1.342
Revenue¥B
0.910
1.008
1.074
1.147
1.246
1.352
1.436
1.559
1.653
1.824
1.411
7.92%
8.01%
72
8.79
Revenue growth%
10.25
8.26
8.05
8.37
9.92
9.88
10.07
11.24
11.78
10.57
13.55
10.57
9.99
23
27.44
Gross margin%
25.07
22.29
21.82
24.41
21.96
21.42
24.03
21.98
22.08
19.81
4.00
21.98
22.03
26
5.25
Operating margin%
0.40
2.45
3.69
3.69
0.95
3.57
4.24
3.70
4.86
6.76
19.14
4.24
3.69
68
3.13
Net margin%
9.41
6.61
7.01
5.01
7.37
8.56
5.76
3.20
2.18
2.56
4.32
3.20
6.19
40
37.49
P/E ratio (avg)x
17.33
18.09
19.73
20.39
22.75
22.16
21.84
22.39
23.71
25.39
25.82
22.39
22.00
69
14.99
EV/EBITx
22.30
21.59
19.05
17.11
15.59
13.75
12.58
12.23
11.03
9.718
23.78
12.23
14.67
59
17.04
FCF yield (avg)%
8.34
10.28
9.29
11.78
13.28
11.75
11.69
9.96
11.82
9.53
20.51
11.69
10.98
17
22.83
FCF margin%
7.37
5.39
7.93
6.73
9.35
6.54
4.18
6.29
8.01
10.57
16.54
6.54
7.05
87
1.789
FCF / Net incomex
0.351
0.352
0.383
0.383
0.374
0.379
0.444
0.448
0.518
0.592
1.048
0.448
0.383
66
11.62
ROIC%
25.20
25.39
23.67
20.74
17.92
15.20
12.20
14.04
14.07
11.36
17.12
14.04
16.56
75
25.21
Return on equity%
14.34
13.86
15.34
14.92
13.84
12.02
13.64
14.11
13.42
11.85
26.54
13.42
13.85
7
7.26
Return on assets%
18.40
15.57
12.72
12.75
12.66
12.32
11.62
10.95
10.67
11.81
27.58
11.62
12.49
27
32.27
EPS¥
36.26
34.81
33.31
37.39
40.90
41.60
44.59
41.24
42.57
46.33
33.16
2.53%
2.12%
—
18.51
EPS growth%
9.56
11.13
9.62
10.89
9.53
6.93
9.50
8.16
5.21
5.81
26.13
6.93
9.51
30
95.50
Bookvalue per sh¥
109.94
99.13
90.66
91.95
80.21
83.71
91.01
87.31
84.16
89.61
33.14
2.24%
(1.15%)
—
46.13
FCF per share¥
143.61
162.36
158.07
169.34
186.56
196.79
202.38
193.33
215.04
225.78
79.98
3.89%
6.16%
—
55.47
Dividend per sh¥
73.60
81.19
85.75
85.68
79.58
90.12
85.68
80.46
86.61
89.16
86.42
2.30%
3.38%
—
28.81
Div yield (avg)%
21.13
20.33
17.34
15.38
14.71
16.32
18.65
21.14
20.15
21.71
4.07
20.15
19.40
88
3.99
Payout ratio%
0.40
0.40
3.35
0.94
0.58
3.39
2.15
3.36
2.38
0.47
24.46
2.38
1.54
42
14.33
Shares (diluted)M
19.47
20.91
20.74
19.93
19.70
21.58
20.70
21.87
24.30
25.14
14.38
5.00%
2.31%
35
9.56
Buyback yield%
12.59
15.20
12.99
11.75
14.01
12.24
10.10
11.75
14.37
13.89
8.63
12.24
12.79
9
1.609
D/E ratiox
2.368
2.341
2.632
2.569
2.874
2.958
3.173
3.838
3.871
4.582
0.631
3.838
2.916
76
336.5
Enterprise value¥M
526.4
514.7
495.0
472.6
456.1
441.6
392.8
430.5
372.3
336.4
840.7
(5.90%)
(3.86%)
67
1.907
LT debt¥B
2.562
3.069
3.415
4.114
4.233
4.417
4.856
5.429
5.834
6.631
0.376
9.39%
10.44%
27
Revenue
¥1.824B
8.01%
1.00×
Cost of revenue
¥1.277B
8.01%
1.00×
Operating expenses
¥331.2M
7.73%
0.97×
Cash and investments
16.83%
Spread over hurdle
(6.33%)