Financials

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

FYE Mar 2026 · Revenue¥1.84tnYoY −6.0%

FYE Mar 2026 · Operating profit¥61bnYoY +63.0%

FYE Mar 2026 · Net profit¥41bnYoY +19.1%

FYE Mar 2026 · Equity ratio24.5%YoY −4.0pp

FYE Mar 2026 · Group employees17,591YoY −861

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥1.30tn	n/a	¥60bn	n/a	4.6%	¥28bn	Takeuchi Akira	—
FYE Mar 2018Consolidated	¥1.60tn	+22.7%	¥73bn	+21.9%	4.6%	¥35bn	Takeuchi Akira	Luvata and other businesses are acquired
FYE Mar 2019Consolidated	¥1.66tn	+4.0%	¥37bn	−49.4%	2.2%	¥1.3bn	Takeuchi Akira	<a class="en-history_person" href="/tse/5711/executives/ceo/ono-naoki/" hreflang="ja">Ono Naoki</a> takes office as president
FYE Mar 2020Consolidated	¥1.52tn	−8.8%	¥38bn	+3.0%	2.5%	-¥73bn	Ono Naoki	Antimonopoly Act violation; a surcharge payment order is issued
FYE Mar 2021Consolidated	¥1.49tn	−2.0%	¥27bn	−30.0%	1.8%	¥24bn	Ono Naoki	The medium-term management strategy reshuffles the business portfolio
FYE Mar 2022Consolidated	¥1.81tn	+22.0%	¥53bn	+98.4%	2.9%	¥45bn	Ono Naoki	—
FYE Mar 2023Consolidated	¥1.63tn	−10.3%	¥50bn	−5.0%	3.1%	¥20bn	Ono Naoki	Withdrawal from the aluminium and can-making businesses
FYE Mar 2024Consolidated	¥1.54tn	−5.2%	¥23bn	−53.5%	1.5%	¥30bn	Ono Naoki	The polycrystalline silicon business is sold to SUMCO
FYE Mar 2025Consolidated	¥1.96tn	+27.4%	¥37bn	+59.5%	1.9%	¥34bn	Ono Naoki	—
FYE Mar 2026Consolidated	¥1.84tn	−6.0%	¥61bn	+63.0%	3.3%	¥41bn	Ono Naoki	—

How it compares

Mitsubishi Materials¥1.84tnFY2025Operating margin 3.3%

Sumitomo Metal Mining¥1.74tnFY2025Operating margin 14.7%

UACJ¥1.18tnFY2025Operating margin 6.5%

JX Advanced Metals Corporation¥885bnFY2025Operating margin 19.8%

Mitsui Kinzoku¥759bnFY2025Operating margin 17.3%Dowa Holdings¥745bnFY2025Operating margin 4.6%

Nippon Light Metal Holdings Company, Ltd.¥585bnFY2025Operating margin 4.4%

ARE Holdings¥570bnFY2025Operating margin 6.5%

FURUKAWA CO., LTD.¥211bnFY2025Operating margin 5.4%

Furuyakinzoku¥57bnFY2025Operating margin 16.6%

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 ¥1.84tn

CAGR · 10 yrs +3.9%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	1,304	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,600	+22.7%	Cons. · Japanese GAAP
FYE Mar 2019	1,663	+4.0%	Cons. · Japanese GAAP
FYE Mar 2020	1,516	−8.8%	Cons. · Japanese GAAP
FYE Mar 2021	1,485	−2.0%	Cons. · Japanese GAAP
FYE Mar 2022	1,812	+22.0%	Cons. · Japanese GAAP
FYE Mar 2023	1,626	−10.3%	Cons. · Japanese GAAP
FYE Mar 2024	1,541	−5.2%	Cons. · Japanese GAAP
FYE Mar 2025	1,962	+27.4%	Cons. · Japanese GAAP
FYE Mar 2026	1,844	−6.0%	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 ¥1.65tn

CAGR · 10 yrs +4.5%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	1,104	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,380	+24.9%	Cons. · Japanese GAAP
FYE Mar 2019	1,470	+6.5%	Cons. · Japanese GAAP
FYE Mar 2020	1,325	−9.8%	Cons. · Japanese GAAP
FYE Mar 2021	1,313	−1.0%	Cons. · Japanese GAAP
FYE Mar 2022	1,603	+22.1%	Cons. · Japanese GAAP
FYE Mar 2023	1,449	−9.6%	Cons. · Japanese GAAP
FYE Mar 2024	1,392	−3.9%	Cons. · Japanese GAAP
FYE Mar 2025	1,795	+28.9%	Cons. · Japanese GAAP
FYE Mar 2026	1,645	−8.4%	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 ¥199bn

CAGR · 10 yrs −0.0%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	200	n/a	Cons. · Japanese GAAP
FYE Mar 2018	220	+10.0%	Cons. · Japanese GAAP
FYE Mar 2019	193	−12.1%	Cons. · Japanese GAAP
FYE Mar 2020	191	−1.3%	Cons. · Japanese GAAP
FYE Mar 2021	172	−9.6%	Cons. · Japanese GAAP
FYE Mar 2022	209	+21.2%	Cons. · Japanese GAAP
FYE Mar 2023	177	−15.3%	Cons. · Japanese GAAP
FYE Mar 2024	148	−16.2%	Cons. · Japanese GAAP
FYE Mar 2025	167	+12.5%	Cons. · Japanese GAAP
FYE Mar 2026	199	+19.4%	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 ¥138bn

CAGR · 10 yrs −0.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	140	n/a	Cons. · Japanese GAAP
FYE Mar 2018	147	+5.0%	Cons. · Japanese GAAP
FYE Mar 2019	156	+6.4%	Cons. · Japanese GAAP
FYE Mar 2020	153	−2.2%	Cons. · Japanese GAAP
FYE Mar 2021	146	−4.5%	Cons. · Japanese GAAP
FYE Mar 2022	156	+7.1%	Cons. · Japanese GAAP
FYE Mar 2023	127	−18.8%	Cons. · Japanese GAAP
FYE Mar 2024	125	−1.4%	Cons. · Japanese GAAP
FYE Mar 2025	130	+3.7%	Cons. · Japanese GAAP
FYE Mar 2026	138	+6.9%	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 ¥61bn

CAGR · 10 yrs +0.1%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	59.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	72.8	+21.9%	Cons. · Japanese GAAP
FYE Mar 2019	36.9	−49.4%	Cons. · Japanese GAAP
FYE Mar 2020	38.0	+3.0%	Cons. · Japanese GAAP
FYE Mar 2021	26.6	−30.0%	Cons. · Japanese GAAP
FYE Mar 2022	52.7	+98.4%	Cons. · Japanese GAAP
FYE Mar 2023	50.1	−5.0%	Cons. · Japanese GAAP
FYE Mar 2024	23.3	−53.5%	Cons. · Japanese GAAP
FYE Mar 2025	37.1	+59.5%	Cons. · Japanese GAAP
FYE Mar 2026	60.5	+63.0%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥61bn

CAGR · 10 yrs +11.6%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	22.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.8	+21.8%	Cons. · Japanese GAAP
FYE Mar 2019	32.4	+16.7%	Cons. · Japanese GAAP
FYE Mar 2020	31.4	−3.2%	Cons. · Japanese GAAP
FYE Mar 2021	38.3	+22.1%	Cons. · Japanese GAAP
FYE Mar 2022	43.0	+12.2%	Cons. · Japanese GAAP
FYE Mar 2023	18.3	−57.5%	Cons. · Japanese GAAP
FYE Mar 2024	52.0	+184.4%	Cons. · Japanese GAAP
FYE Mar 2025	48.6	−6.4%	Cons. · Japanese GAAP
FYE Mar 2026	61.0	+25.5%	Cons. · Japanese GAAP

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

Non-operating expenses

FYE Mar 2026 ¥24bn

CAGR · 10 yrs +2.8%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	18.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.0	+12.5%	Cons. · Japanese GAAP
FYE Mar 2019	18.6	−11.4%	Cons. · Japanese GAAP
FYE Mar 2020	19.7	+6.0%	Cons. · Japanese GAAP
FYE Mar 2021	20.3	+3.1%	Cons. · Japanese GAAP
FYE Mar 2022	19.6	−3.6%	Cons. · Japanese GAAP
FYE Mar 2023	43.0	+119.7%	Cons. · Japanese GAAP
FYE Mar 2024	21.1	−50.9%	Cons. · Japanese GAAP
FYE Mar 2025	25.5	+20.7%	Cons. · Japanese GAAP
FYE Mar 2026	24.0	−6.0%	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 ¥98bn

CAGR · 10 yrs +4.8%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	63.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	79.6	+24.6%	Cons. · Japanese GAAP
FYE Mar 2019	50.7	−36.3%	Cons. · Japanese GAAP
FYE Mar 2020	49.6	−2.1%	Cons. · Japanese GAAP
FYE Mar 2021	44.5	−10.2%	Cons. · Japanese GAAP
FYE Mar 2022	76.1	+70.9%	Cons. · Japanese GAAP
FYE Mar 2023	25.3	−66.7%	Cons. · Japanese GAAP
FYE Mar 2024	54.1	+113.8%	Cons. · Japanese GAAP
FYE Mar 2025	60.2	+11.3%	Cons. · Japanese GAAP
FYE Mar 2026	97.6	+62.0%	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 ¥5.7bn

CAGR · 10 yrs −19.1%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	38.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.2	−63.2%	Cons. · Japanese GAAP
FYE Mar 2019	7.9	−44.1%	Cons. · Japanese GAAP
FYE Mar 2020	16.6	+109.1%	Cons. · Japanese GAAP
FYE Mar 2021	28.9	+74.4%	Cons. · Japanese GAAP
FYE Mar 2022	38.6	+33.7%	Cons. · Japanese GAAP
FYE Mar 2023	33.5	−13.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.8	−97.5%	Cons. · Japanese GAAP
FYE Mar 2025	12.7	+1407.3%	Cons. · Japanese GAAP
FYE Mar 2026	5.7	−54.7%	Cons. · Japanese GAAP

Definition: One-off gains, such as an asset sale
Formula: Extraordinary income line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥41bn

CAGR · 10 yrs +4.1%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	28.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	34.6	+22.0%	Cons. · Japanese GAAP
FYE Mar 2019	1.3	−96.2%	Cons. · Japanese GAAP
FYE Mar 2020	-72.9	−5712.5%	Cons. · Japanese GAAP
FYE Mar 2021	24.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	45.0	+84.4%	Cons. · Japanese GAAP
FYE Mar 2023	20.3	−54.8%	Cons. · Japanese GAAP
FYE Mar 2024	29.8	+46.5%	Cons. · Japanese GAAP
FYE Mar 2025	34.1	+14.4%	Cons. · Japanese GAAP
FYE Mar 2026	40.6	+19.1%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 10.8%

Average · 10 yrs 11.6%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	15.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.7	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2019	11.6	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	12.6	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	11.6	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	11.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	10.9	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	9.6	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2025	8.5	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	10.8	+2.3pp	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 3.3%

Average · 10 yrs 2.8%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	4.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	2.2	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2020	2.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	1.8	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	2.9	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	3.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	1.5	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2025	1.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	3.3	+1.4pp	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 5.3%

Average · 10 yrs 3.7%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	4.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	3.0	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	3.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	3.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	4.2	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	1.6	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2024	3.5	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2025	3.1	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	5.3	+2.2pp	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 2.2%

Average · 10 yrs 1.1%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.2	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	0.1	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	-4.8	−4.9pp	Cons. · Japanese GAAP
FYE Mar 2021	1.6	+6.4pp	Cons. · Japanese GAAP
FYE Mar 2022	2.5	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2023	1.3	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	1.9	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	1.7	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	2.2	+0.5pp	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 89.2%

Average · 10 yrs 88.4%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	84.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	86.3	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2019	88.4	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	87.4	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	88.4	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	88.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	89.1	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	90.4	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2025	91.5	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	89.2	−2.3pp	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 7.5%

Average · 10 yrs 8.8%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	10.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.2	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	9.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	10.1	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	9.8	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	8.6	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	7.8	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	8.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	6.6	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2026	7.5	+0.9pp	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 ¥3.00tn

CAGR · 10 yrs +5.2%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	1,897	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,011	+6.0%	Cons. · Japanese GAAP
FYE Mar 2019	1,938	−3.6%	Cons. · Japanese GAAP
FYE Mar 2020	1,904	−1.8%	Cons. · Japanese GAAP
FYE Mar 2021	2,036	+6.9%	Cons. · Japanese GAAP
FYE Mar 2022	2,125	+4.4%	Cons. · Japanese GAAP
FYE Mar 2023	1,892	−11.0%	Cons. · Japanese GAAP
FYE Mar 2024	2,168	+14.6%	Cons. · Japanese GAAP
FYE Mar 2025	2,375	+9.6%	Cons. · Japanese GAAP
FYE Mar 2026	3,000	+26.3%	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 ¥736bn

CAGR · 10 yrs +1.9%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	621	n/a	Cons. · Japanese GAAP
FYE Mar 2018	682	+9.8%	Cons. · Japanese GAAP
FYE Mar 2019	634	−7.2%	Cons. · Japanese GAAP
FYE Mar 2020	507	−20.0%	Cons. · Japanese GAAP
FYE Mar 2021	545	+7.6%	Cons. · Japanese GAAP
FYE Mar 2022	585	+7.3%	Cons. · Japanese GAAP
FYE Mar 2023	593	+1.5%	Cons. · Japanese GAAP
FYE Mar 2024	654	+10.2%	Cons. · Japanese GAAP
FYE Mar 2025	677	+3.6%	Cons. · Japanese GAAP
FYE Mar 2026	736	+8.7%	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 ¥442bn

CAGR · 10 yrs −0.4%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	458	n/a	Cons. · Japanese GAAP
FYE Mar 2018	446	−2.6%	Cons. · Japanese GAAP
FYE Mar 2019	440	−1.5%	Cons. · Japanese GAAP
FYE Mar 2020	438	−0.5%	Cons. · Japanese GAAP
FYE Mar 2021	529	+21.0%	Cons. · Japanese GAAP
FYE Mar 2022	499	−5.8%	Cons. · Japanese GAAP
FYE Mar 2023	439	−12.1%	Cons. · Japanese GAAP
FYE Mar 2024	498	+13.6%	Cons. · Japanese GAAP
FYE Mar 2025	493	−1.0%	Cons. · Japanese GAAP
FYE Mar 2026	442	−10.3%	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 ¥282bn

CAGR · 10 yrs +2.9%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	219	n/a	Cons. · Japanese GAAP
FYE Mar 2018	231	+5.6%	Cons. · Japanese GAAP
FYE Mar 2019	185	−19.9%	Cons. · Japanese GAAP
FYE Mar 2020	241	+30.2%	Cons. · Japanese GAAP
FYE Mar 2021	236	−2.2%	Cons. · Japanese GAAP
FYE Mar 2022	211	−10.3%	Cons. · Japanese GAAP
FYE Mar 2023	182	−13.9%	Cons. · Japanese GAAP
FYE Mar 2024	223	+22.4%	Cons. · Japanese GAAP
FYE Mar 2025	328	+47.4%	Cons. · Japanese GAAP
FYE Mar 2026	282	−14.2%	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 ¥160bn

CAGR · 10 yrs −5.0%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	254	n/a	Cons. · Japanese GAAP
FYE Mar 2018	240	−5.5%	Cons. · Japanese GAAP
FYE Mar 2019	260	+8.1%	Cons. · Japanese GAAP
FYE Mar 2020	247	−5.0%	Cons. · Japanese GAAP
FYE Mar 2021	354	+43.5%	Cons. · Japanese GAAP
FYE Mar 2022	327	−7.5%	Cons. · Japanese GAAP
FYE Mar 2023	292	−10.9%	Cons. · Japanese GAAP
FYE Mar 2024	315	+8.2%	Cons. · Japanese GAAP
FYE Mar 2025	185	−41.4%	Cons. · Japanese GAAP
FYE Mar 2026	160	−13.3%	Cons. · Japanese GAAP

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

Bonds

FYE Mar 2026 n/a

CAGR · 9 yrs +7.8%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	55.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	50.0	−9.1%	Cons. · Japanese GAAP
FYE Mar 2019	50.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	60.0	+20.0%	Cons. · Japanese GAAP
FYE Mar 2021	40.0	−33.3%	Cons. · Japanese GAAP
FYE Mar 2022	70.0	+75.0%	Cons. · Japanese GAAP
FYE Mar 2023	70.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	80.0	+14.3%	Cons. · Japanese GAAP
FYE Mar 2025	100	+25.0%	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

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

Intangible assets

FYE Mar 2026 ¥47bn

CAGR · 10 yrs −2.4%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	58.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	64.6	+10.2%	Cons. · Japanese GAAP
FYE Mar 2019	58.7	−9.0%	Cons. · Japanese GAAP
FYE Mar 2020	51.5	−12.3%	Cons. · Japanese GAAP
FYE Mar 2021	46.4	−9.8%	Cons. · Japanese GAAP
FYE Mar 2022	48.6	+4.6%	Cons. · Japanese GAAP
FYE Mar 2023	28.8	−40.8%	Cons. · Japanese GAAP
FYE Mar 2024	29.3	+2.0%	Cons. · Japanese GAAP
FYE Mar 2025	53.1	+81.0%	Cons. · Japanese GAAP
FYE Mar 2026	46.9	−11.6%	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 ¥20bn

CAGR · 10 yrs −8.5%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	43.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	44.6	+2.8%	Cons. · Japanese GAAP
FYE Mar 2019	40.8	−8.6%	Cons. · Japanese GAAP
FYE Mar 2020	35.6	−12.8%	Cons. · Japanese GAAP
FYE Mar 2021	31.7	−11.0%	Cons. · Japanese GAAP
FYE Mar 2022	29.4	−7.3%	Cons. · Japanese GAAP
FYE Mar 2023	9.2	−68.6%	Cons. · Japanese GAAP
FYE Mar 2024	8.0	−13.0%	Cons. · Japanese GAAP
FYE Mar 2025	32.8	+308.8%	Cons. · Japanese GAAP
FYE Mar 2026	19.6	−40.3%	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 24.5%

Average · 10 yrs 29.5%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	32.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.9	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	32.7	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	26.6	−6.1pp	Cons. · Japanese GAAP
FYE Mar 2021	26.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	27.5	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	31.4	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2024	30.2	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	28.5	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2026	24.5	−4.0pp	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 60.1%

Average · 10 yrs 76.0%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	73.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	65.4	−8.3pp	Cons. · Japanese GAAP
FYE Mar 2019	69.4	+4.0pp	Cons. · Japanese GAAP
FYE Mar 2020	86.4	+16.9pp	Cons. · Japanese GAAP
FYE Mar 2021	97.1	+10.8pp	Cons. · Japanese GAAP
FYE Mar 2022	85.3	−11.8pp	Cons. · Japanese GAAP
FYE Mar 2023	73.9	−11.4pp	Cons. · Japanese GAAP
FYE Mar 2024	76.2	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2025	72.8	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2026	60.1	−12.8pp	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 5.5%

Average · 10 yrs 2.6%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	4.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.1	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	0.2	−4.9pp	Cons. · Japanese GAAP
FYE Mar 2020	-14.4	−14.6pp	Cons. · Japanese GAAP
FYE Mar 2021	4.5	+18.9pp	Cons. · Japanese GAAP
FYE Mar 2022	7.7	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2023	3.4	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2024	4.6	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	5.0	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	5.5	+0.5pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 1.4%

Average · 10 yrs 0.8%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	0.1	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	-3.8	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2021	1.2	+5.0pp	Cons. · Japanese GAAP
FYE Mar 2022	2.1	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	1.1	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	1.4	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	1.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	1.4	−0.1pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.61×

CAGR · 10 yrs −1.2%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.69	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.80	+15.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.86	+7.9%	Cons. · Japanese GAAP
FYE Mar 2020	0.80	−7.2%	Cons. · Japanese GAAP
FYE Mar 2021	0.73	−8.4%	Cons. · Japanese GAAP
FYE Mar 2022	0.85	+16.9%	Cons. · Japanese GAAP
FYE Mar 2023	0.86	+0.8%	Cons. · Japanese GAAP
FYE Mar 2024	0.71	−17.3%	Cons. · Japanese GAAP
FYE Mar 2025	0.83	+16.2%	Cons. · Japanese GAAP
FYE Mar 2026	0.61	−25.6%	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 ¥40bn

CAGR · 10 yrs −11.2%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	116	n/a	Cons. · Japanese GAAP
FYE Mar 2018	50.7	−56.1%	Cons. · Japanese GAAP
FYE Mar 2019	140	+176.4%	Cons. · Japanese GAAP
FYE Mar 2020	67.5	−51.8%	Cons. · Japanese GAAP
FYE Mar 2021	78.4	+16.1%	Cons. · Japanese GAAP
FYE Mar 2022	6.9	−91.2%	Cons. · Japanese GAAP
FYE Mar 2023	45.2	+555.6%	Cons. · Japanese GAAP
FYE Mar 2024	51.4	+13.7%	Cons. · Japanese GAAP
FYE Mar 2025	58.9	+14.7%	Cons. · Japanese GAAP
FYE Mar 2026	39.7	−32.6%	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 -¥35bn

Average · 10 yrs -¥63bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-26.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-84.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-86.2	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-66.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-102	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-3.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-44.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-103	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-79.4	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-35.0	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 ¥23bn

Average · 10 yrs ¥3.7bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-15.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-11.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-47.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	28.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	41.5	+43.8%	Cons. · Japanese GAAP
FYE Mar 2022	-5.1	−112.2%	Cons. · Japanese GAAP
FYE Mar 2023	3.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	32.9	+847.9%	Cons. · Japanese GAAP
FYE Mar 2025	-13.2	−140.1%	Cons. · Japanese GAAP
FYE Mar 2026	23.2	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 ¥122bn

CAGR · 10 yrs −0.9%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	133	n/a	Cons. · Japanese GAAP
FYE Mar 2018	87.4	−34.1%	Cons. · Japanese GAAP
FYE Mar 2019	99.7	+14.1%	Cons. · Japanese GAAP
FYE Mar 2020	127	+27.7%	Cons. · Japanese GAAP
FYE Mar 2021	148	+15.9%	Cons. · Japanese GAAP
FYE Mar 2022	154	+4.1%	Cons. · Japanese GAAP
FYE Mar 2023	141	−8.2%	Cons. · Japanese GAAP
FYE Mar 2024	131	−7.0%	Cons. · Japanese GAAP
FYE Mar 2025	88.6	−32.4%	Cons. · Japanese GAAP
FYE Mar 2026	122	+37.3%	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 ¥4.6bn

CAGR · 10 yrs −28.0%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	89.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-33.2	−137.4%	Cons. · Japanese GAAP
FYE Mar 2019	53.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	0.6	−98.8%	Cons. · Japanese GAAP
FYE Mar 2021	-23.3	−3704.5%	Cons. · Japanese GAAP
FYE Mar 2022	3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	1.2	−68.0%	Cons. · Japanese GAAP
FYE Mar 2024	-51.6	−4480.6%	Cons. · Japanese GAAP
FYE Mar 2025	-20.5	n/a	Cons. · Japanese GAAP
FYE Mar 2026	4.6	n/a	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 2.2%

Average · 10 yrs 4.2%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	8.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.2	−5.7pp	Cons. · Japanese GAAP
FYE Mar 2019	8.4	+5.3pp	Cons. · Japanese GAAP
FYE Mar 2020	4.5	−4.0pp	Cons. · Japanese GAAP
FYE Mar 2021	5.3	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	0.4	−4.9pp	Cons. · Japanese GAAP
FYE Mar 2023	2.8	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2024	3.3	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	3.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	2.2	−0.8pp	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 -¥320bn

Average · 10 yrs -¥345bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-326	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-359	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-340	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-310	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-382	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-345	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-297	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-367	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-404	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-320	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 ¥633bn

Change · 9 yrs +¥189bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	444	n/a
FYE Mar 2018	420	n/a
FYE Mar 2019	384	n/a
FYE Mar 2020	n/a	n/a
FYE Mar 2021	339	n/a
FYE Mar 2022	281	n/a
FYE Mar 2023	284	n/a
FYE Mar 2024	384	n/a
FYE Mar 2025	322	n/a
FYE Mar 2026	633	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 4,814¥

Change · 9 yrs +1,437¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	3,376	n/a
FYE Mar 2018	3,196	n/a
FYE Mar 2019	2,922	n/a
FYE Mar 2020	n/a	n/a
FYE Mar 2021	2,577	n/a
FYE Mar 2022	2,136	n/a
FYE Mar 2023	2,163	n/a
FYE Mar 2024	2,919	n/a
FYE Mar 2025	2,452	n/a
FYE Mar 2026	4,814	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 131,489,535shares

Change · 10 yrs −0 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	131,489,535	Parent
FYE Mar 2018	131,489,535	Parent
FYE Mar 2019	131,489,535	Parent
FYE Mar 2020	131,489,535	Parent
FYE Mar 2021	131,489,535	Parent
FYE Mar 2022	131,489,535	Parent
FYE Mar 2023	131,489,535	Parent
FYE Mar 2024	131,489,535	Parent
FYE Mar 2025	131,489,535	Parent
FYE Mar 2026	131,489,535	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 310.56¥

Change · 10 yrs +94.12¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	216.44	Cons.
FYE Mar 2018	264.15	Cons.
FYE Mar 2019	9.92	Cons.
FYE Mar 2020	-556.34	Cons.
FYE Mar 2021	186.71	Cons.
FYE Mar 2022	344.56	Cons.
FYE Mar 2023	155.60	Cons.
FYE Mar 2024	228.07	Cons.
FYE Mar 2025	260.82	Cons.
FYE Mar 2026	310.56	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 5,598.26¥

Change · 10 yrs +873.30¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	4,724.95	Cons. · Japanese GAAP
FYE Mar 2018	5,190.31	Cons. · Japanese GAAP
FYE Mar 2019	4,818.51	Cons. · Japanese GAAP
FYE Mar 2020	3,854.16	Cons. · Japanese GAAP
FYE Mar 2021	4,146.59	Cons. · Japanese GAAP
FYE Mar 2022	4,447.63	Cons. · Japanese GAAP
FYE Mar 2023	4,512.34	Cons. · Japanese GAAP
FYE Mar 2024	4,971.06	Cons. · Japanese GAAP
FYE Mar 2025	5,150.60	Cons. · Japanese GAAP
FYE Mar 2026	5,598.26	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 15.50×

Average · 9 yrs 43.77×

Fiscal year	PER ×	Basis
FYE Mar 2017	15.60	Cons.
FYE Mar 2018	12.10	Cons.
FYE Mar 2019	294.60	Cons.
FYE Mar 2020	n/a	Cons.
FYE Mar 2021	13.80	Cons.
FYE Mar 2022	6.20	Cons.
FYE Mar 2023	13.90	Cons.
FYE Mar 2024	12.80	Cons.
FYE Mar 2025	9.40	Cons.
FYE Mar 2026	15.50	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 0.85×

Average · 9 yrs 0.60×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.71	Cons.
FYE Mar 2018	0.61	Cons.
FYE Mar 2019	0.60	Cons.
FYE Mar 2020	n/a	Cons.
FYE Mar 2021	0.62	Cons.
FYE Mar 2022	0.48	Cons.
FYE Mar 2023	0.48	Cons.
FYE Mar 2024	0.58	Cons.
FYE Mar 2025	0.47	Cons.
FYE Mar 2026	0.85	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 17,591people

Change · 10 yrs −7,268 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	24,859	n/a	Cons.
FYE Mar 2018	26,959	+8.4%	Cons.
FYE Mar 2019	28,426	+5.4%	Cons.
FYE Mar 2020	28,601	+0.6%	Cons.
FYE Mar 2021	27,162	−5.0%	Cons.
FYE Mar 2022	23,711	−12.7%	Cons.
FYE Mar 2023	18,576	−21.7%	Cons.
FYE Mar 2024	18,323	−1.4%	Cons.
FYE Mar 2025	18,452	+0.7%	Cons.
FYE Mar 2026	17,591	−4.7%	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 5,084people

Change · 10 yrs +504 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	4,580	n/a	Parent
FYE Mar 2018	4,664	+1.8%	Parent
FYE Mar 2019	4,807	+3.1%	Parent
FYE Mar 2020	4,906	+2.1%	Parent
FYE Mar 2021	6,153	+25.4%	Parent
FYE Mar 2022	6,208	+0.9%	Parent
FYE Mar 2023	5,450	−12.2%	Parent
FYE Mar 2024	5,408	−0.8%	Parent
FYE Mar 2025	5,315	−1.7%	Parent
FYE Mar 2026	5,084	−4.3%	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 ¥7.3m

Change · 10 yrs +¥0.2m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	7.2	n/a	Parent
FYE Mar 2018	7.0	−2.3%	Parent
FYE Mar 2019	7.2	+2.7%	Parent
FYE Mar 2020	6.5	−8.9%	Parent
FYE Mar 2021	6.6	+0.5%	Parent
FYE Mar 2022	6.7	+1.3%	Parent
FYE Mar 2023	7.0	+4.7%	Parent
FYE Mar 2024	7.1	+1.8%	Parent
FYE Mar 2025	7.1	+0.6%	Parent
FYE Mar 2026	7.3	+2.6%	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 43.0years

Change · 8 yrs +1.8 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	41.2	n/a	Parent
FYE Mar 2020	41.3	+0.2%	Parent
FYE Mar 2021	41.8	+1.2%	Parent
FYE Mar 2022	42.0	+0.5%	Parent
FYE Mar 2023	42.2	+0.5%	Parent
FYE Mar 2024	42.6	+0.9%	Parent
FYE Mar 2025	43.2	+1.4%	Parent
FYE Mar 2026	43.0	−0.5%	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 19.0years

Change · 10 yrs +1.5 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	17.5	n/a	Parent
FYE Mar 2018	17.5	−0.0%	Parent
FYE Mar 2019	17.1	−2.3%	Parent
FYE Mar 2020	17.3	+1.2%	Parent
FYE Mar 2021	17.6	+1.7%	Parent
FYE Mar 2022	17.7	+0.6%	Parent
FYE Mar 2023	17.8	+0.6%	Parent
FYE Mar 2024	18.2	+2.2%	Parent
FYE Mar 2025	18.5	+1.6%	Parent
FYE Mar 2026	19.0	+2.7%	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 1,686people

Change · 10 yrs −3,266 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	4,952	n/a	n/a
FYE Mar 2018	5,110	+3.2%	n/a
FYE Mar 2019	5,653	+10.6%	n/a
FYE Mar 2020	5,659	+0.1%	n/a
FYE Mar 2021	4,403	−22.2%	n/a
FYE Mar 2022	3,805	−13.6%	n/a
FYE Mar 2023	2,765	−27.3%	n/a
FYE Mar 2024	2,325	−15.9%	n/a
FYE Mar 2025	1,950	−16.1%	n/a
FYE Mar 2026	1,686	−13.5%	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 ¥105m

Change · 10 yrs +¥52.4m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	52.5	n/a	Cons.
FYE Mar 2018	59.3	+13.1%	Cons.
FYE Mar 2019	58.5	−1.4%	Cons.
FYE Mar 2020	53.0	−9.4%	Cons.
FYE Mar 2021	54.7	+3.1%	Cons.
FYE Mar 2022	76.4	+39.7%	Cons.
FYE Mar 2023	87.5	+14.6%	Cons.
FYE Mar 2024	84.1	−3.9%	Cons.
FYE Mar 2025	106	+26.5%	Cons.
FYE Mar 2026	105	−1.4%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥3.4m

Change · 10 yrs +¥1.0m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.4	n/a	Cons.
FYE Mar 2018	2.7	+12.4%	Cons.
FYE Mar 2019	1.3	−52.0%	Cons.
FYE Mar 2020	1.3	+2.3%	Cons.
FYE Mar 2021	1.0	−26.3%	Cons.
FYE Mar 2022	2.2	+127.3%	Cons.
FYE Mar 2023	2.7	+21.3%	Cons.
FYE Mar 2024	1.3	−52.9%	Cons.
FYE Mar 2025	2.0	+58.4%	Cons.
FYE Mar 2026	3.4	+71.0%	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

Mitsubishi Materials’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/5711/company.json ·/api/5711/history.json ·/api/5711/ceo.json ·/api/5711/financials.json ·/api/5711/financials/segment.json ·/api/5711/financials/pl.json ·/api/5711/financials/cf.json ·/api/5711/financials/bs.json ·/api/5711/financials/employee.json ·/api/5711/financials/stock.json ·/api/5711/financials.csv ·/api/5711/financials_history.csv

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