Market Closed -
Japan Exchange
07:00:00 26/04/2024 BST
|
5-day change
|
1st Jan Change
|
3,085
JPY
|
+1.15%
|
|
+1.98%
|
+12.18%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
172,824
|
164,273
|
181,019
|
171,193
|
147,998
|
211,026
|
-
|
-
|
Enterprise Value (EV)
1 |
127,867
|
120,188
|
124,475
|
119,883
|
112,528
|
180,926
|
186,326
|
183,226
|
P/E ratio
|
13.4
x
|
17.1
x
|
15.9
x
|
10.5
x
|
12.9
x
|
32.1
x
|
17.6
x
|
13.6
x
|
Yield
|
3.26%
|
3.43%
|
3.12%
|
3.62%
|
4.06%
|
2.85%
|
2.85%
|
2.85%
|
Capitalization / Revenue
|
0.69
x
|
0.68
x
|
0.77
x
|
0.67
x
|
0.52
x
|
0.77
x
|
0.71
x
|
0.68
x
|
EV / Revenue
|
0.51
x
|
0.5
x
|
0.53
x
|
0.47
x
|
0.4
x
|
0.66
x
|
0.62
x
|
0.59
x
|
EV / EBITDA
|
4.79
x
|
4.26
x
|
4.22
x
|
3.46
x
|
3.92
x
|
7.78
x
|
6.05
x
|
5.22
x
|
EV / FCF
|
10.2
x
|
25.7
x
|
6.16
x
|
24
x
|
-18.1
x
|
55.9
x
|
-1,540
x
|
26.8
x
|
FCF Yield
|
9.82%
|
3.9%
|
16.2%
|
4.17%
|
-5.51%
|
1.79%
|
-0.06%
|
3.73%
|
Price to Book
|
0.91
x
|
0.86
x
|
0.92
x
|
0.81
x
|
0.65
x
|
0.91
x
|
0.89
x
|
0.85
x
|
Nbr of stocks (in thousands)
|
72,191
|
72,240
|
72,292
|
70,421
|
68,359
|
68,404
|
-
|
-
|
Reference price
2 |
2,394
|
2,274
|
2,504
|
2,431
|
2,165
|
3,085
|
3,085
|
3,085
|
Announcement Date
|
09/05/19
|
08/05/20
|
10/05/21
|
09/05/22
|
08/05/23
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
250,942
|
240,727
|
235,902
|
256,836
|
284,603
|
274,967
|
298,367
|
311,533
|
EBITDA
1 |
26,677
|
28,195
|
29,501
|
34,679
|
28,686
|
23,250
|
30,800
|
35,100
|
EBIT
1 |
17,977
|
15,440
|
17,030
|
21,584
|
13,796
|
10,000
|
16,633
|
21,500
|
Operating Margin
|
7.16%
|
6.41%
|
7.22%
|
8.4%
|
4.85%
|
3.64%
|
5.57%
|
6.9%
|
Earnings before Tax (EBT)
1 |
18,338
|
13,939
|
16,635
|
23,230
|
15,862
|
10,767
|
16,833
|
21,700
|
Net income
1 |
12,937
|
9,620
|
11,407
|
16,641
|
11,512
|
6,567
|
12,000
|
15,500
|
Net margin
|
5.16%
|
4%
|
4.84%
|
6.48%
|
4.04%
|
2.39%
|
4.02%
|
4.98%
|
EPS
2 |
179.2
|
133.2
|
157.8
|
232.1
|
167.8
|
96.00
|
175.4
|
226.6
|
Free Cash Flow
1 |
12,559
|
4,683
|
20,212
|
4,998
|
-6,202
|
3,237
|
-121
|
6,830
|
FCF margin
|
5%
|
1.95%
|
8.57%
|
1.95%
|
-2.18%
|
1.18%
|
-0.04%
|
2.19%
|
FCF Conversion (EBITDA)
|
47.08%
|
16.61%
|
68.51%
|
14.41%
|
-
|
13.92%
|
-
|
19.46%
|
FCF Conversion (Net income)
|
97.08%
|
48.68%
|
177.19%
|
30.03%
|
-
|
49.29%
|
-
|
44.06%
|
Dividend per Share
2 |
78.00
|
78.00
|
78.00
|
88.00
|
88.00
|
88.00
|
88.00
|
88.00
|
Announcement Date
|
09/05/19
|
08/05/20
|
10/05/21
|
09/05/22
|
08/05/23
|
-
|
-
|
-
|
Fiscal Period: March |
2020 S1
|
2021 S1
|
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 |
118,765
|
111,486
|
63,263
|
125,640
|
65,605
|
65,591
|
131,196
|
69,497
|
74,925
|
144,422
|
72,130
|
68,051
|
140,181
|
65,036
|
66,699
|
131,735
|
71,794
|
71,438
|
141,065
|
71,800
|
73,200
|
76,000
|
75,300
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
6,948
|
6,324
|
5,324
|
11,729
|
6,041
|
3,814
|
9,855
|
5,393
|
4,383
|
9,776
|
3,470
|
550
|
4,020
|
1,358
|
1,832
|
3,190
|
3,326
|
3,484
|
6,810
|
3,000
|
3,400
|
4,300
|
4,300
|
Operating Margin
|
5.85%
|
5.67%
|
8.42%
|
9.34%
|
9.21%
|
5.81%
|
7.51%
|
7.76%
|
5.85%
|
6.77%
|
4.81%
|
0.81%
|
2.87%
|
2.09%
|
2.75%
|
2.42%
|
4.63%
|
4.88%
|
4.83%
|
4.18%
|
4.64%
|
5.66%
|
5.71%
|
Earnings before Tax (EBT)
1 |
6,490
|
6,234
|
-
|
12,523
|
6,305
|
-
|
-
|
6,931
|
5,183
|
12,114
|
3,110
|
-
|
-
|
1,968
|
2,360
|
4,328
|
3,099
|
3,602
|
-
|
3,100
|
3,500
|
4,400
|
4,300
|
Net income
1 |
4,542
|
4,159
|
3,337
|
8,792
|
4,581
|
3,268
|
-
|
5,159
|
3,632
|
8,791
|
2,284
|
437
|
-
|
1,100
|
866
|
1,966
|
2,028
|
2,006
|
-
|
2,200
|
2,400
|
3,100
|
3,000
|
Net margin
|
3.82%
|
3.73%
|
5.27%
|
7%
|
6.98%
|
4.98%
|
-
|
7.42%
|
4.85%
|
6.09%
|
3.17%
|
0.64%
|
-
|
1.69%
|
1.3%
|
1.49%
|
2.82%
|
2.81%
|
-
|
3.06%
|
3.28%
|
4.08%
|
3.98%
|
EPS
|
62.89
|
57.55
|
-
|
121.6
|
63.75
|
-
|
-
|
74.51
|
-
|
127.7
|
33.55
|
-
|
-
|
16.09
|
-
|
28.76
|
29.64
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
39.00
|
39.00
|
-
|
39.00
|
-
|
-
|
-
|
-
|
-
|
44.00
|
-
|
-
|
-
|
-
|
-
|
44.00
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
08/11/19
|
09/11/20
|
08/11/21
|
08/11/21
|
09/02/22
|
09/05/22
|
09/05/22
|
08/08/22
|
10/11/22
|
10/11/22
|
10/02/23
|
08/05/23
|
08/05/23
|
09/08/23
|
08/11/23
|
08/11/23
|
08/02/24
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
44,957
|
44,085
|
56,544
|
51,310
|
35,470
|
30,100
|
24,700
|
27,800
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
12,559
|
4,683
|
20,212
|
4,998
|
-6,202
|
3,237
|
-121
|
6,830
|
ROE (net income / shareholders' equity)
|
6.9%
|
5%
|
5.9%
|
8.2%
|
5.3%
|
2.87%
|
5.13%
|
6.43%
|
ROA (Net income/ Total Assets)
|
6.17%
|
5.09%
|
6%
|
7.79%
|
5.13%
|
2.95%
|
4.5%
|
5.45%
|
Assets
1 |
209,609
|
189,056
|
190,196
|
213,650
|
224,500
|
222,599
|
266,667
|
284,404
|
Book Value Per Share
2 |
2,626
|
2,654
|
2,723
|
2,996
|
3,311
|
3,386
|
3,474
|
3,612
|
Cash Flow per Share
2 |
300.0
|
265.0
|
287.0
|
370.0
|
330.0
|
310.0
|
386.0
|
442.0
|
Capex
1 |
10,919
|
12,443
|
8,997
|
8,522
|
18,796
|
21,667
|
17,333
|
17,333
|
Capex / Sales
|
4.35%
|
5.17%
|
3.81%
|
3.32%
|
6.6%
|
7.88%
|
5.81%
|
5.56%
|
Announcement Date
|
09/05/19
|
08/05/20
|
10/05/21
|
09/05/22
|
08/05/23
|
-
|
-
|
-
|
Last Close Price
3,085
JPY Average target price
3,733
JPY Spread / Average Target +21.02% Consensus |
1st Jan change
|
Capi.
|
---|
| +12.18% | 1.34B | | +1.18% | 30.94B | | -6.63% | 1.28B | | +22.24% | 1.27B | | -25.45% | 770M | | -24.52% | 742M | | -19.93% | 713M | | -35.18% | 679M | | -20.76% | 603M | | +51.58% | 447M |
Adhesive & Epoxy
|