390.2
Revenue¥M
328.6
355.0
379.2
399.9
428.3
452.7
479.1
506.4
530.0
576.6
398.0
6.13%
6.30%
50
12.97
Revenue growth%
17.10
19.15
20.98
20.18
21.83
21.70
21.95
19.06
22.05
22.60
10.23
21.95
21.34
63
20.27
Gross margin%
25.43
27.42
26.01
23.95
23.04
21.56
22.76
23.84
26.08
24.43
4.44
23.84
24.19
81
9.09
Operating margin%
28.43
28.97
31.45
30.93
28.07
25.48
25.54
25.93
23.57
22.88
24.24
25.48
27.00
30
8.68
Net margin%
14.72
17.52
17.40
17.05
17.63
16.85
19.31
18.29
15.96
13.92
3.97
16.85
17.23
82
14.30
P/E ratio (avg)x
22.06
22.28
23.10
22.21
19.76
18.09
18.59
17.07
16.53
14.36
28.62
17.07
19.18
21
18.08
EV/EBITx
14.77
15.41
15.88
14.42
15.21
14.90
13.53
14.48
14.90
13.95
8.772
14.48
14.84
35
29.04
FCF yield (avg)%
26.72
23.95
25.14
28.12
29.80
31.08
32.70
31.80
32.82
30.11
5.46
31.80
29.95
86
13.67
FCF margin%
5.05
6.74
7.87
5.82
7.86
5.74
2.82
1.50
2.39
4.83
2.50
2.82
5.40
61
0.671
FCF / Net incomex
0.505
0.537
0.508
0.477
0.503
0.467
0.428
0.426
0.422
0.424
0.931
0.426
0.472
83
8.23
ROIC%
9.78
10.65
12.47
13.72
15.05
17.26
19.55
19.91
20.41
20.56
16.84
19.91
16.16
82
25.53
Return on equity%
5.50
5.51
5.58
6.54
3.97
5.61
4.25
6.41
9.06
9.93
22.75
6.41
5.59
29
12.15
Return on assets%
6.46
6.95
6.47
6.49
3.91
4.35
3.70
2.78
0.40
0.74
10.69
2.78
4.13
50
0.21
EPS¥
1.24
1.23
1.26
1.29
1.26
1.36
1.29
1.26
1.20
1.22
0.23
(0.52%)
(1.18%)
—
20.01
EPS growth%
26.23
28.28
27.68
28.99
26.13
26.29
26.18
24.36
21.75
19.92
29.80
24.36
26.21
20
0.64
Bookvalue per sh¥
0.42
0.38
0.43
0.49
0.47
0.44
0.49
0.45
0.44
0.49
0.79
0.67%
0.84%
—
0.33
FCF per share¥
0.87
0.92
0.89
0.97
0.92
1.05
1.14
1.14
1.11
1.08
0.86
3.29%
3.32%
—
0.81
Dividend per sh¥
0.45
0.45
0.43
0.44
0.39
0.35
0.30
0.33
0.32
0.32
0.58
(4.02%)
(2.91%)
—
16.96
Div yield (avg)%
28.50
26.90
28.91
29.15
27.38
24.84
22.23
20.00
21.24
23.70
21.13
22.23
25.87
37
14.31
Payout ratio%
21.15
19.91
18.00
19.91
17.75
15.38
15.04
16.33
13.68
11.90
8.56
15.04
17.04
78
300.4
Shares (diluted)M
367.1
401.5
439.7
401.6
396.2
425.5
420.1
403.8
383.8
347.1
298.9
(2.62%)
0.20%
54
5.26
Buyback yield%
20.12
19.00
16.40
19.25
18.12
20.09
20.34
20.24
17.38
19.52
29.18
20.09
19.38
88
1.245
D/E ratiox
0.634
0.619
0.588
0.542
0.483
0.507
0.456
0.456
0.469
0.438
1.034
0.456
0.495
80
26.65
Enterprise value¥M
353.3
425.6
452.4
494.8
554.9
651.8
747.5
852.5
889.8
991.5
444.4
12.31%
12.40%
58
465.2
LT debt¥M
69.05
80.26
87.40
96.56
99.64
94.63
100.4
101.8
112.6
114.8
499.4
2.87%
4.96%
6
Revenue
¥576.6M
6.30%
1.00×
Cost of revenue
¥403.6M
6.30%
1.00×
Operating expenses
¥128.8M
6.12%
0.98×
Spread over hurdle
(3.67%)