Market Closed -
Japan Exchange
02:00:00 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
168.2
JPY
|
-0.71%
|
|
+0.18%
|
-2.38%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
9,017,559
|
9,362,448
|
10,293,816
|
12,554,530
|
13,508,769
|
14,142,516
|
-
|
-
|
Enterprise Value (EV)
1 |
12,216,398
|
13,081,630
|
17,730,177
|
19,841,020
|
21,865,382
|
21,884,512
|
21,618,001
|
21,412,461
|
P/E ratio
|
10.7
x
|
11.1
x
|
11.5
x
|
10.8
x
|
11.4
x
|
11.2
x
|
10.8
x
|
10.3
x
|
Yield
|
3.83%
|
3.69%
|
3.69%
|
3.24%
|
3.03%
|
3.03%
|
3.19%
|
3.38%
|
Capitalization / Revenue
|
0.76
x
|
0.79
x
|
0.86
x
|
1.03
x
|
1.03
x
|
1.07
x
|
1.04
x
|
1.02
x
|
EV / Revenue
|
1.03
x
|
1.1
x
|
1.48
x
|
1.63
x
|
1.66
x
|
1.65
x
|
1.59
x
|
1.54
x
|
EV / EBITDA
|
4.04
x
|
4.32
x
|
5.58
x
|
5.96
x
|
6.65
x
|
6.26
x
|
5.98
x
|
5.73
x
|
EV / FCF
|
17.2
x
|
11
x
|
13.8
x
|
15.1
x
|
41.7
x
|
23.3
x
|
25.8
x
|
22.1
x
|
FCF Yield
|
5.81%
|
9.09%
|
7.22%
|
6.61%
|
2.4%
|
4.28%
|
3.87%
|
4.52%
|
Price to Book
|
0.97
x
|
1.03
x
|
1.36
x
|
1.52
x
|
1.58
x
|
1.54
x
|
1.44
x
|
1.33
x
|
Nbr of stocks (in thousands)
|
95,870,284
|
90,879,905
|
90,550,810
|
88,536,882
|
85,239,584
|
84,081,549
|
-
|
-
|
Reference price
2 |
94.06
|
103.0
|
113.7
|
141.8
|
158.5
|
168.2
|
168.2
|
168.2
|
Announcement Date
|
5/10/19
|
5/15/20
|
5/12/21
|
5/12/22
|
5/12/23
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
11,879,842
|
11,899,415
|
11,943,966
|
12,156,447
|
13,136,200
|
13,268,722
|
13,591,705
|
13,930,298
|
EBITDA
1 |
3,027,480
|
3,027,461
|
3,178,544
|
3,329,776
|
3,290,200
|
3,495,747
|
3,614,249
|
3,739,938
|
EBIT
1 |
1,693,833
|
1,562,151
|
1,671,391
|
1,768,593
|
1,829,000
|
1,949,186
|
2,036,532
|
2,129,098
|
Operating Margin
|
14.26%
|
13.13%
|
13.99%
|
14.55%
|
13.92%
|
14.69%
|
14.98%
|
15.28%
|
Earnings before Tax (EBT)
1 |
1,671,861
|
1,570,141
|
1,652,575
|
1,795,525
|
1,817,700
|
1,935,899
|
1,969,018
|
2,052,692
|
Net income
1 |
854,561
|
855,306
|
916,181
|
1,181,083
|
1,213,100
|
1,279,348
|
1,305,786
|
1,360,882
|
Net margin
|
7.19%
|
7.19%
|
7.67%
|
9.72%
|
9.23%
|
9.64%
|
9.61%
|
9.77%
|
EPS
2 |
8.805
|
9.248
|
9.926
|
13.17
|
13.92
|
15.08
|
15.62
|
16.39
|
Free Cash Flow
1 |
709,199
|
1,188,562
|
1,280,744
|
1,311,105
|
524,101
|
937,490
|
836,477
|
967,791
|
FCF margin
|
5.97%
|
9.99%
|
10.72%
|
10.79%
|
3.99%
|
7.07%
|
6.15%
|
6.95%
|
FCF Conversion (EBITDA)
|
23.43%
|
39.26%
|
40.29%
|
39.38%
|
15.93%
|
26.82%
|
23.14%
|
25.88%
|
FCF Conversion (Net income)
|
82.99%
|
138.96%
|
139.79%
|
111.01%
|
43.2%
|
73.28%
|
64.06%
|
71.11%
|
Dividend per Share
2 |
3.600
|
3.800
|
4.200
|
4.600
|
4.800
|
5.100
|
5.373
|
5.689
|
Announcement Date
|
5/10/19
|
5/15/20
|
5/12/21
|
5/12/22
|
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 S1
|
2025 Q3
|
2025 Q4
|
2025 S2
|
---|
Net sales
1 |
5,889,551
|
6,009,864
|
5,711,364
|
6,232,602
|
2,995,100
|
5,887,600
|
3,035,579
|
3,233,268
|
6,268,847
|
3,068,871
|
3,217,306
|
6,286,177
|
3,286,400
|
3,563,600
|
6,850,023
|
3,111,073
|
3,253,497
|
6,364,570
|
3,352,286
|
3,488,081
|
6,935,430
|
3,172,786
|
3,316,500
|
6,454,000
|
3,399,000
|
3,618,000
|
7,046,000
|
EBITDA
1 |
-
|
-
|
-
|
-
|
876,300
|
-
|
918,696
|
632,180
|
-
|
892,994
|
884,857
|
-
|
880,200
|
702,400
|
-
|
870,797
|
874,956
|
-
|
942,311
|
779,291
|
-
|
868,000
|
869,000
|
-
|
913,000
|
827,000
|
-
|
EBIT
1 |
982,805
|
579,346
|
1,008,580
|
662,811
|
523,000
|
1,009,300
|
530,392
|
228,901
|
759,293
|
503,352
|
493,187
|
996,539
|
524,300
|
308,200
|
832,461
|
474,650
|
476,296
|
950,946
|
535,241
|
443,962
|
1,009,054
|
514,946
|
508,300
|
1,024,000
|
571,550
|
462,900
|
1,056,000
|
Operating Margin
|
16.69%
|
9.64%
|
17.66%
|
10.63%
|
17.46%
|
17.14%
|
17.47%
|
7.08%
|
12.11%
|
16.4%
|
15.33%
|
15.85%
|
15.95%
|
8.65%
|
12.15%
|
15.26%
|
14.64%
|
14.94%
|
15.97%
|
12.73%
|
14.55%
|
16.23%
|
15.33%
|
15.87%
|
16.82%
|
12.79%
|
14.99%
|
Earnings before Tax (EBT)
1 |
1,001,859
|
568,282
|
1,005,067
|
647,508
|
519,000
|
1,015,300
|
538,664
|
241,561
|
780,225
|
525,537
|
493,915
|
1,019,452
|
510,500
|
287,800
|
798,248
|
577,536
|
461,567
|
1,039,103
|
517,739
|
394,528
|
840,897
|
493,500
|
490,000
|
984,000
|
554,000
|
445,000
|
1,016,000
|
Net income
1 |
547,670
|
307,636
|
541,511
|
374,670
|
335,800
|
675,800
|
354,514
|
150,769
|
505,283
|
368,570
|
328,037
|
696,607
|
335,900
|
180,600
|
516,493
|
375,775
|
295,069
|
670,844
|
340,271
|
270,215
|
586,131
|
332,146
|
322,895
|
657,291
|
367,669
|
290,401
|
680,139
|
Net margin
|
9.3%
|
5.12%
|
9.48%
|
6.01%
|
11.21%
|
11.48%
|
11.68%
|
4.66%
|
8.06%
|
12.01%
|
10.2%
|
11.08%
|
10.22%
|
5.07%
|
7.54%
|
12.08%
|
9.07%
|
10.54%
|
10.15%
|
7.75%
|
8.45%
|
10.47%
|
9.74%
|
10.18%
|
10.82%
|
8.03%
|
9.65%
|
EPS
2 |
5.821
|
-
|
5.834
|
-
|
3.716
|
7.471
|
3.972
|
1.728
|
-
|
4.163
|
3.719
|
7.882
|
3.898
|
2.140
|
-
|
4.410
|
3.460
|
7.870
|
4.020
|
3.286
|
6.900
|
3.900
|
3.900
|
7.800
|
4.500
|
3.500
|
8.000
|
Dividend per Share
2 |
1.900
|
-
|
2.000
|
-
|
2.200
|
2.200
|
-
|
2.400
|
-
|
-
|
2.400
|
2.400
|
-
|
-
|
-
|
-
|
2.500
|
2.500
|
-
|
2.500
|
2.500
|
-
|
2.600
|
2.600
|
-
|
2.600
|
2.600
|
Announcement Date
|
11/5/19
|
5/15/20
|
11/6/20
|
5/12/21
|
11/10/21
|
11/10/21
|
2/7/22
|
5/12/22
|
5/12/22
|
8/8/22
|
11/8/22
|
11/8/22
|
2/9/23
|
5/12/23
|
5/12/23
|
8/9/23
|
11/7/23
|
11/7/23
|
2/8/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
3,198,839
|
3,719,182
|
7,436,361
|
7,286,490
|
8,356,613
|
7,741,996
|
7,475,485
|
7,269,945
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.057
x
|
1.228
x
|
2.34
x
|
2.188
x
|
2.54
x
|
2.215
x
|
2.068
x
|
1.944
x
|
Free Cash Flow
1 |
709,199
|
1,188,562
|
1,280,744
|
1,311,105
|
524,101
|
937,490
|
836,477
|
967,791
|
ROE (net income / shareholders' equity)
|
9.3%
|
9.3%
|
11%
|
14.9%
|
14.4%
|
14.4%
|
13.7%
|
13.4%
|
ROA (Net income/ Total Assets)
|
7.6%
|
6.93%
|
7.19%
|
7.67%
|
7.39%
|
5.63%
|
5.64%
|
5.72%
|
Assets
1 |
11,237,732
|
12,340,707
|
12,745,465
|
15,401,466
|
16,408,144
|
22,725,265
|
23,141,243
|
23,775,358
|
Book Value Per Share
2 |
96.60
|
99.70
|
83.50
|
93.50
|
100.0
|
109.0
|
117.0
|
126.0
|
Cash Flow per Share
2 |
22.50
|
25.10
|
26.30
|
30.60
|
32.10
|
32.70
|
35.30
|
36.00
|
Capex
1 |
1,696,958
|
1,806,649
|
1,728,320
|
1,687,599
|
1,862,404
|
1,974,528
|
2,027,408
|
2,060,136
|
Capex / Sales
|
14.28%
|
15.18%
|
14.47%
|
13.88%
|
14.18%
|
14.88%
|
14.92%
|
14.79%
|
Announcement Date
|
5/10/19
|
5/15/20
|
5/12/21
|
5/12/22
|
5/12/23
|
-
|
-
|
-
|
Last Close Price
168.2
JPY Average target price
199.7
JPY Spread / Average Target +18.72% Consensus |