Financials

Kurita Water Industries: FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥403bnYoY −1.5%

FYE Mar 2026 · Operating profit¥58bnYoY +86.4%

FYE Mar 2026 · Net profit¥16bnYoY −21.4%

FYE Mar 2026 · Equity ratio59.9%YoY −0.8pp

FYE Mar 2026 · Group employees8,268YoY +117

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥214bn	n/a	¥19bn	n/a	9.1%	¥15bn	Nakai Toshiyuki	—
FYE Mar 2018Consolidated	¥237bn	+10.6%	¥22bn	+15.5%	9.5%	¥18bn	Kadota Michiya	Fremont Industries of the United States acquired
FYE Mar 2019Consolidated	¥259bn	+9.5%	¥20bn	−11.6%	7.7%	¥17bn	Kadota Michiya	Investment in Fracta, Inc., maker of water-pipe deterioration software
FYE Mar 2020Consolidated	¥265bn	+2.1%	¥27bn	+38.4%	10.4%	¥15bn	Kadota Michiya	U.S. Water Services, Inc. and three other companies acquired
FYE Mar 2021Consolidated	¥268bn	+1.1%	¥32bn	+14.7%	11.8%	¥19bn	Kadota Michiya	Pentagon Technologies Group and two others made subsidiaries
FYE Mar 2022Consolidated	¥288bn	+7.6%	¥36bn	+13.3%	12.4%	¥18bn	Kadota Michiya	—
FYE Mar 2023Consolidated	¥345bn	+19.6%	¥29bn	−18.7%	8.4%	¥20bn	Kadota Michiya	Business recast into the general water treatment and electronics markets
FYE Mar 2024Consolidated	¥385bn	+11.7%	¥41bn	+41.9%	10.7%	¥29bn	Kadota Michiya	¥7.6bn goodwill impairment on the North American chemicals business
FYE Mar 2025Consolidated	¥409bn	+6.3%	¥31bn	−24.1%	7.6%	¥20bn	Ejiri Hirohiko	Eleven domestic sales companies merged into Kurita East and West Japan
FYE Mar 2026Consolidated	¥403bn	−1.5%	¥58bn	+86.4%	14.5%	¥16bn	Ejiri Hirohiko	—

How it compares

Ebara¥958bnFY2025Operating margin 11.9%

Kurita Water Industries¥403bnFY2025Operating margin 14.5%

Organo¥178bnFY2025Operating margin 21.2%Amano¥176bnFY2025Operating margin 12.8%

Takuma¥166bnFY2025Operating margin 9.3%

Nomura Micro Science¥56bnFY2025Operating margin 11.9%

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Other operating costs Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥403bn

CAGR · 10 yrs +7.3%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	214	n/a	Cons. · Japanese GAAP
FYE Mar 2018	237	+10.6%	Cons. · Japanese GAAP
FYE Mar 2019	259	+9.5%	Cons. · Japanese GAAP
FYE Mar 2020	265	moved to IFRS	Cons. · IFRS
FYE Mar 2021	268	+1.1%	Cons. · IFRS
FYE Mar 2022	288	+7.6%	Cons. · IFRS
FYE Mar 2023	345	+19.6%	Cons. · IFRS
FYE Mar 2024	385	+11.7%	Cons. · IFRS
FYE Mar 2025	409	+6.3%	Cons. · IFRS
FYE Mar 2026	403	−1.5%	Cons. · IFRS

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 ¥250bn

CAGR · 10 yrs +6.2%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	145	n/a	Cons. · Japanese GAAP
FYE Mar 2018	160	+10.3%	Cons. · Japanese GAAP
FYE Mar 2019	175	+8.8%	Cons. · Japanese GAAP
FYE Mar 2020	172	moved to IFRS	Cons. · IFRS
FYE Mar 2021	173	+0.6%	Cons. · IFRS
FYE Mar 2022	184	+6.3%	Cons. · IFRS
FYE Mar 2023	225	+22.3%	Cons. · IFRS
FYE Mar 2024	253	+12.5%	Cons. · IFRS
FYE Mar 2025	261	+3.1%	Cons. · IFRS
FYE Mar 2026	250	−4.2%	Cons. · IFRS

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 ¥153bn

CAGR · 10 yrs +9.3%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	68.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	76.3	+11.1%	Cons. · Japanese GAAP
FYE Mar 2019	82.7	+8.3%	Cons. · Japanese GAAP
FYE Mar 2020	92.7	moved to IFRS	Cons. · IFRS
FYE Mar 2021	94.7	+2.1%	Cons. · IFRS
FYE Mar 2022	104	+10.1%	Cons. · IFRS
FYE Mar 2023	120	+14.8%	Cons. · IFRS
FYE Mar 2024	132	+10.1%	Cons. · IFRS
FYE Mar 2025	148	+12.3%	Cons. · IFRS
FYE Mar 2026	153	+3.4%	Cons. · IFRS

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 ¥96bn

CAGR · 10 yrs +7.7%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	49.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	53.9	+9.3%	Cons. · Japanese GAAP
FYE Mar 2019	57.0	+5.8%	Cons. · Japanese GAAP
FYE Mar 2020	66.1	moved to IFRS	Cons. · IFRS
FYE Mar 2021	65.2	−1.3%	Cons. · IFRS
FYE Mar 2022	71.3	+9.4%	Cons. · IFRS
FYE Mar 2023	81.1	+13.7%	Cons. · IFRS
FYE Mar 2024	89.8	+10.7%	Cons. · IFRS
FYE Mar 2025	98.9	+10.2%	Cons. · IFRS
FYE Mar 2026	95.8	−3.1%	Cons. · IFRS

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 ¥58bn

CAGR · 10 yrs +13.0%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	19.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.5	+15.5%	Cons. · Japanese GAAP
FYE Mar 2019	19.9	−11.6%	Cons. · Japanese GAAP
FYE Mar 2020	27.5	moved to IFRS	Cons. · IFRS
FYE Mar 2021	31.5	+14.7%	Cons. · IFRS
FYE Mar 2022	35.7	+13.3%	Cons. · IFRS
FYE Mar 2023	29.1	−18.7%	Cons. · IFRS
FYE Mar 2024	41.2	+41.9%	Cons. · IFRS
FYE Mar 2025	31.3	−24.1%	Cons. · IFRS
FYE Mar 2026	58.3	+86.4%	Cons. · IFRS

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

Non-operating income

FYE Mar 2026 ¥1.6bn

CAGR · 10 yrs +1.3%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.6	+10.3%	Cons. · Japanese GAAP
FYE Mar 2019	0.8	−50.4%	Cons. · Japanese GAAP
FYE Mar 2020	0.6	moved to IFRS	Cons. · IFRS
FYE Mar 2021	0.5	−4.2%	Cons. · IFRS
FYE Mar 2022	0.6	+10.3%	Cons. · IFRS
FYE Mar 2023	2.0	+231.1%	Cons. · IFRS
FYE Mar 2024	1.4	−27.7%	Cons. · IFRS
FYE Mar 2025	1.7	+16.6%	Cons. · IFRS
FYE Mar 2026	1.6	−4.3%	Cons. · IFRS

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 ¥1.9bn

CAGR · 10 yrs +9.7%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	0.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.9	+141.1%	Cons. · Japanese GAAP
FYE Mar 2019	0.5	−73.2%	Cons. · Japanese GAAP
FYE Mar 2020	1.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	1.9	+35.7%	Cons. · IFRS
FYE Mar 2022	6.2	+221.2%	Cons. · IFRS
FYE Mar 2023	1.1	−82.6%	Cons. · IFRS
FYE Mar 2024	1.1	+4.6%	Cons. · IFRS
FYE Mar 2025	1.2	+10.0%	Cons. · IFRS
FYE Mar 2026	1.9	+49.5%	Cons. · IFRS

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 n/a

CAGR · 3 yrs +9.2%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	20.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.1	+10.1%	Cons. · Japanese GAAP
FYE Mar 2019	23.9	+8.2%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

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 n/a

CAGR · 3 yrs +371.1%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.2	+964.7%	Cons. · Japanese GAAP
FYE Mar 2019	8.7	+108.4%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

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

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥16bn

CAGR · 10 yrs +1.1%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	14.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.9	+23.4%	Cons. · Japanese GAAP
FYE Mar 2019	17.3	−3.3%	Cons. · Japanese GAAP
FYE Mar 2020	15.0	moved to IFRS	Cons. · IFRS
FYE Mar 2021	19.1	+26.9%	Cons. · IFRS
FYE Mar 2022	18.5	−3.2%	Cons. · IFRS
FYE Mar 2023	20.1	+9.0%	Cons. · IFRS
FYE Mar 2024	29.2	+45.0%	Cons. · IFRS
FYE Mar 2025	20.3	−30.4%	Cons. · IFRS
FYE Mar 2026	16.0	−21.4%	Cons. · IFRS

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

Gross margin

FYE Mar 2026 38.0%

Average · 10 yrs 34.6%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	32.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	32.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	31.9	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	35.0	moved to IFRS	Cons. · IFRS
FYE Mar 2021	35.4	+0.4pp	Cons. · IFRS
FYE Mar 2022	36.2	+0.8pp	Cons. · IFRS
FYE Mar 2023	34.7	−1.4pp	Cons. · IFRS
FYE Mar 2024	34.3	−0.5pp	Cons. · IFRS
FYE Mar 2025	36.2	+2.0pp	Cons. · IFRS
FYE Mar 2026	38.0	+1.8pp	Cons. · IFRS

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

Operating margin

FYE Mar 2026 14.5%

Average · 10 yrs 10.2%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	9.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.5	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	7.7	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2020	10.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	11.8	+1.4pp	Cons. · IFRS
FYE Mar 2022	12.4	+0.6pp	Cons. · IFRS
FYE Mar 2023	8.4	−4.0pp	Cons. · IFRS
FYE Mar 2024	10.7	+2.3pp	Cons. · IFRS
FYE Mar 2025	7.6	−3.1pp	Cons. · IFRS
FYE Mar 2026	14.5	+6.8pp	Cons. · IFRS

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

Ordinary margin

FYE Mar 2026 n/a

Average · 3 yrs 9.3%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	9.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.3	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	9.2	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

Definition: The share of revenue left at the ordinary-profit line
Formula: Ordinary profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Mar 2026 4.0%

Average · 10 yrs 6.3%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	6.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.6	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	6.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	5.7	moved to IFRS	Cons. · IFRS
FYE Mar 2021	7.1	+1.5pp	Cons. · IFRS
FYE Mar 2022	6.4	−0.7pp	Cons. · IFRS
FYE Mar 2023	5.8	−0.6pp	Cons. · IFRS
FYE Mar 2024	7.6	+1.7pp	Cons. · IFRS
FYE Mar 2025	5.0	−2.6pp	Cons. · IFRS
FYE Mar 2026	4.0	−1.0pp	Cons. · IFRS

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

Cost-of-sales ratio

FYE Mar 2026 62.0%

Average · 10 yrs 65.3%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	67.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	67.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	67.3	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	65.0	moved to IFRS	Cons. · IFRS
FYE Mar 2021	64.6	−0.3pp	Cons. · IFRS
FYE Mar 2022	63.8	−0.8pp	Cons. · IFRS
FYE Mar 2023	65.3	+1.4pp	Cons. · IFRS
FYE Mar 2024	65.7	+0.5pp	Cons. · IFRS
FYE Mar 2025	63.8	−2.0pp	Cons. · IFRS
FYE Mar 2026	62.0	−1.8pp	Cons. · IFRS

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 23.8%

Average · 10 yrs 23.7%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	23.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	22.0	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	24.9	moved to IFRS	Cons. · IFRS
FYE Mar 2021	24.4	−0.6pp	Cons. · IFRS
FYE Mar 2022	24.8	+0.4pp	Cons. · IFRS
FYE Mar 2023	23.5	−1.2pp	Cons. · IFRS
FYE Mar 2024	23.3	−0.2pp	Cons. · IFRS
FYE Mar 2025	24.2	+0.9pp	Cons. · IFRS
FYE Mar 2026	23.8	−0.4pp	Cons. · IFRS

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 ¥564bn

CAGR · 10 yrs +7.3%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	299	n/a	Cons. · Japanese GAAP
FYE Mar 2018	323	+8.0%	Cons. · Japanese GAAP
FYE Mar 2019	351	+8.6%	Cons. · Japanese GAAP
FYE Mar 2020	368	moved to IFRS	Cons. · IFRS
FYE Mar 2021	425	+15.6%	Cons. · IFRS
FYE Mar 2022	470	+10.6%	Cons. · IFRS
FYE Mar 2023	502	+6.7%	Cons. · IFRS
FYE Mar 2024	557	+11.1%	Cons. · IFRS
FYE Mar 2025	549	−1.5%	Cons. · IFRS
FYE Mar 2026	564	+2.8%	Cons. · IFRS

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 ¥338bn

CAGR · 10 yrs +4.5%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	228	n/a	Cons. · Japanese GAAP
FYE Mar 2018	239	+4.9%	Cons. · Japanese GAAP
FYE Mar 2019	238	−0.4%	Cons. · Japanese GAAP
FYE Mar 2020	239	moved to IFRS	Cons. · IFRS
FYE Mar 2021	248	+3.8%	Cons. · IFRS
FYE Mar 2022	266	+7.1%	Cons. · IFRS
FYE Mar 2023	292	+9.9%	Cons. · IFRS
FYE Mar 2024	329	+12.6%	Cons. · IFRS
FYE Mar 2025	334	+1.3%	Cons. · IFRS
FYE Mar 2026	338	+1.4%	Cons. · IFRS

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 ¥80bn

CAGR · 8 yrs +68.1%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	2.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	36.7	moved to IFRS	Cons. · IFRS
FYE Mar 2021	31.7	−13.7%	Cons. · IFRS
FYE Mar 2022	39.1	+23.6%	Cons. · IFRS
FYE Mar 2023	77.8	+98.7%	Cons. · IFRS
FYE Mar 2024	77.8	+0.1%	Cons. · IFRS
FYE Mar 2025	70.2	−9.8%	Cons. · IFRS
FYE Mar 2026	79.8	+13.7%	Cons. · IFRS

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

Short-term borrowings

FYE Mar 2026 ¥16bn

CAGR · 7 yrs −12.5%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	n/a	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	35.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	0.4	−98.7%	Cons. · IFRS
FYE Mar 2022	8.2	+1738.2%	Cons. · IFRS
FYE Mar 2023	29.0	+254.5%	Cons. · IFRS
FYE Mar 2024	19.1	−34.1%	Cons. · IFRS
FYE Mar 2025	33.9	+77.5%	Cons. · IFRS
FYE Mar 2026	15.9	−53.1%	Cons. · IFRS

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 ¥64bn

CAGR · 7 yrs +91.3%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	n/a	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	1.3	moved to IFRS	Cons. · IFRS
FYE Mar 2021	31.2	+2291.3%	Cons. · IFRS
FYE Mar 2022	31.0	−0.8%	Cons. · IFRS
FYE Mar 2023	48.8	+57.5%	Cons. · IFRS
FYE Mar 2024	58.7	+20.4%	Cons. · IFRS
FYE Mar 2025	36.3	−38.1%	Cons. · IFRS
FYE Mar 2026	63.9	+76.0%	Cons. · IFRS

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

Intangible assets

FYE Mar 2026 ¥15bn

CAGR · 10 yrs −5.4%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	25.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	31.0	+22.5%	Cons. · Japanese GAAP
FYE Mar 2019	12.4	−60.1%	Cons. · Japanese GAAP
FYE Mar 2020	13.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	17.3	+29.4%	Cons. · IFRS
FYE Mar 2022	18.1	+4.5%	Cons. · IFRS
FYE Mar 2023	17.1	−5.5%	Cons. · IFRS
FYE Mar 2024	17.5	+2.2%	Cons. · IFRS
FYE Mar 2025	16.9	−3.1%	Cons. · IFRS
FYE Mar 2026	15.4	−9.1%	Cons. · IFRS

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

Goodwill

FYE Mar 2026 ¥61bn

CAGR · 10 yrs +16.9%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	15.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.4	+35.3%	Cons. · Japanese GAAP
FYE Mar 2019	43.8	+114.9%	Cons. · Japanese GAAP
FYE Mar 2020	47.0	moved to IFRS	Cons. · IFRS
FYE Mar 2021	55.6	+18.2%	Cons. · IFRS
FYE Mar 2022	63.0	+13.3%	Cons. · IFRS
FYE Mar 2023	60.4	−4.1%	Cons. · IFRS
FYE Mar 2024	71.0	+17.5%	Cons. · IFRS
FYE Mar 2025	66.3	−6.6%	Cons. · IFRS
FYE Mar 2026	61.5	−7.3%	Cons. · IFRS

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

Equity ratio

FYE Mar 2026 59.9%

Average · 10 yrs 63.6%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	76.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	73.9	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2019	67.8	−6.2pp	Cons. · Japanese GAAP
FYE Mar 2020	65.1	moved to IFRS	Cons. · IFRS
FYE Mar 2021	58.4	−6.6pp	Cons. · IFRS
FYE Mar 2022	56.6	−1.9pp	Cons. · IFRS
FYE Mar 2023	58.3	+1.7pp	Cons. · IFRS
FYE Mar 2024	59.0	+0.8pp	Cons. · IFRS
FYE Mar 2025	60.8	+1.7pp	Cons. · IFRS
FYE Mar 2026	59.9	−0.8pp	Cons. · IFRS

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 23.6%

Average · 8 yrs 17.3%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	15.3	moved to IFRS	Cons. · IFRS
FYE Mar 2021	12.7	−2.6pp	Cons. · IFRS
FYE Mar 2022	14.7	+2.0pp	Cons. · IFRS
FYE Mar 2023	26.6	+11.9pp	Cons. · IFRS
FYE Mar 2024	23.6	−3.0pp	Cons. · IFRS
FYE Mar 2025	21.1	−2.6pp	Cons. · IFRS
FYE Mar 2026	23.6	+2.5pp	Cons. · IFRS

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 4.7%

Average · 10 yrs 6.9%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	6.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.5	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	7.3	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	6.3	moved to IFRS	Cons. · IFRS
FYE Mar 2021	7.7	+1.4pp	Cons. · IFRS
FYE Mar 2022	6.9	−0.7pp	Cons. · IFRS
FYE Mar 2023	6.9	−0.1pp	Cons. · IFRS
FYE Mar 2024	8.9	+2.0pp	Cons. · IFRS
FYE Mar 2025	6.1	−2.8pp	Cons. · IFRS
FYE Mar 2026	4.7	−1.4pp	Cons. · IFRS

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

ROA return on assets

FYE Mar 2026 2.8%

Average · 10 yrs 4.4%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	4.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.5	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	4.9	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	4.1	moved to IFRS	Cons. · IFRS
FYE Mar 2021	4.5	+0.4pp	Cons. · IFRS
FYE Mar 2022	3.9	−0.6pp	Cons. · IFRS
FYE Mar 2023	4.0	+0.1pp	Cons. · IFRS
FYE Mar 2024	5.2	+1.2pp	Cons. · IFRS
FYE Mar 2025	3.7	−1.5pp	Cons. · IFRS
FYE Mar 2026	2.8	−0.9pp	Cons. · IFRS

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

Asset turnover

FYE Mar 2026 0.71×

CAGR · 10 yrs −0.0%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.72	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.73	+2.4%	Cons. · Japanese GAAP
FYE Mar 2019	0.74	+0.9%	Cons. · Japanese GAAP
FYE Mar 2020	0.72	moved to IFRS	Cons. · IFRS
FYE Mar 2021	0.63	−12.5%	Cons. · IFRS
FYE Mar 2022	0.61	−2.7%	Cons. · IFRS
FYE Mar 2023	0.69	+12.0%	Cons. · IFRS
FYE Mar 2024	0.69	+0.5%	Cons. · IFRS
FYE Mar 2025	0.74	+7.9%	Cons. · IFRS
FYE Mar 2026	0.71	−4.2%	Cons. · IFRS

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 ¥56bn

CAGR · 10 yrs +5.6%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	33.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.4	−36.9%	Cons. · Japanese GAAP
FYE Mar 2019	38.5	+79.7%	Cons. · Japanese GAAP
FYE Mar 2020	34.5	moved to IFRS	Cons. · IFRS
FYE Mar 2021	40.0	+16.0%	Cons. · IFRS
FYE Mar 2022	28.7	−28.2%	Cons. · IFRS
FYE Mar 2023	48.6	+69.2%	Cons. · IFRS
FYE Mar 2024	50.9	+4.6%	Cons. · IFRS
FYE Mar 2025	87.8	+72.5%	Cons. · IFRS
FYE Mar 2026	55.6	−36.7%	Cons. · IFRS

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

Investing cash flow

FYE Mar 2026 -¥34bn

Average · 10 yrs -¥33bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-15.9	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-51.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-43.7	moved to IFRS	Cons. · IFRS
FYE Mar 2021	-10.8	n/a	Cons. · IFRS
FYE Mar 2022	-39.9	n/a	Cons. · IFRS
FYE Mar 2023	-46.3	n/a	Cons. · IFRS
FYE Mar 2024	-35.8	n/a	Cons. · IFRS
FYE Mar 2025	-52.1	n/a	Cons. · IFRS
FYE Mar 2026	-34.0	n/a	Cons. · IFRS

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Mar 2026 -¥23bn

Average · 10 yrs -¥9.9bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-10.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-12.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-11.3	n/a	Cons. · Japanese GAAP
FYE Mar 2020	24.9	moved to IFRS	Cons. · IFRS
FYE Mar 2021	-18.9	−175.8%	Cons. · IFRS
FYE Mar 2022	-7.9	n/a	Cons. · IFRS
FYE Mar 2023	1.1	n/a	Cons. · IFRS
FYE Mar 2024	-15.3	−1493.0%	Cons. · IFRS
FYE Mar 2025	-25.4	n/a	Cons. · IFRS
FYE Mar 2026	-23.3	n/a	Cons. · IFRS

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 ¥65bn

CAGR · 10 yrs −0.0%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	65.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	58.9	−10.0%	Cons. · Japanese GAAP
FYE Mar 2019	35.5	−39.7%	Cons. · Japanese GAAP
FYE Mar 2020	50.2	moved to IFRS	Cons. · IFRS
FYE Mar 2021	62.2	+23.9%	Cons. · IFRS
FYE Mar 2022	45.7	−26.5%	Cons. · IFRS
FYE Mar 2023	50.5	+10.4%	Cons. · IFRS
FYE Mar 2024	54.0	+7.0%	Cons. · IFRS
FYE Mar 2025	63.0	+16.6%	Cons. · IFRS
FYE Mar 2026	65.3	+3.7%	Cons. · IFRS

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 ¥22bn

CAGR · 10 yrs −4.6%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	32.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.5	−83.3%	Cons. · Japanese GAAP
FYE Mar 2019	-13.1	−338.7%	Cons. · Japanese GAAP
FYE Mar 2020	-9.2	moved to IFRS	Cons. · IFRS
FYE Mar 2021	29.2	n/a	Cons. · IFRS
FYE Mar 2022	-11.2	−138.3%	Cons. · IFRS
FYE Mar 2023	2.4	n/a	Cons. · IFRS
FYE Mar 2024	15.1	+539.5%	Cons. · IFRS
FYE Mar 2025	35.7	+136.8%	Cons. · IFRS
FYE Mar 2026	21.6	−39.6%	Cons. · IFRS

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 13.8%

Average · 10 yrs 14.0%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	15.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.0	−6.8pp	Cons. · Japanese GAAP
FYE Mar 2019	14.8	+5.8pp	Cons. · Japanese GAAP
FYE Mar 2020	13.0	moved to IFRS	Cons. · IFRS
FYE Mar 2021	14.9	+1.9pp	Cons. · IFRS
FYE Mar 2022	10.0	−5.0pp	Cons. · IFRS
FYE Mar 2023	14.1	+4.1pp	Cons. · IFRS
FYE Mar 2024	13.2	−0.9pp	Cons. · IFRS
FYE Mar 2025	21.5	+8.2pp	Cons. · IFRS
FYE Mar 2026	13.8	−7.7pp	Cons. · IFRS

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

Net cash

FYE Mar 2026 -¥15bn

Average · 8 yrs ¥1.4bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	33.4	n/a	Cons. · Japanese GAAP
FYE Mar 2020	13.5	moved to IFRS	Cons. · IFRS
FYE Mar 2021	30.6	+125.8%	Cons. · IFRS
FYE Mar 2022	6.6	−78.4%	Cons. · IFRS
FYE Mar 2023	-27.3	−513.6%	Cons. · IFRS
FYE Mar 2024	-23.8	n/a	Cons. · IFRS
FYE Mar 2025	-7.3	n/a	Cons. · IFRS
FYE Mar 2026	-14.6	n/a	Cons. · IFRS

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 ¥851bn

Change · 10 yrs +¥530bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	321	n/a
FYE Mar 2018	393	n/a
FYE Mar 2019	328	n/a
FYE Mar 2020	290	n/a
FYE Mar 2021	551	n/a
FYE Mar 2022	527	n/a
FYE Mar 2023	702	n/a
FYE Mar 2024	733	n/a
FYE Mar 2025	533	n/a
FYE Mar 2026	851	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 7,325¥

Change · 10 yrs +4,633¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	2,692	n/a
FYE Mar 2018	3,379	n/a
FYE Mar 2019	2,823	n/a
FYE Mar 2020	2,492	n/a
FYE Mar 2021	4,741	n/a
FYE Mar 2022	4,537	n/a
FYE Mar 2023	6,037	n/a
FYE Mar 2024	6,311	n/a
FYE Mar 2025	4,589	n/a
FYE Mar 2026	7,325	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 116,200,000shares

Change · 10 yrs −2,964,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	119,164,000	Parent
FYE Mar 2018	116,200,000	Parent
FYE Mar 2019	116,200,000	Parent
FYE Mar 2020	116,200,000	Parent
FYE Mar 2021	116,200,000	Parent
FYE Mar 2022	116,200,000	Parent
FYE Mar 2023	116,200,000	Parent
FYE Mar 2024	116,200,000	Parent
FYE Mar 2025	116,200,000	Parent
FYE Mar 2026	116,200,000	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 145.34¥

Change · 10 yrs +20.11¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	125.23	Cons.
FYE Mar 2018	159.37	Cons.
FYE Mar 2019	107.33	Cons.
FYE Mar 2020	162.86	Cons.
FYE Mar 2021	169.94	Cons.
FYE Mar 2022	164.38	Cons.
FYE Mar 2023	179.14	Cons.
FYE Mar 2024	259.70	Cons.
FYE Mar 2025	180.66	Cons.
FYE Mar 2026	145.34	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 2,911.57¥

Change · 10 yrs +1,001.41¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,910.17	Cons. · Japanese GAAP
FYE Mar 2018	2,055.11	Cons. · Japanese GAAP
FYE Mar 2019	2,046.04	Cons. · Japanese GAAP
FYE Mar 2020	2,058.21	Cons. · IFRS
FYE Mar 2021	2,137.19	Cons. · IFRS
FYE Mar 2022	2,288.86	Cons. · IFRS
FYE Mar 2023	2,514.55	Cons. · IFRS
FYE Mar 2024	2,832.28	Cons. · IFRS
FYE Mar 2025	2,870.48	Cons. · IFRS
FYE Mar 2026	2,911.57	Cons. · IFRS

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

PER price-to-earnings ratio

FYE Mar 2026 50.40×

Average · 10 yrs 27.36×

Fiscal year	PER ×	Basis
FYE Mar 2017	21.50	Cons.
FYE Mar 2018	21.20	Cons.
FYE Mar 2019	26.30	Cons.
FYE Mar 2020	15.30	Cons.
FYE Mar 2021	27.90	Cons.
FYE Mar 2022	27.60	Cons.
FYE Mar 2023	33.70	Cons.
FYE Mar 2024	24.30	Cons.
FYE Mar 2025	25.40	Cons.
FYE Mar 2026	50.40	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 Mar 2026 2.35×

Average · 10 yrs 1.78×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.35	Cons.
FYE Mar 2018	1.60	Cons.
FYE Mar 2019	1.34	Cons.
FYE Mar 2020	1.15	Cons.
FYE Mar 2021	2.10	Cons.
FYE Mar 2022	1.88	Cons.
FYE Mar 2023	2.31	Cons.
FYE Mar 2024	2.14	Cons.
FYE Mar 2025	1.53	Cons.
FYE Mar 2026	2.35	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 8,268people

Change · 10 yrs +2,614 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	5,654	n/a	Cons.
FYE Mar 2018	6,011	+6.3%	Cons.
FYE Mar 2019	6,613	+10.0%	Cons.
FYE Mar 2020	6,737	+1.9%	Cons.
FYE Mar 2021	7,465	+10.8%	Cons.
FYE Mar 2022	7,661	+2.6%	Cons.
FYE Mar 2023	7,784	+1.6%	Cons.
FYE Mar 2024	7,981	+2.5%	Cons.
FYE Mar 2025	8,151	+2.1%	Cons.
FYE Mar 2026	8,268	+1.4%	Cons.

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

Parent-company employees

FYE Mar 2026 1,677people

Change · 10 yrs +141 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	1,536	n/a	Parent
FYE Mar 2018	1,516	−1.3%	Parent
FYE Mar 2019	1,549	+2.2%	Parent
FYE Mar 2020	1,541	−0.5%	Parent
FYE Mar 2021	1,561	+1.3%	Parent
FYE Mar 2022	1,673	+7.2%	Parent
FYE Mar 2023	1,624	−2.9%	Parent
FYE Mar 2024	1,625	+0.1%	Parent
FYE Mar 2025	1,661	+2.2%	Parent
FYE Mar 2026	1,677	+1.0%	Parent

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

Average annual pay parent company

FYE Mar 2026 ¥10.0m

Change · 8 yrs +¥1.2m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	8.8	n/a	Parent
FYE Mar 2020	9.0	+1.4%	Parent
FYE Mar 2021	8.9	−0.2%	Parent
FYE Mar 2022	9.1	+1.7%	Parent
FYE Mar 2023	9.1	+0.3%	Parent
FYE Mar 2024	9.3	+2.5%	Parent
FYE Mar 2025	9.3	−0.3%	Parent
FYE Mar 2026	10.0	+7.5%	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 43.3years

Change · 8 yrs +0.9 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	42.4	n/a	Parent
FYE Mar 2020	42.6	+0.5%	Parent
FYE Mar 2021	42.9	+0.7%	Parent
FYE Mar 2022	43.0	+0.2%	Parent
FYE Mar 2023	43.2	+0.5%	Parent
FYE Mar 2024	43.1	−0.2%	Parent
FYE Mar 2025	43.1	−0.0%	Parent
FYE Mar 2026	43.3	+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 16.0years

Change · 8 yrs −0.0 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	16.0	n/a	Parent
FYE Mar 2020	17.0	+6.3%	Parent
FYE Mar 2021	17.0	−0.0%	Parent
FYE Mar 2022	17.0	−0.0%	Parent
FYE Mar 2023	17.0	−0.0%	Parent
FYE Mar 2024	17.0	−0.0%	Parent
FYE Mar 2025	17.0	−0.0%	Parent
FYE Mar 2026	16.0	−5.9%	Parent

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

Temporary employees

FYE Mar 2026 1,082people

Change · 10 yrs +339 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	743	n/a	n/a
FYE Mar 2018	743	−0.0%	n/a
FYE Mar 2019	861	+15.9%	n/a
FYE Mar 2020	822	−4.5%	n/a
FYE Mar 2021	821	−0.1%	n/a
FYE Mar 2022	758	−7.7%	n/a
FYE Mar 2023	821	+8.3%	n/a
FYE Mar 2024	1,089	+32.6%	n/a
FYE Mar 2025	969	−11.0%	n/a
FYE Mar 2026	1,082	+11.7%	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 ¥48.7m

Change · 10 yrs +¥10.8m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	37.9	n/a	Cons.
FYE Mar 2018	39.4	+4.0%	Cons.
FYE Mar 2019	39.2	−0.4%	Cons.
FYE Mar 2020	39.3	n/a	Cons.
FYE Mar 2021	35.9	−8.8%	Cons.
FYE Mar 2022	37.6	+4.9%	Cons.
FYE Mar 2023	44.3	+17.7%	Cons.
FYE Mar 2024	48.2	+8.9%	Cons.
FYE Mar 2025	50.2	+4.0%	Cons.
FYE Mar 2026	48.7	−2.9%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥7.1m

Change · 10 yrs +¥3.6m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	3.4	n/a	Cons.
FYE Mar 2018	3.7	+8.7%	Cons.
FYE Mar 2019	3.0	−19.7%	Cons.
FYE Mar 2020	4.1	n/a	Cons.
FYE Mar 2021	4.2	+3.5%	Cons.
FYE Mar 2022	4.7	+10.4%	Cons.
FYE Mar 2023	3.7	−20.0%	Cons.
FYE Mar 2024	5.2	+38.4%	Cons.
FYE Mar 2025	3.8	−25.7%	Cons.
FYE Mar 2026	7.1	+83.7%	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

Kurita Water 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/6370/company.json ·/api/6370/history.json ·/api/6370/ceo.json ·/api/6370/financials.json ·/api/6370/financials/segment.json ·/api/6370/financials/pl.json ·/api/6370/financials/cf.json ·/api/6370/financials/bs.json ·/api/6370/financials/employee.json ·/api/6370/financials/stock.json ·/api/6370/financials.csv ·/api/6370/financials_history.csv

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