Market Closed -
Japan Exchange
02:00:00 2024-06-10 am EDT
|
5-day change
|
1st Jan Change
|
1,172
JPY
|
+0.34%
|
|
-5.02%
|
-17.29%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
122,299
|
68,034
|
86,980
|
116,797
|
149,069
|
197,066
|
-
|
-
|
Enterprise Value (EV)
1 |
219,171
|
151,737
|
172,572
|
184,045
|
236,136
|
323,511
|
197,066
|
197,066
|
P/E ratio
|
13.4
x
|
9.3
x
|
6.14
x
|
5.51
x
|
17.9
x
|
38.5
x
|
11.7
x
|
11.7
x
|
Yield
|
1.85%
|
2.97%
|
2.7%
|
3.45%
|
2.03%
|
0.94%
|
1.88%
|
2.05%
|
Capitalization / Revenue
|
0.44
x
|
0.26
x
|
0.39
x
|
0.45
x
|
0.49
x
|
1.09
x
|
0.66
x
|
0.65
x
|
EV / Revenue
|
0.44
x
|
0.26
x
|
0.39
x
|
0.45
x
|
0.49
x
|
1.09
x
|
0.66
x
|
0.65
x
|
EV / EBITDA
|
4.29
x
|
2.29
x
|
5.33
x
|
3.47
x
|
5.12
x
|
11.5
x
|
6.26
x
|
6.22
x
|
EV / FCF
|
22.1
x
|
2.86
x
|
9.04
x
|
6.3
x
|
-13.5
x
|
46.2
x
|
22.1
x
|
13.8
x
|
FCF Yield
|
4.53%
|
34.9%
|
11.1%
|
15.9%
|
-7.38%
|
2.17%
|
4.52%
|
7.26%
|
Price to Book
|
0.64
x
|
0.38
x
|
0.45
x
|
0.54
x
|
0.66
x
|
1.29
x
|
0.74
x
|
0.71
x
|
Nbr of stocks (in thousands)
|
189,024
|
168,401
|
167,916
|
168,053
|
168,060
|
168,145
|
-
|
-
|
Reference price
2 |
647.0
|
404.0
|
518.0
|
695.0
|
887.0
|
1,168
|
1,168
|
1,168
|
Announcement Date
|
5/17/19
|
5/15/20
|
5/14/21
|
5/13/22
|
5/12/23
|
5/15/24
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
275,807
|
264,618
|
222,454
|
261,616
|
301,204
|
297,056
|
300,000
|
301,200
|
EBITDA
1 |
28,520
|
29,658
|
16,307
|
33,668
|
29,142
|
28,131
|
31,500
|
31,700
|
EBIT
1 |
10,130
|
11,208
|
1,701
|
20,455
|
17,288
|
15,267
|
19,000
|
19,200
|
Operating Margin
|
3.67%
|
4.24%
|
0.76%
|
7.82%
|
5.74%
|
5.14%
|
6.33%
|
6.37%
|
Earnings before Tax (EBT)
1 |
12,703
|
12,711
|
13,331
|
27,358
|
13,757
|
5,869
|
23,300
|
23,000
|
Net income
1 |
9,155
|
8,072
|
14,172
|
21,206
|
8,325
|
8,396
|
16,800
|
16,800
|
Net margin
|
3.32%
|
3.05%
|
6.37%
|
8.11%
|
2.76%
|
2.83%
|
5.6%
|
5.58%
|
EPS
2 |
48.44
|
43.45
|
84.40
|
126.2
|
49.54
|
49.94
|
99.90
|
99.90
|
Free Cash Flow
1 |
5,537
|
23,775
|
9,625
|
18,538
|
-11,007
|
7,007
|
8,900
|
14,300
|
FCF margin
|
2.01%
|
8.98%
|
4.33%
|
7.09%
|
-3.65%
|
2.36%
|
2.97%
|
4.75%
|
FCF Conversion (EBITDA)
|
19.41%
|
80.16%
|
59.02%
|
55.06%
|
-
|
24.91%
|
28.25%
|
45.11%
|
FCF Conversion (Net income)
|
60.48%
|
294.54%
|
67.92%
|
87.42%
|
-
|
83.46%
|
52.98%
|
85.12%
|
Dividend per Share
2 |
12.00
|
12.00
|
14.00
|
24.00
|
18.00
|
18.00
|
22.00
|
24.00
|
Announcement Date
|
5/17/19
|
5/15/20
|
5/14/21
|
5/13/22
|
5/12/23
|
5/15/24
|
-
|
-
|
Fiscal Period: March |
2020 S1
|
2020 S2
|
2021 S1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
---|
Net sales
1 |
136,714
|
127,904
|
103,304
|
64,104
|
126,390
|
67,594
|
67,632
|
135,226
|
65,843
|
70,344
|
136,187
|
79,515
|
85,502
|
75,273
|
74,901
|
150,174
|
75,150
|
71,732
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
7,301
|
3,907
|
-3,253
|
6,086
|
10,801
|
5,672
|
3,982
|
9,654
|
3,658
|
339
|
3,997
|
5,607
|
7,684
|
7,168
|
4,926
|
12,094
|
-1,206
|
4,379
|
Operating Margin
|
5.34%
|
3.05%
|
-3.15%
|
9.49%
|
8.55%
|
8.39%
|
5.89%
|
7.14%
|
5.56%
|
0.48%
|
2.93%
|
7.05%
|
8.99%
|
9.52%
|
6.58%
|
8.05%
|
-1.6%
|
6.1%
|
Earnings before Tax (EBT)
|
8,508
|
-
|
-1,906
|
-
|
21,035
|
8,061
|
-
|
-
|
5,759
|
-
|
4,335
|
4,274
|
-
|
8,488
|
-
|
12,892
|
-1,490
|
-
|
Net income
|
6,544
|
1,528
|
1,859
|
8,620
|
16,119
|
6,461
|
-1,374
|
5,087
|
3,690
|
-
|
1,959
|
1,964
|
-
|
6,323
|
-
|
9,403
|
-2,116
|
-
|
Net margin
|
4.79%
|
1.19%
|
1.8%
|
13.45%
|
12.75%
|
9.56%
|
-2.03%
|
3.76%
|
5.6%
|
-
|
1.44%
|
2.47%
|
-
|
8.4%
|
-
|
6.26%
|
-2.82%
|
-
|
EPS
|
34.62
|
8.830
|
11.07
|
51.31
|
95.96
|
38.44
|
-8.180
|
30.26
|
21.96
|
-
|
11.66
|
11.69
|
-
|
37.62
|
-
|
55.94
|
-12.59
|
-
|
Dividend per Share
|
6.000
|
-
|
7.000
|
-
|
7.000
|
-
|
-
|
-
|
-
|
-
|
9.000
|
-
|
-
|
-
|
-
|
9.000
|
-
|
-
|
Announcement Date
|
11/13/19
|
5/15/20
|
11/13/20
|
11/12/21
|
11/12/21
|
2/10/22
|
5/13/22
|
5/13/22
|
8/12/22
|
11/11/22
|
11/11/22
|
2/14/23
|
5/12/23
|
8/10/23
|
11/10/23
|
11/10/23
|
2/13/24
|
5/15/24
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
|
96,872
|
83,703
|
85,592
|
67,248
|
87,067
|
-
|
-
|
-
|
Net Cash position
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
3.397
x
|
2.822
x
|
5.249
x
|
1.997
x
|
2.988
x
|
-
|
-
|
-
|
Free Cash Flow
1 |
5,537
|
23,775
|
9,625
|
18,538
|
-11,007
|
7,007
|
8,900
|
14,300
|
ROE (net income / shareholders' equity)
|
4.8%
|
4.3%
|
7.6%
|
10.3%
|
3.8%
|
3.5%
|
6.5%
|
6.2%
|
ROA (Net income/ Total Assets)
|
3.54%
|
4.39%
|
2.76%
|
7.98%
|
3%
|
4.42%
|
-
|
-
|
Assets
1 |
258,621
|
183,805
|
514,095
|
265,859
|
277,742
|
189,998
|
-
|
-
|
Book Value Per Share
2 |
1,016
|
1,073
|
1,159
|
1,287
|
1,340
|
1,497
|
1,576
|
1,653
|
Cash Flow per Share
|
146.0
|
143.0
|
171.0
|
205.0
|
120.0
|
126.0
|
-
|
-
|
Capex
1 |
16,089
|
16,230
|
14,135
|
13,461
|
12,531
|
15,313
|
19,000
|
15,000
|
Capex / Sales
|
5.83%
|
6.13%
|
6.35%
|
5.15%
|
4.16%
|
5.15%
|
6.33%
|
4.98%
|
Announcement Date
|
5/17/19
|
5/15/20
|
5/14/21
|
5/13/22
|
5/12/23
|
5/15/24
|
-
|
-
|
Last Close Price
1,168
JPY Average target price
1,050
JPY Spread / Average Target -10.10% Consensus |
1st Jan change
|
Capi.
|
---|
| -17.29% | 1.25B | | -0.62% | 19.61B | | -12.55% | 11.85B | | +3.01% | 10.47B | | +0.45% | 6.46B | | +12.35% | 5.23B | | +18.90% | 3.98B | | +71.68% | 2.83B | | +9.13% | 2.82B | | +17.72% | 1.85B |
Other Paper Products
|