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Shinsei Bank

OTCPK:SKLK.F
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SKLK.F
OTCPK
¥377B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Shinsei Bank, Limited provides various banking and financial products and services to individual customers, businesses, corporations, public-sector entities, and financial institutions in Japan. The last earnings update was 64 days ago. More info.


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SKLK.F Share Price and Events
7 Day Returns
0%
OTCPK:SKLK.F
3.4%
US Banks
0.8%
US Market
1 Year Returns
-6.4%
OTCPK:SKLK.F
-3.4%
US Banks
5.9%
US Market
SKLK.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shinsei Bank (SKLK.F) 0% -2.5% 9% -6.4% 883.6% 617.6%
US Banks 3.4% 0.5% 5.2% -3.4% 45.4% 47.9%
US Market 0.8% 2.6% 10.6% 5.9% 37.7% 45.5%
1 Year Return vs Industry and Market
  • SKLK.F underperformed the Banks industry which returned -3.4% over the past year.
  • SKLK.F underperformed the Market in United States of America which returned 5.9% over the past year.
Price Volatility
SKLK.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Shinsei Bank's competitors could be found in our database.

SKLK.F Value

 Is Shinsei Bank 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 Shinsei Bank 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 Shinsei Bank.

OTCPK:SKLK.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 8 analysts.
= Stable Book Value * Return on Equity
= ¥4,147.95 * 5.7%
¥237.19
Book Value of Equity per Share Weighted future Book Value estimates from 8 analysts. ¥4,147.95
Discount Rate (Cost of Equity) See below 14.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:SKLK.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.629 (1 + (1- 30.86%) (408.39%))
1.941
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.941 * 5.96%)
14.3%

Discounted Cash Flow Calculation for OTCPK:SKLK.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for Shinsei Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:SKLK.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.7% – 14.3%) * ¥4,147.95)
¥-356.00
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥-356.00 / (14.3% - 2.73%)
¥-3,076.72
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥4,147.95 + ¥-3,076.72
¥1071.23
OTCPK:SKLK.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:SKLK.F represents 0.00914x of TSE:8303
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00914x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,071.23 x 0.00914
$9.79
Value per share (USD) From above. $9.79
Current discount Discount to share price of $14.07
= -1 x ($14.07 - $9.79) / $9.79
-43.7%

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

  • The current share price of Shinsei Bank 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 Shinsei Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shinsei Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SKLK.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥228.99
TSE:8303 Share Price ** TSE (2019-04-09) in JPY ¥1539
United States of America Banks Industry PE Ratio Median Figure of 587 Publicly-Listed Banks Companies 13.1x
United States of America Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 18.23x

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

** Primary Listing of Shinsei Bank.

OTCPK:SKLK.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8303 Share Price ÷ EPS (both in JPY)

= 1539 ÷ 228.99

6.72x

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

  • Shinsei Bank is good value based on earnings compared to the US Banks industry average.
  • Shinsei Bank is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Shinsei Bank's expected growth come at a high price?
Raw Data
OTCPK:SKLK.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
1.1%per year
United States of America Banks Industry PEG Ratio Median Figure of 260 Publicly-Listed Banks Companies 1.29x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:SKLK.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.72x ÷ 1.1%

6.04x

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

  • Shinsei Bank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Shinsei Bank's assets?
Raw Data
OTCPK:SKLK.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥3,598.39
TSE:8303 Share Price * TSE (2019-04-09) in JPY ¥1539
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.24x
United States of America Market PB Ratio Median Figure of 5,172 Publicly-Listed Companies 1.93x
OTCPK:SKLK.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8303 Share Price ÷ Book Value per Share (both in JPY)

= 1539 ÷ 3,598.39

0.43x

* Primary Listing of Shinsei Bank.

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

  • Shinsei Bank is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Shinsei Bank'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 Banks 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 Banks industry average (and greater than 0)? (1 check)
  5. Shinsei Bank has a total score of 3/6, 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.

SKLK.F Future Performance

 How is Shinsei Bank expected to perform in the next 1 to 3 years based on estimates from 8 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
1.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shinsei Bank expected to grow at an attractive rate?
  • Shinsei Bank's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Shinsei Bank's earnings growth is positive but not above the United States of America market average.
  • Shinsei Bank's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SKLK.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SKLK.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 1.1%
OTCPK:SKLK.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 0.3%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.1%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
OTCPK:SKLK.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SKLK.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 254,300 54,800 1
2022-03-31 248,700 54,300 1
2021-03-31 235,973 54,459 7
2020-03-31 231,739 52,842 7
2019-03-31 226,989 52,385 6
OTCPK:SKLK.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 321,640 57,377
2018-09-30 322,521 66,620 54,001
2018-06-30 318,515 49,559
2018-03-31 321,655 -36,836 51,414
2017-12-31 317,455 42,971
2017-09-30 321,164 -32,656 50,925
2017-06-30 326,515 53,515
2017-03-31 327,022 113,767 50,759
2016-12-31 331,132 56,223
2016-09-30 326,579 -189,794 48,421
2016-06-30 327,055 46,619
2016-03-31 339,028 -172,437 60,951

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shinsei Bank's earnings are expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).
  • Shinsei Bank's revenue is expected to grow by 0.3% 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
OTCPK:SKLK.F 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 8 Analyst Estimates (S&P Global) See Below

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

OTCPK:SKLK.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 242.25 244.80 239.70 2.00
2022-03-31 235.65 240.30 231.00 2.00
2021-03-31 228.16 248.53 211.65 10.00
2020-03-31 218.08 232.72 206.41 11.00
2019-03-31 211.95 223.50 196.94 11.00
OTCPK:SKLK.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 228.99
2018-09-30 212.64
2018-06-30 192.99
2018-03-31 199.01
2017-12-31 165.91
2017-09-30 196.56
2017-06-30 206.39
2017-03-31 194.65
2016-12-31 214.39
2016-09-30 183.55
2016-06-30 175.77
2016-03-31 229.66

*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.
  • Shinsei Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Shinsei Bank'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Shinsei Bank has a total score of 0/6, 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.

SKLK.F Past Performance

  How has Shinsei Bank 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 Shinsei Bank's growth in the last year to its industry (Banks).
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.
  • Shinsei Bank's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Shinsei Bank's 1-year earnings growth exceeds its 5-year average (33.5% vs -0.5%)
  • Shinsei Bank's earnings growth has not exceeded the US Banks industry average in the past year (33.5% vs 44.5%).
Earnings and Revenue History
Shinsei Bank'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 Shinsei Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SKLK.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 321,640.00 57,377.00 145,661.00
2018-09-30 322,521.00 54,001.00 145,850.00
2018-06-30 318,515.00 49,559.00 145,552.00
2018-03-31 321,655.00 51,414.00 146,969.00
2017-12-31 317,455.00 42,971.00 146,794.00
2017-09-30 321,164.00 50,925.00 147,879.00
2017-06-30 326,515.00 53,515.00 149,698.00
2017-03-31 327,022.00 50,759.00 149,497.00
2016-12-31 331,132.00 56,223.00 151,215.00
2016-09-30 326,579.00 48,421.00 150,617.00
2016-06-30 327,055.00 46,619.00 148,691.00
2016-03-31 339,028.00 60,951.00 148,791.00
2015-12-31 345,915.00 63,634.00 149,612.00
2015-09-30 363,952.00 76,404.00 151,157.00
2015-06-30 355,460.00 70,401.00 152,128.00
2015-03-31 356,021.00 67,873.00 152,895.00
2014-12-31 348,997.00 66,037.00 150,326.00
2014-09-30 337,357.00 43,069.00 148,346.00
2014-06-30 339,540.00 48,588.00 146,808.00
2014-03-31 331,904.00 41,374.00 144,814.00
2013-12-31 198,332.00 40,963.00 124,287.00
2013-09-30 198,383.00 52,555.00 122,697.00
2013-06-30 194,368.00 47,426.00 121,657.00
2013-03-31 193,098.00 51,079.00 120,907.00
2012-12-31 165,945.00 23,617.00 118,339.00
2012-09-30 173,663.00 11,844.00 119,033.00
2012-06-30 173,213.00 4,698.00 119,639.00

*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.
  • Shinsei Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shinsei Bank used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Shinsei Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Shinsei Bank'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 Banks 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.
Shinsei Bank 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.

SKLK.F Health

 How is Shinsei Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Shinsei Bank'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.
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 Shinsei Bank Company Filings, last reported 3 months ago.

OTCPK:SKLK.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 885,337.00 1,541,566.00 1,554,502.00
2018-09-30 873,282.00 1,593,205.00 1,585,836.00
2018-06-30 861,813.00 1,496,845.00 1,711,291.00
2018-03-31 856,032.00 1,490,082.00 1,673,587.00
2017-12-31 853,936.00 1,493,904.00 1,659,346.00
2017-09-30 841,107.00 1,579,980.00 1,701,656.00
2017-06-30 828,347.00 1,606,229.00 1,736,759.00
2017-03-31 820,786.00 1,504,850.00 1,644,429.00
2016-12-31 813,329.00 1,459,261.00 1,659,329.00
2016-09-30 790,262.00 1,320,948.00 1,718,784.00
2016-06-30 787,168.00 1,473,685.00 1,785,407.00
2016-03-31 793,123.00 1,224,921.00 1,469,801.00
2015-12-31 787,092.00 1,450,395.00 1,914,291.00
2015-09-30 775,343.00 1,560,287.00 1,526,053.00
2015-06-30 776,039.00 1,554,394.00 1,314,928.00
2015-03-31 753,761.00 1,453,543.00 1,261,141.00
2014-12-31 734,979.00 1,385,049.00 1,595,505.00
2014-09-30 706,210.00 1,595,666.00 1,578,345.00
2014-06-30 738,474.00 1,665,614.00 1,730,069.00
2014-03-31 722,589.00 1,446,925.00 1,777,474.00
2013-12-31 711,818.00 1,157,903.00 1,227,770.00
2013-09-30 706,974.00 1,142,469.00 1,147,513.00
2013-06-30 691,667.00 1,087,289.00 885,591.00
2013-03-31 683,643.00 1,917,772.00 1,261,556.00
2012-12-31 664,896.00 1,615,650.00 887,367.00
2012-09-30 647,238.00 1,592,407.00 702,344.00
2012-06-30 640,922.00 1,325,146.00 658,959.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Shinsei Bank has an acceptable proportion of non-loan assets held.
  • Shinsei Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Shinsei Bank are broadly funded by customer deposits.
  • Shinsei Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Shinsei Bank has a sufficient allowance for bad loans.
  • Shinsei Bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Shinsei Bank'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. Shinsei Bank 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.

SKLK.F Dividends

 What is Shinsei Bank'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
0.65%
Current annual income from Shinsei Bank dividends. Estimated to be 1.1% next year.
If you bought $2,000 of Shinsei Bank shares you are expected to receive $13 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?
  • Shinsei Bank's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Shinsei Bank's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
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
OTCPK:SKLK.F 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 8 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 472 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:SKLK.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 30.00 2.00
2022-03-31 25.00 2.00
2021-03-31 16.20 10.00
2020-03-31 13.64 11.00
2019-03-31 11.82 11.00
OTCPK:SKLK.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-05-11 10.000 0.617
2017-06-22 10.000 0.559
2017-05-10 10.000 0.532
2016-06-23 10.000 0.561
2016-05-11 10.000 0.610
2015-06-18 10.000 0.494
2015-05-12 10.000 0.406
2014-06-18 10.000 0.448
2014-05-08 10.000 0.464
2013-07-22 10.000 0.456
2013-05-08 10.000 0.424
2012-07-31 10.000 0.711
2012-07-20 10.000 1.147
2012-05-08 10.000 1.114
2012-01-31 10.000 0.982
2011-11-10 10.000 1.253
2011-07-28 10.000 1.156
2011-06-22 10.000 1.197
2011-05-12 10.000 1.200
2011-01-17 10.000 0.990
2010-10-15 10.000 1.261
2010-07-29 10.000 1.464
2010-05-14 10.000 1.233
2010-04-16 0.000 0.000
2010-02-03 10.000 0.928
2009-11-11 10.000 0.911
2009-08-13 0.000 0.000
2009-07-31 0.000 0.000
2009-07-02 0.000 0.000
2009-06-17 0.000 0.000
2009-05-13 0.000 0.000
2009-04-20 0.000 0.000

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

  • Shinsei Bank is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Shinsei Bank is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Shinsei Bank's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Shinsei Bank's dividends as it is not paying a notable one for United States of America.
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 Shinsei Bank'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 Shinsei Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shinsei Bank 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.

SKLK.F Management

 What is the CEO of Shinsei Bank'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
Hideyuki Kudo
AGE 55
TENURE AS CEO 3.8 years
CEO Bio

Mr. Hideyuki Kudo has been President, Chief Executive Officer and Representative Director of Shinsei Bank, Ltd. since June 2015. Mr. Kudo served as Managing Executive Officer of Shinsei Bank, Ltd. since September 2010. He served as Chief Risk Officer and Head of Risk Management Group at Shinsei Bank, Ltd. since April 2013 and served as its Head of Structured Finance Sub-Group since April 2011. He served as Deputy Head of Institutional Group at Shinsei Bank, Ltd. since September 2010. He served as Managing Director of Investments Division at Aetos Japan, LLC since June 2007. He served as Vice Chairman of MID Urban Development Co., Ltd. since January 2007. He served as Representative Director and President of MID Urban Development Co., Ltd. since June 2006. He served as Managing Director of Aetos Japan, LLC since May 2005. He served as Director of Acquisition Group at Aetos Japan, LLC since August 2003. He served as General Manager, Advisory Department No. II, Investment Banking Division, Mizuho Securities Co., Ltd. since May 2001. He joined The Dai-Ichi Kangyo Bank, Ltd. (Predecessor of Mizuho Bank, Ltd.) in April 1987.

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

Average tenure and age of the Shinsei Bank management team in years:

2.3
Average Tenure
55
Average Age
  • The tenure for the Shinsei Bank management team is about average.
Management Team

Hideyuki Kudo

TITLE
President
AGE
55
TENURE
3.8 yrs

Shouichi Hirano

TITLE
Managing Executive Officer & Chief Officer of Group Corporate Planning and Finance
TENURE
2.3 yrs

Hiroshi Ishii

TITLE
Head of IR

Kyohei Matsumoto

TITLE
Chief Officer of Group Legal & Compliance

Akira Hirasawa

TITLE
Senior Managing Exec. Officer and Chief Officer of Group Organizational Strategy & Group HR
AGE
55
TENURE
1.4 yrs

Michiyuki Okano

TITLE
Chief Officer of Group IT

Sanjeev Gupta

TITLE
Senior Managing Executive Officer and Advisor to President & CEO
AGE
58

Yoshiaki Kozano

TITLE
Chief Officer of Group Business Strategy & Director
AGE
56
TENURE
3 yrs

Shinichirou Seto

TITLE
Senior Executive Officer & Head of Group Institutional Business Coverage Unit

Takahisa Komoda

TITLE
Managing Executive Officer & Head of Institutional Business
AGE
54
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Shinsei Bank board of directors in years:

5.8
Average Tenure
60
Average Age
  • The tenure for the Shinsei Bank board of directors is about average.
Board of Directors

Hideyuki Kudo

TITLE
President
AGE
55
TENURE
3.8 yrs

Yoshiaki Kozano

TITLE
Chief Officer of Group Business Strategy & Director
AGE
56
TENURE
0.8 yrs

Hirofumi Kusakabe

TITLE
Executive Officer

Chris Flowers

TITLE
Outside Director
AGE
61
TENURE
19.1 yrs

Shigeru Kani

TITLE
Outside Director
AGE
75
TENURE
14.8 yrs

Jun Makihara

TITLE
Outside Director
AGE
60
TENURE
7.8 yrs

Ernest Higa

TITLE
Outside Director
AGE
66
TENURE
5.8 yrs

Ryuichi Tomimura

TITLE
Outside Director
AGE
59
TENURE
3.8 yrs

Shinya Nagata

TITLE
Audit & Supervisory Board Member
AGE
60
TENURE
6.8 yrs

Michio Shibuya

TITLE
Outside Audit & Supervisory Board Member
AGE
73
TENURE
3.8 yrs
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 Shinsei Bank'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. Shinsei Bank 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.

SKLK.F News

Simply Wall St News

SKLK.F Company Info

Description

Shinsei Bank, Limited provides various banking and financial products and services to individual customers, businesses, corporations, public-sector entities, and financial institutions in Japan. The company offers savings, time, foreign currency, and structured deposits; investment trust services; corporate loans; loan syndication and arrangement services; consumer finance and credit guarantees; brokerage, collection, and life and non-life insurance services; and start-up, real estate non-recourse, project, renewable energy, acquisition, ship, and healthcare financing services, as well as home mortgages and housing loans. It also provides various solutions, including foreign exchange and derivatives; and M&A advisory, private equity, credit trading, corporate restructuring, and asset-back investment services, etc., as well as business succession and change/closure support services. In addition, Shinsei Bank, Limited offers credit and prepaid cards, overseas remittance, and settlement services; lease finance; equity and other capital market related services; and financial transactional, security, asset management, and wealth management services, as well as Internet banking services. The company was formerly known as The Long-Term Credit Bank of Japan, Limited and changed its name to Shinsei Bank, Limited in June 2000. Shinsei Bank, Limited was founded in 1952 and is based in Tokyo, Japan.

Details
Name: Shinsei Bank, Limited
SKLK.F
Exchange: OTCPK
Founded: 1952
¥3,372,743,527
245,274,500
Website: http://www.shinseibank.com
Address: Shinsei Bank, Limited
4-3, Nihonbashi-muromachi 2-chome,
Chuo-ku,
Tokyo,
103-8303,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8303 Common Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK SKLK.F Common Shares Pink Sheets LLC US USD 06. Jan 1992
DB LCJ Common Shares Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK SKLK.Y SPONSORED ADR Pink Sheets LLC US USD 25. Jun 2004
Number of employees
Current staff
Staff numbers
5,302
Shinsei Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 23:52
End of day share price update: 2019/04/09 00:00
Last estimates confirmation: 2019/04/05
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.