Financials

USS: FYE Mar 2026 and ten years of results (51 metrics)

FYE Mar 2026 · Revenue¥114bnYoY +9.5%

FYE Mar 2026 · Operating profit¥60bnYoY +10.4%

FYE Mar 2026 · Net profit¥41bnYoY +9.9%

FYE Mar 2026 · Equity ratio76.8%YoY +0.4pp

FYE Mar 2026 · Group employees1,211YoY +36

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥67bn	n/a	¥32bn	n/a	48.2%	¥23bn	Ando Yukihiro	—
FYE Mar 2018Consolidated	¥75bn	+11.9%	¥36bn	+11.3%	48.0%	¥24bn	Ando Yukihiro	Acquires 66.0% of JAA; twelve lanes at USS Tokyo
FYE Mar 2019Consolidated	¥80bn	+6.3%	¥37bn	+2.9%	46.5%	¥26bn	Ando Yukihiro	JAA becomes a wholly owned subsidiary
FYE Mar 2020Consolidated	¥78bn	−2.2%	¥36bn	−3.0%	46.1%	¥21bn	Ando Yukihiro	Ando becomes chairman and CEO; <a class="en-history_person" href="/tse/4732/executives/ceo/seta-dai/" hreflang="ja">Seta Dai</a> becomes president and COO
FYE Mar 2021Consolidated	¥75bn	−4.2%	¥36bn	+0.6%	48.4%	¥4.0bn	Seta Dai	—
FYE Mar 2022Consolidated	¥81bn	+8.8%	¥42bn	+14.8%	51.0%	¥30bn	Seta Dai	<span class="en-history_money" data-yen="18800000000" data-year="2021">$171.3M (¥19bn)</span> impairment at HAA Kobe
FYE Mar 2023Consolidated	¥89bn	+9.0%	¥44bn	+5.3%	49.3%	¥30bn	Seta Dai	—
FYE Mar 2024Consolidated	¥98bn	+9.9%	¥49bn	+11.8%	50.1%	¥33bn	Seta Dai	—
FYE Mar 2025Consolidated	¥104bn	+6.6%	¥54bn	+10.8%	52.1%	¥38bn	Seta Dai	Sixteen simultaneous lanes at USS Tokyo
FYE Mar 2026Consolidated	¥114bn	+9.5%	¥60bn	+10.4%	52.6%	¥41bn	Seta Dai	—

How it compares

Nextage¥652bnFY2025Operating margin 3.0%IDOM¥563bnFY2025Operating margin 3.6%

USS¥114bnFY2025Operating margin 52.6%

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 ¥114bn

CAGR · 10 yrs +6.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	67.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	75.2	+11.9%	Cons. · Japanese GAAP
FYE Mar 2019	79.9	+6.3%	Cons. · Japanese GAAP
FYE Mar 2020	78.1	−2.2%	Cons. · Japanese GAAP
FYE Mar 2021	74.9	−4.2%	Cons. · Japanese GAAP
FYE Mar 2022	81.5	+8.8%	Cons. · Japanese GAAP
FYE Mar 2023	88.8	+9.0%	Cons. · Japanese GAAP
FYE Mar 2024	97.6	+9.9%	Cons. · Japanese GAAP
FYE Mar 2025	104	+6.6%	Cons. · Japanese GAAP
FYE Mar 2026	114	+9.5%	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 ¥42bn

CAGR · 10 yrs +5.4%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	26.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.2	+10.5%	Cons. · Japanese GAAP
FYE Mar 2019	31.4	+7.6%	Cons. · Japanese GAAP
FYE Mar 2020	31.0	−1.4%	Cons. · Japanese GAAP
FYE Mar 2021	28.3	−8.4%	Cons. · Japanese GAAP
FYE Mar 2022	30.7	+8.4%	Cons. · Japanese GAAP
FYE Mar 2023	35.1	+14.4%	Cons. · Japanese GAAP
FYE Mar 2024	38.6	+9.8%	Cons. · Japanese GAAP
FYE Mar 2025	39.2	+1.6%	Cons. · Japanese GAAP
FYE Mar 2026	42.4	+8.2%	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 ¥71bn

CAGR · 10 yrs +6.4%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	40.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	46.0	+12.8%	Cons. · Japanese GAAP
FYE Mar 2019	48.5	+5.5%	Cons. · Japanese GAAP
FYE Mar 2020	47.2	−2.7%	Cons. · Japanese GAAP
FYE Mar 2021	46.5	−1.4%	Cons. · Japanese GAAP
FYE Mar 2022	50.8	+9.1%	Cons. · Japanese GAAP
FYE Mar 2023	53.6	+5.7%	Cons. · Japanese GAAP
FYE Mar 2024	59.0	+10.1%	Cons. · Japanese GAAP
FYE Mar 2025	64.8	+9.8%	Cons. · Japanese GAAP
FYE Mar 2026	71.5	+10.2%	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 ¥12bn

CAGR · 10 yrs +3.7%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	8.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.9	+18.4%	Cons. · Japanese GAAP
FYE Mar 2019	11.4	+15.0%	Cons. · Japanese GAAP
FYE Mar 2020	11.2	−1.9%	Cons. · Japanese GAAP
FYE Mar 2021	10.3	−7.8%	Cons. · Japanese GAAP
FYE Mar 2022	9.2	−10.8%	Cons. · Japanese GAAP
FYE Mar 2023	9.9	+7.3%	Cons. · Japanese GAAP
FYE Mar 2024	10.1	+2.4%	Cons. · Japanese GAAP
FYE Mar 2025	10.6	+5.1%	Cons. · Japanese GAAP
FYE Mar 2026	11.6	+9.3%	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 ¥60bn

CAGR · 10 yrs +7.1%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	32.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.1	+11.3%	Cons. · Japanese GAAP
FYE Mar 2019	37.1	+2.9%	Cons. · Japanese GAAP
FYE Mar 2020	36.0	−3.0%	Cons. · Japanese GAAP
FYE Mar 2021	36.2	+0.6%	Cons. · Japanese GAAP
FYE Mar 2022	41.6	+14.8%	Cons. · Japanese GAAP
FYE Mar 2023	43.8	+5.3%	Cons. · Japanese GAAP
FYE Mar 2024	48.9	+11.8%	Cons. · Japanese GAAP
FYE Mar 2025	54.2	+10.8%	Cons. · Japanese GAAP
FYE Mar 2026	59.8	+10.4%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥933m

CAGR · 10 yrs +3.6%

Fiscal year	Non-operating income ¥ m	YoY	Basis
FYE Mar 2017	680	n/a	Cons. · Japanese GAAP
FYE Mar 2018	681	+0.1%	Cons. · Japanese GAAP
FYE Mar 2019	990	+45.4%	Cons. · Japanese GAAP
FYE Mar 2020	866	−12.5%	Cons. · Japanese GAAP
FYE Mar 2021	950	+9.7%	Cons. · Japanese GAAP
FYE Mar 2022	984	+3.6%	Cons. · Japanese GAAP
FYE Mar 2023	915	−7.0%	Cons. · Japanese GAAP
FYE Mar 2024	922	+0.8%	Cons. · Japanese GAAP
FYE Mar 2025	881	−4.4%	Cons. · Japanese GAAP
FYE Mar 2026	933	+5.9%	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 ¥191m

CAGR · 10 yrs +10.6%

Fiscal year	Non-operating expenses ¥ m	YoY	Basis
FYE Mar 2017	77.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	76.0	−1.3%	Cons. · Japanese GAAP
FYE Mar 2019	74.0	−2.6%	Cons. · Japanese GAAP
FYE Mar 2020	165	+123.0%	Cons. · Japanese GAAP
FYE Mar 2021	181	+9.7%	Cons. · Japanese GAAP
FYE Mar 2022	185	+2.2%	Cons. · Japanese GAAP
FYE Mar 2023	201	+8.6%	Cons. · Japanese GAAP
FYE Mar 2024	205	+2.0%	Cons. · Japanese GAAP
FYE Mar 2025	204	−0.5%	Cons. · Japanese GAAP
FYE Mar 2026	191	−6.4%	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 ¥61bn

CAGR · 10 yrs +7.0%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	33.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.7	+11.1%	Cons. · Japanese GAAP
FYE Mar 2019	38.0	+3.7%	Cons. · Japanese GAAP
FYE Mar 2020	36.7	−3.5%	Cons. · Japanese GAAP
FYE Mar 2021	37.0	+0.8%	Cons. · Japanese GAAP
FYE Mar 2022	42.4	+14.5%	Cons. · Japanese GAAP
FYE Mar 2023	44.5	+5.0%	Cons. · Japanese GAAP
FYE Mar 2024	49.7	+11.6%	Cons. · Japanese GAAP
FYE Mar 2025	54.9	+10.5%	Cons. · Japanese GAAP
FYE Mar 2026	60.6	+10.4%	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 ¥0.5bn

CAGR · 10 yrs +13.9%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.1	−29.2%	Cons. · Japanese GAAP
FYE Mar 2019	0.5	+333.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.0	−91.9%	Cons. · Japanese GAAP
FYE Mar 2021	0.1	+50.0%	Cons. · Japanese GAAP
FYE Mar 2022	1.7	+2794.7%	Cons. · Japanese GAAP
FYE Mar 2023	0.1	−95.6%	Cons. · Japanese GAAP
FYE Mar 2024	0.1	+2.8%	Cons. · Japanese GAAP
FYE Mar 2025	0.3	+340.5%	Cons. · Japanese GAAP
FYE Mar 2026	0.5	+52.5%	Cons. · Japanese GAAP

Definition: One-off gains, such as an asset sale
Formula: Extraordinary income line of the income statement
Source: Securities report (XBRL)

Extraordinary loss

FYE Mar 2026 ¥0.5bn

CAGR · 7 yrs −4.5%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Mar 2017	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.1	−81.0%	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	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	0.1	−58.4%	Cons. · Japanese GAAP
FYE Mar 2024	1.1	+1627.4%	Cons. · Japanese GAAP
FYE Mar 2025	0.3	−76.3%	Cons. · Japanese GAAP
FYE Mar 2026	0.5	+100.4%	Cons. · Japanese GAAP

Definition: One-off losses, such as an impairment or a restructuring charge
Formula: Extraordinary loss line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥41bn

CAGR · 10 yrs +6.8%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	22.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	24.3	+6.0%	Cons. · Japanese GAAP
FYE Mar 2019	25.5	+5.2%	Cons. · Japanese GAAP
FYE Mar 2020	20.6	−19.2%	Cons. · Japanese GAAP
FYE Mar 2021	4.0	−80.5%	Cons. · Japanese GAAP
FYE Mar 2022	29.7	+639.6%	Cons. · Japanese GAAP
FYE Mar 2023	30.0	+0.9%	Cons. · Japanese GAAP
FYE Mar 2024	32.9	+9.7%	Cons. · Japanese GAAP
FYE Mar 2025	37.6	+14.4%	Cons. · Japanese GAAP
FYE Mar 2026	41.4	+9.9%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 62.8%

Average · 10 yrs 61.3%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	60.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	61.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	60.7	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	60.4	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	62.1	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2022	62.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	60.4	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2024	60.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	62.3	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2026	62.8	+0.4pp	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 52.6%

Average · 10 yrs 49.2%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	48.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	48.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	46.5	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2020	46.1	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	48.4	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2022	51.0	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2023	49.3	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2024	50.1	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	52.1	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2026	52.6	+0.5pp	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 53.2%

Average · 10 yrs 50.1%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	49.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	48.8	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	47.6	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	47.0	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	49.4	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2022	52.0	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2023	50.1	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2024	50.9	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	52.8	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2026	53.2	+0.5pp	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 36.3%

Average · 10 yrs 30.7%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	34.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	32.3	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2019	32.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	26.4	−5.6pp	Cons. · Japanese GAAP
FYE Mar 2021	5.4	−21.0pp	Cons. · Japanese GAAP
FYE Mar 2022	36.5	+31.1pp	Cons. · Japanese GAAP
FYE Mar 2023	33.8	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2024	33.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	36.2	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2026	36.3	+0.1pp	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 37.2%

Average · 10 yrs 38.7%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	39.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	38.8	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	39.3	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	39.6	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	37.9	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2022	37.7	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	39.6	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2024	39.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	37.7	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2026	37.2	−0.4pp	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 10.2%

Average · 10 yrs 12.1%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	12.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.2	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	14.3	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2020	14.3	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	13.8	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	11.3	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2023	11.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	10.3	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	10.2	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	10.2	−0.0pp	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 ¥270bn

CAGR · 10 yrs +3.5%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	197	n/a	Cons. · Japanese GAAP
FYE Mar 2018	222	+12.6%	Cons. · Japanese GAAP
FYE Mar 2019	233	+4.7%	Cons. · Japanese GAAP
FYE Mar 2020	219	−5.8%	Cons. · Japanese GAAP
FYE Mar 2021	211	−3.8%	Cons. · Japanese GAAP
FYE Mar 2022	229	+8.9%	Cons. · Japanese GAAP
FYE Mar 2023	242	+5.7%	Cons. · Japanese GAAP
FYE Mar 2024	272	+12.1%	Cons. · Japanese GAAP
FYE Mar 2025	267	−1.5%	Cons. · Japanese GAAP
FYE Mar 2026	270	+1.0%	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 ¥208bn

CAGR · 10 yrs +3.1%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	158	n/a	Cons. · Japanese GAAP
FYE Mar 2018	171	+8.1%	Cons. · Japanese GAAP
FYE Mar 2019	182	+6.4%	Cons. · Japanese GAAP
FYE Mar 2020	182	+0.2%	Cons. · Japanese GAAP
FYE Mar 2021	172	−5.8%	Cons. · Japanese GAAP
FYE Mar 2022	180	+5.0%	Cons. · Japanese GAAP
FYE Mar 2023	191	+6.2%	Cons. · Japanese GAAP
FYE Mar 2024	196	+2.4%	Cons. · Japanese GAAP
FYE Mar 2025	204	+4.2%	Cons. · Japanese GAAP
FYE Mar 2026	208	+1.6%	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 ¥0.7bn

CAGR · 10 yrs −17.3%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	3.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.6	−7.8%	Cons. · Japanese GAAP
FYE Mar 2019	3.0	−14.5%	Cons. · Japanese GAAP
FYE Mar 2020	2.7	−10.4%	Cons. · Japanese GAAP
FYE Mar 2021	3.1	+15.1%	Cons. · Japanese GAAP
FYE Mar 2022	2.5	−18.8%	Cons. · Japanese GAAP
FYE Mar 2023	2.1	−16.1%	Cons. · Japanese GAAP
FYE Mar 2024	2.4	+10.8%	Cons. · Japanese GAAP
FYE Mar 2025	2.0	−17.3%	Cons. · Japanese GAAP
FYE Mar 2026	0.7	−64.4%	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 ¥697m

CAGR · 10 yrs +41.8%

Fiscal year	Short-term borrowings ¥ m	YoY	Basis
FYE Mar 2017	30.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	220	+633.3%	Cons. · Japanese GAAP
FYE Mar 2019	397	+80.5%	Cons. · Japanese GAAP
FYE Mar 2020	300	−24.4%	Cons. · Japanese GAAP
FYE Mar 2021	220	−26.7%	Cons. · Japanese GAAP
FYE Mar 2022	186	−15.5%	Cons. · Japanese GAAP
FYE Mar 2023	340	+82.8%	Cons. · Japanese GAAP
FYE Mar 2024	150	−55.9%	Cons. · Japanese GAAP
FYE Mar 2025	340	+126.7%	Cons. · Japanese GAAP
FYE Mar 2026	697	+105.0%	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 n/a

CAGR · 9 yrs −10.2%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	3.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.3	−12.8%	Cons. · Japanese GAAP
FYE Mar 2019	2.6	−20.7%	Cons. · Japanese GAAP
FYE Mar 2020	2.4	−8.3%	Cons. · Japanese GAAP
FYE Mar 2021	2.9	+20.3%	Cons. · Japanese GAAP
FYE Mar 2022	2.4	−19.1%	Cons. · Japanese GAAP
FYE Mar 2023	1.8	−23.9%	Cons. · Japanese GAAP
FYE Mar 2024	2.2	+23.5%	Cons. · Japanese GAAP
FYE Mar 2025	1.6	−27.0%	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	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 ¥14bn

CAGR · 10 yrs +24.9%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	1.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	44.8	+2322.5%	Cons. · Japanese GAAP
FYE Mar 2019	42.4	−5.5%	Cons. · Japanese GAAP
FYE Mar 2020	36.1	−14.7%	Cons. · Japanese GAAP
FYE Mar 2021	15.2	−58.0%	Cons. · Japanese GAAP
FYE Mar 2022	14.6	−4.0%	Cons. · Japanese GAAP
FYE Mar 2023	13.5	−7.1%	Cons. · Japanese GAAP
FYE Mar 2024	12.8	−5.6%	Cons. · Japanese GAAP
FYE Mar 2025	12.9	+0.6%	Cons. · Japanese GAAP
FYE Mar 2026	13.7	+6.7%	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 ¥6.2bn

CAGR · 10 yrs +39.4%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	37.3	+11810.5%	Cons. · Japanese GAAP
FYE Mar 2019	35.3	−5.3%	Cons. · Japanese GAAP
FYE Mar 2020	29.4	−16.6%	Cons. · Japanese GAAP
FYE Mar 2021	8.9	−69.8%	Cons. · Japanese GAAP
FYE Mar 2022	8.4	−6.1%	Cons. · Japanese GAAP
FYE Mar 2023	7.8	−6.5%	Cons. · Japanese GAAP
FYE Mar 2024	7.3	−6.9%	Cons. · Japanese GAAP
FYE Mar 2025	6.7	−7.4%	Cons. · Japanese GAAP
FYE Mar 2026	6.2	−8.0%	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 76.8%

Average · 10 yrs 78.3%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	80.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	77.0	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2019	78.3	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	83.3	+5.0pp	Cons. · Japanese GAAP
FYE Mar 2021	81.6	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2022	78.6	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2023	79.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	72.2	−6.8pp	Cons. · Japanese GAAP
FYE Mar 2025	76.4	+4.2pp	Cons. · Japanese GAAP
FYE Mar 2026	76.8	+0.4pp	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 0.3%

Average · 10 yrs 1.5%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	2.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.1	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	1.7	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	1.5	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	1.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	1.4	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	1.1	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	1.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	1.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	0.3	−0.6pp	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 19.9%

Average · 10 yrs 14.4%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	14.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.2	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	14.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	11.3	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2021	2.3	−9.0pp	Cons. · Japanese GAAP
FYE Mar 2022	16.5	+14.2pp	Cons. · Japanese GAAP
FYE Mar 2023	15.7	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	16.8	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	18.4	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2026	19.9	+1.5pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 15.3%

Average · 10 yrs 11.2%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	11.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.9	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	11.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	9.4	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	1.9	−7.5pp	Cons. · Japanese GAAP
FYE Mar 2022	13.0	+11.1pp	Cons. · Japanese GAAP
FYE Mar 2023	12.4	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	12.1	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	14.1	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2026	15.3	+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 0.42×

CAGR · 10 yrs +2.4%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.34	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.34	−0.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.34	+1.6%	Cons. · Japanese GAAP
FYE Mar 2020	0.36	+3.8%	Cons. · Japanese GAAP
FYE Mar 2021	0.36	−0.3%	Cons. · Japanese GAAP
FYE Mar 2022	0.36	−0.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.37	+3.1%	Cons. · Japanese GAAP
FYE Mar 2024	0.36	−1.9%	Cons. · Japanese GAAP
FYE Mar 2025	0.39	+8.3%	Cons. · Japanese GAAP
FYE Mar 2026	0.42	+8.3%	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 ¥44bn

CAGR · 10 yrs +4.8%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	28.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	32.5	+12.5%	Cons. · Japanese GAAP
FYE Mar 2019	32.9	+1.2%	Cons. · Japanese GAAP
FYE Mar 2020	27.2	−17.2%	Cons. · Japanese GAAP
FYE Mar 2021	38.4	+41.0%	Cons. · Japanese GAAP
FYE Mar 2022	36.6	−4.6%	Cons. · Japanese GAAP
FYE Mar 2023	36.9	+0.8%	Cons. · Japanese GAAP
FYE Mar 2024	47.2	+27.8%	Cons. · Japanese GAAP
FYE Mar 2025	38.2	−19.1%	Cons. · Japanese GAAP
FYE Mar 2026	43.9	+15.1%	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 -¥21bn

Average · 10 yrs -¥9.5bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-4.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-34.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-4.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-9.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-1.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-9.1	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-2.6	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-6.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-21.3	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 -¥38bn

Average · 10 yrs -¥22bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-13.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-12.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-19.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-17.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-15.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-24.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-17.1	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-28.2	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-30.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-38.4	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 ¥89bn

CAGR · 10 yrs +7.1%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	47.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.7	−29.6%	Cons. · Japanese GAAP
FYE Mar 2019	45.5	+34.8%	Cons. · Japanese GAAP
FYE Mar 2020	50.8	+11.8%	Cons. · Japanese GAAP
FYE Mar 2021	64.9	+27.6%	Cons. · Japanese GAAP
FYE Mar 2022	75.5	+16.4%	Cons. · Japanese GAAP
FYE Mar 2023	86.2	+14.2%	Cons. · Japanese GAAP
FYE Mar 2024	103	+18.9%	Cons. · Japanese GAAP
FYE Mar 2025	105	+2.2%	Cons. · Japanese GAAP
FYE Mar 2026	88.9	−15.1%	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 ¥23bn

CAGR · 10 yrs −0.7%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	24.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-2.0	−108.3%	Cons. · Japanese GAAP
FYE Mar 2019	31.4	n/a	Cons. · Japanese GAAP
FYE Mar 2020	22.3	−28.9%	Cons. · Japanese GAAP
FYE Mar 2021	29.1	+30.2%	Cons. · Japanese GAAP
FYE Mar 2022	35.3	+21.4%	Cons. · Japanese GAAP
FYE Mar 2023	27.8	−21.1%	Cons. · Japanese GAAP
FYE Mar 2024	44.5	+59.9%	Cons. · Japanese GAAP
FYE Mar 2025	32.2	−27.7%	Cons. · Japanese GAAP
FYE Mar 2026	22.6	−29.6%	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 38.6%

Average · 10 yrs 42.4%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	43.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	43.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	41.2	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	34.9	−6.3pp	Cons. · Japanese GAAP
FYE Mar 2021	51.3	+16.4pp	Cons. · Japanese GAAP
FYE Mar 2022	45.0	−6.3pp	Cons. · Japanese GAAP
FYE Mar 2023	41.6	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2024	48.3	+6.7pp	Cons. · Japanese GAAP
FYE Mar 2025	36.7	−11.6pp	Cons. · Japanese GAAP
FYE Mar 2026	38.6	+1.9pp	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 ¥88bn

CAGR · 10 yrs +8.0%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	44.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.2	−31.5%	Cons. · Japanese GAAP
FYE Mar 2019	42.4	+40.6%	Cons. · Japanese GAAP
FYE Mar 2020	48.1	+13.4%	Cons. · Japanese GAAP
FYE Mar 2021	61.7	+28.3%	Cons. · Japanese GAAP
FYE Mar 2022	72.9	+18.1%	Cons. · Japanese GAAP
FYE Mar 2023	84.1	+15.2%	Cons. · Japanese GAAP
FYE Mar 2024	100	+19.1%	Cons. · Japanese GAAP
FYE Mar 2025	103	+2.6%	Cons. · Japanese GAAP
FYE Mar 2026	88.2	−14.1%	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 ¥785bn

Change · 10 yrs +¥204bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	581	n/a
FYE Mar 2018	673	n/a
FYE Mar 2019	643	n/a
FYE Mar 2020	233	n/a
FYE Mar 2021	339	n/a
FYE Mar 2022	322	n/a
FYE Mar 2023	590	n/a
FYE Mar 2024	649	n/a
FYE Mar 2025	715	n/a
FYE Mar 2026	785	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 1,656¥

Change · 10 yrs −200¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,855	n/a
FYE Mar 2018	2,149	n/a
FYE Mar 2019	2,053	n/a
FYE Mar 2020	743	n/a
FYE Mar 2021	1,081	n/a
FYE Mar 2022	1,029	n/a
FYE Mar 2023	2,294	n/a
FYE Mar 2024	2,524	n/a
FYE Mar 2025	1,391	n/a
FYE Mar 2026	1,656	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 474,000,000shares

Change · 10 yrs +160,750,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	313,250,000	Parent
FYE Mar 2018	313,250,000	Parent
FYE Mar 2019	313,250,000	Parent
FYE Mar 2020	313,250,000	Parent
FYE Mar 2021	313,250,000	Parent
FYE Mar 2022	313,250,000	Parent
FYE Mar 2023	257,000,000	Parent
FYE Mar 2024	257,000,000	Parent
FYE Mar 2025	514,000,000	Parent
FYE Mar 2026	474,000,000	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 88.78¥

Change · 10 yrs −1.24¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	90.02	Cons.
FYE Mar 2018	95.59	Cons.
FYE Mar 2019	100.54	Cons.
FYE Mar 2020	41.22	Cons.
FYE Mar 2021	8.06	Cons.
FYE Mar 2022	59.90	Cons.
FYE Mar 2023	61.34	Cons.
FYE Mar 2024	68.28	Cons.
FYE Mar 2025	78.65	Cons.
FYE Mar 2026	88.78	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 437.81¥

Change · 10 yrs −67.66¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	505.46	Cons. · Japanese GAAP
FYE Mar 2018	546.31	Cons. · Japanese GAAP
FYE Mar 2019	581.40	Cons. · Japanese GAAP
FYE Mar 2020	582.39	Cons. · Japanese GAAP
FYE Mar 2021	548.53	Cons. · Japanese GAAP
FYE Mar 2022	575.70	Cons. · Japanese GAAP
FYE Mar 2023	744.96	Cons. · Japanese GAAP
FYE Mar 2024	762.65	Cons. · Japanese GAAP
FYE Mar 2025	397.28	Cons. · Japanese GAAP
FYE Mar 2026	437.81	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 18.65×

Average · 10 yrs 30.63×

Fiscal year	PER ×	Basis
FYE Mar 2017	20.61	Cons.
FYE Mar 2018	22.48	Cons.
FYE Mar 2019	20.42	Cons.
FYE Mar 2020	18.02	Cons.
FYE Mar 2021	134.12	Cons.
FYE Mar 2022	17.18	Cons.
FYE Mar 2023	18.70	Cons.
FYE Mar 2024	18.48	Cons.
FYE Mar 2025	17.69	Cons.
FYE Mar 2026	18.65	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 3.71×

Average · 10 yrs 3.00×

Fiscal year	PBR ×	Basis
FYE Mar 2017	2.98	Cons.
FYE Mar 2018	3.20	Cons.
FYE Mar 2019	2.86	Cons.
FYE Mar 2020	2.04	Cons.
FYE Mar 2021	3.14	Cons.
FYE Mar 2022	2.81	Cons.
FYE Mar 2023	2.94	Cons.
FYE Mar 2024	3.10	Cons.
FYE Mar 2025	3.23	Cons.
FYE Mar 2026	3.71	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 1,211people

Change · 10 yrs +179 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	1,032	n/a	Cons.
FYE Mar 2018	1,157	+12.1%	Cons.
FYE Mar 2019	1,115	−3.6%	Cons.
FYE Mar 2020	1,095	−1.8%	Cons.
FYE Mar 2021	1,109	+1.3%	Cons.
FYE Mar 2022	1,102	−0.6%	Cons.
FYE Mar 2023	1,118	+1.5%	Cons.
FYE Mar 2024	1,130	+1.1%	Cons.
FYE Mar 2025	1,175	+4.0%	Cons.
FYE Mar 2026	1,211	+3.1%	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 725people

Change · 10 yrs +142 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	583	n/a	Parent
FYE Mar 2018	580	−0.5%	Parent
FYE Mar 2019	572	−1.4%	Parent
FYE Mar 2020	588	+2.8%	Parent
FYE Mar 2021	624	+6.1%	Parent
FYE Mar 2022	681	+9.1%	Parent
FYE Mar 2023	684	+0.4%	Parent
FYE Mar 2024	677	−1.0%	Parent
FYE Mar 2025	695	+2.7%	Parent
FYE Mar 2026	725	+4.3%	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 ¥7.7m

Change · 8 yrs +¥1.2m

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	6.5	n/a	Parent
FYE Mar 2020	6.6	+1.4%	Parent
FYE Mar 2021	6.2	−6.1%	Parent
FYE Mar 2022	6.7	+7.9%	Parent
FYE Mar 2023	6.9	+3.3%	Parent
FYE Mar 2024	7.0	+2.3%	Parent
FYE Mar 2025	7.3	+4.3%	Parent
FYE Mar 2026	7.7	+5.0%	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 39.4years

Change · 8 yrs +0.1 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	39.3	n/a	Parent
FYE Mar 2020	39.4	+0.3%	Parent
FYE Mar 2021	38.9	−1.3%	Parent
FYE Mar 2022	39.6	+1.8%	Parent
FYE Mar 2023	39.7	+0.3%	Parent
FYE Mar 2024	39.8	+0.3%	Parent
FYE Mar 2025	39.9	+0.3%	Parent
FYE Mar 2026	39.4	−1.3%	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 13.0years

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	12.6	n/a	Parent
FYE Mar 2020	13.1	+4.0%	Parent
FYE Mar 2021	13.0	−0.8%	Parent
FYE Mar 2022	13.4	+3.1%	Parent
FYE Mar 2023	13.0	−3.0%	Parent
FYE Mar 2024	13.2	+1.5%	Parent
FYE Mar 2025	13.4	+1.5%	Parent
FYE Mar 2026	13.0	−3.0%	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 210people

Change · 10 yrs +22 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	188	n/a	n/a
FYE Mar 2018	212	+12.8%	n/a
FYE Mar 2019	180	−15.1%	n/a
FYE Mar 2020	165	−8.3%	n/a
FYE Mar 2021	159	−3.6%	n/a
FYE Mar 2022	161	+1.3%	n/a
FYE Mar 2023	164	+1.9%	n/a
FYE Mar 2024	190	+15.9%	n/a
FYE Mar 2025	195	+2.6%	n/a
FYE Mar 2026	210	+7.7%	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 ¥94.0m

Change · 10 yrs +¥28.9m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	65.1	n/a	Cons.
FYE Mar 2018	65.0	−0.2%	Cons.
FYE Mar 2019	71.7	+10.3%	Cons.
FYE Mar 2020	71.4	−0.4%	Cons.
FYE Mar 2021	67.5	−5.4%	Cons.
FYE Mar 2022	73.9	+9.5%	Cons.
FYE Mar 2023	79.4	+7.4%	Cons.
FYE Mar 2024	86.4	+8.8%	Cons.
FYE Mar 2025	88.5	+2.5%	Cons.
FYE Mar 2026	94.0	+6.2%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥49.4m

Change · 10 yrs +¥18.0m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	31.4	n/a	Cons.
FYE Mar 2018	31.2	−0.7%	Cons.
FYE Mar 2019	33.3	+6.8%	Cons.
FYE Mar 2020	32.9	−1.2%	Cons.
FYE Mar 2021	32.7	−0.7%	Cons.
FYE Mar 2022	37.7	+15.5%	Cons.
FYE Mar 2023	39.2	+3.8%	Cons.
FYE Mar 2024	43.3	+10.6%	Cons.
FYE Mar 2025	46.1	+6.5%	Cons.
FYE Mar 2026	49.4	+7.1%	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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