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OBIC Business Consultants

MUN:OBI
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OBI
MUN
¥360B
Market Cap
  1. Home
  2. DE
  3. Software
Company description

OBIC Business Consultants Co., Ltd. develops and sells business and information technology solutions in Japan. The last earnings update was 25 days ago. More info.


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OBI Share Price and Events
7 Day Returns
-2.1%
MUN:OBI
-7.3%
DE Software
-0.7%
DE Market
1 Year Returns
29%
MUN:OBI
11.4%
DE Software
-7.6%
DE Market
OBI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
OBIC Business Consultants (OBI) -2.1% -6.6% 7.6% 29% 68.8% 239.7%
DE Software -7.3% -3.4% 10.4% 11.4% 48.2% 92.5%
DE Market -0.7% -0.5% -3.8% -7.6% 8.3% 11.1%
1 Year Return vs Industry and Market
  • OBI outperformed the Software industry which returned 11.4% over the past year.
  • OBI outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
OBI
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for OBIC Business Consultants's competitors could be found in our database.

OBI Value

 Is OBIC Business Consultants undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of OBIC Business Consultants to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for OBIC Business Consultants.

MUN:OBI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for MUN:OBI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.121 (1 + (1- 30.86%) (0%))
1.081
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.081 * 5.96%)
6.67%

Discounted Cash Flow Calculation for MUN:OBI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for OBIC Business Consultants is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

MUN:OBI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.67%)
2020 10,314.50 Analyst x4 9,669.42
2021 10,752.25 Analyst x4 9,449.39
2022 11,208.50 Analyst x4 9,234.30
2023 10,080.00 Analyst x2 7,785.19
2024 10,675.00 Analyst x2 7,729.09
2025 10,587.21 Est @ -0.82% 7,186.12
2026 10,533.51 Est @ -0.51% 6,702.51
2027 10,503.31 Est @ -0.29% 6,265.32
2028 10,489.41 Est @ -0.13% 5,865.71
2029 10,486.88 Est @ -0.02% 5,497.53
Present value of next 10 years cash flows ¥75,384.56
MUN:OBI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥10,486.88 × (1 + 0.23%) ÷ (6.67% – 0.23%)
¥163,125.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥163,125.53 ÷ (1 + 6.67%)10
¥85,515.15
MUN:OBI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥75,384.56 + ¥85,515.15
¥160,899.71
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥160,899.71 / 75.16
¥2140.63
MUN:OBI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in MUN:OBI represents 0.00829x of TSE:4733
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00829x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,140.63 x 0.00829
€17.74
Value per share (EUR) From above. €17.74
Current discount Discount to share price of €39.69
= -1 x (€39.69 - €17.74) / €17.74
-123.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of OBIC Business Consultants is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for OBIC Business Consultants's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are OBIC Business Consultants's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MUN:OBI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥133.97
TSE:4733 Share Price ** TSE (2019-07-19) in JPY ¥4790
Germany Software Industry PE Ratio Median Figure of 18 Publicly-Listed Software Companies 34.7x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of OBIC Business Consultants.

MUN:OBI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:4733 Share Price ÷ EPS (both in JPY)

= 4790 ÷ 133.97

35.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • OBIC Business Consultants is overvalued based on earnings compared to the DE Software industry average.
  • OBIC Business Consultants is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does OBIC Business Consultants's expected growth come at a high price?
Raw Data
MUN:OBI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
1.7%per year
Germany Software Industry PEG Ratio Median Figure of 13 Publicly-Listed Software Companies 1.97x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

MUN:OBI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.75x ÷ 1.7%

20.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • OBIC Business Consultants is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on OBIC Business Consultants's assets?
Raw Data
MUN:OBI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥614.33
TSE:4733 Share Price * TSE (2019-07-19) in JPY ¥4790
Germany Software Industry PB Ratio Median Figure of 32 Publicly-Listed Software Companies 3.13x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
MUN:OBI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:4733 Share Price ÷ Book Value per Share (both in JPY)

= 4790 ÷ 614.33

7.8x

* Primary Listing of OBIC Business Consultants.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • OBIC Business Consultants is overvalued based on assets compared to the DE Software industry average.
X
Value checks
We assess OBIC Business Consultants's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. OBIC Business Consultants has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

OBI Future Performance

 How is OBIC Business Consultants expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is OBIC Business Consultants expected to grow at an attractive rate?
  • OBIC Business Consultants's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • OBIC Business Consultants's earnings growth is positive but not above the Germany market average.
  • OBIC Business Consultants's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
MUN:OBI Future Growth Rates Data Sources
Data Point Source Value (per year)
MUN:OBI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 1.7%
MUN:OBI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 2.7%
Germany Software Industry Earnings Growth Rate Market Cap Weighted Average 25.4%
Germany Software Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MUN:OBI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MUN:OBI Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 33,800 11,100 10,600 1
2023-03-31 32,400 10,500 10,100 1
2022-03-31 32,060 11,401 10,690 5
2021-03-31 30,520 10,910 10,052 5
2020-03-31 29,980 10,427 9,810 5
MUN:OBI Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 29,525 11,823 10,070
2018-12-31 27,762 9,883 10,562
2018-09-30 25,555 8,778 9,416
2018-06-30 24,171 7,899 8,869
2018-03-31 23,513 8,115 8,172
2017-12-31 23,315 8,220 7,714
2017-09-30 23,260 8,575 7,902
2017-06-30 23,354 8,655 8,118
2017-03-31 23,290 8,676 7,669
2016-12-31 23,046 8,859 7,348
2016-09-30 22,585 9,279 6,943
2016-06-30 22,469 9,661 6,901

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • OBIC Business Consultants's earnings are expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
  • OBIC Business Consultants's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MUN:OBI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from OBIC Business Consultants Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:OBI Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 143.94 166.30 127.70 6.00
2021-03-31 135.34 149.01 122.40 6.00
2020-03-31 131.15 134.40 125.10 6.00
MUN:OBI Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 133.97
2018-12-31 224.83
2018-09-30 125.27
2018-06-30 118.00
2018-03-31 108.72
2017-12-31 102.63
2017-09-30 105.13
2017-06-30 108.00
2017-03-31 102.03
2016-12-31 97.76
2016-09-30 92.37
2016-06-30 91.81

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • OBIC Business Consultants is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess OBIC Business Consultants's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
OBIC Business Consultants has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

OBI Past Performance

  How has OBIC Business Consultants performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare OBIC Business Consultants's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • OBIC Business Consultants's year on year earnings growth rate has been positive over the past 5 years.
  • OBIC Business Consultants's 1-year earnings growth exceeds its 5-year average (23.2% vs 7%)
  • OBIC Business Consultants's earnings growth has exceeded the DE Software industry average in the past year (23.2% vs 15.1%).
Earnings and Revenue History
OBIC Business Consultants's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from OBIC Business Consultants Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:OBI Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 29,525.00 10,070.00 8,679.00 2,912.00
2018-12-31 27,762.00 10,562.00 8,302.00 2,453.00
2018-09-30 25,555.00 9,416.00 8,029.00 2,453.00
2018-06-30 24,171.00 8,869.00 7,824.00 2,453.00
2018-03-31 23,513.00 8,172.00 7,558.00 2,453.00
2017-12-31 23,315.00 7,714.00 7,913.00 2,343.00
2017-09-30 23,260.00 7,902.00 7,842.00 2,343.00
2017-06-30 23,354.00 8,118.00 7,648.00 2,343.00
2017-03-31 23,290.00 7,669.00 7,476.00 2,343.00
2016-12-31 23,046.00 7,348.00 7,491.00 2,234.00
2016-09-30 22,585.00 6,943.00 7,375.00 2,234.00
2016-06-30 22,469.00 6,901.00 7,161.00 2,234.00
2016-03-31 21,912.00 6,834.00 7,045.00 2,234.00
2015-12-31 21,684.00 6,743.00 6,894.00 2,117.00
2015-09-30 21,144.00 6,897.00 6,485.00 2,117.00
2015-06-30 20,082.00 6,549.00 6,234.00 2,117.00
2015-03-31 19,828.00 6,426.00 6,057.00 2,117.00
2014-12-31 20,712.00 7,366.00 6,065.00 2,014.00
2014-09-30 20,845.00 7,626.00 6,114.00 2,014.00
2014-06-30 20,792.00 7,570.00 5,992.00 2,014.00
2014-03-31 20,260.00 7,438.00 5,768.00 2,014.00
2013-12-31 18,212.00 5,805.00 5,656.00 1,919.00
2013-09-30 17,353.00 5,460.00 5,290.00 1,919.00
2013-06-30 16,908.00 5,201.00 5,007.00 1,919.00
2013-03-31 16,926.00 4,953.00 4,945.00 1,919.00
2012-12-31 17,086.00 5,487.00 4,837.00 1,871.00
2012-09-30 16,995.00 4,820.00 4,673.00 1,871.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • OBIC Business Consultants has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • OBIC Business Consultants used its assets more efficiently than the DE Software industry average last year based on Return on Assets.
  • OBIC Business Consultants has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess OBIC Business Consultants's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
OBIC Business Consultants has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

OBI Health

 How is OBIC Business Consultants's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up OBIC Business Consultants's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • OBIC Business Consultants is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • OBIC Business Consultants's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of OBIC Business Consultants's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • OBIC Business Consultants has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from OBIC Business Consultants Company Filings, last reported 3 months ago.

MUN:OBI Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 115,438.00 0.00 97,839.00
2018-12-31 111,508.00 0.00 92,177.00
2018-09-30 110,818.00 0.00 92,016.00
2018-06-30 107,293.00 0.00 89,383.00
2018-03-31 105,263.00 0.00 87,123.00
2017-12-31 102,191.00 0.00 83,570.00
2017-09-30 101,960.00 0.00 84,688.00
2017-06-30 100,210.00 0.00 82,638.00
2017-03-31 100,041.00 0.00 81,310.00
2016-12-31 98,584.00 0.00 77,428.00
2016-09-30 97,158.00 0.00 76,288.00
2016-06-30 95,080.00 0.00 73,127.00
2016-03-31 95,530.00 0.00 70,537.00
2015-12-31 92,282.00 0.00 65,491.00
2015-09-30 91,018.00 0.00 62,759.00
2015-06-30 90,966.00 0.00 60,155.00
2015-03-31 90,993.00 0.00 58,092.00
2014-12-31 89,020.00 0.00 54,923.00
2014-09-30 86,927.00 0.00 56,028.00
2014-06-30 85,113.00 0.00 53,250.00
2014-03-31 83,375.00 0.00 53,444.00
2013-12-31 81,797.00 0.00 49,636.00
2013-09-30 78,758.00 0.00 48,812.00
2013-06-30 76,169.00 0.00 46,179.00
2013-03-31 78,101.00 0.00 46,041.00
2012-12-31 72,122.00 0.00 42,754.00
2012-09-30 70,085.00 0.00 42,021.00
  • OBIC Business Consultants has no debt.
  • OBIC Business Consultants has not taken on any debt in the past 5 years.
  • OBIC Business Consultants has no debt, it does not need to be covered by operating cash flow.
  • OBIC Business Consultants has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess OBIC Business Consultants's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. OBIC Business Consultants has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

OBI Dividends

 What is OBIC Business Consultants's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from OBIC Business Consultants dividends. Estimated to be 1.09% next year.
If you bought €2,000 of OBIC Business Consultants shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate OBIC Business Consultants's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate OBIC Business Consultants's dividend against the top 25% market benchmark as the company has not reported any payouts.
Upcoming dividend payment

Purchase OBIC Business Consultants before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MUN:OBI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Software Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

MUN:OBI Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 54.50 6.00
2021-03-31 52.00 6.00
2020-03-31 50.00 6.00
MUN:OBI Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2012-02-08 20.000 1.771
2012-02-03 20.000 2.227
2011-11-09 20.000 2.213
2011-10-28 20.000 2.116
2011-07-25 20.000 1.809
2011-06-24 20.000 1.664
2011-05-18 20.000 1.728
2011-02-09 20.000 1.644
2011-01-28 20.000 1.596
2010-11-10 20.000 1.872
2010-10-27 20.000 1.966
2010-06-24 20.000 1.789
2010-04-26 20.000 1.705
2010-02-10 20.000 1.848
2010-01-26 20.000 2.029
2009-10-27 20.000 2.044
2009-06-24 20.000 1.846
2009-04-23 20.000 2.241
2009-02-12 20.000 2.508
2009-01-27 20.000 2.401
2008-11-12 20.000 2.177
2008-10-28 20.000 1.966

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as OBIC Business Consultants has not reported any payouts.
  • Unable to verify if OBIC Business Consultants's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of OBIC Business Consultants's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as OBIC Business Consultants has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess OBIC Business Consultants's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can OBIC Business Consultants afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. OBIC Business Consultants has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

OBI Management

 What is the CEO of OBIC Business Consultants's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shigefumi Wada
AGE 67
TENURE AS CEO 38.6 years
CEO Bio

Mr. Shigefumi Wada established OBIC Business Consultants Co., Ltd. in December 1980 and has been its President since December 1980. Mr. Wada has been General Manager of Operations Division at OBIC Business Consultant Co., Ltd. since 1990. Mr. Wada served as General Manager of Operations Headquarters at Obic Business Consultants Co. Ltd., since January 1990 and has been its Representative Director since December 1980.

CEO Compensation
  • Insufficient data for Shigefumi to compare compensation growth.
  • Insufficient data for Shigefumi to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the OBIC Business Consultants management team in years:

29.5
Average Tenure
64.5
Average Age
  • The average tenure for the OBIC Business Consultants management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shigefumi Wada

TITLE
President
AGE
67
TENURE
38.6 yrs

Hiroko Wada

TITLE
Senior MD
AGE
66
TENURE
29.5 yrs

Shigeru Nakayama

TITLE
Managing Director
AGE
63
TENURE
29.5 yrs

Izumi Ohara

TITLE
General Manager of Marketing Division and Director
AGE
60
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the OBIC Business Consultants board of directors in years:

15.1
Average Tenure
66.5
Average Age
  • The average tenure for the OBIC Business Consultants board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Masahiro Noda

TITLE
Part-time External Chairman of the Board of Directors
AGE
81
TENURE
38.2 yrs

Shigefumi Wada

TITLE
President
AGE
67
TENURE
38.6 yrs

Hiroko Wada

TITLE
Senior MD
AGE
66

Shigeru Nakayama

TITLE
Managing Director
AGE
63

Izumi Ohara

TITLE
General Manager of Marketing Division and Director
AGE
60
TENURE
23.3 yrs

Hiroshi Kimura

TITLE
Part-time External Director
AGE
70
TENURE
13.3 yrs

Shoichi Tachibana

TITLE
Part-time External Director
AGE
58
TENURE
10.1 yrs

Chiaki Ito

TITLE
Part-time External Director
AGE
72
TENURE
4.1 yrs

Takamune Okihara

TITLE
Director
AGE
68

Seiichi Kurozu

TITLE
Corporate Auditor
AGE
64
TENURE
15.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess OBIC Business Consultants's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. OBIC Business Consultants has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

OBI News

Simply Wall St News

OBI Company Info

Description

OBIC Business Consultants Co., Ltd. develops and sells business and information technology solutions in Japan. The company offers packaged software for business systems, which include Magisterial series products. It also provides maintenance and introduction guidance services. The company was founded in 1980 and is based in Tokyo, Japan.

Details
Name: OBIC Business Consultants Co., Ltd.
OBI
Exchange: MUN
Founded: 1980
¥2,978,540,486
75,164,600
Website: http://www.obc.co.jp
Address: OBIC Business Consultants Co., Ltd.
Sumitomo Real Estate Shinjuku Oak Tower,
32nd Floor,
Tokyo,
163-6032,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 4733 Common Shares The Tokyo Stock Exchange JP JPY 07. Oct 1999
MUN OBI Common Shares Boerse Muenchen DE EUR 07. Oct 1999
Number of employees
Current staff
Staff numbers
794
OBIC Business Consultants employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 20:40
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/11
Last earnings filing: 2019/06/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.