505.5
Revenue¥M
302.0
331.0
360.9
394.3
429.8
470.6
504.7
541.5
585.8
623.9
554.3
7.74%
8.37%
87
23.32
Revenue growth%
22.08
23.19
20.59
19.18
19.15
18.89
19.84
20.19
22.62
23.68
26.81
20.19
20.39
88
9.61
Gross margin%
27.57
27.34
27.49
24.97
26.03
28.75
29.51
31.49
30.11
28.65
11.31
29.51
28.11
10
11.65
Operating margin%
27.03
27.05
28.49
27.17
26.18
28.38
28.67
29.73
26.82
29.45
9.17
28.67
27.77
9
17.31
Net margin%
24.12
26.96
26.77
29.18
27.98
27.14
28.77
31.70
33.94
34.73
29.68
31.70
28.37
10
6.950
P/E ratio (avg)x
14.77
15.86
16.96
16.50
16.56
16.56
16.87
18.46
18.43
17.95
16.69
17.95
16.72
19
32.25
EV/EBITx
44.29
44.03
51.05
51.59
53.58
53.02
60.90
66.22
63.17
73.43
29.51
63.17
53.30
47
17.10
FCF yield (avg)%
21.61
23.93
26.49
27.37
28.19
27.05
27.83
28.67
29.21
29.90
28.39
28.67
27.60
9
27.52
FCF margin%
15.32
13.33
14.82
17.72
19.19
18.04
16.14
18.62
20.07
20.54
18.35
18.62
17.88
16
0.352
FCF / Net incomex
0.857
0.992
1.166
1.169
1.309
1.345
1.330
1.552
1.524
1.746
1.073
1.524
1.320
15
6.12
ROIC%
7.20
7.19
8.59
10.82
9.91
11.55
13.02
14.04
14.20
15.69
2.27
14.04
11.19
47
18.63
Return on equity%
23.03
22.88
23.86
24.54
22.00
23.17
20.48
21.85
21.06
19.10
24.64
21.06
22.44
28
14.82
Return on assets%
21.21
24.18
24.20
25.55
28.25
30.62
27.91
29.26
28.88
30.67
16.15
29.26
28.08
83
0.29
EPS¥
0.93
1.00
0.93
0.97
1.09
1.24
1.23
1.13
1.06
1.01
0.32
(1.52%)
0.63%
—
6.06
EPS growth%
19.27
21.95
24.45
25.71
28.02
30.73
29.64
27.71
26.86
24.39
8.86
27.71
26.29
46
0.29
Bookvalue per sh¥
0.15
0.16
0.15
0.13
0.13
0.12
0.10
0.10
0.10
0.09
1.04
(6.78%)
(5.02%)
—
0.80
FCF per share¥
0.23
0.22
0.20
0.21
0.19
0.20
0.18
0.18
0.16
0.14
0.29
(6.45%)
(4.30%)
—
0.77
Dividend per sh¥
0.28
0.28
0.24
0.21
0.19
0.21
0.22
0.22
0.21
0.23
1.21
3.58%
(1.39%)
—
13.54
Div yield (avg)%
16.90
18.05
16.92
19.57
16.58
17.42
16.15
17.42
20.02
21.83
3.78
17.42
17.42
30
28.56
Payout ratio%
19.74
18.79
21.40
20.19
20.78
19.46
18.11
20.67
17.72
19.54
23.67
19.46
19.64
6
269.3
Shares (diluted)M
376.3
428.2
418.1
425.6
506.1
487.2
568.8
631.3
626.0
612.6
268.5
3.89%
5.38%
70
22.25
Buyback yield%
28.40
29.54
30.98
28.46
27.95
25.15
22.40
24.32
21.58
21.35
10.92
22.40
26.55
45
1.212
D/E ratiox
1.282
1.519
1.627
1.616
1.695
1.643
1.882
2.002
2.103
2.155
0.859
2.002
1.669
8
99.51
Enterprise value¥M
307.2
317.6
327.0
319.0
337.2
349.8
339.3
302.7
259.5
269.7
88.67
(4.37%)
(0.87%)
82
190.8
LT debt¥M
273.0
242.1
210.8
227.4
223.7
230.4
203.7
217.8
234.7
206.2
359.0
(1.61%)
(3.66%)
48
Revenue
¥623.9M
8.37%
1.00×
Cost of revenue
¥390.6M
8.15%
0.98×
Operating expenses
¥125.2M
8.81%
1.04×
Property and equipment
21.26%
Cash and investments
14.90%
Spread over hurdle
(1.64%)