| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 8145 | 9259 | 7698 | 5884 | 7601 | | 4380 | |
| NSE:8145 | TSE:9259 | TSE:7698 | TSE:5884 | TSE:7601 | | TSE:4380 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -2.4% | 6.3% | 7.5% | NM- | -13.9% | | 12.3% | |
| 3Y CAGR | -3.7% | 12.3% | 7.6% | 31.3% | -13.7% | | 14.7% | |
| Latest Twelve Months | -1.1% | 9.1% | 9.7% | NM | -3.0% | | 15.4% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 0.6% | 13.1% | 0.8% | -1.2% | -1.9% | | 30.6% | |
| Prior Fiscal Year | 0.3% | 13.8% | 0.3% | -5.6% | 0.4% | | 35.5% | |
| Latest Fiscal Year | 1.0% | 11.6% | 0.9% | 0.7% | 3.2% | | 41.3% | |
| Latest Twelve Months | 1.1% | 11.6% | 0.9% | -2.8% | 3.7% | | 38.6% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | -0.04x | 0.23x | 0.14x | 0.99x | 0.09x | | 3.26x | |
| EV / LTM EBIT | -4.0x | 2.0x | 15.6x | -34.7x | 2.4x | | 8.5x | |
| Price / LTM Sales | 0.12x | 0.43x | 0.13x | 1.10x | 0.20x | | 4.95x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | -0.04x | 0.14x | 0.99x | | | | | |
| Historical EV / LTM Revenue | 2.57x | 4.34x | 4.75x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.45x | 2.58x | 2.71x | | | | | |
| (x) LTM Revenue | 1,238 | 1,238 | 1,238 | | | | | |
| (=) Implied Enterprise Value | 3,032 | 3,192 | 3,351 | | | | | |
| (-) Non-shareholder Claims * | 2,082 | 2,082 | 2,082 | | | | | |
| (=) Equity Value | 5,114 | 5,274 | 5,433 | | | | | |
| (/) Shares Outstanding | 4.9 | 4.9 | 4.9 | | | | | |
| Implied Value Range | 1,045.76 | 1,078.39 | 1,111.03 | | | | | |
| FX Rate: JPY/JPY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 1,045.76 | 1,078.39 | 1,111.03 | | 1,251.00 | | | |
| Upside / (Downside) | -16.4% | -13.8% | -11.2% | | | | | |