Financials

Nissui: FYE Mar 2026 and ten years of results (51 metrics)

FYE Mar 2026 · Revenue¥931bnYoY +5.1%

FYE Mar 2026 · Operating profit¥40bnYoY +27.2%

FYE Mar 2026 · Net profit¥28bnYoY +8.4%

FYE Mar 2026 · Equity ratio40.0%YoY −3.6pp

FYE Mar 2026 · Group employees11,526YoY +1,194

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥636bn	n/a	¥23bn	n/a	3.6%	¥14bn	Hosomi Norio	—
FYE Mar 2018Consolidated	¥677bn	+6.5%	¥23bn	+2.6%	3.4%	¥17bn	Hosomi Norio	<a class="en-history_person" href="/tse/1332/executives/ceo/matono-akiyo/" hreflang="ja">Matono Akiyo</a> becomes president
FYE Mar 2019Consolidated	¥712bn	+5.1%	¥22bn	−6.7%	3.0%	¥15bn	Oki Shinsuke	—
FYE Mar 2020Consolidated	¥690bn	−3.1%	¥23bn	+5.3%	3.3%	¥15bn	Matono Akiyo	—
FYE Mar 2021Consolidated	¥615bn	−10.9%	¥18bn	−21.2%	2.9%	¥14bn	Matono Akiyo	<a class="en-history_person" href="/tse/1332/executives/ceo/hamada-shingo/" hreflang="ja">Hamada Shingo</a> becomes president
FYE Mar 2022Consolidated	¥694bn	+12.8%	¥27bn	+50.4%	3.9%	¥17bn	Matono Akiyo	—
FYE Mar 2023Consolidated	¥768bn	+10.7%	¥24bn	−9.6%	3.2%	¥21bn	Hamada Shingo	All shares in Nissui Pharmaceutical sold to Shimadzu
FYE Mar 2024Consolidated	¥831bn	+8.2%	¥30bn	+21.1%	3.6%	¥24bn	Hamada Shingo	—
FYE Mar 2025Consolidated	¥886bn	+6.6%	¥32bn	+7.1%	3.6%	¥25bn	Hamada Shingo	<a class="en-history_person" href="/tse/1332/executives/ceo/tanaka-teru/" hreflang="ja">Tanaka Teru</a> becomes president
FYE Mar 2026Consolidated	¥931bn	+5.1%	¥40bn	+27.2%	4.3%	¥28bn	Hamada Shingo	—

How it compares

Umios¥1.11tnFY2025Operating margin 2.8%

Nissui¥931bnFY2025Operating margin 4.3%

Maruha CorporationDissolved 2007

Kyokuyou¥303bnFY2024Operating margin 3.7%

Nichiro CorporationDelisted 2007

Hagoromo Foods¥75bnFY2025Operating margin 4.2%

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥931bn

CAGR · 10 yrs +4.3%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	636	n/a	Cons. · Japanese GAAP
FYE Mar 2018	677	+6.5%	Cons. · Japanese GAAP
FYE Mar 2019	712	+5.1%	Cons. · Japanese GAAP
FYE Mar 2020	690	−3.1%	Cons. · Japanese GAAP
FYE Mar 2021	615	−10.9%	Cons. · Japanese GAAP
FYE Mar 2022	694	+12.8%	Cons. · Japanese GAAP
FYE Mar 2023	768	+10.7%	Cons. · Japanese GAAP
FYE Mar 2024	831	+8.2%	Cons. · Japanese GAAP
FYE Mar 2025	886	+6.6%	Cons. · Japanese GAAP
FYE Mar 2026	931	+5.1%	Cons. · Japanese GAAP

Definition: Everything the company took in from its own business
Formula: Revenue line of the income statement
Source: Securities report (XBRL)

Cost of sales

FYE Mar 2026 ¥779bn

CAGR · 10 yrs +5.0%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	501	n/a	Cons. · Japanese GAAP
FYE Mar 2018	537	+7.2%	Cons. · Japanese GAAP
FYE Mar 2019	573	+6.7%	Cons. · Japanese GAAP
FYE Mar 2020	556	−3.0%	Cons. · Japanese GAAP
FYE Mar 2021	519	−6.8%	Cons. · Japanese GAAP
FYE Mar 2022	583	+12.3%	Cons. · Japanese GAAP
FYE Mar 2023	652	+11.9%	Cons. · Japanese GAAP
FYE Mar 2024	706	+8.2%	Cons. · Japanese GAAP
FYE Mar 2025	747	+5.8%	Cons. · Japanese GAAP
FYE Mar 2026	779	+4.3%	Cons. · Japanese GAAP

Definition: The cost of what was sold
Formula: Cost of sales line of the income statement
Source: Securities report (XBRL)

Gross profit

FYE Mar 2026 ¥152bn

CAGR · 10 yrs +1.4%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	135	n/a	Cons. · Japanese GAAP
FYE Mar 2018	140	+4.0%	Cons. · Japanese GAAP
FYE Mar 2019	139	−0.9%	Cons. · Japanese GAAP
FYE Mar 2020	134	−3.6%	Cons. · Japanese GAAP
FYE Mar 2021	96.4	−27.9%	Cons. · Japanese GAAP
FYE Mar 2022	111	+15.2%	Cons. · Japanese GAAP
FYE Mar 2023	116	+4.5%	Cons. · Japanese GAAP
FYE Mar 2024	126	+8.3%	Cons. · Japanese GAAP
FYE Mar 2025	139	+10.8%	Cons. · Japanese GAAP
FYE Mar 2026	152	+9.3%	Cons. · Japanese GAAP

Definition: What the product or service itself earns
Formula: Revenue − cost of sales
Source: Securities report (XBRL)

SG&A selling, general and administrative expenses

FYE Mar 2026 ¥112bn

CAGR · 10 yrs −0.0%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	112	n/a	Cons. · Japanese GAAP
FYE Mar 2018	117	+4.3%	Cons. · Japanese GAAP
FYE Mar 2019	117	+0.2%	Cons. · Japanese GAAP
FYE Mar 2020	111	−5.2%	Cons. · Japanese GAAP
FYE Mar 2021	78.4	−29.3%	Cons. · Japanese GAAP
FYE Mar 2022	84.0	+7.1%	Cons. · Japanese GAAP
FYE Mar 2023	91.6	+9.0%	Cons. · Japanese GAAP
FYE Mar 2024	96.0	+4.8%	Cons. · Japanese GAAP
FYE Mar 2025	107	+12.0%	Cons. · Japanese GAAP
FYE Mar 2026	112	+4.0%	Cons. · Japanese GAAP

Definition: The cost of selling and of running the company
Formula: SG&A line of the income statement
Source: Securities report (XBRL)

Operating profit

FYE Mar 2026 ¥40bn

CAGR · 10 yrs +6.7%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	22.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.2	+2.6%	Cons. · Japanese GAAP
FYE Mar 2019	21.7	−6.7%	Cons. · Japanese GAAP
FYE Mar 2020	22.8	+5.3%	Cons. · Japanese GAAP
FYE Mar 2021	18.0	−21.2%	Cons. · Japanese GAAP
FYE Mar 2022	27.1	+50.4%	Cons. · Japanese GAAP
FYE Mar 2023	24.5	−9.6%	Cons. · Japanese GAAP
FYE Mar 2024	29.7	+21.1%	Cons. · Japanese GAAP
FYE Mar 2025	31.8	+7.1%	Cons. · Japanese GAAP
FYE Mar 2026	40.4	+27.2%	Cons. · Japanese GAAP

Definition: What the core business earns
Formula: Gross profit − SG&A
Source: Securities report (XBRL)

Non-operating income

FYE Mar 2026 ¥6.6bn

CAGR · 10 yrs +1.1%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	6.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.6	−39.6%	Cons. · Japanese GAAP
FYE Mar 2019	5.6	+54.2%	Cons. · Japanese GAAP
FYE Mar 2020	5.2	−7.2%	Cons. · Japanese GAAP
FYE Mar 2021	6.1	+18.4%	Cons. · Japanese GAAP
FYE Mar 2022	7.2	+17.1%	Cons. · Japanese GAAP
FYE Mar 2023	5.3	−25.8%	Cons. · Japanese GAAP
FYE Mar 2024	5.6	+5.3%	Cons. · Japanese GAAP
FYE Mar 2025	7.3	+30.2%	Cons. · Japanese GAAP
FYE Mar 2026	6.6	−9.8%	Cons. · Japanese GAAP

Definition: Income from outside the core business
Formula: Non-operating income line of the income statement
Source: Securities report (XBRL)

Non-operating expenses

FYE Mar 2026 ¥3.8bn

CAGR · 10 yrs +0.2%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.3	−39.3%	Cons. · Japanese GAAP
FYE Mar 2019	1.9	−16.6%	Cons. · Japanese GAAP
FYE Mar 2020	2.2	+16.0%	Cons. · Japanese GAAP
FYE Mar 2021	1.4	−34.2%	Cons. · Japanese GAAP
FYE Mar 2022	1.9	+29.3%	Cons. · Japanese GAAP
FYE Mar 2023	2.0	+8.7%	Cons. · Japanese GAAP
FYE Mar 2024	3.3	+62.8%	Cons. · Japanese GAAP
FYE Mar 2025	3.8	+14.2%	Cons. · Japanese GAAP
FYE Mar 2026	3.8	+1.3%	Cons. · Japanese GAAP

Definition: Costs arising outside the core business
Formula: Non-operating expenses line of the income statement
Source: Securities report (XBRL)

Ordinary profit keijo rieki

FYE Mar 2026 ¥43bn

CAGR · 10 yrs +6.3%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	24.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	24.6	−1.2%	Cons. · Japanese GAAP
FYE Mar 2019	25.4	+3.2%	Cons. · Japanese GAAP
FYE Mar 2020	25.8	+1.8%	Cons. · Japanese GAAP
FYE Mar 2021	22.7	−12.2%	Cons. · Japanese GAAP
FYE Mar 2022	32.4	+42.8%	Cons. · Japanese GAAP
FYE Mar 2023	27.8	−14.2%	Cons. · Japanese GAAP
FYE Mar 2024	32.0	+15.1%	Cons. · Japanese GAAP
FYE Mar 2025	35.3	+10.4%	Cons. · Japanese GAAP
FYE Mar 2026	43.2	+22.3%	Cons. · Japanese GAAP

Definition: A level of profit that exists only under Japanese GAAP
Formula: Operating profit + non-operating income − non-operating expenses
Source: Securities report (XBRL)

Extraordinary income

FYE Mar 2026 ¥2.1bn

CAGR · 10 yrs +9.3%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.3	+458.6%	Cons. · Japanese GAAP
FYE Mar 2019	1.1	−78.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.3	−75.4%	Cons. · Japanese GAAP
FYE Mar 2021	2.3	+703.9%	Cons. · Japanese GAAP
FYE Mar 2022	2.2	−1.8%	Cons. · Japanese GAAP
FYE Mar 2023	6.7	+202.7%	Cons. · Japanese GAAP
FYE Mar 2024	5.7	−15.3%	Cons. · Japanese GAAP
FYE Mar 2025	2.4	−57.5%	Cons. · Japanese GAAP
FYE Mar 2026	2.1	−12.3%	Cons. · Japanese GAAP

Definition: One-off gains, such as an asset sale
Formula: Extraordinary income line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥28bn

CAGR · 10 yrs +7.6%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	14.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.2	+21.2%	Cons. · Japanese GAAP
FYE Mar 2019	15.4	−10.8%	Cons. · Japanese GAAP
FYE Mar 2020	14.8	−4.0%	Cons. · Japanese GAAP
FYE Mar 2021	14.4	−2.6%	Cons. · Japanese GAAP
FYE Mar 2022	17.3	+20.0%	Cons. · Japanese GAAP
FYE Mar 2023	21.2	+22.9%	Cons. · Japanese GAAP
FYE Mar 2024	23.9	+12.3%	Cons. · Japanese GAAP
FYE Mar 2025	25.4	+6.4%	Cons. · Japanese GAAP
FYE Mar 2026	27.5	+8.4%	Cons. · Japanese GAAP

Definition: What is left after tax
Formula: Pre-tax profit − income taxes
Source: Securities report (XBRL)

Gross margin

FYE Mar 2026 16.3%

Average · 10 yrs 17.5%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	21.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.7	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	19.5	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	19.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	15.7	−3.7pp	Cons. · Japanese GAAP
FYE Mar 2022	16.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	15.1	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	15.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	15.7	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	16.3	+0.6pp	Cons. · Japanese GAAP

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Mar 2026 4.3%

Average · 10 yrs 3.5%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	3.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	3.0	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	3.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	2.9	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	3.9	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	3.2	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	3.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	3.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	4.3	+0.8pp	Cons. · Japanese GAAP

Definition: The share of revenue the core business keeps
Formula: Operating profit ÷ revenue
Source: Securities report (XBRL)

Ordinary margin

FYE Mar 2026 4.6%

Average · 10 yrs 3.9%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	3.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	3.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	3.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	3.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	4.7	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	3.6	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	3.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	4.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	4.6	+0.7pp	Cons. · Japanese GAAP

Definition: The share of revenue left at the ordinary-profit line
Formula: Ordinary profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Mar 2026 3.0%

Average · 10 yrs 2.5%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	2.2	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	2.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	2.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	2.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	2.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	2.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	2.9	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	3.0	+0.1pp	Cons. · Japanese GAAP

Definition: The share of revenue left after everything
Formula: Net profit ÷ revenue
Source: Securities report (XBRL)

Cost-of-sales ratio

FYE Mar 2026 83.7%

Average · 10 yrs 82.5%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	78.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	79.3	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	80.5	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	80.6	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	84.3	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2022	84.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	84.9	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	84.9	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	84.3	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	83.7	−0.6pp	Cons. · Japanese GAAP

Definition: The share of revenue taken by the cost of sales
Formula: Cost of sales ÷ revenue
Source: Securities report (XBRL)

SG&A ratio

FYE Mar 2026 12.0%

Average · 10 yrs 14.0%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	17.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.2	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	16.4	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	16.1	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	12.8	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2022	12.1	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	11.9	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	11.5	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	12.1	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	12.0	−0.1pp	Cons. · Japanese GAAP

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio Debt-to-equity

Total assets

FYE Mar 2026 ¥750bn

CAGR · 10 yrs +5.8%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	452	n/a	Cons. · Japanese GAAP
FYE Mar 2018	482	+6.7%	Cons. · Japanese GAAP
FYE Mar 2019	478	−0.9%	Cons. · Japanese GAAP
FYE Mar 2020	492	+2.8%	Cons. · Japanese GAAP
FYE Mar 2021	475	−3.3%	Cons. · Japanese GAAP
FYE Mar 2022	506	+6.4%	Cons. · Japanese GAAP
FYE Mar 2023	549	+8.6%	Cons. · Japanese GAAP
FYE Mar 2024	606	+10.4%	Cons. · Japanese GAAP
FYE Mar 2025	635	+4.7%	Cons. · Japanese GAAP
FYE Mar 2026	750	+18.1%	Cons. · Japanese GAAP

Definition: Everything the company holds
Formula: Total assets line of the balance sheet
Source: Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Mar 2026 ¥300bn

CAGR · 10 yrs +10.6%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	121	n/a	Cons. · Japanese GAAP
FYE Mar 2018	138	+13.8%	Cons. · Japanese GAAP
FYE Mar 2019	146	+6.3%	Cons. · Japanese GAAP
FYE Mar 2020	153	+4.7%	Cons. · Japanese GAAP
FYE Mar 2021	169	+10.6%	Cons. · Japanese GAAP
FYE Mar 2022	190	+12.0%	Cons. · Japanese GAAP
FYE Mar 2023	217	+14.2%	Cons. · Japanese GAAP
FYE Mar 2024	249	+14.9%	Cons. · Japanese GAAP
FYE Mar 2025	277	+11.2%	Cons. · Japanese GAAP
FYE Mar 2026	300	+8.3%	Cons. · Japanese GAAP

Definition: The part of the funding that never has to be repaid
Formula: Net assets line of the balance sheet
Source: Securities report (XBRL)

Interest-bearing debt

FYE Mar 2026 ¥249bn

CAGR · 10 yrs +2.0%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	208	n/a	Cons. · Japanese GAAP
FYE Mar 2018	204	−1.9%	Cons. · Japanese GAAP
FYE Mar 2019	191	−6.3%	Cons. · Japanese GAAP
FYE Mar 2020	221	+15.8%	Cons. · Japanese GAAP
FYE Mar 2021	181	−18.3%	Cons. · Japanese GAAP
FYE Mar 2022	178	−1.5%	Cons. · Japanese GAAP
FYE Mar 2023	206	+15.4%	Cons. · Japanese GAAP
FYE Mar 2024	206	+0.4%	Cons. · Japanese GAAP
FYE Mar 2025	210	+1.7%	Cons. · Japanese GAAP
FYE Mar 2026	249	+18.6%	Cons. · Japanese GAAP

Definition: Borrowings the company pays interest on
Formula: Loans + bonds + lease obligations
Source: Securities report (XBRL)

Short-term borrowings

FYE Mar 2026 ¥128bn

CAGR · 10 yrs −0.9%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	138	n/a	Cons. · Japanese GAAP
FYE Mar 2018	115	−16.9%	Cons. · Japanese GAAP
FYE Mar 2019	104	−9.5%	Cons. · Japanese GAAP
FYE Mar 2020	121	+16.1%	Cons. · Japanese GAAP
FYE Mar 2021	68.6	−43.3%	Cons. · Japanese GAAP
FYE Mar 2022	83.2	+21.3%	Cons. · Japanese GAAP
FYE Mar 2023	101	+20.9%	Cons. · Japanese GAAP
FYE Mar 2024	96.7	−3.9%	Cons. · Japanese GAAP
FYE Mar 2025	114	+18.0%	Cons. · Japanese GAAP
FYE Mar 2026	128	+12.2%	Cons. · Japanese GAAP

Definition: Borrowings repayable within a year
Formula: Short-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Long-term borrowings

FYE Mar 2026 ¥121bn

CAGR · 10 yrs +6.4%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	69.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	88.8	+28.1%	Cons. · Japanese GAAP
FYE Mar 2019	87.0	−2.1%	Cons. · Japanese GAAP
FYE Mar 2020	100	+15.4%	Cons. · Japanese GAAP
FYE Mar 2021	112	+11.8%	Cons. · Japanese GAAP
FYE Mar 2022	94.9	−15.4%	Cons. · Japanese GAAP
FYE Mar 2023	105	+10.5%	Cons. · Japanese GAAP
FYE Mar 2024	110	+4.6%	Cons. · Japanese GAAP
FYE Mar 2025	95.8	−12.7%	Cons. · Japanese GAAP
FYE Mar 2026	121	+26.2%	Cons. · Japanese GAAP

Definition: Borrowings repayable in more than a year
Formula: Long-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Bonds

FYE Mar 2026 n/a

Average · 9 yrs ¥0.0m

Fiscal year	Bonds ¥ m	YoY	Basis
FYE Mar 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

Definition: Bonds outstanding
Formula: Bonds line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥38bn

CAGR · 10 yrs +13.9%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	11.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.5	−1.7%	Cons. · Japanese GAAP
FYE Mar 2019	10.7	−7.2%	Cons. · Japanese GAAP
FYE Mar 2020	10.4	−3.2%	Cons. · Japanese GAAP
FYE Mar 2021	9.8	−5.5%	Cons. · Japanese GAAP
FYE Mar 2022	11.3	+15.3%	Cons. · Japanese GAAP
FYE Mar 2023	14.1	+24.8%	Cons. · Japanese GAAP
FYE Mar 2024	17.4	+23.3%	Cons. · Japanese GAAP
FYE Mar 2025	17.1	−1.8%	Cons. · Japanese GAAP
FYE Mar 2026	38.0	+122.8%	Cons. · Japanese GAAP

Definition: Assets with no physical form
Formula: Intangible assets line of the balance sheet
Source: Securities report (XBRL)

Goodwill

FYE Mar 2026 ¥4.1bn

CAGR · 10 yrs +18.6%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.5	−38.6%	Cons. · Japanese GAAP
FYE Mar 2019	0.3	−48.4%	Cons. · Japanese GAAP
FYE Mar 2020	0.7	+142.4%	Cons. · Japanese GAAP
FYE Mar 2021	0.5	−32.4%	Cons. · Japanese GAAP
FYE Mar 2022	0.7	+45.4%	Cons. · Japanese GAAP
FYE Mar 2023	1.4	+116.4%	Cons. · Japanese GAAP
FYE Mar 2024	2.6	+80.0%	Cons. · Japanese GAAP
FYE Mar 2025	2.1	−17.2%	Cons. · Japanese GAAP
FYE Mar 2026	4.1	+91.1%	Cons. · Japanese GAAP

Definition: What an acquisition cost above the net assets it brought
Formula: Goodwill line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Mar 2026 40.0%

Average · 10 yrs 35.5%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	26.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	28.6	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2019	30.6	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	31.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	35.6	+4.5pp	Cons. · Japanese GAAP
FYE Mar 2022	37.5	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2023	39.5	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2024	41.1	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2025	43.6	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2026	40.0	−3.6pp	Cons. · Japanese GAAP

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

Debt-to-equity ratio D/E ratio

FYE Mar 2026 82.9%

Average · 10 yrs 113.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	171.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	148.0	−23.7pp	Cons. · Japanese GAAP
FYE Mar 2019	130.6	−17.5pp	Cons. · Japanese GAAP
FYE Mar 2020	144.5	+13.9pp	Cons. · Japanese GAAP
FYE Mar 2021	106.7	−37.7pp	Cons. · Japanese GAAP
FYE Mar 2022	93.9	−12.9pp	Cons. · Japanese GAAP
FYE Mar 2023	94.8	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	82.8	−12.0pp	Cons. · Japanese GAAP
FYE Mar 2025	75.8	−7.1pp	Cons. · Japanese GAAP
FYE Mar 2026	82.9	+7.2pp	Cons. · Japanese GAAP

Definition: Borrowings measured against the company's own capital
Formula: Interest-bearing debt ÷ equity
Source: Securities report (XBRL)

ROE return on equity

FYE Mar 2026 9.2%

Average · 10 yrs 10.0%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	11.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.5	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	10.5	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2020	9.6	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	8.5	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	9.1	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	9.8	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	9.6	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	9.2	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	9.2	−0.0pp	Cons. · Japanese GAAP

Definition: What the shareholders' capital earns
Formula: Net profit ÷ equity
Source: Securities report (XBRL)

ROA return on assets

FYE Mar 2026 3.7%

Average · 10 yrs 3.5%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	3.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	3.2	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	3.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	3.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	3.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	3.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	3.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	4.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	3.7	−0.3pp	Cons. · Japanese GAAP

Definition: What the whole balance sheet earns
Formula: Net profit ÷ total assets
Source: Securities report (XBRL)

Asset turnover

FYE Mar 2026 1.24×

CAGR · 10 yrs −1.4%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.41	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.40	−0.2%	Cons. · Japanese GAAP
FYE Mar 2019	1.49	+6.1%	Cons. · Japanese GAAP
FYE Mar 2020	1.40	−5.8%	Cons. · Japanese GAAP
FYE Mar 2021	1.29	−7.9%	Cons. · Japanese GAAP
FYE Mar 2022	1.37	+6.0%	Cons. · Japanese GAAP
FYE Mar 2023	1.40	+2.0%	Cons. · Japanese GAAP
FYE Mar 2024	1.37	−2.0%	Cons. · Japanese GAAP
FYE Mar 2025	1.40	+1.8%	Cons. · Japanese GAAP
FYE Mar 2026	1.24	−11.0%	Cons. · Japanese GAAP

Definition: How much revenue each yen of assets produces
Formula: Revenue ÷ total assets
Source: Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Mar 2026 ¥53bn

CAGR · 10 yrs +6.5%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	30.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	28.3	−6.1%	Cons. · Japanese GAAP
FYE Mar 2019	24.7	−12.8%	Cons. · Japanese GAAP
FYE Mar 2020	18.8	−23.9%	Cons. · Japanese GAAP
FYE Mar 2021	45.9	+144.4%	Cons. · Japanese GAAP
FYE Mar 2022	29.1	−36.6%	Cons. · Japanese GAAP
FYE Mar 2023	3.4	−88.3%	Cons. · Japanese GAAP
FYE Mar 2024	54.5	+1504.4%	Cons. · Japanese GAAP
FYE Mar 2025	40.4	−25.9%	Cons. · Japanese GAAP
FYE Mar 2026	53.2	+31.9%	Cons. · Japanese GAAP

Definition: Cash the business itself generated
Formula: Cash flow from operating activities
Source: Securities report (XBRL)

Investing cash flow

FYE Mar 2026 -¥61bn

Average · 10 yrs -¥26bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-7.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-21.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-16.8	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-29.4	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-18.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-17.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-22.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-37.7	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-30.4	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-61.4	n/a	Cons. · Japanese GAAP

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Mar 2026 ¥13bn

Average · 10 yrs -¥5.9bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-11.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-8.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-16.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	25.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-44.8	−272.6%	Cons. · Japanese GAAP
FYE Mar 2022	-11.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	17.4	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-12.4	−171.2%	Cons. · Japanese GAAP
FYE Mar 2025	-11.5	n/a	Cons. · Japanese GAAP
FYE Mar 2026	13.1	n/a	Cons. · Japanese GAAP

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Mar 2026 ¥24bn

CAGR · 10 yrs −0.4%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	25.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	24.3	−3.4%	Cons. · Japanese GAAP
FYE Mar 2019	16.2	−33.5%	Cons. · Japanese GAAP
FYE Mar 2020	31.6	+95.8%	Cons. · Japanese GAAP
FYE Mar 2021	14.8	−53.4%	Cons. · Japanese GAAP
FYE Mar 2022	15.7	+6.3%	Cons. · Japanese GAAP
FYE Mar 2023	14.2	−9.2%	Cons. · Japanese GAAP
FYE Mar 2024	19.5	+37.1%	Cons. · Japanese GAAP
FYE Mar 2025	18.7	−4.3%	Cons. · Japanese GAAP
FYE Mar 2026	24.3	+29.8%	Cons. · Japanese GAAP

Definition: Cash on hand at the year end
Formula: Closing balance in the cash flow statement
Source: Securities report (XBRL)

Free cash flow

FYE Mar 2026 -¥8.2bn

Average · 10 yrs ¥6.6bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	22.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.8	−70.2%	Cons. · Japanese GAAP
FYE Mar 2019	7.9	+16.3%	Cons. · Japanese GAAP
FYE Mar 2020	-10.7	−235.1%	Cons. · Japanese GAAP
FYE Mar 2021	27.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	11.9	−57.5%	Cons. · Japanese GAAP
FYE Mar 2023	-19.2	−261.7%	Cons. · Japanese GAAP
FYE Mar 2024	16.8	n/a	Cons. · Japanese GAAP
FYE Mar 2025	10.0	−40.4%	Cons. · Japanese GAAP
FYE Mar 2026	-8.2	−181.7%	Cons. · Japanese GAAP

Definition: What is left once the business has paid for its own investment
Formula: Operating cash flow + investing cash flow
Source: Securities report (XBRL)

Operating cash flow margin

FYE Mar 2026 5.7%

Average · 10 yrs 4.4%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	4.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.2	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	3.5	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	2.7	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	7.5	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2022	4.2	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2023	0.4	−3.8pp	Cons. · Japanese GAAP
FYE Mar 2024	6.6	+6.1pp	Cons. · Japanese GAAP
FYE Mar 2025	4.6	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2026	5.7	+1.2pp	Cons. · Japanese GAAP

Definition: How much of the revenue turned into cash
Formula: Operating cash flow ÷ revenue
Source: Securities report (XBRL)

Net cash

FYE Mar 2026 -¥225bn

Average · 10 yrs -¥185bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-183	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-180	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-175	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-190	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-166	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-162	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-191	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-187	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-191	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-225	n/a	Cons. · Japanese GAAP

Definition: Cash on hand once the borrowings are paid off
Formula: Cash and equivalents − interest-bearing debt
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Mar 2026 ¥420bn

Change · 10 yrs +¥246bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	173	n/a
FYE Mar 2018	173	n/a
FYE Mar 2019	264	n/a
FYE Mar 2020	149	n/a
FYE Mar 2021	165	n/a
FYE Mar 2022	171	n/a
FYE Mar 2023	170	n/a
FYE Mar 2024	300	n/a
FYE Mar 2025	282	n/a
FYE Mar 2026	420	n/a

Definition: What the market says the company is worth
Formula: Year-end share price × shares outstanding
Source: Securities report (XBRL)

Share price year-end close

FYE Mar 2026 1,344¥

Change · 10 yrs +788¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	555	n/a
FYE Mar 2018	552	n/a
FYE Mar 2019	845	n/a
FYE Mar 2020	478	n/a
FYE Mar 2021	530	n/a
FYE Mar 2022	548	n/a
FYE Mar 2023	543	n/a
FYE Mar 2024	960	n/a
FYE Mar 2025	902	n/a
FYE Mar 2026	1,344	n/a

Definition: The closing price on the last day of the fiscal year
Formula: Year-end closing price
Source: Securities report (XBRL)

Shares outstanding

FYE Mar 2026 312,430,277shares

Change · 10 yrs −0 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	312,430,277	Parent
FYE Mar 2018	312,430,277	Parent
FYE Mar 2019	312,430,277	Parent
FYE Mar 2020	312,430,277	Parent
FYE Mar 2021	312,430,277	Parent
FYE Mar 2022	312,430,277	Parent
FYE Mar 2023	312,430,277	Parent
FYE Mar 2024	312,430,277	Parent
FYE Mar 2025	312,430,277	Parent
FYE Mar 2026	312,430,277	Parent

Definition: How many shares exist
Formula: Shares issued, from the key figures of the filing
Source: Securities report (XBRL)

EPS earnings per share

FYE Mar 2026 90.17¥

Change · 10 yrs +42.15¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	48.02	Cons.
FYE Mar 2018	55.33	Cons.
FYE Mar 2019	49.41	Cons.
FYE Mar 2020	47.47	Cons.
FYE Mar 2021	46.25	Cons.
FYE Mar 2022	55.51	Cons.
FYE Mar 2023	68.22	Cons.
FYE Mar 2024	76.67	Cons.
FYE Mar 2025	81.66	Cons.
FYE Mar 2026	90.17	Cons.

Definition: Net profit for each share
Formula: Net profit ÷ average shares outstanding
Source: Securities report (XBRL)

BPS book value per share

FYE Mar 2026 960.60¥

Change · 10 yrs +573.40¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	387.20	Cons. · Japanese GAAP
FYE Mar 2018	440.78	Cons. · Japanese GAAP
FYE Mar 2019	468.35	Cons. · Japanese GAAP
FYE Mar 2020	490.20	Cons. · Japanese GAAP
FYE Mar 2021	542.29	Cons. · Japanese GAAP
FYE Mar 2022	607.49	Cons. · Japanese GAAP
FYE Mar 2023	694.05	Cons. · Japanese GAAP
FYE Mar 2024	797.60	Cons. · Japanese GAAP
FYE Mar 2025	886.72	Cons. · Japanese GAAP
FYE Mar 2026	960.60	Cons. · Japanese GAAP

Definition: Equity behind each share
Formula: Equity ÷ shares outstanding
Source: Securities report (XBRL)

PER price-to-earnings ratio

FYE Mar 2026 14.90×

Average · 10 yrs 11.65×

Fiscal year	PER ×	Basis
FYE Mar 2017	11.56	Cons.
FYE Mar 2018	9.98	Cons.
FYE Mar 2019	17.10	Cons.
FYE Mar 2020	10.07	Cons.
FYE Mar 2021	11.45	Cons.
FYE Mar 2022	9.87	Cons.
FYE Mar 2023	7.96	Cons.
FYE Mar 2024	12.52	Cons.
FYE Mar 2025	11.05	Cons.
FYE Mar 2026	14.90	Cons.

Definition: How many years of earnings the price stands for
Formula: Year-end price ÷ EPS
Source: Securities report (XBRL)

PBR price-to-book ratio

FYE Mar 2026 1.36×

Average · 10 yrs 1.17×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.43	Cons.
FYE Mar 2018	1.25	Cons.
FYE Mar 2019	1.80	Cons.
FYE Mar 2020	0.97	Cons.
FYE Mar 2021	0.97	Cons.
FYE Mar 2022	0.90	Cons.
FYE Mar 2023	0.78	Cons.
FYE Mar 2024	1.20	Cons.
FYE Mar 2025	1.01	Cons.
FYE Mar 2026	1.36	Cons.

Definition: The price measured against the book value behind it
Formula: Year-end price ÷ BPS
Source: Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Group employees

FYE Mar 2026 11,526people

Change · 10 yrs +2,804 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	8,722	n/a	Cons.
FYE Mar 2018	9,003	+3.2%	Cons.
FYE Mar 2019	9,065	+0.7%	Cons.
FYE Mar 2020	9,247	+2.0%	Cons.
FYE Mar 2021	9,431	+2.0%	Cons.
FYE Mar 2022	9,662	+2.4%	Cons.
FYE Mar 2023	9,515	−1.5%	Cons.
FYE Mar 2024	10,104	+6.2%	Cons.
FYE Mar 2025	10,332	+2.3%	Cons.
FYE Mar 2026	11,526	+11.6%	Cons.

Definition: Everyone employed across the group
Formula: Consolidated headcount, from the employee section of the filing
Source: Securities report (XBRL)

Parent-company employees

FYE Mar 2026 1,489people

Change · 10 yrs +347 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	1,142	n/a	Parent
FYE Mar 2018	1,158	+1.4%	Parent
FYE Mar 2019	1,203	+3.9%	Parent
FYE Mar 2020	1,233	+2.5%	Parent
FYE Mar 2021	1,247	+1.1%	Parent
FYE Mar 2022	1,275	+2.2%	Parent
FYE Mar 2023	1,485	+16.5%	Parent
FYE Mar 2024	1,504	+1.3%	Parent
FYE Mar 2025	1,505	+0.1%	Parent
FYE Mar 2026	1,489	−1.1%	Parent

Definition: Employees of the filing company itself
Formula: Parent-only headcount, from the employee section of the filing
Source: Securities report (XBRL)

Average annual pay parent company

FYE Mar 2026 851万円

Change · 10 yrs +43万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	807	n/a	Parent
FYE Mar 2018	833	+3.2%	Parent
FYE Mar 2019	802	−3.8%	Parent
FYE Mar 2020	799	−0.3%	Parent
FYE Mar 2021	801	+0.1%	Parent
FYE Mar 2022	802	+0.2%	Parent
FYE Mar 2023	799	−0.4%	Parent
FYE Mar 2024	766	−4.1%	Parent
FYE Mar 2025	836	+9.1%	Parent
FYE Mar 2026	851	+1.8%	Parent

Definition: Average total annual compensation, bonuses included
Formula: Average annual pay, from the employee section of the filing
Source: Securities report (XBRL)

Average age

FYE Mar 2026 42.8years

Change · 8 yrs +0.3 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	42.5	n/a	Parent
FYE Mar 2020	42.6	+0.3%	Parent
FYE Mar 2021	42.7	+0.2%	Parent
FYE Mar 2022	42.7	−0.0%	Parent
FYE Mar 2023	43.0	+0.8%	Parent
FYE Mar 2024	43.1	+0.2%	Parent
FYE Mar 2025	43.1	−0.1%	Parent
FYE Mar 2026	42.8	−0.6%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Mar 2026 15.8years

Change · 10 yrs −0.9 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	16.8	n/a	Parent
FYE Mar 2018	16.6	−0.8%	Parent
FYE Mar 2019	16.5	−0.4%	Parent
FYE Mar 2020	16.7	+1.0%	Parent
FYE Mar 2021	16.9	+1.0%	Parent
FYE Mar 2022	16.9	+0.4%	Parent
FYE Mar 2023	16.3	−3.8%	Parent
FYE Mar 2024	16.4	+0.6%	Parent
FYE Mar 2025	16.4	−0.2%	Parent
FYE Mar 2026	15.8	−3.4%	Parent

Definition: How long the average employee has been with the company
Formula: Average years of service, from the employee section of the filing
Source: Securities report (XBRL)

Temporary employees

FYE Mar 2026 9,284people

Change · 10 yrs −345 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	9,629	n/a	n/a
FYE Mar 2018	9,292	−3.5%	n/a
FYE Mar 2019	9,532	+2.6%	n/a
FYE Mar 2020	9,396	−1.4%	n/a
FYE Mar 2021	8,437	−10.2%	n/a
FYE Mar 2022	7,957	−5.7%	n/a
FYE Mar 2023	8,281	+4.1%	n/a
FYE Mar 2024	8,992	+8.6%	n/a
FYE Mar 2025	8,988	−0.0%	n/a
FYE Mar 2026	9,284	+3.3%	n/a

Definition: Average number of temporary and part-time staff over the year
Formula: Average temporary headcount, from the employee section of the filing
Source: Securities report (XBRL)

Revenue per employee

FYE Mar 2026 ¥80.8m

Change · 10 yrs +¥7.9m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	72.9	n/a	Cons.
FYE Mar 2018	75.2	+3.2%	Cons.
FYE Mar 2019	78.6	+4.4%	Cons.
FYE Mar 2020	74.6	−5.0%	Cons.
FYE Mar 2021	65.2	−12.6%	Cons.
FYE Mar 2022	71.8	+10.1%	Cons.
FYE Mar 2023	80.7	+12.5%	Cons.
FYE Mar 2024	82.3	+1.9%	Cons.
FYE Mar 2025	85.8	+4.2%	Cons.
FYE Mar 2026	80.8	−5.8%	Cons.

Definition: What each employee accounts for in revenue
Formula: Revenue ÷ group employees
Source: Securities report (XBRL)

Operating profit per employee

FYE Mar 2026 ¥3.5m

Change · 10 yrs +¥0.9m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.6	n/a	Cons.
FYE Mar 2018	2.6	−0.6%	Cons.
FYE Mar 2019	2.4	−7.3%	Cons.
FYE Mar 2020	2.5	+3.2%	Cons.
FYE Mar 2021	1.9	−22.7%	Cons.
FYE Mar 2022	2.8	+46.8%	Cons.
FYE Mar 2023	2.6	−8.2%	Cons.
FYE Mar 2024	2.9	+14.1%	Cons.
FYE Mar 2025	3.1	+4.8%	Cons.
FYE Mar 2026	3.5	+14.0%	Cons.

Definition: What each employee accounts for in operating profit
Formula: Operating profit ÷ group employees
Source: Securities report (XBRL)

Disclaimer

Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.

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