Financials

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

FYE Mar 2026 · Revenue¥1.75tnYoY +10.5%

FYE Mar 2026 · Operating profit¥330bnYoY +6.6%

FYE Mar 2026 · Net profit¥223bnYoY +17.5%

FYE Mar 2026 · Equity ratio31.4%YoY −0.7pp

FYE Mar 2026 · Group employees11,659YoY +247

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥1.13tn	n/a	¥192bn	n/a	17.1%	¥103bn	Sugiyama Hirotaka	—
FYE Mar 2018Consolidated	¥1.19tn	+6.1%	¥213bn	+10.7%	17.8%	¥120bn	Sugiyama Hirotaka	<a class="en-history_person" href="/tse/8802/executives/ceo/yoshida-junichi/" hreflang="ja">Yoshida Junichi</a> becomes representative executive officer and president
FYE Mar 2019Consolidated	¥1.26tn	+5.8%	¥229bn	+7.6%	18.1%	¥135bn	Yoshida Junichi	—
FYE Mar 2020Consolidated	¥1.30tn	+3.1%	¥241bn	+5.1%	18.5%	¥148bn	Yoshida Junichi	—
FYE Mar 2021Consolidated	¥1.21tn	−7.3%	¥224bn	−6.8%	18.6%	¥136bn	Yoshida Junichi	The Long-Term Management Plan 2030 is drawn up
FYE Mar 2022Consolidated	¥1.35tn	+11.8%	¥279bn	+24.3%	20.7%	¥155bn	Yoshida Junichi	TOKYO TORCH Tokiwabashi Tower completed
FYE Mar 2023Consolidated	¥1.38tn	+2.1%	¥297bn	+6.4%	21.5%	¥165bn	Yoshida Junichi	The company shifts to a nominating-committee board structure
FYE Mar 2024Consolidated	¥1.50tn	+9.2%	¥279bn	−6.1%	18.5%	¥168bn	Yoshida Junichi	<a class="en-history_person" href="/tse/8802/executives/ceo/yoshida-junichi/" hreflang="ja">Yoshida Junichi</a> steps up to chairman; <a class="en-history_person" href="/tse/8802/executives/ceo/nakajima-atsushi/" hreflang="ja">Nakajima Atsushi</a> becomes president
FYE Mar 2025Consolidated	¥1.58tn	+5.0%	¥309bn	+11.0%	19.6%	¥189bn	Nakajima Atsushi	—
FYE Mar 2026Consolidated	¥1.75tn	+10.5%	¥330bn	+6.6%	18.9%	¥223bn	Nakajima Atsushi	—

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 ¥1.75tn

CAGR · 10 yrs +5.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	1,125	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,194	+6.1%	Cons. · Japanese GAAP
FYE Mar 2019	1,263	+5.8%	Cons. · Japanese GAAP
FYE Mar 2020	1,302	+3.1%	Cons. · Japanese GAAP
FYE Mar 2021	1,208	−7.3%	Cons. · Japanese GAAP
FYE Mar 2022	1,349	+11.8%	Cons. · Japanese GAAP
FYE Mar 2023	1,378	+2.1%	Cons. · Japanese GAAP
FYE Mar 2024	1,505	+9.2%	Cons. · Japanese GAAP
FYE Mar 2025	1,580	+5.0%	Cons. · Japanese GAAP
FYE Mar 2026	1,746	+10.5%	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 ¥1.29tn

CAGR · 10 yrs +4.8%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	848	n/a	Cons. · Japanese GAAP
FYE Mar 2018	890	+5.0%	Cons. · Japanese GAAP
FYE Mar 2019	941	+5.7%	Cons. · Japanese GAAP
FYE Mar 2020	967	+2.8%	Cons. · Japanese GAAP
FYE Mar 2021	890	−8.0%	Cons. · Japanese GAAP
FYE Mar 2022	975	+9.5%	Cons. · Japanese GAAP
FYE Mar 2023	981	+0.6%	Cons. · Japanese GAAP
FYE Mar 2024	1,112	+13.4%	Cons. · Japanese GAAP
FYE Mar 2025	1,162	+4.4%	Cons. · Japanese GAAP
FYE Mar 2026	1,291	+11.1%	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 ¥455bn

CAGR · 10 yrs +5.6%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	278	n/a	Cons. · Japanese GAAP
FYE Mar 2018	304	+9.4%	Cons. · Japanese GAAP
FYE Mar 2019	322	+6.1%	Cons. · Japanese GAAP
FYE Mar 2020	335	+4.0%	Cons. · Japanese GAAP
FYE Mar 2021	318	−5.2%	Cons. · Japanese GAAP
FYE Mar 2022	375	+17.9%	Cons. · Japanese GAAP
FYE Mar 2023	397	+5.9%	Cons. · Japanese GAAP
FYE Mar 2024	392	−1.2%	Cons. · Japanese GAAP
FYE Mar 2025	418	+6.5%	Cons. · Japanese GAAP
FYE Mar 2026	455	+8.8%	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 ¥125bn

CAGR · 10 yrs +4.4%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	85.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	90.8	+6.6%	Cons. · Japanese GAAP
FYE Mar 2019	93.1	+2.6%	Cons. · Japanese GAAP
FYE Mar 2020	94.4	+1.4%	Cons. · Japanese GAAP
FYE Mar 2021	93.4	−1.1%	Cons. · Japanese GAAP
FYE Mar 2022	95.8	+2.6%	Cons. · Japanese GAAP
FYE Mar 2023	100	+4.7%	Cons. · Japanese GAAP
FYE Mar 2024	114	+13.3%	Cons. · Japanese GAAP
FYE Mar 2025	109	−4.3%	Cons. · Japanese GAAP
FYE Mar 2026	125	+15.0%	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 ¥330bn

CAGR · 10 yrs +6.2%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	192	n/a	Cons. · Japanese GAAP
FYE Mar 2018	213	+10.7%	Cons. · Japanese GAAP
FYE Mar 2019	229	+7.6%	Cons. · Japanese GAAP
FYE Mar 2020	241	+5.1%	Cons. · Japanese GAAP
FYE Mar 2021	224	−6.8%	Cons. · Japanese GAAP
FYE Mar 2022	279	+24.3%	Cons. · Japanese GAAP
FYE Mar 2023	297	+6.4%	Cons. · Japanese GAAP
FYE Mar 2024	279	−6.1%	Cons. · Japanese GAAP
FYE Mar 2025	309	+11.0%	Cons. · Japanese GAAP
FYE Mar 2026	330	+6.6%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥18bn

CAGR · 10 yrs +7.4%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	9.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.4	+11.4%	Cons. · Japanese GAAP
FYE Mar 2019	12.4	+18.6%	Cons. · Japanese GAAP
FYE Mar 2020	12.4	−0.1%	Cons. · Japanese GAAP
FYE Mar 2021	26.3	+112.4%	Cons. · Japanese GAAP
FYE Mar 2022	16.3	−37.9%	Cons. · Japanese GAAP
FYE Mar 2023	14.4	−12.0%	Cons. · Japanese GAAP
FYE Mar 2024	15.8	+10.1%	Cons. · Japanese GAAP
FYE Mar 2025	16.2	+2.8%	Cons. · Japanese GAAP
FYE Mar 2026	17.8	+9.6%	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 ¥74bn

CAGR · 10 yrs +9.8%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	32.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.0	+3.0%	Cons. · Japanese GAAP
FYE Mar 2019	35.0	+6.0%	Cons. · Japanese GAAP
FYE Mar 2020	33.6	−4.0%	Cons. · Japanese GAAP
FYE Mar 2021	39.7	+18.3%	Cons. · Japanese GAAP
FYE Mar 2022	41.6	+4.7%	Cons. · Japanese GAAP
FYE Mar 2023	39.2	−5.6%	Cons. · Japanese GAAP
FYE Mar 2024	53.3	+35.8%	Cons. · Japanese GAAP
FYE Mar 2025	62.5	+17.3%	Cons. · Japanese GAAP
FYE Mar 2026	74.5	+19.1%	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 ¥273bn

CAGR · 10 yrs +5.4%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	170	n/a	Cons. · Japanese GAAP
FYE Mar 2018	191	+12.2%	Cons. · Japanese GAAP
FYE Mar 2019	207	+8.4%	Cons. · Japanese GAAP
FYE Mar 2020	220	+6.3%	Cons. · Japanese GAAP
FYE Mar 2021	211	−3.9%	Cons. · Japanese GAAP
FYE Mar 2022	254	+20.3%	Cons. · Japanese GAAP
FYE Mar 2023	272	+7.1%	Cons. · Japanese GAAP
FYE Mar 2024	241	−11.3%	Cons. · Japanese GAAP
FYE Mar 2025	263	+9.0%	Cons. · Japanese GAAP
FYE Mar 2026	273	+3.9%	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 ¥110bn

CAGR · 10 yrs +23.4%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	16.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.7	−10.7%	Cons. · Japanese GAAP
FYE Mar 2019	8.2	−44.5%	Cons. · Japanese GAAP
FYE Mar 2020	26.3	+221.3%	Cons. · Japanese GAAP
FYE Mar 2021	16.6	−36.8%	Cons. · Japanese GAAP
FYE Mar 2022	20.2	+21.6%	Cons. · Japanese GAAP
FYE Mar 2023	12.2	−39.5%	Cons. · Japanese GAAP
FYE Mar 2024	45.5	+272.3%	Cons. · Japanese GAAP
FYE Mar 2025	80.3	+76.5%	Cons. · Japanese GAAP
FYE Mar 2026	110	+36.4%	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 ¥33bn

CAGR · 3 yrs +195.5%

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	3.8	n/a	Cons. · Japanese GAAP
FYE Mar 2020	n/a	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	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	12.1	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	33.3	n/a	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 ¥223bn

CAGR · 10 yrs +9.0%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	103	n/a	Cons. · Japanese GAAP
FYE Mar 2018	120	+17.3%	Cons. · Japanese GAAP
FYE Mar 2019	135	+11.8%	Cons. · Japanese GAAP
FYE Mar 2020	148	+10.3%	Cons. · Japanese GAAP
FYE Mar 2021	136	−8.6%	Cons. · Japanese GAAP
FYE Mar 2022	155	+14.4%	Cons. · Japanese GAAP
FYE Mar 2023	165	+6.6%	Cons. · Japanese GAAP
FYE Mar 2024	168	+1.9%	Cons. · Japanese GAAP
FYE Mar 2025	189	+12.4%	Cons. · Japanese GAAP
FYE Mar 2026	223	+17.5%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 26.0%

Average · 10 yrs 26.3%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	24.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.4	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	25.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	25.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	26.3	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	27.8	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	28.8	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	26.1	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2025	26.5	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	26.0	−0.4pp	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 18.9%

Average · 10 yrs 18.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	17.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.8	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	18.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	18.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	18.6	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	20.7	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2023	21.5	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	18.5	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2025	19.6	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	18.9	−0.7pp	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 15.6%

Average · 10 yrs 16.9%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	15.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.0	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	16.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	16.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	17.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	18.8	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2023	19.7	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	16.0	−3.7pp	Cons. · Japanese GAAP
FYE Mar 2025	16.6	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	15.6	−1.0pp	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 12.7%

Average · 10 yrs 11.2%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	9.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.1	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2019	10.7	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	11.4	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	11.2	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	11.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	12.0	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	11.2	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	12.0	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	12.7	+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 74.0%

Average · 10 yrs 73.7%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	75.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	74.6	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	74.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	74.3	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	73.7	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	72.2	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	71.2	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	73.9	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2025	73.5	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	74.0	+0.4pp	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 7.2%

Average · 10 yrs 7.3%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	7.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	7.4	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	7.2	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	7.7	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	7.1	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	7.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	7.6	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	6.9	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	7.2	+0.3pp	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 ¥8.57tn

CAGR · 10 yrs +5.1%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	5,484	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5,801	+5.8%	Cons. · Japanese GAAP
FYE Mar 2019	5,774	−0.5%	Cons. · Japanese GAAP
FYE Mar 2020	5,858	+1.5%	Cons. · Japanese GAAP
FYE Mar 2021	6,073	+3.7%	Cons. · Japanese GAAP
FYE Mar 2022	6,494	+6.9%	Cons. · Japanese GAAP
FYE Mar 2023	6,872	+5.8%	Cons. · Japanese GAAP
FYE Mar 2024	7,584	+10.4%	Cons. · Japanese GAAP
FYE Mar 2025	7,997	+5.4%	Cons. · Japanese GAAP
FYE Mar 2026	8,566	+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 ¥2.69tn

CAGR · 10 yrs +6.0%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	1,593	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,699	+6.6%	Cons. · Japanese GAAP
FYE Mar 2019	1,771	+4.3%	Cons. · Japanese GAAP
FYE Mar 2020	1,735	−2.0%	Cons. · Japanese GAAP
FYE Mar 2021	1,852	+6.8%	Cons. · Japanese GAAP
FYE Mar 2022	2,003	+8.2%	Cons. · Japanese GAAP
FYE Mar 2023	2,158	+7.7%	Cons. · Japanese GAAP
FYE Mar 2024	2,401	+11.3%	Cons. · Japanese GAAP
FYE Mar 2025	2,564	+6.8%	Cons. · Japanese GAAP
FYE Mar 2026	2,689	+4.9%	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 ¥2.41tn

CAGR · 10 yrs +6.4%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	1,379	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,475	+7.0%	Cons. · Japanese GAAP
FYE Mar 2019	1,275	−13.6%	Cons. · Japanese GAAP
FYE Mar 2020	1,394	+9.3%	Cons. · Japanese GAAP
FYE Mar 2021	1,536	+10.2%	Cons. · Japanese GAAP
FYE Mar 2022	1,781	+16.0%	Cons. · Japanese GAAP
FYE Mar 2023	1,813	+1.8%	Cons. · Japanese GAAP
FYE Mar 2024	2,163	+19.3%	Cons. · Japanese GAAP
FYE Mar 2025	2,338	+8.1%	Cons. · Japanese GAAP
FYE Mar 2026	2,408	+3.0%	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 ¥188bn

CAGR · 10 yrs +9.2%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	85.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	66.2	−22.2%	Cons. · Japanese GAAP
FYE Mar 2019	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2020	100	n/a	Cons. · Japanese GAAP
FYE Mar 2021	100	−0.0%	Cons. · Japanese GAAP
FYE Mar 2022	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2023	231	n/a	Cons. · Japanese GAAP
FYE Mar 2024	231	−0.0%	Cons. · Japanese GAAP
FYE Mar 2025	202	−12.8%	Cons. · Japanese GAAP
FYE Mar 2026	188	−6.7%	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 ¥2.22tn

CAGR · 10 yrs +18.5%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	483	n/a	Cons. · Japanese GAAP
FYE Mar 2018	481	−0.5%	Cons. · Japanese GAAP
FYE Mar 2019	440	−8.4%	Cons. · Japanese GAAP
FYE Mar 2020	509	+15.7%	Cons. · Japanese GAAP
FYE Mar 2021	517	+1.5%	Cons. · Japanese GAAP
FYE Mar 2022	452	−12.6%	Cons. · Japanese GAAP
FYE Mar 2023	475	+5.2%	Cons. · Japanese GAAP
FYE Mar 2024	531	+11.9%	Cons. · Japanese GAAP
FYE Mar 2025	476	−10.5%	Cons. · Japanese GAAP
FYE Mar 2026	2,220	+366.6%	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 −0.9%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	863	n/a	Cons. · Japanese GAAP
FYE Mar 2018	854	−1.0%	Cons. · Japanese GAAP
FYE Mar 2019	809	−5.3%	Cons. · Japanese GAAP
FYE Mar 2020	827	+2.3%	Cons. · Japanese GAAP
FYE Mar 2021	811	−2.0%	Cons. · Japanese GAAP
FYE Mar 2022	876	+8.1%	Cons. · Japanese GAAP
FYE Mar 2023	847	−3.3%	Cons. · Japanese GAAP
FYE Mar 2024	881	+3.9%	Cons. · Japanese GAAP
FYE Mar 2025	799	−9.2%	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 ¥109bn

CAGR · 10 yrs +1.0%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	99.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	94.2	−5.3%	Cons. · Japanese GAAP
FYE Mar 2019	95.1	+0.9%	Cons. · Japanese GAAP
FYE Mar 2020	96.8	+1.7%	Cons. · Japanese GAAP
FYE Mar 2021	101	+4.5%	Cons. · Japanese GAAP
FYE Mar 2022	108	+6.9%	Cons. · Japanese GAAP
FYE Mar 2023	111	+2.9%	Cons. · Japanese GAAP
FYE Mar 2024	105	−5.8%	Cons. · Japanese GAAP
FYE Mar 2025	106	+1.5%	Cons. · Japanese GAAP
FYE Mar 2026	109	+2.3%	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 31.4%

Average · 10 yrs 30.6%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	29.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	30.7	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	29.6	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2021	30.5	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	30.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	31.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	31.7	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	32.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	31.4	−0.7pp	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 89.5%

Average · 10 yrs 85.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	86.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	86.9	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	72.0	−14.9pp	Cons. · Japanese GAAP
FYE Mar 2020	80.4	+8.4pp	Cons. · Japanese GAAP
FYE Mar 2021	82.9	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2022	88.9	+6.0pp	Cons. · Japanese GAAP
FYE Mar 2023	84.0	−4.9pp	Cons. · Japanese GAAP
FYE Mar 2024	90.1	+6.1pp	Cons. · Japanese GAAP
FYE Mar 2025	91.2	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	89.5	−1.7pp	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 8.3%

Average · 10 yrs 7.5%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	6.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.1	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	7.6	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	8.6	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	7.3	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2022	7.7	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	7.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	7.0	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	7.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	8.3	+0.9pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 2.6%

Average · 10 yrs 2.3%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	1.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	2.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	2.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	2.2	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	2.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	2.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	2.2	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	2.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	2.6	+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 0.20×

CAGR · 10 yrs −0.1%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.21	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.21	+0.3%	Cons. · Japanese GAAP
FYE Mar 2019	0.22	+6.3%	Cons. · Japanese GAAP
FYE Mar 2020	0.22	+1.6%	Cons. · Japanese GAAP
FYE Mar 2021	0.20	−10.5%	Cons. · Japanese GAAP
FYE Mar 2022	0.21	+4.5%	Cons. · Japanese GAAP
FYE Mar 2023	0.20	−3.5%	Cons. · Japanese GAAP
FYE Mar 2024	0.20	−1.0%	Cons. · Japanese GAAP
FYE Mar 2025	0.20	−0.4%	Cons. · Japanese GAAP
FYE Mar 2026	0.20	+3.2%	Cons. · Japanese GAAP

Definition: How much revenue each yen of assets produces
Formula: Revenue ÷ total assets
Source: Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Mar 2026 ¥509bn

CAGR · 10 yrs +13.1%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	169	n/a	Cons. · Japanese GAAP
FYE Mar 2018	293	+74.1%	Cons. · Japanese GAAP
FYE Mar 2019	346	+17.9%	Cons. · Japanese GAAP
FYE Mar 2020	342	−1.2%	Cons. · Japanese GAAP
FYE Mar 2021	207	−39.3%	Cons. · Japanese GAAP
FYE Mar 2022	280	+35.0%	Cons. · Japanese GAAP
FYE Mar 2023	270	−3.6%	Cons. · Japanese GAAP
FYE Mar 2024	307	+13.8%	Cons. · Japanese GAAP
FYE Mar 2025	324	+5.5%	Cons. · Japanese GAAP
FYE Mar 2026	509	+57.0%	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 -¥441bn

Average · 10 yrs -¥325bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-327	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-287	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-271	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-277	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-297	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-314	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-312	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-362	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-362	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-441	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 -¥40bn

Average · 10 yrs ¥5.6bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-4.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	37.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-192	−617.4%	Cons. · Japanese GAAP
FYE Mar 2020	-28.9	n/a	Cons. · Japanese GAAP
FYE Mar 2021	50.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	91.0	+80.4%	Cons. · Japanese GAAP
FYE Mar 2023	30.5	−66.5%	Cons. · Japanese GAAP
FYE Mar 2024	100	+229.8%	Cons. · Japanese GAAP
FYE Mar 2025	12.9	−87.2%	Cons. · Japanese GAAP
FYE Mar 2026	-39.8	−409.0%	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 ¥280bn

CAGR · 10 yrs +1.6%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	243	n/a	Cons. · Japanese GAAP
FYE Mar 2018	287	+17.9%	Cons. · Japanese GAAP
FYE Mar 2019	179	−37.5%	Cons. · Japanese GAAP
FYE Mar 2020	213	+18.8%	Cons. · Japanese GAAP
FYE Mar 2021	172	−19.1%	Cons. · Japanese GAAP
FYE Mar 2022	234	+35.9%	Cons. · Japanese GAAP
FYE Mar 2023	226	−3.6%	Cons. · Japanese GAAP
FYE Mar 2024	276	+22.2%	Cons. · Japanese GAAP
FYE Mar 2025	257	−6.9%	Cons. · Japanese GAAP
FYE Mar 2026	280	+9.1%	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 ¥67bn

Average · 10 yrs -¥20bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	-159	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	74.9	+1052.4%	Cons. · Japanese GAAP
FYE Mar 2020	64.3	−14.1%	Cons. · Japanese GAAP
FYE Mar 2021	-89.9	−239.7%	Cons. · Japanese GAAP
FYE Mar 2022	-33.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-42.1	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-54.8	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-37.4	n/a	Cons. · Japanese GAAP
FYE Mar 2026	67.5	n/a	Cons. · Japanese GAAP

Definition: What is left once the business has paid for its own investment
Formula: Operating cash flow + investing cash flow
Source: Securities report (XBRL)

Operating cash flow margin

FYE Mar 2026 29.1%

Average · 10 yrs 22.1%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	15.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	24.6	+9.6pp	Cons. · Japanese GAAP
FYE Mar 2019	27.4	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2020	26.2	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2021	17.2	−9.1pp	Cons. · Japanese GAAP
FYE Mar 2022	20.8	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2023	19.6	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	20.4	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	20.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	29.1	+8.6pp	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 -¥2.13tn

Average · 10 yrs -¥1.52tn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-1,136	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-1,188	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-1,096	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-1,181	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-1,363	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-1,546	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-1,587	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-1,887	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-2,081	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-2,128	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 ¥5.26tn

Change · 10 yrs +¥2.44tn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	2,823	n/a
FYE Mar 2018	2,501	n/a
FYE Mar 2019	2,790	n/a
FYE Mar 2020	2,219	n/a
FYE Mar 2021	2,689	n/a
FYE Mar 2022	2,531	n/a
FYE Mar 2023	2,088	n/a
FYE Mar 2024	3,687	n/a
FYE Mar 2025	3,042	n/a
FYE Mar 2026	5,260	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 4,321¥

Change · 10 yrs +2,292¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	2,030	n/a
FYE Mar 2018	1,798	n/a
FYE Mar 2019	2,005	n/a
FYE Mar 2020	1,595	n/a
FYE Mar 2021	1,933	n/a
FYE Mar 2022	1,819	n/a
FYE Mar 2023	1,577	n/a
FYE Mar 2024	2,784	n/a
FYE Mar 2025	2,432	n/a
FYE Mar 2026	4,321	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 1,217,233,000shares

Change · 10 yrs −173,452,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	1,390,685,000	Parent
FYE Mar 2018	1,390,908,000	Parent
FYE Mar 2019	1,391,038,000	Parent
FYE Mar 2020	1,391,174,000	Parent
FYE Mar 2021	1,391,328,000	Parent
FYE Mar 2022	1,391,478,000	Parent
FYE Mar 2023	1,324,288,000	Parent
FYE Mar 2024	1,324,288,000	Parent
FYE Mar 2025	1,250,838,000	Parent
FYE Mar 2026	1,217,233,000	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 181.80¥

Change · 10 yrs +107.80¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	74.00	Cons.
FYE Mar 2018	86.78	Cons.
FYE Mar 2019	96.97	Cons.
FYE Mar 2020	108.64	Cons.
FYE Mar 2021	101.34	Cons.
FYE Mar 2022	116.45	Cons.
FYE Mar 2023	125.54	Cons.
FYE Mar 2024	131.96	Cons.
FYE Mar 2025	151.04	Cons.
FYE Mar 2026	181.80	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 2,209.51¥

Change · 10 yrs +1,063.81¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,145.70	Cons. · Japanese GAAP
FYE Mar 2018	1,221.27	Cons. · Japanese GAAP
FYE Mar 2019	1,273.11	Cons. · Japanese GAAP
FYE Mar 2020	1,246.97	Cons. · Japanese GAAP
FYE Mar 2021	1,331.20	Cons. · Japanese GAAP
FYE Mar 2022	1,439.78	Cons. · Japanese GAAP
FYE Mar 2023	1,629.37	Cons. · Japanese GAAP
FYE Mar 2024	1,813.18	Cons. · Japanese GAAP
FYE Mar 2025	2,049.54	Cons. · Japanese GAAP
FYE Mar 2026	2,209.51	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 23.77×

Average · 10 yrs 19.17×

Fiscal year	PER ×	Basis
FYE Mar 2017	27.43	Cons.
FYE Mar 2018	20.72	Cons.
FYE Mar 2019	20.68	Cons.
FYE Mar 2020	14.68	Cons.
FYE Mar 2021	19.07	Cons.
FYE Mar 2022	15.62	Cons.
FYE Mar 2023	12.56	Cons.
FYE Mar 2024	21.10	Cons.
FYE Mar 2025	16.10	Cons.
FYE Mar 2026	23.77	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 1.94×

Average · 10 yrs 1.42×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.77	Cons.
FYE Mar 2018	1.47	Cons.
FYE Mar 2019	1.57	Cons.
FYE Mar 2020	1.23	Cons.
FYE Mar 2021	1.40	Cons.
FYE Mar 2022	1.20	Cons.
FYE Mar 2023	0.95	Cons.
FYE Mar 2024	1.47	Cons.
FYE Mar 2025	1.18	Cons.
FYE Mar 2026	1.94	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 11,659people

Change · 10 yrs +3,017 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	8,642	n/a	Cons.
FYE Mar 2018	8,856	+2.5%	Cons.
FYE Mar 2019	9,439	+6.6%	Cons.
FYE Mar 2020	9,619	+1.9%	Cons.
FYE Mar 2021	9,982	+3.8%	Cons.
FYE Mar 2022	10,202	+2.2%	Cons.
FYE Mar 2023	10,655	+4.4%	Cons.
FYE Mar 2024	11,045	+3.7%	Cons.
FYE Mar 2025	11,412	+3.3%	Cons.
FYE Mar 2026	11,659	+2.2%	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 1,286people

Change · 10 yrs +531 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	755	n/a	Parent
FYE Mar 2018	806	+6.8%	Parent
FYE Mar 2019	899	+11.5%	Parent
FYE Mar 2020	903	+0.4%	Parent
FYE Mar 2021	953	+5.5%	Parent
FYE Mar 2022	1,053	+10.5%	Parent
FYE Mar 2023	1,091	+3.6%	Parent
FYE Mar 2024	1,184	+8.5%	Parent
FYE Mar 2025	1,242	+4.9%	Parent
FYE Mar 2026	1,286	+3.5%	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 ¥17.6m

Change · 10 yrs +¥5.7m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	11.9	n/a	Parent
FYE Mar 2018	12.3	+3.2%	Parent
FYE Mar 2019	12.5	+1.5%	Parent
FYE Mar 2020	12.7	+2.1%	Parent
FYE Mar 2021	12.7	−0.5%	Parent
FYE Mar 2022	12.6	−0.2%	Parent
FYE Mar 2023	12.5	−1.5%	Parent
FYE Mar 2024	12.7	+2.2%	Parent
FYE Mar 2025	13.5	+5.9%	Parent
FYE Mar 2026	17.6	+30.5%	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 42.0years

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	41.0	n/a	Parent
FYE Mar 2020	41.0	−0.0%	Parent
FYE Mar 2021	40.0	−2.4%	Parent
FYE Mar 2022	42.0	+5.0%	Parent
FYE Mar 2023	40.0	−4.8%	Parent
FYE Mar 2024	40.0	−0.0%	Parent
FYE Mar 2025	40.0	−0.0%	Parent
FYE Mar 2026	42.0	+5.0%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Mar 2026 16.0years

Change · 10 yrs −1.0 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	17.0	n/a	Parent
FYE Mar 2018	17.1	+0.6%	Parent
FYE Mar 2019	16.0	−6.4%	Parent
FYE Mar 2020	16.0	−0.0%	Parent
FYE Mar 2021	15.0	−6.2%	Parent
FYE Mar 2022	17.0	+13.3%	Parent
FYE Mar 2023	14.0	−17.6%	Parent
FYE Mar 2024	13.0	−7.1%	Parent
FYE Mar 2025	13.0	−0.0%	Parent
FYE Mar 2026	16.0	+23.1%	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 7,817people

Change · 10 yrs +1,476 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	6,341	n/a	n/a
FYE Mar 2018	6,133	−3.3%	n/a
FYE Mar 2019	6,680	+8.9%	n/a
FYE Mar 2020	7,332	+9.8%	n/a
FYE Mar 2021	7,280	−0.7%	n/a
FYE Mar 2022	7,066	−2.9%	n/a
FYE Mar 2023	6,975	−1.3%	n/a
FYE Mar 2024	7,339	+5.2%	n/a
FYE Mar 2025	7,752	+5.6%	n/a
FYE Mar 2026	7,817	+0.8%	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 ¥150m

Change · 10 yrs +¥19.5m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	130	n/a	Cons.
FYE Mar 2018	135	+3.5%	Cons.
FYE Mar 2019	134	−0.7%	Cons.
FYE Mar 2020	135	+1.2%	Cons.
FYE Mar 2021	121	−10.6%	Cons.
FYE Mar 2022	132	+9.3%	Cons.
FYE Mar 2023	129	−2.2%	Cons.
FYE Mar 2024	136	+5.4%	Cons.
FYE Mar 2025	138	+1.6%	Cons.
FYE Mar 2026	150	+8.2%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥28.3m

Change · 10 yrs +¥6.0m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	22.3	n/a	Cons.
FYE Mar 2018	24.1	+8.0%	Cons.
FYE Mar 2019	24.3	+0.9%	Cons.
FYE Mar 2020	25.0	+3.1%	Cons.
FYE Mar 2021	22.5	−10.2%	Cons.
FYE Mar 2022	27.3	+21.6%	Cons.
FYE Mar 2023	27.8	+1.8%	Cons.
FYE Mar 2024	25.2	−9.4%	Cons.
FYE Mar 2025	27.1	+7.4%	Cons.
FYE Mar 2026	28.3	+4.4%	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

Mitsubishi Estate’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/8802/company.json ·/api/8802/history.json ·/api/8802/ceo.json ·/api/8802/financials.json ·/api/8802/financials/segment.json ·/api/8802/financials/pl.json ·/api/8802/financials/cf.json ·/api/8802/financials/bs.json ·/api/8802/financials/employee.json ·/api/8802/financials/stock.json ·/api/8802/financials.csv ·/api/8802/financials_history.csv

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