Mitsui Fudosan

Financial history

Revenue · FYE Mar 2026
¥2.71tn
Operating profit · FYE Mar 2026
¥398bn
Net profit · FYE Mar 2026
¥279bn
Total assets
¥10.1tn
Equity ratio
32.4%
Long-term series
1971–2025
Mitsui Fudosan: long-term performance & turning pointsSales (revenue) and profit-margin ratio
Sales (¥ bn)Net margin (%)
Long-term results, every fiscal year on record (¥ bn). Scroll sideways for earlier years.
Fiscal year Unit 1971 *1 FYE Mar 1972 *1 FYE Mar 1973 *1 FYE Mar 1976 *2 FYE Mar 1977 *2 FYE Mar 1978 *2 FYE Mar 1979 *2 FYE Mar 1980 *2 FYE Mar 1981 *2 FYE Mar 1982 *2 FYE Mar 1983 *2 FYE Mar 1984 *2 FYE Mar 1985 *2 FYE Mar 1992 *3 FYE Mar 1993 *3 FYE Mar 1994 *3 FYE Mar 1995 *3 FYE Mar 1996 *3 FYE Mar 1997 *3 FYE Mar 1998 *3 FYE Mar 1999 *3 FYE Mar 2000 *3 FYE Mar 2001 *3 FYE Mar 2002 *4 FYE Mar 2003 *4 FYE Mar 2004 *4 FYE Mar 2005 *4 FYE Mar 2006 *4 FYE Mar 2007 *4 FYE Mar 2008 *4 FYE Mar 2009 *4 FYE Mar 2010 *4 FYE Mar 2011 *4 FYE Mar 2012 *4 FYE Mar 2013 *4 FYE Mar 2014 *4 FYE Mar 2015 *4 FYE Mar 2016 *4 FYE Mar 2017 *4 FYE Mar 2018 *4 FYE Mar 2019 *4 FYE Mar 2020 *4 FYE Mar 2021 *4 FYE Mar 2022 *4 FYE Mar 2023 *4 FYE Mar 2024 *4 FYE Mar 2025 *4 FYE Mar
Revenue JPY ¥50bn¥61bn¥76bn¥92bn¥102bn¥114bn¥130bn¥150bn¥181bn¥198bn¥224bn¥248bn¥263bn¥1.36tn¥1.35tn¥1.30tn¥1.24tn¥1.21tn¥1.27tn¥1.16tn¥1.14tn¥1.19tn¥1.19tn¥1.15tn¥1.08tn¥1.10tn¥1.11tn¥1.16tn¥1.23tn¥1.36tn¥1.42tn¥1.38tn¥1.41tn¥1.34tn¥1.45tn¥1.52tn¥1.53tn¥1.57tn¥1.70tn¥1.75tn¥1.86tn¥1.91tn¥2.01tn¥2.10tn¥2.27tn¥2.38tn¥2.63tn
YoY % +22.2%+24.7%+10.7%+11.7%+14.3%+15.4%+20.3%+9.4%+13.1%+10.8%+6.0%-1.1%-3.4%-4.6%-2.6%+5.0%-8.8%-1.6%+4.8%-0.2%-3.4%-6.1%+1.9%+0.8%+4.3%+6.0%+10.7%+4.4%-2.5%+1.5%-4.8%+8.0%+4.8%+0.9%+2.5%+8.7%+2.7%+6.3%+2.4%+5.3%+4.6%+8.0%+5.0%+10.2%
Operating profit JPY ¥138bn¥162bn¥179bn¥172bn¥121bn¥120bn¥126bn¥148bn¥173bn¥186bn¥203bn¥233bn¥246bn¥262bn¥281bn¥204bn¥245bn¥305bn¥340bn¥373bn
YoY % +17.7%+10.8%-4.4%-29.7%-0.4%+4.9%+17.6%+16.5%+7.8%+8.8%+14.9%+5.7%+6.6%+7.1%-27.4%+20.2%+24.7%+11.2%+9.7%
Ordinary profit JPY ¥5.0bn¥5.7bn¥6.1bn¥5.3bn¥5.8bn¥6.8bn¥8.3bn¥9.3bn¥11bn¥13bn¥15bn¥16bn¥19bn¥119bn¥142bn¥163bn¥146bn¥94bn¥96bn¥103bn¥123bn¥145bn¥163bn¥183bn¥220bn¥240bn¥254bn¥259bn¥169bn¥225bn¥265bn¥268bn¥290bn
Net profit JPY ¥3.3bn¥3.4bn¥3.6bn¥3.1bn¥3.5bn¥4.0bn¥4.2bn¥4.7bn¥5.6bn¥6.2bn¥7.3bn¥8.1bn¥9.2bn¥31bn¥19bn¥10bn¥9.0bn¥4.1bn-¥44bn-¥32bn-¥36bn-¥58bn¥26bn¥30bn¥26bn¥14bn¥29bn¥57bn¥75bn¥87bn¥86bn¥60bn¥50bn¥50bn¥59bn¥77bn¥100bn¥118bn¥132bn¥156bn¥169bn¥184bn¥130bn¥177bn¥197bn¥225bn¥249bn
YoY % +3.0%+5.9%+12.3%+13.8%+5.6%+10.3%+19.2%+11.7%+16.6%+11.3%+13.6%-38.9%-46.8%-10.9%-54.4%-1170.7%+14.2%-14.4%-43.5%+98.6%+97.6%+33.1%+16.1%-2.1%-29.8%-16.8%+0.4%+18.6%+29.3%+30.3%+17.6%+12.0%+18.2%+8.2%+9.1%-29.6%+36.6%+11.3%+14.1%+10.7%
Operating margin % 11.9%13.2%13.2%12.1%8.7%8.5%9.4%10.3%11.4%12.2%12.9%13.7%14.0%14.1%14.7%10.2%11.7%13.5%14.3%14.2%
Net margin % 6.6%5.6%4.7%3.4%3.5%3.5%3.3%3.1%3.1%3.1%3.2%3.3%3.5%2.3%1.4%0.8%0.7%0.3%-3.5%-2.7%-3.1%-4.9%2.2%2.6%2.4%1.3%2.6%4.9%6.1%6.4%6.0%4.3%3.6%3.7%4.1%5.1%6.5%7.5%7.7%8.9%9.1%9.7%6.5%8.4%8.7%9.4%9.5%
Cost structure Cost of sales SG&A Operating profit Operating margin

Where each yen of revenue goes — cost of sales, SG&A and what is left as operating profit (¥ bn, stacked)

Revenue and its cost lines, every year the breakdown was filed (¥ bn).
Fiscal year Unit 2006 *1 FYE Mar 2007 *1 FYE Mar 2008 *1 FYE Mar 2009 *1 FYE Mar 2010 *1 FYE Mar 2011 *1 FYE Mar 2012 *1 FYE Mar 2013 *1 FYE Mar 2014 *1 FYE Mar 2015 *1 FYE Mar 2016 *1 FYE Mar 2017 *1 FYE Mar 2018 *1 FYE Mar 2019 *1 FYE Mar 2020 *1 FYE Mar 2021 *1 FYE Mar 2022 *1 FYE Mar 2023 *1 FYE Mar 2024 *1 FYE Mar 2025 *1 FYE Mar 2026 *1 FYE Mar
Revenue JPY ¥1.16tn¥1.23tn¥1.36tn¥1.42tn¥1.38tn¥1.41tn¥1.34tn¥1.45tn¥1.52tn¥1.53tn¥1.57tn¥1.70tn¥1.75tn¥1.86tn¥1.91tn¥2.01tn¥2.10tn¥2.27tn¥2.38tn¥2.63tn¥2.71tn
YoY % +6.0%+10.7%+4.4%-2.5%+1.5%-4.8%+8.0%+4.8%+0.9%+2.5%+8.7%+2.7%+6.3%+2.4%+5.3%+4.6%+8.0%+5.0%+10.2%+3.2%
Cost of sales JPY ¥904bn¥943bn¥1.04tn¥1.10tn¥1.12tn¥1.14tn¥1.07tn¥1.15tn¥1.19tn¥1.20tn¥1.21tn¥1.31tn¥1.34tn¥1.42tn¥1.44tn¥1.61tn¥1.65tn¥1.74tn¥1.79tn¥1.99tn¥2.03tn
SG&A JPY ¥118bn¥124bn¥141bn¥149bn¥144bn¥147bn¥145bn¥150bn¥153bn¥142bn¥151bn¥163bn¥166bn¥176bn¥189bn¥194bn¥205bn¥221bn¥253bn¥262bn¥277bn
Operating profit JPY ¥138bn¥162bn¥179bn¥172bn¥121bn¥120bn¥126bn¥148bn¥173bn¥186bn¥202bn¥233bn¥246bn¥262bn¥281bn¥204bn¥245bn¥305bn¥340bn¥373bn¥398bn
YoY % +17.7%+10.8%-4.3%-29.7%-0.4%+5.0%+17.6%+16.5%+7.8%+8.8%+14.9%+5.7%+6.6%+7.0%-27.4%+20.2%+24.7%+11.2%+9.7%+6.7%
Operating margin % 11.9%13.2%13.2%12.1%8.7%8.5%9.4%10.3%11.4%12.2%12.9%13.7%14.0%14.1%14.7%10.2%11.7%13.5%14.3%14.2%14.7%
Change pp +1.3pp0.0pp-1.1pp-3.4pp-0.2pp+0.9pp+0.9pp+1.1pp+0.8pp+0.7pp+0.8pp+0.3pp+0.1pp+0.6pp-4.5pp+1.5pp+1.8pp+0.8pp-0.1pp+0.5pp
Balance sheet Total assets Equity Interest-bearing debt Equity ratio

Total assets, equity and interest-bearing debt (¥ bn), with the equity ratio (%)

Balance-sheet totals, every year on record (¥ bn).
Fiscal year Unit 2009 *1 FYE Mar 2010 *1 FYE Mar 2011 *1 FYE Mar 2012 *1 FYE Mar 2013 *1 FYE Mar 2014 *1 FYE Mar 2015 *1 FYE Mar 2016 *1 FYE Mar 2017 *1 FYE Mar 2018 *1 FYE Mar 2019 *1 FYE Mar 2020 *1 FYE Mar 2021 *1 FYE Mar 2022 *1 FYE Mar 2023 *1 FYE Mar 2024 *1 FYE Mar 2025 *1 FYE Mar 2026 *1 FYE Mar
Total assets JPY ¥3.76tn¥3.71tn¥3.78tn¥3.87tn¥4.39tn¥4.55tn¥5.07tn¥5.36tn¥5.55tn¥6.28tn¥6.80tn¥7.40tn¥7.74tn¥8.21tn¥8.84tn¥9.49tn¥9.86tn¥10.1tn
YoY % -1.3%+1.9%+2.3%+13.5%+3.6%+11.4%+5.8%+3.5%+13.2%+8.2%+8.7%+4.7%+6.0%+7.7%+7.3%+3.9%+2.5%
Equity JPY ¥1000bn¥1.01tn¥1.02tn¥1.10tn¥1.23tn¥1.33tn¥1.87tn¥1.92tn¥1.99tn¥2.21tn¥2.34tn¥2.41tn¥2.56tn¥2.80tn¥2.90tn¥3.11tn¥3.15tn¥3.28tn
YoY % +0.9%+1.1%+7.9%+12.1%+7.5%+41.3%+2.7%+3.2%+11.1%+6.2%+2.8%+6.1%+9.4%+3.7%+7.2%+1.2%+4.1%
Interest-bearing debt JPY ¥1.75tn¥1.74tn¥1.70tn¥2.12tn¥1.77tn¥1.43tn¥1.55tn¥1.56tn¥1.68tn¥1.84tn¥2.04tn¥2.21tn¥2.34tn¥2.55tn¥3.05tn¥2.99tn¥3.15tn
Equity ratio % 26.6%27.2%27.0%28.4%28.1%29.1%37.0%35.9%35.8%35.1%34.5%32.6%33.0%34.1%32.8%32.8%31.9%32.4%
Change pp +0.6pp-0.2pp+1.4pp-0.3pp+1.0pp+7.9pp-1.1pp-0.1pp-0.7pp-0.6pp-1.9pp+0.4pp+1.1pp-1.3pp0.0pp-0.9pp+0.5pp
Cash flow Operating CF Investing CF Financing CF

Cash generated by operations, spent on investment and raised or repaid in financing (¥ bn)

Cash flows as filed, every year on record (¥ bn). A negative figure is cash out.
Fiscal year Unit 2009 *1 FYE Mar 2010 *1 FYE Mar 2011 *1 FYE Mar 2012 *1 FYE Mar 2013 *1 FYE Mar 2014 *1 FYE Mar 2015 *1 FYE Mar 2016 *1 FYE Mar 2017 *1 FYE Mar 2018 *1 FYE Mar 2019 *1 FYE Mar 2020 *1 FYE Mar 2021 *1 FYE Mar 2022 *1 FYE Mar 2023 *1 FYE Mar 2024 *1 FYE Mar 2025 *1 FYE Mar 2026 *1 FYE Mar
Operating CF JPY -¥41bn¥84bn¥185bn¥148bn¥100bn¥190bn¥30bn¥32bn¥227bn¥30bn¥217bn¥87bn¥188bn¥271bn¥298bn¥242bn¥599bn¥145bn
YoY % +119.3%-19.9%-32.7%+90.5%-84.0%+6.0%+607.3%-86.7%+618.9%-59.8%+115.7%+44.5%+9.7%-18.8%+147.9%-75.8%
Investing CF JPY -¥142bn-¥65bn-¥171bn-¥124bn-¥71bn-¥44bn-¥262bn-¥240bn-¥202bn-¥365bn-¥389bn-¥533bn-¥131bn-¥210bn-¥422bn-¥287bn-¥322bn-¥179bn
Financing CF JPY ¥182bn-¥20bn-¥20bn-¥19bn-¥7.9bn-¥124bn¥222bn¥201bn¥15bn¥289bn¥231bn¥468bn-¥67bn-¥140bn¥111bn¥60bn-¥269bn-¥59bn
Cash & equivalents JPY ¥63bn¥63bn¥57bn¥62bn¥102bn¥127bn¥119bn¥110bn¥149bn¥101bn¥158bn¥179bn¥188bn¥143bn¥132bn¥179bn¥163bn¥82bn
YoY % -0.2%-9.7%+8.9%+64.6%+25.3%-6.6%-7.6%+35.1%-32.2%+56.6%+13.8%+4.6%-24.0%-7.3%+35.5%-8.9%-49.6%
Key ratios Operating margin Net margin ROE Equity ratio

Profitability and balance-sheet strength (%). ROE uses year-end equity.

Ratios by fiscal year (%), with the year-on-year move in percentage points. Derived from the filed figures above.
Fiscal year Unit 2002 *1 FYE Mar 2003 *1 FYE Mar 2004 *1 FYE Mar 2005 *1 FYE Mar 2006 *1 FYE Mar 2007 *1 FYE Mar 2008 *1 FYE Mar 2009 *1 FYE Mar 2010 *1 FYE Mar 2011 *1 FYE Mar 2012 *1 FYE Mar 2013 *1 FYE Mar 2014 *1 FYE Mar 2015 *1 FYE Mar 2016 *1 FYE Mar 2017 *1 FYE Mar 2018 *1 FYE Mar 2019 *1 FYE Mar 2020 *1 FYE Mar 2021 *1 FYE Mar 2022 *1 FYE Mar 2023 *1 FYE Mar 2024 *1 FYE Mar 2025 *1 FYE Mar 2026 *1 FYE Mar
Operating margin % 11.9%13.2%13.2%12.1%8.7%8.5%9.4%10.3%11.4%12.2%12.9%13.7%14.0%14.1%14.7%10.2%11.7%13.5%14.3%14.2%14.7%
Change pp +1.3pp0.0pp-1.1pp-3.4pp-0.2pp+0.9pp+0.9pp+1.1pp+0.8pp+0.7pp+0.8pp+0.3pp+0.1pp+0.6pp-4.5pp+1.5pp+1.8pp+0.8pp-0.1pp+0.5pp
Net margin % 2.6%2.4%1.3%2.6%4.9%6.1%6.4%6.0%4.3%3.6%3.7%4.1%5.1%6.6%7.5%7.7%8.9%9.1%9.7%6.5%8.4%8.7%9.4%9.5%10.3%
Change pp -0.2pp-1.1pp+1.3pp+2.3pp+1.2pp+0.3pp-0.4pp-1.7pp-0.7pp+0.1pp+0.4pp+1.0pp+1.5pp+0.9pp+0.2pp+1.2pp+0.2pp+0.6pp-3.2pp+1.9pp+0.3pp+0.7pp+0.1pp+0.8pp
ROE % 8.6%6.0%4.9%4.6%4.8%5.8%5.3%6.1%6.6%7.1%7.2%7.6%5.1%6.3%6.8%7.2%7.9%8.5%
Change pp -2.6pp-1.1pp-0.3pp+0.2pp+1.0pp-0.5pp+0.8pp+0.5pp+0.5pp+0.1pp+0.4pp-2.5pp+1.2pp+0.5pp+0.4pp+0.7pp+0.6pp
Equity ratio % 26.6%27.2%27.0%28.4%28.1%29.1%37.0%35.9%35.8%35.1%34.5%32.6%33.0%34.1%32.8%32.8%31.9%32.4%
Change pp +0.6pp-0.2pp+1.4pp-0.3pp+1.0pp+7.9pp-1.1pp-0.1pp-0.7pp-0.6pp-1.9pp+0.4pp+1.1pp-1.3pp0.0pp-0.9pp+0.5pp
Reporting basis

Which accounting standard each fiscal year was filed under. Figures are not strictly comparable across a change of standard.

Accounting standard and reporting basis, by fiscal year.
Fiscal year Unit 2001 *1 FYE Mar 2002 *1 FYE Mar 2003 *1 FYE Mar 2004 *1 FYE Mar 2005 *1 FYE Mar 2006 *1 FYE Mar 2007 *1 FYE Mar 2008 *1 FYE Mar 2009 *1 FYE Mar 2010 *1 FYE Mar 2011 *1 FYE Mar 2012 *1 FYE Mar 2013 *1 FYE Mar 2014 *1 FYE Mar 2015 *1 FYE Mar 2016 *1 FYE Mar 2017 *1 FYE Mar 2018 *1 FYE Mar 2019 *1 FYE Mar 2020 *1 FYE Mar 2021 *1 FYE Mar 2022 *1 FYE Mar 2023 *1 FYE Mar 2024 *1 FYE Mar 2025 *1 FYE Mar 2026 *1 FYE Mar
Standard JGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAPJGAAP
Basis ConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidated
Yen–dollar exchange rate ¥ per US$1

Annual average, yen per one US dollar. Every figure above is in yen as filed — convert one using the rate of its own year, never today's. A higher line is a weaker yen.

Annual average ¥/US$ rate, 1949–2026. YoY above zero means the yen weakened.
Fiscal year Unit 1949 *1 Cal. year 1950 *1 Cal. year 1951 *1 Cal. year 1952 *1 Cal. year 1953 *1 Cal. year 1954 *1 Cal. year 1955 *1 Cal. year 1956 *1 Cal. year 1957 *1 Cal. year 1958 *1 Cal. year 1959 *1 Cal. year 1960 *1 Cal. year 1961 *1 Cal. year 1962 *1 Cal. year 1963 *1 Cal. year 1964 *1 Cal. year 1965 *1 Cal. year 1966 *1 Cal. year 1967 *1 Cal. year 1968 *1 Cal. year 1969 *1 Cal. year 1970 *1 Cal. year 1971 *1 Cal. year 1972 *2 Cal. year 1973 *3 Cal. year 1974 *3 Cal. year 1975 *3 Cal. year 1976 *3 Cal. year 1977 *3 Cal. year 1978 *3 Cal. year 1979 *3 Cal. year 1980 *4 Cal. year 1981 *4 Cal. year 1982 *4 Cal. year 1983 *4 Cal. year 1984 *4 Cal. year 1985 *4 Cal. year 1986 *4 Cal. year 1987 *4 Cal. year 1988 *4 Cal. year 1989 *4 Cal. year 1990 *4 Cal. year 1991 *4 Cal. year 1992 *4 Cal. year 1993 *4 Cal. year 1994 *4 Cal. year 1995 *4 Cal. year 1996 *4 Cal. year 1997 *4 Cal. year 1998 *4 Cal. year 1999 *4 Cal. year 2000 *4 Cal. year 2001 *4 Cal. year 2002 *4 Cal. year 2003 *4 Cal. year 2004 *4 Cal. year 2005 *4 Cal. year 2006 *4 Cal. year 2007 *4 Cal. year 2008 *4 Cal. year 2009 *4 Cal. year 2010 *4 Cal. year 2011 *4 Cal. year 2012 *4 Cal. year 2013 *4 Cal. year 2014 *4 Cal. year 2015 *4 Cal. year 2016 *4 Cal. year 2017 *4 Cal. year 2018 *4 Cal. year 2019 *4 Cal. year 2020 *4 Cal. year 2021 *4 Cal. year 2022 *4 Cal. year 2023 *4 Cal. year 2024 *4 Cal. year 2025 *4 Cal. year 2026 *4,5 Cal. year
Rate ¥/US$ ¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥360.00¥308.00¥274.00¥293.00¥299.00¥292.00¥257.00¥201.00¥230.00¥226.69¥220.55¥249.06¥237.48¥237.53¥238.53¥168.52¥144.60¥128.13¥137.98¥144.81¥134.51¥126.67¥111.18¥102.22¥94.05¥108.77¥121.02¥130.89¥113.84¥107.74¥121.52¥125.28¥115.92¥108.16¥110.15¥116.28¥117.77¥103.33¥93.53¥87.77¥79.78¥79.79¥97.60¥105.84¥121.02¥108.84¥112.16¥110.40¥109.01¥106.78¥109.78¥131.37¥140.51¥151.50¥149.65¥158.16
YoY % 0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%-14.4%-11.0%+6.9%+2.0%-2.3%-12.0%-21.8%+14.4%-1.4%-2.7%+12.9%-4.6%0.0%+0.4%-29.4%-14.2%-11.4%+7.7%+4.9%-7.1%-5.8%-12.2%-8.1%-8.0%+15.7%+11.3%+8.2%-13.0%-5.4%+12.8%+3.1%-7.5%-6.7%+1.8%+5.6%+1.3%-12.3%-9.5%-6.2%-9.1%0.0%+22.3%+8.4%+14.3%-10.1%+3.1%-1.6%-1.3%-2.0%+2.8%+19.7%+7.0%+7.8%-1.2%+5.7%

Exchange rates & sources — the full table →

Download the long-term series (CSV) → Compiled from securities reports and other public filings. We do not guarantee accuracy or currency, and do not track post-filing corrections. Check the primary sources before relying on these figures.

All figures are in Japanese yen as filed. Where a foreign-currency comparison is needed elsewhere on this site, yen amounts are converted at the average rate of each figure's own year — not today's rate. Exchange rates & sources →

Read the company history → 日本語版(詳細)— full financial data in Japanese →


Disclaimer


Data API

Mitsui Fudosan’s history, financials, executives and shareholders are published as static JSON — no key, plain GET.

Method Endpoint Returns
GET /api/companies.json All companies
GET /api/8801/manifest.json Resource index
GET /api/8801/history.json History overview
GET /api/8801/timeline.json Chronology
GET /api/decisions.json All management decisions (index)
GET /api/8801/decisions.json Management decisions (index)
GET /api/8801/decisions/{slug}.json One decision (full dossier)
GET /api/8801/executives.json Executives
GET /api/8801/shareholders.json Major shareholders
GET /api/8801/financials.json Financial statements
GET /api/8801/financials-longterm.json Long-term results
GET /api/8801/segments.json Business segments
GET /api/8801/regions.json Sales by region
GET /api/8801/workforce.json Workforce