Financials

Pioneer: FYE Mar 2022 and ten years of results (50 metrics)

FYE Mar 2022 · Revenue¥270bn

FYE Mar 2018 · Operating profit¥1.2bnYoY −71.3%

FYE Mar 2018 · Net profit-¥7.1bn

FYE Mar 2018 · Equity ratio28.0%YoY −1.3pp

FYE Mar 2018 · Group employees16,798YoY +35

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2013Consolidated	¥452bn	n/a	¥6.0bn	n/a	1.3%	-¥20bn	Kotani Susumu	—
FYE Mar 2014Consolidated	¥498bn	+10.2%	¥11bn	+86.2%	2.2%	¥0.5bn	Kotani Susumu	—
FYE Mar 2015Consolidated	¥502bn	+0.7%	¥7.8bn	−30.4%	1.6%	¥15bn	Kotani Susumu	—
FYE Mar 2016Consolidated	¥450bn	−10.4%	¥7.3bn	−6.1%	1.6%	¥0.7bn	Kotani Susumu	Home AV and telephone businesses transferred to Onkyo
FYE Mar 2017Consolidated	¥387bn	−14.0%	¥4.2bn	−42.9%	1.1%	-¥5.1bn	Kotani Susumu	—
FYE Mar 2018Consolidated	¥365bn	−5.5%	¥1.2bn	−71.3%	0.3%	-¥7.1bn	Kotani Susumu	Organic EL lighting joint venture set up with Konica Minolta
FYE Mar 2019Consolidated	n/a	n/a	n/a	n/a	n/a	n/a	Kotani Susumu	Agrees a rescue plan with the investment fund BPEA
FYE Mar 2020Consolidated	n/a	n/a	n/a	n/a	n/a	n/a	Moriya Koichi	Solicits 3,000 voluntary redundancies; delists
FYE Mar 2021Consolidated	n/a	n/a	n/a	n/a	n/a	n/a	—	—
FYE Mar 2022Consolidated	¥270bn	n/a	n/a	n/a	n/a	n/a	—	—

How it compares

JVC (Victor Company of Japan)Delisted 2008 JVCKenwood¥357bnFY2025Operating margin 5.8%

PioneerDelisted 2019

Clarion Co., Ltd.Delisted 2019

Noritsu Koki¥119bnFY2025Operating margin 17.5%

Funai ElectricDelisted 2021

Akai ElectricDelisted 2000

AIWA CO., LTD.Delisted 2002

Nippon ColumbiaDelisted 2017

Onkyo CorporationDelisted 2021

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 2022 ¥270bn

CAGR · 7 yrs −8.2%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2013	452	n/a	Cons. · Japanese GAAP
FYE Mar 2014	498	+10.2%	Cons. · Japanese GAAP
FYE Mar 2015	502	+0.7%	Cons. · Japanese GAAP
FYE Mar 2016	450	−10.4%	Cons. · Japanese GAAP
FYE Mar 2017	387	−14.0%	Cons. · Japanese GAAP
FYE Mar 2018	365	−5.5%	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	270	n/a	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 2022 n/a

CAGR · 6 yrs −3.6%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2013	360	n/a	Cons. · Japanese GAAP
FYE Mar 2014	397	+10.2%	Cons. · Japanese GAAP
FYE Mar 2015	403	+1.6%	Cons. · Japanese GAAP
FYE Mar 2016	373	−7.5%	Cons. · Japanese GAAP
FYE Mar 2017	317	−14.8%	Cons. · Japanese GAAP
FYE Mar 2018	300	−5.5%	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

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

Gross profit

FYE Mar 2022 n/a

CAGR · 6 yrs −6.6%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2013	92.0	n/a	Cons. · Japanese GAAP
FYE Mar 2014	101	+10.2%	Cons. · Japanese GAAP
FYE Mar 2015	98.6	−2.7%	Cons. · Japanese GAAP
FYE Mar 2016	76.9	−22.0%	Cons. · Japanese GAAP
FYE Mar 2017	69.2	−10.1%	Cons. · Japanese GAAP
FYE Mar 2018	65.5	−5.3%	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

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 2022 n/a

CAGR · 6 yrs −5.6%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2013	86.0	n/a	Cons. · Japanese GAAP
FYE Mar 2014	90.2	+4.9%	Cons. · Japanese GAAP
FYE Mar 2015	90.8	+0.7%	Cons. · Japanese GAAP
FYE Mar 2016	69.6	−23.4%	Cons. · Japanese GAAP
FYE Mar 2017	65.0	−6.6%	Cons. · Japanese GAAP
FYE Mar 2018	64.3	−1.1%	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

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 2022 n/a

CAGR · 6 yrs −27.6%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2013	6.0	n/a	Cons. · Japanese GAAP
FYE Mar 2014	11.2	+86.2%	Cons. · Japanese GAAP
FYE Mar 2015	7.8	−30.4%	Cons. · Japanese GAAP
FYE Mar 2016	7.3	−6.1%	Cons. · Japanese GAAP
FYE Mar 2017	4.2	−42.9%	Cons. · Japanese GAAP
FYE Mar 2018	1.2	−71.3%	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

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

Non-operating income

FYE Mar 2022 n/a

CAGR · 6 yrs −11.2%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2013	0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2014	0.7	−20.5%	Cons. · Japanese GAAP
FYE Mar 2015	0.5	−27.7%	Cons. · Japanese GAAP
FYE Mar 2016	2.3	+331.1%	Cons. · Japanese GAAP
FYE Mar 2017	1.3	−41.5%	Cons. · Japanese GAAP
FYE Mar 2018	0.5	−62.0%	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

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 2022 n/a

CAGR · 6 yrs −4.6%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2013	6.1	n/a	Cons. · Japanese GAAP
FYE Mar 2014	6.8	+11.2%	Cons. · Japanese GAAP
FYE Mar 2015	11.2	+65.3%	Cons. · Japanese GAAP
FYE Mar 2016	2.3	−79.1%	Cons. · Japanese GAAP
FYE Mar 2017	2.5	+8.4%	Cons. · Japanese GAAP
FYE Mar 2018	4.8	+90.0%	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

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 2022 n/a

Average · 6 yrs ¥1.7bn

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2013	0.8	n/a	Cons. · Japanese GAAP
FYE Mar 2014	5.1	+529.4%	Cons. · Japanese GAAP
FYE Mar 2015	-2.9	−157.0%	Cons. · Japanese GAAP
FYE Mar 2016	7.3	n/a	Cons. · Japanese GAAP
FYE Mar 2017	3.0	−59.1%	Cons. · Japanese GAAP
FYE Mar 2018	-3.1	−205.2%	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

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 2022 n/a

CAGR · 6 yrs −19.8%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2013	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2014	2.2	+206.8%	Cons. · Japanese GAAP
FYE Mar 2015	52.9	+2280.6%	Cons. · Japanese GAAP
FYE Mar 2016	2.5	−95.2%	Cons. · Japanese GAAP
FYE Mar 2017	0.8	−67.0%	Cons. · Japanese GAAP
FYE Mar 2018	0.2	−71.1%	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

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 2022 n/a

CAGR · 3 yrs +41.6%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Mar 2013	12.3	n/a	Cons. · Japanese GAAP
FYE Mar 2014	1.7	−86.5%	Cons. · Japanese GAAP
FYE Mar 2015	24.7	+1383.4%	Cons. · Japanese GAAP
FYE Mar 2016	n/a	n/a	Cons. · Japanese GAAP
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	n/a	n/a	Cons. · Japanese GAAP

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

Net profit profit attributable to owners of the parent

FYE Mar 2022 n/a

Average · 6 yrs -¥2.6bn

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2013	-19.6	n/a	Cons. · Japanese GAAP
FYE Mar 2014	0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2015	14.6	+2655.6%	Cons. · Japanese GAAP
FYE Mar 2016	0.7	−95.0%	Cons. · Japanese GAAP
FYE Mar 2017	-5.1	−791.4%	Cons. · Japanese GAAP
FYE Mar 2018	-7.1	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

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

Gross margin

FYE Mar 2022 n/a

Average · 6 yrs 18.9%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2013	20.4	n/a	Cons. · Japanese GAAP
FYE Mar 2014	20.3	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2015	19.7	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2016	17.1	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2017	17.9	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2018	17.9	−0.0pp	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

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

Operating margin

FYE Mar 2022 n/a

Average · 6 yrs 1.4%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2013	1.3	n/a	Cons. · Japanese GAAP
FYE Mar 2014	2.2	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2015	1.6	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2016	1.6	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2017	1.1	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2018	0.3	−0.8pp	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

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

Ordinary margin

FYE Mar 2022 n/a

Average · 6 yrs 0.4%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2013	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2014	1.0	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2015	-0.6	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2016	1.6	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2017	0.8	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2018	-0.9	−1.6pp	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

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

Net margin

FYE Mar 2022 n/a

Average · 6 yrs -0.7%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2013	-4.3	n/a	Cons. · Japanese GAAP
FYE Mar 2014	0.1	+4.4pp	Cons. · Japanese GAAP
FYE Mar 2015	2.9	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2016	0.2	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2017	-1.3	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2018	-1.9	−0.6pp	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

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

Cost-of-sales ratio

FYE Mar 2022 n/a

Average · 6 yrs 81.1%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2013	79.6	n/a	Cons. · Japanese GAAP
FYE Mar 2014	79.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2015	80.3	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2016	82.9	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2017	82.1	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2018	82.1	−0.0pp	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

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 2022 n/a

Average · 6 yrs 17.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2013	19.0	n/a	Cons. · Japanese GAAP
FYE Mar 2014	18.1	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2015	18.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2016	15.5	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2017	16.8	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2018	17.6	+0.8pp	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

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 2022 n/a

CAGR · 6 yrs −1.6%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2013	311	n/a	Cons. · Japanese GAAP
FYE Mar 2014	328	+5.3%	Cons. · Japanese GAAP
FYE Mar 2015	328	+0.1%	Cons. · Japanese GAAP
FYE Mar 2016	298	−9.2%	Cons. · Japanese GAAP
FYE Mar 2017	282	−5.4%	Cons. · Japanese GAAP
FYE Mar 2018	288	+2.0%	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

Definition: Everything the company holds
Formula: Total assets line of the balance sheet
Source: Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Mar 2022 n/a

CAGR · 6 yrs +1.1%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2013	76.4	n/a	Cons. · Japanese GAAP
FYE Mar 2014	77.8	+1.8%	Cons. · Japanese GAAP
FYE Mar 2015	107	+37.6%	Cons. · Japanese GAAP
FYE Mar 2016	90.5	−15.5%	Cons. · Japanese GAAP
FYE Mar 2017	82.5	−8.8%	Cons. · Japanese GAAP
FYE Mar 2018	80.5	−2.4%	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

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 2022 n/a

CAGR · 6 yrs −0.1%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2013	33.5	n/a	Cons. · Japanese GAAP
FYE Mar 2014	22.2	−33.9%	Cons. · Japanese GAAP
FYE Mar 2015	27.9	+25.7%	Cons. · Japanese GAAP
FYE Mar 2016	37.3	+33.9%	Cons. · Japanese GAAP
FYE Mar 2017	13.2	−64.6%	Cons. · Japanese GAAP
FYE Mar 2018	33.4	+152.7%	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

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

Short-term borrowings

FYE Mar 2022 n/a

Average · 6 yrs ¥12bn

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2013	20.5	n/a	Cons. · Japanese GAAP
FYE Mar 2014	22.2	+8.0%	Cons. · Japanese GAAP
FYE Mar 2015	17.9	−19.4%	Cons. · Japanese GAAP
FYE Mar 2016	12.3	−31.4%	Cons. · Japanese GAAP
FYE Mar 2017	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2018	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

Definition: Borrowings repayable within a year
Formula: Short-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Long-term borrowings

FYE Mar 2022 n/a

Average · 6 yrs ¥5.5bn

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2013	13.0	n/a	Cons. · Japanese GAAP
FYE Mar 2014	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2015	10.0	n/a	Cons. · Japanese GAAP
FYE Mar 2016	10.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2017	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2018	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

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

Bonds

FYE Mar 2022 n/a

Average · 6 yrs ¥7.5bn

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2013	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2014	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2015	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2016	15.1	n/a	Cons. · Japanese GAAP
FYE Mar 2017	15.1	−0.1%	Cons. · Japanese GAAP
FYE Mar 2018	15.0	−0.1%	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

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

Intangible assets

FYE Mar 2022 n/a

CAGR · 3 yrs +26.6%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2013	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2014	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2015	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2016	46.5	n/a	Cons. · Japanese GAAP
FYE Mar 2017	56.8	+22.2%	Cons. · Japanese GAAP
FYE Mar 2018	74.5	+31.2%	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

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

Goodwill

FYE Mar 2022 n/a

CAGR · 6 yrs −8.2%

Fiscal year	Goodwill ¥ m	YoY	Basis
FYE Mar 2013	606	n/a	Cons. · Japanese GAAP
FYE Mar 2014	564	−6.9%	Cons. · Japanese GAAP
FYE Mar 2015	522	−7.4%	Cons. · Japanese GAAP
FYE Mar 2016	480	−8.0%	Cons. · Japanese GAAP
FYE Mar 2017	438	−8.7%	Cons. · Japanese GAAP
FYE Mar 2018	396	−9.6%	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

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 2022 n/a

Average · 6 yrs 28.1%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2013	24.5	n/a	Cons. · Japanese GAAP
FYE Mar 2014	23.7	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2015	32.6	+8.9pp	Cons. · Japanese GAAP
FYE Mar 2016	30.4	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2017	29.3	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2018	28.0	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

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 2022 n/a

Average · 6 yrs 32.9%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2013	43.9	n/a	Cons. · Japanese GAAP
FYE Mar 2014	28.5	−15.4pp	Cons. · Japanese GAAP
FYE Mar 2015	26.0	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2016	41.3	+15.2pp	Cons. · Japanese GAAP
FYE Mar 2017	16.0	−25.3pp	Cons. · Japanese GAAP
FYE Mar 2018	41.4	+25.4pp	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

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

ROE return on equity

FYE Mar 2022 n/a

Average · 6 yrs -4.2%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2013	-25.6	n/a	Cons. · Japanese GAAP
FYE Mar 2014	0.7	+26.3pp	Cons. · Japanese GAAP
FYE Mar 2015	13.7	+13.0pp	Cons. · Japanese GAAP
FYE Mar 2016	0.8	−12.9pp	Cons. · Japanese GAAP
FYE Mar 2017	-6.1	−6.9pp	Cons. · Japanese GAAP
FYE Mar 2018	-8.8	−2.7pp	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

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

ROA return on assets

FYE Mar 2022 n/a

Average · 6 yrs -0.9%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2013	-6.3	n/a	Cons. · Japanese GAAP
FYE Mar 2014	0.2	+6.4pp	Cons. · Japanese GAAP
FYE Mar 2015	4.5	+4.3pp	Cons. · Japanese GAAP
FYE Mar 2016	0.2	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2017	-1.8	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2018	-2.5	−0.7pp	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

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

Asset turnover

FYE Mar 2022 n/a

CAGR · 6 yrs −2.6%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2013	1.45	n/a	Cons. · Japanese GAAP
FYE Mar 2014	1.52	+4.7%	Cons. · Japanese GAAP
FYE Mar 2015	1.53	+0.6%	Cons. · Japanese GAAP
FYE Mar 2016	1.51	−1.3%	Cons. · Japanese GAAP
FYE Mar 2017	1.37	−9.0%	Cons. · Japanese GAAP
FYE Mar 2018	1.27	−7.4%	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

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 2022 n/a

CAGR · 6 yrs +68.3%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2013	1.2	n/a	Cons. · Japanese GAAP
FYE Mar 2014	34.2	+2804.3%	Cons. · Japanese GAAP
FYE Mar 2015	34.6	+0.9%	Cons. · Japanese GAAP
FYE Mar 2016	19.3	−44.2%	Cons. · Japanese GAAP
FYE Mar 2017	19.6	+1.7%	Cons. · Japanese GAAP
FYE Mar 2018	15.9	−18.7%	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

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

Investing cash flow

FYE Mar 2022 n/a

Average · 6 yrs -¥18bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2013	-35.2	n/a	Cons. · Japanese GAAP
FYE Mar 2014	-21.9	n/a	Cons. · Japanese GAAP
FYE Mar 2015	36.9	n/a	Cons. · Japanese GAAP
FYE Mar 2016	-20.1	−154.5%	Cons. · Japanese GAAP
FYE Mar 2017	-34.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-33.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

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

Financing cash flow

FYE Mar 2022 n/a

CAGR · 6 yrs +15.2%

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2013	7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2014	-0.9	−112.6%	Cons. · Japanese GAAP
FYE Mar 2015	-55.4	n/a	Cons. · Japanese GAAP
FYE Mar 2016	3.4	n/a	Cons. · Japanese GAAP
FYE Mar 2017	1.4	−57.6%	Cons. · Japanese GAAP
FYE Mar 2018	14.3	+886.4%	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

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 2022 n/a

CAGR · 6 yrs +11.2%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2013	21.0	n/a	Cons. · Japanese GAAP
FYE Mar 2014	33.9	+61.7%	Cons. · Japanese GAAP
FYE Mar 2015	51.7	+52.4%	Cons. · Japanese GAAP
FYE Mar 2016	52.0	+0.6%	Cons. · Japanese GAAP
FYE Mar 2017	38.4	−26.1%	Cons. · Japanese GAAP
FYE Mar 2018	35.6	−7.2%	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

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 2022 n/a

Average · 6 yrs ¥2.9bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2013	-34.1	n/a	Cons. · Japanese GAAP
FYE Mar 2014	12.4	n/a	Cons. · Japanese GAAP
FYE Mar 2015	71.4	+477.1%	Cons. · Japanese GAAP
FYE Mar 2016	-0.8	−101.1%	Cons. · Japanese GAAP
FYE Mar 2017	-14.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-17.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

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 2022 n/a

Average · 6 yrs 4.6%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2013	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2014	6.9	+6.6pp	Cons. · Japanese GAAP
FYE Mar 2015	6.9	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2016	4.3	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2017	5.1	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2018	4.4	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

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

Net cash

FYE Mar 2022 n/a

Average · 6 yrs ¥11bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2013	-12.6	n/a	Cons. · Japanese GAAP
FYE Mar 2014	11.7	n/a	Cons. · Japanese GAAP
FYE Mar 2015	23.8	+103.0%	Cons. · Japanese GAAP
FYE Mar 2016	14.7	−38.4%	Cons. · Japanese GAAP
FYE Mar 2017	25.2	+71.9%	Cons. · Japanese GAAP
FYE Mar 2018	2.3	−91.0%	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	n/a
FYE Mar 2020	n/a	n/a	n/a
FYE Mar 2021	n/a	n/a	n/a
FYE Mar 2022	n/a	n/a	n/a

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 2022 n/a

Change · 3 yrs +¥29bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2013	n/a	n/a
FYE Mar 2014	82.3	n/a
FYE Mar 2015	81.6	n/a
FYE Mar 2016	111	n/a
FYE Mar 2017	n/a	n/a
FYE Mar 2018	n/a	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	n/a	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 2022 n/a

Change · 3 yrs +77¥

Fiscal year	Share price ¥	Basis
FYE Mar 2013	n/a	n/a
FYE Mar 2014	221	n/a
FYE Mar 2015	219	n/a
FYE Mar 2016	298	n/a
FYE Mar 2017	n/a	n/a
FYE Mar 2018	n/a	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	n/a	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 2022 n/a

Change · 6 yrs +57,247,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2013	326,093,000	Parent
FYE Mar 2014	372,223,000	Parent
FYE Mar 2015	372,223,000	Parent
FYE Mar 2016	372,223,000	Parent
FYE Mar 2017	372,223,000	Parent
FYE Mar 2018	383,340,000	Parent
FYE Mar 2019	n/a	Parent
FYE Mar 2020	n/a	Parent
FYE Mar 2021	n/a	Parent
FYE Mar 2022	n/a	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 2022 n/a

Change · 6 yrs +41.78¥

Fiscal year	EPS ¥	Basis
FYE Mar 2013	-60.90	Cons.
FYE Mar 2014	1.49	Cons.
FYE Mar 2015	39.85	Cons.
FYE Mar 2016	1.99	Cons.
FYE Mar 2017	-13.76	Cons.
FYE Mar 2018	-19.12	Cons.
FYE Mar 2019	n/a	Cons.
FYE Mar 2020	n/a	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	n/a	Cons.

Definition: Net profit for each share
Formula: Net profit ÷ average shares outstanding
Source: Securities report (XBRL)

BPS book value per share

FYE Mar 2022 n/a

Change · 6 yrs −24.25¥

Fiscal year	BPS ¥	Basis
FYE Mar 2013	234.30	Cons. · Japanese GAAP
FYE Mar 2014	209.06	Cons. · Japanese GAAP
FYE Mar 2015	287.64	Cons. · Japanese GAAP
FYE Mar 2016	243.10	Cons. · Japanese GAAP
FYE Mar 2017	221.68	Cons. · Japanese GAAP
FYE Mar 2018	210.05	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a
FYE Mar 2020	n/a	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	n/a	n/a

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

PER price-to-earnings ratio

FYE Mar 2022 n/a

Average · 3 yrs 101.19×

Fiscal year	PER ×	Basis
FYE Mar 2013	n/a	Cons.
FYE Mar 2014	148.32	Cons.
FYE Mar 2015	5.50	Cons.
FYE Mar 2016	149.75	Cons.
FYE Mar 2017	n/a	Cons.
FYE Mar 2018	n/a	Cons.
FYE Mar 2019	n/a	Cons.
FYE Mar 2020	n/a	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	n/a	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 2022 n/a

Average · 3 yrs 1.06×

Fiscal year	PBR ×	Basis
FYE Mar 2013	n/a	Cons.
FYE Mar 2014	1.12	Cons.
FYE Mar 2015	0.79	Cons.
FYE Mar 2016	1.28	Cons.
FYE Mar 2017	n/a	Cons.
FYE Mar 2018	n/a	Cons.
FYE Mar 2019	n/a	Cons.
FYE Mar 2020	n/a	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	n/a	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 2022 n/a

Change · 6 yrs −7,128 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2013	23,926	n/a	Cons.
FYE Mar 2014	22,193	−7.2%	Cons.
FYE Mar 2015	19,404	−12.6%	Cons.
FYE Mar 2016	17,046	−12.2%	Cons.
FYE Mar 2017	16,763	−1.7%	Cons.
FYE Mar 2018	16,798	+0.2%	Cons.
FYE Mar 2019	n/a	n/a	Cons.
FYE Mar 2020	n/a	n/a	Cons.
FYE Mar 2021	n/a	n/a	Cons.
FYE Mar 2022	n/a	n/a	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 2022 n/a

Change · 6 yrs −1,066 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2013	4,248	n/a	Parent
FYE Mar 2014	3,641	−14.3%	Parent
FYE Mar 2015	2,993	−17.8%	Parent
FYE Mar 2016	2,985	−0.3%	Parent
FYE Mar 2017	3,051	+2.2%	Parent
FYE Mar 2018	3,182	+4.3%	Parent
FYE Mar 2019	n/a	n/a	Parent
FYE Mar 2020	n/a	n/a	Parent
FYE Mar 2021	n/a	n/a	Parent
FYE Mar 2022	n/a	n/a	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 2022 n/a

Change · 6 yrs +¥0.2m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2013	7.3	n/a	Parent
FYE Mar 2014	6.1	−16.0%	Parent
FYE Mar 2015	6.7	+9.0%	Parent
FYE Mar 2016	7.4	+11.4%	Parent
FYE Mar 2017	7.6	+2.4%	Parent
FYE Mar 2018	7.5	−1.1%	Parent
FYE Mar 2019	n/a	n/a	Parent
FYE Mar 2020	n/a	n/a	Parent
FYE Mar 2021	n/a	n/a	Parent
FYE Mar 2022	n/a	n/a	Parent

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

Average length of service

FYE Mar 2022 n/a

Change · 6 yrs −0.1 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2013	18.3	n/a	Parent
FYE Mar 2014	17.2	−5.9%	Parent
FYE Mar 2015	18.4	+7.0%	Parent
FYE Mar 2016	19.2	+4.1%	Parent
FYE Mar 2017	18.4	−3.7%	Parent
FYE Mar 2018	18.2	−1.5%	Parent
FYE Mar 2019	n/a	n/a	Parent
FYE Mar 2020	n/a	n/a	Parent
FYE Mar 2021	n/a	n/a	Parent
FYE Mar 2022	n/a	n/a	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 2022 n/a

Change · 6 yrs +¥2.9m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2013	18.9	n/a	Cons.
FYE Mar 2014	22.4	+18.8%	Cons.
FYE Mar 2015	25.9	+15.2%	Cons.
FYE Mar 2016	26.4	+2.0%	Cons.
FYE Mar 2017	23.1	−12.5%	Cons.
FYE Mar 2018	21.8	−5.7%	Cons.
FYE Mar 2019	n/a	n/a	Cons.
FYE Mar 2020	n/a	n/a	Cons.
FYE Mar 2021	n/a	n/a	Cons.
FYE Mar 2022	n/a	n/a	Cons.

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

Operating profit per employee

FYE Mar 2022 n/a

Change · 6 yrs −¥0.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2013	0.3	n/a	Cons.
FYE Mar 2014	0.5	+100.8%	Cons.
FYE Mar 2015	0.4	−20.4%	Cons.
FYE Mar 2016	0.4	+6.9%	Cons.
FYE Mar 2017	0.2	−42.0%	Cons.
FYE Mar 2018	0.1	−71.4%	Cons.
FYE Mar 2019	n/a	n/a	Cons.
FYE Mar 2020	n/a	n/a	Cons.
FYE Mar 2021	n/a	n/a	Cons.
FYE Mar 2022	n/a	n/a	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 →

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