Financials

Taiyo Yuden: FYE Mar 2026 and ten years of results (49 metrics)

FYE Mar 2026 · Revenue¥355bnYoY +4.1%

FYE Mar 2026 · Operating profit¥20bnYoY +91.2%

FYE Mar 2026 · Net profit¥15bnYoY +536.0%

FYE Mar 2026 · Equity ratio56.0%YoY +0.3pp

FYE Mar 2026 · Group employees20,604YoY −175

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥231bn	n/a	¥12bn	n/a	5.4%	¥5.4bn	Tosaka Shoichi	—
FYE Mar 2018Consolidated	¥244bn	+5.8%	¥20bn	+63.3%	8.3%	¥16bn	Tosaka Shoichi	—
FYE Mar 2019Consolidated	¥274bn	+12.4%	¥35bn	+74.3%	12.8%	¥24bn	Tosaka Shoichi	Elna made a subsidiary, bringing in aluminium electrolytic capacitors
FYE Mar 2020Consolidated	¥282bn	+2.9%	¥37bn	+5.5%	13.2%	¥18bn	Tosaka Shoichi	Elna taken into full ownership; a manufacturing company established
FYE Mar 2021Consolidated	¥301bn	+6.6%	¥41bn	+9.7%	13.5%	¥29bn	Tosaka Shoichi	—
FYE Mar 2022Consolidated	¥350bn	+16.2%	¥68bn	+67.3%	19.5%	¥54bn	Tosaka Shoichi	Medium-Term Management Plan 2025 drawn up
FYE Mar 2023Consolidated	¥320bn	−8.6%	¥32bn	−53.1%	10.0%	¥23bn	Tosaka Shoichi	Record sales of ¥349.6bn in the year ended March 2022
FYE Mar 2024Consolidated	¥323bn	+1.0%	¥9.1bn	−71.6%	2.8%	¥8.3bn	Tosaka Shoichi	Capacitor capacity investment decided at Tamamura and Hachimanbara
FYE Mar 2025Consolidated	¥341bn	+5.8%	¥10bn	+15.2%	3.1%	¥2.3bn	Sase Katsuya	—
FYE Mar 2026Consolidated	¥355bn	+4.1%	¥20bn	+91.2%	5.6%	¥15bn	Sase Katsuya	—

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 ¥355bn

CAGR · 10 yrs +4.9%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	231	n/a	Cons. · Japanese GAAP
FYE Mar 2018	244	+5.8%	Cons. · Japanese GAAP
FYE Mar 2019	274	+12.4%	Cons. · Japanese GAAP
FYE Mar 2020	282	+2.9%	Cons. · Japanese GAAP
FYE Mar 2021	301	+6.6%	Cons. · Japanese GAAP
FYE Mar 2022	350	+16.2%	Cons. · Japanese GAAP
FYE Mar 2023	320	−8.6%	Cons. · Japanese GAAP
FYE Mar 2024	323	+1.0%	Cons. · Japanese GAAP
FYE Mar 2025	341	+5.8%	Cons. · Japanese GAAP
FYE Mar 2026	355	+4.1%	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 ¥273bn

CAGR · 10 yrs +4.8%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	179	n/a	Cons. · Japanese GAAP
FYE Mar 2018	182	+1.6%	Cons. · Japanese GAAP
FYE Mar 2019	192	+5.4%	Cons. · Japanese GAAP
FYE Mar 2020	197	+2.5%	Cons. · Japanese GAAP
FYE Mar 2021	212	+7.6%	Cons. · Japanese GAAP
FYE Mar 2022	225	+6.0%	Cons. · Japanese GAAP
FYE Mar 2023	232	+3.3%	Cons. · Japanese GAAP
FYE Mar 2024	257	+10.8%	Cons. · Japanese GAAP
FYE Mar 2025	270	+4.9%	Cons. · Japanese GAAP
FYE Mar 2026	273	+1.3%	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 ¥82bn

CAGR · 10 yrs +5.3%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	51.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	62.0	+20.6%	Cons. · Japanese GAAP
FYE Mar 2019	82.3	+32.8%	Cons. · Japanese GAAP
FYE Mar 2020	85.4	+3.8%	Cons. · Japanese GAAP
FYE Mar 2021	89.0	+4.2%	Cons. · Japanese GAAP
FYE Mar 2022	125	+40.5%	Cons. · Japanese GAAP
FYE Mar 2023	87.4	−30.1%	Cons. · Japanese GAAP
FYE Mar 2024	65.5	−25.1%	Cons. · Japanese GAAP
FYE Mar 2025	71.6	+9.3%	Cons. · Japanese GAAP
FYE Mar 2026	81.9	+14.5%	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 ¥62bn

CAGR · 10 yrs +5.3%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	39.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	41.7	+7.1%	Cons. · Japanese GAAP
FYE Mar 2019	47.0	+12.7%	Cons. · Japanese GAAP
FYE Mar 2020	48.2	+2.4%	Cons. · Japanese GAAP
FYE Mar 2021	48.2	−0.0%	Cons. · Japanese GAAP
FYE Mar 2022	56.8	+17.8%	Cons. · Japanese GAAP
FYE Mar 2023	55.4	−2.3%	Cons. · Japanese GAAP
FYE Mar 2024	56.4	+1.7%	Cons. · Japanese GAAP
FYE Mar 2025	61.1	+8.4%	Cons. · Japanese GAAP
FYE Mar 2026	61.9	+1.3%	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 ¥20bn

CAGR · 10 yrs +5.5%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	12.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.2	+63.3%	Cons. · Japanese GAAP
FYE Mar 2019	35.2	+74.3%	Cons. · Japanese GAAP
FYE Mar 2020	37.2	+5.5%	Cons. · Japanese GAAP
FYE Mar 2021	40.8	+9.7%	Cons. · Japanese GAAP
FYE Mar 2022	68.2	+67.3%	Cons. · Japanese GAAP
FYE Mar 2023	32.0	−53.1%	Cons. · Japanese GAAP
FYE Mar 2024	9.1	−71.6%	Cons. · Japanese GAAP
FYE Mar 2025	10.5	+15.2%	Cons. · Japanese GAAP
FYE Mar 2026	20.0	+91.2%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥7.2bn

CAGR · 10 yrs +19.6%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.8	+94.6%	Cons. · Japanese GAAP
FYE Mar 2019	1.5	−46.6%	Cons. · Japanese GAAP
FYE Mar 2020	1.0	−35.0%	Cons. · Japanese GAAP
FYE Mar 2021	1.6	+62.3%	Cons. · Japanese GAAP
FYE Mar 2022	4.6	+191.1%	Cons. · Japanese GAAP
FYE Mar 2023	3.8	−17.9%	Cons. · Japanese GAAP
FYE Mar 2024	6.5	+73.7%	Cons. · Japanese GAAP
FYE Mar 2025	2.2	−66.0%	Cons. · Japanese GAAP
FYE Mar 2026	7.2	+222.9%	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 ¥3.1bn

CAGR · 10 yrs +1.7%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	2.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.5	−5.9%	Cons. · Japanese GAAP
FYE Mar 2019	2.4	−3.4%	Cons. · Japanese GAAP
FYE Mar 2020	3.0	+25.2%	Cons. · Japanese GAAP
FYE Mar 2021	1.1	−63.2%	Cons. · Japanese GAAP
FYE Mar 2022	0.6	−43.5%	Cons. · Japanese GAAP
FYE Mar 2023	0.9	+47.7%	Cons. · Japanese GAAP
FYE Mar 2024	1.9	+103.9%	Cons. · Japanese GAAP
FYE Mar 2025	2.2	+16.0%	Cons. · Japanese GAAP
FYE Mar 2026	3.1	+40.9%	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 ¥24bn

CAGR · 10 yrs +8.9%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	11.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.6	+83.5%	Cons. · Japanese GAAP
FYE Mar 2019	34.4	+67.1%	Cons. · Japanese GAAP
FYE Mar 2020	35.2	+2.4%	Cons. · Japanese GAAP
FYE Mar 2021	41.2	+17.3%	Cons. · Japanese GAAP
FYE Mar 2022	72.2	+75.0%	Cons. · Japanese GAAP
FYE Mar 2023	34.8	−51.8%	Cons. · Japanese GAAP
FYE Mar 2024	13.8	−60.5%	Cons. · Japanese GAAP
FYE Mar 2025	10.5	−23.6%	Cons. · Japanese GAAP
FYE Mar 2026	24.1	+129.4%	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 ¥0.4bn

CAGR · 10 yrs +16.7%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.0	−78.1%	Cons. · Japanese GAAP
FYE Mar 2019	1.8	+8590.5%	Cons. · Japanese GAAP
FYE Mar 2020	1.5	−16.9%	Cons. · Japanese GAAP
FYE Mar 2021	0.6	−61.0%	Cons. · Japanese GAAP
FYE Mar 2022	0.7	+16.6%	Cons. · Japanese GAAP
FYE Mar 2023	0.2	−75.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.3	+58.5%	Cons. · Japanese GAAP
FYE Mar 2025	0.6	+120.7%	Cons. · Japanese GAAP
FYE Mar 2026	0.4	−35.8%	Cons. · Japanese GAAP

Definition: One-off gains, such as an asset sale
Formula: Extraordinary income line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥15bn

CAGR · 10 yrs +11.8%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	5.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.4	+201.3%	Cons. · Japanese GAAP
FYE Mar 2019	23.7	+44.8%	Cons. · Japanese GAAP
FYE Mar 2020	18.0	−23.9%	Cons. · Japanese GAAP
FYE Mar 2021	28.6	+58.8%	Cons. · Japanese GAAP
FYE Mar 2022	54.4	+90.0%	Cons. · Japanese GAAP
FYE Mar 2023	23.2	−57.3%	Cons. · Japanese GAAP
FYE Mar 2024	8.3	−64.2%	Cons. · Japanese GAAP
FYE Mar 2025	2.3	−72.0%	Cons. · Japanese GAAP
FYE Mar 2026	14.8	+536.0%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 23.1%

Average · 10 yrs 26.5%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	22.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.4	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2019	30.0	+4.6pp	Cons. · Japanese GAAP
FYE Mar 2020	30.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	29.6	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	35.7	+6.2pp	Cons. · Japanese GAAP
FYE Mar 2023	27.4	−8.4pp	Cons. · Japanese GAAP
FYE Mar 2024	20.3	−7.1pp	Cons. · Japanese GAAP
FYE Mar 2025	21.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	23.1	+2.1pp	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 5.6%

Average · 10 yrs 9.4%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	5.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.3	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2019	12.8	+4.6pp	Cons. · Japanese GAAP
FYE Mar 2020	13.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	13.5	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	19.5	+6.0pp	Cons. · Japanese GAAP
FYE Mar 2023	10.0	−9.5pp	Cons. · Japanese GAAP
FYE Mar 2024	2.8	−7.2pp	Cons. · Japanese GAAP
FYE Mar 2025	3.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	5.6	+2.6pp	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 6.8%

Average · 10 yrs 9.8%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	4.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.4	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2019	12.5	+4.1pp	Cons. · Japanese GAAP
FYE Mar 2020	12.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	13.7	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2022	20.6	+6.9pp	Cons. · Japanese GAAP
FYE Mar 2023	10.9	−9.7pp	Cons. · Japanese GAAP
FYE Mar 2024	4.3	−6.6pp	Cons. · Japanese GAAP
FYE Mar 2025	3.1	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	6.8	+3.7pp	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 4.2%

Average · 10 yrs 6.4%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	2.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.7	+4.3pp	Cons. · Japanese GAAP
FYE Mar 2019	8.6	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	6.4	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2021	9.5	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2022	15.5	+6.0pp	Cons. · Japanese GAAP
FYE Mar 2023	7.3	−8.3pp	Cons. · Japanese GAAP
FYE Mar 2024	2.6	−4.7pp	Cons. · Japanese GAAP
FYE Mar 2025	0.7	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2026	4.2	+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 76.9%

Average · 10 yrs 73.5%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	77.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	74.6	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2019	70.0	−4.6pp	Cons. · Japanese GAAP
FYE Mar 2020	69.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	70.4	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	64.3	−6.2pp	Cons. · Japanese GAAP
FYE Mar 2023	72.6	+8.4pp	Cons. · Japanese GAAP
FYE Mar 2024	79.7	+7.1pp	Cons. · Japanese GAAP
FYE Mar 2025	79.0	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	76.9	−2.1pp	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 17.4%

Average · 10 yrs 17.1%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	16.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	17.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	17.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	16.0	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	16.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	17.4	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	17.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	17.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	17.4	−0.5pp	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 ¥616bn

CAGR · 10 yrs +9.5%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	271	n/a	Cons. · Japanese GAAP
FYE Mar 2018	287	+5.9%	Cons. · Japanese GAAP
FYE Mar 2019	329	+14.5%	Cons. · Japanese GAAP
FYE Mar 2020	343	+4.3%	Cons. · Japanese GAAP
FYE Mar 2021	405	+17.9%	Cons. · Japanese GAAP
FYE Mar 2022	475	+17.3%	Cons. · Japanese GAAP
FYE Mar 2023	503	+6.1%	Cons. · Japanese GAAP
FYE Mar 2024	580	+15.1%	Cons. · Japanese GAAP
FYE Mar 2025	573	−1.1%	Cons. · Japanese GAAP
FYE Mar 2026	616	+7.4%	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 ¥344bn

CAGR · 10 yrs +9.3%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	154	n/a	Cons. · Japanese GAAP
FYE Mar 2018	170	+10.4%	Cons. · Japanese GAAP
FYE Mar 2019	206	+21.1%	Cons. · Japanese GAAP
FYE Mar 2020	210	+2.2%	Cons. · Japanese GAAP
FYE Mar 2021	244	+15.9%	Cons. · Japanese GAAP
FYE Mar 2022	300	+23.1%	Cons. · Japanese GAAP
FYE Mar 2023	318	+6.1%	Cons. · Japanese GAAP
FYE Mar 2024	330	+3.6%	Cons. · Japanese GAAP
FYE Mar 2025	319	−3.3%	Cons. · Japanese GAAP
FYE Mar 2026	344	+7.9%	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 ¥96bn

CAGR · 10 yrs +18.8%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	20.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.6	+44.3%	Cons. · Japanese GAAP
FYE Mar 2019	51.6	+74.1%	Cons. · Japanese GAAP
FYE Mar 2020	54.0	+4.7%	Cons. · Japanese GAAP
FYE Mar 2021	60.3	+11.6%	Cons. · Japanese GAAP
FYE Mar 2022	68.9	+14.4%	Cons. · Japanese GAAP
FYE Mar 2023	81.0	+17.4%	Cons. · Japanese GAAP
FYE Mar 2024	88.4	+9.2%	Cons. · Japanese GAAP
FYE Mar 2025	97.9	+10.7%	Cons. · Japanese GAAP
FYE Mar 2026	96.4	−1.5%	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 ¥11bn

CAGR · 10 yrs −4.2%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	16.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.7	+26.0%	Cons. · Japanese GAAP
FYE Mar 2019	23.2	+11.6%	Cons. · Japanese GAAP
FYE Mar 2020	19.3	−16.9%	Cons. · Japanese GAAP
FYE Mar 2021	18.5	−3.9%	Cons. · Japanese GAAP
FYE Mar 2022	20.2	+9.2%	Cons. · Japanese GAAP
FYE Mar 2023	30.2	+49.5%	Cons. · Japanese GAAP
FYE Mar 2024	4.2	−86.1%	Cons. · Japanese GAAP
FYE Mar 2025	4.2	−0.0%	Cons. · Japanese GAAP
FYE Mar 2026	11.2	+166.5%	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 ¥85bn

CAGR · 10 yrs +21.2%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	15.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.0	−7.2%	Cons. · Japanese GAAP
FYE Mar 2019	30.9	+120.0%	Cons. · Japanese GAAP
FYE Mar 2020	37.4	+21.1%	Cons. · Japanese GAAP
FYE Mar 2021	55.3	+47.7%	Cons. · Japanese GAAP
FYE Mar 2022	52.8	−4.5%	Cons. · Japanese GAAP
FYE Mar 2023	68.7	+30.2%	Cons. · Japanese GAAP
FYE Mar 2024	93.5	+36.0%	Cons. · Japanese GAAP
FYE Mar 2025	109	+16.8%	Cons. · Japanese GAAP
FYE Mar 2026	85.2	−22.0%	Cons. · Japanese GAAP

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

Bonds

FYE Mar 2026 n/a

CAGR · 9 yrs +12.4%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	20.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.0	−0.1%	Cons. · Japanese GAAP
FYE Mar 2019	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	51.2	n/a	Cons. · Japanese GAAP
FYE Mar 2025	51.0	−0.3%	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 ¥1.8bn

CAGR · 10 yrs +4.2%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	1.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.3	+6.3%	Cons. · Japanese GAAP
FYE Mar 2019	7.1	+439.0%	Cons. · Japanese GAAP
FYE Mar 2020	1.3	−81.7%	Cons. · Japanese GAAP
FYE Mar 2021	1.4	+6.0%	Cons. · Japanese GAAP
FYE Mar 2022	1.3	−2.3%	Cons. · Japanese GAAP
FYE Mar 2023	1.7	+24.1%	Cons. · Japanese GAAP
FYE Mar 2024	1.8	+8.7%	Cons. · Japanese GAAP
FYE Mar 2025	1.9	+5.5%	Cons. · Japanese GAAP
FYE Mar 2026	1.8	−6.1%	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 56.0%

Average · 10 yrs 59.5%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	56.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	59.2	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2019	62.6	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2020	61.3	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	60.3	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	63.3	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2023	63.3	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	56.9	−6.3pp	Cons. · Japanese GAAP
FYE Mar 2025	55.7	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2026	56.0	+0.3pp	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 28.0%

Average · 10 yrs 24.0%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	13.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.4	+4.1pp	Cons. · Japanese GAAP
FYE Mar 2019	25.0	+7.6pp	Cons. · Japanese GAAP
FYE Mar 2020	25.7	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	24.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	23.0	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2023	25.4	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2024	26.8	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2025	30.7	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2026	28.0	−2.7pp	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 4.3%

Average · 10 yrs 7.8%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	3.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.6	+6.1pp	Cons. · Japanese GAAP
FYE Mar 2019	11.5	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	8.6	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2021	11.7	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2022	18.1	+6.4pp	Cons. · Japanese GAAP
FYE Mar 2023	7.3	−10.8pp	Cons. · Japanese GAAP
FYE Mar 2024	2.5	−4.8pp	Cons. · Japanese GAAP
FYE Mar 2025	0.7	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2026	4.3	+3.6pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 2.4%

Average · 10 yrs 4.8%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.7	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2019	7.2	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2020	5.3	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2021	7.1	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2022	11.5	+4.4pp	Cons. · Japanese GAAP
FYE Mar 2023	4.6	−6.8pp	Cons. · Japanese GAAP
FYE Mar 2024	1.4	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2025	0.4	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	2.4	+2.0pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.58×

CAGR · 10 yrs −4.2%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.85	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.85	−0.1%	Cons. · Japanese GAAP
FYE Mar 2019	0.83	−1.9%	Cons. · Japanese GAAP
FYE Mar 2020	0.82	−1.4%	Cons. · Japanese GAAP
FYE Mar 2021	0.74	−9.6%	Cons. · Japanese GAAP
FYE Mar 2022	0.74	−0.9%	Cons. · Japanese GAAP
FYE Mar 2023	0.63	−13.9%	Cons. · Japanese GAAP
FYE Mar 2024	0.56	−12.3%	Cons. · Japanese GAAP
FYE Mar 2025	0.60	+7.0%	Cons. · Japanese GAAP
FYE Mar 2026	0.58	−3.1%	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 ¥58bn

CAGR · 10 yrs +7.7%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	29.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.9	+14.3%	Cons. · Japanese GAAP
FYE Mar 2019	43.0	+26.6%	Cons. · Japanese GAAP
FYE Mar 2020	52.4	+22.0%	Cons. · Japanese GAAP
FYE Mar 2021	52.9	+0.9%	Cons. · Japanese GAAP
FYE Mar 2022	67.3	+27.3%	Cons. · Japanese GAAP
FYE Mar 2023	39.5	−41.4%	Cons. · Japanese GAAP
FYE Mar 2024	51.1	+29.5%	Cons. · Japanese GAAP
FYE Mar 2025	33.9	−33.6%	Cons. · Japanese GAAP
FYE Mar 2026	58.1	+71.2%	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 -¥26bn

Average · 10 yrs -¥46bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-28.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-26.9	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-33.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-40.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-42.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-50.6	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-60.4	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-82.8	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-63.5	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-25.7	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 -¥6.8bn

Average · 10 yrs ¥3.6bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-4.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-1.6	−268.2%	Cons. · Japanese GAAP
FYE Mar 2020	-4.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	12.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-14.7	−216.7%	Cons. · Japanese GAAP
FYE Mar 2023	14.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	37.6	+159.9%	Cons. · Japanese GAAP
FYE Mar 2025	3.0	−91.9%	Cons. · Japanese GAAP
FYE Mar 2026	-6.8	−324.0%	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 +11.7%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	36.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	43.8	+21.5%	Cons. · Japanese GAAP
FYE Mar 2019	51.7	+17.8%	Cons. · Japanese GAAP
FYE Mar 2020	57.3	+10.9%	Cons. · Japanese GAAP
FYE Mar 2021	81.8	+42.8%	Cons. · Japanese GAAP
FYE Mar 2022	88.6	+8.3%	Cons. · Japanese GAAP
FYE Mar 2023	84.1	−5.1%	Cons. · Japanese GAAP
FYE Mar 2024	94.9	+12.9%	Cons. · Japanese GAAP
FYE Mar 2025	67.5	−28.9%	Cons. · Japanese GAAP
FYE Mar 2026	98.1	+45.2%	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 +49.2%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.0	+693.0%	Cons. · Japanese GAAP
FYE Mar 2019	9.4	+33.6%	Cons. · Japanese GAAP
FYE Mar 2020	11.6	+23.2%	Cons. · Japanese GAAP
FYE Mar 2021	10.7	−7.8%	Cons. · Japanese GAAP
FYE Mar 2022	16.7	+56.5%	Cons. · Japanese GAAP
FYE Mar 2023	-21.0	−225.7%	Cons. · Japanese GAAP
FYE Mar 2024	-31.7	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-29.6	n/a	Cons. · Japanese GAAP
FYE Mar 2026	32.4	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 16.4%

Average · 10 yrs 15.2%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	12.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.9	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	15.7	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2020	18.6	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2021	17.6	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	19.3	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2023	12.4	−6.9pp	Cons. · Japanese GAAP
FYE Mar 2024	15.8	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2025	9.9	−5.9pp	Cons. · Japanese GAAP
FYE Mar 2026	16.4	+6.4pp	Cons. · Japanese GAAP

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

Net cash

FYE Mar 2026 ¥1.7bn

CAGR · 10 yrs −21.9%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	15.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.2	−8.7%	Cons. · Japanese GAAP
FYE Mar 2019	0.1	−99.4%	Cons. · Japanese GAAP
FYE Mar 2020	3.3	+3673.6%	Cons. · Japanese GAAP
FYE Mar 2021	21.5	+554.8%	Cons. · Japanese GAAP
FYE Mar 2022	19.7	−8.5%	Cons. · Japanese GAAP
FYE Mar 2023	3.1	−84.0%	Cons. · Japanese GAAP
FYE Mar 2024	6.5	+107.2%	Cons. · Japanese GAAP
FYE Mar 2025	-30.4	−565.6%	Cons. · Japanese GAAP
FYE Mar 2026	1.7	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 ¥481bn

Change · 10 yrs +¥312bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	169	n/a
FYE Mar 2018	217	n/a
FYE Mar 2019	284	n/a
FYE Mar 2020	373	n/a
FYE Mar 2021	677	n/a
FYE Mar 2022	722	n/a
FYE Mar 2023	577	n/a
FYE Mar 2024	472	n/a
FYE Mar 2025	321	n/a
FYE Mar 2026	481	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 3,697¥

Change · 10 yrs +2,291¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,405	n/a
FYE Mar 2018	1,804	n/a
FYE Mar 2019	2,184	n/a
FYE Mar 2020	2,861	n/a
FYE Mar 2021	5,198	n/a
FYE Mar 2022	5,548	n/a
FYE Mar 2023	4,434	n/a
FYE Mar 2024	3,625	n/a
FYE Mar 2025	2,466	n/a
FYE Mar 2026	3,697	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 130,218,481shares

Change · 10 yrs +9,737,086 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	120,481,395	Parent
FYE Mar 2018	120,481,395	Parent
FYE Mar 2019	130,218,481	Parent
FYE Mar 2020	130,218,481	Parent
FYE Mar 2021	130,218,481	Parent
FYE Mar 2022	130,218,481	Parent
FYE Mar 2023	130,218,481	Parent
FYE Mar 2024	130,218,481	Parent
FYE Mar 2025	130,218,481	Parent
FYE Mar 2026	130,218,481	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 118.49¥

Change · 10 yrs +72.41¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	46.08	Cons.
FYE Mar 2018	138.80	Cons.
FYE Mar 2019	189.93	Cons.
FYE Mar 2020	143.04	Cons.
FYE Mar 2021	227.99	Cons.
FYE Mar 2022	433.46	Cons.
FYE Mar 2023	186.32	Cons.
FYE Mar 2024	66.75	Cons.
FYE Mar 2025	18.67	Cons.
FYE Mar 2026	118.49	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 2,644.88¥

Change · 10 yrs +1,365.43¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,279.45	Cons. · Japanese GAAP
FYE Mar 2018	1,411.99	Cons. · Japanese GAAP
FYE Mar 2019	1,581.60	Cons. · Japanese GAAP
FYE Mar 2020	1,616.16	Cons. · Japanese GAAP
FYE Mar 2021	1,873.32	Cons. · Japanese GAAP
FYE Mar 2022	2,306.02	Cons. · Japanese GAAP
FYE Mar 2023	2,445.72	Cons. · Japanese GAAP
FYE Mar 2024	2,534.96	Cons. · Japanese GAAP
FYE Mar 2025	2,451.04	Cons. · Japanese GAAP
FYE Mar 2026	2,644.88	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 31.20×

Average · 10 yrs 35.20×

Fiscal year	PER ×	Basis
FYE Mar 2017	30.50	Cons.
FYE Mar 2018	13.00	Cons.
FYE Mar 2019	11.50	Cons.
FYE Mar 2020	20.00	Cons.
FYE Mar 2021	22.80	Cons.
FYE Mar 2022	12.80	Cons.
FYE Mar 2023	23.80	Cons.
FYE Mar 2024	54.30	Cons.
FYE Mar 2025	132.10	Cons.
FYE Mar 2026	31.20	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 1.58×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.08	Cons.
FYE Mar 2018	1.25	Cons.
FYE Mar 2019	1.36	Cons.
FYE Mar 2020	1.71	Cons.
FYE Mar 2021	2.68	Cons.
FYE Mar 2022	2.31	Cons.
FYE Mar 2023	1.74	Cons.
FYE Mar 2024	1.37	Cons.
FYE Mar 2025	0.97	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 20,604people

Change · 10 yrs +1,851 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	18,753	n/a	Cons.
FYE Mar 2018	19,011	+1.4%	Cons.
FYE Mar 2019	21,300	+12.0%	Cons.
FYE Mar 2020	21,723	+2.0%	Cons.
FYE Mar 2021	22,852	+5.2%	Cons.
FYE Mar 2022	22,312	−2.4%	Cons.
FYE Mar 2023	21,819	−2.2%	Cons.
FYE Mar 2024	21,823	−0.0%	Cons.
FYE Mar 2025	20,779	−4.8%	Cons.
FYE Mar 2026	20,604	−0.8%	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 2,803people

Change · 10 yrs +217 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	2,586	n/a	Parent
FYE Mar 2018	2,590	+0.2%	Parent
FYE Mar 2019	2,681	+3.5%	Parent
FYE Mar 2020	2,785	+3.9%	Parent
FYE Mar 2021	2,837	+1.9%	Parent
FYE Mar 2022	2,873	+1.3%	Parent
FYE Mar 2023	2,903	+1.0%	Parent
FYE Mar 2024	2,853	−1.7%	Parent
FYE Mar 2025	2,928	+2.6%	Parent
FYE Mar 2026	2,803	−4.3%	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 662万円

Change · 10 yrs −30万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	691	n/a	Parent
FYE Mar 2018	696	+0.6%	Parent
FYE Mar 2019	723	+3.9%	Parent
FYE Mar 2020	737	+2.0%	Parent
FYE Mar 2021	720	−2.4%	Parent
FYE Mar 2022	741	+3.0%	Parent
FYE Mar 2023	734	−1.1%	Parent
FYE Mar 2024	628	−14.3%	Parent
FYE Mar 2025	676	+7.6%	Parent
FYE Mar 2026	662	−2.1%	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 41.5years

Change · 8 yrs −1.3 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	42.8	n/a	Parent
FYE Mar 2020	42.5	−0.7%	Parent
FYE Mar 2021	42.5	−0.0%	Parent
FYE Mar 2022	42.0	−1.2%	Parent
FYE Mar 2023	41.6	−1.0%	Parent
FYE Mar 2024	41.2	−1.0%	Parent
FYE Mar 2025	41.2	−0.0%	Parent
FYE Mar 2026	41.5	+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 16.4years

Change · 10 yrs −1.7 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	18.1	n/a	Parent
FYE Mar 2018	18.3	+1.1%	Parent
FYE Mar 2019	18.3	−0.0%	Parent
FYE Mar 2020	18.2	−0.5%	Parent
FYE Mar 2021	18.8	+3.3%	Parent
FYE Mar 2022	17.8	−5.3%	Parent
FYE Mar 2023	17.4	−2.2%	Parent
FYE Mar 2024	16.9	−2.9%	Parent
FYE Mar 2025	16.5	−2.4%	Parent
FYE Mar 2026	16.4	−0.6%	Parent

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

Revenue per employee

FYE Mar 2026 ¥17.2m

Change · 10 yrs +¥4.9m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	12.3	n/a	Cons.
FYE Mar 2018	12.8	+4.4%	Cons.
FYE Mar 2019	12.9	+0.3%	Cons.
FYE Mar 2020	13.0	+0.9%	Cons.
FYE Mar 2021	13.2	+1.3%	Cons.
FYE Mar 2022	15.7	+19.0%	Cons.
FYE Mar 2023	14.6	−6.6%	Cons.
FYE Mar 2024	14.8	+1.0%	Cons.
FYE Mar 2025	16.4	+11.1%	Cons.
FYE Mar 2026	17.2	+5.0%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥1.0m

Change · 10 yrs +¥0.3m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	0.7	n/a	Cons.
FYE Mar 2018	1.1	+61.1%	Cons.
FYE Mar 2019	1.7	+55.5%	Cons.
FYE Mar 2020	1.7	+3.4%	Cons.
FYE Mar 2021	1.8	+4.2%	Cons.
FYE Mar 2022	3.1	+71.4%	Cons.
FYE Mar 2023	1.5	−52.1%	Cons.
FYE Mar 2024	0.4	−71.6%	Cons.
FYE Mar 2025	0.5	+21.0%	Cons.
FYE Mar 2026	1.0	+92.8%	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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