Market Closed -
Japan Exchange
11:30:00 02/05/2024 am IST
|
5-day change
|
1st Jan Change
|
2,902
JPY
|
+0.07%
|
|
+1.42%
|
+22.99%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,42,430
|
2,41,369
|
2,76,168
|
2,30,446
|
3,63,367
|
4,46,587
|
-
|
-
|
Enterprise Value (EV)
1 |
3,32,824
|
3,11,929
|
3,46,225
|
3,17,991
|
3,93,133
|
4,81,940
|
4,67,708
|
4,52,999
|
P/E ratio
|
9.76
x
|
20.7
x
|
6.68
x
|
4.81
x
|
5.03
x
|
7.49
x
|
6.97
x
|
6.68
x
|
Yield
|
2.86%
|
2.87%
|
4.24%
|
5.34%
|
4.24%
|
3.9%
|
4.14%
|
4.38%
|
Capitalization / Revenue
|
0.64
x
|
0.7
x
|
0.7
x
|
0.46
x
|
0.66
x
|
0.77
x
|
0.74
x
|
0.7
x
|
EV / Revenue
|
0.88
x
|
0.91
x
|
0.88
x
|
0.64
x
|
0.71
x
|
0.83
x
|
0.77
x
|
0.71
x
|
EV / EBITDA
|
5.23
x
|
5.44
x
|
4.64
x
|
4.49
x
|
3.65
x
|
4.05
x
|
3.78
x
|
3.5
x
|
EV / FCF
|
-10.6
x
|
11.6
x
|
-113
x
|
-9.9
x
|
7.5
x
|
11.4
x
|
10.7
x
|
8.44
x
|
FCF Yield
|
-9.44%
|
8.6%
|
-0.89%
|
-10.1%
|
13.3%
|
8.79%
|
9.31%
|
11.8%
|
Price to Book
|
1.09
x
|
1.09
x
|
0.99
x
|
0.72
x
|
0.92
x
|
1.04
x
|
0.95
x
|
0.85
x
|
Nbr of stocks (in thousands)
|
1,53,924
|
1,53,934
|
1,53,940
|
1,53,939
|
1,53,969
|
1,53,969
|
-
|
-
|
Reference price
2 |
1,575
|
1,568
|
1,794
|
1,497
|
2,360
|
2,900
|
2,900
|
2,900
|
Announcement Date
|
14/02/20
|
15/02/21
|
15/02/22
|
14/02/23
|
14/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,77,457
|
3,43,764
|
3,93,647
|
4,97,213
|
5,52,825
|
5,80,571
|
6,05,587
|
6,35,977
|
EBITDA
1 |
63,609
|
57,333
|
74,548
|
70,794
|
1,07,671
|
1,19,097
|
1,23,741
|
1,29,361
|
EBIT
1 |
38,447
|
36,328
|
53,080
|
44,046
|
76,899
|
86,959
|
91,018
|
96,799
|
Operating Margin
|
10.19%
|
10.57%
|
13.48%
|
8.86%
|
13.91%
|
14.98%
|
15.03%
|
15.22%
|
Earnings before Tax (EBT)
1 |
34,055
|
15,700
|
57,362
|
66,624
|
96,084
|
83,320
|
89,347
|
95,854
|
Net income
1 |
24,482
|
11,682
|
41,350
|
47,956
|
72,273
|
59,482
|
64,178
|
67,080
|
Net margin
|
6.49%
|
3.4%
|
10.5%
|
9.64%
|
13.07%
|
10.25%
|
10.6%
|
10.55%
|
EPS
2 |
161.4
|
75.89
|
268.6
|
311.5
|
469.4
|
387.3
|
416.0
|
434.1
|
Free Cash Flow
1 |
-31,404
|
26,829
|
-3,073
|
-32,131
|
52,401
|
42,366
|
43,529
|
53,668
|
FCF margin
|
-8.32%
|
7.8%
|
-0.78%
|
-6.46%
|
9.48%
|
7.3%
|
7.19%
|
8.44%
|
FCF Conversion (EBITDA)
|
-
|
46.8%
|
-
|
-
|
48.67%
|
35.57%
|
35.18%
|
41.49%
|
FCF Conversion (Net income)
|
-
|
229.66%
|
-
|
-
|
72.5%
|
71.23%
|
67.82%
|
80.01%
|
Dividend per Share
2 |
45.00
|
45.00
|
76.00
|
80.00
|
100.0
|
113.1
|
120.2
|
127.0
|
Announcement Date
|
14/02/20
|
15/02/21
|
15/02/22
|
14/02/23
|
14/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2021 S1
|
2021 Q3
|
2021 Q4
|
2021 S2
|
2022 Q1
|
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
|
---|
Net sales
1 |
1,50,586
|
1,86,392
|
96,415
|
1,10,840
|
2,07,255
|
1,01,773
|
1,21,894
|
2,23,667
|
1,26,763
|
1,46,783
|
1,29,160
|
1,36,296
|
2,65,457
|
1,43,764
|
1,43,604
|
2,87,368
|
1,36,682
|
1,44,741
|
2,80,000
|
1,44,000
|
1,53,166
|
2,90,000
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
7,928
|
26,958
|
12,705
|
13,417
|
26,122
|
16,172
|
9,800
|
25,972
|
5,419
|
12,655
|
14,574
|
12,099
|
26,673
|
23,650
|
26,576
|
50,226
|
21,303
|
20,085
|
40,000
|
24,001
|
23,830
|
48,000
|
Operating Margin
|
5.26%
|
14.46%
|
13.18%
|
12.1%
|
12.6%
|
15.89%
|
8.04%
|
11.61%
|
4.27%
|
8.62%
|
11.28%
|
8.88%
|
10.05%
|
16.45%
|
18.51%
|
17.48%
|
15.59%
|
13.88%
|
14.29%
|
16.67%
|
15.56%
|
16.55%
|
Earnings before Tax (EBT)
1 |
1,908
|
28,042
|
11,704
|
-
|
-
|
24,767
|
-
|
41,121
|
20,444
|
-
|
14,909
|
19,413
|
34,322
|
39,703
|
22,059
|
61,762
|
19,225
|
20,550
|
40,000
|
23,825
|
23,900
|
48,000
|
Net income
1 |
520
|
20,673
|
8,193
|
12,484
|
-
|
17,797
|
13,233
|
31,030
|
13,738
|
3,188
|
10,883
|
18,239
|
29,122
|
27,645
|
15,506
|
43,151
|
15,200
|
18,017
|
27,000
|
17,900
|
15,050
|
32,000
|
Net margin
|
0.35%
|
11.09%
|
8.5%
|
11.26%
|
-
|
17.49%
|
10.86%
|
13.87%
|
10.84%
|
2.17%
|
8.43%
|
13.38%
|
10.97%
|
19.23%
|
10.8%
|
15.02%
|
11.12%
|
12.45%
|
9.64%
|
12.43%
|
9.83%
|
11.03%
|
EPS
2 |
3.380
|
134.3
|
53.22
|
81.10
|
-
|
115.6
|
85.94
|
201.6
|
89.24
|
20.71
|
70.69
|
118.5
|
189.2
|
179.6
|
100.7
|
-
|
109.7
|
120.1
|
-
|
126.6
|
95.76
|
-
|
Dividend per Share
|
20.00
|
20.00
|
-
|
-
|
-
|
-
|
-
|
30.00
|
-
|
-
|
-
|
-
|
20.00
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
07/08/20
|
10/08/21
|
12/11/21
|
15/02/22
|
15/02/22
|
12/05/22
|
10/08/22
|
10/08/22
|
14/11/22
|
14/02/23
|
11/05/23
|
10/08/23
|
10/08/23
|
14/11/23
|
14/02/24
|
14/02/24
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
90,394
|
70,560
|
70,057
|
87,545
|
29,766
|
35,353
|
21,121
|
6,413
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.421
x
|
1.231
x
|
0.9398
x
|
1.237
x
|
0.2765
x
|
0.2968
x
|
0.1707
x
|
0.0496
x
|
Free Cash Flow
1 |
-31,404
|
26,829
|
-3,073
|
-32,131
|
52,401
|
42,367
|
43,529
|
53,668
|
ROE (net income / shareholders' equity)
|
13%
|
5.3%
|
16.5%
|
16%
|
20.2%
|
14.9%
|
13.8%
|
13.3%
|
ROA (Net income/ Total Assets)
|
7.81%
|
6.76%
|
11.4%
|
9.03%
|
13.8%
|
10.2%
|
10.3%
|
9.77%
|
Assets
1 |
3,13,374
|
1,72,907
|
3,61,221
|
5,30,968
|
5,22,588
|
5,81,132
|
6,22,930
|
6,86,575
|
Book Value Per Share
2 |
1,447
|
1,434
|
1,819
|
2,083
|
2,567
|
2,781
|
3,066
|
3,394
|
Cash Flow per Share
2 |
327.0
|
212.0
|
408.0
|
485.0
|
669.0
|
641.0
|
659.0
|
680.0
|
Capex
1 |
42,633
|
26,967
|
37,766
|
47,303
|
34,102
|
45,020
|
43,796
|
45,146
|
Capex / Sales
|
11.29%
|
7.84%
|
9.59%
|
9.51%
|
6.17%
|
7.75%
|
7.23%
|
7.1%
|
Announcement Date
|
14/02/20
|
15/02/21
|
15/02/22
|
14/02/23
|
14/02/24
|
-
|
-
|
-
|
Last Close Price
2,900
JPY Average target price
3,075
JPY Spread / Average Target +6.02% Consensus |
1st Jan change
|
Capi.
|
---|
| +22.99% | 2.83B | | +18.75% | 30.15B | | +12.51% | 27.63B | | +41.28% | 7.23B | | +25.52% | 4.15B | | -2.25% | 3.53B | | -16.69% | 3.39B | | +41.51% | 3.29B | | +23.20% | 3.16B | | +3.99% | 2.38B |
Other Tires & Rubber Products
|