Financials

INPEX: FYE Dec 2025 and ten years of results (50 metrics)

FYE Dec 2025 · Revenue¥2.01tnYoY −11.2%

FYE Dec 2025 · Operating profit¥1.14tnYoY −10.7%

FYE Dec 2025 · Net profit¥394bnYoY −7.8%

FYE Dec 2025 · Equity ratio57.8%YoY −3.2pp

FYE Dec 2025 · Group employees3,720YoY +41

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥874bn	n/a	¥336bn	n/a	38.5%	¥46bn	Kitamura Toshiaki	—
FYE Mar 2018Consolidated	¥934bn	+6.8%	¥357bn	+6.2%	38.3%	¥40bn	Kitamura Toshiaki	—
FYE Mar 2019Consolidated	¥971bn	+4.0%	¥474bn	+32.7%	48.8%	¥96bn	Kitamura Toshiaki	Ichthys LNG begins production
FYE Dec 2019Consolidated	¥1.00tn	+2.9%	¥499bn	+5.1%	49.9%	¥124bn	Ueda Takayuki	—
FYE Dec 2020Consolidated	¥771bn	−22.9%	¥248bn	−50.2%	32.2%	-¥112bn	Ueda Takayuki	First net loss since the merger — <span class="en-history_money" data-yen="111700000000" data-year="2020">$1.0B (¥112bn)</span>
FYE Jan 2022Consolidated	¥1.24tn	+61.4%	¥591bn	+137.7%	47.5%	¥223bn	Ueda Takayuki	Renamed INPEX Corporation
FYE Dec 2022Consolidated	¥2.32tn	+86.1%	¥1.50tn	+154.6%	64.9%	¥461bn	Ueda Takayuki	INPEX Vision @2022 — net zero by 2050
FYE Dec 2023Consolidated	¥2.17tn	−6.5%	¥1.11tn	−25.9%	51.4%	¥372bn	Ueda Takayuki	Shell exits Abadi; INPEX holds 65%
FYE Dec 2024Consolidated	¥2.27tn	+4.6%	¥1.27tn	+14.1%	56.1%	¥427bn	Ueda Takayuki	—
FYE Dec 2025Consolidated	¥2.01tn	−11.2%	¥1.14tn	−10.7%	56.5%	¥394bn	Ueda Takayuki	INPEX Vision 2035; progressive dividend adopted

How it compares

ENEOS Holdings¥11.8tnFY2025Operating margin 4.0%Idemitsu Kosan¥8.11tnFY2025Operating margin 2.6%

Nippon Oil CorporationDelisted 2010

Japan Energy CorporationDelisted 2002

Cosmo Energy Holdings¥2.68tnFY2025Operating margin 5.4%

TonenGeneral Sekiyu K.K.Delisted 2017

INPEX¥2.01tnFY2025Operating margin 56.5%

Mitsubishi Oil Co., Ltd.Delisted 1999

Japan Petroleum Exploration (JAPEX)¥340bnFY2025Operating margin 11.4%

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

Where the revenue goes

¥ bn

Cost of sales SG&A Other operating costs Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Dec 2025 ¥2.01tn

CAGR · 10 yrs +9.7%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	874	n/a	Cons. · Japanese GAAP
FYE Mar 2018	934	+6.8%	Cons. · Japanese GAAP
FYE Mar 2019	971	+4.0%	Cons. · Japanese GAAP
FYE Dec 2019	1,000	+2.9%	Cons. · Japanese GAAP
FYE Dec 2020	771	−22.9%	Cons. · Japanese GAAP
FYE Jan 2022	1,244	+61.4%	Cons. · Japanese GAAP
FYE Dec 2022	2,316	+86.1%	Cons. · Japanese GAAP
FYE Dec 2023	2,166	moved to IFRS	Cons. · IFRS
FYE Dec 2024	2,266	+4.6%	Cons. · IFRS
FYE Dec 2025	2,011	−11.2%	Cons. · IFRS

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 Dec 2025 ¥865bn

CAGR · 10 yrs +7.4%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	454	n/a	Cons. · Japanese GAAP
FYE Mar 2018	498	+9.7%	Cons. · Japanese GAAP
FYE Mar 2019	413	−17.0%	Cons. · Japanese GAAP
FYE Dec 2019	425	+2.8%	Cons. · Japanese GAAP
FYE Dec 2020	440	+3.6%	Cons. · Japanese GAAP
FYE Jan 2022	569	+29.3%	Cons. · Japanese GAAP
FYE Dec 2022	818	+43.8%	Cons. · Japanese GAAP
FYE Dec 2023	848	moved to IFRS	Cons. · IFRS
FYE Dec 2024	915	+7.9%	Cons. · IFRS
FYE Dec 2025	865	−5.5%	Cons. · IFRS

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

Gross profit

FYE Dec 2025 ¥1.15tn

CAGR · 10 yrs +11.8%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	421	n/a	Cons. · Japanese GAAP
FYE Mar 2018	436	+3.6%	Cons. · Japanese GAAP
FYE Mar 2019	558	+28.1%	Cons. · Japanese GAAP
FYE Dec 2019	575	+3.1%	Cons. · Japanese GAAP
FYE Dec 2020	331	−42.4%	Cons. · Japanese GAAP
FYE Jan 2022	675	+103.9%	Cons. · Japanese GAAP
FYE Dec 2022	1,498	+121.8%	Cons. · Japanese GAAP
FYE Dec 2023	1,316	moved to IFRS	Cons. · IFRS
FYE Dec 2024	1,351	+2.6%	Cons. · IFRS
FYE Dec 2025	1,147	−15.1%	Cons. · IFRS

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 Dec 2025 ¥118bn

CAGR · 10 yrs +4.8%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	77.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	77.0	−0.5%	Cons. · Japanese GAAP
FYE Mar 2019	72.1	−6.3%	Cons. · Japanese GAAP
FYE Dec 2019	61.2	−15.1%	Cons. · Japanese GAAP
FYE Dec 2020	73.6	+20.3%	Cons. · Japanese GAAP
FYE Jan 2022	84.8	+15.1%	Cons. · Japanese GAAP
FYE Dec 2022	92.0	+8.5%	Cons. · Japanese GAAP
FYE Dec 2023	95.7	moved to IFRS	Cons. · IFRS
FYE Dec 2024	135	+40.5%	Cons. · IFRS
FYE Dec 2025	118	−12.3%	Cons. · IFRS

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 Dec 2025 ¥1.14tn

CAGR · 10 yrs +14.5%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	336	n/a	Cons. · Japanese GAAP
FYE Mar 2018	357	+6.2%	Cons. · Japanese GAAP
FYE Mar 2019	474	+32.7%	Cons. · Japanese GAAP
FYE Dec 2019	499	+5.1%	Cons. · Japanese GAAP
FYE Dec 2020	248	−50.2%	Cons. · Japanese GAAP
FYE Jan 2022	591	+137.7%	Cons. · Japanese GAAP
FYE Dec 2022	1,504	+154.6%	Cons. · Japanese GAAP
FYE Dec 2023	1,114	moved to IFRS	Cons. · IFRS
FYE Dec 2024	1,272	+14.1%	Cons. · IFRS
FYE Dec 2025	1,135	−10.7%	Cons. · IFRS

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

Non-operating income

FYE Dec 2025 ¥120bn

CAGR · 10 yrs +13.3%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	39.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	55.3	+41.4%	Cons. · Japanese GAAP
FYE Mar 2019	70.9	+28.3%	Cons. · Japanese GAAP
FYE Dec 2019	44.8	−36.9%	Cons. · Japanese GAAP
FYE Dec 2020	63.8	+42.5%	Cons. · Japanese GAAP
FYE Jan 2022	112	+75.9%	Cons. · Japanese GAAP
FYE Dec 2022	73.8	−34.2%	Cons. · Japanese GAAP
FYE Dec 2023	217	moved to IFRS	Cons. · IFRS
FYE Dec 2024	149	−31.2%	Cons. · IFRS
FYE Dec 2025	120	−19.6%	Cons. · IFRS

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

Non-operating expenses

FYE Dec 2025 ¥82bn

CAGR · 10 yrs +7.8%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	41.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.4	−39.1%	Cons. · Japanese GAAP
FYE Mar 2019	25.9	+2.2%	Cons. · Japanese GAAP
FYE Dec 2019	32.3	+24.7%	Cons. · Japanese GAAP
FYE Dec 2020	54.9	+70.0%	Cons. · Japanese GAAP
FYE Jan 2022	45.3	−17.6%	Cons. · Japanese GAAP
FYE Dec 2022	132	+191.8%	Cons. · Japanese GAAP
FYE Dec 2023	78.1	moved to IFRS	Cons. · IFRS
FYE Dec 2024	122	+56.8%	Cons. · IFRS
FYE Dec 2025	82.2	−32.9%	Cons. · IFRS

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 Dec 2025 n/a

CAGR · 7 yrs +27.6%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	334	n/a	Cons. · Japanese GAAP
FYE Mar 2018	387	+16.0%	Cons. · Japanese GAAP
FYE Mar 2019	519	+34.1%	Cons. · Japanese GAAP
FYE Dec 2019	511	−1.6%	Cons. · Japanese GAAP
FYE Dec 2020	257	−49.6%	Cons. · Japanese GAAP
FYE Jan 2022	658	+155.6%	Cons. · Japanese GAAP
FYE Dec 2022	1,438	+118.7%	Cons. · Japanese GAAP
FYE Dec 2023	n/a	moved to IFRS	Cons. · IFRS
FYE Dec 2024	n/a	n/a	Cons. · IFRS
FYE Dec 2025	n/a	n/a	Cons. · IFRS

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

Net profit profit attributable to owners of the parent

FYE Dec 2025 ¥394bn

CAGR · 10 yrs +26.9%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	46.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	40.4	−12.6%	Cons. · Japanese GAAP
FYE Mar 2019	96.1	+138.1%	Cons. · Japanese GAAP
FYE Dec 2019	124	+28.6%	Cons. · Japanese GAAP
FYE Dec 2020	-112	−190.4%	Cons. · Japanese GAAP
FYE Jan 2022	223	n/a	Cons. · Japanese GAAP
FYE Dec 2022	461	+106.7%	Cons. · Japanese GAAP
FYE Dec 2023	372	moved to IFRS	Cons. · IFRS
FYE Dec 2024	427	+15.0%	Cons. · IFRS
FYE Dec 2025	394	−7.8%	Cons. · IFRS

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

Gross margin

FYE Dec 2025 57.0%

Average · 10 yrs 54.9%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	48.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	46.7	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	57.5	+10.8pp	Cons. · Japanese GAAP
FYE Dec 2019	57.5	+0.1pp	Cons. · Japanese GAAP
FYE Dec 2020	43.0	−14.6pp	Cons. · Japanese GAAP
FYE Jan 2022	54.3	+11.3pp	Cons. · Japanese GAAP
FYE Dec 2022	64.7	+10.4pp	Cons. · Japanese GAAP
FYE Dec 2023	60.8	moved to IFRS	Cons. · IFRS
FYE Dec 2024	59.6	−1.2pp	Cons. · IFRS
FYE Dec 2025	57.0	−2.6pp	Cons. · IFRS

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

Operating margin

FYE Dec 2025 56.5%

Average · 10 yrs 48.4%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	38.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	38.3	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	48.8	+10.6pp	Cons. · Japanese GAAP
FYE Dec 2019	49.9	+1.0pp	Cons. · Japanese GAAP
FYE Dec 2020	32.2	−17.6pp	Cons. · Japanese GAAP
FYE Jan 2022	47.5	+15.2pp	Cons. · Japanese GAAP
FYE Dec 2022	64.9	+17.5pp	Cons. · Japanese GAAP
FYE Dec 2023	51.4	moved to IFRS	Cons. · IFRS
FYE Dec 2024	56.1	+4.7pp	Cons. · IFRS
FYE Dec 2025	56.5	+0.3pp	Cons. · IFRS

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

Ordinary margin

FYE Dec 2025 n/a

Average · 7 yrs 47.5%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	38.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	41.5	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2019	53.5	+12.0pp	Cons. · Japanese GAAP
FYE Dec 2019	51.1	−2.3pp	Cons. · Japanese GAAP
FYE Dec 2020	33.4	−17.7pp	Cons. · Japanese GAAP
FYE Jan 2022	52.8	+19.5pp	Cons. · Japanese GAAP
FYE Dec 2022	62.1	+9.2pp	Cons. · Japanese GAAP
FYE Dec 2023	n/a	moved to IFRS	Cons. · IFRS
FYE Dec 2024	n/a	n/a	Cons. · IFRS
FYE Dec 2025	n/a	n/a	Cons. · IFRS

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

Net margin

FYE Dec 2025 19.6%

Average · 10 yrs 11.1%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	5.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.3	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	9.9	+5.6pp	Cons. · Japanese GAAP
FYE Dec 2019	12.4	+2.5pp	Cons. · Japanese GAAP
FYE Dec 2020	-14.5	−26.8pp	Cons. · Japanese GAAP
FYE Jan 2022	17.9	+32.4pp	Cons. · Japanese GAAP
FYE Dec 2022	19.9	+2.0pp	Cons. · Japanese GAAP
FYE Dec 2023	17.2	moved to IFRS	Cons. · IFRS
FYE Dec 2024	18.9	+1.7pp	Cons. · IFRS
FYE Dec 2025	19.6	+0.7pp	Cons. · IFRS

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

Cost-of-sales ratio

FYE Dec 2025 43.0%

Average · 10 yrs 45.1%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	51.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	53.3	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	42.5	−10.8pp	Cons. · Japanese GAAP
FYE Dec 2019	42.5	−0.1pp	Cons. · Japanese GAAP
FYE Dec 2020	57.0	+14.6pp	Cons. · Japanese GAAP
FYE Jan 2022	45.7	−11.3pp	Cons. · Japanese GAAP
FYE Dec 2022	35.3	−10.4pp	Cons. · Japanese GAAP
FYE Dec 2023	39.2	moved to IFRS	Cons. · IFRS
FYE Dec 2024	40.4	+1.2pp	Cons. · IFRS
FYE Dec 2025	43.0	+2.6pp	Cons. · IFRS

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

SG&A ratio

FYE Dec 2025 5.9%

Average · 10 yrs 6.7%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	8.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.2	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	7.4	−0.8pp	Cons. · Japanese GAAP
FYE Dec 2019	6.1	−1.3pp	Cons. · Japanese GAAP
FYE Dec 2020	9.6	+3.4pp	Cons. · Japanese GAAP
FYE Jan 2022	6.8	−2.7pp	Cons. · Japanese GAAP
FYE Dec 2022	4.0	−2.8pp	Cons. · Japanese GAAP
FYE Dec 2023	4.4	moved to IFRS	Cons. · IFRS
FYE Dec 2024	5.9	+1.5pp	Cons. · IFRS
FYE Dec 2025	5.9	−0.1pp	Cons. · IFRS

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 Dec 2025 ¥7.74tn

CAGR · 10 yrs +6.7%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	4,312	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4,252	−1.4%	Cons. · Japanese GAAP
FYE Mar 2019	4,794	+12.7%	Cons. · Japanese GAAP
FYE Dec 2019	4,850	+1.2%	Cons. · Japanese GAAP
FYE Dec 2020	4,635	−4.4%	Cons. · Japanese GAAP
FYE Jan 2022	5,285	+14.0%	Cons. · Japanese GAAP
FYE Dec 2022	6,260	+18.4%	Cons. · Japanese GAAP
FYE Dec 2023	6,523	moved to IFRS	Cons. · IFRS
FYE Dec 2024	7,381	+13.1%	Cons. · IFRS
FYE Dec 2025	7,735	+4.8%	Cons. · IFRS

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

Equity net assets, shareholders' equity

FYE Dec 2025 ¥4.47tn

CAGR · 10 yrs +4.8%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	2,943	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,917	−0.9%	Cons. · Japanese GAAP
FYE Mar 2019	3,006	+3.1%	Cons. · Japanese GAAP
FYE Dec 2019	3,041	+1.1%	Cons. · Japanese GAAP
FYE Dec 2020	2,737	−10.0%	Cons. · Japanese GAAP
FYE Jan 2022	3,124	+14.2%	Cons. · Japanese GAAP
FYE Dec 2022	3,761	+20.4%	Cons. · Japanese GAAP
FYE Dec 2023	4,129	moved to IFRS	Cons. · IFRS
FYE Dec 2024	4,506	+9.1%	Cons. · IFRS
FYE Dec 2025	4,471	−0.8%	Cons. · IFRS

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 Dec 2025 ¥1.24tn

CAGR · 10 yrs +6.8%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	688	n/a	Cons. · Japanese GAAP
FYE Mar 2018	699	+1.6%	Cons. · Japanese GAAP
FYE Mar 2019	1,141	+63.4%	Cons. · Japanese GAAP
FYE Dec 2019	1,118	−2.1%	Cons. · Japanese GAAP
FYE Dec 2020	1,235	+10.5%	Cons. · Japanese GAAP
FYE Jan 2022	1,180	−4.4%	Cons. · Japanese GAAP
FYE Dec 2022	1,270	+7.6%	Cons. · Japanese GAAP
FYE Dec 2023	1,057	moved to IFRS	Cons. · IFRS
FYE Dec 2024	1,064	+0.7%	Cons. · IFRS
FYE Dec 2025	1,245	+17.0%	Cons. · IFRS

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

Short-term borrowings

FYE Dec 2025 ¥541bn

CAGR · 10 yrs +32.1%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	44.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	71.3	+61.0%	Cons. · Japanese GAAP
FYE Mar 2019	127	+78.5%	Cons. · Japanese GAAP
FYE Dec 2019	167	+31.2%	Cons. · Japanese GAAP
FYE Dec 2020	175	+5.0%	Cons. · Japanese GAAP
FYE Jan 2022	80.5	−54.0%	Cons. · Japanese GAAP
FYE Dec 2022	75.9	−5.7%	Cons. · Japanese GAAP
FYE Dec 2023	161	moved to IFRS	Cons. · IFRS
FYE Dec 2024	194	+20.4%	Cons. · IFRS
FYE Dec 2025	541	+179.3%	Cons. · IFRS

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

Long-term borrowings

FYE Dec 2025 ¥703bn

CAGR · 10 yrs +1.0%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	643	n/a	Cons. · Japanese GAAP
FYE Mar 2018	627	−2.5%	Cons. · Japanese GAAP
FYE Mar 2019	1,014	+61.6%	Cons. · Japanese GAAP
FYE Dec 2019	951	−6.2%	Cons. · Japanese GAAP
FYE Dec 2020	1,060	+11.4%	Cons. · Japanese GAAP
FYE Jan 2022	1,070	+0.9%	Cons. · Japanese GAAP
FYE Dec 2022	1,164	+8.8%	Cons. · Japanese GAAP
FYE Dec 2023	896	moved to IFRS	Cons. · IFRS
FYE Dec 2024	870	−2.9%	Cons. · IFRS
FYE Dec 2025	703	−19.2%	Cons. · IFRS

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

Bonds

FYE Dec 2025 ¥0.0bn

Average · 10 yrs ¥6.0bn

Fiscal year	Bonds ¥ bn	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 Dec 2019	0.0	n/a	Cons. · Japanese GAAP
FYE Dec 2020	0.0	n/a	Cons. · Japanese GAAP
FYE Jan 2022	30.0	n/a	Cons. · Japanese GAAP
FYE Dec 2022	30.0	−0.0%	Cons. · Japanese GAAP
FYE Dec 2023	0.0	moved to IFRS	Cons. · IFRS
FYE Dec 2024	0.0	n/a	Cons. · IFRS
FYE Dec 2025	0.0	n/a	Cons. · IFRS

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

Intangible assets

FYE Dec 2025 ¥31bn

CAGR · 10 yrs −26.8%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	521	n/a	Cons. · Japanese GAAP
FYE Mar 2018	542	+3.9%	Cons. · Japanese GAAP
FYE Mar 2019	520	−3.9%	Cons. · Japanese GAAP
FYE Dec 2019	535	+2.9%	Cons. · Japanese GAAP
FYE Dec 2020	442	−17.5%	Cons. · Japanese GAAP
FYE Jan 2022	417	−5.6%	Cons. · Japanese GAAP
FYE Dec 2022	6.8	−98.4%	Cons. · Japanese GAAP
FYE Dec 2023	9.0	moved to IFRS	Cons. · IFRS
FYE Dec 2024	17.0	+88.4%	Cons. · IFRS
FYE Dec 2025	31.4	+84.3%	Cons. · IFRS

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

Goodwill

FYE Dec 2025 ¥47bn

CAGR · 10 yrs −2.9%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	60.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	54.0	−11.1%	Cons. · Japanese GAAP
FYE Mar 2019	47.3	−12.5%	Cons. · Japanese GAAP
FYE Dec 2019	42.2	−10.7%	Cons. · Japanese GAAP
FYE Dec 2020	35.4	−16.0%	Cons. · Japanese GAAP
FYE Jan 2022	29.6	−16.6%	Cons. · Japanese GAAP
FYE Dec 2022	19.7	−33.3%	Cons. · Japanese GAAP
FYE Dec 2023	20.5	moved to IFRS	Cons. · IFRS
FYE Dec 2024	20.5	+0.2%	Cons. · IFRS
FYE Dec 2025	46.6	+126.9%	Cons. · IFRS

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 Dec 2025 57.8%

Average · 10 yrs 62.3%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	68.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	68.6	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	62.7	−5.9pp	Cons. · Japanese GAAP
FYE Dec 2019	62.7	−0.0pp	Cons. · Japanese GAAP
FYE Dec 2020	59.0	−3.6pp	Cons. · Japanese GAAP
FYE Jan 2022	59.1	+0.1pp	Cons. · Japanese GAAP
FYE Dec 2022	60.1	+1.0pp	Cons. · Japanese GAAP
FYE Dec 2023	63.3	moved to IFRS	Cons. · IFRS
FYE Dec 2024	61.0	−2.3pp	Cons. · IFRS
FYE Dec 2025	57.8	−3.2pp	Cons. · IFRS

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 Dec 2025 27.8%

Average · 10 yrs 31.6%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	23.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	24.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	38.0	+14.0pp	Cons. · Japanese GAAP
FYE Dec 2019	36.8	−1.2pp	Cons. · Japanese GAAP
FYE Dec 2020	45.1	+8.4pp	Cons. · Japanese GAAP
FYE Jan 2022	37.8	−7.3pp	Cons. · Japanese GAAP
FYE Dec 2022	33.8	−4.0pp	Cons. · Japanese GAAP
FYE Dec 2023	25.6	moved to IFRS	Cons. · IFRS
FYE Dec 2024	23.6	−2.0pp	Cons. · IFRS
FYE Dec 2025	27.8	+4.2pp	Cons. · IFRS

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

ROE return on equity

FYE Dec 2025 8.8%

Average · 10 yrs 5.3%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.4	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	3.2	+1.8pp	Cons. · Japanese GAAP
FYE Dec 2019	4.1	+0.9pp	Cons. · Japanese GAAP
FYE Dec 2020	-4.1	−8.1pp	Cons. · Japanese GAAP
FYE Jan 2022	7.1	+11.2pp	Cons. · Japanese GAAP
FYE Dec 2022	12.3	+5.1pp	Cons. · Japanese GAAP
FYE Dec 2023	9.0	moved to IFRS	Cons. · IFRS
FYE Dec 2024	9.5	+0.5pp	Cons. · IFRS
FYE Dec 2025	8.8	−0.7pp	Cons. · IFRS

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

ROA return on assets

FYE Dec 2025 5.1%

Average · 10 yrs 3.2%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	2.0	+1.1pp	Cons. · Japanese GAAP
FYE Dec 2019	2.5	+0.5pp	Cons. · Japanese GAAP
FYE Dec 2020	-2.4	−5.0pp	Cons. · Japanese GAAP
FYE Jan 2022	4.2	+6.6pp	Cons. · Japanese GAAP
FYE Dec 2022	7.4	+3.1pp	Cons. · Japanese GAAP
FYE Dec 2023	5.7	moved to IFRS	Cons. · IFRS
FYE Dec 2024	5.8	+0.1pp	Cons. · IFRS
FYE Dec 2025	5.1	−0.7pp	Cons. · IFRS

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

Asset turnover

FYE Dec 2025 0.26×

CAGR · 10 yrs +2.8%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.20	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.22	+8.3%	Cons. · Japanese GAAP
FYE Mar 2019	0.20	−7.7%	Cons. · Japanese GAAP
FYE Dec 2019	0.21	+1.7%	Cons. · Japanese GAAP
FYE Dec 2020	0.17	−19.3%	Cons. · Japanese GAAP
FYE Jan 2022	0.24	+41.5%	Cons. · Japanese GAAP
FYE Dec 2022	0.37	+57.1%	Cons. · Japanese GAAP
FYE Dec 2023	0.33	moved to IFRS	Cons. · IFRS
FYE Dec 2024	0.31	−7.5%	Cons. · IFRS
FYE Dec 2025	0.26	−15.3%	Cons. · IFRS

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 Dec 2025 ¥694bn

CAGR · 10 yrs +10.8%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	276	n/a	Cons. · Japanese GAAP
FYE Mar 2018	279	+1.0%	Cons. · Japanese GAAP
FYE Mar 2019	239	−14.4%	Cons. · Japanese GAAP
FYE Dec 2019	275	+15.2%	Cons. · Japanese GAAP
FYE Dec 2020	293	+6.6%	Cons. · Japanese GAAP
FYE Jan 2022	445	+52.1%	Cons. · Japanese GAAP
FYE Dec 2022	751	+68.7%	Cons. · Japanese GAAP
FYE Dec 2023	786	moved to IFRS	Cons. · IFRS
FYE Dec 2024	655	−16.7%	Cons. · IFRS
FYE Dec 2025	694	+6.0%	Cons. · IFRS

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

Investing cash flow

FYE Dec 2025 -¥669bn

Average · 10 yrs -¥363bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	53.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-352	−758.0%	Cons. · Japanese GAAP
FYE Mar 2019	-682	n/a	Cons. · Japanese GAAP
FYE Dec 2019	-289	n/a	Cons. · Japanese GAAP
FYE Dec 2020	-417	n/a	Cons. · Japanese GAAP
FYE Jan 2022	-131	n/a	Cons. · Japanese GAAP
FYE Dec 2022	-526	n/a	Cons. · Japanese GAAP
FYE Dec 2023	-324	moved to IFRS	Cons. · IFRS
FYE Dec 2024	-290	n/a	Cons. · IFRS
FYE Dec 2025	-669	n/a	Cons. · IFRS

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

Financing cash flow

FYE Dec 2025 -¥111bn

Average · 10 yrs -¥105bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-65.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	34.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	405	+1066.3%	Cons. · Japanese GAAP
FYE Dec 2019	-48.6	−112.0%	Cons. · Japanese GAAP
FYE Dec 2020	127	n/a	Cons. · Japanese GAAP
FYE Jan 2022	-315	−348.7%	Cons. · Japanese GAAP
FYE Dec 2022	-242	n/a	Cons. · Japanese GAAP
FYE Dec 2023	-480	moved to IFRS	Cons. · IFRS
FYE Dec 2024	-350	n/a	Cons. · IFRS
FYE Dec 2025	-111	n/a	Cons. · IFRS

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

Cash and equivalents

FYE Dec 2025 ¥168bn

CAGR · 10 yrs −6.8%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	317	n/a	Cons. · Japanese GAAP
FYE Mar 2018	276	−12.9%	Cons. · Japanese GAAP
FYE Mar 2019	240	−13.2%	Cons. · Japanese GAAP
FYE Dec 2019	174	−27.5%	Cons. · Japanese GAAP
FYE Dec 2020	172	−0.8%	Cons. · Japanese GAAP
FYE Jan 2022	191	+10.9%	Cons. · Japanese GAAP
FYE Dec 2022	212	+10.7%	Cons. · Japanese GAAP
FYE Dec 2023	201	moved to IFRS	Cons. · IFRS
FYE Dec 2024	242	+20.3%	Cons. · IFRS
FYE Dec 2025	168	−30.3%	Cons. · IFRS

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

Free cash flow

FYE Dec 2025 ¥25bn

CAGR · 10 yrs −24.9%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	329	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-73.4	−122.3%	Cons. · Japanese GAAP
FYE Mar 2019	-443	n/a	Cons. · Japanese GAAP
FYE Dec 2019	-14.0	n/a	Cons. · Japanese GAAP
FYE Dec 2020	-124	n/a	Cons. · Japanese GAAP
FYE Jan 2022	315	n/a	Cons. · Japanese GAAP
FYE Dec 2022	226	−28.3%	Cons. · Japanese GAAP
FYE Dec 2023	462	moved to IFRS	Cons. · IFRS
FYE Dec 2024	364	−21.1%	Cons. · IFRS
FYE Dec 2025	25.2	−93.1%	Cons. · IFRS

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 Dec 2025 34.5%

Average · 10 yrs 31.9%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	31.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.8	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2019	24.6	−5.3pp	Cons. · Japanese GAAP
FYE Dec 2019	27.5	+2.9pp	Cons. · Japanese GAAP
FYE Dec 2020	38.0	+10.5pp	Cons. · Japanese GAAP
FYE Jan 2022	35.8	−2.2pp	Cons. · Japanese GAAP
FYE Dec 2022	32.4	−3.4pp	Cons. · Japanese GAAP
FYE Dec 2023	36.3	moved to IFRS	Cons. · IFRS
FYE Dec 2024	28.9	−7.4pp	Cons. · IFRS
FYE Dec 2025	34.5	+5.6pp	Cons. · IFRS

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

Net cash

FYE Dec 2025 -¥1.08tn

Average · 10 yrs -¥850bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-371	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-422	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-902	n/a	Cons. · Japanese GAAP
FYE Dec 2019	-944	n/a	Cons. · Japanese GAAP
FYE Dec 2020	-1,062	n/a	Cons. · Japanese GAAP
FYE Jan 2022	-989	n/a	Cons. · Japanese GAAP
FYE Dec 2022	-1,059	n/a	Cons. · Japanese GAAP
FYE Dec 2023	-856	moved to IFRS	Cons. · IFRS
FYE Dec 2024	-822	n/a	Cons. · IFRS
FYE Dec 2025	-1,076	n/a	Cons. · IFRS

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 Dec 2025 ¥3.96tn

Change · 9 yrs +¥2.36tn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	1,599	n/a
FYE Mar 2018	1,924	n/a
FYE Mar 2019	1,540	n/a
FYE Dec 2019	1,658	n/a
FYE Dec 2020	n/a	n/a
FYE Jan 2022	1,463	n/a
FYE Dec 2022	1,922	n/a
FYE Dec 2023	2,654	n/a
FYE Dec 2024	2,478	n/a
FYE Dec 2025	3,957	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 Dec 2025 3,143¥

Change · 9 yrs +2,049¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,094	n/a
FYE Mar 2018	1,316	n/a
FYE Mar 2019	1,053	n/a
FYE Dec 2019	1,134	n/a
FYE Dec 2020	n/a	n/a
FYE Jan 2022	1,000	n/a
FYE Dec 2022	1,386	n/a
FYE Dec 2023	1,914	n/a
FYE Dec 2024	1,968	n/a
FYE Dec 2025	3,143	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 Dec 2025 1,259,136,067shares

Change · 10 yrs −203,187,533 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	1,462,323,600	Parent
FYE Mar 2018	1,462,323,600	Parent
FYE Mar 2019	1,462,323,600	Parent
FYE Dec 2019	1,462,323,600	Parent
FYE Dec 2020	1,462,323,600	Parent
FYE Jan 2022	1,462,323,600	Parent
FYE Dec 2022	1,386,667,167	Parent
FYE Dec 2023	1,386,667,167	Parent
FYE Dec 2024	1,259,136,067	Parent
FYE Dec 2025	1,259,136,067	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 Dec 2025 330.82¥

Change · 10 yrs +299.21¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	31.61	Cons.
FYE Mar 2018	27.64	Cons.
FYE Mar 2019	65.81	Cons.
FYE Dec 2019	84.61	Cons.
FYE Dec 2020	-76.50	Cons.
FYE Jan 2022	153.87	Cons.
FYE Dec 2022	364.73	Cons.
FYE Dec 2023	248.55	Cons.
FYE Dec 2024	345.31	Cons.
FYE Dec 2025	330.82	Cons.

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

BPS book value per share

FYE Dec 2025 3,551.18¥

Change · 10 yrs +1,538.51¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	2,012.67	Cons. · Japanese GAAP
FYE Mar 2018	1,994.55	Cons. · Japanese GAAP
FYE Mar 2019	2,055.96	Cons. · Japanese GAAP
FYE Dec 2019	2,079.41	Cons. · Japanese GAAP
FYE Dec 2020	1,871.36	Cons. · Japanese GAAP
FYE Jan 2022	2,136.37	Cons. · Japanese GAAP
FYE Dec 2022	2,712.40	Cons. · Japanese GAAP
FYE Dec 2023	2,977.82	Cons. · IFRS
FYE Dec 2024	3,578.47	Cons. · IFRS
FYE Dec 2025	3,551.18	Cons. · IFRS

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

PER price-to-earnings ratio

FYE Dec 2025 9.50×

Average · 9 yrs 16.09×

Fiscal year	PER ×	Basis
FYE Mar 2017	34.60	Cons.
FYE Mar 2018	47.60	Cons.
FYE Mar 2019	16.00	Cons.
FYE Dec 2019	13.40	Cons.
FYE Dec 2020	n/a	Cons.
FYE Jan 2022	6.50	Cons.
FYE Dec 2022	3.80	Cons.
FYE Dec 2023	7.70	Cons.
FYE Dec 2024	5.70	Cons.
FYE Dec 2025	9.50	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 Dec 2025 0.77×

Average · 9 yrs 0.56×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.54	Cons.
FYE Mar 2018	0.66	Cons.
FYE Mar 2019	0.51	Cons.
FYE Dec 2019	0.54	Cons.
FYE Dec 2020	n/a	Cons.
FYE Jan 2022	0.46	Cons.
FYE Dec 2022	0.48	Cons.
FYE Dec 2023	0.57	Cons.
FYE Dec 2024	0.49	Cons.
FYE Dec 2025	0.77	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 Dec 2025 3,720people

Change · 10 yrs +492 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	3,228	n/a	Cons.
FYE Mar 2018	3,189	−1.2%	Cons.
FYE Mar 2019	3,118	−2.2%	Cons.
FYE Dec 2019	3,117	−0.0%	Cons.
FYE Dec 2020	3,163	+1.5%	Cons.
FYE Jan 2022	3,189	+0.8%	Cons.
FYE Dec 2022	3,364	+5.5%	Cons.
FYE Dec 2023	3,531	+5.0%	Cons.
FYE Dec 2024	3,679	+4.2%	Cons.
FYE Dec 2025	3,720	+1.1%	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 Dec 2025 889people

Change · 10 yrs −434 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	1,323	n/a	Parent
FYE Mar 2018	1,231	−7.0%	Parent
FYE Mar 2019	1,194	−3.0%	Parent
FYE Dec 2019	1,209	+1.3%	Parent
FYE Dec 2020	1,364	+12.8%	Parent
FYE Jan 2022	1,380	+1.2%	Parent
FYE Dec 2022	1,349	−2.2%	Parent
FYE Dec 2023	1,384	+2.6%	Parent
FYE Dec 2024	889	−35.8%	Parent
FYE Dec 2025	889	−0.0%	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 Dec 2025 ¥13.2m

Change · 10 yrs +¥4.0m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	9.2	n/a	Parent
FYE Mar 2018	9.2	+0.3%	Parent
FYE Mar 2019	9.2	−0.8%	Parent
FYE Dec 2019	9.2	+0.8%	Parent
FYE Dec 2020	9.1	−1.5%	Parent
FYE Jan 2022	9.3	+2.1%	Parent
FYE Dec 2022	9.7	+4.6%	Parent
FYE Dec 2023	11.2	+15.3%	Parent
FYE Dec 2024	11.7	+4.5%	Parent
FYE Dec 2025	13.2	+13.3%	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 Dec 2025 39.2years

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	39.5	n/a	Parent
FYE Dec 2019	39.3	−0.6%	Parent
FYE Dec 2020	39.5	+0.7%	Parent
FYE Jan 2022	39.8	+0.7%	Parent
FYE Dec 2022	39.9	+0.3%	Parent
FYE Dec 2023	39.7	−0.6%	Parent
FYE Dec 2024	39.4	−0.8%	Parent
FYE Dec 2025	39.2	−0.5%	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 Dec 2025 11.4years

Change · 10 yrs −4.3 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	15.7	n/a	Parent
FYE Mar 2018	15.9	+1.3%	Parent
FYE Mar 2019	15.8	−0.9%	Parent
FYE Dec 2019	15.5	−1.6%	Parent
FYE Dec 2020	14.1	−9.2%	Parent
FYE Jan 2022	13.8	−1.9%	Parent
FYE Dec 2022	13.7	−1.1%	Parent
FYE Dec 2023	13.1	−4.1%	Parent
FYE Dec 2024	11.6	−11.5%	Parent
FYE Dec 2025	11.4	−1.7%	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 Dec 2025 602people

Change · 10 yrs −583 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	1,185	n/a	n/a
FYE Mar 2018	1,142	−3.6%	n/a
FYE Mar 2019	911	−20.2%	n/a
FYE Dec 2019	604	−33.7%	n/a
FYE Dec 2020	552	−8.6%	n/a
FYE Jan 2022	469	−15.0%	n/a
FYE Dec 2022	395	−15.8%	n/a
FYE Dec 2023	438	+10.9%	n/a
FYE Dec 2024	549	+25.3%	n/a
FYE Dec 2025	602	+9.7%	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 Dec 2025 ¥541m

Change · 10 yrs +¥270m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	271	n/a	Cons.
FYE Mar 2018	293	+8.1%	Cons.
FYE Mar 2019	312	+6.4%	Cons.
FYE Dec 2019	321	+3.0%	Cons.
FYE Dec 2020	244	−24.0%	Cons.
FYE Jan 2022	390	+60.1%	Cons.
FYE Dec 2022	688	+76.4%	Cons.
FYE Dec 2023	613	n/a	Cons.
FYE Dec 2024	616	+0.4%	Cons.
FYE Dec 2025	541	−12.2%	Cons.

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

Operating profit per employee

FYE Dec 2025 ¥305m

Change · 10 yrs +¥201m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	104	n/a	Cons.
FYE Mar 2018	112	+7.5%	Cons.
FYE Mar 2019	152	+35.7%	Cons.
FYE Dec 2019	160	+5.2%	Cons.
FYE Dec 2020	78.6	−50.9%	Cons.
FYE Jan 2022	185	+135.8%	Cons.
FYE Dec 2022	447	+141.3%	Cons.
FYE Dec 2023	316	n/a	Cons.
FYE Dec 2024	346	+9.6%	Cons.
FYE Dec 2025	305	−11.7%	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.

Accuracy, liability, reuse and privacy — the full disclaimer →

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