Shinhokoku Material Ratios and Metrics

Market cap in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Mar '26 Mar 4, 2026	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012
Market Capitalization	5,205	3,625	2,602	2,519	980	867
Market Cap Growth	12.80%	39.30%	3.28%	157.09%	12.97%	-11.08%
Enterprise Value	-	3,436	3,087	3,363	1,837	2,179
Last Close Price	781.00	417.26	294.90	281.91	109.20	95.58
PE Ratio	7.86	5.51	4.42	5.86	6.13	7.11
PS Ratio	0.97	0.68	0.55	0.68	0.34	0.28
PB Ratio	1.93	1.34	1.24	1.65	0.88	0.93
P/TBV Ratio	1.95	1.36	1.25	1.69	0.91	0.94
P/FCF Ratio	8.13	5.66	7.29	12.66	26.49	3.87
P/OCF Ratio	6.51	4.54	5.40	7.73	8.83	2.32
EV/Sales Ratio	-	0.64	0.65	0.91	0.63	0.70
EV/EBITDA Ratio	-	3.29	4.40	6.23	6.63	8.72
EV/EBIT Ratio	-	3.87	5.36	8.09	12.67	20.56
EV/FCF Ratio	-	5.37	8.65	16.90	49.65	9.73
Debt / Equity Ratio	0.26	0.26	0.62	0.93	1.42	1.62
Debt / EBITDA Ratio	0.68	0.68	1.84	2.63	5.71	6.06
Debt / FCF Ratio	1.11	1.11	3.61	7.13	42.73	6.76
Net Debt / Equity Ratio	-0.04	-0.04	0.19	0.49	0.81	0.98
Net Debt / EBITDA Ratio	-0.10	-0.10	0.56	1.39	3.26	3.65
Net Debt / FCF Ratio	-0.16	-0.16	1.10	3.76	24.43	4.07
Asset Turnover	1.08	1.08	1.06	0.95	0.82	0.88
Inventory Turnover	4.09	4.09	4.64	3.75	3.24	3.18
Quick Ratio	1.37	1.37	1.27	0.93	0.87	0.72
Current Ratio	1.97	1.97	1.66	1.32	1.22	1.13
Return on Equity (ROE)	27.45%	27.45%	32.53%	32.60%	15.63%	14.25%
Return on Assets (ROA)	11.17%	11.17%	8.00%	6.65%	2.55%	1.87%
Return on Invested Capital (ROIC)	25.89%	25.19%	24.06%	19.39%	7.28%	5.52%
Return on Capital Employed (ROCE)	27.30%	27.30%	21.10%	20.40%	8.10%	6.60%
Earnings Yield	12.64%	18.15%	22.63%	17.07%	16.33%	14.06%
FCF Yield	12.30%	17.66%	13.72%	7.90%	3.78%	25.82%
Dividend Yield	3.14%	2.40%	1.70%	0.53%	1.37%	1.57%
Payout Ratio	9.73%	9.73%	1.53%	2.09%	5.63%	7.38%
Buyback Yield / Dilution	0.00%	0.00%	0.00%	0.01%	-3.33%	-1.49%
Total Shareholder Return	3.15%	2.40%	1.70%	0.54%	-1.95%	0.08%

Updated Mar 30, 2017. Source: S&P Global Market Intelligence. Standard template. Financial Sources.