Financials

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

FYE Mar 2026 · Revenue¥737bnYoY +1.8%

FYE Mar 2026 · Operating profit¥54bnYoY +10.9%

FYE Mar 2026 · Net profit¥40bnYoY +230.8%

FYE Mar 2026 · Equity ratio63.8%YoY −0.3pp

FYE Mar 2026 · Group employees30,324YoY −2,644

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥567bn	n/a	¥47bn	n/a	8.4%	¥33bn	Kitamura Madoka	—
FYE Mar 2018Consolidated	¥592bn	+4.4%	¥53bn	+10.9%	8.9%	¥37bn	Kitamura Madoka	One hundred years since the founding
FYE Mar 2019Consolidated	¥586bn	−1.0%	¥40bn	−23.6%	6.9%	¥32bn	Kitamura Madoka	—
FYE Mar 2020Consolidated	¥596bn	+1.8%	¥37bn	−8.5%	6.2%	¥24bn	Kitamura Madoka	<a class="en-history_person" href="/tse/5332/executives/ceo/kiyota-noriaki/" hreflang="ja">Kiyota Noriaki</a> becomes president
FYE Mar 2021Consolidated	¥578bn	−3.1%	¥40bn	+7.9%	6.9%	¥27bn	Kitamura Madoka	—
FYE Mar 2022Consolidated	¥645bn	+11.7%	¥52bn	+31.6%	8.1%	¥40bn	Kiyota Noriaki	—
FYE Mar 2023Consolidated	¥701bn	+8.7%	¥49bn	−5.9%	7.0%	¥39bn	Kiyota Noriaki	—
FYE Mar 2024Consolidated	¥702bn	+0.2%	¥43bn	−12.9%	6.1%	¥37bn	Kiyota Noriaki	—
FYE Mar 2025Consolidated	¥724bn	+3.2%	¥48bn	+13.4%	6.7%	¥12bn	Kiyota Noriaki	—
FYE Mar 2026Consolidated	¥737bn	+1.8%	¥54bn	+10.9%	7.3%	¥40bn	Kiyota Noriaki	—

How it compares

TOTO¥737bnFY2025Operating margin 7.3%

NGK Insulators¥670bnFY2025Operating margin 14.2%

Shinagawarifurakutorizu¥144bnFY2024Operating margin 9.2%

NORITAKE CO., LIMITED¥143bnFY2025Operating margin 7.8%

INAX CorporationDelisted 2001

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 ¥737bn

CAGR · 10 yrs +3.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	567	n/a	Cons. · Japanese GAAP
FYE Mar 2018	592	+4.4%	Cons. · Japanese GAAP
FYE Mar 2019	586	−1.0%	Cons. · Japanese GAAP
FYE Mar 2020	596	+1.8%	Cons. · Japanese GAAP
FYE Mar 2021	578	−3.1%	Cons. · Japanese GAAP
FYE Mar 2022	645	+11.7%	Cons. · Japanese GAAP
FYE Mar 2023	701	+8.7%	Cons. · Japanese GAAP
FYE Mar 2024	702	+0.2%	Cons. · Japanese GAAP
FYE Mar 2025	724	+3.2%	Cons. · Japanese GAAP
FYE Mar 2026	737	+1.8%	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 ¥475bn

CAGR · 10 yrs +3.5%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	348	n/a	Cons. · Japanese GAAP
FYE Mar 2018	368	+5.7%	Cons. · Japanese GAAP
FYE Mar 2019	372	+0.9%	Cons. · Japanese GAAP
FYE Mar 2020	383	+3.1%	Cons. · Japanese GAAP
FYE Mar 2021	367	−4.2%	Cons. · Japanese GAAP
FYE Mar 2022	408	+11.2%	Cons. · Japanese GAAP
FYE Mar 2023	458	+12.2%	Cons. · Japanese GAAP
FYE Mar 2024	463	+1.1%	Cons. · Japanese GAAP
FYE Mar 2025	470	+1.5%	Cons. · Japanese GAAP
FYE Mar 2026	475	+1.0%	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 ¥263bn

CAGR · 10 yrs +2.0%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	219	n/a	Cons. · Japanese GAAP
FYE Mar 2018	224	+2.4%	Cons. · Japanese GAAP
FYE Mar 2019	215	−4.3%	Cons. · Japanese GAAP
FYE Mar 2020	213	−0.5%	Cons. · Japanese GAAP
FYE Mar 2021	211	−1.3%	Cons. · Japanese GAAP
FYE Mar 2022	237	+12.5%	Cons. · Japanese GAAP
FYE Mar 2023	243	+2.6%	Cons. · Japanese GAAP
FYE Mar 2024	239	−1.6%	Cons. · Japanese GAAP
FYE Mar 2025	254	+6.3%	Cons. · Japanese GAAP
FYE Mar 2026	263	+3.3%	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 ¥209bn

CAGR · 10 yrs +2.2%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	171	n/a	Cons. · Japanese GAAP
FYE Mar 2018	172	+0.1%	Cons. · Japanese GAAP
FYE Mar 2019	174	+1.6%	Cons. · Japanese GAAP
FYE Mar 2020	177	+1.3%	Cons. · Japanese GAAP
FYE Mar 2021	171	−3.2%	Cons. · Japanese GAAP
FYE Mar 2022	185	+8.1%	Cons. · Japanese GAAP
FYE Mar 2023	194	+4.9%	Cons. · Japanese GAAP
FYE Mar 2024	196	+1.2%	Cons. · Japanese GAAP
FYE Mar 2025	206	+4.8%	Cons. · Japanese GAAP
FYE Mar 2026	209	+1.6%	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 Mar 2026 ¥54bn

CAGR · 10 yrs +1.4%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	47.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	52.6	+10.9%	Cons. · Japanese GAAP
FYE Mar 2019	40.2	−23.6%	Cons. · Japanese GAAP
FYE Mar 2020	36.8	−8.5%	Cons. · Japanese GAAP
FYE Mar 2021	39.7	+7.9%	Cons. · Japanese GAAP
FYE Mar 2022	52.2	+31.6%	Cons. · Japanese GAAP
FYE Mar 2023	49.1	−5.9%	Cons. · Japanese GAAP
FYE Mar 2024	42.8	−12.9%	Cons. · Japanese GAAP
FYE Mar 2025	48.5	+13.4%	Cons. · Japanese GAAP
FYE Mar 2026	53.8	+10.9%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥10bn

CAGR · 10 yrs +9.5%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	4.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.5	+23.5%	Cons. · Japanese GAAP
FYE Mar 2019	5.8	+5.9%	Cons. · Japanese GAAP
FYE Mar 2020	4.2	−28.1%	Cons. · Japanese GAAP
FYE Mar 2021	4.4	+4.1%	Cons. · Japanese GAAP
FYE Mar 2022	7.0	+61.7%	Cons. · Japanese GAAP
FYE Mar 2023	7.6	+8.0%	Cons. · Japanese GAAP
FYE Mar 2024	10.6	+39.0%	Cons. · Japanese GAAP
FYE Mar 2025	5.8	−45.0%	Cons. · Japanese GAAP
FYE Mar 2026	10.0	+72.4%	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 ¥3.1bn

CAGR · 10 yrs −2.0%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.7	+0.3%	Cons. · Japanese GAAP
FYE Mar 2019	2.9	−23.0%	Cons. · Japanese GAAP
FYE Mar 2020	4.8	+68.8%	Cons. · Japanese GAAP
FYE Mar 2021	3.0	−38.4%	Cons. · Japanese GAAP
FYE Mar 2022	2.3	−21.0%	Cons. · Japanese GAAP
FYE Mar 2023	2.0	−16.4%	Cons. · Japanese GAAP
FYE Mar 2024	1.8	−7.5%	Cons. · Japanese GAAP
FYE Mar 2025	3.9	+116.1%	Cons. · Japanese GAAP
FYE Mar 2026	3.1	−21.2%	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 +2.6%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	48.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	54.4	+12.9%	Cons. · Japanese GAAP
FYE Mar 2019	43.1	−20.7%	Cons. · Japanese GAAP
FYE Mar 2020	36.1	−16.3%	Cons. · Japanese GAAP
FYE Mar 2021	41.0	+13.6%	Cons. · Japanese GAAP
FYE Mar 2022	56.9	+38.6%	Cons. · Japanese GAAP
FYE Mar 2023	54.8	−3.7%	Cons. · Japanese GAAP
FYE Mar 2024	51.5	−5.9%	Cons. · Japanese GAAP
FYE Mar 2025	50.4	−2.2%	Cons. · Japanese GAAP
FYE Mar 2026	60.7	+20.5%	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 ¥15bn

CAGR · 10 yrs +39.7%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.2	−69.4%	Cons. · Japanese GAAP
FYE Mar 2019	2.6	+1058.9%	Cons. · Japanese GAAP
FYE Mar 2020	6.3	+142.4%	Cons. · Japanese GAAP
FYE Mar 2021	0.1	−98.5%	Cons. · Japanese GAAP
FYE Mar 2022	1.9	+1965.2%	Cons. · Japanese GAAP
FYE Mar 2023	9.3	+391.6%	Cons. · Japanese GAAP
FYE Mar 2024	2.7	−70.6%	Cons. · Japanese GAAP
FYE Mar 2025	8.2	+199.3%	Cons. · Japanese GAAP
FYE Mar 2026	14.8	+80.4%	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 n/a

CAGR · 3 yrs −84.9%

Fiscal year	Extraordinary loss ¥ bn	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	2.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	0.9	−62.0%	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	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 ¥40bn

CAGR · 10 yrs +2.2%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	33.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.8	+11.6%	Cons. · Japanese GAAP
FYE Mar 2019	32.4	−12.0%	Cons. · Japanese GAAP
FYE Mar 2020	23.6	−27.2%	Cons. · Japanese GAAP
FYE Mar 2021	27.0	+14.4%	Cons. · Japanese GAAP
FYE Mar 2022	40.1	+48.8%	Cons. · Japanese GAAP
FYE Mar 2023	38.9	−3.0%	Cons. · Japanese GAAP
FYE Mar 2024	37.2	−4.5%	Cons. · Japanese GAAP
FYE Mar 2025	12.2	−67.3%	Cons. · Japanese GAAP
FYE Mar 2026	40.3	+230.8%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 35.6%

Average · 10 yrs 36.1%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	38.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	37.8	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	36.6	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	35.8	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	36.4	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	36.7	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	34.7	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2024	34.0	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	35.1	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	35.6	+0.5pp	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 7.3%

Average · 10 yrs 7.2%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	8.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	6.9	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2020	6.2	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	6.9	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	8.1	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	7.0	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	6.1	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	6.7	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	7.3	+0.6pp	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 8.2%

Average · 10 yrs 7.7%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	8.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.2	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	7.4	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2020	6.1	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	7.1	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	8.8	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2023	7.8	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	7.3	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	7.0	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	8.2	+1.3pp	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 Mar 2026 5.5%

Average · 10 yrs 5.0%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	5.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.2	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	5.5	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	4.0	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	4.7	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	6.2	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	5.6	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	5.3	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	1.7	−3.6pp	Cons. · Japanese GAAP
FYE Mar 2026	5.5	+3.8pp	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 64.4%

Average · 10 yrs 63.9%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	61.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	62.2	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	63.4	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	64.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	63.6	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	63.3	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	65.3	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2024	66.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	64.9	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	64.4	−0.5pp	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 28.3%

Average · 10 yrs 28.9%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	30.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.0	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	29.7	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	29.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	29.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	28.6	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	27.6	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	27.9	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	28.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	28.3	−0.1pp	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 ¥827bn

CAGR · 10 yrs +4.6%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	554	n/a	Cons. · Japanese GAAP
FYE Mar 2018	564	+1.9%	Cons. · Japanese GAAP
FYE Mar 2019	575	+1.9%	Cons. · Japanese GAAP
FYE Mar 2020	584	+1.6%	Cons. · Japanese GAAP
FYE Mar 2021	646	+10.6%	Cons. · Japanese GAAP
FYE Mar 2022	641	−0.8%	Cons. · Japanese GAAP
FYE Mar 2023	732	+14.1%	Cons. · Japanese GAAP
FYE Mar 2024	790	+8.0%	Cons. · Japanese GAAP
FYE Mar 2025	814	+3.0%	Cons. · Japanese GAAP
FYE Mar 2026	827	+1.7%	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 ¥528bn

CAGR · 10 yrs +6.6%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	298	n/a	Cons. · Japanese GAAP
FYE Mar 2018	334	+12.1%	Cons. · Japanese GAAP
FYE Mar 2019	339	+1.6%	Cons. · Japanese GAAP
FYE Mar 2020	335	−1.3%	Cons. · Japanese GAAP
FYE Mar 2021	366	+9.5%	Cons. · Japanese GAAP
FYE Mar 2022	406	+10.7%	Cons. · Japanese GAAP
FYE Mar 2023	454	+11.8%	Cons. · Japanese GAAP
FYE Mar 2024	503	+10.8%	Cons. · Japanese GAAP
FYE Mar 2025	522	+3.9%	Cons. · Japanese GAAP
FYE Mar 2026	528	+1.1%	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 Mar 2026 ¥25bn

CAGR · 10 yrs −0.2%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	25.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	26.8	+7.5%	Cons. · Japanese GAAP
FYE Mar 2019	27.9	+3.9%	Cons. · Japanese GAAP
FYE Mar 2020	27.6	−0.9%	Cons. · Japanese GAAP
FYE Mar 2021	57.4	+107.7%	Cons. · Japanese GAAP
FYE Mar 2022	24.8	−56.7%	Cons. · Japanese GAAP
FYE Mar 2023	24.7	−0.5%	Cons. · Japanese GAAP
FYE Mar 2024	24.7	−0.1%	Cons. · Japanese GAAP
FYE Mar 2025	24.7	−0.1%	Cons. · Japanese GAAP
FYE Mar 2026	24.6	−0.4%	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 ¥23bn

CAGR · 10 yrs −2.8%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	30.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	32.8	+8.7%	Cons. · Japanese GAAP
FYE Mar 2019	63.3	+93.0%	Cons. · Japanese GAAP
FYE Mar 2020	60.0	−5.3%	Cons. · Japanese GAAP
FYE Mar 2021	96.5	+61.0%	Cons. · Japanese GAAP
FYE Mar 2022	36.9	−61.8%	Cons. · Japanese GAAP
FYE Mar 2023	66.3	+79.7%	Cons. · Japanese GAAP
FYE Mar 2024	66.4	+0.1%	Cons. · Japanese GAAP
FYE Mar 2025	66.9	+0.7%	Cons. · Japanese GAAP
FYE Mar 2026	23.3	−65.2%	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 ¥1.3bn

CAGR · 10 yrs −11.1%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	3.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.0	−20.5%	Cons. · Japanese GAAP
FYE Mar 2019	2.2	−28.5%	Cons. · Japanese GAAP
FYE Mar 2020	1.3	−41.5%	Cons. · Japanese GAAP
FYE Mar 2021	1.4	+14.4%	Cons. · Japanese GAAP
FYE Mar 2022	1.1	−21.9%	Cons. · Japanese GAAP
FYE Mar 2023	1.6	+40.8%	Cons. · Japanese GAAP
FYE Mar 2024	1.5	−7.2%	Cons. · Japanese GAAP
FYE Mar 2025	1.0	−30.8%	Cons. · Japanese GAAP
FYE Mar 2026	1.3	+29.3%	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 ¥39bn

CAGR · 10 yrs +10.8%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	15.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.0	+9.6%	Cons. · Japanese GAAP
FYE Mar 2019	18.2	+7.3%	Cons. · Japanese GAAP
FYE Mar 2020	19.8	+8.6%	Cons. · Japanese GAAP
FYE Mar 2021	21.9	+10.3%	Cons. · Japanese GAAP
FYE Mar 2022	24.0	+10.0%	Cons. · Japanese GAAP
FYE Mar 2023	29.5	+22.6%	Cons. · Japanese GAAP
FYE Mar 2024	33.4	+13.5%	Cons. · Japanese GAAP
FYE Mar 2025	36.5	+9.1%	Cons. · Japanese GAAP
FYE Mar 2026	39.0	+6.9%	Cons. · Japanese GAAP

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

Equity ratio

FYE Mar 2026 63.8%

Average · 10 yrs 60.3%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	53.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	59.1	+5.4pp	Cons. · Japanese GAAP
FYE Mar 2019	59.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	57.3	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2021	56.7	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	63.3	+6.6pp	Cons. · Japanese GAAP
FYE Mar 2023	62.0	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2024	63.6	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2025	64.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	63.8	−0.3pp	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 Mar 2026 4.7%

Average · 10 yrs 7.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	8.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	8.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	8.2	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	15.7	+7.4pp	Cons. · Japanese GAAP
FYE Mar 2022	6.1	−9.5pp	Cons. · Japanese GAAP
FYE Mar 2023	5.4	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	4.9	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	4.7	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	4.7	−0.1pp	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 7.6%

Average · 10 yrs 8.2%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	11.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	9.5	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2020	7.0	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2021	7.4	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	9.9	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2023	8.6	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2024	7.4	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	2.3	−5.1pp	Cons. · Japanese GAAP
FYE Mar 2026	7.6	+5.3pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 4.9%

Average · 10 yrs 4.9%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	5.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	5.6	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	4.0	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	4.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	6.3	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2023	5.3	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	4.7	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	1.5	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2026	4.9	+3.4pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.89×

CAGR · 10 yrs −1.5%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.02	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.05	+2.5%	Cons. · Japanese GAAP
FYE Mar 2019	1.02	−2.9%	Cons. · Japanese GAAP
FYE Mar 2020	1.02	+0.2%	Cons. · Japanese GAAP
FYE Mar 2021	0.89	−12.4%	Cons. · Japanese GAAP
FYE Mar 2022	1.01	+12.5%	Cons. · Japanese GAAP
FYE Mar 2023	0.96	−4.8%	Cons. · Japanese GAAP
FYE Mar 2024	0.89	−7.3%	Cons. · Japanese GAAP
FYE Mar 2025	0.89	+0.2%	Cons. · Japanese GAAP
FYE Mar 2026	0.89	+0.1%	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 ¥71bn

CAGR · 10 yrs +1.4%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	62.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	45.5	−27.3%	Cons. · Japanese GAAP
FYE Mar 2019	14.6	−67.9%	Cons. · Japanese GAAP
FYE Mar 2020	63.8	+337.5%	Cons. · Japanese GAAP
FYE Mar 2021	59.6	−6.7%	Cons. · Japanese GAAP
FYE Mar 2022	49.4	−17.1%	Cons. · Japanese GAAP
FYE Mar 2023	31.6	−36.0%	Cons. · Japanese GAAP
FYE Mar 2024	76.3	+141.7%	Cons. · Japanese GAAP
FYE Mar 2025	71.4	−6.5%	Cons. · Japanese GAAP
FYE Mar 2026	71.2	−0.2%	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 -¥22bn

Average · 10 yrs -¥36bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-35.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-36.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-26.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-36.7	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-42.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-31.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-35.3	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-53.8	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-38.4	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-21.8	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 Mar 2026 -¥39bn

Average · 10 yrs -¥16bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-18.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-11.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	14.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-20.9	−243.4%	Cons. · Japanese GAAP
FYE Mar 2021	22.7	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-75.8	−433.8%	Cons. · Japanese GAAP
FYE Mar 2023	8.8	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-19.0	−315.9%	Cons. · Japanese GAAP
FYE Mar 2025	-19.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-38.6	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 ¥131bn

CAGR · 10 yrs +3.2%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	98.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	97.6	−0.8%	Cons. · Japanese GAAP
FYE Mar 2019	96.5	−1.2%	Cons. · Japanese GAAP
FYE Mar 2020	102	+5.4%	Cons. · Japanese GAAP
FYE Mar 2021	141	+39.0%	Cons. · Japanese GAAP
FYE Mar 2022	89.6	−36.6%	Cons. · Japanese GAAP
FYE Mar 2023	97.5	+8.8%	Cons. · Japanese GAAP
FYE Mar 2024	103	+5.3%	Cons. · Japanese GAAP
FYE Mar 2025	121	+17.6%	Cons. · Japanese GAAP
FYE Mar 2026	131	+8.7%	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 ¥49bn

CAGR · 10 yrs +6.8%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	27.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.1	−66.7%	Cons. · Japanese GAAP
FYE Mar 2019	-12.3	−235.3%	Cons. · Japanese GAAP
FYE Mar 2020	27.1	n/a	Cons. · Japanese GAAP
FYE Mar 2021	16.9	−37.6%	Cons. · Japanese GAAP
FYE Mar 2022	17.5	+3.2%	Cons. · Japanese GAAP
FYE Mar 2023	-3.7	−121.1%	Cons. · Japanese GAAP
FYE Mar 2024	22.5	n/a	Cons. · Japanese GAAP
FYE Mar 2025	33.0	+46.5%	Cons. · Japanese GAAP
FYE Mar 2026	49.4	+49.8%	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 Mar 2026 9.7%

Average · 10 yrs 8.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	11.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.7	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2019	2.5	−5.2pp	Cons. · Japanese GAAP
FYE Mar 2020	10.7	+8.2pp	Cons. · Japanese GAAP
FYE Mar 2021	10.3	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	7.6	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2023	4.5	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2024	10.9	+6.4pp	Cons. · Japanese GAAP
FYE Mar 2025	9.9	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	9.7	−0.2pp	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 ¥107bn

CAGR · 10 yrs +4.2%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	73.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	70.8	−3.6%	Cons. · Japanese GAAP
FYE Mar 2019	68.6	−3.1%	Cons. · Japanese GAAP
FYE Mar 2020	74.1	+8.0%	Cons. · Japanese GAAP
FYE Mar 2021	84.1	+13.4%	Cons. · Japanese GAAP
FYE Mar 2022	64.8	−23.0%	Cons. · Japanese GAAP
FYE Mar 2023	72.8	+12.4%	Cons. · Japanese GAAP
FYE Mar 2024	77.9	+7.1%	Cons. · Japanese GAAP
FYE Mar 2025	96.0	+23.2%	Cons. · Japanese GAAP
FYE Mar 2026	107	+11.0%	Cons. · Japanese GAAP

Definition: Cash on hand once the borrowings are paid off
Formula: Cash and equivalents − interest-bearing debt
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Mar 2026 ¥845bn

Change · 10 yrs +¥100bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	745	n/a
FYE Mar 2018	993	n/a
FYE Mar 2019	829	n/a
FYE Mar 2020	636	n/a
FYE Mar 2021	1,195	n/a
FYE Mar 2022	876	n/a
FYE Mar 2023	780	n/a
FYE Mar 2024	757	n/a
FYE Mar 2025	689	n/a
FYE Mar 2026	845	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 5,079¥

Change · 10 yrs +870¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	4,209	n/a
FYE Mar 2018	5,612	n/a
FYE Mar 2019	4,686	n/a
FYE Mar 2020	3,593	n/a
FYE Mar 2021	6,752	n/a
FYE Mar 2022	4,948	n/a
FYE Mar 2023	4,409	n/a
FYE Mar 2024	4,276	n/a
FYE Mar 2025	3,895	n/a
FYE Mar 2026	5,079	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 166,358,000shares

Change · 10 yrs −10,623,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	176,981,000	Parent
FYE Mar 2018	176,981,000	Parent
FYE Mar 2019	176,981,000	Parent
FYE Mar 2020	176,981,000	Parent
FYE Mar 2021	176,981,000	Parent
FYE Mar 2022	176,981,000	Parent
FYE Mar 2023	176,981,000	Parent
FYE Mar 2024	176,981,000	Parent
FYE Mar 2025	176,981,000	Parent
FYE Mar 2026	166,358,000	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 243.01¥

Change · 10 yrs +48.15¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	194.86	Cons.
FYE Mar 2018	217.50	Cons.
FYE Mar 2019	191.26	Cons.
FYE Mar 2020	139.26	Cons.
FYE Mar 2021	159.24	Cons.
FYE Mar 2022	236.74	Cons.
FYE Mar 2023	229.66	Cons.
FYE Mar 2024	219.30	Cons.
FYE Mar 2025	71.73	Cons.
FYE Mar 2026	243.01	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 3,175.24¥

Change · 10 yrs +1,493.59¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,681.66	Cons. · Japanese GAAP
FYE Mar 2018	1,885.87	Cons. · Japanese GAAP
FYE Mar 2019	1,916.57	Cons. · Japanese GAAP
FYE Mar 2020	1,891.21	Cons. · Japanese GAAP
FYE Mar 2021	2,070.82	Cons. · Japanese GAAP
FYE Mar 2022	2,292.53	Cons. · Japanese GAAP
FYE Mar 2023	2,564.11	Cons. · Japanese GAAP
FYE Mar 2024	2,840.51	Cons. · Japanese GAAP
FYE Mar 2025	2,951.03	Cons. · Japanese GAAP
FYE Mar 2026	3,175.24	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 20.90×

Average · 10 yrs 27.49×

Fiscal year	PER ×	Basis
FYE Mar 2017	21.60	Cons.
FYE Mar 2018	25.80	Cons.
FYE Mar 2019	24.50	Cons.
FYE Mar 2020	25.80	Cons.
FYE Mar 2021	42.40	Cons.
FYE Mar 2022	20.90	Cons.
FYE Mar 2023	19.20	Cons.
FYE Mar 2024	19.50	Cons.
FYE Mar 2025	54.30	Cons.
FYE Mar 2026	20.90	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 1.58×

Average · 10 yrs 2.05×

Fiscal year	PBR ×	Basis
FYE Mar 2017	2.40	Cons.
FYE Mar 2018	2.85	Cons.
FYE Mar 2019	2.34	Cons.
FYE Mar 2020	1.82	Cons.
FYE Mar 2021	3.12	Cons.
FYE Mar 2022	2.07	Cons.
FYE Mar 2023	1.65	Cons.
FYE Mar 2024	1.44	Cons.
FYE Mar 2025	1.27	Cons.
FYE Mar 2026	1.58	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 30,324people

Change · 10 yrs −10 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	30,334	n/a	Cons.
FYE Mar 2018	32,428	+6.9%	Cons.
FYE Mar 2019	33,431	+3.1%	Cons.
FYE Mar 2020	33,554	+0.4%	Cons.
FYE Mar 2021	33,800	+0.7%	Cons.
FYE Mar 2022	34,614	+2.4%	Cons.
FYE Mar 2023	34,152	−1.3%	Cons.
FYE Mar 2024	33,386	−2.2%	Cons.
FYE Mar 2025	32,968	−1.3%	Cons.
FYE Mar 2026	30,324	−8.0%	Cons.

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

Parent-company employees

FYE Mar 2026 7,758people

Change · 10 yrs +219 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	7,539	n/a	Parent
FYE Mar 2018	7,960	+5.6%	Parent
FYE Mar 2019	8,034	+0.9%	Parent
FYE Mar 2020	8,169	+1.7%	Parent
FYE Mar 2021	8,158	−0.1%	Parent
FYE Mar 2022	7,984	−2.1%	Parent
FYE Mar 2023	7,934	−0.6%	Parent
FYE Mar 2024	7,876	−0.7%	Parent
FYE Mar 2025	7,836	−0.5%	Parent
FYE Mar 2026	7,758	−1.0%	Parent

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

Average annual pay parent company

FYE Mar 2026 781万円

Change · 10 yrs +109万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	672	n/a	Parent
FYE Mar 2018	671	−0.2%	Parent
FYE Mar 2019	678	+1.1%	Parent
FYE Mar 2020	679	+0.2%	Parent
FYE Mar 2021	670	−1.4%	Parent
FYE Mar 2022	710	+6.0%	Parent
FYE Mar 2023	706	−0.6%	Parent
FYE Mar 2024	730	+3.4%	Parent
FYE Mar 2025	755	+3.5%	Parent
FYE Mar 2026	781	+3.4%	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 45.2years

Change · 8 yrs +2.3 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	42.9	n/a	Parent
FYE Mar 2020	43.2	+0.7%	Parent
FYE Mar 2021	43.5	+0.7%	Parent
FYE Mar 2022	43.8	+0.7%	Parent
FYE Mar 2023	44.3	+1.1%	Parent
FYE Mar 2024	44.8	+1.1%	Parent
FYE Mar 2025	45.1	+0.7%	Parent
FYE Mar 2026	45.2	+0.2%	Parent

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

Average length of service

FYE Mar 2026 18.9years

Change · 10 yrs +4.4 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	14.5	n/a	Parent
FYE Mar 2018	14.9	+2.8%	Parent
FYE Mar 2019	15.0	+0.7%	Parent
FYE Mar 2020	16.1	+7.3%	Parent
FYE Mar 2021	16.7	+3.7%	Parent
FYE Mar 2022	17.3	+3.6%	Parent
FYE Mar 2023	18.1	+4.6%	Parent
FYE Mar 2024	18.5	+2.2%	Parent
FYE Mar 2025	18.8	+1.6%	Parent
FYE Mar 2026	18.9	+0.5%	Parent

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

Revenue per employee

FYE Mar 2026 ¥24.3m

Change · 10 yrs +¥5.6m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	18.7	n/a	Cons.
FYE Mar 2018	18.3	−2.3%	Cons.
FYE Mar 2019	17.5	−4.0%	Cons.
FYE Mar 2020	17.8	+1.4%	Cons.
FYE Mar 2021	17.1	−3.8%	Cons.
FYE Mar 2022	18.6	+9.0%	Cons.
FYE Mar 2023	20.5	+10.1%	Cons.
FYE Mar 2024	21.0	+2.5%	Cons.
FYE Mar 2025	22.0	+4.5%	Cons.
FYE Mar 2026	24.3	+10.7%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥1.8m

Change · 10 yrs +¥0.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	1.6	n/a	Cons.
FYE Mar 2018	1.6	+3.7%	Cons.
FYE Mar 2019	1.2	−25.9%	Cons.
FYE Mar 2020	1.1	−8.8%	Cons.
FYE Mar 2021	1.2	+7.1%	Cons.
FYE Mar 2022	1.5	+28.5%	Cons.
FYE Mar 2023	1.4	−4.6%	Cons.
FYE Mar 2024	1.3	−10.9%	Cons.
FYE Mar 2025	1.5	+14.8%	Cons.
FYE Mar 2026	1.8	+20.6%	Cons.

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

Disclaimer

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

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

Data API

TOTO’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/5332/company.json ·/api/5332/history.json ·/api/5332/ceo.json ·/api/5332/financials.json ·/api/5332/financials/segment.json ·/api/5332/financials/pl.json ·/api/5332/financials/cf.json ·/api/5332/financials/bs.json ·/api/5332/financials/employee.json ·/api/5332/financials/stock.json ·/api/5332/financials.csv ·/api/5332/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json