Financials

Nitto Boseki: FYE Mar 2026 and ten years of results (49 metrics)

FYE Mar 2026 · Revenue¥118bnYoY +8.4%

FYE Mar 2026 · Operating profit¥21bnYoY +26.6%

FYE Mar 2026 · Net profit¥42bnYoY +225.4%

FYE Mar 2026 · Equity ratio61.3%YoY +3.2pp

FYE Mar 2026 · Group employees2,793YoY +48

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥83bn	n/a	¥11bn	n/a	13.4%	¥7.5bn	—	—
FYE Mar 2018Consolidated	¥85bn	+1.4%	¥11bn	−2.8%	12.8%	¥10bn	Tsuji Yuichi	—
FYE Mar 2019Consolidated	¥82bn	−2.6%	¥8.2bn	−24.4%	10.0%	¥8.0bn	Tsuji Yuichi	—
FYE Mar 2020Consolidated	¥86bn	+4.2%	¥8.2bn	−0.5%	9.5%	¥5.8bn	Tsuji Yuichi	Nitto Boseki (China) sold; Baotek of Taiwan made a subsidiary
FYE Mar 2021Consolidated	¥79bn	−8.2%	¥6.0bn	−26.9%	7.6%	¥8.1bn	Tsuji Yuichi	—
FYE Mar 2022Consolidated	¥84bn	+6.8%	¥7.3bn	+21.9%	8.6%	¥6.5bn	Tsuji Yuichi	<em>Big VISION 2030</em> and the FY2021–2023 mid-term plan drawn up
FYE Mar 2023Consolidated	¥88bn	+4.1%	¥4.9bn	−32.9%	5.6%	¥2.8bn	Tsuji Yuichi	Segment loss in raw fibre materials as smartphone demand slackens
FYE Mar 2024Consolidated	¥93bn	+6.5%	¥8.4bn	+71.9%	9.0%	¥7.3bn	Tsuji Yuichi	Centenary year; Nitto Beverage sold to Life Drink Company
FYE Mar 2025Consolidated	¥109bn	+16.9%	¥16bn	+96.1%	15.1%	¥13bn	Tsuji Yuichi	<a class="en-history_person" href="/tse/3110/executives/ceo/tada-hiroyuki/" hreflang="ja">Tada Hiroyuki</a> becomes president; ¥80bn four-year plan announced
FYE Mar 2026Consolidated	¥118bn	+8.4%	¥21bn	+26.6%	17.6%	¥42bn	Tada Hiroyuki	Record results; electronic materials earn over 80% of operating profit

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 ¥118bn

CAGR · 10 yrs +4.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	83.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	84.5	+1.4%	Cons. · Japanese GAAP
FYE Mar 2019	82.3	−2.6%	Cons. · Japanese GAAP
FYE Mar 2020	85.7	+4.2%	Cons. · Japanese GAAP
FYE Mar 2021	78.7	−8.2%	Cons. · Japanese GAAP
FYE Mar 2022	84.1	+6.8%	Cons. · Japanese GAAP
FYE Mar 2023	87.5	+4.1%	Cons. · Japanese GAAP
FYE Mar 2024	93.3	+6.5%	Cons. · Japanese GAAP
FYE Mar 2025	109	+16.9%	Cons. · Japanese GAAP
FYE Mar 2026	118	+8.4%	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 ¥71bn

CAGR · 10 yrs +3.2%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	53.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	54.3	+1.7%	Cons. · Japanese GAAP
FYE Mar 2019	54.6	+0.6%	Cons. · Japanese GAAP
FYE Mar 2020	57.6	+5.5%	Cons. · Japanese GAAP
FYE Mar 2021	53.1	−7.9%	Cons. · Japanese GAAP
FYE Mar 2022	55.8	+5.2%	Cons. · Japanese GAAP
FYE Mar 2023	60.3	+8.1%	Cons. · Japanese GAAP
FYE Mar 2024	62.6	+3.8%	Cons. · Japanese GAAP
FYE Mar 2025	68.7	+9.6%	Cons. · Japanese GAAP
FYE Mar 2026	70.7	+2.9%	Cons. · Japanese GAAP

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

Gross profit

FYE Mar 2026 ¥48bn

CAGR · 10 yrs +5.3%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	29.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.2	+0.9%	Cons. · Japanese GAAP
FYE Mar 2019	27.7	−8.5%	Cons. · Japanese GAAP
FYE Mar 2020	28.1	+1.6%	Cons. · Japanese GAAP
FYE Mar 2021	25.7	−8.7%	Cons. · Japanese GAAP
FYE Mar 2022	28.2	+10.0%	Cons. · Japanese GAAP
FYE Mar 2023	27.2	−3.6%	Cons. · Japanese GAAP
FYE Mar 2024	30.6	+12.5%	Cons. · Japanese GAAP
FYE Mar 2025	40.4	+31.9%	Cons. · Japanese GAAP
FYE Mar 2026	47.6	+17.8%	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 ¥27bn

CAGR · 10 yrs +4.0%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	18.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.4	+3.1%	Cons. · Japanese GAAP
FYE Mar 2019	19.5	+0.4%	Cons. · Japanese GAAP
FYE Mar 2020	19.9	+2.4%	Cons. · Japanese GAAP
FYE Mar 2021	19.7	−1.2%	Cons. · Japanese GAAP
FYE Mar 2022	21.0	+6.4%	Cons. · Japanese GAAP
FYE Mar 2023	22.3	+6.5%	Cons. · Japanese GAAP
FYE Mar 2024	22.2	−0.4%	Cons. · Japanese GAAP
FYE Mar 2025	23.9	+7.7%	Cons. · Japanese GAAP
FYE Mar 2026	26.8	+11.8%	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 ¥21bn

CAGR · 10 yrs +7.2%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	11.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.8	−2.8%	Cons. · Japanese GAAP
FYE Mar 2019	8.2	−24.4%	Cons. · Japanese GAAP
FYE Mar 2020	8.2	−0.5%	Cons. · Japanese GAAP
FYE Mar 2021	6.0	−26.9%	Cons. · Japanese GAAP
FYE Mar 2022	7.3	+21.9%	Cons. · Japanese GAAP
FYE Mar 2023	4.9	−32.9%	Cons. · Japanese GAAP
FYE Mar 2024	8.4	+71.9%	Cons. · Japanese GAAP
FYE Mar 2025	16.4	+96.1%	Cons. · Japanese GAAP
FYE Mar 2026	20.8	+26.6%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥1.8bn

CAGR · 10 yrs +8.2%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	+13.0%	Cons. · Japanese GAAP
FYE Mar 2019	1.5	+41.0%	Cons. · Japanese GAAP
FYE Mar 2020	1.0	−31.3%	Cons. · Japanese GAAP
FYE Mar 2021	1.2	+18.2%	Cons. · Japanese GAAP
FYE Mar 2022	1.6	+35.0%	Cons. · Japanese GAAP
FYE Mar 2023	2.2	+39.9%	Cons. · Japanese GAAP
FYE Mar 2024	2.5	+11.7%	Cons. · Japanese GAAP
FYE Mar 2025	2.1	−14.5%	Cons. · Japanese GAAP
FYE Mar 2026	1.8	−13.2%	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 ¥1.1bn

CAGR · 10 yrs +6.0%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.8	+19.8%	Cons. · Japanese GAAP
FYE Mar 2019	0.7	−9.9%	Cons. · Japanese GAAP
FYE Mar 2020	1.0	+33.3%	Cons. · Japanese GAAP
FYE Mar 2021	0.9	−9.0%	Cons. · Japanese GAAP
FYE Mar 2022	0.8	−8.4%	Cons. · Japanese GAAP
FYE Mar 2023	1.0	+30.7%	Cons. · Japanese GAAP
FYE Mar 2024	1.1	+8.0%	Cons. · Japanese GAAP
FYE Mar 2025	1.0	−10.7%	Cons. · Japanese GAAP
FYE Mar 2026	1.1	+11.7%	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 ¥22bn

CAGR · 10 yrs +7.3%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	11.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.1	−2.9%	Cons. · Japanese GAAP
FYE Mar 2019	8.9	−19.3%	Cons. · Japanese GAAP
FYE Mar 2020	8.2	−8.2%	Cons. · Japanese GAAP
FYE Mar 2021	6.3	−23.5%	Cons. · Japanese GAAP
FYE Mar 2022	8.1	+28.5%	Cons. · Japanese GAAP
FYE Mar 2023	6.1	−24.8%	Cons. · Japanese GAAP
FYE Mar 2024	9.8	+60.7%	Cons. · Japanese GAAP
FYE Mar 2025	17.6	+80.1%	Cons. · Japanese GAAP
FYE Mar 2026	21.5	+22.6%	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 ¥38bn

CAGR · 10 yrs +145.0%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.8	+39833.3%	Cons. · Japanese GAAP
FYE Mar 2019	2.8	−42.0%	Cons. · Japanese GAAP
FYE Mar 2020	2.3	−18.0%	Cons. · Japanese GAAP
FYE Mar 2021	14.0	+514.4%	Cons. · Japanese GAAP
FYE Mar 2022	1.9	−86.6%	Cons. · Japanese GAAP
FYE Mar 2023	6.4	+240.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.2	−96.7%	Cons. · Japanese GAAP
FYE Mar 2025	1.9	+792.9%	Cons. · Japanese GAAP
FYE Mar 2026	38.1	+1934.6%	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 ¥42bn

CAGR · 10 yrs +21.1%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	7.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.3	+37.1%	Cons. · Japanese GAAP
FYE Mar 2019	8.0	−22.1%	Cons. · Japanese GAAP
FYE Mar 2020	5.8	−27.7%	Cons. · Japanese GAAP
FYE Mar 2021	8.1	+40.4%	Cons. · Japanese GAAP
FYE Mar 2022	6.5	−19.5%	Cons. · Japanese GAAP
FYE Mar 2023	2.8	−57.5%	Cons. · Japanese GAAP
FYE Mar 2024	7.3	+163.2%	Cons. · Japanese GAAP
FYE Mar 2025	12.8	+75.9%	Cons. · Japanese GAAP
FYE Mar 2026	41.8	+225.4%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 40.2%

Average · 10 yrs 34.5%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	35.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.7	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	33.6	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	32.8	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	32.6	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	33.6	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	31.1	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2024	32.8	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	37.0	+4.2pp	Cons. · Japanese GAAP
FYE Mar 2026	40.2	+3.2pp	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 17.6%

Average · 10 yrs 10.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	13.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.8	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	10.0	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2020	9.5	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	7.6	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2022	8.6	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	5.6	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2024	9.0	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2025	15.1	+6.1pp	Cons. · Japanese GAAP
FYE Mar 2026	17.6	+2.5pp	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 18.2%

Average · 10 yrs 11.6%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	13.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.1	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	10.9	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2020	9.6	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	8.0	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2022	9.6	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	6.9	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2024	10.5	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2025	16.1	+5.7pp	Cons. · Japanese GAAP
FYE Mar 2026	18.2	+2.1pp	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 35.3%

Average · 10 yrs 11.4%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	9.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.1	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2019	9.7	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2020	6.7	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2021	10.3	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2022	7.8	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2023	3.2	−4.6pp	Cons. · Japanese GAAP
FYE Mar 2024	7.8	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2025	11.8	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2026	35.3	+23.6pp	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 59.8%

Average · 10 yrs 65.5%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	64.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	64.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	66.4	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	67.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	67.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	66.4	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	68.9	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2024	67.2	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	63.0	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2026	59.8	−3.2pp	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 22.6%

Average · 10 yrs 23.6%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	22.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	23.6	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	23.3	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	25.0	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2022	24.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	25.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	23.8	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	21.9	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2026	22.6	+0.7pp	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 ¥283bn

CAGR · 10 yrs +8.1%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	140	n/a	Cons. · Japanese GAAP
FYE Mar 2018	147	+5.1%	Cons. · Japanese GAAP
FYE Mar 2019	151	+2.6%	Cons. · Japanese GAAP
FYE Mar 2020	173	+14.5%	Cons. · Japanese GAAP
FYE Mar 2021	185	+6.8%	Cons. · Japanese GAAP
FYE Mar 2022	187	+1.4%	Cons. · Japanese GAAP
FYE Mar 2023	186	−0.9%	Cons. · Japanese GAAP
FYE Mar 2024	212	+14.3%	Cons. · Japanese GAAP
FYE Mar 2025	223	+5.2%	Cons. · Japanese GAAP
FYE Mar 2026	283	+26.9%	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 ¥174bn

CAGR · 10 yrs +9.4%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	77.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	86.6	+11.9%	Cons. · Japanese GAAP
FYE Mar 2019	89.7	+3.6%	Cons. · Japanese GAAP
FYE Mar 2020	93.7	+4.4%	Cons. · Japanese GAAP
FYE Mar 2021	99.1	+5.8%	Cons. · Japanese GAAP
FYE Mar 2022	106	+6.7%	Cons. · Japanese GAAP
FYE Mar 2023	104	−1.9%	Cons. · Japanese GAAP
FYE Mar 2024	118	+13.9%	Cons. · Japanese GAAP
FYE Mar 2025	130	+9.8%	Cons. · Japanese GAAP
FYE Mar 2026	174	+33.8%	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 ¥32bn

CAGR · 10 yrs +7.5%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	16.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.3	−31.7%	Cons. · Japanese GAAP
FYE Mar 2019	17.4	+54.4%	Cons. · Japanese GAAP
FYE Mar 2020	22.5	+29.5%	Cons. · Japanese GAAP
FYE Mar 2021	26.6	+17.9%	Cons. · Japanese GAAP
FYE Mar 2022	29.2	+10.1%	Cons. · Japanese GAAP
FYE Mar 2023	28.8	−1.6%	Cons. · Japanese GAAP
FYE Mar 2024	29.3	+1.7%	Cons. · Japanese GAAP
FYE Mar 2025	33.7	+15.0%	Cons. · Japanese GAAP
FYE Mar 2026	31.6	−6.1%	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 ¥4.4bn

CAGR · 10 yrs −1.0%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	4.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.9	+1.2%	Cons. · Japanese GAAP
FYE Mar 2019	7.7	+57.7%	Cons. · Japanese GAAP
FYE Mar 2020	7.6	−1.9%	Cons. · Japanese GAAP
FYE Mar 2021	7.3	−4.1%	Cons. · Japanese GAAP
FYE Mar 2022	14.4	+97.9%	Cons. · Japanese GAAP
FYE Mar 2023	12.8	−11.0%	Cons. · Japanese GAAP
FYE Mar 2024	12.6	−1.1%	Cons. · Japanese GAAP
FYE Mar 2025	9.9	−21.4%	Cons. · Japanese GAAP
FYE Mar 2026	4.4	−55.7%	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 ¥27bn

CAGR · 10 yrs +9.9%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	11.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.4	−45.3%	Cons. · Japanese GAAP
FYE Mar 2019	9.7	+51.9%	Cons. · Japanese GAAP
FYE Mar 2020	15.0	+54.4%	Cons. · Japanese GAAP
FYE Mar 2021	19.3	+29.0%	Cons. · Japanese GAAP
FYE Mar 2022	14.9	−22.9%	Cons. · Japanese GAAP
FYE Mar 2023	16.0	+7.4%	Cons. · Japanese GAAP
FYE Mar 2024	16.6	+4.0%	Cons. · Japanese GAAP
FYE Mar 2025	23.7	+42.7%	Cons. · Japanese GAAP
FYE Mar 2026	27.2	+14.6%	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 ¥1.9bn

CAGR · 10 yrs +1.3%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.5	−10.5%	Cons. · Japanese GAAP
FYE Mar 2019	1.7	+11.3%	Cons. · Japanese GAAP
FYE Mar 2020	2.7	+61.0%	Cons. · Japanese GAAP
FYE Mar 2021	2.6	−4.1%	Cons. · Japanese GAAP
FYE Mar 2022	3.1	+18.8%	Cons. · Japanese GAAP
FYE Mar 2023	3.1	+1.7%	Cons. · Japanese GAAP
FYE Mar 2024	3.1	−2.1%	Cons. · Japanese GAAP
FYE Mar 2025	3.1	+0.1%	Cons. · Japanese GAAP
FYE Mar 2026	1.9	−38.2%	Cons. · Japanese GAAP

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

Goodwill

FYE Mar 2026 ¥1.2bn

CAGR · 8 yrs +14.3%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2020	1.5	+206.2%	Cons. · Japanese GAAP
FYE Mar 2021	1.2	−16.5%	Cons. · Japanese GAAP
FYE Mar 2022	1.6	+25.7%	Cons. · Japanese GAAP
FYE Mar 2023	1.6	+1.9%	Cons. · Japanese GAAP
FYE Mar 2024	1.5	−5.8%	Cons. · Japanese GAAP
FYE Mar 2025	1.4	−2.8%	Cons. · Japanese GAAP
FYE Mar 2026	1.2	−14.9%	Cons. · Japanese GAAP

Definition: What an acquisition cost above the net assets it brought
Formula: Goodwill line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Mar 2026 61.3%

Average · 10 yrs 56.9%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	55.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	58.9	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2019	59.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	54.2	−5.2pp	Cons. · Japanese GAAP
FYE Mar 2021	53.7	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	56.5	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2023	55.9	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	55.7	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	58.1	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2026	61.3	+3.2pp	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 18.2%

Average · 10 yrs 22.9%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	21.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.0	−8.3pp	Cons. · Japanese GAAP
FYE Mar 2019	19.4	+6.4pp	Cons. · Japanese GAAP
FYE Mar 2020	24.1	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2021	26.8	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2022	27.6	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2023	27.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	24.8	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2025	25.9	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	18.2	−7.7pp	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 24.1%

Average · 10 yrs 9.4%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	9.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.8	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2019	8.9	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2020	6.2	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2021	8.2	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2022	6.2	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2023	2.7	−3.5pp	Cons. · Japanese GAAP
FYE Mar 2024	6.2	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2025	9.9	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2026	24.1	+14.2pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 14.8%

Average · 10 yrs 5.4%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	5.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.0	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2019	5.3	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	3.3	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2021	4.4	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	3.5	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	1.5	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2024	3.4	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2025	5.8	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2026	14.8	+9.0pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.42×

CAGR · 10 yrs −3.9%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.59	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.57	−3.4%	Cons. · Japanese GAAP
FYE Mar 2019	0.54	−5.1%	Cons. · Japanese GAAP
FYE Mar 2020	0.50	−9.0%	Cons. · Japanese GAAP
FYE Mar 2021	0.43	−14.0%	Cons. · Japanese GAAP
FYE Mar 2022	0.45	+5.3%	Cons. · Japanese GAAP
FYE Mar 2023	0.47	+5.1%	Cons. · Japanese GAAP
FYE Mar 2024	0.44	−6.8%	Cons. · Japanese GAAP
FYE Mar 2025	0.49	+11.2%	Cons. · Japanese GAAP
FYE Mar 2026	0.42	−14.5%	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 ¥17bn

CAGR · 10 yrs +5.1%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	11.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.8	−29.4%	Cons. · Japanese GAAP
FYE Mar 2019	5.3	−31.8%	Cons. · Japanese GAAP
FYE Mar 2020	10.6	+99.6%	Cons. · Japanese GAAP
FYE Mar 2021	7.8	−26.4%	Cons. · Japanese GAAP
FYE Mar 2022	7.0	−10.9%	Cons. · Japanese GAAP
FYE Mar 2023	7.6	+9.7%	Cons. · Japanese GAAP
FYE Mar 2024	5.1	−33.8%	Cons. · Japanese GAAP
FYE Mar 2025	19.1	+278.1%	Cons. · Japanese GAAP
FYE Mar 2026	17.3	−9.5%	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 ¥23bn

Average · 10 yrs -¥4.2bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-2.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-11.4	−551.2%	Cons. · Japanese GAAP
FYE Mar 2020	-16.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-1.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-17.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-7.9	−499.0%	Cons. · Japanese GAAP
FYE Mar 2025	-11.4	n/a	Cons. · Japanese GAAP
FYE Mar 2026	22.8	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 -¥7.2bn

Average · 10 yrs -¥1.5bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-8.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-9.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	3.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	12.6	+219.9%	Cons. · Japanese GAAP
FYE Mar 2021	1.9	−85.3%	Cons. · Japanese GAAP
FYE Mar 2022	-1.5	−182.2%	Cons. · Japanese GAAP
FYE Mar 2023	-7.2	n/a	Cons. · Japanese GAAP
FYE Mar 2024	4.3	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-3.3	−176.2%	Cons. · Japanese GAAP
FYE Mar 2026	-7.2	n/a	Cons. · Japanese GAAP

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Mar 2026 ¥62bn

CAGR · 10 yrs +15.1%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	17.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.3	+5.1%	Cons. · Japanese GAAP
FYE Mar 2019	16.1	−11.9%	Cons. · Japanese GAAP
FYE Mar 2020	22.7	+40.6%	Cons. · Japanese GAAP
FYE Mar 2021	30.2	+32.9%	Cons. · Japanese GAAP
FYE Mar 2022	18.5	−38.8%	Cons. · Japanese GAAP
FYE Mar 2023	21.5	+16.3%	Cons. · Japanese GAAP
FYE Mar 2024	23.5	+9.6%	Cons. · Japanese GAAP
FYE Mar 2025	28.4	+20.7%	Cons. · Japanese GAAP
FYE Mar 2026	61.8	+117.8%	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 ¥40bn

CAGR · 10 yrs +18.4%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	8.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.3	+17.7%	Cons. · Japanese GAAP
FYE Mar 2019	-6.1	−158.9%	Cons. · Japanese GAAP
FYE Mar 2020	-6.3	n/a	Cons. · Japanese GAAP
FYE Mar 2021	5.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-10.3	−273.8%	Cons. · Japanese GAAP
FYE Mar 2023	9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-2.8	−129.5%	Cons. · Japanese GAAP
FYE Mar 2025	7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2026	40.1	+420.4%	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 14.6%

Average · 10 yrs 10.6%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	13.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.2	−4.0pp	Cons. · Japanese GAAP
FYE Mar 2019	6.5	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2020	12.4	+5.9pp	Cons. · Japanese GAAP
FYE Mar 2021	9.9	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2022	8.3	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	8.7	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	5.4	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2025	17.5	+12.1pp	Cons. · Japanese GAAP
FYE Mar 2026	14.6	−2.9pp	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 ¥30bn

CAGR · 10 yrs +47.2%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.1	+655.2%	Cons. · Japanese GAAP
FYE Mar 2019	-1.3	−117.8%	Cons. · Japanese GAAP
FYE Mar 2020	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	3.6	+2171.5%	Cons. · Japanese GAAP
FYE Mar 2022	-10.8	−400.7%	Cons. · Japanese GAAP
FYE Mar 2023	-7.3	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-5.7	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-5.3	n/a	Cons. · Japanese GAAP
FYE Mar 2026	30.2	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 ¥705bn

Change · 10 yrs +¥595bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	111	n/a
FYE Mar 2018	89.6	n/a
FYE Mar 2019	78.9	n/a
FYE Mar 2020	191	n/a
FYE Mar 2021	161	n/a
FYE Mar 2022	113	n/a
FYE Mar 2023	76.1	n/a
FYE Mar 2024	225	n/a
FYE Mar 2025	157	n/a
FYE Mar 2026	705	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 18,702¥

Change · 10 yrs +18,147¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	554	n/a
FYE Mar 2018	2,244	n/a
FYE Mar 2019	1,975	n/a
FYE Mar 2020	4,774	n/a
FYE Mar 2021	4,029	n/a
FYE Mar 2022	2,823	n/a
FYE Mar 2023	2,019	n/a
FYE Mar 2024	5,972	n/a
FYE Mar 2025	4,161	n/a
FYE Mar 2026	18,702	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 37,723,000shares

Change · 10 yrs −161,954,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	199,677,000	Parent
FYE Mar 2018	39,935,000	Parent
FYE Mar 2019	39,935,000	Parent
FYE Mar 2020	39,935,000	Parent
FYE Mar 2021	39,935,000	Parent
FYE Mar 2022	39,935,000	Parent
FYE Mar 2023	37,723,000	Parent
FYE Mar 2024	37,723,000	Parent
FYE Mar 2025	37,723,000	Parent
FYE Mar 2026	37,723,000	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 1,147.34¥

Change · 10 yrs +958.77¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	188.57	Cons.
FYE Mar 2018	263.97	Cons.
FYE Mar 2019	205.76	Cons.
FYE Mar 2020	148.73	Cons.
FYE Mar 2021	208.77	Cons.
FYE Mar 2022	168.04	Cons.
FYE Mar 2023	73.94	Cons.
FYE Mar 2024	200.39	Cons.
FYE Mar 2025	352.61	Cons.
FYE Mar 2026	1,147.34	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 4,601.86¥

Change · 10 yrs +4,214.28¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	387.58	Cons. · Japanese GAAP
FYE Mar 2018	2,169.25	Cons. · Japanese GAAP
FYE Mar 2019	2,246.48	Cons. · Japanese GAAP
FYE Mar 2020	2,345.19	Cons. · Japanese GAAP
FYE Mar 2021	2,482.33	Cons. · Japanese GAAP
FYE Mar 2022	2,649.88	Cons. · Japanese GAAP
FYE Mar 2023	2,751.45	Cons. · Japanese GAAP
FYE Mar 2024	3,133.13	Cons. · Japanese GAAP
FYE Mar 2025	3,439.12	Cons. · Japanese GAAP
FYE Mar 2026	4,601.86	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 16.30×

Average · 10 yrs 18.62×

Fiscal year	PER ×	Basis
FYE Mar 2017	14.70	Cons.
FYE Mar 2018	8.50	Cons.
FYE Mar 2019	9.60	Cons.
FYE Mar 2020	32.10	Cons.
FYE Mar 2021	19.30	Cons.
FYE Mar 2022	16.80	Cons.
FYE Mar 2023	27.30	Cons.
FYE Mar 2024	29.80	Cons.
FYE Mar 2025	11.80	Cons.
FYE Mar 2026	16.30	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 3.92×

Average · 10 yrs 1.55×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.40	Cons.
FYE Mar 2018	1.01	Cons.
FYE Mar 2019	0.85	Cons.
FYE Mar 2020	1.98	Cons.
FYE Mar 2021	1.58	Cons.
FYE Mar 2022	1.04	Cons.
FYE Mar 2023	0.71	Cons.
FYE Mar 2024	1.84	Cons.
FYE Mar 2025	1.17	Cons.
FYE Mar 2026	3.92	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 2,793people

Change · 10 yrs +390 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	2,403	n/a	Cons.
FYE Mar 2018	2,456	+2.2%	Cons.
FYE Mar 2019	2,414	−1.7%	Cons.
FYE Mar 2020	2,690	+11.4%	Cons.
FYE Mar 2021	2,769	+2.9%	Cons.
FYE Mar 2022	2,729	−1.4%	Cons.
FYE Mar 2023	2,631	−3.6%	Cons.
FYE Mar 2024	2,690	+2.2%	Cons.
FYE Mar 2025	2,745	+2.0%	Cons.
FYE Mar 2026	2,793	+1.7%	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 867people

Change · 10 yrs +89 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	778	n/a	Parent
FYE Mar 2018	804	+3.3%	Parent
FYE Mar 2019	820	+2.0%	Parent
FYE Mar 2020	830	+1.2%	Parent
FYE Mar 2021	860	+3.6%	Parent
FYE Mar 2022	783	−9.0%	Parent
FYE Mar 2023	787	+0.5%	Parent
FYE Mar 2024	793	+0.8%	Parent
FYE Mar 2025	825	+4.0%	Parent
FYE Mar 2026	867	+5.1%	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 749万円

Change · 8 yrs +51万円

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	697	n/a	Parent
FYE Mar 2020	677	−2.9%	Parent
FYE Mar 2021	678	+0.1%	Parent
FYE Mar 2022	669	−1.4%	Parent
FYE Mar 2023	673	+0.6%	Parent
FYE Mar 2024	673	−0.0%	Parent
FYE Mar 2025	719	+6.9%	Parent
FYE Mar 2026	749	+4.2%	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 −2.4 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	44.1	n/a	Parent
FYE Mar 2020	43.9	−0.5%	Parent
FYE Mar 2021	43.4	−1.1%	Parent
FYE Mar 2022	43.3	−0.2%	Parent
FYE Mar 2023	43.3	−0.0%	Parent
FYE Mar 2024	43.0	−0.7%	Parent
FYE Mar 2025	42.5	−1.2%	Parent
FYE Mar 2026	41.7	−1.9%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Mar 2026 15.8years

Change · 8 yrs −4.0 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	19.8	n/a	Parent
FYE Mar 2020	19.6	−1.0%	Parent
FYE Mar 2021	19.1	−2.6%	Parent
FYE Mar 2022	18.7	−2.1%	Parent
FYE Mar 2023	18.5	−1.1%	Parent
FYE Mar 2024	18.0	−2.7%	Parent
FYE Mar 2025	17.1	−5.0%	Parent
FYE Mar 2026	15.8	−7.6%	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)

Revenue per employee

FYE Mar 2026 ¥42.3m

Change · 10 yrs +¥7.7m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	34.7	n/a	Cons.
FYE Mar 2018	34.4	−0.7%	Cons.
FYE Mar 2019	34.1	−0.9%	Cons.
FYE Mar 2020	31.9	−6.5%	Cons.
FYE Mar 2021	28.4	−10.8%	Cons.
FYE Mar 2022	30.8	+8.3%	Cons.
FYE Mar 2023	33.3	+8.0%	Cons.
FYE Mar 2024	34.7	+4.2%	Cons.
FYE Mar 2025	39.7	+14.6%	Cons.
FYE Mar 2026	42.3	+6.6%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥7.5m

Change · 10 yrs +¥2.8m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	4.6	n/a	Cons.
FYE Mar 2018	4.4	−4.9%	Cons.
FYE Mar 2019	3.4	−23.0%	Cons.
FYE Mar 2020	3.0	−10.7%	Cons.
FYE Mar 2021	2.2	−29.0%	Cons.
FYE Mar 2022	2.7	+23.7%	Cons.
FYE Mar 2023	1.9	−30.4%	Cons.
FYE Mar 2024	3.1	+68.1%	Cons.
FYE Mar 2025	6.0	+92.1%	Cons.
FYE Mar 2026	7.5	+24.4%	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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