Delayed
Japan Exchange
10:30:00 2024-07-02 pm EDT
|
5-day change
|
1st Jan Change
|
1,468
JPY
|
-0.03%
|
|
-1.14%
|
-27.47%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
1,024,267
|
817,216
|
1,611,566
|
1,468,702
|
1,235,222
|
918,499
|
-
|
-
|
Enterprise Value (EV)
1 |
1,050,771
|
880,302
|
1,666,170
|
1,516,595
|
1,154,210
|
1,127,796
|
841,493
|
821,706
|
P/E ratio
|
23.6
x
|
17.3
x
|
21.7
x
|
13.8
x
|
9.82
x
|
20.5
x
|
13.6
x
|
12.3
x
|
Yield
|
1.27%
|
1.71%
|
1.38%
|
2.16%
|
2.6%
|
2.68%
|
3.56%
|
3.6%
|
Capitalization / Revenue
|
0.92
x
|
0.7
x
|
1.23
x
|
0.92
x
|
0.86
x
|
0.9
x
|
0.66
x
|
0.63
x
|
EV / Revenue
|
0.94
x
|
0.75
x
|
1.27
x
|
0.95
x
|
0.8
x
|
0.86
x
|
0.61
x
|
0.56
x
|
EV / EBITDA
|
11.5
x
|
8.94
x
|
13.1
x
|
8.15
x
|
6.88
x
|
9.09
x
|
6.3
x
|
5.78
x
|
EV / FCF
|
81
x
|
-111
x
|
34
x
|
41.5
x
|
8.4
x
|
43.6
x
|
23.3
x
|
18.4
x
|
FCF Yield
|
1.24%
|
-0.9%
|
2.94%
|
2.41%
|
11.9%
|
2.29%
|
4.29%
|
5.43%
|
Price to Book
|
2.88
x
|
2.13
x
|
4.05
x
|
2.96
x
|
2.23
x
|
2.06
x
|
1.5
x
|
1.4
x
|
Nbr of stocks (in thousands)
|
635,204
|
635,225
|
635,225
|
635,252
|
630,215
|
625,468
|
-
|
-
|
Reference price
2 |
1,612
|
1,286
|
2,537
|
2,312
|
1,960
|
1,468
|
1,468
|
1,468
|
Announcement Date
|
4/26/19
|
4/30/20
|
4/30/21
|
4/28/22
|
4/28/23
|
4/30/24
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,118,094
|
1,173,498
|
1,312,085
|
1,588,375
|
1,434,609
|
1,316,940
|
1,388,891
|
1,458,634
|
EBITDA
1 |
91,361
|
98,447
|
127,591
|
186,057
|
167,716
|
124,021
|
133,583
|
142,130
|
EBIT
1 |
70,359
|
75,447
|
101,726
|
155,713
|
135,275
|
89,204
|
96,754
|
106,692
|
Operating Margin
|
6.29%
|
6.43%
|
7.75%
|
9.8%
|
9.43%
|
6.77%
|
6.97%
|
7.31%
|
Earnings before Tax (EBT)
1 |
74,154
|
79,440
|
111,788
|
160,622
|
187,458
|
88,518
|
97,315
|
106,496
|
Net income
1 |
43,465
|
47,292
|
74,342
|
106,733
|
126,511
|
58,279
|
67,164
|
74,135
|
Net margin
|
3.89%
|
4.03%
|
5.67%
|
6.72%
|
8.82%
|
4.43%
|
4.84%
|
5.08%
|
EPS
2 |
68.43
|
74.45
|
117.0
|
168.0
|
199.6
|
92.98
|
108.3
|
119.1
|
Free Cash Flow
1 |
12,978
|
-7,900
|
49,032
|
36,552
|
137,357
|
25,881
|
36,100
|
44,600
|
FCF margin
|
1.16%
|
-0.67%
|
3.74%
|
2.3%
|
9.57%
|
1.97%
|
2.6%
|
3.06%
|
FCF Conversion (EBITDA)
|
14.21%
|
-
|
38.43%
|
19.65%
|
81.9%
|
20.87%
|
27.02%
|
31.38%
|
FCF Conversion (Net income)
|
29.86%
|
-
|
65.95%
|
34.25%
|
108.57%
|
44.41%
|
53.75%
|
60.16%
|
Dividend per Share
2 |
20.50
|
22.00
|
35.00
|
50.00
|
51.00
|
51.00
|
52.33
|
52.89
|
Announcement Date
|
4/26/19
|
4/30/20
|
4/30/21
|
4/28/22
|
4/28/23
|
4/30/24
|
-
|
-
|
Fiscal Period: March |
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
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 |
587,709
|
585,789
|
634,846
|
677,239
|
378,511
|
726,054
|
440,586
|
421,735
|
386,938
|
364,374
|
751,312
|
364,255
|
319,042
|
318,511
|
324,867
|
643,378
|
351,853
|
321,709
|
673,562
|
327,270
|
333,680
|
666,500
|
371,845
|
333,705
|
673,600
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
37,196
|
38,251
|
52,494
|
49,232
|
29,944
|
58,856
|
55,972
|
40,885
|
33,280
|
30,864
|
64,144
|
42,444
|
28,600
|
18,832
|
19,834
|
38,666
|
33,008
|
17,530
|
50,538
|
18,785
|
19,472
|
39,250
|
34,925
|
21,168
|
-
|
Operating Margin
|
6.33%
|
6.53%
|
8.27%
|
7.27%
|
7.91%
|
8.11%
|
12.7%
|
9.69%
|
8.6%
|
8.47%
|
8.54%
|
11.65%
|
8.96%
|
5.91%
|
6.11%
|
6.01%
|
9.38%
|
5.45%
|
7.5%
|
5.74%
|
5.84%
|
5.89%
|
9.39%
|
6.34%
|
-
|
Earnings before Tax (EBT)
|
38,112
|
-
|
62,388
|
-
|
28,967
|
60,274
|
58,832
|
-
|
35,698
|
-
|
78,088
|
81,738
|
-
|
18,832
|
20,468
|
39,300
|
34,557
|
-
|
-
|
20,000
|
19,500
|
39,500
|
35,500
|
21,000
|
-
|
Net income
1 |
21,945
|
-
|
37,293
|
-
|
19,173
|
39,825
|
40,155
|
26,753
|
23,436
|
28,508
|
51,944
|
56,036
|
18,531
|
11,899
|
13,377
|
25,276
|
23,072
|
9,931
|
-
|
13,000
|
13,000
|
26,000
|
24,000
|
14,500
|
-
|
Net margin
|
3.73%
|
-
|
5.87%
|
-
|
5.07%
|
5.49%
|
9.11%
|
6.34%
|
6.06%
|
7.82%
|
6.91%
|
15.38%
|
5.81%
|
3.74%
|
4.12%
|
3.93%
|
6.56%
|
3.09%
|
-
|
3.97%
|
3.9%
|
3.9%
|
6.45%
|
4.35%
|
-
|
EPS
2 |
34.55
|
-
|
58.71
|
-
|
30.18
|
62.69
|
63.22
|
42.11
|
36.89
|
44.88
|
81.77
|
88.33
|
29.46
|
18.90
|
21.34
|
40.24
|
36.84
|
15.90
|
-
|
21.56
|
20.95
|
-
|
34.09
|
23.17
|
-
|
Dividend per Share
|
11.00
|
-
|
18.00
|
-
|
20.00
|
20.00
|
-
|
30.00
|
-
|
25.00
|
25.00
|
-
|
-
|
-
|
-
|
26.00
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
10/31/19
|
4/30/20
|
10/30/20
|
4/30/21
|
10/29/21
|
10/29/21
|
1/28/22
|
4/28/22
|
7/29/22
|
10/28/22
|
10/28/22
|
1/27/23
|
4/28/23
|
7/28/23
|
10/27/23
|
10/27/23
|
1/26/24
|
4/30/24
|
4/30/24
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
26,504
|
63,086
|
54,604
|
47,893
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
81,012
|
62,469
|
77,006
|
96,793
|
Leverage (Debt/EBITDA)
|
0.2901
x
|
0.6408
x
|
0.428
x
|
0.2574
x
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
12,978
|
-7,900
|
49,032
|
36,552
|
137,357
|
25,881
|
36,100
|
44,600
|
ROE (net income / shareholders' equity)
|
12.7%
|
12.8%
|
19%
|
23.9%
|
24.1%
|
10.3%
|
11.5%
|
12%
|
ROA (Net income/ Total Assets)
|
10.1%
|
10.5%
|
13.3%
|
18.7%
|
15.1%
|
10.1%
|
7.67%
|
7.96%
|
Assets
1 |
428,286
|
450,719
|
560,251
|
570,009
|
837,690
|
577,980
|
875,190
|
931,261
|
Book Value Per Share
2 |
560.0
|
604.0
|
627.0
|
781.0
|
879.0
|
923.0
|
981.0
|
1,047
|
Cash Flow per Share
2 |
100.0
|
111.0
|
158.0
|
216.0
|
251.0
|
149.0
|
144.0
|
165.0
|
Capex
1 |
73,780
|
53,400
|
72,262
|
69,917
|
49,128
|
51,748
|
50,000
|
56,667
|
Capex / Sales
|
6.6%
|
4.55%
|
5.51%
|
4.4%
|
3.42%
|
3.93%
|
3.6%
|
3.88%
|
Announcement Date
|
4/26/19
|
4/30/20
|
4/30/21
|
4/28/22
|
4/28/23
|
4/30/24
|
-
|
-
|
Last Close Price
1,468
JPY Average target price
1,925
JPY Spread / Average Target +31.09% Consensus |
1st Jan change
|
Capi.
|
---|
| -27.47% | 5.68B | | -14.20% | 116B | | +17.89% | 73.5B | | -14.06% | 48.17B | | -4.70% | 17.07B | | +30.72% | 8.71B | | -54.24% | 8.04B | | -19.31% | 5.95B | | +18.35% | 5.05B | | -1.73% | 4.23B |
Other Air Freight & Logistics
|