Financials

United Arrows: FYE Mar 2026 and ten years of results (48 metrics)

FYE Mar 2026 · Revenue¥165bnYoY +9.1%

FYE Mar 2026 · Operating profit¥9.1bnYoY +14.3%

FYE Mar 2026 · Net profit¥6.1bnYoY +42.7%

FYE Mar 2026 · Equity ratio58.9%YoY +5.0pp

FYE Mar 2026 · Group employees3,904YoY −192

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥146bn	n/a	¥9.2bn	n/a	6.3%	¥5.2bn	Takeda Mitsuhiro	—
FYE Mar 2018Consolidated	¥154bn	+6.1%	¥11bn	+14.8%	6.8%	¥5.2bn	Takeda Mitsuhiro	First operating decline in six years after price increases
FYE Mar 2019Consolidated	¥159bn	+2.9%	¥11bn	+5.2%	7.0%	¥6.4bn	Takeda Mitsuhiro	—
FYE Mar 2020Consolidated	¥157bn	−0.9%	¥8.8bn	−20.8%	5.6%	¥3.5bn	Takeda Mitsuhiro	—
FYE Mar 2021Consolidated	¥122bn	−22.7%	-¥6.6bn	−175.5%	-5.4%	-¥7.2bn	Takeda Mitsuhiro	COVID hits the store-based model under Takeda
FYE Mar 2022Consolidated	¥118bn	−2.7%	¥1.7bn	n/a	1.4%	¥0.7bn	Takeda Mitsuhiro	Operating loss of <span class="en-history_money" data-yen="6600000000" data-year="2021">$60.1M (¥7bn)</span>; Matsuzaki succeeds Takeda as president
FYE Mar 2023Consolidated	¥130bn	+9.9%	¥6.4bn	+278.0%	4.9%	¥4.3bn	Matsuzaki Yoshinori	Moves to the TSE Prime Market; returns to profit
FYE Mar 2024Consolidated	¥134bn	+3.2%	¥6.7bn	+5.9%	5.0%	¥4.9bn	Matsuzaki Yoshinori	—
FYE Mar 2025Consolidated	¥151bn	+12.4%	¥8.0bn	+18.5%	5.3%	¥4.3bn	Matsuzaki Yoshinori	—
FYE Mar 2026Consolidated	¥165bn	+9.1%	¥9.1bn	+14.3%	5.5%	¥6.1bn	Matsuzaki Yoshinori	First directly operated store in mainland China (Shanghai)

How it compares

and ST Holdings¥304bnFY2025Operating margin 5.4%World¥284bnFY2025Operating margin 5.6%Pal Group Holdings¥235bnFY2025Operating margin 11.6%

Onwadohorudingusu¥208bnFY2024Operating margin 4.9%

Nishimatsuyachen¥193bnFY2025Operating margin 5.1%

Wacoal Holdings¥172bnFY2025Operating margin 11.6%

United Arrows¥165bnFY2025Operating margin 5.5%

Tiesuaihorudingusu¥157bnFY2024Operating margin 1.0%

Sanyo Shokai¥58bnFY2025Operating margin 2.2%Renown IncorporatedDelisted 2020

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥165bn

CAGR · 10 yrs +1.4%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	146	n/a	Cons. · Japanese GAAP
FYE Mar 2018	154	+6.1%	Cons. · Japanese GAAP
FYE Mar 2019	159	+2.9%	Cons. · Japanese GAAP
FYE Mar 2020	157	−0.9%	Cons. · Japanese GAAP
FYE Mar 2021	122	−22.7%	Cons. · Japanese GAAP
FYE Mar 2022	118	−2.7%	Cons. · Japanese GAAP
FYE Mar 2023	130	+9.9%	Cons. · Japanese GAAP
FYE Mar 2024	134	+3.2%	Cons. · Japanese GAAP
FYE Mar 2025	151	+12.4%	Cons. · Japanese GAAP
FYE Mar 2026	165	+9.1%	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 ¥78bn

CAGR · 10 yrs +1.0%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	71.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	74.9	+4.9%	Cons. · Japanese GAAP
FYE Mar 2019	77.2	+3.0%	Cons. · Japanese GAAP
FYE Mar 2020	77.4	+0.4%	Cons. · Japanese GAAP
FYE Mar 2021	66.7	−13.9%	Cons. · Japanese GAAP
FYE Mar 2022	59.3	−11.1%	Cons. · Japanese GAAP
FYE Mar 2023	63.0	+6.2%	Cons. · Japanese GAAP
FYE Mar 2024	64.8	+2.9%	Cons. · Japanese GAAP
FYE Mar 2025	72.3	+11.5%	Cons. · Japanese GAAP
FYE Mar 2026	78.4	+8.4%	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 ¥86bn

CAGR · 10 yrs +1.7%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	74.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	79.5	+7.2%	Cons. · Japanese GAAP
FYE Mar 2019	81.8	+2.8%	Cons. · Japanese GAAP
FYE Mar 2020	80.0	−2.2%	Cons. · Japanese GAAP
FYE Mar 2021	55.0	−31.2%	Cons. · Japanese GAAP
FYE Mar 2022	59.1	+7.4%	Cons. · Japanese GAAP
FYE Mar 2023	67.2	+13.7%	Cons. · Japanese GAAP
FYE Mar 2024	69.5	+3.4%	Cons. · Japanese GAAP
FYE Mar 2025	78.6	+13.2%	Cons. · Japanese GAAP
FYE Mar 2026	86.2	+9.7%	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 ¥77bn

CAGR · 10 yrs +1.9%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	65.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	69.0	+6.2%	Cons. · Japanese GAAP
FYE Mar 2019	70.7	+2.5%	Cons. · Japanese GAAP
FYE Mar 2020	71.2	+0.7%	Cons. · Japanese GAAP
FYE Mar 2021	61.6	−13.5%	Cons. · Japanese GAAP
FYE Mar 2022	57.4	−6.9%	Cons. · Japanese GAAP
FYE Mar 2023	60.8	+5.9%	Cons. · Japanese GAAP
FYE Mar 2024	62.7	+3.1%	Cons. · Japanese GAAP
FYE Mar 2025	70.6	+12.6%	Cons. · Japanese GAAP
FYE Mar 2026	77.1	+9.1%	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 ¥9.1bn

CAGR · 10 yrs −0.0%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	9.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.5	+14.8%	Cons. · Japanese GAAP
FYE Mar 2019	11.1	+5.2%	Cons. · Japanese GAAP
FYE Mar 2020	8.8	−20.8%	Cons. · Japanese GAAP
FYE Mar 2021	-6.6	−175.5%	Cons. · Japanese GAAP
FYE Mar 2022	1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	6.4	+278.0%	Cons. · Japanese GAAP
FYE Mar 2024	6.7	+5.9%	Cons. · Japanese GAAP
FYE Mar 2025	8.0	+18.5%	Cons. · Japanese GAAP
FYE Mar 2026	9.1	+14.3%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥0.3bn

CAGR · 10 yrs −1.5%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.4	−1.9%	Cons. · Japanese GAAP
FYE Mar 2019	0.3	−7.8%	Cons. · Japanese GAAP
FYE Mar 2020	0.3	−0.9%	Cons. · Japanese GAAP
FYE Mar 2021	1.8	+455.6%	Cons. · Japanese GAAP
FYE Mar 2022	1.2	−33.4%	Cons. · Japanese GAAP
FYE Mar 2023	0.6	−52.0%	Cons. · Japanese GAAP
FYE Mar 2024	0.8	+42.4%	Cons. · Japanese GAAP
FYE Mar 2025	0.7	−13.9%	Cons. · Japanese GAAP
FYE Mar 2026	0.3	−55.4%	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 ¥133m

CAGR · 10 yrs +1.9%

Fiscal year	Non-operating expenses ¥ m	YoY	Basis
FYE Mar 2017	112	n/a	Cons. · Japanese GAAP
FYE Mar 2018	103	−8.0%	Cons. · Japanese GAAP
FYE Mar 2019	83.0	−19.4%	Cons. · Japanese GAAP
FYE Mar 2020	285	+243.4%	Cons. · Japanese GAAP
FYE Mar 2021	92.0	−67.7%	Cons. · Japanese GAAP
FYE Mar 2022	73.0	−20.7%	Cons. · Japanese GAAP
FYE Mar 2023	46.0	−37.0%	Cons. · Japanese GAAP
FYE Mar 2024	86.0	+87.0%	Cons. · Japanese GAAP
FYE Mar 2025	162	+88.4%	Cons. · Japanese GAAP
FYE Mar 2026	133	−17.9%	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 ¥9.3bn

CAGR · 10 yrs −0.1%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	9.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.8	+14.4%	Cons. · Japanese GAAP
FYE Mar 2019	11.3	+5.0%	Cons. · Japanese GAAP
FYE Mar 2020	8.8	−22.2%	Cons. · Japanese GAAP
FYE Mar 2021	-4.9	−155.4%	Cons. · Japanese GAAP
FYE Mar 2022	2.8	n/a	Cons. · Japanese GAAP
FYE Mar 2023	6.9	+144.1%	Cons. · Japanese GAAP
FYE Mar 2024	7.5	+8.5%	Cons. · Japanese GAAP
FYE Mar 2025	8.5	+14.1%	Cons. · Japanese GAAP
FYE Mar 2026	9.3	+9.1%	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 n/a

Average · 7 yrs ¥19.6m

Fiscal year	Extraordinary income ¥ m	YoY	Basis
FYE Mar 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	4.0	+300.0%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2021	67.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	65.0	−3.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2024	0.0	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: 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 ¥6.1bn

CAGR · 10 yrs +1.8%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	5.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.2	+1.1%	Cons. · Japanese GAAP
FYE Mar 2019	6.4	+22.3%	Cons. · Japanese GAAP
FYE Mar 2020	3.5	−45.1%	Cons. · Japanese GAAP
FYE Mar 2021	-7.2	−304.3%	Cons. · Japanese GAAP
FYE Mar 2022	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	4.3	+493.0%	Cons. · Japanese GAAP
FYE Mar 2024	4.9	+12.3%	Cons. · Japanese GAAP
FYE Mar 2025	4.3	−12.2%	Cons. · Japanese GAAP
FYE Mar 2026	6.1	+42.7%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 52.4%

Average · 10 yrs 50.8%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	51.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	51.5	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	51.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	50.8	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	45.2	−5.6pp	Cons. · Japanese GAAP
FYE Mar 2022	49.9	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2023	51.6	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2024	51.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	52.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	52.4	+0.3pp	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 5.5%

Average · 10 yrs 4.2%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	6.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.8	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	7.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	5.6	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	-5.4	−11.0pp	Cons. · Japanese GAAP
FYE Mar 2022	1.4	+6.9pp	Cons. · Japanese GAAP
FYE Mar 2023	4.9	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2024	5.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	5.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	5.5	+0.3pp	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 5.7%

Average · 10 yrs 4.7%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.0	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	7.1	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	5.6	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2021	-4.0	−9.6pp	Cons. · Japanese GAAP
FYE Mar 2022	2.4	+6.4pp	Cons. · Japanese GAAP
FYE Mar 2023	5.3	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2024	5.6	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	5.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	5.7	−0.0pp	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 3.7%

Average · 10 yrs 2.1%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	3.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.4	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	4.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	2.2	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	-5.9	−8.2pp	Cons. · Japanese GAAP
FYE Mar 2022	0.6	+6.5pp	Cons. · Japanese GAAP
FYE Mar 2023	3.3	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2024	3.6	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	2.8	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	3.7	+0.9pp	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 47.6%

Average · 10 yrs 49.2%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	49.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	48.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	48.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	49.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	54.8	+5.6pp	Cons. · Japanese GAAP
FYE Mar 2022	50.1	−4.7pp	Cons. · Japanese GAAP
FYE Mar 2023	48.4	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2024	48.3	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	47.9	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	47.6	−0.3pp	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 46.8%

Average · 10 yrs 46.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	44.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	44.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	44.5	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	45.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	50.6	+5.4pp	Cons. · Japanese GAAP
FYE Mar 2022	48.5	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2023	46.7	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2024	46.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	46.8	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	46.8	−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 ¥72bn

CAGR · 10 yrs +0.6%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	67.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	67.1	−1.0%	Cons. · Japanese GAAP
FYE Mar 2019	70.7	+5.4%	Cons. · Japanese GAAP
FYE Mar 2020	70.0	−1.0%	Cons. · Japanese GAAP
FYE Mar 2021	63.6	−9.1%	Cons. · Japanese GAAP
FYE Mar 2022	59.7	−6.2%	Cons. · Japanese GAAP
FYE Mar 2023	61.2	+2.5%	Cons. · Japanese GAAP
FYE Mar 2024	60.2	−1.6%	Cons. · Japanese GAAP
FYE Mar 2025	70.1	+16.5%	Cons. · Japanese GAAP
FYE Mar 2026	71.5	+1.9%	Cons. · Japanese GAAP

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

Equity net assets, shareholders' equity

FYE Mar 2026 ¥42bn

CAGR · 10 yrs +3.6%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	30.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.6	+9.8%	Cons. · Japanese GAAP
FYE Mar 2019	37.8	+12.4%	Cons. · Japanese GAAP
FYE Mar 2020	38.6	+2.2%	Cons. · Japanese GAAP
FYE Mar 2021	29.8	−22.8%	Cons. · Japanese GAAP
FYE Mar 2022	30.1	+0.8%	Cons. · Japanese GAAP
FYE Mar 2023	33.7	+12.1%	Cons. · Japanese GAAP
FYE Mar 2024	35.0	+3.9%	Cons. · Japanese GAAP
FYE Mar 2025	37.8	+8.0%	Cons. · Japanese GAAP
FYE Mar 2026	42.1	+11.4%	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 ¥1.9bn

CAGR · 10 yrs −16.7%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	9.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.0	−69.4%	Cons. · Japanese GAAP
FYE Mar 2019	2.1	−30.0%	Cons. · Japanese GAAP
FYE Mar 2020	4.6	+119.0%	Cons. · Japanese GAAP
FYE Mar 2021	15.6	+239.1%	Cons. · Japanese GAAP
FYE Mar 2022	7.8	−50.0%	Cons. · Japanese GAAP
FYE Mar 2023	2.5	−67.9%	Cons. · Japanese GAAP
FYE Mar 2024	0.2	−91.9%	Cons. · Japanese GAAP
FYE Mar 2025	1.0	+408.9%	Cons. · Japanese GAAP
FYE Mar 2026	1.9	+84.8%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Mar 2026 ¥1.9bn

CAGR · 10 yrs −12.5%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	6.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.5	−76.2%	Cons. · Japanese GAAP
FYE Mar 2019	2.1	+40.0%	Cons. · Japanese GAAP
FYE Mar 2020	4.6	+119.0%	Cons. · Japanese GAAP
FYE Mar 2021	15.6	+239.1%	Cons. · Japanese GAAP
FYE Mar 2022	7.8	−50.0%	Cons. · Japanese GAAP
FYE Mar 2023	2.5	−67.9%	Cons. · Japanese GAAP
FYE Mar 2024	0.2	−91.9%	Cons. · Japanese GAAP
FYE Mar 2025	1.0	+408.9%	Cons. · Japanese GAAP
FYE Mar 2026	1.9	+84.8%	Cons. · Japanese GAAP

Definition: Borrowings repayable within a year
Formula: Short-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥4.9bn

CAGR · 10 yrs +10.7%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.3	+17.6%	Cons. · Japanese GAAP
FYE Mar 2019	2.8	+20.5%	Cons. · Japanese GAAP
FYE Mar 2020	2.8	+2.0%	Cons. · Japanese GAAP
FYE Mar 2021	1.8	−36.6%	Cons. · Japanese GAAP
FYE Mar 2022	1.4	−24.6%	Cons. · Japanese GAAP
FYE Mar 2023	1.7	+24.0%	Cons. · Japanese GAAP
FYE Mar 2024	3.2	+90.8%	Cons. · Japanese GAAP
FYE Mar 2025	5.8	+80.9%	Cons. · Japanese GAAP
FYE Mar 2026	4.9	−15.4%	Cons. · Japanese GAAP

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

Equity ratio

FYE Mar 2026 58.9%

Average · 10 yrs 52.7%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	45.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	50.1	+5.0pp	Cons. · Japanese GAAP
FYE Mar 2019	53.5	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2020	55.2	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2021	46.9	−8.3pp	Cons. · Japanese GAAP
FYE Mar 2022	50.4	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2023	55.1	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2024	58.2	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2025	53.9	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2026	58.9	+5.0pp	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 4.5%

Average · 10 yrs 15.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	32.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.9	−23.1pp	Cons. · Japanese GAAP
FYE Mar 2019	5.6	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2020	11.9	+6.4pp	Cons. · Japanese GAAP
FYE Mar 2021	52.3	+40.4pp	Cons. · Japanese GAAP
FYE Mar 2022	25.9	−26.3pp	Cons. · Japanese GAAP
FYE Mar 2023	7.4	−18.5pp	Cons. · Japanese GAAP
FYE Mar 2024	0.6	−6.9pp	Cons. · Japanese GAAP
FYE Mar 2025	2.7	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2026	4.5	+1.8pp	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 14.5%

Average · 10 yrs 9.0%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	16.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.6	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	17.0	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	9.1	−7.8pp	Cons. · Japanese GAAP
FYE Mar 2021	-24.1	−33.2pp	Cons. · Japanese GAAP
FYE Mar 2022	2.4	+26.5pp	Cons. · Japanese GAAP
FYE Mar 2023	12.9	+10.4pp	Cons. · Japanese GAAP
FYE Mar 2024	13.9	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2025	11.3	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2026	14.5	+3.2pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 8.5%

Average · 10 yrs 4.9%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	9.1	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	5.0	−4.0pp	Cons. · Japanese GAAP
FYE Mar 2021	-11.3	−16.3pp	Cons. · Japanese GAAP
FYE Mar 2022	1.2	+12.5pp	Cons. · Japanese GAAP
FYE Mar 2023	7.1	+5.9pp	Cons. · Japanese GAAP
FYE Mar 2024	8.1	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2025	6.1	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2026	8.5	+2.4pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 2.30×

CAGR · 10 yrs +0.8%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	2.15	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.30	+7.2%	Cons. · Japanese GAAP
FYE Mar 2019	2.25	−2.4%	Cons. · Japanese GAAP
FYE Mar 2020	2.25	+0.1%	Cons. · Japanese GAAP
FYE Mar 2021	1.91	−14.9%	Cons. · Japanese GAAP
FYE Mar 2022	1.98	+3.6%	Cons. · Japanese GAAP
FYE Mar 2023	2.13	+7.3%	Cons. · Japanese GAAP
FYE Mar 2024	2.23	+4.9%	Cons. · Japanese GAAP
FYE Mar 2025	2.15	−3.5%	Cons. · Japanese GAAP
FYE Mar 2026	2.30	+7.0%	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 ¥5.6bn

CAGR · 10 yrs +1.5%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	4.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.9	+186.3%	Cons. · Japanese GAAP
FYE Mar 2019	9.1	−34.4%	Cons. · Japanese GAAP
FYE Mar 2020	5.5	−39.7%	Cons. · Japanese GAAP
FYE Mar 2021	-4.3	−177.6%	Cons. · Japanese GAAP
FYE Mar 2022	6.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	10.3	+48.9%	Cons. · Japanese GAAP
FYE Mar 2024	6.3	−38.2%	Cons. · Japanese GAAP
FYE Mar 2025	7.1	+11.9%	Cons. · Japanese GAAP
FYE Mar 2026	5.6	−21.8%	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 -¥9.6bn

Average · 10 yrs -¥4.0bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-4.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-2.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-5.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-4.1	n/a	Cons. · Japanese GAAP
FYE Mar 2022	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-1.3	−683.7%	Cons. · Japanese GAAP
FYE Mar 2024	-2.7	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-6.2	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-9.6	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 ¥0.8bn

Average · 10 yrs -¥2.7bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-10.8	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-1.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	9.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-8.0	−186.3%	Cons. · Japanese GAAP
FYE Mar 2023	-6.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-5.8	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2026	0.8	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 ¥3.4bn

CAGR · 10 yrs −5.3%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	5.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.3	+11.9%	Cons. · Japanese GAAP
FYE Mar 2019	5.8	−7.3%	Cons. · Japanese GAAP
FYE Mar 2020	5.7	−1.9%	Cons. · Japanese GAAP
FYE Mar 2021	6.6	+15.3%	Cons. · Japanese GAAP
FYE Mar 2022	5.6	−15.3%	Cons. · Japanese GAAP
FYE Mar 2023	8.6	+53.1%	Cons. · Japanese GAAP
FYE Mar 2024	6.5	−24.2%	Cons. · Japanese GAAP
FYE Mar 2025	6.7	+2.6%	Cons. · Japanese GAAP
FYE Mar 2026	3.4	−48.2%	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 -¥4.1bn

Average · 10 yrs ¥2.5bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.5	+3120.2%	Cons. · Japanese GAAP
FYE Mar 2019	3.2	−72.0%	Cons. · Japanese GAAP
FYE Mar 2020	1.8	−42.7%	Cons. · Japanese GAAP
FYE Mar 2021	-8.4	−553.4%	Cons. · Japanese GAAP
FYE Mar 2022	7.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	9.0	+26.7%	Cons. · Japanese GAAP
FYE Mar 2024	3.7	−59.1%	Cons. · Japanese GAAP
FYE Mar 2025	0.9	−76.7%	Cons. · Japanese GAAP
FYE Mar 2026	-4.1	−575.5%	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 3.4%

Average · 10 yrs 4.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	3.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.0	+5.7pp	Cons. · Japanese GAAP
FYE Mar 2019	5.8	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2020	3.5	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2021	-3.5	−7.0pp	Cons. · Japanese GAAP
FYE Mar 2022	5.8	+9.3pp	Cons. · Japanese GAAP
FYE Mar 2023	7.9	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2024	4.7	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2025	4.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	3.4	−1.3pp	Cons. · Japanese GAAP

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

Net cash

FYE Mar 2026 ¥1.5bn

Average · 10 yrs ¥1.2bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-4.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.3	n/a	Cons. · Japanese GAAP
FYE Mar 2019	3.7	+13.3%	Cons. · Japanese GAAP
FYE Mar 2020	1.1	−69.9%	Cons. · Japanese GAAP
FYE Mar 2021	-9.0	−898.9%	Cons. · Japanese GAAP
FYE Mar 2022	-2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	6.1	n/a	Cons. · Japanese GAAP
FYE Mar 2024	6.3	+3.7%	Cons. · Japanese GAAP
FYE Mar 2025	5.6	−10.5%	Cons. · Japanese GAAP
FYE Mar 2026	1.5	−72.5%	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 ¥73bn

Change · 9 yrs −¥29bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	102	n/a
FYE Mar 2018	124	n/a
FYE Mar 2019	116	n/a
FYE Mar 2020	49.1	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	55.0	n/a
FYE Mar 2023	58.0	n/a
FYE Mar 2024	60.4	n/a
FYE Mar 2025	63.7	n/a
FYE Mar 2026	72.9	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 2,413¥

Change · 9 yrs −957¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	3,369	n/a
FYE Mar 2018	4,109	n/a
FYE Mar 2019	3,845	n/a
FYE Mar 2020	1,626	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	1,820	n/a
FYE Mar 2023	1,920	n/a
FYE Mar 2024	2,000	n/a
FYE Mar 2025	2,110	n/a
FYE Mar 2026	2,413	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 30,213,676shares

Change · 10 yrs −0 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	30,213,676	Parent
FYE Mar 2018	30,213,676	Parent
FYE Mar 2019	30,213,676	Parent
FYE Mar 2020	30,213,676	Parent
FYE Mar 2021	30,213,676	Parent
FYE Mar 2022	30,213,676	Parent
FYE Mar 2023	30,213,676	Parent
FYE Mar 2024	30,213,676	Parent
FYE Mar 2025	30,213,676	Parent
FYE Mar 2026	30,213,676	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 221.34¥

Change · 10 yrs +46.77¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	174.57	Cons.
FYE Mar 2018	185.08	Cons.
FYE Mar 2019	226.20	Cons.
FYE Mar 2020	124.15	Cons.
FYE Mar 2021	-252.74	Cons.
FYE Mar 2022	25.71	Cons.
FYE Mar 2023	152.37	Cons.
FYE Mar 2024	175.43	Cons.
FYE Mar 2025	155.13	Cons.
FYE Mar 2026	221.34	Cons.

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

BPS book value per share

FYE Mar 2026 1,394.57¥

Change · 10 yrs +380.75¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,013.81	Cons. · Japanese GAAP
FYE Mar 2018	1,113.50	Cons. · Japanese GAAP
FYE Mar 2019	1,252.05	Cons. · Japanese GAAP
FYE Mar 2020	1,279.12	Cons. · Japanese GAAP
FYE Mar 2021	987.76	Cons. · Japanese GAAP
FYE Mar 2022	995.21	Cons. · Japanese GAAP
FYE Mar 2023	1,115.46	Cons. · Japanese GAAP
FYE Mar 2024	1,159.41	Cons. · Japanese GAAP
FYE Mar 2025	1,251.78	Cons. · Japanese GAAP
FYE Mar 2026	1,394.57	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 10.90×

Average · 9 yrs 21.21×

Fiscal year	PER ×	Basis
FYE Mar 2017	19.30	Cons.
FYE Mar 2018	22.20	Cons.
FYE Mar 2019	17.00	Cons.
FYE Mar 2020	13.10	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	70.80	Cons.
FYE Mar 2023	12.60	Cons.
FYE Mar 2024	11.40	Cons.
FYE Mar 2025	13.60	Cons.
FYE Mar 2026	10.90	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 1.58×

Average · 9 yrs 2.08×

Fiscal year	PBR ×	Basis
FYE Mar 2017	3.12	Cons.
FYE Mar 2018	3.46	Cons.
FYE Mar 2019	2.88	Cons.
FYE Mar 2020	1.19	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	1.72	Cons.
FYE Mar 2023	1.62	Cons.
FYE Mar 2024	1.58	Cons.
FYE Mar 2025	1.54	Cons.
FYE Mar 2026	1.58	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 3,904people

Change · 10 yrs −523 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	4,427	n/a	Cons.
FYE Mar 2018	4,518	+2.1%	Cons.
FYE Mar 2019	4,605	+1.9%	Cons.
FYE Mar 2020	4,848	+5.3%	Cons.
FYE Mar 2021	4,641	−4.3%	Cons.
FYE Mar 2022	4,213	−9.2%	Cons.
FYE Mar 2023	3,915	−7.1%	Cons.
FYE Mar 2024	3,980	+1.7%	Cons.
FYE Mar 2025	4,096	+2.9%	Cons.
FYE Mar 2026	3,904	−4.7%	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 3,825people

Change · 10 yrs −34 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	3,859	n/a	Parent
FYE Mar 2018	3,970	+2.9%	Parent
FYE Mar 2019	3,924	−1.2%	Parent
FYE Mar 2020	4,182	+6.6%	Parent
FYE Mar 2021	4,214	+0.8%	Parent
FYE Mar 2022	3,826	−9.2%	Parent
FYE Mar 2023	3,575	−6.6%	Parent
FYE Mar 2024	3,646	+2.0%	Parent
FYE Mar 2025	3,750	+2.9%	Parent
FYE Mar 2026	3,825	+2.0%	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 502万円

Change · 8 yrs +38万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	464	n/a	Parent
FYE Mar 2020	488	+5.1%	Parent
FYE Mar 2021	406	−16.8%	Parent
FYE Mar 2022	405	−0.1%	Parent
FYE Mar 2023	430	+6.0%	Parent
FYE Mar 2024	470	+9.4%	Parent
FYE Mar 2025	481	+2.2%	Parent
FYE Mar 2026	502	+4.4%	Parent

Definition: Average total annual compensation, bonuses included
Formula: Average annual pay, from the employee section of the filing
Source: Securities report (XBRL)

Average age

FYE Mar 2026 35.7years

Change · 8 yrs +3.7 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	32.0	n/a	Parent
FYE Mar 2020	32.0	−0.0%	Parent
FYE Mar 2021	33.0	+3.1%	Parent
FYE Mar 2022	34.0	+3.0%	Parent
FYE Mar 2023	35.1	+3.2%	Parent
FYE Mar 2024	35.3	+0.6%	Parent
FYE Mar 2025	35.5	+0.6%	Parent
FYE Mar 2026	35.7	+0.6%	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 10.2years

Change · 8 yrs +3.0 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	7.2	n/a	Parent
FYE Mar 2020	7.0	−2.8%	Parent
FYE Mar 2021	7.0	−0.0%	Parent
FYE Mar 2022	9.0	+28.6%	Parent
FYE Mar 2023	9.7	+7.8%	Parent
FYE Mar 2024	9.8	+1.0%	Parent
FYE Mar 2025	9.9	+1.0%	Parent
FYE Mar 2026	10.2	+3.0%	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 504people

Change · 10 yrs −234 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	738	n/a	n/a
FYE Mar 2018	732	−0.8%	n/a
FYE Mar 2019	731	−0.1%	n/a
FYE Mar 2020	820	+12.2%	n/a
FYE Mar 2021	418	−49.0%	n/a
FYE Mar 2022	355	−15.1%	n/a
FYE Mar 2023	359	+1.1%	n/a
FYE Mar 2024	488	+35.9%	n/a
FYE Mar 2025	603	+23.6%	n/a
FYE Mar 2026	504	−16.4%	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 ¥42.2m

Change · 10 yrs +¥9.3m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	32.9	n/a	Cons.
FYE Mar 2018	34.2	+4.0%	Cons.
FYE Mar 2019	34.5	+1.0%	Cons.
FYE Mar 2020	32.5	−5.9%	Cons.
FYE Mar 2021	26.2	−19.2%	Cons.
FYE Mar 2022	28.1	+7.1%	Cons.
FYE Mar 2023	33.2	+18.3%	Cons.
FYE Mar 2024	33.7	+1.5%	Cons.
FYE Mar 2025	36.8	+9.2%	Cons.
FYE Mar 2026	42.2	+14.4%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥2.3m

Change · 10 yrs +¥0.3m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.1	n/a	Cons.
FYE Mar 2018	2.3	+12.5%	Cons.
FYE Mar 2019	2.4	+3.2%	Cons.
FYE Mar 2020	1.8	−24.8%	Cons.
FYE Mar 2021	-1.4	−178.9%	Cons.
FYE Mar 2022	0.4	n/a	Cons.
FYE Mar 2023	1.6	+306.8%	Cons.
FYE Mar 2024	1.7	+4.2%	Cons.
FYE Mar 2025	1.9	+15.1%	Cons.
FYE Mar 2026	2.3	+19.9%	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 →

Data API

United Arrows’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/7606/company.json ·/api/7606/history.json ·/api/7606/ceo.json ·/api/7606/financials.json ·/api/7606/financials/segment.json ·/api/7606/financials/pl.json ·/api/7606/financials/cf.json ·/api/7606/financials/bs.json ·/api/7606/financials/employee.json ·/api/7606/financials/stock.json ·/api/7606/financials.csv ·/api/7606/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json