120.3
Revenue¥M
433.4
453.6
470.1
486.8
524.9
556.0
584.0
628.5
665.5
712.6
127.3
6.31%
5.82%
33
2.22
Revenue growth%
2.35
2.67
3.67
0.78
0.40
0.40
1.94
3.04
3.14
2.40
29.51
2.40
2.37
19
16.74
Gross margin%
29.08
28.52
25.90
26.39
28.96
28.21
26.75
24.10
25.98
24.47
28.34
25.98
26.57
35
12.63
Operating margin%
6.56
7.26
5.88
8.52
7.49
9.05
7.43
9.29
8.17
7.43
11.58
8.17
7.46
92
18.14
Net margin%
17.93
19.98
17.66
19.39
18.30
16.43
14.87
12.45
11.22
13.68
3.15
13.68
17.05
33
29.90
P/E ratio (avg)x
14.04
13.89
12.99
14.49
14.74
14.33
13.06
13.80
13.73
14.18
35.27
13.80
13.97
52
14.63
EV/EBITx
30.83
33.16
31.78
30.38
32.17
34.43
32.60
32.70
35.09
36.77
33.20
34.43
32.65
31
7.65
FCF yield (avg)%
12.58
9.81
8.67
7.78
7.03
9.27
8.63
8.65
10.82
11.90
25.05
9.27
8.97
94
12.40
FCF margin%
21.75
21.10
22.82
24.65
26.77
27.09
27.09
28.83
30.11
28.92
26.01
28.83
26.93
84
1.412
FCF / Net incomex
0.643
0.714
0.674
0.663
0.731
0.698
0.677
0.704
0.816
0.887
1.638
0.704
0.701
41
2.15
ROIC%
33.41
36.11
36.07
34.81
35.13
34.49
33.22
32.32
34.96
32.81
22.37
33.22
34.65
32
21.25
Return on equity%
14.53
16.63
19.13
19.54
18.09
16.61
17.03
17.73
17.17
17.85
4.90
17.17
17.45
18
11.55
Return on assets%
31.31
31.29
32.88
33.35
33.91
32.64
34.48
34.92
32.49
29.94
25.64
32.64
32.76
45
0.46
EPS¥
1.67
1.48
1.40
1.19
1.17
1.00
0.89
0.79
0.84
0.76
0.51
(8.20%)
(7.70%)
—
26.92
EPS growth%
4.61
6.04
6.32
5.87
7.26
5.59
4.67
4.08
5.09
7.35
6.28
5.09
5.73
55
1.28
Bookvalue per sh¥
1.33
1.44
1.42
1.47
1.57
1.64
1.85
2.07
2.30
2.32
2.45
8.03%
6.08%
—
1.72
FCF per share¥
0.97
0.99
1.00
1.08
1.11
1.16
1.25
1.21
1.12
1.17
2.01
1.21%
3.15%
—
0.85
Dividend per sh¥
3.36
4.00
4.70
5.45
6.04
6.73
6.89
7.22
7.50
8.74
0.69
7.65%
11.21%
—
25.09
Div yield (avg)%
20.28
20.33
18.54
18.35
20.91
22.14
24.68
25.68
25.18
25.37
25.17
25.18
21.53
57
21.60
Payout ratio%
12.35
11.73
14.08
11.27
9.34
11.76
10.11
10.38
9.34
7.89
26.88
10.11
10.82
37
131.3
Shares (diluted)M
105.0
99.95
105.2
102.3
116.9
127.3
133.2
140.5
146.2
138.0
130.1
3.38%
3.58%
87
15.31
Buyback yield%
19.00
21.63
22.77
23.66
21.04
21.90
19.75
17.24
16.78
18.00
8.98
18.00
20.39
41
0.886
D/E ratiox
2.273
2.481
2.586
2.638
3.102
3.421
3.986
4.737
5.538
6.252
0.952
4.737
3.262
34
669.6
Enterprise value¥M
562.2
523.8
552.1
610.1
587.8
554.4
609.6
606.6
652.1
601.1
305.6
0.45%
1.47%
20
685.0
LT debt¥M
364.8
377.1
368.7
367.6
387.1
454.8
523.9
541.9
631.3
643.8
685.9
10.71%
6.96%
84
Revenue
¥712.6M
5.82%
1.00×
Cost of revenue
¥498.8M
5.82%
1.00×
Operating expenses
¥148.4M
5.38%
0.96×
Spread over hurdle
(7.64%)