BroadBand Tower 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	Feb '26 Feb 11, 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	13,828	11,247	11,289	7,962	9,965	11,626
Market Cap Growth	23.84%	-0.37%	41.79%	-20.11%	-14.29%	-40.75%
Enterprise Value	12,505	9,616	10,239	8,893	11,888	15,425
Last Close Price	225.00	183.00	180.80	126.45	156.19	183.72
PE Ratio	46.07	37.49	27.94	80.42	-	-
PS Ratio	0.90	0.74	0.84	0.60	0.71	0.75
PB Ratio	1.15	0.93	0.94	0.68	0.85	0.87
P/TBV Ratio	1.80	1.46	1.51	1.16	1.54	1.60
P/FCF Ratio	27.17	22.10	5.10	-	18.29	23.35
P/OCF Ratio	10.33	8.40	4.09	10.80	5.77	7.29
EV/Sales Ratio	0.82	0.63	0.76	0.67	0.84	0.99
EV/EBITDA Ratio	7.13	5.50	5.59	7.59	9.99	10.18
EV/EBIT Ratio	15.31	11.86	15.33	-	-	285.65
EV/FCF Ratio	24.57	18.89	4.63	-	21.81	30.97
Debt / Equity Ratio	0.20	0.20	0.25	0.31	0.38	0.38
Debt / EBITDA Ratio	1.35	1.35	1.60	3.11	3.80	3.35
Debt / FCF Ratio	4.64	4.64	1.33	-	8.30	10.18
Net Debt / Equity Ratio	-0.38	-0.38	-0.39	-0.22	-0.21	-0.04
Net Debt / EBITDA Ratio	-2.64	-2.64	-2.55	-2.15	-2.09	-0.31
Net Debt / FCF Ratio	-9.06	-9.06	-2.11	37.57	-4.57	-0.96
Asset Turnover	0.79	0.79	0.68	0.66	0.63	0.65
Inventory Turnover	98.07	98.07	58.20	69.45	39.02	33.73
Quick Ratio	1.98	1.98	1.99	1.89	2.04	1.70
Current Ratio	2.13	2.13	2.14	2.08	2.19	2.03
Return on Equity (ROE)	2.29%	2.29%	2.40%	-1.53%	-2.33%	-4.03%
Return on Assets (ROA)	2.60%	2.60%	2.13%	-0.27%	-1.01%	0.14%
Return on Invested Capital (ROIC)	5.48%	5.50%	4.89%	-0.92%	-3.26%	0.43%
Return on Capital Employed (ROCE)	5.50%	5.50%	4.40%	-0.60%	-2.20%	0.30%
Earnings Yield	2.17%	2.67%	3.58%	1.24%	-3.92%	-0.03%
FCF Yield	3.68%	4.53%	19.60%	-0.84%	5.47%	4.28%
Dividend Yield	0.89%	-	1.11%	1.58%	1.28%	-
Payout Ratio	61.42%	41.33%	30.45%	124.24%	-	-
Buyback Yield / Dilution	1.30%	1.30%	-1.67%	-0.33%	-1.87%	-0.18%
Total Shareholder Return	2.22%	1.30%	-0.57%	1.26%	-0.59%	-0.18%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.