Financials

Inabata: FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥833bnYoY −0.6%

FYE Mar 2026 · Operating profit¥26bnYoY +1.3%

FYE Mar 2026 · Net profit¥21bnYoY +4.0%

FYE Mar 2026 · Equity ratio47.3%YoY +0.2pp

FYE Mar 2026 · Group employees4,719YoY +42

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥587bn	n/a	¥13bn	n/a	2.2%	¥9.7bn	Inabata Katsutaro	—
FYE Mar 2018Consolidated	¥621bn	+5.9%	¥6.0bn	−52.7%	1.0%	¥6.7bn	Inabata Katsutaro	—
FYE Mar 2019Consolidated	¥635bn	+2.2%	¥14bn	+135.3%	2.2%	¥13bn	Inabata Katsutaro	—
FYE Mar 2020Consolidated	¥600bn	−5.4%	¥13bn	−5.7%	2.2%	¥11bn	Inabata Katsutaro	Consolidated into four business segments
FYE Mar 2021Consolidated	¥578bn	−3.8%	¥15bn	+13.2%	2.6%	¥14bn	Inabata Katsutaro	—
FYE Mar 2022Consolidated	¥681bn	+17.9%	¥20bn	+33.9%	2.9%	¥22bn	Inabata Katsutaro	—
FYE Mar 2023Consolidated	¥736bn	+8.0%	¥20bn	+1.3%	2.8%	¥19bn	Inabata Katsutaro	—
FYE Mar 2024Consolidated	¥766bn	+4.1%	¥21bn	+4.3%	2.8%	¥20bn	Inabata Katsutaro	—
FYE Mar 2025Consolidated	¥838bn	+9.4%	¥26bn	+21.9%	3.1%	¥20bn	Inabata Katsutaro	New Challenge 2026; Novacel acquired
FYE Mar 2026Consolidated	¥833bn	−0.6%	¥26bn	+1.3%	3.1%	¥21bn	Inabata Katsutaro	Record year: <span class="en-history_money" data-yen="837800000000" data-year="2024">$5.5B (¥838bn)</span> of sales

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 ¥833bn

CAGR · 10 yrs +4.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	587	n/a	Cons. · Japanese GAAP
FYE Mar 2018	621	+5.9%	Cons. · Japanese GAAP
FYE Mar 2019	635	+2.2%	Cons. · Japanese GAAP
FYE Mar 2020	600	−5.4%	Cons. · Japanese GAAP
FYE Mar 2021	578	−3.8%	Cons. · Japanese GAAP
FYE Mar 2022	681	+17.9%	Cons. · Japanese GAAP
FYE Mar 2023	736	+8.0%	Cons. · Japanese GAAP
FYE Mar 2024	766	+4.1%	Cons. · Japanese GAAP
FYE Mar 2025	838	+9.4%	Cons. · Japanese GAAP
FYE Mar 2026	833	−0.6%	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 ¥749bn

CAGR · 10 yrs +3.6%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	544	n/a	Cons. · Japanese GAAP
FYE Mar 2018	576	+6.0%	Cons. · Japanese GAAP
FYE Mar 2019	587	+1.9%	Cons. · Japanese GAAP
FYE Mar 2020	554	−5.7%	Cons. · Japanese GAAP
FYE Mar 2021	532	−4.1%	Cons. · Japanese GAAP
FYE Mar 2022	624	+17.3%	Cons. · Japanese GAAP
FYE Mar 2023	673	+7.9%	Cons. · Japanese GAAP
FYE Mar 2024	697	+3.6%	Cons. · Japanese GAAP
FYE Mar 2025	759	+8.9%	Cons. · Japanese GAAP
FYE Mar 2026	749	−1.3%	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 ¥84bn

CAGR · 10 yrs +7.8%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	42.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	44.9	+4.9%	Cons. · Japanese GAAP
FYE Mar 2019	47.3	+5.4%	Cons. · Japanese GAAP
FYE Mar 2020	46.3	−2.1%	Cons. · Japanese GAAP
FYE Mar 2021	46.0	−0.5%	Cons. · Japanese GAAP
FYE Mar 2022	57.4	+24.6%	Cons. · Japanese GAAP
FYE Mar 2023	62.9	+9.6%	Cons. · Japanese GAAP
FYE Mar 2024	69.3	+10.2%	Cons. · Japanese GAAP
FYE Mar 2025	78.9	+13.9%	Cons. · Japanese GAAP
FYE Mar 2026	83.8	+6.2%	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 ¥58bn

CAGR · 10 yrs +7.5%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	30.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	38.9	+29.1%	Cons. · Japanese GAAP
FYE Mar 2019	33.2	−14.6%	Cons. · Japanese GAAP
FYE Mar 2020	33.0	−0.6%	Cons. · Japanese GAAP
FYE Mar 2021	31.1	−5.9%	Cons. · Japanese GAAP
FYE Mar 2022	37.3	+20.1%	Cons. · Japanese GAAP
FYE Mar 2023	42.6	+14.0%	Cons. · Japanese GAAP
FYE Mar 2024	48.1	+13.0%	Cons. · Japanese GAAP
FYE Mar 2025	53.1	+10.4%	Cons. · Japanese GAAP
FYE Mar 2026	57.6	+8.5%	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 ¥26bn

CAGR · 10 yrs +8.4%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	12.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.0	−52.7%	Cons. · Japanese GAAP
FYE Mar 2019	14.0	+135.3%	Cons. · Japanese GAAP
FYE Mar 2020	13.2	−5.7%	Cons. · Japanese GAAP
FYE Mar 2021	15.0	+13.2%	Cons. · Japanese GAAP
FYE Mar 2022	20.1	+33.9%	Cons. · Japanese GAAP
FYE Mar 2023	20.3	+1.3%	Cons. · Japanese GAAP
FYE Mar 2024	21.2	+4.3%	Cons. · Japanese GAAP
FYE Mar 2025	25.8	+21.9%	Cons. · Japanese GAAP
FYE Mar 2026	26.2	+1.3%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥3.9bn

CAGR · 10 yrs +3.7%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	2.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.5	−10.5%	Cons. · Japanese GAAP
FYE Mar 2019	2.9	+14.6%	Cons. · Japanese GAAP
FYE Mar 2020	3.1	+9.5%	Cons. · Japanese GAAP
FYE Mar 2021	2.8	−11.7%	Cons. · Japanese GAAP
FYE Mar 2022	2.9	+3.5%	Cons. · Japanese GAAP
FYE Mar 2023	3.0	+5.5%	Cons. · Japanese GAAP
FYE Mar 2024	3.0	+0.3%	Cons. · Japanese GAAP
FYE Mar 2025	3.3	+9.8%	Cons. · Japanese GAAP
FYE Mar 2026	3.9	+16.3%	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 ¥2.3bn

CAGR · 10 yrs +3.1%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.1	+20.0%	Cons. · Japanese GAAP
FYE Mar 2019	2.6	+23.9%	Cons. · Japanese GAAP
FYE Mar 2020	2.2	−16.6%	Cons. · Japanese GAAP
FYE Mar 2021	1.2	−42.8%	Cons. · Japanese GAAP
FYE Mar 2022	1.3	+3.5%	Cons. · Japanese GAAP
FYE Mar 2023	4.2	+230.8%	Cons. · Japanese GAAP
FYE Mar 2024	2.8	−33.0%	Cons. · Japanese GAAP
FYE Mar 2025	3.0	+6.7%	Cons. · Japanese GAAP
FYE Mar 2026	2.3	−24.1%	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 ¥28bn

CAGR · 10 yrs +8.2%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	13.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.4	−53.4%	Cons. · Japanese GAAP
FYE Mar 2019	14.3	+124.5%	Cons. · Japanese GAAP
FYE Mar 2020	14.2	−0.7%	Cons. · Japanese GAAP
FYE Mar 2021	16.5	+16.2%	Cons. · Japanese GAAP
FYE Mar 2022	21.6	+31.1%	Cons. · Japanese GAAP
FYE Mar 2023	19.1	−11.7%	Cons. · Japanese GAAP
FYE Mar 2024	21.4	+11.9%	Cons. · Japanese GAAP
FYE Mar 2025	26.1	+22.2%	Cons. · Japanese GAAP
FYE Mar 2026	27.7	+6.2%	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 ¥2.7bn

CAGR · 10 yrs −6.4%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	4.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.4	+72.4%	Cons. · Japanese GAAP
FYE Mar 2019	5.1	−38.9%	Cons. · Japanese GAAP
FYE Mar 2020	3.0	−40.8%	Cons. · Japanese GAAP
FYE Mar 2021	3.0	−1.6%	Cons. · Japanese GAAP
FYE Mar 2022	9.0	+200.8%	Cons. · Japanese GAAP
FYE Mar 2023	8.7	−3.5%	Cons. · Japanese GAAP
FYE Mar 2024	7.5	−13.8%	Cons. · Japanese GAAP
FYE Mar 2025	4.1	−44.8%	Cons. · Japanese GAAP
FYE Mar 2026	2.7	−34.8%	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 ¥1.2bn

CAGR · 5 yrs +22.7%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2020	0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2023	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2024	0.8	+235.2%	Cons. · Japanese GAAP
FYE Mar 2025	1.1	+36.3%	Cons. · Japanese GAAP
FYE Mar 2026	1.2	+6.7%	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 ¥21bn

CAGR · 10 yrs +8.8%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	9.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.7	−30.4%	Cons. · Japanese GAAP
FYE Mar 2019	12.9	+91.2%	Cons. · Japanese GAAP
FYE Mar 2020	11.4	−11.5%	Cons. · Japanese GAAP
FYE Mar 2021	13.8	+20.8%	Cons. · Japanese GAAP
FYE Mar 2022	22.4	+62.1%	Cons. · Japanese GAAP
FYE Mar 2023	19.5	−12.9%	Cons. · Japanese GAAP
FYE Mar 2024	20.0	+2.7%	Cons. · Japanese GAAP
FYE Mar 2025	19.8	−0.8%	Cons. · Japanese GAAP
FYE Mar 2026	20.6	+4.0%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 10.1%

Average · 10 yrs 8.3%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	7.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.2	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	7.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	7.7	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	8.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	8.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	8.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	9.0	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	9.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	10.1	+0.6pp	Cons. · Japanese GAAP

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

Operating margin

FYE Mar 2026 3.1%

Average · 10 yrs 2.5%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	2.2	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	2.2	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	2.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	2.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	2.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	2.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	3.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	3.1	+0.1pp	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 3.3%

Average · 10 yrs 2.6%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	2.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	2.3	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	2.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	2.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	3.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	2.6	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	2.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	3.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	3.3	+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 2.5%

Average · 10 yrs 2.2%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.1	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	2.0	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	1.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	2.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	3.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	2.6	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	2.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	2.4	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	2.5	+0.1pp	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 89.9%

Average · 10 yrs 91.7%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	92.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	92.8	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	92.6	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	92.3	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	92.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	91.6	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	91.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	91.0	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	90.6	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	89.9	−0.6pp	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 6.9%

Average · 10 yrs 5.8%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	5.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.3	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	5.2	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2020	5.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	5.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	5.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	5.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	6.3	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	6.3	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	6.9	+0.6pp	Cons. · Japanese GAAP

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio Debt-to-equity

Total assets

FYE Mar 2026 ¥498bn

CAGR · 10 yrs +4.3%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	340	n/a	Cons. · Japanese GAAP
FYE Mar 2018	353	+3.7%	Cons. · Japanese GAAP
FYE Mar 2019	367	+3.9%	Cons. · Japanese GAAP
FYE Mar 2020	323	−11.9%	Cons. · Japanese GAAP
FYE Mar 2021	353	+9.4%	Cons. · Japanese GAAP
FYE Mar 2022	389	+10.1%	Cons. · Japanese GAAP
FYE Mar 2023	380	−2.2%	Cons. · Japanese GAAP
FYE Mar 2024	427	+12.3%	Cons. · Japanese GAAP
FYE Mar 2025	442	+3.4%	Cons. · Japanese GAAP
FYE Mar 2026	498	+12.7%	Cons. · Japanese GAAP

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

Equity net assets, shareholders' equity

FYE Mar 2026 ¥236bn

CAGR · 10 yrs +5.4%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	146	n/a	Cons. · Japanese GAAP
FYE Mar 2018	141	−3.3%	Cons. · Japanese GAAP
FYE Mar 2019	163	+15.3%	Cons. · Japanese GAAP
FYE Mar 2020	146	−10.5%	Cons. · Japanese GAAP
FYE Mar 2021	174	+19.1%	Cons. · Japanese GAAP
FYE Mar 2022	175	+0.6%	Cons. · Japanese GAAP
FYE Mar 2023	179	+2.6%	Cons. · Japanese GAAP
FYE Mar 2024	200	+11.5%	Cons. · Japanese GAAP
FYE Mar 2025	208	+4.0%	Cons. · Japanese GAAP
FYE Mar 2026	236	+13.3%	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 ¥65bn

CAGR · 10 yrs −1.0%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	71.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	72.0	+1.3%	Cons. · Japanese GAAP
FYE Mar 2019	57.3	−20.4%	Cons. · Japanese GAAP
FYE Mar 2020	52.8	−7.7%	Cons. · Japanese GAAP
FYE Mar 2021	41.2	−22.0%	Cons. · Japanese GAAP
FYE Mar 2022	64.5	+56.6%	Cons. · Japanese GAAP
FYE Mar 2023	57.3	−11.3%	Cons. · Japanese GAAP
FYE Mar 2024	55.3	−3.4%	Cons. · Japanese GAAP
FYE Mar 2025	48.6	−12.1%	Cons. · Japanese GAAP
FYE Mar 2026	64.8	+33.3%	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 ¥37bn

CAGR · 10 yrs −3.6%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	51.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	55.2	+6.5%	Cons. · Japanese GAAP
FYE Mar 2019	43.6	−21.0%	Cons. · Japanese GAAP
FYE Mar 2020	43.1	−1.3%	Cons. · Japanese GAAP
FYE Mar 2021	33.7	−21.7%	Cons. · Japanese GAAP
FYE Mar 2022	58.7	+73.9%	Cons. · Japanese GAAP
FYE Mar 2023	49.5	−15.7%	Cons. · Japanese GAAP
FYE Mar 2024	42.9	−13.2%	Cons. · Japanese GAAP
FYE Mar 2025	28.3	−34.0%	Cons. · Japanese GAAP
FYE Mar 2026	37.1	+30.9%	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 ¥28bn

CAGR · 10 yrs +4.1%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	19.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.8	−12.8%	Cons. · Japanese GAAP
FYE Mar 2019	13.7	−18.7%	Cons. · Japanese GAAP
FYE Mar 2020	9.8	−28.4%	Cons. · Japanese GAAP
FYE Mar 2021	7.5	−23.5%	Cons. · Japanese GAAP
FYE Mar 2022	5.9	−21.3%	Cons. · Japanese GAAP
FYE Mar 2023	7.8	+32.6%	Cons. · Japanese GAAP
FYE Mar 2024	12.4	+58.9%	Cons. · Japanese GAAP
FYE Mar 2025	20.3	+63.8%	Cons. · Japanese GAAP
FYE Mar 2026	27.7	+36.7%	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 ¥14bn

CAGR · 10 yrs +16.5%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	3.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.1	−9.4%	Cons. · Japanese GAAP
FYE Mar 2019	3.2	+2.4%	Cons. · Japanese GAAP
FYE Mar 2020	3.0	−6.7%	Cons. · Japanese GAAP
FYE Mar 2021	2.9	−2.9%	Cons. · Japanese GAAP
FYE Mar 2022	2.6	−9.3%	Cons. · Japanese GAAP
FYE Mar 2023	2.4	−9.2%	Cons. · Japanese GAAP
FYE Mar 2024	3.9	+60.4%	Cons. · Japanese GAAP
FYE Mar 2025	9.3	+141.9%	Cons. · Japanese GAAP
FYE Mar 2026	13.7	+47.2%	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 ¥2.7bn

CAGR · 8 yrs +108.1%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.0	−37.5%	Cons. · Japanese GAAP
FYE Mar 2019	0.0	−30.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.0	−42.9%	Cons. · Japanese GAAP
FYE Mar 2021	0.0	−50.0%	Cons. · Japanese GAAP
FYE Mar 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	3.0	+16438.9%	Cons. · Japanese GAAP
FYE Mar 2026	2.7	−9.3%	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 47.3%

Average · 10 yrs 45.5%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	43.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	40.1	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2019	44.5	+4.4pp	Cons. · Japanese GAAP
FYE Mar 2020	45.2	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	49.2	+4.0pp	Cons. · Japanese GAAP
FYE Mar 2022	45.0	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2023	47.2	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2024	46.8	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	47.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	47.3	+0.2pp	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 27.5%

Average · 10 yrs 34.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	48.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	50.9	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2019	35.1	−15.8pp	Cons. · Japanese GAAP
FYE Mar 2020	36.2	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2021	23.7	−12.5pp	Cons. · Japanese GAAP
FYE Mar 2022	36.9	+13.2pp	Cons. · Japanese GAAP
FYE Mar 2023	31.9	−5.0pp	Cons. · Japanese GAAP
FYE Mar 2024	27.6	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2025	23.4	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2026	27.5	+4.1pp	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 8.8%

Average · 10 yrs 8.7%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	6.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.8	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2019	7.9	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2020	7.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	7.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	12.8	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2023	10.9	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2024	10.0	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	9.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	8.8	−0.8pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 4.1%

Average · 10 yrs 4.0%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	2.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.9	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	3.5	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	3.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	3.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	5.7	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2023	5.1	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	4.7	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	4.5	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	4.1	−0.3pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 1.67×

CAGR · 10 yrs −0.3%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.72	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.76	+2.1%	Cons. · Japanese GAAP
FYE Mar 2019	1.73	−1.7%	Cons. · Japanese GAAP
FYE Mar 2020	1.86	+7.4%	Cons. · Japanese GAAP
FYE Mar 2021	1.64	−12.1%	Cons. · Japanese GAAP
FYE Mar 2022	1.75	+7.0%	Cons. · Japanese GAAP
FYE Mar 2023	1.93	+10.5%	Cons. · Japanese GAAP
FYE Mar 2024	1.79	−7.3%	Cons. · Japanese GAAP
FYE Mar 2025	1.90	+5.7%	Cons. · Japanese GAAP
FYE Mar 2026	1.67	−11.8%	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 ¥21bn

CAGR · 10 yrs +31.1%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	1.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.0	+223.9%	Cons. · Japanese GAAP
FYE Mar 2019	12.5	+109.9%	Cons. · Japanese GAAP
FYE Mar 2020	10.7	−14.5%	Cons. · Japanese GAAP
FYE Mar 2021	17.6	+64.8%	Cons. · Japanese GAAP
FYE Mar 2022	-11.4	−165.0%	Cons. · Japanese GAAP
FYE Mar 2023	9.9	n/a	Cons. · Japanese GAAP
FYE Mar 2024	30.2	+204.5%	Cons. · Japanese GAAP
FYE Mar 2025	19.9	−34.1%	Cons. · Japanese GAAP
FYE Mar 2026	21.1	+5.9%	Cons. · Japanese GAAP

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

Investing cash flow

FYE Mar 2026 -¥13bn

Average · 10 yrs -¥0.2bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	4.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.1	+12.9%	Cons. · Japanese GAAP
FYE Mar 2019	0.7	−85.4%	Cons. · Japanese GAAP
FYE Mar 2020	-0.5	−170.7%	Cons. · Japanese GAAP
FYE Mar 2021	-0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	5.4	n/a	Cons. · Japanese GAAP
FYE Mar 2023	8.3	+52.0%	Cons. · Japanese GAAP
FYE Mar 2024	-2.4	−128.8%	Cons. · Japanese GAAP
FYE Mar 2025	-9.5	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-13.0	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 ¥3.9bn

Average · 10 yrs -¥7.2bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-4.9	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-19.5	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-7.3	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-17.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	6.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-17.6	−392.8%	Cons. · Japanese GAAP
FYE Mar 2024	-14.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-0.8	n/a	Cons. · Japanese GAAP
FYE Mar 2026	3.9	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 ¥73bn

CAGR · 10 yrs +13.7%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	22.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.2	+27.5%	Cons. · Japanese GAAP
FYE Mar 2019	23.0	−21.3%	Cons. · Japanese GAAP
FYE Mar 2020	25.5	+10.7%	Cons. · Japanese GAAP
FYE Mar 2021	26.0	+2.0%	Cons. · Japanese GAAP
FYE Mar 2022	28.3	+8.7%	Cons. · Japanese GAAP
FYE Mar 2023	29.8	+5.4%	Cons. · Japanese GAAP
FYE Mar 2024	46.3	+55.4%	Cons. · Japanese GAAP
FYE Mar 2025	55.4	+19.6%	Cons. · Japanese GAAP
FYE Mar 2026	72.7	+31.3%	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 ¥8.1bn

CAGR · 10 yrs +2.7%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	6.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.0	+74.1%	Cons. · Japanese GAAP
FYE Mar 2019	13.3	+20.0%	Cons. · Japanese GAAP
FYE Mar 2020	10.2	−23.3%	Cons. · Japanese GAAP
FYE Mar 2021	17.2	+69.1%	Cons. · Japanese GAAP
FYE Mar 2022	-6.0	−134.9%	Cons. · Japanese GAAP
FYE Mar 2023	18.2	n/a	Cons. · Japanese GAAP
FYE Mar 2024	27.8	+52.8%	Cons. · Japanese GAAP
FYE Mar 2025	10.4	−62.6%	Cons. · Japanese GAAP
FYE Mar 2026	8.1	−22.5%	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 2.5%

Average · 10 yrs 1.7%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	2.0	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2020	1.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	3.0	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2022	-1.7	−4.7pp	Cons. · Japanese GAAP
FYE Mar 2023	1.3	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2024	3.9	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2025	2.4	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2026	2.5	+0.2pp	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 ¥7.9bn

Average · 10 yrs -¥23bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-48.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-42.8	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-34.3	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-27.4	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-15.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-36.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-27.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-9.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	6.7	n/a	Cons. · Japanese GAAP
FYE Mar 2026	7.9	+16.8%	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 ¥213bn

Change · 10 yrs +¥127bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	86.3	n/a
FYE Mar 2018	103	n/a
FYE Mar 2019	95.3	n/a
FYE Mar 2020	74.3	n/a
FYE Mar 2021	105	n/a
FYE Mar 2022	125	n/a
FYE Mar 2023	153	n/a
FYE Mar 2024	178	n/a
FYE Mar 2025	173	n/a
FYE Mar 2026	213	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 3,964¥

Change · 10 yrs +2,604¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,359	n/a
FYE Mar 2018	1,616	n/a
FYE Mar 2019	1,501	n/a
FYE Mar 2020	1,171	n/a
FYE Mar 2021	1,650	n/a
FYE Mar 2022	2,058	n/a
FYE Mar 2023	2,678	n/a
FYE Mar 2024	3,187	n/a
FYE Mar 2025	3,166	n/a
FYE Mar 2026	3,964	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 53,714,127shares

Change · 10 yrs −9,785,100 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	63,499,227	Parent
FYE Mar 2018	63,499,227	Parent
FYE Mar 2019	63,499,227	Parent
FYE Mar 2020	63,499,227	Parent
FYE Mar 2021	63,499,227	Parent
FYE Mar 2022	60,799,227	Parent
FYE Mar 2023	57,114,127	Parent
FYE Mar 2024	55,914,127	Parent
FYE Mar 2025	54,714,127	Parent
FYE Mar 2026	53,714,127	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 384.84¥

Change · 10 yrs +228.59¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	156.25	Cons.
FYE Mar 2018	109.92	Cons.
FYE Mar 2019	211.36	Cons.
FYE Mar 2020	188.82	Cons.
FYE Mar 2021	229.13	Cons.
FYE Mar 2022	374.23	Cons.
FYE Mar 2023	343.31	Cons.
FYE Mar 2024	362.17	Cons.
FYE Mar 2025	363.90	Cons.
FYE Mar 2026	384.84	Cons.

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

BPS book value per share

FYE Mar 2026 4,389.52¥

Change · 10 yrs +2,086.21¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	2,303.30	Cons. · Japanese GAAP
FYE Mar 2018	2,226.86	Cons. · Japanese GAAP
FYE Mar 2019	2,566.55	Cons. · Japanese GAAP
FYE Mar 2020	2,298.04	Cons. · Japanese GAAP
FYE Mar 2021	2,737.10	Cons. · Japanese GAAP
FYE Mar 2022	2,876.98	Cons. · Japanese GAAP
FYE Mar 2023	3,142.15	Cons. · Japanese GAAP
FYE Mar 2024	3,579.88	Cons. · Japanese GAAP
FYE Mar 2025	3,804.41	Cons. · Japanese GAAP
FYE Mar 2026	4,389.52	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 10.30×

Average · 10 yrs 8.50×

Fiscal year	PER ×	Basis
FYE Mar 2017	8.70	Cons.
FYE Mar 2018	14.70	Cons.
FYE Mar 2019	7.10	Cons.
FYE Mar 2020	6.20	Cons.
FYE Mar 2021	7.20	Cons.
FYE Mar 2022	5.50	Cons.
FYE Mar 2023	7.80	Cons.
FYE Mar 2024	8.80	Cons.
FYE Mar 2025	8.70	Cons.
FYE Mar 2026	10.30	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 0.90×

Average · 10 yrs 0.70×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.57	Cons.
FYE Mar 2018	0.70	Cons.
FYE Mar 2019	0.56	Cons.
FYE Mar 2020	0.48	Cons.
FYE Mar 2021	0.57	Cons.
FYE Mar 2022	0.67	Cons.
FYE Mar 2023	0.83	Cons.
FYE Mar 2024	0.88	Cons.
FYE Mar 2025	0.83	Cons.
FYE Mar 2026	0.90	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 4,719people

Change · 10 yrs +892 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	3,827	n/a	Cons.
FYE Mar 2018	4,098	+7.1%	Cons.
FYE Mar 2019	4,184	+2.1%	Cons.
FYE Mar 2020	4,282	+2.3%	Cons.
FYE Mar 2021	4,203	−1.8%	Cons.
FYE Mar 2022	4,207	+0.1%	Cons.
FYE Mar 2023	4,316	+2.6%	Cons.
FYE Mar 2024	4,631	+7.3%	Cons.
FYE Mar 2025	4,677	+1.0%	Cons.
FYE Mar 2026	4,719	+0.9%	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 678people

Change · 10 yrs +170 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	508	n/a	Parent
FYE Mar 2018	508	−0.0%	Parent
FYE Mar 2019	511	+0.6%	Parent
FYE Mar 2020	534	+4.5%	Parent
FYE Mar 2021	536	+0.4%	Parent
FYE Mar 2022	552	+3.0%	Parent
FYE Mar 2023	589	+6.7%	Parent
FYE Mar 2024	630	+7.0%	Parent
FYE Mar 2025	667	+5.9%	Parent
FYE Mar 2026	678	+1.6%	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 1,006万円

Change · 8 yrs +143万円

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	863	n/a	Parent
FYE Mar 2020	857	−0.6%	Parent
FYE Mar 2021	851	−0.8%	Parent
FYE Mar 2022	861	+1.2%	Parent
FYE Mar 2023	914	+6.2%	Parent
FYE Mar 2024	929	+1.6%	Parent
FYE Mar 2025	984	+6.0%	Parent
FYE Mar 2026	1,006	+2.2%	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 40.1years

Change · 8 yrs −1.0 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	41.1	n/a	Parent
FYE Mar 2020	40.8	−0.7%	Parent
FYE Mar 2021	40.1	−1.7%	Parent
FYE Mar 2022	41.4	+3.2%	Parent
FYE Mar 2023	41.6	+0.5%	Parent
FYE Mar 2024	41.5	−0.2%	Parent
FYE Mar 2025	41.0	−1.2%	Parent
FYE Mar 2026	40.1	−2.2%	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 13.0years

Change · 8 yrs −1.0 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	14.0	n/a	Parent
FYE Mar 2020	13.7	−2.1%	Parent
FYE Mar 2021	13.7	−0.0%	Parent
FYE Mar 2022	13.1	−4.4%	Parent
FYE Mar 2023	13.8	+5.3%	Parent
FYE Mar 2024	13.7	−0.7%	Parent
FYE Mar 2025	13.4	−2.2%	Parent
FYE Mar 2026	13.0	−3.0%	Parent

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

Revenue per employee

FYE Mar 2026 ¥176m

Change · 10 yrs +¥23.2m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	153	n/a	Cons.
FYE Mar 2018	152	−1.1%	Cons.
FYE Mar 2019	152	+0.1%	Cons.
FYE Mar 2020	140	−7.6%	Cons.
FYE Mar 2021	137	−2.0%	Cons.
FYE Mar 2022	162	+17.8%	Cons.
FYE Mar 2023	170	+5.3%	Cons.
FYE Mar 2024	165	−3.0%	Cons.
FYE Mar 2025	179	+8.3%	Cons.
FYE Mar 2026	176	−1.5%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥5.5m

Change · 10 yrs +¥2.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	3.3	n/a	Cons.
FYE Mar 2018	1.5	−55.9%	Cons.
FYE Mar 2019	3.4	+130.5%	Cons.
FYE Mar 2020	3.1	−7.9%	Cons.
FYE Mar 2021	3.6	+15.3%	Cons.
FYE Mar 2022	4.8	+33.8%	Cons.
FYE Mar 2023	4.7	−1.3%	Cons.
FYE Mar 2024	4.6	−2.8%	Cons.
FYE Mar 2025	5.5	+20.7%	Cons.
FYE Mar 2026	5.5	+0.4%	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

Inabata’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/8098/company.json ·/api/8098/history.json ·/api/8098/ceo.json ·/api/8098/financials.json ·/api/8098/financials/segment.json ·/api/8098/financials/pl.json ·/api/8098/financials/cf.json ·/api/8098/financials/bs.json ·/api/8098/financials/employee.json ·/api/8098/financials/stock.json ·/api/8098/financials.csv ·/api/8098/financials_history.csv

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