Market Closed -
Japan Exchange
02:00:00 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
3,541
JPY
|
-1.58%
|
|
+5.70%
|
+13.06%
|
Fiscal Period: January |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
1,118,857
|
1,613,553
|
1,374,724
|
1,561,723
|
1,622,812
|
2,294,362
|
-
|
-
|
Enterprise Value (EV)
1 |
1,408,280
|
1,608,025
|
1,329,644
|
1,588,449
|
1,874,448
|
2,626,308
|
3,276,990
|
3,277,552
|
P/E ratio
|
8.72
x
|
11.5
x
|
11.1
x
|
10.2
x
|
8.86
x
|
10.8
x
|
11.1
x
|
10.1
x
|
Yield
|
4.86%
|
3.43%
|
4.16%
|
3.89%
|
4.49%
|
3.67%
|
3.6%
|
3.92%
|
Capitalization / Revenue
|
0.52
x
|
0.67
x
|
0.56
x
|
0.6
x
|
0.55
x
|
0.7
x
|
0.64
x
|
0.57
x
|
EV / Revenue
|
0.65
x
|
0.67
x
|
0.54
x
|
0.61
x
|
0.64
x
|
0.85
x
|
0.92
x
|
0.81
x
|
EV / EBITDA
|
6.66
x
|
7.09
x
|
6.39
x
|
6.25
x
|
6.5
x
|
8.79
x
|
10.3
x
|
8.77
x
|
EV / FCF
|
21.2
x
|
5.54
x
|
13.8
x
|
367
x
|
62.2
x
|
-37
x
|
-5.23
x
|
23.5
x
|
FCF Yield
|
4.72%
|
18.1%
|
7.25%
|
0.27%
|
1.61%
|
-2.7%
|
-19.1%
|
4.26%
|
Price to Book
|
0.95
x
|
1.27
x
|
1.04
x
|
1.06
x
|
0.99
x
|
1.24
x
|
1.22
x
|
1.14
x
|
Nbr of stocks (in thousands)
|
688,104
|
683,419
|
680,894
|
674,756
|
662,102
|
647,942
|
-
|
-
|
Reference price
2 |
1,626
|
2,361
|
2,019
|
2,314
|
2,451
|
3,541
|
3,541
|
3,541
|
Announcement Date
|
3/7/19
|
3/5/20
|
3/4/21
|
3/10/22
|
3/9/23
|
3/7/24
|
-
|
-
|
Fiscal Period: January |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
2,160,316
|
2,415,186
|
2,446,904
|
2,589,579
|
2,928,835
|
3,107,242
|
3,558,365
|
4,028,329
|
EBITDA
1 |
211,323
|
226,774
|
208,219
|
254,229
|
288,200
|
298,701
|
318,279
|
373,933
|
EBIT
1 |
189,223
|
205,256
|
186,519
|
230,160
|
261,489
|
270,956
|
290,382
|
339,620
|
Operating Margin
|
8.76%
|
8.5%
|
7.62%
|
8.89%
|
8.93%
|
8.72%
|
8.16%
|
8.43%
|
Earnings before Tax (EBT)
1 |
187,392
|
211,383
|
185,494
|
234,334
|
267,710
|
288,958
|
290,838
|
321,818
|
Net income
1 |
128,582
|
141,256
|
123,542
|
153,905
|
184,520
|
202,325
|
206,646
|
224,476
|
Net margin
|
5.95%
|
5.85%
|
5.05%
|
5.94%
|
6.3%
|
6.51%
|
5.81%
|
5.57%
|
EPS
2 |
186.5
|
205.8
|
181.2
|
227.4
|
276.6
|
309.3
|
320.1
|
349.7
|
Free Cash Flow
1 |
66,408
|
290,511
|
96,400
|
4,328
|
30,134
|
-71,026
|
-626,150
|
139,733
|
FCF margin
|
3.07%
|
12.03%
|
3.94%
|
0.17%
|
1.03%
|
-2.29%
|
-17.6%
|
3.47%
|
FCF Conversion (EBITDA)
|
31.42%
|
128.11%
|
46.3%
|
1.7%
|
10.46%
|
45.14%
|
-
|
37.37%
|
FCF Conversion (Net income)
|
51.65%
|
205.66%
|
78.03%
|
2.81%
|
16.33%
|
68.59%
|
-
|
62.25%
|
Dividend per Share
2 |
79.00
|
81.00
|
84.00
|
90.00
|
110.0
|
123.0
|
127.5
|
138.9
|
Announcement Date
|
3/7/19
|
3/5/20
|
3/4/21
|
3/10/22
|
3/9/23
|
3/7/24
|
-
|
-
|
Fiscal Period: January |
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
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 |
1,207,835
|
1,207,351
|
1,167,986
|
1,278,918
|
615,015
|
1,223,605
|
621,207
|
744,767
|
1,365,974
|
743,671
|
679,971
|
1,423,642
|
706,436
|
798,757
|
1,505,193
|
708,280
|
754,163
|
1,462,443
|
727,065
|
917,734
|
1,644,799
|
764,500
|
896,750
|
1,610,000
|
873,750
|
1,065,150
|
2,159,800
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
113,041
|
92,215
|
92,644
|
93,875
|
55,009
|
109,693
|
58,532
|
61,935
|
120,467
|
87,769
|
58,659
|
146,428
|
56,071
|
58,990
|
115,061
|
55,736
|
69,182
|
124,918
|
61,770
|
84,268
|
146,038
|
62,958
|
71,102
|
132,200
|
62,682
|
90,925
|
167,200
|
Operating Margin
|
9.36%
|
7.64%
|
7.93%
|
7.34%
|
8.94%
|
8.96%
|
9.42%
|
8.32%
|
8.82%
|
11.8%
|
8.63%
|
10.29%
|
7.94%
|
7.39%
|
7.64%
|
7.87%
|
9.17%
|
8.54%
|
8.5%
|
9.18%
|
8.88%
|
8.24%
|
7.93%
|
8.21%
|
7.17%
|
8.54%
|
7.74%
|
Earnings before Tax (EBT)
1 |
115,720
|
-
|
89,210
|
-
|
56,174
|
111,216
|
62,366
|
60,752
|
123,118
|
83,589
|
69,619
|
153,208
|
63,176
|
51,326
|
-
|
61,608
|
73,504
|
135,112
|
64,527
|
89,319
|
-
|
59,900
|
79,500
|
127,400
|
61,500
|
84,500
|
-
|
Net income
1 |
77,444
|
63,812
|
59,442
|
64,100
|
36,381
|
72,552
|
43,343
|
38,010
|
81,353
|
57,485
|
46,583
|
104,068
|
45,747
|
34,705
|
80,452
|
41,934
|
50,560
|
92,494
|
49,395
|
60,436
|
109,831
|
41,564
|
55,258
|
93,825
|
46,843
|
61,102
|
111,540
|
Net margin
|
6.41%
|
5.29%
|
5.09%
|
5.01%
|
5.92%
|
5.93%
|
6.98%
|
5.1%
|
5.96%
|
7.73%
|
6.85%
|
7.31%
|
6.48%
|
4.34%
|
5.34%
|
5.92%
|
6.7%
|
6.32%
|
6.79%
|
6.59%
|
6.68%
|
5.44%
|
6.16%
|
5.83%
|
5.36%
|
5.74%
|
5.16%
|
EPS
2 |
112.5
|
-
|
87.10
|
-
|
53.70
|
106.9
|
64.16
|
56.31
|
120.5
|
85.40
|
69.66
|
155.1
|
68.99
|
52.53
|
-
|
63.33
|
76.98
|
140.3
|
75.98
|
93.00
|
-
|
65.22
|
82.68
|
137.2
|
66.84
|
97.84
|
-
|
Dividend per Share
2 |
40.00
|
-
|
45.00
|
-
|
43.00
|
43.00
|
-
|
47.00
|
47.00
|
-
|
52.00
|
52.00
|
-
|
-
|
-
|
-
|
59.00
|
59.00
|
-
|
64.00
|
-
|
-
|
62.00
|
-
|
-
|
64.00
|
-
|
Announcement Date
|
9/5/19
|
3/5/20
|
9/10/20
|
3/4/21
|
9/9/21
|
9/9/21
|
12/9/21
|
3/10/22
|
3/10/22
|
6/9/22
|
9/8/22
|
9/8/22
|
12/8/22
|
3/9/23
|
3/9/23
|
6/8/23
|
9/7/23
|
9/7/23
|
12/7/23
|
3/7/24
|
3/7/24
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: January |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
289,423
|
-
|
-
|
26,726
|
251,636
|
457,647
|
982,628
|
983,190
|
Net Cash position
1 |
-
|
5,528
|
45,080
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.37
x
|
-
|
-
|
0.1051
x
|
0.8731
x
|
1.532
x
|
3.087
x
|
2.629
x
|
Free Cash Flow
1 |
66,408
|
290,511
|
96,400
|
4,328
|
30,134
|
-71,026
|
-626,150
|
139,733
|
ROE (net income / shareholders' equity)
|
10.8%
|
11.5%
|
9.5%
|
11%
|
11.9%
|
11.9%
|
11.4%
|
11.7%
|
ROA (Net income/ Total Assets)
|
8.08%
|
8.48%
|
7.02%
|
8.48%
|
8.86%
|
8.44%
|
7.28%
|
7.48%
|
Assets
1 |
1,591,568
|
1,666,702
|
1,759,384
|
1,815,020
|
2,083,061
|
2,398,628
|
2,840,495
|
3,003,022
|
Book Value Per Share
2 |
1,719
|
1,853
|
1,948
|
2,184
|
2,466
|
2,708
|
2,892
|
3,101
|
Cash Flow per Share
2 |
219.0
|
237.0
|
213.0
|
263.0
|
317.0
|
352.0
|
-807.0
|
456.0
|
Capex
1 |
58,680
|
73,255
|
96,609
|
89,512
|
95,330
|
86,709
|
98,750
|
97,500
|
Capex / Sales
|
2.72%
|
3.03%
|
3.95%
|
3.46%
|
3.25%
|
2.79%
|
2.78%
|
2.42%
|
Announcement Date
|
3/7/19
|
3/5/20
|
3/4/21
|
3/10/22
|
3/9/23
|
3/7/24
|
-
|
-
|
Last Close Price
3,541
JPY Average target price
3,642
JPY Spread / Average Target +2.86% Consensus |
1st Jan change
|
Capi.
|
---|
| +13.06% | 14.58B | | -4.38% | 47.86B | | +10.25% | 23.94B | | +1.83% | 17.68B | | +16.96% | 12.52B | | +0.30% | 6.2B | | +12.71% | 6.16B | | +7.89% | 6.11B | | +9.62% | 5.96B | | -8.67% | 5.92B |
Other Homebuilding
|