Financials

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

FYE Mar 2026 · Revenue¥861bnYoY −9.7%

FYE Mar 2026 · Operating profit¥45bnYoY +18.9%

FYE Mar 2026 · Net profit¥17bnYoY +55.8%

FYE Mar 2026 · Equity ratio36.0%YoY −1.2pp

FYE Mar 2026 · Group employees28,921YoY −465

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥1.25tn	n/a	¥47bn	n/a	3.8%	¥26bn	Toda Hirokazu	—
FYE Mar 2018Consolidated	¥1.33tn	+6.3%	¥52bn	+10.4%	3.9%	¥30bn	Toda Hirokazu	—
FYE Mar 2019Consolidated	¥1.44tn	+8.2%	¥65bn	+25.1%	4.5%	¥47bn	Toda Hirokazu	DAC taken to 100% by tender offer
FYE Mar 2020Consolidated	¥1.47tn	+1.5%	¥55bn	−15.6%	3.8%	¥45bn	Toda Hirokazu	—
FYE Mar 2021Consolidated	¥1.30tn	−11.5%	¥45bn	−18.3%	3.5%	¥26bn	Mizushima Masayuki	—
FYE Mar 2022Consolidated	¥895bn	−31.0%	¥72bn	+59.1%	8.0%	¥55bn	Mizushima Masayuki	—
FYE Mar 2023Consolidated	¥991bn	+10.7%	¥55bn	−22.7%	5.6%	¥31bn	Mizushima Masayuki	Record ordinary profit of ¥75.7bn
FYE Mar 2024Consolidated	¥947bn	−4.5%	¥34bn	−38.1%	3.6%	¥25bn	Mizushima Masayuki	—
FYE Mar 2025Consolidated	¥953bn	+0.7%	¥38bn	+9.6%	3.9%	¥11bn	Mizushima Masayuki	—
FYE Mar 2026Consolidated	¥861bn	−9.7%	¥45bn	+18.9%	5.2%	¥17bn	Mizushima Masayuki	Media Partners absorbed back into Hakuhodo; Digital Holdings acquired

How it compares

Dentsu Group¥1.44tnFY2025Operating margin −20.2%

Hakuhodo DY Holdings¥861bnFY2025Operating margin 5.2%

Seputenihorudingusu¥30bnFY2025Operating margin 14.0%

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 ¥861bn

CAGR · 10 yrs −4.1%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	1,255	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,335	+6.3%	Cons. · Japanese GAAP
FYE Mar 2019	1,445	+8.2%	Cons. · Japanese GAAP
FYE Mar 2020	1,466	+1.5%	Cons. · Japanese GAAP
FYE Mar 2021	1,298	−11.5%	Cons. · Japanese GAAP
FYE Mar 2022	895	−31.0%	Cons. · Japanese GAAP
FYE Mar 2023	991	+10.7%	Cons. · Japanese GAAP
FYE Mar 2024	947	−4.5%	Cons. · Japanese GAAP
FYE Mar 2025	953	+0.7%	Cons. · Japanese GAAP
FYE Mar 2026	861	−9.7%	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 ¥455bn

CAGR · 10 yrs −8.4%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	1,007	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,063	+5.5%	Cons. · Japanese GAAP
FYE Mar 2019	1,120	+5.4%	Cons. · Japanese GAAP
FYE Mar 2020	1,134	+1.3%	Cons. · Japanese GAAP
FYE Mar 2021	985	−13.1%	Cons. · Japanese GAAP
FYE Mar 2022	508	−48.4%	Cons. · Japanese GAAP
FYE Mar 2023	588	+15.7%	Cons. · Japanese GAAP
FYE Mar 2024	553	−6.0%	Cons. · Japanese GAAP
FYE Mar 2025	554	+0.2%	Cons. · Japanese GAAP
FYE Mar 2026	455	−17.8%	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 ¥406bn

CAGR · 10 yrs +5.6%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	249	n/a	Cons. · Japanese GAAP
FYE Mar 2018	272	+9.5%	Cons. · Japanese GAAP
FYE Mar 2019	325	+19.3%	Cons. · Japanese GAAP
FYE Mar 2020	332	+2.4%	Cons. · Japanese GAAP
FYE Mar 2021	313	−5.8%	Cons. · Japanese GAAP
FYE Mar 2022	387	+23.6%	Cons. · Japanese GAAP
FYE Mar 2023	404	+4.3%	Cons. · Japanese GAAP
FYE Mar 2024	394	−2.3%	Cons. · Japanese GAAP
FYE Mar 2025	400	+1.4%	Cons. · Japanese GAAP
FYE Mar 2026	406	+1.6%	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 ¥361bn

CAGR · 10 yrs +6.7%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	201	n/a	Cons. · Japanese GAAP
FYE Mar 2018	220	+9.3%	Cons. · Japanese GAAP
FYE Mar 2019	260	+17.9%	Cons. · Japanese GAAP
FYE Mar 2020	277	+6.9%	Cons. · Japanese GAAP
FYE Mar 2021	268	−3.3%	Cons. · Japanese GAAP
FYE Mar 2022	315	+17.6%	Cons. · Japanese GAAP
FYE Mar 2023	348	+10.4%	Cons. · Japanese GAAP
FYE Mar 2024	360	+3.4%	Cons. · Japanese GAAP
FYE Mar 2025	362	+0.6%	Cons. · Japanese GAAP
FYE Mar 2026	361	−0.2%	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 ¥45bn

CAGR · 10 yrs −0.6%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	47.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	52.2	+10.4%	Cons. · Japanese GAAP
FYE Mar 2019	65.3	+25.1%	Cons. · Japanese GAAP
FYE Mar 2020	55.1	−15.6%	Cons. · Japanese GAAP
FYE Mar 2021	45.0	−18.3%	Cons. · Japanese GAAP
FYE Mar 2022	71.6	+59.1%	Cons. · Japanese GAAP
FYE Mar 2023	55.4	−22.7%	Cons. · Japanese GAAP
FYE Mar 2024	34.3	−38.1%	Cons. · Japanese GAAP
FYE Mar 2025	37.6	+9.6%	Cons. · Japanese GAAP
FYE Mar 2026	44.7	+18.9%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥6.1bn

CAGR · 10 yrs +14.6%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.8	+56.6%	Cons. · Japanese GAAP
FYE Mar 2019	4.2	+48.7%	Cons. · Japanese GAAP
FYE Mar 2020	4.4	+4.4%	Cons. · Japanese GAAP
FYE Mar 2021	5.6	+29.3%	Cons. · Japanese GAAP
FYE Mar 2022	7.7	+36.4%	Cons. · Japanese GAAP
FYE Mar 2023	7.5	−3.0%	Cons. · Japanese GAAP
FYE Mar 2024	9.3	+24.2%	Cons. · Japanese GAAP
FYE Mar 2025	9.8	+5.5%	Cons. · Japanese GAAP
FYE Mar 2026	6.1	−37.5%	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 +3.2%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	3.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.6	−82.3%	Cons. · Japanese GAAP
FYE Mar 2019	0.8	+20.1%	Cons. · Japanese GAAP
FYE Mar 2020	1.4	+83.1%	Cons. · Japanese GAAP
FYE Mar 2021	1.1	−22.8%	Cons. · Japanese GAAP
FYE Mar 2022	3.6	+234.4%	Cons. · Japanese GAAP
FYE Mar 2023	2.5	−30.7%	Cons. · Japanese GAAP
FYE Mar 2024	5.7	+130.8%	Cons. · Japanese GAAP
FYE Mar 2025	4.7	−18.2%	Cons. · Japanese GAAP
FYE Mar 2026	4.7	+0.6%	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 ¥46bn

CAGR · 10 yrs +0.2%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	45.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	54.4	+20.1%	Cons. · Japanese GAAP
FYE Mar 2019	68.7	+26.2%	Cons. · Japanese GAAP
FYE Mar 2020	58.1	−15.4%	Cons. · Japanese GAAP
FYE Mar 2021	49.6	−14.6%	Cons. · Japanese GAAP
FYE Mar 2022	75.7	+52.7%	Cons. · Japanese GAAP
FYE Mar 2023	60.4	−20.3%	Cons. · Japanese GAAP
FYE Mar 2024	37.8	−37.4%	Cons. · Japanese GAAP
FYE Mar 2025	42.7	+12.8%	Cons. · Japanese GAAP
FYE Mar 2026	46.1	+8.0%	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 ¥2.2bn

CAGR · 10 yrs +5.3%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	1.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.7	+21.0%	Cons. · Japanese GAAP
FYE Mar 2019	21.8	+1178.4%	Cons. · Japanese GAAP
FYE Mar 2020	24.7	+13.0%	Cons. · Japanese GAAP
FYE Mar 2021	14.7	−40.6%	Cons. · Japanese GAAP
FYE Mar 2022	25.8	+76.1%	Cons. · Japanese GAAP
FYE Mar 2023	4.5	−82.6%	Cons. · Japanese GAAP
FYE Mar 2024	25.6	+469.9%	Cons. · Japanese GAAP
FYE Mar 2025	6.1	−76.1%	Cons. · Japanese GAAP
FYE Mar 2026	2.2	−63.4%	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 ¥17bn

CAGR · 10 yrs −4.7%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	25.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.9	+15.6%	Cons. · Japanese GAAP
FYE Mar 2019	47.2	+58.2%	Cons. · Japanese GAAP
FYE Mar 2020	44.9	−5.0%	Cons. · Japanese GAAP
FYE Mar 2021	26.5	−41.0%	Cons. · Japanese GAAP
FYE Mar 2022	55.2	+108.4%	Cons. · Japanese GAAP
FYE Mar 2023	31.0	−43.8%	Cons. · Japanese GAAP
FYE Mar 2024	24.9	−19.6%	Cons. · Japanese GAAP
FYE Mar 2025	10.8	−56.8%	Cons. · Japanese GAAP
FYE Mar 2026	16.8	+55.8%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 47.2%

Average · 10 yrs 32.4%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	19.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.4	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	22.5	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	22.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	24.1	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2022	43.2	+19.1pp	Cons. · Japanese GAAP
FYE Mar 2023	40.7	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2024	41.6	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	41.9	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	47.2	+5.2pp	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 5.2%

Average · 10 yrs 4.6%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	3.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	4.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	3.8	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	3.5	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	8.0	+4.5pp	Cons. · Japanese GAAP
FYE Mar 2023	5.6	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2024	3.6	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2025	3.9	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	5.2	+1.2pp	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 5.3%

Average · 10 yrs 4.9%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	3.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.1	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	4.8	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	4.0	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	3.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	8.5	+4.6pp	Cons. · Japanese GAAP
FYE Mar 2023	6.1	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2024	4.0	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2025	4.5	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	5.3	+0.9pp	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 1.9%

Average · 10 yrs 2.8%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	2.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	3.3	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2020	3.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	2.0	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	6.2	+4.1pp	Cons. · Japanese GAAP
FYE Mar 2023	3.1	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2024	2.6	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	1.1	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2026	1.9	+0.8pp	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 52.8%

Average · 10 yrs 67.6%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	80.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	79.6	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	77.5	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	77.3	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	75.9	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2022	56.8	−19.1pp	Cons. · Japanese GAAP
FYE Mar 2023	59.3	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2024	58.4	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	58.1	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	52.8	−5.2pp	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 42.0%

Average · 10 yrs 27.8%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	16.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.5	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	18.0	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2020	18.9	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	20.7	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2022	35.2	+14.6pp	Cons. · Japanese GAAP
FYE Mar 2023	35.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	38.0	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2025	38.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	42.0	+4.0pp	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 ¥1.08tn

CAGR · 10 yrs +4.6%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	721	n/a	Cons. · Japanese GAAP
FYE Mar 2018	796	+10.5%	Cons. · Japanese GAAP
FYE Mar 2019	902	+13.3%	Cons. · Japanese GAAP
FYE Mar 2020	860	−4.7%	Cons. · Japanese GAAP
FYE Mar 2021	941	+9.4%	Cons. · Japanese GAAP
FYE Mar 2022	1,053	+11.9%	Cons. · Japanese GAAP
FYE Mar 2023	1,026	−2.5%	Cons. · Japanese GAAP
FYE Mar 2024	1,035	+0.8%	Cons. · Japanese GAAP
FYE Mar 2025	1,050	+1.5%	Cons. · Japanese GAAP
FYE Mar 2026	1,081	+2.9%	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 ¥389bn

CAGR · 10 yrs +2.8%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	305	n/a	Cons. · Japanese GAAP
FYE Mar 2018	343	+12.7%	Cons. · Japanese GAAP
FYE Mar 2019	282	−17.7%	Cons. · Japanese GAAP
FYE Mar 2020	289	+2.5%	Cons. · Japanese GAAP
FYE Mar 2021	331	+14.3%	Cons. · Japanese GAAP
FYE Mar 2022	358	+8.3%	Cons. · Japanese GAAP
FYE Mar 2023	364	+1.7%	Cons. · Japanese GAAP
FYE Mar 2024	385	+5.8%	Cons. · Japanese GAAP
FYE Mar 2025	390	+1.4%	Cons. · Japanese GAAP
FYE Mar 2026	389	−0.3%	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 ¥72bn

CAGR · 10 yrs +23.0%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	11.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.4	−17.0%	Cons. · Japanese GAAP
FYE Mar 2019	115	+1130.5%	Cons. · Japanese GAAP
FYE Mar 2020	110	−4.3%	Cons. · Japanese GAAP
FYE Mar 2021	115	+4.0%	Cons. · Japanese GAAP
FYE Mar 2022	125	+8.9%	Cons. · Japanese GAAP
FYE Mar 2023	18.1	−85.5%	Cons. · Japanese GAAP
FYE Mar 2024	150	+728.8%	Cons. · Japanese GAAP
FYE Mar 2025	91.0	−39.3%	Cons. · Japanese GAAP
FYE Mar 2026	72.5	−20.3%	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 ¥7.2bn

CAGR · 10 yrs −3.3%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	9.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.1	−16.8%	Cons. · Japanese GAAP
FYE Mar 2019	8.9	+10.0%	Cons. · Japanese GAAP
FYE Mar 2020	4.0	−55.1%	Cons. · Japanese GAAP
FYE Mar 2021	4.3	+7.4%	Cons. · Japanese GAAP
FYE Mar 2022	10.8	+151.7%	Cons. · Japanese GAAP
FYE Mar 2023	8.9	−16.9%	Cons. · Japanese GAAP
FYE Mar 2024	15.3	+71.7%	Cons. · Japanese GAAP
FYE Mar 2025	6.9	−55.1%	Cons. · Japanese GAAP
FYE Mar 2026	7.2	+4.2%	Cons. · Japanese GAAP

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

Long-term borrowings

FYE Mar 2026 ¥65bn

CAGR · 10 yrs +51.2%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.3	−17.8%	Cons. · Japanese GAAP
FYE Mar 2019	106	+8100.6%	Cons. · Japanese GAAP
FYE Mar 2020	106	−0.1%	Cons. · Japanese GAAP
FYE Mar 2021	110	+3.9%	Cons. · Japanese GAAP
FYE Mar 2022	114	+3.3%	Cons. · Japanese GAAP
FYE Mar 2023	9.2	−92.0%	Cons. · Japanese GAAP
FYE Mar 2024	135	+1370.3%	Cons. · Japanese GAAP
FYE Mar 2025	84.1	−37.5%	Cons. · Japanese GAAP
FYE Mar 2026	65.3	−22.3%	Cons. · Japanese GAAP

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

Intangible assets

FYE Mar 2026 ¥92bn

CAGR · 10 yrs +13.7%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	29.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	43.4	+49.6%	Cons. · Japanese GAAP
FYE Mar 2019	54.3	+25.1%	Cons. · Japanese GAAP
FYE Mar 2020	52.4	−3.5%	Cons. · Japanese GAAP
FYE Mar 2021	69.1	+31.8%	Cons. · Japanese GAAP
FYE Mar 2022	72.3	+4.7%	Cons. · Japanese GAAP
FYE Mar 2023	108	+50.0%	Cons. · Japanese GAAP
FYE Mar 2024	104	−3.7%	Cons. · Japanese GAAP
FYE Mar 2025	99.6	−4.7%	Cons. · Japanese GAAP
FYE Mar 2026	92.0	−7.6%	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 ¥50bn

CAGR · 10 yrs +12.2%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	17.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	31.2	+76.2%	Cons. · Japanese GAAP
FYE Mar 2019	30.7	−1.4%	Cons. · Japanese GAAP
FYE Mar 2020	27.9	−9.2%	Cons. · Japanese GAAP
FYE Mar 2021	41.8	+49.8%	Cons. · Japanese GAAP
FYE Mar 2022	45.1	+7.9%	Cons. · Japanese GAAP
FYE Mar 2023	71.7	+58.9%	Cons. · Japanese GAAP
FYE Mar 2024	65.1	−9.2%	Cons. · Japanese GAAP
FYE Mar 2025	57.2	−12.1%	Cons. · Japanese GAAP
FYE Mar 2026	49.8	−12.9%	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 36.0%

Average · 10 yrs 36.5%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	42.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	43.1	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	31.3	−11.8pp	Cons. · Japanese GAAP
FYE Mar 2020	33.7	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2021	35.1	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2022	34.0	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	35.5	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2024	37.2	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	37.2	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	36.0	−1.2pp	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 18.6%

Average · 10 yrs 24.1%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.7	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	40.8	+38.0pp	Cons. · Japanese GAAP
FYE Mar 2020	38.1	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2021	34.7	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2022	34.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	5.0	−29.9pp	Cons. · Japanese GAAP
FYE Mar 2024	38.9	+34.0pp	Cons. · Japanese GAAP
FYE Mar 2025	23.3	−15.6pp	Cons. · Japanese GAAP
FYE Mar 2026	18.6	−4.7pp	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 4.3%

Average · 10 yrs 9.5%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	8.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	16.7	+8.0pp	Cons. · Japanese GAAP
FYE Mar 2020	15.5	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	8.0	−7.5pp	Cons. · Japanese GAAP
FYE Mar 2022	15.4	+7.4pp	Cons. · Japanese GAAP
FYE Mar 2023	8.5	−6.9pp	Cons. · Japanese GAAP
FYE Mar 2024	6.5	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2025	2.8	−3.7pp	Cons. · Japanese GAAP
FYE Mar 2026	4.3	+1.6pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 1.6%

Average · 10 yrs 3.4%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	3.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	5.2	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2020	5.2	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	2.8	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2022	5.2	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2023	3.0	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2024	2.4	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	1.0	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2026	1.6	+0.5pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.80×

CAGR · 10 yrs −8.3%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.74	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.68	−3.8%	Cons. · Japanese GAAP
FYE Mar 2019	1.60	−4.5%	Cons. · Japanese GAAP
FYE Mar 2020	1.71	+6.5%	Cons. · Japanese GAAP
FYE Mar 2021	1.38	−19.1%	Cons. · Japanese GAAP
FYE Mar 2022	0.85	−38.4%	Cons. · Japanese GAAP
FYE Mar 2023	0.97	+13.6%	Cons. · Japanese GAAP
FYE Mar 2024	0.91	−5.3%	Cons. · Japanese GAAP
FYE Mar 2025	0.91	−0.8%	Cons. · Japanese GAAP
FYE Mar 2026	0.80	−12.3%	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 ¥68bn

CAGR · 10 yrs +17.3%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	16.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	32.4	+98.7%	Cons. · Japanese GAAP
FYE Mar 2019	53.5	+65.3%	Cons. · Japanese GAAP
FYE Mar 2020	27.4	−48.9%	Cons. · Japanese GAAP
FYE Mar 2021	36.2	+32.3%	Cons. · Japanese GAAP
FYE Mar 2022	20.9	−42.4%	Cons. · Japanese GAAP
FYE Mar 2023	38.0	+82.4%	Cons. · Japanese GAAP
FYE Mar 2024	9.9	−74.0%	Cons. · Japanese GAAP
FYE Mar 2025	82.4	+734.2%	Cons. · Japanese GAAP
FYE Mar 2026	68.4	−17.1%	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 -¥14bn

Average · 10 yrs -¥12bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-4.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-20.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-22.8	n/a	Cons. · Japanese GAAP
FYE Mar 2020	3.4	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-9.8	−391.5%	Cons. · Japanese GAAP
FYE Mar 2022	-11.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-32.8	n/a	Cons. · Japanese GAAP
FYE Mar 2024	6.3	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-13.5	−313.8%	Cons. · Japanese GAAP
FYE Mar 2026	-14.1	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 -¥31bn

Average · 10 yrs -¥19bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-7.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-14.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-22.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-19.4	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-12.8	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-8.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-28.8	n/a	Cons. · Japanese GAAP
FYE Mar 2024	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-45.8	−4279.4%	Cons. · Japanese GAAP
FYE Mar 2026	-30.7	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 ¥233bn

CAGR · 10 yrs +5.3%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	147	n/a	Cons. · Japanese GAAP
FYE Mar 2018	144	−1.9%	Cons. · Japanese GAAP
FYE Mar 2019	152	+5.8%	Cons. · Japanese GAAP
FYE Mar 2020	163	+7.3%	Cons. · Japanese GAAP
FYE Mar 2021	176	+7.8%	Cons. · Japanese GAAP
FYE Mar 2022	181	+2.6%	Cons. · Japanese GAAP
FYE Mar 2023	159	−12.0%	Cons. · Japanese GAAP
FYE Mar 2024	180	+13.2%	Cons. · Japanese GAAP
FYE Mar 2025	208	+15.2%	Cons. · Japanese GAAP
FYE Mar 2026	233	+12.3%	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 ¥54bn

CAGR · 10 yrs +18.2%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	12.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.9	−1.1%	Cons. · Japanese GAAP
FYE Mar 2019	30.7	+158.6%	Cons. · Japanese GAAP
FYE Mar 2020	30.7	+0.1%	Cons. · Japanese GAAP
FYE Mar 2021	26.4	−14.2%	Cons. · Japanese GAAP
FYE Mar 2022	9.6	−63.8%	Cons. · Japanese GAAP
FYE Mar 2023	5.2	−45.2%	Cons. · Japanese GAAP
FYE Mar 2024	16.2	+209.2%	Cons. · Japanese GAAP
FYE Mar 2025	68.9	+325.1%	Cons. · Japanese GAAP
FYE Mar 2026	54.3	−21.2%	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 7.9%

Average · 10 yrs 3.6%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	1.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.4	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	3.7	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	1.9	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	2.8	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	2.3	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	3.8	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2024	1.0	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2025	8.6	+7.6pp	Cons. · Japanese GAAP
FYE Mar 2026	7.9	−0.7pp	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 ¥161bn

CAGR · 10 yrs +1.9%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	135	n/a	Cons. · Japanese GAAP
FYE Mar 2018	134	−0.7%	Cons. · Japanese GAAP
FYE Mar 2019	37.0	−72.5%	Cons. · Japanese GAAP
FYE Mar 2020	53.1	+43.5%	Cons. · Japanese GAAP
FYE Mar 2021	61.5	+15.7%	Cons. · Japanese GAAP
FYE Mar 2022	56.0	−8.9%	Cons. · Japanese GAAP
FYE Mar 2023	141	+151.9%	Cons. · Japanese GAAP
FYE Mar 2024	30.1	−78.7%	Cons. · Japanese GAAP
FYE Mar 2025	117	+287.3%	Cons. · Japanese GAAP
FYE Mar 2026	161	+37.8%	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 ¥374bn

Change · 10 yrs −¥138bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	512	n/a
FYE Mar 2018	570	n/a
FYE Mar 2019	690	n/a
FYE Mar 2020	426	n/a
FYE Mar 2021	718	n/a
FYE Mar 2022	604	n/a
FYE Mar 2023	583	n/a
FYE Mar 2024	539	n/a
FYE Mar 2025	421	n/a
FYE Mar 2026	374	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 1,028¥

Change · 10 yrs −289¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,317	n/a
FYE Mar 2018	1,466	n/a
FYE Mar 2019	1,773	n/a
FYE Mar 2020	1,095	n/a
FYE Mar 2021	1,844	n/a
FYE Mar 2022	1,551	n/a
FYE Mar 2023	1,497	n/a
FYE Mar 2024	1,385	n/a
FYE Mar 2025	1,082	n/a
FYE Mar 2026	1,028	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 363,902,636shares

Change · 10 yrs −24,655,464 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	388,558,100	Parent
FYE Mar 2018	388,753,986	Parent
FYE Mar 2019	388,954,044	Parent
FYE Mar 2020	389,146,249	Parent
FYE Mar 2021	389,397,652	Parent
FYE Mar 2022	389,559,436	Parent
FYE Mar 2023	389,559,436	Parent
FYE Mar 2024	389,559,436	Parent
FYE Mar 2025	389,559,436	Parent
FYE Mar 2026	363,902,636	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 46.09¥

Change · 10 yrs −23.21¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	69.30	Cons.
FYE Mar 2018	80.10	Cons.
FYE Mar 2019	126.64	Cons.
FYE Mar 2020	120.30	Cons.
FYE Mar 2021	70.92	Cons.
FYE Mar 2022	147.70	Cons.
FYE Mar 2023	83.16	Cons.
FYE Mar 2024	67.87	Cons.
FYE Mar 2025	29.32	Cons.
FYE Mar 2026	46.09	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 1,069.33¥

Change · 10 yrs +285.04¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	784.29	Cons. · Japanese GAAP
FYE Mar 2018	883.27	Cons. · Japanese GAAP
FYE Mar 2019	726.25	Cons. · Japanese GAAP
FYE Mar 2020	743.73	Cons. · Japanese GAAP
FYE Mar 2021	849.19	Cons. · Japanese GAAP
FYE Mar 2022	919.19	Cons. · Japanese GAAP
FYE Mar 2023	934.70	Cons. · Japanese GAAP
FYE Mar 2024	988.71	Cons. · Japanese GAAP
FYE Mar 2025	1,002.11	Cons. · Japanese GAAP
FYE Mar 2026	1,069.33	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 22.30×

Average · 10 yrs 19.45×

Fiscal year	PER ×	Basis
FYE Mar 2017	19.00	Cons.
FYE Mar 2018	18.30	Cons.
FYE Mar 2019	14.00	Cons.
FYE Mar 2020	9.10	Cons.
FYE Mar 2021	26.00	Cons.
FYE Mar 2022	10.50	Cons.
FYE Mar 2023	18.00	Cons.
FYE Mar 2024	20.40	Cons.
FYE Mar 2025	36.90	Cons.
FYE Mar 2026	22.30	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 0.95×

Average · 10 yrs 1.55×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.61	Cons.
FYE Mar 2018	1.59	Cons.
FYE Mar 2019	2.34	Cons.
FYE Mar 2020	1.41	Cons.
FYE Mar 2021	2.08	Cons.
FYE Mar 2022	1.62	Cons.
FYE Mar 2023	1.52	Cons.
FYE Mar 2024	1.32	Cons.
FYE Mar 2025	1.02	Cons.
FYE Mar 2026	0.95	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 28,921people

Change · 10 yrs +13,183 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	15,738	n/a	Cons.
FYE Mar 2018	18,837	+19.7%	Cons.
FYE Mar 2019	21,469	+14.0%	Cons.
FYE Mar 2020	23,939	+11.5%	Cons.
FYE Mar 2021	24,775	+3.5%	Cons.
FYE Mar 2022	25,522	+3.0%	Cons.
FYE Mar 2023	27,936	+9.5%	Cons.
FYE Mar 2024	28,894	+3.4%	Cons.
FYE Mar 2025	29,386	+1.7%	Cons.
FYE Mar 2026	28,921	−1.6%	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 144people

Change · 10 yrs −58 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	202	n/a	Parent
FYE Mar 2018	214	+5.9%	Parent
FYE Mar 2019	216	+0.9%	Parent
FYE Mar 2020	231	+6.9%	Parent
FYE Mar 2021	248	+7.4%	Parent
FYE Mar 2022	260	+4.8%	Parent
FYE Mar 2023	266	+2.3%	Parent
FYE Mar 2024	149	−44.0%	Parent
FYE Mar 2025	174	+16.8%	Parent
FYE Mar 2026	144	−17.2%	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 1,168万円

Change · 8 yrs +104万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	1,065	n/a	Parent
FYE Mar 2020	1,079	+1.3%	Parent
FYE Mar 2021	1,090	+1.1%	Parent
FYE Mar 2022	1,036	−4.9%	Parent
FYE Mar 2023	1,276	+23.1%	Parent
FYE Mar 2024	1,158	−9.2%	Parent
FYE Mar 2025	1,092	−5.7%	Parent
FYE Mar 2026	1,168	+7.0%	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 42.5years

Change · 8 yrs −0.9 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	43.4	n/a	Parent
FYE Mar 2020	43.6	+0.5%	Parent
FYE Mar 2021	43.9	+0.7%	Parent
FYE Mar 2022	43.2	−1.6%	Parent
FYE Mar 2023	43.9	+1.6%	Parent
FYE Mar 2024	41.3	−5.9%	Parent
FYE Mar 2025	41.4	+0.2%	Parent
FYE Mar 2026	42.5	+2.7%	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 13.0years

Change · 8 yrs −2.4 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	15.4	n/a	Parent
FYE Mar 2020	15.6	+1.3%	Parent
FYE Mar 2021	16.7	+7.1%	Parent
FYE Mar 2022	13.7	−18.0%	Parent
FYE Mar 2023	13.6	−0.7%	Parent
FYE Mar 2024	11.1	−18.4%	Parent
FYE Mar 2025	12.8	+15.3%	Parent
FYE Mar 2026	13.0	+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 11,878people

Change · 10 yrs +3,232 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	8,646	n/a	n/a
FYE Mar 2018	8,882	+2.7%	n/a
FYE Mar 2019	9,923	+11.7%	n/a
FYE Mar 2020	10,142	+2.2%	n/a
FYE Mar 2021	10,793	+6.4%	n/a
FYE Mar 2022	10,361	−4.0%	n/a
FYE Mar 2023	11,027	+6.4%	n/a
FYE Mar 2024	11,061	+0.3%	n/a
FYE Mar 2025	13,007	+17.6%	n/a
FYE Mar 2026	11,878	−8.7%	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 ¥29.8m

Change · 10 yrs −¥50.0m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	79.7	n/a	Cons.
FYE Mar 2018	70.9	−11.1%	Cons.
FYE Mar 2019	67.3	−5.0%	Cons.
FYE Mar 2020	61.2	−9.0%	Cons.
FYE Mar 2021	52.4	−14.5%	Cons.
FYE Mar 2022	35.1	−33.1%	Cons.
FYE Mar 2023	35.5	+1.2%	Cons.
FYE Mar 2024	32.8	−7.6%	Cons.
FYE Mar 2025	32.4	−1.0%	Cons.
FYE Mar 2026	29.8	−8.2%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥1.5m

Change · 10 yrs −¥1.5m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	3.0	n/a	Cons.
FYE Mar 2018	2.8	−7.7%	Cons.
FYE Mar 2019	3.0	+9.8%	Cons.
FYE Mar 2020	2.3	−24.3%	Cons.
FYE Mar 2021	1.8	−21.1%	Cons.
FYE Mar 2022	2.8	+54.4%	Cons.
FYE Mar 2023	2.0	−29.3%	Cons.
FYE Mar 2024	1.2	−40.2%	Cons.
FYE Mar 2025	1.3	+7.8%	Cons.
FYE Mar 2026	1.5	+20.8%	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 →

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