Financials

Sekisui House: FYE Jan 2026 and ten years of results (50 metrics)

FYE Jan 2026 · Revenue¥4.20tnYoY +3.4%

FYE Jan 2026 · Operating profit¥341bnYoY +3.0%

FYE Jan 2026 · Net profit¥232bnYoY +6.6%

FYE Jan 2026 · Equity ratio42.7%YoY +1.9pp

FYE Jan 2026 · Group employees32,186YoY −79

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Jan 2017Consolidated	¥2.03tn	n/a	¥184bn	n/a	9.1%	¥122bn	Abe Toshinori	Record operating profit of ¥184.1bn
FYE Jan 2018Consolidated	¥2.16tn	+6.5%	¥196bn	+6.2%	9.1%	¥133bn	Abe Toshinori	Woodside Homes acquired for <span class="en-history_money" data-yen="53300000000" data-year="2017">$475.2M (¥53bn)</span>; the <em>jimenshi</em> land fraud
FYE Jan 2019Consolidated	¥2.16tn	+0.0%	¥189bn	−3.2%	8.8%	¥129bn	Abe Toshinori	Boardroom clash over the fraud; Wada resigns, Abe becomes chairman
FYE Jan 2020Consolidated	¥2.42tn	+11.8%	¥205bn	+8.5%	8.5%	¥141bn	Nakai Yoshihiro	Konoike Gumi consolidated — a housebuilder buys a general contractor
FYE Jan 2021Consolidated	¥2.45tn	+1.3%	¥187bn	−9.1%	7.6%	¥124bn	Nakai Yoshihiro	—
FYE Jan 2022Consolidated	¥2.59tn	+5.8%	¥230bn	+23.4%	8.9%	¥154bn	Nakai Yoshihiro	—
FYE Jan 2023Consolidated	¥2.93tn	+13.1%	¥261bn	+13.6%	8.9%	¥185bn	Nakai Yoshihiro	Holt Homes (2021) and Chesmar Homes extend the US footprint
FYE Jan 2024Consolidated	¥3.11tn	+6.1%	¥271bn	+3.6%	8.7%	¥202bn	Nakai Yoshihiro	—
FYE Jan 2025Consolidated	¥4.06tn	+30.6%	¥331bn	+22.3%	8.2%	¥218bn	Nakai Yoshihiro	M.D.C. Holdings acquired for about <span class="en-history_money" data-yen="720000000000" data-year="2024">$4.8B (¥720bn)</span>
FYE Jan 2026Consolidated	¥4.20tn	+3.4%	¥341bn	+3.0%	8.1%	¥232bn	Nakai Yoshihiro	Four US builders unified as Sekisui House U.S.; group sales pass ¥4tn

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 Jan 2026 ¥4.20tn

CAGR · 10 yrs +8.4%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Jan 2017	2,027	n/a	Cons. · Japanese GAAP
FYE Jan 2018	2,159	+6.5%	Cons. · Japanese GAAP
FYE Jan 2019	2,160	−0.0%	Cons. · Japanese GAAP
FYE Jan 2020	2,415	+11.8%	Cons. · Japanese GAAP
FYE Jan 2021	2,447	+1.3%	Cons. · Japanese GAAP
FYE Jan 2022	2,590	+5.8%	Cons. · Japanese GAAP
FYE Jan 2023	2,929	+13.1%	Cons. · Japanese GAAP
FYE Jan 2024	3,107	+6.1%	Cons. · Japanese GAAP
FYE Jan 2025	4,059	+30.6%	Cons. · Japanese GAAP
FYE Jan 2026	4,198	+3.4%	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 Jan 2026 ¥3.36tn

CAGR · 10 yrs +8.5%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Jan 2017	1,609	n/a	Cons. · Japanese GAAP
FYE Jan 2018	1,714	+6.6%	Cons. · Japanese GAAP
FYE Jan 2019	1,716	+0.1%	Cons. · Japanese GAAP
FYE Jan 2020	1,937	+12.9%	Cons. · Japanese GAAP
FYE Jan 2021	1,973	+1.9%	Cons. · Japanese GAAP
FYE Jan 2022	2,061	+4.4%	Cons. · Japanese GAAP
FYE Jan 2023	2,345	+13.8%	Cons. · Japanese GAAP
FYE Jan 2024	2,483	+5.9%	Cons. · Japanese GAAP
FYE Jan 2025	3,273	+31.8%	Cons. · Japanese GAAP
FYE Jan 2026	3,358	+2.6%	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 Jan 2026 ¥840bn

CAGR · 10 yrs +8.1%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Jan 2017	418	n/a	Cons. · Japanese GAAP
FYE Jan 2018	445	+6.4%	Cons. · Japanese GAAP
FYE Jan 2019	445	−0.1%	Cons. · Japanese GAAP
FYE Jan 2020	478	+7.5%	Cons. · Japanese GAAP
FYE Jan 2021	474	−0.9%	Cons. · Japanese GAAP
FYE Jan 2022	529	+11.7%	Cons. · Japanese GAAP
FYE Jan 2023	584	+10.5%	Cons. · Japanese GAAP
FYE Jan 2024	624	+6.8%	Cons. · Japanese GAAP
FYE Jan 2025	786	+26.0%	Cons. · Japanese GAAP
FYE Jan 2026	840	+6.8%	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 Jan 2026 ¥498bn

CAGR · 10 yrs +8.8%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Jan 2017	234	n/a	Cons. · Japanese GAAP
FYE Jan 2018	250	+6.6%	Cons. · Japanese GAAP
FYE Jan 2019	255	+2.3%	Cons. · Japanese GAAP
FYE Jan 2020	273	+6.8%	Cons. · Japanese GAAP
FYE Jan 2021	287	+5.2%	Cons. · Japanese GAAP
FYE Jan 2022	299	+4.1%	Cons. · Japanese GAAP
FYE Jan 2023	323	+8.1%	Cons. · Japanese GAAP
FYE Jan 2024	353	+9.3%	Cons. · Japanese GAAP
FYE Jan 2025	455	+28.9%	Cons. · Japanese GAAP
FYE Jan 2026	498	+9.6%	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 Jan 2026 ¥341bn

CAGR · 10 yrs +7.1%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Jan 2017	184	n/a	Cons. · Japanese GAAP
FYE Jan 2018	196	+6.2%	Cons. · Japanese GAAP
FYE Jan 2019	189	−3.2%	Cons. · Japanese GAAP
FYE Jan 2020	205	+8.5%	Cons. · Japanese GAAP
FYE Jan 2021	187	−9.1%	Cons. · Japanese GAAP
FYE Jan 2022	230	+23.4%	Cons. · Japanese GAAP
FYE Jan 2023	261	+13.6%	Cons. · Japanese GAAP
FYE Jan 2024	271	+3.6%	Cons. · Japanese GAAP
FYE Jan 2025	331	+22.3%	Cons. · Japanese GAAP
FYE Jan 2026	341	+3.0%	Cons. · Japanese GAAP

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

Non-operating income

FYE Jan 2026 ¥40bn

CAGR · 10 yrs +10.3%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Jan 2017	16.4	n/a	Cons. · Japanese GAAP
FYE Jan 2018	16.1	−1.7%	Cons. · Japanese GAAP
FYE Jan 2019	15.0	−6.4%	Cons. · Japanese GAAP
FYE Jan 2020	20.6	+36.9%	Cons. · Japanese GAAP
FYE Jan 2021	8.9	−57.0%	Cons. · Japanese GAAP
FYE Jan 2022	9.1	+2.5%	Cons. · Japanese GAAP
FYE Jan 2023	8.9	−2.0%	Cons. · Japanese GAAP
FYE Jan 2024	15.6	+75.3%	Cons. · Japanese GAAP
FYE Jan 2025	17.9	+14.4%	Cons. · Japanese GAAP
FYE Jan 2026	39.5	+121.1%	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 Jan 2026 ¥53bn

CAGR · 10 yrs +21.0%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Jan 2017	9.5	n/a	Cons. · Japanese GAAP
FYE Jan 2018	7.9	−16.8%	Cons. · Japanese GAAP
FYE Jan 2019	9.1	+14.5%	Cons. · Japanese GAAP
FYE Jan 2020	12.0	+31.7%	Cons. · Japanese GAAP
FYE Jan 2021	10.7	−10.6%	Cons. · Japanese GAAP
FYE Jan 2022	9.2	−14.3%	Cons. · Japanese GAAP
FYE Jan 2023	13.1	+43.4%	Cons. · Japanese GAAP
FYE Jan 2024	18.3	+39.6%	Cons. · Japanese GAAP
FYE Jan 2025	47.6	+159.8%	Cons. · Japanese GAAP
FYE Jan 2026	53.1	+11.5%	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 Jan 2026 ¥328bn

CAGR · 10 yrs +6.2%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Jan 2017	191	n/a	Cons. · Japanese GAAP
FYE Jan 2018	204	+6.6%	Cons. · Japanese GAAP
FYE Jan 2019	195	−4.2%	Cons. · Japanese GAAP
FYE Jan 2020	214	+9.6%	Cons. · Japanese GAAP
FYE Jan 2021	185	−13.7%	Cons. · Japanese GAAP
FYE Jan 2022	230	+24.6%	Cons. · Japanese GAAP
FYE Jan 2023	257	+11.8%	Cons. · Japanese GAAP
FYE Jan 2024	268	+4.3%	Cons. · Japanese GAAP
FYE Jan 2025	302	+12.4%	Cons. · Japanese GAAP
FYE Jan 2026	328	+8.7%	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 Jan 2026 ¥12bn

CAGR · 10 yrs +1.9%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Jan 2017	10.5	n/a	Cons. · Japanese GAAP
FYE Jan 2018	10.5	−0.0%	Cons. · Japanese GAAP
FYE Jan 2019	3.3	−68.7%	Cons. · Japanese GAAP
FYE Jan 2020	13.0	+295.6%	Cons. · Japanese GAAP
FYE Jan 2021	3.6	−72.3%	Cons. · Japanese GAAP
FYE Jan 2022	6.5	+80.9%	Cons. · Japanese GAAP
FYE Jan 2023	17.2	+164.8%	Cons. · Japanese GAAP
FYE Jan 2024	26.7	+54.9%	Cons. · Japanese GAAP
FYE Jan 2025	24.3	−8.8%	Cons. · Japanese GAAP
FYE Jan 2026	12.4	−49.0%	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 Jan 2026 ¥232bn

CAGR · 10 yrs +7.4%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Jan 2017	122	n/a	Cons. · Japanese GAAP
FYE Jan 2018	133	+9.3%	Cons. · Japanese GAAP
FYE Jan 2019	129	−3.5%	Cons. · Japanese GAAP
FYE Jan 2020	141	+9.9%	Cons. · Japanese GAAP
FYE Jan 2021	124	−12.5%	Cons. · Japanese GAAP
FYE Jan 2022	154	+24.6%	Cons. · Japanese GAAP
FYE Jan 2023	185	+19.9%	Cons. · Japanese GAAP
FYE Jan 2024	202	+9.6%	Cons. · Japanese GAAP
FYE Jan 2025	218	+7.6%	Cons. · Japanese GAAP
FYE Jan 2026	232	+6.6%	Cons. · Japanese GAAP

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

Gross margin

FYE Jan 2026 20.0%

Average · 10 yrs 20.1%

Fiscal year	Gross margin %	YoY	Basis
FYE Jan 2017	20.6	n/a	Cons. · Japanese GAAP
FYE Jan 2018	20.6	−0.0pp	Cons. · Japanese GAAP
FYE Jan 2019	20.6	−0.0pp	Cons. · Japanese GAAP
FYE Jan 2020	19.8	−0.8pp	Cons. · Japanese GAAP
FYE Jan 2021	19.4	−0.4pp	Cons. · Japanese GAAP
FYE Jan 2022	20.4	+1.1pp	Cons. · Japanese GAAP
FYE Jan 2023	19.9	−0.5pp	Cons. · Japanese GAAP
FYE Jan 2024	20.1	+0.1pp	Cons. · Japanese GAAP
FYE Jan 2025	19.4	−0.7pp	Cons. · Japanese GAAP
FYE Jan 2026	20.0	+0.6pp	Cons. · Japanese GAAP

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

Operating margin

FYE Jan 2026 8.1%

Average · 10 yrs 8.6%

Fiscal year	Operating margin %	YoY	Basis
FYE Jan 2017	9.1	n/a	Cons. · Japanese GAAP
FYE Jan 2018	9.1	−0.0pp	Cons. · Japanese GAAP
FYE Jan 2019	8.8	−0.3pp	Cons. · Japanese GAAP
FYE Jan 2020	8.5	−0.3pp	Cons. · Japanese GAAP
FYE Jan 2021	7.6	−0.9pp	Cons. · Japanese GAAP
FYE Jan 2022	8.9	+1.3pp	Cons. · Japanese GAAP
FYE Jan 2023	8.9	−0.0pp	Cons. · Japanese GAAP
FYE Jan 2024	8.7	−0.2pp	Cons. · Japanese GAAP
FYE Jan 2025	8.2	−0.6pp	Cons. · Japanese GAAP
FYE Jan 2026	8.1	−0.0pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Jan 2026 7.8%

Average · 10 yrs 8.6%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Jan 2017	9.4	n/a	Cons. · Japanese GAAP
FYE Jan 2018	9.4	−0.0pp	Cons. · Japanese GAAP
FYE Jan 2019	9.0	−0.4pp	Cons. · Japanese GAAP
FYE Jan 2020	8.9	−0.2pp	Cons. · Japanese GAAP
FYE Jan 2021	7.5	−1.3pp	Cons. · Japanese GAAP
FYE Jan 2022	8.9	+1.3pp	Cons. · Japanese GAAP
FYE Jan 2023	8.8	−0.1pp	Cons. · Japanese GAAP
FYE Jan 2024	8.6	−0.2pp	Cons. · Japanese GAAP
FYE Jan 2025	7.4	−1.2pp	Cons. · Japanese GAAP
FYE Jan 2026	7.8	+0.4pp	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 Jan 2026 5.5%

Average · 10 yrs 5.9%

Fiscal year	Net margin %	YoY	Basis
FYE Jan 2017	6.0	n/a	Cons. · Japanese GAAP
FYE Jan 2018	6.2	+0.2pp	Cons. · Japanese GAAP
FYE Jan 2019	6.0	−0.2pp	Cons. · Japanese GAAP
FYE Jan 2020	5.8	−0.1pp	Cons. · Japanese GAAP
FYE Jan 2021	5.0	−0.8pp	Cons. · Japanese GAAP
FYE Jan 2022	5.9	+0.9pp	Cons. · Japanese GAAP
FYE Jan 2023	6.3	+0.4pp	Cons. · Japanese GAAP
FYE Jan 2024	6.5	+0.2pp	Cons. · Japanese GAAP
FYE Jan 2025	5.4	−1.1pp	Cons. · Japanese GAAP
FYE Jan 2026	5.5	+0.2pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Jan 2026 80.0%

Average · 10 yrs 79.9%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Jan 2017	79.4	n/a	Cons. · Japanese GAAP
FYE Jan 2018	79.4	−0.0pp	Cons. · Japanese GAAP
FYE Jan 2019	79.4	−0.0pp	Cons. · Japanese GAAP
FYE Jan 2020	80.2	+0.8pp	Cons. · Japanese GAAP
FYE Jan 2021	80.6	+0.4pp	Cons. · Japanese GAAP
FYE Jan 2022	79.6	−1.1pp	Cons. · Japanese GAAP
FYE Jan 2023	80.1	+0.5pp	Cons. · Japanese GAAP
FYE Jan 2024	79.9	−0.1pp	Cons. · Japanese GAAP
FYE Jan 2025	80.6	+0.7pp	Cons. · Japanese GAAP
FYE Jan 2026	80.0	−0.6pp	Cons. · Japanese GAAP

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

SG&A ratio

FYE Jan 2026 11.9%

Average · 10 yrs 11.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Jan 2017	11.6	n/a	Cons. · Japanese GAAP
FYE Jan 2018	11.6	−0.0pp	Cons. · Japanese GAAP
FYE Jan 2019	11.8	+0.3pp	Cons. · Japanese GAAP
FYE Jan 2020	11.3	−0.5pp	Cons. · Japanese GAAP
FYE Jan 2021	11.7	+0.4pp	Cons. · Japanese GAAP
FYE Jan 2022	11.5	−0.2pp	Cons. · Japanese GAAP
FYE Jan 2023	11.0	−0.5pp	Cons. · Japanese GAAP
FYE Jan 2024	11.4	+0.3pp	Cons. · Japanese GAAP
FYE Jan 2025	11.2	−0.2pp	Cons. · Japanese GAAP
FYE Jan 2026	11.9	+0.7pp	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 Jan 2026 ¥5.01tn

CAGR · 10 yrs +9.7%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Jan 2017	2,185	n/a	Cons. · Japanese GAAP
FYE Jan 2018	2,419	+10.7%	Cons. · Japanese GAAP
FYE Jan 2019	2,413	−0.2%	Cons. · Japanese GAAP
FYE Jan 2020	2,635	+9.2%	Cons. · Japanese GAAP
FYE Jan 2021	2,626	−0.3%	Cons. · Japanese GAAP
FYE Jan 2022	2,801	+6.7%	Cons. · Japanese GAAP
FYE Jan 2023	3,008	+7.4%	Cons. · Japanese GAAP
FYE Jan 2024	3,353	+11.5%	Cons. · Japanese GAAP
FYE Jan 2025	4,809	+43.4%	Cons. · Japanese GAAP
FYE Jan 2026	5,007	+4.1%	Cons. · Japanese GAAP

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

Equity net assets, shareholders' equity

FYE Jan 2026 ¥2.14tn

CAGR · 10 yrs +7.6%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Jan 2017	1,104	n/a	Cons. · Japanese GAAP
FYE Jan 2018	1,196	+8.3%	Cons. · Japanese GAAP
FYE Jan 2019	1,184	−1.0%	Cons. · Japanese GAAP
FYE Jan 2020	1,267	+7.0%	Cons. · Japanese GAAP
FYE Jan 2021	1,327	+4.8%	Cons. · Japanese GAAP
FYE Jan 2022	1,474	+11.1%	Cons. · Japanese GAAP
FYE Jan 2023	1,633	+10.8%	Cons. · Japanese GAAP
FYE Jan 2024	1,755	+7.5%	Cons. · Japanese GAAP
FYE Jan 2025	1,962	+11.8%	Cons. · Japanese GAAP
FYE Jan 2026	2,140	+9.0%	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 Jan 2026 ¥929bn

CAGR · 10 yrs +15.2%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Jan 2017	259	n/a	Cons. · Japanese GAAP
FYE Jan 2018	364	+40.4%	Cons. · Japanese GAAP
FYE Jan 2019	333	−8.4%	Cons. · Japanese GAAP
FYE Jan 2020	345	+3.6%	Cons. · Japanese GAAP
FYE Jan 2021	299	−13.5%	Cons. · Japanese GAAP
FYE Jan 2022	356	+19.1%	Cons. · Japanese GAAP
FYE Jan 2023	463	+30.1%	Cons. · Japanese GAAP
FYE Jan 2024	679	+46.7%	Cons. · Japanese GAAP
FYE Jan 2025	934	+37.5%	Cons. · Japanese GAAP
FYE Jan 2026	929	−0.5%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Jan 2026 ¥414bn

CAGR · 10 yrs +11.9%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Jan 2017	151	n/a	Cons. · Japanese GAAP
FYE Jan 2018	210	+39.0%	Cons. · Japanese GAAP
FYE Jan 2019	239	+14.2%	Cons. · Japanese GAAP
FYE Jan 2020	166	−30.5%	Cons. · Japanese GAAP
FYE Jan 2021	166	−0.3%	Cons. · Japanese GAAP
FYE Jan 2022	219	+32.0%	Cons. · Japanese GAAP
FYE Jan 2023	306	+39.4%	Cons. · Japanese GAAP
FYE Jan 2024	440	+44.0%	Cons. · Japanese GAAP
FYE Jan 2025	478	+8.6%	Cons. · Japanese GAAP
FYE Jan 2026	414	−13.3%	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 Jan 2026 ¥515bn

CAGR · 10 yrs +16.4%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Jan 2017	131	n/a	Cons. · Japanese GAAP
FYE Jan 2018	157	+19.8%	Cons. · Japanese GAAP
FYE Jan 2019	158	+1.1%	Cons. · Japanese GAAP
FYE Jan 2020	198	+24.8%	Cons. · Japanese GAAP
FYE Jan 2021	189	−4.3%	Cons. · Japanese GAAP
FYE Jan 2022	153	−19.2%	Cons. · Japanese GAAP
FYE Jan 2023	229	+49.9%	Cons. · Japanese GAAP
FYE Jan 2024	261	+13.8%	Cons. · Japanese GAAP
FYE Jan 2025	709	+172.0%	Cons. · Japanese GAAP
FYE Jan 2026	515	−27.4%	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 Jan 2026 n/a

CAGR · 9 yrs +15.7%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Jan 2017	205	n/a	Cons. · Japanese GAAP
FYE Jan 2018	250	+22.0%	Cons. · Japanese GAAP
FYE Jan 2019	235	−6.0%	Cons. · Japanese GAAP
FYE Jan 2020	215	−8.5%	Cons. · Japanese GAAP
FYE Jan 2021	200	−7.0%	Cons. · Japanese GAAP
FYE Jan 2022	170	−15.0%	Cons. · Japanese GAAP
FYE Jan 2023	50.0	−70.6%	Cons. · Japanese GAAP
FYE Jan 2024	50.0	−0.0%	Cons. · Japanese GAAP
FYE Jan 2025	660	+1219.6%	Cons. · Japanese GAAP
FYE Jan 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 Jan 2026 ¥215bn

CAGR · 10 yrs +36.2%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Jan 2017	13.3	n/a	Cons. · Japanese GAAP
FYE Jan 2018	22.0	+65.0%	Cons. · Japanese GAAP
FYE Jan 2019	20.6	−6.6%	Cons. · Japanese GAAP
FYE Jan 2020	18.7	−9.3%	Cons. · Japanese GAAP
FYE Jan 2021	19.7	+5.7%	Cons. · Japanese GAAP
FYE Jan 2022	18.0	−8.8%	Cons. · Japanese GAAP
FYE Jan 2023	51.1	+184.2%	Cons. · Japanese GAAP
FYE Jan 2024	40.4	−21.0%	Cons. · Japanese GAAP
FYE Jan 2025	222	+449.4%	Cons. · Japanese GAAP
FYE Jan 2026	215	−3.0%	Cons. · Japanese GAAP

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

Goodwill

FYE Jan 2026 ¥115bn

CAGR · 10 yrs +137.3%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Jan 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Jan 2018	6.2	+12747.9%	Cons. · Japanese GAAP
FYE Jan 2019	4.6	−25.6%	Cons. · Japanese GAAP
FYE Jan 2020	3.1	−32.5%	Cons. · Japanese GAAP
FYE Jan 2021	1.6	−49.1%	Cons. · Japanese GAAP
FYE Jan 2022	0.3	−84.1%	Cons. · Japanese GAAP
FYE Jan 2023	31.4	+12462.4%	Cons. · Japanese GAAP
FYE Jan 2024	17.8	−43.3%	Cons. · Japanese GAAP
FYE Jan 2025	134	+653.7%	Cons. · Japanese GAAP
FYE Jan 2026	115	−14.6%	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 Jan 2026 42.7%

Average · 10 yrs 49.0%

Fiscal year	Equity ratio %	YoY	Basis
FYE Jan 2017	50.5	n/a	Cons. · Japanese GAAP
FYE Jan 2018	49.4	−1.1pp	Cons. · Japanese GAAP
FYE Jan 2019	49.1	−0.4pp	Cons. · Japanese GAAP
FYE Jan 2020	48.1	−1.0pp	Cons. · Japanese GAAP
FYE Jan 2021	50.5	+2.5pp	Cons. · Japanese GAAP
FYE Jan 2022	52.6	+2.1pp	Cons. · Japanese GAAP
FYE Jan 2023	54.3	+1.7pp	Cons. · Japanese GAAP
FYE Jan 2024	52.3	−2.0pp	Cons. · Japanese GAAP
FYE Jan 2025	40.8	−11.5pp	Cons. · Japanese GAAP
FYE Jan 2026	42.7	+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 Jan 2026 43.4%

Average · 10 yrs 31.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Jan 2017	23.5	n/a	Cons. · Japanese GAAP
FYE Jan 2018	30.4	+7.0pp	Cons. · Japanese GAAP
FYE Jan 2019	28.2	−2.3pp	Cons. · Japanese GAAP
FYE Jan 2020	27.3	−0.9pp	Cons. · Japanese GAAP
FYE Jan 2021	22.5	−4.8pp	Cons. · Japanese GAAP
FYE Jan 2022	24.1	+1.6pp	Cons. · Japanese GAAP
FYE Jan 2023	28.3	+4.2pp	Cons. · Japanese GAAP
FYE Jan 2024	38.7	+10.4pp	Cons. · Japanese GAAP
FYE Jan 2025	47.6	+8.9pp	Cons. · Japanese GAAP
FYE Jan 2026	43.4	−4.2pp	Cons. · Japanese GAAP

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

ROE return on equity

FYE Jan 2026 10.8%

Average · 10 yrs 10.9%

Fiscal year	ROE %	YoY	Basis
FYE Jan 2017	11.0	n/a	Cons. · Japanese GAAP
FYE Jan 2018	11.1	+0.1pp	Cons. · Japanese GAAP
FYE Jan 2019	10.9	−0.3pp	Cons. · Japanese GAAP
FYE Jan 2020	11.2	+0.3pp	Cons. · Japanese GAAP
FYE Jan 2021	9.3	−1.8pp	Cons. · Japanese GAAP
FYE Jan 2022	10.4	+1.1pp	Cons. · Japanese GAAP
FYE Jan 2023	11.3	+0.9pp	Cons. · Japanese GAAP
FYE Jan 2024	11.5	+0.2pp	Cons. · Japanese GAAP
FYE Jan 2025	11.1	−0.4pp	Cons. · Japanese GAAP
FYE Jan 2026	10.8	−0.2pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Jan 2026 4.6%

Average · 10 yrs 5.3%

Fiscal year	ROA %	YoY	Basis
FYE Jan 2017	5.6	n/a	Cons. · Japanese GAAP
FYE Jan 2018	5.5	−0.1pp	Cons. · Japanese GAAP
FYE Jan 2019	5.3	−0.2pp	Cons. · Japanese GAAP
FYE Jan 2020	5.4	−0.0pp	Cons. · Japanese GAAP
FYE Jan 2021	4.7	−0.7pp	Cons. · Japanese GAAP
FYE Jan 2022	5.5	+0.8pp	Cons. · Japanese GAAP
FYE Jan 2023	6.1	+0.6pp	Cons. · Japanese GAAP
FYE Jan 2024	6.0	−0.1pp	Cons. · Japanese GAAP
FYE Jan 2025	4.5	−1.5pp	Cons. · Japanese GAAP
FYE Jan 2026	4.6	+0.1pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Jan 2026 0.84×

CAGR · 10 yrs −1.1%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Jan 2017	0.93	n/a	Cons. · Japanese GAAP
FYE Jan 2018	0.89	−3.8%	Cons. · Japanese GAAP
FYE Jan 2019	0.90	+0.3%	Cons. · Japanese GAAP
FYE Jan 2020	0.92	+2.4%	Cons. · Japanese GAAP
FYE Jan 2021	0.93	+1.7%	Cons. · Japanese GAAP
FYE Jan 2022	0.92	−0.8%	Cons. · Japanese GAAP
FYE Jan 2023	0.97	+5.3%	Cons. · Japanese GAAP
FYE Jan 2024	0.93	−4.8%	Cons. · Japanese GAAP
FYE Jan 2025	0.84	−8.9%	Cons. · Japanese GAAP
FYE Jan 2026	0.84	−0.7%	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 Jan 2026 ¥216bn

CAGR · 10 yrs +7.2%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Jan 2017	116	n/a	Cons. · Japanese GAAP
FYE Jan 2018	165	+42.8%	Cons. · Japanese GAAP
FYE Jan 2019	125	−24.4%	Cons. · Japanese GAAP
FYE Jan 2020	364	+190.8%	Cons. · Japanese GAAP
FYE Jan 2021	192	−47.2%	Cons. · Japanese GAAP
FYE Jan 2022	118	−38.5%	Cons. · Japanese GAAP
FYE Jan 2023	125	+6.3%	Cons. · Japanese GAAP
FYE Jan 2024	15.7	−87.5%	Cons. · Japanese GAAP
FYE Jan 2025	62.9	+301.0%	Cons. · Japanese GAAP
FYE Jan 2026	216	+244.0%	Cons. · Japanese GAAP

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

Investing cash flow

FYE Jan 2026 -¥73bn

Average · 10 yrs -¥153bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Jan 2017	-107	n/a	Cons. · Japanese GAAP
FYE Jan 2018	-76.2	n/a	Cons. · Japanese GAAP
FYE Jan 2019	-70.2	n/a	Cons. · Japanese GAAP
FYE Jan 2020	-65.2	n/a	Cons. · Japanese GAAP
FYE Jan 2021	-95.5	n/a	Cons. · Japanese GAAP
FYE Jan 2022	-114	n/a	Cons. · Japanese GAAP
FYE Jan 2023	-165	n/a	Cons. · Japanese GAAP
FYE Jan 2024	-69.1	n/a	Cons. · Japanese GAAP
FYE Jan 2025	-698	n/a	Cons. · Japanese GAAP
FYE Jan 2026	-73.2	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 Jan 2026 -¥93bn

Average · 10 yrs ¥15bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Jan 2017	5.5	n/a	Cons. · Japanese GAAP
FYE Jan 2018	30.2	+447.2%	Cons. · Japanese GAAP
FYE Jan 2019	-31.0	−202.9%	Cons. · Japanese GAAP
FYE Jan 2020	-148	n/a	Cons. · Japanese GAAP
FYE Jan 2021	-77.6	n/a	Cons. · Japanese GAAP
FYE Jan 2022	-112	n/a	Cons. · Japanese GAAP
FYE Jan 2023	-156	n/a	Cons. · Japanese GAAP
FYE Jan 2024	6.5	n/a	Cons. · Japanese GAAP
FYE Jan 2025	721	+11020.9%	Cons. · Japanese GAAP
FYE Jan 2026	-93.3	−112.9%	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 Jan 2026 ¥435bn

CAGR · 10 yrs +8.7%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Jan 2017	205	n/a	Cons. · Japanese GAAP
FYE Jan 2018	325	+58.6%	Cons. · Japanese GAAP
FYE Jan 2019	343	+5.6%	Cons. · Japanese GAAP
FYE Jan 2020	583	+70.1%	Cons. · Japanese GAAP
FYE Jan 2021	600	+2.9%	Cons. · Japanese GAAP
FYE Jan 2022	515	−14.2%	Cons. · Japanese GAAP
FYE Jan 2023	333	−35.4%	Cons. · Japanese GAAP
FYE Jan 2024	293	−12.0%	Cons. · Japanese GAAP
FYE Jan 2025	390	+33.3%	Cons. · Japanese GAAP
FYE Jan 2026	435	+11.4%	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 Jan 2026 ¥143bn

CAGR · 10 yrs +37.0%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Jan 2017	8.4	n/a	Cons. · Japanese GAAP
FYE Jan 2018	89.2	+959.1%	Cons. · Japanese GAAP
FYE Jan 2019	54.9	−38.5%	Cons. · Japanese GAAP
FYE Jan 2020	299	+443.7%	Cons. · Japanese GAAP
FYE Jan 2021	96.5	−67.7%	Cons. · Japanese GAAP
FYE Jan 2022	4.3	−95.5%	Cons. · Japanese GAAP
FYE Jan 2023	-39.9	−1022.9%	Cons. · Japanese GAAP
FYE Jan 2024	-53.4	n/a	Cons. · Japanese GAAP
FYE Jan 2025	-635	n/a	Cons. · Japanese GAAP
FYE Jan 2026	143	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 Jan 2026 5.2%

Average · 10 yrs 5.8%

Fiscal year	OCF margin %	YoY	Basis
FYE Jan 2017	5.7	n/a	Cons. · Japanese GAAP
FYE Jan 2018	7.7	+1.9pp	Cons. · Japanese GAAP
FYE Jan 2019	5.8	−1.9pp	Cons. · Japanese GAAP
FYE Jan 2020	15.1	+9.3pp	Cons. · Japanese GAAP
FYE Jan 2021	7.8	−7.2pp	Cons. · Japanese GAAP
FYE Jan 2022	4.6	−3.3pp	Cons. · Japanese GAAP
FYE Jan 2023	4.3	−0.3pp	Cons. · Japanese GAAP
FYE Jan 2024	0.5	−3.8pp	Cons. · Japanese GAAP
FYE Jan 2025	1.5	+1.0pp	Cons. · Japanese GAAP
FYE Jan 2026	5.2	+3.6pp	Cons. · Japanese GAAP

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

Net cash

FYE Jan 2026 -¥494bn

Average · 10 yrs -¥94bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Jan 2017	-54.5	n/a	Cons. · Japanese GAAP
FYE Jan 2018	-39.2	n/a	Cons. · Japanese GAAP
FYE Jan 2019	9.4	n/a	Cons. · Japanese GAAP
FYE Jan 2020	238	+2425.3%	Cons. · Japanese GAAP
FYE Jan 2021	302	+26.8%	Cons. · Japanese GAAP
FYE Jan 2022	159	−47.1%	Cons. · Japanese GAAP
FYE Jan 2023	-130	−181.6%	Cons. · Japanese GAAP
FYE Jan 2024	-386	n/a	Cons. · Japanese GAAP
FYE Jan 2025	-544	n/a	Cons. · Japanese GAAP
FYE Jan 2026	-494	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 Jan 2026 ¥2.28tn

Change · 10 yrs +¥982bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Jan 2017	1,298	n/a
FYE Jan 2018	1,380	n/a
FYE Jan 2019	1,123	n/a
FYE Jan 2020	1,630	n/a
FYE Jan 2021	1,382	n/a
FYE Jan 2022	1,585	n/a
FYE Jan 2023	1,678	n/a
FYE Jan 2024	2,218	n/a
FYE Jan 2025	2,377	n/a
FYE Jan 2026	2,279	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 Jan 2026 3,437¥

Change · 10 yrs +1,609¥

Fiscal year	Share price ¥	Basis
FYE Jan 2017	1,829	n/a
FYE Jan 2018	1,998	n/a
FYE Jan 2019	1,627	n/a
FYE Jan 2020	2,360	n/a
FYE Jan 2021	2,018	n/a
FYE Jan 2022	2,315	n/a
FYE Jan 2023	2,451	n/a
FYE Jan 2024	3,347	n/a
FYE Jan 2025	3,585	n/a
FYE Jan 2026	3,437	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 Jan 2026 663,122,166shares

Change · 10 yrs −46,561,300 shares

Fiscal year	Shares outstanding shares	Basis
FYE Jan 2017	709,683,466	Parent
FYE Jan 2018	690,683,466	Parent
FYE Jan 2019	690,683,466	Parent
FYE Jan 2020	690,683,466	Parent
FYE Jan 2021	684,683,466	Parent
FYE Jan 2022	684,683,466	Parent
FYE Jan 2023	684,683,466	Parent
FYE Jan 2024	662,862,666	Parent
FYE Jan 2025	662,996,866	Parent
FYE Jan 2026	663,122,166	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 Jan 2026 358.07¥

Change · 10 yrs +182.59¥

Fiscal year	EPS ¥	Basis
FYE Jan 2017	175.48	Cons.
FYE Jan 2018	193.06	Cons.
FYE Jan 2019	186.53	Cons.
FYE Jan 2020	205.79	Cons.
FYE Jan 2021	181.18	Cons.
FYE Jan 2022	227.37	Cons.
FYE Jan 2023	276.58	Cons.
FYE Jan 2024	309.29	Cons.
FYE Jan 2025	335.95	Cons.
FYE Jan 2026	358.07	Cons.

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

BPS book value per share

FYE Jan 2026 3,226.58¥

Change · 10 yrs +1,670.88¥

Fiscal year	BPS ¥	Basis
FYE Jan 2017	1,555.70	Cons. · Japanese GAAP
FYE Jan 2018	1,731.24	Cons. · Japanese GAAP
FYE Jan 2019	1,713.68	Cons. · Japanese GAAP
FYE Jan 2020	1,834.13	Cons. · Japanese GAAP
FYE Jan 2021	1,938.19	Cons. · Japanese GAAP
FYE Jan 2022	2,153.01	Cons. · Japanese GAAP
FYE Jan 2023	2,384.99	Cons. · Japanese GAAP
FYE Jan 2024	2,647.13	Cons. · Japanese GAAP
FYE Jan 2025	2,959.72	Cons. · Japanese GAAP
FYE Jan 2026	3,226.58	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Jan 2026 9.60×

Average · 10 yrs 10.22×

Fiscal year	PER ×	Basis
FYE Jan 2017	10.42	Cons.
FYE Jan 2018	10.35	Cons.
FYE Jan 2019	8.72	Cons.
FYE Jan 2020	11.47	Cons.
FYE Jan 2021	11.14	Cons.
FYE Jan 2022	10.18	Cons.
FYE Jan 2023	8.86	Cons.
FYE Jan 2024	10.82	Cons.
FYE Jan 2025	10.67	Cons.
FYE Jan 2026	9.60	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 Jan 2026 1.04×

Average · 10 yrs 1.11×

Fiscal year	PBR ×	Basis
FYE Jan 2017	1.14	Cons.
FYE Jan 2018	1.15	Cons.
FYE Jan 2019	0.95	Cons.
FYE Jan 2020	1.27	Cons.
FYE Jan 2021	1.04	Cons.
FYE Jan 2022	1.06	Cons.
FYE Jan 2023	0.99	Cons.
FYE Jan 2024	1.24	Cons.
FYE Jan 2025	1.18	Cons.
FYE Jan 2026	1.04	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 Jan 2026 32,186people

Change · 10 yrs +8,887 people

Fiscal year	Group employees people	YoY	Basis
FYE Jan 2017	23,299	n/a	Cons.
FYE Jan 2018	24,391	+4.7%	Cons.
FYE Jan 2019	24,775	+1.6%	Cons.
FYE Jan 2020	27,397	+10.6%	Cons.
FYE Jan 2021	28,362	+3.5%	Cons.
FYE Jan 2022	28,821	+1.6%	Cons.
FYE Jan 2023	29,052	+0.8%	Cons.
FYE Jan 2024	29,932	+3.0%	Cons.
FYE Jan 2025	32,265	+7.8%	Cons.
FYE Jan 2026	32,186	−0.2%	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 Jan 2026 14,178people

Change · 10 yrs +137 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Jan 2017	14,041	n/a	Parent
FYE Jan 2018	14,482	+3.1%	Parent
FYE Jan 2019	14,616	+0.9%	Parent
FYE Jan 2020	14,801	+1.3%	Parent
FYE Jan 2021	15,071	+1.8%	Parent
FYE Jan 2022	15,017	−0.4%	Parent
FYE Jan 2023	14,932	−0.6%	Parent
FYE Jan 2024	15,327	+2.6%	Parent
FYE Jan 2025	15,664	+2.2%	Parent
FYE Jan 2026	14,178	−9.5%	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 Jan 2026 ¥9.1m

Change · 10 yrs +¥0.9m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Jan 2017	8.1	n/a	Parent
FYE Jan 2018	8.2	+0.5%	Parent
FYE Jan 2019	8.2	−0.0%	Parent
FYE Jan 2020	8.0	−2.1%	Parent
FYE Jan 2021	7.9	−1.2%	Parent
FYE Jan 2022	8.0	+0.9%	Parent
FYE Jan 2023	8.3	+4.3%	Parent
FYE Jan 2024	8.6	+3.0%	Parent
FYE Jan 2025	8.8	+2.7%	Parent
FYE Jan 2026	9.1	+2.8%	Parent

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

Average age

FYE Jan 2026 43.5years

Change · 7 yrs +0.7 years

Fiscal year	Average age years	YoY	Basis
FYE Jan 2017	n/a	n/a	Parent
FYE Jan 2018	n/a	n/a	Parent
FYE Jan 2019	n/a	n/a	Parent
FYE Jan 2020	42.8	n/a	Parent
FYE Jan 2021	43.0	+0.5%	Parent
FYE Jan 2022	43.3	+0.7%	Parent
FYE Jan 2023	43.6	+0.7%	Parent
FYE Jan 2024	43.8	+0.5%	Parent
FYE Jan 2025	43.9	+0.2%	Parent
FYE Jan 2026	43.5	−0.9%	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 Jan 2026 16.2years

Change · 10 yrs +0.2 years

Fiscal year	Average length of service years	YoY	Basis
FYE Jan 2017	16.0	n/a	Parent
FYE Jan 2018	16.1	+0.6%	Parent
FYE Jan 2019	16.3	+1.2%	Parent
FYE Jan 2020	16.5	+1.2%	Parent
FYE Jan 2021	16.5	−0.0%	Parent
FYE Jan 2022	16.7	+1.2%	Parent
FYE Jan 2023	16.8	+0.6%	Parent
FYE Jan 2024	16.5	−1.8%	Parent
FYE Jan 2025	16.4	−0.6%	Parent
FYE Jan 2026	16.2	−1.2%	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)

Revenue per employee

FYE Jan 2026 ¥130m

Change · 10 yrs +¥43.4m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Jan 2017	87.0	n/a	Cons.
FYE Jan 2018	88.5	+1.8%	Cons.
FYE Jan 2019	87.2	−1.5%	Cons.
FYE Jan 2020	88.2	+1.1%	Cons.
FYE Jan 2021	86.3	−2.1%	Cons.
FYE Jan 2022	89.9	+4.1%	Cons.
FYE Jan 2023	101	+12.2%	Cons.
FYE Jan 2024	104	+3.0%	Cons.
FYE Jan 2025	126	+21.2%	Cons.
FYE Jan 2026	130	+3.7%	Cons.

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

Operating profit per employee

FYE Jan 2026 ¥10.6m

Change · 10 yrs +¥2.7m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Jan 2017	7.9	n/a	Cons.
FYE Jan 2018	8.0	+1.4%	Cons.
FYE Jan 2019	7.6	−4.7%	Cons.
FYE Jan 2020	7.5	−1.9%	Cons.
FYE Jan 2021	6.6	−12.2%	Cons.
FYE Jan 2022	8.0	+21.4%	Cons.
FYE Jan 2023	9.0	+12.7%	Cons.
FYE Jan 2024	9.1	+0.6%	Cons.
FYE Jan 2025	10.3	+13.5%	Cons.
FYE Jan 2026	10.6	+3.3%	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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