327.7
Revenue¥M
399.4
415.9
437.6
453.0
473.1
511.4
536.0
574.3
609.0
660.8
341.2
6.91%
5.92%
33
3.67
Revenue growth%
0.40
0.40
0.40
0.40
3.23
2.72
4.81
3.50
2.90
3.74
26.28
3.50
2.81
10
17.57
Gross margin%
16.58
14.49
13.91
15.29
16.49
19.17
16.89
15.70
14.86
16.93
3.04
16.89
16.10
57
5.60
Operating margin%
23.44
24.79
26.17
26.58
24.97
27.41
29.89
29.05
31.29
29.40
24.75
29.40
27.00
22
21.04
Net margin%
31.14
30.33
31.89
29.30
26.40
28.68
28.77
28.19
25.56
22.66
19.13
28.19
28.73
44
11.33
P/E ratio (avg)x
15.42
17.02
17.77
19.33
20.89
22.71
21.01
21.02
21.33
20.13
36.91
21.02
20.51
51
24.63
EV/EBITx
25.34
29.16
27.57
26.46
24.49
24.84
28.03
27.43
31.34
31.69
17.19
28.03
27.50
49
14.07
FCF yield (avg)%
1.96
0.89
0.40
3.28
0.54
0.82
0.40
1.76
0.76
0.40
15.06
0.76
0.79
24
10.01
FCF margin%
32.33
33.40
31.75
30.55
31.35
30.33
28.26
27.49
26.43
26.79
25.33
27.49
30.44
15
0.617
FCF / Net incomex
2.428
2.356
2.694
3.174
3.540
3.926
4.511
4.773
5.565
5.287
1.599
4.773
3.733
71
17.96
ROIC%
10.71
12.81
14.86
16.70
18.48
16.96
17.79
15.94
16.24
17.89
8.08
16.96
16.47
47
28.31
Return on equity%
20.82
19.86
17.00
17.05
14.07
15.39
16.60
13.62
13.30
15.93
28.17
15.39
16.27
86
9.49
Return on assets%
18.24
19.84
19.24
19.45
18.12
17.50
15.75
17.95
16.22
15.70
14.69
16.22
18.04
91
0.38
EPS¥
1.81
2.03
2.42
2.65
2.61
3.10
3.11
3.70
4.30
4.58
0.42
11.96%
9.62%
—
9.03
EPS growth%
30.17
31.20
29.43
27.38
26.70
27.94
29.93
27.23
29.58
27.03
25.34
27.94
28.69
78
1.14
Bookvalue per sh¥
0.60
0.65
0.64
0.66
0.73
0.78
0.82
0.92
1.01
1.10
2.42
8.58%
6.44%
—
2.51
FCF per share¥
1.31
1.22
1.17
1.16
1.09
1.11
1.07
0.98
1.00
0.87
0.47
(4.39%)
(3.64%)
—
0.68
Dividend per sh¥
2.73
3.06
3.46
3.56
3.49
3.86
4.11
4.25
4.39
5.02
1.25
7.55%
6.04%
—
24.26
Div yield (avg)%
24.44
27.01
24.60
27.48
29.53
31.62
34.27
35.02
33.21
33.26
4.37
33.26
30.58
44
25.44
Payout ratio%
7.75
9.20
9.25
9.63
11.04
12.39
13.92
14.32
12.87
14.30
6.69
13.92
11.71
18
138.9
Shares (diluted)M
201.4
228.6
208.8
205.8
203.9
191.0
179.2
173.6
180.1
187.2
138.6
(1.70%)
0.44%
65
25.98
Buyback yield%
10.01
9.53
10.51
9.17
11.35
12.57
10.28
7.66
9.73
7.28
17.98
9.73
9.87
78
0.655
D/E ratiox
0.850
0.816
0.904
1.066
1.269
1.416
1.538
1.704
1.710
1.678
0.928
1.678
1.342
50
72.72
Enterprise value¥M
222.7
244.7
257.7
258.8
277.4
316.0
358.8
398.8
468.1
482.7
467.8
11.72%
7.90%
26
0.357
LT debt¥B
0.773
0.862
1.016
1.040
1.194
1.395
1.442
1.476
1.449
1.405
0.314
3.30%
7.80%
49
Revenue
¥660.8M
5.92%
1.00×
Cost of revenue
¥377.8M
5.66%
0.98×
Operating expenses
¥157.7M
6.04%
1.01×
Property and equipment
13.63%
Spread over hurdle
(0.07%)