Financial Indicators

Profitability

Operating income margin

%

ROA (Return on assets)

%

ROE (Return on equity)

%

EV/EBITDA

Time

  FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
Gross margin (%) 24.8 24.2 24.7 25.0 24.9
Operating income margin (%) 6.9 6.9 7.3 8.0 7.9
Ordinary income margin (%) 7.3 7.3 7.6 8.5 8.3
ROA (Return on assets) (%) 8.2 8.2 8.4 9.3 8.6
ROE (Return on equity) (%) 9.7 9.3 9.9 10.1 9.6
EV/EBITDA*(times) 8.7 10.7 8.7 8.6 7.8
  • 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 2017 FY 2018 FY 2019 FY 2020 FY 2021
Equity ratio (%) 51.0 55.0 56.8 57.3 57.6
Equity capital ratio on market-value basis (%) 108.2 134.3 119.0 124.2 110.0
Interest-bearing liabilities (millions of yen) 65,599 52,658 47,412 51,264 69,983
Interest coverage ratio (times) 54.2 25.8 18.1 26.2 27.3

Efficiency

  FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
Total asset turnover ratio (times) 1.1 1.1 1.1 1.1 1.0
Shareholders' equity turnover ratio (times) 2.2 2.1 2.0 1.9 1.8
Tangible fixed asset turnover ratio (times) 5.1 4.9 5.0 5.2 4.9

Per share information

  FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
Net assets per share (yen) 1,956.25 2,155.74 2,302.38 2,425.02 2,741.27
Net income per share (yen) 182.37 191.93 219.98 238.69 247.09
Dividends per share (yen) 55 60 66 70 72(est.)
Consolidated dividend payout ratio (%) 30.2 31.3 30.0 29.3 29.1

Number of employees

  FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
Consolidated 36,693 37,519 37,417 37,902 38,444
Non-consolidated 12,072 11,976 11,793 11,704 -
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