Financials

U-NEXT HOLDINGS: FYE Aug 2025 and ten years of results (50 metrics)

FYE Aug 2025 · Revenue¥390bnYoY +19.5%

FYE Aug 2025 · Operating profit¥32bnYoY +8.5%

FYE Aug 2025 · Net profit¥18bnYoY +19.8%

FYE Aug 2025 · Equity ratio37.6%YoY +1.8pp

FYE Aug 2025 · Group employees5,737YoY +393

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Dec 2016Consolidated	¥46bn	n/a	-¥0.4bn	n/a	-0.9%	-¥0.9bn	—	—
FYE Dec 2017Consolidated	¥114bn	+149.3%	¥5.9bn	n/a	5.1%	¥0.4bn	Uno Yasuhide	U-NEXT absorbs USEN; USEN-NEXT HOLDINGS formed
FYE Aug 2018Consolidated	¥108bn	−5.6%	¥6.0bn	+2.4%	5.6%	¥3.2bn	Uno Yasuhide	—
FYE Aug 2019Consolidated	¥176bn	+62.9%	¥8.2bn	+37.2%	4.7%	¥6.1bn	Uno Yasuhide	Sales of ¥175.8bn, up 63% in the first full year after the merger
FYE Aug 2020Consolidated	¥193bn	+9.9%	¥11bn	+32.1%	5.6%	¥4.9bn	Uno Yasuhide	—
FYE Aug 2021Consolidated	¥208bn	+7.8%	¥16bn	+43.4%	7.5%	¥8.0bn	Uno Yasuhide	—
FYE Aug 2022Consolidated	¥238bn	+14.2%	¥17bn	+11.0%	7.3%	¥8.7bn	Uno Yasuhide	<em>Road to 2025</em>; U-POWER founded; moves to the Prime market
FYE Aug 2023Consolidated	¥276bn	+16.1%	¥22bn	+24.5%	7.8%	¥11bn	Uno Yasuhide	<em>Paravi</em> absorbed; capital tie-up with TBS
FYE Aug 2024Consolidated	¥327bn	+18.2%	¥29bn	+35.0%	8.9%	¥15bn	Uno Yasuhide	Renamed U-NEXT HOLDINGS
FYE Aug 2025Consolidated	¥390bn	+19.5%	¥32bn	+8.5%	8.1%	¥18bn	Uno Yasuhide	Ninth straight record year; <em>Road to 2030</em> announced

How it compares

SoftBank Group¥7.80tnFY2025Operating margin 78.7%Rakuten Group¥2.50tnFY2025Operating margin 0.6%LY Corporation¥2.04tnFY2025Operating margin 16.8%CyberAgent¥874bnFY2025Operating margin 8.2%

U-NEXT HOLDINGS¥390bnFY2025Operating margin 8.1%

M3¥351bnFY2025Operating margin 20.9%MonotaRO¥334bnFY2025Operating margin 13.8%Mercari¥229bnFY2026Operating margin 19.1%ZOZO¥228bnFY2025Operating margin 30.4%

LINE CorporationDelisted 2020

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 Aug 2025 ¥390bn

CAGR · 10 yrs +26.9%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Dec 2016	45.8	n/a	Cons. · Japanese GAAP
FYE Dec 2017	114	+149.3%	Cons. · Japanese GAAP
FYE Aug 2018	108	−5.6%	Cons. · Japanese GAAP
FYE Aug 2019	176	+62.9%	Cons. · Japanese GAAP
FYE Aug 2020	193	+9.9%	Cons. · Japanese GAAP
FYE Aug 2021	208	+7.8%	Cons. · Japanese GAAP
FYE Aug 2022	238	+14.2%	Cons. · Japanese GAAP
FYE Aug 2023	276	+16.1%	Cons. · Japanese GAAP
FYE Aug 2024	327	+18.2%	Cons. · Japanese GAAP
FYE Aug 2025	390	+19.5%	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 Aug 2025 ¥262bn

CAGR · 10 yrs +27.6%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Dec 2016	29.3	n/a	Cons. · Japanese GAAP
FYE Dec 2017	63.8	+118.0%	Cons. · Japanese GAAP
FYE Aug 2018	62.0	−2.8%	Cons. · Japanese GAAP
FYE Aug 2019	106	+71.0%	Cons. · Japanese GAAP
FYE Aug 2020	117	+10.0%	Cons. · Japanese GAAP
FYE Aug 2021	127	+8.7%	Cons. · Japanese GAAP
FYE Aug 2022	153	+21.0%	Cons. · Japanese GAAP
FYE Aug 2023	180	+17.2%	Cons. · Japanese GAAP
FYE Aug 2024	210	+16.5%	Cons. · Japanese GAAP
FYE Aug 2025	262	+24.8%	Cons. · Japanese GAAP

Definition: The cost of what was sold
Formula: Cost of sales line of the income statement
Source: Securities report (XBRL)

Gross profit

FYE Aug 2025 ¥129bn

CAGR · 10 yrs +25.6%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Dec 2016	16.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	50.5	+204.5%	Cons. · Japanese GAAP
FYE Aug 2018	45.9	−9.1%	Cons. · Japanese GAAP
FYE Aug 2019	69.8	+51.8%	Cons. · Japanese GAAP
FYE Aug 2020	76.6	+9.8%	Cons. · Japanese GAAP
FYE Aug 2021	81.6	+6.5%	Cons. · Japanese GAAP
FYE Aug 2022	84.5	+3.6%	Cons. · Japanese GAAP
FYE Aug 2023	96.5	+14.2%	Cons. · Japanese GAAP
FYE Aug 2024	117	+21.4%	Cons. · Japanese GAAP
FYE Aug 2025	129	+10.0%	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 Aug 2025 ¥97bn

CAGR · 10 yrs +21.4%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Dec 2016	17.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	44.7	+162.9%	Cons. · Japanese GAAP
FYE Aug 2018	39.9	−10.6%	Cons. · Japanese GAAP
FYE Aug 2019	61.5	+54.0%	Cons. · Japanese GAAP
FYE Aug 2020	65.7	+6.8%	Cons. · Japanese GAAP
FYE Aug 2021	66.0	+0.4%	Cons. · Japanese GAAP
FYE Aug 2022	67.2	+1.8%	Cons. · Japanese GAAP
FYE Aug 2023	74.9	+11.5%	Cons. · Japanese GAAP
FYE Aug 2024	88.0	+17.5%	Cons. · Japanese GAAP
FYE Aug 2025	97.3	+10.5%	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 Aug 2025 ¥32bn

Average · 10 yrs ¥15bn

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Dec 2016	-0.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	5.9	n/a	Cons. · Japanese GAAP
FYE Aug 2018	6.0	+2.4%	Cons. · Japanese GAAP
FYE Aug 2019	8.2	+37.2%	Cons. · Japanese GAAP
FYE Aug 2020	10.9	+32.1%	Cons. · Japanese GAAP
FYE Aug 2021	15.6	+43.4%	Cons. · Japanese GAAP
FYE Aug 2022	17.3	+11.0%	Cons. · Japanese GAAP
FYE Aug 2023	21.6	+24.5%	Cons. · Japanese GAAP
FYE Aug 2024	29.1	+35.0%	Cons. · Japanese GAAP
FYE Aug 2025	31.6	+8.5%	Cons. · Japanese GAAP

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

Non-operating income

FYE Aug 2025 ¥772m

CAGR · 10 yrs +39.7%

Fiscal year	Non-operating income ¥ m	YoY	Basis
FYE Dec 2016	38.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	286	+652.6%	Cons. · Japanese GAAP
FYE Aug 2018	135	−52.8%	Cons. · Japanese GAAP
FYE Aug 2019	370	+174.1%	Cons. · Japanese GAAP
FYE Aug 2020	897	+142.4%	Cons. · Japanese GAAP
FYE Aug 2021	182	−79.7%	Cons. · Japanese GAAP
FYE Aug 2022	214	+17.6%	Cons. · Japanese GAAP
FYE Aug 2023	263	+22.9%	Cons. · Japanese GAAP
FYE Aug 2024	332	+26.2%	Cons. · Japanese GAAP
FYE Aug 2025	772	+132.5%	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 Aug 2025 ¥1.4bn

CAGR · 10 yrs +38.3%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Dec 2016	0.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	2.9	+3555.1%	Cons. · Japanese GAAP
FYE Aug 2018	1.1	−60.4%	Cons. · Japanese GAAP
FYE Aug 2019	1.9	+68.8%	Cons. · Japanese GAAP
FYE Aug 2020	1.7	−11.6%	Cons. · Japanese GAAP
FYE Aug 2021	1.0	−39.4%	Cons. · Japanese GAAP
FYE Aug 2022	1.3	+26.6%	Cons. · Japanese GAAP
FYE Aug 2023	1.4	+11.4%	Cons. · Japanese GAAP
FYE Aug 2024	1.1	−22.3%	Cons. · Japanese GAAP
FYE Aug 2025	1.4	+28.8%	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 Aug 2025 ¥31bn

Average · 10 yrs ¥14bn

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Dec 2016	-0.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	3.3	n/a	Cons. · Japanese GAAP
FYE Aug 2018	5.0	+51.7%	Cons. · Japanese GAAP
FYE Aug 2019	6.7	+33.7%	Cons. · Japanese GAAP
FYE Aug 2020	10.1	+50.6%	Cons. · Japanese GAAP
FYE Aug 2021	14.8	+46.3%	Cons. · Japanese GAAP
FYE Aug 2022	16.2	+10.0%	Cons. · Japanese GAAP
FYE Aug 2023	20.4	+25.5%	Cons. · Japanese GAAP
FYE Aug 2024	28.3	+38.9%	Cons. · Japanese GAAP
FYE Aug 2025	30.9	+9.1%	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 Aug 2025 ¥223m

CAGR · 10 yrs +61.4%

Fiscal year	Extraordinary income ¥ m	YoY	Basis
FYE Dec 2016	3.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	20.0	+566.7%	Cons. · Japanese GAAP
FYE Aug 2018	0.0	−100.0%	Cons. · Japanese GAAP
FYE Aug 2019	367	n/a	Cons. · Japanese GAAP
FYE Aug 2020	356	−3.0%	Cons. · Japanese GAAP
FYE Aug 2021	657	+84.6%	Cons. · Japanese GAAP
FYE Aug 2022	3.0	−99.5%	Cons. · Japanese GAAP
FYE Aug 2023	319	+10533.3%	Cons. · Japanese GAAP
FYE Aug 2024	165	−48.3%	Cons. · Japanese GAAP
FYE Aug 2025	223	+35.2%	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 Aug 2025 ¥18bn

Average · 10 yrs ¥7.5bn

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Dec 2016	-0.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.4	n/a	Cons. · Japanese GAAP
FYE Aug 2018	3.2	+642.2%	Cons. · Japanese GAAP
FYE Aug 2019	6.1	+91.5%	Cons. · Japanese GAAP
FYE Aug 2020	4.9	−19.1%	Cons. · Japanese GAAP
FYE Aug 2021	8.0	+63.9%	Cons. · Japanese GAAP
FYE Aug 2022	8.7	+8.0%	Cons. · Japanese GAAP
FYE Aug 2023	11.0	+26.2%	Cons. · Japanese GAAP
FYE Aug 2024	15.4	+40.1%	Cons. · Japanese GAAP
FYE Aug 2025	18.4	+19.8%	Cons. · Japanese GAAP

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

Gross margin

FYE Aug 2025 33.0%

Average · 10 yrs 38.1%

Fiscal year	Gross margin %	YoY	Basis
FYE Dec 2016	36.2	n/a	Cons. · Japanese GAAP
FYE Dec 2017	44.2	+8.0pp	Cons. · Japanese GAAP
FYE Aug 2018	42.6	−1.6pp	Cons. · Japanese GAAP
FYE Aug 2019	39.7	−2.9pp	Cons. · Japanese GAAP
FYE Aug 2020	39.6	−0.0pp	Cons. · Japanese GAAP
FYE Aug 2021	39.2	−0.5pp	Cons. · Japanese GAAP
FYE Aug 2022	35.5	−3.6pp	Cons. · Japanese GAAP
FYE Aug 2023	34.9	−0.6pp	Cons. · Japanese GAAP
FYE Aug 2024	35.9	+0.9pp	Cons. · Japanese GAAP
FYE Aug 2025	33.0	−2.9pp	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 Aug 2025 8.1%

Average · 10 yrs 6.0%

Fiscal year	Operating margin %	YoY	Basis
FYE Dec 2016	-0.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	5.1	+6.0pp	Cons. · Japanese GAAP
FYE Aug 2018	5.6	+0.4pp	Cons. · Japanese GAAP
FYE Aug 2019	4.7	−0.9pp	Cons. · Japanese GAAP
FYE Aug 2020	5.6	+0.9pp	Cons. · Japanese GAAP
FYE Aug 2021	7.5	+1.9pp	Cons. · Japanese GAAP
FYE Aug 2022	7.3	−0.2pp	Cons. · Japanese GAAP
FYE Aug 2023	7.8	+0.5pp	Cons. · Japanese GAAP
FYE Aug 2024	8.9	+1.1pp	Cons. · Japanese GAAP
FYE Aug 2025	8.1	−0.8pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Aug 2025 7.9%

Average · 10 yrs 5.3%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Dec 2016	-1.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	2.9	+3.8pp	Cons. · Japanese GAAP
FYE Aug 2018	4.6	+1.8pp	Cons. · Japanese GAAP
FYE Aug 2019	3.8	−0.8pp	Cons. · Japanese GAAP
FYE Aug 2020	5.2	+1.4pp	Cons. · Japanese GAAP
FYE Aug 2021	7.1	+1.9pp	Cons. · Japanese GAAP
FYE Aug 2022	6.8	−0.3pp	Cons. · Japanese GAAP
FYE Aug 2023	7.4	+0.6pp	Cons. · Japanese GAAP
FYE Aug 2024	8.7	+1.3pp	Cons. · Japanese GAAP
FYE Aug 2025	7.9	−0.8pp	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 Aug 2025 4.7%

Average · 10 yrs 2.8%

Fiscal year	Net margin %	YoY	Basis
FYE Dec 2016	-2.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.4	+2.4pp	Cons. · Japanese GAAP
FYE Aug 2018	2.9	+2.6pp	Cons. · Japanese GAAP
FYE Aug 2019	3.5	+0.5pp	Cons. · Japanese GAAP
FYE Aug 2020	2.5	−0.9pp	Cons. · Japanese GAAP
FYE Aug 2021	3.9	+1.3pp	Cons. · Japanese GAAP
FYE Aug 2022	3.7	−0.2pp	Cons. · Japanese GAAP
FYE Aug 2023	4.0	+0.3pp	Cons. · Japanese GAAP
FYE Aug 2024	4.7	+0.7pp	Cons. · Japanese GAAP
FYE Aug 2025	4.7	−0.0pp	Cons. · Japanese GAAP

Definition: The share of revenue left after everything
Formula: Net profit ÷ revenue
Source: Securities report (XBRL)

Cost-of-sales ratio

FYE Aug 2025 67.0%

Average · 10 yrs 61.9%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Dec 2016	63.8	n/a	Cons. · Japanese GAAP
FYE Dec 2017	55.8	−8.0pp	Cons. · Japanese GAAP
FYE Aug 2018	57.4	+1.6pp	Cons. · Japanese GAAP
FYE Aug 2019	60.3	+2.9pp	Cons. · Japanese GAAP
FYE Aug 2020	60.4	−0.0pp	Cons. · Japanese GAAP
FYE Aug 2021	60.8	+0.5pp	Cons. · Japanese GAAP
FYE Aug 2022	64.5	+3.6pp	Cons. · Japanese GAAP
FYE Aug 2023	65.1	+0.6pp	Cons. · Japanese GAAP
FYE Aug 2024	64.1	−0.9pp	Cons. · Japanese GAAP
FYE Aug 2025	67.0	+2.9pp	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 Aug 2025 24.9%

Average · 10 yrs 32.1%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Dec 2016	37.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	39.1	+2.0pp	Cons. · Japanese GAAP
FYE Aug 2018	37.0	−2.1pp	Cons. · Japanese GAAP
FYE Aug 2019	35.0	−2.0pp	Cons. · Japanese GAAP
FYE Aug 2020	34.0	−1.0pp	Cons. · Japanese GAAP
FYE Aug 2021	31.7	−2.3pp	Cons. · Japanese GAAP
FYE Aug 2022	28.2	−3.4pp	Cons. · Japanese GAAP
FYE Aug 2023	27.1	−1.1pp	Cons. · Japanese GAAP
FYE Aug 2024	26.9	−0.2pp	Cons. · Japanese GAAP
FYE Aug 2025	24.9	−2.0pp	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 Aug 2025 ¥260bn

CAGR · 10 yrs +34.7%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Dec 2016	17.8	n/a	Cons. · Japanese GAAP
FYE Dec 2017	126	+607.5%	Cons. · Japanese GAAP
FYE Aug 2018	126	−0.0%	Cons. · Japanese GAAP
FYE Aug 2019	142	+13.0%	Cons. · Japanese GAAP
FYE Aug 2020	138	−2.7%	Cons. · Japanese GAAP
FYE Aug 2021	141	+2.1%	Cons. · Japanese GAAP
FYE Aug 2022	153	+8.3%	Cons. · Japanese GAAP
FYE Aug 2023	201	+31.1%	Cons. · Japanese GAAP
FYE Aug 2024	229	+14.2%	Cons. · Japanese GAAP
FYE Aug 2025	260	+13.5%	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 Aug 2025 ¥98bn

CAGR · 10 yrs +43.7%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Dec 2016	3.7	n/a	Cons. · Japanese GAAP
FYE Dec 2017	12.0	+221.5%	Cons. · Japanese GAAP
FYE Aug 2018	15.0	+24.3%	Cons. · Japanese GAAP
FYE Aug 2019	21.1	+41.2%	Cons. · Japanese GAAP
FYE Aug 2020	25.7	+21.8%	Cons. · Japanese GAAP
FYE Aug 2021	33.3	+29.5%	Cons. · Japanese GAAP
FYE Aug 2022	40.3	+20.8%	Cons. · Japanese GAAP
FYE Aug 2023	68.5	+69.9%	Cons. · Japanese GAAP
FYE Aug 2024	81.9	+19.6%	Cons. · Japanese GAAP
FYE Aug 2025	97.6	+19.2%	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 Aug 2025 ¥59bn

CAGR · 10 yrs +30.3%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Dec 2016	5.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	77.3	+1326.3%	Cons. · Japanese GAAP
FYE Aug 2018	74.0	−4.2%	Cons. · Japanese GAAP
FYE Aug 2019	68.4	−7.6%	Cons. · Japanese GAAP
FYE Aug 2020	70.2	+2.5%	Cons. · Japanese GAAP
FYE Aug 2021	64.0	−8.8%	Cons. · Japanese GAAP
FYE Aug 2022	59.4	−7.2%	Cons. · Japanese GAAP
FYE Aug 2023	54.0	−9.2%	Cons. · Japanese GAAP
FYE Aug 2024	52.9	−2.0%	Cons. · Japanese GAAP
FYE Aug 2025	58.8	+11.2%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Aug 2025 ¥3.2bn

CAGR · 10 yrs +1.8%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Dec 2016	2.7	n/a	Cons. · Japanese GAAP
FYE Dec 2017	2.5	−7.0%	Cons. · Japanese GAAP
FYE Aug 2018	2.5	−0.0%	Cons. · Japanese GAAP
FYE Aug 2019	2.5	−0.0%	Cons. · Japanese GAAP
FYE Aug 2020	6.1	+142.4%	Cons. · Japanese GAAP
FYE Aug 2021	4.6	−24.4%	Cons. · Japanese GAAP
FYE Aug 2022	5.5	+19.0%	Cons. · Japanese GAAP
FYE Aug 2023	3.0	−45.0%	Cons. · Japanese GAAP
FYE Aug 2024	3.1	+2.2%	Cons. · Japanese GAAP
FYE Aug 2025	3.2	+2.8%	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 Aug 2025 ¥56bn

CAGR · 10 yrs +39.8%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Dec 2016	2.7	n/a	Cons. · Japanese GAAP
FYE Dec 2017	74.8	+2638.7%	Cons. · Japanese GAAP
FYE Aug 2018	71.5	−4.4%	Cons. · Japanese GAAP
FYE Aug 2019	65.9	−7.8%	Cons. · Japanese GAAP
FYE Aug 2020	64.1	−2.8%	Cons. · Japanese GAAP
FYE Aug 2021	59.4	−7.3%	Cons. · Japanese GAAP
FYE Aug 2022	54.0	−9.2%	Cons. · Japanese GAAP
FYE Aug 2023	51.0	−5.6%	Cons. · Japanese GAAP
FYE Aug 2024	49.8	−2.3%	Cons. · Japanese GAAP
FYE Aug 2025	55.7	+11.7%	Cons. · Japanese GAAP

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

Intangible assets

FYE Aug 2025 ¥53bn

CAGR · 10 yrs +33.7%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Dec 2016	3.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	53.8	+1275.6%	Cons. · Japanese GAAP
FYE Aug 2018	51.6	−4.1%	Cons. · Japanese GAAP
FYE Aug 2019	58.2	+12.8%	Cons. · Japanese GAAP
FYE Aug 2020	55.0	−5.4%	Cons. · Japanese GAAP
FYE Aug 2021	52.4	−4.7%	Cons. · Japanese GAAP
FYE Aug 2022	49.8	−5.0%	Cons. · Japanese GAAP
FYE Aug 2023	48.7	−2.2%	Cons. · Japanese GAAP
FYE Aug 2024	47.2	−3.0%	Cons. · Japanese GAAP
FYE Aug 2025	53.2	+12.7%	Cons. · Japanese GAAP

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

Goodwill

FYE Aug 2025 ¥40bn

CAGR · 10 yrs +36.1%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Dec 2016	2.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	50.2	+1906.7%	Cons. · Japanese GAAP
FYE Aug 2018	47.9	−4.5%	Cons. · Japanese GAAP
FYE Aug 2019	54.2	+13.2%	Cons. · Japanese GAAP
FYE Aug 2020	50.6	−6.6%	Cons. · Japanese GAAP
FYE Aug 2021	47.3	−6.5%	Cons. · Japanese GAAP
FYE Aug 2022	44.3	−6.3%	Cons. · Japanese GAAP
FYE Aug 2023	42.6	−3.9%	Cons. · Japanese GAAP
FYE Aug 2024	39.5	−7.3%	Cons. · Japanese GAAP
FYE Aug 2025	40.0	+1.3%	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 Aug 2025 37.6%

Average · 10 yrs 23.3%

Fiscal year	Equity ratio %	YoY	Basis
FYE Dec 2016	21.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	9.6	−11.5pp	Cons. · Japanese GAAP
FYE Aug 2018	11.9	+2.3pp	Cons. · Japanese GAAP
FYE Aug 2019	14.9	+3.0pp	Cons. · Japanese GAAP
FYE Aug 2020	18.6	+3.7pp	Cons. · Japanese GAAP
FYE Aug 2021	23.6	+5.0pp	Cons. · Japanese GAAP
FYE Aug 2022	26.3	+2.7pp	Cons. · Japanese GAAP
FYE Aug 2023	34.1	+7.8pp	Cons. · Japanese GAAP
FYE Aug 2024	35.8	+1.6pp	Cons. · Japanese GAAP
FYE Aug 2025	37.6	+1.8pp	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 Aug 2025 60.3%

Average · 10 yrs 242.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Dec 2016	144.8	n/a	Cons. · Japanese GAAP
FYE Dec 2017	642.6	+497.8pp	Cons. · Japanese GAAP
FYE Aug 2018	494.9	−147.7pp	Cons. · Japanese GAAP
FYE Aug 2019	324.0	−170.9pp	Cons. · Japanese GAAP
FYE Aug 2020	272.7	−51.2pp	Cons. · Japanese GAAP
FYE Aug 2021	192.0	−80.7pp	Cons. · Japanese GAAP
FYE Aug 2022	147.5	−44.5pp	Cons. · Japanese GAAP
FYE Aug 2023	78.8	−68.7pp	Cons. · Japanese GAAP
FYE Aug 2024	64.6	−14.2pp	Cons. · Japanese GAAP
FYE Aug 2025	60.3	−4.3pp	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 Aug 2025 18.9%

Average · 10 yrs 14.7%

Fiscal year	ROE %	YoY	Basis
FYE Dec 2016	-25.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	3.5	+28.5pp	Cons. · Japanese GAAP
FYE Aug 2018	21.2	+17.6pp	Cons. · Japanese GAAP
FYE Aug 2019	28.7	+7.5pp	Cons. · Japanese GAAP
FYE Aug 2020	19.1	−9.7pp	Cons. · Japanese GAAP
FYE Aug 2021	24.1	+5.1pp	Cons. · Japanese GAAP
FYE Aug 2022	21.6	−2.6pp	Cons. · Japanese GAAP
FYE Aug 2023	16.0	−5.6pp	Cons. · Japanese GAAP
FYE Aug 2024	18.8	+2.7pp	Cons. · Japanese GAAP
FYE Aug 2025	18.9	+0.1pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Aug 2025 7.1%

Average · 10 yrs 3.6%

Fiscal year	ROA %	YoY	Basis
FYE Dec 2016	-5.3	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.3	+5.6pp	Cons. · Japanese GAAP
FYE Aug 2018	2.5	+2.2pp	Cons. · Japanese GAAP
FYE Aug 2019	4.3	+1.8pp	Cons. · Japanese GAAP
FYE Aug 2020	3.5	−0.7pp	Cons. · Japanese GAAP
FYE Aug 2021	5.7	+2.1pp	Cons. · Japanese GAAP
FYE Aug 2022	5.7	−0.0pp	Cons. · Japanese GAAP
FYE Aug 2023	5.5	−0.2pp	Cons. · Japanese GAAP
FYE Aug 2024	6.7	+1.2pp	Cons. · Japanese GAAP
FYE Aug 2025	7.1	+0.4pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Aug 2025 1.50×

CAGR · 10 yrs −5.8%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Dec 2016	2.58	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.91	−64.8%	Cons. · Japanese GAAP
FYE Aug 2018	0.86	−5.6%	Cons. · Japanese GAAP
FYE Aug 2019	1.24	+44.2%	Cons. · Japanese GAAP
FYE Aug 2020	1.40	+13.0%	Cons. · Japanese GAAP
FYE Aug 2021	1.47	+5.6%	Cons. · Japanese GAAP
FYE Aug 2022	1.56	+5.5%	Cons. · Japanese GAAP
FYE Aug 2023	1.38	−11.4%	Cons. · Japanese GAAP
FYE Aug 2024	1.43	+3.6%	Cons. · Japanese GAAP
FYE Aug 2025	1.50	+5.3%	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 Aug 2025 ¥21bn

Average · 10 yrs ¥13bn

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Dec 2016	-0.2	n/a	Cons. · Japanese GAAP
FYE Dec 2017	12.4	n/a	Cons. · Japanese GAAP
FYE Aug 2018	10.1	−18.8%	Cons. · Japanese GAAP
FYE Aug 2019	19.6	+94.5%	Cons. · Japanese GAAP
FYE Aug 2020	8.0	−59.2%	Cons. · Japanese GAAP
FYE Aug 2021	15.7	+96.6%	Cons. · Japanese GAAP
FYE Aug 2022	17.7	+12.4%	Cons. · Japanese GAAP
FYE Aug 2023	10.7	−39.5%	Cons. · Japanese GAAP
FYE Aug 2024	15.9	+48.6%	Cons. · Japanese GAAP
FYE Aug 2025	20.7	+30.3%	Cons. · Japanese GAAP

Definition: Cash the business itself generated
Formula: Cash flow from operating activities
Source: Securities report (XBRL)

Investing cash flow

FYE Aug 2025 -¥20bn

Average · 10 yrs -¥14bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Dec 2016	-4.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	-59.5	n/a	Cons. · Japanese GAAP
FYE Aug 2018	-5.5	n/a	Cons. · Japanese GAAP
FYE Aug 2019	-6.7	n/a	Cons. · Japanese GAAP
FYE Aug 2020	-7.8	n/a	Cons. · Japanese GAAP
FYE Aug 2021	-4.2	n/a	Cons. · Japanese GAAP
FYE Aug 2022	-7.4	n/a	Cons. · Japanese GAAP
FYE Aug 2023	-9.4	n/a	Cons. · Japanese GAAP
FYE Aug 2024	-10.6	n/a	Cons. · Japanese GAAP
FYE Aug 2025	-20.2	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 Aug 2025 ¥3.5bn

CAGR · 10 yrs −1.3%

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Dec 2016	4.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	58.2	+1370.3%	Cons. · Japanese GAAP
FYE Aug 2018	-3.9	−106.7%	Cons. · Japanese GAAP
FYE Aug 2019	-6.1	n/a	Cons. · Japanese GAAP
FYE Aug 2020	-4.0	n/a	Cons. · Japanese GAAP
FYE Aug 2021	-6.7	n/a	Cons. · Japanese GAAP
FYE Aug 2022	-5.4	n/a	Cons. · Japanese GAAP
FYE Aug 2023	23.1	n/a	Cons. · Japanese GAAP
FYE Aug 2024	-4.8	−120.6%	Cons. · Japanese GAAP
FYE Aug 2025	3.5	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 Aug 2025 ¥57bn

CAGR · 10 yrs +45.2%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Dec 2016	2.0	n/a	Cons. · Japanese GAAP
FYE Dec 2017	13.0	+557.7%	Cons. · Japanese GAAP
FYE Aug 2018	13.7	+5.4%	Cons. · Japanese GAAP
FYE Aug 2019	20.6	+50.0%	Cons. · Japanese GAAP
FYE Aug 2020	16.8	−18.4%	Cons. · Japanese GAAP
FYE Aug 2021	21.6	+28.6%	Cons. · Japanese GAAP
FYE Aug 2022	26.4	+22.3%	Cons. · Japanese GAAP
FYE Aug 2023	52.1	+97.6%	Cons. · Japanese GAAP
FYE Aug 2024	52.7	+1.2%	Cons. · Japanese GAAP
FYE Aug 2025	56.9	+7.9%	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 Aug 2025 ¥0.5bn

Average · 10 yrs -¥0.6bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Dec 2016	-5.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	-47.1	n/a	Cons. · Japanese GAAP
FYE Aug 2018	4.6	n/a	Cons. · Japanese GAAP
FYE Aug 2019	12.9	+181.6%	Cons. · Japanese GAAP
FYE Aug 2020	0.2	−98.1%	Cons. · Japanese GAAP
FYE Aug 2021	11.5	+4584.6%	Cons. · Japanese GAAP
FYE Aug 2022	10.3	−11.0%	Cons. · Japanese GAAP
FYE Aug 2023	1.2	−88.0%	Cons. · Japanese GAAP
FYE Aug 2024	5.2	+324.0%	Cons. · Japanese GAAP
FYE Aug 2025	0.5	−90.6%	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 Aug 2025 5.3%

Average · 10 yrs 6.4%

Fiscal year	OCF margin %	YoY	Basis
FYE Dec 2016	-0.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	10.9	+11.3pp	Cons. · Japanese GAAP
FYE Aug 2018	9.3	−1.5pp	Cons. · Japanese GAAP
FYE Aug 2019	11.2	+1.8pp	Cons. · Japanese GAAP
FYE Aug 2020	4.1	−7.0pp	Cons. · Japanese GAAP
FYE Aug 2021	7.5	+3.4pp	Cons. · Japanese GAAP
FYE Aug 2022	7.4	−0.1pp	Cons. · Japanese GAAP
FYE Aug 2023	3.9	−3.6pp	Cons. · Japanese GAAP
FYE Aug 2024	4.9	+1.0pp	Cons. · Japanese GAAP
FYE Aug 2025	5.3	+0.4pp	Cons. · Japanese GAAP

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

Net cash

FYE Aug 2025 -¥1.9bn

Average · 10 yrs -¥31bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Dec 2016	-3.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	-64.3	n/a	Cons. · Japanese GAAP
FYE Aug 2018	-60.3	n/a	Cons. · Japanese GAAP
FYE Aug 2019	-47.9	n/a	Cons. · Japanese GAAP
FYE Aug 2020	-53.4	n/a	Cons. · Japanese GAAP
FYE Aug 2021	-42.4	n/a	Cons. · Japanese GAAP
FYE Aug 2022	-33.0	n/a	Cons. · Japanese GAAP
FYE Aug 2023	-1.8	n/a	Cons. · Japanese GAAP
FYE Aug 2024	-0.2	n/a	Cons. · Japanese GAAP
FYE Aug 2025	-1.9	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 Aug 2025 ¥376bn

Change · 9 yrs +¥315bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Dec 2016	n/a	n/a
FYE Dec 2017	61.8	n/a
FYE Aug 2018	97.8	n/a
FYE Aug 2019	48.5	n/a
FYE Aug 2020	75.7	n/a
FYE Aug 2021	185	n/a
FYE Aug 2022	127	n/a
FYE Aug 2023	210	n/a
FYE Aug 2024	340	n/a
FYE Aug 2025	376	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 Aug 2025 2,087¥

Change · 9 yrs +1,058¥

Fiscal year	Share price ¥	Basis
FYE Dec 2016	n/a	n/a
FYE Dec 2017	1,029	n/a
FYE Aug 2018	1,628	n/a
FYE Aug 2019	807	n/a
FYE Aug 2020	1,260	n/a
FYE Aug 2021	3,085	n/a
FYE Aug 2022	2,114	n/a
FYE Aug 2023	3,500	n/a
FYE Aug 2024	5,661	n/a
FYE Aug 2025	2,087	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 Aug 2025 180,375,333shares

Change · 10 yrs +163,949,733 shares

Fiscal year	Shares outstanding shares	Basis
FYE Dec 2016	16,425,600	Parent
FYE Dec 2017	60,057,011	Parent
FYE Aug 2018	60,060,011	Parent
FYE Aug 2019	60,063,011	Parent
FYE Aug 2020	60,072,611	Parent
FYE Aug 2021	60,083,111	Parent
FYE Aug 2022	60,089,111	Parent
FYE Aug 2023	60,096,611	Parent
FYE Aug 2024	60,125,111	Parent
FYE Aug 2025	180,375,333	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 Aug 2025 101.99¥

Change · 10 yrs +158.94¥

Fiscal year	EPS ¥	Basis
FYE Dec 2016	-56.95	Cons.
FYE Dec 2017	21.21	Cons.
FYE Aug 2018	52.77	Cons.
FYE Aug 2019	101.05	Cons.
FYE Aug 2020	81.73	Cons.
FYE Aug 2021	44.63	Cons.
FYE Aug 2022	48.20	Cons.
FYE Aug 2023	61.05	Cons.
FYE Aug 2024	85.15	Cons.
FYE Aug 2025	101.99	Cons.

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

BPS book value per share

FYE Aug 2025 540.93¥

Change · 10 yrs +313.12¥

Fiscal year	BPS ¥	Basis
FYE Dec 2016	227.82	Cons. · Japanese GAAP
FYE Dec 2017	200.31	Cons. · Japanese GAAP
FYE Aug 2018	249.07	Cons. · Japanese GAAP
FYE Aug 2019	351.71	Cons. · Japanese GAAP
FYE Aug 2020	428.33	Cons. · Japanese GAAP
FYE Aug 2021	554.75	Cons. · Japanese GAAP
FYE Aug 2022	670.32	Cons. · Japanese GAAP
FYE Aug 2023	1,139.03	Cons. · Japanese GAAP
FYE Aug 2024	1,361.61	Cons. · Japanese GAAP
FYE Aug 2025	540.93	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Aug 2025 20.46×

Average · 9 yrs 22.46×

Fiscal year	PER ×	Basis
FYE Dec 2016	n/a	Cons.
FYE Dec 2017	48.51	Cons.
FYE Aug 2018	30.85	Cons.
FYE Aug 2019	7.99	Cons.
FYE Aug 2020	15.42	Cons.
FYE Aug 2021	23.04	Cons.
FYE Aug 2022	14.62	Cons.
FYE Aug 2023	19.11	Cons.
FYE Aug 2024	22.16	Cons.
FYE Aug 2025	20.46	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 Aug 2025 3.86×

Average · 9 yrs 4.08×

Fiscal year	PBR ×	Basis
FYE Dec 2016	n/a	Cons.
FYE Dec 2017	5.14	Cons.
FYE Aug 2018	6.54	Cons.
FYE Aug 2019	2.30	Cons.
FYE Aug 2020	2.94	Cons.
FYE Aug 2021	5.56	Cons.
FYE Aug 2022	3.15	Cons.
FYE Aug 2023	3.07	Cons.
FYE Aug 2024	4.16	Cons.
FYE Aug 2025	3.86	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 Aug 2025 5,737people

Change · 10 yrs +5,323 people

Fiscal year	Group employees people	YoY	Basis
FYE Dec 2016	414	n/a	Cons.
FYE Dec 2017	3,856	+831.4%	Cons.
FYE Aug 2018	4,073	+5.6%	Cons.
FYE Aug 2019	4,876	+19.7%	Cons.
FYE Aug 2020	4,845	−0.6%	Cons.
FYE Aug 2021	4,692	−3.2%	Cons.
FYE Aug 2022	4,846	+3.3%	Cons.
FYE Aug 2023	4,905	+1.2%	Cons.
FYE Aug 2024	5,344	+9.0%	Cons.
FYE Aug 2025	5,737	+7.4%	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 Aug 2025 274people

Change · 10 yrs −55 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Dec 2016	329	n/a	Parent
FYE Dec 2017	158	−52.0%	Parent
FYE Aug 2018	211	+33.5%	Parent
FYE Aug 2019	216	+2.4%	Parent
FYE Aug 2020	213	−1.4%	Parent
FYE Aug 2021	209	−1.9%	Parent
FYE Aug 2022	234	+12.0%	Parent
FYE Aug 2023	208	−11.1%	Parent
FYE Aug 2024	272	+30.8%	Parent
FYE Aug 2025	274	+0.7%	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 Aug 2025 650万円

Change · 7 yrs +56万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Dec 2016	n/a	n/a	Parent
FYE Dec 2017	n/a	n/a	Parent
FYE Aug 2018	n/a	n/a	Parent
FYE Aug 2019	594	n/a	Parent
FYE Aug 2020	599	+0.9%	Parent
FYE Aug 2021	604	+0.8%	Parent
FYE Aug 2022	601	−0.4%	Parent
FYE Aug 2023	555	−7.7%	Parent
FYE Aug 2024	623	+12.2%	Parent
FYE Aug 2025	650	+4.4%	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 Aug 2025 37.8years

Change · 7 yrs +0.4 years

Fiscal year	Average age years	YoY	Basis
FYE Dec 2016	n/a	n/a	Parent
FYE Dec 2017	n/a	n/a	Parent
FYE Aug 2018	n/a	n/a	Parent
FYE Aug 2019	37.4	n/a	Parent
FYE Aug 2020	37.9	+1.3%	Parent
FYE Aug 2021	37.6	−0.8%	Parent
FYE Aug 2022	36.8	−2.1%	Parent
FYE Aug 2023	36.4	−1.1%	Parent
FYE Aug 2024	36.5	+0.3%	Parent
FYE Aug 2025	37.8	+3.6%	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 Aug 2025 9.1years

Change · 7 yrs +0.9 years

Fiscal year	Average length of service years	YoY	Basis
FYE Dec 2016	n/a	n/a	Parent
FYE Dec 2017	n/a	n/a	Parent
FYE Aug 2018	n/a	n/a	Parent
FYE Aug 2019	8.2	n/a	Parent
FYE Aug 2020	8.7	+6.1%	Parent
FYE Aug 2021	8.0	−8.2%	Parent
FYE Aug 2022	8.0	+0.4%	Parent
FYE Aug 2023	8.1	+0.6%	Parent
FYE Aug 2024	8.4	+4.3%	Parent
FYE Aug 2025	9.1	+8.3%	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 Aug 2025 1,504people

Change · 10 yrs +1,049 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Dec 2016	455	n/a	n/a
FYE Dec 2017	1,191	+161.8%	n/a
FYE Aug 2018	1,099	−7.7%	n/a
FYE Aug 2019	1,523	+38.6%	n/a
FYE Aug 2020	1,455	−4.5%	n/a
FYE Aug 2021	1,608	+10.5%	n/a
FYE Aug 2022	1,406	−12.6%	n/a
FYE Aug 2023	1,401	−0.4%	n/a
FYE Aug 2024	1,479	+5.6%	n/a
FYE Aug 2025	1,504	+1.7%	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 Aug 2025 ¥68.1m

Change · 10 yrs −¥42.7m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Dec 2016	111	n/a	Cons.
FYE Dec 2017	29.6	−73.2%	Cons.
FYE Aug 2018	26.5	−10.6%	Cons.
FYE Aug 2019	36.0	+36.0%	Cons.
FYE Aug 2020	39.9	+10.6%	Cons.
FYE Aug 2021	44.4	+11.4%	Cons.
FYE Aug 2022	49.1	+10.6%	Cons.
FYE Aug 2023	56.3	+14.7%	Cons.
FYE Aug 2024	61.1	+8.5%	Cons.
FYE Aug 2025	68.1	+11.3%	Cons.

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

Operating profit per employee

FYE Aug 2025 ¥5.5m

Change · 10 yrs +¥6.5m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Dec 2016	-1.0	n/a	Cons.
FYE Dec 2017	1.5	n/a	Cons.
FYE Aug 2018	1.5	−3.1%	Cons.
FYE Aug 2019	1.7	+14.6%	Cons.
FYE Aug 2020	2.2	+32.9%	Cons.
FYE Aug 2021	3.3	+48.1%	Cons.
FYE Aug 2022	3.6	+7.4%	Cons.
FYE Aug 2023	4.4	+23.0%	Cons.
FYE Aug 2024	5.4	+23.9%	Cons.
FYE Aug 2025	5.5	+1.0%	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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