Valuation Hikari Tsushin, Inc.

Equities

9435

JP3783420007

Communications & Networking

Delayed Japan Exchange Other stock markets 10:32:18 22/01/2026 am IST			5-day change	1st Jan Change
43,870.00 ^JPY	+0.85%		-3.58%	+0.32%

20/01	Money Forward Cloud Corporate Performance Management Consulting Co., Ltd. completed the acquisition of remaining 31.52% stake in Outlook Consulting Co., Ltd. from group of shareholders.	CI
05/01	Tranche Update on Hikari Tsushin, Inc.'s Equity Buyback Plan announced on November 11, 2025.	CI

Company Valuation: Hikari Tsushin, Inc.

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	10,21,821	6,30,776	8,32,168	12,47,774	16,90,705	19,13,549	-	-
Change	-	-38.27%	31.93%	49.94%	35.5%	13.18%	-	-
Enterprise Value (EV) ¹	12,11,422	9,05,147	11,64,574	15,75,417	21,54,752	23,62,631	23,70,293	23,54,895
Change	-	-25.28%	28.66%	35.28%	36.77%	9.65%	0.32%	-0.65%
P/E ratio	18.7x	7.26x	9.11x	10.3x	14.4x	16.3x	16.4x	15.1x
PBR	2.6x	1.35x	1.45x	1.58x	1.85x	1.87x	1.73x	1.61x
PEG	-	0.1x	1.53x	0.3x	-4.82x	-190.95x	-26.3x	1.7x
Capitalization / Revenue	1.83x	1.09x	1.29x	2.07x	2.46x	2.48x	2.3x	2.16x
EV / Revenue	2.17x	1.57x	1.81x	2.62x	3.14x	3.07x	2.85x	2.66x
EV / EBITDA	14.1x	9.07x	11.3x	14.4x	18.1x	18x	16.5x	15.2x
EV / EBIT	17.5x	10.9x	13.4x	16.7x	20.5x	20.1x	18.5x	16.9x
EV / FCF	-31.4x	-20.1x	-47.4x	44.4x	-23.3x	-20.2x	-87.5x	220x
FCF Yield	-3.18%	-4.97%	-2.11%	2.25%	-4.29%	-4.95%	-1.14%	0.45%
Dividend per Share ²	456	491	545	638	661	722	796.4	853.1
Rate of return	2.05%	3.51%	2.93%	2.26%	1.71%	1.66%	1.83%	1.96%
EPS ²	1,190	1,923	2,038	2,754	2,671	2,669	2,652	2,887
Distribution rate	38.3%	25.5%	26.7%	23.2%	24.7%	27.1%	30%	29.5%
Net sales ¹	5,59,429	5,78,269	6,43,984	6,01,948	6,86,553	7,70,680	8,30,791	8,85,762
EBITDA ¹	85,720	99,763	1,02,868	1,09,102	1,19,112	1,31,497	1,43,715	1,54,590
EBIT ¹	69,257	83,036	86,615	94,546	1,05,036	1,17,399	1,28,052	1,39,385
Net income ¹	54,614	87,360	91,345	1,22,225	1,17,523	1,17,321	1,16,424	1,26,291
Net Debt ¹	1,89,601	2,74,371	3,32,406	3,27,643	4,64,047	4,49,081	4,56,743	4,41,345
Reference price ²	22,270.00	13,970.00	18,570.00	28,270.00	38,550.00	43,500.00	43,500.00	43,500.00
Nbr of stocks (in thousands)	45,883	45,152	44,812	44,138	43,857	43,990	-	-
Announcement Date	14/05/21	16/05/22	16/05/23	15/05/24	14/05/25	-	-	-

¹JPY in Million²JPY

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
HIKARI TSUSHIN, INC.	16.46x	3.09x	18.11x	1.64%	1.22TCr
CISCO SYSTEMS, INC.	24.82x	4.94x	12.79x	2.25%	29TCr
FOXCONN INDUSTRIAL INTERNET CO., LTD.	33.83x	1.26x	24.37x	1.64%	17TCr
ARISTA NETWORKS, INC.	47.29x	16.92x	34.53x	-.--%	16TCr
ZHONGJI INNOLIGHT CO., LTD.	60.59x	17.28x	49.38x	0.21%	9.34TCr
MOTOROLA SOLUTIONS, INC.	31.13x	6.27x	19.31x	1.15%	6.51TCr
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.	20.84x	2.59x	14.06x	2.63%	4.1TCr
GARMIN LTD.	24.09x	5.06x	18.07x	1.74%	3.86TCr
NOKIA OYJ	34.6x	1.4x	10.08x	2.55%	3.64TCr
UBIQUITI INC.	38.53x	-	-	-	3.41TCr
Average	33.22x	6.54x	22.30x	1.53%	9.42TCr
Weighted average by Cap.	34.83x	7.47x	23.29x	1.45%