| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 4527 | 6630 | 7823 | 2930 | 5194 | | 4920 | |
| TSE:4527 | TSE:6630 | TSE:7823 | TSE:2930 | TSE:5194 | | TSE:4920 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 8.1% | 3.3% | 2.4% | NM- | -0.5% | | 7.6% | |
| 3Y CAGR | 14.3% | -4.4% | 6.1% | 7.5% | 3.0% | | 26.5% | |
| Latest Twelve Months | 12.1% | -23.4% | 0.3% | -19.4% | -9.9% | | 17.2% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 13.6% | 11.1% | 6.3% | 12.1% | 14.4% | | -0.9% | |
| Prior Fiscal Year | 14.1% | 14.3% | 7.9% | 9.9% | 11.0% | | 2.9% | |
| Latest Fiscal Year | 14.8% | 1.3% | 6.1% | 14.2% | 7.1% | | 2.8% | |
| Latest Twelve Months | 12.5% | -2.4% | 3.5% | 14.2% | 1.3% | | 2.8% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.59x | 1.22x | 0.20x | 1.15x | 2.48x | | 0.59x | |
| EV / LTM EBIT | 12.8x | -50.6x | 5.6x | 8.1x | 196.7x | | 21.3x | |
| Price / LTM Sales | 1.79x | 1.92x | 0.61x | 1.68x | 1.74x | | 0.12x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.20x | 1.22x | 2.48x | | | | | |
| Historical EV / LTM Revenue | 0.59x | 0.96x | 1.11x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.64x | 0.67x | 0.70x | | | | | |
| (x) LTM Revenue | 17,632 | 17,632 | 17,632 | | | | | |
| (=) Implied Enterprise Value | 11,197 | 11,786 | 12,376 | | | | | |
| (-) Non-shareholder Claims * | (8,342) | (8,342) | (8,342) | | | | | |
| (=) Equity Value | 2,855 | 3,444 | 4,034 | | | | | |
| (/) Shares Outstanding | 2.1 | 2.1 | 2.1 | | | | | |
| Implied Value Range | 1,362.27 | 1,643.46 | 1,924.66 | | | | | |
| FX Rate: JPY/JPY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 1,362.27 | 1,643.46 | 1,924.66 | | 1,004.00 | | | |
| Upside / (Downside) | 35.7% | 63.7% | 91.7% | | | | | |