Financials

Shionogi: FYE Mar 2026 and ten years of results (49 metrics)

FYE Mar 2026 · Revenue¥500bnYoY +14.0%

FYE Mar 2026 · Operating profit¥167bnYoY +6.5%

FYE Mar 2026 · Net profit¥205bnYoY +20.4%

FYE Mar 2026 · Equity ratio65.4%YoY −23.3pp

FYE Mar 2026 · Group employees6,223YoY +1,268

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥339bn	n/a	¥108bn	n/a	31.9%	¥84bn	Teshirogi Isao	Consumer health carved out into Shionogi Healthcare
FYE Mar 2018Consolidated	¥345bn	+1.7%	¥115bn	+6.5%	33.4%	¥109bn	Teshirogi Isao	—
FYE Mar 2019Consolidated	¥364bn	+5.5%	¥139bn	+20.2%	38.1%	¥133bn	Teshirogi Isao	—
FYE Mar 2020Consolidated	¥333bn	−8.3%	¥131bn	−5.7%	39.2%	¥121bn	Teshirogi Isao	38.1% operating margin; debt effectively zero
FYE Mar 2021Consolidated	¥297bn	−10.9%	¥117bn	−10.1%	39.5%	¥112bn	Teshirogi Isao	Production capacity built before trials conclude; Ping An JVs in China
FYE Mar 2022Consolidated	¥335bn	+12.8%	¥110bn	−6.1%	32.9%	¥114bn	Teshirogi Isao	—
FYE Mar 2023Consolidated	¥427bn	+27.3%	¥149bn	+35.1%	34.9%	¥185bn	Teshirogi Isao	Zocova approved 22 Nov — Japan's first oral COVID-19 drug
FYE Mar 2024Consolidated	¥410bn	−3.9%	¥153bn	+2.9%	37.4%	¥162bn	Teshirogi Isao	Record year: revenue ¥426.7bn, net profit ¥185.0bn
FYE Mar 2025Consolidated	¥438bn	+6.9%	¥157bn	+2.1%	35.7%	¥170bn	Teshirogi Isao	—
FYE Mar 2026Consolidated	¥500bn	+14.0%	¥167bn	+6.5%	33.4%	¥205bn	Teshirogi Isao	—

How it compares

Takeda Pharmaceutical¥4.51tnFY2025Operating margin 0.1%Otsuka Holdings¥2.47tnFY2025Operating margin 19.4%Astellas Pharma¥2.14tnFY2025Operating margin 17.9%Daiichi Sankyo¥2.12tnFY2025Operating margin 10.8%Chugai Pharmaceutical¥1.26tnFY2025Operating margin 47.6%Eisai¥825bnFY2025Operating margin 5.3%

Yamanouchi Pharmaceutical Co., Ltd.Dissolved 2005

Shionogi¥500bnFY2025Operating margin 33.4%

Sumitomo Pharma¥453bnFY2025Operating margin 23.7%

Mitsubishi Tanabe Pharma CorporationDissolved 2020

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Other operating costs Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥500bn

CAGR · 10 yrs +4.4%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	339	n/a	Cons. · Japanese GAAP
FYE Mar 2018	345	+1.7%	Cons. · Japanese GAAP
FYE Mar 2019	364	+5.5%	Cons. · Japanese GAAP
FYE Mar 2020	333	moved to IFRS	Cons. · IFRS
FYE Mar 2021	297	−10.9%	Cons. · IFRS
FYE Mar 2022	335	+12.8%	Cons. · IFRS
FYE Mar 2023	427	+27.3%	Cons. · IFRS
FYE Mar 2024	410	−3.9%	Cons. · IFRS
FYE Mar 2025	438	+6.9%	Cons. · IFRS
FYE Mar 2026	500	+14.0%	Cons. · IFRS

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 ¥82bn

CAGR · 10 yrs +0.7%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	77.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	73.9	−5.0%	Cons. · Japanese GAAP
FYE Mar 2019	54.9	−25.7%	Cons. · Japanese GAAP
FYE Mar 2020	56.8	moved to IFRS	Cons. · IFRS
FYE Mar 2021	52.5	−7.5%	Cons. · IFRS
FYE Mar 2022	55.4	+5.5%	Cons. · IFRS
FYE Mar 2023	62.2	+12.3%	Cons. · IFRS
FYE Mar 2024	57.6	−7.5%	Cons. · IFRS
FYE Mar 2025	63.8	+10.8%	Cons. · IFRS
FYE Mar 2026	82.5	+29.2%	Cons. · IFRS

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 ¥417bn

CAGR · 10 yrs +5.3%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	261	n/a	Cons. · Japanese GAAP
FYE Mar 2018	271	+3.7%	Cons. · Japanese GAAP
FYE Mar 2019	312	+15.4%	Cons. · Japanese GAAP
FYE Mar 2020	277	moved to IFRS	Cons. · IFRS
FYE Mar 2021	245	−11.5%	Cons. · IFRS
FYE Mar 2022	280	+14.3%	Cons. · IFRS
FYE Mar 2023	364	+30.3%	Cons. · IFRS
FYE Mar 2024	377	+3.6%	Cons. · IFRS
FYE Mar 2025	374	−0.8%	Cons. · IFRS
FYE Mar 2026	417	+11.4%	Cons. · IFRS

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 ¥127bn

CAGR · 10 yrs −2.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	153	n/a	Cons. · Japanese GAAP
FYE Mar 2018	156	+1.7%	Cons. · Japanese GAAP
FYE Mar 2019	170	+9.5%	Cons. · Japanese GAAP
FYE Mar 2020	95.1	moved to IFRS	Cons. · IFRS
FYE Mar 2021	91.9	−3.4%	Cons. · IFRS
FYE Mar 2022	91.8	−0.1%	Cons. · IFRS
FYE Mar 2023	97.8	+6.5%	Cons. · IFRS
FYE Mar 2024	99.7	+1.9%	Cons. · IFRS
FYE Mar 2025	102	+2.2%	Cons. · IFRS
FYE Mar 2026	127	+24.6%	Cons. · IFRS

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 ¥167bn

CAGR · 10 yrs +4.9%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	108	n/a	Cons. · Japanese GAAP
FYE Mar 2018	115	+6.5%	Cons. · Japanese GAAP
FYE Mar 2019	139	+20.2%	Cons. · Japanese GAAP
FYE Mar 2020	131	moved to IFRS	Cons. · IFRS
FYE Mar 2021	117	−10.1%	Cons. · IFRS
FYE Mar 2022	110	−6.1%	Cons. · IFRS
FYE Mar 2023	149	+35.1%	Cons. · IFRS
FYE Mar 2024	153	+2.9%	Cons. · IFRS
FYE Mar 2025	157	+2.1%	Cons. · IFRS
FYE Mar 2026	167	+6.5%	Cons. · IFRS

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

Non-operating income

FYE Mar 2026 ¥81bn

CAGR · 10 yrs +17.2%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	19.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	28.3	+46.7%	Cons. · Japanese GAAP
FYE Mar 2019	32.4	+14.3%	Cons. · Japanese GAAP
FYE Mar 2020	30.5	moved to IFRS	Cons. · IFRS
FYE Mar 2021	26.5	−13.1%	Cons. · IFRS
FYE Mar 2022	16.8	−36.7%	Cons. · IFRS
FYE Mar 2023	75.8	+351.4%	Cons. · IFRS
FYE Mar 2024	51.7	−31.9%	Cons. · IFRS
FYE Mar 2025	53.2	+2.9%	Cons. · IFRS
FYE Mar 2026	80.8	+51.9%	Cons. · IFRS

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 ¥8.6bn

CAGR · 10 yrs +7.6%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	4.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.9	+8.8%	Cons. · Japanese GAAP
FYE Mar 2019	3.4	−29.7%	Cons. · Japanese GAAP
FYE Mar 2020	2.6	moved to IFRS	Cons. · IFRS
FYE Mar 2021	0.9	−64.0%	Cons. · IFRS
FYE Mar 2022	0.8	−10.6%	Cons. · IFRS
FYE Mar 2023	4.5	+435.1%	Cons. · IFRS
FYE Mar 2024	6.7	+48.9%	Cons. · IFRS
FYE Mar 2025	9.0	+34.7%	Cons. · IFRS
FYE Mar 2026	8.6	−4.7%	Cons. · IFRS

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 n/a

CAGR · 3 yrs +16.4%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	123	n/a	Cons. · Japanese GAAP
FYE Mar 2018	139	+12.7%	Cons. · Japanese GAAP
FYE Mar 2019	167	+20.1%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

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

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥205bn

CAGR · 10 yrs +10.4%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	83.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	109	+29.8%	Cons. · Japanese GAAP
FYE Mar 2019	133	+21.9%	Cons. · Japanese GAAP
FYE Mar 2020	121	moved to IFRS	Cons. · IFRS
FYE Mar 2021	112	−7.8%	Cons. · IFRS
FYE Mar 2022	114	+2.1%	Cons. · IFRS
FYE Mar 2023	185	+62.0%	Cons. · IFRS
FYE Mar 2024	162	−12.4%	Cons. · IFRS
FYE Mar 2025	170	+5.2%	Cons. · IFRS
FYE Mar 2026	205	+20.4%	Cons. · IFRS

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

Gross margin

FYE Mar 2026 83.5%

Average · 10 yrs 83.7%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	77.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	78.6	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	85.9	+7.3pp	Cons. · Japanese GAAP
FYE Mar 2020	83.0	moved to IFRS	Cons. · IFRS
FYE Mar 2021	82.3	−0.6pp	Cons. · IFRS
FYE Mar 2022	83.5	+1.1pp	Cons. · IFRS
FYE Mar 2023	85.4	+1.9pp	Cons. · IFRS
FYE Mar 2024	92.1	+6.6pp	Cons. · IFRS
FYE Mar 2025	85.4	−6.6pp	Cons. · IFRS
FYE Mar 2026	83.5	−1.9pp	Cons. · IFRS

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Mar 2026 33.4%

Average · 10 yrs 35.6%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	31.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.4	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	38.1	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2020	39.2	moved to IFRS	Cons. · IFRS
FYE Mar 2021	39.5	+0.3pp	Cons. · IFRS
FYE Mar 2022	32.9	−6.6pp	Cons. · IFRS
FYE Mar 2023	34.9	+2.0pp	Cons. · IFRS
FYE Mar 2024	37.4	+2.5pp	Cons. · IFRS
FYE Mar 2025	35.7	−1.7pp	Cons. · IFRS
FYE Mar 2026	33.4	−2.4pp	Cons. · IFRS

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

Ordinary margin

FYE Mar 2026 n/a

Average · 3 yrs 40.8%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	36.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	40.2	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2019	45.8	+5.6pp	Cons. · Japanese GAAP
FYE Mar 2020	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

Definition: The share of revenue left at the ordinary-profit line
Formula: Ordinary profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Mar 2026 41.1%

Average · 10 yrs 36.4%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	24.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	31.6	+6.8pp	Cons. · Japanese GAAP
FYE Mar 2019	36.5	+4.9pp	Cons. · Japanese GAAP
FYE Mar 2020	36.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	37.6	+1.3pp	Cons. · IFRS
FYE Mar 2022	34.1	−3.6pp	Cons. · IFRS
FYE Mar 2023	43.3	+9.3pp	Cons. · IFRS
FYE Mar 2024	39.5	−3.8pp	Cons. · IFRS
FYE Mar 2025	38.9	−0.6pp	Cons. · IFRS
FYE Mar 2026	41.1	+2.2pp	Cons. · IFRS

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

Cost-of-sales ratio

FYE Mar 2026 16.5%

Average · 10 yrs 17.0%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	23.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.4	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	15.1	−6.4pp	Cons. · Japanese GAAP
FYE Mar 2020	17.0	moved to IFRS	Cons. · IFRS
FYE Mar 2021	17.7	+0.6pp	Cons. · IFRS
FYE Mar 2022	16.5	−1.1pp	Cons. · IFRS
FYE Mar 2023	14.6	−1.9pp	Cons. · IFRS
FYE Mar 2024	14.0	−0.5pp	Cons. · IFRS
FYE Mar 2025	14.6	+0.5pp	Cons. · IFRS
FYE Mar 2026	16.5	+1.9pp	Cons. · IFRS

Definition: The share of revenue taken by the cost of sales
Formula: Cost of sales ÷ revenue
Source: Securities report (XBRL)

SG&A ratio

FYE Mar 2026 25.4%

Average · 10 yrs 32.0%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	45.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	45.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	46.8	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	28.5	moved to IFRS	Cons. · IFRS
FYE Mar 2021	30.9	+2.4pp	Cons. · IFRS
FYE Mar 2022	27.4	−3.5pp	Cons. · IFRS
FYE Mar 2023	22.9	−4.5pp	Cons. · IFRS
FYE Mar 2024	24.3	+1.4pp	Cons. · IFRS
FYE Mar 2025	23.2	−1.1pp	Cons. · IFRS
FYE Mar 2026	25.4	+2.2pp	Cons. · IFRS

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 ¥2.58tn

CAGR · 10 yrs +16.3%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	661	n/a	Cons. · Japanese GAAP
FYE Mar 2018	711	+7.6%	Cons. · Japanese GAAP
FYE Mar 2019	779	+9.5%	Cons. · Japanese GAAP
FYE Mar 2020	774	moved to IFRS	Cons. · IFRS
FYE Mar 2021	999	+29.1%	Cons. · IFRS
FYE Mar 2022	1,151	+15.2%	Cons. · IFRS
FYE Mar 2023	1,312	+14.0%	Cons. · IFRS
FYE Mar 2024	1,417	+8.0%	Cons. · IFRS
FYE Mar 2025	1,535	+8.4%	Cons. · IFRS
FYE Mar 2026	2,577	+67.8%	Cons. · IFRS

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 ¥1.68tn

CAGR · 10 yrs +13.9%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	523	n/a	Cons. · Japanese GAAP
FYE Mar 2018	601	+15.0%	Cons. · Japanese GAAP
FYE Mar 2019	668	+11.1%	Cons. · Japanese GAAP
FYE Mar 2020	684	moved to IFRS	Cons. · IFRS
FYE Mar 2021	828	+21.1%	Cons. · IFRS
FYE Mar 2022	958	+15.8%	Cons. · IFRS
FYE Mar 2023	1,078	+12.5%	Cons. · IFRS
FYE Mar 2024	1,218	+13.0%	Cons. · IFRS
FYE Mar 2025	1,361	+11.8%	Cons. · IFRS
FYE Mar 2026	1,684	+23.7%	Cons. · IFRS

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 ¥660bn

CAGR · 6 yrs +131.2%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	10.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	28.5	+184.9%	Cons. · Japanese GAAP
FYE Mar 2019	0.9	−96.8%	Cons. · Japanese GAAP
FYE Mar 2020	0.0	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	Cons. · IFRS
FYE Mar 2025	0.0	n/a	Cons. · IFRS
FYE Mar 2026	660	n/a	Cons. · IFRS

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

Short-term borrowings

FYE Mar 2026 ¥660bn

CAGR · 3 yrs +712.4%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	0.9	−90.8%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	660	n/a	Cons. · IFRS

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

Bonds

FYE Mar 2026 n/a

CAGR · 3 yrs −78.6%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	20.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.5	−7.8%	Cons. · Japanese GAAP
FYE Mar 2019	0.9	−95.0%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

Definition: Bonds outstanding
Formula: Bonds line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥174bn

CAGR · 10 yrs +7.4%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	91.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	75.1	−17.6%	Cons. · Japanese GAAP
FYE Mar 2019	47.8	−36.3%	Cons. · Japanese GAAP
FYE Mar 2020	51.7	moved to IFRS	Cons. · IFRS
FYE Mar 2021	76.6	+48.1%	Cons. · IFRS
FYE Mar 2022	81.2	+6.1%	Cons. · IFRS
FYE Mar 2023	96.3	+18.6%	Cons. · IFRS
FYE Mar 2024	118	+22.1%	Cons. · IFRS
FYE Mar 2025	144	+22.1%	Cons. · IFRS
FYE Mar 2026	174	+20.8%	Cons. · IFRS

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

Goodwill

FYE Mar 2026 ¥35bn

CAGR · 10 yrs −0.8%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	37.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	32.9	−12.7%	Cons. · Japanese GAAP
FYE Mar 2019	3.4	−89.8%	Cons. · Japanese GAAP
FYE Mar 2020	7.9	moved to IFRS	Cons. · IFRS
FYE Mar 2021	9.4	+19.1%	Cons. · IFRS
FYE Mar 2022	9.6	+3.0%	Cons. · IFRS
FYE Mar 2023	9.8	+1.9%	Cons. · IFRS
FYE Mar 2024	15.3	+55.7%	Cons. · IFRS
FYE Mar 2025	15.7	+3.0%	Cons. · IFRS
FYE Mar 2026	35.1	+122.6%	Cons. · IFRS

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 65.4%

Average · 10 yrs 82.6%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	79.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	84.5	+5.5pp	Cons. · Japanese GAAP
FYE Mar 2019	85.8	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	88.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	82.9	−5.5pp	Cons. · IFRS
FYE Mar 2022	83.3	+0.4pp	Cons. · IFRS
FYE Mar 2023	82.2	−1.1pp	Cons. · IFRS
FYE Mar 2024	86.0	+3.8pp	Cons. · IFRS
FYE Mar 2025	88.7	+2.7pp	Cons. · IFRS
FYE Mar 2026	65.4	−23.3pp	Cons. · IFRS

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 39.2%

Average · 6 yrs 7.7%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	1.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.7	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2019	0.1	−4.6pp	Cons. · Japanese GAAP
FYE Mar 2020	0.0	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	Cons. · IFRS
FYE Mar 2025	0.0	n/a	Cons. · IFRS
FYE Mar 2026	39.2	+39.2pp	Cons. · IFRS

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 12.2%

Average · 10 yrs 15.2%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	16.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.1	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2019	19.9	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2020	17.7	moved to IFRS	Cons. · IFRS
FYE Mar 2021	13.5	−4.2pp	Cons. · IFRS
FYE Mar 2022	11.9	−1.6pp	Cons. · IFRS
FYE Mar 2023	17.2	+5.2pp	Cons. · IFRS
FYE Mar 2024	13.3	−3.9pp	Cons. · IFRS
FYE Mar 2025	12.5	−0.8pp	Cons. · IFRS
FYE Mar 2026	12.2	−0.3pp	Cons. · IFRS

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

ROA return on assets

FYE Mar 2026 8.0%

Average · 10 yrs 12.6%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	12.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.3	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2019	17.0	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	15.7	moved to IFRS	Cons. · IFRS
FYE Mar 2021	11.2	−4.5pp	Cons. · IFRS
FYE Mar 2022	9.9	−1.3pp	Cons. · IFRS
FYE Mar 2023	14.1	+4.2pp	Cons. · IFRS
FYE Mar 2024	11.4	−2.7pp	Cons. · IFRS
FYE Mar 2025	11.1	−0.3pp	Cons. · IFRS
FYE Mar 2026	8.0	−3.1pp	Cons. · IFRS

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

Asset turnover

FYE Mar 2026 0.19×

CAGR · 10 yrs −10.2%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.51	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.48	−5.4%	Cons. · Japanese GAAP
FYE Mar 2019	0.47	−3.6%	Cons. · Japanese GAAP
FYE Mar 2020	0.43	moved to IFRS	Cons. · IFRS
FYE Mar 2021	0.30	−31.0%	Cons. · IFRS
FYE Mar 2022	0.29	−2.1%	Cons. · IFRS
FYE Mar 2023	0.33	+11.7%	Cons. · IFRS
FYE Mar 2024	0.29	−11.0%	Cons. · IFRS
FYE Mar 2025	0.29	−1.4%	Cons. · IFRS
FYE Mar 2026	0.19	−32.1%	Cons. · IFRS

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 ¥214bn

CAGR · 10 yrs +7.4%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	112	n/a	Cons. · Japanese GAAP
FYE Mar 2018	130	+16.0%	Cons. · Japanese GAAP
FYE Mar 2019	146	+12.2%	Cons. · Japanese GAAP
FYE Mar 2020	129	moved to IFRS	Cons. · IFRS
FYE Mar 2021	109	−15.6%	Cons. · IFRS
FYE Mar 2022	102	−6.4%	Cons. · IFRS
FYE Mar 2023	178	+74.3%	Cons. · IFRS
FYE Mar 2024	154	−13.3%	Cons. · IFRS
FYE Mar 2025	195	+26.7%	Cons. · IFRS
FYE Mar 2026	214	+9.3%	Cons. · IFRS

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

Investing cash flow

FYE Mar 2026 -¥506bn

Average · 10 yrs -¥91bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-31.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-51.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-36.3	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-29.5	moved to IFRS	Cons. · IFRS
FYE Mar 2021	-5.3	n/a	Cons. · IFRS
FYE Mar 2022	-96.2	n/a	Cons. · IFRS
FYE Mar 2023	-48.3	n/a	Cons. · IFRS
FYE Mar 2024	5.9	n/a	Cons. · IFRS
FYE Mar 2025	-116	−2060.1%	Cons. · IFRS
FYE Mar 2026	-506	n/a	Cons. · IFRS

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Mar 2026 ¥599bn

Average · 10 yrs -¥4.0bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-57.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-53.9	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-87.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-85.1	moved to IFRS	Cons. · IFRS
FYE Mar 2021	-43.9	n/a	Cons. · IFRS
FYE Mar 2022	-36.6	n/a	Cons. · IFRS
FYE Mar 2023	-84.1	n/a	Cons. · IFRS
FYE Mar 2024	-127	n/a	Cons. · IFRS
FYE Mar 2025	-64.9	n/a	Cons. · IFRS
FYE Mar 2026	599	n/a	Cons. · IFRS

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 ¥711bn

CAGR · 10 yrs +18.9%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	149	n/a	Cons. · Japanese GAAP
FYE Mar 2018	172	+15.5%	Cons. · Japanese GAAP
FYE Mar 2019	196	+13.6%	Cons. · Japanese GAAP
FYE Mar 2020	209	moved to IFRS	Cons. · IFRS
FYE Mar 2021	276	+32.2%	Cons. · IFRS
FYE Mar 2022	254	−7.9%	Cons. · IFRS
FYE Mar 2023	309	+21.5%	Cons. · IFRS
FYE Mar 2024	358	+15.8%	Cons. · IFRS
FYE Mar 2025	375	+4.7%	Cons. · IFRS
FYE Mar 2026	711	+89.8%	Cons. · IFRS

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 -¥293bn

Average · 10 yrs ¥55bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	80.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	78.6	−2.1%	Cons. · Japanese GAAP
FYE Mar 2019	109	+39.2%	Cons. · Japanese GAAP
FYE Mar 2020	99.7	moved to IFRS	Cons. · IFRS
FYE Mar 2021	104	+4.1%	Cons. · IFRS
FYE Mar 2022	5.9	−94.3%	Cons. · IFRS
FYE Mar 2023	130	+2109.7%	Cons. · IFRS
FYE Mar 2024	160	+23.6%	Cons. · IFRS
FYE Mar 2025	79.4	−50.5%	Cons. · IFRS
FYE Mar 2026	-293	−468.6%	Cons. · IFRS

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 42.7%

Average · 10 yrs 38.3%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	33.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	37.7	+4.6pp	Cons. · Japanese GAAP
FYE Mar 2019	40.1	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2020	38.7	moved to IFRS	Cons. · IFRS
FYE Mar 2021	36.7	−2.0pp	Cons. · IFRS
FYE Mar 2022	30.5	−6.2pp	Cons. · IFRS
FYE Mar 2023	41.7	+11.2pp	Cons. · IFRS
FYE Mar 2024	37.6	−4.1pp	Cons. · IFRS
FYE Mar 2025	44.6	+7.0pp	Cons. · IFRS
FYE Mar 2026	42.7	−1.9pp	Cons. · IFRS

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

Net cash

FYE Mar 2026 ¥51bn

CAGR · 6 yrs −18.1%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	139	n/a	Cons. · Japanese GAAP
FYE Mar 2018	144	+3.3%	Cons. · Japanese GAAP
FYE Mar 2019	195	+35.4%	Cons. · Japanese GAAP
FYE Mar 2020	209	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	Cons. · IFRS
FYE Mar 2025	375	n/a	Cons. · IFRS
FYE Mar 2026	51.4	−86.3%	Cons. · IFRS

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 ¥3.09tn

Change · 10 yrs +¥1.20tn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	1,890	n/a
FYE Mar 2018	1,777	n/a
FYE Mar 2019	2,167	n/a
FYE Mar 2020	1,680	n/a
FYE Mar 2021	1,854	n/a
FYE Mar 2022	2,348	n/a
FYE Mar 2023	1,833	n/a
FYE Mar 2024	2,386	n/a
FYE Mar 2025	1,996	n/a
FYE Mar 2026	3,089	n/a

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

Share price year-end close

FYE Mar 2026 3,472¥

Change · 10 yrs −2,271¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	5,743	n/a
FYE Mar 2018	5,483	n/a
FYE Mar 2019	6,840	n/a
FYE Mar 2020	5,303	n/a
FYE Mar 2021	5,950	n/a
FYE Mar 2022	7,537	n/a
FYE Mar 2023	5,964	n/a
FYE Mar 2024	7,763	n/a
FYE Mar 2025	2,244	n/a
FYE Mar 2026	3,472	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 889,632,195shares

Change · 10 yrs +560,496,030 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	329,136,165	Parent
FYE Mar 2018	324,136,165	Parent
FYE Mar 2019	316,786,165	Parent
FYE Mar 2020	316,786,165	Parent
FYE Mar 2021	311,586,165	Parent
FYE Mar 2022	311,586,165	Parent
FYE Mar 2023	307,386,165	Parent
FYE Mar 2024	307,386,165	Parent
FYE Mar 2025	889,632,195	Parent
FYE Mar 2026	889,632,195	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 241.11¥

Change · 10 yrs −18.77¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	259.88	Cons.
FYE Mar 2018	342.71	Cons.
FYE Mar 2019	438.47	Cons.
FYE Mar 2020	395.71	Cons.
FYE Mar 2021	121.68	Cons.
FYE Mar 2022	126.25	Cons.
FYE Mar 2023	207.10	Cons.
FYE Mar 2024	186.17	Cons.
FYE Mar 2025	200.36	Cons.
FYE Mar 2026	241.11	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 1,893.17¥

Change · 10 yrs +304.96¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,588.21	Cons. · Japanese GAAP
FYE Mar 2018	1,855.31	Cons. · Japanese GAAP
FYE Mar 2019	2,109.04	Cons. · Japanese GAAP
FYE Mar 2020	2,157.91	Cons. · IFRS
FYE Mar 2021	2,656.30	Cons. · IFRS
FYE Mar 2022	3,074.71	Cons. · IFRS
FYE Mar 2023	3,507.69	Cons. · IFRS
FYE Mar 2024	3,962.73	Cons. · IFRS
FYE Mar 2025	1,530.24	Cons. · IFRS
FYE Mar 2026	1,893.17	Cons. · IFRS

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

PER price-to-earnings ratio

FYE Mar 2026 14.40×

Average · 10 yrs 15.24×

Fiscal year	PER ×	Basis
FYE Mar 2017	22.10	Cons.
FYE Mar 2018	16.00	Cons.
FYE Mar 2019	15.60	Cons.
FYE Mar 2020	13.40	Cons.
FYE Mar 2021	16.30	Cons.
FYE Mar 2022	19.90	Cons.
FYE Mar 2023	9.60	Cons.
FYE Mar 2024	13.90	Cons.
FYE Mar 2025	11.20	Cons.
FYE Mar 2026	14.40	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 1.75×

Average · 10 yrs 2.16×

Fiscal year	PBR ×	Basis
FYE Mar 2017	3.51	Cons.
FYE Mar 2018	2.36	Cons.
FYE Mar 2019	2.63	Cons.
FYE Mar 2020	2.11	Cons.
FYE Mar 2021	2.12	Cons.
FYE Mar 2022	2.33	Cons.
FYE Mar 2023	1.60	Cons.
FYE Mar 2024	1.78	Cons.
FYE Mar 2025	1.40	Cons.
FYE Mar 2026	1.75	Cons.

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

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

Group employees

FYE Mar 2026 6,223people

Change · 10 yrs +712 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	5,511	n/a	Cons.
FYE Mar 2018	5,120	−7.1%	Cons.
FYE Mar 2019	5,233	+2.2%	Cons.
FYE Mar 2020	5,222	−0.2%	Cons.
FYE Mar 2021	5,485	+5.0%	Cons.
FYE Mar 2022	5,693	+3.8%	Cons.
FYE Mar 2023	5,680	−0.2%	Cons.
FYE Mar 2024	4,959	−12.7%	Cons.
FYE Mar 2025	4,955	−0.1%	Cons.
FYE Mar 2026	6,223	+25.6%	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 2,808people

Change · 10 yrs −1,103 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	3,911	n/a	Parent
FYE Mar 2018	3,677	−6.0%	Parent
FYE Mar 2019	3,596	−2.2%	Parent
FYE Mar 2020	2,667	−25.8%	Parent
FYE Mar 2021	2,589	−2.9%	Parent
FYE Mar 2022	2,510	−3.1%	Parent
FYE Mar 2023	2,458	−2.1%	Parent
FYE Mar 2024	2,117	−13.9%	Parent
FYE Mar 2025	2,129	+0.6%	Parent
FYE Mar 2026	2,808	+31.9%	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 ¥10.3m

Change · 10 yrs +¥1.0m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	9.3	n/a	Parent
FYE Mar 2018	9.2	−0.9%	Parent
FYE Mar 2019	9.0	−1.7%	Parent
FYE Mar 2020	9.4	+4.3%	Parent
FYE Mar 2021	9.0	−4.3%	Parent
FYE Mar 2022	8.6	−5.0%	Parent
FYE Mar 2023	9.1	+6.2%	Parent
FYE Mar 2024	9.6	+5.9%	Parent
FYE Mar 2025	10.0	+4.0%	Parent
FYE Mar 2026	10.3	+2.7%	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 42.4years

Change · 8 yrs +0.7 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	41.7	n/a	Parent
FYE Mar 2020	41.3	−1.0%	Parent
FYE Mar 2021	41.2	−0.2%	Parent
FYE Mar 2022	41.6	+1.0%	Parent
FYE Mar 2023	42.1	+1.2%	Parent
FYE Mar 2024	40.9	−2.9%	Parent
FYE Mar 2025	41.5	+1.5%	Parent
FYE Mar 2026	42.4	+2.2%	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 Mar 2026 15.6years

Change · 10 yrs −1.8 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	17.4	n/a	Parent
FYE Mar 2018	17.3	−0.6%	Parent
FYE Mar 2019	17.3	−0.0%	Parent
FYE Mar 2020	15.9	−8.1%	Parent
FYE Mar 2021	15.7	−1.3%	Parent
FYE Mar 2022	16.4	+4.5%	Parent
FYE Mar 2023	16.5	+0.6%	Parent
FYE Mar 2024	15.1	−8.5%	Parent
FYE Mar 2025	15.2	+0.7%	Parent
FYE Mar 2026	15.6	+2.6%	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 550people

Change · 10 yrs −316 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	866	n/a	n/a
FYE Mar 2018	1,149	+32.7%	n/a
FYE Mar 2019	1,071	−6.8%	n/a
FYE Mar 2020	1,022	−4.6%	n/a
FYE Mar 2021	1,016	−0.6%	n/a
FYE Mar 2022	748	−26.4%	n/a
FYE Mar 2023	524	−29.9%	n/a
FYE Mar 2024	530	+1.1%	n/a
FYE Mar 2025	525	−0.9%	n/a
FYE Mar 2026	550	+4.8%	n/a

Definition: Average number of temporary and part-time staff over the year
Formula: Average temporary headcount, from the employee section of the filing
Source: Securities report (XBRL)

Revenue per employee

FYE Mar 2026 ¥80.3m

Change · 10 yrs +¥18.8m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	61.5	n/a	Cons.
FYE Mar 2018	67.3	+9.5%	Cons.
FYE Mar 2019	69.5	+3.2%	Cons.
FYE Mar 2020	63.8	n/a	Cons.
FYE Mar 2021	54.2	−15.1%	Cons.
FYE Mar 2022	58.9	+8.7%	Cons.
FYE Mar 2023	75.1	+27.6%	Cons.
FYE Mar 2024	82.7	+10.1%	Cons.
FYE Mar 2025	88.4	+7.0%	Cons.
FYE Mar 2026	80.3	−9.2%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥26.8m

Change · 10 yrs +¥7.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	19.6	n/a	Cons.
FYE Mar 2018	22.5	+14.6%	Cons.
FYE Mar 2019	26.5	+17.6%	Cons.
FYE Mar 2020	25.0	n/a	Cons.
FYE Mar 2021	21.4	−14.4%	Cons.
FYE Mar 2022	19.4	−9.5%	Cons.
FYE Mar 2023	26.2	+35.4%	Cons.
FYE Mar 2024	30.9	+17.9%	Cons.
FYE Mar 2025	31.6	+2.2%	Cons.
FYE Mar 2026	26.8	−15.2%	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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