Financials

Mitsubishi Logistics: FYE Mar 2026 and ten years of results (51 metrics)

FYE Mar 2026 · Revenue¥273bnYoY −3.7%

FYE Mar 2026 · Operating profit¥16bnYoY −21.6%

FYE Mar 2026 · Net profit¥55bnYoY +71.9%

FYE Mar 2026 · Equity ratio59.3%YoY −0.5pp

FYE Mar 2026 · Group employees4,991YoY −13

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥209bn	n/a	¥13bn	n/a	6.1%	¥11bn	Matsui Akio	—
FYE Mar 2018Consolidated	¥215bn	+3.2%	¥12bn	−2.6%	5.8%	¥11bn	Matsui Akio	—
FYE Mar 2019Consolidated	¥227bn	+5.5%	¥13bn	+1.9%	5.6%	¥12bn	Matsui Akio	—
FYE Mar 2020Consolidated	¥229bn	+0.8%	¥12bn	−3.7%	5.3%	¥12bn	Fujikura Masao	Pre-COVID peak revenue of ¥229.0bn (FY2019)
FYE Mar 2021Consolidated	¥214bn	−6.7%	¥12bn	−3.8%	5.5%	¥39bn	Fujikura Masao	—
FYE Mar 2022Consolidated	¥257bn	+20.4%	¥18bn	+54.6%	7.1%	¥18bn	Fujikura Masao	Property holds ~¥10bn segment profit through the pandemic
FYE Mar 2023Consolidated	¥301bn	+16.9%	¥23bn	+26.9%	7.7%	¥27bn	Fujikura Masao	<a class="en-history_person" href="/tse/9301/executives/ceo/saito-hidechika/" hreflang="ja">Saito Hidechika</a> becomes president
FYE Mar 2024Consolidated	¥255bn	−15.3%	¥19bn	−17.7%	7.4%	¥28bn	Fujikura Masao	Cavalier Logistics group acquired (US / UK)
FYE Mar 2025Consolidated	¥284bn	+11.6%	¥20bn	+7.2%	7.1%	¥32bn	Saito Hidechika	—
FYE Mar 2026Consolidated	¥273bn	−3.7%	¥16bn	−21.6%	5.8%	¥55bn	Saito Hidechika	Management Plan [2025–2030]: M&A of <span class="en-history_money" data-yen="100000000000" data-year="2025">$668.2M (¥100bn)</span>+, ROE 10%

How it compares

Mitsui-Soko Holdings¥299bnFY2025Operating margin 7.4%

Kamigumi Co.,Ltd.¥295bnFY2025Operating margin 12.4%

Mitsubishi Logistics¥273bnFY2025Operating margin 5.8%

The Sumitomo Warehouse¥196bnFY2025Operating margin 5.8%

Yokohamareitou¥126bnFY2025Operating margin 3.4%

Nihontoransushiti¥125bnFY2024Operating margin 6.3%

Yasudasouko¥75bnFY2024Operating margin 4.7%

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 ¥273bn

CAGR · 10 yrs +3.0%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	209	n/a	Cons. · Japanese GAAP
FYE Mar 2018	215	+3.2%	Cons. · Japanese GAAP
FYE Mar 2019	227	+5.5%	Cons. · Japanese GAAP
FYE Mar 2020	229	+0.8%	Cons. · Japanese GAAP
FYE Mar 2021	214	−6.7%	Cons. · Japanese GAAP
FYE Mar 2022	257	+20.4%	Cons. · Japanese GAAP
FYE Mar 2023	301	+16.9%	Cons. · Japanese GAAP
FYE Mar 2024	255	−15.3%	Cons. · Japanese GAAP
FYE Mar 2025	284	+11.6%	Cons. · Japanese GAAP
FYE Mar 2026	273	−3.7%	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 ¥240bn

CAGR · 10 yrs +2.9%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	186	n/a	Cons. · Japanese GAAP
FYE Mar 2018	193	+3.8%	Cons. · Japanese GAAP
FYE Mar 2019	204	+5.8%	Cons. · Japanese GAAP
FYE Mar 2020	206	+1.1%	Cons. · Japanese GAAP
FYE Mar 2021	192	−6.9%	Cons. · Japanese GAAP
FYE Mar 2022	229	+19.1%	Cons. · Japanese GAAP
FYE Mar 2023	266	+16.3%	Cons. · Japanese GAAP
FYE Mar 2024	222	−16.4%	Cons. · Japanese GAAP
FYE Mar 2025	248	+11.4%	Cons. · Japanese GAAP
FYE Mar 2026	240	−3.1%	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 ¥34bn

CAGR · 10 yrs +4.2%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	23.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.8	−1.4%	Cons. · Japanese GAAP
FYE Mar 2019	23.4	+2.4%	Cons. · Japanese GAAP
FYE Mar 2020	22.9	−1.9%	Cons. · Japanese GAAP
FYE Mar 2021	21.9	−4.6%	Cons. · Japanese GAAP
FYE Mar 2022	28.6	+31.0%	Cons. · Japanese GAAP
FYE Mar 2023	34.7	+21.2%	Cons. · Japanese GAAP
FYE Mar 2024	32.2	−7.1%	Cons. · Japanese GAAP
FYE Mar 2025	36.4	+13.0%	Cons. · Japanese GAAP
FYE Mar 2026	33.5	−8.0%	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 ¥18bn

CAGR · 10 yrs +6.0%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	10.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.4	−0.0%	Cons. · Japanese GAAP
FYE Mar 2019	10.7	+2.9%	Cons. · Japanese GAAP
FYE Mar 2020	10.7	+0.2%	Cons. · Japanese GAAP
FYE Mar 2021	10.1	−5.6%	Cons. · Japanese GAAP
FYE Mar 2022	10.5	+3.6%	Cons. · Japanese GAAP
FYE Mar 2023	11.7	+11.3%	Cons. · Japanese GAAP
FYE Mar 2024	13.3	+13.9%	Cons. · Japanese GAAP
FYE Mar 2025	16.1	+21.3%	Cons. · Japanese GAAP
FYE Mar 2026	17.6	+9.2%	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 ¥16bn

CAGR · 10 yrs +2.5%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	12.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.4	−2.6%	Cons. · Japanese GAAP
FYE Mar 2019	12.7	+1.9%	Cons. · Japanese GAAP
FYE Mar 2020	12.2	−3.7%	Cons. · Japanese GAAP
FYE Mar 2021	11.7	−3.8%	Cons. · Japanese GAAP
FYE Mar 2022	18.1	+54.6%	Cons. · Japanese GAAP
FYE Mar 2023	23.0	+26.9%	Cons. · Japanese GAAP
FYE Mar 2024	18.9	−17.7%	Cons. · Japanese GAAP
FYE Mar 2025	20.3	+7.2%	Cons. · Japanese GAAP
FYE Mar 2026	15.9	−21.6%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥7.3bn

CAGR · 10 yrs +6.6%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	4.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.8	+16.2%	Cons. · Japanese GAAP
FYE Mar 2019	5.8	+21.3%	Cons. · Japanese GAAP
FYE Mar 2020	5.7	−1.3%	Cons. · Japanese GAAP
FYE Mar 2021	5.3	−7.2%	Cons. · Japanese GAAP
FYE Mar 2022	5.6	+5.6%	Cons. · Japanese GAAP
FYE Mar 2023	7.8	+39.2%	Cons. · Japanese GAAP
FYE Mar 2024	6.3	−19.3%	Cons. · Japanese GAAP
FYE Mar 2025	5.1	−18.5%	Cons. · Japanese GAAP
FYE Mar 2026	7.3	+42.4%	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 ¥1.7bn

CAGR · 10 yrs +8.5%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	0.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	+29.2%	Cons. · Japanese GAAP
FYE Mar 2019	1.1	+8.1%	Cons. · Japanese GAAP
FYE Mar 2020	1.1	−2.6%	Cons. · Japanese GAAP
FYE Mar 2021	1.0	−6.0%	Cons. · Japanese GAAP
FYE Mar 2022	0.6	−41.6%	Cons. · Japanese GAAP
FYE Mar 2023	0.8	+31.5%	Cons. · Japanese GAAP
FYE Mar 2024	0.9	+11.8%	Cons. · Japanese GAAP
FYE Mar 2025	6.8	+669.3%	Cons. · Japanese GAAP
FYE Mar 2026	1.7	−75.3%	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 ¥22bn

CAGR · 10 yrs +3.3%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	16.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.2	+0.6%	Cons. · Japanese GAAP
FYE Mar 2019	17.3	+7.3%	Cons. · Japanese GAAP
FYE Mar 2020	16.8	−2.9%	Cons. · Japanese GAAP
FYE Mar 2021	16.0	−4.8%	Cons. · Japanese GAAP
FYE Mar 2022	23.2	+44.6%	Cons. · Japanese GAAP
FYE Mar 2023	30.0	+29.8%	Cons. · Japanese GAAP
FYE Mar 2024	24.4	−18.9%	Cons. · Japanese GAAP
FYE Mar 2025	18.6	−23.6%	Cons. · Japanese GAAP
FYE Mar 2026	21.6	+15.8%	Cons. · Japanese GAAP

Definition: A level of profit that exists only under Japanese GAAP
Formula: Operating profit + non-operating income − non-operating expenses
Source: Securities report (XBRL)

Extraordinary income

FYE Mar 2026 ¥68bn

CAGR · 10 yrs +67.9%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.5	−27.4%	Cons. · Japanese GAAP
FYE Mar 2019	1.3	+190.1%	Cons. · Japanese GAAP
FYE Mar 2020	3.9	+191.3%	Cons. · Japanese GAAP
FYE Mar 2021	42.3	+979.7%	Cons. · Japanese GAAP
FYE Mar 2022	3.7	−91.3%	Cons. · Japanese GAAP
FYE Mar 2023	12.4	+234.4%	Cons. · Japanese GAAP
FYE Mar 2024	15.7	+27.0%	Cons. · Japanese GAAP
FYE Mar 2025	31.6	+101.4%	Cons. · Japanese GAAP
FYE Mar 2026	67.6	+114.0%	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 ¥55bn

CAGR · 10 yrs +19.9%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	10.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.5	−1.4%	Cons. · Japanese GAAP
FYE Mar 2019	11.6	+10.0%	Cons. · Japanese GAAP
FYE Mar 2020	11.9	+2.5%	Cons. · Japanese GAAP
FYE Mar 2021	39.2	+230.4%	Cons. · Japanese GAAP
FYE Mar 2022	17.9	−54.3%	Cons. · Japanese GAAP
FYE Mar 2023	27.2	+52.2%	Cons. · Japanese GAAP
FYE Mar 2024	27.8	+2.1%	Cons. · Japanese GAAP
FYE Mar 2025	31.9	+14.7%	Cons. · Japanese GAAP
FYE Mar 2026	54.8	+71.9%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 12.3%

Average · 10 yrs 11.3%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	11.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.6	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	10.3	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	10.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	10.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	11.1	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	11.5	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	12.7	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	12.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	12.3	−0.6pp	Cons. · Japanese GAAP

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Mar 2026 5.8%

Average · 10 yrs 6.3%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	6.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.8	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	5.6	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	5.3	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	5.5	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	7.1	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	7.7	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	7.4	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	7.1	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	5.8	−1.3pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Mar 2026 7.9%

Average · 10 yrs 8.1%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.5	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	7.6	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	7.3	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	7.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	9.0	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	10.0	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2024	9.6	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	6.6	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2026	7.9	+1.3pp	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 20.0%

Average · 10 yrs 9.7%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	5.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.9	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	5.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2020	5.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	18.3	+13.1pp	Cons. · Japanese GAAP
FYE Mar 2022	7.0	−11.4pp	Cons. · Japanese GAAP
FYE Mar 2023	9.1	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2024	10.9	+1.9pp	Cons. · Japanese GAAP
FYE Mar 2025	11.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	20.0	+8.8pp	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 87.7%

Average · 10 yrs 88.7%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	88.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	89.4	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2019	89.7	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	90.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	89.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	88.9	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2023	88.5	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2024	87.3	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	87.2	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	87.7	+0.6pp	Cons. · Japanese GAAP

Definition: The share of revenue taken by the cost of sales
Formula: Cost of sales ÷ revenue
Source: Securities report (XBRL)

SG&A ratio

FYE Mar 2026 6.4%

Average · 10 yrs 4.9%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	5.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	4.7	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	4.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	4.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	4.1	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2023	3.9	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	5.2	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2025	5.7	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	6.4	+0.8pp	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 ¥640bn

CAGR · 10 yrs +4.4%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	435	n/a	Cons. · Japanese GAAP
FYE Mar 2018	462	+6.1%	Cons. · Japanese GAAP
FYE Mar 2019	483	+4.4%	Cons. · Japanese GAAP
FYE Mar 2020	468	−3.0%	Cons. · Japanese GAAP
FYE Mar 2021	536	+14.4%	Cons. · Japanese GAAP
FYE Mar 2022	562	+4.9%	Cons. · Japanese GAAP
FYE Mar 2023	574	+2.0%	Cons. · Japanese GAAP
FYE Mar 2024	679	+18.4%	Cons. · Japanese GAAP
FYE Mar 2025	626	−7.8%	Cons. · Japanese GAAP
FYE Mar 2026	640	+2.2%	Cons. · Japanese GAAP

Definition: Everything the company holds
Formula: Total assets line of the balance sheet
Source: Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Mar 2026 ¥380bn

CAGR · 10 yrs +3.7%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	274	n/a	Cons. · Japanese GAAP
FYE Mar 2018	292	+6.4%	Cons. · Japanese GAAP
FYE Mar 2019	296	+1.5%	Cons. · Japanese GAAP
FYE Mar 2020	283	−4.3%	Cons. · Japanese GAAP
FYE Mar 2021	324	+14.2%	Cons. · Japanese GAAP
FYE Mar 2022	344	+6.3%	Cons. · Japanese GAAP
FYE Mar 2023	351	+2.0%	Cons. · Japanese GAAP
FYE Mar 2024	405	+15.6%	Cons. · Japanese GAAP
FYE Mar 2025	375	−7.6%	Cons. · Japanese GAAP
FYE Mar 2026	380	+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 ¥55bn

CAGR · 10 yrs +4.1%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	38.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	28.9	−25.1%	Cons. · Japanese GAAP
FYE Mar 2019	50.7	+75.4%	Cons. · Japanese GAAP
FYE Mar 2020	45.1	−11.1%	Cons. · Japanese GAAP
FYE Mar 2021	61.4	+36.1%	Cons. · Japanese GAAP
FYE Mar 2022	61.9	+0.9%	Cons. · Japanese GAAP
FYE Mar 2023	64.3	+3.9%	Cons. · Japanese GAAP
FYE Mar 2024	54.1	−15.9%	Cons. · Japanese GAAP
FYE Mar 2025	54.0	−0.1%	Cons. · Japanese GAAP
FYE Mar 2026	55.2	+2.2%	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 ¥40bn

CAGR · 10 yrs +7.6%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	20.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.1	−41.0%	Cons. · Japanese GAAP
FYE Mar 2019	26.5	+118.2%	Cons. · Japanese GAAP
FYE Mar 2020	25.4	−4.0%	Cons. · Japanese GAAP
FYE Mar 2021	36.1	+42.1%	Cons. · Japanese GAAP
FYE Mar 2022	48.3	+33.8%	Cons. · Japanese GAAP
FYE Mar 2023	40.3	−16.5%	Cons. · Japanese GAAP
FYE Mar 2024	29.9	−25.7%	Cons. · Japanese GAAP
FYE Mar 2025	35.6	+18.8%	Cons. · Japanese GAAP
FYE Mar 2026	39.7	+11.6%	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 ¥16bn

CAGR · 10 yrs −1.6%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	18.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.8	−7.0%	Cons. · Japanese GAAP
FYE Mar 2019	24.2	+44.4%	Cons. · Japanese GAAP
FYE Mar 2020	19.7	−18.8%	Cons. · Japanese GAAP
FYE Mar 2021	25.3	+28.4%	Cons. · Japanese GAAP
FYE Mar 2022	13.6	−46.2%	Cons. · Japanese GAAP
FYE Mar 2023	24.0	+76.3%	Cons. · Japanese GAAP
FYE Mar 2024	24.1	+0.7%	Cons. · Japanese GAAP
FYE Mar 2025	18.5	−23.5%	Cons. · Japanese GAAP
FYE Mar 2026	15.6	−15.7%	Cons. · Japanese GAAP

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

Bonds

FYE Mar 2026 n/a

CAGR · 9 yrs +7.5%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	27.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	43.0	+59.3%	Cons. · Japanese GAAP
FYE Mar 2019	36.0	−16.3%	Cons. · Japanese GAAP
FYE Mar 2020	51.1	+42.0%	Cons. · Japanese GAAP
FYE Mar 2021	46.0	−10.0%	Cons. · Japanese GAAP
FYE Mar 2022	41.0	−10.9%	Cons. · Japanese GAAP
FYE Mar 2023	41.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	56.1	+36.9%	Cons. · Japanese GAAP
FYE Mar 2025	48.0	−14.5%	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 ¥34bn

CAGR · 10 yrs +8.8%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	15.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.6	−2.1%	Cons. · Japanese GAAP
FYE Mar 2019	14.7	−5.5%	Cons. · Japanese GAAP
FYE Mar 2020	14.5	−1.2%	Cons. · Japanese GAAP
FYE Mar 2021	13.5	−7.0%	Cons. · Japanese GAAP
FYE Mar 2022	12.9	−4.1%	Cons. · Japanese GAAP
FYE Mar 2023	12.6	−2.6%	Cons. · Japanese GAAP
FYE Mar 2024	39.0	+209.6%	Cons. · Japanese GAAP
FYE Mar 2025	40.3	+3.4%	Cons. · Japanese GAAP
FYE Mar 2026	33.9	−15.9%	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 · 9 yrs +21.4%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	1.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.0	−23.1%	Cons. · Japanese GAAP
FYE Mar 2019	0.6	−33.7%	Cons. · Japanese GAAP
FYE Mar 2020	0.3	−47.8%	Cons. · Japanese GAAP
FYE Mar 2021	0.1	−55.9%	Cons. · Japanese GAAP
FYE Mar 2022	0.1	−43.4%	Cons. · Japanese GAAP
FYE Mar 2023	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2024	6.2	n/a	Cons. · Japanese GAAP
FYE Mar 2025	5.8	−5.3%	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 59.3%

Average · 10 yrs 61.0%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	63.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	63.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	61.4	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2020	60.5	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	60.4	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2022	61.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2023	61.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	59.7	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2025	59.8	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	59.3	−0.5pp	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 14.6%

Average · 10 yrs 15.5%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	14.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	9.9	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2019	17.1	+7.2pp	Cons. · Japanese GAAP
FYE Mar 2020	15.9	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	19.0	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2022	18.0	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	18.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2024	13.3	−5.0pp	Cons. · Japanese GAAP
FYE Mar 2025	14.4	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	14.6	+0.1pp	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 14.4%

Average · 10 yrs 7.0%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	3.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	3.9	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	4.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	12.1	+7.9pp	Cons. · Japanese GAAP
FYE Mar 2022	5.2	−6.9pp	Cons. · Japanese GAAP
FYE Mar 2023	7.8	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2024	6.9	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2025	8.5	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2026	14.4	+5.9pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 8.6%

Average · 10 yrs 4.3%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	2.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.3	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	2.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	2.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	7.3	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2022	3.2	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2023	4.7	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2024	4.1	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	5.1	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	8.6	+3.5pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.43×

CAGR · 10 yrs −1.3%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.48	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.47	−2.8%	Cons. · Japanese GAAP
FYE Mar 2019	0.47	+1.0%	Cons. · Japanese GAAP
FYE Mar 2020	0.49	+3.9%	Cons. · Japanese GAAP
FYE Mar 2021	0.40	−18.5%	Cons. · Japanese GAAP
FYE Mar 2022	0.46	+14.7%	Cons. · Japanese GAAP
FYE Mar 2023	0.52	+14.5%	Cons. · Japanese GAAP
FYE Mar 2024	0.37	−28.5%	Cons. · Japanese GAAP
FYE Mar 2025	0.45	+21.1%	Cons. · Japanese GAAP
FYE Mar 2026	0.43	−5.8%	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 ¥6.5bn

CAGR · 10 yrs −12.4%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	21.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.5	+0.1%	Cons. · Japanese GAAP
FYE Mar 2019	23.4	+8.7%	Cons. · Japanese GAAP
FYE Mar 2020	17.6	−24.5%	Cons. · Japanese GAAP
FYE Mar 2021	40.2	+128.0%	Cons. · Japanese GAAP
FYE Mar 2022	36.2	−9.9%	Cons. · Japanese GAAP
FYE Mar 2023	40.5	+11.8%	Cons. · Japanese GAAP
FYE Mar 2024	41.8	+3.2%	Cons. · Japanese GAAP
FYE Mar 2025	29.6	−29.1%	Cons. · Japanese GAAP
FYE Mar 2026	6.5	−78.0%	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 ¥26bn

Average · 10 yrs -¥14bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-22.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-22.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-31.8	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-18.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-14.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-29.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-14.4	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-31.5	n/a	Cons. · Japanese GAAP
FYE Mar 2025	15.5	n/a	Cons. · Japanese GAAP
FYE Mar 2026	26.2	+69.3%	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 -¥34bn

Average · 10 yrs -¥13bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-7.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	12.1	+252.9%	Cons. · Japanese GAAP
FYE Mar 2020	-2.4	−119.6%	Cons. · Japanese GAAP
FYE Mar 2021	-5.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-16.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-17.1	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-14.9	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-44.2	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-33.6	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 ¥61bn

CAGR · 10 yrs +5.7%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	36.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	39.6	+7.2%	Cons. · Japanese GAAP
FYE Mar 2019	43.0	+8.6%	Cons. · Japanese GAAP
FYE Mar 2020	40.5	−5.7%	Cons. · Japanese GAAP
FYE Mar 2021	61.4	+51.4%	Cons. · Japanese GAAP
FYE Mar 2022	52.5	−14.4%	Cons. · Japanese GAAP
FYE Mar 2023	62.3	+18.6%	Cons. · Japanese GAAP
FYE Mar 2024	58.4	−6.2%	Cons. · Japanese GAAP
FYE Mar 2025	61.0	+4.4%	Cons. · Japanese GAAP
FYE Mar 2026	60.5	−0.8%	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 ¥33bn

Average · 10 yrs ¥14bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	-0.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-8.4	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-0.4	n/a	Cons. · Japanese GAAP
FYE Mar 2021	26.2	n/a	Cons. · Japanese GAAP
FYE Mar 2022	7.0	−73.3%	Cons. · Japanese GAAP
FYE Mar 2023	26.1	+273.3%	Cons. · Japanese GAAP
FYE Mar 2024	10.3	−60.6%	Cons. · Japanese GAAP
FYE Mar 2025	45.1	+338.5%	Cons. · Japanese GAAP
FYE Mar 2026	32.8	−27.4%	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 2.4%

Average · 10 yrs 11.4%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	10.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.0	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	10.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	7.7	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2021	18.8	+11.1pp	Cons. · Japanese GAAP
FYE Mar 2022	14.1	−4.7pp	Cons. · Japanese GAAP
FYE Mar 2023	13.5	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	16.4	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2025	10.4	−6.0pp	Cons. · Japanese GAAP
FYE Mar 2026	2.4	−8.0pp	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 ¥5.3bn

Average · 10 yrs ¥0.2bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-1.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-7.7	−172.5%	Cons. · Japanese GAAP
FYE Mar 2020	-4.5	n/a	Cons. · Japanese GAAP
FYE Mar 2021	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-9.4	−67178.6%	Cons. · Japanese GAAP
FYE Mar 2023	-2.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	4.4	n/a	Cons. · Japanese GAAP
FYE Mar 2025	7.0	+59.9%	Cons. · Japanese GAAP
FYE Mar 2026	5.3	−24.0%	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 ¥480bn

Change · 10 yrs +¥210bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	270	n/a
FYE Mar 2018	199	n/a
FYE Mar 2019	272	n/a
FYE Mar 2020	192	n/a
FYE Mar 2021	297	n/a
FYE Mar 2022	268	n/a
FYE Mar 2023	255	n/a
FYE Mar 2024	407	n/a
FYE Mar 2025	377	n/a
FYE Mar 2026	480	n/a

Definition: What the market says the company is worth
Formula: Year-end share price × shares outstanding
Source: Securities report (XBRL)

Share price year-end close

FYE Mar 2026 1,325¥

Change · 10 yrs −209¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,534	n/a
FYE Mar 2018	2,257	n/a
FYE Mar 2019	3,090	n/a
FYE Mar 2020	2,183	n/a
FYE Mar 2021	675	n/a
FYE Mar 2022	610	n/a
FYE Mar 2023	622	n/a
FYE Mar 2024	992	n/a
FYE Mar 2025	971	n/a
FYE Mar 2026	1,325	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 362,135,395shares

Change · 10 yrs +186,213,917 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	175,921,478	Parent
FYE Mar 2018	87,960,739	Parent
FYE Mar 2019	87,960,739	Parent
FYE Mar 2020	87,960,739	Parent
FYE Mar 2021	439,803,695	Parent
FYE Mar 2022	439,803,695	Parent
FYE Mar 2023	409,803,695	Parent
FYE Mar 2024	409,803,695	Parent
FYE Mar 2025	388,197,695	Parent
FYE Mar 2026	362,135,395	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 155.84¥

Change · 10 yrs +34.09¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	121.75	Cons.
FYE Mar 2018	120.07	Cons.
FYE Mar 2019	132.03	Cons.
FYE Mar 2020	137.31	Cons.
FYE Mar 2021	92.46	Cons.
FYE Mar 2022	43.89	Cons.
FYE Mar 2023	68.40	Cons.
FYE Mar 2024	71.89	Cons.
FYE Mar 2025	85.92	Cons.
FYE Mar 2026	155.84	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 1,048.06¥

Change · 10 yrs −510.73¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,558.79	Cons. · Japanese GAAP
FYE Mar 2018	3,316.79	Cons. · Japanese GAAP
FYE Mar 2019	3,367.02	Cons. · Japanese GAAP
FYE Mar 2020	3,221.22	Cons. · Japanese GAAP
FYE Mar 2021	735.77	Cons. · Japanese GAAP
FYE Mar 2022	782.36	Cons. · Japanese GAAP
FYE Mar 2023	856.01	Cons. · Japanese GAAP
FYE Mar 2024	989.32	Cons. · Japanese GAAP
FYE Mar 2025	965.15	Cons. · Japanese GAAP
FYE Mar 2026	1,048.06	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 8.50×

Average · 10 yrs 14.72×

Fiscal year	PER ×	Basis
FYE Mar 2017	25.20	Cons.
FYE Mar 2018	18.80	Cons.
FYE Mar 2019	23.40	Cons.
FYE Mar 2020	15.90	Cons.
FYE Mar 2021	7.30	Cons.
FYE Mar 2022	13.90	Cons.
FYE Mar 2023	9.10	Cons.
FYE Mar 2024	13.80	Cons.
FYE Mar 2025	11.30	Cons.
FYE Mar 2026	8.50	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 1.20×

Average · 10 yrs 0.86×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.98	Cons.
FYE Mar 2018	0.68	Cons.
FYE Mar 2019	0.91	Cons.
FYE Mar 2020	0.66	Cons.
FYE Mar 2021	0.86	Cons.
FYE Mar 2022	0.72	Cons.
FYE Mar 2023	0.69	Cons.
FYE Mar 2024	0.93	Cons.
FYE Mar 2025	0.93	Cons.
FYE Mar 2026	1.20	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 4,991people

Change · 10 yrs +572 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	4,419	n/a	Cons.
FYE Mar 2018	4,463	+1.0%	Cons.
FYE Mar 2019	4,466	+0.1%	Cons.
FYE Mar 2020	4,625	+3.6%	Cons.
FYE Mar 2021	4,598	−0.6%	Cons.
FYE Mar 2022	4,732	+2.9%	Cons.
FYE Mar 2023	4,708	−0.5%	Cons.
FYE Mar 2024	4,922	+4.5%	Cons.
FYE Mar 2025	5,004	+1.7%	Cons.
FYE Mar 2026	4,991	−0.3%	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 1,026people

Change · 10 yrs +163 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	863	n/a	Parent
FYE Mar 2018	891	+3.2%	Parent
FYE Mar 2019	926	+3.9%	Parent
FYE Mar 2020	952	+2.8%	Parent
FYE Mar 2021	996	+4.6%	Parent
FYE Mar 2022	1,014	+1.8%	Parent
FYE Mar 2023	957	−5.6%	Parent
FYE Mar 2024	976	+2.0%	Parent
FYE Mar 2025	1,009	+3.4%	Parent
FYE Mar 2026	1,026	+1.7%	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 943万円

Change · 10 yrs +184万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	759	n/a	Parent
FYE Mar 2018	784	+3.3%	Parent
FYE Mar 2019	810	+3.3%	Parent
FYE Mar 2020	801	−1.1%	Parent
FYE Mar 2021	787	−1.8%	Parent
FYE Mar 2022	794	+0.9%	Parent
FYE Mar 2023	876	+10.4%	Parent
FYE Mar 2024	938	+7.1%	Parent
FYE Mar 2025	913	−2.7%	Parent
FYE Mar 2026	943	+3.3%	Parent

Definition: Average total annual compensation, bonuses included
Formula: Average annual pay, from the employee section of the filing
Source: Securities report (XBRL)

Average age

FYE Mar 2026 40.7years

Change · 8 yrs +0.7 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	40.0	n/a	Parent
FYE Mar 2020	39.9	−0.3%	Parent
FYE Mar 2021	39.7	−0.5%	Parent
FYE Mar 2022	39.9	+0.5%	Parent
FYE Mar 2023	40.4	+1.3%	Parent
FYE Mar 2024	40.5	+0.2%	Parent
FYE Mar 2025	40.7	+0.5%	Parent
FYE Mar 2026	40.7	−0.0%	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 15.6years

Change · 10 yrs +8.9 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	6.7	n/a	Parent
FYE Mar 2018	16.8	+150.7%	Parent
FYE Mar 2019	16.5	−1.8%	Parent
FYE Mar 2020	16.1	−2.4%	Parent
FYE Mar 2021	15.7	−2.5%	Parent
FYE Mar 2022	15.7	−0.0%	Parent
FYE Mar 2023	16.0	+1.9%	Parent
FYE Mar 2024	15.9	−0.6%	Parent
FYE Mar 2025	16.0	+0.6%	Parent
FYE Mar 2026	15.6	−2.5%	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 2,719people

Change · 10 yrs +243 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	2,476	n/a	n/a
FYE Mar 2018	2,504	+1.1%	n/a
FYE Mar 2019	2,626	+4.9%	n/a
FYE Mar 2020	2,564	−2.4%	n/a
FYE Mar 2021	2,570	+0.2%	n/a
FYE Mar 2022	2,508	−2.4%	n/a
FYE Mar 2023	2,703	+7.8%	n/a
FYE Mar 2024	2,617	−3.2%	n/a
FYE Mar 2025	2,693	+2.9%	n/a
FYE Mar 2026	2,719	+1.0%	n/a

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

Revenue per employee

FYE Mar 2026 ¥54.8m

Change · 10 yrs +¥7.6m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	47.2	n/a	Cons.
FYE Mar 2018	48.3	+2.2%	Cons.
FYE Mar 2019	50.9	+5.4%	Cons.
FYE Mar 2020	49.5	−2.6%	Cons.
FYE Mar 2021	46.5	−6.1%	Cons.
FYE Mar 2022	54.4	+16.9%	Cons.
FYE Mar 2023	63.8	+17.5%	Cons.
FYE Mar 2024	51.7	−19.0%	Cons.
FYE Mar 2025	56.8	+9.8%	Cons.
FYE Mar 2026	54.8	−3.5%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥3.2m

Change · 10 yrs +¥0.3m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.9	n/a	Cons.
FYE Mar 2018	2.8	−3.5%	Cons.
FYE Mar 2019	2.8	+1.9%	Cons.
FYE Mar 2020	2.6	−7.0%	Cons.
FYE Mar 2021	2.6	−3.2%	Cons.
FYE Mar 2022	3.8	+50.2%	Cons.
FYE Mar 2023	4.9	+27.6%	Cons.
FYE Mar 2024	3.8	−21.3%	Cons.
FYE Mar 2025	4.1	+5.5%	Cons.
FYE Mar 2026	3.2	−21.4%	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

Mitsubishi Logistics’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/9301/company.json ·/api/9301/history.json ·/api/9301/ceo.json ·/api/9301/financials.json ·/api/9301/financials/segment.json ·/api/9301/financials/pl.json ·/api/9301/financials/cf.json ·/api/9301/financials/bs.json ·/api/9301/financials/employee.json ·/api/9301/financials/stock.json ·/api/9301/financials.csv ·/api/9301/financials_history.csv

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