Financials

Hagoromo Foods: FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥75bnYoY +0.6%

FYE Mar 2026 · Operating profit¥3.1bnYoY +10.4%

FYE Mar 2026 · Net profit¥2.6bnYoY +7.2%

FYE Mar 2026 · Equity ratio61.8%YoY +1.6pp

FYE Mar 2026 · Group employees667YoY −10

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥79bn	n/a	¥2.9bn	n/a	3.6%	¥1.8bn	Ikeda Kenichi	—
FYE Mar 2018Consolidated	¥80bn	+0.7%	¥1.4bn	−50.7%	1.8%	¥1.7bn	Ikeda Kenichi	Maruai absorbed into Hagoromo Foods
FYE Mar 2019Consolidated	¥80bn	+0.1%	¥1.6bn	+10.9%	2.0%	¥1.0bn	Ikeda Kenichi	—
FYE Mar 2020Consolidated	¥83bn	+3.7%	¥3.1bn	+96.7%	3.7%	¥2.3bn	Ikeda Kenichi	<a class="en-history_person" href="/tse/2831/executives/ceo/goto-saeko/" hreflang="ja">Goto Saeko</a> becomes president
FYE Mar 2021Consolidated	¥67bn	−18.7%	¥3.4bn	+11.2%	5.1%	¥3.0bn	Goto Saeko	New Shimizu plant opens
FYE Mar 2022Consolidated	¥68bn	+1.6%	¥2.3bn	−33.5%	3.3%	¥2.0bn	Goto Saeko	—
FYE Mar 2023Consolidated	¥70bn	+2.9%	-¥1.1bn	−150.0%	-1.6%	-¥1.3bn	Goto Saeko	Moves to the TSE Standard market
FYE Mar 2024Consolidated	¥74bn	+4.3%	¥1.8bn	n/a	2.5%	¥1.7bn	Goto Saeko	—
FYE Mar 2025Consolidated	¥75bn	+1.6%	¥2.8bn	+55.3%	3.8%	¥2.5bn	Goto Saeko	—
FYE Mar 2026Consolidated	¥75bn	+0.6%	¥3.1bn	+10.4%	4.2%	¥2.6bn	Goto Saeko	—

How it compares

Umios¥1.11tnFY2025Operating margin 2.8%Nissui¥931bnFY2025Operating margin 4.3%

Maruha CorporationDissolved 2007

Kyokuyou¥303bnFY2024Operating margin 3.7%

Nichiro CorporationDelisted 2007

Hagoromo Foods¥75bnFY2025Operating margin 4.2%

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 ¥75bn

CAGR · 10 yrs −0.6%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	79.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	79.9	+0.7%	Cons. · Japanese GAAP
FYE Mar 2019	79.9	+0.1%	Cons. · Japanese GAAP
FYE Mar 2020	82.9	+3.7%	Cons. · Japanese GAAP
FYE Mar 2021	67.3	−18.7%	Cons. · Japanese GAAP
FYE Mar 2022	68.4	+1.6%	Cons. · Japanese GAAP
FYE Mar 2023	70.5	+2.9%	Cons. · Japanese GAAP
FYE Mar 2024	73.5	+4.3%	Cons. · Japanese GAAP
FYE Mar 2025	74.7	+1.6%	Cons. · Japanese GAAP
FYE Mar 2026	75.1	+0.6%	Cons. · Japanese GAAP

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

Cost of sales

FYE Mar 2026 ¥59bn

CAGR · 10 yrs +1.8%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	50.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	51.2	+2.2%	Cons. · Japanese GAAP
FYE Mar 2019	50.9	−0.5%	Cons. · Japanese GAAP
FYE Mar 2020	51.8	+1.6%	Cons. · Japanese GAAP
FYE Mar 2021	50.9	−1.6%	Cons. · Japanese GAAP
FYE Mar 2022	52.9	+3.8%	Cons. · Japanese GAAP
FYE Mar 2023	58.6	+10.9%	Cons. · Japanese GAAP
FYE Mar 2024	58.5	−0.2%	Cons. · Japanese GAAP
FYE Mar 2025	58.7	+0.3%	Cons. · Japanese GAAP
FYE Mar 2026	58.9	+0.4%	Cons. · Japanese GAAP

Definition: The cost of what was sold
Formula: Cost of sales line of the income statement
Source: Securities report (XBRL)

Gross profit

FYE Mar 2026 ¥16bn

CAGR · 10 yrs −6.4%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	29.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	28.7	−1.9%	Cons. · Japanese GAAP
FYE Mar 2019	29.0	+1.0%	Cons. · Japanese GAAP
FYE Mar 2020	31.1	+7.3%	Cons. · Japanese GAAP
FYE Mar 2021	16.4	−47.2%	Cons. · Japanese GAAP
FYE Mar 2022	15.6	−5.1%	Cons. · Japanese GAAP
FYE Mar 2023	11.8	−24.1%	Cons. · Japanese GAAP
FYE Mar 2024	15.0	+26.8%	Cons. · Japanese GAAP
FYE Mar 2025	16.0	+6.5%	Cons. · Japanese GAAP
FYE Mar 2026	16.1	+1.1%	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 ¥13bn

CAGR · 10 yrs −7.6%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	26.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.3	+3.3%	Cons. · Japanese GAAP
FYE Mar 2019	27.4	+0.5%	Cons. · Japanese GAAP
FYE Mar 2020	28.0	+2.3%	Cons. · Japanese GAAP
FYE Mar 2021	13.0	−53.6%	Cons. · Japanese GAAP
FYE Mar 2022	13.3	+2.3%	Cons. · Japanese GAAP
FYE Mar 2023	13.0	−2.7%	Cons. · Japanese GAAP
FYE Mar 2024	13.2	+1.5%	Cons. · Japanese GAAP
FYE Mar 2025	13.1	−0.3%	Cons. · Japanese GAAP
FYE Mar 2026	13.0	−1.0%	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 ¥3.1bn

CAGR · 10 yrs +1.1%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	2.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.4	−50.7%	Cons. · Japanese GAAP
FYE Mar 2019	1.6	+10.9%	Cons. · Japanese GAAP
FYE Mar 2020	3.1	+96.7%	Cons. · Japanese GAAP
FYE Mar 2021	3.4	+11.2%	Cons. · Japanese GAAP
FYE Mar 2022	2.3	−33.5%	Cons. · Japanese GAAP
FYE Mar 2023	-1.1	−150.0%	Cons. · Japanese GAAP
FYE Mar 2024	1.8	n/a	Cons. · Japanese GAAP
FYE Mar 2025	2.8	+55.3%	Cons. · Japanese GAAP
FYE Mar 2026	3.1	+10.4%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥677m

CAGR · 10 yrs +10.7%

Fiscal year	Non-operating income ¥ m	YoY	Basis
FYE Mar 2017	272	n/a	Cons. · Japanese GAAP
FYE Mar 2018	357	+31.4%	Cons. · Japanese GAAP
FYE Mar 2019	377	+5.5%	Cons. · Japanese GAAP
FYE Mar 2020	406	+7.7%	Cons. · Japanese GAAP
FYE Mar 2021	564	+39.1%	Cons. · Japanese GAAP
FYE Mar 2022	348	−38.4%	Cons. · Japanese GAAP
FYE Mar 2023	435	+25.0%	Cons. · Japanese GAAP
FYE Mar 2024	516	+18.8%	Cons. · Japanese GAAP
FYE Mar 2025	622	+20.4%	Cons. · Japanese GAAP
FYE Mar 2026	677	+8.9%	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 ¥111m

CAGR · 10 yrs −1.7%

Fiscal year	Non-operating expenses ¥ m	YoY	Basis
FYE Mar 2017	129	n/a	Cons. · Japanese GAAP
FYE Mar 2018	68.5	−47.1%	Cons. · Japanese GAAP
FYE Mar 2019	67.3	−1.7%	Cons. · Japanese GAAP
FYE Mar 2020	70.9	+5.3%	Cons. · Japanese GAAP
FYE Mar 2021	67.0	−5.4%	Cons. · Japanese GAAP
FYE Mar 2022	64.6	−3.6%	Cons. · Japanese GAAP
FYE Mar 2023	92.4	+43.1%	Cons. · Japanese GAAP
FYE Mar 2024	81.4	−11.9%	Cons. · Japanese GAAP
FYE Mar 2025	71.9	−11.7%	Cons. · Japanese GAAP
FYE Mar 2026	111	+54.6%	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 ¥3.7bn

CAGR · 10 yrs +2.4%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.7	−43.4%	Cons. · Japanese GAAP
FYE Mar 2019	1.9	+10.3%	Cons. · Japanese GAAP
FYE Mar 2020	3.4	+82.1%	Cons. · Japanese GAAP
FYE Mar 2021	3.9	+14.9%	Cons. · Japanese GAAP
FYE Mar 2022	2.6	−34.7%	Cons. · Japanese GAAP
FYE Mar 2023	-0.8	−131.0%	Cons. · Japanese GAAP
FYE Mar 2024	2.3	n/a	Cons. · Japanese GAAP
FYE Mar 2025	3.4	+49.8%	Cons. · Japanese GAAP
FYE Mar 2026	3.7	+9.2%	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 ¥43.3m

CAGR · 10 yrs +39.4%

Fiscal year	Extraordinary income ¥ m	YoY	Basis
FYE Mar 2017	2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.2	−45.9%	Cons. · Japanese GAAP
FYE Mar 2019	0.7	−43.2%	Cons. · Japanese GAAP
FYE Mar 2020	48.2	+7095.5%	Cons. · Japanese GAAP
FYE Mar 2021	11.2	−76.8%	Cons. · Japanese GAAP
FYE Mar 2022	434	+3787.7%	Cons. · Japanese GAAP
FYE Mar 2023	376	−13.5%	Cons. · Japanese GAAP
FYE Mar 2024	263	−30.1%	Cons. · Japanese GAAP
FYE Mar 2025	106	−59.7%	Cons. · Japanese GAAP
FYE Mar 2026	43.3	−59.1%	Cons. · Japanese GAAP

Definition: One-off gains, such as an asset sale
Formula: Extraordinary income line of the income statement
Source: Securities report (XBRL)

Extraordinary loss

FYE Mar 2026 ¥5.0m

CAGR · 9 yrs −42.0%

Fiscal year	Extraordinary loss ¥ m	YoY	Basis
FYE Mar 2017	389	n/a	Cons. · Japanese GAAP
FYE Mar 2018	126	−67.7%	Cons. · Japanese GAAP
FYE Mar 2019	368	+192.8%	Cons. · Japanese GAAP
FYE Mar 2020	78.5	−78.7%	Cons. · Japanese GAAP
FYE Mar 2021	21.9	−72.1%	Cons. · Japanese GAAP
FYE Mar 2022	56.8	+159.5%	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	25.6	n/a	Cons. · Japanese GAAP
FYE Mar 2025	15.2	−40.8%	Cons. · Japanese GAAP
FYE Mar 2026	5.0	−67.0%	Cons. · Japanese GAAP

Definition: One-off losses, such as an impairment or a restructuring charge
Formula: Extraordinary loss line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥2.6bn

CAGR · 10 yrs +4.6%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	1.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.7	−5.6%	Cons. · Japanese GAAP
FYE Mar 2019	1.0	−40.1%	Cons. · Japanese GAAP
FYE Mar 2020	2.3	+133.0%	Cons. · Japanese GAAP
FYE Mar 2021	3.0	+28.5%	Cons. · Japanese GAAP
FYE Mar 2022	2.0	−32.4%	Cons. · Japanese GAAP
FYE Mar 2023	-1.3	−165.7%	Cons. · Japanese GAAP
FYE Mar 2024	1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2025	2.5	+40.6%	Cons. · Japanese GAAP
FYE Mar 2026	2.6	+7.2%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 21.5%

Average · 10 yrs 27.4%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	36.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.9	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	36.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	37.5	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	24.4	−13.1pp	Cons. · Japanese GAAP
FYE Mar 2022	22.8	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	16.8	−6.0pp	Cons. · Japanese GAAP
FYE Mar 2024	20.4	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2025	21.4	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	21.5	+0.1pp	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 4.2%

Average · 10 yrs 2.8%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	3.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.8	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2019	2.0	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	3.7	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	5.1	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2022	3.3	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2023	-1.6	−4.9pp	Cons. · Japanese GAAP
FYE Mar 2024	2.5	+4.1pp	Cons. · Japanese GAAP
FYE Mar 2025	3.8	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2026	4.2	+0.4pp	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 4.9%

Average · 10 yrs 3.3%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	3.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.1	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2019	2.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	4.1	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	5.8	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2022	3.7	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2023	-1.1	−4.9pp	Cons. · Japanese GAAP
FYE Mar 2024	3.1	+4.2pp	Cons. · Japanese GAAP
FYE Mar 2025	4.6	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2026	4.9	+0.4pp	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 3.5%

Average · 10 yrs 2.3%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	1.2	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	2.8	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	4.4	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2022	2.9	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	-1.9	−4.8pp	Cons. · Japanese GAAP
FYE Mar 2024	2.4	+4.3pp	Cons. · Japanese GAAP
FYE Mar 2025	3.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	3.5	+0.2pp	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 78.5%

Average · 10 yrs 72.6%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	63.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	64.1	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	63.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	62.5	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	75.6	+13.1pp	Cons. · Japanese GAAP
FYE Mar 2022	77.2	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	83.2	+6.0pp	Cons. · Japanese GAAP
FYE Mar 2024	79.6	−3.6pp	Cons. · Japanese GAAP
FYE Mar 2025	78.6	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	78.5	−0.1pp	Cons. · Japanese GAAP

Definition: The share of revenue taken by the cost of sales
Formula: Cost of sales ÷ revenue
Source: Securities report (XBRL)

SG&A ratio

FYE Mar 2026 17.3%

Average · 10 yrs 24.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	33.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	34.1	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	34.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	33.8	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	19.3	−14.5pp	Cons. · Japanese GAAP
FYE Mar 2022	19.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	18.4	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	17.9	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	17.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	17.3	−0.3pp	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 ¥80bn

CAGR · 10 yrs +6.2%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	46.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	48.0	+2.6%	Cons. · Japanese GAAP
FYE Mar 2019	47.5	−1.2%	Cons. · Japanese GAAP
FYE Mar 2020	51.3	+8.1%	Cons. · Japanese GAAP
FYE Mar 2021	56.9	+11.0%	Cons. · Japanese GAAP
FYE Mar 2022	61.2	+7.5%	Cons. · Japanese GAAP
FYE Mar 2023	60.7	−0.9%	Cons. · Japanese GAAP
FYE Mar 2024	66.4	+9.4%	Cons. · Japanese GAAP
FYE Mar 2025	68.7	+3.6%	Cons. · Japanese GAAP
FYE Mar 2026	80.4	+17.0%	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 ¥50bn

CAGR · 10 yrs +7.9%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	25.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	26.7	+6.8%	Cons. · Japanese GAAP
FYE Mar 2019	27.1	+1.6%	Cons. · Japanese GAAP
FYE Mar 2020	28.5	+5.2%	Cons. · Japanese GAAP
FYE Mar 2021	32.4	+13.8%	Cons. · Japanese GAAP
FYE Mar 2022	34.9	+7.7%	Cons. · Japanese GAAP
FYE Mar 2023	34.0	−2.7%	Cons. · Japanese GAAP
FYE Mar 2024	39.3	+15.5%	Cons. · Japanese GAAP
FYE Mar 2025	41.4	+5.4%	Cons. · Japanese GAAP
FYE Mar 2026	49.7	+20.0%	Cons. · Japanese GAAP

Definition: The part of the funding that never has to be repaid
Formula: Net assets line of the balance sheet
Source: Securities report (XBRL)

Interest-bearing debt

FYE Mar 2026 ¥5.1bn

CAGR · 10 yrs +19.8%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.5	−50.0%	Cons. · Japanese GAAP
FYE Mar 2019	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2020	1.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	4.2	+247.0%	Cons. · Japanese GAAP
FYE Mar 2022	3.7	−11.6%	Cons. · Japanese GAAP
FYE Mar 2023	3.2	−13.1%	Cons. · Japanese GAAP
FYE Mar 2024	3.7	+16.2%	Cons. · Japanese GAAP
FYE Mar 2025	3.1	−15.2%	Cons. · Japanese GAAP
FYE Mar 2026	5.1	+61.0%	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 ¥810m

CAGR · 9 yrs +6.2%

Fiscal year	Short-term borrowings ¥ m	YoY	Basis
FYE Mar 2017	500	n/a	Cons. · Japanese GAAP
FYE Mar 2018	500	−0.0%	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2020	77.4	n/a	Cons. · Japanese GAAP
FYE Mar 2021	483	+523.3%	Cons. · Japanese GAAP
FYE Mar 2022	483	−0.0%	Cons. · Japanese GAAP
FYE Mar 2023	483	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	566	+17.3%	Cons. · Japanese GAAP
FYE Mar 2025	643	+13.6%	Cons. · Japanese GAAP
FYE Mar 2026	810	+25.9%	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 ¥4.3bn

CAGR · 8 yrs +35.8%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2020	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2021	3.7	+228.0%	Cons. · Japanese GAAP
FYE Mar 2022	3.2	−13.1%	Cons. · Japanese GAAP
FYE Mar 2023	2.7	−15.1%	Cons. · Japanese GAAP
FYE Mar 2024	3.1	+16.0%	Cons. · Japanese GAAP
FYE Mar 2025	2.5	−20.4%	Cons. · Japanese GAAP
FYE Mar 2026	4.3	+70.0%	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 ¥1.2bn

CAGR · 10 yrs +11.5%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.4	−8.2%	Cons. · Japanese GAAP
FYE Mar 2019	0.4	−7.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.4	+4.6%	Cons. · Japanese GAAP
FYE Mar 2021	0.5	+17.5%	Cons. · Japanese GAAP
FYE Mar 2022	0.4	−10.5%	Cons. · Japanese GAAP
FYE Mar 2023	0.4	−1.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.4	−8.3%	Cons. · Japanese GAAP
FYE Mar 2025	0.5	+33.9%	Cons. · Japanese GAAP
FYE Mar 2026	1.2	+135.2%	Cons. · Japanese GAAP

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

Equity ratio

FYE Mar 2026 61.8%

Average · 10 yrs 57.3%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	53.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	55.5	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2019	57.1	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	55.6	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2021	57.0	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2022	57.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	56.1	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	59.2	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2025	60.2	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	61.8	+1.6pp	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 10.2%

Average · 10 yrs 7.0%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	4.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.9	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2019	0.0	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	4.2	+4.2pp	Cons. · Japanese GAAP
FYE Mar 2021	12.8	+8.6pp	Cons. · Japanese GAAP
FYE Mar 2022	10.5	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2023	9.4	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	9.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	7.6	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2026	10.2	+2.6pp	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 5.3%

Average · 10 yrs 5.2%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.2	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	3.7	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2020	8.1	+4.5pp	Cons. · Japanese GAAP
FYE Mar 2021	9.2	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	5.8	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2023	-3.9	−9.6pp	Cons. · Japanese GAAP
FYE Mar 2024	4.5	+8.3pp	Cons. · Japanese GAAP
FYE Mar 2025	5.9	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2026	5.3	−0.6pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 3.3%

Average · 10 yrs 3.0%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	3.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.5	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	2.1	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	4.5	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2021	5.2	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	3.3	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2023	-2.2	−5.5pp	Cons. · Japanese GAAP
FYE Mar 2024	2.6	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2025	3.6	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	3.3	−0.3pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.93×

CAGR · 10 yrs −6.4%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.69	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.66	−1.8%	Cons. · Japanese GAAP
FYE Mar 2019	1.68	+1.3%	Cons. · Japanese GAAP
FYE Mar 2020	1.62	−4.1%	Cons. · Japanese GAAP
FYE Mar 2021	1.18	−26.8%	Cons. · Japanese GAAP
FYE Mar 2022	1.12	−5.5%	Cons. · Japanese GAAP
FYE Mar 2023	1.16	+3.9%	Cons. · Japanese GAAP
FYE Mar 2024	1.11	−4.6%	Cons. · Japanese GAAP
FYE Mar 2025	1.09	−1.9%	Cons. · Japanese GAAP
FYE Mar 2026	0.93	−14.0%	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 ¥4.8bn

CAGR · 10 yrs +12.0%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.9	+10.4%	Cons. · Japanese GAAP
FYE Mar 2019	2.6	+37.1%	Cons. · Japanese GAAP
FYE Mar 2020	2.5	−5.0%	Cons. · Japanese GAAP
FYE Mar 2021	3.5	+41.9%	Cons. · Japanese GAAP
FYE Mar 2022	3.9	+10.3%	Cons. · Japanese GAAP
FYE Mar 2023	-0.1	−101.4%	Cons. · Japanese GAAP
FYE Mar 2024	0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2025	2.5	+173.0%	Cons. · Japanese GAAP
FYE Mar 2026	4.8	+94.5%	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 -¥3.6bn

Average · 10 yrs -¥2.0bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-2.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-5.5	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-1.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-0.6	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-3.6	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 ¥1.3bn

Average · 10 yrs -¥0.2bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-1.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	0.8	n/a	Cons. · Japanese GAAP
FYE Mar 2021	2.4	+196.5%	Cons. · Japanese GAAP
FYE Mar 2022	-1.0	−141.1%	Cons. · Japanese GAAP
FYE Mar 2023	-1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-1.1	−4606.6%	Cons. · Japanese GAAP
FYE Mar 2026	1.3	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 ¥4.0bn

CAGR · 10 yrs +16.0%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.1	+7.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.8	−28.9%	Cons. · Japanese GAAP
FYE Mar 2020	2.1	+160.1%	Cons. · Japanese GAAP
FYE Mar 2021	2.6	+21.3%	Cons. · Japanese GAAP
FYE Mar 2022	3.5	+38.1%	Cons. · Japanese GAAP
FYE Mar 2023	0.5	−86.9%	Cons. · Japanese GAAP
FYE Mar 2024	0.8	+71.8%	Cons. · Japanese GAAP
FYE Mar 2025	1.5	+86.3%	Cons. · Japanese GAAP
FYE Mar 2026	4.0	+170.5%	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 ¥1.2bn

CAGR · 10 yrs +4.6%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	0.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	+20.5%	Cons. · Japanese GAAP
FYE Mar 2019	0.6	−44.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.5	−13.0%	Cons. · Japanese GAAP
FYE Mar 2021	-2.0	−508.8%	Cons. · Japanese GAAP
FYE Mar 2022	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-2.1	−205.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2025	1.8	+480.2%	Cons. · Japanese GAAP
FYE Mar 2026	1.2	−31.0%	Cons. · Japanese GAAP

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

Operating cash flow margin

FYE Mar 2026 6.4%

Average · 10 yrs 3.3%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	3.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	3.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	5.2	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2022	5.7	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	-0.1	−5.8pp	Cons. · Japanese GAAP
FYE Mar 2024	1.2	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2025	3.3	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2026	6.4	+3.1pp	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 -¥1.1bn

Average · 10 yrs -¥0.8bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.6	+989.1%	Cons. · Japanese GAAP
FYE Mar 2019	0.8	+26.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.9	+12.1%	Cons. · Japanese GAAP
FYE Mar 2021	-1.6	−276.7%	Cons. · Japanese GAAP
FYE Mar 2022	-0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-2.7	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-2.9	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-1.1	n/a	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 ¥36bn

Change · 9 yrs +¥7.3bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	28.5	n/a
FYE Mar 2018	27.5	n/a
FYE Mar 2019	27.3	n/a
FYE Mar 2020	28.5	n/a
FYE Mar 2021	32.7	n/a
FYE Mar 2022	32.2	n/a
FYE Mar 2023	n/a	n/a
FYE Mar 2024	34.0	n/a
FYE Mar 2025	33.5	n/a
FYE Mar 2026	35.9	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 3,474¥

Change · 9 yrs +2,092¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,382	n/a
FYE Mar 2018	1,331	n/a
FYE Mar 2019	2,641	n/a
FYE Mar 2020	2,757	n/a
FYE Mar 2021	3,162	n/a
FYE Mar 2022	3,119	n/a
FYE Mar 2023	n/a	n/a
FYE Mar 2024	3,291	n/a
FYE Mar 2025	3,241	n/a
FYE Mar 2026	3,474	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 10,325,000shares

Change · 10 yrs −10,325,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	20,650,000	Parent
FYE Mar 2018	20,650,000	Parent
FYE Mar 2019	10,325,000	Parent
FYE Mar 2020	10,325,000	Parent
FYE Mar 2021	10,325,000	Parent
FYE Mar 2022	10,325,000	Parent
FYE Mar 2023	10,325,000	Parent
FYE Mar 2024	10,325,000	Parent
FYE Mar 2025	10,325,000	Parent
FYE Mar 2026	10,325,000	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 280.19¥

Change · 10 yrs +186.78¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	93.41	Cons.
FYE Mar 2018	176.30	Cons.
FYE Mar 2019	105.62	Cons.
FYE Mar 2020	246.14	Cons.
FYE Mar 2021	316.24	Cons.
FYE Mar 2022	213.64	Cons.
FYE Mar 2023	-140.27	Cons.
FYE Mar 2024	185.96	Cons.
FYE Mar 2025	261.38	Cons.
FYE Mar 2026	280.19	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 4,810.12¥

Change · 10 yrs +3,600.96¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,209.16	Cons. · Japanese GAAP
FYE Mar 2018	1,291.84	Cons. · Japanese GAAP
FYE Mar 2019	2,626.31	Cons. · Japanese GAAP
FYE Mar 2020	2,761.58	Cons. · Japanese GAAP
FYE Mar 2021	3,141.46	Cons. · Japanese GAAP
FYE Mar 2022	3,383.13	Cons. · Japanese GAAP
FYE Mar 2023	3,292.90	Cons. · Japanese GAAP
FYE Mar 2024	3,802.29	Cons. · Japanese GAAP
FYE Mar 2025	4,008.31	Cons. · Japanese GAAP
FYE Mar 2026	4,810.12	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 12.40×

Average · 9 yrs 14.80×

Fiscal year	PER ×	Basis
FYE Mar 2017	14.80	Cons.
FYE Mar 2018	15.10	Cons.
FYE Mar 2019	25.00	Cons.
FYE Mar 2020	11.20	Cons.
FYE Mar 2021	10.00	Cons.
FYE Mar 2022	14.60	Cons.
FYE Mar 2023	n/a	Cons.
FYE Mar 2024	17.70	Cons.
FYE Mar 2025	12.40	Cons.
FYE Mar 2026	12.40	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 0.66×

Average · 9 yrs 0.86×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.04	Cons.
FYE Mar 2018	0.94	Cons.
FYE Mar 2019	0.92	Cons.
FYE Mar 2020	0.91	Cons.
FYE Mar 2021	0.92	Cons.
FYE Mar 2022	0.84	Cons.
FYE Mar 2023	n/a	Cons.
FYE Mar 2024	0.79	Cons.
FYE Mar 2025	0.74	Cons.
FYE Mar 2026	0.66	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 667people

Change · 10 yrs −40 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	707	n/a	Cons.
FYE Mar 2018	718	+1.6%	Cons.
FYE Mar 2019	703	−2.1%	Cons.
FYE Mar 2020	710	+1.0%	Cons.
FYE Mar 2021	736	+3.7%	Cons.
FYE Mar 2022	714	−3.0%	Cons.
FYE Mar 2023	692	−3.1%	Cons.
FYE Mar 2024	694	+0.3%	Cons.
FYE Mar 2025	677	−2.4%	Cons.
FYE Mar 2026	667	−1.5%	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 654people

Change · 10 yrs +90 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	564	n/a	Parent
FYE Mar 2018	677	+20.0%	Parent
FYE Mar 2019	670	−1.0%	Parent
FYE Mar 2020	673	+0.4%	Parent
FYE Mar 2021	721	+7.1%	Parent
FYE Mar 2022	698	−3.2%	Parent
FYE Mar 2023	675	−3.3%	Parent
FYE Mar 2024	678	+0.4%	Parent
FYE Mar 2025	663	−2.2%	Parent
FYE Mar 2026	654	−1.4%	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 507万円

Change · 8 yrs +33万円

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	474	n/a	Parent
FYE Mar 2020	467	−1.5%	Parent
FYE Mar 2021	485	+3.7%	Parent
FYE Mar 2022	483	−0.3%	Parent
FYE Mar 2023	473	−2.1%	Parent
FYE Mar 2024	487	+3.0%	Parent
FYE Mar 2025	501	+3.0%	Parent
FYE Mar 2026	507	+1.1%	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 40.0years

Change · 8 yrs −1.4 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	41.3	n/a	Parent
FYE Mar 2020	40.0	−3.3%	Parent
FYE Mar 2021	39.8	−0.4%	Parent
FYE Mar 2022	40.3	+1.2%	Parent
FYE Mar 2023	40.5	+0.7%	Parent
FYE Mar 2024	40.1	−0.9%	Parent
FYE Mar 2025	39.6	−1.3%	Parent
FYE Mar 2026	40.0	+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 15.0years

Change · 8 yrs −1.8 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	16.7	n/a	Parent
FYE Mar 2020	16.0	−4.3%	Parent
FYE Mar 2021	15.6	−2.4%	Parent
FYE Mar 2022	15.9	+1.8%	Parent
FYE Mar 2023	15.0	−5.8%	Parent
FYE Mar 2024	15.5	+3.6%	Parent
FYE Mar 2025	14.9	−4.2%	Parent
FYE Mar 2026	15.0	+0.7%	Parent

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

Temporary employees

FYE Mar 2026 63people

Change · 10 yrs −85 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	148	n/a	n/a
FYE Mar 2018	128	−13.5%	n/a
FYE Mar 2019	131	+2.3%	n/a
FYE Mar 2020	124	−5.3%	n/a
FYE Mar 2021	118	−4.8%	n/a
FYE Mar 2022	109	−7.6%	n/a
FYE Mar 2023	84	−22.9%	n/a
FYE Mar 2024	77	−8.3%	n/a
FYE Mar 2025	73	−5.2%	n/a
FYE Mar 2026	63	−13.7%	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 ¥113m

Change · 10 yrs +¥0.4m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	112	n/a	Cons.
FYE Mar 2018	111	−0.8%	Cons.
FYE Mar 2019	114	+2.2%	Cons.
FYE Mar 2020	117	+2.6%	Cons.
FYE Mar 2021	91.5	−21.6%	Cons.
FYE Mar 2022	95.9	+4.8%	Cons.
FYE Mar 2023	102	+6.2%	Cons.
FYE Mar 2024	106	+4.0%	Cons.
FYE Mar 2025	110	+4.1%	Cons.
FYE Mar 2026	113	+2.1%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥4.7m

Change · 10 yrs +¥0.7m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	4.0	n/a	Cons.
FYE Mar 2018	2.0	−51.4%	Cons.
FYE Mar 2019	2.2	+13.3%	Cons.
FYE Mar 2020	4.3	+94.8%	Cons.
FYE Mar 2021	4.6	+7.3%	Cons.
FYE Mar 2022	3.2	−31.5%	Cons.
FYE Mar 2023	-1.6	−151.6%	Cons.
FYE Mar 2024	2.6	n/a	Cons.
FYE Mar 2025	4.2	+59.2%	Cons.
FYE Mar 2026	4.7	+12.1%	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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