Financials

Sugi Holdings: FYE Feb 2026 and ten years of results (50 metrics)

FYE Feb 2026 · Revenue¥1.01tnYoY +15.1%

FYE Feb 2026 · Operating profit¥49bnYoY +14.1%

FYE Feb 2026 · Net profit¥45bnYoY +75.1%

FYE Feb 2026 · Equity ratio47.3%YoY −3.4pp

FYE Feb 2026 · Group employees13,417YoY +1,597

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Feb 2017Consolidated	¥431bn	n/a	¥23bn	n/a	5.3%	¥15bn	Masuda Tadashi	Obu Center consolidates head office and distribution
FYE Feb 2018Consolidated	¥457bn	+6.1%	¥25bn	+8.4%	5.4%	¥16bn	Masuda Tadashi	—
FYE Feb 2019Consolidated	¥489bn	+6.9%	¥26bn	+4.3%	5.3%	¥18bn	Sakakibara Eiichi	Capital and business alliance with MedPeer
FYE Feb 2020Consolidated	¥542bn	+11.0%	¥30bn	+15.3%	5.5%	¥21bn	Sakakibara Eiichi	Cocokara Fine talks collapse; acquires HMA and enters nursing care
FYE Feb 2021Consolidated	¥603bn	+11.2%	¥34bn	+14.4%	5.6%	¥21bn	Sakakibara Eiichi	—
FYE Feb 2022Consolidated	¥625bn	+3.8%	¥32bn	−5.6%	5.1%	¥19bn	Sakakibara Eiichi	<a class="en-history_person" href="/tse/7649/executives/ceo/sugiura-katsunori/" hreflang="ja">Sugiura Katsunori</a> becomes president — the second generation
FYE Feb 2023Consolidated	¥668bn	+6.7%	¥32bn	−1.5%	4.7%	¥19bn	Sugiura Katsunori	Moves to the TSE Prime and Nagoya Premier markets
FYE Feb 2024Consolidated	¥744bn	+11.5%	¥37bn	+15.7%	4.9%	¥22bn	Sugiura Katsunori	Hospice alliance, Malaysian joint venture, Nihondo acquisition
FYE Feb 2025Consolidated	¥878bn	+17.9%	¥43bn	+16.2%	4.8%	¥26bn	Sugiura Katsunori	Acquires I&H (Hanshin Chozai) — dispensing revenue +24.9%
FYE Feb 2026Consolidated	¥1.01tn	+15.1%	¥49bn	+14.1%	4.8%	¥45bn	Sugiura Katsunori	I&H becomes wholly owned; sales <span class="en-history_money" data-yen="878000000000" data-year="2024">$5.8B (¥878bn)</span>

How it compares

Tsuruha Holdings¥1.45tnFY2025Operating margin 4.3%

Welcia HoldingsDelisted 2025

Matsukiyococokara & Co.¥1.12tnFY2025Operating margin 7.6%Cosmos Pharmaceutical¥1.10tnFY2026Operating margin 3.9%

Sugi Holdings¥1.01tnFY2025Operating margin 4.8%

Sundrug¥843bnFY2025Operating margin 5.6%

AIN HOLDINGS INC.¥648bnFY2026Operating margin 4.6%

Kusuri no Aoki Holdings¥567bnFY2026Operating margin 4.8%Create SD Holdings¥497bnFY2026Operating margin 4.8%

Kawachiyakuhin¥288bnFY2024Operating margin 2.6%

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 Feb 2026 ¥1.01tn

CAGR · 10 yrs +9.9%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Feb 2017	431	n/a	Cons. · Japanese GAAP
FYE Feb 2018	457	+6.1%	Cons. · Japanese GAAP
FYE Feb 2019	489	+6.9%	Cons. · Japanese GAAP
FYE Feb 2020	542	+11.0%	Cons. · Japanese GAAP
FYE Feb 2021	603	+11.2%	Cons. · Japanese GAAP
FYE Feb 2022	625	+3.8%	Cons. · Japanese GAAP
FYE Feb 2023	668	+6.7%	Cons. · Japanese GAAP
FYE Feb 2024	744	+11.5%	Cons. · Japanese GAAP
FYE Feb 2025	878	+17.9%	Cons. · Japanese GAAP
FYE Feb 2026	1,010	+15.1%	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 Feb 2026 ¥689bn

CAGR · 10 yrs +9.3%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Feb 2017	311	n/a	Cons. · Japanese GAAP
FYE Feb 2018	325	+4.7%	Cons. · Japanese GAAP
FYE Feb 2019	346	+6.4%	Cons. · Japanese GAAP
FYE Feb 2020	380	+9.7%	Cons. · Japanese GAAP
FYE Feb 2021	421	+10.9%	Cons. · Japanese GAAP
FYE Feb 2022	434	+3.0%	Cons. · Japanese GAAP
FYE Feb 2023	465	+7.2%	Cons. · Japanese GAAP
FYE Feb 2024	516	+10.9%	Cons. · Japanese GAAP
FYE Feb 2025	603	+16.9%	Cons. · Japanese GAAP
FYE Feb 2026	689	+14.3%	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 Feb 2026 ¥321bn

CAGR · 10 yrs +11.6%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Feb 2017	120	n/a	Cons. · Japanese GAAP
FYE Feb 2018	132	+9.6%	Cons. · Japanese GAAP
FYE Feb 2019	142	+8.2%	Cons. · Japanese GAAP
FYE Feb 2020	162	+14.0%	Cons. · Japanese GAAP
FYE Feb 2021	182	+12.0%	Cons. · Japanese GAAP
FYE Feb 2022	191	+5.4%	Cons. · Japanese GAAP
FYE Feb 2023	203	+5.8%	Cons. · Japanese GAAP
FYE Feb 2024	229	+13.0%	Cons. · Japanese GAAP
FYE Feb 2025	275	+20.2%	Cons. · Japanese GAAP
FYE Feb 2026	321	+16.8%	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 Feb 2026 ¥273bn

CAGR · 10 yrs +12.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Feb 2017	97.2	n/a	Cons. · Japanese GAAP
FYE Feb 2018	107	+9.9%	Cons. · Japanese GAAP
FYE Feb 2019	116	+9.1%	Cons. · Japanese GAAP
FYE Feb 2020	132	+13.7%	Cons. · Japanese GAAP
FYE Feb 2021	148	+11.5%	Cons. · Japanese GAAP
FYE Feb 2022	159	+8.0%	Cons. · Japanese GAAP
FYE Feb 2023	171	+7.2%	Cons. · Japanese GAAP
FYE Feb 2024	192	+12.5%	Cons. · Japanese GAAP
FYE Feb 2025	232	+20.9%	Cons. · Japanese GAAP
FYE Feb 2026	273	+17.3%	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 Feb 2026 ¥49bn

CAGR · 10 yrs +8.7%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Feb 2017	22.8	n/a	Cons. · Japanese GAAP
FYE Feb 2018	24.8	+8.4%	Cons. · Japanese GAAP
FYE Feb 2019	25.8	+4.3%	Cons. · Japanese GAAP
FYE Feb 2020	29.8	+15.3%	Cons. · Japanese GAAP
FYE Feb 2021	34.0	+14.4%	Cons. · Japanese GAAP
FYE Feb 2022	32.1	−5.6%	Cons. · Japanese GAAP
FYE Feb 2023	31.7	−1.5%	Cons. · Japanese GAAP
FYE Feb 2024	36.6	+15.7%	Cons. · Japanese GAAP
FYE Feb 2025	42.6	+16.2%	Cons. · Japanese GAAP
FYE Feb 2026	48.6	+14.1%	Cons. · Japanese GAAP

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

Non-operating income

FYE Feb 2026 ¥6.0bn

CAGR · 10 yrs +11.1%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Feb 2017	2.3	n/a	Cons. · Japanese GAAP
FYE Feb 2018	2.5	+9.3%	Cons. · Japanese GAAP
FYE Feb 2019	3.1	+20.3%	Cons. · Japanese GAAP
FYE Feb 2020	3.3	+8.3%	Cons. · Japanese GAAP
FYE Feb 2021	3.4	+1.9%	Cons. · Japanese GAAP
FYE Feb 2022	3.1	−7.1%	Cons. · Japanese GAAP
FYE Feb 2023	3.0	−4.7%	Cons. · Japanese GAAP
FYE Feb 2024	3.8	+26.8%	Cons. · Japanese GAAP
FYE Feb 2025	5.2	+38.7%	Cons. · Japanese GAAP
FYE Feb 2026	6.0	+14.1%	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 Feb 2026 ¥4.5bn

CAGR · 10 yrs +15.0%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Feb 2017	1.3	n/a	Cons. · Japanese GAAP
FYE Feb 2018	1.4	+9.3%	Cons. · Japanese GAAP
FYE Feb 2019	1.6	+16.7%	Cons. · Japanese GAAP
FYE Feb 2020	1.6	−2.3%	Cons. · Japanese GAAP
FYE Feb 2021	2.1	+30.3%	Cons. · Japanese GAAP
FYE Feb 2022	2.2	+5.2%	Cons. · Japanese GAAP
FYE Feb 2023	2.2	+3.0%	Cons. · Japanese GAAP
FYE Feb 2024	2.4	+5.1%	Cons. · Japanese GAAP
FYE Feb 2025	5.8	+146.0%	Cons. · Japanese GAAP
FYE Feb 2026	4.5	−22.8%	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 Feb 2026 ¥50bn

CAGR · 10 yrs +8.6%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Feb 2017	23.9	n/a	Cons. · Japanese GAAP
FYE Feb 2018	25.9	+8.5%	Cons. · Japanese GAAP
FYE Feb 2019	27.2	+5.2%	Cons. · Japanese GAAP
FYE Feb 2020	31.5	+15.6%	Cons. · Japanese GAAP
FYE Feb 2021	35.3	+12.3%	Cons. · Japanese GAAP
FYE Feb 2022	33.1	−6.4%	Cons. · Japanese GAAP
FYE Feb 2023	32.4	−2.1%	Cons. · Japanese GAAP
FYE Feb 2024	38.0	+17.4%	Cons. · Japanese GAAP
FYE Feb 2025	42.0	+10.4%	Cons. · Japanese GAAP
FYE Feb 2026	50.1	+19.2%	Cons. · Japanese GAAP

Definition: A level of profit that exists only under Japanese GAAP
Formula: Operating profit + non-operating income − non-operating expenses
Source: Securities report (XBRL)

Extraordinary income

FYE Feb 2026 ¥1.0bn

CAGR · 3 yrs −1.6%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Feb 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2023	1.0	n/a	Cons. · Japanese GAAP
FYE Feb 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2025	1.3	n/a	Cons. · Japanese GAAP
FYE Feb 2026	1.0	−25.6%	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 Feb 2026 ¥45bn

CAGR · 10 yrs +13.0%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Feb 2017	14.9	n/a	Cons. · Japanese GAAP
FYE Feb 2018	16.4	+9.8%	Cons. · Japanese GAAP
FYE Feb 2019	17.9	+9.3%	Cons. · Japanese GAAP
FYE Feb 2020	20.8	+15.8%	Cons. · Japanese GAAP
FYE Feb 2021	21.1	+1.6%	Cons. · Japanese GAAP
FYE Feb 2022	19.4	−8.2%	Cons. · Japanese GAAP
FYE Feb 2023	19.0	−2.0%	Cons. · Japanese GAAP
FYE Feb 2024	22.0	+15.6%	Cons. · Japanese GAAP
FYE Feb 2025	25.7	+16.9%	Cons. · Japanese GAAP
FYE Feb 2026	45.0	+75.1%	Cons. · Japanese GAAP

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

Gross margin

FYE Feb 2026 31.8%

Average · 10 yrs 30.1%

Fiscal year	Gross margin %	YoY	Basis
FYE Feb 2017	27.9	n/a	Cons. · Japanese GAAP
FYE Feb 2018	28.8	+0.9pp	Cons. · Japanese GAAP
FYE Feb 2019	29.1	+0.3pp	Cons. · Japanese GAAP
FYE Feb 2020	29.9	+0.8pp	Cons. · Japanese GAAP
FYE Feb 2021	30.1	+0.2pp	Cons. · Japanese GAAP
FYE Feb 2022	30.6	+0.5pp	Cons. · Japanese GAAP
FYE Feb 2023	30.3	−0.3pp	Cons. · Japanese GAAP
FYE Feb 2024	30.7	+0.4pp	Cons. · Japanese GAAP
FYE Feb 2025	31.3	+0.6pp	Cons. · Japanese GAAP
FYE Feb 2026	31.8	+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 Feb 2026 4.8%

Average · 10 yrs 5.2%

Fiscal year	Operating margin %	YoY	Basis
FYE Feb 2017	5.3	n/a	Cons. · Japanese GAAP
FYE Feb 2018	5.4	+0.1pp	Cons. · Japanese GAAP
FYE Feb 2019	5.3	−0.1pp	Cons. · Japanese GAAP
FYE Feb 2020	5.5	+0.2pp	Cons. · Japanese GAAP
FYE Feb 2021	5.6	+0.2pp	Cons. · Japanese GAAP
FYE Feb 2022	5.1	−0.5pp	Cons. · Japanese GAAP
FYE Feb 2023	4.7	−0.4pp	Cons. · Japanese GAAP
FYE Feb 2024	4.9	+0.2pp	Cons. · Japanese GAAP
FYE Feb 2025	4.8	−0.1pp	Cons. · Japanese GAAP
FYE Feb 2026	4.8	−0.0pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Feb 2026 5.0%

Average · 10 yrs 5.3%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Feb 2017	5.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	5.7	+0.1pp	Cons. · Japanese GAAP
FYE Feb 2019	5.6	−0.1pp	Cons. · Japanese GAAP
FYE Feb 2020	5.8	+0.2pp	Cons. · Japanese GAAP
FYE Feb 2021	5.9	+0.1pp	Cons. · Japanese GAAP
FYE Feb 2022	5.3	−0.6pp	Cons. · Japanese GAAP
FYE Feb 2023	4.9	−0.4pp	Cons. · Japanese GAAP
FYE Feb 2024	5.1	+0.3pp	Cons. · Japanese GAAP
FYE Feb 2025	4.8	−0.3pp	Cons. · Japanese GAAP
FYE Feb 2026	5.0	+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 Feb 2026 4.5%

Average · 10 yrs 3.4%

Fiscal year	Net margin %	YoY	Basis
FYE Feb 2017	3.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	3.6	+0.1pp	Cons. · Japanese GAAP
FYE Feb 2019	3.7	+0.1pp	Cons. · Japanese GAAP
FYE Feb 2020	3.8	+0.2pp	Cons. · Japanese GAAP
FYE Feb 2021	3.5	−0.3pp	Cons. · Japanese GAAP
FYE Feb 2022	3.1	−0.4pp	Cons. · Japanese GAAP
FYE Feb 2023	2.8	−0.3pp	Cons. · Japanese GAAP
FYE Feb 2024	3.0	+0.1pp	Cons. · Japanese GAAP
FYE Feb 2025	2.9	−0.0pp	Cons. · Japanese GAAP
FYE Feb 2026	4.5	+1.5pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Feb 2026 68.2%

Average · 10 yrs 69.9%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Feb 2017	72.1	n/a	Cons. · Japanese GAAP
FYE Feb 2018	71.2	−0.9pp	Cons. · Japanese GAAP
FYE Feb 2019	70.8	−0.4pp	Cons. · Japanese GAAP
FYE Feb 2020	70.0	−0.8pp	Cons. · Japanese GAAP
FYE Feb 2021	69.9	−0.2pp	Cons. · Japanese GAAP
FYE Feb 2022	69.4	−0.5pp	Cons. · Japanese GAAP
FYE Feb 2023	69.7	+0.3pp	Cons. · Japanese GAAP
FYE Feb 2024	69.3	−0.4pp	Cons. · Japanese GAAP
FYE Feb 2025	68.7	−0.6pp	Cons. · Japanese GAAP
FYE Feb 2026	68.2	−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 Feb 2026 27.0%

Average · 10 yrs 24.9%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Feb 2017	22.6	n/a	Cons. · Japanese GAAP
FYE Feb 2018	23.4	+0.8pp	Cons. · Japanese GAAP
FYE Feb 2019	23.8	+0.5pp	Cons. · Japanese GAAP
FYE Feb 2020	24.4	+0.6pp	Cons. · Japanese GAAP
FYE Feb 2021	24.5	+0.1pp	Cons. · Japanese GAAP
FYE Feb 2022	25.5	+1.0pp	Cons. · Japanese GAAP
FYE Feb 2023	25.6	+0.1pp	Cons. · Japanese GAAP
FYE Feb 2024	25.8	+0.2pp	Cons. · Japanese GAAP
FYE Feb 2025	26.5	+0.7pp	Cons. · Japanese GAAP
FYE Feb 2026	27.0	+0.5pp	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 Feb 2026 ¥614bn

CAGR · 10 yrs +11.5%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Feb 2017	231	n/a	Cons. · Japanese GAAP
FYE Feb 2018	254	+10.1%	Cons. · Japanese GAAP
FYE Feb 2019	265	+4.5%	Cons. · Japanese GAAP
FYE Feb 2020	314	+18.2%	Cons. · Japanese GAAP
FYE Feb 2021	346	+10.3%	Cons. · Japanese GAAP
FYE Feb 2022	335	−3.2%	Cons. · Japanese GAAP
FYE Feb 2023	352	+5.1%	Cons. · Japanese GAAP
FYE Feb 2024	391	+11.0%	Cons. · Japanese GAAP
FYE Feb 2025	495	+26.8%	Cons. · Japanese GAAP
FYE Feb 2026	614	+24.1%	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 Feb 2026 ¥290bn

CAGR · 10 yrs +7.7%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Feb 2017	149	n/a	Cons. · Japanese GAAP
FYE Feb 2018	162	+8.9%	Cons. · Japanese GAAP
FYE Feb 2019	167	+2.8%	Cons. · Japanese GAAP
FYE Feb 2020	183	+9.7%	Cons. · Japanese GAAP
FYE Feb 2021	201	+9.8%	Cons. · Japanese GAAP
FYE Feb 2022	214	+6.6%	Cons. · Japanese GAAP
FYE Feb 2023	217	+1.2%	Cons. · Japanese GAAP
FYE Feb 2024	233	+7.8%	Cons. · Japanese GAAP
FYE Feb 2025	251	+7.4%	Cons. · Japanese GAAP
FYE Feb 2026	290	+15.9%	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 Feb 2026 ¥90bn

Average · 4 yrs ¥34bn

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Feb 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2023	0.0	n/a	Cons. · Japanese GAAP
FYE Feb 2024	0.5	n/a	Cons. · Japanese GAAP
FYE Feb 2025	45.1	+8562.8%	Cons. · Japanese GAAP
FYE Feb 2026	90.0	+99.5%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Feb 2026 ¥23bn

CAGR · 3 yrs +750.3%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Feb 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2024	0.3	n/a	Cons. · Japanese GAAP
FYE Feb 2025	43.1	+13529.4%	Cons. · Japanese GAAP
FYE Feb 2026	22.8	−47.0%	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 Feb 2026 ¥67bn

CAGR · 3 yrs +1035.6%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Feb 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2024	0.5	n/a	Cons. · Japanese GAAP
FYE Feb 2025	2.1	+296.2%	Cons. · Japanese GAAP
FYE Feb 2026	67.2	+3155.5%	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 Feb 2026 ¥52bn

CAGR · 10 yrs +36.0%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Feb 2017	3.2	n/a	Cons. · Japanese GAAP
FYE Feb 2018	3.0	−8.5%	Cons. · Japanese GAAP
FYE Feb 2019	3.0	+1.1%	Cons. · Japanese GAAP
FYE Feb 2020	3.5	+18.1%	Cons. · Japanese GAAP
FYE Feb 2021	5.3	+50.4%	Cons. · Japanese GAAP
FYE Feb 2022	6.6	+24.1%	Cons. · Japanese GAAP
FYE Feb 2023	8.1	+22.8%	Cons. · Japanese GAAP
FYE Feb 2024	10.4	+27.5%	Cons. · Japanese GAAP
FYE Feb 2025	52.1	+403.2%	Cons. · Japanese GAAP
FYE Feb 2026	51.5	−1.1%	Cons. · Japanese GAAP

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

Goodwill

FYE Feb 2026 ¥43bn

CAGR · 3 yrs +310.7%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Feb 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2024	2.6	n/a	Cons. · Japanese GAAP
FYE Feb 2025	43.7	+1608.3%	Cons. · Japanese GAAP
FYE Feb 2026	43.1	−1.2%	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 Feb 2026 47.3%

Average · 10 yrs 59.0%

Fiscal year	Equity ratio %	YoY	Basis
FYE Feb 2017	64.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	63.8	−0.7pp	Cons. · Japanese GAAP
FYE Feb 2019	62.7	−1.1pp	Cons. · Japanese GAAP
FYE Feb 2020	58.2	−4.5pp	Cons. · Japanese GAAP
FYE Feb 2021	58.0	−0.2pp	Cons. · Japanese GAAP
FYE Feb 2022	63.9	+5.9pp	Cons. · Japanese GAAP
FYE Feb 2023	61.5	−2.4pp	Cons. · Japanese GAAP
FYE Feb 2024	59.8	−1.8pp	Cons. · Japanese GAAP
FYE Feb 2025	50.6	−9.1pp	Cons. · Japanese GAAP
FYE Feb 2026	47.3	−3.4pp	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 Feb 2026 31.0%

Average · 4 yrs 12.3%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Feb 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2023	0.0	n/a	Cons. · Japanese GAAP
FYE Feb 2024	0.2	+0.2pp	Cons. · Japanese GAAP
FYE Feb 2025	18.0	+17.8pp	Cons. · Japanese GAAP
FYE Feb 2026	31.0	+13.0pp	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 Feb 2026 15.5%

Average · 10 yrs 10.6%

Fiscal year	ROE %	YoY	Basis
FYE Feb 2017	10.0	n/a	Cons. · Japanese GAAP
FYE Feb 2018	10.1	+0.1pp	Cons. · Japanese GAAP
FYE Feb 2019	10.8	+0.6pp	Cons. · Japanese GAAP
FYE Feb 2020	11.4	+0.6pp	Cons. · Japanese GAAP
FYE Feb 2021	10.5	−0.8pp	Cons. · Japanese GAAP
FYE Feb 2022	9.1	−1.5pp	Cons. · Japanese GAAP
FYE Feb 2023	8.8	−0.3pp	Cons. · Japanese GAAP
FYE Feb 2024	9.4	+0.6pp	Cons. · Japanese GAAP
FYE Feb 2025	10.2	+0.8pp	Cons. · Japanese GAAP
FYE Feb 2026	15.5	+5.2pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Feb 2026 7.3%

Average · 10 yrs 6.2%

Fiscal year	ROA %	YoY	Basis
FYE Feb 2017	6.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	6.5	−0.0pp	Cons. · Japanese GAAP
FYE Feb 2019	6.8	+0.3pp	Cons. · Japanese GAAP
FYE Feb 2020	6.6	−0.1pp	Cons. · Japanese GAAP
FYE Feb 2021	6.1	−0.5pp	Cons. · Japanese GAAP
FYE Feb 2022	5.8	−0.3pp	Cons. · Japanese GAAP
FYE Feb 2023	5.4	−0.4pp	Cons. · Japanese GAAP
FYE Feb 2024	5.6	+0.2pp	Cons. · Japanese GAAP
FYE Feb 2025	5.2	−0.4pp	Cons. · Japanese GAAP
FYE Feb 2026	7.3	+2.1pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Feb 2026 1.64×

CAGR · 10 yrs −1.4%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Feb 2017	1.87	n/a	Cons. · Japanese GAAP
FYE Feb 2018	1.80	−3.6%	Cons. · Japanese GAAP
FYE Feb 2019	1.84	+2.3%	Cons. · Japanese GAAP
FYE Feb 2020	1.73	−6.1%	Cons. · Japanese GAAP
FYE Feb 2021	1.74	+0.8%	Cons. · Japanese GAAP
FYE Feb 2022	1.87	+7.2%	Cons. · Japanese GAAP
FYE Feb 2023	1.90	+1.5%	Cons. · Japanese GAAP
FYE Feb 2024	1.91	+0.5%	Cons. · Japanese GAAP
FYE Feb 2025	1.77	−7.0%	Cons. · Japanese GAAP
FYE Feb 2026	1.64	−7.3%	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 Feb 2026 ¥87bn

CAGR · 10 yrs +19.9%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Feb 2017	16.9	n/a	Cons. · Japanese GAAP
FYE Feb 2018	27.6	+63.0%	Cons. · Japanese GAAP
FYE Feb 2019	22.9	−16.9%	Cons. · Japanese GAAP
FYE Feb 2020	45.4	+98.1%	Cons. · Japanese GAAP
FYE Feb 2021	34.0	−25.0%	Cons. · Japanese GAAP
FYE Feb 2022	7.2	−78.9%	Cons. · Japanese GAAP
FYE Feb 2023	38.3	+433.6%	Cons. · Japanese GAAP
FYE Feb 2024	39.0	+2.0%	Cons. · Japanese GAAP
FYE Feb 2025	36.9	−5.4%	Cons. · Japanese GAAP
FYE Feb 2026	86.8	+134.9%	Cons. · Japanese GAAP

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

Investing cash flow

FYE Feb 2026 -¥70bn

Average · 10 yrs -¥29bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Feb 2017	-18.4	n/a	Cons. · Japanese GAAP
FYE Feb 2018	-17.9	n/a	Cons. · Japanese GAAP
FYE Feb 2019	-22.4	n/a	Cons. · Japanese GAAP
FYE Feb 2020	-18.4	n/a	Cons. · Japanese GAAP
FYE Feb 2021	-29.3	n/a	Cons. · Japanese GAAP
FYE Feb 2022	-23.9	n/a	Cons. · Japanese GAAP
FYE Feb 2023	-23.3	n/a	Cons. · Japanese GAAP
FYE Feb 2024	-31.0	n/a	Cons. · Japanese GAAP
FYE Feb 2025	-33.3	n/a	Cons. · Japanese GAAP
FYE Feb 2026	-69.6	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 Feb 2026 ¥41bn

Average · 10 yrs -¥0.3bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Feb 2017	-3.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	-3.4	n/a	Cons. · Japanese GAAP
FYE Feb 2019	-13.9	n/a	Cons. · Japanese GAAP
FYE Feb 2020	-4.9	n/a	Cons. · Japanese GAAP
FYE Feb 2021	-5.3	n/a	Cons. · Japanese GAAP
FYE Feb 2022	-5.3	n/a	Cons. · Japanese GAAP
FYE Feb 2023	-14.2	n/a	Cons. · Japanese GAAP
FYE Feb 2024	-5.3	n/a	Cons. · Japanese GAAP
FYE Feb 2025	11.6	n/a	Cons. · Japanese GAAP
FYE Feb 2026	41.2	+254.3%	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 Feb 2026 ¥111bn

CAGR · 10 yrs +11.6%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Feb 2017	41.4	n/a	Cons. · Japanese GAAP
FYE Feb 2018	47.7	+15.1%	Cons. · Japanese GAAP
FYE Feb 2019	34.3	−28.0%	Cons. · Japanese GAAP
FYE Feb 2020	56.3	+64.2%	Cons. · Japanese GAAP
FYE Feb 2021	55.8	−0.9%	Cons. · Japanese GAAP
FYE Feb 2022	33.8	−39.4%	Cons. · Japanese GAAP
FYE Feb 2023	34.6	+2.3%	Cons. · Japanese GAAP
FYE Feb 2024	37.4	+8.0%	Cons. · Japanese GAAP
FYE Feb 2025	52.7	+41.0%	Cons. · Japanese GAAP
FYE Feb 2026	111	+110.8%	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 Feb 2026 ¥17bn

Average · 10 yrs ¥6.8bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Feb 2017	-1.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	9.7	n/a	Cons. · Japanese GAAP
FYE Feb 2019	0.5	−94.5%	Cons. · Japanese GAAP
FYE Feb 2020	26.9	+4962.2%	Cons. · Japanese GAAP
FYE Feb 2021	4.8	−82.3%	Cons. · Japanese GAAP
FYE Feb 2022	-16.7	−450.3%	Cons. · Japanese GAAP
FYE Feb 2023	15.0	n/a	Cons. · Japanese GAAP
FYE Feb 2024	8.1	−46.3%	Cons. · Japanese GAAP
FYE Feb 2025	3.7	−54.7%	Cons. · Japanese GAAP
FYE Feb 2026	17.1	+368.8%	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 Feb 2026 8.6%

Average · 10 yrs 5.4%

Fiscal year	OCF margin %	YoY	Basis
FYE Feb 2017	3.9	n/a	Cons. · Japanese GAAP
FYE Feb 2018	6.0	+2.1pp	Cons. · Japanese GAAP
FYE Feb 2019	4.7	−1.3pp	Cons. · Japanese GAAP
FYE Feb 2020	8.4	+3.7pp	Cons. · Japanese GAAP
FYE Feb 2021	5.6	−2.7pp	Cons. · Japanese GAAP
FYE Feb 2022	1.1	−4.5pp	Cons. · Japanese GAAP
FYE Feb 2023	5.7	+4.6pp	Cons. · Japanese GAAP
FYE Feb 2024	5.2	−0.5pp	Cons. · Japanese GAAP
FYE Feb 2025	4.2	−1.0pp	Cons. · Japanese GAAP
FYE Feb 2026	8.6	+4.4pp	Cons. · Japanese GAAP

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

Net cash

FYE Feb 2026 ¥21bn

CAGR · 4 yrs −15.2%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Feb 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2023	34.6	n/a	Cons. · Japanese GAAP
FYE Feb 2024	36.9	+6.5%	Cons. · Japanese GAAP
FYE Feb 2025	7.6	−79.4%	Cons. · Japanese GAAP
FYE Feb 2026	21.1	+177.7%	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 Feb 2026 ¥680bn

Change · 10 yrs +¥352bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Feb 2017	328	n/a
FYE Feb 2018	372	n/a
FYE Feb 2019	306	n/a
FYE Feb 2020	324	n/a
FYE Feb 2021	470	n/a
FYE Feb 2022	411	n/a
FYE Feb 2023	361	n/a
FYE Feb 2024	445	n/a
FYE Feb 2025	512	n/a
FYE Feb 2026	680	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 Feb 2026 3,579¥

Change · 10 yrs −1,600¥

Fiscal year	Share price ¥	Basis
FYE Feb 2017	5,180	n/a
FYE Feb 2018	5,879	n/a
FYE Feb 2019	4,834	n/a
FYE Feb 2020	5,110	n/a
FYE Feb 2021	7,414	n/a
FYE Feb 2022	6,493	n/a
FYE Feb 2023	5,700	n/a
FYE Feb 2024	7,033	n/a
FYE Feb 2025	2,697	n/a
FYE Feb 2026	3,579	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 Feb 2026 189,992,514shares

Change · 10 yrs +126,661,676 shares

Fiscal year	Shares outstanding shares	Basis
FYE Feb 2017	63,330,838	Parent
FYE Feb 2018	63,330,838	Parent
FYE Feb 2019	63,330,838	Parent
FYE Feb 2020	63,330,838	Parent
FYE Feb 2021	63,330,838	Parent
FYE Feb 2022	63,330,838	Parent
FYE Feb 2023	63,330,838	Parent
FYE Feb 2024	63,330,838	Parent
FYE Feb 2025	189,992,514	Parent
FYE Feb 2026	189,992,514	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 Feb 2026 248.56¥

Change · 10 yrs +12.48¥

Fiscal year	EPS ¥	Basis
FYE Feb 2017	236.08	Cons.
FYE Feb 2018	259.21	Cons.
FYE Feb 2019	287.74	Cons.
FYE Feb 2020	112.07	Cons.
FYE Feb 2021	113.89	Cons.
FYE Feb 2022	104.56	Cons.
FYE Feb 2023	103.82	Cons.
FYE Feb 2024	121.46	Cons.
FYE Feb 2025	141.96	Cons.
FYE Feb 2026	248.56	Cons.

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

BPS book value per share

FYE Feb 2026 1,528.79¥

Change · 10 yrs −820.50¥

Fiscal year	BPS ¥	Basis
FYE Feb 2017	2,349.28	Cons. · Japanese GAAP
FYE Feb 2018	2,558.72	Cons. · Japanese GAAP
FYE Feb 2019	2,630.05	Cons. · Japanese GAAP
FYE Feb 2020	2,885.64	Cons. · Japanese GAAP
FYE Feb 2021	3,167.95	Cons. · Japanese GAAP
FYE Feb 2022	3,377.34	Cons. · Japanese GAAP
FYE Feb 2023	3,419.16	Cons. · Japanese GAAP
FYE Feb 2024	3,684.81	Cons. · Japanese GAAP
FYE Feb 2025	1,319.55	Cons. · Japanese GAAP
FYE Feb 2026	1,528.79	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Feb 2026 14.40×

Average · 10 yrs 19.00×

Fiscal year	PER ×	Basis
FYE Feb 2017	21.94	Cons.
FYE Feb 2018	22.68	Cons.
FYE Feb 2019	16.80	Cons.
FYE Feb 2020	15.20	Cons.
FYE Feb 2021	21.70	Cons.
FYE Feb 2022	20.70	Cons.
FYE Feb 2023	18.30	Cons.
FYE Feb 2024	19.30	Cons.
FYE Feb 2025	19.00	Cons.
FYE Feb 2026	14.40	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 Feb 2026 2.23×

Average · 10 yrs 1.98×

Fiscal year	PBR ×	Basis
FYE Feb 2017	2.20	Cons.
FYE Feb 2018	2.30	Cons.
FYE Feb 2019	1.79	Cons.
FYE Feb 2020	1.73	Cons.
FYE Feb 2021	2.28	Cons.
FYE Feb 2022	1.88	Cons.
FYE Feb 2023	1.59	Cons.
FYE Feb 2024	1.82	Cons.
FYE Feb 2025	1.95	Cons.
FYE Feb 2026	2.23	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 Feb 2026 13,417people

Change · 10 yrs +8,490 people

Fiscal year	Group employees people	YoY	Basis
FYE Feb 2017	4,927	n/a	Cons.
FYE Feb 2018	5,263	+6.8%	Cons.
FYE Feb 2019	5,494	+4.4%	Cons.
FYE Feb 2020	6,182	+12.5%	Cons.
FYE Feb 2021	6,710	+8.5%	Cons.
FYE Feb 2022	7,308	+8.9%	Cons.
FYE Feb 2023	7,727	+5.7%	Cons.
FYE Feb 2024	8,724	+12.9%	Cons.
FYE Feb 2025	11,820	+35.5%	Cons.
FYE Feb 2026	13,417	+13.5%	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 Feb 2026 147people

Change · 10 yrs +116 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Feb 2017	31	n/a	Parent
FYE Feb 2018	7	−77.4%	Parent
FYE Feb 2019	6	−14.3%	Parent
FYE Feb 2020	7	+16.7%	Parent
FYE Feb 2021	5	−28.6%	Parent
FYE Feb 2022	8	+60.0%	Parent
FYE Feb 2023	6	−25.0%	Parent
FYE Feb 2024	2	−66.7%	Parent
FYE Feb 2025	44	+2100.0%	Parent
FYE Feb 2026	147	+234.1%	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 Feb 2026 828万円

Change · 7 yrs +206万円

Fiscal year	Average annual pay 万円	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	622	n/a	Parent
FYE Feb 2021	660	+6.1%	Parent
FYE Feb 2022	729	+10.5%	Parent
FYE Feb 2023	715	−1.9%	Parent
FYE Feb 2024	860	+20.3%	Parent
FYE Feb 2025	881	+2.5%	Parent
FYE Feb 2026	828	−6.1%	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 Feb 2026 44.5years

Change · 7 yrs +0.6 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	43.9	n/a	Parent
FYE Feb 2021	47.5	+8.2%	Parent
FYE Feb 2022	47.2	−0.6%	Parent
FYE Feb 2023	46.5	−1.5%	Parent
FYE Feb 2024	52.9	+13.8%	Parent
FYE Feb 2025	46.0	−13.0%	Parent
FYE Feb 2026	44.5	−3.3%	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 Feb 2026 10.9years

Change · 7 yrs −2.7 years

Fiscal year	Average length of service 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	13.6	n/a	Parent
FYE Feb 2021	14.3	+5.1%	Parent
FYE Feb 2022	15.4	+7.7%	Parent
FYE Feb 2023	15.5	+0.6%	Parent
FYE Feb 2024	7.1	−54.2%	Parent
FYE Feb 2025	8.5	+19.7%	Parent
FYE Feb 2026	10.9	+28.2%	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 Feb 2026 13,950people

Change · 10 yrs +6,228 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Feb 2017	7,722	n/a	n/a
FYE Feb 2018	7,973	+3.3%	n/a
FYE Feb 2019	8,758	+9.8%	n/a
FYE Feb 2020	10,282	+17.4%	n/a
FYE Feb 2021	11,467	+11.5%	n/a
FYE Feb 2022	11,770	+2.6%	n/a
FYE Feb 2023	11,692	−0.7%	n/a
FYE Feb 2024	12,990	+11.1%	n/a
FYE Feb 2025	14,075	+8.4%	n/a
FYE Feb 2026	13,950	−0.9%	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 Feb 2026 ¥75.3m

Change · 10 yrs −¥12.1m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Feb 2017	87.4	n/a	Cons.
FYE Feb 2018	86.9	−0.7%	Cons.
FYE Feb 2019	89.0	+2.4%	Cons.
FYE Feb 2020	87.7	−1.4%	Cons.
FYE Feb 2021	89.8	+2.4%	Cons.
FYE Feb 2022	85.6	−4.7%	Cons.
FYE Feb 2023	86.4	+1.0%	Cons.
FYE Feb 2024	85.3	−1.2%	Cons.
FYE Feb 2025	74.3	−13.0%	Cons.
FYE Feb 2026	75.3	+1.4%	Cons.

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

Operating profit per employee

FYE Feb 2026 ¥3.6m

Change · 10 yrs −¥1.0m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Feb 2017	4.6	n/a	Cons.
FYE Feb 2018	4.7	+1.5%	Cons.
FYE Feb 2019	4.7	−0.1%	Cons.
FYE Feb 2020	4.8	+2.5%	Cons.
FYE Feb 2021	5.1	+5.4%	Cons.
FYE Feb 2022	4.4	−13.3%	Cons.
FYE Feb 2023	4.1	−6.8%	Cons.
FYE Feb 2024	4.2	+2.5%	Cons.
FYE Feb 2025	3.6	−14.2%	Cons.
FYE Feb 2026	3.6	+0.5%	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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