Market Closed -
Japan Exchange
02:00:00 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
4,214
JPY
|
+3.64%
|
|
-3.15%
|
+16.41%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
3,177,145
|
2,068,543
|
2,929,211
|
2,899,801
|
3,575,836
|
4,162,584
|
-
|
-
|
Enterprise Value (EV)
1 |
3,161,938
|
2,057,857
|
2,749,080
|
2,944,208
|
3,588,005
|
4,047,216
|
3,918,629
|
3,856,814
|
P/E ratio
|
25.5
x
|
24.9
x
|
13.6
x
|
12.1
x
|
13.7
x
|
13.8
x
|
13.2
x
|
12.9
x
|
Yield
|
5.36%
|
4.04%
|
3.57%
|
4.2%
|
3.87%
|
3.6%
|
3.76%
|
3.94%
|
Capitalization / Revenue
|
0.88
x
|
0.65
x
|
0.83
x
|
0.72
x
|
0.86
x
|
0.96
x
|
0.95
x
|
0.94
x
|
EV / Revenue
|
0.88
x
|
0.65
x
|
0.78
x
|
0.73
x
|
0.86
x
|
0.94
x
|
0.9
x
|
0.87
x
|
EV / EBITDA
|
7.67
x
|
6.08
x
|
5.46
x
|
5.08
x
|
5.84
x
|
6.15
x
|
5.73
x
|
5.49
x
|
EV / FCF
|
24.3
x
|
12
x
|
10
x
|
36
x
|
20.4
x
|
13.7
x
|
12.3
x
|
11.5
x
|
FCF Yield
|
4.11%
|
8.36%
|
9.96%
|
2.78%
|
4.9%
|
7.32%
|
8.13%
|
8.66%
|
Price to Book
|
1.18
x
|
0.8
x
|
1.02
x
|
0.93
x
|
1.07
x
|
1.19
x
|
1.15
x
|
1.1
x
|
Nbr of stocks (in thousands)
|
1,063,836
|
1,045,775
|
1,045,773
|
1,015,514
|
987,800
|
987,799
|
-
|
-
|
Reference price
2 |
2,986
|
1,978
|
2,801
|
2,856
|
3,620
|
4,214
|
4,214
|
4,214
|
Announcement Date
|
1/29/20
|
1/28/21
|
1/27/22
|
1/30/23
|
1/30/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,593,300
|
3,160,243
|
3,513,357
|
4,031,414
|
4,180,972
|
4,323,396
|
4,374,024
|
4,432,908
|
EBITDA
1 |
412,000
|
338,372
|
503,164
|
579,891
|
614,042
|
658,584
|
684,153
|
702,793
|
EBIT
1 |
174,700
|
110,547
|
281,918
|
353,399
|
375,366
|
420,774
|
435,235
|
443,228
|
Operating Margin
|
4.86%
|
3.5%
|
8.02%
|
8.77%
|
8.98%
|
9.73%
|
9.95%
|
10%
|
Earnings before Tax (EBT)
1 |
195,700
|
130,280
|
302,706
|
352,440
|
390,767
|
438,764
|
452,803
|
463,844
|
Net income
1 |
125,100
|
83,318
|
214,718
|
243,961
|
264,513
|
299,991
|
310,180
|
313,995
|
Net margin
|
3.48%
|
2.64%
|
6.11%
|
6.05%
|
6.33%
|
6.94%
|
7.09%
|
7.08%
|
EPS
2 |
116.9
|
79.37
|
205.4
|
236.7
|
264.2
|
304.5
|
318.4
|
327.9
|
Free Cash Flow
1 |
129,900
|
172,078
|
273,678
|
81,783
|
175,818
|
296,221
|
318,774
|
333,976
|
FCF margin
|
3.62%
|
5.45%
|
7.79%
|
2.03%
|
4.21%
|
6.85%
|
7.29%
|
7.53%
|
FCF Conversion (EBITDA)
|
31.53%
|
50.85%
|
54.39%
|
14.1%
|
28.63%
|
44.98%
|
46.59%
|
47.52%
|
FCF Conversion (Net income)
|
103.84%
|
206.53%
|
127.46%
|
33.52%
|
66.47%
|
98.74%
|
102.77%
|
106.36%
|
Dividend per Share
2 |
160.0
|
80.00
|
100.0
|
120.0
|
140.0
|
151.5
|
158.6
|
166.0
|
Announcement Date
|
1/29/20
|
1/28/21
|
1/27/22
|
1/30/23
|
1/30/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
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
|
---|
Net sales
1 |
1,822,965
|
1,455,627
|
1,704,616
|
1,724,584
|
833,324
|
955,449
|
1,788,773
|
879,350
|
998,799
|
1,878,149
|
996,090
|
1,157,175
|
2,153,265
|
971,125
|
1,020,882
|
1,992,007
|
1,025,247
|
1,163,718
|
2,188,965
|
988,519
|
1,053,771
|
2,052,500
|
1,060,986
|
1,200,297
|
2,320,000
|
1,022,400
|
EBITDA
|
-
|
-
|
-
|
-
|
113,126
|
135,231
|
-
|
130,490
|
155,227
|
-
|
136,563
|
157,611
|
-
|
136,947
|
150,998
|
-
|
145,540
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
91,145
|
15,122
|
95,425
|
147,833
|
58,728
|
75,357
|
134,085
|
76,140
|
98,475
|
174,615
|
81,440
|
97,344
|
178,784
|
84,475
|
92,274
|
176,749
|
82,624
|
115,993
|
198,617
|
80,083
|
99,486
|
187,500
|
101,757
|
126,160
|
238,000
|
87,100
|
Operating Margin
|
5%
|
1.04%
|
5.6%
|
8.57%
|
7.05%
|
7.89%
|
7.5%
|
8.66%
|
9.86%
|
9.3%
|
8.18%
|
8.41%
|
8.3%
|
8.7%
|
9.04%
|
8.87%
|
8.06%
|
9.97%
|
9.07%
|
8.1%
|
9.44%
|
9.14%
|
9.59%
|
10.51%
|
10.26%
|
8.52%
|
Earnings before Tax (EBT)
1 |
98,552
|
27,288
|
102,992
|
151,821
|
79,326
|
71,559
|
150,885
|
67,697
|
85,196
|
152,893
|
79,076
|
120,471
|
199,547
|
87,534
|
101,128
|
188,662
|
87,320
|
114,785
|
202,105
|
89,222
|
103,000
|
324,000
|
96,500
|
139,000
|
251,000
|
-
|
Net income
1 |
59,322
|
13,071
|
70,247
|
105,603
|
49,317
|
59,798
|
109,115
|
45,975
|
59,025
|
105,000
|
54,118
|
84,843
|
138,961
|
56,410
|
65,403
|
121,813
|
62,134
|
80,566
|
142,700
|
59,949
|
71,843
|
136,180
|
67,363
|
87,805
|
175,805
|
64,100
|
Net margin
|
3.25%
|
0.9%
|
4.12%
|
6.12%
|
5.92%
|
6.26%
|
6.1%
|
5.23%
|
5.91%
|
5.59%
|
5.43%
|
7.33%
|
6.45%
|
5.81%
|
6.41%
|
6.12%
|
6.06%
|
6.92%
|
6.52%
|
6.06%
|
6.82%
|
6.63%
|
6.35%
|
7.32%
|
7.58%
|
6.27%
|
EPS
2 |
55.71
|
12.41
|
66.96
|
101.0
|
47.16
|
57.20
|
104.4
|
43.97
|
56.85
|
100.8
|
52.90
|
82.99
|
135.9
|
55.56
|
64.80
|
120.4
|
62.62
|
81.22
|
143.8
|
60.70
|
72.10
|
137.0
|
69.30
|
108.6
|
178.0
|
-
|
Dividend per Share
2 |
80.00
|
40.00
|
40.00
|
45.00
|
-
|
55.00
|
55.00
|
-
|
60.00
|
60.00
|
-
|
60.00
|
60.00
|
-
|
70.00
|
70.00
|
-
|
70.00
|
70.00
|
-
|
80.00
|
80.00
|
-
|
80.00
|
80.00
|
-
|
Announcement Date
|
1/29/20
|
7/28/20
|
1/28/21
|
7/28/21
|
10/26/21
|
1/27/22
|
1/27/22
|
4/26/22
|
7/26/22
|
7/26/22
|
10/26/22
|
1/30/23
|
1/30/23
|
4/26/23
|
7/27/23
|
7/27/23
|
10/26/23
|
1/30/24
|
1/30/24
|
4/24/24
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
44,407
|
12,169
|
-
|
-
|
-
|
Net Cash position
1 |
15,207
|
10,686
|
180,131
|
-
|
-
|
115,368
|
243,955
|
305,770
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
0.0766
x
|
0.0198
x
|
-
|
-
|
-
|
Free Cash Flow
1 |
129,900
|
172,078
|
273,678
|
81,783
|
175,818
|
296,221
|
318,774
|
333,976
|
ROE (net income / shareholders' equity)
|
4.5%
|
3.2%
|
7.9%
|
8.1%
|
8.2%
|
8.7%
|
8.91%
|
8.8%
|
ROA (Net income/ Total Assets)
|
4.05%
|
2.77%
|
6.46%
|
7.16%
|
7.43%
|
6.39%
|
6.42%
|
6.7%
|
Assets
1 |
3,089,415
|
3,003,858
|
3,325,512
|
3,407,871
|
3,557,860
|
4,694,114
|
4,832,223
|
4,689,466
|
Book Value Per Share
2 |
2,531
|
2,463
|
2,748
|
3,066
|
3,395
|
3,543
|
3,660
|
3,847
|
Cash Flow per Share
2 |
339.0
|
296.0
|
417.0
|
456.0
|
503.0
|
541.0
|
569.0
|
589.0
|
Capex
1 |
178,100
|
161,727
|
179,000
|
183,291
|
231,725
|
231,617
|
234,883
|
239,325
|
Capex / Sales
|
4.96%
|
5.12%
|
5.09%
|
4.55%
|
5.54%
|
5.36%
|
5.37%
|
5.4%
|
Announcement Date
|
1/29/20
|
1/28/21
|
1/27/22
|
1/30/23
|
1/30/24
|
-
|
-
|
-
|
Last Close Price
4,214
JPY Average target price
4,308
JPY Spread / Average Target +2.24% Consensus |
1st Jan change
|
Capi.
|
---|
| +16.41% | 26.44B | | +23.59% | 5.15B | | +24.24% | 4.54B | | +25.80% | 1.63B | | -16.19% | 1.08B | | +8.01% | 1.06B | | -35.45% | 910M | | -6.14% | 734M | | +2.55% | 447M | | -18.64% | 315M |
Other Office Equipment
|