¥1,168.00 ($7.39)

+49.00 (+4.38%)

Weekly Expected Move ±10.6%

¥882 ¥1001 ¥1119 ¥1237 ¥1356

JPX · Industrials · Manufacturing - Metal Fabrication · Tech Score Buy · Power 70 · ¥13.5B mcap · 5M float · 8.07% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C+

Oct 05, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. 3444.T receives an overall rating of C+. Strongest factors: ROA (4/5). Areas of concern: DCF (1/5), ROE (2/5), D/E (2/5), P/E (1/5).

Rating Change History

Date	From	To
2026-10-01	B-	C+
2026-09-24	None	ADDED
2026-09-23	EXISTED	None
2026-09-14	C+	B-
2026-06-12	A-	C+
2026-05-28	B+	A-
2026-05-07	None	ADDED
2026-05-06	EXISTED	None
2026-04-30	B+	A-
2026-03-16	A-	B+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 26 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. 3444.T scores highest in Balance Sheet (94/100) and lowest in Momentum (0/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

3.70

Safe Zone

Piotroski F-Score

7/9

✓ ✗ ✓ ✗ ✓ ✓ ✓ ✓ ✓

Beneish M-Score

-2.22

Unlikely Manipulator

Ohlson O-Score

-9.47

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 72.3/100

Trend: Improving

Earnings Quality

25/100

OCF/NI: -1.72x

Accruals: 11.0%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. 3444.T scores 3.70, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. 3444.T scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. 3444.T's score of -2.22 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. 3444.T's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. 3444.T receives an estimated rating of A (score: 72.3/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). 3444.T's score of 25/100 is low — reported earnings may not be fully supported by cash flows.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

56.98x

PEG

1.80x

P/S

2.16x

P/B

2.39x

P/FCF

-14.88x

P/OCF

—

EV/EBITDA

22.44x

EV/Revenue

1.56x

EV/EBIT

35.34x

EV/FCF

-11.86x

Earnings Yield

3.21%

FCF Yield

-6.72%

Shareholder Yield

0.00%

Graham Number

$560.51

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 57.0x earnings, 3444.T is priced for high growth expectations. Graham's intrinsic value formula yields $560.51 per share, 100% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

1.031

NI / EBT

Interest Burden

1.380

EBT / EBIT

EBIT Margin

0.044

EBIT / Rev

Asset Turnover

0.645

Rev / Assets

Equity Multiplier

1.698

Assets / Equity

ROE

6.9%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. 3444.T's ROE of 6.9% is driven by Asset Turnover (0.645), indicating efficient use of assets to generate revenue. A tax burden ratio of 1.03 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$253.70

Price/Value

3.67x

Margin of Safety

-266.58%

Premium

266.58%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with 3444.T's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. 3444.T trades at a 267% premium to its adjusted intrinsic value of $253.70, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 57.0x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$1119.00

Median 1Y

$1054.57

5th Pctile

$459.07

95th Pctile

$2421.27

Ann. Volatility

49.4%

25th–75th percentile 5th–95th percentile Median path Historical

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q1'26	Current
ROE	-4.0%	-11.1%	-18.3%	-21.0%	-22.7%	-21.4%	-18.2%	-19.5%	-20.2%	-16.5%	0.9%	3.6%	6.9%	6.86%
ROA	-2.2%	-5.8%	-9.3%	-10.8%	-11.9%	-10.8%	-9.1%	-10.2%	-10.4%	-8.3%	0.5%	2.0%	4.0%	4.04%
ROIC	-0.2%	-4.6%	-5.6%	-9.4%	-13.8%	-11.2%	-11.6%	-12.7%	-13.7%	-11.7%	2.7%	-5.2%	-8.9%	-8.89%
ROCE	-1.1%	-5.9%	-8.4%	-10.3%	-13.6%	-12.5%	-9.4%	-10.3%	-11.2%	-9.5%	2.7%	1.8%	3.3%	3.27%
Gross Margin	16.9%	10.4%	22.5%	9.2%	19.6%	18.8%	27.9%	16.3%	14.8%	20.5%	20.2%	9.5%	17.2%	17.23%
Operating Margin	-1.0%	-24.8%	-1.3%	-25.4%	-19.6%	-9.5%	-1.3%	-21.9%	-25.0%	-7.0%	6.2%	-26.4%	-11.1%	-11.13%
Net Margin	-14.7%	-27.6%	-20.2%	-15.5%	-25.1%	-16.5%	-8.5%	-27.5%	-20.9%	-5.2%	37.9%	-15.4%	-3.6%	-3.60%
EBITDA Margin	-2.2%	-20.8%	-12.9%	-11.4%	-23.8%	-11.1%	0.1%	-18.0%	-21.7%	-5.7%	49.6%	-23.5%	-8.3%	-8.30%
FCF Margin	-7.9%	-8.3%	-10.4%	-12.2%	-14.9%	-16.0%	-15.4%	-14.8%	-14.4%	-14.3%	-13.7%	-13.7%	-13.1%	-13.13%
OCF Margin	-5.1%	-5.3%	-7.5%	-9.1%	-11.6%	-12.9%	-11.8%	-10.9%	-10.1%	-9.4%	-9.8%	-10.6%	-10.8%	-10.80%
ROE 3Y Avg	snapshot only													-12.47%
ROA 3Y Avg	snapshot only													-6.10%
ROIC 3Y Avg	snapshot only													-19.74%
ROIC Economic	snapshot only													-5.03%
Cash ROA	snapshot only													-7.23%
Cash ROIC	snapshot only													-18.44%
CROIC	snapshot only													-22.41%
NOPAT Margin	snapshot only													-5.21%
Pretax Margin	snapshot only													6.08%
R&D / Revenue	snapshot only													0.00%
SGA / Revenue	snapshot only													25.31%
SBC / Revenue	snapshot only													0.00%

Valuation

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q1'26	Current
P/E Ratio	-26.78	-8.80	-5.55	-4.48	-4.32	-4.36	-4.90	-4.29	-3.77	-4.15	77.41	22.39	31.16	56.976
P/S Ratio	3.93	1.83	1.14	0.87	0.96	0.83	0.77	0.79	0.66	0.60	0.62	0.74	1.95	2.156
P/B Ratio	1.07	0.97	1.01	0.94	1.07	1.02	0.91	0.81	0.72	0.63	0.67	0.81	1.99	2.392
P/FCF	-49.93	-22.08	-10.98	-7.17	-6.40	-5.20	-5.00	-5.32	-4.58	-4.19	-4.52	-5.38	-14.88	-14.877
P/OCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBITDA	-199.30	-18.80	-10.25	-8.19	-5.99	-6.35	-7.44	-4.63	-4.31	-4.78	5.06	9.39	22.44	22.439
EV/Revenue	4.35	2.07	1.20	0.95	1.02	0.91	0.78	0.55	0.50	0.48	0.32	0.47	1.56	1.556
EV/EBIT	-77.75	-13.54	-7.65	-6.11	-5.04	-5.29	-5.99	-3.81	-3.36	-3.71	9.15	19.87	35.34	35.344
EV/FCF	-55.31	-24.97	-11.50	-7.79	-6.83	-5.67	-5.06	-3.74	-3.45	-3.38	-2.33	-3.42	-11.86	-11.856
Earnings Yield	-3.7%	-11.4%	-18.0%	-22.3%	-23.1%	-22.9%	-20.4%	-23.3%	-26.5%	-24.1%	1.3%	4.5%	3.2%	3.21%
FCF Yield	-2.0%	-4.5%	-9.1%	-13.9%	-15.6%	-19.2%	-20.0%	-18.8%	-21.8%	-23.9%	-22.1%	-18.6%	-6.7%	-6.72%
PEG Ratio	snapshot only													1.796
Price/Tangible Book	snapshot only													1.993
EV/Gross Profit	snapshot only													8.972
Shareholder Yield	snapshot only													0.00%
Graham Number	snapshot only													$560.51

Leverage & Solvency

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q1'26	Current
Current Ratio	1.47	1.37	2.54	2.37	2.57	2.34	2.49	2.24	2.06	2.05	3.46	4.18	5.12	5.119
Quick Ratio	1.21	1.10	2.13	1.97	2.13	1.93	2.12	1.95	1.76	1.75	3.00	3.56	4.40	4.395
Debt/Equity	0.39	0.40	0.43	0.39	0.42	0.44	0.40	0.31	0.32	0.30	0.16	0.08	0.07	0.074
Net Debt/Equity	0.11	0.13	0.05	0.08	0.07	0.09	0.01	-0.24	-0.18	-0.12	-0.32	-0.30	-0.40	-0.404
Debt/Assets	0.21	0.21	0.22	0.20	0.21	0.21	0.20	0.17	0.17	0.16	0.09	0.05	0.05	0.049
Debt/EBITDA	-66.16	-6.89	-4.15	-3.13	-2.19	-2.50	-3.23	-2.53	-2.55	-2.85	2.36	1.48	1.05	1.053
Net Debt/EBITDA	-19.39	-2.17	-0.47	-0.65	-0.37	-0.52	-0.08	1.96	1.40	1.15	-4.76	-5.38	-5.72	-5.717
Interest Coverage	-12.51	-30.76	-32.36	-26.76	-29.49	-24.00	-17.56	-19.54	-21.76	-20.84	7.92	7.85	19.82	19.815
Equity Multiplier	1.83	1.90	1.98	1.94	1.98	2.07	2.01	1.88	1.90	1.89	1.69	1.63	1.52	1.521
Cash Ratio	snapshot only													3.135
Debt Service Coverage	snapshot only													31.211
Cash to Debt	snapshot only													6.430
FCF to Debt	snapshot only													-1.797
Defensive Interval	snapshot only													879.1 days

Efficiency & Turnover

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q1'26	Current
Asset Turnover	0.15	0.28	0.45	0.56	0.54	0.57	0.58	0.56	0.59	0.58	0.63	0.62	0.64	0.645
Inventory Turnover	1.80	3.12	5.56	7.16	6.52	6.06	6.99	6.77	6.61	6.15	7.10	7.14	7.35	7.353
Receivables Turnover	1.04	1.96	3.11	3.83	3.73	3.65	3.82	4.14	4.31	3.59	4.54	4.23	5.74	5.739
Payables Turnover	2.76	3.77	5.76	9.52	9.58	7.29	7.95	9.04	11.76	8.07	14.48	10.22	16.99	16.986
DSO	352	186	117	95	98	100	95	88	85	102	80	86	64	63.6 days
DIO	203	117	66	51	56	60	52	54	55	59	51	51	50	49.6 days
DPO	132	97	63	38	38	50	46	40	31	45	25	36	21	21.5 days
Cash Conversion Cycle	422	206	120	108	116	110	102	102	109	116	107	102	92	91.8 days
Fixed Asset Turnover	snapshot only													3.777
Operating Cycle	snapshot only													113.2 days
Cash Velocity	snapshot only													2.130
Capital Intensity	snapshot only													1.495

Growth (YoY)

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q1'26	Current
Revenue	—	—	—	—	2.5%	93.8%	27.7%	2.6%	9.3%	2.2%	4.7%	3.6%	8.4%	8.41%
Net Income	—	—	—	—	-4.3%	-78.2%	2.5%	3.6%	13.6%	23.0%	1.1%	1.2%	1.4%	1.39%
EPS	—	—	—	—	-4.3%	-78.2%	2.5%	3.6%	13.6%	23.0%	1.1%	1.2%	1.4%	1.39%
FCF	—	—	—	—	-5.6%	-2.8%	-89.2%	-24.5%	-5.4%	9.2%	6.6%	4.0%	1.2%	1.22%
EBITDA	—	—	—	—	-26.2%	-1.5%	-14.6%	-5.5%	25.8%	28.1%	1.6%	1.4%	1.7%	1.65%
Op. Income	—	—	—	—	-56.1%	-99.9%	-89.5%	-2.2%	14.9%	-0.3%	19.8%	7.9%	34.0%	33.99%
OCF Growth	snapshot only													-16.18%
Asset Growth	snapshot only													-7.03%
Equity Growth	snapshot only													16.30%
Debt Growth	snapshot only													-73.12%
Shares Change	snapshot only													0.00%
Dividend Growth	snapshot only													-98.46%

Growth (CAGR)

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q1'26	Current
Revenue 3Y	—	—	—	—	—	—	—	—	—	—	—	—	60.6%	60.57%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	—	61.9%	61.90%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-2.9%	-2.85%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	—	3.3%	3.33%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	—	3.3%	3.33%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-75.1%	-75.11%

Growth Quality

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q1'26	Current
Revenue Stability	—	—	—	—	—	—	—	—	0.84	0.78	0.88	0.99	0.77	0.771
Earnings Stability	—	—	—	—	—	—	—	—	0.60	0.23	0.77	0.77	0.13	0.127
Margin Stability	—	—	—	—	—	—	—	—	0.88	0.81	0.93	0.83	0.90	0.898
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.000
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earnings Persistence	—	—	—	—	—	—	—	—	0.95	0.91	0.20	0.20	0.20	0.200
Earnings Smoothness	—	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE Trend	—	—	—	—	—	—	—	—	-0.05	0.02	0.19	0.24	0.28	0.283
Gross Margin Trend	—	—	—	—	—	—	—	—	0.04	0.05	0.00	-0.01	-0.01	-0.006
FCF Margin Trend	—	—	—	—	—	—	—	—	-0.03	-0.02	-0.01	-0.00	0.02	0.015
Sustainable Growth Rate	—	—	—	—	—	—	—	—	—	—	0.9%	3.6%	6.9%	6.85%
Internal Growth Rate	—	—	—	—	—	—	—	—	—	—	0.5%	2.1%	4.2%	4.20%

Cash Flow Quality

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q1'26	Current
OCF/Net Income	0.34	0.26	0.36	0.47	0.53	0.67	0.75	0.59	0.58	0.65	-12.27	-3.20	-1.72	-1.723
FCF/OCF	1.56	1.56	1.39	1.34	1.28	1.25	1.30	1.36	1.43	1.51	1.40	1.30	1.22	1.215
FCF/Net Income	snapshot only													-2.094
OCF/EBITDA	snapshot only													-1.557
CapEx/Revenue	2.8%	3.0%	2.9%	3.1%	3.3%	3.2%	3.5%	3.9%	4.3%	4.8%	3.9%	3.2%	2.3%	2.33%
CapEx/Depreciation	snapshot only													0.918
Accruals Ratio	-0.01	-0.04	-0.06	-0.06	-0.06	-0.04	-0.02	-0.04	-0.04	-0.03	0.07	0.09	0.11	0.110
Sloan Accruals	snapshot only													0.117
Cash Flow Adequacy	snapshot only													-4.627
Earnings Quality Score	snapshot only													0.250

Dividends & Buybacks

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q1'26	Current
Dividend Yield	0.6%	1.3%	1.9%	2.7%	2.6%	2.8%	2.3%	1.5%	0.9%	0.0%	0.0%	0.0%	0.0%	0.89%
Dividend/Share	$2.50	$5.01	$7.50	$10.00	$9.99	$9.98	$7.49	$5.01	$2.52	$0.04	$0.04	$0.04	$0.04	$10.00
Payout Ratio	—	—	—	—	—	—	—	—	—	—	1.0%	0.3%	0.1%	0.13%
FCF Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Payout Ratio	—	—	—	—	—	—	—	—	—	—	1.0%	0.3%	0.1%	0.13%
Div. Increase Streak	0	0	0	0	1	1	0	0	0	0	0	0	0	0
Chowder Number	—	—	—	—	3.01	1.02	0.02	-0.48	-0.74	-1.00	-1.00	-0.99	-0.98	-0.985
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Shareholder Return	0.6%	1.3%	1.9%	2.7%	2.6%	2.8%	2.3%	1.5%	0.9%	0.0%	0.0%	0.0%	0.0%	0.00%

DuPont Factors

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q1'26	Current
Tax Burden (NI/EBT)	2.43	1.32	1.28	1.21	1.06	1.07	1.14	1.12	1.01	0.94	0.51	1.00	1.03	1.031
Interest Burden (EBT/EBIT)	1.08	1.03	1.03	1.04	1.03	1.04	1.06	1.13	1.16	1.18	0.45	1.40	1.38	1.380
EBIT Margin	-0.06	-0.15	-0.16	-0.16	-0.20	-0.17	-0.13	-0.15	-0.15	-0.13	0.03	0.02	0.04	0.044
Asset Turnover	0.15	0.28	0.45	0.56	0.54	0.57	0.58	0.56	0.59	0.58	0.63	0.62	0.64	0.645
Equity Multiplier	1.83	1.90	1.98	1.94	1.90	1.98	1.99	1.91	1.94	1.97	1.84	1.75	1.70	1.698

Per Share

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q1'26	Current
EPS (Diluted TTM)	$-16.88	$-45.45	$-69.46	$-83.34	$-88.94	$-80.98	$-67.73	$-80.34	$-76.83	$-62.38	$3.62	$14.96	$29.85	$29.85
Book Value/Share	$424.01	$411.20	$380.22	$397.26	$360.12	$345.36	$363.26	$425.68	$402.25	$412.95	$420.02	$411.53	$467.84	$481.40
Tangible Book/Share	$420.45	$407.97	$377.06	$393.97	$357.22	$341.81	$361.49	$423.94	$401.18	$412.24	$419.35	$410.37	$466.70	$466.70
Revenue/Share	$115.03	$218.58	$337.71	$427.20	$401.88	$423.52	$431.30	$438.13	$439.31	$432.71	$451.65	$453.99	$476.27	$519.00
FCF/Share	$-9.05	$-18.10	$-35.09	$-52.08	$-60.02	$-67.95	$-66.40	$-64.84	$-63.28	$-61.73	$-61.98	$-62.25	$-62.51	$0.00
OCF/Share	$-5.82	$-11.64	$-25.27	$-38.90	$-46.71	$-54.53	$-51.11	$-47.69	$-44.27	$-40.85	$-44.38	$-47.91	$-51.44	$0.00
Cash/Share	$117.45	$113.33	$145.20	$122.78	$124.39	$120.12	$142.26	$234.78	$200.42	$174.21	$203.02	$155.64	$223.62	$223.62
EBITDA/Share	$-2.51	$-24.04	$-39.39	$-49.57	$-68.37	$-60.67	$-45.16	$-52.30	$-50.73	$-43.64	$28.51	$22.68	$33.03	$33.03
Debt/Share	$166.16	$165.57	$163.58	$155.03	$149.81	$151.69	$145.99	$132.37	$129.39	$124.22	$67.27	$33.61	$34.78	$34.78
Net Debt/Share	$48.70	$52.24	$18.38	$32.25	$25.42	$31.57	$3.73	$-102.41	$-71.03	$-49.99	$-135.75	$-122.03	$-188.84	$-188.84

Academic Models

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q1'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	3.705
Altman Z-Prime	snapshot only													7.193
Piotroski F-Score	2	2	2	2	6	5	6	6	5	5	5	6	7	7
Beneish M-Score	—	—	—	—	-3.38	-2.95	-2.92	-3.09	-2.58	-2.64	-2.43	-1.65	-2.22	-2.219
Ohlson O-Score	snapshot only													-9.466
ROIC (Greenblatt)	snapshot only													4.99%
Net-Net WC	snapshot only													$134.71
EVA	snapshot only													$-636483707.25

Credit

Metric	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q1'26	Current
Credit Rating	snapshot only													A
Credit Score	33.04	28.38	37.59	36.14	37.66	32.12	37.39	36.18	31.68	31.77	63.58	65.08	72.32	72.322
Credit Grade	snapshot only													6
Credit Trend	snapshot only													40.643
Implied Spread (bps)	snapshot only													150.000
Industry Credit Rank	snapshot only													33
Sector Credit Rank	snapshot only													59

3444.T JPX

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

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