Financials

Koei Tecmo Holdings: FYE Mar 2026 and ten years of results (47 metrics)

FYE Mar 2026 · Revenue¥88bnYoY +6.3%

FYE Mar 2026 · Operating profit¥37bnYoY +15.7%

FYE Mar 2026 · Net profit¥43bnYoY +13.8%

FYE Mar 2026 · Equity ratio86.9%YoY −3.4pp

FYE Mar 2026 · Group employees2,835YoY +151

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥37bn	n/a	¥8.8bn	n/a	23.7%	¥12bn	Erikawa Yoichi	—
FYE Mar 2018Consolidated	¥39bn	+5.1%	¥12bn	+33.4%	30.1%	¥13bn	Erikawa Yoichi	<em>Nioh</em> passes one million units sold worldwide
FYE Mar 2019Consolidated	¥39bn	+0.1%	¥12bn	+3.3%	31.0%	¥14bn	Erikawa Yoichi	—
FYE Mar 2020Consolidated	¥43bn	+9.4%	¥14bn	+16.6%	33.1%	¥15bn	Erikawa Yoichi	<em>Atelier Ryza</em> released; the series later passes five million units
FYE Mar 2021Consolidated	¥60bn	+41.6%	¥24bn	+73.0%	40.4%	¥30bn	Erikawa Yoichi	<em>Nioh 2</em> released
FYE Mar 2022Consolidated	¥73bn	+20.5%	¥35bn	+41.5%	47.5%	¥35bn	Erikawa Yoichi	Revenue rises 41 per cent in the year ended March 2021
FYE Mar 2023Consolidated	¥78bn	+7.8%	¥39bn	+13.3%	49.9%	¥31bn	Erikawa Yoichi	—
FYE Mar 2024Consolidated	¥85bn	+7.9%	¥28bn	−27.2%	33.7%	¥34bn	Erikawa Yoichi	A second consecutive record year: revenue ¥78.4bn, operating profit ¥39.1bn
FYE Mar 2025Consolidated	¥83bn	−1.7%	¥32bn	+12.7%	38.6%	¥38bn	Erikawa Yoichi	<em>Rise of the Ronin</em> released
FYE Mar 2026Consolidated	¥88bn	+6.3%	¥37bn	+15.7%	42.0%	¥43bn	Erikawa Yoichi	Koei Tecmo Corporate Finance established as a subsidiary

How it compares

Nexon¥475bnFY2025Operating margin 26.1%Square Enix Holdings¥298bnFY2025Operating margin 18.4%Capcom¥195bnFY2025Operating margin 38.5%MIXI¥171bnFY2025Operating margin 13.0%DeNA¥148bnFY2025Operating margin 12.7%GungHo Online Entertainment¥93bnFY2025Operating margin 5.4%

Koei Tecmo Holdings¥88bnFY2025Operating margin 42.0%

GREE Holdings, Inc.¥57bnFY2025Operating margin 8.5%

Koropura¥26bnFY2025Operating margin 3.9%

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 ¥88bn

CAGR · 10 yrs +10.1%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	37.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	38.9	+5.1%	Cons. · Japanese GAAP
FYE Mar 2019	39.0	+0.1%	Cons. · Japanese GAAP
FYE Mar 2020	42.6	+9.4%	Cons. · Japanese GAAP
FYE Mar 2021	60.4	+41.6%	Cons. · Japanese GAAP
FYE Mar 2022	72.8	+20.5%	Cons. · Japanese GAAP
FYE Mar 2023	78.4	+7.8%	Cons. · Japanese GAAP
FYE Mar 2024	84.6	+7.9%	Cons. · Japanese GAAP
FYE Mar 2025	83.2	−1.7%	Cons. · Japanese GAAP
FYE Mar 2026	88.4	+6.3%	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 ¥31bn

CAGR · 10 yrs +5.2%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	19.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.6	−1.3%	Cons. · Japanese GAAP
FYE Mar 2019	19.1	−2.6%	Cons. · Japanese GAAP
FYE Mar 2020	20.1	+5.4%	Cons. · Japanese GAAP
FYE Mar 2021	21.3	+6.0%	Cons. · Japanese GAAP
FYE Mar 2022	22.2	+4.0%	Cons. · Japanese GAAP
FYE Mar 2023	21.3	−3.8%	Cons. · Japanese GAAP
FYE Mar 2024	29.3	+37.4%	Cons. · Japanese GAAP
FYE Mar 2025	30.8	+5.0%	Cons. · Japanese GAAP
FYE Mar 2026	31.3	+1.9%	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 ¥57bn

CAGR · 10 yrs +14.2%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	17.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.4	+12.5%	Cons. · Japanese GAAP
FYE Mar 2019	19.9	+2.9%	Cons. · Japanese GAAP
FYE Mar 2020	22.6	+13.3%	Cons. · Japanese GAAP
FYE Mar 2021	39.1	+73.2%	Cons. · Japanese GAAP
FYE Mar 2022	50.6	+29.5%	Cons. · Japanese GAAP
FYE Mar 2023	57.1	+12.8%	Cons. · Japanese GAAP
FYE Mar 2024	55.3	−3.2%	Cons. · Japanese GAAP
FYE Mar 2025	52.4	−5.3%	Cons. · Japanese GAAP
FYE Mar 2026	57.1	+8.9%	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 Mar 2026 ¥20bn

CAGR · 10 yrs +10.0%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	8.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.6	−9.3%	Cons. · Japanese GAAP
FYE Mar 2019	7.8	+2.3%	Cons. · Japanese GAAP
FYE Mar 2020	8.5	+8.1%	Cons. · Japanese GAAP
FYE Mar 2021	14.7	+73.6%	Cons. · Japanese GAAP
FYE Mar 2022	16.1	+9.6%	Cons. · Japanese GAAP
FYE Mar 2023	18.0	+11.8%	Cons. · Japanese GAAP
FYE Mar 2024	26.8	+49.2%	Cons. · Japanese GAAP
FYE Mar 2025	20.3	−24.4%	Cons. · Japanese GAAP
FYE Mar 2026	19.9	−1.9%	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 ¥37bn

CAGR · 10 yrs +17.4%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	8.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.7	+33.4%	Cons. · Japanese GAAP
FYE Mar 2019	12.1	+3.3%	Cons. · Japanese GAAP
FYE Mar 2020	14.1	+16.6%	Cons. · Japanese GAAP
FYE Mar 2021	24.4	+73.0%	Cons. · Japanese GAAP
FYE Mar 2022	34.5	+41.5%	Cons. · Japanese GAAP
FYE Mar 2023	39.1	+13.3%	Cons. · Japanese GAAP
FYE Mar 2024	28.5	−27.2%	Cons. · Japanese GAAP
FYE Mar 2025	32.1	+12.7%	Cons. · Japanese GAAP
FYE Mar 2026	37.2	+15.7%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥40bn

CAGR · 10 yrs +20.4%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	7.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.2	+9.3%	Cons. · Japanese GAAP
FYE Mar 2019	8.5	+3.3%	Cons. · Japanese GAAP
FYE Mar 2020	10.4	+23.2%	Cons. · Japanese GAAP
FYE Mar 2021	19.4	+86.3%	Cons. · Japanese GAAP
FYE Mar 2022	34.0	+75.0%	Cons. · Japanese GAAP
FYE Mar 2023	22.3	−34.3%	Cons. · Japanese GAAP
FYE Mar 2024	35.7	+60.1%	Cons. · Japanese GAAP
FYE Mar 2025	26.4	−26.0%	Cons. · Japanese GAAP
FYE Mar 2026	39.9	+51.0%	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 ¥20bn

CAGR · 10 yrs +38.7%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.6	+51.3%	Cons. · Japanese GAAP
FYE Mar 2019	2.2	+39.5%	Cons. · Japanese GAAP
FYE Mar 2020	5.6	+152.7%	Cons. · Japanese GAAP
FYE Mar 2021	4.5	−20.3%	Cons. · Japanese GAAP
FYE Mar 2022	19.8	+339.4%	Cons. · Japanese GAAP
FYE Mar 2023	21.5	+8.9%	Cons. · Japanese GAAP
FYE Mar 2024	18.5	−14.2%	Cons. · Japanese GAAP
FYE Mar 2025	8.6	−53.6%	Cons. · Japanese GAAP
FYE Mar 2026	20.1	+134.5%	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 ¥57bn

CAGR · 10 yrs +15.8%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	15.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.3	+20.3%	Cons. · Japanese GAAP
FYE Mar 2019	18.3	+0.1%	Cons. · Japanese GAAP
FYE Mar 2020	18.9	+3.1%	Cons. · Japanese GAAP
FYE Mar 2021	39.3	+108.3%	Cons. · Japanese GAAP
FYE Mar 2022	48.7	+23.9%	Cons. · Japanese GAAP
FYE Mar 2023	39.9	−18.1%	Cons. · Japanese GAAP
FYE Mar 2024	45.7	+14.6%	Cons. · Japanese GAAP
FYE Mar 2025	50.0	+9.3%	Cons. · Japanese GAAP
FYE Mar 2026	57.0	+14.0%	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 n/a

CAGR · 3 yrs −79.9%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2020	1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	2.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	0.1	−97.9%	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 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)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥43bn

CAGR · 10 yrs +15.6%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	11.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.0	+12.0%	Cons. · Japanese GAAP
FYE Mar 2019	13.7	+5.2%	Cons. · Japanese GAAP
FYE Mar 2020	15.3	+11.8%	Cons. · Japanese GAAP
FYE Mar 2021	29.6	+93.1%	Cons. · Japanese GAAP
FYE Mar 2022	35.4	+19.7%	Cons. · Japanese GAAP
FYE Mar 2023	30.9	−12.5%	Cons. · Japanese GAAP
FYE Mar 2024	33.8	+9.2%	Cons. · Japanese GAAP
FYE Mar 2025	37.6	+11.4%	Cons. · Japanese GAAP
FYE Mar 2026	42.8	+13.8%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 64.6%

Average · 10 yrs 60.0%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	46.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	49.7	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2019	51.1	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	52.9	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	64.7	+11.8pp	Cons. · Japanese GAAP
FYE Mar 2022	69.5	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2023	72.8	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2024	65.4	−7.4pp	Cons. · Japanese GAAP
FYE Mar 2025	63.0	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2026	64.6	+1.5pp	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 42.0%

Average · 10 yrs 37.0%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	23.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.1	+6.4pp	Cons. · Japanese GAAP
FYE Mar 2019	31.0	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	33.1	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2021	40.4	+7.3pp	Cons. · Japanese GAAP
FYE Mar 2022	47.5	+7.0pp	Cons. · Japanese GAAP
FYE Mar 2023	49.9	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2024	33.7	−16.2pp	Cons. · Japanese GAAP
FYE Mar 2025	38.6	+4.9pp	Cons. · Japanese GAAP
FYE Mar 2026	42.0	+3.4pp	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 64.5%

Average · 10 yrs 54.1%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	41.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	47.0	+5.9pp	Cons. · Japanese GAAP
FYE Mar 2019	47.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	44.2	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2021	65.1	+20.9pp	Cons. · Japanese GAAP
FYE Mar 2022	66.9	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2023	50.9	−16.0pp	Cons. · Japanese GAAP
FYE Mar 2024	54.1	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2025	60.1	+6.0pp	Cons. · Japanese GAAP
FYE Mar 2026	64.5	+4.4pp	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 48.5%

Average · 10 yrs 40.7%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	31.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.4	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2019	35.1	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	35.9	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	48.9	+13.1pp	Cons. · Japanese GAAP
FYE Mar 2022	48.6	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	39.4	−9.1pp	Cons. · Japanese GAAP
FYE Mar 2024	40.0	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	45.3	+5.3pp	Cons. · Japanese GAAP
FYE Mar 2026	48.5	+3.2pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Mar 2026 35.4%

Average · 10 yrs 40.0%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	53.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	50.3	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2019	48.9	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	47.1	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	35.3	−11.8pp	Cons. · Japanese GAAP
FYE Mar 2022	30.5	−4.8pp	Cons. · Japanese GAAP
FYE Mar 2023	27.2	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2024	34.6	+7.4pp	Cons. · Japanese GAAP
FYE Mar 2025	37.0	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2026	35.4	−1.5pp	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 22.5%

Average · 10 yrs 23.0%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	22.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.7	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2019	20.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	19.8	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	24.3	+4.5pp	Cons. · Japanese GAAP
FYE Mar 2022	22.1	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2023	22.9	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	31.7	+8.8pp	Cons. · Japanese GAAP
FYE Mar 2025	24.4	−7.3pp	Cons. · Japanese GAAP
FYE Mar 2026	22.5	−1.9pp	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 ¥314bn

CAGR · 10 yrs +11.3%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	119	n/a	Cons. · Japanese GAAP
FYE Mar 2018	129	+7.6%	Cons. · Japanese GAAP
FYE Mar 2019	129	+0.5%	Cons. · Japanese GAAP
FYE Mar 2020	148	+14.4%	Cons. · Japanese GAAP
FYE Mar 2021	191	+29.0%	Cons. · Japanese GAAP
FYE Mar 2022	220	+15.3%	Cons. · Japanese GAAP
FYE Mar 2023	211	−4.1%	Cons. · Japanese GAAP
FYE Mar 2024	246	+16.6%	Cons. · Japanese GAAP
FYE Mar 2025	210	−14.6%	Cons. · Japanese GAAP
FYE Mar 2026	314	+49.5%	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 ¥273bn

CAGR · 10 yrs +11.0%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	107	n/a	Cons. · Japanese GAAP
FYE Mar 2018	116	+9.1%	Cons. · Japanese GAAP
FYE Mar 2019	119	+2.6%	Cons. · Japanese GAAP
FYE Mar 2020	122	+2.6%	Cons. · Japanese GAAP
FYE Mar 2021	165	+35.0%	Cons. · Japanese GAAP
FYE Mar 2022	138	−16.4%	Cons. · Japanese GAAP
FYE Mar 2023	143	+3.3%	Cons. · Japanese GAAP
FYE Mar 2024	176	+23.0%	Cons. · Japanese GAAP
FYE Mar 2025	189	+7.9%	Cons. · Japanese GAAP
FYE Mar 2026	273	+43.9%	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 n/a

Average · 3 yrs ¥4.3bn

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	13.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

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

Intangible assets

FYE Mar 2026 ¥191m

CAGR · 10 yrs −0.9%

Fiscal year	Intangible assets ¥ m	YoY	Basis
FYE Mar 2017	208	n/a	Cons. · Japanese GAAP
FYE Mar 2018	190	−8.7%	Cons. · Japanese GAAP
FYE Mar 2019	144	−24.2%	Cons. · Japanese GAAP
FYE Mar 2020	191	+32.6%	Cons. · Japanese GAAP
FYE Mar 2021	240	+25.7%	Cons. · Japanese GAAP
FYE Mar 2022	275	+14.6%	Cons. · Japanese GAAP
FYE Mar 2023	245	−10.9%	Cons. · Japanese GAAP
FYE Mar 2024	231	−5.7%	Cons. · Japanese GAAP
FYE Mar 2025	187	−19.0%	Cons. · Japanese GAAP
FYE Mar 2026	191	+2.1%	Cons. · Japanese GAAP

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

Equity ratio

FYE Mar 2026 86.9%

Average · 10 yrs 82.0%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	89.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	90.4	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	92.3	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	82.8	−9.5pp	Cons. · Japanese GAAP
FYE Mar 2021	86.6	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2022	62.8	−23.8pp	Cons. · Japanese GAAP
FYE Mar 2023	67.7	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2024	71.4	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2025	90.3	+18.9pp	Cons. · Japanese GAAP
FYE Mar 2026	86.9	−3.4pp	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 Mar 2026 n/a

Average · 3 yrs 3.5%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	10.6	+10.6pp	Cons. · Japanese GAAP
FYE Mar 2021	0.0	−10.6pp	Cons. · Japanese GAAP
FYE Mar 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	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 15.7%

Average · 10 yrs 16.6%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	10.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	11.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	12.5	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	17.9	+5.4pp	Cons. · Japanese GAAP
FYE Mar 2022	25.6	+7.7pp	Cons. · Japanese GAAP
FYE Mar 2023	21.7	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2024	19.2	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2025	19.9	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	15.7	−4.1pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 13.7%

Average · 10 yrs 13.2%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	9.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	10.6	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	10.4	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	15.5	+5.1pp	Cons. · Japanese GAAP
FYE Mar 2022	16.1	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	14.7	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	13.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	17.9	+4.2pp	Cons. · Japanese GAAP
FYE Mar 2026	13.7	−4.3pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.28×

CAGR · 10 yrs −1.1%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.31	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.30	−2.4%	Cons. · Japanese GAAP
FYE Mar 2019	0.30	−0.4%	Cons. · Japanese GAAP
FYE Mar 2020	0.29	−4.3%	Cons. · Japanese GAAP
FYE Mar 2021	0.32	+9.7%	Cons. · Japanese GAAP
FYE Mar 2022	0.33	+4.5%	Cons. · Japanese GAAP
FYE Mar 2023	0.37	+12.3%	Cons. · Japanese GAAP
FYE Mar 2024	0.34	−7.5%	Cons. · Japanese GAAP
FYE Mar 2025	0.40	+15.2%	Cons. · Japanese GAAP
FYE Mar 2026	0.28	−28.9%	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 ¥33bn

CAGR · 10 yrs +14.3%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	9.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.4	+5.0%	Cons. · Japanese GAAP
FYE Mar 2019	9.6	−7.6%	Cons. · Japanese GAAP
FYE Mar 2020	9.7	+1.6%	Cons. · Japanese GAAP
FYE Mar 2021	29.7	+204.9%	Cons. · Japanese GAAP
FYE Mar 2022	24.8	−16.5%	Cons. · Japanese GAAP
FYE Mar 2023	29.7	+19.6%	Cons. · Japanese GAAP
FYE Mar 2024	36.6	+23.3%	Cons. · Japanese GAAP
FYE Mar 2025	34.4	−6.1%	Cons. · Japanese GAAP
FYE Mar 2026	33.0	−4.0%	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 -¥12bn

Average · 10 yrs -¥6.9bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-3.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-10.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-10.5	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-12.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-13.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-21.4	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-24.9	n/a	Cons. · Japanese GAAP
FYE Mar 2025	41.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-12.1	−129.5%	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 ¥13bn

Average · 10 yrs -¥12bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-5.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-5.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	6.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-19.4	−380.9%	Cons. · Japanese GAAP
FYE Mar 2022	-4.6	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-16.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-15.5	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-63.2	n/a	Cons. · Japanese GAAP
FYE Mar 2026	12.9	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 ¥59bn

CAGR · 10 yrs +19.7%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	11.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.5	−44.3%	Cons. · Japanese GAAP
FYE Mar 2019	7.0	+6.5%	Cons. · Japanese GAAP
FYE Mar 2020	12.8	+83.7%	Cons. · Japanese GAAP
FYE Mar 2021	11.4	−10.7%	Cons. · Japanese GAAP
FYE Mar 2022	19.5	+70.5%	Cons. · Japanese GAAP
FYE Mar 2023	11.7	−39.8%	Cons. · Japanese GAAP
FYE Mar 2024	10.5	−10.9%	Cons. · Japanese GAAP
FYE Mar 2025	22.6	+115.8%	Cons. · Japanese GAAP
FYE Mar 2026	59.3	+163.1%	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 ¥21bn

CAGR · 10 yrs +15.0%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	6.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.4	−93.2%	Cons. · Japanese GAAP
FYE Mar 2019	8.1	+1900.2%	Cons. · Japanese GAAP
FYE Mar 2020	-0.7	−109.2%	Cons. · Japanese GAAP
FYE Mar 2021	17.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	11.7	−33.2%	Cons. · Japanese GAAP
FYE Mar 2023	8.3	−28.8%	Cons. · Japanese GAAP
FYE Mar 2024	11.7	+41.5%	Cons. · Japanese GAAP
FYE Mar 2025	75.3	+541.5%	Cons. · Japanese GAAP
FYE Mar 2026	20.9	−72.2%	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 37.3%

Average · 10 yrs 34.4%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	26.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	26.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	24.6	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	22.9	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	49.2	+26.4pp	Cons. · Japanese GAAP
FYE Mar 2022	34.1	−15.1pp	Cons. · Japanese GAAP
FYE Mar 2023	37.9	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2024	43.3	+5.4pp	Cons. · Japanese GAAP
FYE Mar 2025	41.3	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2026	37.3	−4.0pp	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 n/a

CAGR · 3 yrs +28.1%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-0.2	−102.8%	Cons. · Japanese GAAP
FYE Mar 2021	11.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	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 ¥541bn

Change · 10 yrs +¥395bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	146	n/a
FYE Mar 2018	143	n/a
FYE Mar 2019	318	n/a
FYE Mar 2020	415	n/a
FYE Mar 2021	963	n/a
FYE Mar 2022	675	n/a
FYE Mar 2023	803	n/a
FYE Mar 2024	544	n/a
FYE Mar 2025	661	n/a
FYE Mar 2026	541	n/a

Definition: What the market says the company is worth
Formula: Year-end share price × shares outstanding
Source: Securities report (XBRL)

Share price year-end close

FYE Mar 2026 1,609¥

Change · 10 yrs +254¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,355	n/a
FYE Mar 2018	1,332	n/a
FYE Mar 2019	2,462	n/a
FYE Mar 2020	3,214	n/a
FYE Mar 2021	7,448	n/a
FYE Mar 2022	4,014	n/a
FYE Mar 2023	2,388	n/a
FYE Mar 2024	1,620	n/a
FYE Mar 2025	1,967	n/a
FYE Mar 2026	1,609	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 336,096,924shares

Change · 10 yrs +228,373,550 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	107,723,374	Parent
FYE Mar 2018	107,723,374	Parent
FYE Mar 2019	129,268,048	Parent
FYE Mar 2020	129,268,048	Parent
FYE Mar 2021	129,268,048	Parent
FYE Mar 2022	168,048,462	Parent
FYE Mar 2023	336,096,924	Parent
FYE Mar 2024	336,096,924	Parent
FYE Mar 2025	336,096,924	Parent
FYE Mar 2026	336,096,924	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 131.77¥

Change · 10 yrs +60.96¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	70.81	Cons.
FYE Mar 2018	79.00	Cons.
FYE Mar 2019	41.54	Cons.
FYE Mar 2020	46.48	Cons.
FYE Mar 2021	89.34	Cons.
FYE Mar 2022	107.28	Cons.
FYE Mar 2023	98.20	Cons.
FYE Mar 2024	107.06	Cons.
FYE Mar 2025	119.14	Cons.
FYE Mar 2026	131.77	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 810.89¥

Change · 10 yrs −177.91¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	988.79	Cons. · Japanese GAAP
FYE Mar 2018	1,079.08	Cons. · Japanese GAAP
FYE Mar 2019	922.76	Cons. · Japanese GAAP
FYE Mar 2020	946.45	Cons. · Japanese GAAP
FYE Mar 2021	1,277.42	Cons. · Japanese GAAP
FYE Mar 2022	821.79	Cons. · Japanese GAAP
FYE Mar 2023	424.53	Cons. · Japanese GAAP
FYE Mar 2024	522.33	Cons. · Japanese GAAP
FYE Mar 2025	563.59	Cons. · Japanese GAAP
FYE Mar 2026	810.89	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 12.21×

Average · 10 yrs 19.35×

Fiscal year	PER ×	Basis
FYE Mar 2017	19.13	Cons.
FYE Mar 2018	16.86	Cons.
FYE Mar 2019	19.76	Cons.
FYE Mar 2020	23.05	Cons.
FYE Mar 2021	27.79	Cons.
FYE Mar 2022	18.71	Cons.
FYE Mar 2023	24.32	Cons.
FYE Mar 2024	15.13	Cons.
FYE Mar 2025	16.51	Cons.
FYE Mar 2026	12.21	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 1.98×

Average · 10 yrs 3.23×

Fiscal year	PBR ×	Basis
FYE Mar 2017	2.10	Cons.
FYE Mar 2018	1.90	Cons.
FYE Mar 2019	2.27	Cons.
FYE Mar 2020	2.90	Cons.
FYE Mar 2021	5.00	Cons.
FYE Mar 2022	4.59	Cons.
FYE Mar 2023	5.30	Cons.
FYE Mar 2024	2.93	Cons.
FYE Mar 2025	3.30	Cons.
FYE Mar 2026	1.98	Cons.

Definition: The price measured against the book value behind it
Formula: Year-end price ÷ BPS
Source: Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Group employees

FYE Mar 2026 2,835people

Change · 10 yrs +1,181 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	1,654	n/a	Cons.
FYE Mar 2018	1,737	+5.0%	Cons.
FYE Mar 2019	1,757	+1.2%	Cons.
FYE Mar 2020	1,835	+4.4%	Cons.
FYE Mar 2021	1,983	+8.1%	Cons.
FYE Mar 2022	2,063	+4.0%	Cons.
FYE Mar 2023	2,381	+15.4%	Cons.
FYE Mar 2024	2,531	+6.3%	Cons.
FYE Mar 2025	2,684	+6.0%	Cons.
FYE Mar 2026	2,835	+5.6%	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 Mar 2026 121people

Change · 10 yrs +62 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	59	n/a	Parent
FYE Mar 2018	59	−0.0%	Parent
FYE Mar 2019	63	+6.8%	Parent
FYE Mar 2020	67	+6.3%	Parent
FYE Mar 2021	74	+10.4%	Parent
FYE Mar 2022	101	+36.5%	Parent
FYE Mar 2023	104	+3.0%	Parent
FYE Mar 2024	108	+3.8%	Parent
FYE Mar 2025	113	+4.6%	Parent
FYE Mar 2026	121	+7.1%	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 904万円

Change · 8 yrs +203万円

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	700	n/a	Parent
FYE Mar 2020	656	−6.3%	Parent
FYE Mar 2021	634	−3.5%	Parent
FYE Mar 2022	701	+10.6%	Parent
FYE Mar 2023	737	+5.2%	Parent
FYE Mar 2024	811	+9.9%	Parent
FYE Mar 2025	794	−2.0%	Parent
FYE Mar 2026	904	+13.8%	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 38.8years

Change · 8 yrs +1.3 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	37.5	n/a	Parent
FYE Mar 2020	37.3	−0.5%	Parent
FYE Mar 2021	37.1	−0.5%	Parent
FYE Mar 2022	37.4	+0.8%	Parent
FYE Mar 2023	37.5	+0.3%	Parent
FYE Mar 2024	37.5	−0.0%	Parent
FYE Mar 2025	38.2	+1.9%	Parent
FYE Mar 2026	38.8	+1.6%	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 Mar 2026 9.8years

Change · 8 yrs +1.1 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	8.7	n/a	Parent
FYE Mar 2020	9.0	+3.4%	Parent
FYE Mar 2021	8.8	−2.2%	Parent
FYE Mar 2022	9.7	+10.2%	Parent
FYE Mar 2023	9.3	−4.1%	Parent
FYE Mar 2024	9.4	+1.1%	Parent
FYE Mar 2025	9.4	−0.0%	Parent
FYE Mar 2026	9.8	+4.3%	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 Mar 2026 549people

Change · 10 yrs +240 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	309	n/a	n/a
FYE Mar 2018	310	+0.3%	n/a
FYE Mar 2019	330	+6.5%	n/a
FYE Mar 2020	369	+11.8%	n/a
FYE Mar 2021	458	+24.1%	n/a
FYE Mar 2022	446	−2.6%	n/a
FYE Mar 2023	493	+10.5%	n/a
FYE Mar 2024	537	+8.9%	n/a
FYE Mar 2025	550	+2.4%	n/a
FYE Mar 2026	549	−0.2%	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 ¥31.2m

Change · 10 yrs +¥8.8m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	22.4	n/a	Cons.
FYE Mar 2018	22.4	+0.1%	Cons.
FYE Mar 2019	22.2	−1.0%	Cons.
FYE Mar 2020	23.2	+4.8%	Cons.
FYE Mar 2021	30.4	+31.0%	Cons.
FYE Mar 2022	35.3	+15.8%	Cons.
FYE Mar 2023	32.9	−6.6%	Cons.
FYE Mar 2024	33.4	+1.5%	Cons.
FYE Mar 2025	31.0	−7.3%	Cons.
FYE Mar 2026	31.2	+0.6%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥13.1m

Change · 10 yrs +¥7.8m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	5.3	n/a	Cons.
FYE Mar 2018	6.7	+27.0%	Cons.
FYE Mar 2019	6.9	+2.1%	Cons.
FYE Mar 2020	7.7	+11.7%	Cons.
FYE Mar 2021	12.3	+60.1%	Cons.
FYE Mar 2022	16.7	+36.0%	Cons.
FYE Mar 2023	16.4	−1.8%	Cons.
FYE Mar 2024	11.3	−31.5%	Cons.
FYE Mar 2025	12.0	+6.3%	Cons.
FYE Mar 2026	13.1	+9.6%	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

Koei Tecmo Holdings’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/3635/company.json ·/api/3635/history.json ·/api/3635/ceo.json ·/api/3635/financials.json ·/api/3635/financials/segment.json ·/api/3635/financials/pl.json ·/api/3635/financials/cf.json ·/api/3635/financials/bs.json ·/api/3635/financials/employee.json ·/api/3635/financials/stock.json ·/api/3635/financials.csv ·/api/3635/financials_history.csv

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