227.3
Revenue¥M
281.5
303.1
319.1
341.6
357.0
381.5
400.5
435.4
476.2
504.3
245.5
7.16%
6.53%
66
28.24
Revenue growth%
5.22
4.07
3.35
6.21
5.87
8.02
6.07
8.51
10.10
10.27
24.09
8.51
6.14
51
12.38
Gross margin%
0.40
0.40
0.40
1.47
0.40
0.70
0.40
3.05
3.79
6.05
7.92
3.05
0.55
18
17.29
Operating margin%
20.57
17.96
15.69
14.53
16.20
17.49
14.77
16.36
14.31
16.30
24.79
16.30
16.25
74
21.97
Net margin%
5.40
7.34
8.94
11.80
10.93
12.22
14.25
11.27
12.42
14.92
16.27
12.42
11.53
43
29.61
P/E ratio (avg)x
12.92
14.07
14.75
15.19
13.18
11.28
11.40
12.35
12.42
11.81
27.82
11.81
12.67
64
37.23
EV/EBITx
12.81
13.70
15.82
16.08
18.02
21.00
21.00
22.51
24.94
24.08
36.70
22.51
19.51
90
25.89
FCF yield (avg)%
24.36
25.08
22.40
19.43
21.44
18.66
21.33
22.69
22.34
20.13
7.69
21.33
21.89
88
2.50
FCF margin%
7.82
5.10
4.35
4.85
3.62
6.09
6.85
8.57
9.35
10.52
14.05
8.57
6.47
78
1.695
FCF / Net incomex
0.364
0.356
0.377
0.327
0.329
0.337
0.295
0.301
0.278
0.266
1.105
0.295
0.328
12
20.36
ROIC%
30.37
27.59
30.54
32.14
30.80
30.86
32.12
32.24
33.15
32.79
20.71
32.24
31.49
71
14.07
Return on equity%
7.80
5.67
6.06
6.25
6.64
6.48
5.77
8.73
9.29
11.19
11.92
8.73
6.56
56
25.50
Return on assets%
32.36
35.04
36.93
39.10
41.61
42.57
39.82
39.08
36.51
37.54
28.59
39.08
38.31
52
0.10
EPS¥
0.17
0.19
0.19
0.18
0.16
0.15
0.15
0.14
0.14
0.15
0.11
(1.29%)
(1.60%)
—
9.77
EPS growth%
12.55
12.55
12.39
12.17
12.62
11.93
14.11
16.01
17.77
16.37
20.69
16.01
12.59
25
0.10
Bookvalue per sh¥
0.26
0.29
0.28
0.28
0.33
0.35
0.39
0.44
0.46
0.43
0.24
5.50%
5.02%
—
0.09
FCF per share¥
0.07
0.08
0.09
0.10
0.10
0.10
0.09
0.10
0.11
0.12
0.29
2.74%
7.05%
—
0.19
Dividend per sh¥
0.07
0.07
0.07
0.07
0.07
0.06
0.06
0.06
0.05
0.05
0.24
(7.84%)
(3.59%)
—
9.56
Div yield (avg)%
23.46
23.63
23.41
22.13
21.02
23.16
25.22
24.84
23.33
21.85
6.33
23.33
23.37
39
3.51
Payout ratio%
20.03
21.91
22.71
24.35
25.58
23.83
24.60
23.82
21.36
20.89
22.32
23.82
23.26
53
966.1
Shares (diluted)M
931.8
877.0
918.5
941.4
858.6
874.7
916.9
884.4
905.0
850.2
939.3
(0.20%)
(0.27%)
75
13.60
Buyback yield%
8.00
8.90
8.25
9.04
6.45
6.14
5.96
6.20
6.92
6.46
23.63
6.20
6.69
91
0.111
D/E ratiox
1.067
0.966
0.862
0.851
0.810
0.780
0.841
0.821
0.825
0.815
1.663
0.821
0.833
74
381.2
Enterprise value¥M
652.0
723.8
807.8
846.5
782.5
741.2
739.7
716.5
717.8
814.0
557.6
0.79%
3.60%
70
0.668
LT debt¥B
0.656
0.730
0.733
0.833
0.842
0.854
0.852
0.949
0.996
1.145
0.519
6.35%
7.50%
31
Revenue
¥504.3M
6.53%
1.00×
Cost of revenue
¥228.5M
6.44%
0.99×
Operating expenses
¥124.2M
6.82%
1.03×
Goodwill & intangibles
18.48%
Spread over hurdle
12.56%