Financials

NTN: FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥826bnYoY +0.1%

FYE Mar 2026 · Operating profit¥31bnYoY +35.2%

FYE Mar 2026 · Net profit¥13bn

FYE Mar 2026 · Equity ratio33.8%YoY +6.6pp

FYE Mar 2026 · Group employees21,305YoY −691

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥684bn	n/a	¥36bn	n/a	5.2%	¥2.8bn	Okubo Hiroshi	—
FYE Mar 2018Consolidated	¥745bn	+8.9%	¥40bn	+11.2%	5.3%	¥20bn	Okubo Hiroshi	—
FYE Mar 2019Consolidated	¥734bn	−1.5%	¥27bn	−32.0%	3.7%	-¥7.0bn	Okubo Hiroshi	—
FYE Mar 2020Consolidated	¥652bn	−11.2%	¥7.5bn	−72.1%	1.2%	-¥44bn	Okubo Hiroshi	Extraordinary losses of ¥19.3bn and a net loss of ¥7.0bn; a nominating-committee board from June
FYE Mar 2021Consolidated	¥563bn	−13.7%	-¥3.1bn	−141.7%	-0.6%	-¥12bn	Okubo Hiroshi	A net loss of ¥44.0bn, among the largest in the company history, on ¥34.2bn of impairments
FYE Mar 2022Consolidated	¥642bn	+14.1%	¥6.9bn	n/a	1.1%	¥7.3bn	Okubo Hiroshi	A second consecutive loss under the pandemic; <a class="en-history_person" href="/tse/6472/executives/ceo/ukai-eiichi/" hreflang="ja">Ukai Eiichi</a> becomes president in April
FYE Mar 2023Consolidated	¥774bn	+20.6%	¥17bn	+149.2%	2.2%	¥10bn	Ukai Eiichi	Moves to the Prime Market of the Tokyo Stock Exchange
FYE Mar 2024Consolidated	¥836bn	+8.1%	¥28bn	+64.2%	3.4%	¥11bn	Ukai Eiichi	DRIVE NTN100 Phase 2 ends short of its operating-margin, inventory-turnover and ROE targets
FYE Mar 2025Consolidated	¥826bn	−1.3%	¥23bn	−18.4%	2.8%	-¥24bn	Ukai Eiichi	—
FYE Mar 2026Consolidated	¥826bn	+0.1%	¥31bn	+35.2%	3.8%	¥13bn	Ukai Eiichi	—

How it compares

NSK¥912bnFY2025Operating margin 4.3%

NTN¥826bnFY2025Operating margin 3.8%

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

Where the revenue goes

¥ bn

Cost of sales SG&A Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥826bn

CAGR · 10 yrs +2.1%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	684	n/a	Cons. · Japanese GAAP
FYE Mar 2018	745	+8.9%	Cons. · Japanese GAAP
FYE Mar 2019	734	−1.5%	Cons. · Japanese GAAP
FYE Mar 2020	652	−11.2%	Cons. · Japanese GAAP
FYE Mar 2021	563	−13.7%	Cons. · Japanese GAAP
FYE Mar 2022	642	+14.1%	Cons. · Japanese GAAP
FYE Mar 2023	774	+20.6%	Cons. · Japanese GAAP
FYE Mar 2024	836	+8.1%	Cons. · Japanese GAAP
FYE Mar 2025	826	−1.3%	Cons. · Japanese GAAP
FYE Mar 2026	826	+0.1%	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 ¥675bn

CAGR · 10 yrs +2.2%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	556	n/a	Cons. · Japanese GAAP
FYE Mar 2018	604	+8.6%	Cons. · Japanese GAAP
FYE Mar 2019	603	−0.1%	Cons. · Japanese GAAP
FYE Mar 2020	549	−8.9%	Cons. · Japanese GAAP
FYE Mar 2021	478	−13.1%	Cons. · Japanese GAAP
FYE Mar 2022	536	+12.2%	Cons. · Japanese GAAP
FYE Mar 2023	648	+20.9%	Cons. · Japanese GAAP
FYE Mar 2024	691	+6.6%	Cons. · Japanese GAAP
FYE Mar 2025	684	−1.0%	Cons. · Japanese GAAP
FYE Mar 2026	675	−1.4%	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 ¥152bn

CAGR · 10 yrs +1.9%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	128	n/a	Cons. · Japanese GAAP
FYE Mar 2018	141	+10.3%	Cons. · Japanese GAAP
FYE Mar 2019	130	−7.3%	Cons. · Japanese GAAP
FYE Mar 2020	103	−21.4%	Cons. · Japanese GAAP
FYE Mar 2021	85.2	−16.9%	Cons. · Japanese GAAP
FYE Mar 2022	106	+24.4%	Cons. · Japanese GAAP
FYE Mar 2023	126	+18.8%	Cons. · Japanese GAAP
FYE Mar 2024	145	+15.4%	Cons. · Japanese GAAP
FYE Mar 2025	141	−2.7%	Cons. · Japanese GAAP
FYE Mar 2026	152	+7.4%	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 ¥121bn

CAGR · 10 yrs +3.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	92.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	101	+10.0%	Cons. · Japanese GAAP
FYE Mar 2019	104	+2.4%	Cons. · Japanese GAAP
FYE Mar 2020	95.0	−8.2%	Cons. · Japanese GAAP
FYE Mar 2021	88.3	−7.1%	Cons. · Japanese GAAP
FYE Mar 2022	99.1	+12.2%	Cons. · Japanese GAAP
FYE Mar 2023	109	+9.8%	Cons. · Japanese GAAP
FYE Mar 2024	117	+7.7%	Cons. · Japanese GAAP
FYE Mar 2025	118	+1.1%	Cons. · Japanese GAAP
FYE Mar 2026	121	+2.0%	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 ¥31bn

CAGR · 10 yrs −1.5%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	35.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	39.6	+11.2%	Cons. · Japanese GAAP
FYE Mar 2019	26.9	−32.0%	Cons. · Japanese GAAP
FYE Mar 2020	7.5	−72.1%	Cons. · Japanese GAAP
FYE Mar 2021	-3.1	−141.7%	Cons. · Japanese GAAP
FYE Mar 2022	6.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	17.1	+149.2%	Cons. · Japanese GAAP
FYE Mar 2024	28.1	+64.2%	Cons. · Japanese GAAP
FYE Mar 2025	23.0	−18.4%	Cons. · Japanese GAAP
FYE Mar 2026	31.0	+35.2%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥4.7bn

CAGR · 10 yrs −1.2%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	5.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.4	−15.4%	Cons. · Japanese GAAP
FYE Mar 2019	5.7	+28.9%	Cons. · Japanese GAAP
FYE Mar 2020	4.6	−19.6%	Cons. · Japanese GAAP
FYE Mar 2021	7.6	+67.0%	Cons. · Japanese GAAP
FYE Mar 2022	7.5	−2.3%	Cons. · Japanese GAAP
FYE Mar 2023	7.4	−0.6%	Cons. · Japanese GAAP
FYE Mar 2024	5.6	−24.4%	Cons. · Japanese GAAP
FYE Mar 2025	5.9	+5.1%	Cons. · Japanese GAAP
FYE Mar 2026	4.7	−20.6%	Cons. · Japanese GAAP

Definition: Income from outside the core business
Formula: Non-operating income line of the income statement
Source: Securities report (XBRL)

Non-operating expenses

FYE Mar 2026 ¥12bn

CAGR · 10 yrs +0.9%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	11.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.8	+13.7%	Cons. · Japanese GAAP
FYE Mar 2019	10.4	−18.6%	Cons. · Japanese GAAP
FYE Mar 2020	13.8	+32.6%	Cons. · Japanese GAAP
FYE Mar 2021	10.2	−25.7%	Cons. · Japanese GAAP
FYE Mar 2022	7.5	−26.5%	Cons. · Japanese GAAP
FYE Mar 2023	12.5	+66.2%	Cons. · Japanese GAAP
FYE Mar 2024	13.8	+9.9%	Cons. · Japanese GAAP
FYE Mar 2025	18.4	+33.6%	Cons. · Japanese GAAP
FYE Mar 2026	12.2	−33.5%	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 ¥23bn

CAGR · 10 yrs −2.5%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	29.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	31.3	+5.6%	Cons. · Japanese GAAP
FYE Mar 2019	22.2	−28.9%	Cons. · Japanese GAAP
FYE Mar 2020	-1.7	−107.6%	Cons. · Japanese GAAP
FYE Mar 2021	-5.7	n/a	Cons. · Japanese GAAP
FYE Mar 2022	6.8	n/a	Cons. · Japanese GAAP
FYE Mar 2023	12.0	+76.8%	Cons. · Japanese GAAP
FYE Mar 2024	20.0	+66.0%	Cons. · Japanese GAAP
FYE Mar 2025	10.5	−47.6%	Cons. · Japanese GAAP
FYE Mar 2026	23.5	+124.2%	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 ¥3.1bn

CAGR · 8 yrs +5.3%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	2.1	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	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	11.5	+479.2%	Cons. · Japanese GAAP
FYE Mar 2022	14.3	+25.0%	Cons. · Japanese GAAP
FYE Mar 2023	1.7	−88.0%	Cons. · Japanese GAAP
FYE Mar 2024	4.6	+166.0%	Cons. · Japanese GAAP
FYE Mar 2025	0.7	−83.6%	Cons. · Japanese GAAP
FYE Mar 2026	3.1	+311.5%	Cons. · Japanese GAAP

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

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥13bn

CAGR · 10 yrs +18.3%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	2.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.4	+619.9%	Cons. · Japanese GAAP
FYE Mar 2019	-7.0	−134.2%	Cons. · Japanese GAAP
FYE Mar 2020	-44.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-11.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	7.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	10.4	+41.2%	Cons. · Japanese GAAP
FYE Mar 2024	10.6	+1.9%	Cons. · Japanese GAAP
FYE Mar 2025	-23.8	−325.2%	Cons. · Japanese GAAP
FYE Mar 2026	12.9	n/a	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 18.4%

Average · 10 yrs 17.2%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	18.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.9	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	17.8	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2020	15.7	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2021	15.1	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	16.5	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2023	16.3	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	17.4	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	17.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	18.4	+1.2pp	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 3.8%

Average · 10 yrs 2.8%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	5.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.3	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	3.7	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	1.2	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2021	-0.6	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2022	1.1	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	2.2	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	3.4	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	2.8	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	3.8	+1.0pp	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 2.8%

Average · 10 yrs 1.9%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	4.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.2	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	3.0	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	-0.3	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2021	-1.0	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	1.1	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2023	1.6	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	2.4	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	1.3	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	2.8	+1.6pp	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 1.6%

Average · 10 yrs -0.4%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.7	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2019	-0.9	−3.7pp	Cons. · Japanese GAAP
FYE Mar 2020	-6.7	−5.8pp	Cons. · Japanese GAAP
FYE Mar 2021	-2.1	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2022	1.1	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2023	1.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	1.3	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	-2.9	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2026	1.6	+4.4pp	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 81.6%

Average · 10 yrs 82.8%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	81.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	81.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	82.2	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2020	84.3	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2021	84.9	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	83.5	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2023	83.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	82.6	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	82.9	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	81.6	−1.2pp	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 14.6%

Average · 10 yrs 14.4%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	13.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.6	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	14.1	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	14.6	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	15.7	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	15.4	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	14.1	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	14.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	14.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	14.6	+0.3pp	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 ¥879bn

CAGR · 10 yrs +1.1%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	797	n/a	Cons. · Japanese GAAP
FYE Mar 2018	839	+5.3%	Cons. · Japanese GAAP
FYE Mar 2019	841	+0.2%	Cons. · Japanese GAAP
FYE Mar 2020	758	−9.9%	Cons. · Japanese GAAP
FYE Mar 2021	837	+10.4%	Cons. · Japanese GAAP
FYE Mar 2022	855	+2.3%	Cons. · Japanese GAAP
FYE Mar 2023	870	+1.7%	Cons. · Japanese GAAP
FYE Mar 2024	910	+4.6%	Cons. · Japanese GAAP
FYE Mar 2025	856	−5.9%	Cons. · Japanese GAAP
FYE Mar 2026	879	+2.6%	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 ¥297bn

CAGR · 10 yrs +2.9%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	229	n/a	Cons. · Japanese GAAP
FYE Mar 2018	253	+10.5%	Cons. · Japanese GAAP
FYE Mar 2019	230	−9.2%	Cons. · Japanese GAAP
FYE Mar 2020	156	−32.2%	Cons. · Japanese GAAP
FYE Mar 2021	171	+9.2%	Cons. · Japanese GAAP
FYE Mar 2022	198	+16.0%	Cons. · Japanese GAAP
FYE Mar 2023	221	+11.5%	Cons. · Japanese GAAP
FYE Mar 2024	264	+19.8%	Cons. · Japanese GAAP
FYE Mar 2025	233	−11.9%	Cons. · Japanese GAAP
FYE Mar 2026	297	+27.5%	Cons. · Japanese GAAP

Definition: The part of the funding that never has to be repaid
Formula: Net assets line of the balance sheet
Source: Securities report (XBRL)

Interest-bearing debt

FYE Mar 2026 ¥289bn

CAGR · 10 yrs −0.4%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	300	n/a	Cons. · Japanese GAAP
FYE Mar 2018	291	−3.1%	Cons. · Japanese GAAP
FYE Mar 2019	320	+10.1%	Cons. · Japanese GAAP
FYE Mar 2020	332	+3.8%	Cons. · Japanese GAAP
FYE Mar 2021	343	+3.1%	Cons. · Japanese GAAP
FYE Mar 2022	314	−8.4%	Cons. · Japanese GAAP
FYE Mar 2023	291	−7.2%	Cons. · Japanese GAAP
FYE Mar 2024	260	−10.8%	Cons. · Japanese GAAP
FYE Mar 2025	262	+0.8%	Cons. · Japanese GAAP
FYE Mar 2026	289	+10.4%	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 ¥136bn

CAGR · 10 yrs +0.2%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	133	n/a	Cons. · Japanese GAAP
FYE Mar 2018	119	−10.8%	Cons. · Japanese GAAP
FYE Mar 2019	96.4	−18.9%	Cons. · Japanese GAAP
FYE Mar 2020	117	+21.6%	Cons. · Japanese GAAP
FYE Mar 2021	122	+3.9%	Cons. · Japanese GAAP
FYE Mar 2022	134	+10.2%	Cons. · Japanese GAAP
FYE Mar 2023	162	+20.6%	Cons. · Japanese GAAP
FYE Mar 2024	126	−22.4%	Cons. · Japanese GAAP
FYE Mar 2025	141	+12.4%	Cons. · Japanese GAAP
FYE Mar 2026	136	−3.7%	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 ¥153bn

CAGR · 10 yrs −0.9%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	167	n/a	Cons. · Japanese GAAP
FYE Mar 2018	172	+3.0%	Cons. · Japanese GAAP
FYE Mar 2019	224	+30.3%	Cons. · Japanese GAAP
FYE Mar 2020	215	−3.9%	Cons. · Japanese GAAP
FYE Mar 2021	221	+2.7%	Cons. · Japanese GAAP
FYE Mar 2022	180	−18.6%	Cons. · Japanese GAAP
FYE Mar 2023	129	−28.1%	Cons. · Japanese GAAP
FYE Mar 2024	134	+3.8%	Cons. · Japanese GAAP
FYE Mar 2025	121	−10.1%	Cons. · Japanese GAAP
FYE Mar 2026	153	+26.9%	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 +21.0%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	20.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.0	+50.0%	Cons. · Japanese GAAP
FYE Mar 2019	30.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	30.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2021	80.0	+166.7%	Cons. · Japanese GAAP
FYE Mar 2022	80.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2023	80.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	102	+27.6%	Cons. · Japanese GAAP
FYE Mar 2025	92.0	−9.8%	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 ¥26bn

CAGR · 10 yrs +5.9%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	15.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.0	+58.6%	Cons. · Japanese GAAP
FYE Mar 2019	31.3	+25.1%	Cons. · Japanese GAAP
FYE Mar 2020	37.4	+19.4%	Cons. · Japanese GAAP
FYE Mar 2021	40.4	+7.8%	Cons. · Japanese GAAP
FYE Mar 2022	44.0	+9.1%	Cons. · Japanese GAAP
FYE Mar 2023	39.9	−9.4%	Cons. · Japanese GAAP
FYE Mar 2024	35.4	−11.2%	Cons. · Japanese GAAP
FYE Mar 2025	29.8	−16.0%	Cons. · Japanese GAAP
FYE Mar 2026	26.5	−11.1%	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 n/a

CAGR · 3 yrs −11.5%

Fiscal year	Goodwill ¥ 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	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	1.8	−10.8%	Cons. · Japanese GAAP
FYE Mar 2024	1.6	−12.1%	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	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 33.8%

Average · 10 yrs 26.6%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	28.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.2	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	27.4	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2020	20.6	−6.8pp	Cons. · Japanese GAAP
FYE Mar 2021	20.4	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	23.1	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2023	25.4	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2024	29.0	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2025	27.2	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2026	33.8	+6.6pp	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 97.4%

Average · 10 yrs 139.8%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	130.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	114.8	−16.2pp	Cons. · Japanese GAAP
FYE Mar 2019	139.2	+24.4pp	Cons. · Japanese GAAP
FYE Mar 2020	212.9	+73.7pp	Cons. · Japanese GAAP
FYE Mar 2021	201.0	−11.8pp	Cons. · Japanese GAAP
FYE Mar 2022	158.7	−42.3pp	Cons. · Japanese GAAP
FYE Mar 2023	132.0	−26.7pp	Cons. · Japanese GAAP
FYE Mar 2024	98.4	−33.7pp	Cons. · Japanese GAAP
FYE Mar 2025	112.5	+14.1pp	Cons. · Japanese GAAP
FYE Mar 2026	97.4	−15.1pp	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 4.3%

Average · 10 yrs -2.2%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	1.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.0	+6.8pp	Cons. · Japanese GAAP
FYE Mar 2019	-3.0	−11.1pp	Cons. · Japanese GAAP
FYE Mar 2020	-28.2	−25.1pp	Cons. · Japanese GAAP
FYE Mar 2021	-6.8	+21.3pp	Cons. · Japanese GAAP
FYE Mar 2022	3.7	+10.5pp	Cons. · Japanese GAAP
FYE Mar 2023	4.7	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	4.0	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	-10.2	−14.2pp	Cons. · Japanese GAAP
FYE Mar 2026	4.3	+14.6pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 1.5%

Average · 10 yrs -0.3%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.4	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2019	-0.8	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2020	-5.8	−5.0pp	Cons. · Japanese GAAP
FYE Mar 2021	-1.4	+4.4pp	Cons. · Japanese GAAP
FYE Mar 2022	0.9	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2023	1.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	1.2	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	-2.8	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2026	1.5	+4.2pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.94×

CAGR · 10 yrs +1.0%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.86	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.89	+3.4%	Cons. · Japanese GAAP
FYE Mar 2019	0.87	−1.6%	Cons. · Japanese GAAP
FYE Mar 2020	0.86	−1.4%	Cons. · Japanese GAAP
FYE Mar 2021	0.67	−21.8%	Cons. · Japanese GAAP
FYE Mar 2022	0.75	+11.5%	Cons. · Japanese GAAP
FYE Mar 2023	0.89	+18.6%	Cons. · Japanese GAAP
FYE Mar 2024	0.92	+3.3%	Cons. · Japanese GAAP
FYE Mar 2025	0.96	+4.9%	Cons. · Japanese GAAP
FYE Mar 2026	0.94	−2.4%	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 ¥57bn

CAGR · 10 yrs −1.0%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	62.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	61.8	−0.9%	Cons. · Japanese GAAP
FYE Mar 2019	43.2	−30.1%	Cons. · Japanese GAAP
FYE Mar 2020	43.7	+1.2%	Cons. · Japanese GAAP
FYE Mar 2021	36.5	−16.6%	Cons. · Japanese GAAP
FYE Mar 2022	9.0	−75.4%	Cons. · Japanese GAAP
FYE Mar 2023	34.2	+282.1%	Cons. · Japanese GAAP
FYE Mar 2024	65.1	+90.3%	Cons. · Japanese GAAP
FYE Mar 2025	45.6	−29.9%	Cons. · Japanese GAAP
FYE Mar 2026	57.2	+25.3%	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 -¥26bn

Average · 10 yrs -¥32bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-41.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-48.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-65.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-61.8	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-17.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	2.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-13.9	−651.7%	Cons. · Japanese GAAP
FYE Mar 2024	-25.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-26.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-26.3	n/a	Cons. · Japanese GAAP

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

Financing cash flow

FYE Mar 2026 -¥35bn

Average · 10 yrs -¥9.2bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-8.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-7.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	20.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	7.4	−64.3%	Cons. · Japanese GAAP
FYE Mar 2021	54.7	+637.5%	Cons. · Japanese GAAP
FYE Mar 2022	-41.3	−175.5%	Cons. · Japanese GAAP
FYE Mar 2023	-33.3	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-30.2	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-18.7	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-35.3	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 ¥131bn

CAGR · 10 yrs +5.8%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	79.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	86.1	+8.6%	Cons. · Japanese GAAP
FYE Mar 2019	83.5	−3.0%	Cons. · Japanese GAAP
FYE Mar 2020	71.2	−14.7%	Cons. · Japanese GAAP
FYE Mar 2021	147	+106.9%	Cons. · Japanese GAAP
FYE Mar 2022	121	−17.5%	Cons. · Japanese GAAP
FYE Mar 2023	111	−8.9%	Cons. · Japanese GAAP
FYE Mar 2024	127	+15.0%	Cons. · Japanese GAAP
FYE Mar 2025	128	+0.4%	Cons. · Japanese GAAP
FYE Mar 2026	131	+2.8%	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 ¥31bn

CAGR · 10 yrs +4.3%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	21.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.4	−36.5%	Cons. · Japanese GAAP
FYE Mar 2019	-22.4	−266.6%	Cons. · Japanese GAAP
FYE Mar 2020	-18.1	n/a	Cons. · Japanese GAAP
FYE Mar 2021	18.5	n/a	Cons. · Japanese GAAP
FYE Mar 2022	11.5	−38.1%	Cons. · Japanese GAAP
FYE Mar 2023	20.4	+77.5%	Cons. · Japanese GAAP
FYE Mar 2024	40.1	+97.1%	Cons. · Japanese GAAP
FYE Mar 2025	19.7	−51.0%	Cons. · Japanese GAAP
FYE Mar 2026	30.9	+57.2%	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 6.9%

Average · 10 yrs 6.3%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	9.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.3	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	5.9	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2020	6.7	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	6.5	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	1.4	−5.1pp	Cons. · Japanese GAAP
FYE Mar 2023	4.4	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2024	7.8	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2025	5.5	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2026	6.9	+1.4pp	Cons. · Japanese GAAP

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

Net cash

FYE Mar 2026 -¥158bn

Average · 10 yrs -¥192bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-221	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-205	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-237	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-261	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-196	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-193	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-181	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-133	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-134	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-158	n/a	Cons. · Japanese GAAP

Definition: Cash on hand once the borrowings are paid off
Formula: Cash and equivalents − interest-bearing debt
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Mar 2026 ¥191bn

Change · 6 yrs −¥104bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	295	n/a
FYE Mar 2018	236	n/a
FYE Mar 2019	n/a	n/a
FYE Mar 2020	n/a	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	114	n/a
FYE Mar 2023	179	n/a
FYE Mar 2024	167	n/a
FYE Mar 2025	n/a	n/a
FYE Mar 2026	191	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 319¥

Change · 6 yrs −235¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	554	n/a
FYE Mar 2018	444	n/a
FYE Mar 2019	n/a	n/a
FYE Mar 2020	n/a	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	214	n/a
FYE Mar 2023	337	n/a
FYE Mar 2024	313	n/a
FYE Mar 2025	n/a	n/a
FYE Mar 2026	319	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 597,533,000shares

Change · 10 yrs +65,070,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	532,463,000	Parent
FYE Mar 2018	532,463,000	Parent
FYE Mar 2019	532,463,000	Parent
FYE Mar 2020	532,463,000	Parent
FYE Mar 2021	532,463,000	Parent
FYE Mar 2022	532,463,000	Parent
FYE Mar 2023	532,463,000	Parent
FYE Mar 2024	532,463,000	Parent
FYE Mar 2025	532,463,000	Parent
FYE Mar 2026	597,533,000	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 23.40¥

Change · 10 yrs +18.07¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	5.33	Cons.
FYE Mar 2018	38.36	Cons.
FYE Mar 2019	-13.10	Cons.
FYE Mar 2020	-82.83	Cons.
FYE Mar 2021	-21.92	Cons.
FYE Mar 2022	13.83	Cons.
FYE Mar 2023	19.53	Cons.
FYE Mar 2024	19.91	Cons.
FYE Mar 2025	-44.90	Cons.
FYE Mar 2026	23.40	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 496.87¥

Change · 10 yrs +66.33¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	430.54	Cons. · Japanese GAAP
FYE Mar 2018	475.91	Cons. · Japanese GAAP
FYE Mar 2019	432.25	Cons. · Japanese GAAP
FYE Mar 2020	293.27	Cons. · Japanese GAAP
FYE Mar 2021	320.26	Cons. · Japanese GAAP
FYE Mar 2022	371.58	Cons. · Japanese GAAP
FYE Mar 2023	414.41	Cons. · Japanese GAAP
FYE Mar 2024	496.43	Cons. · Japanese GAAP
FYE Mar 2025	437.38	Cons. · Japanese GAAP
FYE Mar 2026	496.87	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 13.63×

Average · 6 yrs 29.60×

Fiscal year	PER ×	Basis
FYE Mar 2017	103.94	Cons.
FYE Mar 2018	11.57	Cons.
FYE Mar 2019	n/a	Cons.
FYE Mar 2020	n/a	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	15.47	Cons.
FYE Mar 2023	17.26	Cons.
FYE Mar 2024	15.72	Cons.
FYE Mar 2025	n/a	Cons.
FYE Mar 2026	13.63	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 0.64×

Average · 6 yrs 0.81×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.28	Cons.
FYE Mar 2018	0.93	Cons.
FYE Mar 2019	n/a	Cons.
FYE Mar 2020	n/a	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	0.57	Cons.
FYE Mar 2023	0.81	Cons.
FYE Mar 2024	0.63	Cons.
FYE Mar 2025	n/a	Cons.
FYE Mar 2026	0.64	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 21,305people

Change · 10 yrs −3,360 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	24,665	n/a	Cons.
FYE Mar 2018	25,493	+3.4%	Cons.
FYE Mar 2019	24,988	−2.0%	Cons.
FYE Mar 2020	24,199	−3.2%	Cons.
FYE Mar 2021	23,292	−3.7%	Cons.
FYE Mar 2022	23,383	+0.4%	Cons.
FYE Mar 2023	23,027	−1.5%	Cons.
FYE Mar 2024	22,617	−1.8%	Cons.
FYE Mar 2025	21,996	−2.7%	Cons.
FYE Mar 2026	21,305	−3.1%	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 5,478people

Change · 10 yrs +177 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	5,301	n/a	Parent
FYE Mar 2018	5,382	+1.5%	Parent
FYE Mar 2019	5,892	+9.5%	Parent
FYE Mar 2020	5,953	+1.0%	Parent
FYE Mar 2021	5,948	−0.1%	Parent
FYE Mar 2022	5,756	−3.2%	Parent
FYE Mar 2023	5,647	−1.9%	Parent
FYE Mar 2024	5,572	−1.3%	Parent
FYE Mar 2025	5,581	+0.2%	Parent
FYE Mar 2026	5,478	−1.8%	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 746万円

Change · 10 yrs +49万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	697	n/a	Parent
FYE Mar 2018	715	+2.5%	Parent
FYE Mar 2019	732	+2.4%	Parent
FYE Mar 2020	698	−4.6%	Parent
FYE Mar 2021	635	−9.1%	Parent
FYE Mar 2022	665	+4.8%	Parent
FYE Mar 2023	700	+5.2%	Parent
FYE Mar 2024	707	+1.1%	Parent
FYE Mar 2025	724	+2.4%	Parent
FYE Mar 2026	746	+3.0%	Parent

Definition: Average total annual compensation, bonuses included
Formula: Average annual pay, from the employee section of the filing
Source: Securities report (XBRL)

Average age

FYE Mar 2026 41.7years

Change · 8 yrs +0.7 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	41.0	n/a	Parent
FYE Mar 2020	41.2	+0.5%	Parent
FYE Mar 2021	41.4	+0.5%	Parent
FYE Mar 2022	41.8	+1.0%	Parent
FYE Mar 2023	42.2	+1.0%	Parent
FYE Mar 2024	42.2	−0.0%	Parent
FYE Mar 2025	42.1	−0.2%	Parent
FYE Mar 2026	41.7	−1.0%	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 19.6years

Change · 10 yrs +2.1 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	17.5	n/a	Parent
FYE Mar 2018	18.6	+6.3%	Parent
FYE Mar 2019	19.0	+2.2%	Parent
FYE Mar 2020	19.3	+1.6%	Parent
FYE Mar 2021	19.5	+1.0%	Parent
FYE Mar 2022	19.9	+2.1%	Parent
FYE Mar 2023	20.3	+2.0%	Parent
FYE Mar 2024	20.2	−0.5%	Parent
FYE Mar 2025	20.1	−0.5%	Parent
FYE Mar 2026	19.6	−2.5%	Parent

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

Revenue per employee

FYE Mar 2026 ¥38.8m

Change · 10 yrs +¥11.1m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	27.7	n/a	Cons.
FYE Mar 2018	29.2	+5.4%	Cons.
FYE Mar 2019	29.4	+0.5%	Cons.
FYE Mar 2020	26.9	−8.3%	Cons.
FYE Mar 2021	24.2	−10.3%	Cons.
FYE Mar 2022	27.5	+13.6%	Cons.
FYE Mar 2023	33.6	+22.4%	Cons.
FYE Mar 2024	37.0	+10.0%	Cons.
FYE Mar 2025	37.5	+1.5%	Cons.
FYE Mar 2026	38.8	+3.3%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥1.5m

Change · 10 yrs +¥0.0m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	1.4	n/a	Cons.
FYE Mar 2018	1.6	+7.6%	Cons.
FYE Mar 2019	1.1	−30.6%	Cons.
FYE Mar 2020	0.3	−71.2%	Cons.
FYE Mar 2021	-0.1	−143.4%	Cons.
FYE Mar 2022	0.3	n/a	Cons.
FYE Mar 2023	0.7	+153.1%	Cons.
FYE Mar 2024	1.2	+67.2%	Cons.
FYE Mar 2025	1.0	−16.1%	Cons.
FYE Mar 2026	1.5	+39.6%	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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