Financials

FPG: FYE Sep 2025 and ten years of results (50 metrics)

FYE Sep 2025 · Revenue¥130bnYoY +20.4%

FYE Sep 2025 · Operating profit¥25bnYoY −11.2%

FYE Sep 2025 · Net profit¥18bnYoY −11.2%

FYE Sep 2025 · Equity ratio45.0%YoY +21.9pp

FYE Sep 2025 · Group employees383YoY +28

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Sep 2016Consolidated	¥19bn	n/a	¥12bn	n/a	62.7%	¥7.6bn	Tanimura Hisanaga	Launches trust-based fractional real-estate products
FYE Sep 2017Consolidated	¥21bn	+11.5%	¥13bn	+13.2%	63.7%	¥9.6bn	Tanimura Hisanaga	—
FYE Sep 2018Consolidated	¥22bn	+4.6%	¥13bn	−2.6%	59.3%	¥9.0bn	Tanimura Hisanaga	—
FYE Sep 2019Consolidated	¥27bn	+20.7%	¥14bn	+10.5%	54.3%	¥10bn	Tanimura Hisanaga	Enters private equity; buys an airline
FYE Sep 2020Consolidated	¥13bn	−52.2%	¥1.9bn	−87.0%	14.8%	¥1.1bn	Tanimura Hisanaga	Aircraft leasing market halts; revenue down 52%, net profit down 89%
FYE Sep 2021Consolidated	¥15bn	+17.4%	¥5.2bn	+178.5%	35.1%	¥2.9bn	Tanimura Hisanaga	Partial recovery as leases are restructured
FYE Sep 2022Consolidated	¥59bn	+296.6%	¥12bn	+124.4%	19.8%	¥8.5bn	Tanimura Hisanaga	Moves to the TSE Prime Market; English name becomes Financial Partners Group
FYE Sep 2023Consolidated	¥71bn	+20.2%	¥18bn	+55.5%	25.7%	¥12bn	Tanimura Hisanaga	Acquires AND ART (now AND OWNERS); registers as a financial instruments intermediary
FYE Sep 2024Consolidated	¥108bn	+51.5%	¥29bn	+56.8%	26.6%	¥20bn	Tanimura Hisanaga	Starts a private-jet business; record profit
FYE Sep 2025Consolidated	¥130bn	+20.4%	¥25bn	−11.2%	19.6%	¥18bn	Tanimura Hisanaga	Launches F.bit for individual investors; halts fractional real-estate sales after the tax outline

How it compares

Orix¥3.33tnFY2025Operating margin 13.7%Mitsubishi HC Capital¥2.22tnFY2025Operating margin 10.9%Tokyo Century¥1.46tnFY2025Operating margin 10.2%Mizuho Leasing¥922bnFY2025Operating margin 4.8%Fuyo General Lease¥789bnFY2025Operating margin 5.1%

Rikorisu¥312bnFY2024Operating margin 7.0%

Enuishikyapitarusoryushon¥255bnFY2024Operating margin 3.1%

FPG¥130bnFY2025Operating margin 19.6%

Japaninbesutomentoadobaiza¥39bnFY2025Operating margin 48.7%

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 Sep 2025 ¥130bn

CAGR · 10 yrs +23.9%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Sep 2016	18.9	n/a	Cons. · Japanese GAAP
FYE Sep 2017	21.1	+11.5%	Cons. · Japanese GAAP
FYE Sep 2018	22.0	+4.6%	Cons. · Japanese GAAP
FYE Sep 2019	26.6	+20.7%	Cons. · Japanese GAAP
FYE Sep 2020	12.7	−52.2%	Cons. · Japanese GAAP
FYE Sep 2021	14.9	+17.4%	Cons. · Japanese GAAP
FYE Sep 2022	59.2	+296.6%	Cons. · Japanese GAAP
FYE Sep 2023	71.1	+20.2%	Cons. · Japanese GAAP
FYE Sep 2024	108	+51.5%	Cons. · Japanese GAAP
FYE Sep 2025	130	+20.4%	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 Sep 2025 ¥94bn

CAGR · 10 yrs +49.3%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Sep 2016	2.5	n/a	Cons. · Japanese GAAP
FYE Sep 2017	2.6	+1.5%	Cons. · Japanese GAAP
FYE Sep 2018	3.2	+25.2%	Cons. · Japanese GAAP
FYE Sep 2019	6.1	+90.7%	Cons. · Japanese GAAP
FYE Sep 2020	4.8	−22.4%	Cons. · Japanese GAAP
FYE Sep 2021	3.2	−32.0%	Cons. · Japanese GAAP
FYE Sep 2022	40.6	+1149.7%	Cons. · Japanese GAAP
FYE Sep 2023	44.8	+10.5%	Cons. · Japanese GAAP
FYE Sep 2024	69.4	+54.8%	Cons. · Japanese GAAP
FYE Sep 2025	93.7	+35.0%	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 Sep 2025 ¥36bn

CAGR · 10 yrs +9.2%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Sep 2016	16.4	n/a	Cons. · Japanese GAAP
FYE Sep 2017	18.5	+13.1%	Cons. · Japanese GAAP
FYE Sep 2018	18.8	+1.7%	Cons. · Japanese GAAP
FYE Sep 2019	20.4	+8.7%	Cons. · Japanese GAAP
FYE Sep 2020	7.9	−61.2%	Cons. · Japanese GAAP
FYE Sep 2021	11.7	+47.1%	Cons. · Japanese GAAP
FYE Sep 2022	18.6	+59.5%	Cons. · Japanese GAAP
FYE Sep 2023	26.3	+41.2%	Cons. · Japanese GAAP
FYE Sep 2024	38.3	+45.8%	Cons. · Japanese GAAP
FYE Sep 2025	36.0	−6.0%	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 Sep 2025 ¥11bn

CAGR · 10 yrs +10.0%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Sep 2016	4.5	n/a	Cons. · Japanese GAAP
FYE Sep 2017	5.1	+12.8%	Cons. · Japanese GAAP
FYE Sep 2018	5.8	+13.3%	Cons. · Japanese GAAP
FYE Sep 2019	6.0	+4.5%	Cons. · Japanese GAAP
FYE Sep 2020	6.1	+0.7%	Cons. · Japanese GAAP
FYE Sep 2021	6.4	+6.3%	Cons. · Japanese GAAP
FYE Sep 2022	6.9	+6.8%	Cons. · Japanese GAAP
FYE Sep 2023	8.0	+16.8%	Cons. · Japanese GAAP
FYE Sep 2024	9.7	+20.8%	Cons. · Japanese GAAP
FYE Sep 2025	10.6	+9.4%	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 Sep 2025 ¥25bn

CAGR · 10 yrs +8.8%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Sep 2016	11.9	n/a	Cons. · Japanese GAAP
FYE Sep 2017	13.4	+13.2%	Cons. · Japanese GAAP
FYE Sep 2018	13.1	−2.6%	Cons. · Japanese GAAP
FYE Sep 2019	14.4	+10.5%	Cons. · Japanese GAAP
FYE Sep 2020	1.9	−87.0%	Cons. · Japanese GAAP
FYE Sep 2021	5.2	+178.5%	Cons. · Japanese GAAP
FYE Sep 2022	11.7	+124.4%	Cons. · Japanese GAAP
FYE Sep 2023	18.3	+55.5%	Cons. · Japanese GAAP
FYE Sep 2024	28.6	+56.8%	Cons. · Japanese GAAP
FYE Sep 2025	25.4	−11.2%	Cons. · Japanese GAAP

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

Non-operating income

FYE Sep 2025 ¥3.6bn

CAGR · 10 yrs +14.9%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Sep 2016	1.0	n/a	Cons. · Japanese GAAP
FYE Sep 2017	1.2	+19.2%	Cons. · Japanese GAAP
FYE Sep 2018	1.0	−14.8%	Cons. · Japanese GAAP
FYE Sep 2019	2.0	+96.0%	Cons. · Japanese GAAP
FYE Sep 2020	2.8	+36.2%	Cons. · Japanese GAAP
FYE Sep 2021	2.4	−12.4%	Cons. · Japanese GAAP
FYE Sep 2022	1.9	−22.8%	Cons. · Japanese GAAP
FYE Sep 2023	3.5	+86.5%	Cons. · Japanese GAAP
FYE Sep 2024	3.1	−12.1%	Cons. · Japanese GAAP
FYE Sep 2025	3.6	+15.7%	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 Sep 2025 ¥2.5bn

CAGR · 10 yrs +11.0%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Sep 2016	1.0	n/a	Cons. · Japanese GAAP
FYE Sep 2017	0.9	−4.7%	Cons. · Japanese GAAP
FYE Sep 2018	1.5	+59.9%	Cons. · Japanese GAAP
FYE Sep 2019	2.1	+40.1%	Cons. · Japanese GAAP
FYE Sep 2020	2.9	+41.4%	Cons. · Japanese GAAP
FYE Sep 2021	2.5	−14.2%	Cons. · Japanese GAAP
FYE Sep 2022	1.2	−54.1%	Cons. · Japanese GAAP
FYE Sep 2023	3.8	+227.3%	Cons. · Japanese GAAP
FYE Sep 2024	2.8	−25.9%	Cons. · Japanese GAAP
FYE Sep 2025	2.5	−11.3%	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 Sep 2025 ¥26bn

CAGR · 10 yrs +9.3%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Sep 2016	11.9	n/a	Cons. · Japanese GAAP
FYE Sep 2017	13.7	+15.2%	Cons. · Japanese GAAP
FYE Sep 2018	12.6	−7.9%	Cons. · Japanese GAAP
FYE Sep 2019	14.4	+14.0%	Cons. · Japanese GAAP
FYE Sep 2020	1.7	−88.1%	Cons. · Japanese GAAP
FYE Sep 2021	5.1	+199.5%	Cons. · Japanese GAAP
FYE Sep 2022	12.5	+142.2%	Cons. · Japanese GAAP
FYE Sep 2023	18.0	+44.3%	Cons. · Japanese GAAP
FYE Sep 2024	28.9	+60.7%	Cons. · Japanese GAAP
FYE Sep 2025	26.5	−8.4%	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 Sep 2025 n/a

Average · 6 yrs ¥177m

Fiscal year	Extraordinary income ¥ m	YoY	Basis
FYE Sep 2016	n/a	n/a	Cons. · Japanese GAAP
FYE Sep 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Sep 2018	158	n/a	Cons. · Japanese GAAP
FYE Sep 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Sep 2020	4.3	n/a	Cons. · Japanese GAAP
FYE Sep 2021	8.0	+86.9%	Cons. · Japanese GAAP
FYE Sep 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Sep 2023	294	n/a	Cons. · Japanese GAAP
FYE Sep 2024	600	+104.1%	Cons. · Japanese GAAP
FYE Sep 2025	n/a	n/a	Cons. · Japanese GAAP

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

Extraordinary loss

FYE Sep 2025 n/a

CAGR · 3 yrs +85.0%

Fiscal year	Extraordinary loss ¥ m	YoY	Basis
FYE Sep 2016	n/a	n/a	Cons. · Japanese GAAP
FYE Sep 2017	8.2	n/a	Cons. · Japanese GAAP
FYE Sep 2018	21.2	+157.6%	Cons. · Japanese GAAP
FYE Sep 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Sep 2020	28.2	n/a	Cons. · Japanese GAAP
FYE Sep 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Sep 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Sep 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Sep 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Sep 2025	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 Sep 2025 ¥18bn

CAGR · 10 yrs +10.1%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Sep 2016	7.6	n/a	Cons. · Japanese GAAP
FYE Sep 2017	9.6	+25.3%	Cons. · Japanese GAAP
FYE Sep 2018	9.0	−6.2%	Cons. · Japanese GAAP
FYE Sep 2019	10.0	+11.6%	Cons. · Japanese GAAP
FYE Sep 2020	1.1	−88.7%	Cons. · Japanese GAAP
FYE Sep 2021	2.9	+159.3%	Cons. · Japanese GAAP
FYE Sep 2022	8.5	+187.7%	Cons. · Japanese GAAP
FYE Sep 2023	12.5	+47.1%	Cons. · Japanese GAAP
FYE Sep 2024	20.5	+64.1%	Cons. · Japanese GAAP
FYE Sep 2025	18.2	−11.2%	Cons. · Japanese GAAP

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

Gross margin

FYE Sep 2025 27.8%

Average · 10 yrs 60.9%

Fiscal year	Gross margin %	YoY	Basis
FYE Sep 2016	86.6	n/a	Cons. · Japanese GAAP
FYE Sep 2017	87.8	+1.2pp	Cons. · Japanese GAAP
FYE Sep 2018	85.4	−2.4pp	Cons. · Japanese GAAP
FYE Sep 2019	76.9	−8.5pp	Cons. · Japanese GAAP
FYE Sep 2020	62.5	−14.4pp	Cons. · Japanese GAAP
FYE Sep 2021	78.2	+15.8pp	Cons. · Japanese GAAP
FYE Sep 2022	31.5	−46.8pp	Cons. · Japanese GAAP
FYE Sep 2023	37.0	+5.5pp	Cons. · Japanese GAAP
FYE Sep 2024	35.6	−1.4pp	Cons. · Japanese GAAP
FYE Sep 2025	27.8	−7.8pp	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 Sep 2025 19.6%

Average · 10 yrs 38.1%

Fiscal year	Operating margin %	YoY	Basis
FYE Sep 2016	62.7	n/a	Cons. · Japanese GAAP
FYE Sep 2017	63.7	+0.9pp	Cons. · Japanese GAAP
FYE Sep 2018	59.3	−4.4pp	Cons. · Japanese GAAP
FYE Sep 2019	54.3	−5.0pp	Cons. · Japanese GAAP
FYE Sep 2020	14.8	−39.5pp	Cons. · Japanese GAAP
FYE Sep 2021	35.1	+20.3pp	Cons. · Japanese GAAP
FYE Sep 2022	19.8	−15.2pp	Cons. · Japanese GAAP
FYE Sep 2023	25.7	+5.8pp	Cons. · Japanese GAAP
FYE Sep 2024	26.6	+0.9pp	Cons. · Japanese GAAP
FYE Sep 2025	19.6	−7.0pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Sep 2025 20.4%

Average · 10 yrs 38.1%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Sep 2016	63.0	n/a	Cons. · Japanese GAAP
FYE Sep 2017	65.1	+2.1pp	Cons. · Japanese GAAP
FYE Sep 2018	57.3	−7.8pp	Cons. · Japanese GAAP
FYE Sep 2019	54.1	−3.1pp	Cons. · Japanese GAAP
FYE Sep 2020	13.5	−40.6pp	Cons. · Japanese GAAP
FYE Sep 2021	34.5	+21.0pp	Cons. · Japanese GAAP
FYE Sep 2022	21.1	−13.4pp	Cons. · Japanese GAAP
FYE Sep 2023	25.3	+4.2pp	Cons. · Japanese GAAP
FYE Sep 2024	26.8	+1.5pp	Cons. · Japanese GAAP
FYE Sep 2025	20.4	−6.4pp	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 Sep 2025 14.0%

Average · 10 yrs 25.8%

Fiscal year	Net margin %	YoY	Basis
FYE Sep 2016	40.5	n/a	Cons. · Japanese GAAP
FYE Sep 2017	45.5	+5.0pp	Cons. · Japanese GAAP
FYE Sep 2018	40.8	−4.7pp	Cons. · Japanese GAAP
FYE Sep 2019	37.7	−3.0pp	Cons. · Japanese GAAP
FYE Sep 2020	8.9	−28.8pp	Cons. · Japanese GAAP
FYE Sep 2021	19.7	+10.8pp	Cons. · Japanese GAAP
FYE Sep 2022	14.3	−5.4pp	Cons. · Japanese GAAP
FYE Sep 2023	17.5	+3.2pp	Cons. · Japanese GAAP
FYE Sep 2024	19.0	+1.5pp	Cons. · Japanese GAAP
FYE Sep 2025	14.0	−5.0pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Sep 2025 72.2%

Average · 10 yrs 39.1%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Sep 2016	13.4	n/a	Cons. · Japanese GAAP
FYE Sep 2017	12.2	−1.2pp	Cons. · Japanese GAAP
FYE Sep 2018	14.6	+2.4pp	Cons. · Japanese GAAP
FYE Sep 2019	23.1	+8.5pp	Cons. · Japanese GAAP
FYE Sep 2020	37.5	+14.4pp	Cons. · Japanese GAAP
FYE Sep 2021	21.8	−15.8pp	Cons. · Japanese GAAP
FYE Sep 2022	68.5	+46.8pp	Cons. · Japanese GAAP
FYE Sep 2023	63.0	−5.5pp	Cons. · Japanese GAAP
FYE Sep 2024	64.4	+1.4pp	Cons. · Japanese GAAP
FYE Sep 2025	72.2	+7.8pp	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 Sep 2025 8.2%

Average · 10 yrs 22.8%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Sep 2016	23.8	n/a	Cons. · Japanese GAAP
FYE Sep 2017	24.1	+0.3pp	Cons. · Japanese GAAP
FYE Sep 2018	26.1	+2.0pp	Cons. · Japanese GAAP
FYE Sep 2019	22.6	−3.5pp	Cons. · Japanese GAAP
FYE Sep 2020	47.7	+25.1pp	Cons. · Japanese GAAP
FYE Sep 2021	43.2	−4.5pp	Cons. · Japanese GAAP
FYE Sep 2022	11.6	−31.5pp	Cons. · Japanese GAAP
FYE Sep 2023	11.3	−0.3pp	Cons. · Japanese GAAP
FYE Sep 2024	9.0	−2.3pp	Cons. · Japanese GAAP
FYE Sep 2025	8.2	−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 Sep 2025 ¥127bn

CAGR · 10 yrs +5.1%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Sep 2016	81.2	n/a	Cons. · Japanese GAAP
FYE Sep 2017	82.8	+1.9%	Cons. · Japanese GAAP
FYE Sep 2018	85.1	+2.8%	Cons. · Japanese GAAP
FYE Sep 2019	126	+47.8%	Cons. · Japanese GAAP
FYE Sep 2020	133	+5.6%	Cons. · Japanese GAAP
FYE Sep 2021	91.9	−30.8%	Cons. · Japanese GAAP
FYE Sep 2022	158	+72.0%	Cons. · Japanese GAAP
FYE Sep 2023	184	+16.2%	Cons. · Japanese GAAP
FYE Sep 2024	231	+25.6%	Cons. · Japanese GAAP
FYE Sep 2025	127	−45.0%	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 Sep 2025 ¥57bn

CAGR · 10 yrs +13.9%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Sep 2016	17.7	n/a	Cons. · Japanese GAAP
FYE Sep 2017	24.4	+37.7%	Cons. · Japanese GAAP
FYE Sep 2018	29.4	+20.6%	Cons. · Japanese GAAP
FYE Sep 2019	32.8	+11.4%	Cons. · Japanese GAAP
FYE Sep 2020	27.2	−16.9%	Cons. · Japanese GAAP
FYE Sep 2021	29.2	+7.4%	Cons. · Japanese GAAP
FYE Sep 2022	36.1	+23.3%	Cons. · Japanese GAAP
FYE Sep 2023	44.2	+22.5%	Cons. · Japanese GAAP
FYE Sep 2024	53.2	+20.4%	Cons. · Japanese GAAP
FYE Sep 2025	57.1	+7.2%	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 Sep 2025 ¥47bn

CAGR · 10 yrs +3.4%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Sep 2016	34.9	n/a	Cons. · Japanese GAAP
FYE Sep 2017	41.0	+17.5%	Cons. · Japanese GAAP
FYE Sep 2018	35.2	−14.1%	Cons. · Japanese GAAP
FYE Sep 2019	67.6	+92.2%	Cons. · Japanese GAAP
FYE Sep 2020	71.1	+5.2%	Cons. · Japanese GAAP
FYE Sep 2021	42.7	−39.9%	Cons. · Japanese GAAP
FYE Sep 2022	85.2	+99.5%	Cons. · Japanese GAAP
FYE Sep 2023	86.9	+2.0%	Cons. · Japanese GAAP
FYE Sep 2024	133	+53.2%	Cons. · Japanese GAAP
FYE Sep 2025	47.0	−64.7%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Sep 2025 ¥20bn

CAGR · 10 yrs −5.1%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Sep 2016	31.8	n/a	Cons. · Japanese GAAP
FYE Sep 2017	32.9	+3.6%	Cons. · Japanese GAAP
FYE Sep 2018	27.8	−15.7%	Cons. · Japanese GAAP
FYE Sep 2019	57.4	+106.8%	Cons. · Japanese GAAP
FYE Sep 2020	62.9	+9.6%	Cons. · Japanese GAAP
FYE Sep 2021	29.0	−53.9%	Cons. · Japanese GAAP
FYE Sep 2022	72.8	+151.2%	Cons. · Japanese GAAP
FYE Sep 2023	75.4	+3.5%	Cons. · Japanese GAAP
FYE Sep 2024	89.1	+18.3%	Cons. · Japanese GAAP
FYE Sep 2025	19.9	−77.7%	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 Sep 2025 ¥27bn

CAGR · 10 yrs +27.3%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Sep 2016	3.1	n/a	Cons. · Japanese GAAP
FYE Sep 2017	8.0	+160.2%	Cons. · Japanese GAAP
FYE Sep 2018	7.4	−7.8%	Cons. · Japanese GAAP
FYE Sep 2019	10.2	+37.5%	Cons. · Japanese GAAP
FYE Sep 2020	8.2	−19.5%	Cons. · Japanese GAAP
FYE Sep 2021	13.7	+67.4%	Cons. · Japanese GAAP
FYE Sep 2022	12.4	−9.8%	Cons. · Japanese GAAP
FYE Sep 2023	11.5	−6.9%	Cons. · Japanese GAAP
FYE Sep 2024	44.0	+281.8%	Cons. · Japanese GAAP
FYE Sep 2025	27.1	−38.3%	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 Sep 2025 ¥0.4bn

CAGR · 10 yrs −11.9%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Sep 2016	1.3	n/a	Cons. · Japanese GAAP
FYE Sep 2017	1.6	+30.3%	Cons. · Japanese GAAP
FYE Sep 2018	1.1	−31.9%	Cons. · Japanese GAAP
FYE Sep 2019	0.9	−15.5%	Cons. · Japanese GAAP
FYE Sep 2020	1.4	+53.0%	Cons. · Japanese GAAP
FYE Sep 2021	1.0	−33.7%	Cons. · Japanese GAAP
FYE Sep 2022	0.7	−22.0%	Cons. · Japanese GAAP
FYE Sep 2023	0.4	−46.1%	Cons. · Japanese GAAP
FYE Sep 2024	0.4	−1.0%	Cons. · Japanese GAAP
FYE Sep 2025	0.4	+0.5%	Cons. · Japanese GAAP

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

Goodwill

FYE Sep 2025 ¥0.3bn

CAGR · 10 yrs −14.2%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Sep 2016	1.2	n/a	Cons. · Japanese GAAP
FYE Sep 2017	1.5	+29.1%	Cons. · Japanese GAAP
FYE Sep 2018	1.1	−31.5%	Cons. · Japanese GAAP
FYE Sep 2019	0.9	−15.0%	Cons. · Japanese GAAP
FYE Sep 2020	1.4	+56.5%	Cons. · Japanese GAAP
FYE Sep 2021	0.9	−35.3%	Cons. · Japanese GAAP
FYE Sep 2022	0.7	−23.7%	Cons. · Japanese GAAP
FYE Sep 2023	0.4	−47.0%	Cons. · Japanese GAAP
FYE Sep 2024	0.3	−9.0%	Cons. · Japanese GAAP
FYE Sep 2025	0.3	−9.9%	Cons. · Japanese GAAP

Definition: What an acquisition cost above the net assets it brought
Formula: Goodwill line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Sep 2025 45.0%

Average · 10 yrs 27.9%

Fiscal year	Equity ratio %	YoY	Basis
FYE Sep 2016	21.8	n/a	Cons. · Japanese GAAP
FYE Sep 2017	29.5	+7.6pp	Cons. · Japanese GAAP
FYE Sep 2018	34.5	+5.1pp	Cons. · Japanese GAAP
FYE Sep 2019	26.0	−8.5pp	Cons. · Japanese GAAP
FYE Sep 2020	20.5	−5.5pp	Cons. · Japanese GAAP
FYE Sep 2021	31.8	+11.3pp	Cons. · Japanese GAAP
FYE Sep 2022	22.8	−9.0pp	Cons. · Japanese GAAP
FYE Sep 2023	24.1	+1.2pp	Cons. · Japanese GAAP
FYE Sep 2024	23.1	−1.0pp	Cons. · Japanese GAAP
FYE Sep 2025	45.0	+21.9pp	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 Sep 2025 82.4%

Average · 10 yrs 186.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Sep 2016	196.9	n/a	Cons. · Japanese GAAP
FYE Sep 2017	168.0	−28.9pp	Cons. · Japanese GAAP
FYE Sep 2018	119.6	−48.3pp	Cons. · Japanese GAAP
FYE Sep 2019	206.4	+86.8pp	Cons. · Japanese GAAP
FYE Sep 2020	261.3	+54.8pp	Cons. · Japanese GAAP
FYE Sep 2021	146.1	−115.2pp	Cons. · Japanese GAAP
FYE Sep 2022	236.3	+90.2pp	Cons. · Japanese GAAP
FYE Sep 2023	196.6	−39.6pp	Cons. · Japanese GAAP
FYE Sep 2024	250.3	+53.6pp	Cons. · Japanese GAAP
FYE Sep 2025	82.4	−167.9pp	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 Sep 2025 31.8%

Average · 10 yrs 28.0%

Fiscal year	ROE %	YoY	Basis
FYE Sep 2016	43.2	n/a	Cons. · Japanese GAAP
FYE Sep 2017	39.3	−3.9pp	Cons. · Japanese GAAP
FYE Sep 2018	30.6	−8.7pp	Cons. · Japanese GAAP
FYE Sep 2019	30.6	+0.1pp	Cons. · Japanese GAAP
FYE Sep 2020	4.2	−26.5pp	Cons. · Japanese GAAP
FYE Sep 2021	10.1	+5.9pp	Cons. · Japanese GAAP
FYE Sep 2022	23.5	+13.4pp	Cons. · Japanese GAAP
FYE Sep 2023	28.2	+4.7pp	Cons. · Japanese GAAP
FYE Sep 2024	38.4	+10.2pp	Cons. · Japanese GAAP
FYE Sep 2025	31.8	−6.6pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Sep 2025 14.3%

Average · 10 yrs 7.9%

Fiscal year	ROA %	YoY	Basis
FYE Sep 2016	9.4	n/a	Cons. · Japanese GAAP
FYE Sep 2017	11.6	+2.2pp	Cons. · Japanese GAAP
FYE Sep 2018	10.6	−1.0pp	Cons. · Japanese GAAP
FYE Sep 2019	8.0	−2.6pp	Cons. · Japanese GAAP
FYE Sep 2020	0.9	−7.1pp	Cons. · Japanese GAAP
FYE Sep 2021	3.2	+2.4pp	Cons. · Japanese GAAP
FYE Sep 2022	5.4	+2.2pp	Cons. · Japanese GAAP
FYE Sep 2023	6.8	+1.4pp	Cons. · Japanese GAAP
FYE Sep 2024	8.9	+2.1pp	Cons. · Japanese GAAP
FYE Sep 2025	14.3	+5.4pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Sep 2025 1.02×

CAGR · 10 yrs +17.9%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Sep 2016	0.23	n/a	Cons. · Japanese GAAP
FYE Sep 2017	0.25	+9.4%	Cons. · Japanese GAAP
FYE Sep 2018	0.26	+1.7%	Cons. · Japanese GAAP
FYE Sep 2019	0.21	−18.4%	Cons. · Japanese GAAP
FYE Sep 2020	0.10	−54.7%	Cons. · Japanese GAAP
FYE Sep 2021	0.16	+69.8%	Cons. · Japanese GAAP
FYE Sep 2022	0.37	+130.6%	Cons. · Japanese GAAP
FYE Sep 2023	0.39	+3.4%	Cons. · Japanese GAAP
FYE Sep 2024	0.47	+20.7%	Cons. · Japanese GAAP
FYE Sep 2025	1.02	+118.9%	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 Sep 2025 ¥108bn

Average · 10 yrs ¥6.0bn

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Sep 2016	-1.7	n/a	Cons. · Japanese GAAP
FYE Sep 2017	3.0	n/a	Cons. · Japanese GAAP
FYE Sep 2018	11.6	+282.3%	Cons. · Japanese GAAP
FYE Sep 2019	-24.8	−314.4%	Cons. · Japanese GAAP
FYE Sep 2020	12.2	n/a	Cons. · Japanese GAAP
FYE Sep 2021	26.7	+118.6%	Cons. · Japanese GAAP
FYE Sep 2022	-50.9	−290.8%	Cons. · Japanese GAAP
FYE Sep 2023	4.8	n/a	Cons. · Japanese GAAP
FYE Sep 2024	-29.3	−713.0%	Cons. · Japanese GAAP
FYE Sep 2025	108	n/a	Cons. · Japanese GAAP

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

Investing cash flow

FYE Sep 2025 ¥0.8bn

Average · 10 yrs -¥0.8bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Sep 2016	-0.4	n/a	Cons. · Japanese GAAP
FYE Sep 2017	-0.0	n/a	Cons. · Japanese GAAP
FYE Sep 2018	-0.9	n/a	Cons. · Japanese GAAP
FYE Sep 2019	-0.4	n/a	Cons. · Japanese GAAP
FYE Sep 2020	-2.2	n/a	Cons. · Japanese GAAP
FYE Sep 2021	-1.1	n/a	Cons. · Japanese GAAP
FYE Sep 2022	-0.6	n/a	Cons. · Japanese GAAP
FYE Sep 2023	-9.4	n/a	Cons. · Japanese GAAP
FYE Sep 2024	6.6	n/a	Cons. · Japanese GAAP
FYE Sep 2025	0.8	−87.7%	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 Sep 2025 -¥111bn

Average · 10 yrs -¥4.5bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Sep 2016	3.6	n/a	Cons. · Japanese GAAP
FYE Sep 2017	0.7	−79.3%	Cons. · Japanese GAAP
FYE Sep 2018	-9.8	−1423.7%	Cons. · Japanese GAAP
FYE Sep 2019	28.8	n/a	Cons. · Japanese GAAP
FYE Sep 2020	-0.9	−103.1%	Cons. · Japanese GAAP
FYE Sep 2021	-31.9	n/a	Cons. · Japanese GAAP
FYE Sep 2022	43.6	n/a	Cons. · Japanese GAAP
FYE Sep 2023	7.3	−83.2%	Cons. · Japanese GAAP
FYE Sep 2024	24.2	+230.0%	Cons. · Japanese GAAP
FYE Sep 2025	-111	−557.6%	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 Sep 2025 ¥14bn

CAGR · 10 yrs +5.7%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Sep 2016	8.7	n/a	Cons. · Japanese GAAP
FYE Sep 2017	12.6	+45.3%	Cons. · Japanese GAAP
FYE Sep 2018	13.3	+5.8%	Cons. · Japanese GAAP
FYE Sep 2019	16.6	+24.3%	Cons. · Japanese GAAP
FYE Sep 2020	25.8	+55.3%	Cons. · Japanese GAAP
FYE Sep 2021	19.4	−24.6%	Cons. · Japanese GAAP
FYE Sep 2022	11.7	−39.6%	Cons. · Japanese GAAP
FYE Sep 2023	14.6	+24.4%	Cons. · Japanese GAAP
FYE Sep 2024	16.0	+10.0%	Cons. · Japanese GAAP
FYE Sep 2025	14.3	−10.7%	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 Sep 2025 ¥109bn

Average · 10 yrs ¥5.2bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Sep 2016	-2.1	n/a	Cons. · Japanese GAAP
FYE Sep 2017	3.0	n/a	Cons. · Japanese GAAP
FYE Sep 2018	10.7	+256.1%	Cons. · Japanese GAAP
FYE Sep 2019	-25.2	−335.7%	Cons. · Japanese GAAP
FYE Sep 2020	10.0	n/a	Cons. · Japanese GAAP
FYE Sep 2021	25.5	+154.5%	Cons. · Japanese GAAP
FYE Sep 2022	-51.4	−301.6%	Cons. · Japanese GAAP
FYE Sep 2023	-4.6	n/a	Cons. · Japanese GAAP
FYE Sep 2024	-22.7	n/a	Cons. · Japanese GAAP
FYE Sep 2025	109	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 Sep 2025 83.4%

Average · 10 yrs 21.6%

Fiscal year	OCF margin %	YoY	Basis
FYE Sep 2016	-9.0	n/a	Cons. · Japanese GAAP
FYE Sep 2017	14.4	+23.3pp	Cons. · Japanese GAAP
FYE Sep 2018	52.6	+38.2pp	Cons. · Japanese GAAP
FYE Sep 2019	-93.4	−146.0pp	Cons. · Japanese GAAP
FYE Sep 2020	96.0	+189.4pp	Cons. · Japanese GAAP
FYE Sep 2021	178.6	+82.7pp	Cons. · Japanese GAAP
FYE Sep 2022	-85.9	−264.6pp	Cons. · Japanese GAAP
FYE Sep 2023	6.7	+92.7pp	Cons. · Japanese GAAP
FYE Sep 2024	-27.2	−33.9pp	Cons. · Japanese GAAP
FYE Sep 2025	83.4	+110.6pp	Cons. · Japanese GAAP

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

Net cash

FYE Sep 2025 -¥33bn

Average · 10 yrs -¥49bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Sep 2016	-26.2	n/a	Cons. · Japanese GAAP
FYE Sep 2017	-28.4	n/a	Cons. · Japanese GAAP
FYE Sep 2018	-21.8	n/a	Cons. · Japanese GAAP
FYE Sep 2019	-51.0	n/a	Cons. · Japanese GAAP
FYE Sep 2020	-45.4	n/a	Cons. · Japanese GAAP
FYE Sep 2021	-23.3	n/a	Cons. · Japanese GAAP
FYE Sep 2022	-73.5	n/a	Cons. · Japanese GAAP
FYE Sep 2023	-72.3	n/a	Cons. · Japanese GAAP
FYE Sep 2024	-117	n/a	Cons. · Japanese GAAP
FYE Sep 2025	-32.7	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 Sep 2025 ¥199bn

Change · 10 yrs +¥111bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Sep 2016	88.1	n/a
FYE Sep 2017	118	n/a
FYE Sep 2018	100	n/a
FYE Sep 2019	98.4	n/a
FYE Sep 2020	47.4	n/a
FYE Sep 2021	63.6	n/a
FYE Sep 2022	101	n/a
FYE Sep 2023	120	n/a
FYE Sep 2024	189	n/a
FYE Sep 2025	199	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 Sep 2025 2,378¥

Change · 10 yrs +1,445¥

Fiscal year	Share price ¥	Basis
FYE Sep 2016	933	n/a
FYE Sep 2017	1,245	n/a
FYE Sep 2018	1,087	n/a
FYE Sep 2019	1,085	n/a
FYE Sep 2020	532	n/a
FYE Sep 2021	714	n/a
FYE Sep 2022	1,131	n/a
FYE Sep 2023	1,343	n/a
FYE Sep 2024	2,209	n/a
FYE Sep 2025	2,378	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 Sep 2025 83,803,600shares

Change · 10 yrs −10,658,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Sep 2016	94,461,600	Parent
FYE Sep 2017	94,623,600	Parent
FYE Sep 2018	92,373,600	Parent
FYE Sep 2019	90,673,600	Parent
FYE Sep 2020	89,073,600	Parent
FYE Sep 2021	89,073,600	Parent
FYE Sep 2022	89,073,600	Parent
FYE Sep 2023	89,073,600	Parent
FYE Sep 2024	85,403,600	Parent
FYE Sep 2025	83,803,600	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 Sep 2025 216.18¥

Change · 10 yrs +132.13¥

Fiscal year	EPS ¥	Basis
FYE Sep 2016	84.05	Cons.
FYE Sep 2017	106.44	Cons.
FYE Sep 2018	99.71	Cons.
FYE Sep 2019	113.01	Cons.
FYE Sep 2020	12.98	Cons.
FYE Sep 2021	34.51	Cons.
FYE Sep 2022	99.24	Cons.
FYE Sep 2023	145.97	Cons.
FYE Sep 2024	240.07	Cons.
FYE Sep 2025	216.18	Cons.

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

BPS book value per share

FYE Sep 2025 680.89¥

Change · 10 yrs +493.42¥

Fiscal year	BPS ¥	Basis
FYE Sep 2016	187.47	Cons. · Japanese GAAP
FYE Sep 2017	257.71	Cons. · Japanese GAAP
FYE Sep 2018	318.31	Cons. · Japanese GAAP
FYE Sep 2019	361.19	Cons. · Japanese GAAP
FYE Sep 2020	305.57	Cons. · Japanese GAAP
FYE Sep 2021	328.31	Cons. · Japanese GAAP
FYE Sep 2022	404.96	Cons. · Japanese GAAP
FYE Sep 2023	496.13	Cons. · Japanese GAAP
FYE Sep 2024	623.01	Cons. · Japanese GAAP
FYE Sep 2025	680.89	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Sep 2025 11.00×

Average · 10 yrs 14.58×

Fiscal year	PER ×	Basis
FYE Sep 2016	11.10	Cons.
FYE Sep 2017	11.70	Cons.
FYE Sep 2018	10.90	Cons.
FYE Sep 2019	9.60	Cons.
FYE Sep 2020	41.00	Cons.
FYE Sep 2021	20.70	Cons.
FYE Sep 2022	11.40	Cons.
FYE Sep 2023	9.20	Cons.
FYE Sep 2024	9.20	Cons.
FYE Sep 2025	11.00	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 Sep 2025 3.49×

Average · 10 yrs 3.17×

Fiscal year	PBR ×	Basis
FYE Sep 2016	4.74	Cons.
FYE Sep 2017	4.60	Cons.
FYE Sep 2018	3.33	Cons.
FYE Sep 2019	2.94	Cons.
FYE Sep 2020	1.67	Cons.
FYE Sep 2021	2.09	Cons.
FYE Sep 2022	2.68	Cons.
FYE Sep 2023	2.60	Cons.
FYE Sep 2024	3.51	Cons.
FYE Sep 2025	3.49	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 Sep 2025 383people

Change · 10 yrs +187 people

Fiscal year	Group employees people	YoY	Basis
FYE Sep 2016	196	n/a	Cons.
FYE Sep 2017	227	+15.8%	Cons.
FYE Sep 2018	252	+11.0%	Cons.
FYE Sep 2019	262	+4.0%	Cons.
FYE Sep 2020	338	+29.0%	Cons.
FYE Sep 2021	336	−0.6%	Cons.
FYE Sep 2022	337	+0.3%	Cons.
FYE Sep 2023	307	−8.9%	Cons.
FYE Sep 2024	355	+15.6%	Cons.
FYE Sep 2025	383	+7.9%	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 Sep 2025 309people

Change · 10 yrs +152 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Sep 2016	157	n/a	Parent
FYE Sep 2017	176	+12.1%	Parent
FYE Sep 2018	205	+16.5%	Parent
FYE Sep 2019	216	+5.4%	Parent
FYE Sep 2020	235	+8.8%	Parent
FYE Sep 2021	234	−0.4%	Parent
FYE Sep 2022	241	+3.0%	Parent
FYE Sep 2023	248	+2.9%	Parent
FYE Sep 2024	287	+15.7%	Parent
FYE Sep 2025	309	+7.7%	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 Sep 2025 1,019万円

Change · 7 yrs +172万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Sep 2016	n/a	n/a	Parent
FYE Sep 2017	n/a	n/a	Parent
FYE Sep 2018	n/a	n/a	Parent
FYE Sep 2019	847	n/a	Parent
FYE Sep 2020	861	+1.7%	Parent
FYE Sep 2021	894	+3.9%	Parent
FYE Sep 2022	917	+2.6%	Parent
FYE Sep 2023	1,010	+10.1%	Parent
FYE Sep 2024	1,091	+8.0%	Parent
FYE Sep 2025	1,019	−6.6%	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 Sep 2025 41.4years

Change · 7 yrs +2.6 years

Fiscal year	Average age years	YoY	Basis
FYE Sep 2016	n/a	n/a	Parent
FYE Sep 2017	n/a	n/a	Parent
FYE Sep 2018	n/a	n/a	Parent
FYE Sep 2019	38.8	n/a	Parent
FYE Sep 2020	39.5	+1.8%	Parent
FYE Sep 2021	41.5	+5.1%	Parent
FYE Sep 2022	41.5	−0.0%	Parent
FYE Sep 2023	41.5	−0.0%	Parent
FYE Sep 2024	41.2	−0.7%	Parent
FYE Sep 2025	41.4	+0.5%	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 Sep 2025 4.9years

Change · 7 yrs +1.5 years

Fiscal year	Average length of service years	YoY	Basis
FYE Sep 2016	n/a	n/a	Parent
FYE Sep 2017	n/a	n/a	Parent
FYE Sep 2018	n/a	n/a	Parent
FYE Sep 2019	3.4	n/a	Parent
FYE Sep 2020	3.8	+11.8%	Parent
FYE Sep 2021	4.5	+18.4%	Parent
FYE Sep 2022	4.7	+4.4%	Parent
FYE Sep 2023	4.9	+4.3%	Parent
FYE Sep 2024	5.1	+4.1%	Parent
FYE Sep 2025	4.9	−3.9%	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 Sep 2025 ¥339m

Change · 10 yrs +¥242m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Sep 2016	96.4	n/a	Cons.
FYE Sep 2017	92.8	−3.7%	Cons.
FYE Sep 2018	87.5	−5.8%	Cons.
FYE Sep 2019	102	+16.0%	Cons.
FYE Sep 2020	37.6	−63.0%	Cons.
FYE Sep 2021	44.4	+18.1%	Cons.
FYE Sep 2022	176	+295.5%	Cons.
FYE Sep 2023	232	+31.9%	Cons.
FYE Sep 2024	304	+31.0%	Cons.
FYE Sep 2025	339	+11.6%	Cons.

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

Operating profit per employee

FYE Sep 2025 ¥66.4m

Change · 10 yrs +¥5.9m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Sep 2016	60.5	n/a	Cons.
FYE Sep 2017	59.1	−2.3%	Cons.
FYE Sep 2018	51.8	−12.3%	Cons.
FYE Sep 2019	55.1	+6.3%	Cons.
FYE Sep 2020	5.6	−89.9%	Cons.
FYE Sep 2021	15.6	+180.1%	Cons.
FYE Sep 2022	34.8	+123.8%	Cons.
FYE Sep 2023	59.5	+70.7%	Cons.
FYE Sep 2024	80.7	+35.6%	Cons.
FYE Sep 2025	66.4	−17.7%	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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