341.0
Revenue¥M
274.2
289.9
296.6
310.3
327.9
347.1
362.5
382.7
396.5
415.6
371.7
4.85%
4.84%
6
6.26
Revenue growth%
27.29
27.00
28.15
29.21
26.69
25.53
26.07
27.09
26.24
27.90
29.62
26.24
27.05
8
10.67
Gross margin%
29.59
29.33
26.40
25.42
24.69
26.43
24.33
24.63
25.01
25.45
2.35
25.01
25.44
30
21.78
Operating margin%
6.42
4.70
5.10
3.15
4.80
5.48
3.15
4.31
6.15
4.82
10.75
4.82
4.81
62
15.10
Net margin%
23.06
25.22
27.64
27.85
28.37
28.96
27.42
27.82
30.61
28.62
27.14
28.62
27.84
21
31.10
P/E ratio (avg)x
27.00
28.16
30.85
30.32
29.15
29.75
28.43
27.17
30.67
33.90
32.64
29.75
29.45
13
23.07
EV/EBITx
18.15
18.38
19.30
19.73
21.44
22.27
23.84
24.17
27.49
29.47
34.96
24.17
21.86
10
6.42
FCF yield (avg)%
32.83
32.38
33.83
33.84
34.21
34.29
33.49
34.84
33.24
32.42
25.65
33.49
33.66
11
29.11
FCF margin%
24.61
24.49
24.90
23.65
23.53
25.29
24.66
21.85
22.27
21.76
12.37
22.27
24.07
24
0.480
FCF / Net incomex
0.419
0.497
0.502
0.506
0.495
0.546
0.600
0.643
0.698
0.750
0.662
0.643
0.526
14
8.34
ROIC%
16.49
18.99
17.42
15.52
14.21
11.87
10.18
11.58
12.84
11.44
15.13
11.58
13.53
46
10.62
Return on equity%
16.06
14.70
12.35
10.19
8.35
8.50
11.30
8.42
9.17
8.78
20.95
8.78
9.68
90
15.86
Return on assets%
12.73
13.84
12.96
15.78
13.62
15.68
14.35
13.38
14.15
15.78
4.71
14.35
14.00
73
0.80
EPS¥
1.18
1.18
1.18
1.39
1.59
1.57
1.81
2.02
2.08
2.49
0.88
9.36%
8.14%
—
16.50
EPS growth%
14.20
13.69
13.75
13.86
12.40
14.68
14.26
15.17
15.62
15.26
3.50
15.17
14.23
53
1.33
Bookvalue per sh¥
2.26
2.68
2.81
3.20
3.82
4.15
4.85
5.51
5.61
5.87
1.91
8.94%
11.82%
—
1.81
FCF per share¥
1.87
1.93
1.83
1.77
1.80
1.76
1.61
1.43
1.42
1.23
1.41
(7.26%)
(4.49%)
—
0.99
Dividend per sh¥
0.73
0.76
0.81
0.96
1.14
1.16
1.32
1.33
1.28
1.33
2.86
3.23%
6.52%
—
11.65
Div yield (avg)%
30.89
32.90
35.24
34.90
36.31
38.20
39.99
39.35
41.84
39.64
21.76
39.64
37.26
19
9.09
Payout ratio%
8.32
7.71
5.92
4.35
2.44
0.40
0.40
0.40
0.40
0.40
25.74
0.40
1.42
65
208.4
Shares (diluted)M
322.6
341.4
351.8
370.0
418.2
417.8
492.5
558.0
604.3
660.9
207.3
9.58%
9.09%
66
11.21
Buyback yield%
27.85
26.51
24.95
25.92
24.79
22.09
22.89
23.76
23.68
26.39
16.82
23.68
24.87
66
0.536
D/E ratiox
1.552
1.467
1.484
1.518
1.539
1.377
1.398
1.189
1.203
1.066
0.945
1.203
1.432
82
181.4
Enterprise value¥M
463.8
477.8
546.4
589.2
627.5
698.1
725.2
755.3
797.6
831.3
158.1
5.79%
5.63%
95
0.340
LT debt¥B
0.639
0.749
0.757
0.766
0.824
0.950
0.924
1.008
1.193
1.269
0.344
9.02%
8.72%
70
Revenue
¥415.6M
4.84%
1.00×
Cost of revenue
¥290.9M
4.84%
1.00×
Operating expenses
¥86.53M
5.67%
1.08×
Goodwill & intangibles
18.72%
Cash and investments
17.92%
Property and equipment
14.81%
Spread over hurdle
(3.26%)