266.2
Revenue¥M
557.3
586.4
616.8
646.5
690.5
735.8
795.1
843.5
878.9
923.9
296.2
6.00%
6.00%
45
14.76
Revenue growth%
23.49
20.95
17.96
19.22
21.81
21.71
22.75
20.21
22.61
22.57
29.74
22.57
21.76
68
2.53
Gross margin%
14.84
12.05
12.24
15.23
12.46
12.88
10.63
11.92
9.15
7.75
14.42
10.63
12.15
27
2.21
Operating margin%
29.58
27.89
29.41
30.46
28.15
31.02
29.66
31.17
32.71
31.04
4.29
31.04
30.06
69
17.06
Net margin%
16.18
15.66
12.96
14.99
16.59
15.29
13.08
15.02
15.51
13.61
6.46
15.02
15.16
21
30.10
P/E ratio (avg)x
16.72
17.78
20.58
22.30
26.00
29.08
33.08
33.60
38.84
43.06
20.36
33.60
27.54
24
16.55
EV/EBITx
22.62
21.64
23.05
20.27
18.91
16.78
17.42
18.01
18.34
17.74
30.96
17.74
18.63
54
3.39
FCF yield (avg)%
25.34
27.89
28.69
30.97
30.96
29.29
27.77
30.35
30.41
28.71
29.03
29.29
29.00
6
7.57
FCF margin%
7.97
8.88
11.58
13.74
11.82
12.51
15.43
17.73
16.69
18.66
23.42
16.69
13.12
86
1.533
FCF / Net incomex
1.111
1.147
1.200
1.254
1.207
1.314
1.435
1.610
1.576
1.712
0.484
1.576
1.284
10
19.31
ROIC%
14.54
14.62
11.88
9.66
10.13
10.13
12.86
10.15
10.62
10.80
10.49
10.62
10.71
37
12.86
Return on equity%
20.35
18.46
20.32
18.87
19.88
22.68
23.68
22.28
21.50
18.64
18.57
22.28
20.33
63
22.69
Return on assets%
18.18
17.74
18.09
15.29
13.64
15.82
16.15
16.30
19.10
19.78
9.12
16.30
17.02
40
24.86
EPS¥
9.13
9.00
8.75
8.63
9.06
8.25
7.40
7.92
7.35
6.38
25.54
(6.79%)
(3.83%)
—
24.08
EPS growth%
24.93
26.50
23.54
20.76
18.01
20.28
18.90
18.12
19.20
17.27
11.93
18.90
19.74
88
13.73
Bookvalue per sh¥
8.10
9.00
10.02
10.51
11.66
12.99
13.85
14.55
14.04
15.25
17.56
5.52%
7.86%
—
4.43
FCF per share¥
34.30
37.61
43.64
45.82
52.12
57.87
58.22
59.78
66.08
66.24
9.27
4.91%
7.52%
—
7.43
Dividend per sh¥
13.40
14.32
14.15
15.13
14.83
14.44
17.06
18.85
21.44
21.53
17.61
7.74%
6.24%
—
16.26
Div yield (avg)%
23.86
23.72
24.78
24.15
26.09
24.07
24.91
22.08
22.93
22.37
23.85
22.93
23.97
61
29.44
Payout ratio%
26.07
23.14
22.84
22.15
22.47
24.34
21.74
24.62
27.41
28.95
6.68
24.62
23.74
39
11.69
Shares (diluted)M
9.375
8.974
8.241
6.977
7.003
6.311
5.587
5.370
5.130
4.794
11.97
(7.30%)
(7.10%)
47
26.27
Buyback yield%
8.75
6.13
3.59
2.77
3.64
5.48
6.93
5.40
4.95
3.52
27.83
5.40
5.18
5
1.380
D/E ratiox
1.619
1.754
1.973
1.896
1.916
1.794
1.824
1.797
2.104
2.087
1.415
1.824
1.860
44
770.8
Enterprise value¥M
468.2
477.8
454.6
432.9
428.9
403.4
359.1
314.3
318.9
297.3
598.7
(7.07%)
(3.99%)
40
0.125
LT debt¥B
0.815
0.959
0.946
0.988
1.006
1.167
1.126
1.225
1.439
1.509
0.848
8.45%
8.09%
27
Revenue
¥923.9M
6.00%
1.00×
Cost of revenue
¥539.1M
6.16%
1.02×
Operating expenses
¥125.0M
6.64%
1.06×
Property and equipment
14.42%
Spread over hurdle
22.61%