2.225
Revenue¥B
1.573
1.713
1.812
1.969
2.156
2.330
2.521
2.676
2.902
3.075
2.320
7.36%
7.96%
61
6.39
Revenue growth%
22.33
21.39
19.10
18.62
18.18
17.09
19.83
20.73
18.13
17.52
11.64
18.13
18.86
58
27.44
Gross margin%
20.62
23.54
22.95
24.75
25.94
26.54
26.46
27.76
30.30
29.84
14.21
27.76
26.20
13
2.55
Operating margin%
29.62
28.88
29.98
30.88
27.91
29.31
30.58
31.00
33.73
33.41
28.71
31.00
30.28
30
21.37
Net margin%
17.96
17.11
17.77
18.32
21.08
22.58
25.12
27.99
25.08
25.28
4.74
25.12
21.83
36
8.922
P/E ratio (avg)x
23.30
27.52
27.70
26.76
27.69
28.38
27.70
26.77
26.39
31.35
16.99
27.70
27.61
63
8.708
EV/EBITx
35.03
33.79
36.70
36.29
34.00
33.89
30.99
33.69
34.95
34.97
26.34
33.89
34.47
20
7.75
FCF yield (avg)%
13.99
15.32
15.55
14.00
12.71
11.11
9.20
6.55
7.52
10.41
4.81
9.20
11.91
41
25.54
FCF margin%
18.50
20.36
20.03
21.64
22.07
23.38
21.39
20.92
20.70
21.15
3.38
21.15
21.03
37
1.566
FCF / Net incomex
1.222
1.444
1.486
1.481
1.517
1.530
1.633
1.658
1.974
2.008
1.148
1.658
1.524
90
6.03
ROIC%
9.14
11.44
9.82
12.00
12.70
10.00
12.92
14.86
12.09
11.15
3.26
12.09
11.72
76
7.71
Return on equity%
25.30
25.30
27.73
26.54
24.58
26.11
27.63
28.99
27.69
25.89
13.22
27.63
26.32
50
22.33
Return on assets%
17.45
18.06
15.61
15.72
18.47
16.14
18.50
15.65
15.53
14.33
19.50
15.65
15.93
93
57.45
EPS¥
76.99
79.92
91.59
103.56
114.37
129.49
143.23
142.88
158.97
160.40
59.36
7.00%
8.31%
—
29.46
EPS growth%
3.88
6.66
8.54
9.88
7.83
8.83
9.30
7.51
6.50
6.80
29.60
7.51
7.67
42
105.04
Bookvalue per sh¥
26.04
26.69
24.80
24.27
22.08
23.73
24.46
24.89
25.57
22.57
96.60
0.43%
(2.25%)
—
120.06
FCF per share¥
132.10
132.56
154.64
180.99
174.66
195.18
215.26
214.83
248.66
264.99
25.98
8.69%
7.67%
—
120.83
Dividend per sh¥
74.12
83.73
94.35
89.36
89.66
93.88
108.67
110.44
122.79
129.77
62.73
7.68%
7.37%
—
25.15
Div yield (avg)%
2.81
2.83
4.40
6.17
7.44
7.89
10.04
9.70
8.83
8.86
15.40
8.86
7.66
70
18.52
Payout ratio%
15.96
16.20
18.05
18.05
16.44
17.53
20.49
22.02
22.75
24.70
27.29
22.02
18.05
20
17.70
Shares (diluted)M
20.66
21.38
24.42
25.66
24.30
23.64
23.41
27.15
30.14
28.59
17.81
3.31%
4.18%
54
12.43
Buyback yield%
5.52
6.56
5.29
3.22
5.43
4.99
6.95
4.90
4.26
1.41
19.56
4.90
5.14
80
1.573
D/E ratiox
0.689
0.759
0.735
0.819
0.878
1.003
0.984
1.066
1.242
1.313
1.175
1.066
0.931
7
2.607
Enterprise value¥B
0.994
1.012
1.092
1.053
0.949
0.987
1.117
1.081
1.200
1.354
1.336
7.38%
2.70%
9
2.799
LT debt¥B
4.617
4.672
4.966
4.791
5.713
6.170
6.264
6.550
7.675
9.030
1.482
9.59%
7.88%
53
Revenue
¥3.075B
7.96%
1.00×
Cost of revenue
¥2.152B
7.96%
1.00×
Operating expenses
¥416.1M
7.84%
0.99×
Spread over hurdle
(0.37%)