Market Closed -
Japan Exchange
02:00:00 2024-05-23 am EDT
|
5-day change
|
1st Jan Change
|
4,328
JPY
|
-0.51%
|
|
+0.19%
|
-3.52%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
5,633,335
|
7,336,707
|
7,744,905
|
8,910,365
|
8,829,098
|
9,057,806
|
-
|
-
|
Enterprise Value (EV)
1 |
6,578,327
|
8,647,871
|
8,179,659
|
9,713,856
|
9,601,040
|
9,338,327
|
10,656,590
|
10,439,150
|
P/E ratio
|
9.2
x
|
11.6
x
|
11.9
x
|
13.3
x
|
13.2
x
|
14.9
x
|
12.4
x
|
11.5
x
|
Yield
|
4.4%
|
3.61%
|
3.53%
|
3.12%
|
3.3%
|
3.25%
|
3.45%
|
3.68%
|
Capitalization / Revenue
|
1.11
x
|
1.4
x
|
1.46
x
|
1.64
x
|
1.56
x
|
1.62
x
|
1.53
x
|
1.49
x
|
EV / Revenue
|
1.29
x
|
1.65
x
|
1.54
x
|
1.78
x
|
1.69
x
|
1.62
x
|
1.8
x
|
1.71
x
|
EV / EBITDA
|
4.17
x
|
5.04
x
|
4.58
x
|
5.43
x
|
5.42
x
|
5.66
x
|
5.85
x
|
5.52
x
|
EV / FCF
|
20.9
x
|
12.1
x
|
7.99
x
|
13.7
x
|
27.7
x
|
17.5
x
|
17.9
x
|
14.6
x
|
FCF Yield
|
4.79%
|
8.24%
|
12.5%
|
7.28%
|
3.61%
|
5.7%
|
5.57%
|
6.87%
|
Price to Book
|
1.34
x
|
1.67
x
|
1.62
x
|
1.78
x
|
1.72
x
|
1.78
x
|
1.63
x
|
1.5
x
|
Nbr of stocks (in thousands)
|
2,361,985
|
2,299,908
|
2,281,268
|
2,224,810
|
2,157,121
|
2,082,254
|
-
|
-
|
Reference price
2 |
2,385
|
3,190
|
3,395
|
4,005
|
4,093
|
4,350
|
4,350
|
4,350
|
Announcement Date
|
5/15/19
|
5/14/20
|
5/14/21
|
5/13/22
|
5/11/23
|
5/10/24
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
5,080,353
|
5,237,221
|
5,312,599
|
5,446,708
|
5,671,762
|
5,754,047
|
5,912,049
|
6,094,282
|
EBITDA
1 |
1,576,131
|
1,715,162
|
1,786,170
|
1,788,693
|
1,772,901
|
1,648,933
|
1,821,843
|
1,890,335
|
EBIT
1 |
1,013,729
|
1,025,237
|
1,037,395
|
1,060,592
|
1,075,749
|
961,584
|
1,128,283
|
1,198,649
|
Operating Margin
|
19.95%
|
19.58%
|
19.53%
|
19.47%
|
18.97%
|
16.71%
|
19.08%
|
19.67%
|
Earnings before Tax (EBT)
1 |
1,010,275
|
1,020,699
|
1,038,056
|
1,064,497
|
1,077,878
|
656,104
|
1,123,327
|
1,196,726
|
Net income
1 |
617,669
|
639,767
|
651,496
|
672,486
|
677,469
|
637,874
|
709,650
|
762,541
|
Net margin
|
12.16%
|
12.22%
|
12.26%
|
12.35%
|
11.94%
|
11.09%
|
12%
|
12.51%
|
EPS
2 |
259.1
|
275.7
|
284.2
|
300.0
|
310.2
|
301.3
|
350.6
|
379.5
|
Free Cash Flow
1 |
315,028
|
712,406
|
1,023,241
|
707,055
|
346,389
|
598,552
|
593,902
|
716,674
|
FCF margin
|
6.2%
|
13.6%
|
19.26%
|
12.98%
|
6.11%
|
10.32%
|
10.05%
|
11.76%
|
FCF Conversion (EBITDA)
|
19.99%
|
41.54%
|
57.29%
|
39.53%
|
19.54%
|
33.55%
|
32.6%
|
37.91%
|
FCF Conversion (Net income)
|
51%
|
111.35%
|
157.06%
|
105.14%
|
51.13%
|
86.86%
|
83.69%
|
93.98%
|
Dividend per Share
2 |
105.0
|
115.0
|
120.0
|
125.0
|
135.0
|
141.5
|
150.0
|
160.1
|
Announcement Date
|
5/15/19
|
5/14/20
|
5/14/21
|
5/13/22
|
5/11/23
|
5/10/24
|
-
|
-
|
Fiscal Period: March |
2020 S1
|
2021 S1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
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 |
2,564,457
|
2,537,196
|
1,324,897
|
2,625,161
|
1,388,665
|
1,432,882
|
1,351,676
|
1,389,160
|
2,740,836
|
1,442,057
|
1,488,869
|
2,930,926
|
1,332,576
|
1,446,391
|
2,778,967
|
1,486,564
|
1,488,516
|
2,975,080
|
1,387,666
|
1,484,778
|
2,852,500
|
1,517,634
|
1,495,221
|
3,095,000
|
EBITDA
1 |
-
|
-
|
459,450
|
-
|
476,257
|
368,670
|
470,201
|
436,164
|
-
|
-
|
406,807
|
-
|
436,542
|
464,343
|
-
|
460,723
|
314,453
|
-
|
483,056
|
511,613
|
-
|
498,766
|
369,155
|
-
|
EBIT
1 |
553,407
|
588,763
|
273,882
|
573,075
|
301,496
|
186,021
|
296,935
|
261,592
|
558,527
|
284,893
|
232,329
|
517,222
|
266,668
|
293,651
|
560,319
|
287,558
|
140,835
|
401,265
|
293,197
|
312,089
|
587,000
|
305,237
|
223,376
|
-
|
Operating Margin
|
21.58%
|
23.21%
|
20.67%
|
21.83%
|
21.71%
|
12.98%
|
21.97%
|
18.83%
|
20.38%
|
19.76%
|
15.6%
|
17.65%
|
20.01%
|
20.3%
|
20.16%
|
19.34%
|
9.46%
|
13.49%
|
21.13%
|
21.02%
|
20.58%
|
20.11%
|
14.94%
|
-
|
Earnings before Tax (EBT)
1 |
550,195
|
588,385
|
274,291
|
574,471
|
303,308
|
186,718
|
300,545
|
259,412
|
559,957
|
282,040
|
235,881
|
517,921
|
276,838
|
306,420
|
583,258
|
286,238
|
-213,392
|
72,846
|
295,393
|
316,002
|
589,000
|
313,993
|
235,863
|
-
|
Net income
1 |
347,545
|
372,899
|
171,579
|
361,469
|
192,752
|
118,265
|
191,797
|
162,581
|
354,378
|
177,990
|
145,101
|
323,091
|
176,943
|
191,752
|
368,695
|
176,898
|
77,427
|
269,179
|
189,942
|
199,669
|
377,000
|
192,608
|
132,371
|
-
|
Net margin
|
13.55%
|
14.7%
|
12.95%
|
13.77%
|
13.88%
|
8.25%
|
14.19%
|
11.7%
|
12.93%
|
12.34%
|
9.75%
|
11.02%
|
13.28%
|
13.26%
|
13.27%
|
11.9%
|
5.2%
|
9.05%
|
13.69%
|
13.45%
|
13.22%
|
12.69%
|
8.85%
|
-
|
EPS
2 |
148.7
|
162.1
|
76.22
|
160.3
|
86.20
|
53.57
|
87.01
|
74.11
|
161.1
|
81.79
|
67.34
|
-
|
82.02
|
89.74
|
171.8
|
84.59
|
44.89
|
129.5
|
95.48
|
99.53
|
-
|
96.00
|
54.19
|
-
|
Dividend per Share
2 |
55.00
|
60.00
|
60.00
|
60.00
|
-
|
65.00
|
-
|
65.00
|
65.00
|
-
|
70.00
|
70.00
|
-
|
70.00
|
70.00
|
-
|
75.00
|
75.00
|
-
|
75.00
|
75.00
|
-
|
80.00
|
80.00
|
Announcement Date
|
11/1/19
|
10/30/20
|
10/29/21
|
10/29/21
|
1/28/22
|
5/13/22
|
7/29/22
|
11/2/22
|
11/2/22
|
2/2/23
|
5/11/23
|
5/11/23
|
7/28/23
|
11/2/23
|
11/2/23
|
2/2/24
|
5/10/24
|
5/10/24
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
944,992
|
1,311,164
|
434,754
|
803,491
|
771,942
|
1,446,511
|
1,598,784
|
1,381,345
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
0.5996
x
|
0.7645
x
|
0.2434
x
|
0.4492
x
|
0.4354
x
|
0.8108
x
|
0.8776
x
|
0.7307
x
|
Free Cash Flow
1 |
315,028
|
712,406
|
1,023,241
|
707,055
|
346,389
|
598,552
|
593,902
|
716,674
|
ROE (net income / shareholders' equity)
|
15.5%
|
14.9%
|
14.2%
|
13.8%
|
13.4%
|
12.3%
|
13.5%
|
13.5%
|
ROA (Net income/ Total Assets)
|
14.5%
|
12.1%
|
10.3%
|
9.85%
|
9.37%
|
7.62%
|
5.02%
|
5.44%
|
Assets
1 |
4,250,660
|
5,299,713
|
6,312,352
|
6,829,023
|
7,228,626
|
8,373,599
|
14,138,182
|
14,025,393
|
Book Value Per Share
2 |
1,779
|
1,906
|
2,092
|
2,249
|
2,375
|
2,523
|
2,664
|
2,907
|
Cash Flow per Share
2 |
495.0
|
573.0
|
602.0
|
625.0
|
630.0
|
626.0
|
749.0
|
688.0
|
Capex
1 |
602,138
|
615,054
|
624,636
|
675,567
|
634,125
|
672,578
|
666,551
|
655,263
|
Capex / Sales
|
11.85%
|
11.74%
|
11.76%
|
12.4%
|
11.18%
|
11.59%
|
11.27%
|
10.75%
|
Announcement Date
|
5/15/19
|
5/14/20
|
5/14/21
|
5/13/22
|
5/11/23
|
5/10/24
|
-
|
-
|
Last Close Price
4,350
JPY Average target price
4,879
JPY Spread / Average Target +12.17% Consensus |