TSE:6178

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Japan Post Holdings

Executive Summary

Japan Post Holdings Co., Ltd., through its subsidiaries, provides postal, banking, and insurance services in Japan. More Details


Snowflake Analysis

Undervalued second-rate dividend payer.


Similar Companies

Share Price & News

How has Japan Post Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6178 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 6178's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.6%

6178

-1.5%

JP Insurance

-0.3%

JP Market


1 Year Return

-20.8%

6178

-10.6%

JP Insurance

1.7%

JP Market

Return vs Industry: 6178 underperformed the JP Insurance industry which returned -10.6% over the past year.

Return vs Market: 6178 underperformed the JP Market which returned 1.7% over the past year.


Shareholder returns

6178IndustryMarket
7 Day-1.6%-1.5%-0.3%
30 Day11.1%6.2%5.6%
90 Day4.3%7.3%6.1%
1 Year-18.5%-20.8%-7.0%-10.6%4.3%1.7%
3 Year-26.2%-34.2%-5.7%-16.0%5.8%-1.5%
5 Year-47.8%-56.6%-14.2%-28.2%24.0%10.1%

Long-Term Price Volatility Vs. Market

How volatile is Japan Post Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Japan Post Holdings undervalued compared to its fair value and its price relative to the market?

38.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6178 (¥824) is trading below our estimate of fair value (¥1335.03)

Significantly Below Fair Value: 6178 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6178 is good value based on its PE Ratio (7.8x) compared to the JP Insurance industry average (21.1x).

PE vs Market: 6178 is good value based on its PE Ratio (7.8x) compared to the JP market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: 6178's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 6178 is good value based on its PB Ratio (0.3x) compared to the JP Insurance industry average (1.1x).


Next Steps

Future Growth

How is Japan Post Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

-4.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6178's earnings are forecast to decline over the next 3 years (-4% per year).

Earnings vs Market: 6178's earnings are forecast to decline over the next 3 years (-4% per year).

High Growth Earnings: 6178's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 6178's revenue (0.7% per year) is forecast to grow slower than the JP market (5.4% per year).

High Growth Revenue: 6178's revenue (0.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6178's Return on Equity is forecast to be low in 3 years time (2.9%).


Next Steps

Past Performance

How has Japan Post Holdings performed over the past 5 years?

18.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6178 has high quality earnings.

Growing Profit Margin: 6178's current net profit margins (3.7%) are lower than last year (4%).


Past Earnings Growth Analysis

Earnings Trend: 6178's earnings have grown by 18.2% per year over the past 5 years.

Accelerating Growth: 6178's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6178 had negative earnings growth (-13.5%) over the past year, making it difficult to compare to the Insurance industry average (-15.8%).


Return on Equity

High ROE: 6178's Return on Equity (3.4%) is considered low.


Next Steps

Financial Health

How is Japan Post Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 6178's short term assets (¥80,197.1B) do not cover its short term liabilities (¥201,671.0B).

Long Term Liabilities: 6178's short term assets (¥80,197.1B) exceed its long term liabilities (¥79,279.3B).


Debt to Equity History and Analysis

Debt Level: 6178's debt to equity ratio (169.7%) is considered high.

Reducing Debt: 6178's debt to equity ratio has increased from 115.3% to 169.7% over the past 5 years.

Debt Coverage: 6178's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 6178's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Japan Post Holdings's current dividend yield, its reliability and sustainability?

6.07%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 6178's dividend (6.07%) is higher than the bottom 25% of dividend payers in the JP market (1.3%).

High Dividend: 6178's dividend (6.07%) is in the top 25% of dividend payers in the JP market (3.13%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 6178 has been paying a dividend for less than 10 years.

Growing Dividend: 6178 has only been paying a dividend for 5 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.7%), 6178's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

Masuda Hiroya (69 yo)

0.83

Tenure

Mr. Masuda Hiroya has been the President, Chief Executive Officer and Representative Executive Officer of Japan Post Holdings Co., Ltd. since January 2020 and also serves as its Director since 2020. He ser...


Leadership Team

NamePositionTenureCompensationOwnership
Masuda Hiroya
President0.83yrno datano data
Katsunori Sago
Head of Asset Management for Banking Unit5.42yrsno datano data
Toshihide Komatsu
Executive VP & Representative Executive Officer7.17yrsno data0.00034%
¥ 11.3m
Kunio Tanigaki
Senior Managing Executive Officer2.83yrsno data0.00029%
¥ 9.6m
Kenji Fukumoto
Managing Executive Officerno datano data0.00014%
¥ 4.6m
Ichikura Noboru
Managing Executive Officer4.42yrsno data0.00014%
¥ 4.6m
Chikashi Isayama
Managing Executive Officerno datano datano data
Susumu Tanaka
Managing Executive Officerno datano datano data
Kimihiko Oku
Managing Executive Officerno datano data0.00015%
¥ 5.0m
Toru Inasawa
Senior Managing Executive Officer3.58yrsno data0.00018%
¥ 6.0m
Noriko Kinoshita
Managing Executive Officer0.83yrno data0.000020%
¥ 662.5k
Yoshifumi Iwasaki
Executive VP & Representative Executive Officer4.42yrsno data0.00019%
¥ 6.3m

4.0yrs

Average Tenure

65.5yo

Average Age

Experienced Management: 6178's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Masuda Hiroya
President0.83yrno datano data
Kunio Ishihara
Independent Outside Director5.42yrsno data0.00021%
¥ 7.0m
Charles Lake
Independent Outside Director4.42yrsno datano data
Norito Ikeda
Director4.42yrsno data0.000040%
¥ 1.3m
Akio Mimura
Independent Outside Director7.42yrsno datano data
Michiko Hirono
Independent Outside Director4.42yrsno data0.000080%
¥ 2.6m
Kazuhide Kinugawa
Director0.83yrno data0.00031%
¥ 10.3m
Tetsuya Senda
Director (Part-Time)0.42yrno data0.00013%
¥ 4.3m
Tsuyoshi Okamoto
Independent Outside Directorno datano datano data
Miharu Koezuka
Independent Outside Director2.83yrsno data0.000040%
¥ 1.3m
Sakie Akiyama
Independent Outside Director1.42yrsno datano data
Akira Satake
Independent Outside Director0.83yrno datano data

2.8yrs

Average Tenure

67yo

Average Age

Experienced Board: 6178's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

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


Top Shareholders

Company Information

Japan Post Holdings Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Japan Post Holdings Co., Ltd.
  • Ticker: 6178
  • Exchange: TSE
  • Founded: 1871
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: JP¥3.312t
  • Shares outstanding: 4.04b
  • Website: https://www.japanpost.jp

Number of Employees


Location

  • Japan Post Holdings Co., Ltd.
  • 3-1, Otemachi 2-chome
  • Chiyoda-ku
  • Tokyo
  • 100-8791
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6178TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYNov 2015
1JPDB (Deutsche Boerse AG)YesCommon StockDEEURNov 2015
JPHL.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 2015
JPPH.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDMar 2016

Biography

Japan Post Holdings Co., Ltd., through its subsidiaries, provides postal, banking, and insurance services in Japan. It operates through Postal and Domestic Logistics, Post Office, International Logistics, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 14:49
End of Day Share Price2020/11/20 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.