Financials

KI-Star Real Estate: FYE Mar 2026 and ten years of results (51 metrics)

FYE Mar 2026 · Revenue¥394bnYoY +15.0%

FYE Mar 2026 · Operating profit¥27bnYoY +56.4%

FYE Mar 2026 · Net profit¥15bnYoY +73.3%

FYE Mar 2026 · Equity ratio20.6%YoY +0.2pp

FYE Mar 2026 · Group employees2,897YoY +233

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥51bn	n/a	¥4.1bn	n/a	8.1%	¥2.9bn	Hanawa Keiji	Promoted to the TSE first section
FYE Mar 2018Consolidated	¥64bn	+25.1%	¥5.3bn	+28.2%	8.3%	¥3.4bn	Hanawa Keiji	In-house tradesmen (KI Craft) and four brokerage arms
FYE Mar 2019Consolidated	¥103bn	+60.9%	¥6.0bn	+12.3%	5.8%	¥3.5bn	Hanawa Keiji	—
FYE Mar 2020Consolidated	¥121bn	+17.1%	¥6.4bn	+8.0%	5.3%	¥3.6bn	Hanawa Keiji	Sales pass ¥100bn
FYE Mar 2021Consolidated	¥156bn	+29.0%	¥13bn	+95.5%	8.1%	¥7.6bn	Hanawa Keiji	—
FYE Mar 2022Consolidated	¥184bn	+18.4%	¥24bn	+88.3%	12.8%	¥15bn	Hanawa Keiji	Record year: recurring profit ¥23.2bn
FYE Mar 2023Consolidated	¥242bn	+31.2%	¥19bn	−18.9%	7.9%	¥12bn	Hanawa Keiji	Moves to the TSE Prime Market
FYE Mar 2024Consolidated	¥283bn	+17.0%	¥11bn	−40.8%	4.0%	¥6.7bn	Hanawa Keiji	L Housing acquired — Kansai
FYE Mar 2025Consolidated	¥343bn	+21.0%	¥17bn	+51.9%	5.0%	¥8.9bn	Hanawa Keiji	Enters banking agency business; US entity established
FYE Mar 2026Consolidated	¥394bn	+15.0%	¥27bn	+56.4%	6.9%	¥15bn	Hanawa Keiji	—

How it compares

Iida Group Holdings¥1.51tnFY2025Operating margin 6.3%Open House Group¥1.34tnFY2025Operating margin 10.9%

KI-Star Real Estate¥394bnFY2025Operating margin 6.9%

GA technologies¥249bnFY2025Operating margin 2.9%

Katitas¥152bnFY2025Operating margin 12.0%

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 ¥394bn

CAGR · 10 yrs +25.4%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	51.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	64.1	+25.1%	Cons. · Japanese GAAP
FYE Mar 2019	103	+60.9%	Cons. · Japanese GAAP
FYE Mar 2020	121	+17.1%	Cons. · Japanese GAAP
FYE Mar 2021	156	+29.0%	Cons. · Japanese GAAP
FYE Mar 2022	184	+18.4%	Cons. · Japanese GAAP
FYE Mar 2023	242	+31.2%	Cons. · Japanese GAAP
FYE Mar 2024	283	+17.0%	Cons. · Japanese GAAP
FYE Mar 2025	343	+21.0%	Cons. · Japanese GAAP
FYE Mar 2026	394	+15.0%	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 ¥338bn

CAGR · 10 yrs +26.2%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	41.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	52.5	+26.3%	Cons. · Japanese GAAP
FYE Mar 2019	88.5	+68.5%	Cons. · Japanese GAAP
FYE Mar 2020	103	+16.3%	Cons. · Japanese GAAP
FYE Mar 2021	128	+24.3%	Cons. · Japanese GAAP
FYE Mar 2022	144	+12.8%	Cons. · Japanese GAAP
FYE Mar 2023	204	+41.5%	Cons. · Japanese GAAP
FYE Mar 2024	251	+22.7%	Cons. · Japanese GAAP
FYE Mar 2025	301	+20.0%	Cons. · Japanese GAAP
FYE Mar 2026	338	+12.4%	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 ¥56bn

CAGR · 10 yrs +21.6%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.6	+19.9%	Cons. · Japanese GAAP
FYE Mar 2019	14.6	+26.3%	Cons. · Japanese GAAP
FYE Mar 2020	17.8	+21.6%	Cons. · Japanese GAAP
FYE Mar 2021	27.7	+56.2%	Cons. · Japanese GAAP
FYE Mar 2022	40.0	+44.3%	Cons. · Japanese GAAP
FYE Mar 2023	37.7	−5.9%	Cons. · Japanese GAAP
FYE Mar 2024	32.6	−13.5%	Cons. · Japanese GAAP
FYE Mar 2025	42.0	+28.9%	Cons. · Japanese GAAP
FYE Mar 2026	56.1	+33.7%	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 ¥29bn

CAGR · 10 yrs +20.3%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	5.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.3	+13.7%	Cons. · Japanese GAAP
FYE Mar 2019	8.7	+38.2%	Cons. · Japanese GAAP
FYE Mar 2020	11.3	+30.9%	Cons. · Japanese GAAP
FYE Mar 2021	15.2	+34.0%	Cons. · Japanese GAAP
FYE Mar 2022	16.4	+7.9%	Cons. · Japanese GAAP
FYE Mar 2023	18.5	+12.8%	Cons. · Japanese GAAP
FYE Mar 2024	21.2	+14.9%	Cons. · Japanese GAAP
FYE Mar 2025	24.7	+16.6%	Cons. · Japanese GAAP
FYE Mar 2026	29.1	+17.8%	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 ¥27bn

CAGR · 10 yrs +23.2%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	4.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.3	+28.2%	Cons. · Japanese GAAP
FYE Mar 2019	6.0	+12.3%	Cons. · Japanese GAAP
FYE Mar 2020	6.4	+8.0%	Cons. · Japanese GAAP
FYE Mar 2021	12.6	+95.5%	Cons. · Japanese GAAP
FYE Mar 2022	23.7	+88.3%	Cons. · Japanese GAAP
FYE Mar 2023	19.2	−18.9%	Cons. · Japanese GAAP
FYE Mar 2024	11.4	−40.8%	Cons. · Japanese GAAP
FYE Mar 2025	17.3	+51.9%	Cons. · Japanese GAAP
FYE Mar 2026	27.0	+56.4%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥3.0bn

CAGR · 10 yrs +39.3%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.3	+107.8%	Cons. · Japanese GAAP
FYE Mar 2019	0.3	+9.6%	Cons. · Japanese GAAP
FYE Mar 2020	0.6	+59.1%	Cons. · Japanese GAAP
FYE Mar 2021	1.0	+85.6%	Cons. · Japanese GAAP
FYE Mar 2022	0.9	−15.9%	Cons. · Japanese GAAP
FYE Mar 2023	1.0	+11.8%	Cons. · Japanese GAAP
FYE Mar 2024	1.3	+38.7%	Cons. · Japanese GAAP
FYE Mar 2025	1.9	+44.6%	Cons. · Japanese GAAP
FYE Mar 2026	3.0	+55.2%	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 ¥5.0bn

CAGR · 10 yrs +37.5%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.3	+15.5%	Cons. · Japanese GAAP
FYE Mar 2019	0.5	+59.3%	Cons. · Japanese GAAP
FYE Mar 2020	0.7	+25.1%	Cons. · Japanese GAAP
FYE Mar 2021	0.8	+22.1%	Cons. · Japanese GAAP
FYE Mar 2022	1.3	+63.3%	Cons. · Japanese GAAP
FYE Mar 2023	1.7	+27.9%	Cons. · Japanese GAAP
FYE Mar 2024	2.6	+52.3%	Cons. · Japanese GAAP
FYE Mar 2025	4.1	+58.3%	Cons. · Japanese GAAP
FYE Mar 2026	5.0	+23.9%	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 ¥25bn

CAGR · 10 yrs +22.6%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	4.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.3	+32.2%	Cons. · Japanese GAAP
FYE Mar 2019	5.8	+9.2%	Cons. · Japanese GAAP
FYE Mar 2020	6.3	+9.5%	Cons. · Japanese GAAP
FYE Mar 2021	12.8	+102.3%	Cons. · Japanese GAAP
FYE Mar 2022	23.2	+81.5%	Cons. · Japanese GAAP
FYE Mar 2023	18.5	−20.4%	Cons. · Japanese GAAP
FYE Mar 2024	10.1	−45.1%	Cons. · Japanese GAAP
FYE Mar 2025	15.1	+49.3%	Cons. · Japanese GAAP
FYE Mar 2026	25.0	+65.1%	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 ¥14.0m

CAGR · 10 yrs −25.6%

Fiscal year	Extraordinary income ¥ m	YoY	Basis
FYE Mar 2017	201	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.0	−95.0%	Cons. · Japanese GAAP
FYE Mar 2019	0.1	−98.7%	Cons. · Japanese GAAP
FYE Mar 2020	5.9	+4423.1%	Cons. · Japanese GAAP
FYE Mar 2021	6.8	+16.0%	Cons. · Japanese GAAP
FYE Mar 2022	74.0	+985.2%	Cons. · Japanese GAAP
FYE Mar 2023	2.7	−96.4%	Cons. · Japanese GAAP
FYE Mar 2024	521	+19268.0%	Cons. · Japanese GAAP
FYE Mar 2025	215	−58.7%	Cons. · Japanese GAAP
FYE Mar 2026	14.0	−93.5%	Cons. · Japanese GAAP

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

Extraordinary loss

FYE Mar 2026 ¥77.0m

CAGR · 10 yrs +10.8%

Fiscal year	Extraordinary loss ¥ m	YoY	Basis
FYE Mar 2017	30.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.4	−63.0%	Cons. · Japanese GAAP
FYE Mar 2019	25.3	+123.1%	Cons. · Japanese GAAP
FYE Mar 2020	424	+1573.4%	Cons. · Japanese GAAP
FYE Mar 2021	285	−32.8%	Cons. · Japanese GAAP
FYE Mar 2022	110	−61.4%	Cons. · Japanese GAAP
FYE Mar 2023	25.5	−76.8%	Cons. · Japanese GAAP
FYE Mar 2024	27.0	+5.8%	Cons. · Japanese GAAP
FYE Mar 2025	50.0	+85.2%	Cons. · Japanese GAAP
FYE Mar 2026	77.0	+54.0%	Cons. · Japanese GAAP

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

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥15bn

CAGR · 10 yrs +20.4%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	2.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.4	+17.3%	Cons. · Japanese GAAP
FYE Mar 2019	3.5	+2.0%	Cons. · Japanese GAAP
FYE Mar 2020	3.6	+3.6%	Cons. · Japanese GAAP
FYE Mar 2021	7.6	+112.5%	Cons. · Japanese GAAP
FYE Mar 2022	14.7	+93.6%	Cons. · Japanese GAAP
FYE Mar 2023	11.8	−19.7%	Cons. · Japanese GAAP
FYE Mar 2024	6.7	−43.1%	Cons. · Japanese GAAP
FYE Mar 2025	8.9	+31.4%	Cons. · Japanese GAAP
FYE Mar 2026	15.4	+73.3%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 14.2%

Average · 10 yrs 15.9%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	18.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.0	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	14.2	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2020	14.7	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	17.8	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2022	21.7	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2023	15.6	−6.1pp	Cons. · Japanese GAAP
FYE Mar 2024	11.5	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2025	12.3	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	14.2	+2.0pp	Cons. · Japanese GAAP

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

Operating margin

FYE Mar 2026 6.9%

Average · 10 yrs 7.2%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	8.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	5.8	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2020	5.3	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	8.1	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2022	12.8	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2023	7.9	−4.9pp	Cons. · Japanese GAAP
FYE Mar 2024	4.0	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2025	5.0	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	6.9	+1.8pp	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 6.3%

Average · 10 yrs 7.0%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	7.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.2	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	5.6	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2020	5.2	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	8.2	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2022	12.6	+4.4pp	Cons. · Japanese GAAP
FYE Mar 2023	7.6	−4.9pp	Cons. · Japanese GAAP
FYE Mar 2024	3.6	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2025	4.4	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	6.3	+1.9pp	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 3.9%

Average · 10 yrs 4.4%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	5.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.3	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	3.4	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	3.0	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	4.9	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2022	8.0	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2023	4.9	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2024	2.4	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2025	2.6	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	3.9	+1.3pp	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 85.8%

Average · 10 yrs 84.1%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	81.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	82.0	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	85.8	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2020	85.3	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	82.2	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2022	78.3	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2023	84.4	+6.1pp	Cons. · Japanese GAAP
FYE Mar 2024	88.5	+4.1pp	Cons. · Japanese GAAP
FYE Mar 2025	87.7	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	85.8	−2.0pp	Cons. · Japanese GAAP

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

SG&A ratio

FYE Mar 2026 7.4%

Average · 10 yrs 8.7%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	10.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.8	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	8.4	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	9.4	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	9.7	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	8.9	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	7.6	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	7.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	7.2	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	7.4	+0.2pp	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 ¥356bn

CAGR · 10 yrs +28.6%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	37.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	60.1	+62.0%	Cons. · Japanese GAAP
FYE Mar 2019	81.4	+35.6%	Cons. · Japanese GAAP
FYE Mar 2020	89.9	+10.5%	Cons. · Japanese GAAP
FYE Mar 2021	110	+22.5%	Cons. · Japanese GAAP
FYE Mar 2022	163	+48.2%	Cons. · Japanese GAAP
FYE Mar 2023	199	+22.2%	Cons. · Japanese GAAP
FYE Mar 2024	246	+23.3%	Cons. · Japanese GAAP
FYE Mar 2025	295	+19.8%	Cons. · Japanese GAAP
FYE Mar 2026	356	+20.7%	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 ¥73bn

CAGR · 10 yrs +23.0%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	11.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.3	+16.8%	Cons. · Japanese GAAP
FYE Mar 2019	15.6	+17.6%	Cons. · Japanese GAAP
FYE Mar 2020	18.0	+15.2%	Cons. · Japanese GAAP
FYE Mar 2021	24.5	+36.3%	Cons. · Japanese GAAP
FYE Mar 2022	44.0	+79.5%	Cons. · Japanese GAAP
FYE Mar 2023	51.0	+15.8%	Cons. · Japanese GAAP
FYE Mar 2024	54.4	+6.7%	Cons. · Japanese GAAP
FYE Mar 2025	60.1	+10.6%	Cons. · Japanese GAAP
FYE Mar 2026	73.3	+21.9%	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 ¥188bn

CAGR · 10 yrs +30.8%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	16.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	34.7	+107.8%	Cons. · Japanese GAAP
FYE Mar 2019	47.9	+38.0%	Cons. · Japanese GAAP
FYE Mar 2020	47.9	−0.0%	Cons. · Japanese GAAP
FYE Mar 2021	53.2	+11.1%	Cons. · Japanese GAAP
FYE Mar 2022	76.5	+43.8%	Cons. · Japanese GAAP
FYE Mar 2023	99.8	+30.4%	Cons. · Japanese GAAP
FYE Mar 2024	135	+35.1%	Cons. · Japanese GAAP
FYE Mar 2025	164	+21.4%	Cons. · Japanese GAAP
FYE Mar 2026	188	+14.7%	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 ¥117bn

CAGR · 10 yrs +26.6%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	13.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	32.6	+134.3%	Cons. · Japanese GAAP
FYE Mar 2019	41.7	+27.8%	Cons. · Japanese GAAP
FYE Mar 2020	42.1	+1.0%	Cons. · Japanese GAAP
FYE Mar 2021	43.5	+3.3%	Cons. · Japanese GAAP
FYE Mar 2022	56.9	+30.6%	Cons. · Japanese GAAP
FYE Mar 2023	79.2	+39.2%	Cons. · Japanese GAAP
FYE Mar 2024	96.6	+22.0%	Cons. · Japanese GAAP
FYE Mar 2025	98.4	+1.9%	Cons. · Japanese GAAP
FYE Mar 2026	117	+18.7%	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 ¥71bn

CAGR · 10 yrs +43.4%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	2.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.1	−25.8%	Cons. · Japanese GAAP
FYE Mar 2019	6.2	+200.9%	Cons. · Japanese GAAP
FYE Mar 2020	5.7	−7.0%	Cons. · Japanese GAAP
FYE Mar 2021	9.7	+68.9%	Cons. · Japanese GAAP
FYE Mar 2022	19.7	+102.8%	Cons. · Japanese GAAP
FYE Mar 2023	20.6	+4.8%	Cons. · Japanese GAAP
FYE Mar 2024	38.2	+85.3%	Cons. · Japanese GAAP
FYE Mar 2025	65.3	+70.9%	Cons. · Japanese GAAP
FYE Mar 2026	70.9	+8.6%	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 ¥0.3bn

CAGR · 10 yrs +0.6%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.4	+36.7%	Cons. · Japanese GAAP
FYE Mar 2019	1.4	+244.8%	Cons. · Japanese GAAP
FYE Mar 2020	1.4	+1.5%	Cons. · Japanese GAAP
FYE Mar 2021	1.8	+29.3%	Cons. · Japanese GAAP
FYE Mar 2022	1.2	−36.9%	Cons. · Japanese GAAP
FYE Mar 2023	0.9	−18.0%	Cons. · Japanese GAAP
FYE Mar 2024	0.7	−26.0%	Cons. · Japanese GAAP
FYE Mar 2025	0.5	−32.0%	Cons. · Japanese GAAP
FYE Mar 2026	0.3	−34.7%	Cons. · Japanese GAAP

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

Goodwill

FYE Mar 2026 ¥0.2bn

CAGR · 10 yrs −4.9%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.3	+35.6%	Cons. · Japanese GAAP
FYE Mar 2019	0.9	+189.3%	Cons. · Japanese GAAP
FYE Mar 2020	0.8	−9.5%	Cons. · Japanese GAAP
FYE Mar 2021	1.2	+45.6%	Cons. · Japanese GAAP
FYE Mar 2022	0.6	−48.3%	Cons. · Japanese GAAP
FYE Mar 2023	0.5	−19.7%	Cons. · Japanese GAAP
FYE Mar 2024	0.4	−22.2%	Cons. · Japanese GAAP
FYE Mar 2025	0.3	−34.7%	Cons. · Japanese GAAP
FYE Mar 2026	0.2	−41.9%	Cons. · Japanese GAAP

Definition: What an acquisition cost above the net assets it brought
Formula: Goodwill line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Mar 2026 20.6%

Average · 10 yrs 23.0%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	30.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.1	−8.6pp	Cons. · Japanese GAAP
FYE Mar 2019	19.2	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2020	20.0	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	22.3	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2022	27.0	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2023	25.6	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	22.1	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2025	20.4	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2026	20.6	+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 256.0%

Average · 10 yrs 234.3%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	146.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	261.2	+114.4pp	Cons. · Japanese GAAP
FYE Mar 2019	306.6	+45.4pp	Cons. · Japanese GAAP
FYE Mar 2020	266.0	−40.6pp	Cons. · Japanese GAAP
FYE Mar 2021	216.9	−49.1pp	Cons. · Japanese GAAP
FYE Mar 2022	173.8	−43.2pp	Cons. · Japanese GAAP
FYE Mar 2023	195.7	+21.9pp	Cons. · Japanese GAAP
FYE Mar 2024	247.7	+52.1pp	Cons. · Japanese GAAP
FYE Mar 2025	272.1	+24.3pp	Cons. · Japanese GAAP
FYE Mar 2026	256.0	−16.1pp	Cons. · Japanese GAAP

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

ROE return on equity

FYE Mar 2026 20.9%

Average · 10 yrs 22.9%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	25.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.6	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	22.2	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2020	19.9	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2021	31.0	+11.1pp	Cons. · Japanese GAAP
FYE Mar 2022	33.5	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2023	23.2	−10.3pp	Cons. · Japanese GAAP
FYE Mar 2024	12.4	−10.8pp	Cons. · Japanese GAAP
FYE Mar 2025	14.7	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2026	20.9	+6.2pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 4.3%

Average · 10 yrs 5.4%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	7.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.7	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2019	4.3	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	4.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	6.9	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2022	9.0	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2023	5.9	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2024	2.7	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2025	3.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	4.3	+1.3pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 1.11×

CAGR · 10 yrs −2.4%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.38	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.07	−22.8%	Cons. · Japanese GAAP
FYE Mar 2019	1.27	+18.7%	Cons. · Japanese GAAP
FYE Mar 2020	1.34	+6.0%	Cons. · Japanese GAAP
FYE Mar 2021	1.41	+5.4%	Cons. · Japanese GAAP
FYE Mar 2022	1.13	−20.1%	Cons. · Japanese GAAP
FYE Mar 2023	1.21	+7.4%	Cons. · Japanese GAAP
FYE Mar 2024	1.15	−5.1%	Cons. · Japanese GAAP
FYE Mar 2025	1.16	+1.0%	Cons. · Japanese GAAP
FYE Mar 2026	1.11	−4.8%	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 -¥27bn

Average · 10 yrs -¥8.5bn

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-15.8	−1506.6%	Cons. · Japanese GAAP
FYE Mar 2019	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-2.4	−439.8%	Cons. · Japanese GAAP
FYE Mar 2021	12.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-20.7	−272.4%	Cons. · Japanese GAAP
FYE Mar 2023	-16.4	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-15.3	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-0.6	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-27.5	n/a	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 -¥4.0bn

Average · 10 yrs -¥2.3bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.5	+818.2%	Cons. · Japanese GAAP
FYE Mar 2019	-0.3	−163.0%	Cons. · Japanese GAAP
FYE Mar 2020	-0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-3.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-2.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-4.9	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-7.5	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-4.0	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 ¥35bn

CAGR · 10 yrs +47.0%

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.9	+1345.3%	Cons. · Japanese GAAP
FYE Mar 2019	5.2	−67.0%	Cons. · Japanese GAAP
FYE Mar 2020	3.2	−38.3%	Cons. · Japanese GAAP
FYE Mar 2021	4.5	+38.4%	Cons. · Japanese GAAP
FYE Mar 2022	36.6	+716.0%	Cons. · Japanese GAAP
FYE Mar 2023	22.4	−38.8%	Cons. · Japanese GAAP
FYE Mar 2024	27.1	+20.9%	Cons. · Japanese GAAP
FYE Mar 2025	22.2	−17.9%	Cons. · Japanese GAAP
FYE Mar 2026	35.3	+59.0%	Cons. · Japanese GAAP

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Mar 2026 ¥71bn

CAGR · 10 yrs +28.4%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	7.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.1	+8.0%	Cons. · Japanese GAAP
FYE Mar 2019	13.7	+69.9%	Cons. · Japanese GAAP
FYE Mar 2020	13.9	+1.1%	Cons. · Japanese GAAP
FYE Mar 2021	30.0	+116.5%	Cons. · Japanese GAAP
FYE Mar 2022	42.7	+42.5%	Cons. · Japanese GAAP
FYE Mar 2023	46.3	+8.2%	Cons. · Japanese GAAP
FYE Mar 2024	53.2	+14.9%	Cons. · Japanese GAAP
FYE Mar 2025	67.2	+26.4%	Cons. · Japanese GAAP
FYE Mar 2026	71.1	+5.8%	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 Mar 2026 -¥32bn

Average · 10 yrs -¥11bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	1.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-15.3	−1400.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-3.1	−872.9%	Cons. · Japanese GAAP
FYE Mar 2021	11.7	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-23.8	−304.2%	Cons. · Japanese GAAP
FYE Mar 2023	-18.9	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-20.2	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-8.2	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-31.5	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 -7.0%

Average · 10 yrs -4.7%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-24.6	−26.8pp	Cons. · Japanese GAAP
FYE Mar 2019	0.7	+25.3pp	Cons. · Japanese GAAP
FYE Mar 2020	-2.0	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2021	7.7	+9.7pp	Cons. · Japanese GAAP
FYE Mar 2022	-11.2	−18.9pp	Cons. · Japanese GAAP
FYE Mar 2023	-6.8	+4.5pp	Cons. · Japanese GAAP
FYE Mar 2024	-5.4	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2025	-0.2	+5.2pp	Cons. · Japanese GAAP
FYE Mar 2026	-7.0	−6.8pp	Cons. · Japanese GAAP

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

Net cash

FYE Mar 2026 -¥117bn

Average · 10 yrs -¥51bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-9.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-26.6	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-34.2	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-34.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-23.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-33.8	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-53.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-81.6	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-96.4	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-117	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 ¥104bn

Change · 10 yrs +¥81bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	22.3	n/a
FYE Mar 2018	38.1	n/a
FYE Mar 2019	23.6	n/a
FYE Mar 2020	16.2	n/a
FYE Mar 2021	57.3	n/a
FYE Mar 2022	82.1	n/a
FYE Mar 2023	65.5	n/a
FYE Mar 2024	59.7	n/a
FYE Mar 2025	71.5	n/a
FYE Mar 2026	104	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 6,536¥

Change · 10 yrs +4,970¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,566	n/a
FYE Mar 2018	2,675	n/a
FYE Mar 2019	1,658	n/a
FYE Mar 2020	1,137	n/a
FYE Mar 2021	4,025	n/a
FYE Mar 2022	5,175	n/a
FYE Mar 2023	4,129	n/a
FYE Mar 2024	3,764	n/a
FYE Mar 2025	4,506	n/a
FYE Mar 2026	6,536	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 15,868,600shares

Change · 10 yrs +1,636,100 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	14,232,500	Parent
FYE Mar 2018	14,232,500	Parent
FYE Mar 2019	14,232,500	Parent
FYE Mar 2020	14,232,500	Parent
FYE Mar 2021	14,232,500	Parent
FYE Mar 2022	15,857,200	Parent
FYE Mar 2023	15,861,700	Parent
FYE Mar 2024	15,862,600	Parent
FYE Mar 2025	15,863,800	Parent
FYE Mar 2026	15,868,600	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 495.15¥

Change · 10 yrs +291.81¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	203.34	Cons.
FYE Mar 2018	238.87	Cons.
FYE Mar 2019	243.88	Cons.
FYE Mar 2020	252.60	Cons.
FYE Mar 2021	536.69	Cons.
FYE Mar 2022	488.25	Cons.
FYE Mar 2023	375.38	Cons.
FYE Mar 2024	213.87	Cons.
FYE Mar 2025	285.22	Cons.
FYE Mar 2026	495.15	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 4,621.08¥

Change · 10 yrs +3,821.77¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	799.31	Cons. · Japanese GAAP
FYE Mar 2018	933.31	Cons. · Japanese GAAP
FYE Mar 2019	1,097.49	Cons. · Japanese GAAP
FYE Mar 2020	1,264.84	Cons. · Japanese GAAP
FYE Mar 2021	1,723.65	Cons. · Japanese GAAP
FYE Mar 2022	2,777.16	Cons. · Japanese GAAP
FYE Mar 2023	3,214.59	Cons. · Japanese GAAP
FYE Mar 2024	3,429.14	Cons. · Japanese GAAP
FYE Mar 2025	3,791.21	Cons. · Japanese GAAP
FYE Mar 2026	4,621.08	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 6.60×

Average · 10 yrs 7.18×

Fiscal year	PER ×	Basis
FYE Mar 2017	7.70	Cons.
FYE Mar 2018	11.20	Cons.
FYE Mar 2019	6.80	Cons.
FYE Mar 2020	4.50	Cons.
FYE Mar 2021	7.50	Cons.
FYE Mar 2022	5.30	Cons.
FYE Mar 2023	5.50	Cons.
FYE Mar 2024	8.80	Cons.
FYE Mar 2025	7.90	Cons.
FYE Mar 2026	6.60	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 1.39×

Average · 10 yrs 1.63×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.96	Cons.
FYE Mar 2018	2.86	Cons.
FYE Mar 2019	1.51	Cons.
FYE Mar 2020	0.90	Cons.
FYE Mar 2021	2.33	Cons.
FYE Mar 2022	1.86	Cons.
FYE Mar 2023	1.28	Cons.
FYE Mar 2024	1.09	Cons.
FYE Mar 2025	1.16	Cons.
FYE Mar 2026	1.39	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 2,897people

Change · 10 yrs +2,292 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	605	n/a	Cons.
FYE Mar 2018	760	+25.6%	Cons.
FYE Mar 2019	1,006	+32.4%	Cons.
FYE Mar 2020	1,253	+24.6%	Cons.
FYE Mar 2021	1,665	+32.9%	Cons.
FYE Mar 2022	1,769	+6.2%	Cons.
FYE Mar 2023	2,067	+16.8%	Cons.
FYE Mar 2024	2,516	+21.7%	Cons.
FYE Mar 2025	2,664	+5.9%	Cons.
FYE Mar 2026	2,897	+8.7%	Cons.

Definition: Everyone employed across the group
Formula: Consolidated headcount, from the employee section of the filing
Source: Securities report (XBRL)

Parent-company employees

FYE Mar 2026 1,536people

Change · 10 yrs +1,029 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	507	n/a	Parent
FYE Mar 2018	397	−21.7%	Parent
FYE Mar 2019	451	+13.6%	Parent
FYE Mar 2020	530	+17.5%	Parent
FYE Mar 2021	695	+31.1%	Parent
FYE Mar 2022	884	+27.2%	Parent
FYE Mar 2023	1,109	+25.5%	Parent
FYE Mar 2024	1,366	+23.2%	Parent
FYE Mar 2025	1,456	+6.6%	Parent
FYE Mar 2026	1,536	+5.5%	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 510万円

Change · 8 yrs +18万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	492	n/a	Parent
FYE Mar 2020	502	+2.0%	Parent
FYE Mar 2021	511	+1.8%	Parent
FYE Mar 2022	494	−3.3%	Parent
FYE Mar 2023	456	−7.7%	Parent
FYE Mar 2024	424	−7.0%	Parent
FYE Mar 2025	518	+22.0%	Parent
FYE Mar 2026	510	−1.4%	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 32.8years

Change · 8 yrs −2.0 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	34.8	n/a	Parent
FYE Mar 2020	33.2	−4.6%	Parent
FYE Mar 2021	32.1	−3.3%	Parent
FYE Mar 2022	32.1	−0.0%	Parent
FYE Mar 2023	31.9	−0.6%	Parent
FYE Mar 2024	32.6	+2.2%	Parent
FYE Mar 2025	32.3	−0.9%	Parent
FYE Mar 2026	32.8	+1.5%	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 4.1years

Change · 8 yrs −0.3 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	4.4	n/a	Parent
FYE Mar 2020	3.9	−11.4%	Parent
FYE Mar 2021	4.7	+20.5%	Parent
FYE Mar 2022	3.1	−34.0%	Parent
FYE Mar 2023	3.9	+25.8%	Parent
FYE Mar 2024	3.8	−2.6%	Parent
FYE Mar 2025	3.9	+2.6%	Parent
FYE Mar 2026	4.1	+5.1%	Parent

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

Temporary employees

FYE Mar 2026 108people

Change · 10 yrs +45 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	63	n/a	n/a
FYE Mar 2018	109	+73.0%	n/a
FYE Mar 2019	160	+46.8%	n/a
FYE Mar 2020	199	+24.4%	n/a
FYE Mar 2021	244	+22.6%	n/a
FYE Mar 2022	214	−12.3%	n/a
FYE Mar 2023	171	−20.1%	n/a
FYE Mar 2024	211	+23.4%	n/a
FYE Mar 2025	118	−44.1%	n/a
FYE Mar 2026	108	−8.5%	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 ¥136m

Change · 10 yrs +¥51.2m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	84.7	n/a	Cons.
FYE Mar 2018	84.4	−0.4%	Cons.
FYE Mar 2019	103	+21.5%	Cons.
FYE Mar 2020	96.3	−6.0%	Cons.
FYE Mar 2021	93.5	−2.9%	Cons.
FYE Mar 2022	104	+11.4%	Cons.
FYE Mar 2023	117	+12.3%	Cons.
FYE Mar 2024	113	−3.9%	Cons.
FYE Mar 2025	129	+14.3%	Cons.
FYE Mar 2026	136	+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 ¥9.3m

Change · 10 yrs +¥2.5m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	6.8	n/a	Cons.
FYE Mar 2018	7.0	+2.1%	Cons.
FYE Mar 2019	5.9	−15.2%	Cons.
FYE Mar 2020	5.1	−13.3%	Cons.
FYE Mar 2021	7.5	+47.1%	Cons.
FYE Mar 2022	13.4	+77.3%	Cons.
FYE Mar 2023	9.3	−30.6%	Cons.
FYE Mar 2024	4.5	−51.4%	Cons.
FYE Mar 2025	6.5	+43.4%	Cons.
FYE Mar 2026	9.3	+43.9%	Cons.

Definition: What each employee accounts for in operating profit
Formula: Operating profit ÷ group employees
Source: Securities report (XBRL)

Disclaimer

Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.

Accuracy, liability, reuse and privacy — the full disclaimer →

Data API

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

/api/3465/company.json ·/api/3465/history.json ·/api/3465/ceo.json ·/api/3465/financials.json ·/api/3465/financials/segment.json ·/api/3465/financials/pl.json ·/api/3465/financials/cf.json ·/api/3465/financials/bs.json ·/api/3465/financials/employee.json ·/api/3465/financials/stock.json ·/api/3465/financials.csv ·/api/3465/financials_history.csv

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