Delayed
Japan Exchange
02:00:00 2024-04-30 am EDT
|
5-day change
|
1st Jan Change
|
4,370
JPY
|
+3.07%
|
|
+5.56%
|
+15.92%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
82,435
|
105,849
|
128,496
|
144,779
|
135,450
|
151,750
|
-
|
-
|
Enterprise Value (EV)
1 |
254,168
|
260,057
|
310,521
|
318,790
|
329,587
|
348,550
|
350,650
|
352,450
|
P/E ratio
|
13.4
x
|
15.1
x
|
18.2
x
|
16.7
x
|
14.9
x
|
18
x
|
17.4
x
|
16.5
x
|
Yield
|
2.25%
|
2%
|
2.23%
|
2.4%
|
2.75%
|
2.79%
|
2.89%
|
3.03%
|
Capitalization / Revenue
|
2.09
x
|
2.27
x
|
3.67
x
|
2.5
x
|
3.04
x
|
3.42
x
|
3.34
x
|
3.24
x
|
EV / Revenue
|
6.44
x
|
5.58
x
|
8.86
x
|
5.51
x
|
7.4
x
|
7.87
x
|
7.72
x
|
7.53
x
|
EV / EBITDA
|
18
x
|
16.5
x
|
19
x
|
17.7
x
|
20
x
|
19
x
|
18
x
|
17.4
x
|
EV / FCF
|
-9.88
x
|
15.1
x
|
-13.8
x
|
23.6
x
|
-20.2
x
|
-315
x
|
-120
x
|
-68.2
x
|
FCF Yield
|
-10.1%
|
6.63%
|
-7.27%
|
4.23%
|
-4.94%
|
-0.32%
|
-0.83%
|
-1.47%
|
Price to Book
|
0.76
x
|
0.99
x
|
1.08
x
|
1.21
x
|
1.14
x
|
1.24
x
|
1.2
x
|
1.16
x
|
Nbr of stocks (in thousands)
|
38,684
|
37,817
|
37,191
|
36,607
|
35,786
|
35,790
|
-
|
-
|
Reference price
2 |
2,131
|
2,799
|
3,455
|
3,955
|
3,785
|
4,240
|
4,240
|
4,240
|
Announcement Date
|
4/25/19
|
4/30/20
|
4/30/21
|
4/28/22
|
4/28/23
|
-
|
-
|
-
|
Fiscal Period: Marzo |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
39,480
|
46,639
|
35,048
|
57,818
|
44,522
|
44,310
|
45,393
|
46,777
|
EBITDA
1 |
14,101
|
15,717
|
16,305
|
18,033
|
16,452
|
18,300
|
19,450
|
20,250
|
EBIT
1 |
9,335
|
10,903
|
11,228
|
12,615
|
10,784
|
12,427
|
13,117
|
13,557
|
Operating Margin
|
23.64%
|
23.38%
|
32.04%
|
21.82%
|
24.22%
|
28.04%
|
28.9%
|
28.98%
|
Earnings before Tax (EBT)
1 |
9,700
|
9,972
|
10,216
|
12,544
|
13,260
|
11,886
|
12,300
|
12,800
|
Net income
1 |
6,174
|
7,046
|
7,118
|
8,705
|
9,137
|
8,363
|
8,563
|
8,880
|
Net margin
|
15.64%
|
15.11%
|
20.31%
|
15.06%
|
20.52%
|
18.87%
|
18.86%
|
18.98%
|
EPS
2 |
158.7
|
184.8
|
189.8
|
236.7
|
254.3
|
235.6
|
244.3
|
256.6
|
Free Cash Flow
1 |
-25,726
|
17,253
|
-22,580
|
13,484
|
-16,298
|
-1,107
|
-2,923
|
-5,165
|
FCF margin
|
-65.16%
|
36.99%
|
-64.43%
|
23.32%
|
-36.61%
|
-2.5%
|
-6.44%
|
-11.04%
|
FCF Conversion (EBITDA)
|
-
|
109.77%
|
-
|
74.77%
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
-
|
244.86%
|
-
|
154.9%
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
48.00
|
56.00
|
77.00
|
95.00
|
104.0
|
118.5
|
122.3
|
128.7
|
Announcement Date
|
4/25/19
|
4/30/20
|
4/30/21
|
4/28/22
|
4/28/23
|
-
|
-
|
-
|
Fiscal Period: März |
2020 S1
|
2021 S1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
---|
Net sales
1 |
30,882
|
21,406
|
7,441
|
41,281
|
7,105
|
9,432
|
17,385
|
7,569
|
24,954
|
7,179
|
12,389
|
19,568
|
15,028
|
13,163
|
28,191
|
7,524
|
8,185
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
5,860
|
6,696
|
2,440
|
7,299
|
2,018
|
3,298
|
2,990
|
2,077
|
5,067
|
1,773
|
3,944
|
5,717
|
6,447
|
2,807
|
9,254
|
1,697
|
1,349
|
Operating Margin
|
18.98%
|
31.28%
|
32.79%
|
17.68%
|
28.4%
|
34.97%
|
17.2%
|
27.44%
|
20.31%
|
24.7%
|
31.83%
|
29.22%
|
42.9%
|
21.32%
|
32.83%
|
22.55%
|
16.48%
|
Earnings before Tax (EBT)
1 |
5,202
|
6,260
|
2,332
|
7,055
|
2,250
|
3,239
|
3,416
|
2,909
|
6,325
|
2,017
|
4,918
|
6,935
|
7,406
|
2,354
|
9,760
|
1,378
|
748
|
Net income
1 |
3,459
|
4,303
|
1,619
|
4,765
|
1,631
|
2,309
|
2,186
|
2,054
|
4,240
|
1,429
|
3,468
|
4,897
|
5,001
|
1,658
|
6,659
|
955
|
586
|
Net margin
|
11.2%
|
20.1%
|
21.76%
|
11.54%
|
22.96%
|
24.48%
|
12.57%
|
27.14%
|
16.99%
|
19.91%
|
27.99%
|
25.03%
|
33.28%
|
12.6%
|
23.62%
|
12.69%
|
7.16%
|
EPS
2 |
90.03
|
114.3
|
44.09
|
128.9
|
44.67
|
63.17
|
60.22
|
57.31
|
117.5
|
40.04
|
96.70
|
136.7
|
139.8
|
46.31
|
186.1
|
26.68
|
17.70
|
Dividend per Share
|
25.00
|
32.00
|
41.00
|
41.00
|
-
|
54.00
|
-
|
50.00
|
50.00
|
-
|
54.00
|
-
|
-
|
58.00
|
58.00
|
-
|
-
|
Announcement Date
|
12/13/19
|
10/30/20
|
10/29/21
|
10/29/21
|
1/31/22
|
4/28/22
|
7/29/22
|
10/31/22
|
10/31/22
|
1/31/23
|
4/28/23
|
4/28/23
|
7/31/23
|
10/31/23
|
10/31/23
|
1/31/24
|
-
|
Fiscal Period: März |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
171,733
|
154,208
|
182,025
|
174,011
|
194,137
|
196,800
|
198,900
|
200,700
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
12.18
x
|
9.812
x
|
11.16
x
|
9.65
x
|
11.8
x
|
10.75
x
|
10.23
x
|
9.911
x
|
Free Cash Flow
1 |
-25,726
|
17,253
|
-22,580
|
13,484
|
-16,298
|
-1,107
|
-2,923
|
-5,165
|
ROE (net income / shareholders' equity)
|
5.8%
|
6.5%
|
6.3%
|
7.3%
|
7.7%
|
6.8%
|
6.98%
|
7.17%
|
ROA (Net income/ Total Assets)
|
2.64%
|
2.96%
|
2.84%
|
3.06%
|
2.49%
|
3.1%
|
3.1%
|
3.1%
|
Assets
1 |
233,765
|
237,701
|
250,457
|
284,937
|
366,798
|
269,785
|
276,237
|
286,452
|
Book Value Per Share
2 |
2,820
|
2,837
|
3,190
|
3,270
|
3,334
|
3,432
|
3,545
|
3,662
|
Cash Flow per Share
|
283.0
|
313.0
|
327.0
|
386.0
|
414.0
|
-
|
-
|
-
|
Capex
1 |
21,824
|
11,805
|
30,872
|
26,429
|
44,112
|
15,000
|
20,000
|
25,000
|
Capex / Sales
|
55.28%
|
25.31%
|
88.08%
|
45.71%
|
99.08%
|
33.85%
|
44.06%
|
53.45%
|
Announcement Date
|
4/25/19
|
4/30/20
|
4/30/21
|
4/28/22
|
4/28/23
|
-
|
-
|
-
|
Last Close Price
4,240
JPY Average target price
4,205
JPY Spread / Average Target -0.83% Consensus |
1st Jan change
|
Capi.
|
---|
| +15.92% | 969M | | -9.64% | 2.38B | | -10.40% | 1.71B | | -21.29% | 1.59B | | +5.46% | 974M | | -3.57% | 704M | | -14.99% | 587M | | 0.00% | 459M | | -21.58% | 382M | | -3.72% | 337M |
Office Real Estate Development
|