Market Closed -
Japan Exchange
07:00:00 02/05/2024 BST
|
5-day change
|
1st Jan Change
|
5,360
JPY
|
+0.02%
|
|
+13.15%
|
+27.53%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
292,985
|
390,846
|
444,916
|
466,218
|
860,128
|
1,096,943
|
-
|
-
|
Enterprise Value (EV)
1 |
439,035
|
595,208
|
595,157
|
658,214
|
1,108,326
|
1,441,135
|
1,438,071
|
1,455,322
|
P/E ratio
|
10
x
|
12.9
x
|
4.86
x
|
4.29
x
|
8.31
x
|
10.4
x
|
9.42
x
|
8.86
x
|
Yield
|
2.48%
|
1.62%
|
3.59%
|
5.36%
|
2.97%
|
2.49%
|
2.75%
|
2.81%
|
Capitalization / Revenue
|
0.22
x
|
0.47
x
|
0.32
x
|
0.28
x
|
0.5
x
|
0.55
x
|
0.52
x
|
0.49
x
|
EV / Revenue
|
0.34
x
|
0.71
x
|
0.43
x
|
0.39
x
|
0.64
x
|
0.72
x
|
0.68
x
|
0.65
x
|
EV / EBITDA
|
6.33
x
|
9.92
x
|
4.5
x
|
3.74
x
|
6.65
x
|
7.39
x
|
7.1
x
|
6.65
x
|
EV / FCF
|
-14.2
x
|
270
x
|
11.6
x
|
228
x
|
86.6
x
|
139
x
|
34.6
x
|
27.3
x
|
FCF Yield
|
-7.05%
|
0.37%
|
8.62%
|
0.44%
|
1.16%
|
0.72%
|
2.89%
|
3.66%
|
Price to Book
|
0.92
x
|
1.06
x
|
0.9
x
|
0.74
x
|
1.14
x
|
1.32
x
|
1.21
x
|
1.08
x
|
Nbr of stocks (in thousands)
|
181,415
|
181,451
|
199,872
|
199,836
|
204,646
|
204,654
|
-
|
-
|
Reference price
2 |
1,615
|
2,154
|
2,226
|
2,333
|
4,203
|
5,360
|
5,360
|
5,360
|
Announcement Date
|
10/05/19
|
15/02/21
|
14/02/22
|
14/02/23
|
14/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,308,893
|
839,881
|
1,385,930
|
1,669,707
|
1,733,169
|
1,993,783
|
2,102,550
|
2,236,640
|
EBITDA
1 |
69,361
|
60,020
|
132,252
|
176,164
|
166,673
|
195,100
|
202,433
|
219,000
|
EBIT
1 |
49,247
|
47,462
|
113,651
|
158,253
|
146,755
|
158,065
|
173,532
|
185,818
|
Operating Margin
|
3.76%
|
5.65%
|
8.2%
|
9.48%
|
8.47%
|
7.93%
|
8.25%
|
8.31%
|
Earnings before Tax (EBT)
1 |
56,618
|
50,211
|
133,932
|
188,385
|
161,353
|
172,750
|
190,300
|
204,467
|
Net income
1 |
29,160
|
30,398
|
87,175
|
108,672
|
102,479
|
105,883
|
116,683
|
124,000
|
Net margin
|
2.23%
|
3.62%
|
6.29%
|
6.51%
|
5.91%
|
5.31%
|
5.55%
|
5.54%
|
EPS
2 |
160.8
|
167.5
|
457.7
|
543.8
|
505.5
|
516.6
|
569.2
|
604.8
|
Free Cash Flow
1 |
-30,970
|
2,205
|
51,322
|
2,891
|
12,803
|
10,400
|
41,560
|
53,264
|
FCF margin
|
-2.37%
|
0.26%
|
3.7%
|
0.17%
|
0.74%
|
0.52%
|
1.98%
|
2.38%
|
FCF Conversion (EBITDA)
|
-
|
3.67%
|
38.81%
|
1.64%
|
7.68%
|
5.33%
|
20.53%
|
24.32%
|
FCF Conversion (Net income)
|
-
|
7.25%
|
58.87%
|
2.66%
|
12.49%
|
9.82%
|
35.62%
|
42.96%
|
Dividend per Share
2 |
40.00
|
35.00
|
80.00
|
125.0
|
125.0
|
133.7
|
147.7
|
150.6
|
Announcement Date
|
10/05/19
|
15/02/21
|
14/02/22
|
14/02/23
|
14/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2021 S1
|
2021 Q3
|
2021 Q4
|
2022 Q1
|
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 S1
|
---|
Net sales
1 |
716,042
|
546,936
|
632,875
|
335,198
|
417,857
|
353,898
|
428,886
|
782,784
|
423,509
|
463,414
|
886,923
|
376,305
|
440,178
|
816,483
|
416,401
|
500,285
|
916,686
|
453,632
|
518,034
|
929,167
|
470,000
|
611,950
|
1,053,900
|
947,000
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
22,389
|
48,348
|
21,370
|
43,933
|
27,766
|
45,189
|
72,955
|
38,154
|
47,144
|
85,298
|
24,364
|
40,865
|
65,229
|
32,386
|
49,140
|
81,526
|
40,631
|
37,034
|
66,400
|
37,100
|
54,195
|
95,590
|
77,200
|
Operating Margin
|
-
|
4.09%
|
7.64%
|
6.38%
|
10.51%
|
7.85%
|
10.54%
|
9.32%
|
9.01%
|
10.17%
|
9.62%
|
6.47%
|
9.28%
|
7.99%
|
7.78%
|
9.82%
|
8.89%
|
8.96%
|
7.15%
|
7.15%
|
7.89%
|
8.86%
|
9.07%
|
8.15%
|
Earnings before Tax (EBT)
1 |
-
|
24,300
|
48,431
|
36,589
|
48,912
|
35,894
|
55,298
|
91,192
|
48,311
|
48,882
|
-
|
25,591
|
41,775
|
67,366
|
32,213
|
61,774
|
-
|
39,772
|
42,664
|
70,500
|
38,450
|
58,950
|
103,800
|
-
|
Net income
1 |
-
|
10,964
|
29,192
|
24,509
|
33,474
|
22,598
|
26,965
|
49,563
|
33,155
|
25,954
|
59,109
|
14,401
|
30,414
|
44,815
|
18,982
|
38,682
|
57,664
|
22,231
|
27,184
|
41,733
|
22,450
|
38,250
|
66,400
|
50,400
|
Net margin
|
-
|
2%
|
4.61%
|
7.31%
|
8.01%
|
6.39%
|
6.29%
|
6.33%
|
7.83%
|
5.6%
|
6.66%
|
3.83%
|
6.91%
|
5.49%
|
4.56%
|
7.73%
|
6.29%
|
4.9%
|
5.25%
|
4.49%
|
4.78%
|
6.25%
|
6.3%
|
5.32%
|
EPS
2 |
102.2
|
31.56
|
160.9
|
125.8
|
171.0
|
113.1
|
-
|
248.0
|
165.9
|
129.9
|
-
|
72.07
|
151.1
|
223.2
|
92.54
|
189.8
|
-
|
108.6
|
135.7
|
202.3
|
112.4
|
156.4
|
-
|
246.3
|
Dividend per Share
2 |
20.00
|
10.00
|
35.00
|
-
|
45.00
|
-
|
-
|
60.00
|
-
|
65.00
|
-
|
-
|
60.00
|
60.00
|
-
|
65.00
|
-
|
-
|
65.00
|
65.00
|
-
|
65.00
|
-
|
-
|
Announcement Date
|
10/05/19
|
12/08/20
|
10/08/21
|
29/10/21
|
14/02/22
|
27/04/22
|
09/08/22
|
09/08/22
|
31/10/22
|
14/02/23
|
14/02/23
|
27/04/23
|
08/08/23
|
08/08/23
|
31/10/23
|
14/02/24
|
14/02/24
|
30/04/24
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
146,050
|
204,362
|
150,241
|
191,996
|
248,198
|
344,192
|
341,128
|
358,379
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.106
x
|
3.405
x
|
1.136
x
|
1.09
x
|
1.489
x
|
1.764
x
|
1.685
x
|
1.636
x
|
Free Cash Flow
1 |
-30,970
|
2,205
|
51,322
|
2,891
|
12,803
|
10,400
|
41,560
|
53,265
|
ROE (net income / shareholders' equity)
|
9.3%
|
8.81%
|
20.2%
|
19.4%
|
14.8%
|
13.4%
|
13.6%
|
13%
|
ROA (Net income/ Total Assets)
|
5.49%
|
2.9%
|
7.25%
|
13.7%
|
9.52%
|
8.97%
|
8.25%
|
9.07%
|
Assets
1 |
531,389
|
1,047,954
|
1,202,414
|
794,674
|
1,076,847
|
1,180,855
|
1,414,343
|
1,367,647
|
Book Value Per Share
2 |
1,755
|
2,025
|
2,480
|
3,140
|
3,687
|
4,070
|
4,439
|
4,957
|
Cash Flow per Share
|
236.0
|
258.0
|
544.0
|
633.0
|
604.0
|
-
|
-
|
-
|
Capex
1 |
21,214
|
27,877
|
24,278
|
35,939
|
43,105
|
45,000
|
52,500
|
52,500
|
Capex / Sales
|
1.62%
|
3.32%
|
1.75%
|
2.15%
|
2.49%
|
2.26%
|
2.5%
|
2.35%
|
Announcement Date
|
10/05/19
|
15/02/21
|
14/02/22
|
14/02/23
|
14/02/24
|
-
|
-
|
-
|
Last Close Price
5,360
JPY Average target price
4,832
JPY Spread / Average Target -9.86% Consensus |
1st Jan change
|
Capi.
|
---|
| +27.53% | 7.17B | | -2.30% | 48.9B | | +13.00% | 24.53B | | +3.86% | 18.57B | | +17.08% | 15.54B | | +20.27% | 12.88B | | +7.51% | 6.69B | | -5.34% | 6.18B | | +9.69% | 6.14B | | +7.22% | 6.05B |
Other Homebuilding
|