TOPPAN Holdings 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	1,380,080	1,172,881	1,223,595	869,855	725,780	640,829
Market Cap Growth	7.35%	-4.15%	40.67%	19.85%	13.26%	11.79%
Enterprise Value	1,604,701	1,070,047	1,051,434	740,636	603,390	605,687
Last Close Price	4890.00	4024.94	3801.93	2578.54	2055.18	1737.93
PE Ratio	16.38	13.13	16.45	14.29	5.89	7.82
Forward PE	19.28	15.65	17.00	18.87	15.04	18.98
PS Ratio	0.79	0.68	0.73	0.53	0.47	0.44
PB Ratio	0.98	0.83	0.78	0.60	0.51	0.44
P/TBV Ratio	1.39	0.97	0.92	0.70	0.57	0.50
P/FCF Ratio	-	-	16.16	21.38	32.68	31.64
P/OCF Ratio	86.01	18.10	7.77	8.20	11.21	8.34
EV/Sales Ratio	0.91	0.62	0.63	0.45	0.39	0.41
EV/EBITDA Ratio	9.55	6.46	6.52	4.87	4.31	4.97
EV/EBIT Ratio	19.30	12.73	14.15	9.66	8.21	10.30
EV/FCF Ratio	-13.34	-	13.89	18.20	27.17	29.91
Debt / Equity Ratio	0.33	0.33	0.13	0.15	0.18	0.22
Debt / EBITDA Ratio	2.82	2.82	1.29	1.47	1.81	2.66
Debt / FCF Ratio	-	-	2.75	5.50	11.44	16.01
Net Debt / Equity Ratio	0.07	-0.22	-0.22	-0.19	-0.15	-0.15
Net Debt / EBITDA Ratio	0.56	-1.88	-2.17	-1.85	-1.50	-1.80
Net Debt / FCF Ratio	-0.77	5.33	-4.62	-6.91	-9.48	-10.82
Asset Turnover	0.73	0.69	0.72	0.72	0.67	0.65
Inventory Turnover	7.69	9.03	8.88	9.57	10.64	10.96
Quick Ratio	1.29	1.47	1.83	1.98	1.79	2.14
Current Ratio	1.69	1.71	2.20	2.37	2.12	2.44
Return on Equity (ROE)	6.53%	6.66%	5.83%	5.26%	8.94%	6.06%
Return on Assets (ROA)	2.12%	2.12%	1.99%	2.12%	1.98%	1.63%
Return on Invested Capital (ROIC)	3.02%	3.91%	4.35%	4.44%	4.26%	3.12%
Return on Capital Employed (ROCE)	4.40%	5.00%	3.90%	4.30%	4.10%	3.10%
Earnings Yield	6.30%	7.62%	6.08%	7.00%	16.97%	12.80%
FCF Yield	-8.72%	-4.97%	6.19%	4.68%	3.06%	3.16%
Dividend Yield	1.11%	1.39%	1.26%	1.78%	2.14%	2.30%
Payout Ratio	19.16%	16.70%	21.00%	25.16%	11.06%	25.48%
Buyback Yield / Dilution	7.18%	6.04%	2.32%	2.49%	2.45%	-3.69%
Total Shareholder Return	8.31%	7.43%	3.58%	4.28%	4.59%	-1.39%

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