Financials

Mitsui O.S.K. Lines: FYE Mar 2026 and ten years of results (51 metrics)

FYE Mar 2026 · Revenue¥1.83tnYoY +2.8%

FYE Mar 2026 · Operating profit¥127bnYoY −15.8%

FYE Mar 2026 · Net profit¥213bnYoY −49.9%

FYE Mar 2026 · Equity ratio48.2%YoY −5.7pp

FYE Mar 2026 · Group employees11,567YoY +1,067

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥1.50tn	n/a	¥2.6bn	n/a	0.2%	¥5.3bn	Ikeda Junichiro	Three Japanese lines agree to combine container operations
FYE Mar 2018Consolidated	¥1.65tn	+9.8%	¥23bn	+786.8%	1.4%	-¥47bn	Ikeda Junichiro	—
FYE Mar 2019Consolidated	¥1.23tn	−25.3%	¥38bn	+66.3%	3.1%	¥27bn	Ikeda Junichiro	ONE begins service; containers move to equity accounting
FYE Mar 2020Consolidated	¥1.16tn	−6.4%	¥24bn	−37.0%	2.1%	¥33bn	Ikeda Junichiro	—
FYE Mar 2021Consolidated	¥991bn	−14.2%	-¥5.3bn	−122.3%	-0.5%	¥90bn	Ikeda Junichiro	—
FYE Mar 2022Consolidated	¥1.27tn	+28.0%	¥55bn	n/a	4.3%	¥709bn	Ikeda Junichiro	—
FYE Mar 2023Consolidated	¥1.61tn	+27.0%	¥109bn	+97.6%	6.7%	¥796bn	Hashimoto Tsuyoshi	Ordinary profit of ¥721.7bn, mostly equity income from ONE
FYE Mar 2024Consolidated	¥1.63tn	+1.0%	¥103bn	−5.1%	6.3%	¥262bn	Hashimoto Tsuyoshi	BLUE ACTION 2035 — LNG, FSRUs and offshore wind
FYE Mar 2025Consolidated	¥1.78tn	+9.1%	¥151bn	+46.3%	8.5%	¥425bn	Hashimoto Tsuyoshi	—
FYE Mar 2026Consolidated	¥1.83tn	+2.8%	¥127bn	−15.8%	7.0%	¥213bn	Hashimoto Tsuyoshi	—

How it compares

Nippon Yusen (NYK Line)¥2.42tnFY2025Operating margin 5.7%

Mitsui O.S.K. Lines¥1.83tnFY2025Operating margin 7.0%

Kawasaki Kisen (K Line)¥1.02tnFY2025Operating margin 8.3%NS United Kaiun¥230bnFY2025Operating margin 8.9%Iino Kaiun¥127bnFY2025Operating margin 10.6%

The Sanko Steamship Co., Ltd.Delisted 1985

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 ¥1.83tn

CAGR · 10 yrs +2.2%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	1,504	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,652	+9.8%	Cons. · Japanese GAAP
FYE Mar 2019	1,234	−25.3%	Cons. · Japanese GAAP
FYE Mar 2020	1,155	−6.4%	Cons. · Japanese GAAP
FYE Mar 2021	991	−14.2%	Cons. · Japanese GAAP
FYE Mar 2022	1,269	+28.0%	Cons. · Japanese GAAP
FYE Mar 2023	1,612	+27.0%	Cons. · Japanese GAAP
FYE Mar 2024	1,628	+1.0%	Cons. · Japanese GAAP
FYE Mar 2025	1,775	+9.1%	Cons. · Japanese GAAP
FYE Mar 2026	1,825	+2.8%	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 ¥1.50tn

CAGR · 10 yrs +0.8%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	1,388	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,514	+9.0%	Cons. · Japanese GAAP
FYE Mar 2019	1,095	−27.7%	Cons. · Japanese GAAP
FYE Mar 2020	1,036	−5.4%	Cons. · Japanese GAAP
FYE Mar 2021	911	−12.0%	Cons. · Japanese GAAP
FYE Mar 2022	1,117	+22.6%	Cons. · Japanese GAAP
FYE Mar 2023	1,377	+23.2%	Cons. · Japanese GAAP
FYE Mar 2024	1,379	+0.2%	Cons. · Japanese GAAP
FYE Mar 2025	1,458	+5.7%	Cons. · Japanese GAAP
FYE Mar 2026	1,498	+2.7%	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 ¥328bn

CAGR · 10 yrs +12.2%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	116	n/a	Cons. · Japanese GAAP
FYE Mar 2018	139	+19.4%	Cons. · Japanese GAAP
FYE Mar 2019	139	+0.4%	Cons. · Japanese GAAP
FYE Mar 2020	120	−14.0%	Cons. · Japanese GAAP
FYE Mar 2021	80.4	−32.8%	Cons. · Japanese GAAP
FYE Mar 2022	152	+89.0%	Cons. · Japanese GAAP
FYE Mar 2023	235	+55.0%	Cons. · Japanese GAAP
FYE Mar 2024	249	+5.7%	Cons. · Japanese GAAP
FYE Mar 2025	318	+27.6%	Cons. · Japanese GAAP
FYE Mar 2026	328	+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 ¥201bn

CAGR · 10 yrs +6.5%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	114	n/a	Cons. · Japanese GAAP
FYE Mar 2018	116	+2.1%	Cons. · Japanese GAAP
FYE Mar 2019	101	−12.5%	Cons. · Japanese GAAP
FYE Mar 2020	95.9	−5.5%	Cons. · Japanese GAAP
FYE Mar 2021	85.7	−10.6%	Cons. · Japanese GAAP
FYE Mar 2022	96.9	+13.1%	Cons. · Japanese GAAP
FYE Mar 2023	127	+30.8%	Cons. · Japanese GAAP
FYE Mar 2024	146	+15.0%	Cons. · Japanese GAAP
FYE Mar 2025	167	+14.4%	Cons. · Japanese GAAP
FYE Mar 2026	201	+20.2%	Cons. · Japanese GAAP

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

Operating profit

FYE Mar 2026 ¥127bn

CAGR · 10 yrs +54.3%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	2.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.7	+786.8%	Cons. · Japanese GAAP
FYE Mar 2019	37.7	+66.3%	Cons. · Japanese GAAP
FYE Mar 2020	23.8	−37.0%	Cons. · Japanese GAAP
FYE Mar 2021	-5.3	−122.3%	Cons. · Japanese GAAP
FYE Mar 2022	55.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	109	+97.6%	Cons. · Japanese GAAP
FYE Mar 2024	103	−5.1%	Cons. · Japanese GAAP
FYE Mar 2025	151	+46.3%	Cons. · Japanese GAAP
FYE Mar 2026	127	−15.8%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥99bn

CAGR · 10 yrs +9.1%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	45.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.4	−22.3%	Cons. · Japanese GAAP
FYE Mar 2019	32.7	−7.8%	Cons. · Japanese GAAP
FYE Mar 2020	50.0	+53.0%	Cons. · Japanese GAAP
FYE Mar 2021	161	+223.0%	Cons. · Japanese GAAP
FYE Mar 2022	683	+323.3%	Cons. · Japanese GAAP
FYE Mar 2023	726	+6.3%	Cons. · Japanese GAAP
FYE Mar 2024	178	−75.5%	Cons. · Japanese GAAP
FYE Mar 2025	297	+66.5%	Cons. · Japanese GAAP
FYE Mar 2026	99.4	−66.5%	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 ¥51bn

CAGR · 10 yrs +9.3%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	22.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	26.6	+17.4%	Cons. · Japanese GAAP
FYE Mar 2019	31.8	+19.5%	Cons. · Japanese GAAP
FYE Mar 2020	18.7	−41.3%	Cons. · Japanese GAAP
FYE Mar 2021	22.5	+20.6%	Cons. · Japanese GAAP
FYE Mar 2022	16.4	−26.9%	Cons. · Japanese GAAP
FYE Mar 2023	23.5	+43.2%	Cons. · Japanese GAAP
FYE Mar 2024	22.2	−5.5%	Cons. · Japanese GAAP
FYE Mar 2025	27.7	+24.8%	Cons. · Japanese GAAP
FYE Mar 2026	50.5	+82.1%	Cons. · Japanese GAAP

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

Ordinary profit keijo rieki

FYE Mar 2026 ¥176bn

CAGR · 10 yrs +24.0%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	25.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	31.5	+23.8%	Cons. · Japanese GAAP
FYE Mar 2019	38.6	+22.6%	Cons. · Japanese GAAP
FYE Mar 2020	55.1	+42.8%	Cons. · Japanese GAAP
FYE Mar 2021	134	+142.5%	Cons. · Japanese GAAP
FYE Mar 2022	722	+440.2%	Cons. · Japanese GAAP
FYE Mar 2023	812	+12.4%	Cons. · Japanese GAAP
FYE Mar 2024	259	−68.1%	Cons. · Japanese GAAP
FYE Mar 2025	420	+62.1%	Cons. · Japanese GAAP
FYE Mar 2026	176	−58.1%	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 ¥82bn

CAGR · 10 yrs +9.8%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	35.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.6	−38.7%	Cons. · Japanese GAAP
FYE Mar 2019	14.4	−33.1%	Cons. · Japanese GAAP
FYE Mar 2020	16.1	+11.7%	Cons. · Japanese GAAP
FYE Mar 2021	16.9	+4.9%	Cons. · Japanese GAAP
FYE Mar 2022	23.8	+40.8%	Cons. · Japanese GAAP
FYE Mar 2023	26.0	+9.3%	Cons. · Japanese GAAP
FYE Mar 2024	41.7	+60.2%	Cons. · Japanese GAAP
FYE Mar 2025	49.2	+18.2%	Cons. · Japanese GAAP
FYE Mar 2026	81.7	+66.0%	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 ¥213bn

CAGR · 10 yrs +50.9%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	5.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-47.4	−1001.3%	Cons. · Japanese GAAP
FYE Mar 2019	26.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	32.6	+21.4%	Cons. · Japanese GAAP
FYE Mar 2021	90.1	+176.0%	Cons. · Japanese GAAP
FYE Mar 2022	709	+687.1%	Cons. · Japanese GAAP
FYE Mar 2023	796	+12.3%	Cons. · Japanese GAAP
FYE Mar 2024	262	−67.1%	Cons. · Japanese GAAP
FYE Mar 2025	425	+62.6%	Cons. · Japanese GAAP
FYE Mar 2026	213	−49.9%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 17.9%

Average · 10 yrs 12.4%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	8.4	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	11.3	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2020	10.4	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	8.1	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2022	12.0	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2023	14.6	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2024	15.3	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	17.9	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2026	17.9	+0.1pp	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 7.0%

Average · 10 yrs 3.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.4	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	3.1	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	2.1	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	-0.5	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2022	4.3	+4.9pp	Cons. · Japanese GAAP
FYE Mar 2023	6.7	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2024	6.3	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	8.5	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2026	7.0	−1.5pp	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 9.6%

Average · 10 yrs 18.1%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.9	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	3.1	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	4.8	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	13.5	+8.7pp	Cons. · Japanese GAAP
FYE Mar 2022	56.9	+43.4pp	Cons. · Japanese GAAP
FYE Mar 2023	50.3	−6.5pp	Cons. · Japanese GAAP
FYE Mar 2024	15.9	−34.4pp	Cons. · Japanese GAAP
FYE Mar 2025	23.6	+7.7pp	Cons. · Japanese GAAP
FYE Mar 2026	9.6	−14.0pp	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 11.7%

Average · 10 yrs 16.9%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-2.9	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2019	2.2	+5.0pp	Cons. · Japanese GAAP
FYE Mar 2020	2.8	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	9.1	+6.3pp	Cons. · Japanese GAAP
FYE Mar 2022	55.8	+46.8pp	Cons. · Japanese GAAP
FYE Mar 2023	49.4	−6.5pp	Cons. · Japanese GAAP
FYE Mar 2024	16.1	−33.3pp	Cons. · Japanese GAAP
FYE Mar 2025	24.0	+7.9pp	Cons. · Japanese GAAP
FYE Mar 2026	11.7	−12.3pp	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 82.1%

Average · 10 yrs 87.6%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	92.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	91.6	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2019	88.7	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2020	89.6	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	91.9	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2022	88.0	−3.9pp	Cons. · Japanese GAAP
FYE Mar 2023	85.4	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2024	84.7	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	82.1	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2026	82.1	−0.1pp	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 11.0%

Average · 10 yrs 8.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	7.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.0	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	8.2	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2020	8.3	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	8.6	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	7.6	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	7.9	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	9.0	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	9.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	11.0	+1.6pp	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 ¥5.96tn

CAGR · 10 yrs +11.6%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	2,218	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,225	+0.3%	Cons. · Japanese GAAP
FYE Mar 2019	2,134	−4.1%	Cons. · Japanese GAAP
FYE Mar 2020	2,099	−1.7%	Cons. · Japanese GAAP
FYE Mar 2021	2,096	−0.2%	Cons. · Japanese GAAP
FYE Mar 2022	2,687	+28.2%	Cons. · Japanese GAAP
FYE Mar 2023	3,564	+32.7%	Cons. · Japanese GAAP
FYE Mar 2024	4,122	+15.7%	Cons. · Japanese GAAP
FYE Mar 2025	4,984	+20.9%	Cons. · Japanese GAAP
FYE Mar 2026	5,962	+19.6%	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 ¥2.87tn

CAGR · 10 yrs +19.6%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	574	n/a	Cons. · Japanese GAAP
FYE Mar 2018	513	−10.6%	Cons. · Japanese GAAP
FYE Mar 2019	527	+2.6%	Cons. · Japanese GAAP
FYE Mar 2020	515	−2.3%	Cons. · Japanese GAAP
FYE Mar 2021	579	+12.5%	Cons. · Japanese GAAP
FYE Mar 2022	1,275	+120.2%	Cons. · Japanese GAAP
FYE Mar 2023	1,926	+51.0%	Cons. · Japanese GAAP
FYE Mar 2024	2,354	+22.2%	Cons. · Japanese GAAP
FYE Mar 2025	2,687	+14.1%	Cons. · Japanese GAAP
FYE Mar 2026	2,874	+7.0%	Cons. · Japanese GAAP

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

Interest-bearing debt

FYE Mar 2026 ¥2.02tn

CAGR · 10 yrs +9.8%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	871	n/a	Cons. · Japanese GAAP
FYE Mar 2018	887	+1.9%	Cons. · Japanese GAAP
FYE Mar 2019	853	−3.8%	Cons. · Japanese GAAP
FYE Mar 2020	835	−2.1%	Cons. · Japanese GAAP
FYE Mar 2021	790	−5.5%	Cons. · Japanese GAAP
FYE Mar 2022	767	−2.9%	Cons. · Japanese GAAP
FYE Mar 2023	864	+12.6%	Cons. · Japanese GAAP
FYE Mar 2024	956	+10.6%	Cons. · Japanese GAAP
FYE Mar 2025	1,474	+54.2%	Cons. · Japanese GAAP
FYE Mar 2026	2,017	+36.9%	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 ¥293bn

CAGR · 10 yrs +8.3%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	143	n/a	Cons. · Japanese GAAP
FYE Mar 2018	251	+75.2%	Cons. · Japanese GAAP
FYE Mar 2019	274	+9.4%	Cons. · Japanese GAAP
FYE Mar 2020	181	−33.9%	Cons. · Japanese GAAP
FYE Mar 2021	207	+14.0%	Cons. · Japanese GAAP
FYE Mar 2022	213	+3.3%	Cons. · Japanese GAAP
FYE Mar 2023	621	+190.8%	Cons. · Japanese GAAP
FYE Mar 2024	206	−66.7%	Cons. · Japanese GAAP
FYE Mar 2025	131	−36.7%	Cons. · Japanese GAAP
FYE Mar 2026	293	+124.2%	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 ¥1.72tn

CAGR · 10 yrs +12.1%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	619	n/a	Cons. · Japanese GAAP
FYE Mar 2018	580	−6.3%	Cons. · Japanese GAAP
FYE Mar 2019	575	−0.7%	Cons. · Japanese GAAP
FYE Mar 2020	550	−4.4%	Cons. · Japanese GAAP
FYE Mar 2021	506	−8.1%	Cons. · Japanese GAAP
FYE Mar 2022	320	−36.6%	Cons. · Japanese GAAP
FYE Mar 2023	373	+16.4%	Cons. · Japanese GAAP
FYE Mar 2024	613	+64.4%	Cons. · Japanese GAAP
FYE Mar 2025	1,130	+84.5%	Cons. · Japanese GAAP
FYE Mar 2026	1,724	+52.5%	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 +0.4%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	196	n/a	Cons. · Japanese GAAP
FYE Mar 2018	188	−4.1%	Cons. · Japanese GAAP
FYE Mar 2019	185	−1.4%	Cons. · Japanese GAAP
FYE Mar 2020	239	+29.4%	Cons. · Japanese GAAP
FYE Mar 2021	144	−39.7%	Cons. · Japanese GAAP
FYE Mar 2022	245	+70.1%	Cons. · Japanese GAAP
FYE Mar 2023	166	−32.4%	Cons. · Japanese GAAP
FYE Mar 2024	212	+28.0%	Cons. · Japanese GAAP
FYE Mar 2025	201	−5.2%	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

Definition: Bonds outstanding
Formula: Bonds line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥264bn

CAGR · 10 yrs +26.7%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	31.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	30.2	−3.6%	Cons. · Japanese GAAP
FYE Mar 2019	28.7	−4.9%	Cons. · Japanese GAAP
FYE Mar 2020	28.8	+0.4%	Cons. · Japanese GAAP
FYE Mar 2021	31.4	+8.9%	Cons. · Japanese GAAP
FYE Mar 2022	36.6	+16.8%	Cons. · Japanese GAAP
FYE Mar 2023	36.7	+0.3%	Cons. · Japanese GAAP
FYE Mar 2024	63.8	+73.7%	Cons. · Japanese GAAP
FYE Mar 2025	72.2	+13.2%	Cons. · Japanese GAAP
FYE Mar 2026	264	+265.8%	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 ¥134bn

CAGR · 10 yrs +58.3%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	2.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.9	−11.7%	Cons. · Japanese GAAP
FYE Mar 2019	2.3	+23.9%	Cons. · Japanese GAAP
FYE Mar 2020	2.1	−8.9%	Cons. · Japanese GAAP
FYE Mar 2021	2.2	+2.4%	Cons. · Japanese GAAP
FYE Mar 2022	2.2	−0.8%	Cons. · Japanese GAAP
FYE Mar 2023	4.8	+122.0%	Cons. · Japanese GAAP
FYE Mar 2024	30.9	+541.7%	Cons. · Japanese GAAP
FYE Mar 2025	33.8	+9.6%	Cons. · Japanese GAAP
FYE Mar 2026	134	+296.0%	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 48.2%

Average · 10 yrs 38.7%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	25.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	23.1	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2019	24.7	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	24.5	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	27.6	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2022	47.5	+19.8pp	Cons. · Japanese GAAP
FYE Mar 2023	54.0	+6.6pp	Cons. · Japanese GAAP
FYE Mar 2024	57.1	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2025	53.9	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2026	48.2	−5.7pp	Cons. · Japanese GAAP

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

Debt-to-equity ratio D/E ratio

FYE Mar 2026 70.2%

Average · 10 yrs 105.6%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	151.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	172.9	+21.2pp	Cons. · Japanese GAAP
FYE Mar 2019	162.0	−10.9pp	Cons. · Japanese GAAP
FYE Mar 2020	162.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	136.4	−25.8pp	Cons. · Japanese GAAP
FYE Mar 2022	60.2	−76.2pp	Cons. · Japanese GAAP
FYE Mar 2023	44.9	−15.3pp	Cons. · Japanese GAAP
FYE Mar 2024	40.6	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2025	54.9	+14.3pp	Cons. · Japanese GAAP
FYE Mar 2026	70.2	+15.3pp	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 15.0%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	0.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-9.2	−10.1pp	Cons. · Japanese GAAP
FYE Mar 2019	5.1	+14.3pp	Cons. · Japanese GAAP
FYE Mar 2020	6.3	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	15.5	+9.2pp	Cons. · Japanese GAAP
FYE Mar 2022	55.6	+40.0pp	Cons. · Japanese GAAP
FYE Mar 2023	41.3	−14.2pp	Cons. · Japanese GAAP
FYE Mar 2024	11.1	−30.2pp	Cons. · Japanese GAAP
FYE Mar 2025	15.8	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2026	7.4	−8.4pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 3.6%

Average · 10 yrs 7.2%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-2.1	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2019	1.3	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2020	1.6	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	4.3	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2022	26.4	+22.1pp	Cons. · Japanese GAAP
FYE Mar 2023	22.3	−4.0pp	Cons. · Japanese GAAP
FYE Mar 2024	6.3	−16.0pp	Cons. · Japanese GAAP
FYE Mar 2025	8.5	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2026	3.6	−5.0pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.31×

CAGR · 10 yrs −8.5%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.68	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.74	+9.5%	Cons. · Japanese GAAP
FYE Mar 2019	0.58	−22.1%	Cons. · Japanese GAAP
FYE Mar 2020	0.55	−4.8%	Cons. · Japanese GAAP
FYE Mar 2021	0.47	−14.1%	Cons. · Japanese GAAP
FYE Mar 2022	0.47	−0.1%	Cons. · Japanese GAAP
FYE Mar 2023	0.45	−4.3%	Cons. · Japanese GAAP
FYE Mar 2024	0.39	−12.7%	Cons. · Japanese GAAP
FYE Mar 2025	0.36	−9.8%	Cons. · Japanese GAAP
FYE Mar 2026	0.31	−14.1%	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 ¥451bn

CAGR · 10 yrs +43.4%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	17.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	98.4	+458.2%	Cons. · Japanese GAAP
FYE Mar 2019	55.2	−43.8%	Cons. · Japanese GAAP
FYE Mar 2020	101	+82.3%	Cons. · Japanese GAAP
FYE Mar 2021	98.9	−1.8%	Cons. · Japanese GAAP
FYE Mar 2022	308	+211.1%	Cons. · Japanese GAAP
FYE Mar 2023	550	+78.8%	Cons. · Japanese GAAP
FYE Mar 2024	314	−42.9%	Cons. · Japanese GAAP
FYE Mar 2025	360	+14.7%	Cons. · Japanese GAAP
FYE Mar 2026	451	+25.1%	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 -¥722bn

Average · 10 yrs -¥245bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-73.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-101	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-198	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-107	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-54.7	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-107	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-282	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-353	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-451	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-722	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 ¥313bn

CAGR · 10 yrs +15.3%

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	87.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.2	−89.4%	Cons. · Japanese GAAP
FYE Mar 2019	70.5	+663.0%	Cons. · Japanese GAAP
FYE Mar 2020	-0.7	−101.0%	Cons. · Japanese GAAP
FYE Mar 2021	-61.7	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-192	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-282	n/a	Cons. · Japanese GAAP
FYE Mar 2024	49.7	n/a	Cons. · Japanese GAAP
FYE Mar 2025	117	+135.4%	Cons. · Japanese GAAP
FYE Mar 2026	313	+167.3%	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 ¥201bn

CAGR · 10 yrs +0.8%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	187	n/a	Cons. · Japanese GAAP
FYE Mar 2018	190	+1.5%	Cons. · Japanese GAAP
FYE Mar 2019	119	−37.2%	Cons. · Japanese GAAP
FYE Mar 2020	102	−14.2%	Cons. · Japanese GAAP
FYE Mar 2021	83.4	−18.4%	Cons. · Japanese GAAP
FYE Mar 2022	97.1	+16.4%	Cons. · Japanese GAAP
FYE Mar 2023	91.0	−6.3%	Cons. · Japanese GAAP
FYE Mar 2024	116	+26.9%	Cons. · Japanese GAAP
FYE Mar 2025	156	+35.0%	Cons. · Japanese GAAP
FYE Mar 2026	201	+29.2%	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 -¥271bn

Average · 10 yrs -¥9.6bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	-56.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-2.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-143	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2021	44.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	200	+352.5%	Cons. · Japanese GAAP
FYE Mar 2023	268	+33.8%	Cons. · Japanese GAAP
FYE Mar 2024	-38.7	−114.4%	Cons. · Japanese GAAP
FYE Mar 2025	-90.3	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-271	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 24.7%

Average · 10 yrs 15.3%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	1.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.0	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2019	4.5	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2020	8.7	+4.2pp	Cons. · Japanese GAAP
FYE Mar 2021	10.0	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2022	24.2	+14.3pp	Cons. · Japanese GAAP
FYE Mar 2023	34.1	+9.9pp	Cons. · Japanese GAAP
FYE Mar 2024	19.3	−14.8pp	Cons. · Japanese GAAP
FYE Mar 2025	20.3	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	24.7	+4.4pp	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 -¥1.82tn

Average · 10 yrs -¥897bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-684	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-698	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-734	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-733	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-706	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-670	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-773	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-840	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-1,318	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-1,816	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 ¥2.36tn

Change · 9 yrs +¥1.94tn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	422	n/a
FYE Mar 2018	n/a	n/a
FYE Mar 2019	287	n/a
FYE Mar 2020	211	n/a
FYE Mar 2021	468	n/a
FYE Mar 2022	1,241	n/a
FYE Mar 2023	1,197	n/a
FYE Mar 2024	1,671	n/a
FYE Mar 2025	1,881	n/a
FYE Mar 2026	2,358	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 6,495¥

Change · 9 yrs +6,146¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	350	n/a
FYE Mar 2018	n/a	n/a
FYE Mar 2019	2,382	n/a
FYE Mar 2020	1,746	n/a
FYE Mar 2021	3,878	n/a
FYE Mar 2022	10,284	n/a
FYE Mar 2023	3,306	n/a
FYE Mar 2024	4,612	n/a
FYE Mar 2025	5,185	n/a
FYE Mar 2026	6,495	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 363,001,827shares

Change · 10 yrs −843,284,288 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	1,206,286,115	Parent
FYE Mar 2018	120,628,611	Parent
FYE Mar 2019	120,628,611	Parent
FYE Mar 2020	120,628,611	Parent
FYE Mar 2021	120,628,611	Parent
FYE Mar 2022	120,628,611	Parent
FYE Mar 2023	362,010,900	Parent
FYE Mar 2024	362,386,058	Parent
FYE Mar 2025	362,841,027	Parent
FYE Mar 2026	363,001,827	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 619.78¥

Change · 10 yrs +575.83¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	43.95	Cons.
FYE Mar 2018	-132.05	Cons.
FYE Mar 2019	74.91	Cons.
FYE Mar 2020	90.93	Cons.
FYE Mar 2021	250.99	Cons.
FYE Mar 2022	1,970.16	Cons.
FYE Mar 2023	2,204.04	Cons.
FYE Mar 2024	722.85	Cons.
FYE Mar 2025	1,186.60	Cons.
FYE Mar 2026	619.78	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 7,918.33¥

Change · 10 yrs +7,442.13¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	476.20	Cons. · Japanese GAAP
FYE Mar 2018	4,254.94	Cons. · Japanese GAAP
FYE Mar 2019	4,367.69	Cons. · Japanese GAAP
FYE Mar 2020	4,269.15	Cons. · Japanese GAAP
FYE Mar 2021	4,800.93	Cons. · Japanese GAAP
FYE Mar 2022	10,572.55	Cons. · Japanese GAAP
FYE Mar 2023	5,320.00	Cons. · Japanese GAAP
FYE Mar 2024	6,496.32	Cons. · Japanese GAAP
FYE Mar 2025	7,404.54	Cons. · Japanese GAAP
FYE Mar 2026	7,918.33	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 10.48×

Average · 9 yrs 14.02×

Fiscal year	PER ×	Basis
FYE Mar 2017	79.55	Cons.
FYE Mar 2018	n/a	Cons.
FYE Mar 2019	10.60	Cons.
FYE Mar 2020	6.40	Cons.
FYE Mar 2021	5.15	Cons.
FYE Mar 2022	1.74	Cons.
FYE Mar 2023	1.50	Cons.
FYE Mar 2024	6.38	Cons.
FYE Mar 2025	4.37	Cons.
FYE Mar 2026	10.48	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 0.78×

Average · 9 yrs 0.69×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.73	Cons.
FYE Mar 2018	n/a	Cons.
FYE Mar 2019	0.54	Cons.
FYE Mar 2020	0.41	Cons.
FYE Mar 2021	0.80	Cons.
FYE Mar 2022	0.97	Cons.
FYE Mar 2023	0.62	Cons.
FYE Mar 2024	0.71	Cons.
FYE Mar 2025	0.67	Cons.
FYE Mar 2026	0.78	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 11,567people

Change · 10 yrs +773 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	10,794	n/a	Cons.
FYE Mar 2018	10,828	+0.3%	Cons.
FYE Mar 2019	8,941	−17.4%	Cons.
FYE Mar 2020	8,931	−0.1%	Cons.
FYE Mar 2021	8,571	−4.0%	Cons.
FYE Mar 2022	8,547	−0.3%	Cons.
FYE Mar 2023	8,748	+2.4%	Cons.
FYE Mar 2024	9,795	+12.0%	Cons.
FYE Mar 2025	10,500	+7.2%	Cons.
FYE Mar 2026	11,567	+10.2%	Cons.

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

Parent-company employees

FYE Mar 2026 1,433people

Change · 10 yrs +467 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	966	n/a	Parent
FYE Mar 2018	975	+0.9%	Parent
FYE Mar 2019	1,026	+5.2%	Parent
FYE Mar 2020	1,078	+5.1%	Parent
FYE Mar 2021	1,119	+3.8%	Parent
FYE Mar 2022	1,098	−1.9%	Parent
FYE Mar 2023	1,168	+6.4%	Parent
FYE Mar 2024	1,243	+6.4%	Parent
FYE Mar 2025	1,329	+6.9%	Parent
FYE Mar 2026	1,433	+7.8%	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 1,660万円

Change · 10 yrs +691万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	969	n/a	Parent
FYE Mar 2018	944	−2.7%	Parent
FYE Mar 2019	986	+4.5%	Parent
FYE Mar 2020	1,003	+1.7%	Parent
FYE Mar 2021	1,026	+2.3%	Parent
FYE Mar 2022	1,073	+4.6%	Parent
FYE Mar 2023	1,517	+41.4%	Parent
FYE Mar 2024	1,675	+10.4%	Parent
FYE Mar 2025	1,437	−14.2%	Parent
FYE Mar 2026	1,660	+15.5%	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 38.4years

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	37.0	n/a	Parent
FYE Mar 2020	37.2	+0.5%	Parent
FYE Mar 2021	37.9	+1.9%	Parent
FYE Mar 2022	38.0	+0.3%	Parent
FYE Mar 2023	37.8	−0.5%	Parent
FYE Mar 2024	37.3	−1.3%	Parent
FYE Mar 2025	38.5	+3.2%	Parent
FYE Mar 2026	38.4	−0.3%	Parent

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

Average length of service

FYE Mar 2026 12.9years

Change · 10 yrs −1.3 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	14.2	n/a	Parent
FYE Mar 2018	14.2	−0.0%	Parent
FYE Mar 2019	14.0	−1.4%	Parent
FYE Mar 2020	14.0	−0.0%	Parent
FYE Mar 2021	14.1	+0.7%	Parent
FYE Mar 2022	14.1	−0.0%	Parent
FYE Mar 2023	13.5	−4.3%	Parent
FYE Mar 2024	12.5	−7.4%	Parent
FYE Mar 2025	13.4	+7.2%	Parent
FYE Mar 2026	12.9	−3.7%	Parent

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

Temporary employees

FYE Mar 2026 3,334people

Change · 10 yrs +1,099 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	2,235	n/a	n/a
FYE Mar 2018	2,339	+4.7%	n/a
FYE Mar 2019	2,290	−2.1%	n/a
FYE Mar 2020	2,377	+3.8%	n/a
FYE Mar 2021	2,463	+3.6%	n/a
FYE Mar 2022	2,494	+1.3%	n/a
FYE Mar 2023	2,485	−0.4%	n/a
FYE Mar 2024	2,863	+15.2%	n/a
FYE Mar 2025	3,071	+7.3%	n/a
FYE Mar 2026	3,334	+8.6%	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 ¥158m

Change · 10 yrs +¥18.4m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	139	n/a	Cons.
FYE Mar 2018	153	+9.5%	Cons.
FYE Mar 2019	138	−9.6%	Cons.
FYE Mar 2020	129	−6.3%	Cons.
FYE Mar 2021	116	−10.6%	Cons.
FYE Mar 2022	149	+28.4%	Cons.
FYE Mar 2023	184	+24.1%	Cons.
FYE Mar 2024	166	−9.8%	Cons.
FYE Mar 2025	169	+1.7%	Cons.
FYE Mar 2026	158	−6.7%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥11.0m

Change · 10 yrs +¥10.7m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	0.2	n/a	Cons.
FYE Mar 2018	2.1	+784.0%	Cons.
FYE Mar 2019	4.2	+101.4%	Cons.
FYE Mar 2020	2.7	−36.9%	Cons.
FYE Mar 2021	-0.6	−123.2%	Cons.
FYE Mar 2022	6.4	n/a	Cons.
FYE Mar 2023	12.4	+93.1%	Cons.
FYE Mar 2024	10.5	−15.3%	Cons.
FYE Mar 2025	14.4	+36.4%	Cons.
FYE Mar 2026	11.0	−23.6%	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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