1.550
Revenue¥B
1.275
1.375
1.511
1.629
1.741
1.890
2.030
2.221
2.429
2.643
1.705
8.70%
8.46%
23
16.89
Revenue growth%
25.73
25.40
23.51
23.07
24.18
24.31
25.51
23.14
20.15
19.91
17.46
23.14
23.85
63
7.59
Gross margin%
25.94
25.11
27.77
25.22
27.37
25.96
28.03
28.36
31.20
33.59
23.70
28.36
27.57
62
20.68
Operating margin%
14.53
11.63
12.73
11.28
8.73
6.02
8.01
10.32
9.29
7.72
3.24
8.01
9.80
64
25.30
Net margin%
31.55
30.25
31.74
31.94
33.53
33.03
30.46
28.06
30.38
30.45
3.88
30.45
31.00
81
29.02
P/E ratio (avg)x
11.95
13.04
12.94
14.05
15.29
15.00
15.28
13.65
13.52
15.25
37.90
15.00
13.85
43
23.16
EV/EBITx
23.74
25.70
24.42
24.45
21.84
20.70
19.86
17.29
18.61
17.36
36.00
18.61
21.27
82
11.28
FCF yield (avg)%
19.58
19.96
17.08
16.22
18.32
19.74
16.85
19.75
22.46
22.99
2.91
19.75
19.66
63
2.14
FCF margin%
28.66
26.81
27.65
29.95
30.39
28.17
30.32
28.61
28.13
31.04
11.09
28.61
28.63
56
0.788
FCF / Net incomex
0.979
0.907
0.906
1.001
1.039
1.026
1.152
1.124
1.131
1.264
0.133
1.131
1.033
66
8.25
ROIC%
17.18
16.93
15.06
17.65
18.44
19.33
21.03
20.58
20.31
19.29
13.62
20.31
18.86
21
14.24
Return on equity%
29.18
32.16
30.24
29.16
30.96
31.44
31.31
30.75
32.87
34.74
8.34
31.44
31.14
56
2.20
Return on assets%
15.14
13.43
13.72
16.02
17.22
15.74
13.23
10.52
8.51
9.04
8.31
10.52
13.57
6
1.15
EPS¥
5.37
6.17
7.25
7.83
8.03
8.51
9.55
11.02
12.33
12.81
1.28
9.80%
10.67%
—
13.72
EPS growth%
12.37
15.24
17.55
17.48
19.98
20.23
20.12
19.63
18.13
20.89
22.80
20.12
18.88
44
3.25
Bookvalue per sh¥
1.82
1.70
1.89
2.14
2.00
2.19
2.39
2.45
2.50
2.31
2.51
2.95%
2.55%
—
1.11
FCF per share¥
2.48
2.27
2.30
2.04
2.19
2.39
2.23
1.94
1.89
1.81
4.60
(3.69%)
(4.48%)
—
4.41
Dividend per sh¥
4.47
5.04
5.03
5.98
6.22
6.30
6.85
7.88
9.08
8.98
2.65
7.61%
7.85%
—
8.26
Div yield (avg)%
26.72
26.78
27.78
28.02
29.93
31.15
33.29
30.74
30.42
30.89
5.50
30.89
30.17
49
20.04
Payout ratio%
30.36
30.65
30.84
32.15
30.33
32.35
29.67
30.05
28.54
27.19
28.68
29.67
30.35
85
156.1
Shares (diluted)M
207.5
223.1
223.0
243.3
246.0
255.5
274.7
288.8
275.8
306.6
158.5
4.50%
5.19%
10
29.74
Buyback yield%
14.07
12.04
14.97
15.64
14.03
16.62
17.42
17.21
16.17
18.77
10.28
17.21
15.91
55
0.350
D/E ratiox
1.998
2.076
2.031
2.317
2.352
2.602
2.860
2.830
2.930
2.999
0.319
2.860
2.477
67
1.417
Enterprise value¥B
1.588
1.774
2.021
2.078
2.019
2.185
2.069
2.135
1.996
2.256
1.962
2.24%
4.47%
89
2.490
LT debt¥B
2.088
2.356
2.420
2.237
2.495
2.550
2.453
2.499
2.423
2.563
2.114
0.53%
1.98%
58
Revenue
¥2.643B
8.46%
1.00×
Cost of revenue
¥1.850B
8.46%
1.00×
Operating expenses
¥439.9M
8.69%
1.02×
Property and equipment
22.10%
Cash and investments
15.95%
Spread over hurdle
24.09%