Delayed
Japan Exchange
02:00:00 2024-05-02 am EDT
|
5-day change
|
1st Jan Change
|
20,650
JPY
|
0.00%
|
|
-4.71%
|
-15.00%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
992,688
|
1,259,538
|
1,799,468
|
1,633,448
|
1,853,415
|
1,816,677
|
-
|
-
|
Enterprise Value (EV)
1 |
872,716
|
1,129,926
|
1,648,723
|
1,510,749
|
1,697,094
|
1,833,379
|
1,613,466
|
1,578,484
|
P/E ratio
|
30.8
x
|
35.9
x
|
47.4
x
|
37.6
x
|
37
x
|
34.8
x
|
29.1
x
|
26.3
x
|
Yield
|
1.21%
|
1.13%
|
0.91%
|
1.17%
|
1.2%
|
1.32%
|
1.62%
|
1.86%
|
Capitalization / Revenue
|
13.4
x
|
15.6
x
|
21.5
x
|
18.3
x
|
18.5
x
|
18
x
|
14.7
x
|
13.4
x
|
EV / Revenue
|
11.8
x
|
14
x
|
19.7
x
|
16.9
x
|
16.9
x
|
16.4
x
|
13.1
x
|
11.7
x
|
EV / EBITDA
|
22.6
x
|
25.6
x
|
32.8
x
|
26.7
x
|
26.1
x
|
25
x
|
19.9
x
|
17.6
x
|
EV / FCF
|
45.2
x
|
37.8
x
|
40.6
x
|
-297
x
|
32.8
x
|
34.2
x
|
25.4
x
|
23.1
x
|
FCF Yield
|
2.21%
|
2.64%
|
2.46%
|
-0.34%
|
3.05%
|
2.92%
|
3.93%
|
4.34%
|
Price to Book
|
4.54
x
|
5.28
x
|
6.76
x
|
5.56
x
|
5.65
x
|
5.03
x
|
4.26
x
|
4
x
|
Nbr of stocks (in thousands)
|
88,951
|
88,950
|
88,950
|
88,678
|
88,680
|
87,975
|
-
|
-
|
Reference price
2 |
11,160
|
14,160
|
20,230
|
18,420
|
20,900
|
20,650
|
20,650
|
20,650
|
Announcement Date
|
4/23/19
|
4/23/20
|
4/22/21
|
4/21/22
|
4/25/23
|
4/23/24
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
74,163
|
80,488
|
83,862
|
89,476
|
100,167
|
111,590
|
123,379
|
135,078
|
EBITDA
1 |
38,538
|
44,145
|
50,317
|
56,564
|
65,001
|
73,442
|
81,228
|
89,536
|
EBIT
1 |
37,939
|
43,238
|
48,077
|
54,135
|
62,490
|
70,910
|
79,342
|
87,980
|
Operating Margin
|
51.16%
|
53.72%
|
57.33%
|
60.5%
|
62.39%
|
63.55%
|
64.31%
|
65.13%
|
Earnings before Tax (EBT)
1 |
43,985
|
47,905
|
52,884
|
59,793
|
70,225
|
81,078
|
87,799
|
96,591
|
Net income
1 |
32,223
|
35,096
|
38,001
|
43,500
|
50,116
|
58,007
|
62,864
|
69,334
|
Net margin
|
43.45%
|
43.6%
|
45.31%
|
48.62%
|
50.03%
|
51.98%
|
50.95%
|
51.33%
|
EPS
2 |
362.3
|
394.6
|
427.2
|
490.0
|
565.1
|
654.6
|
710.6
|
783.8
|
Free Cash Flow
1 |
19,307
|
29,855
|
40,592
|
-5,081
|
51,678
|
53,625
|
63,423
|
68,440
|
FCF margin
|
26.03%
|
37.09%
|
48.4%
|
-5.68%
|
51.59%
|
48.06%
|
51.4%
|
50.67%
|
FCF Conversion (EBITDA)
|
50.1%
|
67.63%
|
80.67%
|
-
|
79.5%
|
73.02%
|
78.08%
|
76.44%
|
FCF Conversion (Net income)
|
59.92%
|
85.07%
|
106.82%
|
-
|
103.12%
|
92.45%
|
100.89%
|
98.71%
|
Dividend per Share
2 |
135.0
|
160.0
|
185.0
|
215.0
|
250.0
|
300.0
|
334.5
|
383.1
|
Announcement Date
|
4/23/19
|
4/23/20
|
4/22/21
|
4/21/22
|
4/25/23
|
4/23/24
|
-
|
-
|
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
|
2025 Q1
|
2025 Q2
|
2025 S1
|
2025 Q3
|
2025 Q4
|
---|
Net sales
1 |
40,059
|
40,429
|
41,015
|
42,847
|
22,461
|
43,559
|
23,095
|
22,822
|
45,917
|
24,106
|
24,970
|
49,076
|
25,445
|
25,646
|
51,091
|
27,094
|
28,240
|
55,334
|
28,251
|
28,005
|
29,683
|
30,826
|
60,300
|
31,107
|
28,176
|
EBITDA
1 |
-
|
-
|
-
|
-
|
14,236
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
18,750
|
18,065
|
19,892
|
20,500
|
-
|
20,819
|
8,320
|
EBIT
1 |
21,656
|
21,582
|
23,887
|
24,190
|
13,640
|
26,371
|
14,068
|
13,696
|
27,764
|
15,072
|
15,646
|
30,718
|
16,108
|
15,664
|
31,772
|
17,430
|
17,951
|
35,381
|
18,117
|
17,412
|
19,296
|
19,773
|
40,150
|
19,991
|
19,445
|
Operating Margin
|
54.06%
|
53.38%
|
58.24%
|
56.46%
|
60.73%
|
60.54%
|
60.91%
|
60.01%
|
60.47%
|
62.52%
|
62.66%
|
62.59%
|
63.31%
|
61.08%
|
62.19%
|
64.33%
|
63.57%
|
63.94%
|
64.13%
|
62.17%
|
65.01%
|
64.14%
|
66.58%
|
64.27%
|
69.01%
|
Earnings before Tax (EBT)
1 |
25,704
|
22,201
|
26,431
|
-
|
14,671
|
28,937
|
15,551
|
15,305
|
30,856
|
18,485
|
16,577
|
35,062
|
18,173
|
16,990
|
35,163
|
20,728
|
19,262
|
39,990
|
21,170
|
19,918
|
22,580
|
21,200
|
43,780
|
23,240
|
21,180
|
Net income
1 |
19,147
|
15,949
|
19,107
|
18,894
|
10,485
|
21,277
|
11,135
|
11,088
|
22,223
|
13,130
|
11,774
|
24,904
|
12,920
|
12,292
|
25,212
|
14,663
|
13,734
|
28,397
|
15,151
|
14,459
|
15,531
|
15,020
|
31,900
|
15,896
|
15,404
|
Net margin
|
47.8%
|
39.45%
|
46.59%
|
44.1%
|
46.68%
|
48.85%
|
48.21%
|
48.58%
|
48.4%
|
54.47%
|
47.15%
|
50.75%
|
50.78%
|
47.93%
|
49.35%
|
54.12%
|
48.63%
|
51.32%
|
53.63%
|
51.63%
|
52.32%
|
48.73%
|
52.9%
|
51.1%
|
54.67%
|
EPS
2 |
215.3
|
179.3
|
214.8
|
-
|
118.0
|
239.4
|
125.6
|
125.0
|
250.6
|
148.1
|
132.8
|
280.8
|
145.7
|
138.6
|
-
|
165.4
|
154.9
|
320.2
|
170.8
|
163.5
|
163.2
|
165.2
|
-
|
164.8
|
174.9
|
Dividend per Share
2 |
70.00
|
-
|
80.00
|
-
|
-
|
92.50
|
-
|
122.5
|
-
|
-
|
110.0
|
110.0
|
-
|
140.0
|
-
|
-
|
-
|
130.0
|
-
|
170.0
|
-
|
160.0
|
150.0
|
-
|
190.0
|
Announcement Date
|
10/28/19
|
4/23/20
|
10/26/20
|
4/22/21
|
10/26/21
|
10/26/21
|
1/25/22
|
4/21/22
|
4/21/22
|
7/21/22
|
10/25/22
|
10/25/22
|
1/24/23
|
4/25/23
|
4/25/23
|
7/25/23
|
10/24/23
|
10/24/23
|
1/24/24
|
4/23/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
119,972
|
129,612
|
150,745
|
122,699
|
156,321
|
170,244
|
203,210
|
238,193
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
19,307
|
29,855
|
40,592
|
-5,081
|
51,678
|
53,625
|
63,423
|
68,440
|
ROE (net income / shareholders' equity)
|
15.5%
|
15.4%
|
15.1%
|
15.5%
|
16.1%
|
16%
|
15.7%
|
16.2%
|
ROA (Net income/ Total Assets)
|
18%
|
18.1%
|
18.7%
|
19.3%
|
20.3%
|
19.6%
|
13.1%
|
13.2%
|
Assets
1 |
179,137
|
194,314
|
203,317
|
224,890
|
246,442
|
296,240
|
479,878
|
527,252
|
Book Value Per Share
2 |
2,456
|
2,680
|
2,991
|
3,310
|
3,697
|
4,532
|
4,849
|
5,160
|
Cash Flow per Share
2 |
369.0
|
405.0
|
452.0
|
517.0
|
593.0
|
683.0
|
618.0
|
680.0
|
Capex
1 |
10,536
|
2,144
|
1,085
|
1,910
|
1,660
|
3,727
|
2,731
|
2,938
|
Capex / Sales
|
14.21%
|
2.66%
|
1.29%
|
2.13%
|
1.66%
|
3.34%
|
2.21%
|
2.18%
|
Announcement Date
|
4/23/19
|
4/23/20
|
4/22/21
|
4/21/22
|
4/25/23
|
4/23/24
|
-
|
-
|
Last Close Price
20,650
JPY Average target price
23,973
JPY Spread / Average Target +16.09% Consensus |
1st Jan change
|
Capi.
|
---|
| -15.00% | 11.38B | | -14.41% | 188B | | +1.84% | 166B | | +0.70% | 151B | | +3.89% | 101B | | +5.59% | 77.06B | | +18.89% | 71.46B | | -8.33% | 70.46B | | -20.72% | 52.14B | | -7.19% | 44.34B |
Other IT Services & Consulting
|