Financials

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

FYE Mar 2026 · Revenue¥190bnYoY +7.1%

FYE Mar 2026 · Operating profit¥29bnYoY +9.7%

FYE Mar 2026 · Net profit¥17bnYoY +3.7%

FYE Mar 2026 · Equity ratio26.7%YoY −7.2pp

FYE Mar 2026 · Group employees2,364YoY +155

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥88bn	n/a	¥6.7bn	n/a	7.6%	¥2.7bn	Sugino Kimihiko	—
FYE Mar 2018Consolidated	¥96bn	+9.3%	¥11bn	+57.7%	11.0%	¥8.4bn	Sugino Kimihiko	—
FYE Mar 2019Consolidated	¥101bn	+5.6%	¥11bn	+8.6%	11.3%	¥7.2bn	Sugino Kimihiko	—
FYE Mar 2020Consolidated	¥105bn	+3.4%	¥8.9bn	−22.4%	8.5%	¥4.8bn	Sugino Kimihiko	—
FYE Mar 2021Consolidated	¥61bn	−41.8%	-¥19bn	−317.2%	-31.6%	-¥18bn	Sugino Kimihiko	First Russian store, Moscow (closed April 2022)
FYE Mar 2022Consolidated	¥96bn	+58.2%	-¥1.7bn	n/a	-1.8%	¥3.9bn	Sugino Kimihiko	First Chinese store, Guangzhou; operating loss in the year to March 2021
FYE Mar 2023Consolidated	¥142bn	+47.3%	¥17bn	n/a	11.9%	¥9.7bn	Sugino Kimihiko	Moves to the TSE Prime Market
FYE Mar 2024Consolidated	¥159bn	+12.1%	¥25bn	+46.0%	15.5%	¥16bn	Sugino Kimihiko	Round One Japan and Round One Delicious established
FYE Mar 2025Consolidated	¥177bn	+11.2%	¥26bn	+6.2%	14.8%	¥16bn	Sugino Kimihiko	Operations transferred; the parent becomes a pure holding company
FYE Mar 2026Consolidated	¥190bn	+7.1%	¥29bn	+9.7%	15.2%	¥17bn	Sugino Kimihiko	Food business moved to the US; American revenue about 40% of the group

How it compares

Oriental Land¥705bnFY2025Operating margin 23.9%

Kyoritsu Maintenance¥275bnFY2025Operating margin 9.0%

Resorttrust¥263bnFY2025Operating margin 11.1%

Round One¥190bnFY2025Operating margin 15.2%

Daiichikosho¥163bnFY2025Operating margin 11.0%

GENDA¥112bnFY2024Operating margin 7.1%

TOKYO DOME CORPORATIONDelisted 2021

Koshidakahorudingusu¥69bnFY2025Operating margin 16.4%

Toukyoutokeiba¥42bnFY2025Operating margin 36.9%

Joban Kosan Co.,Ltd.Delisted 2025

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 ¥190bn

CAGR · 10 yrs +8.9%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	87.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	95.9	+9.3%	Cons. · Japanese GAAP
FYE Mar 2019	101	+5.6%	Cons. · Japanese GAAP
FYE Mar 2020	105	+3.4%	Cons. · Japanese GAAP
FYE Mar 2021	61.0	−41.8%	Cons. · Japanese GAAP
FYE Mar 2022	96.4	+58.2%	Cons. · Japanese GAAP
FYE Mar 2023	142	+47.3%	Cons. · Japanese GAAP
FYE Mar 2024	159	+12.1%	Cons. · Japanese GAAP
FYE Mar 2025	177	moved to IFRS	Cons. · IFRS
FYE Mar 2026	190	+7.1%	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 ¥150bn

CAGR · 10 yrs +7.4%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	78.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	83.1	+5.4%	Cons. · Japanese GAAP
FYE Mar 2019	86.9	+4.6%	Cons. · Japanese GAAP
FYE Mar 2020	92.4	+6.4%	Cons. · Japanese GAAP
FYE Mar 2021	77.2	−16.4%	Cons. · Japanese GAAP
FYE Mar 2022	94.4	+22.3%	Cons. · Japanese GAAP
FYE Mar 2023	121	+27.8%	Cons. · Japanese GAAP
FYE Mar 2024	128	+6.4%	Cons. · Japanese GAAP
FYE Mar 2025	142	moved to IFRS	Cons. · IFRS
FYE Mar 2026	150	+5.5%	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 ¥40bn

CAGR · 10 yrs +18.0%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	8.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.8	+43.7%	Cons. · Japanese GAAP
FYE Mar 2019	14.5	+12.6%	Cons. · Japanese GAAP
FYE Mar 2020	12.4	−14.4%	Cons. · Japanese GAAP
FYE Mar 2021	-16.2	−231.2%	Cons. · Japanese GAAP
FYE Mar 2022	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	21.4	+958.7%	Cons. · Japanese GAAP
FYE Mar 2024	30.8	+44.2%	Cons. · Japanese GAAP
FYE Mar 2025	35.1	moved to IFRS	Cons. · IFRS
FYE Mar 2026	39.7	+13.4%	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 ¥10bn

CAGR · 10 yrs +18.3%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	2.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.3	+2.3%	Cons. · Japanese GAAP
FYE Mar 2019	3.0	+30.9%	Cons. · Japanese GAAP
FYE Mar 2020	3.5	+15.9%	Cons. · Japanese GAAP
FYE Mar 2021	3.0	−13.0%	Cons. · Japanese GAAP
FYE Mar 2022	3.7	+23.0%	Cons. · Japanese GAAP
FYE Mar 2023	4.4	+18.6%	Cons. · Japanese GAAP
FYE Mar 2024	5.6	+26.2%	Cons. · Japanese GAAP
FYE Mar 2025	7.0	moved to IFRS	Cons. · IFRS
FYE Mar 2026	10.2	+46.7%	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 ¥29bn

CAGR · 10 yrs +17.6%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	6.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.5	+57.7%	Cons. · Japanese GAAP
FYE Mar 2019	11.4	+8.6%	Cons. · Japanese GAAP
FYE Mar 2020	8.9	−22.4%	Cons. · Japanese GAAP
FYE Mar 2021	-19.3	−317.2%	Cons. · Japanese GAAP
FYE Mar 2022	-1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	16.9	n/a	Cons. · Japanese GAAP
FYE Mar 2024	24.7	+46.0%	Cons. · Japanese GAAP
FYE Mar 2025	26.2	moved to IFRS	Cons. · IFRS
FYE Mar 2026	28.8	+9.7%	Cons. · IFRS

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

Non-operating income

FYE Mar 2026 ¥0.8bn

CAGR · 10 yrs +14.4%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.3	+15.4%	Cons. · Japanese GAAP
FYE Mar 2019	0.3	+17.8%	Cons. · Japanese GAAP
FYE Mar 2020	0.4	+24.2%	Cons. · Japanese GAAP
FYE Mar 2021	0.8	+106.3%	Cons. · Japanese GAAP
FYE Mar 2022	8.5	+942.5%	Cons. · Japanese GAAP
FYE Mar 2023	0.8	−90.6%	Cons. · Japanese GAAP
FYE Mar 2024	0.1	−93.7%	Cons. · Japanese GAAP
FYE Mar 2025	0.2	moved to IFRS	Cons. · IFRS
FYE Mar 2026	0.8	+359.1%	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 ¥4.5bn

CAGR · 10 yrs +17.6%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.5	−49.0%	Cons. · Japanese GAAP
FYE Mar 2019	0.5	+0.2%	Cons. · Japanese GAAP
FYE Mar 2020	0.6	+2.2%	Cons. · Japanese GAAP
FYE Mar 2021	1.3	+142.3%	Cons. · Japanese GAAP
FYE Mar 2022	1.4	+5.1%	Cons. · Japanese GAAP
FYE Mar 2023	1.0	−27.0%	Cons. · Japanese GAAP
FYE Mar 2024	3.3	+218.0%	Cons. · Japanese GAAP
FYE Mar 2025	3.7	moved to IFRS	Cons. · IFRS
FYE Mar 2026	4.5	+23.2%	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 · 8 yrs +22.5%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	5.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.3	+75.3%	Cons. · Japanese GAAP
FYE Mar 2019	11.2	+9.3%	Cons. · Japanese GAAP
FYE Mar 2020	8.7	−22.3%	Cons. · Japanese GAAP
FYE Mar 2021	-19.8	−327.2%	Cons. · Japanese GAAP
FYE Mar 2022	5.4	n/a	Cons. · Japanese GAAP
FYE Mar 2023	16.7	+211.4%	Cons. · Japanese GAAP
FYE Mar 2024	24.3	+45.7%	Cons. · Japanese GAAP
FYE Mar 2025	n/a	moved to IFRS	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)

Extraordinary income

FYE Mar 2026 n/a

CAGR · 5 yrs +63.6%

Fiscal year	Extraordinary income ¥ m	YoY	Basis
FYE Mar 2017	124	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2021	3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	912	+30300.0%	Cons. · Japanese GAAP
FYE Mar 2023	84.0	−90.8%	Cons. · Japanese GAAP
FYE Mar 2024	889	+958.3%	Cons. · Japanese GAAP
FYE Mar 2025	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

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 ¥17bn

CAGR · 10 yrs +22.2%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	2.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.4	+207.5%	Cons. · Japanese GAAP
FYE Mar 2019	7.2	−14.9%	Cons. · Japanese GAAP
FYE Mar 2020	4.8	−33.0%	Cons. · Japanese GAAP
FYE Mar 2021	-18.0	−474.9%	Cons. · Japanese GAAP
FYE Mar 2022	3.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	9.7	+147.3%	Cons. · Japanese GAAP
FYE Mar 2024	15.7	+60.9%	Cons. · Japanese GAAP
FYE Mar 2025	16.0	moved to IFRS	Cons. · IFRS
FYE Mar 2026	16.6	+3.7%	Cons. · IFRS

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

Gross margin

FYE Mar 2026 21.0%

Average · 10 yrs 10.0%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	10.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.4	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2019	14.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	11.8	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2021	-26.6	−38.5pp	Cons. · Japanese GAAP
FYE Mar 2022	2.1	+28.7pp	Cons. · Japanese GAAP
FYE Mar 2023	15.0	+12.9pp	Cons. · Japanese GAAP
FYE Mar 2024	19.4	+4.3pp	Cons. · Japanese GAAP
FYE Mar 2025	19.8	moved to IFRS	Cons. · IFRS
FYE Mar 2026	21.0	+1.2pp	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 15.2%

Average · 10 yrs 6.2%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	7.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.0	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2019	11.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	8.5	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2021	-31.6	−40.1pp	Cons. · Japanese GAAP
FYE Mar 2022	-1.8	+29.8pp	Cons. · Japanese GAAP
FYE Mar 2023	11.9	+13.7pp	Cons. · Japanese GAAP
FYE Mar 2024	15.5	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2025	14.8	moved to IFRS	Cons. · IFRS
FYE Mar 2026	15.2	+0.4pp	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 · 8 yrs 4.6%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	6.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.7	+4.0pp	Cons. · Japanese GAAP
FYE Mar 2019	11.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	8.3	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2021	-32.5	−40.8pp	Cons. · Japanese GAAP
FYE Mar 2022	5.6	+38.1pp	Cons. · Japanese GAAP
FYE Mar 2023	11.7	+6.2pp	Cons. · Japanese GAAP
FYE Mar 2024	15.3	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2025	n/a	moved to IFRS	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 8.8%

Average · 10 yrs 3.3%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	3.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.8	+5.7pp	Cons. · Japanese GAAP
FYE Mar 2019	7.1	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	4.6	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2021	-29.5	−34.1pp	Cons. · Japanese GAAP
FYE Mar 2022	4.1	+33.6pp	Cons. · Japanese GAAP
FYE Mar 2023	6.9	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2024	9.8	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2025	9.1	moved to IFRS	Cons. · IFRS
FYE Mar 2026	8.8	−0.3pp	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 79.0%

Average · 10 yrs 90.0%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	89.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	86.6	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2019	85.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	88.2	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2021	126.6	+38.5pp	Cons. · Japanese GAAP
FYE Mar 2022	97.9	−28.7pp	Cons. · Japanese GAAP
FYE Mar 2023	85.0	−12.9pp	Cons. · Japanese GAAP
FYE Mar 2024	80.6	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2025	80.2	moved to IFRS	Cons. · IFRS
FYE Mar 2026	79.0	−1.2pp	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 5.4%

Average · 10 yrs 3.6%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	2.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.4	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	3.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	3.3	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	5.0	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2022	3.9	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	3.1	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	3.5	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	3.9	moved to IFRS	Cons. · IFRS
FYE Mar 2026	5.4	+1.5pp	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 ¥310bn

CAGR · 10 yrs +13.2%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	102	n/a	Cons. · Japanese GAAP
FYE Mar 2018	107	+4.9%	Cons. · Japanese GAAP
FYE Mar 2019	117	+10.0%	Cons. · Japanese GAAP
FYE Mar 2020	136	+15.8%	Cons. · Japanese GAAP
FYE Mar 2021	151	+10.8%	Cons. · Japanese GAAP
FYE Mar 2022	158	+4.7%	Cons. · Japanese GAAP
FYE Mar 2023	171	+8.2%	Cons. · Japanese GAAP
FYE Mar 2024	185	+8.7%	Cons. · Japanese GAAP
FYE Mar 2025	214	moved to IFRS	Cons. · IFRS
FYE Mar 2026	310	+45.0%	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 ¥83bn

CAGR · 10 yrs +5.5%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	50.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	56.7	+11.5%	Cons. · Japanese GAAP
FYE Mar 2019	62.6	+10.4%	Cons. · Japanese GAAP
FYE Mar 2020	65.1	+4.1%	Cons. · Japanese GAAP
FYE Mar 2021	40.9	−37.2%	Cons. · Japanese GAAP
FYE Mar 2022	54.6	+33.5%	Cons. · Japanese GAAP
FYE Mar 2023	61.2	+12.0%	Cons. · Japanese GAAP
FYE Mar 2024	70.5	+15.3%	Cons. · Japanese GAAP
FYE Mar 2025	72.4	moved to IFRS	Cons. · IFRS
FYE Mar 2026	82.6	+14.2%	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 ¥49bn

CAGR · 10 yrs +18.6%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	10.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.3	−21.3%	Cons. · Japanese GAAP
FYE Mar 2019	8.1	−2.5%	Cons. · Japanese GAAP
FYE Mar 2020	17.3	+113.6%	Cons. · Japanese GAAP
FYE Mar 2021	58.3	+236.1%	Cons. · Japanese GAAP
FYE Mar 2022	42.0	−28.0%	Cons. · Japanese GAAP
FYE Mar 2023	16.5	−60.7%	Cons. · Japanese GAAP
FYE Mar 2024	22.2	+34.8%	Cons. · Japanese GAAP
FYE Mar 2025	40.7	moved to IFRS	Cons. · IFRS
FYE Mar 2026	49.1	+20.7%	Cons. · IFRS

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

Short-term borrowings

FYE Mar 2026 ¥11bn

CAGR · 10 yrs +36.0%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.9	+35.7%	Cons. · Japanese GAAP
FYE Mar 2019	1.4	+56.6%	Cons. · Japanese GAAP
FYE Mar 2020	1.6	+8.3%	Cons. · Japanese GAAP
FYE Mar 2021	0.7	−55.2%	Cons. · Japanese GAAP
FYE Mar 2022	0.7	−0.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.8	+14.3%	Cons. · Japanese GAAP
FYE Mar 2024	0.7	−12.5%	Cons. · Japanese GAAP
FYE Mar 2025	12.9	moved to IFRS	Cons. · IFRS
FYE Mar 2026	10.8	−16.3%	Cons. · IFRS

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 ¥38bn

CAGR · 10 yrs +16.2%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	9.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.4	−25.2%	Cons. · Japanese GAAP
FYE Mar 2019	6.7	−9.9%	Cons. · Japanese GAAP
FYE Mar 2020	15.8	+136.3%	Cons. · Japanese GAAP
FYE Mar 2021	57.6	+264.9%	Cons. · Japanese GAAP
FYE Mar 2022	41.3	−28.3%	Cons. · Japanese GAAP
FYE Mar 2023	15.7	−62.0%	Cons. · Japanese GAAP
FYE Mar 2024	14.9	−5.4%	Cons. · Japanese GAAP
FYE Mar 2025	27.8	moved to IFRS	Cons. · IFRS
FYE Mar 2026	38.3	+37.9%	Cons. · IFRS

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 ¥1.2bn

CAGR · 10 yrs +23.4%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.2	+19.0%	Cons. · Japanese GAAP
FYE Mar 2019	0.7	+223.9%	Cons. · Japanese GAAP
FYE Mar 2020	0.7	+6.8%	Cons. · Japanese GAAP
FYE Mar 2021	0.8	+8.4%	Cons. · Japanese GAAP
FYE Mar 2022	0.8	+2.1%	Cons. · Japanese GAAP
FYE Mar 2023	0.8	−6.5%	Cons. · Japanese GAAP
FYE Mar 2024	0.9	+13.1%	Cons. · Japanese GAAP
FYE Mar 2025	0.9	moved to IFRS	Cons. · IFRS
FYE Mar 2026	1.2	+28.3%	Cons. · IFRS

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

Equity ratio

FYE Mar 2026 26.7%

Average · 10 yrs 40.1%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	50.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	53.2	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2019	53.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	48.0	−5.4pp	Cons. · Japanese GAAP
FYE Mar 2021	27.2	−20.8pp	Cons. · Japanese GAAP
FYE Mar 2022	34.6	+7.5pp	Cons. · Japanese GAAP
FYE Mar 2023	35.9	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	38.0	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2025	33.9	moved to IFRS	Cons. · IFRS
FYE Mar 2026	26.7	−7.2pp	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 59.4%

Average · 10 yrs 46.9%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	20.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.7	−6.1pp	Cons. · Japanese GAAP
FYE Mar 2019	13.0	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	26.6	+13.7pp	Cons. · Japanese GAAP
FYE Mar 2021	142.5	+115.9pp	Cons. · Japanese GAAP
FYE Mar 2022	76.9	−65.6pp	Cons. · Japanese GAAP
FYE Mar 2023	27.0	−49.9pp	Cons. · Japanese GAAP
FYE Mar 2024	31.5	+4.6pp	Cons. · Japanese GAAP
FYE Mar 2025	56.2	moved to IFRS	Cons. · IFRS
FYE Mar 2026	59.4	+3.2pp	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 20.1%

Average · 10 yrs 8.3%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	5.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.8	+9.5pp	Cons. · Japanese GAAP
FYE Mar 2019	11.4	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2020	7.4	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2021	-44.0	−51.3pp	Cons. · Japanese GAAP
FYE Mar 2022	7.2	+51.2pp	Cons. · Japanese GAAP
FYE Mar 2023	15.9	+8.7pp	Cons. · Japanese GAAP
FYE Mar 2024	22.2	+6.3pp	Cons. · Japanese GAAP
FYE Mar 2025	22.2	moved to IFRS	Cons. · IFRS
FYE Mar 2026	20.1	−2.0pp	Cons. · IFRS

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

ROA return on assets

FYE Mar 2026 5.4%

Average · 10 yrs 3.8%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	2.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.9	+5.2pp	Cons. · Japanese GAAP
FYE Mar 2019	6.1	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2020	3.5	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2021	-11.9	−15.5pp	Cons. · Japanese GAAP
FYE Mar 2022	2.5	+14.4pp	Cons. · Japanese GAAP
FYE Mar 2023	5.7	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2024	8.4	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2025	7.5	moved to IFRS	Cons. · IFRS
FYE Mar 2026	5.4	−2.1pp	Cons. · IFRS

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

Asset turnover

FYE Mar 2026 0.61×

CAGR · 10 yrs −3.8%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.86	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.90	+4.2%	Cons. · Japanese GAAP
FYE Mar 2019	0.86	−4.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.77	−10.7%	Cons. · Japanese GAAP
FYE Mar 2021	0.40	−47.5%	Cons. · Japanese GAAP
FYE Mar 2022	0.61	+51.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.83	+36.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.86	+3.1%	Cons. · Japanese GAAP
FYE Mar 2025	0.83	moved to IFRS	Cons. · IFRS
FYE Mar 2026	0.61	−26.2%	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 ¥60bn

CAGR · 10 yrs +15.0%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	17.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	24.2	+40.6%	Cons. · Japanese GAAP
FYE Mar 2019	20.9	−13.8%	Cons. · Japanese GAAP
FYE Mar 2020	20.6	−1.4%	Cons. · Japanese GAAP
FYE Mar 2021	-7.5	−136.6%	Cons. · Japanese GAAP
FYE Mar 2022	28.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	35.8	+26.6%	Cons. · Japanese GAAP
FYE Mar 2024	44.6	+24.6%	Cons. · Japanese GAAP
FYE Mar 2025	45.5	moved to IFRS	Cons. · IFRS
FYE Mar 2026	60.5	+33.0%	Cons. · IFRS

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

Investing cash flow

FYE Mar 2026 -¥31bn

Average · 10 yrs -¥13bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-3.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-7.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-10.8	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-12.1	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-6.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-8.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-11.9	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-15.4	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-23.4	moved to IFRS	Cons. · IFRS
FYE Mar 2026	-31.2	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 -¥26bn

Average · 10 yrs -¥13bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-17.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-13.3	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-11.2	n/a	Cons. · Japanese GAAP
FYE Mar 2020	3.6	n/a	Cons. · Japanese GAAP
FYE Mar 2021	24.1	+564.3%	Cons. · Japanese GAAP
FYE Mar 2022	-19.3	−180.1%	Cons. · Japanese GAAP
FYE Mar 2023	-42.1	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-22.9	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-7.2	moved to IFRS	Cons. · IFRS
FYE Mar 2026	-26.1	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 ¥55bn

CAGR · 10 yrs +11.8%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	20.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.4	+16.1%	Cons. · Japanese GAAP
FYE Mar 2019	22.5	−3.9%	Cons. · Japanese GAAP
FYE Mar 2020	34.5	+53.2%	Cons. · Japanese GAAP
FYE Mar 2021	44.9	+29.9%	Cons. · Japanese GAAP
FYE Mar 2022	46.3	+3.3%	Cons. · Japanese GAAP
FYE Mar 2023	29.1	−37.2%	Cons. · Japanese GAAP
FYE Mar 2024	36.5	+25.3%	Cons. · Japanese GAAP
FYE Mar 2025	51.2	moved to IFRS	Cons. · IFRS
FYE Mar 2026	55.0	+7.4%	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 ¥29bn

CAGR · 10 yrs +8.8%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	13.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.8	+22.4%	Cons. · Japanese GAAP
FYE Mar 2019	10.1	−39.8%	Cons. · Japanese GAAP
FYE Mar 2020	8.5	−16.0%	Cons. · Japanese GAAP
FYE Mar 2021	-13.9	−263.6%	Cons. · Japanese GAAP
FYE Mar 2022	19.8	n/a	Cons. · Japanese GAAP
FYE Mar 2023	23.9	+20.6%	Cons. · Japanese GAAP
FYE Mar 2024	29.3	+22.4%	Cons. · Japanese GAAP
FYE Mar 2025	22.1	moved to IFRS	Cons. · IFRS
FYE Mar 2026	29.2	+32.2%	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 31.9%

Average · 10 yrs 21.3%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	19.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.2	+5.6pp	Cons. · Japanese GAAP
FYE Mar 2019	20.6	−4.6pp	Cons. · Japanese GAAP
FYE Mar 2020	19.6	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	-12.3	−32.0pp	Cons. · Japanese GAAP
FYE Mar 2022	29.4	+41.7pp	Cons. · Japanese GAAP
FYE Mar 2023	25.2	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2024	28.0	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2025	25.7	moved to IFRS	Cons. · IFRS
FYE Mar 2026	31.9	+6.2pp	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 ¥5.8bn

CAGR · 10 yrs −5.4%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.1	+57.2%	Cons. · Japanese GAAP
FYE Mar 2019	14.4	−4.7%	Cons. · Japanese GAAP
FYE Mar 2020	17.2	+19.2%	Cons. · Japanese GAAP
FYE Mar 2021	-13.4	−178.1%	Cons. · Japanese GAAP
FYE Mar 2022	4.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	12.6	+190.7%	Cons. · Japanese GAAP
FYE Mar 2024	14.2	+12.8%	Cons. · Japanese GAAP
FYE Mar 2025	10.5	moved to IFRS	Cons. · IFRS
FYE Mar 2026	5.8	−44.2%	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 ¥236bn

Change · 9 yrs +¥152bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	84.5	n/a
FYE Mar 2018	161	n/a
FYE Mar 2019	134	n/a
FYE Mar 2020	53.7	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	129	n/a
FYE Mar 2023	147	n/a
FYE Mar 2024	227	n/a
FYE Mar 2025	284	n/a
FYE Mar 2026	236	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 818¥

Change · 9 yrs −67¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	885	n/a
FYE Mar 2018	1,684	n/a
FYE Mar 2019	1,401	n/a
FYE Mar 2020	562	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	1,350	n/a
FYE Mar 2023	511	n/a
FYE Mar 2024	787	n/a
FYE Mar 2025	985	n/a
FYE Mar 2026	818	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 289,161,942shares

Change · 10 yrs +193,709,028 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	95,452,914	Parent
FYE Mar 2018	95,452,914	Parent
FYE Mar 2019	95,452,914	Parent
FYE Mar 2020	95,452,914	Parent
FYE Mar 2021	95,452,914	Parent
FYE Mar 2022	95,452,914	Parent
FYE Mar 2023	287,358,642	Parent
FYE Mar 2024	287,780,142	Parent
FYE Mar 2025	288,477,042	Parent
FYE Mar 2026	289,161,942	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 63.30¥

Change · 10 yrs +34.59¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	28.71	Cons.
FYE Mar 2018	88.29	Cons.
FYE Mar 2019	25.05	Cons.
FYE Mar 2020	16.78	Cons.
FYE Mar 2021	-67.40	Cons.
FYE Mar 2022	14.00	Cons.
FYE Mar 2023	34.03	Cons.
FYE Mar 2024	54.28	Cons.
FYE Mar 2025	57.38	Cons.
FYE Mar 2026	63.30	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 285.77¥

Change · 10 yrs −247.18¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	532.95	Cons. · Japanese GAAP
FYE Mar 2018	594.22	Cons. · Japanese GAAP
FYE Mar 2019	655.86	Cons. · Japanese GAAP
FYE Mar 2020	682.44	Cons. · Japanese GAAP
FYE Mar 2021	428.40	Cons. · Japanese GAAP
FYE Mar 2022	572.04	Cons. · Japanese GAAP
FYE Mar 2023	212.90	Cons. · Japanese GAAP
FYE Mar 2024	245.11	Cons. · Japanese GAAP
FYE Mar 2025	250.81	Cons. · IFRS
FYE Mar 2026	285.77	Cons. · IFRS

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

PER price-to-earnings ratio

FYE Mar 2026 12.92×

Average · 9 yrs 19.05×

Fiscal year	PER ×	Basis
FYE Mar 2017	30.83	Cons.
FYE Mar 2018	19.07	Cons.
FYE Mar 2019	18.64	Cons.
FYE Mar 2020	11.17	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	32.15	Cons.
FYE Mar 2023	15.02	Cons.
FYE Mar 2024	14.50	Cons.
FYE Mar 2025	17.17	Cons.
FYE Mar 2026	12.92	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 2.62×

Average · 9 yrs 2.45×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.66	Cons.
FYE Mar 2018	2.83	Cons.
FYE Mar 2019	2.14	Cons.
FYE Mar 2020	0.82	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	2.37	Cons.
FYE Mar 2023	2.51	Cons.
FYE Mar 2024	3.25	Cons.
FYE Mar 2025	3.88	Cons.
FYE Mar 2026	2.62	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 2,364people

Change · 10 yrs +292 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	2,072	n/a	Cons.
FYE Mar 2018	2,469	+19.2%	Cons.
FYE Mar 2019	1,548	−37.3%	Cons.
FYE Mar 2020	1,794	+15.9%	Cons.
FYE Mar 2021	1,772	−1.2%	Cons.
FYE Mar 2022	2,105	+18.8%	Cons.
FYE Mar 2023	2,062	−2.0%	Cons.
FYE Mar 2024	2,108	+2.2%	Cons.
FYE Mar 2025	2,209	+4.8%	Cons.
FYE Mar 2026	2,364	+7.0%	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 35people

Change · 10 yrs −1,210 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	1,245	n/a	Parent
FYE Mar 2018	1,261	+1.3%	Parent
FYE Mar 2019	1,249	−1.0%	Parent
FYE Mar 2020	1,246	−0.2%	Parent
FYE Mar 2021	1,265	+1.5%	Parent
FYE Mar 2022	1,287	+1.7%	Parent
FYE Mar 2023	1,284	−0.2%	Parent
FYE Mar 2024	1,282	−0.2%	Parent
FYE Mar 2025	35	−97.3%	Parent
FYE Mar 2026	35	−0.0%	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 764万円

Change · 8 yrs +213万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	551	n/a	Parent
FYE Mar 2020	558	+1.3%	Parent
FYE Mar 2021	553	−1.0%	Parent
FYE Mar 2022	558	+1.0%	Parent
FYE Mar 2023	594	+6.4%	Parent
FYE Mar 2024	597	+0.5%	Parent
FYE Mar 2025	678	+13.5%	Parent
FYE Mar 2026	764	+12.7%	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 36.0years

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	35.3	n/a	Parent
FYE Mar 2020	35.3	−0.0%	Parent
FYE Mar 2021	35.8	+1.4%	Parent
FYE Mar 2022	36.3	+1.4%	Parent
FYE Mar 2023	36.9	+1.7%	Parent
FYE Mar 2024	36.7	−0.5%	Parent
FYE Mar 2025	35.2	−4.1%	Parent
FYE Mar 2026	36.0	+2.3%	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 10.0years

Change · 8 yrs −0.0 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	10.0	n/a	Parent
FYE Mar 2020	10.0	−0.0%	Parent
FYE Mar 2021	11.0	+10.0%	Parent
FYE Mar 2022	12.0	+9.1%	Parent
FYE Mar 2023	12.0	−0.0%	Parent
FYE Mar 2024	12.0	−0.0%	Parent
FYE Mar 2025	11.0	−8.3%	Parent
FYE Mar 2026	10.0	−9.1%	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 5,449people

Change · 10 yrs +348 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	5,101	n/a	n/a
FYE Mar 2018	4,882	−4.3%	n/a
FYE Mar 2019	5,365	+9.9%	n/a
FYE Mar 2020	5,090	−5.1%	n/a
FYE Mar 2021	4,496	−11.7%	n/a
FYE Mar 2022	5,033	+11.9%	n/a
FYE Mar 2023	5,718	+13.6%	n/a
FYE Mar 2024	6,012	+5.1%	n/a
FYE Mar 2025	5,765	−4.1%	n/a
FYE Mar 2026	5,449	−5.5%	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 ¥80.2m

Change · 10 yrs +¥37.8m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	42.4	n/a	Cons.
FYE Mar 2018	38.8	−8.3%	Cons.
FYE Mar 2019	65.5	+68.5%	Cons.
FYE Mar 2020	58.4	−10.8%	Cons.
FYE Mar 2021	34.4	−41.1%	Cons.
FYE Mar 2022	45.8	+33.1%	Cons.
FYE Mar 2023	68.9	+50.4%	Cons.
FYE Mar 2024	75.5	+9.6%	Cons.
FYE Mar 2025	80.2	n/a	Cons.
FYE Mar 2026	80.2	−0.0%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥12.2m

Change · 10 yrs +¥8.9m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	3.2	n/a	Cons.
FYE Mar 2018	4.3	+32.4%	Cons.
FYE Mar 2019	7.4	+73.2%	Cons.
FYE Mar 2020	4.9	−33.0%	Cons.
FYE Mar 2021	-10.9	−319.9%	Cons.
FYE Mar 2022	-0.8	n/a	Cons.
FYE Mar 2023	8.2	n/a	Cons.
FYE Mar 2024	11.7	+42.8%	Cons.
FYE Mar 2025	11.9	n/a	Cons.
FYE Mar 2026	12.2	+2.5%	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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