Market Closed -
Japan Exchange
11:30:00 21/05/2024 am IST
|
5-day change
|
1st Jan Change
|
3,079
JPY
|
+1.42%
|
|
+1.18%
|
+28.51%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
3,97,889
|
3,43,395
|
3,86,326
|
3,23,403
|
3,26,929
|
6,18,780
|
-
|
-
|
Enterprise Value (EV)
1 |
2,63,174
|
2,01,445
|
2,04,143
|
1,40,551
|
1,43,961
|
5,43,420
|
4,46,680
|
4,54,940
|
P/E ratio
|
13.8
x
|
10.6
x
|
12
x
|
12.3
x
|
11.4
x
|
16.3
x
|
16.8
x
|
16.2
x
|
Yield
|
1.64%
|
2.01%
|
1.86%
|
2.34%
|
2.51%
|
2.34%
|
2.64%
|
2.51%
|
Capitalization / Revenue
|
0.76
x
|
0.59
x
|
0.69
x
|
0.57
x
|
0.54
x
|
0.83
x
|
0.93
x
|
0.92
x
|
EV / Revenue
|
0.5
x
|
0.34
x
|
0.37
x
|
0.25
x
|
0.24
x
|
0.83
x
|
0.67
x
|
0.68
x
|
EV / EBITDA
|
5.76
x
|
3.99
x
|
4.16
x
|
3.21
x
|
3.25
x
|
9.37
x
|
8.24
x
|
7.93
x
|
EV / FCF
|
13.1
x
|
11.3
x
|
5.28
x
|
6.12
x
|
52.2
x
|
27.8
x
|
20.8
x
|
40.3
x
|
FCF Yield
|
7.66%
|
8.84%
|
18.9%
|
16.3%
|
1.92%
|
3.59%
|
4.8%
|
2.48%
|
Price to Book
|
0.89
x
|
0.73
x
|
0.79
x
|
0.63
x
|
0.61
x
|
0.95
x
|
1.04
x
|
1.02
x
|
Nbr of stocks (in thousands)
|
2,16,952
|
2,15,295
|
2,04,947
|
2,04,945
|
2,04,971
|
2,00,968
|
-
|
-
|
Reference price
2 |
1,834
|
1,595
|
1,885
|
1,578
|
1,595
|
3,036
|
3,036
|
3,036
|
Announcement Date
|
26/04/19
|
27/04/20
|
28/04/21
|
28/04/22
|
26/04/23
|
24/04/24
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
5,21,283
|
5,85,905
|
5,56,273
|
5,66,794
|
6,09,132
|
6,54,516
|
6,67,000
|
6,71,500
|
EBITDA
1 |
45,676
|
50,441
|
49,109
|
43,771
|
44,234
|
47,967
|
54,200
|
57,367
|
EBIT
1 |
40,354
|
45,026
|
42,948
|
37,087
|
37,430
|
42,677
|
46,440
|
49,960
|
Operating Margin
|
7.74%
|
7.68%
|
7.72%
|
6.54%
|
6.14%
|
6.52%
|
6.96%
|
7.44%
|
Earnings before Tax (EBT)
1 |
42,066
|
47,790
|
47,427
|
39,444
|
42,709
|
49,062
|
51,950
|
55,075
|
Net income
1 |
28,844
|
32,500
|
32,356
|
26,366
|
28,722
|
33,553
|
36,133
|
37,280
|
Net margin
|
5.53%
|
5.55%
|
5.82%
|
4.65%
|
4.72%
|
5.13%
|
5.42%
|
5.55%
|
EPS
2 |
133.0
|
150.2
|
156.5
|
128.6
|
140.2
|
165.3
|
180.6
|
187.4
|
Free Cash Flow
1 |
20,153
|
17,798
|
38,649
|
22,975
|
2,760
|
16,150
|
21,450
|
11,300
|
FCF margin
|
3.87%
|
3.04%
|
6.95%
|
4.05%
|
0.45%
|
2.55%
|
3.22%
|
1.68%
|
FCF Conversion (EBITDA)
|
44.12%
|
35.28%
|
78.7%
|
52.49%
|
6.24%
|
33.67%
|
39.58%
|
19.7%
|
FCF Conversion (Net income)
|
69.87%
|
54.76%
|
119.45%
|
87.14%
|
9.61%
|
50.47%
|
59.36%
|
30.31%
|
Dividend per Share
2 |
30.00
|
32.00
|
35.00
|
37.00
|
40.00
|
63.00
|
80.00
|
76.20
|
Announcement Date
|
26/04/19
|
27/04/20
|
28/04/21
|
28/04/22
|
26/04/23
|
24/04/24
|
-
|
-
|
Fiscal Period: March |
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
|
2025 Q1
|
2025 Q2
|
2025 S1
|
2025 Q3
|
2025 Q4
|
2025 S2
|
2026 S1
|
2026 S2
|
---|
Net sales
1 |
2,51,425
|
-
|
2,41,943
|
3,14,330
|
1,36,787
|
2,44,144
|
1,31,054
|
1,91,596
|
3,22,650
|
1,15,451
|
1,42,657
|
2,58,108
|
1,44,565
|
2,06,459
|
3,51,024
|
1,12,798
|
1,57,872
|
2,70,670
|
1,56,442
|
2,27,404
|
1,33,800
|
1,57,150
|
-
|
1,59,400
|
2,12,650
|
-
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
13,163
|
-
|
13,496
|
29,452
|
8,770
|
11,557
|
8,302
|
17,228
|
25,530
|
354
|
6,245
|
6,599
|
6,968
|
23,863
|
30,831
|
869
|
8,266
|
9,135
|
11,485
|
22,057
|
4,650
|
9,300
|
-
|
11,200
|
22,050
|
-
|
-
|
-
|
Operating Margin
|
5.24%
|
-
|
5.58%
|
9.37%
|
6.41%
|
4.73%
|
6.33%
|
8.99%
|
7.91%
|
0.31%
|
4.38%
|
2.56%
|
4.82%
|
11.56%
|
8.78%
|
0.77%
|
5.24%
|
3.37%
|
7.34%
|
9.7%
|
3.48%
|
5.92%
|
-
|
7.03%
|
10.37%
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
15,995
|
-
|
14,968
|
32,459
|
8,997
|
13,247
|
9,167
|
17,030
|
26,197
|
1,929
|
7,057
|
8,986
|
8,346
|
25,377
|
33,723
|
2,352
|
9,303
|
11,655
|
14,816
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
10,225
|
-
|
9,662
|
22,694
|
6,211
|
8,542
|
6,184
|
11,640
|
17,824
|
608
|
4,879
|
5,487
|
5,548
|
17,687
|
23,235
|
1,125
|
6,372
|
7,497
|
10,088
|
15,968
|
2,300
|
8,100
|
-
|
9,700
|
17,500
|
-
|
-
|
-
|
Net margin
|
4.07%
|
-
|
3.99%
|
7.22%
|
4.54%
|
3.5%
|
4.72%
|
6.08%
|
5.52%
|
0.53%
|
3.42%
|
2.13%
|
3.84%
|
8.57%
|
6.62%
|
1%
|
4.04%
|
2.77%
|
6.45%
|
7.02%
|
1.72%
|
5.15%
|
-
|
6.09%
|
8.23%
|
-
|
-
|
-
|
EPS
|
47.13
|
-
|
46.40
|
-
|
30.31
|
41.68
|
30.17
|
-
|
-
|
2.970
|
-
|
26.77
|
27.07
|
-
|
-
|
5.510
|
-
|
36.80
|
49.69
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
15.00
|
17.00
|
16.00
|
-
|
-
|
17.50
|
-
|
-
|
19.50
|
-
|
-
|
18.50
|
-
|
21.50
|
21.50
|
-
|
-
|
20.00
|
-
|
-
|
-
|
-
|
40.00
|
-
|
-
|
55.00
|
40.00
|
47.00
|
Announcement Date
|
30/10/19
|
27/04/20
|
29/10/20
|
28/04/21
|
28/10/21
|
28/10/21
|
31/01/22
|
28/04/22
|
28/04/22
|
27/07/22
|
31/10/22
|
31/10/22
|
30/01/23
|
26/04/23
|
26/04/23
|
27/07/23
|
30/10/23
|
30/10/23
|
31/01/24
|
24/04/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
1,34,715
|
1,41,950
|
1,82,183
|
1,82,852
|
1,82,968
|
1,69,275
|
1,72,100
|
1,63,840
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
20,153
|
17,798
|
38,649
|
22,975
|
2,760
|
16,150
|
21,450
|
11,300
|
ROE (net income / shareholders' equity)
|
6.5%
|
7.1%
|
6.8%
|
5.3%
|
5.5%
|
6.1%
|
6.27%
|
6.5%
|
ROA (Net income/ Total Assets)
|
6.85%
|
7.25%
|
6.7%
|
5.78%
|
5.58%
|
5.9%
|
5.4%
|
5.27%
|
Assets
1 |
4,21,008
|
4,48,040
|
4,82,986
|
4,56,157
|
5,14,980
|
5,68,701
|
6,69,136
|
7,07,848
|
Book Value Per Share
2 |
2,070
|
2,189
|
2,401
|
2,493
|
2,599
|
2,848
|
2,933
|
2,977
|
Cash Flow per Share
2 |
157.0
|
175.0
|
186.0
|
161.0
|
173.0
|
199.0
|
223.0
|
235.0
|
Capex
1 |
3,778
|
6,473
|
4,689
|
5,425
|
28,597
|
29,500
|
29,500
|
30,000
|
Capex / Sales
|
0.72%
|
1.1%
|
0.84%
|
0.96%
|
4.69%
|
4.66%
|
4.42%
|
4.47%
|
Announcement Date
|
26/04/19
|
27/04/20
|
28/04/21
|
28/04/22
|
26/04/23
|
24/04/24
|
-
|
-
|
Last Close Price
3,036
JPY Average target price
2,860
JPY Spread / Average Target -5.80% Consensus |
1st Jan change
|
Capi.
|
---|
| +28.51% | 390.96Cr | | +1.45% | 7.16TCr | | -2.47% | 5.72TCr | | +24.55% | 3.92TCr | | +20.58% | 3.34TCr | | +10.60% | 2.9TCr | | +20.60% | 2.19TCr | | +12.55% | 1.9TCr | | +78.33% | 1.8TCr | | +38.51% | 1.78TCr |
Other Construction & Engineering
|