241.1
Revenue¥M
180.5
196.5
216.8
232.3
252.9
272.4
295.6
321.0
356.8
394.6
255.8
9.30%
8.98%
54
21.27
Revenue growth%
18.74
16.01
16.71
19.31
19.00
21.40
18.84
17.78
16.85
15.91
19.82
17.78
18.26
83
14.47
Gross margin%
2.67
4.81
6.86
7.42
4.58
5.76
3.39
4.63
5.10
2.59
18.96
4.63
4.72
52
23.50
Operating margin%
8.81
7.05
5.97
3.94
2.31
2.23
0.40
0.40
0.40
0.40
8.28
0.40
2.27
74
19.60
Net margin%
6.55
4.84
2.02
0.40
0.97
0.90
0.40
0.40
0.40
0.48
24.58
0.40
0.69
67
11.13
P/E ratio (avg)x
36.98
36.27
37.19
39.53
43.38
49.92
53.23
51.99
54.56
51.01
32.53
51.99
46.65
26
32.76
EV/EBITx
32.89
34.58
34.43
37.06
39.36
44.78
50.89
50.17
47.18
53.90
38.00
50.17
42.07
81
14.15
FCF yield (avg)%
0.40
2.13
2.85
4.88
3.92
3.84
5.41
4.30
2.24
1.50
12.83
3.84
3.34
85
6.96
FCF margin%
22.05
21.61
18.64
18.76
21.04
18.62
17.12
17.76
19.20
16.89
23.87
17.76
18.70
69
1.611
FCF / Net incomex
1.657
1.730
1.593
1.645
1.781
1.865
2.062
2.227
2.425
2.444
0.923
2.227
1.823
72
23.34
ROIC%
26.39
25.05
25.52
25.23
27.18
28.50
30.91
28.44
30.03
31.39
2.51
30.03
27.81
36
24.14
Return on equity%
27.85
29.92
29.63
30.19
31.25
34.16
31.94
32.24
32.09
32.15
26.98
32.15
31.59
40
5.32
Return on assets%
20.45
22.47
19.58
20.54
22.95
20.43
22.22
23.09
20.38
22.52
4.59
22.22
21.38
6
2.03
EPS¥
0.61
0.69
0.66
0.73
0.80
0.92
0.93
0.96
0.92
0.99
2.14
4.31%
4.52%
—
14.32
EPS growth%
20.49
19.16
19.77
18.59
18.72
19.16
21.33
19.13
19.94
18.18
16.94
19.16
19.16
50
0.37
Bookvalue per sh¥
0.79
0.75
0.66
0.68
0.70
0.75
0.75
0.74
0.78
0.66
1.94
(1.26%)
(2.72%)
—
2.06
FCF per share¥
0.54
0.54
0.49
0.49
0.53
0.60
0.57
0.51
0.53
0.51
2.05
(0.97%)
(1.52%)
—
1.56
Dividend per sh¥
2.46
2.50
2.60
3.04
3.47
3.35
3.60
3.60
3.90
3.76
1.53
1.65%
4.33%
—
11.58
Div yield (avg)%
27.05
24.09
21.99
19.43
18.68
16.97
17.58
17.62
19.73
21.67
22.44
17.62
19.58
83
7.70
Payout ratio%
1.84
3.35
6.25
5.36
2.72
5.59
8.20
6.84
3.97
3.12
19.70
5.59
4.66
47
161.1
Shares (diluted)M
158.9
175.9
176.7
187.3
168.9
162.0
162.5
183.6
194.3
194.4
155.3
2.84%
2.83%
24
9.72
Buyback yield%
20.83
20.81
18.20
17.98
19.80
18.88
19.10
18.96
17.39
14.50
24.95
18.88
18.92
27
0.517
D/E ratiox
1.250
1.447
1.558
1.472
1.455
1.647
1.793
1.774
1.935
2.197
0.545
1.793
1.602
83
152.3
Enterprise value¥M
283.3
252.4
278.9
254.6
239.6
262.8
254.7
276.0
310.7
345.7
294.1
7.61%
1.00%
55
302.2
LT debt¥M
83.34
87.00
90.33
96.06
97.70
98.60
92.69
80.47
84.75
73.93
96.28
(5.42%)
(0.63%)
27
Revenue
¥394.6M
8.98%
1.00×
Cost of revenue
¥191.8M
8.70%
0.97×
Operating expenses
¥89.53M
9.44%
1.04×
Spread over hurdle
34.64%