Internetworking and Broadband Consulting (TYO:3920) said its return on equity (ROE) and return on invested capital (ROIC) have exceeded its cost of capital for two consecutive years, supported by a sharp rise in profit and stock price gains, according to a Thursday filing on the Tokyo Stock Exchange.
IBC said ROE climbed to 18% in the year ended September, well above its estimated 7.1% cost of equity, while ROIC rose to 13%, outpacing its 5.4% weighted average cost of capital.
Net sales reached a record 2.40 billion yen, up from 2.09 billion yen a year earlier, helped by post-pandemic business expansion.
The company's price-to-book ratio improved to 2.58 from 1.65, and market capitalization nearly doubled to 5.79 billion yen.
Price-to-earnings expanded to 14.09 as shares rose in line with profit growth.
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