Financials

Persol Holdings: FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥1.56tnYoY +7.2%

FYE Mar 2026 · Operating profit¥67bnYoY +15.8%

FYE Mar 2026 · Net profit¥43bnYoY +19.0%

FYE Mar 2026 · Equity ratio32.3%YoY +0.2pp

FYE Mar 2026 · Group employees74,926YoY +3,356

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥592bn	n/a	¥33bn	n/a	5.6%	¥18bn	Mizuta Masamichi	Kelly Services’ Asia-Pacific arm joins; PERSOL brand announced
FYE Mar 2018Consolidated	¥722bn	+22.0%	¥36bn	+8.0%	5.0%	¥7.8bn	Mizuta Masamichi	Renamed Persol Holdings; Shinohara leaves the board
FYE Mar 2019Consolidated	¥926bn	+28.2%	¥44bn	+22.3%	4.8%	¥24bn	Mizuta Masamichi	Ten domestic subsidiaries reorganized into Persol Temp Staff and BPO
FYE Mar 2020Consolidated	¥971bn	+4.8%	¥39bn	−11.4%	4.0%	¥7.6bn	Mizuta Masamichi	“Work and Smile” vision; <em>an</em> closed, resources moved to doda
FYE Mar 2021Consolidated	¥951bn	−2.0%	¥26bn	−34.2%	2.7%	¥15bn	Mizuta Masamichi	Five-SBU structure; COVID; <a class="en-history_person" href="/tse/2181/executives/ceo/wada-takao/" hreflang="ja">Wada Takao</a> becomes CEO
FYE Mar 2022Consolidated	¥1.06tn	+11.6%	¥48bn	+87.2%	4.5%	¥32bn	Mizuta Masamichi	—
FYE Mar 2023Consolidated	¥1.24tn	+17.1%	¥43bn	−11.2%	3.4%	¥21bn	Wada Takao	—
FYE Mar 2024Consolidated	¥1.33tn	+6.8%	¥52bn	+21.8%	3.9%	¥26bn	Wada Takao	IFRS adopted; BPO SBU created; Persol Cross Technology formed
FYE Mar 2025Consolidated	¥1.45tn	+9.4%	¥57bn	+10.3%	4.0%	¥36bn	Wada Takao	Career at 21.3% margin against Asia Pacific at 2.46%
FYE Mar 2026Consolidated	¥1.56tn	+7.2%	¥67bn	+15.8%	4.3%	¥43bn	Wada Takao	—

How it compares

Recruit Holdings¥3.70tnFY2025Operating margin 17.1%

Persol Holdings¥1.56tnFY2025Operating margin 4.3%

Goodwill Group, Inc.Delisted 2009

Pasona Group¥308bnFY2026Operating margin −0.4%

TechnoPro HoldingsDelisted 2025

Open Up Group¥167bnFY2026Operating margin 10.0%Meitec Group Holdings¥138bnFY2025Operating margin 14.5%Visional¥80bnFY2025Operating margin 26.7%

SMS Co., Ltd.¥65bnFY2025Operating margin 10.5%

Dip¥55bnFY2025Operating margin 16.6%

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

Where the revenue goes

¥ bn

Cost of sales SG&A Other operating costs Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥1.56tn

CAGR · 10 yrs +11.3%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	592	n/a	Cons. · Japanese GAAP
FYE Mar 2018	722	+22.0%	Cons. · Japanese GAAP
FYE Mar 2019	926	+28.2%	Cons. · Japanese GAAP
FYE Mar 2020	971	+4.8%	Cons. · Japanese GAAP
FYE Mar 2021	951	−2.0%	Cons. · Japanese GAAP
FYE Mar 2022	1,061	+11.6%	Cons. · Japanese GAAP
FYE Mar 2023	1,243	+17.1%	Cons. · Japanese GAAP
FYE Mar 2024	1,327	moved to IFRS	Cons. · IFRS
FYE Mar 2025	1,451	+9.4%	Cons. · IFRS
FYE Mar 2026	1,556	+7.2%	Cons. · IFRS

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 ¥1.20tn

CAGR · 10 yrs +11.5%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	449	n/a	Cons. · Japanese GAAP
FYE Mar 2018	555	+23.5%	Cons. · Japanese GAAP
FYE Mar 2019	719	+29.7%	Cons. · Japanese GAAP
FYE Mar 2020	757	+5.2%	Cons. · Japanese GAAP
FYE Mar 2021	749	−1.0%	Cons. · Japanese GAAP
FYE Mar 2022	820	+9.4%	Cons. · Japanese GAAP
FYE Mar 2023	961	+17.2%	Cons. · Japanese GAAP
FYE Mar 2024	1,026	moved to IFRS	Cons. · IFRS
FYE Mar 2025	1,119	+9.1%	Cons. · IFRS
FYE Mar 2026	1,200	+7.3%	Cons. · IFRS

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 ¥355bn

CAGR · 10 yrs +10.7%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	143	n/a	Cons. · Japanese GAAP
FYE Mar 2018	167	+17.2%	Cons. · Japanese GAAP
FYE Mar 2019	207	+23.3%	Cons. · Japanese GAAP
FYE Mar 2020	214	+3.6%	Cons. · Japanese GAAP
FYE Mar 2021	201	−5.9%	Cons. · Japanese GAAP
FYE Mar 2022	241	+19.6%	Cons. · Japanese GAAP
FYE Mar 2023	282	+17.0%	Cons. · Japanese GAAP
FYE Mar 2024	301	moved to IFRS	Cons. · IFRS
FYE Mar 2025	332	+10.3%	Cons. · IFRS
FYE Mar 2026	355	+7.0%	Cons. · IFRS

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 ¥290bn

CAGR · 10 yrs +11.4%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	109	n/a	Cons. · Japanese GAAP
FYE Mar 2018	131	+20.1%	Cons. · Japanese GAAP
FYE Mar 2019	162	+23.6%	Cons. · Japanese GAAP
FYE Mar 2020	175	+7.7%	Cons. · Japanese GAAP
FYE Mar 2021	176	+0.4%	Cons. · Japanese GAAP
FYE Mar 2022	193	+9.7%	Cons. · Japanese GAAP
FYE Mar 2023	225	+17.0%	Cons. · Japanese GAAP
FYE Mar 2024	247	moved to IFRS	Cons. · IFRS
FYE Mar 2025	274	+10.8%	Cons. · IFRS
FYE Mar 2026	290	+5.7%	Cons. · IFRS

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 ¥67bn

CAGR · 10 yrs +8.0%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	33.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.1	+8.0%	Cons. · Japanese GAAP
FYE Mar 2019	44.1	+22.3%	Cons. · Japanese GAAP
FYE Mar 2020	39.1	−11.4%	Cons. · Japanese GAAP
FYE Mar 2021	25.7	−34.2%	Cons. · Japanese GAAP
FYE Mar 2022	48.1	+87.2%	Cons. · Japanese GAAP
FYE Mar 2023	42.8	−11.2%	Cons. · Japanese GAAP
FYE Mar 2024	52.1	moved to IFRS	Cons. · IFRS
FYE Mar 2025	57.4	+10.3%	Cons. · IFRS
FYE Mar 2026	66.5	+15.8%	Cons. · IFRS

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

Non-operating income

FYE Mar 2026 ¥1.6bn

CAGR · 10 yrs +5.7%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	+7.6%	Cons. · Japanese GAAP
FYE Mar 2019	1.0	+0.3%	Cons. · Japanese GAAP
FYE Mar 2020	1.2	+15.9%	Cons. · Japanese GAAP
FYE Mar 2021	3.6	+202.8%	Cons. · Japanese GAAP
FYE Mar 2022	2.2	−39.5%	Cons. · Japanese GAAP
FYE Mar 2023	0.6	−74.0%	Cons. · Japanese GAAP
FYE Mar 2024	0.9	moved to IFRS	Cons. · IFRS
FYE Mar 2025	2.1	+134.1%	Cons. · IFRS
FYE Mar 2026	1.6	−26.8%	Cons. · IFRS

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 ¥2.9bn

CAGR · 10 yrs +32.5%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.0	+768.1%	Cons. · Japanese GAAP
FYE Mar 2019	1.2	−41.6%	Cons. · Japanese GAAP
FYE Mar 2020	0.9	−20.8%	Cons. · Japanese GAAP
FYE Mar 2021	0.9	−3.4%	Cons. · Japanese GAAP
FYE Mar 2022	0.8	−4.6%	Cons. · Japanese GAAP
FYE Mar 2023	1.6	+85.2%	Cons. · Japanese GAAP
FYE Mar 2024	1.3	moved to IFRS	Cons. · IFRS
FYE Mar 2025	1.8	+36.1%	Cons. · IFRS
FYE Mar 2026	2.9	+63.5%	Cons. · IFRS

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 n/a

CAGR · 7 yrs +7.8%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	34.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.1	+2.8%	Cons. · Japanese GAAP
FYE Mar 2019	44.0	+25.3%	Cons. · Japanese GAAP
FYE Mar 2020	39.4	−10.5%	Cons. · Japanese GAAP
FYE Mar 2021	29.2	−25.9%	Cons. · Japanese GAAP
FYE Mar 2022	49.5	+69.7%	Cons. · Japanese GAAP
FYE Mar 2023	53.7	+8.5%	Cons. · Japanese GAAP
FYE Mar 2024	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

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 n/a

CAGR · 7 yrs −19.5%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.1	−90.3%	Cons. · Japanese GAAP
FYE Mar 2019	0.3	+235.9%	Cons. · Japanese GAAP
FYE Mar 2020	0.3	−0.3%	Cons. · Japanese GAAP
FYE Mar 2021	0.5	+41.7%	Cons. · Japanese GAAP
FYE Mar 2022	3.7	+656.2%	Cons. · Japanese GAAP
FYE Mar 2023	0.3	−92.2%	Cons. · Japanese GAAP
FYE Mar 2024	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

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 ¥43bn

CAGR · 10 yrs +10.2%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	17.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.8	−56.4%	Cons. · Japanese GAAP
FYE Mar 2019	24.4	+213.6%	Cons. · Japanese GAAP
FYE Mar 2020	7.6	−68.8%	Cons. · Japanese GAAP
FYE Mar 2021	15.3	+101.5%	Cons. · Japanese GAAP
FYE Mar 2022	31.9	+108.0%	Cons. · Japanese GAAP
FYE Mar 2023	20.6	−35.5%	Cons. · Japanese GAAP
FYE Mar 2024	25.7	moved to IFRS	Cons. · IFRS
FYE Mar 2025	35.9	+39.7%	Cons. · IFRS
FYE Mar 2026	42.7	+19.0%	Cons. · IFRS

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

Gross margin

FYE Mar 2026 22.8%

Average · 10 yrs 22.7%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	24.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.2	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	22.3	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	22.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	21.2	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	22.7	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	22.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	22.7	moved to IFRS	Cons. · IFRS
FYE Mar 2025	22.9	+0.2pp	Cons. · IFRS
FYE Mar 2026	22.8	−0.0pp	Cons. · IFRS

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

Operating margin

FYE Mar 2026 4.3%

Average · 10 yrs 4.2%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	5.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.0	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	4.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	4.0	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	2.7	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2022	4.5	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2023	3.4	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	3.9	moved to IFRS	Cons. · IFRS
FYE Mar 2025	4.0	−0.0pp	Cons. · IFRS
FYE Mar 2026	4.3	+0.3pp	Cons. · IFRS

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

Ordinary margin

FYE Mar 2026 n/a

Average · 7 yrs 4.5%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	5.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.9	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	4.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	4.1	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	3.1	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	4.7	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	4.3	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

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

Net margin

FYE Mar 2026 2.7%

Average · 10 yrs 2.1%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.1	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2019	2.6	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	0.8	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	1.6	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	3.0	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2023	1.7	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	1.9	moved to IFRS	Cons. · IFRS
FYE Mar 2025	2.5	+0.5pp	Cons. · IFRS
FYE Mar 2026	2.7	+0.3pp	Cons. · IFRS

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

Cost-of-sales ratio

FYE Mar 2026 77.2%

Average · 10 yrs 77.3%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	75.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	76.8	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	77.7	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	78.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	78.8	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	77.3	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	77.3	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	77.3	moved to IFRS	Cons. · IFRS
FYE Mar 2025	77.1	−0.2pp	Cons. · IFRS
FYE Mar 2026	77.2	−0.0pp	Cons. · IFRS

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 18.6%

Average · 10 yrs 18.3%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	18.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.2	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	17.5	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	18.0	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	18.5	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	18.2	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	18.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	18.6	moved to IFRS	Cons. · IFRS
FYE Mar 2025	18.9	+0.2pp	Cons. · IFRS
FYE Mar 2026	18.6	−0.3pp	Cons. · IFRS

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 ¥621bn

CAGR · 10 yrs +9.8%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	267	n/a	Cons. · Japanese GAAP
FYE Mar 2018	402	+50.5%	Cons. · Japanese GAAP
FYE Mar 2019	371	−7.8%	Cons. · Japanese GAAP
FYE Mar 2020	371	−0.0%	Cons. · Japanese GAAP
FYE Mar 2021	381	+2.7%	Cons. · Japanese GAAP
FYE Mar 2022	425	+11.5%	Cons. · Japanese GAAP
FYE Mar 2023	442	+4.0%	Cons. · Japanese GAAP
FYE Mar 2024	463	moved to IFRS	Cons. · IFRS
FYE Mar 2025	540	+16.7%	Cons. · IFRS
FYE Mar 2026	621	+15.0%	Cons. · IFRS

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 ¥200bn

CAGR · 10 yrs +4.1%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	139	n/a	Cons. · Japanese GAAP
FYE Mar 2018	146	+4.6%	Cons. · Japanese GAAP
FYE Mar 2019	156	+6.9%	Cons. · Japanese GAAP
FYE Mar 2020	148	−5.0%	Cons. · Japanese GAAP
FYE Mar 2021	156	+5.2%	Cons. · Japanese GAAP
FYE Mar 2022	183	+17.7%	Cons. · Japanese GAAP
FYE Mar 2023	187	+2.1%	Cons. · Japanese GAAP
FYE Mar 2024	203	moved to IFRS	Cons. · IFRS
FYE Mar 2025	173	−14.8%	Cons. · IFRS
FYE Mar 2026	200	+15.8%	Cons. · IFRS

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 ¥33bn

CAGR · 10 yrs +5.1%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	20.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	101	+384.7%	Cons. · Japanese GAAP
FYE Mar 2019	30.8	−69.5%	Cons. · Japanese GAAP
FYE Mar 2020	41.0	+33.2%	Cons. · Japanese GAAP
FYE Mar 2021	42.2	+2.9%	Cons. · Japanese GAAP
FYE Mar 2022	30.2	−28.6%	Cons. · Japanese GAAP
FYE Mar 2023	51.3	+70.1%	Cons. · Japanese GAAP
FYE Mar 2024	34.1	moved to IFRS	Cons. · IFRS
FYE Mar 2025	30.3	−11.3%	Cons. · IFRS
FYE Mar 2026	32.6	+7.7%	Cons. · IFRS

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 +54.5%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	85.3	+20550.8%	Cons. · Japanese GAAP
FYE Mar 2019	5.0	−94.1%	Cons. · Japanese GAAP
FYE Mar 2020	5.3	+5.1%	Cons. · Japanese GAAP
FYE Mar 2021	0.6	−88.6%	Cons. · Japanese GAAP
FYE Mar 2022	0.2	−73.1%	Cons. · Japanese GAAP
FYE Mar 2023	11.4	+6913.0%	Cons. · Japanese GAAP
FYE Mar 2024	14.1	moved to IFRS	Cons. · IFRS
FYE Mar 2025	10.3	−27.2%	Cons. · IFRS
FYE Mar 2026	20.7	+101.4%	Cons. · IFRS

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 ¥12bn

CAGR · 10 yrs −5.8%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	20.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.7	−23.1%	Cons. · Japanese GAAP
FYE Mar 2019	25.7	+63.9%	Cons. · Japanese GAAP
FYE Mar 2020	35.7	+38.8%	Cons. · Japanese GAAP
FYE Mar 2021	41.6	+16.5%	Cons. · Japanese GAAP
FYE Mar 2022	30.0	−27.9%	Cons. · Japanese GAAP
FYE Mar 2023	30.1	+0.4%	Cons. · Japanese GAAP
FYE Mar 2024	20.0	moved to IFRS	Cons. · IFRS
FYE Mar 2025	20.0	−0.0%	Cons. · IFRS
FYE Mar 2026	11.9	−40.6%	Cons. · IFRS

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 ¥60bn

CAGR · 10 yrs −3.5%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	82.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	134	+61.6%	Cons. · Japanese GAAP
FYE Mar 2019	122	−8.6%	Cons. · Japanese GAAP
FYE Mar 2020	105	−14.5%	Cons. · Japanese GAAP
FYE Mar 2021	98.7	−5.6%	Cons. · Japanese GAAP
FYE Mar 2022	95.1	−3.6%	Cons. · Japanese GAAP
FYE Mar 2023	35.3	−62.9%	Cons. · Japanese GAAP
FYE Mar 2024	39.7	moved to IFRS	Cons. · IFRS
FYE Mar 2025	48.5	+22.4%	Cons. · IFRS
FYE Mar 2026	59.9	+23.5%	Cons. · IFRS

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

Goodwill

FYE Mar 2026 ¥94bn

CAGR · 10 yrs +3.6%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	68.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	102	+48.9%	Cons. · Japanese GAAP
FYE Mar 2019	91.8	−10.1%	Cons. · Japanese GAAP
FYE Mar 2020	72.6	−20.9%	Cons. · Japanese GAAP
FYE Mar 2021	66.8	−8.0%	Cons. · Japanese GAAP
FYE Mar 2022	61.7	−7.6%	Cons. · Japanese GAAP
FYE Mar 2023	58.5	−5.2%	Cons. · Japanese GAAP
FYE Mar 2024	59.0	moved to IFRS	Cons. · IFRS
FYE Mar 2025	70.1	+18.7%	Cons. · IFRS
FYE Mar 2026	94.0	+34.2%	Cons. · IFRS

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 32.3%

Average · 10 yrs 40.4%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	52.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.2	−15.9pp	Cons. · Japanese GAAP
FYE Mar 2019	42.0	+5.8pp	Cons. · Japanese GAAP
FYE Mar 2020	39.9	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2021	40.8	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	43.1	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2023	42.3	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	43.9	moved to IFRS	Cons. · IFRS
FYE Mar 2025	32.0	−11.8pp	Cons. · IFRS
FYE Mar 2026	32.3	+0.2pp	Cons. · IFRS

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 16.3%

Average · 10 yrs 25.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	15.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	69.4	+54.4pp	Cons. · Japanese GAAP
FYE Mar 2019	19.8	−49.6pp	Cons. · Japanese GAAP
FYE Mar 2020	27.7	+8.0pp	Cons. · Japanese GAAP
FYE Mar 2021	27.1	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	16.5	−10.7pp	Cons. · Japanese GAAP
FYE Mar 2023	27.4	+11.0pp	Cons. · Japanese GAAP
FYE Mar 2024	16.8	moved to IFRS	Cons. · IFRS
FYE Mar 2025	17.5	+0.7pp	Cons. · IFRS
FYE Mar 2026	16.3	−1.2pp	Cons. · IFRS

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 21.3%

Average · 10 yrs 13.2%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	12.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.3	−7.5pp	Cons. · Japanese GAAP
FYE Mar 2019	15.7	+10.3pp	Cons. · Japanese GAAP
FYE Mar 2020	5.1	−10.5pp	Cons. · Japanese GAAP
FYE Mar 2021	9.9	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2022	17.4	+7.6pp	Cons. · Japanese GAAP
FYE Mar 2023	11.0	−6.4pp	Cons. · Japanese GAAP
FYE Mar 2024	12.7	moved to IFRS	Cons. · IFRS
FYE Mar 2025	20.7	+8.1pp	Cons. · IFRS
FYE Mar 2026	21.3	+0.6pp	Cons. · IFRS

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

ROA return on assets

FYE Mar 2026 6.9%

Average · 10 yrs 5.2%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	6.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.9	−4.7pp	Cons. · Japanese GAAP
FYE Mar 2019	6.6	+4.6pp	Cons. · Japanese GAAP
FYE Mar 2020	2.1	−4.5pp	Cons. · Japanese GAAP
FYE Mar 2021	4.0	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2022	7.5	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2023	4.7	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2024	5.6	moved to IFRS	Cons. · IFRS
FYE Mar 2025	6.6	+1.1pp	Cons. · IFRS
FYE Mar 2026	6.9	+0.2pp	Cons. · IFRS

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

Asset turnover

FYE Mar 2026 2.51×

CAGR · 10 yrs +1.4%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	2.21	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.79	−18.9%	Cons. · Japanese GAAP
FYE Mar 2019	2.50	+39.1%	Cons. · Japanese GAAP
FYE Mar 2020	2.62	+4.8%	Cons. · Japanese GAAP
FYE Mar 2021	2.49	−4.7%	Cons. · Japanese GAAP
FYE Mar 2022	2.50	+0.1%	Cons. · Japanese GAAP
FYE Mar 2023	2.81	+12.6%	Cons. · Japanese GAAP
FYE Mar 2024	2.87	moved to IFRS	Cons. · IFRS
FYE Mar 2025	2.69	−6.3%	Cons. · IFRS
FYE Mar 2026	2.51	−6.8%	Cons. · IFRS

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 ¥77bn

CAGR · 10 yrs +7.7%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	39.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.0	−11.6%	Cons. · Japanese GAAP
FYE Mar 2019	42.4	+21.0%	Cons. · Japanese GAAP
FYE Mar 2020	28.6	−32.5%	Cons. · Japanese GAAP
FYE Mar 2021	36.8	+28.7%	Cons. · Japanese GAAP
FYE Mar 2022	50.7	+37.7%	Cons. · Japanese GAAP
FYE Mar 2023	52.8	+4.2%	Cons. · Japanese GAAP
FYE Mar 2024	63.5	moved to IFRS	Cons. · IFRS
FYE Mar 2025	68.9	+8.4%	Cons. · IFRS
FYE Mar 2026	77.4	+12.5%	Cons. · IFRS

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

Investing cash flow

FYE Mar 2026 -¥34bn

Average · 10 yrs -¥23bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-9.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-66.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-15.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-17.6	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-13.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-7.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-22.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-19.0	moved to IFRS	Cons. · IFRS
FYE Mar 2025	-29.8	n/a	Cons. · IFRS
FYE Mar 2026	-34.3	n/a	Cons. · IFRS

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Mar 2026 -¥45bn

Average · 10 yrs -¥24bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-11.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	50.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-48.2	−196.0%	Cons. · Japanese GAAP
FYE Mar 2020	-2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-18.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-21.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-38.3	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-39.6	moved to IFRS	Cons. · IFRS
FYE Mar 2025	-63.9	n/a	Cons. · IFRS
FYE Mar 2026	-44.8	n/a	Cons. · IFRS

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 ¥85bn

CAGR · 10 yrs +2.3%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	69.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	89.6	+29.1%	Cons. · Japanese GAAP
FYE Mar 2019	69.0	−23.0%	Cons. · Japanese GAAP
FYE Mar 2020	78.0	+13.1%	Cons. · Japanese GAAP
FYE Mar 2021	83.0	+6.3%	Cons. · Japanese GAAP
FYE Mar 2022	107	+28.4%	Cons. · Japanese GAAP
FYE Mar 2023	99.7	−6.5%	Cons. · Japanese GAAP
FYE Mar 2024	108	moved to IFRS	Cons. · IFRS
FYE Mar 2025	82.8	−23.6%	Cons. · IFRS
FYE Mar 2026	85.0	+2.7%	Cons. · IFRS

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 ¥43bn

CAGR · 10 yrs +4.1%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	29.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-31.7	−206.1%	Cons. · Japanese GAAP
FYE Mar 2019	27.2	n/a	Cons. · Japanese GAAP
FYE Mar 2020	11.0	−59.5%	Cons. · Japanese GAAP
FYE Mar 2021	23.6	+114.4%	Cons. · Japanese GAAP
FYE Mar 2022	43.6	+84.8%	Cons. · Japanese GAAP
FYE Mar 2023	30.3	−30.6%	Cons. · Japanese GAAP
FYE Mar 2024	44.5	moved to IFRS	Cons. · IFRS
FYE Mar 2025	39.1	−12.2%	Cons. · IFRS
FYE Mar 2026	43.1	+10.3%	Cons. · IFRS

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 5.0%

Average · 10 yrs 4.6%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	6.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.8	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2019	4.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	2.9	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	3.9	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	4.8	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	4.2	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	4.8	moved to IFRS	Cons. · IFRS
FYE Mar 2025	4.7	−0.0pp	Cons. · IFRS
FYE Mar 2026	5.0	+0.2pp	Cons. · IFRS

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

Net cash

FYE Mar 2026 ¥52bn

CAGR · 10 yrs +0.8%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	48.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-11.4	−123.6%	Cons. · Japanese GAAP
FYE Mar 2019	38.2	n/a	Cons. · Japanese GAAP
FYE Mar 2020	37.0	−3.1%	Cons. · Japanese GAAP
FYE Mar 2021	40.8	+10.1%	Cons. · Japanese GAAP
FYE Mar 2022	76.4	+87.4%	Cons. · Japanese GAAP
FYE Mar 2023	48.4	−36.7%	Cons. · Japanese GAAP
FYE Mar 2024	74.2	moved to IFRS	Cons. · IFRS
FYE Mar 2025	52.5	−29.2%	Cons. · IFRS
FYE Mar 2026	52.4	−0.3%	Cons. · IFRS

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 ¥527bn

Change · 10 yrs +¥36bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	491	n/a
FYE Mar 2018	733	n/a
FYE Mar 2019	425	n/a
FYE Mar 2020	257	n/a
FYE Mar 2021	512	n/a
FYE Mar 2022	656	n/a
FYE Mar 2023	565	n/a
FYE Mar 2024	496	n/a
FYE Mar 2025	564	n/a
FYE Mar 2026	527	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 231¥

Change · 10 yrs −1,842¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	2,073	n/a
FYE Mar 2018	3,095	n/a
FYE Mar 2019	1,796	n/a
FYE Mar 2020	1,086	n/a
FYE Mar 2021	2,161	n/a
FYE Mar 2022	2,770	n/a
FYE Mar 2023	2,389	n/a
FYE Mar 2024	213	n/a
FYE Mar 2025	247	n/a
FYE Mar 2026	231	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 2,278,437,000shares

Change · 10 yrs +2,041,764,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	236,673,000	Parent
FYE Mar 2018	236,677,000	Parent
FYE Mar 2019	236,704,000	Parent
FYE Mar 2020	236,704,000	Parent
FYE Mar 2021	236,704,000	Parent
FYE Mar 2022	236,704,000	Parent
FYE Mar 2023	236,704,000	Parent
FYE Mar 2024	2,331,998,000	Parent
FYE Mar 2025	2,278,437,000	Parent
FYE Mar 2026	2,278,437,000	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 19.42¥

Change · 10 yrs −56.52¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	75.94	Cons.
FYE Mar 2018	33.28	Cons.
FYE Mar 2019	104.39	Cons.
FYE Mar 2020	3.27	Cons.
FYE Mar 2021	6.65	Cons.
FYE Mar 2022	13.85	Cons.
FYE Mar 2023	9.94	Cons.
FYE Mar 2024	13.22	Cons.
FYE Mar 2025	16.17	Cons.
FYE Mar 2026	19.42	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 87.87¥

Change · 10 yrs −499.94¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	587.82	Cons. · Japanese GAAP
FYE Mar 2018	614.92	Cons. · Japanese GAAP
FYE Mar 2019	657.34	Cons. · Japanese GAAP
FYE Mar 2020	624.62	Cons. · Japanese GAAP
FYE Mar 2021	657.21	Cons. · Japanese GAAP
FYE Mar 2022	773.33	Cons. · Japanese GAAP
FYE Mar 2023	789.48	Cons. · Japanese GAAP
FYE Mar 2024	87.02	Cons. · IFRS
FYE Mar 2025	75.88	Cons. · IFRS
FYE Mar 2026	87.87	Cons. · IFRS

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

PER price-to-earnings ratio

FYE Mar 2026 11.90×

Average · 10 yrs 29.32×

Fiscal year	PER ×	Basis
FYE Mar 2017	27.30	Cons.
FYE Mar 2018	93.00	Cons.
FYE Mar 2019	17.20	Cons.
FYE Mar 2020	33.20	Cons.
FYE Mar 2021	32.50	Cons.
FYE Mar 2022	20.00	Cons.
FYE Mar 2023	26.70	Cons.
FYE Mar 2024	16.10	Cons.
FYE Mar 2025	15.30	Cons.
FYE Mar 2026	11.90	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 2.35×

Average · 10 yrs 3.09×

Fiscal year	PBR ×	Basis
FYE Mar 2017	3.48	Cons.
FYE Mar 2018	4.96	Cons.
FYE Mar 2019	2.69	Cons.
FYE Mar 2020	1.70	Cons.
FYE Mar 2021	3.20	Cons.
FYE Mar 2022	3.49	Cons.
FYE Mar 2023	3.56	Cons.
FYE Mar 2024	2.53	Cons.
FYE Mar 2025	2.89	Cons.
FYE Mar 2026	2.35	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 74,926people

Change · 10 yrs +58,474 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	16,452	n/a	Cons.
FYE Mar 2018	22,143	+34.6%	Cons.
FYE Mar 2019	38,954	+75.9%	Cons.
FYE Mar 2020	45,179	+16.0%	Cons.
FYE Mar 2021	49,434	+9.4%	Cons.
FYE Mar 2022	54,458	+10.2%	Cons.
FYE Mar 2023	60,540	+11.2%	Cons.
FYE Mar 2024	65,730	+8.6%	Cons.
FYE Mar 2025	71,570	+8.9%	Cons.
FYE Mar 2026	74,926	+4.7%	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 761people

Change · 10 yrs +572 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	189	n/a	Parent
FYE Mar 2018	284	+50.3%	Parent
FYE Mar 2019	341	+20.1%	Parent
FYE Mar 2020	355	+4.1%	Parent
FYE Mar 2021	395	+11.3%	Parent
FYE Mar 2022	397	+0.5%	Parent
FYE Mar 2023	497	+25.2%	Parent
FYE Mar 2024	591	+18.9%	Parent
FYE Mar 2025	647	+9.5%	Parent
FYE Mar 2026	761	+17.6%	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 ¥8.8m

Change · 8 yrs +¥2.4m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	6.4	n/a	Parent
FYE Mar 2020	6.5	+2.1%	Parent
FYE Mar 2021	6.7	+2.2%	Parent
FYE Mar 2022	7.3	+9.7%	Parent
FYE Mar 2023	7.3	−0.4%	Parent
FYE Mar 2024	8.1	+11.7%	Parent
FYE Mar 2025	8.2	+0.9%	Parent
FYE Mar 2026	8.8	+7.6%	Parent

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

Average age

FYE Mar 2026 40.9years

Change · 8 yrs +2.6 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	38.3	n/a	Parent
FYE Mar 2020	38.5	+0.5%	Parent
FYE Mar 2021	38.5	−0.0%	Parent
FYE Mar 2022	39.5	+2.6%	Parent
FYE Mar 2023	39.8	+0.8%	Parent
FYE Mar 2024	40.4	+1.5%	Parent
FYE Mar 2025	40.9	+1.2%	Parent
FYE Mar 2026	40.9	−0.0%	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 6.3years

Change · 8 yrs −0.4 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	6.7	n/a	Parent
FYE Mar 2020	6.8	+1.5%	Parent
FYE Mar 2021	6.7	−1.5%	Parent
FYE Mar 2022	6.8	+1.5%	Parent
FYE Mar 2023	6.8	−0.0%	Parent
FYE Mar 2024	6.6	−2.9%	Parent
FYE Mar 2025	6.2	−6.1%	Parent
FYE Mar 2026	6.3	+1.6%	Parent

Definition: How long the average employee has been with the company
Formula: Average years of service, from the employee section of the filing
Source: Securities report (XBRL)

Temporary employees

FYE Mar 2026 7,033people

Change · 10 yrs −9,169 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	16,202	n/a	n/a
FYE Mar 2018	15,669	−3.3%	n/a
FYE Mar 2019	6,480	−58.6%	n/a
FYE Mar 2020	5,595	−13.7%	n/a
FYE Mar 2021	5,326	−4.8%	n/a
FYE Mar 2022	6,217	+16.7%	n/a
FYE Mar 2023	6,734	+8.3%	n/a
FYE Mar 2024	7,175	+6.5%	n/a
FYE Mar 2025	6,549	−8.7%	n/a
FYE Mar 2026	7,033	+7.4%	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 ¥20.8m

Change · 10 yrs −¥15.2m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	36.0	n/a	Cons.
FYE Mar 2018	32.6	−9.4%	Cons.
FYE Mar 2019	23.8	−27.1%	Cons.
FYE Mar 2020	21.5	−9.6%	Cons.
FYE Mar 2021	19.2	−10.5%	Cons.
FYE Mar 2022	19.5	+1.3%	Cons.
FYE Mar 2023	20.5	+5.4%	Cons.
FYE Mar 2024	20.2	n/a	Cons.
FYE Mar 2025	20.3	+0.4%	Cons.
FYE Mar 2026	20.8	+2.4%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥0.9m

Change · 10 yrs −¥1.1m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.0	n/a	Cons.
FYE Mar 2018	1.6	−19.8%	Cons.
FYE Mar 2019	1.1	−30.5%	Cons.
FYE Mar 2020	0.9	−23.6%	Cons.
FYE Mar 2021	0.5	−39.8%	Cons.
FYE Mar 2022	0.9	+69.9%	Cons.
FYE Mar 2023	0.7	−20.1%	Cons.
FYE Mar 2024	0.8	n/a	Cons.
FYE Mar 2025	0.8	+1.3%	Cons.
FYE Mar 2026	0.9	+10.6%	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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