Financials

Ryohin Keikaku (Muji): FYE Aug 2025 and ten years of results (50 metrics)

FYE Aug 2025 · Revenue¥785bnYoY +18.6%

FYE Aug 2025 · Operating profit¥74bnYoY +31.5%

FYE Aug 2025 · Net profit¥51bnYoY +22.3%

FYE Aug 2025 · Equity ratio59.0%YoY +1.5pp

FYE Aug 2025 · Group employees13,912YoY +1,841

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Feb 2017Consolidated	¥333bn	n/a	¥38bn	n/a	11.5%	¥26bn	Matsuzaki Satoru	Revenue <span class="en-history_money" data-yen="307200000000" data-year="2016">$2.8B (¥307bn)</span>, operating profit <span class="en-history_money" data-yen="34400000000" data-year="2016">$316.1M (¥34bn)</span>
FYE Feb 2018Consolidated	¥379bn	+13.9%	¥45bn	+18.3%	12.0%	¥30bn	Matsuzaki Satoru	—
FYE Feb 2019Consolidated	¥409bn	+7.9%	¥45bn	−1.2%	10.9%	¥34bn	Matsuzaki Satoru	Record year: revenue <span class="en-history_money" data-yen="378800000000" data-year="2018">$3.4B (¥379bn)</span>, operating profit <span class="en-history_money" data-yen="45200000000" data-year="2018">$409.4M (¥45bn)</span>
FYE Feb 2020Consolidated	¥438bn	+7.1%	¥36bn	−18.7%	8.3%	¥23bn	Matsuzaki Satoru	Revenue <span class="en-history_money" data-yen="408800000000" data-year="2019">$3.8B (¥409bn)</span>, but growth at home and abroad shows signs of slowing
FYE Aug 2020Consolidated	¥179bn	−59.1%	¥0.9bn	−97.6%	0.5%	-¥17bn	Matsuzaki Satoru	Irregular six-month period after the year-end change: net loss of <span class="en-history_money" data-yen="16900000000" data-year="2020">$158.3M (¥17bn)</span>
FYE Aug 2021Consolidated	¥452bn	+152.8%	¥42bn	+4767.8%	9.4%	¥34bn	Matsuzaki Satoru	<a class="en-history_person" href="/tse/7453/executives/ceo/domae-nobuo/" hreflang="ja">Domae Nobuo</a> becomes president and representative director
FYE Aug 2022Consolidated	¥496bn	+9.7%	¥33bn	−22.8%	6.6%	¥25bn	Domae Nobuo	MUJI goods rolled out to Lawson shops nationwide
FYE Aug 2023Consolidated	¥581bn	+17.2%	¥33bn	+1.1%	5.7%	¥22bn	Domae Nobuo	—
FYE Aug 2024Consolidated	¥662bn	+13.8%	¥56bn	+69.4%	8.5%	¥42bn	Domae Nobuo	Record year: revenue <span class="en-history_money" data-yen="661600000000" data-year="2024">$4.4B (¥662bn)</span>, operating profit <span class="en-history_money" data-yen="56100000000" data-year="2024">$370.3M (¥56bn)</span>
FYE Aug 2025Consolidated	¥785bn	+18.6%	¥74bn	+31.5%	9.4%	¥51bn	Shimizu Satoshi	—

How it compares

Nitori Holdings¥912bnFY2025Operating margin 13.8%

Ryohin Keikaku (Muji)¥785bnFY2025Operating margin 9.4%

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 Aug 2025 ¥785bn

CAGR · 10 yrs +10.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Feb 2017	333	n/a	Cons. · Japanese GAAP
FYE Feb 2018	379	+13.9%	Cons. · Japanese GAAP
FYE Feb 2019	409	+7.9%	Cons. · Japanese GAAP
FYE Feb 2020	438	+7.1%	Cons. · Japanese GAAP
FYE Aug 2020	179	−59.1%	Cons. · Japanese GAAP
FYE Aug 2021	452	+152.8%	Cons. · Japanese GAAP
FYE Aug 2022	496	+9.7%	Cons. · Japanese GAAP
FYE Aug 2023	581	+17.2%	Cons. · Japanese GAAP
FYE Aug 2024	662	+13.8%	Cons. · Japanese GAAP
FYE Aug 2025	785	+18.6%	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 Aug 2025 ¥382bn

CAGR · 10 yrs +9.6%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Feb 2017	167	n/a	Cons. · Japanese GAAP
FYE Feb 2018	188	+12.1%	Cons. · Japanese GAAP
FYE Feb 2019	198	+5.6%	Cons. · Japanese GAAP
FYE Feb 2020	221	+11.5%	Cons. · Japanese GAAP
FYE Aug 2020	95.7	−56.7%	Cons. · Japanese GAAP
FYE Aug 2021	231	+141.8%	Cons. · Japanese GAAP
FYE Aug 2022	262	+13.2%	Cons. · Japanese GAAP
FYE Aug 2023	310	+18.4%	Cons. · Japanese GAAP
FYE Aug 2024	325	+5.0%	Cons. · Japanese GAAP
FYE Aug 2025	382	+17.3%	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 Aug 2025 ¥403bn

CAGR · 10 yrs +10.4%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Feb 2017	165	n/a	Cons. · Japanese GAAP
FYE Feb 2018	191	+15.7%	Cons. · Japanese GAAP
FYE Feb 2019	211	+10.2%	Cons. · Japanese GAAP
FYE Feb 2020	217	+2.9%	Cons. · Japanese GAAP
FYE Aug 2020	83.2	−61.6%	Cons. · Japanese GAAP
FYE Aug 2021	221	+165.5%	Cons. · Japanese GAAP
FYE Aug 2022	234	+6.1%	Cons. · Japanese GAAP
FYE Aug 2023	272	+15.9%	Cons. · Japanese GAAP
FYE Aug 2024	336	+23.9%	Cons. · Japanese GAAP
FYE Aug 2025	403	+19.8%	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 Aug 2025 ¥329bn

CAGR · 10 yrs +11.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Feb 2017	128	n/a	Cons. · Japanese GAAP
FYE Feb 2018	147	+14.9%	Cons. · Japanese GAAP
FYE Feb 2019	167	+13.7%	Cons. · Japanese GAAP
FYE Feb 2020	181	+8.8%	Cons. · Japanese GAAP
FYE Aug 2020	82.8	−54.3%	Cons. · Japanese GAAP
FYE Aug 2021	180	+117.2%	Cons. · Japanese GAAP
FYE Aug 2022	202	+12.1%	Cons. · Japanese GAAP
FYE Aug 2023	238	+18.3%	Cons. · Japanese GAAP
FYE Aug 2024	280	+17.6%	Cons. · Japanese GAAP
FYE Aug 2025	329	+17.4%	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 Aug 2025 ¥74bn

CAGR · 10 yrs +7.6%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Feb 2017	38.3	n/a	Cons. · Japanese GAAP
FYE Feb 2018	45.3	+18.3%	Cons. · Japanese GAAP
FYE Feb 2019	44.7	−1.2%	Cons. · Japanese GAAP
FYE Feb 2020	36.4	−18.7%	Cons. · Japanese GAAP
FYE Aug 2020	0.9	−97.6%	Cons. · Japanese GAAP
FYE Aug 2021	42.4	+4767.8%	Cons. · Japanese GAAP
FYE Aug 2022	32.8	−22.8%	Cons. · Japanese GAAP
FYE Aug 2023	33.1	+1.1%	Cons. · Japanese GAAP
FYE Aug 2024	56.1	+69.4%	Cons. · Japanese GAAP
FYE Aug 2025	73.8	+31.5%	Cons. · Japanese GAAP

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

Non-operating income

FYE Aug 2025 ¥2.3bn

CAGR · 10 yrs +7.7%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Feb 2017	1.2	n/a	Cons. · Japanese GAAP
FYE Feb 2018	1.5	+24.7%	Cons. · Japanese GAAP
FYE Feb 2019	2.0	+33.9%	Cons. · Japanese GAAP
FYE Feb 2020	1.2	−38.0%	Cons. · Japanese GAAP
FYE Aug 2020	0.6	−47.5%	Cons. · Japanese GAAP
FYE Aug 2021	4.4	+593.9%	Cons. · Japanese GAAP
FYE Aug 2022	6.1	+37.3%	Cons. · Japanese GAAP
FYE Aug 2023	5.2	−14.8%	Cons. · Japanese GAAP
FYE Aug 2024	2.6	−50.2%	Cons. · Japanese GAAP
FYE Aug 2025	2.3	−11.3%	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 Aug 2025 ¥3.8bn

CAGR · 10 yrs +17.9%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Feb 2017	0.9	n/a	Cons. · Japanese GAAP
FYE Feb 2018	0.8	−12.0%	Cons. · Japanese GAAP
FYE Feb 2019	0.8	+10.1%	Cons. · Japanese GAAP
FYE Feb 2020	1.2	+45.0%	Cons. · Japanese GAAP
FYE Aug 2020	0.9	−22.3%	Cons. · Japanese GAAP
FYE Aug 2021	1.5	+58.4%	Cons. · Japanese GAAP
FYE Aug 2022	1.6	+8.5%	Cons. · Japanese GAAP
FYE Aug 2023	2.2	+32.2%	Cons. · Japanese GAAP
FYE Aug 2024	2.9	+36.4%	Cons. · Japanese GAAP
FYE Aug 2025	3.8	+30.3%	Cons. · Japanese GAAP

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

Ordinary profit keijo rieki

FYE Aug 2025 ¥72bn

CAGR · 10 yrs +7.2%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Feb 2017	38.6	n/a	Cons. · Japanese GAAP
FYE Feb 2018	46.0	+19.2%	Cons. · Japanese GAAP
FYE Feb 2019	45.9	−0.3%	Cons. · Japanese GAAP
FYE Feb 2020	36.4	−20.7%	Cons. · Japanese GAAP
FYE Aug 2020	0.6	−98.5%	Cons. · Japanese GAAP
FYE Aug 2021	45.4	+7958.4%	Cons. · Japanese GAAP
FYE Aug 2022	37.2	−18.0%	Cons. · Japanese GAAP
FYE Aug 2023	36.2	−2.8%	Cons. · Japanese GAAP
FYE Aug 2024	55.8	+54.3%	Cons. · Japanese GAAP
FYE Aug 2025	72.3	+29.6%	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 Aug 2025 ¥0.4bn

CAGR · 10 yrs −6.6%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Feb 2017	0.7	n/a	Cons. · Japanese GAAP
FYE Feb 2018	0.0	−97.7%	Cons. · Japanese GAAP
FYE Feb 2019	8.6	+53868.8%	Cons. · Japanese GAAP
FYE Feb 2020	0.0	−99.8%	Cons. · Japanese GAAP
FYE Aug 2020	0.0	−100.0%	Cons. · Japanese GAAP
FYE Aug 2021	4.9	n/a	Cons. · Japanese GAAP
FYE Aug 2022	0.2	−95.4%	Cons. · Japanese GAAP
FYE Aug 2023	3.0	+1260.3%	Cons. · Japanese GAAP
FYE Aug 2024	10.0	+228.7%	Cons. · Japanese GAAP
FYE Aug 2025	0.4	−96.2%	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 Aug 2025 ¥51bn

CAGR · 10 yrs +7.8%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Feb 2017	25.8	n/a	Cons. · Japanese GAAP
FYE Feb 2018	30.1	+16.6%	Cons. · Japanese GAAP
FYE Feb 2019	33.8	+12.4%	Cons. · Japanese GAAP
FYE Feb 2020	23.3	−31.3%	Cons. · Japanese GAAP
FYE Aug 2020	-16.9	−172.8%	Cons. · Japanese GAAP
FYE Aug 2021	33.9	n/a	Cons. · Japanese GAAP
FYE Aug 2022	24.6	−27.6%	Cons. · Japanese GAAP
FYE Aug 2023	22.1	−10.2%	Cons. · Japanese GAAP
FYE Aug 2024	41.6	+88.5%	Cons. · Japanese GAAP
FYE Aug 2025	50.8	+22.3%	Cons. · Japanese GAAP

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

Gross margin

FYE Aug 2025 51.4%

Average · 10 yrs 49.3%

Fiscal year	Gross margin %	YoY	Basis
FYE Feb 2017	49.7	n/a	Cons. · Japanese GAAP
FYE Feb 2018	50.4	+0.8pp	Cons. · Japanese GAAP
FYE Feb 2019	51.5	+1.1pp	Cons. · Japanese GAAP
FYE Feb 2020	49.5	−2.0pp	Cons. · Japanese GAAP
FYE Aug 2020	46.5	−3.0pp	Cons. · Japanese GAAP
FYE Aug 2021	48.9	+2.3pp	Cons. · Japanese GAAP
FYE Aug 2022	47.2	−1.6pp	Cons. · Japanese GAAP
FYE Aug 2023	46.7	−0.5pp	Cons. · Japanese GAAP
FYE Aug 2024	50.8	+4.1pp	Cons. · Japanese GAAP
FYE Aug 2025	51.4	+0.5pp	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 Aug 2025 9.4%

Average · 10 yrs 8.3%

Fiscal year	Operating margin %	YoY	Basis
FYE Feb 2017	11.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	12.0	+0.4pp	Cons. · Japanese GAAP
FYE Feb 2019	10.9	−1.0pp	Cons. · Japanese GAAP
FYE Feb 2020	8.3	−2.6pp	Cons. · Japanese GAAP
FYE Aug 2020	0.5	−7.8pp	Cons. · Japanese GAAP
FYE Aug 2021	9.4	+8.9pp	Cons. · Japanese GAAP
FYE Aug 2022	6.6	−2.8pp	Cons. · Japanese GAAP
FYE Aug 2023	5.7	−0.9pp	Cons. · Japanese GAAP
FYE Aug 2024	8.5	+2.8pp	Cons. · Japanese GAAP
FYE Aug 2025	9.4	+0.9pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Aug 2025 9.2%

Average · 10 yrs 8.5%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Feb 2017	11.6	n/a	Cons. · Japanese GAAP
FYE Feb 2018	12.1	+0.5pp	Cons. · Japanese GAAP
FYE Feb 2019	11.2	−0.9pp	Cons. · Japanese GAAP
FYE Feb 2020	8.3	−2.9pp	Cons. · Japanese GAAP
FYE Aug 2020	0.3	−8.0pp	Cons. · Japanese GAAP
FYE Aug 2021	10.0	+9.7pp	Cons. · Japanese GAAP
FYE Aug 2022	7.5	−2.5pp	Cons. · Japanese GAAP
FYE Aug 2023	6.2	−1.3pp	Cons. · Japanese GAAP
FYE Aug 2024	8.4	+2.2pp	Cons. · Japanese GAAP
FYE Aug 2025	9.2	+0.8pp	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 Aug 2025 6.5%

Average · 10 yrs 4.9%

Fiscal year	Net margin %	YoY	Basis
FYE Feb 2017	7.8	n/a	Cons. · Japanese GAAP
FYE Feb 2018	7.9	+0.2pp	Cons. · Japanese GAAP
FYE Feb 2019	8.3	+0.3pp	Cons. · Japanese GAAP
FYE Feb 2020	5.3	−3.0pp	Cons. · Japanese GAAP
FYE Aug 2020	-9.5	−14.8pp	Cons. · Japanese GAAP
FYE Aug 2021	7.5	+16.9pp	Cons. · Japanese GAAP
FYE Aug 2022	4.9	−2.5pp	Cons. · Japanese GAAP
FYE Aug 2023	3.8	−1.2pp	Cons. · Japanese GAAP
FYE Aug 2024	6.3	+2.5pp	Cons. · Japanese GAAP
FYE Aug 2025	6.5	+0.2pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Aug 2025 48.6%

Average · 10 yrs 50.7%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Feb 2017	50.3	n/a	Cons. · Japanese GAAP
FYE Feb 2018	49.6	−0.8pp	Cons. · Japanese GAAP
FYE Feb 2019	48.5	−1.1pp	Cons. · Japanese GAAP
FYE Feb 2020	50.5	+2.0pp	Cons. · Japanese GAAP
FYE Aug 2020	53.5	+3.0pp	Cons. · Japanese GAAP
FYE Aug 2021	51.1	−2.3pp	Cons. · Japanese GAAP
FYE Aug 2022	52.8	+1.6pp	Cons. · Japanese GAAP
FYE Aug 2023	53.3	+0.5pp	Cons. · Japanese GAAP
FYE Aug 2024	49.2	−4.1pp	Cons. · Japanese GAAP
FYE Aug 2025	48.6	−0.5pp	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 Aug 2025 41.9%

Average · 10 yrs 41.1%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Feb 2017	38.4	n/a	Cons. · Japanese GAAP
FYE Feb 2018	38.7	+0.3pp	Cons. · Japanese GAAP
FYE Feb 2019	40.8	+2.1pp	Cons. · Japanese GAAP
FYE Feb 2020	41.4	+0.6pp	Cons. · Japanese GAAP
FYE Aug 2020	46.3	+4.9pp	Cons. · Japanese GAAP
FYE Aug 2021	39.8	−6.5pp	Cons. · Japanese GAAP
FYE Aug 2022	40.6	+0.9pp	Cons. · Japanese GAAP
FYE Aug 2023	41.0	+0.4pp	Cons. · Japanese GAAP
FYE Aug 2024	42.4	+1.4pp	Cons. · Japanese GAAP
FYE Aug 2025	41.9	−0.4pp	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 Aug 2025 ¥563bn

CAGR · 10 yrs +11.3%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Feb 2017	215	n/a	Cons. · Japanese GAAP
FYE Feb 2018	238	+11.0%	Cons. · Japanese GAAP
FYE Feb 2019	258	+8.4%	Cons. · Japanese GAAP
FYE Feb 2020	307	+18.7%	Cons. · Japanese GAAP
FYE Aug 2020	344	+12.2%	Cons. · Japanese GAAP
FYE Aug 2021	393	+14.4%	Cons. · Japanese GAAP
FYE Aug 2022	399	+1.5%	Cons. · Japanese GAAP
FYE Aug 2023	454	+13.6%	Cons. · Japanese GAAP
FYE Aug 2024	510	+12.3%	Cons. · Japanese GAAP
FYE Aug 2025	563	+10.4%	Cons. · Japanese GAAP

Definition: Everything the company holds
Formula: Total assets line of the balance sheet
Source: Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Aug 2025 ¥332bn

CAGR · 10 yrs +9.0%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Feb 2017	153	n/a	Cons. · Japanese GAAP
FYE Feb 2018	170	+11.1%	Cons. · Japanese GAAP
FYE Feb 2019	191	+12.2%	Cons. · Japanese GAAP
FYE Feb 2020	205	+7.2%	Cons. · Japanese GAAP
FYE Aug 2020	181	−11.6%	Cons. · Japanese GAAP
FYE Aug 2021	213	+17.5%	Cons. · Japanese GAAP
FYE Aug 2022	242	+13.8%	Cons. · Japanese GAAP
FYE Aug 2023	264	+9.1%	Cons. · Japanese GAAP
FYE Aug 2024	293	+11.0%	Cons. · Japanese GAAP
FYE Aug 2025	332	+13.2%	Cons. · Japanese GAAP

Definition: The part of the funding that never has to be repaid
Formula: Net assets line of the balance sheet
Source: Securities report (XBRL)

Interest-bearing debt

FYE Aug 2025 ¥6.7bn

CAGR · 10 yrs +9.4%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Feb 2017	3.0	n/a	Cons. · Japanese GAAP
FYE Feb 2018	2.1	−30.3%	Cons. · Japanese GAAP
FYE Feb 2019	1.4	−33.9%	Cons. · Japanese GAAP
FYE Feb 2020	5.1	+267.1%	Cons. · Japanese GAAP
FYE Aug 2020	76.4	+1406.9%	Cons. · Japanese GAAP
FYE Aug 2021	9.6	−87.4%	Cons. · Japanese GAAP
FYE Aug 2022	35.8	+271.8%	Cons. · Japanese GAAP
FYE Aug 2023	25.9	−27.5%	Cons. · Japanese GAAP
FYE Aug 2024	15.4	−40.5%	Cons. · Japanese GAAP
FYE Aug 2025	6.7	−56.4%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Aug 2025 ¥4.9bn

CAGR · 10 yrs +5.6%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Feb 2017	3.0	n/a	Cons. · Japanese GAAP
FYE Feb 2018	0.5	−84.1%	Cons. · Japanese GAAP
FYE Feb 2019	0.8	+73.0%	Cons. · Japanese GAAP
FYE Feb 2020	4.2	+409.1%	Cons. · Japanese GAAP
FYE Aug 2020	4.5	+6.7%	Cons. · Japanese GAAP
FYE Aug 2021	4.6	+3.3%	Cons. · Japanese GAAP
FYE Aug 2022	3.9	−15.7%	Cons. · Japanese GAAP
FYE Aug 2023	14.8	+278.7%	Cons. · Japanese GAAP
FYE Aug 2024	5.4	−63.1%	Cons. · Japanese GAAP
FYE Aug 2025	4.9	−9.8%	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 Aug 2025 ¥12bn

CAGR · 10 yrs +4.6%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Feb 2017	7.9	n/a	Cons. · Japanese GAAP
FYE Feb 2018	1.6	−79.5%	Cons. · Japanese GAAP
FYE Feb 2019	1.0	−40.9%	Cons. · Japanese GAAP
FYE Feb 2020	0.9	−8.5%	Cons. · Japanese GAAP
FYE Aug 2020	72.3	+8184.4%	Cons. · Japanese GAAP
FYE Aug 2021	72.1	−0.3%	Cons. · Japanese GAAP
FYE Aug 2022	34.1	−52.6%	Cons. · Japanese GAAP
FYE Aug 2023	33.7	−1.2%	Cons. · Japanese GAAP
FYE Aug 2024	10.0	−70.3%	Cons. · Japanese GAAP
FYE Aug 2025	11.8	+18.2%	Cons. · Japanese GAAP

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

Intangible assets

FYE Aug 2025 ¥42bn

CAGR · 10 yrs +13.5%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Feb 2017	13.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	14.2	+5.0%	Cons. · Japanese GAAP
FYE Feb 2019	16.5	+16.0%	Cons. · Japanese GAAP
FYE Feb 2020	24.3	+47.6%	Cons. · Japanese GAAP
FYE Aug 2020	24.2	−0.6%	Cons. · Japanese GAAP
FYE Aug 2021	29.5	+21.9%	Cons. · Japanese GAAP
FYE Aug 2022	29.6	+0.5%	Cons. · Japanese GAAP
FYE Aug 2023	29.6	−0.2%	Cons. · Japanese GAAP
FYE Aug 2024	34.8	+17.9%	Cons. · Japanese GAAP
FYE Aug 2025	42.2	+21.1%	Cons. · Japanese GAAP

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

Goodwill

FYE Aug 2025 ¥0.2bn

CAGR · 10 yrs −32.4%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Feb 2017	5.9	n/a	Cons. · Japanese GAAP
FYE Feb 2018	5.3	−9.5%	Cons. · Japanese GAAP
FYE Feb 2019	4.2	−20.8%	Cons. · Japanese GAAP
FYE Feb 2020	3.4	−19.0%	Cons. · Japanese GAAP
FYE Aug 2020	2.8	−17.9%	Cons. · Japanese GAAP
FYE Aug 2021	2.4	−13.5%	Cons. · Japanese GAAP
FYE Aug 2022	1.8	−27.6%	Cons. · Japanese GAAP
FYE Aug 2023	0.8	−57.0%	Cons. · Japanese GAAP
FYE Aug 2024	0.2	−70.6%	Cons. · Japanese GAAP
FYE Aug 2025	0.2	−22.4%	Cons. · Japanese GAAP

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

Equity ratio

FYE Aug 2025 59.0%

Average · 10 yrs 62.6%

Fiscal year	Equity ratio %	YoY	Basis
FYE Feb 2017	71.4	n/a	Cons. · Japanese GAAP
FYE Feb 2018	71.5	−0.0pp	Cons. · Japanese GAAP
FYE Feb 2019	74.0	+2.5pp	Cons. · Japanese GAAP
FYE Feb 2020	66.8	−7.2pp	Cons. · Japanese GAAP
FYE Aug 2020	52.7	−14.2pp	Cons. · Japanese GAAP
FYE Aug 2021	54.1	+1.4pp	Cons. · Japanese GAAP
FYE Aug 2022	60.7	+6.6pp	Cons. · Japanese GAAP
FYE Aug 2023	58.2	−2.4pp	Cons. · Japanese GAAP
FYE Aug 2024	57.6	−0.7pp	Cons. · Japanese GAAP
FYE Aug 2025	59.0	+1.5pp	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 Aug 2025 2.0%

Average · 10 yrs 8.5%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Feb 2017	2.0	n/a	Cons. · Japanese GAAP
FYE Feb 2018	1.2	−0.7pp	Cons. · Japanese GAAP
FYE Feb 2019	0.7	−0.5pp	Cons. · Japanese GAAP
FYE Feb 2020	2.5	+1.8pp	Cons. · Japanese GAAP
FYE Aug 2020	42.2	+39.7pp	Cons. · Japanese GAAP
FYE Aug 2021	4.5	−37.7pp	Cons. · Japanese GAAP
FYE Aug 2022	14.8	+10.3pp	Cons. · Japanese GAAP
FYE Aug 2023	9.8	−5.0pp	Cons. · Japanese GAAP
FYE Aug 2024	5.3	−4.6pp	Cons. · Japanese GAAP
FYE Aug 2025	2.0	−3.2pp	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 Aug 2025 15.3%

Average · 10 yrs 11.8%

Fiscal year	ROE %	YoY	Basis
FYE Feb 2017	16.8	n/a	Cons. · Japanese GAAP
FYE Feb 2018	17.7	+0.8pp	Cons. · Japanese GAAP
FYE Feb 2019	17.7	−0.0pp	Cons. · Japanese GAAP
FYE Feb 2020	11.4	−6.4pp	Cons. · Japanese GAAP
FYE Aug 2020	-9.3	−20.7pp	Cons. · Japanese GAAP
FYE Aug 2021	15.9	+25.3pp	Cons. · Japanese GAAP
FYE Aug 2022	10.1	−5.8pp	Cons. · Japanese GAAP
FYE Aug 2023	8.3	−1.8pp	Cons. · Japanese GAAP
FYE Aug 2024	14.2	+5.8pp	Cons. · Japanese GAAP
FYE Aug 2025	15.3	+1.1pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Aug 2025 9.0%

Average · 10 yrs 7.7%

Fiscal year	ROA %	YoY	Basis
FYE Feb 2017	12.0	n/a	Cons. · Japanese GAAP
FYE Feb 2018	12.6	+0.6pp	Cons. · Japanese GAAP
FYE Feb 2019	13.1	+0.5pp	Cons. · Japanese GAAP
FYE Feb 2020	7.6	−5.5pp	Cons. · Japanese GAAP
FYE Aug 2020	-4.9	−12.5pp	Cons. · Japanese GAAP
FYE Aug 2021	8.6	+13.5pp	Cons. · Japanese GAAP
FYE Aug 2022	6.1	−2.5pp	Cons. · Japanese GAAP
FYE Aug 2023	4.9	−1.3pp	Cons. · Japanese GAAP
FYE Aug 2024	8.2	+3.3pp	Cons. · Japanese GAAP
FYE Aug 2025	9.0	+0.9pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Aug 2025 1.39×

CAGR · 10 yrs −1.2%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Feb 2017	1.55	n/a	Cons. · Japanese GAAP
FYE Feb 2018	1.59	+2.6%	Cons. · Japanese GAAP
FYE Feb 2019	1.58	−0.4%	Cons. · Japanese GAAP
FYE Feb 2020	1.43	−9.8%	Cons. · Japanese GAAP
FYE Aug 2020	0.52	−63.6%	Cons. · Japanese GAAP
FYE Aug 2021	1.15	+121.0%	Cons. · Japanese GAAP
FYE Aug 2022	1.24	+8.1%	Cons. · Japanese GAAP
FYE Aug 2023	1.28	+3.1%	Cons. · Japanese GAAP
FYE Aug 2024	1.30	+1.3%	Cons. · Japanese GAAP
FYE Aug 2025	1.39	+7.4%	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 Aug 2025 ¥73bn

CAGR · 10 yrs +15.7%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Feb 2017	19.7	n/a	Cons. · Japanese GAAP
FYE Feb 2018	47.0	+138.0%	Cons. · Japanese GAAP
FYE Feb 2019	23.7	−49.6%	Cons. · Japanese GAAP
FYE Feb 2020	24.5	+3.3%	Cons. · Japanese GAAP
FYE Aug 2020	-1.8	−107.2%	Cons. · Japanese GAAP
FYE Aug 2021	61.4	n/a	Cons. · Japanese GAAP
FYE Aug 2022	23.4	−62.0%	Cons. · Japanese GAAP
FYE Aug 2023	56.5	+142.1%	Cons. · Japanese GAAP
FYE Aug 2024	58.5	+3.5%	Cons. · Japanese GAAP
FYE Aug 2025	73.4	+25.4%	Cons. · Japanese GAAP

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

Investing cash flow

FYE Aug 2025 -¥41bn

Average · 10 yrs -¥19bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Feb 2017	-9.9	n/a	Cons. · Japanese GAAP
FYE Feb 2018	-14.3	n/a	Cons. · Japanese GAAP
FYE Feb 2019	-5.5	n/a	Cons. · Japanese GAAP
FYE Feb 2020	-31.4	n/a	Cons. · Japanese GAAP
FYE Aug 2020	-4.2	n/a	Cons. · Japanese GAAP
FYE Aug 2021	-13.5	n/a	Cons. · Japanese GAAP
FYE Aug 2022	-16.7	n/a	Cons. · Japanese GAAP
FYE Aug 2023	-22.1	n/a	Cons. · Japanese GAAP
FYE Aug 2024	-27.7	n/a	Cons. · Japanese GAAP
FYE Aug 2025	-40.9	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 Aug 2025 -¥22bn

Average · 10 yrs -¥12bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Feb 2017	-14.4	n/a	Cons. · Japanese GAAP
FYE Feb 2018	-21.8	n/a	Cons. · Japanese GAAP
FYE Feb 2019	-9.5	n/a	Cons. · Japanese GAAP
FYE Feb 2020	-11.5	n/a	Cons. · Japanese GAAP
FYE Aug 2020	63.7	n/a	Cons. · Japanese GAAP
FYE Aug 2021	-15.2	−123.8%	Cons. · Japanese GAAP
FYE Aug 2022	-58.6	n/a	Cons. · Japanese GAAP
FYE Aug 2023	-11.2	n/a	Cons. · Japanese GAAP
FYE Aug 2024	-23.4	n/a	Cons. · Japanese GAAP
FYE Aug 2025	-22.1	n/a	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 Aug 2025 ¥135bn

CAGR · 10 yrs +16.1%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Feb 2017	35.4	n/a	Cons. · Japanese GAAP
FYE Feb 2018	47.3	+33.7%	Cons. · Japanese GAAP
FYE Feb 2019	53.8	+13.6%	Cons. · Japanese GAAP
FYE Feb 2020	34.0	−36.7%	Cons. · Japanese GAAP
FYE Aug 2020	91.6	+169.2%	Cons. · Japanese GAAP
FYE Aug 2021	135	+47.4%	Cons. · Japanese GAAP
FYE Aug 2022	90.2	−33.2%	Cons. · Japanese GAAP
FYE Aug 2023	115	+27.7%	Cons. · Japanese GAAP
FYE Aug 2024	126	+9.0%	Cons. · Japanese GAAP
FYE Aug 2025	135	+7.8%	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 Aug 2025 ¥32bn

CAGR · 10 yrs +14.1%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Feb 2017	9.9	n/a	Cons. · Japanese GAAP
FYE Feb 2018	32.7	+230.7%	Cons. · Japanese GAAP
FYE Feb 2019	18.2	−44.4%	Cons. · Japanese GAAP
FYE Feb 2020	-7.0	−138.4%	Cons. · Japanese GAAP
FYE Aug 2020	-6.0	n/a	Cons. · Japanese GAAP
FYE Aug 2021	47.9	n/a	Cons. · Japanese GAAP
FYE Aug 2022	6.7	−86.1%	Cons. · Japanese GAAP
FYE Aug 2023	34.4	+416.3%	Cons. · Japanese GAAP
FYE Aug 2024	30.9	−10.4%	Cons. · Japanese GAAP
FYE Aug 2025	32.4	+5.1%	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 Aug 2025 9.3%

Average · 10 yrs 7.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Feb 2017	5.9	n/a	Cons. · Japanese GAAP
FYE Feb 2018	12.4	+6.5pp	Cons. · Japanese GAAP
FYE Feb 2019	5.8	−6.6pp	Cons. · Japanese GAAP
FYE Feb 2020	5.6	−0.2pp	Cons. · Japanese GAAP
FYE Aug 2020	-1.0	−6.6pp	Cons. · Japanese GAAP
FYE Aug 2021	13.6	+14.6pp	Cons. · Japanese GAAP
FYE Aug 2022	4.7	−8.9pp	Cons. · Japanese GAAP
FYE Aug 2023	9.7	+5.0pp	Cons. · Japanese GAAP
FYE Aug 2024	8.8	−0.9pp	Cons. · Japanese GAAP
FYE Aug 2025	9.3	+0.5pp	Cons. · Japanese GAAP

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

Net cash

FYE Aug 2025 ¥129bn

CAGR · 10 yrs +16.6%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Feb 2017	32.4	n/a	Cons. · Japanese GAAP
FYE Feb 2018	45.2	+39.7%	Cons. · Japanese GAAP
FYE Feb 2019	52.4	+15.8%	Cons. · Japanese GAAP
FYE Feb 2020	29.0	−44.7%	Cons. · Japanese GAAP
FYE Aug 2020	15.2	−47.7%	Cons. · Japanese GAAP
FYE Aug 2021	125	+727.4%	Cons. · Japanese GAAP
FYE Aug 2022	54.4	−56.6%	Cons. · Japanese GAAP
FYE Aug 2023	89.2	+64.0%	Cons. · Japanese GAAP
FYE Aug 2024	110	+23.4%	Cons. · Japanese GAAP
FYE Aug 2025	129	+16.8%	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 Aug 2025 ¥1.79tn

Change · 9 yrs +¥1.12tn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Feb 2017	667	n/a
FYE Feb 2018	1,029	n/a
FYE Feb 2019	742	n/a
FYE Feb 2020	415	n/a
FYE Aug 2020	n/a	n/a
FYE Aug 2021	662	n/a
FYE Aug 2022	365	n/a
FYE Aug 2023	528	n/a
FYE Aug 2024	770	n/a
FYE Aug 2025	1,790	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 Aug 2025 6,377¥

Change · 9 yrs −17,374¥

Fiscal year	Share price ¥	Basis
FYE Feb 2017	23,751	n/a
FYE Feb 2018	36,647	n/a
FYE Feb 2019	26,416	n/a
FYE Feb 2020	1,478	n/a
FYE Aug 2020	n/a	n/a
FYE Aug 2021	2,358	n/a
FYE Aug 2022	1,300	n/a
FYE Aug 2023	1,879	n/a
FYE Aug 2024	2,741	n/a
FYE Aug 2025	6,377	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 Aug 2025 280,780,000shares

Change · 10 yrs +252,702,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Feb 2017	28,078,000	Parent
FYE Feb 2018	28,078,000	Parent
FYE Feb 2019	28,078,000	Parent
FYE Feb 2020	280,780,000	Parent
FYE Aug 2020	280,780,000	Parent
FYE Aug 2021	280,780,000	Parent
FYE Aug 2022	280,780,000	Parent
FYE Aug 2023	280,780,000	Parent
FYE Aug 2024	280,780,000	Parent
FYE Aug 2025	280,780,000	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 Aug 2025 95.92¥

Change · 10 yrs −1.58¥

Fiscal year	EPS ¥	Basis
FYE Feb 2017	97.50	Cons.
FYE Feb 2018	114.70	Cons.
FYE Feb 2019	128.92	Cons.
FYE Feb 2020	88.47	Cons.
FYE Aug 2020	-64.32	Cons.
FYE Aug 2021	64.45	Cons.
FYE Aug 2022	46.62	Cons.
FYE Aug 2023	41.75	Cons.
FYE Aug 2024	78.55	Cons.
FYE Aug 2025	95.92	Cons.

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

BPS book value per share

FYE Aug 2025 1,182.75¥

Change · 10 yrs −4,279.64¥

Fiscal year	BPS ¥	Basis
FYE Feb 2017	5,462.39	Cons. · Japanese GAAP
FYE Feb 2018	6,066.07	Cons. · Japanese GAAP
FYE Feb 2019	6,804.65	Cons. · Japanese GAAP
FYE Feb 2020	729.38	Cons. · Japanese GAAP
FYE Aug 2020	644.94	Cons. · Japanese GAAP
FYE Aug 2021	757.90	Cons. · Japanese GAAP
FYE Aug 2022	862.67	Cons. · Japanese GAAP
FYE Aug 2023	941.06	Cons. · Japanese GAAP
FYE Aug 2024	1,044.59	Cons. · Japanese GAAP
FYE Aug 2025	1,182.75	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Aug 2025 33.24×

Average · 9 yrs 22.10×

Fiscal year	PER ×	Basis
FYE Feb 2017	24.36	Cons.
FYE Feb 2018	31.95	Cons.
FYE Feb 2019	20.49	Cons.
FYE Feb 2020	16.71	Cons.
FYE Aug 2020	n/a	Cons.
FYE Aug 2021	18.29	Cons.
FYE Aug 2022	13.94	Cons.
FYE Aug 2023	22.50	Cons.
FYE Aug 2024	17.45	Cons.
FYE Aug 2025	33.24	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 Aug 2025 5.10×

Average · 9 yrs 3.23×

Fiscal year	PBR ×	Basis
FYE Feb 2017	4.10	Cons.
FYE Feb 2018	5.66	Cons.
FYE Feb 2019	3.64	Cons.
FYE Feb 2020	1.91	Cons.
FYE Aug 2020	n/a	Cons.
FYE Aug 2021	2.92	Cons.
FYE Aug 2022	1.42	Cons.
FYE Aug 2023	1.88	Cons.
FYE Aug 2024	2.48	Cons.
FYE Aug 2025	5.10	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 Aug 2025 13,912people

Change · 10 yrs +6,920 people

Fiscal year	Group employees people	YoY	Basis
FYE Feb 2017	6,992	n/a	Cons.
FYE Feb 2018	8,128	+16.2%	Cons.
FYE Feb 2019	9,137	+12.4%	Cons.
FYE Feb 2020	9,615	+5.2%	Cons.
FYE Aug 2020	9,046	−5.9%	Cons.
FYE Aug 2021	8,882	−1.8%	Cons.
FYE Aug 2022	9,175	+3.3%	Cons.
FYE Aug 2023	10,074	+9.8%	Cons.
FYE Aug 2024	12,071	+19.8%	Cons.
FYE Aug 2025	13,912	+15.3%	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 Aug 2025 4,039people

Change · 10 yrs +2,231 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Feb 2017	1,808	n/a	Parent
FYE Feb 2018	2,035	+12.6%	Parent
FYE Feb 2019	2,234	+9.8%	Parent
FYE Feb 2020	2,285	+2.3%	Parent
FYE Aug 2020	2,446	+7.0%	Parent
FYE Aug 2021	2,343	−4.2%	Parent
FYE Aug 2022	2,527	+7.9%	Parent
FYE Aug 2023	2,874	+13.7%	Parent
FYE Aug 2024	3,436	+19.6%	Parent
FYE Aug 2025	4,039	+17.5%	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 Aug 2025 ¥6.7m

Change · 10 yrs +¥1.3m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Feb 2017	5.4	n/a	Parent
FYE Feb 2018	5.7	+6.3%	Parent
FYE Feb 2019	5.6	−3.0%	Parent
FYE Feb 2020	5.8	+3.5%	Parent
FYE Aug 2020	5.6	−3.5%	Parent
FYE Aug 2021	5.7	+1.7%	Parent
FYE Aug 2022	5.9	+4.8%	Parent
FYE Aug 2023	6.2	+4.6%	Parent
FYE Aug 2024	6.4	+3.7%	Parent
FYE Aug 2025	6.7	+4.2%	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 Aug 2025 36.9years

Change · 7 yrs −0.9 years

Fiscal year	Average age years	YoY	Basis
FYE Feb 2017	n/a	n/a	Parent
FYE Feb 2018	n/a	n/a	Parent
FYE Feb 2019	n/a	n/a	Parent
FYE Feb 2020	37.8	n/a	Parent
FYE Aug 2020	37.2	−1.6%	Parent
FYE Aug 2021	37.9	+2.1%	Parent
FYE Aug 2022	38.3	+0.9%	Parent
FYE Aug 2023	38.4	+0.3%	Parent
FYE Aug 2024	37.5	−2.3%	Parent
FYE Aug 2025	36.9	−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 Aug 2025 7.5years

Change · 10 yrs +0.3 years

Fiscal year	Average length of service years	YoY	Basis
FYE Feb 2017	7.2	n/a	Parent
FYE Feb 2018	6.9	−4.7%	Parent
FYE Feb 2019	6.8	−0.7%	Parent
FYE Feb 2020	7.4	+9.1%	Parent
FYE Aug 2020	7.3	−1.6%	Parent
FYE Aug 2021	8.3	+13.5%	Parent
FYE Aug 2022	8.5	+2.5%	Parent
FYE Aug 2023	8.3	−2.5%	Parent
FYE Aug 2024	7.9	−4.8%	Parent
FYE Aug 2025	7.5	−5.7%	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)

Temporary employees

FYE Aug 2025 14,520people

Change · 10 yrs +5,317 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Feb 2017	9,203	n/a	n/a
FYE Feb 2018	9,524	+3.5%	n/a
FYE Feb 2019	10,233	+7.4%	n/a
FYE Feb 2020	10,825	+5.8%	n/a
FYE Aug 2020	8,050	−25.6%	n/a
FYE Aug 2021	9,281	+15.3%	n/a
FYE Aug 2022	9,834	+6.0%	n/a
FYE Aug 2023	10,721	+9.0%	n/a
FYE Aug 2024	12,571	+17.3%	n/a
FYE Aug 2025	14,520	+15.5%	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 Aug 2025 ¥56.4m

Change · 10 yrs +¥8.8m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Feb 2017	47.6	n/a	Cons.
FYE Feb 2018	46.6	−2.0%	Cons.
FYE Feb 2019	44.7	−4.0%	Cons.
FYE Feb 2020	45.5	+1.8%	Cons.
FYE Aug 2020	19.8	−56.6%	Cons.
FYE Aug 2021	50.9	+157.5%	Cons.
FYE Aug 2022	54.1	+6.2%	Cons.
FYE Aug 2023	57.7	+6.7%	Cons.
FYE Aug 2024	54.8	−5.0%	Cons.
FYE Aug 2025	56.4	+2.9%	Cons.

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

Operating profit per employee

FYE Aug 2025 ¥5.3m

Change · 10 yrs −¥0.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Feb 2017	5.5	n/a	Cons.
FYE Feb 2018	5.6	+1.8%	Cons.
FYE Feb 2019	4.9	−12.1%	Cons.
FYE Feb 2020	3.8	−22.7%	Cons.
FYE Aug 2020	0.1	−97.5%	Cons.
FYE Aug 2021	4.8	+4857.7%	Cons.
FYE Aug 2022	3.6	−25.3%	Cons.
FYE Aug 2023	3.3	−7.9%	Cons.
FYE Aug 2024	4.7	+41.4%	Cons.
FYE Aug 2025	5.3	+14.1%	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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