Hikari Business Form Ratios and Metrics

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2010	FY 2009	FY 2008	FY 2007	FY 2006
Period Ending	Feb '26 Feb 12, 2026	Dec '10 Dec 31, 2010	Dec '09 Dec 31, 2009	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006
Market Capitalization	7,083	2,253	3,536	3,769	5,424	11,232
Market Cap Growth	79.03%	-36.27%	-6.19%	-30.50%	-51.71%	78.83%
Enterprise Value	-	2,923	4,133	4,682	6,149	14,747
Last Close Price	1282.00	198.87	300.37	305.96	409.67	406.73
PE Ratio	74.15	22.50	9.97	6.75	11.50	25.73
PS Ratio	1.04	0.33	0.51	0.49	0.78	1.68
PB Ratio	1.14	0.36	0.56	0.61	0.92	1.99
P/TBV Ratio	1.17	0.37	0.57	0.62	0.93	2.03
P/FCF Ratio	18.47	5.88	-	6.71	61.33	-
P/OCF Ratio	16.37	5.21	8.69	4.10	6.85	23.59
EV/Sales Ratio	-	0.43	0.59	0.61	0.88	2.21
EV/EBITDA Ratio	-	4.09	4.18	3.38	6.03	15.76
EV/EBIT Ratio	-	7.68	6.36	4.15	7.07	18.53
EV/FCF Ratio	-	7.62	-	8.33	69.54	-
Debt / Equity Ratio	0.20	0.20	0.20	0.14	0.15	0.13
Debt / EBITDA Ratio	1.75	1.75	1.30	0.64	0.87	0.78
Debt / FCF Ratio	3.27	3.27	-	1.58	10.06	-
Net Debt / Equity Ratio	0.15	0.15	0.15	0.10	0.08	0.07
Net Debt / EBITDA Ratio	1.31	1.31	0.97	0.46	0.45	0.40
Net Debt / FCF Ratio	2.43	2.43	-393.63	1.13	5.14	-0.98
Asset Turnover	0.78	0.78	0.79	0.88	0.84	0.88
Inventory Turnover	17.24	17.24	16.58	17.76	17.85	15.86
Quick Ratio	0.66	0.66	0.59	0.51	0.71	0.96
Current Ratio	0.97	0.97	0.89	0.79	1.02	1.19
Return on Equity (ROE)	1.61%	1.61%	5.71%	9.26%	8.18%	7.89%
Return on Assets (ROA)	2.70%	2.70%	4.60%	8.10%	6.49%	6.52%
Return on Invested Capital (ROIC)	1.33%	1.30%	5.09%	9.67%	7.77%	7.35%
Return on Capital Employed (ROCE)	5.60%	5.60%	9.60%	17.30%	12.90%	12.40%
Earnings Yield	1.41%	4.45%	10.03%	14.82%	8.70%	3.89%
FCF Yield	5.41%	17.02%	-0.07%	14.92%	1.63%	-3.40%
Dividend Yield	3.02%	7.54%	9.99%	15.69%	10.01%	6.64%
Payout Ratio	173.55%	173.55%	78.52%	42.58%	33.21%	35.88%
Buyback Yield / Dilution	0.05%	0.05%	0.03%	0.02%	0.02%	0.02%
Total Shareholder Return	3.03%	7.59%	10.02%	15.71%	10.03%	6.65%

Updated Feb 15, 2011. Source: S&P Global Market Intelligence. Standard template. Financial Sources.