Market Closed -
Japan Exchange
07:00:00 01/07/2024 BST
|
5-day change
|
1st Jan Change
|
2,501
JPY
|
-0.95%
|
|
+0.85%
|
-0.75%
|
Fiscal Period: March |
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
2027
|
---|
Capitalization
1 |
44,948
|
81,978
|
67,195
|
56,567
|
53,694
|
51,709
|
-
|
-
|
Enterprise Value (EV)
1 |
34,405
|
68,380
|
50,168
|
38,514
|
33,860
|
51,709
|
51,709
|
51,709
|
P/E ratio
|
14
x
|
23.2
x
|
15.9
x
|
14.9
x
|
14.1
x
|
13.5
x
|
12.8
x
|
12.3
x
|
Yield
|
2.07%
|
1.26%
|
1.85%
|
2.19%
|
2.5%
|
2.8%
|
3%
|
3.2%
|
Capitalization / Revenue
|
3.61
x
|
6.38
x
|
4.69
x
|
4.15
x
|
3.88
x
|
3.62
x
|
3.47
x
|
3.38
x
|
EV / Revenue
|
3.61
x
|
6.38
x
|
4.69
x
|
4.15
x
|
3.88
x
|
3.62
x
|
3.47
x
|
3.38
x
|
EV / EBITDA
|
9.39
x
|
15.2
x
|
-
|
9.65
x
|
9.26
x
|
8.83
x
|
8.61
x
|
8.31
x
|
EV / FCF
|
15.7
x
|
20.6
x
|
14.7
x
|
25
x
|
17.8
x
|
14
x
|
13.2
x
|
12.5
x
|
FCF Yield
|
6.39%
|
4.86%
|
6.82%
|
4.01%
|
5.63%
|
7.15%
|
7.59%
|
7.99%
|
Price to Book
|
3.5
x
|
5.22
x
|
3.54
x
|
2.61
x
|
2.2
x
|
1.93
x
|
1.77
x
|
1.63
x
|
Nbr of stocks (in thousands)
|
20,675
|
20,675
|
20,675
|
20,675
|
20,675
|
20,675
|
-
|
-
|
Reference price
2 |
2,174
|
3,965
|
3,250
|
2,736
|
2,597
|
2,501
|
2,501
|
2,501
|
Announcement Date
|
22/05/20
|
14/05/21
|
13/05/22
|
12/05/23
|
10/05/24
|
-
|
-
|
-
|
Fiscal Period: March |
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
2027
|
---|
Net sales
1 |
12,454
|
12,843
|
14,331
|
13,630
|
13,821
|
14,295
|
14,895
|
15,320
|
EBITDA
1 |
4,788
|
5,405
|
-
|
5,864
|
5,797
|
5,855
|
6,005
|
6,225
|
EBIT
1 |
4,534
|
5,190
|
6,314
|
5,583
|
5,585
|
5,618
|
5,948
|
6,212
|
Operating Margin
|
36.41%
|
40.41%
|
44.06%
|
40.96%
|
40.41%
|
39.3%
|
39.93%
|
40.55%
|
Earnings before Tax (EBT)
1 |
4,585
|
5,236
|
6,358
|
5,643
|
5,676
|
5,688
|
6,018
|
6,282
|
Net income
1 |
3,208
|
3,528
|
4,222
|
3,809
|
3,817
|
3,835
|
4,038
|
4,212
|
Net margin
|
25.76%
|
27.47%
|
29.46%
|
27.95%
|
27.62%
|
26.83%
|
27.11%
|
27.5%
|
EPS
2 |
155.2
|
170.7
|
204.2
|
184.2
|
184.6
|
185.5
|
195.3
|
203.8
|
Free Cash Flow
1 |
2,871
|
3,985
|
4,584
|
2,267
|
3,021
|
3,698
|
3,925
|
4,129
|
FCF margin
|
23.05%
|
31.03%
|
31.99%
|
16.63%
|
21.86%
|
25.87%
|
26.35%
|
26.95%
|
FCF Conversion (EBITDA)
|
59.96%
|
73.73%
|
-
|
38.66%
|
52.11%
|
63.17%
|
65.36%
|
66.33%
|
FCF Conversion (Net income)
|
89.5%
|
112.95%
|
108.57%
|
59.52%
|
79.15%
|
96.44%
|
97.21%
|
98.02%
|
Dividend per Share
2 |
45.00
|
50.00
|
60.00
|
60.00
|
65.00
|
70.00
|
75.00
|
80.00
|
Announcement Date
|
22/05/20
|
14/05/21
|
13/05/22
|
12/05/23
|
10/05/24
|
-
|
-
|
-
|
Fiscal Period: March |
2020 S2
|
2021 S1
|
2021 S2
|
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 |
5,616
|
6,179
|
6,664
|
6,716
|
3,954
|
3,661
|
7,615
|
3,165
|
3,726
|
6,891
|
3,253
|
3,486
|
6,739
|
3,537
|
3,451
|
6,988
|
3,290
|
3,543
|
6,833
|
3,375
|
3,780
|
7,155
|
3,495
|
3,540
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
1,705
|
2,517
|
2,673
|
3,012
|
1,822
|
1,480
|
3,302
|
1,108
|
1,768
|
2,876
|
1,312
|
1,395
|
2,707
|
1,403
|
1,488
|
2,891
|
1,220
|
1,474
|
2,694
|
1,240
|
1,715
|
2,955
|
1,270
|
1,410
|
Operating Margin
|
30.36%
|
40.73%
|
40.11%
|
44.85%
|
46.08%
|
40.43%
|
43.36%
|
35.01%
|
47.45%
|
41.74%
|
40.33%
|
40.02%
|
40.17%
|
39.67%
|
43.12%
|
41.37%
|
37.08%
|
41.6%
|
39.43%
|
36.74%
|
45.37%
|
41.3%
|
36.34%
|
39.83%
|
Earnings before Tax (EBT)
|
1,729
|
2,545
|
2,691
|
3,032
|
1,832
|
1,494
|
3,326
|
1,126
|
1,786
|
2,912
|
1,323
|
1,408
|
2,731
|
1,429
|
1,511
|
2,940
|
1,240
|
1,496
|
2,736
|
-
|
-
|
-
|
-
|
-
|
Net income
|
1,264
|
1,696
|
1,832
|
2,017
|
1,210
|
995
|
2,205
|
759
|
1,201
|
1,960
|
908
|
941
|
1,849
|
968
|
1,006
|
1,974
|
839
|
1,004
|
1,843
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
22.51%
|
27.45%
|
27.49%
|
30.03%
|
30.6%
|
27.18%
|
28.96%
|
23.98%
|
32.23%
|
28.44%
|
27.91%
|
26.99%
|
27.44%
|
27.37%
|
29.15%
|
28.25%
|
25.5%
|
28.34%
|
26.97%
|
-
|
-
|
-
|
-
|
-
|
EPS
|
-
|
82.06
|
-
|
97.59
|
58.54
|
-
|
-
|
36.75
|
-
|
94.81
|
43.95
|
-
|
-
|
46.82
|
-
|
95.50
|
40.60
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
22/05/20
|
06/11/20
|
14/05/21
|
12/11/21
|
10/02/22
|
13/05/22
|
13/05/22
|
05/08/22
|
11/11/22
|
11/11/22
|
10/02/23
|
12/05/23
|
12/05/23
|
04/08/23
|
10/11/23
|
10/11/23
|
09/02/24
|
10/05/24
|
10/05/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
2027
|
---|
Net Debt
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
|
10,543
|
13,598
|
17,027
|
18,053
|
19,834
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
2,871
|
3,985
|
4,584
|
2,267
|
3,021
|
3,699
|
3,925
|
4,129
|
ROE (net income / shareholders' equity)
|
27.4%
|
24.7%
|
24.4%
|
18.7%
|
16.6%
|
14.7%
|
-
|
-
|
ROA (Net income/ Total Assets)
|
27.8%
|
27.2%
|
27.8%
|
22%
|
20.1%
|
-
|
-
|
-
|
Assets
1 |
11,546
|
12,968
|
15,191
|
17,326
|
19,000
|
-
|
-
|
-
|
Book Value Per Share
2 |
621.0
|
760.0
|
917.0
|
1,049
|
1,181
|
1,295
|
1,416
|
1,538
|
Cash Flow per Share
|
165.0
|
181.0
|
214.0
|
198.0
|
195.0
|
-
|
-
|
-
|
Capex
1 |
96
|
161
|
78
|
84
|
211
|
375
|
360
|
365
|
Capex / Sales
|
0.77%
|
1.25%
|
0.54%
|
0.62%
|
1.53%
|
2.62%
|
2.42%
|
2.38%
|
Announcement Date
|
22/05/20
|
14/05/21
|
13/05/22
|
12/05/23
|
10/05/24
|
-
|
-
|
-
|
Last Close Price
2,525
JPY Average target price
3,115
JPY Spread / Average Target +23.37% Consensus |
1st Jan change
|
Capi.
|
---|
| -0.75% | 325M | | -7.04% | 246B | | +3.34% | 60.34B | | -18.78% | 59.31B | | +0.45% | 53.33B | | +7.83% | 43.38B | | +0.82% | 37.02B | | -11.58% | 28.07B | | +112.79% | 27.38B | | +3.54% | 21.75B |
Application Software
|