Financials

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

FYE Mar 2026 · Revenue¥580bnYoY −1.2%

FYE Mar 2026 · Operating profit¥42bnYoY −31.0%

FYE Mar 2026 · Net profit¥10bnYoY −79.4%

FYE Mar 2026 · Equity ratio42.6%YoY −1.6pp

FYE Mar 2026 · Group employees11,034YoY −144

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥440bn	n/a	¥64bn	n/a	14.6%	¥43bn	Fudaba Misao	—
FYE Mar 2018Consolidated	¥463bn	+5.2%	¥59bn	−8.4%	12.7%	¥37bn	Fudaba Misao	—
FYE Mar 2019Consolidated	¥465bn	+0.4%	¥51bn	−13.2%	11.0%	¥35bn	Fudaba Misao	<a class="en-history_person" href="/tse/4202/executives/ceo/ogawa-yoshimi/" hreflang="ja">Ogawa Yoshimi</a> becomes president; production innovation goes group-wide
FYE Mar 2020Consolidated	¥413bn	−11.2%	¥30bn	−42.1%	7.2%	¥5.0bn	Fudaba Misao	—
FYE Mar 2021Consolidated	¥394bn	−4.7%	¥32bn	+7.0%	8.1%	¥20bn	Ogawa Yoshimi	Polyplastics becomes a wholly owned subsidiary
FYE Mar 2022Consolidated	¥468bn	+18.9%	¥51bn	+59.8%	10.8%	¥31bn	Ogawa Yoshimi	—
FYE Mar 2023Consolidated	¥538bn	+15.0%	¥48bn	−6.3%	8.8%	¥41bn	Ogawa Yoshimi	—
FYE Mar 2024Consolidated	¥558bn	+3.7%	¥62bn	+31.3%	11.2%	¥56bn	Ogawa Yoshimi	—
FYE Mar 2025Consolidated	¥587bn	+5.1%	¥61bn	−2.2%	10.4%	¥49bn	Ogawa Yoshimi	<a class="en-history_person" href="/tse/4202/executives/ceo/sakaki-yasuhiro/" hreflang="ja">Sakaki Yasuhiro</a> becomes president
FYE Mar 2026Consolidated	¥580bn	−1.2%	¥42bn	−31.0%	7.3%	¥10bn	Ogawa Yoshimi	—

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%

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 ¥580bn

CAGR · 10 yrs +3.1%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	440	n/a	Cons. · Japanese GAAP
FYE Mar 2018	463	+5.2%	Cons. · Japanese GAAP
FYE Mar 2019	465	+0.4%	Cons. · Japanese GAAP
FYE Mar 2020	413	−11.2%	Cons. · Japanese GAAP
FYE Mar 2021	394	−4.7%	Cons. · Japanese GAAP
FYE Mar 2022	468	+18.9%	Cons. · Japanese GAAP
FYE Mar 2023	538	+15.0%	Cons. · Japanese GAAP
FYE Mar 2024	558	+3.7%	Cons. · Japanese GAAP
FYE Mar 2025	587	+5.1%	Cons. · Japanese GAAP
FYE Mar 2026	580	−1.2%	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 ¥433bn

CAGR · 10 yrs +4.0%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	303	n/a	Cons. · Japanese GAAP
FYE Mar 2018	326	+7.4%	Cons. · Japanese GAAP
FYE Mar 2019	331	+1.6%	Cons. · Japanese GAAP
FYE Mar 2020	302	−8.9%	Cons. · Japanese GAAP
FYE Mar 2021	282	−6.5%	Cons. · Japanese GAAP
FYE Mar 2022	329	+16.7%	Cons. · Japanese GAAP
FYE Mar 2023	392	+19.1%	Cons. · Japanese GAAP
FYE Mar 2024	399	+1.7%	Cons. · Japanese GAAP
FYE Mar 2025	422	+5.8%	Cons. · Japanese GAAP
FYE Mar 2026	433	+2.7%	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 ¥146bn

CAGR · 10 yrs +0.7%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	137	n/a	Cons. · Japanese GAAP
FYE Mar 2018	137	+0.3%	Cons. · Japanese GAAP
FYE Mar 2019	134	−2.5%	Cons. · Japanese GAAP
FYE Mar 2020	111	−17.0%	Cons. · Japanese GAAP
FYE Mar 2021	111	+0.3%	Cons. · Japanese GAAP
FYE Mar 2022	139	+24.4%	Cons. · Japanese GAAP
FYE Mar 2023	146	+5.2%	Cons. · Japanese GAAP
FYE Mar 2024	159	+9.2%	Cons. · Japanese GAAP
FYE Mar 2025	165	+3.4%	Cons. · Japanese GAAP
FYE Mar 2026	146	−11.2%	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 ¥104bn

CAGR · 10 yrs +4.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	72.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	78.3	+7.9%	Cons. · Japanese GAAP
FYE Mar 2019	82.6	+5.5%	Cons. · Japanese GAAP
FYE Mar 2020	81.4	−1.4%	Cons. · Japanese GAAP
FYE Mar 2021	79.7	−2.1%	Cons. · Japanese GAAP
FYE Mar 2022	87.9	+10.3%	Cons. · Japanese GAAP
FYE Mar 2023	98.3	+11.8%	Cons. · Japanese GAAP
FYE Mar 2024	96.9	−1.4%	Cons. · Japanese GAAP
FYE Mar 2025	104	+7.1%	Cons. · Japanese GAAP
FYE Mar 2026	104	+0.5%	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 ¥42bn

CAGR · 10 yrs −4.6%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	64.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	58.9	−8.4%	Cons. · Japanese GAAP
FYE Mar 2019	51.2	−13.2%	Cons. · Japanese GAAP
FYE Mar 2020	29.6	−42.1%	Cons. · Japanese GAAP
FYE Mar 2021	31.7	+7.0%	Cons. · Japanese GAAP
FYE Mar 2022	50.7	+59.8%	Cons. · Japanese GAAP
FYE Mar 2023	47.5	−6.3%	Cons. · Japanese GAAP
FYE Mar 2024	62.4	+31.3%	Cons. · Japanese GAAP
FYE Mar 2025	61.0	−2.2%	Cons. · Japanese GAAP
FYE Mar 2026	42.1	−31.0%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥8.8bn

CAGR · 10 yrs +6.1%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	5.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.8	−6.4%	Cons. · Japanese GAAP
FYE Mar 2019	6.1	+25.6%	Cons. · Japanese GAAP
FYE Mar 2020	5.3	−12.7%	Cons. · Japanese GAAP
FYE Mar 2021	6.4	+21.0%	Cons. · Japanese GAAP
FYE Mar 2022	8.7	+35.7%	Cons. · Japanese GAAP
FYE Mar 2023	7.6	−12.2%	Cons. · Japanese GAAP
FYE Mar 2024	9.0	+17.2%	Cons. · Japanese GAAP
FYE Mar 2025	8.0	−10.7%	Cons. · Japanese GAAP
FYE Mar 2026	8.8	+10.1%	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 ¥5.7bn

CAGR · 10 yrs +6.5%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	3.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.7	−17.9%	Cons. · Japanese GAAP
FYE Mar 2019	3.8	+42.5%	Cons. · Japanese GAAP
FYE Mar 2020	3.2	−17.0%	Cons. · Japanese GAAP
FYE Mar 2021	3.4	+9.1%	Cons. · Japanese GAAP
FYE Mar 2022	2.1	−39.1%	Cons. · Japanese GAAP
FYE Mar 2023	3.1	+48.1%	Cons. · Japanese GAAP
FYE Mar 2024	2.9	−5.2%	Cons. · Japanese GAAP
FYE Mar 2025	6.7	+126.8%	Cons. · Japanese GAAP
FYE Mar 2026	5.7	−14.1%	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 ¥45bn

CAGR · 10 yrs −4.2%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	66.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	61.1	−7.7%	Cons. · Japanese GAAP
FYE Mar 2019	53.4	−12.5%	Cons. · Japanese GAAP
FYE Mar 2020	31.8	−40.5%	Cons. · Japanese GAAP
FYE Mar 2021	34.7	+9.1%	Cons. · Japanese GAAP
FYE Mar 2022	57.3	+65.2%	Cons. · Japanese GAAP
FYE Mar 2023	52.0	−9.2%	Cons. · Japanese GAAP
FYE Mar 2024	68.4	+31.4%	Cons. · Japanese GAAP
FYE Mar 2025	62.3	−8.9%	Cons. · Japanese GAAP
FYE Mar 2026	45.1	−27.6%	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 ¥20bn

CAGR · 10 yrs +25.6%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	2.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.2	+99.7%	Cons. · Japanese GAAP
FYE Mar 2019	8.1	+56.5%	Cons. · Japanese GAAP
FYE Mar 2020	2.7	−66.2%	Cons. · Japanese GAAP
FYE Mar 2021	3.2	+18.7%	Cons. · Japanese GAAP
FYE Mar 2022	1.9	−42.1%	Cons. · Japanese GAAP
FYE Mar 2023	5.5	+193.9%	Cons. · Japanese GAAP
FYE Mar 2024	11.4	+105.7%	Cons. · Japanese GAAP
FYE Mar 2025	20.5	+80.2%	Cons. · Japanese GAAP
FYE Mar 2026	20.0	−2.1%	Cons. · Japanese GAAP

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

Extraordinary loss

FYE Mar 2026 n/a

CAGR · 3 yrs −23.5%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Mar 2017	4.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.0	+58.7%	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	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2023	2.6	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 ¥10bn

CAGR · 10 yrs −14.8%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	43.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	37.1	−14.2%	Cons. · Japanese GAAP
FYE Mar 2019	35.3	−4.8%	Cons. · Japanese GAAP
FYE Mar 2020	5.0	−85.9%	Cons. · Japanese GAAP
FYE Mar 2021	19.7	+296.0%	Cons. · Japanese GAAP
FYE Mar 2022	31.3	+58.5%	Cons. · Japanese GAAP
FYE Mar 2023	40.7	+30.2%	Cons. · Japanese GAAP
FYE Mar 2024	55.8	+37.2%	Cons. · Japanese GAAP
FYE Mar 2025	49.5	−11.4%	Cons. · Japanese GAAP
FYE Mar 2026	10.2	−79.4%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 25.2%

Average · 10 yrs 28.3%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	31.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.6	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	28.8	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	26.9	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2021	28.3	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2022	29.6	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2023	27.1	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2024	28.5	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2025	28.1	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	25.2	−2.8pp	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 7.3%

Average · 10 yrs 10.2%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	14.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.7	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2019	11.0	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	7.2	−3.8pp	Cons. · Japanese GAAP
FYE Mar 2021	8.1	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	10.8	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2023	8.8	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2024	11.2	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2025	10.4	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	7.3	−3.1pp	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 7.8%

Average · 10 yrs 10.9%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	15.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.2	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2019	11.5	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	7.7	−3.8pp	Cons. · Japanese GAAP
FYE Mar 2021	8.8	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	12.2	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2023	9.7	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2024	12.3	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2025	10.6	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2026	7.8	−2.8pp	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 1.8%

Average · 10 yrs 6.6%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	9.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.0	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2019	7.6	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	1.2	−6.4pp	Cons. · Japanese GAAP
FYE Mar 2021	5.0	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2022	6.7	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2023	7.6	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	10.0	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2025	8.4	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2026	1.8	−6.7pp	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 74.8%

Average · 10 yrs 71.7%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	68.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	70.4	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	71.2	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	73.1	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2021	71.7	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2022	70.4	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2023	72.9	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2024	71.5	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2025	71.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	74.8	+2.8pp	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 18.0%

Average · 10 yrs 18.1%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	16.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	17.8	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	19.7	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2021	20.3	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	18.8	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	18.3	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	17.4	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	17.7	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	18.0	+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 ¥834bn

CAGR · 10 yrs +3.7%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	600	n/a	Cons. · Japanese GAAP
FYE Mar 2018	640	+6.8%	Cons. · Japanese GAAP
FYE Mar 2019	655	+2.3%	Cons. · Japanese GAAP
FYE Mar 2020	598	−8.7%	Cons. · Japanese GAAP
FYE Mar 2021	640	+7.1%	Cons. · Japanese GAAP
FYE Mar 2022	699	+9.1%	Cons. · Japanese GAAP
FYE Mar 2023	766	+9.6%	Cons. · Japanese GAAP
FYE Mar 2024	839	+9.6%	Cons. · Japanese GAAP
FYE Mar 2025	814	−3.0%	Cons. · Japanese GAAP
FYE Mar 2026	834	+2.5%	Cons. · Japanese GAAP

Definition: Everything the company holds
Formula: Total assets line of the balance sheet
Source: Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Mar 2026 ¥356bn

CAGR · 10 yrs −0.4%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	370	n/a	Cons. · Japanese GAAP
FYE Mar 2018	385	+4.1%	Cons. · Japanese GAAP
FYE Mar 2019	394	+2.3%	Cons. · Japanese GAAP
FYE Mar 2020	363	−7.9%	Cons. · Japanese GAAP
FYE Mar 2021	238	−34.4%	Cons. · Japanese GAAP
FYE Mar 2022	272	+14.4%	Cons. · Japanese GAAP
FYE Mar 2023	295	+8.5%	Cons. · Japanese GAAP
FYE Mar 2024	359	+21.8%	Cons. · Japanese GAAP
FYE Mar 2025	360	+0.1%	Cons. · Japanese GAAP
FYE Mar 2026	356	−1.2%	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 ¥220bn

CAGR · 10 yrs +21.6%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	37.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.0	−4.7%	Cons. · Japanese GAAP
FYE Mar 2019	46.0	+27.8%	Cons. · Japanese GAAP
FYE Mar 2020	39.1	−15.0%	Cons. · Japanese GAAP
FYE Mar 2021	123	+213.5%	Cons. · Japanese GAAP
FYE Mar 2022	128	+4.6%	Cons. · Japanese GAAP
FYE Mar 2023	145	+13.2%	Cons. · Japanese GAAP
FYE Mar 2024	156	+7.9%	Cons. · Japanese GAAP
FYE Mar 2025	174	+11.1%	Cons. · Japanese GAAP
FYE Mar 2026	220	+26.5%	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 ¥50bn

CAGR · 10 yrs +23.0%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	7.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.1	+29.9%	Cons. · Japanese GAAP
FYE Mar 2019	10.0	−1.5%	Cons. · Japanese GAAP
FYE Mar 2020	6.9	−30.7%	Cons. · Japanese GAAP
FYE Mar 2021	7.0	+1.8%	Cons. · Japanese GAAP
FYE Mar 2022	22.2	+216.0%	Cons. · Japanese GAAP
FYE Mar 2023	36.3	+63.4%	Cons. · Japanese GAAP
FYE Mar 2024	31.8	−12.4%	Cons. · Japanese GAAP
FYE Mar 2025	35.9	+13.0%	Cons. · Japanese GAAP
FYE Mar 2026	50.1	+39.6%	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 ¥170bn

CAGR · 10 yrs +21.3%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	30.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.9	−13.7%	Cons. · Japanese GAAP
FYE Mar 2019	36.0	+39.2%	Cons. · Japanese GAAP
FYE Mar 2020	32.2	−10.7%	Cons. · Japanese GAAP
FYE Mar 2021	116	+258.9%	Cons. · Japanese GAAP
FYE Mar 2022	106	−8.3%	Cons. · Japanese GAAP
FYE Mar 2023	109	+2.6%	Cons. · Japanese GAAP
FYE Mar 2024	125	+14.6%	Cons. · Japanese GAAP
FYE Mar 2025	138	+10.6%	Cons. · Japanese GAAP
FYE Mar 2026	170	+23.2%	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 ¥11bn

CAGR · 10 yrs +1.6%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.6	−10.8%	Cons. · Japanese GAAP
FYE Mar 2019	12.7	+47.5%	Cons. · Japanese GAAP
FYE Mar 2020	13.4	+5.6%	Cons. · Japanese GAAP
FYE Mar 2021	10.6	−20.7%	Cons. · Japanese GAAP
FYE Mar 2022	10.1	−5.1%	Cons. · Japanese GAAP
FYE Mar 2023	11.2	+11.2%	Cons. · Japanese GAAP
FYE Mar 2024	10.8	−3.7%	Cons. · Japanese GAAP
FYE Mar 2025	10.6	−1.2%	Cons. · Japanese GAAP
FYE Mar 2026	11.1	+4.1%	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 ¥0.1bn

CAGR · 10 yrs −35.6%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	2.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.9	−30.2%	Cons. · Japanese GAAP
FYE Mar 2019	3.8	+102.3%	Cons. · Japanese GAAP
FYE Mar 2020	5.2	+35.5%	Cons. · Japanese GAAP
FYE Mar 2021	2.4	−53.6%	Cons. · Japanese GAAP
FYE Mar 2022	0.4	−84.9%	Cons. · Japanese GAAP
FYE Mar 2023	0.3	−6.9%	Cons. · Japanese GAAP
FYE Mar 2024	0.1	−74.9%	Cons. · Japanese GAAP
FYE Mar 2025	0.1	−22.4%	Cons. · Japanese GAAP
FYE Mar 2026	0.1	−21.2%	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 42.6%

Average · 10 yrs 48.7%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	61.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	60.1	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	60.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	60.6	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	37.1	−23.5pp	Cons. · Japanese GAAP
FYE Mar 2022	38.9	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2023	38.6	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	42.8	+4.3pp	Cons. · Japanese GAAP
FYE Mar 2025	44.2	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2026	42.6	−1.6pp	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 61.9%

Average · 10 yrs 34.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	10.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.4	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	11.7	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2020	10.8	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	51.5	+40.8pp	Cons. · Japanese GAAP
FYE Mar 2022	47.1	−4.4pp	Cons. · Japanese GAAP
FYE Mar 2023	49.1	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2024	43.5	−5.6pp	Cons. · Japanese GAAP
FYE Mar 2025	48.3	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2026	61.9	+13.6pp	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 2.9%

Average · 10 yrs 9.7%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	11.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.6	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2019	9.0	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	1.4	−7.6pp	Cons. · Japanese GAAP
FYE Mar 2021	8.3	+6.9pp	Cons. · Japanese GAAP
FYE Mar 2022	11.5	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2023	13.8	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2024	15.5	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2025	13.7	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2026	2.9	−10.9pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 1.2%

Average · 10 yrs 4.6%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	7.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.8	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	5.4	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	0.8	−4.6pp	Cons. · Japanese GAAP
FYE Mar 2021	3.1	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2022	4.5	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2023	5.3	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	6.7	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2025	6.1	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	1.2	−4.9pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.70×

CAGR · 10 yrs −0.6%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.73	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.72	−1.5%	Cons. · Japanese GAAP
FYE Mar 2019	0.71	−1.8%	Cons. · Japanese GAAP
FYE Mar 2020	0.69	−2.8%	Cons. · Japanese GAAP
FYE Mar 2021	0.61	−11.0%	Cons. · Japanese GAAP
FYE Mar 2022	0.67	+9.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.70	+5.0%	Cons. · Japanese GAAP
FYE Mar 2024	0.67	−5.4%	Cons. · Japanese GAAP
FYE Mar 2025	0.72	+8.4%	Cons. · Japanese GAAP
FYE Mar 2026	0.70	−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 ¥68bn

CAGR · 10 yrs −2.6%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	86.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	66.9	−22.4%	Cons. · Japanese GAAP
FYE Mar 2019	58.5	−12.5%	Cons. · Japanese GAAP
FYE Mar 2020	57.2	−2.3%	Cons. · Japanese GAAP
FYE Mar 2021	57.9	+1.2%	Cons. · Japanese GAAP
FYE Mar 2022	43.0	−25.7%	Cons. · Japanese GAAP
FYE Mar 2023	26.8	−37.6%	Cons. · Japanese GAAP
FYE Mar 2024	76.7	+185.8%	Cons. · Japanese GAAP
FYE Mar 2025	93.4	+21.7%	Cons. · Japanese GAAP
FYE Mar 2026	67.8	−27.4%	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 -¥48bn

Average · 10 yrs -¥43bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-34.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-33.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-41.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-45.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-34.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-46.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-44.1	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-55.4	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-47.9	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-47.7	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 -¥23bn

Average · 10 yrs -¥22bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-19.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-25.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-47.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-17.1	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-5.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	20.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-52.4	−362.4%	Cons. · Japanese GAAP
FYE Mar 2025	-48.9	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-22.8	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 ¥67bn

CAGR · 10 yrs −4.0%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	96.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	128	+33.3%	Cons. · Japanese GAAP
FYE Mar 2019	120	−6.4%	Cons. · Japanese GAAP
FYE Mar 2020	80.7	−32.8%	Cons. · Japanese GAAP
FYE Mar 2021	90.7	+12.5%	Cons. · Japanese GAAP
FYE Mar 2022	88.0	−3.0%	Cons. · Japanese GAAP
FYE Mar 2023	93.5	+6.3%	Cons. · Japanese GAAP
FYE Mar 2024	68.4	−26.8%	Cons. · Japanese GAAP
FYE Mar 2025	64.8	−5.3%	Cons. · Japanese GAAP
FYE Mar 2026	66.8	+3.2%	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 ¥20bn

CAGR · 10 yrs −9.9%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	51.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.7	−34.5%	Cons. · Japanese GAAP
FYE Mar 2019	17.4	−48.3%	Cons. · Japanese GAAP
FYE Mar 2020	11.3	−35.0%	Cons. · Japanese GAAP
FYE Mar 2021	23.6	+108.7%	Cons. · Japanese GAAP
FYE Mar 2022	-3.5	−114.9%	Cons. · Japanese GAAP
FYE Mar 2023	-17.2	n/a	Cons. · Japanese GAAP
FYE Mar 2024	21.4	n/a	Cons. · Japanese GAAP
FYE Mar 2025	45.5	+113.2%	Cons. · Japanese GAAP
FYE Mar 2026	20.1	−55.8%	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 11.7%

Average · 10 yrs 13.1%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	19.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.4	−5.1pp	Cons. · Japanese GAAP
FYE Mar 2019	12.6	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	13.9	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	14.7	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	9.2	−5.5pp	Cons. · Japanese GAAP
FYE Mar 2023	5.0	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2024	13.7	+8.8pp	Cons. · Japanese GAAP
FYE Mar 2025	15.9	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2026	11.7	−4.2pp	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 -¥153bn

Average · 10 yrs -¥21bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	58.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	92.3	+57.7%	Cons. · Japanese GAAP
FYE Mar 2019	74.0	−19.8%	Cons. · Japanese GAAP
FYE Mar 2020	41.6	−43.8%	Cons. · Japanese GAAP
FYE Mar 2021	-31.8	−176.6%	Cons. · Japanese GAAP
FYE Mar 2022	-40.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-51.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-88.1	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-109	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-153	n/a	Cons. · Japanese GAAP

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

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

Market capitalisation

FYE Mar 2026 ¥327bn

Change · 10 yrs −¥142bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	469	n/a
FYE Mar 2018	407	n/a
FYE Mar 2019	399	n/a
FYE Mar 2020	249	n/a
FYE Mar 2021	258	n/a
FYE Mar 2022	248	n/a
FYE Mar 2023	303	n/a
FYE Mar 2024	434	n/a
FYE Mar 2025	359	n/a
FYE Mar 2026	327	n/a

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

Share price year-end close

FYE Mar 2026 1,226¥

Change · 10 yrs −115¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,341	n/a
FYE Mar 2018	1,162	n/a
FYE Mar 2019	1,202	n/a
FYE Mar 2020	789	n/a
FYE Mar 2021	852	n/a
FYE Mar 2022	818	n/a
FYE Mar 2023	1,000	n/a
FYE Mar 2024	1,513	n/a
FYE Mar 2025	1,297	n/a
FYE Mar 2026	1,226	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 266,942,000shares

Change · 10 yrs −83,000,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	349,942,000	Parent
FYE Mar 2018	349,942,000	Parent
FYE Mar 2019	331,942,000	Parent
FYE Mar 2020	315,942,000	Parent
FYE Mar 2021	302,942,000	Parent
FYE Mar 2022	302,942,000	Parent
FYE Mar 2023	302,942,000	Parent
FYE Mar 2024	286,942,000	Parent
FYE Mar 2025	276,942,000	Parent
FYE Mar 2026	266,942,000	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 38.75¥

Change · 10 yrs −85.86¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	124.61	Cons.
FYE Mar 2018	107.81	Cons.
FYE Mar 2019	105.38	Cons.
FYE Mar 2020	15.49	Cons.
FYE Mar 2021	65.18	Cons.
FYE Mar 2022	104.14	Cons.
FYE Mar 2023	138.87	Cons.
FYE Mar 2024	197.56	Cons.
FYE Mar 2025	181.44	Cons.
FYE Mar 2026	38.75	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 1,332.12¥

Change · 10 yrs +275.89¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,056.23	Cons. · Japanese GAAP
FYE Mar 2018	1,099.83	Cons. · Japanese GAAP
FYE Mar 2019	1,185.74	Cons. · Japanese GAAP
FYE Mar 2020	1,147.50	Cons. · Japanese GAAP
FYE Mar 2021	785.14	Cons. · Japanese GAAP
FYE Mar 2022	897.92	Cons. · Japanese GAAP
FYE Mar 2023	974.48	Cons. · Japanese GAAP
FYE Mar 2024	1,252.68	Cons. · Japanese GAAP
FYE Mar 2025	1,299.86	Cons. · Japanese GAAP
FYE Mar 2026	1,332.12	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 31.63×

Average · 10 yrs 15.85×

Fiscal year	PER ×	Basis
FYE Mar 2017	10.76	Cons.
FYE Mar 2018	10.78	Cons.
FYE Mar 2019	11.41	Cons.
FYE Mar 2020	50.94	Cons.
FYE Mar 2021	13.07	Cons.
FYE Mar 2022	7.85	Cons.
FYE Mar 2023	7.20	Cons.
FYE Mar 2024	7.66	Cons.
FYE Mar 2025	7.15	Cons.
FYE Mar 2026	31.63	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 0.88×

Average · 10 yrs 0.99×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.26	Cons.
FYE Mar 2018	1.02	Cons.
FYE Mar 2019	1.00	Cons.
FYE Mar 2020	0.68	Cons.
FYE Mar 2021	1.08	Cons.
FYE Mar 2022	0.89	Cons.
FYE Mar 2023	0.97	Cons.
FYE Mar 2024	1.16	Cons.
FYE Mar 2025	0.96	Cons.
FYE Mar 2026	0.88	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 11,034people

Change · 10 yrs −522 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	11,556	n/a	Cons.
FYE Mar 2018	12,309	+6.5%	Cons.
FYE Mar 2019	12,319	+0.1%	Cons.
FYE Mar 2020	11,606	−5.8%	Cons.
FYE Mar 2021	11,142	−4.0%	Cons.
FYE Mar 2022	11,104	−0.3%	Cons.
FYE Mar 2023	11,207	+0.9%	Cons.
FYE Mar 2024	11,134	−0.7%	Cons.
FYE Mar 2025	11,178	+0.4%	Cons.
FYE Mar 2026	11,034	−1.3%	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 2,533people

Change · 10 yrs +285 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	2,248	n/a	Parent
FYE Mar 2018	2,354	+4.7%	Parent
FYE Mar 2019	2,421	+2.8%	Parent
FYE Mar 2020	2,492	+2.9%	Parent
FYE Mar 2021	2,597	+4.2%	Parent
FYE Mar 2022	2,553	−1.7%	Parent
FYE Mar 2023	2,524	−1.1%	Parent
FYE Mar 2024	2,510	−0.6%	Parent
FYE Mar 2025	2,540	+1.2%	Parent
FYE Mar 2026	2,533	−0.3%	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 ¥8.7m

Change · 8 yrs +¥1.0m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	7.7	n/a	Parent
FYE Mar 2020	7.4	−3.4%	Parent
FYE Mar 2021	7.1	−3.8%	Parent
FYE Mar 2022	7.4	+3.4%	Parent
FYE Mar 2023	8.0	+7.7%	Parent
FYE Mar 2024	8.1	+2.3%	Parent
FYE Mar 2025	8.6	+5.5%	Parent
FYE Mar 2026	8.7	+0.7%	Parent

Definition: Average total annual compensation, bonuses included
Formula: Average annual pay, from the employee section of the filing
Source: Securities report (XBRL)

Average age

FYE Mar 2026 41.9years

Change · 8 yrs +0.6 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	41.3	n/a	Parent
FYE Mar 2020	41.3	−0.0%	Parent
FYE Mar 2021	41.8	+1.2%	Parent
FYE Mar 2022	41.9	+0.2%	Parent
FYE Mar 2023	42.1	+0.5%	Parent
FYE Mar 2024	42.2	+0.2%	Parent
FYE Mar 2025	42.2	−0.0%	Parent
FYE Mar 2026	41.9	−0.7%	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 15.3years

Change · 8 yrs −0.9 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	16.2	n/a	Parent
FYE Mar 2020	16.0	−1.2%	Parent
FYE Mar 2021	16.5	+3.1%	Parent
FYE Mar 2022	16.2	−1.8%	Parent
FYE Mar 2023	16.2	−0.0%	Parent
FYE Mar 2024	16.1	−0.6%	Parent
FYE Mar 2025	15.9	−1.2%	Parent
FYE Mar 2026	15.3	−3.8%	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 1,440people

Change · 10 yrs +308 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	1,132	n/a	n/a
FYE Mar 2018	1,189	+5.0%	n/a
FYE Mar 2019	1,190	+0.1%	n/a
FYE Mar 2020	1,246	+4.7%	n/a
FYE Mar 2021	1,347	+8.1%	n/a
FYE Mar 2022	1,362	+1.1%	n/a
FYE Mar 2023	1,273	−6.5%	n/a
FYE Mar 2024	1,403	+10.2%	n/a
FYE Mar 2025	1,434	+2.2%	n/a
FYE Mar 2026	1,440	+0.4%	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 ¥52.5m

Change · 10 yrs +¥14.5m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	38.1	n/a	Cons.
FYE Mar 2018	37.6	−1.2%	Cons.
FYE Mar 2019	37.7	+0.3%	Cons.
FYE Mar 2020	35.6	−5.7%	Cons.
FYE Mar 2021	35.3	−0.7%	Cons.
FYE Mar 2022	42.1	+19.3%	Cons.
FYE Mar 2023	48.0	+13.9%	Cons.
FYE Mar 2024	50.1	+4.4%	Cons.
FYE Mar 2025	52.5	+4.7%	Cons.
FYE Mar 2026	52.5	+0.1%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥3.8m

Change · 10 yrs −¥1.8m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	5.6	n/a	Cons.
FYE Mar 2018	4.8	−14.0%	Cons.
FYE Mar 2019	4.2	−13.2%	Cons.
FYE Mar 2020	2.6	−38.5%	Cons.
FYE Mar 2021	2.8	+11.5%	Cons.
FYE Mar 2022	4.6	+60.4%	Cons.
FYE Mar 2023	4.2	−7.2%	Cons.
FYE Mar 2024	5.6	+32.2%	Cons.
FYE Mar 2025	5.5	−2.6%	Cons.
FYE Mar 2026	3.8	−30.1%	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

Daicel’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/4202/company.json ·/api/4202/history.json ·/api/4202/ceo.json ·/api/4202/financials.json ·/api/4202/financials/segment.json ·/api/4202/financials/pl.json ·/api/4202/financials/cf.json ·/api/4202/financials/bs.json ·/api/4202/financials/employee.json ·/api/4202/financials/stock.json ·/api/4202/financials.csv ·/api/4202/financials_history.csv

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