Bell-Park 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	Mar '26 Mar 5, 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	32,854	32,487	31,824	32,690	36,654	49,391
Market Cap Growth	4.44%	2.08%	-2.65%	-10.81%	-25.79%	11.77%
Enterprise Value	19,480	19,579	8,984	10,121	18,847	31,209
Last Close Price	2684.00	2654.00	1582.68	1580.30	1727.13	2282.89
PE Ratio	10.20	7.87	10.02	13.73	14.54	15.07
PS Ratio	0.25	0.25	0.27	0.28	0.36	0.46
PB Ratio	1.22	1.21	0.93	1.02	1.21	1.72
P/TBV Ratio	1.22	1.21	0.93	1.03	1.22	1.75
P/FCF Ratio	7.24	7.16	9.60	6.68	-	15.15
P/OCF Ratio	7.06	6.98	9.33	6.35	502.11	13.45
EV/Sales Ratio	0.15	0.15	0.08	0.09	0.18	0.29
EV/EBITDA Ratio	3.17	3.19	1.96	2.58	4.74	6.16
EV/EBIT Ratio	3.31	3.33	2.11	2.87	5.38	6.82
EV/FCF Ratio	4.29	4.32	2.71	2.07	-	9.57
Debt / Equity Ratio	0.00	0.00	0.00	0.00	-	0
Debt / EBITDA Ratio	0.01	0.01	0.02	0.02	-	0.00
Debt / FCF Ratio	0.01	0.01	0.02	0.02	-	0.00
Net Debt / Equity Ratio	-0.50	-0.50	-0.59	-0.61	-0.58	-0.64
Net Debt / EBITDA Ratio	-2.18	-2.18	-4.39	-4.99	-4.43	-3.62
Net Debt / FCF Ratio	-2.95	-2.95	-6.07	-4.01	111.49	-5.62
Asset Turnover	2.74	2.74	2.36	2.53	2.36	2.39
Inventory Turnover	12.89	12.89	12.37	11.27	9.98	12.41
Quick Ratio	1.67	1.67	2.16	2.20	2.27	2.15
Current Ratio	2.20	2.20	2.64	2.70	3.01	2.68
Return on Equity (ROE)	13.51%	13.51%	9.61%	7.65%	8.53%	11.82%
Return on Assets (ROA)	7.80%	7.80%	5.43%	4.83%	5.03%	6.38%
Return on Invested Capital (ROIC)	30.92%	29.76%	23.06%	19.55%	20.13%	31.97%
Return on Capital Employed (ROCE)	21.20%	21.20%	12.20%	10.80%	11.30%	15.50%
Earnings Yield	12.56%	12.71%	9.98%	7.28%	6.88%	6.64%
FCF Yield	13.81%	13.97%	10.42%	14.96%	-0.43%	6.60%
Dividend Yield	4.34%	-	3.16%	2.72%	2.37%	2.25%
Payout Ratio	24.01%	24.01%	26.35%	33.93%	37.48%	34.61%
Buyback Yield / Dilution	18.44%	18.44%	0.00%	0.00%	0.00%	-
Total Shareholder Return	22.76%	18.44%	3.16%	2.72%	2.37%	2.25%

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