Financials

TOKYO BASE: FYE Jan 2026 and ten years of results (50 metrics)

FYE Jan 2026 · Revenue¥24bnYoY +17.5%

FYE Jan 2026 · Operating profit¥2.0bnYoY +32.8%

FYE Jan 2026 · Net profit¥1.2bnYoY +55.6%

FYE Jan 2026 · Equity ratio42.2%YoY −2.4pp

FYE Jan 2026 · Group employees402YoY +124

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Feb 2017Parent only	¥9.4bn	n/a	¥1.3bn	n/a	13.8%	¥0.9bn	Tani Masato	Renamed TOKYO BASE; Hong Kong subsidiary
FYE Feb 2018Parent only	¥13bn	+36.6%	¥1.6bn	+22.0%	12.3%	¥1.1bn	Tani Masato	First Section of the TSE; first overseas store in Hong Kong
FYE Feb 2019Parent only	¥14bn	+9.2%	¥1.4bn	−10.7%	10.1%	¥1.0bn	Tani Masato	—
FYE Feb 2020Consolidated	¥15bn	+9.3%	¥1.3bn	−7.9%	8.5%	¥0.9bn	Tani Masato	Shanghai subsidiary; mainland China rollout
FYE Feb 2021Consolidated	¥15bn	−3.8%	¥0.2bn	−84.0%	1.4%	-¥0.1bn	Tani Masato	First net loss; PUBLIC TOKYO launched
FYE Jan 2022Consolidated	¥18bn	+20.1%	¥0.9bn	+356.5%	5.4%	¥0.8bn	Tani Masato	Keeps opening in China as rivals retrench
FYE Jan 2023Consolidated	¥19bn	+8.9%	¥0.2bn	−77.3%	1.1%	-¥0.5bn	Tani Masato	About 30 mainland stores
FYE Jan 2024Consolidated	¥20bn	+4.2%	¥0.9bn	+309.8%	4.4%	¥0.3bn	Tani Masato	Record sales, largest net loss since listing
FYE Jan 2025Consolidated	¥20bn	+1.1%	¥1.5bn	+67.1%	7.3%	¥0.8bn	Tani Masato	Three-stage medium-term plan; China stores closed, discounting ended
FYE Jan 2026Consolidated	¥24bn	+17.5%	¥2.0bn	+32.8%	8.2%	¥1.2bn	Tani Masato	China monthly profitable; buyback and cancellation of shares

How it compares

and ST Holdings¥304bnFY2025Operating margin 5.4%World¥284bnFY2025Operating margin 5.6%Pal Group Holdings¥235bnFY2025Operating margin 11.6%

Onwadohorudingusu¥208bnFY2024Operating margin 4.9%

Nishimatsuyachen¥193bnFY2025Operating margin 5.1%

Wacoal Holdings¥172bnFY2025Operating margin 11.6%

United Arrows¥165bnFY2025Operating margin 5.5%

Tiesuaihorudingusu¥157bnFY2024Operating margin 1.0%

Sanyo Shokai¥58bnFY2025Operating margin 2.2%Renown IncorporatedDelisted 2020

TOKYO BASE¥24bnFY2025Operating margin 8.2%

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 Jan 2026 ¥24bn

CAGR · 10 yrs +10.9%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Feb 2017	9.4	n/a	Parent · Japanese GAAP
FYE Feb 2018	12.8	+36.6%	Parent · Japanese GAAP
FYE Feb 2019	14.0	+9.2%	Parent · Japanese GAAP
FYE Feb 2020	15.2	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	14.7	−3.8%	Cons. · Japanese GAAP
FYE Jan 2022	17.6	+20.1%	Cons. · Japanese GAAP
FYE Jan 2023	19.2	+8.9%	Cons. · Japanese GAAP
FYE Jan 2024	20.0	+4.2%	Cons. · Japanese GAAP
FYE Jan 2025	20.2	+1.1%	Cons. · Japanese GAAP
FYE Jan 2026	23.7	+17.5%	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 Jan 2026 ¥11bn

CAGR · 10 yrs +11.3%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Feb 2017	4.4	n/a	Parent · Japanese GAAP
FYE Feb 2018	6.2	+42.0%	Parent · Japanese GAAP
FYE Feb 2019	6.9	+11.1%	Parent · Japanese GAAP
FYE Feb 2020	7.4	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	7.5	+2.4%	Cons. · Japanese GAAP
FYE Jan 2022	8.4	+11.1%	Cons. · Japanese GAAP
FYE Jan 2023	9.6	+14.5%	Cons. · Japanese GAAP
FYE Jan 2024	10.0	+4.2%	Cons. · Japanese GAAP
FYE Jan 2025	9.8	−2.0%	Cons. · Japanese GAAP
FYE Jan 2026	11.4	+17.0%	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 Jan 2026 ¥12bn

CAGR · 10 yrs +10.6%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Feb 2017	5.0	n/a	Parent · Japanese GAAP
FYE Feb 2018	6.6	+31.8%	Parent · Japanese GAAP
FYE Feb 2019	7.0	+7.3%	Parent · Japanese GAAP
FYE Feb 2020	7.9	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	7.1	−9.5%	Cons. · Japanese GAAP
FYE Jan 2022	9.3	+29.5%	Cons. · Japanese GAAP
FYE Jan 2023	9.6	+3.8%	Cons. · Japanese GAAP
FYE Jan 2024	10.0	+4.2%	Cons. · Japanese GAAP
FYE Jan 2025	10.4	+4.2%	Cons. · Japanese GAAP
FYE Jan 2026	12.3	+17.9%	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 Jan 2026 ¥10bn

CAGR · 10 yrs +12.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Feb 2017	3.7	n/a	Parent · Japanese GAAP
FYE Feb 2018	5.0	+35.3%	Parent · Japanese GAAP
FYE Feb 2019	5.6	+13.0%	Parent · Japanese GAAP
FYE Feb 2020	6.6	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	6.9	+5.2%	Cons. · Japanese GAAP
FYE Jan 2022	8.3	+19.7%	Cons. · Japanese GAAP
FYE Jan 2023	9.4	+13.1%	Cons. · Japanese GAAP
FYE Jan 2024	9.1	−2.8%	Cons. · Japanese GAAP
FYE Jan 2025	9.0	−1.9%	Cons. · Japanese GAAP
FYE Jan 2026	10.3	+15.5%	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 Jan 2026 ¥2.0bn

CAGR · 10 yrs +4.7%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Feb 2017	1.3	n/a	Parent · Japanese GAAP
FYE Feb 2018	1.6	+22.0%	Parent · Japanese GAAP
FYE Feb 2019	1.4	−10.7%	Parent · Japanese GAAP
FYE Feb 2020	1.3	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	0.2	−84.0%	Cons. · Japanese GAAP
FYE Jan 2022	0.9	+356.5%	Cons. · Japanese GAAP
FYE Jan 2023	0.2	−77.3%	Cons. · Japanese GAAP
FYE Jan 2024	0.9	+309.8%	Cons. · Japanese GAAP
FYE Jan 2025	1.5	+67.1%	Cons. · Japanese GAAP
FYE Jan 2026	2.0	+32.8%	Cons. · Japanese GAAP

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

Non-operating income

FYE Jan 2026 ¥27.5m

CAGR · 10 yrs +33.1%

Fiscal year	Non-operating income ¥ m	YoY	Basis
FYE Feb 2017	2.1	n/a	Parent · Japanese GAAP
FYE Feb 2018	4.4	+107.6%	Parent · Japanese GAAP
FYE Feb 2019	7.7	+75.7%	Parent · Japanese GAAP
FYE Feb 2020	6.1	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	9.8	+61.8%	Cons. · Japanese GAAP
FYE Jan 2022	180	+1740.1%	Cons. · Japanese GAAP
FYE Jan 2023	110	−39.1%	Cons. · Japanese GAAP
FYE Jan 2024	280	+155.1%	Cons. · Japanese GAAP
FYE Jan 2025	40.8	−85.4%	Cons. · Japanese GAAP
FYE Jan 2026	27.5	−32.7%	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 Jan 2026 ¥93.8m

CAGR · 10 yrs +14.9%

Fiscal year	Non-operating expenses ¥ m	YoY	Basis
FYE Feb 2017	26.8	n/a	Parent · Japanese GAAP
FYE Feb 2018	1.6	−93.9%	Parent · Japanese GAAP
FYE Feb 2019	2.5	+53.0%	Parent · Japanese GAAP
FYE Feb 2020	10.0	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	7.5	−25.1%	Cons. · Japanese GAAP
FYE Jan 2022	44.8	+497.3%	Cons. · Japanese GAAP
FYE Jan 2023	59.2	+32.2%	Cons. · Japanese GAAP
FYE Jan 2024	38.6	−34.9%	Cons. · Japanese GAAP
FYE Jan 2025	37.9	−1.7%	Cons. · Japanese GAAP
FYE Jan 2026	93.8	+147.3%	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 Jan 2026 ¥1.9bn

CAGR · 10 yrs +4.6%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Feb 2017	1.3	n/a	Parent · Japanese GAAP
FYE Feb 2018	1.6	+24.6%	Parent · Japanese GAAP
FYE Feb 2019	1.4	−10.6%	Parent · Japanese GAAP
FYE Feb 2020	1.3	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	0.2	−83.8%	Cons. · Japanese GAAP
FYE Jan 2022	1.1	+416.0%	Cons. · Japanese GAAP
FYE Jan 2023	0.3	−75.5%	Cons. · Japanese GAAP
FYE Jan 2024	1.1	+322.8%	Cons. · Japanese GAAP
FYE Jan 2025	1.5	+31.5%	Cons. · Japanese GAAP
FYE Jan 2026	1.9	+28.1%	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 Jan 2026 n/a

CAGR · 7 yrs +24.0%

Fiscal year	Extraordinary income ¥ m	YoY	Basis
FYE Feb 2017	n/a	n/a	Parent · Japanese GAAP
FYE Feb 2018	0.1	n/a	Parent · Japanese GAAP
FYE Feb 2019	1.3	+1045.5%	Parent · Japanese GAAP
FYE Feb 2020	40.7	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	135	+232.6%	Cons. · Japanese GAAP
FYE Jan 2022	133	−2.2%	Cons. · Japanese GAAP
FYE Jan 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Jan 2024	51.2	n/a	Cons. · Japanese GAAP
FYE Jan 2025	0.4	−99.2%	Cons. · Japanese GAAP
FYE Jan 2026	n/a	n/a	Cons. · Japanese GAAP

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

Extraordinary loss

FYE Jan 2026 n/a

CAGR · 3 yrs −61.0%

Fiscal year	Extraordinary loss ¥ m	YoY	Basis
FYE Feb 2017	27.8	n/a	Parent · Japanese GAAP
FYE Feb 2018	n/a	n/a	Parent · Japanese GAAP
FYE Feb 2019	42.1	n/a	Parent · Japanese GAAP
FYE Feb 2020	4.2	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Jan 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Jan 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Jan 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Jan 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Jan 2026	n/a	n/a	Cons. · Japanese GAAP

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

Net profit profit attributable to owners of the parent

FYE Jan 2026 ¥1.2bn

CAGR · 10 yrs +3.9%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Feb 2017	0.9	n/a	Parent · Japanese GAAP
FYE Feb 2018	1.1	+31.5%	Parent · Japanese GAAP
FYE Feb 2019	1.0	−14.2%	Parent · Japanese GAAP
FYE Feb 2020	0.9	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	-0.1	−112.1%	Cons. · Japanese GAAP
FYE Jan 2022	0.8	n/a	Cons. · Japanese GAAP
FYE Jan 2023	-0.5	−170.7%	Cons. · Japanese GAAP
FYE Jan 2024	0.3	n/a	Cons. · Japanese GAAP
FYE Jan 2025	0.8	+131.6%	Cons. · Japanese GAAP
FYE Jan 2026	1.2	+55.6%	Cons. · Japanese GAAP

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

Gross margin

FYE Jan 2026 51.8%

Average · 10 yrs 51.2%

Fiscal year	Gross margin %	YoY	Basis
FYE Feb 2017	53.2	n/a	Parent · Japanese GAAP
FYE Feb 2018	51.3	−1.9pp	Parent · Japanese GAAP
FYE Feb 2019	50.5	−0.9pp	Parent · Japanese GAAP
FYE Feb 2020	51.8	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	48.7	−3.1pp	Cons. · Japanese GAAP
FYE Jan 2022	52.5	+3.8pp	Cons. · Japanese GAAP
FYE Jan 2023	50.1	−2.4pp	Cons. · Japanese GAAP
FYE Jan 2024	50.1	−0.0pp	Cons. · Japanese GAAP
FYE Jan 2025	51.6	+1.5pp	Cons. · Japanese GAAP
FYE Jan 2026	51.8	+0.2pp	Cons. · Japanese GAAP

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Jan 2026 8.2%

Average · 10 yrs 7.3%

Fiscal year	Operating margin %	YoY	Basis
FYE Feb 2017	13.8	n/a	Parent · Japanese GAAP
FYE Feb 2018	12.3	−1.5pp	Parent · Japanese GAAP
FYE Feb 2019	10.1	−2.2pp	Parent · Japanese GAAP
FYE Feb 2020	8.5	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	1.4	−7.1pp	Cons. · Japanese GAAP
FYE Jan 2022	5.4	+4.0pp	Cons. · Japanese GAAP
FYE Jan 2023	1.1	−4.3pp	Cons. · Japanese GAAP
FYE Jan 2024	4.4	+3.3pp	Cons. · Japanese GAAP
FYE Jan 2025	7.3	+2.9pp	Cons. · Japanese GAAP
FYE Jan 2026	8.2	+1.0pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Jan 2026 8.0%

Average · 10 yrs 7.4%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Feb 2017	13.5	n/a	Parent · Japanese GAAP
FYE Feb 2018	12.3	−1.2pp	Parent · Japanese GAAP
FYE Feb 2019	10.1	−2.2pp	Parent · Japanese GAAP
FYE Feb 2020	8.5	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	1.4	−7.0pp	Cons. · Japanese GAAP
FYE Jan 2022	6.1	+4.7pp	Cons. · Japanese GAAP
FYE Jan 2023	1.4	−4.8pp	Cons. · Japanese GAAP
FYE Jan 2024	5.6	+4.2pp	Cons. · Japanese GAAP
FYE Jan 2025	7.3	+1.7pp	Cons. · Japanese GAAP
FYE Jan 2026	8.0	+0.7pp	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 Jan 2026 5.1%

Average · 10 yrs 4.2%

Fiscal year	Net margin %	YoY	Basis
FYE Feb 2017	9.2	n/a	Parent · Japanese GAAP
FYE Feb 2018	8.8	−0.3pp	Parent · Japanese GAAP
FYE Feb 2019	6.9	−1.9pp	Parent · Japanese GAAP
FYE Feb 2020	6.1	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	-0.8	−6.9pp	Cons. · Japanese GAAP
FYE Jan 2022	4.3	+5.1pp	Cons. · Japanese GAAP
FYE Jan 2023	-2.8	−7.1pp	Cons. · Japanese GAAP
FYE Jan 2024	1.7	+4.5pp	Cons. · Japanese GAAP
FYE Jan 2025	3.8	+2.2pp	Cons. · Japanese GAAP
FYE Jan 2026	5.1	+1.2pp	Cons. · Japanese GAAP

Definition: The share of revenue left after everything
Formula: Net profit ÷ revenue
Source: Securities report (XBRL)

Cost-of-sales ratio

FYE Jan 2026 48.2%

Average · 10 yrs 48.8%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Feb 2017	46.8	n/a	Parent · Japanese GAAP
FYE Feb 2018	48.7	+1.9pp	Parent · Japanese GAAP
FYE Feb 2019	49.5	+0.9pp	Parent · Japanese GAAP
FYE Feb 2020	48.2	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	51.3	+3.1pp	Cons. · Japanese GAAP
FYE Jan 2022	47.5	−3.8pp	Cons. · Japanese GAAP
FYE Jan 2023	49.9	+2.4pp	Cons. · Japanese GAAP
FYE Jan 2024	49.9	−0.0pp	Cons. · Japanese GAAP
FYE Jan 2025	48.4	−1.5pp	Cons. · Japanese GAAP
FYE Jan 2026	48.2	−0.2pp	Cons. · Japanese GAAP

Definition: The share of revenue taken by the cost of sales
Formula: Cost of sales ÷ revenue
Source: Securities report (XBRL)

SG&A ratio

FYE Jan 2026 43.6%

Average · 10 yrs 43.9%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Feb 2017	39.4	n/a	Parent · Japanese GAAP
FYE Feb 2018	39.0	−0.4pp	Parent · Japanese GAAP
FYE Feb 2019	40.4	+1.4pp	Parent · Japanese GAAP
FYE Feb 2020	43.3	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	47.3	+4.0pp	Cons. · Japanese GAAP
FYE Jan 2022	47.2	−0.1pp	Cons. · Japanese GAAP
FYE Jan 2023	49.0	+1.8pp	Cons. · Japanese GAAP
FYE Jan 2024	45.7	−3.3pp	Cons. · Japanese GAAP
FYE Jan 2025	44.4	−1.3pp	Cons. · Japanese GAAP
FYE Jan 2026	43.6	−0.8pp	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 Jan 2026 ¥15bn

CAGR · 9 yrs +14.3%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Feb 2017	5.1	n/a	Parent · Japanese GAAP
FYE Feb 2018	7.6	+48.2%	Parent · Japanese GAAP
FYE Feb 2019	n/a	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2020	10.6	n/a	Cons. · Japanese GAAP
FYE Feb 2021	7.6	−28.7%	Cons. · Japanese GAAP
FYE Jan 2022	11.5	+52.8%	Cons. · Japanese GAAP
FYE Jan 2023	11.2	−3.1%	Cons. · Japanese GAAP
FYE Jan 2024	11.9	+6.2%	Cons. · Japanese GAAP
FYE Jan 2025	11.5	−3.6%	Cons. · Japanese GAAP
FYE Jan 2026	14.9	+29.8%	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 Jan 2026 ¥6.3bn

CAGR · 10 yrs +9.9%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Feb 2017	2.7	n/a	Parent · Japanese GAAP
FYE Feb 2018	4.1	+52.4%	Parent · Japanese GAAP
FYE Feb 2019	5.1	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2020	5.9	+15.8%	Cons. · Japanese GAAP
FYE Feb 2021	3.2	−45.2%	Cons. · Japanese GAAP
FYE Jan 2022	5.9	+83.4%	Cons. · Japanese GAAP
FYE Jan 2023	5.4	−9.1%	Cons. · Japanese GAAP
FYE Jan 2024	5.5	+3.1%	Cons. · Japanese GAAP
FYE Jan 2025	5.1	−7.7%	Cons. · Japanese GAAP
FYE Jan 2026	6.3	+22.7%	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 Jan 2026 ¥3.3bn

CAGR · 9 yrs +24.4%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Feb 2017	0.6	n/a	Parent · Japanese GAAP
FYE Feb 2018	1.6	+171.4%	Parent · Japanese GAAP
FYE Feb 2019	n/a	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2020	2.4	n/a	Cons. · Japanese GAAP
FYE Feb 2021	2.2	−9.8%	Cons. · Japanese GAAP
FYE Jan 2022	2.0	−11.4%	Cons. · Japanese GAAP
FYE Jan 2023	1.8	−8.0%	Cons. · Japanese GAAP
FYE Jan 2024	2.8	+53.1%	Cons. · Japanese GAAP
FYE Jan 2025	2.3	−17.7%	Cons. · Japanese GAAP
FYE Jan 2026	3.3	+46.0%	Cons. · Japanese GAAP

Definition: Borrowings the company pays interest on
Formula: Loans + bonds + lease obligations
Source: Securities report (XBRL)

Short-term borrowings

FYE Jan 2026 ¥1.9bn

CAGR · 9 yrs +39.4%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Feb 2017	0.1	n/a	Parent · Japanese GAAP
FYE Feb 2018	0.5	+262.5%	Parent · Japanese GAAP
FYE Feb 2019	n/a	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2020	1.1	n/a	Cons. · Japanese GAAP
FYE Feb 2021	1.2	+10.1%	Cons. · Japanese GAAP
FYE Jan 2022	1.2	+1.1%	Cons. · Japanese GAAP
FYE Jan 2023	1.1	−8.7%	Cons. · Japanese GAAP
FYE Jan 2024	0.9	−18.2%	Cons. · Japanese GAAP
FYE Jan 2025	0.7	−22.2%	Cons. · Japanese GAAP
FYE Jan 2026	1.9	+171.4%	Cons. · Japanese GAAP

Definition: Borrowings repayable within a year
Formula: Short-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Long-term borrowings

FYE Jan 2026 ¥1.4bn

CAGR · 9 yrs +15.5%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Feb 2017	0.4	n/a	Parent · Japanese GAAP
FYE Feb 2018	1.1	+144.1%	Parent · Japanese GAAP
FYE Feb 2019	n/a	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2020	1.4	n/a	Cons. · Japanese GAAP
FYE Feb 2021	1.0	−25.7%	Cons. · Japanese GAAP
FYE Jan 2022	0.7	−26.2%	Cons. · Japanese GAAP
FYE Jan 2023	0.7	−6.7%	Cons. · Japanese GAAP
FYE Jan 2024	1.9	+165.6%	Cons. · Japanese GAAP
FYE Jan 2025	1.6	−15.5%	Cons. · Japanese GAAP
FYE Jan 2026	1.4	−10.0%	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 Jan 2026 ¥27.7m

CAGR · 9 yrs +10.7%

Fiscal year	Intangible assets ¥ m	YoY	Basis
FYE Feb 2017	12.3	n/a	Parent · Japanese GAAP
FYE Feb 2018	10.4	−15.8%	Parent · Japanese GAAP
FYE Feb 2019	n/a	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2020	57.6	n/a	Cons. · Japanese GAAP
FYE Feb 2021	66.9	+16.2%	Cons. · Japanese GAAP
FYE Jan 2022	77.3	+15.5%	Cons. · Japanese GAAP
FYE Jan 2023	65.1	−15.8%	Cons. · Japanese GAAP
FYE Jan 2024	37.7	−42.0%	Cons. · Japanese GAAP
FYE Jan 2025	24.6	−34.9%	Cons. · Japanese GAAP
FYE Jan 2026	27.7	+13.0%	Cons. · Japanese GAAP

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

Equity ratio

FYE Jan 2026 42.2%

Average · 9 yrs 48.5%

Fiscal year	Equity ratio %	YoY	Basis
FYE Feb 2017	52.4	n/a	Parent · Japanese GAAP
FYE Feb 2018	53.9	+1.5pp	Parent · Japanese GAAP
FYE Feb 2019	n/a	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2020	55.4	n/a	Cons. · Japanese GAAP
FYE Feb 2021	42.6	−12.8pp	Cons. · Japanese GAAP
FYE Jan 2022	51.1	+8.5pp	Cons. · Japanese GAAP
FYE Jan 2023	47.9	−3.2pp	Cons. · Japanese GAAP
FYE Jan 2024	46.5	−1.4pp	Cons. · Japanese GAAP
FYE Jan 2025	44.6	−2.0pp	Cons. · Japanese GAAP
FYE Jan 2026	42.2	−2.4pp	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 Jan 2026 52.8%

Average · 9 yrs 42.6%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Feb 2017	21.5	n/a	Parent · Japanese GAAP
FYE Feb 2018	38.4	+16.8pp	Parent · Japanese GAAP
FYE Feb 2019	n/a	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2020	41.6	n/a	Cons. · Japanese GAAP
FYE Feb 2021	68.5	+26.9pp	Cons. · Japanese GAAP
FYE Jan 2022	33.1	−35.4pp	Cons. · Japanese GAAP
FYE Jan 2023	33.5	+0.4pp	Cons. · Japanese GAAP
FYE Jan 2024	49.7	+16.2pp	Cons. · Japanese GAAP
FYE Jan 2025	44.3	−5.4pp	Cons. · Japanese GAAP
FYE Jan 2026	52.8	+8.4pp	Cons. · Japanese GAAP

Definition: Borrowings measured against the company's own capital
Formula: Interest-bearing debt ÷ equity
Source: Securities report (XBRL)

ROE return on equity

FYE Jan 2026 19.3%

Average · 10 yrs 13.4%

Fiscal year	ROE %	YoY	Basis
FYE Feb 2017	31.9	n/a	Parent · Japanese GAAP
FYE Feb 2018	27.6	−4.4pp	Parent · Japanese GAAP
FYE Feb 2019	19.0	−8.5pp	Parent · Japanese GAAP
FYE Feb 2020	15.9	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	-3.5	−19.4pp	Cons. · Japanese GAAP
FYE Jan 2022	12.9	+16.4pp	Cons. · Japanese GAAP
FYE Jan 2023	-10.1	−23.0pp	Cons. · Japanese GAAP
FYE Jan 2024	6.1	+16.1pp	Cons. · Japanese GAAP
FYE Jan 2025	15.2	+9.1pp	Cons. · Japanese GAAP
FYE Jan 2026	19.3	+4.1pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Jan 2026 8.1%

Average · 9 yrs 6.5%

Fiscal year	ROA %	YoY	Basis
FYE Feb 2017	16.7	n/a	Parent · Japanese GAAP
FYE Feb 2018	14.9	−1.9pp	Parent · Japanese GAAP
FYE Feb 2019	n/a	n/a	Parent · Japanese GAAP
FYE Feb 2020	8.8	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	-1.5	−10.3pp	Cons. · Japanese GAAP
FYE Jan 2022	6.6	+8.1pp	Cons. · Japanese GAAP
FYE Jan 2023	-4.8	−11.4pp	Cons. · Japanese GAAP
FYE Jan 2024	2.8	+7.6pp	Cons. · Japanese GAAP
FYE Jan 2025	6.8	+4.0pp	Cons. · Japanese GAAP
FYE Jan 2026	8.1	+1.4pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Jan 2026 1.60×

CAGR · 9 yrs −1.7%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Feb 2017	1.83	n/a	Parent · Japanese GAAP
FYE Feb 2018	1.69	−7.8%	Parent · Japanese GAAP
FYE Feb 2019	n/a	n/a	Parent · Japanese GAAP
FYE Feb 2020	1.44	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	1.94	+35.0%	Cons. · Japanese GAAP
FYE Jan 2022	1.53	−21.4%	Cons. · Japanese GAAP
FYE Jan 2023	1.71	+12.3%	Cons. · Japanese GAAP
FYE Jan 2024	1.68	−1.9%	Cons. · Japanese GAAP
FYE Jan 2025	1.76	+4.9%	Cons. · Japanese GAAP
FYE Jan 2026	1.60	−9.5%	Cons. · Japanese GAAP

Definition: How much revenue each yen of assets produces
Formula: Revenue ÷ total assets
Source: Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Jan 2026 ¥1.3bn

CAGR · 10 yrs −0.5%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Feb 2017	1.4	n/a	Parent · Japanese GAAP
FYE Feb 2018	0.7	−51.9%	Parent · Japanese GAAP
FYE Feb 2019	0.8	+26.5%	Parent · Japanese GAAP
FYE Feb 2020	1.3	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	0.1	−89.5%	Cons. · Japanese GAAP
FYE Jan 2022	0.9	+536.3%	Cons. · Japanese GAAP
FYE Jan 2023	0.1	−92.7%	Cons. · Japanese GAAP
FYE Jan 2024	0.8	+1186.3%	Cons. · Japanese GAAP
FYE Jan 2025	1.7	+110.5%	Cons. · Japanese GAAP
FYE Jan 2026	1.3	−24.9%	Cons. · Japanese GAAP

Definition: Cash the business itself generated
Formula: Cash flow from operating activities
Source: Securities report (XBRL)

Investing cash flow

FYE Jan 2026 -¥1.7bn

Average · 10 yrs -¥0.8bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Feb 2017	-0.3	n/a	Parent · Japanese GAAP
FYE Feb 2018	-0.4	n/a	Parent · Japanese GAAP
FYE Feb 2019	-0.6	n/a	Parent · Japanese GAAP
FYE Feb 2020	-0.5	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	-0.9	n/a	Cons. · Japanese GAAP
FYE Jan 2022	-1.6	n/a	Cons. · Japanese GAAP
FYE Jan 2023	-0.7	n/a	Cons. · Japanese GAAP
FYE Jan 2024	-0.1	n/a	Cons. · Japanese GAAP
FYE Jan 2025	-0.8	n/a	Cons. · Japanese GAAP
FYE Jan 2026	-1.7	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 Jan 2026 ¥1.1bn

CAGR · 10 yrs +7.6%

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Feb 2017	0.6	n/a	Parent · Japanese GAAP
FYE Feb 2018	1.3	+125.9%	Parent · Japanese GAAP
FYE Feb 2019	0.1	−90.7%	Parent · Japanese GAAP
FYE Feb 2020	0.7	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	-2.8	−489.4%	Cons. · Japanese GAAP
FYE Jan 2022	1.2	n/a	Cons. · Japanese GAAP
FYE Jan 2023	-0.0	−100.3%	Cons. · Japanese GAAP
FYE Jan 2024	0.9	n/a	Cons. · Japanese GAAP
FYE Jan 2025	-1.5	−260.8%	Cons. · Japanese GAAP
FYE Jan 2026	1.1	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 Jan 2026 ¥4.4bn

CAGR · 10 yrs +6.2%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Feb 2017	2.6	n/a	Parent · Japanese GAAP
FYE Feb 2018	4.0	+58.2%	Parent · Japanese GAAP
FYE Feb 2019	4.4	+9.3%	Parent · Japanese GAAP
FYE Feb 2020	6.1	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	2.6	−57.6%	Cons. · Japanese GAAP
FYE Jan 2022	3.1	+20.7%	Cons. · Japanese GAAP
FYE Jan 2023	2.5	−20.4%	Cons. · Japanese GAAP
FYE Jan 2024	4.2	+66.2%	Cons. · Japanese GAAP
FYE Jan 2025	3.7	−11.9%	Cons. · Japanese GAAP
FYE Jan 2026	4.4	+19.8%	Cons. · Japanese GAAP

Definition: Cash on hand at the year end
Formula: Closing balance in the cash flow statement
Source: Securities report (XBRL)

Free cash flow

FYE Jan 2026 -¥0.4bn

Average · 10 yrs ¥0.2bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Feb 2017	1.0	n/a	Parent · Japanese GAAP
FYE Feb 2018	0.2	−79.0%	Parent · Japanese GAAP
FYE Feb 2019	0.3	+19.0%	Parent · Japanese GAAP
FYE Feb 2020	0.8	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	-0.7	−190.6%	Cons. · Japanese GAAP
FYE Jan 2022	-0.7	n/a	Cons. · Japanese GAAP
FYE Jan 2023	-0.7	n/a	Cons. · Japanese GAAP
FYE Jan 2024	0.7	n/a	Cons. · Japanese GAAP
FYE Jan 2025	1.0	+38.3%	Cons. · Japanese GAAP
FYE Jan 2026	-0.4	−137.3%	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 Jan 2026 5.5%

Average · 10 yrs 5.9%

Fiscal year	OCF margin %	YoY	Basis
FYE Feb 2017	14.7	n/a	Parent · Japanese GAAP
FYE Feb 2018	5.2	−9.5pp	Parent · Japanese GAAP
FYE Feb 2019	6.0	+0.8pp	Parent · Japanese GAAP
FYE Feb 2020	8.7	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	0.9	−7.8pp	Cons. · Japanese GAAP
FYE Jan 2022	5.0	+4.1pp	Cons. · Japanese GAAP
FYE Jan 2023	0.3	−4.7pp	Cons. · Japanese GAAP
FYE Jan 2024	4.1	+3.8pp	Cons. · Japanese GAAP
FYE Jan 2025	8.6	+4.5pp	Cons. · Japanese GAAP
FYE Jan 2026	5.5	−3.1pp	Cons. · Japanese GAAP

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

Net cash

FYE Jan 2026 ¥1.1bn

CAGR · 9 yrs −7.2%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Feb 2017	2.0	n/a	Parent · Japanese GAAP
FYE Feb 2018	2.5	+25.1%	Parent · Japanese GAAP
FYE Feb 2019	n/a	n/a	Parent · Japanese GAAP
FYE Feb 2020	3.7	moved to consolidated	Cons. · Japanese GAAP
FYE Feb 2021	0.4	−89.2%	Cons. · Japanese GAAP
FYE Jan 2022	1.2	+197.2%	Cons. · Japanese GAAP
FYE Jan 2023	0.7	−40.7%	Cons. · Japanese GAAP
FYE Jan 2024	1.4	+99.5%	Cons. · Japanese GAAP
FYE Jan 2025	1.4	−0.5%	Cons. · Japanese GAAP
FYE Jan 2026	1.1	−22.4%	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 Jan 2026 ¥19bn

Change · 5 yrs +¥0.6bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Feb 2017	n/a	n/a
FYE Feb 2018	n/a	n/a
FYE Feb 2019	n/a	n/a
FYE Feb 2020	18.0	n/a
FYE Feb 2021	n/a	n/a
FYE Jan 2022	21.8	n/a
FYE Jan 2023	n/a	n/a
FYE Jan 2024	14.9	n/a
FYE Jan 2025	13.9	n/a
FYE Jan 2026	18.6	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 Jan 2026 422¥

Change · 5 yrs +45¥

Fiscal year	Share price ¥	Basis
FYE Feb 2017	n/a	n/a
FYE Feb 2018	n/a	n/a
FYE Feb 2019	n/a	n/a
FYE Feb 2020	377	n/a
FYE Feb 2021	n/a	n/a
FYE Jan 2022	450	n/a
FYE Jan 2023	n/a	n/a
FYE Jan 2024	325	n/a
FYE Jan 2025	319	n/a
FYE Jan 2026	422	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 Jan 2026 43,959,482shares

Change · 10 yrs +30,500,882 shares

Fiscal year	Shares outstanding shares	Basis
FYE Feb 2017	13,458,600	Parent
FYE Feb 2018	15,699,600	Parent
FYE Feb 2019	47,254,800	Parent
FYE Feb 2020	47,626,800	Parent
FYE Feb 2021	47,662,800	Parent
FYE Jan 2022	48,493,800	Parent
FYE Jan 2023	48,493,800	Parent
FYE Jan 2024	45,966,382	Parent
FYE Jan 2025	43,459,482	Parent
FYE Jan 2026	43,959,482	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 Jan 2026 27.81¥

Change · 7 yrs +8.16¥

Fiscal year	EPS ¥	Basis
FYE Feb 2017	n/a	Cons.
FYE Feb 2018	n/a	Cons.
FYE Feb 2019	n/a	Cons.
FYE Feb 2020	19.65	Cons.
FYE Feb 2021	-2.44	Cons.
FYE Jan 2022	17.15	Cons.
FYE Jan 2023	-11.76	Cons.
FYE Jan 2024	7.31	Cons.
FYE Jan 2025	17.85	Cons.
FYE Jan 2026	27.81	Cons.

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

BPS book value per share

FYE Jan 2026 142.54¥

Change · 10 yrs −56.71¥

Fiscal year	BPS ¥	Basis
FYE Feb 2017	199.25	Parent · Japanese GAAP
FYE Feb 2018	260.31	Parent · Japanese GAAP
FYE Feb 2019	107.36	Cons. · Japanese GAAP
FYE Feb 2020	123.36	Cons. · Japanese GAAP
FYE Feb 2021	67.54	Cons. · Japanese GAAP
FYE Jan 2022	121.76	Cons. · Japanese GAAP
FYE Jan 2023	110.66	Cons. · Japanese GAAP
FYE Jan 2024	120.38	Cons. · Japanese GAAP
FYE Jan 2025	117.54	Cons. · Japanese GAAP
FYE Jan 2026	142.54	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Jan 2026 15.18×

Average · 5 yrs 24.58×

Fiscal year	PER ×	Basis
FYE Feb 2017	n/a	Cons.
FYE Feb 2018	n/a	Cons.
FYE Feb 2019	n/a	Cons.
FYE Feb 2020	19.19	Cons.
FYE Feb 2021	n/a	Cons.
FYE Jan 2022	26.24	Cons.
FYE Jan 2023	n/a	Cons.
FYE Jan 2024	44.44	Cons.
FYE Jan 2025	17.87	Cons.
FYE Jan 2026	15.18	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 Jan 2026 2.97×

Average · 5 yrs 2.99×

Fiscal year	PBR ×	Basis
FYE Feb 2017	n/a	Cons.
FYE Feb 2018	n/a	Cons.
FYE Feb 2019	n/a	Cons.
FYE Feb 2020	3.05	Cons.
FYE Feb 2021	n/a	Cons.
FYE Jan 2022	3.50	Cons.
FYE Jan 2023	n/a	Cons.
FYE Jan 2024	2.70	Cons.
FYE Jan 2025	2.72	Cons.
FYE Jan 2026	2.97	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 Jan 2026 402people

Change · 7 yrs +138 people

Fiscal year	Group employees people	YoY	Basis
FYE Feb 2017	n/a	n/a	Cons.
FYE Feb 2018	n/a	n/a	Cons.
FYE Feb 2019	n/a	n/a	Cons.
FYE Feb 2020	264	n/a	Cons.
FYE Feb 2021	285	+8.0%	Cons.
FYE Jan 2022	289	+1.4%	Cons.
FYE Jan 2023	253	−12.5%	Cons.
FYE Jan 2024	274	+8.3%	Cons.
FYE Jan 2025	278	+1.5%	Cons.
FYE Jan 2026	402	+44.6%	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 Jan 2026 374people

Change · 10 yrs +236 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Feb 2017	138	n/a	Parent
FYE Feb 2018	160	+15.9%	Parent
FYE Feb 2019	196	+22.5%	Parent
FYE Feb 2020	256	+30.6%	Parent
FYE Feb 2021	278	+8.6%	Parent
FYE Jan 2022	279	+0.4%	Parent
FYE Jan 2023	250	−10.4%	Parent
FYE Jan 2024	259	+3.6%	Parent
FYE Jan 2025	262	+1.2%	Parent
FYE Jan 2026	374	+42.7%	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 Jan 2026 679万円

Change · 7 yrs +151万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Feb 2017	n/a	n/a	Parent
FYE Feb 2018	n/a	n/a	Parent
FYE Feb 2019	n/a	n/a	Parent
FYE Feb 2020	528	n/a	Parent
FYE Feb 2021	481	−8.9%	Parent
FYE Jan 2022	415	−13.7%	Parent
FYE Jan 2023	503	+21.2%	Parent
FYE Jan 2024	548	+8.8%	Parent
FYE Jan 2025	643	+17.4%	Parent
FYE Jan 2026	679	+5.6%	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 Jan 2026 27.1years

Change · 7 yrs −1.9 years

Fiscal year	Average age years	YoY	Basis
FYE Feb 2017	n/a	n/a	Parent
FYE Feb 2018	n/a	n/a	Parent
FYE Feb 2019	n/a	n/a	Parent
FYE Feb 2020	29.0	n/a	Parent
FYE Feb 2021	29.5	+1.7%	Parent
FYE Jan 2022	29.5	−0.0%	Parent
FYE Jan 2023	28.9	−2.0%	Parent
FYE Jan 2024	28.2	−2.4%	Parent
FYE Jan 2025	28.1	−0.4%	Parent
FYE Jan 2026	27.1	−3.6%	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 Jan 2026 2.1years

Change · 7 yrs −1.4 years

Fiscal year	Average length of service years	YoY	Basis
FYE Feb 2017	n/a	n/a	Parent
FYE Feb 2018	n/a	n/a	Parent
FYE Feb 2019	n/a	n/a	Parent
FYE Feb 2020	3.5	n/a	Parent
FYE Feb 2021	3.1	−11.4%	Parent
FYE Jan 2022	3.4	+9.7%	Parent
FYE Jan 2023	3.1	−8.8%	Parent
FYE Jan 2024	3.1	−0.0%	Parent
FYE Jan 2025	3.1	−0.0%	Parent
FYE Jan 2026	2.1	−32.3%	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 Jan 2026 68people

Change · 7 yrs −10 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Feb 2017	n/a	n/a	n/a
FYE Feb 2018	n/a	n/a	n/a
FYE Feb 2019	n/a	n/a	n/a
FYE Feb 2020	78	n/a	n/a
FYE Feb 2021	122	+56.4%	n/a
FYE Jan 2022	182	+49.2%	n/a
FYE Jan 2023	228	+25.3%	n/a
FYE Jan 2024	191	−16.2%	n/a
FYE Jan 2025	135	−29.3%	n/a
FYE Jan 2026	68	−49.6%	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 Jan 2026 ¥59.0m

Change · 7 yrs +¥1.3m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Feb 2017	n/a	n/a	Parent
FYE Feb 2018	n/a	n/a	Parent
FYE Feb 2019	n/a	n/a	Parent
FYE Feb 2020	57.8	moved to consolidated	Cons.
FYE Feb 2021	51.5	−10.9%	Cons.
FYE Jan 2022	61.0	+18.4%	Cons.
FYE Jan 2023	75.8	+24.4%	Cons.
FYE Jan 2024	72.9	−3.8%	Cons.
FYE Jan 2025	72.7	−0.3%	Cons.
FYE Jan 2026	59.0	−18.8%	Cons.

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

Operating profit per employee

FYE Jan 2026 ¥4.9m

Change · 7 yrs −¥0.0m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Feb 2017	n/a	n/a	Parent
FYE Feb 2018	n/a	n/a	Parent
FYE Feb 2019	n/a	n/a	Parent
FYE Feb 2020	4.9	moved to consolidated	Cons.
FYE Feb 2021	0.7	−85.2%	Cons.
FYE Jan 2022	3.3	+350.2%	Cons.
FYE Jan 2023	0.8	−74.1%	Cons.
FYE Jan 2024	3.2	+278.4%	Cons.
FYE Jan 2025	5.3	+64.7%	Cons.
FYE Jan 2026	4.9	−8.2%	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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