Financials

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

FYE Mar 2026 · Revenue¥590bnYoY +0.2%

FYE Mar 2026 · Operating profit¥50bnYoY −4.5%

FYE Mar 2026 · Net profit¥32bnYoY −17.4%

FYE Mar 2026 · Equity ratio37.4%YoY +1.5pp

FYE Mar 2026 · Group employees16,739YoY −675

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥330bn	n/a	¥35bn	n/a	10.7%	¥24bn	Ishino Hiroshi	U.S. Paint Corporation — entry to America
FYE Mar 2018Consolidated	¥402bn	+21.7%	¥36bn	+1.4%	8.9%	¥18bn	Ishino Hiroshi	Kansai Helios Group acquired; revenue tops ¥400bn
FYE Mar 2019Consolidated	¥427bn	+6.3%	¥32bn	−9.8%	7.6%	¥17bn	Ishino Hiroshi	—
FYE Mar 2020Consolidated	¥407bn	−4.8%	¥32bn	−2.5%	7.7%	¥18bn	Ishino Hiroshi	<a class="en-history_person" href="/tse/4613/executives/ceo/mouri-satoshi/" hreflang="ja">Mouri Satoshi</a> becomes president
FYE Mar 2021Consolidated	¥365bn	−10.4%	¥31bn	−0.9%	8.6%	¥20bn	Mouri Satoshi	—
FYE Mar 2022Consolidated	¥419bn	+15.0%	¥30bn	−3.6%	7.2%	¥27bn	Mouri Satoshi	—
FYE Mar 2023Consolidated	¥509bn	+21.4%	¥32bn	+6.6%	6.3%	¥25bn	Mouri Satoshi	Moves to the TSE Prime Market; Africa sale agreed with AkzoNobel
FYE Mar 2024Consolidated	¥562bn	+10.5%	¥52bn	+60.8%	9.2%	¥67bn	Mouri Satoshi	South African regulator blocks the sale; deal terminated
FYE Mar 2025Consolidated	¥589bn	+4.7%	¥52bn	+0.9%	8.8%	¥38bn	Mouri Satoshi	18th medium-term plan — <em>True Color</em> restructuring in Europe
FYE Mar 2026Consolidated	¥590bn	+0.2%	¥50bn	−4.5%	8.4%	¥32bn	Mouri Satoshi	FY24 revenue <span class="en-history_money" data-yen="588800000000" data-year="2024">$3.9B (¥589bn)</span>

How it compares

Nippon Paint Holdings¥1.77tnFY2025Operating margin 14.5%DIC Corporation¥1.05tnFY2025Operating margin 5.0%

Kansai Paint¥590bnFY2025Operating margin 8.4%

artience Co., Ltd.¥350bnFY2025Operating margin 5.9%

CHUGOKU MARINE PAINTS, LTD.¥139bnFY2025Operating margin 12.5%

SK Kaken¥110bnFY2025Operating margin 11.1%

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 ¥590bn

CAGR · 10 yrs +6.7%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	330	n/a	Cons. · Japanese GAAP
FYE Mar 2018	402	+21.7%	Cons. · Japanese GAAP
FYE Mar 2019	427	+6.3%	Cons. · Japanese GAAP
FYE Mar 2020	407	−4.8%	Cons. · Japanese GAAP
FYE Mar 2021	365	−10.4%	Cons. · Japanese GAAP
FYE Mar 2022	419	+15.0%	Cons. · Japanese GAAP
FYE Mar 2023	509	+21.4%	Cons. · Japanese GAAP
FYE Mar 2024	562	+10.5%	Cons. · Japanese GAAP
FYE Mar 2025	589	+4.7%	Cons. · Japanese GAAP
FYE Mar 2026	590	+0.2%	Cons. · Japanese GAAP

Definition: Everything the company took in from its own business
Formula: Revenue line of the income statement
Source: Securities report (XBRL)

Cost of sales

FYE Mar 2026 ¥398bn

CAGR · 10 yrs +6.9%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	219	n/a	Cons. · Japanese GAAP
FYE Mar 2018	270	+23.5%	Cons. · Japanese GAAP
FYE Mar 2019	294	+9.0%	Cons. · Japanese GAAP
FYE Mar 2020	277	−5.7%	Cons. · Japanese GAAP
FYE Mar 2021	244	−12.0%	Cons. · Japanese GAAP
FYE Mar 2022	294	+20.6%	Cons. · Japanese GAAP
FYE Mar 2023	372	+26.5%	Cons. · Japanese GAAP
FYE Mar 2024	389	+4.5%	Cons. · Japanese GAAP
FYE Mar 2025	403	+3.7%	Cons. · Japanese GAAP
FYE Mar 2026	398	−1.2%	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 ¥191bn

CAGR · 10 yrs +6.2%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	112	n/a	Cons. · Japanese GAAP
FYE Mar 2018	132	+18.3%	Cons. · Japanese GAAP
FYE Mar 2019	133	+0.9%	Cons. · Japanese GAAP
FYE Mar 2020	130	−2.8%	Cons. · Japanese GAAP
FYE Mar 2021	121	−6.8%	Cons. · Japanese GAAP
FYE Mar 2022	125	+3.6%	Cons. · Japanese GAAP
FYE Mar 2023	137	+9.6%	Cons. · Japanese GAAP
FYE Mar 2024	173	+26.5%	Cons. · Japanese GAAP
FYE Mar 2025	186	+7.1%	Cons. · Japanese GAAP
FYE Mar 2026	191	+3.0%	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 ¥142bn

CAGR · 10 yrs +7.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	76.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	96.2	+26.1%	Cons. · Japanese GAAP
FYE Mar 2019	101	+4.9%	Cons. · Japanese GAAP
FYE Mar 2020	98.0	−2.9%	Cons. · Japanese GAAP
FYE Mar 2021	89.5	−8.7%	Cons. · Japanese GAAP
FYE Mar 2022	94.9	+6.1%	Cons. · Japanese GAAP
FYE Mar 2023	105	+10.6%	Cons. · Japanese GAAP
FYE Mar 2024	122	+16.0%	Cons. · Japanese GAAP
FYE Mar 2025	134	+9.8%	Cons. · Japanese GAAP
FYE Mar 2026	142	+6.0%	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 ¥50bn

CAGR · 10 yrs +3.9%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	35.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.8	+1.4%	Cons. · Japanese GAAP
FYE Mar 2019	32.3	−9.8%	Cons. · Japanese GAAP
FYE Mar 2020	31.5	−2.5%	Cons. · Japanese GAAP
FYE Mar 2021	31.2	−0.9%	Cons. · Japanese GAAP
FYE Mar 2022	30.1	−3.6%	Cons. · Japanese GAAP
FYE Mar 2023	32.1	+6.6%	Cons. · Japanese GAAP
FYE Mar 2024	51.6	+60.8%	Cons. · Japanese GAAP
FYE Mar 2025	52.1	+0.9%	Cons. · Japanese GAAP
FYE Mar 2026	49.7	−4.5%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥15bn

CAGR · 10 yrs +6.7%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	8.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.5	−45.5%	Cons. · Japanese GAAP
FYE Mar 2019	6.9	+54.6%	Cons. · Japanese GAAP
FYE Mar 2020	8.2	+18.2%	Cons. · Japanese GAAP
FYE Mar 2021	8.7	+6.1%	Cons. · Japanese GAAP
FYE Mar 2022	10.4	+20.6%	Cons. · Japanese GAAP
FYE Mar 2023	10.8	+3.4%	Cons. · Japanese GAAP
FYE Mar 2024	13.6	+26.3%	Cons. · Japanese GAAP
FYE Mar 2025	7.4	−45.9%	Cons. · Japanese GAAP
FYE Mar 2026	14.7	+99.3%	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 ¥9.7bn

CAGR · 10 yrs +12.1%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	3.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.0	+101.9%	Cons. · Japanese GAAP
FYE Mar 2019	4.4	−37.8%	Cons. · Japanese GAAP
FYE Mar 2020	4.8	+9.7%	Cons. · Japanese GAAP
FYE Mar 2021	4.0	−16.5%	Cons. · Japanese GAAP
FYE Mar 2022	2.9	−26.8%	Cons. · Japanese GAAP
FYE Mar 2023	2.7	−9.3%	Cons. · Japanese GAAP
FYE Mar 2024	7.5	+183.6%	Cons. · Japanese GAAP
FYE Mar 2025	10.3	+36.8%	Cons. · Japanese GAAP
FYE Mar 2026	9.7	−5.9%	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 ¥55bn

CAGR · 10 yrs +3.5%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	40.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.2	−16.9%	Cons. · Japanese GAAP
FYE Mar 2019	34.8	+4.8%	Cons. · Japanese GAAP
FYE Mar 2020	34.9	+0.1%	Cons. · Japanese GAAP
FYE Mar 2021	35.9	+2.9%	Cons. · Japanese GAAP
FYE Mar 2022	37.6	+4.8%	Cons. · Japanese GAAP
FYE Mar 2023	40.2	+6.9%	Cons. · Japanese GAAP
FYE Mar 2024	57.7	+43.4%	Cons. · Japanese GAAP
FYE Mar 2025	49.1	−14.9%	Cons. · Japanese GAAP
FYE Mar 2026	54.7	+11.4%	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 ¥8.0bn

CAGR · 10 yrs +23.7%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	1.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.5	+109.8%	Cons. · Japanese GAAP
FYE Mar 2019	3.1	+23.5%	Cons. · Japanese GAAP
FYE Mar 2020	1.9	−37.1%	Cons. · Japanese GAAP
FYE Mar 2021	8.4	+338.9%	Cons. · Japanese GAAP
FYE Mar 2022	6.6	−21.8%	Cons. · Japanese GAAP
FYE Mar 2023	4.2	−36.7%	Cons. · Japanese GAAP
FYE Mar 2024	51.3	+1130.3%	Cons. · Japanese GAAP
FYE Mar 2025	19.4	−62.2%	Cons. · Japanese GAAP
FYE Mar 2026	8.0	−58.9%	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 ¥32bn

CAGR · 10 yrs +3.0%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	24.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.7	−26.8%	Cons. · Japanese GAAP
FYE Mar 2019	17.4	−1.7%	Cons. · Japanese GAAP
FYE Mar 2020	18.5	+6.2%	Cons. · Japanese GAAP
FYE Mar 2021	20.0	+8.4%	Cons. · Japanese GAAP
FYE Mar 2022	26.5	+32.4%	Cons. · Japanese GAAP
FYE Mar 2023	25.2	−5.0%	Cons. · Japanese GAAP
FYE Mar 2024	67.1	+166.4%	Cons. · Japanese GAAP
FYE Mar 2025	38.3	−42.9%	Cons. · Japanese GAAP
FYE Mar 2026	31.6	−17.4%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 32.4%

Average · 10 yrs 31.4%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	33.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	32.8	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	31.2	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	31.8	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	33.1	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2022	29.8	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2023	26.9	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2024	30.8	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2025	31.5	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	32.4	+0.9pp	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 8.4%

Average · 10 yrs 8.3%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	10.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.9	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2019	7.6	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	7.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	8.6	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	7.2	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2023	6.3	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	9.2	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2025	8.8	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	8.4	−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 9.3%

Average · 10 yrs 9.2%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	12.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.3	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2019	8.2	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	8.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	9.8	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2022	9.0	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	7.9	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	10.3	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2025	8.3	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2026	9.3	+0.9pp	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 5.4%

Average · 10 yrs 6.1%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	7.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.4	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2019	4.1	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	4.5	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	5.5	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	6.3	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2023	4.9	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	11.9	+7.0pp	Cons. · Japanese GAAP
FYE Mar 2025	6.5	−5.4pp	Cons. · Japanese GAAP
FYE Mar 2026	5.4	−1.1pp	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 67.6%

Average · 10 yrs 68.6%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	66.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	67.2	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	68.8	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	68.2	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	66.9	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2022	70.2	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2023	73.1	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2024	69.2	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2025	68.5	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	67.6	−0.9pp	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 24.0%

Average · 10 yrs 23.1%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	23.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.9	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	23.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	24.1	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	24.5	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	22.6	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2023	20.6	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2024	21.7	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2025	22.7	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	24.0	+1.3pp	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 ¥802bn

CAGR · 10 yrs +4.4%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	542	n/a	Cons. · Japanese GAAP
FYE Mar 2018	601	+10.9%	Cons. · Japanese GAAP
FYE Mar 2019	584	−2.9%	Cons. · Japanese GAAP
FYE Mar 2020	544	−6.8%	Cons. · Japanese GAAP
FYE Mar 2021	607	+11.5%	Cons. · Japanese GAAP
FYE Mar 2022	600	−1.1%	Cons. · Japanese GAAP
FYE Mar 2023	672	+12.0%	Cons. · Japanese GAAP
FYE Mar 2024	690	+2.6%	Cons. · Japanese GAAP
FYE Mar 2025	751	+8.8%	Cons. · Japanese GAAP
FYE Mar 2026	802	+6.8%	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 ¥300bn

CAGR · 10 yrs +1.9%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	253	n/a	Cons. · Japanese GAAP
FYE Mar 2018	276	+9.1%	Cons. · Japanese GAAP
FYE Mar 2019	270	−2.3%	Cons. · Japanese GAAP
FYE Mar 2020	269	−0.4%	Cons. · Japanese GAAP
FYE Mar 2021	287	+6.7%	Cons. · Japanese GAAP
FYE Mar 2022	320	+11.6%	Cons. · Japanese GAAP
FYE Mar 2023	293	−8.5%	Cons. · Japanese GAAP
FYE Mar 2024	310	+5.8%	Cons. · Japanese GAAP
FYE Mar 2025	269	−13.1%	Cons. · Japanese GAAP
FYE Mar 2026	300	+11.4%	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 ¥22bn

CAGR · 10 yrs +6.2%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	12.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.8	+115.0%	Cons. · Japanese GAAP
FYE Mar 2019	20.6	−26.0%	Cons. · Japanese GAAP
FYE Mar 2020	30.8	+49.8%	Cons. · Japanese GAAP
FYE Mar 2021	13.8	−55.3%	Cons. · Japanese GAAP
FYE Mar 2022	8.9	−35.0%	Cons. · Japanese GAAP
FYE Mar 2023	75.9	+749.0%	Cons. · Japanese GAAP
FYE Mar 2024	15.8	−79.2%	Cons. · Japanese GAAP
FYE Mar 2025	19.5	+23.7%	Cons. · Japanese GAAP
FYE Mar 2026	22.3	+14.2%	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 ¥20bn

CAGR · 10 yrs +9.7%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	8.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.4	+221.8%	Cons. · Japanese GAAP
FYE Mar 2019	12.1	−55.7%	Cons. · Japanese GAAP
FYE Mar 2020	18.5	+52.2%	Cons. · Japanese GAAP
FYE Mar 2021	6.0	−67.4%	Cons. · Japanese GAAP
FYE Mar 2022	7.6	+27.2%	Cons. · Japanese GAAP
FYE Mar 2023	73.4	+860.4%	Cons. · Japanese GAAP
FYE Mar 2024	9.7	−86.9%	Cons. · Japanese GAAP
FYE Mar 2025	11.9	+23.2%	Cons. · Japanese GAAP
FYE Mar 2026	19.6	+64.8%	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 ¥2.6bn

CAGR · 10 yrs −5.5%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	4.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.4	−91.6%	Cons. · Japanese GAAP
FYE Mar 2019	8.4	+2185.6%	Cons. · Japanese GAAP
FYE Mar 2020	12.4	+46.5%	Cons. · Japanese GAAP
FYE Mar 2021	7.8	−37.3%	Cons. · Japanese GAAP
FYE Mar 2022	1.3	−83.3%	Cons. · Japanese GAAP
FYE Mar 2023	2.5	+90.6%	Cons. · Japanese GAAP
FYE Mar 2024	6.1	+147.7%	Cons. · Japanese GAAP
FYE Mar 2025	7.6	+24.3%	Cons. · Japanese GAAP
FYE Mar 2026	2.6	−65.2%	Cons. · Japanese GAAP

Definition: Borrowings repayable in more than a year
Formula: Long-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥82bn

CAGR · 10 yrs +2.4%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	66.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	77.7	+17.2%	Cons. · Japanese GAAP
FYE Mar 2019	67.3	−13.4%	Cons. · Japanese GAAP
FYE Mar 2020	58.4	−13.3%	Cons. · Japanese GAAP
FYE Mar 2021	51.3	−12.1%	Cons. · Japanese GAAP
FYE Mar 2022	48.9	−4.6%	Cons. · Japanese GAAP
FYE Mar 2023	63.7	+30.2%	Cons. · Japanese GAAP
FYE Mar 2024	66.2	+3.8%	Cons. · Japanese GAAP
FYE Mar 2025	80.5	+21.7%	Cons. · Japanese GAAP
FYE Mar 2026	82.2	+2.0%	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 ¥34bn

CAGR · 10 yrs −0.9%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	37.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	47.2	+27.7%	Cons. · Japanese GAAP
FYE Mar 2019	39.8	−15.7%	Cons. · Japanese GAAP
FYE Mar 2020	33.6	−15.7%	Cons. · Japanese GAAP
FYE Mar 2021	29.9	−10.9%	Cons. · Japanese GAAP
FYE Mar 2022	27.6	−7.7%	Cons. · Japanese GAAP
FYE Mar 2023	34.9	+26.6%	Cons. · Japanese GAAP
FYE Mar 2024	34.1	−2.4%	Cons. · Japanese GAAP
FYE Mar 2025	35.7	+4.9%	Cons. · Japanese GAAP
FYE Mar 2026	34.0	−4.7%	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 37.4%

Average · 10 yrs 45.1%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	46.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	46.0	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	46.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	49.4	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2021	47.3	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2022	53.3	+6.0pp	Cons. · Japanese GAAP
FYE Mar 2023	43.6	−9.7pp	Cons. · Japanese GAAP
FYE Mar 2024	44.9	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2025	35.9	−9.1pp	Cons. · Japanese GAAP
FYE Mar 2026	37.4	+1.5pp	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 7.4%

Average · 10 yrs 8.7%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	5.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.1	+5.0pp	Cons. · Japanese GAAP
FYE Mar 2019	7.6	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2020	11.5	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2021	4.8	−6.7pp	Cons. · Japanese GAAP
FYE Mar 2022	2.8	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2023	25.9	+23.1pp	Cons. · Japanese GAAP
FYE Mar 2024	5.1	−20.8pp	Cons. · Japanese GAAP
FYE Mar 2025	7.2	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2026	7.4	+0.2pp	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 10.5%

Average · 10 yrs 10.0%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	9.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.4	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2019	6.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	6.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	7.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	8.3	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2023	8.6	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	21.7	+13.0pp	Cons. · Japanese GAAP
FYE Mar 2025	14.2	−7.4pp	Cons. · Japanese GAAP
FYE Mar 2026	10.5	−3.7pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 3.9%

Average · 10 yrs 4.4%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	4.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.9	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	3.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	3.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	3.3	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	4.4	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	3.7	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	9.7	+6.0pp	Cons. · Japanese GAAP
FYE Mar 2025	5.1	−4.6pp	Cons. · Japanese GAAP
FYE Mar 2026	3.9	−1.2pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.74×

CAGR · 10 yrs +2.1%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.61	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.67	+9.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.73	+9.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.75	+2.2%	Cons. · Japanese GAAP
FYE Mar 2021	0.60	−19.6%	Cons. · Japanese GAAP
FYE Mar 2022	0.70	+16.2%	Cons. · Japanese GAAP
FYE Mar 2023	0.76	+8.4%	Cons. · Japanese GAAP
FYE Mar 2024	0.82	+7.6%	Cons. · Japanese GAAP
FYE Mar 2025	0.78	−3.8%	Cons. · Japanese GAAP
FYE Mar 2026	0.74	−6.2%	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 ¥53bn

CAGR · 10 yrs +6.8%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	29.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.5	+15.0%	Cons. · Japanese GAAP
FYE Mar 2019	35.6	+6.3%	Cons. · Japanese GAAP
FYE Mar 2020	40.3	+13.2%	Cons. · Japanese GAAP
FYE Mar 2021	42.6	+5.8%	Cons. · Japanese GAAP
FYE Mar 2022	15.5	−63.6%	Cons. · Japanese GAAP
FYE Mar 2023	50.2	+223.6%	Cons. · Japanese GAAP
FYE Mar 2024	67.1	+33.6%	Cons. · Japanese GAAP
FYE Mar 2025	35.0	−47.9%	Cons. · Japanese GAAP
FYE Mar 2026	52.6	+50.5%	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 -¥27bn

Average · 10 yrs -¥26bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-97.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-33.8	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-17.5	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-22.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-2.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-10.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-9.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-39.2	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-27.0	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 -¥22bn

Average · 10 yrs -¥14bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	60.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.1	−86.6%	Cons. · Japanese GAAP
FYE Mar 2019	-7.0	−186.4%	Cons. · Japanese GAAP
FYE Mar 2020	-37.4	n/a	Cons. · Japanese GAAP
FYE Mar 2021	16.8	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-64.1	−480.9%	Cons. · Japanese GAAP
FYE Mar 2023	-18.3	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-72.9	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-8.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-22.2	n/a	Cons. · Japanese GAAP

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Mar 2026 ¥67bn

CAGR · 10 yrs +2.8%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	52.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	61.2	+16.9%	Cons. · Japanese GAAP
FYE Mar 2019	70.2	+14.8%	Cons. · Japanese GAAP
FYE Mar 2020	50.6	−27.9%	Cons. · Japanese GAAP
FYE Mar 2021	108	+114.2%	Cons. · Japanese GAAP
FYE Mar 2022	59.7	−44.9%	Cons. · Japanese GAAP
FYE Mar 2023	83.3	+39.4%	Cons. · Japanese GAAP
FYE Mar 2024	71.0	−14.8%	Cons. · Japanese GAAP
FYE Mar 2025	63.1	−11.0%	Cons. · Japanese GAAP
FYE Mar 2026	67.2	+6.5%	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 ¥26bn

Average · 10 yrs ¥14bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	-67.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	18.2	n/a	Cons. · Japanese GAAP
FYE Mar 2020	18.3	+0.6%	Cons. · Japanese GAAP
FYE Mar 2021	42.1	+130.5%	Cons. · Japanese GAAP
FYE Mar 2022	13.4	−68.1%	Cons. · Japanese GAAP
FYE Mar 2023	39.6	+194.6%	Cons. · Japanese GAAP
FYE Mar 2024	58.0	+46.6%	Cons. · Japanese GAAP
FYE Mar 2025	-4.2	−107.3%	Cons. · Japanese GAAP
FYE Mar 2026	25.6	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 8.9%

Average · 10 yrs 8.7%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	8.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.3	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	8.3	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	9.9	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	11.7	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2022	3.7	−8.0pp	Cons. · Japanese GAAP
FYE Mar 2023	9.9	+6.2pp	Cons. · Japanese GAAP
FYE Mar 2024	11.9	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2025	5.9	−6.0pp	Cons. · Japanese GAAP
FYE Mar 2026	8.9	+3.0pp	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 ¥45bn

CAGR · 10 yrs +1.5%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	39.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.4	−15.2%	Cons. · Japanese GAAP
FYE Mar 2019	49.6	+48.7%	Cons. · Japanese GAAP
FYE Mar 2020	19.8	−60.2%	Cons. · Japanese GAAP
FYE Mar 2021	94.6	+378.5%	Cons. · Japanese GAAP
FYE Mar 2022	50.8	−46.3%	Cons. · Japanese GAAP
FYE Mar 2023	7.4	−85.5%	Cons. · Japanese GAAP
FYE Mar 2024	55.2	+649.4%	Cons. · Japanese GAAP
FYE Mar 2025	43.7	−20.9%	Cons. · Japanese GAAP
FYE Mar 2026	45.0	+3.0%	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 ¥416bn

Change · 10 yrs −¥229bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	645	n/a
FYE Mar 2018	675	n/a
FYE Mar 2019	576	n/a
FYE Mar 2020	560	n/a
FYE Mar 2021	805	n/a
FYE Mar 2022	538	n/a
FYE Mar 2023	488	n/a
FYE Mar 2024	460	n/a
FYE Mar 2025	381	n/a
FYE Mar 2026	416	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 2,335¥

Change · 10 yrs −31¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	2,366	n/a
FYE Mar 2018	2,477	n/a
FYE Mar 2019	2,112	n/a
FYE Mar 2020	2,055	n/a
FYE Mar 2021	2,953	n/a
FYE Mar 2022	1,972	n/a
FYE Mar 2023	1,789	n/a
FYE Mar 2024	2,184	n/a
FYE Mar 2025	2,141	n/a
FYE Mar 2026	2,335	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 177,976,280shares

Change · 10 yrs −94,646,990 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	272,623,270	Parent
FYE Mar 2018	272,623,270	Parent
FYE Mar 2019	272,623,270	Parent
FYE Mar 2020	272,623,270	Parent
FYE Mar 2021	272,623,270	Parent
FYE Mar 2022	272,623,270	Parent
FYE Mar 2023	272,623,270	Parent
FYE Mar 2024	210,421,470	Parent
FYE Mar 2025	177,976,280	Parent
FYE Mar 2026	177,976,280	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 179.65¥

Change · 10 yrs +86.49¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	93.16	Cons.
FYE Mar 2018	68.80	Cons.
FYE Mar 2019	67.68	Cons.
FYE Mar 2020	71.87	Cons.
FYE Mar 2021	77.91	Cons.
FYE Mar 2022	103.23	Cons.
FYE Mar 2023	104.61	Cons.
FYE Mar 2024	299.15	Cons.
FYE Mar 2025	202.02	Cons.
FYE Mar 2026	179.65	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 1,685.94¥

Change · 10 yrs +756.65¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	929.30	Cons. · Japanese GAAP
FYE Mar 2018	1,013.59	Cons. · Japanese GAAP
FYE Mar 2019	990.44	Cons. · Japanese GAAP
FYE Mar 2020	986.26	Cons. · Japanese GAAP
FYE Mar 2021	1,052.00	Cons. · Japanese GAAP
FYE Mar 2022	1,173.85	Cons. · Japanese GAAP
FYE Mar 2023	1,074.41	Cons. · Japanese GAAP
FYE Mar 2024	1,473.03	Cons. · Japanese GAAP
FYE Mar 2025	1,513.76	Cons. · Japanese GAAP
FYE Mar 2026	1,685.94	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 13.00×

Average · 10 yrs 22.62×

Fiscal year	PER ×	Basis
FYE Mar 2017	25.40	Cons.
FYE Mar 2018	36.00	Cons.
FYE Mar 2019	31.20	Cons.
FYE Mar 2020	28.60	Cons.
FYE Mar 2021	37.90	Cons.
FYE Mar 2022	19.10	Cons.
FYE Mar 2023	17.10	Cons.
FYE Mar 2024	7.30	Cons.
FYE Mar 2025	10.60	Cons.
FYE Mar 2026	13.00	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 1.37×

Average · 10 yrs 1.86×

Fiscal year	PBR ×	Basis
FYE Mar 2017	2.40	Cons.
FYE Mar 2018	2.31	Cons.
FYE Mar 2019	2.01	Cons.
FYE Mar 2020	1.97	Cons.
FYE Mar 2021	2.65	Cons.
FYE Mar 2022	1.58	Cons.
FYE Mar 2023	1.41	Cons.
FYE Mar 2024	1.47	Cons.
FYE Mar 2025	1.40	Cons.
FYE Mar 2026	1.37	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 16,739people

Change · 10 yrs +1,911 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	14,828	n/a	Cons.
FYE Mar 2018	15,731	+6.1%	Cons.
FYE Mar 2019	16,287	+3.5%	Cons.
FYE Mar 2020	16,459	+1.1%	Cons.
FYE Mar 2021	15,908	−3.3%	Cons.
FYE Mar 2022	15,670	−1.5%	Cons.
FYE Mar 2023	16,236	+3.6%	Cons.
FYE Mar 2024	16,844	+3.7%	Cons.
FYE Mar 2025	17,414	+3.4%	Cons.
FYE Mar 2026	16,739	−3.9%	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 1,536people

Change · 10 yrs +65 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	1,471	n/a	Parent
FYE Mar 2018	1,479	+0.5%	Parent
FYE Mar 2019	1,498	+1.3%	Parent
FYE Mar 2020	1,499	+0.1%	Parent
FYE Mar 2021	1,516	+1.1%	Parent
FYE Mar 2022	1,531	+1.0%	Parent
FYE Mar 2023	1,537	+0.4%	Parent
FYE Mar 2024	1,566	+1.9%	Parent
FYE Mar 2025	1,507	−3.8%	Parent
FYE Mar 2026	1,536	+1.9%	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 ¥8.8m

Change · 8 yrs +¥0.5m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	8.3	n/a	Parent
FYE Mar 2020	8.1	−1.8%	Parent
FYE Mar 2021	8.2	+0.5%	Parent
FYE Mar 2022	7.8	−3.9%	Parent
FYE Mar 2023	7.6	−3.1%	Parent
FYE Mar 2024	7.8	+2.5%	Parent
FYE Mar 2025	8.4	+8.5%	Parent
FYE Mar 2026	8.8	+4.0%	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 42.1years

Change · 8 yrs +0.2 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	41.9	n/a	Parent
FYE Mar 2020	42.4	+1.2%	Parent
FYE Mar 2021	43.1	+1.7%	Parent
FYE Mar 2022	43.6	+1.2%	Parent
FYE Mar 2023	43.5	−0.2%	Parent
FYE Mar 2024	43.1	−0.9%	Parent
FYE Mar 2025	42.5	−1.4%	Parent
FYE Mar 2026	42.1	−0.9%	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 18.4years

Change · 8 yrs −0.4 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	18.8	n/a	Parent
FYE Mar 2020	19.3	+2.7%	Parent
FYE Mar 2021	19.9	+3.1%	Parent
FYE Mar 2022	20.1	+1.0%	Parent
FYE Mar 2023	20.4	+1.5%	Parent
FYE Mar 2024	19.7	−3.4%	Parent
FYE Mar 2025	18.7	−5.1%	Parent
FYE Mar 2026	18.4	−1.6%	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)

Revenue per employee

FYE Mar 2026 ¥35.2m

Change · 10 yrs +¥13.0m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	22.3	n/a	Cons.
FYE Mar 2018	25.6	+14.7%	Cons.
FYE Mar 2019	26.2	+2.7%	Cons.
FYE Mar 2020	24.7	−5.8%	Cons.
FYE Mar 2021	22.9	−7.3%	Cons.
FYE Mar 2022	26.8	+16.7%	Cons.
FYE Mar 2023	31.4	+17.2%	Cons.
FYE Mar 2024	33.4	+6.5%	Cons.
FYE Mar 2025	33.8	+1.3%	Cons.
FYE Mar 2026	35.2	+4.2%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥3.0m

Change · 10 yrs +¥0.6m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.4	n/a	Cons.
FYE Mar 2018	2.3	−4.4%	Cons.
FYE Mar 2019	2.0	−12.8%	Cons.
FYE Mar 2020	1.9	−3.5%	Cons.
FYE Mar 2021	2.0	+2.5%	Cons.
FYE Mar 2022	1.9	−2.2%	Cons.
FYE Mar 2023	2.0	+2.9%	Cons.
FYE Mar 2024	3.1	+55.0%	Cons.
FYE Mar 2025	3.0	−2.4%	Cons.
FYE Mar 2026	3.0	−0.6%	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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