Market Closed -
Japan Exchange
02:00:00 2024-06-07 am EDT
|
5-day change
|
1st Jan Change
|
2,144
JPY
|
+1.23%
|
|
+0.09%
|
+1.54%
|
Fiscal Period: März |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
578,206
|
431,706
|
771,706
|
609,922
|
610,069
|
601,132
|
-
|
-
|
Enterprise Value (EV)
1 |
673,128
|
568,733
|
622,301
|
549,093
|
698,861
|
718,675
|
766,941
|
759,808
|
P/E ratio
|
8.83
x
|
8.03
x
|
9.26
x
|
5.9
x
|
8.17
x
|
15
x
|
12.7
x
|
10.8
x
|
Yield
|
3.09%
|
4.14%
|
2.77%
|
4.26%
|
4.17%
|
4.51%
|
4.2%
|
4.29%
|
Capitalization / Revenue
|
0.43
x
|
0.31
x
|
0.53
x
|
0.44
x
|
0.42
x
|
0.39
x
|
0.4
x
|
0.39
x
|
EV / Revenue
|
0.5
x
|
0.41
x
|
0.43
x
|
0.4
x
|
0.49
x
|
0.5
x
|
0.51
x
|
0.49
x
|
EV / EBITDA
|
6.71
x
|
6.16
x
|
4.87
x
|
3.34
x
|
5.89
x
|
9.55
x
|
8.4
x
|
7.26
x
|
EV / FCF
|
26.9
x
|
-44.3
x
|
1.99
x
|
-25.4
x
|
-7.26
x
|
-20.7
x
|
17.2
x
|
32.8
x
|
FCF Yield
|
3.72%
|
-2.26%
|
50.2%
|
-3.94%
|
-13.8%
|
-4.83%
|
5.81%
|
3.04%
|
Price to Book
|
0.76
x
|
0.54
x
|
0.9
x
|
0.66
x
|
0.63
x
|
0.58
x
|
0.6
x
|
0.59
x
|
Nbr of stocks (in thousands)
|
288,382
|
288,381
|
288,380
|
288,379
|
282,570
|
280,379
|
-
|
-
|
Reference price
2 |
2,005
|
1,497
|
2,676
|
2,115
|
2,159
|
2,144
|
2,144
|
2,144
|
Announcement Date
|
5/14/19
|
5/15/20
|
5/14/21
|
5/13/22
|
5/15/23
|
5/14/24
|
-
|
-
|
Fiscal Period: März |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,344,987
|
1,402,019
|
1,456,199
|
1,386,991
|
1,439,765
|
1,439,180
|
1,498,920
|
1,544,850
|
EBITDA
1 |
100,273
|
92,318
|
127,869
|
164,369
|
118,713
|
75,218
|
91,333
|
104,667
|
EBIT
1 |
97,111
|
83,513
|
117,929
|
153,306
|
102,332
|
59,174
|
76,680
|
88,500
|
Operating Margin
|
7.22%
|
5.96%
|
8.1%
|
11.05%
|
7.11%
|
4.11%
|
5.12%
|
5.73%
|
Earnings before Tax (EBT)
1 |
94,123
|
78,766
|
119,685
|
152,200
|
106,601
|
55,653
|
70,950
|
82,650
|
Net income
1 |
65,469
|
53,752
|
83,316
|
103,381
|
75,596
|
37,204
|
47,320
|
55,760
|
Net margin
|
4.87%
|
3.83%
|
5.72%
|
7.45%
|
5.25%
|
2.59%
|
3.16%
|
3.61%
|
EPS
2 |
227.0
|
186.4
|
288.9
|
358.5
|
264.3
|
132.6
|
168.8
|
198.9
|
Free Cash Flow
1 |
25,059
|
-12,852
|
312,101
|
-21,611
|
-96,243
|
-34,686
|
44,550
|
23,130
|
FCF margin
|
1.86%
|
-0.92%
|
21.43%
|
-1.56%
|
-6.68%
|
-2.41%
|
2.97%
|
1.5%
|
FCF Conversion (EBITDA)
|
24.99%
|
-
|
244.08%
|
-
|
-
|
49.94%
|
48.78%
|
22.1%
|
FCF Conversion (Net income)
|
38.28%
|
-
|
374.6%
|
-
|
-
|
124.52%
|
94.15%
|
41.48%
|
Dividend per Share
2 |
62.00
|
62.00
|
74.00
|
90.00
|
90.00
|
90.00
|
90.00
|
92.00
|
Announcement Date
|
5/14/19
|
5/15/20
|
5/14/21
|
5/13/22
|
5/15/23
|
5/14/24
|
-
|
-
|
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 |
657,075
|
744,944
|
738,320
|
717,879
|
350,548
|
682,964
|
343,454
|
360,573
|
704,027
|
325,372
|
352,754
|
678,126
|
341,771
|
419,868
|
761,639
|
316,935
|
354,755
|
671,690
|
346,104
|
421,386
|
767,490
|
338,333
|
364,175
|
706,925
|
364,975
|
431,200
|
808,350
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
47,020
|
36,493
|
52,647
|
65,282
|
44,370
|
85,746
|
35,896
|
31,664
|
67,560
|
31,797
|
34,045
|
65,842
|
21,280
|
15,210
|
36,490
|
17,877
|
18,830
|
36,707
|
12,181
|
10,286
|
22,467
|
13,678
|
18,660
|
34,328
|
21,648
|
22,824
|
43,444
|
Operating Margin
|
7.16%
|
4.9%
|
7.13%
|
9.09%
|
12.66%
|
12.55%
|
10.45%
|
8.78%
|
9.6%
|
9.77%
|
9.65%
|
9.71%
|
6.23%
|
3.62%
|
4.79%
|
5.64%
|
5.31%
|
5.46%
|
3.52%
|
2.44%
|
2.93%
|
4.04%
|
5.12%
|
4.86%
|
5.93%
|
5.29%
|
5.37%
|
Earnings before Tax (EBT)
1 |
45,126
|
33,640
|
51,275
|
68,410
|
44,157
|
84,435
|
36,023
|
31,742
|
67,765
|
32,599
|
44,356
|
76,955
|
19,814
|
9,832
|
29,646
|
18,349
|
17,338
|
35,687
|
9,693
|
10,273
|
19,966
|
12,878
|
17,360
|
31,528
|
20,348
|
21,374
|
39,944
|
Net income
1 |
30,454
|
23,298
|
34,728
|
48,588
|
30,366
|
57,976
|
23,446
|
21,959
|
45,405
|
23,484
|
30,437
|
53,921
|
12,471
|
9,204
|
21,675
|
12,478
|
12,213
|
24,691
|
6,506
|
6,007
|
12,513
|
7,912
|
11,560
|
19,778
|
13,098
|
13,924
|
26,044
|
Net margin
|
4.63%
|
3.13%
|
4.7%
|
6.77%
|
8.66%
|
8.49%
|
6.83%
|
6.09%
|
6.45%
|
7.22%
|
8.63%
|
7.95%
|
3.65%
|
2.19%
|
2.85%
|
3.94%
|
3.44%
|
3.68%
|
1.88%
|
1.43%
|
1.63%
|
2.34%
|
3.17%
|
2.8%
|
3.59%
|
3.23%
|
3.22%
|
EPS
2 |
105.6
|
-
|
120.4
|
-
|
105.3
|
201.0
|
81.31
|
76.14
|
-
|
81.49
|
106.0
|
187.5
|
43.96
|
32.82
|
-
|
44.34
|
43.56
|
87.90
|
23.23
|
21.44
|
-
|
35.52
|
41.00
|
87.90
|
43.40
|
56.50
|
-
|
Dividend per Share
2 |
31.00
|
-
|
31.00
|
-
|
45.00
|
45.00
|
-
|
45.00
|
-
|
-
|
45.00
|
45.00
|
-
|
45.00
|
-
|
-
|
45.00
|
45.00
|
-
|
45.00
|
-
|
-
|
45.00
|
45.00
|
-
|
45.00
|
-
|
Announcement Date
|
11/14/19
|
5/15/20
|
11/9/20
|
5/14/21
|
11/8/21
|
11/8/21
|
2/14/22
|
5/13/22
|
5/13/22
|
8/9/22
|
11/8/22
|
11/8/22
|
2/9/23
|
5/15/23
|
5/15/23
|
8/10/23
|
11/9/23
|
11/9/23
|
2/9/24
|
5/14/24
|
5/14/24
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
94,922
|
137,027
|
-
|
-
|
88,792
|
159,740
|
165,809
|
158,676
|
Net Cash position
1 |
-
|
-
|
149,405
|
60,829
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
0.9466
x
|
1.484
x
|
-
|
-
|
0.748
x
|
2.124
x
|
1.815
x
|
1.516
x
|
Free Cash Flow
1 |
25,059
|
-12,852
|
312,101
|
-21,611
|
-96,243
|
-34,686
|
44,551
|
23,130
|
ROE (net income / shareholders' equity)
|
8.9%
|
6.9%
|
10.1%
|
11.6%
|
8%
|
3.8%
|
4.82%
|
5.4%
|
ROA (Net income/ Total Assets)
|
7.05%
|
5.38%
|
7.95%
|
9.6%
|
6.16%
|
3.11%
|
3.6%
|
3.6%
|
Assets
1 |
928,513
|
998,319
|
1,048,182
|
1,076,952
|
1,227,188
|
1,195,309
|
1,314,444
|
1,548,889
|
Book Value Per Share
2 |
2,629
|
2,750
|
2,975
|
3,221
|
3,428
|
3,466
|
3,545
|
3,644
|
Cash Flow per Share
|
238.0
|
217.0
|
323.0
|
397.0
|
322.0
|
190.0
|
-
|
-
|
Capex
1 |
21,519
|
25,700
|
10,881
|
22,837
|
50,848
|
25,947
|
22,500
|
25,000
|
Capex / Sales
|
1.6%
|
1.83%
|
0.75%
|
1.65%
|
3.53%
|
1.8%
|
1.5%
|
1.62%
|
Announcement Date
|
5/14/19
|
5/15/20
|
5/14/21
|
5/13/22
|
5/15/23
|
5/14/24
|
-
|
-
|
Mean consensus UNDERPERFORM Last Close Price
2,144
JPY Average target price
2,068
JPY Spread / Average Target -3.54% Consensus |
1st Jan change
|
Capi.
|
---|
| +1.54% | 3.84B | | -6.52% | 23.73B | | -21.89% | 12.48B | | +9.93% | 11.02B | | -26.15% | 7.59B | | -9.72% | 6.68B | | -2.47% | 6.37B | | -3.56% | 6.13B | | +54.96% | 3.85B | | +10.45% | 3.48B |
Residential Real Estate Development
|