Market Closed -
Japan Exchange
07:00:00 02/05/2024 BST
|
5-day change
|
1st Jan Change
|
3,540
JPY
|
+0.14%
|
|
+1.87%
|
+11.85%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
94,713
|
99,897
|
99,091
|
87,518
|
84,854
|
118,390
|
-
|
-
|
Enterprise Value (EV)
1 |
121,219
|
123,208
|
135,473
|
131,271
|
141,886
|
161,110
|
148,477
|
141,409
|
P/E ratio
|
13.1
x
|
14.8
x
|
9.71
x
|
21.7
x
|
10.9
x
|
9.8
x
|
9.02
x
|
9.29
x
|
Yield
|
2%
|
2.02%
|
2.09%
|
2.29%
|
2.56%
|
2.26%
|
2.46%
|
2.51%
|
Capitalization / Revenue
|
0.37
x
|
0.39
x
|
0.39
x
|
0.3
x
|
0.25
x
|
0.34
x
|
0.34
x
|
0.33
x
|
EV / Revenue
|
0.47
x
|
0.49
x
|
0.53
x
|
0.46
x
|
0.42
x
|
0.46
x
|
0.42
x
|
0.39
x
|
EV / EBITDA
|
-
|
-
|
8.26
x
|
8.44
x
|
10.1
x
|
6.64
x
|
5.84
x
|
5.34
x
|
EV / FCF
|
11.5
x
|
20.9
x
|
109
x
|
-13.3
x
|
-15.6
x
|
49.6
x
|
23.9
x
|
23.4
x
|
FCF Yield
|
8.73%
|
4.77%
|
0.92%
|
-7.51%
|
-6.4%
|
2.01%
|
4.18%
|
4.28%
|
Price to Book
|
1.14
x
|
1.17
x
|
1.01
x
|
0.83
x
|
0.75
x
|
0.97
x
|
0.89
x
|
0.83
x
|
Nbr of stocks (in thousands)
|
31,592
|
31,121
|
31,913
|
33,429
|
33,447
|
33,443
|
-
|
-
|
Reference price
2 |
2,998
|
3,210
|
3,105
|
2,618
|
2,537
|
3,540
|
3,540
|
3,540
|
Announcement Date
|
09/05/19
|
14/05/20
|
14/05/21
|
13/05/22
|
11/05/23
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
255,905
|
254,017
|
255,997
|
287,635
|
335,053
|
349,258
|
352,716
|
359,804
|
EBITDA
1 |
-
|
-
|
16,410
|
15,554
|
14,090
|
24,279
|
25,439
|
26,506
|
EBIT
1 |
8,443
|
8,808
|
7,594
|
5,564
|
4,184
|
13,476
|
14,186
|
14,902
|
Operating Margin
|
3.3%
|
3.47%
|
2.97%
|
1.93%
|
1.25%
|
3.86%
|
4.02%
|
4.14%
|
Earnings before Tax (EBT)
1 |
9,430
|
9,355
|
11,422
|
5,832
|
10,908
|
16,250
|
17,710
|
17,177
|
Net income
1 |
7,254
|
6,764
|
10,115
|
4,006
|
7,776
|
12,075
|
13,133
|
12,745
|
Net margin
|
2.83%
|
2.66%
|
3.95%
|
1.39%
|
2.32%
|
3.46%
|
3.72%
|
3.54%
|
EPS
2 |
229.6
|
216.4
|
319.7
|
120.6
|
232.6
|
361.0
|
392.6
|
381.1
|
Free Cash Flow
1 |
10,586
|
5,883
|
1,245
|
-9,853
|
-9,085
|
3,245
|
6,202
|
6,052
|
FCF margin
|
4.14%
|
2.32%
|
0.49%
|
-3.43%
|
-2.71%
|
0.93%
|
1.76%
|
1.68%
|
FCF Conversion (EBITDA)
|
-
|
-
|
7.59%
|
-
|
-
|
13.37%
|
24.38%
|
22.83%
|
FCF Conversion (Net income)
|
145.93%
|
86.98%
|
12.31%
|
-
|
-
|
26.87%
|
47.22%
|
47.49%
|
Dividend per Share
2 |
60.00
|
65.00
|
65.00
|
60.00
|
65.00
|
80.00
|
87.00
|
89.00
|
Announcement Date
|
09/05/19
|
14/05/20
|
14/05/21
|
13/05/22
|
11/05/23
|
-
|
-
|
-
|
Fiscal Period: March |
2020 S1
|
2021 S1
|
2022 Q2
|
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 |
128,151
|
124,180
|
71,039
|
139,914
|
75,341
|
72,380
|
80,688
|
82,722
|
163,410
|
89,736
|
81,907
|
89,799
|
85,783
|
175,582
|
89,973
|
82,445
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
5,056
|
4,177
|
1,364
|
2,406
|
2,011
|
1,147
|
1,815
|
502
|
2,317
|
2,245
|
-378
|
3,313
|
4,039
|
7,352
|
3,967
|
1,681
|
Operating Margin
|
3.95%
|
3.36%
|
1.92%
|
1.72%
|
2.67%
|
1.58%
|
2.25%
|
0.61%
|
1.42%
|
2.5%
|
-0.46%
|
3.69%
|
4.71%
|
4.19%
|
4.41%
|
2.04%
|
Earnings before Tax (EBT)
|
6,149
|
8,204
|
1,477
|
2,761
|
2,161
|
910
|
2,129
|
-
|
2,755
|
3,121
|
-
|
3,992
|
-
|
8,259
|
6,191
|
-
|
Net income
1 |
4,503
|
6,918
|
979
|
1,802
|
1,480
|
724
|
1,426
|
521
|
1,947
|
2,096
|
3,733
|
2,783
|
2,947
|
5,730
|
4,632
|
1,638
|
Net margin
|
3.51%
|
5.57%
|
1.38%
|
1.29%
|
1.96%
|
1%
|
1.77%
|
0.63%
|
1.19%
|
2.34%
|
4.56%
|
3.1%
|
3.44%
|
3.26%
|
5.15%
|
1.99%
|
EPS
|
143.6
|
220.7
|
-
|
54.61
|
44.38
|
-
|
42.70
|
-
|
58.28
|
62.67
|
-
|
83.23
|
-
|
171.3
|
138.4
|
-
|
Dividend per Share
|
30.00
|
30.00
|
-
|
30.00
|
-
|
-
|
-
|
-
|
30.00
|
-
|
-
|
-
|
-
|
30.00
|
-
|
-
|
Announcement Date
|
08/11/19
|
16/11/20
|
05/11/21
|
05/11/21
|
07/02/22
|
13/05/22
|
05/08/22
|
11/11/22
|
11/11/22
|
10/02/23
|
11/05/23
|
07/08/23
|
10/11/23
|
10/11/23
|
09/02/24
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
26,506
|
23,311
|
36,382
|
43,753
|
57,032
|
42,720
|
30,087
|
23,019
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
-
|
-
|
2.217
x
|
2.813
x
|
4.048
x
|
1.76
x
|
1.183
x
|
0.8685
x
|
Free Cash Flow
1 |
10,586
|
5,883
|
1,245
|
-9,853
|
-9,085
|
3,245
|
6,202
|
6,053
|
ROE (net income / shareholders' equity)
|
9%
|
8%
|
10.9%
|
3.9%
|
7.1%
|
10.3%
|
10.3%
|
9.25%
|
ROA (Net income/ Total Assets)
|
5.66%
|
5.84%
|
4.76%
|
2.96%
|
2.72%
|
6.4%
|
6.7%
|
7%
|
Assets
1 |
128,180
|
115,894
|
212,313
|
135,427
|
285,464
|
188,672
|
196,015
|
182,071
|
Book Value Per Share
2 |
2,623
|
2,738
|
3,080
|
3,162
|
3,378
|
3,660
|
3,966
|
4,258
|
Cash Flow per Share
2 |
501.0
|
477.0
|
598.0
|
421.0
|
529.0
|
686.0
|
702.0
|
718.0
|
Capex
1 |
8,004
|
9,751
|
12,524
|
9,884
|
9,452
|
14,400
|
14,500
|
14,500
|
Capex / Sales
|
3.13%
|
3.84%
|
4.89%
|
3.44%
|
2.82%
|
4.12%
|
4.11%
|
4.03%
|
Announcement Date
|
09/05/19
|
14/05/20
|
14/05/21
|
13/05/22
|
11/05/23
|
-
|
-
|
-
|
Last Close Price
3,540
JPY Average target price
4,735
JPY Spread / Average Target +33.76% Consensus |
1st Jan change
|
Capi.
|
---|
| +11.85% | 774M | | -0.15% | 3.25B | | +9.40% | 1.24B | | 0.00% | 1.23B | | +10.37% | 317M | | +8.88% | 210M | | +8.33% | 192M | | -9.80% | 188M | | +4.69% | 175M | | +15.21% | 177M |
Flour Milling
|