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Zojirushi

OTCPK:ZOJI.F
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZOJI.F
OTCPK
¥79B
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Zojirushi Corporation manufactures and sells household products worldwide. The last earnings update was 25 days ago. More info.


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ZOJI.F Share Price and Events
Price Volatility
ZOJI.F
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is Zojirushi 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 Zojirushi 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 Zojirushi.

OTCPK:ZOJI.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

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:ZOJI.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.8
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.802 (1 + (1- 30.86%) (1.9%))
0.813
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.813 * 7.05%)
8.68%

Discounted Cash Flow Calculation for OTCPK:ZOJI.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Zojirushi is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:ZOJI.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (JPY, Millions) 4,400.00 4,500.00 5,100.00 5,300.00 5,540.01
Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Est @ 4.53%
Present Value
Discounted (@ 8.68%)
4,048.57 3,809.88 3,973.00 3,799.04 3,653.91
Present value of next 5 years cash flows ¥19,284.40
OTCPK:ZOJI.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ¥5,540.01 × (1 + 2.95%) ÷ (8.68% – 2.95%)
¥99,532.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ¥99,532.50 ÷ (1 + 8.68%)5
¥65,646.60
OTCPK:ZOJI.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ¥19,284.40 + ¥65,646.60
¥84,931.01
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥84,931.01 / 67.59
¥13.67
OTCPK:ZOJI.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:ZOJI.F represents 0.01088x of TSE:7965
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.01088x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,256.64 x 0.01088
$13.67
Value per share (USD) From above. $13.67
Current discount Discount to share price of $12.71
= -1 x ($12.71 - $13.67) / $13.67
7.1%

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

Current Discount
Amount off the current price Zojirushi is available for.
Intrinsic value
7%
Share price is $12.71 vs Future cash flow value of $13.67
Current Discount Checks
For Zojirushi to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Zojirushi's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Zojirushi's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Zojirushi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zojirushi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ZOJI.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-08-20) in JPY ¥72.32
TSE:7965 Share Price ** TSE (2018-07-31) in JPY ¥1168
United States of America Consumer Durables Industry PE Ratio Median Figure of 44 Publicly-Listed Consumer Durables Companies 11.31x
United States of America Market PE Ratio Median Figure of 2,953 Publicly-Listed Companies 18.09x

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

** Primary Listing of Zojirushi.

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

= TSE:7965 Share Price ÷ EPS (both in JPY)

= 1168 ÷ 72.32

16.15x

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

  • Zojirushi is overvalued based on earnings compared to the US Consumer Durables industry average.
  • Zojirushi is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Zojirushi's expected growth come at a high price?
Raw Data
OTCPK:ZOJI.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
5.3%per year
United States of America Consumer Durables Industry PEG Ratio Median Figure of 34 Publicly-Listed Consumer Durables Companies 0.79x
United States of America Market PEG Ratio Median Figure of 2,071 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.15x ÷ 5.3%

3.02x

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

  • Zojirushi is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Zojirushi's assets?
Raw Data
OTCPK:ZOJI.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-08-20) in JPY ¥1,010.05
TSE:7965 Share Price * TSE (2018-07-31) in JPY ¥1168
United States of America Consumer Durables Industry PB Ratio Median Figure of 68 Publicly-Listed Consumer Durables Companies 1.21x
United States of America Market PB Ratio Median Figure of 4,958 Publicly-Listed Companies 1.83x
OTCPK:ZOJI.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7965 Share Price ÷ Book Value per Share (both in JPY)

= 1168 ÷ 1,010.05

1.16x

* Primary Listing of Zojirushi.

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

  • Zojirushi is good value based on assets compared to the US Consumer Durables industry average.
X
Value checks
We assess Zojirushi'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Zojirushi has a total score of 2/6, 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 Zojirushi expected to perform in the next 1 to 3 years based on estimates from 2 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
5.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zojirushi expected to grow at an attractive rate?
  • Zojirushi's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Zojirushi's earnings growth is positive but not above the United States of America market average.
  • Zojirushi's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ZOJI.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ZOJI.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 5.3%
OTCPK:ZOJI.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.8%
United States of America Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15.1%
United States of America Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 7.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 15.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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:ZOJI.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ZOJI.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-11-30 94,500 7,300 5,900 1
2021-11-30 92,000 7,100 5,600 1
2020-11-30 88,150 6,500 5,700 2
2019-11-30 85,900 6,400 5,300 2
2018-11-30 84,000 7,002 4,700 2
OTCPK:ZOJI.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-08-20 84,556 4,887
2018-05-20 84,827 5,836 4,762
2018-02-20 85,465 4,814
2017-11-20 85,363 6,636 5,338
2017-08-20 85,131 6,079
2017-05-20 85,677 8,657 6,541
2017-02-20 87,446 7,181
2016-11-20 89,231 8,016 7,299
2016-08-20 91,464 6,540
2016-05-20 92,623 6,393 6,836
2016-02-20 92,313 6,906
2015-11-20 89,796 6,702 6,314

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Zojirushi's earnings are expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
  • Zojirushi's revenue is expected to grow by 2.8% 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:ZOJI.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Zojirushi Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ZOJI.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-11-30 87.30 87.30 87.30 1.00
2021-11-30 82.90 82.90 82.90 1.00
2020-11-30 84.38 91.76 77.00 2.00
2019-11-30 78.43 84.36 72.50 2.00
2018-11-30 69.57 71.04 68.10 2.00
OTCPK:ZOJI.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-08-20 72.32
2018-05-20 70.47
2018-02-20 71.25
2017-11-20 79.00
2017-08-20 89.97
2017-05-20 96.81
2017-02-20 106.28
2016-11-20 108.02
2016-08-20 96.79
2016-05-20 101.17
2016-02-20 102.20
2015-11-20 93.44

*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.
  • Zojirushi is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Zojirushi'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.
Zojirushi has a total score of 1/6, see the detailed checks below.

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

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

Past Performance

  How has Zojirushi 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 Zojirushi's growth in the last year to its industry (Consumer Durables).
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.
  • Zojirushi's year on year earnings growth rate has been positive over the past 5 years.
  • Zojirushi's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Zojirushi's 1-year earnings growth is negative, it can't be compared to the US Consumer Durables industry average.
Earnings and Revenue History
Zojirushi'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 Zojirushi Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ZOJI.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-08-20 84,556.00 4,887.00 21,065.00
2018-05-20 84,827.00 4,762.00 20,847.00
2018-02-20 85,465.00 4,814.00 20,629.00
2017-11-20 85,363.00 5,338.00 20,699.00
2017-08-20 85,131.00 6,079.00 20,692.00
2017-05-20 85,677.00 6,541.00 20,502.00
2017-02-20 87,446.00 7,181.00 20,542.00
2016-11-20 89,231.00 7,299.00 20,274.00
2016-08-20 91,464.00 6,540.00 20,877.00
2016-05-20 92,623.00 6,836.00 20,770.00
2016-02-20 92,313.00 6,906.00 20,458.00
2015-11-20 89,796.00 6,314.00 20,046.00
2015-08-20 87,038.00 6,180.00 19,326.00
2015-05-20 82,656.00 5,751.00 18,765.00
2015-02-20 79,847.00 4,575.00 18,449.00
2014-11-20 76,815.00 3,761.00 18,171.00
2014-08-20 75,100.00 3,356.00 17,382.00
2014-05-20 74,104.00 2,683.00 17,266.00
2014-02-20 71,314.00 2,400.00 16,997.00
2013-11-20 66,687.00 1,603.00 16,681.00
2013-08-20 64,805.00 1,444.00 16,853.00
2013-05-20 63,973.00 1,925.00 16,479.00
2013-02-20 63,505.00 3,946.00 16,228.00
2012-11-20 62,941.00 4,079.00 15,880.00
2012-08-20 62,391.00 3,887.00 16,032.00
2012-05-20 62,508.00 3,813.00 15,942.00
2012-02-20 62,488.00 2,005.00 16,064.00
2011-11-20 60,769.00 1,919.00 15,880.00

*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.
  • Zojirushi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Zojirushi used its assets less efficiently than the US Consumer Durables industry average last year based on Return on Assets.
  • Zojirushi's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Zojirushi'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 Consumer Durables 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.
Zojirushi 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 Zojirushi'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 Zojirushi's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zojirushi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Zojirushi's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Zojirushi'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.
  • Debt is covered by short term assets, assets are 43.7x debt.
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 Zojirushi Company Filings, last reported 2 months ago.

OTCPK:ZOJI.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-08-20 68,910.00 1,500.00 29,816.00
2018-05-20 70,037.00 1,500.00 32,917.00
2018-02-20 70,016.00 3,000.00 29,637.00
2017-11-20 67,670.00 3,000.00 28,418.00
2017-08-20 65,555.00 3,000.00 29,913.00
2017-05-20 66,344.00 3,000.00 32,484.00
2017-02-20 65,488.00 3,097.00 27,559.00
2016-11-20 61,144.00 3,174.00 23,855.00
2016-08-20 59,841.00 3,234.00 25,292.00
2016-05-20 61,586.00 3,255.00 27,473.00
2016-02-20 60,594.00 3,267.00 24,011.00
2015-11-20 58,812.00 3,263.00 22,448.00
2015-08-20 58,446.00 3,289.00 24,564.00
2015-05-20 58,161.00 3,000.00 26,398.00
2015-02-20 56,147.00 3,000.00 20,143.00
2014-11-20 52,562.00 3,000.00 17,536.00
2014-08-20 50,292.00 3,146.00 19,464.00
2014-05-20 50,377.00 3,149.00 19,830.00
2014-02-20 49,995.00 3,156.00 13,854.00
2013-11-20 48,071.00 3,143.00 13,072.00
2013-08-20 47,340.00 3,144.00 15,327.00
2013-05-20 48,121.00 3,136.00 16,792.00
2013-02-20 46,696.00 3,225.00 13,430.00
2012-11-20 44,460.00 3,210.00 12,225.00
2012-08-20 44,087.00 3,212.00 13,420.00
2012-05-20 44,421.00 3,217.00 15,468.00
2012-02-20 41,901.00 3,331.00 12,250.00
2011-11-20 40,573.00 3,273.00 11,693.00
  • Zojirushi's level of debt (2.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (6.6% vs 2.2% today).
  • Debt is well covered by operating cash flow (389.1%, greater than 20% of total debt).
  • Zojirushi earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Zojirushi'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. Zojirushi 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 Zojirushi'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
1.88%
Current annual income from Zojirushi dividends. Estimated to be 2.7% next year.
If you bought $2,000 of Zojirushi shares you are expected to receive $38 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?
  • Zojirushi's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Zojirushi's dividend is below the markets top 25% of dividend payers in United States of America (3.58%).
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:ZOJI.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 2 Analyst Estimates (S&P Global) See Below
United States of America Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1976 Stocks 2.6%
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:ZOJI.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-11-30 36.00 1.00
2021-11-30 34.00 1.00
2020-11-30 31.00 2.00
2019-11-30 30.00 2.00
2018-11-30 30.00 2.00
OTCPK:ZOJI.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-10-03 22.000 1.669
2018-10-01 22.000 1.535
2018-07-02 22.000 1.500
2018-06-28 22.000 1.585
2018-02-20 22.000 1.486
2017-12-25 22.000 1.716
2017-07-03 22.000 2.053
2017-04-06 22.000 1.616
2017-03-31 22.000 1.491
2017-02-20 22.000 1.434
2016-12-26 22.000 1.437
2016-02-19 20.000 1.208
2015-12-25 20.000 1.278
2015-10-02 16.000 0.925
2015-07-03 16.000 0.916
2015-06-29 16.000 0.818
2015-02-20 10.000 0.736
2014-12-25 10.000 1.322
2014-10-03 10.000 1.401
2014-09-29 10.000 1.487
2014-07-04 10.000 1.961
2014-06-30 10.000 2.181
2014-02-19 8.000 2.206
2013-12-25 8.000 2.194
2013-02-20 8.000 2.294
2012-12-26 8.000 2.734
2012-07-02 7.000 2.553
2012-03-26 7.000 2.555
2012-02-17 7.000 2.444
2011-12-26 7.000 2.605
2011-10-04 8.000 3.271
2011-09-29 8.000 2.925
2011-07-04 6.000 2.227
2011-06-30 8.000 3.409
2011-02-18 6.000 2.750
2010-12-27 6.000 2.628
2010-10-04 6.000 2.931
2010-09-29 6.000 2.869
2010-07-02 6.000 2.827
2010-06-28 6.000 2.771
2010-02-19 6.000 2.842
2009-12-25 6.000 3.286
2009-10-02 6.000 3.507
2009-09-28 6.000 3.033
2009-07-03 6.000 2.707
2009-06-29 6.000 3.001
2009-02-20 6.000 4.042
2008-10-29 6.000 3.749

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Zojirushi's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x 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 Zojirushi'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 Zojirushi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zojirushi has a total score of 3/6, 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 Zojirushi'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
Norio Ichikawa
AGE 60
TENURE AS CEO 17.7 years
CEO Bio

Norio Ichikawa has been President of Zojirushi Corporation since February 2001 and has been its General Manager of Sales Division since February 2010. Norio Ichikawa has been President of Zojirushi-Simatelex Company Limited since February 2005. Norio Ichikawa joined Zojirushi Corporation in April 1981 and served as its General Manager, Product 1st Development Division since February 1997. Norio Ichikawa has been Representative Director of Zojirushi Corporation since February 2001.

CEO Compensation
  • Insufficient data for Norio to compare compensation growth.
  • Insufficient data for Norio 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 Zojirushi management team in years:

10.4
Average Tenure
60
Average Age
  • The average tenure for the Zojirushi management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Norio Ichikawa

TITLE
President and Representative Director
AGE
60
TENURE
17.7 yrs

Hiroki Nakatake

TITLE
Chief of Special Equipment Planning Office

Osamu Sanada

TITLE
Executive Officer

Masakiyo Iida

TITLE
Senior MD
AGE
63
TENURE
9.9 yrs

Toshiro Nakamori

TITLE
Deputy GM - Domestic Mktg Division
AGE
63
TENURE
10.9 yrs

Yoshihiko Miyakoshi

TITLE
GM - International Mktg Division
AGE
57
TENURE
6.9 yrs

Tatsunori Matsumoto

TITLE
General Manager of Domestic Marketing Division
AGE
57
TENURE
10.9 yrs

Hiroaki Jikyo

TITLE
General Manager of Production Development Division and Director
AGE
60
TENURE
8.9 yrs

Masao Uwa

TITLE
Executive Officer

Jun Oogami

TITLE
Executive Officer and Manager of Marketing Planning Department
Board of Directors Tenure

Average tenure and age of the Zojirushi board of directors in years:

7.7
Average Tenure
60
Average Age
  • The tenure for the Zojirushi board of directors is about average.
Board of Directors

Norio Ichikawa

TITLE
President and Representative Director
AGE
60
TENURE
17.7 yrs

Masakiyo Iida

TITLE
Senior MD
AGE
63
TENURE
9.7 yrs

Toshiro Nakamori

TITLE
Deputy GM - Domestic Mktg Division
AGE
63
TENURE
7.7 yrs

Yoshihiko Miyakoshi

TITLE
GM - International Mktg Division
AGE
57
TENURE
6.7 yrs

Tatsunori Matsumoto

TITLE
General Manager of Domestic Marketing Division
AGE
57
TENURE
8.7 yrs

Hiroaki Jikyo

TITLE
General Manager of Production Development Division and Director
AGE
60
TENURE
7.7 yrs

Naoki Takagishi

TITLE
External Director
AGE
54
TENURE
3.7 yrs

Masahiro Yoshida

TITLE
Director
AGE
64
TENURE
5.7 yrs

Hiromi Izumi

TITLE
External Director
AGE
60
TENURE
2.9 yrs

Yoshinori Satoi

TITLE
External Auditor
AGE
56
TENURE
12.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price (JPY) Value (JPY)
X
Management checks
We assess Zojirushi'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. Zojirushi 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

External News
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Company Info

Map
Description

Zojirushi Corporation manufactures and sells household products worldwide. Its products include cooking appliances, such as hot plates, toaster ovens, coffee machines, and bread machines; household and thermal products, including vacuum bottles, stainless steel pots, portable gas ranges, drink dispensers for use in hotels and restaurants, thermally insulated pitchers, and other products; and household appliances, such as humidifiers. The company was founded in 1918 and is based in Osaka, Japan.

Details
Name: Zojirushi Corporation
ZOJI.F
Exchange: OTCPK
Founded: 1918
¥707,634,080
67,585,719
Website: http://www.zojirushi.co.jp
Address: Zojirushi Corporation
19-9, 1-Chome Tenma,
Kita-ku,
Osaka,
530-0043,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7965 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK ZOJI.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
Number of employees
Current staff
Staff numbers
1,325
Zojirushi employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/28 21:20
End of day share price update: 2018/07/31 00:00
Last estimates confirmation: 2018/10/25
Last earnings filing: 2018/10/03
Last earnings reported: 2018/08/20
Last annual earnings reported: 2017/11/20


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.