| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 9073 | 9034 | 9051 | 9042 | 9008 | | 9046 | |
| TSE:9073 | TSE:9034 | TSE:9051 | TSE:9042 | TSE:9008 | | TSE:9046 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -2.2% | 2.5% | 1.3% | 4.7% | -1.8% | | -0.6% | |
| 3Y CAGR | -1.1% | 5.0% | 3.0% | 20.6% | 9.0% | | 3.3% | |
| Latest Twelve Months | 1.3% | 3.9% | 10.4% | 7.8% | 15.5% | | 2.2% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 1.0% | 10.9% | 4.2% | 7.3% | 4.2% | | 6.5% | |
| Prior Fiscal Year | 0.1% | 11.0% | 4.5% | 9.2% | 6.2% | | 6.5% | |
| Latest Fiscal Year | 0.4% | 12.6% | 3.3% | 10.6% | 10.7% | | 8.3% | |
| Latest Twelve Months | 0.4% | 12.7% | 4.0% | 10.1% | 12.0% | | 9.3% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.29x | 0.84x | 0.52x | 1.74x | 1.74x | | 3.01x | |
| EV / LTM EBIT | 72.9x | 6.7x | 13.1x | 17.2x | 14.5x | | 32.4x | |
| Price / LTM Sales | 0.42x | 0.65x | 0.29x | 0.93x | 1.08x | | 0.86x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.29x | 0.84x | 1.74x | | | | | |
| Historical EV / LTM Revenue | 3.31x | 3.83x | 4.19x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.02x | 3.18x | 3.34x | | | | | |
| (x) LTM Revenue | 22,390 | 22,390 | 22,390 | | | | | |
| (=) Implied Enterprise Value | 67,599 | 71,157 | 74,715 | | | | | |
| (-) Non-shareholder Claims * | (48,228) | (48,228) | (48,228) | | | | | |
| (=) Equity Value | 19,371 | 22,929 | 26,487 | | | | | |
| (/) Shares Outstanding | 7.9 | 7.9 | 7.9 | | | | | |
| Implied Value Range | 2,448.07 | 2,897.70 | 3,347.34 | | | | | |
| FX Rate: JPY/JPY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 2,448.07 | 2,897.70 | 3,347.34 | | 2,381.00 | | | |
| Upside / (Downside) | 2.8% | 21.7% | 40.6% | | | | | |