Densan System Holdings 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 3, 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	30,488	38,619	26,822	29,376	23,542	29,464
Market Cap Growth	26.59%	43.98%	-8.69%	24.78%	-20.10%	-14.49%
Enterprise Value	8,695	22,872	12,888	17,191	13,805	20,225
Last Close Price	2850.00	3610.00	2446.72	2625.41	2043.98	2518.67
PE Ratio	10.52	13.34	14.50	14.66	10.03	14.90
Forward PE	9.38	10.70	10.70	10.70	9.96	14.25
PS Ratio	0.45	0.57	0.44	0.49	0.44	0.59
PB Ratio	1.23	1.55	1.20	1.41	1.20	1.67
P/TBV Ratio	1.35	1.70	1.32	1.61	1.41	2.01
P/FCF Ratio	7.75	9.81	9.84	5.71	14.62	13.57
P/OCF Ratio	7.32	9.27	8.88	5.34	12.35	11.66
EV/Sales Ratio	0.13	0.34	0.21	0.29	0.26	0.40
EV/EBITDA Ratio	1.97	5.16	4.02	3.58	3.28	5.20
EV/EBIT Ratio	2.43	6.34	5.57	4.34	4.04	6.44
EV/FCF Ratio	2.21	5.81	4.73	3.34	8.57	9.31
Debt / Equity Ratio	0.03	0.03	0.05	0.07	0.08	0.06
Debt / EBITDA Ratio	0.14	0.14	0.33	0.32	0.35	0.28
Debt / FCF Ratio	0.16	0.16	0.39	0.30	0.92	0.50
Net Debt / Equity Ratio	-0.89	-0.89	-0.82	-0.69	-0.56	-0.71
Net Debt / EBITDA Ratio	-4.97	-4.97	-5.67	-3.00	-2.62	-3.24
Net Debt / FCF Ratio	-5.60	-5.60	-6.68	-2.79	-6.86	-5.79
Asset Turnover	1.04	1.04	1.03	0.92	0.87	1.01
Inventory Turnover	57.64	57.64	53.00	43.44	38.56	33.33
Quick Ratio	0.75	0.75	0.74	0.72	0.41	0.69
Current Ratio	1.42	1.42	1.43	1.42	1.25	1.35
Return on Equity (ROE)	12.35%	12.35%	8.66%	9.96%	12.68%	11.85%
Return on Assets (ROA)	3.45%	3.45%	2.43%	3.84%	3.46%	3.95%
Return on Invested Capital (ROIC)	52.78%	81.66%	31.36%	33.62%	36.32%	45.32%
Return on Capital Employed (ROCE)	13.80%	13.80%	9.70%	17.20%	15.60%	16.20%
Earnings Yield	9.50%	7.50%	6.90%	6.82%	9.97%	6.71%
FCF Yield	12.91%	10.19%	10.16%	17.53%	6.84%	7.37%
Dividend Yield	2.66%	-	2.45%	1.41%	1.71%	0.60%
Payout Ratio	29.80%	29.80%	22.76%	19.36%	16.99%	15.37%
Buyback Yield / Dilution	-0.42%	-0.42%	0.34%	1.02%	-0.03%	-7.02%
Total Shareholder Return	2.23%	-0.42%	2.79%	2.43%	1.68%	-6.42%

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