Financials

Odakyu Electric Railway: FYE Mar 2026 and ten years of results (51 metrics)

FYE Mar 2026 · Revenue¥419bnYoY −0.9%

FYE Mar 2026 · Operating profit¥53bnYoY +2.4%

FYE Mar 2026 · Net profit¥37bnYoY −28.1%

FYE Mar 2026 · Equity ratio36.4%YoY −0.4pp

FYE Mar 2026 · Group employees11,656YoY +139

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥523bn	n/a	¥50bn	n/a	9.5%	¥26bn	Yamaki Toshimitsu	—
FYE Mar 2018Consolidated	¥525bn	+0.3%	¥51bn	+3.0%	9.8%	¥29bn	Yamaki Toshimitsu	<a class="en-history_person" href="/tse/9007/executives/ceo/hoshino-koji/" hreflang="ja">Hoshino Koji</a> becomes president
FYE Mar 2019Consolidated	¥527bn	+0.4%	¥52bn	+1.2%	9.9%	¥32bn	Hoshino Koji	Quadruple-tracking completed in full; four-track running begins
FYE Mar 2020Consolidated	¥534bn	+1.4%	¥41bn	−21.1%	7.7%	¥20bn	Hoshino Koji	Enoshima Electric Railway made a wholly owned subsidiary by share exchange
FYE Mar 2021Consolidated	¥386bn	−27.7%	-¥24bn	−158.9%	-6.3%	-¥40bn	Hoshino Koji	—
FYE Mar 2022Consolidated	¥359bn	−7.1%	¥6.2bn	n/a	1.7%	¥12bn	Hoshino Koji	—
FYE Mar 2023Consolidated	¥395bn	+10.1%	¥27bn	+332.4%	6.7%	¥41bn	Hoshino Koji	—
FYE Mar 2024Consolidated	¥410bn	+3.7%	¥51bn	+90.8%	12.4%	¥82bn	Hoshino Koji	—
FYE Mar 2025Consolidated	¥423bn	+3.1%	¥51bn	+1.3%	12.2%	¥52bn	Hoshino Koji	—
FYE Mar 2026Consolidated	¥419bn	−0.9%	¥53bn	+2.4%	12.6%	¥37bn	Suzuki Shigeru	—

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%

Odakyu Electric Railway¥419bnFY2025Operating margin 12.6%

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 ¥419bn

CAGR · 10 yrs −2.4%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	523	n/a	Cons. · Japanese GAAP
FYE Mar 2018	525	+0.3%	Cons. · Japanese GAAP
FYE Mar 2019	527	+0.4%	Cons. · Japanese GAAP
FYE Mar 2020	534	+1.4%	Cons. · Japanese GAAP
FYE Mar 2021	386	−27.7%	Cons. · Japanese GAAP
FYE Mar 2022	359	−7.1%	Cons. · Japanese GAAP
FYE Mar 2023	395	+10.1%	Cons. · Japanese GAAP
FYE Mar 2024	410	+3.7%	Cons. · Japanese GAAP
FYE Mar 2025	423	+3.1%	Cons. · Japanese GAAP
FYE Mar 2026	419	−0.9%	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 ¥296bn

CAGR · 10 yrs −2.9%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	386	n/a	Cons. · Japanese GAAP
FYE Mar 2018	386	+0.1%	Cons. · Japanese GAAP
FYE Mar 2019	385	−0.3%	Cons. · Japanese GAAP
FYE Mar 2020	397	+3.1%	Cons. · Japanese GAAP
FYE Mar 2021	329	−17.1%	Cons. · Japanese GAAP
FYE Mar 2022	274	−16.7%	Cons. · Japanese GAAP
FYE Mar 2023	287	+4.8%	Cons. · Japanese GAAP
FYE Mar 2024	281	−1.9%	Cons. · Japanese GAAP
FYE Mar 2025	297	+5.4%	Cons. · Japanese GAAP
FYE Mar 2026	296	−0.0%	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 ¥122bn

CAGR · 10 yrs −1.3%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	137	n/a	Cons. · Japanese GAAP
FYE Mar 2018	138	+1.0%	Cons. · Japanese GAAP
FYE Mar 2019	142	+2.4%	Cons. · Japanese GAAP
FYE Mar 2020	137	−3.1%	Cons. · Japanese GAAP
FYE Mar 2021	57.0	−58.5%	Cons. · Japanese GAAP
FYE Mar 2022	84.9	+48.8%	Cons. · Japanese GAAP
FYE Mar 2023	108	+27.5%	Cons. · Japanese GAAP
FYE Mar 2024	128	+18.7%	Cons. · Japanese GAAP
FYE Mar 2025	126	−1.7%	Cons. · Japanese GAAP
FYE Mar 2026	122	−3.1%	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 ¥70bn

CAGR · 10 yrs −2.5%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	87.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	86.9	−0.2%	Cons. · Japanese GAAP
FYE Mar 2019	89.6	+3.1%	Cons. · Japanese GAAP
FYE Mar 2020	96.3	+7.4%	Cons. · Japanese GAAP
FYE Mar 2021	81.2	−15.6%	Cons. · Japanese GAAP
FYE Mar 2022	78.7	−3.1%	Cons. · Japanese GAAP
FYE Mar 2023	81.6	+3.7%	Cons. · Japanese GAAP
FYE Mar 2024	77.6	−4.9%	Cons. · Japanese GAAP
FYE Mar 2025	74.7	−3.7%	Cons. · Japanese GAAP
FYE Mar 2026	69.7	−6.8%	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 ¥53bn

CAGR · 10 yrs +0.6%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	49.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	51.5	+3.0%	Cons. · Japanese GAAP
FYE Mar 2019	52.1	+1.2%	Cons. · Japanese GAAP
FYE Mar 2020	41.1	−21.1%	Cons. · Japanese GAAP
FYE Mar 2021	-24.2	−158.9%	Cons. · Japanese GAAP
FYE Mar 2022	6.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	26.6	+332.4%	Cons. · Japanese GAAP
FYE Mar 2024	50.8	+90.8%	Cons. · Japanese GAAP
FYE Mar 2025	51.4	+1.3%	Cons. · Japanese GAAP
FYE Mar 2026	52.7	+2.4%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥9.3bn

CAGR · 10 yrs +5.0%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	6.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.1	−15.7%	Cons. · Japanese GAAP
FYE Mar 2019	5.1	−0.1%	Cons. · Japanese GAAP
FYE Mar 2020	4.5	−10.6%	Cons. · Japanese GAAP
FYE Mar 2021	4.1	−9.1%	Cons. · Japanese GAAP
FYE Mar 2022	5.0	+22.1%	Cons. · Japanese GAAP
FYE Mar 2023	5.3	+6.3%	Cons. · Japanese GAAP
FYE Mar 2024	7.3	+37.3%	Cons. · Japanese GAAP
FYE Mar 2025	5.9	−19.2%	Cons. · Japanese GAAP
FYE Mar 2026	9.3	+56.9%	Cons. · Japanese GAAP

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

Non-operating expenses

FYE Mar 2026 ¥7.9bn

CAGR · 10 yrs −1.8%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	9.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.6	−7.3%	Cons. · Japanese GAAP
FYE Mar 2019	7.5	−13.6%	Cons. · Japanese GAAP
FYE Mar 2020	7.3	−1.8%	Cons. · Japanese GAAP
FYE Mar 2021	11.1	+52.1%	Cons. · Japanese GAAP
FYE Mar 2022	6.5	−41.9%	Cons. · Japanese GAAP
FYE Mar 2023	6.8	+5.3%	Cons. · Japanese GAAP
FYE Mar 2024	7.4	+8.9%	Cons. · Japanese GAAP
FYE Mar 2025	6.9	−7.4%	Cons. · Japanese GAAP
FYE Mar 2026	7.9	+15.2%	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 ¥54bn

CAGR · 10 yrs +1.6%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	46.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	47.9	+2.7%	Cons. · Japanese GAAP
FYE Mar 2019	49.7	+3.8%	Cons. · Japanese GAAP
FYE Mar 2020	38.3	−22.9%	Cons. · Japanese GAAP
FYE Mar 2021	-31.2	−181.5%	Cons. · Japanese GAAP
FYE Mar 2022	4.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	25.1	+434.6%	Cons. · Japanese GAAP
FYE Mar 2024	50.7	+101.7%	Cons. · Japanese GAAP
FYE Mar 2025	50.5	−0.4%	Cons. · Japanese GAAP
FYE Mar 2026	54.0	+7.0%	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 ¥14bn

CAGR · 10 yrs +26.9%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.1	+1094.4%	Cons. · Japanese GAAP
FYE Mar 2019	4.0	−80.0%	Cons. · Japanese GAAP
FYE Mar 2020	6.3	+57.2%	Cons. · Japanese GAAP
FYE Mar 2021	14.2	+124.1%	Cons. · Japanese GAAP
FYE Mar 2022	25.4	+79.4%	Cons. · Japanese GAAP
FYE Mar 2023	44.1	+73.8%	Cons. · Japanese GAAP
FYE Mar 2024	66.2	+50.1%	Cons. · Japanese GAAP
FYE Mar 2025	30.3	−54.3%	Cons. · Japanese GAAP
FYE Mar 2026	14.4	−52.5%	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 ¥37bn

CAGR · 10 yrs +4.1%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	26.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.3	+12.5%	Cons. · Japanese GAAP
FYE Mar 2019	32.5	+10.7%	Cons. · Japanese GAAP
FYE Mar 2020	19.9	−38.6%	Cons. · Japanese GAAP
FYE Mar 2021	-39.8	−299.8%	Cons. · Japanese GAAP
FYE Mar 2022	12.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	40.7	+236.2%	Cons. · Japanese GAAP
FYE Mar 2024	81.5	+100.1%	Cons. · Japanese GAAP
FYE Mar 2025	52.0	−36.3%	Cons. · Japanese GAAP
FYE Mar 2026	37.4	−28.1%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 29.2%

Average · 10 yrs 26.1%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	26.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	26.4	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	26.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	25.7	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	14.8	−10.9pp	Cons. · Japanese GAAP
FYE Mar 2022	23.7	+8.9pp	Cons. · Japanese GAAP
FYE Mar 2023	27.4	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2024	31.3	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2025	29.8	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2026	29.2	−0.6pp	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 12.6%

Average · 10 yrs 7.6%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	9.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	9.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	7.7	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2021	-6.3	−14.0pp	Cons. · Japanese GAAP
FYE Mar 2022	1.7	+8.0pp	Cons. · Japanese GAAP
FYE Mar 2023	6.7	+5.0pp	Cons. · Japanese GAAP
FYE Mar 2024	12.4	+5.7pp	Cons. · Japanese GAAP
FYE Mar 2025	12.2	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	12.6	+0.4pp	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 12.9%

Average · 10 yrs 7.1%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	8.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	9.4	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	7.2	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2021	-8.1	−15.3pp	Cons. · Japanese GAAP
FYE Mar 2022	1.3	+9.4pp	Cons. · Japanese GAAP
FYE Mar 2023	6.4	+5.0pp	Cons. · Japanese GAAP
FYE Mar 2024	12.4	+6.0pp	Cons. · Japanese GAAP
FYE Mar 2025	11.9	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	12.9	+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 8.9%

Average · 10 yrs 6.5%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	5.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.6	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	6.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	3.7	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2021	-10.3	−14.0pp	Cons. · Japanese GAAP
FYE Mar 2022	3.4	+13.7pp	Cons. · Japanese GAAP
FYE Mar 2023	10.3	+6.9pp	Cons. · Japanese GAAP
FYE Mar 2024	19.9	+9.6pp	Cons. · Japanese GAAP
FYE Mar 2025	12.3	−7.6pp	Cons. · Japanese GAAP
FYE Mar 2026	8.9	−3.4pp	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 70.8%

Average · 10 yrs 73.9%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	73.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	73.6	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	73.1	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	74.3	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	85.2	+10.9pp	Cons. · Japanese GAAP
FYE Mar 2022	76.3	−8.9pp	Cons. · Japanese GAAP
FYE Mar 2023	72.6	−3.7pp	Cons. · Japanese GAAP
FYE Mar 2024	68.7	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2025	70.2	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2026	70.8	+0.6pp	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 16.6%

Average · 10 yrs 18.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	16.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	17.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	18.0	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	21.0	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2022	21.9	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	20.7	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2024	18.9	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	17.7	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2026	16.6	−1.0pp	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 ¥1.39tn

CAGR · 10 yrs +1.0%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	1,270	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,294	+1.9%	Cons. · Japanese GAAP
FYE Mar 2019	1,312	+1.4%	Cons. · Japanese GAAP
FYE Mar 2020	1,328	+1.2%	Cons. · Japanese GAAP
FYE Mar 2021	1,327	−0.1%	Cons. · Japanese GAAP
FYE Mar 2022	1,285	−3.1%	Cons. · Japanese GAAP
FYE Mar 2023	1,280	−0.4%	Cons. · Japanese GAAP
FYE Mar 2024	1,302	+1.7%	Cons. · Japanese GAAP
FYE Mar 2025	1,300	−0.1%	Cons. · Japanese GAAP
FYE Mar 2026	1,394	+7.2%	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 ¥508bn

CAGR · 10 yrs +4.8%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	334	n/a	Cons. · Japanese GAAP
FYE Mar 2018	360	+7.7%	Cons. · Japanese GAAP
FYE Mar 2019	382	+6.2%	Cons. · Japanese GAAP
FYE Mar 2020	387	+1.2%	Cons. · Japanese GAAP
FYE Mar 2021	350	−9.6%	Cons. · Japanese GAAP
FYE Mar 2022	347	−0.9%	Cons. · Japanese GAAP
FYE Mar 2023	387	+11.7%	Cons. · Japanese GAAP
FYE Mar 2024	459	+18.6%	Cons. · Japanese GAAP
FYE Mar 2025	478	+4.1%	Cons. · Japanese GAAP
FYE Mar 2026	508	+6.1%	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 ¥475bn

CAGR · 10 yrs +0.9%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	437	n/a	Cons. · Japanese GAAP
FYE Mar 2018	431	−1.2%	Cons. · Japanese GAAP
FYE Mar 2019	430	−0.2%	Cons. · Japanese GAAP
FYE Mar 2020	427	−0.7%	Cons. · Japanese GAAP
FYE Mar 2021	436	+2.1%	Cons. · Japanese GAAP
FYE Mar 2022	443	+1.6%	Cons. · Japanese GAAP
FYE Mar 2023	430	−2.8%	Cons. · Japanese GAAP
FYE Mar 2024	420	−2.4%	Cons. · Japanese GAAP
FYE Mar 2025	432	+2.9%	Cons. · Japanese GAAP
FYE Mar 2026	475	+10.0%	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 ¥193bn

CAGR · 10 yrs +0.6%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	182	n/a	Cons. · Japanese GAAP
FYE Mar 2018	199	+9.5%	Cons. · Japanese GAAP
FYE Mar 2019	201	+1.3%	Cons. · Japanese GAAP
FYE Mar 2020	204	+1.2%	Cons. · Japanese GAAP
FYE Mar 2021	182	−10.5%	Cons. · Japanese GAAP
FYE Mar 2022	183	+0.4%	Cons. · Japanese GAAP
FYE Mar 2023	187	+2.1%	Cons. · Japanese GAAP
FYE Mar 2024	220	+17.5%	Cons. · Japanese GAAP
FYE Mar 2025	198	−9.9%	Cons. · Japanese GAAP
FYE Mar 2026	193	−2.7%	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 ¥283bn

CAGR · 10 yrs +1.2%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	255	n/a	Cons. · Japanese GAAP
FYE Mar 2018	233	−8.8%	Cons. · Japanese GAAP
FYE Mar 2019	229	−1.5%	Cons. · Japanese GAAP
FYE Mar 2020	223	−2.4%	Cons. · Japanese GAAP
FYE Mar 2021	254	+13.6%	Cons. · Japanese GAAP
FYE Mar 2022	260	+2.4%	Cons. · Japanese GAAP
FYE Mar 2023	244	−6.3%	Cons. · Japanese GAAP
FYE Mar 2024	200	−17.7%	Cons. · Japanese GAAP
FYE Mar 2025	234	+16.9%	Cons. · Japanese GAAP
FYE Mar 2026	283	+20.7%	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	165	n/a	Cons. · Japanese GAAP
FYE Mar 2018	180	+9.1%	Cons. · Japanese GAAP
FYE Mar 2019	180	+0.1%	Cons. · Japanese GAAP
FYE Mar 2020	215	+19.4%	Cons. · Japanese GAAP
FYE Mar 2021	267	+24.2%	Cons. · Japanese GAAP
FYE Mar 2022	247	−7.5%	Cons. · Japanese GAAP
FYE Mar 2023	217	−12.1%	Cons. · Japanese GAAP
FYE Mar 2024	157	−27.7%	Cons. · Japanese GAAP
FYE Mar 2025	177	+12.7%	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 ¥17bn

CAGR · 10 yrs +1.5%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	14.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.9	+9.5%	Cons. · Japanese GAAP
FYE Mar 2019	24.2	+51.6%	Cons. · Japanese GAAP
FYE Mar 2020	24.2	+0.2%	Cons. · Japanese GAAP
FYE Mar 2021	23.5	−2.7%	Cons. · Japanese GAAP
FYE Mar 2022	21.9	−6.8%	Cons. · Japanese GAAP
FYE Mar 2023	21.1	−4.0%	Cons. · Japanese GAAP
FYE Mar 2024	18.5	−12.1%	Cons. · Japanese GAAP
FYE Mar 2025	17.3	−6.8%	Cons. · Japanese GAAP
FYE Mar 2026	16.6	−4.1%	Cons. · Japanese GAAP

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

Goodwill

FYE Mar 2026 ¥0.5bn

CAGR · 10 yrs −7.4%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.9	+79.3%	Cons. · Japanese GAAP
FYE Mar 2019	3.9	+106.6%	Cons. · Japanese GAAP
FYE Mar 2020	2.2	−44.1%	Cons. · Japanese GAAP
FYE Mar 2021	1.7	−23.3%	Cons. · Japanese GAAP
FYE Mar 2022	1.4	−16.9%	Cons. · Japanese GAAP
FYE Mar 2023	1.1	−20.0%	Cons. · Japanese GAAP
FYE Mar 2024	0.9	−22.5%	Cons. · Japanese GAAP
FYE Mar 2025	0.6	−33.1%	Cons. · Japanese GAAP
FYE Mar 2026	0.5	−8.4%	Cons. · Japanese GAAP

Definition: What an acquisition cost above the net assets it brought
Formula: Goodwill line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Mar 2026 36.4%

Average · 10 yrs 30.5%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	26.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.8	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	29.1	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	29.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	26.4	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2022	27.0	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	30.3	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2024	35.3	+5.0pp	Cons. · Japanese GAAP
FYE Mar 2025	36.8	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2026	36.4	−0.4pp	Cons. · Japanese GAAP

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

Debt-to-equity ratio D/E ratio

FYE Mar 2026 93.6%

Average · 10 yrs 111.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	130.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	119.8	−10.8pp	Cons. · Japanese GAAP
FYE Mar 2019	112.6	−7.2pp	Cons. · Japanese GAAP
FYE Mar 2020	110.4	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2021	124.7	+14.3pp	Cons. · Japanese GAAP
FYE Mar 2022	127.7	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2023	111.1	−16.6pp	Cons. · Japanese GAAP
FYE Mar 2024	91.4	−19.7pp	Cons. · Japanese GAAP
FYE Mar 2025	90.3	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	93.6	+3.3pp	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 7.4%

Average · 10 yrs 6.8%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	7.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.1	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	8.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	5.1	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2021	-11.4	−16.5pp	Cons. · Japanese GAAP
FYE Mar 2022	3.5	+14.9pp	Cons. · Japanese GAAP
FYE Mar 2023	10.5	+7.0pp	Cons. · Japanese GAAP
FYE Mar 2024	17.7	+7.2pp	Cons. · Japanese GAAP
FYE Mar 2025	10.9	−6.9pp	Cons. · Japanese GAAP
FYE Mar 2026	7.4	−3.5pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 2.7%

Average · 10 yrs 2.2%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	2.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	2.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	1.5	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	-3.0	−4.5pp	Cons. · Japanese GAAP
FYE Mar 2022	0.9	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2023	3.2	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2024	6.3	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2025	4.0	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2026	2.7	−1.3pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.30×

CAGR · 10 yrs −3.4%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.41	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.41	−1.6%	Cons. · Japanese GAAP
FYE Mar 2019	0.40	−1.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.40	+0.2%	Cons. · Japanese GAAP
FYE Mar 2021	0.29	−27.7%	Cons. · Japanese GAAP
FYE Mar 2022	0.28	−4.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.31	+10.6%	Cons. · Japanese GAAP
FYE Mar 2024	0.31	+2.0%	Cons. · Japanese GAAP
FYE Mar 2025	0.33	+3.3%	Cons. · Japanese GAAP
FYE Mar 2026	0.30	−7.6%	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 ¥60bn

CAGR · 10 yrs −3.1%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	79.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	85.4	+7.4%	Cons. · Japanese GAAP
FYE Mar 2019	72.7	−14.8%	Cons. · Japanese GAAP
FYE Mar 2020	74.9	+3.0%	Cons. · Japanese GAAP
FYE Mar 2021	27.2	−63.7%	Cons. · Japanese GAAP
FYE Mar 2022	48.6	+78.9%	Cons. · Japanese GAAP
FYE Mar 2023	62.9	+29.4%	Cons. · Japanese GAAP
FYE Mar 2024	71.6	+13.8%	Cons. · Japanese GAAP
FYE Mar 2025	55.9	−22.0%	Cons. · Japanese GAAP
FYE Mar 2026	59.9	+7.2%	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 -¥84bn

Average · 10 yrs -¥48bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-67.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-52.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-80.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-85.5	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-43.6	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-45.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	34.7	n/a	Cons. · Japanese GAAP
FYE Mar 2024	23.4	−32.5%	Cons. · Japanese GAAP
FYE Mar 2025	-74.5	−417.9%	Cons. · Japanese GAAP
FYE Mar 2026	-84.3	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 ¥29bn

Average · 10 yrs -¥15bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-20.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-8.1	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-15.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	17.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	37.2	+116.7%	Cons. · Japanese GAAP
FYE Mar 2022	-30.6	−182.2%	Cons. · Japanese GAAP
FYE Mar 2023	-51.1	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-102	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2026	29.3	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 ¥40bn

CAGR · 10 yrs +8.4%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	19.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	43.9	+127.6%	Cons. · Japanese GAAP
FYE Mar 2019	21.6	−50.7%	Cons. · Japanese GAAP
FYE Mar 2020	28.5	+31.6%	Cons. · Japanese GAAP
FYE Mar 2021	49.3	+73.1%	Cons. · Japanese GAAP
FYE Mar 2022	21.9	−55.6%	Cons. · Japanese GAAP
FYE Mar 2023	67.5	+208.8%	Cons. · Japanese GAAP
FYE Mar 2024	60.5	−10.3%	Cons. · Japanese GAAP
FYE Mar 2025	35.0	−42.3%	Cons. · Japanese GAAP
FYE Mar 2026	39.9	+14.1%	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 -¥24bn

Average · 10 yrs ¥16bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	12.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	32.7	+162.9%	Cons. · Japanese GAAP
FYE Mar 2019	-7.4	−122.5%	Cons. · Japanese GAAP
FYE Mar 2020	-10.6	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-16.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	3.1	n/a	Cons. · Japanese GAAP
FYE Mar 2023	97.6	+3047.6%	Cons. · Japanese GAAP
FYE Mar 2024	95.1	−2.6%	Cons. · Japanese GAAP
FYE Mar 2025	-18.6	−119.6%	Cons. · Japanese GAAP
FYE Mar 2026	-24.4	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 14.3%

Average · 10 yrs 14.1%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	15.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.3	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	13.8	−2.5pp	Cons. · Japanese GAAP
FYE Mar 2020	14.0	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	7.0	−7.0pp	Cons. · Japanese GAAP
FYE Mar 2022	13.6	+6.5pp	Cons. · Japanese GAAP
FYE Mar 2023	15.9	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2024	17.5	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2025	13.2	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2026	14.3	+1.1pp	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 -¥435bn

Average · 10 yrs -¥398bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-417	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-388	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-409	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-399	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-387	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-421	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-363	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-359	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-397	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-435	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 ¥606bn

Change · 9 yrs −¥193bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	799	n/a
FYE Mar 2018	794	n/a
FYE Mar 2019	990	n/a
FYE Mar 2020	875	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	751	n/a
FYE Mar 2023	632	n/a
FYE Mar 2024	764	n/a
FYE Mar 2025	544	n/a
FYE Mar 2026	606	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 1,645¥

Change · 9 yrs −524¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	2,169	n/a
FYE Mar 2018	2,156	n/a
FYE Mar 2019	2,685	n/a
FYE Mar 2020	2,374	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	2,038	n/a
FYE Mar 2023	1,715	n/a
FYE Mar 2024	2,073	n/a
FYE Mar 2025	1,475	n/a
FYE Mar 2026	1,645	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 368,497,000shares

Change · 10 yrs −0 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	368,497,000	Parent
FYE Mar 2018	368,497,000	Parent
FYE Mar 2019	368,497,000	Parent
FYE Mar 2020	368,497,000	Parent
FYE Mar 2021	368,497,000	Parent
FYE Mar 2022	368,497,000	Parent
FYE Mar 2023	368,497,000	Parent
FYE Mar 2024	368,497,000	Parent
FYE Mar 2025	368,497,000	Parent
FYE Mar 2026	368,497,000	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 108.25¥

Change · 10 yrs +35.94¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	72.31	Cons.
FYE Mar 2018	81.36	Cons.
FYE Mar 2019	90.11	Cons.
FYE Mar 2020	55.08	Cons.
FYE Mar 2021	-109.60	Cons.
FYE Mar 2022	33.36	Cons.
FYE Mar 2023	112.11	Cons.
FYE Mar 2024	225.28	Cons.
FYE Mar 2025	147.51	Cons.
FYE Mar 2026	108.25	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 1,377.48¥

Change · 10 yrs +470.38¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	907.10	Cons. · Japanese GAAP
FYE Mar 2018	977.19	Cons. · Japanese GAAP
FYE Mar 2019	1,037.69	Cons. · Japanese GAAP
FYE Mar 2020	1,050.58	Cons. · Japanese GAAP
FYE Mar 2021	949.47	Cons. · Japanese GAAP
FYE Mar 2022	941.29	Cons. · Japanese GAAP
FYE Mar 2023	1,051.26	Cons. · Japanese GAAP
FYE Mar 2024	1,246.47	Cons. · Japanese GAAP
FYE Mar 2025	1,297.91	Cons. · Japanese GAAP
FYE Mar 2026	1,377.48	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 15.20×

Average · 9 yrs 26.69×

Fiscal year	PER ×	Basis
FYE Mar 2017	30.00	Cons.
FYE Mar 2018	26.50	Cons.
FYE Mar 2019	29.80	Cons.
FYE Mar 2020	43.10	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	61.10	Cons.
FYE Mar 2023	15.30	Cons.
FYE Mar 2024	9.20	Cons.
FYE Mar 2025	10.00	Cons.
FYE Mar 2026	15.20	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 1.12×

Average · 9 yrs 1.87×

Fiscal year	PBR ×	Basis
FYE Mar 2017	2.34	Cons.
FYE Mar 2018	2.16	Cons.
FYE Mar 2019	2.53	Cons.
FYE Mar 2020	2.23	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	2.14	Cons.
FYE Mar 2023	1.61	Cons.
FYE Mar 2024	1.61	Cons.
FYE Mar 2025	1.06	Cons.
FYE Mar 2026	1.12	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 11,656people

Change · 10 yrs −1,904 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	13,560	n/a	Cons.
FYE Mar 2018	13,834	+2.0%	Cons.
FYE Mar 2019	13,938	+0.8%	Cons.
FYE Mar 2020	14,019	+0.6%	Cons.
FYE Mar 2021	13,960	−0.4%	Cons.
FYE Mar 2022	13,272	−4.9%	Cons.
FYE Mar 2023	12,629	−4.8%	Cons.
FYE Mar 2024	11,661	−7.7%	Cons.
FYE Mar 2025	11,517	−1.2%	Cons.
FYE Mar 2026	11,656	+1.2%	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 3,685people

Change · 10 yrs +48 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	3,637	n/a	Parent
FYE Mar 2018	3,726	+2.4%	Parent
FYE Mar 2019	3,792	+1.8%	Parent
FYE Mar 2020	3,847	+1.5%	Parent
FYE Mar 2021	3,760	−2.3%	Parent
FYE Mar 2022	3,758	−0.1%	Parent
FYE Mar 2023	3,712	−1.2%	Parent
FYE Mar 2024	3,682	−0.8%	Parent
FYE Mar 2025	3,682	−0.0%	Parent
FYE Mar 2026	3,685	+0.1%	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 827万円

Change · 10 yrs +87万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	740	n/a	Parent
FYE Mar 2018	756	+2.1%	Parent
FYE Mar 2019	764	+1.2%	Parent
FYE Mar 2020	760	−0.6%	Parent
FYE Mar 2021	720	−5.2%	Parent
FYE Mar 2022	697	−3.2%	Parent
FYE Mar 2023	717	+2.8%	Parent
FYE Mar 2024	753	+5.0%	Parent
FYE Mar 2025	800	+6.2%	Parent
FYE Mar 2026	827	+3.5%	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 43.5years

Change · 8 yrs +3.4 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	40.1	n/a	Parent
FYE Mar 2020	40.3	+0.5%	Parent
FYE Mar 2021	40.3	−0.0%	Parent
FYE Mar 2022	41.0	+1.7%	Parent
FYE Mar 2023	42.0	+2.4%	Parent
FYE Mar 2024	42.9	+2.1%	Parent
FYE Mar 2025	43.4	+1.2%	Parent
FYE Mar 2026	43.5	+0.2%	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 22.0years

Change · 10 yrs +3.2 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	18.8	n/a	Parent
FYE Mar 2018	18.9	+0.5%	Parent
FYE Mar 2019	19.0	+0.5%	Parent
FYE Mar 2020	19.2	+1.1%	Parent
FYE Mar 2021	19.3	+0.5%	Parent
FYE Mar 2022	20.0	+3.6%	Parent
FYE Mar 2023	21.1	+5.5%	Parent
FYE Mar 2024	21.7	+2.8%	Parent
FYE Mar 2025	22.0	+1.4%	Parent
FYE Mar 2026	22.0	−0.0%	Parent

Definition: How long the average employee has been with the company
Formula: Average years of service, from the employee section of the filing
Source: Securities report (XBRL)

Temporary employees

FYE Mar 2026 5,564people

Change · 10 yrs +1,372 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	4,192	n/a	n/a
FYE Mar 2018	3,890	−7.2%	n/a
FYE Mar 2019	6,133	+57.7%	n/a
FYE Mar 2020	5,560	−9.3%	n/a
FYE Mar 2021	4,995	−10.2%	n/a
FYE Mar 2022	4,772	−4.5%	n/a
FYE Mar 2023	5,821	+22.0%	n/a
FYE Mar 2024	5,602	−3.8%	n/a
FYE Mar 2025	5,694	+1.6%	n/a
FYE Mar 2026	5,564	−2.3%	n/a

Definition: Average number of temporary and part-time staff over the year
Formula: Average temporary headcount, from the employee section of the filing
Source: Securities report (XBRL)

Revenue per employee

FYE Mar 2026 ¥35.9m

Change · 10 yrs −¥2.6m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	38.6	n/a	Cons.
FYE Mar 2018	37.9	−1.7%	Cons.
FYE Mar 2019	37.8	−0.4%	Cons.
FYE Mar 2020	38.1	+0.8%	Cons.
FYE Mar 2021	27.6	−27.4%	Cons.
FYE Mar 2022	27.0	−2.2%	Cons.
FYE Mar 2023	31.3	+15.8%	Cons.
FYE Mar 2024	35.1	+12.3%	Cons.
FYE Mar 2025	36.7	+4.4%	Cons.
FYE Mar 2026	35.9	−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 ¥4.5m

Change · 10 yrs +¥0.8m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	3.7	n/a	Cons.
FYE Mar 2018	3.7	+1.0%	Cons.
FYE Mar 2019	3.7	+0.5%	Cons.
FYE Mar 2020	2.9	−21.5%	Cons.
FYE Mar 2021	-1.7	−159.1%	Cons.
FYE Mar 2022	0.5	n/a	Cons.
FYE Mar 2023	2.1	+354.4%	Cons.
FYE Mar 2024	4.4	+106.7%	Cons.
FYE Mar 2025	4.5	+2.6%	Cons.
FYE Mar 2026	4.5	+1.2%	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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Odakyu Electric Railway’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/9007/company.json ·/api/9007/history.json ·/api/9007/ceo.json ·/api/9007/financials.json ·/api/9007/financials/segment.json ·/api/9007/financials/pl.json ·/api/9007/financials/cf.json ·/api/9007/financials/bs.json ·/api/9007/financials/employee.json ·/api/9007/financials/stock.json ·/api/9007/financials.csv ·/api/9007/financials_history.csv

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