Financials

Meiko: FYE Mar 2026 and ten years of results (51 metrics)

FYE Mar 2026 · Revenue¥241bnYoY +16.3%

FYE Mar 2026 · Operating profit¥25bnYoY +28.8%

FYE Mar 2026 · Net profit¥20bnYoY +32.6%

FYE Mar 2026 · Equity ratio40.6%YoY −1.6pp

FYE Mar 2026 · Group employees14,332YoY +1,626

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥96bn	n/a	¥5.8bn	n/a	6.0%	¥1.8bn	Naya Yuichiro	—
FYE Mar 2018Consolidated	¥109bn	+13.2%	¥7.5bn	+28.8%	6.9%	¥4.4bn	Naya Yuichiro	—
FYE Mar 2019Consolidated	¥119bn	+9.6%	¥8.9bn	+19.7%	7.5%	¥6.7bn	Naya Yuichiro	—
FYE Mar 2020Consolidated	¥115bn	−2.9%	¥5.2bn	−41.9%	4.5%	¥2.6bn	Naya Yuichiro	Trade war hits Wuhan; operating profit down 43%
FYE Mar 2021Consolidated	¥119bn	+3.3%	¥6.7bn	+28.3%	5.6%	¥4.6bn	Naya Yuichiro	—
FYE Mar 2022Consolidated	¥151bn	+26.8%	¥13bn	+99.1%	8.8%	¥11bn	Naya Yuichiro	EV and data-centre demand lifts sales; TSE First Section
FYE Mar 2023Consolidated	¥167bn	+10.6%	¥9.6bn	−27.8%	5.7%	¥8.8bn	Naya Yuichiro	Moves to the Prime Market
FYE Mar 2024Consolidated	¥179bn	+7.3%	¥12bn	+21.8%	6.5%	¥11bn	Naya Yuichiro	Tendo plant; Meiko Electronics Hoa Binh, Vietnam
FYE Mar 2025Consolidated	¥207bn	+15.2%	¥19bn	+63.7%	9.2%	¥15bn	Naya Yuichiro	—
FYE Mar 2026Consolidated	¥241bn	+16.3%	¥25bn	+28.8%	10.2%	¥20bn	Naya Yuichiro	Record sales of ¥206.8bn in the fiftieth year

How it compares

TDK¥2.50tnFY2025Operating margin 10.9%Murata Manufacturing¥1.83tnFY2025Operating margin 15.4%Alps Alpine¥1.02tnFY2025Operating margin 4.1%Taiyo Yuden¥355bnFY2025Operating margin 5.6%

Hoshiden¥248bnFY2024Operating margin 5.5%

Meiko¥241bnFY2025Operating margin 10.2%

Japan Aviation Electronics Industry¥228bnFY2025Operating margin 3.9%Hirose Electric¥211bnFY2025Operating margin 20.4%

Mabuchi Motor¥200bnFY2025Operating margin 12.7%

NICHICON CORPORATION¥170bnFY2025Operating 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 ¥241bn

CAGR · 10 yrs +10.8%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	95.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	109	+13.2%	Cons. · Japanese GAAP
FYE Mar 2019	119	+9.6%	Cons. · Japanese GAAP
FYE Mar 2020	115	−2.9%	Cons. · Japanese GAAP
FYE Mar 2021	119	+3.3%	Cons. · Japanese GAAP
FYE Mar 2022	151	+26.8%	Cons. · Japanese GAAP
FYE Mar 2023	167	+10.6%	Cons. · Japanese GAAP
FYE Mar 2024	179	+7.3%	Cons. · Japanese GAAP
FYE Mar 2025	207	+15.2%	Cons. · Japanese GAAP
FYE Mar 2026	241	+16.3%	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 ¥190bn

CAGR · 10 yrs +10.1%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	79.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	90.1	+12.9%	Cons. · Japanese GAAP
FYE Mar 2019	98.9	+9.7%	Cons. · Japanese GAAP
FYE Mar 2020	98.7	−0.1%	Cons. · Japanese GAAP
FYE Mar 2021	102	+3.0%	Cons. · Japanese GAAP
FYE Mar 2022	124	+21.8%	Cons. · Japanese GAAP
FYE Mar 2023	141	+14.0%	Cons. · Japanese GAAP
FYE Mar 2024	149	+5.4%	Cons. · Japanese GAAP
FYE Mar 2025	167	+12.2%	Cons. · Japanese GAAP
FYE Mar 2026	190	+13.8%	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 ¥50bn

CAGR · 10 yrs +13.5%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	16.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.4	+14.6%	Cons. · Japanese GAAP
FYE Mar 2019	20.0	+8.8%	Cons. · Japanese GAAP
FYE Mar 2020	16.7	−16.5%	Cons. · Japanese GAAP
FYE Mar 2021	17.5	+4.7%	Cons. · Japanese GAAP
FYE Mar 2022	27.4	+56.3%	Cons. · Japanese GAAP
FYE Mar 2023	26.0	−5.0%	Cons. · Japanese GAAP
FYE Mar 2024	30.5	+17.4%	Cons. · Japanese GAAP
FYE Mar 2025	39.8	+30.2%	Cons. · Japanese GAAP
FYE Mar 2026	50.4	+26.8%	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 ¥26bn

CAGR · 10 yrs +10.8%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	10.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.0	+6.5%	Cons. · Japanese GAAP
FYE Mar 2019	11.1	+1.4%	Cons. · Japanese GAAP
FYE Mar 2020	11.6	+3.9%	Cons. · Japanese GAAP
FYE Mar 2021	10.9	−6.0%	Cons. · Japanese GAAP
FYE Mar 2022	14.1	+30.1%	Cons. · Japanese GAAP
FYE Mar 2023	16.4	+16.3%	Cons. · Japanese GAAP
FYE Mar 2024	18.9	+14.9%	Cons. · Japanese GAAP
FYE Mar 2025	20.7	+9.6%	Cons. · Japanese GAAP
FYE Mar 2026	25.9	+25.0%	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 ¥25bn

CAGR · 10 yrs +17.4%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	5.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.5	+28.8%	Cons. · Japanese GAAP
FYE Mar 2019	8.9	+19.7%	Cons. · Japanese GAAP
FYE Mar 2020	5.2	−41.9%	Cons. · Japanese GAAP
FYE Mar 2021	6.7	+28.3%	Cons. · Japanese GAAP
FYE Mar 2022	13.3	+99.1%	Cons. · Japanese GAAP
FYE Mar 2023	9.6	−27.8%	Cons. · Japanese GAAP
FYE Mar 2024	11.7	+21.8%	Cons. · Japanese GAAP
FYE Mar 2025	19.1	+63.7%	Cons. · Japanese GAAP
FYE Mar 2026	24.6	+28.8%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥4.4bn

CAGR · 10 yrs +31.6%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.1	+187.5%	Cons. · Japanese GAAP
FYE Mar 2019	1.8	+62.1%	Cons. · Japanese GAAP
FYE Mar 2020	0.8	−56.6%	Cons. · Japanese GAAP
FYE Mar 2021	0.8	+4.6%	Cons. · Japanese GAAP
FYE Mar 2022	2.1	+162.9%	Cons. · Japanese GAAP
FYE Mar 2023	3.3	+56.4%	Cons. · Japanese GAAP
FYE Mar 2024	3.9	+19.9%	Cons. · Japanese GAAP
FYE Mar 2025	1.9	−51.7%	Cons. · Japanese GAAP
FYE Mar 2026	4.4	+135.4%	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 ¥2.5bn

CAGR · 10 yrs −2.5%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	3.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.7	+17.6%	Cons. · Japanese GAAP
FYE Mar 2019	2.1	−44.8%	Cons. · Japanese GAAP
FYE Mar 2020	1.2	−43.9%	Cons. · Japanese GAAP
FYE Mar 2021	1.8	+51.3%	Cons. · Japanese GAAP
FYE Mar 2022	1.1	−40.2%	Cons. · Japanese GAAP
FYE Mar 2023	1.6	+55.3%	Cons. · Japanese GAAP
FYE Mar 2024	1.3	−19.7%	Cons. · Japanese GAAP
FYE Mar 2025	2.2	+68.7%	Cons. · Japanese GAAP
FYE Mar 2026	2.5	+14.7%	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 ¥26bn

CAGR · 10 yrs +27.5%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.8	+60.9%	Cons. · Japanese GAAP
FYE Mar 2019	8.6	+79.6%	Cons. · Japanese GAAP
FYE Mar 2020	4.8	−44.4%	Cons. · Japanese GAAP
FYE Mar 2021	5.7	+19.0%	Cons. · Japanese GAAP
FYE Mar 2022	14.3	+150.9%	Cons. · Japanese GAAP
FYE Mar 2023	11.2	−21.6%	Cons. · Japanese GAAP
FYE Mar 2024	14.3	+27.2%	Cons. · Japanese GAAP
FYE Mar 2025	18.8	+31.5%	Cons. · Japanese GAAP
FYE Mar 2026	26.5	+41.2%	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 ¥1.6bn

CAGR · 9 yrs +20.9%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2019	0.0	−99.7%	Cons. · Japanese GAAP
FYE Mar 2020	0.3	+33000.0%	Cons. · Japanese GAAP
FYE Mar 2021	0.0	−99.1%	Cons. · Japanese GAAP
FYE Mar 2022	0.0	+300.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.0	+250.0%	Cons. · Japanese GAAP
FYE Mar 2024	0.5	+1190.5%	Cons. · Japanese GAAP
FYE Mar 2025	0.2	−68.3%	Cons. · Japanese GAAP
FYE Mar 2026	1.6	+815.7%	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 ¥0.7bn

CAGR · 8 yrs −2.0%

Fiscal year	Extraordinary loss ¥ 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	0.8	n/a	Cons. · Japanese GAAP
FYE Mar 2020	1.9	+147.3%	Cons. · Japanese GAAP
FYE Mar 2021	0.6	−65.4%	Cons. · Japanese GAAP
FYE Mar 2022	1.7	+164.3%	Cons. · Japanese GAAP
FYE Mar 2023	0.6	−65.6%	Cons. · Japanese GAAP
FYE Mar 2024	0.9	+60.5%	Cons. · Japanese GAAP
FYE Mar 2025	0.4	−58.2%	Cons. · Japanese GAAP
FYE Mar 2026	0.7	+67.0%	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 ¥20bn

CAGR · 10 yrs +30.8%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	1.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.4	+147.5%	Cons. · Japanese GAAP
FYE Mar 2019	6.7	+54.2%	Cons. · Japanese GAAP
FYE Mar 2020	2.6	−61.6%	Cons. · Japanese GAAP
FYE Mar 2021	4.6	+79.4%	Cons. · Japanese GAAP
FYE Mar 2022	11.5	+146.8%	Cons. · Japanese GAAP
FYE Mar 2023	8.8	−22.7%	Cons. · Japanese GAAP
FYE Mar 2024	11.3	+27.8%	Cons. · Japanese GAAP
FYE Mar 2025	14.9	+32.0%	Cons. · Japanese GAAP
FYE Mar 2026	19.8	+32.6%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 21.0%

Average · 10 yrs 17.1%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	16.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.0	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	16.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	14.5	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2021	14.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	18.1	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2023	15.6	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2024	17.0	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2025	19.2	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2026	21.0	+1.7pp	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 10.2%

Average · 10 yrs 7.1%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	6.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.9	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	7.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	4.5	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2021	5.6	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	8.8	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2023	5.7	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2024	6.5	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	9.2	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2026	10.2	+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 11.0%

Average · 10 yrs 6.8%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	3.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.4	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	7.2	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2020	4.1	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2021	4.8	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	9.4	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2023	6.7	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2024	8.0	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	9.1	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	11.0	+1.9pp	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 8.2%

Average · 10 yrs 5.2%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	1.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.0	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2019	5.7	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	2.2	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2021	3.9	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2022	7.6	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2023	5.3	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2024	6.3	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2025	7.2	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	8.2	+1.0pp	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 79.0%

Average · 10 yrs 82.9%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	83.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	83.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	83.1	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	85.5	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2021	85.3	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	81.9	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2023	84.4	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2024	83.0	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2025	80.8	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2026	79.0	−1.7pp	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 10.7%

Average · 10 yrs 10.0%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	10.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.1	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	9.4	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	10.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	9.1	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	9.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	9.8	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	10.5	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	10.0	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	10.7	+0.7pp	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 ¥335bn

CAGR · 10 yrs +13.9%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	104	n/a	Cons. · Japanese GAAP
FYE Mar 2018	110	+6.5%	Cons. · Japanese GAAP
FYE Mar 2019	121	+9.4%	Cons. · Japanese GAAP
FYE Mar 2020	129	+7.1%	Cons. · Japanese GAAP
FYE Mar 2021	142	+9.9%	Cons. · Japanese GAAP
FYE Mar 2022	168	+18.5%	Cons. · Japanese GAAP
FYE Mar 2023	202	+20.2%	Cons. · Japanese GAAP
FYE Mar 2024	230	+13.6%	Cons. · Japanese GAAP
FYE Mar 2025	256	+11.5%	Cons. · Japanese GAAP
FYE Mar 2026	335	+30.8%	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 ¥136bn

CAGR · 10 yrs +19.1%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	28.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.0	+16.8%	Cons. · Japanese GAAP
FYE Mar 2019	33.6	+1.6%	Cons. · Japanese GAAP
FYE Mar 2020	32.3	−3.9%	Cons. · Japanese GAAP
FYE Mar 2021	40.4	+25.2%	Cons. · Japanese GAAP
FYE Mar 2022	58.5	+44.7%	Cons. · Japanese GAAP
FYE Mar 2023	77.3	+32.2%	Cons. · Japanese GAAP
FYE Mar 2024	98.2	+27.0%	Cons. · Japanese GAAP
FYE Mar 2025	108	+10.2%	Cons. · Japanese GAAP
FYE Mar 2026	136	+25.9%	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 ¥101bn

CAGR · 10 yrs +12.0%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	36.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.6	+1.1%	Cons. · Japanese GAAP
FYE Mar 2019	42.4	+16.0%	Cons. · Japanese GAAP
FYE Mar 2020	50.2	+18.3%	Cons. · Japanese GAAP
FYE Mar 2021	59.1	+17.7%	Cons. · Japanese GAAP
FYE Mar 2022	60.4	+2.3%	Cons. · Japanese GAAP
FYE Mar 2023	68.1	+12.7%	Cons. · Japanese GAAP
FYE Mar 2024	69.5	+2.0%	Cons. · Japanese GAAP
FYE Mar 2025	75.1	+8.1%	Cons. · Japanese GAAP
FYE Mar 2026	101	+34.0%	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 ¥43bn

CAGR · 10 yrs +14.9%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	12.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.3	+7.9%	Cons. · Japanese GAAP
FYE Mar 2019	7.6	−42.4%	Cons. · Japanese GAAP
FYE Mar 2020	9.7	+26.8%	Cons. · Japanese GAAP
FYE Mar 2021	20.8	+115.1%	Cons. · Japanese GAAP
FYE Mar 2022	28.2	+35.2%	Cons. · Japanese GAAP
FYE Mar 2023	29.7	+5.3%	Cons. · Japanese GAAP
FYE Mar 2024	32.2	+8.6%	Cons. · Japanese GAAP
FYE Mar 2025	40.4	+25.3%	Cons. · Japanese GAAP
FYE Mar 2026	43.0	+6.5%	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 ¥58bn

CAGR · 10 yrs +10.3%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	23.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.3	−2.5%	Cons. · Japanese GAAP
FYE Mar 2019	34.8	+49.2%	Cons. · Japanese GAAP
FYE Mar 2020	40.5	+16.4%	Cons. · Japanese GAAP
FYE Mar 2021	38.2	−5.6%	Cons. · Japanese GAAP
FYE Mar 2022	32.3	−15.6%	Cons. · Japanese GAAP
FYE Mar 2023	38.5	+19.2%	Cons. · Japanese GAAP
FYE Mar 2024	37.3	−3.2%	Cons. · Japanese GAAP
FYE Mar 2025	34.7	−6.8%	Cons. · Japanese GAAP
FYE Mar 2026	57.6	+66.1%	Cons. · Japanese GAAP

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

Intangible assets

FYE Mar 2026 ¥5.0bn

CAGR · 10 yrs +41.7%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.2	−4.1%	Cons. · Japanese GAAP
FYE Mar 2019	0.3	+28.1%	Cons. · Japanese GAAP
FYE Mar 2020	0.8	+207.4%	Cons. · Japanese GAAP
FYE Mar 2021	0.9	+12.1%	Cons. · Japanese GAAP
FYE Mar 2022	1.0	+2.9%	Cons. · Japanese GAAP
FYE Mar 2023	7.0	+633.6%	Cons. · Japanese GAAP
FYE Mar 2024	6.4	−8.3%	Cons. · Japanese GAAP
FYE Mar 2025	5.7	−11.2%	Cons. · Japanese GAAP
FYE Mar 2026	5.0	−11.7%	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 ¥4.3bn

CAGR · 5 yrs +93.6%

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	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	6.3	+1973.4%	Cons. · Japanese GAAP
FYE Mar 2024	5.6	−10.7%	Cons. · Japanese GAAP
FYE Mar 2025	5.0	−12.0%	Cons. · Japanese GAAP
FYE Mar 2026	4.3	−13.7%	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 40.6%

Average · 10 yrs 33.7%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	27.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.0	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2019	27.8	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	25.0	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2021	28.5	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2022	34.7	+6.3pp	Cons. · Japanese GAAP
FYE Mar 2023	38.2	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2024	42.7	+4.5pp	Cons. · Japanese GAAP
FYE Mar 2025	42.2	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	40.6	−1.6pp	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 73.8%

Average · 10 yrs 107.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	127.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	110.7	−17.3pp	Cons. · Japanese GAAP
FYE Mar 2019	126.2	+15.6pp	Cons. · Japanese GAAP
FYE Mar 2020	155.4	+29.1pp	Cons. · Japanese GAAP
FYE Mar 2021	146.1	−9.2pp	Cons. · Japanese GAAP
FYE Mar 2022	103.3	−42.8pp	Cons. · Japanese GAAP
FYE Mar 2023	88.1	−15.2pp	Cons. · Japanese GAAP
FYE Mar 2024	70.7	−17.4pp	Cons. · Japanese GAAP
FYE Mar 2025	69.4	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2026	73.8	+4.5pp	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 14.5%

Average · 10 yrs 13.0%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	6.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.2	+7.0pp	Cons. · Japanese GAAP
FYE Mar 2019	20.1	+6.8pp	Cons. · Japanese GAAP
FYE Mar 2020	8.0	−12.1pp	Cons. · Japanese GAAP
FYE Mar 2021	11.5	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2022	19.6	+8.1pp	Cons. · Japanese GAAP
FYE Mar 2023	11.4	−8.1pp	Cons. · Japanese GAAP
FYE Mar 2024	11.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	13.8	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2026	14.5	+0.7pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 5.9%

Average · 10 yrs 4.4%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.0	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2019	5.6	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	2.0	−3.6pp	Cons. · Japanese GAAP
FYE Mar 2021	3.3	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2022	6.8	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2023	4.4	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2024	4.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	5.8	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	5.9	+0.1pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.72×

CAGR · 10 yrs −2.8%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.93	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.98	+6.3%	Cons. · Japanese GAAP
FYE Mar 2019	0.99	+0.2%	Cons. · Japanese GAAP
FYE Mar 2020	0.89	−9.3%	Cons. · Japanese GAAP
FYE Mar 2021	0.84	−6.0%	Cons. · Japanese GAAP
FYE Mar 2022	0.90	+7.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.83	−8.0%	Cons. · Japanese GAAP
FYE Mar 2024	0.78	−5.6%	Cons. · Japanese GAAP
FYE Mar 2025	0.81	+3.4%	Cons. · Japanese GAAP
FYE Mar 2026	0.72	−11.1%	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 ¥28bn

CAGR · 10 yrs +10.1%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	11.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.4	−10.2%	Cons. · Japanese GAAP
FYE Mar 2019	11.5	+9.9%	Cons. · Japanese GAAP
FYE Mar 2020	11.2	−2.0%	Cons. · Japanese GAAP
FYE Mar 2021	7.9	−30.1%	Cons. · Japanese GAAP
FYE Mar 2022	14.0	+78.0%	Cons. · Japanese GAAP
FYE Mar 2023	15.7	+12.4%	Cons. · Japanese GAAP
FYE Mar 2024	23.4	+48.6%	Cons. · Japanese GAAP
FYE Mar 2025	21.7	−7.3%	Cons. · Japanese GAAP
FYE Mar 2026	27.5	+27.1%	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 -¥55bn

Average · 10 yrs -¥20bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-4.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-8.9	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-17.3	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-14.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-9.5	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-11.8	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-29.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-21.6	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-24.3	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-55.5	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 ¥30bn

Average · 10 yrs ¥4.5bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-9.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-3.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	6.2	+219.5%	Cons. · Japanese GAAP
FYE Mar 2021	-0.6	−109.9%	Cons. · Japanese GAAP
FYE Mar 2022	-4.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	20.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	0.7	−96.6%	Cons. · Japanese GAAP
FYE Mar 2025	4.1	+508.1%	Cons. · Japanese GAAP
FYE Mar 2026	30.1	+626.4%	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 ¥26bn

CAGR · 10 yrs +4.9%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	17.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.2	−11.7%	Cons. · Japanese GAAP
FYE Mar 2019	11.4	−24.8%	Cons. · Japanese GAAP
FYE Mar 2020	13.6	+19.5%	Cons. · Japanese GAAP
FYE Mar 2021	12.1	−11.2%	Cons. · Japanese GAAP
FYE Mar 2022	10.5	−13.8%	Cons. · Japanese GAAP
FYE Mar 2023	17.3	+65.9%	Cons. · Japanese GAAP
FYE Mar 2024	21.4	+23.2%	Cons. · Japanese GAAP
FYE Mar 2025	22.9	+7.3%	Cons. · Japanese GAAP
FYE Mar 2026	26.5	+15.5%	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 -¥28bn

Average · 10 yrs -¥4.2bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	7.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.6	−78.6%	Cons. · Japanese GAAP
FYE Mar 2019	-5.8	−473.2%	Cons. · Japanese GAAP
FYE Mar 2020	-3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-13.3	−708.6%	Cons. · Japanese GAAP
FYE Mar 2024	1.8	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-2.7	−250.9%	Cons. · Japanese GAAP
FYE Mar 2026	-27.9	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 11.4%

Average · 10 yrs 10.1%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	12.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.6	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2019	9.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	9.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	6.6	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2022	9.2	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2023	9.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	13.0	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2025	10.5	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2026	11.4	+1.0pp	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 -¥74bn

Average · 10 yrs -¥43bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-19.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-21.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-31.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-36.5	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-46.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-50.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-50.8	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-48.1	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-52.2	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-74.2	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 ¥647bn

Change · 10 yrs +¥623bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	23.5	n/a
FYE Mar 2018	49.0	n/a
FYE Mar 2019	46.3	n/a
FYE Mar 2020	35.8	n/a
FYE Mar 2021	72.2	n/a
FYE Mar 2022	108	n/a
FYE Mar 2023	78.1	n/a
FYE Mar 2024	145	n/a
FYE Mar 2025	183	n/a
FYE Mar 2026	647	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 24,123¥

Change · 10 yrs +23,246¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	877	n/a
FYE Mar 2018	1,828	n/a
FYE Mar 2019	1,726	n/a
FYE Mar 2020	1,334	n/a
FYE Mar 2021	2,695	n/a
FYE Mar 2022	4,042	n/a
FYE Mar 2023	2,915	n/a
FYE Mar 2024	5,402	n/a
FYE Mar 2025	6,834	n/a
FYE Mar 2026	24,123	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 26,803,320shares

Change · 10 yrs −0 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	26,803,320	Parent
FYE Mar 2018	26,803,320	Parent
FYE Mar 2019	26,803,320	Parent
FYE Mar 2020	26,803,320	Parent
FYE Mar 2021	26,803,320	Parent
FYE Mar 2022	26,803,320	Parent
FYE Mar 2023	26,803,320	Parent
FYE Mar 2024	26,803,320	Parent
FYE Mar 2025	26,803,320	Parent
FYE Mar 2026	26,803,320	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 758.59¥

Change · 10 yrs +704.45¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	54.14	Cons.
FYE Mar 2018	160.34	Cons.
FYE Mar 2019	257.65	Cons.
FYE Mar 2020	98.81	Cons.
FYE Mar 2021	177.33	Cons.
FYE Mar 2022	444.23	Cons.
FYE Mar 2023	338.94	Cons.
FYE Mar 2024	428.70	Cons.
FYE Mar 2025	569.47	Cons.
FYE Mar 2026	758.59	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 5,084.03¥

Change · 10 yrs +4,028.83¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,055.21	Cons. · Japanese GAAP
FYE Mar 2018	1,232.76	Cons. · Japanese GAAP
FYE Mar 2019	1,253.09	Cons. · Japanese GAAP
FYE Mar 2020	1,204.66	Cons. · Japanese GAAP
FYE Mar 2021	1,507.95	Cons. · Japanese GAAP
FYE Mar 2022	2,182.16	Cons. · Japanese GAAP
FYE Mar 2023	2,884.75	Cons. · Japanese GAAP
FYE Mar 2024	3,663.13	Cons. · Japanese GAAP
FYE Mar 2025	4,038.23	Cons. · Japanese GAAP
FYE Mar 2026	5,084.03	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 31.80×

Average · 10 yrs 13.71×

Fiscal year	PER ×	Basis
FYE Mar 2017	16.20	Cons.
FYE Mar 2018	11.40	Cons.
FYE Mar 2019	6.70	Cons.
FYE Mar 2020	13.50	Cons.
FYE Mar 2021	15.20	Cons.
FYE Mar 2022	9.10	Cons.
FYE Mar 2023	8.60	Cons.
FYE Mar 2024	12.60	Cons.
FYE Mar 2025	12.00	Cons.
FYE Mar 2026	31.80	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 4.80×

Average · 10 yrs 1.78×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.99	Cons.
FYE Mar 2018	1.71	Cons.
FYE Mar 2019	1.35	Cons.
FYE Mar 2020	1.08	Cons.
FYE Mar 2021	1.74	Cons.
FYE Mar 2022	1.77	Cons.
FYE Mar 2023	1.07	Cons.
FYE Mar 2024	1.52	Cons.
FYE Mar 2025	1.73	Cons.
FYE Mar 2026	4.80	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 14,332people

Change · 10 yrs +3,655 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	10,677	n/a	Cons.
FYE Mar 2018	11,640	+9.0%	Cons.
FYE Mar 2019	11,899	+2.2%	Cons.
FYE Mar 2020	12,232	+2.8%	Cons.
FYE Mar 2021	13,721	+12.2%	Cons.
FYE Mar 2022	13,637	−0.6%	Cons.
FYE Mar 2023	11,889	−12.8%	Cons.
FYE Mar 2024	11,912	+0.2%	Cons.
FYE Mar 2025	12,706	+6.7%	Cons.
FYE Mar 2026	14,332	+12.8%	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 565people

Change · 10 yrs +134 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	431	n/a	Parent
FYE Mar 2018	451	+4.6%	Parent
FYE Mar 2019	478	+6.0%	Parent
FYE Mar 2020	517	+8.2%	Parent
FYE Mar 2021	532	+2.9%	Parent
FYE Mar 2022	533	+0.2%	Parent
FYE Mar 2023	555	+4.1%	Parent
FYE Mar 2024	566	+2.0%	Parent
FYE Mar 2025	552	−2.5%	Parent
FYE Mar 2026	565	+2.4%	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 713万円

Change · 8 yrs +87万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	626	n/a	Parent
FYE Mar 2020	627	+0.1%	Parent
FYE Mar 2021	595	−5.1%	Parent
FYE Mar 2022	632	+6.3%	Parent
FYE Mar 2023	625	−1.1%	Parent
FYE Mar 2024	617	−1.4%	Parent
FYE Mar 2025	659	+6.9%	Parent
FYE Mar 2026	713	+8.2%	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 45.6years

Change · 8 yrs +0.4 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	45.1	n/a	Parent
FYE Mar 2020	45.7	+1.3%	Parent
FYE Mar 2021	46.2	+1.0%	Parent
FYE Mar 2022	45.9	−0.6%	Parent
FYE Mar 2023	45.1	−1.8%	Parent
FYE Mar 2024	45.1	+0.1%	Parent
FYE Mar 2025	45.9	+1.6%	Parent
FYE Mar 2026	45.6	−0.6%	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 15.4years

Change · 8 yrs +0.8 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	14.6	n/a	Parent
FYE Mar 2020	14.9	+2.1%	Parent
FYE Mar 2021	15.6	+4.9%	Parent
FYE Mar 2022	15.7	+0.3%	Parent
FYE Mar 2023	15.1	−3.8%	Parent
FYE Mar 2024	15.4	+2.3%	Parent
FYE Mar 2025	15.6	+1.1%	Parent
FYE Mar 2026	15.4	−1.3%	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 688people

Change · 10 yrs −197 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	885	n/a	n/a
FYE Mar 2018	1,182	+33.6%	n/a
FYE Mar 2019	1,351	+14.3%	n/a
FYE Mar 2020	1,450	+7.3%	n/a
FYE Mar 2021	1,117	−23.0%	n/a
FYE Mar 2022	575	−48.5%	n/a
FYE Mar 2023	423	−26.4%	n/a
FYE Mar 2024	430	+1.7%	n/a
FYE Mar 2025	522	+21.4%	n/a
FYE Mar 2026	688	+31.8%	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 ¥16.8m

Change · 10 yrs +¥7.8m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	9.0	n/a	Cons.
FYE Mar 2018	9.3	+3.8%	Cons.
FYE Mar 2019	10.0	+7.2%	Cons.
FYE Mar 2020	9.4	−5.5%	Cons.
FYE Mar 2021	8.7	−7.9%	Cons.
FYE Mar 2022	11.1	+27.6%	Cons.
FYE Mar 2023	14.1	+26.8%	Cons.
FYE Mar 2024	15.1	+7.1%	Cons.
FYE Mar 2025	16.3	+8.0%	Cons.
FYE Mar 2026	16.8	+3.1%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥1.7m

Change · 10 yrs +¥1.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	0.5	n/a	Cons.
FYE Mar 2018	0.6	+18.2%	Cons.
FYE Mar 2019	0.8	+17.1%	Cons.
FYE Mar 2020	0.4	−43.4%	Cons.
FYE Mar 2021	0.5	+14.4%	Cons.
FYE Mar 2022	1.0	+100.3%	Cons.
FYE Mar 2023	0.8	−17.1%	Cons.
FYE Mar 2024	1.0	+21.5%	Cons.
FYE Mar 2025	1.5	+53.4%	Cons.
FYE Mar 2026	1.7	+14.2%	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

Meiko’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/6787/company.json ·/api/6787/history.json ·/api/6787/ceo.json ·/api/6787/financials.json ·/api/6787/financials/segment.json ·/api/6787/financials/pl.json ·/api/6787/financials/cf.json ·/api/6787/financials/bs.json ·/api/6787/financials/employee.json ·/api/6787/financials/stock.json ·/api/6787/financials.csv ·/api/6787/financials_history.csv

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