Financials

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

FYE Mar 2026 · Revenue¥2.66tnYoY +4.2%

FYE Mar 2026 · Operating profit¥58bnYoY −5.0%

FYE Mar 2026 · Net profit¥38bnYoY −15.9%

FYE Mar 2026 · Equity ratio35.3%YoY +2.4pp

FYE Mar 2026 · Group employees6,079YoY +391

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥1.51tn	n/a	¥23bn	n/a	1.5%	¥16bn	Furukawa Hironari	About 2,000 new customers won in three years
FYE Mar 2018Consolidated	¥1.79tn	+18.3%	¥26bn	+11.9%	1.5%	¥17bn	Furukawa Hironari	—
FYE Mar 2019Consolidated	¥2.07tn	+15.8%	¥29bn	+10.2%	1.4%	¥14bn	Furukawa Hironari	—
FYE Mar 2020Consolidated	¥1.91tn	−8.1%	¥27bn	−5.4%	1.4%	-¥14bn	Furukawa Hironari	—
FYE Mar 2021Consolidated	¥1.75tn	−8.5%	¥29bn	+7.0%	1.7%	¥20bn	Furukawa Hironari	—
FYE Mar 2022Consolidated	¥2.16tn	+24.0%	¥62bn	+113.4%	2.9%	¥44bn	Furukawa Hironari	6,000+ new customers and 88 subsidiaries through M&A+A
FYE Mar 2023Consolidated	¥2.67tn	+23.3%	¥64bn	+2.8%	2.4%	¥52bn	Furukawa Hironari	<a class="en-history_person" href="/tse/8078/executives/ceo/nakagawa-yoichi/" hreflang="ja">Nakagawa Yoichi</a> becomes president; record revenue <span class="en-history_money" data-yen="2668200000000" data-year="2022">$20.3B (¥2.67tn)</span>
FYE Mar 2024Consolidated	¥2.43tn	−8.9%	¥50bn	−22.4%	2.0%	¥38bn	Nakagawa Yoichi	—
FYE Mar 2025Consolidated	¥2.55tn	+5.0%	¥62bn	+23.8%	2.4%	¥45bn	Nakagawa Yoichi	Battery materials, HANWA UK — overseas subsidiaries at <span class="en-history_money" data-yen="400400000000" data-year="2024">$2.6B (¥400bn)</span>
FYE Mar 2026Consolidated	¥2.66tn	+4.2%	¥58bn	−5.0%	2.2%	¥38bn	Nakagawa Yoichi	—

How it compares

Hanwa¥2.66tnFY2025Operating margin 2.2%

Nagase¥973bnFY2025Operating margin 4.6%

Iwatani¥909bnFY2025Operating margin 4.2%Itochu Enex¥851bnFY2025Operating margin 2.8%Inabata¥833bnFY2025Operating margin 3.1%

Sanaioburi¥654bnFY2024Operating margin 1.8%

Japan Pulp & Paper¥607bnFY2025Operating margin 1.8%

Kamei¥574bnFY2024Operating margin 2.8%

Yuasashouji¥528bnFY2024Operating margin 3.0%

Yamazen¥516bnFY2024Operating margin 1.8%

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 ¥2.66tn

CAGR · 10 yrs +6.5%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	1,514	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,791	+18.3%	Cons. · Japanese GAAP
FYE Mar 2019	2,075	+15.8%	Cons. · Japanese GAAP
FYE Mar 2020	1,907	−8.1%	Cons. · Japanese GAAP
FYE Mar 2021	1,746	−8.5%	Cons. · Japanese GAAP
FYE Mar 2022	2,164	+24.0%	Cons. · Japanese GAAP
FYE Mar 2023	2,668	+23.3%	Cons. · Japanese GAAP
FYE Mar 2024	2,432	−8.9%	Cons. · Japanese GAAP
FYE Mar 2025	2,555	+5.0%	Cons. · Japanese GAAP
FYE Mar 2026	2,663	+4.2%	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 ¥2.52tn

CAGR · 10 yrs +6.3%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	1,450	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,719	+18.6%	Cons. · Japanese GAAP
FYE Mar 2019	1,995	+16.1%	Cons. · Japanese GAAP
FYE Mar 2020	1,828	−8.4%	Cons. · Japanese GAAP
FYE Mar 2021	1,666	−8.9%	Cons. · Japanese GAAP
FYE Mar 2022	2,045	+22.8%	Cons. · Japanese GAAP
FYE Mar 2023	2,540	+24.2%	Cons. · Japanese GAAP
FYE Mar 2024	2,312	−9.0%	Cons. · Japanese GAAP
FYE Mar 2025	2,414	+4.4%	Cons. · Japanese GAAP
FYE Mar 2026	2,522	+4.5%	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 ¥141bn

CAGR · 10 yrs +9.1%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	64.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	72.2	+11.9%	Cons. · Japanese GAAP
FYE Mar 2019	79.2	+9.7%	Cons. · Japanese GAAP
FYE Mar 2020	79.8	+0.8%	Cons. · Japanese GAAP
FYE Mar 2021	79.9	+0.1%	Cons. · Japanese GAAP
FYE Mar 2022	119	+48.9%	Cons. · Japanese GAAP
FYE Mar 2023	129	+8.0%	Cons. · Japanese GAAP
FYE Mar 2024	120	−6.8%	Cons. · Japanese GAAP
FYE Mar 2025	141	+17.3%	Cons. · Japanese GAAP
FYE Mar 2026	141	+0.4%	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 ¥83bn

CAGR · 10 yrs +8.1%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	41.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	46.0	+11.9%	Cons. · Japanese GAAP
FYE Mar 2019	50.3	+9.4%	Cons. · Japanese GAAP
FYE Mar 2020	52.5	+4.3%	Cons. · Japanese GAAP
FYE Mar 2021	50.7	−3.4%	Cons. · Japanese GAAP
FYE Mar 2022	56.6	+11.7%	Cons. · Japanese GAAP
FYE Mar 2023	64.4	+13.8%	Cons. · Japanese GAAP
FYE Mar 2024	70.1	+8.8%	Cons. · Japanese GAAP
FYE Mar 2025	79.1	+12.8%	Cons. · Japanese GAAP
FYE Mar 2026	82.7	+4.6%	Cons. · Japanese GAAP

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

Operating profit

FYE Mar 2026 ¥58bn

CAGR · 10 yrs +10.7%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	23.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	26.2	+11.9%	Cons. · Japanese GAAP
FYE Mar 2019	28.9	+10.2%	Cons. · Japanese GAAP
FYE Mar 2020	27.3	−5.4%	Cons. · Japanese GAAP
FYE Mar 2021	29.2	+7.0%	Cons. · Japanese GAAP
FYE Mar 2022	62.4	+113.4%	Cons. · Japanese GAAP
FYE Mar 2023	64.1	+2.8%	Cons. · Japanese GAAP
FYE Mar 2024	49.7	−22.4%	Cons. · Japanese GAAP
FYE Mar 2025	61.5	+23.8%	Cons. · Japanese GAAP
FYE Mar 2026	58.4	−5.0%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥8.7bn

CAGR · 10 yrs +9.3%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	3.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.5	+16.4%	Cons. · Japanese GAAP
FYE Mar 2019	7.0	+53.7%	Cons. · Japanese GAAP
FYE Mar 2020	5.3	−23.5%	Cons. · Japanese GAAP
FYE Mar 2021	5.9	+9.9%	Cons. · Japanese GAAP
FYE Mar 2022	8.4	+43.8%	Cons. · Japanese GAAP
FYE Mar 2023	17.4	+106.3%	Cons. · Japanese GAAP
FYE Mar 2024	13.5	−22.2%	Cons. · Japanese GAAP
FYE Mar 2025	12.4	−8.4%	Cons. · Japanese GAAP
FYE Mar 2026	8.7	−29.8%	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 ¥15bn

CAGR · 10 yrs +14.5%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	4.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.2	+18.9%	Cons. · Japanese GAAP
FYE Mar 2019	12.5	+137.8%	Cons. · Japanese GAAP
FYE Mar 2020	45.3	+262.8%	Cons. · Japanese GAAP
FYE Mar 2021	6.3	−86.2%	Cons. · Japanese GAAP
FYE Mar 2022	8.1	+28.8%	Cons. · Japanese GAAP
FYE Mar 2023	17.2	+113.2%	Cons. · Japanese GAAP
FYE Mar 2024	15.0	−13.1%	Cons. · Japanese GAAP
FYE Mar 2025	14.2	−5.3%	Cons. · Japanese GAAP
FYE Mar 2026	14.9	+5.0%	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 ¥52bn

CAGR · 10 yrs +9.6%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	22.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.5	+11.3%	Cons. · Japanese GAAP
FYE Mar 2019	23.4	−8.3%	Cons. · Japanese GAAP
FYE Mar 2020	-12.6	−153.8%	Cons. · Japanese GAAP
FYE Mar 2021	28.8	n/a	Cons. · Japanese GAAP
FYE Mar 2022	62.7	+117.6%	Cons. · Japanese GAAP
FYE Mar 2023	64.3	+2.5%	Cons. · Japanese GAAP
FYE Mar 2024	48.3	−24.9%	Cons. · Japanese GAAP
FYE Mar 2025	59.7	+23.8%	Cons. · Japanese GAAP
FYE Mar 2026	52.3	−12.5%	Cons. · Japanese GAAP

Definition: A level of profit that exists only under Japanese GAAP
Formula: Operating profit + non-operating income − non-operating expenses
Source: Securities report (XBRL)

Extraordinary income

FYE Mar 2026 ¥1.4bn

CAGR · 10 yrs −1.2%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	1.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.7	−56.3%	Cons. · Japanese GAAP
FYE Mar 2019	0.4	−38.6%	Cons. · Japanese GAAP
FYE Mar 2020	1.2	+189.9%	Cons. · Japanese GAAP
FYE Mar 2021	0.7	−41.0%	Cons. · Japanese GAAP
FYE Mar 2022	1.6	+124.2%	Cons. · Japanese GAAP
FYE Mar 2023	16.1	+907.7%	Cons. · Japanese GAAP
FYE Mar 2024	6.7	−58.3%	Cons. · Japanese GAAP
FYE Mar 2025	6.2	−7.4%	Cons. · Japanese GAAP
FYE Mar 2026	1.4	−77.5%	Cons. · Japanese GAAP

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

Extraordinary loss

FYE Mar 2026 ¥0.9bn

CAGR · 8 yrs −5.4%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Mar 2017	1.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.7	−42.5%	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	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2022	1.2	+69.7%	Cons. · Japanese GAAP
FYE Mar 2023	4.4	+272.7%	Cons. · Japanese GAAP
FYE Mar 2024	1.1	−75.2%	Cons. · Japanese GAAP
FYE Mar 2025	0.5	−57.9%	Cons. · Japanese GAAP
FYE Mar 2026	0.9	+91.5%	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 ¥38bn

CAGR · 10 yrs +9.9%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	16.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.4	+6.1%	Cons. · Japanese GAAP
FYE Mar 2019	13.9	−19.8%	Cons. · Japanese GAAP
FYE Mar 2020	-13.7	−198.3%	Cons. · Japanese GAAP
FYE Mar 2021	19.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	43.6	+122.3%	Cons. · Japanese GAAP
FYE Mar 2023	51.5	+18.1%	Cons. · Japanese GAAP
FYE Mar 2024	38.4	−25.4%	Cons. · Japanese GAAP
FYE Mar 2025	45.5	+18.4%	Cons. · Japanese GAAP
FYE Mar 2026	38.3	−15.9%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 5.3%

Average · 10 yrs 4.7%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	4.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	3.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	4.2	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	4.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	5.5	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	4.8	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	4.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	5.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	5.3	−0.2pp	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 2.2%

Average · 10 yrs 1.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	1.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	1.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	1.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	2.9	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	2.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	2.0	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	2.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	2.2	−0.2pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Mar 2026 2.0%

Average · 10 yrs 1.7%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	1.1	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	-0.7	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	1.7	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2022	2.9	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	2.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	2.0	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	2.3	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	2.0	−0.4pp	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 1.4%

Average · 10 yrs 1.2%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	0.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	-0.7	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	1.1	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2022	2.0	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	1.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	1.6	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	1.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	1.4	−0.3pp	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 94.7%

Average · 10 yrs 95.3%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	95.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	96.0	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	96.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	95.8	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	95.4	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	94.5	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	95.2	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	95.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	94.5	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	94.7	+0.2pp	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 3.1%

Average · 10 yrs 2.7%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	2.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	2.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	2.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	2.9	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	2.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	2.4	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	2.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	3.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	3.1	−0.0pp	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 ¥1.21tn

CAGR · 10 yrs +6.4%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	694	n/a	Cons. · Japanese GAAP
FYE Mar 2018	860	+23.9%	Cons. · Japanese GAAP
FYE Mar 2019	933	+8.5%	Cons. · Japanese GAAP
FYE Mar 2020	798	−14.5%	Cons. · Japanese GAAP
FYE Mar 2021	825	+3.3%	Cons. · Japanese GAAP
FYE Mar 2022	1,715	+108.0%	Cons. · Japanese GAAP
FYE Mar 2023	1,158	−32.5%	Cons. · Japanese GAAP
FYE Mar 2024	1,167	+0.8%	Cons. · Japanese GAAP
FYE Mar 2025	1,166	−0.1%	Cons. · Japanese GAAP
FYE Mar 2026	1,213	+4.0%	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 ¥427bn

CAGR · 10 yrs +10.8%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	170	n/a	Cons. · Japanese GAAP
FYE Mar 2018	188	+10.2%	Cons. · Japanese GAAP
FYE Mar 2019	188	+0.2%	Cons. · Japanese GAAP
FYE Mar 2020	164	−13.1%	Cons. · Japanese GAAP
FYE Mar 2021	189	+15.6%	Cons. · Japanese GAAP
FYE Mar 2022	237	+25.3%	Cons. · Japanese GAAP
FYE Mar 2023	303	+27.8%	Cons. · Japanese GAAP
FYE Mar 2024	351	+15.9%	Cons. · Japanese GAAP
FYE Mar 2025	383	+9.1%	Cons. · Japanese GAAP
FYE Mar 2026	427	+11.6%	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 ¥307bn

CAGR · 10 yrs +4.1%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	213	n/a	Cons. · Japanese GAAP
FYE Mar 2018	264	+23.6%	Cons. · Japanese GAAP
FYE Mar 2019	302	+14.4%	Cons. · Japanese GAAP
FYE Mar 2020	280	−7.4%	Cons. · Japanese GAAP
FYE Mar 2021	260	−7.0%	Cons. · Japanese GAAP
FYE Mar 2022	650	+150.1%	Cons. · Japanese GAAP
FYE Mar 2023	308	−52.6%	Cons. · Japanese GAAP
FYE Mar 2024	312	+1.3%	Cons. · Japanese GAAP
FYE Mar 2025	318	+1.8%	Cons. · Japanese GAAP
FYE Mar 2026	307	−3.4%	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 ¥68bn

CAGR · 10 yrs −4.9%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	107	n/a	Cons. · Japanese GAAP
FYE Mar 2018	116	+8.4%	Cons. · Japanese GAAP
FYE Mar 2019	92.9	−20.1%	Cons. · Japanese GAAP
FYE Mar 2020	67.2	−27.7%	Cons. · Japanese GAAP
FYE Mar 2021	65.9	−2.0%	Cons. · Japanese GAAP
FYE Mar 2022	459	+596.9%	Cons. · Japanese GAAP
FYE Mar 2023	83.1	−81.9%	Cons. · Japanese GAAP
FYE Mar 2024	72.1	−13.3%	Cons. · Japanese GAAP
FYE Mar 2025	81.1	+12.5%	Cons. · Japanese GAAP
FYE Mar 2026	68.5	−15.6%	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 ¥238bn

CAGR · 10 yrs +9.4%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	106	n/a	Cons. · Japanese GAAP
FYE Mar 2018	148	+38.9%	Cons. · Japanese GAAP
FYE Mar 2019	209	+41.6%	Cons. · Japanese GAAP
FYE Mar 2020	212	+1.6%	Cons. · Japanese GAAP
FYE Mar 2021	194	−8.7%	Cons. · Japanese GAAP
FYE Mar 2022	191	−1.6%	Cons. · Japanese GAAP
FYE Mar 2023	225	+17.8%	Cons. · Japanese GAAP
FYE Mar 2024	240	+6.7%	Cons. · Japanese GAAP
FYE Mar 2025	237	−1.4%	Cons. · Japanese GAAP
FYE Mar 2026	238	+0.8%	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 ¥9.3bn

CAGR · 10 yrs +18.4%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.4	+68.4%	Cons. · Japanese GAAP
FYE Mar 2019	5.0	+46.8%	Cons. · Japanese GAAP
FYE Mar 2020	6.3	+25.8%	Cons. · Japanese GAAP
FYE Mar 2021	7.9	+24.7%	Cons. · Japanese GAAP
FYE Mar 2022	10.6	+33.7%	Cons. · Japanese GAAP
FYE Mar 2023	10.8	+2.4%	Cons. · Japanese GAAP
FYE Mar 2024	10.0	−7.4%	Cons. · Japanese GAAP
FYE Mar 2025	10.1	+0.9%	Cons. · Japanese GAAP
FYE Mar 2026	9.3	−8.0%	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 ¥2.0bn

CAGR · 10 yrs +22.3%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.1	+534.8%	Cons. · Japanese GAAP
FYE Mar 2019	1.3	−35.3%	Cons. · Japanese GAAP
FYE Mar 2020	0.9	−36.0%	Cons. · Japanese GAAP
FYE Mar 2021	0.7	−23.3%	Cons. · Japanese GAAP
FYE Mar 2022	0.3	−56.9%	Cons. · Japanese GAAP
FYE Mar 2023	0.1	−60.8%	Cons. · Japanese GAAP
FYE Mar 2024	0.0	−64.9%	Cons. · Japanese GAAP
FYE Mar 2025	2.2	+5594.9%	Cons. · Japanese GAAP
FYE Mar 2026	2.0	−10.3%	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 35.3%

Average · 10 yrs 24.8%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	24.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.8	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2019	20.2	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	20.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	22.9	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2022	13.8	−9.1pp	Cons. · Japanese GAAP
FYE Mar 2023	26.2	+12.4pp	Cons. · Japanese GAAP
FYE Mar 2024	30.1	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2025	32.9	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2026	35.3	+2.4pp	Cons. · Japanese GAAP

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

Debt-to-equity ratio D/E ratio

FYE Mar 2026 71.8%

Average · 10 yrs 135.3%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	125.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	140.5	+15.2pp	Cons. · Japanese GAAP
FYE Mar 2019	160.3	+19.8pp	Cons. · Japanese GAAP
FYE Mar 2020	170.8	+10.5pp	Cons. · Japanese GAAP
FYE Mar 2021	137.3	−33.5pp	Cons. · Japanese GAAP
FYE Mar 2022	274.1	+136.7pp	Cons. · Japanese GAAP
FYE Mar 2023	101.6	−172.5pp	Cons. · Japanese GAAP
FYE Mar 2024	88.8	−12.8pp	Cons. · Japanese GAAP
FYE Mar 2025	82.9	−5.9pp	Cons. · Japanese GAAP
FYE Mar 2026	71.8	−11.1pp	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 9.0%

Average · 10 yrs 9.5%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.2	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	7.4	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2020	-8.4	−15.7pp	Cons. · Japanese GAAP
FYE Mar 2021	10.4	+18.7pp	Cons. · Japanese GAAP
FYE Mar 2022	18.4	+8.0pp	Cons. · Japanese GAAP
FYE Mar 2023	17.0	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	10.9	−6.1pp	Cons. · Japanese GAAP
FYE Mar 2025	11.9	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	9.0	−2.9pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 3.2%

Average · 10 yrs 2.4%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	2.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	1.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	-1.7	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2021	2.4	+4.1pp	Cons. · Japanese GAAP
FYE Mar 2022	2.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	4.4	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2024	3.3	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	3.9	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	3.2	−0.7pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 2.20×

CAGR · 10 yrs +0.1%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	2.18	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.08	−4.5%	Cons. · Japanese GAAP
FYE Mar 2019	2.22	+6.8%	Cons. · Japanese GAAP
FYE Mar 2020	2.39	+7.5%	Cons. · Japanese GAAP
FYE Mar 2021	2.12	−11.4%	Cons. · Japanese GAAP
FYE Mar 2022	1.26	−40.4%	Cons. · Japanese GAAP
FYE Mar 2023	2.30	+82.7%	Cons. · Japanese GAAP
FYE Mar 2024	2.08	−9.6%	Cons. · Japanese GAAP
FYE Mar 2025	2.19	+5.1%	Cons. · Japanese GAAP
FYE Mar 2026	2.20	+0.2%	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 ¥74bn

CAGR · 10 yrs +38.5%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	4.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-19.8	−599.0%	Cons. · Japanese GAAP
FYE Mar 2019	15.4	n/a	Cons. · Japanese GAAP
FYE Mar 2020	74.3	+381.7%	Cons. · Japanese GAAP
FYE Mar 2021	19.0	−74.4%	Cons. · Japanese GAAP
FYE Mar 2022	-281	−1577.3%	Cons. · Japanese GAAP
FYE Mar 2023	284	n/a	Cons. · Japanese GAAP
FYE Mar 2024	18.2	−93.6%	Cons. · Japanese GAAP
FYE Mar 2025	10.1	−44.3%	Cons. · Japanese GAAP
FYE Mar 2026	74.3	+633.7%	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 -¥11bn

Average · 10 yrs -¥16bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-18.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-40.0	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-20.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-24.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-4.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-15.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-21.8	−2253.6%	Cons. · Japanese GAAP
FYE Mar 2026	-10.8	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 -¥48bn

Average · 10 yrs ¥1.5bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	15.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	66.4	+330.1%	Cons. · Japanese GAAP
FYE Mar 2019	28.1	−57.7%	Cons. · Japanese GAAP
FYE Mar 2020	-42.3	−250.4%	Cons. · Japanese GAAP
FYE Mar 2021	-34.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	407	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-352	−186.5%	Cons. · Japanese GAAP
FYE Mar 2024	-26.3	n/a	Cons. · Japanese GAAP
FYE Mar 2025	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-47.6	−16358.7%	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 ¥86bn

CAGR · 10 yrs +13.6%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	27.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	34.9	+28.1%	Cons. · Japanese GAAP
FYE Mar 2019	58.4	+67.5%	Cons. · Japanese GAAP
FYE Mar 2020	67.2	+15.2%	Cons. · Japanese GAAP
FYE Mar 2021	50.9	−24.3%	Cons. · Japanese GAAP
FYE Mar 2022	165	+224.4%	Cons. · Japanese GAAP
FYE Mar 2023	84.1	−49.0%	Cons. · Japanese GAAP
FYE Mar 2024	76.5	−9.1%	Cons. · Japanese GAAP
FYE Mar 2025	65.3	−14.6%	Cons. · Japanese GAAP
FYE Mar 2026	85.5	+31.0%	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 ¥63bn

Average · 10 yrs ¥3.8bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	-14.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-59.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-5.2	n/a	Cons. · Japanese GAAP
FYE Mar 2020	50.1	n/a	Cons. · Japanese GAAP
FYE Mar 2021	14.8	−70.4%	Cons. · Japanese GAAP
FYE Mar 2022	-296	−2096.4%	Cons. · Japanese GAAP
FYE Mar 2023	278	n/a	Cons. · Japanese GAAP
FYE Mar 2024	19.2	−93.1%	Cons. · Japanese GAAP
FYE Mar 2025	-11.7	−161.0%	Cons. · Japanese GAAP
FYE Mar 2026	63.5	n/a	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 2.8%

Average · 10 yrs 0.6%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-1.1	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	0.7	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2020	3.9	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2021	1.1	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2022	-13.0	−14.1pp	Cons. · Japanese GAAP
FYE Mar 2023	10.7	+23.6pp	Cons. · Japanese GAAP
FYE Mar 2024	0.7	−9.9pp	Cons. · Japanese GAAP
FYE Mar 2025	0.4	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	2.8	+2.4pp	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 -¥221bn

Average · 10 yrs -¥250bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-186	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-229	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-243	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-212	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-209	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-485	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-224	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-236	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-252	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-221	n/a	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 ¥327bn

Change · 10 yrs +¥159bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	168	n/a
FYE Mar 2018	190	n/a
FYE Mar 2019	130	n/a
FYE Mar 2020	71.2	n/a
FYE Mar 2021	143	n/a
FYE Mar 2022	136	n/a
FYE Mar 2023	166	n/a
FYE Mar 2024	252	n/a
FYE Mar 2025	205	n/a
FYE Mar 2026	327	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 7,725¥

Change · 10 yrs +6,931¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	794	n/a
FYE Mar 2018	4,484	n/a
FYE Mar 2019	3,082	n/a
FYE Mar 2020	1,683	n/a
FYE Mar 2021	3,379	n/a
FYE Mar 2022	3,220	n/a
FYE Mar 2023	3,929	n/a
FYE Mar 2024	5,953	n/a
FYE Mar 2025	4,840	n/a
FYE Mar 2026	7,725	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 42,332,640shares

Change · 10 yrs −169,330,560 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	211,663,200	Parent
FYE Mar 2018	42,332,640	Parent
FYE Mar 2019	42,332,640	Parent
FYE Mar 2020	42,332,640	Parent
FYE Mar 2021	42,332,640	Parent
FYE Mar 2022	42,332,640	Parent
FYE Mar 2023	42,332,640	Parent
FYE Mar 2024	42,332,640	Parent
FYE Mar 2025	42,332,640	Parent
FYE Mar 2026	42,332,640	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 193.13¥

Change · 10 yrs −207.76¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	400.89	Cons.
FYE Mar 2018	427.04	Cons.
FYE Mar 2019	342.41	Cons.
FYE Mar 2020	-336.51	Cons.
FYE Mar 2021	482.74	Cons.
FYE Mar 2022	214.67	Cons.
FYE Mar 2023	253.49	Cons.
FYE Mar 2024	188.98	Cons.
FYE Mar 2025	225.13	Cons.
FYE Mar 2026	193.13	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 10,098.14¥

Change · 10 yrs +9,292.98¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	805.16	Cons. · Japanese GAAP
FYE Mar 2018	4,436.95	Cons. · Japanese GAAP
FYE Mar 2019	4,446.81	Cons. · Japanese GAAP
FYE Mar 2020	3,865.79	Cons. · Japanese GAAP
FYE Mar 2021	4,469.72	Cons. · Japanese GAAP
FYE Mar 2022	5,601.30	Cons. · Japanese GAAP
FYE Mar 2023	7,160.60	Cons. · Japanese GAAP
FYE Mar 2024	8,296.48	Cons. · Japanese GAAP
FYE Mar 2025	9,048.72	Cons. · Japanese GAAP
FYE Mar 2026	10,098.14	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 8.00×

Average · 10 yrs 5.61×

Fiscal year	PER ×	Basis
FYE Mar 2017	9.90	Cons.
FYE Mar 2018	10.50	Cons.
FYE Mar 2019	9.00	Cons.
FYE Mar 2020	-5.00	Cons.
FYE Mar 2021	7.00	Cons.
FYE Mar 2022	3.00	Cons.
FYE Mar 2023	3.10	Cons.
FYE Mar 2024	6.30	Cons.
FYE Mar 2025	4.30	Cons.
FYE Mar 2026	8.00	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 0.70×

Average · 10 yrs 0.67×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.95	Cons.
FYE Mar 2018	0.97	Cons.
FYE Mar 2019	0.67	Cons.
FYE Mar 2020	0.42	Cons.
FYE Mar 2021	0.73	Cons.
FYE Mar 2022	0.55	Cons.
FYE Mar 2023	0.53	Cons.
FYE Mar 2024	0.69	Cons.
FYE Mar 2025	0.51	Cons.
FYE Mar 2026	0.70	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 6,079people

Change · 10 yrs +2,924 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	3,155	n/a	Cons.
FYE Mar 2018	3,576	+13.3%	Cons.
FYE Mar 2019	4,080	+14.1%	Cons.
FYE Mar 2020	4,627	+13.4%	Cons.
FYE Mar 2021	4,845	+4.7%	Cons.
FYE Mar 2022	5,123	+5.7%	Cons.
FYE Mar 2023	5,442	+6.2%	Cons.
FYE Mar 2024	5,508	+1.2%	Cons.
FYE Mar 2025	5,688	+3.3%	Cons.
FYE Mar 2026	6,079	+6.9%	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 1,820people

Change · 10 yrs +548 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	1,272	n/a	Parent
FYE Mar 2018	1,306	+2.7%	Parent
FYE Mar 2019	1,390	+6.4%	Parent
FYE Mar 2020	1,459	+5.0%	Parent
FYE Mar 2021	1,532	+5.0%	Parent
FYE Mar 2022	1,521	−0.7%	Parent
FYE Mar 2023	1,562	+2.7%	Parent
FYE Mar 2024	1,656	+6.0%	Parent
FYE Mar 2025	1,745	+5.4%	Parent
FYE Mar 2026	1,820	+4.3%	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 998万円

Change · 8 yrs +169万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	829	n/a	Parent
FYE Mar 2020	807	−2.6%	Parent
FYE Mar 2021	798	−1.1%	Parent
FYE Mar 2022	843	+5.5%	Parent
FYE Mar 2023	885	+5.0%	Parent
FYE Mar 2024	849	−4.0%	Parent
FYE Mar 2025	926	+9.0%	Parent
FYE Mar 2026	998	+7.8%	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 37.4years

Change · 8 yrs +0.3 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	37.1	n/a	Parent
FYE Mar 2020	37.6	+1.3%	Parent
FYE Mar 2021	38.2	+1.6%	Parent
FYE Mar 2022	38.4	+0.5%	Parent
FYE Mar 2023	38.2	−0.5%	Parent
FYE Mar 2024	37.8	−1.0%	Parent
FYE Mar 2025	37.4	−1.1%	Parent
FYE Mar 2026	37.4	−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 11.3years

Change · 8 yrs −1.2 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	12.5	n/a	Parent
FYE Mar 2020	12.6	+0.8%	Parent
FYE Mar 2021	13.1	+4.0%	Parent
FYE Mar 2022	13.1	−0.0%	Parent
FYE Mar 2023	12.6	−3.8%	Parent
FYE Mar 2024	12.0	−4.8%	Parent
FYE Mar 2025	11.5	−4.2%	Parent
FYE Mar 2026	11.3	−1.7%	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 838people

Change · 10 yrs +219 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	619	n/a	n/a
FYE Mar 2018	635	+2.6%	n/a
FYE Mar 2019	653	+2.8%	n/a
FYE Mar 2020	828	+26.8%	n/a
FYE Mar 2021	851	+2.8%	n/a
FYE Mar 2022	920	+8.1%	n/a
FYE Mar 2023	948	+3.0%	n/a
FYE Mar 2024	995	+5.0%	n/a
FYE Mar 2025	777	−21.9%	n/a
FYE Mar 2026	838	+7.9%	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 ¥438m

Change · 10 yrs −¥41.9m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	480	n/a	Cons.
FYE Mar 2018	501	+4.4%	Cons.
FYE Mar 2019	508	+1.5%	Cons.
FYE Mar 2020	412	−18.9%	Cons.
FYE Mar 2021	360	−12.6%	Cons.
FYE Mar 2022	422	+17.3%	Cons.
FYE Mar 2023	490	+16.1%	Cons.
FYE Mar 2024	442	−9.9%	Cons.
FYE Mar 2025	449	+1.7%	Cons.
FYE Mar 2026	438	−2.5%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥9.6m

Change · 10 yrs +¥2.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	7.4	n/a	Cons.
FYE Mar 2018	7.3	−1.3%	Cons.
FYE Mar 2019	7.1	−3.4%	Cons.
FYE Mar 2020	5.9	−16.6%	Cons.
FYE Mar 2021	6.0	+2.1%	Cons.
FYE Mar 2022	12.2	+101.8%	Cons.
FYE Mar 2023	11.8	−3.2%	Cons.
FYE Mar 2024	9.0	−23.4%	Cons.
FYE Mar 2025	10.8	+19.8%	Cons.
FYE Mar 2026	9.6	−11.1%	Cons.

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

Disclaimer

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

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

Data API

Hanwa’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/8078/company.json ·/api/8078/history.json ·/api/8078/ceo.json ·/api/8078/financials.json ·/api/8078/financials/segment.json ·/api/8078/financials/pl.json ·/api/8078/financials/cf.json ·/api/8078/financials/bs.json ·/api/8078/financials/employee.json ·/api/8078/financials/stock.json ·/api/8078/financials.csv ·/api/8078/financials_history.csv

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