Financials
Dentsu Group: 25 fiscal years of results, 2002–2025
- Revenue · FYE Dec 2025
- ¥1.44tn
- Operating profit · FYE Dec 2025
- -¥289bn
- Net profit · FYE Dec 2025
- -¥328bn
- Total assets
- ¥3.21tn
- Equity ratio
- 9.4%
- Fiscal years on record
- 25 · 2002–2025
This page carries 25 fiscal years of results, from 2002 to 2025. Revenue peaked in 2015 and has not returned to that level since. The company reported a net loss in 6 of those years, most recently in 2025.
Dentsu Group: long-term performance & turning pointsSales (revenue) and profit-margin ratio
Sales (¥ bn)Net margin (%)| Fiscal year | Unit | 2002 *1 FYE Mar | 2003 *1 FYE Mar | 2004 *1 FYE Mar | 2005 *1 FYE Mar | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 FYE Mar | 2015 *1 FYE Dec | 2016 *1 FYE Dec | 2017 *1 FYE Dec | 2018 *1 FYE Dec | 2019 *1 FYE Dec | 2020 *1 FYE Dec | 2021 *1 FYE Dec | 2022 *1 FYE Dec | 2023 *1 FYE Dec | 2024 *1 FYE Dec | 2025 *1 FYE Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | JPY | ¥1.79tn | ¥1.69tn | ¥1.75tn | ¥1.91tn | ¥1.96tn | ¥2.09tn | ¥2.06tn | ¥1.89tn | ¥1.68tn | ¥1.83tn | ¥1.89tn | ¥1.94tn | ¥2.31tn | ¥2.42tn | ¥706bn | ¥838bn | ¥929bn | ¥1.02tn | ¥1.05tn | ¥939bn | ¥1.09tn | ¥1.25tn | ¥1.30tn | ¥1.41tn | ¥1.44tn |
| YoY | % | — | -5.4% | +3.3% | +9.2% | +2.8% | +6.7% | -1.7% | -8.3% | -11.1% | +9.2% | +3.3% | +2.5% | +19.0% | +4.8% | — | +18.7% | +10.8% | +9.7% | +2.9% | -10.4% | +15.6% | +14.8% | +4.7% | +8.2% | +1.7% |
| Operating profit | JPY | — | — | — | — | ¥59bn | ¥63bn | ¥56bn | ¥43bn | ¥37bn | ¥51bn | ¥52bn | ¥59bn | ¥72bn | ¥132bn | ¥107bn | ¥138bn | ¥137bn | ¥112bn | -¥3.4bn | -¥141bn | ¥242bn | ¥118bn | ¥45bn | -¥125bn | -¥289bn |
| YoY | % | — | — | — | — | — | +6.8% | -10.7% | -23.0% | -13.7% | +36.5% | +2.2% | +12.5% | +22.2% | +85.0% | — | +28.3% | -0.2% | -18.8% | -103.0% | — | — | -51.4% | -61.5% | -375.9% | — |
| Ordinary profit | JPY | ¥60bn | ¥45bn | ¥47bn | ¥59bn | ¥65bn | ¥70bn | ¥68bn | ¥53bn | ¥45bn | ¥54bn | ¥63bn | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net profit | JPY | ¥28bn | ¥23bn | ¥31bn | ¥28bn | ¥31bn | ¥31bn | ¥36bn | -¥21bn | ¥31bn | ¥22bn | ¥30bn | ¥36bn | ¥39bn | ¥46bn | ¥73bn | ¥84bn | ¥105bn | ¥90bn | -¥81bn | -¥160bn | ¥108bn | ¥60bn | -¥11bn | -¥192bn | -¥328bn |
| YoY | % | — | -16.4% | +34.3% | -11.0% | +12.7% | -1.0% | +17.9% | -156.6% | — | -30.5% | +37.0% | +22.6% | +6.9% | +18.0% | — | +15.0% | +26.2% | -14.3% | -189.5% | — | — | -44.8% | -117.9% | — | — |
| Operating margin | % | — | — | — | — | 3.0% | 3.0% | 2.7% | 2.3% | 2.2% | 2.8% | 2.7% | 3.0% | 3.1% | 5.5% | 15.2% | 16.4% | 14.8% | 11.0% | -0.3% | -15.0% | 22.3% | 9.4% | 3.5% | -8.9% | -20.2% |
| Net margin | % | 1.5% | 1.4% | 1.8% | 1.4% | 1.6% | 1.5% | 1.8% | -1.1% | 1.9% | 1.2% | 1.6% | 1.9% | 1.7% | 1.9% | 10.3% | 10.0% | 11.3% | 8.9% | -7.7% | -17.0% | 10.0% | 4.8% | -0.8% | -13.6% | -22.8% |
| Standard | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | IFRS | IFRS | IFRS | IFRS | IFRS | IFRS | IFRS | IFRS | IFRS | IFRS | IFRS | IFRS | IFRS | IFRS | |
| Basis | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
- *1 Securities report
Cost structure Cost of sales SG&A Other operating costs Operating profit Operating margin
Where each yen of revenue goes — cost of sales, SG&A and what is left as operating profit (¥ bn, stacked)
| Fiscal year | Unit | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2015 *1 FYE Dec | 2016 *1 FYE Dec | 2017 *1 FYE Dec | 2018 *1 FYE Dec | 2019 *1 FYE Dec | 2020 *1 FYE Dec | 2021 *1 FYE Dec | 2022 *1 FYE Dec | 2023 *1 FYE Dec | 2024 *1 FYE Dec | 2025 *1 FYE Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | JPY | ¥1.96tn | ¥2.09tn | ¥2.06tn | ¥1.89tn | ¥1.68tn | ¥1.83tn | ¥1.89tn | ¥1.94tn | ¥2.31tn | ¥729bn | ¥706bn | ¥838bn | ¥929bn | ¥1.02tn | ¥1.05tn | ¥939bn | ¥1.09tn | ¥1.25tn | ¥1.30tn | ¥1.41tn | ¥1.44tn |
| YoY | % | — | +6.7% | -1.7% | -8.3% | -11.1% | +9.2% | +3.3% | +2.5% | +19.0% | -68.4% | — | +18.7% | +10.8% | +9.7% | +2.9% | -10.4% | +15.6% | +14.8% | +4.7% | +8.2% | +1.7% |
| Cost of sales | JPY | ¥1.64tn | ¥1.75tn | ¥1.71tn | ¥1.57tn | ¥1.38tn | ¥1.52tn | ¥1.56tn | ¥1.60tn | ¥1.72tn | ¥52bn | ¥37bn | ¥49bn | ¥51bn | ¥86bn | ¥108bn | ¥104bn | ¥109bn | ¥127bn | ¥160bn | ¥209bn | ¥238bn |
| SG&A | JPY | ¥267bn | ¥286bn | ¥289bn | ¥271bn | ¥259bn | ¥267bn | ¥281bn | ¥287bn | ¥523bn | ¥572bn | ¥566bn | ¥660bn | ¥752bn | ¥820bn | ¥835bn | ¥740bn | ¥833bn | ¥951bn | ¥1.02tn | ¥1.07tn | ¥1.05tn |
| Other operating costs | JPY | — | — | — | — | — | — | — | — | — | -¥27bn | — | — | — | — | ¥108bn | ¥235bn | -¥99bn | ¥51bn | ¥81bn | ¥261bn | ¥438bn |
| Operating profit | JPY | ¥59bn | ¥63bn | ¥56bn | ¥43bn | ¥37bn | ¥51bn | ¥52bn | ¥58bn | ¥71bn | ¥132bn | ¥107bn | ¥138bn | ¥137bn | ¥112bn | -¥3.4bn | -¥141bn | ¥242bn | ¥118bn | ¥45bn | -¥125bn | -¥289bn |
| YoY | % | — | +6.9% | -10.7% | -23.1% | -13.6% | +36.5% | +2.0% | +12.5% | +22.3% | +85.1% | — | +28.4% | -0.2% | -18.7% | -103.0% | — | — | -51.4% | -61.5% | -375.8% | — |
| Operating margin | % | 3.0% | 3.0% | 2.7% | 2.3% | 2.2% | 2.8% | 2.7% | 3.0% | 3.1% | 18.2% | 15.2% | 16.4% | 14.8% | 11.0% | -0.3% | -15.0% | 22.3% | 9.4% | 3.5% | -8.9% | -20.2% |
| Change | pp | — | 0.0pp | -0.3pp | -0.4pp | -0.1pp | +0.6pp | -0.1pp | +0.3pp | +0.1pp | +15.1pp | — | +1.2pp | -1.6pp | -3.8pp | -11.3pp | -14.7pp | +37.3pp | -12.9pp | -5.9pp | -12.4pp | -11.3pp |
- *1 Securities report (yuka shoken hokokusho), as filed
Balance sheet Total assets Equity Interest-bearing debt Equity ratio
Total assets, equity and interest-bearing debt (¥ bn), with the equity ratio (%)
| Fiscal year | Unit | 2002 *1 FYE Mar | 2003 *1 FYE Mar | 2004 *1 FYE Mar | 2005 *1 FYE Mar | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2015 *1 FYE Dec | 2016 *1 FYE Dec | 2017 *1 FYE Dec | 2018 *1 FYE Dec | 2019 *1 FYE Dec | 2020 *1 FYE Dec | 2021 *1 FYE Dec | 2022 *1 FYE Dec | 2023 *1 FYE Dec | 2024 *1 FYE Dec | 2025 *1 FYE Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | JPY | ¥1.10tn | ¥1.19tn | ¥1.19tn | ¥1.24tn | ¥1.28tn | ¥1.27tn | ¥1.25tn | ¥1.09tn | ¥1.12tn | ¥1.13tn | ¥1.20tn | ¥2.21tn | ¥2.64tn | ¥3.08tn | ¥3.07tn | ¥3.16tn | ¥3.56tn | ¥3.64tn | ¥3.80tn | ¥3.36tn | ¥3.72tn | ¥3.74tn | ¥3.63tn | ¥3.51tn | ¥3.21tn |
| YoY | % | — | +8.2% | +0.2% | +4.3% | +3.0% | -0.8% | -1.3% | -12.7% | +2.4% | +1.3% | +6.1% | +83.5% | +19.6% | +16.6% | — | +2.9% | +12.9% | +2.1% | +4.3% | -11.4% | +10.6% | +0.6% | -2.9% | -3.5% | -8.6% |
| Equity | JPY | ¥441bn | ¥442bn | ¥470bn | ¥492bn | ¥521bn | ¥554bn | ¥567bn | ¥452bn | ¥484bn | ¥493bn | ¥536bn | ¥609bn | ¥908bn | ¥1.06tn | ¥1.07tn | ¥933bn | ¥1.09tn | ¥984bn | ¥897bn | ¥677bn | ¥781bn | ¥805bn | ¥771bn | ¥625bn | ¥302bn |
| YoY | % | — | +0.1% | +6.3% | +4.8% | +5.9% | +6.3% | +2.4% | -20.3% | +7.1% | +1.8% | +8.8% | +13.5% | +49.3% | +16.4% | — | -12.7% | +17.2% | -9.9% | -8.8% | -24.5% | +15.2% | +3.2% | -4.3% | -18.9% | -51.7% |
| Interest-bearing debt | JPY | — | — | — | — | ¥117bn | ¥116bn | ¥97bn | ¥125bn | ¥120bn | ¥82bn | ¥84bn | ¥212bn | ¥365bn | ¥410bn | ¥354bn | ¥404bn | ¥461bn | ¥539bn | ¥624bn | ¥585bn | ¥579bn | ¥532bn | ¥494bn | ¥547bn | ¥468bn |
| Equity ratio | % | 40.2% | 37.2% | 39.5% | 39.7% | 40.8% | 43.7% | 45.3% | 41.4% | 43.3% | 43.5% | 44.6% | 27.6% | 34.4% | 34.4% | 34.8% | 29.6% | 30.7% | 27.1% | 23.6% | 20.1% | 21.0% | 21.5% | 21.2% | 17.8% | 9.4% |
| Change | pp | — | -3.0pp | +2.3pp | +0.2pp | +1.1pp | +2.9pp | +1.6pp | -3.9pp | +1.9pp | +0.2pp | +1.1pp | -17.0pp | +6.8pp | 0.0pp | — | -5.2pp | +1.1pp | -3.6pp | -3.5pp | -3.5pp | +0.9pp | +0.5pp | -0.3pp | -3.4pp | -8.4pp |
- *1 Securities report (yuka shoken hokokusho), as filed
Cash flow Operating CF Investing CF Financing CF
Cash generated by operations, spent on investment and raised or repaid in financing (¥ bn)
| Fiscal year | Unit | 2002 *1 FYE Mar | 2003 *1 FYE Mar | 2004 *1 FYE Mar | 2005 *1 FYE Mar | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2015 *1 FYE Dec | 2016 *1 FYE Dec | 2017 *1 FYE Dec | 2018 *1 FYE Dec | 2019 *1 FYE Dec | 2020 *1 FYE Dec | 2021 *1 FYE Dec | 2022 *1 FYE Dec | 2023 *1 FYE Dec | 2024 *1 FYE Dec | 2025 *1 FYE Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | JPY | ¥26bn | -¥3.9bn | ¥36bn | ¥15bn | ¥81bn | ¥42bn | ¥56bn | ¥42bn | ¥75bn | ¥73bn | ¥26bn | ¥83bn | ¥98bn | ¥115bn | ¥70bn | ¥144bn | ¥142bn | ¥133bn | ¥80bn | ¥88bn | ¥140bn | ¥81bn | ¥75bn | ¥60bn | ¥118bn |
| YoY | % | — | -115.2% | — | -59.0% | +452.1% | -48.2% | +33.5% | -24.4% | +77.0% | -2.8% | -63.8% | +215.5% | +17.1% | +17.6% | — | +106.4% | -1.4% | -6.0% | -39.9% | +10.5% | +58.2% | -42.1% | -7.0% | -20.3% | +96.7% |
| Investing CF | JPY | -¥37bn | -¥80bn | ¥9.9bn | -¥8.3bn | -¥31bn | -¥52bn | -¥18bn | -¥22bn | -¥9.3bn | -¥1.8bn | ¥46bn | -¥51bn | -¥318bn | -¥28bn | -¥61bn | -¥156bn | -¥86bn | -¥61bn | -¥76bn | ¥137bn | ¥262bn | -¥24bn | -¥146bn | -¥31bn | -¥2.9bn |
| Financing CF | JPY | -¥20bn | ¥82bn | -¥52bn | ¥1.0bn | -¥43bn | -¥9.8bn | -¥31bn | -¥28bn | -¥31bn | -¥29bn | -¥27bn | -¥5.3bn | ¥227bn | ¥12bn | -¥96bn | ¥2.5bn | ¥1.2bn | ¥58bn | -¥7.8bn | -¥97bn | -¥232bn | -¥188bn | -¥154bn | -¥66bn | -¥180bn |
| Cash & equivalents | JPY | ¥68bn | ¥68bn | ¥62bn | ¥70bn | ¥78bn | ¥62bn | ¥70bn | ¥57bn | ¥93bn | ¥132bn | ¥176bn | ¥208bn | ¥234bn | ¥253bn | ¥263bn | ¥242bn | ¥306bn | ¥417bn | ¥414bn | ¥531bn | ¥724bn | ¥604bn | ¥391bn | ¥372bn | ¥295bn |
| YoY | % | — | +0.7% | -8.4% | +12.0% | +12.2% | -20.9% | +13.3% | -18.5% | +62.1% | +41.8% | +33.6% | +18.0% | +13.0% | +8.1% | — | -7.9% | +26.1% | +36.3% | -0.6% | +28.2% | +36.3% | -16.6% | -35.3% | -4.8% | -20.6% |
- *1 Securities report (yuka shoken hokokusho), as filed
Key ratios Operating margin Net margin ROE Equity ratio
Profitability and balance-sheet strength (%). ROE uses year-end equity.
| Fiscal year | Unit | 2002 *1 FYE Mar | 2003 *1 FYE Mar | 2004 *1 FYE Mar | 2005 *1 FYE Mar | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Dec | 2016 *1 FYE Dec | 2017 *1 FYE Dec | 2018 *1 FYE Dec | 2019 *1 FYE Dec | 2020 *1 FYE Dec | 2021 *1 FYE Dec | 2022 *1 FYE Dec | 2023 *1 FYE Dec | 2024 *1 FYE Dec | 2025 *1 FYE Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | % | — | — | — | — | 3.0% | 3.0% | 2.7% | 2.3% | 2.2% | 2.8% | 2.7% | 3.0% | 3.1% | 15.2% | 16.4% | 14.8% | 11.0% | -0.3% | -15.0% | 22.3% | 9.4% | 3.5% | -8.9% | -20.2% |
| Change | pp | — | — | — | — | — | 0.0pp | -0.3pp | -0.4pp | -0.1pp | +0.6pp | -0.1pp | +0.3pp | +0.1pp | +12.1pp | +1.2pp | -1.6pp | -3.8pp | -11.3pp | -14.7pp | +37.3pp | -12.9pp | -5.9pp | -12.4pp | -11.3pp |
| Net margin | % | 1.5% | 1.4% | 1.8% | 1.4% | 1.6% | 1.5% | 1.8% | -1.1% | 1.9% | 1.2% | 1.6% | 1.9% | 1.7% | 10.3% | 10.0% | 11.4% | 8.9% | -7.7% | -17.0% | 10.0% | 4.8% | -0.8% | -13.6% | -22.8% |
| Change | pp | — | -0.1pp | +0.4pp | -0.4pp | +0.2pp | -0.1pp | +0.3pp | -2.9pp | +3.0pp | -0.7pp | +0.4pp | +0.3pp | -0.2pp | +8.6pp | -0.3pp | +1.4pp | -2.5pp | -16.6pp | -9.3pp | +27.0pp | -5.2pp | -5.6pp | -12.8pp | -9.2pp |
| ROE | % | 6.2% | 5.2% | 6.6% | 5.6% | 5.9% | 5.5% | 6.4% | -4.5% | 6.4% | 4.4% | 5.5% | 6.0% | 4.3% | 6.8% | 9.0% | 9.6% | 9.2% | -9.0% | -23.6% | 13.9% | 7.4% | -1.4% | -30.8% | -108.6% |
| Change | pp | — | -1.0pp | +1.4pp | -1.0pp | +0.3pp | -0.4pp | +0.9pp | -10.9pp | +10.9pp | -2.0pp | +1.1pp | +0.5pp | -1.7pp | +2.5pp | +2.2pp | +0.6pp | -0.4pp | -18.2pp | -14.6pp | +37.5pp | -6.5pp | -8.8pp | -29.4pp | -77.8pp |
| Equity ratio | % | 40.2% | 37.2% | 39.5% | 39.7% | 40.8% | 43.7% | 45.3% | 41.4% | 43.3% | 43.5% | 44.6% | 27.6% | 34.4% | 34.8% | 29.6% | 30.7% | 27.1% | 23.6% | 20.1% | 21.0% | 21.5% | 21.2% | 17.8% | 9.4% |
| Change | pp | — | -3.0pp | +2.3pp | +0.2pp | +1.1pp | +2.9pp | +1.6pp | -3.9pp | +1.9pp | +0.2pp | +1.1pp | -17.0pp | +6.8pp | +0.4pp | -5.2pp | +1.1pp | -3.6pp | -3.5pp | -3.5pp | +0.9pp | +0.5pp | -0.3pp | -3.4pp | -8.4pp |
- *1 Securities report (yuka shoken hokokusho), as filed
Revenue in US dollars Revenue (US$m)
The revenue line above, converted at the average ¥/US$ rate of each figure’s own year — never today’s.
Between 2002–2025, Dentsu Group’s revenue grew 0.8-fold in yen (-1.0% a year). Converted at each year’s own average rate, the same span is 0.7-fold in dollars (-1.7% a year), from $14bn to $9.6bn. The dollar figure grew more slowly because the yen weakened over the period: part of the growth an investor sees in yen does not survive translation into dollars.
| Fiscal year | Unit | 2002 *4 FYE Mar | 2003 *4 FYE Mar | 2004 *4 FYE Mar | 2005 *4 FYE Mar | 2006 *4 FYE Mar | 2007 *4 FYE Mar | 2008 *4 FYE Mar | 2009 *4 FYE Mar | 2010 *4 FYE Mar | 2011 *4 FYE Mar | 2012 *4 FYE Mar | 2013 *4 FYE Mar | 2014 *4 FYE Mar | 2015 *4 FYE Dec | 2015 *4 FYE Dec | 2016 *4 FYE Dec | 2017 *4 FYE Dec | 2018 *4 FYE Dec | 2019 *4 FYE Dec | 2020 *4 FYE Dec | 2021 *4 FYE Dec | 2022 *4 FYE Dec | 2023 *4 FYE Dec | 2024 *4 FYE Dec | 2025 *4 FYE Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | USD | $14bn | $15bn | $16bn | $17bn | $17bn | $18bn | $20bn | $20bn | $19bn | $23bn | $24bn | $20bn | $22bn | $20bn | $5.8bn | $7.7bn | $8.3bn | $9.2bn | $9.6bn | $8.8bn | $9.9bn | $9.5bn | $9.3bn | $9.3bn | $9.6bn |
| YoY | % | — | +2.2% | +10.7% | +7.3% | -2.7% | +5.3% | +12.0% | +1.3% | -5.2% | +20.2% | +3.2% | -16.2% | +9.7% | -8.4% | — | +32.0% | +7.5% | +11.4% | +4.2% | -8.5% | +12.4% | -4.0% | -2.1% | +0.3% | +3.0% |
| Revenue as filed | JPY | ¥1.79tn | ¥1.69tn | ¥1.75tn | ¥1.91tn | ¥1.96tn | ¥2.09tn | ¥2.06tn | ¥1.89tn | ¥1.68tn | ¥1.83tn | ¥1.89tn | ¥1.94tn | ¥2.31tn | ¥2.42tn | ¥706bn | ¥838bn | ¥929bn | ¥1.02tn | ¥1.05tn | ¥939bn | ¥1.09tn | ¥1.25tn | ¥1.30tn | ¥1.41tn | ¥1.44tn |
| Rate applied | ¥/US$ | ¥125.28 | ¥115.92 | ¥108.16 | ¥110.15 | ¥116.28 | ¥117.77 | ¥103.33 | ¥93.53 | ¥87.77 | ¥79.78 | ¥79.79 | ¥97.60 | ¥105.84 | ¥121.02 | ¥121.02 | ¥108.84 | ¥112.16 | ¥110.40 | ¥109.01 | ¥106.78 | ¥109.78 | ¥131.37 | ¥140.51 | ¥151.50 | ¥149.65 |
- *1 1949-1971: Fixed Bretton Woods peg ¥360/$ (Dodge Line 1949; Smithsonian ¥308 from Dec 1971).
- *2 1972: Smithsonian peg ¥308/$ (held until Feb 1973 float).
- *3 1973-1979: JIL (Japan Institute for Labour Policy and Training) g0001.xlsx — fiscal-year (Apr–Mar) basis, integer-rounded. PROVISIONAL; upgrade to BOJ FXERM07 calendar-year later.
- *4 1980-2026: Bank of Japan stat-search FM08'FXERM07 (Tokyo market, USD/JPY spot, 17:00 fixing, monthly average) — calendar-year average of monthly averages.
- *5 Provisional — part-year average, not a full calendar year.
Reporting basis
Which accounting standard each stretch of the series was filed under, and whether the accounts are consolidated.
The series crosses 2 reporting regimes — consolidated Japanese GAAP for 2002–2012; and consolidated IFRS for 2013–2025. Figures are not strictly comparable across a change of basis: consolidation in particular adds subsidiaries that were previously outside the accounts.
| Fiscal years | Standard | Basis | Years |
|---|---|---|---|
| 2002–2012 | Japanese GAAP | consolidated | 11 |
| 2013–2025 | IFRS | consolidated | 14 |
All figures are in Japanese yen as filed. Where a foreign-currency comparison is needed elsewhere on this site, yen amounts are converted at the average rate of each figure's own year — not today's rate. Exchange rates & sources →
Read the company history → 日本語版（詳細）— full financial data in Japanese →
Data API
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Full specification →
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