Ray Corporation Ratios and Metrics

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Apr '26 Apr 21, 2026	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Market Capitalization	6,867	9,130	5,546	6,423	6,520	4,858
Market Cap Growth	24.13%	64.63%	-13.66%	-1.48%	34.22%	-10.08%
Enterprise Value	4,369	7,662	4,079	4,912	5,380	4,324
Last Close Price	522.00	694.00	399.47	421.72	412.62	297.88
PE Ratio	5.30	7.01	7.44	7.85	9.12	11.59
PS Ratio	0.51	0.68	0.53	0.57	0.52	0.44
PB Ratio	0.88	1.18	0.82	0.98	1.08	0.89
P/TBV Ratio	0.88	1.18	0.82	0.98	1.08	0.89
P/FCF Ratio	7.19	9.56	6.57	16.73	11.83	5.16
P/OCF Ratio	2.93	3.90	3.29	6.14	9.04	4.72
EV/Sales Ratio	0.33	0.57	0.39	0.44	0.43	0.39
EV/EBITDA Ratio	1.69	3.11	2.75	2.94	2.88	3.00
EV/EBIT Ratio	2.29	4.29	4.25	4.05	3.84	4.65
EV/FCF Ratio	4.58	8.02	4.83	12.79	9.76	4.60
Debt / Equity Ratio	0.07	0.07	0.11	0.16	0.21	0.38
Debt / EBITDA Ratio	0.23	0.23	0.52	0.61	0.69	1.42
Debt / FCF Ratio	0.59	0.59	0.91	2.64	2.35	2.18
Net Debt / Equity Ratio	-0.32	-0.32	-0.31	-0.28	-0.31	-0.28
Net Debt / EBITDA Ratio	-1.01	-1.01	-1.42	-1.09	-0.99	-1.08
Net Debt / FCF Ratio	-2.62	-2.62	-2.49	-4.73	-3.35	-1.65
Asset Turnover	1.34	1.34	1.13	1.18	1.29	1.20
Inventory Turnover	12.22	12.22	20.16	31.30	36.48	32.18
Quick Ratio	1.73	1.73	2.22	2.16	1.87	1.62
Current Ratio	2.12	2.12	2.49	2.35	2.02	1.71
Return on Equity (ROE)	17.89%	17.89%	11.16%	12.99%	12.41%	7.90%
Return on Assets (ROA)	11.15%	11.15%	6.48%	7.98%	9.03%	6.30%
Return on Invested Capital (ROIC)	21.62%	24.49%	14.61%	18.24%	20.30%	11.09%
Return on Capital Employed (ROCE)	22.20%	22.20%	13.80%	17.90%	22.20%	15.90%
Earnings Yield	18.97%	14.27%	13.43%	12.74%	10.97%	8.63%
FCF Yield	13.91%	10.46%	15.22%	5.98%	8.45%	19.37%
Dividend Yield	2.88%	2.88%	3.75%	3.56%	3.64%	3.36%
Payout Ratio	15.35%	15.35%	28.19%	26.16%	19.86%	16.95%
Buyback Yield / Dilution	4.06%	4.06%	3.49%	0.32%	-	-
Total Shareholder Return	6.94%	6.94%	7.25%	3.88%	3.64%	3.36%

Updated Feb 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.