Financials

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

FYE Mar 2026 · Revenue¥422bnYoY −0.1%

FYE Mar 2026 · Operating profit¥28bnYoY +67.6%

FYE Mar 2026 · Net profit¥11bnYoY +457.9%

FYE Mar 2026 · Equity ratio34.0%YoY +2.4pp

FYE Mar 2026 · Group employees9,398YoY −578

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥329bn	n/a	¥23bn	n/a	7.1%	¥9.4bn	Narahara Seiji	Overseas textile operations scaled back
FYE Mar 2018Consolidated	¥331bn	+0.5%	¥24bn	+2.5%	7.2%	¥13bn	Narahara Seiji	—
FYE Mar 2019Consolidated	¥337bn	+1.7%	¥22bn	−9.2%	6.5%	-¥0.6bn	Narahara Seiji	Zylon body-armour litigation settled in March
FYE Mar 2020Consolidated	¥340bn	+0.9%	¥23bn	+4.9%	6.7%	¥14bn	Narahara Seiji	—
FYE Mar 2021Consolidated	¥337bn	−0.6%	¥27bn	+16.9%	7.9%	¥4.2bn	Narahara Seiji	Certification misconduct found on the Planac engineering plastic in October
FYE Mar 2022Consolidated	¥376bn	+11.4%	¥28bn	+6.7%	7.6%	¥13bn	Narahara Seiji	—
FYE Mar 2023Consolidated	¥400bn	+6.4%	¥10bn	−64.6%	2.5%	-¥0.7bn	Takeuchi Ikuo	The textile business is split off into a subsidiary in April
FYE Mar 2024Consolidated	¥414bn	+3.6%	¥9.0bn	−10.6%	2.2%	¥2.5bn	Takeuchi Ikuo	Film segment profit collapses in the year to March
FYE Mar 2025Consolidated	¥422bn	+1.9%	¥17bn	+85.1%	3.9%	¥2.0bn	Takeuchi Ikuo	SRF holds roughly 60% of the world polariser-protective film market
FYE Mar 2026Consolidated	¥422bn	−0.1%	¥28bn	+67.6%	6.6%	¥11bn	Takeuchi Ikuo	—

How it compares

Nisshinbo Holdings¥502bnFY2025Operating margin 5.3%

Toyobo¥422bnFY2025Operating margin 6.6%

Seiren¥172bnFY2025Operating margin 12.1%Kurabo Industries¥144bnFY2025Operating margin 6.4%

GUNZE LIMITED¥131bnFY2025Operating margin 3.7%

Nikke (Japan Wool Textile)¥119bnFY2025Operating margin 10.0%Unitika¥119bnFY2025Operating margin 8.9%Nitto Boseki¥118bnFY2025Operating margin 17.6%Fujibo Holdings¥46bnFY2025Operating margin 17.7%

SHIKIBO LTD.¥45bnFY2025Operating margin 2.2%

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 ¥422bn

CAGR · 10 yrs +2.8%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	329	n/a	Cons. · Japanese GAAP
FYE Mar 2018	331	+0.5%	Cons. · Japanese GAAP
FYE Mar 2019	337	+1.7%	Cons. · Japanese GAAP
FYE Mar 2020	340	+0.9%	Cons. · Japanese GAAP
FYE Mar 2021	337	−0.6%	Cons. · Japanese GAAP
FYE Mar 2022	376	+11.4%	Cons. · Japanese GAAP
FYE Mar 2023	400	+6.4%	Cons. · Japanese GAAP
FYE Mar 2024	414	+3.6%	Cons. · Japanese GAAP
FYE Mar 2025	422	+1.9%	Cons. · Japanese GAAP
FYE Mar 2026	422	−0.1%	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 ¥313bn

CAGR · 10 yrs +2.5%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	250	n/a	Cons. · Japanese GAAP
FYE Mar 2018	250	−0.0%	Cons. · Japanese GAAP
FYE Mar 2019	256	+2.2%	Cons. · Japanese GAAP
FYE Mar 2020	255	−0.2%	Cons. · Japanese GAAP
FYE Mar 2021	247	−3.2%	Cons. · Japanese GAAP
FYE Mar 2022	280	+13.2%	Cons. · Japanese GAAP
FYE Mar 2023	315	+12.6%	Cons. · Japanese GAAP
FYE Mar 2024	326	+3.6%	Cons. · Japanese GAAP
FYE Mar 2025	325	−0.4%	Cons. · Japanese GAAP
FYE Mar 2026	313	−3.6%	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 ¥108bn

CAGR · 10 yrs +3.5%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	79.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	81.1	+2.0%	Cons. · Japanese GAAP
FYE Mar 2019	81.1	−0.1%	Cons. · Japanese GAAP
FYE Mar 2020	84.5	+4.2%	Cons. · Japanese GAAP
FYE Mar 2021	90.4	+7.0%	Cons. · Japanese GAAP
FYE Mar 2022	96.1	+6.4%	Cons. · Japanese GAAP
FYE Mar 2023	85.0	−11.6%	Cons. · Japanese GAAP
FYE Mar 2024	88.0	+3.5%	Cons. · Japanese GAAP
FYE Mar 2025	97.1	+10.3%	Cons. · Japanese GAAP
FYE Mar 2026	108	+11.4%	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 ¥80bn

CAGR · 10 yrs +4.0%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	56.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	57.2	+1.7%	Cons. · Japanese GAAP
FYE Mar 2019	59.3	+3.8%	Cons. · Japanese GAAP
FYE Mar 2020	61.7	+3.9%	Cons. · Japanese GAAP
FYE Mar 2021	63.7	+3.3%	Cons. · Japanese GAAP
FYE Mar 2022	67.7	+6.2%	Cons. · Japanese GAAP
FYE Mar 2023	74.9	+10.7%	Cons. · Japanese GAAP
FYE Mar 2024	79.0	+5.4%	Cons. · Japanese GAAP
FYE Mar 2025	80.4	+1.8%	Cons. · Japanese GAAP
FYE Mar 2026	80.2	−0.2%	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 ¥28bn

CAGR · 10 yrs +2.0%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	23.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.9	+2.5%	Cons. · Japanese GAAP
FYE Mar 2019	21.7	−9.2%	Cons. · Japanese GAAP
FYE Mar 2020	22.8	+4.9%	Cons. · Japanese GAAP
FYE Mar 2021	26.7	+16.9%	Cons. · Japanese GAAP
FYE Mar 2022	28.4	+6.7%	Cons. · Japanese GAAP
FYE Mar 2023	10.1	−64.6%	Cons. · Japanese GAAP
FYE Mar 2024	9.0	−10.6%	Cons. · Japanese GAAP
FYE Mar 2025	16.7	+85.1%	Cons. · Japanese GAAP
FYE Mar 2026	27.9	+67.6%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥2.7bn

CAGR · 10 yrs −1.7%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	3.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.7	−14.5%	Cons. · Japanese GAAP
FYE Mar 2019	3.0	+11.0%	Cons. · Japanese GAAP
FYE Mar 2020	3.3	+11.3%	Cons. · Japanese GAAP
FYE Mar 2021	3.1	−5.9%	Cons. · Japanese GAAP
FYE Mar 2022	2.4	−23.2%	Cons. · Japanese GAAP
FYE Mar 2023	2.4	+1.7%	Cons. · Japanese GAAP
FYE Mar 2024	3.7	+51.3%	Cons. · Japanese GAAP
FYE Mar 2025	3.2	−14.8%	Cons. · Japanese GAAP
FYE Mar 2026	2.7	−14.4%	Cons. · Japanese GAAP

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

Non-operating expenses

FYE Mar 2026 ¥7.7bn

CAGR · 10 yrs +3.2%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	5.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.2	+6.3%	Cons. · Japanese GAAP
FYE Mar 2019	6.9	+11.7%	Cons. · Japanese GAAP
FYE Mar 2020	8.1	+16.7%	Cons. · Japanese GAAP
FYE Mar 2021	9.1	+12.3%	Cons. · Japanese GAAP
FYE Mar 2022	7.7	−14.7%	Cons. · Japanese GAAP
FYE Mar 2023	5.9	−23.6%	Cons. · Japanese GAAP
FYE Mar 2024	5.7	−3.1%	Cons. · Japanese GAAP
FYE Mar 2025	9.2	+60.7%	Cons. · Japanese GAAP
FYE Mar 2026	7.7	−16.2%	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 ¥23bn

CAGR · 10 yrs +1.1%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	20.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.4	−1.1%	Cons. · Japanese GAAP
FYE Mar 2019	17.8	−12.9%	Cons. · Japanese GAAP
FYE Mar 2020	18.0	+1.4%	Cons. · Japanese GAAP
FYE Mar 2021	20.7	+14.8%	Cons. · Japanese GAAP
FYE Mar 2022	23.1	+11.5%	Cons. · Japanese GAAP
FYE Mar 2023	6.6	−71.5%	Cons. · Japanese GAAP
FYE Mar 2024	7.0	+5.6%	Cons. · Japanese GAAP
FYE Mar 2025	10.6	+52.1%	Cons. · Japanese GAAP
FYE Mar 2026	22.9	+116.0%	Cons. · Japanese GAAP

Definition: A level of profit that exists only under Japanese GAAP
Formula: Operating profit + non-operating income − non-operating expenses
Source: Securities report (XBRL)

Extraordinary income

FYE Mar 2026 ¥2.2bn

CAGR · 10 yrs +18.7%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.5	+2350.3%	Cons. · Japanese GAAP
FYE Mar 2019	1.5	−86.8%	Cons. · Japanese GAAP
FYE Mar 2020	11.2	+637.7%	Cons. · Japanese GAAP
FYE Mar 2021	0.6	−94.4%	Cons. · Japanese GAAP
FYE Mar 2022	6.5	+938.0%	Cons. · Japanese GAAP
FYE Mar 2023	9.8	+49.4%	Cons. · Japanese GAAP
FYE Mar 2024	3.3	−66.0%	Cons. · Japanese GAAP
FYE Mar 2025	2.4	−29.0%	Cons. · Japanese GAAP
FYE Mar 2026	2.2	−7.0%	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 ¥11bn

CAGR · 10 yrs +1.9%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	9.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.0	+38.1%	Cons. · Japanese GAAP
FYE Mar 2019	-0.6	−104.6%	Cons. · Japanese GAAP
FYE Mar 2020	13.8	n/a	Cons. · Japanese GAAP
FYE Mar 2021	4.2	−69.5%	Cons. · Japanese GAAP
FYE Mar 2022	12.9	+206.2%	Cons. · Japanese GAAP
FYE Mar 2023	-0.7	−105.1%	Cons. · Japanese GAAP
FYE Mar 2024	2.5	n/a	Cons. · Japanese GAAP
FYE Mar 2025	2.0	−18.4%	Cons. · Japanese GAAP
FYE Mar 2026	11.2	+457.9%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 25.7%

Average · 10 yrs 24.1%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	24.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	24.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	24.1	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	24.9	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	26.8	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2022	25.6	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	21.3	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2024	21.2	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	23.0	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2026	25.7	+2.7pp	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 6.6%

Average · 10 yrs 5.8%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	7.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	6.5	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	6.7	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	7.9	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2022	7.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	2.5	−5.1pp	Cons. · Japanese GAAP
FYE Mar 2024	2.2	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	3.9	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2026	6.6	+2.7pp	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 5.4%

Average · 10 yrs 4.7%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	6.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.2	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	5.3	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	5.3	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	6.1	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	6.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2023	1.6	−4.5pp	Cons. · Japanese GAAP
FYE Mar 2024	1.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	2.5	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	5.4	+2.9pp	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 2.7%

Average · 10 yrs 1.9%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	2.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.9	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	-0.2	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2020	4.1	+4.2pp	Cons. · Japanese GAAP
FYE Mar 2021	1.2	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2022	3.4	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2023	-0.2	−3.6pp	Cons. · Japanese GAAP
FYE Mar 2024	0.6	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	0.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	2.7	+2.2pp	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 74.3%

Average · 10 yrs 75.9%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	75.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	75.5	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	75.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	75.1	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	73.2	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2022	74.4	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	78.7	+4.3pp	Cons. · Japanese GAAP
FYE Mar 2024	78.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	77.0	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2026	74.3	−2.7pp	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 19.0%

Average · 10 yrs 18.3%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	17.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	17.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	18.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	18.9	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	18.0	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	18.7	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	19.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	19.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	19.0	−0.0pp	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 ¥628bn

CAGR · 10 yrs +3.7%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	451	n/a	Cons. · Japanese GAAP
FYE Mar 2018	445	−1.2%	Cons. · Japanese GAAP
FYE Mar 2019	461	+3.5%	Cons. · Japanese GAAP
FYE Mar 2020	489	+6.0%	Cons. · Japanese GAAP
FYE Mar 2021	491	+0.5%	Cons. · Japanese GAAP
FYE Mar 2022	518	+5.4%	Cons. · Japanese GAAP
FYE Mar 2023	589	+13.7%	Cons. · Japanese GAAP
FYE Mar 2024	607	+3.1%	Cons. · Japanese GAAP
FYE Mar 2025	618	+1.8%	Cons. · Japanese GAAP
FYE Mar 2026	628	+1.6%	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 ¥213bn

CAGR · 10 yrs +2.7%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	168	n/a	Cons. · Japanese GAAP
FYE Mar 2018	181	+7.6%	Cons. · Japanese GAAP
FYE Mar 2019	177	−2.2%	Cons. · Japanese GAAP
FYE Mar 2020	178	+0.7%	Cons. · Japanese GAAP
FYE Mar 2021	186	+4.4%	Cons. · Japanese GAAP
FYE Mar 2022	195	+4.9%	Cons. · Japanese GAAP
FYE Mar 2023	190	−2.7%	Cons. · Japanese GAAP
FYE Mar 2024	197	+3.9%	Cons. · Japanese GAAP
FYE Mar 2025	195	−0.9%	Cons. · Japanese GAAP
FYE Mar 2026	213	+9.2%	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 ¥163bn

CAGR · 10 yrs +5.0%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	105	n/a	Cons. · Japanese GAAP
FYE Mar 2018	90.9	−13.8%	Cons. · Japanese GAAP
FYE Mar 2019	111	+22.0%	Cons. · Japanese GAAP
FYE Mar 2020	108	−2.7%	Cons. · Japanese GAAP
FYE Mar 2021	118	+9.2%	Cons. · Japanese GAAP
FYE Mar 2022	111	−5.6%	Cons. · Japanese GAAP
FYE Mar 2023	121	+8.5%	Cons. · Japanese GAAP
FYE Mar 2024	154	+27.6%	Cons. · Japanese GAAP
FYE Mar 2025	167	+8.7%	Cons. · Japanese GAAP
FYE Mar 2026	163	−2.6%	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 ¥55bn

CAGR · 10 yrs +3.5%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	40.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	32.7	−18.3%	Cons. · Japanese GAAP
FYE Mar 2019	41.9	+28.2%	Cons. · Japanese GAAP
FYE Mar 2020	32.0	−23.5%	Cons. · Japanese GAAP
FYE Mar 2021	40.8	+27.3%	Cons. · Japanese GAAP
FYE Mar 2022	40.6	−0.4%	Cons. · Japanese GAAP
FYE Mar 2023	71.6	+76.4%	Cons. · Japanese GAAP
FYE Mar 2024	68.4	−4.5%	Cons. · Japanese GAAP
FYE Mar 2025	53.0	−22.4%	Cons. · Japanese GAAP
FYE Mar 2026	54.7	+3.1%	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 ¥108bn

CAGR · 10 yrs +5.8%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	65.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	58.2	−11.1%	Cons. · Japanese GAAP
FYE Mar 2019	69.0	+18.6%	Cons. · Japanese GAAP
FYE Mar 2020	75.9	+9.9%	Cons. · Japanese GAAP
FYE Mar 2021	77.0	+1.6%	Cons. · Japanese GAAP
FYE Mar 2022	70.7	−8.3%	Cons. · Japanese GAAP
FYE Mar 2023	49.1	−30.5%	Cons. · Japanese GAAP
FYE Mar 2024	85.6	+74.4%	Cons. · Japanese GAAP
FYE Mar 2025	114	+33.5%	Cons. · Japanese GAAP
FYE Mar 2026	108	−5.2%	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 +8.5%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	40.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.0	−25.0%	Cons. · Japanese GAAP
FYE Mar 2019	40.0	+33.3%	Cons. · Japanese GAAP
FYE Mar 2020	55.0	+37.5%	Cons. · Japanese GAAP
FYE Mar 2021	55.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2022	55.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2023	75.0	+36.4%	Cons. · Japanese GAAP
FYE Mar 2024	75.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2025	77.0	+2.7%	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 ¥4.8bn

CAGR · 10 yrs +1.6%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	4.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.0	−4.8%	Cons. · Japanese GAAP
FYE Mar 2019	3.7	−8.3%	Cons. · Japanese GAAP
FYE Mar 2020	4.6	+27.0%	Cons. · Japanese GAAP
FYE Mar 2021	4.7	+0.7%	Cons. · Japanese GAAP
FYE Mar 2022	4.3	−7.9%	Cons. · Japanese GAAP
FYE Mar 2023	4.6	+7.6%	Cons. · Japanese GAAP
FYE Mar 2024	4.7	+0.8%	Cons. · Japanese GAAP
FYE Mar 2025	5.0	+7.8%	Cons. · Japanese GAAP
FYE Mar 2026	4.8	−3.7%	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 34.0%

Average · 10 yrs 35.8%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	37.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	40.5	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2019	38.3	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2020	36.4	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2021	37.8	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2022	37.6	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	32.2	−5.4pp	Cons. · Japanese GAAP
FYE Mar 2024	32.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	31.6	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	34.0	+2.4pp	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 76.4%

Average · 10 yrs 66.1%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	62.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	50.3	−12.5pp	Cons. · Japanese GAAP
FYE Mar 2019	62.8	+12.5pp	Cons. · Japanese GAAP
FYE Mar 2020	60.6	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2021	63.4	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2022	57.1	−6.3pp	Cons. · Japanese GAAP
FYE Mar 2023	63.7	+6.6pp	Cons. · Japanese GAAP
FYE Mar 2024	78.2	+14.5pp	Cons. · Japanese GAAP
FYE Mar 2025	85.7	+7.5pp	Cons. · Japanese GAAP
FYE Mar 2026	76.4	−9.3pp	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 5.2%

Average · 10 yrs 3.6%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	5.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.2	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2019	-0.3	−7.6pp	Cons. · Japanese GAAP
FYE Mar 2020	7.7	+8.1pp	Cons. · Japanese GAAP
FYE Mar 2021	2.3	−5.5pp	Cons. · Japanese GAAP
FYE Mar 2022	6.6	+4.3pp	Cons. · Japanese GAAP
FYE Mar 2023	-0.3	−6.9pp	Cons. · Japanese GAAP
FYE Mar 2024	1.2	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2025	1.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	5.2	+4.2pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 1.8%

Average · 10 yrs 1.3%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	2.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.9	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	-0.1	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2020	2.8	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2021	0.9	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2022	2.5	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	-0.1	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2024	0.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	0.3	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	1.8	+1.5pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.67×

CAGR · 10 yrs −0.9%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.73	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.74	+1.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.73	−1.8%	Cons. · Japanese GAAP
FYE Mar 2020	0.69	−4.9%	Cons. · Japanese GAAP
FYE Mar 2021	0.69	−1.1%	Cons. · Japanese GAAP
FYE Mar 2022	0.73	+5.6%	Cons. · Japanese GAAP
FYE Mar 2023	0.68	−6.4%	Cons. · Japanese GAAP
FYE Mar 2024	0.68	+0.5%	Cons. · Japanese GAAP
FYE Mar 2025	0.68	+0.1%	Cons. · Japanese GAAP
FYE Mar 2026	0.67	−1.7%	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 ¥45bn

CAGR · 10 yrs +5.9%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	26.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.4	−16.8%	Cons. · Japanese GAAP
FYE Mar 2019	7.8	−64.9%	Cons. · Japanese GAAP
FYE Mar 2020	44.3	+464.6%	Cons. · Japanese GAAP
FYE Mar 2021	35.0	−20.8%	Cons. · Japanese GAAP
FYE Mar 2022	17.1	−51.2%	Cons. · Japanese GAAP
FYE Mar 2023	7.8	−54.4%	Cons. · Japanese GAAP
FYE Mar 2024	21.6	+176.9%	Cons. · Japanese GAAP
FYE Mar 2025	30.1	+39.5%	Cons. · Japanese GAAP
FYE Mar 2026	45.0	+49.5%	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 -¥27bn

Average · 10 yrs -¥30bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-14.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-1.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-24.3	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-39.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-31.7	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-24.6	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-36.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-58.8	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-46.4	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-27.1	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 -¥17bn

Average · 10 yrs ¥5.0bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-27.8	n/a	Cons. · Japanese GAAP
FYE Mar 2019	12.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-1.8	−114.3%	Cons. · Japanese GAAP
FYE Mar 2021	5.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-1.7	−132.4%	Cons. · Japanese GAAP
FYE Mar 2023	61.3	n/a	Cons. · Japanese GAAP
FYE Mar 2024	8.3	−86.5%	Cons. · Japanese GAAP
FYE Mar 2025	10.5	+27.0%	Cons. · Japanese GAAP
FYE Mar 2026	-16.5	−257.3%	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 ¥30bn

CAGR · 10 yrs −0.7%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	32.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.9	−19.6%	Cons. · Japanese GAAP
FYE Mar 2019	22.2	−14.3%	Cons. · Japanese GAAP
FYE Mar 2020	25.1	+13.2%	Cons. · Japanese GAAP
FYE Mar 2021	34.5	+37.6%	Cons. · Japanese GAAP
FYE Mar 2022	26.4	−23.4%	Cons. · Japanese GAAP
FYE Mar 2023	60.2	+127.8%	Cons. · Japanese GAAP
FYE Mar 2024	33.3	−44.7%	Cons. · Japanese GAAP
FYE Mar 2025	27.4	−17.7%	Cons. · Japanese GAAP
FYE Mar 2026	30.1	+9.8%	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 ¥18bn

CAGR · 10 yrs +3.9%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	12.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.2	+66.2%	Cons. · Japanese GAAP
FYE Mar 2019	-16.4	−177.7%	Cons. · Japanese GAAP
FYE Mar 2020	5.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	3.4	−33.5%	Cons. · Japanese GAAP
FYE Mar 2022	-7.5	−324.2%	Cons. · Japanese GAAP
FYE Mar 2023	-28.2	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-37.2	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-16.3	n/a	Cons. · Japanese GAAP
FYE Mar 2026	18.0	n/a	Cons. · Japanese GAAP

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

Operating cash flow margin

FYE Mar 2026 10.7%

Average · 10 yrs 7.0%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	8.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.8	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	2.3	−4.4pp	Cons. · Japanese GAAP
FYE Mar 2020	13.0	+10.7pp	Cons. · Japanese GAAP
FYE Mar 2021	10.4	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2022	4.6	−5.8pp	Cons. · Japanese GAAP
FYE Mar 2023	1.9	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2024	5.2	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2025	7.1	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2026	10.7	+3.5pp	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 -¥133bn

Average · 10 yrs -¥93bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-73.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-65.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-88.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-82.8	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-83.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-84.8	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-60.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-121	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-140	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-133	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 ¥117bn

Change · 8 yrs −¥55bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	172	n/a
FYE Mar 2018	187	n/a
FYE Mar 2019	n/a	n/a
FYE Mar 2020	102	n/a
FYE Mar 2021	127	n/a
FYE Mar 2022	97.3	n/a
FYE Mar 2023	n/a	n/a
FYE Mar 2024	100	n/a
FYE Mar 2025	83.9	n/a
FYE Mar 2026	117	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 1,317¥

Change · 8 yrs +1,124¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	193	n/a
FYE Mar 2018	2,100	n/a
FYE Mar 2019	n/a	n/a
FYE Mar 2020	1,143	n/a
FYE Mar 2021	1,424	n/a
FYE Mar 2022	1,093	n/a
FYE Mar 2023	n/a	n/a
FYE Mar 2024	1,127	n/a
FYE Mar 2025	942	n/a
FYE Mar 2026	1,317	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 89,048,000shares

Change · 10 yrs −801,439,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	890,487,000	Parent
FYE Mar 2018	89,048,000	Parent
FYE Mar 2019	89,048,000	Parent
FYE Mar 2020	89,048,000	Parent
FYE Mar 2021	89,048,000	Parent
FYE Mar 2022	89,048,000	Parent
FYE Mar 2023	89,048,000	Parent
FYE Mar 2024	89,048,000	Parent
FYE Mar 2025	89,048,000	Parent
FYE Mar 2026	89,048,000	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 126.65¥

Change · 10 yrs +20.27¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	106.38	Cons.
FYE Mar 2018	146.93	Cons.
FYE Mar 2019	-6.80	Cons.
FYE Mar 2020	155.12	Cons.
FYE Mar 2021	47.30	Cons.
FYE Mar 2022	144.75	Cons.
FYE Mar 2023	-7.37	Cons.
FYE Mar 2024	27.87	Cons.
FYE Mar 2025	22.73	Cons.
FYE Mar 2026	126.65	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 2,395.49¥

Change · 10 yrs +2,207.09¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	188.41	Cons. · Japanese GAAP
FYE Mar 2018	2,027.68	Cons. · Japanese GAAP
FYE Mar 2019	1,983.03	Cons. · Japanese GAAP
FYE Mar 2020	1,997.69	Cons. · Japanese GAAP
FYE Mar 2021	2,085.72	Cons. · Japanese GAAP
FYE Mar 2022	2,188.44	Cons. · Japanese GAAP
FYE Mar 2023	2,129.05	Cons. · Japanese GAAP
FYE Mar 2024	2,212.66	Cons. · Japanese GAAP
FYE Mar 2025	2,193.33	Cons. · Japanese GAAP
FYE Mar 2026	2,395.49	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 10.40×

Average · 8 yrs 21.22×

Fiscal year	PER ×	Basis
FYE Mar 2017	18.14	Cons.
FYE Mar 2018	14.29	Cons.
FYE Mar 2019	n/a	Cons.
FYE Mar 2020	7.37	Cons.
FYE Mar 2021	30.11	Cons.
FYE Mar 2022	7.55	Cons.
FYE Mar 2023	n/a	Cons.
FYE Mar 2024	40.44	Cons.
FYE Mar 2025	41.45	Cons.
FYE Mar 2026	10.40	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 0.54×

Average · 8 yrs 0.66×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.02	Cons.
FYE Mar 2018	1.03	Cons.
FYE Mar 2019	n/a	Cons.
FYE Mar 2020	0.57	Cons.
FYE Mar 2021	0.68	Cons.
FYE Mar 2022	0.50	Cons.
FYE Mar 2023	n/a	Cons.
FYE Mar 2024	0.50	Cons.
FYE Mar 2025	0.43	Cons.
FYE Mar 2026	0.54	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 9,398people

Change · 10 yrs +183 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	9,215	n/a	Cons.
FYE Mar 2018	9,494	+3.0%	Cons.
FYE Mar 2019	9,572	+0.8%	Cons.
FYE Mar 2020	10,073	+5.2%	Cons.
FYE Mar 2021	10,149	+0.8%	Cons.
FYE Mar 2022	10,503	+3.5%	Cons.
FYE Mar 2023	10,885	+3.6%	Cons.
FYE Mar 2024	10,668	−2.0%	Cons.
FYE Mar 2025	9,976	−6.5%	Cons.
FYE Mar 2026	9,398	−5.8%	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 2,885people

Change · 10 yrs −136 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	3,021	n/a	Parent
FYE Mar 2018	3,080	+2.0%	Parent
FYE Mar 2019	3,108	+0.9%	Parent
FYE Mar 2020	3,181	+2.3%	Parent
FYE Mar 2021	3,365	+5.8%	Parent
FYE Mar 2022	3,831	+13.8%	Parent
FYE Mar 2023	4,015	+4.8%	Parent
FYE Mar 2024	3,063	−23.7%	Parent
FYE Mar 2025	3,030	−1.1%	Parent
FYE Mar 2026	2,885	−4.8%	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 ¥6.9m

Change · 10 yrs +¥0.5m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	6.3	n/a	Parent
FYE Mar 2018	6.3	−0.3%	Parent
FYE Mar 2019	6.4	+0.8%	Parent
FYE Mar 2020	6.3	−0.9%	Parent
FYE Mar 2021	6.3	−0.4%	Parent
FYE Mar 2022	6.5	+3.3%	Parent
FYE Mar 2023	6.3	−2.5%	Parent
FYE Mar 2024	6.1	−3.0%	Parent
FYE Mar 2025	6.4	+4.4%	Parent
FYE Mar 2026	6.9	+6.7%	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 40.1years

Change · 8 yrs −0.9 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	41.0	n/a	Parent
FYE Mar 2020	41.3	+0.7%	Parent
FYE Mar 2021	41.3	−0.0%	Parent
FYE Mar 2022	41.2	−0.2%	Parent
FYE Mar 2023	40.9	−0.7%	Parent
FYE Mar 2024	40.1	−2.0%	Parent
FYE Mar 2025	40.0	−0.2%	Parent
FYE Mar 2026	40.1	+0.3%	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 14.2years

Change · 10 yrs −3.2 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	17.4	n/a	Parent
FYE Mar 2018	17.4	−0.0%	Parent
FYE Mar 2019	17.3	−0.6%	Parent
FYE Mar 2020	17.4	+0.6%	Parent
FYE Mar 2021	17.0	−2.3%	Parent
FYE Mar 2022	15.2	−10.6%	Parent
FYE Mar 2023	14.7	−3.3%	Parent
FYE Mar 2024	13.4	−8.8%	Parent
FYE Mar 2025	13.9	+3.7%	Parent
FYE Mar 2026	14.2	+2.2%	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 1,643people

Change · 10 yrs +330 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	1,313	n/a	n/a
FYE Mar 2018	1,425	+8.5%	n/a
FYE Mar 2019	1,337	−6.2%	n/a
FYE Mar 2020	1,399	+4.6%	n/a
FYE Mar 2021	1,107	−20.9%	n/a
FYE Mar 2022	1,326	+19.8%	n/a
FYE Mar 2023	1,575	+18.8%	n/a
FYE Mar 2024	1,472	−6.5%	n/a
FYE Mar 2025	1,479	+0.5%	n/a
FYE Mar 2026	1,643	+11.1%	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 ¥44.9m

Change · 10 yrs +¥9.1m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	35.8	n/a	Cons.
FYE Mar 2018	34.9	−2.4%	Cons.
FYE Mar 2019	35.2	+0.8%	Cons.
FYE Mar 2020	33.7	−4.2%	Cons.
FYE Mar 2021	33.2	−1.4%	Cons.
FYE Mar 2022	35.8	+7.6%	Cons.
FYE Mar 2023	36.7	+2.7%	Cons.
FYE Mar 2024	38.8	+5.7%	Cons.
FYE Mar 2025	42.3	+8.9%	Cons.
FYE Mar 2026	44.9	+6.0%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥3.0m

Change · 10 yrs +¥0.4m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.5	n/a	Cons.
FYE Mar 2018	2.5	−0.5%	Cons.
FYE Mar 2019	2.3	−9.9%	Cons.
FYE Mar 2020	2.3	−0.3%	Cons.
FYE Mar 2021	2.6	+16.1%	Cons.
FYE Mar 2022	2.7	+3.1%	Cons.
FYE Mar 2023	0.9	−65.8%	Cons.
FYE Mar 2024	0.8	−8.8%	Cons.
FYE Mar 2025	1.7	+98.0%	Cons.
FYE Mar 2026	3.0	+77.9%	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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