242.5
Revenue¥M
155.3
163.5
179.1
190.9
210.0
226.1
239.8
262.5
286.5
301.4
252.5
7.50%
7.41%
29
10.52
Revenue growth%
13.82
15.59
17.02
15.07
14.31
13.45
13.09
15.85
14.30
14.36
27.76
14.30
14.34
35
16.62
Gross margin%
3.91
6.49
6.13
3.35
1.66
4.41
2.49
0.40
2.01
2.06
25.54
2.06
2.92
91
29.40
Operating margin%
21.17
21.26
21.67
20.47
20.62
20.27
22.52
24.89
25.93
23.03
8.61
23.03
21.47
50
3.87
Net margin%
22.05
21.47
23.50
24.80
25.73
25.67
27.10
26.26
28.09
25.55
21.26
26.26
25.61
72
27.95
P/E ratio (avg)x
23.96
23.87
24.13
24.52
25.70
24.95
23.11
24.06
23.19
25.11
6.429
24.06
24.09
56
18.44
EV/EBITx
10.97
10.00
9.824
10.38
9.805
10.77
10.08
9.562
8.552
9.021
30.14
9.562
9.912
29
4.91
FCF yield (avg)%
2.19
0.54
0.40
0.89
1.16
2.43
5.34
7.24
7.19
6.61
23.76
6.61
2.31
14
2.07
FCF margin%
13.62
11.33
8.81
8.80
8.01
6.70
6.00
4.45
5.37
3.49
11.32
5.37
7.36
94
0.355
FCF / Net incomex
0.225
0.198
0.172
0.163
0.153
0.135
0.129
0.138
0.136
0.144
1.560
0.136
0.149
40
6.73
ROIC%
13.19
15.68
16.97
14.33
11.83
12.81
11.08
8.35
8.33
6.14
14.58
8.35
12.32
77
18.17
Return on equity%
20.31
18.78
19.59
20.24
22.54
24.17
25.86
25.77
23.83
23.90
22.61
24.17
23.19
29
7.56
Return on assets%
11.68
14.04
14.67
15.11
12.42
12.28
9.35
8.73
9.86
8.05
7.25
9.35
11.98
41
30.22
EPS¥
5.61
5.13
4.66
5.05
4.79
4.54
4.76
5.12
4.51
4.41
33.66
(1.64%)
(2.49%)
—
10.18
EPS growth%
11.30
8.54
7.66
8.52
10.72
10.82
9.12
7.14
7.56
5.93
21.07
7.56
8.53
81
15.90
Bookvalue per sh¥
31.81
30.48
32.10
31.53
28.87
26.57
24.27
24.44
23.29
23.23
30.60
(4.25%)
(3.77%)
—
20.53
FCF per share¥
36.99
38.14
43.50
50.41
47.81
48.87
49.59
50.39
54.83
60.06
32.93
4.67%
6.54%
—
10.30
Dividend per sh¥
15.32
13.95
14.71
15.19
13.41
12.48
11.78
10.42
11.45
11.40
19.61
(3.21%)
(4.21%)
—
26.25
Div yield (avg)%
5.65
3.10
5.43
7.45
8.33
10.16
10.93
12.21
14.72
14.48
27.42
12.21
9.24
7
13.18
Payout ratio%
12.42
14.28
11.70
12.16
13.27
13.28
14.84
12.44
13.43
12.90
23.10
13.28
13.08
8
6.648
Shares (diluted)M
9.067
10.61
12.42
14.14
15.51
18.04
18.23
20.31
19.41
22.32
6.696
7.56%
9.65%
33
17.89
Buyback yield%
23.99
25.61
22.98
25.08
22.75
20.98
23.08
24.63
23.53
23.74
13.85
23.53
23.64
5
1.213
D/E ratiox
1.405
1.448
1.520
1.557
1.528
1.737
1.668
1.852
1.745
1.642
1.593
1.737
1.599
8
96.44
Enterprise value¥M
399.0
439.3
473.6
477.0
567.5
634.0
729.0
874.7
894.6
934.4
143.4
10.49%
8.65%
20
31.92
LT debt¥M
86.65
87.76
101.0
117.9
121.8
133.6
154.7
179.7
183.8
178.7
34.83
7.97%
9.04%
88
Revenue
¥301.4M
7.41%
1.00×
Cost of revenue
¥198.7M
7.83%
1.04×
Operating expenses
¥46.24M
6.32%
0.90×
Property and equipment
15.07%
Spread over hurdle
(2.11%)