276.0
Revenue¥M
275.2
299.5
318.1
342.5
366.5
403.2
431.1
467.0
510.7
544.0
295.4
8.22%
8.04%
9
17.90
Revenue growth%
23.55
22.30
19.38
18.19
19.04
18.22
20.54
17.83
16.47
17.16
26.19
17.83
18.63
57
28.79
Gross margin%
27.78
30.59
27.97
29.65
30.47
31.03
33.25
33.90
34.96
32.99
7.42
33.25
30.81
18
28.89
Operating margin%
2.54
0.40
0.40
0.40
0.40
0.40
0.40
2.18
4.11
5.64
13.75
2.18
0.40
16
3.37
Net margin%
18.23
19.59
20.44
21.34
23.88
26.88
25.90
26.72
28.95
27.28
4.22
26.88
24.89
13
36.63
P/E ratio (avg)x
31.66
34.11
38.10
41.60
40.98
45.61
52.80
59.44
67.44
75.48
35.24
59.44
43.61
8
20.19
EV/EBITx
19.77
19.89
20.56
22.61
25.96
25.92
27.12
28.24
27.17
27.49
14.83
27.17
25.94
28
8.80
FCF yield (avg)%
28.34
30.77
31.76
33.15
33.37
34.02
31.20
33.36
31.83
32.97
16.26
32.97
32.40
64
24.96
FCF margin%
17.10
14.45
12.38
15.18
12.93
11.05
10.10
10.75
8.82
6.24
24.77
10.10
11.71
60
0.492
FCF / Net incomex
1.741
1.829
1.879
1.802
1.698
1.825
1.812
1.862
2.021
2.248
1.665
1.862
1.827
15
10.33
ROIC%
5.28
5.07
7.04
8.20
6.08
5.18
4.13
1.94
3.01
0.40
12.68
3.01
5.13
11
20.77
Return on equity%
27.96
25.88
26.40
23.97
26.95
27.71
28.05
30.55
32.86
33.74
3.62
30.55
27.84
80
2.60
Return on assets%
20.71
20.37
19.78
21.95
24.89
22.53
21.41
20.78
19.19
17.48
22.32
20.78
20.75
33
0.83
EPS¥
2.16
2.56
2.78
3.10
3.05
3.40
3.86
4.22
4.58
5.33
0.89
11.76%
11.44%
—
27.06
EPS growth%
34.15
35.68
35.76
34.67
32.39
34.39
32.11
30.30
32.18
30.45
8.95
32.11
33.27
92
0.52
Bookvalue per sh¥
1.58
1.57
1.53
1.65
1.76
1.59
1.41
1.42
1.33
1.32
0.55
(5.54%)
(1.14%)
—
1.88
FCF per share¥
0.98
1.02
1.07
1.13
1.26
1.27
1.40
1.40
1.46
1.64
0.97
5.42%
7.03%
—
1.12
Dividend per sh¥
1.69
1.94
2.03
2.19
2.36
2.44
2.65
2.82
2.94
3.49
1.65
8.11%
8.16%
—
24.40
Div yield (avg)%
4.53
2.14
0.40
0.40
3.12
4.87
2.49
0.40
0.40
1.71
14.46
1.71
1.93
79
10.48
Payout ratio%
8.45
10.30
12.41
14.68
11.90
13.67
13.06
11.29
10.16
7.97
11.09
11.29
11.59
22
336.5
Shares (diluted)M
443.1
495.1
526.0
558.3
575.9
642.2
713.6
813.4
777.5
917.3
351.0
9.76%
8.77%
87
3.39
Buyback yield%
9.01
6.09
8.63
9.43
9.14
10.75
13.71
11.15
8.95
10.22
5.21
10.75
9.28
53
1.732
D/E ratiox
1.239
1.268
1.137
1.121
1.013
0.982
0.869
0.815
0.902
0.962
1.016
0.902
0.998
55
308.1
Enterprise value¥M
351.3
354.9
361.4
323.9
286.3
276.5
263.6
273.8
286.2
277.1
440.1
(0.65%)
(2.81%)
21
53.57
LT debt¥M
45.08
52.17
56.68
66.00
75.62
78.90
94.59
111.8
112.6
134.7
377.7
12.24%
12.63%
65
Revenue
¥544.0M
8.04%
1.00×
Cost of revenue
¥250.2M
7.90%
0.99×
Operating expenses
¥114.5M
8.27%
1.02×
Goodwill & intangibles
14.06%
Spread over hurdle
16.64%