Financials

Toyo Suisan (Maruchan): FYE Mar 2026 and ten years of results (48 metrics)

FYE Mar 2026 · Revenue¥537bnYoY +5.7%

FYE Mar 2026 · Operating profit¥86bnYoY +13.7%

FYE Mar 2026 · Net profit¥70bnYoY +11.6%

FYE Mar 2026 · Equity ratio82.6%YoY +1.7pp

FYE Mar 2026 · Group employees4,717YoY +21

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥383bn	n/a	¥29bn	n/a	7.7%	¥21bn	Imamura Masaya	—
FYE Mar 2018Consolidated	¥389bn	+1.6%	¥27bn	−9.6%	6.9%	¥18bn	Imamura Masaya	—
FYE Mar 2019Consolidated	¥401bn	+3.2%	¥24bn	−11.2%	5.9%	¥18bn	Imamura Masaya	—
FYE Mar 2020Consolidated	¥416bn	+3.7%	¥28bn	+19.8%	6.8%	¥23bn	Imamura Masaya	—
FYE Mar 2021Consolidated	¥341bn	−18.1%	¥36bn	+28.6%	10.7%	¥29bn	Imamura Masaya	Pandemic home-eating demand lifts profit to a record
FYE Mar 2022Consolidated	¥361bn	+6.1%	¥30bn	−18.4%	8.2%	¥22bn	Imamura Masaya	—
FYE Mar 2023Consolidated	¥436bn	+20.6%	¥40bn	+35.6%	9.3%	¥33bn	Imamura Masaya	—
FYE Mar 2024Consolidated	¥489bn	+12.2%	¥67bn	+65.4%	13.6%	¥56bn	Imamura Masaya	<a class="en-history_person" href="/tse/2875/executives/ceo/sumimoto-noritaka/" hreflang="ja">Sumimoto Noritaka</a> named president — the first change in nine years
FYE Mar 2025Consolidated	¥508bn	+3.8%	¥75bn	+13.2%	14.9%	¥63bn	Sumimoto Noritaka	Record again: ordinary profit <span class="en-history_money" data-yen="83900000000" data-year="2024">$553.8M (¥84bn)</span>
FYE Mar 2026Consolidated	¥537bn	+5.7%	¥86bn	+13.7%	16.0%	¥70bn	Sumimoto Noritaka	Announces a new instant-noodle plant in California

How it compares

Nissin Foods Holdings¥788bnFY2025Operating margin 7.9%

Toyo Suisan (Maruchan)¥537bnFY2025Operating margin 16.0%

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥537bn

CAGR · 10 yrs +3.8%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	383	n/a	Cons. · Japanese GAAP
FYE Mar 2018	389	+1.6%	Cons. · Japanese GAAP
FYE Mar 2019	401	+3.2%	Cons. · Japanese GAAP
FYE Mar 2020	416	+3.7%	Cons. · Japanese GAAP
FYE Mar 2021	341	−18.1%	Cons. · Japanese GAAP
FYE Mar 2022	361	+6.1%	Cons. · Japanese GAAP
FYE Mar 2023	436	+20.6%	Cons. · Japanese GAAP
FYE Mar 2024	489	+12.2%	Cons. · Japanese GAAP
FYE Mar 2025	508	+3.8%	Cons. · Japanese GAAP
FYE Mar 2026	537	+5.7%	Cons. · Japanese GAAP

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

Cost of sales

FYE Mar 2026 ¥372bn

CAGR · 10 yrs +5.1%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	238	n/a	Cons. · Japanese GAAP
FYE Mar 2018	242	+1.8%	Cons. · Japanese GAAP
FYE Mar 2019	255	+5.3%	Cons. · Japanese GAAP
FYE Mar 2020	262	+2.8%	Cons. · Japanese GAAP
FYE Mar 2021	248	−5.3%	Cons. · Japanese GAAP
FYE Mar 2022	271	+9.3%	Cons. · Japanese GAAP
FYE Mar 2023	328	+20.9%	Cons. · Japanese GAAP
FYE Mar 2024	349	+6.5%	Cons. · Japanese GAAP
FYE Mar 2025	356	+2.1%	Cons. · Japanese GAAP
FYE Mar 2026	372	+4.3%	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 ¥165bn

CAGR · 10 yrs +1.4%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	145	n/a	Cons. · Japanese GAAP
FYE Mar 2018	147	+1.3%	Cons. · Japanese GAAP
FYE Mar 2019	146	−0.3%	Cons. · Japanese GAAP
FYE Mar 2020	154	+5.3%	Cons. · Japanese GAAP
FYE Mar 2021	92.8	−39.8%	Cons. · Japanese GAAP
FYE Mar 2022	90.5	−2.5%	Cons. · Japanese GAAP
FYE Mar 2023	108	+19.4%	Cons. · Japanese GAAP
FYE Mar 2024	140	+29.7%	Cons. · Japanese GAAP
FYE Mar 2025	151	+8.0%	Cons. · Japanese GAAP
FYE Mar 2026	165	+9.1%	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 ¥79bn

CAGR · 10 yrs −4.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	115	n/a	Cons. · Japanese GAAP
FYE Mar 2018	120	+4.0%	Cons. · Japanese GAAP
FYE Mar 2019	123	+2.1%	Cons. · Japanese GAAP
FYE Mar 2020	126	+2.5%	Cons. · Japanese GAAP
FYE Mar 2021	56.4	−55.2%	Cons. · Japanese GAAP
FYE Mar 2022	60.8	+7.8%	Cons. · Japanese GAAP
FYE Mar 2023	67.7	+11.4%	Cons. · Japanese GAAP
FYE Mar 2024	73.4	+8.4%	Cons. · Japanese GAAP
FYE Mar 2025	75.8	+3.3%	Cons. · Japanese GAAP
FYE Mar 2026	79.2	+4.5%	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 ¥86bn

CAGR · 10 yrs +12.6%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	29.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	26.7	−9.6%	Cons. · Japanese GAAP
FYE Mar 2019	23.7	−11.2%	Cons. · Japanese GAAP
FYE Mar 2020	28.3	+19.8%	Cons. · Japanese GAAP
FYE Mar 2021	36.5	+28.6%	Cons. · Japanese GAAP
FYE Mar 2022	29.7	−18.4%	Cons. · Japanese GAAP
FYE Mar 2023	40.3	+35.6%	Cons. · Japanese GAAP
FYE Mar 2024	66.7	+65.4%	Cons. · Japanese GAAP
FYE Mar 2025	75.5	+13.2%	Cons. · Japanese GAAP
FYE Mar 2026	85.8	+13.7%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥8.7bn

CAGR · 10 yrs +14.6%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	2.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.8	+7.4%	Cons. · Japanese GAAP
FYE Mar 2019	3.2	+17.1%	Cons. · Japanese GAAP
FYE Mar 2020	3.5	+10.2%	Cons. · Japanese GAAP
FYE Mar 2021	2.6	−25.6%	Cons. · Japanese GAAP
FYE Mar 2022	2.5	−6.5%	Cons. · Japanese GAAP
FYE Mar 2023	4.0	+62.1%	Cons. · Japanese GAAP
FYE Mar 2024	8.7	+118.4%	Cons. · Japanese GAAP
FYE Mar 2025	8.9	+2.2%	Cons. · Japanese GAAP
FYE Mar 2026	8.7	−2.5%	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 ¥460m

CAGR · 10 yrs −7.2%

Fiscal year	Non-operating expenses ¥ m	YoY	Basis
FYE Mar 2017	900	n/a	Cons. · Japanese GAAP
FYE Mar 2018	832	−7.6%	Cons. · Japanese GAAP
FYE Mar 2019	713	−14.3%	Cons. · Japanese GAAP
FYE Mar 2020	546	−23.4%	Cons. · Japanese GAAP
FYE Mar 2021	404	−26.0%	Cons. · Japanese GAAP
FYE Mar 2022	372	−7.9%	Cons. · Japanese GAAP
FYE Mar 2023	607	+63.2%	Cons. · Japanese GAAP
FYE Mar 2024	545	−10.2%	Cons. · Japanese GAAP
FYE Mar 2025	499	−8.4%	Cons. · Japanese GAAP
FYE Mar 2026	460	−7.8%	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 ¥94bn

CAGR · 10 yrs +13.1%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	31.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	28.6	−8.3%	Cons. · Japanese GAAP
FYE Mar 2019	26.2	−8.4%	Cons. · Japanese GAAP
FYE Mar 2020	31.4	+19.8%	Cons. · Japanese GAAP
FYE Mar 2021	38.7	+23.4%	Cons. · Japanese GAAP
FYE Mar 2022	31.8	−17.7%	Cons. · Japanese GAAP
FYE Mar 2023	43.7	+37.4%	Cons. · Japanese GAAP
FYE Mar 2024	74.9	+71.3%	Cons. · Japanese GAAP
FYE Mar 2025	83.9	+12.1%	Cons. · Japanese GAAP
FYE Mar 2026	94.1	+12.1%	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 ¥0.9bn

CAGR · 10 yrs −5.7%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.7	−51.1%	Cons. · Japanese GAAP
FYE Mar 2019	1.1	+57.3%	Cons. · Japanese GAAP
FYE Mar 2020	1.9	+67.2%	Cons. · Japanese GAAP
FYE Mar 2021	2.0	+7.5%	Cons. · Japanese GAAP
FYE Mar 2022	0.4	−79.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.3	−37.7%	Cons. · Japanese GAAP
FYE Mar 2024	0.4	+38.8%	Cons. · Japanese GAAP
FYE Mar 2025	0.7	+91.7%	Cons. · Japanese GAAP
FYE Mar 2026	0.9	+22.6%	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 ¥70bn

CAGR · 10 yrs +14.4%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	20.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.4	−11.5%	Cons. · Japanese GAAP
FYE Mar 2019	18.4	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	23.4	+26.8%	Cons. · Japanese GAAP
FYE Mar 2021	29.1	+24.3%	Cons. · Japanese GAAP
FYE Mar 2022	22.4	−22.9%	Cons. · Japanese GAAP
FYE Mar 2023	33.1	+47.8%	Cons. · Japanese GAAP
FYE Mar 2024	55.7	+68.0%	Cons. · Japanese GAAP
FYE Mar 2025	62.9	+13.0%	Cons. · Japanese GAAP
FYE Mar 2026	70.2	+11.6%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 30.7%

Average · 10 yrs 31.5%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	37.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	37.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	36.5	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	37.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	27.2	−9.8pp	Cons. · Japanese GAAP
FYE Mar 2022	25.0	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2023	24.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	28.7	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2025	29.8	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	30.7	+0.9pp	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 16.0%

Average · 10 yrs 10.0%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.9	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	5.9	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2020	6.8	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	10.7	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2022	8.2	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2023	9.3	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	13.6	+4.4pp	Cons. · Japanese GAAP
FYE Mar 2025	14.9	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	16.0	+1.1pp	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 17.5%

Average · 10 yrs 10.9%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	8.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.3	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	6.5	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	7.5	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	11.4	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2022	8.8	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2023	10.0	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	15.3	+5.3pp	Cons. · Japanese GAAP
FYE Mar 2025	16.5	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	17.5	+1.0pp	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 13.1%

Average · 10 yrs 8.0%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	5.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.7	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	4.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	5.6	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	8.5	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2022	6.2	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2023	7.6	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	11.4	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2025	12.4	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	13.1	+0.7pp	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 69.3%

Average · 10 yrs 68.5%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	62.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	62.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	63.5	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	63.0	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	72.8	+9.8pp	Cons. · Japanese GAAP
FYE Mar 2022	75.0	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2023	75.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	71.3	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2025	70.2	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	69.3	−0.9pp	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 14.8%

Average · 10 yrs 21.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	30.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.9	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	30.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	30.2	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	16.5	−13.7pp	Cons. · Japanese GAAP
FYE Mar 2022	16.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	15.5	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2024	15.0	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	14.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	14.8	−0.2pp	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 ¥643bn

CAGR · 10 yrs +6.6%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	361	n/a	Cons. · Japanese GAAP
FYE Mar 2018	372	+3.0%	Cons. · Japanese GAAP
FYE Mar 2019	390	+4.9%	Cons. · Japanese GAAP
FYE Mar 2020	403	+3.2%	Cons. · Japanese GAAP
FYE Mar 2021	429	+6.5%	Cons. · Japanese GAAP
FYE Mar 2022	455	+6.1%	Cons. · Japanese GAAP
FYE Mar 2023	497	+9.3%	Cons. · Japanese GAAP
FYE Mar 2024	571	+14.9%	Cons. · Japanese GAAP
FYE Mar 2025	595	+4.2%	Cons. · Japanese GAAP
FYE Mar 2026	643	+8.1%	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 ¥531bn

CAGR · 10 yrs +7.7%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	271	n/a	Cons. · Japanese GAAP
FYE Mar 2018	280	+3.2%	Cons. · Japanese GAAP
FYE Mar 2019	297	+6.0%	Cons. · Japanese GAAP
FYE Mar 2020	307	+3.4%	Cons. · Japanese GAAP
FYE Mar 2021	331	+8.1%	Cons. · Japanese GAAP
FYE Mar 2022	355	+7.1%	Cons. · Japanese GAAP
FYE Mar 2023	392	+10.5%	Cons. · Japanese GAAP
FYE Mar 2024	462	+17.9%	Cons. · Japanese GAAP
FYE Mar 2025	481	+4.1%	Cons. · Japanese GAAP
FYE Mar 2026	531	+10.3%	Cons. · Japanese GAAP

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

Interest-bearing debt

FYE Mar 2026 ¥481m

CAGR · 10 yrs +6.8%

Fiscal year	Interest-bearing debt ¥ m	YoY	Basis
FYE Mar 2017	267	n/a	Cons. · Japanese GAAP
FYE Mar 2018	285	+6.7%	Cons. · Japanese GAAP
FYE Mar 2019	644	+126.0%	Cons. · Japanese GAAP
FYE Mar 2020	324	−49.7%	Cons. · Japanese GAAP
FYE Mar 2021	350	+8.0%	Cons. · Japanese GAAP
FYE Mar 2022	378	+8.0%	Cons. · Japanese GAAP
FYE Mar 2023	377	−0.3%	Cons. · Japanese GAAP
FYE Mar 2024	390	+3.4%	Cons. · Japanese GAAP
FYE Mar 2025	442	+13.3%	Cons. · Japanese GAAP
FYE Mar 2026	481	+8.8%	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 ¥481m

CAGR · 10 yrs +6.8%

Fiscal year	Short-term borrowings ¥ m	YoY	Basis
FYE Mar 2017	267	n/a	Cons. · Japanese GAAP
FYE Mar 2018	285	+6.7%	Cons. · Japanese GAAP
FYE Mar 2019	644	+126.0%	Cons. · Japanese GAAP
FYE Mar 2020	324	−49.7%	Cons. · Japanese GAAP
FYE Mar 2021	350	+8.0%	Cons. · Japanese GAAP
FYE Mar 2022	378	+8.0%	Cons. · Japanese GAAP
FYE Mar 2023	377	−0.3%	Cons. · Japanese GAAP
FYE Mar 2024	390	+3.4%	Cons. · Japanese GAAP
FYE Mar 2025	442	+13.3%	Cons. · Japanese GAAP
FYE Mar 2026	481	+8.8%	Cons. · Japanese GAAP

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

Intangible assets

FYE Mar 2026 ¥8.3bn

CAGR · 10 yrs +14.7%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	2.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.7	−28.4%	Cons. · Japanese GAAP
FYE Mar 2019	1.6	−7.7%	Cons. · Japanese GAAP
FYE Mar 2020	1.4	−10.0%	Cons. · Japanese GAAP
FYE Mar 2021	1.3	−12.2%	Cons. · Japanese GAAP
FYE Mar 2022	1.3	+3.5%	Cons. · Japanese GAAP
FYE Mar 2023	2.6	+94.7%	Cons. · Japanese GAAP
FYE Mar 2024	2.6	+3.7%	Cons. · Japanese GAAP
FYE Mar 2025	5.6	+110.7%	Cons. · Japanese GAAP
FYE Mar 2026	8.3	+49.3%	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 82.6%

Average · 10 yrs 78.1%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	75.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	75.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	76.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	76.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	77.3	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2022	78.1	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	78.9	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	81.0	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2025	80.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	82.6	+1.7pp	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 0.1%

Average · 10 yrs 0.1%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	0.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	0.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	0.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	0.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2023	0.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	0.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	0.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	0.1	−0.0pp	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 13.2%

Average · 10 yrs 9.0%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.6	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	6.2	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	7.6	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	8.8	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	6.3	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2023	8.4	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2024	12.0	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2025	13.1	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	13.2	+0.2pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 10.9%

Average · 10 yrs 7.1%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	5.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.0	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	4.7	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	5.8	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2021	6.8	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	4.9	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2023	6.7	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2024	9.7	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2025	10.6	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	10.9	+0.4pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.83×

CAGR · 10 yrs −2.6%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.06	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.05	−1.3%	Cons. · Japanese GAAP
FYE Mar 2019	1.03	−1.7%	Cons. · Japanese GAAP
FYE Mar 2020	1.03	+0.5%	Cons. · Japanese GAAP
FYE Mar 2021	0.80	−23.1%	Cons. · Japanese GAAP
FYE Mar 2022	0.80	−0.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.88	+10.3%	Cons. · Japanese GAAP
FYE Mar 2024	0.86	−2.3%	Cons. · Japanese GAAP
FYE Mar 2025	0.85	−0.4%	Cons. · Japanese GAAP
FYE Mar 2026	0.83	−2.2%	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 ¥85bn

CAGR · 10 yrs +10.9%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	33.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.4	−12.7%	Cons. · Japanese GAAP
FYE Mar 2019	31.0	+5.6%	Cons. · Japanese GAAP
FYE Mar 2020	47.7	+53.7%	Cons. · Japanese GAAP
FYE Mar 2021	47.8	+0.2%	Cons. · Japanese GAAP
FYE Mar 2022	33.3	−30.3%	Cons. · Japanese GAAP
FYE Mar 2023	42.0	+26.2%	Cons. · Japanese GAAP
FYE Mar 2024	70.5	+67.7%	Cons. · Japanese GAAP
FYE Mar 2025	78.8	+11.7%	Cons. · Japanese GAAP
FYE Mar 2026	85.2	+8.1%	Cons. · Japanese GAAP

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

Investing cash flow

FYE Mar 2026 -¥45bn

Average · 10 yrs -¥34bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-30.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-20.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-27.4	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-18.5	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-50.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-27.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-25.2	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-53.7	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-40.1	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-45.0	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 -¥44bn

Average · 10 yrs -¥16bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-6.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-6.2	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-8.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-8.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-12.7	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-43.5	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-43.8	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 ¥36bn

CAGR · 10 yrs +4.9%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	23.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.4	+9.4%	Cons. · Japanese GAAP
FYE Mar 2019	23.3	−8.4%	Cons. · Japanese GAAP
FYE Mar 2020	43.4	+86.4%	Cons. · Japanese GAAP
FYE Mar 2021	32.8	−24.3%	Cons. · Japanese GAAP
FYE Mar 2022	29.4	−10.6%	Cons. · Japanese GAAP
FYE Mar 2023	37.6	+28.0%	Cons. · Japanese GAAP
FYE Mar 2024	42.1	+12.0%	Cons. · Japanese GAAP
FYE Mar 2025	39.4	−6.4%	Cons. · Japanese GAAP
FYE Mar 2026	35.7	−9.4%	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 ¥40bn

CAGR · 10 yrs +34.4%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	2.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.0	+220.8%	Cons. · Japanese GAAP
FYE Mar 2019	3.7	−59.2%	Cons. · Japanese GAAP
FYE Mar 2020	29.2	+696.7%	Cons. · Japanese GAAP
FYE Mar 2021	-2.2	−107.5%	Cons. · Japanese GAAP
FYE Mar 2022	6.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	16.8	+181.2%	Cons. · Japanese GAAP
FYE Mar 2024	16.8	−0.4%	Cons. · Japanese GAAP
FYE Mar 2025	38.7	+131.1%	Cons. · Japanese GAAP
FYE Mar 2026	40.1	+3.6%	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 15.9%

Average · 10 yrs 11.4%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	8.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.6	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	7.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	11.5	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2021	14.0	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2022	9.2	−4.8pp	Cons. · Japanese GAAP
FYE Mar 2023	9.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	14.4	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2025	15.5	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	15.9	+0.3pp	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 ¥35bn

CAGR · 10 yrs +4.9%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	23.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.1	+9.4%	Cons. · Japanese GAAP
FYE Mar 2019	22.6	−9.9%	Cons. · Japanese GAAP
FYE Mar 2020	43.1	+90.2%	Cons. · Japanese GAAP
FYE Mar 2021	32.5	−24.6%	Cons. · Japanese GAAP
FYE Mar 2022	29.0	−10.8%	Cons. · Japanese GAAP
FYE Mar 2023	37.2	+28.4%	Cons. · Japanese GAAP
FYE Mar 2024	41.7	+12.1%	Cons. · Japanese GAAP
FYE Mar 2025	38.9	−6.6%	Cons. · Japanese GAAP
FYE Mar 2026	35.2	−9.6%	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 ¥1.22tn

Change · 10 yrs +¥760bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	460	n/a
FYE Mar 2018	457	n/a
FYE Mar 2019	467	n/a
FYE Mar 2020	579	n/a
FYE Mar 2021	516	n/a
FYE Mar 2022	485	n/a
FYE Mar 2023	615	n/a
FYE Mar 2024	1,051	n/a
FYE Mar 2025	975	n/a
FYE Mar 2026	1,220	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 10,999¥

Change · 10 yrs +6,853¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	4,146	n/a
FYE Mar 2018	4,126	n/a
FYE Mar 2019	4,216	n/a
FYE Mar 2020	5,219	n/a
FYE Mar 2021	4,651	n/a
FYE Mar 2022	4,370	n/a
FYE Mar 2023	5,550	n/a
FYE Mar 2024	9,477	n/a
FYE Mar 2025	8,792	n/a
FYE Mar 2026	10,999	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 110,881,044shares

Change · 10 yrs −0 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	110,881,044	Parent
FYE Mar 2018	110,881,044	Parent
FYE Mar 2019	110,881,044	Parent
FYE Mar 2020	110,881,044	Parent
FYE Mar 2021	110,881,044	Parent
FYE Mar 2022	110,881,044	Parent
FYE Mar 2023	110,881,044	Parent
FYE Mar 2024	110,881,044	Parent
FYE Mar 2025	110,881,044	Parent
FYE Mar 2026	110,881,044	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 713.27¥

Change · 10 yrs +509.24¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	204.03	Cons.
FYE Mar 2018	180.47	Cons.
FYE Mar 2019	180.54	Cons.
FYE Mar 2020	228.92	Cons.
FYE Mar 2021	284.64	Cons.
FYE Mar 2022	219.48	Cons.
FYE Mar 2023	324.36	Cons.
FYE Mar 2024	544.95	Cons.
FYE Mar 2025	636.18	Cons.
FYE Mar 2026	713.27	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 4,788.04¥

Change · 10 yrs +2,342.19¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	2,445.86	Cons. · Japanese GAAP
FYE Mar 2018	2,524.39	Cons. · Japanese GAAP
FYE Mar 2019	2,675.29	Cons. · Japanese GAAP
FYE Mar 2020	2,765.57	Cons. · Japanese GAAP
FYE Mar 2021	2,989.32	Cons. · Japanese GAAP
FYE Mar 2022	3,200.57	Cons. · Japanese GAAP
FYE Mar 2023	3,536.92	Cons. · Japanese GAAP
FYE Mar 2024	4,169.49	Cons. · Japanese GAAP
FYE Mar 2025	4,339.71	Cons. · Japanese GAAP
FYE Mar 2026	4,788.04	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 15.42×

Average · 10 yrs 18.93×

Fiscal year	PER ×	Basis
FYE Mar 2017	20.32	Cons.
FYE Mar 2018	22.86	Cons.
FYE Mar 2019	23.35	Cons.
FYE Mar 2020	22.80	Cons.
FYE Mar 2021	16.34	Cons.
FYE Mar 2022	19.91	Cons.
FYE Mar 2023	17.11	Cons.
FYE Mar 2024	17.39	Cons.
FYE Mar 2025	13.82	Cons.
FYE Mar 2026	15.42	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 2.02×

Average · 10 yrs 1.63×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.56	Cons.
FYE Mar 2018	1.51	Cons.
FYE Mar 2019	1.45	Cons.
FYE Mar 2020	1.74	Cons.
FYE Mar 2021	1.43	Cons.
FYE Mar 2022	1.26	Cons.
FYE Mar 2023	1.45	Cons.
FYE Mar 2024	2.09	Cons.
FYE Mar 2025	1.82	Cons.
FYE Mar 2026	2.02	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 4,717people

Change · 10 yrs +67 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	4,650	n/a	Cons.
FYE Mar 2018	4,639	−0.2%	Cons.
FYE Mar 2019	4,732	+2.0%	Cons.
FYE Mar 2020	4,791	+1.2%	Cons.
FYE Mar 2021	4,880	+1.9%	Cons.
FYE Mar 2022	4,839	−0.8%	Cons.
FYE Mar 2023	4,745	−1.9%	Cons.
FYE Mar 2024	4,738	−0.1%	Cons.
FYE Mar 2025	4,696	−0.9%	Cons.
FYE Mar 2026	4,717	+0.4%	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 2,192people

Change · 10 yrs −51 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	2,243	n/a	Parent
FYE Mar 2018	2,232	−0.5%	Parent
FYE Mar 2019	2,260	+1.3%	Parent
FYE Mar 2020	2,253	−0.3%	Parent
FYE Mar 2021	2,276	+1.0%	Parent
FYE Mar 2022	2,231	−2.0%	Parent
FYE Mar 2023	2,226	−0.2%	Parent
FYE Mar 2024	2,209	−0.8%	Parent
FYE Mar 2025	2,189	−0.9%	Parent
FYE Mar 2026	2,192	+0.1%	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 ¥7.0m

Change · 8 yrs +¥1.4m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	5.6	n/a	Parent
FYE Mar 2020	5.8	+4.3%	Parent
FYE Mar 2021	6.1	+5.4%	Parent
FYE Mar 2022	6.1	−1.0%	Parent
FYE Mar 2023	6.2	+2.2%	Parent
FYE Mar 2024	6.4	+2.6%	Parent
FYE Mar 2025	7.0	+9.6%	Parent
FYE Mar 2026	7.0	+0.1%	Parent

Definition: Average total annual compensation, bonuses included
Formula: Average annual pay, from the employee section of the filing
Source: Securities report (XBRL)

Average age

FYE Mar 2026 41.7years

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	40.9	n/a	Parent
FYE Mar 2020	41.0	+0.2%	Parent
FYE Mar 2021	40.4	−1.5%	Parent
FYE Mar 2022	40.7	+0.7%	Parent
FYE Mar 2023	40.9	+0.5%	Parent
FYE Mar 2024	41.1	+0.5%	Parent
FYE Mar 2025	41.3	+0.5%	Parent
FYE Mar 2026	41.7	+1.0%	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 16.8years

Change · 8 yrs +1.7 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	15.1	n/a	Parent
FYE Mar 2020	15.2	+0.7%	Parent
FYE Mar 2021	15.3	+0.7%	Parent
FYE Mar 2022	15.6	+2.0%	Parent
FYE Mar 2023	15.9	+1.9%	Parent
FYE Mar 2024	16.1	+1.3%	Parent
FYE Mar 2025	16.5	+2.5%	Parent
FYE Mar 2026	16.8	+1.8%	Parent

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

Temporary employees

FYE Mar 2026 798people

Change · 10 yrs −132 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	930	n/a	n/a
FYE Mar 2018	979	+5.3%	n/a
FYE Mar 2019	1,015	+3.7%	n/a
FYE Mar 2020	933	−8.1%	n/a
FYE Mar 2021	885	−5.1%	n/a
FYE Mar 2022	838	−5.3%	n/a
FYE Mar 2023	853	+1.8%	n/a
FYE Mar 2024	766	−10.2%	n/a
FYE Mar 2025	759	−0.9%	n/a
FYE Mar 2026	798	+5.1%	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 ¥114m

Change · 10 yrs +¥31.5m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	82.3	n/a	Cons.
FYE Mar 2018	83.8	+1.8%	Cons.
FYE Mar 2019	84.8	+1.1%	Cons.
FYE Mar 2020	86.8	+2.5%	Cons.
FYE Mar 2021	69.8	−19.6%	Cons.
FYE Mar 2022	74.7	+7.0%	Cons.
FYE Mar 2023	91.8	+22.9%	Cons.
FYE Mar 2024	103	+12.4%	Cons.
FYE Mar 2025	108	+4.7%	Cons.
FYE Mar 2026	114	+5.2%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥18.2m

Change · 10 yrs +¥11.8m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	6.3	n/a	Cons.
FYE Mar 2018	5.7	−9.4%	Cons.
FYE Mar 2019	5.0	−13.0%	Cons.
FYE Mar 2020	5.9	+18.3%	Cons.
FYE Mar 2021	7.5	+26.3%	Cons.
FYE Mar 2022	6.1	−17.7%	Cons.
FYE Mar 2023	8.5	+38.3%	Cons.
FYE Mar 2024	14.1	+65.6%	Cons.
FYE Mar 2025	16.1	+14.2%	Cons.
FYE Mar 2026	18.2	+13.2%	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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