¥2,222.00 ($14.07)

-13.00 (-0.58%)

Weekly Expected Move ±1.8%

¥2156 ¥2195 ¥2235 ¥2275 ¥2314

JPX · Consumer Defensive · Education & Training Services · Tech Score Sell · Power 36 · ¥53.4B mcap · 4M float · 0.568% 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. 9733.T receives an overall rating of B+. Strongest factors: DCF (5/5), ROE (4/5), ROA (4/5). Areas of concern: D/E (1/5), 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
2026-08-10	B+	B
2026-07-27	A-	B+
2026-07-23	B+	A-
2026-05-28	A-	B+
2026-05-27	B+	A-
2026-05-25	A-	B+
2026-05-14	B+	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.

★ ★ ★ ★ ★ 35 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. 9733.T scores highest in Earnings Quality (83/100) and lowest in Profitability (13/100). 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

1.48

Distress Zone

Piotroski F-Score

4/9

✓ ✓ ✗ ✓ ✗ ✗ ✓ ✗ ✗

Beneish M-Score

-2.50

Unlikely Manipulator

Ohlson O-Score

-7.29

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

Score: 41.5/100

Trend: Deteriorating

Earnings Quality

75/100

OCF/NI: 4.27x

Accruals: -6.6%

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. 9733.T scores 1.48, 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. 9733.T scores 4/9, 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. 9733.T's score of -2.50 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. 9733.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. 9733.T receives an estimated rating of BB (score: 41.5/100), 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). 9733.T's score of 75/100 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

16.59x

PEG

0.33x

P/S

0.82x

P/B

2.13x

P/FCF

10.65x

P/OCF

8.26x

EV/EBITDA

12.12x

EV/Revenue

1.38x

EV/EBIT

25.81x

EV/FCF

14.50x

Earnings Yield

2.83%

FCF Yield

9.39%

Shareholder Yield

4.44%

Graham Number

$1236.66

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 16.6x earnings, 9733.T trades at a reasonable valuation. Graham's intrinsic value formula yields $1236.66 per share, 81% 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

0.606

NI / EBT

Interest Burden

0.886

EBT / EBIT

EBIT Margin

0.054

EBIT / Rev

Asset Turnover

0.696

Rev / Assets

Equity Multiplier

3.123

Assets / Equity

ROE

6.3%

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. 9733.T's ROE of 6.3% is driven by financial leverage (equity multiplier: 3.12x). Note: high leverage means ROE is amplified by debt rather than operational performance.

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

9.24%

Fair P/E

26.98x

Intrinsic Value

$1758.23

Price/Value

1.31x

Margin of Safety

-30.81%

Premium

30.81%

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 9733.T's realized 9.2% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. 9733.T trades at a 31% premium to its adjusted intrinsic value of $1758.23, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 27.0x compares to the current market P/E of 16.6x.

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

$2235.00

Median 1Y

$2238.01

5th Pctile

$1138.66

95th Pctile

$4398.52

Ann. Volatility

41.4%

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	5.5%	11.5%	11.6%	12.0%	9.9%	8.5%	9.4%	9.9%	7.8%	7.3%	6.5%	8.4%	6.3%	6.27%
ROA	1.8%	3.9%	3.9%	3.9%	3.4%	3.0%	3.1%	3.3%	2.7%	2.6%	2.2%	2.8%	2.0%	2.01%
ROIC	4.0%	9.8%	9.9%	8.2%	6.7%	6.5%	7.5%	7.0%	6.5%	6.1%	6.5%	6.7%	4.2%	4.16%
ROCE	3.6%	7.8%	8.3%	9.4%	8.6%	7.7%	7.1%	7.2%	6.5%	5.7%	5.3%	6.4%	4.8%	4.83%
Gross Margin	31.6%	34.2%	23.5%	22.4%	29.0%	32.0%	23.8%	18.5%	29.2%	31.5%	23.9%	18.6%	18.6%	18.59%
Operating Margin	15.5%	17.7%	2.8%	-1.4%	11.7%	16.3%	5.9%	-2.6%	13.0%	15.9%	6.7%	0.3%	-0.7%	-0.66%
Net Margin	10.0%	11.4%	0.8%	-1.3%	6.2%	10.3%	3.3%	-2.3%	2.7%	10.6%	1.9%	1.0%	-2.1%	-2.15%
EBITDA Margin	15.5%	22.6%	2.7%	-0.7%	10.8%	16.4%	11.3%	4.6%	13.1%	21.1%	9.3%	9.2%	6.0%	5.96%
FCF Margin	7.1%	6.8%	5.8%	5.5%	4.7%	3.9%	3.9%	3.9%	3.8%	3.8%	5.8%	7.6%	9.5%	9.55%
OCF Margin	11.0%	10.5%	9.8%	9.9%	9.3%	8.8%	8.5%	8.3%	8.0%	7.7%	9.2%	10.6%	12.3%	12.31%
ROE 3Y Avg	snapshot only													7.82%
ROA 3Y Avg	snapshot only													2.62%
ROIC 3Y Avg	snapshot only													3.48%
ROIC Economic	snapshot only													3.22%
Cash ROA	snapshot only													7.73%
Cash ROIC	snapshot only													14.85%
CROIC	snapshot only													11.53%
NOPAT Margin	snapshot only													3.45%
Pretax Margin	snapshot only													4.75%
R&D / Revenue	snapshot only													0.00%
SGA / Revenue	snapshot only													17.56%
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	30.98	14.07	15.34	17.21	18.65	20.55	18.72	18.32	21.74	22.02	24.47	21.17	35.29	16.588
P/S Ratio	3.10	1.51	1.14	0.95	0.85	0.88	0.92	0.87	0.84	0.87	0.87	0.86	1.02	0.821
P/B Ratio	1.71	1.62	1.78	2.07	1.80	1.68	1.69	1.73	1.65	1.55	1.54	1.67	2.21	2.133
P/FCF	43.76	22.25	19.71	17.26	18.26	22.43	23.61	22.45	21.77	23.20	15.04	11.38	10.65	10.648
P/OCF	28.24	14.36	11.58	9.59	9.20	9.99	10.76	10.47	10.40	11.37	9.39	8.11	8.26	8.262
EV/EBITDA	24.98	8.94	9.51	11.50	12.18	14.07	11.06	10.10	9.37	8.70	8.64	8.54	12.12	12.120
EV/Revenue	3.87	1.71	1.30	1.21	1.14	1.08	1.09	1.12	1.10	1.14	1.07	1.12	1.38	1.384
EV/EBIT	24.98	10.38	11.14	13.55	14.64	14.45	13.13	13.66	14.84	15.51	16.16	15.20	25.81	25.809
EV/FCF	54.56	25.28	22.54	22.04	24.46	27.62	28.06	28.85	28.63	30.16	18.62	14.88	14.50	14.496
Earnings Yield	3.2%	7.1%	6.5%	5.8%	5.4%	4.9%	5.3%	5.5%	4.6%	4.5%	4.1%	4.7%	2.8%	2.83%
FCF Yield	2.3%	4.5%	5.1%	5.8%	5.5%	4.5%	4.2%	4.5%	4.6%	4.3%	6.6%	8.8%	9.4%	9.39%
PEG Ratio	snapshot only													0.330
Price/Tangible Book	snapshot only													2.889
EV/OCF	snapshot only													11.248
EV/Gross Profit	snapshot only													5.955
Acquirers Multiple	snapshot only													24.307
Shareholder Yield	snapshot only													4.44%
Graham Number	snapshot only													$1236.66

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	1.52	1.55	1.22	0.83	0.75	0.85	1.26	1.18	1.32	1.27	1.22	1.04	0.74	0.739
Quick Ratio	1.49	1.50	1.19	0.81	0.73	0.82	1.24	1.14	1.28	1.22	1.20	1.00	0.71	0.715
Debt/Equity	1.22	1.09	0.99	1.20	1.12	0.98	1.24	1.17	1.05	1.02	0.96	1.03	1.37	1.369
Net Debt/Equity	0.42	0.22	0.26	0.58	0.61	0.39	0.32	0.49	0.52	0.47	0.37	0.52	0.80	0.797
Debt/Assets	0.40	0.37	0.34	0.39	0.39	0.36	0.40	0.39	0.38	0.36	0.33	0.35	0.40	0.397
Debt/EBITDA	14.28	5.28	4.65	5.21	5.67	6.65	6.81	5.31	4.55	4.39	4.37	4.03	5.53	5.528
Net Debt/EBITDA	4.95	1.07	1.19	2.50	3.09	2.64	1.75	2.24	2.24	2.01	1.66	2.01	3.22	3.217
Interest Coverage	27.50	31.53	22.64	17.01	15.05	14.70	15.74	13.85	11.94	11.21	10.16	12.08	8.70	8.696
Equity Multiplier	3.02	2.95	2.95	3.09	2.88	2.74	3.07	2.99	2.79	2.85	2.89	2.92	3.45	3.451
Cash Ratio	snapshot only													0.549
Debt Service Coverage	snapshot only													18.518
Cash to Debt	snapshot only													0.418
FCF to Debt	snapshot only													0.151
Defensive Interval	snapshot only													632.1 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	0.18	0.36	0.53	0.71	0.74	0.70	0.64	0.68	0.71	0.65	0.62	0.70	0.70	0.696
Inventory Turnover	17.07	23.79	50.94	53.23	70.43	50.80	69.71	55.08	69.79	50.24	76.01	62.40	73.18	73.181
Receivables Turnover	6.07	12.54	14.07	22.63	21.26	23.72	15.45	23.79	18.67	21.38	13.14	26.00	22.89	22.894
Payables Turnover	46.77	44.38	65.58	94.44	188.37	99.26	92.69	94.65	184.01	102.45	99.79	96.95	138.32	138.319
DSO	60	29	26	16	17	15	24	15	20	17	28	14	16	15.9 days
DIO	21	15	7	7	5	7	5	7	5	7	5	6	5	5.0 days
DPO	8	8	6	4	2	4	4	4	2	4	4	4	3	2.6 days
Cash Conversion Cycle	74	36	28	19	20	19	25	18	23	21	29	16	18	18.3 days
Fixed Asset Turnover	snapshot only													1.770
Operating Cycle	snapshot only													20.9 days
Cash Velocity	snapshot only													3.789
Capital Intensity	snapshot only													1.592

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	—	—	—	—	3.1%	94.3%	28.3%	-1.0%	-1.8%	-0.9%	4.3%	10.3%	10.7%	10.73%
Net Income	—	—	—	—	85.6%	-22.7%	-15.1%	-14.2%	-17.3%	-7.7%	-24.8%	-6.0%	-17.0%	-16.98%
EPS	—	—	—	—	85.6%	-22.7%	-15.0%	-14.2%	-17.3%	-7.7%	-24.8%	-6.0%	-15.1%	-15.07%
FCF	—	—	—	—	1.7%	11.9%	-13.5%	-29.8%	-19.2%	-4.4%	54.3%	1.1%	1.8%	1.76%
EBITDA	—	—	—	—	1.5%	-22.4%	-7.4%	4.6%	23.0%	68.8%	31.1%	30.8%	7.8%	7.82%
Op. Income	—	—	—	—	1.1%	-9.9%	-8.5%	-7.8%	6.1%	11.7%	7.4%	17.9%	-28.2%	-28.15%
OCF Growth	snapshot only													69.75%
Asset Growth	snapshot only													24.34%
Equity Growth	snapshot only													0.58%
Debt Growth	snapshot only													31.00%
Shares Change	snapshot only													-2.25%
Dividend Growth	snapshot only													11.58%

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	—	—	—	—	—	—	—	—	—	—	—	—	64.3%	64.26%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	9.2%	9.24%
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	8.4%	8.42%
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	48.4%	48.38%
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	—	48.2%	48.24%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	17.6%	17.61%
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	81.4%	81.37%
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	70.6%	70.56%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	—	8.9%	8.86%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	—	4.1%	4.09%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	—	4.9%	4.88%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	3.7%	3.72%

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	—	—	—	—	—	—	—	—	0.73	0.74	0.87	0.67	0.68	0.683
Earnings Stability	—	—	—	—	—	—	—	—	0.38	0.90	0.99	0.93	0.03	0.031
Margin Stability	—	—	—	—	—	—	—	—	0.90	0.87	0.93	0.95	0.87	0.872
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.00	0.00	0.00	1.00	0.50	0.50	0.500
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	—	—	—	—	—	—	—	—	0.93	0.97	0.90	0.98	0.93	0.932
Earnings Smoothness	—	—	—	—	0.40	0.74	0.84	0.85	0.81	0.92	0.72	0.94	0.81	0.814
ROE Trend	—	—	—	—	—	—	—	—	-0.00	-0.03	-0.04	-0.03	-0.02	-0.024
Gross Margin Trend	—	—	—	—	—	—	—	—	-0.03	-0.04	-0.02	-0.01	-0.04	-0.037
FCF Margin Trend	—	—	—	—	—	—	—	—	-0.02	-0.02	0.01	0.03	0.05	0.053
Sustainable Growth Rate	4.3%	9.3%	7.8%	6.1%	3.4%	2.0%	2.3%	1.2%	-1.5%	-1.8%	-2.3%	-1.0%	-3.6%	-3.56%
Internal Growth Rate	1.5%	3.2%	2.7%	2.0%	1.2%	0.7%	0.8%	0.4%	—	—	—	—	—	—

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	1.10	0.98	1.32	1.79	2.03	2.06	1.74	1.75	2.09	1.94	2.61	2.61	4.27	4.272
FCF/OCF	0.65	0.65	0.59	0.56	0.50	0.45	0.46	0.47	0.48	0.49	0.62	0.71	0.78	0.776
FCF/Net Income	snapshot only													3.315
OCF/EBITDA	snapshot only													1.078
CapEx/Revenue	3.9%	3.7%	4.1%	4.4%	4.6%	4.9%	4.7%	4.5%	4.2%	3.9%	3.5%	3.0%	2.8%	2.76%
CapEx/Depreciation	snapshot only													0.455
Accruals Ratio	-0.00	0.00	-0.01	-0.03	-0.03	-0.03	-0.02	-0.02	-0.03	-0.02	-0.04	-0.05	-0.07	-0.066
Sloan Accruals	snapshot only													-0.185
Cash Flow Adequacy	snapshot only													1.691
Earnings Quality Score	snapshot only													0.750

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	0.7%	1.4%	2.1%	2.9%	3.5%	3.7%	4.1%	4.8%	5.5%	5.7%	5.5%	5.3%	4.4%	9.44%
Dividend/Share	$10.83	$21.65	$38.29	$54.95	$60.77	$66.59	$74.92	$83.26	$91.60	$99.94	$99.93	$99.92	$102.21	$210.00
Payout Ratio	21.7%	19.3%	32.9%	49.7%	65.5%	77.0%	75.8%	87.7%	1.2%	1.3%	1.3%	1.1%	1.6%	1.57%
FCF Payout Ratio	30.6%	30.6%	42.3%	49.8%	64.1%	84.1%	95.6%	1.1%	1.2%	1.3%	82.7%	60.2%	47.3%	47.32%
Total Payout Ratio	21.7%	19.3%	32.9%	49.7%	65.5%	77.0%	75.8%	87.7%	1.2%	1.3%	1.3%	1.1%	1.6%	1.57%
Div. Increase Streak	0	0	0	0	1	1	1	1	1	1	1	1	1	1
Chowder Number	—	—	—	—	4.65	2.11	1.00	0.56	0.56	0.56	0.39	0.25	0.14	0.135
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	0.7%	1.4%	2.1%	2.9%	3.5%	3.7%	4.1%	4.8%	5.5%	5.7%	5.5%	5.3%	4.4%	4.44%

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)	0.67	0.67	0.66	0.65	0.63	0.61	0.63	0.63	0.57	0.57	0.57	0.58	0.61	0.606
Interest Burden (EBT/EBIT)	0.96	0.97	0.96	0.94	0.93	0.93	0.94	0.93	0.92	0.94	0.94	0.95	0.89	0.886
EBIT Margin	0.15	0.17	0.12	0.09	0.08	0.07	0.08	0.08	0.07	0.07	0.07	0.07	0.05	0.054
Asset Turnover	0.18	0.36	0.53	0.71	0.74	0.70	0.64	0.68	0.71	0.65	0.62	0.70	0.70	0.696
Equity Multiplier	3.02	2.95	2.95	3.09	2.95	2.84	3.01	3.03	2.83	2.80	2.98	2.95	3.12	3.123

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)	$49.99	$111.90	$116.33	$110.65	$92.80	$86.45	$98.84	$94.92	$76.73	$79.81	$74.30	$89.23	$65.17	$65.17
Book Value/Share	$904.05	$974.17	$1004.43	$918.64	$962.17	$1060.32	$1092.67	$1004.93	$1013.71	$1134.35	$1184.07	$1127.89	$1043.04	$1043.20
Tangible Book/Share	$766.54	$840.08	$780.92	$701.63	$749.83	$861.73	$893.63	$810.64	$824.47	$885.78	$937.32	$881.75	$796.09	$796.09
Revenue/Share	$498.86	$1043.72	$1568.17	$2012.46	$2034.22	$2028.15	$2012.66	$1991.94	$1996.73	$2009.11	$2098.87	$2196.60	$2261.84	$2513.21
FCF/Share	$35.39	$70.79	$90.57	$110.39	$94.79	$79.20	$78.33	$77.47	$76.61	$75.74	$120.88	$166.01	$216.00	$0.00
OCF/Share	$54.84	$109.68	$154.11	$198.57	$188.17	$177.77	$171.95	$166.13	$160.31	$154.49	$193.70	$232.91	$278.37	$0.00
Cash/Share	$721.91	$843.38	$741.87	$574.79	$491.99	$623.45	$1005.42	$678.83	$540.03	$625.39	$705.38	$583.95	$596.91	$596.91
EBITDA/Share	$77.30	$200.30	$214.67	$211.58	$190.38	$155.51	$198.81	$221.26	$234.22	$262.44	$260.65	$289.41	$258.33	$258.33
Debt/Share	$1104.19	$1058.53	$998.20	$1103.36	$1079.81	$1034.15	$1353.78	$1175.18	$1065.60	$1152.89	$1138.72	$1165.73	$1428.01	$1428.01
Net Debt/Share	$382.28	$215.15	$256.33	$528.56	$587.82	$410.70	$348.36	$496.35	$525.56	$527.50	$433.33	$581.78	$831.11	$831.11

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	—	—	—	—	—	—	—	—	—	—	—	—	—	1.476
Altman Z-Prime	snapshot only													1.333
Piotroski F-Score	4	3	4	4	7	6	7	4	6	4	7	7	4	4
Beneish M-Score	—	—	—	—	-2.32	-2.52	-2.10	-2.44	-2.53	-2.29	-2.48	-2.43	-2.50	-2.499
Ohlson O-Score	snapshot only													-7.294
ROIC (Greenblatt)	snapshot only													12.20%
Net-Net WC	snapshot only													$-1753.34
EVA	snapshot only													$-2815070834.84

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													BB
Credit Score	50.29	54.71	55.70	54.38	45.53	46.62	50.08	47.75	56.56	49.16	52.56	49.21	41.54	41.542
Credit Grade	snapshot only													12
Credit Trend	snapshot only													-15.020
Implied Spread (bps)	snapshot only													475.000
Industry Credit Rank	snapshot only													30
Sector Credit Rank	snapshot only													28

9733.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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