Financials

Nissan Chemical: FYE Mar 2026 and ten years of results (52 metrics)

FYE Mar 2026 · Revenue¥280bnYoY +11.2%

FYE Mar 2026 · Operating profit¥64bnYoY +11.8%

FYE Mar 2026 · Net profit¥50bnYoY +15.5%

FYE Mar 2026 · Equity ratio71.9%YoY +1.4pp

FYE Mar 2026 · Group employees3,411YoY +128

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥180bn	n/a	¥31bn	n/a	17.4%	¥24bn	Kinoshita Kojiro	—
FYE Mar 2018Consolidated	¥193bn	+7.3%	¥35bn	+11.3%	18.1%	¥27bn	Kinoshita Kojiro	New subsidiary established in Suzhou, China
FYE Mar 2019Consolidated	¥205bn	+6.0%	¥37bn	+6.0%	18.1%	¥29bn	Kinoshita Kojiro	Trading name changed from Nissan Chemical Industries to Nissan Chemical
FYE Mar 2020Consolidated	¥207bn	+0.9%	¥39bn	+4.2%	18.7%	¥31bn	Kinoshita Kojiro	Quinoxyfen fungicide business acquired from Corteva
FYE Mar 2021Consolidated	¥209bn	+1.1%	¥43bn	+10.0%	20.3%	¥33bn	Kinoshita Kojiro	—
FYE Mar 2022Consolidated	¥208bn	−0.5%	¥51bn	+19.8%	24.5%	¥39bn	Kinoshita Kojiro	—
FYE Mar 2023Consolidated	¥228bn	+9.7%	¥52bn	+2.6%	22.9%	¥41bn	Yagi Shinsuke	Production of melamine, a basic chemical, halted
FYE Mar 2024Consolidated	¥227bn	−0.6%	¥48bn	−7.8%	21.3%	¥38bn	Yagi Shinsuke	Nippon Phosphoric Acid acquired to secure fertiliser feedstock
FYE Mar 2025Consolidated	¥251bn	+10.9%	¥57bn	+17.9%	22.6%	¥43bn	Yagi Shinsuke	—
FYE Mar 2026Consolidated	¥280bn	+11.2%	¥64bn	+11.8%	22.7%	¥50bn	Yagi Shinsuke	—

How it compares

Fujifilm Holdings¥3.36tnFY2025Operating margin 10.4%Nitto Denko¥1.03tnFY2025Operating margin 17.9%Mitsubishi Gas Chemical¥738bnFY2025Operating margin 6.1%

Hitachi ChemicalDelisted 2020

Adeka¥417bnFY2025Operating margin 10.0%

ZEON CORPORATION¥412bnFY2025Operating margin 8.8%

Nippon Shokubai¥400bnFY2025Operating margin 4.4%

LINTEC¥319bnFY2025Operating margin 7.9%

Nissan Chemical¥280bnFY2025Operating margin 22.7%

NOF Corporation¥258bnFY2025Operating margin 18.4%

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 ¥280bn

CAGR · 10 yrs +5.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	180	n/a	Cons. · Japanese GAAP
FYE Mar 2018	193	+7.3%	Cons. · Japanese GAAP
FYE Mar 2019	205	+6.0%	Cons. · Japanese GAAP
FYE Mar 2020	207	+0.9%	Cons. · Japanese GAAP
FYE Mar 2021	209	+1.1%	Cons. · Japanese GAAP
FYE Mar 2022	208	−0.5%	Cons. · Japanese GAAP
FYE Mar 2023	228	+9.7%	Cons. · Japanese GAAP
FYE Mar 2024	227	−0.6%	Cons. · Japanese GAAP
FYE Mar 2025	251	+10.9%	Cons. · Japanese GAAP
FYE Mar 2026	280	+11.2%	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 ¥149bn

CAGR · 10 yrs +3.8%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	106	n/a	Cons. · Japanese GAAP
FYE Mar 2018	114	+7.2%	Cons. · Japanese GAAP
FYE Mar 2019	120	+5.6%	Cons. · Japanese GAAP
FYE Mar 2020	122	+2.1%	Cons. · Japanese GAAP
FYE Mar 2021	121	−0.8%	Cons. · Japanese GAAP
FYE Mar 2022	107	−11.9%	Cons. · Japanese GAAP
FYE Mar 2023	121	+13.5%	Cons. · Japanese GAAP
FYE Mar 2024	122	+0.6%	Cons. · Japanese GAAP
FYE Mar 2025	135	+10.6%	Cons. · Japanese GAAP
FYE Mar 2026	149	+10.3%	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 ¥131bn

CAGR · 10 yrs +6.5%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	74.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	79.9	+7.4%	Cons. · Japanese GAAP
FYE Mar 2019	85.0	+6.4%	Cons. · Japanese GAAP
FYE Mar 2020	84.5	−0.6%	Cons. · Japanese GAAP
FYE Mar 2021	87.7	+3.9%	Cons. · Japanese GAAP
FYE Mar 2022	101	+15.2%	Cons. · Japanese GAAP
FYE Mar 2023	107	+5.7%	Cons. · Japanese GAAP
FYE Mar 2024	105	−1.9%	Cons. · Japanese GAAP
FYE Mar 2025	117	+11.2%	Cons. · Japanese GAAP
FYE Mar 2026	131	+12.4%	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 ¥67bn

CAGR · 10 yrs +5.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	42.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	44.9	+4.5%	Cons. · Japanese GAAP
FYE Mar 2019	47.9	+6.7%	Cons. · Japanese GAAP
FYE Mar 2020	45.8	−4.3%	Cons. · Japanese GAAP
FYE Mar 2021	45.2	−1.3%	Cons. · Japanese GAAP
FYE Mar 2022	50.1	+10.9%	Cons. · Japanese GAAP
FYE Mar 2023	54.5	+8.8%	Cons. · Japanese GAAP
FYE Mar 2024	56.6	+3.8%	Cons. · Japanese GAAP
FYE Mar 2025	59.7	+5.5%	Cons. · Japanese GAAP
FYE Mar 2026	67.4	+12.9%	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 ¥64bn

CAGR · 10 yrs +8.1%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	31.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.0	+11.3%	Cons. · Japanese GAAP
FYE Mar 2019	37.1	+6.0%	Cons. · Japanese GAAP
FYE Mar 2020	38.6	+4.2%	Cons. · Japanese GAAP
FYE Mar 2021	42.5	+10.0%	Cons. · Japanese GAAP
FYE Mar 2022	51.0	+19.8%	Cons. · Japanese GAAP
FYE Mar 2023	52.3	+2.6%	Cons. · Japanese GAAP
FYE Mar 2024	48.2	−7.8%	Cons. · Japanese GAAP
FYE Mar 2025	56.8	+17.9%	Cons. · Japanese GAAP
FYE Mar 2026	63.6	+11.8%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥4.8bn

CAGR · 10 yrs +8.7%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	2.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.9	+30.4%	Cons. · Japanese GAAP
FYE Mar 2019	3.1	+6.4%	Cons. · Japanese GAAP
FYE Mar 2020	2.6	−16.5%	Cons. · Japanese GAAP
FYE Mar 2021	2.8	+6.9%	Cons. · Japanese GAAP
FYE Mar 2022	3.8	+37.0%	Cons. · Japanese GAAP
FYE Mar 2023	5.0	+31.0%	Cons. · Japanese GAAP
FYE Mar 2024	5.3	+5.5%	Cons. · Japanese GAAP
FYE Mar 2025	4.3	−18.5%	Cons. · Japanese GAAP
FYE Mar 2026	4.8	+11.3%	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 ¥2.4bn

CAGR · 10 yrs +2.4%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.7	−14.6%	Cons. · Japanese GAAP
FYE Mar 2019	1.1	−33.8%	Cons. · Japanese GAAP
FYE Mar 2020	1.3	+11.9%	Cons. · Japanese GAAP
FYE Mar 2021	1.4	+14.0%	Cons. · Japanese GAAP
FYE Mar 2022	1.1	−23.6%	Cons. · Japanese GAAP
FYE Mar 2023	1.5	+37.0%	Cons. · Japanese GAAP
FYE Mar 2024	1.9	+24.1%	Cons. · Japanese GAAP
FYE Mar 2025	3.1	+68.3%	Cons. · Japanese GAAP
FYE Mar 2026	2.4	−21.5%	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 ¥66bn

CAGR · 10 yrs +8.5%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	31.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.2	+14.3%	Cons. · Japanese GAAP
FYE Mar 2019	39.1	+7.9%	Cons. · Japanese GAAP
FYE Mar 2020	40.0	+2.3%	Cons. · Japanese GAAP
FYE Mar 2021	43.9	+9.7%	Cons. · Japanese GAAP
FYE Mar 2022	53.7	+22.3%	Cons. · Japanese GAAP
FYE Mar 2023	55.8	+3.9%	Cons. · Japanese GAAP
FYE Mar 2024	51.6	−7.5%	Cons. · Japanese GAAP
FYE Mar 2025	58.0	+12.4%	Cons. · Japanese GAAP
FYE Mar 2026	65.9	+13.6%	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

Average · 9 yrs ¥1.7bn

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	1.8	n/a	Cons. · Japanese GAAP
FYE Mar 2021	1.6	−13.4%	Cons. · Japanese GAAP
FYE Mar 2022	3.4	+112.0%	Cons. · Japanese GAAP
FYE Mar 2023	1.5	−56.6%	Cons. · Japanese GAAP
FYE Mar 2024	1.3	−8.8%	Cons. · Japanese GAAP
FYE Mar 2025	5.3	+300.0%	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)

Extraordinary loss

FYE Mar 2026 n/a

Average · 4 yrs ¥209m

Fiscal year	Extraordinary loss ¥ m	YoY	Basis
FYE Mar 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	834	n/a	Cons. · Japanese GAAP
FYE Mar 2021	n/a	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: 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 ¥50bn

CAGR · 10 yrs +8.4%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	24.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.1	+13.0%	Cons. · Japanese GAAP
FYE Mar 2019	29.4	+8.2%	Cons. · Japanese GAAP
FYE Mar 2020	30.8	+4.8%	Cons. · Japanese GAAP
FYE Mar 2021	33.5	+8.7%	Cons. · Japanese GAAP
FYE Mar 2022	38.8	+15.9%	Cons. · Japanese GAAP
FYE Mar 2023	41.1	+6.0%	Cons. · Japanese GAAP
FYE Mar 2024	38.0	−7.4%	Cons. · Japanese GAAP
FYE Mar 2025	43.0	+13.2%	Cons. · Japanese GAAP
FYE Mar 2026	49.7	+15.5%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 46.8%

Average · 10 yrs 44.2%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	41.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	41.3	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	41.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	40.8	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	42.0	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	48.6	+6.6pp	Cons. · Japanese GAAP
FYE Mar 2023	46.8	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2024	46.2	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	46.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	46.8	+0.5pp	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 22.7%

Average · 10 yrs 20.7%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	17.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.1	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	18.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	18.7	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	20.3	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2022	24.5	+4.2pp	Cons. · Japanese GAAP
FYE Mar 2023	22.9	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2024	21.3	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	22.6	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2026	22.7	+0.1pp	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 23.6%

Average · 10 yrs 21.5%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	17.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.7	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	19.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	19.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	21.0	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2022	25.8	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2023	24.5	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	22.8	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	23.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	23.6	+0.5pp	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 17.8%

Average · 10 yrs 16.1%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	13.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	14.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	14.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	16.0	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	18.6	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2023	18.0	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	16.8	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	17.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	17.8	+0.7pp	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 53.2%

Average · 10 yrs 55.8%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	58.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	58.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	58.5	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	59.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	58.0	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	51.4	−6.6pp	Cons. · Japanese GAAP
FYE Mar 2023	53.2	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2024	53.8	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	53.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	53.2	−0.5pp	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 24.1%

Average · 10 yrs 23.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	23.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.2	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	23.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	22.1	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	21.6	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	24.1	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2023	23.9	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	25.0	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2025	23.8	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	24.1	+0.3pp	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 ¥355bn

CAGR · 10 yrs +4.9%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	232	n/a	Cons. · Japanese GAAP
FYE Mar 2018	246	+6.2%	Cons. · Japanese GAAP
FYE Mar 2019	247	+0.4%	Cons. · Japanese GAAP
FYE Mar 2020	250	+1.0%	Cons. · Japanese GAAP
FYE Mar 2021	266	+6.4%	Cons. · Japanese GAAP
FYE Mar 2022	280	+5.4%	Cons. · Japanese GAAP
FYE Mar 2023	299	+6.8%	Cons. · Japanese GAAP
FYE Mar 2024	323	+8.3%	Cons. · Japanese GAAP
FYE Mar 2025	331	+2.3%	Cons. · Japanese GAAP
FYE Mar 2026	355	+7.4%	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 ¥255bn

CAGR · 10 yrs +5.2%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	162	n/a	Cons. · Japanese GAAP
FYE Mar 2018	175	+7.7%	Cons. · Japanese GAAP
FYE Mar 2019	180	+3.3%	Cons. · Japanese GAAP
FYE Mar 2020	184	+2.0%	Cons. · Japanese GAAP
FYE Mar 2021	199	+8.1%	Cons. · Japanese GAAP
FYE Mar 2022	206	+3.6%	Cons. · Japanese GAAP
FYE Mar 2023	218	+6.1%	Cons. · Japanese GAAP
FYE Mar 2024	228	+4.1%	Cons. · Japanese GAAP
FYE Mar 2025	233	+2.5%	Cons. · Japanese GAAP
FYE Mar 2026	255	+9.4%	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 ¥20bn

CAGR · 10 yrs −3.5%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	27.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	26.0	−6.1%	Cons. · Japanese GAAP
FYE Mar 2019	24.7	−5.1%	Cons. · Japanese GAAP
FYE Mar 2020	24.0	−3.0%	Cons. · Japanese GAAP
FYE Mar 2021	22.1	−7.7%	Cons. · Japanese GAAP
FYE Mar 2022	22.2	+0.2%	Cons. · Japanese GAAP
FYE Mar 2023	26.7	+20.3%	Cons. · Japanese GAAP
FYE Mar 2024	40.3	+51.3%	Cons. · Japanese GAAP
FYE Mar 2025	21.0	−48.0%	Cons. · Japanese GAAP
FYE Mar 2026	20.1	−4.3%	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 ¥20bn

CAGR · 10 yrs −1.8%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	23.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.6	+1.9%	Cons. · Japanese GAAP
FYE Mar 2019	23.6	+0.1%	Cons. · Japanese GAAP
FYE Mar 2020	22.9	−3.0%	Cons. · Japanese GAAP
FYE Mar 2021	20.9	−8.6%	Cons. · Japanese GAAP
FYE Mar 2022	21.0	+0.2%	Cons. · Japanese GAAP
FYE Mar 2023	25.3	+20.7%	Cons. · Japanese GAAP
FYE Mar 2024	39.1	+54.2%	Cons. · Japanese GAAP
FYE Mar 2025	20.0	−48.8%	Cons. · Japanese GAAP
FYE Mar 2026	19.7	−1.5%	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 ¥0.4bn

CAGR · 10 yrs −28.2%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.0	−34.6%	Cons. · Japanese GAAP
FYE Mar 2019	3.0	−40.5%	Cons. · Japanese GAAP
FYE Mar 2020	1.7	−42.3%	Cons. · Japanese GAAP
FYE Mar 2021	1.7	+1.2%	Cons. · Japanese GAAP
FYE Mar 2022	1.7	−0.1%	Cons. · Japanese GAAP
FYE Mar 2023	2.0	+13.1%	Cons. · Japanese GAAP
FYE Mar 2024	1.9	−2.2%	Cons. · Japanese GAAP
FYE Mar 2025	1.5	−22.3%	Cons. · Japanese GAAP
FYE Mar 2026	0.4	−74.0%	Cons. · Japanese GAAP

Definition: Borrowings repayable in more than a year
Formula: Long-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Bonds

FYE Mar 2026 n/a

Average · 9 yrs ¥1.1bn

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	10.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

Definition: Bonds outstanding
Formula: Bonds line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥13bn

CAGR · 10 yrs +26.2%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.8	+12.1%	Cons. · Japanese GAAP
FYE Mar 2019	1.5	−14.2%	Cons. · Japanese GAAP
FYE Mar 2020	7.4	+386.4%	Cons. · Japanese GAAP
FYE Mar 2021	12.1	+64.4%	Cons. · Japanese GAAP
FYE Mar 2022	11.8	−2.9%	Cons. · Japanese GAAP
FYE Mar 2023	11.5	−2.1%	Cons. · Japanese GAAP
FYE Mar 2024	10.7	−6.8%	Cons. · Japanese GAAP
FYE Mar 2025	13.5	+25.3%	Cons. · Japanese GAAP
FYE Mar 2026	12.8	−5.1%	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 n/a

Average · 9 yrs ¥0.0m

Fiscal year	Goodwill ¥ m	YoY	Basis
FYE Mar 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	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 71.9%

Average · 10 yrs 72.2%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	69.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	71.0	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	73.0	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	73.7	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	74.9	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2022	73.6	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2023	73.1	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	70.3	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2025	70.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	71.9	+1.4pp	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 7.9%

Average · 10 yrs 12.7%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	17.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.9	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2019	13.7	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	13.0	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	11.1	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2022	10.8	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	12.2	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	17.7	+5.5pp	Cons. · Japanese GAAP
FYE Mar 2025	9.0	−8.7pp	Cons. · Japanese GAAP
FYE Mar 2026	7.9	−1.1pp	Cons. · Japanese GAAP

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

ROE return on equity

FYE Mar 2026 19.5%

Average · 10 yrs 17.2%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	14.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.5	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	16.3	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	16.7	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	16.8	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	18.8	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2023	18.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	16.7	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2025	18.5	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2026	19.5	+1.0pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 14.0%

Average · 10 yrs 12.5%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	10.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	11.9	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	12.3	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	12.6	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	13.9	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2023	13.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	11.8	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2025	13.0	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2026	14.0	+1.0pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.79×

CAGR · 10 yrs +0.1%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.78	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.79	+1.0%	Cons. · Japanese GAAP
FYE Mar 2019	0.83	+5.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.83	−0.1%	Cons. · Japanese GAAP
FYE Mar 2021	0.79	−5.0%	Cons. · Japanese GAAP
FYE Mar 2022	0.74	−5.6%	Cons. · Japanese GAAP
FYE Mar 2023	0.76	+2.7%	Cons. · Japanese GAAP
FYE Mar 2024	0.70	−8.2%	Cons. · Japanese GAAP
FYE Mar 2025	0.76	+8.4%	Cons. · Japanese GAAP
FYE Mar 2026	0.79	+3.6%	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 ¥64bn

CAGR · 10 yrs +7.9%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	32.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	37.7	+16.0%	Cons. · Japanese GAAP
FYE Mar 2019	32.1	−14.9%	Cons. · Japanese GAAP
FYE Mar 2020	35.6	+10.9%	Cons. · Japanese GAAP
FYE Mar 2021	39.9	+12.3%	Cons. · Japanese GAAP
FYE Mar 2022	41.9	+5.0%	Cons. · Japanese GAAP
FYE Mar 2023	35.2	−16.0%	Cons. · Japanese GAAP
FYE Mar 2024	33.7	−4.3%	Cons. · Japanese GAAP
FYE Mar 2025	59.2	+75.6%	Cons. · Japanese GAAP
FYE Mar 2026	64.2	+8.4%	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 -¥21bn

Average · 10 yrs -¥16bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-13.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-15.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-10.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-15.6	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-12.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-12.4	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-19.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-18.7	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-17.6	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-21.2	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 -¥36bn

Average · 10 yrs -¥26bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-19.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-20.3	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-22.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-25.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-25.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-27.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-25.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-22.1	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-35.7	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-36.2	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 ¥36bn

CAGR · 10 yrs +0.0%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	35.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	37.7	+5.6%	Cons. · Japanese GAAP
FYE Mar 2019	36.2	−4.0%	Cons. · Japanese GAAP
FYE Mar 2020	30.6	−15.3%	Cons. · Japanese GAAP
FYE Mar 2021	32.4	+5.7%	Cons. · Japanese GAAP
FYE Mar 2022	34.7	+7.0%	Cons. · Japanese GAAP
FYE Mar 2023	29.6	−14.5%	Cons. · Japanese GAAP
FYE Mar 2024	22.7	−23.3%	Cons. · Japanese GAAP
FYE Mar 2025	27.5	+20.7%	Cons. · Japanese GAAP
FYE Mar 2026	35.7	+30.1%	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 ¥43bn

CAGR · 10 yrs +9.3%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	19.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.4	+16.1%	Cons. · Japanese GAAP
FYE Mar 2019	21.2	−5.6%	Cons. · Japanese GAAP
FYE Mar 2020	19.9	−5.9%	Cons. · Japanese GAAP
FYE Mar 2021	27.1	+35.9%	Cons. · Japanese GAAP
FYE Mar 2022	29.6	+9.1%	Cons. · Japanese GAAP
FYE Mar 2023	15.6	−47.3%	Cons. · Japanese GAAP
FYE Mar 2024	15.0	−4.0%	Cons. · Japanese GAAP
FYE Mar 2025	41.6	+177.8%	Cons. · Japanese GAAP
FYE Mar 2026	43.0	+3.4%	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 22.9%

Average · 10 yrs 18.6%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	18.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.5	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	15.7	−3.8pp	Cons. · Japanese GAAP
FYE Mar 2020	17.2	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2021	19.1	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2022	20.2	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	15.4	−4.7pp	Cons. · Japanese GAAP
FYE Mar 2024	14.9	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	23.5	+8.7pp	Cons. · Japanese GAAP
FYE Mar 2026	22.9	−0.6pp	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 ¥16bn

CAGR · 10 yrs +7.8%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	8.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.7	+46.4%	Cons. · Japanese GAAP
FYE Mar 2019	11.5	−1.7%	Cons. · Japanese GAAP
FYE Mar 2020	6.7	−41.9%	Cons. · Japanese GAAP
FYE Mar 2021	10.3	+53.9%	Cons. · Japanese GAAP
FYE Mar 2022	12.5	+21.8%	Cons. · Japanese GAAP
FYE Mar 2023	3.0	−76.1%	Cons. · Japanese GAAP
FYE Mar 2024	-17.6	−690.5%	Cons. · Japanese GAAP
FYE Mar 2025	6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2026	15.7	+141.3%	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 ¥808bn

Change · 10 yrs +¥309bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	499	n/a
FYE Mar 2018	667	n/a
FYE Mar 2019	755	n/a
FYE Mar 2020	575	n/a
FYE Mar 2021	857	n/a
FYE Mar 2022	1,034	n/a
FYE Mar 2023	846	n/a
FYE Mar 2024	794	n/a
FYE Mar 2025	608	n/a
FYE Mar 2026	808	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 5,995¥

Change · 10 yrs +2,755¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	3,240	n/a
FYE Mar 2018	4,419	n/a
FYE Mar 2019	5,070	n/a
FYE Mar 2020	3,939	n/a
FYE Mar 2021	5,909	n/a
FYE Mar 2022	7,229	n/a
FYE Mar 2023	5,990	n/a
FYE Mar 2024	5,724	n/a
FYE Mar 2025	4,442	n/a
FYE Mar 2026	5,995	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 134,800,000shares

Change · 10 yrs −19,200,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	154,000,000	Parent
FYE Mar 2018	151,000,000	Parent
FYE Mar 2019	149,000,000	Parent
FYE Mar 2020	146,000,000	Parent
FYE Mar 2021	145,000,000	Parent
FYE Mar 2022	143,000,000	Parent
FYE Mar 2023	141,300,000	Parent
FYE Mar 2024	138,800,000	Parent
FYE Mar 2025	136,800,000	Parent
FYE Mar 2026	134,800,000	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 368.26¥

Change · 10 yrs +211.29¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	156.97	Cons.
FYE Mar 2018	180.30	Cons.
FYE Mar 2019	197.67	Cons.
FYE Mar 2020	210.09	Cons.
FYE Mar 2021	231.73	Cons.
FYE Mar 2022	271.88	Cons.
FYE Mar 2023	291.36	Cons.
FYE Mar 2024	272.82	Cons.
FYE Mar 2025	313.26	Cons.
FYE Mar 2026	368.26	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 1,893.66¥

Change · 10 yrs +841.44¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,052.21	Cons. · Japanese GAAP
FYE Mar 2018	1,156.20	Cons. · Japanese GAAP
FYE Mar 2019	1,210.38	Cons. · Japanese GAAP
FYE Mar 2020	1,259.71	Cons. · Japanese GAAP
FYE Mar 2021	1,371.57	Cons. · Japanese GAAP
FYE Mar 2022	1,440.29	Cons. · Japanese GAAP
FYE Mar 2023	1,546.13	Cons. · Japanese GAAP
FYE Mar 2024	1,639.19	Cons. · Japanese GAAP
FYE Mar 2025	1,705.34	Cons. · Japanese GAAP
FYE Mar 2026	1,893.66	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 16.28×

Average · 10 yrs 21.36×

Fiscal year	PER ×	Basis
FYE Mar 2017	20.64	Cons.
FYE Mar 2018	24.51	Cons.
FYE Mar 2019	25.65	Cons.
FYE Mar 2020	18.75	Cons.
FYE Mar 2021	25.50	Cons.
FYE Mar 2022	26.59	Cons.
FYE Mar 2023	20.56	Cons.
FYE Mar 2024	20.98	Cons.
FYE Mar 2025	14.18	Cons.
FYE Mar 2026	16.28	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 3.15×

Average · 10 yrs 3.64×

Fiscal year	PBR ×	Basis
FYE Mar 2017	3.03	Cons.
FYE Mar 2018	3.78	Cons.
FYE Mar 2019	4.15	Cons.
FYE Mar 2020	3.12	Cons.
FYE Mar 2021	4.27	Cons.
FYE Mar 2022	4.97	Cons.
FYE Mar 2023	3.85	Cons.
FYE Mar 2024	3.49	Cons.
FYE Mar 2025	2.59	Cons.
FYE Mar 2026	3.15	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 3,411people

Change · 10 yrs +1,009 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	2,402	n/a	Cons.
FYE Mar 2018	2,511	+4.5%	Cons.
FYE Mar 2019	2,583	+2.9%	Cons.
FYE Mar 2020	2,640	+2.2%	Cons.
FYE Mar 2021	2,688	+1.8%	Cons.
FYE Mar 2022	2,737	+1.8%	Cons.
FYE Mar 2023	2,965	+8.3%	Cons.
FYE Mar 2024	3,137	+5.8%	Cons.
FYE Mar 2025	3,283	+4.7%	Cons.
FYE Mar 2026	3,411	+3.9%	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 2,107people

Change · 10 yrs +335 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	1,772	n/a	Parent
FYE Mar 2018	1,819	+2.7%	Parent
FYE Mar 2019	1,861	+2.3%	Parent
FYE Mar 2020	1,890	+1.6%	Parent
FYE Mar 2021	1,924	+1.8%	Parent
FYE Mar 2022	1,929	+0.3%	Parent
FYE Mar 2023	1,959	+1.6%	Parent
FYE Mar 2024	2,011	+2.7%	Parent
FYE Mar 2025	2,044	+1.6%	Parent
FYE Mar 2026	2,107	+3.1%	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 871万円

Change · 10 yrs +86万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	784	n/a	Parent
FYE Mar 2018	794	+1.2%	Parent
FYE Mar 2019	796	+0.2%	Parent
FYE Mar 2020	803	+0.9%	Parent
FYE Mar 2021	807	+0.5%	Parent
FYE Mar 2022	815	+1.0%	Parent
FYE Mar 2023	826	+1.4%	Parent
FYE Mar 2024	844	+2.2%	Parent
FYE Mar 2025	845	+0.2%	Parent
FYE Mar 2026	871	+3.0%	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 40.8years

Change · 8 yrs +0.8 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	40.0	n/a	Parent
FYE Mar 2020	40.0	−0.0%	Parent
FYE Mar 2021	40.0	−0.0%	Parent
FYE Mar 2022	40.2	+0.5%	Parent
FYE Mar 2023	40.2	−0.0%	Parent
FYE Mar 2024	40.4	+0.5%	Parent
FYE Mar 2025	40.6	+0.5%	Parent
FYE Mar 2026	40.8	+0.5%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Mar 2026 15.9years

Change · 10 yrs −0.3 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	16.2	n/a	Parent
FYE Mar 2018	15.9	−1.9%	Parent
FYE Mar 2019	15.8	−0.6%	Parent
FYE Mar 2020	15.7	−0.6%	Parent
FYE Mar 2021	15.7	−0.0%	Parent
FYE Mar 2022	15.8	+0.6%	Parent
FYE Mar 2023	15.7	−0.6%	Parent
FYE Mar 2024	15.7	−0.0%	Parent
FYE Mar 2025	15.8	+0.6%	Parent
FYE Mar 2026	15.9	+0.6%	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 334people

Change · 10 yrs +21 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	313	n/a	n/a
FYE Mar 2018	303	−3.2%	n/a
FYE Mar 2019	312	+3.0%	n/a
FYE Mar 2020	324	+3.8%	n/a
FYE Mar 2021	321	−0.9%	n/a
FYE Mar 2022	336	+4.7%	n/a
FYE Mar 2023	352	+4.8%	n/a
FYE Mar 2024	357	+1.4%	n/a
FYE Mar 2025	347	−2.8%	n/a
FYE Mar 2026	334	−3.7%	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 ¥82.0m

Change · 10 yrs +¥6.9m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	75.1	n/a	Cons.
FYE Mar 2018	77.0	+2.6%	Cons.
FYE Mar 2019	79.3	+3.0%	Cons.
FYE Mar 2020	78.3	−1.2%	Cons.
FYE Mar 2021	77.8	−0.7%	Cons.
FYE Mar 2022	76.0	−2.3%	Cons.
FYE Mar 2023	76.9	+1.2%	Cons.
FYE Mar 2024	72.3	−6.0%	Cons.
FYE Mar 2025	76.6	+5.9%	Cons.
FYE Mar 2026	82.0	+7.1%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥18.6m

Change · 10 yrs +¥5.5m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	13.1	n/a	Cons.
FYE Mar 2018	13.9	+6.5%	Cons.
FYE Mar 2019	14.4	+3.1%	Cons.
FYE Mar 2020	14.6	+1.9%	Cons.
FYE Mar 2021	15.8	+8.1%	Cons.
FYE Mar 2022	18.6	+17.7%	Cons.
FYE Mar 2023	17.6	−5.3%	Cons.
FYE Mar 2024	15.4	−12.9%	Cons.
FYE Mar 2025	17.3	+12.7%	Cons.
FYE Mar 2026	18.6	+7.6%	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

Nissan Chemical’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/4021/company.json ·/api/4021/history.json ·/api/4021/ceo.json ·/api/4021/financials.json ·/api/4021/financials/segment.json ·/api/4021/financials/pl.json ·/api/4021/financials/cf.json ·/api/4021/financials/bs.json ·/api/4021/financials/employee.json ·/api/4021/financials/stock.json ·/api/4021/financials.csv ·/api/4021/financials_history.csv

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