Financials

Sumitomo Heavy Industries: FYE Dec 2025 and ten years of results (50 metrics)

FYE Dec 2025 · Revenue¥1.07tnYoY −0.4%

FYE Dec 2025 · Operating profit¥51bnYoY −6.6%

FYE Dec 2025 · Net profit¥31bnYoY +300.7%

FYE Dec 2025 · Equity ratio51.6%YoY +0.8pp

FYE Dec 2025 · Group employees25,123YoY −214

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥674bn	n/a	¥48bn	n/a	7.2%	¥34bn	Betsukawa Shunsuke	—
FYE Mar 2018Consolidated	¥791bn	+17.3%	¥70bn	+44.4%	8.8%	¥35bn	Betsukawa Shunsuke	—
FYE Mar 2019Consolidated	¥903bn	+14.2%	¥75bn	+7.6%	8.3%	¥46bn	Betsukawa Shunsuke	Lafert of Italy acquired in June
FYE Mar 2020Consolidated	¥864bn	−4.3%	¥57bn	−24.5%	6.6%	¥33bn	Betsukawa Shunsuke	<a class="en-history_person" href="/tse/6302/executives/ceo/shimomura-shinji/" hreflang="ja">Shimomura Shinji</a> becomes president in April
FYE Mar 2021Consolidated	¥849bn	−1.8%	¥51bn	−9.6%	6.0%	¥27bn	Shimomura Shinji	—
FYE Mar 2022Consolidated	¥944bn	+11.2%	¥66bn	+27.9%	7.0%	¥44bn	Shimomura Shinji	—
FYE Dec 2022Consolidated	¥854bn	−9.5%	¥45bn	−31.8%	5.2%	¥5.8bn	Shimomura Shinji	Extraordinary losses of about ¥26.3bn booked in the year to December
FYE Dec 2023Consolidated	¥1.08tn	+26.6%	¥74bn	+66.0%	6.9%	¥33bn	Shimomura Shinji	—
FYE Dec 2024Consolidated	¥1.07tn	−1.0%	¥55bn	−25.9%	5.1%	¥7.7bn	Shimomura Shinji	Withdrawal from newbuilding announced in February with the plan to 2026
FYE Dec 2025Consolidated	¥1.07tn	−0.4%	¥51bn	−6.6%	4.8%	¥31bn	Shimomura Shinji	Restructuring roadmap for the European businesses presented in February

How it compares

Sumitomo Heavy Industries¥1.07tnFY2025Operating margin 4.8%

Japan Steel Works¥275bnFY2025Operating margin 9.2%

NIIGATA ENGINEERING CO., LTD.Delisted 2002

Kisha SeizoDelisted 1972

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 Dec 2025 ¥1.07tn

CAGR · 10 yrs +5.2%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	674	n/a	Cons. · Japanese GAAP
FYE Mar 2018	791	+17.3%	Cons. · Japanese GAAP
FYE Mar 2019	903	+14.2%	Cons. · Japanese GAAP
FYE Mar 2020	864	−4.3%	Cons. · Japanese GAAP
FYE Mar 2021	849	−1.8%	Cons. · Japanese GAAP
FYE Mar 2022	944	+11.2%	Cons. · Japanese GAAP
FYE Dec 2022	854	−9.5%	Cons. · Japanese GAAP
FYE Dec 2023	1,082	+26.6%	Cons. · Japanese GAAP
FYE Dec 2024	1,071	−1.0%	Cons. · Japanese GAAP
FYE Dec 2025	1,067	−0.4%	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 Dec 2025 ¥806bn

CAGR · 10 yrs +5.0%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	518	n/a	Cons. · Japanese GAAP
FYE Mar 2018	598	+15.5%	Cons. · Japanese GAAP
FYE Mar 2019	693	+15.9%	Cons. · Japanese GAAP
FYE Mar 2020	670	−3.3%	Cons. · Japanese GAAP
FYE Mar 2021	664	−1.0%	Cons. · Japanese GAAP
FYE Mar 2022	732	+10.3%	Cons. · Japanese GAAP
FYE Dec 2022	665	−9.1%	Cons. · Japanese GAAP
FYE Dec 2023	826	+24.2%	Cons. · Japanese GAAP
FYE Dec 2024	814	−1.5%	Cons. · Japanese GAAP
FYE Dec 2025	806	−1.0%	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 Dec 2025 ¥261bn

CAGR · 10 yrs +5.9%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	156	n/a	Cons. · Japanese GAAP
FYE Mar 2018	193	+23.3%	Cons. · Japanese GAAP
FYE Mar 2019	210	+8.9%	Cons. · Japanese GAAP
FYE Mar 2020	194	−7.4%	Cons. · Japanese GAAP
FYE Mar 2021	185	−4.6%	Cons. · Japanese GAAP
FYE Mar 2022	212	+14.3%	Cons. · Japanese GAAP
FYE Dec 2022	189	−11.0%	Cons. · Japanese GAAP
FYE Dec 2023	255	+35.3%	Cons. · Japanese GAAP
FYE Dec 2024	257	+0.7%	Cons. · Japanese GAAP
FYE Dec 2025	261	+1.5%	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 Dec 2025 ¥209bn

CAGR · 10 yrs +7.7%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	108	n/a	Cons. · Japanese GAAP
FYE Mar 2018	123	+13.9%	Cons. · Japanese GAAP
FYE Mar 2019	135	+9.7%	Cons. · Japanese GAAP
FYE Mar 2020	137	+2.1%	Cons. · Japanese GAAP
FYE Mar 2021	134	−2.5%	Cons. · Japanese GAAP
FYE Mar 2022	146	+9.1%	Cons. · Japanese GAAP
FYE Dec 2022	144	−1.7%	Cons. · Japanese GAAP
FYE Dec 2023	181	+25.8%	Cons. · Japanese GAAP
FYE Dec 2024	202	+11.6%	Cons. · Japanese GAAP
FYE Dec 2025	209	+3.7%	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 Dec 2025 ¥51bn

CAGR · 10 yrs +0.7%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	48.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	69.9	+44.4%	Cons. · Japanese GAAP
FYE Mar 2019	75.2	+7.6%	Cons. · Japanese GAAP
FYE Mar 2020	56.8	−24.5%	Cons. · Japanese GAAP
FYE Mar 2021	51.3	−9.6%	Cons. · Japanese GAAP
FYE Mar 2022	65.7	+27.9%	Cons. · Japanese GAAP
FYE Dec 2022	44.8	−31.8%	Cons. · Japanese GAAP
FYE Dec 2023	74.4	+66.0%	Cons. · Japanese GAAP
FYE Dec 2024	55.1	−25.9%	Cons. · Japanese GAAP
FYE Dec 2025	51.5	−6.6%	Cons. · Japanese GAAP

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

Non-operating income

FYE Dec 2025 ¥9.0bn

CAGR · 10 yrs +2.3%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	7.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.3	−27.1%	Cons. · Japanese GAAP
FYE Mar 2019	5.0	−5.8%	Cons. · Japanese GAAP
FYE Mar 2020	5.1	+1.1%	Cons. · Japanese GAAP
FYE Mar 2021	4.9	−3.2%	Cons. · Japanese GAAP
FYE Mar 2022	5.5	+11.2%	Cons. · Japanese GAAP
FYE Dec 2022	3.6	−33.6%	Cons. · Japanese GAAP
FYE Dec 2023	5.3	+46.5%	Cons. · Japanese GAAP
FYE Dec 2024	6.8	+27.3%	Cons. · Japanese GAAP
FYE Dec 2025	9.0	+33.2%	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 Dec 2025 ¥13bn

CAGR · 10 yrs +6.5%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	7.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.8	+4.2%	Cons. · Japanese GAAP
FYE Mar 2019	7.6	−1.8%	Cons. · Japanese GAAP
FYE Mar 2020	9.2	+20.9%	Cons. · Japanese GAAP
FYE Mar 2021	6.7	−27.4%	Cons. · Japanese GAAP
FYE Mar 2022	6.3	−6.2%	Cons. · Japanese GAAP
FYE Dec 2022	5.2	−17.8%	Cons. · Japanese GAAP
FYE Dec 2023	9.4	+82.2%	Cons. · Japanese GAAP
FYE Dec 2024	12.7	+34.5%	Cons. · Japanese GAAP
FYE Dec 2025	13.2	+3.9%	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 Dec 2025 ¥47bn

CAGR · 10 yrs −0.2%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	48.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	67.5	+39.8%	Cons. · Japanese GAAP
FYE Mar 2019	72.6	+7.6%	Cons. · Japanese GAAP
FYE Mar 2020	52.6	−27.5%	Cons. · Japanese GAAP
FYE Mar 2021	49.5	−5.9%	Cons. · Japanese GAAP
FYE Mar 2022	64.8	+30.9%	Cons. · Japanese GAAP
FYE Dec 2022	43.3	−33.3%	Cons. · Japanese GAAP
FYE Dec 2023	70.3	+62.4%	Cons. · Japanese GAAP
FYE Dec 2024	49.2	−30.0%	Cons. · Japanese GAAP
FYE Dec 2025	47.3	−3.8%	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 Dec 2025 n/a

CAGR · 3 yrs −19.9%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2020	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 Dec 2022	0.9	n/a	Cons. · Japanese GAAP
FYE Dec 2023	1.3	+47.6%	Cons. · Japanese GAAP
FYE Dec 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Dec 2025	n/a	n/a	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 Dec 2025 ¥31bn

CAGR · 10 yrs −0.9%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	33.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	34.7	+3.1%	Cons. · Japanese GAAP
FYE Mar 2019	45.7	+31.7%	Cons. · Japanese GAAP
FYE Mar 2020	32.8	−28.1%	Cons. · Japanese GAAP
FYE Mar 2021	26.8	−18.4%	Cons. · Japanese GAAP
FYE Mar 2022	44.1	+64.6%	Cons. · Japanese GAAP
FYE Dec 2022	5.8	−86.9%	Cons. · Japanese GAAP
FYE Dec 2023	32.7	+466.3%	Cons. · Japanese GAAP
FYE Dec 2024	7.7	−76.4%	Cons. · Japanese GAAP
FYE Dec 2025	30.9	+300.7%	Cons. · Japanese GAAP

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

Gross margin

FYE Dec 2025 24.5%

Average · 10 yrs 23.2%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	23.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	24.4	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	23.2	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2020	22.5	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	21.8	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	22.5	+0.6pp	Cons. · Japanese GAAP
FYE Dec 2022	22.1	−0.4pp	Cons. · Japanese GAAP
FYE Dec 2023	23.6	+1.5pp	Cons. · Japanese GAAP
FYE Dec 2024	24.0	+0.4pp	Cons. · Japanese GAAP
FYE Dec 2025	24.5	+0.5pp	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 Dec 2025 4.8%

Average · 10 yrs 6.6%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	7.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.8	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2019	8.3	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	6.6	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	6.0	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	7.0	+0.9pp	Cons. · Japanese GAAP
FYE Dec 2022	5.2	−1.7pp	Cons. · Japanese GAAP
FYE Dec 2023	6.9	+1.6pp	Cons. · Japanese GAAP
FYE Dec 2024	5.1	−1.7pp	Cons. · Japanese GAAP
FYE Dec 2025	4.8	−0.3pp	Cons. · Japanese GAAP

Definition: The share of revenue the core business keeps
Formula: Operating profit ÷ revenue
Source: Securities report (XBRL)

Ordinary margin

FYE Dec 2025 4.4%

Average · 10 yrs 6.3%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	7.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.5	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	8.0	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	6.1	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2021	5.8	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	6.9	+1.0pp	Cons. · Japanese GAAP
FYE Dec 2022	5.1	−1.8pp	Cons. · Japanese GAAP
FYE Dec 2023	6.5	+1.4pp	Cons. · Japanese GAAP
FYE Dec 2024	4.6	−1.9pp	Cons. · Japanese GAAP
FYE Dec 2025	4.4	−0.2pp	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 Dec 2025 2.9%

Average · 10 yrs 3.3%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	5.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.4	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	5.1	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	3.8	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	3.2	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	4.7	+1.5pp	Cons. · Japanese GAAP
FYE Dec 2022	0.7	−4.0pp	Cons. · Japanese GAAP
FYE Dec 2023	3.0	+2.4pp	Cons. · Japanese GAAP
FYE Dec 2024	0.7	−2.3pp	Cons. · Japanese GAAP
FYE Dec 2025	2.9	+2.2pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Dec 2025 75.5%

Average · 10 yrs 76.8%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	76.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	75.6	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	76.8	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2020	77.5	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	78.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	77.5	−0.6pp	Cons. · Japanese GAAP
FYE Dec 2022	77.9	+0.4pp	Cons. · Japanese GAAP
FYE Dec 2023	76.4	−1.5pp	Cons. · Japanese GAAP
FYE Dec 2024	76.0	−0.4pp	Cons. · Japanese GAAP
FYE Dec 2025	75.5	−0.5pp	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 Dec 2025 19.6%

Average · 10 yrs 16.6%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	16.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	14.9	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	15.9	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	15.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	15.5	−0.3pp	Cons. · Japanese GAAP
FYE Dec 2022	16.8	+1.3pp	Cons. · Japanese GAAP
FYE Dec 2023	16.7	−0.1pp	Cons. · Japanese GAAP
FYE Dec 2024	18.8	+2.1pp	Cons. · Japanese GAAP
FYE Dec 2025	19.6	+0.8pp	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 Dec 2025 ¥1.32tn

CAGR · 10 yrs +5.8%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	796	n/a	Cons. · Japanese GAAP
FYE Mar 2018	895	+12.3%	Cons. · Japanese GAAP
FYE Mar 2019	954	+6.6%	Cons. · Japanese GAAP
FYE Mar 2020	996	+4.4%	Cons. · Japanese GAAP
FYE Mar 2021	1,031	+3.5%	Cons. · Japanese GAAP
FYE Mar 2022	1,095	+6.2%	Cons. · Japanese GAAP
FYE Dec 2022	1,149	+4.9%	Cons. · Japanese GAAP
FYE Dec 2023	1,201	+4.5%	Cons. · Japanese GAAP
FYE Dec 2024	1,260	+4.9%	Cons. · Japanese GAAP
FYE Dec 2025	1,321	+4.8%	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 Dec 2025 ¥682bn

CAGR · 10 yrs +6.1%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	399	n/a	Cons. · Japanese GAAP
FYE Mar 2018	431	+8.1%	Cons. · Japanese GAAP
FYE Mar 2019	453	+5.2%	Cons. · Japanese GAAP
FYE Mar 2020	464	+2.4%	Cons. · Japanese GAAP
FYE Mar 2021	491	+5.6%	Cons. · Japanese GAAP
FYE Mar 2022	551	+12.4%	Cons. · Japanese GAAP
FYE Dec 2022	569	+3.2%	Cons. · Japanese GAAP
FYE Dec 2023	620	+8.9%	Cons. · Japanese GAAP
FYE Dec 2024	641	+3.4%	Cons. · Japanese GAAP
FYE Dec 2025	682	+6.4%	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 Dec 2025 ¥161bn

CAGR · 10 yrs +15.5%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	44.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.4	−17.3%	Cons. · Japanese GAAP
FYE Mar 2019	34.4	−5.6%	Cons. · Japanese GAAP
FYE Mar 2020	55.2	+60.6%	Cons. · Japanese GAAP
FYE Mar 2021	71.2	+29.0%	Cons. · Japanese GAAP
FYE Mar 2022	47.5	−33.3%	Cons. · Japanese GAAP
FYE Dec 2022	68.8	+44.8%	Cons. · Japanese GAAP
FYE Dec 2023	102	+49.0%	Cons. · Japanese GAAP
FYE Dec 2024	157	+53.2%	Cons. · Japanese GAAP
FYE Dec 2025	161	+2.7%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Dec 2025 ¥112bn

CAGR · 10 yrs +13.2%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	36.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.5	−8.7%	Cons. · Japanese GAAP
FYE Mar 2019	23.4	−30.1%	Cons. · Japanese GAAP
FYE Mar 2020	63.1	+169.3%	Cons. · Japanese GAAP
FYE Mar 2021	31.7	−49.8%	Cons. · Japanese GAAP
FYE Mar 2022	25.2	−20.5%	Cons. · Japanese GAAP
FYE Dec 2022	36.4	+44.6%	Cons. · Japanese GAAP
FYE Dec 2023	63.3	+73.6%	Cons. · Japanese GAAP
FYE Dec 2024	84.8	+34.1%	Cons. · Japanese GAAP
FYE Dec 2025	112	+31.9%	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 Dec 2025 ¥81bn

CAGR · 10 yrs +28.0%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	8.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.7	+21.9%	Cons. · Japanese GAAP
FYE Mar 2019	12.9	+20.7%	Cons. · Japanese GAAP
FYE Mar 2020	31.5	+145.0%	Cons. · Japanese GAAP
FYE Mar 2021	42.7	+35.6%	Cons. · Japanese GAAP
FYE Mar 2022	36.1	−15.7%	Cons. · Japanese GAAP
FYE Dec 2022	49.3	+36.8%	Cons. · Japanese GAAP
FYE Dec 2023	49.0	−0.7%	Cons. · Japanese GAAP
FYE Dec 2024	76.8	+56.9%	Cons. · Japanese GAAP
FYE Dec 2025	80.8	+5.2%	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 Dec 2025 ¥60bn

CAGR · 10 yrs +22.0%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	10.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.0	+100.0%	Cons. · Japanese GAAP
FYE Mar 2019	20.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	30.0	+50.0%	Cons. · Japanese GAAP
FYE Mar 2021	50.0	+66.7%	Cons. · Japanese GAAP
FYE Mar 2022	50.0	−0.0%	Cons. · Japanese GAAP
FYE Dec 2022	50.0	−0.0%	Cons. · Japanese GAAP
FYE Dec 2023	50.0	−0.0%	Cons. · Japanese GAAP
FYE Dec 2024	60.0	+20.0%	Cons. · Japanese GAAP
FYE Dec 2025	60.0	−0.0%	Cons. · Japanese GAAP

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

Intangible assets

FYE Dec 2025 ¥33bn

CAGR · 10 yrs +9.0%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	15.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	50.3	+230.3%	Cons. · Japanese GAAP
FYE Mar 2019	65.1	+29.2%	Cons. · Japanese GAAP
FYE Mar 2020	74.1	+13.9%	Cons. · Japanese GAAP
FYE Mar 2021	76.8	+3.6%	Cons. · Japanese GAAP
FYE Mar 2022	77.6	+1.0%	Cons. · Japanese GAAP
FYE Dec 2022	56.6	−27.0%	Cons. · Japanese GAAP
FYE Dec 2023	45.6	−19.5%	Cons. · Japanese GAAP
FYE Dec 2024	28.3	−38.0%	Cons. · Japanese GAAP
FYE Dec 2025	33.1	+17.1%	Cons. · Japanese GAAP

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

Goodwill

FYE Dec 2025 ¥11bn

CAGR · 10 yrs +21.0%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.0	+809.7%	Cons. · Japanese GAAP
FYE Mar 2019	24.0	+33.4%	Cons. · Japanese GAAP
FYE Mar 2020	28.8	+19.9%	Cons. · Japanese GAAP
FYE Mar 2021	29.4	+1.8%	Cons. · Japanese GAAP
FYE Mar 2022	31.1	+5.8%	Cons. · Japanese GAAP
FYE Dec 2022	19.2	−38.1%	Cons. · Japanese GAAP
FYE Dec 2023	19.3	+0.5%	Cons. · Japanese GAAP
FYE Dec 2024	8.0	−58.5%	Cons. · Japanese GAAP
FYE Dec 2025	11.0	+37.7%	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 Dec 2025 51.6%

Average · 10 yrs 49.4%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	50.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	48.2	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2019	47.5	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	46.6	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	47.6	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	50.4	+2.7pp	Cons. · Japanese GAAP
FYE Dec 2022	49.5	−0.8pp	Cons. · Japanese GAAP
FYE Dec 2023	51.6	+2.1pp	Cons. · Japanese GAAP
FYE Dec 2024	50.8	−0.8pp	Cons. · Japanese GAAP
FYE Dec 2025	51.6	+0.8pp	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 Dec 2025 23.7%

Average · 10 yrs 13.9%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	11.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.4	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2019	7.6	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	11.9	+4.3pp	Cons. · Japanese GAAP
FYE Mar 2021	14.5	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2022	8.6	−5.9pp	Cons. · Japanese GAAP
FYE Dec 2022	12.1	+3.5pp	Cons. · Japanese GAAP
FYE Dec 2023	16.5	+4.5pp	Cons. · Japanese GAAP
FYE Dec 2024	24.5	+8.0pp	Cons. · Japanese GAAP
FYE Dec 2025	23.7	−0.8pp	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 Dec 2025 4.5%

Average · 10 yrs 5.9%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	8.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.0	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	10.1	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2020	7.1	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2021	5.5	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2022	8.0	+2.5pp	Cons. · Japanese GAAP
FYE Dec 2022	1.0	−7.0pp	Cons. · Japanese GAAP
FYE Dec 2023	5.3	+4.3pp	Cons. · Japanese GAAP
FYE Dec 2024	1.2	−4.1pp	Cons. · Japanese GAAP
FYE Dec 2025	4.5	+3.3pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Dec 2025 2.3%

Average · 10 yrs 2.9%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	4.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.9	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	4.8	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	3.3	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2021	2.6	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	4.0	+1.4pp	Cons. · Japanese GAAP
FYE Dec 2022	0.5	−3.5pp	Cons. · Japanese GAAP
FYE Dec 2023	2.7	+2.2pp	Cons. · Japanese GAAP
FYE Dec 2024	0.6	−2.1pp	Cons. · Japanese GAAP
FYE Dec 2025	2.3	+1.7pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Dec 2025 0.81×

CAGR · 10 yrs −0.5%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.85	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.88	+4.4%	Cons. · Japanese GAAP
FYE Mar 2019	0.95	+7.1%	Cons. · Japanese GAAP
FYE Mar 2020	0.87	−8.3%	Cons. · Japanese GAAP
FYE Mar 2021	0.82	−5.1%	Cons. · Japanese GAAP
FYE Mar 2022	0.86	+4.7%	Cons. · Japanese GAAP
FYE Dec 2022	0.74	−13.8%	Cons. · Japanese GAAP
FYE Dec 2023	0.90	+21.1%	Cons. · Japanese GAAP
FYE Dec 2024	0.85	−5.6%	Cons. · Japanese GAAP
FYE Dec 2025	0.81	−4.9%	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 Dec 2025 ¥64bn

CAGR · 10 yrs +5.9%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	38.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	71.1	+86.4%	Cons. · Japanese GAAP
FYE Mar 2019	55.2	−22.4%	Cons. · Japanese GAAP
FYE Mar 2020	36.3	−34.3%	Cons. · Japanese GAAP
FYE Mar 2021	64.1	+76.8%	Cons. · Japanese GAAP
FYE Mar 2022	61.7	−3.8%	Cons. · Japanese GAAP
FYE Dec 2022	21.4	−65.4%	Cons. · Japanese GAAP
FYE Dec 2023	65.4	+206.0%	Cons. · Japanese GAAP
FYE Dec 2024	12.8	−80.5%	Cons. · Japanese GAAP
FYE Dec 2025	63.7	+398.8%	Cons. · Japanese GAAP

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

Investing cash flow

FYE Dec 2025 -¥59bn

Average · 10 yrs -¥46bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-25.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-37.8	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-55.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-57.8	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-43.7	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-49.7	n/a	Cons. · Japanese GAAP
FYE Dec 2022	-37.3	n/a	Cons. · Japanese GAAP
FYE Dec 2023	-43.3	n/a	Cons. · Japanese GAAP
FYE Dec 2024	-49.5	n/a	Cons. · Japanese GAAP
FYE Dec 2025	-59.4	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 Dec 2025 -¥7.1bn

Average · 10 yrs -¥0.2bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-17.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-10.1	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-13.3	n/a	Cons. · Japanese GAAP
FYE Mar 2020	36.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-8.0	−122.1%	Cons. · Japanese GAAP
FYE Mar 2022	-28.1	n/a	Cons. · Japanese GAAP
FYE Dec 2022	21.7	n/a	Cons. · Japanese GAAP
FYE Dec 2023	-17.2	−179.4%	Cons. · Japanese GAAP
FYE Dec 2024	41.9	n/a	Cons. · Japanese GAAP
FYE Dec 2025	-7.1	−117.0%	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 Dec 2025 ¥108bn

CAGR · 10 yrs +6.5%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	61.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	85.5	+40.1%	Cons. · Japanese GAAP
FYE Mar 2019	69.8	−18.4%	Cons. · Japanese GAAP
FYE Mar 2020	83.6	+19.9%	Cons. · Japanese GAAP
FYE Mar 2021	96.2	+15.1%	Cons. · Japanese GAAP
FYE Mar 2022	85.0	−11.7%	Cons. · Japanese GAAP
FYE Dec 2022	93.7	+10.3%	Cons. · Japanese GAAP
FYE Dec 2023	100	+6.9%	Cons. · Japanese GAAP
FYE Dec 2024	108	+7.3%	Cons. · Japanese GAAP
FYE Dec 2025	108	+0.1%	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 Dec 2025 ¥4.3bn

CAGR · 10 yrs −11.0%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	12.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.3	+170.6%	Cons. · Japanese GAAP
FYE Mar 2019	0.2	−99.4%	Cons. · Japanese GAAP
FYE Mar 2020	-21.5	−10844.5%	Cons. · Japanese GAAP
FYE Mar 2021	20.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	12.0	−41.2%	Cons. · Japanese GAAP
FYE Dec 2022	-15.9	−232.6%	Cons. · Japanese GAAP
FYE Dec 2023	22.1	n/a	Cons. · Japanese GAAP
FYE Dec 2024	-36.7	−266.2%	Cons. · Japanese GAAP
FYE Dec 2025	4.3	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 Dec 2025 6.0%

Average · 10 yrs 5.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	5.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.0	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2019	6.1	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2020	4.2	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2021	7.6	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2022	6.5	−1.0pp	Cons. · Japanese GAAP
FYE Dec 2022	2.5	−4.0pp	Cons. · Japanese GAAP
FYE Dec 2023	6.0	+3.5pp	Cons. · Japanese GAAP
FYE Dec 2024	1.2	−4.9pp	Cons. · Japanese GAAP
FYE Dec 2025	6.0	+4.8pp	Cons. · Japanese GAAP

Definition: How much of the revenue turned into cash
Formula: Operating cash flow ÷ revenue
Source: Securities report (XBRL)

Net cash

FYE Dec 2025 -¥54bn

Average · 10 yrs ¥11bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	17.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	49.1	+188.3%	Cons. · Japanese GAAP
FYE Mar 2019	35.4	−27.9%	Cons. · Japanese GAAP
FYE Mar 2020	28.5	−19.7%	Cons. · Japanese GAAP
FYE Mar 2021	25.1	−11.9%	Cons. · Japanese GAAP
FYE Mar 2022	37.5	+49.5%	Cons. · Japanese GAAP
FYE Dec 2022	24.9	−33.5%	Cons. · Japanese GAAP
FYE Dec 2023	-2.3	−109.0%	Cons. · Japanese GAAP
FYE Dec 2024	-49.4	n/a	Cons. · Japanese GAAP
FYE Dec 2025	-53.6	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 Dec 2025 ¥510bn

Change · 10 yrs +¥33bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	477	n/a
FYE Mar 2018	496	n/a
FYE Mar 2019	440	n/a
FYE Mar 2020	240	n/a
FYE Mar 2021	378	n/a
FYE Mar 2022	347	n/a
FYE Dec 2022	325	n/a
FYE Dec 2023	437	n/a
FYE Dec 2024	399	n/a
FYE Dec 2025	510	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 Dec 2025 4,150¥

Change · 10 yrs +3,374¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	776	n/a
FYE Mar 2018	4,036	n/a
FYE Mar 2019	3,584	n/a
FYE Mar 2020	1,952	n/a
FYE Mar 2021	3,076	n/a
FYE Mar 2022	2,819	n/a
FYE Dec 2022	2,644	n/a
FYE Dec 2023	3,555	n/a
FYE Dec 2024	3,245	n/a
FYE Dec 2025	4,150	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 Dec 2025 122,905,000shares

Change · 10 yrs −491,622,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	614,527,000	Parent
FYE Mar 2018	122,905,000	Parent
FYE Mar 2019	122,905,000	Parent
FYE Mar 2020	122,905,000	Parent
FYE Mar 2021	122,905,000	Parent
FYE Mar 2022	122,905,000	Parent
FYE Dec 2022	122,905,000	Parent
FYE Dec 2023	122,905,000	Parent
FYE Dec 2024	122,905,000	Parent
FYE Dec 2025	122,905,000	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 Dec 2025 257.42¥

Change · 10 yrs −16.82¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	274.24	Cons.
FYE Mar 2018	282.83	Cons.
FYE Mar 2019	372.56	Cons.
FYE Mar 2020	267.77	Cons.
FYE Mar 2021	218.46	Cons.
FYE Mar 2022	359.61	Cons.
FYE Dec 2022	47.20	Cons.
FYE Dec 2023	267.30	Cons.
FYE Dec 2024	63.86	Cons.
FYE Dec 2025	257.42	Cons.

Definition: Net profit for each share
Formula: Net profit ÷ average shares outstanding
Source: Securities report (XBRL)

BPS book value per share

FYE Dec 2025 5,546.28¥

Change · 10 yrs +4,897.65¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	648.63	Cons. · Japanese GAAP
FYE Mar 2018	3,506.84	Cons. · Japanese GAAP
FYE Mar 2019	3,689.58	Cons. · Japanese GAAP
FYE Mar 2020	3,778.99	Cons. · Japanese GAAP
FYE Mar 2021	3,992.50	Cons. · Japanese GAAP
FYE Mar 2022	4,486.29	Cons. · Japanese GAAP
FYE Dec 2022	4,631.73	Cons. · Japanese GAAP
FYE Dec 2023	5,042.68	Cons. · Japanese GAAP
FYE Dec 2024	5,212.81	Cons. · Japanese GAAP
FYE Dec 2025	5,546.28	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Dec 2025 16.12×

Average · 10 yrs 20.35×

Fiscal year	PER ×	Basis
FYE Mar 2017	14.15	Cons.
FYE Mar 2018	14.27	Cons.
FYE Mar 2019	9.62	Cons.
FYE Mar 2020	7.29	Cons.
FYE Mar 2021	14.08	Cons.
FYE Mar 2022	7.84	Cons.
FYE Dec 2022	56.02	Cons.
FYE Dec 2023	13.30	Cons.
FYE Dec 2024	50.82	Cons.
FYE Dec 2025	16.12	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 Dec 2025 0.73×

Average · 10 yrs 0.78×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.19	Cons.
FYE Mar 2018	1.15	Cons.
FYE Mar 2019	0.97	Cons.
FYE Mar 2020	0.51	Cons.
FYE Mar 2021	0.77	Cons.
FYE Mar 2022	0.63	Cons.
FYE Dec 2022	0.57	Cons.
FYE Dec 2023	0.70	Cons.
FYE Dec 2024	0.61	Cons.
FYE Dec 2025	0.73	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 Dec 2025 25,123people

Change · 10 yrs +5,802 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	19,321	n/a	Cons.
FYE Mar 2018	21,017	+8.8%	Cons.
FYE Mar 2019	22,543	+7.3%	Cons.
FYE Mar 2020	23,635	+4.8%	Cons.
FYE Mar 2021	24,050	+1.8%	Cons.
FYE Mar 2022	24,584	+2.2%	Cons.
FYE Dec 2022	25,211	+2.6%	Cons.
FYE Dec 2023	25,303	+0.4%	Cons.
FYE Dec 2024	25,337	+0.1%	Cons.
FYE Dec 2025	25,123	−0.8%	Cons.

Definition: Everyone employed across the group
Formula: Consolidated headcount, from the employee section of the filing
Source: Securities report (XBRL)

Parent-company employees

FYE Dec 2025 4,400people

Change · 10 yrs +1,628 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	2,772	n/a	Parent
FYE Mar 2018	2,857	+3.1%	Parent
FYE Mar 2019	3,002	+5.1%	Parent
FYE Mar 2020	3,068	+2.2%	Parent
FYE Mar 2021	3,356	+9.4%	Parent
FYE Mar 2022	3,370	+0.4%	Parent
FYE Dec 2022	3,849	+14.2%	Parent
FYE Dec 2023	4,033	+4.8%	Parent
FYE Dec 2024	4,410	+9.3%	Parent
FYE Dec 2025	4,400	−0.2%	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 Dec 2025 ¥8.6m

Change · 10 yrs +¥0.8m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	7.8	n/a	Parent
FYE Mar 2018	7.8	−0.3%	Parent
FYE Mar 2019	7.9	+0.7%	Parent
FYE Mar 2020	7.9	+0.7%	Parent
FYE Mar 2021	7.7	−2.5%	Parent
FYE Mar 2022	8.1	+4.6%	Parent
FYE Dec 2022	8.1	+0.3%	Parent
FYE Dec 2023	8.0	−1.6%	Parent
FYE Dec 2024	8.4	+5.0%	Parent
FYE Dec 2025	8.6	+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 Dec 2025 43.5years

Change · 8 yrs +1.2 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	42.3	n/a	Parent
FYE Mar 2020	42.3	−0.0%	Parent
FYE Mar 2021	42.4	+0.2%	Parent
FYE Mar 2022	43.4	+2.4%	Parent
FYE Dec 2022	42.9	−1.2%	Parent
FYE Dec 2023	42.9	−0.0%	Parent
FYE Dec 2024	43.2	+0.7%	Parent
FYE Dec 2025	43.5	+0.7%	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 Dec 2025 13.8years

Change · 10 yrs −2.5 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	16.3	n/a	Parent
FYE Mar 2018	17.4	+6.7%	Parent
FYE Mar 2019	15.6	−10.3%	Parent
FYE Mar 2020	15.4	−1.3%	Parent
FYE Mar 2021	15.1	−1.9%	Parent
FYE Mar 2022	16.1	+6.6%	Parent
FYE Dec 2022	14.4	−10.6%	Parent
FYE Dec 2023	14.0	−2.8%	Parent
FYE Dec 2024	13.5	−3.6%	Parent
FYE Dec 2025	13.8	+2.2%	Parent

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

Revenue per employee

FYE Dec 2025 ¥42.5m

Change · 10 yrs +¥7.6m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	34.9	n/a	Cons.
FYE Mar 2018	37.6	+7.8%	Cons.
FYE Mar 2019	40.1	+6.4%	Cons.
FYE Mar 2020	36.6	−8.7%	Cons.
FYE Mar 2021	35.3	−3.5%	Cons.
FYE Mar 2022	38.4	+8.8%	Cons.
FYE Dec 2022	33.9	−11.8%	Cons.
FYE Dec 2023	42.7	+26.2%	Cons.
FYE Dec 2024	42.3	−1.1%	Cons.
FYE Dec 2025	42.5	+0.5%	Cons.

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

Operating profit per employee

FYE Dec 2025 ¥2.0m

Change · 10 yrs −¥0.5m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.5	n/a	Cons.
FYE Mar 2018	3.3	+32.7%	Cons.
FYE Mar 2019	3.3	+0.3%	Cons.
FYE Mar 2020	2.4	−28.0%	Cons.
FYE Mar 2021	2.1	−11.2%	Cons.
FYE Mar 2022	2.7	+25.1%	Cons.
FYE Dec 2022	1.8	−33.5%	Cons.
FYE Dec 2023	2.9	+65.4%	Cons.
FYE Dec 2024	2.2	−26.0%	Cons.
FYE Dec 2025	2.0	−5.8%	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

Sumitomo Heavy Industries’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/6302/company.json ·/api/6302/history.json ·/api/6302/ceo.json ·/api/6302/financials.json ·/api/6302/financials/segment.json ·/api/6302/financials/pl.json ·/api/6302/financials/cf.json ·/api/6302/financials/bs.json ·/api/6302/financials/employee.json ·/api/6302/financials/stock.json ·/api/6302/financials.csv ·/api/6302/financials_history.csv

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