354.2
Revenue¥M
178.9
197.8
216.6
236.2
253.0
271.4
300.7
332.2
365.1
387.4
373.4
8.90%
8.96%
12
13.83
Revenue growth%
7.14
4.62
3.02
0.71
0.40
0.40
0.40
0.65
0.40
0.83
6.85
0.40
0.68
46
10.61
Gross margin%
20.40
20.60
18.65
16.17
19.05
19.58
16.59
16.75
14.43
14.62
18.11
16.59
17.70
42
14.28
Operating margin%
26.46
27.47
25.27
28.25
31.13
31.34
30.56
30.89
31.97
30.22
19.23
30.89
30.39
8
17.52
Net margin%
4.47
7.41
6.96
8.51
11.25
13.40
12.53
14.45
17.38
17.75
6.87
14.45
11.89
71
20.98
P/E ratio (avg)x
21.21
18.70
16.67
18.16
19.59
19.89
19.61
18.43
17.39
16.34
32.67
18.43
18.57
55
25.34
EV/EBITx
37.33
35.87
36.20
35.02
41.23
40.17
38.88
40.40
42.44
49.48
30.29
40.40
39.52
66
25.06
FCF yield (avg)%
34.77
35.68
38.59
41.07
43.30
40.58
41.87
44.77
47.50
47.98
26.07
44.77
41.47
75
12.37
FCF margin%
11.87
12.07
12.81
12.98
15.40
14.54
13.33
11.00
9.62
8.69
8.73
11.00
12.44
85
0.679
FCF / Net incomex
0.319
0.301
0.284
0.302
0.322
0.309
0.333
0.336
0.325
0.312
0.954
0.325
0.315
29
10.15
ROIC%
11.24
13.59
16.52
16.58
18.85
20.16
22.82
25.09
24.86
26.98
10.81
24.86
19.51
24
8.55
Return on equity%
25.26
27.64
30.14
31.73
29.50
27.49
29.14
28.17
30.73
31.48
22.47
29.14
29.32
32
25.57
Return on assets%
13.66
12.15
11.02
9.52
11.86
13.40
11.63
13.28
12.83
14.77
2.97
13.28
12.49
55
0.17
EPS¥
0.14
0.13
0.13
0.13
0.13
0.13
0.12
0.13
0.15
0.14
0.18
2.28%
(0.39%)
—
23.03
EPS growth%
10.48
12.98
14.22
13.10
14.00
12.76
15.62
13.95
16.22
19.20
4.16
15.62
13.98
74
0.44
Bookvalue per sh¥
0.27
0.26
0.29
0.31
0.32
0.32
0.36
0.43
0.46
0.48
0.41
8.84%
7.94%
—
0.53
FCF per share¥
0.70
0.69
0.80
0.84
1.00
1.06
1.14
1.28
1.36
1.31
0.18
5.40%
7.32%
—
0.39
Dividend per sh¥
0.74
0.73
0.77
0.92
1.05
1.17
1.29
1.43
1.53
1.77
0.41
11.08%
10.72%
—
4.30
Div yield (avg)%
10.80
11.93
11.84
13.92
16.77
17.82
18.18
20.94
18.45
19.83
11.27
18.45
17.30
33
11.45
Payout ratio%
30.12
27.53
29.30
26.95
25.57
23.44
21.66
19.00
20.30
17.70
19.25
20.30
24.50
51
559.9
Shares (diluted)M
406.8
385.3
351.7
365.7
337.4
305.7
325.0
335.1
295.2
288.5
544.4
(3.09%)
(4.22%)
43
28.14
Buyback yield%
21.80
23.93
21.20
21.20
18.32
16.16
17.19
14.30
13.04
10.54
27.47
14.30
17.76
87
0.468
D/E ratiox
0.331
0.293
0.315
0.304
0.318
0.298
0.320
0.321
0.278
0.247
0.150
0.298
0.309
34
156.6
Enterprise value¥M
45.13
49.00
48.11
43.72
48.39
46.27
48.78
42.98
42.95
42.88
36.30
(2.39%)
0.18%
94
302.7
LT debt¥M
273.9
246.1
237.0
243.5
217.8
233.6
237.6
257.5
269.2
257.1
147.0
3.38%
(1.59%)
61
Revenue
¥387.4M
8.96%
1.00×
Cost of revenue
¥223.0M
8.79%
0.98×
Operating expenses
¥47.59M
9.67%
1.07×
Cash and investments
16.37%
Spread over hurdle
(2.01%)