Financial Indicators
Profitability
| FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
|---|---|---|---|---|---|
| Gross margin (%) | 24.2 | 24.7 | 25.0 | 24.9 | 25.7 |
| Operating income margin (%) | 6.9 | 7.3 | 8.0 | 7.9 | 8.8 |
| Ordinary income margin (%) | 7.3 | 7.6 | 8.5 | 8.3 | 9.2 |
| ROA (Return on assets) (%) | 8.2 | 8.4 | 9.3 | 8.6 | 9.2 |
| ROE (Return on equity) (%) | 9.3 | 9.9 | 10.1 | 9.6 | 10.0 |
| EV/EBITDA*(times) | 10.7 | 8.7 | 8.6 | 8.7 | 5.3 |
*EV/EBITDA
EV=Total market value + Interest-bearing liabilities - Liquidity in hand (Cash and deposits + Short term investments in securities)
EBITDA=Operating profit + Depreciation
Stability
| FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
|---|---|---|---|---|---|
| Equity ratio (%) | 55.0 | 56.8 | 57.3 | 57.6 | 61.5 |
| Equity capital ratio on market-value basis (%) | 134.3 | 119.0 | 124.2 | 110.0 | 82.9 |
| Interest-bearing liabilities (millions of yen) | 52,658 | 47,412 | 51,264 | 69,983 | 54,260 |
| Interest coverage ratio (times) | 25.8 | 18.1 | 26.2 | 27.3 | 22.3 |
Efficiency
| FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
|---|---|---|---|---|---|
| Total asset turnover ratio (times) | 1.1 | 1.1 | 1.1 | 1.0 | 1.0 |
| Shareholders' equity turnover ratio (times) | 2.1 | 2.0 | 1.9 | 1.8 | 1.7 |
| Tangible fixed asset turnover ratio (times) | 4.9 | 5.0 | 5.2 | 4.9 | 4.9 |
Per share information
| FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
|---|---|---|---|---|---|
| Net assets per share (yen) | 2,155.74 | 2,302.38 | 2,425.02 | 2,741.27 | 2,964.85 |
| Net income per share (yen) | 191.93 | 219.98 | 238.69 | 247.09 | 286.11 |
| Dividends per share (yen) | 60 | 66 | 70 | 72 | 82（Est.） |
| Consolidated dividend payout ratio (%) | 31.3 | 30.0 | 29.3 | 29.1 | 28.7 |
Number of employees
| FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
|---|---|---|---|---|---|
| Consolidated | 37,519 | 37,417 | 37,902 | 38,444 | 38,192 |
| Non-consolidated | 11,976 | 11,793 | 11,704 | 11,861 | 12,002 |
