Market Closed -
Japan Exchange
07:00:00 16/05/2024 BST
|
5-day change
|
1st Jan Change
|
2,878
JPY
|
+2.79%
|
|
+1.52%
|
+59.71%
|
Fiscal Period: Marzo |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
15,633
|
13,223
|
25,662
|
20,020
|
39,092
|
76,956
|
-
|
-
|
Enterprise Value (EV)
1 |
27,227
|
22,821
|
31,771
|
27,510
|
45,909
|
79,704
|
72,278
|
67,521
|
P/E ratio
|
8.23
x
|
8.34
x
|
7.69
x
|
5.6
x
|
7.07
x
|
15
x
|
12.4
x
|
10.6
x
|
Yield
|
2.23%
|
3.12%
|
2.01%
|
2.58%
|
2.46%
|
1.21%
|
1.79%
|
2.14%
|
Capitalization / Revenue
|
0.32
x
|
0.27
x
|
0.53
x
|
0.39
x
|
0.66
x
|
1.29
x
|
1.19
x
|
1.14
x
|
EV / Revenue
|
0.56
x
|
0.46
x
|
0.66
x
|
0.53
x
|
0.78
x
|
1.29
x
|
1.12
x
|
1
x
|
EV / EBITDA
|
6.1
x
|
4.15
x
|
5.15
x
|
3.81
x
|
5.01
x
|
7.84
x
|
6.77
x
|
5.74
x
|
EV / FCF
|
48.5
x
|
8.81
x
|
11.2
x
|
-44.9
x
|
32.7
x
|
16.7
x
|
13.3
x
|
10.4
x
|
FCF Yield
|
2.06%
|
11.3%
|
8.9%
|
-2.23%
|
3.06%
|
6%
|
7.5%
|
9.64%
|
Price to Book
|
0.91
x
|
0.77
x
|
1.24
x
|
0.83
x
|
1.2
x
|
2.12
x
|
1.81
x
|
1.59
x
|
Nbr of stocks (in thousands)
|
20,488
|
20,628
|
20,628
|
20,682
|
27,452
|
27,484
|
-
|
-
|
Reference price
2 |
763.0
|
641.0
|
1,244
|
968.0
|
1,424
|
2,800
|
2,800
|
2,800
|
Announcement Date
|
10/05/19
|
20/05/20
|
11/05/21
|
12/05/22
|
12/05/23
|
14/05/24
|
-
|
-
|
Fiscal Period: Marzo |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
48,344
|
49,197
|
48,424
|
51,736
|
59,028
|
61,955
|
64,460
|
67,245
|
EBITDA
1 |
4,463
|
5,504
|
6,175
|
7,215
|
9,169
|
9,730
|
10,670
|
11,760
|
EBIT
1 |
2,751
|
3,700
|
4,404
|
5,496
|
7,475
|
7,955
|
9,130
|
10,175
|
Operating Margin
|
5.69%
|
7.52%
|
9.09%
|
10.62%
|
12.66%
|
12.84%
|
14.16%
|
15.13%
|
Earnings before Tax (EBT)
1 |
2,711
|
3,423
|
4,536
|
5,532
|
7,571
|
7,952
|
9,360
|
10,600
|
Net income
1 |
1,900
|
1,576
|
3,339
|
3,573
|
5,524
|
5,299
|
6,475
|
7,249
|
Net margin
|
3.93%
|
3.2%
|
6.9%
|
6.91%
|
9.36%
|
8.55%
|
10.04%
|
10.78%
|
EPS
2 |
92.74
|
76.88
|
161.9
|
172.9
|
201.3
|
192.9
|
226.6
|
263.9
|
Free Cash Flow
1 |
561
|
2,590
|
2,829
|
-613
|
1,404
|
4,782
|
5,420
|
6,510
|
FCF margin
|
1.16%
|
5.26%
|
5.84%
|
-1.18%
|
2.38%
|
7.72%
|
8.41%
|
9.68%
|
FCF Conversion (EBITDA)
|
12.57%
|
47.06%
|
45.81%
|
-
|
15.31%
|
88.35%
|
50.8%
|
55.36%
|
FCF Conversion (Net income)
|
29.53%
|
164.34%
|
84.73%
|
-
|
25.42%
|
90.24%
|
83.71%
|
89.81%
|
Dividend per Share
2 |
17.00
|
20.00
|
25.00
|
25.00
|
35.00
|
35.00
|
50.00
|
60.00
|
Announcement Date
|
10/05/19
|
20/05/20
|
11/05/21
|
12/05/22
|
12/05/23
|
14/05/24
|
-
|
-
|
Fiscal Period: March |
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 Q3
|
2025 Q4
|
---|
Net sales
1 |
22,826
|
26,371
|
22,019
|
26,405
|
12,591
|
23,876
|
13,449
|
14,411
|
27,860
|
11,981
|
15,181
|
27,162
|
15,055
|
16,811
|
31,866
|
13,387
|
15,948
|
29,335
|
15,120
|
17,500
|
32,620
|
13,525
|
16,360
|
16,160
|
18,000
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1,530
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
944
|
2,756
|
1,487
|
2,917
|
1,287
|
2,134
|
1,434
|
1,928
|
3,362
|
-219
|
2,045
|
1,826
|
2,903
|
2,746
|
5,649
|
1,099
|
2,064
|
3,163
|
2,016
|
2,776
|
4,792
|
1,255
|
2,240
|
2,290
|
3,220
|
Operating Margin
|
4.14%
|
10.45%
|
6.75%
|
11.05%
|
10.22%
|
8.94%
|
10.66%
|
13.38%
|
12.07%
|
-1.83%
|
13.47%
|
6.72%
|
19.28%
|
16.33%
|
17.73%
|
8.21%
|
12.94%
|
10.78%
|
13.33%
|
15.86%
|
14.69%
|
9.28%
|
13.69%
|
14.17%
|
17.89%
|
Earnings before Tax (EBT)
|
756
|
-
|
1,510
|
3,026
|
1,213
|
2,170
|
1,451
|
-
|
-
|
-6
|
2,233
|
2,227
|
2,641
|
2,703
|
5,344
|
1,322
|
-
|
3,404
|
1,878
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
182
|
1,394
|
1,146
|
2,193
|
793
|
1,363
|
797
|
1,413
|
2,210
|
-159
|
1,624
|
1,465
|
2,058
|
2,001
|
4,059
|
836
|
1,314
|
2,150
|
1,484
|
1,665
|
3,149
|
900
|
-
|
-
|
-
|
Net margin
|
0.8%
|
5.29%
|
5.2%
|
8.31%
|
6.3%
|
5.71%
|
5.93%
|
9.81%
|
7.93%
|
-1.33%
|
10.7%
|
5.39%
|
13.67%
|
11.9%
|
12.74%
|
6.24%
|
8.24%
|
7.33%
|
9.81%
|
9.51%
|
9.65%
|
6.65%
|
-
|
-
|
-
|
EPS
2 |
8.930
|
-
|
55.57
|
-
|
-
|
66.02
|
38.53
|
-
|
-
|
-5.830
|
-
|
53.43
|
75.00
|
72.90
|
147.9
|
30.47
|
47.83
|
78.30
|
54.00
|
60.61
|
114.6
|
32.80
|
-
|
-
|
-
|
Dividend per Share
|
10.00
|
-
|
10.00
|
-
|
-
|
10.00
|
-
|
-
|
-
|
-
|
-
|
15.00
|
-
|
-
|
-
|
-
|
-
|
15.00
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
07/11/19
|
20/05/20
|
06/11/20
|
11/05/21
|
09/11/21
|
09/11/21
|
08/02/22
|
12/05/22
|
12/05/22
|
04/08/22
|
08/11/22
|
08/11/22
|
07/02/23
|
12/05/23
|
12/05/23
|
04/08/23
|
07/11/23
|
07/11/23
|
07/02/24
|
14/05/24
|
14/05/24
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
11,594
|
9,598
|
6,109
|
7,490
|
6,817
|
-
|
-
|
-
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
671
|
4,678
|
9,435
|
Leverage (Debt/EBITDA)
|
2.598
x
|
1.744
x
|
0.9893
x
|
1.038
x
|
0.7435
x
|
-
|
-
|
-
|
Free Cash Flow
1 |
561
|
2,590
|
2,829
|
-613
|
1,404
|
4,782
|
5,420
|
6,510
|
ROE (net income / shareholders' equity)
|
11.5%
|
9.2%
|
17.6%
|
15.9%
|
19.5%
|
15.1%
|
16.9%
|
16.8%
|
ROA (Net income/ Total Assets)
|
5.47%
|
6.84%
|
8.83%
|
9.89%
|
11.9%
|
11.7%
|
-
|
-
|
Assets
1 |
34,724
|
23,025
|
37,831
|
36,137
|
46,494
|
45,467
|
-
|
-
|
Book Value Per Share
2 |
836.0
|
834.0
|
1,007
|
1,168
|
1,184
|
1,371
|
1,548
|
1,761
|
Cash Flow per Share
|
179.0
|
168.0
|
242.0
|
252.0
|
263.0
|
256.0
|
-
|
-
|
Capex
1 |
1,676
|
1,719
|
2,365
|
2,709
|
2,692
|
2,419
|
1,270
|
1,270
|
Capex / Sales
|
3.47%
|
3.49%
|
4.88%
|
5.24%
|
4.56%
|
3.9%
|
1.97%
|
1.89%
|
Announcement Date
|
10/05/19
|
20/05/20
|
11/05/21
|
12/05/22
|
12/05/23
|
14/05/24
|
-
|
-
|
Last Close Price
2,800
JPY Average target price
3,150
JPY Spread / Average Target +12.50% Consensus |
1st Jan change
|
Capi.
|
---|
| +59.71% | 497M | | +7.33% | 32.99B | | +13.66% | 8.15B | | +26.95% | 5.76B | | -7.95% | 3.97B | | +15.92% | 3.75B | | +13.07% | 3.7B | | +24.52% | 3.54B | | -8.31% | 2.76B | | +12.37% | 2.29B |
Testing & Measuring Equipment
|