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Japan Display

OTCPK:JNND.F
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JNND.F
OTCPK
¥61B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Japan Display Inc. designs, develops, produces, and sells small-and medium-sized display devices and related products in Japan. The last earnings update was 35 days ago. More info.


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  • Japan Display has significant price volatility in the past 3 months.
JNND.F Share Price and Events
7 Day Returns
4.7%
OTCPK:JNND.F
0.7%
US Electronic
1.2%
US Market
1 Year Returns
-64.9%
OTCPK:JNND.F
-0.3%
US Electronic
3%
US Market
JNND.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Japan Display (JNND.F) 4.7% -1.5% 4% -64.9% - -
US Electronic 0.7% 1.1% 21.2% -0.3% 59.3% 59.2%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • JNND.F underperformed the Electronic industry which returned -0.3% over the past year.
  • JNND.F underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
JNND.F
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is Japan Display 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 Japan Display 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 Japan Display.

OTCPK:JNND.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 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
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:JNND.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 30.86%) (305.04%))
2.561
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

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

The calculations below outline how an intrinsic value for Japan Display 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:JNND.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 14.65%)
2019 -3,066.67 Analyst x3 -2,674.81
2020 -4,556.80 Analyst x5 -3,466.66
2021 1,614.25 Analyst x4 1,071.15
2022 3,800.00 Analyst x1 2,199.31
2023 5,600.00 Analyst x1 2,826.95
2024 7,148.14 Est @ 27.65% 3,147.38
2025 8,589.97 Est @ 20.17% 3,298.93
2026 9,873.18 Est @ 14.94% 3,307.23
2027 10,986.47 Est @ 11.28% 3,209.90
2028 11,943.63 Est @ 8.71% 3,043.66
Present value of next 10 years cash flows ¥15,963.03
OTCPK:JNND.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥11,943.63 × (1 + 2.73%) ÷ (14.65% – 2.73%)
¥102,933.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥102,933.68 ÷ (1 + 14.65%)10
¥26,231.12
OTCPK:JNND.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥15,963.03 + ¥26,231.12
¥42,194.16
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥42,194.16 / 846.17
¥49.87
OTCPK:JNND.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:JNND.F represents 0.00903x of TSE:6740
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00903x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 49.87 x 0.00903
$0.45
Value per share (USD) From above. $0.45
Current discount Discount to share price of $0.65
= -1 x ($0.65 - $0.45) / $0.45
-44.4%

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

  • The current share price of Japan Display 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 Japan Display's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Japan Display's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:JNND.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥-204.80
TSE:6740 Share Price ** TSE (2019-03-15) in JPY ¥72
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.54x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of Japan Display.

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

= TSE:6740 Share Price ÷ EPS (both in JPY)

= 72 ÷ -204.80

-0.35x

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

  • Japan Display is loss making, we can't compare its value to the US Electronic industry average.
  • Japan Display is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Japan Display's expected growth come at a high price?
Raw Data
OTCPK:JNND.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
38.3%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Japan Display, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Japan Display's assets?
Raw Data
OTCPK:JNND.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥121.73
TSE:6740 Share Price * TSE (2019-03-15) in JPY ¥72
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
OTCPK:JNND.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6740 Share Price ÷ Book Value per Share (both in JPY)

= 72 ÷ 121.73

0.59x

* Primary Listing of Japan Display.

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

  • Japan Display is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Japan Display'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Japan Display 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.

Future Performance

 How is Japan Display 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
38.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Japan Display expected to grow at an attractive rate?
  • Unable to compare Japan Display's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Japan Display's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • Japan Display's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:JNND.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:JNND.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 38.3%
OTCPK:JNND.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:JNND.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 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:JNND.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 677,854 53,239 -299 8
2020-03-31 681,265 54,579 -4,089 9
2019-03-31 642,303 7,770 -12,108 7
OTCPK:JNND.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 617,265 -157,481
2018-09-30 557,939 -26,921 -188,721
2018-06-30 632,215 -217,546
2018-03-31 717,522 -754 -247,231
2017-12-31 805,837 -122,873
2017-09-30 887,313 1,015 -82,996
2017-06-30 898,686 -51,348
2017-03-31 884,440 112,004 -31,664
2016-12-31 820,466 -45,653
2016-09-30 852,233 244,480 -48,218
2016-06-30 917,328 -43,151
2016-03-31 989,115 151,442 -31,840

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Japan Display is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Japan Display's revenue is expected to grow by 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:JNND.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 9 Analyst Estimates (S&P Global) See Below

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

OTCPK:JNND.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 -1.29 17.60 -13.65 9.00
2020-03-31 -6.89 16.70 -28.58 10.00
2019-03-31 -28.62 4.46 -126.69 9.00
OTCPK:JNND.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 -204.80
2018-09-30 -266.65
2018-06-30 -336.52
2018-03-31 -411.08
2017-12-31 -204.31
2017-09-30 -138.00
2017-06-30 -85.38
2017-03-31 -52.65
2016-12-31 -75.91
2016-09-30 -80.17
2016-06-30 -71.75
2016-03-31 -52.94

*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.
  • Unable to establish if Japan Display will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Japan Display'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.
Japan Display 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.

Past Performance

  How has Japan Display 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 Japan Display's growth in the last year to its industry (Electronic).
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.
  • Japan Display does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Japan Display's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Japan Display's 1-year growth to the US Electronic industry average as it is not currently profitable.
Earnings and Revenue History
Japan Display'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 Japan Display Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:JNND.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 617,265.00 -157,481.00 38,101.00 11,363.00
2018-09-30 557,939.00 -188,721.00 40,892.00 11,363.00
2018-06-30 632,215.00 -217,546.00 43,276.00 11,363.00
2018-03-31 717,522.00 -247,231.00 47,756.00 11,363.00
2017-12-31 805,837.00 -122,873.00 48,869.00 7,558.00
2017-09-30 887,313.00 -82,996.00 48,573.00 7,558.00
2017-06-30 898,686.00 -51,348.00 46,012.00 7,558.00
2017-03-31 884,440.00 -31,664.00 42,344.00 7,558.00
2016-12-31 820,466.00 -45,653.00 36,127.00 16,955.00
2016-09-30 852,233.00 -48,218.00 34,922.00 16,955.00
2016-06-30 917,328.00 -43,151.00 39,370.00 16,955.00
2016-03-31 989,115.00 -31,840.00 43,174.00 16,955.00
2015-12-31 1,045,429.00 770.00 49,540.00 9,541.00
2015-09-30 991,595.00 15,198.00 48,749.00 9,541.00
2015-06-30 890,270.00 4,103.00 44,833.00 9,541.00
2015-03-31 769,304.00 -12,270.00 41,029.00 9,541.00
2014-12-31 668,540.00 -8,193.00 39,870.00 6,505.00
2014-09-30 579,177.00 -20,407.00 39,074.00 6,505.00
2014-06-30 594,358.00 -7,276.00 37,832.00 6,505.00
2014-03-31 614,567.00 33,919.00 37,156.00 6,505.00
2013-03-31 457,378.00 3,889.00 45,196.00
2012-03-31 133,974.00 -2,560.00 10,555.00

*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.
  • It is difficult to establish if Japan Display has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Japan Display has efficiently used its assets last year compared to the US Electronic industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Japan Display improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Japan Display'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 Electronic 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.
Japan Display has a total score of 0/6, 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 Japan Display'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 Japan Display's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Japan Display's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Japan Display's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Japan Display'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 1.9x 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 Japan Display Company Filings, last reported 2 months ago.

OTCPK:JNND.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 105,145.00 185,843.00 54,352.00
2018-09-30 106,840.00 183,115.00 62,233.00
2018-06-30 114,189.00 175,905.00 78,924.00
2018-03-31 82,044.00 188,062.00 80,866.00
2017-12-31 229,854.00 164,427.00 60,445.00
2017-09-30 262,246.00 153,681.00 66,839.00
2017-06-30 296,787.00 135,250.00 60,935.00
2017-03-31 327,083.00 135,199.00 82,247.00
2016-12-31 354,245.00 93,371.00 82,211.00
2016-09-30 343,583.00 55,312.00 72,714.00
2016-06-30 348,886.00 98,009.00 63,602.00
2016-03-31 365,248.00 77,325.00 55,077.00
2015-12-31 404,945.00 74,230.00 119,973.00
2015-09-30 401,491.00 84,677.00 51,783.00
2015-06-30 403,993.00 74,515.00 66,425.00
2015-03-31 402,624.00 83,513.00 94,643.00
2014-12-31 405,950.00 86,576.00 89,064.00
2014-09-30 380,744.00 96,336.00 71,213.00
2014-06-30 386,490.00 91,187.00 91,232.00
2014-03-31 405,144.00 102,519.00 141,390.00
2013-03-31 252,120.00 66,242.00 69,855.00
2012-03-31 -13,426.00 55,217.00 9,631.00
  • Japan Display's level of debt (176.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (25.5% vs 176.7% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Japan Display has less than a year of cash runway based on current free cash flow.
  • Japan Display has less than a year of cash runway if free cash flow continues to grow at historical rates of 61.9% each year.
X
Financial health checks
We assess Japan Display'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. Japan Display has a total score of 1/6, 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 Japan Display'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%
Current annual income from Japan Display dividends. Estimated to be 0% next year.
If you bought $2,000 of Japan Display shares you are expected to receive $0 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?
  • Unable to evaluate Japan Display's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Japan Display's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:JNND.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 9 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 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 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:JNND.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 0.00 4.00
2020-03-31 0.00 4.00
2019-03-31 0.00 4.00

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

  • Unable to perform a dividend volatility check as Japan Display has not reported any payouts.
  • Unable to verify if Japan Display's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Japan Display's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Japan Display has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Japan Display's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Japan Display'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 Japan Display afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Japan Display 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.

Management

 What is the CEO of Japan Display'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
Nobuhiro Higashiiriki
AGE 70
TENURE AS CEO 1.8 years
CEO Bio

Mr. Nobuhiro Higashiiriki has been the Chairman and Chief Executive Officer of Japan Display Inc., since June 21, 2017. Mr. Higashiiriki has been President and Representative Director of JOLED Inc. since 2014. He joined Nippon Mining Co., Ltd. (now JX Nippon Mining & Metals Corporation) in 1974. He served as President and Representative Director of Orbotech Display Pacific Ltd. since 1999. He served as President and Representative Director of Orbotech Japan Ltd. since 2001 and its Chairman from 2011 to 2013. He retired from Orbotech Japan Ltd. in 2013 and served as its Honorary Chairman of Orbotech Japan Ltd from 2013 to 2014. Mr. Higashiiriki served as Vice Chairman and Executive Officer of Japan Display Inc. from April 4, 2017 to June 21, 2017.

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

Average tenure of the Japan Display management team in years:

1.3
Average Tenure
  • The average tenure for the Japan Display management team is less than 2 years, this suggests a new team.
Management Team

Nobuhiro Higashiiriki

TITLE
Chairman & CEO
AGE
70
TENURE
1.8 yrs

Yoshiyuki Tsukizaki

TITLE
President
AGE
59
TENURE
0.8 yrs

Takanobu Oshima

TITLE
Managing Executive Officer & CFO
TENURE
1.9 yrs

Kazutaka Nagaoka

TITLE
Managing Executive Officer & CTO
TENURE
0.9 yrs

Taro Dohi

TITLE
Chief Human Resources Officer
TENURE
1.2 yrs

Yoshiaki Ito

TITLE
Chief Marketing Officer & Managing Executive Officer
TENURE
1.4 yrs

Isao Fukui

TITLE
Managing Executive Officer & Aide to the Active Chairman
TENURE
2.7 yrs

Sadahiro Numazawa

TITLE
Executive Officer & Chief Strategy Officer
TENURE
1.2 yrs

Norikazu Houshi

TITLE
Executive Vice President
TENURE
1.4 yrs

Minoru Kikuoka

TITLE
Head of Finance Division & Executive Officer
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the Japan Display board of directors in years:

2.2
Average Tenure
69
Average Age
  • The average tenure for the Japan Display board of directors is less than 3 years, this suggests a new board.
Board of Directors

Yoshiyuki Tsukizaki

TITLE
President
AGE
59
TENURE
0.8 yrs

Katsuhiko Shirai

TITLE
Outside Director
AGE
79
TENURE
5.9 yrs

Nobuhiro Higashiiriki

TITLE
Chairman & CEO
AGE
70
TENURE
1.8 yrs

Kazuhiko Shimokobe

TITLE
Outside Director
AGE
71
TENURE
1.8 yrs

Takahisa Hashimoto

TITLE
Outside Director
AGE
75
TENURE
1.8 yrs

Nobuyuki Nakano

TITLE
Outside Director
AGE
59
TENURE
0.8 yrs

Kazuo Kawasaki

TITLE
Audit & Supervisory Board Member
AGE
65
TENURE
6.2 yrs

Takao Yasuda

TITLE
Audit & Supervisory Board Member
AGE
65
TENURE
2.7 yrs

Youichi Etou

TITLE
Part-time Audit & Supervisory Board Member
AGE
68
TENURE
5.9 yrs

Toshiaki Kawashima

TITLE
Part-Tme Audit & Supervisory Board Member
AGE
71
TENURE
5.9 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 Japan Display'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. Japan Display 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

Simply Wall St News

Company Info

Description

Japan Display Inc. designs, develops, produces, and sells small-and medium-sized display devices and related products in Japan. It offers various LCD modules for mobile applications, such as smartphone and tablet devices; wearable applications, including sports watches, healthcare equipment, and action cameras; automotive applications, such as car navigation, instrument panel, and rear seat monitor; displaying images and diagnosis comprising PACS, ultrasonograph, mammography, etc.; IoT products and applications, including outdoor sports gears, medical and healthcare devices, remote controllers, and portable devices; and industrial applications. Japan Display Inc. also provides landscape IPS LCD modules for single-lens reflex and high-end compact digital cameras. The company was founded in 2012 and is headquartered in Tokyo, Japan.

Details
Name: Japan Display Inc.
JNND.F
Exchange: OTCPK
Founded: 2012
¥546,770,809
846,165,797
Website: http://www.j-display.com
Address: Japan Display Inc.
7-1, Nishi-shinbashi 3-chome,
Minato-ku,
Tokyo,
105-0003,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6740 Common Shares The Tokyo Stock Exchange JP JPY 19. Mar 2014
OTCPK JNND.F Common Shares Pink Sheets LLC US USD 19. Mar 2014
LSE 0YJ2 Common Shares London Stock Exchange GB EUR 19. Mar 2014
OTCPK JPDY.Y ADR Pink Sheets LLC US USD 28. Oct 2014
Number of employees
Current staff
Staff numbers
11,542
Japan Display employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:56
End of day share price update: 2019/03/15 00:00
Last estimates confirmation: 2019/03/12
Last earnings filing: 2019/02/14
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.