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 25, 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	491,670	432,342	546,308	377,181	385,138	432,322
Market Cap Growth	14.05%	-20.86%	44.84%	-2.07%	-10.91%	28.11%
Enterprise Value	866,141	821,574	931,206	703,455	698,202	722,877
Last Close Price	2145.00	1860.93	2274.32	1529.22	1528.71	1670.74
PE Ratio	63.47	8.81	12.32	9.40	8.91	15.80
Forward PE	8.74	8.16	11.29	8.56	9.11	13.59
PS Ratio	0.45	0.40	0.53	0.38	0.43	0.54
PB Ratio	1.07	0.81	1.07	0.85	0.92	1.16
P/TBV Ratio	1.37	1.10	1.52	1.13	1.25	1.56
P/FCF Ratio	26.78	16.79	33.82	-	14.48	16.45
P/OCF Ratio	5.45	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	0.80	0.76	0.91	0.70	0.79	0.90
EV/EBITDA Ratio	10.27	7.10	8.38	7.11	6.67	8.36
EV/EBIT Ratio	26.04	12.37	14.43	13.02	11.40	15.23
EV/FCF Ratio	47.17	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	1.57%	11.35%	8.12%	10.64%	11.22%	6.33%
FCF Yield	3.73%	5.96%	2.96%	-2.01%	6.91%	6.08%
Dividend Yield	3.57%	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	3.34%	3.68%	2.44%	3.32%	3.57%	-9.43%

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