Financials

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

FYE Mar 2026 · Revenue¥2.71tnYoY +3.2%

FYE Mar 2026 · Operating profit¥398bnYoY +6.7%

FYE Mar 2026 · Net profit¥279bnYoY +12.0%

FYE Mar 2026 · Equity ratio32.4%YoY +0.5pp

FYE Mar 2026 · Group employees27,704YoY +1,074

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥1.70tn	n/a	¥233bn	n/a	13.7%	¥132bn	Komoda Masanobu	—
FYE Mar 2018Consolidated	¥1.75tn	+2.7%	¥246bn	+5.7%	14.0%	¥156bn	Komoda Masanobu	—
FYE Mar 2019Consolidated	¥1.86tn	+6.3%	¥262bn	+6.6%	14.1%	¥169bn	Komoda Masanobu	Tokyo Midtown Hibiya completed in February
FYE Mar 2020Consolidated	¥1.91tn	+2.4%	¥281bn	+7.0%	14.7%	¥184bn	Komoda Masanobu	—
FYE Mar 2021Consolidated	¥2.01tn	+5.3%	¥204bn	−27.4%	10.2%	¥130bn	Komoda Masanobu	—
FYE Mar 2022Consolidated	¥2.10tn	+4.6%	¥245bn	+20.2%	11.7%	¥177bn	Komoda Masanobu	Tokyo Dome made a subsidiary through a tender offer
FYE Mar 2023Consolidated	¥2.27tn	+8.0%	¥305bn	+24.7%	13.5%	¥197bn	Komoda Masanobu	—
FYE Mar 2024Consolidated	¥2.38tn	+5.0%	¥340bn	+11.2%	14.3%	¥225bn	Komoda Masanobu	<a class="en-history_person" href="/tse/8801/executives/ceo/ueda-takashi/" hreflang="ja">Ueda Takashi</a> becomes president and representative director
FYE Mar 2025Consolidated	¥2.63tn	+10.2%	¥373bn	+9.7%	14.2%	¥249bn	Ueda Takashi	Long-term management policy “& INNOVATION 2030” announced
FYE Mar 2026Consolidated	¥2.71tn	+3.2%	¥398bn	+6.7%	14.7%	¥279bn	Ueda Takashi	—

How it compares

Mitsui Fudosan¥2.71tnFY2025Operating margin 14.7%

Mitsubishi Estate¥1.75tnFY2025Operating margin 18.9%Tokyu Fudosan Holdings¥1.25tnFY2025Operating margin 13.4%Sumitomo Realty & Development¥1.06tnFY2025Operating margin 28.3%Nomura Real Estate Holdings¥943bnFY2025Operating margin 14.7%Hulic¥727bnFY2025Operating margin 25.7%Tokyo Tatemono¥475bnFY2025Operating margin 20.2%Mori Building Co., Ltd.¥411bnFY2025Operating margin 23.8%

DAIKYO INCORPORATEDDelisted 2019

Nihonkuukoubirudengu¥290bnFY2025Operating margin 15.5%

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 ¥2.71tn

CAGR · 10 yrs +5.3%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	1,704	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,751	+2.7%	Cons. · Japanese GAAP
FYE Mar 2019	1,861	+6.3%	Cons. · Japanese GAAP
FYE Mar 2020	1,906	+2.4%	Cons. · Japanese GAAP
FYE Mar 2021	2,008	+5.3%	Cons. · Japanese GAAP
FYE Mar 2022	2,101	+4.6%	Cons. · Japanese GAAP
FYE Mar 2023	2,269	+8.0%	Cons. · Japanese GAAP
FYE Mar 2024	2,383	+5.0%	Cons. · Japanese GAAP
FYE Mar 2025	2,625	+10.2%	Cons. · Japanese GAAP
FYE Mar 2026	2,710	+3.2%	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 ¥2.03tn

CAGR · 10 yrs +5.0%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	1,308	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,339	+2.4%	Cons. · Japanese GAAP
FYE Mar 2019	1,423	+6.3%	Cons. · Japanese GAAP
FYE Mar 2020	1,436	+0.9%	Cons. · Japanese GAAP
FYE Mar 2021	1,610	+12.1%	Cons. · Japanese GAAP
FYE Mar 2022	1,650	+2.5%	Cons. · Japanese GAAP
FYE Mar 2023	1,742	+5.6%	Cons. · Japanese GAAP
FYE Mar 2024	1,790	+2.7%	Cons. · Japanese GAAP
FYE Mar 2025	1,990	+11.2%	Cons. · Japanese GAAP
FYE Mar 2026	2,035	+2.2%	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 ¥675bn

CAGR · 10 yrs +6.1%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	396	n/a	Cons. · Japanese GAAP
FYE Mar 2018	412	+4.0%	Cons. · Japanese GAAP
FYE Mar 2019	438	+6.3%	Cons. · Japanese GAAP
FYE Mar 2020	470	+7.3%	Cons. · Japanese GAAP
FYE Mar 2021	398	−15.3%	Cons. · Japanese GAAP
FYE Mar 2022	450	+13.2%	Cons. · Japanese GAAP
FYE Mar 2023	527	+16.9%	Cons. · Japanese GAAP
FYE Mar 2024	593	+12.6%	Cons. · Japanese GAAP
FYE Mar 2025	635	+7.1%	Cons. · Japanese GAAP
FYE Mar 2026	675	+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 ¥277bn

CAGR · 10 yrs +6.0%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	163	n/a	Cons. · Japanese GAAP
FYE Mar 2018	166	+1.5%	Cons. · Japanese GAAP
FYE Mar 2019	176	+6.0%	Cons. · Japanese GAAP
FYE Mar 2020	189	+7.7%	Cons. · Japanese GAAP
FYE Mar 2021	194	+2.7%	Cons. · Japanese GAAP
FYE Mar 2022	205	+5.8%	Cons. · Japanese GAAP
FYE Mar 2023	221	+7.7%	Cons. · Japanese GAAP
FYE Mar 2024	253	+14.5%	Cons. · Japanese GAAP
FYE Mar 2025	262	+3.5%	Cons. · Japanese GAAP
FYE Mar 2026	277	+5.6%	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 ¥398bn

CAGR · 10 yrs +6.1%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	233	n/a	Cons. · Japanese GAAP
FYE Mar 2018	246	+5.7%	Cons. · Japanese GAAP
FYE Mar 2019	262	+6.6%	Cons. · Japanese GAAP
FYE Mar 2020	281	+7.0%	Cons. · Japanese GAAP
FYE Mar 2021	204	−27.4%	Cons. · Japanese GAAP
FYE Mar 2022	245	+20.2%	Cons. · Japanese GAAP
FYE Mar 2023	305	+24.7%	Cons. · Japanese GAAP
FYE Mar 2024	340	+11.2%	Cons. · Japanese GAAP
FYE Mar 2025	373	+9.7%	Cons. · Japanese GAAP
FYE Mar 2026	398	+6.7%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥15bn

CAGR · 10 yrs −1.7%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	17.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.0	+41.2%	Cons. · Japanese GAAP
FYE Mar 2019	28.5	+14.2%	Cons. · Japanese GAAP
FYE Mar 2020	16.4	−42.4%	Cons. · Japanese GAAP
FYE Mar 2021	11.4	−30.5%	Cons. · Japanese GAAP
FYE Mar 2022	18.8	+64.3%	Cons. · Japanese GAAP
FYE Mar 2023	23.5	+25.4%	Cons. · Japanese GAAP
FYE Mar 2024	21.5	−8.4%	Cons. · Japanese GAAP
FYE Mar 2025	17.3	−19.7%	Cons. · Japanese GAAP
FYE Mar 2026	15.1	−12.7%	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 ¥100bn

CAGR · 10 yrs +13.9%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	30.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.5	−0.8%	Cons. · Japanese GAAP
FYE Mar 2019	36.6	+19.7%	Cons. · Japanese GAAP
FYE Mar 2020	38.5	+5.4%	Cons. · Japanese GAAP
FYE Mar 2021	46.3	+20.2%	Cons. · Japanese GAAP
FYE Mar 2022	38.8	−16.2%	Cons. · Japanese GAAP
FYE Mar 2023	63.6	+63.8%	Cons. · Japanese GAAP
FYE Mar 2024	93.3	+46.8%	Cons. · Japanese GAAP
FYE Mar 2025	99.8	+6.9%	Cons. · Japanese GAAP
FYE Mar 2026	99.6	−0.2%	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 ¥313bn

CAGR · 10 yrs +4.0%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	220	n/a	Cons. · Japanese GAAP
FYE Mar 2018	240	+9.4%	Cons. · Japanese GAAP
FYE Mar 2019	254	+5.7%	Cons. · Japanese GAAP
FYE Mar 2020	259	+1.7%	Cons. · Japanese GAAP
FYE Mar 2021	169	−34.7%	Cons. · Japanese GAAP
FYE Mar 2022	225	+33.2%	Cons. · Japanese GAAP
FYE Mar 2023	265	+18.0%	Cons. · Japanese GAAP
FYE Mar 2024	268	+1.0%	Cons. · Japanese GAAP
FYE Mar 2025	290	+8.4%	Cons. · Japanese GAAP
FYE Mar 2026	313	+7.9%	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 ¥103bn

CAGR · 8 yrs +83.4%

Fiscal year	Extraordinary income ¥ 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	1.5	n/a	Cons. · Japanese GAAP
FYE Mar 2020	16.7	+1028.3%	Cons. · Japanese GAAP
FYE Mar 2021	77.3	+362.8%	Cons. · Japanese GAAP
FYE Mar 2022	58.6	−24.2%	Cons. · Japanese GAAP
FYE Mar 2023	44.1	−24.8%	Cons. · Japanese GAAP
FYE Mar 2024	66.2	+50.1%	Cons. · Japanese GAAP
FYE Mar 2025	83.7	+26.5%	Cons. · Japanese GAAP
FYE Mar 2026	103	+23.6%	Cons. · Japanese GAAP

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

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥279bn

CAGR · 10 yrs +8.7%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	132	n/a	Cons. · Japanese GAAP
FYE Mar 2018	156	+18.3%	Cons. · Japanese GAAP
FYE Mar 2019	169	+8.2%	Cons. · Japanese GAAP
FYE Mar 2020	184	+9.1%	Cons. · Japanese GAAP
FYE Mar 2021	130	−29.6%	Cons. · Japanese GAAP
FYE Mar 2022	177	+36.6%	Cons. · Japanese GAAP
FYE Mar 2023	197	+11.3%	Cons. · Japanese GAAP
FYE Mar 2024	225	+14.0%	Cons. · Japanese GAAP
FYE Mar 2025	249	+10.8%	Cons. · Japanese GAAP
FYE Mar 2026	279	+12.0%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 24.9%

Average · 10 yrs 23.3%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	23.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	23.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	24.6	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2021	19.8	−4.8pp	Cons. · Japanese GAAP
FYE Mar 2022	21.4	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	23.2	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2024	24.9	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	24.2	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	24.9	+0.7pp	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 14.7%

Average · 10 yrs 13.5%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	13.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	14.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	14.7	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	10.2	−4.6pp	Cons. · Japanese GAAP
FYE Mar 2022	11.7	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	13.5	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2024	14.3	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	14.2	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	14.7	+0.5pp	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 11.6%

Average · 10 yrs 11.8%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	12.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.7	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	13.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	13.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	8.4	−5.2pp	Cons. · Japanese GAAP
FYE Mar 2022	10.7	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2023	11.7	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	11.2	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	11.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	11.6	+0.5pp	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 10.3%

Average · 10 yrs 8.8%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.9	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	9.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	9.7	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	6.5	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2022	8.4	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2023	8.7	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	9.4	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	9.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	10.3	+0.8pp	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 75.1%

Average · 10 yrs 76.7%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	76.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	76.5	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	76.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	75.4	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2021	80.2	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2022	78.6	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	76.8	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2024	75.1	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	75.8	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	75.1	−0.7pp	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 10.2%

Average · 10 yrs 9.8%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	9.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	9.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	9.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	9.8	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2023	9.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	10.6	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	10.0	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	10.2	+0.2pp	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 ¥10.1tn

CAGR · 10 yrs +6.9%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	5,552	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6,285	+13.2%	Cons. · Japanese GAAP
FYE Mar 2019	6,803	+8.2%	Cons. · Japanese GAAP
FYE Mar 2020	7,395	+8.7%	Cons. · Japanese GAAP
FYE Mar 2021	7,742	+4.7%	Cons. · Japanese GAAP
FYE Mar 2022	8,208	+6.0%	Cons. · Japanese GAAP
FYE Mar 2023	8,841	+7.7%	Cons. · Japanese GAAP
FYE Mar 2024	9,490	+7.3%	Cons. · Japanese GAAP
FYE Mar 2025	9,860	+3.9%	Cons. · Japanese GAAP
FYE Mar 2026	10,103	+2.5%	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 ¥3.28tn

CAGR · 10 yrs +5.7%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	1,986	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,206	+11.1%	Cons. · Japanese GAAP
FYE Mar 2019	2,344	+6.2%	Cons. · Japanese GAAP
FYE Mar 2020	2,410	+2.8%	Cons. · Japanese GAAP
FYE Mar 2021	2,557	+6.1%	Cons. · Japanese GAAP
FYE Mar 2022	2,798	+9.4%	Cons. · Japanese GAAP
FYE Mar 2023	2,902	+3.7%	Cons. · Japanese GAAP
FYE Mar 2024	3,111	+7.2%	Cons. · Japanese GAAP
FYE Mar 2025	3,147	+1.2%	Cons. · Japanese GAAP
FYE Mar 2026	3,278	+4.1%	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 ¥3.15tn

CAGR · 10 yrs +8.1%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	1,561	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,676	+7.3%	Cons. · Japanese GAAP
FYE Mar 2019	1,840	+9.8%	Cons. · Japanese GAAP
FYE Mar 2020	2,037	+10.7%	Cons. · Japanese GAAP
FYE Mar 2021	2,213	+8.6%	Cons. · Japanese GAAP
FYE Mar 2022	2,342	+5.9%	Cons. · Japanese GAAP
FYE Mar 2023	2,549	+8.8%	Cons. · Japanese GAAP
FYE Mar 2024	3,046	+19.5%	Cons. · Japanese GAAP
FYE Mar 2025	2,993	−1.7%	Cons. · Japanese GAAP
FYE Mar 2026	3,150	+5.3%	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 ¥792bn

CAGR · 10 yrs +9.3%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	356	n/a	Cons. · Japanese GAAP
FYE Mar 2018	224	−37.0%	Cons. · Japanese GAAP
FYE Mar 2019	374	+66.6%	Cons. · Japanese GAAP
FYE Mar 2020	143	−61.7%	Cons. · Japanese GAAP
FYE Mar 2021	406	+184.1%	Cons. · Japanese GAAP
FYE Mar 2022	299	−26.4%	Cons. · Japanese GAAP
FYE Mar 2023	703	+135.0%	Cons. · Japanese GAAP
FYE Mar 2024	540	−23.1%	Cons. · Japanese GAAP
FYE Mar 2025	748	+38.5%	Cons. · Japanese GAAP
FYE Mar 2026	792	+5.9%	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 ¥2.36tn

CAGR · 10 yrs +4.9%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	1,533	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,451	−5.3%	Cons. · Japanese GAAP
FYE Mar 2019	1,861	+28.2%	Cons. · Japanese GAAP
FYE Mar 2020	1,894	+1.8%	Cons. · Japanese GAAP
FYE Mar 2021	2,363	+24.8%	Cons. · Japanese GAAP
FYE Mar 2022	2,043	−13.5%	Cons. · Japanese GAAP
FYE Mar 2023	2,516	+23.1%	Cons. · Japanese GAAP
FYE Mar 2024	2,506	−0.4%	Cons. · Japanese GAAP
FYE Mar 2025	2,717	+8.4%	Cons. · Japanese GAAP
FYE Mar 2026	2,358	−13.2%	Cons. · Japanese GAAP

Definition: Borrowings repayable in more than a year
Formula: Long-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Bonds

FYE Mar 2026 n/a

CAGR · 9 yrs +11.5%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	398	n/a	Cons. · Japanese GAAP
FYE Mar 2018	343	−13.8%	Cons. · Japanese GAAP
FYE Mar 2019	672	+96.0%	Cons. · Japanese GAAP
FYE Mar 2020	613	−8.9%	Cons. · Japanese GAAP
FYE Mar 2021	854	+39.4%	Cons. · Japanese GAAP
FYE Mar 2022	653	−23.6%	Cons. · Japanese GAAP
FYE Mar 2023	830	+27.2%	Cons. · Japanese GAAP
FYE Mar 2024	824	−0.7%	Cons. · Japanese GAAP
FYE Mar 2025	951	+15.3%	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

Definition: Bonds outstanding
Formula: Bonds line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥127bn

CAGR · 10 yrs +8.2%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	62.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	74.3	+18.6%	Cons. · Japanese GAAP
FYE Mar 2019	70.2	−5.6%	Cons. · Japanese GAAP
FYE Mar 2020	75.5	+7.7%	Cons. · Japanese GAAP
FYE Mar 2021	79.6	+5.4%	Cons. · Japanese GAAP
FYE Mar 2022	72.3	−9.2%	Cons. · Japanese GAAP
FYE Mar 2023	86.7	+19.9%	Cons. · Japanese GAAP
FYE Mar 2024	105	+21.2%	Cons. · Japanese GAAP
FYE Mar 2025	123	+17.2%	Cons. · Japanese GAAP
FYE Mar 2026	127	+3.5%	Cons. · Japanese GAAP

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

Equity ratio

FYE Mar 2026 32.4%

Average · 10 yrs 33.5%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	35.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.1	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	34.5	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	32.6	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2021	33.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	34.1	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	32.8	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2024	32.8	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	31.9	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	32.4	+0.5pp	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 96.1%

Average · 10 yrs 86.5%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	78.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	76.0	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2019	78.5	+2.5pp	Cons. · Japanese GAAP
FYE Mar 2020	84.5	+6.0pp	Cons. · Japanese GAAP
FYE Mar 2021	86.5	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2022	83.7	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2023	87.8	+4.1pp	Cons. · Japanese GAAP
FYE Mar 2024	97.9	+10.1pp	Cons. · Japanese GAAP
FYE Mar 2025	95.1	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2026	96.1	+1.0pp	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 8.5%

Average · 10 yrs 7.0%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	6.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	7.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	7.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	5.1	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2022	6.3	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2023	6.8	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	7.2	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	7.9	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	8.5	+0.6pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 2.8%

Average · 10 yrs 2.4%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	2.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	2.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	2.5	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	1.7	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	2.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	2.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	2.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	2.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	2.8	+0.2pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.27×

CAGR · 10 yrs −1.5%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.31	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.28	−9.2%	Cons. · Japanese GAAP
FYE Mar 2019	0.27	−1.8%	Cons. · Japanese GAAP
FYE Mar 2020	0.26	−5.8%	Cons. · Japanese GAAP
FYE Mar 2021	0.26	+0.6%	Cons. · Japanese GAAP
FYE Mar 2022	0.26	−1.3%	Cons. · Japanese GAAP
FYE Mar 2023	0.26	+0.3%	Cons. · Japanese GAAP
FYE Mar 2024	0.25	−2.1%	Cons. · Japanese GAAP
FYE Mar 2025	0.27	+6.0%	Cons. · Japanese GAAP
FYE Mar 2026	0.27	+0.7%	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 ¥145bn

CAGR · 10 yrs −4.9%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	227	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.1	−86.7%	Cons. · Japanese GAAP
FYE Mar 2019	217	+618.9%	Cons. · Japanese GAAP
FYE Mar 2020	87.1	−59.8%	Cons. · Japanese GAAP
FYE Mar 2021	188	+115.7%	Cons. · Japanese GAAP
FYE Mar 2022	271	+44.5%	Cons. · Japanese GAAP
FYE Mar 2023	298	+9.7%	Cons. · Japanese GAAP
FYE Mar 2024	242	−18.8%	Cons. · Japanese GAAP
FYE Mar 2025	599	+147.9%	Cons. · Japanese GAAP
FYE Mar 2026	145	−75.8%	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 -¥179bn

Average · 10 yrs -¥304bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-202	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-365	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-389	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-533	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-131	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-210	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-422	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-287	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-322	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-179	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 -¥59bn

Average · 10 yrs ¥64bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	15.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	289	+1818.6%	Cons. · Japanese GAAP
FYE Mar 2019	231	−20.0%	Cons. · Japanese GAAP
FYE Mar 2020	468	+102.3%	Cons. · Japanese GAAP
FYE Mar 2021	-66.6	−114.2%	Cons. · Japanese GAAP
FYE Mar 2022	-140	n/a	Cons. · Japanese GAAP
FYE Mar 2023	111	n/a	Cons. · Japanese GAAP
FYE Mar 2024	60.0	−46.2%	Cons. · Japanese GAAP
FYE Mar 2025	-269	−549.0%	Cons. · Japanese GAAP
FYE Mar 2026	-59.1	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 ¥82bn

CAGR · 10 yrs −6.3%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	149	n/a	Cons. · Japanese GAAP
FYE Mar 2018	101	−32.2%	Cons. · Japanese GAAP
FYE Mar 2019	158	+56.6%	Cons. · Japanese GAAP
FYE Mar 2020	179	+13.8%	Cons. · Japanese GAAP
FYE Mar 2021	188	+4.6%	Cons. · Japanese GAAP
FYE Mar 2022	143	−24.0%	Cons. · Japanese GAAP
FYE Mar 2023	132	−7.3%	Cons. · Japanese GAAP
FYE Mar 2024	179	+35.5%	Cons. · Japanese GAAP
FYE Mar 2025	163	−8.9%	Cons. · Japanese GAAP
FYE Mar 2026	82.3	−49.6%	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 -¥34bn

Average · 10 yrs -¥74bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	25.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-335	−1397.2%	Cons. · Japanese GAAP
FYE Mar 2019	-172	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-446	n/a	Cons. · Japanese GAAP
FYE Mar 2021	56.8	n/a	Cons. · Japanese GAAP
FYE Mar 2022	61.4	+8.1%	Cons. · Japanese GAAP
FYE Mar 2023	-124	−302.4%	Cons. · Japanese GAAP
FYE Mar 2024	-45.3	n/a	Cons. · Japanese GAAP
FYE Mar 2025	277	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-33.7	−112.2%	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 5.4%

Average · 10 yrs 10.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	13.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.7	−11.6pp	Cons. · Japanese GAAP
FYE Mar 2019	11.6	+9.9pp	Cons. · Japanese GAAP
FYE Mar 2020	4.6	−7.1pp	Cons. · Japanese GAAP
FYE Mar 2021	9.4	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2022	12.9	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2023	13.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	10.1	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2025	22.8	+12.7pp	Cons. · Japanese GAAP
FYE Mar 2026	5.4	−17.5pp	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 -¥3.07tn

Average · 10 yrs -¥2.19tn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-1,413	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-1,575	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-1,682	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-1,857	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-2,025	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-2,200	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-2,417	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-2,867	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-2,830	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-3,068	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 ¥4.57tn

Change · 10 yrs +¥2.21tn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	2,354	n/a
FYE Mar 2018	2,565	n/a
FYE Mar 2019	2,751	n/a
FYE Mar 2020	1,826	n/a
FYE Mar 2021	2,427	n/a
FYE Mar 2022	2,513	n/a
FYE Mar 2023	2,346	n/a
FYE Mar 2024	4,620	n/a
FYE Mar 2025	3,700	n/a
FYE Mar 2026	4,567	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 1,657¥

Change · 10 yrs −717¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	2,375	n/a
FYE Mar 2018	2,587	n/a
FYE Mar 2019	2,775	n/a
FYE Mar 2020	1,865	n/a
FYE Mar 2021	2,514	n/a
FYE Mar 2022	2,619	n/a
FYE Mar 2023	2,474	n/a
FYE Mar 2024	4,932	n/a
FYE Mar 2025	1,330	n/a
FYE Mar 2026	1,657	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 2,755,914,000shares

Change · 10 yrs +1,764,490,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	991,424,000	Parent
FYE Mar 2018	991,424,000	Parent
FYE Mar 2019	991,424,000	Parent
FYE Mar 2020	979,250,000	Parent
FYE Mar 2021	965,281,000	Parent
FYE Mar 2022	959,474,000	Parent
FYE Mar 2023	948,451,000	Parent
FYE Mar 2024	936,877,000	Parent
FYE Mar 2025	2,782,189,000	Parent
FYE Mar 2026	2,755,914,000	Parent

Definition: How many shares exist
Formula: Shares issued, from the key figures of the filing
Source: Securities report (XBRL)

EPS earnings per share

FYE Mar 2026 101.04¥

Change · 10 yrs −32.36¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	133.40	Cons.
FYE Mar 2018	157.75	Cons.
FYE Mar 2019	171.30	Cons.
FYE Mar 2020	62.78	Cons.
FYE Mar 2021	44.81	Cons.
FYE Mar 2022	61.48	Cons.
FYE Mar 2023	69.30	Cons.
FYE Mar 2024	80.19	Cons.
FYE Mar 2025	89.26	Cons.
FYE Mar 2026	101.04	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 1,189.48¥

Change · 10 yrs −813.44¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	2,002.92	Cons. · Japanese GAAP
FYE Mar 2018	2,225.06	Cons. · Japanese GAAP
FYE Mar 2019	2,364.07	Cons. · Japanese GAAP
FYE Mar 2020	2,461.20	Cons. · Japanese GAAP
FYE Mar 2021	2,649.29	Cons. · Japanese GAAP
FYE Mar 2022	2,915.99	Cons. · Japanese GAAP
FYE Mar 2023	3,059.74	Cons. · Japanese GAAP
FYE Mar 2024	3,320.57	Cons. · Japanese GAAP
FYE Mar 2025	1,131.30	Cons. · Japanese GAAP
FYE Mar 2026	1,189.48	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 16.40×

Average · 10 yrs 15.69×

Fiscal year	PER ×	Basis
FYE Mar 2017	17.80	Cons.
FYE Mar 2018	16.40	Cons.
FYE Mar 2019	16.20	Cons.
FYE Mar 2020	9.90	Cons.
FYE Mar 2021	18.70	Cons.
FYE Mar 2022	14.20	Cons.
FYE Mar 2023	11.90	Cons.
FYE Mar 2024	20.50	Cons.
FYE Mar 2025	14.90	Cons.
FYE Mar 2026	16.40	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 1.37×

Average · 10 yrs 1.09×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.18	Cons.
FYE Mar 2018	1.16	Cons.
FYE Mar 2019	1.16	Cons.
FYE Mar 2020	0.75	Cons.
FYE Mar 2021	0.95	Cons.
FYE Mar 2022	0.89	Cons.
FYE Mar 2023	0.80	Cons.
FYE Mar 2024	1.48	Cons.
FYE Mar 2025	1.17	Cons.
FYE Mar 2026	1.37	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 27,704people

Change · 10 yrs +9,991 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	17,713	n/a	Cons.
FYE Mar 2018	18,625	+5.1%	Cons.
FYE Mar 2019	19,081	+2.4%	Cons.
FYE Mar 2020	20,864	+9.3%	Cons.
FYE Mar 2021	23,992	+15.0%	Cons.
FYE Mar 2022	24,408	+1.7%	Cons.
FYE Mar 2023	24,706	+1.2%	Cons.
FYE Mar 2024	25,593	+3.6%	Cons.
FYE Mar 2025	26,630	+4.1%	Cons.
FYE Mar 2026	27,704	+4.0%	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 1,981people

Change · 10 yrs +584 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	1,397	n/a	Parent
FYE Mar 2018	1,526	+9.2%	Parent
FYE Mar 2019	1,577	+3.3%	Parent
FYE Mar 2020	1,678	+6.4%	Parent
FYE Mar 2021	1,776	+5.8%	Parent
FYE Mar 2022	1,898	+6.9%	Parent
FYE Mar 2023	1,973	+4.0%	Parent
FYE Mar 2024	2,049	+3.9%	Parent
FYE Mar 2025	1,928	−5.9%	Parent
FYE Mar 2026	1,981	+2.7%	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 ¥18.6m

Change · 10 yrs +¥7.1m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	11.4	n/a	Parent
FYE Mar 2018	11.1	−2.5%	Parent
FYE Mar 2019	12.6	+13.6%	Parent
FYE Mar 2020	12.7	+0.8%	Parent
FYE Mar 2021	12.7	−0.0%	Parent
FYE Mar 2022	12.7	−0.0%	Parent
FYE Mar 2023	12.7	−0.4%	Parent
FYE Mar 2024	12.9	+1.6%	Parent
FYE Mar 2025	17.6	+36.2%	Parent
FYE Mar 2026	18.6	+5.7%	Parent

Definition: Average total annual compensation, bonuses included
Formula: Average annual pay, from the employee section of the filing
Source: Securities report (XBRL)

Average age

FYE Mar 2026 42.1years

Change · 8 yrs +1.4 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	40.7	n/a	Parent
FYE Mar 2020	40.9	+0.5%	Parent
FYE Mar 2021	40.8	−0.2%	Parent
FYE Mar 2022	40.4	−1.0%	Parent
FYE Mar 2023	40.2	−0.5%	Parent
FYE Mar 2024	40.3	+0.2%	Parent
FYE Mar 2025	42.4	+5.2%	Parent
FYE Mar 2026	42.1	−0.7%	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 16.0years

Change · 10 yrs +3.7 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	12.3	n/a	Parent
FYE Mar 2018	11.7	−4.9%	Parent
FYE Mar 2019	11.3	−3.4%	Parent
FYE Mar 2020	11.0	−2.7%	Parent
FYE Mar 2021	11.0	−0.0%	Parent
FYE Mar 2022	11.1	+0.9%	Parent
FYE Mar 2023	10.6	−4.5%	Parent
FYE Mar 2024	10.6	−0.0%	Parent
FYE Mar 2025	16.4	+54.7%	Parent
FYE Mar 2026	16.0	−2.4%	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 13,768people

Change · 10 yrs +790 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	12,978	n/a	n/a
FYE Mar 2018	12,987	+0.1%	n/a
FYE Mar 2019	13,246	+2.0%	n/a
FYE Mar 2020	13,691	+3.4%	n/a
FYE Mar 2021	14,238	+4.0%	n/a
FYE Mar 2022	13,829	−2.9%	n/a
FYE Mar 2023	13,962	+1.0%	n/a
FYE Mar 2024	14,183	+1.6%	n/a
FYE Mar 2025	14,190	−0.0%	n/a
FYE Mar 2026	13,768	−3.0%	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 ¥97.8m

Change · 10 yrs +¥1.6m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	96.2	n/a	Cons.
FYE Mar 2018	94.0	−2.3%	Cons.
FYE Mar 2019	97.5	+3.7%	Cons.
FYE Mar 2020	91.3	−6.4%	Cons.
FYE Mar 2021	83.7	−8.4%	Cons.
FYE Mar 2022	86.1	+2.9%	Cons.
FYE Mar 2023	91.8	+6.7%	Cons.
FYE Mar 2024	93.1	+1.4%	Cons.
FYE Mar 2025	98.6	+5.9%	Cons.
FYE Mar 2026	97.8	−0.8%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥14.4m

Change · 10 yrs +¥1.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	13.1	n/a	Cons.
FYE Mar 2018	13.2	+0.5%	Cons.
FYE Mar 2019	13.7	+4.1%	Cons.
FYE Mar 2020	13.4	−2.1%	Cons.
FYE Mar 2021	8.5	−36.9%	Cons.
FYE Mar 2022	10.0	+18.2%	Cons.
FYE Mar 2023	12.4	+23.2%	Cons.
FYE Mar 2024	13.3	+7.4%	Cons.
FYE Mar 2025	14.0	+5.5%	Cons.
FYE Mar 2026	14.4	+2.6%	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 →

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