Market Closed -
Japan Exchange
02:00:00 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
5,465
JPY
|
+0.90%
|
|
+3.13%
|
+3.94%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,282,605
|
2,150,506
|
2,267,161
|
2,087,025
|
2,664,130
|
2,769,002
|
-
|
-
|
Enterprise Value (EV)
1 |
3,177,330
|
3,925,670
|
3,810,621
|
3,546,896
|
4,014,983
|
3,996,405
|
3,864,382
|
3,697,689
|
P/E ratio
|
16.1
x
|
21.6
x
|
14.8
x
|
13.8
x
|
16.2
x
|
14
x
|
13.1
x
|
12.1
x
|
Yield
|
2.01%
|
2.5%
|
2.44%
|
2.74%
|
2.3%
|
2.45%
|
2.87%
|
3.17%
|
Capitalization / Revenue
|
1.09
x
|
1.06
x
|
1.01
x
|
0.83
x
|
0.96
x
|
0.95
x
|
0.93
x
|
0.91
x
|
EV / Revenue
|
1.52
x
|
1.94
x
|
1.7
x
|
1.41
x
|
1.45
x
|
1.38
x
|
1.3
x
|
1.22
x
|
EV / EBITDA
|
10.1
x
|
15.2
x
|
11
x
|
9.92
x
|
10.2
x
|
9.54
x
|
8.74
x
|
7.99
x
|
EV / FCF
|
24.6
x
|
-4.06
x
|
14.8
x
|
18
x
|
20.3
x
|
17.4
x
|
16.3
x
|
14.5
x
|
FCF Yield
|
4.06%
|
-24.6%
|
6.74%
|
5.55%
|
4.94%
|
5.73%
|
6.15%
|
6.91%
|
Price to Book
|
1.83
x
|
1.42
x
|
1.29
x
|
1.01
x
|
1.08
x
|
1.07
x
|
1.03
x
|
0.98
x
|
Nbr of stocks (in thousands)
|
458,079
|
506,717
|
506,741
|
506,683
|
506,681
|
506,679
|
-
|
-
|
Reference price
2 |
4,983
|
4,244
|
4,474
|
4,119
|
5,258
|
5,465
|
5,465
|
5,465
|
Announcement Date
|
2/13/20
|
2/12/21
|
2/15/22
|
2/14/23
|
2/13/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
2,089,048
|
2,027,762
|
2,236,076
|
2,511,108
|
2,769,091
|
2,904,716
|
2,971,219
|
3,034,103
|
EBITDA
1 |
314,472
|
258,444
|
346,715
|
357,467
|
392,991
|
418,705
|
442,171
|
462,830
|
EBIT
1 |
201,436
|
135,167
|
211,900
|
217,048
|
244,999
|
282,198
|
300,348
|
319,876
|
Operating Margin
|
9.64%
|
6.67%
|
9.48%
|
8.64%
|
8.85%
|
9.72%
|
10.11%
|
10.54%
|
Earnings before Tax (EBT)
1 |
197,391
|
125,399
|
199,826
|
205,992
|
241,871
|
278,016
|
294,829
|
316,854
|
Net income
1 |
142,207
|
92,826
|
153,500
|
151,555
|
164,073
|
198,146
|
211,005
|
226,855
|
Net margin
|
6.81%
|
4.58%
|
6.86%
|
6.04%
|
5.93%
|
6.82%
|
7.1%
|
7.48%
|
EPS
2 |
310.4
|
196.5
|
302.9
|
299.1
|
323.8
|
391.0
|
417.3
|
450.7
|
Free Cash Flow
1 |
129,086
|
-967,513
|
257,009
|
196,805
|
198,257
|
229,068
|
237,550
|
255,401
|
FCF margin
|
6.18%
|
-47.71%
|
11.49%
|
7.84%
|
7.16%
|
7.89%
|
8%
|
8.42%
|
FCF Conversion (EBITDA)
|
41.05%
|
-
|
74.13%
|
55.06%
|
50.45%
|
54.71%
|
53.72%
|
55.18%
|
FCF Conversion (Net income)
|
90.77%
|
-
|
167.43%
|
129.86%
|
120.83%
|
115.61%
|
112.58%
|
112.58%
|
Dividend per Share
2 |
100.0
|
106.0
|
109.0
|
113.0
|
121.0
|
133.9
|
156.9
|
173.0
|
Announcement Date
|
2/13/20
|
2/12/21
|
2/15/22
|
2/14/23
|
2/13/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q3
|
2021 Q4
|
2021 S2
|
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 Q1
|
2025 S1
|
2025 S2
|
2026 S1
|
---|
Net sales
1 |
874,289
|
-
|
1,033,595
|
586,708
|
615,773
|
1,202,481
|
496,863
|
654,477
|
1,151,340
|
698,604
|
661,164
|
1,359,768
|
556,335
|
696,665
|
1,253,000
|
770,004
|
746,087
|
1,516,091
|
595,237
|
737,812
|
1,315,100
|
804,797
|
766,355
|
-
|
-
|
-
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
97,136
|
72,741
|
-
|
42,728
|
108,036
|
-
|
117,323
|
89,380
|
206,703
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
45,318
|
-
|
109,413
|
62,855
|
39,632
|
-
|
9,044
|
72,362
|
81,406
|
82,146
|
53,496
|
135,642
|
32,013
|
64,059
|
96,072
|
93,321
|
55,606
|
-
|
33,250
|
77,000
|
-
|
97,000
|
75,700
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
5.18%
|
-
|
10.59%
|
10.71%
|
6.44%
|
-
|
1.82%
|
11.06%
|
7.07%
|
11.76%
|
8.09%
|
9.98%
|
5.75%
|
9.2%
|
7.67%
|
12.12%
|
7.45%
|
-
|
5.59%
|
10.44%
|
-
|
12.05%
|
9.88%
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
41,135
|
-
|
103,958
|
60,805
|
35,063
|
-
|
7,530
|
71,151
|
78,681
|
77,271
|
50,040
|
127,311
|
28,601
|
63,902
|
92,503
|
92,852
|
56,516
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
30,192
|
-
|
79,315
|
45,261
|
28,924
|
-
|
4,346
|
52,661
|
57,007
|
57,461
|
37,087
|
94,548
|
19,969
|
45,829
|
65,798
|
67,236
|
31,039
|
-
|
19,080
|
48,625
|
-
|
73,960
|
63,735
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
3.45%
|
-
|
7.67%
|
7.71%
|
4.7%
|
-
|
0.87%
|
8.05%
|
4.95%
|
8.23%
|
5.61%
|
6.95%
|
3.59%
|
6.58%
|
5.25%
|
8.73%
|
4.16%
|
-
|
3.21%
|
6.59%
|
-
|
9.19%
|
8.32%
|
-
|
-
|
-
|
-
|
-
|
EPS
2 |
65.91
|
-
|
156.5
|
89.31
|
57.08
|
-
|
8.580
|
103.9
|
112.5
|
113.4
|
73.19
|
-
|
39.41
|
90.45
|
129.9
|
132.7
|
61.26
|
-
|
41.52
|
100.2
|
-
|
138.8
|
114.2
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
53.00
|
53.00
|
54.00
|
-
|
55.00
|
55.00
|
-
|
-
|
55.00
|
-
|
-
|
58.00
|
-
|
-
|
56.00
|
-
|
65.00
|
65.00
|
-
|
66.00
|
68.00
|
-
|
66.00
|
68.00
|
-
|
73.00
|
73.00
|
76.00
|
Announcement Date
|
8/5/20
|
2/12/21
|
8/10/21
|
11/10/21
|
2/15/22
|
2/15/22
|
5/16/22
|
8/9/22
|
8/9/22
|
11/10/22
|
2/14/23
|
2/14/23
|
5/12/23
|
8/9/23
|
8/9/23
|
11/10/23
|
2/13/24
|
2/13/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
894,725
|
1,775,164
|
1,543,460
|
1,459,871
|
1,350,853
|
1,227,403
|
1,095,380
|
928,686
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.845
x
|
6.869
x
|
4.452
x
|
4.084
x
|
3.437
x
|
2.931
x
|
2.477
x
|
2.007
x
|
Free Cash Flow
1 |
129,086
|
-967,513
|
257,009
|
196,805
|
198,257
|
229,068
|
237,550
|
255,401
|
ROE (net income / shareholders' equity)
|
11.9%
|
6.7%
|
9.4%
|
7.9%
|
7.3%
|
7.84%
|
8.13%
|
8.25%
|
ROA (Net income/ Total Assets)
|
6.35%
|
3.31%
|
3.42%
|
4.39%
|
4.78%
|
4.65%
|
4.87%
|
5.28%
|
Assets
1 |
2,240,585
|
2,805,589
|
4,493,560
|
3,449,881
|
3,431,176
|
4,261,197
|
4,335,714
|
4,296,496
|
Book Value Per Share
2 |
2,721
|
2,992
|
3,467
|
4,067
|
4,856
|
5,117
|
5,293
|
5,557
|
Cash Flow per Share
2 |
557.0
|
458.0
|
569.0
|
576.0
|
616.0
|
679.0
|
727.0
|
676.0
|
Capex
1 |
124,383
|
116,576
|
80,803
|
83,049
|
149,290
|
126,300
|
117,067
|
120,450
|
Capex / Sales
|
5.95%
|
5.75%
|
3.61%
|
3.31%
|
5.39%
|
4.35%
|
3.94%
|
3.97%
|
Announcement Date
|
2/13/20
|
2/12/21
|
2/15/22
|
2/14/23
|
2/13/24
|
-
|
-
|
-
|
Last Close Price
5,465
JPY Average target price
6,807
JPY Spread / Average Target +24.55% Consensus |
1st Jan change
|
Capi.
|
---|
| +3.94% | 17.59B | | -3.94% | 119B | | +384.45% | 67.41B | | +7.57% | 47.58B | | -12.53% | 36.89B | | 0.00% | 23.13B | | +12.68% | 19.06B | | -25.17% | 18.42B | | +6.29% | 15.06B | | +2.17% | 13.27B |
Other Brewers
|