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2393

Nippon Care Supply TSE:2393 Stock Report

Last Price

JP¥1.49k

Market Cap

JP¥23.1b

7D

0%

1Y

-2.8%

Updated

27 Sep, 2022

Data

Company Financials
2393 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends4/6

2393 Stock Overview

Nippon Care Supply Co., Ltd. engages in the rental and wholesale of welfare equipment in Japan.

Nippon Care Supply Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nippon Care Supply
Historical stock prices
Current Share PriceJP¥1,492.00
52 Week HighJP¥1,559.00
52 Week LowJP¥1,342.00
Beta0.42
1 Month Change0.81%
3 Month Change-0.53%
1 Year Change-2.80%
3 Year Change14.51%
5 Year Change20.81%
Change since IPO-26.32%

Recent News & Updates

Shareholder Returns

2393JP HealthcareJP Market
7D0%-3.2%-4.0%
1Y-2.8%-12.9%-10.9%

Return vs Industry: 2393 exceeded the JP Healthcare industry which returned -12.9% over the past year.

Return vs Market: 2393 exceeded the JP Market which returned -10.9% over the past year.

Price Volatility

Is 2393's price volatile compared to industry and market?
2393 volatility
2393 Average Weekly Movement1.3%
Healthcare Industry Average Movement3.4%
Market Average Movement3.5%
10% most volatile stocks in JP Market7.4%
10% least volatile stocks in JP Market1.9%

Stable Share Price: 2393 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: 2393's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19981,163Toshiya Takasakihttps://www.caresupply.co.jp

Nippon Care Supply Co., Ltd. engages in the rental and wholesale of welfare equipment in Japan. The company’s welfare equipment includes electric beds, wheelchairs, and bathing aids. It also offers nursing care services.

Nippon Care Supply Fundamentals Summary

How do Nippon Care Supply's earnings and revenue compare to its market cap?
2393 fundamental statistics
Market CapJP¥23.12b
Earnings (TTM)JP¥1.59b
Revenue (TTM)JP¥23.92b

14.6x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2393 income statement (TTM)
RevenueJP¥23.92b
Cost of RevenueJP¥15.04b
Gross ProfitJP¥8.88b
Other ExpensesJP¥7.30b
EarningsJP¥1.59b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 28, 2022

Earnings per share (EPS)102.27
Gross Margin37.14%
Net Profit Margin6.64%
Debt/Equity Ratio0.06%

How did 2393 perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

59%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2393 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2393?

Other financial metrics that can be useful for relative valuation.

2393 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA2.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2393's PE Ratio compare to its peers?

2393 PE Ratio vs Peers
The above table shows the PE ratio for 2393 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12x
9273 Koa Shoji HoldingsLtd
10.6x7.9%JP¥25.0b
3183 WIN-Partners
14.1xn/aJP¥26.3b
7600 Japan Medical Dynamic Marketing
15.4x9.6%JP¥32.2b
3154 Medius Holdings
8.1xn/aJP¥15.0b
2393 Nippon Care Supply
14.6xn/aJP¥23.1b

Price-To-Earnings vs Peers: 2393 is expensive based on its Price-To-Earnings Ratio (14.6x) compared to the peer average (12x).


Price to Earnings Ratio vs Industry

How does 2393's PE Ratio compare vs other companies in the JP Healthcare Industry?

Price-To-Earnings vs Industry: 2393 is expensive based on its Price-To-Earnings Ratio (14.6x) compared to the JP Healthcare industry average (11.6x)


Price to Earnings Ratio vs Fair Ratio

What is 2393's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2393 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2393's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2393 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2393 (¥1492) is trading below our estimate of fair value (¥1724.03)

Significantly Below Fair Value: 2393 is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Nippon Care Supply forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.0%

Forecasted Healthcare industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nippon Care Supply has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine Nippon Care Supply's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Nippon Care Supply performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2393 has high quality earnings.

Growing Profit Margin: 2393's current net profit margins (6.6%) are lower than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: 2393's earnings have grown by 6.5% per year over the past 5 years.

Accelerating Growth: 2393's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2393 had negative earnings growth (-3.3%) over the past year, making it difficult to compare to the Healthcare industry average (12%).


Return on Equity

High ROE: 2393's Return on Equity (10.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Nippon Care Supply's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 2393's short term assets (¥5.8B) exceed its short term liabilities (¥5.0B).

Long Term Liabilities: 2393's short term assets (¥5.8B) exceed its long term liabilities (¥1.3B).


Debt to Equity History and Analysis

Debt Level: 2393 has more cash than its total debt.

Reducing Debt: 2393's debt to equity ratio has reduced from 13.6% to 0.06% over the past 5 years.

Debt Coverage: 2393's debt is well covered by operating cash flow (588.9%).

Interest Coverage: Insufficient data to determine if 2393's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Nippon Care Supply current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.69%

Current Dividend Yield

Dividend Yield vs Market

Nippon Care Supply Dividend Yield vs Market
How does Nippon Care Supply dividend yield compare to the market?
SegmentDividend Yield
Company (Nippon Care Supply)4.7%
Market Bottom 25% (JP)1.7%
Market Top 25% (JP)3.7%
Industry Average (Healthcare)2.3%
Analyst forecast in 3 Years (Nippon Care Supply)n/a

Notable Dividend: 2393's dividend (4.69%) is higher than the bottom 25% of dividend payers in the JP market (1.68%).

High Dividend: 2393's dividend (4.69%) is in the top 25% of dividend payers in the JP market (3.73%)


Stability and Growth of Payments

Stable Dividend: 2393's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2393's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (58.7%), 2393's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 2393 is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

8.3yrs

Average board tenure


CEO

Toshiya Takasaki

2.67yrs

Tenure


Board Members

Experienced Board: 2393's board of directors are considered experienced (8.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of 2393?
Owner TypeNumber of SharesOwnership Percentage
Employee Share Scheme147,2000.9%
Individual Insiders198,3001.3%
Institutions274,1011.8%
General Public3,080,75619.8%
Public Companies11,837,50076.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 15 shareholders own 80.17% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
40.26%
Mitsubishi Corporation
6,255,000¥9.3b0%no data
31.95%
Sohgo Security Services Co.,Ltd.
4,965,000¥7.4b0%no data
3.5%
Mitsubishi Research Institute, Inc.
544,000¥811.6m0%no data
1.01%
Meiji Yasuda Life Insurance Company, Asset Management Arm
156,300¥233.2m0%0.01%
0.95%
Nippon Care Supply Co. Ltd. ESOP
147,200¥219.6m0%no data
0.56%
Noriyoshi Kabata
86,700¥129.4m0%no data
0.47%
Hikari Tsushin, Inc.
73,500¥109.7m0%no data
0.44%
Katsutoshi Watanabe
68,000¥101.5m0%no data
0.38%
Rakuten Investment Management, Inc.
58,400¥87.1m0%0.02%
0.32%
Sumitomo Mitsui Financial Group Inc., Asset Management Arm
50,300¥75.0m0%no data
0.27%
Nobu Tsuga
42,600¥63.6m0%no data
0.039%
Dr. Bost & Compagnon VermÖGensberatungs Gmbh & Co.Kg
6,000¥9.0m0%0.77%
0.015%
LGT Capital Partners Ltd.
2,400¥3.6m0%no data
0.0064%
Makoto Okada
1,000¥1.5m0%no data
0.0045%
Dimensional Fund Advisors LP
701¥1.0m0%no data

Company Information

Nippon Care Supply Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Nippon Care Supply Co., Ltd.
  • Ticker: 2393
  • Exchange: TSE
  • Founded: 1998
  • Industry: Health Care Distributors
  • Sector: Healthcare
  • Implied Market Cap: JP¥23.120b
  • Shares outstanding: 15.54m
  • Website: https://www.caresupply.co.jp

Number of Employees


Location

  • Nippon Care Supply Co., Ltd.
  • Shiba NBF Tower
  • 9th Floor
  • Tokyo
  • 105-0012
  • Japan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2393TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYFeb 2004

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.