2.032
Revenue¥B
1.822
1.922
2.051
2.145
2.239
2.306
2.446
2.520
2.623
2.755
2.185
4.23%
4.50%
43
12.64
Revenue growth%
10.53
12.04
11.57
10.73
11.00
9.98
7.34
5.92
5.51
3.99
3.57
5.92
10.26
53
15.75
Gross margin%
20.74
22.64
23.50
23.15
24.33
23.61
24.23
21.83
24.23
24.51
15.55
24.23
23.55
91
20.21
Operating margin%
6.52
6.75
5.37
2.69
0.57
0.40
0.40
0.40
0.40
3.15
2.49
0.40
1.63
20
27.73
Net margin%
4.07
5.87
7.94
5.01
7.54
7.34
9.65
12.18
14.53
17.04
20.85
12.18
7.74
86
15.26
P/E ratio (avg)x
28.85
30.94
35.47
38.73
43.34
52.51
53.40
54.69
59.16
69.87
36.95
54.69
47.93
81
35.03
EV/EBITx
32.27
29.58
27.73
25.90
29.56
32.07
30.04
34.14
33.86
33.56
29.60
33.56
31.06
69
20.12
FCF yield (avg)%
12.36
12.18
13.47
14.36
12.35
14.10
12.22
11.32
13.85
16.84
22.56
13.85
12.91
42
27.83
FCF margin%
23.97
22.60
25.53
22.86
25.33
23.16
21.52
23.36
22.44
22.84
29.79
22.84
23.01
26
0.324
FCF / Net incomex
2.391
2.429
2.435
2.420
2.811
3.204
3.375
3.348
3.169
3.563
0.931
3.348
2.990
49
19.26
ROIC%
14.76
16.13
18.33
19.49
18.90
16.11
17.98
17.66
18.88
17.04
14.50
17.66
17.82
7
23.45
Return on equity%
21.05
20.57
21.88
20.17
23.03
20.94
22.64
21.16
21.82
22.66
23.54
21.82
21.49
42
5.83
Return on assets%
15.60
17.12
17.84
15.31
13.68
11.38
11.59
11.82
9.08
6.29
22.42
11.38
12.75
11
0.04
EPS¥
0.19
0.19
0.20
0.22
0.24
0.27
0.25
0.27
0.28
0.26
0.05
2.17%
3.36%
—
7.68
EPS growth%
21.90
22.10
23.93
24.93
26.58
26.44
28.69
28.53
26.52
28.39
10.42
28.39
26.48
53
0.07
Bookvalue per sh¥
0.19
0.17
0.17
0.19
0.17
0.15
0.14
0.14
0.15
0.14
0.05
(3.09%)
(4.15%)
—
0.06
FCF per share¥
0.26
0.27
0.30
0.33
0.36
0.41
0.47
0.45
0.44
0.43
0.04
3.77%
4.95%
—
0.24
Dividend per sh¥
0.27
0.28
0.32
0.36
0.37
0.40
0.45
0.49
0.49
0.54
0.17
7.51%
8.02%
—
10.41
Div yield (avg)%
7.04
5.54
3.93
1.62
4.33
5.90
3.84
5.75
4.86
7.33
26.51
5.75
5.20
51
6.99
Payout ratio%
28.17
25.25
26.78
24.66
27.32
28.45
27.28
27.62
30.21
30.16
27.67
28.45
27.47
77
2.780
Shares (diluted)B
3.000
3.460
4.052
4.471
4.797
5.016
4.851
4.907
4.828
4.937
2.671
0.57%
4.74%
67
17.56
Buyback yield%
0.40
0.40
1.31
2.60
2.89
0.40
0.40
0.40
0.40
0.40
22.67
0.40
0.40
28
0.262
D/E ratiox
0.345
0.356
0.350
0.318
0.312
0.300
0.287
0.246
0.235
0.216
0.171
0.246
0.306
60
642.5
Enterprise value¥M
466.1
534.5
511.2
486.5
473.7
537.2
578.0
538.2
524.2
520.5
450.7
1.90%
0.36%
12
1.203
LT debt¥B
1.601
1.726
1.745
1.673
1.820
1.907
2.205
2.081
1.981
2.244
2.000
4.27%
4.93%
52
Revenue
¥2.755B
4.50%
1.00×
Cost of revenue
¥1.928B
4.50%
1.00×
Operating expenses
¥455.7M
5.22%
1.07×
Cash and investments
17.75%
Spread over hurdle
10.88%