126.2
Revenue¥M
147.9
161.1
168.8
182.7
198.8
213.1
229.5
247.9
265.5
281.9
135.1
7.24%
7.40%
90
26.01
Revenue growth%
17.87
16.70
14.82
16.75
17.77
15.50
18.16
16.80
18.61
18.29
28.55
18.16
17.28
64
22.54
Gross margin%
4.57
2.13
0.40
1.95
0.40
2.83
1.58
4.00
5.34
5.94
27.26
4.00
2.48
18
12.81
Operating margin%
2.62
0.40
0.71
2.97
2.16
0.40
2.94
2.47
0.75
0.40
27.67
0.75
1.46
36
20.27
Net margin%
26.68
25.54
23.38
21.96
24.86
25.76
25.13
24.93
23.08
25.70
15.46
25.13
25.03
6
25.37
P/E ratio (avg)x
32.45
30.29
31.78
33.82
31.37
35.61
36.96
37.28
35.49
37.54
21.21
36.96
34.65
91
35.95
EV/EBITx
8.462
8.776
9.398
10.38
10.85
12.75
13.31
13.91
13.24
13.64
24.58
13.31
11.80
31
10.44
FCF yield (avg)%
21.24
20.11
19.32
16.68
15.38
12.87
14.99
13.71
16.56
15.76
6.41
14.99
16.16
71
9.82
FCF margin%
19.75
17.05
19.91
18.50
18.59
17.97
20.25
18.05
18.08
18.56
4.55
18.08
18.53
9
0.712
FCF / Net incomex
0.717
0.631
0.555
0.511
0.456
0.456
0.505
0.550
0.546
0.542
0.945
0.542
0.544
16
19.16
ROIC%
13.45
10.91
11.26
8.34
10.83
11.64
10.72
11.48
9.05
7.19
12.48
10.72
10.87
61
29.77
Return on equity%
3.68
6.64
6.45
3.88
5.25
6.92
8.31
7.53
5.75
6.91
22.15
6.92
6.54
29
22.45
Return on assets%
18.18
19.17
16.63
16.97
16.41
18.71
19.39
21.50
21.36
21.91
14.06
21.36
18.94
76
26.99
EPS¥
39.07
37.71
40.80
41.59
35.95
33.78
34.91
33.00
28.13
26.34
29.38
(6.03%)
(5.49%)
—
19.74
EPS growth%
4.57
5.23
2.70
0.40
0.40
0.64
0.40
0.40
0.45
0.53
9.04
0.45
0.49
20
20.01
Bookvalue per sh¥
72.04
82.56
80.76
91.57
103.47
109.35
121.10
139.64
158.15
153.31
15.32
8.18%
8.92%
—
25.25
FCF per share¥
66.01
68.69
70.83
76.99
84.46
91.48
89.75
93.78
110.40
126.41
41.91
8.40%
6.36%
—
43.96
Dividend per sh¥
43.03
42.45
39.65
45.57
42.71
48.04
56.24
61.56
67.32
66.71
51.95
9.33%
4.10%
—
15.83
Div yield (avg)%
27.72
29.69
28.90
26.64
28.47
26.37
24.74
22.14
19.36
21.99
22.48
22.14
26.50
42
10.28
Payout ratio%
13.61
10.97
10.92
9.97
7.29
5.22
3.28
5.07
6.77
5.58
24.24
5.22
7.03
47
2.017
Shares (diluted)M
2.895
3.146
3.636
3.868
4.501
4.284
5.028
5.056
5.252
6.144
2.001
6.42%
8.47%
83
16.89
Buyback yield%
14.77
15.36
13.38
12.10
12.45
11.44
13.62
15.57
18.27
20.65
15.60
15.57
14.20
57
0.466
D/E ratiox
1.026
1.213
1.386
1.380
1.468
1.484
1.454
1.522
1.663
1.823
1.639
1.522
1.461
13
17.25
Enterprise value¥M
404.1
483.1
583.4
607.0
699.9
696.5
703.8
743.4
809.7
801.2
211.1
2.74%
7.97%
26
89.74
LT debt¥M
108.1
114.9
127.4
145.3
147.9
162.5
176.0
186.4
186.3
184.9
121.0
4.56%
7.28%
45
Revenue
¥281.9M
7.40%
1.00×
Cost of revenue
¥190.5M
7.44%
1.00×
Operating expenses
¥50.93M
6.66%
0.93×
Goodwill & intangibles
17.26%
Property and equipment
15.89%
Spread over hurdle
(2.77%)