281.0
Revenue¥M
152.9
164.0
175.1
184.8
197.1
206.8
226.0
237.1
259.7
281.5
296.5
7.39%
6.79%
64
2.36
Revenue growth%
24.07
22.00
22.50
21.48
20.50
20.83
18.60
15.99
15.18
12.72
28.08
15.99
20.66
75
5.99
Gross margin%
13.18
12.65
12.36
13.56
13.63
12.18
12.00
13.48
13.66
13.37
20.71
13.37
13.27
78
11.40
Operating margin%
21.48
21.67
23.20
20.30
21.43
23.76
22.00
24.66
25.32
22.37
6.16
23.76
22.19
44
15.90
Net margin%
30.50
28.88
26.70
24.57
25.75
24.57
26.41
25.60
27.50
25.94
27.76
25.94
26.17
51
11.96
P/E ratio (avg)x
37.81
36.63
34.84
31.52
33.79
31.77
33.95
35.25
35.54
37.09
29.18
35.25
35.05
19
28.62
EV/EBITx
6.386
6.628
5.916
5.160
4.897
4.689
4.880
4.981
5.269
5.597
28.41
4.981
5.214
23
27.30
FCF yield (avg)%
9.80
7.65
8.31
6.77
8.24
6.55
5.88
4.64
3.74
6.38
12.82
5.88
6.66
12
2.64
FCF margin%
30.14
32.08
34.30
34.81
36.44
35.70
34.34
32.51
31.97
29.53
29.67
32.51
33.40
26
1.262
FCF / Net incomex
1.567
1.628
1.754
1.905
2.025
1.749
1.846
1.830
1.606
1.730
1.431
1.749
1.752
94
28.57
ROIC%
21.01
20.73
20.96
18.73
16.50
17.88
14.89
17.67
17.02
18.93
18.27
17.67
18.31
68
28.48
Return on equity%
11.89
14.58
12.88
13.58
16.04
17.76
20.39
18.18
16.44
17.62
5.67
17.76
16.24
91
27.93
Return on assets%
15.36
15.01
15.69
17.90
20.35
18.80
16.23
17.68
16.90
19.78
28.14
17.68
17.29
85
0.47
EPS¥
0.66
0.71
0.68
0.72
0.69
0.75
0.77
0.84
0.95
1.03
0.51
8.31%
4.03%
—
12.77
EPS growth%
11.81
12.52
14.80
14.03
13.90
14.10
11.52
12.20
12.16
14.38
8.75
12.20
13.21
64
0.20
Bookvalue per sh¥
0.26
0.28
0.30
0.29
0.27
0.29
0.30
0.28
0.31
0.31
0.14
2.91%
0.83%
—
0.37
FCF per share¥
0.07
0.08
0.08
0.07
0.06
0.06
0.05
0.05
0.05
0.04
0.27
(7.40%)
(4.59%)
—
0.39
Dividend per sh¥
0.21
0.24
0.25
0.27
0.30
0.30
0.34
0.33
0.31
0.33
0.15
1.40%
5.70%
—
9.94
Div yield (avg)%
7.28
8.80
8.35
8.38
10.77
8.43
7.68
8.49
8.71
11.46
29.84
8.49
8.46
28
29.97
Payout ratio%
29.54
31.32
29.21
29.54
31.62
32.09
29.10
27.02
25.01
24.19
15.58
27.02
29.38
47
338.5
Shares (diluted)M
322.6
302.0
346.1
374.6
374.2
373.4
408.1
411.6
476.8
442.7
345.2
3.42%
2.70%
66
16.77
Buyback yield%
10.17
11.22
10.36
12.01
12.59
9.62
8.79
11.32
12.58
11.63
3.10
11.32
11.27
95
0.564
D/E ratiox
1.880
2.193
2.135
2.154
2.253
2.240
2.463
2.381
2.689
3.147
0.637
2.463
2.246
50
223.5
Enterprise value¥M
214.4
220.4
239.1
224.4
223.5
213.7
214.2
233.7
200.6
209.3
186.6
(1.31%)
(1.35%)
43
150.8
LT debt¥M
40.71
42.93
49.37
50.18
48.70
56.63
62.87
65.22
65.29
70.34
67.20
7.63%
6.85%
26
Revenue
¥281.5M
6.79%
1.00×
Cost of revenue
¥193.9M
6.76%
1.00×
Operating expenses
¥65.55M
7.01%
1.02×
Goodwill & intangibles
15.18%
Spread over hurdle
(4.88%)