Market Closed -
Japan Exchange
02:00:00 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
4,350
JPY
|
+1.56%
|
|
+3.08%
|
+1.83%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,335,523
|
1,777,883
|
2,119,873
|
2,098,244
|
2,051,729
|
2,783,233
|
-
|
-
|
Enterprise Value (EV)
1 |
2,830,418
|
2,622,365
|
3,066,683
|
3,287,091
|
3,642,146
|
4,407,792
|
4,422,028
|
4,458,595
|
P/E ratio
|
9.85
x
|
7.61
x
|
10.9
x
|
9.31
x
|
6.64
x
|
10.4
x
|
10.2
x
|
9.2
x
|
Yield
|
3.24%
|
4.3%
|
3.58%
|
3.94%
|
4.17%
|
3.26%
|
3.49%
|
3.91%
|
Capitalization / Revenue
|
0.56
x
|
0.41
x
|
0.51
x
|
0.47
x
|
0.42
x
|
0.55
x
|
0.54
x
|
0.52
x
|
EV / Revenue
|
0.68
x
|
0.6
x
|
0.74
x
|
0.74
x
|
0.74
x
|
0.88
x
|
0.86
x
|
0.84
x
|
EV / EBITDA
|
6.39
x
|
5.75
x
|
7.04
x
|
6.8
x
|
6.29
x
|
8.63
x
|
8.21
x
|
7.67
x
|
EV / FCF
|
45.3
x
|
-11.7
x
|
76
x
|
-25.1
x
|
-12.7
x
|
12.3
x
|
203
x
|
110
x
|
FCF Yield
|
2.21%
|
-8.55%
|
1.32%
|
-3.98%
|
-7.9%
|
8.15%
|
0.49%
|
0.91%
|
Price to Book
|
1.46
x
|
1.03
x
|
1.16
x
|
1.04
x
|
0.9
x
|
1.18
x
|
1.1
x
|
1.02
x
|
Nbr of stocks (in thousands)
|
663,689
|
664,009
|
654,080
|
655,497
|
658,872
|
639,824
|
-
|
-
|
Reference price
2 |
3,519
|
2,678
|
3,241
|
3,201
|
3,114
|
4,350
|
4,350
|
4,350
|
Announcement Date
|
5/13/19
|
5/14/20
|
5/14/21
|
5/13/22
|
5/12/23
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
4,143,505
|
4,380,209
|
4,126,769
|
4,439,536
|
4,908,199
|
5,019,903
|
5,130,109
|
5,307,090
|
EBITDA
1 |
443,215
|
456,321
|
435,524
|
483,584
|
578,834
|
511,043
|
538,774
|
581,339
|
EBIT
1 |
372,195
|
381,114
|
357,121
|
383,256
|
465,370
|
393,441
|
419,410
|
458,479
|
Operating Margin
|
8.98%
|
8.7%
|
8.65%
|
8.63%
|
9.48%
|
7.84%
|
8.18%
|
8.64%
|
Earnings before Tax (EBT)
1 |
352,230
|
349,683
|
311,210
|
353,300
|
440,496
|
403,120
|
404,200
|
442,240
|
Net income
1 |
237,439
|
233,603
|
195,076
|
225,272
|
308,399
|
271,546
|
272,264
|
300,566
|
Net margin
|
5.73%
|
5.33%
|
4.73%
|
5.07%
|
6.28%
|
5.41%
|
5.31%
|
5.66%
|
EPS
2 |
357.3
|
351.8
|
297.2
|
343.8
|
469.1
|
418.1
|
425.3
|
472.9
|
Free Cash Flow
1 |
62,448
|
-224,200
|
40,334
|
-130,987
|
-287,845
|
359,300
|
21,800
|
40,600
|
FCF margin
|
1.51%
|
-5.12%
|
0.98%
|
-2.95%
|
-5.86%
|
7.16%
|
0.42%
|
0.77%
|
FCF Conversion (EBITDA)
|
14.09%
|
-
|
9.26%
|
-
|
-
|
70.31%
|
4.05%
|
6.98%
|
FCF Conversion (Net income)
|
26.3%
|
-
|
20.68%
|
-
|
-
|
132.32%
|
8.01%
|
13.51%
|
Dividend per Share
2 |
114.0
|
115.0
|
116.0
|
126.0
|
130.0
|
142.0
|
152.0
|
170.0
|
Announcement Date
|
5/13/19
|
5/14/20
|
5/14/21
|
5/13/22
|
5/12/23
|
-
|
-
|
-
|
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
|
2024 S2
|
2025 Q1
|
2025 Q2
|
2025 Q3
|
2025 Q4
|
---|
Net sales
1 |
2,179,389
|
2,200,820
|
1,966,448
|
2,160,321
|
1,121,524
|
2,042,182
|
1,105,003
|
1,292,351
|
2,397,354
|
1,007,795
|
1,253,534
|
2,261,329
|
1,160,352
|
1,486,518
|
2,646,870
|
1,214,595
|
1,330,232
|
2,544,827
|
1,211,637
|
1,283,114
|
2,550,173
|
1,280,582
|
1,377,375
|
1,261,670
|
-
|
EBITDA
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
127,233
|
-
|
-
|
138,035
|
-
|
133,673
|
136,483
|
133,695
|
-
|
EBIT
1 |
209,324
|
171,790
|
156,024
|
201,097
|
101,921
|
160,361
|
93,505
|
129,390
|
222,895
|
59,694
|
94,945
|
154,639
|
68,086
|
242,645
|
310,731
|
93,075
|
98,088
|
191,163
|
93,817
|
106,248
|
201,137
|
103,691
|
106,501
|
103,713
|
-
|
Operating Margin
|
9.6%
|
7.81%
|
7.93%
|
9.31%
|
9.09%
|
7.85%
|
8.46%
|
10.01%
|
9.3%
|
5.92%
|
7.57%
|
6.84%
|
5.87%
|
16.32%
|
11.74%
|
7.66%
|
7.37%
|
7.51%
|
7.74%
|
8.28%
|
7.89%
|
8.1%
|
7.73%
|
8.22%
|
-
|
Earnings before Tax (EBT)
1 |
207,448
|
-
|
143,971
|
-
|
103,056
|
163,539
|
92,471
|
97,290
|
-
|
57,715
|
100,292
|
158,007
|
64,662
|
217,827
|
-
|
90,843
|
140,433
|
231,276
|
91,873
|
82,476
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
147,390
|
86,213
|
91,329
|
103,747
|
68,997
|
107,582
|
59,912
|
57,778
|
117,690
|
36,533
|
69,461
|
105,994
|
60,269
|
142,136
|
202,405
|
60,007
|
94,481
|
154,488
|
61,796
|
54,975
|
118,612
|
70,736
|
70,776
|
69,079
|
-
|
Net margin
|
6.76%
|
3.92%
|
4.64%
|
4.8%
|
6.15%
|
5.27%
|
5.42%
|
4.47%
|
4.91%
|
3.63%
|
5.54%
|
4.69%
|
5.19%
|
9.56%
|
7.65%
|
4.94%
|
7.1%
|
6.07%
|
5.1%
|
4.28%
|
4.65%
|
5.52%
|
5.14%
|
5.48%
|
-
|
EPS
2 |
222.0
|
-
|
138.7
|
-
|
105.3
|
164.3
|
91.41
|
88.14
|
-
|
55.72
|
105.8
|
161.5
|
91.54
|
216.0
|
-
|
91.14
|
143.7
|
234.8
|
94.07
|
85.41
|
-
|
110.6
|
110.6
|
108.0
|
-
|
Dividend per Share
2 |
55.00
|
-
|
50.00
|
-
|
55.00
|
55.00
|
-
|
71.00
|
-
|
-
|
60.00
|
60.00
|
-
|
70.00
|
-
|
-
|
63.00
|
63.00
|
-
|
74.50
|
-
|
-
|
75.00
|
-
|
75.00
|
Announcement Date
|
11/8/19
|
5/14/20
|
11/11/20
|
5/14/21
|
11/9/21
|
11/9/21
|
2/10/22
|
5/13/22
|
5/13/22
|
8/9/22
|
11/10/22
|
11/10/22
|
2/10/23
|
5/12/23
|
5/12/23
|
8/7/23
|
11/10/23
|
11/10/23
|
2/9/24
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
494,895
|
844,482
|
946,810
|
1,188,847
|
1,590,417
|
1,624,559
|
1,638,794
|
1,675,362
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.117
x
|
1.851
x
|
2.174
x
|
2.458
x
|
2.748
x
|
3.179
x
|
3.042
x
|
2.882
x
|
Free Cash Flow
1 |
62,448
|
-224,200
|
40,334
|
-130,987
|
-287,845
|
359,300
|
21,800
|
40,600
|
ROE (net income / shareholders' equity)
|
15.5%
|
14.1%
|
11%
|
11.7%
|
14.3%
|
11.7%
|
11.1%
|
11.5%
|
ROA (Net income/ Total Assets)
|
8.59%
|
8.21%
|
6.98%
|
7.12%
|
7.82%
|
5.18%
|
5.2%
|
5.5%
|
Assets
1 |
2,764,133
|
2,846,876
|
2,794,929
|
3,165,729
|
3,944,064
|
5,247,261
|
5,235,848
|
5,464,836
|
Book Value Per Share
2 |
2,404
|
2,601
|
2,805
|
3,081
|
3,467
|
3,684
|
3,969
|
4,272
|
Cash Flow per Share
2 |
464.0
|
465.0
|
417.0
|
497.0
|
642.0
|
610.0
|
609.0
|
676.0
|
Capex
1 |
293,151
|
373,851
|
372,904
|
425,807
|
518,143
|
463,333
|
525,000
|
530,000
|
Capex / Sales
|
7.07%
|
8.54%
|
9.04%
|
9.59%
|
10.56%
|
9.23%
|
10.23%
|
9.99%
|
Announcement Date
|
5/13/19
|
5/14/20
|
5/14/21
|
5/13/22
|
5/12/23
|
-
|
-
|
-
|
Last Close Price
4,350
JPY Average target price
4,680
JPY Spread / Average Target +7.59% Consensus |
1st Jan change
|
Capi.
|
---|
| +1.83% | 17.68B | | -4.38% | 47.86B | | +10.25% | 23.94B | | +13.06% | 14.58B | | +16.96% | 12.52B | | +0.30% | 6.2B | | +12.71% | 6.16B | | +7.89% | 6.11B | | +9.62% | 5.96B | | -8.67% | 5.92B |
Other Homebuilding
|