| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 9065 | 9312 | 9143 | 9381 | 9064 | | 9037 | |
| TSE:9065 | TSE:9312 | TSE:9143 | TSE:9381 | TSE:9064 | | TSE:9037 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -0.3% | -1.3% | 3.3% | 13.1% | 1.6% | | 3.9% | |
| 3Y CAGR | 1.8% | -1.1% | 0.1% | 3.9% | 1.2% | | 5.7% | |
| Latest Twelve Months | 5.8% | 4.2% | 9.6% | 1.0% | -2.0% | | 6.9% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 6.5% | 5.6% | 8.0% | 6.4% | 3.5% | | 8.8% | |
| Prior Fiscal Year | 6.6% | 6.4% | 9.4% | 7.6% | 3.3% | | 8.8% | |
| Latest Fiscal Year | 6.2% | 5.7% | 6.8% | 8.4% | 2.3% | | 8.8% | |
| Latest Twelve Months | 6.9% | 5.9% | 6.5% | 7.6% | 0.9% | | 9.1% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.54x | 0.13x | 0.71x | 0.48x | 0.37x | | 0.73x | |
| EV / LTM EBIT | 7.8x | 2.3x | 10.9x | 6.3x | 40.2x | | 8.0x | |
| Price / LTM Sales | 0.56x | 0.32x | 0.69x | 0.76x | 0.39x | | 0.68x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.13x | 0.48x | 0.71x | | | | | |
| Historical EV / LTM Revenue | 0.49x | 0.50x | 0.59x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.60x | 0.63x | 0.67x | | | | | |
| (x) LTM Revenue | 146,492 | 146,492 | 146,492 | | | | | |
| (=) Implied Enterprise Value | 88,189 | 92,831 | 97,472 | | | | | |
| (-) Non-shareholder Claims * | (6,489) | (6,489) | (6,489) | | | | | |
| (=) Equity Value | 81,700 | 86,342 | 90,983 | | | | | |
| (/) Shares Outstanding | 74.0 | 74.0 | 74.0 | | | | | |
| Implied Value Range | 1,104.17 | 1,166.90 | 1,229.63 | | | | | |
| FX Rate: JPY/JPY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 1,104.17 | 1,166.90 | 1,229.63 | | 1,350.00 | | | |
| Upside / (Downside) | -18.2% | -13.6% | -8.9% | | | | | |