Nihon Kohden 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	Feb '26 Feb 12, 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	275,414	326,700	335,923	302,014	249,128	275,098
Market Cap Growth	-18.57%	-2.74%	11.23%	21.23%	-9.44%	-20.43%
Enterprise Value	256,966	314,139	292,125	258,723	197,999	237,261
Last Close Price	1696.00	1984.67	1954.73	1724.93	1392.49	1492.98
PE Ratio	22.38	23.17	19.73	17.65	10.63	15.08
Forward PE	20.69	20.20	20.70	19.36	17.78	26.87
PS Ratio	1.19	1.45	1.51	1.46	1.21	1.38
PB Ratio	1.60	1.80	1.86	1.80	1.59	1.98
P/TBV Ratio	1.87	2.15	1.91	1.85	1.63	2.01
P/FCF Ratio	20.90	40.04	28.04	-	10.72	24.96
P/OCF Ratio	12.83	21.37	21.52	-	9.69	19.73
PEG Ratio	1.70	-	-	-	-	5.17
EV/Sales Ratio	1.11	1.39	1.32	1.25	0.97	1.19
EV/EBITDA Ratio	10.59	12.61	12.46	10.39	5.74	7.50
EV/EBIT Ratio	13.56	15.17	14.91	12.25	6.39	8.76
EV/FCF Ratio	19.50	38.50	24.38	-	8.52	21.53
Debt / Equity Ratio	0.15	0.14	0.00	0.00	0.00	0.00
Debt / EBITDA Ratio	1.05	1.05	0.03	0.02	0.01	0.01
Debt / FCF Ratio	1.94	3.20	0.06	-	0.02	0.04
Net Debt / Equity Ratio	-0.11	-0.10	-0.28	-0.26	-0.39	-0.32
Net Debt / EBITDA Ratio	-0.76	-0.70	-2.12	-1.77	-1.76	-1.40
Net Debt / FCF Ratio	-1.40	-2.13	-4.15	4.42	-2.60	-4.01
Asset Turnover	0.94	0.92	0.99	0.97	1.02	1.11
Inventory Turnover	1.81	1.90	1.90	1.88	2.20	2.86
Quick Ratio	2.17	1.58	2.44	2.35	2.34	2.23
Current Ratio	3.64	2.53	3.69	3.70	3.38	3.09
Return on Equity (ROE)	7.09%	7.78%	9.77%	10.56%	15.87%	13.99%
Return on Assets (ROA)	4.80%	5.27%	5.44%	6.18%	9.61%	9.39%
Return on Invested Capital (ROIC)	8.53%	9.17%	8.91%	13.33%	22.25%	20.11%
Return on Capital Employed (ROCE)	9.50%	11.10%	10.70%	12.40%	19.40%	19.00%
Earnings Yield	4.49%	4.32%	5.07%	5.67%	9.41%	6.63%
FCF Yield	4.79%	2.50%	3.57%	-3.30%	9.33%	4.01%
Dividend Yield	1.80%	1.56%	1.56%	1.77%	1.40%	1.17%
Payout Ratio	42.33%	36.18%	35.05%	33.51%	20.66%	16.33%
Buyback Yield / Dilution	2.35%	1.25%	0.08%	0.69%	0.48%	-0.01%
Total Shareholder Return	4.15%	2.81%	1.64%	2.46%	1.88%	1.16%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.