Financials

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

FYE Mar 2026 · Revenue¥4.92tnYoY −2.0%

FYE Mar 2026 · Operating profit¥52bnYoY −72.3%

FYE Mar 2026 · Net profit¥35bnYoY −69.2%

FYE Mar 2026 · Equity ratio42.5%YoY −1.3pp

FYE Mar 2026 · Group employees47,144YoY −1,639

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥3.21tn	n/a	¥126bn	n/a	3.9%	¥94bn	Kogai Masamichi	—
FYE Mar 2018Consolidated	¥3.47tn	+8.1%	¥146bn	+16.5%	4.2%	¥112bn	Kogai Masamichi	Business and capital alliance concluded with Toyota Motor
FYE Mar 2019Consolidated	¥3.56tn	+2.6%	¥82bn	−43.8%	2.3%	¥63bn	Kogai Masamichi	Mazda Toyota Manufacturing USA established in Alabama
FYE Mar 2020Consolidated	¥3.43tn	−3.8%	¥44bn	−47.0%	1.3%	¥12bn	Marumoto Akira	—
FYE Mar 2021Consolidated	¥2.88tn	−16.0%	¥8.8bn	−79.8%	0.3%	-¥32bn	Marumoto Akira	—
FYE Mar 2022Consolidated	¥3.12tn	+8.3%	¥104bn	+1081.7%	3.3%	¥82bn	Marumoto Akira	—
FYE Mar 2023Consolidated	¥3.83tn	+22.6%	¥142bn	+36.2%	3.7%	¥143bn	Marumoto Akira	The Alabama joint venture starts volume production of the <em>CX-50</em>
FYE Mar 2024Consolidated	¥4.83tn	+26.2%	¥251bn	+76.4%	5.2%	¥208bn	Marumoto Akira	—
FYE Mar 2025Consolidated	¥5.02tn	+4.0%	¥186bn	−25.7%	3.7%	¥114bn	Moro Masahiro	Record operating and net profit on US large-product sales
FYE Mar 2026Consolidated	¥4.92tn	−2.0%	¥52bn	−72.3%	1.0%	¥35bn	Moro Masahiro	—

How it compares

Toyota Motor¥50.7tnFY2025Operating margin 7.4%Honda¥21.8tnFY2025Operating margin −1.9%Nissan Motor¥12.0tnFY2025Operating margin 0.5%Suzuki¥6.29tnFY2025Operating margin 9.9%

Mazda¥4.92tnFY2025Operating margin 1.0%

SUBARU¥4.78tnFY2025Operating margin 0.8%Mitsubishi Motors¥2.90tnFY2025Operating margin 2.6%

DAIHATSU MOTOR CO., LTD.Delisted 2016

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 ¥4.92tn

CAGR · 10 yrs +4.8%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	3,214	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3,474	+8.1%	Cons. · Japanese GAAP
FYE Mar 2019	3,564	+2.6%	Cons. · Japanese GAAP
FYE Mar 2020	3,430	−3.8%	Cons. · Japanese GAAP
FYE Mar 2021	2,882	−16.0%	Cons. · Japanese GAAP
FYE Mar 2022	3,120	+8.3%	Cons. · Japanese GAAP
FYE Mar 2023	3,827	+22.6%	Cons. · Japanese GAAP
FYE Mar 2024	4,828	+26.2%	Cons. · Japanese GAAP
FYE Mar 2025	5,019	+4.0%	Cons. · Japanese GAAP
FYE Mar 2026	4,918	−2.0%	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 ¥4.03tn

CAGR · 10 yrs +5.7%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	2,448	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,654	+8.4%	Cons. · Japanese GAAP
FYE Mar 2019	2,772	+4.5%	Cons. · Japanese GAAP
FYE Mar 2020	2,684	−3.2%	Cons. · Japanese GAAP
FYE Mar 2021	2,268	−15.5%	Cons. · Japanese GAAP
FYE Mar 2022	2,433	+7.2%	Cons. · Japanese GAAP
FYE Mar 2023	3,025	+24.4%	Cons. · Japanese GAAP
FYE Mar 2024	3,789	+25.2%	Cons. · Japanese GAAP
FYE Mar 2025	3,941	+4.0%	Cons. · Japanese GAAP
FYE Mar 2026	4,032	+2.3%	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 ¥886bn

CAGR · 10 yrs +1.6%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	766	n/a	Cons. · Japanese GAAP
FYE Mar 2018	820	+7.1%	Cons. · Japanese GAAP
FYE Mar 2019	792	−3.5%	Cons. · Japanese GAAP
FYE Mar 2020	747	−5.7%	Cons. · Japanese GAAP
FYE Mar 2021	614	−17.8%	Cons. · Japanese GAAP
FYE Mar 2022	688	+12.1%	Cons. · Japanese GAAP
FYE Mar 2023	802	+16.6%	Cons. · Japanese GAAP
FYE Mar 2024	1,039	+29.6%	Cons. · Japanese GAAP
FYE Mar 2025	1,078	+3.8%	Cons. · Japanese GAAP
FYE Mar 2026	886	−17.8%	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 ¥835bn

CAGR · 10 yrs +3.0%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	640	n/a	Cons. · Japanese GAAP
FYE Mar 2018	674	+5.2%	Cons. · Japanese GAAP
FYE Mar 2019	710	+5.3%	Cons. · Japanese GAAP
FYE Mar 2020	703	−0.9%	Cons. · Japanese GAAP
FYE Mar 2021	605	−14.0%	Cons. · Japanese GAAP
FYE Mar 2022	583	−3.5%	Cons. · Japanese GAAP
FYE Mar 2023	660	+13.0%	Cons. · Japanese GAAP
FYE Mar 2024	788	+19.5%	Cons. · Japanese GAAP
FYE Mar 2025	892	+13.2%	Cons. · Japanese GAAP
FYE Mar 2026	835	−6.4%	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 2026 ¥52bn

CAGR · 10 yrs −9.4%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	126	n/a	Cons. · Japanese GAAP
FYE Mar 2018	146	+16.5%	Cons. · Japanese GAAP
FYE Mar 2019	82.3	−43.8%	Cons. · Japanese GAAP
FYE Mar 2020	43.6	−47.0%	Cons. · Japanese GAAP
FYE Mar 2021	8.8	−79.8%	Cons. · Japanese GAAP
FYE Mar 2022	104	+1081.7%	Cons. · Japanese GAAP
FYE Mar 2023	142	+36.2%	Cons. · Japanese GAAP
FYE Mar 2024	251	+76.4%	Cons. · Japanese GAAP
FYE Mar 2025	186	−25.7%	Cons. · Japanese GAAP
FYE Mar 2026	51.6	−72.3%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥103bn

CAGR · 10 yrs +11.2%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	39.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	42.9	+8.1%	Cons. · Japanese GAAP
FYE Mar 2019	45.9	+7.1%	Cons. · Japanese GAAP
FYE Mar 2020	32.7	−28.9%	Cons. · Japanese GAAP
FYE Mar 2021	32.5	−0.5%	Cons. · Japanese GAAP
FYE Mar 2022	40.2	+23.8%	Cons. · Japanese GAAP
FYE Mar 2023	61.8	+53.6%	Cons. · Japanese GAAP
FYE Mar 2024	95.1	+53.9%	Cons. · Japanese GAAP
FYE Mar 2025	53.4	−43.8%	Cons. · Japanese GAAP
FYE Mar 2026	103	+93.3%	Cons. · Japanese GAAP

Definition: Income from outside the core business
Formula: Non-operating income line of the income statement
Source: Securities report (XBRL)

Non-operating expenses

FYE Mar 2026 ¥23bn

CAGR · 10 yrs −1.3%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	25.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.2	−33.6%	Cons. · Japanese GAAP
FYE Mar 2019	12.1	−29.3%	Cons. · Japanese GAAP
FYE Mar 2020	23.2	+90.8%	Cons. · Japanese GAAP
FYE Mar 2021	13.1	−43.6%	Cons. · Japanese GAAP
FYE Mar 2022	20.9	+60.2%	Cons. · Japanese GAAP
FYE Mar 2023	17.8	−14.8%	Cons. · Japanese GAAP
FYE Mar 2024	25.5	+42.8%	Cons. · Japanese GAAP
FYE Mar 2025	50.6	+98.5%	Cons. · Japanese GAAP
FYE Mar 2026	23.1	−54.4%	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 ¥132bn

CAGR · 10 yrs −0.6%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	140	n/a	Cons. · Japanese GAAP
FYE Mar 2018	172	+23.4%	Cons. · Japanese GAAP
FYE Mar 2019	116	−32.6%	Cons. · Japanese GAAP
FYE Mar 2020	53.1	−54.3%	Cons. · Japanese GAAP
FYE Mar 2021	28.3	−46.8%	Cons. · Japanese GAAP
FYE Mar 2022	124	+337.2%	Cons. · Japanese GAAP
FYE Mar 2023	186	+50.5%	Cons. · Japanese GAAP
FYE Mar 2024	320	+72.2%	Cons. · Japanese GAAP
FYE Mar 2025	189	−41.0%	Cons. · Japanese GAAP
FYE Mar 2026	132	−30.2%	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 ¥0.7bn

CAGR · 10 yrs −0.0%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.5	+110.0%	Cons. · Japanese GAAP
FYE Mar 2019	2.3	+53.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.7	−67.7%	Cons. · Japanese GAAP
FYE Mar 2021	1.0	+30.3%	Cons. · Japanese GAAP
FYE Mar 2022	5.2	+436.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.5	−91.1%	Cons. · Japanese GAAP
FYE Mar 2024	0.2	−49.7%	Cons. · Japanese GAAP
FYE Mar 2025	2.3	+899.1%	Cons. · Japanese GAAP
FYE Mar 2026	0.7	−69.5%	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 ¥35bn

CAGR · 10 yrs −10.3%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	93.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	112	+19.5%	Cons. · Japanese GAAP
FYE Mar 2019	63.2	−43.6%	Cons. · Japanese GAAP
FYE Mar 2020	12.1	−80.8%	Cons. · Japanese GAAP
FYE Mar 2021	-31.7	−360.9%	Cons. · Japanese GAAP
FYE Mar 2022	81.6	n/a	Cons. · Japanese GAAP
FYE Mar 2023	143	+75.1%	Cons. · Japanese GAAP
FYE Mar 2024	208	+45.4%	Cons. · Japanese GAAP
FYE Mar 2025	114	−45.1%	Cons. · Japanese GAAP
FYE Mar 2026	35.1	−69.2%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 18.0%

Average · 10 yrs 21.7%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	23.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.6	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	22.2	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	21.8	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	21.3	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	22.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	20.9	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	21.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	21.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	18.0	−3.5pp	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 1.0%

Average · 10 yrs 2.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	3.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	2.3	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	1.3	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	0.3	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	3.3	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2023	3.7	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	5.2	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2025	3.7	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2026	1.0	−2.7pp	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 2.7%

Average · 10 yrs 3.7%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	4.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	3.3	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	1.5	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2021	1.0	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	4.0	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2023	4.9	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	6.6	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2025	3.8	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2026	2.7	−1.1pp	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 0.7%

Average · 10 yrs 2.1%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	2.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	1.8	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2020	0.4	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	-1.1	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2022	2.6	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2023	3.7	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	4.3	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	2.3	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2026	0.7	−1.6pp	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 82.0%

Average · 10 yrs 78.3%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	76.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	76.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	77.8	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	78.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	78.7	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	78.0	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	79.1	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	78.5	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	78.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	82.0	+3.5pp	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 17.0%

Average · 10 yrs 18.8%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	19.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	19.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	20.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	21.0	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	18.7	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2023	17.2	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2024	16.3	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	17.8	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2026	17.0	−0.8pp	Cons. · Japanese GAAP

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio Debt-to-equity

Total assets

FYE Mar 2026 ¥4.48tn

CAGR · 10 yrs +6.6%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	2,525	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,724	+7.9%	Cons. · Japanese GAAP
FYE Mar 2019	2,878	+5.6%	Cons. · Japanese GAAP
FYE Mar 2020	2,788	−3.1%	Cons. · Japanese GAAP
FYE Mar 2021	2,917	+4.7%	Cons. · Japanese GAAP
FYE Mar 2022	2,968	+1.7%	Cons. · Japanese GAAP
FYE Mar 2023	3,259	+9.8%	Cons. · Japanese GAAP
FYE Mar 2024	3,792	+16.3%	Cons. · Japanese GAAP
FYE Mar 2025	4,090	+7.9%	Cons. · Japanese GAAP
FYE Mar 2026	4,479	+9.5%	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 ¥1.91tn

CAGR · 10 yrs +7.0%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	1,040	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,193	+14.8%	Cons. · Japanese GAAP
FYE Mar 2019	1,204	+0.9%	Cons. · Japanese GAAP
FYE Mar 2020	1,175	−2.3%	Cons. · Japanese GAAP
FYE Mar 2021	1,182	+0.6%	Cons. · Japanese GAAP
FYE Mar 2022	1,302	+10.1%	Cons. · Japanese GAAP
FYE Mar 2023	1,440	+10.6%	Cons. · Japanese GAAP
FYE Mar 2024	1,738	+20.7%	Cons. · Japanese GAAP
FYE Mar 2025	1,793	+3.1%	Cons. · Japanese GAAP
FYE Mar 2026	1,906	+6.3%	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 ¥653bn

CAGR · 10 yrs +6.3%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	376	n/a	Cons. · Japanese GAAP
FYE Mar 2018	367	−2.2%	Cons. · Japanese GAAP
FYE Mar 2019	522	+41.9%	Cons. · Japanese GAAP
FYE Mar 2020	512	−1.9%	Cons. · Japanese GAAP
FYE Mar 2021	673	+31.4%	Cons. · Japanese GAAP
FYE Mar 2022	542	−19.5%	Cons. · Japanese GAAP
FYE Mar 2023	347	−36.0%	Cons. · Japanese GAAP
FYE Mar 2024	389	+12.3%	Cons. · Japanese GAAP
FYE Mar 2025	450	+15.6%	Cons. · Japanese GAAP
FYE Mar 2026	653	+45.2%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Mar 2026 ¥31bn

CAGR · 10 yrs −19.3%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	214	n/a	Cons. · Japanese GAAP
FYE Mar 2018	176	−17.9%	Cons. · Japanese GAAP
FYE Mar 2019	173	−1.8%	Cons. · Japanese GAAP
FYE Mar 2020	158	−8.3%	Cons. · Japanese GAAP
FYE Mar 2021	12.9	−91.8%	Cons. · Japanese GAAP
FYE Mar 2022	64.0	+394.6%	Cons. · Japanese GAAP
FYE Mar 2023	201	+214.3%	Cons. · Japanese GAAP
FYE Mar 2024	145	−28.1%	Cons. · Japanese GAAP
FYE Mar 2025	144	−0.3%	Cons. · Japanese GAAP
FYE Mar 2026	31.1	−78.4%	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 ¥622bn

CAGR · 10 yrs +10.6%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	251	n/a	Cons. · Japanese GAAP
FYE Mar 2018	266	+5.7%	Cons. · Japanese GAAP
FYE Mar 2019	397	+49.5%	Cons. · Japanese GAAP
FYE Mar 2020	390	−1.7%	Cons. · Japanese GAAP
FYE Mar 2021	682	+74.8%	Cons. · Japanese GAAP
FYE Mar 2022	603	−11.7%	Cons. · Japanese GAAP
FYE Mar 2023	345	−42.7%	Cons. · Japanese GAAP
FYE Mar 2024	359	+4.0%	Cons. · Japanese GAAP
FYE Mar 2025	418	+16.3%	Cons. · Japanese GAAP
FYE Mar 2026	622	+49.0%	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 +25.7%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	20.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	50.0	+150.0%	Cons. · Japanese GAAP
FYE Mar 2019	50.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	50.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2021	50.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2022	50.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2023	50.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	65.0	+30.0%	Cons. · Japanese GAAP
FYE Mar 2025	125	+92.3%	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 ¥74bn

CAGR · 10 yrs +9.3%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	33.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.9	+7.9%	Cons. · Japanese GAAP
FYE Mar 2019	36.2	+1.0%	Cons. · Japanese GAAP
FYE Mar 2020	40.1	+10.7%	Cons. · Japanese GAAP
FYE Mar 2021	42.9	+7.0%	Cons. · Japanese GAAP
FYE Mar 2022	48.4	+12.7%	Cons. · Japanese GAAP
FYE Mar 2023	54.6	+12.9%	Cons. · Japanese GAAP
FYE Mar 2024	62.7	+14.9%	Cons. · Japanese GAAP
FYE Mar 2025	70.1	+11.7%	Cons. · Japanese GAAP
FYE Mar 2026	74.1	+5.7%	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 2026 42.5%

Average · 10 yrs 43.0%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	41.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	43.8	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2019	41.8	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2020	42.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	40.5	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2022	43.9	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2023	44.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	45.8	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	43.8	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2026	42.5	−1.3pp	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 34.3%

Average · 10 yrs 35.8%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	36.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.8	−5.3pp	Cons. · Japanese GAAP
FYE Mar 2019	43.3	+12.5pp	Cons. · Japanese GAAP
FYE Mar 2020	43.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	56.9	+13.3pp	Cons. · Japanese GAAP
FYE Mar 2022	41.6	−15.3pp	Cons. · Japanese GAAP
FYE Mar 2023	24.1	−17.5pp	Cons. · Japanese GAAP
FYE Mar 2024	22.4	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	25.1	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2026	34.3	+9.2pp	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 1.8%

Average · 10 yrs 5.8%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	9.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	5.2	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2020	1.0	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2021	-2.7	−3.7pp	Cons. · Japanese GAAP
FYE Mar 2022	6.3	+8.9pp	Cons. · Japanese GAAP
FYE Mar 2023	9.9	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2024	11.9	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2025	6.4	−5.6pp	Cons. · Japanese GAAP
FYE Mar 2026	1.8	−4.5pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 0.8%

Average · 10 yrs 2.6%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	2.2	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	0.4	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	-1.1	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2022	2.7	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2023	4.4	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2024	5.5	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	2.8	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2026	0.8	−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 1.10×

CAGR · 10 yrs −1.6%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.27	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.28	+0.2%	Cons. · Japanese GAAP
FYE Mar 2019	1.24	−2.9%	Cons. · Japanese GAAP
FYE Mar 2020	1.23	−0.7%	Cons. · Japanese GAAP
FYE Mar 2021	0.99	−19.7%	Cons. · Japanese GAAP
FYE Mar 2022	1.05	+6.4%	Cons. · Japanese GAAP
FYE Mar 2023	1.17	+11.7%	Cons. · Japanese GAAP
FYE Mar 2024	1.27	+8.4%	Cons. · Japanese GAAP
FYE Mar 2025	1.23	−3.6%	Cons. · Japanese GAAP
FYE Mar 2026	1.10	−10.5%	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 ¥0.2bn

CAGR · 10 yrs −51.9%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	161	n/a	Cons. · Japanese GAAP
FYE Mar 2018	208	+29.0%	Cons. · Japanese GAAP
FYE Mar 2019	147	−29.4%	Cons. · Japanese GAAP
FYE Mar 2020	34.8	−76.3%	Cons. · Japanese GAAP
FYE Mar 2021	120	+244.7%	Cons. · Japanese GAAP
FYE Mar 2022	189	+57.6%	Cons. · Japanese GAAP
FYE Mar 2023	137	−27.3%	Cons. · Japanese GAAP
FYE Mar 2024	419	+204.8%	Cons. · Japanese GAAP
FYE Mar 2025	306	−27.0%	Cons. · Japanese GAAP
FYE Mar 2026	0.2	−99.9%	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 -¥0.9bn

Average · 10 yrs -¥118bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-63.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-160	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-132	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-128	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-78.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-136	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-99.4	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-180	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-200	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-0.9	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 ¥105bn

Average · 10 yrs -¥2.7bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-150	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	83.4	+173.8%	Cons. · Japanese GAAP
FYE Mar 2020	-24.3	−129.1%	Cons. · Japanese GAAP
FYE Mar 2021	99.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-86.4	−187.0%	Cons. · Japanese GAAP
FYE Mar 2023	-89.9	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-84.7	n/a	Cons. · Japanese GAAP
FYE Mar 2025	90.1	n/a	Cons. · Japanese GAAP
FYE Mar 2026	105	+16.5%	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 ¥1.29tn

CAGR · 10 yrs +10.5%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	527	n/a	Cons. · Japanese GAAP
FYE Mar 2018	605	+14.8%	Cons. · Japanese GAAP
FYE Mar 2019	702	+16.0%	Cons. · Japanese GAAP
FYE Mar 2020	568	−19.0%	Cons. · Japanese GAAP
FYE Mar 2021	739	+30.1%	Cons. · Japanese GAAP
FYE Mar 2022	740	+0.2%	Cons. · Japanese GAAP
FYE Mar 2023	717	−3.1%	Cons. · Japanese GAAP
FYE Mar 2024	919	+28.2%	Cons. · Japanese GAAP
FYE Mar 2025	1,106	+20.3%	Cons. · Japanese GAAP
FYE Mar 2026	1,293	+17.0%	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 -¥0.6bn

Average · 10 yrs ¥54bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	97.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	47.8	−50.9%	Cons. · Japanese GAAP
FYE Mar 2019	15.1	−68.5%	Cons. · Japanese GAAP
FYE Mar 2020	-92.7	−715.1%	Cons. · Japanese GAAP
FYE Mar 2021	41.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	52.9	+28.5%	Cons. · Japanese GAAP
FYE Mar 2023	38.0	−28.2%	Cons. · Japanese GAAP
FYE Mar 2024	239	+529.0%	Cons. · Japanese GAAP
FYE Mar 2025	106	−55.8%	Cons. · Japanese GAAP
FYE Mar 2026	-0.6	−100.6%	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 0.0%

Average · 10 yrs 4.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	5.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.0	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	4.1	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	1.0	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2021	4.2	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2022	6.1	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2023	3.6	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2024	8.7	+5.1pp	Cons. · Japanese GAAP
FYE Mar 2025	6.1	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2026	0.0	−6.1pp	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 ¥640bn

CAGR · 10 yrs +17.4%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	151	n/a	Cons. · Japanese GAAP
FYE Mar 2018	237	+57.0%	Cons. · Japanese GAAP
FYE Mar 2019	180	−24.1%	Cons. · Japanese GAAP
FYE Mar 2020	56.3	−68.8%	Cons. · Japanese GAAP
FYE Mar 2021	66.3	+17.8%	Cons. · Japanese GAAP
FYE Mar 2022	199	+200.0%	Cons. · Japanese GAAP
FYE Mar 2023	370	+86.3%	Cons. · Japanese GAAP
FYE Mar 2024	530	+43.1%	Cons. · Japanese GAAP
FYE Mar 2025	656	+23.7%	Cons. · Japanese GAAP
FYE Mar 2026	640	−2.4%	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 ¥657bn

Change · 9 yrs −¥302bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	960	n/a
FYE Mar 2018	890	n/a
FYE Mar 2019	786	n/a
FYE Mar 2020	361	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	573	n/a
FYE Mar 2023	773	n/a
FYE Mar 2024	1,104	n/a
FYE Mar 2025	595	n/a
FYE Mar 2026	657	n/a

Definition: What the market says the company is worth
Formula: Year-end share price × shares outstanding
Source: Securities report (XBRL)

Share price year-end close

FYE Mar 2026 1,040¥

Change · 9 yrs −560¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,600	n/a
FYE Mar 2018	1,409	n/a
FYE Mar 2019	1,243	n/a
FYE Mar 2020	572	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	906	n/a
FYE Mar 2023	1,224	n/a
FYE Mar 2024	1,747	n/a
FYE Mar 2025	941	n/a
FYE Mar 2026	1,040	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 631,803,000shares

Change · 10 yrs +31,928,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	599,875,000	Parent
FYE Mar 2018	631,803,000	Parent
FYE Mar 2019	631,803,000	Parent
FYE Mar 2020	631,803,000	Parent
FYE Mar 2021	631,803,000	Parent
FYE Mar 2022	631,803,000	Parent
FYE Mar 2023	631,803,000	Parent
FYE Mar 2024	631,803,000	Parent
FYE Mar 2025	631,803,000	Parent
FYE Mar 2026	631,803,000	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 2026 55.64¥

Change · 10 yrs −101.23¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	156.87	Cons.
FYE Mar 2018	182.93	Cons.
FYE Mar 2019	100.28	Cons.
FYE Mar 2020	19.26	Cons.
FYE Mar 2021	-50.26	Cons.
FYE Mar 2022	129.49	Cons.
FYE Mar 2023	226.71	Cons.
FYE Mar 2024	329.65	Cons.
FYE Mar 2025	181.00	Cons.
FYE Mar 2026	55.64	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 3,016.60¥

Change · 10 yrs +1,283.72¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,732.88	Cons. · Japanese GAAP
FYE Mar 2018	1,888.42	Cons. · Japanese GAAP
FYE Mar 2019	1,904.89	Cons. · Japanese GAAP
FYE Mar 2020	1,860.13	Cons. · Japanese GAAP
FYE Mar 2021	1,871.01	Cons. · Japanese GAAP
FYE Mar 2022	2,060.10	Cons. · Japanese GAAP
FYE Mar 2023	2,279.31	Cons. · Japanese GAAP
FYE Mar 2024	2,750.95	Cons. · Japanese GAAP
FYE Mar 2025	2,837.40	Cons. · Japanese GAAP
FYE Mar 2026	3,016.60	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 18.70×

Average · 9 yrs 11.29×

Fiscal year	PER ×	Basis
FYE Mar 2017	10.20	Cons.
FYE Mar 2018	7.70	Cons.
FYE Mar 2019	12.40	Cons.
FYE Mar 2020	29.70	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	7.00	Cons.
FYE Mar 2023	5.40	Cons.
FYE Mar 2024	5.30	Cons.
FYE Mar 2025	5.20	Cons.
FYE Mar 2026	18.70	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 0.34×

Average · 9 yrs 0.54×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.92	Cons.
FYE Mar 2018	0.74	Cons.
FYE Mar 2019	0.65	Cons.
FYE Mar 2020	0.31	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	0.44	Cons.
FYE Mar 2023	0.54	Cons.
FYE Mar 2024	0.63	Cons.
FYE Mar 2025	0.33	Cons.
FYE Mar 2026	0.34	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 47,144people

Change · 10 yrs −1,705 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	48,849	n/a	Cons.
FYE Mar 2018	49,755	+1.9%	Cons.
FYE Mar 2019	49,998	+0.5%	Cons.
FYE Mar 2020	50,479	+1.0%	Cons.
FYE Mar 2021	49,786	−1.4%	Cons.
FYE Mar 2022	48,750	−2.1%	Cons.
FYE Mar 2023	48,481	−0.6%	Cons.
FYE Mar 2024	48,685	+0.4%	Cons.
FYE Mar 2025	48,783	+0.2%	Cons.
FYE Mar 2026	47,144	−3.4%	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 2026 22,857people

Change · 10 yrs +1,457 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	21,400	n/a	Parent
FYE Mar 2018	21,927	+2.5%	Parent
FYE Mar 2019	22,354	+1.9%	Parent
FYE Mar 2020	22,480	+0.6%	Parent
FYE Mar 2021	22,611	+0.6%	Parent
FYE Mar 2022	22,652	+0.2%	Parent
FYE Mar 2023	22,832	+0.8%	Parent
FYE Mar 2024	23,124	+1.3%	Parent
FYE Mar 2025	23,391	+1.2%	Parent
FYE Mar 2026	22,857	−2.3%	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 ¥7.1m

Change · 10 yrs +¥0.3m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	6.8	n/a	Parent
FYE Mar 2018	6.8	−0.6%	Parent
FYE Mar 2019	6.8	−0.5%	Parent
FYE Mar 2020	6.6	−1.9%	Parent
FYE Mar 2021	6.3	−5.3%	Parent
FYE Mar 2022	6.4	+1.4%	Parent
FYE Mar 2023	6.6	+3.3%	Parent
FYE Mar 2024	6.9	+4.6%	Parent
FYE Mar 2025	7.1	+3.6%	Parent
FYE Mar 2026	7.1	−0.5%	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 42.5years

Change · 8 yrs +1.4 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	41.1	n/a	Parent
FYE Mar 2020	41.2	+0.2%	Parent
FYE Mar 2021	41.5	+0.7%	Parent
FYE Mar 2022	41.8	+0.7%	Parent
FYE Mar 2023	42.2	+1.0%	Parent
FYE Mar 2024	42.4	+0.5%	Parent
FYE Mar 2025	42.5	+0.2%	Parent
FYE Mar 2026	42.5	−0.0%	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 17.7years

Change · 10 yrs +1.5 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	16.2	n/a	Parent
FYE Mar 2018	16.3	+0.6%	Parent
FYE Mar 2019	16.4	+0.6%	Parent
FYE Mar 2020	16.7	+1.8%	Parent
FYE Mar 2021	16.9	+1.2%	Parent
FYE Mar 2022	16.6	−1.8%	Parent
FYE Mar 2023	17.2	+3.6%	Parent
FYE Mar 2024	17.6	+2.3%	Parent
FYE Mar 2025	17.4	−1.1%	Parent
FYE Mar 2026	17.7	+1.7%	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 ¥104m

Change · 10 yrs +¥38.5m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	65.8	n/a	Cons.
FYE Mar 2018	69.8	+6.1%	Cons.
FYE Mar 2019	71.3	+2.1%	Cons.
FYE Mar 2020	68.0	−4.7%	Cons.
FYE Mar 2021	57.9	−14.8%	Cons.
FYE Mar 2022	64.0	+10.6%	Cons.
FYE Mar 2023	78.9	+23.3%	Cons.
FYE Mar 2024	99.2	+25.6%	Cons.
FYE Mar 2025	103	+3.8%	Cons.
FYE Mar 2026	104	+1.4%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥1.1m

Change · 10 yrs −¥1.5m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.6	n/a	Cons.
FYE Mar 2018	2.9	+14.4%	Cons.
FYE Mar 2019	1.6	−44.1%	Cons.
FYE Mar 2020	0.9	−47.5%	Cons.
FYE Mar 2021	0.2	−79.5%	Cons.
FYE Mar 2022	2.1	+1106.8%	Cons.
FYE Mar 2023	2.9	+37.0%	Cons.
FYE Mar 2024	5.1	+75.7%	Cons.
FYE Mar 2025	3.8	−25.8%	Cons.
FYE Mar 2026	1.1	−71.3%	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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