335.8
Revenue¥M
420.6
464.0
501.9
558.5
609.6
661.5
721.1
786.0
864.9
924.0
352.2
8.68%
8.98%
90
2.94
Revenue growth%
11.65
10.16
11.39
12.04
11.27
11.78
13.91
15.07
12.75
15.31
16.03
13.91
11.91
73
29.69
Gross margin%
13.87
11.14
12.18
12.58
12.65
11.05
9.84
10.63
10.69
11.16
27.22
10.69
11.15
9
22.66
Operating margin%
26.70
23.86
24.16
22.38
23.37
26.15
23.56
20.96
23.45
25.38
3.69
23.56
23.71
39
15.64
Net margin%
22.71
20.89
22.76
25.27
27.32
30.22
31.31
31.69
33.49
33.05
7.43
31.69
28.77
53
22.11
P/E ratio (avg)x
8.429
7.859
7.992
7.794
8.169
8.634
8.657
9.947
10.41
11.63
19.75
9.947
8.531
73
11.14
EV/EBITx
49.45
48.07
53.44
62.50
72.08
82.28
96.39
112.2
108.2
105.3
24.38
105.3
77.18
24
21.40
FCF yield (avg)%
18.63
21.41
21.69
22.58
23.82
21.40
23.51
23.24
25.27
23.06
16.11
23.24
22.82
16
5.64
FCF margin%
0.40
0.40
0.66
3.10
4.68
5.84
7.23
9.44
8.20
7.17
3.73
7.23
5.26
69
1.660
FCF / Net incomex
0.271
0.260
0.225
0.208
0.198
0.176
0.162
0.155
0.158
0.165
1.423
0.162
0.187
72
16.25
ROIC%
19.69
22.29
24.15
23.79
22.51
19.76
22.34
22.77
22.97
23.70
8.02
22.77
22.64
20
25.59
Return on equity%
12.67
13.21
13.48
10.82
11.93
10.90
8.68
8.74
11.49
8.70
21.85
8.74
11.19
68
2.86
Return on assets%
21.20
19.95
17.73
15.28
14.70
14.36
11.90
14.06
11.21
12.86
16.58
12.86
14.53
84
1.64
EPS¥
1.94
2.07
2.04
2.20
2.46
2.50
2.86
3.33
3.69
3.75
1.76
8.80%
6.75%
—
5.29
EPS growth%
23.75
21.71
20.13
21.28
22.79
25.08
22.86
21.16
20.14
18.19
16.19
21.16
21.49
19
1.92
Bookvalue per sh¥
1.13
1.10
1.12
1.11
1.30
1.31
1.24
1.23
1.18
1.30
1.91
(0.02%)
2.09%
—
1.34
FCF per share¥
0.35
0.36
0.35
0.40
0.36
0.41
0.44
0.40
0.41
0.43
0.72
3.60%
1.35%
—
1.51
Dividend per sh¥
1.32
1.39
1.25
1.39
1.37
1.37
1.43
1.59
1.60
1.53
0.40
2.22%
1.37%
—
7.20
Div yield (avg)%
13.22
14.30
16.03
17.85
19.49
20.49
17.58
16.89
14.89
14.99
13.19
16.89
16.46
15
2.61
Payout ratio%
29.01
28.38
28.22
27.51
27.74
27.19
26.51
29.10
28.95
29.19
19.28
28.95
28.30
48
321.4
Shares (diluted)M
252.5
238.7
214.8
208.0
198.4
176.8
187.5
192.3
164.6
144.8
314.5
(6.11%)
(6.18%)
51
26.33
Buyback yield%
14.57
16.18
17.32
15.42
14.71
14.36
15.64
13.34
13.85
16.72
28.11
14.36
15.06
86
0.145
D/E ratiox
1.107
1.289
1.229
1.328
1.434
1.386
1.624
1.550
1.579
1.768
0.515
1.579
1.410
74
0.223
Enterprise value¥B
1.288
1.489
1.767
2.068
2.435
2.424
2.639
2.758
2.841
3.105
0.224
4.98%
10.82%
51
0.060
LT debt¥B
0.591
0.642
0.675
0.670
0.750
0.846
0.959
0.967
1.074
1.159
0.059
9.10%
6.78%
57
Revenue
¥924.0M
8.98%
1.00×
Cost of revenue
¥646.8M
8.98%
1.00×
Operating expenses
¥188.4M
8.82%
0.99×
Goodwill & intangibles
14.36%
Spread over hurdle
16.21%