127.5
Revenue¥M
279.6
301.2
326.6
353.0
385.6
421.2
459.7
502.5
533.7
579.8
134.9
8.50%
8.44%
78
18.91
Revenue growth%
28.92
29.78
31.74
33.53
33.66
36.17
35.98
34.07
31.25
33.53
19.02
34.07
33.53
12
27.01
Gross margin%
18.81
18.71
16.58
15.50
16.40
18.03
16.03
17.42
15.63
15.07
12.96
16.03
16.49
52
20.39
Operating margin%
14.34
16.95
14.96
14.21
16.76
14.59
14.99
14.85
13.21
12.18
27.67
14.59
14.72
22
10.15
Net margin%
23.93
23.35
23.81
22.38
20.93
18.62
19.48
18.86
18.89
21.71
24.22
18.89
21.32
30
9.700
P/E ratio (avg)x
16.19
16.61
14.85
14.84
15.51
15.18
15.33
15.50
14.20
14.80
17.80
15.18
15.26
33
8.716
EV/EBITx
10.65
11.46
12.36
13.09
14.28
14.49
15.73
17.17
17.37
19.89
17.84
17.17
14.39
92
5.39
FCF yield (avg)%
2.82
1.31
1.80
0.48
2.62
4.63
3.55
5.73
3.09
2.74
9.98
3.55
2.78
53
28.23
FCF margin%
19.60
19.92
17.75
20.67
22.21
21.97
20.85
20.58
19.78
21.95
2.71
20.85
20.62
38
0.940
FCF / Net incomex
1.663
1.893
1.996
2.033
2.309
2.313
2.367
2.301
2.459
2.735
1.734
2.367
2.305
21
8.95
ROIC%
17.58
18.78
20.99
20.20
18.75
17.01
15.84
17.10
16.90
18.96
6.38
17.01
18.16
58
2.42
Return on equity%
28.07
30.60
32.79
31.61
33.31
32.87
32.42
31.17
32.69
30.47
12.89
32.42
32.02
77
17.57
Return on assets%
5.50
8.00
10.52
8.30
10.07
10.27
11.81
9.43
9.66
11.86
8.76
10.27
9.86
14
0.92
EPS¥
0.66
0.76
0.81
0.80
0.87
0.97
1.10
1.10
1.25
1.17
0.97
6.10%
5.76%
—
8.29
EPS growth%
15.12
13.04
14.97
13.62
10.94
11.15
11.62
8.91
11.18
13.31
22.18
11.18
12.33
9
0.35
Bookvalue per sh¥
1.53
1.62
1.74
1.58
1.64
1.53
1.50
1.46
1.55
1.72
1.89
0.92%
1.82%
—
2.00
FCF per share¥
0.50
0.53
0.57
0.65
0.72
0.82
0.82
0.83
0.84
0.92
0.82
4.97%
6.38%
—
1.06
Dividend per sh¥
1.46
1.63
1.78
1.75
1.70
1.74
1.98
2.26
2.56
2.66
1.32
9.33%
7.34%
—
13.77
Div yield (avg)%
24.47
25.80
25.18
23.33
25.55
25.79
25.07
27.33
26.27
28.99
4.92
26.27
25.67
25
22.42
Payout ratio%
4.20
3.30
0.76
1.81
4.54
2.17
4.74
1.92
1.06
0.40
29.37
1.92
2.04
16
233.7
Shares (diluted)M
175.7
174.9
155.7
167.4
165.1
169.9
149.7
144.7
155.9
136.9
231.4
(3.68%)
(2.42%)
8
5.27
Buyback yield%
0.59
0.40
2.71
4.15
2.32
0.40
1.39
4.19
3.85
2.20
22.54
2.20
2.26
51
1.792
D/E ratiox
1.095
1.195
1.350
1.445
1.565
1.580
1.875
2.158
2.161
2.476
1.529
2.158
1.572
17
310.4
Enterprise value¥M
171.3
171.3
169.3
180.7
176.8
175.2
168.2
167.0
142.5
153.6
385.8
(2.77%)
(1.65%)
59
370.2
LT debt¥M
39.15
34.55
31.60
33.83
36.35
32.92
35.84
34.13
34.59
31.23
420.4
(2.99%)
(2.32%)
31
Revenue
¥579.8M
8.44%
1.00×
Cost of revenue
¥363.6M
8.26%
0.98×
Operating expenses
¥147.7M
9.03%
1.05×
Goodwill & intangibles
18.95%
Spread over hurdle
(3.08%)