Financials

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

FYE Mar 2026 · Revenue¥353bnYoY −0.1%

FYE Mar 2026 · Operating profit¥48bnYoY −2.3%

FYE Mar 2026 · Net profit¥34bnYoY −23.9%

FYE Mar 2026 · Equity ratio75.3%YoY +2.9pp

FYE Mar 2026 · Group employees8,886YoY −155

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥259bn	n/a	¥30bn	n/a	11.5%	¥20bn	Yamamoto Toshiyuki	—
FYE Mar 2018Consolidated	¥271bn	+4.6%	¥31bn	+3.6%	11.4%	¥21bn	Yamamoto Toshiyuki	Sells <em>The Japan Times</em>
FYE Mar 2019Consolidated	¥289bn	+6.5%	¥29bn	−6.7%	10.0%	¥21bn	Yamamoto Toshiyuki	—
FYE Mar 2020Consolidated	¥288bn	−0.3%	¥30bn	+3.1%	10.3%	¥18bn	Yamamoto Toshiyuki	—
FYE Mar 2021Consolidated	¥256bn	−11.1%	¥28bn	−6.9%	10.8%	¥18bn	Yamamoto Toshiyuki	—
FYE Mar 2022Consolidated	¥284bn	+10.8%	¥31bn	+10.3%	10.8%	¥23bn	Yamamoto Toshiyuki	<a class="en-history_person" href="/tse/7988/executives/ceo/shibao-masaharu/" hreflang="ja">Shibao Masaharu</a> becomes president and COO
FYE Mar 2023Consolidated	¥322bn	+13.4%	¥34bn	+12.8%	10.7%	¥21bn	Shibao Masaharu	—
FYE Mar 2024Consolidated	¥372bn	+15.5%	¥44bn	+27.5%	11.8%	¥18bn	Shibao Masaharu	Record results — ¥321.8bn sales, ¥34.4bn operating profit
FYE Mar 2025Consolidated	¥353bn	−5.0%	¥49bn	+12.0%	13.9%	¥45bn	Shibao Masaharu	German business sold to AEQUITA
FYE Mar 2026Consolidated	¥353bn	−0.1%	¥48bn	−2.3%	13.6%	¥34bn	Shibao Masaharu	Record profit; ROIC 18–20% set as the target

How it compares

Toyota Boshoku¥2.04tnFY2025Operating margin 2.6%Toyoda Gosei¥1.15tnFY2025Operating margin 6.9%Koito Manufacturing¥948bnFY2025Operating margin 5.4%

NOK¥738bnFY2025Operating margin 4.5%

TAKATA CORPORATIONDelisted 2017

TS Tech¥442bnFY2025Operating margin 2.3%

Nifco¥353bnFY2025Operating margin 13.6%

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 Mar 2026 ¥353bn

CAGR · 10 yrs +3.5%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	259	n/a	Cons. · Japanese GAAP
FYE Mar 2018	271	+4.6%	Cons. · Japanese GAAP
FYE Mar 2019	289	+6.5%	Cons. · Japanese GAAP
FYE Mar 2020	288	−0.3%	Cons. · Japanese GAAP
FYE Mar 2021	256	−11.1%	Cons. · Japanese GAAP
FYE Mar 2022	284	+10.8%	Cons. · Japanese GAAP
FYE Mar 2023	322	+13.4%	Cons. · Japanese GAAP
FYE Mar 2024	372	+15.5%	Cons. · Japanese GAAP
FYE Mar 2025	353	−5.0%	Cons. · Japanese GAAP
FYE Mar 2026	353	−0.1%	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 ¥245bn

CAGR · 10 yrs +3.4%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	182	n/a	Cons. · Japanese GAAP
FYE Mar 2018	192	+5.6%	Cons. · Japanese GAAP
FYE Mar 2019	211	+9.9%	Cons. · Japanese GAAP
FYE Mar 2020	210	−0.5%	Cons. · Japanese GAAP
FYE Mar 2021	185	−11.8%	Cons. · Japanese GAAP
FYE Mar 2022	207	+11.9%	Cons. · Japanese GAAP
FYE Mar 2023	236	+13.8%	Cons. · Japanese GAAP
FYE Mar 2024	270	+14.4%	Cons. · Japanese GAAP
FYE Mar 2025	246	−8.9%	Cons. · Japanese GAAP
FYE Mar 2026	245	−0.3%	Cons. · Japanese GAAP

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

Gross profit

FYE Mar 2026 ¥107bn

CAGR · 10 yrs +3.7%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	77.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	79.3	+2.1%	Cons. · Japanese GAAP
FYE Mar 2019	77.8	−1.9%	Cons. · Japanese GAAP
FYE Mar 2020	78.1	+0.3%	Cons. · Japanese GAAP
FYE Mar 2021	70.9	−9.2%	Cons. · Japanese GAAP
FYE Mar 2022	76.5	+8.0%	Cons. · Japanese GAAP
FYE Mar 2023	85.8	+12.2%	Cons. · Japanese GAAP
FYE Mar 2024	102	+18.5%	Cons. · Japanese GAAP
FYE Mar 2025	107	+5.4%	Cons. · Japanese GAAP
FYE Mar 2026	107	+0.3%	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 ¥59bn

CAGR · 10 yrs +2.4%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	47.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	48.4	+1.1%	Cons. · Japanese GAAP
FYE Mar 2019	49.0	+1.2%	Cons. · Japanese GAAP
FYE Mar 2020	48.3	−1.3%	Cons. · Japanese GAAP
FYE Mar 2021	43.2	−10.7%	Cons. · Japanese GAAP
FYE Mar 2022	46.0	+6.5%	Cons. · Japanese GAAP
FYE Mar 2023	51.4	+11.8%	Cons. · Japanese GAAP
FYE Mar 2024	57.8	+12.4%	Cons. · Japanese GAAP
FYE Mar 2025	58.0	+0.4%	Cons. · Japanese GAAP
FYE Mar 2026	59.4	+2.4%	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 ¥48bn

CAGR · 10 yrs +5.5%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	29.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.9	+3.6%	Cons. · Japanese GAAP
FYE Mar 2019	28.8	−6.7%	Cons. · Japanese GAAP
FYE Mar 2020	29.7	+3.1%	Cons. · Japanese GAAP
FYE Mar 2021	27.7	−6.9%	Cons. · Japanese GAAP
FYE Mar 2022	30.5	+10.3%	Cons. · Japanese GAAP
FYE Mar 2023	34.4	+12.8%	Cons. · Japanese GAAP
FYE Mar 2024	43.9	+27.5%	Cons. · Japanese GAAP
FYE Mar 2025	49.2	+12.0%	Cons. · Japanese GAAP
FYE Mar 2026	48.1	−2.3%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥4.0bn

CAGR · 10 yrs +10.4%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.4	−15.1%	Cons. · Japanese GAAP
FYE Mar 2019	1.6	+13.2%	Cons. · Japanese GAAP
FYE Mar 2020	1.7	+4.3%	Cons. · Japanese GAAP
FYE Mar 2021	2.9	+74.3%	Cons. · Japanese GAAP
FYE Mar 2022	4.3	+49.5%	Cons. · Japanese GAAP
FYE Mar 2023	4.5	+4.4%	Cons. · Japanese GAAP
FYE Mar 2024	6.8	+50.7%	Cons. · Japanese GAAP
FYE Mar 2025	3.6	−46.7%	Cons. · Japanese GAAP
FYE Mar 2026	4.0	+10.9%	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 ¥0.8bn

CAGR · 10 yrs −13.3%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.9	−36.6%	Cons. · Japanese GAAP
FYE Mar 2019	1.7	−14.2%	Cons. · Japanese GAAP
FYE Mar 2020	2.6	+59.5%	Cons. · Japanese GAAP
FYE Mar 2021	1.1	−59.6%	Cons. · Japanese GAAP
FYE Mar 2022	1.3	+20.2%	Cons. · Japanese GAAP
FYE Mar 2023	1.1	−14.2%	Cons. · Japanese GAAP
FYE Mar 2024	1.1	−0.3%	Cons. · Japanese GAAP
FYE Mar 2025	0.7	−36.7%	Cons. · Japanese GAAP
FYE Mar 2026	0.8	+21.2%	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 ¥51bn

CAGR · 10 yrs +6.8%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	28.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.4	+6.9%	Cons. · Japanese GAAP
FYE Mar 2019	28.8	−5.3%	Cons. · Japanese GAAP
FYE Mar 2020	28.8	−0.0%	Cons. · Japanese GAAP
FYE Mar 2021	29.5	+2.7%	Cons. · Japanese GAAP
FYE Mar 2022	33.6	+13.8%	Cons. · Japanese GAAP
FYE Mar 2023	37.9	+12.7%	Cons. · Japanese GAAP
FYE Mar 2024	49.7	+31.1%	Cons. · Japanese GAAP
FYE Mar 2025	52.1	+5.0%	Cons. · Japanese GAAP
FYE Mar 2026	51.3	−1.7%	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 ¥1.2bn

CAGR · 10 yrs +13.7%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.7	+93.6%	Cons. · Japanese GAAP
FYE Mar 2019	2.3	+210.7%	Cons. · Japanese GAAP
FYE Mar 2020	0.2	−91.5%	Cons. · Japanese GAAP
FYE Mar 2021	0.7	+248.4%	Cons. · Japanese GAAP
FYE Mar 2022	0.5	−25.7%	Cons. · Japanese GAAP
FYE Mar 2023	0.2	−68.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.1	−51.9%	Cons. · Japanese GAAP
FYE Mar 2025	3.1	+4022.4%	Cons. · Japanese GAAP
FYE Mar 2026	1.2	−61.8%	Cons. · Japanese GAAP

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

Extraordinary loss

FYE Mar 2026 n/a

CAGR · 4 yrs +110.8%

Fiscal year	Extraordinary loss ¥ m	YoY	Basis
FYE Mar 2017	102	n/a	Cons. · Japanese GAAP
FYE Mar 2018	222	+117.6%	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	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	804	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	955	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

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

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥34bn

CAGR · 10 yrs +5.9%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	20.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.2	+4.1%	Cons. · Japanese GAAP
FYE Mar 2019	20.8	−2.1%	Cons. · Japanese GAAP
FYE Mar 2020	18.3	−11.7%	Cons. · Japanese GAAP
FYE Mar 2021	18.4	+0.4%	Cons. · Japanese GAAP
FYE Mar 2022	23.0	+24.8%	Cons. · Japanese GAAP
FYE Mar 2023	21.2	−7.8%	Cons. · Japanese GAAP
FYE Mar 2024	18.3	−13.8%	Cons. · Japanese GAAP
FYE Mar 2025	44.8	+145.3%	Cons. · Japanese GAAP
FYE Mar 2026	34.1	−23.9%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 30.5%

Average · 10 yrs 28.3%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	29.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.2	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	26.9	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2020	27.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	27.7	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	27.0	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	26.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	27.4	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	30.4	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2026	30.5	+0.1pp	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 13.6%

Average · 10 yrs 11.5%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	11.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	10.0	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	10.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	10.8	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	10.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	10.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	11.8	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	13.9	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2026	13.6	−0.3pp	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 14.5%

Average · 10 yrs 12.0%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	11.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	10.0	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	10.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	11.5	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2022	11.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	11.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	13.4	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2025	14.8	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2026	14.5	−0.2pp	Cons. · Japanese GAAP

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

Net margin

FYE Mar 2026 9.7%

Average · 10 yrs 7.8%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	7.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	7.2	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	6.4	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	7.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	8.1	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	6.6	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2024	4.9	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	12.7	+7.8pp	Cons. · Japanese GAAP
FYE Mar 2026	9.7	−3.0pp	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 69.5%

Average · 10 yrs 71.7%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	70.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	70.8	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	73.1	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2020	72.9	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	72.3	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	73.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	73.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	72.6	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	69.6	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2026	69.5	−0.1pp	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 16.8%

Average · 10 yrs 16.8%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	18.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.8	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	17.0	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	16.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	16.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	16.2	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	16.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	15.5	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	16.4	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	16.8	+0.4pp	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 ¥394bn

CAGR · 10 yrs +3.4%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	290	n/a	Cons. · Japanese GAAP
FYE Mar 2018	279	−4.0%	Cons. · Japanese GAAP
FYE Mar 2019	285	+2.3%	Cons. · Japanese GAAP
FYE Mar 2020	304	+6.8%	Cons. · Japanese GAAP
FYE Mar 2021	307	+1.0%	Cons. · Japanese GAAP
FYE Mar 2022	333	+8.4%	Cons. · Japanese GAAP
FYE Mar 2023	359	+7.8%	Cons. · Japanese GAAP
FYE Mar 2024	380	+5.9%	Cons. · Japanese GAAP
FYE Mar 2025	380	−0.2%	Cons. · Japanese GAAP
FYE Mar 2026	394	+3.6%	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 ¥296bn

CAGR · 10 yrs +9.5%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	131	n/a	Cons. · Japanese GAAP
FYE Mar 2018	155	+18.3%	Cons. · Japanese GAAP
FYE Mar 2019	159	+2.7%	Cons. · Japanese GAAP
FYE Mar 2020	167	+5.0%	Cons. · Japanese GAAP
FYE Mar 2021	176	+5.9%	Cons. · Japanese GAAP
FYE Mar 2022	198	+12.3%	Cons. · Japanese GAAP
FYE Mar 2023	224	+12.8%	Cons. · Japanese GAAP
FYE Mar 2024	244	+9.0%	Cons. · Japanese GAAP
FYE Mar 2025	275	+12.8%	Cons. · Japanese GAAP
FYE Mar 2026	296	+7.8%	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 ¥0.2bn

CAGR · 10 yrs −43.7%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	39.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.7	−65.6%	Cons. · Japanese GAAP
FYE Mar 2019	26.5	+93.1%	Cons. · Japanese GAAP
FYE Mar 2020	34.7	+31.0%	Cons. · Japanese GAAP
FYE Mar 2021	34.2	−1.5%	Cons. · Japanese GAAP
FYE Mar 2022	31.9	−6.6%	Cons. · Japanese GAAP
FYE Mar 2023	19.2	−39.7%	Cons. · Japanese GAAP
FYE Mar 2024	5.8	−69.8%	Cons. · Japanese GAAP
FYE Mar 2025	0.4	−92.7%	Cons. · Japanese GAAP
FYE Mar 2026	0.2	−46.9%	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 ¥0.1bn

CAGR · 10 yrs −41.9%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	8.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.1	+13.0%	Cons. · Japanese GAAP
FYE Mar 2019	10.6	+17.4%	Cons. · Japanese GAAP
FYE Mar 2020	8.5	−20.5%	Cons. · Japanese GAAP
FYE Mar 2021	8.8	+3.8%	Cons. · Japanese GAAP
FYE Mar 2022	11.3	+28.5%	Cons. · Japanese GAAP
FYE Mar 2023	8.9	−21.0%	Cons. · Japanese GAAP
FYE Mar 2024	5.5	−37.9%	Cons. · Japanese GAAP
FYE Mar 2025	0.2	−96.4%	Cons. · Japanese GAAP
FYE Mar 2026	0.1	−69.8%	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 ¥0.2bn

CAGR · 10 yrs −44.3%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	31.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.7	−85.4%	Cons. · Japanese GAAP
FYE Mar 2019	15.8	+240.3%	Cons. · Japanese GAAP
FYE Mar 2020	26.2	+65.6%	Cons. · Japanese GAAP
FYE Mar 2021	25.4	−3.1%	Cons. · Japanese GAAP
FYE Mar 2022	20.7	−18.7%	Cons. · Japanese GAAP
FYE Mar 2023	10.3	−49.9%	Cons. · Japanese GAAP
FYE Mar 2024	0.3	−97.2%	Cons. · Japanese GAAP
FYE Mar 2025	0.2	−21.1%	Cons. · Japanese GAAP
FYE Mar 2026	0.2	−26.7%	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 Mar 2026 ¥2.0bn

CAGR · 10 yrs −11.8%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	6.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.6	−26.1%	Cons. · Japanese GAAP
FYE Mar 2019	3.4	−26.9%	Cons. · Japanese GAAP
FYE Mar 2020	2.8	−18.0%	Cons. · Japanese GAAP
FYE Mar 2021	2.5	−9.4%	Cons. · Japanese GAAP
FYE Mar 2022	2.1	−16.8%	Cons. · Japanese GAAP
FYE Mar 2023	1.9	−9.9%	Cons. · Japanese GAAP
FYE Mar 2024	1.4	−25.4%	Cons. · Japanese GAAP
FYE Mar 2025	2.2	+55.9%	Cons. · Japanese GAAP
FYE Mar 2026	2.0	−7.7%	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 n/a

CAGR · 7 yrs −25.6%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	2.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.3	−15.8%	Cons. · Japanese GAAP
FYE Mar 2019	1.7	−25.8%	Cons. · Japanese GAAP
FYE Mar 2020	1.3	−23.7%	Cons. · Japanese GAAP
FYE Mar 2021	1.0	−22.1%	Cons. · Japanese GAAP
FYE Mar 2022	0.7	−28.3%	Cons. · Japanese GAAP
FYE Mar 2023	0.5	−36.5%	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	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 75.3%

Average · 10 yrs 60.2%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	45.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	55.5	+10.5pp	Cons. · Japanese GAAP
FYE Mar 2019	55.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	54.8	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	57.5	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2022	59.5	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2023	62.2	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2024	64.1	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2025	72.4	+8.3pp	Cons. · Japanese GAAP
FYE Mar 2026	75.3	+2.9pp	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 0.1%

Average · 10 yrs 12.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	30.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.9	−21.6pp	Cons. · Japanese GAAP
FYE Mar 2019	16.7	+7.8pp	Cons. · Japanese GAAP
FYE Mar 2020	20.8	+4.1pp	Cons. · Japanese GAAP
FYE Mar 2021	19.4	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2022	16.1	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2023	8.6	−7.5pp	Cons. · Japanese GAAP
FYE Mar 2024	2.4	−6.2pp	Cons. · Japanese GAAP
FYE Mar 2025	0.2	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2026	0.1	−0.1pp	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 11.5%

Average · 10 yrs 12.0%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	15.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.7	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2019	13.1	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	11.0	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2021	10.4	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	11.6	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	9.5	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2024	7.5	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2025	16.3	+8.8pp	Cons. · Japanese GAAP
FYE Mar 2026	11.5	−4.8pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 8.7%

Average · 10 yrs 7.2%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.6	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	7.3	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	6.0	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	6.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	6.9	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	5.9	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	4.8	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	11.8	+7.0pp	Cons. · Japanese GAAP
FYE Mar 2026	8.7	−3.1pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.90×

CAGR · 10 yrs +0.0%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.89	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.97	+8.9%	Cons. · Japanese GAAP
FYE Mar 2019	1.01	+4.1%	Cons. · Japanese GAAP
FYE Mar 2020	0.95	−6.6%	Cons. · Japanese GAAP
FYE Mar 2021	0.83	−11.9%	Cons. · Japanese GAAP
FYE Mar 2022	0.85	+2.2%	Cons. · Japanese GAAP
FYE Mar 2023	0.90	+5.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.98	+9.0%	Cons. · Japanese GAAP
FYE Mar 2025	0.93	−4.9%	Cons. · Japanese GAAP
FYE Mar 2026	0.90	−3.6%	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 ¥47bn

CAGR · 10 yrs +2.8%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	36.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	28.0	−23.6%	Cons. · Japanese GAAP
FYE Mar 2019	37.4	+33.3%	Cons. · Japanese GAAP
FYE Mar 2020	35.8	−4.1%	Cons. · Japanese GAAP
FYE Mar 2021	39.9	+11.4%	Cons. · Japanese GAAP
FYE Mar 2022	31.7	−20.5%	Cons. · Japanese GAAP
FYE Mar 2023	37.3	+17.4%	Cons. · Japanese GAAP
FYE Mar 2024	47.3	+26.8%	Cons. · Japanese GAAP
FYE Mar 2025	54.2	+14.7%	Cons. · Japanese GAAP
FYE Mar 2026	47.2	−13.0%	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 -¥18bn

Average · 10 yrs -¥14bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	0.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-17.4	−2278.1%	Cons. · Japanese GAAP
FYE Mar 2019	-14.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-21.6	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-12.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-9.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-11.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-8.1	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-23.9	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-18.1	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 Mar 2026 -¥31bn

Average · 10 yrs -¥19bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-8.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-31.1	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-7.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-20.3	−2049.3%	Cons. · Japanese GAAP
FYE Mar 2022	-13.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-17.4	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-26.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-35.2	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-31.4	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 Mar 2026 ¥142bn

CAGR · 10 yrs +6.6%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	79.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	60.7	−24.1%	Cons. · Japanese GAAP
FYE Mar 2019	74.2	+22.3%	Cons. · Japanese GAAP
FYE Mar 2020	88.6	+19.3%	Cons. · Japanese GAAP
FYE Mar 2021	95.7	+8.1%	Cons. · Japanese GAAP
FYE Mar 2022	110	+14.9%	Cons. · Japanese GAAP
FYE Mar 2023	122	+11.1%	Cons. · Japanese GAAP
FYE Mar 2024	142	+16.2%	Cons. · Japanese GAAP
FYE Mar 2025	141	−0.7%	Cons. · Japanese GAAP
FYE Mar 2026	142	+0.4%	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 ¥29bn

CAGR · 10 yrs −2.8%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	37.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.6	−71.7%	Cons. · Japanese GAAP
FYE Mar 2019	22.5	+111.8%	Cons. · Japanese GAAP
FYE Mar 2020	14.2	−36.8%	Cons. · Japanese GAAP
FYE Mar 2021	27.4	+92.5%	Cons. · Japanese GAAP
FYE Mar 2022	22.3	−18.6%	Cons. · Japanese GAAP
FYE Mar 2023	25.7	+15.6%	Cons. · Japanese GAAP
FYE Mar 2024	39.1	+52.0%	Cons. · Japanese GAAP
FYE Mar 2025	30.3	−22.5%	Cons. · Japanese GAAP
FYE Mar 2026	29.0	−4.3%	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 13.4%

Average · 10 yrs 13.0%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	14.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.3	−3.8pp	Cons. · Japanese GAAP
FYE Mar 2019	12.9	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2020	12.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	15.6	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2022	11.2	−4.4pp	Cons. · Japanese GAAP
FYE Mar 2023	11.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	12.7	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	15.4	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2026	13.4	−2.0pp	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 ¥141bn

CAGR · 10 yrs +15.0%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	40.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	47.0	+17.1%	Cons. · Japanese GAAP
FYE Mar 2019	47.7	+1.7%	Cons. · Japanese GAAP
FYE Mar 2020	53.9	+12.9%	Cons. · Japanese GAAP
FYE Mar 2021	61.6	+14.3%	Cons. · Japanese GAAP
FYE Mar 2022	78.1	+26.8%	Cons. · Japanese GAAP
FYE Mar 2023	103	+31.9%	Cons. · Japanese GAAP
FYE Mar 2024	136	+32.3%	Cons. · Japanese GAAP
FYE Mar 2025	141	+3.3%	Cons. · Japanese GAAP
FYE Mar 2026	141	+0.5%	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 ¥438bn

Change · 10 yrs +¥138bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	300	n/a
FYE Mar 2018	389	n/a
FYE Mar 2019	303	n/a
FYE Mar 2020	208	n/a
FYE Mar 2021	434	n/a
FYE Mar 2022	301	n/a
FYE Mar 2023	404	n/a
FYE Mar 2024	388	n/a
FYE Mar 2025	361	n/a
FYE Mar 2026	438	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 4,373¥

Change · 10 yrs −1,206¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	5,580	n/a
FYE Mar 2018	7,245	n/a
FYE Mar 2019	2,819	n/a
FYE Mar 2020	1,939	n/a
FYE Mar 2021	4,038	n/a
FYE Mar 2022	2,795	n/a
FYE Mar 2023	3,761	n/a
FYE Mar 2024	3,867	n/a
FYE Mar 2025	3,603	n/a
FYE Mar 2026	4,373	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 100,232,000shares

Change · 10 yrs +46,478,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	53,754,000	Parent
FYE Mar 2018	53,754,000	Parent
FYE Mar 2019	107,508,000	Parent
FYE Mar 2020	107,508,000	Parent
FYE Mar 2021	107,508,000	Parent
FYE Mar 2022	107,508,000	Parent
FYE Mar 2023	107,508,000	Parent
FYE Mar 2024	100,257,000	Parent
FYE Mar 2025	100,257,000	Parent
FYE Mar 2026	100,232,000	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 361.44¥

Change · 10 yrs +160.73¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	200.71	Cons.
FYE Mar 2018	208.19	Cons.
FYE Mar 2019	199.90	Cons.
FYE Mar 2020	177.87	Cons.
FYE Mar 2021	181.09	Cons.
FYE Mar 2022	227.27	Cons.
FYE Mar 2023	211.28	Cons.
FYE Mar 2024	183.26	Cons.
FYE Mar 2025	461.95	Cons.
FYE Mar 2026	361.44	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 2,957.70¥

Change · 10 yrs +527.42¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	2,430.27	Cons. · Japanese GAAP
FYE Mar 2018	2,876.21	Cons. · Japanese GAAP
FYE Mar 2019	1,476.98	Cons. · Japanese GAAP
FYE Mar 2020	1,550.19	Cons. · Japanese GAAP
FYE Mar 2021	1,641.48	Cons. · Japanese GAAP
FYE Mar 2022	1,843.35	Cons. · Japanese GAAP
FYE Mar 2023	2,079.39	Cons. · Japanese GAAP
FYE Mar 2024	2,430.71	Cons. · Japanese GAAP
FYE Mar 2025	2,742.63	Cons. · Japanese GAAP
FYE Mar 2026	2,957.70	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 12.10×

Average · 10 yrs 14.97×

Fiscal year	PER ×	Basis
FYE Mar 2017	13.90	Cons.
FYE Mar 2018	17.40	Cons.
FYE Mar 2019	14.10	Cons.
FYE Mar 2020	10.90	Cons.
FYE Mar 2021	22.30	Cons.
FYE Mar 2022	12.30	Cons.
FYE Mar 2023	17.80	Cons.
FYE Mar 2024	21.10	Cons.
FYE Mar 2025	7.80	Cons.
FYE Mar 2026	12.10	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 1.37×

Average · 10 yrs 1.72×

Fiscal year	PBR ×	Basis
FYE Mar 2017	2.17	Cons.
FYE Mar 2018	2.44	Cons.
FYE Mar 2019	1.83	Cons.
FYE Mar 2020	1.19	Cons.
FYE Mar 2021	2.32	Cons.
FYE Mar 2022	1.41	Cons.
FYE Mar 2023	1.68	Cons.
FYE Mar 2024	1.57	Cons.
FYE Mar 2025	1.25	Cons.
FYE Mar 2026	1.37	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 8,886people

Change · 10 yrs −2,131 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	11,017	n/a	Cons.
FYE Mar 2018	11,587	+5.2%	Cons.
FYE Mar 2019	11,804	+1.9%	Cons.
FYE Mar 2020	11,486	−2.7%	Cons.
FYE Mar 2021	10,745	−6.5%	Cons.
FYE Mar 2022	10,193	−5.1%	Cons.
FYE Mar 2023	10,169	−0.2%	Cons.
FYE Mar 2024	10,226	+0.6%	Cons.
FYE Mar 2025	9,041	−11.6%	Cons.
FYE Mar 2026	8,886	−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 Mar 2026 1,412people

Change · 10 yrs +278 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	1,134	n/a	Parent
FYE Mar 2018	1,244	+9.7%	Parent
FYE Mar 2019	1,290	+3.7%	Parent
FYE Mar 2020	1,355	+5.0%	Parent
FYE Mar 2021	1,388	+2.4%	Parent
FYE Mar 2022	1,375	−0.9%	Parent
FYE Mar 2023	1,361	−1.0%	Parent
FYE Mar 2024	1,363	+0.1%	Parent
FYE Mar 2025	1,383	+1.5%	Parent
FYE Mar 2026	1,412	+2.1%	Parent

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

Average annual pay parent company

FYE Mar 2026 ¥7.5m

Change · 8 yrs +¥1.1m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	6.3	n/a	Parent
FYE Mar 2020	6.3	−0.8%	Parent
FYE Mar 2021	6.4	+2.3%	Parent
FYE Mar 2022	6.5	+0.9%	Parent
FYE Mar 2023	6.5	+0.1%	Parent
FYE Mar 2024	6.6	+2.2%	Parent
FYE Mar 2025	7.1	+6.8%	Parent
FYE Mar 2026	7.5	+5.2%	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 42.5years

Change · 8 yrs +2.9 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	39.6	n/a	Parent
FYE Mar 2020	40.0	+1.0%	Parent
FYE Mar 2021	40.2	+0.5%	Parent
FYE Mar 2022	41.1	+2.2%	Parent
FYE Mar 2023	41.8	+1.7%	Parent
FYE Mar 2024	42.3	+1.2%	Parent
FYE Mar 2025	41.7	−1.4%	Parent
FYE Mar 2026	42.5	+1.9%	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 16.5years

Change · 8 yrs +2.3 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	14.2	n/a	Parent
FYE Mar 2020	14.7	+3.5%	Parent
FYE Mar 2021	15.0	+2.0%	Parent
FYE Mar 2022	15.7	+4.7%	Parent
FYE Mar 2023	16.3	+3.8%	Parent
FYE Mar 2024	16.6	+1.8%	Parent
FYE Mar 2025	16.7	+0.6%	Parent
FYE Mar 2026	16.5	−1.2%	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 3,218people

Change · 10 yrs +75 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	3,143	n/a	n/a
FYE Mar 2018	3,459	+10.1%	n/a
FYE Mar 2019	3,699	+6.9%	n/a
FYE Mar 2020	3,449	−6.8%	n/a
FYE Mar 2021	3,359	−2.6%	n/a
FYE Mar 2022	3,004	−10.6%	n/a
FYE Mar 2023	3,100	+3.2%	n/a
FYE Mar 2024	3,259	+5.1%	n/a
FYE Mar 2025	3,165	−2.9%	n/a
FYE Mar 2026	3,218	+1.7%	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 ¥39.7m

Change · 10 yrs +¥16.1m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	23.5	n/a	Cons.
FYE Mar 2018	23.4	−0.6%	Cons.
FYE Mar 2019	24.5	+4.5%	Cons.
FYE Mar 2020	25.1	+2.5%	Cons.
FYE Mar 2021	23.8	−5.0%	Cons.
FYE Mar 2022	27.8	+16.8%	Cons.
FYE Mar 2023	31.6	+13.7%	Cons.
FYE Mar 2024	36.3	+14.9%	Cons.
FYE Mar 2025	39.0	+7.4%	Cons.
FYE Mar 2026	39.7	+1.6%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥5.4m

Change · 10 yrs +¥2.7m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.7	n/a	Cons.
FYE Mar 2018	2.7	−1.5%	Cons.
FYE Mar 2019	2.4	−8.4%	Cons.
FYE Mar 2020	2.6	+6.0%	Cons.
FYE Mar 2021	2.6	−0.4%	Cons.
FYE Mar 2022	3.0	+16.2%	Cons.
FYE Mar 2023	3.4	+13.0%	Cons.
FYE Mar 2024	4.3	+26.8%	Cons.
FYE Mar 2025	5.4	+26.7%	Cons.
FYE Mar 2026	5.4	−0.6%	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

Nifco’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/7988/company.json ·/api/7988/history.json ·/api/7988/ceo.json ·/api/7988/financials.json ·/api/7988/financials/segment.json ·/api/7988/financials/pl.json ·/api/7988/financials/cf.json ·/api/7988/financials/bs.json ·/api/7988/financials/employee.json ·/api/7988/financials/stock.json ·/api/7988/financials.csv ·/api/7988/financials_history.csv

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