Key Management Indicators

Related tables and Definition are shown at the bottom of this page.

Profitability and Growth

(unit: billion yen)

For the years ended March 31	2016	2017	2018	2019	2020
Operating cash flow	257.1	217.4	240.3	246.4	213.0
Capital expenditures	232.0	203.3	208.7	223.7	227.0
Depreciation*	145.1	164.3	165.3	161.8	169.6

Definition 1Operating cash flow = net Profit + amortization of long-term prepaid expenses + depreciation

* Depreciation includes amortization of long-term prepayments

(unit: %)

For the years ended March 31	2016	2017	2018	2019	2020
Operating Profit Margin	10.2	3.7	6.5	4.8	5.3
Return on Sales	5.9	3.4	4.2	4.3	2.3

(unit: %)

As of March 31	2016	2017	2018	2019	2020
ROE (Return On Equity)	10.3	4.8	6.7	7.4	3.8
ROA (Return On Asset)	5.0	2.4	3.3	3.6	1.7

Definition 2ROE = net profit / total equity (average of positions at start and end of fiscal year)

Definition 3ROA = net profit / total assets (average of positions at start and end of fiscal year)

As of March 31	2016	2017	2018	2019	2020
Interest-bearing debt (billion yen)	715.7	713.5	724.9	803.2	905.0
Equity ratio (%)	48.9	49.4	48.7	47.7	45.2
D/E ratio (times)	0.65	0.65	0.64	0.69	0.79

Definition 4Equity ratio = equity (year-end) / total assets (year-end) x100

Definition 5Debt-equity ratio = interest-bearing debt (year-end) / total shareholders' equity (year-end)

(unit: yen)

As of March 31	2016	2017	2018	2019	2020
EPS (Earnings per Share, fully diluted EPS)	46.7	23.0	164.1	187.6	98.1
BPS (Book Value per Share)	460.4	479.7	2,487.6	2,576.0	2,602.7
PER (Price Earnings Ratio) (times)	11.2	22.0	17.2	16.0	26.1
PBR (Price Book Value Ratio) (times)	1.1	1.1	1.1	1.2	1.0

Definition 6EPS = net profit/average number of issued shares

Definition 7BPS = equity/number of issued shares (year-end)

* As of October 1,2017, the company carried out a share consolidation at a ratio of 5 common shares to 1.