Financials

Rorze: FYE Feb 2026 and ten years of results (51 metrics)

FYE Feb 2026 · Revenue¥129bnYoY +3.5%

FYE Feb 2026 · Operating profit¥31bnYoY −2.7%

FYE Feb 2026 · Net profit¥19bnYoY −19.4%

FYE Feb 2026 · Equity ratio66.0%YoY +3.2pp

FYE Feb 2026 · Group employees4,435YoY +33

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Feb 2017Consolidated	¥25bn	n/a	¥4.6bn	n/a	18.5%	¥3.1bn	Fujishiro Yoshiyuki	Designated to the TSE First Section
FYE Feb 2018Consolidated	¥52bn	+111.2%	¥4.2bn	−7.3%	8.1%	¥2.7bn	Fujishiro Yoshiyuki	Rorze Lifescience formed; second Vietnamese plant in Bac Ninh
FYE Feb 2019Consolidated	¥31bn	−40.0%	¥5.8bn	+37.2%	18.5%	¥4.4bn	Fujishiro Yoshiyuki	—
FYE Feb 2020Consolidated	¥37bn	+18.3%	¥7.7bn	+33.2%	20.9%	¥5.5bn	Fujishiro Yoshiyuki	—
FYE Feb 2021Consolidated	¥51bn	+36.9%	¥9.3bn	+20.3%	18.3%	¥6.5bn	Fujishiro Yoshiyuki	—
FYE Feb 2022Consolidated	¥67bn	+31.9%	¥16bn	+69.7%	23.6%	¥13bn	Fujishiro Yoshiyuki	—
FYE Feb 2023Consolidated	¥95bn	+41.1%	¥26bn	+67.1%	28.0%	¥21bn	Fujishiro Yoshiyuki	—
FYE Feb 2024Consolidated	¥93bn	−1.3%	¥24bn	−8.6%	25.9%	¥20bn	Fujishiro Yoshiyuki	Acquires the wafer-cleaning maker EIAS; 28% operating margin
FYE Feb 2025Consolidated	¥124bn	+33.4%	¥32bn	+32.7%	25.7%	¥24bn	Fujishiro Yoshiyuki	—
FYE Feb 2026Consolidated	¥129bn	+3.5%	¥31bn	−2.7%	24.2%	¥19bn	Fujishiro Yoshiyuki	Record revenue of <span class="en-history_money" data-yen="124400000000" data-year="2025">$831.3M (¥124bn)</span>

How it compares

Disco¥437bnFY2025Operating margin 42.3%Tokyo Seimitsu (Accretech)¥167bnFY2025Operating margin 20.2%

Rorze¥129bnFY2025Operating margin 24.2%

Shibaura Mechatronics¥88bnFY2025Operating margin 17.3%

Oputoran¥34bnFY2025Operating 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 Feb 2026 ¥129bn

CAGR · 10 yrs +20.1%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Feb 2017	24.7	n/a	Cons. · Japanese GAAP
FYE Feb 2018	52.2	+111.2%	Cons. · Japanese GAAP
FYE Feb 2019	31.4	−40.0%	Cons. · Japanese GAAP
FYE Feb 2020	37.1	+18.3%	Cons. · Japanese GAAP
FYE Feb 2021	50.8	+36.9%	Cons. · Japanese GAAP
FYE Feb 2022	67.0	+31.9%	Cons. · Japanese GAAP
FYE Feb 2023	94.5	+41.1%	Cons. · Japanese GAAP
FYE Feb 2024	93.2	−1.3%	Cons. · Japanese GAAP
FYE Feb 2025	124	+33.4%	Cons. · Japanese GAAP
FYE Feb 2026	129	+3.5%	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 Feb 2026 ¥76bn

CAGR · 10 yrs +18.3%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Feb 2017	16.7	n/a	Cons. · Japanese GAAP
FYE Feb 2018	43.0	+157.0%	Cons. · Japanese GAAP
FYE Feb 2019	20.8	−51.6%	Cons. · Japanese GAAP
FYE Feb 2020	23.8	+14.4%	Cons. · Japanese GAAP
FYE Feb 2021	36.1	+51.5%	Cons. · Japanese GAAP
FYE Feb 2022	44.4	+23.0%	Cons. · Japanese GAAP
FYE Feb 2023	59.7	+34.6%	Cons. · Japanese GAAP
FYE Feb 2024	58.0	−2.9%	Cons. · Japanese GAAP
FYE Feb 2025	74.8	+29.0%	Cons. · Japanese GAAP
FYE Feb 2026	76.1	+1.8%	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 Feb 2026 ¥53bn

CAGR · 10 yrs +23.3%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Feb 2017	8.0	n/a	Cons. · Japanese GAAP
FYE Feb 2018	9.2	+15.5%	Cons. · Japanese GAAP
FYE Feb 2019	10.6	+14.2%	Cons. · Japanese GAAP
FYE Feb 2020	13.3	+25.9%	Cons. · Japanese GAAP
FYE Feb 2021	14.7	+10.8%	Cons. · Japanese GAAP
FYE Feb 2022	22.6	+53.8%	Cons. · Japanese GAAP
FYE Feb 2023	34.8	+53.7%	Cons. · Japanese GAAP
FYE Feb 2024	35.3	+1.3%	Cons. · Japanese GAAP
FYE Feb 2025	49.6	+40.7%	Cons. · Japanese GAAP
FYE Feb 2026	52.7	+6.1%	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 Feb 2026 ¥21bn

CAGR · 10 yrs +22.6%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Feb 2017	3.4	n/a	Cons. · Japanese GAAP
FYE Feb 2018	5.0	+45.8%	Cons. · Japanese GAAP
FYE Feb 2019	4.7	−5.3%	Cons. · Japanese GAAP
FYE Feb 2020	5.5	+16.9%	Cons. · Japanese GAAP
FYE Feb 2021	5.4	−2.4%	Cons. · Japanese GAAP
FYE Feb 2022	6.8	+26.3%	Cons. · Japanese GAAP
FYE Feb 2023	8.4	+22.8%	Cons. · Japanese GAAP
FYE Feb 2024	11.1	+32.6%	Cons. · Japanese GAAP
FYE Feb 2025	17.6	+58.2%	Cons. · Japanese GAAP
FYE Feb 2026	21.5	+22.2%	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 Feb 2026 ¥31bn

CAGR · 10 yrs +23.8%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Feb 2017	4.6	n/a	Cons. · Japanese GAAP
FYE Feb 2018	4.2	−7.3%	Cons. · Japanese GAAP
FYE Feb 2019	5.8	+37.2%	Cons. · Japanese GAAP
FYE Feb 2020	7.7	+33.2%	Cons. · Japanese GAAP
FYE Feb 2021	9.3	+20.3%	Cons. · Japanese GAAP
FYE Feb 2022	15.8	+69.7%	Cons. · Japanese GAAP
FYE Feb 2023	26.4	+67.1%	Cons. · Japanese GAAP
FYE Feb 2024	24.1	−8.6%	Cons. · Japanese GAAP
FYE Feb 2025	32.0	+32.7%	Cons. · Japanese GAAP
FYE Feb 2026	31.2	−2.7%	Cons. · Japanese GAAP

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

Non-operating income

FYE Feb 2026 ¥1.7bn

CAGR · 10 yrs +34.5%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Feb 2017	0.1	n/a	Cons. · Japanese GAAP
FYE Feb 2018	0.5	+285.2%	Cons. · Japanese GAAP
FYE Feb 2019	0.3	−28.7%	Cons. · Japanese GAAP
FYE Feb 2020	0.2	−48.1%	Cons. · Japanese GAAP
FYE Feb 2021	0.4	+135.8%	Cons. · Japanese GAAP
FYE Feb 2022	2.4	+478.9%	Cons. · Japanese GAAP
FYE Feb 2023	4.3	+83.5%	Cons. · Japanese GAAP
FYE Feb 2024	3.2	−25.7%	Cons. · Japanese GAAP
FYE Feb 2025	4.4	+38.1%	Cons. · Japanese GAAP
FYE Feb 2026	1.7	−60.6%	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 Feb 2026 ¥0.3bn

CAGR · 10 yrs +10.7%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Feb 2017	0.1	n/a	Cons. · Japanese GAAP
FYE Feb 2018	0.3	+168.0%	Cons. · Japanese GAAP
FYE Feb 2019	0.2	−43.5%	Cons. · Japanese GAAP
FYE Feb 2020	0.4	+137.0%	Cons. · Japanese GAAP
FYE Feb 2021	1.2	+209.5%	Cons. · Japanese GAAP
FYE Feb 2022	0.3	−72.3%	Cons. · Japanese GAAP
FYE Feb 2023	0.4	+14.1%	Cons. · Japanese GAAP
FYE Feb 2024	0.3	−31.1%	Cons. · Japanese GAAP
FYE Feb 2025	1.0	+272.0%	Cons. · Japanese GAAP
FYE Feb 2026	0.3	−72.1%	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 Feb 2026 ¥33bn

CAGR · 10 yrs +24.4%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Feb 2017	4.6	n/a	Cons. · Japanese GAAP
FYE Feb 2018	4.4	−3.9%	Cons. · Japanese GAAP
FYE Feb 2019	6.0	+35.7%	Cons. · Japanese GAAP
FYE Feb 2020	7.5	+25.8%	Cons. · Japanese GAAP
FYE Feb 2021	8.5	+12.9%	Cons. · Japanese GAAP
FYE Feb 2022	17.8	+109.9%	Cons. · Japanese GAAP
FYE Feb 2023	30.3	+70.3%	Cons. · Japanese GAAP
FYE Feb 2024	27.1	−10.8%	Cons. · Japanese GAAP
FYE Feb 2025	35.5	+30.9%	Cons. · Japanese GAAP
FYE Feb 2026	32.6	−8.0%	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 Feb 2026 ¥12.0m

CAGR · 10 yrs −17.7%

Fiscal year	Extraordinary income ¥ m	YoY	Basis
FYE Feb 2017	69.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	55.3	−20.5%	Cons. · Japanese GAAP
FYE Feb 2019	18.5	−66.6%	Cons. · Japanese GAAP
FYE Feb 2020	57.4	+210.9%	Cons. · Japanese GAAP
FYE Feb 2021	464	+708.5%	Cons. · Japanese GAAP
FYE Feb 2022	899	+93.6%	Cons. · Japanese GAAP
FYE Feb 2023	14.0	−98.4%	Cons. · Japanese GAAP
FYE Feb 2024	2.0	−85.7%	Cons. · Japanese GAAP
FYE Feb 2025	0.0	−100.0%	Cons. · Japanese GAAP
FYE Feb 2026	12.0	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)

Extraordinary loss

FYE Feb 2026 ¥7.6bn

CAGR · 7 yrs +118.2%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Feb 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2020	0.1	n/a	Cons. · Japanese GAAP
FYE Feb 2021	0.0	−87.9%	Cons. · Japanese GAAP
FYE Feb 2022	0.2	+2625.1%	Cons. · Japanese GAAP
FYE Feb 2023	0.0	−97.9%	Cons. · Japanese GAAP
FYE Feb 2024	0.0	+140.0%	Cons. · Japanese GAAP
FYE Feb 2025	2.9	+24025.0%	Cons. · Japanese GAAP
FYE Feb 2026	7.6	+163.4%	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 Feb 2026 ¥19bn

CAGR · 10 yrs +22.6%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Feb 2017	3.1	n/a	Cons. · Japanese GAAP
FYE Feb 2018	2.7	−10.2%	Cons. · Japanese GAAP
FYE Feb 2019	4.4	+60.3%	Cons. · Japanese GAAP
FYE Feb 2020	5.5	+24.4%	Cons. · Japanese GAAP
FYE Feb 2021	6.5	+18.3%	Cons. · Japanese GAAP
FYE Feb 2022	12.8	+98.2%	Cons. · Japanese GAAP
FYE Feb 2023	21.4	+66.7%	Cons. · Japanese GAAP
FYE Feb 2024	19.6	−8.5%	Cons. · Japanese GAAP
FYE Feb 2025	23.6	+20.7%	Cons. · Japanese GAAP
FYE Feb 2026	19.0	−19.4%	Cons. · Japanese GAAP

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

Gross margin

FYE Feb 2026 40.9%

Average · 10 yrs 33.8%

Fiscal year	Gross margin %	YoY	Basis
FYE Feb 2017	32.4	n/a	Cons. · Japanese GAAP
FYE Feb 2018	17.7	−14.7pp	Cons. · Japanese GAAP
FYE Feb 2019	33.6	+15.9pp	Cons. · Japanese GAAP
FYE Feb 2020	35.8	+2.2pp	Cons. · Japanese GAAP
FYE Feb 2021	29.0	−6.8pp	Cons. · Japanese GAAP
FYE Feb 2022	33.8	+4.8pp	Cons. · Japanese GAAP
FYE Feb 2023	36.8	+3.0pp	Cons. · Japanese GAAP
FYE Feb 2024	37.8	+1.0pp	Cons. · Japanese GAAP
FYE Feb 2025	39.9	+2.1pp	Cons. · Japanese GAAP
FYE Feb 2026	40.9	+1.0pp	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 Feb 2026 24.2%

Average · 10 yrs 21.2%

Fiscal year	Operating margin %	YoY	Basis
FYE Feb 2017	18.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	8.1	−10.4pp	Cons. · Japanese GAAP
FYE Feb 2019	18.5	+10.4pp	Cons. · Japanese GAAP
FYE Feb 2020	20.9	+2.3pp	Cons. · Japanese GAAP
FYE Feb 2021	18.3	−2.5pp	Cons. · Japanese GAAP
FYE Feb 2022	23.6	+5.3pp	Cons. · Japanese GAAP
FYE Feb 2023	28.0	+4.4pp	Cons. · Japanese GAAP
FYE Feb 2024	25.9	−2.1pp	Cons. · Japanese GAAP
FYE Feb 2025	25.7	−0.1pp	Cons. · Japanese GAAP
FYE Feb 2026	24.2	−1.6pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Feb 2026 25.3%

Average · 10 yrs 22.5%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Feb 2017	18.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	8.4	−10.1pp	Cons. · Japanese GAAP
FYE Feb 2019	19.1	+10.6pp	Cons. · Japanese GAAP
FYE Feb 2020	20.3	+1.2pp	Cons. · Japanese GAAP
FYE Feb 2021	16.7	−3.6pp	Cons. · Japanese GAAP
FYE Feb 2022	26.6	+9.9pp	Cons. · Japanese GAAP
FYE Feb 2023	32.1	+5.5pp	Cons. · Japanese GAAP
FYE Feb 2024	29.0	−3.1pp	Cons. · Japanese GAAP
FYE Feb 2025	28.5	−0.5pp	Cons. · Japanese GAAP
FYE Feb 2026	25.3	−3.2pp	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 Feb 2026 14.8%

Average · 10 yrs 15.6%

Fiscal year	Net margin %	YoY	Basis
FYE Feb 2017	12.3	n/a	Cons. · Japanese GAAP
FYE Feb 2018	5.3	−7.1pp	Cons. · Japanese GAAP
FYE Feb 2019	14.0	+8.8pp	Cons. · Japanese GAAP
FYE Feb 2020	14.7	+0.7pp	Cons. · Japanese GAAP
FYE Feb 2021	12.7	−2.0pp	Cons. · Japanese GAAP
FYE Feb 2022	19.1	+6.4pp	Cons. · Japanese GAAP
FYE Feb 2023	22.6	+3.5pp	Cons. · Japanese GAAP
FYE Feb 2024	21.0	−1.6pp	Cons. · Japanese GAAP
FYE Feb 2025	19.0	−2.0pp	Cons. · Japanese GAAP
FYE Feb 2026	14.8	−4.2pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Feb 2026 59.1%

Average · 10 yrs 66.2%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Feb 2017	67.6	n/a	Cons. · Japanese GAAP
FYE Feb 2018	82.3	+14.7pp	Cons. · Japanese GAAP
FYE Feb 2019	66.4	−15.9pp	Cons. · Japanese GAAP
FYE Feb 2020	64.2	−2.2pp	Cons. · Japanese GAAP
FYE Feb 2021	71.0	+6.8pp	Cons. · Japanese GAAP
FYE Feb 2022	66.2	−4.8pp	Cons. · Japanese GAAP
FYE Feb 2023	63.2	−3.0pp	Cons. · Japanese GAAP
FYE Feb 2024	62.2	−1.0pp	Cons. · Japanese GAAP
FYE Feb 2025	60.1	−2.1pp	Cons. · Japanese GAAP
FYE Feb 2026	59.1	−1.0pp	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 Feb 2026 16.7%

Average · 10 yrs 12.6%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Feb 2017	13.9	n/a	Cons. · Japanese GAAP
FYE Feb 2018	9.6	−4.3pp	Cons. · Japanese GAAP
FYE Feb 2019	15.1	+5.5pp	Cons. · Japanese GAAP
FYE Feb 2020	14.9	−0.2pp	Cons. · Japanese GAAP
FYE Feb 2021	10.6	−4.3pp	Cons. · Japanese GAAP
FYE Feb 2022	10.2	−0.4pp	Cons. · Japanese GAAP
FYE Feb 2023	8.9	−1.3pp	Cons. · Japanese GAAP
FYE Feb 2024	11.9	+3.0pp	Cons. · Japanese GAAP
FYE Feb 2025	14.1	+2.2pp	Cons. · Japanese GAAP
FYE Feb 2026	16.7	+2.5pp	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 Feb 2026 ¥197bn

CAGR · 10 yrs +24.7%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Feb 2017	27.0	n/a	Cons. · Japanese GAAP
FYE Feb 2018	33.9	+25.7%	Cons. · Japanese GAAP
FYE Feb 2019	47.3	+39.6%	Cons. · Japanese GAAP
FYE Feb 2020	54.8	+15.8%	Cons. · Japanese GAAP
FYE Feb 2021	59.5	+8.7%	Cons. · Japanese GAAP
FYE Feb 2022	88.3	+48.3%	Cons. · Japanese GAAP
FYE Feb 2023	126	+43.3%	Cons. · Japanese GAAP
FYE Feb 2024	156	+23.4%	Cons. · Japanese GAAP
FYE Feb 2025	188	+20.2%	Cons. · Japanese GAAP
FYE Feb 2026	197	+5.1%	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 Feb 2026 ¥130bn

CAGR · 10 yrs +27.9%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Feb 2017	14.2	n/a	Cons. · Japanese GAAP
FYE Feb 2018	17.0	+20.1%	Cons. · Japanese GAAP
FYE Feb 2019	20.6	+21.1%	Cons. · Japanese GAAP
FYE Feb 2020	25.3	+23.0%	Cons. · Japanese GAAP
FYE Feb 2021	30.9	+22.0%	Cons. · Japanese GAAP
FYE Feb 2022	45.4	+47.0%	Cons. · Japanese GAAP
FYE Feb 2023	68.3	+50.3%	Cons. · Japanese GAAP
FYE Feb 2024	92.3	+35.1%	Cons. · Japanese GAAP
FYE Feb 2025	118	+27.7%	Cons. · Japanese GAAP
FYE Feb 2026	130	+10.5%	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 Feb 2026 ¥24bn

CAGR · 10 yrs +21.9%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Feb 2017	4.0	n/a	Cons. · Japanese GAAP
FYE Feb 2018	7.1	+77.6%	Cons. · Japanese GAAP
FYE Feb 2019	16.8	+137.6%	Cons. · Japanese GAAP
FYE Feb 2020	17.7	+5.1%	Cons. · Japanese GAAP
FYE Feb 2021	16.8	−5.2%	Cons. · Japanese GAAP
FYE Feb 2022	20.9	+24.6%	Cons. · Japanese GAAP
FYE Feb 2023	32.8	+57.2%	Cons. · Japanese GAAP
FYE Feb 2024	34.5	+5.1%	Cons. · Japanese GAAP
FYE Feb 2025	31.6	−8.4%	Cons. · Japanese GAAP
FYE Feb 2026	23.8	−24.7%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Feb 2026 ¥16bn

CAGR · 10 yrs +18.3%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Feb 2017	3.4	n/a	Cons. · Japanese GAAP
FYE Feb 2018	4.4	+29.4%	Cons. · Japanese GAAP
FYE Feb 2019	8.9	+101.1%	Cons. · Japanese GAAP
FYE Feb 2020	9.9	+11.1%	Cons. · Japanese GAAP
FYE Feb 2021	11.5	+16.1%	Cons. · Japanese GAAP
FYE Feb 2022	11.9	+4.0%	Cons. · Japanese GAAP
FYE Feb 2023	14.9	+25.3%	Cons. · Japanese GAAP
FYE Feb 2024	16.3	+9.4%	Cons. · Japanese GAAP
FYE Feb 2025	14.9	−8.5%	Cons. · Japanese GAAP
FYE Feb 2026	15.6	+4.2%	Cons. · Japanese GAAP

Definition: Borrowings repayable within a year
Formula: Short-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Long-term borrowings

FYE Feb 2026 ¥8.2bn

CAGR · 10 yrs +34.5%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Feb 2017	0.6	n/a	Cons. · Japanese GAAP
FYE Feb 2018	2.7	+368.0%	Cons. · Japanese GAAP
FYE Feb 2019	7.9	+198.5%	Cons. · Japanese GAAP
FYE Feb 2020	7.8	−1.7%	Cons. · Japanese GAAP
FYE Feb 2021	5.3	−32.1%	Cons. · Japanese GAAP
FYE Feb 2022	9.0	+69.1%	Cons. · Japanese GAAP
FYE Feb 2023	17.9	+99.6%	Cons. · Japanese GAAP
FYE Feb 2024	18.2	+1.6%	Cons. · Japanese GAAP
FYE Feb 2025	16.6	−8.4%	Cons. · Japanese GAAP
FYE Feb 2026	8.2	−50.7%	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 Feb 2026 ¥9.2bn

CAGR · 10 yrs +50.2%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Feb 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Feb 2018	0.2	+3.6%	Cons. · Japanese GAAP
FYE Feb 2019	0.2	−2.2%	Cons. · Japanese GAAP
FYE Feb 2020	0.6	+136.8%	Cons. · Japanese GAAP
FYE Feb 2021	0.5	−4.5%	Cons. · Japanese GAAP
FYE Feb 2022	0.6	+12.9%	Cons. · Japanese GAAP
FYE Feb 2023	0.6	+4.7%	Cons. · Japanese GAAP
FYE Feb 2024	5.2	+712.0%	Cons. · Japanese GAAP
FYE Feb 2025	12.6	+141.5%	Cons. · Japanese GAAP
FYE Feb 2026	9.2	−26.9%	Cons. · Japanese GAAP

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

Goodwill

FYE Feb 2026 ¥6.3bn

CAGR · 3 yrs +65.2%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Feb 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2024	2.3	n/a	Cons. · Japanese GAAP
FYE Feb 2025	9.6	+315.7%	Cons. · Japanese GAAP
FYE Feb 2026	6.3	−34.3%	Cons. · Japanese GAAP

Definition: What an acquisition cost above the net assets it brought
Formula: Goodwill line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Feb 2026 66.0%

Average · 10 yrs 53.8%

Fiscal year	Equity ratio %	YoY	Basis
FYE Feb 2017	52.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	50.2	−2.3pp	Cons. · Japanese GAAP
FYE Feb 2019	43.5	−6.7pp	Cons. · Japanese GAAP
FYE Feb 2020	46.3	+2.7pp	Cons. · Japanese GAAP
FYE Feb 2021	51.9	+5.7pp	Cons. · Japanese GAAP
FYE Feb 2022	51.5	−0.5pp	Cons. · Japanese GAAP
FYE Feb 2023	54.0	+2.5pp	Cons. · Japanese GAAP
FYE Feb 2024	59.1	+5.1pp	Cons. · Japanese GAAP
FYE Feb 2025	62.8	+3.7pp	Cons. · Japanese GAAP
FYE Feb 2026	66.0	+3.2pp	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 Feb 2026 18.3%

Average · 10 yrs 45.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Feb 2017	28.1	n/a	Cons. · Japanese GAAP
FYE Feb 2018	41.6	+13.5pp	Cons. · Japanese GAAP
FYE Feb 2019	81.7	+40.1pp	Cons. · Japanese GAAP
FYE Feb 2020	69.8	−11.9pp	Cons. · Japanese GAAP
FYE Feb 2021	54.2	−15.5pp	Cons. · Japanese GAAP
FYE Feb 2022	46.0	−8.3pp	Cons. · Japanese GAAP
FYE Feb 2023	48.1	+2.1pp	Cons. · Japanese GAAP
FYE Feb 2024	37.4	−10.7pp	Cons. · Japanese GAAP
FYE Feb 2025	26.8	−10.6pp	Cons. · Japanese GAAP
FYE Feb 2026	18.3	−8.5pp	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 Feb 2026 14.6%

Average · 10 yrs 21.7%

Fiscal year	ROE %	YoY	Basis
FYE Feb 2017	21.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	16.1	−5.4pp	Cons. · Japanese GAAP
FYE Feb 2019	21.3	+5.2pp	Cons. · Japanese GAAP
FYE Feb 2020	21.6	+0.2pp	Cons. · Japanese GAAP
FYE Feb 2021	20.9	−0.7pp	Cons. · Japanese GAAP
FYE Feb 2022	28.2	+7.3pp	Cons. · Japanese GAAP
FYE Feb 2023	31.3	+3.1pp	Cons. · Japanese GAAP
FYE Feb 2024	21.2	−10.1pp	Cons. · Japanese GAAP
FYE Feb 2025	20.0	−1.2pp	Cons. · Japanese GAAP
FYE Feb 2026	14.6	−5.4pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Feb 2026 9.7%

Average · 10 yrs 11.6%

Fiscal year	ROA %	YoY	Basis
FYE Feb 2017	11.3	n/a	Cons. · Japanese GAAP
FYE Feb 2018	8.1	−3.2pp	Cons. · Japanese GAAP
FYE Feb 2019	9.3	+1.2pp	Cons. · Japanese GAAP
FYE Feb 2020	10.0	+0.7pp	Cons. · Japanese GAAP
FYE Feb 2021	10.9	+0.9pp	Cons. · Japanese GAAP
FYE Feb 2022	14.5	+3.7pp	Cons. · Japanese GAAP
FYE Feb 2023	16.9	+2.4pp	Cons. · Japanese GAAP
FYE Feb 2024	12.5	−4.4pp	Cons. · Japanese GAAP
FYE Feb 2025	12.6	+0.1pp	Cons. · Japanese GAAP
FYE Feb 2026	9.7	−2.9pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Feb 2026 0.65×

CAGR · 10 yrs −3.7%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Feb 2017	0.92	n/a	Cons. · Japanese GAAP
FYE Feb 2018	1.54	+68.1%	Cons. · Japanese GAAP
FYE Feb 2019	0.66	−57.0%	Cons. · Japanese GAAP
FYE Feb 2020	0.68	+2.2%	Cons. · Japanese GAAP
FYE Feb 2021	0.85	+26.0%	Cons. · Japanese GAAP
FYE Feb 2022	0.76	−11.1%	Cons. · Japanese GAAP
FYE Feb 2023	0.75	−1.5%	Cons. · Japanese GAAP
FYE Feb 2024	0.60	−20.1%	Cons. · Japanese GAAP
FYE Feb 2025	0.66	+11.0%	Cons. · Japanese GAAP
FYE Feb 2026	0.65	−1.5%	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 Feb 2026 ¥31bn

CAGR · 10 yrs +26.9%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Feb 2017	3.7	n/a	Cons. · Japanese GAAP
FYE Feb 2018	-0.0	−100.8%	Cons. · Japanese GAAP
FYE Feb 2019	-1.5	n/a	Cons. · Japanese GAAP
FYE Feb 2020	6.7	n/a	Cons. · Japanese GAAP
FYE Feb 2021	8.2	+22.5%	Cons. · Japanese GAAP
FYE Feb 2022	3.0	−63.0%	Cons. · Japanese GAAP
FYE Feb 2023	-1.9	−163.7%	Cons. · Japanese GAAP
FYE Feb 2024	15.5	n/a	Cons. · Japanese GAAP
FYE Feb 2025	36.8	+136.7%	Cons. · Japanese GAAP
FYE Feb 2026	31.2	−15.2%	Cons. · Japanese GAAP

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

Investing cash flow

FYE Feb 2026 -¥3.3bn

Average · 10 yrs -¥3.8bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Feb 2017	-1.2	n/a	Cons. · Japanese GAAP
FYE Feb 2018	-1.7	n/a	Cons. · Japanese GAAP
FYE Feb 2019	-4.7	n/a	Cons. · Japanese GAAP
FYE Feb 2020	-5.7	n/a	Cons. · Japanese GAAP
FYE Feb 2021	-2.7	n/a	Cons. · Japanese GAAP
FYE Feb 2022	-0.9	n/a	Cons. · Japanese GAAP
FYE Feb 2023	-5.2	n/a	Cons. · Japanese GAAP
FYE Feb 2024	-5.9	n/a	Cons. · Japanese GAAP
FYE Feb 2025	-6.5	n/a	Cons. · Japanese GAAP
FYE Feb 2026	-3.3	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 Feb 2026 -¥16bn

Average · 10 yrs ¥0.0bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Feb 2017	-0.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	3.9	n/a	Cons. · Japanese GAAP
FYE Feb 2019	9.3	+140.1%	Cons. · Japanese GAAP
FYE Feb 2020	0.4	−95.3%	Cons. · Japanese GAAP
FYE Feb 2021	-1.4	−433.9%	Cons. · Japanese GAAP
FYE Feb 2022	3.6	n/a	Cons. · Japanese GAAP
FYE Feb 2023	10.7	+200.2%	Cons. · Japanese GAAP
FYE Feb 2024	-0.8	−107.4%	Cons. · Japanese GAAP
FYE Feb 2025	-9.2	n/a	Cons. · Japanese GAAP
FYE Feb 2026	-15.5	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 Feb 2026 ¥74bn

CAGR · 10 yrs +31.4%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Feb 2017	6.4	n/a	Cons. · Japanese GAAP
FYE Feb 2018	8.7	+36.0%	Cons. · Japanese GAAP
FYE Feb 2019	11.5	+33.4%	Cons. · Japanese GAAP
FYE Feb 2020	12.8	+11.3%	Cons. · Japanese GAAP
FYE Feb 2021	16.8	+31.1%	Cons. · Japanese GAAP
FYE Feb 2022	23.6	+40.5%	Cons. · Japanese GAAP
FYE Feb 2023	28.3	+19.7%	Cons. · Japanese GAAP
FYE Feb 2024	38.0	+34.1%	Cons. · Japanese GAAP
FYE Feb 2025	61.3	+61.6%	Cons. · Japanese GAAP
FYE Feb 2026	74.3	+21.2%	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 Feb 2026 ¥28bn

CAGR · 10 yrs +30.9%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Feb 2017	2.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	-1.7	−170.5%	Cons. · Japanese GAAP
FYE Feb 2019	-6.2	n/a	Cons. · Japanese GAAP
FYE Feb 2020	1.0	n/a	Cons. · Japanese GAAP
FYE Feb 2021	5.5	+475.2%	Cons. · Japanese GAAP
FYE Feb 2022	2.1	−61.8%	Cons. · Japanese GAAP
FYE Feb 2023	-7.1	−436.7%	Cons. · Japanese GAAP
FYE Feb 2024	9.6	n/a	Cons. · Japanese GAAP
FYE Feb 2025	30.3	+214.8%	Cons. · Japanese GAAP
FYE Feb 2026	27.9	−8.1%	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 Feb 2026 24.2%

Average · 10 yrs 11.7%

Fiscal year	OCF margin %	YoY	Basis
FYE Feb 2017	14.8	n/a	Cons. · Japanese GAAP
FYE Feb 2018	-0.1	−14.9pp	Cons. · Japanese GAAP
FYE Feb 2019	-4.8	−4.7pp	Cons. · Japanese GAAP
FYE Feb 2020	17.9	+22.7pp	Cons. · Japanese GAAP
FYE Feb 2021	16.1	−1.9pp	Cons. · Japanese GAAP
FYE Feb 2022	4.5	−11.6pp	Cons. · Japanese GAAP
FYE Feb 2023	-2.0	−6.5pp	Cons. · Japanese GAAP
FYE Feb 2024	16.7	+18.7pp	Cons. · Japanese GAAP
FYE Feb 2025	29.6	+12.9pp	Cons. · Japanese GAAP
FYE Feb 2026	24.2	−5.4pp	Cons. · Japanese GAAP

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

Net cash

FYE Feb 2026 ¥51bn

CAGR · 10 yrs +40.5%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Feb 2017	2.4	n/a	Cons. · Japanese GAAP
FYE Feb 2018	1.6	−33.9%	Cons. · Japanese GAAP
FYE Feb 2019	-5.3	−438.1%	Cons. · Japanese GAAP
FYE Feb 2020	-4.8	n/a	Cons. · Japanese GAAP
FYE Feb 2021	0.1	n/a	Cons. · Japanese GAAP
FYE Feb 2022	2.7	+4530.0%	Cons. · Japanese GAAP
FYE Feb 2023	-4.5	−264.9%	Cons. · Japanese GAAP
FYE Feb 2024	3.4	n/a	Cons. · Japanese GAAP
FYE Feb 2025	29.7	+762.4%	Cons. · Japanese GAAP
FYE Feb 2026	50.6	+70.0%	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 Feb 2026 ¥586bn

Change · 10 yrs +¥541bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Feb 2017	45.2	n/a
FYE Feb 2018	43.7	n/a
FYE Feb 2019	28.7	n/a
FYE Feb 2020	58.6	n/a
FYE Feb 2021	129	n/a
FYE Feb 2022	189	n/a
FYE Feb 2023	188	n/a
FYE Feb 2024	370	n/a
FYE Feb 2025	289	n/a
FYE Feb 2026	586	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 Feb 2026 3,324¥

Change · 10 yrs +760¥

Fiscal year	Share price ¥	Basis
FYE Feb 2017	2,563	n/a
FYE Feb 2018	2,476	n/a
FYE Feb 2019	1,629	n/a
FYE Feb 2020	3,324	n/a
FYE Feb 2021	7,338	n/a
FYE Feb 2022	10,686	n/a
FYE Feb 2023	10,642	n/a
FYE Feb 2024	21,000	n/a
FYE Feb 2025	1,636	n/a
FYE Feb 2026	3,324	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 Feb 2026 176,400,000shares

Change · 10 yrs +158,760,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Feb 2017	17,640,000	Parent
FYE Feb 2018	17,640,000	Parent
FYE Feb 2019	17,640,000	Parent
FYE Feb 2020	17,640,000	Parent
FYE Feb 2021	17,640,000	Parent
FYE Feb 2022	17,640,000	Parent
FYE Feb 2023	17,640,000	Parent
FYE Feb 2024	17,640,000	Parent
FYE Feb 2025	176,400,000	Parent
FYE Feb 2026	176,400,000	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 Feb 2026 109.33¥

Change · 10 yrs −67.45¥

Fiscal year	EPS ¥	Basis
FYE Feb 2017	176.78	Cons.
FYE Feb 2018	158.73	Cons.
FYE Feb 2019	254.48	Cons.
FYE Feb 2020	316.57	Cons.
FYE Feb 2021	37.44	Cons.
FYE Feb 2022	74.21	Cons.
FYE Feb 2023	123.74	Cons.
FYE Feb 2024	111.11	Cons.
FYE Feb 2025	134.08	Cons.
FYE Feb 2026	109.33	Cons.

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

BPS book value per share

FYE Feb 2026 738.27¥

Change · 10 yrs −65.40¥

Fiscal year	BPS ¥	Basis
FYE Feb 2017	803.67	Cons. · Japanese GAAP
FYE Feb 2018	964.81	Cons. · Japanese GAAP
FYE Feb 2019	1,168.01	Cons. · Japanese GAAP
FYE Feb 2020	1,436.78	Cons. · Japanese GAAP
FYE Feb 2021	1,752.33	Cons. · Japanese GAAP
FYE Feb 2022	2,575.62	Cons. · Japanese GAAP
FYE Feb 2023	3,872.34	Cons. · Japanese GAAP
FYE Feb 2024	5,232.37	Cons. · Japanese GAAP
FYE Feb 2025	668.37	Cons. · Japanese GAAP
FYE Feb 2026	738.27	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Feb 2026 30.40×

Average · 10 yrs 15.11×

Fiscal year	PER ×	Basis
FYE Feb 2017	14.50	Cons.
FYE Feb 2018	15.60	Cons.
FYE Feb 2019	6.40	Cons.
FYE Feb 2020	10.50	Cons.
FYE Feb 2021	19.60	Cons.
FYE Feb 2022	14.40	Cons.
FYE Feb 2023	8.60	Cons.
FYE Feb 2024	18.90	Cons.
FYE Feb 2025	12.20	Cons.
FYE Feb 2026	30.40	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 Feb 2026 4.43×

Average · 10 yrs 3.11×

Fiscal year	PBR ×	Basis
FYE Feb 2017	3.12	Cons.
FYE Feb 2018	2.52	Cons.
FYE Feb 2019	1.37	Cons.
FYE Feb 2020	2.27	Cons.
FYE Feb 2021	4.11	Cons.
FYE Feb 2022	4.07	Cons.
FYE Feb 2023	2.70	Cons.
FYE Feb 2024	4.01	Cons.
FYE Feb 2025	2.45	Cons.
FYE Feb 2026	4.43	Cons.

Definition: The price measured against the book value behind it
Formula: Year-end price ÷ BPS
Source: Securities report (XBRL)

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

Group employees

FYE Feb 2026 4,435people

Change · 10 yrs +3,310 people

Fiscal year	Group employees people	YoY	Basis
FYE Feb 2017	1,125	n/a	Cons.
FYE Feb 2018	1,488	+32.3%	Cons.
FYE Feb 2019	1,988	+33.6%	Cons.
FYE Feb 2020	1,899	−4.5%	Cons.
FYE Feb 2021	2,473	+30.2%	Cons.
FYE Feb 2022	3,670	+48.4%	Cons.
FYE Feb 2023	4,372	+19.1%	Cons.
FYE Feb 2024	3,997	−8.6%	Cons.
FYE Feb 2025	4,402	+10.1%	Cons.
FYE Feb 2026	4,435	+0.7%	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 Feb 2026 259people

Change · 10 yrs +77 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Feb 2017	182	n/a	Parent
FYE Feb 2018	189	+3.8%	Parent
FYE Feb 2019	197	+4.2%	Parent
FYE Feb 2020	206	+4.6%	Parent
FYE Feb 2021	218	+5.8%	Parent
FYE Feb 2022	222	+1.8%	Parent
FYE Feb 2023	229	+3.2%	Parent
FYE Feb 2024	240	+4.8%	Parent
FYE Feb 2025	244	+1.7%	Parent
FYE Feb 2026	259	+6.1%	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 Feb 2026 1,039万円

Change · 7 yrs +99万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Feb 2017	n/a	n/a	Parent
FYE Feb 2018	n/a	n/a	Parent
FYE Feb 2019	n/a	n/a	Parent
FYE Feb 2020	940	n/a	Parent
FYE Feb 2021	849	−9.7%	Parent
FYE Feb 2022	1,123	+32.3%	Parent
FYE Feb 2023	1,024	−8.8%	Parent
FYE Feb 2024	984	−3.9%	Parent
FYE Feb 2025	1,019	+3.6%	Parent
FYE Feb 2026	1,039	+2.0%	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 Feb 2026 42.6years

Change · 7 yrs −1.3 years

Fiscal year	Average age years	YoY	Basis
FYE Feb 2017	n/a	n/a	Parent
FYE Feb 2018	n/a	n/a	Parent
FYE Feb 2019	n/a	n/a	Parent
FYE Feb 2020	43.9	n/a	Parent
FYE Feb 2021	43.6	−0.7%	Parent
FYE Feb 2022	43.8	+0.5%	Parent
FYE Feb 2023	43.5	−0.7%	Parent
FYE Feb 2024	43.7	+0.5%	Parent
FYE Feb 2025	43.8	+0.2%	Parent
FYE Feb 2026	42.6	−2.7%	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 Feb 2026 15.5years

Change · 7 yrs −0.8 years

Fiscal year	Average length of service years	YoY	Basis
FYE Feb 2017	n/a	n/a	Parent
FYE Feb 2018	n/a	n/a	Parent
FYE Feb 2019	n/a	n/a	Parent
FYE Feb 2020	16.3	n/a	Parent
FYE Feb 2021	16.3	−0.0%	Parent
FYE Feb 2022	16.1	−1.2%	Parent
FYE Feb 2023	16.0	−0.6%	Parent
FYE Feb 2024	16.1	+0.6%	Parent
FYE Feb 2025	16.1	−0.0%	Parent
FYE Feb 2026	15.5	−3.7%	Parent

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

Temporary employees

FYE Feb 2026 116people

Change · 10 yrs +62 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Feb 2017	54	n/a	n/a
FYE Feb 2018	69	+27.8%	n/a
FYE Feb 2019	75	+8.7%	n/a
FYE Feb 2020	77	+2.7%	n/a
FYE Feb 2021	99	+28.6%	n/a
FYE Feb 2022	88	−11.1%	n/a
FYE Feb 2023	82	−6.8%	n/a
FYE Feb 2024	95	+15.9%	n/a
FYE Feb 2025	106	+11.6%	n/a
FYE Feb 2026	116	+9.4%	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 Feb 2026 ¥29.0m

Change · 10 yrs +¥7.1m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Feb 2017	22.0	n/a	Cons.
FYE Feb 2018	35.1	+59.7%	Cons.
FYE Feb 2019	15.8	−55.1%	Cons.
FYE Feb 2020	19.5	+23.8%	Cons.
FYE Feb 2021	20.5	+5.1%	Cons.
FYE Feb 2022	18.3	−11.1%	Cons.
FYE Feb 2023	21.6	+18.4%	Cons.
FYE Feb 2024	23.3	+7.9%	Cons.
FYE Feb 2025	28.3	+21.1%	Cons.
FYE Feb 2026	29.0	+2.8%	Cons.

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

Operating profit per employee

FYE Feb 2026 ¥7.0m

Change · 10 yrs +¥3.0m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Feb 2017	4.1	n/a	Cons.
FYE Feb 2018	2.8	−29.9%	Cons.
FYE Feb 2019	2.9	+2.7%	Cons.
FYE Feb 2020	4.1	+39.5%	Cons.
FYE Feb 2021	3.8	−7.6%	Cons.
FYE Feb 2022	4.3	+14.4%	Cons.
FYE Feb 2023	6.0	+40.3%	Cons.
FYE Feb 2024	6.0	−0.1%	Cons.
FYE Feb 2025	7.3	+20.5%	Cons.
FYE Feb 2026	7.0	−3.4%	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

Rorze’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/6323/company.json ·/api/6323/history.json ·/api/6323/ceo.json ·/api/6323/financials.json ·/api/6323/financials/segment.json ·/api/6323/financials/pl.json ·/api/6323/financials/cf.json ·/api/6323/financials/bs.json ·/api/6323/financials/employee.json ·/api/6323/financials/stock.json ·/api/6323/financials.csv ·/api/6323/financials_history.csv

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