Financials

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

FYE Mar 2026 · Revenue¥817bnYoY +1.9%

FYE Mar 2026 · Operating profit¥46bnYoY −12.2%

FYE Mar 2026 · Net profit¥28bnYoY −42.2%

FYE Mar 2026 · Equity ratio59.3%YoY +0.7pp

FYE Mar 2026 · Group employees18,121YoY +168

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥627bn	n/a	¥41bn	n/a	6.5%	¥25bn	Tamamura Kazumi	—
FYE Mar 2018Consolidated	¥660bn	+5.2%	¥36bn	−12.5%	5.4%	¥20bn	Tamamura Kazumi	—
FYE Mar 2019Consolidated	¥681bn	+3.2%	¥27bn	−25.0%	3.9%	¥7.1bn	Kayamoto Takashi	Data-centre nearline HDDs of 10TB and above take over as the demand driver
FYE Mar 2020Consolidated	¥664bn	−2.4%	¥21bn	−22.3%	3.1%	¥4.6bn	Kayamoto Takashi	—
FYE Mar 2021Consolidated	¥573bn	−13.8%	¥10bn	−49.5%	1.8%	¥9.4bn	Kayamoto Takashi	—
FYE Mar 2022Consolidated	¥587bn	+2.5%	¥21bn	+104.1%	3.6%	¥32bn	Kayamoto Takashi	—
FYE Mar 2023Consolidated	¥693bn	+18.1%	¥29bn	+35.0%	4.2%	¥22bn	Kayamoto Takashi	—
FYE Mar 2024Consolidated	¥767bn	+10.6%	¥35bn	+20.2%	4.5%	¥39bn	Kayamoto Takashi	—
FYE Mar 2025Consolidated	¥802bn	+4.5%	¥52bn	+50.5%	6.5%	¥48bn	Kayamoto Takashi	<a class="en-history_person" href="/tse/5991/executives/ceo/uemura-kazuhisa/" hreflang="ja">Uemura Kazuhisa</a> becomes president in April
FYE Mar 2026Consolidated	¥817bn	+1.9%	¥46bn	−12.2%	5.6%	¥28bn	Uemura Kazuhisa	—

How it compares

Aisin¥5.12tnFY2025Operating margin 4.5%JTEKT¥1.92tnFY2025Operating margin 1.3%

NHK Spring¥817bnFY2025Operating margin 5.6%

Musashi Seimitsu Industry¥347bnFY2025Operating margin 5.9%

EXEDY Corporation¥304bnFY2025Operating margin 7.3%

Efushishi¥257bnFY2024Operating margin 6.8%

Akebono Brake Industry¥160bnFY2025Operating margin 3.5%

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 ¥817bn

CAGR · 10 yrs +3.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	627	n/a	Cons. · Japanese GAAP
FYE Mar 2018	660	+5.2%	Cons. · Japanese GAAP
FYE Mar 2019	681	+3.2%	Cons. · Japanese GAAP
FYE Mar 2020	664	−2.4%	Cons. · Japanese GAAP
FYE Mar 2021	573	−13.8%	Cons. · Japanese GAAP
FYE Mar 2022	587	+2.5%	Cons. · Japanese GAAP
FYE Mar 2023	693	+18.1%	Cons. · Japanese GAAP
FYE Mar 2024	767	+10.6%	Cons. · Japanese GAAP
FYE Mar 2025	802	+4.5%	Cons. · Japanese GAAP
FYE Mar 2026	817	+1.9%	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 ¥703bn

CAGR · 10 yrs +2.9%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	543	n/a	Cons. · Japanese GAAP
FYE Mar 2018	579	+6.6%	Cons. · Japanese GAAP
FYE Mar 2019	608	+5.1%	Cons. · Japanese GAAP
FYE Mar 2020	597	−1.9%	Cons. · Japanese GAAP
FYE Mar 2021	517	−13.3%	Cons. · Japanese GAAP
FYE Mar 2022	513	−0.8%	Cons. · Japanese GAAP
FYE Mar 2023	612	+19.4%	Cons. · Japanese GAAP
FYE Mar 2024	678	+10.6%	Cons. · Japanese GAAP
FYE Mar 2025	689	+1.6%	Cons. · Japanese GAAP
FYE Mar 2026	703	+2.1%	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 ¥114bn

CAGR · 10 yrs +3.4%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	84.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	80.9	−3.8%	Cons. · Japanese GAAP
FYE Mar 2019	73.0	−9.9%	Cons. · Japanese GAAP
FYE Mar 2020	67.7	−7.2%	Cons. · Japanese GAAP
FYE Mar 2021	55.2	−18.5%	Cons. · Japanese GAAP
FYE Mar 2022	73.8	+33.8%	Cons. · Japanese GAAP
FYE Mar 2023	80.8	+9.5%	Cons. · Japanese GAAP
FYE Mar 2024	89.4	+10.6%	Cons. · Japanese GAAP
FYE Mar 2025	113	+26.4%	Cons. · Japanese GAAP
FYE Mar 2026	114	+0.6%	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 ¥68bn

CAGR · 10 yrs +5.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	43.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	45.4	+4.4%	Cons. · Japanese GAAP
FYE Mar 2019	46.3	+2.0%	Cons. · Japanese GAAP
FYE Mar 2020	47.0	+1.5%	Cons. · Japanese GAAP
FYE Mar 2021	44.7	−4.9%	Cons. · Japanese GAAP
FYE Mar 2022	52.4	+17.3%	Cons. · Japanese GAAP
FYE Mar 2023	52.0	−0.9%	Cons. · Japanese GAAP
FYE Mar 2024	54.8	+5.3%	Cons. · Japanese GAAP
FYE Mar 2025	60.9	+11.2%	Cons. · Japanese GAAP
FYE Mar 2026	68.0	+11.6%	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 ¥46bn

CAGR · 10 yrs +1.3%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	40.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.5	−12.5%	Cons. · Japanese GAAP
FYE Mar 2019	26.7	−25.0%	Cons. · Japanese GAAP
FYE Mar 2020	20.7	−22.3%	Cons. · Japanese GAAP
FYE Mar 2021	10.5	−49.5%	Cons. · Japanese GAAP
FYE Mar 2022	21.4	+104.1%	Cons. · Japanese GAAP
FYE Mar 2023	28.8	+35.0%	Cons. · Japanese GAAP
FYE Mar 2024	34.7	+20.2%	Cons. · Japanese GAAP
FYE Mar 2025	52.2	+50.5%	Cons. · Japanese GAAP
FYE Mar 2026	45.8	−12.2%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥9.4bn

CAGR · 10 yrs +9.8%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	4.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.6	+38.6%	Cons. · Japanese GAAP
FYE Mar 2019	6.8	+22.2%	Cons. · Japanese GAAP
FYE Mar 2020	6.3	−7.3%	Cons. · Japanese GAAP
FYE Mar 2021	8.7	+37.3%	Cons. · Japanese GAAP
FYE Mar 2022	12.6	+44.9%	Cons. · Japanese GAAP
FYE Mar 2023	10.6	−15.6%	Cons. · Japanese GAAP
FYE Mar 2024	14.9	+40.8%	Cons. · Japanese GAAP
FYE Mar 2025	10.5	−29.8%	Cons. · Japanese GAAP
FYE Mar 2026	9.4	−10.7%	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 ¥3.0bn

CAGR · 10 yrs −0.1%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.7	+56.7%	Cons. · Japanese GAAP
FYE Mar 2019	2.0	−57.2%	Cons. · Japanese GAAP
FYE Mar 2020	5.8	+186.6%	Cons. · Japanese GAAP
FYE Mar 2021	4.6	−20.1%	Cons. · Japanese GAAP
FYE Mar 2022	3.3	−29.2%	Cons. · Japanese GAAP
FYE Mar 2023	2.1	−34.5%	Cons. · Japanese GAAP
FYE Mar 2024	1.8	−16.4%	Cons. · Japanese GAAP
FYE Mar 2025	4.7	+163.1%	Cons. · Japanese GAAP
FYE Mar 2026	3.0	−36.8%	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 ¥52bn

CAGR · 10 yrs +2.5%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	41.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.4	−12.5%	Cons. · Japanese GAAP
FYE Mar 2019	31.5	−13.6%	Cons. · Japanese GAAP
FYE Mar 2020	21.3	−32.4%	Cons. · Japanese GAAP
FYE Mar 2021	14.5	−31.7%	Cons. · Japanese GAAP
FYE Mar 2022	30.7	+111.1%	Cons. · Japanese GAAP
FYE Mar 2023	37.3	+21.7%	Cons. · Japanese GAAP
FYE Mar 2024	47.8	+28.1%	Cons. · Japanese GAAP
FYE Mar 2025	58.0	+21.2%	Cons. · Japanese GAAP
FYE Mar 2026	52.2	−10.0%	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 ¥9.6bn

CAGR · 8 yrs +37.0%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.4	+124.2%	Cons. · Japanese GAAP
FYE Mar 2019	1.4	−41.3%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2021	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2022	26.9	+3982.1%	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	16.4	n/a	Cons. · Japanese GAAP
FYE Mar 2025	2.4	−85.4%	Cons. · Japanese GAAP
FYE Mar 2026	9.6	+304.2%	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 ¥28bn

CAGR · 10 yrs +1.2%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	25.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.5	−18.3%	Cons. · Japanese GAAP
FYE Mar 2019	7.1	−65.3%	Cons. · Japanese GAAP
FYE Mar 2020	4.6	−35.1%	Cons. · Japanese GAAP
FYE Mar 2021	9.4	+103.7%	Cons. · Japanese GAAP
FYE Mar 2022	32.0	+240.5%	Cons. · Japanese GAAP
FYE Mar 2023	21.5	−32.7%	Cons. · Japanese GAAP
FYE Mar 2024	39.2	+82.0%	Cons. · Japanese GAAP
FYE Mar 2025	48.2	+22.9%	Cons. · Japanese GAAP
FYE Mar 2026	27.9	−42.2%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 13.9%

Average · 10 yrs 12.0%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	13.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.3	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	10.7	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	10.2	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	9.6	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	12.6	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2023	11.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	11.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	14.1	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2026	13.9	−0.2pp	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 5.6%

Average · 10 yrs 4.5%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.4	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	3.9	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2020	3.1	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	1.8	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2022	3.6	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2023	4.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	4.5	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	6.5	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2026	5.6	−0.9pp	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 6.4%

Average · 10 yrs 5.3%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	6.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.5	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	4.6	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	3.2	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	2.5	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	5.2	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2023	5.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	6.2	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	7.2	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	6.4	−0.8pp	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 3.4%

Average · 10 yrs 3.4%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	4.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.1	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	1.0	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	0.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	1.6	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	5.5	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2023	3.1	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2024	5.1	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2025	6.0	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	3.4	−2.6pp	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 86.1%

Average · 10 yrs 88.0%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	86.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	87.7	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	89.3	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	89.8	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	90.4	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	87.4	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2023	88.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	88.3	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	85.9	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2026	86.1	+0.2pp	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 8.3%

Average · 10 yrs 7.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	6.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	6.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	7.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	7.8	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	8.9	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	7.5	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	7.1	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	7.6	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	8.3	+0.7pp	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 ¥738bn

CAGR · 10 yrs +3.6%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	538	n/a	Cons. · Japanese GAAP
FYE Mar 2018	568	+5.7%	Cons. · Japanese GAAP
FYE Mar 2019	573	+0.8%	Cons. · Japanese GAAP
FYE Mar 2020	533	−7.1%	Cons. · Japanese GAAP
FYE Mar 2021	561	+5.3%	Cons. · Japanese GAAP
FYE Mar 2022	588	+4.9%	Cons. · Japanese GAAP
FYE Mar 2023	606	+3.1%	Cons. · Japanese GAAP
FYE Mar 2024	690	+13.9%	Cons. · Japanese GAAP
FYE Mar 2025	696	+0.9%	Cons. · Japanese GAAP
FYE Mar 2026	738	+6.0%	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 ¥438bn

CAGR · 10 yrs +5.1%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	280	n/a	Cons. · Japanese GAAP
FYE Mar 2018	293	+4.7%	Cons. · Japanese GAAP
FYE Mar 2019	281	−4.0%	Cons. · Japanese GAAP
FYE Mar 2020	271	−3.6%	Cons. · Japanese GAAP
FYE Mar 2021	284	+4.8%	Cons. · Japanese GAAP
FYE Mar 2022	323	+13.6%	Cons. · Japanese GAAP
FYE Mar 2023	349	+8.2%	Cons. · Japanese GAAP
FYE Mar 2024	405	+16.0%	Cons. · Japanese GAAP
FYE Mar 2025	408	+0.7%	Cons. · Japanese GAAP
FYE Mar 2026	438	+7.3%	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 ¥49bn

CAGR · 10 yrs +4.1%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	34.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	38.7	+13.1%	Cons. · Japanese GAAP
FYE Mar 2019	51.1	+32.2%	Cons. · Japanese GAAP
FYE Mar 2020	53.6	+4.8%	Cons. · Japanese GAAP
FYE Mar 2021	69.3	+29.2%	Cons. · Japanese GAAP
FYE Mar 2022	39.8	−42.6%	Cons. · Japanese GAAP
FYE Mar 2023	38.3	−3.8%	Cons. · Japanese GAAP
FYE Mar 2024	34.0	−11.1%	Cons. · Japanese GAAP
FYE Mar 2025	47.2	+38.9%	Cons. · Japanese GAAP
FYE Mar 2026	49.0	+3.7%	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 ¥27bn

CAGR · 10 yrs +7.4%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	14.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.3	−4.8%	Cons. · Japanese GAAP
FYE Mar 2019	18.4	+38.3%	Cons. · Japanese GAAP
FYE Mar 2020	20.4	+10.6%	Cons. · Japanese GAAP
FYE Mar 2021	43.1	+111.4%	Cons. · Japanese GAAP
FYE Mar 2022	28.7	−33.4%	Cons. · Japanese GAAP
FYE Mar 2023	21.2	−26.2%	Cons. · Japanese GAAP
FYE Mar 2024	12.0	−43.4%	Cons. · Japanese GAAP
FYE Mar 2025	27.2	+126.9%	Cons. · Japanese GAAP
FYE Mar 2026	26.6	−2.4%	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 ¥22bn

CAGR · 10 yrs +1.2%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	20.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.3	+25.6%	Cons. · Japanese GAAP
FYE Mar 2019	32.7	+29.0%	Cons. · Japanese GAAP
FYE Mar 2020	33.2	+1.6%	Cons. · Japanese GAAP
FYE Mar 2021	26.2	−21.1%	Cons. · Japanese GAAP
FYE Mar 2022	11.1	−57.6%	Cons. · Japanese GAAP
FYE Mar 2023	17.1	+53.8%	Cons. · Japanese GAAP
FYE Mar 2024	22.0	+28.8%	Cons. · Japanese GAAP
FYE Mar 2025	20.0	−9.1%	Cons. · Japanese GAAP
FYE Mar 2026	22.4	+11.9%	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 ¥4.8bn

CAGR · 10 yrs +4.2%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	3.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.1	−6.7%	Cons. · Japanese GAAP
FYE Mar 2019	2.9	−6.1%	Cons. · Japanese GAAP
FYE Mar 2020	3.2	+9.8%	Cons. · Japanese GAAP
FYE Mar 2021	3.0	−4.9%	Cons. · Japanese GAAP
FYE Mar 2022	3.0	+0.1%	Cons. · Japanese GAAP
FYE Mar 2023	3.3	+9.3%	Cons. · Japanese GAAP
FYE Mar 2024	3.3	−1.8%	Cons. · Japanese GAAP
FYE Mar 2025	3.2	−0.9%	Cons. · Japanese GAAP
FYE Mar 2026	4.8	+48.7%	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

Average · 3 yrs ¥24.3m

Fiscal year	Goodwill ¥ m	YoY	Basis
FYE Mar 2017	73.0	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	n/a	n/a	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 59.3%

Average · 10 yrs 54.3%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	52.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	51.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	49.0	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2020	50.9	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	50.6	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	54.9	+4.2pp	Cons. · Japanese GAAP
FYE Mar 2023	57.6	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2024	58.7	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	58.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	59.3	+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 11.2%

Average · 10 yrs 14.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	12.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.2	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	18.2	+5.0pp	Cons. · Japanese GAAP
FYE Mar 2020	19.8	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	24.4	+4.6pp	Cons. · Japanese GAAP
FYE Mar 2022	12.3	−12.1pp	Cons. · Japanese GAAP
FYE Mar 2023	11.0	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	8.4	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2025	11.6	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2026	11.2	−0.4pp	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 6.4%

Average · 10 yrs 6.7%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	9.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.0	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2019	2.5	−4.5pp	Cons. · Japanese GAAP
FYE Mar 2020	1.7	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	3.3	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2022	9.9	+6.6pp	Cons. · Japanese GAAP
FYE Mar 2023	6.2	−3.8pp	Cons. · Japanese GAAP
FYE Mar 2024	9.7	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2025	11.8	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2026	6.4	−5.4pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 3.8%

Average · 10 yrs 3.7%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	4.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.6	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	1.2	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2020	0.9	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	1.7	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	5.4	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2023	3.6	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2024	5.7	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2025	6.9	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	3.8	−3.1pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 1.11×

CAGR · 10 yrs −0.6%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.17	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.16	−0.4%	Cons. · Japanese GAAP
FYE Mar 2019	1.19	+2.4%	Cons. · Japanese GAAP
FYE Mar 2020	1.25	+5.0%	Cons. · Japanese GAAP
FYE Mar 2021	1.02	−18.2%	Cons. · Japanese GAAP
FYE Mar 2022	1.00	−2.3%	Cons. · Japanese GAAP
FYE Mar 2023	1.14	+14.6%	Cons. · Japanese GAAP
FYE Mar 2024	1.11	−2.9%	Cons. · Japanese GAAP
FYE Mar 2025	1.15	+3.6%	Cons. · Japanese GAAP
FYE Mar 2026	1.11	−3.9%	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 ¥77bn

CAGR · 10 yrs +3.7%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	55.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	49.8	−10.5%	Cons. · Japanese GAAP
FYE Mar 2019	36.8	−26.1%	Cons. · Japanese GAAP
FYE Mar 2020	36.6	−0.5%	Cons. · Japanese GAAP
FYE Mar 2021	29.6	−19.1%	Cons. · Japanese GAAP
FYE Mar 2022	34.5	+16.4%	Cons. · Japanese GAAP
FYE Mar 2023	13.7	−60.4%	Cons. · Japanese GAAP
FYE Mar 2024	66.7	+388.5%	Cons. · Japanese GAAP
FYE Mar 2025	55.7	−16.5%	Cons. · Japanese GAAP
FYE Mar 2026	77.4	+39.0%	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 -¥42bn

Average · 10 yrs -¥31bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-27.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-33.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-42.3	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-45.8	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-24.1	n/a	Cons. · Japanese GAAP
FYE Mar 2022	5.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-41.8	−937.3%	Cons. · Japanese GAAP
FYE Mar 2024	-10.3	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-47.8	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-41.6	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 -¥27bn

Average · 10 yrs -¥14bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-16.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-6.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	7.3	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-17.0	−331.3%	Cons. · Japanese GAAP
FYE Mar 2021	2.8	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-27.7	−1090.6%	Cons. · Japanese GAAP
FYE Mar 2023	-11.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-21.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-23.6	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-27.0	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 ¥90bn

CAGR · 10 yrs +1.0%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	82.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	95.0	+15.2%	Cons. · Japanese GAAP
FYE Mar 2019	98.4	+3.6%	Cons. · Japanese GAAP
FYE Mar 2020	74.3	−24.5%	Cons. · Japanese GAAP
FYE Mar 2021	79.0	+6.3%	Cons. · Japanese GAAP
FYE Mar 2022	91.9	+16.3%	Cons. · Japanese GAAP
FYE Mar 2023	57.8	−37.1%	Cons. · Japanese GAAP
FYE Mar 2024	93.1	+60.9%	Cons. · Japanese GAAP
FYE Mar 2025	81.8	−12.1%	Cons. · Japanese GAAP
FYE Mar 2026	90.0	+10.0%	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 ¥36bn

CAGR · 10 yrs +2.8%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	27.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.9	−39.6%	Cons. · Japanese GAAP
FYE Mar 2019	-5.5	−132.7%	Cons. · Japanese GAAP
FYE Mar 2020	-9.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	5.5	n/a	Cons. · Japanese GAAP
FYE Mar 2022	39.5	+614.3%	Cons. · Japanese GAAP
FYE Mar 2023	-28.1	−171.2%	Cons. · Japanese GAAP
FYE Mar 2024	56.4	n/a	Cons. · Japanese GAAP
FYE Mar 2025	7.9	−85.9%	Cons. · Japanese GAAP
FYE Mar 2026	35.8	+352.0%	Cons. · Japanese GAAP

Definition: What is left once the business has paid for its own investment
Formula: Operating cash flow + investing cash flow
Source: Securities report (XBRL)

Operating cash flow margin

FYE Mar 2026 9.5%

Average · 10 yrs 6.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	8.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.6	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	5.4	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	5.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	5.2	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	5.9	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	2.0	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2024	8.7	+6.7pp	Cons. · Japanese GAAP
FYE Mar 2025	6.9	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2026	9.5	+2.5pp	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 ¥41bn

CAGR · 10 yrs −1.8%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	48.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	56.3	+16.6%	Cons. · Japanese GAAP
FYE Mar 2019	47.3	−16.1%	Cons. · Japanese GAAP
FYE Mar 2020	20.7	−56.2%	Cons. · Japanese GAAP
FYE Mar 2021	9.7	−53.1%	Cons. · Japanese GAAP
FYE Mar 2022	52.1	+436.0%	Cons. · Japanese GAAP
FYE Mar 2023	19.6	−62.4%	Cons. · Japanese GAAP
FYE Mar 2024	59.1	+201.6%	Cons. · Japanese GAAP
FYE Mar 2025	34.6	−41.4%	Cons. · Japanese GAAP
FYE Mar 2026	41.0	+18.5%	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 ¥559bn

Change · 10 yrs +¥258bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	301	n/a
FYE Mar 2018	274	n/a
FYE Mar 2019	243	n/a
FYE Mar 2020	173	n/a
FYE Mar 2021	202	n/a
FYE Mar 2022	216	n/a
FYE Mar 2023	231	n/a
FYE Mar 2024	364	n/a
FYE Mar 2025	369	n/a
FYE Mar 2026	559	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 2,419¥

Change · 10 yrs +1,185¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,234	n/a
FYE Mar 2018	1,124	n/a
FYE Mar 2019	995	n/a
FYE Mar 2020	708	n/a
FYE Mar 2021	829	n/a
FYE Mar 2022	884	n/a
FYE Mar 2023	945	n/a
FYE Mar 2024	1,490	n/a
FYE Mar 2025	1,596	n/a
FYE Mar 2026	2,419	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 231,066,144shares

Change · 10 yrs −13,000,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	244,066,144	Parent
FYE Mar 2018	244,066,144	Parent
FYE Mar 2019	244,066,144	Parent
FYE Mar 2020	244,066,144	Parent
FYE Mar 2021	244,066,144	Parent
FYE Mar 2022	244,066,144	Parent
FYE Mar 2023	244,066,144	Parent
FYE Mar 2024	244,066,144	Parent
FYE Mar 2025	231,066,144	Parent
FYE Mar 2026	231,066,144	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 137.46¥

Change · 10 yrs +33.76¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	103.70	Cons.
FYE Mar 2018	86.45	Cons.
FYE Mar 2019	29.97	Cons.
FYE Mar 2020	19.46	Cons.
FYE Mar 2021	40.45	Cons.
FYE Mar 2022	140.33	Cons.
FYE Mar 2023	94.50	Cons.
FYE Mar 2024	173.27	Cons.
FYE Mar 2025	224.73	Cons.
FYE Mar 2026	137.46	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 1,893.92¥

Change · 10 yrs +747.92¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,146.00	Cons. · Japanese GAAP
FYE Mar 2018	1,199.83	Cons. · Japanese GAAP
FYE Mar 2019	1,151.88	Cons. · Japanese GAAP
FYE Mar 2020	1,110.31	Cons. · Japanese GAAP
FYE Mar 2021	1,163.59	Cons. · Japanese GAAP
FYE Mar 2022	1,321.83	Cons. · Japanese GAAP
FYE Mar 2023	1,430.85	Cons. · Japanese GAAP
FYE Mar 2024	1,659.48	Cons. · Japanese GAAP
FYE Mar 2025	1,764.34	Cons. · Japanese GAAP
FYE Mar 2026	1,893.92	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 17.60×

Average · 10 yrs 16.46×

Fiscal year	PER ×	Basis
FYE Mar 2017	11.90	Cons.
FYE Mar 2018	13.00	Cons.
FYE Mar 2019	33.20	Cons.
FYE Mar 2020	36.40	Cons.
FYE Mar 2021	20.50	Cons.
FYE Mar 2022	6.30	Cons.
FYE Mar 2023	10.00	Cons.
FYE Mar 2024	8.60	Cons.
FYE Mar 2025	7.10	Cons.
FYE Mar 2026	17.60	Cons.

Definition: How many years of earnings the price stands for
Formula: Year-end price ÷ EPS
Source: Securities report (XBRL)

PBR price-to-book ratio

FYE Mar 2026 1.12×

Average · 10 yrs 0.81×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.05	Cons.
FYE Mar 2018	0.91	Cons.
FYE Mar 2019	0.84	Cons.
FYE Mar 2020	0.62	Cons.
FYE Mar 2021	0.67	Cons.
FYE Mar 2022	0.62	Cons.
FYE Mar 2023	0.61	Cons.
FYE Mar 2024	0.81	Cons.
FYE Mar 2025	0.80	Cons.
FYE Mar 2026	1.12	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 18,121people

Change · 10 yrs +1,068 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	17,053	n/a	Cons.
FYE Mar 2018	17,320	+1.6%	Cons.
FYE Mar 2019	18,196	+5.1%	Cons.
FYE Mar 2020	18,419	+1.2%	Cons.
FYE Mar 2021	18,375	−0.2%	Cons.
FYE Mar 2022	17,695	−3.7%	Cons.
FYE Mar 2023	17,612	−0.5%	Cons.
FYE Mar 2024	17,739	+0.7%	Cons.
FYE Mar 2025	17,953	+1.2%	Cons.
FYE Mar 2026	18,121	+0.9%	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 5,350people

Change · 10 yrs +843 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	4,507	n/a	Parent
FYE Mar 2018	4,623	+2.6%	Parent
FYE Mar 2019	4,949	+7.1%	Parent
FYE Mar 2020	5,076	+2.6%	Parent
FYE Mar 2021	5,061	−0.3%	Parent
FYE Mar 2022	5,013	−0.9%	Parent
FYE Mar 2023	5,053	+0.8%	Parent
FYE Mar 2024	5,100	+0.9%	Parent
FYE Mar 2025	5,281	+3.5%	Parent
FYE Mar 2026	5,350	+1.3%	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 853万円

Change · 8 yrs +132万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	720	n/a	Parent
FYE Mar 2020	705	−2.1%	Parent
FYE Mar 2021	685	−2.9%	Parent
FYE Mar 2022	703	+2.6%	Parent
FYE Mar 2023	725	+3.2%	Parent
FYE Mar 2024	766	+5.6%	Parent
FYE Mar 2025	791	+3.3%	Parent
FYE Mar 2026	853	+7.7%	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 41.9years

Change · 8 yrs +1.9 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	40.0	n/a	Parent
FYE Mar 2020	40.0	−0.0%	Parent
FYE Mar 2021	40.5	+1.3%	Parent
FYE Mar 2022	41.1	+1.5%	Parent
FYE Mar 2023	41.5	+1.0%	Parent
FYE Mar 2024	41.7	+0.5%	Parent
FYE Mar 2025	41.8	+0.2%	Parent
FYE Mar 2026	41.9	+0.2%	Parent

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

Average length of service

FYE Mar 2026 18.6years

Change · 8 yrs +1.6 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	17.0	n/a	Parent
FYE Mar 2020	16.9	−0.6%	Parent
FYE Mar 2021	17.5	+3.6%	Parent
FYE Mar 2022	18.1	+3.4%	Parent
FYE Mar 2023	18.4	+1.7%	Parent
FYE Mar 2024	18.5	+0.5%	Parent
FYE Mar 2025	18.5	−0.0%	Parent
FYE Mar 2026	18.6	+0.5%	Parent

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

Temporary employees

FYE Mar 2026 2,712people

Change · 10 yrs −795 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	3,507	n/a	n/a
FYE Mar 2018	3,514	+0.2%	n/a
FYE Mar 2019	3,524	+0.3%	n/a
FYE Mar 2020	3,583	+1.7%	n/a
FYE Mar 2021	3,403	−5.0%	n/a
FYE Mar 2022	3,387	−0.5%	n/a
FYE Mar 2023	2,988	−11.8%	n/a
FYE Mar 2024	2,785	−6.8%	n/a
FYE Mar 2025	2,856	+2.5%	n/a
FYE Mar 2026	2,712	−5.0%	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 ¥45.1m

Change · 10 yrs +¥8.3m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	36.8	n/a	Cons.
FYE Mar 2018	38.1	+3.6%	Cons.
FYE Mar 2019	37.4	−1.7%	Cons.
FYE Mar 2020	36.1	−3.6%	Cons.
FYE Mar 2021	31.2	−13.6%	Cons.
FYE Mar 2022	33.2	+6.4%	Cons.
FYE Mar 2023	39.4	+18.7%	Cons.
FYE Mar 2024	43.2	+9.8%	Cons.
FYE Mar 2025	44.7	+3.3%	Cons.
FYE Mar 2026	45.1	+0.9%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥2.5m

Change · 10 yrs +¥0.1m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.4	n/a	Cons.
FYE Mar 2018	2.1	−13.8%	Cons.
FYE Mar 2019	1.5	−28.6%	Cons.
FYE Mar 2020	1.1	−23.2%	Cons.
FYE Mar 2021	0.6	−49.4%	Cons.
FYE Mar 2022	1.2	+112.0%	Cons.
FYE Mar 2023	1.6	+35.7%	Cons.
FYE Mar 2024	2.0	+19.3%	Cons.
FYE Mar 2025	2.9	+48.7%	Cons.
FYE Mar 2026	2.5	−13.0%	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 →

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