688.3
Revenue¥M
458.0
476.6
517.2
562.6
585.1
611.1
654.1
690.1
727.6
776.5
769.8
5.82%
6.20%
66
3.31
Revenue growth%
20.43
22.62
25.10
22.90
24.54
25.19
24.11
22.89
23.82
23.77
22.77
23.82
23.80
82
16.42
Gross margin%
20.81
18.36
16.65
17.15
19.76
21.66
19.01
16.58
18.17
20.90
11.29
19.01
18.68
25
6.31
Operating margin%
15.83
18.33
18.38
17.49
16.27
18.30
18.49
17.08
18.11
18.18
11.31
18.18
18.14
82
6.19
Net margin%
17.08
17.81
18.50
18.52
19.82
19.73
19.89
20.12
18.01
19.68
28.83
19.73
19.10
66
30.27
P/E ratio (avg)x
24.04
27.02
28.56
30.35
32.73
38.04
40.63
46.32
44.41
42.87
10.50
42.87
35.38
47
25.08
EV/EBITx
7.033
7.632
8.080
7.371
7.889
8.564
8.884
8.865
8.402
8.141
8.145
8.564
8.111
26
14.03
FCF yield (avg)%
16.33
13.52
14.66
17.64
15.88
17.64
19.10
16.36
18.96
19.83
13.08
18.96
17.00
31
6.35
FCF margin%
3.78
3.30
3.15
4.74
2.13
0.40
0.40
0.40
0.40
0.40
4.62
0.40
1.26
77
0.367
FCF / Net incomex
0.428
0.414
0.447
0.501
0.490
0.548
0.564
0.664
0.770
0.759
0.188
0.664
0.525
83
10.62
ROIC%
4.05
4.93
5.34
3.18
3.27
2.47
1.50
3.38
2.51
1.73
18.21
2.47
3.23
55
5.21
Return on equity%
12.34
12.16
14.59
14.32
15.38
15.59
16.35
14.62
12.66
12.71
25.75
14.62
14.46
39
3.98
Return on assets%
27.00
26.86
28.32
28.65
30.77
33.20
30.76
30.50
32.12
34.31
7.96
32.12
30.63
25
0.53
EPS¥
0.58
0.57
0.61
0.61
0.62
0.67
0.61
0.65
0.66
0.62
0.58
0.12%
1.05%
—
5.45
EPS growth%
24.16
24.05
24.79
25.73
22.75
23.17
23.38
20.69
23.56
23.36
19.43
23.36
23.47
28
0.99
Bookvalue per sh¥
0.67
0.64
0.59
0.51
0.54
0.51
0.44
0.46
0.46
0.45
0.69
(3.50%)
(3.23%)
—
0.27
FCF per share¥
0.30
0.31
0.30
0.29
0.25
0.24
0.22
0.20
0.20
0.18
0.29
(5.81%)
(4.11%)
—
0.80
Dividend per sh¥
1.23
1.22
1.28
1.38
1.65
1.72
1.68
1.99
2.31
2.39
0.26
7.67%
8.11%
—
24.89
Div yield (avg)%
4.55
6.64
6.45
8.12
9.74
10.99
9.43
9.32
12.00
10.37
11.84
10.37
9.38
24
12.08
Payout ratio%
2.40
0.40
1.83
2.38
1.82
4.81
4.85
2.77
1.15
2.78
19.79
2.78
2.39
46
308.6
Shares (diluted)M
238.9
268.6
277.1
293.8
310.1
334.1
354.7
328.9
362.1
373.5
315.4
3.79%
3.70%
22
12.58
Buyback yield%
9.78
11.70
9.90
7.08
7.19
6.98
6.04
4.93
6.89
3.93
10.06
6.04
7.03
57
1.472
D/E ratiox
1.541
1.417
1.429
1.336
1.312
1.367
1.455
1.313
1.250
1.340
0.627
1.340
1.354
10
480.9
Enterprise value¥M
391.5
392.8
340.8
305.2
261.9
225.0
198.8
185.1
187.0
199.2
220.4
(5.32%)
(6.16%)
12
528.4
LT debt¥M
254.3
265.6
312.1
318.9
346.2
351.3
399.2
442.6
475.4
516.4
88.48
8.33%
7.63%
49
Revenue
¥776.5M
6.20%
1.00×
Cost of revenue
¥487.5M
6.45%
1.02×
Operating expenses
¥165.4M
5.37%
0.92×
Goodwill & intangibles
16.03%
Cash and investments
15.59%
Spread over hurdle
(1.19%)