340.2
Revenue¥M
188.9
210.5
225.1
241.4
266.6
295.5
327.3
353.0
381.2
408.5
358.6
8.91%
8.94%
61
26.23
Revenue growth%
18.54
20.52
19.42
18.02
15.47
15.05
15.85
14.49
17.12
19.18
8.53
15.85
17.57
34
4.96
Gross margin%
6.66
8.74
11.16
11.79
9.02
8.58
7.78
5.33
5.03
2.16
29.09
5.33
8.18
36
10.69
Operating margin%
26.64
24.28
25.54
28.36
26.75
28.93
30.18
32.05
30.41
28.20
2.65
30.18
28.28
71
22.53
Net margin%
27.68
30.04
29.10
31.38
31.77
33.11
30.73
29.89
32.80
34.21
9.60
32.80
31.06
47
27.20
P/E ratio (avg)x
44.80
46.01
49.02
49.05
52.87
50.68
58.94
56.00
63.35
59.72
14.57
58.94
51.78
52
12.58
EV/EBITx
40.38
45.09
40.78
46.22
44.64
50.73
50.95
50.76
57.45
54.36
26.30
50.95
48.48
52
26.95
FCF yield (avg)%
23.41
22.75
21.44
18.69
15.99
16.93
16.14
18.90
20.75
22.53
4.21
18.90
19.82
34
4.22
FCF margin%
6.92
9.12
6.17
3.23
0.69
0.65
1.45
2.09
3.34
4.15
22.18
2.09
3.28
58
0.326
FCF / Net incomex
1.193
1.337
1.335
1.379
1.490
1.667
1.980
2.319
2.642
2.662
0.143
2.319
1.578
27
11.03
ROIC%
19.20
18.97
20.99
23.75
21.94
22.20
19.35
17.10
18.19
19.09
24.72
19.09
19.28
79
18.12
Return on equity%
24.69
26.98
28.35
30.23
28.18
25.92
28.76
28.98
29.01
31.42
29.32
28.98
28.56
83
26.46
Return on assets%
26.84
24.28
26.97
25.30
23.76
21.44
22.89
22.43
22.42
23.55
3.43
22.43
23.66
53
1.30
EPS¥
4.26
4.70
4.83
4.94
5.00
5.50
6.23
6.81
7.48
8.16
1.44
10.29%
7.14%
—
9.51
EPS growth%
15.86
16.61
18.81
19.60
18.65
16.55
16.81
18.36
18.92
18.52
10.58
18.36
18.44
44
3.37
Bookvalue per sh¥
2.94
3.09
3.03
3.17
2.83
2.58
2.45
2.46
2.47
2.52
2.58
(2.30%)
(1.86%)
—
4.00
FCF per share¥
4.74
5.23
4.73
4.32
4.55
4.20
4.51
4.56
4.80
5.02
2.70
1.98%
0.61%
—
1.89
Dividend per sh¥
4.14
3.99
4.71
5.06
5.00
5.29
5.79
5.99
6.01
6.31
1.47
4.74%
4.25%
—
7.51
Div yield (avg)%
32.90
34.67
33.77
32.90
31.80
33.50
33.25
33.16
32.43
32.44
9.03
33.16
33.03
53
25.53
Payout ratio%
21.34
20.88
19.56
19.82
19.75
21.66
24.18
21.57
18.94
20.18
17.85
21.57
20.53
87
64.03
Shares (diluted)M
100.5
114.1
112.6
122.2
133.7
136.9
136.1
138.8
144.2
141.6
63.73
1.17%
3.55%
37
28.86
Buyback yield%
20.27
19.50
19.36
19.92
21.20
19.03
18.27
15.59
13.37
14.27
11.25
15.59
19.20
73
0.202
D/E ratiox
1.058
1.240
1.196
1.197
1.325
1.419
1.558
1.688
1.970
2.158
0.494
1.688
1.372
35
72.09
Enterprise value¥M
606.8
564.1
523.1
510.0
520.0
567.1
585.8
618.7
598.0
547.8
261.0
1.05%
(0.01%)
37
160.5
LT debt¥M
153.7
142.3
145.7
134.6
144.2
140.0
145.9
148.7
146.9
157.4
201.7
1.76%
(1.27%)
38
Revenue
¥408.5M
8.94%
1.00×
Cost of revenue
¥286.0M
8.94%
1.00×
Operating expenses
¥78.94M
8.40%
0.95×
Property and equipment
17.31%
Spread over hurdle
(1.50%)