Financials

CyberAgent: FYE Sep 2025 and ten years of results (51 metrics)

FYE Sep 2025 · Revenue¥874bnYoY +9.1%

FYE Sep 2025 · Operating profit¥72bnYoY +78.9%

FYE Sep 2025 · Net profit¥32bnYoY +98.2%

FYE Sep 2025 · Equity ratio33.0%YoY +2.3pp

FYE Sep 2025 · Group employees8,150YoY +430

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Sep 2016Consolidated	¥311bn	n/a	¥37bn	n/a	11.8%	¥14bn	Fujita Susumu	—
FYE Sep 2017Consolidated	¥371bn	+19.5%	¥31bn	−16.6%	8.3%	¥4.0bn	Fujita Susumu	—
FYE Sep 2018Consolidated	¥420bn	+13.0%	¥30bn	−1.7%	7.2%	¥4.8bn	Fujita Susumu	Capital tie-up with FC Machida Zelvia — into J-League ownership
FYE Sep 2019Consolidated	¥454bn	+8.1%	¥31bn	+2.2%	6.8%	¥1.7bn	Fujita Susumu	Approval for Fujita’s reappointment falls to 57.56%
FYE Sep 2020Consolidated	¥479bn	+5.5%	¥34bn	+9.9%	7.1%	¥6.6bn	Fujita Susumu	—
FYE Sep 2021Consolidated	¥666bn	+39.2%	¥104bn	+208.1%	15.7%	¥41bn	Fujita Susumu	Record profit on the game <em>Uma Musume</em>
FYE Sep 2022Consolidated	¥710bn	+6.6%	¥69bn	−33.8%	9.7%	¥23bn	Fujita Susumu	ABEMA streams all 64 FIFA World Cup matches free
FYE Sep 2023Consolidated	¥720bn	+1.4%	¥25bn	−64.5%	3.4%	¥3.5bn	Fujita Susumu	Succession plan announced; Nelke Planning joins the group
FYE Sep 2024Consolidated	¥801bn	+11.3%	¥40bn	+63.2%	5.0%	¥16bn	Fujita Susumu	Anime & IP division created; Nitroplus joins the group
FYE Sep 2025Consolidated	¥874bn	+9.1%	¥72bn	+78.9%	8.2%	¥32bn	Fujita Susumu	Anime studio CA Soa established; leadership handover brought forward

How it compares

SoftBank Group¥7.80tnFY2025Operating margin 78.7%Rakuten Group¥2.50tnFY2025Operating margin 0.6%LY Corporation¥2.04tnFY2025Operating margin 16.8%

CyberAgent¥874bnFY2025Operating margin 8.2%

U-NEXT HOLDINGS¥390bnFY2025Operating margin 8.1%M3¥351bnFY2025Operating margin 20.9%MonotaRO¥334bnFY2025Operating margin 13.8%Mercari¥229bnFY2026Operating margin 19.1%ZOZO¥228bnFY2025Operating margin 30.4%

LINE CorporationDelisted 2020

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 Sep 2025 ¥874bn

CAGR · 10 yrs +12.2%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Sep 2016	311	n/a	Cons. · Japanese GAAP
FYE Sep 2017	371	+19.5%	Cons. · Japanese GAAP
FYE Sep 2018	420	+13.0%	Cons. · Japanese GAAP
FYE Sep 2019	454	+8.1%	Cons. · Japanese GAAP
FYE Sep 2020	479	+5.5%	Cons. · Japanese GAAP
FYE Sep 2021	666	+39.2%	Cons. · Japanese GAAP
FYE Sep 2022	710	+6.6%	Cons. · Japanese GAAP
FYE Sep 2023	720	+1.4%	Cons. · Japanese GAAP
FYE Sep 2024	801	+11.3%	Cons. · Japanese GAAP
FYE Sep 2025	874	+9.1%	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 Sep 2025 ¥610bn

CAGR · 10 yrs +13.3%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Sep 2016	198	n/a	Cons. · Japanese GAAP
FYE Sep 2017	248	+25.6%	Cons. · Japanese GAAP
FYE Sep 2018	289	+16.6%	Cons. · Japanese GAAP
FYE Sep 2019	320	+10.6%	Cons. · Japanese GAAP
FYE Sep 2020	338	+5.5%	Cons. · Japanese GAAP
FYE Sep 2021	434	+28.6%	Cons. · Japanese GAAP
FYE Sep 2022	491	+13.1%	Cons. · Japanese GAAP
FYE Sep 2023	528	+7.4%	Cons. · Japanese GAAP
FYE Sep 2024	582	+10.4%	Cons. · Japanese GAAP
FYE Sep 2025	610	+4.7%	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 Sep 2025 ¥264bn

CAGR · 10 yrs +9.9%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Sep 2016	113	n/a	Cons. · Japanese GAAP
FYE Sep 2017	123	+8.9%	Cons. · Japanese GAAP
FYE Sep 2018	130	+5.7%	Cons. · Japanese GAAP
FYE Sep 2019	133	+2.5%	Cons. · Japanese GAAP
FYE Sep 2020	141	+5.5%	Cons. · Japanese GAAP
FYE Sep 2021	232	+64.9%	Cons. · Japanese GAAP
FYE Sep 2022	219	−5.5%	Cons. · Japanese GAAP
FYE Sep 2023	192	−12.2%	Cons. · Japanese GAAP
FYE Sep 2024	219	+13.7%	Cons. · Japanese GAAP
FYE Sep 2025	264	+20.7%	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 Sep 2025 ¥192bn

CAGR · 10 yrs +10.8%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Sep 2016	76.1	n/a	Cons. · Japanese GAAP
FYE Sep 2017	92.3	+21.2%	Cons. · Japanese GAAP
FYE Sep 2018	99.9	+8.2%	Cons. · Japanese GAAP
FYE Sep 2019	102	+2.6%	Cons. · Japanese GAAP
FYE Sep 2020	107	+4.2%	Cons. · Japanese GAAP
FYE Sep 2021	128	+19.5%	Cons. · Japanese GAAP
FYE Sep 2022	150	+17.6%	Cons. · Japanese GAAP
FYE Sep 2023	168	+11.9%	Cons. · Japanese GAAP
FYE Sep 2024	179	+6.5%	Cons. · Japanese GAAP
FYE Sep 2025	192	+7.6%	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 Sep 2025 ¥72bn

CAGR · 10 yrs +7.7%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Sep 2016	36.8	n/a	Cons. · Japanese GAAP
FYE Sep 2017	30.7	−16.6%	Cons. · Japanese GAAP
FYE Sep 2018	30.2	−1.7%	Cons. · Japanese GAAP
FYE Sep 2019	30.8	+2.2%	Cons. · Japanese GAAP
FYE Sep 2020	33.9	+9.9%	Cons. · Japanese GAAP
FYE Sep 2021	104	+208.1%	Cons. · Japanese GAAP
FYE Sep 2022	69.1	−33.8%	Cons. · Japanese GAAP
FYE Sep 2023	24.6	−64.5%	Cons. · Japanese GAAP
FYE Sep 2024	40.1	+63.2%	Cons. · Japanese GAAP
FYE Sep 2025	71.7	+78.9%	Cons. · Japanese GAAP

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

Non-operating income

FYE Sep 2025 ¥1.6bn

CAGR · 10 yrs +25.4%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Sep 2016	0.2	n/a	Cons. · Japanese GAAP
FYE Sep 2017	0.4	+82.5%	Cons. · Japanese GAAP
FYE Sep 2018	0.4	−3.9%	Cons. · Japanese GAAP
FYE Sep 2019	0.5	+43.8%	Cons. · Japanese GAAP
FYE Sep 2020	0.5	−3.0%	Cons. · Japanese GAAP
FYE Sep 2021	0.9	+65.9%	Cons. · Japanese GAAP
FYE Sep 2022	1.0	+16.0%	Cons. · Japanese GAAP
FYE Sep 2023	1.3	+26.4%	Cons. · Japanese GAAP
FYE Sep 2024	1.8	+38.8%	Cons. · Japanese GAAP
FYE Sep 2025	1.6	−7.5%	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 Sep 2025 ¥1.6bn

CAGR · 10 yrs −0.5%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Sep 2016	1.7	n/a	Cons. · Japanese GAAP
FYE Sep 2017	2.3	+41.3%	Cons. · Japanese GAAP
FYE Sep 2018	2.0	−16.0%	Cons. · Japanese GAAP
FYE Sep 2019	0.9	−56.0%	Cons. · Japanese GAAP
FYE Sep 2020	0.5	−38.2%	Cons. · Japanese GAAP
FYE Sep 2021	0.5	+2.2%	Cons. · Japanese GAAP
FYE Sep 2022	0.6	+18.2%	Cons. · Japanese GAAP
FYE Sep 2023	0.9	+39.5%	Cons. · Japanese GAAP
FYE Sep 2024	2.1	+134.6%	Cons. · Japanese GAAP
FYE Sep 2025	1.6	−25.5%	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 Sep 2025 ¥72bn

CAGR · 10 yrs +8.2%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Sep 2016	35.3	n/a	Cons. · Japanese GAAP
FYE Sep 2017	28.7	−18.7%	Cons. · Japanese GAAP
FYE Sep 2018	28.6	−0.6%	Cons. · Japanese GAAP
FYE Sep 2019	30.5	+6.7%	Cons. · Japanese GAAP
FYE Sep 2020	33.9	+11.1%	Cons. · Japanese GAAP
FYE Sep 2021	104	+208.2%	Cons. · Japanese GAAP
FYE Sep 2022	67.9	−34.9%	Cons. · Japanese GAAP
FYE Sep 2023	22.7	−66.6%	Cons. · Japanese GAAP
FYE Sep 2024	39.7	+74.9%	Cons. · Japanese GAAP
FYE Sep 2025	71.7	+80.6%	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 Sep 2025 ¥2.3bn

CAGR · 10 yrs −8.6%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Sep 2016	5.2	n/a	Cons. · Japanese GAAP
FYE Sep 2017	0.7	−87.2%	Cons. · Japanese GAAP
FYE Sep 2018	1.0	+46.9%	Cons. · Japanese GAAP
FYE Sep 2019	1.9	+94.9%	Cons. · Japanese GAAP
FYE Sep 2020	0.1	−95.4%	Cons. · Japanese GAAP
FYE Sep 2021	2.2	+2401.1%	Cons. · Japanese GAAP
FYE Sep 2022	1.6	−25.8%	Cons. · Japanese GAAP
FYE Sep 2023	1.5	−10.0%	Cons. · Japanese GAAP
FYE Sep 2024	0.3	−78.7%	Cons. · Japanese GAAP
FYE Sep 2025	2.3	+640.9%	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 Sep 2025 ¥32bn

CAGR · 10 yrs +9.8%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Sep 2016	13.6	n/a	Cons. · Japanese GAAP
FYE Sep 2017	4.0	−70.4%	Cons. · Japanese GAAP
FYE Sep 2018	4.8	+20.5%	Cons. · Japanese GAAP
FYE Sep 2019	1.7	−65.1%	Cons. · Japanese GAAP
FYE Sep 2020	6.6	+290.1%	Cons. · Japanese GAAP
FYE Sep 2021	41.2	+524.1%	Cons. · Japanese GAAP
FYE Sep 2022	22.9	−44.5%	Cons. · Japanese GAAP
FYE Sep 2023	3.5	−84.5%	Cons. · Japanese GAAP
FYE Sep 2024	16.0	+351.3%	Cons. · Japanese GAAP
FYE Sep 2025	31.7	+98.2%	Cons. · Japanese GAAP

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

Gross margin

FYE Sep 2025 30.2%

Average · 10 yrs 30.9%

Fiscal year	Gross margin %	YoY	Basis
FYE Sep 2016	36.4	n/a	Cons. · Japanese GAAP
FYE Sep 2017	33.1	−3.2pp	Cons. · Japanese GAAP
FYE Sep 2018	31.0	−2.1pp	Cons. · Japanese GAAP
FYE Sep 2019	29.4	−1.6pp	Cons. · Japanese GAAP
FYE Sep 2020	29.4	−0.0pp	Cons. · Japanese GAAP
FYE Sep 2021	34.8	+5.4pp	Cons. · Japanese GAAP
FYE Sep 2022	30.9	−4.0pp	Cons. · Japanese GAAP
FYE Sep 2023	26.7	−4.2pp	Cons. · Japanese GAAP
FYE Sep 2024	27.3	+0.6pp	Cons. · Japanese GAAP
FYE Sep 2025	30.2	+2.9pp	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 Sep 2025 8.2%

Average · 10 yrs 8.3%

Fiscal year	Operating margin %	YoY	Basis
FYE Sep 2016	11.8	n/a	Cons. · Japanese GAAP
FYE Sep 2017	8.3	−3.6pp	Cons. · Japanese GAAP
FYE Sep 2018	7.2	−1.1pp	Cons. · Japanese GAAP
FYE Sep 2019	6.8	−0.4pp	Cons. · Japanese GAAP
FYE Sep 2020	7.1	+0.3pp	Cons. · Japanese GAAP
FYE Sep 2021	15.7	+8.6pp	Cons. · Japanese GAAP
FYE Sep 2022	9.7	−5.9pp	Cons. · Japanese GAAP
FYE Sep 2023	3.4	−6.3pp	Cons. · Japanese GAAP
FYE Sep 2024	5.0	+1.6pp	Cons. · Japanese GAAP
FYE Sep 2025	8.2	+3.2pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Sep 2025 8.2%

Average · 10 yrs 8.1%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Sep 2016	11.4	n/a	Cons. · Japanese GAAP
FYE Sep 2017	7.7	−3.6pp	Cons. · Japanese GAAP
FYE Sep 2018	6.8	−0.9pp	Cons. · Japanese GAAP
FYE Sep 2019	6.7	−0.1pp	Cons. · Japanese GAAP
FYE Sep 2020	7.1	+0.4pp	Cons. · Japanese GAAP
FYE Sep 2021	15.7	+8.6pp	Cons. · Japanese GAAP
FYE Sep 2022	9.6	−6.1pp	Cons. · Japanese GAAP
FYE Sep 2023	3.2	−6.4pp	Cons. · Japanese GAAP
FYE Sep 2024	5.0	+1.8pp	Cons. · Japanese GAAP
FYE Sep 2025	8.2	+3.3pp	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 Sep 2025 3.6%

Average · 10 yrs 2.4%

Fiscal year	Net margin %	YoY	Basis
FYE Sep 2016	4.4	n/a	Cons. · Japanese GAAP
FYE Sep 2017	1.1	−3.3pp	Cons. · Japanese GAAP
FYE Sep 2018	1.2	+0.1pp	Cons. · Japanese GAAP
FYE Sep 2019	0.4	−0.8pp	Cons. · Japanese GAAP
FYE Sep 2020	1.4	+1.0pp	Cons. · Japanese GAAP
FYE Sep 2021	6.2	+4.8pp	Cons. · Japanese GAAP
FYE Sep 2022	3.2	−3.0pp	Cons. · Japanese GAAP
FYE Sep 2023	0.5	−2.7pp	Cons. · Japanese GAAP
FYE Sep 2024	2.0	+1.5pp	Cons. · Japanese GAAP
FYE Sep 2025	3.6	+1.6pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Sep 2025 69.8%

Average · 10 yrs 69.1%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Sep 2016	63.6	n/a	Cons. · Japanese GAAP
FYE Sep 2017	66.9	+3.2pp	Cons. · Japanese GAAP
FYE Sep 2018	69.0	+2.1pp	Cons. · Japanese GAAP
FYE Sep 2019	70.6	+1.6pp	Cons. · Japanese GAAP
FYE Sep 2020	70.6	−0.0pp	Cons. · Japanese GAAP
FYE Sep 2021	65.2	−5.4pp	Cons. · Japanese GAAP
FYE Sep 2022	69.2	+4.0pp	Cons. · Japanese GAAP
FYE Sep 2023	73.3	+4.1pp	Cons. · Japanese GAAP
FYE Sep 2024	72.7	−0.6pp	Cons. · Japanese GAAP
FYE Sep 2025	69.8	−2.9pp	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 Sep 2025 22.0%

Average · 10 yrs 22.6%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Sep 2016	24.5	n/a	Cons. · Japanese GAAP
FYE Sep 2017	24.8	+0.3pp	Cons. · Japanese GAAP
FYE Sep 2018	23.8	−1.0pp	Cons. · Japanese GAAP
FYE Sep 2019	22.6	−1.2pp	Cons. · Japanese GAAP
FYE Sep 2020	22.3	−0.3pp	Cons. · Japanese GAAP
FYE Sep 2021	19.2	−3.2pp	Cons. · Japanese GAAP
FYE Sep 2022	21.1	+2.0pp	Cons. · Japanese GAAP
FYE Sep 2023	23.3	+2.2pp	Cons. · Japanese GAAP
FYE Sep 2024	22.3	−1.0pp	Cons. · Japanese GAAP
FYE Sep 2025	22.0	−0.3pp	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 Sep 2025 ¥557bn

CAGR · 10 yrs +15.1%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Sep 2016	157	n/a	Cons. · Japanese GAAP
FYE Sep 2017	164	+4.7%	Cons. · Japanese GAAP
FYE Sep 2018	225	+37.5%	Cons. · Japanese GAAP
FYE Sep 2019	225	−0.3%	Cons. · Japanese GAAP
FYE Sep 2020	261	+16.0%	Cons. · Japanese GAAP
FYE Sep 2021	382	+46.6%	Cons. · Japanese GAAP
FYE Sep 2022	382	−0.1%	Cons. · Japanese GAAP
FYE Sep 2023	475	+24.4%	Cons. · Japanese GAAP
FYE Sep 2024	517	+8.7%	Cons. · Japanese GAAP
FYE Sep 2025	557	+7.8%	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 Sep 2025 ¥184bn

CAGR · 10 yrs +10.0%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Sep 2016	77.7	n/a	Cons. · Japanese GAAP
FYE Sep 2017	79.7	+2.6%	Cons. · Japanese GAAP
FYE Sep 2018	82.5	+3.6%	Cons. · Japanese GAAP
FYE Sep 2019	80.1	−3.0%	Cons. · Japanese GAAP
FYE Sep 2020	90.5	+13.0%	Cons. · Japanese GAAP
FYE Sep 2021	130	+43.5%	Cons. · Japanese GAAP
FYE Sep 2022	144	+11.2%	Cons. · Japanese GAAP
FYE Sep 2023	143	−0.9%	Cons. · Japanese GAAP
FYE Sep 2024	158	+10.6%	Cons. · Japanese GAAP
FYE Sep 2025	184	+16.1%	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 Sep 2025 ¥53bn

CAGR · 10 yrs +56.4%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Sep 2016	0.9	n/a	Cons. · Japanese GAAP
FYE Sep 2017	1.1	+18.4%	Cons. · Japanese GAAP
FYE Sep 2018	1.0	−11.4%	Cons. · Japanese GAAP
FYE Sep 2019	1.0	+3.2%	Cons. · Japanese GAAP
FYE Sep 2020	1.1	+7.7%	Cons. · Japanese GAAP
FYE Sep 2021	2.2	+100.6%	Cons. · Japanese GAAP
FYE Sep 2022	6.1	+177.3%	Cons. · Japanese GAAP
FYE Sep 2023	46.5	+658.5%	Cons. · Japanese GAAP
FYE Sep 2024	46.3	−0.4%	Cons. · Japanese GAAP
FYE Sep 2025	53.0	+14.5%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Sep 2025 ¥0.6bn

CAGR · 10 yrs −3.8%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Sep 2016	0.9	n/a	Cons. · Japanese GAAP
FYE Sep 2017	0.9	+4.8%	Cons. · Japanese GAAP
FYE Sep 2018	0.9	+0.6%	Cons. · Japanese GAAP
FYE Sep 2019	0.9	+4.4%	Cons. · Japanese GAAP
FYE Sep 2020	1.1	+14.9%	Cons. · Japanese GAAP
FYE Sep 2021	1.0	−4.0%	Cons. · Japanese GAAP
FYE Sep 2022	2.4	+129.5%	Cons. · Japanese GAAP
FYE Sep 2023	3.1	+32.0%	Cons. · Japanese GAAP
FYE Sep 2024	0.6	−80.9%	Cons. · Japanese GAAP
FYE Sep 2025	0.6	−0.0%	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 Sep 2025 ¥52bn

CAGR · 10 yrs +102.6%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Sep 2016	0.1	n/a	Cons. · Japanese GAAP
FYE Sep 2017	0.2	+146.2%	Cons. · Japanese GAAP
FYE Sep 2018	0.1	−59.4%	Cons. · Japanese GAAP
FYE Sep 2019	0.1	−8.8%	Cons. · Japanese GAAP
FYE Sep 2020	0.0	−73.5%	Cons. · Japanese GAAP
FYE Sep 2021	1.2	+5236.4%	Cons. · Japanese GAAP
FYE Sep 2022	3.8	+219.4%	Cons. · Japanese GAAP
FYE Sep 2023	43.4	+1056.1%	Cons. · Japanese GAAP
FYE Sep 2024	45.7	+5.5%	Cons. · Japanese GAAP
FYE Sep 2025	52.4	+14.6%	Cons. · Japanese GAAP

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

Bonds

FYE Sep 2025 ¥40bn

Average · 10 yrs ¥30bn

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Sep 2016	0.0	n/a	Cons. · Japanese GAAP
FYE Sep 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Sep 2018	40.6	n/a	Cons. · Japanese GAAP
FYE Sep 2019	40.4	−0.5%	Cons. · Japanese GAAP
FYE Sep 2020	40.3	−0.3%	Cons. · Japanese GAAP
FYE Sep 2021	40.2	−0.3%	Cons. · Japanese GAAP
FYE Sep 2022	20.0	−50.2%	Cons. · Japanese GAAP
FYE Sep 2023	60.6	+202.6%	Cons. · Japanese GAAP
FYE Sep 2024	20.0	−67.0%	Cons. · Japanese GAAP
FYE Sep 2025	40.4	+101.6%	Cons. · Japanese GAAP

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

Intangible assets

FYE Sep 2025 ¥57bn

CAGR · 10 yrs +12.0%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Sep 2016	20.4	n/a	Cons. · Japanese GAAP
FYE Sep 2017	24.5	+20.0%	Cons. · Japanese GAAP
FYE Sep 2018	28.6	+16.5%	Cons. · Japanese GAAP
FYE Sep 2019	24.4	−14.7%	Cons. · Japanese GAAP
FYE Sep 2020	24.5	+0.5%	Cons. · Japanese GAAP
FYE Sep 2021	26.4	+7.9%	Cons. · Japanese GAAP
FYE Sep 2022	22.1	−16.6%	Cons. · Japanese GAAP
FYE Sep 2023	33.6	+52.2%	Cons. · Japanese GAAP
FYE Sep 2024	49.3	+46.9%	Cons. · Japanese GAAP
FYE Sep 2025	56.8	+15.1%	Cons. · Japanese GAAP

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

Goodwill

FYE Sep 2025 ¥14bn

CAGR · 10 yrs +25.3%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Sep 2016	1.8	n/a	Cons. · Japanese GAAP
FYE Sep 2017	1.7	−9.3%	Cons. · Japanese GAAP
FYE Sep 2018	1.6	−4.5%	Cons. · Japanese GAAP
FYE Sep 2019	1.2	−24.2%	Cons. · Japanese GAAP
FYE Sep 2020	1.2	−0.3%	Cons. · Japanese GAAP
FYE Sep 2021	5.0	+315.9%	Cons. · Japanese GAAP
FYE Sep 2022	4.8	−2.3%	Cons. · Japanese GAAP
FYE Sep 2023	7.1	+46.3%	Cons. · Japanese GAAP
FYE Sep 2024	14.8	+108.6%	Cons. · Japanese GAAP
FYE Sep 2025	13.9	−6.0%	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 Sep 2025 33.0%

Average · 10 yrs 37.1%

Fiscal year	Equity ratio %	YoY	Basis
FYE Sep 2016	49.6	n/a	Cons. · Japanese GAAP
FYE Sep 2017	48.6	−1.0pp	Cons. · Japanese GAAP
FYE Sep 2018	36.6	−12.0pp	Cons. · Japanese GAAP
FYE Sep 2019	35.6	−1.0pp	Cons. · Japanese GAAP
FYE Sep 2020	34.7	−0.9pp	Cons. · Japanese GAAP
FYE Sep 2021	34.0	−0.7pp	Cons. · Japanese GAAP
FYE Sep 2022	37.8	+3.8pp	Cons. · Japanese GAAP
FYE Sep 2023	30.1	−7.7pp	Cons. · Japanese GAAP
FYE Sep 2024	30.6	+0.5pp	Cons. · Japanese GAAP
FYE Sep 2025	33.0	+2.3pp	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 Sep 2025 28.9%

Average · 10 yrs 10.3%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Sep 2016	1.2	n/a	Cons. · Japanese GAAP
FYE Sep 2017	1.4	+0.2pp	Cons. · Japanese GAAP
FYE Sep 2018	1.2	−0.2pp	Cons. · Japanese GAAP
FYE Sep 2019	1.3	+0.1pp	Cons. · Japanese GAAP
FYE Sep 2020	1.2	−0.1pp	Cons. · Japanese GAAP
FYE Sep 2021	1.7	+0.5pp	Cons. · Japanese GAAP
FYE Sep 2022	4.2	+2.5pp	Cons. · Japanese GAAP
FYE Sep 2023	32.5	+28.3pp	Cons. · Japanese GAAP
FYE Sep 2024	29.3	−3.2pp	Cons. · Japanese GAAP
FYE Sep 2025	28.9	−0.4pp	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 Sep 2025 17.2%

Average · 10 yrs 11.5%

Fiscal year	ROE %	YoY	Basis
FYE Sep 2016	17.5	n/a	Cons. · Japanese GAAP
FYE Sep 2017	5.1	−12.5pp	Cons. · Japanese GAAP
FYE Sep 2018	5.9	+0.8pp	Cons. · Japanese GAAP
FYE Sep 2019	2.1	−3.8pp	Cons. · Japanese GAAP
FYE Sep 2020	7.3	+5.2pp	Cons. · Japanese GAAP
FYE Sep 2021	31.8	+24.5pp	Cons. · Japanese GAAP
FYE Sep 2022	15.9	−15.9pp	Cons. · Japanese GAAP
FYE Sep 2023	2.5	−13.4pp	Cons. · Japanese GAAP
FYE Sep 2024	10.1	+7.6pp	Cons. · Japanese GAAP
FYE Sep 2025	17.2	+7.1pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Sep 2025 5.7%

Average · 10 yrs 4.3%

Fiscal year	ROA %	YoY	Basis
FYE Sep 2016	8.7	n/a	Cons. · Japanese GAAP
FYE Sep 2017	2.5	−6.2pp	Cons. · Japanese GAAP
FYE Sep 2018	2.2	−0.3pp	Cons. · Japanese GAAP
FYE Sep 2019	0.8	−1.4pp	Cons. · Japanese GAAP
FYE Sep 2020	2.5	+1.8pp	Cons. · Japanese GAAP
FYE Sep 2021	10.8	+8.3pp	Cons. · Japanese GAAP
FYE Sep 2022	6.0	−4.8pp	Cons. · Japanese GAAP
FYE Sep 2023	0.7	−5.3pp	Cons. · Japanese GAAP
FYE Sep 2024	3.1	+2.3pp	Cons. · Japanese GAAP
FYE Sep 2025	5.7	+2.6pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Sep 2025 1.57×

CAGR · 10 yrs −2.6%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Sep 2016	1.98	n/a	Cons. · Japanese GAAP
FYE Sep 2017	2.26	+14.1%	Cons. · Japanese GAAP
FYE Sep 2018	1.86	−17.8%	Cons. · Japanese GAAP
FYE Sep 2019	2.02	+8.4%	Cons. · Japanese GAAP
FYE Sep 2020	1.84	−9.0%	Cons. · Japanese GAAP
FYE Sep 2021	1.74	−5.0%	Cons. · Japanese GAAP
FYE Sep 2022	1.86	+6.7%	Cons. · Japanese GAAP
FYE Sep 2023	1.52	−18.5%	Cons. · Japanese GAAP
FYE Sep 2024	1.55	+2.3%	Cons. · Japanese GAAP
FYE Sep 2025	1.57	+1.2%	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 Sep 2025 ¥80bn

CAGR · 10 yrs +12.2%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Sep 2016	28.2	n/a	Cons. · Japanese GAAP
FYE Sep 2017	21.6	−23.4%	Cons. · Japanese GAAP
FYE Sep 2018	28.4	+31.3%	Cons. · Japanese GAAP
FYE Sep 2019	14.9	−47.5%	Cons. · Japanese GAAP
FYE Sep 2020	37.0	+148.2%	Cons. · Japanese GAAP
FYE Sep 2021	110	+196.0%	Cons. · Japanese GAAP
FYE Sep 2022	17.9	−83.6%	Cons. · Japanese GAAP
FYE Sep 2023	20.8	+16.0%	Cons. · Japanese GAAP
FYE Sep 2024	53.2	+155.6%	Cons. · Japanese GAAP
FYE Sep 2025	79.5	+49.4%	Cons. · Japanese GAAP

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

Investing cash flow

FYE Sep 2025 -¥31bn

Average · 10 yrs -¥26bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Sep 2016	-15.2	n/a	Cons. · Japanese GAAP
FYE Sep 2017	-20.4	n/a	Cons. · Japanese GAAP
FYE Sep 2018	-22.4	n/a	Cons. · Japanese GAAP
FYE Sep 2019	-18.0	n/a	Cons. · Japanese GAAP
FYE Sep 2020	-16.6	n/a	Cons. · Japanese GAAP
FYE Sep 2021	-28.5	n/a	Cons. · Japanese GAAP
FYE Sep 2022	-31.4	n/a	Cons. · Japanese GAAP
FYE Sep 2023	-40.3	n/a	Cons. · Japanese GAAP
FYE Sep 2024	-38.3	n/a	Cons. · Japanese GAAP
FYE Sep 2025	-30.8	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 Sep 2025 -¥34bn

Average · 10 yrs ¥3.8bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Sep 2016	0.5	n/a	Cons. · Japanese GAAP
FYE Sep 2017	-7.2	−1696.7%	Cons. · Japanese GAAP
FYE Sep 2018	39.7	n/a	Cons. · Japanese GAAP
FYE Sep 2019	-4.7	−111.7%	Cons. · Japanese GAAP
FYE Sep 2020	-2.6	n/a	Cons. · Japanese GAAP
FYE Sep 2021	0.4	n/a	Cons. · Japanese GAAP
FYE Sep 2022	-2.8	−848.9%	Cons. · Japanese GAAP
FYE Sep 2023	53.5	n/a	Cons. · Japanese GAAP
FYE Sep 2024	-5.2	−109.7%	Cons. · Japanese GAAP
FYE Sep 2025	-33.9	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 Sep 2025 ¥226bn

CAGR · 10 yrs +17.8%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Sep 2016	51.8	n/a	Cons. · Japanese GAAP
FYE Sep 2017	46.6	−10.0%	Cons. · Japanese GAAP
FYE Sep 2018	92.4	+98.2%	Cons. · Japanese GAAP
FYE Sep 2019	84.6	−8.5%	Cons. · Japanese GAAP
FYE Sep 2020	102	+21.1%	Cons. · Japanese GAAP
FYE Sep 2021	184	+79.8%	Cons. · Japanese GAAP
FYE Sep 2022	168	−8.7%	Cons. · Japanese GAAP
FYE Sep 2023	202	+20.1%	Cons. · Japanese GAAP
FYE Sep 2024	211	+4.6%	Cons. · Japanese GAAP
FYE Sep 2025	226	+7.1%	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 Sep 2025 ¥49bn

CAGR · 10 yrs +15.8%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Sep 2016	13.0	n/a	Cons. · Japanese GAAP
FYE Sep 2017	1.2	−90.6%	Cons. · Japanese GAAP
FYE Sep 2018	6.0	+387.3%	Cons. · Japanese GAAP
FYE Sep 2019	-3.1	−151.5%	Cons. · Japanese GAAP
FYE Sep 2020	20.4	n/a	Cons. · Japanese GAAP
FYE Sep 2021	81.1	+297.3%	Cons. · Japanese GAAP
FYE Sep 2022	-13.5	−116.6%	Cons. · Japanese GAAP
FYE Sep 2023	-19.5	n/a	Cons. · Japanese GAAP
FYE Sep 2024	14.9	n/a	Cons. · Japanese GAAP
FYE Sep 2025	48.7	+226.8%	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 Sep 2025 9.1%

Average · 10 yrs 7.0%

Fiscal year	OCF margin %	YoY	Basis
FYE Sep 2016	9.1	n/a	Cons. · Japanese GAAP
FYE Sep 2017	5.8	−3.3pp	Cons. · Japanese GAAP
FYE Sep 2018	6.8	+0.9pp	Cons. · Japanese GAAP
FYE Sep 2019	3.3	−3.5pp	Cons. · Japanese GAAP
FYE Sep 2020	7.7	+4.4pp	Cons. · Japanese GAAP
FYE Sep 2021	16.5	+8.7pp	Cons. · Japanese GAAP
FYE Sep 2022	2.5	−13.9pp	Cons. · Japanese GAAP
FYE Sep 2023	2.9	+0.4pp	Cons. · Japanese GAAP
FYE Sep 2024	6.6	+3.8pp	Cons. · Japanese GAAP
FYE Sep 2025	9.1	+2.5pp	Cons. · Japanese GAAP

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

Net cash

FYE Sep 2025 ¥173bn

CAGR · 10 yrs +14.6%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Sep 2016	50.8	n/a	Cons. · Japanese GAAP
FYE Sep 2017	45.5	−10.5%	Cons. · Japanese GAAP
FYE Sep 2018	91.4	+100.9%	Cons. · Japanese GAAP
FYE Sep 2019	83.5	−8.6%	Cons. · Japanese GAAP
FYE Sep 2020	101	+21.2%	Cons. · Japanese GAAP
FYE Sep 2021	182	+79.6%	Cons. · Japanese GAAP
FYE Sep 2022	162	−11.0%	Cons. · Japanese GAAP
FYE Sep 2023	155	−4.1%	Cons. · Japanese GAAP
FYE Sep 2024	165	+6.1%	Cons. · Japanese GAAP
FYE Sep 2025	173	+5.0%	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 Sep 2025 ¥900bn

Change · 10 yrs +¥522bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Sep 2016	378	n/a
FYE Sep 2017	415	n/a
FYE Sep 2018	764	n/a
FYE Sep 2019	524	n/a
FYE Sep 2020	818	n/a
FYE Sep 2021	1,095	n/a
FYE Sep 2022	616	n/a
FYE Sep 2023	408	n/a
FYE Sep 2024	516	n/a
FYE Sep 2025	900	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 Sep 2025 1,776¥

Change · 10 yrs −4,207¥

Fiscal year	Share price ¥	Basis
FYE Sep 2016	5,984	n/a
FYE Sep 2017	3,280	n/a
FYE Sep 2018	6,047	n/a
FYE Sep 2019	4,147	n/a
FYE Sep 2020	6,469	n/a
FYE Sep 2021	2,166	n/a
FYE Sep 2022	1,218	n/a
FYE Sep 2023	806	n/a
FYE Sep 2024	1,019	n/a
FYE Sep 2025	1,776	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 Sep 2025 506,779,600shares

Change · 10 yrs +443,566,300 shares

Fiscal year	Shares outstanding shares	Basis
FYE Sep 2016	63,213,300	Parent
FYE Sep 2017	126,426,600	Parent
FYE Sep 2018	126,426,600	Parent
FYE Sep 2019	126,426,600	Parent
FYE Sep 2020	126,426,600	Parent
FYE Sep 2021	505,706,400	Parent
FYE Sep 2022	505,924,000	Parent
FYE Sep 2023	506,191,200	Parent
FYE Sep 2024	506,344,400	Parent
FYE Sep 2025	506,779,600	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 Sep 2025 62.52¥

Change · 10 yrs −45.84¥

Fiscal year	EPS ¥	Basis
FYE Sep 2016	108.36	Cons.
FYE Sep 2017	8.00	Cons.
FYE Sep 2018	9.63	Cons.
FYE Sep 2019	3.36	Cons.
FYE Sep 2020	13.10	Cons.
FYE Sep 2021	81.68	Cons.
FYE Sep 2022	45.29	Cons.
FYE Sep 2023	6.99	Cons.
FYE Sep 2024	31.56	Cons.
FYE Sep 2025	62.52	Cons.

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

BPS book value per share

FYE Sep 2025 362.59¥

Change · 10 yrs −865.90¥

Fiscal year	BPS ¥	Basis
FYE Sep 2016	1,228.49	Cons. · Japanese GAAP
FYE Sep 2017	630.22	Cons. · Japanese GAAP
FYE Sep 2018	652.91	Cons. · Japanese GAAP
FYE Sep 2019	633.52	Cons. · Japanese GAAP
FYE Sep 2020	715.89	Cons. · Japanese GAAP
FYE Sep 2021	256.77	Cons. · Japanese GAAP
FYE Sep 2022	285.30	Cons. · Japanese GAAP
FYE Sep 2023	282.61	Cons. · Japanese GAAP
FYE Sep 2024	312.59	Cons. · Japanese GAAP
FYE Sep 2025	362.59	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Sep 2025 28.41×

Average · 10 yrs 94.86×

Fiscal year	PER ×	Basis
FYE Sep 2016	27.61	Cons.
FYE Sep 2017	102.50	Cons.
FYE Sep 2018	156.98	Cons.
FYE Sep 2019	308.55	Cons.
FYE Sep 2020	123.45	Cons.
FYE Sep 2021	26.52	Cons.
FYE Sep 2022	26.89	Cons.
FYE Sep 2023	115.35	Cons.
FYE Sep 2024	32.30	Cons.
FYE Sep 2025	28.41	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 Sep 2025 5.00×

Average · 10 yrs 5.92×

Fiscal year	PBR ×	Basis
FYE Sep 2016	4.88	Cons.
FYE Sep 2017	5.23	Cons.
FYE Sep 2018	9.33	Cons.
FYE Sep 2019	6.60	Cons.
FYE Sep 2020	9.11	Cons.
FYE Sep 2021	8.52	Cons.
FYE Sep 2022	4.32	Cons.
FYE Sep 2023	2.90	Cons.
FYE Sep 2024	3.32	Cons.
FYE Sep 2025	5.00	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 Sep 2025 8,150people

Change · 10 yrs +4,292 people

Fiscal year	Group employees people	YoY	Basis
FYE Sep 2016	3,858	n/a	Cons.
FYE Sep 2017	4,416	+14.5%	Cons.
FYE Sep 2018	4,853	+9.9%	Cons.
FYE Sep 2019	5,139	+5.9%	Cons.
FYE Sep 2020	5,344	+4.0%	Cons.
FYE Sep 2021	5,944	+11.2%	Cons.
FYE Sep 2022	6,337	+6.6%	Cons.
FYE Sep 2023	7,251	+14.4%	Cons.
FYE Sep 2024	7,720	+6.5%	Cons.
FYE Sep 2025	8,150	+5.6%	Cons.

Definition: Everyone employed across the group
Formula: Consolidated headcount, from the employee section of the filing
Source: Securities report (XBRL)

Parent-company employees

FYE Sep 2025 2,588people

Change · 10 yrs +1,016 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Sep 2016	1,572	n/a	Parent
FYE Sep 2017	1,500	−4.6%	Parent
FYE Sep 2018	1,540	+2.7%	Parent
FYE Sep 2019	1,589	+3.2%	Parent
FYE Sep 2020	1,587	−0.1%	Parent
FYE Sep 2021	1,702	+7.2%	Parent
FYE Sep 2022	1,977	+16.2%	Parent
FYE Sep 2023	2,225	+12.5%	Parent
FYE Sep 2024	2,364	+6.2%	Parent
FYE Sep 2025	2,588	+9.5%	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 Sep 2025 ¥9.1m

Change · 10 yrs +¥1.3m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Sep 2016	7.8	n/a	Parent
FYE Sep 2017	7.0	−9.8%	Parent
FYE Sep 2018	7.1	+0.8%	Parent
FYE Sep 2019	6.8	−3.9%	Parent
FYE Sep 2020	7.3	+7.6%	Parent
FYE Sep 2021	7.7	+5.1%	Parent
FYE Sep 2022	8.2	+6.0%	Parent
FYE Sep 2023	8.1	−1.3%	Parent
FYE Sep 2024	8.8	+9.4%	Parent
FYE Sep 2025	9.1	+3.6%	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 Sep 2025 33.8years

Change · 7 yrs +1.2 years

Fiscal year	Average age years	YoY	Basis
FYE Sep 2016	n/a	n/a	Parent
FYE Sep 2017	n/a	n/a	Parent
FYE Sep 2018	n/a	n/a	Parent
FYE Sep 2019	32.6	n/a	Parent
FYE Sep 2020	33.2	+1.8%	Parent
FYE Sep 2021	34.1	+2.7%	Parent
FYE Sep 2022	34.2	+0.3%	Parent
FYE Sep 2023	33.3	−2.6%	Parent
FYE Sep 2024	33.7	+1.2%	Parent
FYE Sep 2025	33.8	+0.3%	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 Sep 2025 6.5years

Change · 10 yrs +1.6 years

Fiscal year	Average length of service years	YoY	Basis
FYE Sep 2016	4.9	n/a	Parent
FYE Sep 2017	5.1	+4.1%	Parent
FYE Sep 2018	5.2	+2.0%	Parent
FYE Sep 2019	5.4	+3.8%	Parent
FYE Sep 2020	6.0	+11.1%	Parent
FYE Sep 2021	6.3	+5.0%	Parent
FYE Sep 2022	6.1	−3.2%	Parent
FYE Sep 2023	5.9	−3.3%	Parent
FYE Sep 2024	6.4	+8.5%	Parent
FYE Sep 2025	6.5	+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)

Temporary employees

FYE Sep 2025 3,448people

Change · 10 yrs +1,354 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Sep 2016	2,094	n/a	n/a
FYE Sep 2017	2,457	+17.3%	n/a
FYE Sep 2018	2,885	+17.4%	n/a
FYE Sep 2019	3,284	+13.8%	n/a
FYE Sep 2020	3,104	−5.5%	n/a
FYE Sep 2021	3,383	+9.0%	n/a
FYE Sep 2022	3,864	+14.2%	n/a
FYE Sep 2023	4,249	+10.0%	n/a
FYE Sep 2024	3,930	−7.5%	n/a
FYE Sep 2025	3,448	−12.3%	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 Sep 2025 ¥107m

Change · 10 yrs +¥26.7m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Sep 2016	80.5	n/a	Cons.
FYE Sep 2017	84.1	+4.4%	Cons.
FYE Sep 2018	86.4	+2.8%	Cons.
FYE Sep 2019	88.3	+2.1%	Cons.
FYE Sep 2020	89.6	+1.5%	Cons.
FYE Sep 2021	112	+25.1%	Cons.
FYE Sep 2022	112	−0.0%	Cons.
FYE Sep 2023	99.3	−11.3%	Cons.
FYE Sep 2024	104	+4.5%	Cons.
FYE Sep 2025	107	+3.3%	Cons.

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

Operating profit per employee

FYE Sep 2025 ¥8.8m

Change · 10 yrs −¥0.7m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Sep 2016	9.5	n/a	Cons.
FYE Sep 2017	7.0	−27.1%	Cons.
FYE Sep 2018	6.2	−10.6%	Cons.
FYE Sep 2019	6.0	−3.5%	Cons.
FYE Sep 2020	6.3	+5.7%	Cons.
FYE Sep 2021	17.6	+177.0%	Cons.
FYE Sep 2022	10.9	−37.9%	Cons.
FYE Sep 2023	3.4	−68.9%	Cons.
FYE Sep 2024	5.2	+53.3%	Cons.
FYE Sep 2025	8.8	+69.4%	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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