Financials

Osaka Gas: FYE Mar 2026 and ten years of results (51 metrics)

FYE Mar 2026 · Revenue¥2.03tnYoY −1.9%

FYE Mar 2026 · Operating profit¥175bnYoY +8.8%

FYE Mar 2026 · Net profit¥153bnYoY +13.6%

FYE Mar 2026 · Equity ratio54.4%YoY +1.6pp

FYE Mar 2026 · Group employees21,835YoY +431

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥1.18tn	n/a	¥97bn	n/a	8.2%	¥61bn	Honjo Takehiro	Household electricity retailing opened; Osaka Gas enters
FYE Mar 2018Consolidated	¥1.30tn	+9.5%	¥78bn	−19.7%	6.0%	¥38bn	Honjo Takehiro	Gas retailing liberalised; Kansai Electric enters the household market
FYE Mar 2019Consolidated	¥1.37tn	+5.8%	¥68bn	−13.0%	5.0%	¥34bn	Honjo Takehiro	—
FYE Mar 2020Consolidated	¥1.37tn	−0.2%	¥84bn	+23.3%	6.1%	¥42bn	Honjo Takehiro	Acquires Sabine Oil & Gas; Freeport LNG begins commercial operation
FYE Mar 2021Consolidated	¥1.36tn	−0.3%	¥112bn	+34.3%	8.2%	¥81bn	Honjo Takehiro	—
FYE Mar 2022Consolidated	¥1.59tn	+16.6%	¥99bn	−11.8%	6.2%	¥130bn	Honjo Takehiro	—
FYE Mar 2023Consolidated	¥2.28tn	+43.0%	¥60bn	−39.5%	2.6%	¥57bn	Fujiwara Masataka	Pipeline business separated into Osaka Gas Network
FYE Mar 2024Consolidated	¥2.08tn	−8.4%	¥173bn	+187.6%	8.3%	¥133bn	Fujiwara Masataka	Overseas profit of ¥60.8 billion offsets a domestic operating loss
FYE Mar 2025Consolidated	¥2.07tn	−0.7%	¥161bn	−6.9%	7.8%	¥134bn	Fujiwara Masataka	—
FYE Mar 2026Consolidated	¥2.03tn	−1.9%	¥175bn	+8.8%	8.6%	¥153bn	Fujiwara Masataka	—

How it compares

Tokyo Gas¥2.83tnFY2025Operating margin 7.0%

Osaka Gas¥2.03tnFY2025Operating margin 8.6%

Touhougasu¥651bnFY2025Operating margin 4.9%

Saibugasuhorudingusu¥254bnFY2024Operating margin 4.1%

Sarakoporeshon¥252bnFY2025Operating margin 2.9%

Tokaihorudingusu¥243bnFY2024Operating margin 6.9%

Nippon Gas (Nichigas)¥208bnFY2025Operating margin 10.2%

Shizuokagasu¥201bnFY2025Operating margin 7.0%

Keandooenajigurupu¥91bnFY2025Operating margin 11.6%

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

Where the revenue goes

¥ bn

Cost of sales SG&A Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥2.03tn

CAGR · 10 yrs +6.2%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	1,184	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,296	+9.5%	Cons. · Japanese GAAP
FYE Mar 2019	1,372	+5.8%	Cons. · Japanese GAAP
FYE Mar 2020	1,369	−0.2%	Cons. · Japanese GAAP
FYE Mar 2021	1,364	−0.3%	Cons. · Japanese GAAP
FYE Mar 2022	1,591	+16.6%	Cons. · Japanese GAAP
FYE Mar 2023	2,275	+43.0%	Cons. · Japanese GAAP
FYE Mar 2024	2,083	−8.4%	Cons. · Japanese GAAP
FYE Mar 2025	2,069	−0.7%	Cons. · Japanese GAAP
FYE Mar 2026	2,030	−1.9%	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 ¥1.59tn

CAGR · 10 yrs +8.8%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	745	n/a	Cons. · Japanese GAAP
FYE Mar 2018	874	+17.4%	Cons. · Japanese GAAP
FYE Mar 2019	981	+12.2%	Cons. · Japanese GAAP
FYE Mar 2020	962	−1.9%	Cons. · Japanese GAAP
FYE Mar 2021	922	−4.2%	Cons. · Japanese GAAP
FYE Mar 2022	1,276	+38.5%	Cons. · Japanese GAAP
FYE Mar 2023	1,993	+56.1%	Cons. · Japanese GAAP
FYE Mar 2024	1,673	−16.1%	Cons. · Japanese GAAP
FYE Mar 2025	1,663	−0.6%	Cons. · Japanese GAAP
FYE Mar 2026	1,593	−4.2%	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 −0.0%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	439	n/a	Cons. · Japanese GAAP
FYE Mar 2018	422	−3.9%	Cons. · Japanese GAAP
FYE Mar 2019	391	−7.4%	Cons. · Japanese GAAP
FYE Mar 2020	407	+4.1%	Cons. · Japanese GAAP
FYE Mar 2021	442	+8.8%	Cons. · Japanese GAAP
FYE Mar 2022	315	−28.8%	Cons. · Japanese GAAP
FYE Mar 2023	282	−10.3%	Cons. · Japanese GAAP
FYE Mar 2024	410	+45.4%	Cons. · Japanese GAAP
FYE Mar 2025	406	−1.2%	Cons. · Japanese GAAP
FYE Mar 2026	438	+7.9%	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 ¥263bn

CAGR · 10 yrs −2.9%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	341	n/a	Cons. · Japanese GAAP
FYE Mar 2018	344	+0.7%	Cons. · Japanese GAAP
FYE Mar 2019	323	−6.1%	Cons. · Japanese GAAP
FYE Mar 2020	323	−0.0%	Cons. · Japanese GAAP
FYE Mar 2021	330	+2.1%	Cons. · Japanese GAAP
FYE Mar 2022	216	−34.6%	Cons. · Japanese GAAP
FYE Mar 2023	222	+3.1%	Cons. · Japanese GAAP
FYE Mar 2024	238	+7.0%	Cons. · Japanese GAAP
FYE Mar 2025	245	+3.0%	Cons. · Japanese GAAP
FYE Mar 2026	263	+7.3%	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 ¥175bn

CAGR · 10 yrs +6.7%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	97.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	78.1	−19.7%	Cons. · Japanese GAAP
FYE Mar 2019	68.0	−13.0%	Cons. · Japanese GAAP
FYE Mar 2020	83.8	+23.3%	Cons. · Japanese GAAP
FYE Mar 2021	112	+34.3%	Cons. · Japanese GAAP
FYE Mar 2022	99.2	−11.8%	Cons. · Japanese GAAP
FYE Mar 2023	60.0	−39.5%	Cons. · Japanese GAAP
FYE Mar 2024	173	+187.6%	Cons. · Japanese GAAP
FYE Mar 2025	161	−6.9%	Cons. · Japanese GAAP
FYE Mar 2026	175	+8.8%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥55bn

CAGR · 10 yrs +16.2%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	14.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.5	+9.4%	Cons. · Japanese GAAP
FYE Mar 2019	14.6	−5.8%	Cons. · Japanese GAAP
FYE Mar 2020	24.7	+69.5%	Cons. · Japanese GAAP
FYE Mar 2021	32.9	+33.1%	Cons. · Japanese GAAP
FYE Mar 2022	32.8	−0.5%	Cons. · Japanese GAAP
FYE Mar 2023	39.0	+18.9%	Cons. · Japanese GAAP
FYE Mar 2024	78.3	+101.0%	Cons. · Japanese GAAP
FYE Mar 2025	54.3	−30.7%	Cons. · Japanese GAAP
FYE Mar 2026	54.6	+0.7%	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 ¥25bn

CAGR · 10 yrs +5.7%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	15.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	16.5	+9.2%	Cons. · Japanese GAAP
FYE Mar 2019	19.5	+17.9%	Cons. · Japanese GAAP
FYE Mar 2020	22.5	+15.6%	Cons. · Japanese GAAP
FYE Mar 2021	17.7	−21.5%	Cons. · Japanese GAAP
FYE Mar 2022	18.4	+4.3%	Cons. · Japanese GAAP
FYE Mar 2023	23.3	+26.3%	Cons. · Japanese GAAP
FYE Mar 2024	24.3	+4.3%	Cons. · Japanese GAAP
FYE Mar 2025	25.4	+4.4%	Cons. · Japanese GAAP
FYE Mar 2026	24.9	−1.7%	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 ¥205bn

CAGR · 10 yrs +8.7%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	96.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	77.1	−19.9%	Cons. · Japanese GAAP
FYE Mar 2019	63.1	−18.1%	Cons. · Japanese GAAP
FYE Mar 2020	86.0	+36.3%	Cons. · Japanese GAAP
FYE Mar 2021	128	+48.5%	Cons. · Japanese GAAP
FYE Mar 2022	114	−11.1%	Cons. · Japanese GAAP
FYE Mar 2023	75.6	−33.4%	Cons. · Japanese GAAP
FYE Mar 2024	227	+199.5%	Cons. · Japanese GAAP
FYE Mar 2025	190	−16.3%	Cons. · Japanese GAAP
FYE Mar 2026	205	+7.8%	Cons. · Japanese GAAP

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

Extraordinary income

FYE Mar 2026 ¥22bn

CAGR · 4 yrs −3.0%

Fiscal year	Extraordinary income ¥ 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	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	23.8	n/a	Cons. · Japanese GAAP
FYE Mar 2023	17.4	−26.9%	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	25.4	n/a	Cons. · Japanese GAAP
FYE Mar 2026	21.8	−14.3%	Cons. · Japanese GAAP

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

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥153bn

CAGR · 10 yrs +10.7%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	61.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	37.7	−38.4%	Cons. · Japanese GAAP
FYE Mar 2019	33.6	−10.9%	Cons. · Japanese GAAP
FYE Mar 2020	41.8	+24.4%	Cons. · Japanese GAAP
FYE Mar 2021	80.9	+93.5%	Cons. · Japanese GAAP
FYE Mar 2022	130	+61.3%	Cons. · Japanese GAAP
FYE Mar 2023	57.1	−56.2%	Cons. · Japanese GAAP
FYE Mar 2024	133	+132.3%	Cons. · Japanese GAAP
FYE Mar 2025	134	+1.3%	Cons. · Japanese GAAP
FYE Mar 2026	153	+13.6%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 21.5%

Average · 10 yrs 25.3%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	37.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	32.5	−4.5pp	Cons. · Japanese GAAP
FYE Mar 2019	28.5	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2020	29.7	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	32.4	+2.7pp	Cons. · Japanese GAAP
FYE Mar 2022	19.8	−12.6pp	Cons. · Japanese GAAP
FYE Mar 2023	12.4	−7.4pp	Cons. · Japanese GAAP
FYE Mar 2024	19.7	+7.3pp	Cons. · Japanese GAAP
FYE Mar 2025	19.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	21.5	+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 8.6%

Average · 10 yrs 6.7%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	8.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	6.0	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2019	5.0	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2020	6.1	+1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	8.2	+2.1pp	Cons. · Japanese GAAP
FYE Mar 2022	6.2	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2023	2.6	−3.6pp	Cons. · Japanese GAAP
FYE Mar 2024	8.3	+5.6pp	Cons. · Japanese GAAP
FYE Mar 2025	7.8	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	8.6	+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 Mar 2026 10.1%

Average · 10 yrs 7.5%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	8.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.9	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2019	4.6	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	6.3	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2021	9.4	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2022	7.1	−2.2pp	Cons. · Japanese GAAP
FYE Mar 2023	3.3	−3.8pp	Cons. · Japanese GAAP
FYE Mar 2024	10.9	+7.6pp	Cons. · Japanese GAAP
FYE Mar 2025	9.2	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2026	10.1	+0.9pp	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 7.5%

Average · 10 yrs 5.1%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	5.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.9	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2019	2.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2020	3.1	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	5.9	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2022	8.2	+2.3pp	Cons. · Japanese GAAP
FYE Mar 2023	2.5	−5.7pp	Cons. · Japanese GAAP
FYE Mar 2024	6.4	+3.9pp	Cons. · Japanese GAAP
FYE Mar 2025	6.5	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	7.5	+1.0pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Mar 2026 78.5%

Average · 10 yrs 74.7%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	62.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	67.5	+4.5pp	Cons. · Japanese GAAP
FYE Mar 2019	71.5	+4.1pp	Cons. · Japanese GAAP
FYE Mar 2020	70.3	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2021	67.6	−2.7pp	Cons. · Japanese GAAP
FYE Mar 2022	80.2	+12.6pp	Cons. · Japanese GAAP
FYE Mar 2023	87.6	+7.4pp	Cons. · Japanese GAAP
FYE Mar 2024	80.3	−7.3pp	Cons. · Japanese GAAP
FYE Mar 2025	80.4	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	78.5	−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 12.9%

Average · 10 yrs 18.6%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	28.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	26.5	−2.3pp	Cons. · Japanese GAAP
FYE Mar 2019	23.5	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2020	23.6	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2021	24.2	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2022	13.5	−10.6pp	Cons. · Japanese GAAP
FYE Mar 2023	9.8	−3.8pp	Cons. · Japanese GAAP
FYE Mar 2024	11.4	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2025	11.8	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2026	12.9	+1.1pp	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 ¥3.32tn

CAGR · 10 yrs +6.5%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	1,887	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,897	+0.6%	Cons. · Japanese GAAP
FYE Mar 2019	2,030	+7.0%	Cons. · Japanese GAAP
FYE Mar 2020	2,140	+5.5%	Cons. · Japanese GAAP
FYE Mar 2021	2,313	+8.1%	Cons. · Japanese GAAP
FYE Mar 2022	2,588	+11.9%	Cons. · Japanese GAAP
FYE Mar 2023	2,820	+8.9%	Cons. · Japanese GAAP
FYE Mar 2024	2,980	+5.7%	Cons. · Japanese GAAP
FYE Mar 2025	3,201	+7.4%	Cons. · Japanese GAAP
FYE Mar 2026	3,321	+3.8%	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 ¥1.81tn

CAGR · 10 yrs +7.3%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	962	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,000	+3.9%	Cons. · Japanese GAAP
FYE Mar 2019	1,004	+0.5%	Cons. · Japanese GAAP
FYE Mar 2020	997	−0.7%	Cons. · Japanese GAAP
FYE Mar 2021	1,082	+8.5%	Cons. · Japanese GAAP
FYE Mar 2022	1,272	+17.5%	Cons. · Japanese GAAP
FYE Mar 2023	1,391	+9.4%	Cons. · Japanese GAAP
FYE Mar 2024	1,578	+13.4%	Cons. · Japanese GAAP
FYE Mar 2025	1,689	+7.1%	Cons. · Japanese GAAP
FYE Mar 2026	1,806	+6.9%	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 ¥303bn

CAGR · 10 yrs +0.5%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	291	n/a	Cons. · Japanese GAAP
FYE Mar 2018	265	−8.7%	Cons. · Japanese GAAP
FYE Mar 2019	390	+47.0%	Cons. · Japanese GAAP
FYE Mar 2020	364	−6.8%	Cons. · Japanese GAAP
FYE Mar 2021	333	−8.4%	Cons. · Japanese GAAP
FYE Mar 2022	351	+5.2%	Cons. · Japanese GAAP
FYE Mar 2023	387	+10.3%	Cons. · Japanese GAAP
FYE Mar 2024	355	−8.3%	Cons. · Japanese GAAP
FYE Mar 2025	364	+2.6%	Cons. · Japanese GAAP
FYE Mar 2026	303	−16.7%	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 n/a

CAGR · 3 yrs −0.8%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	23.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	22.2	−4.1%	Cons. · Japanese GAAP
FYE Mar 2019	22.8	+2.6%	Cons. · Japanese GAAP
FYE Mar 2020	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2021	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2023	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2024	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2025	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2026	n/a	n/a	Cons. · Japanese GAAP

Definition: Borrowings repayable within a year
Formula: Short-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Long-term borrowings

FYE Mar 2026 ¥303bn

CAGR · 10 yrs +1.4%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	268	n/a	Cons. · Japanese GAAP
FYE Mar 2018	243	−9.1%	Cons. · Japanese GAAP
FYE Mar 2019	367	+51.0%	Cons. · Japanese GAAP
FYE Mar 2020	364	−1.0%	Cons. · Japanese GAAP
FYE Mar 2021	333	−8.4%	Cons. · Japanese GAAP
FYE Mar 2022	351	+5.2%	Cons. · Japanese GAAP
FYE Mar 2023	387	+10.3%	Cons. · Japanese GAAP
FYE Mar 2024	355	−8.3%	Cons. · Japanese GAAP
FYE Mar 2025	364	+2.6%	Cons. · Japanese GAAP
FYE Mar 2026	303	−16.7%	Cons. · Japanese GAAP

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

Bonds

FYE Mar 2026 n/a

CAGR · 9 yrs +12.5%

Fiscal year	Bonds ¥ bn	YoY	Basis
FYE Mar 2017	195	n/a	Cons. · Japanese GAAP
FYE Mar 2018	165	−15.4%	Cons. · Japanese GAAP
FYE Mar 2019	145	−12.1%	Cons. · Japanese GAAP
FYE Mar 2020	290	+100.0%	Cons. · Japanese GAAP
FYE Mar 2021	355	+22.4%	Cons. · Japanese GAAP
FYE Mar 2022	365	+2.8%	Cons. · Japanese GAAP
FYE Mar 2023	425	+16.4%	Cons. · Japanese GAAP
FYE Mar 2024	460	+8.2%	Cons. · Japanese GAAP
FYE Mar 2025	501	+8.9%	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)

Intangible assets

FYE Mar 2026 ¥79bn

CAGR · 10 yrs +0.2%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	77.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	79.7	+2.9%	Cons. · Japanese GAAP
FYE Mar 2019	109	+37.1%	Cons. · Japanese GAAP
FYE Mar 2020	98.3	−10.0%	Cons. · Japanese GAAP
FYE Mar 2021	97.9	−0.4%	Cons. · Japanese GAAP
FYE Mar 2022	95.3	−2.7%	Cons. · Japanese GAAP
FYE Mar 2023	105	+10.4%	Cons. · Japanese GAAP
FYE Mar 2024	109	+3.9%	Cons. · Japanese GAAP
FYE Mar 2025	92.4	−15.4%	Cons. · Japanese GAAP
FYE Mar 2026	79.1	−14.4%	Cons. · Japanese GAAP

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

Goodwill

FYE Mar 2026 ¥6.5bn

CAGR · 10 yrs −8.0%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	13.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	14.7	+7.5%	Cons. · Japanese GAAP
FYE Mar 2019	11.5	−21.3%	Cons. · Japanese GAAP
FYE Mar 2020	12.1	+5.3%	Cons. · Japanese GAAP
FYE Mar 2021	13.7	+12.9%	Cons. · Japanese GAAP
FYE Mar 2022	11.1	−19.1%	Cons. · Japanese GAAP
FYE Mar 2023	9.5	−14.4%	Cons. · Japanese GAAP
FYE Mar 2024	5.5	−42.4%	Cons. · Japanese GAAP
FYE Mar 2025	4.1	−24.2%	Cons. · Japanese GAAP
FYE Mar 2026	6.5	+56.0%	Cons. · Japanese GAAP

Definition: What an acquisition cost above the net assets it brought
Formula: Goodwill line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Mar 2026 54.4%

Average · 10 yrs 50.5%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	51.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	52.7	+1.7pp	Cons. · Japanese GAAP
FYE Mar 2019	49.5	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2020	46.6	−2.9pp	Cons. · Japanese GAAP
FYE Mar 2021	46.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2022	49.1	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2023	49.3	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	52.9	+3.6pp	Cons. · Japanese GAAP
FYE Mar 2025	52.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	54.4	+1.6pp	Cons. · Japanese GAAP

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

Debt-to-equity ratio D/E ratio

FYE Mar 2026 16.8%

Average · 10 yrs 27.9%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	30.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	26.6	−3.7pp	Cons. · Japanese GAAP
FYE Mar 2019	38.8	+12.3pp	Cons. · Japanese GAAP
FYE Mar 2020	36.5	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2021	30.8	−5.7pp	Cons. · Japanese GAAP
FYE Mar 2022	27.6	−3.2pp	Cons. · Japanese GAAP
FYE Mar 2023	27.8	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2024	22.5	−5.3pp	Cons. · Japanese GAAP
FYE Mar 2025	21.6	−0.9pp	Cons. · Japanese GAAP
FYE Mar 2026	16.8	−4.8pp	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 8.5%

Average · 10 yrs 6.4%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	6.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.8	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2019	3.3	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	4.2	+0.8pp	Cons. · Japanese GAAP
FYE Mar 2021	7.5	+3.3pp	Cons. · Japanese GAAP
FYE Mar 2022	10.3	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2023	4.1	−6.2pp	Cons. · Japanese GAAP
FYE Mar 2024	8.4	+4.3pp	Cons. · Japanese GAAP
FYE Mar 2025	8.0	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	8.5	+0.5pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 4.6%

Average · 10 yrs 3.3%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	3.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.0	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	1.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	2.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2021	3.5	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2022	5.0	+1.5pp	Cons. · Japanese GAAP
FYE Mar 2023	2.0	−3.0pp	Cons. · Japanese GAAP
FYE Mar 2024	4.5	+2.4pp	Cons. · Japanese GAAP
FYE Mar 2025	4.2	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	4.6	+0.4pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 0.61×

CAGR · 10 yrs −0.3%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.63	n/a	Cons. · Japanese GAAP
FYE Mar 2018	0.68	+8.9%	Cons. · Japanese GAAP
FYE Mar 2019	0.68	−1.1%	Cons. · Japanese GAAP
FYE Mar 2020	0.64	−5.4%	Cons. · Japanese GAAP
FYE Mar 2021	0.59	−7.8%	Cons. · Japanese GAAP
FYE Mar 2022	0.61	+4.3%	Cons. · Japanese GAAP
FYE Mar 2023	0.81	+31.2%	Cons. · Japanese GAAP
FYE Mar 2024	0.70	−13.4%	Cons. · Japanese GAAP
FYE Mar 2025	0.65	−7.5%	Cons. · Japanese GAAP
FYE Mar 2026	0.61	−5.4%	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 ¥341bn

CAGR · 10 yrs +9.6%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	149	n/a	Cons. · Japanese GAAP
FYE Mar 2018	169	+13.4%	Cons. · Japanese GAAP
FYE Mar 2019	65.1	−61.4%	Cons. · Japanese GAAP
FYE Mar 2020	183	+180.9%	Cons. · Japanese GAAP
FYE Mar 2021	220	+20.2%	Cons. · Japanese GAAP
FYE Mar 2022	145	−33.9%	Cons. · Japanese GAAP
FYE Mar 2023	33.6	−76.9%	Cons. · Japanese GAAP
FYE Mar 2024	313	+831.2%	Cons. · Japanese GAAP
FYE Mar 2025	284	−9.3%	Cons. · Japanese GAAP
FYE Mar 2026	341	+20.1%	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 -¥242bn

Average · 10 yrs -¥195bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-138	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-110	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-204	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-232	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-198	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-152	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-204	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-216	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-256	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-242	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 -¥129bn

Average · 10 yrs -¥12bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-50.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-51.6	n/a	Cons. · Japanese GAAP
FYE Mar 2019	85.3	n/a	Cons. · Japanese GAAP
FYE Mar 2020	79.3	−7.0%	Cons. · Japanese GAAP
FYE Mar 2021	-1.6	−102.1%	Cons. · Japanese GAAP
FYE Mar 2022	-30.5	n/a	Cons. · Japanese GAAP
FYE Mar 2023	120	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-110	−192.1%	Cons. · Japanese GAAP
FYE Mar 2025	-34.1	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-129	n/a	Cons. · Japanese GAAP

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

Cash and equivalents

FYE Mar 2026 ¥58bn

CAGR · 10 yrs −11.0%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	167	n/a	Cons. · Japanese GAAP
FYE Mar 2018	171	+2.5%	Cons. · Japanese GAAP
FYE Mar 2019	116	−32.3%	Cons. · Japanese GAAP
FYE Mar 2020	147	+26.8%	Cons. · Japanese GAAP
FYE Mar 2021	167	+13.6%	Cons. · Japanese GAAP
FYE Mar 2022	131	−21.6%	Cons. · Japanese GAAP
FYE Mar 2023	84.8	−35.2%	Cons. · Japanese GAAP
FYE Mar 2024	77.2	−8.9%	Cons. · Japanese GAAP
FYE Mar 2025	82.3	+6.6%	Cons. · Japanese GAAP
FYE Mar 2026	58.5	−28.9%	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 Mar 2026 ¥99bn

CAGR · 10 yrs +27.3%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	11.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	58.3	+416.9%	Cons. · Japanese GAAP
FYE Mar 2019	-139	−338.7%	Cons. · Japanese GAAP
FYE Mar 2020	-49.4	n/a	Cons. · Japanese GAAP
FYE Mar 2021	21.4	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-6.8	−131.8%	Cons. · Japanese GAAP
FYE Mar 2023	-170	n/a	Cons. · Japanese GAAP
FYE Mar 2024	96.7	n/a	Cons. · Japanese GAAP
FYE Mar 2025	28.1	−71.0%	Cons. · Japanese GAAP
FYE Mar 2026	98.9	+252.5%	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 16.8%

Average · 10 yrs 11.6%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	12.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	13.0	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	4.7	−8.3pp	Cons. · Japanese GAAP
FYE Mar 2020	13.4	+8.6pp	Cons. · Japanese GAAP
FYE Mar 2021	16.1	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2022	9.1	−7.0pp	Cons. · Japanese GAAP
FYE Mar 2023	1.5	−7.7pp	Cons. · Japanese GAAP
FYE Mar 2024	15.0	+13.5pp	Cons. · Japanese GAAP
FYE Mar 2025	13.7	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2026	16.8	+3.1pp	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 -¥245bn

Average · 10 yrs -¥220bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-124	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-94.4	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-274	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-217	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-167	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-220	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-302	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-277	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-282	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-245	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 ¥2.54tn

Change · 10 yrs +¥1.66tn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	881	n/a
FYE Mar 2018	875	n/a
FYE Mar 2019	910	n/a
FYE Mar 2020	848	n/a
FYE Mar 2021	899	n/a
FYE Mar 2022	872	n/a
FYE Mar 2023	909	n/a
FYE Mar 2024	1,390	n/a
FYE Mar 2025	1,367	n/a
FYE Mar 2026	2,538	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 6,380¥

Change · 10 yrs +5,957¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	423	n/a
FYE Mar 2018	2,100	n/a
FYE Mar 2019	2,184	n/a
FYE Mar 2020	2,036	n/a
FYE Mar 2021	2,157	n/a
FYE Mar 2022	2,092	n/a
FYE Mar 2023	2,180	n/a
FYE Mar 2024	3,392	n/a
FYE Mar 2025	3,383	n/a
FYE Mar 2026	6,380	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 397,881,000shares

Change · 10 yrs −1,685,519,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	2,083,400,000	Parent
FYE Mar 2018	416,680,000	Parent
FYE Mar 2019	416,680,000	Parent
FYE Mar 2020	416,680,000	Parent
FYE Mar 2021	416,680,000	Parent
FYE Mar 2022	416,680,000	Parent
FYE Mar 2023	416,680,000	Parent
FYE Mar 2024	409,912,000	Parent
FYE Mar 2025	404,105,000	Parent
FYE Mar 2026	397,881,000	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 391.15¥

Change · 10 yrs +243.86¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	147.29	Cons.
FYE Mar 2018	90.71	Cons.
FYE Mar 2019	80.80	Cons.
FYE Mar 2020	100.50	Cons.
FYE Mar 2021	194.48	Cons.
FYE Mar 2022	313.69	Cons.
FYE Mar 2023	137.39	Cons.
FYE Mar 2024	320.60	Cons.
FYE Mar 2025	333.31	Cons.
FYE Mar 2026	391.15	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 4,539.15¥

Change · 10 yrs +4,077.45¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	461.70	Cons. · Japanese GAAP
FYE Mar 2018	2,398.89	Cons. · Japanese GAAP
FYE Mar 2019	2,410.34	Cons. · Japanese GAAP
FYE Mar 2020	2,393.91	Cons. · Japanese GAAP
FYE Mar 2021	2,596.43	Cons. · Japanese GAAP
FYE Mar 2022	3,051.78	Cons. · Japanese GAAP
FYE Mar 2023	3,339.30	Cons. · Japanese GAAP
FYE Mar 2024	3,848.42	Cons. · Japanese GAAP
FYE Mar 2025	4,179.10	Cons. · Japanese GAAP
FYE Mar 2026	4,539.15	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 16.31×

Average · 10 yrs 15.55×

Fiscal year	PER ×	Basis
FYE Mar 2017	14.36	Cons.
FYE Mar 2018	23.15	Cons.
FYE Mar 2019	27.03	Cons.
FYE Mar 2020	20.26	Cons.
FYE Mar 2021	11.09	Cons.
FYE Mar 2022	6.67	Cons.
FYE Mar 2023	15.87	Cons.
FYE Mar 2024	10.58	Cons.
FYE Mar 2025	10.15	Cons.
FYE Mar 2026	16.31	Cons.

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

PBR price-to-book ratio

FYE Mar 2026 1.36×

Average · 10 yrs 0.87×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.91	Cons.
FYE Mar 2018	0.87	Cons.
FYE Mar 2019	0.90	Cons.
FYE Mar 2020	0.85	Cons.
FYE Mar 2021	0.83	Cons.
FYE Mar 2022	0.68	Cons.
FYE Mar 2023	0.65	Cons.
FYE Mar 2024	0.88	Cons.
FYE Mar 2025	0.80	Cons.
FYE Mar 2026	1.36	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 21,835people

Change · 10 yrs +1,073 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	20,762	n/a	Cons.
FYE Mar 2018	19,997	−3.7%	Cons.
FYE Mar 2019	20,224	+1.1%	Cons.
FYE Mar 2020	20,543	+1.6%	Cons.
FYE Mar 2021	20,941	+1.9%	Cons.
FYE Mar 2022	20,961	+0.1%	Cons.
FYE Mar 2023	21,017	+0.3%	Cons.
FYE Mar 2024	21,159	+0.7%	Cons.
FYE Mar 2025	21,404	+1.2%	Cons.
FYE Mar 2026	21,835	+2.0%	Cons.

Definition: Everyone employed across the group
Formula: Consolidated headcount, from the employee section of the filing
Source: Securities report (XBRL)

Parent-company employees

FYE Mar 2026 1,303people

Change · 10 yrs −4,428 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	5,731	n/a	Parent
FYE Mar 2018	5,617	−2.0%	Parent
FYE Mar 2019	5,392	−4.0%	Parent
FYE Mar 2020	5,271	−2.2%	Parent
FYE Mar 2021	3,203	−39.2%	Parent
FYE Mar 2022	3,189	−0.4%	Parent
FYE Mar 2023	1,163	−63.5%	Parent
FYE Mar 2024	1,137	−2.2%	Parent
FYE Mar 2025	1,283	+12.8%	Parent
FYE Mar 2026	1,303	+1.6%	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 846万円

Change · 10 yrs +191万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	655	n/a	Parent
FYE Mar 2018	658	+0.5%	Parent
FYE Mar 2019	667	+1.3%	Parent
FYE Mar 2020	654	−2.1%	Parent
FYE Mar 2021	654	+0.1%	Parent
FYE Mar 2022	659	+0.7%	Parent
FYE Mar 2023	685	+4.0%	Parent
FYE Mar 2024	713	+4.0%	Parent
FYE Mar 2025	738	+3.6%	Parent
FYE Mar 2026	846	+14.6%	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 44.3years

Change · 8 yrs +1.0 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	43.3	n/a	Parent
FYE Mar 2020	43.3	−0.0%	Parent
FYE Mar 2021	43.9	+1.4%	Parent
FYE Mar 2022	43.6	−0.7%	Parent
FYE Mar 2023	44.4	+1.8%	Parent
FYE Mar 2024	44.0	−0.9%	Parent
FYE Mar 2025	43.8	−0.5%	Parent
FYE Mar 2026	44.3	+1.1%	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 16.1years

Change · 10 yrs −3.0 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	19.1	n/a	Parent
FYE Mar 2018	18.3	−4.2%	Parent
FYE Mar 2019	17.8	−2.7%	Parent
FYE Mar 2020	17.5	−1.7%	Parent
FYE Mar 2021	17.6	+0.6%	Parent
FYE Mar 2022	17.5	−0.6%	Parent
FYE Mar 2023	17.9	+2.3%	Parent
FYE Mar 2024	16.5	−7.8%	Parent
FYE Mar 2025	15.9	−3.6%	Parent
FYE Mar 2026	16.1	+1.3%	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 Mar 2026 n/a

Change · 9 yrs −2,205 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	2,939	n/a	n/a
FYE Mar 2018	2,861	−2.7%	n/a
FYE Mar 2019	2,820	−1.4%	n/a
FYE Mar 2020	2,722	−3.5%	n/a
FYE Mar 2021	2,579	−5.3%	n/a
FYE Mar 2022	2,543	−1.4%	n/a
FYE Mar 2023	775	−69.5%	n/a
FYE Mar 2024	817	+5.4%	n/a
FYE Mar 2025	734	−10.2%	n/a
FYE Mar 2026	n/a	n/a	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 ¥93.0m

Change · 10 yrs +¥36.0m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	57.0	n/a	Cons.
FYE Mar 2018	64.8	+13.7%	Cons.
FYE Mar 2019	67.8	+4.6%	Cons.
FYE Mar 2020	66.6	−1.8%	Cons.
FYE Mar 2021	65.1	−2.2%	Cons.
FYE Mar 2022	75.9	+16.5%	Cons.
FYE Mar 2023	108	+42.6%	Cons.
FYE Mar 2024	98.4	−9.1%	Cons.
FYE Mar 2025	96.7	−1.8%	Cons.
FYE Mar 2026	93.0	−3.8%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥8.0m

Change · 10 yrs +¥3.3m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	4.7	n/a	Cons.
FYE Mar 2018	3.9	−16.6%	Cons.
FYE Mar 2019	3.4	−14.0%	Cons.
FYE Mar 2020	4.1	+21.4%	Cons.
FYE Mar 2021	5.4	+31.7%	Cons.
FYE Mar 2022	4.7	−11.9%	Cons.
FYE Mar 2023	2.9	−39.7%	Cons.
FYE Mar 2024	8.2	+185.7%	Cons.
FYE Mar 2025	7.5	−7.9%	Cons.
FYE Mar 2026	8.0	+6.6%	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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