Financials

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

FYE Mar 2026 · Revenue¥276bnYoY +5.5%

FYE Mar 2026 · Operating profit¥23bnYoY +62.1%

FYE Mar 2026 · Net profit¥18bnYoY +126.0%

FYE Mar 2026 · Equity ratio66.9%YoY +0.9pp

FYE Mar 2026 · Group employees8,259YoY −542

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥321bn	n/a	¥31bn	n/a	9.5%	¥18bn	Kashio Kazuhiro	—
FYE Mar 2018Consolidated	¥315bn	−2.0%	¥30bn	−3.5%	9.4%	¥20bn	Kashio Kazuhiro	—
FYE Mar 2019Consolidated	¥298bn	−5.3%	¥30bn	+2.3%	10.1%	¥22bn	Kashio Kazuhiro	Exits compact digital cameras
FYE Mar 2020Consolidated	¥281bn	−5.8%	¥29bn	−4.0%	10.4%	¥18bn	Kashio Kazuhiro	—
FYE Mar 2021Consolidated	¥227bn	−19.0%	¥15bn	−47.1%	6.8%	¥12bn	Kashio Kazuhiro	—
FYE Mar 2022Consolidated	¥252bn	+10.9%	¥22bn	+43.2%	8.7%	¥16bn	Kashio Kazuhiro	—
FYE Mar 2023Consolidated	¥264bn	+4.6%	¥18bn	−17.5%	6.9%	¥13bn	Kashio Kazuhiro	Moves to the TSE Prime market
FYE Mar 2024Consolidated	¥269bn	+1.9%	¥14bn	−21.8%	5.3%	¥12bn	Kashio Kazuhiro	<strong>Yuichi Masuda</strong> becomes the first non-family president
FYE Mar 2025Consolidated	¥262bn	−2.6%	¥14bn	+0.2%	5.4%	¥8.1bn	Masuda Yuichi	Ransomware attack halts parts of the supply chain
FYE Mar 2026Consolidated	¥276bn	+5.5%	¥23bn	+62.1%	8.4%	¥18bn	Masuda Yuichi	<strong>Shin Takano</strong> succeeds Masuda

How it compares

Citizen Watch¥347bnFY2025Operating margin 8.7%Seiko Group¥336bnFY2025Operating margin 9.2%

Casio¥276bnFY2025Operating margin 8.4%

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 ¥276bn

CAGR · 10 yrs −1.7%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	321	n/a	Cons. · Japanese GAAP
FYE Mar 2018	315	−2.0%	Cons. · Japanese GAAP
FYE Mar 2019	298	−5.3%	Cons. · Japanese GAAP
FYE Mar 2020	281	−5.8%	Cons. · Japanese GAAP
FYE Mar 2021	227	−19.0%	Cons. · Japanese GAAP
FYE Mar 2022	252	+10.9%	Cons. · Japanese GAAP
FYE Mar 2023	264	+4.6%	Cons. · Japanese GAAP
FYE Mar 2024	269	+1.9%	Cons. · Japanese GAAP
FYE Mar 2025	262	−2.6%	Cons. · Japanese GAAP
FYE Mar 2026	276	+5.5%	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 ¥154bn

CAGR · 10 yrs −2.2%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	188	n/a	Cons. · Japanese GAAP
FYE Mar 2018	179	−4.5%	Cons. · Japanese GAAP
FYE Mar 2019	169	−5.8%	Cons. · Japanese GAAP
FYE Mar 2020	158	−6.3%	Cons. · Japanese GAAP
FYE Mar 2021	129	−18.3%	Cons. · Japanese GAAP
FYE Mar 2022	142	+10.1%	Cons. · Japanese GAAP
FYE Mar 2023	152	+6.8%	Cons. · Japanese GAAP
FYE Mar 2024	153	+0.5%	Cons. · Japanese GAAP
FYE Mar 2025	148	−2.9%	Cons. · Japanese GAAP
FYE Mar 2026	154	+3.9%	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 ¥122bn

CAGR · 10 yrs −1.0%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	133	n/a	Cons. · Japanese GAAP
FYE Mar 2018	136	+1.6%	Cons. · Japanese GAAP
FYE Mar 2019	129	−4.6%	Cons. · Japanese GAAP
FYE Mar 2020	123	−5.2%	Cons. · Japanese GAAP
FYE Mar 2021	98.2	−19.9%	Cons. · Japanese GAAP
FYE Mar 2022	110	+12.1%	Cons. · Japanese GAAP
FYE Mar 2023	112	+1.7%	Cons. · Japanese GAAP
FYE Mar 2024	116	+3.8%	Cons. · Japanese GAAP
FYE Mar 2025	113	−2.3%	Cons. · Japanese GAAP
FYE Mar 2026	122	+7.7%	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 ¥99bn

CAGR · 10 yrs −0.4%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	103	n/a	Cons. · Japanese GAAP
FYE Mar 2018	106	+3.1%	Cons. · Japanese GAAP
FYE Mar 2019	99.1	−6.5%	Cons. · Japanese GAAP
FYE Mar 2020	93.5	−5.6%	Cons. · Japanese GAAP
FYE Mar 2021	82.8	−11.5%	Cons. · Japanese GAAP
FYE Mar 2022	88.0	+6.3%	Cons. · Japanese GAAP
FYE Mar 2023	93.7	+6.4%	Cons. · Japanese GAAP
FYE Mar 2024	102	+8.8%	Cons. · Japanese GAAP
FYE Mar 2025	99.2	−2.7%	Cons. · Japanese GAAP
FYE Mar 2026	99.1	−0.1%	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 ¥23bn

CAGR · 10 yrs −3.1%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	30.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.6	−3.5%	Cons. · Japanese GAAP
FYE Mar 2019	30.3	+2.3%	Cons. · Japanese GAAP
FYE Mar 2020	29.1	−4.0%	Cons. · Japanese GAAP
FYE Mar 2021	15.4	−47.1%	Cons. · Japanese GAAP
FYE Mar 2022	22.0	+43.2%	Cons. · Japanese GAAP
FYE Mar 2023	18.2	−17.5%	Cons. · Japanese GAAP
FYE Mar 2024	14.2	−21.8%	Cons. · Japanese GAAP
FYE Mar 2025	14.2	+0.2%	Cons. · Japanese GAAP
FYE Mar 2026	23.1	+62.1%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥3.4bn

CAGR · 10 yrs +11.9%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.3	+6.5%	Cons. · Japanese GAAP
FYE Mar 2019	1.3	+0.3%	Cons. · Japanese GAAP
FYE Mar 2020	1.8	+36.1%	Cons. · Japanese GAAP
FYE Mar 2021	1.5	−15.3%	Cons. · Japanese GAAP
FYE Mar 2022	0.9	−41.8%	Cons. · Japanese GAAP
FYE Mar 2023	2.0	+125.8%	Cons. · Japanese GAAP
FYE Mar 2024	4.4	+120.3%	Cons. · Japanese GAAP
FYE Mar 2025	2.3	−48.9%	Cons. · Japanese GAAP
FYE Mar 2026	3.4	+51.5%	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 ¥0.8bn

CAGR · 10 yrs −19.4%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	5.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.2	−61.6%	Cons. · Japanese GAAP
FYE Mar 2019	1.7	−21.7%	Cons. · Japanese GAAP
FYE Mar 2020	2.4	+41.0%	Cons. · Japanese GAAP
FYE Mar 2021	0.6	−75.8%	Cons. · Japanese GAAP
FYE Mar 2022	0.7	+25.4%	Cons. · Japanese GAAP
FYE Mar 2023	0.6	−17.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.7	+18.0%	Cons. · Japanese GAAP
FYE Mar 2025	2.4	+233.1%	Cons. · Japanese GAAP
FYE Mar 2026	0.8	−65.8%	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 −0.2%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	26.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	28.7	+9.5%	Cons. · Japanese GAAP
FYE Mar 2019	29.9	+4.1%	Cons. · Japanese GAAP
FYE Mar 2020	28.5	−4.7%	Cons. · Japanese GAAP
FYE Mar 2021	16.3	−42.7%	Cons. · Japanese GAAP
FYE Mar 2022	22.2	+35.9%	Cons. · Japanese GAAP
FYE Mar 2023	19.6	−11.7%	Cons. · Japanese GAAP
FYE Mar 2024	17.9	−8.4%	Cons. · Japanese GAAP
FYE Mar 2025	14.1	−21.1%	Cons. · Japanese GAAP
FYE Mar 2026	25.7	+81.8%	Cons. · Japanese GAAP

Definition: A level of profit that exists only under Japanese GAAP
Formula: Operating profit + non-operating income − non-operating expenses
Source: Securities report (XBRL)

Extraordinary income

FYE Mar 2026 ¥3.9bn

CAGR · 10 yrs +8.7%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	1.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.6	−66.8%	Cons. · Japanese GAAP
FYE Mar 2019	4.9	+709.9%	Cons. · Japanese GAAP
FYE Mar 2020	3.2	−34.5%	Cons. · Japanese GAAP
FYE Mar 2021	6.2	+92.0%	Cons. · Japanese GAAP
FYE Mar 2022	1.6	−74.8%	Cons. · Japanese GAAP
FYE Mar 2023	1.9	+18.7%	Cons. · Japanese GAAP
FYE Mar 2024	7.8	+320.9%	Cons. · Japanese GAAP
FYE Mar 2025	10.1	+28.8%	Cons. · Japanese GAAP
FYE Mar 2026	3.9	−61.3%	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 · 3 yrs −7.1%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	5.5	+15.5%	Cons. · Japanese GAAP
FYE Mar 2020	4.1	−25.4%	Cons. · Japanese GAAP
FYE Mar 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	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 ¥18bn

CAGR · 10 yrs −0.1%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	18.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.6	+6.3%	Cons. · Japanese GAAP
FYE Mar 2019	22.1	+13.1%	Cons. · Japanese GAAP
FYE Mar 2020	17.6	−20.5%	Cons. · Japanese GAAP
FYE Mar 2021	12.0	−31.7%	Cons. · Japanese GAAP
FYE Mar 2022	15.9	+32.3%	Cons. · Japanese GAAP
FYE Mar 2023	13.1	−17.7%	Cons. · Japanese GAAP
FYE Mar 2024	11.9	−8.9%	Cons. · Japanese GAAP
FYE Mar 2025	8.1	−32.3%	Cons. · Japanese GAAP
FYE Mar 2026	18.2	+126.0%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 44.2%

Average · 10 yrs 43.2%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	41.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	43.1	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	43.4	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	43.7	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	43.2	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	43.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	42.4	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	43.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	43.3	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	44.2	+0.9pp	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 8.4%

Average · 10 yrs 8.1%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	9.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	10.1	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	10.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	6.8	−3.6pp	Cons. · Japanese GAAP
FYE Mar 2022	8.7	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2023	6.9	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2024	5.3	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2025	5.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	8.4	+2.9pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Mar 2026 9.3%

Average · 10 yrs 8.2%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	8.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.1	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	10.0	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	10.1	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	7.2	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2022	8.8	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	7.4	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	6.7	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	5.4	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2026	9.3	+3.9pp	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 6.6%

Average · 10 yrs 5.6%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	5.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	7.4	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	6.3	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	5.3	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	6.3	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	5.0	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2024	4.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	3.1	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2026	6.6	+3.5pp	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 55.8%

Average · 10 yrs 56.8%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	58.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	56.9	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	56.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	56.3	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	56.8	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	56.4	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	57.6	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	56.8	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	56.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	55.8	−0.9pp	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 35.9%

Average · 10 yrs 35.1%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	32.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.7	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2019	33.2	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	33.3	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	36.4	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2022	34.9	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	35.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	37.9	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2025	37.9	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	35.9	−2.0pp	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 ¥351bn

CAGR · 10 yrs +0.0%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	351	n/a	Cons. · Japanese GAAP
FYE Mar 2018	364	+3.6%	Cons. · Japanese GAAP
FYE Mar 2019	358	−1.8%	Cons. · Japanese GAAP
FYE Mar 2020	334	−6.6%	Cons. · Japanese GAAP
FYE Mar 2021	332	−0.6%	Cons. · Japanese GAAP
FYE Mar 2022	337	+1.6%	Cons. · Japanese GAAP
FYE Mar 2023	335	−0.6%	Cons. · Japanese GAAP
FYE Mar 2024	350	+4.4%	Cons. · Japanese GAAP
FYE Mar 2025	332	−5.2%	Cons. · Japanese GAAP
FYE Mar 2026	351	+6.0%	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 ¥235bn

CAGR · 10 yrs +2.0%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	196	n/a	Cons. · Japanese GAAP
FYE Mar 2018	207	+5.3%	Cons. · Japanese GAAP
FYE Mar 2019	212	+2.4%	Cons. · Japanese GAAP
FYE Mar 2020	203	−4.3%	Cons. · Japanese GAAP
FYE Mar 2021	212	+4.6%	Cons. · Japanese GAAP
FYE Mar 2022	219	+3.3%	Cons. · Japanese GAAP
FYE Mar 2023	222	+1.2%	Cons. · Japanese GAAP
FYE Mar 2024	231	+4.3%	Cons. · Japanese GAAP
FYE Mar 2025	219	−5.3%	Cons. · Japanese GAAP
FYE Mar 2026	235	+7.4%	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 ¥25bn

CAGR · 10 yrs −9.3%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	61.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	46.7	−23.6%	Cons. · Japanese GAAP
FYE Mar 2019	59.2	+26.8%	Cons. · Japanese GAAP
FYE Mar 2020	38.0	−35.8%	Cons. · Japanese GAAP
FYE Mar 2021	49.7	+30.6%	Cons. · Japanese GAAP
FYE Mar 2022	41.7	−15.9%	Cons. · Japanese GAAP
FYE Mar 2023	24.2	−41.9%	Cons. · Japanese GAAP
FYE Mar 2024	34.8	+43.4%	Cons. · Japanese GAAP
FYE Mar 2025	42.3	+21.7%	Cons. · Japanese GAAP
FYE Mar 2026	25.3	−40.2%	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 ¥296m

CAGR · 10 yrs +7.5%

Fiscal year	Short-term borrowings ¥ m	YoY	Basis
FYE Mar 2017	155	n/a	Cons. · Japanese GAAP
FYE Mar 2018	205	+32.3%	Cons. · Japanese GAAP
FYE Mar 2019	232	+13.2%	Cons. · Japanese GAAP
FYE Mar 2020	186	−19.8%	Cons. · Japanese GAAP
FYE Mar 2021	153	−17.7%	Cons. · Japanese GAAP
FYE Mar 2022	235	+53.6%	Cons. · Japanese GAAP
FYE Mar 2023	239	+1.7%	Cons. · Japanese GAAP
FYE Mar 2024	267	+11.7%	Cons. · Japanese GAAP
FYE Mar 2025	301	+12.7%	Cons. · Japanese GAAP
FYE Mar 2026	296	−1.7%	Cons. · Japanese GAAP

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

Long-term borrowings

FYE Mar 2026 ¥25bn

CAGR · 10 yrs −9.4%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	61.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	63.0	+3.3%	Cons. · Japanese GAAP
FYE Mar 2019	59.0	−6.4%	Cons. · Japanese GAAP
FYE Mar 2020	62.8	+6.5%	Cons. · Japanese GAAP
FYE Mar 2021	53.1	−15.5%	Cons. · Japanese GAAP
FYE Mar 2022	49.5	−6.8%	Cons. · Japanese GAAP
FYE Mar 2023	49.5	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	49.5	−0.0%	Cons. · Japanese GAAP
FYE Mar 2025	42.0	−15.2%	Cons. · Japanese GAAP
FYE Mar 2026	25.0	−40.5%	Cons. · Japanese GAAP

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

Bonds

FYE Mar 2026 n/a

CAGR · 4 yrs −84.1%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	12.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.0	−16.7%	Cons. · Japanese GAAP
FYE Mar 2019	10.0	−0.1%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

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

Intangible assets

FYE Mar 2026 ¥7.5bn

CAGR · 10 yrs +1.1%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	6.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.0	+3.7%	Cons. · Japanese GAAP
FYE Mar 2019	9.0	+27.6%	Cons. · Japanese GAAP
FYE Mar 2020	8.5	−5.8%	Cons. · Japanese GAAP
FYE Mar 2021	8.7	+2.4%	Cons. · Japanese GAAP
FYE Mar 2022	9.9	+14.5%	Cons. · Japanese GAAP
FYE Mar 2023	10.8	+8.5%	Cons. · Japanese GAAP
FYE Mar 2024	8.7	−19.1%	Cons. · Japanese GAAP
FYE Mar 2025	10.3	+17.9%	Cons. · Japanese GAAP
FYE Mar 2026	7.5	−27.1%	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 66.9%

Average · 10 yrs 62.6%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	55.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	56.8	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	59.2	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2020	60.6	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	63.8	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2022	64.9	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	66.1	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	66.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	66.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	66.9	+0.9pp	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 10.8%

Average · 10 yrs 19.9%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	31.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.6	−8.6pp	Cons. · Japanese GAAP
FYE Mar 2019	28.0	+5.4pp	Cons. · Japanese GAAP
FYE Mar 2020	18.8	−9.2pp	Cons. · Japanese GAAP
FYE Mar 2021	23.4	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2022	19.1	−4.4pp	Cons. · Japanese GAAP
FYE Mar 2023	10.9	−8.1pp	Cons. · Japanese GAAP
FYE Mar 2024	15.0	+4.1pp	Cons. · Japanese GAAP
FYE Mar 2025	19.3	+4.3pp	Cons. · Japanese GAAP
FYE Mar 2026	10.8	−8.6pp	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 7.8%

Average · 10 yrs 7.3%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	9.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	10.5	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2020	8.7	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	5.7	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2022	7.3	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	5.9	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	5.2	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	3.7	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2026	7.8	+4.1pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 5.2%

Average · 10 yrs 4.5%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	5.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	6.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	5.3	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	3.6	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2022	4.7	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	3.9	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	3.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	2.4	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	5.2	+2.8pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.79×

CAGR · 10 yrs −1.7%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.91	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.86	−5.4%	Cons. · Japanese GAAP
FYE Mar 2019	0.83	−3.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.84	+0.8%	Cons. · Japanese GAAP
FYE Mar 2021	0.69	−18.5%	Cons. · Japanese GAAP
FYE Mar 2022	0.75	+9.2%	Cons. · Japanese GAAP
FYE Mar 2023	0.79	+5.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.77	−2.4%	Cons. · Japanese GAAP
FYE Mar 2025	0.79	+2.7%	Cons. · Japanese GAAP
FYE Mar 2026	0.79	−0.4%	Cons. · Japanese GAAP

Definition: How much revenue each yen of assets produces
Formula: Revenue ÷ total assets
Source: Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Mar 2026 ¥30bn

CAGR · 10 yrs +0.9%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	27.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	34.6	+23.8%	Cons. · Japanese GAAP
FYE Mar 2019	20.7	−40.0%	Cons. · Japanese GAAP
FYE Mar 2020	33.0	+59.4%	Cons. · Japanese GAAP
FYE Mar 2021	24.6	−25.6%	Cons. · Japanese GAAP
FYE Mar 2022	16.4	−33.2%	Cons. · Japanese GAAP
FYE Mar 2023	11.3	−30.9%	Cons. · Japanese GAAP
FYE Mar 2024	30.5	+169.1%	Cons. · Japanese GAAP
FYE Mar 2025	16.1	−47.1%	Cons. · Japanese GAAP
FYE Mar 2026	30.2	+86.8%	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 -¥8.9bn

Average · 10 yrs -¥3.6bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-3.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-8.3	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-6.2	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-3.1	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-6.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-3.1	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2025	4.7	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-8.9	−290.7%	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 -¥17bn

Average · 10 yrs -¥20bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-30.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-10.6	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-16.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-24.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-23.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-19.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-15.2	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-21.8	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-24.8	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-17.4	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 ¥151bn

CAGR · 10 yrs +2.7%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	119	n/a	Cons. · Japanese GAAP
FYE Mar 2018	135	+13.3%	Cons. · Japanese GAAP
FYE Mar 2019	132	−1.7%	Cons. · Japanese GAAP
FYE Mar 2020	134	+1.6%	Cons. · Japanese GAAP
FYE Mar 2021	137	+2.0%	Cons. · Japanese GAAP
FYE Mar 2022	134	−2.3%	Cons. · Japanese GAAP
FYE Mar 2023	130	−2.7%	Cons. · Japanese GAAP
FYE Mar 2024	145	+11.1%	Cons. · Japanese GAAP
FYE Mar 2025	140	−3.0%	Cons. · Japanese GAAP
FYE Mar 2026	151	+7.3%	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 ¥21bn

CAGR · 10 yrs −1.6%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	24.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	26.2	+6.4%	Cons. · Japanese GAAP
FYE Mar 2019	14.5	−44.7%	Cons. · Japanese GAAP
FYE Mar 2020	31.4	+116.1%	Cons. · Japanese GAAP
FYE Mar 2021	21.5	−31.5%	Cons. · Japanese GAAP
FYE Mar 2022	10.3	−51.9%	Cons. · Japanese GAAP
FYE Mar 2023	8.2	−20.6%	Cons. · Japanese GAAP
FYE Mar 2024	30.3	+269.8%	Cons. · Japanese GAAP
FYE Mar 2025	20.8	−31.3%	Cons. · Japanese GAAP
FYE Mar 2026	21.2	+2.0%	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 10.9%

Average · 10 yrs 8.8%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	8.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.0	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2019	7.0	−4.0pp	Cons. · Japanese GAAP
FYE Mar 2020	11.8	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2021	10.8	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	6.5	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2023	4.3	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2024	11.4	+7.1pp	Cons. · Japanese GAAP
FYE Mar 2025	6.2	−5.2pp	Cons. · Japanese GAAP
FYE Mar 2026	10.9	+4.7pp	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 ¥125bn

CAGR · 10 yrs +9.0%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	57.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	87.8	+52.5%	Cons. · Japanese GAAP
FYE Mar 2019	73.0	−16.9%	Cons. · Japanese GAAP
FYE Mar 2020	96.3	+31.9%	Cons. · Japanese GAAP
FYE Mar 2021	87.4	−9.2%	Cons. · Japanese GAAP
FYE Mar 2022	92.2	+5.5%	Cons. · Japanese GAAP
FYE Mar 2023	106	+15.0%	Cons. · Japanese GAAP
FYE Mar 2024	110	+3.7%	Cons. · Japanese GAAP
FYE Mar 2025	98.1	−10.7%	Cons. · Japanese GAAP
FYE Mar 2026	125	+27.8%	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 ¥333bn

Change · 10 yrs −¥68bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	401	n/a
FYE Mar 2018	411	n/a
FYE Mar 2019	375	n/a
FYE Mar 2020	393	n/a
FYE Mar 2021	540	n/a
FYE Mar 2022	351	n/a
FYE Mar 2023	324	n/a
FYE Mar 2024	314	n/a
FYE Mar 2025	291	n/a
FYE Mar 2026	333	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 1,401¥

Change · 10 yrs −147¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,548	n/a
FYE Mar 2018	1,588	n/a
FYE Mar 2019	1,447	n/a
FYE Mar 2020	1,517	n/a
FYE Mar 2021	2,085	n/a
FYE Mar 2022	1,409	n/a
FYE Mar 2023	1,301	n/a
FYE Mar 2024	1,298	n/a
FYE Mar 2025	1,222	n/a
FYE Mar 2026	1,401	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 237,720,914shares

Change · 10 yrs −21,300,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	259,020,914	Parent
FYE Mar 2018	259,020,914	Parent
FYE Mar 2019	259,020,914	Parent
FYE Mar 2020	259,020,914	Parent
FYE Mar 2021	259,020,914	Parent
FYE Mar 2022	249,020,914	Parent
FYE Mar 2023	249,020,914	Parent
FYE Mar 2024	241,520,914	Parent
FYE Mar 2025	237,720,914	Parent
FYE Mar 2026	237,720,914	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 80.05¥

Change · 10 yrs +7.38¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	72.67	Cons.
FYE Mar 2018	79.42	Cons.
FYE Mar 2019	89.86	Cons.
FYE Mar 2020	72.23	Cons.
FYE Mar 2021	49.52	Cons.
FYE Mar 2022	65.53	Cons.
FYE Mar 2023	54.65	Cons.
FYE Mar 2024	50.91	Cons.
FYE Mar 2025	35.22	Cons.
FYE Mar 2026	80.05	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 989.24¥

Change · 10 yrs +231.26¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	757.98	Cons. · Japanese GAAP
FYE Mar 2018	797.97	Cons. · Japanese GAAP
FYE Mar 2019	816.90	Cons. · Japanese GAAP
FYE Mar 2020	781.94	Cons. · Japanese GAAP
FYE Mar 2021	818.06	Cons. · Japanese GAAP
FYE Mar 2022	879.03	Cons. · Japanese GAAP
FYE Mar 2023	889.89	Cons. · Japanese GAAP
FYE Mar 2024	957.07	Cons. · Japanese GAAP
FYE Mar 2025	920.73	Cons. · Japanese GAAP
FYE Mar 2026	989.24	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 17.50×

Average · 10 yrs 24.35×

Fiscal year	PER ×	Basis
FYE Mar 2017	21.30	Cons.
FYE Mar 2018	20.00	Cons.
FYE Mar 2019	16.10	Cons.
FYE Mar 2020	21.00	Cons.
FYE Mar 2021	42.10	Cons.
FYE Mar 2022	21.50	Cons.
FYE Mar 2023	23.80	Cons.
FYE Mar 2024	25.50	Cons.
FYE Mar 2025	34.70	Cons.
FYE Mar 2026	17.50	Cons.

Definition: How many years of earnings the price stands for
Formula: Year-end price ÷ EPS
Source: Securities report (XBRL)

PBR price-to-book ratio

FYE Mar 2026 1.34×

Average · 10 yrs 1.66×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.94	Cons.
FYE Mar 2018	1.89	Cons.
FYE Mar 2019	1.68	Cons.
FYE Mar 2020	1.82	Cons.
FYE Mar 2021	2.39	Cons.
FYE Mar 2022	1.55	Cons.
FYE Mar 2023	1.40	Cons.
FYE Mar 2024	1.30	Cons.
FYE Mar 2025	1.27	Cons.
FYE Mar 2026	1.34	Cons.

Definition: The price measured against the book value behind it
Formula: Year-end price ÷ BPS
Source: Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Group employees

FYE Mar 2026 8,259people

Change · 10 yrs −4,028 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	12,287	n/a	Cons.
FYE Mar 2018	12,298	+0.1%	Cons.
FYE Mar 2019	11,868	−3.5%	Cons.
FYE Mar 2020	11,193	−5.7%	Cons.
FYE Mar 2021	10,404	−7.0%	Cons.
FYE Mar 2022	10,152	−2.4%	Cons.
FYE Mar 2023	9,732	−4.1%	Cons.
FYE Mar 2024	9,594	−1.4%	Cons.
FYE Mar 2025	8,801	−8.3%	Cons.
FYE Mar 2026	8,259	−6.2%	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 2,053people

Change · 10 yrs −701 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	2,754	n/a	Parent
FYE Mar 2018	2,903	+5.4%	Parent
FYE Mar 2019	2,842	−2.1%	Parent
FYE Mar 2020	2,702	−4.9%	Parent
FYE Mar 2021	2,586	−4.3%	Parent
FYE Mar 2022	2,577	−0.3%	Parent
FYE Mar 2023	2,525	−2.0%	Parent
FYE Mar 2024	2,480	−1.8%	Parent
FYE Mar 2025	2,200	−11.3%	Parent
FYE Mar 2026	2,053	−6.7%	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 ¥8.4m

Change · 10 yrs +¥0.1m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	8.3	n/a	Parent
FYE Mar 2018	8.2	−1.9%	Parent
FYE Mar 2019	8.1	−0.4%	Parent
FYE Mar 2020	8.1	+0.1%	Parent
FYE Mar 2021	8.0	−1.2%	Parent
FYE Mar 2022	8.2	+2.0%	Parent
FYE Mar 2023	8.2	−0.5%	Parent
FYE Mar 2024	8.1	−0.7%	Parent
FYE Mar 2025	8.1	+0.5%	Parent
FYE Mar 2026	8.4	+2.9%	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 44.6years

Change · 8 yrs −2.2 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	46.8	n/a	Parent
FYE Mar 2020	46.8	−0.0%	Parent
FYE Mar 2021	46.8	−0.0%	Parent
FYE Mar 2022	46.1	−1.5%	Parent
FYE Mar 2023	46.2	+0.2%	Parent
FYE Mar 2024	45.7	−1.1%	Parent
FYE Mar 2025	44.9	−1.8%	Parent
FYE Mar 2026	44.6	−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 15.7years

Change · 10 yrs −3.8 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	19.5	n/a	Parent
FYE Mar 2018	18.7	−4.1%	Parent
FYE Mar 2019	18.9	+1.1%	Parent
FYE Mar 2020	18.8	−0.5%	Parent
FYE Mar 2021	18.8	−0.0%	Parent
FYE Mar 2022	18.2	−3.2%	Parent
FYE Mar 2023	17.5	−3.8%	Parent
FYE Mar 2024	16.7	−4.6%	Parent
FYE Mar 2025	15.9	−4.8%	Parent
FYE Mar 2026	15.7	−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 947people

Change · 10 yrs −276 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	1,223	n/a	n/a
FYE Mar 2018	1,244	+1.7%	n/a
FYE Mar 2019	1,237	−0.6%	n/a
FYE Mar 2020	1,165	−5.8%	n/a
FYE Mar 2021	1,170	+0.4%	n/a
FYE Mar 2022	1,164	−0.5%	n/a
FYE Mar 2023	1,218	+4.6%	n/a
FYE Mar 2024	1,296	+6.4%	n/a
FYE Mar 2025	1,229	−5.2%	n/a
FYE Mar 2026	947	−22.9%	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 ¥33.5m

Change · 10 yrs +¥7.3m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	26.1	n/a	Cons.
FYE Mar 2018	25.6	−2.1%	Cons.
FYE Mar 2019	25.1	−1.9%	Cons.
FYE Mar 2020	25.1	−0.2%	Cons.
FYE Mar 2021	21.9	−12.8%	Cons.
FYE Mar 2022	24.9	+13.7%	Cons.
FYE Mar 2023	27.1	+9.1%	Cons.
FYE Mar 2024	28.0	+3.4%	Cons.
FYE Mar 2025	29.7	+6.1%	Cons.
FYE Mar 2026	33.5	+12.5%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥2.8m

Change · 10 yrs +¥0.3m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.5	n/a	Cons.
FYE Mar 2018	2.4	−3.6%	Cons.
FYE Mar 2019	2.5	+6.1%	Cons.
FYE Mar 2020	2.6	+1.8%	Cons.
FYE Mar 2021	1.5	−43.1%	Cons.
FYE Mar 2022	2.2	+46.7%	Cons.
FYE Mar 2023	1.9	−13.9%	Cons.
FYE Mar 2024	1.5	−20.7%	Cons.
FYE Mar 2025	1.6	+9.2%	Cons.
FYE Mar 2026	2.8	+72.7%	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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