Market Closed -
Japan Exchange
02:00:00 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
80,730
JPY
|
+3.50%
|
|
+5.25%
|
+6.56%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,791,616
|
3,043,226
|
4,249,298
|
4,498,029
|
4,504,091
|
5,181,188
|
-
|
-
|
Enterprise Value (EV)
1 |
2,247,268
|
2,535,133
|
3,619,539
|
3,812,519
|
3,892,781
|
4,561,472
|
4,540,789
|
4,511,982
|
P/E ratio
|
21.4
x
|
27.6
x
|
35.1
x
|
23.5
x
|
20.3
x
|
29.4
x
|
26.4
x
|
23
x
|
Yield
|
0.96%
|
0.87%
|
0.78%
|
1.09%
|
1.29%
|
1.11%
|
1.22%
|
1.38%
|
Capitalization / Revenue
|
4.84
x
|
5.79
x
|
7.7
x
|
6.18
x
|
5.46
x
|
6.67
x
|
6.14
x
|
5.62
x
|
EV / Revenue
|
3.9
x
|
4.82
x
|
6.56
x
|
5.24
x
|
4.72
x
|
5.87
x
|
5.38
x
|
4.89
x
|
EV / EBITDA
|
11.4
x
|
15.6
x
|
21.1
x
|
15.3
x
|
13.7
x
|
18.9
x
|
16
x
|
13.9
x
|
EV / FCF
|
134
x
|
25.4
x
|
18.7
x
|
95.6
x
|
268
x
|
33.1
x
|
31.1
x
|
30.3
x
|
FCF Yield
|
0.75%
|
3.93%
|
5.36%
|
1.05%
|
0.37%
|
3.02%
|
3.22%
|
3.3%
|
Price to Book
|
2.25
x
|
2.43
x
|
3.09
x
|
2.89
x
|
2.65
x
|
2.88
x
|
2.71
x
|
2.53
x
|
Nbr of stocks (in thousands)
|
67,219
|
66,519
|
66,075
|
65,340
|
64,501
|
64,179
|
-
|
-
|
Reference price
2 |
41,530
|
45,750
|
64,310
|
68,840
|
69,830
|
80,730
|
80,730
|
80,730
|
Announcement Date
|
5/15/19
|
5/15/20
|
5/14/21
|
5/13/22
|
5/15/23
|
-
|
-
|
-
|
Fiscal Period: Maart |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
576,948
|
526,000
|
552,100
|
727,397
|
824,772
|
776,766
|
843,354
|
922,223
|
EBITDA
1 |
196,458
|
162,923
|
171,800
|
248,414
|
283,967
|
241,150
|
284,612
|
324,322
|
EBIT
1 |
180,203
|
146,254
|
153,300
|
227,857
|
258,200
|
208,964
|
248,567
|
284,875
|
Operating Margin
|
31.23%
|
27.8%
|
27.77%
|
31.32%
|
31.31%
|
26.9%
|
29.47%
|
30.89%
|
Earnings before Tax (EBT)
1 |
197,081
|
158,133
|
172,482
|
272,851
|
308,777
|
243,724
|
275,432
|
310,591
|
Net income
1 |
130,631
|
110,500
|
121,700
|
192,991
|
224,609
|
177,076
|
196,377
|
224,477
|
Net margin
|
22.64%
|
21.01%
|
22.04%
|
26.53%
|
27.23%
|
22.8%
|
23.29%
|
24.34%
|
EPS
2 |
1,943
|
1,656
|
1,832
|
2,924
|
3,445
|
2,742
|
3,058
|
3,504
|
Free Cash Flow
1 |
16,827
|
99,687
|
193,913
|
39,878
|
14,531
|
137,733
|
146,201
|
149,073
|
FCF margin
|
2.92%
|
18.95%
|
35.12%
|
5.48%
|
1.76%
|
17.73%
|
17.34%
|
16.16%
|
FCF Conversion (EBITDA)
|
8.57%
|
61.19%
|
112.87%
|
16.05%
|
5.12%
|
57.12%
|
51.37%
|
45.96%
|
FCF Conversion (Net income)
|
12.88%
|
90.21%
|
159.34%
|
20.66%
|
6.47%
|
77.78%
|
74.45%
|
66.41%
|
Dividend per Share
2 |
400.0
|
400.0
|
500.0
|
750.0
|
900.0
|
900.0
|
980.9
|
1,111
|
Announcement Date
|
5/15/19
|
5/15/20
|
5/14/21
|
5/13/22
|
5/15/23
|
-
|
-
|
-
|
Fiscal Period: March |
2020 S1
|
2020 S2
|
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
|
2026 S1
|
2026 S2
|
---|
Net sales
1 |
264,470
|
261,530
|
251,993
|
175,917
|
358,691
|
183,747
|
184,959
|
211,359
|
210,170
|
421,529
|
205,946
|
197,297
|
-
|
198,970
|
194,581
|
393,551
|
189,068
|
191,374
|
-
|
197,000
|
205,500
|
-
|
220,500
|
233,000
|
-
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
65,409
|
-
|
62,527
|
58,116
|
-
|
-
|
-
|
70,788
|
67,337
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
73,472
|
72,782
|
65,045
|
60,651
|
118,035
|
57,168
|
52,654
|
67,975
|
65,674
|
133,649
|
64,162
|
60,389
|
-
|
56,105
|
49,019
|
105,124
|
50,067
|
51,751
|
-
|
50,500
|
57,000
|
-
|
70,000
|
79,500
|
-
|
-
|
-
|
Operating Margin
|
27.78%
|
27.83%
|
25.81%
|
34.48%
|
32.91%
|
31.11%
|
28.47%
|
32.16%
|
31.25%
|
31.71%
|
31.15%
|
30.61%
|
-
|
28.2%
|
25.19%
|
26.71%
|
26.48%
|
27.04%
|
-
|
25.63%
|
27.74%
|
-
|
31.75%
|
34.12%
|
-
|
-
|
-
|
Earnings before Tax (EBT)
1 |
72,925
|
-
|
67,843
|
64,415
|
125,826
|
69,774
|
77,251
|
106,182
|
77,316
|
183,498
|
53,524
|
71,755
|
-
|
74,907
|
60,315
|
135,222
|
51,409
|
52,372
|
-
|
56,650
|
63,400
|
-
|
74,900
|
84,150
|
-
|
-
|
-
|
Net income
1 |
53,603
|
-
|
46,281
|
44,306
|
90,269
|
48,750
|
53,972
|
75,403
|
57,651
|
133,054
|
40,712
|
50,843
|
-
|
52,148
|
42,587
|
94,735
|
42,569
|
33,696
|
-
|
40,900
|
45,250
|
-
|
53,250
|
62,600
|
-
|
-
|
-
|
Net margin
|
20.27%
|
-
|
18.37%
|
25.19%
|
25.17%
|
26.53%
|
29.18%
|
35.68%
|
27.43%
|
31.56%
|
19.77%
|
25.77%
|
-
|
26.21%
|
21.89%
|
24.07%
|
22.52%
|
17.61%
|
-
|
20.76%
|
22.02%
|
-
|
24.15%
|
26.87%
|
-
|
-
|
-
|
EPS
2 |
801.2
|
-
|
695.8
|
670.5
|
1,366
|
737.8
|
819.8
|
1,154
|
882.3
|
2,036
|
624.0
|
784.2
|
-
|
808.5
|
660.3
|
1,469
|
560.2
|
537.7
|
-
|
632.6
|
689.9
|
-
|
806.5
|
884.7
|
-
|
-
|
-
|
Dividend per Share
|
200.0
|
-
|
200.0
|
300.0
|
300.0
|
-
|
450.0
|
-
|
450.0
|
450.0
|
-
|
450.0
|
450.0
|
-
|
450.0
|
450.0
|
-
|
-
|
450.0
|
-
|
-
|
450.0
|
-
|
-
|
550.0
|
550.0
|
650.0
|
Announcement Date
|
11/12/19
|
5/15/20
|
11/13/20
|
11/12/21
|
11/12/21
|
2/14/22
|
5/13/22
|
8/10/22
|
11/14/22
|
11/14/22
|
2/14/23
|
5/15/23
|
5/15/23
|
8/9/23
|
11/14/23
|
11/14/23
|
2/13/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
544,348
|
508,093
|
629,759
|
685,510
|
611,310
|
619,715
|
640,398
|
669,205
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
16,827
|
99,687
|
193,913
|
39,878
|
14,531
|
137,733
|
146,201
|
149,073
|
ROE (net income / shareholders' equity)
|
10.9%
|
8.9%
|
9.3%
|
13.2%
|
13.8%
|
10%
|
10.7%
|
11.2%
|
ROA (Net income/ Total Assets)
|
14.4%
|
11.4%
|
11.7%
|
16.5%
|
16.5%
|
8.98%
|
9.84%
|
10.5%
|
Assets
1 |
906,303
|
969,306
|
1,037,762
|
1,169,982
|
1,357,245
|
1,971,787
|
1,995,598
|
2,145,286
|
Book Value Per Share
2 |
18,447
|
18,795
|
20,835
|
23,808
|
26,332
|
28,065
|
29,844
|
31,848
|
Cash Flow per Share
2 |
2,185
|
1,906
|
2,112
|
3,235
|
3,840
|
3,223
|
3,713
|
4,230
|
Capex
1 |
31,900
|
38,370
|
27,400
|
77,588
|
81,592
|
105,000
|
101,250
|
97,500
|
Capex / Sales
|
5.53%
|
7.29%
|
4.96%
|
10.67%
|
9.89%
|
13.52%
|
12.01%
|
10.57%
|
Announcement Date
|
5/15/19
|
5/15/20
|
5/14/21
|
5/13/22
|
5/15/23
|
-
|
-
|
-
|
Last Close Price
80,730
JPY Average target price
94,136
JPY Spread / Average Target +16.61% Consensus |
1st Jan change
|
Capi.
|
---|
| +6.56% | 32.91B | | +17.38% | 8.1B | | -2.71% | 6.98B | | +20.18% | 5.45B | | -3.97% | 4.13B | | +34.04% | 3.95B | | +17.24% | 3.8B | | +5.47% | 3.4B | | -9.99% | 2.72B | | +8.20% | 2.43B |
Testing & Measuring Equipment
|