1.510
Revenue¥B
1.622
1.768
1.869
2.007
2.114
2.231
2.427
2.583
2.825
3.026
1.639
7.44%
7.40%
36
6.14
Revenue growth%
11.82
13.81
15.04
13.29
15.05
15.79
13.94
11.79
11.09
14.03
26.25
13.94
13.88
19
23.53
Gross margin%
30.27
28.97
29.30
31.40
29.67
30.81
31.54
29.97
32.25
33.97
21.81
31.54
30.54
43
26.77
Operating margin%
22.10
24.00
22.80
23.18
20.86
23.01
20.79
23.48
24.82
25.19
28.22
23.48
23.09
12
28.74
Net margin%
4.68
5.13
2.46
1.84
2.03
2.20
2.04
3.10
1.27
1.41
29.55
2.04
2.12
57
31.66
P/E ratio (avg)x
17.84
16.71
17.78
18.82
20.31
22.39
25.04
25.53
28.53
25.89
20.70
25.53
21.35
74
29.32
EV/EBITx
28.00
29.09
31.17
36.35
37.31
41.45
47.22
45.54
47.10
56.44
33.09
47.10
39.38
27
26.75
FCF yield (avg)%
22.38
19.99
17.21
16.59
17.33
19.15
21.31
21.26
21.60
21.17
20.09
21.26
20.58
9
9.71
FCF margin%
29.35
30.60
27.64
27.46
26.81
28.35
30.35
30.11
31.28
32.85
5.34
30.35
29.73
8
0.845
FCF / Net incomex
0.433
0.470
0.490
0.473
0.489
0.454
0.450
0.463
0.410
0.371
0.802
0.450
0.458
12
10.38
ROIC%
11.72
9.98
7.85
6.55
8.30
8.46
10.91
10.16
12.28
15.22
27.49
10.91
10.07
27
4.12
Return on equity%
0.40
0.40
0.40
1.04
0.40
3.07
3.82
1.66
0.40
1.17
4.51
1.66
0.72
52
16.22
Return on assets%
26.29
29.19
26.39
29.02
28.18
30.03
32.67
33.77
34.27
34.79
10.58
33.77
29.61
75
0.90
EPS¥
0.90
0.98
0.96
1.06
1.15
1.26
1.38
1.46
1.67
1.81
0.92
9.55%
7.03%
—
4.11
EPS growth%
18.05
20.17
21.30
22.47
22.77
23.68
24.19
25.51
24.41
21.57
12.64
24.19
22.62
90
0.40
Bookvalue per sh¥
0.14
0.14
0.15
0.14
0.14
0.15
0.14
0.15
0.13
0.14
0.79
0.40%
(0.83%)
—
0.90
FCF per share¥
0.65
0.69
0.70
0.73
0.66
0.62
0.63
0.72
0.73
0.81
0.31
4.00%
2.96%
—
0.19
Dividend per sh¥
0.59
0.60
0.66
0.61
0.63
0.65
0.57
0.63
0.56
0.56
0.59
(2.31%)
(0.08%)
—
13.04
Div yield (avg)%
28.82
31.33
30.11
30.76
29.82
27.18
27.55
26.96
24.34
21.68
19.39
26.96
28.19
85
17.31
Payout ratio%
28.23
30.99
33.70
34.39
37.00
35.64
36.37
38.35
37.35
35.50
6.42
36.37
35.57
31
1.018
Shares (diluted)B
1.685
1.869
2.122
2.353
2.682
2.693
3.180
3.251
3.709
4.048
1.013
8.58%
10.97%
31
27.21
Buyback yield%
11.13
8.19
10.82
13.40
14.43
15.10
16.30
16.73
18.73
20.18
2.55
16.73
14.76
83
1.008
D/E ratiox
0.294
0.325
0.371
0.390
0.420
0.464
0.430
0.478
0.466
0.447
1.411
0.464
0.425
33
3.332
Enterprise value¥B
2.757
2.412
2.632
2.581
2.773
2.655
2.527
2.636
2.695
2.371
0.982
(3.09%)
(2.03%)
19
0.934
LT debt¥B
3.177
3.078
3.112
3.740
3.940
4.007
4.274
4.341
4.575
5.359
1.395
6.34%
6.93%
37
Revenue
¥3.026B
7.40%
1.00×
Cost of revenue
¥2.119B
7.40%
1.00×
Operating expenses
¥440.6M
6.99%
0.96×
Property and equipment
14.09%
Spread over hurdle
(5.05%)