Financials

Toppan: FYE Mar 2026 and ten years of results (51 metrics)

FYE Mar 2026 · Revenue¥1.81tnYoY +5.1%

FYE Mar 2026 · Operating profit¥67bnYoY −20.2%

FYE Mar 2026 · Net profit¥65bnYoY −27.5%

FYE Mar 2026 · Equity ratio52.3%YoY +0.8pp

FYE Mar 2026 · Group employees54,371YoY +2,383

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥1.43tn	n/a	¥52bn	n/a	3.6%	¥33bn	Kaneko Shingo	Toppan USA opens its Georgia plant; executive officer system adopted
FYE Mar 2018Consolidated	¥1.45tn	+1.5%	¥52bn	+1.3%	3.6%	¥42bn	Kaneko Shingo	—
FYE Mar 2019Consolidated	¥1.46tn	+0.8%	¥46bn	−12.6%	3.1%	¥41bn	Kaneko Shingo	—
FYE Mar 2020Consolidated	¥1.49tn	+1.5%	¥66bn	+45.2%	4.5%	¥87bn	Kaneko Shingo	Tosho Printing wholly owned; INTERPRINT GmbH acquired
FYE Mar 2021Consolidated	¥1.47tn	−1.3%	¥59bn	−11.5%	4.0%	¥82bn	Maro Hideharu	—
FYE Mar 2022Consolidated	¥1.55tn	+5.5%	¥74bn	+25.0%	4.7%	¥123bn	Maro Hideharu	Head office moves to the Toppan Koishikawa Head Office Building
FYE Mar 2023Consolidated	¥1.64tn	+5.9%	¥77bn	+4.3%	4.7%	¥61bn	Maro Hideharu	<a class="en-history_person" href="/tse/7911/executives/ceo/maro-hideharu/" hreflang="ja">Maro Hideharu</a> becomes president; net profit a record ¥123.2bn
FYE Mar 2024Consolidated	¥1.68tn	+2.4%	¥74bn	−3.0%	4.4%	¥74bn	Maro Hideharu	Secure business succeeded to Toppan Forms, renamed TOPPAN Edge
FYE Mar 2025Consolidated	¥1.72tn	+2.4%	¥84bn	+13.1%	4.9%	¥89bn	Maro Hideharu	Sales of ¥1,678.2bn pass the 2008 peak after sixteen years
FYE Mar 2026Consolidated	¥1.81tn	+5.1%	¥67bn	−20.2%	3.7%	¥65bn	Maro Hideharu	Sonoco’s flexible packaging and thermoformed container businesses acquired

How it compares

Toppan¥1.81tnFY2025Operating margin 3.7%

Dai Nippon Printing¥1.51tnFY2025Operating margin 6.7%NISSHA¥195bnFY2025Operating margin 2.1%

Kyodo Printing Co., Ltd.¥98bnFY2025Operating margin 2.2%

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

Where the revenue goes

¥ bn

Cost of sales SG&A Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥1.81tn

CAGR · 10 yrs +2.6%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	1,432	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,453	+1.5%	Cons. · Japanese GAAP
FYE Mar 2019	1,465	+0.8%	Cons. · Japanese GAAP
FYE Mar 2020	1,486	+1.5%	Cons. · Japanese GAAP
FYE Mar 2021	1,467	−1.3%	Cons. · Japanese GAAP
FYE Mar 2022	1,548	+5.5%	Cons. · Japanese GAAP
FYE Mar 2023	1,639	+5.9%	Cons. · Japanese GAAP
FYE Mar 2024	1,678	+2.4%	Cons. · Japanese GAAP
FYE Mar 2025	1,718	+2.4%	Cons. · Japanese GAAP
FYE Mar 2026	1,805	+5.1%	Cons. · Japanese GAAP

Definition: Everything the company took in from its own business
Formula: Revenue line of the income statement
Source: Securities report (XBRL)

Cost of sales

FYE Mar 2026 ¥1.38tn

CAGR · 10 yrs +1.9%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	1,162	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,178	+1.4%	Cons. · Japanese GAAP
FYE Mar 2019	1,190	+1.0%	Cons. · Japanese GAAP
FYE Mar 2020	1,186	−0.3%	Cons. · Japanese GAAP
FYE Mar 2021	1,166	−1.7%	Cons. · Japanese GAAP
FYE Mar 2022	1,213	+4.1%	Cons. · Japanese GAAP
FYE Mar 2023	1,277	+5.3%	Cons. · Japanese GAAP
FYE Mar 2024	1,291	+1.1%	Cons. · Japanese GAAP
FYE Mar 2025	1,305	+1.1%	Cons. · Japanese GAAP
FYE Mar 2026	1,381	+5.8%	Cons. · Japanese GAAP

Definition: The cost of what was sold
Formula: Cost of sales line of the income statement
Source: Securities report (XBRL)

Gross profit

FYE Mar 2026 ¥424bn

CAGR · 10 yrs +5.2%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	269	n/a	Cons. · Japanese GAAP
FYE Mar 2018	274	+1.8%	Cons. · Japanese GAAP
FYE Mar 2019	275	+0.2%	Cons. · Japanese GAAP
FYE Mar 2020	300	+9.2%	Cons. · Japanese GAAP
FYE Mar 2021	301	+0.4%	Cons. · Japanese GAAP
FYE Mar 2022	335	+11.1%	Cons. · Japanese GAAP
FYE Mar 2023	362	+8.2%	Cons. · Japanese GAAP
FYE Mar 2024	387	+7.0%	Cons. · Japanese GAAP
FYE Mar 2025	413	+6.6%	Cons. · Japanese GAAP
FYE Mar 2026	424	+2.7%	Cons. · Japanese GAAP

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

SG&A selling, general and administrative expenses

FYE Mar 2026 ¥357bn

CAGR · 10 yrs +5.6%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	218	n/a	Cons. · Japanese GAAP
FYE Mar 2018	222	+1.9%	Cons. · Japanese GAAP
FYE Mar 2019	229	+3.2%	Cons. · Japanese GAAP
FYE Mar 2020	234	+2.0%	Cons. · Japanese GAAP
FYE Mar 2021	243	+3.8%	Cons. · Japanese GAAP
FYE Mar 2022	261	+7.7%	Cons. · Japanese GAAP
FYE Mar 2023	286	+9.3%	Cons. · Japanese GAAP
FYE Mar 2024	313	+9.6%	Cons. · Japanese GAAP
FYE Mar 2025	329	+5.1%	Cons. · Japanese GAAP
FYE Mar 2026	357	+8.6%	Cons. · Japanese GAAP

Definition: The cost of selling and of running the company
Formula: SG&A line of the income statement
Source: Securities report (XBRL)

Operating profit

FYE Mar 2026 ¥67bn

CAGR · 10 yrs +3.0%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	51.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	52.3	+1.3%	Cons. · Japanese GAAP
FYE Mar 2019	45.7	−12.6%	Cons. · Japanese GAAP
FYE Mar 2020	66.4	+45.2%	Cons. · Japanese GAAP
FYE Mar 2021	58.8	−11.5%	Cons. · Japanese GAAP
FYE Mar 2022	73.5	+25.0%	Cons. · Japanese GAAP
FYE Mar 2023	76.6	+4.3%	Cons. · Japanese GAAP
FYE Mar 2024	74.3	−3.0%	Cons. · Japanese GAAP
FYE Mar 2025	84.1	+13.1%	Cons. · Japanese GAAP
FYE Mar 2026	67.1	−20.2%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥32bn

CAGR · 10 yrs +14.2%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.4	+39.8%	Cons. · Japanese GAAP
FYE Mar 2019	11.6	−13.6%	Cons. · Japanese GAAP
FYE Mar 2020	11.2	−3.6%	Cons. · Japanese GAAP
FYE Mar 2021	13.4	+19.5%	Cons. · Japanese GAAP
FYE Mar 2022	15.0	+12.3%	Cons. · Japanese GAAP
FYE Mar 2023	17.8	+18.7%	Cons. · Japanese GAAP
FYE Mar 2024	23.2	+30.4%	Cons. · Japanese GAAP
FYE Mar 2025	22.5	−3.3%	Cons. · Japanese GAAP
FYE Mar 2026	31.6	+40.9%	Cons. · Japanese GAAP

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

Non-operating expenses

FYE Mar 2026 ¥23bn

CAGR · 10 yrs +8.0%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	11.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.1	−3.7%	Cons. · Japanese GAAP
FYE Mar 2019	8.2	−25.8%	Cons. · Japanese GAAP
FYE Mar 2020	10.9	+32.4%	Cons. · Japanese GAAP
FYE Mar 2021	14.1	+29.6%	Cons. · Japanese GAAP
FYE Mar 2022	12.2	−13.5%	Cons. · Japanese GAAP
FYE Mar 2023	13.3	+8.8%	Cons. · Japanese GAAP
FYE Mar 2024	15.1	+13.6%	Cons. · Japanese GAAP
FYE Mar 2025	18.0	+19.2%	Cons. · Japanese GAAP
FYE Mar 2026	23.0	+28.2%	Cons. · Japanese GAAP

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

Ordinary profit keijo rieki

FYE Mar 2026 ¥76bn

CAGR · 10 yrs +4.8%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	49.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	54.6	+9.9%	Cons. · Japanese GAAP
FYE Mar 2019	49.1	−10.1%	Cons. · Japanese GAAP
FYE Mar 2020	66.7	+35.8%	Cons. · Japanese GAAP
FYE Mar 2021	58.1	−13.0%	Cons. · Japanese GAAP
FYE Mar 2022	76.3	+31.5%	Cons. · Japanese GAAP
FYE Mar 2023	81.2	+6.4%	Cons. · Japanese GAAP
FYE Mar 2024	82.5	+1.6%	Cons. · Japanese GAAP
FYE Mar 2025	88.6	+7.4%	Cons. · Japanese GAAP
FYE Mar 2026	75.7	−14.5%	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 Mar 2026 ¥62bn

CAGR · 10 yrs +3.0%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	47.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.3	−63.3%	Cons. · Japanese GAAP
FYE Mar 2019	33.5	+93.7%	Cons. · Japanese GAAP
FYE Mar 2020	98.5	+194.2%	Cons. · Japanese GAAP
FYE Mar 2021	115	+16.9%	Cons. · Japanese GAAP
FYE Mar 2022	115	−0.3%	Cons. · Japanese GAAP
FYE Mar 2023	58.1	−49.4%	Cons. · Japanese GAAP
FYE Mar 2024	77.9	+34.0%	Cons. · Japanese GAAP
FYE Mar 2025	184	+136.1%	Cons. · Japanese GAAP
FYE Mar 2026	61.6	−66.5%	Cons. · Japanese GAAP

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

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥65bn

CAGR · 10 yrs +8.0%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	32.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	42.3	+29.9%	Cons. · Japanese GAAP
FYE Mar 2019	41.0	−2.9%	Cons. · Japanese GAAP
FYE Mar 2020	87.0	+112.1%	Cons. · Japanese GAAP
FYE Mar 2021	82.0	−5.8%	Cons. · Japanese GAAP
FYE Mar 2022	123	+50.2%	Cons. · Japanese GAAP
FYE Mar 2023	60.9	−50.6%	Cons. · Japanese GAAP
FYE Mar 2024	74.2	+21.9%	Cons. · Japanese GAAP
FYE Mar 2025	89.3	+20.4%	Cons. · Japanese GAAP
FYE Mar 2026	64.8	−27.5%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 23.5%

Average · 10 yrs 21.2%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	18.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	18.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	20.2	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	20.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	21.6	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	22.1	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	23.1	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2025	24.0	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	23.5	−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 Mar 2026 3.7%

Average · 10 yrs 4.1%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	3.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	3.1	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	4.5	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	4.0	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	4.7	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	4.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	4.4	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	4.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	3.7	−1.2pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Mar 2026 4.2%

Average · 10 yrs 4.3%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	3.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	3.4	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	4.5	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2021	4.0	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	4.9	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	5.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	4.9	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	5.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	4.2	−1.0pp	Cons. · Japanese GAAP

Definition: The share of revenue left at the ordinary-profit line
Formula: Ordinary profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Mar 2026 3.6%

Average · 10 yrs 4.4%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	2.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.9	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	2.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	5.9	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2021	5.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	8.0	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2023	3.7	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2024	4.4	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	5.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	3.6	−1.6pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Mar 2026 76.5%

Average · 10 yrs 78.8%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	81.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	81.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	81.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	79.8	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	79.5	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	78.4	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	77.9	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	76.9	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2025	76.0	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	76.5	+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 Mar 2026 19.8%

Average · 10 yrs 17.0%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	15.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.3	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	15.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	15.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	16.5	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	16.9	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	17.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	18.7	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	19.1	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	19.8	+0.6pp	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 Mar 2026 ¥2.56tn

CAGR · 10 yrs +2.8%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	1,998	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,148	+7.5%	Cons. · Japanese GAAP
FYE Mar 2019	2,194	+2.2%	Cons. · Japanese GAAP
FYE Mar 2020	2,143	−2.3%	Cons. · Japanese GAAP
FYE Mar 2021	2,364	+10.3%	Cons. · Japanese GAAP
FYE Mar 2022	2,288	−3.2%	Cons. · Japanese GAAP
FYE Mar 2023	2,239	−2.2%	Cons. · Japanese GAAP
FYE Mar 2024	2,433	+8.7%	Cons. · Japanese GAAP
FYE Mar 2025	2,515	+3.4%	Cons. · Japanese GAAP
FYE Mar 2026	2,558	+1.7%	Cons. · Japanese GAAP

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

Equity net assets, shareholders' equity

FYE Mar 2026 ¥1.34tn

CAGR · 10 yrs +3.1%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	1,020	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,136	+11.4%	Cons. · Japanese GAAP
FYE Mar 2019	1,167	+2.7%	Cons. · Japanese GAAP
FYE Mar 2020	1,183	+1.3%	Cons. · Japanese GAAP
FYE Mar 2021	1,324	+11.9%	Cons. · Japanese GAAP
FYE Mar 2022	1,366	+3.2%	Cons. · Japanese GAAP
FYE Mar 2023	1,325	−3.0%	Cons. · Japanese GAAP
FYE Mar 2024	1,417	+6.9%	Cons. · Japanese GAAP
FYE Mar 2025	1,294	−8.7%	Cons. · Japanese GAAP
FYE Mar 2026	1,337	+3.4%	Cons. · Japanese GAAP

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

Interest-bearing debt

FYE Mar 2026 ¥343bn

CAGR · 10 yrs +18.5%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	74.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	93.7	+25.6%	Cons. · Japanese GAAP
FYE Mar 2019	111	+18.6%	Cons. · Japanese GAAP
FYE Mar 2020	126	+13.9%	Cons. · Japanese GAAP
FYE Mar 2021	224	+77.2%	Cons. · Japanese GAAP
FYE Mar 2022	154	−31.5%	Cons. · Japanese GAAP
FYE Mar 2023	161	+5.1%	Cons. · Japanese GAAP
FYE Mar 2024	122	−24.4%	Cons. · Japanese GAAP
FYE Mar 2025	390	+220.0%	Cons. · Japanese GAAP
FYE Mar 2026	343	−12.1%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Mar 2026 ¥125bn

CAGR · 10 yrs +32.1%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	10.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	32.7	+219.7%	Cons. · Japanese GAAP
FYE Mar 2019	32.7	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	33.3	+2.0%	Cons. · Japanese GAAP
FYE Mar 2021	30.6	−8.3%	Cons. · Japanese GAAP
FYE Mar 2022	15.3	−50.0%	Cons. · Japanese GAAP
FYE Mar 2023	27.1	+77.4%	Cons. · Japanese GAAP
FYE Mar 2024	19.0	−29.8%	Cons. · Japanese GAAP
FYE Mar 2025	313	+1542.6%	Cons. · Japanese GAAP
FYE Mar 2026	125	−60.0%	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 Mar 2026 ¥218bn

CAGR · 10 yrs +10.9%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	86.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	81.6	−5.4%	Cons. · Japanese GAAP
FYE Mar 2019	81.6	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	97.6	+19.7%	Cons. · Japanese GAAP
FYE Mar 2021	204	+108.7%	Cons. · Japanese GAAP
FYE Mar 2022	149	−26.9%	Cons. · Japanese GAAP
FYE Mar 2023	147	−1.4%	Cons. · Japanese GAAP
FYE Mar 2024	139	−4.9%	Cons. · Japanese GAAP
FYE Mar 2025	105	−24.8%	Cons. · Japanese GAAP
FYE Mar 2026	218	+108.0%	Cons. · Japanese GAAP

Definition: Borrowings repayable in more than a year
Formula: Long-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Bonds

FYE Mar 2026 n/a

CAGR · 9 yrs −13.5%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	160	n/a	Cons. · Japanese GAAP
FYE Mar 2018	160	−0.0%	Cons. · Japanese GAAP
FYE Mar 2019	160	−0.0%	Cons. · Japanese GAAP
FYE Mar 2020	120	−25.0%	Cons. · Japanese GAAP
FYE Mar 2021	90.0	−25.0%	Cons. · Japanese GAAP
FYE Mar 2022	90.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2023	50.0	−44.4%	Cons. · Japanese GAAP
FYE Mar 2024	50.0	+0.1%	Cons. · Japanese GAAP
FYE Mar 2025	50.0	−0.1%	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

Definition: Bonds outstanding
Formula: Bonds line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥281bn

CAGR · 10 yrs +30.8%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	25.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.6	+41.8%	Cons. · Japanese GAAP
FYE Mar 2019	37.3	+4.8%	Cons. · Japanese GAAP
FYE Mar 2020	49.6	+32.9%	Cons. · Japanese GAAP
FYE Mar 2021	48.2	−2.9%	Cons. · Japanese GAAP
FYE Mar 2022	83.5	+73.3%	Cons. · Japanese GAAP
FYE Mar 2023	85.4	+2.2%	Cons. · Japanese GAAP
FYE Mar 2024	91.1	+6.7%	Cons. · Japanese GAAP
FYE Mar 2025	87.3	−4.2%	Cons. · Japanese GAAP
FYE Mar 2026	281	+222.6%	Cons. · Japanese GAAP

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

Goodwill

FYE Mar 2026 ¥104bn

CAGR · 6 yrs +55.6%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2021	11.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	27.5	+141.6%	Cons. · Japanese GAAP
FYE Mar 2023	22.9	−16.5%	Cons. · Japanese GAAP
FYE Mar 2024	23.9	+4.4%	Cons. · Japanese GAAP
FYE Mar 2025	22.4	−6.6%	Cons. · Japanese GAAP
FYE Mar 2026	104	+364.4%	Cons. · Japanese GAAP

Definition: What an acquisition cost above the net assets it brought
Formula: Goodwill line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Mar 2026 52.3%

Average · 10 yrs 54.9%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	51.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	52.9	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2019	53.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	55.2	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2021	56.0	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	59.7	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2023	59.2	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	58.2	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2025	51.4	−6.8pp	Cons. · Japanese GAAP
FYE Mar 2026	52.3	+0.8pp	Cons. · Japanese GAAP

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

Debt-to-equity ratio D/E ratio

FYE Mar 2026 25.7%

Average · 10 yrs 14.1%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	7.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.2	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	9.5	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	10.7	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	16.9	+6.2pp	Cons. · Japanese GAAP
FYE Mar 2022	11.2	−5.7pp	Cons. · Japanese GAAP
FYE Mar 2023	12.2	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	8.6	−3.6pp	Cons. · Japanese GAAP
FYE Mar 2025	30.2	+21.6pp	Cons. · Japanese GAAP
FYE Mar 2026	25.7	−4.5pp	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 Mar 2026 4.8%

Average · 10 yrs 5.5%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	3.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.7	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	3.5	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	7.4	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2021	6.2	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2022	9.0	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2023	4.6	−4.4pp	Cons. · Japanese GAAP
FYE Mar 2024	5.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	6.9	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2026	4.8	−2.1pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 2.5%

Average · 10 yrs 3.0%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	1.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	4.1	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2021	3.5	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	5.4	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2023	2.7	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2024	3.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	3.6	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	2.5	−1.0pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.71×

CAGR · 10 yrs −0.2%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.72	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.68	−5.6%	Cons. · Japanese GAAP
FYE Mar 2019	0.67	−1.3%	Cons. · Japanese GAAP
FYE Mar 2020	0.69	+3.9%	Cons. · Japanese GAAP
FYE Mar 2021	0.62	−10.5%	Cons. · Japanese GAAP
FYE Mar 2022	0.68	+9.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.73	+8.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.69	−5.7%	Cons. · Japanese GAAP
FYE Mar 2025	0.68	−1.0%	Cons. · Japanese GAAP
FYE Mar 2026	0.71	+3.3%	Cons. · Japanese GAAP

Definition: How much revenue each yen of assets produces
Formula: Revenue ÷ total assets
Source: Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Mar 2026 ¥86bn

CAGR · 10 yrs −0.6%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	90.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	71.8	−20.9%	Cons. · Japanese GAAP
FYE Mar 2019	76.8	+6.9%	Cons. · Japanese GAAP
FYE Mar 2020	92.1	+20.0%	Cons. · Japanese GAAP
FYE Mar 2021	76.9	−16.6%	Cons. · Japanese GAAP
FYE Mar 2022	64.7	−15.8%	Cons. · Japanese GAAP
FYE Mar 2023	106	+63.8%	Cons. · Japanese GAAP
FYE Mar 2024	157	+48.1%	Cons. · Japanese GAAP
FYE Mar 2025	64.8	−58.8%	Cons. · Japanese GAAP
FYE Mar 2026	86.1	+32.9%	Cons. · Japanese GAAP

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

Investing cash flow

FYE Mar 2026 -¥382bn

Average · 10 yrs -¥49bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-40.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-75.1	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-73.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-35.1	n/a	Cons. · Japanese GAAP
FYE Mar 2021	81.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	32.8	−59.6%	Cons. · Japanese GAAP
FYE Mar 2023	-31.4	−195.8%	Cons. · Japanese GAAP
FYE Mar 2024	-8.3	n/a	Cons. · Japanese GAAP
FYE Mar 2025	47.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-382	−912.8%	Cons. · Japanese GAAP

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

Financing cash flow

FYE Mar 2026 -¥29bn

Average · 10 yrs -¥29bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-45.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-17.1	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-1.3	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-32.7	n/a	Cons. · Japanese GAAP
FYE Mar 2021	42.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-187	−542.9%	Cons. · Japanese GAAP
FYE Mar 2023	-50.1	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-85.7	n/a	Cons. · Japanese GAAP
FYE Mar 2025	120	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-28.9	−124.0%	Cons. · Japanese GAAP

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

Cash and equivalents

FYE Mar 2026 ¥411bn

CAGR · 10 yrs +3.8%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	295	n/a	Cons. · Japanese GAAP
FYE Mar 2018	273	−7.4%	Cons. · Japanese GAAP
FYE Mar 2019	273	−0.1%	Cons. · Japanese GAAP
FYE Mar 2020	297	+8.7%	Cons. · Japanese GAAP
FYE Mar 2021	497	+67.5%	Cons. · Japanese GAAP
FYE Mar 2022	414	−16.7%	Cons. · Japanese GAAP
FYE Mar 2023	448	+8.0%	Cons. · Japanese GAAP
FYE Mar 2024	523	+16.8%	Cons. · Japanese GAAP
FYE Mar 2025	753	+44.1%	Cons. · Japanese GAAP
FYE Mar 2026	411	−45.4%	Cons. · Japanese GAAP

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

Free cash flow

FYE Mar 2026 -¥296bn

Average · 10 yrs ¥40bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	50.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-3.2	−106.4%	Cons. · Japanese GAAP
FYE Mar 2019	2.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	57.0	+1871.3%	Cons. · Japanese GAAP
FYE Mar 2021	158	+177.4%	Cons. · Japanese GAAP
FYE Mar 2022	97.6	−38.3%	Cons. · Japanese GAAP
FYE Mar 2023	74.7	−23.5%	Cons. · Japanese GAAP
FYE Mar 2024	149	+99.4%	Cons. · Japanese GAAP
FYE Mar 2025	112	−24.9%	Cons. · Japanese GAAP
FYE Mar 2026	-296	−364.8%	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 Mar 2026 4.8%

Average · 10 yrs 5.7%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	6.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.9	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	5.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	6.2	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	5.2	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	4.2	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	6.5	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2024	9.4	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2025	3.8	−5.6pp	Cons. · Japanese GAAP
FYE Mar 2026	4.8	+1.0pp	Cons. · Japanese GAAP

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

Net cash

FYE Mar 2026 ¥68bn

CAGR · 10 yrs −12.2%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	221	n/a	Cons. · Japanese GAAP
FYE Mar 2018	180	−18.5%	Cons. · Japanese GAAP
FYE Mar 2019	162	−9.9%	Cons. · Japanese GAAP
FYE Mar 2020	170	+5.2%	Cons. · Japanese GAAP
FYE Mar 2021	273	+60.3%	Cons. · Japanese GAAP
FYE Mar 2022	261	−4.5%	Cons. · Japanese GAAP
FYE Mar 2023	286	+9.8%	Cons. · Japanese GAAP
FYE Mar 2024	401	+40.0%	Cons. · Japanese GAAP
FYE Mar 2025	363	−9.5%	Cons. · Japanese GAAP
FYE Mar 2026	68.1	−81.2%	Cons. · Japanese GAAP

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

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

Market capitalisation

FYE Mar 2026 ¥1.21tn

Change · 10 yrs +¥416bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	794	n/a
FYE Mar 2018	611	n/a
FYE Mar 2019	584	n/a
FYE Mar 2020	579	n/a
FYE Mar 2021	654	n/a
FYE Mar 2022	757	n/a
FYE Mar 2023	932	n/a
FYE Mar 2024	1,275	n/a
FYE Mar 2025	1,292	n/a
FYE Mar 2026	1,210	n/a

Definition: What the market says the company is worth
Formula: Year-end share price × shares outstanding
Source: Securities report (XBRL)

Share price year-end close

FYE Mar 2026 4,105¥

Change · 10 yrs +2,971¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,135	n/a
FYE Mar 2018	873	n/a
FYE Mar 2019	1,671	n/a
FYE Mar 2020	1,655	n/a
FYE Mar 2021	1,869	n/a
FYE Mar 2022	2,166	n/a
FYE Mar 2023	2,665	n/a
FYE Mar 2024	3,880	n/a
FYE Mar 2025	4,055	n/a
FYE Mar 2026	4,105	n/a

Definition: The closing price on the last day of the fiscal year
Formula: Year-end closing price
Source: Securities report (XBRL)

Shares outstanding

FYE Mar 2026 294,706,000shares

Change · 10 yrs −404,706,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	699,412,000	Parent
FYE Mar 2018	699,412,000	Parent
FYE Mar 2019	349,706,000	Parent
FYE Mar 2020	349,706,000	Parent
FYE Mar 2021	349,706,000	Parent
FYE Mar 2022	349,706,000	Parent
FYE Mar 2023	349,706,000	Parent
FYE Mar 2024	328,706,000	Parent
FYE Mar 2025	318,706,000	Parent
FYE Mar 2026	294,706,000	Parent

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

EPS earnings per share

FYE Mar 2026 227.07¥

Change · 10 yrs +176.32¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	50.75	Cons.
FYE Mar 2018	131.32	Cons.
FYE Mar 2019	127.55	Cons.
FYE Mar 2020	261.06	Cons.
FYE Mar 2021	237.16	Cons.
FYE Mar 2022	365.21	Cons.
FYE Mar 2023	185.07	Cons.
FYE Mar 2024	230.96	Cons.
FYE Mar 2025	298.62	Cons.
FYE Mar 2026	227.07	Cons.

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

BPS book value per share

FYE Mar 2026 4,537.38¥

Change · 10 yrs +3,079.26¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,458.12	Cons. · Japanese GAAP
FYE Mar 2018	1,624.90	Cons. · Japanese GAAP
FYE Mar 2019	3,336.85	Cons. · Japanese GAAP
FYE Mar 2020	3,381.77	Cons. · Japanese GAAP
FYE Mar 2021	3,785.24	Cons. · Japanese GAAP
FYE Mar 2022	3,906.08	Cons. · Japanese GAAP
FYE Mar 2023	3,789.23	Cons. · Japanese GAAP
FYE Mar 2024	4,309.38	Cons. · Japanese GAAP
FYE Mar 2025	4,058.78	Cons. · Japanese GAAP
FYE Mar 2026	4,537.38	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 18.08×

Average · 10 yrs 13.18×

Fiscal year	PER ×	Basis
FYE Mar 2017	22.36	Cons.
FYE Mar 2018	13.30	Cons.
FYE Mar 2019	13.10	Cons.
FYE Mar 2020	6.34	Cons.
FYE Mar 2021	7.88	Cons.
FYE Mar 2022	5.93	Cons.
FYE Mar 2023	14.40	Cons.
FYE Mar 2024	16.80	Cons.
FYE Mar 2025	13.58	Cons.
FYE Mar 2026	18.08	Cons.

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

PBR price-to-book ratio

FYE Mar 2026 0.87×

Average · 10 yrs 0.65×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.72	Cons.
FYE Mar 2018	0.49	Cons.
FYE Mar 2019	0.46	Cons.
FYE Mar 2020	0.48	Cons.
FYE Mar 2021	0.48	Cons.
FYE Mar 2022	0.53	Cons.
FYE Mar 2023	0.66	Cons.
FYE Mar 2024	0.86	Cons.
FYE Mar 2025	0.91	Cons.
FYE Mar 2026	0.87	Cons.

Definition: The price measured against the book value behind it
Formula: Year-end price ÷ BPS
Source: Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Group employees

FYE Mar 2026 54,371people

Change · 10 yrs +3,666 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	50,705	n/a	Cons.
FYE Mar 2018	51,210	+1.0%	Cons.
FYE Mar 2019	51,712	+1.0%	Cons.
FYE Mar 2020	52,599	+1.7%	Cons.
FYE Mar 2021	52,401	−0.4%	Cons.
FYE Mar 2022	54,336	+3.7%	Cons.
FYE Mar 2023	53,946	−0.7%	Cons.
FYE Mar 2024	53,712	−0.4%	Cons.
FYE Mar 2025	51,988	−3.2%	Cons.
FYE Mar 2026	54,371	+4.6%	Cons.

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

Parent-company employees

FYE Mar 2026 1,430people

Change · 10 yrs −8,121 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	9,551	n/a	Parent
FYE Mar 2018	9,699	+1.5%	Parent
FYE Mar 2019	9,993	+3.0%	Parent
FYE Mar 2020	10,330	+3.4%	Parent
FYE Mar 2021	10,730	+3.9%	Parent
FYE Mar 2022	10,951	+2.1%	Parent
FYE Mar 2023	10,843	−1.0%	Parent
FYE Mar 2024	1,676	−84.5%	Parent
FYE Mar 2025	1,723	+2.8%	Parent
FYE Mar 2026	1,430	−17.0%	Parent

Definition: Employees of the filing company itself
Formula: Parent-only headcount, from the employee section of the filing
Source: Securities report (XBRL)

Average annual pay parent company

FYE Mar 2026 ¥8.7m

Change · 10 yrs +¥1.7m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	7.0	n/a	Parent
FYE Mar 2018	6.9	−0.7%	Parent
FYE Mar 2019	6.6	−3.8%	Parent
FYE Mar 2020	6.8	+2.5%	Parent
FYE Mar 2021	6.8	−0.5%	Parent
FYE Mar 2022	7.0	+3.3%	Parent
FYE Mar 2023	7.1	+0.8%	Parent
FYE Mar 2024	7.6	+7.2%	Parent
FYE Mar 2025	8.2	+7.9%	Parent
FYE Mar 2026	8.7	+6.3%	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 Mar 2026 42.8years

Change · 8 yrs +0.5 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	42.3	n/a	Parent
FYE Mar 2020	42.6	+0.7%	Parent
FYE Mar 2021	42.8	+0.5%	Parent
FYE Mar 2022	42.9	+0.2%	Parent
FYE Mar 2023	43.0	+0.2%	Parent
FYE Mar 2024	43.0	−0.0%	Parent
FYE Mar 2025	43.0	−0.0%	Parent
FYE Mar 2026	42.8	−0.5%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Mar 2026 15.9years

Change · 10 yrs +1.7 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	14.2	n/a	Parent
FYE Mar 2018	14.2	−0.0%	Parent
FYE Mar 2019	14.2	−0.0%	Parent
FYE Mar 2020	13.8	−2.8%	Parent
FYE Mar 2021	13.5	−2.2%	Parent
FYE Mar 2022	13.3	−1.5%	Parent
FYE Mar 2023	13.7	+3.0%	Parent
FYE Mar 2024	14.8	+8.0%	Parent
FYE Mar 2025	15.4	+4.1%	Parent
FYE Mar 2026	15.9	+3.2%	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 Mar 2026 5,094people

Change · 10 yrs −1,218 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	6,312	n/a	n/a
FYE Mar 2018	6,668	+5.6%	n/a
FYE Mar 2019	5,435	−18.5%	n/a
FYE Mar 2020	5,503	+1.3%	n/a
FYE Mar 2021	5,802	+5.4%	n/a
FYE Mar 2022	5,773	−0.5%	n/a
FYE Mar 2023	5,561	−3.7%	n/a
FYE Mar 2024	5,498	−1.1%	n/a
FYE Mar 2025	5,717	+4.0%	n/a
FYE Mar 2026	5,094	−10.9%	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 Mar 2026 ¥33.2m

Change · 10 yrs +¥5.0m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	28.2	n/a	Cons.
FYE Mar 2018	28.4	+0.5%	Cons.
FYE Mar 2019	28.3	−0.2%	Cons.
FYE Mar 2020	28.3	−0.3%	Cons.
FYE Mar 2021	28.0	−0.9%	Cons.
FYE Mar 2022	28.5	+1.7%	Cons.
FYE Mar 2023	30.4	+6.7%	Cons.
FYE Mar 2024	31.2	+2.9%	Cons.
FYE Mar 2025	33.0	+5.8%	Cons.
FYE Mar 2026	33.2	+0.5%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥1.2m

Change · 10 yrs +¥0.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	1.0	n/a	Cons.
FYE Mar 2018	1.0	+0.3%	Cons.
FYE Mar 2019	0.9	−13.4%	Cons.
FYE Mar 2020	1.3	+42.8%	Cons.
FYE Mar 2021	1.1	−11.1%	Cons.
FYE Mar 2022	1.4	+20.6%	Cons.
FYE Mar 2023	1.4	+5.0%	Cons.
FYE Mar 2024	1.4	−2.6%	Cons.
FYE Mar 2025	1.6	+16.8%	Cons.
FYE Mar 2026	1.2	−23.7%	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.

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Data API

Toppan’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/7911/company.json ·/api/7911/history.json ·/api/7911/ceo.json ·/api/7911/financials.json ·/api/7911/financials/segment.json ·/api/7911/financials/pl.json ·/api/7911/financials/cf.json ·/api/7911/financials/bs.json ·/api/7911/financials/employee.json ·/api/7911/financials/stock.json ·/api/7911/financials.csv ·/api/7911/financials_history.csv

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