OTCPK:ZOJI.F

Stock Analysis Report

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Executive Summary

Zojirushi Corporation manufactures and sells household products in Japan and other Asian countries, North America, and internationally.

Rewards

Earnings are forecast to grow 12.57% per year

Risk Analysis

No risks detected for ZOJI.F from our risk checks.


Snowflake Analysis

Flawless balance sheet with acceptable track record.

Share Price & News

How has Zojirushi's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ZOJI.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

ZOJI.F

7.1%

US Consumer Durables

2.5%

US Market


1 Year Return

n/a

ZOJI.F

9.6%

US Consumer Durables

8.4%

US Market

Return vs Industry: Insufficient data to determine how ZOJI.F performed against the US Consumer Durables industry.

Return vs Market: Insufficient data to determine how ZOJI.F performed against the US Market.


Shareholder returns

ZOJI.FIndustryMarket
7 Day0%7.1%2.5%
30 Day0%15.4%5.1%
90 Dayn/a-3.1%2.0%
1 Yearn/a10.9%9.6%10.9%8.4%
3 Year23.5%23.5%-2.1%-6.5%30.5%21.9%
5 Yearn/a10.8%4.1%56.9%39.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Zojirushi undervalued compared to its fair value and its price relative to the market?

28.37x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ZOJI.F ($15) is trading above our estimate of fair value ($8.56)

Significantly Below Fair Value: ZOJI.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ZOJI.F is poor value based on its PE Ratio (27.6x) compared to the Consumer Durables industry average (10x).

PE vs Market: ZOJI.F is poor value based on its PE Ratio (27.6x) compared to the US market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: ZOJI.F is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: ZOJI.F is overvalued based on its PB Ratio (1.5x) compared to the US Consumer Durables industry average (1.3x).


Next Steps

Future Growth

How is Zojirushi forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

12.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZOJI.F's forecast earnings growth (12.6% per year) is above the savings rate (2.2%).

Earnings vs Market: ZOJI.F's earnings (12.6% per year) are forecast to grow slower than the US market (21.6% per year).

High Growth Earnings: ZOJI.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: ZOJI.F's revenue (4.2% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: ZOJI.F's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ZOJI.F's Return on Equity is forecast to be low in 3 years time (7.1%).


Next Steps

Past Performance

How has Zojirushi performed over the past 5 years?

-10.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZOJI.F has high quality earnings.

Growing Profit Margin: ZOJI.F's current net profit margins (5.2%) are higher than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: ZOJI.F's earnings have declined by -10.5% per year over the past 5 years.

Accelerating Growth: ZOJI.F's earnings growth over the past year (2.8%) exceeds its 5-year average (-10.5% per year).

Earnings vs Industry: ZOJI.F earnings growth over the past year (2.8%) underperformed the Consumer Durables industry 9.8%.


Return on Equity

High ROE: ZOJI.F's Return on Equity (5.7%) is considered low.


Next Steps

Financial Health

How is Zojirushi's financial position?


Financial Position Analysis

Short Term Liabilities: ZOJI.F's short term assets (¥70.4B) exceed its short term liabilities (¥16.0B).

Long Term Liabilities: ZOJI.F's short term assets (¥70.4B) exceed its long term liabilities (¥6.1B).


Debt to Equity History and Analysis

Debt Level: ZOJI.F's debt to equity ratio (2.1%) is considered satisfactory.

Reducing Debt: ZOJI.F's debt to equity ratio has reduced from 5.3% to 2.1% over the past 5 years.

Debt Coverage: ZOJI.F's debt is well covered by operating cash flow (449.3%).

Interest Coverage: ZOJI.F earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Zojirushi's current dividend yield, its reliability and sustainability?

1.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ZOJI.F's dividend (1.58%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.71%).

High Dividend: ZOJI.F's dividend (1.58%) is low compared to the top 25% of dividend payers in the US market (4.54%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43.7%), ZOJI.F'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?

11.5yrs

Average management tenure


CEO

Norio Ichikawa (61yo)

19.17yrs

Tenure

Norio Ichikawa has been President at Zojirushi Corporation since February 2001 and serves as its Chief Executive Officer. Norio Ichikawa served as General Manager of Sales Division at Zojirushi Corporation ...


Leadership Team

NamePositionTenureCompensationOwnership
Norio Ichikawa
President19.17yrsno data12.41% ¥131.4m
Hiroki Nakatake
Chief of Special Equipment Planning Officeno datano datano data
Osamu Sanada
Executive Officerno datano data0.016% ¥166.3k
Yoshihiko Miyakoshi
GM - International Mktg Division8.25yrsno data0.023% ¥238.9k
Tatsunori Matsumoto
General Manager of Domestic Marketing Division10.17yrsno data0.027% ¥289.2k
Hiroaki Jikyo
General Manager of Production Development Division and Director9.17yrsno data0.059% ¥623.0k
Masao Uwa
Executive Officerno datano data0.016% ¥167.7k
Jun Oogami
Executive Officer and Manager of Marketing Planning Department no datano datano data
Masami Fukushima
Executive Officer and Assistant General Manager of Production Development Divisionno datano datano data

11.5yrs

Average Tenure

59.5yo

Average Age

Experienced Management: ZOJI.F's management team is seasoned and experienced (11.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Norio Ichikawa
President19.17yrsno data12.41% ¥131.4m
Yoshihiko Miyakoshi
GM - International Mktg Division8.25yrsno data0.023% ¥238.9k
Tatsunori Matsumoto
General Manager of Domestic Marketing Division10.17yrsno data0.027% ¥289.2k
Hiroaki Jikyo
General Manager of Production Development Division and Director9.17yrsno data0.059% ¥623.0k
Kazuhiro Egawa
External Auditor20.25yrsno datano data
Yoshinori Satoi
External Auditor14.17yrsno datano data
Naoki Takagishi
External Director5.17yrsno data0.021% ¥217.7k
Masahiro Yoshida
Director7.17yrsno datano data
Hiromi Izumi
External Director4.5yrsno data0.0048% ¥51.3k
Yoshitsugu Hirai
Standing Corporate Auditorno datano data0.0025% ¥26.4k

9.2yrs

Average Tenure

61yo

Average Age

Experienced Board: ZOJI.F's board of directors are considered experienced (9.3 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

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


Top Shareholders

Company Information

Zojirushi Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zojirushi Corporation
  • Ticker: ZOJI.F
  • Exchange: OTCPK
  • Founded: 1918
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: JP¥114.046b
  • Listing Market Cap: JP¥1.059b
  • Shares outstanding: 67.60m
  • Website: https://www.zojirushi.co.jp

Number of Employees


Location

  • Zojirushi Corporation
  • 1-20-5, Tenma
  • Kita-ku
  • Osaka
  • 530-8511
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
7965TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
ZOJI.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992

Biography

Zojirushi Corporation manufactures and sells household products in Japan and other Asian countries, North America, and internationally. Its products include cooking appliances, such as rice cookers, electronic pots, hot plates, grills, coffee makers, toaster ovens, induction heating cookers, home bakery appliances, and other products; and 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. The company also provides household appliances, such as air cleaners, humidifiers, dish dryers, bedding dryers, and other products; and industrial machinery products. Zojirushi Corporation was founded in 1918 and is headquartered in Osaka, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 03:53
End of Day Share Price2020/03/10 00:00
Earnings2020/02/20
Annual Earnings2019/11/20


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.