Financials

Ship Healthcare Holdings: FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥718bnYoY +5.9%

FYE Mar 2026 · Operating profit¥24bnYoY −1.2%

FYE Mar 2026 · Net profit¥13bnYoY −11.5%

FYE Mar 2026 · Equity ratio39.2%YoY +0.2pp

FYE Mar 2026 · Group employees7,819YoY +14

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥408bn	n/a	¥16bn	n/a	3.9%	¥9.4bn	Ogawa Hirotaka	Konishi Kyowa Holding acquired; PFI and Bangladesh ventures
FYE Mar 2018Consolidated	¥426bn	+4.2%	¥18bn	+13.7%	4.3%	¥10bn	Ogawa Hirotaka	—
FYE Mar 2019Consolidated	¥444bn	+4.3%	¥18bn	−1.7%	4.0%	¥11bn	Ogawa Hirotaka	—
FYE Mar 2020Consolidated	¥484bn	+9.1%	¥19bn	+4.7%	3.9%	¥12bn	Ogawa Hirotaka	Furukawa targets a ¥1 trillion group by FY2025
FYE Mar 2021Consolidated	¥497bn	+2.6%	¥22bn	+16.0%	4.4%	¥12bn	Ogawa Hirotaka	—
FYE Mar 2022Consolidated	¥514bn	+3.5%	¥21bn	−5.9%	4.0%	¥12bn	Ogawa Hirotaka	<a class="en-history_person" href="/tse/3360/executives/ceo/ohashi-futoshi/" hreflang="ja">Ōhashi Futoshi</a> becomes president
FYE Mar 2023Consolidated	¥572bn	+11.3%	¥21bn	+3.1%	3.7%	¥12bn	Ohashi Futoshi	Kingran and eleven subsidiaries acquired
FYE Mar 2024Consolidated	¥631bn	+10.3%	¥25bn	+16.1%	3.9%	¥14bn	Ohashi Futoshi	—
FYE Mar 2025Consolidated	¥678bn	+7.5%	¥25bn	+1.0%	3.7%	¥15bn	Ohashi Futoshi	Starship, M.I.C. and MONAKA added
FYE Mar 2026Consolidated	¥718bn	+5.9%	¥24bn	−1.2%	3.4%	¥13bn	Ohashi Futoshi	SHIP VISION 2030 — 65 subsidiaries to be cut to 49

How it compares

Ship Healthcare Holdings¥718bnFY2025Operating margin 3.4%

H.U. Group Holdings, Inc.¥247bnFY2025Operating margin 1.9%

ARTNATURE INC.¥45bnFY2025Operating margin 7.2%

SUNWELS¥28bnFY2025Operating 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 ¥718bn

CAGR · 10 yrs +6.5%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	408	n/a	Cons. · Japanese GAAP
FYE Mar 2018	426	+4.2%	Cons. · Japanese GAAP
FYE Mar 2019	444	+4.3%	Cons. · Japanese GAAP
FYE Mar 2020	484	+9.1%	Cons. · Japanese GAAP
FYE Mar 2021	497	+2.6%	Cons. · Japanese GAAP
FYE Mar 2022	514	+3.5%	Cons. · Japanese GAAP
FYE Mar 2023	572	+11.3%	Cons. · Japanese GAAP
FYE Mar 2024	631	+10.3%	Cons. · Japanese GAAP
FYE Mar 2025	678	+7.5%	Cons. · Japanese GAAP
FYE Mar 2026	718	+5.9%	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 ¥651bn

CAGR · 10 yrs +6.7%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	364	n/a	Cons. · Japanese GAAP
FYE Mar 2018	378	+4.0%	Cons. · Japanese GAAP
FYE Mar 2019	397	+5.0%	Cons. · Japanese GAAP
FYE Mar 2020	435	+9.4%	Cons. · Japanese GAAP
FYE Mar 2021	443	+1.8%	Cons. · Japanese GAAP
FYE Mar 2022	461	+4.1%	Cons. · Japanese GAAP
FYE Mar 2023	512	+11.1%	Cons. · Japanese GAAP
FYE Mar 2024	565	+10.5%	Cons. · Japanese GAAP
FYE Mar 2025	611	+8.2%	Cons. · Japanese GAAP
FYE Mar 2026	651	+6.5%	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 ¥67bn

CAGR · 10 yrs +4.6%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	44.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	47.1	+5.8%	Cons. · Japanese GAAP
FYE Mar 2019	46.7	−0.9%	Cons. · Japanese GAAP
FYE Mar 2020	49.6	+6.4%	Cons. · Japanese GAAP
FYE Mar 2021	54.5	+9.8%	Cons. · Japanese GAAP
FYE Mar 2022	53.6	−1.5%	Cons. · Japanese GAAP
FYE Mar 2023	60.6	+13.0%	Cons. · Japanese GAAP
FYE Mar 2024	65.6	+8.2%	Cons. · Japanese GAAP
FYE Mar 2025	66.7	+1.7%	Cons. · Japanese GAAP
FYE Mar 2026	66.7	−0.1%	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 ¥42bn

CAGR · 10 yrs +4.5%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	28.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	28.8	+1.4%	Cons. · Japanese GAAP
FYE Mar 2019	28.7	−0.4%	Cons. · Japanese GAAP
FYE Mar 2020	30.8	+7.4%	Cons. · Japanese GAAP
FYE Mar 2021	32.7	+6.0%	Cons. · Japanese GAAP
FYE Mar 2022	33.1	+1.4%	Cons. · Japanese GAAP
FYE Mar 2023	39.5	+19.1%	Cons. · Japanese GAAP
FYE Mar 2024	41.1	+4.0%	Cons. · Japanese GAAP
FYE Mar 2025	42.0	+2.2%	Cons. · Japanese GAAP
FYE Mar 2026	42.2	+0.6%	Cons. · Japanese GAAP

Definition: The cost of selling and of running the company
Formula: SG&A line of the income statement
Source: Securities report (XBRL)

Operating profit

FYE Mar 2026 ¥24bn

CAGR · 10 yrs +4.8%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	16.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.3	+13.7%	Cons. · Japanese GAAP
FYE Mar 2019	18.0	−1.7%	Cons. · Japanese GAAP
FYE Mar 2020	18.8	+4.7%	Cons. · Japanese GAAP
FYE Mar 2021	21.8	+16.0%	Cons. · Japanese GAAP
FYE Mar 2022	20.5	−5.9%	Cons. · Japanese GAAP
FYE Mar 2023	21.1	+3.1%	Cons. · Japanese GAAP
FYE Mar 2024	24.5	+16.1%	Cons. · Japanese GAAP
FYE Mar 2025	24.8	+1.0%	Cons. · Japanese GAAP
FYE Mar 2026	24.5	−1.2%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥2.6bn

CAGR · 10 yrs +10.0%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.1	−1.5%	Cons. · Japanese GAAP
FYE Mar 2019	1.1	+1.3%	Cons. · Japanese GAAP
FYE Mar 2020	1.5	+35.1%	Cons. · Japanese GAAP
FYE Mar 2021	1.4	−4.8%	Cons. · Japanese GAAP
FYE Mar 2022	1.5	+3.0%	Cons. · Japanese GAAP
FYE Mar 2023	1.1	−25.1%	Cons. · Japanese GAAP
FYE Mar 2024	1.8	+66.5%	Cons. · Japanese GAAP
FYE Mar 2025	2.1	+15.9%	Cons. · Japanese GAAP
FYE Mar 2026	2.6	+23.2%	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 ¥0.8bn

CAGR · 10 yrs +1.3%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.4	−39.0%	Cons. · Japanese GAAP
FYE Mar 2019	0.5	+26.1%	Cons. · Japanese GAAP
FYE Mar 2020	0.4	−31.4%	Cons. · Japanese GAAP
FYE Mar 2021	1.5	+302.2%	Cons. · Japanese GAAP
FYE Mar 2022	0.7	−52.9%	Cons. · Japanese GAAP
FYE Mar 2023	1.6	+137.5%	Cons. · Japanese GAAP
FYE Mar 2024	1.2	−29.4%	Cons. · Japanese GAAP
FYE Mar 2025	0.9	−23.4%	Cons. · Japanese GAAP
FYE Mar 2026	0.8	−12.6%	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 ¥26bn

CAGR · 10 yrs +5.3%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	16.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.9	+14.9%	Cons. · Japanese GAAP
FYE Mar 2019	18.5	−2.1%	Cons. · Japanese GAAP
FYE Mar 2020	19.9	+7.5%	Cons. · Japanese GAAP
FYE Mar 2021	21.8	+9.2%	Cons. · Japanese GAAP
FYE Mar 2022	21.3	−2.2%	Cons. · Japanese GAAP
FYE Mar 2023	20.6	−3.2%	Cons. · Japanese GAAP
FYE Mar 2024	25.2	+22.4%	Cons. · Japanese GAAP
FYE Mar 2025	26.0	+3.2%	Cons. · Japanese GAAP
FYE Mar 2026	26.3	+1.2%	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 ¥0.1bn

CAGR · 10 yrs −20.0%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.1	−89.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.1	−25.6%	Cons. · Japanese GAAP
FYE Mar 2020	0.2	+218.0%	Cons. · Japanese GAAP
FYE Mar 2021	0.0	−82.0%	Cons. · Japanese GAAP
FYE Mar 2022	0.0	−91.4%	Cons. · Japanese GAAP
FYE Mar 2023	0.1	+3033.3%	Cons. · Japanese GAAP
FYE Mar 2024	0.8	+786.2%	Cons. · Japanese GAAP
FYE Mar 2025	2.1	+149.6%	Cons. · Japanese GAAP
FYE Mar 2026	0.1	−94.9%	Cons. · Japanese GAAP

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

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥13bn

CAGR · 10 yrs +4.0%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	9.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.4	+10.0%	Cons. · Japanese GAAP
FYE Mar 2019	11.2	+8.6%	Cons. · Japanese GAAP
FYE Mar 2020	11.8	+5.0%	Cons. · Japanese GAAP
FYE Mar 2021	12.3	+4.0%	Cons. · Japanese GAAP
FYE Mar 2022	12.2	−0.9%	Cons. · Japanese GAAP
FYE Mar 2023	12.1	−0.9%	Cons. · Japanese GAAP
FYE Mar 2024	13.8	+14.4%	Cons. · Japanese GAAP
FYE Mar 2025	15.1	+9.6%	Cons. · Japanese GAAP
FYE Mar 2026	13.4	−11.5%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 9.3%

Average · 10 yrs 10.4%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	10.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	10.5	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	10.2	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	11.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	10.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	10.6	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	10.4	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	9.8	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	9.3	−0.6pp	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 3.4%

Average · 10 yrs 3.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	3.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.3	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	4.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	3.9	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	4.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	4.0	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	3.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	3.9	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	3.7	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	3.4	−0.2pp	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 3.7%

Average · 10 yrs 4.0%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	4.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	4.2	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	4.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	4.4	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	4.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	3.6	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	4.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	3.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	3.7	−0.2pp	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 1.9%

Average · 10 yrs 2.3%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	2.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	2.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	2.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	2.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	2.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	2.1	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	2.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	2.2	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	1.9	−0.4pp	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 90.7%

Average · 10 yrs 89.6%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	89.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	88.9	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	89.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	89.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	89.0	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	89.6	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	89.4	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	89.6	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	90.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	90.7	+0.6pp	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 5.9%

Average · 10 yrs 6.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	6.5	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	6.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	6.6	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	6.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	6.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	6.5	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	6.2	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	5.9	−0.3pp	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 ¥385bn

CAGR · 10 yrs +4.3%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	263	n/a	Cons. · Japanese GAAP
FYE Mar 2018	285	+8.2%	Cons. · Japanese GAAP
FYE Mar 2019	299	+4.9%	Cons. · Japanese GAAP
FYE Mar 2020	309	+3.2%	Cons. · Japanese GAAP
FYE Mar 2021	334	+8.3%	Cons. · Japanese GAAP
FYE Mar 2022	335	+0.2%	Cons. · Japanese GAAP
FYE Mar 2023	382	+14.0%	Cons. · Japanese GAAP
FYE Mar 2024	388	+1.5%	Cons. · Japanese GAAP
FYE Mar 2025	382	−1.5%	Cons. · Japanese GAAP
FYE Mar 2026	385	+0.9%	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 ¥151bn

CAGR · 10 yrs +5.7%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	91.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	99.9	+9.3%	Cons. · Japanese GAAP
FYE Mar 2019	95.4	−4.5%	Cons. · Japanese GAAP
FYE Mar 2020	102	+6.7%	Cons. · Japanese GAAP
FYE Mar 2021	111	+9.5%	Cons. · Japanese GAAP
FYE Mar 2022	118	+6.1%	Cons. · Japanese GAAP
FYE Mar 2023	128	+8.2%	Cons. · Japanese GAAP
FYE Mar 2024	140	+9.0%	Cons. · Japanese GAAP
FYE Mar 2025	149	+6.8%	Cons. · Japanese GAAP
FYE Mar 2026	151	+1.3%	Cons. · Japanese GAAP

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

Interest-bearing debt

FYE Mar 2026 ¥27bn

CAGR · 10 yrs −3.8%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	38.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	39.7	+4.1%	Cons. · Japanese GAAP
FYE Mar 2019	40.7	+2.5%	Cons. · Japanese GAAP
FYE Mar 2020	37.9	−6.9%	Cons. · Japanese GAAP
FYE Mar 2021	34.0	−10.4%	Cons. · Japanese GAAP
FYE Mar 2022	32.4	−4.7%	Cons. · Japanese GAAP
FYE Mar 2023	43.4	+34.0%	Cons. · Japanese GAAP
FYE Mar 2024	51.2	+17.9%	Cons. · Japanese GAAP
FYE Mar 2025	31.3	−38.8%	Cons. · Japanese GAAP
FYE Mar 2026	26.9	−14.0%	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 ¥1.3bn

CAGR · 10 yrs −4.5%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.0	+47.0%	Cons. · Japanese GAAP
FYE Mar 2019	1.0	−65.3%	Cons. · Japanese GAAP
FYE Mar 2020	0.9	−9.2%	Cons. · Japanese GAAP
FYE Mar 2021	1.2	+33.5%	Cons. · Japanese GAAP
FYE Mar 2022	2.4	+92.4%	Cons. · Japanese GAAP
FYE Mar 2023	1.8	−24.4%	Cons. · Japanese GAAP
FYE Mar 2024	0.7	−61.0%	Cons. · Japanese GAAP
FYE Mar 2025	0.7	−1.4%	Cons. · Japanese GAAP
FYE Mar 2026	1.3	+91.0%	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 ¥26bn

CAGR · 10 yrs −3.8%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	36.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.8	+1.7%	Cons. · Japanese GAAP
FYE Mar 2019	39.7	+8.0%	Cons. · Japanese GAAP
FYE Mar 2020	37.0	−6.8%	Cons. · Japanese GAAP
FYE Mar 2021	32.7	−11.5%	Cons. · Japanese GAAP
FYE Mar 2022	30.0	−8.4%	Cons. · Japanese GAAP
FYE Mar 2023	41.6	+38.7%	Cons. · Japanese GAAP
FYE Mar 2024	50.5	+21.4%	Cons. · Japanese GAAP
FYE Mar 2025	30.6	−39.3%	Cons. · Japanese GAAP
FYE Mar 2026	25.6	−16.4%	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 ¥12bn

CAGR · 10 yrs −0.5%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	12.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.8	−3.5%	Cons. · Japanese GAAP
FYE Mar 2019	10.3	−12.3%	Cons. · Japanese GAAP
FYE Mar 2020	9.5	−7.9%	Cons. · Japanese GAAP
FYE Mar 2021	10.6	+11.1%	Cons. · Japanese GAAP
FYE Mar 2022	9.4	−11.6%	Cons. · Japanese GAAP
FYE Mar 2023	16.1	+72.6%	Cons. · Japanese GAAP
FYE Mar 2024	14.9	−8.0%	Cons. · Japanese GAAP
FYE Mar 2025	12.7	−14.3%	Cons. · Japanese GAAP
FYE Mar 2026	11.7	−7.9%	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 ¥6.7bn

CAGR · 10 yrs −5.3%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	10.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.7	−2.4%	Cons. · Japanese GAAP
FYE Mar 2019	9.3	−12.6%	Cons. · Japanese GAAP
FYE Mar 2020	8.5	−8.1%	Cons. · Japanese GAAP
FYE Mar 2021	9.6	+12.4%	Cons. · Japanese GAAP
FYE Mar 2022	8.3	−13.2%	Cons. · Japanese GAAP
FYE Mar 2023	12.3	+47.8%	Cons. · Japanese GAAP
FYE Mar 2024	9.1	−26.0%	Cons. · Japanese GAAP
FYE Mar 2025	7.4	−18.7%	Cons. · Japanese GAAP
FYE Mar 2026	6.7	−9.5%	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 39.2%

Average · 10 yrs 35.1%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	34.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	31.9	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2020	33.0	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2021	33.3	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	35.3	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2023	33.5	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2024	36.0	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2025	39.1	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2026	39.2	+0.2pp	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 17.8%

Average · 10 yrs 32.9%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	41.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	39.8	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2019	42.7	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2020	37.3	−5.4pp	Cons. · Japanese GAAP
FYE Mar 2021	30.5	−6.8pp	Cons. · Japanese GAAP
FYE Mar 2022	27.4	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2023	33.9	+6.5pp	Cons. · Japanese GAAP
FYE Mar 2024	36.7	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2025	21.0	−15.7pp	Cons. · Japanese GAAP
FYE Mar 2026	17.8	−3.2pp	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 8.9%

Average · 10 yrs 10.4%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	10.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	11.8	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	11.6	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	11.0	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	10.3	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	9.4	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	9.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	10.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	8.9	−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 3.5%

Average · 10 yrs 3.6%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	3.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.6	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	3.8	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	3.8	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	3.7	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	3.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2023	3.2	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	3.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	4.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	3.5	−0.5pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 1.86×

CAGR · 10 yrs +2.1%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.55	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.49	−3.8%	Cons. · Japanese GAAP
FYE Mar 2019	1.48	−0.6%	Cons. · Japanese GAAP
FYE Mar 2020	1.57	+5.7%	Cons. · Japanese GAAP
FYE Mar 2021	1.49	−5.2%	Cons. · Japanese GAAP
FYE Mar 2022	1.54	+3.3%	Cons. · Japanese GAAP
FYE Mar 2023	1.50	−2.4%	Cons. · Japanese GAAP
FYE Mar 2024	1.63	+8.7%	Cons. · Japanese GAAP
FYE Mar 2025	1.78	+9.1%	Cons. · Japanese GAAP
FYE Mar 2026	1.86	+5.0%	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 ¥22bn

CAGR · 10 yrs +4.2%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	15.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.2	+32.0%	Cons. · Japanese GAAP
FYE Mar 2019	10.5	−47.9%	Cons. · Japanese GAAP
FYE Mar 2020	24.0	+127.9%	Cons. · Japanese GAAP
FYE Mar 2021	19.8	−17.7%	Cons. · Japanese GAAP
FYE Mar 2022	12.4	−37.1%	Cons. · Japanese GAAP
FYE Mar 2023	14.1	+13.5%	Cons. · Japanese GAAP
FYE Mar 2024	31.6	+124.1%	Cons. · Japanese GAAP
FYE Mar 2025	20.4	−35.5%	Cons. · Japanese GAAP
FYE Mar 2026	22.1	+8.3%	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 -¥2.1bn

Average · 10 yrs -¥6.8bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-5.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-6.6	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-4.3	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-19.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-3.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-6.8	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-7.2	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-4.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-2.1	n/a	Cons. · Japanese GAAP

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Mar 2026 -¥16bn

Average · 10 yrs -¥8.0bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	3.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-3.3	−194.5%	Cons. · Japanese GAAP
FYE Mar 2019	9.8	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-8.4	−185.6%	Cons. · Japanese GAAP
FYE Mar 2021	-10.5	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-8.8	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-20.5	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-24.6	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-16.3	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 ¥79bn

CAGR · 10 yrs +5.5%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	48.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	58.8	+20.8%	Cons. · Japanese GAAP
FYE Mar 2019	71.5	+21.6%	Cons. · Japanese GAAP
FYE Mar 2020	82.8	+15.8%	Cons. · Japanese GAAP
FYE Mar 2021	73.0	−11.9%	Cons. · Japanese GAAP
FYE Mar 2022	72.8	−0.2%	Cons. · Japanese GAAP
FYE Mar 2023	79.0	+8.5%	Cons. · Japanese GAAP
FYE Mar 2024	83.1	+5.2%	Cons. · Japanese GAAP
FYE Mar 2025	74.9	−9.9%	Cons. · Japanese GAAP
FYE Mar 2026	78.6	+5.0%	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 ¥20bn

CAGR · 10 yrs +8.5%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.6	+41.3%	Cons. · Japanese GAAP
FYE Mar 2019	2.9	−78.9%	Cons. · Japanese GAAP
FYE Mar 2020	19.7	+591.4%	Cons. · Japanese GAAP
FYE Mar 2021	0.5	−97.6%	Cons. · Japanese GAAP
FYE Mar 2022	8.6	+1671.8%	Cons. · Japanese GAAP
FYE Mar 2023	7.3	−14.3%	Cons. · Japanese GAAP
FYE Mar 2024	24.4	+232.9%	Cons. · Japanese GAAP
FYE Mar 2025	16.4	−33.0%	Cons. · Japanese GAAP
FYE Mar 2026	20.0	+22.3%	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 3.1%

Average · 10 yrs 3.6%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.7	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	2.4	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2020	5.0	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2021	4.0	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	2.4	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	2.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	5.0	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2025	3.0	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2026	3.1	+0.1pp	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 ¥52bn

CAGR · 10 yrs +19.4%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	10.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.1	+81.5%	Cons. · Japanese GAAP
FYE Mar 2019	30.8	+61.5%	Cons. · Japanese GAAP
FYE Mar 2020	44.9	+45.9%	Cons. · Japanese GAAP
FYE Mar 2021	39.0	−13.2%	Cons. · Japanese GAAP
FYE Mar 2022	40.4	+3.7%	Cons. · Japanese GAAP
FYE Mar 2023	35.6	−11.9%	Cons. · Japanese GAAP
FYE Mar 2024	32.0	−10.3%	Cons. · Japanese GAAP
FYE Mar 2025	43.5	+36.2%	Cons. · Japanese GAAP
FYE Mar 2026	51.7	+18.7%	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 ¥226bn

Change · 10 yrs +¥75bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	151	n/a
FYE Mar 2018	190	n/a
FYE Mar 2019	232	n/a
FYE Mar 2020	224	n/a
FYE Mar 2021	316	n/a
FYE Mar 2022	202	n/a
FYE Mar 2023	248	n/a
FYE Mar 2024	214	n/a
FYE Mar 2025	204	n/a
FYE Mar 2026	226	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 2,394¥

Change · 10 yrs −569¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	2,962	n/a
FYE Mar 2018	3,743	n/a
FYE Mar 2019	4,555	n/a
FYE Mar 2020	4,415	n/a
FYE Mar 2021	6,214	n/a
FYE Mar 2022	1,987	n/a
FYE Mar 2023	2,442	n/a
FYE Mar 2024	2,106	n/a
FYE Mar 2025	2,004	n/a
FYE Mar 2026	2,394	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 94,350,134shares

Change · 10 yrs +43,515,434 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	50,834,700	Parent
FYE Mar 2018	50,834,700	Parent
FYE Mar 2019	50,834,700	Parent
FYE Mar 2020	50,834,700	Parent
FYE Mar 2021	50,834,700	Parent
FYE Mar 2022	101,669,400	Parent
FYE Mar 2023	101,669,400	Parent
FYE Mar 2024	101,669,400	Parent
FYE Mar 2025	101,669,400	Parent
FYE Mar 2026	94,350,134	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 144.19¥

Change · 10 yrs +51.03¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	93.16	Cons.
FYE Mar 2018	102.28	Cons.
FYE Mar 2019	113.88	Cons.
FYE Mar 2020	124.02	Cons.
FYE Mar 2021	129.99	Cons.
FYE Mar 2022	129.01	Cons.
FYE Mar 2023	127.85	Cons.
FYE Mar 2024	146.26	Cons.
FYE Mar 2025	160.34	Cons.
FYE Mar 2026	144.19	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 1,601.17¥

Change · 10 yrs −196.52¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,797.69	Cons. · Japanese GAAP
FYE Mar 2018	1,964.80	Cons. · Japanese GAAP
FYE Mar 2019	1,877.06	Cons. · Japanese GAAP
FYE Mar 2020	2,002.25	Cons. · Japanese GAAP
FYE Mar 2021	2,192.20	Cons. · Japanese GAAP
FYE Mar 2022	1,163.48	Cons. · Japanese GAAP
FYE Mar 2023	1,259.36	Cons. · Japanese GAAP
FYE Mar 2024	1,372.36	Cons. · Japanese GAAP
FYE Mar 2025	1,466.29	Cons. · Japanese GAAP
FYE Mar 2026	1,601.17	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 16.60×

Average · 10 yrs 17.39×

Fiscal year	PER ×	Basis
FYE Mar 2017	15.90	Cons.
FYE Mar 2018	18.30	Cons.
FYE Mar 2019	20.00	Cons.
FYE Mar 2020	17.80	Cons.
FYE Mar 2021	23.90	Cons.
FYE Mar 2022	15.40	Cons.
FYE Mar 2023	19.10	Cons.
FYE Mar 2024	14.40	Cons.
FYE Mar 2025	12.50	Cons.
FYE Mar 2026	16.60	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 1.46×

Average · 10 yrs 1.80×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.64	Cons.
FYE Mar 2018	1.90	Cons.
FYE Mar 2019	2.27	Cons.
FYE Mar 2020	2.06	Cons.
FYE Mar 2021	2.63	Cons.
FYE Mar 2022	1.58	Cons.
FYE Mar 2023	1.80	Cons.
FYE Mar 2024	1.42	Cons.
FYE Mar 2025	1.27	Cons.
FYE Mar 2026	1.46	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 7,819people

Change · 10 yrs +2,145 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	5,674	n/a	Cons.
FYE Mar 2018	5,802	+2.3%	Cons.
FYE Mar 2019	5,779	−0.4%	Cons.
FYE Mar 2020	6,368	+10.2%	Cons.
FYE Mar 2021	6,769	+6.3%	Cons.
FYE Mar 2022	6,943	+2.6%	Cons.
FYE Mar 2023	8,046	+15.9%	Cons.
FYE Mar 2024	7,793	−3.1%	Cons.
FYE Mar 2025	7,805	+0.2%	Cons.
FYE Mar 2026	7,819	+0.2%	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 21people

Change · 10 yrs −0 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	21	n/a	Parent
FYE Mar 2018	18	−14.3%	Parent
FYE Mar 2019	18	−0.0%	Parent
FYE Mar 2020	22	+22.2%	Parent
FYE Mar 2021	23	+4.5%	Parent
FYE Mar 2022	19	−17.4%	Parent
FYE Mar 2023	21	+10.5%	Parent
FYE Mar 2024	23	+9.5%	Parent
FYE Mar 2025	22	−4.3%	Parent
FYE Mar 2026	21	−4.5%	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 ¥8.5m

Change · 8 yrs +¥0.9m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	7.6	n/a	Parent
FYE Mar 2020	8.9	+16.3%	Parent
FYE Mar 2021	8.1	−8.6%	Parent
FYE Mar 2022	7.7	−5.1%	Parent
FYE Mar 2023	7.2	−6.2%	Parent
FYE Mar 2024	7.7	+7.2%	Parent
FYE Mar 2025	8.1	+4.7%	Parent
FYE Mar 2026	8.5	+5.2%	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 46.4years

Change · 8 yrs +4.2 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	42.2	n/a	Parent
FYE Mar 2020	44.6	+5.7%	Parent
FYE Mar 2021	43.2	−3.1%	Parent
FYE Mar 2022	42.0	−2.8%	Parent
FYE Mar 2023	42.1	+0.2%	Parent
FYE Mar 2024	43.5	+3.3%	Parent
FYE Mar 2025	42.9	−1.4%	Parent
FYE Mar 2026	46.4	+8.2%	Parent

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

Average length of service

FYE Mar 2026 10.3years

Change · 8 yrs +1.0 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	9.3	n/a	Parent
FYE Mar 2020	8.9	−4.3%	Parent
FYE Mar 2021	8.9	−0.0%	Parent
FYE Mar 2022	8.2	−7.9%	Parent
FYE Mar 2023	7.6	−7.3%	Parent
FYE Mar 2024	7.3	−3.9%	Parent
FYE Mar 2025	9.3	+27.4%	Parent
FYE Mar 2026	10.3	+10.8%	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 8,113people

Change · 10 yrs +3,300 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	4,813	n/a	n/a
FYE Mar 2018	4,951	+2.9%	n/a
FYE Mar 2019	5,069	+2.4%	n/a
FYE Mar 2020	6,152	+21.4%	n/a
FYE Mar 2021	6,188	+0.6%	n/a
FYE Mar 2022	6,408	+3.6%	n/a
FYE Mar 2023	8,349	+30.3%	n/a
FYE Mar 2024	8,995	+7.7%	n/a
FYE Mar 2025	8,982	−0.1%	n/a
FYE Mar 2026	8,113	−9.7%	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 ¥91.8m

Change · 10 yrs +¥19.9m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	72.0	n/a	Cons.
FYE Mar 2018	73.3	+1.9%	Cons.
FYE Mar 2019	76.8	+4.8%	Cons.
FYE Mar 2020	76.1	−1.0%	Cons.
FYE Mar 2021	73.4	−3.4%	Cons.
FYE Mar 2022	74.1	+0.9%	Cons.
FYE Mar 2023	71.1	−4.0%	Cons.
FYE Mar 2024	81.0	+13.8%	Cons.
FYE Mar 2025	86.9	+7.3%	Cons.
FYE Mar 2026	91.8	+5.7%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥3.1m

Change · 10 yrs +¥0.3m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.8	n/a	Cons.
FYE Mar 2018	3.1	+11.2%	Cons.
FYE Mar 2019	3.1	−1.3%	Cons.
FYE Mar 2020	3.0	−5.0%	Cons.
FYE Mar 2021	3.2	+9.1%	Cons.
FYE Mar 2022	3.0	−8.3%	Cons.
FYE Mar 2023	2.6	−11.0%	Cons.
FYE Mar 2024	3.1	+19.8%	Cons.
FYE Mar 2025	3.2	+0.8%	Cons.
FYE Mar 2026	3.1	−1.4%	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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