Financials

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

FYE Mar 2026 · Revenue¥1.09tnYoY +3.0%

FYE Mar 2026 · Operating profit¥103bnYoY −0.3%

FYE Mar 2026 · Net profit¥87bnYoY +9.3%

FYE Mar 2026 · Equity ratio31.2%YoY +0.6pp

FYE Mar 2026 · Group employees24,262YoY +208

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥1.12tn	n/a	¥78bn	n/a	7.0%	¥67bn	Nomoto Hirofumi	—
FYE Mar 2018Consolidated	¥1.14tn	+1.9%	¥83bn	+6.3%	7.3%	¥70bn	Nomoto Hirofumi	—
FYE Mar 2019Consolidated	¥1.16tn	+1.7%	¥82bn	−1.1%	7.1%	¥58bn	Nomoto Hirofumi	Shibuya Stream completed on the old Toyoko Line surface track site
FYE Mar 2020Consolidated	¥1.16tn	+0.6%	¥69bn	−16.1%	5.9%	¥42bn	Takahashi Kazuo	Trade name changed from Tokyo Kyuko Electric Railway to Tokyu Corporation
FYE Mar 2021Consolidated	¥936bn	−19.6%	-¥32bn	−146.0%	-3.4%	-¥56bn	Takahashi Kazuo	—
FYE Mar 2022Consolidated	¥879bn	−6.1%	¥32bn	n/a	3.6%	¥9.1bn	Takahashi Kazuo	—
FYE Mar 2023Consolidated	¥931bn	+5.9%	¥45bn	+41.4%	4.8%	¥26bn	Takahashi Kazuo	—
FYE Mar 2024Consolidated	¥1.04tn	+11.4%	¥95bn	+112.8%	9.1%	¥64bn	Takahashi Kazuo	—
FYE Mar 2025Consolidated	¥1.05tn	+1.7%	¥103bn	+9.0%	9.8%	¥80bn	Horie Masahiro	—
FYE Mar 2026Consolidated	¥1.09tn	+3.0%	¥103bn	−0.3%	9.5%	¥87bn	Horie Masahiro	—

How it compares

Kintetsu Group Holdings¥1.75tnFY2025Operating margin 5.1%Hankyu Hanshin Holdings¥1.20tnFY2025Operating margin 10.6%

Tokyu¥1.09tnFY2025Operating margin 9.5%

Nagoya Railroad¥692bnFY2025Operating margin 5.2%Tobu Railway¥655bnFY2025Operating margin 11.0%Seibu Holdings¥513bnFY2025Operating margin 8.9%Keio¥497bnFY2025Operating margin 10.5%

Nishinihontetsudou¥474bnFY2025Operating margin 6.4%

Seibu Railway Co., Ltd.Delisted 2004

Tokyo Metro¥422bnFY2025Operating margin 21.2%

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 ¥1.09tn

CAGR · 10 yrs −0.3%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	1,117	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,139	+1.9%	Cons. · Japanese GAAP
FYE Mar 2019	1,157	+1.7%	Cons. · Japanese GAAP
FYE Mar 2020	1,164	+0.6%	Cons. · Japanese GAAP
FYE Mar 2021	936	−19.6%	Cons. · Japanese GAAP
FYE Mar 2022	879	−6.1%	Cons. · Japanese GAAP
FYE Mar 2023	931	+5.9%	Cons. · Japanese GAAP
FYE Mar 2024	1,038	+11.4%	Cons. · Japanese GAAP
FYE Mar 2025	1,055	+1.7%	Cons. · Japanese GAAP
FYE Mar 2026	1,086	+3.0%	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 ¥745bn

CAGR · 10 yrs −1.2%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	833	n/a	Cons. · Japanese GAAP
FYE Mar 2018	849	+1.9%	Cons. · Japanese GAAP
FYE Mar 2019	858	+1.0%	Cons. · Japanese GAAP
FYE Mar 2020	867	+1.0%	Cons. · Japanese GAAP
FYE Mar 2021	747	−13.8%	Cons. · Japanese GAAP
FYE Mar 2022	639	−14.5%	Cons. · Japanese GAAP
FYE Mar 2023	669	+4.6%	Cons. · Japanese GAAP
FYE Mar 2024	716	+7.1%	Cons. · Japanese GAAP
FYE Mar 2025	721	+0.6%	Cons. · Japanese GAAP
FYE Mar 2026	745	+3.4%	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 ¥341bn

CAGR · 10 yrs +2.1%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	284	n/a	Cons. · Japanese GAAP
FYE Mar 2018	289	+1.8%	Cons. · Japanese GAAP
FYE Mar 2019	299	+3.5%	Cons. · Japanese GAAP
FYE Mar 2020	298	−0.5%	Cons. · Japanese GAAP
FYE Mar 2021	188	−36.7%	Cons. · Japanese GAAP
FYE Mar 2022	240	+27.2%	Cons. · Japanese GAAP
FYE Mar 2023	262	+9.4%	Cons. · Japanese GAAP
FYE Mar 2024	322	+22.6%	Cons. · Japanese GAAP
FYE Mar 2025	334	+4.0%	Cons. · Japanese GAAP
FYE Mar 2026	341	+2.1%	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 ¥238bn

CAGR · 10 yrs +1.6%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	206	n/a	Cons. · Japanese GAAP
FYE Mar 2018	206	+0.1%	Cons. · Japanese GAAP
FYE Mar 2019	217	+5.3%	Cons. · Japanese GAAP
FYE Mar 2020	229	+5.3%	Cons. · Japanese GAAP
FYE Mar 2021	220	−3.8%	Cons. · Japanese GAAP
FYE Mar 2022	208	−5.4%	Cons. · Japanese GAAP
FYE Mar 2023	218	+4.6%	Cons. · Japanese GAAP
FYE Mar 2024	227	+4.1%	Cons. · Japanese GAAP
FYE Mar 2025	231	+1.8%	Cons. · Japanese GAAP
FYE Mar 2026	238	+3.2%	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 ¥103bn

CAGR · 10 yrs +3.2%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	78.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	82.9	+6.3%	Cons. · Japanese GAAP
FYE Mar 2019	82.0	−1.1%	Cons. · Japanese GAAP
FYE Mar 2020	68.8	−16.1%	Cons. · Japanese GAAP
FYE Mar 2021	-31.7	−146.0%	Cons. · Japanese GAAP
FYE Mar 2022	31.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	44.6	+41.4%	Cons. · Japanese GAAP
FYE Mar 2024	94.9	+112.8%	Cons. · Japanese GAAP
FYE Mar 2025	103	+9.0%	Cons. · Japanese GAAP
FYE Mar 2026	103	−0.3%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥32bn

CAGR · 10 yrs +9.5%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	14.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.0	+6.5%	Cons. · Japanese GAAP
FYE Mar 2019	14.3	−4.2%	Cons. · Japanese GAAP
FYE Mar 2020	16.4	+14.3%	Cons. · Japanese GAAP
FYE Mar 2021	18.2	+11.3%	Cons. · Japanese GAAP
FYE Mar 2022	17.3	−5.2%	Cons. · Japanese GAAP
FYE Mar 2023	17.2	−0.8%	Cons. · Japanese GAAP
FYE Mar 2024	18.9	+10.0%	Cons. · Japanese GAAP
FYE Mar 2025	18.7	−1.0%	Cons. · Japanese GAAP
FYE Mar 2026	31.8	+70.2%	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 ¥19bn

CAGR · 10 yrs +2.1%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	15.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.1	−9.2%	Cons. · Japanese GAAP
FYE Mar 2019	14.4	+1.8%	Cons. · Japanese GAAP
FYE Mar 2020	14.2	−1.2%	Cons. · Japanese GAAP
FYE Mar 2021	13.4	−5.8%	Cons. · Japanese GAAP
FYE Mar 2022	13.8	+3.2%	Cons. · Japanese GAAP
FYE Mar 2023	14.4	+4.0%	Cons. · Japanese GAAP
FYE Mar 2024	14.5	+0.6%	Cons. · Japanese GAAP
FYE Mar 2025	14.4	−0.3%	Cons. · Japanese GAAP
FYE Mar 2026	18.9	+30.6%	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 ¥116bn

CAGR · 10 yrs +4.8%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	76.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	83.7	+9.5%	Cons. · Japanese GAAP
FYE Mar 2019	81.9	−2.2%	Cons. · Japanese GAAP
FYE Mar 2020	70.9	−13.4%	Cons. · Japanese GAAP
FYE Mar 2021	-26.8	−137.8%	Cons. · Japanese GAAP
FYE Mar 2022	35.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	47.4	+35.3%	Cons. · Japanese GAAP
FYE Mar 2024	99.3	+109.6%	Cons. · Japanese GAAP
FYE Mar 2025	108	+8.5%	Cons. · Japanese GAAP
FYE Mar 2026	116	+7.8%	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 ¥6.0bn

CAGR · 10 yrs −7.5%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	12.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.8	+96.0%	Cons. · Japanese GAAP
FYE Mar 2019	10.2	−57.3%	Cons. · Japanese GAAP
FYE Mar 2020	12.0	+17.7%	Cons. · Japanese GAAP
FYE Mar 2021	19.5	+62.8%	Cons. · Japanese GAAP
FYE Mar 2022	23.5	+20.7%	Cons. · Japanese GAAP
FYE Mar 2023	10.7	−54.4%	Cons. · Japanese GAAP
FYE Mar 2024	13.6	+26.5%	Cons. · Japanese GAAP
FYE Mar 2025	10.2	−25.1%	Cons. · Japanese GAAP
FYE Mar 2026	6.0	−40.7%	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 ¥87bn

CAGR · 10 yrs +2.9%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	67.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	70.1	+4.2%	Cons. · Japanese GAAP
FYE Mar 2019	57.8	−17.5%	Cons. · Japanese GAAP
FYE Mar 2020	42.4	−26.7%	Cons. · Japanese GAAP
FYE Mar 2021	-55.9	−231.9%	Cons. · Japanese GAAP
FYE Mar 2022	9.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	26.0	+186.7%	Cons. · Japanese GAAP
FYE Mar 2024	63.9	+146.0%	Cons. · Japanese GAAP
FYE Mar 2025	79.7	+24.6%	Cons. · Japanese GAAP
FYE Mar 2026	87.1	+9.3%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 31.4%

Average · 10 yrs 27.2%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	25.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	25.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	25.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	20.1	−5.4pp	Cons. · Japanese GAAP
FYE Mar 2022	27.3	+7.1pp	Cons. · Japanese GAAP
FYE Mar 2023	28.2	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	31.0	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2025	31.7	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	31.4	−0.3pp	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 9.5%

Average · 10 yrs 6.1%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	7.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	5.9	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	-3.4	−9.3pp	Cons. · Japanese GAAP
FYE Mar 2022	3.6	+7.0pp	Cons. · Japanese GAAP
FYE Mar 2023	4.8	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	9.1	+4.4pp	Cons. · Japanese GAAP
FYE Mar 2025	9.8	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	9.5	−0.3pp	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 10.7%

Average · 10 yrs 6.4%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	6.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	7.1	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	6.1	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	-2.9	−9.0pp	Cons. · Japanese GAAP
FYE Mar 2022	4.0	+6.8pp	Cons. · Japanese GAAP
FYE Mar 2023	5.1	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	9.6	+4.5pp	Cons. · Japanese GAAP
FYE Mar 2025	10.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	10.7	+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 8.0%

Average · 10 yrs 4.0%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	6.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	5.0	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	3.6	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	-6.0	−9.6pp	Cons. · Japanese GAAP
FYE Mar 2022	1.0	+7.0pp	Cons. · Japanese GAAP
FYE Mar 2023	2.8	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2024	6.2	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2025	7.6	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2026	8.0	+0.5pp	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 68.6%

Average · 10 yrs 72.8%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	74.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	74.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	74.1	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	74.4	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	79.9	+5.4pp	Cons. · Japanese GAAP
FYE Mar 2022	72.7	−7.1pp	Cons. · Japanese GAAP
FYE Mar 2023	71.8	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	69.0	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2025	68.3	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	68.6	+0.3pp	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 21.9%

Average · 10 yrs 21.1%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	18.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.1	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	18.8	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	19.7	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	23.5	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2022	23.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	23.4	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	21.8	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2025	21.9	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	21.9	−0.0pp	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 ¥2.92tn

CAGR · 10 yrs +3.5%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	2,149	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,267	+5.5%	Cons. · Japanese GAAP
FYE Mar 2019	2,413	+6.4%	Cons. · Japanese GAAP
FYE Mar 2020	2,537	+5.2%	Cons. · Japanese GAAP
FYE Mar 2021	2,476	−2.4%	Cons. · Japanese GAAP
FYE Mar 2022	2,479	+0.1%	Cons. · Japanese GAAP
FYE Mar 2023	2,614	+5.4%	Cons. · Japanese GAAP
FYE Mar 2024	2,652	+1.5%	Cons. · Japanese GAAP
FYE Mar 2025	2,699	+1.8%	Cons. · Japanese GAAP
FYE Mar 2026	2,923	+8.3%	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 ¥913bn

CAGR · 10 yrs +4.2%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	628	n/a	Cons. · Japanese GAAP
FYE Mar 2018	704	+12.0%	Cons. · Japanese GAAP
FYE Mar 2019	745	+5.9%	Cons. · Japanese GAAP
FYE Mar 2020	757	+1.6%	Cons. · Japanese GAAP
FYE Mar 2021	703	−7.1%	Cons. · Japanese GAAP
FYE Mar 2022	704	+0.1%	Cons. · Japanese GAAP
FYE Mar 2023	742	+5.3%	Cons. · Japanese GAAP
FYE Mar 2024	791	+6.6%	Cons. · Japanese GAAP
FYE Mar 2025	828	+4.7%	Cons. · Japanese GAAP
FYE Mar 2026	913	+10.3%	Cons. · Japanese GAAP

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

Interest-bearing debt

FYE Mar 2026 ¥859bn

CAGR · 10 yrs +1.8%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	728	n/a	Cons. · Japanese GAAP
FYE Mar 2018	742	+1.8%	Cons. · Japanese GAAP
FYE Mar 2019	823	+11.0%	Cons. · Japanese GAAP
FYE Mar 2020	856	+4.0%	Cons. · Japanese GAAP
FYE Mar 2021	902	+5.4%	Cons. · Japanese GAAP
FYE Mar 2022	886	−1.8%	Cons. · Japanese GAAP
FYE Mar 2023	913	+3.0%	Cons. · Japanese GAAP
FYE Mar 2024	856	−6.2%	Cons. · Japanese GAAP
FYE Mar 2025	812	−5.1%	Cons. · Japanese GAAP
FYE Mar 2026	859	+5.8%	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 ¥325bn

CAGR · 10 yrs +0.6%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	308	n/a	Cons. · Japanese GAAP
FYE Mar 2018	305	−1.0%	Cons. · Japanese GAAP
FYE Mar 2019	335	+9.6%	Cons. · Japanese GAAP
FYE Mar 2020	382	+14.0%	Cons. · Japanese GAAP
FYE Mar 2021	406	+6.3%	Cons. · Japanese GAAP
FYE Mar 2022	385	−5.2%	Cons. · Japanese GAAP
FYE Mar 2023	423	+9.9%	Cons. · Japanese GAAP
FYE Mar 2024	398	−5.9%	Cons. · Japanese GAAP
FYE Mar 2025	411	+3.2%	Cons. · Japanese GAAP
FYE Mar 2026	325	−21.0%	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 ¥534bn

CAGR · 10 yrs +2.7%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	420	n/a	Cons. · Japanese GAAP
FYE Mar 2018	436	+3.9%	Cons. · Japanese GAAP
FYE Mar 2019	488	+12.0%	Cons. · Japanese GAAP
FYE Mar 2020	524	+7.3%	Cons. · Japanese GAAP
FYE Mar 2021	496	−5.3%	Cons. · Japanese GAAP
FYE Mar 2022	501	+0.9%	Cons. · Japanese GAAP
FYE Mar 2023	489	−2.3%	Cons. · Japanese GAAP
FYE Mar 2024	477	−2.5%	Cons. · Japanese GAAP
FYE Mar 2025	481	+0.7%	Cons. · Japanese GAAP
FYE Mar 2026	534	+11.0%	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 +6.8%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	236	n/a	Cons. · Japanese GAAP
FYE Mar 2018	228	−3.4%	Cons. · Japanese GAAP
FYE Mar 2019	243	+6.6%	Cons. · Japanese GAAP
FYE Mar 2020	245	+0.8%	Cons. · Japanese GAAP
FYE Mar 2021	270	+10.2%	Cons. · Japanese GAAP
FYE Mar 2022	310	+14.8%	Cons. · Japanese GAAP
FYE Mar 2023	345	+11.3%	Cons. · Japanese GAAP
FYE Mar 2024	380	+10.1%	Cons. · Japanese GAAP
FYE Mar 2025	400	+5.3%	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 ¥46bn

CAGR · 10 yrs +3.5%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	33.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.6	+6.7%	Cons. · Japanese GAAP
FYE Mar 2019	37.8	+6.2%	Cons. · Japanese GAAP
FYE Mar 2020	40.5	+6.9%	Cons. · Japanese GAAP
FYE Mar 2021	36.9	−8.7%	Cons. · Japanese GAAP
FYE Mar 2022	35.6	−3.6%	Cons. · Japanese GAAP
FYE Mar 2023	38.7	+8.6%	Cons. · Japanese GAAP
FYE Mar 2024	40.1	+3.7%	Cons. · Japanese GAAP
FYE Mar 2025	39.3	−2.1%	Cons. · Japanese GAAP
FYE Mar 2026	45.6	+16.0%	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 31.2%

Average · 10 yrs 29.8%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	29.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	31.0	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2019	30.9	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	29.8	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	28.4	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2022	28.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2023	28.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	29.8	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2025	30.7	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	31.2	+0.6pp	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 94.1%

Average · 10 yrs 112.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	115.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	105.4	−10.5pp	Cons. · Japanese GAAP
FYE Mar 2019	110.5	+5.1pp	Cons. · Japanese GAAP
FYE Mar 2020	113.1	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2021	128.3	+15.2pp	Cons. · Japanese GAAP
FYE Mar 2022	125.8	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2023	123.0	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2024	108.2	−14.8pp	Cons. · Japanese GAAP
FYE Mar 2025	98.0	−10.2pp	Cons. · Japanese GAAP
FYE Mar 2026	94.1	−4.0pp	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 9.5%

Average · 10 yrs 5.8%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	10.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.0	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	7.8	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2020	5.6	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2021	-8.0	−13.6pp	Cons. · Japanese GAAP
FYE Mar 2022	1.3	+9.2pp	Cons. · Japanese GAAP
FYE Mar 2023	3.5	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2024	8.1	+4.6pp	Cons. · Japanese GAAP
FYE Mar 2025	9.6	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2026	9.5	−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 3.0%

Average · 10 yrs 1.8%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	3.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	2.4	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	1.7	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	-2.3	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2022	0.4	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2023	1.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	2.4	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2025	3.0	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	3.0	−0.0pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.37×

CAGR · 10 yrs −3.7%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.52	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.50	−3.4%	Cons. · Japanese GAAP
FYE Mar 2019	0.48	−4.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.46	−4.3%	Cons. · Japanese GAAP
FYE Mar 2021	0.38	−17.6%	Cons. · Japanese GAAP
FYE Mar 2022	0.35	−6.2%	Cons. · Japanese GAAP
FYE Mar 2023	0.36	+0.5%	Cons. · Japanese GAAP
FYE Mar 2024	0.39	+9.8%	Cons. · Japanese GAAP
FYE Mar 2025	0.39	−0.1%	Cons. · Japanese GAAP
FYE Mar 2026	0.37	−4.9%	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 ¥128bn

CAGR · 10 yrs +0.1%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	126	n/a	Cons. · Japanese GAAP
FYE Mar 2018	153	+20.7%	Cons. · Japanese GAAP
FYE Mar 2019	138	−9.3%	Cons. · Japanese GAAP
FYE Mar 2020	155	+12.2%	Cons. · Japanese GAAP
FYE Mar 2021	85.9	−44.7%	Cons. · Japanese GAAP
FYE Mar 2022	85.6	−0.4%	Cons. · Japanese GAAP
FYE Mar 2023	95.4	+11.5%	Cons. · Japanese GAAP
FYE Mar 2024	145	+52.3%	Cons. · Japanese GAAP
FYE Mar 2025	155	+6.7%	Cons. · Japanese GAAP
FYE Mar 2026	128	−17.6%	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 -¥175bn

Average · 10 yrs -¥143bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-132	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-145	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-225	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-191	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-115	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-78.8	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-154	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-101	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-114	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-175	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 ¥68bn

CAGR · 10 yrs +41.1%

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	3.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-7.9	−356.4%	Cons. · Japanese GAAP
FYE Mar 2019	82.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	59.6	−27.4%	Cons. · Japanese GAAP
FYE Mar 2021	17.2	−71.2%	Cons. · Japanese GAAP
FYE Mar 2022	-1.4	−108.0%	Cons. · Japanese GAAP
FYE Mar 2023	74.6	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-72.0	−196.4%	Cons. · Japanese GAAP
FYE Mar 2025	-25.2	n/a	Cons. · Japanese GAAP
FYE Mar 2026	68.4	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 ¥80bn

CAGR · 10 yrs +8.0%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	39.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	38.3	−3.8%	Cons. · Japanese GAAP
FYE Mar 2019	33.3	−13.1%	Cons. · Japanese GAAP
FYE Mar 2020	57.5	+72.7%	Cons. · Japanese GAAP
FYE Mar 2021	45.3	−21.3%	Cons. · Japanese GAAP
FYE Mar 2022	51.6	+14.0%	Cons. · Japanese GAAP
FYE Mar 2023	68.5	+32.7%	Cons. · Japanese GAAP
FYE Mar 2024	41.6	−39.3%	Cons. · Japanese GAAP
FYE Mar 2025	58.3	+40.3%	Cons. · Japanese GAAP
FYE Mar 2026	79.6	+36.5%	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 -¥47bn

Average · 10 yrs -¥16bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	-6.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-86.7	−1307.0%	Cons. · Japanese GAAP
FYE Mar 2020	-35.3	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-29.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	6.8	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-59.0	−972.3%	Cons. · Japanese GAAP
FYE Mar 2024	44.3	n/a	Cons. · Japanese GAAP
FYE Mar 2025	41.1	−7.3%	Cons. · Japanese GAAP
FYE Mar 2026	-47.2	−215.0%	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 11.8%

Average · 10 yrs 12.0%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	11.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.4	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2019	12.0	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	13.3	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	9.2	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2022	9.7	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	10.2	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2024	14.0	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2025	14.7	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	11.8	−2.9pp	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 -¥779bn

Average · 10 yrs -¥786bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-688	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-703	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-790	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-798	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-857	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-834	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-844	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-814	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-753	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-779	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 ¥1.16tn

Change · 10 yrs +¥178bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	983	n/a
FYE Mar 2018	1,039	n/a
FYE Mar 2019	1,207	n/a
FYE Mar 2020	1,061	n/a
FYE Mar 2021	914	n/a
FYE Mar 2022	1,028	n/a
FYE Mar 2023	1,100	n/a
FYE Mar 2024	1,154	n/a
FYE Mar 2025	1,053	n/a
FYE Mar 2026	1,161	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 1,857¥

Change · 10 yrs +1,071¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	787	n/a
FYE Mar 2018	1,662	n/a
FYE Mar 2019	1,931	n/a
FYE Mar 2020	1,698	n/a
FYE Mar 2021	1,462	n/a
FYE Mar 2022	1,645	n/a
FYE Mar 2023	1,761	n/a
FYE Mar 2024	1,846	n/a
FYE Mar 2025	1,685	n/a
FYE Mar 2026	1,857	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 624,869,000shares

Change · 10 yrs −624,870,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	1,249,739,000	Parent
FYE Mar 2018	624,869,000	Parent
FYE Mar 2019	624,869,000	Parent
FYE Mar 2020	624,869,000	Parent
FYE Mar 2021	624,869,000	Parent
FYE Mar 2022	624,869,000	Parent
FYE Mar 2023	624,869,000	Parent
FYE Mar 2024	624,869,000	Parent
FYE Mar 2025	624,869,000	Parent
FYE Mar 2026	624,869,000	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 152.25¥

Change · 10 yrs +42.23¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	110.02	Cons.
FYE Mar 2018	115.42	Cons.
FYE Mar 2019	95.14	Cons.
FYE Mar 2020	69.88	Cons.
FYE Mar 2021	-92.56	Cons.
FYE Mar 2022	15.06	Cons.
FYE Mar 2023	42.94	Cons.
FYE Mar 2024	106.12	Cons.
FYE Mar 2025	134.81	Cons.
FYE Mar 2026	152.25	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 1,460.90¥

Change · 10 yrs +958.14¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	502.75	Cons. · Japanese GAAP
FYE Mar 2018	1,126.05	Cons. · Japanese GAAP
FYE Mar 2019	1,192.62	Cons. · Japanese GAAP
FYE Mar 2020	1,211.46	Cons. · Japanese GAAP
FYE Mar 2021	1,125.26	Cons. · Japanese GAAP
FYE Mar 2022	1,126.70	Cons. · Japanese GAAP
FYE Mar 2023	1,186.96	Cons. · Japanese GAAP
FYE Mar 2024	1,265.07	Cons. · Japanese GAAP
FYE Mar 2025	1,325.04	Cons. · Japanese GAAP
FYE Mar 2026	1,460.90	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 12.20×

Average · 10 yrs 24.98×

Fiscal year	PER ×	Basis
FYE Mar 2017	14.30	Cons.
FYE Mar 2018	14.40	Cons.
FYE Mar 2019	20.30	Cons.
FYE Mar 2020	24.30	Cons.
FYE Mar 2021	-15.80	Cons.
FYE Mar 2022	109.20	Cons.
FYE Mar 2023	41.00	Cons.
FYE Mar 2024	17.40	Cons.
FYE Mar 2025	12.50	Cons.
FYE Mar 2026	12.20	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 1.16×

Average · 10 yrs 1.38×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.52	Cons.
FYE Mar 2018	1.44	Cons.
FYE Mar 2019	1.58	Cons.
FYE Mar 2020	1.35	Cons.
FYE Mar 2021	1.26	Cons.
FYE Mar 2022	1.41	Cons.
FYE Mar 2023	1.46	Cons.
FYE Mar 2024	1.40	Cons.
FYE Mar 2025	1.17	Cons.
FYE Mar 2026	1.16	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 24,262people

Change · 10 yrs +1,482 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	22,780	n/a	Cons.
FYE Mar 2018	22,985	+0.9%	Cons.
FYE Mar 2019	23,637	+2.8%	Cons.
FYE Mar 2020	24,464	+3.5%	Cons.
FYE Mar 2021	24,655	+0.8%	Cons.
FYE Mar 2022	24,364	−1.2%	Cons.
FYE Mar 2023	23,763	−2.5%	Cons.
FYE Mar 2024	23,583	−0.8%	Cons.
FYE Mar 2025	24,054	+2.0%	Cons.
FYE Mar 2026	24,262	+0.9%	Cons.

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

Parent-company employees

FYE Mar 2026 1,551people

Change · 10 yrs −2,851 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	4,402	n/a	Parent
FYE Mar 2018	4,535	+3.0%	Parent
FYE Mar 2019	4,666	+2.9%	Parent
FYE Mar 2020	1,417	−69.6%	Parent
FYE Mar 2021	1,461	+3.1%	Parent
FYE Mar 2022	1,414	−3.2%	Parent
FYE Mar 2023	1,482	+4.8%	Parent
FYE Mar 2024	1,525	+2.9%	Parent
FYE Mar 2025	1,537	+0.8%	Parent
FYE Mar 2026	1,551	+0.9%	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 ¥9.0m

Change · 10 yrs +¥1.5m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	7.5	n/a	Parent
FYE Mar 2018	7.5	−0.7%	Parent
FYE Mar 2019	7.4	−1.2%	Parent
FYE Mar 2020	7.7	+4.6%	Parent
FYE Mar 2021	7.6	−1.1%	Parent
FYE Mar 2022	7.5	−2.3%	Parent
FYE Mar 2023	8.0	+6.9%	Parent
FYE Mar 2024	7.8	−2.5%	Parent
FYE Mar 2025	8.8	+13.7%	Parent
FYE Mar 2026	9.0	+2.3%	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 +2.0 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	40.0	n/a	Parent
FYE Mar 2020	42.0	+5.0%	Parent
FYE Mar 2021	42.0	−0.0%	Parent
FYE Mar 2022	43.0	+2.4%	Parent
FYE Mar 2023	43.0	−0.0%	Parent
FYE Mar 2024	43.0	−0.0%	Parent
FYE Mar 2025	43.0	−0.0%	Parent
FYE Mar 2026	42.0	−2.3%	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 12.0years

Change · 10 yrs −6.5 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	18.5	n/a	Parent
FYE Mar 2018	18.4	−0.5%	Parent
FYE Mar 2019	18.0	−2.2%	Parent
FYE Mar 2020	15.0	−16.7%	Parent
FYE Mar 2021	15.0	−0.0%	Parent
FYE Mar 2022	15.0	−0.0%	Parent
FYE Mar 2023	15.0	−0.0%	Parent
FYE Mar 2024	14.0	−6.7%	Parent
FYE Mar 2025	13.0	−7.1%	Parent
FYE Mar 2026	12.0	−7.7%	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 26,968people

Change · 10 yrs +4,616 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	22,352	n/a	n/a
FYE Mar 2018	21,962	−1.7%	n/a
FYE Mar 2019	21,556	−1.8%	n/a
FYE Mar 2020	20,956	−2.8%	n/a
FYE Mar 2021	19,034	−9.2%	n/a
FYE Mar 2022	18,471	−3.0%	n/a
FYE Mar 2023	18,869	+2.2%	n/a
FYE Mar 2024	18,669	−1.1%	n/a
FYE Mar 2025	20,279	+8.6%	n/a
FYE Mar 2026	26,968	+33.0%	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 ¥44.8m

Change · 10 yrs −¥4.3m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	49.0	n/a	Cons.
FYE Mar 2018	49.5	+1.0%	Cons.
FYE Mar 2019	49.0	−1.2%	Cons.
FYE Mar 2020	47.6	−2.8%	Cons.
FYE Mar 2021	38.0	−20.2%	Cons.
FYE Mar 2022	36.1	−4.9%	Cons.
FYE Mar 2023	39.2	+8.6%	Cons.
FYE Mar 2024	44.0	+12.3%	Cons.
FYE Mar 2025	43.9	−0.3%	Cons.
FYE Mar 2026	44.8	+2.1%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥4.3m

Change · 10 yrs +¥0.8m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	3.4	n/a	Cons.
FYE Mar 2018	3.6	+5.4%	Cons.
FYE Mar 2019	3.5	−3.9%	Cons.
FYE Mar 2020	2.8	−19.0%	Cons.
FYE Mar 2021	-1.3	−145.7%	Cons.
FYE Mar 2022	1.3	n/a	Cons.
FYE Mar 2023	1.9	+45.0%	Cons.
FYE Mar 2024	4.0	+114.4%	Cons.
FYE Mar 2025	4.3	+6.9%	Cons.
FYE Mar 2026	4.3	−1.1%	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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