Financials

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

FYE Mar 2026 · Revenue¥299bnYoY −0.5%

FYE Mar 2026 · Operating profit¥47bnYoY +14.0%

FYE Mar 2026 · Net profit¥39bnYoY −5.8%

FYE Mar 2026 · Equity ratio76.1%YoY +0.8pp

FYE Mar 2026 · Group employees9,170YoY +248

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥255bn	n/a	¥20bn	n/a	7.9%	¥13bn	Sone Hirozumi	—
FYE Mar 2018Consolidated	¥260bn	+2.2%	¥24bn	+19.3%	9.2%	¥18bn	Sone Hirozumi	—
FYE Mar 2019Consolidated	¥262bn	+0.6%	¥27bn	+11.1%	10.2%	¥19bn	Sone Hirozumi	—
FYE Mar 2020Consolidated	¥259bn	−1.0%	¥27bn	+2.1%	10.5%	¥20bn	Sone Hirozumi	New production building opens at the Shonan plant; metropolitan production consolidated
FYE Mar 2021Consolidated	¥247bn	−4.9%	¥26bn	−5.6%	10.4%	¥20bn	Sone Hirozumi	<a class="en-history_person" href="/tse/6845/executives/ceo/yamamoto-kiyohiro/" hreflang="ja">Yamamoto Kiyohiro</a> becomes president; <a class="en-history_person" href="/tse/6845/executives/ceo/sone-hirozumi/" hreflang="ja">Sone Hirozumi</a> takes the chair
FYE Mar 2022Consolidated	¥257bn	+3.9%	¥28bn	+9.8%	11.0%	¥21bn	Yamamoto Kiyohiro	Medium-term plan for fiscal 2021–2024 begins under <q>advanced automation</q>
FYE Mar 2023Consolidated	¥278bn	+8.5%	¥31bn	+10.7%	11.2%	¥23bn	Yamamoto Kiyohiro	Moves to the Prime Market of the Tokyo Stock Exchange
FYE Mar 2024Consolidated	¥291bn	+4.5%	¥37bn	+17.9%	12.7%	¥30bn	Yamamoto Kiyohiro	—
FYE Mar 2025Consolidated	¥300bn	+3.2%	¥41bn	+12.6%	13.8%	¥41bn	Yamamoto Kiyohiro	Azbil Telstar transferred to Syntegon Technology's Falcon Acquisition
FYE Mar 2026Consolidated	¥299bn	−0.5%	¥47bn	+14.0%	15.8%	¥39bn	Yamamoto Kiyohiro	Azbil Vietnam Production established

How it compares

Keyence¥1.17tnFY2025Operating margin 51.0%Yokogawa Electric¥605bnFY2025Operating margin 13.6%Shimadzu¥561bnFY2025Operating margin 13.1%Horiba¥333bnFY2025Operating margin 15.9%

Azbil¥299bnFY2025Operating margin 15.8%

JEOL¥179bnFY2025Operating margin 14.5%

Furuno Electric¥141bnFY2025Operating margin 11.6%

Anritsu¥117bnFY2025Operating margin 12.6%

Rigaku Holdings Corporation¥94bnFY2025Operating margin 17.7%

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 ¥299bn

CAGR · 10 yrs +1.8%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	255	n/a	Cons. · Japanese GAAP
FYE Mar 2018	260	+2.2%	Cons. · Japanese GAAP
FYE Mar 2019	262	+0.6%	Cons. · Japanese GAAP
FYE Mar 2020	259	−1.0%	Cons. · Japanese GAAP
FYE Mar 2021	247	−4.9%	Cons. · Japanese GAAP
FYE Mar 2022	257	+3.9%	Cons. · Japanese GAAP
FYE Mar 2023	278	+8.5%	Cons. · Japanese GAAP
FYE Mar 2024	291	+4.5%	Cons. · Japanese GAAP
FYE Mar 2025	300	+3.2%	Cons. · Japanese GAAP
FYE Mar 2026	299	−0.5%	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 ¥159bn

CAGR · 10 yrs −0.3%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	163	n/a	Cons. · Japanese GAAP
FYE Mar 2018	163	−0.3%	Cons. · Japanese GAAP
FYE Mar 2019	160	−2.0%	Cons. · Japanese GAAP
FYE Mar 2020	156	−2.5%	Cons. · Japanese GAAP
FYE Mar 2021	147	−5.3%	Cons. · Japanese GAAP
FYE Mar 2022	151	+2.3%	Cons. · Japanese GAAP
FYE Mar 2023	166	+10.4%	Cons. · Japanese GAAP
FYE Mar 2024	168	+0.9%	Cons. · Japanese GAAP
FYE Mar 2025	169	+0.3%	Cons. · Japanese GAAP
FYE Mar 2026	159	−5.4%	Cons. · Japanese GAAP

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

Gross profit

FYE Mar 2026 ¥140bn

CAGR · 10 yrs +4.8%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	91.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	97.5	+6.5%	Cons. · Japanese GAAP
FYE Mar 2019	102	+5.0%	Cons. · Japanese GAAP
FYE Mar 2020	104	+1.3%	Cons. · Japanese GAAP
FYE Mar 2021	99.4	−4.1%	Cons. · Japanese GAAP
FYE Mar 2022	106	+6.4%	Cons. · Japanese GAAP
FYE Mar 2023	112	+5.9%	Cons. · Japanese GAAP
FYE Mar 2024	123	+9.9%	Cons. · Japanese GAAP
FYE Mar 2025	132	+7.2%	Cons. · Japanese GAAP
FYE Mar 2026	140	+5.9%	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 ¥92bn

CAGR · 10 yrs +2.9%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	71.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	73.5	+3.0%	Cons. · Japanese GAAP
FYE Mar 2019	75.6	+3.0%	Cons. · Japanese GAAP
FYE Mar 2020	76.4	+1.0%	Cons. · Japanese GAAP
FYE Mar 2021	73.6	−3.6%	Cons. · Japanese GAAP
FYE Mar 2022	77.5	+5.2%	Cons. · Japanese GAAP
FYE Mar 2023	80.7	+4.1%	Cons. · Japanese GAAP
FYE Mar 2024	86.1	+6.7%	Cons. · Japanese GAAP
FYE Mar 2025	90.4	+4.9%	Cons. · Japanese GAAP
FYE Mar 2026	92.3	+2.1%	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 ¥47bn

CAGR · 10 yrs +9.9%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	20.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	24.0	+19.3%	Cons. · Japanese GAAP
FYE Mar 2019	26.7	+11.1%	Cons. · Japanese GAAP
FYE Mar 2020	27.3	+2.1%	Cons. · Japanese GAAP
FYE Mar 2021	25.7	−5.6%	Cons. · Japanese GAAP
FYE Mar 2022	28.2	+9.8%	Cons. · Japanese GAAP
FYE Mar 2023	31.3	+10.7%	Cons. · Japanese GAAP
FYE Mar 2024	36.8	+17.9%	Cons. · Japanese GAAP
FYE Mar 2025	41.5	+12.6%	Cons. · Japanese GAAP
FYE Mar 2026	47.3	+14.0%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥2.8bn

CAGR · 10 yrs +13.4%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.9	+5.7%	Cons. · Japanese GAAP
FYE Mar 2019	1.3	+36.8%	Cons. · Japanese GAAP
FYE Mar 2020	1.1	−13.7%	Cons. · Japanese GAAP
FYE Mar 2021	1.1	−3.9%	Cons. · Japanese GAAP
FYE Mar 2022	1.7	+60.9%	Cons. · Japanese GAAP
FYE Mar 2023	1.5	−12.3%	Cons. · Japanese GAAP
FYE Mar 2024	2.7	+76.7%	Cons. · Japanese GAAP
FYE Mar 2025	1.7	−35.1%	Cons. · Japanese GAAP
FYE Mar 2026	2.8	+60.3%	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 ¥1.3bn

CAGR · 10 yrs +9.9%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	0.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.7	+16.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.3	−52.3%	Cons. · Japanese GAAP
FYE Mar 2020	0.7	+110.3%	Cons. · Japanese GAAP
FYE Mar 2021	0.4	−31.3%	Cons. · Japanese GAAP
FYE Mar 2022	0.4	−4.5%	Cons. · Japanese GAAP
FYE Mar 2023	0.6	+43.9%	Cons. · Japanese GAAP
FYE Mar 2024	0.5	−19.0%	Cons. · Japanese GAAP
FYE Mar 2025	1.0	+108.4%	Cons. · Japanese GAAP
FYE Mar 2026	1.3	+25.7%	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 ¥49bn

CAGR · 10 yrs +10.1%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	20.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	24.3	+18.8%	Cons. · Japanese GAAP
FYE Mar 2019	27.7	+13.8%	Cons. · Japanese GAAP
FYE Mar 2020	27.7	+0.2%	Cons. · Japanese GAAP
FYE Mar 2021	26.3	−5.0%	Cons. · Japanese GAAP
FYE Mar 2022	29.5	+12.1%	Cons. · Japanese GAAP
FYE Mar 2023	32.1	+8.9%	Cons. · Japanese GAAP
FYE Mar 2024	39.0	+21.3%	Cons. · Japanese GAAP
FYE Mar 2025	42.2	+8.1%	Cons. · Japanese GAAP
FYE Mar 2026	48.8	+15.6%	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 ¥2.1bn

CAGR · 10 yrs +38.9%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.7	+501.8%	Cons. · Japanese GAAP
FYE Mar 2019	2.2	+237.6%	Cons. · Japanese GAAP
FYE Mar 2020	0.8	−64.1%	Cons. · Japanese GAAP
FYE Mar 2021	2.2	+174.7%	Cons. · Japanese GAAP
FYE Mar 2022	0.9	−60.8%	Cons. · Japanese GAAP
FYE Mar 2023	2.7	+210.9%	Cons. · Japanese GAAP
FYE Mar 2024	3.4	+25.3%	Cons. · Japanese GAAP
FYE Mar 2025	11.2	+234.0%	Cons. · Japanese GAAP
FYE Mar 2026	2.1	−81.2%	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 n/a

CAGR · 5 yrs −16.1%

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	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2021	0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2022	0.3	−36.5%	Cons. · Japanese GAAP
FYE Mar 2023	2.7	+700.3%	Cons. · Japanese GAAP
FYE Mar 2024	0.5	−82.4%	Cons. · Japanese GAAP
FYE Mar 2025	0.3	−44.6%	Cons. · Japanese GAAP
FYE Mar 2026	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 2026 ¥39bn

CAGR · 10 yrs +12.7%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	13.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.9	+36.0%	Cons. · Japanese GAAP
FYE Mar 2019	19.0	+5.9%	Cons. · Japanese GAAP
FYE Mar 2020	19.8	+4.4%	Cons. · Japanese GAAP
FYE Mar 2021	19.9	+0.6%	Cons. · Japanese GAAP
FYE Mar 2022	20.8	+4.3%	Cons. · Japanese GAAP
FYE Mar 2023	22.6	+8.7%	Cons. · Japanese GAAP
FYE Mar 2024	30.2	+33.6%	Cons. · Japanese GAAP
FYE Mar 2025	41.0	+35.6%	Cons. · Japanese GAAP
FYE Mar 2026	38.6	−5.8%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 46.7%

Average · 10 yrs 40.7%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	35.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	37.4	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	39.1	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	40.0	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	40.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	41.2	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	40.2	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	42.3	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2025	43.9	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2026	46.7	+2.8pp	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 15.8%

Average · 10 yrs 11.3%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	7.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.2	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	10.2	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2020	10.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	10.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	11.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	11.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	12.7	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2025	13.8	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	15.8	+2.0pp	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 16.3%

Average · 10 yrs 11.6%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	8.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.3	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	10.6	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	10.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	10.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	11.5	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2023	11.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	13.4	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2025	14.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	16.3	+2.3pp	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 12.9%

Average · 10 yrs 8.8%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	5.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.9	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2019	7.2	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	7.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	8.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	8.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2023	8.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	10.4	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2025	13.6	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2026	12.9	−0.7pp	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 53.3%

Average · 10 yrs 59.3%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	64.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	62.6	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	60.9	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	60.0	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	59.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	58.8	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	59.8	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	57.7	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2025	56.1	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2026	53.3	−2.8pp	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 30.9%

Average · 10 yrs 29.4%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	28.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	28.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	28.9	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	29.4	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	29.8	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	30.2	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	29.0	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	29.6	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	30.1	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	30.9	+0.8pp	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 ¥332bn

CAGR · 10 yrs +2.6%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	263	n/a	Cons. · Japanese GAAP
FYE Mar 2018	274	+4.0%	Cons. · Japanese GAAP
FYE Mar 2019	276	+0.6%	Cons. · Japanese GAAP
FYE Mar 2020	275	−0.3%	Cons. · Japanese GAAP
FYE Mar 2021	285	+3.7%	Cons. · Japanese GAAP
FYE Mar 2022	280	−1.6%	Cons. · Japanese GAAP
FYE Mar 2023	297	+6.0%	Cons. · Japanese GAAP
FYE Mar 2024	314	+5.7%	Cons. · Japanese GAAP
FYE Mar 2025	315	+0.4%	Cons. · Japanese GAAP
FYE Mar 2026	332	+5.4%	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 ¥253bn

CAGR · 10 yrs +4.9%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	164	n/a	Cons. · Japanese GAAP
FYE Mar 2018	176	+7.4%	Cons. · Japanese GAAP
FYE Mar 2019	181	+2.9%	Cons. · Japanese GAAP
FYE Mar 2020	183	+1.1%	Cons. · Japanese GAAP
FYE Mar 2021	198	+8.2%	Cons. · Japanese GAAP
FYE Mar 2022	200	+1.1%	Cons. · Japanese GAAP
FYE Mar 2023	203	+1.3%	Cons. · Japanese GAAP
FYE Mar 2024	222	+9.2%	Cons. · Japanese GAAP
FYE Mar 2025	237	+7.1%	Cons. · Japanese GAAP
FYE Mar 2026	253	+6.6%	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 ¥9.9bn

CAGR · 10 yrs −1.3%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	11.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.7	−4.4%	Cons. · Japanese GAAP
FYE Mar 2019	10.0	−6.2%	Cons. · Japanese GAAP
FYE Mar 2020	8.6	−14.5%	Cons. · Japanese GAAP
FYE Mar 2021	9.3	+9.0%	Cons. · Japanese GAAP
FYE Mar 2022	8.3	−10.7%	Cons. · Japanese GAAP
FYE Mar 2023	12.4	+48.7%	Cons. · Japanese GAAP
FYE Mar 2024	9.5	−23.9%	Cons. · Japanese GAAP
FYE Mar 2025	5.5	−42.0%	Cons. · Japanese GAAP
FYE Mar 2026	9.9	+80.4%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Mar 2026 ¥4.8bn

CAGR · 10 yrs −8.5%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	10.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.2	−4.7%	Cons. · Japanese GAAP
FYE Mar 2019	9.9	−3.0%	Cons. · Japanese GAAP
FYE Mar 2020	8.2	−16.6%	Cons. · Japanese GAAP
FYE Mar 2021	9.0	+9.8%	Cons. · Japanese GAAP
FYE Mar 2022	8.0	−10.9%	Cons. · Japanese GAAP
FYE Mar 2023	8.8	+9.5%	Cons. · Japanese GAAP
FYE Mar 2024	7.5	−15.3%	Cons. · Japanese GAAP
FYE Mar 2025	4.9	−34.9%	Cons. · Japanese GAAP
FYE Mar 2026	4.8	−0.9%	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 ¥5.1bn

CAGR · 10 yrs +29.2%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.5	+1.8%	Cons. · Japanese GAAP
FYE Mar 2019	0.2	−68.7%	Cons. · Japanese GAAP
FYE Mar 2020	0.4	+117.4%	Cons. · Japanese GAAP
FYE Mar 2021	0.3	−10.6%	Cons. · Japanese GAAP
FYE Mar 2022	0.3	−4.2%	Cons. · Japanese GAAP
FYE Mar 2023	3.6	+1100.7%	Cons. · Japanese GAAP
FYE Mar 2024	2.0	−44.9%	Cons. · Japanese GAAP
FYE Mar 2025	0.6	−68.8%	Cons. · Japanese GAAP
FYE Mar 2026	5.1	+718.2%	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 ¥8.3bn

CAGR · 10 yrs +4.9%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	5.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.3	−2.1%	Cons. · Japanese GAAP
FYE Mar 2019	5.1	−2.5%	Cons. · Japanese GAAP
FYE Mar 2020	5.2	+1.7%	Cons. · Japanese GAAP
FYE Mar 2021	5.5	+4.7%	Cons. · Japanese GAAP
FYE Mar 2022	5.7	+4.7%	Cons. · Japanese GAAP
FYE Mar 2023	6.2	+7.5%	Cons. · Japanese GAAP
FYE Mar 2024	6.2	−0.2%	Cons. · Japanese GAAP
FYE Mar 2025	7.5	+21.4%	Cons. · Japanese GAAP
FYE Mar 2026	8.3	+11.3%	Cons. · Japanese GAAP

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

Equity ratio

FYE Mar 2026 76.1%

Average · 10 yrs 69.0%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	62.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	64.3	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2019	65.7	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2020	66.7	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	69.6	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2022	71.5	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2023	68.3	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2024	70.6	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2025	75.3	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2026	76.1	+0.8pp	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 3.9%

Average · 10 yrs 4.9%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	6.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.1	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	5.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	4.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	4.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	4.2	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	6.1	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2024	4.3	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2025	2.3	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2026	3.9	+1.6pp	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 15.3%

Average · 10 yrs 11.7%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	8.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.2	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2019	10.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	10.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	10.0	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	10.4	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	11.1	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	13.6	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2025	17.3	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2026	15.3	−2.0pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 11.6%

Average · 10 yrs 8.2%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	5.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.5	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	6.9	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	7.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	7.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	7.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	7.6	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	9.6	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2025	13.0	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2026	11.6	−1.4pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.90×

CAGR · 10 yrs −0.8%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.97	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.95	−1.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.95	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.94	−0.7%	Cons. · Japanese GAAP
FYE Mar 2021	0.87	−8.2%	Cons. · Japanese GAAP
FYE Mar 2022	0.92	+5.6%	Cons. · Japanese GAAP
FYE Mar 2023	0.94	+2.4%	Cons. · Japanese GAAP
FYE Mar 2024	0.93	−1.1%	Cons. · Japanese GAAP
FYE Mar 2025	0.95	+2.8%	Cons. · Japanese GAAP
FYE Mar 2026	0.90	−5.6%	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 ¥38bn

CAGR · 10 yrs +7.4%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	19.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.5	−2.3%	Cons. · Japanese GAAP
FYE Mar 2019	16.1	−17.3%	Cons. · Japanese GAAP
FYE Mar 2020	29.8	+85.0%	Cons. · Japanese GAAP
FYE Mar 2021	22.6	−24.2%	Cons. · Japanese GAAP
FYE Mar 2022	10.1	−55.2%	Cons. · Japanese GAAP
FYE Mar 2023	13.1	+29.6%	Cons. · Japanese GAAP
FYE Mar 2024	27.5	+109.9%	Cons. · Japanese GAAP
FYE Mar 2025	44.0	+59.6%	Cons. · Japanese GAAP
FYE Mar 2026	38.0	−13.5%	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 -¥6.5bn

Average · 10 yrs -¥3.0bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-9.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-4.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-4.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-4.0	−1509.9%	Cons. · Japanese GAAP
FYE Mar 2023	-2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-2.4	n/a	Cons. · Japanese GAAP
FYE Mar 2025	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-6.5	−418.5%	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 -¥18bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-6.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-10.9	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-12.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-18.8	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-20.6	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-19.7	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-22.5	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-29.8	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-30.1	n/a	Cons. · Japanese GAAP

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Mar 2026 ¥98bn

CAGR · 10 yrs +5.6%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	59.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	68.6	+14.7%	Cons. · Japanese GAAP
FYE Mar 2019	68.1	−0.7%	Cons. · Japanese GAAP
FYE Mar 2020	74.7	+9.7%	Cons. · Japanese GAAP
FYE Mar 2021	90.7	+21.3%	Cons. · Japanese GAAP
FYE Mar 2022	77.9	−14.1%	Cons. · Japanese GAAP
FYE Mar 2023	71.2	−8.5%	Cons. · Japanese GAAP
FYE Mar 2024	75.6	+6.1%	Cons. · Japanese GAAP
FYE Mar 2025	92.6	+22.5%	Cons. · Japanese GAAP
FYE Mar 2026	97.9	+5.7%	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 ¥32bn

CAGR · 10 yrs +12.6%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	10.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.4	+78.5%	Cons. · Japanese GAAP
FYE Mar 2019	12.0	−38.1%	Cons. · Japanese GAAP
FYE Mar 2020	25.6	+113.0%	Cons. · Japanese GAAP
FYE Mar 2021	22.9	−10.7%	Cons. · Japanese GAAP
FYE Mar 2022	6.1	−73.2%	Cons. · Japanese GAAP
FYE Mar 2023	11.1	+81.7%	Cons. · Japanese GAAP
FYE Mar 2024	25.2	+126.0%	Cons. · Japanese GAAP
FYE Mar 2025	46.0	+82.6%	Cons. · Japanese GAAP
FYE Mar 2026	31.6	−31.4%	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 12.7%

Average · 10 yrs 8.8%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	7.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.5	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	6.1	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	11.5	+5.3pp	Cons. · Japanese GAAP
FYE Mar 2021	9.2	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2022	3.9	−5.2pp	Cons. · Japanese GAAP
FYE Mar 2023	4.7	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	9.5	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2025	14.6	+5.2pp	Cons. · Japanese GAAP
FYE Mar 2026	12.7	−1.9pp	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 ¥88bn

CAGR · 10 yrs +6.8%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	48.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	58.0	+19.1%	Cons. · Japanese GAAP
FYE Mar 2019	58.1	+0.3%	Cons. · Japanese GAAP
FYE Mar 2020	66.2	+13.9%	Cons. · Japanese GAAP
FYE Mar 2021	81.3	+22.9%	Cons. · Japanese GAAP
FYE Mar 2022	69.5	−14.5%	Cons. · Japanese GAAP
FYE Mar 2023	58.8	−15.4%	Cons. · Japanese GAAP
FYE Mar 2024	66.1	+12.5%	Cons. · Japanese GAAP
FYE Mar 2025	87.2	+31.8%	Cons. · Japanese GAAP
FYE Mar 2026	88.0	+1.0%	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 ¥733bn

Change · 10 yrs +¥452bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	281	n/a
FYE Mar 2018	368	n/a
FYE Mar 2019	384	n/a
FYE Mar 2020	407	n/a
FYE Mar 2021	692	n/a
FYE Mar 2022	594	n/a
FYE Mar 2023	519	n/a
FYE Mar 2024	593	n/a
FYE Mar 2025	646	n/a
FYE Mar 2026	733	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 1,354¥

Change · 10 yrs −2,386¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	3,740	n/a
FYE Mar 2018	4,955	n/a
FYE Mar 2019	2,589	n/a
FYE Mar 2020	2,803	n/a
FYE Mar 2021	4,765	n/a
FYE Mar 2022	4,090	n/a
FYE Mar 2023	3,610	n/a
FYE Mar 2024	4,193	n/a
FYE Mar 2025	1,151	n/a
FYE Mar 2026	1,354	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 541,372,736shares

Change · 10 yrs +466,256,635 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	75,116,101	Parent
FYE Mar 2018	74,250,442	Parent
FYE Mar 2019	148,500,884	Parent
FYE Mar 2020	145,200,884	Parent
FYE Mar 2021	145,200,884	Parent
FYE Mar 2022	145,200,884	Parent
FYE Mar 2023	143,700,884	Parent
FYE Mar 2024	141,508,184	Parent
FYE Mar 2025	560,672,736	Parent
FYE Mar 2026	541,372,736	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 75.76¥

Change · 10 yrs −14.02¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	89.78	Cons.
FYE Mar 2018	123.08	Cons.
FYE Mar 2019	132.03	Cons.
FYE Mar 2020	140.80	Cons.
FYE Mar 2021	35.69	Cons.
FYE Mar 2022	37.70	Cons.
FYE Mar 2023	42.07	Cons.
FYE Mar 2024	57.10	Cons.
FYE Mar 2025	77.96	Cons.
FYE Mar 2026	75.76	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 467.06¥

Change · 10 yrs −1,713.86¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	2,180.92	Cons. · Japanese GAAP
FYE Mar 2018	2,370.29	Cons. · Japanese GAAP
FYE Mar 2019	1,219.81	Cons. · Japanese GAAP
FYE Mar 2020	1,261.62	Cons. · Japanese GAAP
FYE Mar 2021	1,364.94	Cons. · Japanese GAAP
FYE Mar 2022	1,379.56	Cons. · Japanese GAAP
FYE Mar 2023	1,411.40	Cons. · Japanese GAAP
FYE Mar 2024	1,565.44	Cons. · Japanese GAAP
FYE Mar 2025	423.07	Cons. · Japanese GAAP
FYE Mar 2026	467.06	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 17.87×

Average · 10 yrs 21.34×

Fiscal year	PER ×	Basis
FYE Mar 2017	20.83	Cons.
FYE Mar 2018	20.13	Cons.
FYE Mar 2019	19.61	Cons.
FYE Mar 2020	19.91	Cons.
FYE Mar 2021	33.38	Cons.
FYE Mar 2022	27.12	Cons.
FYE Mar 2023	21.45	Cons.
FYE Mar 2024	18.36	Cons.
FYE Mar 2025	14.77	Cons.
FYE Mar 2026	17.87	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 2.72×

Average · 10 yrs 2.42×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.67	Cons.
FYE Mar 2018	2.04	Cons.
FYE Mar 2019	2.05	Cons.
FYE Mar 2020	2.13	Cons.
FYE Mar 2021	3.35	Cons.
FYE Mar 2022	2.80	Cons.
FYE Mar 2023	2.38	Cons.
FYE Mar 2024	2.50	Cons.
FYE Mar 2025	2.51	Cons.
FYE Mar 2026	2.72	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 9,170people

Change · 10 yrs −120 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	9,290	n/a	Cons.
FYE Mar 2018	9,328	+0.4%	Cons.
FYE Mar 2019	9,607	+3.0%	Cons.
FYE Mar 2020	9,897	+3.0%	Cons.
FYE Mar 2021	10,003	+1.1%	Cons.
FYE Mar 2022	10,086	+0.8%	Cons.
FYE Mar 2023	10,063	−0.2%	Cons.
FYE Mar 2024	9,909	−1.5%	Cons.
FYE Mar 2025	8,922	−10.0%	Cons.
FYE Mar 2026	9,170	+2.8%	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 5,143people

Change · 10 yrs +73 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	5,070	n/a	Parent
FYE Mar 2018	5,043	−0.5%	Parent
FYE Mar 2019	5,151	+2.1%	Parent
FYE Mar 2020	5,369	+4.2%	Parent
FYE Mar 2021	5,357	−0.2%	Parent
FYE Mar 2022	5,329	−0.5%	Parent
FYE Mar 2023	5,238	−1.7%	Parent
FYE Mar 2024	5,163	−1.4%	Parent
FYE Mar 2025	5,052	−2.1%	Parent
FYE Mar 2026	5,143	+1.8%	Parent

Definition: Employees of the filing company itself
Formula: Parent-only headcount, from the employee section of the filing
Source: Securities report (XBRL)

Average annual pay parent company

FYE Mar 2026 ¥9.2m

Change · 8 yrs +¥1.5m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	7.6	n/a	Parent
FYE Mar 2020	7.6	−0.0%	Parent
FYE Mar 2021	7.7	+1.3%	Parent
FYE Mar 2022	7.7	−0.1%	Parent
FYE Mar 2023	7.8	+1.0%	Parent
FYE Mar 2024	7.6	−2.4%	Parent
FYE Mar 2025	8.3	+9.4%	Parent
FYE Mar 2026	9.2	+10.1%	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 46.0years

Change · 8 yrs +0.6 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	45.4	n/a	Parent
FYE Mar 2020	45.5	+0.2%	Parent
FYE Mar 2021	45.7	+0.4%	Parent
FYE Mar 2022	45.9	+0.4%	Parent
FYE Mar 2023	46.0	+0.2%	Parent
FYE Mar 2024	45.9	−0.2%	Parent
FYE Mar 2025	45.7	−0.4%	Parent
FYE Mar 2026	46.0	+0.7%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Mar 2026 19.8years

Change · 8 yrs −0.6 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	20.4	n/a	Parent
FYE Mar 2020	20.0	−2.0%	Parent
FYE Mar 2021	20.1	+0.5%	Parent
FYE Mar 2022	20.1	−0.0%	Parent
FYE Mar 2023	20.2	+0.5%	Parent
FYE Mar 2024	20.0	−1.0%	Parent
FYE Mar 2025	19.7	−1.5%	Parent
FYE Mar 2026	19.8	+0.5%	Parent

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

Temporary employees

FYE Mar 2026 1,305people

Change · 10 yrs −518 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	1,823	n/a	n/a
FYE Mar 2018	1,744	−4.3%	n/a
FYE Mar 2019	1,666	−4.5%	n/a
FYE Mar 2020	1,418	−14.9%	n/a
FYE Mar 2021	1,339	−5.6%	n/a
FYE Mar 2022	1,370	+2.3%	n/a
FYE Mar 2023	1,292	−5.7%	n/a
FYE Mar 2024	1,397	+8.1%	n/a
FYE Mar 2025	1,282	−8.2%	n/a
FYE Mar 2026	1,305	+1.8%	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 ¥32.6m

Change · 10 yrs +¥5.2m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	27.4	n/a	Cons.
FYE Mar 2018	27.9	+1.8%	Cons.
FYE Mar 2019	27.3	−2.3%	Cons.
FYE Mar 2020	26.2	−3.9%	Cons.
FYE Mar 2021	24.7	−5.9%	Cons.
FYE Mar 2022	25.4	+3.1%	Cons.
FYE Mar 2023	27.7	+8.8%	Cons.
FYE Mar 2024	29.4	+6.1%	Cons.
FYE Mar 2025	33.7	+14.7%	Cons.
FYE Mar 2026	32.6	−3.2%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥5.2m

Change · 10 yrs +¥3.0m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.2	n/a	Cons.
FYE Mar 2018	2.6	+18.8%	Cons.
FYE Mar 2019	2.8	+7.9%	Cons.
FYE Mar 2020	2.8	−0.9%	Cons.
FYE Mar 2021	2.6	−6.6%	Cons.
FYE Mar 2022	2.8	+8.9%	Cons.
FYE Mar 2023	3.1	+11.0%	Cons.
FYE Mar 2024	3.7	+19.7%	Cons.
FYE Mar 2025	4.6	+25.1%	Cons.
FYE Mar 2026	5.2	+10.9%	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

Azbil’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/6845/company.json ·/api/6845/history.json ·/api/6845/ceo.json ·/api/6845/financials.json ·/api/6845/financials/segment.json ·/api/6845/financials/pl.json ·/api/6845/financials/cf.json ·/api/6845/financials/bs.json ·/api/6845/financials/employee.json ·/api/6845/financials/stock.json ·/api/6845/financials.csv ·/api/6845/financials_history.csv

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