Also trades as: FUJXF (OTC) · $vol 0M

¥3,720.00 ($23.58)

+160.00 (+4.49%)

Weekly Expected Move ±5.6%

¥3163 ¥3361 ¥3560 ¥3759 ¥3957

JPX · Technology · Semiconductors · Tech Score Buy · Power 56 · ¥264.1B mcap · 45M float · 0.908% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ETF Exposure

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.

Oct 02, 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. 5384.T receives an overall rating of B. Strongest factors: ROA (4/5). Areas of concern: D/E (2/5), P/E (2/5), P/B (2/5).

Rating Change History

Date	From	To
2026-10-01	B+	B
2026-09-24	None	ADDED
2026-09-23	EXISTED	None
2026-08-19	B	B+
2026-08-17	B+	B
2026-07-06	B	B+
2026-07-01	B+	B
2026-05-22	A-	B+
2026-05-20	B+	A-
2026-05-15	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.

★ ★ ★ ★ ★ 61 Grade A

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

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. 5384.T scores highest in Safety (100/100) and lowest in Cash Flow (24/100). An overall grade of A places 5384.T among the highest-quality companies in its peer group.

Risk & Quality Signals

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

Altman Z-Score

7.99

Safe Zone

Piotroski F-Score

6/9

✓ ✓ ✓ ✓ ✗ ✗ ✓ ✓ ✗

Beneish M-Score

-2.13

Unlikely Manipulator

Ohlson O-Score

-11.35

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 88.7/100

Trend: Deteriorating

Earnings Quality

100/100

OCF/NI: 1.13x

Accruals: -1.3%

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. 5384.T scores 7.99, 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. 5384.T scores 6/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. 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. 5384.T's score of -2.13 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. 5384.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. 5384.T receives an estimated rating of AA (score: 88.7/100), with a deteriorating 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). 5384.T's score of 100/100 is high — cash flows strongly support reported earnings.

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

25.59x

PEG

1.74x

P/S

3.73x

P/B

3.18x

P/FCF

274.09x

P/OCF

29.25x

EV/EBITDA

21.04x

EV/Revenue

4.87x

EV/EBIT

24.54x

EV/FCF

265.92x

Earnings Yield

3.04%

FCF Yield

0.36%

Shareholder Yield

1.63%

Graham Number

$1894.03

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 25.6x earnings, 5384.T commands a growth premium. Graham's intrinsic value formula yields $1894.03 per share, 88% 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

0.726

NI / EBT

Interest Burden

1.058

EBT / EBIT

EBIT Margin

0.198

EBIT / Rev

Asset Turnover

0.656

Rev / Assets

Equity Multiplier

1.299

Assets / Equity

ROE

13.0%

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. 5384.T's ROE of 13.0% is driven by Asset Turnover (0.656), indicating efficient use of assets to generate revenue.

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

15.00%

Fair P/E

38.50x

Intrinsic Value

$5349.18

Price/Value

0.86x

Margin of Safety

14.47%

Premium

-14.47%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with 5384.T's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. 5384.T trades at a -14% premium to its adjusted intrinsic value of $5349.18, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 25.6x.

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

$3560.00

Median 1Y

$4168.01

5th Pctile

$2149.06

95th Pctile

$8081.31

Ann. Volatility

38.4%

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	Q3'20	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	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	10.3%	10.4%	11.4%	13.3%	14.7%	15.4%	16.4%	16.3%	16.4%	16.1%	13.8%	11.1%	10.1%	9.2%	9.5%	10.3%	12.4%	12.7%	12.4%	13.0%	12.98%
ROA	9.0%	8.9%	9.9%	11.4%	12.5%	12.8%	13.9%	13.8%	14.0%	13.5%	11.8%	9.5%	8.8%	7.9%	8.2%	8.9%	10.7%	10.8%	10.0%	10.0%	9.99%
ROIC	21.0%	23.7%	25.1%	30.2%	31.4%	33.4%	29.7%	30.9%	30.3%	31.4%	25.2%	21.2%	17.3%	16.2%	16.1%	18.9%	15.9%	18.6%	16.2%	13.5%	13.54%
ROCE	13.5%	13.2%	14.6%	16.8%	18.4%	18.8%	19.9%	19.8%	20.6%	19.1%	16.7%	13.5%	11.9%	11.6%	12.2%	13.2%	14.5%	14.9%	12.9%	12.8%	12.80%
Gross Margin	45.1%	43.7%	48.4%	49.1%	47.8%	43.3%	49.0%	46.2%	46.7%	44.0%	42.7%	41.4%	44.6%	45.0%	42.0%	44.2%	45.0%	44.4%	44.4%	47.4%	47.43%
Operating Margin	20.8%	15.7%	24.2%	24.5%	24.8%	19.8%	27.4%	23.0%	24.3%	15.2%	17.8%	13.2%	17.4%	15.7%	17.8%	19.2%	20.9%	17.3%	19.9%	23.6%	23.61%
Net Margin	15.3%	10.3%	18.6%	19.4%	18.5%	14.4%	20.6%	19.0%	16.8%	15.7%	13.8%	12.8%	11.4%	12.5%	14.1%	14.3%	18.0%	13.9%	11.4%	17.3%	17.27%
EBITDA Margin	20.8%	19.7%	28.5%	28.2%	28.6%	23.5%	31.5%	26.9%	27.4%	18.7%	23.1%	19.3%	20.7%	20.6%	23.3%	19.5%	24.1%	20.8%	19.9%	26.9%	26.86%
FCF Margin	9.7%	11.5%	13.0%	14.1%	15.1%	14.5%	13.9%	11.5%	9.6%	7.9%	6.4%	7.1%	7.7%	7.7%	7.5%	6.8%	6.1%	4.6%	3.2%	1.8%	1.83%
OCF Margin	15.2%	16.3%	17.1%	17.3%	17.7%	17.2%	16.6%	13.4%	11.0%	8.6%	6.4%	7.1%	7.7%	9.5%	11.0%	11.7%	12.3%	14.1%	15.9%	17.1%	17.15%
ROE 3Y Avg	snapshot only																				11.07%
ROE 5Y Avg	snapshot only																				12.23%
ROA 3Y Avg	snapshot only																				8.92%
ROIC 3Y Avg	snapshot only																				12.65%
ROIC Economic	snapshot only																				10.08%
Cash ROA	snapshot only																				9.60%
Cash ROIC	snapshot only																				15.47%
CROIC	snapshot only																				1.65%
NOPAT Margin	snapshot only																				15.01%
Pretax Margin	snapshot only																				20.98%
R&D / Revenue	snapshot only																				8.10%
SGA / Revenue	snapshot only																				24.79%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	Q3'20	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	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	15.40	16.65	17.50	18.77	20.24	16.32	12.68	13.07	13.63	15.86	26.25	26.86	31.90	38.24	31.73	22.67	19.25	14.62	16.18	32.93	25.586
P/S Ratio	2.04	2.23	2.49	3.03	3.43	2.89	2.32	2.39	2.43	2.88	4.32	3.99	4.30	4.83	4.05	2.99	2.86	2.21	2.33	5.02	3.728
P/B Ratio	1.54	1.66	1.93	2.38	2.81	2.37	1.95	1.99	2.13	2.43	3.51	2.94	3.15	3.42	2.92	2.31	2.29	1.81	1.96	3.99	3.176
P/FCF	21.07	19.30	19.18	21.54	22.78	19.89	16.72	20.81	25.24	36.35	67.78	56.23	55.77	63.16	54.07	43.94	46.49	47.78	72.34	274.09	274.087
P/OCF	13.40	13.61	14.62	17.47	19.43	16.83	14.03	17.77	22.07	33.43	67.78	56.23	55.77	51.04	36.74	25.47	23.17	15.62	14.61	29.25	29.249
EV/EBITDA	7.17	7.34	8.41	9.35	10.41	8.05	6.15	6.34	6.80	8.59	15.38	14.85	17.99	19.85	16.16	11.41	11.33	8.08	9.77	21.04	21.043
EV/Revenue	1.38	1.48	1.79	2.30	2.76	2.19	1.73	1.76	1.87	2.26	3.73	3.31	3.68	4.16	3.41	2.40	2.48	1.77	2.06	4.87	4.866
EV/EBIT	7.53	8.12	9.21	10.53	12.07	9.28	7.12	7.28	7.76	9.84	17.72	17.67	22.18	24.53	19.85	13.75	13.36	9.47	11.54	24.54	24.544
EV/FCF	14.25	12.86	13.74	16.35	18.31	15.06	12.42	15.33	19.35	28.58	58.47	46.64	47.74	54.36	45.49	35.24	40.42	38.31	64.09	265.92	265.924
Earnings Yield	6.5%	6.0%	5.7%	5.3%	4.9%	6.1%	7.9%	7.7%	7.3%	6.3%	3.8%	3.7%	3.1%	2.6%	3.2%	4.4%	5.2%	6.8%	6.2%	3.0%	3.04%
FCF Yield	4.7%	5.2%	5.2%	4.6%	4.4%	5.0%	6.0%	4.8%	4.0%	2.8%	1.5%	1.8%	1.8%	1.6%	1.8%	2.3%	2.2%	2.1%	1.4%	0.4%	0.36%
PEG Ratio	snapshot only																				1.738
Price/Tangible Book	snapshot only																				4.066
EV/OCF	snapshot only																				28.378
EV/Gross Profit	snapshot only																				10.719
Acquirers Multiple	snapshot only																				23.613
Shareholder Yield	snapshot only																				1.63%
Graham Number	snapshot only																				$1894.03

Leverage & Solvency

Metric	Q3'20	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	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	6.62	5.77	6.35	5.45	5.41	5.05	5.32	5.27	6.51	6.39	6.34	6.40	7.42	6.68	6.57	5.67	5.07	4.50	4.96	3.68	3.684
Quick Ratio	5.52	4.89	5.38	4.63	4.54	4.24	4.34	4.30	5.13	4.98	4.85	4.94	5.63	5.17	5.11	4.45	3.76	3.37	3.68	2.74	2.736
Debt/Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.01	0.01	0.01	0.00	0.01	0.00	0.01	0.01	0.01	0.01	0.13	0.20	0.199
Net Debt/Equity	-0.50	-0.56	-0.55	-0.57	-0.55	-0.58	-0.50	-0.53	-0.50	-0.52	-0.48	-0.50	-0.45	-0.48	-0.46	-0.46	-0.30	-0.36	-0.22	-0.12	-0.119
Debt/Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.10	0.14	0.140
Debt/EBITDA	0.02	0.02	0.03	0.02	0.02	0.02	0.03	0.02	0.02	0.02	0.03	0.03	0.03	0.03	0.04	0.03	0.03	0.04	0.74	1.08	1.084
Net Debt/EBITDA	-3.43	-3.68	-3.33	-2.96	-2.54	-2.58	-2.13	-2.27	-2.07	-2.33	-2.45	-3.05	-3.03	-3.22	-3.05	-2.82	-1.70	-2.00	-1.26	-0.65	-0.646
Interest Coverage	—	—	8516.00	3409.33	2261.20	1741.86	1887.43	1985.86	2001.86	1917.71	1696.86	1408.14	1409.33	1743.60	1816.20	3302.67	3746.33	3893.67	881.62	181.30	181.297
Equity Multiplier	1.15	1.18	1.16	1.18	1.19	1.21	1.19	1.19	1.16	1.16	1.16	1.15	1.13	1.16	1.15	1.16	1.17	1.19	1.32	1.42	1.420
Cash Ratio	snapshot only																				1.690
Debt Service Coverage	snapshot only																				211.463
Cash to Debt	snapshot only																				1.596
FCF to Debt	snapshot only																				0.073
Defensive Interval	snapshot only																				926.9 days

Efficiency & Turnover

Metric	Q3'20	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	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	0.68	0.67	0.70	0.70	0.74	0.73	0.76	0.75	0.78	0.75	0.71	0.64	0.65	0.63	0.64	0.68	0.72	0.71	0.70	0.66	0.656
Inventory Turnover	2.99	3.14	3.19	3.23	3.24	3.28	3.12	3.13	2.94	2.72	2.48	2.30	2.19	2.11	2.15	2.36	2.41	2.50	2.49	2.63	2.626
Receivables Turnover	4.51	4.85	4.67	5.02	4.68	5.01	4.36	4.64	4.88	5.12	4.32	4.20	4.33	4.39	4.38	4.81	4.65	5.01	4.93	4.78	4.777
Payables Turnover	7.87	8.53	7.89	8.08	7.93	7.96	7.39	7.79	7.81	7.58	7.37	7.67	7.63	7.69	7.78	8.53	8.80	9.29	8.55	8.26	8.264
DSO	81	75	78	73	78	73	84	79	75	71	85	87	84	83	83	76	78	73	74	76	76.4 days
DIO	122	116	114	113	113	111	117	117	124	134	147	159	167	173	170	155	152	146	147	139	139.0 days
DPO	46	43	46	45	46	46	49	47	47	48	50	48	48	47	47	43	41	39	43	44	44.2 days
Cash Conversion Cycle	157	149	146	140	145	138	151	148	152	157	182	198	203	209	206	188	189	180	178	171	171.2 days
Fixed Asset Turnover	snapshot only																				1.297
Operating Cycle	snapshot only																				215.4 days
Cash Velocity	snapshot only																				2.500
Capital Intensity	snapshot only																				1.786

Growth (YoY)

Metric	Q3'20	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	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	10.1%	9.2%	10.3%	17.2%	20.9%	23.3%	24.1%	22.9%	17.8%	12.9%	3.7%	-8.5%	-12.6%	-11.9%	-6.3%	7.9%	18.6%	21.5%	21.2%	19.1%	19.10%
Net Income	36.6%	31.3%	26.8%	53.8%	54.7%	63.3%	59.5%	39.1%	24.0%	15.7%	-6.8%	-25.6%	-34.0%	-38.7%	-27.4%	-4.1%	30.6%	45.3%	36.7%	37.6%	37.57%
EPS	36.6%	31.3%	26.8%	53.8%	54.7%	63.3%	59.5%	38.8%	23.8%	15.7%	-6.9%	-25.5%	-33.9%	-38.7%	-27.4%	-4.1%	30.6%	45.3%	36.7%	37.6%	37.57%
FCF	49.9%	62.6%	72.8%	81.2%	88.1%	55.4%	32.6%	0.2%	-24.6%	-38.5%	-52.4%	-43.4%	-30.1%	-14.9%	10.1%	3.5%	-5.4%	-26.6%	-47.9%	-68.0%	-67.97%
EBITDA	32.3%	26.2%	21.3%	51.2%	66.4%	65.8%	63.8%	38.5%	22.0%	9.5%	-10.5%	-26.5%	-34.9%	-30.0%	-18.5%	1.9%	27.1%	27.2%	21.4%	31.0%	31.05%
Op. Income	41.5%	27.2%	20.6%	46.9%	49.4%	57.9%	57.9%	36.1%	23.8%	9.8%	-13.4%	-31.7%	-41.4%	-37.7%	-25.5%	6.7%	38.2%	42.8%	45.7%	39.4%	39.41%
OCF Growth	snapshot only																				73.99%
Asset Growth	snapshot only																				41.38%
Equity Growth	snapshot only																				15.54%
Debt Growth	snapshot only																				44.36%
Shares Change	snapshot only																				-0.00%
Dividend Growth	snapshot only																				33.33%

Growth (CAGR)

Metric	Q3'20	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	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	5.2%	5.4%	6.5%	7.6%	9.5%	11.4%	13.6%	15.7%	16.2%	15.0%	12.4%	9.6%	7.6%	7.0%	6.4%	6.7%	6.9%	6.5%	5.6%	5.6%	5.56%
Revenue 5Y	4.8%	5.7%	7.1%	8.4%	9.0%	9.3%	9.9%	10.9%	10.6%	10.3%	9.2%	7.0%	6.2%	6.6%	7.3%	8.9%	10.2%	10.2%	10.0%	11.1%	11.12%
EPS 3Y	17.9%	22.9%	21.4%	26.7%	28.9%	28.9%	35.3%	36.2%	37.8%	35.4%	23.5%	16.7%	8.2%	5.0%	2.6%	-0.3%	2.2%	1.0%	-2.6%	-0.6%	-0.57%
EPS 5Y	12.9%	19.6%	24.3%	26.6%	22.9%	22.2%	23.9%	26.0%	25.7%	28.5%	21.6%	16.0%	11.9%	8.7%	10.9%	12.6%	17.7%	17.2%	13.3%	16.0%	15.97%
Net Income 3Y	18.0%	23.0%	21.5%	26.8%	29.1%	29.0%	35.4%	36.4%	37.9%	35.4%	23.5%	16.7%	8.2%	5.0%	2.6%	-0.3%	2.2%	1.0%	-2.6%	-0.6%	-0.64%
Net Income 5Y	12.3%	19.0%	24.2%	26.7%	22.9%	22.3%	24.0%	26.2%	25.8%	28.6%	21.6%	16.1%	12.0%	8.8%	10.9%	12.6%	17.7%	17.2%	13.3%	16.0%	15.97%
EBITDA 3Y	19.8%	20.5%	21.1%	28.8%	33.9%	38.6%	41.5%	41.1%	39.0%	31.8%	21.2%	15.5%	9.8%	8.3%	6.1%	1.2%	0.3%	-0.8%	-4.0%	-0.6%	-0.63%
EBITDA 5Y	15.5%	20.8%	25.7%	29.1%	27.3%	27.0%	27.6%	29.2%	28.4%	26.0%	21.1%	16.8%	13.8%	15.4%	15.6%	16.0%	17.3%	15.3%	12.0%	15.5%	15.48%
Gross Profit 3Y	9.0%	8.9%	9.9%	12.0%	14.5%	16.0%	18.7%	19.3%	19.2%	17.4%	12.2%	8.3%	5.6%	5.5%	4.4%	4.4%	4.3%	4.0%	3.4%	4.6%	4.59%
Gross Profit 5Y	7.6%	8.9%	10.8%	12.4%	12.7%	12.5%	13.3%	14.1%	13.4%	13.1%	10.9%	8.2%	7.1%	7.4%	8.2%	9.5%	10.8%	10.3%	9.7%	11.1%	11.11%
Op. Income 3Y	16.7%	16.2%	16.7%	23.2%	26.9%	31.4%	37.6%	36.8%	37.8%	30.1%	18.2%	11.0%	2.7%	2.6%	0.6%	-0.3%	0.1%	-0.8%	-2.1%	0.5%	0.54%
Op. Income 5Y	14.2%	18.3%	23.0%	25.7%	23.7%	23.0%	23.8%	25.2%	24.1%	22.1%	16.8%	11.7%	8.2%	9.2%	10.9%	13.3%	16.2%	14.4%	12.3%	15.2%	15.24%
FCF 3Y	-1.7%	10.5%	23.9%	39.7%	59.7%	54.6%	50.1%	39.3%	28.6%	15.8%	2.9%	0.9%	-0.3%	-6.6%	-11.5%	-16.3%	-20.7%	-27.3%	-35.2%	-42.7%	-42.75%
FCF 5Y	-7.1%	0.7%	9.5%	20.6%	37.3%	28.0%	21.6%	13.4%	6.1%	5.2%	3.7%	9.1%	16.5%	14.1%	12.1%	9.6%	7.0%	-0.6%	-9.0%	-19.4%	-19.37%
OCF 3Y	2.5%	9.3%	16.6%	24.6%	33.5%	32.1%	30.8%	22.4%	13.5%	1.2%	-12.2%	-13.5%	-14.3%	-10.8%	-8.0%	-6.3%	-5.2%	-0.2%	4.2%	14.5%	14.51%
OCF 5Y	-0.8%	4.2%	9.9%	16.5%	25.0%	19.8%	15.8%	8.9%	2.1%	-0.9%	-5.3%	-2.3%	1.4%	4.8%	7.7%	9.6%	11.1%	12.7%	14.0%	15.0%	14.98%
Assets 3Y	4.2%	6.1%	6.1%	7.2%	8.0%	9.7%	11.2%	11.5%	9.6%	10.2%	10.3%	9.7%	8.3%	8.3%	8.2%	6.6%	7.1%	6.0%	8.9%	13.7%	13.72%
Assets 5Y	3.8%	5.5%	6.2%	6.9%	6.3%	7.3%	7.8%	8.3%	7.0%	7.6%	7.7%	7.6%	6.7%	7.8%	8.3%	7.6%	8.5%	8.7%	10.8%	14.1%	14.12%
Equity 3Y	4.1%	5.4%	5.6%	6.3%	6.8%	7.8%	9.4%	10.6%	9.0%	9.8%	9.7%	9.9%	8.7%	9.0%	8.8%	7.3%	7.7%	6.5%	5.4%	7.3%	7.28%
Book Value 3Y	4.0%	5.3%	5.5%	6.2%	6.7%	7.7%	9.3%	10.4%	8.9%	9.8%	9.7%	9.9%	8.7%	9.0%	8.8%	7.3%	7.7%	6.5%	5.4%	7.4%	7.35%
Dividend 3Y	3.6%	3.6%	3.6%	3.6%	3.6%	7.1%	10.2%	1.5%	-8.3%	-30.2%	—	—	—	13.8%	—	—	—	58.7%	26.0%	10.1%	10.14%

Growth Quality

Metric	Q3'20	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	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	0.92	0.97	0.97	0.89	0.84	0.83	0.83	0.83	0.84	0.86	0.89	0.78	0.72	0.73	0.79	0.80	0.78	0.77	0.81	0.82	0.816
Earnings Stability	0.82	0.89	0.94	0.87	0.79	0.76	0.80	0.85	0.88	0.90	0.89	0.73	0.59	0.47	0.48	0.44	0.49	0.41	0.34	0.38	0.384
Margin Stability	0.95	0.94	0.93	0.93	0.93	0.94	0.94	0.94	0.94	0.95	0.95	0.95	0.95	0.95	0.95	0.96	0.96	0.96	0.97	0.97	0.973
Rev. Growth Consistency	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.000
Earn. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.500
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.85	0.87	0.89	0.50	0.50	0.50	0.50	0.84	0.90	0.94	0.97	0.90	0.86	0.85	0.89	0.98	0.88	0.82	0.85	0.85	0.850
Earnings Smoothness	0.69	0.73	0.76	0.58	0.57	0.52	0.54	0.67	0.79	0.85	0.93	0.71	0.59	0.52	0.68	0.96	0.73	0.63	0.69	0.68	0.684
ROE Trend	0.02	0.02	0.02	0.04	0.05	0.05	0.05	0.04	0.04	0.03	0.00	-0.03	-0.05	-0.06	-0.05	-0.03	-0.01	0.00	0.01	0.02	0.016
Gross Margin Trend	0.03	0.03	0.02	0.03	0.03	0.03	0.02	0.01	-0.00	0.00	-0.02	-0.03	-0.04	-0.03	-0.03	-0.01	-0.01	-0.01	0.00	0.02	0.015
FCF Margin Trend	0.04	0.05	0.06	0.06	0.07	0.05	0.03	-0.00	-0.03	-0.05	-0.07	-0.06	-0.05	-0.04	-0.03	-0.02	-0.03	-0.03	-0.04	-0.05	-0.051
Sustainable Growth Rate	6.1%	6.2%	7.2%	9.1%	10.4%	10.7%	11.3%	12.5%	13.4%	14.6%	13.8%	11.1%	10.1%	7.2%	5.6%	4.6%	4.7%	5.3%	4.9%	6.0%	6.01%
Internal Growth Rate	5.7%	5.6%	6.7%	8.5%	9.8%	9.9%	10.6%	11.7%	13.0%	14.1%	13.3%	10.5%	9.7%	6.6%	5.1%	4.1%	4.3%	4.7%	4.2%	4.9%	4.85%

Cash Flow Quality

Metric	Q3'20	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	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	1.15	1.22	1.20	1.07	1.04	0.97	0.90	0.74	0.62	0.47	0.39	0.48	0.57	0.75	0.86	0.89	0.83	0.94	1.11	1.13	1.126
FCF/OCF	0.64	0.71	0.76	0.81	0.85	0.85	0.84	0.85	0.87	0.92	1.00	1.00	1.00	0.81	0.68	0.58	0.50	0.33	0.20	0.11	0.107
FCF/Net Income	snapshot only																				0.120
OCF/EBITDA	snapshot only																				0.742
CapEx/Revenue	5.5%	4.8%	4.0%	3.3%	2.6%	2.6%	2.7%	2.0%	1.4%	0.7%	0.0%	0.0%	0.0%	1.8%	3.5%	4.9%	6.2%	9.5%	12.7%	15.3%	15.32%
CapEx/Depreciation	snapshot only																				4.643
Accruals Ratio	-0.01	-0.02	-0.02	-0.01	-0.01	0.00	0.01	0.04	0.05	0.07	0.07	0.05	0.04	0.02	0.01	0.01	0.02	0.01	-0.01	-0.01	-0.013
Sloan Accruals	snapshot only																				-0.086
Cash Flow Adequacy	snapshot only																				0.730
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q3'20	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	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	2.6%	2.4%	2.1%	1.7%	1.4%	1.8%	2.4%	1.8%	1.3%	0.6%	0.0%	0.0%	0.0%	0.6%	1.3%	2.4%	3.2%	4.0%	3.7%	1.6%	2.11%
Dividend/Share	$29.35	$30.20	$31.05	$31.89	$32.74	$37.21	$41.68	$33.41	$25.25	$12.65	$0.00	$0.00	$0.00	$18.65	$37.29	$55.94	$74.59	$74.59	$74.59	$74.59	$76.83
Payout Ratio	40.1%	39.9%	36.8%	31.3%	28.9%	30.1%	31.0%	23.6%	18.0%	8.9%	0.0%	0.0%	0.0%	21.3%	41.0%	55.4%	61.7%	58.6%	60.0%	53.7%	53.68%
FCF Payout Ratio	54.9%	46.3%	40.3%	35.9%	32.6%	36.7%	40.8%	37.6%	33.4%	20.3%	0.0%	0.0%	0.0%	35.2%	69.8%	1.1%	1.5%	1.9%	2.7%	4.5%	4.47%
Total Payout Ratio	40.1%	39.9%	36.8%	31.3%	28.9%	34.5%	39.1%	31.3%	25.8%	12.7%	0.0%	0.0%	0.0%	21.3%	41.0%	55.4%	61.7%	58.6%	60.0%	53.7%	53.68%
Div. Increase Streak	1	1	1	1	1	1	1	1	0	0	—	—	—	0	0	0	0	1	1	1	0
Chowder Number	0.14	0.14	0.14	0.13	0.13	0.25	0.37	0.07	-0.21	-0.65	—	—	—	0.48	—	—	—	3.04	1.04	0.35	0.350
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.3%	0.6%	0.6%	0.6%	0.2%	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%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Shareholder Return	2.6%	2.4%	2.1%	1.7%	1.4%	1.8%	2.4%	1.8%	1.3%	0.6%	0.0%	0.0%	0.0%	0.6%	1.3%	2.4%	3.2%	4.0%	3.7%	1.6%	1.63%

DuPont Factors

Metric	Q3'20	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	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)	0.76	0.77	0.77	0.76	0.76	0.74	0.73	0.74	0.74	0.78	0.79	0.80	0.81	0.75	0.74	0.76	0.75	0.77	0.77	0.73	0.726
Interest Burden (EBT/EBIT)	0.95	0.95	0.95	0.97	0.98	1.02	1.03	1.03	1.01	1.01	0.99	0.99	1.00	1.00	1.00	1.00	1.06	1.05	1.05	1.06	1.058
EBIT Margin	0.18	0.18	0.19	0.22	0.23	0.24	0.24	0.24	0.24	0.23	0.21	0.19	0.17	0.17	0.17	0.17	0.19	0.19	0.18	0.20	0.198
Asset Turnover	0.68	0.67	0.70	0.70	0.74	0.73	0.76	0.75	0.78	0.75	0.71	0.64	0.65	0.63	0.64	0.68	0.72	0.71	0.70	0.66	0.656
Equity Multiplier	1.14	1.17	1.15	1.17	1.17	1.20	1.18	1.19	1.17	1.19	1.17	1.17	1.14	1.16	1.15	1.16	1.15	1.18	1.23	1.30	1.299

Per Share

Metric	Q3'20	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	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)	$73.12	$75.60	$84.35	$101.87	$113.15	$123.45	$134.55	$141.35	$140.03	$142.80	$125.31	$105.36	$92.58	$87.61	$91.02	$100.99	$120.88	$127.28	$124.38	$138.94	$138.94
Book Value/Share	$730.77	$756.28	$766.59	$803.89	$813.75	$848.98	$876.57	$927.56	$898.08	$930.25	$937.43	$962.78	$938.15	$978.33	$988.07	$993.20	$1016.51	$1026.09	$1025.69	$1147.54	$1158.98
Tangible Book/Share	$725.66	$750.34	$760.97	$798.51	$808.68	$844.28	$872.20	$923.51	$894.37	$927.00	$934.48	$959.97	$935.61	$975.58	$985.32	$989.66	$1008.11	$1014.06	$1014.00	$1125.31	$1125.31
Revenue/Share	$552.09	$565.73	$592.05	$631.31	$667.40	$697.49	$734.56	$773.99	$784.21	$787.13	$761.39	$709.71	$686.89	$693.19	$713.58	$765.90	$814.70	$842.55	$864.87	$912.21	$977.71
FCF/Share	$53.44	$65.21	$76.99	$88.76	$100.53	$101.30	$102.07	$88.76	$75.61	$62.29	$48.53	$50.33	$52.95	$53.04	$53.42	$52.11	$50.07	$38.94	$27.82	$16.69	$0.00
OCF/Share	$84.03	$92.50	$100.96	$109.42	$117.88	$119.76	$121.64	$103.96	$86.48	$67.74	$48.53	$50.33	$52.95	$65.63	$78.62	$89.90	$100.45	$119.11	$137.76	$156.41	$0.00
Cash/Share	$366.85	$422.37	$421.95	$463.38	$453.71	$492.96	$444.36	$491.63	$450.26	$488.48	$456.96	$487.39	$430.04	$470.81	$463.72	$458.49	$309.75	$375.52	$364.19	$364.92	$364.92
EBITDA/Share	$106.24	$114.30	$125.80	$155.29	$176.82	$189.45	$206.10	$214.55	$215.26	$207.40	$184.43	$158.04	$140.49	$145.21	$150.33	$160.97	$178.55	$184.73	$182.43	$210.94	$210.94
Debt/Share	$2.12	$1.94	$3.20	$2.99	$3.96	$3.53	$6.38	$4.59	$4.71	$4.74	$4.93	$4.64	$4.84	$3.92	$5.38	$5.04	$5.73	$6.66	$134.80	$228.66	$228.66
Net Debt/Share	$-364.74	$-420.42	$-418.75	$-460.39	$-449.74	$-489.43	$-437.99	$-487.05	$-445.55	$-483.73	$-452.03	$-482.75	$-425.20	$-466.88	$-458.34	$-453.44	$-304.02	$-368.86	$-229.39	$-136.26	$-136.26

Academic Models

Metric	Q3'20	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	7.994
Altman Z-Prime	snapshot only																				15.165
Piotroski F-Score	7	5	6	7	6	4	5	4	5	6	5	4	4	6	4	5	6	5	7	6	6
Beneish M-Score	-2.43	-2.43	-2.44	-2.33	-2.41	-2.27	-2.11	-1.91	-2.10	-2.23	-2.33	-2.42	-2.30	-2.26	-2.21	-2.26	-2.11	-2.37	-2.45	-2.13	-2.130
Ohlson O-Score	snapshot only																				-11.347
ROIC (Greenblatt)	snapshot only																				14.10%
Net-Net WC	snapshot only																				$325.40
EVA	snapshot only																				$2655444882.72

Credit

Metric	Q3'20	Q4'20	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22	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																				AA
Credit Score	89.80	89.28	92.75	92.52	92.73	92.34	93.23	92.98	93.82	93.88	93.80	93.41	93.75	93.60	93.80	93.55	93.03	93.20	98.63	88.69	88.694
Credit Grade	snapshot only																				3
Credit Trend	snapshot only																				-4.854
Implied Spread (bps)	snapshot only																				80.000
Industry Credit Rank	snapshot only																				70
Sector Credit Rank	snapshot only																				81

5384.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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