Financials

freee K.K.: FYE Jun 2025 and ten years of results (45 metrics)

FYE Jun 2025 · Revenue¥33bnYoY +30.8%

FYE Jun 2025 · Operating profit¥0.6bn

FYE Jun 2025 · Net profit¥1.4bn

FYE Jun 2025 · Equity ratio37.4%YoY −5.0pp

FYE Jun 2025 · Group employees1,901YoY +179

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Jun 2016Parent only	¥0.6bn	n/a	n/a	n/a	n/a	-¥2.1bn	Sasaki Daisuke	API link with Mizuho Bank — a first with a Japanese megabank
FYE Jun 2017Parent only	¥1.2bn	+111.3%	n/a	n/a	n/a	-¥2.3bn	Sasaki Daisuke	Enterprise plan for listed companies; the patent claim is dismissed
FYE Jun 2018Parent only	¥2.4bn	+100.9%	n/a	n/a	n/a	-¥3.4bn	Sasaki Daisuke	—
FYE Jun 2019Consolidated	¥4.5bn	+87.0%	-¥2.8bn	n/a	-62.7%	-¥2.8bn	Sasaki Daisuke	freee App Store opens to outside developers
FYE Jun 2020Consolidated	¥6.9bn	+52.7%	-¥2.7bn	n/a	-38.9%	-¥3.0bn	Sasaki Daisuke	—
FYE Jun 2021Consolidated	¥10bn	+48.8%	-¥2.4bn	n/a	-23.8%	-¥2.8bn	Sasaki Daisuke	About <span class="en-history_money" data-yen="35000000000" data-year="2021">$318.8M (¥35bn)</span> raised; Sitevisit (NINJA SIGN) acquired
FYE Jun 2022Consolidated	¥14bn	+40.2%	-¥3.0bn	n/a	-21.2%	-¥12bn	Sasaki Daisuke	freee Card Unlimited — credit underwritten from accounting data
FYE Jun 2023Consolidated	¥19bn	+33.7%	-¥7.9bn	n/a	-41.2%	-¥12bn	Sasaki Daisuke	—
FYE Jun 2024Consolidated	¥25bn	+32.3%	-¥8.4bn	n/a	-33.0%	-¥10bn	Sasaki Daisuke	—
FYE Jun 2025Consolidated	¥33bn	+30.8%	¥0.6bn	n/a	1.8%	¥1.4bn	Sasaki Daisuke	First full-year operating profit since founding

How it compares

Oracle Japan¥285bnFY2026Operating margin 31.5%Trend Micro¥276bnFY2025Operating margin 20.9%Rakus¥60bnFY2025Operating margin 28.8%Sansan, Inc.¥54bnFY2026Operating margin 15.2%JustSystems¥52bnFY2025Operating margin 43.7%

OBIC BUSINESS CONSULTANTS CO.,LTD.¥51bnFY2025Operating margin 45.9%

Money Forward¥50bnFY2025Operating margin −5.3%

freee K.K.¥33bnFY2025Operating margin 1.8%

Works Applications Co., Ltd.Delisted 2011

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 Jun 2025 ¥33bn

CAGR · 10 yrs +57.2%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Jun 2016	0.6	n/a	Parent · Japanese GAAP
FYE Jun 2017	1.2	+111.3%	Parent · Japanese GAAP
FYE Jun 2018	2.4	+100.9%	Parent · Japanese GAAP
FYE Jun 2019	4.5	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	6.9	+52.7%	Cons. · Japanese GAAP
FYE Jun 2021	10.3	+48.8%	Cons. · Japanese GAAP
FYE Jun 2022	14.4	+40.2%	Cons. · Japanese GAAP
FYE Jun 2023	19.2	+33.7%	Cons. · Japanese GAAP
FYE Jun 2024	25.4	+32.3%	Cons. · Japanese GAAP
FYE Jun 2025	33.3	+30.8%	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 Jun 2025 ¥5.9bn

CAGR · 7 yrs +34.8%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	1.0	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	1.6	+57.9%	Cons. · Japanese GAAP
FYE Jun 2021	2.1	+34.8%	Cons. · Japanese GAAP
FYE Jun 2022	2.8	+35.3%	Cons. · Japanese GAAP
FYE Jun 2023	3.2	+11.0%	Cons. · Japanese GAAP
FYE Jun 2024	4.4	+40.8%	Cons. · Japanese GAAP
FYE Jun 2025	5.9	+33.1%	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 Jun 2025 ¥27bn

CAGR · 7 yrs +40.7%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	3.5	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	5.3	+51.2%	Cons. · Japanese GAAP
FYE Jun 2021	8.2	+52.9%	Cons. · Japanese GAAP
FYE Jun 2022	11.5	+41.4%	Cons. · Japanese GAAP
FYE Jun 2023	16.1	+39.2%	Cons. · Japanese GAAP
FYE Jun 2024	21.0	+30.7%	Cons. · Japanese GAAP
FYE Jun 2025	27.4	+30.3%	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 Jun 2025 ¥27bn

CAGR · 7 yrs +27.0%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	6.4	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	8.0	+26.1%	Cons. · Japanese GAAP
FYE Jun 2021	10.6	+32.2%	Cons. · Japanese GAAP
FYE Jun 2022	14.6	+37.6%	Cons. · Japanese GAAP
FYE Jun 2023	24.0	+64.5%	Cons. · Japanese GAAP
FYE Jun 2024	29.4	+22.5%	Cons. · Japanese GAAP
FYE Jun 2025	26.8	−8.9%	Cons. · Japanese GAAP

Definition: The cost of selling and of running the company
Formula: SG&A line of the income statement
Source: Securities report (XBRL)

Operating profit

FYE Jun 2025 ¥0.6bn

Average · 7 yrs -¥3.8bn

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	-2.8	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	-2.7	n/a	Cons. · Japanese GAAP
FYE Jun 2021	-2.4	n/a	Cons. · Japanese GAAP
FYE Jun 2022	-3.0	n/a	Cons. · Japanese GAAP
FYE Jun 2023	-7.9	n/a	Cons. · Japanese GAAP
FYE Jun 2024	-8.4	n/a	Cons. · Japanese GAAP
FYE Jun 2025	0.6	n/a	Cons. · Japanese GAAP

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

Non-operating income

FYE Jun 2025 ¥28.3m

CAGR · 7 yrs +40.1%

Fiscal year	Non-operating income ¥ m	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	3.7	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	7.5	+100.8%	Cons. · Japanese GAAP
FYE Jun 2021	4.2	−43.9%	Cons. · Japanese GAAP
FYE Jun 2022	11.2	+165.1%	Cons. · Japanese GAAP
FYE Jun 2023	29.4	+163.4%	Cons. · Japanese GAAP
FYE Jun 2024	8.4	−71.4%	Cons. · Japanese GAAP
FYE Jun 2025	28.3	+236.1%	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 Jun 2025 ¥227m

CAGR · 7 yrs +45.4%

Fiscal year	Non-operating expenses ¥ m	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	24.0	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	265	+1001.8%	Cons. · Japanese GAAP
FYE Jun 2021	281	+6.4%	Cons. · Japanese GAAP
FYE Jun 2022	54.4	−80.7%	Cons. · Japanese GAAP
FYE Jun 2023	92.4	+70.0%	Cons. · Japanese GAAP
FYE Jun 2024	260	+181.3%	Cons. · Japanese GAAP
FYE Jun 2025	227	−12.8%	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 Jun 2025 ¥0.4bn

Average · 10 yrs -¥3.6bn

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Jun 2016	-2.1	n/a	Parent · Japanese GAAP
FYE Jun 2017	-2.2	n/a	Parent · Japanese GAAP
FYE Jun 2018	-3.4	n/a	Parent · Japanese GAAP
FYE Jun 2019	-2.9	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	-2.9	n/a	Cons. · Japanese GAAP
FYE Jun 2021	-2.7	n/a	Cons. · Japanese GAAP
FYE Jun 2022	-3.1	n/a	Cons. · Japanese GAAP
FYE Jun 2023	-8.0	n/a	Cons. · Japanese GAAP
FYE Jun 2024	-8.6	n/a	Cons. · Japanese GAAP
FYE Jun 2025	0.4	n/a	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 Jun 2025 ¥32.4m

CAGR · 7 yrs −14.2%

Fiscal year	Extraordinary income ¥ m	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	81.0	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	3.8	−95.3%	Cons. · Japanese GAAP
FYE Jun 2021	0.3	−91.7%	Cons. · Japanese GAAP
FYE Jun 2022	8.7	+2631.3%	Cons. · Japanese GAAP
FYE Jun 2023	90.3	+932.8%	Cons. · Japanese GAAP
FYE Jun 2024	36.7	−59.3%	Cons. · Japanese GAAP
FYE Jun 2025	32.4	−11.8%	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 Jun 2025 ¥28.9m

CAGR · 3 yrs −1.9%

Fiscal year	Extraordinary loss ¥ m	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	n/a	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	30.0	n/a	Cons. · Japanese GAAP
FYE Jun 2021	28.6	−4.7%	Cons. · Japanese GAAP
FYE Jun 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Jun 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Jun 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Jun 2025	28.9	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 Jun 2025 ¥1.4bn

Average · 10 yrs -¥4.9bn

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Jun 2016	-2.1	n/a	Parent · Japanese GAAP
FYE Jun 2017	-2.3	n/a	Parent · Japanese GAAP
FYE Jun 2018	-3.4	n/a	Parent · Japanese GAAP
FYE Jun 2019	-2.8	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	-3.0	n/a	Cons. · Japanese GAAP
FYE Jun 2021	-2.8	n/a	Cons. · Japanese GAAP
FYE Jun 2022	-11.6	n/a	Cons. · Japanese GAAP
FYE Jun 2023	-12.3	n/a	Cons. · Japanese GAAP
FYE Jun 2024	-10.2	n/a	Cons. · Japanese GAAP
FYE Jun 2025	1.4	n/a	Cons. · Japanese GAAP

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

Gross margin

FYE Jun 2025 82.2%

Average · 7 yrs 80.5%

Fiscal year	Gross margin %	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	78.2	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	77.4	−0.8pp	Cons. · Japanese GAAP
FYE Jun 2021	79.5	+2.1pp	Cons. · Japanese GAAP
FYE Jun 2022	80.2	+0.7pp	Cons. · Japanese GAAP
FYE Jun 2023	83.6	+3.3pp	Cons. · Japanese GAAP
FYE Jun 2024	82.5	−1.0pp	Cons. · Japanese GAAP
FYE Jun 2025	82.2	−0.3pp	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 Jun 2025 1.8%

Average · 7 yrs -31.3%

Fiscal year	Operating margin %	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	-62.7	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	-38.9	+23.8pp	Cons. · Japanese GAAP
FYE Jun 2021	-23.8	+15.1pp	Cons. · Japanese GAAP
FYE Jun 2022	-21.2	+2.6pp	Cons. · Japanese GAAP
FYE Jun 2023	-41.2	−20.0pp	Cons. · Japanese GAAP
FYE Jun 2024	-33.0	+8.2pp	Cons. · Japanese GAAP
FYE Jun 2025	1.8	+34.8pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Jun 2025 1.2%

Average · 10 yrs -92.7%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Jun 2016	-374.5	n/a	Parent · Japanese GAAP
FYE Jun 2017	-183.5	+191.0pp	Parent · Japanese GAAP
FYE Jun 2018	-140.8	+42.7pp	Parent · Japanese GAAP
FYE Jun 2019	-63.1	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	-42.6	+20.5pp	Cons. · Japanese GAAP
FYE Jun 2021	-26.5	+16.1pp	Cons. · Japanese GAAP
FYE Jun 2022	-21.5	+5.0pp	Cons. · Japanese GAAP
FYE Jun 2023	-41.5	−20.1pp	Cons. · Japanese GAAP
FYE Jun 2024	-34.0	+7.6pp	Cons. · Japanese GAAP
FYE Jun 2025	1.2	+35.2pp	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 Jun 2025 4.1%

Average · 10 yrs -101.7%

Fiscal year	Net margin %	YoY	Basis
FYE Jun 2016	-376.0	n/a	Parent · Japanese GAAP
FYE Jun 2017	-187.8	+188.2pp	Parent · Japanese GAAP
FYE Jun 2018	-141.0	+46.8pp	Parent · Japanese GAAP
FYE Jun 2019	-61.5	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	-43.1	+18.4pp	Cons. · Japanese GAAP
FYE Jun 2021	-26.9	+16.2pp	Cons. · Japanese GAAP
FYE Jun 2022	-80.7	−53.9pp	Cons. · Japanese GAAP
FYE Jun 2023	-64.2	+16.5pp	Cons. · Japanese GAAP
FYE Jun 2024	-39.9	+24.3pp	Cons. · Japanese GAAP
FYE Jun 2025	4.1	+44.0pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Jun 2025 17.8%

Average · 7 yrs 19.5%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	21.8	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	22.6	+0.8pp	Cons. · Japanese GAAP
FYE Jun 2021	20.5	−2.1pp	Cons. · Japanese GAAP
FYE Jun 2022	19.8	−0.7pp	Cons. · Japanese GAAP
FYE Jun 2023	16.4	−3.3pp	Cons. · Japanese GAAP
FYE Jun 2024	17.5	+1.0pp	Cons. · Japanese GAAP
FYE Jun 2025	17.8	+0.3pp	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 Jun 2025 80.4%

Average · 7 yrs 111.8%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	140.8	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	116.3	−24.5pp	Cons. · Japanese GAAP
FYE Jun 2021	103.3	−13.0pp	Cons. · Japanese GAAP
FYE Jun 2022	101.4	−1.9pp	Cons. · Japanese GAAP
FYE Jun 2023	124.8	+23.4pp	Cons. · Japanese GAAP
FYE Jun 2024	115.5	−9.3pp	Cons. · Japanese GAAP
FYE Jun 2025	80.4	−35.1pp	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 Jun 2025 ¥53bn

CAGR · 10 yrs +35.6%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Jun 2016	3.4	n/a	Parent · Japanese GAAP
FYE Jun 2017	5.0	+47.4%	Parent · Japanese GAAP
FYE Jun 2018	2.4	−51.8%	Parent · Japanese GAAP
FYE Jun 2019	7.4	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	17.9	+142.5%	Cons. · Japanese GAAP
FYE Jun 2021	55.3	+208.9%	Cons. · Japanese GAAP
FYE Jun 2022	47.4	−14.2%	Cons. · Japanese GAAP
FYE Jun 2023	42.8	−9.8%	Cons. · Japanese GAAP
FYE Jun 2024	40.0	−6.6%	Cons. · Japanese GAAP
FYE Jun 2025	52.6	+31.6%	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 Jun 2025 ¥20bn

CAGR · 10 yrs +23.8%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Jun 2016	2.9	n/a	Parent · Japanese GAAP
FYE Jun 2017	4.0	+40.4%	Parent · Japanese GAAP
FYE Jun 2018	0.7	−82.9%	Parent · Japanese GAAP
FYE Jun 2019	4.5	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	13.9	+207.2%	Cons. · Japanese GAAP
FYE Jun 2021	46.9	+238.3%	Cons. · Japanese GAAP
FYE Jun 2022	36.4	−22.3%	Cons. · Japanese GAAP
FYE Jun 2023	27.1	−25.7%	Cons. · Japanese GAAP
FYE Jun 2024	17.0	−37.4%	Cons. · Japanese GAAP
FYE Jun 2025	19.7	+16.0%	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 Jun 2025 ¥9.6bn

Average · 6 yrs ¥2.5bn

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	n/a	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	0.0	n/a	Cons. · Japanese GAAP
FYE Jun 2021	0.3	n/a	Cons. · Japanese GAAP
FYE Jun 2022	0.6	+97.2%	Cons. · Japanese GAAP
FYE Jun 2023	0.0	−100.0%	Cons. · Japanese GAAP
FYE Jun 2024	4.7	n/a	Cons. · Japanese GAAP
FYE Jun 2025	9.6	+104.3%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Jun 2025 ¥9.6bn

CAGR · 4 yrs +435.2%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	n/a	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Jun 2021	0.1	n/a	Cons. · Japanese GAAP
FYE Jun 2022	0.6	+778.5%	Cons. · Japanese GAAP
FYE Jun 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Jun 2024	4.7	n/a	Cons. · Japanese GAAP
FYE Jun 2025	9.6	+104.3%	Cons. · Japanese GAAP

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

Intangible assets

FYE Jun 2025 ¥4.1bn

CAGR · 4 yrs +121.8%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	0.4	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	0.8	+104.3%	Cons. · Japanese GAAP
FYE Jun 2021	5.0	+552.9%	Cons. · Japanese GAAP
FYE Jun 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Jun 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Jun 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Jun 2025	4.1	n/a	Cons. · Japanese GAAP

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

Equity ratio

FYE Jun 2025 37.4%

Average · 10 yrs 63.7%

Fiscal year	Equity ratio %	YoY	Basis
FYE Jun 2016	84.6	n/a	Parent · Japanese GAAP
FYE Jun 2017	80.6	−4.0pp	Parent · Japanese GAAP
FYE Jun 2018	28.7	−51.9pp	Parent · Japanese GAAP
FYE Jun 2019	61.1	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	77.4	+16.3pp	Cons. · Japanese GAAP
FYE Jun 2021	84.8	+7.4pp	Cons. · Japanese GAAP
FYE Jun 2022	76.8	−7.9pp	Cons. · Japanese GAAP
FYE Jun 2023	63.2	−13.6pp	Cons. · Japanese GAAP
FYE Jun 2024	42.4	−20.8pp	Cons. · Japanese GAAP
FYE Jun 2025	37.4	−5.0pp	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 Jun 2025 48.8%

Average · 6 yrs 13.1%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	n/a	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	0.0	n/a	Cons. · Japanese GAAP
FYE Jun 2021	0.6	+0.6pp	Cons. · Japanese GAAP
FYE Jun 2022	1.6	+1.0pp	Cons. · Japanese GAAP
FYE Jun 2023	0.0	−1.6pp	Cons. · Japanese GAAP
FYE Jun 2024	27.7	+27.7pp	Cons. · Japanese GAAP
FYE Jun 2025	48.8	+21.1pp	Cons. · Japanese GAAP

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

ROE return on equity

FYE Jun 2025 7.0%

Average · 10 yrs -84.1%

Fiscal year	ROE %	YoY	Basis
FYE Jun 2016	-74.3	n/a	Parent · Japanese GAAP
FYE Jun 2017	-55.9	+18.4pp	Parent · Japanese GAAP
FYE Jun 2018	-491.5	−435.7pp	Parent · Japanese GAAP
FYE Jun 2019	-61.6	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	-21.5	+40.1pp	Cons. · Japanese GAAP
FYE Jun 2021	-5.9	+15.6pp	Cons. · Japanese GAAP
FYE Jun 2022	-31.9	−26.0pp	Cons. · Japanese GAAP
FYE Jun 2023	-45.6	−13.7pp	Cons. · Japanese GAAP
FYE Jun 2024	-59.9	−14.3pp	Cons. · Japanese GAAP
FYE Jun 2025	7.0	+66.8pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Jun 2025 2.6%

Average · 10 yrs -38.4%

Fiscal year	ROA %	YoY	Basis
FYE Jun 2016	-62.9	n/a	Parent · Japanese GAAP
FYE Jun 2017	-45.0	+17.8pp	Parent · Japanese GAAP
FYE Jun 2018	-141.0	−95.9pp	Parent · Japanese GAAP
FYE Jun 2019	-37.6	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	-16.6	+21.0pp	Cons. · Japanese GAAP
FYE Jun 2021	-5.0	+11.6pp	Cons. · Japanese GAAP
FYE Jun 2022	-24.5	−19.5pp	Cons. · Japanese GAAP
FYE Jun 2023	-28.8	−4.4pp	Cons. · Japanese GAAP
FYE Jun 2024	-25.4	+3.4pp	Cons. · Japanese GAAP
FYE Jun 2025	2.6	+28.0pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Jun 2025 0.63×

CAGR · 10 yrs +15.9%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Jun 2016	0.17	n/a	Parent · Japanese GAAP
FYE Jun 2017	0.24	+43.4%	Parent · Japanese GAAP
FYE Jun 2018	1.00	+316.9%	Parent · Japanese GAAP
FYE Jun 2019	0.61	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	0.39	−37.0%	Cons. · Japanese GAAP
FYE Jun 2021	0.19	−51.8%	Cons. · Japanese GAAP
FYE Jun 2022	0.30	+63.5%	Cons. · Japanese GAAP
FYE Jun 2023	0.45	+48.1%	Cons. · Japanese GAAP
FYE Jun 2024	0.64	+41.7%	Cons. · Japanese GAAP
FYE Jun 2025	0.63	−0.6%	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 Jun 2025 ¥3.7bn

Average · 8 yrs -¥1.9bn

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	-2.9	n/a	Parent · Japanese GAAP
FYE Jun 2019	-1.7	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	-1.4	n/a	Cons. · Japanese GAAP
FYE Jun 2021	-0.2	n/a	Cons. · Japanese GAAP
FYE Jun 2022	-1.1	n/a	Cons. · Japanese GAAP
FYE Jun 2023	-4.8	n/a	Cons. · Japanese GAAP
FYE Jun 2024	-6.8	n/a	Cons. · Japanese GAAP
FYE Jun 2025	3.7	n/a	Cons. · Japanese GAAP

Definition: Cash the business itself generated
Formula: Cash flow from operating activities
Source: Securities report (XBRL)

Investing cash flow

FYE Jun 2025 -¥4.6bn

Average · 8 yrs -¥2.2bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	-0.2	n/a	Parent · Japanese GAAP
FYE Jun 2019	-0.5	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	-1.3	n/a	Cons. · Japanese GAAP
FYE Jun 2021	-3.2	n/a	Cons. · Japanese GAAP
FYE Jun 2022	-4.5	n/a	Cons. · Japanese GAAP
FYE Jun 2023	-1.9	n/a	Cons. · Japanese GAAP
FYE Jun 2024	-1.1	n/a	Cons. · Japanese GAAP
FYE Jun 2025	-4.6	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 Jun 2025 ¥5.0bn

CAGR · 7 yrs −4.3%

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	6.5	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	12.0	+84.6%	Cons. · Japanese GAAP
FYE Jun 2021	35.4	+195.6%	Cons. · Japanese GAAP
FYE Jun 2022	0.5	−98.7%	Cons. · Japanese GAAP
FYE Jun 2023	0.5	+20.3%	Cons. · Japanese GAAP
FYE Jun 2024	3.7	+581.3%	Cons. · Japanese GAAP
FYE Jun 2025	5.0	+34.3%	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 Jun 2025 ¥36bn

CAGR · 8 yrs +55.4%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	1.6	n/a	Parent · Japanese GAAP
FYE Jun 2019	5.9	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	15.1	+158.6%	Cons. · Japanese GAAP
FYE Jun 2021	47.1	+211.5%	Cons. · Japanese GAAP
FYE Jun 2022	42.0	−10.8%	Cons. · Japanese GAAP
FYE Jun 2023	35.9	−14.6%	Cons. · Japanese GAAP
FYE Jun 2024	31.8	−11.6%	Cons. · Japanese GAAP
FYE Jun 2025	35.8	+12.7%	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 Jun 2025 -¥0.9bn

Average · 8 yrs -¥4.1bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	-3.2	n/a	Parent · Japanese GAAP
FYE Jun 2019	-2.3	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	-2.7	n/a	Cons. · Japanese GAAP
FYE Jun 2021	-3.4	n/a	Cons. · Japanese GAAP
FYE Jun 2022	-5.6	n/a	Cons. · Japanese GAAP
FYE Jun 2023	-6.7	n/a	Cons. · Japanese GAAP
FYE Jun 2024	-7.9	n/a	Cons. · Japanese GAAP
FYE Jun 2025	-0.9	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 Jun 2025 11.0%

Average · 8 yrs -28.7%

Fiscal year	OCF margin %	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	-121.9	n/a	Parent · Japanese GAAP
FYE Jun 2019	-38.2	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	-20.0	+18.2pp	Cons. · Japanese GAAP
FYE Jun 2021	-1.9	+18.1pp	Cons. · Japanese GAAP
FYE Jun 2022	-7.4	−5.6pp	Cons. · Japanese GAAP
FYE Jun 2023	-24.7	−17.3pp	Cons. · Japanese GAAP
FYE Jun 2024	-26.6	−1.9pp	Cons. · Japanese GAAP
FYE Jun 2025	11.0	+37.6pp	Cons. · Japanese GAAP

Definition: How much of the revenue turned into cash
Formula: Operating cash flow ÷ revenue
Source: Securities report (XBRL)

Net cash

FYE Jun 2025 ¥26bn

CAGR · 6 yrs +11.6%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2017	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2018	n/a	n/a	Parent · Japanese GAAP
FYE Jun 2019	n/a	moved to consolidated	Cons. · Japanese GAAP
FYE Jun 2020	15.1	n/a	Cons. · Japanese GAAP
FYE Jun 2021	46.9	+209.5%	Cons. · Japanese GAAP
FYE Jun 2022	41.5	−11.5%	Cons. · Japanese GAAP
FYE Jun 2023	35.9	−13.4%	Cons. · Japanese GAAP
FYE Jun 2024	27.1	−24.7%	Cons. · Japanese GAAP
FYE Jun 2025	26.2	−3.2%	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

Shares outstanding

FYE Jun 2025 59,221,680shares

Change · 10 yrs +48,153,528 shares

Fiscal year	Shares outstanding shares	Basis
FYE Jun 2016	11,068,152	Parent
FYE Jun 2017	12,223,269	Parent
FYE Jun 2018	12,223,269	Parent
FYE Jun 2019	13,734,897	Parent
FYE Jun 2020	48,320,822	Parent
FYE Jun 2021	54,778,125	Parent
FYE Jun 2022	56,695,564	Parent
FYE Jun 2023	57,875,116	Parent
FYE Jun 2024	58,600,020	Parent
FYE Jun 2025	59,221,680	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 Jun 2025 23.28¥

Change · 7 yrs +91.55¥

Fiscal year	EPS ¥	Basis
FYE Jun 2016	n/a	Cons.
FYE Jun 2017	n/a	Cons.
FYE Jun 2018	n/a	Cons.
FYE Jun 2019	-68.27	Cons.
FYE Jun 2020	-66.18	Cons.
FYE Jun 2021	-54.88	Cons.
FYE Jun 2022	-208.22	Cons.
FYE Jun 2023	-215.64	Cons.
FYE Jun 2024	-174.43	Cons.
FYE Jun 2025	23.28	Cons.

Definition: Net profit for each share
Formula: Net profit ÷ average shares outstanding
Source: Securities report (XBRL)

BPS book value per share

FYE Jun 2025 332.03¥

Change · 10 yrs +71.86¥

Fiscal year	BPS ¥	Basis
FYE Jun 2016	260.17	Parent · Japanese GAAP
FYE Jun 2017	330.64	Parent · Japanese GAAP
FYE Jun 2018	56.69	Parent · Japanese GAAP
FYE Jun 2019	328.37	Cons. · Japanese GAAP
FYE Jun 2020	286.72	Cons. · Japanese GAAP
FYE Jun 2021	855.66	Cons. · Japanese GAAP
FYE Jun 2022	642.53	Cons. · Japanese GAAP
FYE Jun 2023	467.54	Cons. · Japanese GAAP
FYE Jun 2024	289.29	Cons. · Japanese GAAP
FYE Jun 2025	332.03	Cons. · Japanese GAAP

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

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

Group employees

FYE Jun 2025 1,901people

Change · 7 yrs +1,513 people

Fiscal year	Group employees people	YoY	Basis
FYE Jun 2016	n/a	n/a	Cons.
FYE Jun 2017	n/a	n/a	Cons.
FYE Jun 2018	n/a	n/a	Cons.
FYE Jun 2019	388	n/a	Cons.
FYE Jun 2020	481	+24.0%	Cons.
FYE Jun 2021	656	+36.4%	Cons.
FYE Jun 2022	916	+39.6%	Cons.
FYE Jun 2023	1,299	+41.8%	Cons.
FYE Jun 2024	1,722	+32.6%	Cons.
FYE Jun 2025	1,901	+10.4%	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 Jun 2025 1,851people

Change · 10 yrs +1,700 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Jun 2016	151	n/a	Parent
FYE Jun 2017	243	+60.9%	Parent
FYE Jun 2018	355	+46.1%	Parent
FYE Jun 2019	388	+9.3%	Parent
FYE Jun 2020	481	+24.0%	Parent
FYE Jun 2021	572	+18.9%	Parent
FYE Jun 2022	721	+26.0%	Parent
FYE Jun 2023	1,208	+67.5%	Parent
FYE Jun 2024	1,687	+39.7%	Parent
FYE Jun 2025	1,851	+9.7%	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 Jun 2025 ¥6.9m

Change · 6 yrs +¥0.0m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent
FYE Jun 2017	n/a	n/a	Parent
FYE Jun 2018	n/a	n/a	Parent
FYE Jun 2019	n/a	n/a	Parent
FYE Jun 2020	6.9	n/a	Parent
FYE Jun 2021	7.1	+2.5%	Parent
FYE Jun 2022	7.2	+1.6%	Parent
FYE Jun 2023	6.9	−4.4%	Parent
FYE Jun 2024	6.8	−0.9%	Parent
FYE Jun 2025	6.9	+1.4%	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 Jun 2025 33.1years

Change · 6 yrs +0.9 years

Fiscal year	Average age years	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent
FYE Jun 2017	n/a	n/a	Parent
FYE Jun 2018	n/a	n/a	Parent
FYE Jun 2019	n/a	n/a	Parent
FYE Jun 2020	32.2	n/a	Parent
FYE Jun 2021	32.9	+2.2%	Parent
FYE Jun 2022	33.0	+0.3%	Parent
FYE Jun 2023	33.1	+0.3%	Parent
FYE Jun 2024	32.7	−1.2%	Parent
FYE Jun 2025	33.1	+1.2%	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 Jun 2025 2.2years

Change · 6 yrs −0.3 years

Fiscal year	Average length of service years	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent
FYE Jun 2017	n/a	n/a	Parent
FYE Jun 2018	n/a	n/a	Parent
FYE Jun 2019	n/a	n/a	Parent
FYE Jun 2020	2.5	n/a	Parent
FYE Jun 2021	2.4	−4.0%	Parent
FYE Jun 2022	2.4	−0.0%	Parent
FYE Jun 2023	1.8	−25.0%	Parent
FYE Jun 2024	1.7	−5.6%	Parent
FYE Jun 2025	2.2	+29.4%	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 Jun 2025 156people

Change · 10 yrs +141 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Jun 2016	15	n/a	n/a
FYE Jun 2017	38	+153.3%	n/a
FYE Jun 2018	88	+131.6%	n/a
FYE Jun 2019	108	+22.7%	n/a
FYE Jun 2020	117	+8.3%	n/a
FYE Jun 2021	139	+18.8%	n/a
FYE Jun 2022	158	+13.7%	n/a
FYE Jun 2023	190	+20.3%	n/a
FYE Jun 2024	202	+6.3%	n/a
FYE Jun 2025	156	−22.8%	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 Jun 2025 ¥17.5m

Change · 7 yrs +¥5.9m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent
FYE Jun 2017	n/a	n/a	Parent
FYE Jun 2018	n/a	n/a	Parent
FYE Jun 2019	11.6	moved to consolidated	Cons.
FYE Jun 2020	14.3	+23.1%	Cons.
FYE Jun 2021	15.6	+9.1%	Cons.
FYE Jun 2022	15.7	+0.4%	Cons.
FYE Jun 2023	14.8	−5.8%	Cons.
FYE Jun 2024	14.8	−0.2%	Cons.
FYE Jun 2025	17.5	+18.5%	Cons.

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

Operating profit per employee

FYE Jun 2025 ¥0.3m

Change · 7 yrs +¥7.6m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Jun 2016	n/a	n/a	Parent
FYE Jun 2017	n/a	n/a	Parent
FYE Jun 2018	n/a	n/a	Parent
FYE Jun 2019	-7.3	moved to consolidated	Cons.
FYE Jun 2020	-5.6	n/a	Cons.
FYE Jun 2021	-3.7	n/a	Cons.
FYE Jun 2022	-3.3	n/a	Cons.
FYE Jun 2023	-6.1	n/a	Cons.
FYE Jun 2024	-4.9	n/a	Cons.
FYE Jun 2025	0.3	n/a	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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