Financials

Daiwa House Industry: FYE Mar 2026 and ten years of results (51 metrics)

FYE Mar 2026 · Revenue¥5.58tnYoY +2.6%

FYE Mar 2026 · Operating profit¥615bnYoY +12.6%

FYE Mar 2026 · Net profit¥351bnYoY +7.8%

FYE Mar 2026 · Equity ratio34.4%YoY −2.7pp

FYE Mar 2026 · Group employees55,712YoY +5,322

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥3.51tn	n/a	¥310bn	n/a	8.8%	¥202bn	Ono Naotake	—
FYE Mar 2018Consolidated	¥3.80tn	+8.1%	¥347bn	+11.9%	9.1%	¥236bn	Ono Naotake	Stanley-Martin Communities made a subsidiary
FYE Mar 2019Consolidated	¥4.14tn	+9.2%	¥372bn	+7.2%	9.0%	¥237bn	Yoshii Keiichi	—
FYE Mar 2020Consolidated	¥4.38tn	+5.7%	¥381bn	+2.4%	8.7%	¥234bn	Yoshii Keiichi	Governance reinforcement measures adopted
FYE Mar 2021Consolidated	¥4.13tn	−5.8%	¥357bn	−6.3%	8.7%	¥195bn	Yoshii Keiichi	—
FYE Mar 2022Consolidated	¥4.44tn	+7.6%	¥383bn	+7.3%	8.6%	¥225bn	Yoshii Keiichi	Full operation of the business-headquarters system begins
FYE Mar 2023Consolidated	¥4.91tn	+10.6%	¥465bn	+21.4%	9.5%	¥308bn	Yoshii Keiichi	—
FYE Mar 2024Consolidated	¥5.20tn	+6.0%	¥440bn	−5.4%	8.5%	¥299bn	Yoshii Keiichi	Daiwa Resort sold; exit from the resort-hotel business
FYE Mar 2025Consolidated	¥5.43tn	+4.5%	¥546bn	+24.1%	10.1%	¥325bn	Yoshii Keiichi	Alliance Residential added as an equity-method affiliate
FYE Mar 2026Consolidated	¥5.58tn	+2.6%	¥615bn	+12.6%	11.0%	¥351bn	Yoshii Keiichi	IES Holdings and Sumitomo Densetsu acquired to build up data centres

How it compares

Daiwa House Industry¥5.58tnFY2025Operating margin 11.0%

Sekisui House¥4.20tnFY2025Operating margin 8.1%Sumitomo Forestry¥2.27tnFY2025Operating margin 7.4%Tama Home¥198bnFY2026Operating margin 1.9%

Eidai Co., Ltd.¥74bnFY2025Operating margin 1.0%

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 ¥5.58tn

CAGR · 10 yrs +5.3%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	3,513	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3,796	+8.1%	Cons. · Japanese GAAP
FYE Mar 2019	4,144	+9.2%	Cons. · Japanese GAAP
FYE Mar 2020	4,380	+5.7%	Cons. · Japanese GAAP
FYE Mar 2021	4,127	−5.8%	Cons. · Japanese GAAP
FYE Mar 2022	4,440	+7.6%	Cons. · Japanese GAAP
FYE Mar 2023	4,908	+10.6%	Cons. · Japanese GAAP
FYE Mar 2024	5,203	+6.0%	Cons. · Japanese GAAP
FYE Mar 2025	5,435	+4.5%	Cons. · Japanese GAAP
FYE Mar 2026	5,577	+2.6%	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 ¥4.34tn

CAGR · 10 yrs +5.0%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	2,792	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3,002	+7.5%	Cons. · Japanese GAAP
FYE Mar 2019	3,301	+9.9%	Cons. · Japanese GAAP
FYE Mar 2020	3,510	+6.3%	Cons. · Japanese GAAP
FYE Mar 2021	3,300	−6.0%	Cons. · Japanese GAAP
FYE Mar 2022	3,575	+8.3%	Cons. · Japanese GAAP
FYE Mar 2023	3,953	+10.6%	Cons. · Japanese GAAP
FYE Mar 2024	4,211	+6.5%	Cons. · Japanese GAAP
FYE Mar 2025	4,334	+2.9%	Cons. · Japanese GAAP
FYE Mar 2026	4,335	−0.0%	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 ¥1.24tn

CAGR · 10 yrs +6.2%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	721	n/a	Cons. · Japanese GAAP
FYE Mar 2018	794	+10.1%	Cons. · Japanese GAAP
FYE Mar 2019	843	+6.2%	Cons. · Japanese GAAP
FYE Mar 2020	870	+3.3%	Cons. · Japanese GAAP
FYE Mar 2021	827	−5.0%	Cons. · Japanese GAAP
FYE Mar 2022	865	+4.6%	Cons. · Japanese GAAP
FYE Mar 2023	955	+10.5%	Cons. · Japanese GAAP
FYE Mar 2024	992	+3.9%	Cons. · Japanese GAAP
FYE Mar 2025	1,101	+10.9%	Cons. · Japanese GAAP
FYE Mar 2026	1,242	+12.8%	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 ¥627bn

CAGR · 10 yrs +4.8%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	411	n/a	Cons. · Japanese GAAP
FYE Mar 2018	447	+8.6%	Cons. · Japanese GAAP
FYE Mar 2019	471	+5.3%	Cons. · Japanese GAAP
FYE Mar 2020	489	+3.9%	Cons. · Japanese GAAP
FYE Mar 2021	470	−4.0%	Cons. · Japanese GAAP
FYE Mar 2022	481	+2.5%	Cons. · Japanese GAAP
FYE Mar 2023	490	+1.7%	Cons. · Japanese GAAP
FYE Mar 2024	552	+12.7%	Cons. · Japanese GAAP
FYE Mar 2025	555	+0.5%	Cons. · Japanese GAAP
FYE Mar 2026	627	+13.0%	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 ¥615bn

CAGR · 10 yrs +7.9%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	310	n/a	Cons. · Japanese GAAP
FYE Mar 2018	347	+11.9%	Cons. · Japanese GAAP
FYE Mar 2019	372	+7.2%	Cons. · Japanese GAAP
FYE Mar 2020	381	+2.4%	Cons. · Japanese GAAP
FYE Mar 2021	357	−6.3%	Cons. · Japanese GAAP
FYE Mar 2022	383	+7.3%	Cons. · Japanese GAAP
FYE Mar 2023	465	+21.4%	Cons. · Japanese GAAP
FYE Mar 2024	440	−5.4%	Cons. · Japanese GAAP
FYE Mar 2025	546	+24.1%	Cons. · Japanese GAAP
FYE Mar 2026	615	+12.6%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥29bn

CAGR · 10 yrs +9.1%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	13.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.6	+10.4%	Cons. · Japanese GAAP
FYE Mar 2019	16.0	+9.7%	Cons. · Japanese GAAP
FYE Mar 2020	16.7	+4.3%	Cons. · Japanese GAAP
FYE Mar 2021	20.4	+21.8%	Cons. · Japanese GAAP
FYE Mar 2022	26.3	+28.9%	Cons. · Japanese GAAP
FYE Mar 2023	21.1	−19.8%	Cons. · Japanese GAAP
FYE Mar 2024	31.1	+47.6%	Cons. · Japanese GAAP
FYE Mar 2025	27.4	−11.9%	Cons. · Japanese GAAP
FYE Mar 2026	28.9	+5.7%	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 ¥72bn

CAGR · 10 yrs +13.6%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	22.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.2	−24.7%	Cons. · Japanese GAAP
FYE Mar 2019	28.8	+67.5%	Cons. · Japanese GAAP
FYE Mar 2020	30.2	+4.8%	Cons. · Japanese GAAP
FYE Mar 2021	39.7	+31.5%	Cons. · Japanese GAAP
FYE Mar 2022	33.3	−16.1%	Cons. · Japanese GAAP
FYE Mar 2023	30.4	−8.6%	Cons. · Japanese GAAP
FYE Mar 2024	43.7	+43.8%	Cons. · Japanese GAAP
FYE Mar 2025	57.7	+31.8%	Cons. · Japanese GAAP
FYE Mar 2026	71.8	+24.6%	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 ¥572bn

CAGR · 10 yrs +7.4%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	301	n/a	Cons. · Japanese GAAP
FYE Mar 2018	345	+14.7%	Cons. · Japanese GAAP
FYE Mar 2019	359	+4.3%	Cons. · Japanese GAAP
FYE Mar 2020	368	+2.3%	Cons. · Japanese GAAP
FYE Mar 2021	338	−8.1%	Cons. · Japanese GAAP
FYE Mar 2022	376	+11.4%	Cons. · Japanese GAAP
FYE Mar 2023	456	+21.2%	Cons. · Japanese GAAP
FYE Mar 2024	428	−6.2%	Cons. · Japanese GAAP
FYE Mar 2025	516	+20.7%	Cons. · Japanese GAAP
FYE Mar 2026	572	+10.9%	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 ¥6.3bn

CAGR · 10 yrs +15.0%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	1.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.4	+761.4%	Cons. · Japanese GAAP
FYE Mar 2019	5.0	−67.2%	Cons. · Japanese GAAP
FYE Mar 2020	3.3	−34.7%	Cons. · Japanese GAAP
FYE Mar 2021	4.7	+42.2%	Cons. · Japanese GAAP
FYE Mar 2022	8.9	+90.3%	Cons. · Japanese GAAP
FYE Mar 2023	10.0	+12.8%	Cons. · Japanese GAAP
FYE Mar 2024	49.0	+388.9%	Cons. · Japanese GAAP
FYE Mar 2025	16.9	−65.6%	Cons. · Japanese GAAP
FYE Mar 2026	6.3	−62.7%	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 ¥351bn

CAGR · 10 yrs +6.3%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	202	n/a	Cons. · Japanese GAAP
FYE Mar 2018	236	+17.2%	Cons. · Japanese GAAP
FYE Mar 2019	237	+0.5%	Cons. · Japanese GAAP
FYE Mar 2020	234	−1.6%	Cons. · Japanese GAAP
FYE Mar 2021	195	−16.5%	Cons. · Japanese GAAP
FYE Mar 2022	225	+15.5%	Cons. · Japanese GAAP
FYE Mar 2023	308	+36.9%	Cons. · Japanese GAAP
FYE Mar 2024	299	−3.1%	Cons. · Japanese GAAP
FYE Mar 2025	325	+8.8%	Cons. · Japanese GAAP
FYE Mar 2026	351	+7.8%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 22.3%

Average · 10 yrs 20.2%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	20.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	20.3	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	19.9	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	20.0	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	19.5	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	19.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	19.1	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	20.3	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	22.3	+2.0pp	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 11.0%

Average · 10 yrs 9.2%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	8.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	9.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	8.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	8.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	8.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2023	9.5	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	8.5	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2025	10.1	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2026	11.0	+1.0pp	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 10.3%

Average · 10 yrs 8.9%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	8.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.1	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	8.7	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	8.4	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	8.2	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	8.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	9.3	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	8.2	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	9.5	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2026	10.3	+0.8pp	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 6.3%

Average · 10 yrs 5.7%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	5.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	5.7	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	5.3	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	4.7	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	5.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	6.3	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	5.7	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	6.0	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	6.3	+0.3pp	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 77.7%

Average · 10 yrs 79.8%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	79.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	79.1	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	79.7	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	80.1	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	80.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	80.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	80.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	80.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	79.7	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	77.7	−2.0pp	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 11.2%

Average · 10 yrs 11.0%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	11.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.8	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	11.4	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	11.2	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	11.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	10.8	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	10.0	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	10.6	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	10.2	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	11.2	+1.0pp	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 ¥8.41tn

CAGR · 10 yrs +10.0%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	3,556	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4,035	+13.5%	Cons. · Japanese GAAP
FYE Mar 2019	4,334	+7.4%	Cons. · Japanese GAAP
FYE Mar 2020	4,627	+6.8%	Cons. · Japanese GAAP
FYE Mar 2021	5,053	+9.2%	Cons. · Japanese GAAP
FYE Mar 2022	5,522	+9.3%	Cons. · Japanese GAAP
FYE Mar 2023	6,142	+11.2%	Cons. · Japanese GAAP
FYE Mar 2024	6,534	+6.4%	Cons. · Japanese GAAP
FYE Mar 2025	7,049	+7.9%	Cons. · Japanese GAAP
FYE Mar 2026	8,412	+19.3%	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 ¥2.90tn

CAGR · 10 yrs +9.2%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	1,308	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,475	+12.7%	Cons. · Japanese GAAP
FYE Mar 2019	1,596	+8.2%	Cons. · Japanese GAAP
FYE Mar 2020	1,727	+8.2%	Cons. · Japanese GAAP
FYE Mar 2021	1,835	+6.3%	Cons. · Japanese GAAP
FYE Mar 2022	2,020	+10.1%	Cons. · Japanese GAAP
FYE Mar 2023	2,284	+13.1%	Cons. · Japanese GAAP
FYE Mar 2024	2,438	+6.7%	Cons. · Japanese GAAP
FYE Mar 2025	2,614	+7.2%	Cons. · Japanese GAAP
FYE Mar 2026	2,897	+10.8%	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 ¥1.96tn

CAGR · 10 yrs +20.3%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	371	n/a	Cons. · Japanese GAAP
FYE Mar 2018	412	+10.9%	Cons. · Japanese GAAP
FYE Mar 2019	448	+8.9%	Cons. · Japanese GAAP
FYE Mar 2020	584	+30.3%	Cons. · Japanese GAAP
FYE Mar 2021	802	+37.3%	Cons. · Japanese GAAP
FYE Mar 2022	910	+13.4%	Cons. · Japanese GAAP
FYE Mar 2023	1,079	+18.5%	Cons. · Japanese GAAP
FYE Mar 2024	1,111	+3.0%	Cons. · Japanese GAAP
FYE Mar 2025	1,205	+8.4%	Cons. · Japanese GAAP
FYE Mar 2026	1,964	+63.0%	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 ¥758bn

CAGR · 10 yrs +28.6%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	78.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	93.8	+18.9%	Cons. · Japanese GAAP
FYE Mar 2019	97.6	+4.0%	Cons. · Japanese GAAP
FYE Mar 2020	160	+63.4%	Cons. · Japanese GAAP
FYE Mar 2021	125	−21.9%	Cons. · Japanese GAAP
FYE Mar 2022	151	+21.5%	Cons. · Japanese GAAP
FYE Mar 2023	133	−12.1%	Cons. · Japanese GAAP
FYE Mar 2024	122	−8.1%	Cons. · Japanese GAAP
FYE Mar 2025	170	+39.3%	Cons. · Japanese GAAP
FYE Mar 2026	758	+345.1%	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 ¥1.21tn

CAGR · 10 yrs +14.3%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	362	n/a	Cons. · Japanese GAAP
FYE Mar 2018	379	+4.9%	Cons. · Japanese GAAP
FYE Mar 2019	391	+3.1%	Cons. · Japanese GAAP
FYE Mar 2020	539	+37.9%	Cons. · Japanese GAAP
FYE Mar 2021	724	+34.3%	Cons. · Japanese GAAP
FYE Mar 2022	838	+15.7%	Cons. · Japanese GAAP
FYE Mar 2023	1,105	+31.8%	Cons. · Japanese GAAP
FYE Mar 2024	1,107	+0.2%	Cons. · Japanese GAAP
FYE Mar 2025	1,320	+19.3%	Cons. · Japanese GAAP
FYE Mar 2026	1,206	−8.6%	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

CAGR · 9 yrs +19.3%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	200	n/a	Cons. · Japanese GAAP
FYE Mar 2018	307	+53.7%	Cons. · Japanese GAAP
FYE Mar 2019	287	−6.7%	Cons. · Japanese GAAP
FYE Mar 2020	342	+19.2%	Cons. · Japanese GAAP
FYE Mar 2021	423	+23.7%	Cons. · Japanese GAAP
FYE Mar 2022	433	+2.4%	Cons. · Japanese GAAP
FYE Mar 2023	609	+40.6%	Cons. · Japanese GAAP
FYE Mar 2024	859	+41.1%	Cons. · Japanese GAAP
FYE Mar 2025	819	−4.7%	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 ¥383bn

CAGR · 10 yrs +17.9%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	87.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	104	+19.3%	Cons. · Japanese GAAP
FYE Mar 2019	125	+20.1%	Cons. · Japanese GAAP
FYE Mar 2020	118	−5.2%	Cons. · Japanese GAAP
FYE Mar 2021	136	+14.8%	Cons. · Japanese GAAP
FYE Mar 2022	171	+26.0%	Cons. · Japanese GAAP
FYE Mar 2023	194	+13.3%	Cons. · Japanese GAAP
FYE Mar 2024	204	+5.1%	Cons. · Japanese GAAP
FYE Mar 2025	205	+0.7%	Cons. · Japanese GAAP
FYE Mar 2026	383	+86.6%	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 ¥160bn

CAGR · 10 yrs +13.1%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	52.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	60.9	+15.2%	Cons. · Japanese GAAP
FYE Mar 2019	72.9	+19.7%	Cons. · Japanese GAAP
FYE Mar 2020	63.5	−13.0%	Cons. · Japanese GAAP
FYE Mar 2021	74.0	+16.7%	Cons. · Japanese GAAP
FYE Mar 2022	93.9	+26.8%	Cons. · Japanese GAAP
FYE Mar 2023	94.5	+0.6%	Cons. · Japanese GAAP
FYE Mar 2024	95.4	+1.0%	Cons. · Japanese GAAP
FYE Mar 2025	94.7	−0.8%	Cons. · Japanese GAAP
FYE Mar 2026	160	+68.9%	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 34.4%

Average · 10 yrs 36.6%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	36.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.5	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	36.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	37.3	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	36.3	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	36.6	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	37.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	37.3	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	37.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	34.4	−2.7pp	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 67.8%

Average · 10 yrs 41.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	28.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.9	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	28.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	33.8	+5.7pp	Cons. · Japanese GAAP
FYE Mar 2021	43.7	+9.9pp	Cons. · Japanese GAAP
FYE Mar 2022	45.0	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2023	47.2	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2024	45.6	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2025	46.1	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	67.8	+21.7pp	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 12.1%

Average · 10 yrs 13.2%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	15.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	14.9	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	13.5	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	10.6	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2022	11.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	13.5	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2024	12.3	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	12.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	12.1	−0.3pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 4.2%

Average · 10 yrs 4.8%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	5.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.9	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	5.5	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	5.0	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	3.9	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2022	4.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	5.0	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	4.6	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	4.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	4.2	−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 0.66×

CAGR · 10 yrs −4.3%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.99	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.94	−4.8%	Cons. · Japanese GAAP
FYE Mar 2019	0.96	+1.6%	Cons. · Japanese GAAP
FYE Mar 2020	0.95	−1.0%	Cons. · Japanese GAAP
FYE Mar 2021	0.82	−13.7%	Cons. · Japanese GAAP
FYE Mar 2022	0.80	−1.6%	Cons. · Japanese GAAP
FYE Mar 2023	0.80	−0.6%	Cons. · Japanese GAAP
FYE Mar 2024	0.80	−0.3%	Cons. · Japanese GAAP
FYE Mar 2025	0.77	−3.2%	Cons. · Japanese GAAP
FYE Mar 2026	0.66	−14.0%	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 ¥189bn

CAGR · 10 yrs −4.5%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	288	n/a	Cons. · Japanese GAAP
FYE Mar 2018	382	+32.9%	Cons. · Japanese GAAP
FYE Mar 2019	356	−7.0%	Cons. · Japanese GAAP
FYE Mar 2020	150	−57.9%	Cons. · Japanese GAAP
FYE Mar 2021	430	+187.5%	Cons. · Japanese GAAP
FYE Mar 2022	336	−21.8%	Cons. · Japanese GAAP
FYE Mar 2023	230	−31.5%	Cons. · Japanese GAAP
FYE Mar 2024	302	+31.3%	Cons. · Japanese GAAP
FYE Mar 2025	421	+39.1%	Cons. · Japanese GAAP
FYE Mar 2026	189	−55.0%	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 -¥726bn

Average · 10 yrs -¥418bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-344	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-314	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-314	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-317	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-390	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-467	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-505	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-310	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-493	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-726	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 ¥631bn

CAGR · 10 yrs +25.8%

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	80.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	41.8	−47.8%	Cons. · Japanese GAAP
FYE Mar 2019	-87.0	−308.1%	Cons. · Japanese GAAP
FYE Mar 2020	169	n/a	Cons. · Japanese GAAP
FYE Mar 2021	103	−39.3%	Cons. · Japanese GAAP
FYE Mar 2022	24.4	−76.2%	Cons. · Japanese GAAP
FYE Mar 2023	287	+1076.8%	Cons. · Japanese GAAP
FYE Mar 2024	97.4	−66.1%	Cons. · Japanese GAAP
FYE Mar 2025	-44.7	−145.9%	Cons. · Japanese GAAP
FYE Mar 2026	631	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 ¥425bn

CAGR · 10 yrs +7.9%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	213	n/a	Cons. · Japanese GAAP
FYE Mar 2018	326	+52.9%	Cons. · Japanese GAAP
FYE Mar 2019	276	−15.3%	Cons. · Japanese GAAP
FYE Mar 2020	276	−0.1%	Cons. · Japanese GAAP
FYE Mar 2021	416	+50.8%	Cons. · Japanese GAAP
FYE Mar 2022	326	−21.6%	Cons. · Japanese GAAP
FYE Mar 2023	346	+6.1%	Cons. · Japanese GAAP
FYE Mar 2024	440	+27.0%	Cons. · Japanese GAAP
FYE Mar 2025	327	−25.6%	Cons. · Japanese GAAP
FYE Mar 2026	425	+29.9%	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 -¥537bn

Average · 10 yrs -¥110bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	-56.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	68.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	41.6	−39.4%	Cons. · Japanese GAAP
FYE Mar 2020	-168	−502.8%	Cons. · Japanese GAAP
FYE Mar 2021	40.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-131	−424.8%	Cons. · Japanese GAAP
FYE Mar 2023	-275	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-8.1	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-72.8	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-537	n/a	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 3.4%

Average · 10 yrs 7.0%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	8.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.1	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2019	8.6	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2020	3.4	−5.2pp	Cons. · Japanese GAAP
FYE Mar 2021	10.4	+7.0pp	Cons. · Japanese GAAP
FYE Mar 2022	7.6	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2023	4.7	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2024	5.8	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	7.7	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2026	3.4	−4.3pp	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 -¥1.54tn

Average · 10 yrs -¥551bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-158	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-85.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-172	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-308	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-386	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-584	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-732	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-672	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-878	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-1,539	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 ¥3.24tn

Change · 10 yrs +¥1.11tn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	2,130	n/a
FYE Mar 2018	2,731	n/a
FYE Mar 2019	2,345	n/a
FYE Mar 2020	1,784	n/a
FYE Mar 2021	2,160	n/a
FYE Mar 2022	2,133	n/a
FYE Mar 2023	2,075	n/a
FYE Mar 2024	2,984	n/a
FYE Mar 2025	3,258	n/a
FYE Mar 2026	3,243	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 4,917¥

Change · 10 yrs +1,720¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	3,197	n/a
FYE Mar 2018	4,100	n/a
FYE Mar 2019	3,519	n/a
FYE Mar 2020	2,678	n/a
FYE Mar 2021	3,242	n/a
FYE Mar 2022	3,201	n/a
FYE Mar 2023	3,115	n/a
FYE Mar 2024	4,526	n/a
FYE Mar 2025	4,940	n/a
FYE Mar 2026	4,917	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 659,636,000shares

Change · 10 yrs −6,602,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	666,238,000	Parent
FYE Mar 2018	666,238,000	Parent
FYE Mar 2019	666,238,000	Parent
FYE Mar 2020	666,238,000	Parent
FYE Mar 2021	666,238,000	Parent
FYE Mar 2022	666,238,000	Parent
FYE Mar 2023	666,290,000	Parent
FYE Mar 2024	659,351,000	Parent
FYE Mar 2025	659,478,000	Parent
FYE Mar 2026	659,636,000	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 566.47¥

Change · 10 yrs +262.33¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	304.14	Cons.
FYE Mar 2018	355.87	Cons.
FYE Mar 2019	357.29	Cons.
FYE Mar 2020	351.84	Cons.
FYE Mar 2021	297.18	Cons.
FYE Mar 2022	343.82	Cons.
FYE Mar 2023	469.12	Cons.
FYE Mar 2024	457.16	Cons.
FYE Mar 2025	514.00	Cons.
FYE Mar 2026	566.47	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 4,391.43¥

Change · 10 yrs +2,427.56¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,963.87	Cons. · Japanese GAAP
FYE Mar 2018	2,213.41	Cons. · Japanese GAAP
FYE Mar 2019	2,395.70	Cons. · Japanese GAAP
FYE Mar 2020	2,592.31	Cons. · Japanese GAAP
FYE Mar 2021	2,754.70	Cons. · Japanese GAAP
FYE Mar 2022	3,032.19	Cons. · Japanese GAAP
FYE Mar 2023	3,428.26	Cons. · Japanese GAAP
FYE Mar 2024	3,697.37	Cons. · Japanese GAAP
FYE Mar 2025	3,964.10	Cons. · Japanese GAAP
FYE Mar 2026	4,391.43	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 8.68×

Average · 10 yrs 9.45×

Fiscal year	PER ×	Basis
FYE Mar 2017	10.51	Cons.
FYE Mar 2018	11.52	Cons.
FYE Mar 2019	9.85	Cons.
FYE Mar 2020	7.61	Cons.
FYE Mar 2021	10.91	Cons.
FYE Mar 2022	9.31	Cons.
FYE Mar 2023	6.64	Cons.
FYE Mar 2024	9.90	Cons.
FYE Mar 2025	9.61	Cons.
FYE Mar 2026	8.68	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 1.05×

Average · 10 yrs 1.25×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.62	Cons.
FYE Mar 2018	1.85	Cons.
FYE Mar 2019	1.46	Cons.
FYE Mar 2020	1.03	Cons.
FYE Mar 2021	1.16	Cons.
FYE Mar 2022	1.04	Cons.
FYE Mar 2023	0.90	Cons.
FYE Mar 2024	1.19	Cons.
FYE Mar 2025	1.17	Cons.
FYE Mar 2026	1.05	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 55,712people

Change · 10 yrs +15,942 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	39,770	n/a	Cons.
FYE Mar 2018	42,460	+6.8%	Cons.
FYE Mar 2019	44,947	+5.9%	Cons.
FYE Mar 2020	47,133	+4.9%	Cons.
FYE Mar 2021	48,807	+3.6%	Cons.
FYE Mar 2022	48,831	−0.0%	Cons.
FYE Mar 2023	49,768	+1.9%	Cons.
FYE Mar 2024	48,483	−2.6%	Cons.
FYE Mar 2025	50,390	+3.9%	Cons.
FYE Mar 2026	55,712	+10.6%	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 16,508people

Change · 10 yrs +1,514 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	14,994	n/a	Parent
FYE Mar 2018	15,438	+3.0%	Parent
FYE Mar 2019	15,901	+3.0%	Parent
FYE Mar 2020	16,262	+2.3%	Parent
FYE Mar 2021	16,417	+1.0%	Parent
FYE Mar 2022	16,147	−1.6%	Parent
FYE Mar 2023	16,093	−0.3%	Parent
FYE Mar 2024	16,135	+0.3%	Parent
FYE Mar 2025	16,192	+0.4%	Parent
FYE Mar 2026	16,508	+2.0%	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 Mar 2026 ¥11.0m

Change · 10 yrs +¥2.2m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	8.8	n/a	Parent
FYE Mar 2018	8.9	+1.7%	Parent
FYE Mar 2019	9.1	+1.5%	Parent
FYE Mar 2020	9.2	+1.2%	Parent
FYE Mar 2021	8.7	−5.5%	Parent
FYE Mar 2022	8.8	+1.9%	Parent
FYE Mar 2023	9.3	+5.0%	Parent
FYE Mar 2024	9.6	+3.9%	Parent
FYE Mar 2025	9.9	+2.8%	Parent
FYE Mar 2026	11.0	+11.0%	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 40.7years

Change · 8 yrs +1.9 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	38.8	n/a	Parent
FYE Mar 2020	38.9	+0.3%	Parent
FYE Mar 2021	39.1	+0.5%	Parent
FYE Mar 2022	39.7	+1.5%	Parent
FYE Mar 2023	40.1	+1.0%	Parent
FYE Mar 2024	40.4	+0.7%	Parent
FYE Mar 2025	40.6	+0.5%	Parent
FYE Mar 2026	40.7	+0.2%	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 15.7years

Change · 10 yrs +1.6 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	14.1	n/a	Parent
FYE Mar 2018	14.1	−0.0%	Parent
FYE Mar 2019	14.1	−0.0%	Parent
FYE Mar 2020	14.2	+0.7%	Parent
FYE Mar 2021	14.4	+1.4%	Parent
FYE Mar 2022	15.0	+4.2%	Parent
FYE Mar 2023	15.4	+2.7%	Parent
FYE Mar 2024	15.5	+0.6%	Parent
FYE Mar 2025	15.6	+0.6%	Parent
FYE Mar 2026	15.7	+0.6%	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 23,928people

Change · 10 yrs +3,159 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	20,769	n/a	n/a
FYE Mar 2018	21,942	+5.6%	n/a
FYE Mar 2019	22,227	+1.3%	n/a
FYE Mar 2020	23,211	+4.4%	n/a
FYE Mar 2021	22,492	−3.1%	n/a
FYE Mar 2022	21,885	−2.7%	n/a
FYE Mar 2023	22,737	+3.9%	n/a
FYE Mar 2024	22,258	−2.1%	n/a
FYE Mar 2025	23,171	+4.1%	n/a
FYE Mar 2026	23,928	+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 ¥100m

Change · 10 yrs +¥11.8m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	88.3	n/a	Cons.
FYE Mar 2018	89.4	+1.2%	Cons.
FYE Mar 2019	92.2	+3.1%	Cons.
FYE Mar 2020	92.9	+0.8%	Cons.
FYE Mar 2021	84.6	−9.0%	Cons.
FYE Mar 2022	90.9	+7.5%	Cons.
FYE Mar 2023	98.6	+8.5%	Cons.
FYE Mar 2024	107	+8.8%	Cons.
FYE Mar 2025	108	+0.5%	Cons.
FYE Mar 2026	100	−7.2%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥11.0m

Change · 10 yrs +¥3.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	7.8	n/a	Cons.
FYE Mar 2018	8.2	+4.9%	Cons.
FYE Mar 2019	8.3	+1.3%	Cons.
FYE Mar 2020	8.1	−2.4%	Cons.
FYE Mar 2021	7.3	−9.5%	Cons.
FYE Mar 2022	7.8	+7.3%	Cons.
FYE Mar 2023	9.4	+19.1%	Cons.
FYE Mar 2024	9.1	−2.9%	Cons.
FYE Mar 2025	10.8	+19.4%	Cons.
FYE Mar 2026	11.0	+1.8%	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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