Financials

Kurabo Industries: FYE Mar 2026 and ten years of results (49 metrics)

FYE Mar 2026 · Revenue¥144bnYoY −4.6%

FYE Mar 2026 · Operating profit¥9.2bnYoY −10.9%

FYE Mar 2026 · Net profit¥13bnYoY +42.8%

FYE Mar 2026 · Equity ratio65.5%YoY +2.6pp

FYE Mar 2026 · Group employees3,714YoY −167

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥162bn	n/a	¥6.2bn	n/a	3.8%	¥3.6bn	Fujita Haruya	Tokushima biomass power plant built
FYE Mar 2018Consolidated	¥162bn	−0.0%	¥6.9bn	+11.6%	4.3%	¥4.9bn	Fujita Haruya	—
FYE Mar 2019Consolidated	¥157bn	−2.9%	¥5.6bn	−18.0%	3.6%	¥4.6bn	Fujita Haruya	Kumamoto works opens, supplying Tokyo Electron Kyushu
FYE Mar 2020Consolidated	¥143bn	−9.0%	¥4.5bn	−19.5%	3.2%	¥3.7bn	Fujita Haruya	—
FYE Mar 2021Consolidated	¥122bn	−14.5%	¥3.2bn	−29.4%	2.6%	¥2.2bn	Fujita Haruya	Structural reform of textiles resolved; Marugame plant to close
FYE Mar 2022Consolidated	¥132bn	+8.2%	¥7.5bn	+134.8%	5.7%	¥5.6bn	Fujita Haruya	—
FYE Mar 2023Consolidated	¥154bn	+16.1%	¥8.7bn	+15.2%	5.7%	¥5.5bn	Fujita Haruya	Moves to the Prime Market of the Tokyo Stock Exchange
FYE Mar 2024Consolidated	¥151bn	−1.4%	¥9.2bn	+5.9%	6.1%	¥6.7bn	Fujita Haruya	—
FYE Mar 2025Consolidated	¥151bn	−0.4%	¥10bn	+12.2%	6.8%	¥9.0bn	Fujita Haruya	Kurashiki Machinery sold to DMG Mori; <a class="en-history_person" href="/tse/3106/executives/ceo/nishigaki-shinji/" hreflang="ja">Nishigaki Shinji</a> becomes president
FYE Mar 2026Consolidated	¥144bn	−4.6%	¥9.2bn	−10.9%	6.4%	¥13bn	Nishigaki Shinji	Guangzhou urethane subsidiary transferred; closure of the Anjo plant decided

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%

Maedakousen¥64bnFY2025Operating margin 18.8%

Fujibo Holdings¥46bnFY2025Operating margin 17.7%

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 ¥144bn

CAGR · 10 yrs −1.3%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	162	n/a	Cons. · Japanese GAAP
FYE Mar 2018	162	−0.0%	Cons. · Japanese GAAP
FYE Mar 2019	157	−2.9%	Cons. · Japanese GAAP
FYE Mar 2020	143	−9.0%	Cons. · Japanese GAAP
FYE Mar 2021	122	−14.5%	Cons. · Japanese GAAP
FYE Mar 2022	132	+8.2%	Cons. · Japanese GAAP
FYE Mar 2023	154	+16.1%	Cons. · Japanese GAAP
FYE Mar 2024	151	−1.4%	Cons. · Japanese GAAP
FYE Mar 2025	151	−0.4%	Cons. · Japanese GAAP
FYE Mar 2026	144	−4.6%	Cons. · Japanese GAAP

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

Cost of sales

FYE Mar 2026 ¥113bn

CAGR · 10 yrs −1.9%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	134	n/a	Cons. · Japanese GAAP
FYE Mar 2018	134	−0.3%	Cons. · Japanese GAAP
FYE Mar 2019	130	−2.9%	Cons. · Japanese GAAP
FYE Mar 2020	117	−9.8%	Cons. · Japanese GAAP
FYE Mar 2021	99.8	−14.9%	Cons. · Japanese GAAP
FYE Mar 2022	105	+5.1%	Cons. · Japanese GAAP
FYE Mar 2023	124	+18.3%	Cons. · Japanese GAAP
FYE Mar 2024	121	−2.5%	Cons. · Japanese GAAP
FYE Mar 2025	119	−1.6%	Cons. · Japanese GAAP
FYE Mar 2026	113	−5.1%	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 ¥31bn

CAGR · 10 yrs +1.3%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	27.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.7	+1.2%	Cons. · Japanese GAAP
FYE Mar 2019	27.0	−2.7%	Cons. · Japanese GAAP
FYE Mar 2020	25.6	−5.2%	Cons. · Japanese GAAP
FYE Mar 2021	22.4	−12.5%	Cons. · Japanese GAAP
FYE Mar 2022	27.4	+22.2%	Cons. · Japanese GAAP
FYE Mar 2023	29.4	+7.7%	Cons. · Japanese GAAP
FYE Mar 2024	30.3	+3.0%	Cons. · Japanese GAAP
FYE Mar 2025	31.7	+4.4%	Cons. · Japanese GAAP
FYE Mar 2026	30.9	−2.5%	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 ¥22bn

CAGR · 10 yrs +0.2%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	21.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.9	−1.9%	Cons. · Japanese GAAP
FYE Mar 2019	21.4	+2.3%	Cons. · Japanese GAAP
FYE Mar 2020	21.0	−1.5%	Cons. · Japanese GAAP
FYE Mar 2021	19.2	−8.9%	Cons. · Japanese GAAP
FYE Mar 2022	19.8	+3.4%	Cons. · Japanese GAAP
FYE Mar 2023	20.8	+4.8%	Cons. · Japanese GAAP
FYE Mar 2024	21.1	+1.8%	Cons. · Japanese GAAP
FYE Mar 2025	21.3	+1.0%	Cons. · Japanese GAAP
FYE Mar 2026	21.7	+1.6%	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 ¥9.2bn

CAGR · 10 yrs +4.5%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	6.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.9	+11.6%	Cons. · Japanese GAAP
FYE Mar 2019	5.6	−18.0%	Cons. · Japanese GAAP
FYE Mar 2020	4.5	−19.5%	Cons. · Japanese GAAP
FYE Mar 2021	3.2	−29.4%	Cons. · Japanese GAAP
FYE Mar 2022	7.5	+134.8%	Cons. · Japanese GAAP
FYE Mar 2023	8.7	+15.2%	Cons. · Japanese GAAP
FYE Mar 2024	9.2	+5.9%	Cons. · Japanese GAAP
FYE Mar 2025	10.3	+12.2%	Cons. · Japanese GAAP
FYE Mar 2026	9.2	−10.9%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥2.5bn

CAGR · 10 yrs +6.1%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.4	−8.2%	Cons. · Japanese GAAP
FYE Mar 2019	1.5	+14.4%	Cons. · Japanese GAAP
FYE Mar 2020	1.8	+19.0%	Cons. · Japanese GAAP
FYE Mar 2021	1.9	+2.6%	Cons. · Japanese GAAP
FYE Mar 2022	2.1	+10.6%	Cons. · Japanese GAAP
FYE Mar 2023	2.3	+8.2%	Cons. · Japanese GAAP
FYE Mar 2024	1.9	−17.2%	Cons. · Japanese GAAP
FYE Mar 2025	2.1	+10.3%	Cons. · Japanese GAAP
FYE Mar 2026	2.5	+21.7%	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 ¥0.6bn

CAGR · 10 yrs −5.7%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.9	−17.5%	Cons. · Japanese GAAP
FYE Mar 2019	1.0	+14.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.9	−9.8%	Cons. · Japanese GAAP
FYE Mar 2021	0.9	−5.0%	Cons. · Japanese GAAP
FYE Mar 2022	0.8	−2.2%	Cons. · Japanese GAAP
FYE Mar 2023	0.9	+9.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.9	−4.8%	Cons. · Japanese GAAP
FYE Mar 2025	0.6	−31.8%	Cons. · Japanese GAAP
FYE Mar 2026	0.6	+5.1%	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 ¥11bn

CAGR · 10 yrs +6.0%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	6.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.4	+11.8%	Cons. · Japanese GAAP
FYE Mar 2019	6.2	−15.9%	Cons. · Japanese GAAP
FYE Mar 2020	5.5	−11.4%	Cons. · Japanese GAAP
FYE Mar 2021	4.2	−22.7%	Cons. · Japanese GAAP
FYE Mar 2022	8.8	+107.0%	Cons. · Japanese GAAP
FYE Mar 2023	10.0	+14.1%	Cons. · Japanese GAAP
FYE Mar 2024	10.2	+1.7%	Cons. · Japanese GAAP
FYE Mar 2025	11.8	+15.6%	Cons. · Japanese GAAP
FYE Mar 2026	11.1	−6.1%	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 ¥7.4bn

CAGR · 10 yrs +60.5%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.2	+105.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.7	+202.3%	Cons. · Japanese GAAP
FYE Mar 2020	0.9	+39.5%	Cons. · Japanese GAAP
FYE Mar 2021	2.0	+115.9%	Cons. · Japanese GAAP
FYE Mar 2022	0.5	−73.3%	Cons. · Japanese GAAP
FYE Mar 2023	0.6	+19.2%	Cons. · Japanese GAAP
FYE Mar 2024	1.7	+171.3%	Cons. · Japanese GAAP
FYE Mar 2025	3.9	+131.3%	Cons. · Japanese GAAP
FYE Mar 2026	7.4	+89.1%	Cons. · Japanese GAAP

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

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥13bn

CAGR · 10 yrs +15.3%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	3.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.9	+35.7%	Cons. · Japanese GAAP
FYE Mar 2019	4.6	−4.5%	Cons. · Japanese GAAP
FYE Mar 2020	3.7	−19.7%	Cons. · Japanese GAAP
FYE Mar 2021	2.2	−40.8%	Cons. · Japanese GAAP
FYE Mar 2022	5.6	+153.6%	Cons. · Japanese GAAP
FYE Mar 2023	5.5	−1.5%	Cons. · Japanese GAAP
FYE Mar 2024	6.7	+22.2%	Cons. · Japanese GAAP
FYE Mar 2025	9.0	+33.8%	Cons. · Japanese GAAP
FYE Mar 2026	12.9	+42.8%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 21.5%

Average · 10 yrs 19.0%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	17.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	17.2	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	17.9	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	18.3	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	20.7	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2023	19.2	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2024	20.0	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	21.0	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	21.5	+0.5pp	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 6.4%

Average · 10 yrs 4.8%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	3.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.3	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	3.6	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	3.2	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	2.6	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	5.7	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2023	5.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	6.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	6.8	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	6.4	−0.5pp	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 7.7%

Average · 10 yrs 5.5%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	4.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.5	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	3.9	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	3.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	3.5	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	6.6	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2023	6.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	6.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	7.8	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	7.7	−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 9.0%

Average · 10 yrs 4.0%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.0	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	3.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	2.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	1.8	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	4.2	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2023	3.6	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	4.5	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	6.0	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2026	9.0	+3.0pp	Cons. · Japanese GAAP

Definition: The share of revenue left after everything
Formula: Net profit ÷ revenue
Source: Securities report (XBRL)

Cost-of-sales ratio

FYE Mar 2026 78.5%

Average · 10 yrs 81.0%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	83.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	82.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	82.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	82.1	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	81.7	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	79.3	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2023	80.8	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2024	80.0	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	79.0	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	78.5	−0.5pp	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 15.1%

Average · 10 yrs 14.2%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	13.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.9	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	13.6	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	14.7	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2021	15.7	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	15.0	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	13.5	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2024	14.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	14.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	15.1	+0.9pp	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 ¥202bn

CAGR · 10 yrs +1.2%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	182	n/a	Cons. · Japanese GAAP
FYE Mar 2018	183	+1.0%	Cons. · Japanese GAAP
FYE Mar 2019	176	−3.8%	Cons. · Japanese GAAP
FYE Mar 2020	166	−6.1%	Cons. · Japanese GAAP
FYE Mar 2021	170	+3.0%	Cons. · Japanese GAAP
FYE Mar 2022	167	−1.8%	Cons. · Japanese GAAP
FYE Mar 2023	174	+4.1%	Cons. · Japanese GAAP
FYE Mar 2024	193	+10.7%	Cons. · Japanese GAAP
FYE Mar 2025	191	−1.2%	Cons. · Japanese GAAP
FYE Mar 2026	202	+5.9%	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 ¥132bn

CAGR · 10 yrs +4.0%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	93.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	96.9	+4.2%	Cons. · Japanese GAAP
FYE Mar 2019	92.5	−4.5%	Cons. · Japanese GAAP
FYE Mar 2020	89.0	−3.8%	Cons. · Japanese GAAP
FYE Mar 2021	93.4	+5.0%	Cons. · Japanese GAAP
FYE Mar 2022	96.0	+2.8%	Cons. · Japanese GAAP
FYE Mar 2023	101	+5.5%	Cons. · Japanese GAAP
FYE Mar 2024	117	+15.3%	Cons. · Japanese GAAP
FYE Mar 2025	120	+2.5%	Cons. · Japanese GAAP
FYE Mar 2026	132	+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 ¥7.0bn

CAGR · 10 yrs −12.2%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	22.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.7	−12.3%	Cons. · Japanese GAAP
FYE Mar 2019	19.5	−0.6%	Cons. · Japanese GAAP
FYE Mar 2020	21.0	+7.4%	Cons. · Japanese GAAP
FYE Mar 2021	22.2	+5.6%	Cons. · Japanese GAAP
FYE Mar 2022	12.4	−44.2%	Cons. · Japanese GAAP
FYE Mar 2023	14.6	+17.7%	Cons. · Japanese GAAP
FYE Mar 2024	11.6	−20.0%	Cons. · Japanese GAAP
FYE Mar 2025	10.4	−11.1%	Cons. · Japanese GAAP
FYE Mar 2026	7.0	−32.7%	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 ¥6.1bn

CAGR · 10 yrs −11.8%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	18.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.9	−10.1%	Cons. · Japanese GAAP
FYE Mar 2019	17.3	+2.1%	Cons. · Japanese GAAP
FYE Mar 2020	18.7	+8.3%	Cons. · Japanese GAAP
FYE Mar 2021	18.7	−0.1%	Cons. · Japanese GAAP
FYE Mar 2022	8.9	−52.6%	Cons. · Japanese GAAP
FYE Mar 2023	13.0	+46.7%	Cons. · Japanese GAAP
FYE Mar 2024	9.3	−28.2%	Cons. · Japanese GAAP
FYE Mar 2025	8.0	−14.2%	Cons. · Japanese GAAP
FYE Mar 2026	6.1	−24.0%	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 ¥0.9bn

CAGR · 10 yrs −14.3%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	3.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.7	−23.5%	Cons. · Japanese GAAP
FYE Mar 2019	2.2	−17.6%	Cons. · Japanese GAAP
FYE Mar 2020	2.3	+0.8%	Cons. · Japanese GAAP
FYE Mar 2021	3.5	+52.4%	Cons. · Japanese GAAP
FYE Mar 2022	3.5	+1.2%	Cons. · Japanese GAAP
FYE Mar 2023	1.6	−55.6%	Cons. · Japanese GAAP
FYE Mar 2024	2.3	+48.7%	Cons. · Japanese GAAP
FYE Mar 2025	2.4	+1.7%	Cons. · Japanese GAAP
FYE Mar 2026	0.9	−62.3%	Cons. · Japanese GAAP

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

Intangible assets

FYE Mar 2026 ¥1.4bn

CAGR · 10 yrs +8.8%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.6	−3.1%	Cons. · Japanese GAAP
FYE Mar 2019	1.0	+52.2%	Cons. · Japanese GAAP
FYE Mar 2020	1.2	+25.2%	Cons. · Japanese GAAP
FYE Mar 2021	1.4	+10.6%	Cons. · Japanese GAAP
FYE Mar 2022	1.4	+1.0%	Cons. · Japanese GAAP
FYE Mar 2023	1.4	+5.0%	Cons. · Japanese GAAP
FYE Mar 2024	1.7	+18.7%	Cons. · Japanese GAAP
FYE Mar 2025	1.5	−10.7%	Cons. · Japanese GAAP
FYE Mar 2026	1.4	−6.9%	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 65.5%

Average · 10 yrs 57.0%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	51.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	52.8	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2019	52.5	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	53.7	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	54.8	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	57.4	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2023	58.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	60.6	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2025	62.9	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2026	65.5	+2.6pp	Cons. · Japanese GAAP

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

Debt-to-equity ratio D/E ratio

FYE Mar 2026 5.3%

Average · 10 yrs 16.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	24.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.3	−3.8pp	Cons. · Japanese GAAP
FYE Mar 2019	21.1	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	23.6	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2021	23.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	12.9	−10.8pp	Cons. · Japanese GAAP
FYE Mar 2023	14.4	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2024	10.0	−4.4pp	Cons. · Japanese GAAP
FYE Mar 2025	8.6	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2026	5.3	−3.4pp	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 9.7%

Average · 10 yrs 5.5%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	3.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.0	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	5.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	4.2	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	2.4	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2022	5.8	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2023	5.4	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	5.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	7.5	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2026	9.7	+2.2pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 6.4%

Average · 10 yrs 3.2%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.7	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	2.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	2.3	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	1.3	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	3.3	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2023	3.2	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	3.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	4.7	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	6.4	+1.6pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.71×

CAGR · 10 yrs −2.5%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.89	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.88	−1.0%	Cons. · Japanese GAAP
FYE Mar 2019	0.89	+1.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.86	−3.1%	Cons. · Japanese GAAP
FYE Mar 2021	0.72	−17.0%	Cons. · Japanese GAAP
FYE Mar 2022	0.79	+10.2%	Cons. · Japanese GAAP
FYE Mar 2023	0.88	+11.6%	Cons. · Japanese GAAP
FYE Mar 2024	0.78	−11.0%	Cons. · Japanese GAAP
FYE Mar 2025	0.79	+0.7%	Cons. · Japanese GAAP
FYE Mar 2026	0.71	−9.9%	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 ¥15bn

CAGR · 10 yrs +3.4%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	10.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.1	+31.3%	Cons. · Japanese GAAP
FYE Mar 2019	9.2	−34.7%	Cons. · Japanese GAAP
FYE Mar 2020	8.1	−12.6%	Cons. · Japanese GAAP
FYE Mar 2021	8.1	+0.1%	Cons. · Japanese GAAP
FYE Mar 2022	9.2	+14.5%	Cons. · Japanese GAAP
FYE Mar 2023	2.5	−72.8%	Cons. · Japanese GAAP
FYE Mar 2024	12.9	+411.3%	Cons. · Japanese GAAP
FYE Mar 2025	11.0	−14.1%	Cons. · Japanese GAAP
FYE Mar 2026	14.6	+32.0%	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 ¥1.4bn

Average · 10 yrs -¥2.9bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-5.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-3.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-3.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-3.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	1.4	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 -¥16bn

Average · 10 yrs -¥7.6bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-8.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-4.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-4.7	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-1.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-14.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-3.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-9.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-15.8	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 ¥15bn

CAGR · 10 yrs −0.7%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	16.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.4	+23.9%	Cons. · Japanese GAAP
FYE Mar 2019	19.2	−6.1%	Cons. · Japanese GAAP
FYE Mar 2020	18.7	−2.3%	Cons. · Japanese GAAP
FYE Mar 2021	22.1	+17.8%	Cons. · Japanese GAAP
FYE Mar 2022	14.1	−36.2%	Cons. · Japanese GAAP
FYE Mar 2023	10.4	−26.4%	Cons. · Japanese GAAP
FYE Mar 2024	16.1	+55.6%	Cons. · Japanese GAAP
FYE Mar 2025	15.2	−6.0%	Cons. · Japanese GAAP
FYE Mar 2026	15.5	+2.2%	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 +9.5%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	7.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.4	+47.9%	Cons. · Japanese GAAP
FYE Mar 2019	3.5	−66.3%	Cons. · Japanese GAAP
FYE Mar 2020	4.2	+19.7%	Cons. · Japanese GAAP
FYE Mar 2021	4.8	+14.3%	Cons. · Japanese GAAP
FYE Mar 2022	5.9	+22.7%	Cons. · Japanese GAAP
FYE Mar 2023	-0.5	−107.7%	Cons. · Japanese GAAP
FYE Mar 2024	12.5	n/a	Cons. · Japanese GAAP
FYE Mar 2025	8.1	−35.4%	Cons. · Japanese GAAP
FYE Mar 2026	16.0	+97.9%	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 10.1%

Average · 10 yrs 6.8%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	6.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.7	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2019	5.9	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2020	5.6	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	6.6	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	7.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	1.6	−5.4pp	Cons. · Japanese GAAP
FYE Mar 2024	8.5	+6.9pp	Cons. · Japanese GAAP
FYE Mar 2025	7.3	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	10.1	+2.8pp	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 ¥8.5bn

Average · 10 yrs ¥0.7bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-5.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.8	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-0.4	−145.9%	Cons. · Japanese GAAP
FYE Mar 2020	-2.3	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2022	1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-4.2	−345.4%	Cons. · Japanese GAAP
FYE Mar 2024	4.5	n/a	Cons. · Japanese GAAP
FYE Mar 2025	4.8	+7.2%	Cons. · Japanese GAAP
FYE Mar 2026	8.5	+77.6%	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 ¥143bn

Change · 10 yrs +¥83bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	59.5	n/a
FYE Mar 2018	81.4	n/a
FYE Mar 2019	47.0	n/a
FYE Mar 2020	57.9	n/a
FYE Mar 2021	42.9	n/a
FYE Mar 2022	36.5	n/a
FYE Mar 2023	50.4	n/a
FYE Mar 2024	66.5	n/a
FYE Mar 2025	107	n/a
FYE Mar 2026	143	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 8,413¥

Change · 10 yrs +8,168¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	245	n/a
FYE Mar 2018	3,349	n/a
FYE Mar 2019	2,032	n/a
FYE Mar 2020	2,590	n/a
FYE Mar 2021	1,918	n/a
FYE Mar 2022	1,758	n/a
FYE Mar 2023	2,518	n/a
FYE Mar 2024	3,502	n/a
FYE Mar 2025	5,962	n/a
FYE Mar 2026	8,413	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 17,000,000shares

Change · 10 yrs −225,939,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	242,939,000	Parent
FYE Mar 2018	24,293,000	Parent
FYE Mar 2019	23,156,000	Parent
FYE Mar 2020	22,356,000	Parent
FYE Mar 2021	22,356,000	Parent
FYE Mar 2022	20,756,000	Parent
FYE Mar 2023	20,000,000	Parent
FYE Mar 2024	19,000,000	Parent
FYE Mar 2025	18,000,000	Parent
FYE Mar 2026	17,000,000	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 781.89¥

Change · 10 yrs +766.05¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	15.84	Cons.
FYE Mar 2018	216.08	Cons.
FYE Mar 2019	214.78	Cons.
FYE Mar 2020	178.22	Cons.
FYE Mar 2021	107.32	Cons.
FYE Mar 2022	280.35	Cons.
FYE Mar 2023	287.08	Cons.
FYE Mar 2024	362.50	Cons.
FYE Mar 2025	516.19	Cons.
FYE Mar 2026	781.89	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 7,776.06¥

Change · 10 yrs +7,393.40¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	382.66	Cons. · Japanese GAAP
FYE Mar 2018	3,988.60	Cons. · Japanese GAAP
FYE Mar 2019	3,994.65	Cons. · Japanese GAAP
FYE Mar 2020	3,980.05	Cons. · Japanese GAAP
FYE Mar 2021	4,178.07	Cons. · Japanese GAAP
FYE Mar 2022	4,625.99	Cons. · Japanese GAAP
FYE Mar 2023	5,066.75	Cons. · Japanese GAAP
FYE Mar 2024	6,149.95	Cons. · Japanese GAAP
FYE Mar 2025	6,655.89	Cons. · Japanese GAAP
FYE Mar 2026	7,776.06	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 10.76×

Average · 10 yrs 11.98×

Fiscal year	PER ×	Basis
FYE Mar 2017	15.47	Cons.
FYE Mar 2018	15.50	Cons.
FYE Mar 2019	9.46	Cons.
FYE Mar 2020	14.53	Cons.
FYE Mar 2021	17.87	Cons.
FYE Mar 2022	6.27	Cons.
FYE Mar 2023	8.77	Cons.
FYE Mar 2024	9.66	Cons.
FYE Mar 2025	11.55	Cons.
FYE Mar 2026	10.76	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 1.02×

Average · 10 yrs 0.61×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.60	Cons.
FYE Mar 2018	0.76	Cons.
FYE Mar 2019	0.47	Cons.
FYE Mar 2020	0.60	Cons.
FYE Mar 2021	0.42	Cons.
FYE Mar 2022	0.36	Cons.
FYE Mar 2023	0.47	Cons.
FYE Mar 2024	0.54	Cons.
FYE Mar 2025	0.84	Cons.
FYE Mar 2026	1.02	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 3,714people

Change · 10 yrs −928 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	4,642	n/a	Cons.
FYE Mar 2018	4,591	−1.1%	Cons.
FYE Mar 2019	4,531	−1.3%	Cons.
FYE Mar 2020	4,467	−1.4%	Cons.
FYE Mar 2021	4,313	−3.4%	Cons.
FYE Mar 2022	4,164	−3.5%	Cons.
FYE Mar 2023	4,189	+0.6%	Cons.
FYE Mar 2024	3,899	−6.9%	Cons.
FYE Mar 2025	3,881	−0.5%	Cons.
FYE Mar 2026	3,714	−4.3%	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 1,090people

Change · 10 yrs −149 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	1,239	n/a	Parent
FYE Mar 2018	1,273	+2.7%	Parent
FYE Mar 2019	1,295	+1.7%	Parent
FYE Mar 2020	1,277	−1.4%	Parent
FYE Mar 2021	1,203	−5.8%	Parent
FYE Mar 2022	1,159	−3.7%	Parent
FYE Mar 2023	1,137	−1.9%	Parent
FYE Mar 2024	1,164	+2.4%	Parent
FYE Mar 2025	1,176	+1.0%	Parent
FYE Mar 2026	1,090	−7.3%	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 639万円

Change · 8 yrs +99万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	540	n/a	Parent
FYE Mar 2020	541	+0.2%	Parent
FYE Mar 2021	552	+2.0%	Parent
FYE Mar 2022	564	+2.1%	Parent
FYE Mar 2023	571	+1.3%	Parent
FYE Mar 2024	571	−0.1%	Parent
FYE Mar 2025	587	+2.9%	Parent
FYE Mar 2026	639	+8.8%	Parent

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

Average age

FYE Mar 2026 43.2years

Change · 8 yrs +2.7 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	40.5	n/a	Parent
FYE Mar 2020	41.1	+1.5%	Parent
FYE Mar 2021	41.5	+1.0%	Parent
FYE Mar 2022	42.0	+1.2%	Parent
FYE Mar 2023	42.4	+1.0%	Parent
FYE Mar 2024	42.5	+0.2%	Parent
FYE Mar 2025	42.7	+0.5%	Parent
FYE Mar 2026	43.2	+1.2%	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 · 8 yrs +0.6 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	17.2	n/a	Parent
FYE Mar 2020	17.5	+1.7%	Parent
FYE Mar 2021	17.9	+2.3%	Parent
FYE Mar 2022	18.2	+1.7%	Parent
FYE Mar 2023	18.4	+1.1%	Parent
FYE Mar 2024	17.9	−2.7%	Parent
FYE Mar 2025	17.9	−0.0%	Parent
FYE Mar 2026	17.8	−0.6%	Parent

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

Temporary employees

FYE Mar 2026 916people

Change · 10 yrs −217 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	1,133	n/a	n/a
FYE Mar 2018	1,085	−4.2%	n/a
FYE Mar 2019	1,058	−2.5%	n/a
FYE Mar 2020	1,010	−4.5%	n/a
FYE Mar 2021	971	−3.9%	n/a
FYE Mar 2022	964	−0.7%	n/a
FYE Mar 2023	965	+0.1%	n/a
FYE Mar 2024	977	+1.2%	n/a
FYE Mar 2025	950	−2.8%	n/a
FYE Mar 2026	916	−3.6%	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 ¥38.7m

Change · 10 yrs +¥3.9m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	34.9	n/a	Cons.
FYE Mar 2018	35.2	+1.1%	Cons.
FYE Mar 2019	34.7	−1.6%	Cons.
FYE Mar 2020	32.0	−7.7%	Cons.
FYE Mar 2021	28.3	−11.5%	Cons.
FYE Mar 2022	31.8	+12.1%	Cons.
FYE Mar 2023	36.6	+15.4%	Cons.
FYE Mar 2024	38.8	+5.9%	Cons.
FYE Mar 2025	38.8	−0.0%	Cons.
FYE Mar 2026	38.7	−0.3%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥2.5m

Change · 10 yrs +¥1.1m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	1.3	n/a	Cons.
FYE Mar 2018	1.5	+12.8%	Cons.
FYE Mar 2019	1.2	−16.9%	Cons.
FYE Mar 2020	1.0	−18.3%	Cons.
FYE Mar 2021	0.7	−26.9%	Cons.
FYE Mar 2022	1.8	+143.2%	Cons.
FYE Mar 2023	2.1	+14.6%	Cons.
FYE Mar 2024	2.4	+13.8%	Cons.
FYE Mar 2025	2.7	+12.8%	Cons.
FYE Mar 2026	2.5	−6.9%	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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