Financials

Hino Motors: FYE Mar 2025 and ten years of results (50 metrics)

FYE Mar 2025 · Revenue¥1.70tnYoY +11.9%

FYE Mar 2025 · Operating profit¥57bn

FYE Mar 2025 · Net profit-¥218bnYoY −1374.4%

FYE Mar 2025 · Equity ratio12.1%YoY −14.7pp

FYE Mar 2025 · Group employees33,608YoY −464

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2016Consolidated	¥1.75tn	n/a	¥98bn	n/a	5.6%	¥65bn	Ichihashi Yasuhiko	—
FYE Mar 2017Consolidated	¥1.68tn	−3.5%	¥71bn	−27.6%	4.2%	¥49bn	Ichihashi Yasuhiko	—
FYE Mar 2018Consolidated	¥1.84tn	+9.2%	¥80bn	+12.9%	4.4%	¥51bn	Ichihashi Yasuhiko	New Furukawa “mother plant” begins truck assembly
FYE Mar 2019Consolidated	¥1.98tn	+7.8%	¥87bn	+7.9%	4.4%	¥55bn	Shimo Yoshio	—
FYE Mar 2020Consolidated	¥1.82tn	−8.4%	¥55bn	−36.7%	3.0%	¥31bn	Shimo Yoshio	New truck plant breaks ground in Thailand
FYE Mar 2021Consolidated	¥1.50tn	−17.5%	¥12bn	−77.7%	0.8%	-¥7.5bn	Shimo Yoshio	Certification fraud confirmed on North American engines
FYE Mar 2022Consolidated	¥1.46tn	−2.6%	¥34bn	+176.0%	2.3%	-¥85bn	Shimo Yoshio	—
FYE Mar 2023Consolidated	¥1.51tn	+3.3%	¥17bn	−48.5%	1.2%	-¥118bn	Ogiso Satoshi	Domestic engine-certification fraud exposed; falls into the red
FYE Mar 2024Consolidated	¥1.52tn	+0.6%	-¥8.1bn	−146.6%	-0.5%	¥17bn	Ogiso Satoshi	Merger with Mitsubishi Fuso announced (later shelved)
FYE Mar 2025Consolidated	¥1.70tn	+11.9%	¥57bn	n/a	3.4%	-¥218bn	Ogiso Satoshi	Fuso talks shelved; a U.S. plant closure announced

How it compares

Isuzu Motors¥3.48tnFY2025Operating margin 5.9%

ARCHION¥1.70tnFY2024Operating margin —

Hino MotorsDelisted 2026

Nissan Diesel Motor Co., Ltd.Delisted 2007

SHOWA AIRCRAFT INDUSTRY CO., LTD.Delisted 2020

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 2025 ¥1.70tn

CAGR · 10 yrs −0.3%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2016	1,746	n/a	Cons. · Japanese GAAP
FYE Mar 2017	1,684	−3.5%	Cons. · Japanese GAAP
FYE Mar 2018	1,838	+9.2%	Cons. · Japanese GAAP
FYE Mar 2019	1,981	+7.8%	Cons. · Japanese GAAP
FYE Mar 2020	1,816	−8.4%	Cons. · Japanese GAAP
FYE Mar 2021	1,498	−17.5%	Cons. · Japanese GAAP
FYE Mar 2022	1,460	−2.6%	Cons. · Japanese GAAP
FYE Mar 2023	1,507	+3.3%	Cons. · Japanese GAAP
FYE Mar 2024	1,516	+0.6%	Cons. · Japanese GAAP
FYE Mar 2025	1,697	+11.9%	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 2025 ¥1.40tn

CAGR · 10 yrs −0.4%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2016	1,451	n/a	Cons. · Japanese GAAP
FYE Mar 2017	1,411	−2.7%	Cons. · Japanese GAAP
FYE Mar 2018	1,542	+9.3%	Cons. · Japanese GAAP
FYE Mar 2019	1,674	+8.6%	Cons. · Japanese GAAP
FYE Mar 2020	1,542	−7.9%	Cons. · Japanese GAAP
FYE Mar 2021	1,286	−16.7%	Cons. · Japanese GAAP
FYE Mar 2022	1,209	−5.9%	Cons. · Japanese GAAP
FYE Mar 2023	1,268	+4.8%	Cons. · Japanese GAAP
FYE Mar 2024	1,283	+1.2%	Cons. · Japanese GAAP
FYE Mar 2025	1,402	+9.3%	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 2025 ¥296bn

CAGR · 10 yrs +0.0%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2016	295	n/a	Cons. · Japanese GAAP
FYE Mar 2017	273	−7.4%	Cons. · Japanese GAAP
FYE Mar 2018	296	+8.4%	Cons. · Japanese GAAP
FYE Mar 2019	307	+3.9%	Cons. · Japanese GAAP
FYE Mar 2020	273	−11.0%	Cons. · Japanese GAAP
FYE Mar 2021	213	−22.1%	Cons. · Japanese GAAP
FYE Mar 2022	251	+17.7%	Cons. · Japanese GAAP
FYE Mar 2023	240	−4.3%	Cons. · Japanese GAAP
FYE Mar 2024	234	−2.5%	Cons. · Japanese GAAP
FYE Mar 2025	296	+26.6%	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 2025 ¥238bn

CAGR · 10 yrs +2.2%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2016	196	n/a	Cons. · Japanese GAAP
FYE Mar 2017	201	+2.6%	Cons. · Japanese GAAP
FYE Mar 2018	215	+6.8%	Cons. · Japanese GAAP
FYE Mar 2019	220	+2.3%	Cons. · Japanese GAAP
FYE Mar 2020	218	−0.9%	Cons. · Japanese GAAP
FYE Mar 2021	201	−8.1%	Cons. · Japanese GAAP
FYE Mar 2022	217	+8.0%	Cons. · Japanese GAAP
FYE Mar 2023	222	+2.6%	Cons. · Japanese GAAP
FYE Mar 2024	242	+8.7%	Cons. · Japanese GAAP
FYE Mar 2025	238	−1.4%	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 Mar 2025 ¥57bn

CAGR · 10 yrs −5.8%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2016	98.3	n/a	Cons. · Japanese GAAP
FYE Mar 2017	71.2	−27.6%	Cons. · Japanese GAAP
FYE Mar 2018	80.3	+12.9%	Cons. · Japanese GAAP
FYE Mar 2019	86.7	+7.9%	Cons. · Japanese GAAP
FYE Mar 2020	54.9	−36.7%	Cons. · Japanese GAAP
FYE Mar 2021	12.3	−77.7%	Cons. · Japanese GAAP
FYE Mar 2022	33.8	+176.0%	Cons. · Japanese GAAP
FYE Mar 2023	17.4	−48.5%	Cons. · Japanese GAAP
FYE Mar 2024	-8.1	−146.6%	Cons. · Japanese GAAP
FYE Mar 2025	57.5	n/a	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2025 ¥13bn

CAGR · 10 yrs +1.9%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2016	11.1	n/a	Cons. · Japanese GAAP
FYE Mar 2017	8.6	−22.5%	Cons. · Japanese GAAP
FYE Mar 2018	9.0	+4.2%	Cons. · Japanese GAAP
FYE Mar 2019	9.4	+4.3%	Cons. · Japanese GAAP
FYE Mar 2020	7.7	−17.4%	Cons. · Japanese GAAP
FYE Mar 2021	10.0	+29.7%	Cons. · Japanese GAAP
FYE Mar 2022	9.7	−3.1%	Cons. · Japanese GAAP
FYE Mar 2023	11.5	+18.7%	Cons. · Japanese GAAP
FYE Mar 2024	14.5	+25.5%	Cons. · Japanese GAAP
FYE Mar 2025	13.2	−8.9%	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 2025 ¥31bn

CAGR · 10 yrs +9.8%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2016	13.5	n/a	Cons. · Japanese GAAP
FYE Mar 2017	7.7	−42.7%	Cons. · Japanese GAAP
FYE Mar 2018	8.9	+14.7%	Cons. · Japanese GAAP
FYE Mar 2019	12.2	+37.1%	Cons. · Japanese GAAP
FYE Mar 2020	13.0	+6.7%	Cons. · Japanese GAAP
FYE Mar 2021	10.0	−22.9%	Cons. · Japanese GAAP
FYE Mar 2022	5.5	−44.7%	Cons. · Japanese GAAP
FYE Mar 2023	13.2	+137.4%	Cons. · Japanese GAAP
FYE Mar 2024	15.6	+18.6%	Cons. · Japanese GAAP
FYE Mar 2025	31.4	+101.0%	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 2025 ¥39bn

CAGR · 10 yrs −9.4%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2016	95.9	n/a	Cons. · Japanese GAAP
FYE Mar 2017	72.0	−24.9%	Cons. · Japanese GAAP
FYE Mar 2018	80.4	+11.6%	Cons. · Japanese GAAP
FYE Mar 2019	83.9	+4.3%	Cons. · Japanese GAAP
FYE Mar 2020	49.6	−40.9%	Cons. · Japanese GAAP
FYE Mar 2021	12.3	−75.3%	Cons. · Japanese GAAP
FYE Mar 2022	38.0	+209.8%	Cons. · Japanese GAAP
FYE Mar 2023	15.8	−58.4%	Cons. · Japanese GAAP
FYE Mar 2024	-9.2	−158.5%	Cons. · Japanese GAAP
FYE Mar 2025	39.3	n/a	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 2025 ¥59bn

CAGR · 10 yrs +22.3%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2016	9.7	n/a	Cons. · Japanese GAAP
FYE Mar 2017	1.1	−89.2%	Cons. · Japanese GAAP
FYE Mar 2018	3.5	+229.0%	Cons. · Japanese GAAP
FYE Mar 2019	4.3	+22.8%	Cons. · Japanese GAAP
FYE Mar 2020	3.2	−25.2%	Cons. · Japanese GAAP
FYE Mar 2021	1.8	−44.8%	Cons. · Japanese GAAP
FYE Mar 2022	1.1	−36.2%	Cons. · Japanese GAAP
FYE Mar 2023	5.2	+361.0%	Cons. · Japanese GAAP
FYE Mar 2024	130	+2398.7%	Cons. · Japanese GAAP
FYE Mar 2025	59.4	−54.2%	Cons. · Japanese GAAP

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

Net profit profit attributable to owners of the parent

FYE Mar 2025 -¥218bn

Average · 10 yrs -¥16bn

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2016	65.1	n/a	Cons. · Japanese GAAP
FYE Mar 2017	49.4	−24.1%	Cons. · Japanese GAAP
FYE Mar 2018	51.4	+4.0%	Cons. · Japanese GAAP
FYE Mar 2019	54.9	+6.9%	Cons. · Japanese GAAP
FYE Mar 2020	31.5	−42.7%	Cons. · Japanese GAAP
FYE Mar 2021	-7.5	−123.8%	Cons. · Japanese GAAP
FYE Mar 2022	-84.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-118	n/a	Cons. · Japanese GAAP
FYE Mar 2024	17.1	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-218	−1374.4%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2025 17.4%

Average · 10 yrs 16.0%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2016	16.9	n/a	Cons. · Japanese GAAP
FYE Mar 2017	16.2	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2018	16.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	15.5	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	15.0	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	14.2	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	17.2	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2023	15.9	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2024	15.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	17.4	+2.0pp	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 2025 3.4%

Average · 10 yrs 2.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2016	5.6	n/a	Cons. · Japanese GAAP
FYE Mar 2017	4.2	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2018	4.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	4.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	3.0	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	0.8	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2022	2.3	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	1.2	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	-0.5	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	3.4	+3.9pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Mar 2025 2.3%

Average · 10 yrs 2.7%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2016	5.5	n/a	Cons. · Japanese GAAP
FYE Mar 2017	4.3	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2018	4.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	4.2	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	2.7	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2021	0.8	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2022	2.6	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2023	1.0	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2024	-0.6	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	2.3	+2.9pp	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 2025 -12.8%

Average · 10 yrs -1.2%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2016	3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2017	2.9	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2018	2.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	2.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	1.7	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	-0.5	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2022	-5.8	−5.3pp	Cons. · Japanese GAAP
FYE Mar 2023	-7.8	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2024	1.1	+8.9pp	Cons. · Japanese GAAP
FYE Mar 2025	-12.8	−14.0pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Mar 2025 82.6%

Average · 10 yrs 84.0%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2016	83.1	n/a	Cons. · Japanese GAAP
FYE Mar 2017	83.8	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2018	83.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	84.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	85.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	85.8	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	82.8	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2023	84.1	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2024	84.6	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	82.6	−2.0pp	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 2025 14.0%

Average · 10 yrs 13.1%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2016	11.2	n/a	Cons. · Japanese GAAP
FYE Mar 2017	12.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2018	11.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	11.1	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	12.0	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	13.4	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2022	14.8	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	14.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	15.9	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	14.0	−1.9pp	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 2025 ¥1.48tn

CAGR · 10 yrs +3.1%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2016	1,120	n/a	Cons. · Japanese GAAP
FYE Mar 2017	1,192	+6.5%	Cons. · Japanese GAAP
FYE Mar 2018	1,286	+7.9%	Cons. · Japanese GAAP
FYE Mar 2019	1,346	+4.6%	Cons. · Japanese GAAP
FYE Mar 2020	1,275	−5.3%	Cons. · Japanese GAAP
FYE Mar 2021	1,231	−3.4%	Cons. · Japanese GAAP
FYE Mar 2022	1,258	+2.2%	Cons. · Japanese GAAP
FYE Mar 2023	1,362	+8.2%	Cons. · Japanese GAAP
FYE Mar 2024	1,464	+7.5%	Cons. · Japanese GAAP
FYE Mar 2025	1,478	+0.9%	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 2025 ¥178bn

CAGR · 10 yrs −9.3%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2016	430	n/a	Cons. · Japanese GAAP
FYE Mar 2017	465	+8.3%	Cons. · Japanese GAAP
FYE Mar 2018	502	+8.0%	Cons. · Japanese GAAP
FYE Mar 2019	543	+8.0%	Cons. · Japanese GAAP
FYE Mar 2020	542	−0.1%	Cons. · Japanese GAAP
FYE Mar 2021	554	+2.2%	Cons. · Japanese GAAP
FYE Mar 2022	458	−17.3%	Cons. · Japanese GAAP
FYE Mar 2023	368	−19.7%	Cons. · Japanese GAAP
FYE Mar 2024	392	+6.6%	Cons. · Japanese GAAP
FYE Mar 2025	178	−54.5%	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 2025 ¥384bn

CAGR · 10 yrs +12.2%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2016	137	n/a	Cons. · Japanese GAAP
FYE Mar 2017	104	−24.2%	Cons. · Japanese GAAP
FYE Mar 2018	167	+61.1%	Cons. · Japanese GAAP
FYE Mar 2019	216	+29.4%	Cons. · Japanese GAAP
FYE Mar 2020	198	−8.3%	Cons. · Japanese GAAP
FYE Mar 2021	173	−12.5%	Cons. · Japanese GAAP
FYE Mar 2022	153	−11.8%	Cons. · Japanese GAAP
FYE Mar 2023	279	+82.7%	Cons. · Japanese GAAP
FYE Mar 2024	340	+21.9%	Cons. · Japanese GAAP
FYE Mar 2025	384	+12.8%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Mar 2025 ¥382bn

CAGR · 10 yrs +14.6%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2016	113	n/a	Cons. · Japanese GAAP
FYE Mar 2017	156	+38.3%	Cons. · Japanese GAAP
FYE Mar 2018	170	+9.0%	Cons. · Japanese GAAP
FYE Mar 2019	202	+18.8%	Cons. · Japanese GAAP
FYE Mar 2020	192	−4.6%	Cons. · Japanese GAAP
FYE Mar 2021	165	−14.0%	Cons. · Japanese GAAP
FYE Mar 2022	153	−7.5%	Cons. · Japanese GAAP
FYE Mar 2023	255	+66.5%	Cons. · Japanese GAAP
FYE Mar 2024	354	+38.9%	Cons. · Japanese GAAP
FYE Mar 2025	382	+8.2%	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 2025 ¥18bn

CAGR · 10 yrs −4.1%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2016	26.8	n/a	Cons. · Japanese GAAP
FYE Mar 2017	18.1	−32.6%	Cons. · Japanese GAAP
FYE Mar 2018	12.7	−29.5%	Cons. · Japanese GAAP
FYE Mar 2019	20.5	+60.9%	Cons. · Japanese GAAP
FYE Mar 2020	19.8	−3.1%	Cons. · Japanese GAAP
FYE Mar 2021	14.2	−28.4%	Cons. · Japanese GAAP
FYE Mar 2022	8.3	−41.7%	Cons. · Japanese GAAP
FYE Mar 2023	35.8	+332.5%	Cons. · Japanese GAAP
FYE Mar 2024	20.2	−43.7%	Cons. · Japanese GAAP
FYE Mar 2025	18.4	−9.0%	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 2025 ¥15bn

Average · 10 yrs ¥3.2bn

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2016	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	0.0	n/a	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	5.9	n/a	Cons. · Japanese GAAP
FYE Mar 2024	11.3	+91.6%	Cons. · Japanese GAAP
FYE Mar 2025	15.1	+34.2%	Cons. · Japanese GAAP

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

Intangible assets

FYE Mar 2025 ¥34bn

CAGR · 10 yrs +5.1%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2016	21.9	n/a	Cons. · Japanese GAAP
FYE Mar 2017	21.2	−3.2%	Cons. · Japanese GAAP
FYE Mar 2018	21.2	−0.2%	Cons. · Japanese GAAP
FYE Mar 2019	23.6	+11.6%	Cons. · Japanese GAAP
FYE Mar 2020	26.9	+13.9%	Cons. · Japanese GAAP
FYE Mar 2021	26.9	+0.1%	Cons. · Japanese GAAP
FYE Mar 2022	31.1	+15.6%	Cons. · Japanese GAAP
FYE Mar 2023	31.7	+1.8%	Cons. · Japanese GAAP
FYE Mar 2024	31.3	−1.1%	Cons. · Japanese GAAP
FYE Mar 2025	34.4	+9.7%	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 2025 12.1%

Average · 10 yrs 34.7%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2016	38.4	n/a	Cons. · Japanese GAAP
FYE Mar 2017	39.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2018	39.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	40.3	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	42.5	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2021	45.0	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2022	36.4	−8.6pp	Cons. · Japanese GAAP
FYE Mar 2023	27.0	−9.4pp	Cons. · Japanese GAAP
FYE Mar 2024	26.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	12.1	−14.7pp	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 2025 215.1%

Average · 10 yrs 60.6%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2016	31.8	n/a	Cons. · Japanese GAAP
FYE Mar 2017	22.2	−9.5pp	Cons. · Japanese GAAP
FYE Mar 2018	33.2	+10.9pp	Cons. · Japanese GAAP
FYE Mar 2019	39.8	+6.6pp	Cons. · Japanese GAAP
FYE Mar 2020	36.5	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2021	31.3	−5.3pp	Cons. · Japanese GAAP
FYE Mar 2022	33.4	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2023	75.9	+42.5pp	Cons. · Japanese GAAP
FYE Mar 2024	86.8	+10.9pp	Cons. · Japanese GAAP
FYE Mar 2025	215.1	+128.3pp	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 2025 -122.0%

Average · 10 yrs -11.8%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2016	15.2	n/a	Cons. · Japanese GAAP
FYE Mar 2017	10.6	−4.5pp	Cons. · Japanese GAAP
FYE Mar 2018	10.2	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	10.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	5.8	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2021	-1.4	−7.2pp	Cons. · Japanese GAAP
FYE Mar 2022	-18.5	−17.1pp	Cons. · Japanese GAAP
FYE Mar 2023	-32.0	−13.5pp	Cons. · Japanese GAAP
FYE Mar 2024	4.4	+36.3pp	Cons. · Japanese GAAP
FYE Mar 2025	-122.0	−126.4pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2025 -14.7%

Average · 10 yrs -0.9%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2016	5.8	n/a	Cons. · Japanese GAAP
FYE Mar 2017	4.1	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2018	4.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	4.1	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	2.5	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	-0.6	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2022	-6.7	−6.1pp	Cons. · Japanese GAAP
FYE Mar 2023	-8.6	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2024	1.2	+9.8pp	Cons. · Japanese GAAP
FYE Mar 2025	-14.7	−15.9pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2025 1.15×

CAGR · 10 yrs −3.3%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2016	1.56	n/a	Cons. · Japanese GAAP
FYE Mar 2017	1.41	−9.4%	Cons. · Japanese GAAP
FYE Mar 2018	1.43	+1.2%	Cons. · Japanese GAAP
FYE Mar 2019	1.47	+3.0%	Cons. · Japanese GAAP
FYE Mar 2020	1.42	−3.3%	Cons. · Japanese GAAP
FYE Mar 2021	1.22	−14.5%	Cons. · Japanese GAAP
FYE Mar 2022	1.16	−4.7%	Cons. · Japanese GAAP
FYE Mar 2023	1.11	−4.6%	Cons. · Japanese GAAP
FYE Mar 2024	1.04	−6.5%	Cons. · Japanese GAAP
FYE Mar 2025	1.15	+10.9%	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 Mar 2025 ¥1.1bn

CAGR · 10 yrs −40.0%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2016	111	n/a	Cons. · Japanese GAAP
FYE Mar 2017	75.8	−32.0%	Cons. · Japanese GAAP
FYE Mar 2018	86.5	+14.1%	Cons. · Japanese GAAP
FYE Mar 2019	48.7	−43.7%	Cons. · Japanese GAAP
FYE Mar 2020	95.2	+95.6%	Cons. · Japanese GAAP
FYE Mar 2021	108	+13.9%	Cons. · Japanese GAAP
FYE Mar 2022	107	−1.6%	Cons. · Japanese GAAP
FYE Mar 2023	-40.8	−138.2%	Cons. · Japanese GAAP
FYE Mar 2024	-110	n/a	Cons. · Japanese GAAP
FYE Mar 2025	1.1	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 Mar 2025 -¥4.6bn

Average · 10 yrs -¥53bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2016	-87.7	n/a	Cons. · Japanese GAAP
FYE Mar 2017	-92.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-62.8	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-72.3	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-67.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-56.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-62.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-60.3	n/a	Cons. · Japanese GAAP
FYE Mar 2024	39.2	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-4.6	−111.7%	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 2025 ¥30bn

Average · 10 yrs ¥10bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2016	-22.1	n/a	Cons. · Japanese GAAP
FYE Mar 2017	17.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-9.4	−154.1%	Cons. · Japanese GAAP
FYE Mar 2019	20.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-28.2	−235.1%	Cons. · Japanese GAAP
FYE Mar 2021	-38.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-39.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	114	n/a	Cons. · Japanese GAAP
FYE Mar 2024	55.6	−51.3%	Cons. · Japanese GAAP
FYE Mar 2025	29.7	−46.6%	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 Mar 2025 ¥88bn

CAGR · 10 yrs +11.2%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2016	33.9	n/a	Cons. · Japanese GAAP
FYE Mar 2017	31.1	−8.3%	Cons. · Japanese GAAP
FYE Mar 2018	44.6	+43.2%	Cons. · Japanese GAAP
FYE Mar 2019	40.7	−8.7%	Cons. · Japanese GAAP
FYE Mar 2020	39.8	−2.2%	Cons. · Japanese GAAP
FYE Mar 2021	54.7	+37.3%	Cons. · Japanese GAAP
FYE Mar 2022	62.7	+14.7%	Cons. · Japanese GAAP
FYE Mar 2023	75.7	+20.8%	Cons. · Japanese GAAP
FYE Mar 2024	67.7	−10.5%	Cons. · Japanese GAAP
FYE Mar 2025	88.4	+30.5%	Cons. · Japanese GAAP

Definition: Cash on hand at the year end
Formula: Closing balance in the cash flow statement
Source: Securities report (XBRL)

Free cash flow

FYE Mar 2025 -¥3.5bn

Average · 10 yrs -¥4.4bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2016	23.7	n/a	Cons. · Japanese GAAP
FYE Mar 2017	-16.8	−171.0%	Cons. · Japanese GAAP
FYE Mar 2018	23.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-23.6	−199.7%	Cons. · Japanese GAAP
FYE Mar 2020	28.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	52.2	+85.4%	Cons. · Japanese GAAP
FYE Mar 2022	44.5	−14.7%	Cons. · Japanese GAAP
FYE Mar 2023	-101	−326.9%	Cons. · Japanese GAAP
FYE Mar 2024	-71.2	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-3.5	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 2025 0.1%

Average · 10 yrs 2.8%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2016	6.4	n/a	Cons. · Japanese GAAP
FYE Mar 2017	4.5	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2018	4.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	2.5	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2020	5.2	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2021	7.2	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2022	7.3	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	-2.7	−10.0pp	Cons. · Japanese GAAP
FYE Mar 2024	-7.3	−4.6pp	Cons. · Japanese GAAP
FYE Mar 2025	0.1	+7.3pp	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 2025 -¥295bn

Average · 10 yrs -¥161bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2016	-103	n/a	Cons. · Japanese GAAP
FYE Mar 2017	-72.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-122	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-175	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-158	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-119	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-90.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-204	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-273	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-295	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 2025 ¥240bn

Change · 10 yrs −¥459bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2016	699	n/a
FYE Mar 2017	772	n/a
FYE Mar 2018	787	n/a
FYE Mar 2019	533	n/a
FYE Mar 2020	334	n/a
FYE Mar 2021	547	n/a
FYE Mar 2022	416	n/a
FYE Mar 2023	318	n/a
FYE Mar 2024	292	n/a
FYE Mar 2025	240	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 2025 417¥

Change · 10 yrs −798¥

Fiscal year	Share price ¥	Basis
FYE Mar 2016	1,216	n/a
FYE Mar 2017	1,344	n/a
FYE Mar 2018	1,370	n/a
FYE Mar 2019	928	n/a
FYE Mar 2020	581	n/a
FYE Mar 2021	953	n/a
FYE Mar 2022	723	n/a
FYE Mar 2023	553	n/a
FYE Mar 2024	509	n/a
FYE Mar 2025	417	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 2025 574,580,000shares

Change · 10 yrs −0 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2016	574,580,000	Parent
FYE Mar 2017	574,580,000	Parent
FYE Mar 2018	574,580,000	Parent
FYE Mar 2019	574,580,000	Parent
FYE Mar 2020	574,580,000	Parent
FYE Mar 2021	574,580,000	Parent
FYE Mar 2022	574,580,000	Parent
FYE Mar 2023	574,580,000	Parent
FYE Mar 2024	574,580,000	Parent
FYE Mar 2025	574,580,000	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 2025 -379.34¥

Change · 10 yrs −492.96¥

Fiscal year	EPS ¥	Basis
FYE Mar 2016	113.62	Cons.
FYE Mar 2017	86.15	Cons.
FYE Mar 2018	89.52	Cons.
FYE Mar 2019	95.66	Cons.
FYE Mar 2020	54.82	Cons.
FYE Mar 2021	-13.05	Cons.
FYE Mar 2022	-147.61	Cons.
FYE Mar 2023	-204.98	Cons.
FYE Mar 2024	29.77	Cons.
FYE Mar 2025	-379.34	Cons.

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

BPS book value per share

FYE Mar 2025 310.61¥

Change · 10 yrs −436.93¥

Fiscal year	BPS ¥	Basis
FYE Mar 2016	747.53	Cons. · Japanese GAAP
FYE Mar 2017	809.88	Cons. · Japanese GAAP
FYE Mar 2018	874.36	Cons. · Japanese GAAP
FYE Mar 2019	944.43	Cons. · Japanese GAAP
FYE Mar 2020	943.63	Cons. · Japanese GAAP
FYE Mar 2021	964.61	Cons. · Japanese GAAP
FYE Mar 2022	797.40	Cons. · Japanese GAAP
FYE Mar 2023	640.32	Cons. · Japanese GAAP
FYE Mar 2024	682.32	Cons. · Japanese GAAP
FYE Mar 2025	310.61	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2025 -1.10×

Average · 10 yrs -0.27×

Fiscal year	PER ×	Basis
FYE Mar 2016	10.70	Cons.
FYE Mar 2017	15.60	Cons.
FYE Mar 2018	15.30	Cons.
FYE Mar 2019	9.70	Cons.
FYE Mar 2020	10.60	Cons.
FYE Mar 2021	-73.00	Cons.
FYE Mar 2022	-4.90	Cons.
FYE Mar 2023	-2.70	Cons.
FYE Mar 2024	17.10	Cons.
FYE Mar 2025	-1.10	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 2025 1.34×

Average · 10 yrs 1.13×

Fiscal year	PBR ×	Basis
FYE Mar 2016	1.62	Cons.
FYE Mar 2017	1.66	Cons.
FYE Mar 2018	1.56	Cons.
FYE Mar 2019	0.98	Cons.
FYE Mar 2020	0.62	Cons.
FYE Mar 2021	0.99	Cons.
FYE Mar 2022	0.91	Cons.
FYE Mar 2023	0.86	Cons.
FYE Mar 2024	0.75	Cons.
FYE Mar 2025	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 2025 33,608people

Change · 10 yrs +2,588 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2016	31,020	n/a	Cons.
FYE Mar 2017	32,111	+3.5%	Cons.
FYE Mar 2018	32,719	+1.9%	Cons.
FYE Mar 2019	34,069	+4.1%	Cons.
FYE Mar 2020	34,548	+1.4%	Cons.
FYE Mar 2021	34,527	−0.1%	Cons.
FYE Mar 2022	34,405	−0.4%	Cons.
FYE Mar 2023	34,231	−0.5%	Cons.
FYE Mar 2024	34,072	−0.5%	Cons.
FYE Mar 2025	33,608	−1.4%	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 2025 11,950people

Change · 10 yrs −303 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2016	12,253	n/a	Parent
FYE Mar 2017	12,622	+3.0%	Parent
FYE Mar 2018	12,705	+0.7%	Parent
FYE Mar 2019	12,935	+1.8%	Parent
FYE Mar 2020	12,805	−1.0%	Parent
FYE Mar 2021	12,784	−0.2%	Parent
FYE Mar 2022	12,691	−0.7%	Parent
FYE Mar 2023	12,244	−3.5%	Parent
FYE Mar 2024	12,175	−0.6%	Parent
FYE Mar 2025	11,950	−1.8%	Parent

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

Average annual pay parent company

FYE Mar 2025 ¥6.6m

Change · 10 yrs +¥0.1m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2016	6.5	n/a	Parent
FYE Mar 2017	6.5	+0.4%	Parent
FYE Mar 2018	6.6	+0.5%	Parent
FYE Mar 2019	6.7	+1.6%	Parent
FYE Mar 2020	6.5	−2.1%	Parent
FYE Mar 2021	6.2	−5.1%	Parent
FYE Mar 2022	6.4	+3.0%	Parent
FYE Mar 2023	6.5	+2.5%	Parent
FYE Mar 2024	6.5	−0.3%	Parent
FYE Mar 2025	6.6	+0.4%	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 2025 41.8years

Change · 7 yrs +4.5 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2016	n/a	n/a	Parent
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	37.3	n/a	Parent
FYE Mar 2020	37.8	+1.3%	Parent
FYE Mar 2021	38.6	+2.1%	Parent
FYE Mar 2022	39.4	+2.1%	Parent
FYE Mar 2023	40.4	+2.5%	Parent
FYE Mar 2024	41.1	+1.7%	Parent
FYE Mar 2025	41.8	+1.7%	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 2025 19.0years

Change · 10 yrs +4.5 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2016	14.5	n/a	Parent
FYE Mar 2017	14.6	+0.7%	Parent
FYE Mar 2018	14.7	+0.7%	Parent
FYE Mar 2019	15.0	+2.0%	Parent
FYE Mar 2020	15.0	−0.0%	Parent
FYE Mar 2021	16.0	+6.7%	Parent
FYE Mar 2022	17.0	+6.3%	Parent
FYE Mar 2023	18.0	+5.9%	Parent
FYE Mar 2024	18.0	−0.0%	Parent
FYE Mar 2025	19.0	+5.6%	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)

Temporary employees

FYE Mar 2025 8,361people

Change · 10 yrs −2,344 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2016	10,705	n/a	n/a
FYE Mar 2017	10,664	−0.4%	n/a
FYE Mar 2018	11,910	+11.7%	n/a
FYE Mar 2019	11,373	−4.5%	n/a
FYE Mar 2020	9,640	−15.2%	n/a
FYE Mar 2021	7,363	−23.6%	n/a
FYE Mar 2022	8,448	+14.7%	n/a
FYE Mar 2023	9,024	+6.8%	n/a
FYE Mar 2024	9,486	+5.1%	n/a
FYE Mar 2025	8,361	−11.9%	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 2025 ¥50.5m

Change · 10 yrs −¥5.8m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2016	56.3	n/a	Cons.
FYE Mar 2017	52.4	−6.8%	Cons.
FYE Mar 2018	56.2	+7.1%	Cons.
FYE Mar 2019	58.2	+3.5%	Cons.
FYE Mar 2020	52.6	−9.6%	Cons.
FYE Mar 2021	43.4	−17.4%	Cons.
FYE Mar 2022	42.4	−2.2%	Cons.
FYE Mar 2023	44.0	+3.8%	Cons.
FYE Mar 2024	44.5	+1.1%	Cons.
FYE Mar 2025	50.5	+13.5%	Cons.

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

Operating profit per employee

FYE Mar 2025 ¥1.7m

Change · 10 yrs −¥1.5m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2016	3.2	n/a	Cons.
FYE Mar 2017	2.2	−30.0%	Cons.
FYE Mar 2018	2.5	+10.8%	Cons.
FYE Mar 2019	2.5	+3.7%	Cons.
FYE Mar 2020	1.6	−37.6%	Cons.
FYE Mar 2021	0.4	−77.7%	Cons.
FYE Mar 2022	1.0	+177.0%	Cons.
FYE Mar 2023	0.5	−48.3%	Cons.
FYE Mar 2024	-0.2	−146.8%	Cons.
FYE Mar 2025	1.7	n/a	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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