353.2
Revenue¥M
457.2
487.6
512.6
542.2
571.0
595.6
638.1
676.5
725.5
744.4
388.2
5.45%
5.37%
22
2.70
Revenue growth%
11.02
11.96
12.14
11.33
9.48
12.29
9.49
8.76
10.87
8.32
2.64
9.49
10.95
28
14.84
Gross margin%
8.96
8.08
7.25
9.90
7.36
7.03
5.67
6.08
5.85
4.19
13.28
5.85
7.14
62
16.64
Operating margin%
21.20
22.08
24.48
25.51
26.21
28.20
29.02
31.56
33.48
34.51
19.47
31.56
27.20
47
16.38
Net margin%
8.35
9.19
8.51
11.37
12.83
14.21
14.84
16.46
13.55
12.78
17.67
14.21
12.81
25
33.04
P/E ratio (avg)x
43.54
45.05
42.76
47.02
49.86
50.43
50.58
56.24
64.79
68.62
28.58
56.24
50.15
55
26.34
EV/EBITx
22.56
23.21
22.41
22.59
22.51
23.23
25.11
24.65
24.35
23.67
29.12
24.35
23.22
67
6.56
FCF yield (avg)%
5.09
3.51
0.91
0.40
0.40
3.30
6.24
6.24
6.20
3.25
19.39
6.20
3.41
43
23.69
FCF margin%
10.62
11.95
13.99
14.32
13.20
15.06
15.93
16.03
18.27
16.32
14.33
16.03
14.69
75
0.423
FCF / Net incomex
0.325
0.343
0.358
0.341
0.360
0.413
0.410
0.424
0.396
0.390
0.290
0.410
0.375
66
8.61
ROIC%
21.61
23.66
26.55
28.23
30.77
31.57
29.24
29.10
27.05
27.74
24.73
29.10
27.99
14
12.11
Return on equity%
22.89
24.99
25.69
25.74
28.58
26.37
24.01
25.48
27.89
28.26
23.08
26.37
25.71
11
22.46
Return on assets%
26.50
24.70
24.55
23.87
25.86
25.83
27.42
29.23
29.63
26.85
8.41
27.42
26.18
28
0.74
EPS¥
0.91
0.93
0.99
1.01
0.89
0.96
1.04
1.12
1.23
1.08
0.81
3.95%
2.13%
—
26.34
EPS growth%
22.84
24.43
21.89
21.38
22.33
24.60
26.07
23.63
23.84
22.79
29.82
23.84
23.24
72
0.87
Bookvalue per sh¥
0.78
0.74
0.67
0.63
0.67
0.69
0.72
0.66
0.62
0.58
1.31
(3.03%)
(4.42%)
—
1.42
FCF per share¥
1.40
1.64
1.74
2.01
2.36
2.46
2.74
2.67
2.68
3.07
0.53
5.38%
9.56%
—
0.59
Dividend per sh¥
0.81
0.85
0.87
0.93
0.87
0.91
0.91
0.86
0.81
0.73
0.98
(3.46%)
(0.58%)
—
4.37
Div yield (avg)%
13.42
11.39
10.44
10.74
12.27
14.62
14.31
14.70
17.23
14.72
8.86
14.70
13.86
28
13.80
Payout ratio%
17.40
19.94
17.67
15.12
17.62
15.33
17.61
18.55
17.30
18.07
6.29
17.61
17.61
81
464.8
Shares (diluted)M
523.6
555.9
641.9
698.6
656.1
703.4
762.3
813.3
803.1
846.2
485.1
5.22%
5.90%
37
21.63
Buyback yield%
6.58
4.75
4.04
2.58
1.62
0.40
0.40
2.72
3.60
5.40
29.96
2.72
3.16
51
0.776
D/E ratiox
1.209
1.328
1.164
1.149
1.179
1.282
1.182
1.306
1.197
1.145
1.079
1.197
1.190
55
0.379
Enterprise value¥B
1.317
1.320
1.348
1.394
1.678
1.889
1.881
2.083
2.129
2.552
0.180
8.75%
6.79%
44
78.75
LT debt¥M
177.9
163.9
173.7
168.0
182.9
178.9
170.1
146.7
136.0
116.4
408.3
(8.65%)
(4.47%)
65
Revenue
¥744.4M
5.37%
1.00×
Cost of revenue
¥454.0M
5.40%
1.00×
Operating expenses
¥182.2M
5.49%
1.01×
Goodwill & intangibles
18.69%
Spread over hurdle
(5.30%)