Financials

Daikin: FYE Mar 2026 and ten years of results (52 metrics)

FYE Mar 2026 · Revenue¥5.02tnYoY +5.5%

FYE Mar 2026 · Operating profit¥415bnYoY +3.3%

FYE Mar 2026 · Net profit¥275bnYoY +4.0%

FYE Mar 2026 · Equity ratio56.0%YoY +1.4pp

FYE Mar 2026 · Group employees104,095YoY +551

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥2.04tn	n/a	¥231bn	n/a	11.3%	¥154bn	Togawa Masanori	—
FYE Mar 2018Consolidated	¥2.29tn	+12.1%	¥254bn	+10.0%	11.1%	¥189bn	Togawa Masanori	—
FYE Mar 2019Consolidated	¥2.48tn	+8.3%	¥276bn	+8.9%	11.1%	¥189bn	Togawa Masanori	—
FYE Mar 2020Consolidated	¥2.55tn	+2.8%	¥266bn	−3.9%	10.4%	¥171bn	Togawa Masanori	AHT Cooling Systems of Europe acquired
FYE Mar 2021Consolidated	¥2.49tn	−2.2%	¥239bn	−10.1%	9.6%	¥156bn	Togawa Masanori	Strategic pricing policy put into effect
FYE Mar 2022Consolidated	¥3.11tn	+24.7%	¥316bn	+32.6%	10.2%	¥218bn	Togawa Masanori	—
FYE Mar 2023Consolidated	¥3.98tn	+28.1%	¥377bn	+19.2%	9.5%	¥258bn	Togawa Masanori	—
FYE Mar 2024Consolidated	¥4.40tn	+10.4%	¥392bn	+4.0%	8.9%	¥260bn	Togawa Masanori	—
FYE Mar 2025Consolidated	¥4.75tn	+8.1%	¥402bn	+2.4%	8.5%	¥265bn	Togawa Masanori	—
FYE Mar 2026Consolidated	¥5.02tn	+5.5%	¥415bn	+3.3%	8.3%	¥275bn	Takenaka Naofumi	—

How it compares

Daikin¥5.02tnFY2025Operating margin 8.3%

Hoshizaki¥486bnFY2025Operating margin 10.7%Rinnai¥470bnFY2025Operating margin 10.7%Miura¥269bnFY2025Operating margin 11.5%Zojirushi¥91bnFY2025Operating margin 8.2%

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 ¥5.02tn

CAGR · 10 yrs +10.5%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	2,044	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,291	+12.1%	Cons. · Japanese GAAP
FYE Mar 2019	2,481	+8.3%	Cons. · Japanese GAAP
FYE Mar 2020	2,550	+2.8%	Cons. · Japanese GAAP
FYE Mar 2021	2,493	−2.2%	Cons. · Japanese GAAP
FYE Mar 2022	3,109	+24.7%	Cons. · Japanese GAAP
FYE Mar 2023	3,982	+28.1%	Cons. · Japanese GAAP
FYE Mar 2024	4,395	+10.4%	Cons. · Japanese GAAP
FYE Mar 2025	4,752	+8.1%	Cons. · Japanese GAAP
FYE Mar 2026	5,015	+5.5%	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 Mar 2026 ¥3.28tn

CAGR · 10 yrs +10.7%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	1,313	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,492	+13.6%	Cons. · Japanese GAAP
FYE Mar 2019	1,612	+8.1%	Cons. · Japanese GAAP
FYE Mar 2020	1,665	+3.3%	Cons. · Japanese GAAP
FYE Mar 2021	1,629	−2.2%	Cons. · Japanese GAAP
FYE Mar 2022	2,052	+25.9%	Cons. · Japanese GAAP
FYE Mar 2023	2,650	+29.2%	Cons. · Japanese GAAP
FYE Mar 2024	2,886	+8.9%	Cons. · Japanese GAAP
FYE Mar 2025	3,126	+8.3%	Cons. · Japanese GAAP
FYE Mar 2026	3,283	+5.0%	Cons. · Japanese GAAP

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

Gross profit

FYE Mar 2026 ¥1.73tn

CAGR · 10 yrs +10.1%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	731	n/a	Cons. · Japanese GAAP
FYE Mar 2018	799	+9.3%	Cons. · Japanese GAAP
FYE Mar 2019	869	+8.8%	Cons. · Japanese GAAP
FYE Mar 2020	885	+1.8%	Cons. · Japanese GAAP
FYE Mar 2021	864	−2.3%	Cons. · Japanese GAAP
FYE Mar 2022	1,057	+22.4%	Cons. · Japanese GAAP
FYE Mar 2023	1,331	+25.9%	Cons. · Japanese GAAP
FYE Mar 2024	1,510	+13.4%	Cons. · Japanese GAAP
FYE Mar 2025	1,627	+7.8%	Cons. · Japanese GAAP
FYE Mar 2026	1,733	+6.5%	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 Mar 2026 ¥1.32tn

CAGR · 10 yrs +11.4%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	500	n/a	Cons. · Japanese GAAP
FYE Mar 2018	545	+9.0%	Cons. · Japanese GAAP
FYE Mar 2019	593	+8.7%	Cons. · Japanese GAAP
FYE Mar 2020	619	+4.5%	Cons. · Japanese GAAP
FYE Mar 2021	626	+1.0%	Cons. · Japanese GAAP
FYE Mar 2022	741	+18.5%	Cons. · Japanese GAAP
FYE Mar 2023	954	+28.8%	Cons. · Japanese GAAP
FYE Mar 2024	1,118	+17.1%	Cons. · Japanese GAAP
FYE Mar 2025	1,225	+9.6%	Cons. · Japanese GAAP
FYE Mar 2026	1,318	+7.6%	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 ¥415bn

CAGR · 10 yrs +6.7%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	231	n/a	Cons. · Japanese GAAP
FYE Mar 2018	254	+10.0%	Cons. · Japanese GAAP
FYE Mar 2019	276	+8.9%	Cons. · Japanese GAAP
FYE Mar 2020	266	−3.9%	Cons. · Japanese GAAP
FYE Mar 2021	239	−10.1%	Cons. · Japanese GAAP
FYE Mar 2022	316	+32.6%	Cons. · Japanese GAAP
FYE Mar 2023	377	+19.2%	Cons. · Japanese GAAP
FYE Mar 2024	392	+4.0%	Cons. · Japanese GAAP
FYE Mar 2025	402	+2.4%	Cons. · Japanese GAAP
FYE Mar 2026	415	+3.3%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥47bn

CAGR · 10 yrs +13.7%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	14.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.2	+23.5%	Cons. · Japanese GAAP
FYE Mar 2019	21.2	+16.7%	Cons. · Japanese GAAP
FYE Mar 2020	19.7	−7.2%	Cons. · Japanese GAAP
FYE Mar 2021	15.1	−23.6%	Cons. · Japanese GAAP
FYE Mar 2022	23.4	+55.1%	Cons. · Japanese GAAP
FYE Mar 2023	29.1	+24.4%	Cons. · Japanese GAAP
FYE Mar 2024	30.0	+3.1%	Cons. · Japanese GAAP
FYE Mar 2025	34.0	+13.5%	Cons. · Japanese GAAP
FYE Mar 2026	46.8	+37.7%	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 ¥54bn

CAGR · 10 yrs +15.6%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	14.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.9	+16.7%	Cons. · Japanese GAAP
FYE Mar 2019	20.4	+20.7%	Cons. · Japanese GAAP
FYE Mar 2020	16.2	−20.7%	Cons. · Japanese GAAP
FYE Mar 2021	13.4	−17.1%	Cons. · Japanese GAAP
FYE Mar 2022	12.2	−9.1%	Cons. · Japanese GAAP
FYE Mar 2023	39.8	+226.2%	Cons. · Japanese GAAP
FYE Mar 2024	67.6	+69.6%	Cons. · Japanese GAAP
FYE Mar 2025	69.2	+2.4%	Cons. · Japanese GAAP
FYE Mar 2026	53.6	−22.5%	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 ¥408bn

CAGR · 10 yrs +6.5%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	231	n/a	Cons. · Japanese GAAP
FYE Mar 2018	255	+10.4%	Cons. · Japanese GAAP
FYE Mar 2019	277	+8.6%	Cons. · Japanese GAAP
FYE Mar 2020	269	−2.9%	Cons. · Japanese GAAP
FYE Mar 2021	240	−10.7%	Cons. · Japanese GAAP
FYE Mar 2022	327	+36.3%	Cons. · Japanese GAAP
FYE Mar 2023	366	+11.8%	Cons. · Japanese GAAP
FYE Mar 2024	354	−3.2%	Cons. · Japanese GAAP
FYE Mar 2025	366	+3.4%	Cons. · Japanese GAAP
FYE Mar 2026	408	+11.4%	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 ¥16bn

CAGR · 10 yrs +45.8%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.3	−51.8%	Cons. · Japanese GAAP
FYE Mar 2019	0.0	−84.3%	Cons. · Japanese GAAP
FYE Mar 2020	11.7	+29270.0%	Cons. · Japanese GAAP
FYE Mar 2021	0.3	−97.2%	Cons. · Japanese GAAP
FYE Mar 2022	6.3	+1788.0%	Cons. · Japanese GAAP
FYE Mar 2023	17.5	+177.5%	Cons. · Japanese GAAP
FYE Mar 2024	46.3	+164.6%	Cons. · Japanese GAAP
FYE Mar 2025	16.4	−64.5%	Cons. · Japanese GAAP
FYE Mar 2026	15.7	−4.4%	Cons. · Japanese GAAP

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

Extraordinary loss

FYE Mar 2026 n/a

CAGR · 4 yrs +93.7%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Mar 2017	0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.4	+266.3%	Cons. · Japanese GAAP
FYE Mar 2019	1.8	−47.2%	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	6.8	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

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

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥275bn

CAGR · 10 yrs +6.7%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	154	n/a	Cons. · Japanese GAAP
FYE Mar 2018	189	+22.8%	Cons. · Japanese GAAP
FYE Mar 2019	189	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	171	−9.7%	Cons. · Japanese GAAP
FYE Mar 2021	156	−8.5%	Cons. · Japanese GAAP
FYE Mar 2022	218	+39.3%	Cons. · Japanese GAAP
FYE Mar 2023	258	+18.4%	Cons. · Japanese GAAP
FYE Mar 2024	260	+1.0%	Cons. · Japanese GAAP
FYE Mar 2025	265	+1.7%	Cons. · Japanese GAAP
FYE Mar 2026	275	+4.0%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 34.5%

Average · 10 yrs 34.6%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	35.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	34.9	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	35.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	34.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	34.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	34.0	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	33.4	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	34.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	34.2	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	34.5	+0.3pp	Cons. · Japanese GAAP

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Mar 2026 8.3%

Average · 10 yrs 9.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	11.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	11.1	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	10.4	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	9.6	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	10.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	9.5	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	8.9	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	8.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	8.3	−0.2pp	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 8.1%

Average · 10 yrs 9.7%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	11.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	11.2	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	10.5	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	9.6	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	10.5	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	9.2	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2024	8.1	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	7.7	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	8.1	+0.4pp	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 5.5%

Average · 10 yrs 6.7%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	7.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.3	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	7.6	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	6.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	6.3	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	7.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	6.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	5.9	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	5.6	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	5.5	−0.1pp	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 65.5%

Average · 10 yrs 65.4%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	64.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	65.1	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	65.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	65.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	65.3	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	66.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	66.6	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	65.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	65.8	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	65.5	−0.3pp	Cons. · Japanese GAAP

Definition: The share of revenue taken by the cost of sales
Formula: Cost of sales ÷ revenue
Source: Securities report (XBRL)

SG&A ratio

FYE Mar 2026 26.3%

Average · 10 yrs 24.7%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	24.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.8	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	23.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	24.3	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	25.1	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	23.8	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2023	24.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	25.4	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2025	25.8	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	26.3	+0.5pp	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 Mar 2026 ¥5.81tn

CAGR · 10 yrs +10.5%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	2,356	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,476	+5.1%	Cons. · Japanese GAAP
FYE Mar 2019	2,701	+9.1%	Cons. · Japanese GAAP
FYE Mar 2020	2,668	−1.2%	Cons. · Japanese GAAP
FYE Mar 2021	3,239	+21.4%	Cons. · Japanese GAAP
FYE Mar 2022	3,823	+18.0%	Cons. · Japanese GAAP
FYE Mar 2023	4,304	+12.6%	Cons. · Japanese GAAP
FYE Mar 2024	4,880	+13.4%	Cons. · Japanese GAAP
FYE Mar 2025	5,133	+5.2%	Cons. · Japanese GAAP
FYE Mar 2026	5,809	+13.2%	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 ¥3.25tn

CAGR · 10 yrs +12.7%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	1,113	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,298	+16.7%	Cons. · Japanese GAAP
FYE Mar 2019	1,418	+9.2%	Cons. · Japanese GAAP
FYE Mar 2020	1,437	+1.3%	Cons. · Japanese GAAP
FYE Mar 2021	1,667	+16.0%	Cons. · Japanese GAAP
FYE Mar 2022	1,971	+18.3%	Cons. · Japanese GAAP
FYE Mar 2023	2,238	+13.5%	Cons. · Japanese GAAP
FYE Mar 2024	2,641	+18.0%	Cons. · Japanese GAAP
FYE Mar 2025	2,805	+6.2%	Cons. · Japanese GAAP
FYE Mar 2026	3,255	+16.0%	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 ¥535bn

CAGR · 10 yrs +3.0%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	411	n/a	Cons. · Japanese GAAP
FYE Mar 2018	357	−13.2%	Cons. · Japanese GAAP
FYE Mar 2019	412	+15.6%	Cons. · Japanese GAAP
FYE Mar 2020	282	−31.5%	Cons. · Japanese GAAP
FYE Mar 2021	460	+62.9%	Cons. · Japanese GAAP
FYE Mar 2022	238	−48.2%	Cons. · Japanese GAAP
FYE Mar 2023	468	+96.6%	Cons. · Japanese GAAP
FYE Mar 2024	558	+19.3%	Cons. · Japanese GAAP
FYE Mar 2025	535	−4.2%	Cons. · Japanese GAAP
FYE Mar 2026	535	+0.2%	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 ¥286bn

CAGR · 10 yrs +19.5%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	57.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	45.5	−21.1%	Cons. · Japanese GAAP
FYE Mar 2019	136	+198.8%	Cons. · Japanese GAAP
FYE Mar 2020	48.9	−64.0%	Cons. · Japanese GAAP
FYE Mar 2021	40.8	−16.7%	Cons. · Japanese GAAP
FYE Mar 2022	97.4	+138.9%	Cons. · Japanese GAAP
FYE Mar 2023	294	+201.5%	Cons. · Japanese GAAP
FYE Mar 2024	363	+23.7%	Cons. · Japanese GAAP
FYE Mar 2025	295	−18.9%	Cons. · Japanese GAAP
FYE Mar 2026	286	−2.9%	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 Mar 2026 ¥249bn

CAGR · 10 yrs −5.6%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	420	n/a	Cons. · Japanese GAAP
FYE Mar 2018	388	−7.7%	Cons. · Japanese GAAP
FYE Mar 2019	318	−18.0%	Cons. · Japanese GAAP
FYE Mar 2020	339	+6.5%	Cons. · Japanese GAAP
FYE Mar 2021	485	+43.1%	Cons. · Japanese GAAP
FYE Mar 2022	475	−2.1%	Cons. · Japanese GAAP
FYE Mar 2023	228	−52.0%	Cons. · Japanese GAAP
FYE Mar 2024	258	+13.3%	Cons. · Japanese GAAP
FYE Mar 2025	298	+15.4%	Cons. · Japanese GAAP
FYE Mar 2026	249	−16.3%	Cons. · Japanese GAAP

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

Bonds

FYE Mar 2026 n/a

CAGR · 9 yrs +5.9%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	120	n/a	Cons. · Japanese GAAP
FYE Mar 2018	110	−8.3%	Cons. · Japanese GAAP
FYE Mar 2019	110	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	90.0	−18.2%	Cons. · Japanese GAAP
FYE Mar 2021	140	+55.6%	Cons. · Japanese GAAP
FYE Mar 2022	150	+7.1%	Cons. · Japanese GAAP
FYE Mar 2023	160	+6.7%	Cons. · Japanese GAAP
FYE Mar 2024	140	−12.5%	Cons. · Japanese GAAP
FYE Mar 2025	190	+35.7%	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

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

Intangible assets

FYE Mar 2026 ¥670bn

CAGR · 10 yrs +2.5%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	537	n/a	Cons. · Japanese GAAP
FYE Mar 2018	516	−3.9%	Cons. · Japanese GAAP
FYE Mar 2019	618	+19.8%	Cons. · Japanese GAAP
FYE Mar 2020	543	−12.2%	Cons. · Japanese GAAP
FYE Mar 2021	543	−0.0%	Cons. · Japanese GAAP
FYE Mar 2022	577	+6.3%	Cons. · Japanese GAAP
FYE Mar 2023	658	+14.1%	Cons. · Japanese GAAP
FYE Mar 2024	684	+3.8%	Cons. · Japanese GAAP
FYE Mar 2025	638	−6.7%	Cons. · Japanese GAAP
FYE Mar 2026	670	+5.0%	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 ¥275bn

CAGR · 10 yrs −2.0%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	331	n/a	Cons. · Japanese GAAP
FYE Mar 2018	309	−6.5%	Cons. · Japanese GAAP
FYE Mar 2019	322	+4.2%	Cons. · Japanese GAAP
FYE Mar 2020	282	−12.5%	Cons. · Japanese GAAP
FYE Mar 2021	269	−4.7%	Cons. · Japanese GAAP
FYE Mar 2022	270	+0.7%	Cons. · Japanese GAAP
FYE Mar 2023	304	+12.5%	Cons. · Japanese GAAP
FYE Mar 2024	307	+0.8%	Cons. · Japanese GAAP
FYE Mar 2025	266	−13.1%	Cons. · Japanese GAAP
FYE Mar 2026	275	+3.2%	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 56.0%

Average · 10 yrs 52.6%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	47.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	52.4	+5.2pp	Cons. · Japanese GAAP
FYE Mar 2019	52.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	53.9	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	51.5	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2022	51.6	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	52.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	54.1	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2025	54.7	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	56.0	+1.4pp	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 16.5%

Average · 10 yrs 23.0%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	36.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.5	−9.5pp	Cons. · Japanese GAAP
FYE Mar 2019	29.1	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	19.6	−9.4pp	Cons. · Japanese GAAP
FYE Mar 2021	27.6	+7.9pp	Cons. · Japanese GAAP
FYE Mar 2022	12.1	−15.5pp	Cons. · Japanese GAAP
FYE Mar 2023	20.9	+8.8pp	Cons. · Japanese GAAP
FYE Mar 2024	21.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	19.1	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2026	16.5	−2.6pp	Cons. · Japanese GAAP

Definition: Borrowings measured against the company's own capital
Formula: Interest-bearing debt ÷ equity
Source: Securities report (XBRL)

ROE return on equity

FYE Mar 2026 8.5%

Average · 10 yrs 11.3%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	13.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.6	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	13.3	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	11.9	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2021	9.4	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2022	11.0	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2023	11.5	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	9.9	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	9.4	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	8.5	−1.0pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 4.7%

Average · 10 yrs 5.9%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.6	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	7.0	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	6.4	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	4.8	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2022	5.7	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	6.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	5.3	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	5.2	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	4.7	−0.4pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.86×

CAGR · 10 yrs −0.1%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.87	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.93	+6.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.92	−0.7%	Cons. · Japanese GAAP
FYE Mar 2020	0.96	+4.1%	Cons. · Japanese GAAP
FYE Mar 2021	0.77	−19.5%	Cons. · Japanese GAAP
FYE Mar 2022	0.81	+5.6%	Cons. · Japanese GAAP
FYE Mar 2023	0.93	+13.8%	Cons. · Japanese GAAP
FYE Mar 2024	0.90	−2.7%	Cons. · Japanese GAAP
FYE Mar 2025	0.93	+2.8%	Cons. · Japanese GAAP
FYE Mar 2026	0.86	−6.7%	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 ¥466bn

CAGR · 10 yrs +6.4%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	268	n/a	Cons. · Japanese GAAP
FYE Mar 2018	224	−16.4%	Cons. · Japanese GAAP
FYE Mar 2019	250	+11.7%	Cons. · Japanese GAAP
FYE Mar 2020	302	+20.9%	Cons. · Japanese GAAP
FYE Mar 2021	375	+24.0%	Cons. · Japanese GAAP
FYE Mar 2022	245	−34.6%	Cons. · Japanese GAAP
FYE Mar 2023	159	−35.2%	Cons. · Japanese GAAP
FYE Mar 2024	400	+151.5%	Cons. · Japanese GAAP
FYE Mar 2025	514	+28.8%	Cons. · Japanese GAAP
FYE Mar 2026	466	−9.4%	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 -¥322bn

Average · 10 yrs -¥204bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-129	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-127	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-166	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-156	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-160	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-181	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-230	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-227	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-337	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-322	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 -¥156bn

Average · 10 yrs -¥91bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-73.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-94.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-68.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-170	n/a	Cons. · Japanese GAAP
FYE Mar 2021	98.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-48.7	−149.2%	Cons. · Japanese GAAP
FYE Mar 2023	-113	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-130	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-153	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-156	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 ¥707bn

CAGR · 10 yrs +8.3%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	344	n/a	Cons. · Japanese GAAP
FYE Mar 2018	357	+3.8%	Cons. · Japanese GAAP
FYE Mar 2019	367	+2.8%	Cons. · Japanese GAAP
FYE Mar 2020	321	−12.5%	Cons. · Japanese GAAP
FYE Mar 2021	662	+106.2%	Cons. · Japanese GAAP
FYE Mar 2022	718	+8.4%	Cons. · Japanese GAAP
FYE Mar 2023	548	−23.6%	Cons. · Japanese GAAP
FYE Mar 2024	634	+15.6%	Cons. · Japanese GAAP
FYE Mar 2025	658	+3.8%	Cons. · Japanese GAAP
FYE Mar 2026	707	+7.4%	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 ¥144bn

CAGR · 10 yrs +0.4%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	139	n/a	Cons. · Japanese GAAP
FYE Mar 2018	96.3	−30.7%	Cons. · Japanese GAAP
FYE Mar 2019	84.2	−12.5%	Cons. · Japanese GAAP
FYE Mar 2020	146	+73.3%	Cons. · Japanese GAAP
FYE Mar 2021	215	+47.3%	Cons. · Japanese GAAP
FYE Mar 2022	64.3	−70.1%	Cons. · Japanese GAAP
FYE Mar 2023	-70.9	−210.3%	Cons. · Japanese GAAP
FYE Mar 2024	172	n/a	Cons. · Japanese GAAP
FYE Mar 2025	177	+2.7%	Cons. · Japanese GAAP
FYE Mar 2026	144	−18.9%	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 9.3%

Average · 10 yrs 10.1%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	13.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.8	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2019	10.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	11.8	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	15.0	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2022	7.9	−7.1pp	Cons. · Japanese GAAP
FYE Mar 2023	4.0	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2024	9.1	+5.1pp	Cons. · Japanese GAAP
FYE Mar 2025	10.8	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2026	9.3	−1.5pp	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 ¥171bn

Average · 10 yrs ¥106bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-66.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-44.9	−10159.4%	Cons. · Japanese GAAP
FYE Mar 2020	39.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	203	+419.4%	Cons. · Japanese GAAP
FYE Mar 2022	480	+136.7%	Cons. · Japanese GAAP
FYE Mar 2023	80.6	−83.2%	Cons. · Japanese GAAP
FYE Mar 2024	75.9	−5.8%	Cons. · Japanese GAAP
FYE Mar 2025	124	+62.8%	Cons. · Japanese GAAP
FYE Mar 2026	171	+38.4%	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 ¥5.48tn

Change · 10 yrs +¥2.21tn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	3,274	n/a
FYE Mar 2018	3,449	n/a
FYE Mar 2019	3,808	n/a
FYE Mar 2020	3,866	n/a
FYE Mar 2021	6,542	n/a
FYE Mar 2022	6,563	n/a
FYE Mar 2023	6,943	n/a
FYE Mar 2024	6,047	n/a
FYE Mar 2025	4,718	n/a
FYE Mar 2026	5,483	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 18,704¥

Change · 10 yrs +7,536¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	11,168	n/a
FYE Mar 2018	11,767	n/a
FYE Mar 2019	12,992	n/a
FYE Mar 2020	13,190	n/a
FYE Mar 2021	22,320	n/a
FYE Mar 2022	22,391	n/a
FYE Mar 2023	23,688	n/a
FYE Mar 2024	20,630	n/a
FYE Mar 2025	16,096	n/a
FYE Mar 2026	18,704	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 293,113,000shares

Change · 10 yrs −0 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	293,113,000	Parent
FYE Mar 2018	293,113,000	Parent
FYE Mar 2019	293,113,000	Parent
FYE Mar 2020	293,113,000	Parent
FYE Mar 2021	293,113,000	Parent
FYE Mar 2022	293,113,000	Parent
FYE Mar 2023	293,113,000	Parent
FYE Mar 2024	293,113,000	Parent
FYE Mar 2025	293,113,000	Parent
FYE Mar 2026	293,113,000	Parent

Definition: How many shares exist
Formula: Shares issued, from the key figures of the filing
Source: Securities report (XBRL)

EPS earnings per share

FYE Mar 2026 939.92¥

Change · 10 yrs +413.11¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	526.81	Cons.
FYE Mar 2018	646.53	Cons.
FYE Mar 2019	646.39	Cons.
FYE Mar 2020	583.61	Cons.
FYE Mar 2021	533.97	Cons.
FYE Mar 2022	743.88	Cons.
FYE Mar 2023	880.59	Cons.
FYE Mar 2024	889.22	Cons.
FYE Mar 2025	904.27	Cons.
FYE Mar 2026	939.92	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 11,103.75¥

Change · 10 yrs +7,307.55¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	3,796.20	Cons. · Japanese GAAP
FYE Mar 2018	4,428.54	Cons. · Japanese GAAP
FYE Mar 2019	4,837.03	Cons. · Japanese GAAP
FYE Mar 2020	4,902.05	Cons. · Japanese GAAP
FYE Mar 2021	5,686.36	Cons. · Japanese GAAP
FYE Mar 2022	6,725.30	Cons. · Japanese GAAP
FYE Mar 2023	7,635.79	Cons. · Japanese GAAP
FYE Mar 2024	9,011.23	Cons. · Japanese GAAP
FYE Mar 2025	9,571.37	Cons. · Japanese GAAP
FYE Mar 2026	11,103.75	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 19.90×

Average · 10 yrs 24.18×

Fiscal year	PER ×	Basis
FYE Mar 2017	21.20	Cons.
FYE Mar 2018	18.20	Cons.
FYE Mar 2019	20.10	Cons.
FYE Mar 2020	22.60	Cons.
FYE Mar 2021	41.80	Cons.
FYE Mar 2022	30.10	Cons.
FYE Mar 2023	26.90	Cons.
FYE Mar 2024	23.20	Cons.
FYE Mar 2025	17.80	Cons.
FYE Mar 2026	19.90	Cons.

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

PBR price-to-book ratio

FYE Mar 2026 1.69×

Average · 10 yrs 2.70×

Fiscal year	PBR ×	Basis
FYE Mar 2017	2.94	Cons.
FYE Mar 2018	2.65	Cons.
FYE Mar 2019	2.68	Cons.
FYE Mar 2020	2.69	Cons.
FYE Mar 2021	3.92	Cons.
FYE Mar 2022	3.33	Cons.
FYE Mar 2023	3.10	Cons.
FYE Mar 2024	2.29	Cons.
FYE Mar 2025	1.68	Cons.
FYE Mar 2026	1.69	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 104,095people

Change · 10 yrs +37,059 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	67,036	n/a	Cons.
FYE Mar 2018	70,263	+4.8%	Cons.
FYE Mar 2019	76,484	+8.9%	Cons.
FYE Mar 2020	80,369	+5.1%	Cons.
FYE Mar 2021	84,870	+5.6%	Cons.
FYE Mar 2022	88,698	+4.5%	Cons.
FYE Mar 2023	96,337	+8.6%	Cons.
FYE Mar 2024	98,162	+1.9%	Cons.
FYE Mar 2025	103,544	+5.5%	Cons.
FYE Mar 2026	104,095	+0.5%	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 8,212people

Change · 10 yrs +1,321 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	6,891	n/a	Parent
FYE Mar 2018	7,036	+2.1%	Parent
FYE Mar 2019	7,254	+3.1%	Parent
FYE Mar 2020	7,499	+3.4%	Parent
FYE Mar 2021	7,732	+3.1%	Parent
FYE Mar 2022	7,652	−1.0%	Parent
FYE Mar 2023	7,618	−0.4%	Parent
FYE Mar 2024	7,654	+0.5%	Parent
FYE Mar 2025	7,866	+2.8%	Parent
FYE Mar 2026	8,212	+4.4%	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 ¥9.0m

Change · 10 yrs +¥1.7m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	7.3	n/a	Parent
FYE Mar 2018	7.4	+1.5%	Parent
FYE Mar 2019	7.4	+0.2%	Parent
FYE Mar 2020	7.4	+0.2%	Parent
FYE Mar 2021	7.3	−2.0%	Parent
FYE Mar 2022	7.3	+0.2%	Parent
FYE Mar 2023	7.5	+2.5%	Parent
FYE Mar 2024	7.7	+3.2%	Parent
FYE Mar 2025	8.5	+10.7%	Parent
FYE Mar 2026	9.0	+4.9%	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 41.2years

Change · 8 yrs +2.2 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	39.0	n/a	Parent
FYE Mar 2020	39.0	−0.0%	Parent
FYE Mar 2021	39.0	−0.0%	Parent
FYE Mar 2022	38.0	−2.6%	Parent
FYE Mar 2023	38.0	−0.0%	Parent
FYE Mar 2024	38.0	−0.0%	Parent
FYE Mar 2025	41.0	+7.9%	Parent
FYE Mar 2026	41.2	+0.5%	Parent

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

Average length of service

FYE Mar 2026 16.6years

Change · 10 yrs +0.6 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	16.0	n/a	Parent
FYE Mar 2018	16.0	−0.0%	Parent
FYE Mar 2019	15.0	−6.2%	Parent
FYE Mar 2020	15.0	−0.0%	Parent
FYE Mar 2021	14.0	−6.7%	Parent
FYE Mar 2022	14.0	−0.0%	Parent
FYE Mar 2023	14.0	−0.0%	Parent
FYE Mar 2024	14.0	−0.0%	Parent
FYE Mar 2025	16.5	+17.9%	Parent
FYE Mar 2026	16.6	+0.6%	Parent

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

Temporary employees

FYE Mar 2026 12,345people

Change · 10 yrs +3,838 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	8,507	n/a	n/a
FYE Mar 2018	8,574	+0.8%	n/a
FYE Mar 2019	9,988	+16.5%	n/a
FYE Mar 2020	9,588	−4.0%	n/a
FYE Mar 2021	8,232	−14.1%	n/a
FYE Mar 2022	8,778	+6.6%	n/a
FYE Mar 2023	10,790	+22.9%	n/a
FYE Mar 2024	11,128	+3.1%	n/a
FYE Mar 2025	12,120	+8.9%	n/a
FYE Mar 2026	12,345	+1.9%	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 ¥48.2m

Change · 10 yrs +¥17.7m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	30.5	n/a	Cons.
FYE Mar 2018	32.6	+6.9%	Cons.
FYE Mar 2019	32.4	−0.5%	Cons.
FYE Mar 2020	31.7	−2.2%	Cons.
FYE Mar 2021	29.4	−7.4%	Cons.
FYE Mar 2022	35.1	+19.3%	Cons.
FYE Mar 2023	41.3	+17.9%	Cons.
FYE Mar 2024	44.8	+8.3%	Cons.
FYE Mar 2025	45.9	+2.5%	Cons.
FYE Mar 2026	48.2	+5.0%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥4.0m

Change · 10 yrs +¥0.5m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	3.4	n/a	Cons.
FYE Mar 2018	3.6	+4.9%	Cons.
FYE Mar 2019	3.6	−0.0%	Cons.
FYE Mar 2020	3.3	−8.5%	Cons.
FYE Mar 2021	2.8	−14.9%	Cons.
FYE Mar 2022	3.6	+26.9%	Cons.
FYE Mar 2023	3.9	+9.7%	Cons.
FYE Mar 2024	4.0	+2.1%	Cons.
FYE Mar 2025	3.9	−2.9%	Cons.
FYE Mar 2026	4.0	+2.8%	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.

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Data API

Daikin’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/6367/company.json ·/api/6367/history.json ·/api/6367/ceo.json ·/api/6367/financials.json ·/api/6367/financials/segment.json ·/api/6367/financials/pl.json ·/api/6367/financials/cf.json ·/api/6367/financials/bs.json ·/api/6367/financials/employee.json ·/api/6367/financials/stock.json ·/api/6367/financials.csv ·/api/6367/financials_history.csv

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