Investor Relations
Key Management Indicators
Profitability and Growth
Operating cash flow
Operating Profit Margin
Definition
(unit: billion yen)
| For the years ended March 31 | 2019 |
2020 |
2021 |
2022 |
2023 |
|---|---|---|---|---|---|
| Operating cash flow | 246.4 |
213.1 |
229.3 |
296.6 |
490.2 |
| Capital expenditures | 223.7 |
227.0 |
246.4 |
207.2 |
213.2 |
| Depreciation* | 161.8 |
169.8 |
179.8 |
200.9 |
209.3 |
Definition 1 Operating 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 | 2019 |
2020 |
2021 |
2022 |
2023 |
|---|---|---|---|---|---|
| Operating Profit Margin | 4.8 |
5.3 |
4.4 |
5.9 |
12.8 |
| Return on Sales | 4.3 |
2.3 |
2.8 |
4.4 |
8.5 |
Efficiency
ROE (Return On Equity)
ROA (Return On Asset)
Definition
(unit: %)
| As of March 31 | 2019 |
2020 |
2021 |
2022 |
2023 |
|---|---|---|---|---|---|
| ROE (Return On Equity) | 7.4 |
3.8 |
4.3 |
7.9 |
20.0 |
| ROA (Return On Asset) | 3.6 |
1.7 |
1.9 |
3.2 |
8.3 |
Definition 2 ROE = net profit / total equity (average of positions at start and end of fiscal year)
Definition 3 ROA = net profit / total assets (average of positions at start and end of fiscal year)
Soundness
Interest-bearing debt
Equity ratio
D/E ratio
Definition
| As of March 31 | 2019 |
2020 |
2021 |
2022 |
2023 |
|---|---|---|---|---|---|
| Interest-bearing debt (billion yen) | 803.2 |
905.0 |
1,065.9 |
1,220.5 |
1,263.2 |
| Equity ratio (%) | 47.7 |
45.2 |
42.1 |
39.3 |
43.5 |
| D/E ratio (times) | 0.69 |
0.79 |
0.92 |
0.98 |
0.81 |
Definition 4 Equity ratio = equity (year-end) / total assets (year-end) x100
Definition 5 Debt-equity ratio = interest-bearing debt (year-end) / total shareholders' equity (year-end)
Performance Indicators
EPS (Earnings per Share, adjusted for latent shares)
BPS (Book Value per Share)
Definition
(unit: yen)
| As of March 31 | 2019 |
2020 |
2021 |
2022 |
2023 |
|---|---|---|---|---|---|
| EPS (Earnings per Share, fully diluted EPS) | 187.6 |
97.9 |
112.3 |
217.7 |
647.0 |
| BPS (Book Value per Share) | 2,576.0 |
2,602.5 |
2,616.4 |
2,847.9 |
3,595.6 |
| PER (Price Earnings Ratio) (times) | 16.0 |
26.1 |
21.9 |
10.3 |
3.9 |
| PBR (Price Book Value Ratio) (times) | 1.2 |
1.0 |
0.9 |
0.8 |
0.7 |
Definition 6 EPS = net profit/average number of issued shares
Definition 7 BPS = 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.
