Financials

TEPCO: FYE Mar 2026 and ten years of results (49 metrics)

FYE Mar 2026 · Revenue¥6.33tnYoY −7.1%

FYE Mar 2026 · Operating profit¥338bnYoY +44.0%

FYE Mar 2026 · Net profit-¥454bnYoY −381.7%

FYE Mar 2026 · Equity ratio21.8%YoY −3.3pp

FYE Mar 2026 · Group employees38,341YoY +267

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥5.36tn	n/a	¥259bn	n/a	4.8%	¥133bn	Hirose Naomi	Becomes TEPCO Holdings; operating companies split out
FYE Mar 2018Consolidated	¥5.85tn	+9.2%	¥288bn	+11.5%	4.9%	¥318bn	Hirose Naomi	Tomoaki Kobayakawa becomes president
FYE Mar 2019Consolidated	¥6.34tn	+8.3%	¥312bn	+8.2%	4.9%	¥232bn	Kobayakawa Tomoaki	—
FYE Mar 2020Consolidated	¥6.24tn	−1.5%	¥212bn	−32.2%	3.4%	¥51bn	Kobayakawa Tomoaki	JERA absorbs the thermal plants; TEPCO owns almost no generation
FYE Mar 2021Consolidated	¥5.87tn	−6.0%	¥143bn	−32.3%	2.4%	¥181bn	Kobayakawa Tomoaki	—
FYE Mar 2022Consolidated	¥5.31tn	−9.5%	¥46bn	−67.8%	0.9%	¥2.9bn	Kobayakawa Tomoaki	—
FYE Mar 2023Consolidated	¥8.11tn	+52.8%	-¥229bn	−595.3%	-2.8%	-¥124bn	Kobayakawa Tomoaki	Sells Eurus Energy — exits owned wind generation
FYE Mar 2024Consolidated	¥6.92tn	−14.7%	¥279bn	n/a	4.0%	¥268bn	Kobayakawa Tomoaki	Net loss as fuel prices spike (year ended March 2023)
FYE Mar 2025Consolidated	¥6.81tn	−1.6%	¥234bn	−15.9%	3.4%	¥161bn	Kobayakawa Tomoaki	Profit recovers (year ended March 2024)
FYE Mar 2026Consolidated	¥6.33tn	−7.1%	¥338bn	+44.0%	5.3%	-¥454bn	Kobayakawa Tomoaki	—

How it compares

TEPCO¥6.33tnFY2025Operating margin 5.3%

Kansai Electric Power¥4.06tnFY2025Operating margin 10.8%Chubu Electric Power¥3.55tnFY2025Operating margin 6.5%Tohoku Electric Power¥2.37tnFY2025Operating margin 6.8%Kyushu Electric Power¥2.25tnFY2025Operating margin 10.0%

The Chugoku Electric Power Company, Incorporated¥1.44tnFY2025Operating margin 6.3%

J-Power¥1.18tnFY2025Operating margin 8.5%Hokkaido Electric Power¥856bnFY2025Operating margin 8.6%

Hokuriku Electric Power¥787bnFY2025Operating margin 11.1%

Shikoku Electric Power¥762bnFY2025Operating margin 8.9%

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 ¥6.33tn

CAGR · 10 yrs +1.9%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	5,358	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5,851	+9.2%	Cons. · Japanese GAAP
FYE Mar 2019	6,338	+8.3%	Cons. · Japanese GAAP
FYE Mar 2020	6,241	−1.5%	Cons. · Japanese GAAP
FYE Mar 2021	5,867	−6.0%	Cons. · Japanese GAAP
FYE Mar 2022	5,310	−9.5%	Cons. · Japanese GAAP
FYE Mar 2023	8,112	+52.8%	Cons. · Japanese GAAP
FYE Mar 2024	6,918	−14.7%	Cons. · Japanese GAAP
FYE Mar 2025	6,810	−1.6%	Cons. · Japanese GAAP
FYE Mar 2026	6,329	−7.1%	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 ¥5.99tn

CAGR · 10 yrs +1.8%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	5,099	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5,562	+9.1%	Cons. · Japanese GAAP
FYE Mar 2019	6,026	+8.3%	Cons. · Japanese GAAP
FYE Mar 2020	6,030	+0.1%	Cons. · Japanese GAAP
FYE Mar 2021	5,723	−5.1%	Cons. · Japanese GAAP
FYE Mar 2022	5,264	−8.0%	Cons. · Japanese GAAP
FYE Mar 2023	8,341	+58.5%	Cons. · Japanese GAAP
FYE Mar 2024	6,640	−20.4%	Cons. · Japanese GAAP
FYE Mar 2025	6,576	−1.0%	Cons. · Japanese GAAP
FYE Mar 2026	5,991	−8.9%	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 ¥338bn

CAGR · 10 yrs +3.0%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	259	n/a	Cons. · Japanese GAAP
FYE Mar 2018	288	+11.5%	Cons. · Japanese GAAP
FYE Mar 2019	312	+8.2%	Cons. · Japanese GAAP
FYE Mar 2020	212	−32.2%	Cons. · Japanese GAAP
FYE Mar 2021	143	−32.3%	Cons. · Japanese GAAP
FYE Mar 2022	46.2	−67.8%	Cons. · Japanese GAAP
FYE Mar 2023	-229	−595.3%	Cons. · Japanese GAAP
FYE Mar 2024	279	n/a	Cons. · Japanese GAAP
FYE Mar 2025	234	−15.9%	Cons. · Japanese GAAP
FYE Mar 2026	338	+44.0%	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 ¥1.0m

CAGR · 9 yrs −0.0%

Fiscal year	SG&A ¥ m	YoY	Basis
FYE Mar 2017	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2019	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2021	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	1.0	−0.0%	Cons. · Japanese GAAP
FYE Mar 2026	1.0	−0.0%	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 ¥338bn

CAGR · 10 yrs +3.0%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	259	n/a	Cons. · Japanese GAAP
FYE Mar 2018	288	+11.5%	Cons. · Japanese GAAP
FYE Mar 2019	312	+8.2%	Cons. · Japanese GAAP
FYE Mar 2020	212	−32.2%	Cons. · Japanese GAAP
FYE Mar 2021	143	−32.3%	Cons. · Japanese GAAP
FYE Mar 2022	46.2	−67.8%	Cons. · Japanese GAAP
FYE Mar 2023	-229	−595.3%	Cons. · Japanese GAAP
FYE Mar 2024	279	n/a	Cons. · Japanese GAAP
FYE Mar 2025	234	−15.9%	Cons. · Japanese GAAP
FYE Mar 2026	338	+44.0%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥195bn

CAGR · 10 yrs +13.5%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	62.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	48.6	−21.9%	Cons. · Japanese GAAP
FYE Mar 2019	38.1	−21.6%	Cons. · Japanese GAAP
FYE Mar 2020	107	+181.8%	Cons. · Japanese GAAP
FYE Mar 2021	108	+0.7%	Cons. · Japanese GAAP
FYE Mar 2022	61.8	−42.9%	Cons. · Japanese GAAP
FYE Mar 2023	10.8	−82.6%	Cons. · Japanese GAAP
FYE Mar 2024	231	+2045.3%	Cons. · Japanese GAAP
FYE Mar 2025	132	−42.8%	Cons. · Japanese GAAP
FYE Mar 2026	195	+47.7%	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 ¥116bn

CAGR · 10 yrs +2.4%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	93.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	82.2	−11.9%	Cons. · Japanese GAAP
FYE Mar 2019	73.8	−10.2%	Cons. · Japanese GAAP
FYE Mar 2020	55.3	−25.2%	Cons. · Japanese GAAP
FYE Mar 2021	61.8	+11.8%	Cons. · Japanese GAAP
FYE Mar 2022	65.8	+6.5%	Cons. · Japanese GAAP
FYE Mar 2023	67.2	+2.2%	Cons. · Japanese GAAP
FYE Mar 2024	84.5	+25.8%	Cons. · Japanese GAAP
FYE Mar 2025	112	+32.8%	Cons. · Japanese GAAP
FYE Mar 2026	116	+3.0%	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 ¥417bn

CAGR · 10 yrs +7.0%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	228	n/a	Cons. · Japanese GAAP
FYE Mar 2018	255	+12.0%	Cons. · Japanese GAAP
FYE Mar 2019	277	+8.5%	Cons. · Japanese GAAP
FYE Mar 2020	264	−4.5%	Cons. · Japanese GAAP
FYE Mar 2021	190	−28.1%	Cons. · Japanese GAAP
FYE Mar 2022	42.2	−77.8%	Cons. · Japanese GAAP
FYE Mar 2023	-285	−775.6%	Cons. · Japanese GAAP
FYE Mar 2024	426	n/a	Cons. · Japanese GAAP
FYE Mar 2025	254	−40.2%	Cons. · Japanese GAAP
FYE Mar 2026	417	+64.0%	Cons. · Japanese GAAP

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

Extraordinary income

FYE Mar 2026 ¥185bn

CAGR · 10 yrs −6.3%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	331	n/a	Cons. · Japanese GAAP
FYE Mar 2018	382	+15.5%	Cons. · Japanese GAAP
FYE Mar 2019	160	−58.2%	Cons. · Japanese GAAP
FYE Mar 2020	415	+159.7%	Cons. · Japanese GAAP
FYE Mar 2021	142	−65.7%	Cons. · Japanese GAAP
FYE Mar 2022	117	−18.0%	Cons. · Japanese GAAP
FYE Mar 2023	694	+494.8%	Cons. · Japanese GAAP
FYE Mar 2024	139	−80.0%	Cons. · Japanese GAAP
FYE Mar 2025	87.3	−37.1%	Cons. · Japanese GAAP
FYE Mar 2026	185	+111.9%	Cons. · Japanese GAAP

Definition: One-off gains, such as an asset sale
Formula: Extraordinary income line of the income statement
Source: Securities report (XBRL)

Extraordinary loss

FYE Mar 2026 ¥997bn

CAGR · 9 yrs +11.7%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Mar 2017	411	n/a	Cons. · Japanese GAAP
FYE Mar 2018	308	−25.1%	Cons. · Japanese GAAP
FYE Mar 2019	178	−42.2%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2021	141	n/a	Cons. · Japanese GAAP
FYE Mar 2022	146	+4.0%	Cons. · Japanese GAAP
FYE Mar 2023	530	+261.6%	Cons. · Japanese GAAP
FYE Mar 2024	262	−50.5%	Cons. · Japanese GAAP
FYE Mar 2025	143	−45.4%	Cons. · Japanese GAAP
FYE Mar 2026	997	+596.9%	Cons. · Japanese GAAP

Definition: One-off losses, such as an impairment or a restructuring charge
Formula: Extraordinary loss line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 -¥454bn

Average · 10 yrs ¥77bn

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	133	n/a	Cons. · Japanese GAAP
FYE Mar 2018	318	+139.5%	Cons. · Japanese GAAP
FYE Mar 2019	232	−26.9%	Cons. · Japanese GAAP
FYE Mar 2020	50.7	−78.2%	Cons. · Japanese GAAP
FYE Mar 2021	181	+256.8%	Cons. · Japanese GAAP
FYE Mar 2022	2.9	−98.4%	Cons. · Japanese GAAP
FYE Mar 2023	-124	−4339.7%	Cons. · Japanese GAAP
FYE Mar 2024	268	n/a	Cons. · Japanese GAAP
FYE Mar 2025	161	−39.8%	Cons. · Japanese GAAP
FYE Mar 2026	-454	−381.7%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 5.3%

Average · 10 yrs 3.1%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	4.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	4.9	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	3.4	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2021	2.4	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	0.9	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	-2.8	−3.7pp	Cons. · Japanese GAAP
FYE Mar 2024	4.0	+6.9pp	Cons. · Japanese GAAP
FYE Mar 2025	3.4	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	5.3	+1.9pp	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 Mar 2026 5.3%

Average · 10 yrs 3.1%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	4.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.9	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	4.9	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	3.4	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2021	2.4	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	0.9	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	-2.8	−3.7pp	Cons. · Japanese GAAP
FYE Mar 2024	4.0	+6.9pp	Cons. · Japanese GAAP
FYE Mar 2025	3.4	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	5.3	+1.9pp	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 6.6%

Average · 10 yrs 3.4%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	4.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	4.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	4.2	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	3.2	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2022	0.8	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2023	-3.5	−4.3pp	Cons. · Japanese GAAP
FYE Mar 2024	6.2	+9.7pp	Cons. · Japanese GAAP
FYE Mar 2025	3.7	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2026	6.6	+2.9pp	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 -7.2%

Average · 10 yrs 1.3%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	2.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.4	+3.0pp	Cons. · Japanese GAAP
FYE Mar 2019	3.7	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2020	0.8	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2021	3.1	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2022	0.1	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2023	-1.5	−1.6pp	Cons. · Japanese GAAP
FYE Mar 2024	3.9	+5.4pp	Cons. · Japanese GAAP
FYE Mar 2025	2.4	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2026	-7.2	−9.5pp	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 94.7%

Average · 10 yrs 96.9%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	95.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	95.1	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	95.1	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	96.6	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2021	97.6	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2022	99.1	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2023	102.8	+3.7pp	Cons. · Japanese GAAP
FYE Mar 2024	96.0	−6.9pp	Cons. · Japanese GAAP
FYE Mar 2025	96.6	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2026	94.7	−1.9pp	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 Mar 2026 0.0%

Average · 9 yrs 0.0%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	0.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	0.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	0.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	0.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	0.0	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	0.0	−0.0pp	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 Mar 2026 ¥15.6tn

CAGR · 10 yrs +2.7%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	12,278	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12,592	+2.6%	Cons. · Japanese GAAP
FYE Mar 2019	12,757	+1.3%	Cons. · Japanese GAAP
FYE Mar 2020	11,958	−6.3%	Cons. · Japanese GAAP
FYE Mar 2021	12,093	+1.1%	Cons. · Japanese GAAP
FYE Mar 2022	12,838	+6.2%	Cons. · Japanese GAAP
FYE Mar 2023	13,563	+5.6%	Cons. · Japanese GAAP
FYE Mar 2024	14,595	+7.6%	Cons. · Japanese GAAP
FYE Mar 2025	14,987	+2.7%	Cons. · Japanese GAAP
FYE Mar 2026	15,576	+3.9%	Cons. · Japanese GAAP

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

Equity net assets, shareholders' equity

FYE Mar 2026 ¥3.39tn

CAGR · 10 yrs +4.2%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	2,343	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,651	+13.1%	Cons. · Japanese GAAP
FYE Mar 2019	2,889	+9.0%	Cons. · Japanese GAAP
FYE Mar 2020	2,900	+0.4%	Cons. · Japanese GAAP
FYE Mar 2021	3,125	+7.8%	Cons. · Japanese GAAP
FYE Mar 2022	3,182	+1.8%	Cons. · Japanese GAAP
FYE Mar 2023	3,095	−2.7%	Cons. · Japanese GAAP
FYE Mar 2024	3,511	+13.4%	Cons. · Japanese GAAP
FYE Mar 2025	3,759	+7.1%	Cons. · Japanese GAAP
FYE Mar 2026	3,390	−9.8%	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 ¥3.03tn

CAGR · 10 yrs +1.8%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	2,573	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,889	+12.3%	Cons. · Japanese GAAP
FYE Mar 2019	3,500	+21.2%	Cons. · Japanese GAAP
FYE Mar 2020	2,189	−37.5%	Cons. · Japanese GAAP
FYE Mar 2021	2,137	−2.4%	Cons. · Japanese GAAP
FYE Mar 2022	2,316	+8.4%	Cons. · Japanese GAAP
FYE Mar 2023	2,277	−1.7%	Cons. · Japanese GAAP
FYE Mar 2024	2,703	+18.7%	Cons. · Japanese GAAP
FYE Mar 2025	2,937	+8.7%	Cons. · Japanese GAAP
FYE Mar 2026	3,026	+3.0%	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 ¥2.93tn

CAGR · 10 yrs +14.6%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	860	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,581	+83.8%	Cons. · Japanese GAAP
FYE Mar 2019	2,772	+75.3%	Cons. · Japanese GAAP
FYE Mar 2020	1,973	−28.8%	Cons. · Japanese GAAP
FYE Mar 2021	1,968	−0.3%	Cons. · Japanese GAAP
FYE Mar 2022	2,170	+10.3%	Cons. · Japanese GAAP
FYE Mar 2023	2,183	+0.6%	Cons. · Japanese GAAP
FYE Mar 2024	2,636	+20.8%	Cons. · Japanese GAAP
FYE Mar 2025	2,868	+8.8%	Cons. · Japanese GAAP
FYE Mar 2026	2,926	+2.0%	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 ¥100bn

CAGR · 10 yrs −27.1%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	1,713	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,307	−23.7%	Cons. · Japanese GAAP
FYE Mar 2019	728	−44.3%	Cons. · Japanese GAAP
FYE Mar 2020	216	−70.3%	Cons. · Japanese GAAP
FYE Mar 2021	169	−21.5%	Cons. · Japanese GAAP
FYE Mar 2022	146	−14.0%	Cons. · Japanese GAAP
FYE Mar 2023	93.7	−35.7%	Cons. · Japanese GAAP
FYE Mar 2024	66.4	−29.1%	Cons. · Japanese GAAP
FYE Mar 2025	69.4	+4.5%	Cons. · Japanese GAAP
FYE Mar 2026	99.9	+44.0%	Cons. · Japanese GAAP

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

Equity ratio

FYE Mar 2026 21.8%

Average · 10 yrs 23.1%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	19.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	21.1	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2019	22.6	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2020	24.3	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	25.8	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2022	24.8	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	22.8	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2024	24.1	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2025	25.1	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2026	21.8	−3.3pp	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 89.3%

Average · 10 yrs 87.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	109.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	108.9	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2019	121.1	+12.2pp	Cons. · Japanese GAAP
FYE Mar 2020	75.5	−45.7pp	Cons. · Japanese GAAP
FYE Mar 2021	68.4	−7.1pp	Cons. · Japanese GAAP
FYE Mar 2022	72.8	+4.4pp	Cons. · Japanese GAAP
FYE Mar 2023	73.6	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	77.0	+3.4pp	Cons. · Japanese GAAP
FYE Mar 2025	78.1	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	89.3	+11.1pp	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 -13.4%

Average · 10 yrs 2.8%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	5.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.0	+6.3pp	Cons. · Japanese GAAP
FYE Mar 2019	8.0	−4.0pp	Cons. · Japanese GAAP
FYE Mar 2020	1.7	−6.3pp	Cons. · Japanese GAAP
FYE Mar 2021	5.8	+4.0pp	Cons. · Japanese GAAP
FYE Mar 2022	0.1	−5.7pp	Cons. · Japanese GAAP
FYE Mar 2023	-4.0	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2024	7.6	+11.6pp	Cons. · Japanese GAAP
FYE Mar 2025	4.3	−3.3pp	Cons. · Japanese GAAP
FYE Mar 2026	-13.4	−17.7pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 -2.9%

Average · 10 yrs 0.6%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.5	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	1.8	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	0.4	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	1.5	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	0.0	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	-0.9	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2024	1.8	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2025	1.1	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2026	-2.9	−4.0pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.41×

CAGR · 10 yrs −0.8%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.44	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.46	+6.5%	Cons. · Japanese GAAP
FYE Mar 2019	0.50	+6.9%	Cons. · Japanese GAAP
FYE Mar 2020	0.52	+5.1%	Cons. · Japanese GAAP
FYE Mar 2021	0.49	−7.1%	Cons. · Japanese GAAP
FYE Mar 2022	0.41	−14.7%	Cons. · Japanese GAAP
FYE Mar 2023	0.60	+44.6%	Cons. · Japanese GAAP
FYE Mar 2024	0.47	−20.7%	Cons. · Japanese GAAP
FYE Mar 2025	0.45	−4.1%	Cons. · Japanese GAAP
FYE Mar 2026	0.41	−10.6%	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 ¥560bn

CAGR · 10 yrs −3.7%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	783	n/a	Cons. · Japanese GAAP
FYE Mar 2018	752	−3.9%	Cons. · Japanese GAAP
FYE Mar 2019	504	−33.0%	Cons. · Japanese GAAP
FYE Mar 2020	323	−35.8%	Cons. · Japanese GAAP
FYE Mar 2021	240	−25.9%	Cons. · Japanese GAAP
FYE Mar 2022	406	+69.5%	Cons. · Japanese GAAP
FYE Mar 2023	-75.7	−118.6%	Cons. · Japanese GAAP
FYE Mar 2024	673	n/a	Cons. · Japanese GAAP
FYE Mar 2025	361	−46.3%	Cons. · Japanese GAAP
FYE Mar 2026	560	+55.1%	Cons. · Japanese GAAP

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

Investing cash flow

FYE Mar 2026 -¥664bn

Average · 10 yrs -¥583bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-478	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-521	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-571	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-508	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-577	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-560	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-389	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-699	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-859	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-664	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 ¥110bn

Average · 10 yrs ¥101bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-604	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.5	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-118	−1038.7%	Cons. · Japanese GAAP
FYE Mar 2020	13.6	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-20.3	−249.7%	Cons. · Japanese GAAP
FYE Mar 2022	561	n/a	Cons. · Japanese GAAP
FYE Mar 2023	320	−42.9%	Cons. · Japanese GAAP
FYE Mar 2024	541	+69.2%	Cons. · Japanese GAAP
FYE Mar 2025	194	−64.1%	Cons. · Japanese GAAP
FYE Mar 2026	110	−43.1%	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 ¥937bn

CAGR · 10 yrs −0.0%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	940	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,184	+26.0%	Cons. · Japanese GAAP
FYE Mar 2019	999	−15.6%	Cons. · Japanese GAAP
FYE Mar 2020	812	−18.7%	Cons. · Japanese GAAP
FYE Mar 2021	454	−44.1%	Cons. · Japanese GAAP
FYE Mar 2022	862	+89.7%	Cons. · Japanese GAAP
FYE Mar 2023	717	−16.8%	Cons. · Japanese GAAP
FYE Mar 2024	1,235	+72.2%	Cons. · Japanese GAAP
FYE Mar 2025	926	−25.0%	Cons. · Japanese GAAP
FYE Mar 2026	937	+1.1%	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 -¥103bn

Average · 10 yrs -¥130bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	305	n/a	Cons. · Japanese GAAP
FYE Mar 2018	232	−24.0%	Cons. · Japanese GAAP
FYE Mar 2019	-67.1	−129.0%	Cons. · Japanese GAAP
FYE Mar 2020	-185	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-337	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-153	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-465	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-25.8	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-498	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-103	n/a	Cons. · Japanese GAAP

Definition: What is left once the business has paid for its own investment
Formula: Operating cash flow + investing cash flow
Source: Securities report (XBRL)

Operating cash flow margin

FYE Mar 2026 8.9%

Average · 10 yrs 7.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	14.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	12.9	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2019	7.9	−4.9pp	Cons. · Japanese GAAP
FYE Mar 2020	5.2	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2021	4.1	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	7.7	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2023	-0.9	−8.6pp	Cons. · Japanese GAAP
FYE Mar 2024	9.7	+10.7pp	Cons. · Japanese GAAP
FYE Mar 2025	5.3	−4.4pp	Cons. · Japanese GAAP
FYE Mar 2026	8.9	+3.5pp	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 -¥2.09tn

Average · 10 yrs -¥1.75tn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-1,633	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-1,704	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-2,501	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-1,376	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-1,683	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-1,454	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-1,559	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-1,467	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-2,011	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-2,090	n/a	Cons. · Japanese GAAP

Definition: Cash on hand once the borrowings are paid off
Formula: Cash and equivalents − interest-bearing debt
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Mar 2026 n/a

Change · 8 yrs −¥9.9bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	701	n/a
FYE Mar 2018	660	n/a
FYE Mar 2019	1,126	n/a
FYE Mar 2020	606	n/a
FYE Mar 2021	593	n/a
FYE Mar 2022	335	n/a
FYE Mar 2023	n/a	n/a
FYE Mar 2024	1,518	n/a
FYE Mar 2025	691	n/a
FYE Mar 2026	n/a	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 n/a

Change · 8 yrs −6¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	436	n/a
FYE Mar 2018	411	n/a
FYE Mar 2019	701	n/a
FYE Mar 2020	377	n/a
FYE Mar 2021	369	n/a
FYE Mar 2022	208	n/a
FYE Mar 2023	n/a	n/a
FYE Mar 2024	945	n/a
FYE Mar 2025	430	n/a
FYE Mar 2026	n/a	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 1,607,017,000shares

Change · 10 yrs −0 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	1,607,017,000	Parent
FYE Mar 2018	1,607,017,000	Parent
FYE Mar 2019	1,607,017,000	Parent
FYE Mar 2020	1,607,017,000	Parent
FYE Mar 2021	1,607,017,000	Parent
FYE Mar 2022	1,607,017,000	Parent
FYE Mar 2023	1,607,017,000	Parent
FYE Mar 2024	1,607,017,000	Parent
FYE Mar 2025	1,607,017,000	Parent
FYE Mar 2026	1,607,017,000	Parent

Definition: How many shares exist
Formula: Shares issued, from the key figures of the filing
Source: Securities report (XBRL)

EPS earnings per share

FYE Mar 2026 -283.51¥

Change · 10 yrs −366.40¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	82.89	Cons.
FYE Mar 2018	198.52	Cons.
FYE Mar 2019	145.06	Cons.
FYE Mar 2020	31.65	Cons.
FYE Mar 2021	112.90	Cons.
FYE Mar 2022	1.82	Cons.
FYE Mar 2023	-77.17	Cons.
FYE Mar 2024	167.18	Cons.
FYE Mar 2025	100.67	Cons.
FYE Mar 2026	-283.51	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 2,109.28¥

Change · 10 yrs +651.03¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,458.25	Cons. · Japanese GAAP
FYE Mar 2018	1,649.88	Cons. · Japanese GAAP
FYE Mar 2019	1,798.00	Cons. · Japanese GAAP
FYE Mar 2020	1,804.70	Cons. · Japanese GAAP
FYE Mar 2021	1,944.79	Cons. · Japanese GAAP
FYE Mar 2022	1,979.90	Cons. · Japanese GAAP
FYE Mar 2023	1,926.18	Cons. · Japanese GAAP
FYE Mar 2024	2,184.96	Cons. · Japanese GAAP
FYE Mar 2025	2,339.26	Cons. · Japanese GAAP
FYE Mar 2026	2,109.28	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 n/a

Average · 8 yrs 18.97×

Fiscal year	PER ×	Basis
FYE Mar 2017	5.26	Cons.
FYE Mar 2018	2.07	Cons.
FYE Mar 2019	4.83	Cons.
FYE Mar 2020	11.91	Cons.
FYE Mar 2021	3.27	Cons.
FYE Mar 2022	114.49	Cons.
FYE Mar 2023	n/a	Cons.
FYE Mar 2024	5.65	Cons.
FYE Mar 2025	4.27	Cons.
FYE Mar 2026	n/a	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 n/a

Average · 8 yrs 0.39×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.52	Cons.
FYE Mar 2018	0.40	Cons.
FYE Mar 2019	0.59	Cons.
FYE Mar 2020	0.32	Cons.
FYE Mar 2021	0.28	Cons.
FYE Mar 2022	0.15	Cons.
FYE Mar 2023	n/a	Cons.
FYE Mar 2024	0.60	Cons.
FYE Mar 2025	0.25	Cons.
FYE Mar 2026	n/a	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 38,341people

Change · 10 yrs −3,719 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	42,060	n/a	Cons.
FYE Mar 2018	41,525	−1.3%	Cons.
FYE Mar 2019	41,086	−1.1%	Cons.
FYE Mar 2020	37,892	−7.8%	Cons.
FYE Mar 2021	37,891	−0.0%	Cons.
FYE Mar 2022	37,939	+0.1%	Cons.
FYE Mar 2023	38,007	+0.2%	Cons.
FYE Mar 2024	38,183	+0.5%	Cons.
FYE Mar 2025	38,074	−0.3%	Cons.
FYE Mar 2026	38,341	+0.7%	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 7,157people

Change · 10 yrs −586 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	7,743	n/a	Parent
FYE Mar 2018	8,443	+9.0%	Parent
FYE Mar 2019	8,309	−1.6%	Parent
FYE Mar 2020	8,291	−0.2%	Parent
FYE Mar 2021	7,180	−13.4%	Parent
FYE Mar 2022	7,113	−0.9%	Parent
FYE Mar 2023	7,051	−0.9%	Parent
FYE Mar 2024	7,200	+2.1%	Parent
FYE Mar 2025	7,200	−0.0%	Parent
FYE Mar 2026	7,157	−0.6%	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 ¥8.8m

Change · 10 yrs +¥0.6m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	8.2	n/a	Parent
FYE Mar 2018	8.0	−2.4%	Parent
FYE Mar 2019	8.1	+0.4%	Parent
FYE Mar 2020	8.1	+0.8%	Parent
FYE Mar 2021	8.2	+0.9%	Parent
FYE Mar 2022	8.2	−0.5%	Parent
FYE Mar 2023	8.1	−0.1%	Parent
FYE Mar 2024	8.3	+2.2%	Parent
FYE Mar 2025	8.6	+3.3%	Parent
FYE Mar 2026	8.8	+2.7%	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 45.1years

Change · 8 yrs −0.2 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	45.3	n/a	Parent
FYE Mar 2020	45.4	+0.2%	Parent
FYE Mar 2021	45.3	−0.2%	Parent
FYE Mar 2022	44.8	−1.1%	Parent
FYE Mar 2023	45.0	+0.4%	Parent
FYE Mar 2024	45.2	+0.4%	Parent
FYE Mar 2025	45.0	−0.4%	Parent
FYE Mar 2026	45.1	+0.2%	Parent

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

Average length of service

FYE Mar 2026 22.1years

Change · 10 yrs −1.1 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	23.2	n/a	Parent
FYE Mar 2018	23.5	+1.3%	Parent
FYE Mar 2019	23.1	−1.7%	Parent
FYE Mar 2020	23.0	−0.4%	Parent
FYE Mar 2021	22.4	−2.6%	Parent
FYE Mar 2022	22.1	−1.3%	Parent
FYE Mar 2023	22.2	+0.5%	Parent
FYE Mar 2024	20.0	−9.9%	Parent
FYE Mar 2025	21.9	+9.5%	Parent
FYE Mar 2026	22.1	+0.9%	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 1,622people

Change · 10 yrs −1,535 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	3,157	n/a	n/a
FYE Mar 2018	3,085	−2.3%	n/a
FYE Mar 2019	2,956	−4.2%	n/a
FYE Mar 2020	2,842	−3.9%	n/a
FYE Mar 2021	2,639	−7.1%	n/a
FYE Mar 2022	2,522	−4.4%	n/a
FYE Mar 2023	2,406	−4.6%	n/a
FYE Mar 2024	2,357	−2.0%	n/a
FYE Mar 2025	1,606	−31.9%	n/a
FYE Mar 2026	1,622	+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 ¥165m

Change · 10 yrs +¥37.7m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	127	n/a	Cons.
FYE Mar 2018	141	+10.6%	Cons.
FYE Mar 2019	154	+9.5%	Cons.
FYE Mar 2020	165	+6.8%	Cons.
FYE Mar 2021	155	−6.0%	Cons.
FYE Mar 2022	140	−9.6%	Cons.
FYE Mar 2023	213	+52.5%	Cons.
FYE Mar 2024	181	−15.1%	Cons.
FYE Mar 2025	179	−1.3%	Cons.
FYE Mar 2026	165	−7.7%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥8.8m

Change · 10 yrs +¥2.7m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	6.2	n/a	Cons.
FYE Mar 2018	6.9	+13.0%	Cons.
FYE Mar 2019	7.6	+9.4%	Cons.
FYE Mar 2020	5.6	−26.4%	Cons.
FYE Mar 2021	3.8	−32.3%	Cons.
FYE Mar 2022	1.2	−67.8%	Cons.
FYE Mar 2023	-6.0	−594.4%	Cons.
FYE Mar 2024	7.3	n/a	Cons.
FYE Mar 2025	6.2	−15.7%	Cons.
FYE Mar 2026	8.8	+43.0%	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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