CHANGE Holdings,Inc. Ratios and Metrics

Market cap in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 21, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Market Capitalization	68,257	64,708	87,113	90,661	169,628	143,732
Market Cap Growth	-25.51%	-25.72%	-3.91%	-46.55%	18.02%	-14.61%
Enterprise Value	79,220	77,489	106,818	85,961	152,586	118,205
Last Close Price	981.00	930.00	1221.43	1203.92	2220.07	1873.08
PE Ratio	9.84	9.33	11.57	20.96	43.99	38.54
Forward PE	-	12.71	12.71	12.71	22.49	31.80
PS Ratio	1.29	1.23	1.88	2.45	8.47	9.26
PB Ratio	1.25	1.18	1.75	1.90	4.31	4.05
P/TBV Ratio	7.86	7.45	23.79	5.48	6.73	5.20
P/FCF Ratio	9.93	9.41	11.38	8.26	-	35.90
P/OCF Ratio	9.41	8.92	11.12	7.51	-	32.95
EV/Sales Ratio	1.50	1.47	2.30	2.32	7.62	7.61
EV/EBITDA Ratio	5.69	5.64	7.21	7.45	23.35	19.79
EV/EBIT Ratio	7.02	6.99	8.59	8.69	27.43	22.04
EV/FCF Ratio	11.52	11.27	13.96	7.83	-	29.52
Debt / Equity Ratio	0.53	0.53	0.69	0.50	0.09	0.05
Debt / EBITDA Ratio	2.12	2.12	2.33	2.08	0.52	0.28
Debt / FCF Ratio	4.24	4.24	4.50	2.19	-	0.42
Net Debt / Equity Ratio	0.05	0.05	0.09	-0.30	-0.50	-0.81
Net Debt / EBITDA Ratio	0.21	0.21	0.29	-1.25	-2.99	-4.81
Net Debt / FCF Ratio	0.43	0.43	0.56	-1.31	5.77	-7.17
Asset Turnover	0.50	0.50	0.48	0.52	0.42	-
Inventory Turnover	50.09	50.09	48.87	31.69	26.08	-
Quick Ratio	1.92	1.92	2.05	2.50	3.63	5.99
Current Ratio	2.00	2.00	2.13	2.69	3.80	6.07
Return on Equity (ROE)	13.75%	13.75%	16.46%	10.34%	10.45%	-
Return on Assets (ROA)	6.59%	6.59%	8.00%	8.69%	7.27%	-
Return on Invested Capital (ROIC)	12.27%	12.94%	17.91%	22.59%	28.97%	59.42%
Return on Capital Employed (ROCE)	13.70%	13.70%	15.30%	14.40%	12.80%	14.60%
Earnings Yield	10.16%	10.72%	8.65%	4.77%	2.27%	2.59%
FCF Yield	10.07%	10.63%	8.78%	12.10%	-2.00%	2.79%
Dividend Yield	2.34%	-	1.65%	1.00%	0.32%	0.48%
Payout Ratio	20.96%	20.96%	17.94%	16.69%	8.40%	-
Buyback Yield / Dilution	0.90%	0.90%	4.56%	0.03%	0.36%	-3.31%
Total Shareholder Return	3.24%	0.90%	6.20%	1.02%	0.67%	-2.83%

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