Financials

Niterra (NGK Spark Plug): FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥731bnYoY +12.0%

FYE Mar 2026 · Operating profit¥138bnYoY +6.6%

FYE Mar 2026 · Net profit¥113bnYoY +21.9%

FYE Mar 2026 · Equity ratio62.5%YoY −5.5pp

FYE Mar 2026 · Group employees15,698YoY +54

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥373bn	n/a	¥54bn	n/a	14.4%	¥26bn	Odo Shinichi	—
FYE Mar 2018Consolidated	¥410bn	+9.9%	¥67bn	+25.5%	16.4%	¥44bn	Odo Shinichi	—
FYE Mar 2019Consolidated	¥425bn	+3.7%	¥55bn	−17.8%	13.0%	¥43bn	Odo Shinichi	CAIRE Inc. acquired
FYE Mar 2020Consolidated	¥426bn	+0.3%	¥48bn	−12.4%	11.4%	¥30bn	Odo Shinichi	—
FYE Mar 2021Consolidated	¥428bn	+0.3%	¥47bn	−2.2%	11.1%	¥38bn	Kawai Takeshi	—
FYE Mar 2022Consolidated	¥492bn	+15.0%	¥76bn	+59.3%	15.4%	¥60bn	Kawai Takeshi	—
FYE Mar 2023Consolidated	¥563bn	+14.4%	¥89bn	+18.2%	15.9%	¥66bn	Kawai Takeshi	Transition to a company with an audit and supervisory committee
FYE Mar 2024Consolidated	¥614bn	+9.2%	¥108bn	+20.6%	17.5%	¥83bn	Kawai Takeshi	—
FYE Mar 2025Consolidated	¥653bn	+6.3%	¥130bn	+20.5%	19.9%	¥93bn	Kawai Takeshi	—
FYE Mar 2026Consolidated	¥731bn	+12.0%	¥138bn	+6.6%	18.9%	¥113bn	Kawai Takeshi	—

How it compares

Denso¥7.54tnFY2025Operating margin 7.3%Sumitomo Electric Industries¥5.11tnFY2025Operating margin 8.2%

Niterra (NGK Spark Plug)¥731bnFY2025Operating margin 18.9%

TOKAI RIKA CO., LTD.¥645bnFY2025Operating margin 5.5%

Stanley Electric¥518bnFY2025Operating margin 8.2%

Nihonseiki¥316bnFY2024Operating margin 3.0%

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 ¥731bn

CAGR · 10 yrs +7.8%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	373	n/a	Cons. · Japanese GAAP
FYE Mar 2018	410	+9.9%	Cons. · Japanese GAAP
FYE Mar 2019	425	+3.7%	Cons. · Japanese GAAP
FYE Mar 2020	426	moved to IFRS	Cons. · IFRS
FYE Mar 2021	428	+0.3%	Cons. · IFRS
FYE Mar 2022	492	+15.0%	Cons. · IFRS
FYE Mar 2023	563	+14.4%	Cons. · IFRS
FYE Mar 2024	614	+9.2%	Cons. · IFRS
FYE Mar 2025	653	+6.3%	Cons. · IFRS
FYE Mar 2026	731	+12.0%	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 ¥450bn

CAGR · 10 yrs +6.8%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	250	n/a	Cons. · Japanese GAAP
FYE Mar 2018	268	+7.3%	Cons. · Japanese GAAP
FYE Mar 2019	285	+6.3%	Cons. · Japanese GAAP
FYE Mar 2020	292	moved to IFRS	Cons. · IFRS
FYE Mar 2021	297	+1.7%	Cons. · IFRS
FYE Mar 2022	336	+12.9%	Cons. · IFRS
FYE Mar 2023	365	+8.7%	Cons. · IFRS
FYE Mar 2024	388	+6.5%	Cons. · IFRS
FYE Mar 2025	395	+1.7%	Cons. · IFRS
FYE Mar 2026	450	+14.0%	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 ¥281bn

CAGR · 10 yrs +9.6%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	123	n/a	Cons. · Japanese GAAP
FYE Mar 2018	142	+15.3%	Cons. · Japanese GAAP
FYE Mar 2019	140	−1.1%	Cons. · Japanese GAAP
FYE Mar 2020	134	moved to IFRS	Cons. · IFRS
FYE Mar 2021	130	−2.7%	Cons. · IFRS
FYE Mar 2022	156	+19.9%	Cons. · IFRS
FYE Mar 2023	198	+26.7%	Cons. · IFRS
FYE Mar 2024	226	+14.3%	Cons. · IFRS
FYE Mar 2025	258	+14.1%	Cons. · IFRS
FYE Mar 2026	281	+8.8%	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 ¥140bn

CAGR · 10 yrs +8.2%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	69.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	74.4	+7.4%	Cons. · Japanese GAAP
FYE Mar 2019	84.6	+13.6%	Cons. · Japanese GAAP
FYE Mar 2020	87.3	moved to IFRS	Cons. · IFRS
FYE Mar 2021	83.9	−3.9%	Cons. · IFRS
FYE Mar 2022	94.1	+12.2%	Cons. · IFRS
FYE Mar 2023	110	+16.8%	Cons. · IFRS
FYE Mar 2024	123	+11.8%	Cons. · IFRS
FYE Mar 2025	134	+8.8%	Cons. · IFRS
FYE Mar 2026	140	+5.1%	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 ¥138bn

CAGR · 10 yrs +11.1%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	53.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	67.3	+25.5%	Cons. · Japanese GAAP
FYE Mar 2019	55.3	−17.8%	Cons. · Japanese GAAP
FYE Mar 2020	48.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	47.4	−2.2%	Cons. · IFRS
FYE Mar 2022	75.5	+59.3%	Cons. · IFRS
FYE Mar 2023	89.2	+18.2%	Cons. · IFRS
FYE Mar 2024	108	+20.6%	Cons. · IFRS
FYE Mar 2025	130	+20.5%	Cons. · IFRS
FYE Mar 2026	138	+6.6%	Cons. · IFRS

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

Non-operating income

FYE Mar 2026 ¥32bn

CAGR · 10 yrs +23.0%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	5.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.9	−2.8%	Cons. · Japanese GAAP
FYE Mar 2019	3.4	−31.0%	Cons. · Japanese GAAP
FYE Mar 2020	3.1	moved to IFRS	Cons. · IFRS
FYE Mar 2021	5.7	+85.1%	Cons. · IFRS
FYE Mar 2022	9.3	+62.9%	Cons. · IFRS
FYE Mar 2023	6.0	−35.4%	Cons. · IFRS
FYE Mar 2024	13.0	+117.6%	Cons. · IFRS
FYE Mar 2025	10.8	−17.0%	Cons. · IFRS
FYE Mar 2026	32.3	+198.9%	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 ¥4.9bn

CAGR · 10 yrs +5.5%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.0	+0.2%	Cons. · Japanese GAAP
FYE Mar 2019	2.0	−33.5%	Cons. · Japanese GAAP
FYE Mar 2020	6.8	moved to IFRS	Cons. · IFRS
FYE Mar 2021	1.1	−84.2%	Cons. · IFRS
FYE Mar 2022	1.1	+5.1%	Cons. · IFRS
FYE Mar 2023	1.8	+61.4%	Cons. · IFRS
FYE Mar 2024	3.4	+88.2%	Cons. · IFRS
FYE Mar 2025	7.1	+109.7%	Cons. · IFRS
FYE Mar 2026	4.9	−31.0%	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 · 3 yrs +3.5%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	55.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	69.1	+24.4%	Cons. · Japanese GAAP
FYE Mar 2019	59.5	−13.8%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	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 · 3 yrs +64.3%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.3	+170.2%	Cons. · Japanese GAAP
FYE Mar 2019	1.3	−0.2%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	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)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥113bn

CAGR · 10 yrs +17.9%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	25.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	44.3	+73.2%	Cons. · Japanese GAAP
FYE Mar 2019	42.6	−3.8%	Cons. · Japanese GAAP
FYE Mar 2020	30.1	moved to IFRS	Cons. · IFRS
FYE Mar 2021	38.4	+27.4%	Cons. · IFRS
FYE Mar 2022	60.2	+56.9%	Cons. · IFRS
FYE Mar 2023	66.3	+10.1%	Cons. · IFRS
FYE Mar 2024	82.6	+24.7%	Cons. · IFRS
FYE Mar 2025	92.6	+12.1%	Cons. · IFRS
FYE Mar 2026	113	+21.9%	Cons. · IFRS

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

Gross margin

FYE Mar 2026 38.4%

Average · 10 yrs 34.4%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	33.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	34.6	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2019	33.0	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	31.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	30.5	−0.9pp	Cons. · IFRS
FYE Mar 2022	31.8	+1.3pp	Cons. · IFRS
FYE Mar 2023	35.2	+3.4pp	Cons. · IFRS
FYE Mar 2024	36.8	+1.6pp	Cons. · IFRS
FYE Mar 2025	39.5	+2.7pp	Cons. · IFRS
FYE Mar 2026	38.4	−1.1pp	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 18.9%

Average · 10 yrs 15.4%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	14.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.4	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2019	13.0	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2020	11.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	11.1	−0.3pp	Cons. · IFRS
FYE Mar 2022	15.4	+4.3pp	Cons. · IFRS
FYE Mar 2023	15.9	+0.5pp	Cons. · IFRS
FYE Mar 2024	17.5	+1.6pp	Cons. · IFRS
FYE Mar 2025	19.9	+2.3pp	Cons. · IFRS
FYE Mar 2026	18.9	−1.0pp	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 · 3 yrs 15.3%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	14.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.9	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2019	14.0	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2020	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	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 15.4%

Average · 10 yrs 11.1%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	6.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.8	+4.0pp	Cons. · Japanese GAAP
FYE Mar 2019	10.0	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	7.1	moved to IFRS	Cons. · IFRS
FYE Mar 2021	9.0	+1.9pp	Cons. · IFRS
FYE Mar 2022	12.2	+3.3pp	Cons. · IFRS
FYE Mar 2023	11.8	−0.5pp	Cons. · IFRS
FYE Mar 2024	13.4	+1.7pp	Cons. · IFRS
FYE Mar 2025	14.2	+0.7pp	Cons. · IFRS
FYE Mar 2026	15.4	+1.3pp	Cons. · IFRS

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

Cost-of-sales ratio

FYE Mar 2026 61.6%

Average · 10 yrs 65.6%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	67.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	65.4	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2019	67.1	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	68.6	moved to IFRS	Cons. · IFRS
FYE Mar 2021	69.5	+1.0pp	Cons. · IFRS
FYE Mar 2022	68.2	−1.3pp	Cons. · IFRS
FYE Mar 2023	64.8	−3.4pp	Cons. · IFRS
FYE Mar 2024	63.2	−1.6pp	Cons. · IFRS
FYE Mar 2025	60.5	−2.7pp	Cons. · IFRS
FYE Mar 2026	61.6	+1.1pp	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 19.2%

Average · 10 yrs 19.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	18.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.2	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	19.9	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	20.5	moved to IFRS	Cons. · IFRS
FYE Mar 2021	19.6	−0.9pp	Cons. · IFRS
FYE Mar 2022	19.1	−0.5pp	Cons. · IFRS
FYE Mar 2023	19.5	+0.4pp	Cons. · IFRS
FYE Mar 2024	20.0	+0.5pp	Cons. · IFRS
FYE Mar 2025	20.5	+0.5pp	Cons. · IFRS
FYE Mar 2026	19.2	−1.3pp	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 ¥1.22tn

CAGR · 10 yrs +9.0%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	564	n/a	Cons. · Japanese GAAP
FYE Mar 2018	600	+6.4%	Cons. · Japanese GAAP
FYE Mar 2019	629	+4.9%	Cons. · Japanese GAAP
FYE Mar 2020	641	moved to IFRS	Cons. · IFRS
FYE Mar 2021	771	+20.3%	Cons. · IFRS
FYE Mar 2022	823	+6.7%	Cons. · IFRS
FYE Mar 2023	903	+9.7%	Cons. · IFRS
FYE Mar 2024	976	+8.0%	Cons. · IFRS
FYE Mar 2025	991	+1.6%	Cons. · IFRS
FYE Mar 2026	1,221	+23.2%	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 ¥764bn

CAGR · 10 yrs +9.0%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	352	n/a	Cons. · Japanese GAAP
FYE Mar 2018	386	+9.5%	Cons. · Japanese GAAP
FYE Mar 2019	399	+3.4%	Cons. · Japanese GAAP
FYE Mar 2020	386	moved to IFRS	Cons. · IFRS
FYE Mar 2021	446	+15.6%	Cons. · IFRS
FYE Mar 2022	511	+14.5%	Cons. · IFRS
FYE Mar 2023	564	+10.4%	Cons. · IFRS
FYE Mar 2024	637	+13.0%	Cons. · IFRS
FYE Mar 2025	674	+5.9%	Cons. · IFRS
FYE Mar 2026	764	+13.2%	Cons. · IFRS

Definition: The part of the funding that never has to be repaid
Formula: Net assets line of the balance sheet
Source: Securities report (XBRL)

Interest-bearing debt

FYE Mar 2026 ¥242bn

CAGR · 10 yrs +20.8%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	44.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.0	−25.2%	Cons. · Japanese GAAP
FYE Mar 2019	109	+229.3%	Cons. · Japanese GAAP
FYE Mar 2020	143	moved to IFRS	Cons. · IFRS
FYE Mar 2021	188	+31.5%	Cons. · IFRS
FYE Mar 2022	155	−17.5%	Cons. · IFRS
FYE Mar 2023	186	+20.5%	Cons. · IFRS
FYE Mar 2024	178	−4.5%	Cons. · IFRS
FYE Mar 2025	157	−12.0%	Cons. · IFRS
FYE Mar 2026	242	+54.7%	Cons. · IFRS

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

Short-term borrowings

FYE Mar 2026 ¥31bn

CAGR · 10 yrs +12.1%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	11.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	44.8	+297.8%	Cons. · Japanese GAAP
FYE Mar 2019	36.5	−18.6%	Cons. · Japanese GAAP
FYE Mar 2020	45.3	moved to IFRS	Cons. · IFRS
FYE Mar 2021	46.8	+3.3%	Cons. · IFRS
FYE Mar 2022	18.6	−60.2%	Cons. · IFRS
FYE Mar 2023	29.7	+59.6%	Cons. · IFRS
FYE Mar 2024	42.4	+42.7%	Cons. · IFRS
FYE Mar 2025	16.7	−60.5%	Cons. · IFRS
FYE Mar 2026	31.4	+88.0%	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 ¥211bn

CAGR · 10 yrs +23.0%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	32.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	50.1	+52.6%	Cons. · Japanese GAAP
FYE Mar 2019	72.2	+44.0%	Cons. · Japanese GAAP
FYE Mar 2020	97.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	141	+44.5%	Cons. · IFRS
FYE Mar 2022	136	−3.3%	Cons. · IFRS
FYE Mar 2023	157	+15.1%	Cons. · IFRS
FYE Mar 2024	136	−13.4%	Cons. · IFRS
FYE Mar 2025	140	+3.1%	Cons. · IFRS
FYE Mar 2026	211	+50.8%	Cons. · IFRS

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

Bonds

FYE Mar 2026 n/a

Average · 8 yrs ¥20bn

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	55.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	55.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2019	50.0	−9.1%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2021	0.0	n/a	Cons. · IFRS
FYE Mar 2022	0.0	n/a	Cons. · IFRS
FYE Mar 2023	0.0	n/a	Cons. · IFRS
FYE Mar 2024	0.0	n/a	Cons. · IFRS
FYE Mar 2025	0.0	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

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

Intangible assets

FYE Mar 2026 ¥64bn

CAGR · 10 yrs +33.7%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	4.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.1	+8.8%	Cons. · Japanese GAAP
FYE Mar 2019	13.0	+154.2%	Cons. · Japanese GAAP
FYE Mar 2020	15.8	moved to IFRS	Cons. · IFRS
FYE Mar 2021	16.4	+4.2%	Cons. · IFRS
FYE Mar 2022	20.2	+22.6%	Cons. · IFRS
FYE Mar 2023	45.0	+123.2%	Cons. · IFRS
FYE Mar 2024	50.3	+11.8%	Cons. · IFRS
FYE Mar 2025	44.2	−12.1%	Cons. · IFRS
FYE Mar 2026	64.0	+44.8%	Cons. · IFRS

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

Goodwill

FYE Mar 2026 ¥98bn

CAGR · 10 yrs +81.5%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.3	−33.3%	Cons. · Japanese GAAP
FYE Mar 2019	3.4	+1017.3%	Cons. · Japanese GAAP
FYE Mar 2020	3.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	3.4	+1.6%	Cons. · IFRS
FYE Mar 2022	6.4	+87.1%	Cons. · IFRS
FYE Mar 2023	15.5	+142.3%	Cons. · IFRS
FYE Mar 2024	18.9	+21.9%	Cons. · IFRS
FYE Mar 2025	13.6	−28.2%	Cons. · IFRS
FYE Mar 2026	98.1	+622.3%	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 62.5%

Average · 10 yrs 62.8%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	62.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	64.3	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2019	63.4	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	60.2	moved to IFRS	Cons. · IFRS
FYE Mar 2021	57.8	−2.4pp	Cons. · IFRS
FYE Mar 2022	62.0	+4.2pp	Cons. · IFRS
FYE Mar 2023	62.4	+0.4pp	Cons. · IFRS
FYE Mar 2024	65.3	+2.9pp	Cons. · IFRS
FYE Mar 2025	68.1	+2.8pp	Cons. · IFRS
FYE Mar 2026	62.5	−5.5pp	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 31.8%

Average · 10 yrs 27.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	12.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.6	−4.0pp	Cons. · Japanese GAAP
FYE Mar 2019	27.2	+18.7pp	Cons. · Japanese GAAP
FYE Mar 2020	37.0	moved to IFRS	Cons. · IFRS
FYE Mar 2021	42.0	+5.1pp	Cons. · IFRS
FYE Mar 2022	30.3	−11.7pp	Cons. · IFRS
FYE Mar 2023	33.1	+2.8pp	Cons. · IFRS
FYE Mar 2024	28.0	−5.1pp	Cons. · IFRS
FYE Mar 2025	23.2	−4.7pp	Cons. · IFRS
FYE Mar 2026	31.8	+8.5pp	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 14.8%

Average · 10 yrs 11.1%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	7.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.5	+4.2pp	Cons. · Japanese GAAP
FYE Mar 2019	10.7	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	7.8	moved to IFRS	Cons. · IFRS
FYE Mar 2021	8.6	+0.8pp	Cons. · IFRS
FYE Mar 2022	11.8	+3.2pp	Cons. · IFRS
FYE Mar 2023	11.8	−0.0pp	Cons. · IFRS
FYE Mar 2024	13.0	+1.2pp	Cons. · IFRS
FYE Mar 2025	13.7	+0.8pp	Cons. · IFRS
FYE Mar 2026	14.8	+1.1pp	Cons. · IFRS

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

ROA return on assets

FYE Mar 2026 9.2%

Average · 10 yrs 7.0%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	4.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.4	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2019	6.8	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	4.7	moved to IFRS	Cons. · IFRS
FYE Mar 2021	5.0	+0.3pp	Cons. · IFRS
FYE Mar 2022	7.3	+2.3pp	Cons. · IFRS
FYE Mar 2023	7.3	−0.0pp	Cons. · IFRS
FYE Mar 2024	8.5	+1.1pp	Cons. · IFRS
FYE Mar 2025	9.3	+0.9pp	Cons. · IFRS
FYE Mar 2026	9.2	−0.1pp	Cons. · IFRS

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

Asset turnover

FYE Mar 2026 0.60×

CAGR · 10 yrs −1.1%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.66	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.68	+3.3%	Cons. · Japanese GAAP
FYE Mar 2019	0.68	−1.2%	Cons. · Japanese GAAP
FYE Mar 2020	0.66	moved to IFRS	Cons. · IFRS
FYE Mar 2021	0.55	−16.6%	Cons. · IFRS
FYE Mar 2022	0.60	+7.8%	Cons. · IFRS
FYE Mar 2023	0.62	+4.3%	Cons. · IFRS
FYE Mar 2024	0.63	+1.1%	Cons. · IFRS
FYE Mar 2025	0.66	+4.6%	Cons. · IFRS
FYE Mar 2026	0.60	−9.1%	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 ¥109bn

CAGR · 10 yrs +9.1%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	49.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	65.7	+32.0%	Cons. · Japanese GAAP
FYE Mar 2019	43.7	−33.5%	Cons. · Japanese GAAP
FYE Mar 2020	57.3	moved to IFRS	Cons. · IFRS
FYE Mar 2021	63.4	+10.7%	Cons. · IFRS
FYE Mar 2022	71.9	+13.4%	Cons. · IFRS
FYE Mar 2023	69.3	−3.6%	Cons. · IFRS
FYE Mar 2024	118	+70.5%	Cons. · IFRS
FYE Mar 2025	133	+12.5%	Cons. · IFRS
FYE Mar 2026	109	−17.7%	Cons. · IFRS

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

Investing cash flow

FYE Mar 2026 -¥166bn

Average · 10 yrs -¥54bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-53.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-26.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-48.4	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-52.3	moved to IFRS	Cons. · IFRS
FYE Mar 2021	-42.5	n/a	Cons. · IFRS
FYE Mar 2022	10.2	n/a	Cons. · IFRS
FYE Mar 2023	-37.4	−465.2%	Cons. · IFRS
FYE Mar 2024	-92.2	n/a	Cons. · IFRS
FYE Mar 2025	-34.2	n/a	Cons. · IFRS
FYE Mar 2026	-166	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 ¥29bn

Average · 10 yrs -¥14bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-18.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-8.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	9.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	28.2	+200.2%	Cons. · IFRS
FYE Mar 2022	-53.8	−291.1%	Cons. · IFRS
FYE Mar 2023	-1.8	n/a	Cons. · IFRS
FYE Mar 2024	-57.5	n/a	Cons. · IFRS
FYE Mar 2025	-71.0	n/a	Cons. · IFRS
FYE Mar 2026	28.6	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 ¥188bn

CAGR · 10 yrs +12.4%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	65.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	87.4	+32.8%	Cons. · Japanese GAAP
FYE Mar 2019	74.3	−15.0%	Cons. · Japanese GAAP
FYE Mar 2020	86.0	moved to IFRS	Cons. · IFRS
FYE Mar 2021	15.3	−82.2%	Cons. · IFRS
FYE Mar 2022	140	+809.7%	Cons. · IFRS
FYE Mar 2023	202	+44.5%	Cons. · IFRS
FYE Mar 2024	181	−10.4%	Cons. · IFRS
FYE Mar 2025	208	+15.2%	Cons. · IFRS
FYE Mar 2026	188	−9.8%	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 -¥56bn

Average · 10 yrs ¥24bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	-3.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	39.3	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-4.7	−111.9%	Cons. · Japanese GAAP
FYE Mar 2020	5.0	moved to IFRS	Cons. · IFRS
FYE Mar 2021	20.9	+320.8%	Cons. · IFRS
FYE Mar 2022	82.1	+293.5%	Cons. · IFRS
FYE Mar 2023	31.9	−61.1%	Cons. · IFRS
FYE Mar 2024	26.0	−18.5%	Cons. · IFRS
FYE Mar 2025	98.7	+279.2%	Cons. · IFRS
FYE Mar 2026	-56.1	−156.9%	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 15.0%

Average · 10 yrs 14.9%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	13.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.0	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2019	10.3	−5.7pp	Cons. · Japanese GAAP
FYE Mar 2020	13.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	14.8	+1.4pp	Cons. · IFRS
FYE Mar 2022	14.6	−0.2pp	Cons. · IFRS
FYE Mar 2023	12.3	−2.3pp	Cons. · IFRS
FYE Mar 2024	19.2	+6.9pp	Cons. · IFRS
FYE Mar 2025	20.4	+1.1pp	Cons. · IFRS
FYE Mar 2026	15.0	−5.4pp	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 -¥55bn

Average · 10 yrs -¥19bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	21.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	54.4	+150.5%	Cons. · Japanese GAAP
FYE Mar 2019	-34.4	−163.3%	Cons. · Japanese GAAP
FYE Mar 2020	-56.7	moved to IFRS	Cons. · IFRS
FYE Mar 2021	-172	n/a	Cons. · IFRS
FYE Mar 2022	-15.2	n/a	Cons. · IFRS
FYE Mar 2023	15.2	n/a	Cons. · IFRS
FYE Mar 2024	2.6	−83.1%	Cons. · IFRS
FYE Mar 2025	51.5	+1900.3%	Cons. · IFRS
FYE Mar 2026	-54.7	−206.2%	Cons. · IFRS

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

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

Market capitalisation

FYE Mar 2026 ¥1.44tn

Change · 10 yrs +¥875bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	569	n/a
FYE Mar 2018	543	n/a
FYE Mar 2019	431	n/a
FYE Mar 2020	310	n/a
FYE Mar 2021	389	n/a
FYE Mar 2022	405	n/a
FYE Mar 2023	559	n/a
FYE Mar 2024	1,037	n/a
FYE Mar 2025	901	n/a
FYE Mar 2026	1,443	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 7,244¥

Change · 10 yrs +4,700¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	2,544	n/a
FYE Mar 2018	2,554	n/a
FYE Mar 2019	2,062	n/a
FYE Mar 2020	1,516	n/a
FYE Mar 2021	1,905	n/a
FYE Mar 2022	1,983	n/a
FYE Mar 2023	2,739	n/a
FYE Mar 2024	5,077	n/a
FYE Mar 2025	4,524	n/a
FYE Mar 2026	7,244	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 199,247,720shares

Change · 10 yrs −24,297,100 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	223,544,820	Parent
FYE Mar 2018	212,544,820	Parent
FYE Mar 2019	208,911,620	Parent
FYE Mar 2020	204,175,320	Parent
FYE Mar 2021	204,175,320	Parent
FYE Mar 2022	204,175,320	Parent
FYE Mar 2023	204,175,320	Parent
FYE Mar 2024	204,175,320	Parent
FYE Mar 2025	199,247,720	Parent
FYE Mar 2026	199,247,720	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 570.43¥

Change · 10 yrs +450.99¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	119.44	Cons.
FYE Mar 2018	209.37	Cons.
FYE Mar 2019	194.55	Cons.
FYE Mar 2020	163.06	Cons.
FYE Mar 2021	188.59	Cons.
FYE Mar 2022	296.04	Cons.
FYE Mar 2023	326.09	Cons.
FYE Mar 2024	409.47	Cons.
FYE Mar 2025	466.34	Cons.
FYE Mar 2026	570.43	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 3,832.33¥

Change · 10 yrs +2,256.34¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,576.00	Cons. · Japanese GAAP
FYE Mar 2018	1,814.49	Cons. · Japanese GAAP
FYE Mar 2019	1,909.62	Cons. · Japanese GAAP
FYE Mar 2020	1,890.21	Cons. · IFRS
FYE Mar 2021	2,184.58	Cons. · IFRS
FYE Mar 2022	2,501.02	Cons. · IFRS
FYE Mar 2023	2,760.43	Cons. · IFRS
FYE Mar 2024	3,120.15	Cons. · IFRS
FYE Mar 2025	3,384.85	Cons. · IFRS
FYE Mar 2026	3,832.33	Cons. · IFRS

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

PER price-to-earnings ratio

FYE Mar 2026 12.70×

Average · 10 yrs 11.34×

Fiscal year	PER ×	Basis
FYE Mar 2017	21.30	Cons.
FYE Mar 2018	12.20	Cons.
FYE Mar 2019	10.60	Cons.
FYE Mar 2020	9.30	Cons.
FYE Mar 2021	10.10	Cons.
FYE Mar 2022	6.70	Cons.
FYE Mar 2023	8.40	Cons.
FYE Mar 2024	12.40	Cons.
FYE Mar 2025	9.70	Cons.
FYE Mar 2026	12.70	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 1.85×

Average · 10 yrs 1.21×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.53	Cons.
FYE Mar 2018	1.36	Cons.
FYE Mar 2019	1.05	Cons.
FYE Mar 2020	0.78	Cons.
FYE Mar 2021	0.86	Cons.
FYE Mar 2022	0.78	Cons.
FYE Mar 2023	0.99	Cons.
FYE Mar 2024	1.60	Cons.
FYE Mar 2025	1.33	Cons.
FYE Mar 2026	1.85	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 15,698people

Change · 10 yrs +772 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	14,926	n/a	Cons.
FYE Mar 2018	15,322	+2.7%	Cons.
FYE Mar 2019	16,014	+4.5%	Cons.
FYE Mar 2020	16,406	+2.4%	Cons.
FYE Mar 2021	16,391	−0.1%	Cons.
FYE Mar 2022	16,145	−1.5%	Cons.
FYE Mar 2023	16,247	+0.6%	Cons.
FYE Mar 2024	15,980	−1.6%	Cons.
FYE Mar 2025	15,644	−2.1%	Cons.
FYE Mar 2026	15,698	+0.3%	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 3,208people

Change · 10 yrs −2,511 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	5,719	n/a	Parent
FYE Mar 2018	5,851	+2.3%	Parent
FYE Mar 2019	5,863	+0.2%	Parent
FYE Mar 2020	5,883	+0.3%	Parent
FYE Mar 2021	5,891	+0.1%	Parent
FYE Mar 2022	3,668	−37.7%	Parent
FYE Mar 2023	3,534	−3.7%	Parent
FYE Mar 2024	3,622	+2.5%	Parent
FYE Mar 2025	3,195	−11.8%	Parent
FYE Mar 2026	3,208	+0.4%	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 993万円

Change · 10 yrs +316万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	677	n/a	Parent
FYE Mar 2018	657	−2.9%	Parent
FYE Mar 2019	691	+5.2%	Parent
FYE Mar 2020	676	−2.2%	Parent
FYE Mar 2021	636	−5.9%	Parent
FYE Mar 2022	673	+5.7%	Parent
FYE Mar 2023	690	+2.5%	Parent
FYE Mar 2024	894	+29.6%	Parent
FYE Mar 2025	987	+10.4%	Parent
FYE Mar 2026	993	+0.6%	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 Mar 2026 43.5years

Change · 8 yrs +4.3 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	39.2	n/a	Parent
FYE Mar 2020	39.8	+1.5%	Parent
FYE Mar 2021	40.8	+2.5%	Parent
FYE Mar 2022	41.4	+1.5%	Parent
FYE Mar 2023	42.6	+2.9%	Parent
FYE Mar 2024	42.5	−0.2%	Parent
FYE Mar 2025	43.0	+1.2%	Parent
FYE Mar 2026	43.5	+1.2%	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 19.4years

Change · 10 yrs +3.2 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	16.2	n/a	Parent
FYE Mar 2018	16.4	+1.2%	Parent
FYE Mar 2019	17.2	+4.9%	Parent
FYE Mar 2020	17.3	+0.6%	Parent
FYE Mar 2021	17.4	+0.6%	Parent
FYE Mar 2022	16.9	−2.9%	Parent
FYE Mar 2023	16.1	−4.7%	Parent
FYE Mar 2024	16.2	+0.6%	Parent
FYE Mar 2025	18.8	+16.0%	Parent
FYE Mar 2026	19.4	+3.2%	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 ¥46.6m

Change · 10 yrs +¥21.6m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	25.0	n/a	Cons.
FYE Mar 2018	26.8	+7.1%	Cons.
FYE Mar 2019	26.5	−0.8%	Cons.
FYE Mar 2020	26.0	n/a	Cons.
FYE Mar 2021	26.1	+0.4%	Cons.
FYE Mar 2022	30.5	+16.8%	Cons.
FYE Mar 2023	34.6	+13.7%	Cons.
FYE Mar 2024	38.5	+11.1%	Cons.
FYE Mar 2025	41.7	+8.5%	Cons.
FYE Mar 2026	46.6	+11.6%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥8.8m

Change · 10 yrs +¥5.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	3.6	n/a	Cons.
FYE Mar 2018	4.4	+22.3%	Cons.
FYE Mar 2019	3.5	−21.3%	Cons.
FYE Mar 2020	3.0	n/a	Cons.
FYE Mar 2021	2.9	−2.1%	Cons.
FYE Mar 2022	4.7	+61.8%	Cons.
FYE Mar 2023	5.5	+17.4%	Cons.
FYE Mar 2024	6.7	+22.6%	Cons.
FYE Mar 2025	8.3	+23.1%	Cons.
FYE Mar 2026	8.8	+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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