119.6
Revenue¥M
531.4
569.1
597.8
640.4
670.8
706.9
758.3
800.5
873.7
928.1
132.5
6.71%
6.57%
58
11.74
Revenue growth%
11.08
10.03
11.92
12.37
10.92
12.24
9.67
8.35
7.35
8.56
29.79
8.56
10.47
52
15.75
Gross margin%
17.74
19.67
20.70
23.62
21.17
22.60
20.30
18.66
20.78
18.23
16.61
20.30
20.50
91
10.23
Operating margin%
28.01
25.91
24.84
23.65
22.59
21.65
23.19
20.90
19.53
18.82
24.01
20.90
22.89
81
25.90
Net margin%
29.40
29.28
26.95
26.19
25.29
27.53
29.57
26.79
23.96
26.25
8.03
26.79
26.87
82
20.32
P/E ratio (avg)x
23.31
23.63
20.42
19.87
19.25
19.88
17.82
17.02
16.04
16.85
26.91
17.02
19.56
24
34.06
EV/EBITx
17.83
18.90
17.98
20.70
23.67
24.34
22.65
21.66
20.73
19.87
27.71
21.66
20.72
41
23.02
FCF yield (avg)%
25.07
23.00
25.84
28.31
25.68
25.29
25.90
24.74
25.87
23.62
28.85
25.29
25.48
67
19.30
FCF margin%
12.71
13.90
16.00
15.23
17.40
15.20
17.79
17.73
20.31
20.54
11.38
17.79
16.70
66
0.282
FCF / Net incomex
0.753
0.816
0.729
0.653
0.699
0.651
0.641
0.670
0.680
0.612
1.424
0.651
0.675
74
10.87
ROIC%
22.79
23.01
25.55
22.61
25.55
26.96
27.36
25.70
25.53
27.49
12.79
26.96
25.55
13
9.12
Return on equity%
25.20
24.27
22.00
24.25
25.81
22.99
24.46
23.33
26.16
25.63
5.18
24.46
24.37
30
3.20
Return on assets%
25.08
24.38
23.74
25.24
25.32
24.08
25.52
24.75
26.60
27.63
20.31
25.52
25.16
82
2.64
EPS¥
1.64
1.75
1.82
1.83
1.85
2.16
2.48
2.81
2.73
3.11
2.77
10.86%
7.88%
—
21.72
EPS growth%
19.57
22.40
23.42
26.25
28.26
25.34
24.93
25.96
25.72
27.25
6.50
25.72
25.53
19
0.93
Bookvalue per sh¥
1.59
1.75
1.70
1.97
2.07
2.45
2.92
2.84
3.34
3.42
1.85
10.54%
7.86%
—
2.79
FCF per share¥
2.38
2.79
2.90
2.98
2.91
3.29
3.48
3.55
3.49
3.74
2.25
5.12%
4.06%
—
1.42
Dividend per sh¥
3.79
3.94
4.09
4.42
4.61
5.20
4.91
5.32
5.03
5.56
3.02
3.82%
4.93%
—
10.32
Div yield (avg)%
13.89
12.77
13.88
12.97
15.84
14.81
13.71
15.01
13.63
13.43
24.27
13.71
13.80
39
6.08
Payout ratio%
0.40
0.40
0.40
0.40
1.24
1.01
0.40
0.40
0.40
0.40
8.36
0.40
0.40
23
113.3
Shares (diluted)M
115.0
107.8
108.7
104.8
103.5
104.6
97.06
97.58
91.19
101.7
119.3
(0.35%)
(1.17%)
46
5.60
Buyback yield%
24.90
25.13
23.92
22.80
20.52
19.77
21.84
21.10
20.42
22.21
8.40
21.10
22.03
62
1.358
D/E ratiox
1.650
1.934
2.270
2.329
2.597
2.449
2.535
2.897
3.075
3.179
0.142
2.897
2.492
31
566.9
Enterprise value¥M
246.0
263.8
274.2
290.1
250.6
240.2
257.3
250.7
239.6
255.4
761.3
0.38%
1.02%
25
0.361
LT debt¥B
0.793
0.812
0.879
0.951
1.056
1.091
1.082
1.217
1.180
1.234
0.801
3.16%
5.27%
23
Revenue
¥928.1M
6.57%
1.00×
Cost of revenue
¥649.7M
6.57%
1.00×
Operating expenses
¥122.3M
5.51%
0.90×
Spread over hurdle
13.28%