Financials

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

FYE Dec 2025 · Revenue¥195bnYoY −0.4%

FYE Dec 2025 · Operating profit¥4.0bnYoY −26.0%

FYE Dec 2025 · Net profit¥1.0bnYoY −74.0%

FYE Dec 2025 · Equity ratio45.1%YoY +0.3pp

FYE Dec 2025 · Group employees5,305YoY −92

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥116bn	n/a	-¥3.9bn	n/a	-3.4%	-¥7.4bn	Suzuki Junya	First serious loss; acquires Graphic Controls (US medical devices)
FYE Dec 2017Consolidated	¥160bn	+37.8%	¥6.3bn	n/a	3.9%	¥6.7bn	Suzuki Junya	Renamed NISSHA Co., Ltd.
FYE Dec 2018Consolidated	¥204bn	+28.0%	¥7.0bn	+10.8%	3.4%	¥4.3bn	Suzuki Junya	Record sales of ¥207.4bn; exits Tokyo commercial printing
FYE Dec 2019Consolidated	¥174bn	−14.8%	-¥16bn	−333.7%	-9.3%	-¥4.1bn	Suzuki Junya	¥15.8bn of impairments; Yachiyo plant site sold
FYE Dec 2020Consolidated	¥180bn	+3.4%	¥7.3bn	n/a	4.0%	¥7.1bn	Suzuki Junya	About 250 voluntary redundancies
FYE Dec 2021Consolidated	¥189bn	+5.2%	¥17bn	+138.6%	9.2%	¥16bn	Suzuki Junya	Sequel and RSS acquired — medical becomes the third pillar
FYE Dec 2022Consolidated	¥194bn	+2.5%	¥9.5bn	−45.2%	4.9%	¥10bn	Suzuki Junya	—
FYE Dec 2023Consolidated	¥168bn	−13.5%	-¥3.8bn	−140.1%	-2.3%	-¥3.0bn	Suzuki Junya	Goodwill write-downs push the group back into operating loss
FYE Dec 2024Consolidated	¥196bn	+16.6%	¥5.5bn	n/a	2.8%	¥3.9bn	Suzuki Junya	Eighth medium-term plan prioritises medical for capital allocation
FYE Dec 2025Consolidated	¥195bn	−0.4%	¥4.0bn	−26.0%	2.1%	¥1.0bn	Suzuki Junya	—

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 Other operating costs Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Dec 2025 ¥195bn

CAGR · 10 yrs +6.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	116	n/a	Cons. · Japanese GAAP
FYE Dec 2017	160	+37.8%	Cons. · Japanese GAAP
FYE Dec 2018	204	+28.0%	Cons. · Japanese GAAP
FYE Dec 2019	174	moved to IFRS	Cons. · IFRS
FYE Dec 2020	180	+3.4%	Cons. · IFRS
FYE Dec 2021	189	+5.2%	Cons. · IFRS
FYE Dec 2022	194	+2.5%	Cons. · IFRS
FYE Dec 2023	168	−13.5%	Cons. · IFRS
FYE Dec 2024	196	+16.6%	Cons. · IFRS
FYE Dec 2025	195	−0.4%	Cons. · IFRS

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 ¥151bn

CAGR · 10 yrs +4.8%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	98.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	133	+34.8%	Cons. · Japanese GAAP
FYE Dec 2018	166	+24.8%	Cons. · Japanese GAAP
FYE Dec 2019	150	moved to IFRS	Cons. · IFRS
FYE Dec 2020	143	−4.5%	Cons. · IFRS
FYE Dec 2021	145	+1.1%	Cons. · IFRS
FYE Dec 2022	152	+4.6%	Cons. · IFRS
FYE Dec 2023	135	−10.8%	Cons. · IFRS
FYE Dec 2024	152	+12.4%	Cons. · IFRS
FYE Dec 2025	151	−0.4%	Cons. · IFRS

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 ¥44bn

CAGR · 10 yrs +11.1%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	16.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	26.2	+55.0%	Cons. · Japanese GAAP
FYE Dec 2018	37.9	+44.4%	Cons. · Japanese GAAP
FYE Dec 2019	24.1	moved to IFRS	Cons. · IFRS
FYE Dec 2020	36.8	+52.5%	Cons. · IFRS
FYE Dec 2021	44.5	+20.8%	Cons. · IFRS
FYE Dec 2022	42.4	−4.6%	Cons. · IFRS
FYE Dec 2023	32.6	−23.1%	Cons. · IFRS
FYE Dec 2024	43.8	+34.3%	Cons. · IFRS
FYE Dec 2025	43.7	−0.2%	Cons. · IFRS

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 ¥38bn

CAGR · 10 yrs +7.0%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	20.8	n/a	Cons. · Japanese GAAP
FYE Dec 2017	19.9	−4.2%	Cons. · Japanese GAAP
FYE Dec 2018	29.2	+46.1%	Cons. · Japanese GAAP
FYE Dec 2019	27.7	moved to IFRS	Cons. · IFRS
FYE Dec 2020	26.0	−6.0%	Cons. · IFRS
FYE Dec 2021	27.2	+4.5%	Cons. · IFRS
FYE Dec 2022	31.1	+14.7%	Cons. · IFRS
FYE Dec 2023	33.0	+5.9%	Cons. · IFRS
FYE Dec 2024	37.2	+12.6%	Cons. · IFRS
FYE Dec 2025	38.4	+3.4%	Cons. · IFRS

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 ¥4.0bn

Average · 10 yrs ¥3.3bn

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	-3.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	6.3	n/a	Cons. · Japanese GAAP
FYE Dec 2018	7.0	+10.8%	Cons. · Japanese GAAP
FYE Dec 2019	-16.3	moved to IFRS	Cons. · IFRS
FYE Dec 2020	7.3	n/a	Cons. · IFRS
FYE Dec 2021	17.4	+138.6%	Cons. · IFRS
FYE Dec 2022	9.5	−45.2%	Cons. · IFRS
FYE Dec 2023	-3.8	−140.1%	Cons. · IFRS
FYE Dec 2024	5.5	n/a	Cons. · IFRS
FYE Dec 2025	4.0	−26.0%	Cons. · IFRS

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

Non-operating income

FYE Dec 2025 ¥1.4bn

CAGR · 10 yrs +13.5%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	0.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	2.0	+346.0%	Cons. · Japanese GAAP
FYE Dec 2018	0.7	−67.6%	Cons. · Japanese GAAP
FYE Dec 2019	1.1	moved to IFRS	Cons. · IFRS
FYE Dec 2020	0.9	−15.6%	Cons. · IFRS
FYE Dec 2021	3.2	+257.2%	Cons. · IFRS
FYE Dec 2022	3.8	+18.4%	Cons. · IFRS
FYE Dec 2023	2.9	−23.1%	Cons. · IFRS
FYE Dec 2024	2.5	−12.1%	Cons. · IFRS
FYE Dec 2025	1.4	−43.6%	Cons. · IFRS

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 ¥1.9bn

CAGR · 10 yrs +3.0%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	1.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.7	−49.2%	Cons. · Japanese GAAP
FYE Dec 2018	1.2	+67.2%	Cons. · Japanese GAAP
FYE Dec 2019	1.4	moved to IFRS	Cons. · IFRS
FYE Dec 2020	1.1	−21.4%	Cons. · IFRS
FYE Dec 2021	1.0	−7.3%	Cons. · IFRS
FYE Dec 2022	0.9	−12.5%	Cons. · IFRS
FYE Dec 2023	1.8	+101.1%	Cons. · IFRS
FYE Dec 2024	1.8	−2.2%	Cons. · IFRS
FYE Dec 2025	1.9	+6.8%	Cons. · IFRS

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 n/a

Average · 3 yrs ¥3.3bn

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	-4.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	7.6	n/a	Cons. · Japanese GAAP
FYE Dec 2018	7.4	−2.7%	Cons. · Japanese GAAP
FYE Dec 2019	n/a	moved to IFRS	Cons. · IFRS
FYE Dec 2020	n/a	n/a	Cons. · IFRS
FYE Dec 2021	n/a	n/a	Cons. · IFRS
FYE Dec 2022	n/a	n/a	Cons. · IFRS
FYE Dec 2023	n/a	n/a	Cons. · IFRS
FYE Dec 2024	n/a	n/a	Cons. · IFRS
FYE Dec 2025	n/a	n/a	Cons. · IFRS

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 n/a

CAGR · 3 yrs +109.6%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.3	−1.0%	Cons. · Japanese GAAP
FYE Dec 2018	1.3	+344.1%	Cons. · Japanese GAAP
FYE Dec 2019	n/a	moved to IFRS	Cons. · IFRS
FYE Dec 2020	n/a	n/a	Cons. · IFRS
FYE Dec 2021	n/a	n/a	Cons. · IFRS
FYE Dec 2022	n/a	n/a	Cons. · IFRS
FYE Dec 2023	n/a	n/a	Cons. · IFRS
FYE Dec 2024	n/a	n/a	Cons. · IFRS
FYE Dec 2025	n/a	n/a	Cons. · IFRS

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 ¥1.0bn

Average · 10 yrs ¥3.4bn

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	-7.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	6.7	n/a	Cons. · Japanese GAAP
FYE Dec 2018	4.3	−35.9%	Cons. · Japanese GAAP
FYE Dec 2019	-4.1	moved to IFRS	Cons. · IFRS
FYE Dec 2020	7.1	n/a	Cons. · IFRS
FYE Dec 2021	15.9	+124.6%	Cons. · IFRS
FYE Dec 2022	10.1	−36.1%	Cons. · IFRS
FYE Dec 2023	-3.0	−129.5%	Cons. · IFRS
FYE Dec 2024	3.9	n/a	Cons. · IFRS
FYE Dec 2025	1.0	−74.0%	Cons. · IFRS

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

Gross margin

FYE Dec 2025 22.4%

Average · 10 yrs 19.4%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	14.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	16.4	+1.8pp	Cons. · Japanese GAAP
FYE Dec 2018	18.5	+2.1pp	Cons. · Japanese GAAP
FYE Dec 2019	13.9	moved to IFRS	Cons. · IFRS
FYE Dec 2020	20.4	+6.6pp	Cons. · IFRS
FYE Dec 2021	23.5	+3.0pp	Cons. · IFRS
FYE Dec 2022	21.9	−1.6pp	Cons. · IFRS
FYE Dec 2023	19.4	−2.4pp	Cons. · IFRS
FYE Dec 2024	22.4	+2.9pp	Cons. · IFRS
FYE Dec 2025	22.4	−0.0pp	Cons. · IFRS

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Dec 2025 2.1%

Average · 10 yrs 1.5%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	-3.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	3.9	+7.3pp	Cons. · Japanese GAAP
FYE Dec 2018	3.4	−0.5pp	Cons. · Japanese GAAP
FYE Dec 2019	-9.3	moved to IFRS	Cons. · IFRS
FYE Dec 2020	4.0	+13.4pp	Cons. · IFRS
FYE Dec 2021	9.2	+5.1pp	Cons. · IFRS
FYE Dec 2022	4.9	−4.3pp	Cons. · IFRS
FYE Dec 2023	-2.3	−7.2pp	Cons. · IFRS
FYE Dec 2024	2.8	+5.1pp	Cons. · IFRS
FYE Dec 2025	2.1	−0.7pp	Cons. · IFRS

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

Ordinary margin

FYE Dec 2025 n/a

Average · 3 yrs 1.4%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	-4.2	n/a	Cons. · Japanese GAAP
FYE Dec 2017	4.8	+9.0pp	Cons. · Japanese GAAP
FYE Dec 2018	3.6	−1.1pp	Cons. · Japanese GAAP
FYE Dec 2019	n/a	moved to IFRS	Cons. · IFRS
FYE Dec 2020	n/a	n/a	Cons. · IFRS
FYE Dec 2021	n/a	n/a	Cons. · IFRS
FYE Dec 2022	n/a	n/a	Cons. · IFRS
FYE Dec 2023	n/a	n/a	Cons. · IFRS
FYE Dec 2024	n/a	n/a	Cons. · IFRS
FYE Dec 2025	n/a	n/a	Cons. · IFRS

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

Net margin

FYE Dec 2025 0.5%

Average · 10 yrs 1.6%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	-6.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	4.2	+10.6pp	Cons. · Japanese GAAP
FYE Dec 2018	2.1	−2.1pp	Cons. · Japanese GAAP
FYE Dec 2019	-2.4	moved to IFRS	Cons. · IFRS
FYE Dec 2020	3.9	+6.3pp	Cons. · IFRS
FYE Dec 2021	8.4	+4.5pp	Cons. · IFRS
FYE Dec 2022	5.2	−3.2pp	Cons. · IFRS
FYE Dec 2023	-1.8	−7.0pp	Cons. · IFRS
FYE Dec 2024	2.0	+3.8pp	Cons. · IFRS
FYE Dec 2025	0.5	−1.5pp	Cons. · IFRS

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

Cost-of-sales ratio

FYE Dec 2025 77.6%

Average · 10 yrs 80.6%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	85.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	83.6	−1.8pp	Cons. · Japanese GAAP
FYE Dec 2018	81.5	−2.1pp	Cons. · Japanese GAAP
FYE Dec 2019	86.1	moved to IFRS	Cons. · IFRS
FYE Dec 2020	79.6	−6.6pp	Cons. · IFRS
FYE Dec 2021	76.5	−3.0pp	Cons. · IFRS
FYE Dec 2022	78.1	+1.6pp	Cons. · IFRS
FYE Dec 2023	80.5	+2.4pp	Cons. · IFRS
FYE Dec 2024	77.6	−2.9pp	Cons. · IFRS
FYE Dec 2025	77.6	−0.0pp	Cons. · IFRS

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 19.7%

Average · 10 yrs 16.4%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	18.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	12.5	−5.5pp	Cons. · Japanese GAAP
FYE Dec 2018	14.3	+1.8pp	Cons. · Japanese GAAP
FYE Dec 2019	15.9	moved to IFRS	Cons. · IFRS
FYE Dec 2020	14.4	−1.5pp	Cons. · IFRS
FYE Dec 2021	14.3	−0.1pp	Cons. · IFRS
FYE Dec 2022	16.1	+1.7pp	Cons. · IFRS
FYE Dec 2023	19.7	+3.6pp	Cons. · IFRS
FYE Dec 2024	19.0	−0.7pp	Cons. · IFRS
FYE Dec 2025	19.7	+0.7pp	Cons. · IFRS

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 ¥250bn

CAGR · 10 yrs +3.6%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	183	n/a	Cons. · Japanese GAAP
FYE Dec 2017	225	+23.3%	Cons. · Japanese GAAP
FYE Dec 2018	203	−10.0%	Cons. · Japanese GAAP
FYE Dec 2019	191	moved to IFRS	Cons. · IFRS
FYE Dec 2020	200	+4.7%	Cons. · IFRS
FYE Dec 2021	209	+4.9%	Cons. · IFRS
FYE Dec 2022	230	+10.0%	Cons. · IFRS
FYE Dec 2023	218	−5.4%	Cons. · IFRS
FYE Dec 2024	252	+15.6%	Cons. · IFRS
FYE Dec 2025	250	−0.7%	Cons. · IFRS

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 ¥113bn

CAGR · 10 yrs +4.7%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	74.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	93.8	+26.1%	Cons. · Japanese GAAP
FYE Dec 2018	90.3	−3.7%	Cons. · Japanese GAAP
FYE Dec 2019	86.3	moved to IFRS	Cons. · IFRS
FYE Dec 2020	81.9	−5.0%	Cons. · IFRS
FYE Dec 2021	98.3	+20.0%	Cons. · IFRS
FYE Dec 2022	112	+13.5%	Cons. · IFRS
FYE Dec 2023	111	−0.6%	Cons. · IFRS
FYE Dec 2024	113	+1.7%	Cons. · IFRS
FYE Dec 2025	113	−0.0%	Cons. · IFRS

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 ¥62bn

CAGR · 10 yrs +7.2%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	33.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	24.2	−27.5%	Cons. · Japanese GAAP
FYE Dec 2018	28.9	+19.5%	Cons. · Japanese GAAP
FYE Dec 2019	36.4	moved to IFRS	Cons. · IFRS
FYE Dec 2020	32.4	−11.0%	Cons. · IFRS
FYE Dec 2021	39.9	+23.1%	Cons. · IFRS
FYE Dec 2022	47.6	+19.4%	Cons. · IFRS
FYE Dec 2023	45.0	−5.4%	Cons. · IFRS
FYE Dec 2024	62.3	+38.3%	Cons. · IFRS
FYE Dec 2025	62.5	+0.3%	Cons. · IFRS

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

Short-term borrowings

FYE Dec 2025 ¥39bn

CAGR · 10 yrs +7.5%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	20.3	n/a	Cons. · Japanese GAAP
FYE Dec 2017	10.7	−47.4%	Cons. · Japanese GAAP
FYE Dec 2018	10.9	+1.8%	Cons. · Japanese GAAP
FYE Dec 2019	22.2	moved to IFRS	Cons. · IFRS
FYE Dec 2020	23.5	+6.2%	Cons. · IFRS
FYE Dec 2021	6.6	−72.1%	Cons. · IFRS
FYE Dec 2022	9.5	+43.8%	Cons. · IFRS
FYE Dec 2023	7.8	−17.2%	Cons. · IFRS
FYE Dec 2024	0.0	−100.0%	Cons. · IFRS
FYE Dec 2025	38.8	n/a	Cons. · IFRS

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 ¥24bn

CAGR · 10 yrs +6.8%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	13.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	13.5	+3.3%	Cons. · Japanese GAAP
FYE Dec 2018	13.5	+0.1%	Cons. · Japanese GAAP
FYE Dec 2019	14.2	moved to IFRS	Cons. · IFRS
FYE Dec 2020	8.9	−37.7%	Cons. · IFRS
FYE Dec 2021	33.3	+275.3%	Cons. · IFRS
FYE Dec 2022	38.2	+14.5%	Cons. · IFRS
FYE Dec 2023	37.2	−2.4%	Cons. · IFRS
FYE Dec 2024	45.3	+21.8%	Cons. · IFRS
FYE Dec 2025	23.7	−47.7%	Cons. · IFRS

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 ¥23bn

CAGR · 10 yrs −5.5%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	38.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	37.6	−2.3%	Cons. · Japanese GAAP
FYE Dec 2018	14.6	−61.3%	Cons. · Japanese GAAP
FYE Dec 2019	14.7	moved to IFRS	Cons. · IFRS
FYE Dec 2020	13.8	−6.2%	Cons. · IFRS
FYE Dec 2021	13.9	+0.6%	Cons. · IFRS
FYE Dec 2022	14.3	+2.7%	Cons. · IFRS
FYE Dec 2023	14.6	+2.8%	Cons. · IFRS
FYE Dec 2024	19.9	+36.1%	Cons. · IFRS
FYE Dec 2025	23.1	+16.1%	Cons. · IFRS

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

Goodwill

FYE Dec 2025 ¥33bn

CAGR · 10 yrs +3.8%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	23.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	23.6	−0.9%	Cons. · Japanese GAAP
FYE Dec 2018	19.9	−16.0%	Cons. · Japanese GAAP
FYE Dec 2019	18.5	moved to IFRS	Cons. · IFRS
FYE Dec 2020	18.6	+0.3%	Cons. · IFRS
FYE Dec 2021	20.2	+8.8%	Cons. · IFRS
FYE Dec 2022	21.4	+6.1%	Cons. · IFRS
FYE Dec 2023	20.2	−5.5%	Cons. · IFRS
FYE Dec 2024	31.8	+57.3%	Cons. · IFRS
FYE Dec 2025	33.3	+4.5%	Cons. · IFRS

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 45.1%

Average · 10 yrs 45.0%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	40.7	n/a	Cons. · Japanese GAAP
FYE Dec 2017	41.7	+0.9pp	Cons. · Japanese GAAP
FYE Dec 2018	44.6	+2.9pp	Cons. · Japanese GAAP
FYE Dec 2019	45.2	moved to IFRS	Cons. · IFRS
FYE Dec 2020	41.1	−4.2pp	Cons. · IFRS
FYE Dec 2021	47.0	+5.9pp	Cons. · IFRS
FYE Dec 2022	48.5	+1.5pp	Cons. · IFRS
FYE Dec 2023	50.9	+2.5pp	Cons. · IFRS
FYE Dec 2024	44.8	−6.1pp	Cons. · IFRS
FYE Dec 2025	45.1	+0.3pp	Cons. · IFRS

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 55.4%

Average · 10 yrs 41.9%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	44.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	25.8	−19.1pp	Cons. · Japanese GAAP
FYE Dec 2018	32.0	+6.2pp	Cons. · Japanese GAAP
FYE Dec 2019	42.2	moved to IFRS	Cons. · IFRS
FYE Dec 2020	39.6	−2.7pp	Cons. · IFRS
FYE Dec 2021	40.6	+1.0pp	Cons. · IFRS
FYE Dec 2022	42.7	+2.1pp	Cons. · IFRS
FYE Dec 2023	40.6	−2.1pp	Cons. · IFRS
FYE Dec 2024	55.2	+14.6pp	Cons. · IFRS
FYE Dec 2025	55.4	+0.2pp	Cons. · IFRS

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 0.9%

Average · 10 yrs 3.3%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	-10.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	7.2	+17.1pp	Cons. · Japanese GAAP
FYE Dec 2018	4.8	−2.4pp	Cons. · Japanese GAAP
FYE Dec 2019	-4.8	moved to IFRS	Cons. · IFRS
FYE Dec 2020	8.6	+13.4pp	Cons. · IFRS
FYE Dec 2021	16.1	+7.5pp	Cons. · IFRS
FYE Dec 2022	9.1	−7.0pp	Cons. · IFRS
FYE Dec 2023	-2.7	−11.8pp	Cons. · IFRS
FYE Dec 2024	3.4	+6.1pp	Cons. · IFRS
FYE Dec 2025	0.9	−2.5pp	Cons. · IFRS

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

ROA return on assets

FYE Dec 2025 0.4%

Average · 10 yrs 1.5%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	-4.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	3.0	+7.0pp	Cons. · Japanese GAAP
FYE Dec 2018	2.1	−0.9pp	Cons. · Japanese GAAP
FYE Dec 2019	-2.2	moved to IFRS	Cons. · IFRS
FYE Dec 2020	3.5	+5.7pp	Cons. · IFRS
FYE Dec 2021	7.6	+4.0pp	Cons. · IFRS
FYE Dec 2022	4.4	−3.2pp	Cons. · IFRS
FYE Dec 2023	-1.4	−5.8pp	Cons. · IFRS
FYE Dec 2024	1.5	+2.9pp	Cons. · IFRS
FYE Dec 2025	0.4	−1.1pp	Cons. · IFRS

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

Asset turnover

FYE Dec 2025 0.78×

CAGR · 10 yrs +2.3%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.63	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.71	+11.8%	Cons. · Japanese GAAP
FYE Dec 2018	1.01	+42.3%	Cons. · Japanese GAAP
FYE Dec 2019	0.91	moved to IFRS	Cons. · IFRS
FYE Dec 2020	0.90	−1.2%	Cons. · IFRS
FYE Dec 2021	0.90	+0.3%	Cons. · IFRS
FYE Dec 2022	0.84	−6.8%	Cons. · IFRS
FYE Dec 2023	0.77	−8.6%	Cons. · IFRS
FYE Dec 2024	0.78	+0.9%	Cons. · IFRS
FYE Dec 2025	0.78	+0.3%	Cons. · IFRS

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 ¥9.2bn

Average · 10 yrs ¥9.9bn

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-2.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	28.8	n/a	Cons. · Japanese GAAP
FYE Dec 2018	4.2	−85.3%	Cons. · Japanese GAAP
FYE Dec 2019	0.2	moved to IFRS	Cons. · IFRS
FYE Dec 2020	14.6	+8830.5%	Cons. · IFRS
FYE Dec 2021	18.8	+28.3%	Cons. · IFRS
FYE Dec 2022	12.0	−35.9%	Cons. · IFRS
FYE Dec 2023	1.5	−87.7%	Cons. · IFRS
FYE Dec 2024	12.3	+728.5%	Cons. · IFRS
FYE Dec 2025	9.2	−25.2%	Cons. · IFRS

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

Investing cash flow

FYE Dec 2025 -¥14bn

Average · 10 yrs -¥10.0bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-23.3	n/a	Cons. · Japanese GAAP
FYE Dec 2017	-11.7	n/a	Cons. · Japanese GAAP
FYE Dec 2018	-14.2	n/a	Cons. · Japanese GAAP
FYE Dec 2019	-4.9	moved to IFRS	Cons. · IFRS
FYE Dec 2020	-1.4	n/a	Cons. · IFRS
FYE Dec 2021	-6.9	n/a	Cons. · IFRS
FYE Dec 2022	-4.4	n/a	Cons. · IFRS
FYE Dec 2023	-8.0	n/a	Cons. · IFRS
FYE Dec 2024	-11.4	n/a	Cons. · IFRS
FYE Dec 2025	-13.8	n/a	Cons. · IFRS

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

Financing cash flow

FYE Dec 2025 -¥8.4bn

Average · 10 yrs -¥1.6bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	6.8	n/a	Cons. · Japanese GAAP
FYE Dec 2017	-11.2	−264.3%	Cons. · Japanese GAAP
FYE Dec 2018	-2.4	n/a	Cons. · Japanese GAAP
FYE Dec 2019	5.1	moved to IFRS	Cons. · IFRS
FYE Dec 2020	-6.0	−218.1%	Cons. · IFRS
FYE Dec 2021	2.6	n/a	Cons. · IFRS
FYE Dec 2022	1.1	−58.5%	Cons. · IFRS
FYE Dec 2023	-12.6	−1267.2%	Cons. · IFRS
FYE Dec 2024	9.1	n/a	Cons. · IFRS
FYE Dec 2025	-8.4	−191.5%	Cons. · IFRS

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 ¥39bn

CAGR · 10 yrs +6.6%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	22.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	29.3	+32.6%	Cons. · Japanese GAAP
FYE Dec 2018	16.8	−42.8%	Cons. · Japanese GAAP
FYE Dec 2019	17.5	moved to IFRS	Cons. · IFRS
FYE Dec 2020	25.1	+43.2%	Cons. · IFRS
FYE Dec 2021	42.3	+68.9%	Cons. · IFRS
FYE Dec 2022	54.3	+28.3%	Cons. · IFRS
FYE Dec 2023	37.9	−30.3%	Cons. · IFRS
FYE Dec 2024	51.0	+34.6%	Cons. · IFRS
FYE Dec 2025	39.2	−23.1%	Cons. · IFRS

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 -¥4.6bn

Average · 10 yrs -¥0.1bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	-25.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	17.1	n/a	Cons. · Japanese GAAP
FYE Dec 2018	-9.9	−158.2%	Cons. · Japanese GAAP
FYE Dec 2019	-4.7	moved to IFRS	Cons. · IFRS
FYE Dec 2020	13.3	n/a	Cons. · IFRS
FYE Dec 2021	11.9	−10.3%	Cons. · IFRS
FYE Dec 2022	7.7	−35.8%	Cons. · IFRS
FYE Dec 2023	-6.5	−185.4%	Cons. · IFRS
FYE Dec 2024	0.9	n/a	Cons. · IFRS
FYE Dec 2025	-4.6	−627.0%	Cons. · IFRS

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 4.7%

Average · 10 yrs 5.4%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	-2.2	n/a	Cons. · Japanese GAAP
FYE Dec 2017	18.0	+20.3pp	Cons. · Japanese GAAP
FYE Dec 2018	2.1	−16.0pp	Cons. · Japanese GAAP
FYE Dec 2019	0.1	moved to IFRS	Cons. · IFRS
FYE Dec 2020	8.1	+8.0pp	Cons. · IFRS
FYE Dec 2021	9.9	+1.8pp	Cons. · IFRS
FYE Dec 2022	6.2	−3.7pp	Cons. · IFRS
FYE Dec 2023	0.9	−5.3pp	Cons. · IFRS
FYE Dec 2024	6.3	+5.4pp	Cons. · IFRS
FYE Dec 2025	4.7	−1.6pp	Cons. · IFRS

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

Net cash

FYE Dec 2025 -¥23bn

Average · 10 yrs -¥7.7bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-11.3	n/a	Cons. · Japanese GAAP
FYE Dec 2017	5.1	n/a	Cons. · Japanese GAAP
FYE Dec 2018	-12.1	−337.6%	Cons. · Japanese GAAP
FYE Dec 2019	-18.9	moved to IFRS	Cons. · IFRS
FYE Dec 2020	-7.3	n/a	Cons. · IFRS
FYE Dec 2021	2.4	n/a	Cons. · IFRS
FYE Dec 2022	6.7	+174.7%	Cons. · IFRS
FYE Dec 2023	-7.2	−207.1%	Cons. · IFRS
FYE Dec 2024	-11.3	n/a	Cons. · IFRS
FYE Dec 2025	-23.3	n/a	Cons. · IFRS

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 ¥60bn

Change · 7 yrs −¥107bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	n/a	n/a
FYE Dec 2017	167	n/a
FYE Dec 2018	66.7	n/a
FYE Dec 2019	n/a	n/a
FYE Dec 2020	76.2	n/a
FYE Dec 2021	84.2	n/a
FYE Dec 2022	93.2	n/a
FYE Dec 2023	n/a	n/a
FYE Dec 2024	82.9	n/a
FYE Dec 2025	60.1	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 1,251¥

Change · 7 yrs −2,030¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	n/a	n/a
FYE Dec 2017	3,281	n/a
FYE Dec 2018	1,311	n/a
FYE Dec 2019	n/a	n/a
FYE Dec 2020	1,498	n/a
FYE Dec 2021	1,655	n/a
FYE Dec 2022	1,833	n/a
FYE Dec 2023	n/a	n/a
FYE Dec 2024	1,631	n/a
FYE Dec 2025	1,251	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 48,016,000shares

Change · 10 yrs +1,194,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	46,822,000	Parent
FYE Dec 2017	50,810,000	Parent
FYE Dec 2018	50,855,000	Parent
FYE Dec 2019	50,855,000	Parent
FYE Dec 2020	50,855,000	Parent
FYE Dec 2021	50,855,000	Parent
FYE Dec 2022	50,855,000	Parent
FYE Dec 2023	50,855,000	Parent
FYE Dec 2024	50,855,000	Parent
FYE Dec 2025	48,016,000	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 21.13¥

Change · 10 yrs +190.23¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	-169.10	Cons.
FYE Dec 2017	139.72	Cons.
FYE Dec 2018	89.79	Cons.
FYE Dec 2019	-344.27	Cons.
FYE Dec 2020	141.34	Cons.
FYE Dec 2021	318.35	Cons.
FYE Dec 2022	203.65	Cons.
FYE Dec 2023	-61.13	Cons.
FYE Dec 2024	79.93	Cons.
FYE Dec 2025	21.13	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 2,348.40¥

Change · 10 yrs +759.81¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,588.59	Cons. · Japanese GAAP
FYE Dec 2017	1,846.39	Cons. · Japanese GAAP
FYE Dec 2018	1,776.48	Cons. · Japanese GAAP
FYE Dec 2019	1,696.16	Cons. · IFRS
FYE Dec 2020	1,611.01	Cons. · IFRS
FYE Dec 2021	1,932.77	Cons. · IFRS
FYE Dec 2022	2,194.22	Cons. · IFRS
FYE Dec 2023	2,182.15	Cons. · IFRS
FYE Dec 2024	2,218.29	Cons. · IFRS
FYE Dec 2025	2,348.40	Cons. · IFRS

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

PER price-to-earnings ratio

FYE Dec 2025 59.20×

Average · 7 yrs 20.35×

Fiscal year	PER ×	Basis
FYE Mar 2017	n/a	Cons.
FYE Dec 2017	23.48	Cons.
FYE Dec 2018	14.60	Cons.
FYE Dec 2019	n/a	Cons.
FYE Dec 2020	10.60	Cons.
FYE Dec 2021	5.20	Cons.
FYE Dec 2022	9.00	Cons.
FYE Dec 2023	n/a	Cons.
FYE Dec 2024	20.40	Cons.
FYE Dec 2025	59.20	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 0.51×

Average · 7 yrs 0.89×

Fiscal year	PBR ×	Basis
FYE Mar 2017	n/a	Cons.
FYE Dec 2017	1.74	Cons.
FYE Dec 2018	0.71	Cons.
FYE Dec 2019	n/a	Cons.
FYE Dec 2020	0.91	Cons.
FYE Dec 2021	0.84	Cons.
FYE Dec 2022	0.81	Cons.
FYE Dec 2023	n/a	Cons.
FYE Dec 2024	0.68	Cons.
FYE Dec 2025	0.51	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 5,305people

Change · 10 yrs +172 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	5,133	n/a	Cons.
FYE Dec 2017	5,322	+3.7%	Cons.
FYE Dec 2018	5,844	+9.8%	Cons.
FYE Dec 2019	5,718	−2.2%	Cons.
FYE Dec 2020	5,390	−5.7%	Cons.
FYE Dec 2021	5,409	+0.4%	Cons.
FYE Dec 2022	5,325	−1.6%	Cons.
FYE Dec 2023	5,221	−2.0%	Cons.
FYE Dec 2024	5,397	+3.4%	Cons.
FYE Dec 2025	5,305	−1.7%	Cons.

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

Parent-company employees

FYE Dec 2025 724people

Change · 10 yrs −78 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	802	n/a	Parent
FYE Dec 2017	791	−1.4%	Parent
FYE Dec 2018	819	+3.5%	Parent
FYE Dec 2019	819	−0.0%	Parent
FYE Dec 2020	720	−12.1%	Parent
FYE Dec 2021	731	+1.5%	Parent
FYE Dec 2022	710	−2.9%	Parent
FYE Dec 2023	720	+1.4%	Parent
FYE Dec 2024	758	+5.3%	Parent
FYE Dec 2025	724	−4.5%	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 742万円

Change · 7 yrs +76万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Dec 2017	n/a	n/a	Parent
FYE Dec 2018	n/a	n/a	Parent
FYE Dec 2019	666	n/a	Parent
FYE Dec 2020	629	−5.5%	Parent
FYE Dec 2021	685	+9.0%	Parent
FYE Dec 2022	708	+3.3%	Parent
FYE Dec 2023	713	+0.6%	Parent
FYE Dec 2024	737	+3.4%	Parent
FYE Dec 2025	742	+0.6%	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 42.6years

Change · 7 yrs +1.3 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Dec 2017	n/a	n/a	Parent
FYE Dec 2018	n/a	n/a	Parent
FYE Dec 2019	41.3	n/a	Parent
FYE Dec 2020	41.5	+0.5%	Parent
FYE Dec 2021	42.2	+1.7%	Parent
FYE Dec 2022	42.9	+1.7%	Parent
FYE Dec 2023	42.9	−0.0%	Parent
FYE Dec 2024	42.8	−0.2%	Parent
FYE Dec 2025	42.6	−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 Dec 2025 15.7years

Change · 7 yrs +1.5 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Dec 2017	n/a	n/a	Parent
FYE Dec 2018	n/a	n/a	Parent
FYE Dec 2019	14.2	n/a	Parent
FYE Dec 2020	14.4	+1.4%	Parent
FYE Dec 2021	14.3	−0.7%	Parent
FYE Dec 2022	15.7	+9.8%	Parent
FYE Dec 2023	15.6	−0.6%	Parent
FYE Dec 2024	15.6	−0.0%	Parent
FYE Dec 2025	15.7	+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)

Revenue per employee

FYE Dec 2025 ¥36.7m

Change · 10 yrs +¥14.2m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	22.6	n/a	Cons.
FYE Dec 2017	30.0	+32.9%	Cons.
FYE Dec 2018	34.9	+16.6%	Cons.
FYE Dec 2019	30.4	n/a	Cons.
FYE Dec 2020	33.4	+9.7%	Cons.
FYE Dec 2021	35.0	+4.8%	Cons.
FYE Dec 2022	36.4	+4.1%	Cons.
FYE Dec 2023	32.1	−11.8%	Cons.
FYE Dec 2024	36.2	+12.8%	Cons.
FYE Dec 2025	36.7	+1.4%	Cons.

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

Operating profit per employee

FYE Dec 2025 ¥0.8m

Change · 10 yrs +¥1.5m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	-0.8	n/a	Cons.
FYE Dec 2017	1.2	n/a	Cons.
FYE Dec 2018	1.2	+0.9%	Cons.
FYE Dec 2019	-2.8	n/a	Cons.
FYE Dec 2020	1.4	n/a	Cons.
FYE Dec 2021	3.2	+137.7%	Cons.
FYE Dec 2022	1.8	−44.3%	Cons.
FYE Dec 2023	-0.7	−140.9%	Cons.
FYE Dec 2024	1.0	n/a	Cons.
FYE Dec 2025	0.8	−24.7%	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.

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

Data API

NISSHA’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/7915/company.json ·/api/7915/history.json ·/api/7915/ceo.json ·/api/7915/financials.json ·/api/7915/financials/segment.json ·/api/7915/financials/pl.json ·/api/7915/financials/cf.json ·/api/7915/financials/bs.json ·/api/7915/financials/employee.json ·/api/7915/financials/stock.json ·/api/7915/financials.csv ·/api/7915/financials_history.csv

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