Financials

Seiren: FYE Mar 2026 and ten years of results (51 metrics)

FYE Mar 2026 · Revenue¥172bnYoY +7.6%

FYE Mar 2026 · Operating profit¥21bnYoY +16.6%

FYE Mar 2026 · Net profit¥16bnYoY +12.3%

FYE Mar 2026 · Equity ratio72.0%YoY +0.1pp

FYE Mar 2026 · Group employees6,506YoY +278

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥108bn	n/a	¥9.6bn	n/a	8.9%	¥7.0bn	Yuikawa Koichi	—
FYE Mar 2018Consolidated	¥115bn	+6.2%	¥11bn	+11.7%	9.4%	¥6.9bn	Yuikawa Koichi	—
FYE Mar 2019Consolidated	¥123bn	+6.9%	¥11bn	−1.7%	8.6%	¥8.2bn	Yuikawa Koichi	—
FYE Mar 2020Consolidated	¥120bn	−2.0%	¥11bn	−0.8%	8.7%	¥8.6bn	Tsubota Koji	—
FYE Mar 2021Consolidated	¥99bn	−17.9%	¥8.6bn	−18.3%	8.7%	¥6.3bn	Tsubota Koji	—
FYE Mar 2022Consolidated	¥110bn	+11.2%	¥11bn	+27.1%	9.9%	¥8.6bn	Tsubota Koji	—
FYE Mar 2023Consolidated	¥132bn	+20.6%	¥13bn	+17.7%	9.7%	¥11bn	Tsubota Koji	<a class="en-history_person" href="/tse/3569/executives/ceo/yamada-hideyuki/" hreflang="ja">Yamada Hideyuki</a> becomes president; “beyond a textile company”
FYE Mar 2024Consolidated	¥142bn	+7.2%	¥14bn	+9.6%	9.9%	¥12bn	Yamada Hideyuki	—
FYE Mar 2025Consolidated	¥160bn	+12.5%	¥18bn	+27.0%	11.2%	¥14bn	Yamada Hideyuki	Support for Kawada’s board re-election falls to 85%
FYE Mar 2026Consolidated	¥172bn	+7.6%	¥21bn	+16.6%	12.1%	¥16bn	Yamada Hideyuki	<a class="en-history_person" href="/tse/3569/executives/ceo/yuikawa-koichi/" hreflang="ja">Yuikawa Koichi</a> named president; revenue ¥159.7bn, 69% automotive

How it compares

Nisshinbo Holdings¥502bnFY2025Operating margin 5.3%Toyobo¥422bnFY2025Operating margin 6.6%

Seiren¥172bnFY2025Operating margin 12.1%

Kurabo Industries¥144bnFY2025Operating margin 6.4%

GUNZE LIMITED¥131bnFY2025Operating margin 3.7%

Nikke (Japan Wool Textile)¥119bnFY2025Operating margin 10.0%Unitika¥119bnFY2025Operating margin 8.9%Nitto Boseki¥118bnFY2025Operating margin 17.6%

Maedakousen¥64bnFY2025Operating margin 18.8%

Fujibo Holdings¥46bnFY2025Operating margin 17.7%

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 ¥172bn

CAGR · 10 yrs +5.3%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	108	n/a	Cons. · Japanese GAAP
FYE Mar 2018	115	+6.2%	Cons. · Japanese GAAP
FYE Mar 2019	123	+6.9%	Cons. · Japanese GAAP
FYE Mar 2020	120	−2.0%	Cons. · Japanese GAAP
FYE Mar 2021	98.7	−17.9%	Cons. · Japanese GAAP
FYE Mar 2022	110	+11.2%	Cons. · Japanese GAAP
FYE Mar 2023	132	+20.6%	Cons. · Japanese GAAP
FYE Mar 2024	142	+7.2%	Cons. · Japanese GAAP
FYE Mar 2025	160	+12.5%	Cons. · Japanese GAAP
FYE Mar 2026	172	+7.6%	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 ¥125bn

CAGR · 10 yrs +5.1%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	79.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	83.2	+4.8%	Cons. · Japanese GAAP
FYE Mar 2019	91.3	+9.8%	Cons. · Japanese GAAP
FYE Mar 2020	88.0	−3.6%	Cons. · Japanese GAAP
FYE Mar 2021	70.8	−19.6%	Cons. · Japanese GAAP
FYE Mar 2022	77.6	+9.7%	Cons. · Japanese GAAP
FYE Mar 2023	95.6	+23.2%	Cons. · Japanese GAAP
FYE Mar 2024	104	+8.3%	Cons. · Japanese GAAP
FYE Mar 2025	116	+11.6%	Cons. · Japanese GAAP
FYE Mar 2026	125	+7.8%	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 ¥47bn

CAGR · 10 yrs +5.6%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	28.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	31.6	+9.9%	Cons. · Japanese GAAP
FYE Mar 2019	31.4	−0.6%	Cons. · Japanese GAAP
FYE Mar 2020	32.3	+2.6%	Cons. · Japanese GAAP
FYE Mar 2021	27.9	−13.5%	Cons. · Japanese GAAP
FYE Mar 2022	32.1	+15.2%	Cons. · Japanese GAAP
FYE Mar 2023	36.7	+14.4%	Cons. · Japanese GAAP
FYE Mar 2024	38.3	+4.3%	Cons. · Japanese GAAP
FYE Mar 2025	44.0	+14.9%	Cons. · Japanese GAAP
FYE Mar 2026	47.1	+7.1%	Cons. · Japanese GAAP

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

SG&A selling, general and administrative expenses

FYE Mar 2026 ¥26bn

CAGR · 10 yrs +3.6%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	19.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.8	+8.9%	Cons. · Japanese GAAP
FYE Mar 2019	20.8	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	21.7	+4.3%	Cons. · Japanese GAAP
FYE Mar 2021	19.3	−11.2%	Cons. · Japanese GAAP
FYE Mar 2022	21.2	+9.9%	Cons. · Japanese GAAP
FYE Mar 2023	23.9	+12.7%	Cons. · Japanese GAAP
FYE Mar 2024	24.2	+1.4%	Cons. · Japanese GAAP
FYE Mar 2025	26.2	+7.9%	Cons. · Japanese GAAP
FYE Mar 2026	26.3	+0.6%	Cons. · Japanese GAAP

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

Operating profit

FYE Mar 2026 ¥21bn

CAGR · 10 yrs +8.9%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.8	+11.7%	Cons. · Japanese GAAP
FYE Mar 2019	10.6	−1.7%	Cons. · Japanese GAAP
FYE Mar 2020	10.5	−0.8%	Cons. · Japanese GAAP
FYE Mar 2021	8.6	−18.3%	Cons. · Japanese GAAP
FYE Mar 2022	10.9	+27.1%	Cons. · Japanese GAAP
FYE Mar 2023	12.8	+17.7%	Cons. · Japanese GAAP
FYE Mar 2024	14.1	+9.6%	Cons. · Japanese GAAP
FYE Mar 2025	17.9	+27.0%	Cons. · Japanese GAAP
FYE Mar 2026	20.8	+16.6%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥1.6bn

CAGR · 10 yrs +9.0%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.6	−23.5%	Cons. · Japanese GAAP
FYE Mar 2019	1.1	+91.8%	Cons. · Japanese GAAP
FYE Mar 2020	0.9	−17.1%	Cons. · Japanese GAAP
FYE Mar 2021	1.4	+54.7%	Cons. · Japanese GAAP
FYE Mar 2022	1.1	−21.8%	Cons. · Japanese GAAP
FYE Mar 2023	2.6	+137.2%	Cons. · Japanese GAAP
FYE Mar 2024	2.3	−10.3%	Cons. · Japanese GAAP
FYE Mar 2025	2.3	−0.1%	Cons. · Japanese GAAP
FYE Mar 2026	1.6	−30.7%	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 Mar 2026 ¥442m

CAGR · 10 yrs +16.7%

Fiscal year	Non-operating expenses ¥ m	YoY	Basis
FYE Mar 2017	110	n/a	Cons. · Japanese GAAP
FYE Mar 2018	775	+604.5%	Cons. · Japanese GAAP
FYE Mar 2019	104	−86.6%	Cons. · Japanese GAAP
FYE Mar 2020	159	+52.9%	Cons. · Japanese GAAP
FYE Mar 2021	530	+233.3%	Cons. · Japanese GAAP
FYE Mar 2022	70.0	−86.8%	Cons. · Japanese GAAP
FYE Mar 2023	86.0	+22.9%	Cons. · Japanese GAAP
FYE Mar 2024	187	+117.4%	Cons. · Japanese GAAP
FYE Mar 2025	919	+391.4%	Cons. · Japanese GAAP
FYE Mar 2026	442	−51.9%	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 ¥22bn

CAGR · 10 yrs +8.8%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	10.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.6	+2.8%	Cons. · Japanese GAAP
FYE Mar 2019	11.6	+9.5%	Cons. · Japanese GAAP
FYE Mar 2020	11.3	−2.8%	Cons. · Japanese GAAP
FYE Mar 2021	9.5	−16.0%	Cons. · Japanese GAAP
FYE Mar 2022	11.9	+26.2%	Cons. · Japanese GAAP
FYE Mar 2023	15.3	+28.7%	Cons. · Japanese GAAP
FYE Mar 2024	16.2	+5.7%	Cons. · Japanese GAAP
FYE Mar 2025	19.3	+18.9%	Cons. · Japanese GAAP
FYE Mar 2026	22.0	+14.2%	Cons. · Japanese GAAP

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

Extraordinary income

FYE Mar 2026 ¥511m

CAGR · 10 yrs +56.6%

Fiscal year	Extraordinary income ¥ m	YoY	Basis
FYE Mar 2017	9.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.0	−22.2%	Cons. · Japanese GAAP
FYE Mar 2019	354	+4957.1%	Cons. · Japanese GAAP
FYE Mar 2020	34.0	−90.4%	Cons. · Japanese GAAP
FYE Mar 2021	10.0	−70.6%	Cons. · Japanese GAAP
FYE Mar 2022	35.0	+250.0%	Cons. · Japanese GAAP
FYE Mar 2023	15.0	−57.1%	Cons. · Japanese GAAP
FYE Mar 2024	260	+1633.3%	Cons. · Japanese GAAP
FYE Mar 2025	66.0	−74.6%	Cons. · Japanese GAAP
FYE Mar 2026	511	+674.2%	Cons. · Japanese GAAP

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

Extraordinary loss

FYE Mar 2026 n/a

CAGR · 7 yrs −23.7%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.3	+71.8%	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2020	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	1.3	+498.1%	Cons. · Japanese GAAP
FYE Mar 2022	0.3	−79.6%	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2025	0.0	−35.1%	Cons. · Japanese GAAP
FYE Mar 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 Mar 2026 ¥16bn

CAGR · 10 yrs +9.3%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.9	−1.3%	Cons. · Japanese GAAP
FYE Mar 2019	8.2	+18.7%	Cons. · Japanese GAAP
FYE Mar 2020	8.6	+4.0%	Cons. · Japanese GAAP
FYE Mar 2021	6.3	−26.9%	Cons. · Japanese GAAP
FYE Mar 2022	8.6	+36.8%	Cons. · Japanese GAAP
FYE Mar 2023	11.0	+28.9%	Cons. · Japanese GAAP
FYE Mar 2024	12.2	+10.3%	Cons. · Japanese GAAP
FYE Mar 2025	13.9	+14.2%	Cons. · Japanese GAAP
FYE Mar 2026	15.6	+12.3%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 27.4%

Average · 10 yrs 27.4%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	26.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.5	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	25.6	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	26.8	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	28.3	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2022	29.3	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	27.8	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2024	27.0	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	27.6	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	27.4	−0.1pp	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 12.1%

Average · 10 yrs 9.7%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	8.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	8.6	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	8.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	8.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	9.9	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	9.7	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	9.9	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	11.2	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2026	12.1	+0.9pp	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 12.8%

Average · 10 yrs 10.6%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	9.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.2	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	9.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	9.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	9.6	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	10.9	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2023	11.6	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	11.4	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	12.1	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	12.8	+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 Mar 2026 9.1%

Average · 10 yrs 7.5%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.0	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	6.7	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	7.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	6.3	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	7.8	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	8.3	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	8.6	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	8.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	9.1	+0.4pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Mar 2026 72.6%

Average · 10 yrs 72.6%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	73.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	72.5	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	74.4	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	73.2	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	71.7	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2022	70.7	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	72.2	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2024	73.0	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	72.4	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	72.6	+0.1pp	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 15.3%

Average · 10 yrs 17.7%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	17.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	17.0	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	18.1	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2021	19.6	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2022	19.3	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	18.1	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2024	17.1	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2025	16.4	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	15.3	−1.1pp	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 ¥224bn

CAGR · 10 yrs +7.9%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	113	n/a	Cons. · Japanese GAAP
FYE Mar 2018	122	+8.6%	Cons. · Japanese GAAP
FYE Mar 2019	127	+3.7%	Cons. · Japanese GAAP
FYE Mar 2020	126	−0.2%	Cons. · Japanese GAAP
FYE Mar 2021	145	+14.4%	Cons. · Japanese GAAP
FYE Mar 2022	155	+7.5%	Cons. · Japanese GAAP
FYE Mar 2023	168	+7.9%	Cons. · Japanese GAAP
FYE Mar 2024	187	+11.7%	Cons. · Japanese GAAP
FYE Mar 2025	199	+6.3%	Cons. · Japanese GAAP
FYE Mar 2026	224	+12.4%	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 ¥161bn

CAGR · 10 yrs +9.6%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	71.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	77.4	+9.1%	Cons. · Japanese GAAP
FYE Mar 2019	74.7	−3.5%	Cons. · Japanese GAAP
FYE Mar 2020	79.0	+5.8%	Cons. · Japanese GAAP
FYE Mar 2021	80.2	+1.6%	Cons. · Japanese GAAP
FYE Mar 2022	91.2	+13.7%	Cons. · Japanese GAAP
FYE Mar 2023	105	+15.2%	Cons. · Japanese GAAP
FYE Mar 2024	124	+18.1%	Cons. · Japanese GAAP
FYE Mar 2025	143	+15.5%	Cons. · Japanese GAAP
FYE Mar 2026	161	+12.5%	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 ¥9.2bn

CAGR · 10 yrs −2.1%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	11.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.7	+5.0%	Cons. · Japanese GAAP
FYE Mar 2019	17.3	+48.6%	Cons. · Japanese GAAP
FYE Mar 2020	16.9	−2.5%	Cons. · Japanese GAAP
FYE Mar 2021	18.9	+12.0%	Cons. · Japanese GAAP
FYE Mar 2022	14.4	−23.8%	Cons. · Japanese GAAP
FYE Mar 2023	10.6	−26.3%	Cons. · Japanese GAAP
FYE Mar 2024	8.6	−19.3%	Cons. · Japanese GAAP
FYE Mar 2025	10.3	+20.4%	Cons. · Japanese GAAP
FYE Mar 2026	9.2	−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 ¥1.3bn

CAGR · 10 yrs −8.3%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	2.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.6	+25.0%	Cons. · Japanese GAAP
FYE Mar 2019	3.3	−10.7%	Cons. · Japanese GAAP
FYE Mar 2020	3.0	−8.5%	Cons. · Japanese GAAP
FYE Mar 2021	4.5	+51.7%	Cons. · Japanese GAAP
FYE Mar 2022	3.8	−15.7%	Cons. · Japanese GAAP
FYE Mar 2023	2.1	−45.9%	Cons. · Japanese GAAP
FYE Mar 2024	2.1	−0.0%	Cons. · Japanese GAAP
FYE Mar 2025	4.8	+133.7%	Cons. · Japanese GAAP
FYE Mar 2026	1.3	−72.1%	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 ¥7.9bn

CAGR · 10 yrs −0.4%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	8.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.0	−2.2%	Cons. · Japanese GAAP
FYE Mar 2019	14.1	+75.6%	Cons. · Japanese GAAP
FYE Mar 2020	13.9	−1.1%	Cons. · Japanese GAAP
FYE Mar 2021	14.4	+3.5%	Cons. · Japanese GAAP
FYE Mar 2022	10.6	−26.4%	Cons. · Japanese GAAP
FYE Mar 2023	8.6	−19.3%	Cons. · Japanese GAAP
FYE Mar 2024	6.5	−23.9%	Cons. · Japanese GAAP
FYE Mar 2025	5.5	−15.4%	Cons. · Japanese GAAP
FYE Mar 2026	7.9	+42.7%	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 ¥3.1bn

CAGR · 10 yrs +2.1%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	2.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.8	+7.6%	Cons. · Japanese GAAP
FYE Mar 2019	4.4	+56.6%	Cons. · Japanese GAAP
FYE Mar 2020	4.0	−7.8%	Cons. · Japanese GAAP
FYE Mar 2021	3.7	−9.2%	Cons. · Japanese GAAP
FYE Mar 2022	3.9	+7.4%	Cons. · Japanese GAAP
FYE Mar 2023	3.1	−21.3%	Cons. · Japanese GAAP
FYE Mar 2024	3.5	+12.7%	Cons. · Japanese GAAP
FYE Mar 2025	3.4	−2.3%	Cons. · Japanese GAAP
FYE Mar 2026	3.1	−8.2%	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 · 9 yrs +72.8%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	1.3	+64200.0%	Cons. · Japanese GAAP
FYE Mar 2020	1.1	−12.4%	Cons. · Japanese GAAP
FYE Mar 2021	1.0	−14.4%	Cons. · Japanese GAAP
FYE Mar 2022	0.8	−16.9%	Cons. · Japanese GAAP
FYE Mar 2023	0.6	−20.3%	Cons. · Japanese GAAP
FYE Mar 2024	0.5	−25.2%	Cons. · Japanese GAAP
FYE Mar 2025	0.3	−33.3%	Cons. · Japanese GAAP
FYE Mar 2026	0.2	−50.0%	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 72.0%

Average · 10 yrs 63.5%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	63.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	63.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	58.9	−4.4pp	Cons. · Japanese GAAP
FYE Mar 2020	62.5	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2021	55.5	−7.0pp	Cons. · Japanese GAAP
FYE Mar 2022	58.7	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2023	62.6	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2024	66.2	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2025	72.0	+5.7pp	Cons. · Japanese GAAP
FYE Mar 2026	72.0	+0.1pp	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 5.7%

Average · 10 yrs 14.5%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	15.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.1	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	23.2	+8.1pp	Cons. · Japanese GAAP
FYE Mar 2020	21.4	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	23.6	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2022	15.8	−7.8pp	Cons. · Japanese GAAP
FYE Mar 2023	10.1	−5.7pp	Cons. · Japanese GAAP
FYE Mar 2024	6.9	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2025	7.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	5.7	−1.5pp	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 9.7%

Average · 10 yrs 9.8%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	9.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.0	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	11.0	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	10.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	7.8	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2022	9.4	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	10.5	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	9.8	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	9.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	9.7	−0.0pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 7.0%

Average · 10 yrs 6.2%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	6.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.7	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	6.5	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	6.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	4.3	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2022	5.5	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	6.6	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	6.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	7.0	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	7.0	−0.0pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.77×

CAGR · 10 yrs −2.5%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.96	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.94	−2.2%	Cons. · Japanese GAAP
FYE Mar 2019	0.97	+3.1%	Cons. · Japanese GAAP
FYE Mar 2020	0.95	−1.8%	Cons. · Japanese GAAP
FYE Mar 2021	0.68	−28.3%	Cons. · Japanese GAAP
FYE Mar 2022	0.71	+3.5%	Cons. · Japanese GAAP
FYE Mar 2023	0.79	+11.7%	Cons. · Japanese GAAP
FYE Mar 2024	0.76	−4.0%	Cons. · Japanese GAAP
FYE Mar 2025	0.80	+5.9%	Cons. · Japanese GAAP
FYE Mar 2026	0.77	−4.3%	Cons. · Japanese GAAP

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

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

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Mar 2026 ¥18bn

CAGR · 10 yrs +4.5%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	11.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.0	−8.0%	Cons. · Japanese GAAP
FYE Mar 2019	8.6	−21.6%	Cons. · Japanese GAAP
FYE Mar 2020	15.4	+78.4%	Cons. · Japanese GAAP
FYE Mar 2021	13.0	−15.6%	Cons. · Japanese GAAP
FYE Mar 2022	9.7	−25.1%	Cons. · Japanese GAAP
FYE Mar 2023	12.9	+33.3%	Cons. · Japanese GAAP
FYE Mar 2024	13.5	+4.2%	Cons. · Japanese GAAP
FYE Mar 2025	20.5	+52.3%	Cons. · Japanese GAAP
FYE Mar 2026	17.8	−13.5%	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 -¥19bn

Average · 10 yrs -¥8.1bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-2.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-8.6	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-5.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-1.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-8.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-5.3	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-11.8	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-19.5	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 -¥5.7bn

Average · 10 yrs -¥3.6bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-5.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-1.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-3.5	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-3.8	n/a	Cons. · Japanese GAAP
FYE Mar 2021	12.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-6.6	−153.8%	Cons. · Japanese GAAP
FYE Mar 2023	-7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-7.8	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-5.7	n/a	Cons. · Japanese GAAP

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

Cash and equivalents

FYE Mar 2026 ¥34bn

CAGR · 10 yrs +12.1%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	12.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.2	+8.4%	Cons. · Japanese GAAP
FYE Mar 2019	12.2	−7.8%	Cons. · Japanese GAAP
FYE Mar 2020	16.7	+37.4%	Cons. · Japanese GAAP
FYE Mar 2021	39.5	+135.9%	Cons. · Japanese GAAP
FYE Mar 2022	35.5	−10.2%	Cons. · Japanese GAAP
FYE Mar 2023	34.1	−3.7%	Cons. · Japanese GAAP
FYE Mar 2024	37.5	+10.0%	Cons. · Japanese GAAP
FYE Mar 2025	40.3	+7.4%	Cons. · Japanese GAAP
FYE Mar 2026	34.2	−15.2%	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 -¥1.7bn

Average · 10 yrs ¥5.4bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	9.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.4	−74.4%	Cons. · Japanese GAAP
FYE Mar 2019	3.0	+27.9%	Cons. · Japanese GAAP
FYE Mar 2020	8.3	+174.4%	Cons. · Japanese GAAP
FYE Mar 2021	11.1	+32.8%	Cons. · Japanese GAAP
FYE Mar 2022	1.1	−90.4%	Cons. · Japanese GAAP
FYE Mar 2023	3.3	+214.1%	Cons. · Japanese GAAP
FYE Mar 2024	8.2	+146.6%	Cons. · Japanese GAAP
FYE Mar 2025	8.7	+6.3%	Cons. · Japanese GAAP
FYE Mar 2026	-1.7	−119.3%	Cons. · Japanese GAAP

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

Operating cash flow margin

FYE Mar 2026 10.3%

Average · 10 yrs 10.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	11.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.6	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	7.0	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2020	12.8	+5.8pp	Cons. · Japanese GAAP
FYE Mar 2021	13.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	8.8	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2023	9.8	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	9.5	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	12.9	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2026	10.3	−2.5pp	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 ¥25bn

CAGR · 10 yrs +41.6%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.6	+42.8%	Cons. · Japanese GAAP
FYE Mar 2019	-5.1	−430.4%	Cons. · Japanese GAAP
FYE Mar 2020	-0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	20.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	21.0	+2.2%	Cons. · Japanese GAAP
FYE Mar 2023	23.5	+11.8%	Cons. · Japanese GAAP
FYE Mar 2024	29.0	+23.2%	Cons. · Japanese GAAP
FYE Mar 2025	30.0	+3.5%	Cons. · Japanese GAAP
FYE Mar 2026	25.0	−16.7%	Cons. · Japanese GAAP

Definition: Cash on hand once the borrowings are paid off
Formula: Cash and equivalents − interest-bearing debt
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Mar 2026 ¥199bn

Change · 10 yrs +¥92bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	107	n/a
FYE Mar 2018	128	n/a
FYE Mar 2019	106	n/a
FYE Mar 2020	84.0	n/a
FYE Mar 2021	126	n/a
FYE Mar 2022	144	n/a
FYE Mar 2023	151	n/a
FYE Mar 2024	178	n/a
FYE Mar 2025	158	n/a
FYE Mar 2026	199	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 3,085¥

Change · 10 yrs +1,424¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,661	n/a
FYE Mar 2018	1,987	n/a
FYE Mar 2019	1,635	n/a
FYE Mar 2020	1,300	n/a
FYE Mar 2021	1,946	n/a
FYE Mar 2022	2,224	n/a
FYE Mar 2023	2,332	n/a
FYE Mar 2024	2,759	n/a
FYE Mar 2025	2,450	n/a
FYE Mar 2026	3,085	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 64,633,646shares

Change · 10 yrs −0 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	64,633,646	Parent
FYE Mar 2018	64,633,646	Parent
FYE Mar 2019	64,633,646	Parent
FYE Mar 2020	64,633,646	Parent
FYE Mar 2021	64,633,646	Parent
FYE Mar 2022	64,633,646	Parent
FYE Mar 2023	64,633,646	Parent
FYE Mar 2024	64,633,646	Parent
FYE Mar 2025	64,633,646	Parent
FYE Mar 2026	64,633,646	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 265.48¥

Change · 10 yrs +147.91¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	117.57	Cons.
FYE Mar 2018	115.98	Cons.
FYE Mar 2019	138.64	Cons.
FYE Mar 2020	153.63	Cons.
FYE Mar 2021	113.80	Cons.
FYE Mar 2022	159.43	Cons.
FYE Mar 2023	205.43	Cons.
FYE Mar 2024	226.53	Cons.
FYE Mar 2025	242.29	Cons.
FYE Mar 2026	265.48	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 2,495.33¥

Change · 10 yrs +1,397.40¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,097.93	Cons. · Japanese GAAP
FYE Mar 2018	1,197.38	Cons. · Japanese GAAP
FYE Mar 2019	1,155.25	Cons. · Japanese GAAP
FYE Mar 2020	1,222.24	Cons. · Japanese GAAP
FYE Mar 2021	1,241.49	Cons. · Japanese GAAP
FYE Mar 2022	1,411.57	Cons. · Japanese GAAP
FYE Mar 2023	1,625.72	Cons. · Japanese GAAP
FYE Mar 2024	1,920.75	Cons. · Japanese GAAP
FYE Mar 2025	2,218.21	Cons. · Japanese GAAP
FYE Mar 2026	2,495.33	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 11.62×

Average · 10 yrs 12.78×

Fiscal year	PER ×	Basis
FYE Mar 2017	14.13	Cons.
FYE Mar 2018	17.13	Cons.
FYE Mar 2019	11.79	Cons.
FYE Mar 2020	8.46	Cons.
FYE Mar 2021	17.10	Cons.
FYE Mar 2022	13.95	Cons.
FYE Mar 2023	11.35	Cons.
FYE Mar 2024	12.18	Cons.
FYE Mar 2025	10.11	Cons.
FYE Mar 2026	11.62	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 1.13×

Average · 10 yrs 1.23×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.40	Cons.
FYE Mar 2018	1.54	Cons.
FYE Mar 2019	1.24	Cons.
FYE Mar 2020	0.92	Cons.
FYE Mar 2021	1.31	Cons.
FYE Mar 2022	1.32	Cons.
FYE Mar 2023	1.20	Cons.
FYE Mar 2024	1.23	Cons.
FYE Mar 2025	1.00	Cons.
FYE Mar 2026	1.13	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 6,506people

Change · 10 yrs +1,358 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	5,148	n/a	Cons.
FYE Mar 2018	5,445	+5.8%	Cons.
FYE Mar 2019	5,970	+9.6%	Cons.
FYE Mar 2020	5,786	−3.1%	Cons.
FYE Mar 2021	5,590	−3.4%	Cons.
FYE Mar 2022	6,341	+13.4%	Cons.
FYE Mar 2023	6,200	−2.2%	Cons.
FYE Mar 2024	6,108	−1.5%	Cons.
FYE Mar 2025	6,228	+2.0%	Cons.
FYE Mar 2026	6,506	+4.5%	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 1,320people

Change · 10 yrs −98 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	1,418	n/a	Parent
FYE Mar 2018	1,451	+2.3%	Parent
FYE Mar 2019	1,476	+1.7%	Parent
FYE Mar 2020	1,494	+1.2%	Parent
FYE Mar 2021	1,518	+1.6%	Parent
FYE Mar 2022	1,464	−3.6%	Parent
FYE Mar 2023	1,447	−1.2%	Parent
FYE Mar 2024	1,333	−7.9%	Parent
FYE Mar 2025	1,317	−1.2%	Parent
FYE Mar 2026	1,320	+0.2%	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 714万円

Change · 8 yrs +125万円

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	589	n/a	Parent
FYE Mar 2020	606	+2.8%	Parent
FYE Mar 2021	564	−6.9%	Parent
FYE Mar 2022	624	+10.6%	Parent
FYE Mar 2023	635	+1.8%	Parent
FYE Mar 2024	662	+4.2%	Parent
FYE Mar 2025	689	+4.1%	Parent
FYE Mar 2026	714	+3.7%	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 43.9years

Change · 8 yrs +2.2 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	41.7	n/a	Parent
FYE Mar 2020	41.8	+0.2%	Parent
FYE Mar 2021	42.2	+1.1%	Parent
FYE Mar 2022	42.8	+1.4%	Parent
FYE Mar 2023	43.4	+1.4%	Parent
FYE Mar 2024	43.8	+0.9%	Parent
FYE Mar 2025	43.8	−0.0%	Parent
FYE Mar 2026	43.9	+0.1%	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 19.7years

Change · 8 yrs +2.2 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	17.6	n/a	Parent
FYE Mar 2020	17.6	−0.0%	Parent
FYE Mar 2021	18.1	+3.1%	Parent
FYE Mar 2022	18.7	+3.3%	Parent
FYE Mar 2023	19.2	+2.7%	Parent
FYE Mar 2024	19.6	+2.1%	Parent
FYE Mar 2025	19.6	+0.1%	Parent
FYE Mar 2026	19.7	+0.5%	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)

Temporary employees

FYE Mar 2026 785people

Change · 10 yrs −44 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	829	n/a	n/a
FYE Mar 2018	819	−1.2%	n/a
FYE Mar 2019	768	−6.2%	n/a
FYE Mar 2020	746	−2.9%	n/a
FYE Mar 2021	531	−28.8%	n/a
FYE Mar 2022	612	+15.3%	n/a
FYE Mar 2023	606	−1.0%	n/a
FYE Mar 2024	610	+0.7%	n/a
FYE Mar 2025	670	+9.8%	n/a
FYE Mar 2026	785	+17.2%	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 ¥26.4m

Change · 10 yrs +¥5.4m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	21.0	n/a	Cons.
FYE Mar 2018	21.1	+0.4%	Cons.
FYE Mar 2019	20.6	−2.5%	Cons.
FYE Mar 2020	20.8	+1.1%	Cons.
FYE Mar 2021	17.7	−15.1%	Cons.
FYE Mar 2022	17.3	−1.9%	Cons.
FYE Mar 2023	21.3	+23.3%	Cons.
FYE Mar 2024	23.2	+8.8%	Cons.
FYE Mar 2025	25.6	+10.3%	Cons.
FYE Mar 2026	26.4	+3.0%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥3.2m

Change · 10 yrs +¥1.3m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	1.9	n/a	Cons.
FYE Mar 2018	2.0	+5.6%	Cons.
FYE Mar 2019	1.8	−10.4%	Cons.
FYE Mar 2020	1.8	+2.4%	Cons.
FYE Mar 2021	1.5	−15.4%	Cons.
FYE Mar 2022	1.7	+12.0%	Cons.
FYE Mar 2023	2.1	+20.4%	Cons.
FYE Mar 2024	2.3	+11.3%	Cons.
FYE Mar 2025	2.9	+24.5%	Cons.
FYE Mar 2026	3.2	+11.6%	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

Seiren’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/3569/company.json ·/api/3569/history.json ·/api/3569/ceo.json ·/api/3569/financials.json ·/api/3569/financials/segment.json ·/api/3569/financials/pl.json ·/api/3569/financials/cf.json ·/api/3569/financials/bs.json ·/api/3569/financials/employee.json ·/api/3569/financials/stock.json ·/api/3569/financials.csv ·/api/3569/financials_history.csv

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