Financials

Medipal Holdings: FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥3.82tnYoY +4.0%

FYE Mar 2026 · Operating profit¥53bnYoY −4.4%

FYE Mar 2026 · Net profit¥43bnYoY +5.6%

FYE Mar 2026 · Equity ratio33.9%YoY −0.0pp

FYE Mar 2026 · Group employees13,024YoY −37

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥3.06tn	n/a	¥40bn	n/a	1.3%	¥29bn	Watanabe Shuichi	—
FYE Mar 2018Consolidated	¥3.15tn	+2.7%	¥44bn	+11.6%	1.4%	¥35bn	Watanabe Shuichi	—
FYE Mar 2019Consolidated	¥3.18tn	+1.1%	¥50bn	+12.6%	1.6%	¥34bn	Watanabe Shuichi	—
FYE Mar 2020Consolidated	¥3.25tn	+2.2%	¥53bn	+6.6%	1.6%	¥38bn	Watanabe Shuichi	—
FYE Mar 2021Consolidated	¥3.21tn	−1.3%	¥39bn	−27.4%	1.2%	¥24bn	Watanabe Shuichi	COVID-19: prescription-medicine segment profit falls 60%
FYE Mar 2022Consolidated	¥3.29tn	+2.5%	¥46bn	+18.3%	1.4%	¥29bn	Watanabe Shuichi	—
FYE Mar 2023Consolidated	¥3.36tn	+2.1%	¥49bn	+7.3%	1.5%	¥39bn	Watanabe Shuichi	Moves to the TSE Prime Market
FYE Mar 2024Consolidated	¥3.56tn	+5.9%	¥47bn	−3.4%	1.3%	¥41bn	Watanabe Shuichi	“Change the <span class="en-history_ja">卸</span> Forever” plan; chemicals and food ingredients acquired
FYE Mar 2025Consolidated	¥3.67tn	+3.2%	¥56bn	+17.5%	1.5%	¥40bn	Watanabe Shuichi	Premedica and Flora Discovery — a push into health data
FYE Mar 2026Consolidated	¥3.82tn	+4.0%	¥53bn	−4.4%	1.4%	¥43bn	Watanabe Shuichi	Watanabe’s illness disclosed; two representative directors

How it compares

Medipal Holdings¥3.82tnFY2025Operating margin 1.4%

Arufuressahorudingusu¥3.10tnFY2025Operating margin 1.2%

SUZUKEN CO.,LTD.¥2.49tnFY2025Operating margin 1.5%

TOHO HOLDINGS CO., LTD.¥1.55tnFY2025Operating margin 1.1%

PALTAC¥1.24tnFY2025Operating margin 2.1%

Katousangyou¥1.18tnFY2025Operating margin 1.5%

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 ¥3.82tn

CAGR · 10 yrs +2.5%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	3,064	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3,146	+2.7%	Cons. · Japanese GAAP
FYE Mar 2019	3,182	+1.1%	Cons. · Japanese GAAP
FYE Mar 2020	3,253	+2.2%	Cons. · Japanese GAAP
FYE Mar 2021	3,211	−1.3%	Cons. · Japanese GAAP
FYE Mar 2022	3,291	+2.5%	Cons. · Japanese GAAP
FYE Mar 2023	3,360	+2.1%	Cons. · Japanese GAAP
FYE Mar 2024	3,559	+5.9%	Cons. · Japanese GAAP
FYE Mar 2025	3,671	+3.2%	Cons. · Japanese GAAP
FYE Mar 2026	3,817	+4.0%	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 ¥3.56tn

CAGR · 10 yrs +2.5%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	2,845	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,918	+2.6%	Cons. · Japanese GAAP
FYE Mar 2019	2,949	+1.1%	Cons. · Japanese GAAP
FYE Mar 2020	3,016	+2.3%	Cons. · Japanese GAAP
FYE Mar 2021	2,997	−0.6%	Cons. · Japanese GAAP
FYE Mar 2022	3,073	+2.6%	Cons. · Japanese GAAP
FYE Mar 2023	3,136	+2.0%	Cons. · Japanese GAAP
FYE Mar 2024	3,312	+5.6%	Cons. · Japanese GAAP
FYE Mar 2025	3,416	+3.1%	Cons. · Japanese GAAP
FYE Mar 2026	3,556	+4.1%	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 ¥261bn

CAGR · 10 yrs +2.0%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	219	n/a	Cons. · Japanese GAAP
FYE Mar 2018	228	+4.2%	Cons. · Japanese GAAP
FYE Mar 2019	232	+1.9%	Cons. · Japanese GAAP
FYE Mar 2020	237	+1.8%	Cons. · Japanese GAAP
FYE Mar 2021	214	−9.5%	Cons. · Japanese GAAP
FYE Mar 2022	217	+1.5%	Cons. · Japanese GAAP
FYE Mar 2023	224	+3.2%	Cons. · Japanese GAAP
FYE Mar 2024	247	+10.0%	Cons. · Japanese GAAP
FYE Mar 2025	256	+3.7%	Cons. · Japanese GAAP
FYE Mar 2026	261	+2.0%	Cons. · Japanese GAAP

Definition: What the product or service itself earns
Formula: Revenue − cost of sales
Source: Securities report (XBRL)

SG&A selling, general and administrative expenses

FYE Mar 2026 ¥208bn

CAGR · 10 yrs +1.6%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	179	n/a	Cons. · Japanese GAAP
FYE Mar 2018	184	+2.5%	Cons. · Japanese GAAP
FYE Mar 2019	183	−0.6%	Cons. · Japanese GAAP
FYE Mar 2020	184	+0.5%	Cons. · Japanese GAAP
FYE Mar 2021	176	−4.3%	Cons. · Japanese GAAP
FYE Mar 2022	172	−2.2%	Cons. · Japanese GAAP
FYE Mar 2023	175	+2.0%	Cons. · Japanese GAAP
FYE Mar 2024	199	+13.7%	Cons. · Japanese GAAP
FYE Mar 2025	200	+0.4%	Cons. · Japanese GAAP
FYE Mar 2026	208	+3.8%	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 ¥53bn

CAGR · 10 yrs +3.3%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	39.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	44.3	+11.6%	Cons. · Japanese GAAP
FYE Mar 2019	49.8	+12.6%	Cons. · Japanese GAAP
FYE Mar 2020	53.1	+6.6%	Cons. · Japanese GAAP
FYE Mar 2021	38.6	−27.4%	Cons. · Japanese GAAP
FYE Mar 2022	45.6	+18.3%	Cons. · Japanese GAAP
FYE Mar 2023	49.0	+7.3%	Cons. · Japanese GAAP
FYE Mar 2024	47.3	−3.4%	Cons. · Japanese GAAP
FYE Mar 2025	55.6	+17.5%	Cons. · Japanese GAAP
FYE Mar 2026	53.2	−4.4%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥25bn

CAGR · 10 yrs +6.2%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	14.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.7	−7.7%	Cons. · Japanese GAAP
FYE Mar 2019	14.9	+8.9%	Cons. · Japanese GAAP
FYE Mar 2020	15.6	+4.5%	Cons. · Japanese GAAP
FYE Mar 2021	15.2	−2.6%	Cons. · Japanese GAAP
FYE Mar 2022	17.1	+12.7%	Cons. · Japanese GAAP
FYE Mar 2023	17.6	+2.7%	Cons. · Japanese GAAP
FYE Mar 2024	19.4	+10.4%	Cons. · Japanese GAAP
FYE Mar 2025	16.0	−17.3%	Cons. · Japanese GAAP
FYE Mar 2026	25.4	+58.4%	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 ¥2.9bn

CAGR · 10 yrs +11.0%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.6	−45.9%	Cons. · Japanese GAAP
FYE Mar 2019	0.8	+36.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.7	−17.6%	Cons. · Japanese GAAP
FYE Mar 2021	0.8	+17.2%	Cons. · Japanese GAAP
FYE Mar 2022	0.7	−11.8%	Cons. · Japanese GAAP
FYE Mar 2023	1.4	+102.8%	Cons. · Japanese GAAP
FYE Mar 2024	2.2	+51.0%	Cons. · Japanese GAAP
FYE Mar 2025	6.4	+194.4%	Cons. · Japanese GAAP
FYE Mar 2026	2.9	−55.0%	Cons. · Japanese GAAP

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

Ordinary profit keijo rieki

FYE Mar 2026 ¥76bn

CAGR · 10 yrs +4.0%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	53.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	57.3	+7.5%	Cons. · Japanese GAAP
FYE Mar 2019	63.9	+11.4%	Cons. · Japanese GAAP
FYE Mar 2020	68.0	+6.4%	Cons. · Japanese GAAP
FYE Mar 2021	53.0	−22.1%	Cons. · Japanese GAAP
FYE Mar 2022	62.0	+17.1%	Cons. · Japanese GAAP
FYE Mar 2023	65.1	+5.0%	Cons. · Japanese GAAP
FYE Mar 2024	64.6	−0.8%	Cons. · Japanese GAAP
FYE Mar 2025	65.3	+1.1%	Cons. · Japanese GAAP
FYE Mar 2026	75.7	+16.0%	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 ¥22bn

CAGR · 10 yrs +27.7%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	2.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.4	+208.2%	Cons. · Japanese GAAP
FYE Mar 2019	0.4	−94.1%	Cons. · Japanese GAAP
FYE Mar 2020	12.0	+2643.8%	Cons. · Japanese GAAP
FYE Mar 2021	11.3	−5.7%	Cons. · Japanese GAAP
FYE Mar 2022	0.9	−92.3%	Cons. · Japanese GAAP
FYE Mar 2023	14.1	+1517.8%	Cons. · Japanese GAAP
FYE Mar 2024	12.0	−15.3%	Cons. · Japanese GAAP
FYE Mar 2025	12.7	+6.1%	Cons. · Japanese GAAP
FYE Mar 2026	21.8	+72.1%	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 ¥43bn

CAGR · 10 yrs +4.3%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	29.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	34.8	+19.9%	Cons. · Japanese GAAP
FYE Mar 2019	34.4	−1.2%	Cons. · Japanese GAAP
FYE Mar 2020	38.0	+10.5%	Cons. · Japanese GAAP
FYE Mar 2021	23.9	−37.0%	Cons. · Japanese GAAP
FYE Mar 2022	29.4	+23.0%	Cons. · Japanese GAAP
FYE Mar 2023	38.8	+31.9%	Cons. · Japanese GAAP
FYE Mar 2024	41.5	+6.9%	Cons. · Japanese GAAP
FYE Mar 2025	40.3	−2.9%	Cons. · Japanese GAAP
FYE Mar 2026	42.5	+5.6%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 6.8%

Average · 10 yrs 7.0%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	7.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	7.3	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	7.3	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	6.7	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	6.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	6.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	6.9	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	7.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	6.8	−0.1pp	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 1.4%

Average · 10 yrs 1.4%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	1.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	1.6	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	1.6	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	1.2	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	1.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	1.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	1.3	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	1.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	1.4	−0.1pp	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 2.0%

Average · 10 yrs 1.9%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.8	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	2.0	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	2.1	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	1.6	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	1.9	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	1.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	1.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	1.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	2.0	+0.2pp	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 1.1%

Average · 10 yrs 1.0%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	1.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	1.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	0.7	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	0.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	1.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	1.2	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	1.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	1.1	−0.0pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Mar 2026 93.2%

Average · 10 yrs 93.0%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	92.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	92.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	92.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	92.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	93.3	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	93.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	93.3	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	93.1	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	93.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	93.2	+0.1pp	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 5.4%

Average · 10 yrs 5.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	5.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	5.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	5.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	5.5	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	5.2	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	5.2	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	5.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	5.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	5.4	−0.0pp	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 ¥1.92tn

CAGR · 10 yrs +2.6%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	1,526	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,619	+6.1%	Cons. · Japanese GAAP
FYE Mar 2019	1,618	−0.1%	Cons. · Japanese GAAP
FYE Mar 2020	1,644	+1.6%	Cons. · Japanese GAAP
FYE Mar 2021	1,680	+2.2%	Cons. · Japanese GAAP
FYE Mar 2022	1,709	+1.8%	Cons. · Japanese GAAP
FYE Mar 2023	1,710	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	1,799	+5.2%	Cons. · Japanese GAAP
FYE Mar 2025	1,825	+1.4%	Cons. · Japanese GAAP
FYE Mar 2026	1,922	+5.3%	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 ¥652bn

CAGR · 10 yrs +4.4%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	442	n/a	Cons. · Japanese GAAP
FYE Mar 2018	485	+9.7%	Cons. · Japanese GAAP
FYE Mar 2019	497	+2.5%	Cons. · Japanese GAAP
FYE Mar 2020	500	+0.7%	Cons. · Japanese GAAP
FYE Mar 2021	523	+4.5%	Cons. · Japanese GAAP
FYE Mar 2022	530	+1.4%	Cons. · Japanese GAAP
FYE Mar 2023	561	+5.9%	Cons. · Japanese GAAP
FYE Mar 2024	600	+6.9%	Cons. · Japanese GAAP
FYE Mar 2025	620	+3.2%	Cons. · Japanese GAAP
FYE Mar 2026	652	+5.3%	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 n/a

Average · 6 yrs ¥7.9bn

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	18.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.2	−1.2%	Cons. · Japanese GAAP
FYE Mar 2019	6.4	−64.9%	Cons. · Japanese GAAP
FYE Mar 2020	3.9	−39.0%	Cons. · Japanese GAAP
FYE Mar 2021	0.4	−91.0%	Cons. · Japanese GAAP
FYE Mar 2022	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	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 n/a

CAGR · 5 yrs −41.6%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.0	+200.0%	Cons. · Japanese GAAP
FYE Mar 2019	2.5	−72.2%	Cons. · Japanese GAAP
FYE Mar 2020	3.6	+42.3%	Cons. · Japanese GAAP
FYE Mar 2021	0.4	−90.2%	Cons. · Japanese GAAP
FYE Mar 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	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 n/a

CAGR · 4 yrs −71.7%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	15.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.2	−40.2%	Cons. · Japanese GAAP
FYE Mar 2019	3.9	−57.7%	Cons. · Japanese GAAP
FYE Mar 2020	0.4	−91.0%	Cons. · Japanese GAAP
FYE Mar 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	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 Mar 2026 ¥37bn

CAGR · 10 yrs +12.6%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	12.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.9	+16.0%	Cons. · Japanese GAAP
FYE Mar 2019	14.1	−5.5%	Cons. · Japanese GAAP
FYE Mar 2020	11.0	−21.6%	Cons. · Japanese GAAP
FYE Mar 2021	10.2	−7.8%	Cons. · Japanese GAAP
FYE Mar 2022	10.0	−2.1%	Cons. · Japanese GAAP
FYE Mar 2023	40.0	+301.2%	Cons. · Japanese GAAP
FYE Mar 2024	39.0	−2.5%	Cons. · Japanese GAAP
FYE Mar 2025	39.9	+2.3%	Cons. · Japanese GAAP
FYE Mar 2026	37.5	−6.1%	Cons. · Japanese GAAP

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

Goodwill

FYE Mar 2026 ¥12bn

CAGR · 10 yrs +37.3%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.1	+197.2%	Cons. · Japanese GAAP
FYE Mar 2019	1.6	−22.5%	Cons. · Japanese GAAP
FYE Mar 2020	1.2	−27.8%	Cons. · Japanese GAAP
FYE Mar 2021	0.9	−27.4%	Cons. · Japanese GAAP
FYE Mar 2022	0.6	−29.8%	Cons. · Japanese GAAP
FYE Mar 2023	11.9	+1870.7%	Cons. · Japanese GAAP
FYE Mar 2024	11.6	−2.3%	Cons. · Japanese GAAP
FYE Mar 2025	13.2	+13.1%	Cons. · Japanese GAAP
FYE Mar 2026	12.3	−6.2%	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 Mar 2026 33.9%

Average · 10 yrs 31.6%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	28.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.9	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	30.7	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	30.4	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	31.1	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	31.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	32.8	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2024	33.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	33.9	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	33.9	−0.0pp	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 n/a

Average · 6 yrs 1.7%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	4.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.8	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	1.3	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2020	0.8	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	0.1	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	0.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	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 6.5%

Average · 10 yrs 6.5%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	6.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	6.9	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	7.6	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	4.6	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2022	5.5	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	6.9	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	6.9	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	6.5	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	6.5	−0.0pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 2.2%

Average · 10 yrs 2.1%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	1.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	2.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	2.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	1.4	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	1.7	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	2.3	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	2.3	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	2.2	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	2.2	−0.0pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 1.99×

CAGR · 10 yrs −0.1%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	2.01	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.94	−3.2%	Cons. · Japanese GAAP
FYE Mar 2019	1.97	+1.2%	Cons. · Japanese GAAP
FYE Mar 2020	1.98	+0.6%	Cons. · Japanese GAAP
FYE Mar 2021	1.91	−3.4%	Cons. · Japanese GAAP
FYE Mar 2022	1.93	+0.7%	Cons. · Japanese GAAP
FYE Mar 2023	1.97	+2.1%	Cons. · Japanese GAAP
FYE Mar 2024	1.98	+0.6%	Cons. · Japanese GAAP
FYE Mar 2025	2.01	+1.7%	Cons. · Japanese GAAP
FYE Mar 2026	1.99	−1.3%	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 ¥47bn

CAGR · 10 yrs −0.3%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	48.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	63.6	+32.5%	Cons. · Japanese GAAP
FYE Mar 2019	63.7	+0.2%	Cons. · Japanese GAAP
FYE Mar 2020	56.9	−10.7%	Cons. · Japanese GAAP
FYE Mar 2021	34.4	−39.5%	Cons. · Japanese GAAP
FYE Mar 2022	61.2	+77.7%	Cons. · Japanese GAAP
FYE Mar 2023	16.1	−73.6%	Cons. · Japanese GAAP
FYE Mar 2024	61.8	+283.0%	Cons. · Japanese GAAP
FYE Mar 2025	60.6	−2.1%	Cons. · Japanese GAAP
FYE Mar 2026	46.6	−23.1%	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 ¥9.3bn

Average · 10 yrs -¥16bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-11.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-43.1	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-23.5	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-13.3	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-2.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-24.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-39.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-7.8	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-3.4	n/a	Cons. · Japanese GAAP
FYE Mar 2026	9.3	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 -¥29bn

Average · 10 yrs -¥24bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-17.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.8	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-30.8	−294.1%	Cons. · Japanese GAAP
FYE Mar 2020	-49.1	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-16.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-16.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-43.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-25.2	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-25.9	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-29.4	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 Mar 2026 ¥287bn

CAGR · 10 yrs +5.1%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	183	n/a	Cons. · Japanese GAAP
FYE Mar 2018	221	+20.8%	Cons. · Japanese GAAP
FYE Mar 2019	230	+4.3%	Cons. · Japanese GAAP
FYE Mar 2020	225	−2.4%	Cons. · Japanese GAAP
FYE Mar 2021	240	+6.9%	Cons. · Japanese GAAP
FYE Mar 2022	260	+8.5%	Cons. · Japanese GAAP
FYE Mar 2023	194	−25.7%	Cons. · Japanese GAAP
FYE Mar 2024	228	+17.8%	Cons. · Japanese GAAP
FYE Mar 2025	259	+13.7%	Cons. · Japanese GAAP
FYE Mar 2026	287	+10.5%	Cons. · Japanese GAAP

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

Free cash flow

FYE Mar 2026 ¥56bn

CAGR · 10 yrs +4.8%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	36.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.5	−44.0%	Cons. · Japanese GAAP
FYE Mar 2019	40.2	+96.2%	Cons. · Japanese GAAP
FYE Mar 2020	43.6	+8.4%	Cons. · Japanese GAAP
FYE Mar 2021	31.5	−27.7%	Cons. · Japanese GAAP
FYE Mar 2022	36.9	+17.0%	Cons. · Japanese GAAP
FYE Mar 2023	-23.3	−163.3%	Cons. · Japanese GAAP
FYE Mar 2024	54.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	57.2	+5.9%	Cons. · Japanese GAAP
FYE Mar 2026	55.9	−2.4%	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 1.2%

Average · 10 yrs 1.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.0	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	2.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	1.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	1.1	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2022	1.9	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2023	0.5	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	1.7	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2025	1.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	1.2	−0.4pp	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 n/a

CAGR · 6 yrs +9.7%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	164	n/a	Cons. · Japanese GAAP
FYE Mar 2018	202	+23.3%	Cons. · Japanese GAAP
FYE Mar 2019	224	+10.5%	Cons. · Japanese GAAP
FYE Mar 2020	221	−1.3%	Cons. · Japanese GAAP
FYE Mar 2021	240	+8.6%	Cons. · Japanese GAAP
FYE Mar 2022	260	+8.7%	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

Definition: Cash on hand once the borrowings are paid off
Formula: Cash and equivalents − interest-bearing debt
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Mar 2026 ¥634bn

Change · 10 yrs +¥208bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	426	n/a
FYE Mar 2018	531	n/a
FYE Mar 2019	644	n/a
FYE Mar 2020	494	n/a
FYE Mar 2021	518	n/a
FYE Mar 2022	493	n/a
FYE Mar 2023	408	n/a
FYE Mar 2024	511	n/a
FYE Mar 2025	512	n/a
FYE Mar 2026	634	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 2,935¥

Change · 10 yrs +1,192¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,742	n/a
FYE Mar 2018	2,173	n/a
FYE Mar 2019	2,635	n/a
FYE Mar 2020	2,022	n/a
FYE Mar 2021	2,120	n/a
FYE Mar 2022	2,018	n/a
FYE Mar 2023	1,811	n/a
FYE Mar 2024	2,311	n/a
FYE Mar 2025	2,338	n/a
FYE Mar 2026	2,935	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 215,975,000shares

Change · 10 yrs −28,549,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	244,524,000	Parent
FYE Mar 2018	244,524,000	Parent
FYE Mar 2019	244,524,000	Parent
FYE Mar 2020	244,524,000	Parent
FYE Mar 2021	244,524,000	Parent
FYE Mar 2022	244,524,000	Parent
FYE Mar 2023	225,463,000	Parent
FYE Mar 2024	221,291,000	Parent
FYE Mar 2025	219,226,000	Parent
FYE Mar 2026	215,975,000	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 206.67¥

Change · 10 yrs +78.55¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	128.12	Cons.
FYE Mar 2018	154.13	Cons.
FYE Mar 2019	154.09	Cons.
FYE Mar 2020	175.80	Cons.
FYE Mar 2021	113.96	Cons.
FYE Mar 2022	140.14	Cons.
FYE Mar 2023	184.82	Cons.
FYE Mar 2024	195.83	Cons.
FYE Mar 2025	193.20	Cons.
FYE Mar 2026	206.67	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 3,019.67¥

Change · 10 yrs +1,213.67¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,806.01	Cons. · Japanese GAAP
FYE Mar 2018	1,982.09	Cons. · Japanese GAAP
FYE Mar 2019	2,032.03	Cons. · Japanese GAAP
FYE Mar 2020	2,046.09	Cons. · Japanese GAAP
FYE Mar 2021	2,138.91	Cons. · Japanese GAAP
FYE Mar 2022	2,168.72	Cons. · Japanese GAAP
FYE Mar 2023	2,489.80	Cons. · Japanese GAAP
FYE Mar 2024	2,712.94	Cons. · Japanese GAAP
FYE Mar 2025	2,826.15	Cons. · Japanese GAAP
FYE Mar 2026	3,019.67	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 14.20×

Average · 10 yrs 13.72×

Fiscal year	PER ×	Basis
FYE Mar 2017	13.60	Cons.
FYE Mar 2018	14.10	Cons.
FYE Mar 2019	17.10	Cons.
FYE Mar 2020	11.50	Cons.
FYE Mar 2021	18.60	Cons.
FYE Mar 2022	14.40	Cons.
FYE Mar 2023	9.80	Cons.
FYE Mar 2024	11.80	Cons.
FYE Mar 2025	12.10	Cons.
FYE Mar 2026	14.20	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 0.92×

Average · 10 yrs 0.88×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.89	Cons.
FYE Mar 2018	1.01	Cons.
FYE Mar 2019	1.18	Cons.
FYE Mar 2020	0.85	Cons.
FYE Mar 2021	0.85	Cons.
FYE Mar 2022	0.80	Cons.
FYE Mar 2023	0.68	Cons.
FYE Mar 2024	0.81	Cons.
FYE Mar 2025	0.78	Cons.
FYE Mar 2026	0.92	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 13,024people

Change · 10 yrs −228 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	13,252	n/a	Cons.
FYE Mar 2018	14,151	+6.8%	Cons.
FYE Mar 2019	13,868	−2.0%	Cons.
FYE Mar 2020	13,599	−1.9%	Cons.
FYE Mar 2021	12,971	−4.6%	Cons.
FYE Mar 2022	12,801	−1.3%	Cons.
FYE Mar 2023	12,795	−0.0%	Cons.
FYE Mar 2024	13,075	+2.2%	Cons.
FYE Mar 2025	13,061	−0.1%	Cons.
FYE Mar 2026	13,024	−0.3%	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 Mar 2026 186people

Change · 10 yrs +110 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	76	n/a	Parent
FYE Mar 2018	193	+153.9%	Parent
FYE Mar 2019	185	−4.1%	Parent
FYE Mar 2020	169	−8.6%	Parent
FYE Mar 2021	169	−0.0%	Parent
FYE Mar 2022	173	+2.4%	Parent
FYE Mar 2023	173	−0.0%	Parent
FYE Mar 2024	183	+5.8%	Parent
FYE Mar 2025	185	+1.1%	Parent
FYE Mar 2026	186	+0.5%	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 Mar 2026 ¥8.2m

Change · 8 yrs +¥0.3m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	7.9	n/a	Parent
FYE Mar 2020	7.8	−1.2%	Parent
FYE Mar 2021	7.8	−1.0%	Parent
FYE Mar 2022	7.8	+0.3%	Parent
FYE Mar 2023	7.9	+1.2%	Parent
FYE Mar 2024	8.0	+1.7%	Parent
FYE Mar 2025	8.1	+1.6%	Parent
FYE Mar 2026	8.2	+1.0%	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 49.0years

Change · 8 yrs +1.9 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	47.1	n/a	Parent
FYE Mar 2020	46.2	−1.9%	Parent
FYE Mar 2021	46.7	+1.1%	Parent
FYE Mar 2022	47.7	+2.1%	Parent
FYE Mar 2023	48.1	+0.8%	Parent
FYE Mar 2024	47.9	−0.4%	Parent
FYE Mar 2025	48.6	+1.5%	Parent
FYE Mar 2026	49.0	+0.8%	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 20.1years

Change · 8 yrs +0.1 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	20.0	n/a	Parent
FYE Mar 2020	18.3	−8.5%	Parent
FYE Mar 2021	18.3	−0.0%	Parent
FYE Mar 2022	19.0	+3.8%	Parent
FYE Mar 2023	19.0	−0.0%	Parent
FYE Mar 2024	19.1	+0.5%	Parent
FYE Mar 2025	19.8	+3.7%	Parent
FYE Mar 2026	20.1	+1.5%	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 11,072people

Change · 10 yrs +3,340 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	7,732	n/a	n/a
FYE Mar 2018	7,917	+2.4%	n/a
FYE Mar 2019	7,863	−0.7%	n/a
FYE Mar 2020	7,794	−0.9%	n/a
FYE Mar 2021	7,617	−2.3%	n/a
FYE Mar 2022	7,684	+0.9%	n/a
FYE Mar 2023	8,429	+9.7%	n/a
FYE Mar 2024	10,074	+19.5%	n/a
FYE Mar 2025	10,816	+7.4%	n/a
FYE Mar 2026	11,072	+2.4%	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 ¥293m

Change · 10 yrs +¥61.9m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	231	n/a	Cons.
FYE Mar 2018	222	−3.8%	Cons.
FYE Mar 2019	229	+3.2%	Cons.
FYE Mar 2020	239	+4.3%	Cons.
FYE Mar 2021	248	+3.5%	Cons.
FYE Mar 2022	257	+3.8%	Cons.
FYE Mar 2023	263	+2.1%	Cons.
FYE Mar 2024	272	+3.6%	Cons.
FYE Mar 2025	281	+3.3%	Cons.
FYE Mar 2026	293	+4.3%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥4.1m

Change · 10 yrs +¥1.1m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	3.0	n/a	Cons.
FYE Mar 2018	3.1	+4.5%	Cons.
FYE Mar 2019	3.6	+14.9%	Cons.
FYE Mar 2020	3.9	+8.7%	Cons.
FYE Mar 2021	3.0	−23.8%	Cons.
FYE Mar 2022	3.6	+19.8%	Cons.
FYE Mar 2023	3.8	+7.4%	Cons.
FYE Mar 2024	3.6	−5.4%	Cons.
FYE Mar 2025	4.3	+17.6%	Cons.
FYE Mar 2026	4.1	−4.1%	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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