1.522
Revenue¥B
1.550
1.700
1.806
1.975
2.106
2.273
2.404
2.625
2.843
3.102
1.597
8.05%
7.95%
32
9.65
Revenue growth%
25.93
24.97
25.13
23.92
25.97
25.85
24.92
26.31
27.67
28.93
2.93
26.31
25.89
42
14.80
Gross margin%
7.27
9.43
10.09
9.11
8.62
6.42
9.30
8.15
6.53
4.12
16.00
6.53
8.38
76
29.57
Operating margin%
19.18
17.64
15.72
16.50
19.35
18.78
19.87
21.32
22.93
22.54
8.70
21.32
19.27
49
16.97
Net margin%
24.33
22.60
21.59
19.30
21.50
21.63
20.13
18.74
18.86
18.52
20.20
18.86
20.81
7
21.15
P/E ratio (avg)x
30.08
31.83
27.46
23.95
24.09
22.56
22.78
20.06
17.76
18.61
19.59
20.06
23.36
73
18.60
EV/EBITx
17.84
17.43
16.00
15.73
16.63
18.11
18.83
18.04
18.36
18.60
33.24
18.36
17.94
22
10.20
FCF yield (avg)%
2.49
4.19
4.58
6.52
9.49
8.31
10.21
7.22
8.09
10.84
12.39
8.31
7.66
32
28.78
FCF margin%
16.15
16.56
17.98
20.02
17.86
18.06
17.23
15.44
17.06
16.54
15.66
17.06
17.15
29
0.225
FCF / Net incomex
1.923
1.928
1.911
2.064
2.413
2.312
2.512
2.494
2.902
2.946
0.801
2.512
2.362
88
9.51
ROIC%
13.68
16.49
18.99
18.69
16.19
13.60
14.94
14.31
13.64
12.49
19.74
13.64
14.62
75
13.04
Return on equity%
16.53
18.84
18.19
16.87
16.98
19.43
18.44
18.94
20.82
18.13
22.81
18.94
18.32
38
24.27
Return on assets%
9.51
12.29
10.62
10.68
10.67
10.70
7.99
10.37
9.36
10.16
10.41
10.16
10.49
44
0.93
EPS¥
0.82
0.83
0.79
0.77
0.77
0.75
0.74
0.75
0.75
0.79
1.01
0.32%
1.28%
—
25.28
EPS growth%
15.81
16.21
18.15
16.47
15.69
12.88
10.17
10.66
10.38
9.22
23.48
10.38
14.29
72
1.23
Bookvalue per sh¥
3.73
4.08
4.09
4.87
4.84
5.69
5.78
6.26
6.84
6.66
2.52
6.58%
7.51%
—
1.92
FCF per share¥
1.54
1.35
1.42
1.41
1.48
1.36
1.35
1.43
1.28
1.15
1.72
(4.92%)
(2.98%)
—
2.76
Dividend per sh¥
3.45
3.79
4.40
4.15
3.91
3.92
4.54
4.98
5.06
4.72
1.14
3.85%
4.30%
—
22.22
Div yield (avg)%
11.87
14.81
14.16
13.26
13.12
14.12
15.18
12.86
13.03
15.52
14.75
14.12
13.69
55
6.77
Payout ratio%
21.50
18.74
16.43
17.11
18.74
19.18
17.02
19.03
21.88
24.65
15.99
19.18
18.89
78
410.1
Shares (diluted)M
502.3
511.5
503.5
508.7
572.8
682.8
745.5
765.1
898.9
990.2
420.7
11.57%
7.09%
25
22.03
Buyback yield%
29.99
29.91
29.19
29.09
30.21
32.64
33.00
35.37
32.63
32.04
4.71
32.64
31.13
66
0.360
D/E ratiox
2.383
2.398
2.346
2.443
2.595
3.075
3.471
3.357
3.714
4.005
0.962
3.471
2.835
85
2.479
Enterprise value¥B
1.691
1.958
2.216
2.132
1.992
2.273
2.297
2.350
2.580
2.467
0.553
4.37%
3.09%
89
203.4
LT debt¥M
629.8
712.8
715.6
769.5
726.2
761.8
814.1
891.6
860.2
911.7
264.0
4.66%
4.34%
23
Revenue
¥3.102B
7.95%
1.00×
Cost of revenue
¥2.171B
7.95%
1.00×
Operating expenses
¥475.1M
8.26%
1.03×
Property and equipment
20.52%
Cash and investments
17.35%
Spread over hurdle
(2.91%)