Financials

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

FYE Mar 2026 · Revenue¥716bnYoY +2.0%

FYE Mar 2026 · Operating profit¥39bnYoY +1.8%

FYE Mar 2026 · Net profit¥27bnYoY +10.5%

FYE Mar 2026 · Equity ratio51.4%YoY −0.7pp

FYE Mar 2026 · Group employees17,763YoY +1,137

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥540bn	n/a	¥29bn	n/a	5.4%	¥19bn	Otani Kunio	—
FYE Mar 2018Consolidated	¥568bn	+5.3%	¥30bn	+2.0%	5.3%	¥19bn	Otani Kunio	—
FYE Mar 2019Consolidated	¥580bn	+2.1%	¥30bn	−1.3%	5.1%	¥20bn	Otani Kunio	—
FYE Mar 2020Consolidated	¥585bn	+0.8%	¥31bn	+5.2%	5.3%	¥20bn	Otani Kunio	Global Innovation Centre opened for the bioscience business
FYE Mar 2021Consolidated	¥573bn	−2.1%	¥33bn	+6.2%	5.8%	¥21bn	Ogushi Kenya	—
FYE Mar 2022Consolidated	¥603bn	+5.2%	¥31bn	−4.7%	5.2%	¥23bn	Ogushi Kenya	Medium-term management plan for the years to March 2024 begins
FYE Mar 2023Consolidated	¥662bn	+9.9%	¥33bn	+4.9%	5.0%	¥22bn	Ogushi Kenya	Moves from the TSE First Section to the Prime Market
FYE Mar 2024Consolidated	¥680bn	+2.7%	¥37bn	+12.1%	5.4%	¥24bn	Ogushi Kenya	New frozen cooked-rice plant opened in Fukuoka prefecture
FYE Mar 2025Consolidated	¥702bn	+3.2%	¥38bn	+3.8%	5.5%	¥25bn	Ogushi Kenya	—
FYE Mar 2026Consolidated	¥716bn	+2.0%	¥39bn	+1.8%	5.4%	¥27bn	Shimamoto Kazunori	Two-for-one share split; <em>Compass×Growth 2027</em> announced

How it compares

Nichirei¥716bnFY2025Operating margin 5.4%

Fujicco¥56bnFY2025Operating margin 2.6%

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 ¥716bn

CAGR · 10 yrs +3.2%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	540	n/a	Cons. · Japanese GAAP
FYE Mar 2018	568	+5.3%	Cons. · Japanese GAAP
FYE Mar 2019	580	+2.1%	Cons. · Japanese GAAP
FYE Mar 2020	585	+0.8%	Cons. · Japanese GAAP
FYE Mar 2021	573	−2.1%	Cons. · Japanese GAAP
FYE Mar 2022	603	+5.2%	Cons. · Japanese GAAP
FYE Mar 2023	662	+9.9%	Cons. · Japanese GAAP
FYE Mar 2024	680	+2.7%	Cons. · Japanese GAAP
FYE Mar 2025	702	+3.2%	Cons. · Japanese GAAP
FYE Mar 2026	716	+2.0%	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 ¥587bn

CAGR · 10 yrs +3.0%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	449	n/a	Cons. · Japanese GAAP
FYE Mar 2018	475	+5.9%	Cons. · Japanese GAAP
FYE Mar 2019	487	+2.5%	Cons. · Japanese GAAP
FYE Mar 2020	486	−0.2%	Cons. · Japanese GAAP
FYE Mar 2021	474	−2.4%	Cons. · Japanese GAAP
FYE Mar 2022	500	+5.6%	Cons. · Japanese GAAP
FYE Mar 2023	553	+10.6%	Cons. · Japanese GAAP
FYE Mar 2024	560	+1.2%	Cons. · Japanese GAAP
FYE Mar 2025	576	+2.8%	Cons. · Japanese GAAP
FYE Mar 2026	587	+1.9%	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 ¥129bn

CAGR · 10 yrs +4.0%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	91.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	92.8	+1.9%	Cons. · Japanese GAAP
FYE Mar 2019	93.2	+0.4%	Cons. · Japanese GAAP
FYE Mar 2020	99.1	+6.3%	Cons. · Japanese GAAP
FYE Mar 2021	98.8	−0.3%	Cons. · Japanese GAAP
FYE Mar 2022	102	+3.5%	Cons. · Japanese GAAP
FYE Mar 2023	109	+6.5%	Cons. · Japanese GAAP
FYE Mar 2024	120	+10.4%	Cons. · Japanese GAAP
FYE Mar 2025	126	+5.1%	Cons. · Japanese GAAP
FYE Mar 2026	129	+2.4%	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 ¥90bn

CAGR · 10 yrs +4.3%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	61.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	62.9	+1.8%	Cons. · Japanese GAAP
FYE Mar 2019	63.7	+1.2%	Cons. · Japanese GAAP
FYE Mar 2020	68.0	+6.8%	Cons. · Japanese GAAP
FYE Mar 2021	65.9	−3.2%	Cons. · Japanese GAAP
FYE Mar 2022	70.8	+7.6%	Cons. · Japanese GAAP
FYE Mar 2023	75.9	+7.2%	Cons. · Japanese GAAP
FYE Mar 2024	83.2	+9.6%	Cons. · Japanese GAAP
FYE Mar 2025	87.9	+5.6%	Cons. · Japanese GAAP
FYE Mar 2026	90.2	+2.6%	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 ¥39bn

CAGR · 10 yrs +3.2%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	29.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.9	+2.0%	Cons. · Japanese GAAP
FYE Mar 2019	29.5	−1.3%	Cons. · Japanese GAAP
FYE Mar 2020	31.0	+5.2%	Cons. · Japanese GAAP
FYE Mar 2021	32.9	+6.2%	Cons. · Japanese GAAP
FYE Mar 2022	31.4	−4.7%	Cons. · Japanese GAAP
FYE Mar 2023	32.9	+4.9%	Cons. · Japanese GAAP
FYE Mar 2024	36.9	+12.1%	Cons. · Japanese GAAP
FYE Mar 2025	38.3	+3.8%	Cons. · Japanese GAAP
FYE Mar 2026	39.0	+1.8%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥3.3bn

CAGR · 10 yrs +9.5%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.1	+46.7%	Cons. · Japanese GAAP
FYE Mar 2019	1.8	−16.6%	Cons. · Japanese GAAP
FYE Mar 2020	1.9	+7.9%	Cons. · Japanese GAAP
FYE Mar 2021	1.8	−4.9%	Cons. · Japanese GAAP
FYE Mar 2022	1.4	−19.7%	Cons. · Japanese GAAP
FYE Mar 2023	2.0	+38.7%	Cons. · Japanese GAAP
FYE Mar 2024	2.8	+37.5%	Cons. · Japanese GAAP
FYE Mar 2025	3.1	+14.1%	Cons. · Japanese GAAP
FYE Mar 2026	3.3	+3.5%	Cons. · Japanese GAAP

Definition: Income from outside the core business
Formula: Non-operating income line of the income statement
Source: Securities report (XBRL)

Non-operating expenses

FYE Mar 2026 ¥2.1bn

CAGR · 10 yrs +2.8%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.4	−17.5%	Cons. · Japanese GAAP
FYE Mar 2019	1.4	+3.6%	Cons. · Japanese GAAP
FYE Mar 2020	1.2	−17.8%	Cons. · Japanese GAAP
FYE Mar 2021	1.2	+5.7%	Cons. · Japanese GAAP
FYE Mar 2022	1.2	−2.3%	Cons. · Japanese GAAP
FYE Mar 2023	1.5	+25.5%	Cons. · Japanese GAAP
FYE Mar 2024	1.4	−5.4%	Cons. · Japanese GAAP
FYE Mar 2025	1.6	+12.1%	Cons. · Japanese GAAP
FYE Mar 2026	2.1	+33.1%	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 ¥40bn

CAGR · 10 yrs +3.6%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	29.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.7	+5.3%	Cons. · Japanese GAAP
FYE Mar 2019	29.9	−2.6%	Cons. · Japanese GAAP
FYE Mar 2020	31.8	+6.4%	Cons. · Japanese GAAP
FYE Mar 2021	33.5	+5.5%	Cons. · Japanese GAAP
FYE Mar 2022	31.7	−5.6%	Cons. · Japanese GAAP
FYE Mar 2023	33.4	+5.6%	Cons. · Japanese GAAP
FYE Mar 2024	38.3	+14.4%	Cons. · Japanese GAAP
FYE Mar 2025	39.9	+4.2%	Cons. · Japanese GAAP
FYE Mar 2026	40.1	+0.7%	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 ¥5.3bn

CAGR · 10 yrs +30.9%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.1	−78.2%	Cons. · Japanese GAAP
FYE Mar 2019	1.1	+963.7%	Cons. · Japanese GAAP
FYE Mar 2020	0.5	−53.5%	Cons. · Japanese GAAP
FYE Mar 2021	0.9	+72.3%	Cons. · Japanese GAAP
FYE Mar 2022	5.2	+496.3%	Cons. · Japanese GAAP
FYE Mar 2023	1.7	−68.1%	Cons. · Japanese GAAP
FYE Mar 2024	1.4	−13.2%	Cons. · Japanese GAAP
FYE Mar 2025	0.6	−55.8%	Cons. · Japanese GAAP
FYE Mar 2026	5.3	+734.9%	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 ¥27bn

CAGR · 10 yrs +4.3%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	18.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.1	+1.8%	Cons. · Japanese GAAP
FYE Mar 2019	19.9	+4.4%	Cons. · Japanese GAAP
FYE Mar 2020	19.6	−1.7%	Cons. · Japanese GAAP
FYE Mar 2021	21.2	+8.2%	Cons. · Japanese GAAP
FYE Mar 2022	23.4	+10.2%	Cons. · Japanese GAAP
FYE Mar 2023	21.6	−7.8%	Cons. · Japanese GAAP
FYE Mar 2024	24.5	+13.6%	Cons. · Japanese GAAP
FYE Mar 2025	24.7	+1.0%	Cons. · Japanese GAAP
FYE Mar 2026	27.3	+10.5%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 18.0%

Average · 10 yrs 17.1%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	16.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.3	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	16.1	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	16.9	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	17.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	17.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	16.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	17.7	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	18.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	18.0	+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 5.4%

Average · 10 yrs 5.3%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	5.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.3	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	5.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	5.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	5.8	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	5.2	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	5.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	5.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	5.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	5.4	−0.0pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Mar 2026 5.6%

Average · 10 yrs 5.4%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	5.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	5.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	5.4	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	5.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	5.3	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	5.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	5.6	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	5.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	5.6	−0.1pp	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 3.8%

Average · 10 yrs 3.5%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	3.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	3.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	3.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	3.7	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	3.9	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	3.3	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	3.6	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	3.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	3.8	+0.3pp	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 82.0%

Average · 10 yrs 82.9%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	83.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	83.7	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	83.9	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	83.1	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	82.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	83.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	83.6	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	82.3	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	82.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	82.0	−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 12.6%

Average · 10 yrs 11.7%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	11.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.1	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	11.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	11.6	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	11.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	11.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	11.5	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	12.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	12.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	12.6	+0.1pp	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 ¥557bn

CAGR · 10 yrs +5.4%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	346	n/a	Cons. · Japanese GAAP
FYE Mar 2018	367	+6.1%	Cons. · Japanese GAAP
FYE Mar 2019	377	+2.7%	Cons. · Japanese GAAP
FYE Mar 2020	390	+3.4%	Cons. · Japanese GAAP
FYE Mar 2021	406	+4.0%	Cons. · Japanese GAAP
FYE Mar 2022	428	+5.4%	Cons. · Japanese GAAP
FYE Mar 2023	457	+7.0%	Cons. · Japanese GAAP
FYE Mar 2024	485	+6.1%	Cons. · Japanese GAAP
FYE Mar 2025	499	+2.9%	Cons. · Japanese GAAP
FYE Mar 2026	557	+11.6%	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 ¥286bn

CAGR · 10 yrs +6.7%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	159	n/a	Cons. · Japanese GAAP
FYE Mar 2018	163	+2.3%	Cons. · Japanese GAAP
FYE Mar 2019	177	+8.7%	Cons. · Japanese GAAP
FYE Mar 2020	185	+4.3%	Cons. · Japanese GAAP
FYE Mar 2021	203	+10.2%	Cons. · Japanese GAAP
FYE Mar 2022	211	+3.9%	Cons. · Japanese GAAP
FYE Mar 2023	224	+6.3%	Cons. · Japanese GAAP
FYE Mar 2024	253	+12.9%	Cons. · Japanese GAAP
FYE Mar 2025	260	+2.6%	Cons. · Japanese GAAP
FYE Mar 2026	286	+10.1%	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 ¥59bn

CAGR · 10 yrs +10.7%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	23.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	32.8	+39.4%	Cons. · Japanese GAAP
FYE Mar 2019	31.7	−3.4%	Cons. · Japanese GAAP
FYE Mar 2020	37.7	+18.9%	Cons. · Japanese GAAP
FYE Mar 2021	36.0	−4.7%	Cons. · Japanese GAAP
FYE Mar 2022	33.4	−7.2%	Cons. · Japanese GAAP
FYE Mar 2023	51.8	+55.2%	Cons. · Japanese GAAP
FYE Mar 2024	31.2	−39.7%	Cons. · Japanese GAAP
FYE Mar 2025	40.0	+28.1%	Cons. · Japanese GAAP
FYE Mar 2026	58.9	+47.3%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Mar 2026 ¥21bn

CAGR · 10 yrs +2.4%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	17.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.8	+63.2%	Cons. · Japanese GAAP
FYE Mar 2019	18.1	−34.9%	Cons. · Japanese GAAP
FYE Mar 2020	20.9	+15.1%	Cons. · Japanese GAAP
FYE Mar 2021	25.3	+21.4%	Cons. · Japanese GAAP
FYE Mar 2022	33.7	+33.0%	Cons. · Japanese GAAP
FYE Mar 2023	28.7	−14.9%	Cons. · Japanese GAAP
FYE Mar 2024	22.9	−20.0%	Cons. · Japanese GAAP
FYE Mar 2025	32.6	+42.4%	Cons. · Japanese GAAP
FYE Mar 2026	21.1	−35.3%	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 ¥38bn

CAGR · 10 yrs +6.7%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	21.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	26.6	+25.8%	Cons. · Japanese GAAP
FYE Mar 2019	24.4	−8.3%	Cons. · Japanese GAAP
FYE Mar 2020	33.4	+37.1%	Cons. · Japanese GAAP
FYE Mar 2021	29.0	−13.2%	Cons. · Japanese GAAP
FYE Mar 2022	19.9	−31.5%	Cons. · Japanese GAAP
FYE Mar 2023	34.9	+75.4%	Cons. · Japanese GAAP
FYE Mar 2024	24.5	−29.6%	Cons. · Japanese GAAP
FYE Mar 2025	33.7	+37.2%	Cons. · Japanese GAAP
FYE Mar 2026	37.8	+12.4%	Cons. · Japanese GAAP

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

CAGR · 9 yrs −0.0%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	40.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	40.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2019	40.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	40.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2021	40.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2022	40.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2023	40.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	40.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2025	40.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

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

Intangible assets

FYE Mar 2026 ¥20bn

CAGR · 10 yrs +12.8%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	6.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.1	+20.7%	Cons. · Japanese GAAP
FYE Mar 2019	9.6	+18.7%	Cons. · Japanese GAAP
FYE Mar 2020	9.2	−4.4%	Cons. · Japanese GAAP
FYE Mar 2021	8.4	−8.3%	Cons. · Japanese GAAP
FYE Mar 2022	14.8	+76.1%	Cons. · Japanese GAAP
FYE Mar 2023	14.3	−3.1%	Cons. · Japanese GAAP
FYE Mar 2024	15.8	+10.2%	Cons. · Japanese GAAP
FYE Mar 2025	16.3	+3.2%	Cons. · Japanese GAAP
FYE Mar 2026	19.7	+21.1%	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 ¥11bn

CAGR · 10 yrs +17.7%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	2.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.3	−5.5%	Cons. · Japanese GAAP
FYE Mar 2019	3.3	+41.0%	Cons. · Japanese GAAP
FYE Mar 2020	2.8	−15.4%	Cons. · Japanese GAAP
FYE Mar 2021	1.5	−45.8%	Cons. · Japanese GAAP
FYE Mar 2022	6.7	+348.8%	Cons. · Japanese GAAP
FYE Mar 2023	6.7	−0.2%	Cons. · Japanese GAAP
FYE Mar 2024	6.9	+3.3%	Cons. · Japanese GAAP
FYE Mar 2025	7.4	+6.5%	Cons. · Japanese GAAP
FYE Mar 2026	10.6	+43.6%	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 51.4%

Average · 10 yrs 48.9%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	46.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	44.3	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2019	46.9	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2020	47.3	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	50.1	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2022	49.4	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	49.1	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	52.2	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2025	52.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	51.4	−0.7pp	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 20.6%

Average · 10 yrs 17.8%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	14.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.2	+5.4pp	Cons. · Japanese GAAP
FYE Mar 2019	17.9	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2020	20.4	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2021	17.7	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2022	15.8	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2023	23.1	+7.3pp	Cons. · Japanese GAAP
FYE Mar 2024	12.3	−10.7pp	Cons. · Japanese GAAP
FYE Mar 2025	15.4	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2026	20.6	+5.2pp	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 9.5%

Average · 10 yrs 10.5%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	11.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	11.3	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	10.6	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	10.4	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	11.1	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	9.6	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2024	9.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	9.5	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	9.5	−0.0pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 4.9%

Average · 10 yrs 5.1%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	5.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.2	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	5.3	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	5.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	5.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	5.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	4.7	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	5.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	5.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	4.9	−0.0pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 1.29×

CAGR · 10 yrs −2.1%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.56	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.55	−0.8%	Cons. · Japanese GAAP
FYE Mar 2019	1.54	−0.6%	Cons. · Japanese GAAP
FYE Mar 2020	1.50	−2.5%	Cons. · Japanese GAAP
FYE Mar 2021	1.41	−5.9%	Cons. · Japanese GAAP
FYE Mar 2022	1.41	−0.2%	Cons. · Japanese GAAP
FYE Mar 2023	1.45	+2.7%	Cons. · Japanese GAAP
FYE Mar 2024	1.40	−3.2%	Cons. · Japanese GAAP
FYE Mar 2025	1.41	+0.3%	Cons. · Japanese GAAP
FYE Mar 2026	1.29	−8.6%	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 ¥49bn

CAGR · 10 yrs +2.0%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	40.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.9	−26.9%	Cons. · Japanese GAAP
FYE Mar 2019	31.3	+4.9%	Cons. · Japanese GAAP
FYE Mar 2020	39.4	+26.0%	Cons. · Japanese GAAP
FYE Mar 2021	45.5	+15.2%	Cons. · Japanese GAAP
FYE Mar 2022	34.7	−23.7%	Cons. · Japanese GAAP
FYE Mar 2023	37.9	+9.2%	Cons. · Japanese GAAP
FYE Mar 2024	62.4	+64.9%	Cons. · Japanese GAAP
FYE Mar 2025	53.2	−14.8%	Cons. · Japanese GAAP
FYE Mar 2026	48.7	−8.4%	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 -¥33bn

Average · 10 yrs -¥26bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-11.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-20.3	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-17.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-24.3	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-32.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-26.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-26.8	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-31.6	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-32.4	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-33.1	n/a	Cons. · Japanese GAAP

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

Financing cash flow

FYE Mar 2026 -¥3.2bn

Average · 10 yrs -¥14bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-21.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-13.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-9.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-10.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-10.7	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-14.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-8.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-31.3	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-16.8	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-3.2	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 ¥52bn

CAGR · 10 yrs +10.8%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	20.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.1	−16.8%	Cons. · Japanese GAAP
FYE Mar 2019	20.7	+21.0%	Cons. · Japanese GAAP
FYE Mar 2020	25.4	+23.1%	Cons. · Japanese GAAP
FYE Mar 2021	28.0	+10.1%	Cons. · Japanese GAAP
FYE Mar 2022	23.3	−16.7%	Cons. · Japanese GAAP
FYE Mar 2023	27.8	+19.0%	Cons. · Japanese GAAP
FYE Mar 2024	29.7	+7.1%	Cons. · Japanese GAAP
FYE Mar 2025	35.9	+20.9%	Cons. · Japanese GAAP
FYE Mar 2026	51.5	+43.4%	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 ¥16bn

CAGR · 10 yrs −6.7%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	29.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.6	−67.4%	Cons. · Japanese GAAP
FYE Mar 2019	13.4	+39.7%	Cons. · Japanese GAAP
FYE Mar 2020	15.1	+13.1%	Cons. · Japanese GAAP
FYE Mar 2021	13.2	−12.6%	Cons. · Japanese GAAP
FYE Mar 2022	8.6	−34.7%	Cons. · Japanese GAAP
FYE Mar 2023	11.0	+27.5%	Cons. · Japanese GAAP
FYE Mar 2024	30.9	+179.9%	Cons. · Japanese GAAP
FYE Mar 2025	20.8	−32.6%	Cons. · Japanese GAAP
FYE Mar 2026	15.7	−24.5%	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 6.8%

Average · 10 yrs 6.8%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	7.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.3	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2019	5.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	6.7	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	7.9	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2022	5.8	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2023	5.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	9.2	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2025	7.6	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2026	6.8	−0.8pp	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 -¥7.4bn

Average · 10 yrs -¥9.7bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-15.8	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-11.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-12.3	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-7.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-10.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-24.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-4.1	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-7.4	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 ¥507bn

Change · 10 yrs +¥100bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	408	n/a
FYE Mar 2018	412	n/a
FYE Mar 2019	381	n/a
FYE Mar 2020	428	n/a
FYE Mar 2021	399	n/a
FYE Mar 2022	317	n/a
FYE Mar 2023	361	n/a
FYE Mar 2024	555	n/a
FYE Mar 2025	458	n/a
FYE Mar 2026	507	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 1,974¥

Change · 10 yrs −782¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	2,756	n/a
FYE Mar 2018	2,944	n/a
FYE Mar 2019	2,724	n/a
FYE Mar 2020	3,061	n/a
FYE Mar 2021	2,849	n/a
FYE Mar 2022	2,368	n/a
FYE Mar 2023	2,691	n/a
FYE Mar 2024	4,143	n/a
FYE Mar 2025	3,563	n/a
FYE Mar 2026	1,974	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 256,984,963shares

Change · 10 yrs +109,059,431 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	147,925,532	Parent
FYE Mar 2018	139,925,532	Parent
FYE Mar 2019	139,925,532	Parent
FYE Mar 2020	139,965,587	Parent
FYE Mar 2021	140,003,877	Parent
FYE Mar 2022	134,007,795	Parent
FYE Mar 2023	134,042,599	Parent
FYE Mar 2024	134,075,652	Parent
FYE Mar 2025	128,464,869	Parent
FYE Mar 2026	256,984,963	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 109.07¥

Change · 10 yrs −26.04¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	135.11	Cons.
FYE Mar 2018	142.23	Cons.
FYE Mar 2019	149.65	Cons.
FYE Mar 2020	147.16	Cons.
FYE Mar 2021	79.59	Cons.
FYE Mar 2022	88.36	Cons.
FYE Mar 2023	83.57	Cons.
FYE Mar 2024	95.90	Cons.
FYE Mar 2025	97.35	Cons.
FYE Mar 2026	109.07	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 1,114.25¥

Change · 10 yrs +38.43¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,075.82	Cons. · Japanese GAAP
FYE Mar 2018	1,162.97	Cons. · Japanese GAAP
FYE Mar 2019	1,263.67	Cons. · Japanese GAAP
FYE Mar 2020	1,318.21	Cons. · Japanese GAAP
FYE Mar 2021	1,452.29	Cons. · Japanese GAAP
FYE Mar 2022	1,575.80	Cons. · Japanese GAAP
FYE Mar 2023	1,674.42	Cons. · Japanese GAAP
FYE Mar 2024	1,890.02	Cons. · Japanese GAAP
FYE Mar 2025	2,024.22	Cons. · Japanese GAAP
FYE Mar 2026	1,114.25	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 18.10×

Average · 10 yrs 18.55×

Fiscal year	PER ×	Basis
FYE Mar 2017	20.40	Cons.
FYE Mar 2018	20.70	Cons.
FYE Mar 2019	18.20	Cons.
FYE Mar 2020	20.80	Cons.
FYE Mar 2021	17.90	Cons.
FYE Mar 2022	13.40	Cons.
FYE Mar 2023	16.10	Cons.
FYE Mar 2024	21.60	Cons.
FYE Mar 2025	18.30	Cons.
FYE Mar 2026	18.10	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 1.73×

Average · 10 yrs 1.94×

Fiscal year	PBR ×	Basis
FYE Mar 2017	2.38	Cons.
FYE Mar 2018	2.41	Cons.
FYE Mar 2019	2.05	Cons.
FYE Mar 2020	2.21	Cons.
FYE Mar 2021	1.87	Cons.
FYE Mar 2022	1.45	Cons.
FYE Mar 2023	1.53	Cons.
FYE Mar 2024	2.09	Cons.
FYE Mar 2025	1.72	Cons.
FYE Mar 2026	1.73	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 17,763people

Change · 10 yrs +3,081 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	14,682	n/a	Cons.
FYE Mar 2018	15,787	+7.5%	Cons.
FYE Mar 2019	15,710	−0.5%	Cons.
FYE Mar 2020	15,824	+0.7%	Cons.
FYE Mar 2021	15,383	−2.8%	Cons.
FYE Mar 2022	15,296	−0.6%	Cons.
FYE Mar 2023	15,766	+3.1%	Cons.
FYE Mar 2024	16,385	+3.9%	Cons.
FYE Mar 2025	16,626	+1.5%	Cons.
FYE Mar 2026	17,763	+6.8%	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 234people

Change · 10 yrs +43 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	191	n/a	Parent
FYE Mar 2018	205	+7.3%	Parent
FYE Mar 2019	205	−0.0%	Parent
FYE Mar 2020	202	−1.5%	Parent
FYE Mar 2021	198	−2.0%	Parent
FYE Mar 2022	213	+7.6%	Parent
FYE Mar 2023	221	+3.8%	Parent
FYE Mar 2024	241	+9.0%	Parent
FYE Mar 2025	235	−2.5%	Parent
FYE Mar 2026	234	−0.4%	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 773万円

Change · 10 yrs +88万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	685	n/a	Parent
FYE Mar 2018	704	+2.8%	Parent
FYE Mar 2019	696	−1.1%	Parent
FYE Mar 2020	711	+2.2%	Parent
FYE Mar 2021	703	−1.2%	Parent
FYE Mar 2022	718	+2.2%	Parent
FYE Mar 2023	702	−2.1%	Parent
FYE Mar 2024	702	−0.0%	Parent
FYE Mar 2025	743	+5.8%	Parent
FYE Mar 2026	773	+3.9%	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 45.2years

Change · 8 yrs +0.8 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	44.4	n/a	Parent
FYE Mar 2020	45.1	+1.6%	Parent
FYE Mar 2021	45.1	−0.0%	Parent
FYE Mar 2022	45.4	+0.7%	Parent
FYE Mar 2023	45.2	−0.4%	Parent
FYE Mar 2024	45.2	−0.0%	Parent
FYE Mar 2025	45.6	+0.9%	Parent
FYE Mar 2026	45.2	−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 17.8years

Change · 10 yrs +2.6 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	15.2	n/a	Parent
FYE Mar 2018	16.1	+5.9%	Parent
FYE Mar 2019	16.3	+1.2%	Parent
FYE Mar 2020	15.8	−3.1%	Parent
FYE Mar 2021	16.3	+3.2%	Parent
FYE Mar 2022	16.6	+1.8%	Parent
FYE Mar 2023	16.2	−2.4%	Parent
FYE Mar 2024	16.0	−1.2%	Parent
FYE Mar 2025	18.1	+13.1%	Parent
FYE Mar 2026	17.8	−1.7%	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 2,530people

Change · 10 yrs −445 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	2,975	n/a	n/a
FYE Mar 2018	2,962	−0.4%	n/a
FYE Mar 2019	2,918	−1.5%	n/a
FYE Mar 2020	2,922	+0.1%	n/a
FYE Mar 2021	2,708	−7.3%	n/a
FYE Mar 2022	2,692	−0.6%	n/a
FYE Mar 2023	2,656	−1.3%	n/a
FYE Mar 2024	2,539	−4.4%	n/a
FYE Mar 2025	2,456	−3.3%	n/a
FYE Mar 2026	2,530	+3.0%	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 ¥40.3m

Change · 10 yrs +¥3.6m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	36.8	n/a	Cons.
FYE Mar 2018	36.0	−2.1%	Cons.
FYE Mar 2019	36.9	+2.6%	Cons.
FYE Mar 2020	37.0	+0.1%	Cons.
FYE Mar 2021	37.2	+0.7%	Cons.
FYE Mar 2022	39.4	+5.8%	Cons.
FYE Mar 2023	42.0	+6.6%	Cons.
FYE Mar 2024	41.5	−1.2%	Cons.
FYE Mar 2025	42.2	+1.7%	Cons.
FYE Mar 2026	40.3	−4.5%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥2.2m

Change · 10 yrs +¥0.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.0	n/a	Cons.
FYE Mar 2018	1.9	−5.1%	Cons.
FYE Mar 2019	1.9	−0.8%	Cons.
FYE Mar 2020	2.0	+4.4%	Cons.
FYE Mar 2021	2.1	+9.2%	Cons.
FYE Mar 2022	2.1	−4.1%	Cons.
FYE Mar 2023	2.1	+1.7%	Cons.
FYE Mar 2024	2.3	+7.8%	Cons.
FYE Mar 2025	2.3	+2.3%	Cons.
FYE Mar 2026	2.2	−4.7%	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.

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