¥1,428.00 ($9.07)

-1.00 (-0.07%)

Weekly Expected Move ±5.4%

¥1275 ¥1352 ¥1429 ¥1506 ¥1583

JPX · Communication Services · Advertising Agencies · Tech Score Sell · Power 33 · ¥17.5B mcap · 5M float · 2.50% 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.

A-

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. 9211.T receives an overall rating of A-. Strongest factors: DCF (5/5), ROE (4/5), ROA (5/5). Areas of concern: D/E (1/5), P/B (2/5).

Rating Change History

Date	From	To
2026-10-01	B+	A-
2026-09-24	None	ADDED
2026-09-23	EXISTED	None
2026-05-22	A-	B+
2026-05-20	B+	A-
2026-05-18	A-	B+
2026-05-14	B+	A-
2026-05-07	None	ADDED
2026-05-06	EXISTED	None
2026-04-24	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.

★ ★ ★ ★ ★ 51 Grade C

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. 9211.T scores highest in Momentum (84/100) and lowest in Safety (30/100). A grade of C represents mixed fundamentals — strengths in some areas offset by weaknesses.

Risk & Quality Signals

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

Altman Z-Score

1.44

Distress Zone

Piotroski F-Score

6/9

✓ ✓ ✓ ✗ ✗ ✗ ✓ ✓ ✓

Beneish M-Score

-1.42

Possible Manipulator

Ohlson O-Score

-6.60

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

BB+

Score: 45.3/100

Trend: Deteriorating

Earnings Quality

50/100

OCF/NI: 0.75x

Accruals: 1.4%

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. 9211.T scores 1.44, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. 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. 9211.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. 9211.T's score of -1.42 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. 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. 9211.T's implied 0.1% 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. 9211.T receives an estimated rating of BB+ (score: 45.3/100), 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). 9211.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

10.53x

PEG

0.24x

P/S

1.18x

P/B

2.09x

P/FCF

15.54x

P/OCF

14.77x

EV/EBITDA

7.72x

EV/Revenue

1.57x

EV/EBIT

8.30x

EV/FCF

19.62x

Earnings Yield

9.02%

FCF Yield

6.44%

Shareholder Yield

1.06%

Graham Number

$1333.87

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 10.5x earnings, 9211.T trades at a reasonable valuation. An earnings yield of 9.0% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $1333.87 per share, 7% 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

0.589

NI / EBT

Interest Burden

1.006

EBT / EBIT

EBIT Margin

0.190

EBIT / Rev

Asset Turnover

0.517

Rev / Assets

Equity Multiplier

3.421

Assets / Equity

ROE

19.9%

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. 9211.T's ROE of 19.9% is driven by financial leverage (equity multiplier: 3.42x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 0.59 suggests the company retains less than 60% of pre-tax earnings after taxes.

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

$4578.26

Price/Value

0.29x

Margin of Safety

71.19%

Premium

-71.19%

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 9211.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. 9211.T actually compounded EPS at 210.8% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. 9211.T trades at a -71% premium to its adjusted intrinsic value of $4578.26, 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 10.5x.

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 1139 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$1429.00

Median 1Y

$1126.13

5th Pctile

$334.77

95th Pctile

$3742.12

Ann. Volatility

74.2%

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	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
ROE	2.7%	5.6%	4.1%	6.3%	16.4%	24.9%	19.5%	16.3%	17.1%	18.3%	20.6%	18.5%	19.9%	19.9%	19.89%
ROA	1.1%	1.2%	2.2%	2.5%	4.9%	6.8%	6.1%	5.7%	5.6%	5.5%	5.3%	5.4%	5.8%	5.8%	5.81%
ROIC	15.4%	5.4%	8.5%	9.0%	6.7%	10.5%	9.4%	10.8%	12.2%	9.6%	7.6%	8.4%	8.1%	11.3%	11.27%
ROCE	4.8%	5.2%	4.9%	5.5%	5.1%	7.4%	8.1%	7.7%	8.9%	9.1%	9.1%	10.4%	9.4%	12.6%	12.62%
Gross Margin	53.1%	51.1%	60.6%	64.8%	59.2%	55.6%	61.3%	56.5%	58.8%	50.1%	66.6%	54.9%	58.9%	62.6%	62.61%
Operating Margin	20.6%	12.8%	29.8%	22.9%	26.4%	25.6%	32.6%	30.6%	30.0%	6.5%	17.5%	15.8%	15.1%	18.0%	17.95%
Net Margin	6.3%	7.2%	19.4%	13.2%	20.4%	22.1%	18.9%	17.6%	21.2%	15.2%	13.4%	11.5%	11.8%	9.3%	9.31%
EBITDA Margin	22.7%	19.9%	33.7%	26.8%	28.8%	27.9%	34.7%	32.9%	37.8%	21.3%	25.4%	23.2%	16.5%	19.3%	19.28%
FCF Margin	28.8%	-2.7%	1.1%	18.3%	27.9%	34.0%	30.4%	24.0%	18.7%	14.1%	12.2%	9.9%	8.5%	8.0%	8.02%
OCF Margin	32.2%	-0.3%	3.7%	20.5%	29.0%	35.4%	31.9%	25.5%	20.4%	15.6%	13.4%	10.9%	9.2%	8.4%	8.44%
ROE 3Y Avg	snapshot only														15.49%
ROA 3Y Avg	snapshot only														4.52%
ROIC 3Y Avg	snapshot only														9.18%
ROIC Economic	snapshot only														6.58%
Cash ROA	snapshot only														3.76%
Cash ROIC	snapshot only														8.83%
CROIC	snapshot only														8.39%
NOPAT Margin	snapshot only														10.77%
Pretax Margin	snapshot only														19.06%
R&D / Revenue	snapshot only														0.00%
SGA / Revenue	snapshot only														44.05%
SBC / Revenue	snapshot only														0.00%

Valuation

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
P/E Ratio	433.06	309.97	87.49	52.03	26.11	24.80	45.55	25.82	17.53	18.68	21.29	26.54	12.77	11.09	10.527
P/S Ratio	27.21	20.77	10.32	6.38	4.28	4.82	8.79	5.07	3.49	3.30	3.38	3.77	1.62	1.25	1.177
P/B Ratio	11.64	17.29	3.57	3.27	2.65	3.75	8.07	3.09	2.21	2.52	3.33	4.64	2.27	1.98	2.088
P/FCF	94.62	-774.35	944.74	34.88	15.32	14.20	28.89	21.14	18.70	23.37	27.76	38.12	19.14	15.54	15.539
P/OCF	84.54	—	282.08	31.08	14.76	13.63	27.55	19.86	17.08	21.14	25.25	34.51	17.69	14.77	14.768
EV/EBITDA	116.33	105.24	36.13	23.68	18.67	19.07	32.80	17.24	10.81	11.98	14.77	16.88	10.06	7.72	7.724
EV/Revenue	26.38	22.49	9.51	6.27	5.23	5.50	9.90	5.41	3.62	3.55	4.02	4.25	2.11	1.57	1.573
EV/EBIT	132.08	134.17	43.12	27.97	21.26	20.99	35.51	18.47	11.54	12.72	15.70	17.95	10.78	8.30	8.300
EV/FCF	91.74	-838.18	870.77	34.31	18.73	16.19	32.56	22.57	19.40	25.15	33.04	43.03	24.88	19.62	19.621
Earnings Yield	0.2%	0.3%	1.1%	1.9%	3.8%	4.0%	2.2%	3.9%	5.7%	5.4%	4.7%	3.8%	7.8%	9.0%	9.02%
FCF Yield	1.1%	-0.1%	0.1%	2.9%	6.5%	7.0%	3.5%	4.7%	5.3%	4.3%	3.6%	2.6%	5.2%	6.4%	6.44%
PEG Ratio	snapshot only														0.242
EV/OCF	snapshot only														18.647
EV/Gross Profit	snapshot only														2.595
Acquirers Multiple	snapshot only														9.485
Shareholder Yield	snapshot only														1.06%
Graham Number	snapshot only														$1333.87

Leverage & Solvency

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Current Ratio	2.58	0.97	4.02	3.52	2.60	2.20	1.54	2.03	2.19	1.43	1.30	1.44	1.51	1.39	1.393
Quick Ratio	2.58	0.97	4.02	3.52	2.60	2.20	1.54	2.03	2.19	1.43	1.30	1.44	1.51	1.39	1.393
Debt/Equity	1.17	2.84	0.76	1.42	1.89	1.79	2.47	1.42	1.20	1.12	1.38	1.67	1.73	1.64	1.638
Net Debt/Equity	-0.35	1.43	-0.28	-0.05	0.59	0.53	1.02	0.21	0.08	0.19	0.63	0.60	0.68	0.52	0.521
Debt/Assets	0.47	0.61	0.41	0.55	0.54	0.52	0.58	0.47	0.43	0.35	0.37	0.43	0.44	0.46	0.459
Debt/EBITDA	12.11	15.99	8.40	10.46	10.90	7.99	8.92	7.40	5.65	4.95	5.16	5.37	5.89	5.05	5.052
Net Debt/EBITDA	-3.65	8.01	-3.07	-0.39	3.40	2.35	3.69	1.09	0.39	0.85	2.36	1.93	2.32	1.61	1.607
Interest Coverage	20.41	15.75	15.28	14.79	14.85	15.67	15.56	13.91	13.43	12.42	13.04	12.83	11.03	8.08	8.082
Equity Multiplier	2.50	4.69	1.87	2.56	3.54	3.44	4.28	3.00	2.81	3.23	3.71	3.83	3.96	3.57	3.571
Cash Ratio	snapshot only														0.946
Debt Service Coverage	snapshot only														8.685
Cash to Debt	snapshot only														0.682
FCF to Debt	snapshot only														0.078
Defensive Interval	snapshot only														767.2 days

Efficiency & Turnover

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Asset Turnover	0.17	0.18	0.18	0.20	0.30	0.35	0.32	0.29	0.28	0.31	0.33	0.38	0.45	0.52	0.517
Inventory Turnover	—	—	2175.13	4576.92	1870.74	—	8381.79	23512.34	4183.71	—	51364.11	—	—	—	—
Receivables Turnover	1.43	2.39	3.28	4.91	5.24	6.13	6.40	7.63	6.75	5.68	5.23	7.13	6.43	6.32	6.325
Payables Turnover	0.97	2.13	3.66	6.22	4.52	6.01	9.08	9.77	8.84	6.03	5.57	6.91	7.69	7.39	7.394
DSO	255	153	111	74	70	60	57	48	54	64	70	51	57	58	57.7 days
DIO	0	-0	0	0	0	-0	0	0	0	0	0	0	0	0	0.0 days
DPO	377	172	100	59	81	61	40	37	41	60	66	53	47	49	49.4 days
Cash Conversion Cycle	-122	-19	12	16	-11	-1	17	11	13	4	4	-2	9	8	8.3 days
Fixed Asset Turnover	snapshot only														33.535
Cash Velocity	snapshot only														1.425
Capital Intensity	snapshot only														2.243

Growth (YoY)

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Revenue	—	—	—	—	5.1%	3.3%	2.3%	1.5%	1.2%	1.1%	1.1%	1.3%	1.8%	1.6%	1.61%
Net Income	—	—	—	—	14.9%	11.5%	4.3%	3.1%	1.6%	87.7%	71.2%	64.3%	78.9%	66.3%	66.33%
EPS	—	—	—	—	11.7%	10.2%	3.8%	2.6%	1.4%	54.2%	53.1%	55.1%	70.7%	73.8%	73.84%
FCF	—	—	—	—	4.9%	55.7%	89.9%	2.3%	43.9%	-14.1%	-16.7%	-6.3%	27.3%	48.5%	48.49%
EBITDA	—	—	—	—	6.5%	4.8%	2.7%	2.0%	1.6%	1.1%	87.6%	82.4%	75.5%	79.6%	79.61%
Op. Income	—	—	—	—	6.1%	5.6%	3.1%	2.3%	1.6%	68.9%	35.5%	23.1%	33.6%	1.0%	1.04%
OCF Growth	snapshot only														41.38%
Asset Growth	snapshot only														38.35%
Equity Growth	snapshot only														25.23%
Debt Growth	snapshot only														83.38%
Shares Change	snapshot only														-4.32%

Growth (CAGR)

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Revenue 3Y	—	—	—	—	—	—	—	—	—	—	—	—	2.3%	1.9%	1.86%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	2.7%	2.1%	2.11%
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	3.2%	2.4%	2.40%
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	2.2%	1.8%	1.81%
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	—	2.4%	2.0%	2.01%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.9%	1.8%	1.84%
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.2%	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.2%	—	—
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.6%	1.1%	1.10%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.2%	1.3%	1.30%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	—	97.9%	1.1%	1.11%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Revenue Stability	—	—	—	—	—	—	—	—	0.99	0.99	0.98	0.96	0.87	0.88	0.882
Earnings Stability	—	—	—	—	—	—	—	—	0.98	1.00	1.00	1.00	0.97	0.99	0.993
Margin Stability	—	—	—	—	—	—	—	—	0.94	0.94	0.96	0.99	0.95	0.93	0.933
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	1.00	1.000
Earn. 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	1.00	1.000
FCF Positive Streak	0	0	0	0	1	0	1	1	1	1	1	1	1	1	1
Earnings Persistence	—	—	—	—	—	—	—	—	0.50	0.50	0.50	0.50	0.50	0.50	0.500
Earnings Smoothness	—	—	—	—	0.00	0.00	0.00	0.00	0.11	0.39	0.47	0.51	0.43	0.50	0.502
ROE Trend	—	—	—	—	—	—	—	—	0.06	0.03	0.05	0.08	0.06	0.04	0.036
Gross Margin Trend	—	—	—	—	—	—	—	—	0.02	-0.00	0.01	-0.01	-0.01	0.03	0.033
FCF Margin Trend	—	—	—	—	—	—	—	—	-0.10	-0.02	-0.04	-0.11	-0.15	-0.16	-0.160
Sustainable Growth Rate	2.7%	5.6%	4.1%	6.3%	16.4%	24.9%	19.5%	16.3%	17.1%	18.3%	20.6%	18.5%	19.9%	19.9%	19.89%
Internal Growth Rate	1.1%	1.2%	2.2%	2.5%	5.2%	7.3%	6.5%	6.1%	6.0%	5.9%	5.6%	5.7%	6.1%	6.2%	6.17%

Cash Flow Quality

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
OCF/Net Income	5.12	-0.04	0.31	1.67	1.77	1.82	1.65	1.30	1.03	0.88	0.84	0.77	0.72	0.75	0.751
FCF/OCF	0.89	9.93	0.30	0.89	0.96	0.96	0.95	0.94	0.91	0.90	0.91	0.91	0.92	0.95	0.950
FCF/Net Income	snapshot only														0.714
OCF/EBITDA	snapshot only														0.414
CapEx/Revenue	3.4%	2.4%	2.6%	2.2%	1.7%	1.9%	1.8%	1.9%	1.8%	1.5%	1.2%	1.0%	0.7%	0.4%	0.42%
CapEx/Depreciation	snapshot only														0.296
Accruals Ratio	-0.04	0.01	0.02	-0.02	-0.04	-0.06	-0.04	-0.02	-0.00	0.01	0.01	0.01	0.02	0.01	0.014
Sloan Accruals	snapshot only														0.042
Cash Flow Adequacy	snapshot only														20.156
Earnings Quality Score	snapshot only														0.500

Dividends & Buybacks

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Dividend 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%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	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%
FCF Payout Ratio	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 Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	6.3%	11.8%	11.81%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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%	0.5%	1.1%	1.06%
Net Buyback Yield	-0.0%	0.0%	-18.5%	-19.9%	-23.3%	-15.5%	-0.2%	-13.3%	-20.9%	-20.7%	-18.5%	-7.2%	-9.6%	-6.3%	-6.34%
Total Shareholder Return	-0.0%	0.0%	-18.5%	-19.9%	-23.3%	-15.5%	-0.2%	-13.3%	-20.9%	-20.7%	-18.5%	-7.2%	-9.6%	-6.3%	-6.34%

DuPont Factors

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.33	0.42	0.57	0.58	0.72	0.79	0.74	0.72	0.69	0.69	0.67	0.65	0.64	0.59	0.589
Interest Burden (EBT/EBIT)	0.96	0.94	0.94	0.93	0.93	0.93	0.93	0.93	0.93	0.92	0.93	0.92	1.02	1.01	1.006
EBIT Margin	0.20	0.17	0.22	0.22	0.25	0.26	0.28	0.29	0.31	0.28	0.26	0.24	0.20	0.19	0.190
Asset Turnover	0.17	0.18	0.18	0.20	0.30	0.35	0.32	0.29	0.28	0.31	0.33	0.38	0.45	0.52	0.517
Equity Multiplier	2.50	4.69	1.87	2.56	3.34	3.66	3.20	2.86	3.04	3.30	3.90	3.44	3.45	3.42	3.421

Per Share

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$2.19	$3.96	$10.80	$15.79	$27.75	$44.36	$51.98	$57.09	$65.48	$68.40	$79.61	$88.54	$111.79	$118.92	$118.92
Book Value/Share	$81.28	$71.02	$264.85	$251.14	$272.98	$293.41	$293.28	$476.33	$518.33	$508.02	$509.46	$506.19	$629.78	$664.97	$419.10
Tangible Book/Share	$52.23	$-57.17	$147.80	$88.81	$-131.20	$-111.29	$-297.25	$-135.62	$-118.36	$-369.97	$-569.71	$-523.80	$-653.93	$-407.42	$-407.42
Revenue/Share	$34.77	$59.11	$91.56	$128.78	$169.41	$228.13	$269.51	$290.76	$328.66	$387.40	$501.19	$623.64	$879.98	$1058.53	$1217.38
FCF/Share	$10.00	$-1.59	$1.00	$23.55	$47.30	$77.48	$81.95	$69.72	$61.39	$54.69	$61.06	$61.65	$74.57	$84.88	$0.00
OCF/Share	$11.19	$-0.16	$3.35	$26.44	$49.09	$80.71	$85.97	$74.23	$67.21	$60.44	$67.12	$68.10	$80.69	$89.31	$0.00
Cash/Share	$124.28	$100.72	$276.58	$370.45	$355.89	$371.32	$424.83	$575.33	$579.76	$470.86	$382.42	$541.07	$658.11	$742.93	$767.79
EBITDA/Share	$7.89	$12.63	$24.11	$34.13	$47.44	$65.79	$81.35	$91.25	$110.20	$114.86	$136.54	$157.12	$184.49	$215.61	$215.61
Debt/Share	$95.47	$201.94	$202.60	$357.01	$517.22	$525.78	$725.42	$674.81	$622.48	$568.35	$704.64	$843.67	$1086.59	$1089.37	$1089.37
Net Debt/Share	$-28.81	$101.22	$-73.99	$-13.45	$161.32	$154.46	$300.59	$99.47	$42.72	$97.49	$322.22	$302.60	$428.48	$346.44	$346.44

Academic Models

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.442
Altman Z-Prime	snapshot only														2.496
Piotroski F-Score	4	2	3	4	7	8	6	6	6	5	6	5	5	6	6
Beneish M-Score	—	—	—	—	-0.60	-0.61	-0.73	-1.00	-1.98	-1.12	-1.13	-0.80	0.19	-1.42	-1.418
Ohlson O-Score	snapshot only														-6.603
Net-Net WC	snapshot only														$-875.22
EVA	snapshot only														$162641001.44

Credit

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only														BB+
Credit Score	78.39	55.06	70.45	59.51	51.40	55.84	55.60	54.35	53.85	51.87	48.76	47.93	51.29	45.28	45.278
Credit Grade	snapshot only														11
Credit Trend	snapshot only														-6.593
Implied Spread (bps)	snapshot only														400.000
Industry Credit Rank	snapshot only														31
Sector Credit Rank	snapshot only														40

9211.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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