256.0
Revenue¥M
382.5
415.2
449.2
472.4
495.9
524.2
566.3
590.4
623.7
668.8
281.5
6.17%
6.15%
51
13.29
Revenue growth%
22.20
24.48
24.17
22.44
23.91
22.89
21.09
21.68
19.12
16.43
27.00
21.09
22.32
80
26.64
Gross margin%
26.85
25.56
27.95
28.18
28.70
26.82
29.26
31.36
29.81
28.87
5.73
29.26
28.44
47
29.49
Operating margin%
19.75
20.97
22.27
20.53
19.19
22.08
22.50
21.09
21.96
20.54
23.53
21.96
21.03
84
12.78
Net margin%
28.81
28.30
25.93
24.28
25.95
25.52
28.06
29.21
29.62
28.66
19.92
28.66
28.18
92
26.85
P/E ratio (avg)x
13.17
12.63
13.32
12.19
13.09
13.90
13.66
13.00
13.76
13.85
24.51
13.76
13.24
64
24.01
EV/EBITx
20.09
22.67
25.70
27.92
31.05
29.45
33.86
35.60
37.16
42.90
11.60
35.60
30.25
66
25.22
FCF yield (avg)%
8.06
10.88
12.84
12.53
12.40
15.13
17.68
17.91
16.59
17.70
17.45
17.68
13.98
27
29.03
FCF margin%
30.17
31.51
30.45
32.81
31.72
30.67
30.99
32.44
31.43
30.71
19.12
30.99
31.21
48
0.713
FCF / Net incomex
0.704
0.675
0.702
0.754
0.876
0.883
0.853
1.015
0.971
1.150
1.031
0.971
0.864
64
4.62
ROIC%
7.05
5.88
7.89
9.03
9.82
9.23
11.73
9.82
7.75
5.35
23.38
9.23
8.46
46
19.51
Return on equity%
14.64
15.45
13.59
10.84
9.60
8.67
6.46
7.21
9.51
7.45
22.56
7.45
9.56
35
7.39
Return on assets%
17.62
20.48
18.24
20.16
20.64
21.50
20.92
22.06
22.76
20.77
28.51
21.50
20.71
29
0.05
EPS¥
0.09
0.10
0.11
0.11
0.12
0.12
0.13
0.14
0.15
0.15
0.05
3.92%
6.62%
—
22.08
EPS growth%
18.97
20.35
17.93
18.38
15.80
16.34
17.19
15.78
15.44
16.30
28.12
16.30
16.77
33
0.05
Bookvalue per sh¥
0.10
0.11
0.11
0.12
0.12
0.12
0.14
0.13
0.14
0.14
0.03
2.10%
4.33%
—
0.01
FCF per share¥
0.03
0.03
0.03
0.03
0.04
0.04
0.04
0.05
0.04
0.05
0.02
6.14%
4.58%
—
0.06
Dividend per sh¥
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.04
0.72%
0.31%
—
4.51
Div yield (avg)%
24.44
27.09
27.32
26.37
28.15
25.59
24.87
24.34
23.21
24.85
12.01
24.85
25.23
39
24.40
Payout ratio%
10.35
13.24
11.08
13.33
14.88
13.49
12.56
13.52
14.93
16.83
17.20
13.52
13.41
72
8.491
Shares (diluted)B
14.42
14.37
16.05
18.46
19.44
20.74
23.01
22.90
22.19
21.98
8.160
2.48%
6.06%
17
23.55
Buyback yield%
16.11
14.12
12.48
12.94
15.61
17.50
14.90
17.27
15.33
15.07
11.92
15.33
15.20
45
0.487
D/E ratiox
0.952
1.084
1.076
1.004
1.058
1.006
1.132
1.064
1.112
1.218
1.059
1.112
1.070
42
105.8
Enterprise value¥M
382.0
436.0
522.1
572.0
599.1
589.4
569.9
624.4
687.2
823.0
52.15
6.56%
7.89%
81
177.6
LT debt¥M
268.7
273.9
291.4
338.9
348.9
333.3
377.9
405.9
461.8
517.4
587.1
8.20%
7.22%
79
Revenue
¥668.8M
6.15%
1.00×
Cost of revenue
¥468.2M
6.15%
1.00×
Operating expenses
¥140.5M
6.54%
1.04×
Property and equipment
14.56%
Spread over hurdle
(1.17%)