557.0
Revenue¥M
585.6
606.7
615.5
627.2
638.3
645.5
650.9
658.1
673.5
695.9
604.1
1.75%
1.82%
75
24.04
Revenue growth%
23.63
24.24
24.21
27.14
27.29
26.38
27.36
28.31
29.50
26.75
23.75
27.36
26.94
26
8.13
Gross margin%
19.05
16.76
14.24
11.39
8.54
5.98
3.37
2.41
0.57
2.97
16.20
2.97
7.26
64
21.13
Operating margin%
4.71
2.97
2.78
0.40
2.65
4.30
4.92
3.20
2.84
0.65
18.75
3.20
2.91
71
25.05
Net margin%
14.77
16.75
15.41
12.62
10.54
13.11
15.72
13.69
11.64
8.98
8.29
13.11
13.40
62
27.60
P/E ratio (avg)x
36.06
38.20
38.96
43.86
43.11
47.21
55.55
65.40
70.87
77.04
35.33
65.40
45.53
33
21.69
EV/EBITx
24.77
29.12
27.74
29.64
31.23
33.92
36.84
37.93
38.99
43.35
35.02
37.93
32.57
16
7.68
FCF yield (avg)%
23.26
24.41
26.71
28.77
29.11
26.34
24.17
26.50
26.20
26.00
25.95
26.20
26.27
35
15.81
FCF margin%
25.11
25.95
26.04
24.48
24.11
22.82
23.48
20.67
22.70
25.10
19.71
22.82
24.30
67
0.125
FCF / Net incomex
1.854
2.071
2.492
2.894
3.001
3.072
3.571
3.965
4.474
4.863
0.898
3.965
3.036
61
6.62
ROIC%
19.37
22.19
23.40
26.05
28.17
26.66
25.85
27.12
24.71
26.41
10.93
26.41
25.95
89
18.91
Return on equity%
9.52
7.07
6.20
8.46
10.78
11.63
9.02
10.24
8.32
8.21
6.90
9.02
8.74
16
28.40
Return on assets%
17.90
16.64
18.53
20.36
22.72
24.68
27.54
28.80
30.81
30.78
5.10
28.80
23.70
25
1.70
EPS¥
2.06
2.02
2.05
2.30
2.54
2.75
2.83
3.21
3.56
3.73
1.80
8.00%
7.24%
—
8.99
EPS growth%
26.77
25.25
26.57
25.05
24.02
22.09
21.65
21.39
20.20
22.71
22.10
21.65
23.36
40
1.18
Bookvalue per sh¥
1.03
1.10
1.01
0.88
0.94
0.92
0.82
0.71
0.63
0.65
1.00
(7.11%)
(3.93%)
—
1.57
FCF per share¥
1.92
1.90
2.02
2.06
2.20
2.02
2.17
2.03
1.92
1.97
1.91
(2.10%)
(0.15%)
—
2.01
Dividend per sh¥
1.21
1.44
1.47
1.70
1.95
2.21
2.12
2.29
2.34
2.34
2.10
3.65%
6.97%
—
24.11
Div yield (avg)%
11.12
10.67
11.29
11.43
13.28
11.93
9.21
8.16
8.29
10.56
17.09
9.21
10.90
68
18.35
Payout ratio%
32.97
35.92
36.41
38.60
40.77
40.78
37.89
38.28
37.00
36.79
26.13
37.89
37.44
32
153.0
Shares (diluted)M
150.7
154.0
152.0
169.1
187.3
185.9
184.5
171.7
159.2
181.2
157.2
(0.66%)
1.66%
16
12.93
Buyback yield%
31.91
32.65
31.41
32.26
30.27
28.42
27.51
30.07
27.26
27.40
22.93
27.51
30.17
76
1.558
D/E ratiox
1.393
1.445
1.411
1.399
1.546
1.634
1.613
1.501
1.424
1.357
1.080
1.501
1.435
6
606.3
Enterprise value¥M
415.3
427.2
454.7
481.7
453.3
485.7
461.6
438.9
446.2
483.2
182.2
1.28%
1.19%
70
0.755
LT debt¥B
0.817
0.843
0.956
1.059
1.064
1.130
1.278
1.316
1.226
1.233
0.763
3.00%
3.94%
13
Revenue
¥695.9M
1.82%
1.00×
Cost of revenue
¥487.2M
1.82%
1.00×
Operating expenses
¥134.8M
1.22%
0.94×
Cash and investments
17.94%
Goodwill & intangibles
17.42%
Spread over hurdle
(1.51%)