Market Closed -
Japan Exchange
02:00:00 2024-05-02 am EDT
|
5-day change
|
1st Jan Change
|
18,225
JPY
|
0.00%
|
|
-0.63%
|
+3.40%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,776,645
|
3,460,044
|
4,774,145
|
5,121,819
|
5,171,784
|
6,388,160
|
-
|
-
|
Enterprise Value (EV)
1 |
2,486,086
|
3,164,028
|
4,459,997
|
4,724,015
|
4,790,478
|
5,939,599
|
5,910,552
|
5,855,055
|
P/E ratio
|
22.7
x
|
30.3
x
|
38.7
x
|
31.4
x
|
31
x
|
37.1
x
|
32.1
x
|
28.4
x
|
Yield
|
1.23%
|
0.98%
|
0.69%
|
0.78%
|
0.76%
|
0.63%
|
0.69%
|
0.72%
|
Capitalization / Revenue
|
4.91
x
|
6
x
|
8.71
x
|
7.74
x
|
7.15
x
|
8.4
x
|
7.83
x
|
7.29
x
|
EV / Revenue
|
4.39
x
|
5.49
x
|
8.14
x
|
7.14
x
|
6.62
x
|
7.81
x
|
7.24
x
|
6.68
x
|
EV / EBITDA
|
14.5
x
|
16.8
x
|
22.3
x
|
19.4
x
|
18.4
x
|
22.5
x
|
20.2
x
|
18.1
x
|
EV / FCF
|
21.2
x
|
29
x
|
39.9
x
|
29.4
x
|
31
x
|
35.2
x
|
30.8
x
|
27.8
x
|
FCF Yield
|
4.72%
|
3.45%
|
2.5%
|
3.4%
|
3.22%
|
2.84%
|
3.25%
|
3.6%
|
Price to Book
|
4.46
x
|
5.35
x
|
6.98
x
|
6.37
x
|
6.3
x
|
7.41
x
|
6.95
x
|
6.43
x
|
Nbr of stocks (in thousands)
|
379,894
|
376,092
|
367,101
|
365,062
|
355,205
|
350,516
|
-
|
-
|
Reference price
2 |
7,309
|
9,200
|
13,005
|
14,030
|
14,560
|
18,225
|
18,225
|
18,225
|
Announcement Date
|
5/7/19
|
5/8/20
|
4/30/21
|
5/6/22
|
5/8/23
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
565,810
|
576,546
|
547,921
|
661,466
|
723,582
|
760,199
|
816,057
|
876,664
|
EBITDA
1 |
171,464
|
188,868
|
200,371
|
243,353
|
260,371
|
263,945
|
292,665
|
324,151
|
EBIT
1 |
145,048
|
154,494
|
164,035
|
200,334
|
210,756
|
214,098
|
243,838
|
273,214
|
Operating Margin
|
25.64%
|
26.8%
|
29.94%
|
30.29%
|
29.13%
|
28.16%
|
29.88%
|
31.17%
|
Earnings before Tax (EBT)
1 |
144,657
|
147,268
|
159,218
|
210,706
|
215,832
|
222,971
|
249,877
|
280,825
|
Net income
1 |
122,103
|
114,406
|
125,446
|
164,507
|
168,638
|
172,590
|
197,230
|
220,756
|
Net margin
|
21.58%
|
19.84%
|
22.89%
|
24.87%
|
23.31%
|
22.7%
|
24.17%
|
25.18%
|
EPS
2 |
321.6
|
303.3
|
335.8
|
446.4
|
469.8
|
490.7
|
567.8
|
642.9
|
Free Cash Flow
1 |
117,384
|
109,218
|
111,719
|
160,757
|
154,333
|
168,782
|
191,942
|
210,610
|
FCF margin
|
20.75%
|
18.94%
|
20.39%
|
24.3%
|
21.33%
|
22.2%
|
23.52%
|
24.02%
|
FCF Conversion (EBITDA)
|
68.46%
|
57.83%
|
55.76%
|
66.06%
|
59.27%
|
63.95%
|
65.58%
|
64.97%
|
FCF Conversion (Net income)
|
96.14%
|
95.47%
|
89.06%
|
97.72%
|
91.52%
|
97.79%
|
97.32%
|
95.4%
|
Dividend per Share
2 |
90.00
|
90.00
|
90.00
|
110.0
|
110.0
|
115.4
|
125.8
|
130.8
|
Announcement Date
|
5/7/19
|
5/8/20
|
4/30/21
|
5/6/22
|
5/8/23
|
-
|
-
|
-
|
Fiscal Period: März |
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 Q1
|
2025 Q2
|
2025 S1
|
2025 Q3
|
2025 Q4
|
2025 S2
|
---|
Net sales
1 |
294,948
|
281,598
|
249,640
|
298,281
|
162,601
|
320,601
|
171,271
|
169,594
|
340,865
|
180,179
|
184,112
|
364,291
|
173,525
|
185,766
|
359,291
|
182,288
|
188,701
|
370,989
|
194,798
|
194,482
|
380,911
|
193,592
|
199,451
|
397,000
|
205,287
|
213,184
|
415,000
|
EBITDA
1 |
-
|
-
|
-
|
-
|
59,800
|
-
|
64,231
|
59,573
|
-
|
66,157
|
66,138
|
-
|
61,890
|
66,190
|
-
|
-
|
98,592
|
-
|
104,514
|
75,380
|
-
|
74,025
|
77,025
|
-
|
79,225
|
-
|
-
|
EBIT
1 |
83,649
|
-
|
74,580
|
89,455
|
49,200
|
98,640
|
53,537
|
48,145
|
101,692
|
54,200
|
53,852
|
108,047
|
49,296
|
53,413
|
102,709
|
83,537
|
86,863
|
170,400
|
93,104
|
54,279
|
119,798
|
54,674
|
59,623
|
113,200
|
62,154
|
67,036
|
140,800
|
Operating Margin
|
28.36%
|
-
|
29.88%
|
29.99%
|
30.26%
|
30.77%
|
31.26%
|
28.39%
|
29.83%
|
30.08%
|
29.25%
|
29.66%
|
28.41%
|
28.75%
|
28.59%
|
45.83%
|
46.03%
|
45.93%
|
47.8%
|
27.91%
|
31.45%
|
28.24%
|
29.89%
|
28.51%
|
30.28%
|
31.45%
|
33.93%
|
Earnings before Tax (EBT)
1 |
81,266
|
66,002
|
72,135
|
87,083
|
53,989
|
105,007
|
51,922
|
53,777
|
105,699
|
61,518
|
61,820
|
123,338
|
38,497
|
53,997
|
92,494
|
51,166
|
63,616
|
114,782
|
49,689
|
58,036
|
107,518
|
55,487
|
61,339
|
127,200
|
58,261
|
74,046
|
130,800
|
Net income
1 |
64,911
|
49,495
|
57,730
|
67,716
|
42,966
|
84,224
|
40,861
|
39,422
|
80,283
|
48,358
|
47,101
|
95,459
|
30,626
|
42,553
|
73,179
|
38,215
|
47,418
|
85,633
|
38,653
|
48,435
|
88,080
|
44,370
|
48,603
|
99,799
|
47,250
|
56,113
|
102,215
|
Net margin
|
22.01%
|
17.58%
|
23.13%
|
22.7%
|
26.42%
|
26.27%
|
23.86%
|
23.24%
|
23.55%
|
26.84%
|
25.58%
|
26.2%
|
17.65%
|
22.91%
|
20.37%
|
20.96%
|
25.13%
|
23.08%
|
19.84%
|
24.9%
|
23.12%
|
22.92%
|
24.37%
|
25.14%
|
23.02%
|
26.32%
|
24.63%
|
EPS
2 |
171.6
|
131.6
|
154.0
|
181.7
|
116.5
|
228.3
|
110.8
|
107.4
|
218.2
|
132.8
|
131.0
|
263.8
|
86.34
|
119.6
|
206.0
|
108.1
|
134.4
|
242.5
|
110.3
|
140.1
|
247.2
|
126.9
|
150.3
|
284.7
|
135.0
|
164.9
|
291.6
|
Dividend per Share
2 |
45.00
|
45.00
|
45.00
|
45.00
|
45.00
|
45.00
|
-
|
65.00
|
65.00
|
-
|
45.00
|
45.00
|
-
|
65.00
|
65.00
|
-
|
45.00
|
45.00
|
-
|
75.00
|
75.00
|
-
|
50.00
|
50.00
|
-
|
80.00
|
80.00
|
Announcement Date
|
10/29/19
|
5/8/20
|
10/27/20
|
4/30/21
|
10/28/21
|
10/28/21
|
2/1/22
|
5/6/22
|
5/6/22
|
8/4/22
|
10/27/22
|
10/27/22
|
1/31/23
|
5/8/23
|
5/8/23
|
7/31/23
|
10/31/23
|
10/31/23
|
2/1/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: März |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
290,559
|
296,016
|
314,148
|
397,804
|
381,306
|
448,561
|
477,608
|
533,106
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
117,384
|
109,218
|
111,719
|
160,757
|
154,333
|
168,782
|
191,942
|
210,610
|
ROE (net income / shareholders' equity)
|
21.2%
|
18%
|
18.8%
|
22.1%
|
20.8%
|
20.5%
|
22.1%
|
24.1%
|
ROA (Net income/ Total Assets)
|
20.5%
|
18.7%
|
19.1%
|
22.8%
|
21.4%
|
19%
|
20.5%
|
22.5%
|
Assets
1 |
597,005
|
611,744
|
655,641
|
720,675
|
789,608
|
908,961
|
961,010
|
979,146
|
Book Value Per Share
2 |
1,640
|
1,720
|
1,863
|
2,202
|
2,312
|
2,459
|
2,622
|
2,836
|
Cash Flow per Share
2 |
391.0
|
394.0
|
433.0
|
563.0
|
608.0
|
618.0
|
677.0
|
758.0
|
Capex
1 |
29,204
|
54,148
|
40,093
|
34,435
|
43,468
|
45,457
|
44,271
|
47,950
|
Capex / Sales
|
5.16%
|
9.39%
|
7.32%
|
5.21%
|
6.01%
|
5.98%
|
5.43%
|
5.47%
|
Announcement Date
|
5/7/19
|
5/8/20
|
4/30/21
|
5/6/22
|
5/8/23
|
-
|
-
|
-
|
Last Close Price
18,225
JPY Average target price
20,882
JPY Spread / Average Target +14.58% Consensus |