Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Perpetuity Growth Rate | 1.3% - 1.7% | 1.5% |
| Discount Rate | 10.1% - 9.1% | 9.6% |
| Fair Value | ¥4,068 - ¥4,818 | ¥4,408 |
| Upside | 32.5% - 56.9% | 43.6% |
| Project Adjusted Dividends | ||||||||
| Fiscal Year Ending | ||||||||
| (JPY in millions) | Mar-24 | Mar-25 | Mar-26 | Mar-27 | Mar-28 | Mar-29 | Terminal | |
| Net Income to Common | 1,943 | 2,136 | 2,136 | 2,136 | 2,136 | 2,136 | 2,136 | |
| % Growth | -24.0% | 10.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||
| Payout Ratio | 39.9% | 50.0% | 60.0% | 70.0% | 80.0% | 90.0% | 92.5% | |
| Projected Dividends | 776 | 1,068 | 1,282 | 1,496 | 1,709 | 1,923 | 1,976 | |
| % Growth | 37.7% | 20.0% | 16.7% | 14.3% | 12.5% | |||
| Historical Performance | ||||||||
| Fiscal Year Ending | YTD | YTD | ||||||
| (JPY in millions) | Mar-20 | Mar-21 | Mar-22 | Mar-23 | Mar-24 | Dec-23 | Dec-24 | |
| Cash Dividends Paid | 256 | 282 | 403 | 719 | 776 | 0 | 0 | |
| % Growth | 10% | 43% | 78% | 8% | NM | |||
| Net Income to Common | 2,128 | 2,224 | 2,365 | 2,555 | 1,943 | 1,736 | 1,982 | |
| % Growth | 5% | 6% | 8% | -24% | 14% | |||
| Payout Ratio | 12% | 13% | 17% | 28% | 40% | 0% | 0% | |
| Retention Ratio | 88% | 87% | 83% | 72% | 60% | 100% | 100% | |
| Adjusted EBITDA | 5,093 | 5,415 | 5,507 | 5,807 | 5,076 | 4,374 | 4,524 | |
| % Growth | 6% | 2% | 5% | -13% | 3% | |||
| Total Debt | 9,125 | 10,519 | 9,127 | 6,899 | 5,763 | 5,980 | 6,411 | |
| Shareholder's Equity | 13,474 | 15,056 | 16,800 | 18,735 | 19,569 | 20,017 | 20,623 | |
| Debt / EBITDA | 1.8 | 1.9 | 1.7 | 1.2 | 1.1 | 1.2 | ||
| Debt / Equity | 68% | 70% | 54% | 37% | 29% | 30% | 31% | |
| 3-Yr Avg. Dividend Growth | 43.1% | |||||||
| 5-Yr Median Payout Ratio | 17.0% | |||||||