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Japan Cash Machine

DB:JCM
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JCM
DB
¥37B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Japan Cash Machine Co., Ltd., together with its subsidiaries, develops, manufactures, and sells money-handling and amusement center machines in Japan and internationally. The last earnings update was 65 days ago. More info.


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JCM Share Price and Events
7 Day Returns
-1.1%
DB:JCM
2.8%
DE Electronic
2.4%
DE Market
1 Year Returns
6%
DB:JCM
-1%
DE Electronic
-6.2%
DE Market
JCM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Japan Cash Machine (JCM) -1.1% 12.7% 21.3% 6% 29.8% -26.1%
DE Electronic 2.8% 4.1% 20.4% -1% 98.9% 101.5%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • JCM outperformed the Electronic industry which returned -1% over the past year.
  • JCM outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
JCM
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Japan Cash Machine 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 Japan Cash Machine 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 Japan Cash Machine.

DB:JCM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
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 DB:JCM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 30.86%) (0%))
1.045
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.045 * 5.96%)
6.46%

Discounted Cash Flow Calculation for DB:JCM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Japan Cash Machine 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.

DB:JCM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.46%)
2019 1,250.00 Analyst x1 1,174.18
2020 2,700.00 Analyst x1 2,382.40
2021 1,500.00 Analyst x1 1,243.28
2022 900.63 Est @ -39.96% 701.21
2023 649.33 Est @ -27.9% 474.89
2024 522.95 Est @ -19.46% 359.27
2025 452.06 Est @ -13.56% 291.73
2026 409.47 Est @ -9.42% 248.22
2027 382.75 Est @ -6.53% 217.95
2028 365.53 Est @ -4.5% 195.51
Present value of next 10 years cash flows ¥7,288.64
DB:JCM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥365.53 × (1 + 0.23%) ÷ (6.46% – 0.23%)
¥5,881.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥5,881.54 ÷ (1 + 6.46%)10
¥3,145.93
DB:JCM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥7,288.64 + ¥3,145.93
¥10,434.57
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥10,434.57 / 29.64
¥352.02
DB:JCM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:JCM represents 0.00769x of TSE:6418
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00769x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 352.02 x 0.00769
€2.71
Value per share (EUR) From above. €2.71
Current discount Discount to share price of €9.57
= -1 x (€9.57 - €2.71) / €2.71
-253.4%

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

  • The current share price of Japan Cash Machine 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 Japan Cash Machine's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Japan Cash Machine's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:JCM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥8.77
TSE:6418 Share Price ** TSE (2019-04-18) in JPY ¥1244
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.37x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of Japan Cash Machine.

DB:JCM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6418 Share Price ÷ EPS (both in JPY)

= 1244 ÷ 8.77

141.82x

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

  • Japan Cash Machine is overvalued based on earnings compared to the DE Electronic industry average.
  • Japan Cash Machine is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Japan Cash Machine's expected growth come at a high price?
Raw Data
DB:JCM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 141.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
31.1%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:JCM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 141.82x ÷ 31.1%

4.56x

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

  • Japan Cash Machine is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Japan Cash Machine's assets?
Raw Data
DB:JCM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,121.29
TSE:6418 Share Price * TSE (2019-04-18) in JPY ¥1244
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:JCM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6418 Share Price ÷ Book Value per Share (both in JPY)

= 1244 ÷ 1,121.29

1.11x

* Primary Listing of Japan Cash Machine.

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

  • Japan Cash Machine is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Japan Cash Machine'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Japan Cash Machine has a total score of 1/6, 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.

Future Performance

 How is Japan Cash Machine expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
31.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Japan Cash Machine expected to grow at an attractive rate?
  • Japan Cash Machine's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Japan Cash Machine's earnings growth is expected to exceed the Germany market average.
  • Japan Cash Machine's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:JCM Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:JCM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 31.1%
DB:JCM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -2.3%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:JCM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:JCM Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 29,700 2,300 1,350 1
2020-03-31 29,000 3,600 1,300 1
2019-03-31 31,000 2,050 1,300 1
DB:JCM Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 30,833 2,206 260
2018-09-30 30,450 4,575 1,518
2018-06-30 30,433 3,720 1,521
2018-03-31 29,860 3,461 924
2017-12-31 29,829 3,686 1,783
2017-09-30 29,927 377 1,060
2017-06-30 29,972 654 1,541
2017-03-31 30,230 611 1,010
2016-12-31 30,393 2,475 616
2016-09-30 30,558 2,639 296
2016-06-30 30,011 2,756 -211
2016-03-31 29,761 1,758 357

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Japan Cash Machine's earnings are expected to grow significantly at over 20% yearly.
  • Japan Cash Machine's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
DB:JCM 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 1 Analyst Estimates (S&P Global) See Below

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

DB:JCM Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 45.54 45.54 45.54 1.00
2020-03-31 43.86 43.86 43.86 1.00
2019-03-31 43.86 43.86 43.86 1.00
DB:JCM Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 8.77
2018-09-30 51.21
2018-06-30 51.31
2018-03-31 31.57
2017-12-31 62.47
2017-09-30 38.11
2017-06-30 56.80
2017-03-31 37.63
2016-12-31 22.90
2016-09-30 10.98
2016-06-30 -7.82
2016-03-31 13.23

*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.
  • Japan Cash Machine is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Japan Cash Machine'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.
Japan Cash Machine has a total score of 3/6, 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.

Past Performance

  How has Japan Cash Machine 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 Japan Cash Machine's growth in the last year to its industry (Electronic).
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.
  • Japan Cash Machine's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Japan Cash Machine's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Japan Cash Machine's 1-year earnings growth is negative, it can't be compared to the DE Electronic industry average.
Earnings and Revenue History
Japan Cash Machine'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 Japan Cash Machine Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:JCM Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 30,833.00 260.00 9,921.00
2018-09-30 30,450.00 1,518.00 9,865.00
2018-06-30 30,433.00 1,521.00 9,866.00
2018-03-31 29,860.00 924.00 9,914.00
2017-12-31 29,829.00 1,783.00 9,872.00
2017-09-30 29,927.00 1,060.00 10,130.00
2017-06-30 29,972.00 1,541.00 10,140.00
2017-03-31 30,230.00 1,010.00 10,001.00
2016-12-31 30,393.00 616.00 9,771.00
2016-09-30 30,558.00 296.00 9,596.00
2016-06-30 30,011.00 -211.00 9,808.00
2016-03-31 29,761.00 357.00 10,045.00
2015-12-31 29,732.00 625.00 10,117.00
2015-09-30 29,094.00 1,190.00 10,041.00
2015-06-30 28,640.00 1,646.00 9,468.00
2015-03-31 27,917.00 1,486.00 8,886.00
2014-12-31 27,106.00 1,806.00 8,526.00
2014-09-30 27,134.00 1,507.00 8,309.00
2014-06-30 26,926.00 1,022.00 8,249.00
2014-03-31 27,806.00 1,418.00 8,099.00
2013-12-31 26,249.00 1,584.00 8,060.00
2013-09-30 25,198.00 1,554.00 7,699.00
2013-06-30 24,682.00 1,577.00 7,602.00
2013-03-31 23,441.00 1,432.00 7,627.00
2012-12-31 23,391.00 1,068.00 7,818.00
2012-09-30 23,806.00 1,034.00 8,031.00
2012-06-30 22,972.00 1,020.00 8,092.00

*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.
  • Japan Cash Machine has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Japan Cash Machine used its assets less efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Japan Cash Machine has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Japan Cash Machine'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 Electronic 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.
Japan Cash Machine has a total score of 1/6, 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.

Health

 How is Japan Cash Machine'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 Japan Cash Machine's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Japan Cash Machine is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Japan Cash Machine's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Japan Cash Machine'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.
  • High level of physical assets or inventory.
  • Japan Cash Machine 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 Japan Cash Machine Company Filings, last reported 3 months ago.

DB:JCM Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 33,237.00 0.00 10,171.00
2018-09-30 32,922.00 0.00 10,180.00
2018-06-30 32,387.00 0.00 9,202.00
2018-03-31 32,872.00 42.00 8,998.00
2017-12-31 33,631.00 457.00 9,634.00
2017-09-30 32,210.00 913.00 7,716.00
2017-06-30 30,799.00 3,699.00 9,490.00
2017-03-31 28,936.00 3,882.00 7,189.00
2016-12-31 26,538.00 4,195.00 7,150.00
2016-09-30 27,080.00 3,637.00 8,138.00
2016-06-30 28,187.00 4,218.00 8,761.00
2016-03-31 29,251.00 4,857.00 8,898.00
2015-12-31 29,372.00 5,788.00 7,605.00
2015-09-30 29,677.00 5,757.00 8,547.00
2015-06-30 28,813.00 5,879.00 7,689.00
2015-03-31 29,426.00 6,065.00 8,840.00
2014-12-31 27,964.00 5,500.00 8,286.00
2014-09-30 27,054.00 5,500.00 8,166.00
2014-06-30 26,995.00 0.00 10,038.00
2014-03-31 27,223.00 386.00 9,920.00
2013-12-31 26,220.00 0.00 9,484.00
2013-09-30 25,874.00 0.00 10,280.00
2013-06-30 25,146.00 0.00 8,263.00
2013-03-31 24,294.00 465.00 7,945.00
2012-12-31 23,134.00 0.00 6,997.00
2012-09-30 22,929.00 0.00 7,366.00
2012-06-30 23,128.00 0.00 7,259.00
  • Japan Cash Machine has no debt.
  • Japan Cash Machine had no debt 5 years ago.
  • Japan Cash Machine has no debt, it does not need to be covered by operating cash flow.
  • Japan Cash Machine has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Japan Cash Machine'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. Japan Cash Machine 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.

Dividends

 What is Japan Cash Machine'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
1.37%
Current annual income from Japan Cash Machine dividends. Estimated to be 1.45% next year.
If you bought €2,000 of Japan Cash Machine shares you are expected to receive €27 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?
  • Japan Cash Machine's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Japan Cash Machine's dividend is below the markets top 25% of dividend payers in Germany (3.7%).
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
DB:JCM 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 1 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:JCM Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 18.00 1.00
2020-03-31 18.00 1.00
2019-03-31 17.00 1.00
DB:JCM Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-13 17.000 1.505
2019-02-12 17.000 1.637
2018-11-07 17.000 1.667
2018-11-06 17.000 1.547
2018-06-27 17.000 1.375
2018-05-10 17.000 1.383
2018-02-14 17.000 1.392
2018-02-13 17.000 1.538
2017-11-09 17.000 1.491
2017-11-02 17.000 1.487
2017-06-28 17.000 1.460
2017-05-11 17.000 1.440
2017-02-09 17.000 1.205
2017-02-03 17.000 1.127
2016-11-10 17.000 1.135
2016-11-02 17.000 1.129
2016-06-28 17.000 1.457
2016-05-10 17.000 1.972
2016-02-10 17.000 1.822
2016-02-09 17.000 1.831
2015-11-12 17.000 1.481
2015-11-04 17.000 1.287
2015-06-26 17.000 1.177
2015-05-12 17.000 0.990
2014-06-26 17.000 0.944
2014-05-09 17.000 0.961
2014-02-12 16.000 0.891
2013-10-31 16.000 0.790
2013-08-02 16.000 0.940
2013-06-26 22.000 1.667
2013-05-09 16.000 1.198
2013-02-14 14.000 1.368
2012-11-13 14.000 1.886
2012-10-31 14.000 2.142
2012-07-31 14.000 2.097
2012-06-27 14.000 2.294
2012-02-13 14.000 2.121
2012-02-08 14.000 2.392
2011-11-11 14.000 2.342
2011-11-02 14.000 2.285
2011-08-03 14.000 2.157
2011-06-28 14.000 2.141
2011-05-12 14.000 2.161
2011-02-10 14.000 2.032
2011-02-08 14.000 2.121
2010-11-12 14.000 2.195
2010-11-02 14.000 2.340
2010-08-03 14.000 2.238
2010-06-25 14.000 1.918
2010-05-13 14.000 1.842
2010-02-12 14.000 1.710
2010-02-09 14.000 1.888
2009-11-12 14.000 1.730
2009-11-05 14.000 1.877
2009-08-21 14.000 1.685
2009-06-25 14.000 1.570
2009-05-08 14.000 1.599
2009-04-20 22.000 2.639

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Japan Cash Machine's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
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 Japan Cash Machine'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 Japan Cash Machine afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Japan Cash Machine has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of Japan Cash Machine'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
Yojiro Kamihigashi
AGE 59
TENURE AS CEO 12 years
CEO Bio

Mr. Yojiro Kamihigashi has been the President of Japan Cash Machine Co. Ltd. since April 2007. Mr. Kamihigashi joined Japan Cash Machine Co., Ltd. in October 1984 and served as its Manager of Overseas Operations Department since May 1995; General Manager of Overseas Division since Apr 2006 and Executive Officer since June 2006. He served as the President of JCM Gold (H.K.) LTD since January 1990. He served as the President of Japan Cash Machine Germany Gmbh (now JCM Europe Gmbh.) since June 1999. He served as the Chairman of JCM Gold (H.K.) LTD since July 1996. He has been the Chairman of Japan Cash Machine Germany Gmbh (now JCM Europe Gmbh) since May 2002. He has been the Chairman of JCM American Corp since December 2004. He has been a Director at Japan Cash Machine Co. Ltd. since April 2007. He has served as a Representative Director of Japan Cash Machine Co. Ltd. He served as a Representative Director, JCM Gold (H.K.) LTD since January 1990. He served as a Director of JCM American Corp since April 1995. He served as a Representative Director of Japan Cash Machine Germany Gmbh (now JCM EUROPE GMBH.) since June 1999.

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

Average tenure and age of the Japan Cash Machine management team in years:

7.8
Average Tenure
58
Average Age
  • The average tenure for the Japan Cash Machine management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Yojiro Kamihigashi

TITLE
President & Representative Director
AGE
59
TENURE
12 yrs

Makoto Hasegawa

TITLE
Operating Officer & General Manager of Global Operation Division

Hisashi Maki

TITLE
GM of Creating & Mfg
AGE
69

Tsuyoshi Takagaki

TITLE
Senior Operating Officer
AGE
57
TENURE
5.3 yrs

Haruaki Nakao

TITLE
Senior Operating Officer & Head of Quality Division

Yasuhiko Yoshimura

TITLE
Manager of Domestic Business & Director
AGE
57
TENURE
7.8 yrs
Board of Directors Tenure

Average tenure and age of the Japan Cash Machine board of directors in years:

5.8
Average Tenure
63
Average Age
  • The tenure for the Japan Cash Machine board of directors is about average.
Board of Directors

Koichiro Kamihigashi

TITLE
Chairman
AGE
61
TENURE
11.8 yrs

Yojiro Kamihigashi

TITLE
President & Representative Director
AGE
59
TENURE
12 yrs

Hisashi Maki

TITLE
GM of Creating & Mfg
AGE
69
TENURE
17.8 yrs

Tsuyoshi Takagaki

TITLE
Senior Operating Officer
AGE
57
TENURE
5.8 yrs

Yasuhiko Yoshimura

TITLE
Manager of Domestic Business & Director
AGE
57
TENURE
5.8 yrs

Yoshihiro Iuchi

TITLE
Director

Koji Yoshikawa

TITLE
Outside Director
AGE
68
TENURE
4.8 yrs

Brian Smith

TITLE
Outside Director
AGE
72
TENURE
4.8 yrs

Hideyuki Koizumi

TITLE
Outside Audit & Supervisory Board Member
AGE
65

Shigeru Yamazawa

TITLE
Full-Time Audit & Supervisory Board Member
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Japan Cash Machine'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. Japan Cash Machine 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.

News

Simply Wall St News

Company Info

Description

Japan Cash Machine Co., Ltd., together with its subsidiaries, develops, manufactures, and sells money-handling and amusement center machines in Japan and internationally. It offers bill acceptors, coin and bill counting and processing machines, OEM terminals for sports and track facilities, and other equipment for the financial industry; and ATMs, automatic ticketing machines, fare adjustment machines, vending machines, depositing machines, and kiosk terminals under the JCM brand name. It serves casinos and gaming, banking, transportation, retail, amusement, and other markets. The company was founded in 1955 and is headquartered in Osaka, Japan.

Details
Name: Japan Cash Machine Co., Ltd.
JCM
Exchange: DB
Founded: 1955
¥292,938,747
29,641,726
Website: http://www.jcm-hq.co.jp
Address: Japan Cash Machine Co., Ltd.
2-3-15 Nishiwaki,
Hirano-ku,
Osaka,
547-0035,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6418 Common Stock The Tokyo Stock Exchange JP JPY 01. Nov 1993
DB JCM Common Stock Deutsche Boerse AG DE EUR 01. Nov 1993
Number of employees
Current staff
Staff numbers
672
Japan Cash Machine employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 20:57
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/02/13
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.