1.825
Revenue¥B
1.625
1.760
1.895
2.037
2.178
2.403
2.625
2.860
3.072
3.268
1.882
8.45%
8.10%
32
29.66
Revenue growth%
11.02
11.45
13.91
12.06
13.14
11.53
9.05
6.27
8.65
7.58
29.37
8.65
11.23
29
2.47
Gross margin%
13.27
10.96
12.44
14.78
14.51
15.45
12.47
13.65
11.05
12.94
16.03
12.94
13.11
59
6.90
Operating margin%
25.72
28.08
25.61
25.20
24.28
25.39
24.57
24.75
22.74
20.81
5.76
24.57
24.98
56
11.96
Net margin%
31.23
31.90
33.19
32.12
31.86
32.82
31.11
30.45
32.30
33.63
26.77
32.30
32.01
12
10.01
P/E ratio (avg)x
27.15
29.20
31.78
33.46
39.77
39.79
46.57
46.39
50.42
53.33
10.69
46.57
39.78
50
24.26
EV/EBITx
21.66
20.28
20.89
22.30
24.65
23.89
24.53
27.15
25.60
28.27
36.31
25.60
24.21
40
5.58
FCF yield (avg)%
26.49
25.41
25.16
26.04
25.96
27.32
29.21
29.30
32.29
30.00
13.98
29.30
26.90
13
27.97
FCF margin%
0.40
0.40
0.40
0.40
0.40
0.90
2.07
0.40
0.77
0.40
13.86
0.77
0.40
19
0.677
FCF / Net incomex
0.315
0.350
0.380
0.381
0.383
0.386
0.446
0.490
0.523
0.548
0.838
0.490
0.385
50
20.54
ROIC%
4.71
3.57
5.31
3.61
5.62
7.23
8.46
8.08
7.41
8.74
19.65
8.08
6.43
18
3.53
Return on equity%
27.21
29.03
27.68
30.61
31.33
29.30
30.68
31.18
28.46
26.48
25.90
29.30
29.17
86
13.91
Return on assets%
12.55
14.61
16.58
15.21
16.01
17.80
17.46
20.03
22.90
25.00
3.56
20.03
17.02
17
11.44
EPS¥
13.29
13.99
15.99
15.87
15.19
14.53
16.12
18.00
18.33
20.25
12.53
5.92%
5.91%
—
8.88
EPS growth%
0.40
0.40
0.86
1.49
4.07
1.79
2.15
2.58
4.34
1.34
14.49
2.15
1.64
81
29.02
Bookvalue per sh¥
13.11
13.62
13.42
14.15
13.29
15.27
15.26
17.70
20.16
19.26
19.25
7.71%
3.70%
—
18.06
FCF per share¥
27.12
24.95
23.11
22.43
23.57
25.53
25.42
27.19
25.44
26.13
20.90
2.08%
(0.02%)
—
26.28
Dividend per sh¥
17.01
18.16
16.47
15.09
14.57
14.77
15.88
16.69
16.80
17.65
32.14
3.90%
0.86%
—
14.20
Div yield (avg)%
31.85
33.88
36.71
38.04
37.28
38.34
40.80
39.42
39.15
41.40
29.36
39.42
38.19
68
26.56
Payout ratio%
20.23
20.00
18.79
21.07
22.44
22.75
22.14
23.47
25.59
23.91
18.65
23.47
22.29
12
44.25
Shares (diluted)M
51.79
57.34
52.83
55.31
60.51
58.40
66.99
68.58
78.08
77.64
44.63
5.11%
5.17%
80
20.91
Buyback yield%
24.99
24.55
23.73
21.62
18.72
18.02
19.48
20.88
19.25
20.40
25.90
19.48
20.64
7
0.877
D/E ratiox
0.802
0.791
0.778
0.888
0.863
1.004
1.087
1.252
1.325
1.322
0.247
1.252
0.946
36
1.000
Enterprise value¥B
2.135
2.385
2.837
2.763
3.265
3.409
3.703
4.072
3.880
4.423
2.086
6.26%
8.59%
73
1,653
LT debt¥M
523.4
543.9
488.2
442.6
422.6
394.3
389.0
401.5
395.5
347.1
510.0
(3.86%)
(4.37%)
7
Revenue
¥3.268B
8.10%
1.00×
Cost of revenue
¥1.741B
7.81%
0.97×
Operating expenses
¥819.3M
8.28%
1.02×
Cash and investments
16.94%
Spread over hurdle
10.38%