Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Perpetuity Growth Rate | 5.3% - 5.8% | 5.5% |
| Discount Rate | 9.8% - 8.8% | 9.3% |
| Fair Value | $9.66 - $14.19 | $11.48 |
| Upside | 23.1% - 80.8% | 46.2% |
| Project Adjusted Dividends | ||||||||
| Fiscal Year Ending | ||||||||
| (JPY in millions) | Mar-25 | Mar-26 | Mar-27 | Mar-28 | Mar-29 | Mar-30 | Terminal | |
| Net Income to Common | 8,064 | 13,748 | 16,569 | 16,427 | 17,560 | 18,835 | 18,835 | |
| % Growth | -32.3% | 70.5% | 20.5% | -0.9% | 6.9% | 7.3% | ||
| Payout Ratio | 128.3% | 90.0% | 90.0% | 90.0% | 90.0% | 90.0% | 92.5% | |
| Projected Dividends | 10,346 | 12,373 | 14,912 | 14,784 | 15,804 | 16,951 | 17,422 | |
| % Growth | 19.6% | 20.5% | -0.9% | 6.9% | 7.3% | |||
| Historical Performance | ||||||||
| Fiscal Year Ending | YTD | YTD | ||||||
| (JPY in millions) | Mar-21 | Mar-22 | Mar-23 | Mar-24 | Mar-25 | Jun-24 | Jun-25 | |
| Cash Dividends Paid | 10,916 | 10,918 | 10,801 | 10,598 | 10,346 | 0 | 0 | |
| % Growth | 0% | -1% | -2% | -2% | NM | |||
| Net Income to Common | 12,014 | 15,889 | 13,079 | 11,909 | 8,064 | 6,178 | 3,721 | |
| % Growth | 32% | -18% | -9% | -32% | -40% | |||
| Payout Ratio | 91% | 69% | 83% | 89% | 128% | 0% | 0% | |
| Retention Ratio | 9% | 31% | 17% | 11% | -28% | 100% | 100% | |
| Adjusted EBITDA | 26,448 | 33,403 | 29,126 | 26,063 | 24,946 | NA | 6,408 | |
| % Growth | 26% | -13% | -11% | -4% | NA | |||
| Total Debt | 53,287 | 49,735 | 49,739 | 54,428 | 46,761 | 49,925 | 42,353 | |
| Shareholder's Equity | 211,895 | 218,897 | 221,600 | 231,153 | 218,876 | 232,433 | 217,051 | |
| Debt / EBITDA | 2.0 | 1.5 | 1.7 | 2.1 | 1.9 | NM | ||
| Debt / Equity | 25% | 23% | 22% | 24% | 21% | 21% | 20% | |
| 3-Yr Avg. Dividend Growth | -1.8% | |||||||
| 5-Yr Median Payout Ratio | 89.0% | |||||||