Market Closed -
Japan Exchange
07:00:00 28/06/2024 BST
|
5-day change
|
1st Jan Change
|
5,487
JPY
|
-0.35%
|
|
+2.01%
|
-11.66%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
379,744
|
339,128
|
489,039
|
520,634
|
614,701
|
511,038
|
-
|
-
|
Enterprise Value (EV)
1 |
507,936
|
510,234
|
633,212
|
678,572
|
768,296
|
693,904
|
645,170
|
635,971
|
P/E ratio
|
11.5
x
|
67.7
x
|
-12.2
x
|
-20.6
x
|
-158
x
|
28.7
x
|
29.5
x
|
27
x
|
Yield
|
0.96%
|
0.77%
|
-
|
-
|
0.24%
|
1.13%
|
1.14%
|
1.24%
|
Capitalization / Revenue
|
1.39
x
|
1.36
x
|
9.3
x
|
9.12
x
|
5.44
x
|
2.54
x
|
1.99
x
|
1.81
x
|
EV / Revenue
|
1.86
x
|
2.04
x
|
12
x
|
11.9
x
|
6.8
x
|
3.19
x
|
2.52
x
|
2.25
x
|
EV / EBITDA
|
10.8
x
|
13.5
x
|
-25.7
x
|
-71.7
x
|
41.7
x
|
12
x
|
10.9
x
|
9.7
x
|
EV / FCF
|
19.7
x
|
-10.1
x
|
-21.4
x
|
-47.7
x
|
135
x
|
43.4
x
|
39.4
x
|
31.1
x
|
FCF Yield
|
5.08%
|
-9.91%
|
-4.68%
|
-2.1%
|
0.74%
|
2.3%
|
2.54%
|
3.21%
|
Price to Book
|
2.32
x
|
2.09
x
|
2.85
x
|
3.38
x
|
4.09
x
|
3.28
x
|
2.86
x
|
2.67
x
|
Nbr of stocks (in thousands)
|
81,229
|
81,228
|
89,897
|
93,137
|
93,136
|
93,136
|
-
|
-
|
Reference price
2 |
4,675
|
4,175
|
5,440
|
5,590
|
6,600
|
5,487
|
5,487
|
5,487
|
Announcement Date
|
10/05/19
|
04/06/20
|
07/05/21
|
12/05/22
|
11/05/23
|
10/05/24
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
273,618
|
249,756
|
52,572
|
57,057
|
113,050
|
217,578
|
256,419
|
282,124
|
EBITDA
1 |
47,218
|
37,793
|
-24,617
|
-9,461
|
18,443
|
57,759
|
59,260
|
65,536
|
EBIT
1 |
22,481
|
9,892
|
-59,020
|
-41,255
|
-10,579
|
29,527
|
30,346
|
35,269
|
Operating Margin
|
8.22%
|
3.96%
|
-112.27%
|
-72.3%
|
-9.36%
|
13.57%
|
11.83%
|
12.5%
|
Earnings before Tax (EBT)
1 |
43,027
|
8,609
|
-54,819
|
-43,558
|
-12,383
|
27,017
|
28,081
|
33,075
|
Net income
1 |
33,004
|
5,012
|
-36,578
|
-25,217
|
-3,901
|
19,255
|
17,302
|
18,930
|
Net margin
|
12.06%
|
2.01%
|
-69.58%
|
-44.2%
|
-3.45%
|
8.85%
|
6.75%
|
6.71%
|
EPS
2 |
406.3
|
61.71
|
-445.9
|
-270.8
|
-41.89
|
206.8
|
185.8
|
203.3
|
Free Cash Flow
1 |
25,799
|
-50,560
|
-29,655
|
-14,231
|
5,699
|
15,982
|
16,358
|
20,446
|
FCF margin
|
9.43%
|
-20.24%
|
-56.41%
|
-24.94%
|
5.04%
|
7.35%
|
6.38%
|
7.25%
|
FCF Conversion (EBITDA)
|
54.64%
|
-
|
-
|
-
|
30.9%
|
27.67%
|
27.6%
|
31.2%
|
FCF Conversion (Net income)
|
78.17%
|
-
|
-
|
-
|
-
|
83%
|
94.54%
|
108%
|
Dividend per Share
2 |
45.00
|
32.00
|
-
|
-
|
16.00
|
67.00
|
62.76
|
68.06
|
Announcement Date
|
10/05/19
|
04/06/20
|
07/05/21
|
12/05/22
|
11/05/23
|
10/05/24
|
-
|
-
|
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 |
135,270
|
114,486
|
22,293
|
30,279
|
13,904
|
25,896
|
16,694
|
14,467
|
31,161
|
19,371
|
24,242
|
43,613
|
32,414
|
37,023
|
69,437
|
45,996
|
54,152
|
100,148
|
58,871
|
58,559
|
117,430
|
56,750
|
62,900
|
63,100
|
63,500
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-1,137
|
-2,371
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
11,156
|
-1,264
|
-32,266
|
-26,754
|
-10,728
|
-21,896
|
-9,067
|
-10,363
|
-19,430
|
-6,201
|
-3,072
|
-9,273
|
-52
|
-1,254
|
-
|
5,520
|
7,988
|
13,508
|
9,827
|
6,192
|
16,019
|
7,200
|
9,000
|
9,700
|
4,050
|
Operating Margin
|
8.25%
|
-1.1%
|
-144.74%
|
-88.36%
|
-77.16%
|
-84.55%
|
-54.31%
|
-71.63%
|
-62.35%
|
-32.01%
|
-12.67%
|
-21.26%
|
-0.16%
|
-3.39%
|
-
|
12%
|
14.75%
|
13.49%
|
16.69%
|
10.57%
|
13.64%
|
12.69%
|
14.31%
|
15.37%
|
6.38%
|
Earnings before Tax (EBT)
|
10,866
|
-2,257
|
-31,527
|
-
|
-12,649
|
-24,326
|
-8,944
|
-10,288
|
-19,232
|
-6,415
|
-3,316
|
-9,731
|
-567
|
-2,085
|
-2,652
|
5,048
|
7,470
|
12,518
|
9,229
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
5,945
|
-933
|
-22,879
|
-13,699
|
-7,349
|
-14,478
|
-4,848
|
-5,891
|
-10,739
|
-2,651
|
-690
|
-3,341
|
754
|
-1,314
|
-560
|
3,534
|
4,700
|
8,234
|
5,891
|
5,130
|
11,021
|
-
|
-
|
-
|
-
|
Net margin
|
4.39%
|
-0.81%
|
-102.63%
|
-45.24%
|
-52.86%
|
-55.91%
|
-29.04%
|
-40.72%
|
-34.46%
|
-13.69%
|
-2.85%
|
-7.66%
|
2.33%
|
-3.55%
|
-0.81%
|
7.68%
|
8.68%
|
8.22%
|
10.01%
|
8.76%
|
9.39%
|
-
|
-
|
-
|
-
|
EPS
|
73.20
|
-
|
-281.7
|
-
|
-78.90
|
-155.4
|
-52.06
|
-
|
-
|
-28.47
|
-7.410
|
-35.88
|
8.090
|
-
|
-
|
37.95
|
-
|
88.41
|
63.25
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
22.00
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
25.00
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
08/11/19
|
04/06/20
|
05/11/20
|
07/05/21
|
05/11/21
|
05/11/21
|
02/02/22
|
12/05/22
|
12/05/22
|
03/08/22
|
09/11/22
|
09/11/22
|
08/02/23
|
11/05/23
|
11/05/23
|
09/08/23
|
08/11/23
|
08/11/23
|
07/02/24
|
10/05/24
|
10/05/24
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
128,192
|
171,106
|
144,173
|
157,938
|
153,595
|
141,606
|
134,133
|
124,934
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.715
x
|
4.527
x
|
-5.857
x
|
-16.69
x
|
8.328
x
|
2.452
x
|
2.263
x
|
1.906
x
|
Free Cash Flow
1 |
25,799
|
-50,560
|
-29,655
|
-14,231
|
5,699
|
15,982
|
16,359
|
20,446
|
ROE (net income / shareholders' equity)
|
22.2%
|
3.1%
|
-21.5%
|
-15.2%
|
-2.6%
|
12.1%
|
9.67%
|
10.3%
|
ROA (Net income/ Total Assets)
|
5.63%
|
1.73%
|
-11%
|
-8.92%
|
-2.65%
|
6%
|
4.57%
|
5.23%
|
Assets
1 |
586,386
|
289,612
|
332,008
|
282,599
|
147,263
|
320,873
|
378,968
|
362,022
|
Book Value Per Share
2 |
2,012
|
2,002
|
1,911
|
1,655
|
1,614
|
1,806
|
1,919
|
2,054
|
Cash Flow per Share
2 |
711.0
|
405.0
|
-26.50
|
70.60
|
270.0
|
510.0
|
551.0
|
568.0
|
Capex
1 |
58,123
|
70,782
|
9,282
|
5,289
|
12,083
|
31,779
|
33,082
|
37,500
|
Capex / Sales
|
21.24%
|
28.34%
|
17.66%
|
9.27%
|
10.69%
|
14.61%
|
12.9%
|
13.29%
|
Announcement Date
|
10/05/19
|
04/06/20
|
07/05/21
|
12/05/22
|
11/05/23
|
10/05/24
|
-
|
-
|
Last Close Price
5,487
JPY Average target price
7,000
JPY Spread / Average Target +27.57% Consensus |
1st Jan change
|
Capi.
|
---|
| -11.66% | 3.19B | | -3.35% | 22.6B | | -7.97% | 4.73B | | -0.20% | 4.56B | | -13.68% | 3.22B | | -3.07% | 3.07B | | 0.00% | 2.53B | | +8.44% | 2.16B | | -0.62% | 1.81B | | +12.66% | 1.51B |
Airport Operators
|