Market Closed -
Japan Exchange
02:00:00 2024-05-15 am EDT
|
5-day change
|
1st Jan Change
|
4,107
JPY
|
-1.39%
|
|
-4.44%
|
-3.86%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,335,523
|
1,777,883
|
2,119,873
|
2,098,244
|
2,051,729
|
2,664,862
|
-
|
-
|
Enterprise Value (EV)
1 |
2,830,418
|
2,622,365
|
3,066,683
|
3,287,091
|
3,642,146
|
2,897,122
|
4,303,656
|
4,340,223
|
P/E ratio
|
9.85
x
|
7.61
x
|
10.9
x
|
9.31
x
|
6.64
x
|
9.9
x
|
9.89
x
|
8.83
x
|
Yield
|
3.24%
|
4.3%
|
3.58%
|
3.94%
|
4.17%
|
3.16%
|
3.57%
|
4.06%
|
Capitalization / Revenue
|
0.56
x
|
0.41
x
|
0.51
x
|
0.47
x
|
0.42
x
|
0.56
x
|
0.52
x
|
0.5
x
|
EV / Revenue
|
0.68
x
|
0.6
x
|
0.74
x
|
0.74
x
|
0.74
x
|
0.56
x
|
0.83
x
|
0.82
x
|
EV / EBITDA
|
6.39
x
|
5.75
x
|
7.04
x
|
6.8
x
|
6.29
x
|
8.39
x
|
8.1
x
|
7.46
x
|
EV / FCF
|
45.3
x
|
-11.7
x
|
76
x
|
-25.1
x
|
-12.7
x
|
11.9
x
|
197
x
|
107
x
|
FCF Yield
|
2.21%
|
-8.55%
|
1.32%
|
-3.98%
|
-7.9%
|
8.38%
|
0.51%
|
0.94%
|
Price to Book
|
1.46
x
|
1.03
x
|
1.16
x
|
1.04
x
|
0.9
x
|
1.19
x
|
1.05
x
|
0.98
x
|
Nbr of stocks (in thousands)
|
663,689
|
664,009
|
654,080
|
655,497
|
658,872
|
639,823
|
-
|
-
|
Reference price
2 |
3,519
|
2,678
|
3,241
|
3,201
|
3,114
|
4,165
|
4,165
|
4,165
|
Announcement Date
|
5/13/19
|
5/14/20
|
5/14/21
|
5/13/22
|
5/12/23
|
5/10/24
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
4,143,505
|
4,380,209
|
4,126,769
|
4,439,536
|
4,908,199
|
5,202,919
|
5,158,554
|
5,312,252
|
EBITDA
1 |
443,215
|
456,321
|
435,524
|
483,584
|
578,834
|
511,043
|
531,616
|
582,139
|
EBIT
1 |
372,195
|
381,114
|
357,121
|
383,256
|
465,370
|
440,210
|
416,474
|
454,604
|
Operating Margin
|
8.98%
|
8.7%
|
8.65%
|
8.63%
|
9.48%
|
8.46%
|
8.07%
|
8.56%
|
Earnings before Tax (EBT)
1 |
352,230
|
349,683
|
311,210
|
353,300
|
440,496
|
455,834
|
399,200
|
440,640
|
Net income
1 |
237,439
|
233,603
|
195,076
|
225,272
|
308,399
|
298,752
|
268,986
|
298,503
|
Net margin
|
5.73%
|
5.33%
|
4.73%
|
5.07%
|
6.28%
|
5.74%
|
5.21%
|
5.62%
|
EPS
2 |
357.3
|
351.8
|
297.2
|
343.8
|
469.1
|
457.2
|
421.2
|
471.8
|
Free Cash Flow
1 |
62,448
|
-224,200
|
40,334
|
-130,987
|
-287,845
|
359,300
|
21,800
|
40,600
|
FCF margin
|
1.51%
|
-5.12%
|
0.98%
|
-2.95%
|
-5.86%
|
7.16%
|
0.42%
|
0.76%
|
FCF Conversion (EBITDA)
|
14.09%
|
-
|
9.26%
|
-
|
-
|
70.31%
|
4.1%
|
6.97%
|
FCF Conversion (Net income)
|
26.3%
|
-
|
20.68%
|
-
|
-
|
132.32%
|
8.1%
|
13.6%
|
Dividend per Share
2 |
114.0
|
115.0
|
116.0
|
126.0
|
130.0
|
143.0
|
148.9
|
169.0
|
Announcement Date
|
5/13/19
|
5/14/20
|
5/14/21
|
5/13/22
|
5/12/23
|
5/10/24
|
-
|
-
|
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 |
2,179,389
|
2,200,820
|
1,966,448
|
2,160,321
|
1,121,524
|
2,042,182
|
1,105,003
|
1,292,351
|
2,397,354
|
1,007,795
|
1,253,534
|
2,261,329
|
1,160,352
|
1,486,518
|
2,646,870
|
1,214,595
|
1,330,232
|
2,544,827
|
1,211,637
|
1,446,455
|
2,658,092
|
1,240,000
|
1,304,500
|
1,261,800
|
1,443,700
|
EBITDA
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
127,233
|
-
|
-
|
138,035
|
-
|
133,673
|
136,483
|
133,695
|
-
|
EBIT
1 |
209,324
|
171,790
|
156,024
|
201,097
|
101,921
|
160,361
|
93,505
|
129,390
|
222,895
|
59,694
|
94,945
|
154,639
|
68,086
|
242,645
|
310,731
|
93,075
|
98,088
|
191,163
|
93,817
|
155,230
|
249,047
|
97,596
|
104,251
|
98,106
|
114,000
|
Operating Margin
|
9.6%
|
7.81%
|
7.93%
|
9.31%
|
9.09%
|
7.85%
|
8.46%
|
10.01%
|
9.3%
|
5.92%
|
7.57%
|
6.84%
|
5.87%
|
16.32%
|
11.74%
|
7.66%
|
7.37%
|
7.51%
|
7.74%
|
10.73%
|
9.37%
|
7.87%
|
7.99%
|
7.78%
|
7.9%
|
Earnings before Tax (EBT)
1 |
207,448
|
-
|
143,971
|
-
|
103,056
|
163,539
|
92,471
|
97,290
|
-
|
57,715
|
100,292
|
158,007
|
64,662
|
217,827
|
-
|
90,843
|
140,433
|
231,276
|
91,873
|
132,685
|
-
|
88,000
|
96,000
|
88,000
|
116,000
|
Net income
1 |
147,390
|
86,213
|
91,329
|
103,747
|
68,997
|
107,582
|
59,912
|
57,778
|
117,690
|
36,533
|
69,461
|
105,994
|
60,269
|
142,136
|
202,405
|
60,007
|
94,481
|
154,488
|
61,796
|
82,468
|
144,264
|
61,616
|
66,586
|
63,576
|
82,332
|
Net margin
|
6.76%
|
3.92%
|
4.64%
|
4.8%
|
6.15%
|
5.27%
|
5.42%
|
4.47%
|
4.91%
|
3.63%
|
5.54%
|
4.69%
|
5.19%
|
9.56%
|
7.65%
|
4.94%
|
7.1%
|
6.07%
|
5.1%
|
5.7%
|
5.43%
|
4.97%
|
5.1%
|
5.04%
|
5.7%
|
EPS
2 |
222.0
|
-
|
138.7
|
-
|
105.3
|
164.3
|
91.41
|
88.14
|
-
|
55.72
|
105.8
|
161.5
|
91.54
|
216.0
|
-
|
91.14
|
143.7
|
234.8
|
94.07
|
128.3
|
-
|
96.31
|
104.1
|
99.36
|
128.7
|
Dividend per Share
2 |
55.00
|
-
|
50.00
|
-
|
55.00
|
55.00
|
-
|
71.00
|
-
|
-
|
60.00
|
60.00
|
-
|
70.00
|
-
|
-
|
63.00
|
63.00
|
-
|
74.50
|
-
|
-
|
72.50
|
-
|
75.00
|
Announcement Date
|
11/8/19
|
5/14/20
|
11/11/20
|
5/14/21
|
11/9/21
|
11/9/21
|
2/10/22
|
5/13/22
|
5/13/22
|
8/9/22
|
11/10/22
|
11/10/22
|
2/10/23
|
5/12/23
|
5/12/23
|
8/7/23
|
11/10/23
|
11/10/23
|
2/9/24
|
5/10/24
|
5/10/24
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
494,895
|
844,482
|
946,810
|
1,188,847
|
1,590,417
|
1,624,559
|
1,638,794
|
1,675,362
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.117
x
|
1.851
x
|
2.174
x
|
2.458
x
|
2.748
x
|
3.179
x
|
3.083
x
|
2.878
x
|
Free Cash Flow
1 |
62,448
|
-224,200
|
40,334
|
-130,987
|
-287,845
|
359,300
|
21,800
|
40,600
|
ROE (net income / shareholders' equity)
|
15.5%
|
14.1%
|
11%
|
11.7%
|
14.3%
|
12.7%
|
10.8%
|
11.5%
|
ROA (Net income/ Total Assets)
|
8.59%
|
8.21%
|
6.98%
|
7.12%
|
7.82%
|
6.75%
|
5.1%
|
5.48%
|
Assets
1 |
2,764,133
|
2,846,876
|
2,794,929
|
3,165,729
|
3,944,064
|
4,428,646
|
5,274,241
|
5,452,118
|
Book Value Per Share
2 |
2,404
|
2,601
|
2,805
|
3,081
|
3,467
|
3,810
|
3,984
|
4,268
|
Cash Flow per Share
2 |
464.0
|
465.0
|
417.0
|
497.0
|
642.0
|
637.0
|
609.0
|
676.0
|
Capex
1 |
293,151
|
373,851
|
372,904
|
425,807
|
518,143
|
355,780
|
456,605
|
464,605
|
Capex / Sales
|
7.07%
|
8.54%
|
9.04%
|
9.59%
|
10.56%
|
6.84%
|
8.85%
|
8.75%
|
Announcement Date
|
5/13/19
|
5/14/20
|
5/14/21
|
5/13/22
|
5/12/23
|
5/10/24
|
-
|
-
|
Last Close Price
4,165
JPY Average target price
4,630
JPY Spread / Average Target +11.16% Consensus |
1st Jan change
|
Capi.
|
---|
| -3.86% | 17.04B | | -2.62% | 48.74B | | +12.56% | 24.44B | | +13.67% | 14.91B | | +23.92% | 13.27B | | +36.85% | 7.51B | | +11.77% | 6.94B | | -1.68% | 6.37B | | +12.11% | 6.33B | | +10.33% | 6.08B |
Other Homebuilding
|