Financials

Takara Holdings: FYE Mar 2026 and ten years of results (49 metrics)

FYE Mar 2026 · Revenue¥394bnYoY +8.7%

FYE Mar 2026 · Operating profit¥17bnYoY −17.1%

FYE Mar 2026 · Net profit¥12bnYoY −27.8%

FYE Mar 2026 · Equity ratio50.5%YoY −0.9pp

FYE Mar 2026 · Group employees5,720YoY −9

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥234bn	n/a	¥14bn	n/a	5.8%	¥8.5bn	Kakimoto Toshio	Mutual Trading Co., Inc. of the United States made a subsidiary
FYE Mar 2018Consolidated	¥268bn	+14.5%	¥16bn	+15.2%	5.8%	¥11bn	Kakimoto Toshio	Rubicon Genomics and WaferGen Bio-systems acquired by Takara Bio
FYE Mar 2019Consolidated	¥277bn	+3.5%	¥18bn	+14.0%	6.4%	¥10bn	Kakimoto Toshio	—
FYE Mar 2020Consolidated	¥281bn	+1.4%	¥16bn	−11.1%	5.6%	¥9.0bn	Kimura Mutsumi	—
FYE Mar 2021Consolidated	¥278bn	−1.0%	¥22bn	+36.4%	7.8%	¥11bn	Kimura Mutsumi	Approval obtained for the Takara SARS-CoV-2 Direct PCR Detection Kit
FYE Mar 2022Consolidated	¥301bn	+8.1%	¥43bn	+100.8%	14.4%	¥21bn	Kimura Mutsumi	—
FYE Mar 2023Consolidated	¥351bn	+16.5%	¥38bn	−12.5%	10.8%	¥21bn	Kimura Mutsumi	Moved to the Prime Market of the Tokyo Stock Exchange
FYE Mar 2024Consolidated	¥339bn	−3.2%	¥22bn	−41.4%	6.6%	¥16bn	Kimura Mutsumi	—
FYE Mar 2025Consolidated	¥363bn	+6.9%	¥21bn	−7.4%	5.7%	¥16bn	Kimura Mutsumi	90 per cent of Kagerer & Co. GmbH of Germany acquired
FYE Mar 2026Consolidated	¥394bn	+8.7%	¥17bn	−17.1%	4.3%	¥12bn	Kimura Mutsumi	—

How it compares

Suntory Holdings Limited¥3.07tnFY2025Operating margin 7.2%

Asahi Group Holdings¥2.89tnFY2025Operating margin 6.4%Kirin Holdings¥2.43tnFY2025Operating margin 8.6%Sapporo Holdings¥507bnFY2025Operating margin 4.8%

Takara Holdings¥394bnFY2025Operating margin 4.3%

THE NIKKA WHISKY DISTILLING CO., LTD.Delisted 2001

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 ¥394bn

CAGR · 10 yrs +6.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	234	n/a	Cons. · Japanese GAAP
FYE Mar 2018	268	+14.5%	Cons. · Japanese GAAP
FYE Mar 2019	277	+3.5%	Cons. · Japanese GAAP
FYE Mar 2020	281	+1.4%	Cons. · Japanese GAAP
FYE Mar 2021	278	−1.0%	Cons. · Japanese GAAP
FYE Mar 2022	301	+8.1%	Cons. · Japanese GAAP
FYE Mar 2023	351	+16.5%	Cons. · Japanese GAAP
FYE Mar 2024	339	−3.2%	Cons. · Japanese GAAP
FYE Mar 2025	363	+6.9%	Cons. · Japanese GAAP
FYE Mar 2026	394	+8.7%	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 ¥267bn

CAGR · 10 yrs +7.4%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	140	n/a	Cons. · Japanese GAAP
FYE Mar 2018	164	+16.7%	Cons. · Japanese GAAP
FYE Mar 2019	169	+3.2%	Cons. · Japanese GAAP
FYE Mar 2020	173	+2.3%	Cons. · Japanese GAAP
FYE Mar 2021	163	−5.6%	Cons. · Japanese GAAP
FYE Mar 2022	187	+15.1%	Cons. · Japanese GAAP
FYE Mar 2023	231	+23.1%	Cons. · Japanese GAAP
FYE Mar 2024	225	−2.3%	Cons. · Japanese GAAP
FYE Mar 2025	243	+7.8%	Cons. · Japanese GAAP
FYE Mar 2026	267	+9.7%	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 ¥128bn

CAGR · 10 yrs +3.5%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	94.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	105	+11.3%	Cons. · Japanese GAAP
FYE Mar 2019	109	+4.0%	Cons. · Japanese GAAP
FYE Mar 2020	109	−0.1%	Cons. · Japanese GAAP
FYE Mar 2021	116	+6.4%	Cons. · Japanese GAAP
FYE Mar 2022	114	−1.8%	Cons. · Japanese GAAP
FYE Mar 2023	120	+5.6%	Cons. · Japanese GAAP
FYE Mar 2024	114	−5.0%	Cons. · Japanese GAAP
FYE Mar 2025	120	+5.0%	Cons. · Japanese GAAP
FYE Mar 2026	128	+6.7%	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 ¥111bn

CAGR · 10 yrs +3.6%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	80.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	89.0	+10.6%	Cons. · Japanese GAAP
FYE Mar 2019	90.9	+2.2%	Cons. · Japanese GAAP
FYE Mar 2020	92.8	+2.0%	Cons. · Japanese GAAP
FYE Mar 2021	94.0	+1.3%	Cons. · Japanese GAAP
FYE Mar 2022	70.2	−25.3%	Cons. · Japanese GAAP
FYE Mar 2023	82.0	+16.8%	Cons. · Japanese GAAP
FYE Mar 2024	91.7	+11.8%	Cons. · Japanese GAAP
FYE Mar 2025	99.1	+8.0%	Cons. · Japanese GAAP
FYE Mar 2026	111	+11.7%	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 ¥17bn

CAGR · 10 yrs +2.6%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	13.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.6	+15.2%	Cons. · Japanese GAAP
FYE Mar 2019	17.8	+14.0%	Cons. · Japanese GAAP
FYE Mar 2020	15.8	−11.1%	Cons. · Japanese GAAP
FYE Mar 2021	21.6	+36.4%	Cons. · Japanese GAAP
FYE Mar 2022	43.4	+100.8%	Cons. · Japanese GAAP
FYE Mar 2023	37.9	−12.5%	Cons. · Japanese GAAP
FYE Mar 2024	22.2	−41.4%	Cons. · Japanese GAAP
FYE Mar 2025	20.6	−7.4%	Cons. · Japanese GAAP
FYE Mar 2026	17.1	−17.1%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥2.4bn

CAGR · 10 yrs +5.1%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.4	−8.4%	Cons. · Japanese GAAP
FYE Mar 2019	1.5	+3.8%	Cons. · Japanese GAAP
FYE Mar 2020	1.5	−0.2%	Cons. · Japanese GAAP
FYE Mar 2021	1.3	−10.1%	Cons. · Japanese GAAP
FYE Mar 2022	1.5	+13.8%	Cons. · Japanese GAAP
FYE Mar 2023	1.7	+12.5%	Cons. · Japanese GAAP
FYE Mar 2024	2.2	+28.8%	Cons. · Japanese GAAP
FYE Mar 2025	3.0	+37.8%	Cons. · Japanese GAAP
FYE Mar 2026	2.4	−19.4%	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 ¥2.6bn

CAGR · 10 yrs +15.0%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.9	+25.8%	Cons. · Japanese GAAP
FYE Mar 2019	0.9	−3.3%	Cons. · Japanese GAAP
FYE Mar 2020	1.0	+13.3%	Cons. · Japanese GAAP
FYE Mar 2021	1.0	−4.8%	Cons. · Japanese GAAP
FYE Mar 2022	1.6	+65.5%	Cons. · Japanese GAAP
FYE Mar 2023	0.9	−43.2%	Cons. · Japanese GAAP
FYE Mar 2024	1.1	+16.2%	Cons. · Japanese GAAP
FYE Mar 2025	1.4	+30.8%	Cons. · Japanese GAAP
FYE Mar 2026	2.6	+87.6%	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 ¥17bn

CAGR · 10 yrs +1.8%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	14.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.1	+12.1%	Cons. · Japanese GAAP
FYE Mar 2019	18.4	+14.1%	Cons. · Japanese GAAP
FYE Mar 2020	16.3	−11.4%	Cons. · Japanese GAAP
FYE Mar 2021	21.9	+34.8%	Cons. · Japanese GAAP
FYE Mar 2022	43.2	+97.1%	Cons. · Japanese GAAP
FYE Mar 2023	38.7	−10.5%	Cons. · Japanese GAAP
FYE Mar 2024	23.3	−39.7%	Cons. · Japanese GAAP
FYE Mar 2025	22.2	−5.0%	Cons. · Japanese GAAP
FYE Mar 2026	16.9	−24.0%	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 ¥7.4bn

CAGR · 10 yrs +23.3%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.5	+210.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.7	−80.1%	Cons. · Japanese GAAP
FYE Mar 2020	1.5	+111.6%	Cons. · Japanese GAAP
FYE Mar 2021	0.5	−64.1%	Cons. · Japanese GAAP
FYE Mar 2022	4.7	+780.5%	Cons. · Japanese GAAP
FYE Mar 2023	1.7	−63.9%	Cons. · Japanese GAAP
FYE Mar 2024	4.0	+140.0%	Cons. · Japanese GAAP
FYE Mar 2025	4.7	+17.4%	Cons. · Japanese GAAP
FYE Mar 2026	7.4	+56.1%	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 ¥12bn

CAGR · 10 yrs +3.6%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	8.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.0	+30.1%	Cons. · Japanese GAAP
FYE Mar 2019	10.4	−5.6%	Cons. · Japanese GAAP
FYE Mar 2020	9.0	−13.7%	Cons. · Japanese GAAP
FYE Mar 2021	10.6	+17.8%	Cons. · Japanese GAAP
FYE Mar 2022	20.8	+96.4%	Cons. · Japanese GAAP
FYE Mar 2023	21.2	+2.1%	Cons. · Japanese GAAP
FYE Mar 2024	16.2	−23.7%	Cons. · Japanese GAAP
FYE Mar 2025	16.2	+0.2%	Cons. · Japanese GAAP
FYE Mar 2026	11.7	−27.8%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 32.4%

Average · 10 yrs 36.9%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	40.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	39.0	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	39.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	38.6	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	41.5	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2022	37.7	−3.8pp	Cons. · Japanese GAAP
FYE Mar 2023	34.2	−3.5pp	Cons. · Japanese GAAP
FYE Mar 2024	33.6	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	33.0	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	32.4	−0.6pp	Cons. · Japanese GAAP

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

Operating margin

FYE Mar 2026 4.3%

Average · 10 yrs 7.3%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	5.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	6.4	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	5.6	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	7.8	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2022	14.4	+6.7pp	Cons. · Japanese GAAP
FYE Mar 2023	10.8	−3.6pp	Cons. · Japanese GAAP
FYE Mar 2024	6.6	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2025	5.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	4.3	−1.3pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Mar 2026 4.3%

Average · 10 yrs 7.5%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	6.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	6.6	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	5.8	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	7.9	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2022	14.4	+6.5pp	Cons. · Japanese GAAP
FYE Mar 2023	11.0	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2024	6.9	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2025	6.1	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	4.3	−1.8pp	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 3.0%

Average · 10 yrs 4.4%

Fiscal year	Net 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	3.8	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	3.2	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	3.8	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	6.9	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2023	6.0	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	4.8	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2025	4.5	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	3.0	−1.5pp	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 67.6%

Average · 10 yrs 63.1%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	59.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	61.0	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	60.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	61.4	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	58.5	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2022	62.3	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2023	65.8	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2024	66.4	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	67.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	67.6	+0.6pp	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 28.1%

Average · 10 yrs 29.6%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	34.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.2	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	32.8	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	33.0	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	33.8	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	23.3	−10.4pp	Cons. · Japanese GAAP
FYE Mar 2023	23.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	27.0	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2025	27.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	28.1	+0.7pp	Cons. · Japanese GAAP

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio Debt-to-equity

Total assets

FYE Mar 2026 ¥514bn

CAGR · 10 yrs +7.2%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	274	n/a	Cons. · Japanese GAAP
FYE Mar 2018	284	+3.6%	Cons. · Japanese GAAP
FYE Mar 2019	287	+1.0%	Cons. · Japanese GAAP
FYE Mar 2020	284	−1.1%	Cons. · Japanese GAAP
FYE Mar 2021	307	+8.1%	Cons. · Japanese GAAP
FYE Mar 2022	362	+18.1%	Cons. · Japanese GAAP
FYE Mar 2023	399	+10.1%	Cons. · Japanese GAAP
FYE Mar 2024	437	+9.6%	Cons. · Japanese GAAP
FYE Mar 2025	478	+9.2%	Cons. · Japanese GAAP
FYE Mar 2026	514	+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 ¥259bn

CAGR · 10 yrs +7.5%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	135	n/a	Cons. · Japanese GAAP
FYE Mar 2018	145	+7.5%	Cons. · Japanese GAAP
FYE Mar 2019	148	+2.1%	Cons. · Japanese GAAP
FYE Mar 2020	148	−0.3%	Cons. · Japanese GAAP
FYE Mar 2021	157	+6.2%	Cons. · Japanese GAAP
FYE Mar 2022	180	+15.0%	Cons. · Japanese GAAP
FYE Mar 2023	204	+13.0%	Cons. · Japanese GAAP
FYE Mar 2024	229	+12.1%	Cons. · Japanese GAAP
FYE Mar 2025	245	+7.2%	Cons. · Japanese GAAP
FYE Mar 2026	259	+5.8%	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 ¥47bn

CAGR · 10 yrs +9.8%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	20.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.8	−21.6%	Cons. · Japanese GAAP
FYE Mar 2019	15.4	−2.9%	Cons. · Japanese GAAP
FYE Mar 2020	10.2	−33.4%	Cons. · Japanese GAAP
FYE Mar 2021	20.6	+101.6%	Cons. · Japanese GAAP
FYE Mar 2022	20.7	+0.6%	Cons. · Japanese GAAP
FYE Mar 2023	20.1	−3.1%	Cons. · Japanese GAAP
FYE Mar 2024	20.4	+1.6%	Cons. · Japanese GAAP
FYE Mar 2025	43.0	+110.5%	Cons. · Japanese GAAP
FYE Mar 2026	46.8	+8.9%	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 ¥6.4bn

CAGR · 10 yrs −3.9%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	9.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.2	−43.3%	Cons. · Japanese GAAP
FYE Mar 2019	10.0	+90.8%	Cons. · Japanese GAAP
FYE Mar 2020	4.8	−51.9%	Cons. · Japanese GAAP
FYE Mar 2021	5.2	+7.9%	Cons. · Japanese GAAP
FYE Mar 2022	5.5	+6.4%	Cons. · Japanese GAAP
FYE Mar 2023	4.9	−10.5%	Cons. · Japanese GAAP
FYE Mar 2024	10.0	+103.5%	Cons. · Japanese GAAP
FYE Mar 2025	12.3	+23.1%	Cons. · Japanese GAAP
FYE Mar 2026	6.4	−47.9%	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 ¥40bn

CAGR · 10 yrs +15.6%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	11.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.6	−3.4%	Cons. · Japanese GAAP
FYE Mar 2019	5.4	−49.0%	Cons. · Japanese GAAP
FYE Mar 2020	5.4	+0.6%	Cons. · Japanese GAAP
FYE Mar 2021	15.5	+183.9%	Cons. · Japanese GAAP
FYE Mar 2022	15.2	−1.4%	Cons. · Japanese GAAP
FYE Mar 2023	15.2	−0.4%	Cons. · Japanese GAAP
FYE Mar 2024	10.4	−31.4%	Cons. · Japanese GAAP
FYE Mar 2025	30.7	+194.5%	Cons. · Japanese GAAP
FYE Mar 2026	40.4	+31.7%	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 ¥60bn

CAGR · 10 yrs +21.8%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	10.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.3	+117.1%	Cons. · Japanese GAAP
FYE Mar 2019	19.9	−10.6%	Cons. · Japanese GAAP
FYE Mar 2020	18.7	−6.1%	Cons. · Japanese GAAP
FYE Mar 2021	15.9	−15.0%	Cons. · Japanese GAAP
FYE Mar 2022	15.4	−3.3%	Cons. · Japanese GAAP
FYE Mar 2023	15.9	+3.7%	Cons. · Japanese GAAP
FYE Mar 2024	18.3	+15.1%	Cons. · Japanese GAAP
FYE Mar 2025	41.7	+127.2%	Cons. · Japanese GAAP
FYE Mar 2026	60.4	+44.9%	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 ¥30bn

CAGR · 10 yrs +18.5%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	6.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.8	+107.7%	Cons. · Japanese GAAP
FYE Mar 2019	12.4	−9.9%	Cons. · Japanese GAAP
FYE Mar 2020	11.8	−5.2%	Cons. · Japanese GAAP
FYE Mar 2021	10.1	−13.7%	Cons. · Japanese GAAP
FYE Mar 2022	10.1	−0.7%	Cons. · Japanese GAAP
FYE Mar 2023	10.7	+5.9%	Cons. · Japanese GAAP
FYE Mar 2024	12.2	+13.9%	Cons. · Japanese GAAP
FYE Mar 2025	25.3	+108.0%	Cons. · Japanese GAAP
FYE Mar 2026	30.5	+20.5%	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 50.5%

Average · 10 yrs 51.0%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	49.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	51.0	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2019	51.6	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	52.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	51.1	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	49.8	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2023	51.1	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2024	52.3	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	51.3	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	50.5	−0.9pp	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 18.1%

Average · 10 yrs 12.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	15.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.9	−4.0pp	Cons. · Japanese GAAP
FYE Mar 2019	10.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	6.9	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2021	13.2	+6.2pp	Cons. · Japanese GAAP
FYE Mar 2022	11.5	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2023	9.9	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2024	8.9	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	17.5	+8.6pp	Cons. · Japanese GAAP
FYE Mar 2026	18.1	+0.5pp	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 4.5%

Average · 10 yrs 7.4%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	6.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.6	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	7.0	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	6.1	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	6.7	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	11.5	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2023	10.4	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	7.1	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2025	6.6	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	4.5	−2.1pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 2.3%

Average · 10 yrs 3.8%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	3.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.9	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	3.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	3.2	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	3.4	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	5.7	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2023	5.3	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	3.7	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2025	3.4	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	2.3	−1.1pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.77×

CAGR · 10 yrs −1.2%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.85	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.94	+10.5%	Cons. · Japanese GAAP
FYE Mar 2019	0.97	+2.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.99	+2.5%	Cons. · Japanese GAAP
FYE Mar 2021	0.91	−8.4%	Cons. · Japanese GAAP
FYE Mar 2022	0.83	−8.5%	Cons. · Japanese GAAP
FYE Mar 2023	0.88	+5.8%	Cons. · Japanese GAAP
FYE Mar 2024	0.78	−11.7%	Cons. · Japanese GAAP
FYE Mar 2025	0.76	−2.1%	Cons. · Japanese GAAP
FYE Mar 2026	0.77	+1.1%	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 ¥17bn

CAGR · 10 yrs +3.4%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	12.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.3	+26.8%	Cons. · Japanese GAAP
FYE Mar 2019	13.5	−17.0%	Cons. · Japanese GAAP
FYE Mar 2020	11.7	−13.1%	Cons. · Japanese GAAP
FYE Mar 2021	27.1	+130.8%	Cons. · Japanese GAAP
FYE Mar 2022	16.4	−39.6%	Cons. · Japanese GAAP
FYE Mar 2023	45.5	+177.7%	Cons. · Japanese GAAP
FYE Mar 2024	29.2	−35.8%	Cons. · Japanese GAAP
FYE Mar 2025	16.2	−44.6%	Cons. · Japanese GAAP
FYE Mar 2026	17.3	+7.2%	Cons. · Japanese GAAP

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

Investing cash flow

FYE Mar 2026 -¥15bn

Average · 10 yrs -¥12bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	16.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-19.9	−222.9%	Cons. · Japanese GAAP
FYE Mar 2019	-9.2	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-6.7	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-10.4	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-10.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-20.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-41.6	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-15.3	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 -¥9.3bn

Average · 10 yrs -¥6.0bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-2.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-5.6	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-4.2	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-11.7	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2022	4.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-22.2	−637.5%	Cons. · Japanese GAAP
FYE Mar 2024	-13.4	n/a	Cons. · Japanese GAAP
FYE Mar 2025	6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-9.3	−242.1%	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 ¥69bn

CAGR · 10 yrs +1.8%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	58.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	49.3	−16.0%	Cons. · Japanese GAAP
FYE Mar 2019	48.6	−1.5%	Cons. · Japanese GAAP
FYE Mar 2020	44.5	−8.3%	Cons. · Japanese GAAP
FYE Mar 2021	62.9	+41.1%	Cons. · Japanese GAAP
FYE Mar 2022	75.7	+20.5%	Cons. · Japanese GAAP
FYE Mar 2023	91.8	+21.2%	Cons. · Japanese GAAP
FYE Mar 2024	90.2	−1.7%	Cons. · Japanese GAAP
FYE Mar 2025	75.3	−16.5%	Cons. · Japanese GAAP
FYE Mar 2026	69.1	−8.2%	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 ¥2.0bn

CAGR · 10 yrs −25.8%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	29.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-3.7	−112.6%	Cons. · Japanese GAAP
FYE Mar 2019	4.3	n/a	Cons. · Japanese GAAP
FYE Mar 2020	8.1	+87.5%	Cons. · Japanese GAAP
FYE Mar 2021	20.4	+152.8%	Cons. · Japanese GAAP
FYE Mar 2022	6.0	−70.6%	Cons. · Japanese GAAP
FYE Mar 2023	35.0	+485.6%	Cons. · Japanese GAAP
FYE Mar 2024	9.2	−73.8%	Cons. · Japanese GAAP
FYE Mar 2025	-25.4	−376.6%	Cons. · Japanese GAAP
FYE Mar 2026	2.0	n/a	Cons. · Japanese GAAP

Definition: What is left once the business has paid for its own investment
Formula: Operating cash flow + investing cash flow
Source: Securities report (XBRL)

Operating cash flow margin

FYE Mar 2026 4.4%

Average · 10 yrs 6.6%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	5.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.1	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	4.9	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	4.2	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	9.7	+5.6pp	Cons. · Japanese GAAP
FYE Mar 2022	5.4	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2023	13.0	+7.5pp	Cons. · Japanese GAAP
FYE Mar 2024	8.6	−4.4pp	Cons. · Japanese GAAP
FYE Mar 2025	4.5	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2026	4.4	−0.1pp	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 ¥22bn

CAGR · 10 yrs −5.9%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	38.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.5	−13.1%	Cons. · Japanese GAAP
FYE Mar 2019	33.2	−0.9%	Cons. · Japanese GAAP
FYE Mar 2020	34.3	+3.3%	Cons. · Japanese GAAP
FYE Mar 2021	42.2	+23.1%	Cons. · Japanese GAAP
FYE Mar 2022	55.0	+30.2%	Cons. · Japanese GAAP
FYE Mar 2023	71.7	+30.4%	Cons. · Japanese GAAP
FYE Mar 2024	69.8	−2.7%	Cons. · Japanese GAAP
FYE Mar 2025	32.3	−53.7%	Cons. · Japanese GAAP
FYE Mar 2026	22.3	−31.0%	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 ¥304bn

Change · 10 yrs +¥43bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	262	n/a
FYE Mar 2018	238	n/a
FYE Mar 2019	264	n/a
FYE Mar 2020	162	n/a
FYE Mar 2021	301	n/a
FYE Mar 2022	220	n/a
FYE Mar 2023	203	n/a
FYE Mar 2024	211	n/a
FYE Mar 2025	226	n/a
FYE Mar 2026	304	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 1,543¥

Change · 10 yrs +342¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,201	n/a
FYE Mar 2018	1,182	n/a
FYE Mar 2019	1,309	n/a
FYE Mar 2020	812	n/a
FYE Mar 2021	1,508	n/a
FYE Mar 2022	1,103	n/a
FYE Mar 2023	1,019	n/a
FYE Mar 2024	1,067	n/a
FYE Mar 2025	1,145	n/a
FYE Mar 2026	1,543	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 197,252,000shares

Change · 10 yrs −20,447,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	217,699,000	Parent
FYE Mar 2018	201,699,000	Parent
FYE Mar 2019	201,699,000	Parent
FYE Mar 2020	199,699,000	Parent
FYE Mar 2021	199,699,000	Parent
FYE Mar 2022	199,699,000	Parent
FYE Mar 2023	199,699,000	Parent
FYE Mar 2024	197,252,000	Parent
FYE Mar 2025	197,252,000	Parent
FYE Mar 2026	197,252,000	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 60.52¥

Change · 10 yrs +18.37¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	42.15	Cons.
FYE Mar 2018	54.97	Cons.
FYE Mar 2019	52.15	Cons.
FYE Mar 2020	45.11	Cons.
FYE Mar 2021	53.48	Cons.
FYE Mar 2022	105.05	Cons.
FYE Mar 2023	107.26	Cons.
FYE Mar 2024	82.09	Cons.
FYE Mar 2025	82.98	Cons.
FYE Mar 2026	60.52	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 1,314.76¥

Change · 10 yrs +694.45¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	620.32	Cons. · Japanese GAAP
FYE Mar 2018	719.44	Cons. · Japanese GAAP
FYE Mar 2019	734.75	Cons. · Japanese GAAP
FYE Mar 2020	739.93	Cons. · Japanese GAAP
FYE Mar 2021	785.61	Cons. · Japanese GAAP
FYE Mar 2022	903.46	Cons. · Japanese GAAP
FYE Mar 2023	1,021.30	Cons. · Japanese GAAP
FYE Mar 2024	1,159.26	Cons. · Japanese GAAP
FYE Mar 2025	1,243.22	Cons. · Japanese GAAP
FYE Mar 2026	1,314.76	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 25.50×

Average · 10 yrs 19.36×

Fiscal year	PER ×	Basis
FYE Mar 2017	28.50	Cons.
FYE Mar 2018	21.50	Cons.
FYE Mar 2019	25.10	Cons.
FYE Mar 2020	18.00	Cons.
FYE Mar 2021	28.20	Cons.
FYE Mar 2022	10.50	Cons.
FYE Mar 2023	9.50	Cons.
FYE Mar 2024	13.00	Cons.
FYE Mar 2025	13.80	Cons.
FYE Mar 2026	25.50	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 1.15×

Average · 10 yrs 1.33×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.79	Cons.
FYE Mar 2018	1.63	Cons.
FYE Mar 2019	1.76	Cons.
FYE Mar 2020	1.09	Cons.
FYE Mar 2021	1.90	Cons.
FYE Mar 2022	1.21	Cons.
FYE Mar 2023	0.99	Cons.
FYE Mar 2024	0.91	Cons.
FYE Mar 2025	0.91	Cons.
FYE Mar 2026	1.15	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 5,720people

Change · 10 yrs +1,313 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	4,407	n/a	Cons.
FYE Mar 2018	4,349	−1.3%	Cons.
FYE Mar 2019	4,493	+3.3%	Cons.
FYE Mar 2020	4,680	+4.2%	Cons.
FYE Mar 2021	4,748	+1.5%	Cons.
FYE Mar 2022	4,934	+3.9%	Cons.
FYE Mar 2023	5,171	+4.8%	Cons.
FYE Mar 2024	5,492	+6.2%	Cons.
FYE Mar 2025	5,729	+4.3%	Cons.
FYE Mar 2026	5,720	−0.2%	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 193people

Change · 10 yrs +92 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	101	n/a	Parent
FYE Mar 2018	176	+74.3%	Parent
FYE Mar 2019	183	+4.0%	Parent
FYE Mar 2020	183	−0.0%	Parent
FYE Mar 2021	184	+0.5%	Parent
FYE Mar 2022	184	−0.0%	Parent
FYE Mar 2023	190	+3.3%	Parent
FYE Mar 2024	197	+3.7%	Parent
FYE Mar 2025	201	+2.0%	Parent
FYE Mar 2026	193	−4.0%	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 764万円

Change · 8 yrs +36万円

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	728	n/a	Parent
FYE Mar 2020	775	+6.4%	Parent
FYE Mar 2021	719	−7.2%	Parent
FYE Mar 2022	733	+1.9%	Parent
FYE Mar 2023	748	+2.1%	Parent
FYE Mar 2024	743	−0.7%	Parent
FYE Mar 2025	763	+2.7%	Parent
FYE Mar 2026	764	+0.1%	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 49.8years

Change · 8 yrs +1.9 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	47.9	n/a	Parent
FYE Mar 2020	48.5	+1.3%	Parent
FYE Mar 2021	48.7	+0.4%	Parent
FYE Mar 2022	49.0	+0.6%	Parent
FYE Mar 2023	49.3	+0.6%	Parent
FYE Mar 2024	49.4	+0.2%	Parent
FYE Mar 2025	49.5	+0.2%	Parent
FYE Mar 2026	49.8	+0.6%	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 24.2years

Change · 8 yrs +1.5 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	22.7	n/a	Parent
FYE Mar 2020	23.8	+4.8%	Parent
FYE Mar 2021	24.2	+1.7%	Parent
FYE Mar 2022	23.8	−1.7%	Parent
FYE Mar 2023	24.0	+0.8%	Parent
FYE Mar 2024	24.0	−0.0%	Parent
FYE Mar 2025	24.0	−0.0%	Parent
FYE Mar 2026	24.2	+0.8%	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)

Revenue per employee

FYE Mar 2026 ¥68.9m

Change · 10 yrs +¥15.8m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	53.1	n/a	Cons.
FYE Mar 2018	61.7	+16.0%	Cons.
FYE Mar 2019	61.8	+0.2%	Cons.
FYE Mar 2020	60.1	−2.7%	Cons.
FYE Mar 2021	58.6	−2.4%	Cons.
FYE Mar 2022	61.0	+4.0%	Cons.
FYE Mar 2023	67.8	+11.2%	Cons.
FYE Mar 2024	61.8	−8.9%	Cons.
FYE Mar 2025	63.3	+2.5%	Cons.
FYE Mar 2026	68.9	+8.9%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥3.0m

Change · 10 yrs −¥0.1m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	3.1	n/a	Cons.
FYE Mar 2018	3.6	+16.7%	Cons.
FYE Mar 2019	4.0	+10.4%	Cons.
FYE Mar 2020	3.4	−14.6%	Cons.
FYE Mar 2021	4.5	+34.4%	Cons.
FYE Mar 2022	8.8	+93.2%	Cons.
FYE Mar 2023	7.3	−16.5%	Cons.
FYE Mar 2024	4.0	−44.8%	Cons.
FYE Mar 2025	3.6	−11.2%	Cons.
FYE Mar 2026	3.0	−17.0%	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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