| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 9381 | 9065 | 9325 | 9143 | 9064 | | 9304 | |
| TSE:9381 | TSE:9065 | TSE:9325 | TSE:9143 | TSE:9064 | | TSE:9304 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 13.1% | -0.3% | NM- | 3.3% | 1.6% | | 2.6% | |
| 3Y CAGR | 3.9% | 1.8% | 28.6% | 0.1% | 1.2% | | 4.0% | |
| Latest Twelve Months | 1.0% | 5.8% | 17.4% | 9.6% | -2.0% | | 3.9% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 6.4% | 6.5% | 4.3% | 8.0% | 3.5% | | 6.0% | |
| Prior Fiscal Year | 7.6% | 6.6% | 4.8% | 9.4% | 3.3% | | 6.2% | |
| Latest Fiscal Year | 8.4% | 6.2% | 4.8% | 6.8% | 2.3% | | 5.8% | |
| Latest Twelve Months | 7.6% | 6.9% | 4.7% | 6.5% | 0.9% | | 6.0% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.48x | 0.54x | 0.26x | 0.71x | 0.37x | | 0.50x | |
| EV / LTM EBIT | 6.3x | 7.8x | 5.4x | 10.9x | 40.2x | | 8.4x | |
| Price / LTM Sales | 0.76x | 0.56x | 0.34x | 0.69x | 0.39x | | 0.64x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.26x | 0.48x | 0.71x | | | | | |
| Historical EV / LTM Revenue | 0.34x | 0.52x | 0.59x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.47x | 0.49x | 0.52x | | | | | |
| (x) LTM Revenue | 77,168 | 77,168 | 77,168 | | | | | |
| (=) Implied Enterprise Value | 36,111 | 38,012 | 39,912 | | | | | |
| (-) Non-shareholder Claims * | 10,263 | 10,263 | 10,263 | | | | | |
| (=) Equity Value | 46,374 | 48,275 | 50,175 | | | | | |
| (/) Shares Outstanding | 14.4 | 14.4 | 14.4 | | | | | |
| Implied Value Range | 3,221.79 | 3,353.83 | 3,485.87 | | | | | |
| FX Rate: JPY/JPY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 3,221.79 | 3,353.83 | 3,485.87 | | 3,420.00 | | | |
| Upside / (Downside) | -5.8% | -1.9% | 1.9% | | | | | |