Financials

Marubeni: FYE Mar 2026 and ten years of results (45 metrics)

FYE Mar 2026 · Revenue¥8.27tnYoY +6.1%

FYE Mar 2026 · Operating profit¥664bnYoY +5.6%

FYE Mar 2026 · Net profit¥544bnYoY +8.1%

FYE Mar 2026 · Equity ratio40.0%YoY +2.1pp

FYE Mar 2026 · Group employees52,658YoY +824

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥7.13tn	n/a	n/a	n/a	n/a	¥155bn	Kokubu Fumiya	Net profit falls to ¥62.2bn as grain prices drop
FYE Mar 2018Consolidated	¥7.54tn	+5.8%	¥255bn	n/a	3.4%	¥211bn	Kokubu Fumiya	—
FYE Mar 2019Consolidated	¥7.40tn	−1.8%	¥289bn	+13.3%	3.9%	¥231bn	Kokubu Fumiya	—
FYE Mar 2020Consolidated	¥6.83tn	−7.8%	-¥166bn	−157.5%	-2.4%	-¥197bn	Kokubu Fumiya	<a class="en-history_person" href="/tse/8002/executives/ceo/kakinoki-masumi/" hreflang="ja">Kakinoki Masumi</a> becomes president in June
FYE Mar 2021Consolidated	¥6.33tn	−7.3%	¥282bn	n/a	4.4%	¥223bn	Kakinoki Masumi	Chile copper impairment and Covid bring a ¥197.4bn net loss
FYE Mar 2022Consolidated	¥8.51tn	+34.4%	¥529bn	+87.7%	6.2%	¥424bn	Kakinoki Masumi	V-shaped recovery: operating profit ¥146.1bn, net profit ¥223.2bn
FYE Mar 2023Consolidated	¥9.19tn	+8.0%	¥652bn	+23.3%	7.1%	¥543bn	Kakinoki Masumi	The Gavilon grain business is sold to Viterra of Canada
FYE Mar 2024Consolidated	¥7.25tn	−21.1%	¥567bn	−13.0%	7.8%	¥471bn	Kakinoki Masumi	Record year: revenue ¥9.19tn and net profit ¥543.0bn
FYE Mar 2025Consolidated	¥7.79tn	+7.4%	¥629bn	+10.9%	8.1%	¥503bn	Kakinoki Masumi	—
FYE Mar 2026Consolidated	¥8.27tn	+6.1%	¥664bn	+5.6%	8.0%	¥544bn	Kakinoki Masumi	—

How it compares

Mitsubishi Corporation¥18.9tnFY2025Operating margin 5.8%Itochu¥14.8tnFY2025Operating margin 8.1%Mitsui & Co.¥14.0tnFY2025Operating margin 7.8%

Marubeni¥8.27tnFY2025Operating margin 8.0%

Sumitomo Corporation¥7.34tnFY2025Operating margin 9.6%

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 Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥8.27tn

CAGR · 10 yrs +1.7%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	7,129	n/a	Cons. · IFRS
FYE Mar 2018	7,540	+5.8%	Cons. · IFRS
FYE Mar 2019	7,401	−1.8%	Cons. · IFRS
FYE Mar 2020	6,828	−7.8%	Cons. · IFRS
FYE Mar 2021	6,332	−7.3%	Cons. · IFRS
FYE Mar 2022	8,509	+34.4%	Cons. · IFRS
FYE Mar 2023	9,190	+8.0%	Cons. · IFRS
FYE Mar 2024	7,251	−21.1%	Cons. · IFRS
FYE Mar 2025	7,790	+7.4%	Cons. · IFRS
FYE Mar 2026	8,266	+6.1%	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 Mar 2026 ¥7.08tn

CAGR · 9 yrs +0.4%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · IFRS
FYE Mar 2018	6,863	n/a	Cons. · IFRS
FYE Mar 2019	6,672	−2.8%	Cons. · IFRS
FYE Mar 2020	6,131	−8.1%	Cons. · IFRS
FYE Mar 2021	5,657	−7.7%	Cons. · IFRS
FYE Mar 2022	7,613	+34.6%	Cons. · IFRS
FYE Mar 2023	8,139	+6.9%	Cons. · IFRS
FYE Mar 2024	6,185	−24.0%	Cons. · IFRS
FYE Mar 2025	6,644	+7.4%	Cons. · IFRS
FYE Mar 2026	7,083	+6.6%	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 Mar 2026 ¥1.18tn

CAGR · 9 yrs +7.2%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · IFRS
FYE Mar 2018	677	n/a	Cons. · IFRS
FYE Mar 2019	730	+7.7%	Cons. · IFRS
FYE Mar 2020	697	−4.5%	Cons. · IFRS
FYE Mar 2021	675	−3.1%	Cons. · IFRS
FYE Mar 2022	895	+32.6%	Cons. · IFRS
FYE Mar 2023	1,051	+17.4%	Cons. · IFRS
FYE Mar 2024	1,066	+1.4%	Cons. · IFRS
FYE Mar 2025	1,147	+7.6%	Cons. · IFRS
FYE Mar 2026	1,183	+3.1%	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 Mar 2026 ¥914bn

CAGR · 9 yrs +6.3%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · IFRS
FYE Mar 2018	559	n/a	Cons. · IFRS
FYE Mar 2019	549	−1.8%	Cons. · IFRS
FYE Mar 2020	558	+1.7%	Cons. · IFRS
FYE Mar 2021	529	−5.2%	Cons. · IFRS
FYE Mar 2022	607	+14.6%	Cons. · IFRS
FYE Mar 2023	705	+16.1%	Cons. · IFRS
FYE Mar 2024	781	+10.9%	Cons. · IFRS
FYE Mar 2025	863	+10.5%	Cons. · IFRS
FYE Mar 2026	914	+5.9%	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 Mar 2026 ¥664bn

CAGR · 9 yrs +12.7%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · IFRS
FYE Mar 2018	255	n/a	Cons. · IFRS
FYE Mar 2019	289	+13.3%	Cons. · IFRS
FYE Mar 2020	-166	−157.5%	Cons. · IFRS
FYE Mar 2021	282	n/a	Cons. · IFRS
FYE Mar 2022	529	+87.7%	Cons. · IFRS
FYE Mar 2023	652	+23.3%	Cons. · IFRS
FYE Mar 2024	567	−13.0%	Cons. · IFRS
FYE Mar 2025	629	+10.9%	Cons. · IFRS
FYE Mar 2026	664	+5.6%	Cons. · IFRS

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

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥544bn

CAGR · 10 yrs +14.9%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	155	n/a	Cons. · IFRS
FYE Mar 2018	211	+36.0%	Cons. · IFRS
FYE Mar 2019	231	+9.3%	Cons. · IFRS
FYE Mar 2020	-197	−185.5%	Cons. · IFRS
FYE Mar 2021	223	n/a	Cons. · IFRS
FYE Mar 2022	424	+90.1%	Cons. · IFRS
FYE Mar 2023	543	+28.0%	Cons. · IFRS
FYE Mar 2024	471	−13.2%	Cons. · IFRS
FYE Mar 2025	503	+6.7%	Cons. · IFRS
FYE Mar 2026	544	+8.1%	Cons. · IFRS

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

Gross margin

FYE Mar 2026 14.3%

Average · 9 yrs 11.7%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · IFRS
FYE Mar 2018	9.0	n/a	Cons. · IFRS
FYE Mar 2019	9.9	+0.9pp	Cons. · IFRS
FYE Mar 2020	10.2	+0.3pp	Cons. · IFRS
FYE Mar 2021	10.7	+0.5pp	Cons. · IFRS
FYE Mar 2022	10.5	−0.1pp	Cons. · IFRS
FYE Mar 2023	11.4	+0.9pp	Cons. · IFRS
FYE Mar 2024	14.7	+3.3pp	Cons. · IFRS
FYE Mar 2025	14.7	−0.0pp	Cons. · IFRS
FYE Mar 2026	14.3	−0.4pp	Cons. · IFRS

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

Operating margin

FYE Mar 2026 8.0%

Average · 9 yrs 5.2%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · IFRS
FYE Mar 2018	3.4	n/a	Cons. · IFRS
FYE Mar 2019	3.9	+0.5pp	Cons. · IFRS
FYE Mar 2020	-2.4	−6.3pp	Cons. · IFRS
FYE Mar 2021	4.4	+6.9pp	Cons. · IFRS
FYE Mar 2022	6.2	+1.8pp	Cons. · IFRS
FYE Mar 2023	7.1	+0.9pp	Cons. · IFRS
FYE Mar 2024	7.8	+0.7pp	Cons. · IFRS
FYE Mar 2025	8.1	+0.3pp	Cons. · IFRS
FYE Mar 2026	8.0	−0.0pp	Cons. · IFRS

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

Net margin

FYE Mar 2026 6.6%

Average · 10 yrs 3.9%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	2.2	n/a	Cons. · IFRS
FYE Mar 2018	2.8	+0.6pp	Cons. · IFRS
FYE Mar 2019	3.1	+0.3pp	Cons. · IFRS
FYE Mar 2020	-2.9	−6.0pp	Cons. · IFRS
FYE Mar 2021	3.5	+6.4pp	Cons. · IFRS
FYE Mar 2022	5.0	+1.5pp	Cons. · IFRS
FYE Mar 2023	5.9	+0.9pp	Cons. · IFRS
FYE Mar 2024	6.5	+0.6pp	Cons. · IFRS
FYE Mar 2025	6.5	−0.0pp	Cons. · IFRS
FYE Mar 2026	6.6	+0.1pp	Cons. · IFRS

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

Cost-of-sales ratio

FYE Mar 2026 85.7%

Average · 9 yrs 88.3%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · IFRS
FYE Mar 2018	91.0	n/a	Cons. · IFRS
FYE Mar 2019	90.1	−0.9pp	Cons. · IFRS
FYE Mar 2020	89.8	−0.3pp	Cons. · IFRS
FYE Mar 2021	89.3	−0.5pp	Cons. · IFRS
FYE Mar 2022	89.5	+0.1pp	Cons. · IFRS
FYE Mar 2023	88.6	−0.9pp	Cons. · IFRS
FYE Mar 2024	85.3	−3.3pp	Cons. · IFRS
FYE Mar 2025	85.3	−0.0pp	Cons. · IFRS
FYE Mar 2026	85.7	+0.4pp	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 Mar 2026 11.1%

Average · 9 yrs 8.8%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · IFRS
FYE Mar 2018	7.4	n/a	Cons. · IFRS
FYE Mar 2019	7.4	−0.0pp	Cons. · IFRS
FYE Mar 2020	8.2	+0.8pp	Cons. · IFRS
FYE Mar 2021	8.4	+0.2pp	Cons. · IFRS
FYE Mar 2022	7.1	−1.2pp	Cons. · IFRS
FYE Mar 2023	7.7	+0.5pp	Cons. · IFRS
FYE Mar 2024	10.8	+3.1pp	Cons. · IFRS
FYE Mar 2025	11.1	+0.3pp	Cons. · IFRS
FYE Mar 2026	11.1	−0.0pp	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 Mar 2026 ¥10.5tn

CAGR · 10 yrs +4.8%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	6,897	n/a	Cons. · IFRS
FYE Mar 2018	6,877	−0.3%	Cons. · IFRS
FYE Mar 2019	6,809	−1.0%	Cons. · IFRS
FYE Mar 2020	6,320	−7.2%	Cons. · IFRS
FYE Mar 2021	6,936	+9.7%	Cons. · IFRS
FYE Mar 2022	8,256	+19.0%	Cons. · IFRS
FYE Mar 2023	7,954	−3.7%	Cons. · IFRS
FYE Mar 2024	8,924	+12.2%	Cons. · IFRS
FYE Mar 2025	9,202	+3.1%	Cons. · IFRS
FYE Mar 2026	10,532	+14.5%	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 Mar 2026 ¥4.21tn

CAGR · 10 yrs +10.7%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	1,684	n/a	Cons. · IFRS
FYE Mar 2018	1,707	+1.4%	Cons. · IFRS
FYE Mar 2019	1,884	+10.3%	Cons. · IFRS
FYE Mar 2020	1,426	−24.3%	Cons. · IFRS
FYE Mar 2021	1,722	+20.7%	Cons. · IFRS
FYE Mar 2022	2,146	+24.6%	Cons. · IFRS
FYE Mar 2023	2,774	+29.2%	Cons. · IFRS
FYE Mar 2024	3,357	+21.0%	Cons. · IFRS
FYE Mar 2025	3,490	+4.0%	Cons. · IFRS
FYE Mar 2026	4,214	+20.7%	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 Mar 2026 ¥2.41tn

CAGR · 10 yrs −1.7%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	2,806	n/a	Cons. · IFRS
FYE Mar 2018	2,543	−9.4%	Cons. · IFRS
FYE Mar 2019	2,368	−6.9%	Cons. · IFRS
FYE Mar 2020	2,382	+0.6%	Cons. · IFRS
FYE Mar 2021	2,434	+2.2%	Cons. · IFRS
FYE Mar 2022	2,439	+0.2%	Cons. · IFRS
FYE Mar 2023	2,093	−14.2%	Cons. · IFRS
FYE Mar 2024	2,409	+15.1%	Cons. · IFRS
FYE Mar 2025	2,535	+5.2%	Cons. · IFRS
FYE Mar 2026	2,410	−4.9%	Cons. · IFRS

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

Short-term borrowings

FYE Mar 2026 ¥472bn

CAGR · 10 yrs −3.4%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	643	n/a	Cons. · IFRS
FYE Mar 2018	612	−4.9%	Cons. · IFRS
FYE Mar 2019	478	−21.8%	Cons. · IFRS
FYE Mar 2020	620	+29.6%	Cons. · IFRS
FYE Mar 2021	624	+0.6%	Cons. · IFRS
FYE Mar 2022	742	+19.1%	Cons. · IFRS
FYE Mar 2023	485	−34.6%	Cons. · IFRS
FYE Mar 2024	499	+2.7%	Cons. · IFRS
FYE Mar 2025	516	+3.5%	Cons. · IFRS
FYE Mar 2026	472	−8.6%	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 Mar 2026 ¥1.94tn

CAGR · 10 yrs −1.2%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	2,163	n/a	Cons. · IFRS
FYE Mar 2018	1,931	−10.7%	Cons. · IFRS
FYE Mar 2019	1,890	−2.1%	Cons. · IFRS
FYE Mar 2020	1,762	−6.8%	Cons. · IFRS
FYE Mar 2021	1,810	+2.8%	Cons. · IFRS
FYE Mar 2022	1,696	−6.3%	Cons. · IFRS
FYE Mar 2023	1,608	−5.2%	Cons. · IFRS
FYE Mar 2024	1,910	+18.8%	Cons. · IFRS
FYE Mar 2025	2,019	+5.7%	Cons. · IFRS
FYE Mar 2026	1,938	−4.0%	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 Mar 2026 ¥558bn

CAGR · 9 yrs +8.4%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · IFRS
FYE Mar 2018	294	n/a	Cons. · IFRS
FYE Mar 2019	380	+29.4%	Cons. · IFRS
FYE Mar 2020	289	−23.9%	Cons. · IFRS
FYE Mar 2021	297	+2.7%	Cons. · IFRS
FYE Mar 2022	288	−3.0%	Cons. · IFRS
FYE Mar 2023	301	+4.5%	Cons. · IFRS
FYE Mar 2024	384	+27.7%	Cons. · IFRS
FYE Mar 2025	443	+15.4%	Cons. · IFRS
FYE Mar 2026	558	+25.9%	Cons. · IFRS

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

Goodwill

FYE Mar 2026 ¥267bn

CAGR · 9 yrs +9.8%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · IFRS
FYE Mar 2018	126	n/a	Cons. · IFRS
FYE Mar 2019	169	+33.9%	Cons. · IFRS
FYE Mar 2020	131	−22.7%	Cons. · IFRS
FYE Mar 2021	133	+2.0%	Cons. · IFRS
FYE Mar 2022	144	+8.2%	Cons. · IFRS
FYE Mar 2023	154	+6.5%	Cons. · IFRS
FYE Mar 2024	214	+39.5%	Cons. · IFRS
FYE Mar 2025	224	+4.3%	Cons. · IFRS
FYE Mar 2026	267	+19.5%	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 Mar 2026 40.0%

Average · 10 yrs 30.1%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	24.4	n/a	Cons. · IFRS
FYE Mar 2018	24.8	+0.4pp	Cons. · IFRS
FYE Mar 2019	27.7	+2.8pp	Cons. · IFRS
FYE Mar 2020	22.6	−5.1pp	Cons. · IFRS
FYE Mar 2021	24.8	+2.3pp	Cons. · IFRS
FYE Mar 2022	26.0	+1.2pp	Cons. · IFRS
FYE Mar 2023	34.9	+8.9pp	Cons. · IFRS
FYE Mar 2024	37.6	+2.7pp	Cons. · IFRS
FYE Mar 2025	37.9	+0.3pp	Cons. · IFRS
FYE Mar 2026	40.0	+2.1pp	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 Mar 2026 57.2%

Average · 10 yrs 114.0%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	166.7	n/a	Cons. · IFRS
FYE Mar 2018	148.9	−17.7pp	Cons. · IFRS
FYE Mar 2019	125.7	−23.2pp	Cons. · IFRS
FYE Mar 2020	167.0	+41.3pp	Cons. · IFRS
FYE Mar 2021	141.3	−25.7pp	Cons. · IFRS
FYE Mar 2022	113.6	−27.7pp	Cons. · IFRS
FYE Mar 2023	75.5	−38.2pp	Cons. · IFRS
FYE Mar 2024	71.8	−3.7pp	Cons. · IFRS
FYE Mar 2025	72.6	+0.9pp	Cons. · IFRS
FYE Mar 2026	57.2	−15.4pp	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 Mar 2026 12.9%

Average · 10 yrs 11.4%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	9.2	n/a	Cons. · IFRS
FYE Mar 2018	12.4	+3.1pp	Cons. · IFRS
FYE Mar 2019	12.3	−0.1pp	Cons. · IFRS
FYE Mar 2020	-13.8	−26.1pp	Cons. · IFRS
FYE Mar 2021	13.0	+26.8pp	Cons. · IFRS
FYE Mar 2022	19.8	+6.8pp	Cons. · IFRS
FYE Mar 2023	19.6	−0.2pp	Cons. · IFRS
FYE Mar 2024	14.0	−5.5pp	Cons. · IFRS
FYE Mar 2025	14.4	+0.4pp	Cons. · IFRS
FYE Mar 2026	12.9	−1.5pp	Cons. · IFRS

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

ROA return on assets

FYE Mar 2026 5.2%

Average · 10 yrs 3.7%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	2.3	n/a	Cons. · IFRS
FYE Mar 2018	3.1	+0.8pp	Cons. · IFRS
FYE Mar 2019	3.4	+0.3pp	Cons. · IFRS
FYE Mar 2020	-3.1	−6.5pp	Cons. · IFRS
FYE Mar 2021	3.2	+6.3pp	Cons. · IFRS
FYE Mar 2022	5.1	+1.9pp	Cons. · IFRS
FYE Mar 2023	6.8	+1.7pp	Cons. · IFRS
FYE Mar 2024	5.3	−1.5pp	Cons. · IFRS
FYE Mar 2025	5.5	+0.2pp	Cons. · IFRS
FYE Mar 2026	5.2	−0.3pp	Cons. · IFRS

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

Asset turnover

FYE Mar 2026 0.78×

CAGR · 10 yrs −3.0%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.03	n/a	Cons. · IFRS
FYE Mar 2018	1.10	+6.1%	Cons. · IFRS
FYE Mar 2019	1.09	−0.9%	Cons. · IFRS
FYE Mar 2020	1.08	−0.6%	Cons. · IFRS
FYE Mar 2021	0.91	−15.5%	Cons. · IFRS
FYE Mar 2022	1.03	+12.9%	Cons. · IFRS
FYE Mar 2023	1.16	+12.1%	Cons. · IFRS
FYE Mar 2024	0.81	−29.7%	Cons. · IFRS
FYE Mar 2025	0.85	+4.2%	Cons. · IFRS
FYE Mar 2026	0.78	−7.3%	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 Mar 2026 ¥535bn

CAGR · 10 yrs +5.7%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	324	n/a	Cons. · IFRS
FYE Mar 2018	253	−21.8%	Cons. · IFRS
FYE Mar 2019	285	+12.4%	Cons. · IFRS
FYE Mar 2020	327	+14.8%	Cons. · IFRS
FYE Mar 2021	397	+21.4%	Cons. · IFRS
FYE Mar 2022	312	−21.4%	Cons. · IFRS
FYE Mar 2023	606	+94.4%	Cons. · IFRS
FYE Mar 2024	442	−27.0%	Cons. · IFRS
FYE Mar 2025	598	+35.1%	Cons. · IFRS
FYE Mar 2026	535	−10.5%	Cons. · IFRS

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

Investing cash flow

FYE Mar 2026 -¥118bn

Average · 10 yrs -¥108bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	46.5	n/a	Cons. · IFRS
FYE Mar 2018	-49.7	−207.0%	Cons. · IFRS
FYE Mar 2019	22.5	n/a	Cons. · IFRS
FYE Mar 2020	-210	−1031.2%	Cons. · IFRS
FYE Mar 2021	-116	n/a	Cons. · IFRS
FYE Mar 2022	-79.7	n/a	Cons. · IFRS
FYE Mar 2023	157	n/a	Cons. · IFRS
FYE Mar 2024	-334	−313.3%	Cons. · IFRS
FYE Mar 2025	-395	n/a	Cons. · IFRS
FYE Mar 2026	-118	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 Mar 2026 -¥466bn

Average · 10 yrs -¥315bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-258	n/a	Cons. · IFRS
FYE Mar 2018	-270	n/a	Cons. · IFRS
FYE Mar 2019	-427	n/a	Cons. · IFRS
FYE Mar 2020	-93.3	n/a	Cons. · IFRS
FYE Mar 2021	-68.5	n/a	Cons. · IFRS
FYE Mar 2022	-420	n/a	Cons. · IFRS
FYE Mar 2023	-767	n/a	Cons. · IFRS
FYE Mar 2024	-254	n/a	Cons. · IFRS
FYE Mar 2025	-122	n/a	Cons. · IFRS
FYE Mar 2026	-466	n/a	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 Mar 2026 ¥551bn

CAGR · 10 yrs −2.7%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	705	n/a	Cons. · IFRS
FYE Mar 2018	626	−11.2%	Cons. · IFRS
FYE Mar 2019	509	−18.6%	Cons. · IFRS
FYE Mar 2020	523	+2.6%	Cons. · IFRS
FYE Mar 2021	746	+42.7%	Cons. · IFRS
FYE Mar 2022	579	−22.4%	Cons. · IFRS
FYE Mar 2023	609	+5.2%	Cons. · IFRS
FYE Mar 2024	506	−16.9%	Cons. · IFRS
FYE Mar 2025	569	+12.4%	Cons. · IFRS
FYE Mar 2026	551	−3.2%	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 Mar 2026 ¥417bn

CAGR · 10 yrs +1.3%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	371	n/a	Cons. · IFRS
FYE Mar 2018	204	−45.1%	Cons. · IFRS
FYE Mar 2019	307	+50.9%	Cons. · IFRS
FYE Mar 2020	117	−61.9%	Cons. · IFRS
FYE Mar 2021	281	+139.6%	Cons. · IFRS
FYE Mar 2022	232	−17.3%	Cons. · IFRS
FYE Mar 2023	763	+228.6%	Cons. · IFRS
FYE Mar 2024	108	−85.8%	Cons. · IFRS
FYE Mar 2025	203	+87.6%	Cons. · IFRS
FYE Mar 2026	417	+106.0%	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 Mar 2026 6.5%

Average · 10 yrs 5.3%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	4.5	n/a	Cons. · IFRS
FYE Mar 2018	3.4	−1.2pp	Cons. · IFRS
FYE Mar 2019	3.8	+0.5pp	Cons. · IFRS
FYE Mar 2020	4.8	+0.9pp	Cons. · IFRS
FYE Mar 2021	6.3	+1.5pp	Cons. · IFRS
FYE Mar 2022	3.7	−2.6pp	Cons. · IFRS
FYE Mar 2023	6.6	+2.9pp	Cons. · IFRS
FYE Mar 2024	6.1	−0.5pp	Cons. · IFRS
FYE Mar 2025	7.7	+1.6pp	Cons. · IFRS
FYE Mar 2026	6.5	−1.2pp	Cons. · IFRS

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

Net cash

FYE Mar 2026 -¥1.86tn

Average · 10 yrs -¥1.85tn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-2,101	n/a	Cons. · IFRS
FYE Mar 2018	-1,917	n/a	Cons. · IFRS
FYE Mar 2019	-1,859	n/a	Cons. · IFRS
FYE Mar 2020	-1,859	n/a	Cons. · IFRS
FYE Mar 2021	-1,688	n/a	Cons. · IFRS
FYE Mar 2022	-1,860	n/a	Cons. · IFRS
FYE Mar 2023	-1,484	n/a	Cons. · IFRS
FYE Mar 2024	-1,902	n/a	Cons. · IFRS
FYE Mar 2025	-1,966	n/a	Cons. · IFRS
FYE Mar 2026	-1,859	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 Mar 2026 ¥9.33tn

Change · 9 yrs +¥8.14tn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	1,191	n/a
FYE Mar 2018	1,339	n/a
FYE Mar 2019	1,329	n/a
FYE Mar 2020	n/a	n/a
FYE Mar 2021	1,600	n/a
FYE Mar 2022	2,479	n/a
FYE Mar 2023	3,049	n/a
FYE Mar 2024	4,406	n/a
FYE Mar 2025	3,952	n/a
FYE Mar 2026	9,329	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 5,617¥

Change · 9 yrs +4,932¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	685	n/a
FYE Mar 2018	770	n/a
FYE Mar 2019	765	n/a
FYE Mar 2020	n/a	n/a
FYE Mar 2021	921	n/a
FYE Mar 2022	1,426	n/a
FYE Mar 2023	1,796	n/a
FYE Mar 2024	2,628	n/a
FYE Mar 2025	2,380	n/a
FYE Mar 2026	5,617	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 1,660,758,000shares

Change · 10 yrs −77,183,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	1,737,941,000	Parent
FYE Mar 2018	1,737,941,000	Parent
FYE Mar 2019	1,737,941,000	Parent
FYE Mar 2020	1,737,941,000	Parent
FYE Mar 2021	1,737,941,000	Parent
FYE Mar 2022	1,738,475,000	Parent
FYE Mar 2023	1,698,395,000	Parent
FYE Mar 2024	1,676,298,000	Parent
FYE Mar 2025	1,660,758,000	Parent
FYE Mar 2026	1,660,758,000	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 330.42¥

Change · 10 yrs +242.34¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	88.08	Cons.
FYE Mar 2018	119.43	Cons.
FYE Mar 2019	130.74	Cons.
FYE Mar 2020	-116.03	Cons.
FYE Mar 2021	126.32	Cons.
FYE Mar 2022	242.89	Cons.
FYE Mar 2023	316.11	Cons.
FYE Mar 2024	279.62	Cons.
FYE Mar 2025	302.78	Cons.
FYE Mar 2026	330.42	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 2,537.18¥

Change · 10 yrs +1,568.38¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	968.80	Cons. · IFRS
FYE Mar 2018	982.38	Cons. · IFRS
FYE Mar 2019	1,083.90	Cons. · IFRS
FYE Mar 2020	820.71	Cons. · IFRS
FYE Mar 2021	990.87	Cons. · IFRS
FYE Mar 2022	1,234.43	Cons. · IFRS
FYE Mar 2023	1,633.02	Cons. · IFRS
FYE Mar 2024	2,002.34	Cons. · IFRS
FYE Mar 2025	2,101.35	Cons. · IFRS
FYE Mar 2026	2,537.18	Cons. · IFRS

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

PER price-to-earnings ratio

FYE Mar 2026 17.00×

Average · 9 yrs 8.13×

Fiscal year	PER ×	Basis
FYE Mar 2017	7.78	Cons.
FYE Mar 2018	6.45	Cons.
FYE Mar 2019	5.85	Cons.
FYE Mar 2020	n/a	Cons.
FYE Mar 2021	7.29	Cons.
FYE Mar 2022	5.87	Cons.
FYE Mar 2023	5.68	Cons.
FYE Mar 2024	9.40	Cons.
FYE Mar 2025	7.86	Cons.
FYE Mar 2026	17.00	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 2.11×

Average · 9 yrs 1.14×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.83	Cons.
FYE Mar 2018	0.88	Cons.
FYE Mar 2019	0.77	Cons.
FYE Mar 2020	n/a	Cons.
FYE Mar 2021	1.02	Cons.
FYE Mar 2022	1.17	Cons.
FYE Mar 2023	1.11	Cons.
FYE Mar 2024	1.27	Cons.
FYE Mar 2025	1.09	Cons.
FYE Mar 2026	2.11	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 52,658people

Change · 10 yrs +12,706 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	39,952	n/a	Cons.
FYE Mar 2018	41,353	+3.5%	Cons.
FYE Mar 2019	42,882	+3.7%	Cons.
FYE Mar 2020	45,635	+6.4%	Cons.
FYE Mar 2021	45,470	−0.4%	Cons.
FYE Mar 2022	46,100	+1.4%	Cons.
FYE Mar 2023	45,995	−0.2%	Cons.
FYE Mar 2024	50,200	+9.1%	Cons.
FYE Mar 2025	51,834	+3.3%	Cons.
FYE Mar 2026	52,658	+1.6%	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 4,225people

Change · 10 yrs −233 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	4,458	n/a	Parent
FYE Mar 2018	4,436	−0.5%	Parent
FYE Mar 2019	4,418	−0.4%	Parent
FYE Mar 2020	4,404	−0.3%	Parent
FYE Mar 2021	4,389	−0.3%	Parent
FYE Mar 2022	4,379	−0.2%	Parent
FYE Mar 2023	4,340	−0.9%	Parent
FYE Mar 2024	4,337	−0.1%	Parent
FYE Mar 2025	4,304	−0.8%	Parent
FYE Mar 2026	4,225	−1.8%	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 ¥17.8m

Change · 10 yrs +¥5.6m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	12.2	n/a	Parent
FYE Mar 2018	13.2	+8.3%	Parent
FYE Mar 2019	13.9	+5.1%	Parent
FYE Mar 2020	14.5	+4.6%	Parent
FYE Mar 2021	11.9	−17.9%	Parent
FYE Mar 2022	14.7	+23.2%	Parent
FYE Mar 2023	15.9	+8.5%	Parent
FYE Mar 2024	16.5	+3.8%	Parent
FYE Mar 2025	17.1	+3.3%	Parent
FYE Mar 2026	17.8	+4.4%	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 +0.6 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	41.9	n/a	Parent
FYE Mar 2020	42.1	+0.5%	Parent
FYE Mar 2021	42.2	+0.2%	Parent
FYE Mar 2022	42.3	+0.2%	Parent
FYE Mar 2023	42.3	−0.0%	Parent
FYE Mar 2024	42.4	+0.2%	Parent
FYE Mar 2025	42.5	+0.2%	Parent
FYE Mar 2026	42.5	−0.0%	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 17.8years

Change · 10 yrs +1.2 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	16.6	n/a	Parent
FYE Mar 2018	17.0	+2.4%	Parent
FYE Mar 2019	17.2	+1.2%	Parent
FYE Mar 2020	17.3	+0.6%	Parent
FYE Mar 2021	17.5	+1.2%	Parent
FYE Mar 2022	17.6	+0.6%	Parent
FYE Mar 2023	17.6	−0.0%	Parent
FYE Mar 2024	17.9	+1.7%	Parent
FYE Mar 2025	17.9	−0.0%	Parent
FYE Mar 2026	17.8	−0.6%	Parent

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

Temporary employees

FYE Mar 2026 7,171people

Change · 10 yrs −815 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	7,986	n/a	n/a
FYE Mar 2018	7,772	−2.7%	n/a
FYE Mar 2019	7,658	−1.5%	n/a
FYE Mar 2020	7,760	+1.3%	n/a
FYE Mar 2021	7,589	−2.2%	n/a
FYE Mar 2022	7,045	−7.2%	n/a
FYE Mar 2023	7,102	+0.8%	n/a
FYE Mar 2024	7,208	+1.5%	n/a
FYE Mar 2025	7,310	+1.4%	n/a
FYE Mar 2026	7,171	−1.9%	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 ¥157m

Change · 10 yrs −¥21.5m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	178	n/a	Cons.
FYE Mar 2018	182	+2.2%	Cons.
FYE Mar 2019	173	−5.3%	Cons.
FYE Mar 2020	150	−13.3%	Cons.
FYE Mar 2021	139	−6.9%	Cons.
FYE Mar 2022	185	+32.5%	Cons.
FYE Mar 2023	200	+8.3%	Cons.
FYE Mar 2024	144	−27.7%	Cons.
FYE Mar 2025	150	+4.1%	Cons.
FYE Mar 2026	157	+4.4%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥12.6m

Change · 9 yrs +¥6.5m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons.
FYE Mar 2018	6.2	n/a	Cons.
FYE Mar 2019	6.7	+9.2%	Cons.
FYE Mar 2020	-3.6	−154.0%	Cons.
FYE Mar 2021	6.2	n/a	Cons.
FYE Mar 2022	11.5	+85.1%	Cons.
FYE Mar 2023	14.2	+23.5%	Cons.
FYE Mar 2024	11.3	−20.3%	Cons.
FYE Mar 2025	12.1	+7.4%	Cons.
FYE Mar 2026	12.6	+3.9%	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

Marubeni’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/8002/company.json ·/api/8002/history.json ·/api/8002/ceo.json ·/api/8002/financials.json ·/api/8002/financials/segment.json ·/api/8002/financials/pl.json ·/api/8002/financials/cf.json ·/api/8002/financials/bs.json ·/api/8002/financials/employee.json ·/api/8002/financials/stock.json ·/api/8002/financials.csv ·/api/8002/financials_history.csv

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