Market Closed -
Japan Exchange
02:00:00 2024-05-02 am EDT
|
5-day change
|
1st Jan Change
|
4,577
JPY
|
-1.32%
|
|
+7.34%
|
+24.11%
|
Fiscal Period: März |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,426,055
|
1,679,604
|
3,231,281
|
2,781,994
|
3,098,679
|
4,331,670
|
-
|
-
|
Enterprise Value (EV)
1 |
3,205,945
|
2,442,309
|
3,898,137
|
3,412,704
|
3,925,257
|
4,184,038
|
4,951,510
|
4,784,527
|
P/E ratio
|
9.46
x
|
10.9
x
|
30.4
x
|
12.4
x
|
9.49
x
|
10.6
x
|
11
x
|
10.6
x
|
Yield
|
4.28%
|
5.29%
|
1.61%
|
3.26%
|
4.24%
|
3.62%
|
3.81%
|
4.04%
|
Capitalization / Revenue
|
0.89
x
|
0.69
x
|
1.48
x
|
0.99
x
|
0.87
x
|
1.08
x
|
1.11
x
|
1.09
x
|
EV / Revenue
|
1.18
x
|
1
x
|
1.78
x
|
1.22
x
|
1.11
x
|
1.08
x
|
1.27
x
|
1.2
x
|
EV / EBITDA
|
6.06
x
|
6.39
x
|
13
x
|
7.53
x
|
6.13
x
|
6.7
x
|
6.58
x
|
6.1
x
|
EV / FCF
|
209
x
|
19
x
|
20.4
x
|
21.7
x
|
106
x
|
16.4
x
|
12.2
x
|
12.7
x
|
FCF Yield
|
0.48%
|
5.27%
|
4.9%
|
4.61%
|
0.94%
|
6.09%
|
8.18%
|
7.87%
|
Price to Book
|
1.34
x
|
0.95
x
|
1.69
x
|
1.25
x
|
1.22
x
|
1.38
x
|
1.34
x
|
1.28
x
|
Nbr of stocks (in thousands)
|
943,807
|
944,393
|
945,095
|
945,292
|
945,584
|
946,399
|
-
|
-
|
Reference price
2 |
2,570
|
1,778
|
3,419
|
2,943
|
3,277
|
4,577
|
4,577
|
4,577
|
Announcement Date
|
4/26/19
|
5/18/20
|
4/30/21
|
4/28/22
|
4/28/23
|
4/26/24
|
-
|
-
|
Fiscal Period: März |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
2,725,243
|
2,444,870
|
2,189,512
|
2,802,323
|
3,543,475
|
3,865,122
|
3,891,776
|
3,975,466
|
EBITDA
1 |
529,270
|
382,303
|
300,454
|
453,361
|
640,373
|
750,740
|
752,757
|
783,998
|
EBIT
1 |
397,806
|
250,707
|
167,328
|
317,015
|
490,685
|
607,194
|
598,827
|
620,907
|
Operating Margin
|
14.6%
|
10.25%
|
7.64%
|
11.31%
|
13.85%
|
15.71%
|
15.39%
|
15.62%
|
Earnings before Tax (EBT)
1 |
377,471
|
223,114
|
162,775
|
324,568
|
476,434
|
575,663
|
561,584
|
591,119
|
Net income
1 |
256,491
|
153,844
|
106,237
|
224,927
|
326,398
|
393,426
|
388,843
|
406,701
|
Net margin
|
9.41%
|
6.29%
|
4.85%
|
8.03%
|
9.21%
|
10.18%
|
9.99%
|
10.23%
|
EPS
2 |
271.8
|
162.9
|
112.4
|
238.0
|
345.2
|
416.0
|
415.6
|
433.3
|
Free Cash Flow
1 |
15,344
|
128,629
|
190,955
|
157,401
|
36,956
|
254,779
|
404,838
|
376,704
|
FCF margin
|
0.56%
|
5.26%
|
8.72%
|
5.62%
|
1.04%
|
6.59%
|
10.4%
|
9.48%
|
FCF Conversion (EBITDA)
|
2.9%
|
33.65%
|
63.56%
|
34.72%
|
5.77%
|
31.49%
|
53.78%
|
48.05%
|
FCF Conversion (Net income)
|
5.98%
|
83.61%
|
179.74%
|
69.98%
|
11.32%
|
64.76%
|
104.11%
|
92.62%
|
Dividend per Share
2 |
110.0
|
94.00
|
55.00
|
96.00
|
139.0
|
165.9
|
174.6
|
185.0
|
Announcement Date
|
4/26/19
|
5/18/20
|
4/30/21
|
4/28/22
|
4/28/23
|
4/26/24
|
-
|
-
|
Fiscal Period: March |
2020 S1
|
2021 S1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
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 Q3
|
2025 Q4
|
---|
Net sales
1 |
1,213,485
|
957,717
|
643,134
|
1,291,400
|
723,277
|
787,646
|
763,808
|
854,927
|
1,618,735
|
920,497
|
1,004,243
|
-
|
899,551
|
923,443
|
1,822,994
|
971,996
|
1,070,132
|
2,042,128
|
934,000
|
969,000
|
1,047,000
|
1,147,000
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
182,196
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
141,982
|
60,342
|
74,534
|
136,284
|
87,479
|
93,252
|
93,562
|
118,072
|
211,634
|
134,965
|
144,086
|
-
|
147,021
|
149,955
|
296,976
|
156,445
|
153,773
|
310,218
|
146,000
|
153,000
|
168,000
|
170,000
|
Operating Margin
|
11.7%
|
6.3%
|
11.59%
|
10.55%
|
12.09%
|
11.84%
|
12.25%
|
13.81%
|
13.07%
|
14.66%
|
14.35%
|
-
|
16.34%
|
16.24%
|
16.29%
|
16.1%
|
14.37%
|
15.19%
|
15.63%
|
15.79%
|
16.05%
|
14.82%
|
Earnings before Tax (EBT)
1 |
128,212
|
58,530
|
75,055
|
136,509
|
87,806
|
100,253
|
112,475
|
115,284
|
227,759
|
112,048
|
136,627
|
-
|
148,168
|
139,852
|
288,020
|
142,251
|
145,392
|
-
|
137,000
|
145,000
|
160,000
|
163,000
|
Net income
1 |
90,062
|
37,294
|
52,249
|
93,141
|
62,361
|
69,425
|
80,454
|
82,114
|
162,568
|
69,343
|
94,487
|
-
|
105,427
|
100,121
|
205,548
|
98,719
|
89,159
|
-
|
95,000
|
101,000
|
111,000
|
113,000
|
Net margin
|
7.42%
|
3.89%
|
8.12%
|
7.21%
|
8.62%
|
8.81%
|
10.53%
|
9.6%
|
10.04%
|
7.53%
|
9.41%
|
-
|
11.72%
|
10.84%
|
11.28%
|
10.16%
|
8.33%
|
-
|
10.17%
|
10.42%
|
10.6%
|
9.85%
|
EPS
2 |
95.40
|
39.48
|
55.29
|
98.56
|
65.97
|
73.44
|
85.11
|
86.85
|
172.0
|
73.34
|
99.92
|
-
|
111.5
|
105.9
|
217.4
|
104.4
|
94.24
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
55.00
|
18.00
|
40.00
|
40.00
|
-
|
56.00
|
-
|
64.00
|
64.00
|
-
|
75.00
|
75.00
|
-
|
72.00
|
72.00
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
10/30/19
|
10/28/20
|
10/28/21
|
10/28/21
|
1/31/22
|
4/28/22
|
7/29/22
|
10/31/22
|
10/31/22
|
1/31/23
|
4/28/23
|
4/28/23
|
7/28/23
|
10/27/23
|
10/27/23
|
1/30/24
|
4/26/24
|
4/26/24
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
779,890
|
762,705
|
666,856
|
630,710
|
826,578
|
694,638
|
619,841
|
452,857
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.474
x
|
1.995
x
|
2.219
x
|
1.391
x
|
1.291
x
|
0.9253
x
|
0.8234
x
|
0.5776
x
|
Free Cash Flow
1 |
15,344
|
128,629
|
190,955
|
157,401
|
36,956
|
254,779
|
404,838
|
376,704
|
ROE (net income / shareholders' equity)
|
14.7%
|
8.6%
|
5.8%
|
10.9%
|
13.7%
|
14.1%
|
12.9%
|
12.8%
|
ROA (Net income/ Total Assets)
|
10.8%
|
6.12%
|
4.38%
|
7.98%
|
10.3%
|
11%
|
7.19%
|
7.61%
|
Assets
1 |
2,381,899
|
2,513,996
|
2,427,420
|
2,817,882
|
3,159,398
|
3,592,285
|
5,409,426
|
5,347,577
|
Book Value Per Share
2 |
1,923
|
1,875
|
2,023
|
2,362
|
2,686
|
3,207
|
3,425
|
3,575
|
Cash Flow per Share
2 |
411.0
|
302.0
|
254.0
|
383.0
|
504.0
|
582.0
|
665.0
|
636.0
|
Capex
1 |
179,210
|
166,552
|
163,174
|
147,762
|
161,563
|
179,999
|
195,000
|
183,667
|
Capex / Sales
|
6.58%
|
6.81%
|
7.45%
|
5.27%
|
4.56%
|
4.66%
|
5.01%
|
4.62%
|
Announcement Date
|
4/26/19
|
5/18/20
|
4/30/21
|
4/28/22
|
4/28/23
|
4/26/24
|
-
|
-
|
Last Close Price
4,577
JPY Average target price
4,945
JPY Spread / Average Target +8.05% Consensus |
1st Jan change
|
Capi.
|
---|
| +24.11% | 28.33B | | +7.31% | 54.93B | | +20.37% | 35.45B | | +30.78% | 30.54B | | +14.48% | 24.1B | | +1.58% | 22.23B | | +18.12% | 19.27B | | -5.75% | 14.3B | | +17.26% | 11.97B | | +17.18% | 9.58B |
Other Heavy Machinery & Vehicles
|