Delayed
Japan Exchange
07:00:00 26/04/2024 BST
|
5-day change
|
1st Jan Change
|
5,802
JPY
|
+2.87%
|
|
+2.24%
|
+12.62%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
215,434
|
167,433
|
272,543
|
333,808
|
252,660
|
345,428
|
-
|
-
|
Enterprise Value (EV)
1 |
330,556
|
269,789
|
408,217
|
428,585
|
338,609
|
381,697
|
384,665
|
390,274
|
P/E ratio
|
14.4
x
|
9.63
x
|
12.5
x
|
6.54
x
|
10.1
x
|
12.8
x
|
12.4
x
|
11.6
x
|
Yield
|
2.47%
|
3.18%
|
2.06%
|
2.32%
|
3.06%
|
2.2%
|
2.27%
|
2.3%
|
Capitalization / Revenue
|
0.48
x
|
0.35
x
|
0.46
x
|
0.4
x
|
0.32
x
|
0.47
x
|
0.47
x
|
0.45
x
|
EV / Revenue
|
0.73
x
|
0.56
x
|
0.69
x
|
0.52
x
|
0.43
x
|
0.52
x
|
0.52
x
|
0.51
x
|
EV / EBITDA
|
8.74
x
|
5.9
x
|
7.04
x
|
4.93
x
|
4.94
x
|
7.2
x
|
6.75
x
|
6.35
x
|
EV / FCF
|
24.5
x
|
15.5
x
|
-10.1
x
|
8.82
x
|
16.6
x
|
5.07
x
|
41.6
x
|
43.4
x
|
FCF Yield
|
4.07%
|
6.45%
|
-9.9%
|
11.3%
|
6.02%
|
19.7%
|
2.4%
|
2.31%
|
Price to Book
|
0.91
x
|
0.68
x
|
1.03
x
|
1.06
x
|
0.73
x
|
0.94
x
|
0.9
x
|
0.85
x
|
Nbr of stocks (in thousands)
|
59,185
|
59,185
|
59,184
|
59,502
|
59,520
|
59,536
|
-
|
-
|
Reference price
2 |
3,640
|
2,829
|
4,605
|
5,610
|
4,245
|
5,802
|
5,802
|
5,802
|
Announcement Date
|
13/05/19
|
26/05/20
|
14/05/21
|
13/05/22
|
12/05/23
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
452,928
|
485,130
|
588,003
|
831,794
|
780,060
|
729,400
|
737,259
|
767,334
|
EBITDA
1 |
37,808
|
45,728
|
57,979
|
86,909
|
68,565
|
53,025
|
57,003
|
61,455
|
EBIT
1 |
18,671
|
25,955
|
37,454
|
63,824
|
44,610
|
27,909
|
30,607
|
33,721
|
Operating Margin
|
4.12%
|
5.35%
|
6.37%
|
7.67%
|
5.72%
|
3.83%
|
4.15%
|
4.39%
|
Earnings before Tax (EBT)
1 |
23,499
|
28,762
|
38,860
|
77,090
|
45,930
|
44,933
|
40,781
|
43,112
|
Net income
1 |
14,986
|
17,395
|
21,824
|
51,012
|
25,041
|
26,667
|
27,778
|
29,825
|
Net margin
|
3.31%
|
3.59%
|
3.71%
|
6.13%
|
3.21%
|
3.66%
|
3.77%
|
3.89%
|
EPS
2 |
253.2
|
293.9
|
368.4
|
857.3
|
420.8
|
452.0
|
466.7
|
501.0
|
Free Cash Flow
1 |
13,468
|
17,390
|
-40,426
|
48,572
|
20,382
|
75,350
|
9,250
|
9,000
|
FCF margin
|
2.97%
|
3.58%
|
-6.88%
|
5.84%
|
2.61%
|
10.33%
|
1.25%
|
1.17%
|
FCF Conversion (EBITDA)
|
35.62%
|
38.03%
|
-
|
55.89%
|
29.73%
|
142.1%
|
16.23%
|
14.64%
|
FCF Conversion (Net income)
|
89.87%
|
99.97%
|
-
|
95.22%
|
81.39%
|
282.56%
|
33.3%
|
30.18%
|
Dividend per Share
2 |
90.00
|
90.00
|
95.00
|
130.0
|
130.0
|
127.9
|
131.4
|
133.6
|
Announcement Date
|
13/05/19
|
26/05/20
|
14/05/21
|
13/05/22
|
12/05/23
|
-
|
-
|
-
|
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 S1
|
2025 Q3
|
2025 Q4
|
---|
Net sales
1 |
230,782
|
254,348
|
252,479
|
335,524
|
215,343
|
423,263
|
188,669
|
219,862
|
408,531
|
209,933
|
191,893
|
401,826
|
191,107
|
187,127
|
378,234
|
190,961
|
179,798
|
370,759
|
180,916
|
172,313
|
354,200
|
196,856
|
180,678
|
-
|
182,542
|
175,925
|
EBITDA
1 |
-
|
-
|
-
|
-
|
-
|
-
|
20,148
|
17,910
|
-
|
-
|
16,661
|
-
|
13,008
|
14,526
|
-
|
13,105
|
13,131
|
-
|
-
|
10,336
|
-
|
16,749
|
14,808
|
-
|
15,300
|
14,255
|
EBIT
1 |
11,078
|
14,877
|
12,619
|
24,835
|
18,291
|
37,969
|
14,302
|
11,553
|
25,855
|
19,320
|
10,724
|
30,044
|
6,672
|
7,894
|
14,566
|
7,346
|
6,917
|
14,263
|
8,390
|
5,062
|
12,700
|
8,223
|
6,252
|
-
|
7,337
|
6,637
|
Operating Margin
|
4.8%
|
5.85%
|
5%
|
7.4%
|
8.49%
|
8.97%
|
7.58%
|
5.25%
|
6.33%
|
9.2%
|
5.59%
|
7.48%
|
3.49%
|
4.22%
|
3.85%
|
3.85%
|
3.85%
|
3.85%
|
4.64%
|
2.94%
|
3.59%
|
4.18%
|
3.46%
|
-
|
4.02%
|
3.77%
|
Earnings before Tax (EBT)
|
12,444
|
-
|
8,777
|
-
|
20,219
|
48,319
|
18,137
|
10,634
|
-
|
23,073
|
13,372
|
36,445
|
8,197
|
1,288
|
-
|
12,488
|
8,891
|
21,379
|
15,934
|
-
|
-
|
13,317
|
9,908
|
-
|
12,010
|
7,765
|
Net income
1 |
7,924
|
-
|
1,616
|
-
|
12,651
|
32,597
|
11,506
|
6,909
|
-
|
13,063
|
9,673
|
22,736
|
4,535
|
-2,230
|
-
|
7,853
|
5,332
|
13,185
|
10,835
|
2,800
|
-
|
7,945
|
5,871
|
-
|
7,533
|
5,196
|
Net margin
|
3.43%
|
-
|
0.64%
|
-
|
5.87%
|
7.7%
|
6.1%
|
3.14%
|
-
|
6.22%
|
5.04%
|
5.66%
|
2.37%
|
-1.19%
|
-
|
4.11%
|
2.97%
|
3.56%
|
5.99%
|
1.62%
|
-
|
4.04%
|
3.25%
|
-
|
4.13%
|
2.95%
|
EPS
|
133.9
|
-
|
27.31
|
-
|
-
|
547.8
|
193.4
|
116.1
|
-
|
219.6
|
162.5
|
382.1
|
76.19
|
-37.49
|
-
|
132.0
|
89.57
|
221.5
|
182.0
|
-
|
-
|
140.9
|
104.8
|
-
|
127.1
|
82.16
|
Dividend per Share
2 |
-
|
-
|
-
|
95.00
|
-
|
-
|
-
|
130.0
|
-
|
-
|
-
|
-
|
-
|
130.0
|
130.0
|
-
|
-
|
-
|
-
|
130.0
|
130.0
|
-
|
-
|
130.0
|
-
|
135.0
|
Announcement Date
|
12/11/19
|
26/05/20
|
10/11/20
|
14/05/21
|
12/11/21
|
12/11/21
|
14/02/22
|
13/05/22
|
13/05/22
|
10/08/22
|
11/11/22
|
11/11/22
|
10/02/23
|
12/05/23
|
12/05/23
|
09/08/23
|
10/11/23
|
10/11/23
|
09/02/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
115,122
|
102,356
|
135,674
|
94,777
|
85,949
|
36,269
|
39,237
|
44,846
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
3.045
x
|
2.238
x
|
2.34
x
|
1.091
x
|
1.254
x
|
0.684
x
|
0.6883
x
|
0.7297
x
|
Free Cash Flow
1 |
13,468
|
17,390
|
-40,426
|
48,572
|
20,382
|
75,350
|
9,250
|
9,000
|
ROE (net income / shareholders' equity)
|
6.3%
|
7.2%
|
8.5%
|
17.6%
|
7.6%
|
7.86%
|
7.46%
|
7.6%
|
ROA (Net income/ Total Assets)
|
5.1%
|
5.76%
|
6.7%
|
12.1%
|
8.46%
|
5.2%
|
4.7%
|
4.7%
|
Assets
1 |
293,606
|
302,108
|
325,884
|
421,033
|
296,102
|
512,818
|
591,031
|
634,584
|
Book Value Per Share
2 |
4,008
|
4,191
|
4,465
|
5,268
|
5,795
|
6,186
|
6,480
|
6,803
|
Cash Flow per Share
2 |
568.0
|
620.0
|
707.0
|
1,237
|
823.0
|
907.0
|
941.0
|
1,016
|
Capex
1 |
24,087
|
37,723
|
37,338
|
32,546
|
34,153
|
43,189
|
41,775
|
42,584
|
Capex / Sales
|
5.32%
|
7.78%
|
6.35%
|
3.91%
|
4.38%
|
5.92%
|
5.67%
|
5.55%
|
Announcement Date
|
13/05/19
|
26/05/20
|
14/05/21
|
13/05/22
|
12/05/23
|
-
|
-
|
-
|
Mean consensus UNDERPERFORM Last Close Price
5,802
JPY Average target price
4,900
JPY Spread / Average Target -15.55% Consensus |
1st Jan change
|
Capi.
|
---|
| +12.62% | 2.19B | | +35.87% | 90.41B | | +18.63% | 72.53B | | -.--% | 27.75B | | +43.66% | 10.49B | | +24.16% | 9.2B | | +12.94% | 8.86B | | -8.73% | 6.9B | | +44.50% | 6.78B | | +23.28% | 5.19B |
Other Specialty Mining & Metals
|