Financials

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

FYE Mar 2026 · Revenue¥1.21tnYoY +17.4%

FYE Mar 2026 · Operating profit¥42bnYoY +5.8%

FYE Mar 2026 · Net profit¥28bnYoY +9.8%

FYE Mar 2026 · Equity ratio39.8%YoY −5.6pp

FYE Mar 2026 · Group employees5,261YoY +190

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥399bn	n/a	¥10bn	n/a	2.6%	¥6.5bn	Nakashima Kiyoshi	—
FYE Mar 2018Consolidated	¥504bn	+26.5%	¥15bn	+44.8%	3.0%	¥11bn	Nakashima Kiyoshi	—
FYE Mar 2019Consolidated	¥524bn	+4.0%	¥15bn	+1.1%	2.9%	¥8.9bn	Nakashima Kiyoshi	—
FYE Mar 2020Consolidated	¥521bn	−0.6%	¥14bn	−5.7%	2.8%	¥5.6bn	Nakashima Kiyoshi	<a class="en-history_person" href="/tse/3132/executives/ceo/hara-kazumasa/" hreflang="ja">Hara Kazumasa</a> becomes president
FYE Mar 2021Consolidated	¥554bn	+6.3%	¥19bn	+29.9%	3.4%	¥11bn	Hara Kazumasa	Operating company absorbs Fuji Electronics
FYE Mar 2022Consolidated	¥762bn	+37.5%	¥37bn	+95.6%	4.8%	¥26bn	Hara Kazumasa	Macnica Networks absorbed back into the parent
FYE Mar 2023Consolidated	¥1.03tn	+35.1%	¥62bn	+67.9%	6.0%	¥41bn	Hara Kazumasa	Renamed Macnica Holdings
FYE Mar 2024Consolidated	¥1.03tn	−0.1%	¥64bn	+3.4%	6.2%	¥48bn	Hara Kazumasa	Revenue passes ¥1 trillion — <span class="en-history_money" data-yen="1029300000000" data-year="2023">$7.3B (¥1.03tn)</span>
FYE Mar 2025Consolidated	¥1.03tn	+0.5%	¥40bn	−37.8%	3.8%	¥25bn	Hara Kazumasa	Grosell acquired; Vision2030 and a 3-for-1 stock split
FYE Mar 2026Consolidated	¥1.21tn	+17.4%	¥42bn	+5.8%	3.5%	¥28bn	Hara Kazumasa	Chip correction halves segment margin; network earns a third of group profit

How it compares

Macnica Holdings¥1.21tnFY2025Operating margin 3.5%

Kaga Electronics¥659bnFY2025Operating margin 4.2%

Resuta¥561bnFY2024Operating margin 2.5%

INABA DENKI SANGYO CO., LTD.¥417bnFY2025Operating margin 7.1%

Ryosanryouyouhorudingusu¥360bnFY2024Operating margin 2.4%

Shikusu¥289bnFY2025Operating margin 3.1%

Tachibanaeretekku¥220bnFY2024Operating margin 3.7%

RYODEN¥216bnFY2024Operating margin 2.5%

Tokyo Electron Device¥204bnFY2025Operating margin 5.0%

Hakutou¥183bnFY2024Operating margin 4.3%

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 ¥1.21tn

CAGR · 10 yrs +13.2%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	399	n/a	Cons. · Japanese GAAP
FYE Mar 2018	504	+26.5%	Cons. · Japanese GAAP
FYE Mar 2019	524	+4.0%	Cons. · Japanese GAAP
FYE Mar 2020	521	−0.6%	Cons. · Japanese GAAP
FYE Mar 2021	554	+6.3%	Cons. · Japanese GAAP
FYE Mar 2022	762	+37.5%	Cons. · Japanese GAAP
FYE Mar 2023	1,029	+35.1%	Cons. · Japanese GAAP
FYE Mar 2024	1,029	−0.1%	Cons. · Japanese GAAP
FYE Mar 2025	1,034	+0.5%	Cons. · Japanese GAAP
FYE Mar 2026	1,214	+17.4%	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 ¥1.08tn

CAGR · 10 yrs +13.3%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	352	n/a	Cons. · Japanese GAAP
FYE Mar 2018	448	+27.2%	Cons. · Japanese GAAP
FYE Mar 2019	463	+3.4%	Cons. · Japanese GAAP
FYE Mar 2020	461	−0.4%	Cons. · Japanese GAAP
FYE Mar 2021	489	+6.0%	Cons. · Japanese GAAP
FYE Mar 2022	671	+37.2%	Cons. · Japanese GAAP
FYE Mar 2023	903	+34.6%	Cons. · Japanese GAAP
FYE Mar 2024	899	−0.5%	Cons. · Japanese GAAP
FYE Mar 2025	913	+1.5%	Cons. · Japanese GAAP
FYE Mar 2026	1,084	+18.7%	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 ¥130bn

CAGR · 10 yrs +12.2%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	46.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	56.1	+21.2%	Cons. · Japanese GAAP
FYE Mar 2019	61.1	+8.9%	Cons. · Japanese GAAP
FYE Mar 2020	59.9	−1.9%	Cons. · Japanese GAAP
FYE Mar 2021	64.8	+8.3%	Cons. · Japanese GAAP
FYE Mar 2022	90.7	+39.9%	Cons. · Japanese GAAP
FYE Mar 2023	126	+38.8%	Cons. · Japanese GAAP
FYE Mar 2024	130	+2.9%	Cons. · Japanese GAAP
FYE Mar 2025	121	−6.5%	Cons. · Japanese GAAP
FYE Mar 2026	130	+7.6%	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 ¥88bn

CAGR · 10 yrs +10.6%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	35.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	40.9	+14.3%	Cons. · Japanese GAAP
FYE Mar 2019	45.7	+11.7%	Cons. · Japanese GAAP
FYE Mar 2020	45.4	−0.6%	Cons. · Japanese GAAP
FYE Mar 2021	46.1	+1.4%	Cons. · Japanese GAAP
FYE Mar 2022	54.0	+17.2%	Cons. · Japanese GAAP
FYE Mar 2023	64.3	+19.0%	Cons. · Japanese GAAP
FYE Mar 2024	65.9	+2.5%	Cons. · Japanese GAAP
FYE Mar 2025	81.6	+23.9%	Cons. · Japanese GAAP
FYE Mar 2026	88.5	+8.4%	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 ¥42bn

CAGR · 10 yrs +16.7%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	10.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.2	+44.8%	Cons. · Japanese GAAP
FYE Mar 2019	15.3	+1.1%	Cons. · Japanese GAAP
FYE Mar 2020	14.4	−5.7%	Cons. · Japanese GAAP
FYE Mar 2021	18.8	+29.9%	Cons. · Japanese GAAP
FYE Mar 2022	36.7	+95.6%	Cons. · Japanese GAAP
FYE Mar 2023	61.6	+67.9%	Cons. · Japanese GAAP
FYE Mar 2024	63.7	+3.4%	Cons. · Japanese GAAP
FYE Mar 2025	39.6	−37.8%	Cons. · Japanese GAAP
FYE Mar 2026	42.0	+5.8%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥2.8bn

CAGR · 10 yrs +20.6%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	+88.2%	Cons. · Japanese GAAP
FYE Mar 2019	0.7	−28.2%	Cons. · Japanese GAAP
FYE Mar 2020	0.6	−14.9%	Cons. · Japanese GAAP
FYE Mar 2021	1.3	+107.8%	Cons. · Japanese GAAP
FYE Mar 2022	0.8	−32.9%	Cons. · Japanese GAAP
FYE Mar 2023	1.1	+32.6%	Cons. · Japanese GAAP
FYE Mar 2024	1.6	+40.6%	Cons. · Japanese GAAP
FYE Mar 2025	1.7	+10.1%	Cons. · Japanese GAAP
FYE Mar 2026	2.8	+63.3%	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 ¥7.4bn

CAGR · 10 yrs +20.7%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	1.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.2	−10.8%	Cons. · Japanese GAAP
FYE Mar 2019	2.9	+141.3%	Cons. · Japanese GAAP
FYE Mar 2020	4.0	+35.7%	Cons. · Japanese GAAP
FYE Mar 2021	3.6	−8.9%	Cons. · Japanese GAAP
FYE Mar 2022	2.1	−43.1%	Cons. · Japanese GAAP
FYE Mar 2023	5.9	+187.5%	Cons. · Japanese GAAP
FYE Mar 2024	3.3	−43.7%	Cons. · Japanese GAAP
FYE Mar 2025	4.1	+21.7%	Cons. · Japanese GAAP
FYE Mar 2026	7.4	+81.8%	Cons. · Japanese GAAP

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

Ordinary profit keijo rieki

FYE Mar 2026 ¥37bn

CAGR · 10 yrs +16.3%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.9	+55.0%	Cons. · Japanese GAAP
FYE Mar 2019	13.1	−12.3%	Cons. · Japanese GAAP
FYE Mar 2020	11.1	−15.5%	Cons. · Japanese GAAP
FYE Mar 2021	16.4	+48.1%	Cons. · Japanese GAAP
FYE Mar 2022	35.5	+116.4%	Cons. · Japanese GAAP
FYE Mar 2023	56.8	+60.1%	Cons. · Japanese GAAP
FYE Mar 2024	62.0	+9.0%	Cons. · Japanese GAAP
FYE Mar 2025	37.3	−39.8%	Cons. · Japanese GAAP
FYE Mar 2026	37.4	+0.2%	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 ¥1.8bn

CAGR · 10 yrs +27.9%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.1	−36.5%	Cons. · Japanese GAAP
FYE Mar 2019	0.0	−68.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.1	+220.0%	Cons. · Japanese GAAP
FYE Mar 2021	0.2	+60.9%	Cons. · Japanese GAAP
FYE Mar 2022	1.9	+835.9%	Cons. · Japanese GAAP
FYE Mar 2023	2.2	+12.6%	Cons. · Japanese GAAP
FYE Mar 2024	5.6	+159.0%	Cons. · Japanese GAAP
FYE Mar 2025	1.2	−79.4%	Cons. · Japanese GAAP
FYE Mar 2026	1.8	+56.0%	Cons. · Japanese GAAP

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

Extraordinary loss

FYE Mar 2026 ¥0.6bn

CAGR · 9 yrs +33.6%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Mar 2017	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.1	−3.6%	Cons. · Japanese GAAP
FYE Mar 2019	0.4	+579.2%	Cons. · Japanese GAAP
FYE Mar 2020	1.5	+314.4%	Cons. · Japanese GAAP
FYE Mar 2021	0.3	−78.0%	Cons. · Japanese GAAP
FYE Mar 2022	0.3	+1.8%	Cons. · Japanese GAAP
FYE Mar 2023	0.9	+155.4%	Cons. · Japanese GAAP
FYE Mar 2024	1.3	+55.2%	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	0.6	n/a	Cons. · Japanese GAAP

Definition: One-off losses, such as an impairment or a restructuring charge
Formula: Extraordinary loss line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥28bn

CAGR · 10 yrs +17.4%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.4	+74.7%	Cons. · Japanese GAAP
FYE Mar 2019	8.9	−22.2%	Cons. · Japanese GAAP
FYE Mar 2020	5.6	−36.6%	Cons. · Japanese GAAP
FYE Mar 2021	10.9	+93.1%	Cons. · Japanese GAAP
FYE Mar 2022	25.8	+137.2%	Cons. · Japanese GAAP
FYE Mar 2023	41.0	+59.0%	Cons. · Japanese GAAP
FYE Mar 2024	48.1	+17.2%	Cons. · Japanese GAAP
FYE Mar 2025	25.3	−47.4%	Cons. · Japanese GAAP
FYE Mar 2026	27.8	+9.8%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 10.7%

Average · 10 yrs 11.7%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	11.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.1	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	11.6	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	11.5	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	11.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	11.9	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	12.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	12.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	11.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	10.7	−1.0pp	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 3.5%

Average · 10 yrs 3.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	2.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	2.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	2.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	3.4	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	4.8	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2023	6.0	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	6.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	3.8	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2026	3.5	−0.4pp	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 3.1%

Average · 10 yrs 3.6%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	2.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.0	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	2.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	2.1	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	3.0	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	4.7	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2023	5.5	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	6.0	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	3.6	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2026	3.1	−0.5pp	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 2.3%

Average · 10 yrs 2.5%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.3	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	1.7	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	1.1	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	2.0	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	3.4	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2023	4.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	4.7	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	2.4	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2026	2.3	−0.2pp	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 89.3%

Average · 10 yrs 88.3%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	88.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	88.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	88.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	88.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	88.3	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	88.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	87.8	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	87.4	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	88.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	89.3	+1.0pp	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 7.3%

Average · 10 yrs 7.8%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	9.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.1	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	8.7	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	8.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	8.3	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	7.1	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	6.2	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	6.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	7.9	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2026	7.3	−0.6pp	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 ¥701bn

CAGR · 10 yrs +14.0%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	215	n/a	Cons. · Japanese GAAP
FYE Mar 2018	267	+24.0%	Cons. · Japanese GAAP
FYE Mar 2019	299	+12.2%	Cons. · Japanese GAAP
FYE Mar 2020	263	−12.0%	Cons. · Japanese GAAP
FYE Mar 2021	270	+2.4%	Cons. · Japanese GAAP
FYE Mar 2022	363	+34.5%	Cons. · Japanese GAAP
FYE Mar 2023	518	+42.8%	Cons. · Japanese GAAP
FYE Mar 2024	552	+6.7%	Cons. · Japanese GAAP
FYE Mar 2025	556	+0.8%	Cons. · Japanese GAAP
FYE Mar 2026	701	+26.0%	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 ¥279bn

CAGR · 10 yrs +11.7%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	103	n/a	Cons. · Japanese GAAP
FYE Mar 2018	126	+21.9%	Cons. · Japanese GAAP
FYE Mar 2019	132	+5.4%	Cons. · Japanese GAAP
FYE Mar 2020	132	−0.2%	Cons. · Japanese GAAP
FYE Mar 2021	142	+7.6%	Cons. · Japanese GAAP
FYE Mar 2022	170	+19.7%	Cons. · Japanese GAAP
FYE Mar 2023	200	+17.4%	Cons. · Japanese GAAP
FYE Mar 2024	244	+22.3%	Cons. · Japanese GAAP
FYE Mar 2025	252	+3.3%	Cons. · Japanese GAAP
FYE Mar 2026	279	+10.5%	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 ¥76bn

CAGR · 10 yrs +12.1%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	27.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	57.8	+113.3%	Cons. · Japanese GAAP
FYE Mar 2019	84.1	+45.6%	Cons. · Japanese GAAP
FYE Mar 2020	53.2	−36.7%	Cons. · Japanese GAAP
FYE Mar 2021	31.4	−41.0%	Cons. · Japanese GAAP
FYE Mar 2022	58.0	+84.7%	Cons. · Japanese GAAP
FYE Mar 2023	54.0	−6.8%	Cons. · Japanese GAAP
FYE Mar 2024	63.6	+17.7%	Cons. · Japanese GAAP
FYE Mar 2025	74.7	+17.5%	Cons. · Japanese GAAP
FYE Mar 2026	75.8	+1.4%	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 ¥76bn

CAGR · 10 yrs +13.9%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	23.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	51.7	+119.1%	Cons. · Japanese GAAP
FYE Mar 2019	77.1	+49.2%	Cons. · Japanese GAAP
FYE Mar 2020	49.2	−36.2%	Cons. · Japanese GAAP
FYE Mar 2021	22.7	−53.9%	Cons. · Japanese GAAP
FYE Mar 2022	44.1	+94.2%	Cons. · Japanese GAAP
FYE Mar 2023	46.0	+4.4%	Cons. · Japanese GAAP
FYE Mar 2024	60.6	+31.6%	Cons. · Japanese GAAP
FYE Mar 2025	74.7	+23.3%	Cons. · Japanese GAAP
FYE Mar 2026	75.8	+1.4%	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 n/a

CAGR · 8 yrs −2.2%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	3.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.1	+74.5%	Cons. · Japanese GAAP
FYE Mar 2019	7.0	+14.5%	Cons. · Japanese GAAP
FYE Mar 2020	4.0	−42.9%	Cons. · Japanese GAAP
FYE Mar 2021	8.7	+116.5%	Cons. · Japanese GAAP
FYE Mar 2022	13.8	+59.8%	Cons. · Japanese GAAP
FYE Mar 2023	8.0	−42.2%	Cons. · Japanese GAAP
FYE Mar 2024	3.0	−62.5%	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	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 ¥6.0bn

CAGR · 10 yrs +15.9%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.8	+76.6%	Cons. · Japanese GAAP
FYE Mar 2019	2.5	−10.8%	Cons. · Japanese GAAP
FYE Mar 2020	2.3	−7.3%	Cons. · Japanese GAAP
FYE Mar 2021	3.4	+46.9%	Cons. · Japanese GAAP
FYE Mar 2022	9.1	+166.9%	Cons. · Japanese GAAP
FYE Mar 2023	8.0	−12.7%	Cons. · Japanese GAAP
FYE Mar 2024	7.0	−11.8%	Cons. · Japanese GAAP
FYE Mar 2025	6.9	−2.1%	Cons. · Japanese GAAP
FYE Mar 2026	6.0	−12.5%	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 ¥0.1bn

CAGR · 10 yrs −13.8%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	+156.6%	Cons. · Japanese GAAP
FYE Mar 2019	0.8	−25.6%	Cons. · Japanese GAAP
FYE Mar 2020	0.6	−19.0%	Cons. · Japanese GAAP
FYE Mar 2021	0.5	−21.6%	Cons. · Japanese GAAP
FYE Mar 2022	2.1	+335.3%	Cons. · Japanese GAAP
FYE Mar 2023	1.6	−25.2%	Cons. · Japanese GAAP
FYE Mar 2024	1.0	−33.4%	Cons. · Japanese GAAP
FYE Mar 2025	0.6	−44.8%	Cons. · Japanese GAAP
FYE Mar 2026	0.1	−81.9%	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 39.8%

Average · 10 yrs 45.7%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	47.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	47.1	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	44.2	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2020	50.2	+5.9pp	Cons. · Japanese GAAP
FYE Mar 2021	52.7	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2022	46.9	−5.8pp	Cons. · Japanese GAAP
FYE Mar 2023	38.6	−8.3pp	Cons. · Japanese GAAP
FYE Mar 2024	44.2	+5.6pp	Cons. · Japanese GAAP
FYE Mar 2025	45.4	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	39.8	−5.6pp	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 27.2%

Average · 10 yrs 34.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	26.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	46.0	+19.7pp	Cons. · Japanese GAAP
FYE Mar 2019	63.5	+17.5pp	Cons. · Japanese GAAP
FYE Mar 2020	40.3	−23.2pp	Cons. · Japanese GAAP
FYE Mar 2021	22.1	−18.2pp	Cons. · Japanese GAAP
FYE Mar 2022	34.1	+12.0pp	Cons. · Japanese GAAP
FYE Mar 2023	27.0	−7.0pp	Cons. · Japanese GAAP
FYE Mar 2024	26.0	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2025	29.6	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2026	27.2	−2.4pp	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 10.0%

Average · 10 yrs 10.9%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	6.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.1	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2019	6.7	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2020	4.3	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2021	7.6	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2022	15.2	+7.5pp	Cons. · Japanese GAAP
FYE Mar 2023	20.5	+5.4pp	Cons. · Japanese GAAP
FYE Mar 2024	19.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	10.0	−9.7pp	Cons. · Japanese GAAP
FYE Mar 2026	10.0	−0.1pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 4.0%

Average · 10 yrs 4.9%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.3	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	3.0	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	2.1	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	4.0	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2022	7.1	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2023	7.9	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	8.7	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	4.5	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2026	4.0	−0.6pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 1.73×

CAGR · 10 yrs −0.7%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.85	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.89	+2.0%	Cons. · Japanese GAAP
FYE Mar 2019	1.75	−7.3%	Cons. · Japanese GAAP
FYE Mar 2020	1.98	+13.0%	Cons. · Japanese GAAP
FYE Mar 2021	2.05	+3.8%	Cons. · Japanese GAAP
FYE Mar 2022	2.10	+2.3%	Cons. · Japanese GAAP
FYE Mar 2023	1.99	−5.4%	Cons. · Japanese GAAP
FYE Mar 2024	1.86	−6.3%	Cons. · Japanese GAAP
FYE Mar 2025	1.86	−0.2%	Cons. · Japanese GAAP
FYE Mar 2026	1.73	−6.8%	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 ¥19bn

CAGR · 10 yrs +21.9%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	3.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-28.6	−1002.3%	Cons. · Japanese GAAP
FYE Mar 2019	-30.2	n/a	Cons. · Japanese GAAP
FYE Mar 2020	45.8	n/a	Cons. · Japanese GAAP
FYE Mar 2021	38.1	−16.8%	Cons. · Japanese GAAP
FYE Mar 2022	-15.5	−140.8%	Cons. · Japanese GAAP
FYE Mar 2023	38.9	n/a	Cons. · Japanese GAAP
FYE Mar 2024	39.9	+2.7%	Cons. · Japanese GAAP
FYE Mar 2025	24.2	−39.3%	Cons. · Japanese GAAP
FYE Mar 2026	18.8	−22.5%	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 -¥1.3bn

Average · 10 yrs -¥5.3bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-1.8	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-7.3	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-8.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-18.5	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-1.3	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 -¥15bn

Average · 10 yrs -¥6.0bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-8.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	43.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	21.9	−49.8%	Cons. · Japanese GAAP
FYE Mar 2020	-35.8	−263.3%	Cons. · Japanese GAAP
FYE Mar 2021	-26.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	14.4	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-27.1	−288.6%	Cons. · Japanese GAAP
FYE Mar 2024	-23.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-4.2	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-15.2	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 ¥54bn

CAGR · 10 yrs +14.9%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	15.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	28.8	+85.3%	Cons. · Japanese GAAP
FYE Mar 2019	14.0	−51.3%	Cons. · Japanese GAAP
FYE Mar 2020	14.7	+4.7%	Cons. · Japanese GAAP
FYE Mar 2021	25.4	+73.3%	Cons. · Japanese GAAP
FYE Mar 2022	25.1	−1.3%	Cons. · Japanese GAAP
FYE Mar 2023	37.5	+49.4%	Cons. · Japanese GAAP
FYE Mar 2024	38.6	+3.0%	Cons. · Japanese GAAP
FYE Mar 2025	48.5	+25.4%	Cons. · Japanese GAAP
FYE Mar 2026	54.4	+12.2%	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 ¥17bn

CAGR · 10 yrs +26.6%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	2.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-30.4	−1557.3%	Cons. · Japanese GAAP
FYE Mar 2019	-37.4	n/a	Cons. · Japanese GAAP
FYE Mar 2020	36.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	35.9	−2.6%	Cons. · Japanese GAAP
FYE Mar 2022	-17.2	−147.9%	Cons. · Japanese GAAP
FYE Mar 2023	38.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	21.5	−43.5%	Cons. · Japanese GAAP
FYE Mar 2025	14.7	−31.8%	Cons. · Japanese GAAP
FYE Mar 2026	17.5	+19.2%	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 1.5%

Average · 10 yrs 1.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	0.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-5.7	−6.5pp	Cons. · Japanese GAAP
FYE Mar 2019	-5.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	8.8	+14.5pp	Cons. · Japanese GAAP
FYE Mar 2021	6.9	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2022	-2.0	−8.9pp	Cons. · Japanese GAAP
FYE Mar 2023	3.8	+5.8pp	Cons. · Japanese GAAP
FYE Mar 2024	3.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	2.3	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2026	1.5	−0.8pp	Cons. · Japanese GAAP

Definition: How much of the revenue turned into cash
Formula: Operating cash flow ÷ revenue
Source: Securities report (XBRL)

Net cash

FYE Mar 2026 -¥21bn

Average · 10 yrs -¥28bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-11.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-29.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-70.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-38.5	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-5.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-32.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-16.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-25.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-26.3	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-21.4	n/a	Cons. · Japanese GAAP

Definition: Cash on hand once the borrowings are paid off
Formula: Cash and equivalents − interest-bearing debt
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Mar 2026 ¥415bn

Change · 10 yrs +¥322bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	92.7	n/a
FYE Mar 2018	120	n/a
FYE Mar 2019	94.6	n/a
FYE Mar 2020	84.7	n/a
FYE Mar 2021	139	n/a
FYE Mar 2022	167	n/a
FYE Mar 2023	231	n/a
FYE Mar 2024	450	n/a
FYE Mar 2025	346	n/a
FYE Mar 2026	415	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 2,318¥

Change · 10 yrs +740¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,577	n/a
FYE Mar 2018	1,917	n/a
FYE Mar 2019	1,506	n/a
FYE Mar 2020	1,343	n/a
FYE Mar 2021	2,210	n/a
FYE Mar 2022	2,655	n/a
FYE Mar 2023	3,790	n/a
FYE Mar 2024	7,390	n/a
FYE Mar 2025	1,931	n/a
FYE Mar 2026	2,318	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 179,072,000shares

Change · 10 yrs +120,280,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	58,792,000	Parent
FYE Mar 2018	62,812,000	Parent
FYE Mar 2019	62,812,000	Parent
FYE Mar 2020	63,030,000	Parent
FYE Mar 2021	63,030,000	Parent
FYE Mar 2022	63,030,000	Parent
FYE Mar 2023	60,857,000	Parent
FYE Mar 2024	60,857,000	Parent
FYE Mar 2025	179,072,000	Parent
FYE Mar 2026	179,072,000	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 155.54¥

Change · 10 yrs +41.23¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	114.31	Cons.
FYE Mar 2018	206.08	Cons.
FYE Mar 2019	142.03	Cons.
FYE Mar 2020	90.14	Cons.
FYE Mar 2021	58.46	Cons.
FYE Mar 2022	138.30	Cons.
FYE Mar 2023	221.63	Cons.
FYE Mar 2024	264.88	Cons.
FYE Mar 2025	140.93	Cons.
FYE Mar 2026	155.54	Cons.

Definition: Net profit for each share
Formula: Net profit ÷ average shares outstanding
Source: Securities report (XBRL)

BPS book value per share

FYE Mar 2026 1,557.65¥

Change · 10 yrs −194.63¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,752.28	Cons. · Japanese GAAP
FYE Mar 2018	1,999.78	Cons. · Japanese GAAP
FYE Mar 2019	2,107.65	Cons. · Japanese GAAP
FYE Mar 2020	2,095.81	Cons. · Japanese GAAP
FYE Mar 2021	2,255.81	Cons. · Japanese GAAP
FYE Mar 2022	2,699.22	Cons. · Japanese GAAP
FYE Mar 2023	3,282.99	Cons. · Japanese GAAP
FYE Mar 2024	4,014.56	Cons. · Japanese GAAP
FYE Mar 2025	1,409.57	Cons. · Japanese GAAP
FYE Mar 2026	1,557.65	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 14.90×

Average · 10 yrs 11.12×

Fiscal year	PER ×	Basis
FYE Mar 2017	13.80	Cons.
FYE Mar 2018	9.30	Cons.
FYE Mar 2019	10.60	Cons.
FYE Mar 2020	14.90	Cons.
FYE Mar 2021	12.60	Cons.
FYE Mar 2022	6.40	Cons.
FYE Mar 2023	5.70	Cons.
FYE Mar 2024	9.30	Cons.
FYE Mar 2025	13.70	Cons.
FYE Mar 2026	14.90	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 1.48×

Average · 10 yrs 1.09×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.84	Cons.
FYE Mar 2018	0.95	Cons.
FYE Mar 2019	0.71	Cons.
FYE Mar 2020	0.63	Cons.
FYE Mar 2021	0.97	Cons.
FYE Mar 2022	0.97	Cons.
FYE Mar 2023	1.15	Cons.
FYE Mar 2024	1.81	Cons.
FYE Mar 2025	1.36	Cons.
FYE Mar 2026	1.48	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 5,261people

Change · 10 yrs +2,550 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	2,711	n/a	Cons.
FYE Mar 2018	3,114	+14.9%	Cons.
FYE Mar 2019	3,363	+8.0%	Cons.
FYE Mar 2020	3,453	+2.7%	Cons.
FYE Mar 2021	3,513	+1.7%	Cons.
FYE Mar 2022	3,925	+11.7%	Cons.
FYE Mar 2023	4,203	+7.1%	Cons.
FYE Mar 2024	4,768	+13.4%	Cons.
FYE Mar 2025	5,071	+6.4%	Cons.
FYE Mar 2026	5,261	+3.7%	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 42people

Change · 10 yrs −28 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	70	n/a	Parent
FYE Mar 2018	107	+52.9%	Parent
FYE Mar 2019	106	−0.9%	Parent
FYE Mar 2020	113	+6.6%	Parent
FYE Mar 2021	25	−77.9%	Parent
FYE Mar 2022	28	+12.0%	Parent
FYE Mar 2023	30	+7.1%	Parent
FYE Mar 2024	35	+16.7%	Parent
FYE Mar 2025	38	+8.6%	Parent
FYE Mar 2026	42	+10.5%	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 1,629万円

Change · 8 yrs +705万円

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	923	n/a	Parent
FYE Mar 2020	1,021	+10.5%	Parent
FYE Mar 2021	1,634	+60.1%	Parent
FYE Mar 2022	1,874	+14.7%	Parent
FYE Mar 2023	1,719	−8.2%	Parent
FYE Mar 2024	1,889	+9.8%	Parent
FYE Mar 2025	1,750	−7.4%	Parent
FYE Mar 2026	1,629	−6.9%	Parent

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

Average age

FYE Mar 2026 50.3years

Change · 8 yrs +6.3 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	44.0	n/a	Parent
FYE Mar 2020	44.4	+0.9%	Parent
FYE Mar 2021	48.6	+9.5%	Parent
FYE Mar 2022	49.2	+1.2%	Parent
FYE Mar 2023	49.6	+0.8%	Parent
FYE Mar 2024	51.5	+3.8%	Parent
FYE Mar 2025	51.5	−0.0%	Parent
FYE Mar 2026	50.3	−2.3%	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 19.2years

Change · 8 yrs +5.4 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	13.8	n/a	Parent
FYE Mar 2020	14.4	+4.3%	Parent
FYE Mar 2021	20.7	+43.7%	Parent
FYE Mar 2022	21.4	+3.4%	Parent
FYE Mar 2023	21.8	+1.9%	Parent
FYE Mar 2024	21.9	+0.5%	Parent
FYE Mar 2025	20.9	−4.6%	Parent
FYE Mar 2026	19.2	−8.1%	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 551people

Change · 10 yrs +238 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	313	n/a	n/a
FYE Mar 2018	316	+1.0%	n/a
FYE Mar 2019	346	+9.5%	n/a
FYE Mar 2020	381	+10.1%	n/a
FYE Mar 2021	384	+0.8%	n/a
FYE Mar 2022	426	+10.9%	n/a
FYE Mar 2023	458	+7.5%	n/a
FYE Mar 2024	495	+8.1%	n/a
FYE Mar 2025	542	+9.5%	n/a
FYE Mar 2026	551	+1.7%	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 ¥231m

Change · 10 yrs +¥83.8m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	147	n/a	Cons.
FYE Mar 2018	162	+10.1%	Cons.
FYE Mar 2019	156	−3.7%	Cons.
FYE Mar 2020	151	−3.2%	Cons.
FYE Mar 2021	158	+4.5%	Cons.
FYE Mar 2022	194	+23.1%	Cons.
FYE Mar 2023	245	+26.2%	Cons.
FYE Mar 2024	216	−11.9%	Cons.
FYE Mar 2025	204	−5.5%	Cons.
FYE Mar 2026	231	+13.2%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥8.0m

Change · 10 yrs +¥4.1m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	3.9	n/a	Cons.
FYE Mar 2018	4.9	+26.0%	Cons.
FYE Mar 2019	4.6	−6.4%	Cons.
FYE Mar 2020	4.2	−8.2%	Cons.
FYE Mar 2021	5.3	+27.7%	Cons.
FYE Mar 2022	9.4	+75.0%	Cons.
FYE Mar 2023	14.7	+56.8%	Cons.
FYE Mar 2024	13.4	−8.9%	Cons.
FYE Mar 2025	7.8	−41.5%	Cons.
FYE Mar 2026	8.0	+2.0%	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 →

Data API

Macnica Holdings’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/3132/company.json ·/api/3132/history.json ·/api/3132/ceo.json ·/api/3132/financials.json ·/api/3132/financials/segment.json ·/api/3132/financials/pl.json ·/api/3132/financials/cf.json ·/api/3132/financials/bs.json ·/api/3132/financials/employee.json ·/api/3132/financials/stock.json ·/api/3132/financials.csv ·/api/3132/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json