Financials

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

FYE Mar 2026 · Revenue¥74bnYoY +3.7%
FYE Mar 2026 · Operating profit¥25bnYoY −7.2%
FYE Mar 2026 · Net profit¥18bnYoY −5.6%
FYE Mar 2026 · Equity ratio90.5%YoY +0.7pp
FYE Mar 2026 · Group employees1,322YoY −10
Fiscal yearRevenueYoYOperating profitYoYMarginNet profitChief executiveThat year
FYE Mar 2017Consolidated¥32bnn/a¥5.0bnn/a15.4%¥2.9bnKanbe Makoto—
FYE Mar 2018Consolidated¥39bn+19.7%¥9.2bn+85.2%23.8%¥5.5bnKanbe MakotoOperating margin reaches 23.8%
FYE Mar 2019Consolidated¥41bn+7.0%¥9.6bn+4.2%23.2%¥6.8bnKanbe Makoto—
FYE Mar 2020Consolidated¥41bn+0.1%¥9.3bn−2.2%22.7%¥5.9bnKanbe Makoto—
FYE Mar 2021Consolidated¥41bn+0.5%¥10bn+9.7%24.7%¥6.9bnKanbe Makoto—
FYE Mar 2022Consolidated¥54bn+31.1%¥18bn+77.7%33.5%¥13bnKanbe MakotoSuccession announced: <a class="en-history_person" href="/tse/5344/executives/ceo/kanbe-makoto/" hreflang="ja">Kanbe Makoto</a> to chairman
FYE Mar 2023Consolidated¥59bn+8.2%¥20bn+10.6%34.3%¥15bnKanbe Makoto<a class="en-history_person" href="/tse/5344/executives/ceo/kanbe-toshiro/" hreflang="ja">Kanbe Toshiro</a> becomes president; sales up 31.1%
FYE Mar 2024Consolidated¥62bn+4.7%¥20bn−1.7%32.2%¥15bnKanbe ToshiroAI-server substrates begin to ramp
FYE Mar 2025Consolidated¥72bn+16.7%¥27bn+35.9%37.5%¥19bnKanbe Toshiro—
FYE Mar 2026Consolidated¥74bn+3.7%¥25bn−7.2%33.5%¥18bnKanbe ToshiroRecord sales of <span class="en-history_money" data-yen="71800000000" data-year="2024">$473.9M (¥72bn)</span>; 37.5% operating margin

How it compares

TDK¥2.50tnFY2025Operating margin 10.9%Murata Manufacturing¥1.83tnFY2025Operating margin 15.4%Alps Alpine¥1.02tnFY2025Operating margin 4.1%Taiyo Yuden¥355bnFY2025Operating margin 5.6%Meiko¥241bnFY2025Operating margin 10.2%Japan Aviation Electronics Industry¥228bnFY2025Operating margin 3.9%Hirose Electric¥211bnFY2025Operating margin 20.4%
Mabuchi Motor¥200bnFY2025Operating margin 12.7%
NICHICON CORPORATION¥170bnFY2025Operating margin 3.8%
MARUWA¥74bnFY2025Operating margin 33.5%

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 ¥74bn
CAGR · 10 yrs +9.8%
Fiscal year Revenue ¥ bn YoY Basis
FYE Mar 2017 32.2 n/a Cons. · Japanese GAAP
FYE Mar 2018 38.5 +19.7% Cons. · Japanese GAAP
FYE Mar 2019 41.2 +7.0% Cons. · Japanese GAAP
FYE Mar 2020 41.2 +0.1% Cons. · Japanese GAAP
FYE Mar 2021 41.4 +0.5% Cons. · Japanese GAAP
FYE Mar 2022 54.3 +31.1% Cons. · Japanese GAAP
FYE Mar 2023 58.8 +8.2% Cons. · Japanese GAAP
FYE Mar 2024 61.6 +4.7% Cons. · Japanese GAAP
FYE Mar 2025 71.8 +16.7% Cons. · Japanese GAAP
FYE Mar 2026 74.5 +3.7% 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 ¥35bn
CAGR · 10 yrs +6.3%
Fiscal year Cost of sales ¥ bn YoY Basis
FYE Mar 2017 20.3 n/a Cons. · Japanese GAAP
FYE Mar 2018 21.9 +8.0% Cons. · Japanese GAAP
FYE Mar 2019 23.3 +6.1% Cons. · Japanese GAAP
FYE Mar 2020 23.7 +1.8% Cons. · Japanese GAAP
FYE Mar 2021 23.1 −2.6% Cons. · Japanese GAAP
FYE Mar 2022 27.0 +17.1% Cons. · Japanese GAAP
FYE Mar 2023 28.4 +5.1% Cons. · Japanese GAAP
FYE Mar 2024 30.6 +7.7% Cons. · Japanese GAAP
FYE Mar 2025 32.4 +5.9% Cons. · Japanese GAAP
FYE Mar 2026 35.3 +9.1% 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 ¥39bn
CAGR · 10 yrs +14.2%
Fiscal year Gross profit ¥ bn YoY Basis
FYE Mar 2017 11.9 n/a Cons. · Japanese GAAP
FYE Mar 2018 16.6 +39.5% Cons. · Japanese GAAP
FYE Mar 2019 17.9 +8.1% Cons. · Japanese GAAP
FYE Mar 2020 17.5 −2.1% Cons. · Japanese GAAP
FYE Mar 2021 18.4 +4.7% Cons. · Japanese GAAP
FYE Mar 2022 27.3 +48.8% Cons. · Japanese GAAP
FYE Mar 2023 30.4 +11.3% Cons. · Japanese GAAP
FYE Mar 2024 31.0 +1.9% Cons. · Japanese GAAP
FYE Mar 2025 39.5 +27.4% Cons. · Japanese GAAP
FYE Mar 2026 39.2 −0.8% 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 ¥14bn
CAGR · 10 yrs +8.3%
Fiscal year SG&A ¥ bn YoY Basis
FYE Mar 2017 6.9 n/a Cons. · Japanese GAAP
FYE Mar 2018 7.4 +6.8% Cons. · Japanese GAAP
FYE Mar 2019 8.4 +13.0% Cons. · Japanese GAAP
FYE Mar 2020 8.2 −2.1% Cons. · Japanese GAAP
FYE Mar 2021 8.1 −1.1% Cons. · Japanese GAAP
FYE Mar 2022 9.1 +12.3% Cons. · Japanese GAAP
FYE Mar 2023 10.3 +12.7% Cons. · Japanese GAAP
FYE Mar 2024 11.2 +9.0% Cons. · Japanese GAAP
FYE Mar 2025 12.6 +12.2% Cons. · Japanese GAAP
FYE Mar 2026 14.2 +12.9% 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 ¥25bn
CAGR · 10 yrs +19.7%
Fiscal year Operating profit ¥ bn YoY Basis
FYE Mar 2017 5.0 n/a Cons. · Japanese GAAP
FYE Mar 2018 9.2 +85.2% Cons. · Japanese GAAP
FYE Mar 2019 9.6 +4.2% Cons. · Japanese GAAP
FYE Mar 2020 9.3 −2.2% Cons. · Japanese GAAP
FYE Mar 2021 10.2 +9.7% Cons. · Japanese GAAP
FYE Mar 2022 18.2 +77.7% Cons. · Japanese GAAP
FYE Mar 2023 20.1 +10.6% Cons. · Japanese GAAP
FYE Mar 2024 19.8 −1.7% Cons. · Japanese GAAP
FYE Mar 2025 26.9 +35.9% Cons. · Japanese GAAP
FYE Mar 2026 25.0 −7.2% Cons. · Japanese GAAP
Definition
What the core business earns
Formula
Gross profit − SG&A
Source
Securities report (XBRL)

Non-operating income

FYE Mar 2026 ¥1.5bn
CAGR · 10 yrs +23.6%
Fiscal year Non-operating income ¥ bn YoY Basis
FYE Mar 2017 0.2 n/a Cons. · Japanese GAAP
FYE Mar 2018 0.2 −18.5% Cons. · Japanese GAAP
FYE Mar 2019 0.4 +142.3% Cons. · Japanese GAAP
FYE Mar 2020 0.2 −44.4% Cons. · Japanese GAAP
FYE Mar 2021 0.2 −17.9% Cons. · Japanese GAAP
FYE Mar 2022 1.0 +422.3% Cons. · Japanese GAAP
FYE Mar 2023 1.1 +8.1% Cons. · Japanese GAAP
FYE Mar 2024 1.4 +25.4% Cons. · Japanese GAAP
FYE Mar 2025 0.6 −59.3% Cons. · Japanese GAAP
FYE Mar 2026 1.5 +158.9% Cons. · Japanese GAAP
Definition
Income from outside the core business
Formula
Non-operating income line of the income statement
Source
Securities report (XBRL)

Non-operating expenses

FYE Mar 2026 ¥122m
CAGR · 10 yrs −5.0%
Fiscal year Non-operating expenses ¥ m YoY Basis
FYE Mar 2017 194 n/a Cons. · Japanese GAAP
FYE Mar 2018 486 +150.5% Cons. · Japanese GAAP
FYE Mar 2019 63.3 −87.0% Cons. · Japanese GAAP
FYE Mar 2020 65.4 +3.4% Cons. · Japanese GAAP
FYE Mar 2021 115 +75.7% Cons. · Japanese GAAP
FYE Mar 2022 63.0 −45.2% Cons. · Japanese GAAP
FYE Mar 2023 66.0 +4.8% Cons. · Japanese GAAP
FYE Mar 2024 73.0 +10.6% Cons. · Japanese GAAP
FYE Mar 2025 448 +513.7% Cons. · Japanese GAAP
FYE Mar 2026 122 −72.8% 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 ¥26bn
CAGR · 10 yrs +20.3%
Fiscal year Ordinary profit ¥ bn YoY Basis
FYE Mar 2017 5.0 n/a Cons. · Japanese GAAP
FYE Mar 2018 8.9 +78.1% Cons. · Japanese GAAP
FYE Mar 2019 9.9 +11.9% Cons. · Japanese GAAP
FYE Mar 2020 9.5 −4.1% Cons. · Japanese GAAP
FYE Mar 2021 10.3 +8.5% Cons. · Japanese GAAP
FYE Mar 2022 19.2 +85.7% Cons. · Japanese GAAP
FYE Mar 2023 21.2 +10.5% Cons. · Japanese GAAP
FYE Mar 2024 21.1 −0.3% Cons. · Japanese GAAP
FYE Mar 2025 27.0 +28.0% Cons. · Japanese GAAP
FYE Mar 2026 26.3 −2.6% Cons. · Japanese GAAP
Definition
A level of profit that exists only under Japanese GAAP
Formula
Operating profit + non-operating income − non-operating expenses
Source
Securities report (XBRL)

Extraordinary income

FYE Mar 2026 ¥0.2bn
CAGR · 10 yrs +43.7%
Fiscal year Extraordinary income ¥ bn YoY Basis
FYE Mar 2017 0.0 n/a Cons. · Japanese GAAP
FYE Mar 2018 0.0 +124.1% Cons. · Japanese GAAP
FYE Mar 2019 0.0 −54.2% Cons. · Japanese GAAP
FYE Mar 2020 0.1 +1784.3% Cons. · Japanese GAAP
FYE Mar 2021 0.1 −44.2% Cons. · Japanese GAAP
FYE Mar 2022 0.7 +760.8% Cons. · Japanese GAAP
FYE Mar 2023 0.5 −23.7% Cons. · Japanese GAAP
FYE Mar 2024 0.3 −49.1% Cons. · Japanese GAAP
FYE Mar 2025 2.6 +881.8% Cons. · Japanese GAAP
FYE Mar 2026 0.2 −92.6% Cons. · Japanese GAAP
Definition
One-off gains, such as an asset sale
Formula
Extraordinary income line of the income statement
Source
Securities report (XBRL)

Extraordinary loss

FYE Mar 2026 ¥0.1bn
CAGR · 8 yrs −19.5%
Fiscal year Extraordinary loss ¥ bn YoY Basis
FYE Mar 2017 n/a n/a Cons. · Japanese GAAP
FYE Mar 2018 0.4 n/a Cons. · Japanese GAAP
FYE Mar 2019 0.1 −86.4% Cons. · Japanese GAAP
FYE Mar 2020 1.0 +1569.7% Cons. · Japanese GAAP
FYE Mar 2021 n/a n/a Cons. · Japanese GAAP
FYE Mar 2022 0.5 n/a Cons. · Japanese GAAP
FYE Mar 2023 0.5 +2.1% Cons. · Japanese GAAP
FYE Mar 2024 0.4 −31.9% Cons. · Japanese GAAP
FYE Mar 2025 2.5 +568.3% Cons. · Japanese GAAP
FYE Mar 2026 0.1 −96.2% 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 ¥18bn
CAGR · 10 yrs +22.8%
Fiscal year Net profit ¥ bn YoY Basis
FYE Mar 2017 2.9 n/a Cons. · Japanese GAAP
FYE Mar 2018 5.5 +94.5% Cons. · Japanese GAAP
FYE Mar 2019 6.8 +22.1% Cons. · Japanese GAAP
FYE Mar 2020 5.9 −13.0% Cons. · Japanese GAAP
FYE Mar 2021 6.9 +17.7% Cons. · Japanese GAAP
FYE Mar 2022 13.4 +92.5% Cons. · Japanese GAAP
FYE Mar 2023 15.0 +12.5% Cons. · Japanese GAAP
FYE Mar 2024 15.2 +1.3% Cons. · Japanese GAAP
FYE Mar 2025 19.2 +26.5% Cons. · Japanese GAAP
FYE Mar 2026 18.2 −5.6% Cons. · Japanese GAAP
Definition
What is left after tax
Formula
Pre-tax profit − income taxes
Source
Securities report (XBRL)

Gross margin

FYE Mar 2026 52.6%
Average · 10 yrs 47.0%
Fiscal year Gross margin % YoY Basis
FYE Mar 2017 36.9 n/a Cons. · Japanese GAAP
FYE Mar 2018 43.1 +6.1pp Cons. · Japanese GAAP
FYE Mar 2019 43.5 +0.5pp Cons. · Japanese GAAP
FYE Mar 2020 42.6 −1.0pp Cons. · Japanese GAAP
FYE Mar 2021 44.3 +1.8pp Cons. · Japanese GAAP
FYE Mar 2022 50.3 +6.0pp Cons. · Japanese GAAP
FYE Mar 2023 51.7 +1.4pp Cons. · Japanese GAAP
FYE Mar 2024 50.3 −1.4pp Cons. · Japanese GAAP
FYE Mar 2025 54.9 +4.6pp Cons. · Japanese GAAP
FYE Mar 2026 52.6 −2.4pp Cons. · Japanese GAAP
Definition
The share of revenue left after the cost of sales
Formula
Gross profit ÷ revenue
Source
Securities report (XBRL)

Operating margin

FYE Mar 2026 33.5%
Average · 10 yrs 28.1%
Fiscal year Operating margin % YoY Basis
FYE Mar 2017 15.4 n/a Cons. · Japanese GAAP
FYE Mar 2018 23.8 +8.4pp Cons. · Japanese GAAP
FYE Mar 2019 23.2 −0.6pp Cons. · Japanese GAAP
FYE Mar 2020 22.7 −0.5pp Cons. · Japanese GAAP
FYE Mar 2021 24.7 +2.1pp Cons. · Japanese GAAP
FYE Mar 2022 33.5 +8.8pp Cons. · Japanese GAAP
FYE Mar 2023 34.3 +0.7pp Cons. · Japanese GAAP
FYE Mar 2024 32.2 −2.1pp Cons. · Japanese GAAP
FYE Mar 2025 37.5 +5.3pp Cons. · Japanese GAAP
FYE Mar 2026 33.5 −3.9pp 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 35.3%
Average · 10 yrs 28.9%
Fiscal year Ordinary margin % YoY Basis
FYE Mar 2017 15.5 n/a Cons. · Japanese GAAP
FYE Mar 2018 23.0 +7.6pp Cons. · Japanese GAAP
FYE Mar 2019 24.1 +1.1pp Cons. · Japanese GAAP
FYE Mar 2020 23.1 −1.0pp Cons. · Japanese GAAP
FYE Mar 2021 24.9 +1.8pp Cons. · Japanese GAAP
FYE Mar 2022 35.3 +10.4pp Cons. · Japanese GAAP
FYE Mar 2023 36.0 +0.7pp Cons. · Japanese GAAP
FYE Mar 2024 34.3 −1.7pp Cons. · Japanese GAAP
FYE Mar 2025 37.6 +3.3pp Cons. · Japanese GAAP
FYE Mar 2026 35.3 −2.3pp 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 24.4%
Average · 10 yrs 19.7%
Fiscal year Net margin % YoY Basis
FYE Mar 2017 8.9 n/a Cons. · Japanese GAAP
FYE Mar 2018 14.4 +5.5pp Cons. · Japanese GAAP
FYE Mar 2019 16.4 +2.0pp Cons. · Japanese GAAP
FYE Mar 2020 14.3 −2.1pp Cons. · Japanese GAAP
FYE Mar 2021 16.7 +2.4pp Cons. · Japanese GAAP
FYE Mar 2022 24.6 +7.8pp Cons. · Japanese GAAP
FYE Mar 2023 25.5 +1.0pp Cons. · Japanese GAAP
FYE Mar 2024 24.7 −0.8pp Cons. · Japanese GAAP
FYE Mar 2025 26.8 +2.1pp Cons. · Japanese GAAP
FYE Mar 2026 24.4 −2.4pp 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 47.4%
Average · 10 yrs 53.0%
Fiscal year Cost-of-sales ratio % YoY Basis
FYE Mar 2017 63.1 n/a Cons. · Japanese GAAP
FYE Mar 2018 56.9 −6.1pp Cons. · Japanese GAAP
FYE Mar 2019 56.5 −0.5pp Cons. · Japanese GAAP
FYE Mar 2020 57.4 +1.0pp Cons. · Japanese GAAP
FYE Mar 2021 55.7 −1.8pp Cons. · Japanese GAAP
FYE Mar 2022 49.7 −6.0pp Cons. · Japanese GAAP
FYE Mar 2023 48.3 −1.4pp Cons. · Japanese GAAP
FYE Mar 2024 49.7 +1.4pp Cons. · Japanese GAAP
FYE Mar 2025 45.1 −4.6pp Cons. · Japanese GAAP
FYE Mar 2026 47.4 +2.4pp Cons. · Japanese GAAP
Definition
The share of revenue taken by the cost of sales
Formula
Cost of sales ÷ revenue
Source
Securities report (XBRL)

SG&A ratio

FYE Mar 2026 19.0%
Average · 10 yrs 19.0%
Fiscal year SG&A ratio % YoY Basis
FYE Mar 2017 21.6 n/a Cons. · Japanese GAAP
FYE Mar 2018 19.2 −2.3pp Cons. · Japanese GAAP
FYE Mar 2019 20.3 +1.1pp Cons. · Japanese GAAP
FYE Mar 2020 19.9 −0.4pp Cons. · Japanese GAAP
FYE Mar 2021 19.6 −0.3pp Cons. · Japanese GAAP
FYE Mar 2022 16.8 −2.8pp Cons. · Japanese GAAP
FYE Mar 2023 17.5 +0.7pp Cons. · Japanese GAAP
FYE Mar 2024 18.2 +0.7pp Cons. · Japanese GAAP
FYE Mar 2025 17.5 −0.7pp Cons. · Japanese GAAP
FYE Mar 2026 19.0 +1.6pp 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 ¥163bn
CAGR · 10 yrs +13.9%
Fiscal year Total assets ¥ bn YoY Basis
FYE Mar 2017 50.6 n/a Cons. · Japanese GAAP
FYE Mar 2018 58.5 +15.7% Cons. · Japanese GAAP
FYE Mar 2019 64.6 +10.4% Cons. · Japanese GAAP
FYE Mar 2020 70.7 +9.4% Cons. · Japanese GAAP
FYE Mar 2021 78.1 +10.4% Cons. · Japanese GAAP
FYE Mar 2022 95.9 +22.9% Cons. · Japanese GAAP
FYE Mar 2023 108 +12.7% Cons. · Japanese GAAP
FYE Mar 2024 123 +13.4% Cons. · Japanese GAAP
FYE Mar 2025 142 +16.1% Cons. · Japanese GAAP
FYE Mar 2026 163 +14.3% 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 ¥147bn
CAGR · 10 yrs +14.6%
Fiscal year Equity ¥ bn YoY Basis
FYE Mar 2017 43.3 n/a Cons. · Japanese GAAP
FYE Mar 2018 49.0 +13.2% Cons. · Japanese GAAP
FYE Mar 2019 55.0 +12.1% Cons. · Japanese GAAP
FYE Mar 2020 59.5 +8.2% Cons. · Japanese GAAP
FYE Mar 2021 66.3 +11.6% Cons. · Japanese GAAP
FYE Mar 2022 79.7 +20.1% Cons. · Japanese GAAP
FYE Mar 2023 94.2 +18.2% Cons. · Japanese GAAP
FYE Mar 2024 109 +15.9% Cons. · Japanese GAAP
FYE Mar 2025 128 +17.1% Cons. · Japanese GAAP
FYE Mar 2026 147 +15.2% 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 n/a
Average · 9 yrs ¥0.6bn
Fiscal year Interest-bearing debt ¥ bn YoY Basis
FYE Mar 2017 0.0 n/a Cons. · Japanese GAAP
FYE Mar 2018 0.0 −100.0% Cons. · Japanese GAAP
FYE Mar 2019 0.0 n/a Cons. · Japanese GAAP
FYE Mar 2020 2.1 n/a Cons. · Japanese GAAP
FYE Mar 2021 1.7 −19.1% Cons. · Japanese GAAP
FYE Mar 2022 0.8 −51.0% Cons. · Japanese GAAP
FYE Mar 2023 0.7 −12.0% Cons. · Japanese GAAP
FYE Mar 2024 0.4 −45.4% Cons. · Japanese GAAP
FYE Mar 2025 0.0 −100.0% Cons. · Japanese GAAP
FYE Mar 2026 n/a n/a 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 n/a
CAGR · 6 yrs +77.3%
Fiscal year Short-term borrowings ¥ m YoY Basis
FYE Mar 2017 22.8 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 900 n/a Cons. · Japanese GAAP
FYE Mar 2021 100 −88.9% Cons. · Japanese GAAP
FYE Mar 2022 100 −0.0% Cons. · Japanese GAAP
FYE Mar 2023 333 +233.0% Cons. · Japanese GAAP
FYE Mar 2024 400 +20.1% Cons. · Japanese GAAP
FYE Mar 2025 n/a n/a Cons. · Japanese GAAP
FYE Mar 2026 n/a n/a Cons. · Japanese GAAP
Definition
Borrowings repayable within a year
Formula
Short-term borrowings line of the balance sheet
Source
Securities report (XBRL)

Long-term borrowings

FYE Mar 2026 n/a
CAGR · 4 yrs −30.7%
Fiscal year Long-term borrowings ¥ 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 1.2 n/a Cons. · Japanese GAAP
FYE Mar 2021 1.6 +33.3% Cons. · Japanese GAAP
FYE Mar 2022 0.7 −54.2% Cons. · Japanese GAAP
FYE Mar 2023 0.4 −45.4% Cons. · Japanese GAAP
FYE Mar 2024 n/a 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
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 ¥438m
CAGR · 10 yrs +4.3%
Fiscal year Intangible assets ¥ m YoY Basis
FYE Mar 2017 300 n/a Cons. · Japanese GAAP
FYE Mar 2018 275 −8.3% Cons. · Japanese GAAP
FYE Mar 2019 533 +94.0% Cons. · Japanese GAAP
FYE Mar 2020 451 −15.5% Cons. · Japanese GAAP
FYE Mar 2021 260 −42.3% Cons. · Japanese GAAP
FYE Mar 2022 298 +14.6% Cons. · Japanese GAAP
FYE Mar 2023 284 −4.7% Cons. · Japanese GAAP
FYE Mar 2024 318 +12.0% Cons. · Japanese GAAP
FYE Mar 2025 444 +39.6% Cons. · Japanese GAAP
FYE Mar 2026 438 −1.4% Cons. · Japanese GAAP
Definition
Assets with no physical form
Formula
Intangible assets line of the balance sheet
Source
Securities report (XBRL)

Goodwill

FYE Mar 2026 n/a
CAGR · 3 yrs +207.4%
Fiscal year Goodwill ¥ m YoY Basis
FYE Mar 2017 20.7 n/a Cons. · Japanese GAAP
FYE Mar 2018 n/a n/a Cons. · Japanese GAAP
FYE Mar 2019 249 n/a Cons. · Japanese GAAP
FYE Mar 2020 196 −21.4% Cons. · Japanese GAAP
FYE Mar 2021 n/a n/a 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 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
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 90.5%
Average · 10 yrs 86.3%
Fiscal year Equity ratio % YoY Basis
FYE Mar 2017 85.6 n/a Cons. · Japanese GAAP
FYE Mar 2018 83.8 −1.8pp Cons. · Japanese GAAP
FYE Mar 2019 85.0 +1.2pp Cons. · Japanese GAAP
FYE Mar 2020 84.1 −0.9pp Cons. · Japanese GAAP
FYE Mar 2021 85.0 +0.9pp Cons. · Japanese GAAP
FYE Mar 2022 83.1 −1.9pp Cons. · Japanese GAAP
FYE Mar 2023 87.2 +4.1pp Cons. · Japanese GAAP
FYE Mar 2024 89.1 +1.9pp Cons. · Japanese GAAP
FYE Mar 2025 89.9 +0.7pp Cons. · Japanese GAAP
FYE Mar 2026 90.5 +0.7pp 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 n/a
Average · 9 yrs 0.9%
Fiscal year Debt-to-equity ratio % YoY Basis
FYE Mar 2017 0.1 n/a Cons. · Japanese GAAP
FYE Mar 2018 0.0 −0.1pp Cons. · Japanese GAAP
FYE Mar 2019 0.0 −0.0pp Cons. · Japanese GAAP
FYE Mar 2020 3.5 +3.5pp Cons. · Japanese GAAP
FYE Mar 2021 2.6 −1.0pp Cons. · Japanese GAAP
FYE Mar 2022 1.0 −1.5pp Cons. · Japanese GAAP
FYE Mar 2023 0.8 −0.3pp Cons. · Japanese GAAP
FYE Mar 2024 0.4 −0.4pp Cons. · Japanese GAAP
FYE Mar 2025 0.0 −0.4pp Cons. · Japanese GAAP
FYE Mar 2026 n/a n/a 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 12.3%
Average · 10 yrs 12.5%
Fiscal year ROE % YoY Basis
FYE Mar 2017 6.6 n/a Cons. · Japanese GAAP
FYE Mar 2018 11.3 +4.7pp Cons. · Japanese GAAP
FYE Mar 2019 12.3 +1.0pp Cons. · Japanese GAAP
FYE Mar 2020 9.9 −2.4pp Cons. · Japanese GAAP
FYE Mar 2021 10.5 +0.5pp Cons. · Japanese GAAP
FYE Mar 2022 16.8 +6.3pp Cons. · Japanese GAAP
FYE Mar 2023 15.9 −0.8pp Cons. · Japanese GAAP
FYE Mar 2024 13.9 −2.0pp Cons. · Japanese GAAP
FYE Mar 2025 15.0 +1.1pp Cons. · Japanese GAAP
FYE Mar 2026 12.3 −2.7pp Cons. · Japanese GAAP
Definition
What the shareholders' capital earns
Formula
Net profit ÷ equity
Source
Securities report (XBRL)

ROA return on assets

FYE Mar 2026 11.2%
Average · 10 yrs 10.8%
Fiscal year ROA % YoY Basis
FYE Mar 2017 5.6 n/a Cons. · Japanese GAAP
FYE Mar 2018 9.5 +3.8pp Cons. · Japanese GAAP
FYE Mar 2019 10.5 +1.0pp Cons. · Japanese GAAP
FYE Mar 2020 8.3 −2.1pp Cons. · Japanese GAAP
FYE Mar 2021 8.9 +0.5pp Cons. · Japanese GAAP
FYE Mar 2022 13.9 +5.0pp Cons. · Japanese GAAP
FYE Mar 2023 13.9 −0.0pp Cons. · Japanese GAAP
FYE Mar 2024 12.4 −1.5pp Cons. · Japanese GAAP
FYE Mar 2025 13.5 +1.1pp Cons. · Japanese GAAP
FYE Mar 2026 11.2 −2.4pp Cons. · Japanese GAAP
Definition
What the whole balance sheet earns
Formula
Net profit ÷ total assets
Source
Securities report (XBRL)

Asset turnover

FYE Mar 2026 0.46×
CAGR · 10 yrs −3.6%
Fiscal year Asset turnover × YoY Basis
FYE Mar 2017 0.64 n/a Cons. · Japanese GAAP
FYE Mar 2018 0.66 +3.5% Cons. · Japanese GAAP
FYE Mar 2019 0.64 −3.2% Cons. · Japanese GAAP
FYE Mar 2020 0.58 −8.5% Cons. · Japanese GAAP
FYE Mar 2021 0.53 −9.0% Cons. · Japanese GAAP
FYE Mar 2022 0.57 +6.7% Cons. · Japanese GAAP
FYE Mar 2023 0.54 −3.9% Cons. · Japanese GAAP
FYE Mar 2024 0.50 −7.7% Cons. · Japanese GAAP
FYE Mar 2025 0.50 +0.5% Cons. · Japanese GAAP
FYE Mar 2026 0.46 −9.3% Cons. · Japanese GAAP
Definition
How much revenue each yen of assets produces
Formula
Revenue ÷ total assets
Source
Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn
Operating CF Investing CF Financing CF

Cash against debt

¥ bn
Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Mar 2026 ¥17bn
CAGR · 10 yrs +13.7%
Fiscal year Operating cash flow ¥ bn YoY Basis
FYE Mar 2017 5.3 n/a Cons. · Japanese GAAP
FYE Mar 2018 7.5 +41.0% Cons. · Japanese GAAP
FYE Mar 2019 7.0 −7.6% Cons. · Japanese GAAP
FYE Mar 2020 10.7 +53.9% Cons. · Japanese GAAP
FYE Mar 2021 10.7 −0.1% Cons. · Japanese GAAP
FYE Mar 2022 14.8 +37.7% Cons. · Japanese GAAP
FYE Mar 2023 15.6 +6.0% Cons. · Japanese GAAP
FYE Mar 2024 17.2 +10.1% Cons. · Japanese GAAP
FYE Mar 2025 25.4 +47.2% Cons. · Japanese GAAP
FYE Mar 2026 16.9 −33.2% 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 -¥7.3bn
Fiscal year Investing cash flow ¥ bn YoY Basis
FYE Mar 2017 -1.2 n/a Cons. · Japanese GAAP
FYE Mar 2018 -2.9 n/a Cons. · Japanese GAAP
FYE Mar 2019 -5.7 n/a Cons. · Japanese GAAP
FYE Mar 2020 -5.3 n/a Cons. · Japanese GAAP
FYE Mar 2021 -5.4 n/a Cons. · Japanese GAAP
FYE Mar 2022 -3.5 n/a Cons. · Japanese GAAP
FYE Mar 2023 -8.8 n/a Cons. · Japanese GAAP
FYE Mar 2024 -10.8 n/a Cons. · Japanese GAAP
FYE Mar 2025 -7.7 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 -¥1.2bn
Average · 10 yrs -¥0.9bn
Fiscal year Financing cash flow ¥ bn YoY Basis
FYE Mar 2017 -0.7 n/a Cons. · Japanese GAAP
FYE Mar 2018 -0.7 n/a Cons. · Japanese GAAP
FYE Mar 2019 -0.7 n/a Cons. · Japanese GAAP
FYE Mar 2020 1.4 n/a Cons. · Japanese GAAP
FYE Mar 2021 -0.8 −156.4% Cons. · Japanese GAAP
FYE Mar 2022 -1.1 n/a Cons. · Japanese GAAP
FYE Mar 2023 -1.9 n/a Cons. · Japanese GAAP
FYE Mar 2024 -1.4 n/a Cons. · Japanese GAAP
FYE Mar 2025 -1.5 n/a Cons. · Japanese GAAP
FYE Mar 2026 -1.2 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 ¥67bn
CAGR · 10 yrs +15.8%
Fiscal year Cash and equivalents ¥ bn YoY Basis
FYE Mar 2017 17.8 n/a Cons. · Japanese GAAP
FYE Mar 2018 21.8 +22.2% Cons. · Japanese GAAP
FYE Mar 2019 22.4 +3.0% Cons. · Japanese GAAP
FYE Mar 2020 29.1 +29.7% Cons. · Japanese GAAP
FYE Mar 2021 33.9 +16.4% Cons. · Japanese GAAP
FYE Mar 2022 44.4 +31.0% Cons. · Japanese GAAP
FYE Mar 2023 49.6 +11.7% Cons. · Japanese GAAP
FYE Mar 2024 55.0 +10.9% Cons. · Japanese GAAP
FYE Mar 2025 71.6 +30.1% Cons. · Japanese GAAP
FYE Mar 2026 67.0 −6.4% 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 -¥4.8bn
Average · 10 yrs ¥5.8bn
Fiscal year FCF ¥ bn YoY Basis
FYE Mar 2017 4.1 n/a Cons. · Japanese GAAP
FYE Mar 2018 4.7 +14.4% Cons. · Japanese GAAP
FYE Mar 2019 1.3 −72.8% Cons. · Japanese GAAP
FYE Mar 2020 5.4 +326.9% Cons. · Japanese GAAP
FYE Mar 2021 5.3 −2.0% Cons. · Japanese GAAP
FYE Mar 2022 11.2 +110.5% Cons. · Japanese GAAP
FYE Mar 2023 6.9 −38.7% Cons. · Japanese GAAP
FYE Mar 2024 6.4 −7.0% Cons. · Japanese GAAP
FYE Mar 2025 17.7 +175.7% Cons. · Japanese GAAP
FYE Mar 2026 -4.8 −127.3% 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 22.7%
Average · 10 yrs 24.5%
Fiscal year OCF margin % YoY Basis
FYE Mar 2017 16.6 n/a Cons. · Japanese GAAP
FYE Mar 2018 19.6 +3.0pp Cons. · Japanese GAAP
FYE Mar 2019 16.9 −2.7pp Cons. · Japanese GAAP
FYE Mar 2020 26.0 +9.1pp Cons. · Japanese GAAP
FYE Mar 2021 25.9 −0.1pp Cons. · Japanese GAAP
FYE Mar 2022 27.2 +1.3pp Cons. · Japanese GAAP
FYE Mar 2023 26.6 −0.5pp Cons. · Japanese GAAP
FYE Mar 2024 28.0 +1.4pp Cons. · Japanese GAAP
FYE Mar 2025 35.3 +7.3pp Cons. · Japanese GAAP
FYE Mar 2026 22.7 −12.5pp Cons. · Japanese GAAP
Definition
How much of the revenue turned into cash
Formula
Operating cash flow ÷ revenue
Source
Securities report (XBRL)

Net cash

FYE Mar 2026 n/a
CAGR · 9 yrs +19.0%
Fiscal year Net cash ¥ bn YoY Basis
FYE Mar 2017 17.8 n/a Cons. · Japanese GAAP
FYE Mar 2018 21.8 +22.4% Cons. · Japanese GAAP
FYE Mar 2019 22.4 +3.0% Cons. · Japanese GAAP
FYE Mar 2020 27.0 +20.3% Cons. · Japanese GAAP
FYE Mar 2021 32.2 +19.2% Cons. · Japanese GAAP
FYE Mar 2022 43.6 +35.3% Cons. · Japanese GAAP
FYE Mar 2023 48.9 +12.2% Cons. · Japanese GAAP
FYE Mar 2024 54.6 +11.8% Cons. · Japanese GAAP
FYE Mar 2025 71.6 +31.0% Cons. · Japanese GAAP
FYE Mar 2026 n/a n/a 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 ¥654bn
Change · 10 yrs +¥605bn
Fiscal year Market capitalisation ¥ bn Basis
FYE Mar 2017 49.1 n/a
FYE Mar 2018 104 n/a
FYE Mar 2019 64.4 n/a
FYE Mar 2020 81.6 n/a
FYE Mar 2021 141 n/a
FYE Mar 2022 202 n/a
FYE Mar 2023 227 n/a
FYE Mar 2024 401 n/a
FYE Mar 2025 374 n/a
FYE Mar 2026 654 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 52,846¥
Change · 10 yrs +48,877¥
Fiscal year Share price ¥ Basis
FYE Mar 2017 3,969 n/a
FYE Mar 2018 8,431 n/a
FYE Mar 2019 5,205 n/a
FYE Mar 2020 6,595 n/a
FYE Mar 2021 11,358 n/a
FYE Mar 2022 16,340 n/a
FYE Mar 2023 18,383 n/a
FYE Mar 2024 32,436 n/a
FYE Mar 2025 30,253 n/a
FYE Mar 2026 52,846 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 12,372,000shares
Change · 10 yrs −0 shares
Fiscal year Shares outstanding shares Basis
FYE Mar 2017 12,372,000 Parent
FYE Mar 2018 12,372,000 Parent
FYE Mar 2019 12,372,000 Parent
FYE Mar 2020 12,372,000 Parent
FYE Mar 2021 12,372,000 Parent
FYE Mar 2022 12,372,000 Parent
FYE Mar 2023 12,372,000 Parent
FYE Mar 2024 12,372,000 Parent
FYE Mar 2025 12,372,000 Parent
FYE Mar 2026 12,372,000 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 1,472.03¥
Change · 10 yrs +1,241.27¥
Fiscal year EPS ¥ Basis
FYE Mar 2017 230.76 Cons.
FYE Mar 2018 448.44 Cons.
FYE Mar 2019 547.87 Cons.
FYE Mar 2020 477.88 Cons.
FYE Mar 2021 562.30 Cons.
FYE Mar 2022 1,082.11 Cons.
FYE Mar 2023 1,217.45 Cons.
FYE Mar 2024 1,233.30 Cons.
FYE Mar 2025 1,559.45 Cons.
FYE Mar 2026 1,472.03 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 11,902.85¥
Change · 10 yrs +8,401.61¥
Fiscal year BPS ¥ Basis
FYE Mar 2017 3,501.23 Cons. · Japanese GAAP
FYE Mar 2018 3,962.90 Cons. · Japanese GAAP
FYE Mar 2019 4,441.80 Cons. · Japanese GAAP
FYE Mar 2020 4,805.45 Cons. · Japanese GAAP
FYE Mar 2021 5,362.43 Cons. · Japanese GAAP
FYE Mar 2022 6,440.43 Cons. · Japanese GAAP
FYE Mar 2023 7,615.18 Cons. · Japanese GAAP
FYE Mar 2024 8,826.62 Cons. · Japanese GAAP
FYE Mar 2025 10,334.14 Cons. · Japanese GAAP
FYE Mar 2026 11,902.85 Cons. · Japanese GAAP
Definition
Equity behind each share
Formula
Equity ÷ shares outstanding
Source
Securities report (XBRL)

PER price-to-earnings ratio

FYE Mar 2026 35.90×
Average · 10 yrs 19.13×
Fiscal year PER × Basis
FYE Mar 2017 17.20 Cons.
FYE Mar 2018 18.80 Cons.
FYE Mar 2019 9.50 Cons.
FYE Mar 2020 13.80 Cons.
FYE Mar 2021 20.20 Cons.
FYE Mar 2022 15.10 Cons.
FYE Mar 2023 15.10 Cons.
FYE Mar 2024 26.30 Cons.
FYE Mar 2025 19.40 Cons.
FYE Mar 2026 35.90 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 4.43×
Average · 10 yrs 2.39×
Fiscal year PBR × Basis
FYE Mar 2017 1.13 Cons.
FYE Mar 2018 2.13 Cons.
FYE Mar 2019 1.17 Cons.
FYE Mar 2020 1.37 Cons.
FYE Mar 2021 2.11 Cons.
FYE Mar 2022 2.53 Cons.
FYE Mar 2023 2.41 Cons.
FYE Mar 2024 3.66 Cons.
FYE Mar 2025 2.92 Cons.
FYE Mar 2026 4.43 Cons.
Definition
The price measured against the book value behind it
Formula
Year-end price ÷ BPS
Source
Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Group employees

FYE Mar 2026 1,322people
Change · 10 yrs −387 people
Fiscal year Group employees people YoY Basis
FYE Mar 2017 1,709 n/a Cons.
FYE Mar 2018 1,815 +6.2% Cons.
FYE Mar 2019 1,867 +2.9% Cons.
FYE Mar 2020 1,580 −15.4% Cons.
FYE Mar 2021 1,380 −12.7% Cons.
FYE Mar 2022 1,297 −6.0% Cons.
FYE Mar 2023 1,309 +0.9% Cons.
FYE Mar 2024 1,380 +5.4% Cons.
FYE Mar 2025 1,332 −3.5% Cons.
FYE Mar 2026 1,322 −0.8% 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 690people
Change · 10 yrs +448 people
Fiscal year Parent-company employees people YoY Basis
FYE Mar 2017 242 n/a Parent
FYE Mar 2018 292 +20.7% Parent
FYE Mar 2019 295 +1.0% Parent
FYE Mar 2020 325 +10.2% Parent
FYE Mar 2021 358 +10.2% Parent
FYE Mar 2022 343 −4.2% Parent
FYE Mar 2023 587 +71.1% Parent
FYE Mar 2024 625 +6.5% Parent
FYE Mar 2025 651 +4.2% Parent
FYE Mar 2026 690 +6.0% 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 ¥8.8m
Change · 8 yrs +¥1.1m
Fiscal year Average annual pay ¥ m YoY Basis
FYE Mar 2017 n/a n/a Parent
FYE Mar 2018 n/a n/a Parent
FYE Mar 2019 7.7 n/a Parent
FYE Mar 2020 7.8 +1.0% Parent
FYE Mar 2021 8.0 +1.8% Parent
FYE Mar 2022 8.1 +2.1% Parent
FYE Mar 2023 8.4 +3.6% Parent
FYE Mar 2024 8.5 +1.5% Parent
FYE Mar 2025 8.9 +3.9% Parent
FYE Mar 2026 8.8 −0.4% 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 42.0years
Change · 8 yrs +0.1 years
Fiscal year Average age years YoY Basis
FYE Mar 2017 n/a n/a Parent
FYE Mar 2018 n/a n/a Parent
FYE Mar 2019 41.9 n/a Parent
FYE Mar 2020 41.1 −2.0% Parent
FYE Mar 2021 41.5 +1.0% Parent
FYE Mar 2022 41.5 −0.2% Parent
FYE Mar 2023 41.2 −0.7% Parent
FYE Mar 2024 43.4 +5.4% Parent
FYE Mar 2025 43.8 +1.0% Parent
FYE Mar 2026 42.0 −4.1% 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 10.7years
Change · 8 yrs −4.1 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 14.8 n/a Parent
FYE Mar 2020 13.3 −9.7% Parent
FYE Mar 2021 13.2 −1.2% Parent
FYE Mar 2022 13.2 −0.2% Parent
FYE Mar 2023 13.4 +2.1% Parent
FYE Mar 2024 12.1 −9.8% Parent
FYE Mar 2025 11.4 −5.7% Parent
FYE Mar 2026 10.7 −6.2% 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)

Temporary employees

FYE Mar 2026 1,006people
Change · 10 yrs +418 people
Fiscal year Temporary employees people YoY Basis
FYE Mar 2017 588 n/a n/a
FYE Mar 2018 645 +9.7% n/a
FYE Mar 2019 665 +3.1% n/a
FYE Mar 2020 664 −0.2% n/a
FYE Mar 2021 741 +11.6% n/a
FYE Mar 2022 849 +14.6% n/a
FYE Mar 2023 943 +11.1% n/a
FYE Mar 2024 888 −5.8% n/a
FYE Mar 2025 942 +6.1% n/a
FYE Mar 2026 1,006 +6.8% 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 ¥56.3m
Change · 10 yrs +¥37.5m
Fiscal year Revenue per employee ¥ m YoY Basis
FYE Mar 2017 18.8 n/a Cons.
FYE Mar 2018 21.2 +12.7% Cons.
FYE Mar 2019 22.1 +4.0% Cons.
FYE Mar 2020 26.1 +18.3% Cons.
FYE Mar 2021 30.0 +15.1% Cons.
FYE Mar 2022 41.9 +39.5% Cons.
FYE Mar 2023 44.9 +7.2% Cons.
FYE Mar 2024 44.6 −0.7% Cons.
FYE Mar 2025 53.9 +20.9% Cons.
FYE Mar 2026 56.3 +4.4% Cons.
Definition
What each employee accounts for in revenue
Formula
Revenue ÷ group employees
Source
Securities report (XBRL)

Operating profit per employee

FYE Mar 2026 ¥18.9m
Change · 10 yrs +¥16.0m
Fiscal year OP per employee ¥ m YoY Basis
FYE Mar 2017 2.9 n/a Cons.
FYE Mar 2018 5.1 +74.4% Cons.
FYE Mar 2019 5.1 +1.3% Cons.
FYE Mar 2020 5.9 +15.6% Cons.
FYE Mar 2021 7.4 +25.5% Cons.
FYE Mar 2022 14.0 +89.1% Cons.
FYE Mar 2023 15.4 +9.6% Cons.
FYE Mar 2024 14.3 −6.8% Cons.
FYE Mar 2025 20.2 +40.8% Cons.
FYE Mar 2026 18.9 −6.5% Cons.
Definition
What each employee accounts for in operating profit
Formula
Operating profit ÷ group employees
Source
Securities report (XBRL)

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