Today I will talk about Yamada Denki. I believe there are many people who live in an area with one.
9831 Yamada Denki
Yamada Denki is the largest domestic consumer electronics
mass merchandiser, and since the TSE listed- ,has aggressively expanded its scale through merger and acquisitions.In addition, it has deployed more than 700 stores which are open in all 47
prefectures.
In addition to consumer electronics, there are stores that
also sell food and daily items.
Furthermore, a new business style has been deployed since 2017.There are stores that sell housing items such as kitchen equipment, and stores with renovation services, a real estate corner, and a
cafe beside home appliances.
￥533（10/19 last closing price) The latest stock price← click here Trading unit: 100
The final month of the settlement: March Dividend yield 3.19% PER 27.88 PBR 0.74
Equity ratio 49.8%
Because the stock price is low, one can purchase it for less than 60,000 yen if it is the smallest lot.
In addition, Yamada Denki has set up a shareholder special benefit where shareholders can get substantially maximum half price discount tickets
(500 yen equivalent note which can be used for every 1000 yen spent shopping) that can be used at stores.
※For example if you bought an item costing 3,100 yen you can use 3 notes, so you pay only 1,600 yen.
Over 100 shareholders can get six sheets (certificates worth 3,000 yen) annually,
More than 500 shareholders can get ten sheets (certificate worth 5,000 yen) annually
※even more favorable with long-term possession
Yamada Denki special benefit ← For details, click here
Not only Yamada Denki but shareholder benefits are often the smallest purchase unit that have the highest yielding yield, so in many cases steady investors seem to hold a minimum lot (100 shares) in each family name.
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2016.3 |
1,612,735 |
58,158 |
30,395 |
38.2 |
12 |
32% |
|
2017.3 |
1,563,056 |
57,895 |
34,528 |
43.0 |
13 |
30% |
|
2018.3 |
1,573,873 |
38,763 |
29,779 |
36.8 |
13 |
35% |
|
2019.3 |
1,644,000 |
29,400 |
15,300 |
19.1 |
17 |
89% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for March, 2019 is the predicted value
|
Cash flow statement |
2018.3 |
2017.3 |
|
CF operating activities |
616 |
438 |
|
CF investing activities |
▲123 |
▲152 |
|
CF financing activities |
▲329 |
▲243 |
※One unit is one hundred million yen
Note: You should be responsible for your own investment. Please make your own final judgment.