Also trades as: NICFF (OTC) · $vol 0M

¥3,553.00 ($22.51)

+17.00 (+0.48%)

Weekly Expected Move ±4.2%

¥3253 ¥3403 ¥3553 ¥3703 ¥3853

JPX · Industrials · Conglomerates · Tech Score Buy · Power 60 · ¥669.6B mcap · 147M float · 0.405% 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.

B+

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. 5393.T receives an overall rating of B+. Strongest factors: ROE (4/5), ROA (5/5). Areas of concern: D/E (2/5), P/E (2/5), P/B (2/5).

Rating Change History

Date	From	To
2026-10-01	A-	B+
2026-09-24	None	ADDED
2026-09-23	EXISTED	None
2026-08-13	A	A-
2026-05-20	A-	A
2026-05-12	A	A-
2026-05-07	None	ADDED
2026-05-06	EXISTED	None
2026-04-28	A-	A
2026-04-01	A	A-

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.

★ ★ ★ ★ ★ 52 Grade B

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. 5393.T scores highest in Safety (100/100) and lowest in Growth (37/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

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

Altman Z-Score

7.52

Safe Zone

Piotroski F-Score

6/9

✓ ✓ ✗ ✗ ✓ ✓ ✓ ✓ ✗

Beneish M-Score

-2.30

Unlikely Manipulator

Ohlson O-Score

-12.28

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AAA

Score: 97.3/100

Trend: Stable

Earnings Quality

50/100

OCF/NI: 0.76x

Accruals: 2.6%

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. 5393.T scores 7.52, 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. 5393.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. 5393.T's score of -2.30 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. 5393.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. 5393.T receives an estimated rating of AAA (score: 97.3/100), with a stable 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). 5393.T's score of 50/100 is moderate — some divergence between reported earnings and underlying 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

20.29x

PEG

1.54x

P/S

2.56x

P/B

2.76x

P/FCF

34.46x

P/OCF

22.89x

EV/EBITDA

10.84x

EV/Revenue

1.99x

EV/EBIT

12.88x

EV/FCF

31.52x

Earnings Yield

5.77%

FCF Yield

2.90%

Shareholder Yield

3.00%

Graham Number

$2170.38

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 20.3x earnings, 5393.T commands a growth premium. An earnings yield of 5.8% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $2170.38 per share, 64% 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

0.817

NI / EBT

Interest Burden

0.995

EBT / EBIT

EBIT Margin

0.155

EBIT / Rev

Asset Turnover

0.845

Rev / Assets

Equity Multiplier

1.313

Assets / Equity

ROE

13.9%

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. 5393.T's ROE of 13.9% is driven by Asset Turnover (0.845), 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

0.29%

Fair P/E

9.08x

Intrinsic Value

$1513.78

Price/Value

1.91x

Margin of Safety

-90.68%

Premium

90.68%

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 5393.T's realized 0.3% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. 5393.T trades at a 91% premium to its adjusted intrinsic value of $1513.78, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 9.1x compares to the current market P/E of 20.3x.

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

$3553.00

Median 1Y

$3392.34

5th Pctile

$1371.41

95th Pctile

$8387.97

Ann. Volatility

52.6%

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	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	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
ROE	10.8%	11.9%	13.0%	15.2%	14.9%	14.9%	14.8%	13.1%	13.1%	13.2%	13.2%	14.5%	15.2%	14.3%	15.2%	15.5%	14.3%	14.0%	13.9%	13.9%	13.94%
ROA	6.6%	7.4%	8.1%	9.4%	9.4%	9.5%	9.5%	8.3%	8.5%	8.7%	8.8%	9.7%	10.3%	10.0%	10.7%	11.1%	10.4%	10.5%	10.4%	10.6%	10.61%
ROIC	12.7%	14.5%	14.5%	15.3%	14.3%	14.0%	14.2%	15.2%	15.1%	15.1%	14.6%	15.0%	16.2%	17.0%	16.9%	16.9%	16.0%	15.6%	14.6%	15.8%	15.83%
ROCE	13.0%	14.0%	15.3%	17.2%	17.2%	17.9%	17.7%	16.3%	16.0%	16.6%	16.8%	17.9%	18.7%	18.3%	19.8%	20.4%	19.2%	18.3%	16.2%	15.3%	15.27%
Gross Margin	24.9%	25.2%	24.9%	23.9%	24.4%	22.9%	25.1%	24.9%	25.0%	24.8%	27.2%	26.7%	28.4%	27.0%	28.3%	26.6%	27.8%	27.3%	26.8%	29.0%	28.96%
Operating Margin	12.6%	11.8%	13.1%	11.0%	12.1%	10.8%	13.9%	13.3%	12.9%	13.2%	15.1%	15.1%	16.7%	14.7%	16.8%	13.8%	14.9%	14.1%	12.1%	17.5%	17.49%
Net Margin	10.4%	9.4%	10.2%	10.7%	10.3%	9.7%	9.7%	6.5%	10.7%	10.9%	10.3%	11.3%	13.5%	9.3%	13.0%	14.2%	10.6%	10.2%	13.6%	15.6%	15.59%
EBITDA Margin	17.1%	16.0%	17.6%	18.4%	18.0%	16.8%	16.4%	13.6%	18.1%	18.5%	17.9%	19.3%	22.0%	17.7%	22.2%	22.9%	17.7%	16.9%	16.6%	21.9%	21.87%
FCF Margin	5.7%	9.4%	6.8%	7.2%	2.9%	1.5%	3.7%	4.2%	5.2%	3.3%	2.6%	2.5%	5.5%	9.1%	11.0%	9.5%	7.1%	6.6%	4.8%	6.3%	6.31%
OCF Margin	9.2%	12.4%	11.4%	11.6%	7.6%	6.7%	7.4%	7.8%	9.3%	7.5%	7.6%	7.7%	10.1%	13.2%	14.1%	12.2%	9.7%	9.2%	7.7%	9.5%	9.50%
ROE 3Y Avg	snapshot only																				13.88%
ROE 5Y Avg	snapshot only																				13.67%
ROA 3Y Avg	snapshot only																				10.22%
ROIC 3Y Avg	snapshot only																				14.89%
ROIC Economic	snapshot only																				12.42%
Cash ROA	snapshot only																				7.79%
Cash ROIC	snapshot only																				12.48%
CROIC	snapshot only																				8.29%
NOPAT Margin	snapshot only																				12.05%
Pretax Margin	snapshot only																				15.37%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				13.05%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	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	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
P/E Ratio	11.36	9.91	8.98	6.89	6.09	5.95	6.17	7.75	8.42	8.41	9.06	9.66	10.28	12.81	35.27	27.40	34.89	35.03	42.84	17.32	20.292
P/S Ratio	0.79	0.77	0.75	0.70	0.62	0.61	0.62	0.70	0.77	0.79	0.87	1.04	1.18	1.42	4.16	3.43	4.11	4.21	5.21	2.18	2.558
P/B Ratio	1.16	1.11	1.10	0.98	0.86	0.83	0.86	0.96	1.04	1.04	1.13	1.30	1.45	1.72	5.10	4.08	4.89	4.81	5.75	2.30	2.762
P/FCF	13.83	8.15	11.07	9.81	21.34	41.90	16.76	16.55	14.85	24.27	33.13	41.15	21.62	15.59	37.76	35.90	57.70	64.02	108.48	34.46	34.455
P/OCF	8.55	6.19	6.61	6.05	8.14	9.10	8.41	8.89	8.23	10.57	11.47	13.59	11.71	10.77	29.45	28.13	42.53	45.65	67.38	22.89	22.893
EV/EBITDA	4.95	4.32	4.25	3.25	2.82	2.66	2.90	3.41	3.87	3.95	4.42	4.92	5.28	6.46	19.70	15.26	19.53	20.05	27.14	10.84	10.840
EV/Revenue	0.68	0.63	0.66	0.56	0.50	0.47	0.50	0.55	0.63	0.66	0.75	0.91	1.03	1.24	4.00	3.24	3.94	4.01	5.04	1.99	1.990
EV/EBIT	6.41	5.46	5.28	3.95	3.43	3.22	3.52	4.23	4.79	4.86	5.40	5.89	6.24	7.65	23.07	17.75	22.89	23.50	32.28	12.88	12.877
EV/FCF	11.94	6.73	9.67	7.86	17.05	32.42	13.55	13.06	12.12	20.13	28.68	35.84	18.76	13.59	36.32	33.91	55.26	61.01	105.03	31.52	31.519
Earnings Yield	8.8%	10.1%	11.1%	14.5%	16.4%	16.8%	16.2%	12.9%	11.9%	11.9%	11.0%	10.4%	9.7%	7.8%	2.8%	3.6%	2.9%	2.9%	2.3%	5.8%	5.77%
FCF Yield	7.2%	12.3%	9.0%	10.2%	4.7%	2.4%	6.0%	6.0%	6.7%	4.1%	3.0%	2.4%	4.6%	6.4%	2.6%	2.8%	1.7%	1.6%	0.9%	2.9%	2.90%
PEG Ratio	snapshot only																				1.535
Price/Tangible Book	snapshot only																				2.318
EV/OCF	snapshot only																				20.942
EV/Gross Profit	snapshot only																				7.172
Acquirers Multiple	snapshot only																				13.543
Shareholder Yield	snapshot only																				3.00%
Graham Number	snapshot only																				$2170.38

Leverage & Solvency

Metric	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	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Current Ratio	2.53	2.58	2.51	2.35	2.48	2.33	2.41	2.30	2.41	2.34	2.42	2.46	2.62	2.91	2.98	3.18	3.39	3.44	3.60	3.69	3.688
Quick Ratio	1.99	2.02	1.93	1.81	1.86	1.75	1.81	1.73	1.78	1.72	1.75	1.80	1.91	2.12	1.78	2.26	2.39	2.45	2.49	2.60	2.603
Debt/Equity	0.17	0.16	0.16	0.16	0.15	0.14	0.14	0.14	0.13	0.13	0.13	0.11	0.11	0.07	0.07	0.05	0.05	0.05	0.05	0.05	0.046
Net Debt/Equity	-0.16	-0.19	-0.14	-0.19	-0.17	-0.19	-0.17	-0.20	-0.19	-0.18	-0.15	-0.17	-0.19	-0.22	-0.19	-0.23	-0.21	-0.23	-0.18	-0.20	-0.196
Debt/Assets	0.11	0.10	0.10	0.10	0.10	0.09	0.09	0.09	0.09	0.09	0.09	0.08	0.08	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.036
Debt/EBITDA	0.84	0.78	0.71	0.66	0.62	0.59	0.58	0.64	0.60	0.58	0.56	0.49	0.46	0.32	0.30	0.20	0.21	0.21	0.23	0.24	0.238
Net Debt/EBITDA	-0.78	-0.92	-0.62	-0.80	-0.71	-0.78	-0.68	-0.91	-0.87	-0.81	-0.69	-0.73	-0.80	-0.95	-0.78	-0.89	-0.86	-0.99	-0.89	-1.01	-1.010
Interest Coverage	131.03	149.72	175.62	211.13	222.05	229.22	232.41	190.09	199.82	185.87	192.30	240.70	236.56	241.53	241.07	201.64	179.34	177.43	163.18	181.91	181.907
Equity Multiplier	1.61	1.58	1.58	1.60	1.56	1.55	1.54	1.55	1.52	1.49	1.47	1.46	1.43	1.37	1.37	1.34	1.32	1.31	1.30	1.29	1.288
Cash Ratio	snapshot only																				1.107
Debt Service Coverage	snapshot only																				216.084
Cash to Debt	snapshot only																				5.236
FCF to Debt	snapshot only																				1.443
Defensive Interval	snapshot only																				1445.0 days

Efficiency & Turnover

Metric	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	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Asset Turnover	0.96	0.96	0.97	0.93	0.93	0.93	0.94	0.93	0.94	0.92	0.92	0.89	0.90	0.90	0.91	0.88	0.88	0.87	0.86	0.85	0.845
Inventory Turnover	4.72	4.68	4.63	4.63	4.70	4.70	4.64	4.49	4.28	4.13	3.98	3.95	3.83	3.79	3.01	3.55	3.51	3.50	2.77	3.27	3.272
Receivables Turnover	3.75	3.91	3.69	3.51	3.43	3.60	3.42	3.56	3.60	3.51	3.37	3.44	3.60	3.61	4.12	3.48	3.57	4.12	4.14	3.49	3.487
Payables Turnover	6.68	7.14	6.99	6.19	6.54	6.90	6.51	6.16	6.70	6.25	6.40	6.93	6.39	6.79	7.22	7.40	6.68	9.18	7.51	8.38	8.375
DSO	97	93	99	104	107	101	107	102	101	104	108	106	101	101	89	105	102	89	88	105	104.7 days
DIO	77	78	79	79	78	78	79	81	85	88	92	92	95	96	121	103	104	104	132	112	111.6 days
DPO	55	51	52	59	56	53	56	59	55	58	57	53	57	54	51	49	55	40	49	44	43.6 days
Cash Conversion Cycle	120	120	125	124	128	126	129	125	132	134	143	146	140	144	159	158	152	153	172	173	172.6 days
Fixed Asset Turnover	snapshot only																				3.510
Operating Cycle	snapshot only																				216.2 days
Cash Velocity	snapshot only																				4.364
Capital Intensity	snapshot only																				1.219

Growth (YoY)

Metric	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	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Revenue	0.5%	6.7%	11.6%	10.1%	6.3%	7.5%	7.0%	10.1%	11.0%	8.1%	6.1%	4.7%	4.4%	4.6%	4.2%	2.9%	0.7%	-1.3%	-3.4%	-1.8%	-1.79%
Net Income	8.4%	32.5%	45.0%	1.1%	55.5%	41.7%	28.6%	-2.9%	-0.5%	-0.1%	1.0%	26.0%	31.7%	23.3%	28.1%	19.0%	3.2%	6.7%	-0.3%	-1.4%	-1.37%
EPS	8.4%	32.5%	45.0%	1.1%	55.5%	41.7%	28.6%	-2.9%	-0.5%	-0.1%	1.0%	26.2%	33.0%	24.5%	-56.7%	-59.2%	-64.8%	-63.3%	2.2%	0.3%	0.29%
FCF	-16.3%	86.8%	32.5%	49.0%	-46.0%	-83.4%	-41.6%	-35.2%	97.6%	1.4%	-25.0%	-36.9%	10.4%	1.9%	3.4%	2.9%	31.3%	-29.0%	-57.9%	-35.0%	-35.04%
EBITDA	7.4%	23.2%	31.8%	54.5%	35.3%	29.8%	20.3%	2.7%	2.6%	1.7%	4.1%	19.9%	25.3%	20.9%	24.2%	18.0%	4.6%	2.7%	-11.6%	-15.0%	-15.01%
Op. Income	13.3%	42.9%	53.3%	33.9%	17.1%	5.6%	2.0%	14.0%	18.1%	23.1%	21.0%	17.5%	22.9%	20.4%	20.5%	12.8%	0.8%	-4.4%	-16.2%	-6.8%	-6.85%
OCF Growth	snapshot only																				-23.39%
Asset Growth	snapshot only																				6.25%
Equity Growth	snapshot only																				10.72%
Debt Growth	snapshot only																				-0.14%
Shares Change	snapshot only																				-1.66%
Dividend Growth	snapshot only																				27.87%

Growth (CAGR)

Metric	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	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Revenue 3Y	-0.0%	-0.2%	0.1%	0.1%	1.3%	2.5%	3.9%	4.5%	5.9%	7.4%	8.2%	8.3%	7.2%	6.7%	5.7%	5.9%	5.3%	3.7%	2.2%	1.9%	1.89%
Revenue 5Y	3.8%	3.9%	4.1%	3.7%	3.3%	3.8%	4.0%	3.8%	3.4%	2.9%	2.6%	3.0%	3.8%	4.0%	4.4%	4.2%	4.5%	5.1%	5.0%	5.1%	5.11%
EPS 3Y	-3.9%	-0.2%	3.4%	11.6%	15.3%	16.5%	18.5%	13.4%	18.8%	23.3%	23.5%	36.1%	27.2%	20.8%	-17.4%	-20.6%	-22.5%	-23.0%	-23.5%	-19.8%	-19.76%
EPS 5Y	16.1%	15.7%	13.7%	10.8%	9.4%	10.1%	10.5%	7.6%	6.6%	7.1%	7.5%	11.2%	15.2%	14.5%	-6.2%	-5.6%	-4.7%	-3.1%	-3.6%	0.6%	0.62%
Net Income 3Y	-4.1%	-0.4%	3.2%	11.6%	15.2%	16.5%	18.5%	13.4%	18.8%	23.3%	23.5%	36.0%	26.8%	20.4%	18.5%	13.3%	10.6%	9.5%	8.8%	13.9%	13.92%
Net Income 5Y	15.4%	15.8%	13.3%	10.4%	9.0%	9.7%	10.3%	7.4%	6.4%	6.9%	7.4%	11.2%	15.0%	14.2%	16.6%	16.9%	17.9%	19.8%	19.2%	24.2%	24.17%
EBITDA 3Y	0.0%	2.0%	4.8%	9.2%	12.9%	14.1%	15.0%	11.8%	14.2%	17.6%	18.2%	23.9%	20.2%	16.9%	15.9%	13.3%	10.3%	8.1%	4.6%	6.4%	6.35%
EBITDA 5Y	10.9%	11.8%	10.7%	10.1%	9.2%	9.8%	10.0%	8.0%	6.8%	7.0%	7.6%	9.9%	13.1%	12.8%	14.5%	14.6%	14.3%	15.1%	12.6%	13.8%	13.79%
Gross Profit 3Y	-0.7%	0.8%	1.8%	1.8%	3.5%	3.6%	5.3%	6.4%	8.2%	11.2%	12.4%	12.0%	11.5%	10.4%	9.5%	9.9%	9.3%	8.6%	6.4%	6.4%	6.41%
Gross Profit 5Y	4.1%	4.4%	4.1%	3.5%	3.0%	3.1%	3.6%	3.9%	3.5%	3.8%	4.2%	5.0%	7.0%	7.5%	8.1%	8.0%	8.3%	9.4%	8.7%	8.7%	8.70%
Op. Income 3Y	-1.1%	2.3%	4.9%	5.1%	8.4%	8.3%	11.4%	13.6%	16.2%	22.9%	23.7%	21.5%	19.4%	16.1%	14.2%	14.8%	13.5%	12.4%	6.9%	7.3%	7.31%
Op. Income 5Y	7.2%	7.8%	7.0%	6.0%	5.2%	5.5%	6.5%	7.0%	6.0%	6.9%	7.4%	9.2%	13.1%	13.5%	15.0%	14.2%	14.2%	16.4%	13.8%	13.5%	13.54%
FCF 3Y	50.5%	64.6%	51.5%	58.0%	4.2%	-26.2%	2.1%	-0.8%	-3.7%	-9.0%	-16.6%	-15.2%	5.7%	5.7%	24.2%	16.5%	42.1%	71.7%	11.4%	16.6%	16.64%
FCF 5Y	3.2%	11.0%	-0.3%	-0.8%	-16.3%	-19.7%	4.3%	12.4%	29.5%	12.5%	8.8%	10.0%	19.8%	23.4%	28.4%	19.0%	5.3%	9.4%	1.4%	8.9%	8.90%
OCF 3Y	3.3%	14.0%	15.8%	16.6%	-1.3%	-9.4%	-4.7%	-2.5%	-0.1%	0.2%	0.2%	0.9%	10.4%	9.1%	13.6%	7.6%	14.1%	15.5%	3.8%	8.7%	8.67%
OCF 5Y	5.2%	8.1%	2.4%	0.2%	-7.9%	-5.5%	-1.9%	0.6%	5.6%	0.8%	3.2%	3.9%	8.1%	10.8%	12.8%	9.2%	1.7%	5.0%	0.7%	5.1%	5.08%
Assets 3Y	4.9%	4.6%	5.6%	6.2%	6.3%	7.5%	8.1%	8.7%	9.6%	9.8%	9.6%	9.8%	9.5%	8.0%	6.8%	5.4%	4.6%	4.3%	4.3%	4.8%	4.79%
Assets 5Y	7.7%	7.8%	7.0%	7.0%	7.2%	6.9%	6.3%	6.2%	6.9%	6.5%	6.9%	7.1%	7.4%	7.2%	7.1%	6.8%	6.6%	6.8%	6.6%	6.9%	6.94%
Equity 3Y	8.5%	8.8%	9.5%	9.7%	10.3%	10.7%	10.8%	10.9%	12.4%	12.8%	12.9%	13.8%	13.9%	13.3%	12.0%	11.8%	10.7%	10.3%	10.3%	11.4%	11.44%
Book Value 3Y	8.7%	9.1%	9.8%	9.7%	10.3%	10.7%	10.8%	10.9%	12.4%	12.8%	12.9%	13.9%	14.2%	13.7%	-21.9%	-21.7%	-22.4%	-22.5%	-22.5%	-21.5%	-21.51%
Dividend 3Y	1.2%	1.1%	2.1%	2.5%	3.2%	3.3%	3.1%	3.2%	2.4%	2.3%	1.4%	1.5%	2.3%	2.4%	-28.6%	-28.2%	-28.0%	-27.8%	-24.1%	-24.0%	-23.98%

Growth Quality

Metric	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	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Revenue Stability	0.61	0.47	0.41	0.42	0.75	0.73	0.72	0.61	0.61	0.52	0.47	0.53	0.75	0.85	0.96	0.93	0.94	0.92	0.83	0.83	0.829
Earnings Stability	0.27	0.31	0.38	0.17	0.27	0.34	0.44	0.33	0.50	0.55	0.63	0.62	0.84	0.87	0.91	0.86	0.94	0.96	0.93	0.88	0.881
Margin Stability	0.98	0.96	0.96	0.96	0.96	0.96	0.96	0.97	0.97	0.96	0.96	0.96	0.94	0.94	0.93	0.93	0.93	0.91	0.92	0.93	0.926
Rev. Growth Consistency	0.50	0.50	0.50	0.50	1.00	1.00	1.00	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	0.000
Earn. Growth Consistency	0.50	0.50	0.50	0.50	1.00	1.00	1.00	0.00	0.00	0.00	1.00	0.50	0.50	0.50	1.00	1.00	1.00	1.00	0.00	0.00	0.000
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	0.97	0.87	0.82	0.50	0.50	0.83	0.89	0.99	1.00	1.00	1.00	0.90	0.87	0.91	0.89	0.92	0.99	0.97	1.00	0.99	0.995
Earnings Smoothness	0.92	0.72	0.63	0.31	0.57	0.65	0.75	0.97	1.00	1.00	0.99	0.77	0.73	0.79	0.75	0.83	0.97	0.93	1.00	0.99	0.986
ROE Trend	-0.01	0.00	0.02	0.05	0.04	0.04	0.03	0.01	0.00	-0.00	-0.01	0.00	0.01	0.00	0.01	0.02	0.01	0.01	-0.00	-0.01	-0.009
Gross Margin Trend	0.01	0.02	0.02	0.01	0.01	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.02	0.03	0.03	0.02	0.02	0.01	0.01	0.01	0.010
FCF Margin Trend	0.01	0.05	0.02	0.02	-0.03	-0.06	-0.03	-0.02	0.01	-0.02	-0.03	-0.03	0.01	0.07	0.08	0.06	0.02	0.00	-0.02	0.00	0.003
Sustainable Growth Rate	6.9%	8.1%	9.1%	11.5%	11.1%	11.2%	11.0%	9.4%	9.5%	9.7%	9.8%	11.1%	11.8%	11.1%	11.8%	12.2%	11.0%	10.8%	10.0%	10.2%	10.22%
Internal Growth Rate	4.4%	5.3%	6.1%	7.7%	7.5%	7.7%	7.6%	6.4%	6.6%	6.8%	7.0%	8.0%	8.7%	8.4%	9.1%	9.6%	8.7%	8.7%	8.1%	8.4%	8.44%

Cash Flow Quality

Metric	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	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
OCF/Net Income	1.33	1.60	1.36	1.14	0.75	0.65	0.73	0.87	1.02	0.80	0.79	0.71	0.88	1.19	1.20	0.97	0.82	0.77	0.64	0.76	0.757
FCF/OCF	0.62	0.76	0.60	0.62	0.38	0.22	0.50	0.54	0.55	0.44	0.35	0.33	0.54	0.69	0.78	0.78	0.74	0.71	0.62	0.66	0.664
FCF/Net Income	snapshot only																				0.503
OCF/EBITDA	snapshot only																				0.518
CapEx/Revenue	3.5%	3.0%	4.6%	4.4%	4.7%	5.2%	3.7%	3.6%	4.2%	4.2%	5.0%	5.1%	4.6%	4.1%	3.1%	2.6%	2.5%	2.6%	2.9%	3.2%	3.19%
CapEx/Depreciation	snapshot only																				1.098
Accruals Ratio	-0.02	-0.04	-0.03	-0.01	0.02	0.03	0.03	0.01	-0.00	0.02	0.02	0.03	0.01	-0.02	-0.02	0.00	0.02	0.02	0.04	0.03	0.026
Sloan Accruals	snapshot only																				0.009
Cash Flow Adequacy	snapshot only																				1.453
Earnings Quality Score	snapshot only																				0.500

Dividends & Buybacks

Metric	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	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Dividend Yield	3.2%	3.2%	3.3%	3.6%	4.2%	4.1%	4.1%	3.6%	3.3%	3.1%	2.9%	2.4%	2.2%	1.8%	0.6%	0.8%	0.7%	0.7%	0.7%	1.5%	1.81%
Dividend/Share	$77.97	$77.97	$82.05	$81.92	$85.78	$85.95	$90.02	$89.96	$92.01	$91.88	$93.78	$93.98	$98.46	$98.52	$34.21	$34.76	$36.40	$36.67	$44.16	$44.45	$64.33
Payout Ratio	36.2%	31.7%	29.8%	24.7%	25.6%	24.7%	25.5%	27.9%	27.6%	26.4%	26.3%	23.1%	22.2%	22.8%	22.1%	20.9%	23.3%	23.1%	27.9%	26.7%	26.67%
FCF Payout Ratio	44.0%	26.1%	36.8%	35.1%	89.6%	1.7%	69.2%	59.5%	48.6%	76.2%	96.0%	98.4%	46.7%	27.7%	23.7%	27.4%	38.5%	42.2%	70.7%	53.1%	53.06%
Total Payout Ratio	36.2%	31.8%	29.9%	24.7%	25.6%	24.7%	25.5%	27.9%	27.6%	26.4%	26.3%	32.6%	31.0%	31.8%	51.3%	45.9%	57.6%	59.4%	52.9%	52.0%	51.99%
Div. Increase Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	0.06	0.06	0.09	0.11	0.14	0.14	0.14	0.13	0.11	0.10	0.07	0.07	0.08	0.08	0.08	0.09	0.09	0.09	0.26	0.27	0.273
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.0%	0.9%	0.7%	0.8%	0.9%	1.0%	1.0%	0.6%	1.5%	1.46%
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%	1.0%	0.9%	0.7%	0.8%	0.9%	1.0%	1.0%	0.6%	1.5%	1.46%
Total Shareholder Return	3.2%	3.2%	3.3%	3.6%	4.2%	4.1%	4.1%	3.6%	3.3%	3.1%	2.9%	3.4%	3.0%	2.5%	1.5%	1.7%	1.6%	1.7%	1.2%	3.0%	3.00%

DuPont Factors

Metric	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	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Tax Burden (NI/EBT)	0.66	0.67	0.68	0.72	0.71	0.70	0.71	0.69	0.70	0.70	0.69	0.70	0.70	0.71	0.70	0.71	0.71	0.71	0.78	0.82	0.817
Interest Burden (EBT/EBIT)	0.99	0.99	0.99	1.00	1.00	1.00	1.00	0.99	0.99	0.99	0.99	1.00	1.00	0.97	0.97	0.97	0.97	0.99	0.99	0.99	0.995
EBIT Margin	0.11	0.12	0.12	0.14	0.14	0.15	0.14	0.13	0.13	0.14	0.14	0.15	0.16	0.16	0.17	0.18	0.17	0.17	0.16	0.15	0.155
Asset Turnover	0.96	0.96	0.97	0.93	0.93	0.93	0.94	0.93	0.94	0.92	0.92	0.89	0.90	0.90	0.91	0.88	0.88	0.87	0.86	0.85	0.845
Equity Multiplier	1.62	1.60	1.59	1.61	1.58	1.56	1.56	1.57	1.54	1.52	1.50	1.50	1.47	1.43	1.42	1.40	1.37	1.34	1.33	1.31	1.313

Per Share

Metric	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	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
EPS (Diluted TTM)	$215.61	$245.70	$274.90	$332.17	$335.21	$348.15	$353.57	$322.59	$333.69	$347.73	$356.97	$407.11	$443.75	$432.84	$154.72	$166.15	$156.20	$158.67	$158.19	$166.63	$166.63
Book Value/Share	$2102.44	$2192.84	$2248.55	$2325.92	$2387.44	$2487.11	$2527.00	$2598.44	$2691.02	$2801.64	$2864.37	$3015.17	$3135.39	$3219.88	$1070.07	$1115.95	$1114.91	$1156.42	$1177.59	$1256.39	$1292.44
Tangible Book/Share	$2081.83	$2172.81	$2228.63	$2304.71	$2365.99	$2466.40	$2507.84	$2575.45	$2667.68	$2777.03	$2839.89	$2991.35	$3111.99	$3196.28	$1061.99	$1108.12	$1107.32	$1148.71	$1169.42	$1245.50	$1245.50
Revenue/Share	$3099.42	$3173.73	$3279.16	$3259.86	$3295.27	$3410.35	$3508.58	$3589.80	$3658.56	$3687.94	$3721.42	$3765.80	$3857.93	$3896.26	$1312.09	$1328.82	$1325.06	$1320.49	$1300.97	$1326.95	$1385.44
FCF/Share	$177.14	$298.63	$222.80	$233.25	$95.70	$49.48	$130.16	$151.07	$189.14	$120.51	$97.66	$95.54	$210.91	$355.83	$144.50	$126.82	$94.45	$86.82	$62.46	$83.78	$131.01
OCF/Share	$286.28	$393.42	$373.07	$377.99	$250.83	$227.87	$259.24	$281.16	$341.29	$276.85	$282.04	$289.42	$389.45	$515.10	$185.27	$161.86	$128.14	$121.76	$100.56	$126.08	$177.64
Cash/Share	$695.17	$787.67	$670.55	$823.07	$768.24	$822.61	$770.83	$896.00	$872.52	$854.66	$792.85	$851.28	$947.85	$949.42	$287.91	$309.15	$285.90	$315.99	$270.42	$304.06	$326.56
EBITDA/Share	$427.21	$464.89	$506.41	$564.49	$577.94	$603.44	$609.30	$579.52	$592.88	$613.69	$634.26	$696.22	$749.71	$748.81	$266.49	$281.84	$267.31	$264.19	$241.74	$243.58	$243.58
Debt/Share	$360.68	$360.98	$357.07	$369.82	$358.47	$353.45	$353.75	$369.48	$356.32	$355.84	$358.05	$343.78	$344.56	$238.28	$79.95	$57.20	$55.31	$54.66	$54.87	$58.07	$58.07
Net Debt/Share	$-334.49	$-426.69	$-313.47	$-453.26	$-409.77	$-469.17	$-417.08	$-526.52	$-516.20	$-498.82	$-434.80	$-507.50	$-603.29	$-711.14	$-207.96	$-251.96	$-230.59	$-261.33	$-215.55	$-245.98	$-245.98

Academic Models

Metric	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	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	7.524
Altman Z-Prime	snapshot only																				14.388
Piotroski F-Score	8	9	8	7	6	6	7	6	7	6	6	8	8	9	8	6	6	6	5	6	6
Beneish M-Score	-2.29	-2.52	-2.39	-2.47	-2.33	-2.18	-2.32	-2.36	-2.38	-2.29	-2.33	-2.13	-2.37	-2.58	-2.83	-2.58	-2.46	-2.65	-1.90	-2.30	-2.296
Ohlson O-Score	snapshot only																				-12.281
ROIC (Greenblatt)	snapshot only																				18.37%
Net-Net WC	snapshot only																				$657.44
EVA	snapshot only																				$11179973838.92

Credit

Metric	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	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Q4'26	Current
Credit Rating	snapshot only																				AAA
Credit Score	95.05	93.76	94.48	91.00	89.75	88.23	93.37	93.20	93.72	92.83	92.26	95.62	96.73	96.66	96.74	96.86	96.80	97.10	97.21	97.29	97.295
Credit Grade	snapshot only																				1
Credit Trend	snapshot only																				0.438
Implied Spread (bps)	snapshot only																				50.000
Industry Credit Rank	snapshot only																				98
Sector Credit Rank	snapshot only																				92

5393.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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