3.505
Revenue¥M
3.482
3.768
4.048
4.372
4.700
5.176
5.526
5.879
6.392
6.957
3.652
8.16%
8.10%
21
29.05
Revenue growth%
32.88
33.18
36.05
33.46
35.50
36.99
34.09
32.20
32.25
31.66
18.59
32.25
33.32
43
12.47
Gross margin%
6.98
8.87
8.33
8.60
6.76
4.53
2.16
0.68
3.00
4.10
16.18
3.00
5.64
74
14.16
Operating margin%
12.32
10.42
11.84
13.55
12.36
13.09
12.25
11.84
14.09
12.26
13.52
12.26
12.29
42
23.51
Net margin%
18.00
15.59
17.35
17.33
14.95
13.04
11.97
12.76
10.19
11.75
2.90
11.97
14.00
43
28.11
P/E ratio (avg)x
22.80
22.13
21.02
20.79
21.31
19.81
19.54
17.71
17.72
15.92
34.18
17.72
20.30
45
12.87
EV/EBITx
12.36
12.20
13.84
13.70
13.18
15.35
15.00
16.30
16.29
18.48
31.84
16.29
14.42
27
18.12
FCF yield (avg)%
3.38
1.34
0.40
0.40
0.52
2.26
2.46
4.71
4.65
7.12
24.13
4.65
2.36
56
4.25
FCF margin%
21.77
19.50
17.12
16.19
18.72
21.48
24.24
23.40
22.28
22.36
4.80
22.36
21.63
65
0.732
FCF / Net incomex
1.432
1.383
1.235
1.166
1.107
1.014
0.911
0.818
0.877
0.918
1.379
0.911
1.061
54
4.28
ROIC%
8.81
7.77
10.06
8.00
6.81
7.68
9.61
10.23
12.94
15.07
11.41
10.23
9.21
41
17.19
Return on equity%
36.71
36.62
38.55
37.10
38.61
35.86
37.86
39.12
39.33
38.87
20.35
38.87
38.20
29
9.55
Return on assets%
1.98
0.40
0.40
3.33
0.43
1.44
3.09
5.58
5.79
8.45
5.50
5.58
2.54
34
0.05
EPS¥
0.10
0.09
0.08
0.08
0.07
0.07
0.07
0.06
0.07
0.07
0.05
1.00%
(3.92%)
—
12.26
EPS growth%
25.40
27.30
26.00
24.85
24.23
22.51
21.16
23.03
20.93
22.67
8.96
22.51
23.63
6
0.03
Bookvalue per sh¥
0.14
0.14
0.15
0.15
0.14
0.12
0.11
0.10
0.10
0.11
0.11
(3.63%)
(2.62%)
—
0.08
FCF per share¥
0.04
0.04
0.05
0.05
0.05
0.06
0.07
0.06
0.06
0.07
0.05
6.91%
6.56%
—
0.13
Dividend per sh¥
0.06
0.06
0.07
0.06
0.06
0.05
0.05
0.05
0.04
0.04
0.08
(8.38%)
(6.06%)
—
2.66
Div yield (avg)%
17.87
16.82
16.43
17.64
16.06
13.25
15.92
13.38
13.82
15.78
23.71
13.82
15.99
66
20.36
Payout ratio%
14.16
17.09
18.93
20.51
17.69
14.77
16.55
15.61
12.82
10.55
2.51
14.77
16.08
8
11.93
Shares (diluted)M
9.709
8.994
9.379
8.492
8.515
7.844
8.735
9.564
9.193
10.26
11.99
3.79%
(0.70%)
65
7.71
Buyback yield%
24.24
26.23
28.42
28.09
28.20
27.91
29.60
26.88
24.70
24.19
17.23
26.88
27.39
31
1.607
D/E ratiox
1.502
1.318
1.187
1.146
1.264
1.305
1.312
1.254
1.392
1.379
1.418
1.312
1.308
39
5.323
Enterprise value¥M
8.481
8.266
8.815
9.042
9.133
9.853
11.15
10.81
11.61
11.44
5.610
4.60%
2.90%
37
3.310
LT debt¥M
7.360
6.766
7.206
7.565
8.524
9.452
10.69
10.65
9.701
10.32
1.920
3.90%
3.58%
68
Revenue
¥6.957M
8.10%
1.00×
Cost of revenue
¥3.942M
7.96%
0.99×
Operating expenses
¥1.699M
8.46%
1.03×
Spread over hurdle
(0.17%)