Financials

JGC Holdings: FYE Mar 2026 and ten years of results (51 metrics)

FYE Mar 2026 · Revenue¥745bnYoY −13.1%

FYE Mar 2026 · Operating profit¥35bn

FYE Mar 2026 · Net profit¥42bn

FYE Mar 2026 · Equity ratio51.2%YoY +1.4pp

FYE Mar 2026 · Group employees8,154YoY −211

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥693bn	n/a	-¥21bn	n/a	-3.1%	-¥22bn	Kawana Koichi	—
FYE Mar 2018Consolidated	¥723bn	+4.3%	¥21bn	n/a	3.0%	¥17bn	Kawana Koichi	First loss in nineteen years
FYE Mar 2019Consolidated	¥619bn	−14.3%	¥23bn	+8.2%	3.8%	¥24bn	Ishizuka Tadashi	—
FYE Mar 2020Consolidated	¥481bn	−22.4%	¥20bn	−13.0%	4.2%	¥4.1bn	Ishizuka Tadashi	Moves to a holding-company structure as JGC Holdings
FYE Mar 2021Consolidated	¥434bn	−9.7%	¥23bn	+13.1%	5.3%	¥5.1bn	Ishizuka Tadashi	—
FYE Mar 2022Consolidated	¥428bn	−1.3%	¥21bn	−9.6%	4.8%	-¥36bn	Ishizuka Tadashi	—
FYE Mar 2023Consolidated	¥607bn	+41.7%	¥37bn	+77.4%	6.0%	¥31bn	Ishizuka Tadashi	¥57.5bn special loss on Ichthys LNG
FYE Mar 2024Consolidated	¥833bn	+37.2%	-¥19bn	−151.8%	-2.3%	-¥7.8bn	Ishizuka Tadashi	—
FYE Mar 2025Consolidated	¥858bn	+3.1%	-¥11bn	n/a	-1.3%	-¥0.4bn	Ishizuka Tadashi	—
FYE Mar 2026Consolidated	¥745bn	−13.1%	¥35bn	n/a	4.7%	¥42bn	Ishizuka Tadashi	—

How it compares

JGC Holdings¥745bnFY2025Operating margin 4.7%

Modec¥717bnFY2025Operating margin 9.6%Kanadevia (Hitachi Zosen)¥645bnFY2025Operating margin 1.9%

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 ¥745bn

CAGR · 10 yrs +0.8%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	693	n/a	Cons. · Japanese GAAP
FYE Mar 2018	723	+4.3%	Cons. · Japanese GAAP
FYE Mar 2019	619	−14.3%	Cons. · Japanese GAAP
FYE Mar 2020	481	−22.4%	Cons. · Japanese GAAP
FYE Mar 2021	434	−9.7%	Cons. · Japanese GAAP
FYE Mar 2022	428	−1.3%	Cons. · Japanese GAAP
FYE Mar 2023	607	+41.7%	Cons. · Japanese GAAP
FYE Mar 2024	833	+37.2%	Cons. · Japanese GAAP
FYE Mar 2025	858	+3.1%	Cons. · Japanese GAAP
FYE Mar 2026	745	−13.1%	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 ¥681bn

CAGR · 10 yrs −0.2%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	692	n/a	Cons. · Japanese GAAP
FYE Mar 2018	678	−2.0%	Cons. · Japanese GAAP
FYE Mar 2019	574	−15.3%	Cons. · Japanese GAAP
FYE Mar 2020	437	−23.8%	Cons. · Japanese GAAP
FYE Mar 2021	390	−10.8%	Cons. · Japanese GAAP
FYE Mar 2022	383	−1.8%	Cons. · Japanese GAAP
FYE Mar 2023	540	+41.0%	Cons. · Japanese GAAP
FYE Mar 2024	822	+52.2%	Cons. · Japanese GAAP
FYE Mar 2025	839	+2.1%	Cons. · Japanese GAAP
FYE Mar 2026	681	−18.8%	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 ¥64bn

CAGR · 10 yrs +52.3%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	44.9	+2995.7%	Cons. · Japanese GAAP
FYE Mar 2019	45.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	43.3	−3.6%	Cons. · Japanese GAAP
FYE Mar 2021	43.8	+1.0%	Cons. · Japanese GAAP
FYE Mar 2022	45.4	+3.6%	Cons. · Japanese GAAP
FYE Mar 2023	66.7	+47.1%	Cons. · Japanese GAAP
FYE Mar 2024	10.7	−84.0%	Cons. · Japanese GAAP
FYE Mar 2025	18.9	+77.5%	Cons. · Japanese GAAP
FYE Mar 2026	64.1	+238.9%	Cons. · Japanese GAAP

Definition: What the product or service itself earns
Formula: Revenue − cost of sales
Source: Securities report (XBRL)

SG&A selling, general and administrative expenses

FYE Mar 2026 ¥29bn

CAGR · 10 yrs +2.5%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	22.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.5	+2.2%	Cons. · Japanese GAAP
FYE Mar 2019	21.7	−7.4%	Cons. · Japanese GAAP
FYE Mar 2020	23.1	+6.5%	Cons. · Japanese GAAP
FYE Mar 2021	20.9	−9.6%	Cons. · Japanese GAAP
FYE Mar 2022	24.7	+18.1%	Cons. · Japanese GAAP
FYE Mar 2023	30.0	+21.6%	Cons. · Japanese GAAP
FYE Mar 2024	29.7	−1.2%	Cons. · Japanese GAAP
FYE Mar 2025	30.4	+2.5%	Cons. · Japanese GAAP
FYE Mar 2026	28.7	−5.4%	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 ¥35bn

Average · 10 yrs ¥13bn

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	-21.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	23.2	+8.2%	Cons. · Japanese GAAP
FYE Mar 2020	20.2	−13.0%	Cons. · Japanese GAAP
FYE Mar 2021	22.9	+13.1%	Cons. · Japanese GAAP
FYE Mar 2022	20.7	−9.6%	Cons. · Japanese GAAP
FYE Mar 2023	36.7	+77.4%	Cons. · Japanese GAAP
FYE Mar 2024	-19.0	−151.8%	Cons. · Japanese GAAP
FYE Mar 2025	-11.5	n/a	Cons. · Japanese GAAP
FYE Mar 2026	35.4	n/a	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥25bn

CAGR · 10 yrs +11.6%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	9.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.5	−18.5%	Cons. · Japanese GAAP
FYE Mar 2019	10.3	+38.5%	Cons. · Japanese GAAP
FYE Mar 2020	11.1	+7.1%	Cons. · Japanese GAAP
FYE Mar 2021	5.2	−53.1%	Cons. · Japanese GAAP
FYE Mar 2022	9.8	+89.5%	Cons. · Japanese GAAP
FYE Mar 2023	15.3	+55.2%	Cons. · Japanese GAAP
FYE Mar 2024	22.7	+48.9%	Cons. · Japanese GAAP
FYE Mar 2025	27.0	+18.7%	Cons. · Japanese GAAP
FYE Mar 2026	24.5	−9.0%	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 ¥1.8bn

CAGR · 10 yrs −5.3%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	2.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.0	+40.0%	Cons. · Japanese GAAP
FYE Mar 2019	1.3	−68.2%	Cons. · Japanese GAAP
FYE Mar 2020	8.9	+597.8%	Cons. · Japanese GAAP
FYE Mar 2021	2.6	−71.3%	Cons. · Japanese GAAP
FYE Mar 2022	0.5	−80.8%	Cons. · Japanese GAAP
FYE Mar 2023	1.4	+184.5%	Cons. · Japanese GAAP
FYE Mar 2024	3.4	+140.7%	Cons. · Japanese GAAP
FYE Mar 2025	4.2	+23.9%	Cons. · Japanese GAAP
FYE Mar 2026	1.8	−57.8%	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 ¥58bn

Average · 10 yrs ¥24bn

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	-15.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	24.9	n/a	Cons. · Japanese GAAP
FYE Mar 2019	32.3	+29.6%	Cons. · Japanese GAAP
FYE Mar 2020	22.4	−30.8%	Cons. · Japanese GAAP
FYE Mar 2021	25.5	+14.0%	Cons. · Japanese GAAP
FYE Mar 2022	30.0	+17.7%	Cons. · Japanese GAAP
FYE Mar 2023	50.6	+68.4%	Cons. · Japanese GAAP
FYE Mar 2024	0.4	−99.3%	Cons. · Japanese GAAP
FYE Mar 2025	11.3	+3062.0%	Cons. · Japanese GAAP
FYE Mar 2026	58.2	+414.0%	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 ¥3.5bn

CAGR · 10 yrs −7.8%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	7.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.9	+149.2%	Cons. · Japanese GAAP
FYE Mar 2019	2.6	−85.3%	Cons. · Japanese GAAP
FYE Mar 2020	7.9	+201.7%	Cons. · Japanese GAAP
FYE Mar 2021	1.9	−76.5%	Cons. · Japanese GAAP
FYE Mar 2022	1.0	−47.2%	Cons. · Japanese GAAP
FYE Mar 2023	3.8	+285.2%	Cons. · Japanese GAAP
FYE Mar 2024	3.2	−15.5%	Cons. · Japanese GAAP
FYE Mar 2025	0.3	−91.5%	Cons. · Japanese GAAP
FYE Mar 2026	3.5	+1164.6%	Cons. · Japanese GAAP

Definition: One-off gains, such as an asset sale
Formula: Extraordinary income line of the income statement
Source: Securities report (XBRL)

Extraordinary loss

FYE Mar 2026 n/a

CAGR · 4 yrs −59.1%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.1	n/a	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2020	4.4	n/a	Cons. · Japanese GAAP
FYE Mar 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	58.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	0.8	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

Definition: One-off losses, such as an impairment or a restructuring charge
Formula: Extraordinary loss line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥42bn

Average · 10 yrs ¥5.7bn

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	-22.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.6	n/a	Cons. · Japanese GAAP
FYE Mar 2019	24.0	+44.7%	Cons. · Japanese GAAP
FYE Mar 2020	4.1	−82.8%	Cons. · Japanese GAAP
FYE Mar 2021	5.1	+24.9%	Cons. · Japanese GAAP
FYE Mar 2022	-35.6	−791.5%	Cons. · Japanese GAAP
FYE Mar 2023	30.7	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-7.8	−125.5%	Cons. · Japanese GAAP
FYE Mar 2025	-0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2026	41.8	n/a	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 8.6%

Average · 10 yrs 6.6%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.2	+6.0pp	Cons. · Japanese GAAP
FYE Mar 2019	7.3	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2020	9.0	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	10.1	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	10.6	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	11.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	1.3	−9.7pp	Cons. · Japanese GAAP
FYE Mar 2025	2.2	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	8.6	+6.4pp	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 4.7%

Average · 10 yrs 2.5%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	-3.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.0	+6.1pp	Cons. · Japanese GAAP
FYE Mar 2019	3.8	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	4.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	5.3	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	4.8	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	6.0	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	-2.3	−8.3pp	Cons. · Japanese GAAP
FYE Mar 2025	-1.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	4.7	+6.1pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Mar 2026 7.8%

Average · 10 yrs 4.2%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	-2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.4	+5.6pp	Cons. · Japanese GAAP
FYE Mar 2019	5.2	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2020	4.7	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	5.9	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2022	7.0	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	8.3	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2024	0.0	−8.3pp	Cons. · Japanese GAAP
FYE Mar 2025	1.3	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2026	7.8	+6.5pp	Cons. · Japanese GAAP

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

Net margin

FYE Mar 2026 5.6%

Average · 10 yrs 0.6%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	-3.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.3	+5.5pp	Cons. · Japanese GAAP
FYE Mar 2019	3.9	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	0.9	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2021	1.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	-8.3	−9.5pp	Cons. · Japanese GAAP
FYE Mar 2023	5.1	+13.4pp	Cons. · Japanese GAAP
FYE Mar 2024	-0.9	−6.0pp	Cons. · Japanese GAAP
FYE Mar 2025	-0.0	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	5.6	+5.7pp	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 91.4%

Average · 10 yrs 93.4%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	99.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	93.8	−6.0pp	Cons. · Japanese GAAP
FYE Mar 2019	92.7	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2020	91.0	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	89.9	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	89.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	89.0	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	98.7	+9.7pp	Cons. · Japanese GAAP
FYE Mar 2025	97.8	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	91.4	−6.4pp	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 3.9%

Average · 10 yrs 4.1%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	3.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.2	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	3.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	4.8	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	4.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	5.8	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	4.9	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	3.6	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2025	3.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	3.9	+0.3pp	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 ¥839bn

CAGR · 10 yrs +2.9%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	646	n/a	Cons. · Japanese GAAP
FYE Mar 2018	685	+6.0%	Cons. · Japanese GAAP
FYE Mar 2019	709	+3.5%	Cons. · Japanese GAAP
FYE Mar 2020	671	−5.3%	Cons. · Japanese GAAP
FYE Mar 2021	703	+4.7%	Cons. · Japanese GAAP
FYE Mar 2022	694	−1.2%	Cons. · Japanese GAAP
FYE Mar 2023	713	+2.7%	Cons. · Japanese GAAP
FYE Mar 2024	792	+11.1%	Cons. · Japanese GAAP
FYE Mar 2025	784	−1.0%	Cons. · Japanese GAAP
FYE Mar 2026	839	+7.0%	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 ¥429bn

CAGR · 10 yrs +1.3%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	382	n/a	Cons. · Japanese GAAP
FYE Mar 2018	395	+3.3%	Cons. · Japanese GAAP
FYE Mar 2019	409	+3.7%	Cons. · Japanese GAAP
FYE Mar 2020	391	−4.6%	Cons. · Japanese GAAP
FYE Mar 2021	417	+6.8%	Cons. · Japanese GAAP
FYE Mar 2022	387	−7.2%	Cons. · Japanese GAAP
FYE Mar 2023	397	+2.6%	Cons. · Japanese GAAP
FYE Mar 2024	386	−2.8%	Cons. · Japanese GAAP
FYE Mar 2025	391	+1.2%	Cons. · Japanese GAAP
FYE Mar 2026	429	+9.9%	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 ¥14bn

CAGR · 10 yrs −6.7%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	26.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.7	−33.8%	Cons. · Japanese GAAP
FYE Mar 2019	4.6	−74.2%	Cons. · Japanese GAAP
FYE Mar 2020	0.6	−87.4%	Cons. · Japanese GAAP
FYE Mar 2021	17.0	+2862.9%	Cons. · Japanese GAAP
FYE Mar 2022	13.7	−19.7%	Cons. · Japanese GAAP
FYE Mar 2023	16.2	+18.8%	Cons. · Japanese GAAP
FYE Mar 2024	18.5	+14.2%	Cons. · Japanese GAAP
FYE Mar 2025	14.1	−23.7%	Cons. · Japanese GAAP
FYE Mar 2026	14.3	+1.5%	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 ¥0.3bn

CAGR · 10 yrs −34.2%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	14.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.4	−4.9%	Cons. · Japanese GAAP
FYE Mar 2019	0.6	−95.4%	Cons. · Japanese GAAP
FYE Mar 2020	0.2	−63.0%	Cons. · Japanese GAAP
FYE Mar 2021	0.6	+159.0%	Cons. · Japanese GAAP
FYE Mar 2022	2.2	+268.5%	Cons. · Japanese GAAP
FYE Mar 2023	2.3	+7.8%	Cons. · Japanese GAAP
FYE Mar 2024	3.8	+63.4%	Cons. · Japanese GAAP
FYE Mar 2025	0.3	−93.5%	Cons. · Japanese GAAP
FYE Mar 2026	0.3	+30.0%	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 ¥14bn

CAGR · 10 yrs +1.2%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	12.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.3	−66.0%	Cons. · Japanese GAAP
FYE Mar 2019	3.9	−8.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.3	−91.2%	Cons. · Japanese GAAP
FYE Mar 2021	16.8	+4736.6%	Cons. · Japanese GAAP
FYE Mar 2022	20.2	+20.1%	Cons. · Japanese GAAP
FYE Mar 2023	14.4	−28.4%	Cons. · Japanese GAAP
FYE Mar 2024	15.5	+7.1%	Cons. · Japanese GAAP
FYE Mar 2025	14.6	−5.3%	Cons. · Japanese GAAP
FYE Mar 2026	14.0	−4.2%	Cons. · Japanese GAAP

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

Bonds

FYE Mar 2026 n/a

CAGR · 8 yrs −12.3%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	50.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	50.0	−0.4%	Cons. · Japanese GAAP
FYE Mar 2020	50.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2021	50.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2022	50.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2023	20.0	−60.0%	Cons. · Japanese GAAP
FYE Mar 2024	20.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2025	20.0	−0.0%	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 ¥15bn

CAGR · 10 yrs +5.4%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	9.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.8	+4.7%	Cons. · Japanese GAAP
FYE Mar 2019	10.0	+2.8%	Cons. · Japanese GAAP
FYE Mar 2020	10.2	+1.4%	Cons. · Japanese GAAP
FYE Mar 2021	6.9	−32.6%	Cons. · Japanese GAAP
FYE Mar 2022	9.7	+40.9%	Cons. · Japanese GAAP
FYE Mar 2023	11.0	+13.9%	Cons. · Japanese GAAP
FYE Mar 2024	13.3	+20.9%	Cons. · Japanese GAAP
FYE Mar 2025	14.2	+6.8%	Cons. · Japanese GAAP
FYE Mar 2026	14.9	+4.8%	Cons. · Japanese GAAP

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

Equity ratio

FYE Mar 2026 51.2%

Average · 10 yrs 55.3%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	59.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	57.6	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	57.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	58.2	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	59.4	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2022	55.8	−3.6pp	Cons. · Japanese GAAP
FYE Mar 2023	55.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	48.7	−7.0pp	Cons. · Japanese GAAP
FYE Mar 2025	49.8	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	51.2	+1.4pp	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 3.3%

Average · 10 yrs 3.6%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.5	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2019	1.1	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2020	0.1	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	4.1	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2022	3.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	4.1	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	4.8	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	3.6	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	3.3	−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 9.7%

Average · 10 yrs 1.3%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	-5.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.2	+10.0pp	Cons. · Japanese GAAP
FYE Mar 2019	5.9	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	1.1	−4.8pp	Cons. · Japanese GAAP
FYE Mar 2021	1.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	-9.2	−10.4pp	Cons. · Japanese GAAP
FYE Mar 2023	7.7	+16.9pp	Cons. · Japanese GAAP
FYE Mar 2024	-2.0	−9.7pp	Cons. · Japanese GAAP
FYE Mar 2025	-0.1	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2026	9.7	+9.8pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 5.0%

Average · 10 yrs 0.7%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	-3.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.4	+5.8pp	Cons. · Japanese GAAP
FYE Mar 2019	3.4	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2020	0.6	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2021	0.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	-5.1	−5.9pp	Cons. · Japanese GAAP
FYE Mar 2023	4.3	+9.4pp	Cons. · Japanese GAAP
FYE Mar 2024	-1.0	−5.3pp	Cons. · Japanese GAAP
FYE Mar 2025	-0.1	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	5.0	+5.0pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.89×

CAGR · 10 yrs −2.1%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.07	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.06	−1.6%	Cons. · Japanese GAAP
FYE Mar 2019	0.87	−17.2%	Cons. · Japanese GAAP
FYE Mar 2020	0.72	−18.0%	Cons. · Japanese GAAP
FYE Mar 2021	0.62	−13.8%	Cons. · Japanese GAAP
FYE Mar 2022	0.62	−0.1%	Cons. · Japanese GAAP
FYE Mar 2023	0.85	+37.9%	Cons. · Japanese GAAP
FYE Mar 2024	1.05	+23.5%	Cons. · Japanese GAAP
FYE Mar 2025	1.09	+4.1%	Cons. · Japanese GAAP
FYE Mar 2026	0.89	−18.8%	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 ¥80bn

Average · 10 yrs ¥29bn

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-28.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-55.3	−1097.6%	Cons. · Japanese GAAP
FYE Mar 2020	92.4	n/a	Cons. · Japanese GAAP
FYE Mar 2021	12.5	−86.5%	Cons. · Japanese GAAP
FYE Mar 2022	19.3	+54.9%	Cons. · Japanese GAAP
FYE Mar 2023	111	+473.6%	Cons. · Japanese GAAP
FYE Mar 2024	11.1	−90.0%	Cons. · Japanese GAAP
FYE Mar 2025	46.8	+321.7%	Cons. · Japanese GAAP
FYE Mar 2026	79.9	+70.9%	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 -¥7.5bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-13.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-4.7	−139.7%	Cons. · Japanese GAAP
FYE Mar 2020	19.4	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-13.5	−169.8%	Cons. · Japanese GAAP
FYE Mar 2022	-7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-11.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-20.2	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-21.2	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-14.8	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 -¥11bn

Average · 10 yrs -¥10bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-19.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.8	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-13.9	−141.1%	Cons. · Japanese GAAP
FYE Mar 2020	-7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2021	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-0.1	−175.5%	Cons. · Japanese GAAP
FYE Mar 2023	-61.3	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-8.9	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-15.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-11.0	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 ¥400bn

CAGR · 10 yrs +8.9%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	186	n/a	Cons. · Japanese GAAP
FYE Mar 2018	235	+26.8%	Cons. · Japanese GAAP
FYE Mar 2019	161	−31.7%	Cons. · Japanese GAAP
FYE Mar 2020	262	+62.8%	Cons. · Japanese GAAP
FYE Mar 2021	268	+2.4%	Cons. · Japanese GAAP
FYE Mar 2022	288	+7.4%	Cons. · Japanese GAAP
FYE Mar 2023	333	+15.5%	Cons. · Japanese GAAP
FYE Mar 2024	325	−2.5%	Cons. · Japanese GAAP
FYE Mar 2025	333	+2.5%	Cons. · Japanese GAAP
FYE Mar 2026	400	+20.3%	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 ¥65bn

Average · 10 yrs ¥22bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	-41.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.3	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-59.9	−446.9%	Cons. · Japanese GAAP
FYE Mar 2020	112	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-1.1	−100.9%	Cons. · Japanese GAAP
FYE Mar 2022	11.6	n/a	Cons. · Japanese GAAP
FYE Mar 2023	99.3	+754.8%	Cons. · Japanese GAAP
FYE Mar 2024	-9.1	−109.2%	Cons. · Japanese GAAP
FYE Mar 2025	25.6	n/a	Cons. · Japanese GAAP
FYE Mar 2026	65.1	+154.3%	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 10.7%

Average · 10 yrs 5.0%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	-4.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.8	+4.9pp	Cons. · Japanese GAAP
FYE Mar 2019	-8.9	−9.7pp	Cons. · Japanese GAAP
FYE Mar 2020	19.2	+28.2pp	Cons. · Japanese GAAP
FYE Mar 2021	2.9	−16.4pp	Cons. · Japanese GAAP
FYE Mar 2022	4.5	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	18.3	+13.7pp	Cons. · Japanese GAAP
FYE Mar 2024	1.3	−16.9pp	Cons. · Japanese GAAP
FYE Mar 2025	5.4	+4.1pp	Cons. · Japanese GAAP
FYE Mar 2026	10.7	+5.3pp	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 ¥386bn

CAGR · 10 yrs +10.4%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	159	n/a	Cons. · Japanese GAAP
FYE Mar 2018	218	+37.0%	Cons. · Japanese GAAP
FYE Mar 2019	156	−28.2%	Cons. · Japanese GAAP
FYE Mar 2020	261	+67.2%	Cons. · Japanese GAAP
FYE Mar 2021	251	−3.8%	Cons. · Japanese GAAP
FYE Mar 2022	274	+9.2%	Cons. · Japanese GAAP
FYE Mar 2023	317	+15.4%	Cons. · Japanese GAAP
FYE Mar 2024	306	−3.3%	Cons. · Japanese GAAP
FYE Mar 2025	319	+4.1%	Cons. · Japanese GAAP
FYE Mar 2026	386	+21.2%	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 ¥555bn

Change · 6 yrs −¥44bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	n/a	n/a
FYE Mar 2018	599	n/a
FYE Mar 2019	381	n/a
FYE Mar 2020	225	n/a
FYE Mar 2021	352	n/a
FYE Mar 2022	n/a	n/a
FYE Mar 2023	426	n/a
FYE Mar 2024	n/a	n/a
FYE Mar 2025	n/a	n/a
FYE Mar 2026	555	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 2,272¥

Change · 6 yrs −41¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	n/a	n/a
FYE Mar 2018	2,314	n/a
FYE Mar 2019	1,471	n/a
FYE Mar 2020	868	n/a
FYE Mar 2021	1,356	n/a
FYE Mar 2022	n/a	n/a
FYE Mar 2023	1,641	n/a
FYE Mar 2024	n/a	n/a
FYE Mar 2025	n/a	n/a
FYE Mar 2026	2,272	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 244,293,000shares

Change · 10 yrs −14,759,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	259,052,000	Parent
FYE Mar 2018	259,052,000	Parent
FYE Mar 2019	259,052,000	Parent
FYE Mar 2020	259,110,000	Parent
FYE Mar 2021	259,214,000	Parent
FYE Mar 2022	259,336,000	Parent
FYE Mar 2023	259,409,000	Parent
FYE Mar 2024	259,481,000	Parent
FYE Mar 2025	259,618,000	Parent
FYE Mar 2026	244,293,000	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 173.06¥

Change · 10 yrs +260.48¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	-87.42	Cons.
FYE Mar 2018	65.75	Cons.
FYE Mar 2019	95.14	Cons.
FYE Mar 2020	16.32	Cons.
FYE Mar 2021	20.37	Cons.
FYE Mar 2022	-140.77	Cons.
FYE Mar 2023	122.28	Cons.
FYE Mar 2024	-32.48	Cons.
FYE Mar 2025	-1.65	Cons.
FYE Mar 2026	173.06	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 1,757.80¥

Change · 10 yrs +282.37¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,475.44	Cons. · Japanese GAAP
FYE Mar 2018	1,523.64	Cons. · Japanese GAAP
FYE Mar 2019	1,579.81	Cons. · Japanese GAAP
FYE Mar 2020	1,507.14	Cons. · Japanese GAAP
FYE Mar 2021	1,609.18	Cons. · Japanese GAAP
FYE Mar 2022	1,492.83	Cons. · Japanese GAAP
FYE Mar 2023	1,531.73	Cons. · Japanese GAAP
FYE Mar 2024	1,488.18	Cons. · Japanese GAAP
FYE Mar 2025	1,504.73	Cons. · Japanese GAAP
FYE Mar 2026	1,757.80	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 13.13×

Average · 6 yrs 32.83×

Fiscal year	PER ×	Basis
FYE Mar 2017	n/a	Cons.
FYE Mar 2018	35.19	Cons.
FYE Mar 2019	15.46	Cons.
FYE Mar 2020	53.19	Cons.
FYE Mar 2021	66.57	Cons.
FYE Mar 2022	n/a	Cons.
FYE Mar 2023	13.42	Cons.
FYE Mar 2024	n/a	Cons.
FYE Mar 2025	n/a	Cons.
FYE Mar 2026	13.13	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 1.28×

Average · 6 yrs 1.01×

Fiscal year	PBR ×	Basis
FYE Mar 2017	n/a	Cons.
FYE Mar 2018	1.48	Cons.
FYE Mar 2019	0.91	Cons.
FYE Mar 2020	0.56	Cons.
FYE Mar 2021	0.82	Cons.
FYE Mar 2022	n/a	Cons.
FYE Mar 2023	0.99	Cons.
FYE Mar 2024	n/a	Cons.
FYE Mar 2025	n/a	Cons.
FYE Mar 2026	1.28	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 8,154people

Change · 10 yrs +600 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	7,554	n/a	Cons.
FYE Mar 2018	7,610	+0.7%	Cons.
FYE Mar 2019	7,841	+3.0%	Cons.
FYE Mar 2020	7,607	−3.0%	Cons.
FYE Mar 2021	7,371	−3.1%	Cons.
FYE Mar 2022	7,275	−1.3%	Cons.
FYE Mar 2023	7,876	+8.3%	Cons.
FYE Mar 2024	8,865	+12.6%	Cons.
FYE Mar 2025	8,365	−5.6%	Cons.
FYE Mar 2026	8,154	−2.5%	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 245people

Change · 10 yrs −2,078 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	2,323	n/a	Parent
FYE Mar 2018	2,291	−1.4%	Parent
FYE Mar 2019	2,276	−0.7%	Parent
FYE Mar 2020	236	−89.6%	Parent
FYE Mar 2021	278	+17.8%	Parent
FYE Mar 2022	283	+1.8%	Parent
FYE Mar 2023	313	+10.6%	Parent
FYE Mar 2024	249	−20.4%	Parent
FYE Mar 2025	248	−0.4%	Parent
FYE Mar 2026	245	−1.2%	Parent

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

Average annual pay parent company

FYE Mar 2026 975万円

Change · 10 yrs −26万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	1,001	n/a	Parent
FYE Mar 2018	894	−10.6%	Parent
FYE Mar 2019	956	+7.0%	Parent
FYE Mar 2020	865	−9.6%	Parent
FYE Mar 2021	841	−2.8%	Parent
FYE Mar 2022	855	+1.6%	Parent
FYE Mar 2023	844	−1.2%	Parent
FYE Mar 2024	1,083	+28.3%	Parent
FYE Mar 2025	931	−14.1%	Parent
FYE Mar 2026	975	+4.8%	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 Mar 2026 44.6years

Change · 8 yrs +1.0 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	43.6	n/a	Parent
FYE Mar 2020	45.7	+4.8%	Parent
FYE Mar 2021	44.4	−2.8%	Parent
FYE Mar 2022	44.0	−0.9%	Parent
FYE Mar 2023	43.0	−2.3%	Parent
FYE Mar 2024	44.8	+4.2%	Parent
FYE Mar 2025	43.7	−2.5%	Parent
FYE Mar 2026	44.6	+2.1%	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 12.8years

Change · 10 yrs −4.8 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	17.6	n/a	Parent
FYE Mar 2018	17.8	+1.1%	Parent
FYE Mar 2019	17.5	−1.7%	Parent
FYE Mar 2020	18.6	+6.3%	Parent
FYE Mar 2021	17.8	−4.3%	Parent
FYE Mar 2022	16.5	−7.3%	Parent
FYE Mar 2023	14.8	−10.3%	Parent
FYE Mar 2024	14.4	−2.7%	Parent
FYE Mar 2025	12.3	−14.6%	Parent
FYE Mar 2026	12.8	+4.1%	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 2,627people

Change · 10 yrs +297 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	2,330	n/a	n/a
FYE Mar 2018	2,676	+14.8%	n/a
FYE Mar 2019	2,562	−4.3%	n/a
FYE Mar 2020	2,195	−14.3%	n/a
FYE Mar 2021	1,863	−15.1%	n/a
FYE Mar 2022	1,794	−3.7%	n/a
FYE Mar 2023	2,516	+40.2%	n/a
FYE Mar 2024	2,720	+8.1%	n/a
FYE Mar 2025	2,356	−13.4%	n/a
FYE Mar 2026	2,627	+11.5%	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 ¥91.4m

Change · 10 yrs −¥0.4m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	91.8	n/a	Cons.
FYE Mar 2018	95.0	+3.5%	Cons.
FYE Mar 2019	79.0	−16.9%	Cons.
FYE Mar 2020	63.2	−20.0%	Cons.
FYE Mar 2021	58.9	−6.9%	Cons.
FYE Mar 2022	58.9	−0.0%	Cons.
FYE Mar 2023	77.1	+30.9%	Cons.
FYE Mar 2024	93.9	+21.9%	Cons.
FYE Mar 2025	103	+9.2%	Cons.
FYE Mar 2026	91.4	−10.9%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥4.3m

Change · 10 yrs +¥7.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	-2.8	n/a	Cons.
FYE Mar 2018	2.8	n/a	Cons.
FYE Mar 2019	3.0	+5.0%	Cons.
FYE Mar 2020	2.7	−10.3%	Cons.
FYE Mar 2021	3.1	+16.7%	Cons.
FYE Mar 2022	2.8	−8.4%	Cons.
FYE Mar 2023	4.7	+63.9%	Cons.
FYE Mar 2024	-2.1	−146.0%	Cons.
FYE Mar 2025	-1.4	n/a	Cons.
FYE Mar 2026	4.3	n/a	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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