Financials

Nisshin Seifun Group: FYE Mar 2026 and ten years of results (51 metrics)

FYE Mar 2026 · Revenue¥865bnYoY +1.6%

FYE Mar 2026 · Operating profit¥47bnYoY +0.7%

FYE Mar 2026 · Net profit¥33bnYoY −6.0%

FYE Mar 2026 · Equity ratio61.1%YoY −0.4pp

FYE Mar 2026 · Group employees9,624YoY −107

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥532bn	n/a	¥26bn	n/a	4.8%	¥19bn	Oeda Hiroyuki	Joyous Foods made a subsidiary; <a class="en-history_person" href="/tse/2002/executives/ceo/kenmoku-nobuki/" hreflang="ja">Kenmoku Nobuki</a> (<span class="en-history_ja">見目信樹</span>) becomes president
FYE Mar 2018Consolidated	¥540bn	+1.5%	¥27bn	+6.6%	5.0%	¥21bn	Oeda Hiroyuki	—
FYE Mar 2019Consolidated	¥565bn	+4.7%	¥27bn	−1.0%	4.8%	¥22bn	Kenmoku Nobuki	—
FYE Mar 2020Consolidated	¥712bn	+26.0%	¥29bn	+7.2%	4.1%	¥22bn	Kenmoku Nobuki	Allied Pinnacle Pty Ltd of Australia acquired; prepared meals become a segment
FYE Mar 2021Consolidated	¥679bn	−4.6%	¥27bn	−5.7%	4.0%	¥19bn	Kenmoku Nobuki	—
FYE Mar 2022Consolidated	¥680bn	+0.0%	¥29bn	+8.2%	4.3%	¥18bn	Kenmoku Nobuki	Withdrawal from the pet food business
FYE Mar 2023Consolidated	¥799bn	+17.5%	¥33bn	+11.6%	4.1%	-¥10bn	Kenmoku Nobuki	<a class="en-history_person" href="/tse/2002/executives/ceo/takihara-kenji/" hreflang="ja">Takihara Kenji</a> becomes president; impairment booked on Allied Pinnacle in October
FYE Mar 2024Consolidated	¥858bn	+7.5%	¥48bn	+45.6%	5.6%	¥32bn	Takihara Kenji	Kumamoto Seifun (<span class="en-history_ja">熊本製粉</span>) made a subsidiary; first parent net loss reported
FYE Mar 2025Consolidated	¥851bn	−0.8%	¥46bn	−3.0%	5.4%	¥35bn	Takihara Kenji	Consolidated operating profit reaches <span class="en-history_money" data-yen="47800000000" data-year="2023">$340.2M (¥48bn)</span>, milling about 60 per cent of it
FYE Mar 2026Consolidated	¥865bn	+1.6%	¥47bn	+0.7%	5.4%	¥33bn	Takihara Kenji	—

How it compares

Nisshin Seifun Group¥865bnFY2025Operating margin 5.4%

Fuji Oil¥772bnFY2025Operating margin 3.9%NIPPN CORPORATION¥418bnFY2025Operating margin 5.3%

Shouwasangyou¥334bnFY2024Operating margin 3.3%

Nittoufujiseifun¥72bnFY2024Operating margin 7.0%

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥865bn

CAGR · 10 yrs +5.5%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	532	n/a	Cons. · Japanese GAAP
FYE Mar 2018	540	+1.5%	Cons. · Japanese GAAP
FYE Mar 2019	565	+4.7%	Cons. · Japanese GAAP
FYE Mar 2020	712	+26.0%	Cons. · Japanese GAAP
FYE Mar 2021	679	−4.6%	Cons. · Japanese GAAP
FYE Mar 2022	680	−0.0%	Cons. · Japanese GAAP
FYE Mar 2023	799	+17.5%	Cons. · Japanese GAAP
FYE Mar 2024	858	+7.5%	Cons. · Japanese GAAP
FYE Mar 2025	851	−0.8%	Cons. · Japanese GAAP
FYE Mar 2026	865	+1.6%	Cons. · Japanese GAAP

Definition: Everything the company took in from its own business
Formula: Revenue line of the income statement
Source: Securities report (XBRL)

Cost of sales

FYE Mar 2026 ¥670bn

CAGR · 10 yrs +6.7%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	374	n/a	Cons. · Japanese GAAP
FYE Mar 2018	379	+1.3%	Cons. · Japanese GAAP
FYE Mar 2019	402	+6.0%	Cons. · Japanese GAAP
FYE Mar 2020	512	+27.6%	Cons. · Japanese GAAP
FYE Mar 2021	490	−4.3%	Cons. · Japanese GAAP
FYE Mar 2022	532	+8.4%	Cons. · Japanese GAAP
FYE Mar 2023	638	+20.0%	Cons. · Japanese GAAP
FYE Mar 2024	674	+5.7%	Cons. · Japanese GAAP
FYE Mar 2025	661	−1.9%	Cons. · Japanese GAAP
FYE Mar 2026	670	+1.4%	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 ¥195bn

CAGR · 10 yrs +2.3%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	158	n/a	Cons. · Japanese GAAP
FYE Mar 2018	161	+2.1%	Cons. · Japanese GAAP
FYE Mar 2019	164	+1.5%	Cons. · Japanese GAAP
FYE Mar 2020	200	+22.0%	Cons. · Japanese GAAP
FYE Mar 2021	189	−5.4%	Cons. · Japanese GAAP
FYE Mar 2022	148	−21.7%	Cons. · Japanese GAAP
FYE Mar 2023	161	+8.5%	Cons. · Japanese GAAP
FYE Mar 2024	184	+14.6%	Cons. · Japanese GAAP
FYE Mar 2025	190	+3.3%	Cons. · Japanese GAAP
FYE Mar 2026	195	+2.4%	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 ¥148bn

CAGR · 10 yrs +1.2%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	133	n/a	Cons. · Japanese GAAP
FYE Mar 2018	134	+1.2%	Cons. · Japanese GAAP
FYE Mar 2019	137	+2.0%	Cons. · Japanese GAAP
FYE Mar 2020	171	+24.9%	Cons. · Japanese GAAP
FYE Mar 2021	162	−5.3%	Cons. · Japanese GAAP
FYE Mar 2022	119	−26.7%	Cons. · Japanese GAAP
FYE Mar 2023	128	+7.7%	Cons. · Japanese GAAP
FYE Mar 2024	136	+6.7%	Cons. · Japanese GAAP
FYE Mar 2025	144	+5.5%	Cons. · Japanese GAAP
FYE Mar 2026	148	+2.9%	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 ¥47bn

CAGR · 10 yrs +6.9%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	25.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.2	+6.6%	Cons. · Japanese GAAP
FYE Mar 2019	26.9	−1.0%	Cons. · Japanese GAAP
FYE Mar 2020	28.9	+7.2%	Cons. · Japanese GAAP
FYE Mar 2021	27.2	−5.7%	Cons. · Japanese GAAP
FYE Mar 2022	29.4	+8.2%	Cons. · Japanese GAAP
FYE Mar 2023	32.8	+11.6%	Cons. · Japanese GAAP
FYE Mar 2024	47.8	+45.6%	Cons. · Japanese GAAP
FYE Mar 2025	46.4	−3.0%	Cons. · Japanese GAAP
FYE Mar 2026	46.7	+0.7%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥9.4bn

CAGR · 10 yrs +7.0%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	5.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.1	−0.7%	Cons. · Japanese GAAP
FYE Mar 2019	5.8	+13.1%	Cons. · Japanese GAAP
FYE Mar 2020	6.3	+9.4%	Cons. · Japanese GAAP
FYE Mar 2021	5.8	−7.9%	Cons. · Japanese GAAP
FYE Mar 2022	6.6	+13.1%	Cons. · Japanese GAAP
FYE Mar 2023	4.6	−30.0%	Cons. · Japanese GAAP
FYE Mar 2024	7.1	+54.8%	Cons. · Japanese GAAP
FYE Mar 2025	7.5	+5.6%	Cons. · Japanese GAAP
FYE Mar 2026	9.4	+25.0%	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 ¥4.7bn

CAGR · 10 yrs +35.6%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.5	+61.1%	Cons. · Japanese GAAP
FYE Mar 2019	0.6	+24.7%	Cons. · Japanese GAAP
FYE Mar 2020	3.7	+513.4%	Cons. · Japanese GAAP
FYE Mar 2021	3.1	−16.3%	Cons. · Japanese GAAP
FYE Mar 2022	3.4	+8.2%	Cons. · Japanese GAAP
FYE Mar 2023	4.4	+30.0%	Cons. · Japanese GAAP
FYE Mar 2024	4.9	+12.3%	Cons. · Japanese GAAP
FYE Mar 2025	4.7	−4.6%	Cons. · Japanese GAAP
FYE Mar 2026	4.7	−0.1%	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 ¥51bn

CAGR · 10 yrs +6.0%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	30.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	31.8	+4.9%	Cons. · Japanese GAAP
FYE Mar 2019	32.1	+0.8%	Cons. · Japanese GAAP
FYE Mar 2020	31.4	−2.0%	Cons. · Japanese GAAP
FYE Mar 2021	29.9	−4.9%	Cons. · Japanese GAAP
FYE Mar 2022	32.6	+9.2%	Cons. · Japanese GAAP
FYE Mar 2023	33.1	+1.3%	Cons. · Japanese GAAP
FYE Mar 2024	50.0	+51.3%	Cons. · Japanese GAAP
FYE Mar 2025	49.2	−1.6%	Cons. · Japanese GAAP
FYE Mar 2026	51.4	+4.4%	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 ¥12bn

CAGR · 10 yrs +18.4%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	2.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.4	−48.9%	Cons. · Japanese GAAP
FYE Mar 2019	1.6	+15.8%	Cons. · Japanese GAAP
FYE Mar 2020	8.9	+464.5%	Cons. · Japanese GAAP
FYE Mar 2021	1.8	−79.3%	Cons. · Japanese GAAP
FYE Mar 2022	1.6	−11.0%	Cons. · Japanese GAAP
FYE Mar 2023	24.4	+1382.9%	Cons. · Japanese GAAP
FYE Mar 2024	0.7	−97.1%	Cons. · Japanese GAAP
FYE Mar 2025	7.5	+951.1%	Cons. · Japanese GAAP
FYE Mar 2026	12.2	+61.2%	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 ¥33bn

CAGR · 10 yrs +5.9%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	19.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.3	+9.6%	Cons. · Japanese GAAP
FYE Mar 2019	22.3	+4.4%	Cons. · Japanese GAAP
FYE Mar 2020	22.4	+0.6%	Cons. · Japanese GAAP
FYE Mar 2021	19.0	−15.2%	Cons. · Japanese GAAP
FYE Mar 2022	17.5	−7.9%	Cons. · Japanese GAAP
FYE Mar 2023	-10.4	−159.3%	Cons. · Japanese GAAP
FYE Mar 2024	31.7	n/a	Cons. · Japanese GAAP
FYE Mar 2025	34.7	+9.3%	Cons. · Japanese GAAP
FYE Mar 2026	32.6	−6.0%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 22.5%

Average · 10 yrs 25.3%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	29.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.9	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	29.0	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	28.1	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	27.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	21.8	−6.0pp	Cons. · Japanese GAAP
FYE Mar 2023	20.1	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2024	21.5	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2025	22.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	22.5	+0.2pp	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 5.4%

Average · 10 yrs 4.7%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	4.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.0	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	4.8	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	4.1	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	4.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	4.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	4.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	5.6	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2025	5.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	5.4	−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 Mar 2026 5.9%

Average · 10 yrs 5.3%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	5.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.9	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	5.7	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	4.4	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	4.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	4.8	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	4.1	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	5.8	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	5.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	5.9	+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 3.8%

Average · 10 yrs 3.0%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	3.9	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	3.1	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	2.8	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	2.6	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	-1.3	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2024	3.7	+5.0pp	Cons. · Japanese GAAP
FYE Mar 2025	4.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	3.8	−0.3pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Mar 2026 77.5%

Average · 10 yrs 74.7%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	70.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	70.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	71.0	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	71.9	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	72.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	78.2	+6.0pp	Cons. · Japanese GAAP
FYE Mar 2023	79.9	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2024	78.5	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2025	77.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	77.5	−0.2pp	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 17.1%

Average · 10 yrs 20.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	24.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	24.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	24.2	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	24.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	23.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	17.5	−6.4pp	Cons. · Japanese GAAP
FYE Mar 2023	16.0	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2024	15.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	16.9	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	17.1	+0.2pp	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 ¥850bn

CAGR · 10 yrs +4.8%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	555	n/a	Cons. · Japanese GAAP
FYE Mar 2018	592	+6.5%	Cons. · Japanese GAAP
FYE Mar 2019	595	+0.5%	Cons. · Japanese GAAP
FYE Mar 2020	666	+12.0%	Cons. · Japanese GAAP
FYE Mar 2021	687	+3.2%	Cons. · Japanese GAAP
FYE Mar 2022	723	+5.2%	Cons. · Japanese GAAP
FYE Mar 2023	714	−1.3%	Cons. · Japanese GAAP
FYE Mar 2024	827	+15.8%	Cons. · Japanese GAAP
FYE Mar 2025	790	−4.5%	Cons. · Japanese GAAP
FYE Mar 2026	850	+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 ¥519bn

CAGR · 10 yrs +3.1%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	394	n/a	Cons. · Japanese GAAP
FYE Mar 2018	399	+1.4%	Cons. · Japanese GAAP
FYE Mar 2019	404	+1.2%	Cons. · Japanese GAAP
FYE Mar 2020	395	−2.2%	Cons. · Japanese GAAP
FYE Mar 2021	433	+9.6%	Cons. · Japanese GAAP
FYE Mar 2022	449	+3.7%	Cons. · Japanese GAAP
FYE Mar 2023	424	−5.7%	Cons. · Japanese GAAP
FYE Mar 2024	500	+18.0%	Cons. · Japanese GAAP
FYE Mar 2025	485	−3.1%	Cons. · Japanese GAAP
FYE Mar 2026	519	+7.0%	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 Mar 2026 ¥26bn

CAGR · 10 yrs +6.4%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	14.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.1	+2.5%	Cons. · Japanese GAAP
FYE Mar 2019	16.3	+8.1%	Cons. · Japanese GAAP
FYE Mar 2020	33.3	+104.2%	Cons. · Japanese GAAP
FYE Mar 2021	20.3	−39.1%	Cons. · Japanese GAAP
FYE Mar 2022	20.6	+1.5%	Cons. · Japanese GAAP
FYE Mar 2023	27.7	+34.8%	Cons. · Japanese GAAP
FYE Mar 2024	27.1	−2.2%	Cons. · Japanese GAAP
FYE Mar 2025	24.4	−10.1%	Cons. · Japanese GAAP
FYE Mar 2026	25.7	+5.5%	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 ¥15bn

CAGR · 10 yrs +4.5%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	9.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.9	−19.0%	Cons. · Japanese GAAP
FYE Mar 2019	9.5	+20.8%	Cons. · Japanese GAAP
FYE Mar 2020	18.1	+89.6%	Cons. · Japanese GAAP
FYE Mar 2021	5.5	−69.3%	Cons. · Japanese GAAP
FYE Mar 2022	6.8	+22.4%	Cons. · Japanese GAAP
FYE Mar 2023	14.4	+111.5%	Cons. · Japanese GAAP
FYE Mar 2024	15.1	+5.2%	Cons. · Japanese GAAP
FYE Mar 2025	13.1	−13.0%	Cons. · Japanese GAAP
FYE Mar 2026	14.5	+10.7%	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 ¥11bn

CAGR · 10 yrs +9.4%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	5.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.2	+44.8%	Cons. · Japanese GAAP
FYE Mar 2019	6.8	−5.9%	Cons. · Japanese GAAP
FYE Mar 2020	15.2	+124.9%	Cons. · Japanese GAAP
FYE Mar 2021	14.7	−3.3%	Cons. · Japanese GAAP
FYE Mar 2022	13.8	−6.4%	Cons. · Japanese GAAP
FYE Mar 2023	13.4	−3.0%	Cons. · Japanese GAAP
FYE Mar 2024	12.0	−10.2%	Cons. · Japanese GAAP
FYE Mar 2025	11.2	−6.4%	Cons. · Japanese GAAP
FYE Mar 2026	11.2	−0.5%	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 · 6 yrs −0.0%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2020	20.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	20.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2022	20.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2023	20.0	−0.0%	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 ¥22bn

CAGR · 10 yrs +4.3%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	15.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.4	−17.8%	Cons. · Japanese GAAP
FYE Mar 2019	10.5	−15.7%	Cons. · Japanese GAAP
FYE Mar 2020	68.7	+556.8%	Cons. · Japanese GAAP
FYE Mar 2021	73.4	+6.8%	Cons. · Japanese GAAP
FYE Mar 2022	68.8	−6.3%	Cons. · Japanese GAAP
FYE Mar 2023	23.7	−65.6%	Cons. · Japanese GAAP
FYE Mar 2024	21.6	−8.9%	Cons. · Japanese GAAP
FYE Mar 2025	21.0	−2.7%	Cons. · Japanese GAAP
FYE Mar 2026	22.1	+5.3%	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 ¥4.3bn

CAGR · 10 yrs −5.4%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	7.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.6	−20.2%	Cons. · Japanese GAAP
FYE Mar 2019	5.0	−10.8%	Cons. · Japanese GAAP
FYE Mar 2020	42.7	+752.1%	Cons. · Japanese GAAP
FYE Mar 2021	45.6	+6.6%	Cons. · Japanese GAAP
FYE Mar 2022	42.4	−7.0%	Cons. · Japanese GAAP
FYE Mar 2023	7.5	−82.3%	Cons. · Japanese GAAP
FYE Mar 2024	6.2	−17.1%	Cons. · Japanese GAAP
FYE Mar 2025	5.0	−19.2%	Cons. · Japanese GAAP
FYE Mar 2026	4.3	−14.8%	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 61.1%

Average · 10 yrs 63.3%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	70.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	67.5	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2019	67.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	59.3	−8.6pp	Cons. · Japanese GAAP
FYE Mar 2021	63.0	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2022	62.1	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	59.4	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2024	60.5	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	61.4	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	61.1	−0.4pp	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 5.0%

Average · 10 yrs 5.1%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	4.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	8.4	+4.4pp	Cons. · Japanese GAAP
FYE Mar 2021	4.7	−3.7pp	Cons. · Japanese GAAP
FYE Mar 2022	4.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	6.5	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2024	5.4	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	5.0	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	5.0	−0.1pp	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 6.3%

Average · 10 yrs 4.7%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	4.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.3	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	5.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	5.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	4.4	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2022	3.9	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	-2.4	−6.3pp	Cons. · Japanese GAAP
FYE Mar 2024	6.3	+8.8pp	Cons. · Japanese GAAP
FYE Mar 2025	7.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	6.3	−0.9pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 3.8%

Average · 10 yrs 3.0%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	3.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.6	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	3.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	3.4	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	2.8	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	2.4	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	-1.5	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2024	3.8	+5.3pp	Cons. · Japanese GAAP
FYE Mar 2025	4.4	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	3.8	−0.6pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 1.02×

CAGR · 10 yrs +0.7%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.96	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.91	−4.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.95	+4.1%	Cons. · Japanese GAAP
FYE Mar 2020	1.07	+12.5%	Cons. · Japanese GAAP
FYE Mar 2021	0.99	−7.5%	Cons. · Japanese GAAP
FYE Mar 2022	0.94	−4.9%	Cons. · Japanese GAAP
FYE Mar 2023	1.12	+19.0%	Cons. · Japanese GAAP
FYE Mar 2024	1.04	−7.2%	Cons. · Japanese GAAP
FYE Mar 2025	1.08	+3.9%	Cons. · Japanese GAAP
FYE Mar 2026	1.02	−5.6%	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 ¥69bn

CAGR · 10 yrs +7.7%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	35.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	42.9	+21.2%	Cons. · Japanese GAAP
FYE Mar 2019	39.9	−7.0%	Cons. · Japanese GAAP
FYE Mar 2020	38.4	−3.6%	Cons. · Japanese GAAP
FYE Mar 2021	49.5	+28.9%	Cons. · Japanese GAAP
FYE Mar 2022	41.8	−15.5%	Cons. · Japanese GAAP
FYE Mar 2023	23.4	−44.0%	Cons. · Japanese GAAP
FYE Mar 2024	73.2	+212.5%	Cons. · Japanese GAAP
FYE Mar 2025	55.2	−24.6%	Cons. · Japanese GAAP
FYE Mar 2026	69.2	+25.3%	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 -¥33bn

Average · 10 yrs -¥27bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-5.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-18.1	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-19.2	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-96.8	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-17.1	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-15.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-30.9	−6454.0%	Cons. · Japanese GAAP
FYE Mar 2025	-35.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-32.5	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 -¥41bn

Average · 10 yrs -¥19bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-11.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-18.6	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-10.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	8.3	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-31.3	−475.0%	Cons. · Japanese GAAP
FYE Mar 2022	-17.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-10.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-19.5	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-35.4	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-40.8	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 ¥91bn

CAGR · 10 yrs +0.1%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	90.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	98.5	+8.4%	Cons. · Japanese GAAP
FYE Mar 2019	107	+9.1%	Cons. · Japanese GAAP
FYE Mar 2020	56.6	−47.3%	Cons. · Japanese GAAP
FYE Mar 2021	59.2	+4.6%	Cons. · Japanese GAAP
FYE Mar 2022	68.7	+16.2%	Cons. · Japanese GAAP
FYE Mar 2023	83.0	+20.7%	Cons. · Japanese GAAP
FYE Mar 2024	108	+29.8%	Cons. · Japanese GAAP
FYE Mar 2025	92.0	−14.6%	Cons. · Japanese GAAP
FYE Mar 2026	91.4	−0.6%	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 ¥37bn

CAGR · 10 yrs +2.2%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	30.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	24.8	−17.7%	Cons. · Japanese GAAP
FYE Mar 2019	20.7	−16.6%	Cons. · Japanese GAAP
FYE Mar 2020	-58.4	−382.4%	Cons. · Japanese GAAP
FYE Mar 2021	32.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	26.3	−18.8%	Cons. · Japanese GAAP
FYE Mar 2023	23.9	−9.1%	Cons. · Japanese GAAP
FYE Mar 2024	42.3	+76.7%	Cons. · Japanese GAAP
FYE Mar 2025	20.2	−52.1%	Cons. · Japanese GAAP
FYE Mar 2026	36.6	+81.0%	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 8.0%

Average · 10 yrs 6.6%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	6.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.9	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	7.1	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	5.4	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2021	7.3	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2022	6.2	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	2.9	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2024	8.5	+5.6pp	Cons. · Japanese GAAP
FYE Mar 2025	6.5	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2026	8.0	+1.5pp	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 ¥66bn

CAGR · 10 yrs −1.6%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	76.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	83.4	+9.5%	Cons. · Japanese GAAP
FYE Mar 2019	91.1	+9.2%	Cons. · Japanese GAAP
FYE Mar 2020	23.2	−74.5%	Cons. · Japanese GAAP
FYE Mar 2021	38.9	+67.2%	Cons. · Japanese GAAP
FYE Mar 2022	48.2	+23.9%	Cons. · Japanese GAAP
FYE Mar 2023	55.2	+14.7%	Cons. · Japanese GAAP
FYE Mar 2024	80.6	+45.9%	Cons. · Japanese GAAP
FYE Mar 2025	67.6	−16.1%	Cons. · Japanese GAAP
FYE Mar 2026	65.7	−2.9%	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 ¥591bn

Change · 9 yrs +¥86bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	505	n/a
FYE Mar 2018	642	n/a
FYE Mar 2019	773	n/a
FYE Mar 2020	548	n/a
FYE Mar 2021	563	n/a
FYE Mar 2022	519	n/a
FYE Mar 2023	n/a	n/a
FYE Mar 2024	639	n/a
FYE Mar 2025	503	n/a
FYE Mar 2026	591	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 2,095¥

Change · 9 yrs +435¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,661	n/a
FYE Mar 2018	2,109	n/a
FYE Mar 2019	2,540	n/a
FYE Mar 2020	1,802	n/a
FYE Mar 2021	1,850	n/a
FYE Mar 2022	1,706	n/a
FYE Mar 2023	n/a	n/a
FYE Mar 2024	2,100	n/a
FYE Mar 2025	1,731	n/a
FYE Mar 2026	2,095	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 282,111,000shares

Change · 10 yrs −22,246,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	304,357,000	Parent
FYE Mar 2018	304,357,000	Parent
FYE Mar 2019	304,357,000	Parent
FYE Mar 2020	304,357,000	Parent
FYE Mar 2021	304,357,000	Parent
FYE Mar 2022	304,357,000	Parent
FYE Mar 2023	304,357,000	Parent
FYE Mar 2024	304,357,000	Parent
FYE Mar 2025	290,657,000	Parent
FYE Mar 2026	282,111,000	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 113.33¥

Change · 10 yrs +48.83¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	64.50	Cons.
FYE Mar 2018	71.47	Cons.
FYE Mar 2019	74.98	Cons.
FYE Mar 2020	75.40	Cons.
FYE Mar 2021	63.95	Cons.
FYE Mar 2022	58.88	Cons.
FYE Mar 2023	-34.91	Cons.
FYE Mar 2024	106.74	Cons.
FYE Mar 2025	117.33	Cons.
FYE Mar 2026	113.33	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 1,839.14¥

Change · 10 yrs +545.28¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,293.86	Cons. · Japanese GAAP
FYE Mar 2018	1,312.49	Cons. · Japanese GAAP
FYE Mar 2019	1,327.73	Cons. · Japanese GAAP
FYE Mar 2020	1,298.26	Cons. · Japanese GAAP
FYE Mar 2021	1,423.34	Cons. · Japanese GAAP
FYE Mar 2022	1,476.13	Cons. · Japanese GAAP
FYE Mar 2023	1,392.70	Cons. · Japanese GAAP
FYE Mar 2024	1,643.80	Cons. · Japanese GAAP
FYE Mar 2025	1,668.65	Cons. · Japanese GAAP
FYE Mar 2026	1,839.14	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 18.49×

Average · 9 yrs 24.87×

Fiscal year	PER ×	Basis
FYE Mar 2017	25.75	Cons.
FYE Mar 2018	29.51	Cons.
FYE Mar 2019	33.88	Cons.
FYE Mar 2020	23.90	Cons.
FYE Mar 2021	28.93	Cons.
FYE Mar 2022	28.97	Cons.
FYE Mar 2023	n/a	Cons.
FYE Mar 2024	19.67	Cons.
FYE Mar 2025	14.75	Cons.
FYE Mar 2026	18.49	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 1.13×

Average · 9 yrs 1.32×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.27	Cons.
FYE Mar 2018	1.57	Cons.
FYE Mar 2019	1.87	Cons.
FYE Mar 2020	1.36	Cons.
FYE Mar 2021	1.27	Cons.
FYE Mar 2022	1.13	Cons.
FYE Mar 2023	n/a	Cons.
FYE Mar 2024	1.25	Cons.
FYE Mar 2025	1.03	Cons.
FYE Mar 2026	1.13	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 9,624people

Change · 10 yrs +3,300 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	6,324	n/a	Cons.
FYE Mar 2018	6,545	+3.5%	Cons.
FYE Mar 2019	6,760	+3.3%	Cons.
FYE Mar 2020	8,962	+32.6%	Cons.
FYE Mar 2021	8,951	−0.1%	Cons.
FYE Mar 2022	8,918	−0.4%	Cons.
FYE Mar 2023	9,420	+5.6%	Cons.
FYE Mar 2024	9,574	+1.6%	Cons.
FYE Mar 2025	9,731	+1.6%	Cons.
FYE Mar 2026	9,624	−1.1%	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 364people

Change · 10 yrs +67 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	297	n/a	Parent
FYE Mar 2018	305	+2.7%	Parent
FYE Mar 2019	337	+10.5%	Parent
FYE Mar 2020	342	+1.5%	Parent
FYE Mar 2021	355	+3.8%	Parent
FYE Mar 2022	372	+4.8%	Parent
FYE Mar 2023	346	−7.0%	Parent
FYE Mar 2024	344	−0.6%	Parent
FYE Mar 2025	361	+4.9%	Parent
FYE Mar 2026	364	+0.8%	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 898万円

Change · 10 yrs +56万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	842	n/a	Parent
FYE Mar 2018	863	+2.4%	Parent
FYE Mar 2019	865	+0.3%	Parent
FYE Mar 2020	874	+1.0%	Parent
FYE Mar 2021	880	+0.7%	Parent
FYE Mar 2022	867	−1.5%	Parent
FYE Mar 2023	857	−1.1%	Parent
FYE Mar 2024	869	+1.4%	Parent
FYE Mar 2025	893	+2.8%	Parent
FYE Mar 2026	898	+0.5%	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 42.0years

Change · 8 yrs −0.6 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	42.6	n/a	Parent
FYE Mar 2020	42.3	−0.7%	Parent
FYE Mar 2021	42.1	−0.5%	Parent
FYE Mar 2022	41.8	−0.7%	Parent
FYE Mar 2023	41.7	−0.2%	Parent
FYE Mar 2024	41.8	+0.2%	Parent
FYE Mar 2025	41.9	+0.2%	Parent
FYE Mar 2026	42.0	+0.2%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Mar 2026 15.2years

Change · 10 yrs −1.7 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	16.9	n/a	Parent
FYE Mar 2018	17.4	+3.0%	Parent
FYE Mar 2019	17.3	−0.6%	Parent
FYE Mar 2020	16.3	−5.8%	Parent
FYE Mar 2021	15.8	−3.1%	Parent
FYE Mar 2022	15.5	−1.9%	Parent
FYE Mar 2023	15.4	−0.6%	Parent
FYE Mar 2024	14.7	−4.5%	Parent
FYE Mar 2025	15.1	+2.7%	Parent
FYE Mar 2026	15.2	+0.7%	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 10,036people

Change · 10 yrs +7,947 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	2,089	n/a	n/a
FYE Mar 2018	2,351	+12.5%	n/a
FYE Mar 2019	2,622	+11.5%	n/a
FYE Mar 2020	10,200	+289.0%	n/a
FYE Mar 2021	10,258	+0.6%	n/a
FYE Mar 2022	9,794	−4.5%	n/a
FYE Mar 2023	10,075	+2.9%	n/a
FYE Mar 2024	10,183	+1.1%	n/a
FYE Mar 2025	9,925	−2.5%	n/a
FYE Mar 2026	10,036	+1.1%	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 ¥89.9m

Change · 10 yrs +¥5.7m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	84.1	n/a	Cons.
FYE Mar 2018	82.5	−1.9%	Cons.
FYE Mar 2019	83.6	+1.3%	Cons.
FYE Mar 2020	79.5	−5.0%	Cons.
FYE Mar 2021	75.9	−4.5%	Cons.
FYE Mar 2022	76.2	+0.4%	Cons.
FYE Mar 2023	84.8	+11.2%	Cons.
FYE Mar 2024	89.6	+5.7%	Cons.
FYE Mar 2025	87.5	−2.4%	Cons.
FYE Mar 2026	89.9	+2.7%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥4.9m

Change · 10 yrs +¥0.8m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	4.0	n/a	Cons.
FYE Mar 2018	4.2	+3.0%	Cons.
FYE Mar 2019	4.0	−4.2%	Cons.
FYE Mar 2020	3.2	−19.1%	Cons.
FYE Mar 2021	3.0	−5.6%	Cons.
FYE Mar 2022	3.3	+8.6%	Cons.
FYE Mar 2023	3.5	+5.6%	Cons.
FYE Mar 2024	5.0	+43.2%	Cons.
FYE Mar 2025	4.8	−4.5%	Cons.
FYE Mar 2026	4.9	+1.8%	Cons.

Definition: What each employee accounts for in operating profit
Formula: Operating profit ÷ group employees
Source: Securities report (XBRL)

Disclaimer

Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.

Accuracy, liability, reuse and privacy — the full disclaimer →

Data API

Nisshin Seifun Group’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/2002/company.json ·/api/2002/history.json ·/api/2002/ceo.json ·/api/2002/financials.json ·/api/2002/financials/segment.json ·/api/2002/financials/pl.json ·/api/2002/financials/cf.json ·/api/2002/financials/bs.json ·/api/2002/financials/employee.json ·/api/2002/financials/stock.json ·/api/2002/financials.csv ·/api/2002/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json