Financials

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

FYE Mar 2026 · Revenue¥60bnYoY +23.3%

FYE Mar 2026 · Operating profit¥17bnYoY +70.2%

FYE Mar 2026 · Net profit¥13bnYoY +66.1%

FYE Mar 2026 · Equity ratio71.2%YoY +1.7pp

FYE Mar 2026 · Group employees3,569YoY +483

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥4.9bn	n/a	¥1.0bn	n/a	19.8%	¥0.7bn	Nakamura Takanori	Rakuraku Seisan outgrows plan
FYE Mar 2018Consolidated	¥6.4bn	+29.9%	¥1.2bn	+27.2%	19.4%	¥0.9bn	Nakamura Takanori	—
FYE Mar 2019Consolidated	¥8.7bn	+36.4%	¥1.5bn	+18.3%	16.8%	¥1.0bn	Nakamura Takanori	Brain Mail acquired, becoming Rakus Light Cloud
FYE Mar 2020Consolidated	¥12bn	+32.8%	¥1.2bn	−20.0%	10.1%	¥0.8bn	Nakamura Takanori	—
FYE Mar 2021Consolidated	¥15bn	+32.6%	¥3.9bn	+231.9%	25.3%	¥2.9bn	Nakamura Takanori	Advertising ramped up; profit deliberately held down
FYE Mar 2022Consolidated	¥21bn	+34.1%	¥1.6bn	−59.5%	7.6%	¥1.1bn	Nakamura Takanori	Record year on remote-work demand; move to TSE first section
FYE Mar 2023Consolidated	¥27bn	+32.8%	¥1.7bn	+4.9%	6.0%	¥1.3bn	Nakamura Takanori	Margin cut to 4.8% to accelerate growth; Prime Market
FYE Mar 2024Consolidated	¥38bn	+40.2%	¥5.6bn	+235.7%	14.5%	¥4.2bn	Nakamura Takanori	Rakus HR Tech carved out of HOYA
FYE Mar 2025Consolidated	¥49bn	+27.3%	¥10bn	+83.3%	20.8%	¥8.0bn	Nakamura Takanori	—
FYE Mar 2026Consolidated	¥60bn	+23.3%	¥17bn	+70.2%	28.8%	¥13bn	Nakamura Takanori	Revenue <span class="en-history_money" data-yen="48900000000" data-year="2025">$326.8M (¥49bn)</span>; operating profit past ¥10bn

How it compares

Oracle Japan¥285bnFY2026Operating margin 31.5%Trend Micro¥276bnFY2025Operating margin 20.9%

Rakus¥60bnFY2025Operating margin 28.8%

Sansan, Inc.¥54bnFY2026Operating margin 15.2%JustSystems¥52bnFY2025Operating margin 43.7%

OBIC BUSINESS CONSULTANTS CO.,LTD.¥51bnFY2025Operating margin 45.9%

Money Forward¥50bnFY2025Operating margin −5.3%

Mirokujouhousabisu¥46bnFY2024Operating margin 13.6%

Appier Group¥44bnFY2025Operating margin 6.8%

Sofutoweasabisu¥42bnFY2025Operating margin 19.8%

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 ¥60bn

CAGR · 10 yrs +32.1%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	4.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.4	+29.9%	Cons. · Japanese GAAP
FYE Mar 2019	8.7	+36.4%	Cons. · Japanese GAAP
FYE Mar 2020	11.6	+32.8%	Cons. · Japanese GAAP
FYE Mar 2021	15.4	+32.6%	Cons. · Japanese GAAP
FYE Mar 2022	20.6	+34.1%	Cons. · Japanese GAAP
FYE Mar 2023	27.4	+32.8%	Cons. · Japanese GAAP
FYE Mar 2024	38.4	+40.2%	Cons. · Japanese GAAP
FYE Mar 2025	48.9	+27.3%	Cons. · Japanese GAAP
FYE Mar 2026	60.3	+23.3%	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 ¥15bn

CAGR · 10 yrs +26.3%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	1.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.3	+25.5%	Cons. · Japanese GAAP
FYE Mar 2019	3.0	+30.8%	Cons. · Japanese GAAP
FYE Mar 2020	3.9	+32.0%	Cons. · Japanese GAAP
FYE Mar 2021	5.0	+27.5%	Cons. · Japanese GAAP
FYE Mar 2022	6.6	+31.2%	Cons. · Japanese GAAP
FYE Mar 2023	8.6	+30.7%	Cons. · Japanese GAAP
FYE Mar 2024	10.8	+25.1%	Cons. · Japanese GAAP
FYE Mar 2025	12.6	+16.7%	Cons. · Japanese GAAP
FYE Mar 2026	14.9	+18.0%	Cons. · Japanese GAAP

Definition: The cost of what was sold
Formula: Cost of sales line of the income statement
Source: Securities report (XBRL)

Gross profit

FYE Mar 2026 ¥45bn

CAGR · 10 yrs +34.7%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	3.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.1	+32.5%	Cons. · Japanese GAAP
FYE Mar 2019	5.8	+39.5%	Cons. · Japanese GAAP
FYE Mar 2020	7.7	+33.2%	Cons. · Japanese GAAP
FYE Mar 2021	10.4	+35.2%	Cons. · Japanese GAAP
FYE Mar 2022	14.0	+35.5%	Cons. · Japanese GAAP
FYE Mar 2023	18.8	+33.8%	Cons. · Japanese GAAP
FYE Mar 2024	27.6	+47.1%	Cons. · Japanese GAAP
FYE Mar 2025	36.3	+31.5%	Cons. · Japanese GAAP
FYE Mar 2026	45.4	+25.1%	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 ¥28bn

CAGR · 10 yrs +33.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	2.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.9	+34.9%	Cons. · Japanese GAAP
FYE Mar 2019	4.3	+48.7%	Cons. · Japanese GAAP
FYE Mar 2020	6.5	+51.4%	Cons. · Japanese GAAP
FYE Mar 2021	6.5	−0.4%	Cons. · Japanese GAAP
FYE Mar 2022	12.5	+92.8%	Cons. · Japanese GAAP
FYE Mar 2023	17.1	+37.5%	Cons. · Japanese GAAP
FYE Mar 2024	22.1	+28.8%	Cons. · Japanese GAAP
FYE Mar 2025	26.1	+18.4%	Cons. · Japanese GAAP
FYE Mar 2026	28.1	+7.5%	Cons. · Japanese GAAP

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

Operating profit

FYE Mar 2026 ¥17bn

CAGR · 10 yrs +37.7%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.2	+27.2%	Cons. · Japanese GAAP
FYE Mar 2019	1.5	+18.3%	Cons. · Japanese GAAP
FYE Mar 2020	1.2	−20.0%	Cons. · Japanese GAAP
FYE Mar 2021	3.9	+231.9%	Cons. · Japanese GAAP
FYE Mar 2022	1.6	−59.5%	Cons. · Japanese GAAP
FYE Mar 2023	1.7	+4.9%	Cons. · Japanese GAAP
FYE Mar 2024	5.6	+235.7%	Cons. · Japanese GAAP
FYE Mar 2025	10.2	+83.3%	Cons. · Japanese GAAP
FYE Mar 2026	17.3	+70.2%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥108m

CAGR · 10 yrs +115.0%

Fiscal year	Non-operating income ¥ m	YoY	Basis
FYE Mar 2017	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.9	+6200.0%	Cons. · Japanese GAAP
FYE Mar 2019	5.8	−16.5%	Cons. · Japanese GAAP
FYE Mar 2020	3.3	−43.2%	Cons. · Japanese GAAP
FYE Mar 2021	15.0	+355.9%	Cons. · Japanese GAAP
FYE Mar 2022	17.0	+13.3%	Cons. · Japanese GAAP
FYE Mar 2023	37.0	+117.6%	Cons. · Japanese GAAP
FYE Mar 2024	53.0	+43.2%	Cons. · Japanese GAAP
FYE Mar 2025	28.0	−47.2%	Cons. · Japanese GAAP
FYE Mar 2026	108	+285.7%	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 ¥13.0m

CAGR · 10 yrs +19.9%

Fiscal year	Non-operating expenses ¥ m	YoY	Basis
FYE Mar 2017	2.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.1	−96.5%	Cons. · Japanese GAAP
FYE Mar 2019	0.0	−88.9%	Cons. · Japanese GAAP
FYE Mar 2020	0.3	+3100.0%	Cons. · Japanese GAAP
FYE Mar 2021	31.0	+9587.5%	Cons. · Japanese GAAP
FYE Mar 2022	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2023	16.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	2.0	−87.5%	Cons. · Japanese GAAP
FYE Mar 2025	2.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2026	13.0	+550.0%	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 ¥17bn

CAGR · 10 yrs +37.8%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.2	+28.2%	Cons. · Japanese GAAP
FYE Mar 2019	1.5	+18.2%	Cons. · Japanese GAAP
FYE Mar 2020	1.2	−20.1%	Cons. · Japanese GAAP
FYE Mar 2021	3.9	+229.7%	Cons. · Japanese GAAP
FYE Mar 2022	1.6	−58.9%	Cons. · Japanese GAAP
FYE Mar 2023	1.7	+5.1%	Cons. · Japanese GAAP
FYE Mar 2024	5.6	+234.5%	Cons. · Japanese GAAP
FYE Mar 2025	10.2	+82.1%	Cons. · Japanese GAAP
FYE Mar 2026	17.4	+70.7%	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 ¥1.5bn

CAGR · 5 yrs +131.4%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.1	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	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2021	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2023	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2024	0.0	−96.7%	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	1.5	n/a	Cons. · Japanese GAAP

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

Extraordinary loss

FYE Mar 2026 ¥4.0m

CAGR · 10 yrs +52.4%

Fiscal year	Extraordinary loss ¥ m	YoY	Basis
FYE Mar 2017	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.6	+566.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.2	−70.0%	Cons. · Japanese GAAP
FYE Mar 2020	8.1	+4405.6%	Cons. · Japanese GAAP
FYE Mar 2021	4.0	−50.7%	Cons. · Japanese GAAP
FYE Mar 2022	52.0	+1200.0%	Cons. · Japanese GAAP
FYE Mar 2023	52.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	9.0	−82.7%	Cons. · Japanese GAAP
FYE Mar 2025	2.0	−77.8%	Cons. · Japanese GAAP
FYE Mar 2026	4.0	+100.0%	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 ¥13bn

CAGR · 10 yrs +38.0%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.9	+19.5%	Cons. · Japanese GAAP
FYE Mar 2019	1.0	+16.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.8	−21.5%	Cons. · Japanese GAAP
FYE Mar 2021	2.9	+267.5%	Cons. · Japanese GAAP
FYE Mar 2022	1.1	−63.3%	Cons. · Japanese GAAP
FYE Mar 2023	1.3	+18.2%	Cons. · Japanese GAAP
FYE Mar 2024	4.2	+228.5%	Cons. · Japanese GAAP
FYE Mar 2025	8.0	+91.2%	Cons. · Japanese GAAP
FYE Mar 2026	13.3	+66.1%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 75.3%

Average · 10 yrs 68.5%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	63.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	64.4	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	65.8	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2020	66.0	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	67.3	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2022	68.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	68.5	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	71.9	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2025	74.2	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2026	75.3	+1.1pp	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 28.8%

Average · 10 yrs 16.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	19.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.4	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	16.8	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2020	10.1	−6.7pp	Cons. · Japanese GAAP
FYE Mar 2021	25.3	+15.2pp	Cons. · Japanese GAAP
FYE Mar 2022	7.6	−17.7pp	Cons. · Japanese GAAP
FYE Mar 2023	6.0	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2024	14.5	+8.4pp	Cons. · Japanese GAAP
FYE Mar 2025	20.8	+6.4pp	Cons. · Japanese GAAP
FYE Mar 2026	28.8	+7.9pp	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 28.9%

Average · 10 yrs 17.0%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	19.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.5	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	16.9	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2020	10.1	−6.7pp	Cons. · Japanese GAAP
FYE Mar 2021	25.2	+15.1pp	Cons. · Japanese GAAP
FYE Mar 2022	7.7	−17.5pp	Cons. · Japanese GAAP
FYE Mar 2023	6.1	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2024	14.6	+8.5pp	Cons. · Japanese GAAP
FYE Mar 2025	20.9	+6.3pp	Cons. · Japanese GAAP
FYE Mar 2026	28.9	+8.0pp	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 22.0%

Average · 10 yrs 12.5%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	14.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.6	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	11.6	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2020	6.9	−4.8pp	Cons. · Japanese GAAP
FYE Mar 2021	19.1	+12.2pp	Cons. · Japanese GAAP
FYE Mar 2022	5.2	−13.9pp	Cons. · Japanese GAAP
FYE Mar 2023	4.6	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	10.9	+6.2pp	Cons. · Japanese GAAP
FYE Mar 2025	16.4	+5.5pp	Cons. · Japanese GAAP
FYE Mar 2026	22.0	+5.7pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Mar 2026 24.7%

Average · 10 yrs 31.5%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	36.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.7	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	34.2	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2020	34.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	32.7	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2022	32.0	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	31.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	28.1	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2025	25.8	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2026	24.7	−1.1pp	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 46.6%

Average · 10 yrs 51.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	43.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	45.0	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2019	49.0	+4.0pp	Cons. · Japanese GAAP
FYE Mar 2020	55.9	+6.9pp	Cons. · Japanese GAAP
FYE Mar 2021	42.0	−13.9pp	Cons. · Japanese GAAP
FYE Mar 2022	60.4	+18.4pp	Cons. · Japanese GAAP
FYE Mar 2023	62.5	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2024	57.4	−5.1pp	Cons. · Japanese GAAP
FYE Mar 2025	53.4	−4.0pp	Cons. · Japanese GAAP
FYE Mar 2026	46.6	−6.8pp	Cons. · Japanese GAAP

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

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

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio Debt-to-equity

Total assets

FYE Mar 2026 ¥37bn

CAGR · 10 yrs +28.5%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	3.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.2	+36.8%	Cons. · Japanese GAAP
FYE Mar 2019	6.1	+17.5%	Cons. · Japanese GAAP
FYE Mar 2020	7.0	+14.6%	Cons. · Japanese GAAP
FYE Mar 2021	11.5	+63.0%	Cons. · Japanese GAAP
FYE Mar 2022	11.7	+2.0%	Cons. · Japanese GAAP
FYE Mar 2023	14.1	+20.3%	Cons. · Japanese GAAP
FYE Mar 2024	21.2	+50.9%	Cons. · Japanese GAAP
FYE Mar 2025	31.7	+49.1%	Cons. · Japanese GAAP
FYE Mar 2026	36.6	+15.6%	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 ¥26bn

CAGR · 10 yrs +27.5%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	2.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.7	+26.8%	Cons. · Japanese GAAP
FYE Mar 2019	4.6	+23.9%	Cons. · Japanese GAAP
FYE Mar 2020	5.2	+13.0%	Cons. · Japanese GAAP
FYE Mar 2021	7.8	+51.0%	Cons. · Japanese GAAP
FYE Mar 2022	8.6	+9.9%	Cons. · Japanese GAAP
FYE Mar 2023	9.5	+10.8%	Cons. · Japanese GAAP
FYE Mar 2024	13.3	+39.8%	Cons. · Japanese GAAP
FYE Mar 2025	22.0	+64.7%	Cons. · Japanese GAAP
FYE Mar 2026	26.0	+18.5%	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 ¥0.0m

Average · 10 yrs ¥131m

Fiscal year	Interest-bearing debt ¥ m	YoY	Basis
FYE Mar 2017	35.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.4	−70.6%	Cons. · Japanese GAAP
FYE Mar 2019	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2020	3.3	n/a	Cons. · Japanese GAAP
FYE Mar 2021	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2022	40.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	36.0	−10.0%	Cons. · Japanese GAAP
FYE Mar 2024	970	+2594.4%	Cons. · Japanese GAAP
FYE Mar 2025	216	−77.7%	Cons. · Japanese GAAP
FYE Mar 2026	0.0	−100.0%	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 n/a

CAGR · 7 yrs +43.2%

Fiscal year	Short-term borrowings ¥ m	YoY	Basis
FYE Mar 2017	25.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.4	−58.4%	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2020	3.3	n/a	Cons. · Japanese GAAP
FYE Mar 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	4.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	4.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	754	+18750.0%	Cons. · Japanese GAAP
FYE Mar 2025	216	−71.4%	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	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 n/a

CAGR · 4 yrs +174.9%

Fiscal year	Long-term borrowings ¥ m	YoY	Basis
FYE Mar 2017	10.4	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	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	36.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	32.0	−11.1%	Cons. · Japanese GAAP
FYE Mar 2024	216	+575.0%	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 repayable in more than a year
Formula: Long-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥2.9bn

CAGR · 10 yrs +68.8%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.7	+6223.5%	Cons. · Japanese GAAP
FYE Mar 2019	1.4	−13.4%	Cons. · Japanese GAAP
FYE Mar 2020	1.2	−15.6%	Cons. · Japanese GAAP
FYE Mar 2021	1.0	−20.5%	Cons. · Japanese GAAP
FYE Mar 2022	0.7	−25.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.5	−31.7%	Cons. · Japanese GAAP
FYE Mar 2024	3.8	+671.3%	Cons. · Japanese GAAP
FYE Mar 2025	3.4	−10.6%	Cons. · Japanese GAAP
FYE Mar 2026	2.9	−14.1%	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 ¥1.1bn

CAGR · 9 yrs −2.4%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.3	n/a	Cons. · Japanese GAAP
FYE Mar 2019	1.1	−12.8%	Cons. · Japanese GAAP
FYE Mar 2020	1.0	−14.6%	Cons. · Japanese GAAP
FYE Mar 2021	0.8	−17.2%	Cons. · Japanese GAAP
FYE Mar 2022	0.6	−20.7%	Cons. · Japanese GAAP
FYE Mar 2023	0.5	−26.0%	Cons. · Japanese GAAP
FYE Mar 2024	1.7	+265.5%	Cons. · Japanese GAAP
FYE Mar 2025	1.4	−19.6%	Cons. · Japanese GAAP
FYE Mar 2026	1.1	−22.5%	Cons. · Japanese GAAP

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

Equity ratio

FYE Mar 2026 71.2%

Average · 10 yrs 70.9%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	76.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	70.9	−5.6pp	Cons. · Japanese GAAP
FYE Mar 2019	74.8	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2020	73.8	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	68.4	−5.4pp	Cons. · Japanese GAAP
FYE Mar 2022	73.6	+5.3pp	Cons. · Japanese GAAP
FYE Mar 2023	67.8	−5.8pp	Cons. · Japanese GAAP
FYE Mar 2024	62.9	−5.0pp	Cons. · Japanese GAAP
FYE Mar 2025	69.4	+6.6pp	Cons. · Japanese GAAP
FYE Mar 2026	71.2	+1.7pp	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 0.0%

Average · 10 yrs 1.1%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	1.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.3	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	0.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	0.1	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	0.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	0.5	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	0.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	7.3	+6.9pp	Cons. · Japanese GAAP
FYE Mar 2025	1.0	−6.3pp	Cons. · Japanese GAAP
FYE Mar 2026	0.0	−1.0pp	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 51.1%

Average · 10 yrs 26.8%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	25.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.6	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	22.2	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	15.4	−6.8pp	Cons. · Japanese GAAP
FYE Mar 2021	37.4	+22.1pp	Cons. · Japanese GAAP
FYE Mar 2022	12.5	−24.9pp	Cons. · Japanese GAAP
FYE Mar 2023	13.3	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	31.4	+18.0pp	Cons. · Japanese GAAP
FYE Mar 2025	36.4	+5.1pp	Cons. · Japanese GAAP
FYE Mar 2026	51.1	+14.6pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 36.3%

Average · 10 yrs 18.9%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	19.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.7	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2019	16.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	11.4	−5.2pp	Cons. · Japanese GAAP
FYE Mar 2021	25.6	+14.2pp	Cons. · Japanese GAAP
FYE Mar 2022	9.2	−16.4pp	Cons. · Japanese GAAP
FYE Mar 2023	9.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	19.7	+10.7pp	Cons. · Japanese GAAP
FYE Mar 2025	25.3	+5.6pp	Cons. · Japanese GAAP
FYE Mar 2026	36.3	+11.1pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 1.65×

CAGR · 10 yrs +2.8%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.29	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.23	−5.1%	Cons. · Japanese GAAP
FYE Mar 2019	1.42	+16.2%	Cons. · Japanese GAAP
FYE Mar 2020	1.65	+15.8%	Cons. · Japanese GAAP
FYE Mar 2021	1.34	−18.7%	Cons. · Japanese GAAP
FYE Mar 2022	1.76	+31.4%	Cons. · Japanese GAAP
FYE Mar 2023	1.95	+10.4%	Cons. · Japanese GAAP
FYE Mar 2024	1.81	−7.1%	Cons. · Japanese GAAP
FYE Mar 2025	1.54	−14.6%	Cons. · Japanese GAAP
FYE Mar 2026	1.65	+6.7%	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 ¥13bn

CAGR · 10 yrs +41.7%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	0.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	+79.7%	Cons. · Japanese GAAP
FYE Mar 2019	1.1	+7.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.9	−16.2%	Cons. · Japanese GAAP
FYE Mar 2021	4.3	+354.8%	Cons. · Japanese GAAP
FYE Mar 2022	-0.0	−100.3%	Cons. · Japanese GAAP
FYE Mar 2023	2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2024	5.3	+143.7%	Cons. · Japanese GAAP
FYE Mar 2025	9.0	+70.3%	Cons. · Japanese GAAP
FYE Mar 2026	13.4	+48.7%	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 -¥2.8bn

Average · 10 yrs -¥1.6bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-4.9	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-3.5	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-2.8	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 -¥8.0bn

Average · 10 yrs -¥1.0bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2024	0.6	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-1.2	−303.8%	Cons. · Japanese GAAP
FYE Mar 2026	-8.0	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 ¥14bn

CAGR · 10 yrs +22.0%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	2.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.7	−25.8%	Cons. · Japanese GAAP
FYE Mar 2019	2.2	+30.1%	Cons. · Japanese GAAP
FYE Mar 2020	2.5	+11.6%	Cons. · Japanese GAAP
FYE Mar 2021	6.0	+141.8%	Cons. · Japanese GAAP
FYE Mar 2022	4.9	−19.5%	Cons. · Japanese GAAP
FYE Mar 2023	6.0	+23.2%	Cons. · Japanese GAAP
FYE Mar 2024	7.0	+17.0%	Cons. · Japanese GAAP
FYE Mar 2025	11.4	+62.2%	Cons. · Japanese GAAP
FYE Mar 2026	13.9	+22.2%	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 ¥11bn

CAGR · 10 yrs +49.1%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-0.5	−266.1%	Cons. · Japanese GAAP
FYE Mar 2019	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	0.5	−30.3%	Cons. · Japanese GAAP
FYE Mar 2021	3.8	+738.2%	Cons. · Japanese GAAP
FYE Mar 2022	-0.9	−123.1%	Cons. · Japanese GAAP
FYE Mar 2023	1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	0.4	−70.9%	Cons. · Japanese GAAP
FYE Mar 2025	5.5	+1194.6%	Cons. · Japanese GAAP
FYE Mar 2026	10.6	+90.6%	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 22.2%

Average · 10 yrs 13.9%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	11.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.3	+4.5pp	Cons. · Japanese GAAP
FYE Mar 2019	12.8	−3.5pp	Cons. · Japanese GAAP
FYE Mar 2020	8.1	−4.7pp	Cons. · Japanese GAAP
FYE Mar 2021	27.8	+19.7pp	Cons. · Japanese GAAP
FYE Mar 2022	-0.1	−27.8pp	Cons. · Japanese GAAP
FYE Mar 2023	7.9	+8.0pp	Cons. · Japanese GAAP
FYE Mar 2024	13.8	+5.8pp	Cons. · Japanese GAAP
FYE Mar 2025	18.4	+4.6pp	Cons. · Japanese GAAP
FYE Mar 2026	22.2	+3.8pp	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 ¥14bn

CAGR · 10 yrs +22.2%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	2.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.7	−25.1%	Cons. · Japanese GAAP
FYE Mar 2019	2.2	+30.9%	Cons. · Japanese GAAP
FYE Mar 2020	2.5	+11.5%	Cons. · Japanese GAAP
FYE Mar 2021	6.0	+142.1%	Cons. · Japanese GAAP
FYE Mar 2022	4.8	−20.1%	Cons. · Japanese GAAP
FYE Mar 2023	6.0	+23.5%	Cons. · Japanese GAAP
FYE Mar 2024	6.0	+1.4%	Cons. · Japanese GAAP
FYE Mar 2025	11.2	+84.7%	Cons. · Japanese GAAP
FYE Mar 2026	13.9	+24.6%	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 ¥263bn

Change · 10 yrs +¥225bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	38.4	n/a
FYE Mar 2018	77.7	n/a
FYE Mar 2019	91.4	n/a
FYE Mar 2020	145	n/a
FYE Mar 2021	387	n/a
FYE Mar 2022	303	n/a
FYE Mar 2023	344	n/a
FYE Mar 2024	372	n/a
FYE Mar 2025	362	n/a
FYE Mar 2026	263	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 743¥

Change · 10 yrs −954¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,697	n/a
FYE Mar 2018	3,432	n/a
FYE Mar 2019	2,018	n/a
FYE Mar 2020	1,595	n/a
FYE Mar 2021	2,133	n/a
FYE Mar 2022	1,672	n/a
FYE Mar 2023	1,900	n/a
FYE Mar 2024	2,050	n/a
FYE Mar 2025	2,000	n/a
FYE Mar 2026	743	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 354,391,000shares

Change · 10 yrs +331,739,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	22,652,000	Parent
FYE Mar 2018	22,652,000	Parent
FYE Mar 2019	45,304,000	Parent
FYE Mar 2020	90,608,000	Parent
FYE Mar 2021	181,216,000	Parent
FYE Mar 2022	181,216,000	Parent
FYE Mar 2023	181,216,000	Parent
FYE Mar 2024	181,216,000	Parent
FYE Mar 2025	181,216,000	Parent
FYE Mar 2026	354,391,000	Parent

Definition: How many shares exist
Formula: Shares issued, from the key figures of the filing
Source: Securities report (XBRL)

EPS earnings per share

FYE Mar 2026 36.91¥

Change · 10 yrs +32.87¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	4.04	Cons.
FYE Mar 2018	4.83	Cons.
FYE Mar 2019	5.62	Cons.
FYE Mar 2020	4.41	Cons.
FYE Mar 2021	16.20	Cons.
FYE Mar 2022	2.98	Cons.
FYE Mar 2023	3.52	Cons.
FYE Mar 2024	11.55	Cons.
FYE Mar 2025	22.09	Cons.
FYE Mar 2026	36.91	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 73.46¥

Change · 10 yrs −55.59¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	129.05	Cons. · Japanese GAAP
FYE Mar 2018	163.61	Cons. · Japanese GAAP
FYE Mar 2019	101.38	Cons. · Japanese GAAP
FYE Mar 2020	57.30	Cons. · Japanese GAAP
FYE Mar 2021	43.27	Cons. · Japanese GAAP
FYE Mar 2022	47.55	Cons. · Japanese GAAP
FYE Mar 2023	52.69	Cons. · Japanese GAAP
FYE Mar 2024	73.65	Cons. · Japanese GAAP
FYE Mar 2025	121.28	Cons. · Japanese GAAP
FYE Mar 2026	73.46	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 20.13×

Average · 10 yrs 124.81×

Fiscal year	PER ×	Basis
FYE Mar 2017	52.51	Cons.
FYE Mar 2018	88.81	Cons.
FYE Mar 2019	89.77	Cons.
FYE Mar 2020	180.87	Cons.
FYE Mar 2021	131.69	Cons.
FYE Mar 2022	280.47	Cons.
FYE Mar 2023	269.86	Cons.
FYE Mar 2024	88.75	Cons.
FYE Mar 2025	45.27	Cons.
FYE Mar 2026	20.13	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 10.11×

Average · 10 yrs 25.68×

Fiscal year	PBR ×	Basis
FYE Mar 2017	13.15	Cons.
FYE Mar 2018	20.97	Cons.
FYE Mar 2019	19.90	Cons.
FYE Mar 2020	27.84	Cons.
FYE Mar 2021	49.29	Cons.
FYE Mar 2022	35.15	Cons.
FYE Mar 2023	36.05	Cons.
FYE Mar 2024	27.83	Cons.
FYE Mar 2025	16.49	Cons.
FYE Mar 2026	10.11	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 3,569people

Change · 10 yrs +3,117 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	452	n/a	Cons.
FYE Mar 2018	561	+24.1%	Cons.
FYE Mar 2019	747	+33.2%	Cons.
FYE Mar 2020	1,044	+39.8%	Cons.
FYE Mar 2021	1,230	+17.8%	Cons.
FYE Mar 2022	1,720	+39.8%	Cons.
FYE Mar 2023	2,197	+27.7%	Cons.
FYE Mar 2024	2,561	+16.6%	Cons.
FYE Mar 2025	3,086	+20.5%	Cons.
FYE Mar 2026	3,569	+15.7%	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 2,190people

Change · 10 yrs +1,776 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	414	n/a	Parent
FYE Mar 2018	526	+27.1%	Parent
FYE Mar 2019	375	−28.7%	Parent
FYE Mar 2020	538	+43.5%	Parent
FYE Mar 2021	714	+32.7%	Parent
FYE Mar 2022	983	+37.7%	Parent
FYE Mar 2023	1,253	+27.5%	Parent
FYE Mar 2024	1,532	+22.3%	Parent
FYE Mar 2025	1,907	+24.5%	Parent
FYE Mar 2026	2,190	+14.8%	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 665万円

Change · 8 yrs +81万円

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	584	n/a	Parent
FYE Mar 2020	592	+1.4%	Parent
FYE Mar 2021	609	+2.9%	Parent
FYE Mar 2022	620	+1.8%	Parent
FYE Mar 2023	644	+3.9%	Parent
FYE Mar 2024	642	−0.3%	Parent
FYE Mar 2025	649	+1.1%	Parent
FYE Mar 2026	665	+2.5%	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 32.7years

Change · 8 yrs +0.2 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	32.5	n/a	Parent
FYE Mar 2020	32.5	−0.0%	Parent
FYE Mar 2021	32.5	−0.0%	Parent
FYE Mar 2022	32.6	+0.3%	Parent
FYE Mar 2023	32.3	−0.9%	Parent
FYE Mar 2024	32.3	−0.0%	Parent
FYE Mar 2025	32.5	+0.6%	Parent
FYE Mar 2026	32.7	+0.6%	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 3.2years

Change · 8 yrs −0.0 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	3.2	n/a	Parent
FYE Mar 2020	3.0	−6.3%	Parent
FYE Mar 2021	2.9	−3.3%	Parent
FYE Mar 2022	2.7	−6.9%	Parent
FYE Mar 2023	2.7	−0.0%	Parent
FYE Mar 2024	2.8	+3.7%	Parent
FYE Mar 2025	3.0	+7.1%	Parent
FYE Mar 2026	3.2	+6.7%	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 163people

Change · 10 yrs +123 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	40	n/a	n/a
FYE Mar 2018	57	+42.5%	n/a
FYE Mar 2019	62	+8.8%	n/a
FYE Mar 2020	70	+12.9%	n/a
FYE Mar 2021	87	+24.3%	n/a
FYE Mar 2022	116	+33.3%	n/a
FYE Mar 2023	183	+57.8%	n/a
FYE Mar 2024	178	−2.7%	n/a
FYE Mar 2025	174	−2.2%	n/a
FYE Mar 2026	163	−6.3%	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 ¥16.9m

Change · 10 yrs +¥6.0m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	10.9	n/a	Cons.
FYE Mar 2018	11.4	+4.7%	Cons.
FYE Mar 2019	11.7	+2.5%	Cons.
FYE Mar 2020	11.1	−5.0%	Cons.
FYE Mar 2021	12.5	+12.5%	Cons.
FYE Mar 2022	12.0	−4.1%	Cons.
FYE Mar 2023	12.5	+4.0%	Cons.
FYE Mar 2024	15.0	+20.3%	Cons.
FYE Mar 2025	15.8	+5.7%	Cons.
FYE Mar 2026	16.9	+6.6%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥4.9m

Change · 10 yrs +¥2.7m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.2	n/a	Cons.
FYE Mar 2018	2.2	+2.5%	Cons.
FYE Mar 2019	2.0	−11.1%	Cons.
FYE Mar 2020	1.1	−42.8%	Cons.
FYE Mar 2021	3.2	+181.7%	Cons.
FYE Mar 2022	0.9	−71.1%	Cons.
FYE Mar 2023	0.8	−17.8%	Cons.
FYE Mar 2024	2.2	+188.0%	Cons.
FYE Mar 2025	3.3	+52.2%	Cons.
FYE Mar 2026	4.9	+47.2%	Cons.

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

Disclaimer

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

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

Data API

Rakus’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/3923/company.json ·/api/3923/history.json ·/api/3923/ceo.json ·/api/3923/financials.json ·/api/3923/financials/segment.json ·/api/3923/financials/pl.json ·/api/3923/financials/cf.json ·/api/3923/financials/bs.json ·/api/3923/financials/employee.json ·/api/3923/financials/stock.json ·/api/3923/financials.csv ·/api/3923/financials_history.csv

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