Air Water Ratios and Metrics

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 4, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Market Capitalization	465,540	432,342	546,308	377,181	385,138	432,322
Market Cap Growth	6.60%	-20.86%	44.84%	-2.07%	-10.91%	28.11%
Enterprise Value	840,011	821,574	931,206	703,455	698,202	722,877
Last Close Price	2031.00	1860.93	2274.32	1529.22	1528.71	1670.74
PE Ratio	60.08	8.81	12.32	9.40	8.91	15.80
Forward PE	8.28	8.16	11.29	8.56	9.11	13.59
PS Ratio	0.43	0.40	0.53	0.38	0.43	0.54
PB Ratio	1.01	0.81	1.07	0.85	0.92	1.16
P/TBV Ratio	1.30	1.10	1.52	1.13	1.25	1.56
P/FCF Ratio	25.35	16.79	33.82	-	14.48	16.45
P/OCF Ratio	5.16	4.64	6.86	6.62	5.38	5.64
PEG Ratio	-	0.61	0.61	0.61	0.63	3.85
EV/Sales Ratio	0.77	0.76	0.91	0.70	0.79	0.90
EV/EBITDA Ratio	9.96	7.10	8.38	7.11	6.67	8.36
EV/EBIT Ratio	25.26	12.37	14.43	13.02	11.40	15.23
EV/FCF Ratio	45.74	31.90	57.64	-	26.25	27.50
Debt / Equity Ratio	0.92	0.82	0.87	0.87	0.89	0.91
Debt / EBITDA Ratio	5.24	3.82	3.99	3.94	3.57	3.91
Debt / FCF Ratio	23.07	17.15	27.44	-	14.05	12.85
Net Debt / Equity Ratio	0.78	0.69	0.74	0.73	0.75	0.78
Net Debt / EBITDA Ratio	4.45	3.21	3.40	3.28	3.00	3.37
Net Debt / FCF Ratio	19.59	14.40	23.41	-42.69	11.81	11.10
Asset Turnover	0.93	0.87	0.89	0.95	0.91	0.88
Inventory Turnover	8.17	8.85	8.71	9.56	9.57	9.47
Quick Ratio	0.90	0.96	0.97	1.00	1.01	1.00
Current Ratio	1.38	1.39	1.42	1.44	1.43	1.40
Return on Equity (ROE)	1.66%	9.64%	9.66%	9.92%	11.71%	8.38%
Return on Assets (ROA)	1.59%	3.36%	3.49%	3.19%	3.93%	3.25%
Return on Invested Capital (ROIC)	1.11%	5.04%	5.39%	5.06%	6.33%	4.44%
Return on Capital Employed (ROCE)	3.50%	7.20%	7.10%	6.80%	8.10%	6.90%
Earnings Yield	1.66%	11.35%	8.12%	10.64%	11.22%	6.33%
FCF Yield	3.94%	5.96%	2.96%	-2.01%	6.91%	6.08%
Dividend Yield	3.56%	4.03%	2.81%	3.66%	3.66%	-
Payout Ratio	221.01%	30.80%	32.00%	32.49%	25.93%	38.23%
Buyback Yield / Dilution	-0.30%	-0.35%	-0.37%	-0.35%	-0.09%	-9.43%
Total Shareholder Return	3.26%	3.68%	2.44%	3.32%	3.57%	-9.43%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.