45.21
Revenue¥M
390.8
416.7
450.2
476.5
504.7
546.1
590.1
639.2
689.9
719.0
48.11
7.34%
6.88%
19
9.82
Revenue growth%
19.63
18.43
18.79
19.57
19.96
20.89
18.47
16.68
16.61
19.18
19.03
18.47
18.98
14
17.06
Gross margin%
32.54
34.03
32.76
33.30
32.37
30.41
29.76
32.14
31.72
31.84
8.22
31.72
32.25
55
13.74
Operating margin%
28.61
27.03
26.14
25.68
26.12
28.90
29.56
27.68
24.76
25.18
29.27
27.68
26.58
24
14.15
Net margin%
27.02
24.99
23.50
21.97
21.94
22.45
19.47
22.20
21.11
20.05
19.10
21.11
22.08
14
12.76
P/E ratio (avg)x
33.70
38.62
43.54
41.26
46.31
46.73
50.01
56.25
55.10
62.57
35.84
55.10
46.52
15
16.23
EV/EBITx
24.12
25.49
23.55
22.49
25.14
28.08
32.56
32.10
33.73
37.36
21.05
32.56
26.79
87
4.45
FCF yield (avg)%
3.59
5.40
8.19
8.30
5.31
7.91
7.34
7.66
9.69
12.39
22.05
7.91
7.79
61
24.69
FCF margin%
30.14
27.41
28.34
30.25
30.63
31.35
32.68
34.01
34.09
33.92
26.42
33.92
30.99
55
1.371
FCF / Net incomex
0.121
0.142
0.144
0.143
0.140
0.162
0.182
0.207
0.209
0.244
0.488
0.207
0.153
65
28.75
ROIC%
27.37
30.12
28.71
31.57
31.99
33.48
35.56
35.42
33.53
33.90
6.55
33.90
32.74
48
11.16
Return on equity%
28.98
27.87
28.51
30.94
32.36
30.24
28.43
28.66
26.34
24.71
7.02
28.43
28.59
67
24.85
Return on assets%
18.36
19.46
20.47
20.06
17.38
15.32
16.46
17.34
17.26
14.38
6.95
16.46
17.36
84
0.52
EPS¥
0.62
0.63
0.58
0.65
0.60
0.58
0.59
0.57
0.63
0.62
0.56
0.76%
1.18%
—
27.67
EPS growth%
24.20
23.07
23.73
25.46
28.37
26.80
27.72
30.72
29.81
29.18
10.44
29.18
27.26
56
2.41
Bookvalue per sh¥
0.62
0.63
0.65
0.75
0.82
0.86
0.91
0.90
0.98
1.12
1.20
6.27%
5.59%
—
1.04
FCF per share¥
1.19
1.27
1.38
1.30
1.20
1.30
1.45
1.53
1.42
1.53
1.59
5.03%
3.01%
—
2.30
Dividend per sh¥
1.25
1.37
1.46
1.48
1.61
1.62
1.80
2.00
2.40
2.57
1.29
9.75%
8.10%
—
15.71
Div yield (avg)%
26.32
24.34
23.85
25.21
27.78
27.52
29.50
26.53
28.73
29.53
2.63
28.73
27.02
63
27.40
Payout ratio%
19.49
17.43
18.90
21.75
22.66
20.75
22.24
21.99
21.94
19.00
4.47
21.94
21.25
53
270.7
Shares (diluted)M
538.1
568.5
634.4
676.5
708.7
817.4
862.0
834.3
928.2
978.0
268.0
6.65%
7.53%
74
28.65
Buyback yield%
23.37
25.70
28.64
30.74
28.98
26.55
23.96
23.52
21.79
19.39
18.58
23.52
24.83
14
0.631
D/E ratiox
0.862
0.808
0.819
0.730
0.653
0.667
0.673
0.632
0.655
0.638
1.078
0.655
0.670
89
565.9
Enterprise value¥M
434.9
481.2
517.9
533.0
523.9
559.1
522.2
497.4
516.0
577.9
573.6
1.98%
2.85%
39
525.8
LT debt¥M
93.94
95.18
103.6
104.6
115.1
115.2
120.0
131.4
131.5
127.9
719.9
2.13%
3.83%
63
Revenue
¥719.0M
6.88%
1.00×
Cost of revenue
¥443.8M
6.68%
0.98×
Operating expenses
¥158.8M
6.94%
1.01×
Goodwill & intangibles
17.17%
Cash and investments
17.09%
Spread over hurdle
(3.78%)