Financials

Hankyu Hanshin Holdings: FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥1.20tnYoY +8.7%

FYE Mar 2026 · Operating profit¥127bnYoY +14.7%

FYE Mar 2026 · Net profit¥79bnYoY +16.5%

FYE Mar 2026 · Equity ratio31.2%YoY −0.4pp

FYE Mar 2026 · Group employees23,867YoY +834

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥737bn	n/a	¥104bn	n/a	14.1%	¥71bn	Sumi Kazuo	—
FYE Mar 2018Consolidated	¥760bn	+3.2%	¥105bn	+1.1%	13.8%	¥66bn	Sumi Kazuo	—
FYE Mar 2019Consolidated	¥791bn	+4.1%	¥115bn	+9.2%	14.5%	¥65bn	Sugiyama Takehiro	—
FYE Mar 2020Consolidated	¥763bn	−3.6%	¥95bn	−17.2%	12.5%	¥55bn	Sugiyama Takehiro	—
FYE Mar 2021Consolidated	¥569bn	−25.4%	¥2.1bn	−97.8%	0.4%	-¥37bn	Sugiyama Takehiro	—
FYE Mar 2022Consolidated	¥746bn	+31.2%	¥39bn	+1798.0%	5.3%	¥21bn	Sugiyama Takehiro	COVID trough — ¥36.7bn net loss
FYE Mar 2023Consolidated	¥968bn	+29.8%	¥89bn	+127.9%	9.2%	¥47bn	Sugiyama Takehiro	—
FYE Mar 2024Consolidated	¥998bn	+3.0%	¥106bn	+18.3%	10.6%	¥68bn	Sugiyama Takehiro	—
FYE Mar 2025Consolidated	¥1.11tn	+11.0%	¥111bn	+4.9%	10.0%	¥67bn	Shimada Yasuo	—
FYE Mar 2026Consolidated	¥1.20tn	+8.7%	¥127bn	+14.7%	10.6%	¥79bn	Shimada Yasuo	Long-term plan to FY2030: ROE 8%, ¥160bn business profit

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 ¥1.20tn

CAGR · 10 yrs +5.6%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	737	n/a	Cons. · Japanese GAAP
FYE Mar 2018	760	+3.2%	Cons. · Japanese GAAP
FYE Mar 2019	791	+4.1%	Cons. · Japanese GAAP
FYE Mar 2020	763	−3.6%	Cons. · Japanese GAAP
FYE Mar 2021	569	−25.4%	Cons. · Japanese GAAP
FYE Mar 2022	746	+31.2%	Cons. · Japanese GAAP
FYE Mar 2023	968	+29.8%	Cons. · Japanese GAAP
FYE Mar 2024	998	+3.0%	Cons. · Japanese GAAP
FYE Mar 2025	1,107	+11.0%	Cons. · Japanese GAAP
FYE Mar 2026	1,204	+8.7%	Cons. · Japanese GAAP

Definition: Everything the company took in from its own business
Formula: Revenue line of the income statement
Source: Securities report (XBRL)

Cost of sales

FYE Mar 2026 ¥1.04tn

CAGR · 10 yrs +6.2%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	603	n/a	Cons. · Japanese GAAP
FYE Mar 2018	625	+3.7%	Cons. · Japanese GAAP
FYE Mar 2019	650	+4.0%	Cons. · Japanese GAAP
FYE Mar 2020	640	−1.5%	Cons. · Japanese GAAP
FYE Mar 2021	542	−15.3%	Cons. · Japanese GAAP
FYE Mar 2022	680	+25.4%	Cons. · Japanese GAAP
FYE Mar 2023	849	+24.9%	Cons. · Japanese GAAP
FYE Mar 2024	859	+1.2%	Cons. · Japanese GAAP
FYE Mar 2025	962	+12.0%	Cons. · Japanese GAAP
FYE Mar 2026	1,037	+7.7%	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 ¥167bn

CAGR · 10 yrs +2.5%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	134	n/a	Cons. · Japanese GAAP
FYE Mar 2018	135	+1.0%	Cons. · Japanese GAAP
FYE Mar 2019	141	+4.8%	Cons. · Japanese GAAP
FYE Mar 2020	122	−13.5%	Cons. · Japanese GAAP
FYE Mar 2021	26.7	−78.1%	Cons. · Japanese GAAP
FYE Mar 2022	66.4	+148.1%	Cons. · Japanese GAAP
FYE Mar 2023	119	+79.6%	Cons. · Japanese GAAP
FYE Mar 2024	138	+16.2%	Cons. · Japanese GAAP
FYE Mar 2025	144	+4.3%	Cons. · Japanese GAAP
FYE Mar 2026	167	+15.4%	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 ¥40bn

CAGR · 10 yrs +3.3%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	29.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.6	+0.6%	Cons. · Japanese GAAP
FYE Mar 2019	26.4	−11.0%	Cons. · Japanese GAAP
FYE Mar 2020	27.0	+2.6%	Cons. · Japanese GAAP
FYE Mar 2021	24.7	−8.7%	Cons. · Japanese GAAP
FYE Mar 2022	27.1	+10.0%	Cons. · Japanese GAAP
FYE Mar 2023	29.8	+9.9%	Cons. · Japanese GAAP
FYE Mar 2024	32.8	+9.9%	Cons. · Japanese GAAP
FYE Mar 2025	33.6	+2.4%	Cons. · Japanese GAAP
FYE Mar 2026	39.6	+17.9%	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 ¥127bn

CAGR · 10 yrs +2.3%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	104	n/a	Cons. · Japanese GAAP
FYE Mar 2018	105	+1.1%	Cons. · Japanese GAAP
FYE Mar 2019	115	+9.2%	Cons. · Japanese GAAP
FYE Mar 2020	95.2	−17.2%	Cons. · Japanese GAAP
FYE Mar 2021	2.1	−97.8%	Cons. · Japanese GAAP
FYE Mar 2022	39.2	+1798.0%	Cons. · Japanese GAAP
FYE Mar 2023	89.4	+127.9%	Cons. · Japanese GAAP
FYE Mar 2024	106	+18.3%	Cons. · Japanese GAAP
FYE Mar 2025	111	+4.9%	Cons. · Japanese GAAP
FYE Mar 2026	127	+14.7%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥23bn

CAGR · 10 yrs +7.7%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	11.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.8	+8.5%	Cons. · Japanese GAAP
FYE Mar 2019	9.4	−26.7%	Cons. · Japanese GAAP
FYE Mar 2020	7.3	−21.8%	Cons. · Japanese GAAP
FYE Mar 2021	3.6	−51.3%	Cons. · Japanese GAAP
FYE Mar 2022	10.9	+204.7%	Cons. · Japanese GAAP
FYE Mar 2023	12.1	+11.6%	Cons. · Japanese GAAP
FYE Mar 2024	19.4	+59.8%	Cons. · Japanese GAAP
FYE Mar 2025	19.7	+1.6%	Cons. · Japanese GAAP
FYE Mar 2026	23.0	+16.7%	Cons. · Japanese GAAP

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

Non-operating expenses

FYE Mar 2026 ¥26bn

CAGR · 10 yrs +5.9%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	15.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.2	−6.6%	Cons. · Japanese GAAP
FYE Mar 2019	13.8	−3.2%	Cons. · Japanese GAAP
FYE Mar 2020	13.7	−0.5%	Cons. · Japanese GAAP
FYE Mar 2021	13.3	−3.2%	Cons. · Japanese GAAP
FYE Mar 2022	11.6	−12.2%	Cons. · Japanese GAAP
FYE Mar 2023	13.1	+12.1%	Cons. · Japanese GAAP
FYE Mar 2024	15.7	+20.0%	Cons. · Japanese GAAP
FYE Mar 2025	19.4	+23.5%	Cons. · Japanese GAAP
FYE Mar 2026	25.6	+32.3%	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 ¥125bn

CAGR · 10 yrs +2.4%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	101	n/a	Cons. · Japanese GAAP
FYE Mar 2018	104	+3.1%	Cons. · Japanese GAAP
FYE Mar 2019	111	+6.5%	Cons. · Japanese GAAP
FYE Mar 2020	88.8	−19.7%	Cons. · Japanese GAAP
FYE Mar 2021	-7.6	−108.6%	Cons. · Japanese GAAP
FYE Mar 2022	38.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	88.4	+130.0%	Cons. · Japanese GAAP
FYE Mar 2024	109	+23.7%	Cons. · Japanese GAAP
FYE Mar 2025	111	+1.7%	Cons. · Japanese GAAP
FYE Mar 2026	125	+12.0%	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 ¥12bn

CAGR · 10 yrs +12.6%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	4.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.2	+726.5%	Cons. · Japanese GAAP
FYE Mar 2019	7.2	−79.5%	Cons. · Japanese GAAP
FYE Mar 2020	6.0	−16.4%	Cons. · Japanese GAAP
FYE Mar 2021	13.2	+118.1%	Cons. · Japanese GAAP
FYE Mar 2022	43.0	+226.3%	Cons. · Japanese GAAP
FYE Mar 2023	7.9	−81.6%	Cons. · Japanese GAAP
FYE Mar 2024	33.1	+318.0%	Cons. · Japanese GAAP
FYE Mar 2025	6.0	−82.0%	Cons. · Japanese GAAP
FYE Mar 2026	12.4	+107.7%	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 ¥79bn

CAGR · 10 yrs +1.1%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	71.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	66.4	−6.9%	Cons. · Japanese GAAP
FYE Mar 2019	65.5	−1.3%	Cons. · Japanese GAAP
FYE Mar 2020	54.9	−16.2%	Cons. · Japanese GAAP
FYE Mar 2021	-36.7	−166.9%	Cons. · Japanese GAAP
FYE Mar 2022	21.4	n/a	Cons. · Japanese GAAP
FYE Mar 2023	47.0	+119.2%	Cons. · Japanese GAAP
FYE Mar 2024	67.8	+44.3%	Cons. · Japanese GAAP
FYE Mar 2025	67.4	−0.6%	Cons. · Japanese GAAP
FYE Mar 2026	78.5	+16.5%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 13.9%

Average · 10 yrs 13.6%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	18.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.7	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	17.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	16.0	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	4.7	−11.3pp	Cons. · Japanese GAAP
FYE Mar 2022	8.9	+4.2pp	Cons. · Japanese GAAP
FYE Mar 2023	12.3	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2024	13.9	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2025	13.1	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	13.9	+0.8pp	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 10.6%

Average · 10 yrs 10.1%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	14.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.8	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	14.5	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	12.5	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2021	0.4	−12.1pp	Cons. · Japanese GAAP
FYE Mar 2022	5.3	+4.9pp	Cons. · Japanese GAAP
FYE Mar 2023	9.2	+4.0pp	Cons. · Japanese GAAP
FYE Mar 2024	10.6	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2025	10.0	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	10.6	+0.5pp	Cons. · Japanese GAAP

Definition: The share of revenue the core business keeps
Formula: Operating profit ÷ revenue
Source: Securities report (XBRL)

Ordinary margin

FYE Mar 2026 10.3%

Average · 10 yrs 9.7%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	13.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	14.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	11.6	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2021	-1.3	−13.0pp	Cons. · Japanese GAAP
FYE Mar 2022	5.2	+6.5pp	Cons. · Japanese GAAP
FYE Mar 2023	9.1	+4.0pp	Cons. · Japanese GAAP
FYE Mar 2024	11.0	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2025	10.1	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	10.3	+0.3pp	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 6.5%

Average · 10 yrs 5.5%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	9.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.7	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2019	8.3	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	7.2	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2021	-6.5	−13.6pp	Cons. · Japanese GAAP
FYE Mar 2022	2.9	+9.3pp	Cons. · Japanese GAAP
FYE Mar 2023	4.8	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2024	6.8	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2025	6.1	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2026	6.5	+0.4pp	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 86.1%

Average · 10 yrs 86.4%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	81.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	82.3	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	82.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	84.0	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2021	95.3	+11.3pp	Cons. · Japanese GAAP
FYE Mar 2022	91.1	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2023	87.7	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2024	86.1	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2025	86.9	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	86.1	−0.8pp	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 3.3%

Average · 10 yrs 3.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	4.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.9	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	3.3	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	3.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	4.3	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2022	3.6	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	3.1	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	3.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	3.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	3.3	+0.3pp	Cons. · Japanese GAAP

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio Debt-to-equity

Total assets

FYE Mar 2026 ¥3.54tn

CAGR · 10 yrs +4.7%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	2,350	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,405	+2.3%	Cons. · Japanese GAAP
FYE Mar 2019	2,466	+2.5%	Cons. · Japanese GAAP
FYE Mar 2020	2,489	+0.9%	Cons. · Japanese GAAP
FYE Mar 2021	2,621	+5.3%	Cons. · Japanese GAAP
FYE Mar 2022	2,723	+3.9%	Cons. · Japanese GAAP
FYE Mar 2023	2,865	+5.2%	Cons. · Japanese GAAP
FYE Mar 2024	3,053	+6.5%	Cons. · Japanese GAAP
FYE Mar 2025	3,283	+7.6%	Cons. · Japanese GAAP
FYE Mar 2026	3,544	+7.9%	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 ¥1.10tn

CAGR · 10 yrs +3.8%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	787	n/a	Cons. · Japanese GAAP
FYE Mar 2018	838	+6.4%	Cons. · Japanese GAAP
FYE Mar 2019	885	+5.6%	Cons. · Japanese GAAP
FYE Mar 2020	906	+2.3%	Cons. · Japanese GAAP
FYE Mar 2021	867	−4.3%	Cons. · Japanese GAAP
FYE Mar 2022	870	+0.4%	Cons. · Japanese GAAP
FYE Mar 2023	907	+4.2%	Cons. · Japanese GAAP
FYE Mar 2024	979	+7.9%	Cons. · Japanese GAAP
FYE Mar 2025	1,036	+5.8%	Cons. · Japanese GAAP
FYE Mar 2026	1,104	+6.6%	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 ¥1.11tn

CAGR · 10 yrs +3.8%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	789	n/a	Cons. · Japanese GAAP
FYE Mar 2018	767	−2.7%	Cons. · Japanese GAAP
FYE Mar 2019	758	−1.2%	Cons. · Japanese GAAP
FYE Mar 2020	773	+2.0%	Cons. · Japanese GAAP
FYE Mar 2021	825	+6.6%	Cons. · Japanese GAAP
FYE Mar 2022	795	−3.6%	Cons. · Japanese GAAP
FYE Mar 2023	823	+3.4%	Cons. · Japanese GAAP
FYE Mar 2024	896	+8.9%	Cons. · Japanese GAAP
FYE Mar 2025	943	+5.3%	Cons. · Japanese GAAP
FYE Mar 2026	1,107	+17.3%	Cons. · Japanese GAAP

Definition: Borrowings the company pays interest on
Formula: Loans + bonds + lease obligations
Source: Securities report (XBRL)

Short-term borrowings

FYE Mar 2026 ¥227bn

CAGR · 10 yrs +2.7%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	178	n/a	Cons. · Japanese GAAP
FYE Mar 2018	142	−20.4%	Cons. · Japanese GAAP
FYE Mar 2019	137	−3.6%	Cons. · Japanese GAAP
FYE Mar 2020	158	+15.6%	Cons. · Japanese GAAP
FYE Mar 2021	151	−4.5%	Cons. · Japanese GAAP
FYE Mar 2022	146	−3.6%	Cons. · Japanese GAAP
FYE Mar 2023	188	+29.0%	Cons. · Japanese GAAP
FYE Mar 2024	190	+1.0%	Cons. · Japanese GAAP
FYE Mar 2025	169	−10.8%	Cons. · Japanese GAAP
FYE Mar 2026	227	+34.2%	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 ¥880bn

CAGR · 10 yrs +4.1%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	611	n/a	Cons. · Japanese GAAP
FYE Mar 2018	625	+2.4%	Cons. · Japanese GAAP
FYE Mar 2019	621	−0.6%	Cons. · Japanese GAAP
FYE Mar 2020	615	−1.0%	Cons. · Japanese GAAP
FYE Mar 2021	673	+9.5%	Cons. · Japanese GAAP
FYE Mar 2022	649	−3.6%	Cons. · Japanese GAAP
FYE Mar 2023	635	−2.3%	Cons. · Japanese GAAP
FYE Mar 2024	706	+11.2%	Cons. · Japanese GAAP
FYE Mar 2025	774	+9.7%	Cons. · Japanese GAAP
FYE Mar 2026	880	+13.7%	Cons. · Japanese GAAP

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

Intangible assets

FYE Mar 2026 ¥46bn

CAGR · 10 yrs +2.4%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	37.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.2	−5.6%	Cons. · Japanese GAAP
FYE Mar 2019	35.7	+1.5%	Cons. · Japanese GAAP
FYE Mar 2020	36.6	+2.3%	Cons. · Japanese GAAP
FYE Mar 2021	33.9	−7.2%	Cons. · Japanese GAAP
FYE Mar 2022	37.5	+10.6%	Cons. · Japanese GAAP
FYE Mar 2023	35.5	−5.4%	Cons. · Japanese GAAP
FYE Mar 2024	36.3	+2.3%	Cons. · Japanese GAAP
FYE Mar 2025	43.2	+19.0%	Cons. · Japanese GAAP
FYE Mar 2026	46.3	+7.1%	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 n/a

CAGR · 7 yrs −16.0%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	20.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	18.5	−11.4%	Cons. · Japanese GAAP
FYE Mar 2019	16.2	−12.2%	Cons. · Japanese GAAP
FYE Mar 2020	14.2	−12.3%	Cons. · Japanese GAAP
FYE Mar 2021	12.0	−15.5%	Cons. · Japanese GAAP
FYE Mar 2022	9.7	−19.6%	Cons. · Japanese GAAP
FYE Mar 2023	7.3	−24.0%	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	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 31.2%

Average · 10 yrs 33.2%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	33.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	34.8	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	35.9	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2020	36.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	33.1	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2022	32.0	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	31.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	32.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	31.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	31.2	−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 100.3%

Average · 10 yrs 92.3%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	100.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	91.6	−8.6pp	Cons. · Japanese GAAP
FYE Mar 2019	85.7	−5.9pp	Cons. · Japanese GAAP
FYE Mar 2020	85.4	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	95.1	+9.7pp	Cons. · Japanese GAAP
FYE Mar 2022	91.4	−3.7pp	Cons. · Japanese GAAP
FYE Mar 2023	90.7	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	91.5	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2025	91.1	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	100.3	+9.2pp	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 7.1%

Average · 10 yrs 5.4%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	9.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.9	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	7.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	6.1	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2021	-4.2	−10.3pp	Cons. · Japanese GAAP
FYE Mar 2022	2.5	+6.7pp	Cons. · Japanese GAAP
FYE Mar 2023	5.2	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2024	6.9	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2025	6.5	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	7.1	+0.6pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 2.2%

Average · 10 yrs 1.8%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.8	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	2.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	2.2	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	-1.4	−3.6pp	Cons. · Japanese GAAP
FYE Mar 2022	0.8	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2023	1.6	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	2.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	2.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	2.2	+0.2pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.34×

CAGR · 10 yrs +0.9%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.31	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.32	+0.8%	Cons. · Japanese GAAP
FYE Mar 2019	0.32	+1.5%	Cons. · Japanese GAAP
FYE Mar 2020	0.31	−4.5%	Cons. · Japanese GAAP
FYE Mar 2021	0.22	−29.2%	Cons. · Japanese GAAP
FYE Mar 2022	0.27	+26.3%	Cons. · Japanese GAAP
FYE Mar 2023	0.34	+23.3%	Cons. · Japanese GAAP
FYE Mar 2024	0.33	−3.3%	Cons. · Japanese GAAP
FYE Mar 2025	0.34	+3.2%	Cons. · Japanese GAAP
FYE Mar 2026	0.34	+0.8%	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 ¥52bn

CAGR · 10 yrs −8.6%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	116	n/a	Cons. · Japanese GAAP
FYE Mar 2018	136	+17.5%	Cons. · Japanese GAAP
FYE Mar 2019	126	−7.2%	Cons. · Japanese GAAP
FYE Mar 2020	123	−2.3%	Cons. · Japanese GAAP
FYE Mar 2021	-32.5	−126.4%	Cons. · Japanese GAAP
FYE Mar 2022	81.8	n/a	Cons. · Japanese GAAP
FYE Mar 2023	132	+61.4%	Cons. · Japanese GAAP
FYE Mar 2024	124	−6.5%	Cons. · Japanese GAAP
FYE Mar 2025	87.4	−29.2%	Cons. · Japanese GAAP
FYE Mar 2026	51.7	−40.9%	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 -¥163bn

Average · 10 yrs -¥120bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-84.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-88.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-116	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-128	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-102	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-96.4	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-113	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-141	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-168	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-163	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 ¥123bn

Average · 10 yrs ¥29bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-30.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-43.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-11.2	n/a	Cons. · Japanese GAAP
FYE Mar 2020	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	135	+13865.9%	Cons. · Japanese GAAP
FYE Mar 2022	15.1	−88.8%	Cons. · Japanese GAAP
FYE Mar 2023	-9.0	−159.3%	Cons. · Japanese GAAP
FYE Mar 2024	28.5	n/a	Cons. · Japanese GAAP
FYE Mar 2025	79.5	+179.2%	Cons. · Japanese GAAP
FYE Mar 2026	123	+54.4%	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 ¥70bn

CAGR · 10 yrs +13.3%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	22.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.5	+22.1%	Cons. · Japanese GAAP
FYE Mar 2019	27.6	+0.3%	Cons. · Japanese GAAP
FYE Mar 2020	23.5	−14.7%	Cons. · Japanese GAAP
FYE Mar 2021	25.2	+7.2%	Cons. · Japanese GAAP
FYE Mar 2022	29.4	+16.7%	Cons. · Japanese GAAP
FYE Mar 2023	41.4	+40.6%	Cons. · Japanese GAAP
FYE Mar 2024	53.8	+30.0%	Cons. · Japanese GAAP
FYE Mar 2025	56.0	+4.1%	Cons. · Japanese GAAP
FYE Mar 2026	69.6	+24.2%	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 -¥111bn

Average · 10 yrs -¥26bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	30.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	47.5	+54.2%	Cons. · Japanese GAAP
FYE Mar 2019	9.9	−79.2%	Cons. · Japanese GAAP
FYE Mar 2020	-5.4	−154.8%	Cons. · Japanese GAAP
FYE Mar 2021	-135	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-14.6	n/a	Cons. · Japanese GAAP
FYE Mar 2023	18.9	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-17.8	−194.3%	Cons. · Japanese GAAP
FYE Mar 2025	-80.2	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-111	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 4.3%

Average · 10 yrs 10.9%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	15.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	17.9	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2019	15.9	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	16.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	-5.7	−21.9pp	Cons. · Japanese GAAP
FYE Mar 2022	11.0	+16.7pp	Cons. · Japanese GAAP
FYE Mar 2023	13.6	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2024	12.4	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2025	7.9	−4.5pp	Cons. · Japanese GAAP
FYE Mar 2026	4.3	−3.6pp	Cons. · Japanese GAAP

Definition: How much of the revenue turned into cash
Formula: Operating cash flow ÷ revenue
Source: Securities report (XBRL)

Net cash

FYE Mar 2026 -¥1.04tn

Average · 10 yrs -¥810bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-766	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-740	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-731	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-750	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-799	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-766	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-781	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-842	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-887	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-1,037	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 ¥1.15tn

Change · 9 yrs +¥224bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	921	n/a
FYE Mar 2018	1,003	n/a
FYE Mar 2019	1,055	n/a
FYE Mar 2020	925	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	901	n/a
FYE Mar 2023	998	n/a
FYE Mar 2024	1,118	n/a
FYE Mar 2025	1,018	n/a
FYE Mar 2026	1,145	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 4,553¥

Change · 9 yrs +932¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	3,621	n/a
FYE Mar 2018	3,946	n/a
FYE Mar 2019	4,150	n/a
FYE Mar 2020	3,636	n/a
FYE Mar 2021	n/a	n/a
FYE Mar 2022	3,545	n/a
FYE Mar 2023	3,925	n/a
FYE Mar 2024	4,395	n/a
FYE Mar 2025	4,024	n/a
FYE Mar 2026	4,553	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 251,498,000shares

Change · 10 yrs −2,783,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	254,281,000	Parent
FYE Mar 2018	254,281,000	Parent
FYE Mar 2019	254,281,000	Parent
FYE Mar 2020	254,281,000	Parent
FYE Mar 2021	254,281,000	Parent
FYE Mar 2022	254,281,000	Parent
FYE Mar 2023	254,281,000	Parent
FYE Mar 2024	254,281,000	Parent
FYE Mar 2025	253,008,000	Parent
FYE Mar 2026	251,498,000	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 330.42¥

Change · 10 yrs +45.31¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	285.11	Cons.
FYE Mar 2018	267.91	Cons.
FYE Mar 2019	266.86	Cons.
FYE Mar 2020	225.69	Cons.
FYE Mar 2021	-151.72	Cons.
FYE Mar 2022	88.89	Cons.
FYE Mar 2023	194.88	Cons.
FYE Mar 2024	281.73	Cons.
FYE Mar 2025	281.77	Cons.
FYE Mar 2026	330.42	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 4,389.49¥

Change · 10 yrs +1,292.74¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	3,096.76	Cons. · Japanese GAAP
FYE Mar 2018	3,294.49	Cons. · Japanese GAAP
FYE Mar 2019	3,479.87	Cons. · Japanese GAAP
FYE Mar 2020	3,561.60	Cons. · Japanese GAAP
FYE Mar 2021	3,410.21	Cons. · Japanese GAAP
FYE Mar 2022	3,422.78	Cons. · Japanese GAAP
FYE Mar 2023	3,566.15	Cons. · Japanese GAAP
FYE Mar 2024	3,849.28	Cons. · Japanese GAAP
FYE Mar 2025	4,094.31	Cons. · Japanese GAAP
FYE Mar 2026	4,389.49	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 13.78×

Average · 9 yrs 18.09×

Fiscal year	PER ×	Basis
FYE Mar 2017	12.70	Cons.
FYE Mar 2018	14.73	Cons.
FYE Mar 2019	15.55	Cons.
FYE Mar 2020	16.11	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	39.88	Cons.
FYE Mar 2023	20.14	Cons.
FYE Mar 2024	15.60	Cons.
FYE Mar 2025	14.28	Cons.
FYE Mar 2026	13.78	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 0.98×

Average · 9 yrs 1.05×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.15	Cons.
FYE Mar 2018	1.16	Cons.
FYE Mar 2019	1.15	Cons.
FYE Mar 2020	0.97	Cons.
FYE Mar 2021	n/a	Cons.
FYE Mar 2022	0.98	Cons.
FYE Mar 2023	1.04	Cons.
FYE Mar 2024	1.08	Cons.
FYE Mar 2025	0.93	Cons.
FYE Mar 2026	0.98	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 23,867people

Change · 10 yrs +2,007 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	21,860	n/a	Cons.
FYE Mar 2018	22,152	+1.3%	Cons.
FYE Mar 2019	22,654	+2.3%	Cons.
FYE Mar 2020	22,800	+0.6%	Cons.
FYE Mar 2021	23,192	+1.7%	Cons.
FYE Mar 2022	22,869	−1.4%	Cons.
FYE Mar 2023	22,527	−1.5%	Cons.
FYE Mar 2024	22,811	+1.3%	Cons.
FYE Mar 2025	23,033	+1.0%	Cons.
FYE Mar 2026	23,867	+3.6%	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 241people

Change · 10 yrs +179 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	62	n/a	Parent
FYE Mar 2018	86	+38.7%	Parent
FYE Mar 2019	168	+95.3%	Parent
FYE Mar 2020	167	−0.6%	Parent
FYE Mar 2021	187	+12.0%	Parent
FYE Mar 2022	204	+9.1%	Parent
FYE Mar 2023	219	+7.4%	Parent
FYE Mar 2024	231	+5.5%	Parent
FYE Mar 2025	229	−0.9%	Parent
FYE Mar 2026	241	+5.2%	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 920万円

Change · 8 yrs +43万円

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	877	n/a	Parent
FYE Mar 2020	880	+0.3%	Parent
FYE Mar 2021	864	−1.8%	Parent
FYE Mar 2022	819	−5.2%	Parent
FYE Mar 2023	829	+1.2%	Parent
FYE Mar 2024	871	+5.1%	Parent
FYE Mar 2025	900	+3.3%	Parent
FYE Mar 2026	920	+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 42.4years

Change · 8 yrs +1.1 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	41.3	n/a	Parent
FYE Mar 2020	41.8	+1.2%	Parent
FYE Mar 2021	42.7	+2.2%	Parent
FYE Mar 2022	42.9	+0.5%	Parent
FYE Mar 2023	43.1	+0.5%	Parent
FYE Mar 2024	43.3	+0.5%	Parent
FYE Mar 2025	42.9	−0.9%	Parent
FYE Mar 2026	42.4	−1.2%	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 17.5years

Change · 8 yrs −0.7 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	18.2	n/a	Parent
FYE Mar 2020	18.5	+1.6%	Parent
FYE Mar 2021	19.2	+3.8%	Parent
FYE Mar 2022	19.4	+1.0%	Parent
FYE Mar 2023	19.3	−0.5%	Parent
FYE Mar 2024	19.1	−1.0%	Parent
FYE Mar 2025	18.3	−4.2%	Parent
FYE Mar 2026	17.5	−4.4%	Parent

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

Temporary employees

FYE Mar 2026 7,857people

Change · 10 yrs −2,326 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	10,183	n/a	n/a
FYE Mar 2018	10,183	−0.0%	n/a
FYE Mar 2019	9,796	−3.8%	n/a
FYE Mar 2020	9,260	−5.5%	n/a
FYE Mar 2021	8,648	−6.6%	n/a
FYE Mar 2022	8,294	−4.1%	n/a
FYE Mar 2023	8,207	−1.0%	n/a
FYE Mar 2024	8,138	−0.8%	n/a
FYE Mar 2025	8,037	−1.2%	n/a
FYE Mar 2026	7,857	−2.2%	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 ¥50.4m

Change · 10 yrs +¥16.7m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	33.7	n/a	Cons.
FYE Mar 2018	34.3	+1.8%	Cons.
FYE Mar 2019	34.9	+1.8%	Cons.
FYE Mar 2020	33.4	−4.3%	Cons.
FYE Mar 2021	24.5	−26.7%	Cons.
FYE Mar 2022	32.6	+33.0%	Cons.
FYE Mar 2023	43.0	+31.7%	Cons.
FYE Mar 2024	43.7	+1.7%	Cons.
FYE Mar 2025	48.1	+9.9%	Cons.
FYE Mar 2026	50.4	+4.9%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥5.3m

Change · 10 yrs +¥0.6m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	4.8	n/a	Cons.
FYE Mar 2018	4.7	−0.2%	Cons.
FYE Mar 2019	5.1	+6.8%	Cons.
FYE Mar 2020	4.2	−17.7%	Cons.
FYE Mar 2021	0.1	−97.9%	Cons.
FYE Mar 2022	1.7	+1824.8%	Cons.
FYE Mar 2023	4.0	+131.3%	Cons.
FYE Mar 2024	4.6	+16.8%	Cons.
FYE Mar 2025	4.8	+3.9%	Cons.
FYE Mar 2026	5.3	+10.7%	Cons.

Definition: What each employee accounts for in operating profit
Formula: Operating profit ÷ group employees
Source: Securities report (XBRL)

Disclaimer

Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.

Accuracy, liability, reuse and privacy — the full disclaimer →

Data API

Hankyu Hanshin Holdings’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/9042/company.json ·/api/9042/history.json ·/api/9042/ceo.json ·/api/9042/financials.json ·/api/9042/financials/segment.json ·/api/9042/financials/pl.json ·/api/9042/financials/cf.json ·/api/9042/financials/bs.json ·/api/9042/financials/employee.json ·/api/9042/financials/stock.json ·/api/9042/financials.csv ·/api/9042/financials_history.csv

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