127.2
Revenue¥M
354.8
390.5
415.8
442.5
470.4
514.5
565.5
606.3
654.5
717.0
139.4
8.80%
8.39%
8
20.61
Revenue growth%
3.33
2.71
1.71
3.84
4.08
2.72
2.99
4.66
5.71
7.46
17.32
4.66
3.59
39
15.80
Gross margin%
0.40
0.40
0.40
0.40
0.70
0.40
0.46
0.65
3.18
5.34
5.19
0.65
0.43
25
21.13
Operating margin%
1.48
1.90
0.40
0.40
1.77
4.65
2.26
2.49
4.84
2.62
6.94
2.62
2.08
87
14.23
Net margin%
4.21
6.66
4.08
4.56
6.05
4.12
2.03
0.40
1.83
3.52
19.99
2.03
4.10
77
19.76
P/E ratio (avg)x
36.91
37.52
37.85
41.67
47.61
56.59
57.93
60.65
65.98
63.65
14.07
60.65
52.10
68
12.71
EV/EBITx
25.12
30.23
36.28
41.52
49.26
54.89
64.73
71.26
84.42
88.17
24.82
71.26
52.07
61
29.77
FCF yield (avg)%
22.45
20.85
20.22
20.11
19.63
20.92
21.91
19.41
19.54
16.70
28.57
19.54
20.17
35
29.76
FCF margin%
3.77
1.46
0.86
0.40
0.40
1.78
3.06
5.01
5.76
7.78
15.27
5.01
2.42
87
1.099
FCF / Net incomex
0.279
0.282
0.284
0.295
0.304
0.334
0.333
0.304
0.309
0.327
1.229
0.327
0.304
30
28.00
ROIC%
20.61
23.27
20.45
19.39
19.38
16.38
13.68
12.77
13.43
12.92
18.55
13.43
17.88
80
23.70
Return on equity%
31.32
31.15
28.32
31.10
30.68
31.79
31.93
34.28
37.21
36.23
23.53
34.28
31.55
29
25.61
Return on assets%
11.24
12.33
11.76
12.97
15.06
17.54
17.53
19.59
17.68
15.71
25.49
17.54
15.38
71
0.49
EPS¥
0.39
0.44
0.42
0.46
0.46
0.51
0.45
0.42
0.44
0.40
0.55
(3.10%)
0.42%
—
28.60
EPS growth%
18.93
19.97
18.29
16.82
17.56
16.63
15.22
14.49
16.48
16.87
29.22
16.48
16.85
82
0.24
Bookvalue per sh¥
0.53
0.53
0.61
0.69
0.69
0.82
0.81
0.98
1.12
1.36
0.89
14.61%
10.82%
—
0.62
FCF per share¥
0.49
0.54
0.49
0.52
0.50
0.47
0.50
0.54
0.57
0.60
0.33
3.75%
1.12%
—
0.67
Dividend per sh¥
0.91
1.06
1.03
0.98
1.10
1.27
1.32
1.31
1.49
1.70
0.39
9.22%
6.04%
—
24.14
Div yield (avg)%
22.17
24.13
24.20
24.44
21.47
24.07
23.09
22.48
23.42
23.44
28.05
23.42
23.43
79
14.80
Payout ratio%
20.17
20.56
19.70
16.96
16.34
15.43
16.98
15.13
17.07
19.04
10.19
16.98
17.03
73
379.3
Shares (diluted)M
528.6
531.5
524.0
600.3
620.1
603.7
600.3
600.8
598.0
620.1
393.9
—
1.60%
23
4.77
Buyback yield%
29.80
29.29
27.81
25.63
25.87
24.53
25.39
25.88
27.94
29.35
20.72
25.88
26.84
70
0.228
D/E ratiox
0.244
0.262
0.258
0.284
0.338
0.345
0.372
0.422
0.419
0.422
0.955
0.419
0.342
17
228.2
Enterprise value¥M
197.3
191.4
212.3
209.6
227.8
249.3
283.9
328.7
369.8
383.6
541.3
10.99%
6.28%
12
365.8
LT debt¥M
323.4
333.8
360.9
422.9
469.2
498.9
481.2
522.1
595.1
665.6
534.4
7.24%
7.64%
44
Revenue
¥717.0M
8.39%
1.00×
Cost of revenue
¥362.9M
8.41%
1.00×
Operating expenses
¥110.2M
8.09%
0.97×
Goodwill & intangibles
16.75%
Property and equipment
15.23%
Spread over hurdle
22.16%