Financials

Seibu Holdings: FYE Mar 2026 and ten years of results (49 metrics)

FYE Mar 2026 · Revenue¥513bnYoY −43.0%

FYE Mar 2026 · Operating profit¥46bnYoY −84.4%

FYE Mar 2026 · Net profit¥39bnYoY −84.9%

FYE Mar 2026 · Equity ratio32.9%YoY +2.2pp

FYE Mar 2026 · Group employees21,557YoY +564

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥512bn	n/a	¥62bn	n/a	12.2%	¥48bn	Goto Takashi	Tokyo Garden Terrace Kioicho opens on the old Akasaka Prince site
FYE Mar 2018Consolidated	¥531bn	+3.6%	¥64bn	+2.9%	12.1%	¥43bn	Goto Takashi	—
FYE Mar 2019Consolidated	¥566bn	+6.7%	¥73bn	+14.1%	13.0%	¥45bn	Goto Takashi	—
FYE Mar 2020Consolidated	¥555bn	−2.0%	¥57bn	−22.5%	10.2%	¥4.7bn	Goto Takashi	—
FYE Mar 2021Consolidated	¥337bn	−39.2%	-¥52bn	−190.8%	-15.3%	-¥72bn	Goto Takashi	—
FYE Mar 2022Consolidated	¥397bn	+17.7%	-¥13bn	n/a	-3.3%	¥11bn	Goto Takashi	Record net loss of <span class="en-history_money" data-yen="72300000000" data-year="2021">$658.6M (¥72bn)</span>; Toshimaen closes
FYE Mar 2023Consolidated	¥428bn	+8.0%	¥22bn	n/a	5.2%	¥57bn	Goto Takashi	—
FYE Mar 2024Consolidated	¥478bn	+11.5%	¥48bn	+115.4%	10.0%	¥27bn	Goto Takashi	Hotel and leisure assets transferred to GIC; <a class="en-history_person" href="/tse/9024/executives/ceo/nishiyama-ryuichiro/" hreflang="ja">Nishiyama Ryuichiro</a> becomes president
FYE Mar 2025Consolidated	¥901bn	+88.7%	¥293bn	+513.6%	32.5%	¥258bn	Nishiyama Ryuichiro	Long-term strategy to 2035: property recycling, 250 hotels
FYE Mar 2026Consolidated	¥513bn	−43.0%	¥46bn	−84.4%	8.9%	¥39bn	Nishiyama Ryuichiro	Record operating profit of <span class="en-history_money" data-yen="292700000000" data-year="2025">$2.0B (¥293bn)</span> on the sale of the flagship

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 ¥513bn

CAGR · 10 yrs +0.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	512	n/a	Cons. · Japanese GAAP
FYE Mar 2018	531	+3.6%	Cons. · Japanese GAAP
FYE Mar 2019	566	+6.7%	Cons. · Japanese GAAP
FYE Mar 2020	555	−2.0%	Cons. · Japanese GAAP
FYE Mar 2021	337	−39.2%	Cons. · Japanese GAAP
FYE Mar 2022	397	+17.7%	Cons. · Japanese GAAP
FYE Mar 2023	428	+8.0%	Cons. · Japanese GAAP
FYE Mar 2024	478	+11.5%	Cons. · Japanese GAAP
FYE Mar 2025	901	+88.7%	Cons. · Japanese GAAP
FYE Mar 2026	513	−43.0%	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 ¥419bn

CAGR · 10 yrs +0.1%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	414	n/a	Cons. · Japanese GAAP
FYE Mar 2018	430	+3.7%	Cons. · Japanese GAAP
FYE Mar 2019	453	+5.4%	Cons. · Japanese GAAP
FYE Mar 2020	455	+0.4%	Cons. · Japanese GAAP
FYE Mar 2021	350	−23.1%	Cons. · Japanese GAAP
FYE Mar 2022	370	+5.8%	Cons. · Japanese GAAP
FYE Mar 2023	366	−1.0%	Cons. · Japanese GAAP
FYE Mar 2024	389	+6.1%	Cons. · Japanese GAAP
FYE Mar 2025	557	+43.3%	Cons. · Japanese GAAP
FYE Mar 2026	419	−24.8%	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 ¥95bn

CAGR · 10 yrs −0.3%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	97.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	101	+3.3%	Cons. · Japanese GAAP
FYE Mar 2019	113	+12.0%	Cons. · Japanese GAAP
FYE Mar 2020	99.6	−11.7%	Cons. · Japanese GAAP
FYE Mar 2021	-12.7	−112.7%	Cons. · Japanese GAAP
FYE Mar 2022	26.9	n/a	Cons. · Japanese GAAP
FYE Mar 2023	62.2	+131.0%	Cons. · Japanese GAAP
FYE Mar 2024	89.0	+43.2%	Cons. · Japanese GAAP
FYE Mar 2025	344	+286.7%	Cons. · Japanese GAAP
FYE Mar 2026	94.7	−72.5%	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 ¥49bn

CAGR · 10 yrs +3.8%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	35.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.5	+4.0%	Cons. · Japanese GAAP
FYE Mar 2019	39.6	+8.3%	Cons. · Japanese GAAP
FYE Mar 2020	42.8	+8.2%	Cons. · Japanese GAAP
FYE Mar 2021	38.9	−9.2%	Cons. · Japanese GAAP
FYE Mar 2022	40.1	+3.2%	Cons. · Japanese GAAP
FYE Mar 2023	40.0	−0.3%	Cons. · Japanese GAAP
FYE Mar 2024	41.3	+3.3%	Cons. · Japanese GAAP
FYE Mar 2025	51.6	+24.8%	Cons. · Japanese GAAP
FYE Mar 2026	49.2	−4.6%	Cons. · Japanese GAAP

Definition: The cost of selling and of running the company
Formula: SG&A line of the income statement
Source: Securities report (XBRL)

Operating profit

FYE Mar 2026 ¥46bn

CAGR · 10 yrs −3.5%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	62.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	64.3	+2.9%	Cons. · Japanese GAAP
FYE Mar 2019	73.3	+14.1%	Cons. · Japanese GAAP
FYE Mar 2020	56.8	−22.5%	Cons. · Japanese GAAP
FYE Mar 2021	-51.6	−190.8%	Cons. · Japanese GAAP
FYE Mar 2022	-13.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	22.2	n/a	Cons. · Japanese GAAP
FYE Mar 2024	47.7	+115.4%	Cons. · Japanese GAAP
FYE Mar 2025	293	+513.6%	Cons. · Japanese GAAP
FYE Mar 2026	45.5	−84.4%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥8.5bn

CAGR · 10 yrs +2.4%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	6.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.3	−52.1%	Cons. · Japanese GAAP
FYE Mar 2019	3.5	+5.6%	Cons. · Japanese GAAP
FYE Mar 2020	3.4	−2.7%	Cons. · Japanese GAAP
FYE Mar 2021	5.5	+61.7%	Cons. · Japanese GAAP
FYE Mar 2022	6.7	+21.6%	Cons. · Japanese GAAP
FYE Mar 2023	7.0	+4.9%	Cons. · Japanese GAAP
FYE Mar 2024	4.5	−35.6%	Cons. · Japanese GAAP
FYE Mar 2025	4.3	−4.8%	Cons. · Japanese GAAP
FYE Mar 2026	8.5	+98.9%	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 ¥8.2bn

CAGR · 10 yrs −4.0%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	11.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.1	+1.7%	Cons. · Japanese GAAP
FYE Mar 2019	11.4	−5.5%	Cons. · Japanese GAAP
FYE Mar 2020	11.4	+0.4%	Cons. · Japanese GAAP
FYE Mar 2021	12.7	+10.8%	Cons. · Japanese GAAP
FYE Mar 2022	10.9	−14.1%	Cons. · Japanese GAAP
FYE Mar 2023	9.0	−17.3%	Cons. · Japanese GAAP
FYE Mar 2024	9.2	+2.3%	Cons. · Japanese GAAP
FYE Mar 2025	9.4	+1.8%	Cons. · Japanese GAAP
FYE Mar 2026	8.2	−12.4%	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 ¥46bn

CAGR · 10 yrs −2.5%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	57.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	55.5	−3.4%	Cons. · Japanese GAAP
FYE Mar 2019	65.4	+17.9%	Cons. · Japanese GAAP
FYE Mar 2020	48.8	−25.4%	Cons. · Japanese GAAP
FYE Mar 2021	-58.8	−220.5%	Cons. · Japanese GAAP
FYE Mar 2022	-17.4	n/a	Cons. · Japanese GAAP
FYE Mar 2023	20.1	n/a	Cons. · Japanese GAAP
FYE Mar 2024	43.0	+113.6%	Cons. · Japanese GAAP
FYE Mar 2025	288	+568.9%	Cons. · Japanese GAAP
FYE Mar 2026	45.8	−84.1%	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 ¥68bn

CAGR · 10 yrs +25.1%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	9.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.2	−76.2%	Cons. · Japanese GAAP
FYE Mar 2019	2.8	+29.6%	Cons. · Japanese GAAP
FYE Mar 2020	1.9	−30.6%	Cons. · Japanese GAAP
FYE Mar 2021	33.4	+1624.1%	Cons. · Japanese GAAP
FYE Mar 2022	62.3	+86.2%	Cons. · Japanese GAAP
FYE Mar 2023	83.3	+33.7%	Cons. · Japanese GAAP
FYE Mar 2024	23.4	−71.9%	Cons. · Japanese GAAP
FYE Mar 2025	75.9	+224.6%	Cons. · Japanese GAAP
FYE Mar 2026	68.1	−10.3%	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 ¥39bn

CAGR · 10 yrs −2.2%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	47.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	42.9	−9.8%	Cons. · Japanese GAAP
FYE Mar 2019	45.5	+5.9%	Cons. · Japanese GAAP
FYE Mar 2020	4.7	−89.7%	Cons. · Japanese GAAP
FYE Mar 2021	-72.3	−1648.2%	Cons. · Japanese GAAP
FYE Mar 2022	10.6	n/a	Cons. · Japanese GAAP
FYE Mar 2023	56.8	+434.2%	Cons. · Japanese GAAP
FYE Mar 2024	27.0	−52.4%	Cons. · Japanese GAAP
FYE Mar 2025	258	+856.6%	Cons. · Japanese GAAP
FYE Mar 2026	38.9	−84.9%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 18.5%

Average · 10 yrs 16.9%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	19.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	19.9	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2020	18.0	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2021	-3.8	−21.7pp	Cons. · Japanese GAAP
FYE Mar 2022	6.8	+10.6pp	Cons. · Japanese GAAP
FYE Mar 2023	14.5	+7.7pp	Cons. · Japanese GAAP
FYE Mar 2024	18.6	+4.1pp	Cons. · Japanese GAAP
FYE Mar 2025	38.2	+19.6pp	Cons. · Japanese GAAP
FYE Mar 2026	18.5	−19.8pp	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 8.9%

Average · 10 yrs 8.5%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	12.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	13.0	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	10.2	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2021	-15.3	−25.6pp	Cons. · Japanese GAAP
FYE Mar 2022	-3.3	+12.0pp	Cons. · Japanese GAAP
FYE Mar 2023	5.2	+8.5pp	Cons. · Japanese GAAP
FYE Mar 2024	10.0	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2025	32.5	+22.5pp	Cons. · Japanese GAAP
FYE Mar 2026	8.9	−23.6pp	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 8.9%

Average · 10 yrs 7.5%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	11.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.5	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	11.6	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2020	8.8	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2021	-17.4	−26.2pp	Cons. · Japanese GAAP
FYE Mar 2022	-4.4	+13.0pp	Cons. · Japanese GAAP
FYE Mar 2023	4.7	+9.1pp	Cons. · Japanese GAAP
FYE Mar 2024	9.0	+4.3pp	Cons. · Japanese GAAP
FYE Mar 2025	31.9	+22.9pp	Cons. · Japanese GAAP
FYE Mar 2026	8.9	−23.0pp	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 7.6%

Average · 10 yrs 6.3%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	9.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.1	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	8.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	0.8	−7.2pp	Cons. · Japanese GAAP
FYE Mar 2021	-21.5	−22.3pp	Cons. · Japanese GAAP
FYE Mar 2022	2.7	+24.1pp	Cons. · Japanese GAAP
FYE Mar 2023	13.2	+10.6pp	Cons. · Japanese GAAP
FYE Mar 2024	5.7	−7.6pp	Cons. · Japanese GAAP
FYE Mar 2025	28.7	+23.0pp	Cons. · Japanese GAAP
FYE Mar 2026	7.6	−21.1pp	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 81.5%

Average · 10 yrs 83.1%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	80.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	81.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	80.1	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2020	82.0	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2021	103.8	+21.7pp	Cons. · Japanese GAAP
FYE Mar 2022	93.2	−10.6pp	Cons. · Japanese GAAP
FYE Mar 2023	85.5	−7.7pp	Cons. · Japanese GAAP
FYE Mar 2024	81.4	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2025	61.8	−19.6pp	Cons. · Japanese GAAP
FYE Mar 2026	81.5	+19.8pp	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 9.6%

Average · 10 yrs 8.3%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	6.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.9	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	7.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	7.7	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2021	11.5	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2022	10.1	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2023	9.3	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	8.7	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	5.7	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2026	9.6	+3.9pp	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 ¥1.73tn

CAGR · 10 yrs +0.7%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	1,628	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,669	+2.5%	Cons. · Japanese GAAP
FYE Mar 2019	1,729	+3.6%	Cons. · Japanese GAAP
FYE Mar 2020	1,708	−1.2%	Cons. · Japanese GAAP
FYE Mar 2021	1,698	−0.5%	Cons. · Japanese GAAP
FYE Mar 2022	1,703	+0.3%	Cons. · Japanese GAAP
FYE Mar 2023	1,588	−6.8%	Cons. · Japanese GAAP
FYE Mar 2024	1,635	+3.0%	Cons. · Japanese GAAP
FYE Mar 2025	1,834	+12.2%	Cons. · Japanese GAAP
FYE Mar 2026	1,731	−5.6%	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 ¥569bn

CAGR · 10 yrs +5.4%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	356	n/a	Cons. · Japanese GAAP
FYE Mar 2018	390	+9.6%	Cons. · Japanese GAAP
FYE Mar 2019	417	+7.0%	Cons. · Japanese GAAP
FYE Mar 2020	368	−11.9%	Cons. · Japanese GAAP
FYE Mar 2021	300	−18.4%	Cons. · Japanese GAAP
FYE Mar 2022	311	+3.8%	Cons. · Japanese GAAP
FYE Mar 2023	373	+19.7%	Cons. · Japanese GAAP
FYE Mar 2024	427	+14.6%	Cons. · Japanese GAAP
FYE Mar 2025	562	+31.6%	Cons. · Japanese GAAP
FYE Mar 2026	569	+1.3%	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 ¥588bn

CAGR · 10 yrs −4.2%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	861	n/a	Cons. · Japanese GAAP
FYE Mar 2018	855	−0.8%	Cons. · Japanese GAAP
FYE Mar 2019	850	−0.6%	Cons. · Japanese GAAP
FYE Mar 2020	871	+2.4%	Cons. · Japanese GAAP
FYE Mar 2021	873	+0.3%	Cons. · Japanese GAAP
FYE Mar 2022	861	−1.4%	Cons. · Japanese GAAP
FYE Mar 2023	725	−15.8%	Cons. · Japanese GAAP
FYE Mar 2024	696	−3.9%	Cons. · Japanese GAAP
FYE Mar 2025	602	−13.5%	Cons. · Japanese GAAP
FYE Mar 2026	588	−2.4%	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 ¥107bn

CAGR · 10 yrs −7.0%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	205	n/a	Cons. · Japanese GAAP
FYE Mar 2018	158	−23.0%	Cons. · Japanese GAAP
FYE Mar 2019	165	+4.7%	Cons. · Japanese GAAP
FYE Mar 2020	203	+23.1%	Cons. · Japanese GAAP
FYE Mar 2021	198	−2.9%	Cons. · Japanese GAAP
FYE Mar 2022	256	+29.7%	Cons. · Japanese GAAP
FYE Mar 2023	132	−48.7%	Cons. · Japanese GAAP
FYE Mar 2024	136	+3.5%	Cons. · Japanese GAAP
FYE Mar 2025	67.3	−50.6%	Cons. · Japanese GAAP
FYE Mar 2026	107	+58.3%	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 ¥481bn

CAGR · 10 yrs −3.4%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	656	n/a	Cons. · Japanese GAAP
FYE Mar 2018	697	+6.2%	Cons. · Japanese GAAP
FYE Mar 2019	685	−1.8%	Cons. · Japanese GAAP
FYE Mar 2020	667	−2.6%	Cons. · Japanese GAAP
FYE Mar 2021	676	+1.3%	Cons. · Japanese GAAP
FYE Mar 2022	605	−10.5%	Cons. · Japanese GAAP
FYE Mar 2023	593	−1.9%	Cons. · Japanese GAAP
FYE Mar 2024	560	−5.5%	Cons. · Japanese GAAP
FYE Mar 2025	535	−4.5%	Cons. · Japanese GAAP
FYE Mar 2026	481	−10.1%	Cons. · Japanese GAAP

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

Intangible assets

FYE Mar 2026 ¥46bn

CAGR · 10 yrs +11.6%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	17.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.4	+25.8%	Cons. · Japanese GAAP
FYE Mar 2019	23.5	+9.7%	Cons. · Japanese GAAP
FYE Mar 2020	22.5	−4.3%	Cons. · Japanese GAAP
FYE Mar 2021	19.4	−14.0%	Cons. · Japanese GAAP
FYE Mar 2022	19.2	−0.9%	Cons. · Japanese GAAP
FYE Mar 2023	23.2	+21.2%	Cons. · Japanese GAAP
FYE Mar 2024	23.4	+0.8%	Cons. · Japanese GAAP
FYE Mar 2025	30.6	+30.7%	Cons. · Japanese GAAP
FYE Mar 2026	45.6	+48.9%	Cons. · Japanese GAAP

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

Equity ratio

FYE Mar 2026 32.9%

Average · 10 yrs 24.0%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	21.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.4	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	24.1	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	21.5	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2021	17.7	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2022	18.3	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2023	23.5	+5.2pp	Cons. · Japanese GAAP
FYE Mar 2024	26.1	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2025	30.6	+4.5pp	Cons. · Japanese GAAP
FYE Mar 2026	32.9	+2.2pp	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 103.3%

Average · 10 yrs 203.7%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	242.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	219.2	−23.0pp	Cons. · Japanese GAAP
FYE Mar 2019	203.7	−15.5pp	Cons. · Japanese GAAP
FYE Mar 2020	236.7	+33.1pp	Cons. · Japanese GAAP
FYE Mar 2021	291.0	+54.3pp	Cons. · Japanese GAAP
FYE Mar 2022	276.4	−14.6pp	Cons. · Japanese GAAP
FYE Mar 2023	194.5	−82.0pp	Cons. · Japanese GAAP
FYE Mar 2024	163.1	−31.3pp	Cons. · Japanese GAAP
FYE Mar 2025	107.2	−55.9pp	Cons. · Japanese GAAP
FYE Mar 2026	103.3	−3.9pp	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 6.8%

Average · 10 yrs 9.0%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	13.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.0	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2019	10.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	1.3	−9.6pp	Cons. · Japanese GAAP
FYE Mar 2021	-24.1	−25.4pp	Cons. · Japanese GAAP
FYE Mar 2022	3.4	+27.5pp	Cons. · Japanese GAAP
FYE Mar 2023	15.2	+11.8pp	Cons. · Japanese GAAP
FYE Mar 2024	6.3	−8.9pp	Cons. · Japanese GAAP
FYE Mar 2025	46.0	+39.6pp	Cons. · Japanese GAAP
FYE Mar 2026	6.8	−39.1pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 2.2%

Average · 10 yrs 2.6%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	2.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.6	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	2.6	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	0.3	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2021	-4.3	−4.5pp	Cons. · Japanese GAAP
FYE Mar 2022	0.6	+4.9pp	Cons. · Japanese GAAP
FYE Mar 2023	3.6	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2024	1.7	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2025	14.1	+12.4pp	Cons. · Japanese GAAP
FYE Mar 2026	2.2	−11.8pp	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 −0.7%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.31	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.32	+1.1%	Cons. · Japanese GAAP
FYE Mar 2019	0.33	+3.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.32	−0.8%	Cons. · Japanese GAAP
FYE Mar 2021	0.20	−38.9%	Cons. · Japanese GAAP
FYE Mar 2022	0.23	+17.4%	Cons. · Japanese GAAP
FYE Mar 2023	0.27	+15.8%	Cons. · Japanese GAAP
FYE Mar 2024	0.29	+8.2%	Cons. · Japanese GAAP
FYE Mar 2025	0.49	+68.2%	Cons. · Japanese GAAP
FYE Mar 2026	0.30	−39.6%	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 ¥1.5bn

CAGR · 10 yrs −36.6%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	92.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	104	+12.3%	Cons. · Japanese GAAP
FYE Mar 2019	88.1	−15.1%	Cons. · Japanese GAAP
FYE Mar 2020	101	+15.2%	Cons. · Japanese GAAP
FYE Mar 2021	-24.3	−123.9%	Cons. · Japanese GAAP
FYE Mar 2022	58.6	n/a	Cons. · Japanese GAAP
FYE Mar 2023	67.2	+14.7%	Cons. · Japanese GAAP
FYE Mar 2024	92.0	+36.9%	Cons. · Japanese GAAP
FYE Mar 2025	474	+415.8%	Cons. · Japanese GAAP
FYE Mar 2026	1.5	−99.7%	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 -¥146bn

Average · 10 yrs -¥62bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-134	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-88.1	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-73.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-96.7	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-47.5	n/a	Cons. · Japanese GAAP
FYE Mar 2022	18.6	n/a	Cons. · Japanese GAAP
FYE Mar 2023	87.9	+371.1%	Cons. · Japanese GAAP
FYE Mar 2024	-43.9	−150.0%	Cons. · Japanese GAAP
FYE Mar 2025	-93.7	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-146	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 -¥77bn

Average · 10 yrs -¥41bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	48.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-13.5	−128.1%	Cons. · Japanese GAAP
FYE Mar 2019	-17.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	72.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-19.1	−126.3%	Cons. · Japanese GAAP
FYE Mar 2023	-217	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-42.4	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-136	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-76.7	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 ¥56bn

CAGR · 10 yrs +8.2%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	27.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.6	+7.5%	Cons. · Japanese GAAP
FYE Mar 2019	26.3	−11.3%	Cons. · Japanese GAAP
FYE Mar 2020	28.1	+6.8%	Cons. · Japanese GAAP
FYE Mar 2021	28.5	+1.7%	Cons. · Japanese GAAP
FYE Mar 2022	87.2	+205.6%	Cons. · Japanese GAAP
FYE Mar 2023	25.7	−70.5%	Cons. · Japanese GAAP
FYE Mar 2024	31.8	+23.7%	Cons. · Japanese GAAP
FYE Mar 2025	277	+770.1%	Cons. · Japanese GAAP
FYE Mar 2026	56.1	−79.7%	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 -¥144bn

Average · 10 yrs ¥44bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	-41.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	15.0	−4.2%	Cons. · Japanese GAAP
FYE Mar 2020	4.8	−68.1%	Cons. · Japanese GAAP
FYE Mar 2021	-71.8	−1594.9%	Cons. · Japanese GAAP
FYE Mar 2022	77.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	155	+100.8%	Cons. · Japanese GAAP
FYE Mar 2024	48.0	−69.0%	Cons. · Japanese GAAP
FYE Mar 2025	381	+692.4%	Cons. · Japanese GAAP
FYE Mar 2026	-144	−137.9%	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 0.3%

Average · 10 yrs 16.7%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	18.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.6	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	15.6	−4.0pp	Cons. · Japanese GAAP
FYE Mar 2020	18.3	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2021	-7.2	−25.5pp	Cons. · Japanese GAAP
FYE Mar 2022	14.8	+22.0pp	Cons. · Japanese GAAP
FYE Mar 2023	15.7	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	19.3	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2025	52.6	+33.4pp	Cons. · Japanese GAAP
FYE Mar 2026	0.3	−52.3pp	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 -¥532bn

Average · 10 yrs -¥716bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-834	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-825	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-824	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-842	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-845	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-774	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-699	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-665	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-325	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-532	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 ¥1.34tn

Change · 9 yrs +¥708bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	629	n/a
FYE Mar 2018	634	n/a
FYE Mar 2019	644	n/a
FYE Mar 2020	395	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	411	n/a
FYE Mar 2023	439	n/a
FYE Mar 2024	784	n/a
FYE Mar 2025	1,068	n/a
FYE Mar 2026	1,337	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 4,371¥

Change · 9 yrs +2,533¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,838	n/a
FYE Mar 2018	1,852	n/a
FYE Mar 2019	1,937	n/a
FYE Mar 2020	1,188	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	1,272	n/a
FYE Mar 2023	1,359	n/a
FYE Mar 2024	2,422	n/a
FYE Mar 2025	3,301	n/a
FYE Mar 2026	4,371	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 305,775,520shares

Change · 10 yrs −36,349,300 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	342,124,820	Parent
FYE Mar 2018	342,124,820	Parent
FYE Mar 2019	332,462,920	Parent
FYE Mar 2020	332,462,920	Parent
FYE Mar 2021	323,462,920	Parent
FYE Mar 2022	323,462,920	Parent
FYE Mar 2023	323,462,920	Parent
FYE Mar 2024	323,462,920	Parent
FYE Mar 2025	323,462,920	Parent
FYE Mar 2026	305,775,520	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 150.93¥

Change · 10 yrs +1.54¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	149.39	Cons.
FYE Mar 2018	136.67	Cons.
FYE Mar 2019	145.21	Cons.
FYE Mar 2020	15.18	Cons.
FYE Mar 2021	-241.32	Cons.
FYE Mar 2022	35.39	Cons.
FYE Mar 2023	188.70	Cons.
FYE Mar 2024	89.65	Cons.
FYE Mar 2025	901.99	Cons.
FYE Mar 2026	150.93	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 1,860.63¥

Change · 10 yrs +820.92¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,039.70	Cons. · Japanese GAAP
FYE Mar 2018	1,139.93	Cons. · Japanese GAAP
FYE Mar 2019	1,255.24	Cons. · Japanese GAAP
FYE Mar 2020	1,106.12	Cons. · Japanese GAAP
FYE Mar 2021	927.92	Cons. · Japanese GAAP
FYE Mar 2022	962.83	Cons. · Japanese GAAP
FYE Mar 2023	1,152.05	Cons. · Japanese GAAP
FYE Mar 2024	1,319.77	Cons. · Japanese GAAP
FYE Mar 2025	1,736.68	Cons. · Japanese GAAP
FYE Mar 2026	1,860.63	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 28.96×

Average · 9 yrs 24.47×

Fiscal year	PER ×	Basis
FYE Mar 2017	12.30	Cons.
FYE Mar 2018	13.55	Cons.
FYE Mar 2019	13.34	Cons.
FYE Mar 2020	78.26	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	35.94	Cons.
FYE Mar 2023	7.20	Cons.
FYE Mar 2024	27.02	Cons.
FYE Mar 2025	3.66	Cons.
FYE Mar 2026	28.96	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 1.95×

Average · 9 yrs 1.45×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.62	Cons.
FYE Mar 2018	1.49	Cons.
FYE Mar 2019	1.44	Cons.
FYE Mar 2020	0.97	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	1.23	Cons.
FYE Mar 2023	1.10	Cons.
FYE Mar 2024	1.71	Cons.
FYE Mar 2025	1.56	Cons.
FYE Mar 2026	1.95	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 21,557people

Change · 10 yrs −1,277 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	22,834	n/a	Cons.
FYE Mar 2018	23,564	+3.2%	Cons.
FYE Mar 2019	23,677	+0.5%	Cons.
FYE Mar 2020	23,504	−0.7%	Cons.
FYE Mar 2021	22,844	−2.8%	Cons.
FYE Mar 2022	21,367	−6.5%	Cons.
FYE Mar 2023	20,856	−2.4%	Cons.
FYE Mar 2024	20,913	+0.3%	Cons.
FYE Mar 2025	20,993	+0.4%	Cons.
FYE Mar 2026	21,557	+2.7%	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 386people

Change · 10 yrs +92 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	294	n/a	Parent
FYE Mar 2018	311	+5.8%	Parent
FYE Mar 2019	305	−1.9%	Parent
FYE Mar 2020	305	−0.0%	Parent
FYE Mar 2021	306	+0.3%	Parent
FYE Mar 2022	352	+15.0%	Parent
FYE Mar 2023	378	+7.4%	Parent
FYE Mar 2024	323	−14.6%	Parent
FYE Mar 2025	337	+4.3%	Parent
FYE Mar 2026	386	+14.5%	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 872万円

Change · 8 yrs +57万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	814	n/a	Parent
FYE Mar 2020	824	+1.2%	Parent
FYE Mar 2021	802	−2.6%	Parent
FYE Mar 2022	796	−0.8%	Parent
FYE Mar 2023	811	+1.9%	Parent
FYE Mar 2024	834	+2.8%	Parent
FYE Mar 2025	891	+6.8%	Parent
FYE Mar 2026	872	−2.2%	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 40.7years

Change · 8 yrs +1.4 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	39.3	n/a	Parent
FYE Mar 2020	39.4	+0.3%	Parent
FYE Mar 2021	40.4	+2.5%	Parent
FYE Mar 2022	40.9	+1.2%	Parent
FYE Mar 2023	40.9	−0.0%	Parent
FYE Mar 2024	40.7	−0.5%	Parent
FYE Mar 2025	41.1	+1.0%	Parent
FYE Mar 2026	40.7	−1.0%	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 15.5years

Change · 8 yrs +1.3 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	14.2	n/a	Parent
FYE Mar 2020	14.8	+4.2%	Parent
FYE Mar 2021	15.1	+2.0%	Parent
FYE Mar 2022	15.7	+4.0%	Parent
FYE Mar 2023	15.8	+0.6%	Parent
FYE Mar 2024	15.4	−2.5%	Parent
FYE Mar 2025	15.8	+2.6%	Parent
FYE Mar 2026	15.5	−1.9%	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 4,640people

Change · 10 yrs −1,718 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	6,358	n/a	n/a
FYE Mar 2018	6,647	+4.5%	n/a
FYE Mar 2019	6,395	−3.8%	n/a
FYE Mar 2020	6,040	−5.6%	n/a
FYE Mar 2021	4,397	−27.2%	n/a
FYE Mar 2022	3,800	−13.6%	n/a
FYE Mar 2023	4,159	+9.4%	n/a
FYE Mar 2024	5,039	+21.2%	n/a
FYE Mar 2025	4,771	−5.3%	n/a
FYE Mar 2026	4,640	−2.7%	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 ¥23.8m

Change · 10 yrs +¥1.4m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	22.4	n/a	Cons.
FYE Mar 2018	22.5	+0.4%	Cons.
FYE Mar 2019	23.9	+6.1%	Cons.
FYE Mar 2020	23.6	−1.3%	Cons.
FYE Mar 2021	14.8	−37.5%	Cons.
FYE Mar 2022	18.6	+25.9%	Cons.
FYE Mar 2023	20.5	+10.6%	Cons.
FYE Mar 2024	22.8	+11.2%	Cons.
FYE Mar 2025	42.9	+88.0%	Cons.
FYE Mar 2026	23.8	−44.5%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥2.1m

Change · 10 yrs −¥0.6m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.7	n/a	Cons.
FYE Mar 2018	2.7	−0.3%	Cons.
FYE Mar 2019	3.1	+13.6%	Cons.
FYE Mar 2020	2.4	−21.9%	Cons.
FYE Mar 2021	-2.3	−193.4%	Cons.
FYE Mar 2022	-0.6	n/a	Cons.
FYE Mar 2023	1.1	n/a	Cons.
FYE Mar 2024	2.3	+114.8%	Cons.
FYE Mar 2025	13.9	+511.2%	Cons.
FYE Mar 2026	2.1	−84.9%	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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