Nippon Aqua Ratios and Metrics

Market cap in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 5, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	25,962	27,521	24,247	27,859	25,927	22,192
Market Cap Growth	6.66%	13.50%	-12.96%	7.45%	16.83%	5.85%
Enterprise Value	28,360	30,153	26,358	29,663	28,697	23,939
Last Close Price	806.00	863.00	741.84	815.99	733.79	591.40
PE Ratio	13.56	14.52	13.19	13.90	16.74	23.29
PS Ratio	0.77	0.82	0.80	0.98	1.01	0.93
PB Ratio	2.23	2.37	2.30	2.99	3.26	2.79
P/TBV Ratio	2.25	2.38	2.32	3.02	3.29	2.83
P/FCF Ratio	25.01	26.51	-	7.48	-	115.58
P/OCF Ratio	17.19	18.22	-	6.93	-	42.68
EV/Sales Ratio	0.84	0.90	0.87	1.05	1.12	1.00
EV/EBITDA Ratio	9.49	10.09	9.36	9.50	11.25	14.79
EV/EBIT Ratio	10.22	10.87	10.23	10.29	12.32	16.95
EV/FCF Ratio	27.32	29.05	-	7.96	-	124.68
Debt / Equity Ratio	0.41	0.41	0.43	0.26	0.77	0.41
Debt / EBITDA Ratio	1.61	1.61	1.61	0.78	2.40	2.03
Debt / FCF Ratio	4.64	4.64	-	0.66	-	17.10
Net Debt / Equity Ratio	0.21	0.21	0.22	0.04	0.43	0.17
Net Debt / EBITDA Ratio	0.80	0.80	0.80	0.13	1.35	0.84
Net Debt / FCF Ratio	2.31	2.31	-3.24	0.11	-6.05	7.07
Asset Turnover	1.35	1.35	1.36	1.34	1.28	1.39
Inventory Turnover	10.14	10.14	10.56	8.04	9.77	17.41
Quick Ratio	1.20	1.20	1.22	1.20	1.00	1.23
Current Ratio	1.42	1.42	1.40	1.42	1.23	1.34
Return on Equity (ROE)	17.10%	17.10%	18.53%	23.21%	19.46%	12.23%
Return on Assets (ROA)	6.95%	6.95%	7.24%	8.50%	7.23%	5.15%
Return on Invested Capital (ROIC)	13.78%	14.02%	16.20%	18.79%	14.76%	10.61%
Return on Capital Employed (ROCE)	23.70%	23.70%	24.20%	30.40%	28.90%	17.40%
Earnings Yield	7.30%	6.89%	7.58%	7.19%	5.97%	4.29%
FCF Yield	4.00%	3.77%	-2.88%	13.38%	-2.19%	0.86%
Dividend Yield	4.46%	4.06%	-	-	-	-
Payout Ratio	57.22%	57.22%	54.65%	37.48%	41.70%	67.79%
Buyback Yield / Dilution	-1.55%	-1.55%	-0.05%	2.72%	0.09%	-0.03%
Total Shareholder Return	2.80%	2.51%	-0.05%	2.72%	0.09%	-0.03%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.