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Meiji Holdings

OTCPK:MEJH.Y
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MEJH.Y
OTCPK
¥1,178B
Market Cap
  1. Home
  2. US
  3. Food, Beverage & Tobacco
Company description

Meiji Holdings Co., Ltd., through its subsidiaries, manufactures and sells dairy products, confectioneries, nutritionals, and pharmaceuticals in Japan and internationally. The last earnings update was 11 days ago. More info.


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MEJH.Y Share Price and Events
7 Day Returns
0%
OTCPK:MEJH.Y
-0.5%
US Food
0.2%
US Market
1 Year Returns
-
OTCPK:MEJH.Y
3.8%
US Food
2.9%
US Market
MEJH.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Meiji Holdings (MEJH.Y) 0% -10.1% - - -18.1% -
US Food -0.5% 1.3% 1.9% 3.8% -11.1% 20.8%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • No trading data on MEJH.Y.
  • No trading data on MEJH.Y.
Price Volatility
MEJH.Y
Industry
5yr Volatility vs Market
Related Companies

MEJH.Y Value

 Is Meiji Holdings 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 Meiji Holdings 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 Meiji Holdings.

OTCPK:MEJH.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
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:MEJH.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.537 (1 + (1- 30.86%) (9.88%))
0.715
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for OTCPK:MEJH.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Meiji Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:MEJH.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.5%)
2019 10,612.67 Analyst x3 9,872.43
2020 29,626.00 Analyst x2 25,637.30
2021 49,555.33 Analyst x3 39,892.32
2022 52,199.00 Analyst x1 39,089.55
2023 58,332.00 Analyst x1 40,635.44
2024 63,344.06 Est @ 8.59% 41,049.09
2025 67,672.74 Est @ 6.83% 40,795.39
2026 71,464.12 Est @ 5.6% 40,076.06
2027 74,852.07 Est @ 4.74% 39,048.14
2028 77,949.10 Est @ 4.14% 37,827.47
Present value of next 10 years cash flows ¥353,923.17
OTCPK:MEJH.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥77,949.10 × (1 + 2.73%) ÷ (7.5% – 2.73%)
¥1,679,469.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥1,679,469.57 ÷ (1 + 7.5%)10
¥815,020.05
OTCPK:MEJH.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥353,923.17 + ¥815,020.05
¥1,168,943.23
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥1,168,943.23 / 145.03
¥8059.83
OTCPK:MEJH.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:MEJH.Y represents 0.00223x of TSE:2269
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00223x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 8,059.83 x 0.00223
$17.96
Value per share (USD) From above. $17.96
Current discount Discount to share price of $18.09
= -1 x ($18.09 - $17.96) / $17.96
-0.7%

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

  • The current share price of Meiji Holdings 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 Meiji Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Meiji Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MEJH.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥426.61
TSE:2269 Share Price ** TSE (2019-05-13) in JPY ¥8120
United States of America Food Industry PE Ratio Median Figure of 42 Publicly-Listed Food Companies 23.81x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

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

** Primary Listing of Meiji Holdings.

OTCPK:MEJH.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:2269 Share Price ÷ EPS (both in JPY)

= 8120 ÷ 426.61

19.03x

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

  • Meiji Holdings is good value based on earnings compared to the US Food industry average.
  • Meiji Holdings is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Meiji Holdings's expected growth come at a high price?
Raw Data
OTCPK:MEJH.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
6.1%per year
United States of America Food Industry PEG Ratio Median Figure of 30 Publicly-Listed Food Companies 1.61x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

OTCPK:MEJH.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.03x ÷ 6.1%

3.14x

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

  • Meiji Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Meiji Holdings's assets?
Raw Data
OTCPK:MEJH.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥3,635.79
TSE:2269 Share Price * TSE (2019-05-13) in JPY ¥8120
United States of America Food Industry PB Ratio Median Figure of 71 Publicly-Listed Food Companies 1.97x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
OTCPK:MEJH.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2269 Share Price ÷ Book Value per Share (both in JPY)

= 8120 ÷ 3,635.79

2.23x

* Primary Listing of Meiji Holdings.

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

  • Meiji Holdings is overvalued based on assets compared to the US Food industry average.
X
Value checks
We assess Meiji Holdings'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Meiji Holdings has a total score of 1/6, 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.

MEJH.Y Future Performance

 How is Meiji Holdings expected to perform in the next 1 to 3 years based on estimates from 9 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
6.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Meiji Holdings expected to grow at an attractive rate?
  • Meiji Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Meiji Holdings's earnings growth is positive but not above the United States of America market average.
  • Meiji Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:MEJH.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:MEJH.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 6.1%
OTCPK:MEJH.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 0.8%
United States of America Food Industry Earnings Growth Rate Market Cap Weighted Average 18.8%
United States of America Food Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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:MEJH.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:MEJH.Y Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 1,282,650 142,053 79,100 2
2022-03-31 1,291,550 132,513 74,390 4
2021-03-31 1,289,351 128,481 72,202 9
2020-03-31 1,281,688 142,785 68,830 8
OTCPK:MEJH.Y Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 1,254,380 112,100 61,868
2018-12-31 1,254,734 72,451
2018-09-30 1,241,337 108,422 68,161
2018-06-30 1,235,920 61,360
2018-03-31 1,240,860 108,775 61,278
2017-12-31 1,245,217 65,241
2017-09-30 1,247,185 96,921 67,898
2017-06-30 1,242,739 61,109
2017-03-31 1,242,480 81,888 60,786
2016-12-31 1,243,471 57,640
2016-09-30 1,238,232 90,882 53,771
2016-06-30 1,231,633 57,025

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Meiji Holdings's earnings are expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
  • Meiji Holdings's revenue is expected to grow by 0.8% 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:MEJH.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Meiji Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MEJH.Y Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 558.30 606.40 510.20 2.00
2022-03-31 518.63 568.80 491.40 3.00
2021-03-31 499.51 534.40 471.41 8.00
2020-03-31 473.42 499.90 459.00 8.00
OTCPK:MEJH.Y Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 426.61
2018-12-31 499.61
2018-09-30 470.05
2018-06-30 423.17
2018-03-31 422.15
2017-12-31 447.98
2017-09-30 464.46
2017-06-30 416.43
2017-03-31 413.11
2016-12-31 391.52
2016-09-30 365.24
2016-06-30 387.34

*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.
  • Meiji Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Meiji Holdings'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.
Meiji Holdings 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.

MEJH.Y Past Performance

  How has Meiji Holdings 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 Meiji Holdings's growth in the last year to its industry (Food).
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.
  • Meiji Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Meiji Holdings's 1-year earnings growth is less than its 5-year average (1% vs 18.8%)
  • Meiji Holdings's earnings growth has exceeded the US Food industry average in the past year (1% vs -17.9%).
Earnings and Revenue History
Meiji Holdings'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 Meiji Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MEJH.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,254,380.00 61,868.00 358,185.00
2018-12-31 1,254,734.00 72,451.00 356,012.00
2018-09-30 1,241,337.00 68,161.00 358,217.00
2018-06-30 1,235,920.00 61,360.00 357,836.00
2018-03-31 1,240,860.00 61,278.00 358,265.00
2017-12-31 1,245,217.00 65,241.00 362,261.00
2017-09-30 1,247,185.00 67,898.00 362,677.00
2017-06-30 1,242,739.00 61,109.00 368,348.00
2017-03-31 1,242,480.00 60,786.00 370,870.00
2016-12-31 1,243,471.00 57,640.00 372,052.00
2016-09-30 1,238,232.00 53,771.00 370,572.00
2016-06-30 1,231,633.00 57,025.00 365,860.00
2016-03-31 1,223,746.00 62,580.00 365,888.00
2015-12-31 1,206,725.00 52,531.00 361,336.00
2015-09-30 1,194,229.00 51,423.00 357,477.00
2015-06-30 1,180,664.00 45,750.00 355,690.00
2015-03-31 1,161,152.00 30,891.00 350,039.00
2014-12-31 1,154,433.00 29,594.00 350,243.00
2014-09-30 1,144,345.00 21,868.00 350,324.00
2014-06-30 1,147,096.00 19,909.00 352,577.00
2014-03-31 1,148,076.00 19,060.00 354,835.00
2013-12-31 1,135,887.00 24,018.00 348,919.00
2013-09-30 1,128,228.00 21,171.00 349,162.00
2013-06-30 1,126,767.00 21,272.00 350,347.00
2013-03-31 1,126,520.00 16,646.00 351,562.00
2012-12-31 1,124,050.00 8,395.00 353,081.00
2012-09-30 1,122,403.00 9,711.00 350,681.00
2012-06-30 1,122,020.00 6,737.00 349,267.00

*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.
  • Meiji Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Meiji Holdings used its assets more efficiently than the US Food industry average last year based on Return on Assets.
  • Meiji Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Meiji Holdings'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 Food 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.
Meiji Holdings has a total score of 4/6, 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.

MEJH.Y Health

 How is Meiji Holdings'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 Meiji Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Meiji Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Meiji Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Meiji Holdings'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 3.6x 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 Meiji Holdings Company Filings, last reported 1 month ago.

OTCPK:MEJH.Y Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 560,630.00 116,385.00 25,356.00
2018-12-31 562,761.00 147,661.00 22,417.00
2018-09-30 552,863.00 136,757.00 22,829.00
2018-06-30 502,704.00 147,121.00 22,973.00
2018-03-31 495,175.00 119,102.00 27,613.00
2017-12-31 488,454.00 153,489.00 22,636.00
2017-09-30 469,650.00 139,647.00 18,674.00
2017-06-30 454,611.00 155,502.00 22,213.00
2017-03-31 457,190.00 129,497.00 24,761.00
2016-12-31 442,950.00 147,298.00 22,313.00
2016-09-30 420,833.00 144,450.00 22,153.00
2016-06-30 419,303.00 157,203.00 22,358.00
2016-03-31 419,152.00 147,828.00 31,883.00
2015-12-31 425,578.00 175,524.00 22,177.00
2015-09-30 407,191.00 179,601.00 21,434.00
2015-06-30 399,443.00 200,384.00 26,236.00
2015-03-31 380,301.00 221,479.00 22,489.00
2014-12-31 363,255.00 200,906.00 15,408.00
2014-09-30 340,652.00 196,613.00 18,213.00
2014-06-30 333,302.00 207,947.00 18,821.00
2014-03-31 328,121.00 198,375.00 19,577.00
2013-12-31 341,741.00 211,415.00 17,500.00
2013-09-30 333,856.00 205,571.00 14,557.00
2013-06-30 328,386.00 223,084.00 17,344.00
2013-03-31 320,609.00 205,393.00 16,902.00
2012-12-31 307,197.00 209,930.00 16,059.00
2012-09-30 301,089.00 204,087.00 14,209.00
2012-06-30 298,790.00 213,846.00 13,963.00
  • Meiji Holdings's level of debt (20.8%) 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 (60.5% vs 20.8% today).
  • Debt is well covered by operating cash flow (96.3%, greater than 20% of total debt).
  • Meiji Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Meiji Holdings'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. Meiji Holdings 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.

MEJH.Y Dividends

 What is Meiji Holdings'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
1.72%
Current annual income from Meiji Holdings dividends. Estimated to be 1.89% next year.
If you bought $2,000 of Meiji Holdings shares you are expected to receive $34 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?
  • Meiji Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Meiji Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.7%).
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:MEJH.Y 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 9 Analyst Estimates (S&P Global) See Below
United States of America Food Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
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 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:MEJH.Y Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 171.50 2.00
2022-03-31 166.33 3.00
2021-03-31 151.67 9.00
2020-03-31 143.33 6.00
OTCPK:MEJH.Y Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-13 140.000 1.735
2019-02-07 130.000 1.484
2018-11-07 130.000 1.494
2018-08-07 130.000 1.727
2018-06-28 130.000 1.451
2018-05-11 130.000 1.404
2018-02-07 115.000 1.412
2017-06-29 115.000 1.252
2017-05-12 115.000 1.239
2017-02-07 90.000 0.973
2016-11-09 90.000 1.004
2016-06-29 90.000 0.892
2016-05-11 90.000 0.898
2016-02-05 55.000 0.613
2015-11-10 55.000 0.564
2015-08-05 55.000 0.599
2015-06-26 60.000 0.718
2015-05-12 55.000 0.760
2015-02-09 40.000 0.561
2015-02-06 40.000 0.640
2014-11-12 40.000 0.715
2014-11-11 40.000 0.831
2014-06-27 40.000 0.986
2014-05-13 40.000 1.224
2014-02-14 40.000 1.269
2014-02-13 40.000 1.244
2013-11-12 40.000 1.281
2013-06-27 40.000 1.566
2013-05-14 40.000 1.778
2013-02-14 40.000 1.904
2013-02-13 40.000 2.046
2012-11-14 40.000 2.111
2012-11-13 40.000 2.224
2012-08-13 40.000 2.171
2012-06-28 40.000 2.246
2012-02-14 40.000 2.318
2012-02-13 40.000 2.374
2011-11-11 40.000 2.470
2011-11-10 40.000 2.417
2011-08-10 40.000 2.327
2011-06-29 40.000 2.359
2011-05-12 40.000 2.397
2011-02-14 40.000 2.273
2011-02-10 40.000 2.094
2010-11-12 40.000 2.147
2010-11-11 40.000 2.167
2010-08-11 40.000 2.076
2010-06-29 40.000 2.153
2010-05-13 40.000 2.278
2010-02-10 40.000 2.253
2009-11-12 40.000 2.317
2009-08-11 40.000 2.144

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Meiji Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (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 Meiji Holdings'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 Meiji Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Meiji Holdings has a total score of 4/6, see the detailed checks below.


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

MEJH.Y Management

 What is the CEO of Meiji Holdings'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
Kazuo Kawamura
COMPENSATION ¥112,000,000
AGE 65
TENURE AS CEO 0.9 years
CEO Bio

Mr. Kazuo Kawamura has been President of Meiji Holdings Co., Ltd. since June 2018. Mr. Kawamura served as President at Meiji Co., Ltd. since June 2012 until June 2018. Mr. Kawamura serves as Director of Meiji Seika Pharma Co., Ltd since June 2018. He joined Meiji Holdings Co., Ltd. in 1976. He has Experience and achievement in areas such as Corporate Development, Sales and PR. He serves as Executive Officer of Nutritionals Sales Division at Meiji Dairies. Mr. Kawamura served as General Manager of Nutritionals Consolidated Marketing Division at Meiji Co., Ltd. since April 2007. He is a Director of Meiji Co., Ltd. He has been Representative Director at Meiji Holdings Co., Ltd. since June 2012.

CEO Compensation
  • Kazuo's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kazuo's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Meiji Holdings management team in years:

4.9
Average Tenure
  • The tenure for the Meiji Holdings management team is about average.
Management Team

Kazuo Kawamura

TITLE
President & Representative Director
COMPENSATION
¥112M
AGE
65
TENURE
0.9 yrs

Koichiro Shiozaki

TITLE
GM of Financial & Accounting Dept.
TENURE
3.9 yrs

Jun Furuta

TITLE
Managing Executive Officer
TENURE
4.9 yrs

Michiro Saza

TITLE
Sr. Managing Exec. Officer of Corp. Dev. Dept.
TENURE
10.1 yrs

Shuichi Iwashita

TITLE
GM of HR & General Affairs Department
TENURE
4.9 yrs
Board of Directors Tenure

Average tenure and age of the Meiji Holdings board of directors in years:

4.4
Average Tenure
72
Average Age
  • The tenure for the Meiji Holdings board of directors is about average.
Board of Directors

Masahiko Matsuo

TITLE
Chairman of the Board
COMPENSATION
¥130M
AGE
72
TENURE
0.9 yrs

Kazuo Kawamura

TITLE
President & Representative Director
COMPENSATION
¥112M
AGE
65
TENURE
6.9 yrs

Koichiro Shiozaki

TITLE
GM of Financial & Accounting Dept.
TENURE
3.9 yrs

Jun Furuta

TITLE
Managing Executive Officer
TENURE
4.9 yrs

Michiro Saza

TITLE
Sr. Managing Exec. Officer of Corp. Dev. Dept.
TENURE
6.9 yrs

Shuichi Iwashita

TITLE
GM of HR & General Affairs Department
TENURE
4.9 yrs

Daikichiro Kobayashi

TITLE
Director
TENURE
4.9 yrs

Tohru Murayama

TITLE
Independent Director
TENURE
2.8 yrs

Tomochika Iwashita

TITLE
Independent Director
AGE
72
TENURE
2.8 yrs

Katsunari Matsuda

TITLE
Director
TENURE
0.9 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 Meiji Holdings'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. Meiji Holdings 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.

MEJH.Y News

Simply Wall St News

MEJH.Y Company Info

Description

Meiji Holdings Co., Ltd., through its subsidiaries, manufactures and sells dairy products, confectioneries, nutritionals, and pharmaceuticals in Japan and internationally. It operates through Food and Pharmaceuticals segments. The company’s products include drinking milk, yogurt, cheese, ice creams, chocolates, and whey protein. It also provides infant formula, enteral formula, and beauty supplement products. In addition, the company engages in the manufacture and sale of ethical pharmaceuticals for the treatment of infectious diseases and central nervous system disorders, as well as generic drugs, etc.; and agricultural chemicals and veterinary drugs. Meiji Holdings Co., Ltd. was founded in 1906 and is headquartered in Tokyo, Japan.

Details
Name: Meiji Holdings Co., Ltd.
MEJH.Y
Exchange: OTCPK
Founded: 1906
¥10,738,306,698
145,033,263
Website: http://www.meiji.com
Address: Meiji Holdings Co., Ltd.
2-4-16, Kyobashi,
Chuo-ku,
Tokyo,
104-0031,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2269 Common Shares The Tokyo Stock Exchange JP JPY 31. Mar 2009
OTCPK MEJH.F Common Shares Pink Sheets LLC US USD 31. Mar 2009
DB 3M0 Common Shares Deutsche Boerse AG DE EUR 31. Mar 2009
OTCPK MEJH.Y ADR Pink Sheets LLC US USD 08. Oct 2012
Number of employees
Current staff
Staff numbers
16,296
Meiji Holdings employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 00:31
End of day share price update: 2019/05/13 00:00
Last estimates confirmation: 2019/05/22
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.