Financials

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

FYE Mar 2026 · Revenue¥1.12tnYoY +32.7%

FYE Mar 2026 · Operating profit¥76bnYoY +60.8%

FYE Mar 2026 · Net profit¥77bnYoY +136.2%

FYE Mar 2026 · Equity ratio28.5%YoY −5.7pp

FYE Mar 2026 · Group employees13,837YoY +5,761

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥423bn	n/a	¥23bn	n/a	5.5%	¥24bn	—	Airport and road concessions; Maeda Soji becomes president
FYE Mar 2018Consolidated	¥468bn	+10.7%	¥35bn	+53.2%	7.6%	¥23bn	—	Infrastructure operation disclosed as a segment
FYE Mar 2019Consolidated	¥492bn	+5.2%	¥36bn	+1.6%	7.3%	¥24bn	—	—
FYE Mar 2020Consolidated	¥488bn	−0.9%	¥34bn	−5.3%	7.0%	¥14bn	—	—
FYE Mar 2021Consolidated	¥678bn	+39.0%	¥46bn	+36.1%	6.8%	¥23bn	—	Hostile tender for Maeda Road; consolidated at 51%
FYE Mar 2022Consolidated	¥683bn	+0.7%	¥37bn	−19.1%	5.5%	¥27bn	Kibe Kazunari	Infroneer Holdings established; three companies delisted
FYE Mar 2023Consolidated	¥712bn	+4.2%	¥44bn	+18.5%	6.2%	¥36bn	Kibe Kazunari	Medium-term Vision 2024 — buybacks and cross-shareholding cuts
FYE Mar 2024Consolidated	¥793bn	+11.4%	¥51bn	+15.0%	6.4%	¥27bn	Kibe Kazunari	—
FYE Mar 2025Consolidated	¥848bn	+6.8%	¥47bn	−7.7%	5.6%	¥32bn	Kibe Kazunari	Japan Wind Development acquired for about ¥200bn
FYE Mar 2026Consolidated	¥1.12tn	+32.7%	¥76bn	+60.8%	6.7%	¥77bn	Kibe Kazunari	Tender offer for Sumitomo Mitsui Construction; Vision 2027

How it compares

Haseko¥1.27tnFY2025Operating margin 7.8%

Infroneer Holdings¥1.12tnFY2025Operating margin 6.7%

Penta-Ocean¥794bnFY2025Operating margin 7.0%

Todakensetsu¥646bnFY2025Operating margin 5.9%

Hazama Ando¥440bnFY2025Operating margin 7.6%

Takamatsukonsutorakushongurupu¥347bnFY2024Operating margin 3.3%

Touakensetsukougyou¥330bnFY2024Operating margin 6.2%

Toukyuukensetsu¥293bnFY2024Operating margin 3.0%

Fukudagumi¥168bnFY2025Operating margin 4.6%

Asanumagumi¥167bnFY2024Operating margin 4.1%

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 ¥1.12tn

CAGR · 10 yrs +11.5%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	423	n/a	Cons. · Japanese GAAP
FYE Mar 2018	468	+10.7%	Cons. · Japanese GAAP
FYE Mar 2019	492	+5.2%	Cons. · Japanese GAAP
FYE Mar 2020	488	−0.9%	Cons. · Japanese GAAP
FYE Mar 2021	678	+39.0%	Cons. · Japanese GAAP
FYE Mar 2022	683	+0.7%	Cons. · Japanese GAAP
FYE Mar 2023	712	+4.2%	Cons. · Japanese GAAP
FYE Mar 2024	793	moved to IFRS	Cons. · IFRS
FYE Mar 2025	848	+6.8%	Cons. · IFRS
FYE Mar 2026	1,125	+32.7%	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 ¥961bn

CAGR · 10 yrs +11.0%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	375	n/a	Cons. · Japanese GAAP
FYE Mar 2018	406	+8.3%	Cons. · Japanese GAAP
FYE Mar 2019	427	+5.2%	Cons. · Japanese GAAP
FYE Mar 2020	420	−1.6%	Cons. · Japanese GAAP
FYE Mar 2021	581	+38.3%	Cons. · Japanese GAAP
FYE Mar 2022	591	+1.7%	Cons. · Japanese GAAP
FYE Mar 2023	614	+3.9%	Cons. · Japanese GAAP
FYE Mar 2024	681	moved to IFRS	Cons. · IFRS
FYE Mar 2025	732	+7.4%	Cons. · IFRS
FYE Mar 2026	961	+31.3%	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 ¥164bn

CAGR · 10 yrs +14.7%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	47.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	61.8	+29.6%	Cons. · Japanese GAAP
FYE Mar 2019	65.2	+5.5%	Cons. · Japanese GAAP
FYE Mar 2020	67.6	+3.7%	Cons. · Japanese GAAP
FYE Mar 2021	96.8	+43.2%	Cons. · Japanese GAAP
FYE Mar 2022	91.6	−5.3%	Cons. · Japanese GAAP
FYE Mar 2023	97.7	+6.7%	Cons. · Japanese GAAP
FYE Mar 2024	112	moved to IFRS	Cons. · IFRS
FYE Mar 2025	116	+3.2%	Cons. · IFRS
FYE Mar 2026	164	+41.9%	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 ¥94bn

CAGR · 10 yrs +16.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	24.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	26.4	+7.5%	Cons. · Japanese GAAP
FYE Mar 2019	29.2	+10.7%	Cons. · Japanese GAAP
FYE Mar 2020	33.5	+14.8%	Cons. · Japanese GAAP
FYE Mar 2021	50.4	+50.4%	Cons. · Japanese GAAP
FYE Mar 2022	54.1	+7.4%	Cons. · Japanese GAAP
FYE Mar 2023	52.3	−3.3%	Cons. · Japanese GAAP
FYE Mar 2024	62.1	moved to IFRS	Cons. · IFRS
FYE Mar 2025	68.3	+10.0%	Cons. · IFRS
FYE Mar 2026	94.2	+37.8%	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 ¥76bn

CAGR · 10 yrs +14.1%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	23.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.4	+53.2%	Cons. · Japanese GAAP
FYE Mar 2019	35.9	+1.6%	Cons. · Japanese GAAP
FYE Mar 2020	34.0	−5.3%	Cons. · Japanese GAAP
FYE Mar 2021	46.3	+36.1%	Cons. · Japanese GAAP
FYE Mar 2022	37.5	−19.1%	Cons. · Japanese GAAP
FYE Mar 2023	44.4	+18.5%	Cons. · Japanese GAAP
FYE Mar 2024	51.1	moved to IFRS	Cons. · IFRS
FYE Mar 2025	47.1	−7.7%	Cons. · IFRS
FYE Mar 2026	75.8	+60.8%	Cons. · IFRS

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

Non-operating income

FYE Mar 2026 ¥40bn

CAGR · 10 yrs +21.2%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.9	−29.5%	Cons. · Japanese GAAP
FYE Mar 2019	5.3	+8.0%	Cons. · Japanese GAAP
FYE Mar 2020	7.1	+33.4%	Cons. · Japanese GAAP
FYE Mar 2021	3.9	−45.2%	Cons. · Japanese GAAP
FYE Mar 2022	4.1	+4.3%	Cons. · Japanese GAAP
FYE Mar 2023	2.9	−27.9%	Cons. · Japanese GAAP
FYE Mar 2024	3.0	moved to IFRS	Cons. · IFRS
FYE Mar 2025	10.5	+244.8%	Cons. · IFRS
FYE Mar 2026	39.7	+277.9%	Cons. · IFRS

Definition: Income from outside the core business
Formula: Non-operating income line of the income statement
Source: Securities report (XBRL)

Non-operating expenses

FYE Mar 2026 ¥8.2bn

CAGR · 10 yrs +12.9%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	2.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.3	+20.3%	Cons. · Japanese GAAP
FYE Mar 2019	2.9	−11.8%	Cons. · Japanese GAAP
FYE Mar 2020	4.6	+56.5%	Cons. · Japanese GAAP
FYE Mar 2021	4.6	+0.2%	Cons. · Japanese GAAP
FYE Mar 2022	3.5	−23.0%	Cons. · Japanese GAAP
FYE Mar 2023	2.6	−25.9%	Cons. · Japanese GAAP
FYE Mar 2024	4.7	moved to IFRS	Cons. · IFRS
FYE Mar 2025	7.9	+69.2%	Cons. · IFRS
FYE Mar 2026	8.2	+4.4%	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 · 7 yrs +7.3%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	27.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	37.0	+35.3%	Cons. · Japanese GAAP
FYE Mar 2019	38.4	+3.6%	Cons. · Japanese GAAP
FYE Mar 2020	36.6	−4.6%	Cons. · Japanese GAAP
FYE Mar 2021	45.7	+24.8%	Cons. · Japanese GAAP
FYE Mar 2022	38.0	−16.7%	Cons. · Japanese GAAP
FYE Mar 2023	41.8	+9.8%	Cons. · Japanese GAAP
FYE Mar 2024	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

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

Extraordinary income

FYE Mar 2026 n/a

CAGR · 7 yrs +43.5%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	1.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.5	−66.3%	Cons. · Japanese GAAP
FYE Mar 2019	1.1	+122.7%	Cons. · Japanese GAAP
FYE Mar 2020	0.5	−57.5%	Cons. · Japanese GAAP
FYE Mar 2021	4.6	+911.4%	Cons. · Japanese GAAP
FYE Mar 2022	8.5	+83.8%	Cons. · Japanese GAAP
FYE Mar 2023	12.5	+47.4%	Cons. · Japanese GAAP
FYE Mar 2024	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2025	n/a	n/a	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)

Extraordinary loss

FYE Mar 2026 n/a

CAGR · 5 yrs +18.1%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Mar 2017	0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.3	+49.2%	Cons. · Japanese GAAP
FYE Mar 2019	3.2	+144.9%	Cons. · Japanese GAAP
FYE Mar 2020	10.6	+229.6%	Cons. · Japanese GAAP
FYE Mar 2021	1.7	−83.9%	Cons. · Japanese GAAP
FYE Mar 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

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 ¥77bn

CAGR · 10 yrs +13.8%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	23.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.1	−3.7%	Cons. · Japanese GAAP
FYE Mar 2019	24.0	+3.9%	Cons. · Japanese GAAP
FYE Mar 2020	14.3	−40.1%	Cons. · Japanese GAAP
FYE Mar 2021	23.3	+62.3%	Cons. · Japanese GAAP
FYE Mar 2022	26.7	+14.7%	Cons. · Japanese GAAP
FYE Mar 2023	35.9	+34.4%	Cons. · Japanese GAAP
FYE Mar 2024	27.4	moved to IFRS	Cons. · IFRS
FYE Mar 2025	32.4	+18.3%	Cons. · IFRS
FYE Mar 2026	76.6	+136.2%	Cons. · IFRS

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

Gross margin

FYE Mar 2026 14.6%

Average · 10 yrs 13.5%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	11.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.2	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2019	13.2	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	13.8	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	14.3	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	13.4	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	13.7	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	14.1	moved to IFRS	Cons. · IFRS
FYE Mar 2025	13.6	−0.5pp	Cons. · IFRS
FYE Mar 2026	14.6	+0.9pp	Cons. · IFRS

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

Operating margin

FYE Mar 2026 6.7%

Average · 10 yrs 6.5%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	5.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.6	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2019	7.3	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	7.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	6.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	5.5	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2023	6.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	6.4	moved to IFRS	Cons. · IFRS
FYE Mar 2025	5.6	−0.9pp	Cons. · IFRS
FYE Mar 2026	6.7	+1.2pp	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 · 7 yrs 6.8%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.9	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	7.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	7.5	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	6.7	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	5.6	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	5.9	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

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

Net margin

FYE Mar 2026 6.8%

Average · 10 yrs 4.5%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	5.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.9	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	4.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	2.9	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2021	3.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	3.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	5.0	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	3.5	moved to IFRS	Cons. · IFRS
FYE Mar 2025	3.8	+0.4pp	Cons. · IFRS
FYE Mar 2026	6.8	+3.0pp	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 85.4%

Average · 10 yrs 86.5%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	88.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	86.8	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2019	86.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	86.2	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	85.7	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	86.6	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	86.3	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	85.9	moved to IFRS	Cons. · IFRS
FYE Mar 2025	86.4	+0.5pp	Cons. · IFRS
FYE Mar 2026	85.4	−0.9pp	Cons. · IFRS

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

SG&A ratio

FYE Mar 2026 8.4%

Average · 10 yrs 7.1%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	5.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.6	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	5.9	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	6.9	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	7.4	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	7.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	7.4	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	7.8	moved to IFRS	Cons. · IFRS
FYE Mar 2025	8.1	+0.2pp	Cons. · IFRS
FYE Mar 2026	8.4	+0.3pp	Cons. · IFRS

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio Debt-to-equity

Total assets

FYE Mar 2026 ¥2.02tn

CAGR · 5 yrs +21.6%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	926	n/a	Cons. · Japanese GAAP
FYE Mar 2023	927	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	1,364	moved to IFRS	Cons. · IFRS
FYE Mar 2025	1,451	+6.4%	Cons. · IFRS
FYE Mar 2026	2,023	+39.5%	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 ¥576bn

CAGR · 5 yrs +13.5%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	347	n/a	Cons. · Japanese GAAP
FYE Mar 2023	350	+0.9%	Cons. · Japanese GAAP
FYE Mar 2024	379	moved to IFRS	Cons. · IFRS
FYE Mar 2025	495	+30.6%	Cons. · IFRS
FYE Mar 2026	576	+16.3%	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 ¥573bn

CAGR · 5 yrs +42.9%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	137	n/a	Cons. · Japanese GAAP
FYE Mar 2023	167	+21.5%	Cons. · Japanese GAAP
FYE Mar 2024	482	moved to IFRS	Cons. · IFRS
FYE Mar 2025	395	−17.9%	Cons. · IFRS
FYE Mar 2026	573	+45.1%	Cons. · IFRS

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

Short-term borrowings

FYE Mar 2026 ¥158bn

CAGR · 5 yrs +17.0%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	84.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	36.7	−56.6%	Cons. · Japanese GAAP
FYE Mar 2024	342	moved to IFRS	Cons. · IFRS
FYE Mar 2025	60.2	−82.4%	Cons. · IFRS
FYE Mar 2026	158	+163.3%	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 ¥415bn

CAGR · 5 yrs +67.4%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	52.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	54.9	+3.9%	Cons. · Japanese GAAP
FYE Mar 2024	139	moved to IFRS	Cons. · IFRS
FYE Mar 2025	335	+140.2%	Cons. · IFRS
FYE Mar 2026	415	+23.8%	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 ¥228bn

CAGR · 5 yrs +7.8%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	169	n/a	Cons. · Japanese GAAP
FYE Mar 2023	155	−8.4%	Cons. · Japanese GAAP
FYE Mar 2024	243	moved to IFRS	Cons. · IFRS
FYE Mar 2025	234	−3.6%	Cons. · IFRS
FYE Mar 2026	228	−2.6%	Cons. · IFRS

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

Goodwill

FYE Mar 2026 ¥176bn

CAGR · 5 yrs +72.5%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	19.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	19.9	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	159	moved to IFRS	Cons. · IFRS
FYE Mar 2025	159	−0.3%	Cons. · IFRS
FYE Mar 2026	176	+11.1%	Cons. · IFRS

Definition: What an acquisition cost above the net assets it brought
Formula: Goodwill line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Mar 2026 28.5%

Average · 5 yrs 33.1%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	37.4	n/a	Cons. · Japanese GAAP
FYE Mar 2023	37.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	27.8	moved to IFRS	Cons. · IFRS
FYE Mar 2025	34.1	+6.3pp	Cons. · IFRS
FYE Mar 2026	28.5	−5.7pp	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 99.5%

Average · 5 yrs 78.7%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	39.6	n/a	Cons. · Japanese GAAP
FYE Mar 2023	47.7	+8.1pp	Cons. · Japanese GAAP
FYE Mar 2024	127.0	moved to IFRS	Cons. · IFRS
FYE Mar 2025	79.8	−47.2pp	Cons. · IFRS
FYE Mar 2026	99.5	+19.8pp	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 13.3%

Average · 5 yrs 9.0%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	n/a	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	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	10.2	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2024	7.2	moved to IFRS	Cons. · IFRS
FYE Mar 2025	6.5	−0.7pp	Cons. · IFRS
FYE Mar 2026	13.3	+6.8pp	Cons. · IFRS

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

ROA return on assets

FYE Mar 2026 3.8%

Average · 5 yrs 3.0%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	n/a	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	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	2.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	3.9	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	2.0	moved to IFRS	Cons. · IFRS
FYE Mar 2025	2.2	+0.2pp	Cons. · IFRS
FYE Mar 2026	3.8	+1.6pp	Cons. · IFRS

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

Asset turnover

FYE Mar 2026 0.56×

CAGR · 5 yrs −6.8%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	n/a	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	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	0.74	n/a	Cons. · Japanese GAAP
FYE Mar 2023	0.77	+4.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.58	moved to IFRS	Cons. · IFRS
FYE Mar 2025	0.58	+0.4%	Cons. · IFRS
FYE Mar 2026	0.56	−4.8%	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 ¥186bn

Average · 5 yrs ¥58bn

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	-16.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	71.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	11.4	moved to IFRS	Cons. · IFRS
FYE Mar 2025	39.6	+248.3%	Cons. · IFRS
FYE Mar 2026	186	+370.4%	Cons. · IFRS

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

Investing cash flow

FYE Mar 2026 -¥33bn

Average · 5 yrs -¥70bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	-22.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-5.3	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-261	moved to IFRS	Cons. · IFRS
FYE Mar 2025	-27.5	n/a	Cons. · IFRS
FYE Mar 2026	-32.8	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 ¥87bn

CAGR · 5 yrs +54.3%

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	15.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-56.4	−468.8%	Cons. · Japanese GAAP
FYE Mar 2024	272	moved to IFRS	Cons. · IFRS
FYE Mar 2025	-4.9	−101.8%	Cons. · IFRS
FYE Mar 2026	86.7	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 ¥361bn

CAGR · 5 yrs +47.6%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	76.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	86.0	+13.2%	Cons. · Japanese GAAP
FYE Mar 2024	109	moved to IFRS	Cons. · IFRS
FYE Mar 2025	120	+9.7%	Cons. · IFRS
FYE Mar 2026	361	+202.1%	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 ¥154bn

Average · 5 yrs -¥11bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	-38.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	65.7	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-250	moved to IFRS	Cons. · IFRS
FYE Mar 2025	12.1	n/a	Cons. · IFRS
FYE Mar 2026	154	+1168.4%	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 16.6%

Average · 5 yrs 6.0%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	-2.4	n/a	Cons. · Japanese GAAP
FYE Mar 2023	10.0	+12.4pp	Cons. · Japanese GAAP
FYE Mar 2024	1.4	moved to IFRS	Cons. · IFRS
FYE Mar 2025	4.7	+3.2pp	Cons. · IFRS
FYE Mar 2026	16.6	+11.9pp	Cons. · IFRS

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

Net cash

FYE Mar 2026 -¥212bn

Average · 5 yrs -¥201bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	-61.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-80.9	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-373	moved to IFRS	Cons. · IFRS
FYE Mar 2025	-276	n/a	Cons. · IFRS
FYE Mar 2026	-212	n/a	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 ¥593bn

Change · 5 yrs +¥289bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	n/a	n/a
FYE Mar 2018	n/a	n/a
FYE Mar 2019	n/a	n/a
FYE Mar 2020	n/a	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	303	n/a
FYE Mar 2023	281	n/a
FYE Mar 2024	398	n/a
FYE Mar 2025	331	n/a
FYE Mar 2026	593	n/a

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

Share price year-end close

FYE Mar 2026 2,157¥

Change · 5 yrs +1,115¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	n/a	n/a
FYE Mar 2018	n/a	n/a
FYE Mar 2019	n/a	n/a
FYE Mar 2020	n/a	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	1,042	n/a
FYE Mar 2023	1,022	n/a
FYE Mar 2024	1,449	n/a
FYE Mar 2025	1,204	n/a
FYE Mar 2026	2,157	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 274,845,000shares

Change · 5 yrs −16,225,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	n/a	Parent
FYE Mar 2018	n/a	Parent
FYE Mar 2019	n/a	Parent
FYE Mar 2020	n/a	Parent
FYE Mar 2021	n/a	Parent
FYE Mar 2022	291,070,000	Parent
FYE Mar 2023	274,845,000	Parent
FYE Mar 2024	274,845,000	Parent
FYE Mar 2025	274,845,000	Parent
FYE Mar 2026	274,845,000	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 295.46¥

Change · 5 yrs +200.73¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	n/a	Cons.
FYE Mar 2018	n/a	Cons.
FYE Mar 2019	n/a	Cons.
FYE Mar 2020	n/a	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	94.73	Cons.
FYE Mar 2023	129.35	Cons.
FYE Mar 2024	130.51	Cons.
FYE Mar 2025	124.15	Cons.
FYE Mar 2026	295.46	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 2,095.63¥

Change · 5 yrs +903.78¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	n/a	n/a
FYE Mar 2018	n/a	n/a
FYE Mar 2019	n/a	n/a
FYE Mar 2020	n/a	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	1,191.85	Cons. · Japanese GAAP
FYE Mar 2023	1,273.46	Cons. · Japanese GAAP
FYE Mar 2024	1,379.95	Cons. · IFRS
FYE Mar 2025	1,802.56	Cons. · IFRS
FYE Mar 2026	2,095.63	Cons. · IFRS

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

PER price-to-earnings ratio

FYE Mar 2026 7.30×

Average · 5 yrs 9.40×

Fiscal year	PER ×	Basis
FYE Mar 2017	n/a	Cons.
FYE Mar 2018	n/a	Cons.
FYE Mar 2019	n/a	Cons.
FYE Mar 2020	n/a	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	11.00	Cons.
FYE Mar 2023	7.90	Cons.
FYE Mar 2024	11.10	Cons.
FYE Mar 2025	9.70	Cons.
FYE Mar 2026	7.30	Cons.

Definition: How many years of earnings the price stands for
Formula: Year-end price ÷ EPS
Source: Securities report (XBRL)

PBR price-to-book ratio

FYE Mar 2026 1.07×

Average · 5 yrs 0.83×

Fiscal year	PBR ×	Basis
FYE Mar 2017	n/a	Cons.
FYE Mar 2018	n/a	Cons.
FYE Mar 2019	n/a	Cons.
FYE Mar 2020	n/a	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	0.78	Cons.
FYE Mar 2023	0.71	Cons.
FYE Mar 2024	0.89	Cons.
FYE Mar 2025	0.72	Cons.
FYE Mar 2026	1.07	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 13,837people

Change · 5 yrs +6,688 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons.
FYE Mar 2018	n/a	n/a	Cons.
FYE Mar 2019	n/a	n/a	Cons.
FYE Mar 2020	n/a	n/a	Cons.
FYE Mar 2021	n/a	n/a	Cons.
FYE Mar 2022	7,149	n/a	Cons.
FYE Mar 2023	7,652	+7.0%	Cons.
FYE Mar 2024	8,037	+5.0%	Cons.
FYE Mar 2025	8,076	+0.5%	Cons.
FYE Mar 2026	13,837	+71.3%	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 96people

Change · 5 yrs +27 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	n/a	n/a	Parent
FYE Mar 2020	n/a	n/a	Parent
FYE Mar 2021	n/a	n/a	Parent
FYE Mar 2022	69	n/a	Parent
FYE Mar 2023	78	+13.0%	Parent
FYE Mar 2024	83	+6.4%	Parent
FYE Mar 2025	102	+22.9%	Parent
FYE Mar 2026	96	−5.9%	Parent

Definition: Employees of the filing company itself
Formula: Parent-only headcount, from the employee section of the filing
Source: Securities report (XBRL)

Average annual pay parent company

FYE Mar 2026 1,189万円

Change · 5 yrs +206万円

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	n/a	n/a	Parent
FYE Mar 2020	n/a	n/a	Parent
FYE Mar 2021	n/a	n/a	Parent
FYE Mar 2022	983	n/a	Parent
FYE Mar 2023	967	−1.6%	Parent
FYE Mar 2024	1,099	+13.7%	Parent
FYE Mar 2025	1,106	+0.6%	Parent
FYE Mar 2026	1,189	+7.5%	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 43.2years

Change · 5 yrs +3.6 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	n/a	n/a	Parent
FYE Mar 2020	n/a	n/a	Parent
FYE Mar 2021	n/a	n/a	Parent
FYE Mar 2022	39.6	n/a	Parent
FYE Mar 2023	40.4	+2.0%	Parent
FYE Mar 2024	41.9	+3.7%	Parent
FYE Mar 2025	42.8	+2.1%	Parent
FYE Mar 2026	43.2	+0.9%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Mar 2026 13.4years

Change · 5 yrs −1.7 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	n/a	n/a	Parent
FYE Mar 2020	n/a	n/a	Parent
FYE Mar 2021	n/a	n/a	Parent
FYE Mar 2022	15.1	n/a	Parent
FYE Mar 2023	14.8	−2.0%	Parent
FYE Mar 2024	14.8	−0.0%	Parent
FYE Mar 2025	14.2	−4.1%	Parent
FYE Mar 2026	13.4	−5.6%	Parent

Definition: How long the average employee has been with the company
Formula: Average years of service, from the employee section of the filing
Source: Securities report (XBRL)

Temporary employees

FYE Mar 2026 2,432people

Change · 5 yrs +1,897 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	535	n/a	n/a
FYE Mar 2023	549	+2.6%	n/a
FYE Mar 2024	656	+19.5%	n/a
FYE Mar 2025	892	+36.0%	n/a
FYE Mar 2026	2,432	+172.6%	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 ¥81.3m

Change · 5 yrs −¥14.2m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons.
FYE Mar 2018	n/a	n/a	Cons.
FYE Mar 2019	n/a	n/a	Cons.
FYE Mar 2020	n/a	n/a	Cons.
FYE Mar 2021	n/a	n/a	Cons.
FYE Mar 2022	95.5	n/a	Cons.
FYE Mar 2023	93.0	−2.6%	Cons.
FYE Mar 2024	98.7	n/a	Cons.
FYE Mar 2025	105	+6.3%	Cons.
FYE Mar 2026	81.3	−22.5%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥5.5m

Change · 5 yrs +¥0.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons.
FYE Mar 2018	n/a	n/a	Cons.
FYE Mar 2019	n/a	n/a	Cons.
FYE Mar 2020	n/a	n/a	Cons.
FYE Mar 2021	n/a	n/a	Cons.
FYE Mar 2022	5.2	n/a	Cons.
FYE Mar 2023	5.8	+10.7%	Cons.
FYE Mar 2024	6.4	n/a	Cons.
FYE Mar 2025	5.8	−8.1%	Cons.
FYE Mar 2026	5.5	−6.2%	Cons.

Definition: What each employee accounts for in operating profit
Formula: Operating profit ÷ group employees
Source: Securities report (XBRL)

Disclaimer

Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.

Accuracy, liability, reuse and privacy — the full disclaimer →

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