Financials

Nakanishi: FYE Dec 2025 and ten years of results (51 metrics)

FYE Dec 2025 · Revenue¥81bnYoY +5.4%

FYE Dec 2025 · Operating profit¥14bnYoY −3.5%

FYE Dec 2025 · Net profit-¥2.4bnYoY −128.0%

FYE Dec 2025 · Equity ratio71.2%YoY −5.3pp

FYE Dec 2025 · Group employees2,204YoY +24

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Dec 2016Consolidated	¥32bn	n/a	¥8.5bn	n/a	26.6%	¥5.3bn	Nakanishi Eiichi	—
FYE Dec 2017Consolidated	¥34bn	+7.9%	¥9.5bn	+11.9%	27.6%	¥7.3bn	Nakanishi Eiichi	—
FYE Dec 2018Consolidated	¥37bn	+6.4%	¥9.7bn	+2.7%	26.6%	¥7.6bn	Nakanishi Eiichi	—
FYE Dec 2019Consolidated	¥35bn	−3.1%	¥9.3bn	−4.3%	26.3%	¥7.1bn	Nakanishi Eiichi	—
FYE Dec 2020Consolidated	¥33bn	−6.7%	¥8.5bn	−8.1%	25.8%	¥6.5bn	Nakanishi Eiichi	Stake in DCI International (US) — equity-method affiliate
FYE Dec 2021Consolidated	¥45bn	+35.7%	¥14bn	+61.0%	30.7%	¥10bn	Nakanishi Eiichi	—
FYE Dec 2022Consolidated	¥49bn	+8.5%	¥15bn	+11.9%	31.6%	¥12bn	Nakanishi Eiichi	Alfred Jäger (Germany), high-frequency spindles
FYE Dec 2023Consolidated	¥60bn	+22.6%	¥14bn	−7.4%	23.9%	¥23bn	Nakanishi Eiichi	DCI fully acquired; REFINE (China) consolidated
FYE Dec 2024Consolidated	¥77bn	+29.1%	¥15bn	+2.4%	18.9%	¥8.6bn	Nakanishi Eiichi	—
FYE Dec 2025Consolidated	¥81bn	+5.4%	¥14bn	−3.5%	17.4%	-¥2.4bn	Nakanishi Eiichi	DCI impairment turns the group to a net loss; NV2030 announced

How it compares

Sysmex¥500bnFY2025Operating margin 10.4%Nihon Kohden¥235bnFY2025Operating margin 8.0%

Nakanishi¥81bnFY2025Operating margin 17.4%

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

Where the revenue goes

¥ bn

Cost of sales SG&A Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Dec 2025 ¥81bn

CAGR · 10 yrs +11.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Dec 2016	31.8	n/a	Cons. · Japanese GAAP
FYE Dec 2017	34.3	+7.9%	Cons. · Japanese GAAP
FYE Dec 2018	36.5	+6.4%	Cons. · Japanese GAAP
FYE Dec 2019	35.4	−3.1%	Cons. · Japanese GAAP
FYE Dec 2020	33.1	−6.7%	Cons. · Japanese GAAP
FYE Dec 2021	44.9	+35.7%	Cons. · Japanese GAAP
FYE Dec 2022	48.7	+8.5%	Cons. · Japanese GAAP
FYE Dec 2023	59.7	+22.6%	Cons. · Japanese GAAP
FYE Dec 2024	77.0	+29.1%	Cons. · Japanese GAAP
FYE Dec 2025	81.2	+5.4%	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 Dec 2025 ¥35bn

CAGR · 10 yrs +11.8%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Dec 2016	12.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	13.5	+4.8%	Cons. · Japanese GAAP
FYE Dec 2018	14.9	+9.7%	Cons. · Japanese GAAP
FYE Dec 2019	13.7	−8.1%	Cons. · Japanese GAAP
FYE Dec 2020	13.3	−2.4%	Cons. · Japanese GAAP
FYE Dec 2021	17.6	+31.8%	Cons. · Japanese GAAP
FYE Dec 2022	17.4	−0.6%	Cons. · Japanese GAAP
FYE Dec 2023	23.6	+35.2%	Cons. · Japanese GAAP
FYE Dec 2024	32.6	+38.2%	Cons. · Japanese GAAP
FYE Dec 2025	35.1	+7.7%	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 Dec 2025 ¥46bn

CAGR · 10 yrs +10.4%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Dec 2016	18.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	20.8	+10.0%	Cons. · Japanese GAAP
FYE Dec 2018	21.7	+4.3%	Cons. · Japanese GAAP
FYE Dec 2019	21.8	+0.3%	Cons. · Japanese GAAP
FYE Dec 2020	19.7	−9.3%	Cons. · Japanese GAAP
FYE Dec 2021	27.3	+38.3%	Cons. · Japanese GAAP
FYE Dec 2022	31.2	+14.4%	Cons. · Japanese GAAP
FYE Dec 2023	36.1	+15.6%	Cons. · Japanese GAAP
FYE Dec 2024	44.4	+23.1%	Cons. · Japanese GAAP
FYE Dec 2025	46.1	+3.7%	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 Dec 2025 ¥32bn

CAGR · 10 yrs +13.2%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Dec 2016	10.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	11.3	+8.5%	Cons. · Japanese GAAP
FYE Dec 2018	12.0	+5.6%	Cons. · Japanese GAAP
FYE Dec 2019	12.5	+4.1%	Cons. · Japanese GAAP
FYE Dec 2020	11.2	−10.2%	Cons. · Japanese GAAP
FYE Dec 2021	13.5	+21.1%	Cons. · Japanese GAAP
FYE Dec 2022	15.8	+16.9%	Cons. · Japanese GAAP
FYE Dec 2023	21.8	+37.9%	Cons. · Japanese GAAP
FYE Dec 2024	29.8	+36.5%	Cons. · Japanese GAAP
FYE Dec 2025	32.0	+7.2%	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 Dec 2025 ¥14bn

CAGR · 10 yrs +5.8%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Dec 2016	8.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	9.5	+11.9%	Cons. · Japanese GAAP
FYE Dec 2018	9.7	+2.7%	Cons. · Japanese GAAP
FYE Dec 2019	9.3	−4.3%	Cons. · Japanese GAAP
FYE Dec 2020	8.5	−8.1%	Cons. · Japanese GAAP
FYE Dec 2021	13.8	+61.0%	Cons. · Japanese GAAP
FYE Dec 2022	15.4	+11.9%	Cons. · Japanese GAAP
FYE Dec 2023	14.3	−7.4%	Cons. · Japanese GAAP
FYE Dec 2024	14.6	+2.4%	Cons. · Japanese GAAP
FYE Dec 2025	14.1	−3.5%	Cons. · Japanese GAAP

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

Non-operating income

FYE Dec 2025 ¥3.1bn

CAGR · 10 yrs +29.4%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Dec 2016	0.3	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.9	+202.5%	Cons. · Japanese GAAP
FYE Dec 2018	1.3	+37.5%	Cons. · Japanese GAAP
FYE Dec 2019	0.8	−35.5%	Cons. · Japanese GAAP
FYE Dec 2020	0.4	−44.8%	Cons. · Japanese GAAP
FYE Dec 2021	0.8	+68.7%	Cons. · Japanese GAAP
FYE Dec 2022	2.6	+247.7%	Cons. · Japanese GAAP
FYE Dec 2023	3.1	+18.7%	Cons. · Japanese GAAP
FYE Dec 2024	2.8	−10.1%	Cons. · Japanese GAAP
FYE Dec 2025	3.1	+10.0%	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 Dec 2025 ¥0.2bn

CAGR · 10 yrs −15.7%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Dec 2016	1.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.0	−98.5%	Cons. · Japanese GAAP
FYE Dec 2018	0.3	+1724.0%	Cons. · Japanese GAAP
FYE Dec 2019	0.3	−11.3%	Cons. · Japanese GAAP
FYE Dec 2020	0.4	+34.2%	Cons. · Japanese GAAP
FYE Dec 2021	0.6	+53.0%	Cons. · Japanese GAAP
FYE Dec 2022	0.4	−32.9%	Cons. · Japanese GAAP
FYE Dec 2023	0.2	−51.8%	Cons. · Japanese GAAP
FYE Dec 2024	0.1	−34.1%	Cons. · Japanese GAAP
FYE Dec 2025	0.2	+103.4%	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 Dec 2025 ¥17bn

CAGR · 10 yrs +9.2%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Dec 2016	7.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	10.4	+35.6%	Cons. · Japanese GAAP
FYE Dec 2018	10.7	+3.0%	Cons. · Japanese GAAP
FYE Dec 2019	9.8	−7.8%	Cons. · Japanese GAAP
FYE Dec 2020	8.6	−12.3%	Cons. · Japanese GAAP
FYE Dec 2021	14.0	+61.7%	Cons. · Japanese GAAP
FYE Dec 2022	17.6	+26.5%	Cons. · Japanese GAAP
FYE Dec 2023	17.2	−2.6%	Cons. · Japanese GAAP
FYE Dec 2024	17.3	+0.5%	Cons. · Japanese GAAP
FYE Dec 2025	16.9	−2.0%	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 Dec 2025 ¥0.2bn

CAGR · 10 yrs +67.1%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Dec 2016	0.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.0	+37.3%	Cons. · Japanese GAAP
FYE Dec 2018	0.0	+2017.1%	Cons. · Japanese GAAP
FYE Dec 2019	0.0	−16.8%	Cons. · Japanese GAAP
FYE Dec 2020	0.5	+1158.6%	Cons. · Japanese GAAP
FYE Dec 2021	0.0	−96.6%	Cons. · Japanese GAAP
FYE Dec 2022	0.1	+310.5%	Cons. · Japanese GAAP
FYE Dec 2023	11.7	+16577.5%	Cons. · Japanese GAAP
FYE Dec 2024	0.0	−100.0%	Cons. · Japanese GAAP
FYE Dec 2025	0.2	+187100.0%	Cons. · Japanese GAAP

Definition: One-off gains, such as an asset sale
Formula: Extraordinary income line of the income statement
Source: Securities report (XBRL)

Extraordinary loss

FYE Dec 2025 n/a

CAGR · 7 yrs +29.0%

Fiscal year	Extraordinary loss ¥ m	YoY	Basis
FYE Dec 2016	28.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	58.9	+106.9%	Cons. · Japanese GAAP
FYE Dec 2018	101	+70.9%	Cons. · Japanese GAAP
FYE Dec 2019	16.7	−83.5%	Cons. · Japanese GAAP
FYE Dec 2020	70.6	+324.0%	Cons. · Japanese GAAP
FYE Dec 2021	31.1	−55.9%	Cons. · Japanese GAAP
FYE Dec 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Dec 2023	131	n/a	Cons. · Japanese GAAP
FYE Dec 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Dec 2025	n/a	n/a	Cons. · Japanese GAAP

Definition: One-off losses, such as an impairment or a restructuring charge
Formula: Extraordinary loss line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Dec 2025 -¥2.4bn

Average · 10 yrs ¥8.5bn

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Dec 2016	5.3	n/a	Cons. · Japanese GAAP
FYE Dec 2017	7.3	+38.6%	Cons. · Japanese GAAP
FYE Dec 2018	7.6	+3.4%	Cons. · Japanese GAAP
FYE Dec 2019	7.1	−6.4%	Cons. · Japanese GAAP
FYE Dec 2020	6.5	−9.1%	Cons. · Japanese GAAP
FYE Dec 2021	10.1	+56.5%	Cons. · Japanese GAAP
FYE Dec 2022	12.5	+23.4%	Cons. · Japanese GAAP
FYE Dec 2023	22.8	+82.8%	Cons. · Japanese GAAP
FYE Dec 2024	8.6	−62.4%	Cons. · Japanese GAAP
FYE Dec 2025	-2.4	−128.0%	Cons. · Japanese GAAP

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

Gross margin

FYE Dec 2025 56.7%

Average · 10 yrs 60.0%

Fiscal year	Gross margin %	YoY	Basis
FYE Dec 2016	59.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	60.6	+1.2pp	Cons. · Japanese GAAP
FYE Dec 2018	59.4	−1.2pp	Cons. · Japanese GAAP
FYE Dec 2019	61.4	+2.1pp	Cons. · Japanese GAAP
FYE Dec 2020	59.7	−1.8pp	Cons. · Japanese GAAP
FYE Dec 2021	60.8	+1.2pp	Cons. · Japanese GAAP
FYE Dec 2022	64.1	+3.3pp	Cons. · Japanese GAAP
FYE Dec 2023	60.5	−3.7pp	Cons. · Japanese GAAP
FYE Dec 2024	57.7	−2.8pp	Cons. · Japanese GAAP
FYE Dec 2025	56.7	−0.9pp	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 Dec 2025 17.4%

Average · 10 yrs 25.5%

Fiscal year	Operating margin %	YoY	Basis
FYE Dec 2016	26.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	27.6	+1.0pp	Cons. · Japanese GAAP
FYE Dec 2018	26.6	−1.0pp	Cons. · Japanese GAAP
FYE Dec 2019	26.3	−0.3pp	Cons. · Japanese GAAP
FYE Dec 2020	25.8	−0.4pp	Cons. · Japanese GAAP
FYE Dec 2021	30.7	+4.8pp	Cons. · Japanese GAAP
FYE Dec 2022	31.6	+1.0pp	Cons. · Japanese GAAP
FYE Dec 2023	23.9	−7.7pp	Cons. · Japanese GAAP
FYE Dec 2024	18.9	−4.9pp	Cons. · Japanese GAAP
FYE Dec 2025	17.4	−1.6pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Dec 2025 20.9%

Average · 10 yrs 27.7%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Dec 2016	24.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	30.2	+6.2pp	Cons. · Japanese GAAP
FYE Dec 2018	29.2	−1.0pp	Cons. · Japanese GAAP
FYE Dec 2019	27.8	−1.4pp	Cons. · Japanese GAAP
FYE Dec 2020	26.1	−1.7pp	Cons. · Japanese GAAP
FYE Dec 2021	31.1	+5.0pp	Cons. · Japanese GAAP
FYE Dec 2022	36.3	+5.2pp	Cons. · Japanese GAAP
FYE Dec 2023	28.8	−7.5pp	Cons. · Japanese GAAP
FYE Dec 2024	22.4	−6.4pp	Cons. · Japanese GAAP
FYE Dec 2025	20.9	−1.6pp	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 Dec 2025 -3.0%

Average · 10 yrs 19.3%

Fiscal year	Net margin %	YoY	Basis
FYE Dec 2016	16.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	21.4	+4.7pp	Cons. · Japanese GAAP
FYE Dec 2018	20.8	−0.6pp	Cons. · Japanese GAAP
FYE Dec 2019	20.1	−0.7pp	Cons. · Japanese GAAP
FYE Dec 2020	19.5	−0.5pp	Cons. · Japanese GAAP
FYE Dec 2021	22.5	+3.0pp	Cons. · Japanese GAAP
FYE Dec 2022	25.6	+3.1pp	Cons. · Japanese GAAP
FYE Dec 2023	38.2	+12.6pp	Cons. · Japanese GAAP
FYE Dec 2024	11.1	−27.1pp	Cons. · Japanese GAAP
FYE Dec 2025	-3.0	−14.1pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Dec 2025 43.3%

Average · 10 yrs 40.0%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Dec 2016	40.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	39.4	−1.2pp	Cons. · Japanese GAAP
FYE Dec 2018	40.6	+1.2pp	Cons. · Japanese GAAP
FYE Dec 2019	38.6	−2.1pp	Cons. · Japanese GAAP
FYE Dec 2020	40.3	+1.8pp	Cons. · Japanese GAAP
FYE Dec 2021	39.2	−1.2pp	Cons. · Japanese GAAP
FYE Dec 2022	35.9	−3.3pp	Cons. · Japanese GAAP
FYE Dec 2023	39.5	+3.7pp	Cons. · Japanese GAAP
FYE Dec 2024	42.3	+2.8pp	Cons. · Japanese GAAP
FYE Dec 2025	43.3	+0.9pp	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 Dec 2025 39.4%

Average · 10 yrs 34.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Dec 2016	32.8	n/a	Cons. · Japanese GAAP
FYE Dec 2017	33.0	+0.2pp	Cons. · Japanese GAAP
FYE Dec 2018	32.8	−0.3pp	Cons. · Japanese GAAP
FYE Dec 2019	35.2	+2.4pp	Cons. · Japanese GAAP
FYE Dec 2020	33.8	−1.3pp	Cons. · Japanese GAAP
FYE Dec 2021	30.2	−3.7pp	Cons. · Japanese GAAP
FYE Dec 2022	32.5	+2.3pp	Cons. · Japanese GAAP
FYE Dec 2023	36.6	+4.1pp	Cons. · Japanese GAAP
FYE Dec 2024	38.7	+2.1pp	Cons. · Japanese GAAP
FYE Dec 2025	39.4	+0.7pp	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 Dec 2025 ¥160bn

CAGR · 10 yrs +11.1%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Dec 2016	61.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	69.5	+12.3%	Cons. · Japanese GAAP
FYE Dec 2018	73.3	+5.4%	Cons. · Japanese GAAP
FYE Dec 2019	77.5	+5.8%	Cons. · Japanese GAAP
FYE Dec 2020	82.5	+6.4%	Cons. · Japanese GAAP
FYE Dec 2021	94.5	+14.5%	Cons. · Japanese GAAP
FYE Dec 2022	103	+8.7%	Cons. · Japanese GAAP
FYE Dec 2023	141	+37.2%	Cons. · Japanese GAAP
FYE Dec 2024	158	+12.5%	Cons. · Japanese GAAP
FYE Dec 2025	160	+1.2%	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 Dec 2025 ¥114bn

CAGR · 10 yrs +8.3%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Dec 2016	55.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	63.0	+12.7%	Cons. · Japanese GAAP
FYE Dec 2018	67.1	+6.6%	Cons. · Japanese GAAP
FYE Dec 2019	72.5	+8.0%	Cons. · Japanese GAAP
FYE Dec 2020	76.3	+5.2%	Cons. · Japanese GAAP
FYE Dec 2021	82.9	+8.7%	Cons. · Japanese GAAP
FYE Dec 2022	91.0	+9.8%	Cons. · Japanese GAAP
FYE Dec 2023	113	+24.3%	Cons. · Japanese GAAP
FYE Dec 2024	121	+7.1%	Cons. · Japanese GAAP
FYE Dec 2025	114	−5.9%	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 Dec 2025 ¥19bn

CAGR · 10 yrs +79.1%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Dec 2016	0.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.1	−0.0%	Cons. · Japanese GAAP
FYE Dec 2018	0.1	−0.0%	Cons. · Japanese GAAP
FYE Dec 2019	0.1	−0.0%	Cons. · Japanese GAAP
FYE Dec 2020	0.1	−0.0%	Cons. · Japanese GAAP
FYE Dec 2021	0.1	−0.0%	Cons. · Japanese GAAP
FYE Dec 2022	0.5	+359.0%	Cons. · Japanese GAAP
FYE Dec 2023	11.7	+2440.1%	Cons. · Japanese GAAP
FYE Dec 2024	16.9	+45.0%	Cons. · Japanese GAAP
FYE Dec 2025	19.0	+12.2%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Dec 2025 ¥7.8bn

CAGR · 10 yrs +62.2%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Dec 2016	0.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.1	−0.0%	Cons. · Japanese GAAP
FYE Dec 2018	0.1	−0.0%	Cons. · Japanese GAAP
FYE Dec 2019	0.1	−0.0%	Cons. · Japanese GAAP
FYE Dec 2020	0.1	−0.0%	Cons. · Japanese GAAP
FYE Dec 2021	0.1	−0.0%	Cons. · Japanese GAAP
FYE Dec 2022	0.1	−0.0%	Cons. · Japanese GAAP
FYE Dec 2023	11.5	+11378.7%	Cons. · Japanese GAAP
FYE Dec 2024	13.9	+21.3%	Cons. · Japanese GAAP
FYE Dec 2025	7.8	−44.2%	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 Dec 2025 ¥11bn

CAGR · 4 yrs +214.7%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Dec 2016	n/a	n/a	Cons. · Japanese GAAP
FYE Dec 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Dec 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Dec 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Dec 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Dec 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Dec 2022	0.4	n/a	Cons. · Japanese GAAP
FYE Dec 2023	0.2	−50.0%	Cons. · Japanese GAAP
FYE Dec 2024	3.0	+1559.0%	Cons. · Japanese GAAP
FYE Dec 2025	11.2	+275.9%	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 Dec 2025 ¥21bn

CAGR · 10 yrs +56.8%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Dec 2016	0.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.4	+15.3%	Cons. · Japanese GAAP
FYE Dec 2018	1.0	+130.4%	Cons. · Japanese GAAP
FYE Dec 2019	1.0	−1.9%	Cons. · Japanese GAAP
FYE Dec 2020	1.1	+14.4%	Cons. · Japanese GAAP
FYE Dec 2021	1.3	+21.7%	Cons. · Japanese GAAP
FYE Dec 2022	3.6	+168.6%	Cons. · Japanese GAAP
FYE Dec 2023	38.4	+962.9%	Cons. · Japanese GAAP
FYE Dec 2024	38.2	−0.5%	Cons. · Japanese GAAP
FYE Dec 2025	21.3	−44.3%	Cons. · Japanese GAAP

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

Goodwill

FYE Dec 2025 ¥5.4bn

CAGR · 10 yrs +62.6%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Dec 2016	0.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.0	−36.4%	Cons. · Japanese GAAP
FYE Dec 2018	0.3	+550.5%	Cons. · Japanese GAAP
FYE Dec 2019	0.2	−28.8%	Cons. · Japanese GAAP
FYE Dec 2020	0.2	−19.4%	Cons. · Japanese GAAP
FYE Dec 2021	0.1	−32.8%	Cons. · Japanese GAAP
FYE Dec 2022	1.5	+1267.4%	Cons. · Japanese GAAP
FYE Dec 2023	21.4	+1341.8%	Cons. · Japanese GAAP
FYE Dec 2024	21.4	+0.1%	Cons. · Japanese GAAP
FYE Dec 2025	5.4	−74.8%	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 Dec 2025 71.2%

Average · 10 yrs 86.3%

Fiscal year	Equity ratio %	YoY	Basis
FYE Dec 2016	90.2	n/a	Cons. · Japanese GAAP
FYE Dec 2017	90.6	+0.4pp	Cons. · Japanese GAAP
FYE Dec 2018	91.6	+1.0pp	Cons. · Japanese GAAP
FYE Dec 2019	93.5	+1.9pp	Cons. · Japanese GAAP
FYE Dec 2020	92.5	−1.0pp	Cons. · Japanese GAAP
FYE Dec 2021	87.8	−4.7pp	Cons. · Japanese GAAP
FYE Dec 2022	88.7	+0.9pp	Cons. · Japanese GAAP
FYE Dec 2023	80.4	−8.3pp	Cons. · Japanese GAAP
FYE Dec 2024	76.6	−3.8pp	Cons. · Japanese GAAP
FYE Dec 2025	71.2	−5.3pp	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 Dec 2025 16.6%

Average · 10 yrs 4.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Dec 2016	0.2	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.2	−0.0pp	Cons. · Japanese GAAP
FYE Dec 2018	0.1	−0.0pp	Cons. · Japanese GAAP
FYE Dec 2019	0.1	−0.0pp	Cons. · Japanese GAAP
FYE Dec 2020	0.1	−0.0pp	Cons. · Japanese GAAP
FYE Dec 2021	0.1	−0.0pp	Cons. · Japanese GAAP
FYE Dec 2022	0.5	+0.4pp	Cons. · Japanese GAAP
FYE Dec 2023	10.3	+9.8pp	Cons. · Japanese GAAP
FYE Dec 2024	13.9	+3.6pp	Cons. · Japanese GAAP
FYE Dec 2025	16.6	+2.7pp	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 Dec 2025 -2.1%

Average · 10 yrs 10.2%

Fiscal year	ROE %	YoY	Basis
FYE Dec 2016	9.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	11.7	+2.2pp	Cons. · Japanese GAAP
FYE Dec 2018	11.3	−0.4pp	Cons. · Japanese GAAP
FYE Dec 2019	9.8	−1.5pp	Cons. · Japanese GAAP
FYE Dec 2020	8.5	−1.3pp	Cons. · Japanese GAAP
FYE Dec 2021	12.2	+3.7pp	Cons. · Japanese GAAP
FYE Dec 2022	13.7	+1.5pp	Cons. · Japanese GAAP
FYE Dec 2023	20.1	+6.4pp	Cons. · Japanese GAAP
FYE Dec 2024	7.1	−13.1pp	Cons. · Japanese GAAP
FYE Dec 2025	-2.1	−9.2pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Dec 2025 -1.5%

Average · 10 yrs 8.9%

Fiscal year	ROA %	YoY	Basis
FYE Dec 2016	8.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	10.6	+2.0pp	Cons. · Japanese GAAP
FYE Dec 2018	10.4	−0.2pp	Cons. · Japanese GAAP
FYE Dec 2019	9.2	−1.2pp	Cons. · Japanese GAAP
FYE Dec 2020	7.8	−1.3pp	Cons. · Japanese GAAP
FYE Dec 2021	10.7	+2.9pp	Cons. · Japanese GAAP
FYE Dec 2022	12.2	+1.5pp	Cons. · Japanese GAAP
FYE Dec 2023	16.2	+4.0pp	Cons. · Japanese GAAP
FYE Dec 2024	5.4	−10.8pp	Cons. · Japanese GAAP
FYE Dec 2025	-1.5	−6.9pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Dec 2025 0.51×

CAGR · 10 yrs −0.2%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Dec 2016	0.51	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.49	−3.9%	Cons. · Japanese GAAP
FYE Dec 2018	0.50	+0.9%	Cons. · Japanese GAAP
FYE Dec 2019	0.46	−8.4%	Cons. · Japanese GAAP
FYE Dec 2020	0.40	−12.3%	Cons. · Japanese GAAP
FYE Dec 2021	0.47	+18.5%	Cons. · Japanese GAAP
FYE Dec 2022	0.47	−0.1%	Cons. · Japanese GAAP
FYE Dec 2023	0.42	−10.6%	Cons. · Japanese GAAP
FYE Dec 2024	0.49	+14.8%	Cons. · Japanese GAAP
FYE Dec 2025	0.51	+4.1%	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 Dec 2025 ¥17bn

CAGR · 10 yrs +13.4%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Dec 2016	5.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	6.5	+21.2%	Cons. · Japanese GAAP
FYE Dec 2018	8.7	+33.1%	Cons. · Japanese GAAP
FYE Dec 2019	7.0	−19.1%	Cons. · Japanese GAAP
FYE Dec 2020	9.2	+30.8%	Cons. · Japanese GAAP
FYE Dec 2021	12.0	+30.3%	Cons. · Japanese GAAP
FYE Dec 2022	7.8	−35.1%	Cons. · Japanese GAAP
FYE Dec 2023	8.6	+10.2%	Cons. · Japanese GAAP
FYE Dec 2024	15.3	+78.8%	Cons. · Japanese GAAP
FYE Dec 2025	16.6	+8.8%	Cons. · Japanese GAAP

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

Investing cash flow

FYE Dec 2025 -¥8.7bn

Average · 10 yrs -¥5.8bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Dec 2016	0.8	n/a	Cons. · Japanese GAAP
FYE Dec 2017	-5.3	−765.0%	Cons. · Japanese GAAP
FYE Dec 2018	-1.7	n/a	Cons. · Japanese GAAP
FYE Dec 2019	-4.3	n/a	Cons. · Japanese GAAP
FYE Dec 2020	-1.4	n/a	Cons. · Japanese GAAP
FYE Dec 2021	-4.1	n/a	Cons. · Japanese GAAP
FYE Dec 2022	-6.3	n/a	Cons. · Japanese GAAP
FYE Dec 2023	-19.1	n/a	Cons. · Japanese GAAP
FYE Dec 2024	-7.9	n/a	Cons. · Japanese GAAP
FYE Dec 2025	-8.7	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 Dec 2025 ¥0.7bn

Average · 10 yrs -¥1.7bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Dec 2016	-1.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	-1.8	n/a	Cons. · Japanese GAAP
FYE Dec 2018	-2.5	n/a	Cons. · Japanese GAAP
FYE Dec 2019	-2.8	n/a	Cons. · Japanese GAAP
FYE Dec 2020	-2.7	n/a	Cons. · Japanese GAAP
FYE Dec 2021	-4.0	n/a	Cons. · Japanese GAAP
FYE Dec 2022	-6.1	n/a	Cons. · Japanese GAAP
FYE Dec 2023	3.4	n/a	Cons. · Japanese GAAP
FYE Dec 2024	0.6	−82.4%	Cons. · Japanese GAAP
FYE Dec 2025	0.7	+13.5%	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 Dec 2025 ¥46bn

CAGR · 10 yrs +9.2%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Dec 2016	20.7	n/a	Cons. · Japanese GAAP
FYE Dec 2017	20.8	+0.1%	Cons. · Japanese GAAP
FYE Dec 2018	24.9	+20.0%	Cons. · Japanese GAAP
FYE Dec 2019	24.7	−1.0%	Cons. · Japanese GAAP
FYE Dec 2020	30.0	+21.8%	Cons. · Japanese GAAP
FYE Dec 2021	34.9	+16.1%	Cons. · Japanese GAAP
FYE Dec 2022	31.6	−9.3%	Cons. · Japanese GAAP
FYE Dec 2023	26.0	−17.9%	Cons. · Japanese GAAP
FYE Dec 2024	35.2	+35.6%	Cons. · Japanese GAAP
FYE Dec 2025	46.0	+30.5%	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 Dec 2025 ¥8.0bn

CAGR · 10 yrs +2.8%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Dec 2016	6.2	n/a	Cons. · Japanese GAAP
FYE Dec 2017	1.2	−80.9%	Cons. · Japanese GAAP
FYE Dec 2018	7.0	+489.4%	Cons. · Japanese GAAP
FYE Dec 2019	2.7	−61.2%	Cons. · Japanese GAAP
FYE Dec 2020	7.8	+189.0%	Cons. · Japanese GAAP
FYE Dec 2021	7.8	+0.3%	Cons. · Japanese GAAP
FYE Dec 2022	1.5	−81.5%	Cons. · Japanese GAAP
FYE Dec 2023	-10.6	−830.4%	Cons. · Japanese GAAP
FYE Dec 2024	7.4	n/a	Cons. · Japanese GAAP
FYE Dec 2025	8.0	+8.2%	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 Dec 2025 20.5%

Average · 10 yrs 20.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Dec 2016	16.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	19.0	+2.1pp	Cons. · Japanese GAAP
FYE Dec 2018	23.8	+4.8pp	Cons. · Japanese GAAP
FYE Dec 2019	19.8	−3.9pp	Cons. · Japanese GAAP
FYE Dec 2020	27.8	+8.0pp	Cons. · Japanese GAAP
FYE Dec 2021	26.7	−1.1pp	Cons. · Japanese GAAP
FYE Dec 2022	16.0	−10.7pp	Cons. · Japanese GAAP
FYE Dec 2023	14.3	−1.6pp	Cons. · Japanese GAAP
FYE Dec 2024	19.9	+5.5pp	Cons. · Japanese GAAP
FYE Dec 2025	20.5	+0.6pp	Cons. · Japanese GAAP

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

Net cash

FYE Dec 2025 ¥27bn

CAGR · 10 yrs +3.0%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Dec 2016	20.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	20.7	+0.1%	Cons. · Japanese GAAP
FYE Dec 2018	24.8	+20.1%	Cons. · Japanese GAAP
FYE Dec 2019	24.6	−1.0%	Cons. · Japanese GAAP
FYE Dec 2020	29.9	+21.9%	Cons. · Japanese GAAP
FYE Dec 2021	34.8	+16.2%	Cons. · Japanese GAAP
FYE Dec 2022	31.2	−10.3%	Cons. · Japanese GAAP
FYE Dec 2023	14.3	−54.1%	Cons. · Japanese GAAP
FYE Dec 2024	18.3	+28.0%	Cons. · Japanese GAAP
FYE Dec 2025	27.0	+47.4%	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 Dec 2025 n/a

Change · 9 yrs +¥82bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Dec 2016	142	n/a
FYE Dec 2017	185	n/a
FYE Dec 2018	176	n/a
FYE Dec 2019	196	n/a
FYE Dec 2020	213	n/a
FYE Dec 2021	199	n/a
FYE Dec 2022	241	n/a
FYE Dec 2023	225	n/a
FYE Dec 2024	223	n/a
FYE Dec 2025	n/a	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 Dec 2025 n/a

Change · 9 yrs −2,121¥

Fiscal year	Share price ¥	Basis
FYE Dec 2016	4,513	n/a
FYE Dec 2017	5,873	n/a
FYE Dec 2018	1,866	n/a
FYE Dec 2019	2,082	n/a
FYE Dec 2020	2,265	n/a
FYE Dec 2021	2,113	n/a
FYE Dec 2022	2,560	n/a
FYE Dec 2023	2,382	n/a
FYE Dec 2024	2,392	n/a
FYE Dec 2025	n/a	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 Dec 2025 93,418,200shares

Change · 10 yrs +61,998,400 shares

Fiscal year	Shares outstanding shares	Basis
FYE Dec 2016	31,419,800	Parent
FYE Dec 2017	31,419,800	Parent
FYE Dec 2018	94,259,400	Parent
FYE Dec 2019	94,259,400	Parent
FYE Dec 2020	94,259,400	Parent
FYE Dec 2021	94,259,400	Parent
FYE Dec 2022	94,259,400	Parent
FYE Dec 2023	94,259,400	Parent
FYE Dec 2024	93,418,200	Parent
FYE Dec 2025	93,418,200	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 Dec 2025 -28.70¥

Change · 10 yrs −89.85¥

Fiscal year	EPS ¥	Basis
FYE Dec 2016	61.15	Cons.
FYE Dec 2017	84.75	Cons.
FYE Dec 2018	87.59	Cons.
FYE Dec 2019	81.97	Cons.
FYE Dec 2020	74.49	Cons.
FYE Dec 2021	116.73	Cons.
FYE Dec 2022	145.48	Cons.
FYE Dec 2023	267.62	Cons.
FYE Dec 2024	101.37	Cons.
FYE Dec 2025	-28.70	Cons.

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

BPS book value per share

FYE Dec 2025 1,221.12¥

Change · 10 yrs −556.81¥

Fiscal year	BPS ¥	Basis
FYE Dec 2016	1,777.93	Cons. · Japanese GAAP
FYE Dec 2017	2,003.96	Cons. · Japanese GAAP
FYE Dec 2018	712.15	Cons. · Japanese GAAP
FYE Dec 2019	769.12	Cons. · Japanese GAAP
FYE Dec 2020	809.15	Cons. · Japanese GAAP
FYE Dec 2021	879.65	Cons. · Japanese GAAP
FYE Dec 2022	965.59	Cons. · Japanese GAAP
FYE Dec 2023	1,200.46	Cons. · Japanese GAAP
FYE Dec 2024	1,297.28	Cons. · Japanese GAAP
FYE Dec 2025	1,221.12	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Dec 2025 n/a

Average · 9 yrs 21.44×

Fiscal year	PER ×	Basis
FYE Dec 2016	24.60	Cons.
FYE Dec 2017	23.10	Cons.
FYE Dec 2018	21.30	Cons.
FYE Dec 2019	25.40	Cons.
FYE Dec 2020	30.40	Cons.
FYE Dec 2021	18.10	Cons.
FYE Dec 2022	17.60	Cons.
FYE Dec 2023	8.90	Cons.
FYE Dec 2024	23.60	Cons.
FYE Dec 2025	n/a	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 Dec 2025 n/a

Average · 9 yrs 2.29×

Fiscal year	PBR ×	Basis
FYE Dec 2016	2.34	Cons.
FYE Dec 2017	2.70	Cons.
FYE Dec 2018	2.41	Cons.
FYE Dec 2019	2.50	Cons.
FYE Dec 2020	2.58	Cons.
FYE Dec 2021	2.20	Cons.
FYE Dec 2022	2.40	Cons.
FYE Dec 2023	1.80	Cons.
FYE Dec 2024	1.67	Cons.
FYE Dec 2025	n/a	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 Dec 2025 2,204people

Change · 10 yrs +1,250 people

Fiscal year	Group employees people	YoY	Basis
FYE Dec 2016	954	n/a	Cons.
FYE Dec 2017	1,014	+6.3%	Cons.
FYE Dec 2018	1,083	+6.8%	Cons.
FYE Dec 2019	1,159	+7.0%	Cons.
FYE Dec 2020	1,184	+2.2%	Cons.
FYE Dec 2021	1,239	+4.6%	Cons.
FYE Dec 2022	1,478	+19.3%	Cons.
FYE Dec 2023	2,049	+38.6%	Cons.
FYE Dec 2024	2,180	+6.4%	Cons.
FYE Dec 2025	2,204	+1.1%	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 Dec 2025 1,107people

Change · 10 yrs +375 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Dec 2016	732	n/a	Parent
FYE Dec 2017	768	+4.9%	Parent
FYE Dec 2018	806	+4.9%	Parent
FYE Dec 2019	850	+5.5%	Parent
FYE Dec 2020	869	+2.2%	Parent
FYE Dec 2021	906	+4.3%	Parent
FYE Dec 2022	1,004	+10.8%	Parent
FYE Dec 2023	1,060	+5.6%	Parent
FYE Dec 2024	1,100	+3.8%	Parent
FYE Dec 2025	1,107	+0.6%	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 Dec 2025 ¥5.7m

Change · 7 yrs −¥0.1m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Dec 2016	n/a	n/a	Parent
FYE Dec 2017	n/a	n/a	Parent
FYE Dec 2018	n/a	n/a	Parent
FYE Dec 2019	5.8	n/a	Parent
FYE Dec 2020	5.4	−6.0%	Parent
FYE Dec 2021	5.8	+6.7%	Parent
FYE Dec 2022	6.6	+14.0%	Parent
FYE Dec 2023	6.3	−4.6%	Parent
FYE Dec 2024	5.6	−10.6%	Parent
FYE Dec 2025	5.7	+1.3%	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 Dec 2025 41.0years

Change · 7 yrs +0.8 years

Fiscal year	Average age years	YoY	Basis
FYE Dec 2016	n/a	n/a	Parent
FYE Dec 2017	n/a	n/a	Parent
FYE Dec 2018	n/a	n/a	Parent
FYE Dec 2019	40.2	n/a	Parent
FYE Dec 2020	40.3	+0.2%	Parent
FYE Dec 2021	40.6	+0.7%	Parent
FYE Dec 2022	40.6	−0.0%	Parent
FYE Dec 2023	40.3	−0.7%	Parent
FYE Dec 2024	40.5	+0.5%	Parent
FYE Dec 2025	41.0	+1.2%	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 Dec 2025 11.8years

Change · 7 yrs +1.4 years

Fiscal year	Average length of service years	YoY	Basis
FYE Dec 2016	n/a	n/a	Parent
FYE Dec 2017	n/a	n/a	Parent
FYE Dec 2018	n/a	n/a	Parent
FYE Dec 2019	10.4	n/a	Parent
FYE Dec 2020	10.8	+3.8%	Parent
FYE Dec 2021	11.0	+1.9%	Parent
FYE Dec 2022	10.8	−1.8%	Parent
FYE Dec 2023	10.8	−0.0%	Parent
FYE Dec 2024	10.9	+0.9%	Parent
FYE Dec 2025	11.8	+8.3%	Parent

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

Temporary employees

FYE Dec 2025 270people

Change · 10 yrs +17 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Dec 2016	253	n/a	n/a
FYE Dec 2017	280	+10.7%	n/a
FYE Dec 2018	278	−0.7%	n/a
FYE Dec 2019	269	−3.2%	n/a
FYE Dec 2020	250	−7.1%	n/a
FYE Dec 2021	264	+5.6%	n/a
FYE Dec 2022	244	−7.6%	n/a
FYE Dec 2023	261	+7.0%	n/a
FYE Dec 2024	269	+3.1%	n/a
FYE Dec 2025	270	+0.4%	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 Dec 2025 ¥36.8m

Change · 10 yrs +¥3.5m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Dec 2016	33.4	n/a	Cons.
FYE Dec 2017	33.9	+1.5%	Cons.
FYE Dec 2018	33.7	−0.4%	Cons.
FYE Dec 2019	30.6	−9.4%	Cons.
FYE Dec 2020	27.9	−8.6%	Cons.
FYE Dec 2021	36.2	+29.7%	Cons.
FYE Dec 2022	32.9	−9.0%	Cons.
FYE Dec 2023	29.1	−11.5%	Cons.
FYE Dec 2024	35.3	+21.3%	Cons.
FYE Dec 2025	36.8	+4.2%	Cons.

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

Operating profit per employee

FYE Dec 2025 ¥6.4m

Change · 10 yrs −¥2.5m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Dec 2016	8.9	n/a	Cons.
FYE Dec 2017	9.3	+5.3%	Cons.
FYE Dec 2018	9.0	−3.9%	Cons.
FYE Dec 2019	8.0	−10.6%	Cons.
FYE Dec 2020	7.2	−10.1%	Cons.
FYE Dec 2021	11.1	+53.8%	Cons.
FYE Dec 2022	10.4	−6.2%	Cons.
FYE Dec 2023	7.0	−33.2%	Cons.
FYE Dec 2024	6.7	−3.7%	Cons.
FYE Dec 2025	6.4	−4.5%	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 →

Data API

Nakanishi’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/7716/company.json ·/api/7716/history.json ·/api/7716/ceo.json ·/api/7716/financials.json ·/api/7716/financials/segment.json ·/api/7716/financials/pl.json ·/api/7716/financials/cf.json ·/api/7716/financials/bs.json ·/api/7716/financials/employee.json ·/api/7716/financials/stock.json ·/api/7716/financials.csv ·/api/7716/financials_history.csv

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