Financials

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

FYE Mar 2026 · Revenue¥4.78tnYoY +2.1%

FYE Mar 2026 · Operating profit¥40bnYoY −90.1%

FYE Mar 2026 · Net profit¥91bnYoY −73.1%

FYE Mar 2026 · Equity ratio50.6%YoY −2.7pp

FYE Mar 2026 · Group employees37,542YoY −324

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥3.33tn	n/a	¥411bn	n/a	12.4%	¥282bn	Yoshinaga Yasuyuki	—
FYE Mar 2018Consolidated	¥3.23tn	−2.8%	¥379bn	−7.6%	11.7%	¥220bn	Yoshinaga Yasuyuki	The company is renamed SUBARU
FYE Mar 2019Consolidated	¥3.16tn	−2.2%	¥182bn	−52.1%	5.7%	¥148bn	Yoshinaga Yasuyuki	—
FYE Mar 2020Consolidated	¥3.34tn	+5.7%	¥210bn	+15.7%	6.3%	¥136bn	Nakamura Tomomi	A capital and business alliance with Toyota Motor is agreed
FYE Mar 2021Consolidated	¥2.83tn	−15.3%	¥102bn	−51.3%	3.6%	¥77bn	Nakamura Tomomi	—
FYE Mar 2022Consolidated	¥2.74tn	−3.0%	¥90bn	−11.7%	3.3%	¥70bn	Nakamura Tomomi	—
FYE Mar 2023Consolidated	¥3.77tn	+37.5%	¥267bn	+195.7%	7.1%	¥200bn	Nakamura Tomomi	—
FYE Mar 2024Consolidated	¥4.70tn	+24.6%	¥468bn	+75.0%	10.0%	¥385bn	Nakamura Tomomi	Operating profit recovers to ¥267.5bn as the new Crosstrek and Forester land
FYE Mar 2025Consolidated	¥4.69tn	−0.4%	¥405bn	−13.4%	8.6%	¥338bn	Osaki Atsushi	—
FYE Mar 2026Consolidated	¥4.78tn	+2.1%	¥40bn	−90.1%	0.8%	¥91bn	Osaki Atsushi	—

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 Other operating costs Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥4.78tn

CAGR · 10 yrs +4.1%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	3,326	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3,233	−2.8%	Cons. · Japanese GAAP
FYE Mar 2019	3,161	−2.2%	Cons. · Japanese GAAP
FYE Mar 2020	3,341	moved to IFRS	Cons. · IFRS
FYE Mar 2021	2,830	−15.3%	Cons. · IFRS
FYE Mar 2022	2,745	−3.0%	Cons. · IFRS
FYE Mar 2023	3,774	+37.5%	Cons. · IFRS
FYE Mar 2024	4,703	+24.6%	Cons. · IFRS
FYE Mar 2025	4,686	−0.4%	Cons. · IFRS
FYE Mar 2026	4,785	+2.1%	Cons. · IFRS

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 ¥4.07tn

CAGR · 10 yrs +6.1%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	2,386	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,443	+2.4%	Cons. · Japanese GAAP
FYE Mar 2019	2,558	+4.7%	Cons. · Japanese GAAP
FYE Mar 2020	2,729	moved to IFRS	Cons. · IFRS
FYE Mar 2021	2,338	−14.3%	Cons. · IFRS
FYE Mar 2022	2,241	−4.2%	Cons. · IFRS
FYE Mar 2023	3,038	+35.6%	Cons. · IFRS
FYE Mar 2024	3,711	+22.1%	Cons. · IFRS
FYE Mar 2025	3,705	−0.1%	Cons. · IFRS
FYE Mar 2026	4,065	+9.7%	Cons. · IFRS

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 ¥719bn

CAGR · 10 yrs −2.9%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	940	n/a	Cons. · Japanese GAAP
FYE Mar 2018	790	−15.9%	Cons. · Japanese GAAP
FYE Mar 2019	598	−24.3%	Cons. · Japanese GAAP
FYE Mar 2020	616	moved to IFRS	Cons. · IFRS
FYE Mar 2021	493	−20.0%	Cons. · IFRS
FYE Mar 2022	504	+2.3%	Cons. · IFRS
FYE Mar 2023	736	+46.1%	Cons. · IFRS
FYE Mar 2024	992	+34.8%	Cons. · IFRS
FYE Mar 2025	980	−1.2%	Cons. · IFRS
FYE Mar 2026	719	−26.6%	Cons. · IFRS

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 ¥374bn

CAGR · 10 yrs −3.8%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	529	n/a	Cons. · Japanese GAAP
FYE Mar 2018	411	−22.4%	Cons. · Japanese GAAP
FYE Mar 2019	299	−27.2%	Cons. · Japanese GAAP
FYE Mar 2020	308	moved to IFRS	Cons. · IFRS
FYE Mar 2021	280	−9.2%	Cons. · IFRS
FYE Mar 2022	303	+8.3%	Cons. · IFRS
FYE Mar 2023	342	+12.8%	Cons. · IFRS
FYE Mar 2024	397	+16.0%	Cons. · IFRS
FYE Mar 2025	421	+6.0%	Cons. · IFRS
FYE Mar 2026	374	−11.2%	Cons. · IFRS

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 ¥40bn

CAGR · 10 yrs −22.8%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	411	n/a	Cons. · Japanese GAAP
FYE Mar 2018	379	−7.6%	Cons. · Japanese GAAP
FYE Mar 2019	182	−52.1%	Cons. · Japanese GAAP
FYE Mar 2020	210	moved to IFRS	Cons. · IFRS
FYE Mar 2021	102	−51.3%	Cons. · IFRS
FYE Mar 2022	90.5	−11.7%	Cons. · IFRS
FYE Mar 2023	267	+195.7%	Cons. · IFRS
FYE Mar 2024	468	+75.0%	Cons. · IFRS
FYE Mar 2025	405	−13.4%	Cons. · IFRS
FYE Mar 2026	40.1	−90.1%	Cons. · IFRS

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

Non-operating income

FYE Mar 2026 ¥81bn

CAGR · 10 yrs +31.5%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	6.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.3	+107.3%	Cons. · Japanese GAAP
FYE Mar 2019	13.7	−4.2%	Cons. · Japanese GAAP
FYE Mar 2020	15.8	moved to IFRS	Cons. · IFRS
FYE Mar 2021	21.0	+32.6%	Cons. · IFRS
FYE Mar 2022	19.7	−6.1%	Cons. · IFRS
FYE Mar 2023	36.8	+86.6%	Cons. · IFRS
FYE Mar 2024	80.4	+118.5%	Cons. · IFRS
FYE Mar 2025	90.0	+11.9%	Cons. · IFRS
FYE Mar 2026	81.4	−9.6%	Cons. · IFRS

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 ¥14bn

CAGR · 10 yrs −5.5%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	23.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.8	−40.9%	Cons. · Japanese GAAP
FYE Mar 2019	9.4	−32.0%	Cons. · Japanese GAAP
FYE Mar 2020	18.5	moved to IFRS	Cons. · IFRS
FYE Mar 2021	9.5	−48.6%	Cons. · IFRS
FYE Mar 2022	3.2	−66.4%	Cons. · IFRS
FYE Mar 2023	25.9	+709.8%	Cons. · IFRS
FYE Mar 2024	16.0	−38.1%	Cons. · IFRS
FYE Mar 2025	46.8	+191.8%	Cons. · IFRS
FYE Mar 2026	14.0	−70.0%	Cons. · IFRS

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 n/a

CAGR · 3 yrs −29.5%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	394	n/a	Cons. · Japanese GAAP
FYE Mar 2018	380	−3.7%	Cons. · Japanese GAAP
FYE Mar 2019	196	−48.3%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

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 n/a

CAGR · 3 yrs −25.7%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	12.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.9	−52.9%	Cons. · Japanese GAAP
FYE Mar 2019	7.0	+17.1%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

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 ¥91bn

CAGR · 10 yrs −11.8%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	282	n/a	Cons. · Japanese GAAP
FYE Mar 2018	220	−22.0%	Cons. · Japanese GAAP
FYE Mar 2019	148	−32.9%	Cons. · Japanese GAAP
FYE Mar 2020	136	moved to IFRS	Cons. · IFRS
FYE Mar 2021	76.5	−43.9%	Cons. · IFRS
FYE Mar 2022	70.0	−8.5%	Cons. · IFRS
FYE Mar 2023	200	+186.3%	Cons. · IFRS
FYE Mar 2024	385	+92.1%	Cons. · IFRS
FYE Mar 2025	338	−12.2%	Cons. · IFRS
FYE Mar 2026	90.8	−73.1%	Cons. · IFRS

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

Gross margin

FYE Mar 2026 15.0%

Average · 10 yrs 20.2%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	28.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	24.4	−3.8pp	Cons. · Japanese GAAP
FYE Mar 2019	18.9	−5.5pp	Cons. · Japanese GAAP
FYE Mar 2020	18.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	17.4	−1.0pp	Cons. · IFRS
FYE Mar 2022	18.4	+1.0pp	Cons. · IFRS
FYE Mar 2023	19.5	+1.2pp	Cons. · IFRS
FYE Mar 2024	21.1	+1.6pp	Cons. · IFRS
FYE Mar 2025	20.9	−0.2pp	Cons. · IFRS
FYE Mar 2026	15.0	−5.9pp	Cons. · IFRS

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Mar 2026 0.8%

Average · 10 yrs 7.0%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	12.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.7	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	5.7	−6.0pp	Cons. · Japanese GAAP
FYE Mar 2020	6.3	moved to IFRS	Cons. · IFRS
FYE Mar 2021	3.6	−2.7pp	Cons. · IFRS
FYE Mar 2022	3.3	−0.3pp	Cons. · IFRS
FYE Mar 2023	7.1	+3.8pp	Cons. · IFRS
FYE Mar 2024	10.0	+2.9pp	Cons. · IFRS
FYE Mar 2025	8.6	−1.3pp	Cons. · IFRS
FYE Mar 2026	0.8	−7.8pp	Cons. · IFRS

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

Ordinary margin

FYE Mar 2026 n/a

Average · 3 yrs 9.9%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	11.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	6.2	−5.5pp	Cons. · Japanese GAAP
FYE Mar 2020	n/a	moved to IFRS	Cons. · IFRS
FYE Mar 2021	n/a	n/a	Cons. · IFRS
FYE Mar 2022	n/a	n/a	Cons. · IFRS
FYE Mar 2023	n/a	n/a	Cons. · IFRS
FYE Mar 2024	n/a	n/a	Cons. · IFRS
FYE Mar 2025	n/a	n/a	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

Definition: The share of revenue left at the ordinary-profit line
Formula: Ordinary profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Mar 2026 1.9%

Average · 10 yrs 5.2%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	8.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.8	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2019	4.7	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2020	4.1	moved to IFRS	Cons. · IFRS
FYE Mar 2021	2.7	−1.4pp	Cons. · IFRS
FYE Mar 2022	2.6	−0.2pp	Cons. · IFRS
FYE Mar 2023	5.3	+2.8pp	Cons. · IFRS
FYE Mar 2024	8.2	+2.9pp	Cons. · IFRS
FYE Mar 2025	7.2	−1.0pp	Cons. · IFRS
FYE Mar 2026	1.9	−5.3pp	Cons. · IFRS

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

Cost-of-sales ratio

FYE Mar 2026 85.0%

Average · 10 yrs 79.8%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	71.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	75.6	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2019	80.9	+5.4pp	Cons. · Japanese GAAP
FYE Mar 2020	81.7	moved to IFRS	Cons. · IFRS
FYE Mar 2021	82.6	+0.9pp	Cons. · IFRS
FYE Mar 2022	81.6	−1.0pp	Cons. · IFRS
FYE Mar 2023	80.5	−1.2pp	Cons. · IFRS
FYE Mar 2024	78.9	−1.6pp	Cons. · IFRS
FYE Mar 2025	79.1	+0.2pp	Cons. · IFRS
FYE Mar 2026	85.0	+5.9pp	Cons. · IFRS

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 7.8%

Average · 10 yrs 10.3%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	15.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.7	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2019	9.5	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2020	9.2	moved to IFRS	Cons. · IFRS
FYE Mar 2021	9.9	+0.7pp	Cons. · IFRS
FYE Mar 2022	11.0	+1.2pp	Cons. · IFRS
FYE Mar 2023	9.1	−2.0pp	Cons. · IFRS
FYE Mar 2024	8.4	−0.6pp	Cons. · IFRS
FYE Mar 2025	9.0	+0.5pp	Cons. · IFRS
FYE Mar 2026	7.8	−1.2pp	Cons. · IFRS

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 ¥5.49tn

CAGR · 10 yrs +7.9%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	2,762	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,866	+3.8%	Cons. · Japanese GAAP
FYE Mar 2019	2,983	+4.1%	Cons. · Japanese GAAP
FYE Mar 2020	3,097	moved to IFRS	Cons. · IFRS
FYE Mar 2021	3,412	+10.2%	Cons. · IFRS
FYE Mar 2022	3,544	+3.9%	Cons. · IFRS
FYE Mar 2023	3,944	+11.3%	Cons. · IFRS
FYE Mar 2024	4,814	+22.1%	Cons. · IFRS
FYE Mar 2025	5,088	+5.7%	Cons. · IFRS
FYE Mar 2026	5,492	+7.9%	Cons. · IFRS

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 ¥2.78tn

CAGR · 10 yrs +7.4%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	1,459	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,553	+6.5%	Cons. · Japanese GAAP
FYE Mar 2019	1,605	+3.4%	Cons. · Japanese GAAP
FYE Mar 2020	1,614	moved to IFRS	Cons. · IFRS
FYE Mar 2021	1,769	+9.6%	Cons. · IFRS
FYE Mar 2022	1,881	+6.3%	Cons. · IFRS
FYE Mar 2023	2,092	+11.2%	Cons. · IFRS
FYE Mar 2024	2,561	+22.4%	Cons. · IFRS
FYE Mar 2025	2,713	+5.9%	Cons. · IFRS
FYE Mar 2026	2,779	+2.4%	Cons. · IFRS

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 ¥385bn

CAGR · 10 yrs +15.7%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	104	n/a	Cons. · Japanese GAAP
FYE Mar 2018	43.2	−58.4%	Cons. · Japanese GAAP
FYE Mar 2019	104	+140.0%	Cons. · Japanese GAAP
FYE Mar 2020	239	moved to IFRS	Cons. · IFRS
FYE Mar 2021	334	+39.6%	Cons. · IFRS
FYE Mar 2022	334	−0.0%	Cons. · IFRS
FYE Mar 2023	313	−6.4%	Cons. · IFRS
FYE Mar 2024	400	+27.8%	Cons. · IFRS
FYE Mar 2025	400	−0.0%	Cons. · IFRS
FYE Mar 2026	385	−3.8%	Cons. · IFRS

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

Short-term borrowings

FYE Mar 2026 ¥47bn

CAGR · 10 yrs −6.6%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	87.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	65.1	−25.8%	Cons. · Japanese GAAP
FYE Mar 2019	15.3	−76.5%	Cons. · Japanese GAAP
FYE Mar 2020	12.2	moved to IFRS	Cons. · IFRS
FYE Mar 2021	26.3	+116.3%	Cons. · IFRS
FYE Mar 2022	51.6	+96.1%	Cons. · IFRS
FYE Mar 2023	55.6	+7.7%	Cons. · IFRS
FYE Mar 2024	69.0	+24.1%	Cons. · IFRS
FYE Mar 2025	47.0	−31.9%	Cons. · IFRS
FYE Mar 2026	47.2	+0.4%	Cons. · IFRS

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 ¥337bn

CAGR · 10 yrs +21.0%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	60.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.1	−65.1%	Cons. · Japanese GAAP
FYE Mar 2019	88.5	+318.5%	Cons. · Japanese GAAP
FYE Mar 2020	227	moved to IFRS	Cons. · IFRS
FYE Mar 2021	308	+35.5%	Cons. · IFRS
FYE Mar 2022	282	−8.2%	Cons. · IFRS
FYE Mar 2023	257	−9.0%	Cons. · IFRS
FYE Mar 2024	331	+28.6%	Cons. · IFRS
FYE Mar 2025	353	+6.7%	Cons. · IFRS
FYE Mar 2026	337	−4.3%	Cons. · IFRS

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

Intangible assets

FYE Mar 2026 n/a

CAGR · 9 yrs +37.4%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	24.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	28.3	+13.6%	Cons. · Japanese GAAP
FYE Mar 2019	33.8	+19.3%	Cons. · Japanese GAAP
FYE Mar 2020	210	moved to IFRS	Cons. · IFRS
FYE Mar 2021	217	+3.3%	Cons. · IFRS
FYE Mar 2022	251	+15.8%	Cons. · IFRS
FYE Mar 2023	244	−2.8%	Cons. · IFRS
FYE Mar 2024	291	+19.5%	Cons. · IFRS
FYE Mar 2025	317	+8.6%	Cons. · IFRS
FYE Mar 2026	n/a	n/a	Cons. · IFRS

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

Equity ratio

FYE Mar 2026 50.6%

Average · 10 yrs 52.8%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	52.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	54.2	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	53.8	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	52.1	moved to IFRS	Cons. · IFRS
FYE Mar 2021	51.9	−0.3pp	Cons. · IFRS
FYE Mar 2022	53.1	+1.2pp	Cons. · IFRS
FYE Mar 2023	53.0	−0.0pp	Cons. · IFRS
FYE Mar 2024	53.2	+0.2pp	Cons. · IFRS
FYE Mar 2025	53.3	+0.1pp	Cons. · IFRS
FYE Mar 2026	50.6	−2.7pp	Cons. · IFRS

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 13.8%

Average · 10 yrs 12.7%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	7.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.8	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2019	6.5	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2020	14.8	moved to IFRS	Cons. · IFRS
FYE Mar 2021	18.9	+4.1pp	Cons. · IFRS
FYE Mar 2022	17.8	−1.1pp	Cons. · IFRS
FYE Mar 2023	14.9	−2.8pp	Cons. · IFRS
FYE Mar 2024	15.6	+0.7pp	Cons. · IFRS
FYE Mar 2025	14.7	−0.9pp	Cons. · IFRS
FYE Mar 2026	13.8	−0.9pp	Cons. · IFRS

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 3.3%

Average · 10 yrs 10.0%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	19.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.2	−5.2pp	Cons. · Japanese GAAP
FYE Mar 2019	9.2	−5.0pp	Cons. · Japanese GAAP
FYE Mar 2020	8.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	4.3	−4.1pp	Cons. · IFRS
FYE Mar 2022	3.7	−0.6pp	Cons. · IFRS
FYE Mar 2023	9.6	+5.9pp	Cons. · IFRS
FYE Mar 2024	15.0	+5.5pp	Cons. · IFRS
FYE Mar 2025	12.5	−2.6pp	Cons. · IFRS
FYE Mar 2026	3.3	−9.2pp	Cons. · IFRS

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

ROA return on assets

FYE Mar 2026 1.7%

Average · 10 yrs 5.3%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	10.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.7	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2019	5.0	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2020	4.4	moved to IFRS	Cons. · IFRS
FYE Mar 2021	2.2	−2.2pp	Cons. · IFRS
FYE Mar 2022	2.0	−0.3pp	Cons. · IFRS
FYE Mar 2023	5.1	+3.1pp	Cons. · IFRS
FYE Mar 2024	8.0	+2.9pp	Cons. · IFRS
FYE Mar 2025	6.6	−1.4pp	Cons. · IFRS
FYE Mar 2026	1.7	−5.0pp	Cons. · IFRS

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

Asset turnover

FYE Mar 2026 0.87×

CAGR · 10 yrs −3.5%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.20	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.13	−6.3%	Cons. · Japanese GAAP
FYE Mar 2019	1.06	−6.0%	Cons. · Japanese GAAP
FYE Mar 2020	1.08	moved to IFRS	Cons. · IFRS
FYE Mar 2021	0.83	−23.1%	Cons. · IFRS
FYE Mar 2022	0.77	−6.6%	Cons. · IFRS
FYE Mar 2023	0.96	+23.6%	Cons. · IFRS
FYE Mar 2024	0.98	+2.1%	Cons. · IFRS
FYE Mar 2025	0.92	−5.7%	Cons. · IFRS
FYE Mar 2026	0.87	−5.4%	Cons. · IFRS

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 ¥358bn

CAGR · 10 yrs +0.4%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	345	n/a	Cons. · Japanese GAAP
FYE Mar 2018	366	+6.0%	Cons. · Japanese GAAP
FYE Mar 2019	174	−52.5%	Cons. · Japanese GAAP
FYE Mar 2020	98.0	moved to IFRS	Cons. · IFRS
FYE Mar 2021	289	+195.3%	Cons. · IFRS
FYE Mar 2022	196	−32.4%	Cons. · IFRS
FYE Mar 2023	504	+157.5%	Cons. · IFRS
FYE Mar 2024	768	+52.4%	Cons. · IFRS
FYE Mar 2025	492	−35.9%	Cons. · IFRS
FYE Mar 2026	358	−27.2%	Cons. · IFRS

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

Investing cash flow

FYE Mar 2026 -¥115bn

Average · 10 yrs -¥253bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-254	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-151	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-158	n/a	Cons. · Japanese GAAP
FYE Mar 2020	48.5	moved to IFRS	Cons. · IFRS
FYE Mar 2021	-272	−661.7%	Cons. · IFRS
FYE Mar 2022	-180	n/a	Cons. · IFRS
FYE Mar 2023	-337	n/a	Cons. · IFRS
FYE Mar 2024	-704	n/a	Cons. · IFRS
FYE Mar 2025	-404	n/a	Cons. · IFRS
FYE Mar 2026	-115	n/a	Cons. · IFRS

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Mar 2026 -¥218bn

Average · 10 yrs -¥111bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-189	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-171	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-96.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	22.0	moved to IFRS	Cons. · IFRS
FYE Mar 2021	14.0	−36.6%	Cons. · IFRS
FYE Mar 2022	-98.5	−805.3%	Cons. · IFRS
FYE Mar 2023	-122	n/a	Cons. · IFRS
FYE Mar 2024	-66.5	n/a	Cons. · IFRS
FYE Mar 2025	-187	n/a	Cons. · IFRS
FYE Mar 2026	-218	n/a	Cons. · IFRS

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 ¥1.01tn

CAGR · 10 yrs +3.6%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	729	n/a	Cons. · Japanese GAAP
FYE Mar 2018	766	+5.1%	Cons. · Japanese GAAP
FYE Mar 2019	702	−8.3%	Cons. · Japanese GAAP
FYE Mar 2020	859	moved to IFRS	Cons. · IFRS
FYE Mar 2021	907	+5.6%	Cons. · IFRS
FYE Mar 2022	883	−2.7%	Cons. · IFRS
FYE Mar 2023	980	+10.9%	Cons. · IFRS
FYE Mar 2024	1,048	+7.0%	Cons. · IFRS
FYE Mar 2025	941	−10.2%	Cons. · IFRS
FYE Mar 2026	1,005	+6.8%	Cons. · IFRS

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 ¥244bn

CAGR · 10 yrs +11.5%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	91.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	216	+136.4%	Cons. · Japanese GAAP
FYE Mar 2019	15.7	−92.7%	Cons. · Japanese GAAP
FYE Mar 2020	146	moved to IFRS	Cons. · IFRS
FYE Mar 2021	17.2	−88.3%	Cons. · IFRS
FYE Mar 2022	15.9	−7.4%	Cons. · IFRS
FYE Mar 2023	167	+948.1%	Cons. · IFRS
FYE Mar 2024	64.0	−61.7%	Cons. · IFRS
FYE Mar 2025	88.1	+37.7%	Cons. · IFRS
FYE Mar 2026	244	+176.6%	Cons. · IFRS

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 7.5%

Average · 10 yrs 9.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	10.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	5.5	−5.8pp	Cons. · Japanese GAAP
FYE Mar 2020	2.9	moved to IFRS	Cons. · IFRS
FYE Mar 2021	10.2	+7.3pp	Cons. · IFRS
FYE Mar 2022	7.1	−3.1pp	Cons. · IFRS
FYE Mar 2023	13.3	+6.2pp	Cons. · IFRS
FYE Mar 2024	16.3	+3.0pp	Cons. · IFRS
FYE Mar 2025	10.5	−5.8pp	Cons. · IFRS
FYE Mar 2026	7.5	−3.0pp	Cons. · IFRS

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

Net cash

FYE Mar 2026 ¥621bn

CAGR · 10 yrs −0.1%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	625	n/a	Cons. · Japanese GAAP
FYE Mar 2018	722	+15.6%	Cons. · Japanese GAAP
FYE Mar 2019	599	−17.1%	Cons. · Japanese GAAP
FYE Mar 2020	620	moved to IFRS	Cons. · IFRS
FYE Mar 2021	573	−7.5%	Cons. · IFRS
FYE Mar 2022	549	−4.3%	Cons. · IFRS
FYE Mar 2023	667	+21.5%	Cons. · IFRS
FYE Mar 2024	649	−2.8%	Cons. · IFRS
FYE Mar 2025	542	−16.4%	Cons. · IFRS
FYE Mar 2026	621	+14.6%	Cons. · IFRS

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 ¥1.78tn

Change · 10 yrs −¥1.36tn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	3,140	n/a
FYE Mar 2018	2,681	n/a
FYE Mar 2019	1,941	n/a
FYE Mar 2020	1,595	n/a
FYE Mar 2021	1,695	n/a
FYE Mar 2022	1,498	n/a
FYE Mar 2023	1,626	n/a
FYE Mar 2024	2,599	n/a
FYE Mar 2025	1,937	n/a
FYE Mar 2026	1,782	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 2,484¥

Change · 10 yrs −1,598¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	4,082	n/a
FYE Mar 2018	3,486	n/a
FYE Mar 2019	2,523	n/a
FYE Mar 2020	2,073	n/a
FYE Mar 2021	2,204	n/a
FYE Mar 2022	1,948	n/a
FYE Mar 2023	2,114	n/a
FYE Mar 2024	3,447	n/a
FYE Mar 2025	2,643	n/a
FYE Mar 2026	2,484	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 717,335,000shares

Change · 10 yrs −51,840,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	769,175,000	Parent
FYE Mar 2018	769,175,000	Parent
FYE Mar 2019	769,175,000	Parent
FYE Mar 2020	769,175,000	Parent
FYE Mar 2021	769,175,000	Parent
FYE Mar 2022	769,175,000	Parent
FYE Mar 2023	769,175,000	Parent
FYE Mar 2024	753,901,000	Parent
FYE Mar 2025	733,057,000	Parent
FYE Mar 2026	717,335,000	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 125.50¥

Change · 10 yrs −240.27¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	365.77	Cons.
FYE Mar 2018	287.40	Cons.
FYE Mar 2019	184.44	Cons.
FYE Mar 2020	198.99	Cons.
FYE Mar 2021	99.77	Cons.
FYE Mar 2022	91.28	Cons.
FYE Mar 2023	261.33	Cons.
FYE Mar 2024	509.20	Cons.
FYE Mar 2025	458.03	Cons.
FYE Mar 2026	125.50	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 3,874.27¥

Change · 10 yrs +1,977.87¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,896.40	Cons. · Japanese GAAP
FYE Mar 2018	2,018.84	Cons. · Japanese GAAP
FYE Mar 2019	2,086.88	Cons. · Japanese GAAP
FYE Mar 2020	2,098.81	Cons. · IFRS
FYE Mar 2021	2,299.98	Cons. · IFRS
FYE Mar 2022	2,444.90	Cons. · IFRS
FYE Mar 2023	2,719.80	Cons. · IFRS
FYE Mar 2024	3,397.02	Cons. · IFRS
FYE Mar 2025	3,701.38	Cons. · IFRS
FYE Mar 2026	3,874.27	Cons. · IFRS

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

PER price-to-earnings ratio

FYE Mar 2026 19.79×

Average · 10 yrs 13.12×

Fiscal year	PER ×	Basis
FYE Mar 2017	11.16	Cons.
FYE Mar 2018	12.13	Cons.
FYE Mar 2019	13.68	Cons.
FYE Mar 2020	10.42	Cons.
FYE Mar 2021	22.09	Cons.
FYE Mar 2022	21.34	Cons.
FYE Mar 2023	8.09	Cons.
FYE Mar 2024	6.77	Cons.
FYE Mar 2025	5.77	Cons.
FYE Mar 2026	19.79	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 0.64×

Average · 10 yrs 1.07×

Fiscal year	PBR ×	Basis
FYE Mar 2017	2.15	Cons.
FYE Mar 2018	1.64	Cons.
FYE Mar 2019	1.15	Cons.
FYE Mar 2020	0.93	Cons.
FYE Mar 2021	0.95	Cons.
FYE Mar 2022	0.79	Cons.
FYE Mar 2023	0.77	Cons.
FYE Mar 2024	1.01	Cons.
FYE Mar 2025	0.71	Cons.
FYE Mar 2026	0.64	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 37,542people

Change · 10 yrs +4,943 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	32,599	n/a	Cons.
FYE Mar 2018	33,544	+2.9%	Cons.
FYE Mar 2019	34,200	+2.0%	Cons.
FYE Mar 2020	35,034	+2.4%	Cons.
FYE Mar 2021	36,070	+3.0%	Cons.
FYE Mar 2022	36,910	+2.3%	Cons.
FYE Mar 2023	37,521	+1.7%	Cons.
FYE Mar 2024	37,693	+0.5%	Cons.
FYE Mar 2025	37,866	+0.5%	Cons.
FYE Mar 2026	37,542	−0.9%	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 Mar 2026 17,948people

Change · 10 yrs +3,240 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	14,708	n/a	Parent
FYE Mar 2018	14,879	+1.2%	Parent
FYE Mar 2019	15,274	+2.7%	Parent
FYE Mar 2020	15,806	+3.5%	Parent
FYE Mar 2021	16,478	+4.3%	Parent
FYE Mar 2022	16,961	+2.9%	Parent
FYE Mar 2023	17,228	+1.6%	Parent
FYE Mar 2024	17,347	+0.7%	Parent
FYE Mar 2025	17,885	+3.1%	Parent
FYE Mar 2026	17,948	+0.4%	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 ¥7.6m

Change · 10 yrs +¥0.9m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	6.7	n/a	Parent
FYE Mar 2018	6.7	−0.7%	Parent
FYE Mar 2019	6.5	−2.6%	Parent
FYE Mar 2020	6.4	−1.8%	Parent
FYE Mar 2021	6.5	+1.7%	Parent
FYE Mar 2022	6.5	−1.0%	Parent
FYE Mar 2023	6.6	+2.1%	Parent
FYE Mar 2024	6.9	+5.0%	Parent
FYE Mar 2025	7.3	+5.7%	Parent
FYE Mar 2026	7.6	+4.6%	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 Mar 2026 40.0years

Change · 8 yrs +1.6 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	38.4	n/a	Parent
FYE Mar 2020	38.4	−0.0%	Parent
FYE Mar 2021	38.9	+1.3%	Parent
FYE Mar 2022	39.1	+0.5%	Parent
FYE Mar 2023	39.3	+0.5%	Parent
FYE Mar 2024	39.6	+0.8%	Parent
FYE Mar 2025	39.8	+0.5%	Parent
FYE Mar 2026	40.0	+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 Mar 2026 15.7years

Change · 10 yrs −0.0 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	15.7	n/a	Parent
FYE Mar 2018	15.7	−0.0%	Parent
FYE Mar 2019	15.7	−0.0%	Parent
FYE Mar 2020	15.5	−1.3%	Parent
FYE Mar 2021	16.0	+3.2%	Parent
FYE Mar 2022	16.0	−0.0%	Parent
FYE Mar 2023	16.1	+0.6%	Parent
FYE Mar 2024	16.1	−0.0%	Parent
FYE Mar 2025	15.9	−1.2%	Parent
FYE Mar 2026	15.7	−1.3%	Parent

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

Temporary employees

FYE Mar 2026 8,953people

Change · 10 yrs +815 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	8,138	n/a	n/a
FYE Mar 2018	8,454	+3.9%	n/a
FYE Mar 2019	8,857	+4.8%	n/a
FYE Mar 2020	9,713	+9.7%	n/a
FYE Mar 2021	9,441	−2.8%	n/a
FYE Mar 2022	8,362	−11.4%	n/a
FYE Mar 2023	8,084	−3.3%	n/a
FYE Mar 2024	8,364	+3.5%	n/a
FYE Mar 2025	8,935	+6.8%	n/a
FYE Mar 2026	8,953	+0.2%	n/a

Definition: Average number of temporary and part-time staff over the year
Formula: Average temporary headcount, from the employee section of the filing
Source: Securities report (XBRL)

Revenue per employee

FYE Mar 2026 ¥127m

Change · 10 yrs +¥25.4m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	102	n/a	Cons.
FYE Mar 2018	96.4	−5.5%	Cons.
FYE Mar 2019	92.4	−4.1%	Cons.
FYE Mar 2020	95.4	n/a	Cons.
FYE Mar 2021	78.5	−17.7%	Cons.
FYE Mar 2022	74.4	−5.2%	Cons.
FYE Mar 2023	101	+35.3%	Cons.
FYE Mar 2024	125	+24.0%	Cons.
FYE Mar 2025	124	−0.8%	Cons.
FYE Mar 2026	127	+3.0%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥1.1m

Change · 10 yrs −¥11.5m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	12.6	n/a	Cons.
FYE Mar 2018	11.3	−10.2%	Cons.
FYE Mar 2019	5.3	−53.0%	Cons.
FYE Mar 2020	6.0	n/a	Cons.
FYE Mar 2021	2.8	−52.7%	Cons.
FYE Mar 2022	2.5	−13.7%	Cons.
FYE Mar 2023	7.1	+190.9%	Cons.
FYE Mar 2024	12.4	+74.2%	Cons.
FYE Mar 2025	10.7	−13.8%	Cons.
FYE Mar 2026	1.1	−90.0%	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.

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