Financials

SKY Perfect JSAT: FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥128bnYoY +3.1%

FYE Mar 2026 · Operating profit¥35bnYoY +28.3%

FYE Mar 2026 · Net profit¥23bnYoY +22.0%

FYE Mar 2026 · Equity ratio74.4%YoY +4.6pp

FYE Mar 2026 · Group employees769YoY −50

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥193bn	n/a	¥24bn	n/a	12.7%	¥17bn	Takada Shinji	Record profit under the cost-structure plan; J.League rights lost
FYE Mar 2018Consolidated	¥146bn	−24.6%	¥16bn	−35.9%	10.8%	¥11bn	Takada Shinji	—
FYE Mar 2019Consolidated	¥164bn	+12.7%	¥15bn	−2.3%	9.3%	¥9.7bn	Takada Shinji	X-band defence satellite DSN-1 launched
FYE Mar 2020Consolidated	¥140bn	−14.9%	¥15bn	−0.2%	10.9%	¥12bn	Takada Shinji	<a class="en-history_person" href="/tse/9412/executives/ceo/yonekura-eiichi/" hreflang="ja">Yonekura Eiichi</a> becomes president; unprofitable lines cut
FYE Mar 2021Consolidated	¥140bn	+0.0%	¥19bn	+25.5%	13.7%	¥13bn	Yonekura Eiichi	—
FYE Mar 2022Consolidated	¥120bn	−14.3%	¥19bn	−1.5%	15.8%	¥15bn	Yonekura Eiichi	—
FYE Mar 2023Consolidated	¥121bn	+1.3%	¥22bn	+18.4%	18.4%	¥16bn	Yonekura Eiichi	Space Compass joint venture with NTT
FYE Mar 2024Consolidated	¥122bn	+0.6%	¥27bn	+18.9%	21.8%	¥18bn	Yonekura Eiichi	—
FYE Mar 2025Consolidated	¥124bn	+1.5%	¥27bn	+3.6%	22.2%	¥19bn	Yonekura Eiichi	—
FYE Mar 2026Consolidated	¥128bn	+3.1%	¥35bn	+28.3%	27.6%	¥23bn	Yonekura Eiichi	Space Security business unit established

How it compares

NTT¥14.4tnFY2025Operating margin 11.8%SoftBank Corp.¥7.04tnFY2025Operating margin 14.8%KDDI¥6.07tnFY2025Operating margin 18.1%NTT DOCOMODelisted 2020

DDI CORPORATIONDissolved 2000

KDD CorporationDelisted 2000

SKY Perfect JSAT¥128bnFY2025Operating margin 27.6%

OKINAWA CELLULAR TELEPHONE COMPANY¥86bnFY2025Operating margin 21.6%

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥128bn

CAGR · 10 yrs −4.5%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	193	n/a	Cons. · Japanese GAAP
FYE Mar 2018	146	−24.6%	Cons. · Japanese GAAP
FYE Mar 2019	164	+12.7%	Cons. · Japanese GAAP
FYE Mar 2020	140	−14.9%	Cons. · Japanese GAAP
FYE Mar 2021	140	−0.0%	Cons. · Japanese GAAP
FYE Mar 2022	120	−14.3%	Cons. · Japanese GAAP
FYE Mar 2023	121	+1.3%	Cons. · Japanese GAAP
FYE Mar 2024	122	+0.6%	Cons. · Japanese GAAP
FYE Mar 2025	124	+1.5%	Cons. · Japanese GAAP
FYE Mar 2026	128	+3.1%	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 ¥65bn

CAGR · 10 yrs −7.5%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	131	n/a	Cons. · Japanese GAAP
FYE Mar 2018	92.2	−29.4%	Cons. · Japanese GAAP
FYE Mar 2019	111	+20.7%	Cons. · Japanese GAAP
FYE Mar 2020	90.2	−19.0%	Cons. · Japanese GAAP
FYE Mar 2021	87.0	−3.5%	Cons. · Japanese GAAP
FYE Mar 2022	68.3	−21.5%	Cons. · Japanese GAAP
FYE Mar 2023	69.1	+1.1%	Cons. · Japanese GAAP
FYE Mar 2024	66.7	−3.4%	Cons. · Japanese GAAP
FYE Mar 2025	66.4	−0.4%	Cons. · Japanese GAAP
FYE Mar 2026	64.7	−2.5%	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 ¥63bn

CAGR · 10 yrs +0.1%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	62.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	53.3	−14.4%	Cons. · Japanese GAAP
FYE Mar 2019	52.7	−1.1%	Cons. · Japanese GAAP
FYE Mar 2020	49.4	−6.3%	Cons. · Japanese GAAP
FYE Mar 2021	52.5	+6.4%	Cons. · Japanese GAAP
FYE Mar 2022	51.3	−2.3%	Cons. · Japanese GAAP
FYE Mar 2023	52.1	+1.5%	Cons. · Japanese GAAP
FYE Mar 2024	55.2	+6.0%	Cons. · Japanese GAAP
FYE Mar 2025	57.3	+3.9%	Cons. · Japanese GAAP
FYE Mar 2026	62.9	+9.7%	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 ¥28bn

CAGR · 10 yrs −3.4%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	37.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	37.6	−0.5%	Cons. · Japanese GAAP
FYE Mar 2019	37.4	−0.6%	Cons. · Japanese GAAP
FYE Mar 2020	34.1	−8.9%	Cons. · Japanese GAAP
FYE Mar 2021	33.4	−2.1%	Cons. · Japanese GAAP
FYE Mar 2022	32.5	−2.7%	Cons. · Japanese GAAP
FYE Mar 2023	29.8	−8.3%	Cons. · Japanese GAAP
FYE Mar 2024	28.6	−3.8%	Cons. · Japanese GAAP
FYE Mar 2025	29.8	+4.2%	Cons. · Japanese GAAP
FYE Mar 2026	27.6	−7.5%	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 ¥35bn

CAGR · 10 yrs +4.2%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	24.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.7	−35.9%	Cons. · Japanese GAAP
FYE Mar 2019	15.3	−2.3%	Cons. · Japanese GAAP
FYE Mar 2020	15.3	−0.2%	Cons. · Japanese GAAP
FYE Mar 2021	19.2	+25.5%	Cons. · Japanese GAAP
FYE Mar 2022	18.9	−1.5%	Cons. · Japanese GAAP
FYE Mar 2023	22.3	+18.4%	Cons. · Japanese GAAP
FYE Mar 2024	26.5	+18.9%	Cons. · Japanese GAAP
FYE Mar 2025	27.5	+3.6%	Cons. · Japanese GAAP
FYE Mar 2026	35.3	+28.3%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥3.4bn

CAGR · 10 yrs +13.0%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.3	+101.3%	Cons. · Japanese GAAP
FYE Mar 2019	3.0	+33.9%	Cons. · Japanese GAAP
FYE Mar 2020	3.0	−0.6%	Cons. · Japanese GAAP
FYE Mar 2021	2.7	−9.8%	Cons. · Japanese GAAP
FYE Mar 2022	2.7	−1.6%	Cons. · Japanese GAAP
FYE Mar 2023	2.5	−7.6%	Cons. · Japanese GAAP
FYE Mar 2024	2.9	+17.0%	Cons. · Japanese GAAP
FYE Mar 2025	2.8	−2.7%	Cons. · Japanese GAAP
FYE Mar 2026	3.4	+19.7%	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 ¥3.2bn

CAGR · 10 yrs +18.8%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	0.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.2	+75.9%	Cons. · Japanese GAAP
FYE Mar 2019	1.7	+39.8%	Cons. · Japanese GAAP
FYE Mar 2020	2.2	+30.2%	Cons. · Japanese GAAP
FYE Mar 2021	1.5	−30.5%	Cons. · Japanese GAAP
FYE Mar 2022	1.2	−19.1%	Cons. · Japanese GAAP
FYE Mar 2023	1.6	+30.4%	Cons. · Japanese GAAP
FYE Mar 2024	2.3	+44.3%	Cons. · Japanese GAAP
FYE Mar 2025	3.0	+30.5%	Cons. · Japanese GAAP
FYE Mar 2026	3.2	+6.9%	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 ¥35bn

CAGR · 10 yrs +4.0%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	24.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.7	−32.8%	Cons. · Japanese GAAP
FYE Mar 2019	16.6	−0.4%	Cons. · Japanese GAAP
FYE Mar 2020	16.1	−3.3%	Cons. · Japanese GAAP
FYE Mar 2021	20.3	+26.5%	Cons. · Japanese GAAP
FYE Mar 2022	20.3	−0.2%	Cons. · Japanese GAAP
FYE Mar 2023	23.2	+14.2%	Cons. · Japanese GAAP
FYE Mar 2024	27.1	+17.0%	Cons. · Japanese GAAP
FYE Mar 2025	27.3	+0.6%	Cons. · Japanese GAAP
FYE Mar 2026	35.4	+29.8%	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 ¥0.4bn

CAGR · 7 yrs −14.3%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.8	+69.1%	Cons. · Japanese GAAP
FYE Mar 2019	0.2	−90.9%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	0.2	n/a	Cons. · Japanese GAAP
FYE Mar 2023	0.2	+1.7%	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	0.6	n/a	Cons. · Japanese GAAP
FYE Mar 2026	0.4	−35.9%	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 ¥23bn

CAGR · 10 yrs +3.3%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	17.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.4	−34.8%	Cons. · Japanese GAAP
FYE Mar 2019	9.7	−14.7%	Cons. · Japanese GAAP
FYE Mar 2020	12.0	+24.2%	Cons. · Japanese GAAP
FYE Mar 2021	13.3	+11.0%	Cons. · Japanese GAAP
FYE Mar 2022	14.6	+9.2%	Cons. · Japanese GAAP
FYE Mar 2023	15.8	+8.4%	Cons. · Japanese GAAP
FYE Mar 2024	17.7	+12.2%	Cons. · Japanese GAAP
FYE Mar 2025	19.1	+7.7%	Cons. · Japanese GAAP
FYE Mar 2026	23.3	+22.0%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 49.3%

Average · 10 yrs 40.1%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	32.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	36.6	+4.3pp	Cons. · Japanese GAAP
FYE Mar 2019	32.1	−4.5pp	Cons. · Japanese GAAP
FYE Mar 2020	35.4	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2021	37.6	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2022	42.9	+5.3pp	Cons. · Japanese GAAP
FYE Mar 2023	43.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	45.3	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2025	46.3	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	49.3	+3.0pp	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 27.6%

Average · 10 yrs 16.3%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	12.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.8	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2019	9.3	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	10.9	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	13.7	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2022	15.8	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2023	18.4	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2024	21.8	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2025	22.2	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	27.6	+5.4pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Mar 2026 27.8%

Average · 10 yrs 16.9%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	12.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	11.5	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	10.1	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	11.5	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	14.6	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2022	17.0	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2023	19.1	+2.2pp	Cons. · Japanese GAAP
FYE Mar 2024	22.3	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2025	22.1	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	27.8	+5.7pp	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 18.3%

Average · 10 yrs 11.4%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	9.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.8	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	5.9	−1.9pp	Cons. · Japanese GAAP
FYE Mar 2020	8.6	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2021	9.6	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	12.2	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2023	13.1	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	14.6	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2025	15.4	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	18.3	+2.8pp	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 50.7%

Average · 10 yrs 59.9%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	67.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	63.4	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2019	67.9	+4.5pp	Cons. · Japanese GAAP
FYE Mar 2020	64.6	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2021	62.4	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2022	57.1	−5.3pp	Cons. · Japanese GAAP
FYE Mar 2023	57.0	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	54.7	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2025	53.7	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2026	50.7	−3.0pp	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 21.6%

Average · 10 yrs 23.8%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	19.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.9	+6.3pp	Cons. · Japanese GAAP
FYE Mar 2019	22.8	−3.1pp	Cons. · Japanese GAAP
FYE Mar 2020	24.4	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	23.9	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	27.1	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2023	24.6	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2024	23.5	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2025	24.1	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	21.6	−2.5pp	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 ¥408bn

CAGR · 10 yrs +1.4%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	359	n/a	Cons. · Japanese GAAP
FYE Mar 2018	359	−0.0%	Cons. · Japanese GAAP
FYE Mar 2019	376	+4.7%	Cons. · Japanese GAAP
FYE Mar 2020	378	+0.6%	Cons. · Japanese GAAP
FYE Mar 2021	386	+1.9%	Cons. · Japanese GAAP
FYE Mar 2022	378	−1.9%	Cons. · Japanese GAAP
FYE Mar 2023	399	+5.5%	Cons. · Japanese GAAP
FYE Mar 2024	405	+1.6%	Cons. · Japanese GAAP
FYE Mar 2025	403	−0.5%	Cons. · Japanese GAAP
FYE Mar 2026	408	+1.1%	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 ¥304bn

CAGR · 10 yrs +4.1%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	211	n/a	Cons. · Japanese GAAP
FYE Mar 2018	217	+2.9%	Cons. · Japanese GAAP
FYE Mar 2019	221	+2.2%	Cons. · Japanese GAAP
FYE Mar 2020	228	+3.0%	Cons. · Japanese GAAP
FYE Mar 2021	234	+2.7%	Cons. · Japanese GAAP
FYE Mar 2022	242	+3.3%	Cons. · Japanese GAAP
FYE Mar 2023	255	+5.6%	Cons. · Japanese GAAP
FYE Mar 2024	270	+5.8%	Cons. · Japanese GAAP
FYE Mar 2025	282	+4.3%	Cons. · Japanese GAAP
FYE Mar 2026	304	+7.8%	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 ¥32bn

CAGR · 10 yrs −7.1%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	62.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	72.8	+16.0%	Cons. · Japanese GAAP
FYE Mar 2019	88.1	+21.1%	Cons. · Japanese GAAP
FYE Mar 2020	82.4	−6.4%	Cons. · Japanese GAAP
FYE Mar 2021	76.0	−7.9%	Cons. · Japanese GAAP
FYE Mar 2022	70.4	−7.4%	Cons. · Japanese GAAP
FYE Mar 2023	63.5	−9.7%	Cons. · Japanese GAAP
FYE Mar 2024	55.8	−12.2%	Cons. · Japanese GAAP
FYE Mar 2025	45.2	−19.1%	Cons. · Japanese GAAP
FYE Mar 2026	32.4	−28.3%	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 ¥8.6bn

CAGR · 10 yrs −2.7%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	11.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.3	−61.0%	Cons. · Japanese GAAP
FYE Mar 2019	5.2	+21.0%	Cons. · Japanese GAAP
FYE Mar 2020	6.5	+24.2%	Cons. · Japanese GAAP
FYE Mar 2021	7.7	+19.3%	Cons. · Japanese GAAP
FYE Mar 2022	8.7	+12.8%	Cons. · Japanese GAAP
FYE Mar 2023	10.6	+21.4%	Cons. · Japanese GAAP
FYE Mar 2024	10.8	+2.1%	Cons. · Japanese GAAP
FYE Mar 2025	13.0	+20.6%	Cons. · Japanese GAAP
FYE Mar 2026	8.6	−33.6%	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 ¥24bn

CAGR · 10 yrs −8.3%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	51.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	68.5	+32.4%	Cons. · Japanese GAAP
FYE Mar 2019	82.9	+21.1%	Cons. · Japanese GAAP
FYE Mar 2020	76.0	−8.3%	Cons. · Japanese GAAP
FYE Mar 2021	68.2	−10.2%	Cons. · Japanese GAAP
FYE Mar 2022	61.6	−9.7%	Cons. · Japanese GAAP
FYE Mar 2023	53.0	−14.1%	Cons. · Japanese GAAP
FYE Mar 2024	45.0	−15.0%	Cons. · Japanese GAAP
FYE Mar 2025	32.1	−28.6%	Cons. · Japanese GAAP
FYE Mar 2026	23.7	−26.2%	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 ¥5.6bn

CAGR · 10 yrs −7.7%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	11.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.4	−10.4%	Cons. · Japanese GAAP
FYE Mar 2019	9.5	−8.6%	Cons. · Japanese GAAP
FYE Mar 2020	8.7	−8.0%	Cons. · Japanese GAAP
FYE Mar 2021	6.1	−30.0%	Cons. · Japanese GAAP
FYE Mar 2022	5.1	−15.9%	Cons. · Japanese GAAP
FYE Mar 2023	4.3	−15.5%	Cons. · Japanese GAAP
FYE Mar 2024	4.6	+5.9%	Cons. · Japanese GAAP
FYE Mar 2025	5.4	+17.2%	Cons. · Japanese GAAP
FYE Mar 2026	5.6	+4.4%	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 · 6 yrs −56.8%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	4.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.6	−19.7%	Cons. · Japanese GAAP
FYE Mar 2019	2.7	−24.5%	Cons. · Japanese GAAP
FYE Mar 2020	1.8	−32.5%	Cons. · Japanese GAAP
FYE Mar 2021	0.9	−48.2%	Cons. · Japanese GAAP
FYE Mar 2022	0.1	−92.9%	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	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 74.4%

Average · 10 yrs 63.8%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	58.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	60.3	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2019	58.9	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	60.3	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	60.8	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2022	64.0	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2023	64.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	66.7	+2.6pp	Cons. · Japanese GAAP
FYE Mar 2025	69.8	+3.2pp	Cons. · Japanese GAAP
FYE Mar 2026	74.4	+4.6pp	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 10.7%

Average · 10 yrs 27.3%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	29.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	33.6	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2019	39.8	+6.2pp	Cons. · Japanese GAAP
FYE Mar 2020	36.2	−3.6pp	Cons. · Japanese GAAP
FYE Mar 2021	32.4	−3.7pp	Cons. · Japanese GAAP
FYE Mar 2022	29.1	−3.4pp	Cons. · Japanese GAAP
FYE Mar 2023	24.9	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2024	20.7	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2025	16.0	−4.6pp	Cons. · Japanese GAAP
FYE Mar 2026	10.7	−5.4pp	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 7.7%

Average · 10 yrs 6.2%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	8.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.2	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2019	4.4	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2020	5.3	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	5.7	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	6.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	6.2	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	6.6	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	6.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	7.7	+0.9pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 5.7%

Average · 10 yrs 4.0%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	4.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.2	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2019	2.6	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	3.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	3.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2022	3.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	4.0	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2024	4.4	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2025	4.7	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	5.7	+1.0pp	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 −5.8%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.54	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.40	−24.5%	Cons. · Japanese GAAP
FYE Mar 2019	0.44	+7.7%	Cons. · Japanese GAAP
FYE Mar 2020	0.37	−15.4%	Cons. · Japanese GAAP
FYE Mar 2021	0.36	−1.8%	Cons. · Japanese GAAP
FYE Mar 2022	0.32	−12.6%	Cons. · Japanese GAAP
FYE Mar 2023	0.30	−4.0%	Cons. · Japanese GAAP
FYE Mar 2024	0.30	−1.0%	Cons. · Japanese GAAP
FYE Mar 2025	0.31	+2.0%	Cons. · Japanese GAAP
FYE Mar 2026	0.31	+2.0%	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 ¥54bn

CAGR · 10 yrs +25.3%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	7.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.5	+220.8%	Cons. · Japanese GAAP
FYE Mar 2019	25.9	+14.9%	Cons. · Japanese GAAP
FYE Mar 2020	28.9	+11.5%	Cons. · Japanese GAAP
FYE Mar 2021	57.9	+100.7%	Cons. · Japanese GAAP
FYE Mar 2022	36.5	−37.0%	Cons. · Japanese GAAP
FYE Mar 2023	57.6	+57.9%	Cons. · Japanese GAAP
FYE Mar 2024	42.4	−26.4%	Cons. · Japanese GAAP
FYE Mar 2025	42.4	−0.1%	Cons. · Japanese GAAP
FYE Mar 2026	53.7	+26.6%	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 -¥76bn

Average · 10 yrs -¥26bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-22.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-27.2	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-33.5	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-20.8	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-11.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-7.7	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-16.9	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-15.4	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-25.8	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-76.5	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 -¥32bn

Average · 10 yrs -¥11bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	13.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.9	−63.9%	Cons. · Japanese GAAP
FYE Mar 2019	9.4	+92.4%	Cons. · Japanese GAAP
FYE Mar 2020	-12.5	−233.7%	Cons. · Japanese GAAP
FYE Mar 2021	-16.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-16.4	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-19.4	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-21.1	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-16.7	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-32.3	n/a	Cons. · Japanese GAAP

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Mar 2026 ¥58bn

CAGR · 10 yrs +2.5%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	46.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	46.3	+0.3%	Cons. · Japanese GAAP
FYE Mar 2019	48.1	+3.9%	Cons. · Japanese GAAP
FYE Mar 2020	43.6	−9.3%	Cons. · Japanese GAAP
FYE Mar 2021	73.2	+67.9%	Cons. · Japanese GAAP
FYE Mar 2022	85.9	+17.4%	Cons. · Japanese GAAP
FYE Mar 2023	108	+25.6%	Cons. · Japanese GAAP
FYE Mar 2024	114	+5.9%	Cons. · Japanese GAAP
FYE Mar 2025	115	+0.2%	Cons. · Japanese GAAP
FYE Mar 2026	57.6	−49.7%	Cons. · Japanese GAAP

Definition: Cash on hand at the year end
Formula: Closing balance in the cash flow statement
Source: Securities report (XBRL)

Free cash flow

FYE Mar 2026 -¥23bn

Average · 10 yrs ¥12bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	-15.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-4.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-7.6	n/a	Cons. · Japanese GAAP
FYE Mar 2020	8.1	n/a	Cons. · Japanese GAAP
FYE Mar 2021	46.6	+478.5%	Cons. · Japanese GAAP
FYE Mar 2022	28.8	−38.2%	Cons. · Japanese GAAP
FYE Mar 2023	40.8	+41.7%	Cons. · Japanese GAAP
FYE Mar 2024	27.0	−33.7%	Cons. · Japanese GAAP
FYE Mar 2025	16.6	−38.6%	Cons. · Japanese GAAP
FYE Mar 2026	-22.8	−237.3%	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 42.1%

Average · 10 yrs 28.6%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	3.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.5	+11.9pp	Cons. · Japanese GAAP
FYE Mar 2019	15.8	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	20.7	+4.9pp	Cons. · Japanese GAAP
FYE Mar 2021	41.5	+20.8pp	Cons. · Japanese GAAP
FYE Mar 2022	30.5	−11.0pp	Cons. · Japanese GAAP
FYE Mar 2023	47.6	+17.1pp	Cons. · Japanese GAAP
FYE Mar 2024	34.8	−12.8pp	Cons. · Japanese GAAP
FYE Mar 2025	34.3	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	42.1	+7.8pp	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 ¥25bn

Average · 10 yrs ¥8.8bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-16.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-26.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-40.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-38.8	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-2.8	n/a	Cons. · Japanese GAAP
FYE Mar 2022	15.6	n/a	Cons. · Japanese GAAP
FYE Mar 2023	44.4	+185.0%	Cons. · Japanese GAAP
FYE Mar 2024	58.5	+31.9%	Cons. · Japanese GAAP
FYE Mar 2025	69.4	+18.5%	Cons. · Japanese GAAP
FYE Mar 2026	25.3	−63.5%	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 ¥862bn

Change · 10 yrs +¥700bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	162	n/a
FYE Mar 2018	165	n/a
FYE Mar 2019	158	n/a
FYE Mar 2020	114	n/a
FYE Mar 2021	147	n/a
FYE Mar 2022	124	n/a
FYE Mar 2023	154	n/a
FYE Mar 2024	316	n/a
FYE Mar 2025	349	n/a
FYE Mar 2026	862	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 2,895¥

Change · 10 yrs +2,426¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	469	n/a
FYE Mar 2018	478	n/a
FYE Mar 2019	460	n/a
FYE Mar 2020	385	n/a
FYE Mar 2021	494	n/a
FYE Mar 2022	416	n/a
FYE Mar 2023	517	n/a
FYE Mar 2024	1,061	n/a
FYE Mar 2025	1,173	n/a
FYE Mar 2026	2,895	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 297,681,264shares

Change · 10 yrs −46,922,436 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	344,603,700	Parent
FYE Mar 2018	344,603,700	Parent
FYE Mar 2019	344,603,700	Parent
FYE Mar 2020	297,007,848	Parent
FYE Mar 2021	297,170,975	Parent
FYE Mar 2022	297,404,212	Parent
FYE Mar 2023	297,404,212	Parent
FYE Mar 2024	297,578,423	Parent
FYE Mar 2025	297,681,264	Parent
FYE Mar 2026	297,681,264	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 82.25¥

Change · 10 yrs +23.61¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	58.64	Cons.
FYE Mar 2018	38.22	Cons.
FYE Mar 2019	32.60	Cons.
FYE Mar 2020	40.49	Cons.
FYE Mar 2021	44.92	Cons.
FYE Mar 2022	49.52	Cons.
FYE Mar 2023	54.44	Cons.
FYE Mar 2024	61.69	Cons.
FYE Mar 2025	67.43	Cons.
FYE Mar 2026	82.25	Cons.

Definition: Net profit for each share
Formula: Net profit ÷ average shares outstanding
Source: Securities report (XBRL)

BPS book value per share

FYE Mar 2026 1,019.73¥

Change · 10 yrs +408.54¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	611.19	Cons. · Japanese GAAP
FYE Mar 2018	628.73	Cons. · Japanese GAAP
FYE Mar 2019	642.33	Cons. · Japanese GAAP
FYE Mar 2020	767.69	Cons. · Japanese GAAP
FYE Mar 2021	788.26	Cons. · Japanese GAAP
FYE Mar 2022	813.67	Cons. · Japanese GAAP
FYE Mar 2023	858.83	Cons. · Japanese GAAP
FYE Mar 2024	908.07	Cons. · Japanese GAAP
FYE Mar 2025	946.34	Cons. · Japanese GAAP
FYE Mar 2026	1,019.73	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 35.20×

Average · 10 yrs 14.28×

Fiscal year	PER ×	Basis
FYE Mar 2017	8.00	Cons.
FYE Mar 2018	12.50	Cons.
FYE Mar 2019	14.10	Cons.
FYE Mar 2020	9.50	Cons.
FYE Mar 2021	11.00	Cons.
FYE Mar 2022	8.40	Cons.
FYE Mar 2023	9.50	Cons.
FYE Mar 2024	17.20	Cons.
FYE Mar 2025	17.40	Cons.
FYE Mar 2026	35.20	Cons.

Definition: How many years of earnings the price stands for
Formula: Year-end price ÷ EPS
Source: Securities report (XBRL)

PBR price-to-book ratio

FYE Mar 2026 2.70×

Average · 10 yrs 0.91×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.66	Cons.
FYE Mar 2018	0.65	Cons.
FYE Mar 2019	0.62	Cons.
FYE Mar 2020	0.50	Cons.
FYE Mar 2021	0.63	Cons.
FYE Mar 2022	0.50	Cons.
FYE Mar 2023	0.59	Cons.
FYE Mar 2024	1.11	Cons.
FYE Mar 2025	1.18	Cons.
FYE Mar 2026	2.70	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 769people

Change · 10 yrs −81 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	850	n/a	Cons.
FYE Mar 2018	858	+0.9%	Cons.
FYE Mar 2019	864	+0.7%	Cons.
FYE Mar 2020	884	+2.3%	Cons.
FYE Mar 2021	846	−4.3%	Cons.
FYE Mar 2022	841	−0.6%	Cons.
FYE Mar 2023	848	+0.8%	Cons.
FYE Mar 2024	848	−0.0%	Cons.
FYE Mar 2025	819	−3.4%	Cons.
FYE Mar 2026	769	−6.1%	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 33people

Change · 10 yrs +5 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	28	n/a	Parent
FYE Mar 2018	27	−3.6%	Parent
FYE Mar 2019	31	+14.8%	Parent
FYE Mar 2020	27	−12.9%	Parent
FYE Mar 2021	27	−0.0%	Parent
FYE Mar 2022	27	−0.0%	Parent
FYE Mar 2023	33	+22.2%	Parent
FYE Mar 2024	34	+3.0%	Parent
FYE Mar 2025	34	−0.0%	Parent
FYE Mar 2026	33	−2.9%	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 1,213万円

Change · 8 yrs −18万円

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	1,231	n/a	Parent
FYE Mar 2020	1,229	−0.1%	Parent
FYE Mar 2021	1,176	−4.3%	Parent
FYE Mar 2022	1,272	+8.1%	Parent
FYE Mar 2023	1,179	−7.3%	Parent
FYE Mar 2024	1,204	+2.1%	Parent
FYE Mar 2025	1,274	+5.8%	Parent
FYE Mar 2026	1,213	−4.7%	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 45.0years

Change · 8 yrs −4.0 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	49.0	n/a	Parent
FYE Mar 2020	50.0	+2.0%	Parent
FYE Mar 2021	49.0	−2.0%	Parent
FYE Mar 2022	50.0	+2.0%	Parent
FYE Mar 2023	47.0	−6.0%	Parent
FYE Mar 2024	47.0	−0.0%	Parent
FYE Mar 2025	47.0	−0.0%	Parent
FYE Mar 2026	45.0	−4.3%	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 4.0years

Change · 8 yrs +1.0 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	3.0	n/a	Parent
FYE Mar 2020	4.0	+33.3%	Parent
FYE Mar 2021	4.0	−0.0%	Parent
FYE Mar 2022	4.0	−0.0%	Parent
FYE Mar 2023	4.0	−0.0%	Parent
FYE Mar 2024	4.0	−0.0%	Parent
FYE Mar 2025	5.0	+25.0%	Parent
FYE Mar 2026	4.0	−20.0%	Parent

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

Temporary employees

FYE Mar 2026 422people

Change · 10 yrs −311 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	733	n/a	n/a
FYE Mar 2018	746	+1.8%	n/a
FYE Mar 2019	774	+3.8%	n/a
FYE Mar 2020	772	−0.3%	n/a
FYE Mar 2021	733	−5.1%	n/a
FYE Mar 2022	727	−0.8%	n/a
FYE Mar 2023	784	+7.8%	n/a
FYE Mar 2024	823	+5.0%	n/a
FYE Mar 2025	419	−49.1%	n/a
FYE Mar 2026	422	+0.7%	n/a

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

Revenue per employee

FYE Mar 2026 ¥166m

Change · 10 yrs −¥61.0m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	227	n/a	Cons.
FYE Mar 2018	170	−25.3%	Cons.
FYE Mar 2019	190	+11.9%	Cons.
FYE Mar 2020	158	−16.8%	Cons.
FYE Mar 2021	165	+4.5%	Cons.
FYE Mar 2022	142	−13.8%	Cons.
FYE Mar 2023	143	+0.4%	Cons.
FYE Mar 2024	144	+0.6%	Cons.
FYE Mar 2025	151	+5.1%	Cons.
FYE Mar 2026	166	+9.8%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥45.9m

Change · 10 yrs +¥17.1m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	28.7	n/a	Cons.
FYE Mar 2018	18.2	−36.5%	Cons.
FYE Mar 2019	17.7	−3.0%	Cons.
FYE Mar 2020	17.3	−2.4%	Cons.
FYE Mar 2021	22.6	+31.1%	Cons.
FYE Mar 2022	22.4	−0.9%	Cons.
FYE Mar 2023	26.3	+17.4%	Cons.
FYE Mar 2024	31.3	+18.9%	Cons.
FYE Mar 2025	33.6	+7.2%	Cons.
FYE Mar 2026	45.9	+36.7%	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 →

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