Noritz 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	Feb '26 Feb 12, 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	114,774	90,392	76,993	69,701	66,370	77,189
Market Cap Growth	41.83%	17.40%	10.46%	5.02%	-14.02%	4.74%
Enterprise Value	100,607	75,684	56,020	49,891	37,024	38,325
Last Close Price	2510.00	1995.00	1602.86	1396.59	1293.35	1449.65
PE Ratio	34.17	26.92	17.57	80.30	13.83	14.09
Forward PE	39.22	32.36	23.47	15.72	12.35	13.97
PS Ratio	0.57	0.45	0.38	0.35	0.32	0.43
PB Ratio	0.79	0.62	0.56	0.55	0.56	0.66
P/TBV Ratio	0.89	0.70	0.63	0.62	0.63	0.75
P/FCF Ratio	30.57	24.08	48.00	-	-	6.53
P/OCF Ratio	11.52	9.07	8.93	-	27.62	5.00
PEG Ratio	-	39.93	39.93	39.93	39.93	39.93
EV/Sales Ratio	0.50	0.38	0.28	0.25	0.18	0.22
EV/EBITDA Ratio	8.22	6.15	5.42	4.30	2.69	4.31
EV/EBIT Ratio	23.78	17.60	23.37	12.99	5.37	15.33
EV/FCF Ratio	26.80	20.16	34.92	-	-	3.24
Debt / Equity Ratio	0.04	0.04	0.03	0.02	0.02	0.01
Debt / EBITDA Ratio	0.51	0.51	0.37	0.22	0.15	0.10
Debt / FCF Ratio	1.67	1.67	2.36	-	-	0.07
Net Debt / Equity Ratio	-0.13	-0.13	-0.18	-0.19	-0.28	-0.37
Net Debt / EBITDA Ratio	-1.57	-1.57	-2.44	-2.04	-2.48	-4.80
Net Debt / FCF Ratio	-5.14	-5.14	-15.73	2.46	16.79	-3.61
Asset Turnover	0.88	0.88	0.94	0.95	1.02	0.93
Inventory Turnover	4.32	4.32	4.21	4.18	5.30	6.12
Quick Ratio	1.19	1.19	1.25	1.21	1.17	1.43
Current Ratio	1.75	1.75	1.84	1.82	1.65	1.91
Return on Equity (ROE)	2.56%	2.56%	3.49%	0.96%	4.28%	5.02%
Return on Assets (ROA)	1.17%	1.17%	0.69%	1.13%	2.09%	0.81%
Return on Invested Capital (ROIC)	2.35%	2.36%	1.44%	1.59%	5.69%	2.07%
Return on Capital Employed (ROCE)	2.60%	2.60%	1.50%	2.70%	5.00%	1.80%
Earnings Yield	2.93%	3.72%	5.69%	1.24%	7.23%	7.10%
FCF Yield	3.27%	4.15%	2.08%	-13.76%	-3.06%	15.31%
Dividend Yield	3.75%	-	4.30%	3.79%	4.10%	5.73%
Payout Ratio	97.65%	97.65%	57.17%	318.09%	72.75%	42.74%
Buyback Yield / Dilution	1.17%	1.17%	-0.17%	-0.51%	0.36%	0.86%
Total Shareholder Return	4.91%	1.17%	4.14%	3.28%	4.46%	6.58%

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