Financials

Kansai Electric Power: FYE Mar 2026 and ten years of results (49 metrics)

FYE Mar 2026 · Revenue¥4.06tnYoY −6.5%

FYE Mar 2026 · Operating profit¥438bnYoY −6.7%

FYE Mar 2026 · Net profit¥380bnYoY −9.6%

FYE Mar 2026 · Equity ratio35.1%YoY +3.3pp

FYE Mar 2026 · Group employees32,482YoY +1,054

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥3.01tn	n/a	¥218bn	n/a	7.2%	¥141bn	Yagi Makoto	Takahama No. 3 and No. 4 restart under the new standards
FYE Mar 2018Consolidated	¥3.13tn	+4.1%	¥228bn	+4.5%	7.3%	¥152bn	Iwane Shigeki	—
FYE Mar 2019Consolidated	¥3.31tn	+5.6%	¥205bn	−10.0%	6.2%	¥115bn	Iwane Shigeki	—
FYE Mar 2020Consolidated	¥3.18tn	−3.7%	¥207bn	+1.0%	6.5%	¥130bn	Iwane Shigeki	The cash-and-gifts affair involving former executives comes to light
FYE Mar 2021Consolidated	¥3.09tn	−2.9%	¥146bn	−29.6%	4.7%	¥109bn	Iwane Shigeki	The third-party committee establishes the receipts
FYE Mar 2022Consolidated	¥2.85tn	−7.8%	¥99bn	−31.9%	3.5%	¥86bn	Morimoto Takashi	Japan Fair Trade Commission on-site inspections
FYE Mar 2023Consolidated	¥3.95tn	+38.6%	-¥52bn	−152.4%	-1.3%	¥18bn	Morimoto Takashi	<a class="en-history_person" href="/tse/9503/executives/ceo/mori-nozomu/" hreflang="ja">Mori Nozomu</a> becomes president
FYE Mar 2024Consolidated	¥4.06tn	+2.7%	¥729bn	n/a	18.0%	¥442bn	Mori Nozomu	A seven-reactor operating fleet is achieved
FYE Mar 2025Consolidated	¥4.34tn	+6.8%	¥469bn	−35.7%	10.8%	¥420bn	Mori Nozomu	Record profit
FYE Mar 2026Consolidated	¥4.06tn	−6.5%	¥438bn	−6.7%	10.8%	¥380bn	Mori Nozomu	—

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 ¥4.06tn

CAGR · 10 yrs +3.4%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	3,011	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3,134	+4.1%	Cons. · Japanese GAAP
FYE Mar 2019	3,308	+5.6%	Cons. · Japanese GAAP
FYE Mar 2020	3,184	−3.7%	Cons. · Japanese GAAP
FYE Mar 2021	3,092	−2.9%	Cons. · Japanese GAAP
FYE Mar 2022	2,852	−7.8%	Cons. · Japanese GAAP
FYE Mar 2023	3,952	+38.6%	Cons. · Japanese GAAP
FYE Mar 2024	4,059	+2.7%	Cons. · Japanese GAAP
FYE Mar 2025	4,337	+6.8%	Cons. · Japanese GAAP
FYE Mar 2026	4,057	−6.5%	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 Mar 2026 ¥3.62tn

CAGR · 10 yrs +2.9%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	2,794	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2,906	+4.0%	Cons. · Japanese GAAP
FYE Mar 2019	3,103	+6.8%	Cons. · Japanese GAAP
FYE Mar 2020	2,977	−4.0%	Cons. · Japanese GAAP
FYE Mar 2021	2,947	−1.0%	Cons. · Japanese GAAP
FYE Mar 2022	2,753	−6.6%	Cons. · Japanese GAAP
FYE Mar 2023	4,004	+45.5%	Cons. · Japanese GAAP
FYE Mar 2024	3,330	−16.8%	Cons. · Japanese GAAP
FYE Mar 2025	3,868	+16.1%	Cons. · Japanese GAAP
FYE Mar 2026	3,619	−6.4%	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 ¥438bn

CAGR · 10 yrs +8.1%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	218	n/a	Cons. · Japanese GAAP
FYE Mar 2018	228	+4.5%	Cons. · Japanese GAAP
FYE Mar 2019	205	−10.0%	Cons. · Japanese GAAP
FYE Mar 2020	207	+1.0%	Cons. · Japanese GAAP
FYE Mar 2021	146	−29.6%	Cons. · Japanese GAAP
FYE Mar 2022	99.3	−31.9%	Cons. · Japanese GAAP
FYE Mar 2023	-52.1	−152.4%	Cons. · Japanese GAAP
FYE Mar 2024	729	n/a	Cons. · Japanese GAAP
FYE Mar 2025	469	−35.7%	Cons. · Japanese GAAP
FYE Mar 2026	438	−6.7%	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 ¥1.0m

CAGR · 10 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	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2020	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2021	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2022	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2023	0.0	n/a	Cons. · Japanese GAAP
FYE Mar 2024	1.0	n/a	Cons. · Japanese GAAP
FYE Mar 2025	0.0	−100.0%	Cons. · Japanese GAAP
FYE Mar 2026	1.0	n/a	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 ¥438bn

CAGR · 10 yrs +8.1%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	218	n/a	Cons. · Japanese GAAP
FYE Mar 2018	228	+4.5%	Cons. · Japanese GAAP
FYE Mar 2019	205	−10.0%	Cons. · Japanese GAAP
FYE Mar 2020	207	+1.0%	Cons. · Japanese GAAP
FYE Mar 2021	146	−29.6%	Cons. · Japanese GAAP
FYE Mar 2022	99.3	−31.9%	Cons. · Japanese GAAP
FYE Mar 2023	-52.1	−152.4%	Cons. · Japanese GAAP
FYE Mar 2024	729	n/a	Cons. · Japanese GAAP
FYE Mar 2025	469	−35.7%	Cons. · Japanese GAAP
FYE Mar 2026	438	−6.7%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥163bn

CAGR · 10 yrs +12.4%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	56.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	35.9	−36.9%	Cons. · Japanese GAAP
FYE Mar 2019	52.5	+46.3%	Cons. · Japanese GAAP
FYE Mar 2020	51.7	−1.5%	Cons. · Japanese GAAP
FYE Mar 2021	51.4	−0.7%	Cons. · Japanese GAAP
FYE Mar 2022	75.5	+47.1%	Cons. · Japanese GAAP
FYE Mar 2023	96.3	+27.6%	Cons. · Japanese GAAP
FYE Mar 2024	97.0	+0.7%	Cons. · Japanese GAAP
FYE Mar 2025	117	+21.0%	Cons. · Japanese GAAP
FYE Mar 2026	163	+39.1%	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 ¥82bn

CAGR · 10 yrs +0.5%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	78.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	46.3	−41.0%	Cons. · Japanese GAAP
FYE Mar 2019	53.7	+16.0%	Cons. · Japanese GAAP
FYE Mar 2020	47.1	−12.3%	Cons. · Japanese GAAP
FYE Mar 2021	43.3	−8.2%	Cons. · Japanese GAAP
FYE Mar 2022	38.9	−10.1%	Cons. · Japanese GAAP
FYE Mar 2023	50.9	+31.0%	Cons. · Japanese GAAP
FYE Mar 2024	59.9	+17.6%	Cons. · Japanese GAAP
FYE Mar 2025	54.5	−9.0%	Cons. · Japanese GAAP
FYE Mar 2026	82.2	+50.8%	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 Mar 2026 ¥519bn

CAGR · 10 yrs +11.4%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	196	n/a	Cons. · Japanese GAAP
FYE Mar 2018	217	+10.7%	Cons. · Japanese GAAP
FYE Mar 2019	204	−6.2%	Cons. · Japanese GAAP
FYE Mar 2020	212	+3.9%	Cons. · Japanese GAAP
FYE Mar 2021	154	−27.3%	Cons. · Japanese GAAP
FYE Mar 2022	136	−11.6%	Cons. · Japanese GAAP
FYE Mar 2023	-6.7	−104.9%	Cons. · Japanese GAAP
FYE Mar 2024	766	n/a	Cons. · Japanese GAAP
FYE Mar 2025	532	−30.6%	Cons. · Japanese GAAP
FYE Mar 2026	519	−2.5%	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 loss

FYE Mar 2026 n/a

CAGR · 4 yrs +59.9%

Fiscal year	Extraordinary loss ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	30.9	n/a	Cons. · Japanese GAAP
FYE Mar 2020	24.1	−21.9%	Cons. · Japanese GAAP
FYE Mar 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	10.8	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	126	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: 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 ¥380bn

CAGR · 10 yrs +11.7%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	141	n/a	Cons. · Japanese GAAP
FYE Mar 2018	152	+7.9%	Cons. · Japanese GAAP
FYE Mar 2019	115	−24.2%	Cons. · Japanese GAAP
FYE Mar 2020	130	+13.0%	Cons. · Japanese GAAP
FYE Mar 2021	109	−16.2%	Cons. · Japanese GAAP
FYE Mar 2022	85.8	−21.2%	Cons. · Japanese GAAP
FYE Mar 2023	17.7	−79.4%	Cons. · Japanese GAAP
FYE Mar 2024	442	+2399.4%	Cons. · Japanese GAAP
FYE Mar 2025	420	−4.9%	Cons. · Japanese GAAP
FYE Mar 2026	380	−9.6%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 10.8%

Average · 10 yrs 7.4%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	7.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.3	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	6.2	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2020	6.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	4.7	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2022	3.5	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	-1.3	−4.8pp	Cons. · Japanese GAAP
FYE Mar 2024	18.0	+19.3pp	Cons. · Japanese GAAP
FYE Mar 2025	10.8	−7.1pp	Cons. · Japanese GAAP
FYE Mar 2026	10.8	−0.0pp	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 10.8%

Average · 10 yrs 7.4%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	7.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.3	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	6.2	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2020	6.5	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	4.7	−1.8pp	Cons. · Japanese GAAP
FYE Mar 2022	3.5	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	-1.3	−4.8pp	Cons. · Japanese GAAP
FYE Mar 2024	18.0	+19.3pp	Cons. · Japanese GAAP
FYE Mar 2025	10.8	−7.1pp	Cons. · Japanese GAAP
FYE Mar 2026	10.8	−0.0pp	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 12.8%

Average · 10 yrs 8.0%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	6.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	6.2	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2020	6.6	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	5.0	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2022	4.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	-0.2	−4.9pp	Cons. · Japanese GAAP
FYE Mar 2024	18.9	+19.0pp	Cons. · Japanese GAAP
FYE Mar 2025	12.3	−6.6pp	Cons. · Japanese GAAP
FYE Mar 2026	12.8	+0.5pp	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 9.4%

Average · 10 yrs 5.4%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	4.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	4.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	3.5	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2020	4.1	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	3.5	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	3.0	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2023	0.4	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2024	10.9	+10.4pp	Cons. · Japanese GAAP
FYE Mar 2025	9.7	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2026	9.4	−0.3pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Mar 2026 89.2%

Average · 10 yrs 92.6%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	92.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	92.7	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	93.8	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2020	93.5	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	95.3	+1.8pp	Cons. · Japanese GAAP
FYE Mar 2022	96.5	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	101.3	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2024	82.0	−19.3pp	Cons. · Japanese GAAP
FYE Mar 2025	89.2	+7.1pp	Cons. · Japanese GAAP
FYE Mar 2026	89.2	−0.0pp	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 0.0%

Average · 10 yrs 0.0%

Fiscal year	YoY	Basis
FYE Mar 2017	n/a	Cons. · Japanese GAAP
FYE Mar 2018	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2021	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2022	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2023	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2024	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2025	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	−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 ¥9.85tn

CAGR · 10 yrs +4.1%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	6,853	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6,985	+1.9%	Cons. · Japanese GAAP
FYE Mar 2019	7,257	+3.9%	Cons. · Japanese GAAP
FYE Mar 2020	7,613	+4.9%	Cons. · Japanese GAAP
FYE Mar 2021	8,076	+6.1%	Cons. · Japanese GAAP
FYE Mar 2022	8,656	+7.2%	Cons. · Japanese GAAP
FYE Mar 2023	8,774	+1.4%	Cons. · Japanese GAAP
FYE Mar 2024	9,033	+2.9%	Cons. · Japanese GAAP
FYE Mar 2025	9,653	+6.9%	Cons. · Japanese GAAP
FYE Mar 2026	9,855	+2.1%	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 ¥3.46tn

CAGR · 10 yrs +11.3%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	1,323	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,454	+9.9%	Cons. · Japanese GAAP
FYE Mar 2019	1,514	+4.1%	Cons. · Japanese GAAP
FYE Mar 2020	1,601	+5.7%	Cons. · Japanese GAAP
FYE Mar 2021	1,685	+5.2%	Cons. · Japanese GAAP
FYE Mar 2022	1,660	−1.5%	Cons. · Japanese GAAP
FYE Mar 2023	1,789	+7.8%	Cons. · Japanese GAAP
FYE Mar 2024	2,273	+27.1%	Cons. · Japanese GAAP
FYE Mar 2025	3,066	+34.9%	Cons. · Japanese GAAP
FYE Mar 2026	3,455	+12.7%	Cons. · Japanese GAAP

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

Interest-bearing debt

FYE Mar 2026 ¥2.33tn

CAGR · 10 yrs +1.7%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	1,996	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,969	−1.4%	Cons. · Japanese GAAP
FYE Mar 2019	2,011	+2.1%	Cons. · Japanese GAAP
FYE Mar 2020	2,159	+7.4%	Cons. · Japanese GAAP
FYE Mar 2021	2,378	+10.1%	Cons. · Japanese GAAP
FYE Mar 2022	2,428	+2.1%	Cons. · Japanese GAAP
FYE Mar 2023	2,733	+12.6%	Cons. · Japanese GAAP
FYE Mar 2024	2,550	−6.7%	Cons. · Japanese GAAP
FYE Mar 2025	2,456	−3.7%	Cons. · Japanese GAAP
FYE Mar 2026	2,327	−5.3%	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 ¥155bn

CAGR · 10 yrs +0.2%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	152	n/a	Cons. · Japanese GAAP
FYE Mar 2018	143	−5.9%	Cons. · Japanese GAAP
FYE Mar 2019	146	+2.0%	Cons. · Japanese GAAP
FYE Mar 2020	145	−1.1%	Cons. · Japanese GAAP
FYE Mar 2021	147	+1.8%	Cons. · Japanese GAAP
FYE Mar 2022	151	+2.4%	Cons. · Japanese GAAP
FYE Mar 2023	156	+3.2%	Cons. · Japanese GAAP
FYE Mar 2024	157	+0.9%	Cons. · Japanese GAAP
FYE Mar 2025	160	+1.8%	Cons. · Japanese GAAP
FYE Mar 2026	155	−3.0%	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 ¥2.17tn

CAGR · 10 yrs +1.8%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	1,844	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,826	−1.0%	Cons. · Japanese GAAP
FYE Mar 2019	1,865	+2.1%	Cons. · Japanese GAAP
FYE Mar 2020	2,014	+8.0%	Cons. · Japanese GAAP
FYE Mar 2021	2,231	+10.7%	Cons. · Japanese GAAP
FYE Mar 2022	2,277	+2.1%	Cons. · Japanese GAAP
FYE Mar 2023	2,578	+13.2%	Cons. · Japanese GAAP
FYE Mar 2024	2,393	−7.2%	Cons. · Japanese GAAP
FYE Mar 2025	2,296	−4.0%	Cons. · Japanese GAAP
FYE Mar 2026	2,172	−5.4%	Cons. · Japanese GAAP

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

Bonds

FYE Mar 2026 n/a

CAGR · 9 yrs +4.9%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	990	n/a	Cons. · Japanese GAAP
FYE Mar 2018	950	−4.1%	Cons. · Japanese GAAP
FYE Mar 2019	1,060	+11.7%	Cons. · Japanese GAAP
FYE Mar 2020	1,114	+5.1%	Cons. · Japanese GAAP
FYE Mar 2021	1,214	+9.0%	Cons. · Japanese GAAP
FYE Mar 2022	1,614	+32.9%	Cons. · Japanese GAAP
FYE Mar 2023	1,600	−0.9%	Cons. · Japanese GAAP
FYE Mar 2024	1,494	−6.7%	Cons. · Japanese GAAP
FYE Mar 2025	1,451	−2.9%	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

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

Equity ratio

FYE Mar 2026 35.1%

Average · 10 yrs 23.4%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	19.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	20.8	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2019	20.9	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2020	21.0	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2021	20.9	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	19.2	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2023	20.4	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2024	25.2	+4.8pp	Cons. · Japanese GAAP
FYE Mar 2025	31.8	+6.6pp	Cons. · Japanese GAAP
FYE Mar 2026	35.1	+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 67.3%

Average · 10 yrs 125.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	150.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	135.4	−15.5pp	Cons. · Japanese GAAP
FYE Mar 2019	132.8	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2020	134.9	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2021	141.1	+6.3pp	Cons. · Japanese GAAP
FYE Mar 2022	146.3	+5.2pp	Cons. · Japanese GAAP
FYE Mar 2023	152.8	+6.5pp	Cons. · Japanese GAAP
FYE Mar 2024	112.2	−40.6pp	Cons. · Japanese GAAP
FYE Mar 2025	80.1	−32.0pp	Cons. · Japanese GAAP
FYE Mar 2026	67.3	−12.8pp	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 11.0%

Average · 10 yrs 9.4%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	10.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	10.4	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2019	7.6	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2020	8.1	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2021	6.5	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2022	5.2	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2023	1.0	−4.2pp	Cons. · Japanese GAAP
FYE Mar 2024	19.4	+18.5pp	Cons. · Japanese GAAP
FYE Mar 2025	13.7	−5.7pp	Cons. · Japanese GAAP
FYE Mar 2026	11.0	−2.7pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 3.9%

Average · 10 yrs 2.3%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	2.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.2	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2019	1.6	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2020	1.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	1.3	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2022	1.0	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	0.2	−0.8pp	Cons. · Japanese GAAP
FYE Mar 2024	4.9	+4.7pp	Cons. · Japanese GAAP
FYE Mar 2025	4.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	3.9	−0.5pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.41×

CAGR · 10 yrs −0.7%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.44	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.45	+2.1%	Cons. · Japanese GAAP
FYE Mar 2019	0.46	+1.6%	Cons. · Japanese GAAP
FYE Mar 2020	0.42	−8.2%	Cons. · Japanese GAAP
FYE Mar 2021	0.38	−8.5%	Cons. · Japanese GAAP
FYE Mar 2022	0.33	−14.0%	Cons. · Japanese GAAP
FYE Mar 2023	0.45	+36.7%	Cons. · Japanese GAAP
FYE Mar 2024	0.45	−0.2%	Cons. · Japanese GAAP
FYE Mar 2025	0.45	−0.0%	Cons. · Japanese GAAP
FYE Mar 2026	0.41	−8.4%	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 ¥652bn

CAGR · 10 yrs +3.3%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	486	n/a	Cons. · Japanese GAAP
FYE Mar 2018	623	+28.3%	Cons. · Japanese GAAP
FYE Mar 2019	450	−27.8%	Cons. · Japanese GAAP
FYE Mar 2020	463	+3.0%	Cons. · Japanese GAAP
FYE Mar 2021	369	−20.3%	Cons. · Japanese GAAP
FYE Mar 2022	410	+11.1%	Cons. · Japanese GAAP
FYE Mar 2023	128	−68.8%	Cons. · Japanese GAAP
FYE Mar 2024	1,155	+802.1%	Cons. · Japanese GAAP
FYE Mar 2025	575	−50.2%	Cons. · Japanese GAAP
FYE Mar 2026	652	+13.4%	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 -¥572bn

Average · 10 yrs -¥486bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-346	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-447	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-538	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-577	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-661	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-533	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-418	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-428	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-342	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-572	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 -¥290bn

Average · 10 yrs ¥14bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-130	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-162	n/a	Cons. · Japanese GAAP
FYE Mar 2019	103	n/a	Cons. · Japanese GAAP
FYE Mar 2020	211	+104.9%	Cons. · Japanese GAAP
FYE Mar 2021	326	+54.2%	Cons. · Japanese GAAP
FYE Mar 2022	319	−2.1%	Cons. · Japanese GAAP
FYE Mar 2023	117	−63.3%	Cons. · Japanese GAAP
FYE Mar 2024	-489	−517.5%	Cons. · Japanese GAAP
FYE Mar 2025	138	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-290	−310.8%	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 ¥741bn

CAGR · 10 yrs +21.3%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	131	n/a	Cons. · Japanese GAAP
FYE Mar 2018	144	+10.2%	Cons. · Japanese GAAP
FYE Mar 2019	159	+10.3%	Cons. · Japanese GAAP
FYE Mar 2020	255	+60.7%	Cons. · Japanese GAAP
FYE Mar 2021	291	+14.0%	Cons. · Japanese GAAP
FYE Mar 2022	490	+68.4%	Cons. · Japanese GAAP
FYE Mar 2023	322	−34.3%	Cons. · Japanese GAAP
FYE Mar 2024	564	+75.2%	Cons. · Japanese GAAP
FYE Mar 2025	941	+66.8%	Cons. · Japanese GAAP
FYE Mar 2026	741	−21.3%	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 ¥80bn

CAGR · 10 yrs −6.0%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	140	n/a	Cons. · Japanese GAAP
FYE Mar 2018	176	+25.8%	Cons. · Japanese GAAP
FYE Mar 2019	-88.1	−150.1%	Cons. · Japanese GAAP
FYE Mar 2020	-114	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-292	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-122	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-290	n/a	Cons. · Japanese GAAP
FYE Mar 2024	727	n/a	Cons. · Japanese GAAP
FYE Mar 2025	233	−68.0%	Cons. · Japanese GAAP
FYE Mar 2026	80.5	−65.5%	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 16.1%

Average · 10 yrs 15.2%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	16.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	19.9	+3.8pp	Cons. · Japanese GAAP
FYE Mar 2019	13.6	−6.3pp	Cons. · Japanese GAAP
FYE Mar 2020	14.6	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	11.9	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2022	14.4	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2023	3.2	−11.1pp	Cons. · Japanese GAAP
FYE Mar 2024	28.5	+25.2pp	Cons. · Japanese GAAP
FYE Mar 2025	13.3	−15.2pp	Cons. · Japanese GAAP
FYE Mar 2026	16.1	+2.8pp	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 -¥1.59tn

Average · 10 yrs -¥1.90tn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-1,865	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-1,825	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-1,852	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-1,903	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-2,086	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-1,938	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-2,411	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-1,985	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-1,515	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-1,586	n/a	Cons. · Japanese GAAP

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

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

Market capitalisation

FYE Mar 2026 ¥2.88tn

Change · 10 yrs +¥1.60tn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	1,283	n/a
FYE Mar 2018	1,283	n/a
FYE Mar 2019	1,532	n/a
FYE Mar 2020	1,130	n/a
FYE Mar 2021	1,125	n/a
FYE Mar 2022	1,078	n/a
FYE Mar 2023	1,212	n/a
FYE Mar 2024	2,059	n/a
FYE Mar 2025	1,974	n/a
FYE Mar 2026	2,883	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 2,586¥

Change · 10 yrs +1,220¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,366	n/a
FYE Mar 2018	1,367	n/a
FYE Mar 2019	1,632	n/a
FYE Mar 2020	1,204	n/a
FYE Mar 2021	1,198	n/a
FYE Mar 2022	1,149	n/a
FYE Mar 2023	1,291	n/a
FYE Mar 2024	2,193	n/a
FYE Mar 2025	1,771	n/a
FYE Mar 2026	2,586	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 1,114,927,000shares

Change · 10 yrs +176,194,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	938,733,000	Parent
FYE Mar 2018	938,733,000	Parent
FYE Mar 2019	938,733,000	Parent
FYE Mar 2020	938,733,000	Parent
FYE Mar 2021	938,733,000	Parent
FYE Mar 2022	938,733,000	Parent
FYE Mar 2023	938,733,000	Parent
FYE Mar 2024	938,733,000	Parent
FYE Mar 2025	1,114,927,000	Parent
FYE Mar 2026	1,114,927,000	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 341.14¥

Change · 10 yrs +183.56¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	157.58	Cons.
FYE Mar 2018	170.01	Cons.
FYE Mar 2019	128.83	Cons.
FYE Mar 2020	145.55	Cons.
FYE Mar 2021	122.02	Cons.
FYE Mar 2022	96.14	Cons.
FYE Mar 2023	19.81	Cons.
FYE Mar 2024	495.09	Cons.
FYE Mar 2025	436.09	Cons.
FYE Mar 2026	341.14	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 3,099.01¥

Change · 10 yrs +1,690.03¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,408.99	Cons. · Japanese GAAP
FYE Mar 2018	1,548.99	Cons. · Japanese GAAP
FYE Mar 2019	1,613.07	Cons. · Japanese GAAP
FYE Mar 2020	1,705.27	Cons. · Japanese GAAP
FYE Mar 2021	1,794.47	Cons. · Japanese GAAP
FYE Mar 2022	1,767.89	Cons. · Japanese GAAP
FYE Mar 2023	1,905.53	Cons. · Japanese GAAP
FYE Mar 2024	2,421.52	Cons. · Japanese GAAP
FYE Mar 2025	2,749.83	Cons. · Japanese GAAP
FYE Mar 2026	3,099.01	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 7.58×

Average · 10 yrs 14.07×

Fiscal year	PER ×	Basis
FYE Mar 2017	8.67	Cons.
FYE Mar 2018	8.04	Cons.
FYE Mar 2019	12.67	Cons.
FYE Mar 2020	8.27	Cons.
FYE Mar 2021	9.82	Cons.
FYE Mar 2022	11.95	Cons.
FYE Mar 2023	65.17	Cons.
FYE Mar 2024	4.43	Cons.
FYE Mar 2025	4.06	Cons.
FYE Mar 2026	7.58	Cons.

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

PBR price-to-book ratio

FYE Mar 2026 0.83×

Average · 10 yrs 0.76×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.92	Cons.
FYE Mar 2018	0.84	Cons.
FYE Mar 2019	0.96	Cons.
FYE Mar 2020	0.67	Cons.
FYE Mar 2021	0.64	Cons.
FYE Mar 2022	0.62	Cons.
FYE Mar 2023	0.64	Cons.
FYE Mar 2024	0.86	Cons.
FYE Mar 2025	0.64	Cons.
FYE Mar 2026	0.83	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 32,482people

Change · 10 yrs −184 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	32,666	n/a	Cons.
FYE Mar 2018	32,527	−0.4%	Cons.
FYE Mar 2019	32,597	+0.2%	Cons.
FYE Mar 2020	31,850	−2.3%	Cons.
FYE Mar 2021	31,933	+0.3%	Cons.
FYE Mar 2022	31,963	+0.1%	Cons.
FYE Mar 2023	31,628	−1.0%	Cons.
FYE Mar 2024	31,437	−0.6%	Cons.
FYE Mar 2025	31,428	−0.0%	Cons.
FYE Mar 2026	32,482	+3.4%	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 Mar 2026 8,336people

Change · 10 yrs −11,197 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	19,533	n/a	Parent
FYE Mar 2018	19,243	−1.5%	Parent
FYE Mar 2019	18,884	−1.9%	Parent
FYE Mar 2020	18,141	−3.9%	Parent
FYE Mar 2021	8,770	−51.7%	Parent
FYE Mar 2022	8,633	−1.6%	Parent
FYE Mar 2023	8,474	−1.8%	Parent
FYE Mar 2024	8,416	−0.7%	Parent
FYE Mar 2025	8,258	−1.9%	Parent
FYE Mar 2026	8,336	+0.9%	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 ¥9.4m

Change · 10 yrs +¥2.6m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	6.8	n/a	Parent
FYE Mar 2018	7.6	+11.2%	Parent
FYE Mar 2019	7.9	+4.5%	Parent
FYE Mar 2020	8.0	+1.0%	Parent
FYE Mar 2021	8.4	+4.7%	Parent
FYE Mar 2022	8.2	−1.9%	Parent
FYE Mar 2023	8.6	+4.3%	Parent
FYE Mar 2024	8.3	−2.9%	Parent
FYE Mar 2025	9.7	+17.1%	Parent
FYE Mar 2026	9.4	−3.5%	Parent

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

Average age

FYE Mar 2026 42.4years

Change · 8 yrs −0.8 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	43.2	n/a	Parent
FYE Mar 2020	43.3	+0.2%	Parent
FYE Mar 2021	43.1	−0.5%	Parent
FYE Mar 2022	43.0	−0.2%	Parent
FYE Mar 2023	42.8	−0.5%	Parent
FYE Mar 2024	42.8	−0.0%	Parent
FYE Mar 2025	42.6	−0.5%	Parent
FYE Mar 2026	42.4	−0.5%	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 19.4years

Change · 10 yrs −2.6 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	22.0	n/a	Parent
FYE Mar 2018	22.3	+1.4%	Parent
FYE Mar 2019	22.4	+0.4%	Parent
FYE Mar 2020	22.5	+0.4%	Parent
FYE Mar 2021	21.0	−6.7%	Parent
FYE Mar 2022	20.6	−1.9%	Parent
FYE Mar 2023	20.4	−1.0%	Parent
FYE Mar 2024	20.2	−1.0%	Parent
FYE Mar 2025	19.8	−2.0%	Parent
FYE Mar 2026	19.4	−2.0%	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 7,893people

Change · 10 yrs −5,277 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	13,170	n/a	n/a
FYE Mar 2018	13,389	+1.7%	n/a
FYE Mar 2019	13,102	−2.1%	n/a
FYE Mar 2020	12,401	−5.4%	n/a
FYE Mar 2021	12,246	−1.2%	n/a
FYE Mar 2022	11,729	−4.2%	n/a
FYE Mar 2023	10,627	−9.4%	n/a
FYE Mar 2024	8,982	−15.5%	n/a
FYE Mar 2025	8,782	−2.2%	n/a
FYE Mar 2026	7,893	−10.1%	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 ¥125m

Change · 10 yrs +¥32.7m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	92.2	n/a	Cons.
FYE Mar 2018	96.3	+4.5%	Cons.
FYE Mar 2019	101	+5.3%	Cons.
FYE Mar 2020	100.0	−1.5%	Cons.
FYE Mar 2021	96.8	−3.1%	Cons.
FYE Mar 2022	89.2	−7.9%	Cons.
FYE Mar 2023	125	+40.0%	Cons.
FYE Mar 2024	129	+3.3%	Cons.
FYE Mar 2025	138	+6.9%	Cons.
FYE Mar 2026	125	−9.5%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥13.5m

Change · 10 yrs +¥6.8m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	6.7	n/a	Cons.
FYE Mar 2018	7.0	+4.9%	Cons.
FYE Mar 2019	6.3	−10.2%	Cons.
FYE Mar 2020	6.5	+3.4%	Cons.
FYE Mar 2021	4.6	−29.8%	Cons.
FYE Mar 2022	3.1	−31.9%	Cons.
FYE Mar 2023	-1.6	−153.0%	Cons.
FYE Mar 2024	23.2	n/a	Cons.
FYE Mar 2025	14.9	−35.7%	Cons.
FYE Mar 2026	13.5	−9.7%	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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