67.74
Revenue¥M
375.3
403.1
437.6
463.5
500.3
537.6
579.4
632.2
681.0
736.3
71.47
8.04%
7.67%
35
7.85
Revenue growth%
4.64
5.21
2.34
0.40
2.77
5.09
2.89
5.36
8.22
10.11
18.84
5.36
4.87
8
6.63
Gross margin%
24.59
22.40
22.47
22.07
19.78
17.11
19.52
16.79
15.97
15.42
18.60
16.79
19.65
37
6.59
Operating margin%
13.80
13.54
11.42
14.26
13.49
11.93
10.47
11.15
8.74
9.66
8.62
10.47
11.67
12
29.15
Net margin%
19.45
19.12
20.38
19.29
16.33
15.23
13.29
15.90
14.39
15.49
12.16
15.23
16.12
6
30.58
P/E ratio (avg)x
34.97
37.34
36.78
42.38
50.13
51.63
57.24
59.29
61.24
72.47
15.15
59.29
50.88
39
36.45
EV/EBITx
24.98
23.27
24.12
25.21
23.01
25.12
22.76
19.90
17.55
18.36
20.75
19.90
23.14
49
4.85
FCF yield (avg)%
8.93
7.28
7.28
4.95
6.47
7.86
8.82
10.78
8.20
10.00
28.15
8.82
8.03
8
12.48
FCF margin%
6.84
8.57
8.91
6.41
8.52
6.70
8.77
11.29
10.44
10.54
9.27
10.44
8.67
24
0.415
FCF / Net incomex
1.184
1.348
1.386
1.486
1.450
1.741
2.059
2.182
2.548
2.935
0.644
2.182
1.614
88
26.81
ROIC%
19.52
18.55
16.12
15.40
16.06
16.10
13.55
14.69
15.99
17.79
21.92
15.99
16.08
62
21.42
Return on equity%
23.17
23.43
22.19
21.32
23.90
24.34
25.01
23.28
22.99
23.12
6.87
23.28
23.22
50
8.07
Return on assets%
15.87
15.04
17.23
17.71
16.02
15.32
14.84
13.59
13.00
10.23
29.71
13.59
15.18
30
0.72
EPS¥
0.23
0.25
0.23
0.23
0.21
0.20
0.20
0.18
0.16
0.17
0.77
(4.43%)
(2.52%)
—
25.85
EPS growth%
17.92
17.62
19.33
16.73
17.66
17.99
20.04
20.95
23.40
25.30
7.02
20.95
18.66
46
0.45
Bookvalue per sh¥
0.90
0.90
0.94
1.05
1.15
1.09
1.11
1.24
1.15
1.28
1.06
2.13%
2.90%
—
1.07
FCF per share¥
1.82
2.08
2.31
2.40
2.65
2.76
3.05
3.25
3.43
3.74
1.13
7.16%
9.43%
—
1.09
Dividend per sh¥
0.23
0.20
0.17
0.18
0.20
0.18
0.19
0.20
0.21
0.21
0.98
0.99%
(0.68%)
—
26.06
Div yield (avg)%
21.34
20.31
18.38
16.87
15.33
15.00
12.29
10.14
12.88
15.01
24.51
12.88
15.17
58
21.39
Payout ratio%
9.16
12.12
10.48
10.56
9.68
8.38
9.22
6.29
4.60
4.67
5.58
6.29
9.19
89
162.0
Shares (diluted)M
260.2
282.2
304.5
289.4
304.8
314.0
368.6
411.6
464.5
493.6
161.8
10.12%
8.40%
73
7.30
Buyback yield%
16.00
15.26
17.00
18.90
19.02
17.69
17.04
15.12
13.78
16.14
15.24
16.14
16.57
21
1.186
D/E ratiox
0.703
0.672
0.713
0.791
0.789
0.780
0.840
0.797
0.781
0.743
0.898
0.781
0.781
12
157.2
Enterprise value¥M
675.9
728.9
726.7
695.9
670.9
703.9
810.0
782.2
782.4
922.6
623.8
6.58%
4.60%
18
96.01
LT debt¥M
53.76
60.02
59.67
57.56
66.11
73.80
72.77
85.41
100.8
113.0
208.1
11.32%
7.95%
48
Revenue
¥736.3M
7.67%
1.00×
Cost of revenue
¥515.4M
7.67%
1.00×
Operating expenses
¥161.0M
7.91%
1.02×
Goodwill & intangibles
16.47%
Cash and investments
15.70%
Spread over hurdle
(5.40%)