Market Closed -
Japan Exchange
02:00:00 2024-05-21 am EDT
|
5-day change
|
1st Jan Change
|
1,061
JPY
|
+0.52%
|
|
-5.90%
|
+12.87%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
256,999
|
208,470
|
237,930
|
193,645
|
212,766
|
262,811
|
-
|
-
|
Enterprise Value (EV)
1 |
503,534
|
482,232
|
506,490
|
476,135
|
383,073
|
289,810
|
590,509
|
591,282
|
P/E ratio
|
15
x
|
7.5
x
|
8.32
x
|
6.87
x
|
10.4
x
|
8.78
x
|
6.96
x
|
6.37
x
|
Yield
|
1.35%
|
2.38%
|
2.5%
|
3.07%
|
2.79%
|
2.56%
|
2.87%
|
3.22%
|
Capitalization / Revenue
|
0.39
x
|
0.3
x
|
0.35
x
|
0.26
x
|
0.25
x
|
0.32
x
|
0.27
x
|
0.26
x
|
EV / Revenue
|
0.77
x
|
0.71
x
|
0.74
x
|
0.64
x
|
0.45
x
|
0.32
x
|
0.61
x
|
0.59
x
|
EV / EBITDA
|
8.75
x
|
6.32
x
|
6.49
x
|
6.35
x
|
5.41
x
|
6
x
|
5.56
x
|
5.15
x
|
EV / FCF
|
41.4
x
|
21.5
x
|
25.3
x
|
148
x
|
-26.3
x
|
18.3
x
|
42.9
x
|
38.2
x
|
FCF Yield
|
2.42%
|
4.64%
|
3.95%
|
0.67%
|
-3.81%
|
5.45%
|
2.33%
|
2.62%
|
Price to Book
|
0.97
x
|
0.75
x
|
0.76
x
|
0.57
x
|
0.57
x
|
0.68
x
|
0.61
x
|
0.56
x
|
Nbr of stocks (in thousands)
|
247,590
|
247,588
|
247,586
|
247,628
|
247,691
|
247,701
|
-
|
-
|
Reference price
2 |
1,038
|
842.0
|
961.0
|
782.0
|
859.0
|
1,061
|
1,061
|
1,061
|
Announcement Date
|
5/10/19
|
5/13/20
|
5/13/21
|
5/13/22
|
5/12/23
|
5/10/24
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
653,107
|
683,780
|
680,714
|
746,926
|
846,080
|
900,791
|
972,000
|
1,004,667
|
EBITDA
1 |
57,551
|
76,303
|
78,052
|
75,002
|
70,805
|
98,630
|
106,245
|
114,775
|
EBIT
1 |
25,292
|
41,227
|
39,938
|
33,279
|
25,957
|
48,855
|
55,729
|
61,400
|
Operating Margin
|
3.87%
|
6.03%
|
5.87%
|
4.46%
|
3.07%
|
5.42%
|
5.73%
|
6.11%
|
Earnings before Tax (EBT)
1 |
25,075
|
41,090
|
41,204
|
41,437
|
30,857
|
50,290
|
56,233
|
63,225
|
Net income
1 |
17,163
|
27,790
|
28,599
|
28,188
|
20,425
|
33,025
|
38,006
|
41,250
|
Net margin
|
2.63%
|
4.06%
|
4.2%
|
3.77%
|
2.41%
|
3.67%
|
3.91%
|
4.11%
|
EPS
2 |
69.32
|
112.2
|
115.5
|
113.8
|
82.47
|
133.3
|
152.5
|
166.5
|
Free Cash Flow
1 |
12,172
|
22,379
|
19,993
|
3,213
|
-14,580
|
15,795
|
13,760
|
15,469
|
FCF margin
|
1.86%
|
3.27%
|
2.94%
|
0.43%
|
-1.72%
|
1.75%
|
1.42%
|
1.54%
|
FCF Conversion (EBITDA)
|
21.15%
|
29.33%
|
25.61%
|
4.28%
|
-
|
-
|
12.95%
|
13.48%
|
FCF Conversion (Net income)
|
70.92%
|
80.53%
|
69.91%
|
11.4%
|
-
|
47.83%
|
36.21%
|
37.5%
|
Dividend per Share
2 |
14.00
|
20.00
|
24.00
|
24.00
|
24.00
|
30.00
|
30.40
|
34.17
|
Announcement Date
|
5/10/19
|
5/13/20
|
5/13/21
|
5/13/22
|
5/12/23
|
5/10/24
|
-
|
-
|
Fiscal Period: March |
2020 S1
|
2020 S2
|
2021 S1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
2025 Q3
|
2025 Q4
|
---|
Net sales
1 |
337,977
|
345,803
|
329,427
|
182,797
|
363,575
|
195,279
|
188,072
|
383,351
|
200,139
|
213,367
|
413,506
|
231,788
|
200,786
|
223,802
|
229,072
|
452,874
|
238,868
|
209,049
|
240,000
|
245,000
|
259,100
|
242,600
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
21,222
|
20,005
|
17,834
|
9,033
|
20,295
|
9,417
|
3,567
|
12,984
|
7,733
|
7,795
|
15,528
|
8,088
|
2,341
|
13,586
|
12,089
|
25,675
|
17,073
|
6,107
|
14,100
|
14,800
|
19,200
|
10,800
|
Operating Margin
|
6.28%
|
5.79%
|
5.41%
|
4.94%
|
5.58%
|
4.82%
|
1.9%
|
3.39%
|
3.86%
|
3.65%
|
3.76%
|
3.49%
|
1.17%
|
6.07%
|
5.28%
|
5.67%
|
7.15%
|
2.92%
|
5.88%
|
6.04%
|
7.41%
|
4.45%
|
Earnings before Tax (EBT)
|
21,457
|
-
|
18,489
|
-
|
27,123
|
10,179
|
-
|
-
|
10,060
|
-
|
18,256
|
7,694
|
-
|
14,489
|
-
|
27,234
|
20,914
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
14,877
|
12,913
|
12,983
|
6,750
|
19,078
|
6,787
|
2,323
|
9,110
|
6,503
|
-
|
12,041
|
5,422
|
-
|
9,619
|
8,790
|
18,409
|
14,572
|
44
|
-
|
-
|
-
|
-
|
Net margin
|
4.4%
|
3.73%
|
3.94%
|
3.69%
|
5.25%
|
3.48%
|
1.24%
|
2.38%
|
3.25%
|
-
|
2.91%
|
2.34%
|
-
|
4.3%
|
3.84%
|
4.06%
|
6.1%
|
0.02%
|
-
|
-
|
-
|
-
|
EPS
|
60.09
|
52.15
|
52.44
|
27.26
|
77.05
|
27.40
|
9.390
|
36.79
|
26.26
|
-
|
48.62
|
21.89
|
-
|
38.84
|
-
|
74.32
|
58.83
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
8.000
|
-
|
12.00
|
-
|
12.00
|
-
|
-
|
-
|
-
|
-
|
12.00
|
-
|
-
|
-
|
-
|
12.00
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
11/1/19
|
5/13/20
|
10/30/20
|
11/2/21
|
11/2/21
|
2/4/22
|
5/13/22
|
5/13/22
|
8/2/22
|
11/2/22
|
11/2/22
|
2/7/23
|
5/12/23
|
8/3/23
|
11/2/23
|
11/2/23
|
2/6/24
|
5/10/24
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
246,535
|
273,762
|
268,560
|
282,490
|
170,307
|
328,549
|
327,698
|
328,471
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
4.284
x
|
3.588
x
|
3.441
x
|
3.766
x
|
2.405
x
|
3.331
x
|
3.084
x
|
2.862
x
|
Free Cash Flow
1 |
12,172
|
22,379
|
19,993
|
3,213
|
-14,580
|
15,795
|
13,760
|
15,469
|
ROE (net income / shareholders' equity)
|
6.6%
|
10.3%
|
9.67%
|
8.6%
|
5.7%
|
8.3%
|
8.4%
|
8.99%
|
ROA (Net income/ Total Assets)
|
3.61%
|
5.44%
|
5.11%
|
4.06%
|
2.89%
|
4.31%
|
3.2%
|
3.39%
|
Assets
1 |
475,115
|
511,253
|
559,435
|
694,040
|
707,663
|
765,904
|
1,187,679
|
1,215,140
|
Book Value Per Share
2 |
1,066
|
1,124
|
1,266
|
1,381
|
1,505
|
1,717
|
1,733
|
1,881
|
Cash Flow per Share
2 |
200.0
|
254.0
|
269.0
|
282.0
|
264.0
|
330.0
|
323.0
|
-
|
Capex
1 |
36,512
|
38,700
|
47,143
|
49,509
|
58,694
|
73,833
|
72,880
|
75,675
|
Capex / Sales
|
5.59%
|
5.66%
|
6.93%
|
6.63%
|
6.94%
|
8.2%
|
7.5%
|
7.53%
|
Announcement Date
|
5/10/19
|
5/13/20
|
5/13/21
|
5/13/22
|
5/12/23
|
5/10/24
|
-
|
-
|
Last Close Price
1,061
JPY Average target price
1,366
JPY Spread / Average Target +28.72% Consensus |
1st Jan change
|
Capi.
|
---|
| +12.87% | 1.68B | | +10.88% | 16.18B | | +14.16% | 14.3B | | +26.81% | 13.55B | | +23.49% | 12.5B | | +10.22% | 11.89B | | -6.13% | 8.98B | | +11.50% | 8.39B | | -1.65% | 8.07B | | +19.49% | 6.58B |
Other Paper Packaging
|