408.0
Revenue¥M
366.2
384.3
407.2
435.6
469.7
495.8
532.8
555.0
599.3
644.0
452.3
6.52%
6.26%
20
10.12
Revenue growth%
8.91
8.16
10.41
7.46
8.79
9.79
10.65
10.27
12.26
12.77
15.47
10.65
10.03
67
25.06
Gross margin%
24.72
23.55
21.10
20.93
23.18
23.07
23.35
22.53
21.42
21.37
7.42
22.53
22.80
10
4.15
Operating margin%
20.77
18.85
19.54
17.66
18.15
20.58
18.10
15.90
13.19
10.60
25.25
15.90
18.12
37
29.17
Net margin%
22.22
22.11
22.58
23.54
24.43
23.52
22.98
24.38
21.87
23.26
15.45
23.26
23.12
47
21.64
P/E ratio (avg)x
12.45
11.02
12.25
12.46
12.29
13.46
12.04
12.61
12.51
12.52
22.20
12.52
12.45
59
22.58
EV/EBITx
20.73
19.91
18.27
15.89
14.24
14.10
12.01
11.34
10.95
9.583
22.01
11.34
14.17
86
16.56
FCF yield (avg)%
4.91
4.82
2.36
2.24
1.04
2.57
5.17
6.12
6.15
7.26
23.31
6.12
4.87
67
6.27
FCF margin%
18.54
16.22
18.62
20.35
20.36
22.12
22.09
21.64
23.74
26.37
25.06
22.12
21.00
33
1.164
FCF / Net incomex
1.993
1.916
2.017
1.884
2.016
2.060
2.032
2.301
2.349
2.493
0.804
2.301
2.024
18
27.77
ROIC%
15.90
16.91
19.48
17.05
19.98
22.71
20.30
19.69
18.29
21.26
18.30
20.30
19.58
70
20.63
Return on equity%
10.21
9.98
11.49
10.94
12.98
14.77
16.63
19.62
19.43
17.26
15.98
17.26
13.88
29
14.88
Return on assets%
11.06
9.39
9.44
10.25
8.56
6.29
3.46
5.19
8.01
6.18
19.59
6.18
8.29
75
2.70
EPS¥
3.50
3.28
3.09
3.28
3.02
2.96
2.78
3.17
3.56
3.65
2.82
3.87%
1.19%
—
9.88
EPS growth%
12.13
12.56
14.39
17.30
18.77
20.46
20.96
21.82
18.94
18.79
11.27
20.46
18.78
30
3.12
Bookvalue per sh¥
1.92
1.77
1.86
1.74
1.99
1.98
2.28
2.59
2.89
2.88
2.95
7.62%
5.32%
—
0.57
FCF per share¥
2.99
2.94
3.24
3.87
4.12
4.08
4.79
5.36
5.53
5.99
2.61
7.74%
6.88%
—
2.33
Dividend per sh¥
2.81
2.95
2.88
2.99
3.32
3.67
3.85
4.08
4.39
4.78
2.09
7.52%
5.18%
—
9.12
Div yield (avg)%
14.33
15.41
16.87
19.17
20.85
21.80
23.09
21.93
21.99
23.20
28.57
21.99
21.32
6
28.80
Payout ratio%
16.98
14.54
15.56
14.20
14.29
13.11
15.98
15.24
13.63
11.96
19.86
13.63
14.41
31
181.6
Shares (diluted)M
169.6
186.6
179.4
193.9
205.0
217.9
199.6
214.6
228.8
218.8
187.4
1.31%
2.32%
58
14.78
Buyback yield%
16.09
15.60
15.06
17.07
14.96
13.98
14.94
13.73
14.19
13.16
23.78
13.98
14.95
77
1.334
D/E ratiox
2.073
2.089
2.048
2.126
2.402
2.813
3.030
3.220
3.203
3.250
0.579
3.203
2.607
61
183.7
Enterprise value¥M
238.8
238.3
231.8
236.9
231.7
259.1
255.2
254.6
284.1
311.3
188.8
6.09%
1.67%
29
0.145
LT debt¥B
0.852
0.846
0.964
0.981
1.089
1.246
1.423
1.585
1.550
1.649
0.385
8.65%
7.88%
61
Revenue
¥644.0M
6.26%
1.00×
Cost of revenue
¥415.4M
6.23%
1.00×
Operating expenses
¥146.4M
5.92%
0.97×
Property and equipment
17.49%
Goodwill & intangibles
16.03%
Spread over hurdle
(3.22%)