Financials

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

FYE Mar 2026 · Revenue¥746bnYoY +5.2%

FYE Mar 2026 · Operating profit¥76bnYoY +3.0%

FYE Mar 2026 · Net profit¥62bnYoY −0.1%

FYE Mar 2026 · Equity ratio73.6%YoY −0.2pp

FYE Mar 2026 · Group employees7,911YoY +195

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥402bn	n/a	¥33bn	n/a	8.2%	¥24bn	Horikiri Noriaki	—
FYE Mar 2018Consolidated	¥431bn	+7.1%	¥37bn	+11.1%	8.5%	¥24bn	Horikiri Noriaki	Centenary of the founding
FYE Mar 2019Consolidated	¥454bn	+5.3%	¥38bn	+5.2%	8.5%	¥26bn	Horikiri Noriaki	Global Vision 2030 adopted
FYE Mar 2020Consolidated	¥440bn	−3.1%	¥35bn	−9.1%	7.9%	¥27bn	Horikiri Noriaki	—
FYE Mar 2021Consolidated	¥439bn	−0.0%	¥42bn	+19.4%	9.5%	¥29bn	Horikiri Noriaki	—
FYE Mar 2022Consolidated	¥516bn	+17.5%	¥51bn	+21.6%	9.8%	¥39bn	Horikiri Noriaki	—
FYE Mar 2023Consolidated	¥619bn	+19.8%	¥55bn	+9.2%	8.9%	¥44bn	Nakano Shozaburo	Moves to the TSE Prime Market; domestic food and beverage businesses merged
FYE Mar 2024Consolidated	¥661bn	+6.8%	¥67bn	+20.5%	10.1%	¥56bn	Nakano Shozaburo	Two overseas subsidiaries sold
FYE Mar 2025Consolidated	¥709bn	+7.3%	¥74bn	+10.4%	10.4%	¥62bn	Nakano Shozaburo	Capital and business alliance with Riken Vitamin dissolved
FYE Mar 2026Consolidated	¥746bn	+5.2%	¥76bn	+3.0%	10.2%	¥62bn	Nakano Shozaburo	—

How it compares

Ajinomoto¥1.58tnFY2025Operating margin 12.6%

Kikkoman¥746bnFY2025Operating margin 10.2%

Kewpie¥513bnFY2025Operating margin 6.7%House Foods Group¥317bnFY2025Operating margin 5.8%Kagome¥294bnFY2025Operating margin 7.7%

S&B FOODS INC.¥129bnFY2025Operating margin 8.0%

Kenko Mayonnaise¥92bnFY2025Operating margin 4.5%

Ariake Japan¥67bnFY2025Operating margin 17.6%Ebara Foods Industry¥50bnFY2025Operating margin 4.8%

Kadoya Sesame Mills Incorporated¥40bnFY2025Operating margin 9.5%

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 ¥746bn

CAGR · 10 yrs +7.1%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	402	n/a	Cons. · Japanese GAAP
FYE Mar 2018	431	+7.1%	Cons. · Japanese GAAP
FYE Mar 2019	454	+5.3%	Cons. · Japanese GAAP
FYE Mar 2020	440	−3.1%	Cons. · Japanese GAAP
FYE Mar 2021	439	moved to IFRS	Cons. · IFRS
FYE Mar 2022	516	+17.5%	Cons. · IFRS
FYE Mar 2023	619	+19.8%	Cons. · IFRS
FYE Mar 2024	661	+6.8%	Cons. · IFRS
FYE Mar 2025	709	+7.3%	Cons. · IFRS
FYE Mar 2026	746	+5.2%	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 ¥493bn

CAGR · 10 yrs +8.2%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	242	n/a	Cons. · Japanese GAAP
FYE Mar 2018	260	+7.5%	Cons. · Japanese GAAP
FYE Mar 2019	278	+6.7%	Cons. · Japanese GAAP
FYE Mar 2020	287	+3.5%	Cons. · Japanese GAAP
FYE Mar 2021	285	moved to IFRS	Cons. · IFRS
FYE Mar 2022	338	+18.4%	Cons. · IFRS
FYE Mar 2023	414	+22.8%	Cons. · IFRS
FYE Mar 2024	432	+4.3%	Cons. · IFRS
FYE Mar 2025	470	+8.7%	Cons. · IFRS
FYE Mar 2026	493	+4.9%	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 ¥253bn

CAGR · 10 yrs +5.2%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	160	n/a	Cons. · Japanese GAAP
FYE Mar 2018	170	+6.5%	Cons. · Japanese GAAP
FYE Mar 2019	176	+3.3%	Cons. · Japanese GAAP
FYE Mar 2020	152	−13.4%	Cons. · Japanese GAAP
FYE Mar 2021	154	moved to IFRS	Cons. · IFRS
FYE Mar 2022	179	+15.9%	Cons. · IFRS
FYE Mar 2023	204	+14.3%	Cons. · IFRS
FYE Mar 2024	229	+11.9%	Cons. · IFRS
FYE Mar 2025	239	+4.6%	Cons. · IFRS
FYE Mar 2026	253	+5.6%	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 ¥173bn

CAGR · 10 yrs +3.5%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	127	n/a	Cons. · Japanese GAAP
FYE Mar 2018	134	+5.3%	Cons. · Japanese GAAP
FYE Mar 2019	137	+2.7%	Cons. · Japanese GAAP
FYE Mar 2020	114	−16.9%	Cons. · Japanese GAAP
FYE Mar 2021	112	moved to IFRS	Cons. · IFRS
FYE Mar 2022	127	+13.4%	Cons. · IFRS
FYE Mar 2023	146	+15.1%	Cons. · IFRS
FYE Mar 2024	155	+6.6%	Cons. · IFRS
FYE Mar 2025	162	+4.3%	Cons. · IFRS
FYE Mar 2026	173	+6.9%	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 ¥76bn

CAGR · 10 yrs +9.8%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	32.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.5	+11.1%	Cons. · Japanese GAAP
FYE Mar 2019	38.4	+5.2%	Cons. · Japanese GAAP
FYE Mar 2020	34.9	−9.1%	Cons. · Japanese GAAP
FYE Mar 2021	41.7	moved to IFRS	Cons. · IFRS
FYE Mar 2022	50.7	+21.6%	Cons. · IFRS
FYE Mar 2023	55.4	+9.2%	Cons. · IFRS
FYE Mar 2024	66.7	+20.5%	Cons. · IFRS
FYE Mar 2025	73.7	+10.4%	Cons. · IFRS
FYE Mar 2026	75.9	+3.0%	Cons. · IFRS

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

Non-operating income

FYE Mar 2026 ¥12bn

CAGR · 10 yrs +11.7%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	4.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.8	+52.2%	Cons. · Japanese GAAP
FYE Mar 2019	8.1	+19.1%	Cons. · Japanese GAAP
FYE Mar 2020	4.0	−50.0%	Cons. · Japanese GAAP
FYE Mar 2021	4.3	moved to IFRS	Cons. · IFRS
FYE Mar 2022	10.2	+138.0%	Cons. · IFRS
FYE Mar 2023	11.9	+17.1%	Cons. · IFRS
FYE Mar 2024	17.4	+45.9%	Cons. · IFRS
FYE Mar 2025	11.6	−33.0%	Cons. · IFRS
FYE Mar 2026	12.1	+3.8%	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 ¥4.4bn

CAGR · 10 yrs −2.0%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	5.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.3	+38.7%	Cons. · Japanese GAAP
FYE Mar 2019	8.6	+17.4%	Cons. · Japanese GAAP
FYE Mar 2020	1.3	−84.4%	Cons. · Japanese GAAP
FYE Mar 2021	3.0	moved to IFRS	Cons. · IFRS
FYE Mar 2022	6.9	+132.4%	Cons. · IFRS
FYE Mar 2023	6.7	−1.9%	Cons. · IFRS
FYE Mar 2024	8.8	+30.0%	Cons. · IFRS
FYE Mar 2025	2.0	−77.0%	Cons. · IFRS
FYE Mar 2026	4.4	+116.4%	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 · 4 yrs +6.8%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	32.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.0	+12.3%	Cons. · Japanese GAAP
FYE Mar 2019	37.9	+5.4%	Cons. · Japanese GAAP
FYE Mar 2020	39.1	+3.0%	Cons. · Japanese GAAP
FYE Mar 2021	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	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 · 4 yrs +0.6%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.0	+1769.0%	Cons. · Japanese GAAP
FYE Mar 2019	2.7	−31.8%	Cons. · Japanese GAAP
FYE Mar 2020	0.2	−92.0%	Cons. · Japanese GAAP
FYE Mar 2021	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	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 ¥62bn

CAGR · 10 yrs +11.1%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	23.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.8	+0.2%	Cons. · Japanese GAAP
FYE Mar 2019	26.0	+9.0%	Cons. · Japanese GAAP
FYE Mar 2020	26.6	+2.3%	Cons. · Japanese GAAP
FYE Mar 2021	28.8	moved to IFRS	Cons. · IFRS
FYE Mar 2022	38.9	+34.9%	Cons. · IFRS
FYE Mar 2023	43.7	+12.4%	Cons. · IFRS
FYE Mar 2024	56.4	+29.1%	Cons. · IFRS
FYE Mar 2025	61.7	+9.3%	Cons. · IFRS
FYE Mar 2026	61.6	−0.1%	Cons. · IFRS

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

Gross margin

FYE Mar 2026 33.9%

Average · 10 yrs 35.8%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	39.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	39.5	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	38.8	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	34.6	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2021	35.1	moved to IFRS	Cons. · IFRS
FYE Mar 2022	34.6	−0.5pp	Cons. · IFRS
FYE Mar 2023	33.0	−1.6pp	Cons. · IFRS
FYE Mar 2024	34.6	+1.6pp	Cons. · IFRS
FYE Mar 2025	33.7	−0.9pp	Cons. · IFRS
FYE Mar 2026	33.9	+0.1pp	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 10.2%

Average · 10 yrs 9.2%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	8.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	8.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	7.9	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	9.5	moved to IFRS	Cons. · IFRS
FYE Mar 2022	9.8	+0.3pp	Cons. · IFRS
FYE Mar 2023	8.9	−0.9pp	Cons. · IFRS
FYE Mar 2024	10.1	+1.2pp	Cons. · IFRS
FYE Mar 2025	10.4	+0.3pp	Cons. · IFRS
FYE Mar 2026	10.2	−0.2pp	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 · 4 yrs 8.4%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	8.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	8.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	8.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	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 8.3%

Average · 10 yrs 7.0%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	5.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.5	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	5.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	6.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	6.6	moved to IFRS	Cons. · IFRS
FYE Mar 2022	7.5	+1.0pp	Cons. · IFRS
FYE Mar 2023	7.1	−0.5pp	Cons. · IFRS
FYE Mar 2024	8.5	+1.5pp	Cons. · IFRS
FYE Mar 2025	8.7	+0.2pp	Cons. · IFRS
FYE Mar 2026	8.3	−0.4pp	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 66.1%

Average · 10 yrs 64.2%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	60.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	60.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	61.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	65.4	+4.1pp	Cons. · Japanese GAAP
FYE Mar 2021	64.9	moved to IFRS	Cons. · IFRS
FYE Mar 2022	65.4	+0.5pp	Cons. · IFRS
FYE Mar 2023	67.0	+1.6pp	Cons. · IFRS
FYE Mar 2024	65.4	−1.6pp	Cons. · IFRS
FYE Mar 2025	66.3	+0.9pp	Cons. · IFRS
FYE Mar 2026	66.1	−0.1pp	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 23.2%

Average · 10 yrs 26.2%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	31.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	31.0	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	30.3	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	26.0	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2021	25.4	moved to IFRS	Cons. · IFRS
FYE Mar 2022	24.5	−0.9pp	Cons. · IFRS
FYE Mar 2023	23.5	−1.0pp	Cons. · IFRS
FYE Mar 2024	23.5	−0.0pp	Cons. · IFRS
FYE Mar 2025	22.8	−0.7pp	Cons. · IFRS
FYE Mar 2026	23.2	+0.4pp	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 ¥752bn

CAGR · 10 yrs +8.5%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	361	n/a	Cons. · Japanese GAAP
FYE Mar 2018	344	−4.8%	Cons. · Japanese GAAP
FYE Mar 2019	362	+5.3%	Cons. · Japanese GAAP
FYE Mar 2020	387	+7.0%	Cons. · Japanese GAAP
FYE Mar 2021	427	moved to IFRS	Cons. · IFRS
FYE Mar 2022	503	+17.7%	Cons. · IFRS
FYE Mar 2023	566	+12.6%	Cons. · IFRS
FYE Mar 2024	668	+17.9%	Cons. · IFRS
FYE Mar 2025	679	+1.7%	Cons. · IFRS
FYE Mar 2026	752	+10.6%	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 ¥553bn

CAGR · 10 yrs +9.7%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	240	n/a	Cons. · Japanese GAAP
FYE Mar 2018	248	+3.4%	Cons. · Japanese GAAP
FYE Mar 2019	265	+7.0%	Cons. · Japanese GAAP
FYE Mar 2020	272	+2.7%	Cons. · Japanese GAAP
FYE Mar 2021	306	moved to IFRS	Cons. · IFRS
FYE Mar 2022	352	+14.9%	Cons. · IFRS
FYE Mar 2023	404	+14.9%	Cons. · IFRS
FYE Mar 2024	484	+19.9%	Cons. · IFRS
FYE Mar 2025	501	+3.4%	Cons. · IFRS
FYE Mar 2026	553	+10.4%	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 ¥18bn

CAGR · 10 yrs +1.4%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	16.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.7	+3.5%	Cons. · Japanese GAAP
FYE Mar 2019	17.1	+2.4%	Cons. · Japanese GAAP
FYE Mar 2020	18.9	+10.7%	Cons. · Japanese GAAP
FYE Mar 2021	17.4	moved to IFRS	Cons. · IFRS
FYE Mar 2022	17.5	+0.9%	Cons. · IFRS
FYE Mar 2023	17.5	−0.3%	Cons. · IFRS
FYE Mar 2024	18.2	+4.1%	Cons. · IFRS
FYE Mar 2025	18.2	+0.4%	Cons. · IFRS
FYE Mar 2026	18.2	−0.1%	Cons. · IFRS

Definition: Borrowings the company pays interest on
Formula: Loans + bonds + lease obligations
Source: Securities report (XBRL)

Short-term borrowings

FYE Mar 2026 ¥4.2bn

CAGR · 10 yrs +4.6%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	2.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.7	+30.9%	Cons. · Japanese GAAP
FYE Mar 2019	3.5	−5.6%	Cons. · Japanese GAAP
FYE Mar 2020	5.3	+52.3%	Cons. · Japanese GAAP
FYE Mar 2021	4.0	moved to IFRS	Cons. · IFRS
FYE Mar 2022	4.5	+14.0%	Cons. · IFRS
FYE Mar 2023	17.1	+278.7%	Cons. · IFRS
FYE Mar 2024	3.8	−77.9%	Cons. · IFRS
FYE Mar 2025	3.8	+1.8%	Cons. · IFRS
FYE Mar 2026	4.2	+9.8%	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 ¥14bn

CAGR · 10 yrs +0.6%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	13.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.0	−2.3%	Cons. · Japanese GAAP
FYE Mar 2019	13.6	+4.6%	Cons. · Japanese GAAP
FYE Mar 2020	13.6	−0.0%	Cons. · Japanese GAAP
FYE Mar 2021	13.4	moved to IFRS	Cons. · IFRS
FYE Mar 2022	13.0	−3.0%	Cons. · IFRS
FYE Mar 2023	0.4	−96.9%	Cons. · IFRS
FYE Mar 2024	14.4	+3500.0%	Cons. · IFRS
FYE Mar 2025	14.4	−0.0%	Cons. · IFRS
FYE Mar 2026	14.0	−2.8%	Cons. · IFRS

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

Bonds

FYE Mar 2026 n/a

Average · 9 yrs ¥3.5bn

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	30.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.7	−94.4%	Cons. · Japanese GAAP
FYE Mar 2019	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	0.0	moved to IFRS	Cons. · IFRS
FYE Mar 2022	0.0	n/a	Cons. · IFRS
FYE Mar 2023	0.0	n/a	Cons. · IFRS
FYE Mar 2024	0.0	n/a	Cons. · IFRS
FYE Mar 2025	0.0	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

Definition: Bonds outstanding
Formula: Bonds line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥7.6bn

CAGR · 10 yrs −4.5%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	11.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.5	−9.3%	Cons. · Japanese GAAP
FYE Mar 2019	10.3	−2.0%	Cons. · Japanese GAAP
FYE Mar 2020	4.9	−52.0%	Cons. · Japanese GAAP
FYE Mar 2021	5.1	moved to IFRS	Cons. · IFRS
FYE Mar 2022	4.9	−2.5%	Cons. · IFRS
FYE Mar 2023	4.8	−3.1%	Cons. · IFRS
FYE Mar 2024	5.0	+3.5%	Cons. · IFRS
FYE Mar 2025	4.9	−0.6%	Cons. · IFRS
FYE Mar 2026	7.6	+54.6%	Cons. · IFRS

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

Goodwill

FYE Mar 2026 ¥3.3bn

CAGR · 10 yrs −6.2%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	5.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.1	−12.8%	Cons. · Japanese GAAP
FYE Mar 2019	5.0	−2.2%	Cons. · Japanese GAAP
FYE Mar 2020	4.8	−2.5%	Cons. · Japanese GAAP
FYE Mar 2021	5.0	moved to IFRS	Cons. · IFRS
FYE Mar 2022	4.6	−7.6%	Cons. · IFRS
FYE Mar 2023	4.7	+0.7%	Cons. · IFRS
FYE Mar 2024	3.4	−26.9%	Cons. · IFRS
FYE Mar 2025	3.2	−6.1%	Cons. · IFRS
FYE Mar 2026	3.3	+2.0%	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 73.6%

Average · 10 yrs 71.5%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	66.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	72.1	+5.7pp	Cons. · Japanese GAAP
FYE Mar 2019	73.3	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	70.3	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2021	71.6	moved to IFRS	Cons. · IFRS
FYE Mar 2022	69.9	−1.7pp	Cons. · IFRS
FYE Mar 2023	71.3	+1.4pp	Cons. · IFRS
FYE Mar 2024	72.5	+1.2pp	Cons. · IFRS
FYE Mar 2025	73.7	+1.2pp	Cons. · IFRS
FYE Mar 2026	73.6	−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 3.3%

Average · 10 yrs 5.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	6.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	6.4	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	6.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	5.7	moved to IFRS	Cons. · IFRS
FYE Mar 2022	5.0	−0.7pp	Cons. · IFRS
FYE Mar 2023	4.3	−0.7pp	Cons. · IFRS
FYE Mar 2024	3.8	−0.6pp	Cons. · IFRS
FYE Mar 2025	3.6	−0.1pp	Cons. · IFRS
FYE Mar 2026	3.3	−0.3pp	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 11.1%

Average · 10 yrs 10.5%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	9.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	9.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	9.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	9.4	moved to IFRS	Cons. · IFRS
FYE Mar 2022	11.1	+1.6pp	Cons. · IFRS
FYE Mar 2023	10.8	−0.2pp	Cons. · IFRS
FYE Mar 2024	11.7	+0.8pp	Cons. · IFRS
FYE Mar 2025	12.3	+0.7pp	Cons. · IFRS
FYE Mar 2026	11.1	−1.2pp	Cons. · IFRS

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

ROA return on assets

FYE Mar 2026 8.2%

Average · 10 yrs 7.5%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	6.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.9	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	7.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	6.9	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	6.7	moved to IFRS	Cons. · IFRS
FYE Mar 2022	7.7	+1.0pp	Cons. · IFRS
FYE Mar 2023	7.7	−0.0pp	Cons. · IFRS
FYE Mar 2024	8.5	+0.7pp	Cons. · IFRS
FYE Mar 2025	9.1	+0.6pp	Cons. · IFRS
FYE Mar 2026	8.2	−0.9pp	Cons. · IFRS

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

Asset turnover

FYE Mar 2026 0.99×

CAGR · 10 yrs −1.3%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.11	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.25	+12.5%	Cons. · Japanese GAAP
FYE Mar 2019	1.25	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	1.14	−9.4%	Cons. · Japanese GAAP
FYE Mar 2021	1.03	moved to IFRS	Cons. · IFRS
FYE Mar 2022	1.03	−0.1%	Cons. · IFRS
FYE Mar 2023	1.09	+6.4%	Cons. · IFRS
FYE Mar 2024	0.99	−9.4%	Cons. · IFRS
FYE Mar 2025	1.04	+5.5%	Cons. · IFRS
FYE Mar 2026	0.99	−5.0%	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 ¥91bn

CAGR · 10 yrs +14.8%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	26.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	37.6	+44.0%	Cons. · Japanese GAAP
FYE Mar 2019	37.0	−1.7%	Cons. · Japanese GAAP
FYE Mar 2020	39.7	+7.1%	Cons. · Japanese GAAP
FYE Mar 2021	55.1	moved to IFRS	Cons. · IFRS
FYE Mar 2022	52.1	−5.5%	Cons. · IFRS
FYE Mar 2023	59.2	+13.6%	Cons. · IFRS
FYE Mar 2024	80.8	+36.5%	Cons. · IFRS
FYE Mar 2025	74.0	−8.5%	Cons. · IFRS
FYE Mar 2026	90.5	+22.3%	Cons. · IFRS

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

Investing cash flow

FYE Mar 2026 -¥43bn

Average · 10 yrs -¥24bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	13.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-14.6	−210.6%	Cons. · Japanese GAAP
FYE Mar 2019	-25.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-29.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-16.8	moved to IFRS	Cons. · IFRS
FYE Mar 2022	-16.1	n/a	Cons. · IFRS
FYE Mar 2023	-26.6	n/a	Cons. · IFRS
FYE Mar 2024	-43.0	n/a	Cons. · IFRS
FYE Mar 2025	-38.5	n/a	Cons. · IFRS
FYE Mar 2026	-43.2	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 -¥53bn

Average · 10 yrs -¥27bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-30.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-44.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-9.1	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-13.2	moved to IFRS	Cons. · IFRS
FYE Mar 2022	-17.9	n/a	Cons. · IFRS
FYE Mar 2023	-20.4	n/a	Cons. · IFRS
FYE Mar 2024	-31.4	n/a	Cons. · IFRS
FYE Mar 2025	-46.1	n/a	Cons. · IFRS
FYE Mar 2026	-53.1	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 ¥112bn

CAGR · 10 yrs +10.9%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	44.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.8	−48.5%	Cons. · Japanese GAAP
FYE Mar 2019	27.5	+20.7%	Cons. · Japanese GAAP
FYE Mar 2020	28.1	+2.2%	Cons. · Japanese GAAP
FYE Mar 2021	55.9	moved to IFRS	Cons. · IFRS
FYE Mar 2022	79.2	+41.8%	Cons. · IFRS
FYE Mar 2023	99.3	+25.4%	Cons. · IFRS
FYE Mar 2024	119	+19.9%	Cons. · IFRS
FYE Mar 2025	106	−10.9%	Cons. · IFRS
FYE Mar 2026	112	+5.3%	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 ¥47bn

CAGR · 10 yrs +2.1%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	39.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.0	−41.6%	Cons. · Japanese GAAP
FYE Mar 2019	11.3	−50.8%	Cons. · Japanese GAAP
FYE Mar 2020	10.4	−7.9%	Cons. · Japanese GAAP
FYE Mar 2021	38.3	moved to IFRS	Cons. · IFRS
FYE Mar 2022	36.0	−6.1%	Cons. · IFRS
FYE Mar 2023	32.6	−9.5%	Cons. · IFRS
FYE Mar 2024	37.8	+16.1%	Cons. · IFRS
FYE Mar 2025	35.5	−6.1%	Cons. · IFRS
FYE Mar 2026	47.3	+33.1%	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 12.1%

Average · 10 yrs 9.9%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.7	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2019	8.2	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	9.0	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	12.5	moved to IFRS	Cons. · IFRS
FYE Mar 2022	10.1	−2.5pp	Cons. · IFRS
FYE Mar 2023	9.6	−0.5pp	Cons. · IFRS
FYE Mar 2024	12.2	+2.7pp	Cons. · IFRS
FYE Mar 2025	10.4	−1.8pp	Cons. · IFRS
FYE Mar 2026	12.1	+1.7pp	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 ¥94bn

CAGR · 10 yrs +14.3%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	28.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.1	−78.3%	Cons. · Japanese GAAP
FYE Mar 2019	10.4	+71.0%	Cons. · Japanese GAAP
FYE Mar 2020	9.2	−11.8%	Cons. · Japanese GAAP
FYE Mar 2021	38.5	moved to IFRS	Cons. · IFRS
FYE Mar 2022	61.7	+60.2%	Cons. · IFRS
FYE Mar 2023	81.9	+32.7%	Cons. · IFRS
FYE Mar 2024	101	+23.3%	Cons. · IFRS
FYE Mar 2025	87.9	−12.9%	Cons. · IFRS
FYE Mar 2026	93.6	+6.4%	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 ¥1.39tn

Change · 10 yrs +¥688bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	700	n/a
FYE Mar 2018	901	n/a
FYE Mar 2019	1,053	n/a
FYE Mar 2020	894	n/a
FYE Mar 2021	1,278	n/a
FYE Mar 2022	1,578	n/a
FYE Mar 2023	1,306	n/a
FYE Mar 2024	1,911	n/a
FYE Mar 2025	1,399	n/a
FYE Mar 2026	1,388	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 1,432¥

Change · 10 yrs −1,897¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	3,329	n/a
FYE Mar 2018	4,280	n/a
FYE Mar 2019	5,429	n/a
FYE Mar 2020	4,612	n/a
FYE Mar 2021	6,589	n/a
FYE Mar 2022	8,138	n/a
FYE Mar 2023	6,736	n/a
FYE Mar 2024	9,855	n/a
FYE Mar 2025	1,443	n/a
FYE Mar 2026	1,432	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 969,416,000shares

Change · 10 yrs +759,033,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	210,383,000	Parent
FYE Mar 2018	210,383,000	Parent
FYE Mar 2019	193,883,000	Parent
FYE Mar 2020	193,883,000	Parent
FYE Mar 2021	193,883,000	Parent
FYE Mar 2022	193,883,000	Parent
FYE Mar 2023	193,883,000	Parent
FYE Mar 2024	193,883,000	Parent
FYE Mar 2025	969,416,000	Parent
FYE Mar 2026	969,416,000	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 65.99¥

Change · 10 yrs −57.29¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	123.28	Cons.
FYE Mar 2018	123.71	Cons.
FYE Mar 2019	135.39	Cons.
FYE Mar 2020	27.95	Cons.
FYE Mar 2021	32.46	Cons.
FYE Mar 2022	40.59	Cons.
FYE Mar 2023	45.67	Cons.
FYE Mar 2024	59.19	Cons.
FYE Mar 2025	64.99	Cons.
FYE Mar 2026	65.99	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 570.45¥

Change · 10 yrs −570.37¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,140.82	Cons. · Japanese GAAP
FYE Mar 2018	1,179.15	Cons. · Japanese GAAP
FYE Mar 2019	1,369.02	Cons. · Japanese GAAP
FYE Mar 2020	1,405.34	Cons. · Japanese GAAP
FYE Mar 2021	1,578.36	Cons. · IFRS
FYE Mar 2022	1,814.11	Cons. · IFRS
FYE Mar 2023	2,084.02	Cons. · IFRS
FYE Mar 2024	2,498.70	Cons. · IFRS
FYE Mar 2025	516.84	Cons. · IFRS
FYE Mar 2026	570.45	Cons. · IFRS

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

PER price-to-earnings ratio

FYE Mar 2026 21.70×

Average · 10 yrs 32.21×

Fiscal year	PER ×	Basis
FYE Mar 2017	27.00	Cons.
FYE Mar 2018	34.60	Cons.
FYE Mar 2019	40.10	Cons.
FYE Mar 2020	33.00	Cons.
FYE Mar 2021	40.60	Cons.
FYE Mar 2022	40.10	Cons.
FYE Mar 2023	29.50	Cons.
FYE Mar 2024	33.30	Cons.
FYE Mar 2025	22.20	Cons.
FYE Mar 2026	21.70	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 2.37×

Average · 10 yrs 3.36×

Fiscal year	PBR ×	Basis
FYE Mar 2017	2.68	Cons.
FYE Mar 2018	3.31	Cons.
FYE Mar 2019	3.94	Cons.
FYE Mar 2020	3.25	Cons.
FYE Mar 2021	4.11	Cons.
FYE Mar 2022	4.36	Cons.
FYE Mar 2023	3.14	Cons.
FYE Mar 2024	3.82	Cons.
FYE Mar 2025	2.67	Cons.
FYE Mar 2026	2.37	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 7,911people

Change · 10 yrs +1,140 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	6,771	n/a	Cons.
FYE Mar 2018	7,105	+4.9%	Cons.
FYE Mar 2019	7,100	−0.1%	Cons.
FYE Mar 2020	7,376	+3.9%	Cons.
FYE Mar 2021	7,645	+3.6%	Cons.
FYE Mar 2022	7,686	+0.5%	Cons.
FYE Mar 2023	7,775	+1.2%	Cons.
FYE Mar 2024	7,521	−3.3%	Cons.
FYE Mar 2025	7,716	+2.6%	Cons.
FYE Mar 2026	7,911	+2.5%	Cons.

Definition: Everyone employed across the group
Formula: Consolidated headcount, from the employee section of the filing
Source: Securities report (XBRL)

Parent-company employees

FYE Mar 2026 672people

Change · 10 yrs +233 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	439	n/a	Parent
FYE Mar 2018	445	+1.4%	Parent
FYE Mar 2019	456	+2.5%	Parent
FYE Mar 2020	473	+3.7%	Parent
FYE Mar 2021	506	+7.0%	Parent
FYE Mar 2022	529	+4.5%	Parent
FYE Mar 2023	572	+8.1%	Parent
FYE Mar 2024	590	+3.1%	Parent
FYE Mar 2025	623	+5.6%	Parent
FYE Mar 2026	672	+7.9%	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 ¥8.2m

Change · 10 yrs +¥0.2m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	8.0	n/a	Parent
FYE Mar 2018	8.1	+1.0%	Parent
FYE Mar 2019	8.0	−1.4%	Parent
FYE Mar 2020	8.0	−0.1%	Parent
FYE Mar 2021	7.8	−2.4%	Parent
FYE Mar 2022	7.9	+1.4%	Parent
FYE Mar 2023	7.9	+0.3%	Parent
FYE Mar 2024	8.2	+3.9%	Parent
FYE Mar 2025	8.2	+0.3%	Parent
FYE Mar 2026	8.2	−0.3%	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 43.1years

Change · 8 yrs −0.1 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	43.2	n/a	Parent
FYE Mar 2020	42.8	−0.9%	Parent
FYE Mar 2021	43.6	+1.9%	Parent
FYE Mar 2022	43.5	−0.2%	Parent
FYE Mar 2023	43.4	−0.2%	Parent
FYE Mar 2024	43.6	+0.5%	Parent
FYE Mar 2025	43.5	−0.2%	Parent
FYE Mar 2026	43.1	−0.9%	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 13.4years

Change · 10 yrs −1.2 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	14.6	n/a	Parent
FYE Mar 2018	14.8	+1.4%	Parent
FYE Mar 2019	14.2	−4.1%	Parent
FYE Mar 2020	13.8	−2.8%	Parent
FYE Mar 2021	13.4	−2.9%	Parent
FYE Mar 2022	13.5	+0.7%	Parent
FYE Mar 2023	13.4	−0.7%	Parent
FYE Mar 2024	14.1	+5.2%	Parent
FYE Mar 2025	14.2	+0.7%	Parent
FYE Mar 2026	13.4	−5.6%	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 482people

Change · 10 yrs −439 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	921	n/a	n/a
FYE Mar 2018	867	−5.9%	n/a
FYE Mar 2019	852	−1.7%	n/a
FYE Mar 2020	775	−9.0%	n/a
FYE Mar 2021	646	−16.6%	n/a
FYE Mar 2022	633	−2.0%	n/a
FYE Mar 2023	612	−3.3%	n/a
FYE Mar 2024	568	−7.2%	n/a
FYE Mar 2025	515	−9.3%	n/a
FYE Mar 2026	482	−6.4%	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 ¥94.2m

Change · 10 yrs +¥34.8m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	59.4	n/a	Cons.
FYE Mar 2018	60.6	+2.0%	Cons.
FYE Mar 2019	63.9	+5.4%	Cons.
FYE Mar 2020	59.6	−6.7%	Cons.
FYE Mar 2021	57.5	n/a	Cons.
FYE Mar 2022	67.2	+16.9%	Cons.
FYE Mar 2023	79.6	+18.5%	Cons.
FYE Mar 2024	87.9	+10.4%	Cons.
FYE Mar 2025	91.9	+4.6%	Cons.
FYE Mar 2026	94.2	+2.6%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥9.6m

Change · 10 yrs +¥4.7m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	4.9	n/a	Cons.
FYE Mar 2018	5.1	+5.9%	Cons.
FYE Mar 2019	5.4	+5.3%	Cons.
FYE Mar 2020	4.7	−12.5%	Cons.
FYE Mar 2021	5.5	n/a	Cons.
FYE Mar 2022	6.6	+21.0%	Cons.
FYE Mar 2023	7.1	+8.0%	Cons.
FYE Mar 2024	8.9	+24.6%	Cons.
FYE Mar 2025	9.6	+7.6%	Cons.
FYE Mar 2026	9.6	+0.5%	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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