713.0
Revenue¥M
484.0
531.8
566.4
619.7
665.2
706.2
774.5
849.9
910.3
986.4
787.9
8.20%
8.30%
89
20.48
Revenue growth%
18.64
18.58
19.02
21.44
23.95
21.71
22.60
23.02
20.15
19.00
14.04
21.71
20.80
91
25.16
Gross margin%
13.18
12.93
13.51
14.62
16.64
15.00
13.14
10.29
10.59
7.82
24.91
10.59
13.16
41
28.91
Operating margin%
26.35
28.46
27.09
28.42
29.51
29.56
28.09
29.24
29.18
26.52
17.19
29.18
28.44
15
13.05
Net margin%
4.16
5.29
4.47
2.80
3.97
6.55
3.73
6.39
3.98
4.00
25.41
4.00
4.08
12
8.625
P/E ratio (avg)x
37.39
33.87
30.47
27.32
25.06
25.60
26.47
23.79
21.69
21.49
25.29
23.79
26.03
53
30.60
EV/EBITx
29.08
31.71
30.72
27.63
27.57
26.43
23.10
23.61
21.65
22.23
10.97
23.10
27.00
35
3.35
FCF yield (avg)%
24.86
26.76
29.70
27.14
28.74
27.84
28.56
28.37
26.94
27.46
7.78
27.84
27.65
58
6.08
FCF margin%
23.94
23.41
23.17
24.46
26.91
29.76
30.79
29.47
29.16
31.22
11.36
29.76
28.03
23
1.442
FCF / Net incomex
0.141
0.151
0.159
0.147
0.144
0.128
0.126
0.126
0.113
0.109
1.380
0.126
0.134
58
26.88
ROIC%
18.34
19.26
18.94
19.32
16.75
14.27
14.29
13.39
16.27
16.09
10.01
14.29
16.51
59
9.03
Return on equity%
23.11
23.52
25.50
27.85
25.80
26.60
29.16
26.79
27.21
30.00
23.48
27.21
26.69
86
3.59
Return on assets%
26.20
29.09
28.85
26.38
24.30
26.35
26.17
28.50
29.99
29.28
6.46
28.50
27.44
52
0.89
EPS¥
0.40
0.41
0.42
0.43
0.51
0.58
0.57
0.56
0.56
0.58
0.91
2.79%
4.81%
—
22.78
EPS growth%
12.23
11.39
9.18
10.36
10.86
8.45
9.69
11.58
9.34
10.20
24.98
9.69
10.28
61
0.26
Bookvalue per sh¥
1.37
1.44
1.41
1.52
1.63
1.81
1.90
2.02
2.16
2.39
0.38
7.91%
5.54%
—
0.94
FCF per share¥
0.53
0.60
0.58
0.59
0.60
0.65
0.71
0.72
0.83
0.81
0.65
6.08%
3.72%
—
0.59
Dividend per sh¥
0.77
0.78
0.74
0.81
0.88
0.88
0.90
0.97
1.06
1.05
0.40
3.46%
2.31%
—
8.42
Div yield (avg)%
6.71
8.40
8.52
9.97
7.19
8.77
8.46
11.31
12.33
13.90
16.37
11.31
8.65
61
4.35
Payout ratio%
16.00
16.66
17.21
16.92
18.79
20.00
22.25
22.40
25.00
25.99
11.81
22.40
19.40
92
598.0
Shares (diluted)M
467.4
446.8
467.0
443.4
499.3
571.2
554.0
612.0
655.9
715.9
584.5
7.48%
3.66%
40
17.84
Buyback yield%
16.14
13.86
15.15
17.54
18.55
19.13
17.18
19.18
16.68
16.88
7.98
17.18
17.03
16
0.147
D/E ratiox
0.229
0.248
0.242
0.228
0.216
0.237
0.272
0.256
0.280
0.325
0.846
0.272
0.245
10
262.2
Enterprise value¥M
265.0
255.1
246.7
290.2
337.2
361.9
350.6
395.7
462.7
480.7
944.2
7.35%
5.71%
85
963.1
LT debt¥M
433.1
471.2
461.2
499.7
538.5
580.3
600.9
587.5
659.8
721.9
221.3
6.04%
5.20%
10
Revenue
¥986.4M
8.30%
1.00×
Cost of revenue
¥690.5M
8.30%
1.00×
Operating expenses
¥204.9M
8.82%
1.05×
Cash and investments
18.39%
Spread over hurdle
(5.55%)