Financials

Tamron: FYE Dec 2025 and ten years of results (49 metrics)

FYE Dec 2025 · Revenue¥85bnYoY −3.8%

FYE Dec 2025 · Operating profit¥17bnYoY −13.3%

FYE Dec 2025 · Net profit¥12bnYoY −19.0%

FYE Dec 2025 · Equity ratio81.0%YoY +0.4pp

FYE Dec 2025 · Group employees4,977YoY +157

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Dec 2016Consolidated	¥60bn	n/a	¥2.4bn	n/a	3.9%	¥1.5bn	Ono Morio	<a class="en-history_person" href="/tse/7740/executives/ceo/ajisaka-shiro/" hreflang="ja">Ajisaka Shiro</a> becomes president
FYE Dec 2017Consolidated	¥60bn	+1.0%	¥4.2bn	+79.8%	7.0%	¥2.8bn	Ajisaka Shiro	—
FYE Dec 2018Consolidated	¥62bn	+2.2%	¥5.4bn	+27.7%	8.8%	¥4.3bn	Ajisaka Shiro	—
FYE Dec 2019Consolidated	¥63bn	+2.4%	¥7.0bn	+28.7%	11.0%	¥5.3bn	Ajisaka Shiro	—
FYE Dec 2020Consolidated	¥48bn	−23.6%	¥3.6bn	−48.8%	7.4%	¥2.0bn	Ajisaka Shiro	—
FYE Dec 2021Consolidated	¥58bn	+18.9%	¥7.4bn	+107.2%	12.9%	¥5.2bn	Ajisaka Shiro	—
FYE Dec 2022Consolidated	¥63bn	+10.3%	¥11bn	+49.0%	17.4%	¥8.3bn	Ajisaka Shiro	—
FYE Dec 2023Consolidated	¥71bn	+12.6%	¥14bn	+23.3%	19.1%	¥11bn	Ajisaka Shiro	August: the president resigns
FYE Dec 2024Consolidated	¥88bn	+23.9%	¥19bn	+41.1%	21.7%	¥15bn	Sakuraba Shogo	Record-level results through the rebuild
FYE Dec 2025Consolidated	¥85bn	−3.8%	¥17bn	−13.3%	19.6%	¥12bn	Sakuraba Shogo	—

How it compares

Hoya¥948bnFY2025Operating margin 34.6%Nikon¥677bnFY2025Operating margin −16.6%PENTAX CorporationDelisted 2008

Tamron¥85bnFY2025Operating margin 19.6%

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 Dec 2025 ¥85bn

CAGR · 10 yrs +4.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Dec 2016	59.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	60.5	+1.0%	Cons. · Japanese GAAP
FYE Dec 2018	61.8	+2.2%	Cons. · Japanese GAAP
FYE Dec 2019	63.3	+2.4%	Cons. · Japanese GAAP
FYE Dec 2020	48.4	−23.6%	Cons. · Japanese GAAP
FYE Dec 2021	57.5	+18.9%	Cons. · Japanese GAAP
FYE Dec 2022	63.4	+10.3%	Cons. · Japanese GAAP
FYE Dec 2023	71.4	+12.6%	Cons. · Japanese GAAP
FYE Dec 2024	88.5	+23.9%	Cons. · Japanese GAAP
FYE Dec 2025	85.1	−3.8%	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 ¥48bn

CAGR · 10 yrs +1.7%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Dec 2016	41.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	39.9	−2.7%	Cons. · Japanese GAAP
FYE Dec 2018	39.9	−0.0%	Cons. · Japanese GAAP
FYE Dec 2019	39.1	−2.1%	Cons. · Japanese GAAP
FYE Dec 2020	30.0	−23.2%	Cons. · Japanese GAAP
FYE Dec 2021	34.3	+14.4%	Cons. · Japanese GAAP
FYE Dec 2022	35.8	+4.3%	Cons. · Japanese GAAP
FYE Dec 2023	39.8	+11.0%	Cons. · Japanese GAAP
FYE Dec 2024	49.1	+23.4%	Cons. · Japanese GAAP
FYE Dec 2025	47.7	−2.9%	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 ¥37bn

CAGR · 10 yrs +7.9%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Dec 2016	18.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	20.6	+9.0%	Cons. · Japanese GAAP
FYE Dec 2018	21.9	+6.4%	Cons. · Japanese GAAP
FYE Dec 2019	24.2	+10.6%	Cons. · Japanese GAAP
FYE Dec 2020	18.4	−24.2%	Cons. · Japanese GAAP
FYE Dec 2021	23.2	+26.3%	Cons. · Japanese GAAP
FYE Dec 2022	27.6	+19.0%	Cons. · Japanese GAAP
FYE Dec 2023	31.7	+14.6%	Cons. · Japanese GAAP
FYE Dec 2024	39.4	+24.4%	Cons. · Japanese GAAP
FYE Dec 2025	37.4	−5.0%	Cons. · Japanese GAAP

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

SG&A selling, general and administrative expenses

FYE Dec 2025 ¥21bn

CAGR · 10 yrs +2.6%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Dec 2016	16.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	16.4	−1.1%	Cons. · Japanese GAAP
FYE Dec 2018	16.5	+0.8%	Cons. · Japanese GAAP
FYE Dec 2019	17.2	+4.6%	Cons. · Japanese GAAP
FYE Dec 2020	14.8	−14.2%	Cons. · Japanese GAAP
FYE Dec 2021	15.8	+6.8%	Cons. · Japanese GAAP
FYE Dec 2022	16.6	+5.0%	Cons. · Japanese GAAP
FYE Dec 2023	18.0	+8.8%	Cons. · Japanese GAAP
FYE Dec 2024	20.2	+11.8%	Cons. · Japanese GAAP
FYE Dec 2025	20.8	+2.9%	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 ¥17bn

CAGR · 10 yrs +24.2%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Dec 2016	2.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	4.2	+79.8%	Cons. · Japanese GAAP
FYE Dec 2018	5.4	+27.7%	Cons. · Japanese GAAP
FYE Dec 2019	7.0	+28.7%	Cons. · Japanese GAAP
FYE Dec 2020	3.6	−48.8%	Cons. · Japanese GAAP
FYE Dec 2021	7.4	+107.2%	Cons. · Japanese GAAP
FYE Dec 2022	11.0	+49.0%	Cons. · Japanese GAAP
FYE Dec 2023	13.6	+23.3%	Cons. · Japanese GAAP
FYE Dec 2024	19.2	+41.1%	Cons. · Japanese GAAP
FYE Dec 2025	16.6	−13.3%	Cons. · Japanese GAAP

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

Non-operating income

FYE Dec 2025 ¥780m

CAGR · 10 yrs +1.1%

Fiscal year	Non-operating income ¥ m	YoY	Basis
FYE Dec 2016	709	n/a	Cons. · Japanese GAAP
FYE Dec 2017	332	−53.2%	Cons. · Japanese GAAP
FYE Dec 2018	584	+75.9%	Cons. · Japanese GAAP
FYE Dec 2019	621	+6.3%	Cons. · Japanese GAAP
FYE Dec 2020	836	+34.6%	Cons. · Japanese GAAP
FYE Dec 2021	401	−52.0%	Cons. · Japanese GAAP
FYE Dec 2022	793	+97.8%	Cons. · Japanese GAAP
FYE Dec 2023	728	−8.2%	Cons. · Japanese GAAP
FYE Dec 2024	588	−19.2%	Cons. · Japanese GAAP
FYE Dec 2025	780	+32.7%	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 ¥719m

CAGR · 10 yrs +14.4%

Fiscal year	Non-operating expenses ¥ m	YoY	Basis
FYE Dec 2016	215	n/a	Cons. · Japanese GAAP
FYE Dec 2017	478	+122.3%	Cons. · Japanese GAAP
FYE Dec 2018	131	−72.6%	Cons. · Japanese GAAP
FYE Dec 2019	201	+53.4%	Cons. · Japanese GAAP
FYE Dec 2020	662	+229.4%	Cons. · Japanese GAAP
FYE Dec 2021	278	−58.0%	Cons. · Japanese GAAP
FYE Dec 2022	334	+20.1%	Cons. · Japanese GAAP
FYE Dec 2023	363	+8.7%	Cons. · Japanese GAAP
FYE Dec 2024	486	+33.9%	Cons. · Japanese GAAP
FYE Dec 2025	719	+47.9%	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 Dec 2025 ¥17bn

CAGR · 10 yrs +21.7%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Dec 2016	2.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	4.1	+43.6%	Cons. · Japanese GAAP
FYE Dec 2018	5.9	+43.3%	Cons. · Japanese GAAP
FYE Dec 2019	7.4	+26.0%	Cons. · Japanese GAAP
FYE Dec 2020	3.8	−49.3%	Cons. · Japanese GAAP
FYE Dec 2021	7.5	+100.8%	Cons. · Japanese GAAP
FYE Dec 2022	11.5	+52.6%	Cons. · Japanese GAAP
FYE Dec 2023	14.0	+21.5%	Cons. · Japanese GAAP
FYE Dec 2024	19.3	+38.2%	Cons. · Japanese GAAP
FYE Dec 2025	16.7	−13.5%	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 ¥167m

CAGR · 3 yrs +17.0%

Fiscal year	Extraordinary income ¥ m	YoY	Basis
FYE Dec 2016	n/a	n/a	Cons. · Japanese GAAP
FYE Dec 2017	122	n/a	Cons. · Japanese GAAP
FYE Dec 2018	85.0	−30.3%	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	n/a	n/a	Cons. · Japanese GAAP
FYE Dec 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Dec 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Dec 2025	167	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 Dec 2025 ¥12bn

CAGR · 10 yrs +25.9%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Dec 2016	1.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	2.8	+91.5%	Cons. · Japanese GAAP
FYE Dec 2018	4.3	+52.6%	Cons. · Japanese GAAP
FYE Dec 2019	5.3	+23.1%	Cons. · Japanese GAAP
FYE Dec 2020	2.0	−63.3%	Cons. · Japanese GAAP
FYE Dec 2021	5.2	+164.2%	Cons. · Japanese GAAP
FYE Dec 2022	8.4	+61.4%	Cons. · Japanese GAAP
FYE Dec 2023	10.8	+29.5%	Cons. · Japanese GAAP
FYE Dec 2024	14.5	+34.4%	Cons. · Japanese GAAP
FYE Dec 2025	11.8	−19.0%	Cons. · Japanese GAAP

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

Gross margin

FYE Dec 2025 44.0%

Average · 10 yrs 39.4%

Fiscal year	Gross margin %	YoY	Basis
FYE Dec 2016	31.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	34.0	+2.5pp	Cons. · Japanese GAAP
FYE Dec 2018	35.4	+1.4pp	Cons. · Japanese GAAP
FYE Dec 2019	38.3	+2.8pp	Cons. · Japanese GAAP
FYE Dec 2020	38.0	−0.3pp	Cons. · Japanese GAAP
FYE Dec 2021	40.3	+2.4pp	Cons. · Japanese GAAP
FYE Dec 2022	43.5	+3.2pp	Cons. · Japanese GAAP
FYE Dec 2023	44.3	+0.8pp	Cons. · Japanese GAAP
FYE Dec 2024	44.5	+0.2pp	Cons. · Japanese GAAP
FYE Dec 2025	44.0	−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 Dec 2025 19.6%

Average · 10 yrs 12.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Dec 2016	3.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	7.0	+3.1pp	Cons. · Japanese GAAP
FYE Dec 2018	8.8	+1.8pp	Cons. · Japanese GAAP
FYE Dec 2019	11.0	+2.3pp	Cons. · Japanese GAAP
FYE Dec 2020	7.4	−3.6pp	Cons. · Japanese GAAP
FYE Dec 2021	12.9	+5.5pp	Cons. · Japanese GAAP
FYE Dec 2022	17.4	+4.5pp	Cons. · Japanese GAAP
FYE Dec 2023	19.1	+1.7pp	Cons. · Japanese GAAP
FYE Dec 2024	21.7	+2.7pp	Cons. · Japanese GAAP
FYE Dec 2025	19.6	−2.1pp	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 19.6%

Average · 10 yrs 13.3%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Dec 2016	4.8	n/a	Cons. · Japanese GAAP
FYE Dec 2017	6.8	+2.0pp	Cons. · Japanese GAAP
FYE Dec 2018	9.5	+2.7pp	Cons. · Japanese GAAP
FYE Dec 2019	11.7	+2.2pp	Cons. · Japanese GAAP
FYE Dec 2020	7.8	−3.9pp	Cons. · Japanese GAAP
FYE Dec 2021	13.1	+5.3pp	Cons. · Japanese GAAP
FYE Dec 2022	18.1	+5.0pp	Cons. · Japanese GAAP
FYE Dec 2023	19.6	+1.4pp	Cons. · Japanese GAAP
FYE Dec 2024	21.8	+2.3pp	Cons. · Japanese GAAP
FYE Dec 2025	19.6	−2.2pp	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 Dec 2025 13.8%

Average · 10 yrs 9.4%

Fiscal year	Net margin %	YoY	Basis
FYE Dec 2016	2.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	4.7	+2.2pp	Cons. · Japanese GAAP
FYE Dec 2018	7.0	+2.3pp	Cons. · Japanese GAAP
FYE Dec 2019	8.4	+1.4pp	Cons. · Japanese GAAP
FYE Dec 2020	4.0	−4.4pp	Cons. · Japanese GAAP
FYE Dec 2021	9.0	+4.9pp	Cons. · Japanese GAAP
FYE Dec 2022	13.2	+4.2pp	Cons. · Japanese GAAP
FYE Dec 2023	15.1	+2.0pp	Cons. · Japanese GAAP
FYE Dec 2024	16.4	+1.3pp	Cons. · Japanese GAAP
FYE Dec 2025	13.8	−2.6pp	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 56.0%

Average · 10 yrs 60.6%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Dec 2016	68.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	66.0	−2.5pp	Cons. · Japanese GAAP
FYE Dec 2018	64.6	−1.4pp	Cons. · Japanese GAAP
FYE Dec 2019	61.7	−2.8pp	Cons. · Japanese GAAP
FYE Dec 2020	62.0	+0.3pp	Cons. · Japanese GAAP
FYE Dec 2021	59.7	−2.4pp	Cons. · Japanese GAAP
FYE Dec 2022	56.5	−3.2pp	Cons. · Japanese GAAP
FYE Dec 2023	55.7	−0.8pp	Cons. · Japanese GAAP
FYE Dec 2024	55.5	−0.2pp	Cons. · Japanese GAAP
FYE Dec 2025	56.0	+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 Dec 2025 24.4%

Average · 10 yrs 26.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Dec 2016	27.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	27.0	−0.6pp	Cons. · Japanese GAAP
FYE Dec 2018	26.7	−0.4pp	Cons. · Japanese GAAP
FYE Dec 2019	27.3	+0.6pp	Cons. · Japanese GAAP
FYE Dec 2020	30.6	+3.3pp	Cons. · Japanese GAAP
FYE Dec 2021	27.5	−3.1pp	Cons. · Japanese GAAP
FYE Dec 2022	26.1	−1.3pp	Cons. · Japanese GAAP
FYE Dec 2023	25.3	−0.9pp	Cons. · Japanese GAAP
FYE Dec 2024	22.8	−2.5pp	Cons. · Japanese GAAP
FYE Dec 2025	24.4	+1.6pp	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 ¥106bn

CAGR · 10 yrs +6.4%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Dec 2016	60.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	63.9	+4.9%	Cons. · Japanese GAAP
FYE Dec 2018	64.7	+1.3%	Cons. · Japanese GAAP
FYE Dec 2019	69.3	+7.1%	Cons. · Japanese GAAP
FYE Dec 2020	58.2	−16.0%	Cons. · Japanese GAAP
FYE Dec 2021	67.1	+15.3%	Cons. · Japanese GAAP
FYE Dec 2022	75.6	+12.7%	Cons. · Japanese GAAP
FYE Dec 2023	87.1	+15.2%	Cons. · Japanese GAAP
FYE Dec 2024	102	+17.4%	Cons. · Japanese GAAP
FYE Dec 2025	106	+3.8%	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 ¥86bn

CAGR · 10 yrs +6.9%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Dec 2016	47.3	n/a	Cons. · Japanese GAAP
FYE Dec 2017	49.9	+5.5%	Cons. · Japanese GAAP
FYE Dec 2018	50.9	+1.8%	Cons. · Japanese GAAP
FYE Dec 2019	54.5	+7.3%	Cons. · Japanese GAAP
FYE Dec 2020	45.8	−16.1%	Cons. · Japanese GAAP
FYE Dec 2021	52.5	+14.8%	Cons. · Japanese GAAP
FYE Dec 2022	60.6	+15.3%	Cons. · Japanese GAAP
FYE Dec 2023	70.7	+16.8%	Cons. · Japanese GAAP
FYE Dec 2024	82.3	+16.4%	Cons. · Japanese GAAP
FYE Dec 2025	85.9	+4.3%	Cons. · Japanese GAAP

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

Interest-bearing debt

FYE Dec 2025 ¥1.0bn

CAGR · 10 yrs −14.0%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Dec 2016	4.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	3.1	−22.6%	Cons. · Japanese GAAP
FYE Dec 2018	3.0	−4.6%	Cons. · Japanese GAAP
FYE Dec 2019	2.6	−11.8%	Cons. · Japanese GAAP
FYE Dec 2020	2.2	−16.8%	Cons. · Japanese GAAP
FYE Dec 2021	2.0	−7.8%	Cons. · Japanese GAAP
FYE Dec 2022	1.9	−5.9%	Cons. · Japanese GAAP
FYE Dec 2023	1.8	−3.1%	Cons. · Japanese GAAP
FYE Dec 2024	2.2	+20.1%	Cons. · Japanese GAAP
FYE Dec 2025	1.0	−52.9%	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 ¥0.8bn

CAGR · 10 yrs −14.7%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Dec 2016	3.3	n/a	Cons. · Japanese GAAP
FYE Dec 2017	2.7	−19.6%	Cons. · Japanese GAAP
FYE Dec 2018	2.5	−5.4%	Cons. · Japanese GAAP
FYE Dec 2019	2.4	−4.5%	Cons. · Japanese GAAP
FYE Dec 2020	1.9	−21.1%	Cons. · Japanese GAAP
FYE Dec 2021	1.9	+1.3%	Cons. · Japanese GAAP
FYE Dec 2022	1.9	−1.3%	Cons. · Japanese GAAP
FYE Dec 2023	1.8	−6.8%	Cons. · Japanese GAAP
FYE Dec 2024	1.9	+4.1%	Cons. · Japanese GAAP
FYE Dec 2025	0.8	−56.9%	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 ¥247m

CAGR · 9 yrs −12.8%

Fiscal year	Long-term borrowings ¥ m	YoY	Basis
FYE Dec 2016	736	n/a	Cons. · Japanese GAAP
FYE Dec 2017	468	−36.4%	Cons. · Japanese GAAP
FYE Dec 2018	467	−0.2%	Cons. · Japanese GAAP
FYE Dec 2019	225	−51.8%	Cons. · Japanese GAAP
FYE Dec 2020	291	+29.3%	Cons. · Japanese GAAP
FYE Dec 2021	94.0	−67.7%	Cons. · Japanese GAAP
FYE Dec 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Dec 2023	70.0	n/a	Cons. · Japanese GAAP
FYE Dec 2024	369	+427.1%	Cons. · Japanese GAAP
FYE Dec 2025	247	−33.1%	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 ¥1.4bn

CAGR · 10 yrs +6.6%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Dec 2016	0.8	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.7	−10.5%	Cons. · Japanese GAAP
FYE Dec 2018	0.6	−10.2%	Cons. · Japanese GAAP
FYE Dec 2019	0.7	+10.4%	Cons. · Japanese GAAP
FYE Dec 2020	0.6	−7.7%	Cons. · Japanese GAAP
FYE Dec 2021	0.5	−23.3%	Cons. · Japanese GAAP
FYE Dec 2022	0.5	+9.7%	Cons. · Japanese GAAP
FYE Dec 2023	1.0	+85.1%	Cons. · Japanese GAAP
FYE Dec 2024	1.3	+29.6%	Cons. · Japanese GAAP
FYE Dec 2025	1.4	+7.8%	Cons. · Japanese GAAP

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

Equity ratio

FYE Dec 2025 81.0%

Average · 10 yrs 79.3%

Fiscal year	Equity ratio %	YoY	Basis
FYE Dec 2016	77.7	n/a	Cons. · Japanese GAAP
FYE Dec 2017	78.2	+0.5pp	Cons. · Japanese GAAP
FYE Dec 2018	78.6	+0.4pp	Cons. · Japanese GAAP
FYE Dec 2019	78.7	+0.1pp	Cons. · Japanese GAAP
FYE Dec 2020	78.7	−0.0pp	Cons. · Japanese GAAP
FYE Dec 2021	78.3	−0.3pp	Cons. · Japanese GAAP
FYE Dec 2022	80.2	+1.8pp	Cons. · Japanese GAAP
FYE Dec 2023	81.2	+1.1pp	Cons. · Japanese GAAP
FYE Dec 2024	80.6	−0.7pp	Cons. · Japanese GAAP
FYE Dec 2025	81.0	+0.4pp	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 Dec 2025 1.2%

Average · 10 yrs 4.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Dec 2016	8.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	6.3	−2.3pp	Cons. · Japanese GAAP
FYE Dec 2018	5.9	−0.4pp	Cons. · Japanese GAAP
FYE Dec 2019	4.8	−1.0pp	Cons. · Japanese GAAP
FYE Dec 2020	4.8	−0.0pp	Cons. · Japanese GAAP
FYE Dec 2021	3.9	−0.9pp	Cons. · Japanese GAAP
FYE Dec 2022	3.1	−0.7pp	Cons. · Japanese GAAP
FYE Dec 2023	2.6	−0.5pp	Cons. · Japanese GAAP
FYE Dec 2024	2.7	+0.1pp	Cons. · Japanese GAAP
FYE Dec 2025	1.2	−1.5pp	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 13.7%

Average · 10 yrs 10.2%

Fiscal year	ROE %	YoY	Basis
FYE Dec 2016	3.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	5.7	+2.6pp	Cons. · Japanese GAAP
FYE Dec 2018	8.5	+2.8pp	Cons. · Japanese GAAP
FYE Dec 2019	9.8	+1.3pp	Cons. · Japanese GAAP
FYE Dec 2020	4.3	−5.5pp	Cons. · Japanese GAAP
FYE Dec 2021	9.8	+5.6pp	Cons. · Japanese GAAP
FYE Dec 2022	13.8	+3.9pp	Cons. · Japanese GAAP
FYE Dec 2023	15.3	+1.5pp	Cons. · Japanese GAAP
FYE Dec 2024	17.6	+2.4pp	Cons. · Japanese GAAP
FYE Dec 2025	13.7	−4.0pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Dec 2025 11.1%

Average · 10 yrs 8.1%

Fiscal year	ROA %	YoY	Basis
FYE Dec 2016	2.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	4.4	+2.0pp	Cons. · Japanese GAAP
FYE Dec 2018	6.7	+2.2pp	Cons. · Japanese GAAP
FYE Dec 2019	7.7	+1.0pp	Cons. · Japanese GAAP
FYE Dec 2020	3.4	−4.3pp	Cons. · Japanese GAAP
FYE Dec 2021	7.7	+4.3pp	Cons. · Japanese GAAP
FYE Dec 2022	11.1	+3.3pp	Cons. · Japanese GAAP
FYE Dec 2023	12.4	+1.4pp	Cons. · Japanese GAAP
FYE Dec 2024	14.2	+1.8pp	Cons. · Japanese GAAP
FYE Dec 2025	11.1	−3.1pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Dec 2025 0.80×

CAGR · 10 yrs −2.2%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Dec 2016	0.98	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.95	−3.7%	Cons. · Japanese GAAP
FYE Dec 2018	0.96	+0.9%	Cons. · Japanese GAAP
FYE Dec 2019	0.91	−4.4%	Cons. · Japanese GAAP
FYE Dec 2020	0.83	−9.0%	Cons. · Japanese GAAP
FYE Dec 2021	0.86	+3.2%	Cons. · Japanese GAAP
FYE Dec 2022	0.84	−2.1%	Cons. · Japanese GAAP
FYE Dec 2023	0.82	−2.3%	Cons. · Japanese GAAP
FYE Dec 2024	0.87	+5.5%	Cons. · Japanese GAAP
FYE Dec 2025	0.80	−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 Dec 2025 ¥15bn

CAGR · 10 yrs +9.7%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Dec 2016	6.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	7.7	+17.2%	Cons. · Japanese GAAP
FYE Dec 2018	7.5	−1.8%	Cons. · Japanese GAAP
FYE Dec 2019	10.9	+45.2%	Cons. · Japanese GAAP
FYE Dec 2020	7.6	−30.9%	Cons. · Japanese GAAP
FYE Dec 2021	8.7	+14.6%	Cons. · Japanese GAAP
FYE Dec 2022	9.2	+6.6%	Cons. · Japanese GAAP
FYE Dec 2023	10.0	+8.6%	Cons. · Japanese GAAP
FYE Dec 2024	17.6	+76.0%	Cons. · Japanese GAAP
FYE Dec 2025	15.1	−14.4%	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 -¥7.3bn

Average · 10 yrs -¥4.9bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Dec 2016	-2.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	-2.2	n/a	Cons. · Japanese GAAP
FYE Dec 2018	-2.2	n/a	Cons. · Japanese GAAP
FYE Dec 2019	-2.9	n/a	Cons. · Japanese GAAP
FYE Dec 2020	-12.3	n/a	Cons. · Japanese GAAP
FYE Dec 2021	-3.8	n/a	Cons. · Japanese GAAP
FYE Dec 2022	-3.9	n/a	Cons. · Japanese GAAP
FYE Dec 2023	-5.1	n/a	Cons. · Japanese GAAP
FYE Dec 2024	-6.7	n/a	Cons. · Japanese GAAP
FYE Dec 2025	-7.3	n/a	Cons. · Japanese GAAP

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Dec 2025 -¥11bn

Average · 10 yrs -¥3.3bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Dec 2016	-1.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	-2.4	n/a	Cons. · Japanese GAAP
FYE Dec 2018	-1.9	n/a	Cons. · Japanese GAAP
FYE Dec 2019	-1.9	n/a	Cons. · Japanese GAAP
FYE Dec 2020	-2.1	n/a	Cons. · Japanese GAAP
FYE Dec 2021	-1.3	n/a	Cons. · Japanese GAAP
FYE Dec 2022	-2.0	n/a	Cons. · Japanese GAAP
FYE Dec 2023	-2.8	n/a	Cons. · Japanese GAAP
FYE Dec 2024	-6.0	n/a	Cons. · Japanese GAAP
FYE Dec 2025	-11.1	n/a	Cons. · Japanese GAAP

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Dec 2025 ¥35bn

CAGR · 10 yrs +9.2%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Dec 2016	16.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	19.4	+21.2%	Cons. · Japanese GAAP
FYE Dec 2018	22.4	+15.5%	Cons. · Japanese GAAP
FYE Dec 2019	28.4	+26.5%	Cons. · Japanese GAAP
FYE Dec 2020	21.4	−24.5%	Cons. · Japanese GAAP
FYE Dec 2021	25.8	+20.6%	Cons. · Japanese GAAP
FYE Dec 2022	29.9	+15.9%	Cons. · Japanese GAAP
FYE Dec 2023	32.6	+9.0%	Cons. · Japanese GAAP
FYE Dec 2024	38.4	+17.6%	Cons. · Japanese GAAP
FYE Dec 2025	35.4	−7.8%	Cons. · Japanese GAAP

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

Free cash flow

FYE Dec 2025 ¥7.8bn

CAGR · 10 yrs +7.6%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Dec 2016	4.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	5.5	+37.3%	Cons. · Japanese GAAP
FYE Dec 2018	5.3	−3.0%	Cons. · Japanese GAAP
FYE Dec 2019	8.1	+51.5%	Cons. · Japanese GAAP
FYE Dec 2020	-4.8	−159.3%	Cons. · Japanese GAAP
FYE Dec 2021	4.9	n/a	Cons. · Japanese GAAP
FYE Dec 2022	5.4	+10.0%	Cons. · Japanese GAAP
FYE Dec 2023	4.9	−9.0%	Cons. · Japanese GAAP
FYE Dec 2024	10.9	+123.5%	Cons. · Japanese GAAP
FYE Dec 2025	7.8	−28.9%	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 17.7%

Average · 10 yrs 15.0%

Fiscal year	OCF margin %	YoY	Basis
FYE Dec 2016	10.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	12.7	+1.8pp	Cons. · Japanese GAAP
FYE Dec 2018	12.2	−0.5pp	Cons. · Japanese GAAP
FYE Dec 2019	17.3	+5.1pp	Cons. · Japanese GAAP
FYE Dec 2020	15.6	−1.6pp	Cons. · Japanese GAAP
FYE Dec 2021	15.1	−0.6pp	Cons. · Japanese GAAP
FYE Dec 2022	14.6	−0.5pp	Cons. · Japanese GAAP
FYE Dec 2023	14.0	−0.5pp	Cons. · Japanese GAAP
FYE Dec 2024	19.9	+5.9pp	Cons. · Japanese GAAP
FYE Dec 2025	17.7	−2.2pp	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 ¥34bn

CAGR · 10 yrs +12.4%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Dec 2016	12.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	16.3	+36.1%	Cons. · Japanese GAAP
FYE Dec 2018	19.4	+19.4%	Cons. · Japanese GAAP
FYE Dec 2019	25.7	+32.4%	Cons. · Japanese GAAP
FYE Dec 2020	19.2	−25.3%	Cons. · Japanese GAAP
FYE Dec 2021	23.8	+23.9%	Cons. · Japanese GAAP
FYE Dec 2022	28.0	+17.8%	Cons. · Japanese GAAP
FYE Dec 2023	30.8	+9.8%	Cons. · Japanese GAAP
FYE Dec 2024	36.2	+17.4%	Cons. · Japanese GAAP
FYE Dec 2025	34.3	−5.1%	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 ¥177bn

Change · 10 yrs +¥126bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Dec 2016	50.3	n/a
FYE Dec 2017	62.8	n/a
FYE Dec 2018	40.9	n/a
FYE Dec 2019	65.6	n/a
FYE Dec 2020	47.5	n/a
FYE Dec 2021	62.4	n/a
FYE Dec 2022	64.8	n/a
FYE Dec 2023	125	n/a
FYE Dec 2024	207	n/a
FYE Dec 2025	177	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 1,034¥

Change · 10 yrs −905¥

Fiscal year	Share price ¥	Basis
FYE Dec 2016	1,939	n/a
FYE Dec 2017	2,420	n/a
FYE Dec 2018	1,577	n/a
FYE Dec 2019	2,527	n/a
FYE Dec 2020	1,830	n/a
FYE Dec 2021	2,497	n/a
FYE Dec 2022	2,590	n/a
FYE Dec 2023	5,326	n/a
FYE Dec 2024	4,500	n/a
FYE Dec 2025	1,034	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 170,800,000shares

Change · 10 yrs +144,850,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Dec 2016	25,950,000	Parent
FYE Dec 2017	25,950,000	Parent
FYE Dec 2018	25,950,000	Parent
FYE Dec 2019	25,950,000	Parent
FYE Dec 2020	25,950,000	Parent
FYE Dec 2021	25,000,000	Parent
FYE Dec 2022	25,000,000	Parent
FYE Dec 2023	23,400,000	Parent
FYE Dec 2024	46,000,000	Parent
FYE Dec 2025	170,800,000	Parent

Definition: How many shares exist
Formula: Shares issued, from the key figures of the filing
Source: Securities report (XBRL)

EPS earnings per share

FYE Dec 2025 72.79¥

Change · 10 yrs +15.60¥

Fiscal year	EPS ¥	Basis
FYE Dec 2016	57.19	Cons.
FYE Dec 2017	109.51	Cons.
FYE Dec 2018	167.80	Cons.
FYE Dec 2019	207.13	Cons.
FYE Dec 2020	44.41	Cons.
FYE Dec 2021	31.02	Cons.
FYE Dec 2022	50.00	Cons.
FYE Dec 2023	64.64	Cons.
FYE Dec 2024	87.90	Cons.
FYE Dec 2025	72.79	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 502.99¥

Change · 10 yrs −1,320.55¥

Fiscal year	BPS ¥	Basis
FYE Dec 2016	1,823.55	Cons. · Japanese GAAP
FYE Dec 2017	1,924.47	Cons. · Japanese GAAP
FYE Dec 2018	1,959.61	Cons. · Japanese GAAP
FYE Dec 2019	2,101.70	Cons. · Japanese GAAP
FYE Dec 2020	1,764.05	Cons. · Japanese GAAP
FYE Dec 2021	2,101.44	Cons. · Japanese GAAP
FYE Dec 2022	2,422.96	Cons. · Japanese GAAP
FYE Dec 2023	3,022.74	Cons. · Japanese GAAP
FYE Dec 2024	1,789.85	Cons. · Japanese GAAP
FYE Dec 2025	502.99	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Dec 2025 14.20×

Average · 10 yrs 15.44×

Fiscal year	PER ×	Basis
FYE Dec 2016	33.90	Cons.
FYE Dec 2017	22.10	Cons.
FYE Dec 2018	9.40	Cons.
FYE Dec 2019	12.20	Cons.
FYE Dec 2020	20.60	Cons.
FYE Dec 2021	11.50	Cons.
FYE Dec 2022	7.40	Cons.
FYE Dec 2023	10.30	Cons.
FYE Dec 2024	12.80	Cons.
FYE Dec 2025	14.20	Cons.

Definition: How many years of earnings the price stands for
Formula: Year-end price ÷ EPS
Source: Securities report (XBRL)

PBR price-to-book ratio

FYE Dec 2025 1.94×

Average · 10 yrs 1.31×

Fiscal year	PBR ×	Basis
FYE Dec 2016	1.06	Cons.
FYE Dec 2017	1.26	Cons.
FYE Dec 2018	0.80	Cons.
FYE Dec 2019	1.19	Cons.
FYE Dec 2020	0.83	Cons.
FYE Dec 2021	1.13	Cons.
FYE Dec 2022	1.02	Cons.
FYE Dec 2023	1.58	Cons.
FYE Dec 2024	2.25	Cons.
FYE Dec 2025	1.94	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 4,977people

Change · 10 yrs +249 people

Fiscal year	Group employees people	YoY	Basis
FYE Dec 2016	4,728	n/a	Cons.
FYE Dec 2017	4,640	−1.9%	Cons.
FYE Dec 2018	5,046	+8.8%	Cons.
FYE Dec 2019	4,609	−8.7%	Cons.
FYE Dec 2020	4,070	−11.7%	Cons.
FYE Dec 2021	4,098	+0.7%	Cons.
FYE Dec 2022	4,448	+8.5%	Cons.
FYE Dec 2023	4,604	+3.5%	Cons.
FYE Dec 2024	4,820	+4.7%	Cons.
FYE Dec 2025	4,977	+3.3%	Cons.

Definition: Everyone employed across the group
Formula: Consolidated headcount, from the employee section of the filing
Source: Securities report (XBRL)

Parent-company employees

FYE Dec 2025 950people

Change · 10 yrs −119 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Dec 2016	1,069	n/a	Parent
FYE Dec 2017	1,067	−0.2%	Parent
FYE Dec 2018	1,055	−1.1%	Parent
FYE Dec 2019	1,060	+0.5%	Parent
FYE Dec 2020	1,052	−0.8%	Parent
FYE Dec 2021	966	−8.2%	Parent
FYE Dec 2022	945	−2.2%	Parent
FYE Dec 2023	947	+0.2%	Parent
FYE Dec 2024	935	−1.3%	Parent
FYE Dec 2025	950	+1.6%	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 828万円

Change · 7 yrs +113万円

Fiscal year	Average annual pay 万円	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	715	n/a	Parent
FYE Dec 2020	658	−8.0%	Parent
FYE Dec 2021	738	+12.0%	Parent
FYE Dec 2022	752	+2.0%	Parent
FYE Dec 2023	792	+5.4%	Parent
FYE Dec 2024	876	+10.6%	Parent
FYE Dec 2025	828	−5.5%	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 43.3years

Change · 7 yrs +1.6 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	41.7	n/a	Parent
FYE Dec 2020	42.2	+1.2%	Parent
FYE Dec 2021	42.1	−0.4%	Parent
FYE Dec 2022	42.7	+1.5%	Parent
FYE Dec 2023	43.0	+0.8%	Parent
FYE Dec 2024	43.2	+0.5%	Parent
FYE Dec 2025	43.3	+0.2%	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 16.7years

Change · 7 yrs +0.9 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	15.8	n/a	Parent
FYE Dec 2020	16.4	+3.5%	Parent
FYE Dec 2021	15.9	−3.2%	Parent
FYE Dec 2022	16.4	+3.5%	Parent
FYE Dec 2023	16.8	+2.1%	Parent
FYE Dec 2024	16.8	+0.4%	Parent
FYE Dec 2025	16.7	−0.6%	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 608people

Change · 10 yrs −327 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Dec 2016	935	n/a	n/a
FYE Dec 2017	1,265	+35.3%	n/a
FYE Dec 2018	924	−27.0%	n/a
FYE Dec 2019	1,058	+14.5%	n/a
FYE Dec 2020	641	−39.4%	n/a
FYE Dec 2021	897	+39.9%	n/a
FYE Dec 2022	408	−54.5%	n/a
FYE Dec 2023	419	+2.7%	n/a
FYE Dec 2024	738	+76.1%	n/a
FYE Dec 2025	608	−17.6%	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 ¥17.1m

Change · 10 yrs +¥4.4m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Dec 2016	12.7	n/a	Cons.
FYE Dec 2017	13.0	+2.9%	Cons.
FYE Dec 2018	12.3	−6.0%	Cons.
FYE Dec 2019	13.7	+12.1%	Cons.
FYE Dec 2020	11.9	−13.4%	Cons.
FYE Dec 2021	14.0	+18.1%	Cons.
FYE Dec 2022	14.3	+1.6%	Cons.
FYE Dec 2023	15.5	+8.8%	Cons.
FYE Dec 2024	18.4	+18.3%	Cons.
FYE Dec 2025	17.1	−6.9%	Cons.

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

Operating profit per employee

FYE Dec 2025 ¥3.3m

Change · 10 yrs +¥2.8m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Dec 2016	0.5	n/a	Cons.
FYE Dec 2017	0.9	+83.2%	Cons.
FYE Dec 2018	1.1	+17.5%	Cons.
FYE Dec 2019	1.5	+40.9%	Cons.
FYE Dec 2020	0.9	−42.0%	Cons.
FYE Dec 2021	1.8	+105.8%	Cons.
FYE Dec 2022	2.5	+37.3%	Cons.
FYE Dec 2023	3.0	+19.1%	Cons.
FYE Dec 2024	4.0	+34.8%	Cons.
FYE Dec 2025	3.3	−16.1%	Cons.

Definition: What each employee accounts for in operating profit
Formula: Operating profit ÷ group employees
Source: Securities report (XBRL)

Disclaimer

Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.

Accuracy, liability, reuse and privacy — the full disclaimer →

Data API

Tamron’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/7740/company.json ·/api/7740/history.json ·/api/7740/ceo.json ·/api/7740/financials.json ·/api/7740/financials/segment.json ·/api/7740/financials/pl.json ·/api/7740/financials/cf.json ·/api/7740/financials/bs.json ·/api/7740/financials/employee.json ·/api/7740/financials/stock.json ·/api/7740/financials.csv ·/api/7740/financials_history.csv

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