3.371
Revenue¥B
2.217
2.404
2.565
2.680
2.816
3.045
3.232
3.429
3.645
3.913
3.742
6.80%
6.69%
60
28.92
Revenue growth%
8.39
8.16
6.50
3.54
5.78
7.85
10.17
7.94
8.54
6.07
26.38
7.94
7.89
77
27.75
Gross margin%
13.89
11.48
14.30
13.56
15.25
15.31
17.86
15.64
15.07
18.00
25.19
15.64
15.16
14
21.51
Operating margin%
6.67
5.92
8.39
6.92
9.06
11.31
12.89
13.82
16.17
16.86
22.86
13.82
10.19
89
28.81
Net margin%
7.79
10.08
8.80
9.40
7.66
5.89
7.69
6.08
7.78
7.65
14.23
7.65
7.73
61
17.10
P/E ratio (avg)x
7.795
7.897
7.313
7.947
8.860
8.561
9.205
9.610
9.465
8.585
23.25
9.205
8.573
74
22.54
EV/EBITx
27.42
29.66
30.31
28.79
31.99
35.82
41.66
48.39
56.86
54.00
6.791
48.39
33.91
44
7.11
FCF yield (avg)%
24.91
25.56
25.11
24.22
22.04
24.37
26.30
26.94
28.09
28.37
27.39
26.94
25.33
49
2.90
FCF margin%
14.88
16.69
14.39
12.01
12.54
13.96
12.80
11.59
9.78
8.28
5.24
11.59
12.67
5
1.016
FCF / Net incomex
0.846
0.780
0.660
0.613
0.569
0.611
0.584
0.629
0.559
0.513
0.355
0.584
0.612
11
21.14
ROIC%
26.23
28.52
28.15
28.11
25.30
23.08
21.08
20.76
19.56
19.60
11.31
20.76
24.19
45
24.33
Return on equity%
5.24
3.55
3.93
5.70
6.70
6.73
4.61
3.10
2.02
2.01
28.98
3.10
4.27
48
19.05
Return on assets%
19.31
22.15
20.66
18.53
20.88
21.07
23.86
22.36
20.42
23.37
19.29
22.36
20.97
27
5.81
EPS¥
10.54
11.73
13.36
14.98
15.81
16.49
18.86
17.70
17.45
16.18
6.40
0.47%
4.91%
—
10.01
EPS growth%
0.40
0.40
0.40
0.40
0.40
0.40
2.91
2.48
1.10
0.40
4.44
1.10
0.40
86
2.31
Bookvalue per sh¥
11.82
11.64
11.10
12.84
12.39
14.37
15.99
15.91
15.40
17.34
8.11
6.96%
4.44%
—
4.75
FCF per share¥
2.23
2.09
2.18
2.24
2.35
2.22
2.26
2.32
2.56
2.63
5.78
2.24%
1.01%
—
10.42
Dividend per sh¥
2.19
2.34
2.50
2.61
2.73
2.66
2.90
3.40
3.90
4.59
5.82
10.94%
9.02%
—
24.62
Div yield (avg)%
24.53
22.66
20.07
17.13
19.33
19.15
21.92
20.02
21.96
21.16
25.26
21.16
20.61
87
29.51
Payout ratio%
23.76
26.60
25.89
28.39
28.95
27.57
28.72
28.30
27.59
29.00
21.16
28.30
27.94
92
180.4
Shares (diluted)M
201.2
174.0
155.1
145.0
127.1
129.3
125.5
122.8
104.9
97.98
182.4
(5.07%)
(8.27%)
78
26.43
Buyback yield%
25.61
25.50
23.39
21.12
18.30
15.41
16.53
17.40
16.14
16.17
26.68
16.17
17.85
75
0.316
D/E ratiox
1.186
1.246
1.258
1.124
1.118
0.992
1.034
0.919
0.964
1.040
0.862
0.992
1.079
19
1.580
Enterprise value¥B
2.881
2.734
2.988
2.763
2.900
2.755
3.124
2.981
3.067
3.116
0.963
1.45%
—
51
1.700
LT debt¥B
1.373
1.449
1.385
1.205
1.051
0.927
0.874
0.887
0.847
0.780
3.098
(5.79%)
(5.54%)
9
Revenue
¥3.913B
6.69%
1.00×
Cost of revenue
¥2.288B
6.55%
0.99×
Operating expenses
¥829.7M
6.73%
1.00×
Spread over hurdle
(6.01%)