Financials

SWCC: FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥278bnYoY +16.8%

FYE Mar 2026 · Operating profit¥27bnYoY +30.5%

FYE Mar 2026 · Net profit¥19bnYoY +65.3%

FYE Mar 2026 · Equity ratio47.6%YoY +5.2pp

FYE Mar 2026 · Group employees4,813YoY −132

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥155bn	n/a	¥4.2bn	n/a	2.7%	¥2.0bn	Aihara Masanori	<a class="en-history_person" href="/tse/5805/executives/ceo/nakajima-fumiaki/" hreflang="ja">Nakajima Fumiaki</a> becomes president; restructuring plan
FYE Mar 2018Consolidated	¥168bn	+8.3%	¥6.3bn	+48.2%	3.7%	¥3.7bn	Nakajima Fumiaki	Operating subsidiaries consolidated into one
FYE Mar 2019Consolidated	¥177bn	+5.3%	¥6.6bn	+5.8%	3.7%	¥4.6bn	Nakajima Fumiaki	<a class="en-history_person" href="/tse/5805/executives/ceo/hasegawa-takayo/" hreflang="ja">Hasegawa Takayo</a> becomes president — the industry’s first female CEO
FYE Mar 2020Consolidated	¥171bn	−3.4%	¥8.6bn	+29.7%	5.0%	¥5.5bn	Hasegawa Takayo	ROIC adopted group-wide; commodity cable sales merged with Furukawa
FYE Mar 2021Consolidated	¥162bn	−5.5%	¥7.6bn	−11.8%	4.7%	¥5.0bn	Hasegawa Takayo	—
FYE Mar 2022Consolidated	¥199bn	+23.2%	¥10bn	+32.3%	5.0%	¥9.4bn	Hasegawa Takayo	—
FYE Mar 2023Consolidated	¥209bn	+5.0%	¥10bn	+4.3%	5.0%	¥9.4bn	Hasegawa Takayo	—
FYE Mar 2024Consolidated	¥214bn	+2.3%	¥13bn	+22.4%	6.0%	¥8.8bn	Hasegawa Takayo	Renamed SWCC; holding structure unwound
FYE Mar 2025Consolidated	¥238bn	+11.2%	¥21bn	+63.2%	8.8%	¥11bn	Hasegawa Takayo	—
FYE Mar 2026Consolidated	¥278bn	+16.8%	¥27bn	+30.5%	9.8%	¥19bn	Hasegawa Takayo	TOTOKU acquired; <a class="en-history_person" href="/tse/5805/executives/ceo/komata-tetsuo/" hreflang="ja">Komata Tetsuo</a> becomes president and CEO

How it compares

Furukawa Electric¥1.31tnFY2025Operating margin 4.9%Fujikura¥1.18tnFY2025Operating margin 16.0%

SWCC¥278bnFY2025Operating margin 9.8%

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 ¥278bn

CAGR · 10 yrs +6.7%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	155	n/a	Cons. · Japanese GAAP
FYE Mar 2018	168	+8.3%	Cons. · Japanese GAAP
FYE Mar 2019	177	+5.3%	Cons. · Japanese GAAP
FYE Mar 2020	171	−3.4%	Cons. · Japanese GAAP
FYE Mar 2021	162	−5.5%	Cons. · Japanese GAAP
FYE Mar 2022	199	+23.2%	Cons. · Japanese GAAP
FYE Mar 2023	209	+5.0%	Cons. · Japanese GAAP
FYE Mar 2024	214	+2.3%	Cons. · Japanese GAAP
FYE Mar 2025	238	+11.2%	Cons. · Japanese GAAP
FYE Mar 2026	278	+16.8%	Cons. · Japanese GAAP

Definition: Everything the company took in from its own business
Formula: Revenue line of the income statement
Source: Securities report (XBRL)

Cost of sales

FYE Mar 2026 ¥227bn

CAGR · 10 yrs +5.9%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	135	n/a	Cons. · Japanese GAAP
FYE Mar 2018	147	+8.4%	Cons. · Japanese GAAP
FYE Mar 2019	155	+6.1%	Cons. · Japanese GAAP
FYE Mar 2020	147	−5.2%	Cons. · Japanese GAAP
FYE Mar 2021	140	−5.1%	Cons. · Japanese GAAP
FYE Mar 2022	174	+24.2%	Cons. · Japanese GAAP
FYE Mar 2023	183	+5.4%	Cons. · Japanese GAAP
FYE Mar 2024	185	+0.9%	Cons. · Japanese GAAP
FYE Mar 2025	199	+7.7%	Cons. · Japanese GAAP
FYE Mar 2026	227	+14.0%	Cons. · Japanese GAAP

Definition: The cost of what was sold
Formula: Cost of sales line of the income statement
Source: Securities report (XBRL)

Gross profit

FYE Mar 2026 ¥51bn

CAGR · 10 yrs +10.8%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	20.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.6	+7.7%	Cons. · Japanese GAAP
FYE Mar 2019	21.7	+0.3%	Cons. · Japanese GAAP
FYE Mar 2020	23.7	+9.3%	Cons. · Japanese GAAP
FYE Mar 2021	21.8	−8.3%	Cons. · Japanese GAAP
FYE Mar 2022	25.4	+16.5%	Cons. · Japanese GAAP
FYE Mar 2023	25.8	+1.8%	Cons. · Japanese GAAP
FYE Mar 2024	29.0	+12.3%	Cons. · Japanese GAAP
FYE Mar 2025	38.6	+33.4%	Cons. · Japanese GAAP
FYE Mar 2026	50.6	+31.0%	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 ¥23bn

CAGR · 10 yrs +4.4%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	15.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.4	−3.1%	Cons. · Japanese GAAP
FYE Mar 2019	15.1	−1.9%	Cons. · Japanese GAAP
FYE Mar 2020	15.1	+0.3%	Cons. · Japanese GAAP
FYE Mar 2021	14.2	−6.3%	Cons. · Japanese GAAP
FYE Mar 2022	15.3	+8.1%	Cons. · Japanese GAAP
FYE Mar 2023	15.3	+0.1%	Cons. · Japanese GAAP
FYE Mar 2024	16.1	+5.3%	Cons. · Japanese GAAP
FYE Mar 2025	17.7	+9.7%	Cons. · Japanese GAAP
FYE Mar 2026	23.3	+31.6%	Cons. · Japanese GAAP

Definition: The cost of selling and of running the company
Formula: SG&A line of the income statement
Source: Securities report (XBRL)

Operating profit

FYE Mar 2026 ¥27bn

CAGR · 10 yrs +23.0%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	4.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.3	+48.2%	Cons. · Japanese GAAP
FYE Mar 2019	6.6	+5.8%	Cons. · Japanese GAAP
FYE Mar 2020	8.6	+29.7%	Cons. · Japanese GAAP
FYE Mar 2021	7.6	−11.8%	Cons. · Japanese GAAP
FYE Mar 2022	10.0	+32.3%	Cons. · Japanese GAAP
FYE Mar 2023	10.5	+4.3%	Cons. · Japanese GAAP
FYE Mar 2024	12.8	+22.4%	Cons. · Japanese GAAP
FYE Mar 2025	20.9	+63.2%	Cons. · Japanese GAAP
FYE Mar 2026	27.3	+30.5%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥1.6bn

CAGR · 10 yrs +21.2%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.4	+32.0%	Cons. · Japanese GAAP
FYE Mar 2019	0.7	+74.7%	Cons. · Japanese GAAP
FYE Mar 2020	0.4	−37.9%	Cons. · Japanese GAAP
FYE Mar 2021	1.1	+177.4%	Cons. · Japanese GAAP
FYE Mar 2022	1.0	−14.3%	Cons. · Japanese GAAP
FYE Mar 2023	1.0	+4.9%	Cons. · Japanese GAAP
FYE Mar 2024	0.7	−28.2%	Cons. · Japanese GAAP
FYE Mar 2025	0.7	−6.9%	Cons. · Japanese GAAP
FYE Mar 2026	1.6	+135.7%	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 ¥2.8bn

CAGR · 10 yrs +3.4%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	2.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.8	−15.2%	Cons. · Japanese GAAP
FYE Mar 2019	1.7	−3.8%	Cons. · Japanese GAAP
FYE Mar 2020	1.2	−31.9%	Cons. · Japanese GAAP
FYE Mar 2021	1.0	−17.3%	Cons. · Japanese GAAP
FYE Mar 2022	1.1	+17.7%	Cons. · Japanese GAAP
FYE Mar 2023	1.1	−2.6%	Cons. · Japanese GAAP
FYE Mar 2024	1.3	+22.3%	Cons. · Japanese GAAP
FYE Mar 2025	10.3	+672.9%	Cons. · Japanese GAAP
FYE Mar 2026	2.8	−73.0%	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 ¥26bn

CAGR · 10 yrs +30.1%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	2.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.9	+100.0%	Cons. · Japanese GAAP
FYE Mar 2019	5.6	+14.5%	Cons. · Japanese GAAP
FYE Mar 2020	7.9	+40.4%	Cons. · Japanese GAAP
FYE Mar 2021	7.8	−1.3%	Cons. · Japanese GAAP
FYE Mar 2022	9.9	+27.3%	Cons. · Japanese GAAP
FYE Mar 2023	10.4	+5.2%	Cons. · Japanese GAAP
FYE Mar 2024	12.2	+17.5%	Cons. · Japanese GAAP
FYE Mar 2025	11.3	−7.7%	Cons. · Japanese GAAP
FYE Mar 2026	26.1	+131.8%	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 ¥3.1bn

CAGR · 10 yrs +29.4%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.0	−95.4%	Cons. · Japanese GAAP
FYE Mar 2019	0.0	+250.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.1	+106.1%	Cons. · Japanese GAAP
FYE Mar 2021	0.1	−25.7%	Cons. · Japanese GAAP
FYE Mar 2022	2.3	+2977.3%	Cons. · Japanese GAAP
FYE Mar 2023	3.6	+57.6%	Cons. · Japanese GAAP
FYE Mar 2024	1.4	−61.2%	Cons. · Japanese GAAP
FYE Mar 2025	9.7	+586.7%	Cons. · Japanese GAAP
FYE Mar 2026	3.1	−67.9%	Cons. · Japanese GAAP

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

Extraordinary loss

FYE Mar 2026 n/a

CAGR · 4 yrs −36.4%

Fiscal year	Extraordinary loss ¥ m	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	816	n/a	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	879	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	519	n/a	Cons. · Japanese GAAP
FYE Mar 2025	210	−59.5%	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

Definition: One-off losses, such as an impairment or a restructuring charge
Formula: Extraordinary loss line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥19bn

CAGR · 10 yrs +28.5%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.7	+89.1%	Cons. · Japanese GAAP
FYE Mar 2019	4.6	+22.3%	Cons. · Japanese GAAP
FYE Mar 2020	5.5	+19.6%	Cons. · Japanese GAAP
FYE Mar 2021	5.0	−9.1%	Cons. · Japanese GAAP
FYE Mar 2022	9.4	+88.3%	Cons. · Japanese GAAP
FYE Mar 2023	9.4	+0.6%	Cons. · Japanese GAAP
FYE Mar 2024	8.8	−6.1%	Cons. · Japanese GAAP
FYE Mar 2025	11.4	+29.0%	Cons. · Japanese GAAP
FYE Mar 2026	18.8	+65.3%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 18.2%

Average · 10 yrs 13.8%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	12.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	12.3	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	13.9	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	13.5	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	12.7	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	12.3	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	13.5	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	16.2	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2026	18.2	+2.0pp	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 9.8%

Average · 10 yrs 5.5%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	2.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.7	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	3.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	5.0	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	4.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	5.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	5.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	6.0	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2025	8.8	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2026	9.8	+1.0pp	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 9.4%

Average · 10 yrs 4.7%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.9	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	3.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	4.6	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	4.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	5.0	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	5.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	5.7	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	4.7	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	9.4	+4.7pp	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 6.8%

Average · 10 yrs 3.7%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	1.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.2	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	2.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	3.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	3.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	4.7	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	4.5	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	4.1	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	4.8	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	6.8	+2.0pp	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 81.8%

Average · 10 yrs 86.2%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	87.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	87.1	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	87.7	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	86.1	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	86.5	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	87.3	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	87.7	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	86.5	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	83.8	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2026	81.8	−2.0pp	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 8.4%

Average · 10 yrs 8.4%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	10.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.1	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	8.5	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	8.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	8.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	7.7	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	7.3	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	7.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	7.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	8.4	+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 ¥207bn

CAGR · 10 yrs +6.3%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	120	n/a	Cons. · Japanese GAAP
FYE Mar 2018	124	+3.3%	Cons. · Japanese GAAP
FYE Mar 2019	124	+0.5%	Cons. · Japanese GAAP
FYE Mar 2020	123	−1.3%	Cons. · Japanese GAAP
FYE Mar 2021	129	+5.7%	Cons. · Japanese GAAP
FYE Mar 2022	147	+13.8%	Cons. · Japanese GAAP
FYE Mar 2023	157	+6.3%	Cons. · Japanese GAAP
FYE Mar 2024	162	+3.1%	Cons. · Japanese GAAP
FYE Mar 2025	198	+22.4%	Cons. · Japanese GAAP
FYE Mar 2026	207	+4.6%	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 ¥98bn

CAGR · 10 yrs +14.9%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	28.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	32.9	+16.7%	Cons. · Japanese GAAP
FYE Mar 2019	34.9	+6.3%	Cons. · Japanese GAAP
FYE Mar 2020	39.6	+13.3%	Cons. · Japanese GAAP
FYE Mar 2021	47.6	+20.2%	Cons. · Japanese GAAP
FYE Mar 2022	58.3	+22.5%	Cons. · Japanese GAAP
FYE Mar 2023	67.5	+15.8%	Cons. · Japanese GAAP
FYE Mar 2024	75.9	+12.4%	Cons. · Japanese GAAP
FYE Mar 2025	83.7	+10.2%	Cons. · Japanese GAAP
FYE Mar 2026	98.4	+17.6%	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 ¥39bn

CAGR · 10 yrs −2.5%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	49.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	47.6	−4.4%	Cons. · Japanese GAAP
FYE Mar 2019	45.6	−4.3%	Cons. · Japanese GAAP
FYE Mar 2020	41.1	−9.8%	Cons. · Japanese GAAP
FYE Mar 2021	36.6	−11.1%	Cons. · Japanese GAAP
FYE Mar 2022	38.2	+4.5%	Cons. · Japanese GAAP
FYE Mar 2023	40.4	+5.8%	Cons. · Japanese GAAP
FYE Mar 2024	29.8	−26.4%	Cons. · Japanese GAAP
FYE Mar 2025	54.2	+82.1%	Cons. · Japanese GAAP
FYE Mar 2026	39.5	−27.1%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Mar 2026 ¥23bn

CAGR · 10 yrs −4.7%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	35.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	34.4	−2.6%	Cons. · Japanese GAAP
FYE Mar 2019	33.5	−2.5%	Cons. · Japanese GAAP
FYE Mar 2020	29.5	−12.1%	Cons. · Japanese GAAP
FYE Mar 2021	24.6	−16.5%	Cons. · Japanese GAAP
FYE Mar 2022	26.2	+6.4%	Cons. · Japanese GAAP
FYE Mar 2023	28.5	+9.0%	Cons. · Japanese GAAP
FYE Mar 2024	16.9	−40.8%	Cons. · Japanese GAAP
FYE Mar 2025	47.0	+177.7%	Cons. · Japanese GAAP
FYE Mar 2026	23.0	−51.0%	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 ¥16bn

CAGR · 10 yrs +1.4%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	14.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.2	−8.6%	Cons. · Japanese GAAP
FYE Mar 2019	12.1	−9.0%	Cons. · Japanese GAAP
FYE Mar 2020	11.7	−3.3%	Cons. · Japanese GAAP
FYE Mar 2021	11.9	+2.4%	Cons. · Japanese GAAP
FYE Mar 2022	12.0	+0.6%	Cons. · Japanese GAAP
FYE Mar 2023	11.9	−1.0%	Cons. · Japanese GAAP
FYE Mar 2024	12.8	+8.0%	Cons. · Japanese GAAP
FYE Mar 2025	7.2	−43.9%	Cons. · Japanese GAAP
FYE Mar 2026	16.5	+129.0%	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 ¥30bn

CAGR · 10 yrs +38.3%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.5	−8.4%	Cons. · Japanese GAAP
FYE Mar 2019	1.2	−18.3%	Cons. · Japanese GAAP
FYE Mar 2020	1.4	+17.8%	Cons. · Japanese GAAP
FYE Mar 2021	1.4	−5.9%	Cons. · Japanese GAAP
FYE Mar 2022	1.3	−1.3%	Cons. · Japanese GAAP
FYE Mar 2023	1.5	+11.0%	Cons. · Japanese GAAP
FYE Mar 2024	1.5	+1.9%	Cons. · Japanese GAAP
FYE Mar 2025	18.9	+1147.8%	Cons. · Japanese GAAP
FYE Mar 2026	30.3	+59.9%	Cons. · Japanese GAAP

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

Equity ratio

FYE Mar 2026 47.6%

Average · 10 yrs 36.7%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	23.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	26.6	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2019	28.1	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2020	32.3	+4.2pp	Cons. · Japanese GAAP
FYE Mar 2021	36.7	+4.4pp	Cons. · Japanese GAAP
FYE Mar 2022	39.5	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2023	43.1	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2024	47.0	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2025	42.3	−4.7pp	Cons. · Japanese GAAP
FYE Mar 2026	47.6	+5.2pp	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 40.1%

Average · 10 yrs 90.3%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	176.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	144.9	−32.0pp	Cons. · Japanese GAAP
FYE Mar 2019	130.4	−14.5pp	Cons. · Japanese GAAP
FYE Mar 2020	103.9	−26.5pp	Cons. · Japanese GAAP
FYE Mar 2021	76.8	−27.1pp	Cons. · Japanese GAAP
FYE Mar 2022	65.6	−11.3pp	Cons. · Japanese GAAP
FYE Mar 2023	59.9	−5.7pp	Cons. · Japanese GAAP
FYE Mar 2024	39.2	−20.7pp	Cons. · Japanese GAAP
FYE Mar 2025	64.7	+25.6pp	Cons. · Japanese GAAP
FYE Mar 2026	40.1	−24.6pp	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 19.1%

Average · 10 yrs 13.0%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.4	+4.4pp	Cons. · Japanese GAAP
FYE Mar 2019	13.1	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	13.8	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	10.4	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2022	16.1	+5.6pp	Cons. · Japanese GAAP
FYE Mar 2023	13.9	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2024	11.6	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2025	13.6	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2026	19.1	+5.5pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 9.1%

Average · 10 yrs 4.9%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.0	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	3.7	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	4.5	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	3.8	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	6.3	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2023	6.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	5.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	5.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	9.1	+3.3pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 1.34×

CAGR · 10 yrs +0.4%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.30	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.36	+4.8%	Cons. · Japanese GAAP
FYE Mar 2019	1.43	+4.8%	Cons. · Japanese GAAP
FYE Mar 2020	1.40	−2.1%	Cons. · Japanese GAAP
FYE Mar 2021	1.25	−10.6%	Cons. · Japanese GAAP
FYE Mar 2022	1.35	+8.2%	Cons. · Japanese GAAP
FYE Mar 2023	1.33	−1.2%	Cons. · Japanese GAAP
FYE Mar 2024	1.32	−0.8%	Cons. · Japanese GAAP
FYE Mar 2025	1.20	−9.1%	Cons. · Japanese GAAP
FYE Mar 2026	1.34	+11.6%	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 ¥16bn

CAGR · 10 yrs +8.4%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	7.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.8	−13.2%	Cons. · Japanese GAAP
FYE Mar 2019	6.9	+1.4%	Cons. · Japanese GAAP
FYE Mar 2020	8.7	+26.0%	Cons. · Japanese GAAP
FYE Mar 2021	8.9	+2.1%	Cons. · Japanese GAAP
FYE Mar 2022	0.4	−95.2%	Cons. · Japanese GAAP
FYE Mar 2023	4.2	+872.7%	Cons. · Japanese GAAP
FYE Mar 2024	17.7	+326.1%	Cons. · Japanese GAAP
FYE Mar 2025	13.1	−26.1%	Cons. · Japanese GAAP
FYE Mar 2026	16.2	+23.8%	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 -¥2.5bn

Average · 10 yrs -¥2.4bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-4.1	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-3.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-4.1	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-3.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-3.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	0.1	−93.0%	Cons. · Japanese GAAP
FYE Mar 2026	-2.5	−3595.8%	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 -¥22bn

Average · 10 yrs -¥6.3bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-3.3	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-4.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-5.7	n/a	Cons. · Japanese GAAP
FYE Mar 2022	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-0.1	−232.8%	Cons. · Japanese GAAP
FYE Mar 2024	-15.6	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-22.3	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 ¥11bn

CAGR · 10 yrs +8.3%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	5.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.6	−11.3%	Cons. · Japanese GAAP
FYE Mar 2019	4.7	+2.6%	Cons. · Japanese GAAP
FYE Mar 2020	4.2	−10.5%	Cons. · Japanese GAAP
FYE Mar 2021	4.1	−3.3%	Cons. · Japanese GAAP
FYE Mar 2022	3.3	−19.8%	Cons. · Japanese GAAP
FYE Mar 2023	4.0	+20.7%	Cons. · Japanese GAAP
FYE Mar 2024	7.2	+82.6%	Cons. · Japanese GAAP
FYE Mar 2025	19.2	+165.0%	Cons. · Japanese GAAP
FYE Mar 2026	10.6	−44.6%	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 ¥14bn

CAGR · 10 yrs +10.4%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	5.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.8	−51.0%	Cons. · Japanese GAAP
FYE Mar 2019	3.3	+21.6%	Cons. · Japanese GAAP
FYE Mar 2020	4.6	+35.9%	Cons. · Japanese GAAP
FYE Mar 2021	5.5	+21.4%	Cons. · Japanese GAAP
FYE Mar 2022	-1.1	−119.8%	Cons. · Japanese GAAP
FYE Mar 2023	0.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	18.8	+2945.6%	Cons. · Japanese GAAP
FYE Mar 2025	13.2	−29.7%	Cons. · Japanese GAAP
FYE Mar 2026	13.7	+4.3%	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 5.8%

Average · 10 yrs 4.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	5.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.0	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	3.9	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	5.1	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	5.5	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	0.2	−5.3pp	Cons. · Japanese GAAP
FYE Mar 2023	2.0	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2024	8.3	+6.3pp	Cons. · Japanese GAAP
FYE Mar 2025	5.5	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2026	5.8	+0.3pp	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 -¥29bn

Average · 10 yrs -¥36bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-44.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-43.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-40.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-36.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-32.5	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-34.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-36.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-22.5	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-35.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-28.9	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 ¥371bn

Change · 10 yrs +¥344bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	26.5	n/a
FYE Mar 2018	29.4	n/a
FYE Mar 2019	21.7	n/a
FYE Mar 2020	31.1	n/a
FYE Mar 2021	50.3	n/a
FYE Mar 2022	58.0	n/a
FYE Mar 2023	58.3	n/a
FYE Mar 2024	120	n/a
FYE Mar 2025	190	n/a
FYE Mar 2026	371	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 12,029¥

Change · 10 yrs +11,944¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	86	n/a
FYE Mar 2018	954	n/a
FYE Mar 2019	705	n/a
FYE Mar 2020	1,008	n/a
FYE Mar 2021	1,632	n/a
FYE Mar 2022	1,881	n/a
FYE Mar 2023	1,890	n/a
FYE Mar 2024	3,892	n/a
FYE Mar 2025	6,171	n/a
FYE Mar 2026	12,029	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 30,826,000shares

Change · 10 yrs −277,442,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	308,268,000	Parent
FYE Mar 2018	30,826,000	Parent
FYE Mar 2019	30,826,000	Parent
FYE Mar 2020	30,826,000	Parent
FYE Mar 2021	30,826,000	Parent
FYE Mar 2022	30,826,000	Parent
FYE Mar 2023	30,826,000	Parent
FYE Mar 2024	30,826,000	Parent
FYE Mar 2025	30,826,000	Parent
FYE Mar 2026	30,826,000	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 636.48¥

Change · 10 yrs +572.34¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	64.14	Cons.
FYE Mar 2018	123.93	Cons.
FYE Mar 2019	153.22	Cons.
FYE Mar 2020	183.27	Cons.
FYE Mar 2021	166.49	Cons.
FYE Mar 2022	313.44	Cons.
FYE Mar 2023	315.01	Cons.
FYE Mar 2024	297.12	Cons.
FYE Mar 2025	385.69	Cons.
FYE Mar 2026	636.48	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 3,191.95¥

Change · 10 yrs +3,100.63¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	91.32	Cons. · Japanese GAAP
FYE Mar 2018	1,065.92	Cons. · Japanese GAAP
FYE Mar 2019	1,133.56	Cons. · Japanese GAAP
FYE Mar 2020	1,283.85	Cons. · Japanese GAAP
FYE Mar 2021	1,543.15	Cons. · Japanese GAAP
FYE Mar 2022	1,890.42	Cons. · Japanese GAAP
FYE Mar 2023	2,189.87	Cons. · Japanese GAAP
FYE Mar 2024	2,462.37	Cons. · Japanese GAAP
FYE Mar 2025	2,713.91	Cons. · Japanese GAAP
FYE Mar 2026	3,191.95	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 18.90×

Average · 10 yrs 10.10×

Fiscal year	PER ×	Basis
FYE Mar 2017	13.40	Cons.
FYE Mar 2018	7.70	Cons.
FYE Mar 2019	4.60	Cons.
FYE Mar 2020	5.50	Cons.
FYE Mar 2021	9.80	Cons.
FYE Mar 2022	6.00	Cons.
FYE Mar 2023	6.00	Cons.
FYE Mar 2024	13.10	Cons.
FYE Mar 2025	16.00	Cons.
FYE Mar 2026	18.90	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 3.62×

Average · 10 yrs 1.33×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.94	Cons.
FYE Mar 2018	0.87	Cons.
FYE Mar 2019	0.60	Cons.
FYE Mar 2020	0.76	Cons.
FYE Mar 2021	1.02	Cons.
FYE Mar 2022	0.96	Cons.
FYE Mar 2023	0.84	Cons.
FYE Mar 2024	1.51	Cons.
FYE Mar 2025	2.18	Cons.
FYE Mar 2026	3.62	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 4,813people

Change · 10 yrs −128 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	4,941	n/a	Cons.
FYE Mar 2018	4,757	−3.7%	Cons.
FYE Mar 2019	4,494	−5.5%	Cons.
FYE Mar 2020	4,352	−3.2%	Cons.
FYE Mar 2021	4,319	−0.8%	Cons.
FYE Mar 2022	4,280	−0.9%	Cons.
FYE Mar 2023	4,201	−1.8%	Cons.
FYE Mar 2024	4,054	−3.5%	Cons.
FYE Mar 2025	4,945	+22.0%	Cons.
FYE Mar 2026	4,813	−2.7%	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 1,467people

Change · 10 yrs +1,418 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	49	n/a	Parent
FYE Mar 2018	33	−32.7%	Parent
FYE Mar 2019	38	+15.2%	Parent
FYE Mar 2020	48	+26.3%	Parent
FYE Mar 2021	45	−6.2%	Parent
FYE Mar 2022	61	+35.6%	Parent
FYE Mar 2023	62	+1.6%	Parent
FYE Mar 2024	1,437	+2217.7%	Parent
FYE Mar 2025	1,453	+1.1%	Parent
FYE Mar 2026	1,467	+1.0%	Parent

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

Average annual pay parent company

FYE Mar 2026 ¥7.2m

Change · 8 yrs −¥0.2m

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	7.4	n/a	Parent
FYE Mar 2020	6.9	−6.7%	Parent
FYE Mar 2021	6.8	−2.4%	Parent
FYE Mar 2022	7.3	+7.9%	Parent
FYE Mar 2023	7.3	+0.6%	Parent
FYE Mar 2024	6.3	−13.8%	Parent
FYE Mar 2025	6.7	+5.8%	Parent
FYE Mar 2026	7.2	+8.1%	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 44.7years

Change · 8 yrs −5.3 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	50.0	n/a	Parent
FYE Mar 2020	49.8	−0.4%	Parent
FYE Mar 2021	49.6	−0.4%	Parent
FYE Mar 2022	50.0	+0.8%	Parent
FYE Mar 2023	50.2	+0.4%	Parent
FYE Mar 2024	44.4	−11.6%	Parent
FYE Mar 2025	44.5	+0.2%	Parent
FYE Mar 2026	44.7	+0.4%	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 16.9years

Change · 8 yrs −5.2 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	22.1	n/a	Parent
FYE Mar 2020	21.6	−2.3%	Parent
FYE Mar 2021	18.3	−15.3%	Parent
FYE Mar 2022	18.8	+2.7%	Parent
FYE Mar 2023	19.3	+2.7%	Parent
FYE Mar 2024	16.8	−13.0%	Parent
FYE Mar 2025	16.8	−0.0%	Parent
FYE Mar 2026	16.9	+0.6%	Parent

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

Temporary employees

FYE Mar 2026 1,196people

Change · 4 yrs +687 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	n/a	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	509	n/a	n/a
FYE Mar 2020	449	−11.8%	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a
FYE Mar 2023	n/a	n/a	n/a
FYE Mar 2024	n/a	n/a	n/a
FYE Mar 2025	848	n/a	n/a
FYE Mar 2026	1,196	+41.0%	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 ¥57.7m

Change · 10 yrs +¥26.3m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	31.4	n/a	Cons.
FYE Mar 2018	35.4	+12.5%	Cons.
FYE Mar 2019	39.4	+11.5%	Cons.
FYE Mar 2020	39.3	−0.3%	Cons.
FYE Mar 2021	37.4	−4.8%	Cons.
FYE Mar 2022	46.5	+24.3%	Cons.
FYE Mar 2023	49.8	+7.0%	Cons.
FYE Mar 2024	52.8	+6.0%	Cons.
FYE Mar 2025	48.1	−8.8%	Cons.
FYE Mar 2026	57.7	+20.0%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥5.7m

Change · 10 yrs +¥4.8m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	0.9	n/a	Cons.
FYE Mar 2018	1.3	+54.0%	Cons.
FYE Mar 2019	1.5	+12.0%	Cons.
FYE Mar 2020	2.0	+33.9%	Cons.
FYE Mar 2021	1.8	−11.2%	Cons.
FYE Mar 2022	2.3	+33.5%	Cons.
FYE Mar 2023	2.5	+6.3%	Cons.
FYE Mar 2024	3.2	+26.9%	Cons.
FYE Mar 2025	4.2	+33.8%	Cons.
FYE Mar 2026	5.7	+34.1%	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.

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