Delayed
Japan Exchange
03:28:30 15/05/2024 BST
|
5-day change
|
1st Jan Change
|
2,871
JPY
|
-1.75%
|
|
-5.96%
|
+5.98%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
106,698
|
114,790
|
145,824
|
169,518
|
183,255
|
224,648
|
-
|
-
|
Enterprise Value (EV)
1 |
83,881
|
88,564
|
115,738
|
137,698
|
144,889
|
228,800
|
200,218
|
196,138
|
P/E ratio
|
18.5
x
|
18.4
x
|
23
x
|
22.1
x
|
18
x
|
22.3
x
|
20.3
x
|
18.4
x
|
Yield
|
2.33%
|
3.19%
|
2.28%
|
2.37%
|
2.81%
|
2.42%
|
2.57%
|
2.99%
|
Capitalization / Revenue
|
1.72
x
|
1.76
x
|
2.2
x
|
2.38
x
|
2.35
x
|
2.26
x
|
2.06
x
|
1.91
x
|
EV / Revenue
|
1.35
x
|
1.36
x
|
1.75
x
|
1.93
x
|
1.86
x
|
2.26
x
|
1.84
x
|
1.67
x
|
EV / EBITDA
|
8,966,378
x
|
8,675,357
x
|
11,014,238
x
|
11,327,052
x
|
10,851,544
x
|
-
|
-
|
-
|
EV / FCF
|
16.3
x
|
8.01
x
|
15.4
x
|
20.1
x
|
14.9
x
|
18.8
x
|
19.3
x
|
17.3
x
|
FCF Yield
|
6.14%
|
12.5%
|
6.48%
|
4.99%
|
6.7%
|
5.31%
|
5.18%
|
5.79%
|
Price to Book
|
2.28
x
|
2.58
x
|
3
x
|
3.33
x
|
3.35
x
|
3.67
x
|
3.84
x
|
3.59
x
|
Nbr of stocks (in thousands)
|
82,808
|
79,715
|
79,209
|
77,335
|
76,869
|
76,882
|
-
|
-
|
Reference price
2 |
1,288
|
1,440
|
1,841
|
2,192
|
2,384
|
2,922
|
2,922
|
2,922
|
Announcement Date
|
08/05/19
|
08/05/20
|
10/05/21
|
09/05/22
|
09/05/23
|
08/05/24
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
61,944
|
65,063
|
66,184
|
71,188
|
77,982
|
101,263
|
108,800
|
117,650
|
EBITDA
|
9,355
|
10,209
|
10,508
|
12,157
|
13,352
|
-
|
-
|
-
|
EBIT
1 |
8,654
|
9,545
|
9,842
|
11,414
|
12,524
|
15,180
|
16,550
|
18,250
|
Operating Margin
|
13.97%
|
14.67%
|
14.87%
|
16.03%
|
16.06%
|
14.99%
|
15.21%
|
15.51%
|
Earnings before Tax (EBT)
|
8,675
|
9,058
|
9,480
|
11,602
|
14,764
|
15,375
|
-
|
-
|
Net income
1 |
5,817
|
6,314
|
6,373
|
7,823
|
10,219
|
10,262
|
11,050
|
12,200
|
Net margin
|
9.39%
|
9.7%
|
9.63%
|
10.99%
|
13.1%
|
10.13%
|
10.16%
|
10.37%
|
EPS
2 |
69.66
|
78.21
|
80.10
|
99.37
|
132.3
|
133.3
|
143.8
|
159.0
|
Free Cash Flow
1 |
5,147
|
11,050
|
7,499
|
6,867
|
9,713
|
10,850
|
10,380
|
11,360
|
FCF margin
|
8.31%
|
16.98%
|
11.33%
|
9.65%
|
12.46%
|
10.32%
|
9.54%
|
9.66%
|
FCF Conversion (EBITDA)
|
55.02%
|
108.24%
|
71.37%
|
56.49%
|
72.75%
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
88.48%
|
175.01%
|
117.67%
|
87.78%
|
95.05%
|
102.36%
|
93.94%
|
93.11%
|
Dividend per Share
2 |
30.00
|
46.00
|
42.00
|
52.00
|
67.00
|
72.00
|
75.00
|
87.50
|
Announcement Date
|
08/05/19
|
08/05/20
|
10/05/21
|
09/05/22
|
09/05/23
|
08/05/24
|
-
|
-
|
Fiscal Period: March |
2020 S1
|
2021 S1
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
---|
Net sales
1 |
32,152
|
32,577
|
34,334
|
17,904
|
18,950
|
18,594
|
19,173
|
37,767
|
19,485
|
20,730
|
24,007
|
26,326
|
50,333
|
24,904
|
26,026
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
4,430
|
4,644
|
5,223
|
3,063
|
3,128
|
2,888
|
3,082
|
5,970
|
3,262
|
3,292
|
3,376
|
3,989
|
7,365
|
3,763
|
4,052
|
Operating Margin
|
13.78%
|
14.26%
|
15.21%
|
17.11%
|
16.51%
|
15.53%
|
16.07%
|
15.81%
|
16.74%
|
15.88%
|
14.06%
|
15.15%
|
14.63%
|
15.11%
|
15.57%
|
Earnings before Tax (EBT)
|
4,313
|
4,458
|
5,297
|
3,191
|
-
|
2,893
|
-
|
7,575
|
3,870
|
-
|
3,377
|
-
|
7,410
|
3,870
|
-
|
Net income
1 |
2,797
|
2,880
|
3,493
|
2,201
|
2,129
|
1,794
|
3,450
|
5,244
|
2,620
|
2,355
|
1,688
|
2,714
|
4,402
|
2,829
|
3,031
|
Net margin
|
8.7%
|
8.84%
|
10.17%
|
12.29%
|
11.23%
|
9.65%
|
17.99%
|
13.89%
|
13.45%
|
11.36%
|
7.03%
|
10.31%
|
8.75%
|
11.36%
|
11.65%
|
EPS
|
34.36
|
36.14
|
44.27
|
27.91
|
-
|
23.05
|
-
|
67.57
|
34.09
|
-
|
21.97
|
-
|
57.23
|
36.69
|
-
|
Dividend per Share
|
14.00
|
-
|
-
|
-
|
-
|
-
|
-
|
10.00
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
31/10/19
|
29/10/20
|
28/10/21
|
31/01/22
|
09/05/22
|
29/07/22
|
31/10/22
|
31/10/22
|
31/01/23
|
09/05/23
|
31/07/23
|
31/10/23
|
31/10/23
|
06/02/24
|
08/05/24
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
22,817
|
26,226
|
30,086
|
31,820
|
38,366
|
20,160
|
24,430
|
28,510
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
5,147
|
11,050
|
7,499
|
6,867
|
9,713
|
10,850
|
10,380
|
11,360
|
ROE (net income / shareholders' equity)
|
12.6%
|
13.8%
|
13.7%
|
15.7%
|
19.3%
|
17.5%
|
18.9%
|
21.5%
|
ROA (Net income/ Total Assets)
|
15.9%
|
17.6%
|
17.6%
|
19%
|
19.3%
|
19.8%
|
-
|
-
|
Assets
1 |
36,514
|
35,868
|
36,280
|
41,193
|
53,037
|
51,699
|
-
|
-
|
Book Value Per Share
2 |
566.0
|
557.0
|
614.0
|
658.0
|
712.0
|
811.0
|
762.0
|
814.0
|
Cash Flow per Share
|
75.30
|
83.50
|
85.40
|
106.0
|
139.0
|
150.0
|
-
|
-
|
Capex
1 |
314
|
465
|
583
|
560
|
354
|
750
|
750
|
750
|
Capex / Sales
|
0.51%
|
0.71%
|
0.88%
|
0.79%
|
0.45%
|
0.71%
|
0.69%
|
0.64%
|
Announcement Date
|
08/05/19
|
08/05/20
|
10/05/21
|
09/05/22
|
09/05/23
|
08/05/24
|
-
|
-
|
Last Close Price
2,922
JPY Average target price
3,450
JPY Spread / Average Target +18.07% Consensus |
1st Jan change
|
Capi.
|
---|
| +5.98% | 1.46B | | -12.53% | 193B | | +2.84% | 171B | | +2.33% | 154B | | +5.38% | 101B | | +10.74% | 80B | | +29.07% | 77.2B | | -7.66% | 70.57B | | -19.12% | 53.36B | | -9.89% | 42.57B |
Other IT Services & Consulting
|