Financials

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

FYE Mar 2026 · Revenue¥1.25tnYoY +8.3%

FYE Mar 2026 · Operating profit¥167bnYoY +18.6%

FYE Mar 2026 · Net profit¥97bnYoY +24.7%

FYE Mar 2026 · Equity ratio26.3%YoY +1.0pp

FYE Mar 2026 · Group employees21,036YoY −862

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥809bn	n/a	¥73bn	n/a	9.1%	¥32bn	Okuma Yuji	—
FYE Mar 2018Consolidated	¥866bn	+7.1%	¥78bn	+5.9%	9.0%	¥35bn	Okuma Yuji	—
FYE Mar 2019Consolidated	¥902bn	+4.1%	¥80bn	+3.5%	8.9%	¥37bn	Okuma Yuji	—
FYE Mar 2020Consolidated	¥963bn	+6.8%	¥79bn	−1.1%	8.2%	¥39bn	Okuma Yuji	<a class="en-history_person" href="/tse/3289/executives/ceo/nishikawa-hironori/" hreflang="ja">Nishikawa Hironori</a> president; renewables named a pillar
FYE Mar 2021Consolidated	¥908bn	−5.8%	¥57bn	−28.7%	6.2%	¥22bn	Okuma Yuji	—
FYE Mar 2022Consolidated	¥989bn	+9.0%	¥84bn	+48.3%	8.5%	¥35bn	Nishikawa Hironori	—
FYE Mar 2023Consolidated	¥1.01tn	+1.7%	¥110bn	+31.7%	11.0%	¥48bn	Nishikawa Hironori	Tokyu Hands sold to Cainz
FYE Mar 2024Consolidated	¥1.10tn	+9.7%	¥120bn	+8.9%	10.9%	¥69bn	Nishikawa Hironori	Operating revenue <span class="en-history_money" data-yen="1005800000000" data-year="2023">$7.2B (¥1.01tn)</span>; Shibuya Sakura Stage
FYE Mar 2025Consolidated	¥1.15tn	+4.3%	¥141bn	+17.1%	12.2%	¥78bn	Hoshino Hiroaki	—
FYE Mar 2026Consolidated	¥1.25tn	+8.3%	¥167bn	+18.6%	13.4%	¥97bn	Hoshino Hiroaki	Renewable Japan consolidated after a tender offer

How it compares

Mitsui Fudosan¥2.71tnFY2025Operating margin 14.7%Mitsubishi Estate¥1.75tnFY2025Operating margin 18.9%

Tokyu Fudosan Holdings¥1.25tnFY2025Operating margin 13.4%

Sumitomo Realty & Development¥1.06tnFY2025Operating margin 28.3%Nomura Real Estate Holdings¥943bnFY2025Operating margin 14.7%Hulic¥727bnFY2025Operating margin 25.7%Tokyo Tatemono¥475bnFY2025Operating margin 20.2%Mori Building Co., Ltd.¥411bnFY2025Operating margin 23.8%

DAIKYO INCORPORATEDDelisted 2019

Nihonkuukoubirudengu¥290bnFY2025Operating margin 15.5%

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 ¥1.25tn

CAGR · 10 yrs +4.9%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	809	n/a	Cons. · Japanese GAAP
FYE Mar 2018	866	+7.1%	Cons. · Japanese GAAP
FYE Mar 2019	902	+4.1%	Cons. · Japanese GAAP
FYE Mar 2020	963	+6.8%	Cons. · Japanese GAAP
FYE Mar 2021	908	−5.8%	Cons. · Japanese GAAP
FYE Mar 2022	989	+9.0%	Cons. · Japanese GAAP
FYE Mar 2023	1,006	+1.7%	Cons. · Japanese GAAP
FYE Mar 2024	1,103	+9.7%	Cons. · Japanese GAAP
FYE Mar 2025	1,150	+4.3%	Cons. · Japanese GAAP
FYE Mar 2026	1,246	+8.3%	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 ¥961bn

CAGR · 10 yrs +4.7%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	635	n/a	Cons. · Japanese GAAP
FYE Mar 2018	684	+7.6%	Cons. · Japanese GAAP
FYE Mar 2019	708	+3.6%	Cons. · Japanese GAAP
FYE Mar 2020	761	+7.5%	Cons. · Japanese GAAP
FYE Mar 2021	743	−2.4%	Cons. · Japanese GAAP
FYE Mar 2022	795	+7.0%	Cons. · Japanese GAAP
FYE Mar 2023	809	+1.7%	Cons. · Japanese GAAP
FYE Mar 2024	887	+9.7%	Cons. · Japanese GAAP
FYE Mar 2025	905	+2.0%	Cons. · Japanese GAAP
FYE Mar 2026	961	+6.1%	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 ¥285bn

CAGR · 10 yrs +5.7%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	173	n/a	Cons. · Japanese GAAP
FYE Mar 2018	182	+5.5%	Cons. · Japanese GAAP
FYE Mar 2019	193	+6.0%	Cons. · Japanese GAAP
FYE Mar 2020	202	+4.3%	Cons. · Japanese GAAP
FYE Mar 2021	165	−18.3%	Cons. · Japanese GAAP
FYE Mar 2022	194	+17.7%	Cons. · Japanese GAAP
FYE Mar 2023	197	+1.7%	Cons. · Japanese GAAP
FYE Mar 2024	216	+9.6%	Cons. · Japanese GAAP
FYE Mar 2025	245	+13.6%	Cons. · Japanese GAAP
FYE Mar 2026	285	+16.4%	Cons. · Japanese GAAP

Definition: What the product or service itself earns
Formula: Revenue − cost of sales
Source: Securities report (XBRL)

SG&A selling, general and administrative expenses

FYE Mar 2026 ¥119bn

CAGR · 10 yrs +1.9%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	99.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	105	+5.2%	Cons. · Japanese GAAP
FYE Mar 2019	113	+7.9%	Cons. · Japanese GAAP
FYE Mar 2020	122	+8.1%	Cons. · Japanese GAAP
FYE Mar 2021	108	−11.5%	Cons. · Japanese GAAP
FYE Mar 2022	110	+1.7%	Cons. · Japanese GAAP
FYE Mar 2023	86.7	−21.2%	Cons. · Japanese GAAP
FYE Mar 2024	95.8	+10.4%	Cons. · Japanese GAAP
FYE Mar 2025	105	+9.1%	Cons. · Japanese GAAP
FYE Mar 2026	119	+13.4%	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 ¥167bn

CAGR · 10 yrs +9.6%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	73.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	77.5	+5.9%	Cons. · Japanese GAAP
FYE Mar 2019	80.2	+3.5%	Cons. · Japanese GAAP
FYE Mar 2020	79.3	−1.1%	Cons. · Japanese GAAP
FYE Mar 2021	56.5	−28.7%	Cons. · Japanese GAAP
FYE Mar 2022	83.8	+48.3%	Cons. · Japanese GAAP
FYE Mar 2023	110	+31.7%	Cons. · Japanese GAAP
FYE Mar 2024	120	+8.9%	Cons. · Japanese GAAP
FYE Mar 2025	141	+17.1%	Cons. · Japanese GAAP
FYE Mar 2026	167	+18.6%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥5.7bn

CAGR · 10 yrs +17.8%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.4	+10.0%	Cons. · Japanese GAAP
FYE Mar 2019	2.4	+67.3%	Cons. · Japanese GAAP
FYE Mar 2020	1.4	−39.8%	Cons. · Japanese GAAP
FYE Mar 2021	3.8	+162.7%	Cons. · Japanese GAAP
FYE Mar 2022	3.3	−13.1%	Cons. · Japanese GAAP
FYE Mar 2023	2.6	−19.7%	Cons. · Japanese GAAP
FYE Mar 2024	4.1	+53.8%	Cons. · Japanese GAAP
FYE Mar 2025	5.2	+28.4%	Cons. · Japanese GAAP
FYE Mar 2026	5.7	+8.8%	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 ¥25bn

CAGR · 10 yrs +9.5%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	10.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.3	−5.9%	Cons. · Japanese GAAP
FYE Mar 2019	11.9	+15.5%	Cons. · Japanese GAAP
FYE Mar 2020	13.3	+11.8%	Cons. · Japanese GAAP
FYE Mar 2021	13.7	+3.7%	Cons. · Japanese GAAP
FYE Mar 2022	14.3	+3.8%	Cons. · Japanese GAAP
FYE Mar 2023	13.5	−5.5%	Cons. · Japanese GAAP
FYE Mar 2024	13.9	+3.1%	Cons. · Japanese GAAP
FYE Mar 2025	16.8	+21.0%	Cons. · Japanese GAAP
FYE Mar 2026	24.7	+47.1%	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 ¥148bn

CAGR · 10 yrs +9.8%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	63.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	68.7	+8.0%	Cons. · Japanese GAAP
FYE Mar 2019	70.7	+3.0%	Cons. · Japanese GAAP
FYE Mar 2020	67.5	−4.6%	Cons. · Japanese GAAP
FYE Mar 2021	46.6	−31.0%	Cons. · Japanese GAAP
FYE Mar 2022	72.8	+56.4%	Cons. · Japanese GAAP
FYE Mar 2023	99.6	+36.7%	Cons. · Japanese GAAP
FYE Mar 2024	110	+10.9%	Cons. · Japanese GAAP
FYE Mar 2025	129	+17.0%	Cons. · Japanese GAAP
FYE Mar 2026	148	+14.4%	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 ¥9.8bn

CAGR · 10 yrs +53.2%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.0	−77.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.1	+148.9%	Cons. · Japanese GAAP
FYE Mar 2020	0.1	−33.3%	Cons. · Japanese GAAP
FYE Mar 2021	7.3	+9230.8%	Cons. · Japanese GAAP
FYE Mar 2022	7.1	−3.0%	Cons. · Japanese GAAP
FYE Mar 2023	1.9	−73.6%	Cons. · Japanese GAAP
FYE Mar 2024	0.5	−74.1%	Cons. · Japanese GAAP
FYE Mar 2025	6.3	+1196.3%	Cons. · Japanese GAAP
FYE Mar 2026	9.8	+56.2%	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 ¥97bn

CAGR · 10 yrs +13.3%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	31.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.2	+11.6%	Cons. · Japanese GAAP
FYE Mar 2019	37.5	+6.5%	Cons. · Japanese GAAP
FYE Mar 2020	38.6	+3.1%	Cons. · Japanese GAAP
FYE Mar 2021	21.7	−43.9%	Cons. · Japanese GAAP
FYE Mar 2022	35.1	+62.1%	Cons. · Japanese GAAP
FYE Mar 2023	48.2	+37.3%	Cons. · Japanese GAAP
FYE Mar 2024	68.5	+42.1%	Cons. · Japanese GAAP
FYE Mar 2025	77.6	+13.2%	Cons. · Japanese GAAP
FYE Mar 2026	96.7	+24.7%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 22.9%

Average · 10 yrs 20.6%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	21.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.1	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	21.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	20.9	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	18.2	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2022	19.6	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	19.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	19.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	21.3	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2026	22.9	+1.6pp	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 13.4%

Average · 10 yrs 9.7%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	9.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	8.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	8.2	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	6.2	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2022	8.5	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2023	11.0	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2024	10.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	12.2	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2026	13.4	+1.2pp	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 11.9%

Average · 10 yrs 8.6%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	7.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	7.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	7.0	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	5.1	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2022	7.4	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2023	9.9	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2024	10.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	11.2	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	11.9	+0.6pp	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 7.8%

Average · 10 yrs 4.8%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	3.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	4.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	4.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	2.4	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2022	3.6	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	4.8	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	6.2	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2025	6.7	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	7.8	+1.0pp	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 77.1%

Average · 10 yrs 79.4%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	78.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	78.9	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	78.6	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	79.1	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	81.8	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2022	80.4	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	80.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	80.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	78.7	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2026	77.1	−1.6pp	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 9.5%

Average · 10 yrs 10.9%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	12.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	12.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	12.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	11.9	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	11.1	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2023	8.6	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2024	8.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	9.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	9.5	+0.4pp	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 ¥3.42tn

CAGR · 10 yrs +5.8%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	2,067	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,173	+5.1%	Cons. · Japanese GAAP
FYE Mar 2019	2,405	+10.7%	Cons. · Japanese GAAP
FYE Mar 2020	2,487	+3.4%	Cons. · Japanese GAAP
FYE Mar 2021	2,652	+6.6%	Cons. · Japanese GAAP
FYE Mar 2022	2,634	−0.7%	Cons. · Japanese GAAP
FYE Mar 2023	2,738	+4.0%	Cons. · Japanese GAAP
FYE Mar 2024	3,031	+10.7%	Cons. · Japanese GAAP
FYE Mar 2025	3,260	+7.6%	Cons. · Japanese GAAP
FYE Mar 2026	3,419	+4.9%	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 ¥898bn

CAGR · 10 yrs +8.2%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	442	n/a	Cons. · Japanese GAAP
FYE Mar 2018	468	+5.8%	Cons. · Japanese GAAP
FYE Mar 2019	561	+19.9%	Cons. · Japanese GAAP
FYE Mar 2020	583	+3.9%	Cons. · Japanese GAAP
FYE Mar 2021	597	+2.3%	Cons. · Japanese GAAP
FYE Mar 2022	632	+5.9%	Cons. · Japanese GAAP
FYE Mar 2023	685	+8.4%	Cons. · Japanese GAAP
FYE Mar 2024	750	+9.6%	Cons. · Japanese GAAP
FYE Mar 2025	823	+9.6%	Cons. · Japanese GAAP
FYE Mar 2026	898	+9.2%	Cons. · Japanese GAAP

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

Interest-bearing debt

FYE Mar 2026 ¥1.49tn

CAGR · 10 yrs +5.2%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	938	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,015	+8.2%	Cons. · Japanese GAAP
FYE Mar 2019	1,084	+6.8%	Cons. · Japanese GAAP
FYE Mar 2020	1,051	−3.0%	Cons. · Japanese GAAP
FYE Mar 2021	1,189	+13.1%	Cons. · Japanese GAAP
FYE Mar 2022	1,142	−4.0%	Cons. · Japanese GAAP
FYE Mar 2023	1,203	+5.4%	Cons. · Japanese GAAP
FYE Mar 2024	1,300	+8.1%	Cons. · Japanese GAAP
FYE Mar 2025	1,436	+10.5%	Cons. · Japanese GAAP
FYE Mar 2026	1,486	+3.5%	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 ¥206bn

CAGR · 10 yrs −2.4%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	257	n/a	Cons. · Japanese GAAP
FYE Mar 2018	180	−30.1%	Cons. · Japanese GAAP
FYE Mar 2019	163	−9.1%	Cons. · Japanese GAAP
FYE Mar 2020	234	+43.0%	Cons. · Japanese GAAP
FYE Mar 2021	124	−46.9%	Cons. · Japanese GAAP
FYE Mar 2022	158	+27.8%	Cons. · Japanese GAAP
FYE Mar 2023	156	−1.3%	Cons. · Japanese GAAP
FYE Mar 2024	147	−5.8%	Cons. · Japanese GAAP
FYE Mar 2025	234	+59.0%	Cons. · Japanese GAAP
FYE Mar 2026	206	−12.0%	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 ¥1.28tn

CAGR · 10 yrs +7.3%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	681	n/a	Cons. · Japanese GAAP
FYE Mar 2018	835	+22.6%	Cons. · Japanese GAAP
FYE Mar 2019	921	+10.3%	Cons. · Japanese GAAP
FYE Mar 2020	907	−1.4%	Cons. · Japanese GAAP
FYE Mar 2021	1,065	+17.3%	Cons. · Japanese GAAP
FYE Mar 2022	983	−7.7%	Cons. · Japanese GAAP
FYE Mar 2023	1,047	+6.4%	Cons. · Japanese GAAP
FYE Mar 2024	1,153	+10.2%	Cons. · Japanese GAAP
FYE Mar 2025	1,202	+4.2%	Cons. · Japanese GAAP
FYE Mar 2026	1,280	+6.5%	Cons. · Japanese GAAP

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

Bonds

FYE Mar 2026 n/a

CAGR · 9 yrs +12.7%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	120	n/a	Cons. · Japanese GAAP
FYE Mar 2018	196	+63.2%	Cons. · Japanese GAAP
FYE Mar 2019	186	−5.1%	Cons. · Japanese GAAP
FYE Mar 2020	220	+18.4%	Cons. · Japanese GAAP
FYE Mar 2021	270	+22.7%	Cons. · Japanese GAAP
FYE Mar 2022	280	+3.7%	Cons. · Japanese GAAP
FYE Mar 2023	270	−3.6%	Cons. · Japanese GAAP
FYE Mar 2024	290	+7.4%	Cons. · Japanese GAAP
FYE Mar 2025	312	+7.5%	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

Definition: Bonds outstanding
Formula: Bonds line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥99bn

CAGR · 10 yrs −1.3%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	111	n/a	Cons. · Japanese GAAP
FYE Mar 2018	107	−3.4%	Cons. · Japanese GAAP
FYE Mar 2019	113	+5.4%	Cons. · Japanese GAAP
FYE Mar 2020	113	−0.2%	Cons. · Japanese GAAP
FYE Mar 2021	110	−3.0%	Cons. · Japanese GAAP
FYE Mar 2022	108	−1.3%	Cons. · Japanese GAAP
FYE Mar 2023	106	−2.2%	Cons. · Japanese GAAP
FYE Mar 2024	83.5	−21.1%	Cons. · Japanese GAAP
FYE Mar 2025	98.3	+17.7%	Cons. · Japanese GAAP
FYE Mar 2026	98.7	+0.4%	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 ¥49bn

CAGR · 10 yrs −6.2%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	88.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	82.6	−6.2%	Cons. · Japanese GAAP
FYE Mar 2019	77.1	−6.6%	Cons. · Japanese GAAP
FYE Mar 2020	71.7	−7.0%	Cons. · Japanese GAAP
FYE Mar 2021	66.4	−7.4%	Cons. · Japanese GAAP
FYE Mar 2022	60.7	−8.5%	Cons. · Japanese GAAP
FYE Mar 2023	53.4	−12.1%	Cons. · Japanese GAAP
FYE Mar 2024	43.5	−18.6%	Cons. · Japanese GAAP
FYE Mar 2025	49.7	+14.3%	Cons. · Japanese GAAP
FYE Mar 2026	49.3	−0.9%	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 26.3%

Average · 10 yrs 23.7%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	21.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	23.3	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2020	23.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	22.5	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	24.0	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	25.0	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	24.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	25.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	26.3	+1.0pp	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 165.4%

Average · 10 yrs 187.1%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	212.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	216.7	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2019	193.1	−23.6pp	Cons. · Japanese GAAP
FYE Mar 2020	180.2	−12.9pp	Cons. · Japanese GAAP
FYE Mar 2021	199.2	+19.0pp	Cons. · Japanese GAAP
FYE Mar 2022	180.7	−18.5pp	Cons. · Japanese GAAP
FYE Mar 2023	175.7	−5.0pp	Cons. · Japanese GAAP
FYE Mar 2024	173.3	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2025	174.6	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2026	165.4	−9.1pp	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 10.8%

Average · 10 yrs 7.4%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	7.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.5	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	6.7	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	6.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	3.6	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2022	5.6	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2023	7.0	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2024	9.1	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2025	9.4	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	10.8	+1.3pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 2.8%

Average · 10 yrs 1.8%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.6	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	1.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	1.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	0.8	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	1.3	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	1.8	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	2.3	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	2.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	2.8	+0.4pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.36×

CAGR · 10 yrs −0.8%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.39	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.40	+1.9%	Cons. · Japanese GAAP
FYE Mar 2019	0.37	−5.9%	Cons. · Japanese GAAP
FYE Mar 2020	0.39	+3.3%	Cons. · Japanese GAAP
FYE Mar 2021	0.34	−11.6%	Cons. · Japanese GAAP
FYE Mar 2022	0.38	+9.7%	Cons. · Japanese GAAP
FYE Mar 2023	0.37	−2.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.36	−0.9%	Cons. · Japanese GAAP
FYE Mar 2025	0.35	−3.0%	Cons. · Japanese GAAP
FYE Mar 2026	0.36	+3.3%	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 ¥129bn

CAGR · 10 yrs +7.3%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	68.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.3	−82.2%	Cons. · Japanese GAAP
FYE Mar 2019	44.5	+263.0%	Cons. · Japanese GAAP
FYE Mar 2020	-6.7	−115.0%	Cons. · Japanese GAAP
FYE Mar 2021	100	n/a	Cons. · Japanese GAAP
FYE Mar 2022	76.5	−23.9%	Cons. · Japanese GAAP
FYE Mar 2023	94.7	+23.9%	Cons. · Japanese GAAP
FYE Mar 2024	156	+65.2%	Cons. · Japanese GAAP
FYE Mar 2025	47.4	−69.7%	Cons. · Japanese GAAP
FYE Mar 2026	129	+173.0%	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 -¥164bn

Average · 10 yrs -¥113bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-71.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-96.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-60.4	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-147	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-116	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-31.8	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-120	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-178	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-140	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-164	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 ¥56bn

CAGR · 10 yrs +10.3%

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	23.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	82.4	+257.6%	Cons. · Japanese GAAP
FYE Mar 2019	139	+68.8%	Cons. · Japanese GAAP
FYE Mar 2020	65.1	−53.2%	Cons. · Japanese GAAP
FYE Mar 2021	108	+66.5%	Cons. · Japanese GAAP
FYE Mar 2022	-81.3	−175.0%	Cons. · Japanese GAAP
FYE Mar 2023	42.8	n/a	Cons. · Japanese GAAP
FYE Mar 2024	97.8	+128.6%	Cons. · Japanese GAAP
FYE Mar 2025	1.5	−98.5%	Cons. · Japanese GAAP
FYE Mar 2026	55.8	+3704.0%	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 ¥181bn

CAGR · 10 yrs +12.6%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	61.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	61.7	−0.2%	Cons. · Japanese GAAP
FYE Mar 2019	185	+199.4%	Cons. · Japanese GAAP
FYE Mar 2020	97.0	−47.5%	Cons. · Japanese GAAP
FYE Mar 2021	190	+95.3%	Cons. · Japanese GAAP
FYE Mar 2022	154	−18.8%	Cons. · Japanese GAAP
FYE Mar 2023	171	+10.9%	Cons. · Japanese GAAP
FYE Mar 2024	246	+44.3%	Cons. · Japanese GAAP
FYE Mar 2025	157	−36.1%	Cons. · Japanese GAAP
FYE Mar 2026	181	+14.7%	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 -¥35bn

Average · 10 yrs -¥40bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	-2.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-84.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-15.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-154	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-15.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	44.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-25.3	−156.7%	Cons. · Japanese GAAP
FYE Mar 2024	-21.7	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-92.6	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-35.0	n/a	Cons. · Japanese GAAP

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

Operating cash flow margin

FYE Mar 2026 10.4%

Average · 10 yrs 7.1%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	8.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.4	−7.1pp	Cons. · Japanese GAAP
FYE Mar 2019	4.9	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2020	-0.7	−5.6pp	Cons. · Japanese GAAP
FYE Mar 2021	11.1	+11.8pp	Cons. · Japanese GAAP
FYE Mar 2022	7.7	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2023	9.4	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2024	14.2	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2025	4.1	−10.1pp	Cons. · Japanese GAAP
FYE Mar 2026	10.4	+6.3pp	Cons. · Japanese GAAP

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

Net cash

FYE Mar 2026 -¥1.31tn

Average · 10 yrs -¥1.03tn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-876	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-953	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-899	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-954	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-999	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-988	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-1,032	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-1,054	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-1,279	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-1,305	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 ¥956bn

Change · 10 yrs +¥567bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	388	n/a
FYE Mar 2018	496	n/a
FYE Mar 2019	475	n/a
FYE Mar 2020	371	n/a
FYE Mar 2021	471	n/a
FYE Mar 2022	485	n/a
FYE Mar 2023	455	n/a
FYE Mar 2024	902	n/a
FYE Mar 2025	720	n/a
FYE Mar 2026	956	n/a

Definition: What the market says the company is worth
Formula: Year-end share price × shares outstanding
Source: Securities report (XBRL)

Share price year-end close

FYE Mar 2026 1,327¥

Change · 10 yrs +722¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	606	n/a
FYE Mar 2018	775	n/a
FYE Mar 2019	659	n/a
FYE Mar 2020	516	n/a
FYE Mar 2021	654	n/a
FYE Mar 2022	674	n/a
FYE Mar 2023	632	n/a
FYE Mar 2024	1,253	n/a
FYE Mar 2025	1,000	n/a
FYE Mar 2026	1,327	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 719,830,974shares

Change · 10 yrs +79,000,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	640,830,974	Parent
FYE Mar 2018	640,830,974	Parent
FYE Mar 2019	719,830,974	Parent
FYE Mar 2020	719,830,974	Parent
FYE Mar 2021	719,830,974	Parent
FYE Mar 2022	719,830,974	Parent
FYE Mar 2023	719,830,974	Parent
FYE Mar 2024	719,830,974	Parent
FYE Mar 2025	719,830,974	Parent
FYE Mar 2026	719,830,974	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 135.45¥

Change · 10 yrs +83.68¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	51.77	Cons.
FYE Mar 2018	57.80	Cons.
FYE Mar 2019	56.84	Cons.
FYE Mar 2020	53.70	Cons.
FYE Mar 2021	30.13	Cons.
FYE Mar 2022	48.84	Cons.
FYE Mar 2023	67.21	Cons.
FYE Mar 2024	96.40	Cons.
FYE Mar 2025	108.69	Cons.
FYE Mar 2026	135.45	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 1,247.63¥

Change · 10 yrs +557.40¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	690.23	Cons. · Japanese GAAP
FYE Mar 2018	730.52	Cons. · Japanese GAAP
FYE Mar 2019	779.91	Cons. · Japanese GAAP
FYE Mar 2020	810.32	Cons. · Japanese GAAP
FYE Mar 2021	828.91	Cons. · Japanese GAAP
FYE Mar 2022	877.70	Cons. · Japanese GAAP
FYE Mar 2023	951.10	Cons. · Japanese GAAP
FYE Mar 2024	1,042.12	Cons. · Japanese GAAP
FYE Mar 2025	1,142.67	Cons. · Japanese GAAP
FYE Mar 2026	1,247.63	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 9.80×

Average · 10 yrs 12.32×

Fiscal year	PER ×	Basis
FYE Mar 2017	11.70	Cons.
FYE Mar 2018	13.40	Cons.
FYE Mar 2019	11.60	Cons.
FYE Mar 2020	9.60	Cons.
FYE Mar 2021	21.70	Cons.
FYE Mar 2022	13.80	Cons.
FYE Mar 2023	9.40	Cons.
FYE Mar 2024	13.00	Cons.
FYE Mar 2025	9.20	Cons.
FYE Mar 2026	9.80	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 1.05×

Average · 10 yrs 0.86×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.83	Cons.
FYE Mar 2018	1.01	Cons.
FYE Mar 2019	0.84	Cons.
FYE Mar 2020	0.64	Cons.
FYE Mar 2021	0.79	Cons.
FYE Mar 2022	0.77	Cons.
FYE Mar 2023	0.65	Cons.
FYE Mar 2024	1.19	Cons.
FYE Mar 2025	0.87	Cons.
FYE Mar 2026	1.05	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 21,036people

Change · 10 yrs +615 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	20,421	n/a	Cons.
FYE Mar 2018	21,091	+3.3%	Cons.
FYE Mar 2019	21,976	+4.2%	Cons.
FYE Mar 2020	22,953	+4.4%	Cons.
FYE Mar 2021	23,411	+2.0%	Cons.
FYE Mar 2022	21,276	−9.1%	Cons.
FYE Mar 2023	21,614	+1.6%	Cons.
FYE Mar 2024	21,170	−2.1%	Cons.
FYE Mar 2025	21,898	+3.4%	Cons.
FYE Mar 2026	21,036	−3.9%	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 105people

Change · 10 yrs +53 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	52	n/a	Parent
FYE Mar 2018	56	+7.7%	Parent
FYE Mar 2019	52	−7.1%	Parent
FYE Mar 2020	67	+28.8%	Parent
FYE Mar 2021	74	+10.4%	Parent
FYE Mar 2022	87	+17.6%	Parent
FYE Mar 2023	89	+2.3%	Parent
FYE Mar 2024	100	+12.4%	Parent
FYE Mar 2025	118	+18.0%	Parent
FYE Mar 2026	105	−11.0%	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 1,320万円

Change · 10 yrs +142万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	1,178	n/a	Parent
FYE Mar 2018	1,195	+1.4%	Parent
FYE Mar 2019	1,114	−6.8%	Parent
FYE Mar 2020	1,137	+2.1%	Parent
FYE Mar 2021	1,071	−5.8%	Parent
FYE Mar 2022	1,058	−1.2%	Parent
FYE Mar 2023	1,030	−2.6%	Parent
FYE Mar 2024	1,113	+8.0%	Parent
FYE Mar 2025	1,278	+14.8%	Parent
FYE Mar 2026	1,320	+3.2%	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 42.8years

Change · 8 yrs −1.3 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	44.1	n/a	Parent
FYE Mar 2020	44.3	+0.5%	Parent
FYE Mar 2021	42.5	−4.1%	Parent
FYE Mar 2022	43.4	+2.1%	Parent
FYE Mar 2023	42.3	−2.5%	Parent
FYE Mar 2024	42.0	−0.7%	Parent
FYE Mar 2025	42.8	+1.9%	Parent
FYE Mar 2026	42.8	−0.0%	Parent

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

Average length of service

FYE Mar 2026 15.3years

Change · 10 yrs −5.2 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	20.5	n/a	Parent
FYE Mar 2018	20.2	−1.5%	Parent
FYE Mar 2019	18.2	−9.9%	Parent
FYE Mar 2020	18.3	+0.5%	Parent
FYE Mar 2021	15.7	−14.2%	Parent
FYE Mar 2022	15.6	−0.6%	Parent
FYE Mar 2023	14.3	−8.3%	Parent
FYE Mar 2024	14.3	−0.0%	Parent
FYE Mar 2025	15.1	+5.6%	Parent
FYE Mar 2026	15.3	+1.3%	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 6,746people

Change · 10 yrs −3,770 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	10,516	n/a	n/a
FYE Mar 2018	10,957	+4.2%	n/a
FYE Mar 2019	11,670	+6.5%	n/a
FYE Mar 2020	12,214	+4.7%	n/a
FYE Mar 2021	11,461	−6.2%	n/a
FYE Mar 2022	9,806	−14.4%	n/a
FYE Mar 2023	8,452	−13.8%	n/a
FYE Mar 2024	7,673	−9.2%	n/a
FYE Mar 2025	7,078	−7.8%	n/a
FYE Mar 2026	6,746	−4.7%	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 ¥59.2m

Change · 10 yrs +¥19.6m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	39.6	n/a	Cons.
FYE Mar 2018	41.1	+3.7%	Cons.
FYE Mar 2019	41.0	−0.1%	Cons.
FYE Mar 2020	42.0	+2.3%	Cons.
FYE Mar 2021	38.8	−7.6%	Cons.
FYE Mar 2022	46.5	+19.9%	Cons.
FYE Mar 2023	46.5	+0.1%	Cons.
FYE Mar 2024	52.1	+12.0%	Cons.
FYE Mar 2025	52.5	+0.8%	Cons.
FYE Mar 2026	59.2	+12.8%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥7.9m

Change · 10 yrs +¥4.3m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	3.6	n/a	Cons.
FYE Mar 2018	3.7	+2.5%	Cons.
FYE Mar 2019	3.6	−0.7%	Cons.
FYE Mar 2020	3.5	−5.3%	Cons.
FYE Mar 2021	2.4	−30.1%	Cons.
FYE Mar 2022	3.9	+63.2%	Cons.
FYE Mar 2023	5.1	+29.7%	Cons.
FYE Mar 2024	5.7	+11.2%	Cons.
FYE Mar 2025	6.4	+13.2%	Cons.
FYE Mar 2026	7.9	+23.4%	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 →

Data API

Tokyu Fudosan 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/3289/company.json ·/api/3289/history.json ·/api/3289/ceo.json ·/api/3289/financials.json ·/api/3289/financials/segment.json ·/api/3289/financials/pl.json ·/api/3289/financials/cf.json ·/api/3289/financials/bs.json ·/api/3289/financials/employee.json ·/api/3289/financials/stock.json ·/api/3289/financials.csv ·/api/3289/financials_history.csv

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