Financials

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

FYE Mar 2026 · Revenue¥922bnYoY +32.5%

FYE Mar 2026 · Operating profit¥45bnYoY −8.8%

FYE Mar 2026 · Net profit¥48bnYoY +13.3%

FYE Mar 2026 · Equity ratio10.3%YoY +0.4pp

FYE Mar 2026 · Group employees2,434YoY +152

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥429bn	n/a	¥18bn	n/a	4.2%	¥12bn	Onishi Setsu	Enters aircraft operating leasing with Aircastle
FYE Mar 2018Consolidated	¥400bn	−6.9%	¥19bn	+6.7%	4.8%	¥14bn	Motoyama Hiroshi	—
FYE Mar 2019Consolidated	¥385bn	−3.7%	¥23bn	+19.6%	6.0%	¥17bn	Motoyama Hiroshi	Revenue ¥384.9 billion; finance becomes the second profit engine
FYE Mar 2020Consolidated	¥539bn	+40.1%	¥26bn	+14.7%	4.9%	¥18bn	Motoyama Hiroshi	Mizuho takes 22.2%; renamed Mizuho Leasing
FYE Mar 2021Consolidated	¥498bn	−7.7%	¥26bn	−1.2%	5.2%	¥22bn	Motoyama Hiroshi	Acquires 25% of Aircastle with Marubeni
FYE Mar 2022Consolidated	¥555bn	+11.4%	¥18bn	−31.1%	3.2%	¥15bn	Tsuhara Shusaku	Aircastle goodwill of ¥10.7 billion written off in full
FYE Mar 2023Consolidated	¥530bn	−4.5%	¥32bn	+77.5%	6.0%	¥28bn	Tsuhara Shusaku	—
FYE Mar 2024Consolidated	¥656bn	+23.9%	¥40bn	+24.4%	6.0%	¥35bn	Tsuhara Shusaku	—
FYE Mar 2025Consolidated	¥695bn	+6.0%	¥49bn	+23.9%	7.0%	¥42bn	Nakamura Akira	Marubeni takes 20.0%, becoming the second-largest shareholder
FYE Mar 2026Consolidated	¥922bn	+32.5%	¥45bn	−8.8%	4.8%	¥48bn	Nakamura Akira	Record revenue ¥695.4 billion; net income ¥42.0 billion

How it compares

Orix¥3.33tnFY2025Operating margin 13.7%Mitsubishi HC Capital¥2.22tnFY2025Operating margin 10.9%Tokyo Century¥1.46tnFY2025Operating margin 10.2%

Mizuho Leasing¥922bnFY2025Operating margin 4.8%

Fuyo General Lease¥789bnFY2025Operating margin 5.1%

Rikorisu¥312bnFY2024Operating margin 7.0%

Enuishikyapitarusoryushon¥255bnFY2024Operating margin 3.1%

FPG¥130bnFY2025Operating margin 19.6%

Japaninbesutomentoadobaiza¥39bnFY2025Operating margin 48.7%

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 ¥922bn

CAGR · 10 yrs +8.9%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	429	n/a	Cons. · Japanese GAAP
FYE Mar 2018	400	−6.9%	Cons. · Japanese GAAP
FYE Mar 2019	385	−3.7%	Cons. · Japanese GAAP
FYE Mar 2020	539	+40.1%	Cons. · Japanese GAAP
FYE Mar 2021	498	−7.7%	Cons. · Japanese GAAP
FYE Mar 2022	555	+11.4%	Cons. · Japanese GAAP
FYE Mar 2023	530	−4.5%	Cons. · Japanese GAAP
FYE Mar 2024	656	+23.9%	Cons. · Japanese GAAP
FYE Mar 2025	695	+6.0%	Cons. · Japanese GAAP
FYE Mar 2026	922	+32.5%	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 ¥833bn

CAGR · 10 yrs +8.8%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	390	n/a	Cons. · Japanese GAAP
FYE Mar 2018	362	−7.3%	Cons. · Japanese GAAP
FYE Mar 2019	341	−5.7%	Cons. · Japanese GAAP
FYE Mar 2020	489	+43.4%	Cons. · Japanese GAAP
FYE Mar 2021	447	−8.6%	Cons. · Japanese GAAP
FYE Mar 2022	500	+12.0%	Cons. · Japanese GAAP
FYE Mar 2023	468	−6.4%	Cons. · Japanese GAAP
FYE Mar 2024	583	+24.4%	Cons. · Japanese GAAP
FYE Mar 2025	609	+4.6%	Cons. · Japanese GAAP
FYE Mar 2026	833	+36.7%	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 ¥89bn

CAGR · 10 yrs +9.5%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	39.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	38.2	−2.6%	Cons. · Japanese GAAP
FYE Mar 2019	44.1	+15.5%	Cons. · Japanese GAAP
FYE Mar 2020	50.5	+14.5%	Cons. · Japanese GAAP
FYE Mar 2021	51.3	+1.6%	Cons. · Japanese GAAP
FYE Mar 2022	54.5	+6.2%	Cons. · Japanese GAAP
FYE Mar 2023	61.4	+12.5%	Cons. · Japanese GAAP
FYE Mar 2024	73.6	+20.0%	Cons. · Japanese GAAP
FYE Mar 2025	86.3	+17.3%	Cons. · Japanese GAAP
FYE Mar 2026	88.9	+2.9%	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 ¥44bn

CAGR · 10 yrs +8.5%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	21.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.0	−10.4%	Cons. · Japanese GAAP
FYE Mar 2019	21.2	+11.5%	Cons. · Japanese GAAP
FYE Mar 2020	24.2	+14.3%	Cons. · Japanese GAAP
FYE Mar 2021	25.4	+4.7%	Cons. · Japanese GAAP
FYE Mar 2022	36.6	+44.3%	Cons. · Japanese GAAP
FYE Mar 2023	29.6	−19.2%	Cons. · Japanese GAAP
FYE Mar 2024	34.1	+15.2%	Cons. · Japanese GAAP
FYE Mar 2025	37.4	+9.6%	Cons. · Japanese GAAP
FYE Mar 2026	44.2	+18.2%	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 ¥45bn

CAGR · 10 yrs +10.7%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	18.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.2	+6.7%	Cons. · Japanese GAAP
FYE Mar 2019	22.9	+19.6%	Cons. · Japanese GAAP
FYE Mar 2020	26.3	+14.7%	Cons. · Japanese GAAP
FYE Mar 2021	26.0	−1.2%	Cons. · Japanese GAAP
FYE Mar 2022	17.9	−31.1%	Cons. · Japanese GAAP
FYE Mar 2023	31.8	+77.5%	Cons. · Japanese GAAP
FYE Mar 2024	39.5	+24.4%	Cons. · Japanese GAAP
FYE Mar 2025	49.0	+23.9%	Cons. · Japanese GAAP
FYE Mar 2026	44.7	−8.8%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥28bn

CAGR · 10 yrs +41.5%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.2	−4.7%	Cons. · Japanese GAAP
FYE Mar 2019	2.4	+108.6%	Cons. · Japanese GAAP
FYE Mar 2020	1.5	−38.3%	Cons. · Japanese GAAP
FYE Mar 2021	3.5	+134.0%	Cons. · Japanese GAAP
FYE Mar 2022	3.6	+2.3%	Cons. · Japanese GAAP
FYE Mar 2023	10.7	+196.0%	Cons. · Japanese GAAP
FYE Mar 2024	15.2	+42.0%	Cons. · Japanese GAAP
FYE Mar 2025	22.6	+49.1%	Cons. · Japanese GAAP
FYE Mar 2026	28.0	+23.9%	Cons. · Japanese GAAP

Definition: Income from outside the core business
Formula: Non-operating income line of the income statement
Source: Securities report (XBRL)

Non-operating expenses

FYE Mar 2026 ¥7.7bn

CAGR · 10 yrs +38.9%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.4	−8.2%	Cons. · Japanese GAAP
FYE Mar 2019	1.1	+206.2%	Cons. · Japanese GAAP
FYE Mar 2020	1.1	−5.4%	Cons. · Japanese GAAP
FYE Mar 2021	1.9	+82.3%	Cons. · Japanese GAAP
FYE Mar 2022	1.4	−26.1%	Cons. · Japanese GAAP
FYE Mar 2023	2.3	+61.9%	Cons. · Japanese GAAP
FYE Mar 2024	3.8	+62.6%	Cons. · Japanese GAAP
FYE Mar 2025	5.4	+41.8%	Cons. · Japanese GAAP
FYE Mar 2026	7.7	+43.9%	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 ¥65bn

CAGR · 10 yrs +14.8%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	18.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.0	+6.3%	Cons. · Japanese GAAP
FYE Mar 2019	24.2	+21.3%	Cons. · Japanese GAAP
FYE Mar 2020	26.7	+10.3%	Cons. · Japanese GAAP
FYE Mar 2021	27.5	+3.1%	Cons. · Japanese GAAP
FYE Mar 2022	20.1	−27.2%	Cons. · Japanese GAAP
FYE Mar 2023	40.1	+99.9%	Cons. · Japanese GAAP
FYE Mar 2024	50.9	+26.9%	Cons. · Japanese GAAP
FYE Mar 2025	66.2	+30.1%	Cons. · Japanese GAAP
FYE Mar 2026	65.0	−1.9%	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 ¥4.3bn

CAGR · 10 yrs +36.2%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.6	+120.3%	Cons. · Japanese GAAP
FYE Mar 2019	1.0	+62.1%	Cons. · Japanese GAAP
FYE Mar 2020	0.5	−49.4%	Cons. · Japanese GAAP
FYE Mar 2021	4.1	+759.7%	Cons. · Japanese GAAP
FYE Mar 2022	0.2	−95.8%	Cons. · Japanese GAAP
FYE Mar 2023	0.3	+70.3%	Cons. · Japanese GAAP
FYE Mar 2024	0.2	−29.2%	Cons. · Japanese GAAP
FYE Mar 2025	0.4	+91.0%	Cons. · Japanese GAAP
FYE Mar 2026	4.3	+965.0%	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 ¥2.5bn

CAGR · 7 yrs +131.6%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.0	n/a	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	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2022	0.0	−90.3%	Cons. · Japanese GAAP
FYE Mar 2023	0.4	+3272.7%	Cons. · Japanese GAAP
FYE Mar 2024	0.0	−92.5%	Cons. · Japanese GAAP
FYE Mar 2025	0.7	+2571.4%	Cons. · Japanese GAAP
FYE Mar 2026	2.5	+229.7%	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 ¥48bn

CAGR · 10 yrs +16.1%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	12.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.6	+9.9%	Cons. · Japanese GAAP
FYE Mar 2019	16.6	+21.6%	Cons. · Japanese GAAP
FYE Mar 2020	17.5	+5.5%	Cons. · Japanese GAAP
FYE Mar 2021	21.8	+24.3%	Cons. · Japanese GAAP
FYE Mar 2022	14.9	−31.6%	Cons. · Japanese GAAP
FYE Mar 2023	28.4	+90.6%	Cons. · Japanese GAAP
FYE Mar 2024	35.2	+24.0%	Cons. · Japanese GAAP
FYE Mar 2025	42.0	+19.4%	Cons. · Japanese GAAP
FYE Mar 2026	47.6	+13.3%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 9.6%

Average · 10 yrs 10.5%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	9.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	11.5	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	9.4	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2021	10.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	9.8	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	11.6	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2024	11.2	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	12.4	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	9.6	−2.8pp	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 4.8%

Average · 10 yrs 5.2%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	4.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.8	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	6.0	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	4.9	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2021	5.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	3.2	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2023	6.0	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2024	6.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	7.0	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	4.8	−2.2pp	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 7.0%

Average · 10 yrs 6.2%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	4.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	6.3	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	5.0	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	5.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	3.6	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2023	7.6	+4.0pp	Cons. · Japanese GAAP
FYE Mar 2024	7.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	9.5	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2026	7.0	−2.5pp	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 5.2%

Average · 10 yrs 4.3%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	2.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	4.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	3.2	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2021	4.4	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	2.7	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2023	5.4	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2024	5.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	6.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	5.2	−0.9pp	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 90.4%

Average · 10 yrs 89.5%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	90.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	90.4	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	88.5	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	90.6	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2021	89.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	90.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	88.4	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2024	88.8	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	87.6	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	90.4	+2.8pp	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 4.8%

Average · 10 yrs 5.2%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	4.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	5.5	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	4.5	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	5.1	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	6.6	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	5.6	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	5.2	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	5.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	4.8	−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 ¥4.18tn

CAGR · 10 yrs +10.1%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	1,752	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,821	+3.9%	Cons. · Japanese GAAP
FYE Mar 2019	2,162	+18.7%	Cons. · Japanese GAAP
FYE Mar 2020	2,348	+8.6%	Cons. · Japanese GAAP
FYE Mar 2021	2,603	+10.8%	Cons. · Japanese GAAP
FYE Mar 2022	2,749	+5.6%	Cons. · Japanese GAAP
FYE Mar 2023	2,955	+7.5%	Cons. · Japanese GAAP
FYE Mar 2024	3,363	+13.8%	Cons. · Japanese GAAP
FYE Mar 2025	3,898	+15.9%	Cons. · Japanese GAAP
FYE Mar 2026	4,175	+7.1%	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 ¥428bn

CAGR · 10 yrs +13.5%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	137	n/a	Cons. · Japanese GAAP
FYE Mar 2018	149	+9.1%	Cons. · Japanese GAAP
FYE Mar 2019	174	+16.6%	Cons. · Japanese GAAP
FYE Mar 2020	185	+6.7%	Cons. · Japanese GAAP
FYE Mar 2021	201	+8.3%	Cons. · Japanese GAAP
FYE Mar 2022	219	+9.4%	Cons. · Japanese GAAP
FYE Mar 2023	263	+19.7%	Cons. · Japanese GAAP
FYE Mar 2024	309	+17.6%	Cons. · Japanese GAAP
FYE Mar 2025	383	+23.9%	Cons. · Japanese GAAP
FYE Mar 2026	428	+11.8%	Cons. · Japanese GAAP

Definition: The part of the funding that never has to be repaid
Formula: Net assets line of the balance sheet
Source: Securities report (XBRL)

Interest-bearing debt

FYE Mar 2026 ¥1.96tn

CAGR · 10 yrs +10.9%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	768	n/a	Cons. · Japanese GAAP
FYE Mar 2018	738	−4.0%	Cons. · Japanese GAAP
FYE Mar 2019	826	+12.0%	Cons. · Japanese GAAP
FYE Mar 2020	880	+6.4%	Cons. · Japanese GAAP
FYE Mar 2021	968	+10.0%	Cons. · Japanese GAAP
FYE Mar 2022	1,062	+9.8%	Cons. · Japanese GAAP
FYE Mar 2023	1,166	+9.8%	Cons. · Japanese GAAP
FYE Mar 2024	1,357	+16.4%	Cons. · Japanese GAAP
FYE Mar 2025	1,671	+23.1%	Cons. · Japanese GAAP
FYE Mar 2026	1,955	+17.0%	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 ¥767bn

CAGR · 10 yrs +10.5%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	313	n/a	Cons. · Japanese GAAP
FYE Mar 2018	271	−13.4%	Cons. · Japanese GAAP
FYE Mar 2019	302	+11.6%	Cons. · Japanese GAAP
FYE Mar 2020	257	−15.0%	Cons. · Japanese GAAP
FYE Mar 2021	318	+23.8%	Cons. · Japanese GAAP
FYE Mar 2022	380	+19.7%	Cons. · Japanese GAAP
FYE Mar 2023	418	+10.0%	Cons. · Japanese GAAP
FYE Mar 2024	524	+25.3%	Cons. · Japanese GAAP
FYE Mar 2025	712	+35.8%	Cons. · Japanese GAAP
FYE Mar 2026	767	+7.7%	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 ¥1.19tn

CAGR · 10 yrs +11.2%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	455	n/a	Cons. · Japanese GAAP
FYE Mar 2018	467	+2.5%	Cons. · Japanese GAAP
FYE Mar 2019	524	+12.3%	Cons. · Japanese GAAP
FYE Mar 2020	623	+18.8%	Cons. · Japanese GAAP
FYE Mar 2021	650	+4.3%	Cons. · Japanese GAAP
FYE Mar 2022	682	+4.9%	Cons. · Japanese GAAP
FYE Mar 2023	748	+9.6%	Cons. · Japanese GAAP
FYE Mar 2024	833	+11.4%	Cons. · Japanese GAAP
FYE Mar 2025	959	+15.1%	Cons. · Japanese GAAP
FYE Mar 2026	1,188	+23.9%	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 ¥32bn

CAGR · 10 yrs +25.3%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	4.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.3	+3.0%	Cons. · Japanese GAAP
FYE Mar 2019	6.1	+40.7%	Cons. · Japanese GAAP
FYE Mar 2020	6.4	+4.8%	Cons. · Japanese GAAP
FYE Mar 2021	7.1	+11.4%	Cons. · Japanese GAAP
FYE Mar 2022	16.7	+136.1%	Cons. · Japanese GAAP
FYE Mar 2023	15.1	−9.9%	Cons. · Japanese GAAP
FYE Mar 2024	19.9	+32.3%	Cons. · Japanese GAAP
FYE Mar 2025	22.9	+14.8%	Cons. · Japanese GAAP
FYE Mar 2026	32.0	+39.7%	Cons. · Japanese GAAP

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

Goodwill

FYE Mar 2026 ¥10bn

CAGR · 8 yrs +79.5%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.1	−20.8%	Cons. · Japanese GAAP
FYE Mar 2019	0.5	+297.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.1	−88.1%	Cons. · Japanese GAAP
FYE Mar 2021	0.0	−54.0%	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	4.6	n/a	Cons. · Japanese GAAP
FYE Mar 2025	4.2	−8.9%	Cons. · Japanese GAAP
FYE Mar 2026	10.1	+139.3%	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 10.3%

Average · 10 yrs 8.6%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	7.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.2	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	8.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	7.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	7.7	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	8.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	8.9	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	9.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	9.8	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	10.3	+0.4pp	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 456.8%

Average · 10 yrs 475.1%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	562.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	495.2	−67.2pp	Cons. · Japanese GAAP
FYE Mar 2019	475.9	−19.2pp	Cons. · Japanese GAAP
FYE Mar 2020	475.0	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	482.4	+7.4pp	Cons. · Japanese GAAP
FYE Mar 2022	484.0	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2023	443.8	−40.3pp	Cons. · Japanese GAAP
FYE Mar 2024	439.4	−4.4pp	Cons. · Japanese GAAP
FYE Mar 2025	436.4	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2026	456.8	+20.4pp	Cons. · Japanese GAAP

Definition: Borrowings measured against the company's own capital
Formula: Interest-bearing debt ÷ equity
Source: Securities report (XBRL)

ROE return on equity

FYE Mar 2026 11.1%

Average · 10 yrs 9.9%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	9.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	9.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	9.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	10.9	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2022	6.8	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2023	10.8	+4.0pp	Cons. · Japanese GAAP
FYE Mar 2024	11.4	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	11.0	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	11.1	+0.1pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 1.1%

Average · 10 yrs 0.9%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	0.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	0.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	0.8	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	0.5	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	1.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	1.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	1.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	1.1	+0.1pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.22×

CAGR · 10 yrs −1.2%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.25	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.22	−10.4%	Cons. · Japanese GAAP
FYE Mar 2019	0.18	−18.9%	Cons. · Japanese GAAP
FYE Mar 2020	0.23	+29.0%	Cons. · Japanese GAAP
FYE Mar 2021	0.19	−16.7%	Cons. · Japanese GAAP
FYE Mar 2022	0.20	+5.5%	Cons. · Japanese GAAP
FYE Mar 2023	0.18	−11.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.20	+8.8%	Cons. · Japanese GAAP
FYE Mar 2025	0.18	−8.6%	Cons. · Japanese GAAP
FYE Mar 2026	0.22	+23.7%	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 -¥18bn

Average · 10 yrs -¥148bn

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-73.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-54.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-296	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-69.1	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-197	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-68.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-118	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-192	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-393	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-18.4	n/a	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 -¥107bn

Average · 10 yrs -¥42bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-0.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-2.1	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-7.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-98.3	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-53.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-27.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-17.1	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-52.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-53.2	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-107	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 ¥146bn

CAGR · 10 yrs +9.0%

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	67.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	44.3	−34.1%	Cons. · Japanese GAAP
FYE Mar 2019	300	+575.9%	Cons. · Japanese GAAP
FYE Mar 2020	165	−45.1%	Cons. · Japanese GAAP
FYE Mar 2021	248	+50.9%	Cons. · Japanese GAAP
FYE Mar 2022	99.8	−59.8%	Cons. · Japanese GAAP
FYE Mar 2023	144	+43.8%	Cons. · Japanese GAAP
FYE Mar 2024	267	+85.7%	Cons. · Japanese GAAP
FYE Mar 2025	457	+71.5%	Cons. · Japanese GAAP
FYE Mar 2026	146	−68.0%	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 ¥89bn

CAGR · 10 yrs +8.8%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	41.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.6	−28.8%	Cons. · Japanese GAAP
FYE Mar 2019	25.4	−14.1%	Cons. · Japanese GAAP
FYE Mar 2020	22.3	−12.3%	Cons. · Japanese GAAP
FYE Mar 2021	20.4	−8.5%	Cons. · Japanese GAAP
FYE Mar 2022	24.5	+20.1%	Cons. · Japanese GAAP
FYE Mar 2023	33.5	+36.5%	Cons. · Japanese GAAP
FYE Mar 2024	56.2	+68.0%	Cons. · Japanese GAAP
FYE Mar 2025	68.0	+21.0%	Cons. · Japanese GAAP
FYE Mar 2026	88.8	+30.6%	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 -¥125bn

Average · 10 yrs -¥190bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	-73.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-56.3	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-304	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-167	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-250	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-96.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-135	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-244	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-447	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-125	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 -2.0%

Average · 10 yrs -28.2%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	-17.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-13.6	+3.5pp	Cons. · Japanese GAAP
FYE Mar 2019	-76.8	−63.3pp	Cons. · Japanese GAAP
FYE Mar 2020	-12.8	+64.0pp	Cons. · Japanese GAAP
FYE Mar 2021	-39.5	−26.7pp	Cons. · Japanese GAAP
FYE Mar 2022	-12.3	+27.2pp	Cons. · Japanese GAAP
FYE Mar 2023	-22.2	−9.9pp	Cons. · Japanese GAAP
FYE Mar 2024	-29.3	−7.1pp	Cons. · Japanese GAAP
FYE Mar 2025	-56.6	−27.3pp	Cons. · Japanese GAAP
FYE Mar 2026	-2.0	+54.6pp	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 -¥1.87tn

Average · 10 yrs -¥1.10tn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-726	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-708	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-801	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-857	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-947	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-1,038	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-1,133	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-1,301	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-1,603	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-1,866	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 ¥394bn

Change · 10 yrs +¥292bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	102	n/a
FYE Mar 2018	128	n/a
FYE Mar 2019	128	n/a
FYE Mar 2020	102	n/a
FYE Mar 2021	163	n/a
FYE Mar 2022	146	n/a
FYE Mar 2023	173	n/a
FYE Mar 2024	284	n/a
FYE Mar 2025	293	n/a
FYE Mar 2026	394	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 1,394¥

Change · 10 yrs −993¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	2,387	n/a
FYE Mar 2018	3,007	n/a
FYE Mar 2019	2,604	n/a
FYE Mar 2020	2,091	n/a
FYE Mar 2021	3,331	n/a
FYE Mar 2022	2,988	n/a
FYE Mar 2023	3,521	n/a
FYE Mar 2024	5,803	n/a
FYE Mar 2025	1,035	n/a
FYE Mar 2026	1,394	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 282,666,300shares

Change · 10 yrs +240,017,300 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	42,649,000	Parent
FYE Mar 2018	42,649,000	Parent
FYE Mar 2019	49,004,000	Parent
FYE Mar 2020	49,004,000	Parent
FYE Mar 2021	49,004,000	Parent
FYE Mar 2022	49,004,000	Parent
FYE Mar 2023	49,004,000	Parent
FYE Mar 2024	49,004,000	Parent
FYE Mar 2025	282,666,300	Parent
FYE Mar 2026	282,666,300	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 169.98¥

Change · 10 yrs −121.10¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	291.08	Cons.
FYE Mar 2018	319.91	Cons.
FYE Mar 2019	388.64	Cons.
FYE Mar 2020	72.10	Cons.
FYE Mar 2021	90.03	Cons.
FYE Mar 2022	61.61	Cons.
FYE Mar 2023	117.35	Cons.
FYE Mar 2024	145.07	Cons.
FYE Mar 2025	154.54	Cons.
FYE Mar 2026	169.98	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 1,514.43¥

Change · 10 yrs −1,687.80¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	3,202.23	Cons. · Japanese GAAP
FYE Mar 2018	3,492.49	Cons. · Japanese GAAP
FYE Mar 2019	3,543.24	Cons. · Japanese GAAP
FYE Mar 2020	3,779.00	Cons. · Japanese GAAP
FYE Mar 2021	4,093.85	Cons. · Japanese GAAP
FYE Mar 2022	4,478.12	Cons. · Japanese GAAP
FYE Mar 2023	5,362.07	Cons. · Japanese GAAP
FYE Mar 2024	6,303.69	Cons. · Japanese GAAP
FYE Mar 2025	1,354.52	Cons. · Japanese GAAP
FYE Mar 2026	1,514.43	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 8.20×

Average · 10 yrs 7.61×

Fiscal year	PER ×	Basis
FYE Mar 2017	8.20	Cons.
FYE Mar 2018	9.40	Cons.
FYE Mar 2019	6.70	Cons.
FYE Mar 2020	5.80	Cons.
FYE Mar 2021	7.40	Cons.
FYE Mar 2022	9.70	Cons.
FYE Mar 2023	6.00	Cons.
FYE Mar 2024	8.00	Cons.
FYE Mar 2025	6.70	Cons.
FYE Mar 2026	8.20	Cons.

Definition: How many years of earnings the price stands for
Formula: Year-end price ÷ EPS
Source: Securities report (XBRL)

PBR price-to-book ratio

FYE Mar 2026 0.91×

Average · 10 yrs 0.76×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.75	Cons.
FYE Mar 2018	0.86	Cons.
FYE Mar 2019	0.73	Cons.
FYE Mar 2020	0.55	Cons.
FYE Mar 2021	0.80	Cons.
FYE Mar 2022	0.66	Cons.
FYE Mar 2023	0.65	Cons.
FYE Mar 2024	0.91	Cons.
FYE Mar 2025	0.76	Cons.
FYE Mar 2026	0.91	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 2,434people

Change · 10 yrs +1,381 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	1,053	n/a	Cons.
FYE Mar 2018	1,081	+2.7%	Cons.
FYE Mar 2019	1,627	+50.5%	Cons.
FYE Mar 2020	1,745	+7.3%	Cons.
FYE Mar 2021	1,795	+2.9%	Cons.
FYE Mar 2022	1,864	+3.8%	Cons.
FYE Mar 2023	1,964	+5.4%	Cons.
FYE Mar 2024	2,176	+10.8%	Cons.
FYE Mar 2025	2,282	+4.9%	Cons.
FYE Mar 2026	2,434	+6.7%	Cons.

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

Parent-company employees

FYE Mar 2026 838people

Change · 10 yrs +244 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	594	n/a	Parent
FYE Mar 2018	621	+4.5%	Parent
FYE Mar 2019	661	+6.4%	Parent
FYE Mar 2020	687	+3.9%	Parent
FYE Mar 2021	740	+7.7%	Parent
FYE Mar 2022	784	+5.9%	Parent
FYE Mar 2023	814	+3.8%	Parent
FYE Mar 2024	811	−0.4%	Parent
FYE Mar 2025	819	+1.0%	Parent
FYE Mar 2026	838	+2.3%	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 972万円

Change · 8 yrs +221万円

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	751	n/a	Parent
FYE Mar 2020	821	+9.3%	Parent
FYE Mar 2021	875	+6.5%	Parent
FYE Mar 2022	903	+3.2%	Parent
FYE Mar 2023	898	−0.6%	Parent
FYE Mar 2024	917	+2.2%	Parent
FYE Mar 2025	937	+2.1%	Parent
FYE Mar 2026	972	+3.8%	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 44.6years

Change · 8 yrs +1.9 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	42.7	n/a	Parent
FYE Mar 2020	43.1	+0.9%	Parent
FYE Mar 2021	43.5	+0.9%	Parent
FYE Mar 2022	43.5	−0.0%	Parent
FYE Mar 2023	43.6	+0.2%	Parent
FYE Mar 2024	43.9	+0.7%	Parent
FYE Mar 2025	44.1	+0.5%	Parent
FYE Mar 2026	44.6	+1.1%	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 14.0years

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	15.0	n/a	Parent
FYE Mar 2020	14.0	−6.7%	Parent
FYE Mar 2021	14.0	−0.0%	Parent
FYE Mar 2022	14.0	−0.0%	Parent
FYE Mar 2023	13.0	−7.1%	Parent
FYE Mar 2024	14.0	+7.7%	Parent
FYE Mar 2025	14.0	−0.0%	Parent
FYE Mar 2026	14.0	−0.0%	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)

Temporary employees

FYE Mar 2026 100people

Change · 10 yrs −18 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	118	n/a	n/a
FYE Mar 2018	106	−10.2%	n/a
FYE Mar 2019	83	−21.7%	n/a
FYE Mar 2020	89	+7.2%	n/a
FYE Mar 2021	92	+3.4%	n/a
FYE Mar 2022	107	+16.3%	n/a
FYE Mar 2023	102	−4.7%	n/a
FYE Mar 2024	94	−7.8%	n/a
FYE Mar 2025	95	+1.1%	n/a
FYE Mar 2026	100	+5.3%	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 ¥379m

Change · 10 yrs −¥29.2m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	408	n/a	Cons.
FYE Mar 2018	370	−9.3%	Cons.
FYE Mar 2019	237	−36.0%	Cons.
FYE Mar 2020	309	+30.6%	Cons.
FYE Mar 2021	277	−10.2%	Cons.
FYE Mar 2022	298	+7.3%	Cons.
FYE Mar 2023	270	−9.4%	Cons.
FYE Mar 2024	302	+11.8%	Cons.
FYE Mar 2025	305	+1.1%	Cons.
FYE Mar 2026	379	+24.2%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥18.4m

Change · 10 yrs +¥1.3m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	17.1	n/a	Cons.
FYE Mar 2018	17.7	+3.9%	Cons.
FYE Mar 2019	14.1	−20.6%	Cons.
FYE Mar 2020	15.1	+6.9%	Cons.
FYE Mar 2021	14.5	−3.9%	Cons.
FYE Mar 2022	9.6	−33.6%	Cons.
FYE Mar 2023	16.2	+68.4%	Cons.
FYE Mar 2024	18.2	+12.3%	Cons.
FYE Mar 2025	21.5	+18.2%	Cons.
FYE Mar 2026	18.4	−14.5%	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

Mizuho Leasing’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/8425/company.json ·/api/8425/history.json ·/api/8425/ceo.json ·/api/8425/financials.json ·/api/8425/financials/segment.json ·/api/8425/financials/pl.json ·/api/8425/financials/cf.json ·/api/8425/financials/bs.json ·/api/8425/financials/employee.json ·/api/8425/financials/stock.json ·/api/8425/financials.csv ·/api/8425/financials_history.csv

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