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Konica Minolta

OTCPK:KNCA.F
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KNCA.F
OTCPK
¥549B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Konica Minolta, Inc. engages in business technologies, industrial, and healthcare businesses in Japan, the United States, European countries, China, Asia, and internationally. The last earnings update was 39 days ago. More info.


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KNCA.F Share Price and Events
7 Day Returns
1.4%
OTCPK:KNCA.F
7.2%
US Tech
2.4%
US Market
1 Year Returns
12.3%
OTCPK:KNCA.F
1.4%
US Tech
1.9%
US Market
KNCA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Konica Minolta (KNCA.F) 1.4% -0.7% - 12.3% 6.8% 10.4%
US Tech 7.2% 8.5% 14.1% 1.4% 65.8% 111.3%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • KNCA.F outperformed the Tech industry which returned 1.4% over the past year.
  • KNCA.F outperformed the Market in United States of America which returned 1.9% over the past year.
Price Volatility
KNCA.F
Industry
5yr Volatility vs Market
Related Companies

KNCA.F Value

 Is Konica Minolta 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 Konica Minolta 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    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Konica Minolta.

OTCPK:KNCA.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 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
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:KNCA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.027 (1 + (1- 30.86%) (49.62%))
1.254
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.254 * 5.96%)
10.2%

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

The calculations below outline how an intrinsic value for Konica Minolta 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:KNCA.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 10.2%)
2019 41,923.05 Analyst x8 38,041.68
2020 42,486.18 Analyst x8 34,983.33
2021 47,572.01 Analyst x7 35,544.44
2022 42,686.00 Analyst x1 28,940.92
2023 41,842.00 Analyst x1 25,742.22
2024 41,726.82 Est @ -0.28% 23,294.62
2025 41,988.16 Est @ 0.63% 21,270.31
2026 42,516.12 Est @ 1.26% 19,543.73
2027 43,238.55 Est @ 1.7% 18,035.64
2028 44,106.97 Est @ 2.01% 16,694.54
Present value of next 10 years cash flows ¥262,091.43
OTCPK:KNCA.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥44,106.97 × (1 + 2.73%) ÷ (10.2% – 2.73%)
¥606,333.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥606,333.52 ÷ (1 + 10.2%)10
¥229,497.96
OTCPK:KNCA.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥262,091.43 + ¥229,497.96
¥491,589.39
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥491,589.39 / 494.59
¥8.8
OTCPK:KNCA.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:KNCA.F represents 0.00886x of TSE:4902
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00886x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 993.94 x 0.00886
$8.80
Value per share (USD) From above. $8.80
Current discount Discount to share price of $9.83
= -1 x ($9.83 - $8.80) / $8.80
-11.7%

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

  • The current share price of Konica Minolta 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 Konica Minolta's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Konica Minolta's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:KNCA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥95.80
TSE:4902 Share Price ** TSE (2019-03-12) in JPY ¥1110
United States of America Tech Industry PE Ratio Median Figure of 15 Publicly-Listed Tech Companies 16.87x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

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

** Primary Listing of Konica Minolta.

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

= TSE:4902 Share Price ÷ EPS (both in JPY)

= 1110 ÷ 95.80

11.59x

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

  • Konica Minolta is good value based on earnings compared to the US Tech industry average.
  • Konica Minolta is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Konica Minolta's expected growth come at a high price?
Raw Data
OTCPK:KNCA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
0.8%per year
United States of America Tech Industry PEG Ratio Median Figure of 8 Publicly-Listed Tech Companies 1.08x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.59x ÷ 0.8%

14.6x

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

  • Konica Minolta is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Konica Minolta's assets?
Raw Data
OTCPK:KNCA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,104.78
TSE:4902 Share Price * TSE (2019-03-12) in JPY ¥1110
United States of America Tech Industry PB Ratio Median Figure of 37 Publicly-Listed Tech Companies 1.88x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
OTCPK:KNCA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:4902 Share Price ÷ Book Value per Share (both in JPY)

= 1110 ÷ 1,104.78

1x

* Primary Listing of Konica Minolta.

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

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

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

KNCA.F Future Performance

 How is Konica Minolta expected to perform in the next 1 to 3 years based on estimates from 14 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
0.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Konica Minolta expected to grow at an attractive rate?
  • Konica Minolta's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Konica Minolta's earnings growth is positive but not above the United States of America market average.
  • Konica Minolta's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:KNCA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:KNCA.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 0.8%
OTCPK:KNCA.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 2.3%
United States of America Tech Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
United States of America Tech Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
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:KNCA.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 14 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:KNCA.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 1,175,565 94,828 41,814 2
2022-03-31 1,151,950 92,738 40,781 2
2021-03-31 1,118,391 101,079 43,173 13
2020-03-31 1,094,344 97,816 40,189 14
2019-03-31 1,071,601 94,496 41,460 14
OTCPK:KNCA.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,058,581 62,740 47,374
2018-09-30 1,060,241 58,470 42,067
2018-06-30 1,054,119 70,763 38,061
2018-03-31 1,031,256 65,367 32,248
2017-12-31 1,013,172 59,418 25,249
2017-09-30 988,691 61,225 31,814
2017-06-30 965,775 53,319 30,523
2017-03-31 962,555 68,659 31,542
2016-12-31 969,050 76,823 30,391
2016-09-30 986,461 76,557 27,886
2016-06-30 1,012,228 77,479 31,767
2016-03-31 1,031,740 59,244 31,973

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Konica Minolta's earnings are expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
  • Konica Minolta's revenue is expected to grow by 2.3% 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:KNCA.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 14 Analyst Estimates (S&P Global) See Below

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

OTCPK:KNCA.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 84.50 84.50 84.50 1.00
2022-03-31 82.50 82.50 82.50 1.00
2021-03-31 87.43 106.50 68.08 14.00
2020-03-31 81.42 97.10 65.80 15.00
2019-03-31 84.06 88.40 79.80 15.00
OTCPK:KNCA.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 95.80
2018-09-30 85.07
2018-06-30 76.96
2018-03-31 65.17
2017-12-31 50.99
2017-09-30 64.22
2017-06-30 61.59
2017-03-31 63.65
2016-12-31 61.33
2016-09-30 56.28
2016-06-30 64.12
2016-03-31 64.39

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

KNCA.F Past Performance

  How has Konica Minolta 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 Konica Minolta's growth in the last year to its industry (Tech).
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.
  • Konica Minolta's year on year earnings growth rate has been positive over the past 5 years.
  • Konica Minolta's 1-year earnings growth exceeds its 5-year average (87.6% vs 7.2%)
  • Konica Minolta's earnings growth has not exceeded the US Tech industry average in the past year (87.6% vs 94.9%).
Earnings and Revenue History
Konica Minolta'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 Konica Minolta Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KNCA.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 1,058,581.00 47,374.00 455,909.00
2018-09-30 1,060,241.00 42,067.00 457,130.00
2018-06-30 1,054,119.00 38,061.00 453,235.00
2018-03-31 1,031,256.00 32,248.00 443,996.00
2017-12-31 1,013,172.00 25,249.00 437,000.00
2017-09-30 988,691.00 31,814.00 424,450.00
2017-06-30 965,775.00 30,523.00 417,463.00
2017-03-31 962,555.00 31,542.00 416,622.00
2016-12-31 969,050.00 30,391.00 417,771.00
2016-09-30 986,461.00 27,886.00 422,871.00
2016-06-30 1,012,228.00 31,767.00 427,980.00
2016-03-31 1,031,740.00 31,973.00 429,891.00
2015-12-31 1,032,867.00 41,678.00 420,388.00
2015-09-30 1,033,089.00 39,820.00 421,865.00
2015-06-30 1,033,783.00 29,933.00 341,405.00 75,281.00
2015-03-31 1,002,758.00 40,934.00 411,132.00
2014-12-31 993,100.00 36,798.00 346,797.00 71,184.00
2014-09-30 970,219.00 34,747.00 335,869.00 71,184.00
2014-06-30 951,850.00 21,452.00 326,110.00 71,184.00
2014-03-31 943,759.00 21,861.00 322,162.00 71,184.00
2013-12-31 918,222.00 15,618.00 294,198.00 71,533.00
2013-09-30 879,709.00 13,073.00 278,154.00 71,533.00
2013-06-30 842,243.00 24,744.00 262,629.00 71,533.00
2013-03-31 813,073.00 15,124.00 263,393.00 71,533.00
2012-12-31 785,234.00 25,342.00 234,419.00 72,530.00
2012-09-30 773,374.00 24,282.00 230,178.00 72,530.00
2012-06-30 771,047.00 20,688.00 228,077.00 72,530.00
2012-03-31 767,879.00 20,424.00 228,488.00 72,530.00

*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.
  • Konica Minolta has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Konica Minolta used its assets less efficiently than the US Tech industry average last year based on Return on Assets.
  • Konica Minolta's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Konica Minolta'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 Tech 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.
Konica Minolta has a total score of 2/6, 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.

KNCA.F Health

 How is Konica Minolta'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 Konica Minolta's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Konica Minolta is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Konica Minolta's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Konica Minolta'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 2.1x 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 Konica Minolta Company Filings, last reported 2 months ago.

OTCPK:KNCA.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 557,040.00 272,425.00 127,667.00
2018-09-30 565,516.00 296,323.00 152,864.00
2018-06-30 543,712.00 294,371.00 141,748.00
2018-03-31 535,588.00 293,664.00 149,913.00
2017-12-31 537,233.00 310,440.00 140,867.00
2017-09-30 552,159.00 182,600.00 98,650.00
2017-06-30 535,466.00 182,982.00 72,387.00
2017-03-31 534,149.00 185,511.00 92,628.00
2016-12-31 530,889.00 195,986.00 94,706.00
2016-09-30 493,920.00 196,629.00 102,382.00
2016-06-30 486,468.00 185,640.00 81,969.00
2016-03-31 514,981.00 168,276.00 99,937.00
2015-12-31 535,950.00 169,169.00 110,129.00
2015-09-30 537,259.00 162,069.00 117,955.00
2015-06-30 533,326.00 159,792.00 140,452.00
2015-03-31 537,047.00 165,585.00 177,496.00
2014-12-31 500,298.00 176,443.00 170,529.00
2014-09-30 480,720.00 179,759.00 169,485.00
2014-06-30 467,538.00 190,682.00 167,726.00
2014-03-31 480,055.00 202,253.00 188,489.00
2013-12-31 498,617.00 223,671.00 221,323.00
2013-09-30 481,211.00 224,936.00 234,061.00
2013-06-30 482,093.00 229,078.00 215,571.00
2013-03-31 466,416.00 230,234.00 213,914.00
2012-12-31 444,651.00 218,846.00 191,455.00
2012-09-30 427,698.00 237,974.00 228,835.00
2012-06-30 420,999.00 230,652.00 215,346.00
2012-03-31 434,987.00 228,994.00 231,933.00
  • Konica Minolta's level of debt (48.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (44.8% vs 48.9% today).
  • Debt is well covered by operating cash flow (23%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 32.3x coverage).
X
Financial health checks
We assess Konica Minolta'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. Konica Minolta has a total score of 4/6, 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.

KNCA.F Dividends

 What is Konica Minolta'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
2.7%
Current annual income from Konica Minolta dividends. Estimated to be 2.72% next year.
If you bought $2,000 of Konica Minolta shares you are expected to receive $54 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?
  • Konica Minolta's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Konica Minolta's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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:KNCA.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 14 Analyst Estimates (S&P Global) See Below
United States of America Tech Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.7%
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:KNCA.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 30.00 1.00
2022-03-31 30.00 1.00
2021-03-31 30.31 13.00
2020-03-31 30.29 14.00
2019-03-31 30.00 14.00
OTCPK:KNCA.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-07 30.000 2.775
2019-02-01 30.000 2.875
2018-11-08 30.000 2.913
2018-10-30 30.000 2.765
2018-06-20 30.000 2.761
2018-05-14 30.000 2.917
2018-02-08 30.000 3.196
2018-02-01 30.000 2.951
2017-11-08 30.000 2.760
2017-10-30 30.000 2.879
2017-06-21 30.000 3.243
2017-05-11 30.000 3.344
2017-02-08 30.000 2.903
2017-01-31 30.000 2.789
2016-11-09 30.000 2.703
2016-10-31 30.000 3.271
2016-06-20 30.000 3.534
2016-02-05 30.000 3.202
2016-01-28 30.000 3.012
2015-11-10 30.000 2.520
2015-10-29 30.000 2.356
2015-06-22 30.000 2.159
2015-05-13 30.000 1.953
2015-02-06 20.000 1.580
2015-01-30 20.000 1.679
2014-11-07 20.000 1.512
2014-10-31 20.000 1.594
2014-08-07 20.000 1.720
2014-06-20 20.000 1.927
2014-05-09 20.000 2.256
2014-02-07 15.000 1.531
2014-01-30 15.000 1.467
2013-10-30 15.000 1.516
2013-06-20 15.000 1.864
2013-05-10 15.000 2.026
2013-02-13 15.000 2.128
2013-01-31 15.000 2.065
2012-10-31 15.000 2.490
2012-07-27 15.000 2.572
2012-05-10 15.000 2.550
2012-02-13 15.000 2.229
2012-01-31 15.000 2.532
2011-11-11 15.000 2.626
2011-10-28 15.000 2.609
2011-07-28 15.000 2.819
2011-05-13 15.000 2.248
2011-02-10 15.000 2.136
2011-01-28 15.000 1.896
2010-11-10 15.000 1.728
2010-10-28 15.000 1.813
2010-06-23 15.000 1.786
2010-05-13 15.000 1.525
2010-01-28 15.000 1.462
2009-10-29 15.000 1.664
2009-08-06 15.000 1.722
2009-05-14 20.000 2.068
2009-03-19 20.000 2.413

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 Konica Minolta's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x 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 Konica Minolta'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 Konica Minolta afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Konica Minolta 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.

KNCA.F Management

 What is the CEO of Konica Minolta'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
Shoei Yamana
COMPENSATION ¥113,000,000
AGE 64
TENURE AS CEO 4.9 years
CEO Bio

Mr. Shoei Yamana has been the Chief Executive Officer, President and Representative Executive Officer of Konica Minolta, Inc. since April 1, 2014. Mr. Yamana is the Vice President of Strategic and Business Development at Konica Minolta Printing Solutions U.S.A., Inc. since August 1999. He served as the President of Konica Minolta Business Technologies, Inc. since April 1, 2011. Mr. Yamana served as an Executive Director of Konica Minolta Business Technologies, Inc. He was Incharge of Corporate Strategy at Konica Minolta Holdings. He served as the General Manager of the Corporate Strategy Division of Minolta Co. Ltd., from July 1996 to August 1999 and also served as its Executive Officer. Mr. Yamana served as Senior Managing Executive Officer of Konica Minolta Holdings Inc. since August 2003. Mr. Yamana joined Minolta Co. Ltd. in 1977 and served in various capacities, including Manager of the Corporate Strategy Division from April 1995 to June 1996, Manager of the Asia Division from July 1994 to March 1995, Manager of the China Division from April 1994 to June 1994 and Manager of the Camera Sales Department from April 1990 to March 1994. He has been a Director of Konica Minolta, Inc. since April 2013. He is a Director of Konica Minolta Printing Solutions U.S.A., Inc. since July 1999. He served as a Representative Director of Konica Minolta Business Technologies, Inc.

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

Average tenure and age of the Konica Minolta management team in years:

4.9
Average Tenure
60
Average Age
  • The tenure for the Konica Minolta management team is about average.
Management Team

Shoei Yamana

TITLE
President
COMPENSATION
¥113M
AGE
64
TENURE
4.9 yrs

Rick Taylor

TITLE
Executive Officer
COMPENSATION
¥173M
TENURE
2.9 yrs

Tetsuya Matsueda

TITLE
Executive Officer & GM of Corporate Legal Division

Kazuyoshi Hata

TITLE
Senior Executive Officer
AGE
59
TENURE
0.8 yrs

Tsukasa Wakashima

TITLE
Senior Executive Officer
AGE
60
TENURE
4.9 yrs

Shingo Asai

TITLE
Senior Managing Executive Officer & GM of Manufacturing Headquarters
AGE
62
TENURE
5.9 yrs

Kunihiro Koshizuka

TITLE
Senior Managing Executive Officer & Director
AGE
63
TENURE
4.9 yrs

Ken Osuga

TITLE
Senior Executive Officer
AGE
55
TENURE
4.9 yrs

Seiji Hatano

TITLE
Senior Executive Officer
AGE
59
TENURE
2.8 yrs

Indiana Nakagawa

TITLE
Senior Executive Officer
AGE
60
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Konica Minolta board of directors in years:

3.8
Average Tenure
64
Average Age
  • The tenure for the Konica Minolta board of directors is about average.
Board of Directors

Masatoshi Matsuzaki

TITLE
Chairman of the Board
AGE
68
TENURE
4.9 yrs

Shoei Yamana

TITLE
President
COMPENSATION
¥113M
AGE
64
TENURE
12.8 yrs

Kunihiro Koshizuka

TITLE
Senior Managing Executive Officer & Director
AGE
63
TENURE
3.8 yrs

Seiji Hatano

TITLE
Senior Executive Officer
AGE
59
TENURE
4.8 yrs

Tom Taiko

TITLE
Senior Executive Officer
AGE
56
TENURE
0.8 yrs

Hiroshi Tomono

TITLE
Outside Director
AGE
73
TENURE
3.8 yrs

Kimikazu Noumi

TITLE
Outside Director
AGE
73
TENURE
2.8 yrs

Ken Shiomi

TITLE
Director
AGE
64
TENURE
3.8 yrs

Toyotsugu Itoh

TITLE
Director
AGE
63
TENURE
0.8 yrs

Takashi Hatchoji

TITLE
Outside Director
AGE
71
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Konica Minolta'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. Konica Minolta 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.

KNCA.F News

Simply Wall St News

KNCA.F Company Info

Description

Konica Minolta, Inc. engages in business technologies, industrial, and healthcare businesses in Japan, the United States, European countries, China, Asia, and internationally. The company develops, manufactures, and sells multi-functional peripherals, laser printers, filing devices, software and peripheral devices, digital color printing systems, digital color-proofing systems, computer to plate, prepress production systems, digital monochrome printing systems, inkjet printheads, inkjet textile printers, and inkjet inks, as well as print and cloud services. It also offers healthcare systems, such as digital X-ray diagnostic imaging systems, digital mammography systems, diagnostic ultrasound systems, medical imaging filling systems, medical imaging information workstations, and jaundice meters, as well as offers medical management ICT services. In addition, the company provides measuring instruments, including colorimeters, luminance meters, spectrophotometers, photovoltaic reference cells, and pulse oximeters; lens units and pickup lenses for optical disks; and performance materials comprising TAC films for LCD polarizers, high-precision photo plates, organic light emitting diode (OLED) materials, liquid crystal displays, and OLED lighting products. Further, it offers optical planetariums, digital full-dome systems, and full-dome shows; and manages and operates planetarium facilities. The company was founded in 1873 and is headquartered in Tokyo, Japan.

Details
Name: Konica Minolta, Inc.
KNCA.F
Exchange: OTCPK
Founded: 1873
¥4,930,784,097
494,588,740
Website: http://www.konicaminolta.com
Address: Konica Minolta, Inc.
JP Tower,
2-7-2 Marunouchi,
Tokyo,
100-7015,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 4902 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK KNCA.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB KPI1 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK KNCA.Y ADR Pink Sheets LLC US USD 23. Oct 2008
Number of employees
Current staff
Staff numbers
44,158
Konica Minolta employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 23:49
End of day share price update: 2019/03/12 00:00
Last estimates confirmation: 2019/03/12
Last earnings filing: 2019/02/07
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.