| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 7624 | 8020 | 7482 | 8098 | 7635 | | 8093 | |
| TSE:7624 | TSE:8020 | TSE:7482 | TSE:8098 | TSE:7635 | | TSE:8093 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -1.3% | 7.8% | 4.7% | 6.9% | 5.2% | | -2.6% | |
| 3Y CAGR | -0.4% | 11.0% | 8.1% | 7.2% | 10.6% | | 10.1% | |
| Latest Twelve Months | 0.7% | -15.0% | 5.7% | 4.2% | 2.7% | | 32.8% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 1.1% | 1.7% | 2.9% | 2.8% | 1.0% | | 2.2% | |
| Prior Fiscal Year | 1.1% | 3.8% | 5.7% | 2.8% | 1.5% | | 2.5% | |
| Latest Fiscal Year | 1.1% | 4.0% | 5.0% | 3.1% | 1.1% | | 3.9% | |
| Latest Twelve Months | 1.2% | 3.9% | NA | 3.1% | 1.3% | | NA | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.14x | 0.34x | 0.38x | 0.22x | 0.04x | | 0.17x | |
| EV / LTM EBIT | 11.1x | 8.7x | 7.5x | 7.0x | 2.9x | | 3.9x | |
| Price / LTM Sales | 0.18x | 0.25x | 0.50x | 0.22x | 0.09x | | 0.38x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.04x | 0.22x | 0.38x | | | | | |
| Historical EV / LTM Revenue | -0.07x | 0.13x | 0.29x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.19x | 0.20x | 0.21x | | | | | |
| (x) LTM Revenue | 58,535 | 58,535 | 58,535 | | | | | |
| (=) Implied Enterprise Value | 11,357 | 11,955 | 12,552 | | | | | |
| (-) Non-shareholder Claims * | 12,228 | 12,228 | 12,228 | | | | | |
| (=) Equity Value | 23,585 | 24,183 | 24,780 | | | | | |
| (/) Shares Outstanding | 12.0 | 12.0 | 12.0 | | | | | |
| Implied Value Range | 1,962.06 | 2,011.78 | 2,061.51 | | | | | |
| FX Rate: JPY/JPY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 1,962.06 | 2,011.78 | 2,061.51 | | 1,849.00 | | | |
| Upside / (Downside) | 6.1% | 8.8% | 11.5% | | | | | |