Financials

Asahi Kasei: FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥3.07tnYoY +1.2%

FYE Mar 2026 · Operating profit¥231bnYoY +9.1%

FYE Mar 2026 · Net profit¥159bnYoY +17.6%

FYE Mar 2026 · Equity ratio50.5%YoY +4.2pp

FYE Mar 2026 · Group employees47,895YoY −2,457

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥1.88tn	n/a	¥159bn	n/a	8.5%	¥115bn	Asano Toshio	The ethylene centre at the Mizushima works is shut down
FYE Mar 2018Consolidated	¥2.04tn	+8.5%	¥198bn	+24.6%	9.7%	¥170bn	Kobori Hideki	—
FYE Mar 2019Consolidated	¥2.17tn	+6.3%	¥210bn	+5.6%	9.7%	¥148bn	Kobori Hideki	Sage Automotive acquired
FYE Mar 2020Consolidated	¥2.15tn	−0.9%	¥177bn	−15.4%	8.2%	¥104bn	Kobori Hideki	—
FYE Mar 2021Consolidated	¥2.11tn	−2.1%	¥172bn	−3.1%	8.2%	¥80bn	Kobori Hideki	Veloxis acquired
FYE Mar 2022Consolidated	¥2.46tn	+16.9%	¥203bn	+17.9%	8.2%	¥162bn	Kobori Hideki	—
FYE Mar 2023Consolidated	¥2.73tn	+10.8%	¥128bn	−37.0%	4.7%	-¥92bn	Kobori Hideki	Five Forcus companies acquired in housing
FYE Mar 2024Consolidated	¥2.78tn	+2.1%	¥141bn	+10.2%	5.1%	¥44bn	Kudo Koshiro	Non-core businesses divested
FYE Mar 2025Consolidated	¥3.04tn	+9.1%	¥212bn	+50.6%	7.0%	¥135bn	Kudo Koshiro	—
FYE Mar 2026Consolidated	¥3.07tn	+1.2%	¥231bn	+9.1%	7.5%	¥159bn	Kudo Koshiro	—

How it compares

Asahi Kasei¥3.07tnFY2025Operating margin 7.5%

Toray Industries¥2.59tnFY2025Operating margin 3.8%Teijin¥873bnFY2025Operating margin −8.1%Kuraray¥808bnFY2025Operating margin 7.3%

Mitsubishi Rayon Co., Ltd.Delisted 2010

ATSUGI CO., LTD.¥21bnFY2025Operating margin −4.7%

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥3.07tn

CAGR · 10 yrs +5.6%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	1,883	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,042	+8.5%	Cons. · Japanese GAAP
FYE Mar 2019	2,170	+6.3%	Cons. · Japanese GAAP
FYE Mar 2020	2,152	−0.9%	Cons. · Japanese GAAP
FYE Mar 2021	2,106	−2.1%	Cons. · Japanese GAAP
FYE Mar 2022	2,461	+16.9%	Cons. · Japanese GAAP
FYE Mar 2023	2,726	+10.8%	Cons. · Japanese GAAP
FYE Mar 2024	2,785	+2.1%	Cons. · Japanese GAAP
FYE Mar 2025	3,037	+9.1%	Cons. · Japanese GAAP
FYE Mar 2026	3,075	+1.2%	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 ¥2.07tn

CAGR · 10 yrs +5.3%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	1,296	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,393	+7.5%	Cons. · Japanese GAAP
FYE Mar 2019	1,482	+6.4%	Cons. · Japanese GAAP
FYE Mar 2020	1,477	−0.4%	Cons. · Japanese GAAP
FYE Mar 2021	1,425	−3.5%	Cons. · Japanese GAAP
FYE Mar 2022	1,692	+18.7%	Cons. · Japanese GAAP
FYE Mar 2023	1,953	+15.4%	Cons. · Japanese GAAP
FYE Mar 2024	1,969	+0.8%	Cons. · Japanese GAAP
FYE Mar 2025	2,079	+5.6%	Cons. · Japanese GAAP
FYE Mar 2026	2,066	−0.6%	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 ¥1.01tn

CAGR · 10 yrs +6.2%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	587	n/a	Cons. · Japanese GAAP
FYE Mar 2018	649	+10.6%	Cons. · Japanese GAAP
FYE Mar 2019	689	+6.1%	Cons. · Japanese GAAP
FYE Mar 2020	675	−2.0%	Cons. · Japanese GAAP
FYE Mar 2021	681	+0.8%	Cons. · Japanese GAAP
FYE Mar 2022	770	+13.1%	Cons. · Japanese GAAP
FYE Mar 2023	774	+0.5%	Cons. · Japanese GAAP
FYE Mar 2024	816	+5.5%	Cons. · Japanese GAAP
FYE Mar 2025	958	+17.4%	Cons. · Japanese GAAP
FYE Mar 2026	1,009	+5.3%	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 ¥777bn

CAGR · 10 yrs +6.9%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	428	n/a	Cons. · Japanese GAAP
FYE Mar 2018	451	+5.4%	Cons. · Japanese GAAP
FYE Mar 2019	479	+6.3%	Cons. · Japanese GAAP
FYE Mar 2020	498	+3.9%	Cons. · Japanese GAAP
FYE Mar 2021	509	+2.2%	Cons. · Japanese GAAP
FYE Mar 2022	567	+11.4%	Cons. · Japanese GAAP
FYE Mar 2023	646	+13.9%	Cons. · Japanese GAAP
FYE Mar 2024	675	+4.5%	Cons. · Japanese GAAP
FYE Mar 2025	746	+10.5%	Cons. · Japanese GAAP
FYE Mar 2026	777	+4.2%	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 ¥231bn

CAGR · 10 yrs +4.2%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	159	n/a	Cons. · Japanese GAAP
FYE Mar 2018	198	+24.6%	Cons. · Japanese GAAP
FYE Mar 2019	210	+5.6%	Cons. · Japanese GAAP
FYE Mar 2020	177	−15.4%	Cons. · Japanese GAAP
FYE Mar 2021	172	−3.1%	Cons. · Japanese GAAP
FYE Mar 2022	203	+17.9%	Cons. · Japanese GAAP
FYE Mar 2023	128	−37.0%	Cons. · Japanese GAAP
FYE Mar 2024	141	+10.2%	Cons. · Japanese GAAP
FYE Mar 2025	212	+50.6%	Cons. · Japanese GAAP
FYE Mar 2026	231	+9.1%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥32bn

CAGR · 10 yrs +8.4%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	15.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.8	+81.2%	Cons. · Japanese GAAP
FYE Mar 2019	25.5	−8.3%	Cons. · Japanese GAAP
FYE Mar 2020	20.5	−19.7%	Cons. · Japanese GAAP
FYE Mar 2021	17.3	−15.4%	Cons. · Japanese GAAP
FYE Mar 2022	21.7	+25.0%	Cons. · Japanese GAAP
FYE Mar 2023	14.1	−35.1%	Cons. · Japanese GAAP
FYE Mar 2024	17.7	+25.9%	Cons. · Japanese GAAP
FYE Mar 2025	20.8	+17.7%	Cons. · Japanese GAAP
FYE Mar 2026	31.7	+52.3%	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 ¥32bn

CAGR · 10 yrs +9.9%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	13.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.7	−1.5%	Cons. · Japanese GAAP
FYE Mar 2019	15.1	+10.1%	Cons. · Japanese GAAP
FYE Mar 2020	13.7	−9.1%	Cons. · Japanese GAAP
FYE Mar 2021	11.1	−19.2%	Cons. · Japanese GAAP
FYE Mar 2022	12.3	+10.4%	Cons. · Japanese GAAP
FYE Mar 2023	20.9	+70.2%	Cons. · Japanese GAAP
FYE Mar 2024	68.3	+227.4%	Cons. · Japanese GAAP
FYE Mar 2025	39.3	−42.5%	Cons. · Japanese GAAP
FYE Mar 2026	32.5	−17.3%	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 ¥230bn

CAGR · 10 yrs +4.1%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	161	n/a	Cons. · Japanese GAAP
FYE Mar 2018	213	+32.3%	Cons. · Japanese GAAP
FYE Mar 2019	220	+3.5%	Cons. · Japanese GAAP
FYE Mar 2020	184	−16.4%	Cons. · Japanese GAAP
FYE Mar 2021	178	−3.2%	Cons. · Japanese GAAP
FYE Mar 2022	212	+19.1%	Cons. · Japanese GAAP
FYE Mar 2023	121	−43.0%	Cons. · Japanese GAAP
FYE Mar 2024	90.1	−25.5%	Cons. · Japanese GAAP
FYE Mar 2025	193	+114.7%	Cons. · Japanese GAAP
FYE Mar 2026	230	+19.1%	Cons. · Japanese GAAP

Definition: A level of profit that exists only under Japanese GAAP
Formula: Operating profit + non-operating income − non-operating expenses
Source: Securities report (XBRL)

Extraordinary income

FYE Mar 2026 ¥66bn

CAGR · 10 yrs +23.3%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	10.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.7	+55.7%	Cons. · Japanese GAAP
FYE Mar 2019	12.2	−22.1%	Cons. · Japanese GAAP
FYE Mar 2020	17.9	+46.7%	Cons. · Japanese GAAP
FYE Mar 2021	17.7	−1.6%	Cons. · Japanese GAAP
FYE Mar 2022	32.9	+86.4%	Cons. · Japanese GAAP
FYE Mar 2023	41.7	+26.8%	Cons. · Japanese GAAP
FYE Mar 2024	52.1	+24.8%	Cons. · Japanese GAAP
FYE Mar 2025	44.5	−14.6%	Cons. · Japanese GAAP
FYE Mar 2026	66.3	+48.8%	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 ¥159bn

CAGR · 10 yrs +3.7%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	115	n/a	Cons. · Japanese GAAP
FYE Mar 2018	170	+48.0%	Cons. · Japanese GAAP
FYE Mar 2019	148	−13.4%	Cons. · Japanese GAAP
FYE Mar 2020	104	−29.5%	Cons. · Japanese GAAP
FYE Mar 2021	79.8	−23.2%	Cons. · Japanese GAAP
FYE Mar 2022	162	+102.9%	Cons. · Japanese GAAP
FYE Mar 2023	-91.9	−156.8%	Cons. · Japanese GAAP
FYE Mar 2024	43.8	n/a	Cons. · Japanese GAAP
FYE Mar 2025	135	+208.2%	Cons. · Japanese GAAP
FYE Mar 2026	159	+17.6%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 32.8%

Average · 10 yrs 31.2%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	31.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	31.8	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	31.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	31.4	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	32.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	31.3	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	28.4	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2024	29.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	31.5	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2026	32.8	+1.3pp	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 7.5%

Average · 10 yrs 7.7%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	8.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.7	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	9.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	8.2	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	8.2	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	8.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	4.7	−3.5pp	Cons. · Japanese GAAP
FYE Mar 2024	5.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	7.0	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2026	7.5	+0.5pp	Cons. · Japanese GAAP

Definition: The share of revenue the core business keeps
Formula: Operating profit ÷ revenue
Source: Securities report (XBRL)

Ordinary margin

FYE Mar 2026 7.5%

Average · 10 yrs 7.6%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	8.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.4	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2019	10.1	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	8.6	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	8.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	8.6	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	4.4	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2024	3.2	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	6.4	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2026	7.5	+1.1pp	Cons. · Japanese GAAP

Definition: The share of revenue left at the ordinary-profit line
Formula: Ordinary profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Mar 2026 5.2%

Average · 10 yrs 4.4%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	6.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.3	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2019	6.8	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2020	4.8	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2021	3.8	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	6.6	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2023	-3.4	−9.9pp	Cons. · Japanese GAAP
FYE Mar 2024	1.6	+4.9pp	Cons. · Japanese GAAP
FYE Mar 2025	4.4	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2026	5.2	+0.7pp	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 67.2%

Average · 10 yrs 68.8%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	68.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	68.2	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	68.3	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	68.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	67.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	68.7	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	71.6	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2024	70.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	68.5	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2026	67.2	−1.3pp	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 25.3%

Average · 10 yrs 23.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	22.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.1	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	22.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	23.1	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2021	24.2	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	23.0	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	23.7	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	24.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	24.6	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	25.3	+0.7pp	Cons. · Japanese GAAP

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio Debt-to-equity

Total assets

FYE Mar 2026 ¥4.14tn

CAGR · 10 yrs +7.0%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	2,255	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,307	+2.3%	Cons. · Japanese GAAP
FYE Mar 2019	2,575	+11.6%	Cons. · Japanese GAAP
FYE Mar 2020	2,822	+9.6%	Cons. · Japanese GAAP
FYE Mar 2021	2,919	+3.4%	Cons. · Japanese GAAP
FYE Mar 2022	3,349	+14.7%	Cons. · Japanese GAAP
FYE Mar 2023	3,454	+3.1%	Cons. · Japanese GAAP
FYE Mar 2024	3,663	+6.0%	Cons. · Japanese GAAP
FYE Mar 2025	4,015	+9.6%	Cons. · Japanese GAAP
FYE Mar 2026	4,138	+3.1%	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 ¥2.09tn

CAGR · 10 yrs +6.8%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	1,151	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,287	+11.8%	Cons. · Japanese GAAP
FYE Mar 2019	1,381	+7.3%	Cons. · Japanese GAAP
FYE Mar 2020	1,359	−1.6%	Cons. · Japanese GAAP
FYE Mar 2021	1,467	+8.0%	Cons. · Japanese GAAP
FYE Mar 2022	1,687	+15.0%	Cons. · Japanese GAAP
FYE Mar 2023	1,660	−1.6%	Cons. · Japanese GAAP
FYE Mar 2024	1,813	+9.2%	Cons. · Japanese GAAP
FYE Mar 2025	1,859	+2.5%	Cons. · Japanese GAAP
FYE Mar 2026	2,088	+12.3%	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 ¥688bn

CAGR · 10 yrs +9.4%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	306	n/a	Cons. · Japanese GAAP
FYE Mar 2018	261	−14.7%	Cons. · Japanese GAAP
FYE Mar 2019	307	+17.7%	Cons. · Japanese GAAP
FYE Mar 2020	505	+64.2%	Cons. · Japanese GAAP
FYE Mar 2021	465	−7.9%	Cons. · Japanese GAAP
FYE Mar 2022	493	+6.1%	Cons. · Japanese GAAP
FYE Mar 2023	605	+22.7%	Cons. · Japanese GAAP
FYE Mar 2024	604	−0.2%	Cons. · Japanese GAAP
FYE Mar 2025	770	+27.6%	Cons. · Japanese GAAP
FYE Mar 2026	688	−10.8%	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 ¥100bn

CAGR · 10 yrs −5.7%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	169	n/a	Cons. · Japanese GAAP
FYE Mar 2018	138	−18.6%	Cons. · Japanese GAAP
FYE Mar 2019	195	+41.0%	Cons. · Japanese GAAP
FYE Mar 2020	415	+113.1%	Cons. · Japanese GAAP
FYE Mar 2021	229	−44.9%	Cons. · Japanese GAAP
FYE Mar 2022	352	+54.2%	Cons. · Japanese GAAP
FYE Mar 2023	320	−9.2%	Cons. · Japanese GAAP
FYE Mar 2024	261	−18.4%	Cons. · Japanese GAAP
FYE Mar 2025	310	+18.8%	Cons. · Japanese GAAP
FYE Mar 2026	99.9	−67.8%	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 ¥588bn

CAGR · 10 yrs +12.0%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	213	n/a	Cons. · Japanese GAAP
FYE Mar 2018	143	−32.6%	Cons. · Japanese GAAP
FYE Mar 2019	230	+60.6%	Cons. · Japanese GAAP
FYE Mar 2020	233	+1.2%	Cons. · Japanese GAAP
FYE Mar 2021	320	+37.7%	Cons. · Japanese GAAP
FYE Mar 2022	263	−18.1%	Cons. · Japanese GAAP
FYE Mar 2023	438	+66.8%	Cons. · Japanese GAAP
FYE Mar 2024	456	+4.1%	Cons. · Japanese GAAP
FYE Mar 2025	587	+28.8%	Cons. · Japanese GAAP
FYE Mar 2026	588	+0.1%	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 +28.6%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	40.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.0	−50.0%	Cons. · Japanese GAAP
FYE Mar 2019	40.0	+100.0%	Cons. · Japanese GAAP
FYE Mar 2020	60.0	+50.0%	Cons. · Japanese GAAP
FYE Mar 2021	110	+83.3%	Cons. · Japanese GAAP
FYE Mar 2022	160	+45.5%	Cons. · Japanese GAAP
FYE Mar 2023	210	+31.3%	Cons. · Japanese GAAP
FYE Mar 2024	230	+9.5%	Cons. · Japanese GAAP
FYE Mar 2025	300	+30.4%	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 ¥918bn

CAGR · 10 yrs +7.9%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	463	n/a	Cons. · Japanese GAAP
FYE Mar 2018	415	−10.4%	Cons. · Japanese GAAP
FYE Mar 2019	530	+27.8%	Cons. · Japanese GAAP
FYE Mar 2020	715	+35.0%	Cons. · Japanese GAAP
FYE Mar 2021	694	−2.9%	Cons. · Japanese GAAP
FYE Mar 2022	837	+20.5%	Cons. · Japanese GAAP
FYE Mar 2023	736	−12.0%	Cons. · Japanese GAAP
FYE Mar 2024	755	+2.5%	Cons. · Japanese GAAP
FYE Mar 2025	931	+23.3%	Cons. · Japanese GAAP
FYE Mar 2026	918	−1.4%	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 ¥384bn

CAGR · 10 yrs +3.3%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	286	n/a	Cons. · Japanese GAAP
FYE Mar 2018	253	−11.5%	Cons. · Japanese GAAP
FYE Mar 2019	320	+26.6%	Cons. · Japanese GAAP
FYE Mar 2020	366	+14.3%	Cons. · Japanese GAAP
FYE Mar 2021	352	−3.8%	Cons. · Japanese GAAP
FYE Mar 2022	431	+22.6%	Cons. · Japanese GAAP
FYE Mar 2023	349	−19.2%	Cons. · Japanese GAAP
FYE Mar 2024	361	+3.5%	Cons. · Japanese GAAP
FYE Mar 2025	390	+8.0%	Cons. · Japanese GAAP
FYE Mar 2026	384	−1.5%	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 50.5%

Average · 10 yrs 50.4%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	51.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	55.8	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2019	53.6	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2020	48.2	−5.5pp	Cons. · Japanese GAAP
FYE Mar 2021	50.3	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2022	50.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	48.1	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2024	49.5	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2025	46.3	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2026	50.5	+4.2pp	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 32.9%

Average · 10 yrs 31.1%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	26.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.3	−6.3pp	Cons. · Japanese GAAP
FYE Mar 2019	22.3	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2020	37.1	+14.9pp	Cons. · Japanese GAAP
FYE Mar 2021	31.7	−5.5pp	Cons. · Japanese GAAP
FYE Mar 2022	29.2	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2023	36.5	+7.2pp	Cons. · Japanese GAAP
FYE Mar 2024	33.3	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2025	41.4	+8.1pp	Cons. · Japanese GAAP
FYE Mar 2026	32.9	−8.5pp	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 7.6%

Average · 10 yrs 6.8%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	10.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.2	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2019	10.7	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2020	7.6	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2021	5.4	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2022	9.6	+4.2pp	Cons. · Japanese GAAP
FYE Mar 2023	-5.5	−15.1pp	Cons. · Japanese GAAP
FYE Mar 2024	2.4	+8.0pp	Cons. · Japanese GAAP
FYE Mar 2025	7.3	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2026	7.6	+0.3pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 3.8%

Average · 10 yrs 3.5%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	5.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.4	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2019	5.7	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	3.7	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2021	2.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	4.8	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2023	-2.7	−7.5pp	Cons. · Japanese GAAP
FYE Mar 2024	1.2	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2025	3.4	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2026	3.8	+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 0.74×

CAGR · 10 yrs −1.3%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.84	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.89	+6.0%	Cons. · Japanese GAAP
FYE Mar 2019	0.84	−4.8%	Cons. · Japanese GAAP
FYE Mar 2020	0.76	−9.5%	Cons. · Japanese GAAP
FYE Mar 2021	0.72	−5.4%	Cons. · Japanese GAAP
FYE Mar 2022	0.73	+1.9%	Cons. · Japanese GAAP
FYE Mar 2023	0.79	+7.4%	Cons. · Japanese GAAP
FYE Mar 2024	0.76	−3.7%	Cons. · Japanese GAAP
FYE Mar 2025	0.76	−0.5%	Cons. · Japanese GAAP
FYE Mar 2026	0.74	−1.8%	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 ¥303bn

CAGR · 10 yrs +6.7%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	169	n/a	Cons. · Japanese GAAP
FYE Mar 2018	250	+47.9%	Cons. · Japanese GAAP
FYE Mar 2019	212	−15.1%	Cons. · Japanese GAAP
FYE Mar 2020	124	−41.3%	Cons. · Japanese GAAP
FYE Mar 2021	254	+103.8%	Cons. · Japanese GAAP
FYE Mar 2022	183	−27.8%	Cons. · Japanese GAAP
FYE Mar 2023	90.8	−50.5%	Cons. · Japanese GAAP
FYE Mar 2024	295	+225.2%	Cons. · Japanese GAAP
FYE Mar 2025	301	+2.1%	Cons. · Japanese GAAP
FYE Mar 2026	303	+0.5%	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 -¥107bn

Average · 10 yrs -¥194bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-89.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-110	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-199	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-318	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-158	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-221	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-214	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-143	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-381	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-107	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 -¥245bn

Average · 10 yrs -¥11bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-74.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-134	n/a	Cons. · Japanese GAAP
FYE Mar 2019	17.4	n/a	Cons. · Japanese GAAP
FYE Mar 2020	222	+1176.3%	Cons. · Japanese GAAP
FYE Mar 2021	-95.9	−143.2%	Cons. · Japanese GAAP
FYE Mar 2022	42.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	112	+164.1%	Cons. · Japanese GAAP
FYE Mar 2024	-94.3	−184.4%	Cons. · Japanese GAAP
FYE Mar 2025	145	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-245	−269.7%	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 ¥372bn

CAGR · 10 yrs +11.1%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	144	n/a	Cons. · Japanese GAAP
FYE Mar 2018	149	+3.1%	Cons. · Japanese GAAP
FYE Mar 2019	181	+21.5%	Cons. · Japanese GAAP
FYE Mar 2020	205	+13.4%	Cons. · Japanese GAAP
FYE Mar 2021	216	+5.6%	Cons. · Japanese GAAP
FYE Mar 2022	243	+12.4%	Cons. · Japanese GAAP
FYE Mar 2023	248	+2.0%	Cons. · Japanese GAAP
FYE Mar 2024	333	+34.5%	Cons. · Japanese GAAP
FYE Mar 2025	390	+17.0%	Cons. · Japanese GAAP
FYE Mar 2026	372	−4.6%	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 ¥196bn

CAGR · 10 yrs +10.6%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	79.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	140	+76.6%	Cons. · Japanese GAAP
FYE Mar 2019	13.1	−90.6%	Cons. · Japanese GAAP
FYE Mar 2020	-194	−1573.5%	Cons. · Japanese GAAP
FYE Mar 2021	95.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-37.7	−139.4%	Cons. · Japanese GAAP
FYE Mar 2023	-123	n/a	Cons. · Japanese GAAP
FYE Mar 2024	153	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-79.7	−152.2%	Cons. · Japanese GAAP
FYE Mar 2026	196	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 9.9%

Average · 10 yrs 9.0%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	9.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.2	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2019	9.8	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2020	5.8	−4.0pp	Cons. · Japanese GAAP
FYE Mar 2021	12.0	+6.3pp	Cons. · Japanese GAAP
FYE Mar 2022	7.4	−4.6pp	Cons. · Japanese GAAP
FYE Mar 2023	3.3	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2024	10.6	+7.3pp	Cons. · Japanese GAAP
FYE Mar 2025	9.9	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	9.9	−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 -¥315bn

Average · 10 yrs -¥252bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-162	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-113	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-127	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-300	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-249	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-250	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-358	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-271	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-380	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-315	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 ¥2.06tn

Change · 9 yrs +¥546bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	1,515	n/a
FYE Mar 2018	1,962	n/a
FYE Mar 2019	1,602	n/a
FYE Mar 2020	1,066	n/a
FYE Mar 2021	1,777	n/a
FYE Mar 2022	1,482	n/a
FYE Mar 2023	n/a	n/a
FYE Mar 2024	1,550	n/a
FYE Mar 2025	1,430	n/a
FYE Mar 2026	2,061	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 1,509¥

Change · 9 yrs +429¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,080	n/a
FYE Mar 2018	1,399	n/a
FYE Mar 2019	1,142	n/a
FYE Mar 2020	765	n/a
FYE Mar 2021	1,275	n/a
FYE Mar 2022	1,063	n/a
FYE Mar 2023	n/a	n/a
FYE Mar 2024	1,112	n/a
FYE Mar 2025	1,047	n/a
FYE Mar 2026	1,509	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 1,365,752,000shares

Change · 10 yrs −36,864,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	1,402,616,000	Parent
FYE Mar 2018	1,402,616,000	Parent
FYE Mar 2019	1,402,616,000	Parent
FYE Mar 2020	1,393,932,000	Parent
FYE Mar 2021	1,393,932,000	Parent
FYE Mar 2022	1,393,932,000	Parent
FYE Mar 2023	1,393,932,000	Parent
FYE Mar 2024	1,393,932,000	Parent
FYE Mar 2025	1,365,752,000	Parent
FYE Mar 2026	1,365,752,000	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 116.97¥

Change · 10 yrs +34.63¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	82.34	Cons.
FYE Mar 2018	121.93	Cons.
FYE Mar 2019	105.66	Cons.
FYE Mar 2020	74.85	Cons.
FYE Mar 2021	57.49	Cons.
FYE Mar 2022	116.68	Cons.
FYE Mar 2023	-66.30	Cons.
FYE Mar 2024	31.60	Cons.
FYE Mar 2025	97.94	Cons.
FYE Mar 2026	116.97	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 1,529.16¥

Change · 10 yrs +708.31¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	820.85	Cons. · Japanese GAAP
FYE Mar 2018	917.85	Cons. · Japanese GAAP
FYE Mar 2019	984.93	Cons. · Japanese GAAP
FYE Mar 2020	975.17	Cons. · Japanese GAAP
FYE Mar 2021	1,052.76	Cons. · Japanese GAAP
FYE Mar 2022	1,210.54	Cons. · Japanese GAAP
FYE Mar 2023	1,191.09	Cons. · Japanese GAAP
FYE Mar 2024	1,300.92	Cons. · Japanese GAAP
FYE Mar 2025	1,361.46	Cons. · Japanese GAAP
FYE Mar 2026	1,529.16	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 12.90×

Average · 9 yrs 15.08×

Fiscal year	PER ×	Basis
FYE Mar 2017	13.12	Cons.
FYE Mar 2018	11.47	Cons.
FYE Mar 2019	10.81	Cons.
FYE Mar 2020	10.22	Cons.
FYE Mar 2021	22.17	Cons.
FYE Mar 2022	9.11	Cons.
FYE Mar 2023	n/a	Cons.
FYE Mar 2024	35.19	Cons.
FYE Mar 2025	10.69	Cons.
FYE Mar 2026	12.90	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 0.98×

Average · 9 yrs 1.05×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.31	Cons.
FYE Mar 2018	1.52	Cons.
FYE Mar 2019	1.15	Cons.
FYE Mar 2020	0.78	Cons.
FYE Mar 2021	1.21	Cons.
FYE Mar 2022	0.87	Cons.
FYE Mar 2023	n/a	Cons.
FYE Mar 2024	0.85	Cons.
FYE Mar 2025	0.76	Cons.
FYE Mar 2026	0.98	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 47,895people

Change · 10 yrs +14,175 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	33,720	n/a	Cons.
FYE Mar 2018	34,670	+2.8%	Cons.
FYE Mar 2019	39,283	+13.3%	Cons.
FYE Mar 2020	40,689	+3.6%	Cons.
FYE Mar 2021	44,497	+9.4%	Cons.
FYE Mar 2022	46,751	+5.1%	Cons.
FYE Mar 2023	48,897	+4.6%	Cons.
FYE Mar 2024	49,295	+0.8%	Cons.
FYE Mar 2025	50,352	+2.1%	Cons.
FYE Mar 2026	47,895	−4.9%	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 8,233people

Change · 10 yrs +877 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	7,356	n/a	Parent
FYE Mar 2018	7,520	+2.2%	Parent
FYE Mar 2019	7,864	+4.6%	Parent
FYE Mar 2020	8,253	+4.9%	Parent
FYE Mar 2021	8,524	+3.3%	Parent
FYE Mar 2022	8,646	+1.4%	Parent
FYE Mar 2023	8,787	+1.6%	Parent
FYE Mar 2024	8,810	+0.3%	Parent
FYE Mar 2025	8,288	−5.9%	Parent
FYE Mar 2026	8,233	−0.7%	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 · 10 yrs +¥0.8m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	7.7	n/a	Parent
FYE Mar 2018	7.6	−0.8%	Parent
FYE Mar 2019	7.9	+3.0%	Parent
FYE Mar 2020	7.7	−2.3%	Parent
FYE Mar 2021	7.5	−2.4%	Parent
FYE Mar 2022	7.5	+0.1%	Parent
FYE Mar 2023	7.6	+1.3%	Parent
FYE Mar 2024	7.5	−1.0%	Parent
FYE Mar 2025	8.0	+6.3%	Parent
FYE Mar 2026	8.5	+6.0%	Parent

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

Average age

FYE Mar 2026 41.9years

Change · 8 yrs −0.4 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	42.3	n/a	Parent
FYE Mar 2020	41.8	−1.2%	Parent
FYE Mar 2021	41.5	−0.7%	Parent
FYE Mar 2022	41.3	−0.5%	Parent
FYE Mar 2023	41.5	+0.5%	Parent
FYE Mar 2024	41.5	−0.0%	Parent
FYE Mar 2025	41.8	+0.7%	Parent
FYE Mar 2026	41.9	+0.2%	Parent

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

Average length of service

FYE Mar 2026 17.1years

Change · 10 yrs +0.5 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	16.6	n/a	Parent
FYE Mar 2018	16.4	−1.2%	Parent
FYE Mar 2019	15.8	−3.7%	Parent
FYE Mar 2020	15.1	−4.4%	Parent
FYE Mar 2021	14.8	−2.0%	Parent
FYE Mar 2022	14.6	−1.4%	Parent
FYE Mar 2023	13.9	−4.8%	Parent
FYE Mar 2024	14.3	+2.9%	Parent
FYE Mar 2025	14.8	+3.5%	Parent
FYE Mar 2026	17.1	+15.5%	Parent

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

Revenue per employee

FYE Mar 2026 ¥64.2m

Change · 10 yrs +¥8.4m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	55.8	n/a	Cons.
FYE Mar 2018	58.9	+5.5%	Cons.
FYE Mar 2019	55.3	−6.2%	Cons.
FYE Mar 2020	52.9	−4.3%	Cons.
FYE Mar 2021	47.3	−10.5%	Cons.
FYE Mar 2022	52.6	+11.2%	Cons.
FYE Mar 2023	55.8	+5.9%	Cons.
FYE Mar 2024	56.5	+1.3%	Cons.
FYE Mar 2025	60.3	+6.8%	Cons.
FYE Mar 2026	64.2	+6.4%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥4.8m

Change · 10 yrs +¥0.1m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	4.7	n/a	Cons.
FYE Mar 2018	5.7	+21.2%	Cons.
FYE Mar 2019	5.3	−6.8%	Cons.
FYE Mar 2020	4.4	−18.3%	Cons.
FYE Mar 2021	3.9	−11.4%	Cons.
FYE Mar 2022	4.3	+12.3%	Cons.
FYE Mar 2023	2.6	−39.7%	Cons.
FYE Mar 2024	2.9	+9.3%	Cons.
FYE Mar 2025	4.2	+47.4%	Cons.
FYE Mar 2026	4.8	+14.7%	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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