Financials

Daito Trust Construction: FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥1.98tnYoY +7.7%

FYE Mar 2026 · Operating profit¥135bnYoY +13.8%

FYE Mar 2026 · Net profit¥99bnYoY +5.5%

FYE Mar 2026 · Equity ratio36.3%YoY −1.9pp

FYE Mar 2026 · Group employees19,326YoY +512

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥1.50tn	n/a	¥120bn	n/a	8.0%	¥82bn	Kumakiri Naomi	—
FYE Mar 2018Consolidated	¥1.56tn	+4.0%	¥126bn	+5.2%	8.1%	¥88bn	Kumakiri Naomi	Three-company structure: build, manage, let
FYE Mar 2019Consolidated	¥1.59tn	+2.2%	¥127bn	+0.5%	8.0%	¥90bn	Kumakiri Naomi	Ten-year rent guarantees start coming up for review
FYE Mar 2020Consolidated	¥1.59tn	−0.3%	¥128bn	+0.7%	8.1%	¥90bn	Kumakiri Naomi	—
FYE Mar 2021Consolidated	¥1.49tn	−6.1%	¥87bn	−32.2%	5.8%	¥62bn	Kobayashi Katsumitsu	Sublease Law takes effect
FYE Mar 2022Consolidated	¥1.58tn	+6.3%	¥100bn	+14.8%	6.3%	¥70bn	Kobayashi Katsumitsu	—
FYE Mar 2023Consolidated	¥1.66tn	+4.7%	¥100bn	+0.4%	6.0%	¥70bn	Kobayashi Katsumitsu	—
FYE Mar 2024Consolidated	¥1.73tn	+4.5%	¥105bn	+4.8%	6.1%	¥75bn	Kobayashi Katsumitsu	—
FYE Mar 2025Consolidated	¥1.84tn	+6.4%	¥119bn	+13.4%	6.5%	¥94bn	Takeuchi Kei	<a class="en-history_person" href="/tse/1878/executives/ceo/takeuchi-kei/" hreflang="ja">Takeuchi Kei</a> named CEO; acquisitions beyond the master lease
FYE Mar 2026Consolidated	¥1.98tn	+7.7%	¥135bn	+13.8%	6.8%	¥99bn	Takeuchi Kei	Housecom taken private, ending the dual listing

How it compares

Daito Trust Construction¥1.98tnFY2025Operating margin 6.8%

Leopalace21¥445bnFY2025Operating margin 8.1%Starts Corporation¥252bnFY2025Operating margin 14.4%Relo Group¥151bnFY2025Operating margin 20.4%

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 ¥1.98tn

CAGR · 10 yrs +3.2%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	1,497	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,557	+4.0%	Cons. · Japanese GAAP
FYE Mar 2019	1,591	+2.2%	Cons. · Japanese GAAP
FYE Mar 2020	1,586	−0.3%	Cons. · Japanese GAAP
FYE Mar 2021	1,489	−6.1%	Cons. · Japanese GAAP
FYE Mar 2022	1,583	+6.3%	Cons. · Japanese GAAP
FYE Mar 2023	1,658	+4.7%	Cons. · Japanese GAAP
FYE Mar 2024	1,731	+4.5%	Cons. · Japanese GAAP
FYE Mar 2025	1,842	+6.4%	Cons. · Japanese GAAP
FYE Mar 2026	1,985	+7.7%	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 ¥1.64tn

CAGR · 10 yrs +3.4%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	1,212	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,260	+4.0%	Cons. · Japanese GAAP
FYE Mar 2019	1,295	+2.8%	Cons. · Japanese GAAP
FYE Mar 2020	1,304	+0.7%	Cons. · Japanese GAAP
FYE Mar 2021	1,250	−4.1%	Cons. · Japanese GAAP
FYE Mar 2022	1,323	+5.8%	Cons. · Japanese GAAP
FYE Mar 2023	1,399	+5.8%	Cons. · Japanese GAAP
FYE Mar 2024	1,447	+3.4%	Cons. · Japanese GAAP
FYE Mar 2025	1,527	+5.5%	Cons. · Japanese GAAP
FYE Mar 2026	1,638	+7.3%	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 ¥347bn

CAGR · 10 yrs +2.2%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	286	n/a	Cons. · Japanese GAAP
FYE Mar 2018	297	+4.0%	Cons. · Japanese GAAP
FYE Mar 2019	296	−0.3%	Cons. · Japanese GAAP
FYE Mar 2020	282	−4.6%	Cons. · Japanese GAAP
FYE Mar 2021	239	−15.4%	Cons. · Japanese GAAP
FYE Mar 2022	260	+8.9%	Cons. · Japanese GAAP
FYE Mar 2023	258	−0.7%	Cons. · Japanese GAAP
FYE Mar 2024	285	+10.2%	Cons. · Japanese GAAP
FYE Mar 2025	316	+10.9%	Cons. · Japanese GAAP
FYE Mar 2026	347	+9.9%	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 ¥212bn

CAGR · 10 yrs +2.8%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	165	n/a	Cons. · Japanese GAAP
FYE Mar 2018	171	+3.2%	Cons. · Japanese GAAP
FYE Mar 2019	169	−1.0%	Cons. · Japanese GAAP
FYE Mar 2020	155	−8.6%	Cons. · Japanese GAAP
FYE Mar 2021	152	−1.5%	Cons. · Japanese GAAP
FYE Mar 2022	161	+5.5%	Cons. · Japanese GAAP
FYE Mar 2023	158	−1.3%	Cons. · Japanese GAAP
FYE Mar 2024	180	+13.6%	Cons. · Japanese GAAP
FYE Mar 2025	197	+9.5%	Cons. · Japanese GAAP
FYE Mar 2026	212	+7.5%	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 ¥135bn

CAGR · 10 yrs +1.3%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	120	n/a	Cons. · Japanese GAAP
FYE Mar 2018	126	+5.2%	Cons. · Japanese GAAP
FYE Mar 2019	127	+0.5%	Cons. · Japanese GAAP
FYE Mar 2020	128	+0.7%	Cons. · Japanese GAAP
FYE Mar 2021	86.7	−32.2%	Cons. · Japanese GAAP
FYE Mar 2022	99.6	+14.8%	Cons. · Japanese GAAP
FYE Mar 2023	100	+0.4%	Cons. · Japanese GAAP
FYE Mar 2024	105	+4.8%	Cons. · Japanese GAAP
FYE Mar 2025	119	+13.4%	Cons. · Japanese GAAP
FYE Mar 2026	135	+13.8%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥9.3bn

CAGR · 10 yrs +5.4%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	5.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.0	+4.1%	Cons. · Japanese GAAP
FYE Mar 2019	6.1	+0.3%	Cons. · Japanese GAAP
FYE Mar 2020	6.2	+2.5%	Cons. · Japanese GAAP
FYE Mar 2021	5.6	−10.4%	Cons. · Japanese GAAP
FYE Mar 2022	5.8	+4.8%	Cons. · Japanese GAAP
FYE Mar 2023	7.0	+19.9%	Cons. · Japanese GAAP
FYE Mar 2024	5.9	−15.3%	Cons. · Japanese GAAP
FYE Mar 2025	12.1	+103.9%	Cons. · Japanese GAAP
FYE Mar 2026	9.3	−22.8%	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 ¥5.4bn

CAGR · 10 yrs +15.7%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.9	−39.8%	Cons. · Japanese GAAP
FYE Mar 2019	0.9	−0.9%	Cons. · Japanese GAAP
FYE Mar 2020	1.1	+31.1%	Cons. · Japanese GAAP
FYE Mar 2021	1.7	+48.9%	Cons. · Japanese GAAP
FYE Mar 2022	1.8	+3.5%	Cons. · Japanese GAAP
FYE Mar 2023	3.1	+76.5%	Cons. · Japanese GAAP
FYE Mar 2024	2.0	−34.7%	Cons. · Japanese GAAP
FYE Mar 2025	1.5	−26.2%	Cons. · Japanese GAAP
FYE Mar 2026	5.4	+262.6%	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 ¥139bn

CAGR · 10 yrs +1.2%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	125	n/a	Cons. · Japanese GAAP
FYE Mar 2018	132	+5.6%	Cons. · Japanese GAAP
FYE Mar 2019	132	+0.5%	Cons. · Japanese GAAP
FYE Mar 2020	133	+0.6%	Cons. · Japanese GAAP
FYE Mar 2021	90.6	−31.9%	Cons. · Japanese GAAP
FYE Mar 2022	104	+14.4%	Cons. · Japanese GAAP
FYE Mar 2023	104	+0.2%	Cons. · Japanese GAAP
FYE Mar 2024	109	+4.6%	Cons. · Japanese GAAP
FYE Mar 2025	129	+19.1%	Cons. · Japanese GAAP
FYE Mar 2026	139	+7.5%	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 ¥0.6bn

CAGR · 10 yrs +39.3%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.1	+183.9%	Cons. · Japanese GAAP
FYE Mar 2019	1.1	+1179.5%	Cons. · Japanese GAAP
FYE Mar 2020	1.0	−12.8%	Cons. · Japanese GAAP
FYE Mar 2021	0.8	−22.2%	Cons. · Japanese GAAP
FYE Mar 2022	0.1	−92.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.2	+273.8%	Cons. · Japanese GAAP
FYE Mar 2024	3.3	+1330.3%	Cons. · Japanese GAAP
FYE Mar 2025	4.7	+43.8%	Cons. · Japanese GAAP
FYE Mar 2026	0.6	−87.0%	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 ¥99bn

CAGR · 10 yrs +2.1%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	82.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	87.8	+6.9%	Cons. · Japanese GAAP
FYE Mar 2019	89.9	+2.4%	Cons. · Japanese GAAP
FYE Mar 2020	90.4	+0.5%	Cons. · Japanese GAAP
FYE Mar 2021	62.3	−31.1%	Cons. · Japanese GAAP
FYE Mar 2022	69.6	+11.7%	Cons. · Japanese GAAP
FYE Mar 2023	70.4	+1.1%	Cons. · Japanese GAAP
FYE Mar 2024	74.7	+6.1%	Cons. · Japanese GAAP
FYE Mar 2025	93.9	+25.7%	Cons. · Japanese GAAP
FYE Mar 2026	99.0	+5.5%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 17.5%

Average · 10 yrs 17.4%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	19.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	18.6	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	17.8	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	16.0	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2022	16.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	15.6	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	16.4	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	17.1	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	17.5	+0.3pp	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 6.8%

Average · 10 yrs 7.0%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	8.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.1	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	8.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	8.1	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	5.8	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2022	6.3	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	6.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	6.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	6.5	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	6.8	+0.4pp	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 7.0%

Average · 10 yrs 7.3%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	8.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	8.3	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	8.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	6.1	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2022	6.5	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	6.3	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	6.3	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	7.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	7.0	−0.0pp	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 5.0%

Average · 10 yrs 5.0%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	5.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.6	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	5.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	5.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	4.2	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2022	4.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	4.2	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	4.3	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	5.1	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	5.0	−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 82.5%

Average · 10 yrs 82.6%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	80.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	80.9	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	81.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	82.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	84.0	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2022	83.6	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	84.4	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	83.6	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	82.9	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	82.5	−0.3pp	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 10.7%

Average · 10 yrs 10.4%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	11.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	10.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	9.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	10.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	10.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	9.6	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	10.4	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	10.7	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	10.7	−0.0pp	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 ¥1.37tn

CAGR · 10 yrs +6.4%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	781	n/a	Cons. · Japanese GAAP
FYE Mar 2018	843	+7.9%	Cons. · Japanese GAAP
FYE Mar 2019	860	+2.0%	Cons. · Japanese GAAP
FYE Mar 2020	880	+2.4%	Cons. · Japanese GAAP
FYE Mar 2021	919	+4.4%	Cons. · Japanese GAAP
FYE Mar 2022	1,006	+9.4%	Cons. · Japanese GAAP
FYE Mar 2023	1,062	+5.6%	Cons. · Japanese GAAP
FYE Mar 2024	1,080	+1.7%	Cons. · Japanese GAAP
FYE Mar 2025	1,223	+13.2%	Cons. · Japanese GAAP
FYE Mar 2026	1,368	+11.8%	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 ¥496bn

CAGR · 10 yrs +6.9%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	273	n/a	Cons. · Japanese GAAP
FYE Mar 2018	294	+7.8%	Cons. · Japanese GAAP
FYE Mar 2019	299	+1.7%	Cons. · Japanese GAAP
FYE Mar 2020	283	−5.5%	Cons. · Japanese GAAP
FYE Mar 2021	304	+7.5%	Cons. · Japanese GAAP
FYE Mar 2022	362	+19.0%	Cons. · Japanese GAAP
FYE Mar 2023	402	+11.0%	Cons. · Japanese GAAP
FYE Mar 2024	403	+0.3%	Cons. · Japanese GAAP
FYE Mar 2025	466	+15.8%	Cons. · Japanese GAAP
FYE Mar 2026	496	+6.4%	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 ¥184bn

CAGR · 10 yrs +14.5%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	54.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	106	+94.0%	Cons. · Japanese GAAP
FYE Mar 2019	92.1	−12.8%	Cons. · Japanese GAAP
FYE Mar 2020	82.8	−10.2%	Cons. · Japanese GAAP
FYE Mar 2021	84.0	+1.6%	Cons. · Japanese GAAP
FYE Mar 2022	83.6	−0.5%	Cons. · Japanese GAAP
FYE Mar 2023	68.3	−18.2%	Cons. · Japanese GAAP
FYE Mar 2024	68.2	−0.3%	Cons. · Japanese GAAP
FYE Mar 2025	53.8	−21.0%	Cons. · Japanese GAAP
FYE Mar 2026	184	+241.6%	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 ¥13bn

CAGR · 10 yrs −12.3%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	44.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.6	−30.6%	Cons. · Japanese GAAP
FYE Mar 2019	19.8	−35.2%	Cons. · Japanese GAAP
FYE Mar 2020	21.6	+9.2%	Cons. · Japanese GAAP
FYE Mar 2021	0.7	−96.8%	Cons. · Japanese GAAP
FYE Mar 2022	13.0	+1785.2%	Cons. · Japanese GAAP
FYE Mar 2023	1.0	−92.1%	Cons. · Japanese GAAP
FYE Mar 2024	11.0	+970.4%	Cons. · Japanese GAAP
FYE Mar 2025	9.3	−15.2%	Cons. · Japanese GAAP
FYE Mar 2026	13.5	+44.6%	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 ¥170bn

CAGR · 10 yrs +36.5%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	10.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	75.0	+623.5%	Cons. · Japanese GAAP
FYE Mar 2019	72.3	−3.6%	Cons. · Japanese GAAP
FYE Mar 2020	61.1	−15.5%	Cons. · Japanese GAAP
FYE Mar 2021	83.3	+36.4%	Cons. · Japanese GAAP
FYE Mar 2022	70.6	−15.3%	Cons. · Japanese GAAP
FYE Mar 2023	67.3	−4.6%	Cons. · Japanese GAAP
FYE Mar 2024	57.2	−15.1%	Cons. · Japanese GAAP
FYE Mar 2025	44.5	−22.1%	Cons. · Japanese GAAP
FYE Mar 2026	170	+282.8%	Cons. · Japanese GAAP

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

Intangible assets

FYE Mar 2026 ¥36bn

CAGR · 10 yrs +8.3%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	17.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.7	+34.2%	Cons. · Japanese GAAP
FYE Mar 2019	27.9	+17.9%	Cons. · Japanese GAAP
FYE Mar 2020	28.3	+1.4%	Cons. · Japanese GAAP
FYE Mar 2021	39.1	+38.1%	Cons. · Japanese GAAP
FYE Mar 2022	36.5	−6.5%	Cons. · Japanese GAAP
FYE Mar 2023	34.6	−5.3%	Cons. · Japanese GAAP
FYE Mar 2024	33.4	−3.4%	Cons. · Japanese GAAP
FYE Mar 2025	35.2	+5.2%	Cons. · Japanese GAAP
FYE Mar 2026	36.0	+2.5%	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 ¥13bn

CAGR · 7 yrs +52.1%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2020	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	12.2	+1073.1%	Cons. · Japanese GAAP
FYE Mar 2022	11.3	−7.3%	Cons. · Japanese GAAP
FYE Mar 2023	11.4	+0.2%	Cons. · Japanese GAAP
FYE Mar 2024	11.8	+4.3%	Cons. · Japanese GAAP
FYE Mar 2025	12.7	+7.2%	Cons. · Japanese GAAP
FYE Mar 2026	12.9	+1.7%	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 36.3%

Average · 10 yrs 35.5%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	35.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	34.9	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	34.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	32.1	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2021	33.1	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	36.0	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2023	37.8	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2024	37.3	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	38.1	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	36.3	−1.9pp	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 37.1%

Average · 10 yrs 24.9%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	19.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.9	+15.9pp	Cons. · Japanese GAAP
FYE Mar 2019	30.8	−5.1pp	Cons. · Japanese GAAP
FYE Mar 2020	29.2	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2021	27.6	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2022	23.1	−4.5pp	Cons. · Japanese GAAP
FYE Mar 2023	17.0	−6.1pp	Cons. · Japanese GAAP
FYE Mar 2024	16.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	11.5	−5.4pp	Cons. · Japanese GAAP
FYE Mar 2026	37.1	+25.5pp	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 20.0%

Average · 10 yrs 23.8%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	30.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.8	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	30.0	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	31.9	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2021	20.5	−11.5pp	Cons. · Japanese GAAP
FYE Mar 2022	19.2	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	17.5	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2024	18.5	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2025	20.1	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2026	20.0	−0.2pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 7.2%

Average · 10 yrs 8.4%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	10.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	10.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	10.3	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	6.8	−3.5pp	Cons. · Japanese GAAP
FYE Mar 2022	6.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	6.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	6.9	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	7.7	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	7.2	−0.4pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 1.45×

CAGR · 10 yrs −3.0%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.92	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.85	−3.6%	Cons. · Japanese GAAP
FYE Mar 2019	1.85	+0.2%	Cons. · Japanese GAAP
FYE Mar 2020	1.80	−2.6%	Cons. · Japanese GAAP
FYE Mar 2021	1.62	−10.1%	Cons. · Japanese GAAP
FYE Mar 2022	1.57	−2.8%	Cons. · Japanese GAAP
FYE Mar 2023	1.56	−0.8%	Cons. · Japanese GAAP
FYE Mar 2024	1.60	+2.7%	Cons. · Japanese GAAP
FYE Mar 2025	1.51	−6.0%	Cons. · Japanese GAAP
FYE Mar 2026	1.45	−3.7%	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 ¥40bn

CAGR · 10 yrs −11.7%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	124	n/a	Cons. · Japanese GAAP
FYE Mar 2018	62.6	−49.6%	Cons. · Japanese GAAP
FYE Mar 2019	72.0	+15.1%	Cons. · Japanese GAAP
FYE Mar 2020	102	+41.9%	Cons. · Japanese GAAP
FYE Mar 2021	98.5	−3.6%	Cons. · Japanese GAAP
FYE Mar 2022	112	+14.2%	Cons. · Japanese GAAP
FYE Mar 2023	82.1	−27.0%	Cons. · Japanese GAAP
FYE Mar 2024	90.9	+10.7%	Cons. · Japanese GAAP
FYE Mar 2025	85.6	−5.8%	Cons. · Japanese GAAP
FYE Mar 2026	40.5	−52.7%	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 -¥42bn

Average · 10 yrs -¥28bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-33.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-22.9	n/a	Cons. · Japanese GAAP
FYE Mar 2019	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-18.3	−22418.3%	Cons. · Japanese GAAP
FYE Mar 2021	-24.7	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-19.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-57.1	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-13.1	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-46.5	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-41.7	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 ¥37bn

Average · 10 yrs -¥52bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-72.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-25.3	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-97.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-111	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-34.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-34.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-40.1	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-96.8	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-45.8	n/a	Cons. · Japanese GAAP
FYE Mar 2026	37.2	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 ¥258bn

CAGR · 10 yrs +2.9%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	200	n/a	Cons. · Japanese GAAP
FYE Mar 2018	214	+6.8%	Cons. · Japanese GAAP
FYE Mar 2019	188	−12.2%	Cons. · Japanese GAAP
FYE Mar 2020	160	−14.8%	Cons. · Japanese GAAP
FYE Mar 2021	199	+24.3%	Cons. · Japanese GAAP
FYE Mar 2022	259	+30.2%	Cons. · Japanese GAAP
FYE Mar 2023	246	−4.8%	Cons. · Japanese GAAP
FYE Mar 2024	229	−7.0%	Cons. · Japanese GAAP
FYE Mar 2025	224	−2.4%	Cons. · Japanese GAAP
FYE Mar 2026	258	+15.5%	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 -¥1.2bn

Average · 10 yrs ¥59bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	90.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	39.6	−56.3%	Cons. · Japanese GAAP
FYE Mar 2019	72.1	+81.9%	Cons. · Japanese GAAP
FYE Mar 2020	83.8	+16.3%	Cons. · Japanese GAAP
FYE Mar 2021	73.7	−12.1%	Cons. · Japanese GAAP
FYE Mar 2022	93.0	+26.1%	Cons. · Japanese GAAP
FYE Mar 2023	25.0	−73.1%	Cons. · Japanese GAAP
FYE Mar 2024	77.8	+210.9%	Cons. · Japanese GAAP
FYE Mar 2025	39.1	−49.7%	Cons. · Japanese GAAP
FYE Mar 2026	-1.2	−103.1%	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 2.0%

Average · 10 yrs 5.4%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	8.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.0	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2019	4.5	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	6.4	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2021	6.6	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	7.1	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	5.0	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2024	5.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	4.6	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	2.0	−2.6pp	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 ¥74bn

CAGR · 10 yrs −7.2%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	146	n/a	Cons. · Japanese GAAP
FYE Mar 2018	108	−25.8%	Cons. · Japanese GAAP
FYE Mar 2019	95.5	−11.7%	Cons. · Japanese GAAP
FYE Mar 2020	77.2	−19.2%	Cons. · Japanese GAAP
FYE Mar 2021	115	+48.7%	Cons. · Japanese GAAP
FYE Mar 2022	175	+52.7%	Cons. · Japanese GAAP
FYE Mar 2023	178	+1.6%	Cons. · Japanese GAAP
FYE Mar 2024	161	−9.6%	Cons. · Japanese GAAP
FYE Mar 2025	170	+5.5%	Cons. · Japanese GAAP
FYE Mar 2026	74.2	−56.3%	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 ¥1.27tn

Change · 10 yrs +¥92bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	1,176	n/a
FYE Mar 2018	1,391	n/a
FYE Mar 2019	1,167	n/a
FYE Mar 2020	693	n/a
FYE Mar 2021	884	n/a
FYE Mar 2022	895	n/a
FYE Mar 2023	909	n/a
FYE Mar 2024	1,202	n/a
FYE Mar 2025	1,055	n/a
FYE Mar 2026	1,267	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 3,678¥

Change · 10 yrs −11,618¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	15,296	n/a
FYE Mar 2018	18,388	n/a
FYE Mar 2019	15,431	n/a
FYE Mar 2020	10,062	n/a
FYE Mar 2021	12,830	n/a
FYE Mar 2022	12,993	n/a
FYE Mar 2023	13,187	n/a
FYE Mar 2024	17,448	n/a
FYE Mar 2025	15,311	n/a
FYE Mar 2026	3,678	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 344,594,000shares

Change · 10 yrs +267,725,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	76,869,000	Parent
FYE Mar 2018	75,628,000	Parent
FYE Mar 2019	75,628,000	Parent
FYE Mar 2020	68,918,000	Parent
FYE Mar 2021	68,918,000	Parent
FYE Mar 2022	68,918,000	Parent
FYE Mar 2023	68,918,000	Parent
FYE Mar 2024	68,918,000	Parent
FYE Mar 2025	68,918,000	Parent
FYE Mar 2026	344,594,000	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 299.01¥

Change · 10 yrs −773.63¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	1,072.64	Cons.
FYE Mar 2018	1,165.29	Cons.
FYE Mar 2019	1,212.20	Cons.
FYE Mar 2020	1,306.71	Cons.
FYE Mar 2021	909.31	Cons.
FYE Mar 2022	204.29	Cons.
FYE Mar 2023	206.21	Cons.
FYE Mar 2024	222.12	Cons.
FYE Mar 2025	285.66	Cons.
FYE Mar 2026	299.01	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 1,440.39¥

Change · 10 yrs −2,113.22¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	3,553.62	Cons. · Japanese GAAP
FYE Mar 2018	3,893.31	Cons. · Japanese GAAP
FYE Mar 2019	3,958.97	Cons. · Japanese GAAP
FYE Mar 2020	4,106.33	Cons. · Japanese GAAP
FYE Mar 2021	4,412.81	Cons. · Japanese GAAP
FYE Mar 2022	5,249.43	Cons. · Japanese GAAP
FYE Mar 2023	5,826.20	Cons. · Japanese GAAP
FYE Mar 2024	5,842.76	Cons. · Japanese GAAP
FYE Mar 2025	6,768.14	Cons. · Japanese GAAP
FYE Mar 2026	1,440.39	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 12.30×

Average · 10 yrs 12.88×

Fiscal year	PER ×	Basis
FYE Mar 2017	14.26	Cons.
FYE Mar 2018	15.78	Cons.
FYE Mar 2019	12.73	Cons.
FYE Mar 2020	7.70	Cons.
FYE Mar 2021	14.11	Cons.
FYE Mar 2022	12.72	Cons.
FYE Mar 2023	12.79	Cons.
FYE Mar 2024	15.71	Cons.
FYE Mar 2025	10.72	Cons.
FYE Mar 2026	12.30	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 2.40×

Average · 10 yrs 2.97×

Fiscal year	PBR ×	Basis
FYE Mar 2017	4.21	Cons.
FYE Mar 2018	4.59	Cons.
FYE Mar 2019	3.68	Cons.
FYE Mar 2020	2.40	Cons.
FYE Mar 2021	2.81	Cons.
FYE Mar 2022	2.42	Cons.
FYE Mar 2023	2.22	Cons.
FYE Mar 2024	2.81	Cons.
FYE Mar 2025	2.16	Cons.
FYE Mar 2026	2.40	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 19,326people

Change · 10 yrs +3,272 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	16,054	n/a	Cons.
FYE Mar 2018	17,161	+6.9%	Cons.
FYE Mar 2019	17,646	+2.8%	Cons.
FYE Mar 2020	17,757	+0.6%	Cons.
FYE Mar 2021	17,422	−1.9%	Cons.
FYE Mar 2022	17,650	+1.3%	Cons.
FYE Mar 2023	17,851	+1.1%	Cons.
FYE Mar 2024	18,239	+2.2%	Cons.
FYE Mar 2025	18,814	+3.2%	Cons.
FYE Mar 2026	19,326	+2.7%	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 8,400people

Change · 10 yrs −1,950 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	10,350	n/a	Parent
FYE Mar 2018	9,102	−12.1%	Parent
FYE Mar 2019	9,203	+1.1%	Parent
FYE Mar 2020	8,939	−2.9%	Parent
FYE Mar 2021	8,345	−6.6%	Parent
FYE Mar 2022	8,203	−1.7%	Parent
FYE Mar 2023	8,128	−0.9%	Parent
FYE Mar 2024	8,172	+0.5%	Parent
FYE Mar 2025	8,299	+1.6%	Parent
FYE Mar 2026	8,400	+1.2%	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 ¥9.7m

Change · 8 yrs +¥0.9m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	8.7	n/a	Parent
FYE Mar 2020	8.5	−2.3%	Parent
FYE Mar 2021	7.8	−7.9%	Parent
FYE Mar 2022	8.3	+5.7%	Parent
FYE Mar 2023	8.5	+2.5%	Parent
FYE Mar 2024	8.4	−1.3%	Parent
FYE Mar 2025	9.2	+9.5%	Parent
FYE Mar 2026	9.7	+5.2%	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 44.0years

Change · 8 yrs +2.0 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	42.1	n/a	Parent
FYE Mar 2020	42.9	+2.0%	Parent
FYE Mar 2021	43.5	+1.4%	Parent
FYE Mar 2022	43.7	+0.3%	Parent
FYE Mar 2023	43.9	+0.5%	Parent
FYE Mar 2024	44.1	+0.5%	Parent
FYE Mar 2025	43.3	−1.7%	Parent
FYE Mar 2026	44.0	+1.6%	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 11.6years

Change · 8 yrs +3.1 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	8.5	n/a	Parent
FYE Mar 2020	9.0	+5.6%	Parent
FYE Mar 2021	9.9	+10.1%	Parent
FYE Mar 2022	10.4	+4.7%	Parent
FYE Mar 2023	10.7	+3.3%	Parent
FYE Mar 2024	11.0	+3.1%	Parent
FYE Mar 2025	11.1	+0.4%	Parent
FYE Mar 2026	11.6	+4.4%	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 4,330people

Change · 10 yrs +828 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	3,502	n/a	n/a
FYE Mar 2018	3,673	+4.9%	n/a
FYE Mar 2019	4,108	+11.8%	n/a
FYE Mar 2020	4,159	+1.2%	n/a
FYE Mar 2021	4,127	−0.8%	n/a
FYE Mar 2022	4,135	+0.2%	n/a
FYE Mar 2023	4,159	+0.6%	n/a
FYE Mar 2024	4,097	−1.5%	n/a
FYE Mar 2025	4,211	+2.8%	n/a
FYE Mar 2026	4,330	+2.8%	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 ¥103m

Change · 10 yrs +¥9.4m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	93.3	n/a	Cons.
FYE Mar 2018	90.7	−2.7%	Cons.
FYE Mar 2019	90.2	−0.6%	Cons.
FYE Mar 2020	89.3	−0.9%	Cons.
FYE Mar 2021	85.5	−4.3%	Cons.
FYE Mar 2022	89.7	+4.9%	Cons.
FYE Mar 2023	92.9	+3.5%	Cons.
FYE Mar 2024	94.9	+2.2%	Cons.
FYE Mar 2025	97.9	+3.2%	Cons.
FYE Mar 2026	103	+4.9%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥7.0m

Change · 10 yrs −¥0.5m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	7.5	n/a	Cons.
FYE Mar 2018	7.4	−1.6%	Cons.
FYE Mar 2019	7.2	−2.2%	Cons.
FYE Mar 2020	7.2	+0.1%	Cons.
FYE Mar 2021	5.0	−30.9%	Cons.
FYE Mar 2022	5.6	+13.3%	Cons.
FYE Mar 2023	5.6	−0.7%	Cons.
FYE Mar 2024	5.7	+2.6%	Cons.
FYE Mar 2025	6.3	+9.9%	Cons.
FYE Mar 2026	7.0	+10.8%	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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