| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 7927 | 7995 | 3401 | 4623 | 4247 | | 4045 | |
| TSE:7927 | TSE:7995 | TSE:3401 | TSE:4623 | TSE:4247 | | TSE:4045 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 2.4% | 3.8% | 3.1% | 4.9% | 1.0% | | 2.9% | |
| 3Y CAGR | 11.0% | 11.4% | 7.3% | 2.6% | 3.3% | | 2.3% | |
| Latest Twelve Months | 5.5% | -3.6% | 6.6% | 1.8% | -6.2% | | 5.2% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 5.7% | 11.0% | 3.1% | 5.4% | 10.0% | | 9.2% | |
| Prior Fiscal Year | 6.7% | 14.3% | 1.3% | 4.6% | 10.3% | | 7.8% | |
| Latest Fiscal Year | 6.9% | 11.5% | 1.3% | 4.9% | 8.9% | | 8.5% | |
| Latest Twelve Months | 7.2% | 9.7% | -3.7% | 4.9% | 7.4% | | 8.5% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.19x | 0.84x | 0.42x | 0.22x | 0.52x | | 0.46x | |
| EV / LTM EBIT | 2.7x | 8.6x | -11.2x | 4.6x | 7.0x | | 5.4x | |
| Price / LTM Sales | 0.35x | 0.83x | 0.21x | 0.39x | 0.87x | | 0.88x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.19x | 0.42x | 0.84x | | | | | |
| Historical EV / LTM Revenue | 0.35x | 0.46x | 0.51x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.42x | 0.44x | 0.46x | | | | | |
| (x) LTM Revenue | 167,594 | 167,594 | 167,594 | | | | | |
| (=) Implied Enterprise Value | 70,304 | 74,005 | 77,705 | | | | | |
| (-) Non-shareholder Claims * | 70,122 | 70,122 | 70,122 | | | | | |
| (=) Equity Value | 140,426 | 144,127 | 147,827 | | | | | |
| (/) Shares Outstanding | 110.3 | 110.3 | 110.3 | | | | | |
| Implied Value Range | 1,273.43 | 1,306.99 | 1,340.54 | | | | | |
| FX Rate: JPY/JPY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 1,273.43 | 1,306.99 | 1,340.54 | | 1,329.50 | | | |
| Upside / (Downside) | -4.2% | -1.7% | 0.8% | | | | | |