187.3
Revenue¥M
93.34
102.6
108.5
118.8
130.1
138.7
148.5
157.6
170.1
186.6
192.0
7.48%
8.00%
6
15.12
Revenue growth%
17.90
19.46
18.19
18.00
18.51
20.63
22.64
23.57
22.24
22.64
14.38
22.64
20.04
11
11.76
Gross margin%
30.17
30.37
28.27
26.85
28.27
26.30
24.97
27.80
29.96
30.21
23.27
27.80
28.27
67
14.08
Operating margin%
19.86
22.76
24.54
24.01
26.78
29.09
27.73
29.16
29.24
32.06
17.15
29.16
27.25
87
24.29
Net margin%
25.51
22.93
24.18
26.92
27.44
25.22
24.17
27.03
24.85
26.00
2.33
25.22
25.37
56
14.17
P/E ratio (avg)x
25.66
26.60
26.78
28.78
31.71
33.92
34.91
40.30
38.20
36.87
31.09
36.87
32.82
21
14.24
EV/EBITx
39.02
41.25
44.49
43.33
41.88
38.72
35.65
34.71
32.51
35.47
33.17
35.47
38.87
16
9.11
FCF yield (avg)%
12.58
14.30
13.56
14.94
17.92
18.15
17.63
17.67
16.86
16.53
9.71
17.63
16.70
51
19.84
FCF margin%
25.38
22.54
20.11
17.89
20.20
22.28
22.78
20.26
22.02
22.43
21.71
22.28
22.15
53
0.195
FCF / Net incomex
0.543
0.589
0.547
0.549
0.513
0.497
0.499
0.464
0.426
0.382
1.091
0.464
0.506
61
20.34
ROIC%
1.75
2.34
0.40
2.67
4.67
2.84
2.21
1.86
4.44
6.26
26.24
2.84
2.51
16
22.08
Return on equity%
34.76
31.93
31.73
33.05
35.39
33.98
33.54
33.28
31.04
29.20
7.63
33.28
33.16
47
10.79
Return on assets%
23.55
24.42
27.20
29.26
31.22
32.73
34.76
32.77
32.80
34.55
19.32
32.80
31.97
67
0.08
EPS¥
0.28
0.30
0.35
0.35
0.39
0.45
0.45
0.51
0.53
0.59
0.09
8.98%
8.12%
—
14.01
EPS growth%
20.32
21.31
21.29
19.49
20.82
20.02
19.87
20.04
22.41
23.72
7.06
20.04
20.57
61
0.12
Bookvalue per sh¥
0.25
0.22
0.20
0.18
0.18
0.18
0.19
0.20
0.18
0.17
0.47
(0.52%)
(4.14%)
—
0.10
FCF per share¥
0.24
0.22
0.22
0.24
0.21
0.19
0.17
0.19
0.20
0.17
0.27
(3.77%)
(4.78%)
—
0.41
Dividend per sh¥
0.23
0.23
0.27
0.28
0.27
0.29
0.30
0.31
0.31
0.34
0.14
4.49%
4.24%
—
23.75
Div yield (avg)%
23.35
23.43
22.07
22.68
25.44
26.16
25.56
23.05
25.84
24.90
27.00
25.56
24.17
11
23.55
Payout ratio%
2.81
0.72
0.40
1.16
0.40
0.40
2.03
2.30
0.40
0.40
6.44
0.40
0.56
37
339.0
Shares (diluted)M
344.7
372.8
378.8
348.8
302.7
327.3
337.6
355.1
361.8
344.3
344.8
2.61%
(0.96%)
6
7.85
Buyback yield%
13.09
13.43
12.36
12.61
11.32
12.87
14.55
12.57
12.53
11.37
7.59
12.57
12.59
37
1.507
D/E ratiox
1.960
1.835
2.078
2.351
2.387
2.368
2.540
2.517
2.673
2.736
1.664
2.540
2.377
47
203.4
Enterprise value¥M
179.6
188.5
188.7
175.1
202.5
213.5
231.9
267.1
262.0
269.8
129.8
5.90%
5.17%
74
118.5
LT debt¥M
86.23
92.71
89.72
97.96
115.1
112.2
117.2
130.0
152.2
147.7
18.44
5.11%
6.50%
48
Revenue
¥186.6M
8.00%
1.00×
Cost of revenue
¥97.52M
8.54%
1.05×
Operating expenses
¥26.80M
7.35%
0.94×
Cash and investments
20.26%
Spread over hurdle
16.83%