Financials

UBE: FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥462bnYoY −5.0%

FYE Mar 2026 · Operating profit¥19bnYoY +5.0%

FYE Mar 2026 · Net profit¥24bn

FYE Mar 2026 · Equity ratio46.2%YoY +0.6pp

FYE Mar 2026 · Group employees7,968YoY +405

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥617bn	n/a	¥35bn	n/a	5.7%	¥24bn	Yamamoto Yuzuru	European subsidiaries consolidated under UBE Corporation Europe
FYE Mar 2018Consolidated	¥696bn	+12.8%	¥50bn	+43.7%	7.2%	¥32bn	Yamamoto Yuzuru	—
FYE Mar 2019Consolidated	¥730bn	+5.0%	¥45bn	−11.3%	6.1%	¥32bn	Yamamoto Yuzuru	—
FYE Mar 2020Consolidated	¥668bn	−8.5%	¥34bn	−23.6%	5.1%	¥23bn	Yamamoto Yuzuru	Izuhara Masato becomes president
FYE Mar 2021Consolidated	¥614bn	−8.1%	¥26bn	−23.9%	4.2%	¥23bn	Izumihara Masato	—
FYE Mar 2022Consolidated	¥655bn	+6.7%	¥44bn	+70.0%	6.7%	¥25bn	Izumihara Masato	Elastomer business spun off as UBE Elastomer
FYE Mar 2023Consolidated	¥495bn	−24.5%	¥16bn	−63.2%	3.3%	-¥7.0bn	Izumihara Masato	Cement transferred to UBE Mitsubishi Cement; renamed UBE; API Corporation acquired
FYE Mar 2024Consolidated	¥468bn	−5.4%	¥22bn	+38.5%	4.8%	¥29bn	Izumihara Masato	A net loss reported for FY22, the first year after the cement transfer
FYE Mar 2025Consolidated	¥487bn	+4.0%	¥18bn	−19.6%	3.7%	-¥4.8bn	Izumihara Masato	A European maker of mechanically recycled resins acquired
FYE Mar 2026Consolidated	¥462bn	−5.0%	¥19bn	+5.0%	4.1%	¥24bn	Izumihara Masato	—

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%

UBE¥462bnFY2025Operating margin 4.1%

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 ¥462bn

CAGR · 10 yrs −3.1%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	617	n/a	Cons. · Japanese GAAP
FYE Mar 2018	696	+12.8%	Cons. · Japanese GAAP
FYE Mar 2019	730	+5.0%	Cons. · Japanese GAAP
FYE Mar 2020	668	−8.5%	Cons. · Japanese GAAP
FYE Mar 2021	614	−8.1%	Cons. · Japanese GAAP
FYE Mar 2022	655	+6.7%	Cons. · Japanese GAAP
FYE Mar 2023	495	−24.5%	Cons. · Japanese GAAP
FYE Mar 2024	468	−5.4%	Cons. · Japanese GAAP
FYE Mar 2025	487	+4.0%	Cons. · Japanese GAAP
FYE Mar 2026	462	−5.0%	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 ¥359bn

CAGR · 10 yrs −3.6%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	501	n/a	Cons. · Japanese GAAP
FYE Mar 2018	560	+11.9%	Cons. · Japanese GAAP
FYE Mar 2019	600	+7.2%	Cons. · Japanese GAAP
FYE Mar 2020	550	−8.4%	Cons. · Japanese GAAP
FYE Mar 2021	509	−7.3%	Cons. · Japanese GAAP
FYE Mar 2022	527	+3.5%	Cons. · Japanese GAAP
FYE Mar 2023	412	−21.8%	Cons. · Japanese GAAP
FYE Mar 2024	382	−7.4%	Cons. · Japanese GAAP
FYE Mar 2025	396	+3.8%	Cons. · Japanese GAAP
FYE Mar 2026	359	−9.3%	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 ¥103bn

CAGR · 10 yrs −1.3%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	116	n/a	Cons. · Japanese GAAP
FYE Mar 2018	135	+16.9%	Cons. · Japanese GAAP
FYE Mar 2019	130	−4.1%	Cons. · Japanese GAAP
FYE Mar 2020	118	−9.0%	Cons. · Japanese GAAP
FYE Mar 2021	105	−11.5%	Cons. · Japanese GAAP
FYE Mar 2022	128	+22.3%	Cons. · Japanese GAAP
FYE Mar 2023	82.5	−35.5%	Cons. · Japanese GAAP
FYE Mar 2024	86.7	+5.0%	Cons. · Japanese GAAP
FYE Mar 2025	90.9	+4.9%	Cons. · Japanese GAAP
FYE Mar 2026	103	+13.8%	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 ¥85bn

CAGR · 10 yrs +0.5%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	81.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	85.2	+5.3%	Cons. · Japanese GAAP
FYE Mar 2019	85.3	+0.1%	Cons. · Japanese GAAP
FYE Mar 2020	84.2	−1.3%	Cons. · Japanese GAAP
FYE Mar 2021	78.7	−6.5%	Cons. · Japanese GAAP
FYE Mar 2022	83.9	+6.6%	Cons. · Japanese GAAP
FYE Mar 2023	66.3	−20.9%	Cons. · Japanese GAAP
FYE Mar 2024	64.3	−3.1%	Cons. · Japanese GAAP
FYE Mar 2025	72.9	+13.4%	Cons. · Japanese GAAP
FYE Mar 2026	84.5	+16.0%	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 ¥19bn

CAGR · 10 yrs −6.6%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	35.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	50.3	+43.7%	Cons. · Japanese GAAP
FYE Mar 2019	44.6	−11.3%	Cons. · Japanese GAAP
FYE Mar 2020	34.0	−23.6%	Cons. · Japanese GAAP
FYE Mar 2021	25.9	−23.9%	Cons. · Japanese GAAP
FYE Mar 2022	44.0	+70.0%	Cons. · Japanese GAAP
FYE Mar 2023	16.2	−63.2%	Cons. · Japanese GAAP
FYE Mar 2024	22.5	+38.5%	Cons. · Japanese GAAP
FYE Mar 2025	18.0	−19.6%	Cons. · Japanese GAAP
FYE Mar 2026	18.9	+5.0%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥25bn

CAGR · 10 yrs +16.8%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	6.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.7	+25.5%	Cons. · Japanese GAAP
FYE Mar 2019	11.4	+48.0%	Cons. · Japanese GAAP
FYE Mar 2020	9.9	−12.9%	Cons. · Japanese GAAP
FYE Mar 2021	5.8	−41.5%	Cons. · Japanese GAAP
FYE Mar 2022	5.8	−0.1%	Cons. · Japanese GAAP
FYE Mar 2023	4.4	−24.5%	Cons. · Japanese GAAP
FYE Mar 2024	19.6	+348.0%	Cons. · Japanese GAAP
FYE Mar 2025	10.5	−46.2%	Cons. · Japanese GAAP
FYE Mar 2026	24.8	+135.1%	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 ¥6.2bn

CAGR · 10 yrs −2.4%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.2	−6.8%	Cons. · Japanese GAAP
FYE Mar 2019	8.1	+12.0%	Cons. · Japanese GAAP
FYE Mar 2020	8.2	+1.8%	Cons. · Japanese GAAP
FYE Mar 2021	8.4	+2.3%	Cons. · Japanese GAAP
FYE Mar 2022	8.3	−1.5%	Cons. · Japanese GAAP
FYE Mar 2023	29.3	+254.3%	Cons. · Japanese GAAP
FYE Mar 2024	5.7	−80.6%	Cons. · Japanese GAAP
FYE Mar 2025	6.2	+9.0%	Cons. · Japanese GAAP
FYE Mar 2026	6.2	−0.0%	Cons. · Japanese GAAP

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

Ordinary profit keijo rieki

FYE Mar 2026 ¥38bn

CAGR · 10 yrs +1.3%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	33.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	50.7	+52.1%	Cons. · Japanese GAAP
FYE Mar 2019	47.9	−5.7%	Cons. · Japanese GAAP
FYE Mar 2020	35.7	−25.3%	Cons. · Japanese GAAP
FYE Mar 2021	23.3	−34.8%	Cons. · Japanese GAAP
FYE Mar 2022	41.5	+78.4%	Cons. · Japanese GAAP
FYE Mar 2023	-8.7	−121.0%	Cons. · Japanese GAAP
FYE Mar 2024	36.3	n/a	Cons. · Japanese GAAP
FYE Mar 2025	22.4	−38.4%	Cons. · Japanese GAAP
FYE Mar 2026	37.5	+67.6%	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 ¥0.3bn

CAGR · 10 yrs −20.4%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	2.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.7	−71.1%	Cons. · Japanese GAAP
FYE Mar 2019	0.9	+15.7%	Cons. · Japanese GAAP
FYE Mar 2020	1.3	+52.3%	Cons. · Japanese GAAP
FYE Mar 2021	3.2	+141.2%	Cons. · Japanese GAAP
FYE Mar 2022	0.7	−78.0%	Cons. · Japanese GAAP
FYE Mar 2023	10.4	+1390.4%	Cons. · Japanese GAAP
FYE Mar 2024	1.1	−89.8%	Cons. · Japanese GAAP
FYE Mar 2025	3.6	+242.0%	Cons. · Japanese GAAP
FYE Mar 2026	0.3	−90.9%	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 ¥24bn

CAGR · 10 yrs −0.1%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	24.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	31.7	+31.0%	Cons. · Japanese GAAP
FYE Mar 2019	32.5	+2.6%	Cons. · Japanese GAAP
FYE Mar 2020	23.0	−29.3%	Cons. · Japanese GAAP
FYE Mar 2021	22.9	−0.2%	Cons. · Japanese GAAP
FYE Mar 2022	24.5	+6.8%	Cons. · Japanese GAAP
FYE Mar 2023	-7.0	−128.7%	Cons. · Japanese GAAP
FYE Mar 2024	29.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-4.8	−116.6%	Cons. · Japanese GAAP
FYE Mar 2026	23.9	n/a	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 22.4%

Average · 10 yrs 18.7%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	18.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.5	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	17.8	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	17.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	17.0	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	19.5	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2023	16.7	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2024	18.5	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2025	18.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	22.4	+3.7pp	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 4.1%

Average · 10 yrs 5.1%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	5.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.2	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2019	6.1	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2020	5.1	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	4.2	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	6.7	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2023	3.3	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2024	4.8	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2025	3.7	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	4.1	+0.4pp	Cons. · Japanese GAAP

Definition: The share of revenue the core business keeps
Formula: Operating profit ÷ revenue
Source: Securities report (XBRL)

Ordinary margin

FYE Mar 2026 8.1%

Average · 10 yrs 5.3%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	5.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.3	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2019	6.6	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	5.3	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	3.8	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2022	6.3	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2023	-1.8	−8.1pp	Cons. · Japanese GAAP
FYE Mar 2024	7.8	+9.5pp	Cons. · Japanese GAAP
FYE Mar 2025	4.6	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2026	8.1	+3.5pp	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 5.2%

Average · 10 yrs 3.3%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	3.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.6	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	4.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	3.4	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	3.7	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	3.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2023	-1.4	−5.2pp	Cons. · Japanese GAAP
FYE Mar 2024	6.2	+7.6pp	Cons. · Japanese GAAP
FYE Mar 2025	-1.0	−7.2pp	Cons. · Japanese GAAP
FYE Mar 2026	5.2	+6.2pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Mar 2026 77.6%

Average · 10 yrs 81.3%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	81.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	80.5	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	82.2	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	82.3	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	83.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	80.5	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2023	83.3	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2024	81.5	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2025	81.3	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	77.6	−3.7pp	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 18.3%

Average · 10 yrs 13.6%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	13.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.3	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	11.7	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	12.6	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	12.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	12.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2023	13.4	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	13.7	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	15.0	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2026	18.3	+3.3pp	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 ¥946bn

CAGR · 10 yrs +3.3%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	709	n/a	Cons. · Japanese GAAP
FYE Mar 2018	742	+4.7%	Cons. · Japanese GAAP
FYE Mar 2019	740	−0.3%	Cons. · Japanese GAAP
FYE Mar 2020	727	−1.8%	Cons. · Japanese GAAP
FYE Mar 2021	770	+5.8%	Cons. · Japanese GAAP
FYE Mar 2022	838	+8.9%	Cons. · Japanese GAAP
FYE Mar 2023	733	−12.6%	Cons. · Japanese GAAP
FYE Mar 2024	789	+7.7%	Cons. · Japanese GAAP
FYE Mar 2025	866	+9.7%	Cons. · Japanese GAAP
FYE Mar 2026	946	+9.3%	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 ¥437bn

CAGR · 10 yrs +4.8%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	287	n/a	Cons. · Japanese GAAP
FYE Mar 2018	316	+10.0%	Cons. · Japanese GAAP
FYE Mar 2019	330	+4.5%	Cons. · Japanese GAAP
FYE Mar 2020	333	+0.9%	Cons. · Japanese GAAP
FYE Mar 2021	360	+8.0%	Cons. · Japanese GAAP
FYE Mar 2022	370	+2.8%	Cons. · Japanese GAAP
FYE Mar 2023	362	−2.2%	Cons. · Japanese GAAP
FYE Mar 2024	409	+13.0%	Cons. · Japanese GAAP
FYE Mar 2025	395	−3.3%	Cons. · Japanese GAAP
FYE Mar 2026	437	+10.7%	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 ¥263bn

CAGR · 10 yrs +7.0%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	144	n/a	Cons. · Japanese GAAP
FYE Mar 2018	134	−6.7%	Cons. · Japanese GAAP
FYE Mar 2019	126	−6.2%	Cons. · Japanese GAAP
FYE Mar 2020	128	+1.8%	Cons. · Japanese GAAP
FYE Mar 2021	139	+8.9%	Cons. · Japanese GAAP
FYE Mar 2022	159	+14.3%	Cons. · Japanese GAAP
FYE Mar 2023	151	−5.4%	Cons. · Japanese GAAP
FYE Mar 2024	139	−7.8%	Cons. · Japanese GAAP
FYE Mar 2025	226	+63.0%	Cons. · Japanese GAAP
FYE Mar 2026	263	+16.1%	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 ¥81bn

CAGR · 10 yrs +0.7%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	75.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	69.8	−8.1%	Cons. · Japanese GAAP
FYE Mar 2019	51.4	−26.4%	Cons. · Japanese GAAP
FYE Mar 2020	43.5	−15.4%	Cons. · Japanese GAAP
FYE Mar 2021	38.0	−12.5%	Cons. · Japanese GAAP
FYE Mar 2022	61.5	+61.7%	Cons. · Japanese GAAP
FYE Mar 2023	58.1	−5.5%	Cons. · Japanese GAAP
FYE Mar 2024	63.4	+9.0%	Cons. · Japanese GAAP
FYE Mar 2025	79.8	+26.0%	Cons. · Japanese GAAP
FYE Mar 2026	80.8	+1.2%	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 ¥182bn

CAGR · 10 yrs +9.9%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	77.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	64.1	−17.4%	Cons. · Japanese GAAP
FYE Mar 2019	74.3	+15.8%	Cons. · Japanese GAAP
FYE Mar 2020	84.4	+13.7%	Cons. · Japanese GAAP
FYE Mar 2021	101	+19.9%	Cons. · Japanese GAAP
FYE Mar 2022	115	+13.3%	Cons. · Japanese GAAP
FYE Mar 2023	95.5	−16.7%	Cons. · Japanese GAAP
FYE Mar 2024	75.6	−20.9%	Cons. · Japanese GAAP
FYE Mar 2025	156	+106.0%	Cons. · Japanese GAAP
FYE Mar 2026	182	+17.1%	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 · 9 yrs +6.3%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	55.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	60.2	+9.1%	Cons. · Japanese GAAP
FYE Mar 2019	60.2	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	60.2	−0.0%	Cons. · Japanese GAAP
FYE Mar 2021	70.2	+16.6%	Cons. · Japanese GAAP
FYE Mar 2022	60.1	−14.3%	Cons. · Japanese GAAP
FYE Mar 2023	60.1	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	70.2	+16.6%	Cons. · Japanese GAAP
FYE Mar 2025	90.2	+28.6%	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 ¥59bn

CAGR · 10 yrs +30.4%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	5.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.0	−6.8%	Cons. · Japanese GAAP
FYE Mar 2019	7.1	+41.9%	Cons. · Japanese GAAP
FYE Mar 2020	7.4	+4.3%	Cons. · Japanese GAAP
FYE Mar 2021	7.7	+3.5%	Cons. · Japanese GAAP
FYE Mar 2022	8.5	+11.4%	Cons. · Japanese GAAP
FYE Mar 2023	8.8	+2.9%	Cons. · Japanese GAAP
FYE Mar 2024	8.6	−2.5%	Cons. · Japanese GAAP
FYE Mar 2025	11.7	+36.1%	Cons. · Japanese GAAP
FYE Mar 2026	58.7	+403.0%	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 ¥32bn

Average · 10 yrs ¥4.0bn

Fiscal year	Goodwill ¥ 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	0.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	0.5	−18.5%	Cons. · Japanese GAAP
FYE Mar 2021	0.7	+37.4%	Cons. · Japanese GAAP
FYE Mar 2022	0.9	+19.0%	Cons. · Japanese GAAP
FYE Mar 2023	1.5	+71.8%	Cons. · Japanese GAAP
FYE Mar 2024	1.4	−1.6%	Cons. · Japanese GAAP
FYE Mar 2025	2.4	+67.0%	Cons. · Japanese GAAP
FYE Mar 2026	32.2	+1233.6%	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 46.2%

Average · 10 yrs 45.7%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	40.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	42.6	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2019	44.6	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2020	45.8	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	46.7	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	44.1	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2023	49.4	+5.3pp	Cons. · Japanese GAAP
FYE Mar 2024	51.8	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2025	45.6	−6.2pp	Cons. · Japanese GAAP
FYE Mar 2026	46.2	+0.6pp	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 60.1%

Average · 10 yrs 44.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	50.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	42.4	−7.6pp	Cons. · Japanese GAAP
FYE Mar 2019	38.1	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2020	38.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	38.7	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	43.1	+4.3pp	Cons. · Japanese GAAP
FYE Mar 2023	41.7	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	34.0	−7.7pp	Cons. · Japanese GAAP
FYE Mar 2025	57.3	+23.3pp	Cons. · Japanese GAAP
FYE Mar 2026	60.1	+2.8pp	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 5.5%

Average · 10 yrs 5.8%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	8.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.0	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2019	9.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	6.9	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2021	6.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	6.6	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	-1.9	−8.6pp	Cons. · Japanese GAAP
FYE Mar 2024	7.1	+9.0pp	Cons. · Japanese GAAP
FYE Mar 2025	-1.2	−8.3pp	Cons. · Japanese GAAP
FYE Mar 2026	5.5	+6.7pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 2.5%

Average · 10 yrs 2.6%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	3.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	4.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	3.2	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	3.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	2.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	-1.0	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2024	3.7	+4.6pp	Cons. · Japanese GAAP
FYE Mar 2025	-0.6	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2026	2.5	+3.1pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.49×

CAGR · 10 yrs −6.2%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.87	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.94	+7.8%	Cons. · Japanese GAAP
FYE Mar 2019	0.99	+5.3%	Cons. · Japanese GAAP
FYE Mar 2020	0.92	−6.9%	Cons. · Japanese GAAP
FYE Mar 2021	0.80	−13.2%	Cons. · Japanese GAAP
FYE Mar 2022	0.78	−2.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.68	−13.6%	Cons. · Japanese GAAP
FYE Mar 2024	0.59	−12.1%	Cons. · Japanese GAAP
FYE Mar 2025	0.56	−5.2%	Cons. · Japanese GAAP
FYE Mar 2026	0.49	−13.1%	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 ¥60bn

CAGR · 10 yrs +1.3%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	53.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	73.4	+37.4%	Cons. · Japanese GAAP
FYE Mar 2019	50.5	−31.2%	Cons. · Japanese GAAP
FYE Mar 2020	68.5	+35.7%	Cons. · Japanese GAAP
FYE Mar 2021	66.1	−3.6%	Cons. · Japanese GAAP
FYE Mar 2022	32.7	−50.5%	Cons. · Japanese GAAP
FYE Mar 2023	18.1	−44.6%	Cons. · Japanese GAAP
FYE Mar 2024	53.0	+192.2%	Cons. · Japanese GAAP
FYE Mar 2025	35.8	−32.3%	Cons. · Japanese GAAP
FYE Mar 2026	60.0	+67.4%	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 -¥140bn

Average · 10 yrs -¥50bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-40.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-34.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-42.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-40.6	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-39.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-43.4	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-26.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-33.3	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-63.2	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-140	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 ¥13bn

Average · 10 yrs ¥3.6bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-17.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-28.6	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-24.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-18.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	10.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	8.4	−22.9%	Cons. · Japanese GAAP
FYE Mar 2023	2.4	−70.8%	Cons. · Japanese GAAP
FYE Mar 2024	-15.7	−743.1%	Cons. · Japanese GAAP
FYE Mar 2025	106	n/a	Cons. · Japanese GAAP
FYE Mar 2026	13.0	−87.7%	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 ¥53bn

CAGR · 10 yrs +4.4%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	35.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	48.5	+35.5%	Cons. · Japanese GAAP
FYE Mar 2019	32.3	−33.5%	Cons. · Japanese GAAP
FYE Mar 2020	40.6	+25.7%	Cons. · Japanese GAAP
FYE Mar 2021	79.6	+96.1%	Cons. · Japanese GAAP
FYE Mar 2022	78.8	−1.1%	Cons. · Japanese GAAP
FYE Mar 2023	30.7	−61.0%	Cons. · Japanese GAAP
FYE Mar 2024	35.9	+16.8%	Cons. · Japanese GAAP
FYE Mar 2025	115	+221.9%	Cons. · Japanese GAAP
FYE Mar 2026	52.6	−54.5%	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 -¥80bn

Average · 10 yrs ¥0.8bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	12.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	39.4	+213.0%	Cons. · Japanese GAAP
FYE Mar 2019	7.8	−80.2%	Cons. · Japanese GAAP
FYE Mar 2020	27.9	+257.2%	Cons. · Japanese GAAP
FYE Mar 2021	26.6	−4.4%	Cons. · Japanese GAAP
FYE Mar 2022	-10.7	−140.1%	Cons. · Japanese GAAP
FYE Mar 2023	-7.9	n/a	Cons. · Japanese GAAP
FYE Mar 2024	19.6	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-27.3	−239.1%	Cons. · Japanese GAAP
FYE Mar 2026	-80.2	n/a	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 13.0%

Average · 10 yrs 8.7%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	8.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.6	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2019	6.9	−3.6pp	Cons. · Japanese GAAP
FYE Mar 2020	10.3	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2021	10.8	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	5.0	−5.8pp	Cons. · Japanese GAAP
FYE Mar 2023	3.7	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2024	11.3	+7.6pp	Cons. · Japanese GAAP
FYE Mar 2025	7.4	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2026	13.0	+5.6pp	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 -¥210bn

Average · 10 yrs -¥106bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-108	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-85.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-93.4	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-87.3	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-59.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-80.4	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-120	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-103	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-111	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-210	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 ¥258bn

Change · 8 yrs −¥8.3bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	266	n/a
FYE Mar 2018	330	n/a
FYE Mar 2019	241	n/a
FYE Mar 2020	176	n/a
FYE Mar 2021	250	n/a
FYE Mar 2022	212	n/a
FYE Mar 2023	n/a	n/a
FYE Mar 2024	290	n/a
FYE Mar 2025	n/a	n/a
FYE Mar 2026	258	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 2,431¥

Change · 8 yrs +2,180¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	251	n/a
FYE Mar 2018	3,104	n/a
FYE Mar 2019	2,274	n/a
FYE Mar 2020	1,657	n/a
FYE Mar 2021	2,359	n/a
FYE Mar 2022	1,997	n/a
FYE Mar 2023	n/a	n/a
FYE Mar 2024	2,726	n/a
FYE Mar 2025	n/a	n/a
FYE Mar 2026	2,431	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 106,200,000shares

Change · 10 yrs −955,801,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	1,062,001,000	Parent
FYE Mar 2018	106,200,000	Parent
FYE Mar 2019	106,200,000	Parent
FYE Mar 2020	106,200,000	Parent
FYE Mar 2021	106,200,000	Parent
FYE Mar 2022	106,200,000	Parent
FYE Mar 2023	106,200,000	Parent
FYE Mar 2024	106,200,000	Parent
FYE Mar 2025	106,200,000	Parent
FYE Mar 2026	106,200,000	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 245.76¥

Change · 10 yrs +17.26¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	228.50	Cons.
FYE Mar 2018	301.65	Cons.
FYE Mar 2019	312.36	Cons.
FYE Mar 2020	227.33	Cons.
FYE Mar 2021	226.79	Cons.
FYE Mar 2022	249.31	Cons.
FYE Mar 2023	-72.54	Cons.
FYE Mar 2024	298.59	Cons.
FYE Mar 2025	-49.60	Cons.
FYE Mar 2026	245.76	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 4,116.88¥

Change · 10 yrs +3,846.43¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	270.45	Cons. · Japanese GAAP
FYE Mar 2018	2,975.74	Cons. · Japanese GAAP
FYE Mar 2019	3,108.72	Cons. · Japanese GAAP
FYE Mar 2020	3,135.29	Cons. · Japanese GAAP
FYE Mar 2021	3,385.69	Cons. · Japanese GAAP
FYE Mar 2022	3,480.72	Cons. · Japanese GAAP
FYE Mar 2023	3,405.67	Cons. · Japanese GAAP
FYE Mar 2024	3,848.88	Cons. · Japanese GAAP
FYE Mar 2025	3,720.36	Cons. · Japanese GAAP
FYE Mar 2026	4,116.88	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 9.89×

Average · 8 yrs 9.16×

Fiscal year	PER ×	Basis
FYE Mar 2017	10.98	Cons.
FYE Mar 2018	10.29	Cons.
FYE Mar 2019	7.28	Cons.
FYE Mar 2020	7.29	Cons.
FYE Mar 2021	10.40	Cons.
FYE Mar 2022	8.01	Cons.
FYE Mar 2023	n/a	Cons.
FYE Mar 2024	9.13	Cons.
FYE Mar 2025	n/a	Cons.
FYE Mar 2026	9.89	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 0.54×

Average · 8 yrs 0.69×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.93	Cons.
FYE Mar 2018	1.03	Cons.
FYE Mar 2019	0.70	Cons.
FYE Mar 2020	0.50	Cons.
FYE Mar 2021	0.66	Cons.
FYE Mar 2022	0.52	Cons.
FYE Mar 2023	n/a	Cons.
FYE Mar 2024	0.65	Cons.
FYE Mar 2025	n/a	Cons.
FYE Mar 2026	0.54	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 7,968people

Change · 10 yrs −2,960 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	10,928	n/a	Cons.
FYE Mar 2018	10,799	−1.2%	Cons.
FYE Mar 2019	11,010	+2.0%	Cons.
FYE Mar 2020	10,890	−1.1%	Cons.
FYE Mar 2021	10,897	+0.1%	Cons.
FYE Mar 2022	9,849	−9.6%	Cons.
FYE Mar 2023	8,028	−18.5%	Cons.
FYE Mar 2024	7,882	−1.8%	Cons.
FYE Mar 2025	7,563	−4.0%	Cons.
FYE Mar 2026	7,968	+5.4%	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 2,778people

Change · 10 yrs −834 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	3,612	n/a	Parent
FYE Mar 2018	3,555	−1.6%	Parent
FYE Mar 2019	3,298	−7.2%	Parent
FYE Mar 2020	3,329	+0.9%	Parent
FYE Mar 2021	3,318	−0.3%	Parent
FYE Mar 2022	2,058	−38.0%	Parent
FYE Mar 2023	2,216	+7.7%	Parent
FYE Mar 2024	2,243	+1.2%	Parent
FYE Mar 2025	2,693	+20.1%	Parent
FYE Mar 2026	2,778	+3.2%	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 775万円

Change · 10 yrs +108万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	667	n/a	Parent
FYE Mar 2018	659	−1.2%	Parent
FYE Mar 2019	689	+4.6%	Parent
FYE Mar 2020	693	+0.5%	Parent
FYE Mar 2021	698	+0.8%	Parent
FYE Mar 2022	700	+0.3%	Parent
FYE Mar 2023	745	+6.4%	Parent
FYE Mar 2024	756	+1.4%	Parent
FYE Mar 2025	774	+2.4%	Parent
FYE Mar 2026	775	−0.0%	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 43.4years

Change · 8 yrs +1.9 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	41.5	n/a	Parent
FYE Mar 2020	41.7	+0.5%	Parent
FYE Mar 2021	41.7	−0.0%	Parent
FYE Mar 2022	42.4	+1.7%	Parent
FYE Mar 2023	42.6	+0.5%	Parent
FYE Mar 2024	42.9	+0.7%	Parent
FYE Mar 2025	43.1	+0.5%	Parent
FYE Mar 2026	43.4	+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 · 10 yrs −0.1 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	15.4	n/a	Parent
FYE Mar 2018	15.5	+0.6%	Parent
FYE Mar 2019	15.8	+1.9%	Parent
FYE Mar 2020	15.9	+0.6%	Parent
FYE Mar 2021	16.0	+0.6%	Parent
FYE Mar 2022	16.4	+2.5%	Parent
FYE Mar 2023	15.3	−6.7%	Parent
FYE Mar 2024	16.0	+4.6%	Parent
FYE Mar 2025	15.8	−1.2%	Parent
FYE Mar 2026	15.3	−3.2%	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)

Revenue per employee

FYE Mar 2026 ¥58.0m

Change · 10 yrs +¥1.6m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	56.4	n/a	Cons.
FYE Mar 2018	64.4	+14.2%	Cons.
FYE Mar 2019	66.3	+3.0%	Cons.
FYE Mar 2020	61.3	−7.5%	Cons.
FYE Mar 2021	56.3	−8.1%	Cons.
FYE Mar 2022	66.5	+18.1%	Cons.
FYE Mar 2023	61.6	−7.4%	Cons.
FYE Mar 2024	59.4	−3.6%	Cons.
FYE Mar 2025	64.4	+8.4%	Cons.
FYE Mar 2026	58.0	−9.9%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥2.4m

Change · 10 yrs −¥0.8m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	3.2	n/a	Cons.
FYE Mar 2018	4.7	+45.5%	Cons.
FYE Mar 2019	4.0	−13.0%	Cons.
FYE Mar 2020	3.1	−22.8%	Cons.
FYE Mar 2021	2.4	−23.9%	Cons.
FYE Mar 2022	4.5	+88.1%	Cons.
FYE Mar 2023	2.0	−54.8%	Cons.
FYE Mar 2024	2.8	+41.1%	Cons.
FYE Mar 2025	2.4	−16.3%	Cons.
FYE Mar 2026	2.4	−0.4%	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 →

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