| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 9065 | 9381 | 9143 | 9325 | 9312 | | 9037 | |
| TSE:9065 | TSE:9381 | TSE:9143 | TSE:9325 | TSE:9312 | | TSE:9037 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -0.3% | 13.1% | 3.3% | NM- | -1.3% | | 3.9% | |
| 3Y CAGR | 1.8% | 3.9% | 0.1% | 28.6% | -1.1% | | 5.7% | |
| Latest Twelve Months | 5.8% | 1.0% | 9.6% | 17.4% | 4.2% | | 6.9% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 6.5% | 6.4% | 8.0% | 4.3% | 5.6% | | 8.8% | |
| Prior Fiscal Year | 6.6% | 7.6% | 9.4% | 4.8% | 6.4% | | 8.8% | |
| Latest Fiscal Year | 6.2% | 8.4% | 6.8% | 4.8% | 5.7% | | 8.8% | |
| Latest Twelve Months | 6.9% | 7.6% | 6.5% | 4.7% | 5.9% | | 9.1% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.50x | 0.40x | 0.68x | 0.22x | 0.09x | | 0.67x | |
| EV / LTM EBIT | 7.2x | 5.2x | 10.4x | 4.7x | 1.6x | | 7.4x | |
| Price / LTM Sales | 0.52x | 0.68x | 0.66x | 0.31x | 0.28x | | 0.63x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.09x | 0.40x | 0.68x | | | | | |
| Historical EV / LTM Revenue | 0.49x | 0.50x | 0.59x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.61x | 0.64x | 0.67x | | | | | |
| (x) LTM Revenue | 146,492 | 146,492 | 146,492 | | | | | |
| (=) Implied Enterprise Value | 88,637 | 93,302 | 97,967 | | | | | |
| (-) Non-shareholder Claims * | (6,489) | (6,489) | (6,489) | | | | | |
| (=) Equity Value | 82,148 | 86,813 | 91,478 | | | | | |
| (/) Shares Outstanding | 74.0 | 74.0 | 74.0 | | | | | |
| Implied Value Range | 1,110.22 | 1,173.27 | 1,236.31 | | | | | |
| FX Rate: JPY/JPY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 1,110.22 | 1,173.27 | 1,236.31 | | 1,243.00 | | | |
| Upside / (Downside) | -10.7% | -5.6% | -0.5% | | | | | |