5-Year Indicators

Return on Invested Capital (ROIC)


  FY2015 FY2016 FY2017 FY2018 FY2019
Net Income (Loss) Attributable to Shareholders 47,290 45,987 63,159 54,323 74,895
Invested Capital* 489,136 446,628 498,776 514,272 532,672
Return on Invested Capital (ROIC) (%)** 9.7 10.3 12.7 10.6 14.1

Millions of Yen

*Invested Capital is based on the average of previous fiscal year-end result and quarterly forecast of current fiscal year. Invested Capital = Net Assets + Interesting - Bearing Debt
**Return on Invested Capital(ROIC) = Net Income (Loss) Attributable to Shareholders / Invested Capital

Return on Shareholders' Equity (ROE)


  FY2015 FY2016 FY2017 FY2018 FY2019
Net Income (Loss) Attributable to Shareholders 47,290 45,987 63,159 54,323 74,895
Shareholders' Equity* 467,244 456,874 487,280 504,871 517,314
Return on Shareholders' Equity (ROE) (%)** 10.1 10.1 13.0 10.8 14.5

Millions of Yen

*Shareholders' Equity is based on the average of the beginning and end of each year.
**Return on Shareholders' Equity (ROE): Net Income / Shareholders' Equity

Ratio of Shareholders' Equity to Total Assets


  FY2015 FY2016 FY2017 FY2018 FY2019
Shareholders' Equity 444,718 469,029 505,530 504,212 530,415
Total Assets 683,325 697,701 744,952 749,878 758,124
Shareholders' Equity / Total Assets (%) 65.1 67.2 67.9 67.2 70.0

Millions of Yen

Price-Book Value Ratio (PBR)


  FY2015 FY2016 FY2017 FY2018 FY2019
Number of Shares (Shares)* 213,808,774 213,805,336 210,605,256 205,361,564 201,938,124
Shareholders' Equity per Share** 2,080 2,194 2,400 2,455 2,627
Stock Price*** 3,350 4,885 6,260 5,180 5,630
Price-Book Value Ratio (PBR)
(Times)****
1.6 2.2 2.6 2.1 2.1

*Number of Shares = Stock Outstanding at End of Term - Treasury Stock at End of Term
**Shareholders' Equity per Share is based on the number of shares outstanding at the end of period.
***Figures at the end of each fiscal year.
****Price-Book Value Ratio (PBR) = Fiscal Year-End Stock Price / Shareholders' Equity per Share

Cash Flows per Share


  FY2015 FY2016 FY2017 FY2018 FY2019
Cash Flows* (Millions of Yen) 78,750 74,953 92,624 84,782 103,500
Number of Shares** 213,808,774 213,805,336 210,605,256 205,361,564 201,938,124
Cash Flows per Share (Yen) 368 351 440 413 513

*Cash Flows = Net Income (Loss) Attributable to Shareholders + Depreciation & Amortization
**Number of Shares = Stock Outstanding at End of Term - Treasury Stock at End of Term

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