Financials

Exeo Group: FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥788bnYoY +17.4%

FYE Mar 2026 · Operating profit¥52bnYoY +22.5%

FYE Mar 2026 · Net profit¥31bnYoY +15.6%

FYE Mar 2026 · Equity ratio49.5%YoY −0.5pp

FYE Mar 2026 · Group employees17,751YoY +491

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥299bn	n/a	¥21bn	n/a	7.0%	¥14bn	Kozono Fuminori	—
FYE Mar 2018Consolidated	¥313bn	+4.6%	¥26bn	+22.7%	8.2%	¥18bn	Kozono Fuminori	—
FYE Mar 2019Consolidated	¥424bn	+35.5%	¥32bn	+23.8%	7.5%	¥40bn	Kozono Fuminori	Ten telecom contractors announce mergers within two weeks
FYE Mar 2020Consolidated	¥525bn	+23.8%	¥31bn	−1.9%	5.9%	¥16bn	Kozono Fuminori	Revenue up 35% to <span class="en-history_money" data-yen="423700000000" data-year="2019">$3.9B (¥424bn)</span>; DeClout (Singapore) acquired
FYE Mar 2021Consolidated	¥573bn	+9.3%	¥37bn	+17.8%	6.4%	¥24bn	Funahashi Tetsuya	—
FYE Mar 2022Consolidated	¥595bn	+3.8%	¥42bn	+15.7%	7.1%	¥28bn	Funahashi Tetsuya	Renamed Exeo Group; segments recut by customer category
FYE Mar 2023Consolidated	¥628bn	+5.5%	¥33bn	−23.2%	5.2%	¥22bn	Funahashi Tetsuya	Moves to the TSE Prime market
FYE Mar 2024Consolidated	¥614bn	−2.2%	¥34bn	+4.8%	5.6%	¥20bn	Funahashi Tetsuya	—
FYE Mar 2025Consolidated	¥671bn	+9.2%	¥42bn	+24.5%	6.3%	¥27bn	Funahashi Tetsuya	—
FYE Mar 2026Consolidated	¥788bn	+17.4%	¥52bn	+22.5%	6.6%	¥31bn	Funahashi Tetsuya	<a class="en-history_person" href="/tse/1951/executives/ceo/kajimura-keigo/" hreflang="ja">Kajimura Keigo</a> becomes president

How it compares

Exeo Group¥788bnFY2025Operating margin 6.6%

Comsys Holdings¥631bnFY2025Operating margin 8.1%

MIRAIT ONE¥602bnFY2025Operating margin 5.7%

KRAFTIA¥476bnFY2025Operating margin 11.5%

Hochiki¥101bnFY2024Operating margin 9.5%

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 ¥788bn

CAGR · 10 yrs +11.4%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	299	n/a	Cons. · Japanese GAAP
FYE Mar 2018	313	+4.6%	Cons. · Japanese GAAP
FYE Mar 2019	424	+35.5%	Cons. · Japanese GAAP
FYE Mar 2020	525	+23.8%	Cons. · Japanese GAAP
FYE Mar 2021	573	+9.3%	Cons. · Japanese GAAP
FYE Mar 2022	595	+3.8%	Cons. · Japanese GAAP
FYE Mar 2023	628	+5.5%	Cons. · Japanese GAAP
FYE Mar 2024	614	−2.2%	Cons. · Japanese GAAP
FYE Mar 2025	671	+9.2%	Cons. · Japanese GAAP
FYE Mar 2026	788	+17.4%	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 Mar 2026 ¥673bn

CAGR · 10 yrs +11.1%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	260	n/a	Cons. · Japanese GAAP
FYE Mar 2018	269	+3.4%	Cons. · Japanese GAAP
FYE Mar 2019	365	+35.7%	Cons. · Japanese GAAP
FYE Mar 2020	456	+24.9%	Cons. · Japanese GAAP
FYE Mar 2021	497	+9.0%	Cons. · Japanese GAAP
FYE Mar 2022	511	+2.6%	Cons. · Japanese GAAP
FYE Mar 2023	546	+6.9%	Cons. · Japanese GAAP
FYE Mar 2024	525	−3.8%	Cons. · Japanese GAAP
FYE Mar 2025	570	+8.6%	Cons. · Japanese GAAP
FYE Mar 2026	673	+18.0%	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 ¥115bn

CAGR · 10 yrs +12.9%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	38.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	43.4	+12.7%	Cons. · Japanese GAAP
FYE Mar 2019	58.3	+34.6%	Cons. · Japanese GAAP
FYE Mar 2020	68.3	+17.1%	Cons. · Japanese GAAP
FYE Mar 2021	75.9	+11.0%	Cons. · Japanese GAAP
FYE Mar 2022	84.3	+11.1%	Cons. · Japanese GAAP
FYE Mar 2023	81.8	−2.9%	Cons. · Japanese GAAP
FYE Mar 2024	89.2	+8.9%	Cons. · Japanese GAAP
FYE Mar 2025	100	+12.7%	Cons. · Japanese GAAP
FYE Mar 2026	115	+14.1%	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 ¥63bn

CAGR · 10 yrs +15.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	17.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.7	+0.7%	Cons. · Japanese GAAP
FYE Mar 2019	26.6	+50.1%	Cons. · Japanese GAAP
FYE Mar 2020	37.2	+39.8%	Cons. · Japanese GAAP
FYE Mar 2021	39.2	+5.4%	Cons. · Japanese GAAP
FYE Mar 2022	41.9	+6.9%	Cons. · Japanese GAAP
FYE Mar 2023	49.3	+17.5%	Cons. · Japanese GAAP
FYE Mar 2024	55.0	+11.7%	Cons. · Japanese GAAP
FYE Mar 2025	58.0	+5.4%	Cons. · Japanese GAAP
FYE Mar 2026	62.7	+8.0%	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 ¥52bn

CAGR · 10 yrs +10.7%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	20.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.6	+22.7%	Cons. · Japanese GAAP
FYE Mar 2019	31.7	+23.8%	Cons. · Japanese GAAP
FYE Mar 2020	31.1	−1.9%	Cons. · Japanese GAAP
FYE Mar 2021	36.6	+17.8%	Cons. · Japanese GAAP
FYE Mar 2022	42.4	+15.7%	Cons. · Japanese GAAP
FYE Mar 2023	32.6	−23.2%	Cons. · Japanese GAAP
FYE Mar 2024	34.1	+4.8%	Cons. · Japanese GAAP
FYE Mar 2025	42.5	+24.5%	Cons. · Japanese GAAP
FYE Mar 2026	52.0	+22.5%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥3.9bn

CAGR · 10 yrs +8.2%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.4	−27.8%	Cons. · Japanese GAAP
FYE Mar 2019	2.5	+76.5%	Cons. · Japanese GAAP
FYE Mar 2020	2.1	−15.9%	Cons. · Japanese GAAP
FYE Mar 2021	2.9	+37.8%	Cons. · Japanese GAAP
FYE Mar 2022	4.3	+51.5%	Cons. · Japanese GAAP
FYE Mar 2023	3.2	−27.1%	Cons. · Japanese GAAP
FYE Mar 2024	5.8	+82.4%	Cons. · Japanese GAAP
FYE Mar 2025	4.4	−24.4%	Cons. · Japanese GAAP
FYE Mar 2026	3.9	−10.0%	Cons. · Japanese GAAP

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

Non-operating expenses

FYE Mar 2026 ¥3.2bn

CAGR · 10 yrs +9.7%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	1.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.6	−59.2%	Cons. · Japanese GAAP
FYE Mar 2019	0.8	+31.9%	Cons. · Japanese GAAP
FYE Mar 2020	2.5	+232.9%	Cons. · Japanese GAAP
FYE Mar 2021	1.3	−48.3%	Cons. · Japanese GAAP
FYE Mar 2022	1.5	+15.5%	Cons. · Japanese GAAP
FYE Mar 2023	1.9	+29.6%	Cons. · Japanese GAAP
FYE Mar 2024	3.0	+52.7%	Cons. · Japanese GAAP
FYE Mar 2025	3.3	+11.9%	Cons. · Japanese GAAP
FYE Mar 2026	3.2	−3.0%	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 ¥53bn

CAGR · 10 yrs +10.5%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	21.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	26.4	+23.5%	Cons. · Japanese GAAP
FYE Mar 2019	33.4	+26.4%	Cons. · Japanese GAAP
FYE Mar 2020	30.7	−8.3%	Cons. · Japanese GAAP
FYE Mar 2021	38.2	+24.5%	Cons. · Japanese GAAP
FYE Mar 2022	45.2	+18.4%	Cons. · Japanese GAAP
FYE Mar 2023	33.8	−25.3%	Cons. · Japanese GAAP
FYE Mar 2024	36.9	+9.3%	Cons. · Japanese GAAP
FYE Mar 2025	43.5	+17.8%	Cons. · Japanese GAAP
FYE Mar 2026	52.7	+21.2%	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 ¥3.1bn

CAGR · 9 yrs +9.7%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	18.3	n/a	Cons. · Japanese GAAP
FYE Mar 2020	0.7	−96.4%	Cons. · Japanese GAAP
FYE Mar 2021	0.5	−27.4%	Cons. · Japanese GAAP
FYE Mar 2022	0.7	+41.6%	Cons. · Japanese GAAP
FYE Mar 2023	3.7	+440.3%	Cons. · Japanese GAAP
FYE Mar 2024	3.5	−5.7%	Cons. · Japanese GAAP
FYE Mar 2025	1.1	−69.5%	Cons. · Japanese GAAP
FYE Mar 2026	3.1	+192.6%	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 ¥31bn

CAGR · 10 yrs +9.4%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	13.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.0	+30.5%	Cons. · Japanese GAAP
FYE Mar 2019	40.2	+123.5%	Cons. · Japanese GAAP
FYE Mar 2020	15.6	−61.2%	Cons. · Japanese GAAP
FYE Mar 2021	24.2	+55.0%	Cons. · Japanese GAAP
FYE Mar 2022	27.8	+14.8%	Cons. · Japanese GAAP
FYE Mar 2023	22.4	−19.4%	Cons. · Japanese GAAP
FYE Mar 2024	20.1	−10.4%	Cons. · Japanese GAAP
FYE Mar 2025	26.9	+33.9%	Cons. · Japanese GAAP
FYE Mar 2026	31.0	+15.6%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 14.6%

Average · 10 yrs 13.8%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	12.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.9	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	13.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	13.0	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	13.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	14.2	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	13.0	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	14.5	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2025	15.0	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	14.6	−0.4pp	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 6.6%

Average · 10 yrs 6.6%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.2	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	7.5	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	5.9	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	6.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	7.1	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	5.2	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2024	5.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	6.3	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	6.6	+0.3pp	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 6.7%

Average · 10 yrs 6.8%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	7.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.5	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	7.9	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	5.8	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2021	6.7	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	7.6	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	5.4	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2024	6.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	6.5	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	6.7	+0.2pp	Cons. · Japanese GAAP

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

Net margin

FYE Mar 2026 3.9%

Average · 10 yrs 4.6%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	4.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.8	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	9.5	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2020	3.0	−6.5pp	Cons. · Japanese GAAP
FYE Mar 2021	4.2	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2022	4.7	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	3.6	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	3.3	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	4.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	3.9	−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 85.4%

Average · 10 yrs 86.2%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	87.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	86.1	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	86.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	87.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	86.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	85.8	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	87.0	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	85.5	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2025	85.0	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	85.4	+0.4pp	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 8.0%

Average · 10 yrs 7.2%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	5.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.7	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	6.3	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	7.1	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	6.8	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	7.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	7.9	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	9.0	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	8.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	8.0	−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 Mar 2026 ¥691bn

CAGR · 10 yrs +12.3%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	243	n/a	Cons. · Japanese GAAP
FYE Mar 2018	261	+7.3%	Cons. · Japanese GAAP
FYE Mar 2019	416	+59.4%	Cons. · Japanese GAAP
FYE Mar 2020	445	+6.8%	Cons. · Japanese GAAP
FYE Mar 2021	492	+10.5%	Cons. · Japanese GAAP
FYE Mar 2022	536	+9.0%	Cons. · Japanese GAAP
FYE Mar 2023	578	+7.9%	Cons. · Japanese GAAP
FYE Mar 2024	592	+2.4%	Cons. · Japanese GAAP
FYE Mar 2025	643	+8.6%	Cons. · Japanese GAAP
FYE Mar 2026	691	+7.6%	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 ¥342bn

CAGR · 10 yrs +9.0%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	158	n/a	Cons. · Japanese GAAP
FYE Mar 2018	176	+11.2%	Cons. · Japanese GAAP
FYE Mar 2019	264	+50.3%	Cons. · Japanese GAAP
FYE Mar 2020	267	+1.0%	Cons. · Japanese GAAP
FYE Mar 2021	286	+7.2%	Cons. · Japanese GAAP
FYE Mar 2022	304	+6.2%	Cons. · Japanese GAAP
FYE Mar 2023	304	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	313	+3.2%	Cons. · Japanese GAAP
FYE Mar 2025	321	+2.5%	Cons. · Japanese GAAP
FYE Mar 2026	342	+6.5%	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 ¥117bn

CAGR · 10 yrs +55.4%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	−53.9%	Cons. · Japanese GAAP
FYE Mar 2019	17.7	+1634.6%	Cons. · Japanese GAAP
FYE Mar 2020	15.8	−11.0%	Cons. · Japanese GAAP
FYE Mar 2021	26.3	+66.9%	Cons. · Japanese GAAP
FYE Mar 2022	48.8	+85.1%	Cons. · Japanese GAAP
FYE Mar 2023	82.4	+68.9%	Cons. · Japanese GAAP
FYE Mar 2024	72.4	−12.1%	Cons. · Japanese GAAP
FYE Mar 2025	109	+50.8%	Cons. · Japanese GAAP
FYE Mar 2026	117	+7.4%	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 ¥21bn

CAGR · 10 yrs +43.5%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	0.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	+22.5%	Cons. · Japanese GAAP
FYE Mar 2019	13.1	+1191.4%	Cons. · Japanese GAAP
FYE Mar 2020	6.8	−47.8%	Cons. · Japanese GAAP
FYE Mar 2021	19.5	+186.2%	Cons. · Japanese GAAP
FYE Mar 2022	30.8	+57.7%	Cons. · Japanese GAAP
FYE Mar 2023	28.7	−6.5%	Cons. · Japanese GAAP
FYE Mar 2024	29.2	+1.5%	Cons. · Japanese GAAP
FYE Mar 2025	52.1	+78.6%	Cons. · Japanese GAAP
FYE Mar 2026	21.3	−59.2%	Cons. · Japanese GAAP

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

Long-term borrowings

FYE Mar 2026 ¥96bn

CAGR · 10 yrs +60.1%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	1.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.0	−99.3%	Cons. · Japanese GAAP
FYE Mar 2019	4.7	+46490.0%	Cons. · Japanese GAAP
FYE Mar 2020	9.0	+92.4%	Cons. · Japanese GAAP
FYE Mar 2021	6.8	−23.7%	Cons. · Japanese GAAP
FYE Mar 2022	18.0	+163.4%	Cons. · Japanese GAAP
FYE Mar 2023	53.6	+197.9%	Cons. · Japanese GAAP
FYE Mar 2024	43.2	−19.5%	Cons. · Japanese GAAP
FYE Mar 2025	57.1	+32.1%	Cons. · Japanese GAAP
FYE Mar 2026	96.0	+68.2%	Cons. · Japanese GAAP

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

Intangible assets

FYE Mar 2026 ¥30bn

CAGR · 10 yrs +23.5%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	4.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.9	−11.4%	Cons. · Japanese GAAP
FYE Mar 2019	14.8	+277.6%	Cons. · Japanese GAAP
FYE Mar 2020	12.8	−13.4%	Cons. · Japanese GAAP
FYE Mar 2021	10.2	−20.3%	Cons. · Japanese GAAP
FYE Mar 2022	13.7	+35.0%	Cons. · Japanese GAAP
FYE Mar 2023	23.1	+68.1%	Cons. · Japanese GAAP
FYE Mar 2024	22.7	−1.9%	Cons. · Japanese GAAP
FYE Mar 2025	25.1	+10.6%	Cons. · Japanese GAAP
FYE Mar 2026	29.5	+17.8%	Cons. · Japanese GAAP

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

Goodwill

FYE Mar 2026 ¥17bn

CAGR · 10 yrs +36.4%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.7	−37.5%	Cons. · Japanese GAAP
FYE Mar 2019	10.3	+1459.1%	Cons. · Japanese GAAP
FYE Mar 2020	7.6	−25.5%	Cons. · Japanese GAAP
FYE Mar 2021	5.9	−22.1%	Cons. · Japanese GAAP
FYE Mar 2022	9.2	+54.8%	Cons. · Japanese GAAP
FYE Mar 2023	15.1	+64.1%	Cons. · Japanese GAAP
FYE Mar 2024	13.9	−8.2%	Cons. · Japanese GAAP
FYE Mar 2025	15.1	+9.0%	Cons. · Japanese GAAP
FYE Mar 2026	17.2	+14.0%	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 49.5%

Average · 10 yrs 57.5%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	64.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	67.3	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2019	63.4	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2020	60.0	−3.5pp	Cons. · Japanese GAAP
FYE Mar 2021	58.2	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2022	56.7	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	52.5	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2024	53.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	50.0	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2026	49.5	−0.5pp	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 34.3%

Average · 10 yrs 15.8%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	1.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.6	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	6.7	+6.1pp	Cons. · Japanese GAAP
FYE Mar 2020	5.9	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	9.2	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2022	16.1	+6.8pp	Cons. · Japanese GAAP
FYE Mar 2023	27.1	+11.1pp	Cons. · Japanese GAAP
FYE Mar 2024	23.1	−4.0pp	Cons. · Japanese GAAP
FYE Mar 2025	34.0	+10.9pp	Cons. · Japanese GAAP
FYE Mar 2026	34.3	+0.3pp	Cons. · Japanese GAAP

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

ROE return on equity

FYE Mar 2026 9.1%

Average · 10 yrs 8.9%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	8.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.2	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	15.2	+5.0pp	Cons. · Japanese GAAP
FYE Mar 2020	5.8	−9.4pp	Cons. · Japanese GAAP
FYE Mar 2021	8.5	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2022	9.1	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	7.4	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2024	6.4	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2025	8.4	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2026	9.1	+0.7pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 4.5%

Average · 10 yrs 5.2%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	5.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.9	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	9.7	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2020	3.5	−6.1pp	Cons. · Japanese GAAP
FYE Mar 2021	4.9	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2022	5.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	3.9	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2024	3.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	4.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	4.5	+0.3pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 1.14×

CAGR · 10 yrs −0.8%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.23	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.20	−2.5%	Cons. · Japanese GAAP
FYE Mar 2019	1.02	−15.0%	Cons. · Japanese GAAP
FYE Mar 2020	1.18	+15.9%	Cons. · Japanese GAAP
FYE Mar 2021	1.17	−1.1%	Cons. · Japanese GAAP
FYE Mar 2022	1.11	−4.8%	Cons. · Japanese GAAP
FYE Mar 2023	1.09	−2.2%	Cons. · Japanese GAAP
FYE Mar 2024	1.04	−4.4%	Cons. · Japanese GAAP
FYE Mar 2025	1.04	+0.6%	Cons. · Japanese GAAP
FYE Mar 2026	1.14	+9.2%	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 ¥33bn

CAGR · 10 yrs +8.8%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	15.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	24.8	+60.0%	Cons. · Japanese GAAP
FYE Mar 2019	12.8	−48.5%	Cons. · Japanese GAAP
FYE Mar 2020	17.3	+35.5%	Cons. · Japanese GAAP
FYE Mar 2021	6.3	−63.6%	Cons. · Japanese GAAP
FYE Mar 2022	26.4	+319.1%	Cons. · Japanese GAAP
FYE Mar 2023	5.5	−79.2%	Cons. · Japanese GAAP
FYE Mar 2024	41.9	+664.2%	Cons. · Japanese GAAP
FYE Mar 2025	6.8	−83.7%	Cons. · Japanese GAAP
FYE Mar 2026	33.2	+385.7%	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 -¥15bn

Average · 10 yrs -¥14bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-6.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-4.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-17.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-17.1	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-9.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-20.4	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-13.3	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-13.6	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-18.4	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-15.0	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 -¥17bn

Average · 10 yrs -¥5.4bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-10.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-5.1	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-4.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	4.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-1.8	−141.4%	Cons. · Japanese GAAP
FYE Mar 2022	5.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	3.3	−34.3%	Cons. · Japanese GAAP
FYE Mar 2024	-30.6	−1026.5%	Cons. · Japanese GAAP
FYE Mar 2025	2.9	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-16.5	−671.7%	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 ¥41bn

CAGR · 10 yrs +11.7%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	15.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.3	+99.1%	Cons. · Japanese GAAP
FYE Mar 2019	41.5	+36.7%	Cons. · Japanese GAAP
FYE Mar 2020	46.0	+11.0%	Cons. · Japanese GAAP
FYE Mar 2021	41.2	−10.4%	Cons. · Japanese GAAP
FYE Mar 2022	53.7	+30.3%	Cons. · Japanese GAAP
FYE Mar 2023	50.2	−6.6%	Cons. · Japanese GAAP
FYE Mar 2024	47.4	−5.5%	Cons. · Japanese GAAP
FYE Mar 2025	39.4	−16.9%	Cons. · Japanese GAAP
FYE Mar 2026	41.4	+5.0%	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 ¥18bn

CAGR · 10 yrs +7.5%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	9.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.3	+113.8%	Cons. · Japanese GAAP
FYE Mar 2019	-4.8	−123.9%	Cons. · Japanese GAAP
FYE Mar 2020	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-2.9	−1477.6%	Cons. · Japanese GAAP
FYE Mar 2022	6.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-7.8	−230.4%	Cons. · Japanese GAAP
FYE Mar 2024	28.3	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-11.6	−140.9%	Cons. · Japanese GAAP
FYE Mar 2026	18.2	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 4.2%

Average · 10 yrs 3.8%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	5.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.9	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2019	3.0	−4.9pp	Cons. · Japanese GAAP
FYE Mar 2020	3.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	1.1	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2022	4.4	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2023	0.9	−3.6pp	Cons. · Japanese GAAP
FYE Mar 2024	6.8	+5.9pp	Cons. · Japanese GAAP
FYE Mar 2025	1.0	−5.8pp	Cons. · Japanese GAAP
FYE Mar 2026	4.2	+3.2pp	Cons. · Japanese GAAP

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

Net cash

FYE Mar 2026 -¥76bn

Average · 10 yrs -¥8.7bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	13.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.3	+125.1%	Cons. · Japanese GAAP
FYE Mar 2019	23.7	−19.0%	Cons. · Japanese GAAP
FYE Mar 2020	30.2	+27.3%	Cons. · Japanese GAAP
FYE Mar 2021	14.9	−50.7%	Cons. · Japanese GAAP
FYE Mar 2022	5.0	−66.7%	Cons. · Japanese GAAP
FYE Mar 2023	-32.2	−748.1%	Cons. · Japanese GAAP
FYE Mar 2024	-25.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-69.8	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-75.9	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 ¥550bn

Change · 10 yrs +¥360bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	190	n/a
FYE Mar 2018	335	n/a
FYE Mar 2019	359	n/a
FYE Mar 2020	283	n/a
FYE Mar 2021	343	n/a
FYE Mar 2022	263	n/a
FYE Mar 2023	263	n/a
FYE Mar 2024	346	n/a
FYE Mar 2025	350	n/a
FYE Mar 2026	550	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 2,675¥

Change · 10 yrs +1,063¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,612	n/a
FYE Mar 2018	2,841	n/a
FYE Mar 2019	3,044	n/a
FYE Mar 2020	2,404	n/a
FYE Mar 2021	2,912	n/a
FYE Mar 2022	2,256	n/a
FYE Mar 2023	2,395	n/a
FYE Mar 2024	3,241	n/a
FYE Mar 2025	1,677	n/a
FYE Mar 2026	2,675	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 205,624,000shares

Change · 10 yrs +87,812,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	117,812,000	Parent
FYE Mar 2018	117,812,000	Parent
FYE Mar 2019	117,812,000	Parent
FYE Mar 2020	117,812,000	Parent
FYE Mar 2021	117,812,000	Parent
FYE Mar 2022	116,812,000	Parent
FYE Mar 2023	109,812,000	Parent
FYE Mar 2024	106,812,000	Parent
FYE Mar 2025	208,624,000	Parent
FYE Mar 2026	205,624,000	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 151.13¥

Change · 10 yrs +5.89¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	145.24	Cons.
FYE Mar 2018	189.42	Cons.
FYE Mar 2019	390.25	Cons.
FYE Mar 2020	69.87	Cons.
FYE Mar 2021	108.67	Cons.
FYE Mar 2022	125.32	Cons.
FYE Mar 2023	103.22	Cons.
FYE Mar 2024	94.76	Cons.
FYE Mar 2025	128.97	Cons.
FYE Mar 2026	151.13	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 1,663.84¥

Change · 10 yrs +321.93¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,341.91	Cons. · Japanese GAAP
FYE Mar 2018	1,492.71	Cons. · Japanese GAAP
FYE Mar 2019	2,243.00	Cons. · Japanese GAAP
FYE Mar 2020	2,264.39	Cons. · Japanese GAAP
FYE Mar 2021	2,426.88	Cons. · Japanese GAAP
FYE Mar 2022	2,598.67	Cons. · Japanese GAAP
FYE Mar 2023	2,764.00	Cons. · Japanese GAAP
FYE Mar 2024	2,933.79	Cons. · Japanese GAAP
FYE Mar 2025	1,539.35	Cons. · Japanese GAAP
FYE Mar 2026	1,663.84	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 17.70×

Average · 10 yrs 13.29×

Fiscal year	PER ×	Basis
FYE Mar 2017	11.10	Cons.
FYE Mar 2018	15.00	Cons.
FYE Mar 2019	7.80	Cons.
FYE Mar 2020	17.20	Cons.
FYE Mar 2021	13.40	Cons.
FYE Mar 2022	9.00	Cons.
FYE Mar 2023	11.60	Cons.
FYE Mar 2024	17.10	Cons.
FYE Mar 2025	13.00	Cons.
FYE Mar 2026	17.70	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 1.60×

Average · 10 yrs 1.14×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.97	Cons.
FYE Mar 2018	1.54	Cons.
FYE Mar 2019	1.30	Cons.
FYE Mar 2020	1.00	Cons.
FYE Mar 2021	1.13	Cons.
FYE Mar 2022	0.82	Cons.
FYE Mar 2023	0.85	Cons.
FYE Mar 2024	1.09	Cons.
FYE Mar 2025	1.08	Cons.
FYE Mar 2026	1.60	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 17,751people

Change · 10 yrs +9,677 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	8,074	n/a	Cons.
FYE Mar 2018	8,331	+3.2%	Cons.
FYE Mar 2019	13,151	+57.9%	Cons.
FYE Mar 2020	13,882	+5.6%	Cons.
FYE Mar 2021	14,374	+3.5%	Cons.
FYE Mar 2022	15,847	+10.2%	Cons.
FYE Mar 2023	16,772	+5.8%	Cons.
FYE Mar 2024	17,056	+1.7%	Cons.
FYE Mar 2025	17,260	+1.2%	Cons.
FYE Mar 2026	17,751	+2.8%	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 3,781people

Change · 10 yrs +47 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	3,734	n/a	Parent
FYE Mar 2018	3,749	+0.4%	Parent
FYE Mar 2019	3,804	+1.5%	Parent
FYE Mar 2020	4,011	+5.4%	Parent
FYE Mar 2021	4,134	+3.1%	Parent
FYE Mar 2022	4,194	+1.5%	Parent
FYE Mar 2023	3,851	−8.2%	Parent
FYE Mar 2024	3,766	−2.2%	Parent
FYE Mar 2025	3,778	+0.3%	Parent
FYE Mar 2026	3,781	+0.1%	Parent

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

Average annual pay parent company

FYE Mar 2026 843万円

Change · 8 yrs +87万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	756	n/a	Parent
FYE Mar 2020	760	+0.5%	Parent
FYE Mar 2021	739	−2.8%	Parent
FYE Mar 2022	772	+4.4%	Parent
FYE Mar 2023	772	+0.1%	Parent
FYE Mar 2024	746	−3.4%	Parent
FYE Mar 2025	776	+4.0%	Parent
FYE Mar 2026	843	+8.7%	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 45.1years

Change · 8 yrs +2.8 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	42.3	n/a	Parent
FYE Mar 2020	42.7	+0.9%	Parent
FYE Mar 2021	42.8	+0.2%	Parent
FYE Mar 2022	43.2	+0.9%	Parent
FYE Mar 2023	43.7	+1.2%	Parent
FYE Mar 2024	44.2	+1.1%	Parent
FYE Mar 2025	44.7	+1.1%	Parent
FYE Mar 2026	45.1	+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 Mar 2026 19.1years

Change · 8 yrs +2.0 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	17.1	n/a	Parent
FYE Mar 2020	17.3	+1.2%	Parent
FYE Mar 2021	17.3	−0.0%	Parent
FYE Mar 2022	17.6	+1.7%	Parent
FYE Mar 2023	17.9	+1.7%	Parent
FYE Mar 2024	18.3	+2.2%	Parent
FYE Mar 2025	18.7	+2.2%	Parent
FYE Mar 2026	19.1	+2.1%	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 2,907people

Change · 10 yrs +571 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	2,336	n/a	n/a
FYE Mar 2018	2,637	+12.9%	n/a
FYE Mar 2019	2,896	+9.8%	n/a
FYE Mar 2020	3,582	+23.7%	n/a
FYE Mar 2021	3,887	+8.5%	n/a
FYE Mar 2022	4,081	+5.0%	n/a
FYE Mar 2023	4,075	−0.1%	n/a
FYE Mar 2024	3,306	−18.9%	n/a
FYE Mar 2025	2,799	−15.3%	n/a
FYE Mar 2026	2,907	+3.9%	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 ¥44.4m

Change · 10 yrs +¥7.4m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	37.0	n/a	Cons.
FYE Mar 2018	37.5	+1.4%	Cons.
FYE Mar 2019	32.2	−14.2%	Cons.
FYE Mar 2020	37.8	+17.3%	Cons.
FYE Mar 2021	39.9	+5.6%	Cons.
FYE Mar 2022	37.5	−5.9%	Cons.
FYE Mar 2023	37.4	−0.3%	Cons.
FYE Mar 2024	36.0	−3.8%	Cons.
FYE Mar 2025	38.9	+7.9%	Cons.
FYE Mar 2026	44.4	+14.2%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥2.9m

Change · 10 yrs +¥0.3m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.6	n/a	Cons.
FYE Mar 2018	3.1	+19.0%	Cons.
FYE Mar 2019	2.4	−21.6%	Cons.
FYE Mar 2020	2.2	−7.1%	Cons.
FYE Mar 2021	2.5	+13.7%	Cons.
FYE Mar 2022	2.7	+5.0%	Cons.
FYE Mar 2023	1.9	−27.4%	Cons.
FYE Mar 2024	2.0	+3.1%	Cons.
FYE Mar 2025	2.5	+23.0%	Cons.
FYE Mar 2026	2.9	+19.1%	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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