Financials

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

FYE Mar 2026 · Revenue¥349bnYoY +1.9%

FYE Mar 2026 · Operating profit¥37bnYoY +23.5%

FYE Mar 2026 · Net profit¥22bnYoY −5.1%

FYE Mar 2026 · Equity ratio50.8%YoY −4.1pp

FYE Mar 2026 · Group employees6,390YoY +608

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥299bn	n/a	¥39bn	n/a	12.9%	¥52bn	Yokota Hiroshi	Net loss of ¥100.6bn and extraordinary losses of ¥125.7bn
FYE Mar 2018Consolidated	¥308bn	+3.0%	¥41bn	+7.1%	13.4%	¥20bn	Yokota Hiroshi	Entire shareholding in Tokuyama Malaysia transferred to OCI of South Korea
FYE Mar 2019Consolidated	¥325bn	+5.4%	¥35bn	−14.6%	10.9%	¥34bn	Yokota Hiroshi	Tokuyama Kairiku Unso acquired, bringing logistics in-house
FYE Mar 2020Consolidated	¥316bn	−2.6%	¥34bn	−2.8%	10.8%	¥20bn	Yokota Hiroshi	—
FYE Mar 2021Consolidated	¥302bn	−4.3%	¥31bn	−9.8%	10.2%	¥25bn	Yokota Hiroshi	—
FYE Mar 2022Consolidated	¥294bn	−2.8%	¥25bn	−20.6%	8.4%	¥28bn	Yokota Hiroshi	—
FYE Mar 2023Consolidated	¥352bn	+19.7%	¥14bn	−41.6%	4.1%	¥9.4bn	Yokota Hiroshi	—
FYE Mar 2024Consolidated	¥342bn	−2.8%	¥26bn	+78.8%	7.5%	¥18bn	Yokota Hiroshi	—
FYE Mar 2025Consolidated	¥343bn	+0.3%	¥30bn	+16.9%	8.7%	¥23bn	Yokota Hiroshi	—
FYE Mar 2026Consolidated	¥349bn	+1.9%	¥37bn	+23.5%	10.6%	¥22bn	Yokota Hiroshi	—

How it compares

Mitsubishi Chemical Group¥3.70tnFY2025Operating margin 0.8%Shin-Etsu Chemical¥2.57tnFY2025Operating margin 24.7%Sumitomo Chemical¥2.33tnFY2025Operating margin 6.5%

Mitsubishi Chemical CorporationDelisted 2005

Mitsui Chemicals¥1.67tnFY2025Operating margin 4.4%Resonac Holdings¥1.35tnFY2025Operating margin 3.5%Sekisui Chemical¥1.31tnFY2025Operating margin 8.1%Tosoh¥1.02tnFY2025Operating margin 9.4%KANEKA CORPORATION¥812bnFY2025Operating margin 4.1%Daicel¥580bnFY2025Operating margin 7.3%

Tokuyama¥349bnFY2025Operating margin 10.6%

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 ¥349bn

CAGR · 10 yrs +1.7%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	299	n/a	Cons. · Japanese GAAP
FYE Mar 2018	308	+3.0%	Cons. · Japanese GAAP
FYE Mar 2019	325	+5.4%	Cons. · Japanese GAAP
FYE Mar 2020	316	−2.6%	Cons. · Japanese GAAP
FYE Mar 2021	302	−4.3%	Cons. · Japanese GAAP
FYE Mar 2022	294	−2.8%	Cons. · Japanese GAAP
FYE Mar 2023	352	+19.7%	Cons. · Japanese GAAP
FYE Mar 2024	342	−2.8%	Cons. · Japanese GAAP
FYE Mar 2025	343	+0.3%	Cons. · Japanese GAAP
FYE Mar 2026	349	+1.9%	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 ¥225bn

CAGR · 10 yrs +1.2%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	202	n/a	Cons. · Japanese GAAP
FYE Mar 2018	208	+2.6%	Cons. · Japanese GAAP
FYE Mar 2019	227	+9.1%	Cons. · Japanese GAAP
FYE Mar 2020	217	−4.1%	Cons. · Japanese GAAP
FYE Mar 2021	207	−4.7%	Cons. · Japanese GAAP
FYE Mar 2022	198	−4.3%	Cons. · Japanese GAAP
FYE Mar 2023	261	+31.5%	Cons. · Japanese GAAP
FYE Mar 2024	242	−7.1%	Cons. · Japanese GAAP
FYE Mar 2025	235	−3.1%	Cons. · Japanese GAAP
FYE Mar 2026	225	−4.4%	Cons. · Japanese GAAP

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

Gross profit

FYE Mar 2026 ¥125bn

CAGR · 10 yrs +2.9%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	96.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	100	+3.9%	Cons. · Japanese GAAP
FYE Mar 2019	98.0	−2.3%	Cons. · Japanese GAAP
FYE Mar 2020	98.7	+0.7%	Cons. · Japanese GAAP
FYE Mar 2021	95.2	−3.5%	Cons. · Japanese GAAP
FYE Mar 2022	95.4	+0.3%	Cons. · Japanese GAAP
FYE Mar 2023	90.8	−4.9%	Cons. · Japanese GAAP
FYE Mar 2024	99.5	+9.6%	Cons. · Japanese GAAP
FYE Mar 2025	108	+8.7%	Cons. · Japanese GAAP
FYE Mar 2026	125	+15.5%	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 ¥88bn

CAGR · 10 yrs +4.7%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	58.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	59.1	+1.7%	Cons. · Japanese GAAP
FYE Mar 2019	62.7	+6.2%	Cons. · Japanese GAAP
FYE Mar 2020	64.4	+2.6%	Cons. · Japanese GAAP
FYE Mar 2021	64.2	−0.2%	Cons. · Japanese GAAP
FYE Mar 2022	70.9	+10.3%	Cons. · Japanese GAAP
FYE Mar 2023	76.4	+7.9%	Cons. · Japanese GAAP
FYE Mar 2024	73.9	−3.4%	Cons. · Japanese GAAP
FYE Mar 2025	78.2	+5.8%	Cons. · Japanese GAAP
FYE Mar 2026	87.9	+12.5%	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 ¥37bn

CAGR · 10 yrs −0.4%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	38.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	41.3	+7.1%	Cons. · Japanese GAAP
FYE Mar 2019	35.3	−14.6%	Cons. · Japanese GAAP
FYE Mar 2020	34.3	−2.8%	Cons. · Japanese GAAP
FYE Mar 2021	30.9	−9.8%	Cons. · Japanese GAAP
FYE Mar 2022	24.5	−20.6%	Cons. · Japanese GAAP
FYE Mar 2023	14.3	−41.6%	Cons. · Japanese GAAP
FYE Mar 2024	25.6	+78.8%	Cons. · Japanese GAAP
FYE Mar 2025	30.0	+16.9%	Cons. · Japanese GAAP
FYE Mar 2026	37.0	+23.5%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥7.9bn

CAGR · 10 yrs +10.7%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	3.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.6	+47.0%	Cons. · Japanese GAAP
FYE Mar 2019	4.8	+3.4%	Cons. · Japanese GAAP
FYE Mar 2020	4.1	−14.5%	Cons. · Japanese GAAP
FYE Mar 2021	5.2	+26.0%	Cons. · Japanese GAAP
FYE Mar 2022	6.9	+33.3%	Cons. · Japanese GAAP
FYE Mar 2023	6.2	−9.9%	Cons. · Japanese GAAP
FYE Mar 2024	5.4	−13.1%	Cons. · Japanese GAAP
FYE Mar 2025	6.0	+11.2%	Cons. · Japanese GAAP
FYE Mar 2026	7.9	+31.2%	Cons. · Japanese GAAP

Definition: Income from outside the core business
Formula: Non-operating income line of the income statement
Source: Securities report (XBRL)

Non-operating expenses

FYE Mar 2026 ¥6.7bn

CAGR · 10 yrs −1.5%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.7	+26.3%	Cons. · Japanese GAAP
FYE Mar 2019	6.7	−31.4%	Cons. · Japanese GAAP
FYE Mar 2020	5.5	−16.7%	Cons. · Japanese GAAP
FYE Mar 2021	5.3	−4.5%	Cons. · Japanese GAAP
FYE Mar 2022	5.6	+5.3%	Cons. · Japanese GAAP
FYE Mar 2023	5.8	+3.4%	Cons. · Japanese GAAP
FYE Mar 2024	4.7	−17.7%	Cons. · Japanese GAAP
FYE Mar 2025	6.4	+34.5%	Cons. · Japanese GAAP
FYE Mar 2026	6.7	+4.9%	Cons. · Japanese GAAP

Definition: Costs arising outside the core business
Formula: Non-operating expenses line of the income statement
Source: Securities report (XBRL)

Ordinary profit keijo rieki

FYE Mar 2026 ¥38bn

CAGR · 10 yrs +1.3%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	34.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.2	+6.5%	Cons. · Japanese GAAP
FYE Mar 2019	33.4	−7.7%	Cons. · Japanese GAAP
FYE Mar 2020	32.8	−1.7%	Cons. · Japanese GAAP
FYE Mar 2021	30.8	−6.2%	Cons. · Japanese GAAP
FYE Mar 2022	25.9	−16.0%	Cons. · Japanese GAAP
FYE Mar 2023	14.8	−42.8%	Cons. · Japanese GAAP
FYE Mar 2024	26.3	+77.9%	Cons. · Japanese GAAP
FYE Mar 2025	29.6	+12.5%	Cons. · Japanese GAAP
FYE Mar 2026	38.2	+29.1%	Cons. · Japanese GAAP

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

Extraordinary income

FYE Mar 2026 ¥4.3bn

CAGR · 10 yrs −5.7%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	7.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.5	+16.6%	Cons. · Japanese GAAP
FYE Mar 2019	7.4	−13.8%	Cons. · Japanese GAAP
FYE Mar 2020	0.9	−88.3%	Cons. · Japanese GAAP
FYE Mar 2021	3.2	+269.3%	Cons. · Japanese GAAP
FYE Mar 2022	3.1	−1.6%	Cons. · Japanese GAAP
FYE Mar 2023	0.5	−85.0%	Cons. · Japanese GAAP
FYE Mar 2024	0.9	+90.6%	Cons. · Japanese GAAP
FYE Mar 2025	4.0	+351.7%	Cons. · Japanese GAAP
FYE Mar 2026	4.3	+6.7%	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 ¥22bn

CAGR · 10 yrs −9.1%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	52.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.7	−62.2%	Cons. · Japanese GAAP
FYE Mar 2019	34.3	+74.0%	Cons. · Japanese GAAP
FYE Mar 2020	19.9	−41.8%	Cons. · Japanese GAAP
FYE Mar 2021	24.5	+23.1%	Cons. · Japanese GAAP
FYE Mar 2022	28.0	+14.1%	Cons. · Japanese GAAP
FYE Mar 2023	9.4	−66.6%	Cons. · Japanese GAAP
FYE Mar 2024	17.8	+89.6%	Cons. · Japanese GAAP
FYE Mar 2025	23.4	+31.8%	Cons. · Japanese GAAP
FYE Mar 2026	22.2	−5.1%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 35.8%

Average · 10 yrs 31.2%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	32.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	32.6	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	30.2	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2020	31.2	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	31.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	32.5	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	25.8	−6.7pp	Cons. · Japanese GAAP
FYE Mar 2024	29.1	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2025	31.5	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2026	35.8	+4.2pp	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 10.6%

Average · 10 yrs 9.7%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	12.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	10.9	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2020	10.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	10.2	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	8.4	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2023	4.1	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2024	7.5	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2025	8.7	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	10.6	+1.9pp	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 10.9%

Average · 10 yrs 9.4%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	11.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.7	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	10.3	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2020	10.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	10.2	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	8.8	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2023	4.2	−4.6pp	Cons. · Japanese GAAP
FYE Mar 2024	7.7	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2025	8.6	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	10.9	+2.3pp	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 6.4%

Average · 10 yrs 7.9%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	17.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.4	−11.0pp	Cons. · Japanese GAAP
FYE Mar 2019	10.6	+4.2pp	Cons. · Japanese GAAP
FYE Mar 2020	6.3	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2021	8.1	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2022	9.5	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2023	2.7	−6.9pp	Cons. · Japanese GAAP
FYE Mar 2024	5.2	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2025	6.8	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2026	6.4	−0.5pp	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 64.2%

Average · 10 yrs 68.8%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	67.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	67.4	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	69.8	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2020	68.8	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	68.5	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	67.5	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	74.2	+6.7pp	Cons. · Japanese GAAP
FYE Mar 2024	70.9	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2025	68.5	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2026	64.2	−4.2pp	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 25.2%

Average · 10 yrs 21.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	19.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.2	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	19.3	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	20.4	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	21.2	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	24.1	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2023	21.7	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2024	21.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	22.8	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	25.2	+2.4pp	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 ¥557bn

CAGR · 10 yrs +3.1%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	424	n/a	Cons. · Japanese GAAP
FYE Mar 2018	362	−14.7%	Cons. · Japanese GAAP
FYE Mar 2019	380	+4.9%	Cons. · Japanese GAAP
FYE Mar 2020	383	+1.0%	Cons. · Japanese GAAP
FYE Mar 2021	387	+0.9%	Cons. · Japanese GAAP
FYE Mar 2022	433	+12.0%	Cons. · Japanese GAAP
FYE Mar 2023	478	+10.4%	Cons. · Japanese GAAP
FYE Mar 2024	457	−4.4%	Cons. · Japanese GAAP
FYE Mar 2025	476	+4.1%	Cons. · Japanese GAAP
FYE Mar 2026	557	+17.1%	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 ¥283bn

CAGR · 10 yrs +9.3%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	127	n/a	Cons. · Japanese GAAP
FYE Mar 2018	126	−1.1%	Cons. · Japanese GAAP
FYE Mar 2019	153	+21.6%	Cons. · Japanese GAAP
FYE Mar 2020	169	+10.5%	Cons. · Japanese GAAP
FYE Mar 2021	199	+17.6%	Cons. · Japanese GAAP
FYE Mar 2022	225	+13.1%	Cons. · Japanese GAAP
FYE Mar 2023	229	+2.2%	Cons. · Japanese GAAP
FYE Mar 2024	249	+8.6%	Cons. · Japanese GAAP
FYE Mar 2025	262	+4.9%	Cons. · Japanese GAAP
FYE Mar 2026	283	+8.2%	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 ¥98bn

CAGR · 10 yrs −5.4%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	163	n/a	Cons. · Japanese GAAP
FYE Mar 2018	122	−25.0%	Cons. · Japanese GAAP
FYE Mar 2019	114	−6.8%	Cons. · Japanese GAAP
FYE Mar 2020	97.3	−14.4%	Cons. · Japanese GAAP
FYE Mar 2021	84.7	−13.0%	Cons. · Japanese GAAP
FYE Mar 2022	68.4	−19.2%	Cons. · Japanese GAAP
FYE Mar 2023	121	+76.6%	Cons. · Japanese GAAP
FYE Mar 2024	67.5	−44.1%	Cons. · Japanese GAAP
FYE Mar 2025	66.1	−2.1%	Cons. · Japanese GAAP
FYE Mar 2026	98.3	+48.8%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Mar 2026 ¥5.9bn

CAGR · 10 yrs +11.9%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	2.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.5	+19.2%	Cons. · Japanese GAAP
FYE Mar 2019	4.4	+71.1%	Cons. · Japanese GAAP
FYE Mar 2020	3.1	−29.3%	Cons. · Japanese GAAP
FYE Mar 2021	1.9	−40.0%	Cons. · Japanese GAAP
FYE Mar 2022	0.5	−75.0%	Cons. · Japanese GAAP
FYE Mar 2023	2.5	+438.0%	Cons. · Japanese GAAP
FYE Mar 2024	19.2	+672.1%	Cons. · Japanese GAAP
FYE Mar 2025	6.4	−66.5%	Cons. · Japanese GAAP
FYE Mar 2026	5.9	−8.7%	Cons. · Japanese GAAP

Definition: Borrowings repayable within a year
Formula: Short-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Long-term borrowings

FYE Mar 2026 ¥92bn

CAGR · 10 yrs −6.9%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	176	n/a	Cons. · Japanese GAAP
FYE Mar 2018	135	−23.1%	Cons. · Japanese GAAP
FYE Mar 2019	122	−9.7%	Cons. · Japanese GAAP
FYE Mar 2020	110	−9.6%	Cons. · Japanese GAAP
FYE Mar 2021	91.7	−16.9%	Cons. · Japanese GAAP
FYE Mar 2022	88.8	−3.2%	Cons. · Japanese GAAP
FYE Mar 2023	120	+34.9%	Cons. · Japanese GAAP
FYE Mar 2024	65.5	−45.3%	Cons. · Japanese GAAP
FYE Mar 2025	62.7	−4.3%	Cons. · Japanese GAAP
FYE Mar 2026	92.4	+47.5%	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

CAGR · 6 yrs +0.3%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	34.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.6	−95.3%	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	15.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	15.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	15.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2025	35.0	+133.3%	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 ¥63bn

CAGR · 10 yrs +33.2%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	4.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.8	−42.2%	Cons. · Japanese GAAP
FYE Mar 2019	2.0	−28.7%	Cons. · Japanese GAAP
FYE Mar 2020	1.7	−16.0%	Cons. · Japanese GAAP
FYE Mar 2021	1.9	+13.6%	Cons. · Japanese GAAP
FYE Mar 2022	2.7	+42.5%	Cons. · Japanese GAAP
FYE Mar 2023	3.5	+29.2%	Cons. · Japanese GAAP
FYE Mar 2024	3.5	−0.1%	Cons. · Japanese GAAP
FYE Mar 2025	4.2	+21.6%	Cons. · Japanese GAAP
FYE Mar 2026	63.2	+1401.7%	Cons. · Japanese GAAP

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

Goodwill

FYE Mar 2026 ¥59bn

CAGR · 10 yrs +42.9%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	2.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.2	−51.1%	Cons. · Japanese GAAP
FYE Mar 2019	0.2	−82.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.0	−98.6%	Cons. · Japanese GAAP
FYE Mar 2021	0.1	+2766.7%	Cons. · Japanese GAAP
FYE Mar 2022	0.1	−20.9%	Cons. · Japanese GAAP
FYE Mar 2023	0.3	+413.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.3	−27.8%	Cons. · Japanese GAAP
FYE Mar 2025	0.1	−72.6%	Cons. · Japanese GAAP
FYE Mar 2026	58.6	+84894.2%	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 50.8%

Average · 10 yrs 46.0%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	29.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	34.7	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2019	40.2	+5.5pp	Cons. · Japanese GAAP
FYE Mar 2020	44.0	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2021	51.3	+7.3pp	Cons. · Japanese GAAP
FYE Mar 2022	51.8	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	48.0	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2024	54.5	+6.5pp	Cons. · Japanese GAAP
FYE Mar 2025	54.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	50.8	−4.1pp	Cons. · Japanese GAAP

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

Debt-to-equity ratio D/E ratio

FYE Mar 2026 34.7%

Average · 10 yrs 57.0%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	128.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	97.1	−30.9pp	Cons. · Japanese GAAP
FYE Mar 2019	74.5	−22.7pp	Cons. · Japanese GAAP
FYE Mar 2020	57.6	−16.8pp	Cons. · Japanese GAAP
FYE Mar 2021	42.6	−15.0pp	Cons. · Japanese GAAP
FYE Mar 2022	30.5	−12.2pp	Cons. · Japanese GAAP
FYE Mar 2023	52.7	+22.2pp	Cons. · Japanese GAAP
FYE Mar 2024	27.1	−25.6pp	Cons. · Japanese GAAP
FYE Mar 2025	25.3	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2026	34.7	+9.5pp	Cons. · Japanese GAAP

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

ROE return on equity

FYE Mar 2026 7.8%

Average · 10 yrs 14.4%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	41.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.7	−25.4pp	Cons. · Japanese GAAP
FYE Mar 2019	22.4	+6.8pp	Cons. · Japanese GAAP
FYE Mar 2020	11.8	−10.6pp	Cons. · Japanese GAAP
FYE Mar 2021	12.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	12.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	4.1	−8.4pp	Cons. · Japanese GAAP
FYE Mar 2024	7.1	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2025	8.9	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2026	7.8	−1.1pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 4.0%

Average · 10 yrs 6.0%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	12.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.4	−6.8pp	Cons. · Japanese GAAP
FYE Mar 2019	9.0	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2020	5.2	−3.8pp	Cons. · Japanese GAAP
FYE Mar 2021	6.3	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	6.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	2.0	−4.5pp	Cons. · Japanese GAAP
FYE Mar 2024	3.9	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2025	4.9	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	4.0	−0.9pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.63×

CAGR · 10 yrs −1.3%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.70	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.85	+20.8%	Cons. · Japanese GAAP
FYE Mar 2019	0.86	+0.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.82	−3.6%	Cons. · Japanese GAAP
FYE Mar 2021	0.78	−5.2%	Cons. · Japanese GAAP
FYE Mar 2022	0.68	−13.2%	Cons. · Japanese GAAP
FYE Mar 2023	0.74	+8.4%	Cons. · Japanese GAAP
FYE Mar 2024	0.75	+1.7%	Cons. · Japanese GAAP
FYE Mar 2025	0.72	−3.7%	Cons. · Japanese GAAP
FYE Mar 2026	0.63	−13.0%	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 ¥51bn

CAGR · 10 yrs +11.0%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	20.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	61.9	+209.2%	Cons. · Japanese GAAP
FYE Mar 2019	38.5	−37.7%	Cons. · Japanese GAAP
FYE Mar 2020	52.4	+35.9%	Cons. · Japanese GAAP
FYE Mar 2021	43.3	−17.3%	Cons. · Japanese GAAP
FYE Mar 2022	26.0	−40.0%	Cons. · Japanese GAAP
FYE Mar 2023	-11.8	−145.4%	Cons. · Japanese GAAP
FYE Mar 2024	55.8	n/a	Cons. · Japanese GAAP
FYE Mar 2025	52.4	−6.2%	Cons. · Japanese GAAP
FYE Mar 2026	51.0	−2.6%	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 -¥123bn

Average · 10 yrs -¥32bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-10.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-12.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-16.2	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-20.5	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-19.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-33.8	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-33.8	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-30.4	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-23.5	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-123	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 ¥42bn

Average · 10 yrs -¥15bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-11.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-101	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-21.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-18.3	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-22.5	n/a	Cons. · Japanese GAAP
FYE Mar 2022	5.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	30.2	+489.1%	Cons. · Japanese GAAP
FYE Mar 2024	-46.5	−254.3%	Cons. · Japanese GAAP
FYE Mar 2025	-1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2026	41.8	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 ¥46bn

CAGR · 10 yrs −9.9%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	119	n/a	Cons. · Japanese GAAP
FYE Mar 2018	66.8	−43.8%	Cons. · Japanese GAAP
FYE Mar 2019	68.0	+1.8%	Cons. · Japanese GAAP
FYE Mar 2020	80.9	+19.0%	Cons. · Japanese GAAP
FYE Mar 2021	83.1	+2.6%	Cons. · Japanese GAAP
FYE Mar 2022	82.5	−0.7%	Cons. · Japanese GAAP
FYE Mar 2023	67.6	−18.1%	Cons. · Japanese GAAP
FYE Mar 2024	47.9	−29.1%	Cons. · Japanese GAAP
FYE Mar 2025	74.9	+56.4%	Cons. · Japanese GAAP
FYE Mar 2026	46.5	−38.0%	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 -¥72bn

Average · 10 yrs ¥6.6bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	9.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	49.2	+396.0%	Cons. · Japanese GAAP
FYE Mar 2019	22.4	−54.6%	Cons. · Japanese GAAP
FYE Mar 2020	31.8	+42.3%	Cons. · Japanese GAAP
FYE Mar 2021	24.0	−24.4%	Cons. · Japanese GAAP
FYE Mar 2022	-7.8	−132.5%	Cons. · Japanese GAAP
FYE Mar 2023	-45.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	25.4	n/a	Cons. · Japanese GAAP
FYE Mar 2025	28.9	+13.6%	Cons. · Japanese GAAP
FYE Mar 2026	-72.0	−349.2%	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 14.6%

Average · 10 yrs 12.1%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	6.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.1	+13.4pp	Cons. · Japanese GAAP
FYE Mar 2019	11.9	−8.2pp	Cons. · Japanese GAAP
FYE Mar 2020	16.6	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2021	14.3	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2022	8.8	−5.5pp	Cons. · Japanese GAAP
FYE Mar 2023	-3.4	−12.2pp	Cons. · Japanese GAAP
FYE Mar 2024	16.3	+19.7pp	Cons. · Japanese GAAP
FYE Mar 2025	15.3	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	14.6	−0.7pp	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 -¥52bn

Average · 10 yrs -¥26bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-43.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-55.3	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-45.8	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-16.4	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	14.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-53.3	−478.3%	Cons. · Japanese GAAP
FYE Mar 2024	-19.6	n/a	Cons. · Japanese GAAP
FYE Mar 2025	8.8	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-51.9	−687.0%	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 ¥269bn

Change · 10 yrs +¥81bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	188	n/a
FYE Mar 2018	237	n/a
FYE Mar 2019	183	n/a
FYE Mar 2020	146	n/a
FYE Mar 2021	201	n/a
FYE Mar 2022	124	n/a
FYE Mar 2023	152	n/a
FYE Mar 2024	196	n/a
FYE Mar 2025	201	n/a
FYE Mar 2026	269	n/a

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

Share price year-end close

FYE Mar 2026 3,738¥

Change · 10 yrs +1,048¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	2,690	n/a
FYE Mar 2018	3,385	n/a
FYE Mar 2019	2,614,278	n/a
FYE Mar 2020	2,093	n/a
FYE Mar 2021	2,791	n/a
FYE Mar 2022	1,720	n/a
FYE Mar 2023	2,105	n/a
FYE Mar 2024	2,714	n/a
FYE Mar 2025	2,789	n/a
FYE Mar 2026	3,738	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 72,088,000shares

Change · 10 yrs +2,154,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	69,934,000	Parent
FYE Mar 2018	69,934,000	Parent
FYE Mar 2019	69,934	Parent
FYE Mar 2020	69,934,000	Parent
FYE Mar 2021	72,088,000	Parent
FYE Mar 2022	72,088,000	Parent
FYE Mar 2023	72,088,000	Parent
FYE Mar 2024	72,088,000	Parent
FYE Mar 2025	72,088,000	Parent
FYE Mar 2026	72,088,000	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 308.64¥

Change · 10 yrs −430.28¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	738.92	Cons.
FYE Mar 2018	259.81	Cons.
FYE Mar 2019	493.26	Cons.
FYE Mar 2020	287.05	Cons.
FYE Mar 2021	351.11	Cons.
FYE Mar 2022	389.09	Cons.
FYE Mar 2023	130.15	Cons.
FYE Mar 2024	246.72	Cons.
FYE Mar 2025	325.08	Cons.
FYE Mar 2026	308.64	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 3,926.95¥

Change · 10 yrs +2,110.72¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,816.23	Cons. · Japanese GAAP
FYE Mar 2018	1,796.78	Cons. · Japanese GAAP
FYE Mar 2019	2,184,659.82	Cons. · Japanese GAAP
FYE Mar 2020	2,414.58	Cons. · Japanese GAAP
FYE Mar 2021	2,754.43	Cons. · Japanese GAAP
FYE Mar 2022	3,114.33	Cons. · Japanese GAAP
FYE Mar 2023	3,182.93	Cons. · Japanese GAAP
FYE Mar 2024	3,457.68	Cons. · Japanese GAAP
FYE Mar 2025	3,628.38	Cons. · Japanese GAAP
FYE Mar 2026	3,926.95	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 12.11×

Average · 10 yrs 8.95×

Fiscal year	PER ×	Basis
FYE Mar 2017	3.64	Cons.
FYE Mar 2018	13.03	Cons.
FYE Mar 2019	5.30	Cons.
FYE Mar 2020	7.29	Cons.
FYE Mar 2021	7.95	Cons.
FYE Mar 2022	4.42	Cons.
FYE Mar 2023	16.17	Cons.
FYE Mar 2024	11.00	Cons.
FYE Mar 2025	8.58	Cons.
FYE Mar 2026	12.11	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 0.95×

Average · 10 yrs 1.04×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.76	Cons.
FYE Mar 2018	1.87	Cons.
FYE Mar 2019	1.19	Cons.
FYE Mar 2020	0.86	Cons.
FYE Mar 2021	1.01	Cons.
FYE Mar 2022	0.55	Cons.
FYE Mar 2023	0.66	Cons.
FYE Mar 2024	0.78	Cons.
FYE Mar 2025	0.77	Cons.
FYE Mar 2026	0.95	Cons.

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

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

Group employees

FYE Mar 2026 6,390people

Change · 10 yrs +984 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	5,406	n/a	Cons.
FYE Mar 2018	4,889	−9.6%	Cons.
FYE Mar 2019	5,471	+11.9%	Cons.
FYE Mar 2020	5,679	+3.8%	Cons.
FYE Mar 2021	5,476	−3.6%	Cons.
FYE Mar 2022	5,665	+3.5%	Cons.
FYE Mar 2023	5,909	+4.3%	Cons.
FYE Mar 2024	5,734	−3.0%	Cons.
FYE Mar 2025	5,782	+0.8%	Cons.
FYE Mar 2026	6,390	+10.5%	Cons.

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

Parent-company employees

FYE Mar 2026 2,652people

Change · 10 yrs +783 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	1,869	n/a	Parent
FYE Mar 2018	1,920	+2.7%	Parent
FYE Mar 2019	1,924	+0.2%	Parent
FYE Mar 2020	2,063	+7.2%	Parent
FYE Mar 2021	2,256	+9.4%	Parent
FYE Mar 2022	2,315	+2.6%	Parent
FYE Mar 2023	2,459	+6.2%	Parent
FYE Mar 2024	2,520	+2.5%	Parent
FYE Mar 2025	2,593	+2.9%	Parent
FYE Mar 2026	2,652	+2.3%	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 794万円

Change · 10 yrs +190万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	604	n/a	Parent
FYE Mar 2018	652	+7.8%	Parent
FYE Mar 2019	714	+9.6%	Parent
FYE Mar 2020	724	+1.3%	Parent
FYE Mar 2021	736	+1.7%	Parent
FYE Mar 2022	722	−1.9%	Parent
FYE Mar 2023	704	−2.5%	Parent
FYE Mar 2024	683	−3.1%	Parent
FYE Mar 2025	732	+7.2%	Parent
FYE Mar 2026	794	+8.5%	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 41.5years

Change · 8 yrs −1.0 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	42.5	n/a	Parent
FYE Mar 2020	42.0	−1.2%	Parent
FYE Mar 2021	41.5	−1.0%	Parent
FYE Mar 2022	41.4	−0.3%	Parent
FYE Mar 2023	41.3	−0.3%	Parent
FYE Mar 2024	41.3	−0.0%	Parent
FYE Mar 2025	41.4	+0.4%	Parent
FYE Mar 2026	41.5	−0.0%	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 16.8years

Change · 10 yrs −4.3 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	21.1	n/a	Parent
FYE Mar 2018	21.2	+0.2%	Parent
FYE Mar 2019	20.6	−2.8%	Parent
FYE Mar 2020	19.1	−7.0%	Parent
FYE Mar 2021	17.9	−6.2%	Parent
FYE Mar 2022	17.6	−2.0%	Parent
FYE Mar 2023	17.0	−3.2%	Parent
FYE Mar 2024	16.9	−0.5%	Parent
FYE Mar 2025	17.0	+0.2%	Parent
FYE Mar 2026	16.8	−0.8%	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 517people

Change · 10 yrs +40 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	477	n/a	n/a
FYE Mar 2018	518	+8.6%	n/a
FYE Mar 2019	475	−8.3%	n/a
FYE Mar 2020	466	−1.9%	n/a
FYE Mar 2021	449	−3.6%	n/a
FYE Mar 2022	432	−3.8%	n/a
FYE Mar 2023	449	+3.9%	n/a
FYE Mar 2024	455	+1.3%	n/a
FYE Mar 2025	475	+4.4%	n/a
FYE Mar 2026	517	+8.8%	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 ¥54.7m

Change · 10 yrs −¥0.6m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	55.3	n/a	Cons.
FYE Mar 2018	63.0	+13.9%	Cons.
FYE Mar 2019	59.3	−5.8%	Cons.
FYE Mar 2020	55.7	−6.2%	Cons.
FYE Mar 2021	55.2	−0.8%	Cons.
FYE Mar 2022	51.9	−6.1%	Cons.
FYE Mar 2023	59.5	+14.8%	Cons.
FYE Mar 2024	59.6	+0.2%	Cons.
FYE Mar 2025	59.3	−0.5%	Cons.
FYE Mar 2026	54.7	−7.8%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥5.8m

Change · 10 yrs −¥1.3m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	7.1	n/a	Cons.
FYE Mar 2018	8.4	+18.4%	Cons.
FYE Mar 2019	6.4	−23.6%	Cons.
FYE Mar 2020	6.0	−6.3%	Cons.
FYE Mar 2021	5.6	−6.5%	Cons.
FYE Mar 2022	4.3	−23.3%	Cons.
FYE Mar 2023	2.4	−44.0%	Cons.
FYE Mar 2024	4.5	+84.3%	Cons.
FYE Mar 2025	5.2	+15.9%	Cons.
FYE Mar 2026	5.8	+11.8%	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.

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Data API

Tokuyama’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/4043/company.json ·/api/4043/history.json ·/api/4043/ceo.json ·/api/4043/financials.json ·/api/4043/financials/segment.json ·/api/4043/financials/pl.json ·/api/4043/financials/cf.json ·/api/4043/financials/bs.json ·/api/4043/financials/employee.json ·/api/4043/financials/stock.json ·/api/4043/financials.csv ·/api/4043/financials_history.csv

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