Financials

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

FYE Mar 2026 · Revenue¥609bnYoY +4.9%

FYE Mar 2026 · Operating profit¥60bnYoY +20.3%

FYE Mar 2026 · Net profit¥42bnYoY +37.6%

FYE Mar 2026 · Equity ratio53.3%YoY +3.2pp

FYE Mar 2026 · Group employees12,562YoY +84

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥360bn	n/a	¥23bn	n/a	6.4%	¥12bn	Murao Osamu	Buys Panasonic's lead-acid business for <span class="en-history_money" data-yen="16000000000" data-year="2016">$147M (¥16bn)</span>
FYE Mar 2018Consolidated	¥411bn	+14.3%	¥22bn	−5.1%	5.3%	¥11bn	Murao Osamu	—
FYE Mar 2019Consolidated	¥413bn	+0.5%	¥23bn	+3.3%	5.5%	¥14bn	Murao Osamu	—
FYE Mar 2020Consolidated	¥396bn	−4.2%	¥22bn	−4.3%	5.5%	¥14bn	Murao Osamu	—
FYE Mar 2021Consolidated	¥387bn	−2.3%	¥25bn	+14.5%	6.4%	¥11bn	Murao Osamu	—
FYE Mar 2022Consolidated	¥432bn	+11.8%	¥23bn	−8.6%	5.2%	¥8.5bn	Murao Osamu	Automotive lithium-ion becomes its own consolidated segment
FYE Mar 2023Consolidated	¥518bn	+19.8%	¥32bn	+39.0%	6.1%	¥14bn	Murao Osamu	Moves to TSE Prime; Inci GS Yuasa consolidated
FYE Mar 2024Consolidated	¥563bn	+8.7%	¥42bn	+32.0%	7.4%	¥32bn	Murao Osamu	Vision 2035; Honda·GS Yuasa EV Battery R&D; China scaled back
FYE Mar 2025Consolidated	¥580bn	+3.1%	¥50bn	+20.3%	8.6%	¥30bn	Murao Osamu	Lithium Energy Japan absorbed and liquidated; <a class="en-history_person" href="/tse/6674/executives/ceo/abe-takashi/" hreflang="ja">Abe Takashi</a> becomes president
FYE Mar 2026Consolidated	¥609bn	+4.9%	¥60bn	+20.3%	9.9%	¥42bn	Abe Takashi	Record year: revenue ¥580.3bn, operating profit ¥50.0bn

How it compares

GS Yuasa¥609bnFY2025Operating margin 9.9%

Makuseru¥130bnFY2024Operating margin 7.2%

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 ¥609bn

CAGR · 10 yrs +6.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	360	n/a	Cons. · Japanese GAAP
FYE Mar 2018	411	+14.3%	Cons. · Japanese GAAP
FYE Mar 2019	413	+0.5%	Cons. · Japanese GAAP
FYE Mar 2020	396	−4.2%	Cons. · Japanese GAAP
FYE Mar 2021	387	−2.3%	Cons. · Japanese GAAP
FYE Mar 2022	432	+11.8%	Cons. · Japanese GAAP
FYE Mar 2023	518	+19.8%	Cons. · Japanese GAAP
FYE Mar 2024	563	+8.7%	Cons. · Japanese GAAP
FYE Mar 2025	580	+3.1%	Cons. · Japanese GAAP
FYE Mar 2026	609	+4.9%	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 ¥454bn

CAGR · 10 yrs +5.9%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	271	n/a	Cons. · Japanese GAAP
FYE Mar 2018	318	+17.3%	Cons. · Japanese GAAP
FYE Mar 2019	318	+0.1%	Cons. · Japanese GAAP
FYE Mar 2020	303	−4.9%	Cons. · Japanese GAAP
FYE Mar 2021	290	−4.2%	Cons. · Japanese GAAP
FYE Mar 2022	335	+15.7%	Cons. · Japanese GAAP
FYE Mar 2023	405	+20.6%	Cons. · Japanese GAAP
FYE Mar 2024	437	+8.0%	Cons. · Japanese GAAP
FYE Mar 2025	441	+0.9%	Cons. · Japanese GAAP
FYE Mar 2026	454	+3.0%	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 ¥155bn

CAGR · 10 yrs +6.4%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	88.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	93.1	+5.0%	Cons. · Japanese GAAP
FYE Mar 2019	95.0	+2.1%	Cons. · Japanese GAAP
FYE Mar 2020	92.9	−2.2%	Cons. · Japanese GAAP
FYE Mar 2021	96.6	+3.9%	Cons. · Japanese GAAP
FYE Mar 2022	96.8	+0.2%	Cons. · Japanese GAAP
FYE Mar 2023	113	+17.0%	Cons. · Japanese GAAP
FYE Mar 2024	126	+11.4%	Cons. · Japanese GAAP
FYE Mar 2025	139	+10.5%	Cons. · Japanese GAAP
FYE Mar 2026	155	+11.2%	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 ¥95bn

CAGR · 10 yrs +4.2%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	65.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	71.1	+8.6%	Cons. · Japanese GAAP
FYE Mar 2019	72.3	+1.7%	Cons. · Japanese GAAP
FYE Mar 2020	71.2	−1.5%	Cons. · Japanese GAAP
FYE Mar 2021	71.8	+0.7%	Cons. · Japanese GAAP
FYE Mar 2022	74.1	+3.3%	Cons. · Japanese GAAP
FYE Mar 2023	81.7	+10.3%	Cons. · Japanese GAAP
FYE Mar 2024	84.6	+3.5%	Cons. · Japanese GAAP
FYE Mar 2025	89.5	+5.8%	Cons. · Japanese GAAP
FYE Mar 2026	94.9	+6.1%	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 ¥60bn

CAGR · 10 yrs +11.2%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	23.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.9	−5.1%	Cons. · Japanese GAAP
FYE Mar 2019	22.7	+3.3%	Cons. · Japanese GAAP
FYE Mar 2020	21.7	−4.3%	Cons. · Japanese GAAP
FYE Mar 2021	24.8	+14.5%	Cons. · Japanese GAAP
FYE Mar 2022	22.7	−8.6%	Cons. · Japanese GAAP
FYE Mar 2023	31.5	+39.0%	Cons. · Japanese GAAP
FYE Mar 2024	41.6	+32.0%	Cons. · Japanese GAAP
FYE Mar 2025	50.0	+20.3%	Cons. · Japanese GAAP
FYE Mar 2026	60.2	+20.3%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥7.5bn

CAGR · 10 yrs +16.5%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.5	−20.5%	Cons. · Japanese GAAP
FYE Mar 2019	4.2	+179.3%	Cons. · Japanese GAAP
FYE Mar 2020	3.7	−13.0%	Cons. · Japanese GAAP
FYE Mar 2021	4.6	+24.7%	Cons. · Japanese GAAP
FYE Mar 2022	4.0	−12.8%	Cons. · Japanese GAAP
FYE Mar 2023	2.4	−41.0%	Cons. · Japanese GAAP
FYE Mar 2024	9.3	+293.0%	Cons. · Japanese GAAP
FYE Mar 2025	6.4	−31.0%	Cons. · Japanese GAAP
FYE Mar 2026	7.5	+17.3%	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 ¥9.4bn

CAGR · 10 yrs +16.1%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	2.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.0	−17.0%	Cons. · Japanese GAAP
FYE Mar 2019	2.1	+5.1%	Cons. · Japanese GAAP
FYE Mar 2020	2.2	+4.3%	Cons. · Japanese GAAP
FYE Mar 2021	2.1	−5.6%	Cons. · Japanese GAAP
FYE Mar 2022	2.0	−6.6%	Cons. · Japanese GAAP
FYE Mar 2023	9.6	+388.0%	Cons. · Japanese GAAP
FYE Mar 2024	6.9	−28.7%	Cons. · Japanese GAAP
FYE Mar 2025	10.1	+46.5%	Cons. · Japanese GAAP
FYE Mar 2026	9.4	−6.3%	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 ¥58bn

CAGR · 10 yrs +11.1%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	22.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.4	−5.1%	Cons. · Japanese GAAP
FYE Mar 2019	24.7	+15.6%	Cons. · Japanese GAAP
FYE Mar 2020	23.1	−6.5%	Cons. · Japanese GAAP
FYE Mar 2021	27.3	+18.0%	Cons. · Japanese GAAP
FYE Mar 2022	24.7	−9.5%	Cons. · Japanese GAAP
FYE Mar 2023	24.2	−1.9%	Cons. · Japanese GAAP
FYE Mar 2024	44.0	+81.6%	Cons. · Japanese GAAP
FYE Mar 2025	46.3	+5.4%	Cons. · Japanese GAAP
FYE Mar 2026	58.2	+25.6%	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 ¥9.6bn

CAGR · 10 yrs +45.0%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.8	+139.6%	Cons. · Japanese GAAP
FYE Mar 2019	3.9	+377.2%	Cons. · Japanese GAAP
FYE Mar 2020	2.4	−37.7%	Cons. · Japanese GAAP
FYE Mar 2021	1.7	−31.4%	Cons. · Japanese GAAP
FYE Mar 2022	2.4	+43.8%	Cons. · Japanese GAAP
FYE Mar 2023	6.9	+192.6%	Cons. · Japanese GAAP
FYE Mar 2024	4.4	−37.0%	Cons. · Japanese GAAP
FYE Mar 2025	7.1	+61.3%	Cons. · Japanese GAAP
FYE Mar 2026	9.6	+35.9%	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 ¥5.3bn

CAGR · 3 yrs +92.1%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.4	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	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	5.5	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	5.3	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 ¥42bn

CAGR · 10 yrs +14.7%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	12.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.4	−6.4%	Cons. · Japanese GAAP
FYE Mar 2019	13.5	+18.1%	Cons. · Japanese GAAP
FYE Mar 2020	13.7	+1.1%	Cons. · Japanese GAAP
FYE Mar 2021	11.5	−16.2%	Cons. · Japanese GAAP
FYE Mar 2022	8.5	−26.1%	Cons. · Japanese GAAP
FYE Mar 2023	13.9	+64.4%	Cons. · Japanese GAAP
FYE Mar 2024	32.1	+130.3%	Cons. · Japanese GAAP
FYE Mar 2025	30.4	−5.1%	Cons. · Japanese GAAP
FYE Mar 2026	41.9	+37.6%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 25.5%

Average · 10 yrs 23.5%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	24.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.6	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2019	23.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	23.5	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	25.0	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2022	22.4	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2023	21.9	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	22.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	24.0	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2026	25.5	+1.4pp	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 9.9%

Average · 10 yrs 6.6%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	6.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.3	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	5.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	5.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	6.4	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	5.2	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	6.1	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	7.4	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2025	8.6	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	9.9	+1.3pp	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 9.6%

Average · 10 yrs 6.6%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	6.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.2	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	6.0	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	5.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	7.1	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2022	5.7	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2023	4.7	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	7.8	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2025	8.0	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	9.6	+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 6.9%

Average · 10 yrs 3.8%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	3.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.8	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	3.3	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	3.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	3.0	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	2.0	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	2.7	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	5.7	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2025	5.2	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	6.9	+1.6pp	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 74.5%

Average · 10 yrs 76.5%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	75.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	77.4	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2019	77.0	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	76.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	75.0	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2022	77.6	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2023	78.1	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	77.6	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	76.0	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2026	74.5	−1.4pp	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 15.6%

Average · 10 yrs 16.9%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	18.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.3	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	17.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	18.0	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	18.6	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	17.1	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2023	15.8	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	15.0	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	15.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	15.6	+0.2pp	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 ¥741bn

CAGR · 10 yrs +8.0%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	371	n/a	Cons. · Japanese GAAP
FYE Mar 2018	389	+5.0%	Cons. · Japanese GAAP
FYE Mar 2019	384	−1.3%	Cons. · Japanese GAAP
FYE Mar 2020	385	+0.3%	Cons. · Japanese GAAP
FYE Mar 2021	432	+12.1%	Cons. · Japanese GAAP
FYE Mar 2022	481	+11.3%	Cons. · Japanese GAAP
FYE Mar 2023	541	+12.5%	Cons. · Japanese GAAP
FYE Mar 2024	657	+21.4%	Cons. · Japanese GAAP
FYE Mar 2025	694	+5.6%	Cons. · Japanese GAAP
FYE Mar 2026	741	+6.8%	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 ¥395bn

CAGR · 10 yrs +10.4%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	162	n/a	Cons. · Japanese GAAP
FYE Mar 2018	176	+8.7%	Cons. · Japanese GAAP
FYE Mar 2019	178	+1.4%	Cons. · Japanese GAAP
FYE Mar 2020	176	−1.1%	Cons. · Japanese GAAP
FYE Mar 2021	202	+14.7%	Cons. · Japanese GAAP
FYE Mar 2022	215	+6.4%	Cons. · Japanese GAAP
FYE Mar 2023	231	+7.2%	Cons. · Japanese GAAP
FYE Mar 2024	330	+43.1%	Cons. · Japanese GAAP
FYE Mar 2025	347	+5.2%	Cons. · Japanese GAAP
FYE Mar 2026	395	+13.7%	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 ¥68bn

CAGR · 10 yrs +3.6%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	49.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	40.2	−18.5%	Cons. · Japanese GAAP
FYE Mar 2019	43.9	+9.4%	Cons. · Japanese GAAP
FYE Mar 2020	44.5	+1.4%	Cons. · Japanese GAAP
FYE Mar 2021	45.4	+2.0%	Cons. · Japanese GAAP
FYE Mar 2022	60.5	+33.2%	Cons. · Japanese GAAP
FYE Mar 2023	83.7	+38.4%	Cons. · Japanese GAAP
FYE Mar 2024	56.2	−32.9%	Cons. · Japanese GAAP
FYE Mar 2025	85.7	+52.5%	Cons. · Japanese GAAP
FYE Mar 2026	67.8	−20.8%	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 ¥38bn

CAGR · 10 yrs +3.7%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	27.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.5	−36.6%	Cons. · Japanese GAAP
FYE Mar 2019	9.9	−43.3%	Cons. · Japanese GAAP
FYE Mar 2020	14.8	+49.3%	Cons. · Japanese GAAP
FYE Mar 2021	13.4	−9.1%	Cons. · Japanese GAAP
FYE Mar 2022	20.8	+54.6%	Cons. · Japanese GAAP
FYE Mar 2023	42.3	+103.6%	Cons. · Japanese GAAP
FYE Mar 2024	36.2	−14.5%	Cons. · Japanese GAAP
FYE Mar 2025	44.3	+22.3%	Cons. · Japanese GAAP
FYE Mar 2026	38.2	−13.6%	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 ¥30bn

CAGR · 10 yrs +3.5%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	21.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.7	+4.4%	Cons. · Japanese GAAP
FYE Mar 2019	34.0	+50.0%	Cons. · Japanese GAAP
FYE Mar 2020	29.8	−12.6%	Cons. · Japanese GAAP
FYE Mar 2021	32.0	+7.5%	Cons. · Japanese GAAP
FYE Mar 2022	41.7	+30.4%	Cons. · Japanese GAAP
FYE Mar 2023	41.4	−0.8%	Cons. · Japanese GAAP
FYE Mar 2024	30.0	−27.6%	Cons. · Japanese GAAP
FYE Mar 2025	41.4	+38.2%	Cons. · Japanese GAAP
FYE Mar 2026	29.6	−28.5%	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 −2.8%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	25.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.1	+40.3%	Cons. · Japanese GAAP
FYE Mar 2019	20.0	−43.0%	Cons. · Japanese GAAP
FYE Mar 2020	20.1	+0.3%	Cons. · Japanese GAAP
FYE Mar 2021	20.0	−0.3%	Cons. · Japanese GAAP
FYE Mar 2022	20.0	+0.2%	Cons. · Japanese GAAP
FYE Mar 2023	20.0	−0.2%	Cons. · Japanese GAAP
FYE Mar 2024	10.0	−49.9%	Cons. · Japanese GAAP
FYE Mar 2025	20.0	+99.7%	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 ¥4.5bn

CAGR · 10 yrs −12.0%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	14.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.2	−14.7%	Cons. · Japanese GAAP
FYE Mar 2019	10.4	−15.3%	Cons. · Japanese GAAP
FYE Mar 2020	6.4	−38.0%	Cons. · Japanese GAAP
FYE Mar 2021	4.4	−31.2%	Cons. · Japanese GAAP
FYE Mar 2022	2.9	−34.5%	Cons. · Japanese GAAP
FYE Mar 2023	5.2	+81.1%	Cons. · Japanese GAAP
FYE Mar 2024	5.1	−3.2%	Cons. · Japanese GAAP
FYE Mar 2025	4.8	−5.4%	Cons. · Japanese GAAP
FYE Mar 2026	4.5	−5.8%	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 ¥0.5bn

CAGR · 10 yrs −23.8%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	5.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.3	−22.3%	Cons. · Japanese GAAP
FYE Mar 2019	3.3	−23.0%	Cons. · Japanese GAAP
FYE Mar 2020	2.0	−40.4%	Cons. · Japanese GAAP
FYE Mar 2021	0.7	−67.0%	Cons. · Japanese GAAP
FYE Mar 2022	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2023	1.2	n/a	Cons. · Japanese GAAP
FYE Mar 2024	1.0	−15.2%	Cons. · Japanese GAAP
FYE Mar 2025	0.8	−22.3%	Cons. · Japanese GAAP
FYE Mar 2026	0.5	−40.3%	Cons. · Japanese GAAP

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

Equity ratio

FYE Mar 2026 53.3%

Average · 10 yrs 46.9%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	43.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	45.2	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	46.4	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	45.8	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	46.8	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	44.8	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2023	42.6	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2024	50.3	+7.6pp	Cons. · Japanese GAAP
FYE Mar 2025	50.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	53.3	+3.2pp	Cons. · Japanese GAAP

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

Debt-to-equity ratio D/E ratio

FYE Mar 2026 17.2%

Average · 10 yrs 24.9%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	30.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.8	−7.6pp	Cons. · Japanese GAAP
FYE Mar 2019	24.6	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2020	25.3	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	22.5	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2022	28.1	+5.6pp	Cons. · Japanese GAAP
FYE Mar 2023	36.3	+8.2pp	Cons. · Japanese GAAP
FYE Mar 2024	17.0	−19.3pp	Cons. · Japanese GAAP
FYE Mar 2025	24.7	+7.7pp	Cons. · Japanese GAAP
FYE Mar 2026	17.2	−7.5pp	Cons. · Japanese GAAP

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

ROE return on equity

FYE Mar 2026 10.6%

Average · 10 yrs 7.4%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	7.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.5	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	7.6	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2020	7.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	5.7	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2022	3.9	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2023	6.0	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2024	9.7	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2025	8.8	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	10.6	+1.8pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 5.6%

Average · 10 yrs 3.5%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	3.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.9	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	3.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	3.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	2.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	1.8	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	2.6	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	4.9	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2025	4.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	5.6	+1.3pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.82×

CAGR · 10 yrs −1.8%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.97	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.06	+8.8%	Cons. · Japanese GAAP
FYE Mar 2019	1.08	+1.8%	Cons. · Japanese GAAP
FYE Mar 2020	1.03	−4.5%	Cons. · Japanese GAAP
FYE Mar 2021	0.89	−12.8%	Cons. · Japanese GAAP
FYE Mar 2022	0.90	+0.4%	Cons. · Japanese GAAP
FYE Mar 2023	0.96	+6.5%	Cons. · Japanese GAAP
FYE Mar 2024	0.86	−10.4%	Cons. · Japanese GAAP
FYE Mar 2025	0.84	−2.4%	Cons. · Japanese GAAP
FYE Mar 2026	0.82	−1.8%	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 ¥50bn

CAGR · 10 yrs +4.0%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	34.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.9	−37.1%	Cons. · Japanese GAAP
FYE Mar 2019	31.5	+43.6%	Cons. · Japanese GAAP
FYE Mar 2020	33.1	+5.2%	Cons. · Japanese GAAP
FYE Mar 2021	35.8	+8.1%	Cons. · Japanese GAAP
FYE Mar 2022	12.9	−64.0%	Cons. · Japanese GAAP
FYE Mar 2023	28.3	+120.0%	Cons. · Japanese GAAP
FYE Mar 2024	63.2	+123.0%	Cons. · Japanese GAAP
FYE Mar 2025	39.3	−37.8%	Cons. · Japanese GAAP
FYE Mar 2026	49.5	+26.1%	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 -¥45bn

Average · 10 yrs -¥32bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-32.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-20.8	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-17.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-20.7	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-19.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-30.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-26.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-46.2	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-58.8	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-44.9	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 -¥32bn

Average · 10 yrs -¥3.9bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-6.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-11.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-10.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	5.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	8.8	+69.6%	Cons. · Japanese GAAP
FYE Mar 2024	3.5	−60.6%	Cons. · Japanese GAAP
FYE Mar 2025	14.2	+309.1%	Cons. · Japanese GAAP
FYE Mar 2026	-31.8	−323.1%	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 ¥32bn

CAGR · 10 yrs +2.9%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	24.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.8	−19.8%	Cons. · Japanese GAAP
FYE Mar 2019	23.4	+18.4%	Cons. · Japanese GAAP
FYE Mar 2020	24.7	+5.7%	Cons. · Japanese GAAP
FYE Mar 2021	35.8	+44.7%	Cons. · Japanese GAAP
FYE Mar 2022	25.8	−27.8%	Cons. · Japanese GAAP
FYE Mar 2023	36.0	+39.4%	Cons. · Japanese GAAP
FYE Mar 2024	60.3	+67.4%	Cons. · Japanese GAAP
FYE Mar 2025	56.7	−6.0%	Cons. · Japanese GAAP
FYE Mar 2026	32.0	−43.6%	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 ¥4.6bn

CAGR · 10 yrs +10.2%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	1.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.1	−41.9%	Cons. · Japanese GAAP
FYE Mar 2019	13.9	+1138.7%	Cons. · Japanese GAAP
FYE Mar 2020	12.4	−10.7%	Cons. · Japanese GAAP
FYE Mar 2021	16.5	+32.7%	Cons. · Japanese GAAP
FYE Mar 2022	-17.3	−205.1%	Cons. · Japanese GAAP
FYE Mar 2023	1.8	n/a	Cons. · Japanese GAAP
FYE Mar 2024	17.0	+863.6%	Cons. · Japanese GAAP
FYE Mar 2025	-19.5	−215.0%	Cons. · Japanese GAAP
FYE Mar 2026	4.6	n/a	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 8.1%

Average · 10 yrs 7.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	9.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.3	−4.4pp	Cons. · Japanese GAAP
FYE Mar 2019	7.6	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2020	8.4	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	9.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	3.0	−6.3pp	Cons. · Japanese GAAP
FYE Mar 2023	5.5	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2024	11.2	+5.8pp	Cons. · Japanese GAAP
FYE Mar 2025	6.8	−4.5pp	Cons. · Japanese GAAP
FYE Mar 2026	8.1	+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 -¥36bn

Average · 10 yrs -¥24bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-24.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-20.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-20.5	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-19.8	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-34.6	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-47.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	4.1	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-29.0	−798.3%	Cons. · Japanese GAAP
FYE Mar 2026	-35.9	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 ¥530bn

Change · 10 yrs +¥315bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	215	n/a
FYE Mar 2018	240	n/a
FYE Mar 2019	180	n/a
FYE Mar 2020	120	n/a
FYE Mar 2021	248	n/a
FYE Mar 2022	189	n/a
FYE Mar 2023	192	n/a
FYE Mar 2024	316	n/a
FYE Mar 2025	239	n/a
FYE Mar 2026	530	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 5,275¥

Change · 10 yrs +4,756¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	519	n/a
FYE Mar 2018	580	n/a
FYE Mar 2019	2,171	n/a
FYE Mar 2020	1,454	n/a
FYE Mar 2021	3,000	n/a
FYE Mar 2022	2,341	n/a
FYE Mar 2023	2,382	n/a
FYE Mar 2024	3,146	n/a
FYE Mar 2025	2,384	n/a
FYE Mar 2026	5,275	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 100,446,000shares

Change · 10 yrs −313,128,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	413,574,000	Parent
FYE Mar 2018	413,574,000	Parent
FYE Mar 2019	82,714,000	Parent
FYE Mar 2020	82,714,000	Parent
FYE Mar 2021	82,714,000	Parent
FYE Mar 2022	80,599,000	Parent
FYE Mar 2023	80,599,000	Parent
FYE Mar 2024	100,446,000	Parent
FYE Mar 2025	100,446,000	Parent
FYE Mar 2026	100,446,000	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 417.33¥

Change · 10 yrs +387.70¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	29.63	Cons.
FYE Mar 2018	138.90	Cons.
FYE Mar 2019	164.74	Cons.
FYE Mar 2020	168.23	Cons.
FYE Mar 2021	141.91	Cons.
FYE Mar 2022	105.23	Cons.
FYE Mar 2023	173.11	Cons.
FYE Mar 2024	369.74	Cons.
FYE Mar 2025	303.25	Cons.
FYE Mar 2026	417.33	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 3,929.12¥

Change · 10 yrs +3,538.08¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	391.04	Cons. · Japanese GAAP
FYE Mar 2018	425.01	Cons. · Japanese GAAP
FYE Mar 2019	2,155.86	Cons. · Japanese GAAP
FYE Mar 2020	2,131.88	Cons. · Japanese GAAP
FYE Mar 2021	2,445.12	Cons. · Japanese GAAP
FYE Mar 2022	2,670.42	Cons. · Japanese GAAP
FYE Mar 2023	2,862.03	Cons. · Japanese GAAP
FYE Mar 2024	3,285.27	Cons. · Japanese GAAP
FYE Mar 2025	3,455.06	Cons. · Japanese GAAP
FYE Mar 2026	3,929.12	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 12.64×

Average · 10 yrs 14.64×

Fiscal year	PER ×	Basis
FYE Mar 2017	17.52	Cons.
FYE Mar 2018	20.88	Cons.
FYE Mar 2019	13.18	Cons.
FYE Mar 2020	8.64	Cons.
FYE Mar 2021	21.14	Cons.
FYE Mar 2022	22.25	Cons.
FYE Mar 2023	13.76	Cons.
FYE Mar 2024	8.51	Cons.
FYE Mar 2025	7.86	Cons.
FYE Mar 2026	12.64	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 1.34×

Average · 10 yrs 1.03×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.32	Cons.
FYE Mar 2018	1.36	Cons.
FYE Mar 2019	1.00	Cons.
FYE Mar 2020	0.67	Cons.
FYE Mar 2021	1.20	Cons.
FYE Mar 2022	0.88	Cons.
FYE Mar 2023	0.83	Cons.
FYE Mar 2024	0.96	Cons.
FYE Mar 2025	0.69	Cons.
FYE Mar 2026	1.34	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 12,562people

Change · 10 yrs −2,148 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	14,710	n/a	Cons.
FYE Mar 2018	14,585	−0.8%	Cons.
FYE Mar 2019	14,217	−2.5%	Cons.
FYE Mar 2020	13,542	−4.7%	Cons.
FYE Mar 2021	13,305	−1.8%	Cons.
FYE Mar 2022	13,571	+2.0%	Cons.
FYE Mar 2023	14,317	+5.5%	Cons.
FYE Mar 2024	12,892	−10.0%	Cons.
FYE Mar 2025	12,478	−3.2%	Cons.
FYE Mar 2026	12,562	+0.7%	Cons.

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

Parent-company employees

FYE Mar 2026 18people

Change · 10 yrs +4 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	14	n/a	Parent
FYE Mar 2018	18	+28.6%	Parent
FYE Mar 2019	14	−22.2%	Parent
FYE Mar 2020	10	−28.6%	Parent
FYE Mar 2021	11	+10.0%	Parent
FYE Mar 2022	11	−0.0%	Parent
FYE Mar 2023	14	+27.3%	Parent
FYE Mar 2024	14	−0.0%	Parent
FYE Mar 2025	18	+28.6%	Parent
FYE Mar 2026	18	−0.0%	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 1,091万円

Change · 10 yrs −46万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	1,137	n/a	Parent
FYE Mar 2018	1,129	−0.7%	Parent
FYE Mar 2019	1,010	−10.6%	Parent
FYE Mar 2020	877	−13.1%	Parent
FYE Mar 2021	857	−2.3%	Parent
FYE Mar 2022	846	−1.3%	Parent
FYE Mar 2023	948	+12.1%	Parent
FYE Mar 2024	961	+1.4%	Parent
FYE Mar 2025	1,074	+11.8%	Parent
FYE Mar 2026	1,091	+1.5%	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 52.1years

Change · 8 yrs −0.0 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	52.1	n/a	Parent
FYE Mar 2020	52.3	+0.4%	Parent
FYE Mar 2021	55.0	+5.2%	Parent
FYE Mar 2022	55.9	+1.6%	Parent
FYE Mar 2023	53.6	−4.1%	Parent
FYE Mar 2024	50.7	−5.4%	Parent
FYE Mar 2025	51.4	+1.4%	Parent
FYE Mar 2026	52.1	+1.4%	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 26.4years

Change · 10 yrs −1.7 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	28.1	n/a	Parent
FYE Mar 2018	27.8	−1.1%	Parent
FYE Mar 2019	27.2	−2.2%	Parent
FYE Mar 2020	27.6	+1.5%	Parent
FYE Mar 2021	30.3	+9.8%	Parent
FYE Mar 2022	31.3	+3.3%	Parent
FYE Mar 2023	29.3	−6.4%	Parent
FYE Mar 2024	25.9	−11.6%	Parent
FYE Mar 2025	26.5	+2.3%	Parent
FYE Mar 2026	26.4	−0.4%	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 3,389people

Change · 10 yrs +615 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	2,774	n/a	n/a
FYE Mar 2018	2,459	−11.4%	n/a
FYE Mar 2019	2,140	−13.0%	n/a
FYE Mar 2020	2,237	+4.5%	n/a
FYE Mar 2021	2,358	+5.4%	n/a
FYE Mar 2022	3,043	+29.1%	n/a
FYE Mar 2023	2,714	−10.8%	n/a
FYE Mar 2024	2,845	+4.8%	n/a
FYE Mar 2025	3,296	+15.9%	n/a
FYE Mar 2026	3,389	+2.8%	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 ¥48.5m

Change · 10 yrs +¥24.0m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	24.4	n/a	Cons.
FYE Mar 2018	28.2	+15.3%	Cons.
FYE Mar 2019	29.1	+3.1%	Cons.
FYE Mar 2020	29.2	+0.5%	Cons.
FYE Mar 2021	29.1	−0.5%	Cons.
FYE Mar 2022	31.8	+9.6%	Cons.
FYE Mar 2023	36.2	+13.6%	Cons.
FYE Mar 2024	43.7	+20.7%	Cons.
FYE Mar 2025	46.5	+6.5%	Cons.
FYE Mar 2026	48.5	+4.2%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥4.8m

Change · 10 yrs +¥3.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	1.6	n/a	Cons.
FYE Mar 2018	1.5	−4.3%	Cons.
FYE Mar 2019	1.6	+6.0%	Cons.
FYE Mar 2020	1.6	+0.5%	Cons.
FYE Mar 2021	1.9	+16.5%	Cons.
FYE Mar 2022	1.7	−10.4%	Cons.
FYE Mar 2023	2.2	+31.7%	Cons.
FYE Mar 2024	3.2	+46.6%	Cons.
FYE Mar 2025	4.0	+24.3%	Cons.
FYE Mar 2026	4.8	+19.5%	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

GS Yuasa’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/6674/company.json ·/api/6674/history.json ·/api/6674/ceo.json ·/api/6674/financials.json ·/api/6674/financials/segment.json ·/api/6674/financials/pl.json ·/api/6674/financials/cf.json ·/api/6674/financials/bs.json ·/api/6674/financials/employee.json ·/api/6674/financials/stock.json ·/api/6674/financials.csv ·/api/6674/financials_history.csv

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