2.407
Revenue¥B
2.827
3.035
3.178
3.380
3.632
3.938
4.184
4.433
4.696
4.931
2.622
6.30%
6.58%
17
9.24
Revenue growth%
1.05
3.58
4.50
3.33
2.20
3.29
0.47
0.40
2.48
2.55
8.89
2.48
2.51
55
23.79
Gross margin%
22.40
24.29
24.40
24.95
24.83
25.67
25.82
28.62
28.06
26.45
15.74
26.45
25.31
67
29.93
Operating margin%
9.21
9.84
7.87
6.03
4.07
6.64
6.29
4.17
6.71
4.29
10.92
6.29
6.47
21
28.79
Net margin%
29.04
31.48
32.87
33.93
32.26
29.91
29.79
30.40
31.86
34.44
13.59
30.40
31.67
54
7.670
P/E ratio (avg)x
26.51
24.77
26.96
29.20
26.81
23.38
24.24
24.24
22.81
19.71
31.77
23.38
24.51
73
22.01
EV/EBITx
25.00
24.68
28.35
29.13
32.80
35.34
41.89
42.94
49.30
52.53
29.48
42.94
34.07
20
14.91
FCF yield (avg)%
28.86
28.73
27.76
28.79
31.55
28.93
27.93
25.75
25.12
24.82
8.87
25.75
28.33
9
21.98
FCF margin%
1.77
2.92
3.39
1.10
2.34
0.87
1.56
0.40
1.53
1.21
11.15
1.21
1.55
34
1.559
FCF / Net incomex
1.009
1.049
0.976
1.095
1.231
1.239
1.136
1.267
1.249
1.421
0.342
1.249
1.184
15
25.82
ROIC%
15.40
17.47
20.02
20.27
17.93
19.16
18.22
20.41
23.28
24.79
29.20
20.41
19.59
12
5.45
Return on equity%
14.52
12.71
10.32
7.67
5.00
7.64
7.47
6.44
6.37
6.68
6.27
6.68
7.56
38
29.53
Return on assets%
23.68
26.03
27.79
28.43
28.66
27.59
25.12
24.65
23.47
20.83
7.49
24.65
25.58
39
13.54
EPS¥
9.30
10.27
10.55
12.08
13.25
14.92
17.19
16.49
18.95
20.65
14.49
9.28%
8.47%
—
9.45
EPS growth%
20.32
19.04
19.63
21.43
19.87
19.18
20.16
22.69
24.68
22.21
24.72
22.21
20.24
23
9.51
Bookvalue per sh¥
3.10
2.97
3.20
3.48
3.47
3.20
2.89
2.84
2.77
2.60
4.91
(5.64%)
(1.28%)
—
12.39
FCF per share¥
10.05
8.92
9.53
9.11
7.97
7.35
7.66
8.05
7.84
7.87
3.95
(0.24%)
(2.08%)
—
8.26
Dividend per sh¥
15.41
17.72
19.86
22.22
22.18
24.30
27.53
32.15
33.59
37.19
6.95
10.89%
10.17%
—
8.45
Div yield (avg)%
31.45
29.36
28.28
28.49
27.74
28.06
26.61
27.07
25.39
25.79
3.31
26.61
27.90
41
13.08
Payout ratio%
2.76
4.28
6.07
4.91
6.83
8.60
9.09
9.82
10.67
8.07
27.43
9.09
7.45
8
261.2
Shares (diluted)M
324.2
361.5
372.6
421.0
481.2
530.4
577.8
593.8
679.2
688.1
267.9
7.41%
8.86%
25
24.25
Buyback yield%
19.50
20.20
19.49
21.54
18.97
20.92
20.20
20.38
21.89
24.08
11.65
20.92
20.29
10
0.168
D/E ratiox
0.508
0.599
0.661
0.785
0.896
0.927
1.103
1.303
1.523
1.648
0.825
1.303
0.911
63
0.872
Enterprise value¥B
2.250
2.466
2.379
2.274
2.094
1.945
1.894
2.077
2.176
2.174
4.007
0.76%
(0.90%)
52
0.999
LT debt¥B
4.014
4.199
4.320
5.234
6.038
6.206
6.520
7.214
7.298
7.975
2.512
5.72%
9.16%
73
Revenue
¥4.931B
6.58%
1.00×
Cost of revenue
¥2.613B
6.74%
1.02×
Operating expenses
¥697.9M
6.21%
0.97×
Property and equipment
19.56%
Cash and investments
17.30%
Spread over hurdle
10.78%