2.418
Revenue¥B
1.735
1.826
1.929
1.967
2.020
2.112
2.236
2.341
2.437
2.506
2.651
4.41%
4.14%
32
12.74
Revenue growth%
12.46
14.19
16.99
16.66
15.63
15.96
15.35
13.64
13.04
12.69
13.75
13.64
14.77
64
4.82
Gross margin%
24.85
24.23
21.95
22.02
19.05
21.63
22.30
24.79
26.56
26.16
8.01
24.79
23.27
63
17.60
Operating margin%
1.68
0.86
2.75
3.10
4.30
4.94
7.78
9.46
7.10
6.10
10.42
7.10
4.62
86
27.99
Net margin%
29.92
29.96
30.55
29.68
30.80
32.63
35.43
34.48
32.92
33.54
5.30
33.54
31.72
21
34.83
P/E ratio (avg)x
19.10
21.19
21.49
21.81
23.30
26.86
30.06
34.70
33.31
32.76
28.12
32.76
25.08
56
18.76
EV/EBITx
19.36
22.78
26.64
28.10
29.47
29.10
33.99
33.12
34.47
35.33
24.59
33.99
29.29
37
22.97
FCF yield (avg)%
23.23
25.86
22.88
25.12
23.59
22.11
20.50
17.88
17.54
20.36
14.60
20.36
22.50
14
17.97
FCF margin%
10.64
12.00
14.18
13.45
13.23
13.09
10.50
9.71
11.26
14.13
25.94
11.26
12.54
41
0.551
FCF / Net incomex
2.198
2.412
2.540
2.498
2.808
3.088
3.005
3.413
3.550
4.010
1.125
3.413
2.906
85
29.72
ROIC%
34.30
33.33
33.43
31.04
33.55
33.99
32.27
34.68
33.53
34.47
8.07
33.99
33.54
34
22.82
Return on equity%
30.00
32.71
34.48
33.65
36.17
36.88
38.06
38.46
40.15
40.42
28.49
38.46
36.52
61
12.78
Return on assets%
9.29
7.26
4.33
5.31
4.01
1.26
0.40
0.40
2.34
2.63
21.03
1.26
3.32
45
1.76
EPS¥
1.63
1.66
1.89
2.09
2.33
2.23
2.34
2.71
2.68
2.73
1.95
3.29%
4.90%
—
25.75
EPS growth%
20.40
22.18
19.44
18.65
18.19
19.84
22.51
21.32
21.49
22.99
21.16
21.49
20.86
9
1.89
Bookvalue per sh¥
1.75
1.66
1.50
1.41
1.33
1.24
1.24
1.20
1.09
1.03
2.50
(4.94%)
(4.39%)
—
1.00
FCF per share¥
1.41
1.43
1.42
1.41
1.42
1.48
1.30
1.11
1.08
0.92
0.60
(8.39%)
(5.67%)
—
1.31
Dividend per sh¥
1.97
1.84
1.71
1.73
1.95
2.07
1.98
1.96
2.12
2.35
1.56
3.83%
1.35%
—
19.31
Div yield (avg)%
26.48
23.54
21.74
21.76
18.84
16.23
18.92
17.27
17.41
15.91
20.38
17.27
18.88
69
22.32
Payout ratio%
16.30
17.76
17.10
16.33
16.46
13.98
14.19
14.13
11.77
11.65
6.50
13.98
15.24
53
311.9
Shares (diluted)M
211.0
230.6
248.4
227.1
216.5
225.2
217.3
197.6
197.1
214.3
309.6
(0.21%)
(0.69%)
58
26.11
Buyback yield%
11.50
12.01
10.14
11.31
12.05
14.81
16.71
18.57
16.15
17.07
9.39
16.71
13.43
94
1.155
D/E ratiox
1.940
2.031
2.192
2.013
2.159
2.219
2.015
2.140
2.284
2.153
0.434
2.153
2.147
9
2.512
Enterprise value¥B
1.323
1.560
1.837
2.070
2.380
2.518
2.752
2.843
3.051
3.300
2.199
6.75%
10.04%
23
1.644
LT debt¥B
2.804
2.535
2.437
2.228
2.526
2.441
2.761
2.887
2.698
2.664
0.469
1.07%
0.09%
76
Revenue
¥2.506B
4.14%
1.00×
Cost of revenue
¥1.287B
4.00%
0.99×
Operating expenses
¥473.2M
4.14%
1.00×
Goodwill & intangibles
18.22%
Cash and investments
16.57%
Spread over hurdle
(0.47%)