Financials

NTN: 64 fiscal years of results, 1957–2026

Revenue · FYE Mar 2026: ¥826bn
Operating profit · FYE Mar 2026: ¥31bn
Net profit · FYE Mar 2026: ¥13bn
Total assets: ¥879bn
Equity ratio: 33.8%
Fiscal years on record: 64 · 1957–2026

This page carries 64 fiscal years of results, from 1957 to 2026. 6 years in that range carry no figure on record and are left out rather than interpolated. It is stitched from 3 sources — securities reports for the modern years, and company yearbooks or printed corporate histories for the older ones. Each column in the table below is footnoted with the one it came from. Revenue peaked in 2024 and has not returned to that level since. The company reported a net loss in 13 of those years, most recently in 2025.

NTN: long-term performance & turning pointsSales (revenue) and profit-margin ratio

Sales (¥ bn)Net margin (%)

Long-term results, every fiscal year on record (¥ bn). Scroll sideways for earlier years.
Fiscal year	Unit	1957 ^*1 FYE Aug	1958 ^*1 FYE Feb	1959 ^*1 FYE Aug	1960 ^*1 FYE Feb	1961 ^*1 FYE Mar	1962 ^*1 FYE Mar	1963 ^*1 FYE Mar	1964 ^*1 FYE Mar	1965 ^*1 FYE Mar	1966 ^*1 FYE Mar	1967 ^*2 FYE Mar	1968 ^*2 FYE Mar	1969 ^*2 FYE Mar	1970 ^*2 FYE Mar	1971 ^*2 FYE Mar	1972 ^*2 FYE Mar	1973 ^*2 FYE Mar	1974 ^*2 FYE Mar	1975 ^*2 FYE Mar	1976 ^*2 FYE Mar	1977 ^*2 FYE Mar	1978 ^*2 FYE Mar	1979 ^*2 FYE Mar	1980 ^*2 FYE Mar	1981 ^*2 FYE Mar	1982 ^*2 FYE Mar	1983 ^*2 FYE Mar	1984 ^*2 FYE Mar	1985 ^*2 FYE Mar	1992 ^*2 FYE Mar	1993 ^*2 FYE Mar	1994 ^*2 FYE Mar	1995 ^*2 FYE Mar	1996 ^*2 FYE Mar	1997 ^*2 FYE Mar	1998 ^*2 FYE Mar	1999 ^*2 FYE Mar	2000 ^*2 FYE Mar	2001 ^*2 FYE Mar	2002 ^*3 FYE Mar	2003 ^*3 FYE Mar	2004 ^*3 FYE Mar	2005 ^*3 FYE Mar	2006 ^*3 FYE Mar	2007 ^*3 FYE Mar	2008 ^*3 FYE Mar	2009 ^*3 FYE Mar	2010 ^*3 FYE Mar	2011 ^*3 FYE Mar	2012 ^*3 FYE Mar	2013 ^*3 FYE Mar	2014 ^*3 FYE Mar	2015 ^*3 FYE Mar	2016 ^*3 FYE Mar	2017 ^*3 FYE Mar	2018 ^*3 FYE Mar	2019 ^*3 FYE Mar	2020 ^*3 FYE Mar	2021 ^*3 FYE Mar	2022 ^*3 FYE Mar	2023 ^*3 FYE Mar	2024 ^*3 FYE Mar	2025 ^*3 FYE Mar	2026 ^*3 FYE Mar
Revenue	JPY	¥4.4bn	¥5.5bn	¥4.5bn	¥6.4bn	¥11bn	¥14bn	¥13bn	¥14bn	¥17bn	¥15bn	¥19bn	¥26bn	¥34bn	¥45bn	¥58bn	¥58bn	¥66bn	¥84bn	¥110bn	¥98bn	¥94bn	¥105bn	¥118bn	¥149bn	¥178bn	¥190bn	¥185bn	¥203bn	¥237bn	¥324bn	¥310bn	¥286bn	¥302bn	¥305bn	¥328bn	¥348bn	¥326bn	¥326bn	¥341bn	¥324bn	¥343bn	¥357bn	¥388bn	¥435bn	¥484bn	¥534bn	¥527bn	¥453bn	¥530bn	¥543bn	¥540bn	¥639bn	¥702bn	¥717bn	¥684bn	¥745bn	¥734bn	¥652bn	¥563bn	¥642bn	¥774bn	¥836bn	¥826bn	¥826bn
YoY	%	—	+24.1%	-16.9%	+40.4%	+65.1%	+29.5%	-2.9%	+5.3%	+18.7%	-6.7%	+22.1%	+39.9%	+29.3%	+33.5%	+26.7%	+1.2%	+12.5%	+28.1%	+31.0%	-11.1%	-3.8%	+11.6%	+12.6%	+26.2%	+19.6%	+6.5%	-2.6%	+10.0%	+16.4%	—	-4.3%	-8.0%	+5.7%	+1.1%	+7.4%	+6.1%	-6.4%	+0.2%	+4.3%	-4.8%	+5.7%	+4.3%	+8.7%	+12.0%	+11.3%	+10.4%	-1.3%	-14.1%	+17.1%	+2.5%	-0.7%	+18.4%	+9.9%	+2.1%	-4.6%	+8.9%	-1.5%	-11.2%	-13.7%	+14.1%	+20.5%	+8.1%	-1.3%	+0.1%
Operating profit	JPY	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	¥38bn	¥47bn	¥50bn	¥9.5bn	¥1.4bn	¥25bn	¥21bn	¥7.3bn	¥33bn	¥44bn	¥48bn	¥36bn	¥40bn	¥27bn	¥7.5bn	-¥3.1bn	¥6.9bn	¥17bn	¥28bn	¥23bn	¥31bn
YoY	%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	+24.5%	+6.0%	-80.8%	-85.3%	+1657.1%	-15.9%	-64.7%	+352.1%	+32.7%	+9.1%	-25.5%	+11.2%	-32.1%	-72.1%	-141.3%	—	+147.8%	+64.3%	-18.1%	+34.8%
Ordinary profit	JPY	—	—	—	—	—	—	—	—	—	—	—	—	—	—	¥3.8bn	¥3.5bn	¥3.6bn	¥4.0bn	¥4.5bn	-¥0.5bn	-¥1.6bn	-¥2.2bn	¥0.7bn	¥8.4bn	¥11bn	¥14bn	¥11bn	¥13bn	¥16bn	—	—	—	—	—	—	—	—	—	—	¥2.7bn	¥16bn	¥21bn	¥28bn	¥33bn	¥42bn	¥43bn	¥8.7bn	-¥0.6bn	¥21bn	¥19bn	¥2.5bn	¥29bn	¥39bn	¥38bn	¥30bn	¥31bn	¥22bn	-¥1.7bn	-¥5.7bn	¥6.8bn	¥12bn	¥20bn	¥11bn	¥24bn
Net profit	JPY	¥0.5bn	¥0.6bn	¥0.5bn	¥0.6bn	¥1.2bn	¥1.5bn	¥1.3bn	¥1.0bn	¥0.9bn	-¥0.5bn	¥0.8bn	¥1.2bn	¥1.6bn	¥2.0bn	¥2.3bn	¥2.0bn	¥2.2bn	¥2.5bn	¥2.7bn	¥0.6bn	-¥0.4bn	-¥0.4bn	¥0.9bn	¥3.4bn	¥5.4bn	¥7.5bn	¥6.0bn	¥7.1bn	¥8.6bn	¥6.2bn	¥4.6bn	¥3.2bn	¥3.2bn	¥4.7bn	¥7.9bn	¥7.6bn	¥4.0bn	-¥25bn	¥4.2bn	-¥0.1bn	¥2.6bn	¥11bn	¥17bn	¥20bn	¥27bn	¥27bn	-¥8.9bn	-¥2.0bn	¥14bn	¥5.9bn	-¥14bn	-¥15bn	¥23bn	¥15bn	¥2.8bn	¥20bn	-¥6.9bn	-¥44bn	-¥12bn	¥7.3bn	¥10bn	¥11bn	-¥24bn	¥13bn
YoY	%	—	+7.5%	-19.3%	+39.1%	+82.8%	+25.6%	-15.0%	-16.8%	-16.3%	-157.5%	—	+50.6%	+37.9%	+25.6%	+16.4%	-12.8%	+6.4%	+17.1%	+5.1%	-77.5%	-166.7%	—	—	+294.1%	+61.8%	+37.5%	-19.1%	+17.2%	+20.9%	—	-25.8%	-30.4%	0.0%	+46.9%	+68.1%	-3.8%	-47.4%	-715.0%	—	-102.4%	—	+323.1%	+51.8%	+16.8%	+38.5%	+1.5%	-132.5%	—	—	-58.7%	-339.0%	—	—	-35.6%	-81.3%	+625.0%	-134.0%	—	—	—	+41.1%	+1.9%	-326.7%	—
Operating margin	%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	8.6%	9.7%	9.3%	1.8%	0.3%	4.6%	3.8%	1.4%	5.2%	6.2%	6.7%	5.2%	5.3%	3.7%	1.2%	-0.6%	1.1%	2.2%	3.4%	2.8%	3.8%
Net margin	%	12.1%	10.5%	10.2%	10.1%	11.1%	10.8%	9.5%	7.5%	5.3%	-3.2%	4.1%	4.4%	4.7%	4.4%	4.1%	3.5%	3.3%	3.0%	2.4%	0.6%	-0.4%	-0.4%	0.7%	2.2%	3.0%	3.9%	3.3%	3.5%	3.6%	1.9%	1.5%	1.1%	1.1%	1.5%	2.4%	2.2%	1.2%	-7.5%	1.2%	0.0%	0.8%	3.1%	4.3%	4.5%	5.6%	5.1%	-1.7%	-0.4%	2.7%	1.1%	-2.6%	-2.3%	3.3%	2.1%	0.4%	2.7%	-0.9%	-6.7%	-2.1%	1.1%	1.3%	1.3%	-2.9%	1.6%
Standard		Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP	Japanese GAAP
Basis		Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Parent only	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated	Consolidated

*1 Diamond Kaisha Sangyo Soran (Company & Industry Survey), 1964 edition
*2 Kaisha Nenkan (Company Yearbook)
*3 Securities report

Cost structure Cost of sales SG&A Operating profit Operating margin

Where each yen of revenue goes — cost of sales, SG&A and what is left as operating profit (¥ bn, stacked)

Revenue and its cost lines, every year the breakdown was filed (¥ bn).
Fiscal year	Unit	2006 ^*1 FYE Mar	2007 ^*1 FYE Mar	2008 ^*1 FYE Mar	2009 ^*1 FYE Mar	2010 ^*1 FYE Mar	2011 ^*1 FYE Mar	2012 ^*1 FYE Mar	2013 ^*1 FYE Mar	2014 ^*1 FYE Mar	2015 ^*1 FYE Mar	2016 ^*1 FYE Mar	2017 ^*1 FYE Mar	2018 ^*1 FYE Mar	2019 ^*1 FYE Mar	2020 ^*1 FYE Mar	2021 ^*1 FYE Mar	2022 ^*1 FYE Mar	2023 ^*1 FYE Mar	2024 ^*1 FYE Mar	2025 ^*1 FYE Mar	2026 ^*1 FYE Mar
Revenue	JPY	¥435bn	¥484bn	¥534bn	¥527bn	¥453bn	¥530bn	¥543bn	¥540bn	¥639bn	¥702bn	¥717bn	¥684bn	¥745bn	¥734bn	¥652bn	¥563bn	¥642bn	¥774bn	¥836bn	¥826bn	¥826bn
YoY	%	—	+11.3%	+10.4%	-1.3%	-14.1%	+17.1%	+2.5%	-0.7%	+18.4%	+9.8%	+2.2%	-4.7%	+8.9%	-1.5%	-11.2%	-13.7%	+14.1%	+20.6%	+8.1%	-1.3%	+0.1%
Cost of sales	JPY	¥341bn	¥378bn	¥422bn	¥445bn	¥388bn	¥438bn	¥453bn	¥462bn	¥526bn	¥570bn	¥577bn	¥556bn	¥604bn	¥603bn	¥549bn	¥478bn	¥536bn	¥648bn	¥691bn	¥684bn	¥675bn
SG&A	JPY	¥57bn	¥59bn	¥62bn	¥72bn	¥64bn	¥68bn	¥70bn	¥70bn	¥80bn	¥88bn	¥93bn	¥92bn	¥101bn	¥104bn	¥95bn	¥88bn	¥99bn	¥109bn	¥117bn	¥118bn	¥121bn
Operating profit	JPY	¥38bn	¥47bn	¥50bn	¥9.5bn	¥1.4bn	¥25bn	¥21bn	¥7.3bn	¥33bn	¥44bn	¥48bn	¥36bn	¥40bn	¥27bn	¥7.5bn	-¥3.1bn	¥6.9bn	¥17bn	¥28bn	¥23bn	¥31bn
YoY	%	—	+24.3%	+6.0%	-80.9%	-85.2%	+1655.5%	-15.6%	-64.9%	+353.5%	+32.9%	+8.9%	-25.4%	+11.2%	-32.0%	-72.1%	-141.7%	—	+149.2%	+64.2%	-18.4%	+35.2%
Operating margin	%	8.7%	9.7%	9.3%	1.8%	0.3%	4.6%	3.8%	1.3%	5.2%	6.2%	6.7%	5.2%	5.3%	3.7%	1.2%	-0.6%	1.1%	2.2%	3.4%	2.8%	3.8%
Change	pp	—	+1.0pp	-0.4pp	-7.5pp	-1.5pp	+4.3pp	-0.8pp	-2.5pp	+3.9pp	+1.0pp	+0.5pp	-1.5pp	+0.1pp	-1.6pp	-2.5pp	-1.8pp	+1.7pp	+1.1pp	+1.2pp	-0.6pp	+1.0pp

*1 Securities report (yuka shoken hokokusho), as filed

Balance sheet Total assets Equity Interest-bearing debt Equity ratio

Total assets, equity and interest-bearing debt (¥ bn), with the equity ratio (%)

Balance-sheet totals, every year on record (¥ bn).
Fiscal year	Unit	2002 ^*1 FYE Mar	2003 ^*1 FYE Mar	2004 ^*1 FYE Mar	2005 ^*1 FYE Mar	2006 ^*1 FYE Mar	2007 ^*1 FYE Mar	2008 ^*1 FYE Mar	2009 ^*1 FYE Mar	2010 ^*1 FYE Mar	2011 ^*1 FYE Mar	2012 ^*1 FYE Mar	2013 ^*1 FYE Mar	2014 ^*1 FYE Mar	2015 ^*1 FYE Mar	2016 ^*1 FYE Mar	2017 ^*1 FYE Mar	2018 ^*1 FYE Mar	2019 ^*1 FYE Mar	2020 ^*1 FYE Mar	2021 ^*1 FYE Mar	2022 ^*1 FYE Mar	2023 ^*1 FYE Mar	2024 ^*1 FYE Mar	2025 ^*1 FYE Mar	2026 ^*1 FYE Mar
Total assets	JPY	¥463bn	¥467bn	¥460bn	¥517bn	¥561bn	¥612bn	¥629bn	¥628bn	¥619bn	¥632bn	¥693bn	¥768bn	¥848bn	¥856bn	¥794bn	¥797bn	¥839bn	¥841bn	¥758bn	¥837bn	¥855bn	¥870bn	¥910bn	¥856bn	¥879bn
YoY	%	—	+0.9%	-1.5%	+12.2%	+8.7%	+9.0%	+2.9%	-0.3%	-1.4%	+2.1%	+9.7%	+10.8%	+10.4%	+1.0%	-7.3%	+0.4%	+5.3%	+0.2%	-9.9%	+10.4%	+2.3%	+1.7%	+4.6%	-5.9%	+2.6%
Equity	JPY	¥138bn	¥135bn	¥143bn	¥158bn	¥183bn	¥209bn	¥209bn	¥177bn	¥199bn	¥200bn	¥212bn	¥212bn	¥213bn	¥245bn	¥232bn	¥229bn	¥253bn	¥230bn	¥156bn	¥171bn	¥198bn	¥221bn	¥264bn	¥233bn	¥297bn
YoY	%	—	-2.4%	+5.7%	+10.8%	+15.9%	+14.2%	0.0%	-15.5%	+12.4%	+0.4%	+6.2%	-0.2%	+0.8%	+15.0%	-5.3%	-1.3%	+10.5%	-9.2%	-32.2%	+9.2%	+16.0%	+11.5%	+19.8%	-11.9%	+27.5%
Interest-bearing debt	JPY	—	—	—	—	¥183bn	¥198bn	¥213bn	¥276bn	¥232bn	¥223bn	¥272bn	¥361bn	¥382bn	¥359bn	¥325bn	¥300bn	¥291bn	¥320bn	¥332bn	¥343bn	¥314bn	¥291bn	¥260bn	¥262bn	¥289bn
Equity ratio	%	29.9%	28.9%	31.0%	30.6%	32.6%	34.2%	33.3%	28.2%	32.2%	31.6%	30.6%	27.6%	25.2%	28.6%	29.3%	28.8%	30.2%	27.4%	20.6%	20.4%	23.1%	25.4%	29.0%	27.2%	33.8%
Change	pp	—	-1.0pp	+2.1pp	-0.4pp	+2.0pp	+1.6pp	-0.9pp	-5.1pp	+4.0pp	-0.6pp	-1.0pp	-3.0pp	-2.4pp	+3.4pp	+0.7pp	-0.5pp	+1.4pp	-2.8pp	-6.8pp	-0.2pp	+2.7pp	+2.3pp	+3.6pp	-1.8pp	+6.6pp

*1 Securities report (yuka shoken hokokusho), as filed

Cash flow Operating CF Investing CF Financing CF

Cash generated by operations, spent on investment and raised or repaid in financing (¥ bn)

Cash flows as filed, every year on record (¥ bn). A negative figure is cash out.
Fiscal year	Unit	2002 ^*1 FYE Mar	2003 ^*1 FYE Mar	2004 ^*1 FYE Mar	2005 ^*1 FYE Mar	2006 ^*1 FYE Mar	2007 ^*1 FYE Mar	2008 ^*1 FYE Mar	2009 ^*1 FYE Mar	2010 ^*1 FYE Mar	2011 ^*1 FYE Mar	2012 ^*1 FYE Mar	2013 ^*1 FYE Mar	2014 ^*1 FYE Mar	2015 ^*1 FYE Mar	2016 ^*1 FYE Mar	2017 ^*1 FYE Mar	2018 ^*1 FYE Mar	2019 ^*1 FYE Mar	2020 ^*1 FYE Mar	2021 ^*1 FYE Mar	2022 ^*1 FYE Mar	2023 ^*1 FYE Mar	2024 ^*1 FYE Mar	2025 ^*1 FYE Mar	2026 ^*1 FYE Mar
Operating CF	JPY	¥30bn	¥48bn	¥21bn	¥48bn	¥39bn	¥58bn	¥66bn	¥21bn	¥44bn	¥45bn	¥17bn	¥21bn	¥69bn	¥25bn	¥46bn	¥62bn	¥62bn	¥43bn	¥44bn	¥36bn	¥9.0bn	¥34bn	¥65bn	¥46bn	¥57bn
YoY	%	—	+61.2%	-56.3%	+126.2%	-18.7%	+50.3%	+13.3%	-67.7%	+105.7%	+1.2%	-61.7%	+20.2%	+236.8%	-63.6%	+84.1%	+34.9%	-0.9%	-30.1%	+1.2%	-16.6%	-75.4%	+282.1%	+90.3%	-29.9%	+25.3%
Investing CF	JPY	-¥18bn	-¥24bn	-¥35bn	-¥46bn	-¥52bn	-¥72bn	-¥84bn	-¥63bn	-¥26bn	-¥32bn	-¥53bn	-¥57bn	-¥34bn	-¥31bn	-¥34bn	-¥41bn	-¥48bn	-¥66bn	-¥62bn	-¥18bn	¥2.5bn	-¥14bn	-¥25bn	-¥26bn	-¥26bn
Financing CF	JPY	-¥8.0bn	-¥9.9bn	¥6.0bn	¥6.7bn	-¥3.3bn	¥11bn	¥16bn	¥45bn	-¥19bn	-¥6.7bn	¥47bn	¥70bn	¥6.6bn	-¥37bn	-¥28bn	-¥8.2bn	-¥7.5bn	¥21bn	¥7.4bn	¥55bn	-¥41bn	-¥33bn	-¥30bn	-¥19bn	-¥35bn
Cash & equivalents	JPY	¥36bn	¥50bn	¥42bn	¥51bn	¥36bn	¥32bn	¥33bn	¥31bn	¥33bn	¥40bn	¥53bn	¥86bn	¥130bn	¥88bn	¥67bn	¥79bn	¥86bn	¥83bn	¥71bn	¥147bn	¥121bn	¥111bn	¥127bn	¥128bn	¥131bn
YoY	%	—	+39.3%	-16.1%	+21.7%	-30.0%	-10.6%	+1.4%	-4.7%	+5.7%	+22.4%	+31.2%	+63.7%	+50.6%	-32.3%	-23.3%	+17.8%	+8.6%	-3.0%	-14.7%	+106.9%	-17.5%	-8.9%	+15.0%	+0.4%	+2.8%

*1 Securities report (yuka shoken hokokusho), as filed

Key ratios Operating margin Net margin ROE Equity ratio

Profitability and balance-sheet strength (%). ROE uses year-end equity.

Ratios by fiscal year (%), with the year-on-year move in percentage points. Derived from the filed figures above.
Fiscal year	Unit	2002 ^*1 FYE Mar	2003 ^*1 FYE Mar	2004 ^*1 FYE Mar	2005 ^*1 FYE Mar	2006 ^*1 FYE Mar	2007 ^*1 FYE Mar	2008 ^*1 FYE Mar	2009 ^*1 FYE Mar	2010 ^*1 FYE Mar	2011 ^*1 FYE Mar	2012 ^*1 FYE Mar	2013 ^*1 FYE Mar	2014 ^*1 FYE Mar	2015 ^*1 FYE Mar	2016 ^*1 FYE Mar	2017 ^*1 FYE Mar	2018 ^*1 FYE Mar	2019 ^*1 FYE Mar	2020 ^*1 FYE Mar	2021 ^*1 FYE Mar	2022 ^*1 FYE Mar	2023 ^*1 FYE Mar	2024 ^*1 FYE Mar	2025 ^*1 FYE Mar	2026 ^*1 FYE Mar
Operating margin	%	—	—	—	—	8.7%	9.7%	9.3%	1.8%	0.3%	4.6%	3.8%	1.3%	5.2%	6.2%	6.7%	5.2%	5.3%	3.7%	1.2%	-0.6%	1.1%	2.2%	3.4%	2.8%	3.8%
Change	pp	—	—	—	—	—	+1.0pp	-0.4pp	-7.5pp	-1.5pp	+4.3pp	-0.8pp	-2.5pp	+3.9pp	+1.0pp	+0.5pp	-1.5pp	+0.1pp	-1.6pp	-2.5pp	-1.8pp	+1.7pp	+1.1pp	+1.2pp	-0.6pp	+1.0pp
Net margin	%	0.0%	0.8%	3.1%	4.3%	4.5%	5.6%	5.1%	-1.7%	-0.4%	2.7%	1.1%	-2.6%	-2.3%	3.3%	2.1%	0.4%	2.7%	-0.9%	-6.7%	-2.1%	1.1%	1.3%	1.3%	-2.9%	1.6%
Change	pp	—	+0.8pp	+2.3pp	+1.2pp	+0.2pp	+1.1pp	-0.5pp	-6.8pp	+1.3pp	+3.1pp	-1.6pp	-3.7pp	+0.3pp	+5.6pp	-1.2pp	-1.7pp	+2.3pp	-3.6pp	-5.8pp	+4.6pp	+3.2pp	+0.2pp	0.0pp	-4.2pp	+4.5pp
ROE	%	-0.1%	2.0%	7.7%	10.6%	10.7%	12.9%	13.1%	-5.1%	-1.0%	7.2%	2.8%	-6.7%	-6.9%	9.5%	6.5%	1.2%	8.0%	-3.0%	-28.2%	-6.8%	3.7%	4.7%	4.0%	-10.2%	4.3%
Change	pp	—	+2.1pp	+5.7pp	+2.9pp	+0.1pp	+2.2pp	+0.2pp	-18.2pp	+4.1pp	+8.2pp	-4.4pp	-9.5pp	-0.2pp	+16.4pp	-3.0pp	-5.3pp	+6.8pp	-11.0pp	-25.2pp	+21.4pp	+10.5pp	+1.0pp	-0.7pp	-14.2pp	+14.5pp
Equity ratio	%	29.9%	28.9%	31.0%	30.6%	32.6%	34.2%	33.3%	28.2%	32.2%	31.6%	30.6%	27.6%	25.2%	28.6%	29.3%	28.8%	30.2%	27.4%	20.6%	20.4%	23.1%	25.4%	29.0%	27.2%	33.8%
Change	pp	—	-1.0pp	+2.1pp	-0.4pp	+2.0pp	+1.6pp	-0.9pp	-5.1pp	+4.0pp	-0.6pp	-1.0pp	-3.0pp	-2.4pp	+3.4pp	+0.7pp	-0.5pp	+1.4pp	-2.8pp	-6.8pp	-0.2pp	+2.7pp	+2.3pp	+3.6pp	-1.8pp	+6.6pp

*1 Securities report (yuka shoken hokokusho), as filed

Revenue in US dollars Revenue (US$m)

The revenue line above, converted at the average ¥/US$ rate of each figure’s own year — never today’s.

Between 1957–2026, NTN’s revenue grew 188-fold in yen (7.9% a year). Converted at each year’s own average rate, the same span is 428-fold in dollars (9.2% a year), from $12m to $5.2bn. The dollar figure grew faster because the yen was stronger at the end of the period than at the start — a yen of revenue in 2026 bought more dollars than one in 1957.

Revenue in millions of US dollars, converted at each year’s own average rate, with the yen figure as filed and the rate applied.
Fiscal year	Unit	1957 ^*1 FYE Aug	1958 ^*1 FYE Feb	1959 ^*1 FYE Aug	1960 ^*1 FYE Feb	1961 ^*1 FYE Mar	1962 ^*1 FYE Mar	1963 ^*1 FYE Mar	1964 ^*1 FYE Mar	1965 ^*1 FYE Mar	1966 ^*1 FYE Mar	1967 ^*1 FYE Mar	1968 ^*1 FYE Mar	1969 ^*1 FYE Mar	1970 ^*1 FYE Mar	1971 ^*1 FYE Mar	1972 ^*2 FYE Mar	1973 ^*3 FYE Mar	1974 ^*3 FYE Mar	1975 ^*3 FYE Mar	1976 ^*3 FYE Mar	1977 ^*3 FYE Mar	1978 ^*3 FYE Mar	1979 ^*3 FYE Mar	1980 ^*4 FYE Mar	1981 ^*4 FYE Mar	1982 ^*4 FYE Mar	1983 ^*4 FYE Mar	1984 ^*4 FYE Mar	1985 ^*4 FYE Mar	1992 ^*4 FYE Mar	1993 ^*4 FYE Mar	1994 ^*4 FYE Mar	1995 ^*4 FYE Mar	1996 ^*4 FYE Mar	1997 ^*4 FYE Mar	1998 ^*4 FYE Mar	1999 ^*4 FYE Mar	2000 ^*4 FYE Mar	2001 ^*4 FYE Mar	2002 ^*4 FYE Mar	2003 ^*4 FYE Mar	2004 ^*4 FYE Mar	2005 ^*4 FYE Mar	2006 ^*4 FYE Mar	2007 ^*4 FYE Mar	2008 ^*4 FYE Mar	2009 ^*4 FYE Mar	2010 ^*4 FYE Mar	2011 ^*4 FYE Mar	2012 ^*4 FYE Mar	2013 ^*4 FYE Mar	2014 ^*4 FYE Mar	2015 ^*4 FYE Mar	2016 ^*4 FYE Mar	2017 ^*4 FYE Mar	2018 ^*4 FYE Mar	2019 ^*4 FYE Mar	2020 ^*4 FYE Mar	2021 ^*4 FYE Mar	2022 ^*4 FYE Mar	2023 ^*4 FYE Mar	2024 ^*4 FYE Mar	2025 ^*4 FYE Mar	2026 ^*4,5 FYE Mar
Revenue	USD	$12m	$15m	$13m	$18m	$29m	$38m	$37m	$39m	$46m	$43m	$52m	$73m	$94m	$126m	$160m	$189m	$239m	$286m	$368m	$335m	$366m	$522m	$513m	$657m	$808m	$762m	$778m	$856m	$992m	$2.6bn	$2.8bn	$2.8bn	$3.2bn	$2.8bn	$2.7bn	$2.7bn	$2.9bn	$3.0bn	$2.8bn	$2.6bn	$3.0bn	$3.3bn	$3.5bn	$3.7bn	$4.1bn	$5.2bn	$5.6bn	$5.2bn	$6.6bn	$6.8bn	$5.5bn	$6.0bn	$5.8bn	$6.6bn	$6.1bn	$6.7bn	$6.7bn	$6.1bn	$5.1bn	$4.9bn	$5.5bn	$5.5bn	$5.5bn	$5.2bn
YoY	%	—	+24.1%	-16.9%	+40.4%	+65.1%	+29.5%	-2.9%	+5.3%	+18.7%	-6.7%	+22.1%	+39.9%	+29.3%	+33.5%	+26.7%	+18.3%	+26.5%	+19.8%	+28.4%	-9.0%	+9.3%	+42.7%	-1.6%	+28.0%	+22.9%	-5.7%	+2.2%	+10.0%	+15.9%	—	+9.0%	+0.1%	+14.9%	-12.6%	-3.5%	-1.9%	+7.7%	+5.9%	-7.5%	-7.6%	+14.2%	+11.7%	+6.7%	+6.1%	+9.9%	+25.8%	+9.1%	-8.5%	+28.8%	+2.5%	-18.8%	+9.2%	-3.9%	+13.6%	-7.5%	+10.7%	-0.2%	-9.3%	-16.0%	-4.7%	+12.7%	+0.2%	-0.1%	-5.3%
Revenue as filed	JPY	¥4.4bn	¥5.5bn	¥4.5bn	¥6.4bn	¥11bn	¥14bn	¥13bn	¥14bn	¥17bn	¥15bn	¥19bn	¥26bn	¥34bn	¥45bn	¥58bn	¥58bn	¥66bn	¥84bn	¥110bn	¥98bn	¥94bn	¥105bn	¥118bn	¥149bn	¥178bn	¥190bn	¥185bn	¥203bn	¥237bn	¥324bn	¥310bn	¥286bn	¥302bn	¥305bn	¥328bn	¥348bn	¥326bn	¥326bn	¥341bn	¥324bn	¥343bn	¥357bn	¥388bn	¥435bn	¥484bn	¥534bn	¥527bn	¥453bn	¥530bn	¥543bn	¥540bn	¥639bn	¥702bn	¥717bn	¥684bn	¥745bn	¥734bn	¥652bn	¥563bn	¥642bn	¥774bn	¥836bn	¥826bn	¥826bn
Rate applied	¥/US$	¥360.00	¥360.00	¥360.00	¥360.00	¥360.00	¥360.00	¥360.00	¥360.00	¥360.00	¥360.00	¥360.00	¥360.00	¥360.00	¥360.00	¥360.00	¥308.00	¥274.00	¥293.00	¥299.00	¥292.00	¥257.00	¥201.00	¥230.00	¥226.69	¥220.55	¥249.06	¥237.48	¥237.53	¥238.53	¥126.67	¥111.18	¥102.22	¥94.05	¥108.77	¥121.02	¥130.89	¥113.84	¥107.74	¥121.52	¥125.28	¥115.92	¥108.16	¥110.15	¥116.28	¥117.77	¥103.33	¥93.53	¥87.77	¥79.78	¥79.79	¥97.60	¥105.84	¥121.02	¥108.84	¥112.16	¥110.40	¥109.01	¥106.78	¥109.78	¥131.37	¥140.51	¥151.50	¥149.65	¥158.16

*1 1949-1971: Fixed Bretton Woods peg ¥360/$ (Dodge Line 1949; Smithsonian ¥308 from Dec 1971).
*2 1972: Smithsonian peg ¥308/$ (held until Feb 1973 float).
*3 1973-1979: JIL (Japan Institute for Labour Policy and Training) g0001.xlsx — fiscal-year (Apr–Mar) basis, integer-rounded. PROVISIONAL; upgrade to BOJ FXERM07 calendar-year later.
*4 1980-2026: Bank of Japan stat-search FM08'FXERM07 (Tokyo market, USD/JPY spot, 17:00 fixing, monthly average) — calendar-year average of monthly averages.
*5 Provisional — part-year average, not a full calendar year.

Every rate used, and where it comes from →

Reporting basis

Which accounting standard each stretch of the series was filed under, and whether the accounts are consolidated.

The series crosses 2 reporting regimes — parent-only Japanese GAAP for 1957–1985; and consolidated Japanese GAAP for 1992–2026. Figures are not strictly comparable across a change of basis: consolidation in particular adds subsidiaries that were previously outside the accounts.

Reporting regimes across the long series, oldest first.
Fiscal years	Standard	Basis	Years
1957–1985	Japanese GAAP	parent-only	29
1992–2026	Japanese GAAP	consolidated	35

Download the long-term series (CSV) → Compiled from securities reports and other public filings. We do not guarantee accuracy or currency, and do not track post-filing corrections. Check the primary sources before relying on these figures.

All figures are in Japanese yen as filed. Where a foreign-currency comparison is needed elsewhere on this site, yen amounts are converted at the average rate of each figure's own year — not today's rate. Exchange rates & sources →

Read the company history → 日本語版（詳細）— full financial data in Japanese →

Data API

NTN’s history, financials, executives and shareholders are published as static JSON — no key, plain GET. Full specification →

/api/6472/manifest.json ·/api/6472/history.json ·/api/6472/timeline.json ·/api/6472/decisions.json ·/api/6472/executives.json ·/api/6472/shareholders.json ·/api/6472/financials.json ·/api/6472/financials-longterm.json ·/api/6472/segments.json ·/api/6472/regions.json ·/api/6472/workforce.json · /api/6472/decisions/{slug}.json

/api/companies.json ·/api/decisions.json