380.8
Revenue¥M
522.4
537.7
567.3
600.1
613.5
645.5
652.8
680.7
703.2
726.0
406.1
3.42%
3.90%
66
10.25
Revenue growth%
2.35
1.10
2.28
3.14
4.98
7.92
5.63
6.10
6.52
9.16
15.15
6.52
5.31
29
18.67
Gross margin%
30.64
30.18
32.03
32.28
30.13
29.92
28.41
26.19
24.29
26.40
9.25
26.40
30.02
40
2.98
Operating margin%
18.80
21.48
20.41
17.49
20.16
22.11
22.64
20.77
23.45
23.02
19.57
22.64
21.12
43
11.18
Net margin%
5.40
7.08
4.97
3.44
5.91
7.26
6.84
8.20
9.36
8.85
3.52
8.20
6.96
66
17.31
P/E ratio (avg)x
20.45
20.50
23.87
24.44
26.70
30.14
34.90
37.38
44.17
46.88
27.83
37.38
28.42
49
17.58
EV/EBITx
11.19
9.966
8.918
9.723
9.692
9.581
9.144
9.132
9.389
9.419
22.92
9.389
9.500
11
21.27
FCF yield (avg)%
13.61
11.22
13.37
13.48
11.13
13.56
12.33
12.32
15.32
17.50
9.80
13.56
13.43
92
14.51
FCF margin%
17.48
17.03
19.39
18.66
16.51
15.54
15.70
17.60
15.56
14.66
9.22
15.56
16.77
39
1.220
FCF / Net incomex
0.970
1.010
1.118
1.320
1.369
1.337
1.496
1.726
2.036
2.230
1.126
1.726
1.353
44
14.04
ROIC%
15.14
15.37
13.44
11.26
10.37
8.47
11.44
13.68
12.77
11.00
7.69
11.44
12.10
44
15.28
Return on equity%
20.32
20.09
22.04
24.38
26.34
26.62
27.03
25.71
23.99
21.42
2.32
25.71
24.19
33
9.02
Return on assets%
20.86
21.43
19.00
20.02
23.01
20.71
20.46
17.59
17.37
14.70
22.75
17.59
20.24
46
1.81
EPS¥
2.92
3.01
3.46
3.93
4.07
3.85
4.52
5.00
5.39
6.37
2.01
9.39%
9.29%
—
20.69
EPS growth%
0.40
2.44
1.35
0.40
0.60
0.40
0.40
0.40
1.30
0.40
12.67
0.40
0.40
47
1.35
Bookvalue per sh¥
0.71
0.79
0.91
0.91
0.98
0.99
1.04
1.24
1.45
1.68
1.48
11.37%
9.27%
—
1.90
FCF per share¥
1.42
1.61
1.53
1.52
1.71
1.91
1.83
2.08
2.09
2.30
1.96
6.13%
4.25%
—
0.55
Dividend per sh¥
3.23
3.62
3.74
3.96
4.04
4.48
5.26
5.55
5.82
6.35
0.70
9.44%
7.20%
—
20.25
Div yield (avg)%
24.99
26.70
26.51
23.63
22.59
20.48
19.05
17.91
15.72
17.96
16.18
17.96
21.54
70
10.45
Payout ratio%
20.53
23.36
25.75
27.56
28.08
29.89
31.33
29.60
32.46
32.97
21.03
31.33
28.84
73
217.6
Shares (diluted)M
237.3
256.6
231.9
228.0
253.0
256.8
285.8
264.4
253.9
225.8
219.5
(2.25%)
(0.91%)
74
3.07
Buyback yield%
21.78
23.87
24.97
27.03
29.52
26.89
24.86
27.42
26.19
23.30
5.66
26.19
25.58
60
0.919
D/E ratiox
1.073
1.149
1.160
1.136
1.041
1.081
1.043
0.918
0.959
0.959
1.773
0.959
1.058
34
34.07
Enterprise value¥M
191.0
198.0
185.8
172.1
197.9
187.0
176.2
201.0
215.3
222.9
283.3
2.41%
2.81%
36
211.3
LT debt¥M
275.2
305.0
340.8
325.7
351.3
354.3
396.8
416.4
382.4
410.7
292.9
3.18%
3.52%
66
Revenue
¥726.0M
3.90%
1.00×
Cost of revenue
¥508.2M
3.90%
1.00×
Operating expenses
¥112.6M
3.79%
0.99×
Property and equipment
18.56%
Cash and investments
17.16%
Spread over hurdle
11.18%