1.101
Revenue¥B
0.404
0.448
0.490
0.526
0.578
0.614
0.669
0.730
0.799
0.886
1.129
8.91%
8.89%
14
4.84
Revenue growth%
2.27
0.58
0.40
1.66
0.40
2.64
4.30
3.04
1.31
2.82
25.54
2.82
1.96
29
16.43
Gross margin%
18.53
16.20
15.12
16.32
18.55
19.50
22.07
22.62
20.40
20.25
5.06
20.40
19.02
42
16.90
Operating margin%
9.66
7.20
8.51
7.65
9.66
9.28
10.42
9.93
12.07
12.29
10.94
10.42
9.66
64
2.29
Net margin%
18.72
18.85
20.69
22.66
23.16
24.53
26.81
27.80
25.37
26.64
22.67
26.64
23.84
33
17.86
P/E ratio (avg)x
30.61
31.24
28.39
27.32
25.88
22.26
21.86
21.24
23.17
22.87
32.76
22.26
24.53
89
27.32
EV/EBITx
10.69
11.68
11.22
12.78
12.69
12.13
12.06
12.21
12.73
12.99
32.00
12.21
12.17
40
25.96
FCF yield (avg)%
19.67
18.09
18.47
17.95
17.85
17.52
17.39
20.07
21.97
24.31
8.02
20.07
18.28
84
22.70
FCF margin%
25.75
24.73
25.07
26.02
26.10
23.84
25.32
23.49
20.97
21.91
7.61
23.49
24.90
94
0.842
FCF / Net incomex
0.875
0.758
0.789
0.778
0.763
0.790
0.731
0.734
0.781
0.692
1.401
0.734
0.770
68
10.61
ROIC%
19.23
20.44
22.82
21.97
24.45
21.66
20.06
21.46
21.32
21.74
8.04
21.46
21.56
72
20.73
Return on equity%
10.88
8.94
6.84
3.91
1.93
1.55
2.98
3.18
2.18
2.06
7.94
2.18
3.08
82
3.40
Return on assets%
20.21
21.79
24.38
22.29
24.48
22.05
20.69
19.53
21.74
24.41
23.32
21.74
21.92
16
1.27
EPS¥
1.08
1.09
1.02
1.10
1.00
1.00
1.09
1.01
0.92
0.85
1.32
(3.07%)
(3.06%)
—
19.40
EPS growth%
20.98
21.93
20.05
22.25
24.48
23.13
23.33
23.77
25.32
23.20
19.58
23.33
23.17
56
0.91
Bookvalue per sh¥
1.38
1.52
1.58
1.77
1.79
2.07
2.37
2.66
2.96
3.10
0.32
11.59%
8.98%
—
0.50
FCF per share¥
1.58
1.85
1.84
1.99
2.12
2.19
2.26
2.67
3.00
3.45
1.21
10.22%
8.13%
—
1.05
Dividend per sh¥
0.63
0.68
0.77
0.74
0.73
0.73
0.81
0.73
0.80
0.86
1.39
3.32%
2.84%
—
6.08
Div yield (avg)%
20.97
20.05
19.89
22.18
21.67
24.14
21.32
19.52
19.02
20.94
14.38
20.94
20.96
10
10.22
Payout ratio%
1.41
0.89
0.40
1.30
0.40
0.40
0.40
2.83
3.61
4.72
7.19
2.83
1.09
9
834.9
Shares (diluted)M
793.6
734.9
673.7
655.1
581.6
614.4
545.0
481.3
467.2
456.9
852.5
(4.71%)
(4.58%)
94
21.26
Buyback yield%
24.93
26.41
28.62
28.86
29.12
28.18
26.87
26.76
26.73
25.70
17.83
26.76
26.82
25
1.541
D/E ratiox
1.453
1.425
1.404
1.288
1.125
1.091
1.082
1.159
1.146
1.194
0.305
1.146
1.176
32
954.0
Enterprise value¥M
151.6
163.0
183.3
193.3
194.8
184.4
201.3
237.1
247.2
256.2
890.9
5.64%
6.70%
65
133.3
LT debt¥M
325.3
325.6
319.4
331.7
330.8
353.3
305.1
289.1
261.5
225.2
287.8
(7.40%)
(4.80%)
16
Revenue
¥886.5M
8.89%
1.00×
Cost of revenue
¥545.6M
9.07%
1.02×
Operating expenses
¥94.48M
8.48%
0.96×
Cash and investments
12.94%
Spread over hurdle
(3.36%)