160.0
Revenue¥M
278.8
297.8
317.0
335.2
363.0
379.5
409.2
438.4
461.0
497.2
175.2
6.50%
6.50%
31
18.28
Revenue growth%
28.59
27.89
28.88
29.66
28.10
26.53
24.97
23.54
21.14
22.03
23.08
23.54
27.21
34
14.49
Gross margin%
16.58
15.80
16.47
13.72
15.67
14.73
14.20
17.06
18.05
19.56
20.47
17.06
16.14
37
29.84
Operating margin%
13.94
14.32
16.87
15.40
17.66
20.56
21.07
23.26
25.56
23.47
19.82
23.26
19.11
87
19.06
Net margin%
14.12
14.64
12.95
14.69
13.88
16.05
14.56
12.78
12.37
13.25
21.00
13.25
14.00
59
18.50
P/E ratio (avg)x
36.23
31.96
28.11
31.20
31.57
33.35
33.44
32.66
31.88
33.80
10.09
33.35
32.31
76
17.63
EV/EBITx
40.75
47.99
55.48
56.60
64.56
68.92
80.04
92.18
103.5
122.2
7.865
92.18
66.74
37
29.79
FCF yield (avg)%
19.96
18.48
16.05
13.16
15.61
16.84
19.64
19.76
22.52
22.32
9.56
19.76
19.06
37
27.64
FCF margin%
13.88
12.33
14.02
16.50
16.49
19.44
16.90
18.37
17.67
17.14
28.26
17.67
16.70
68
1.430
FCF / Net incomex
0.959
0.906
0.936
0.944
0.936
0.914
0.924
0.793
0.776
0.828
0.207
0.828
0.919
50
7.56
ROIC%
11.80
10.70
9.39
12.32
9.98
11.46
10.99
12.71
11.78
13.03
17.48
11.78
11.62
44
22.76
Return on equity%
17.44
18.08
16.24
14.97
15.76
15.15
16.25
16.16
16.96
14.32
25.82
16.16
16.20
17
6.45
Return on assets%
19.93
17.03
16.75
15.25
13.69
12.28
13.89
11.21
12.31
14.94
2.62
12.31
14.41
92
0.96
EPS¥
2.44
2.54
2.75
2.87
2.92
2.86
3.04
3.06
3.46
3.93
1.06
6.08%
5.72%
—
17.42
EPS growth%
6.11
6.23
7.98
9.01
6.52
4.64
4.61
4.92
4.01
5.29
29.50
4.64
5.70
73
0.24
Bookvalue per sh¥
0.87
0.77
0.69
0.64
0.58
0.55
0.49
0.52
0.49
0.48
1.18
(3.64%)
(5.70%)
—
0.24
FCF per share¥
0.98
1.08
1.18
1.25
1.35
1.45
1.53
1.68
1.73
1.69
0.47
4.61%
6.70%
—
1.11
Dividend per sh¥
0.96
1.05
1.15
1.13
1.07
0.97
1.11
1.22
1.39
1.41
0.40
5.62%
4.69%
—
12.68
Div yield (avg)%
17.94
15.80
14.20
13.98
15.30
14.14
14.56
13.11
11.60
14.40
11.12
14.14
14.30
33
29.91
Payout ratio%
14.84
13.62
11.15
9.47
8.44
8.12
10.29
10.54
11.08
12.90
21.33
10.54
10.81
10
125.2
Shares (diluted)M
135.1
125.6
116.3
107.3
111.0
101.6
109.7
114.1
101.4
105.0
125.6
(1.11%)
(2.80%)
83
16.16
Buyback yield%
18.02
19.43
19.76
18.71
18.07
15.08
16.42
15.37
13.15
11.86
20.70
15.08
17.22
15
0.607
D/E ratiox
1.194
1.248
1.349
1.478
1.500
1.732
1.645
1.717
1.891
1.859
0.953
1.732
1.573
54
90.53
Enterprise value¥M
360.5
362.2
358.9
335.9
349.3
392.0
372.8
373.8
378.1
397.6
81.98
2.62%
1.31%
54
422.9
LT debt¥M
86.88
92.50
105.2
120.5
116.5
118.5
114.5
134.2
125.7
134.5
473.4
2.90%
4.35%
81
Revenue
¥497.2M
6.50%
1.00×
Cost of revenue
¥348.0M
6.50%
1.00×
Operating expenses
¥59.79M
5.39%
0.90×
Property and equipment
17.04%
Cash and investments
15.16%
Spread over hurdle
(1.92%)