Financials

Toho: FYE Feb 2026 and ten years of results (50 metrics)

FYE Feb 2026 · Revenue¥361bnYoY +15.2%

FYE Feb 2026 · Operating profit¥68bnYoY +5.0%

FYE Feb 2026 · Net profit¥52bnYoY +19.4%

FYE Feb 2026 · Equity ratio73.3%YoY +0.1pp

FYE Feb 2026 · Group employees4,088YoY +215

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Feb 2017Consolidated	¥234bn	n/a	¥50bn	n/a	21.5%	¥33bn	Shimatani Yoshishige	<em>Shin Godzilla</em> released; <span class="en-history_money" data-yen="8250000000" data-year="2016">$75.8M (¥8bn)</span> at the box office
FYE Feb 2018Consolidated	¥243bn	+3.9%	¥48bn	−5.3%	19.6%	¥34bn	Shimatani Yoshishige	Toho Real Estate is absorbed into the parent company
FYE Feb 2019Consolidated	¥246bn	+1.5%	¥45bn	−5.5%	18.3%	¥30bn	Shimatani Yoshishige	—
FYE Feb 2020Consolidated	¥263bn	+6.7%	¥53bn	+17.5%	20.1%	¥37bn	Shimatani Yoshishige	TOHO animation begins the <em>Demon Slayer</em> television series
FYE Feb 2021Consolidated	¥192bn	−27.0%	¥22bn	−57.5%	11.7%	¥15bn	Shimatani Yoshishige	—
FYE Feb 2022Consolidated	¥228bn	+19.0%	¥40bn	+78.0%	17.5%	¥30bn	Shimatani Yoshishige	—
FYE Feb 2023Consolidated	¥244bn	+7.0%	¥45bn	+12.3%	18.4%	¥33bn	Shimatani Yoshishige	<a class="en-history_person" href="/tse/9602/executives/ceo/matsuoka-hiroyasu/" hreflang="ja">Matsuoka Hiroyasu</a> becomes president and representative director
FYE Feb 2024Consolidated	¥283bn	+16.0%	¥59bn	+32.0%	20.9%	¥45bn	Matsuoka Hiroyasu	<em>Godzilla Minus One</em> is released
FYE Feb 2025Consolidated	¥313bn	+10.5%	¥65bn	+9.2%	20.7%	¥43bn	Matsuoka Hiroyasu	Anime studio Science SARU becomes a subsidiary
FYE Feb 2026Consolidated	¥361bn	+15.2%	¥68bn	+5.0%	18.8%	¥52bn	Matsuoka Hiroyasu	—

How it compares

Toho¥361bnFY2025Operating margin 18.8%

TOEI COMPANY, LTD.¥185bnFY2025Operating margin 19.5%

Culture Convenience Club Co., Ltd.Delisted 2011

Avex Inc.¥147bnFY2025Operating margin 2.8%

SHOCHIKU Co., Ltd.¥98bnFY2025Operating margin 6.3%

Toei Animation¥94bnFY2025Operating margin 33.1%Anycolor¥56bnFY2026Operating margin 36.2%

Kaba¥49bnFY2025Operating margin 14.3%

Yoshimoto Kogyo Co., Ltd.Delisted 2010

HoriPro Inc.Delisted 2012

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 Feb 2026 ¥361bn

CAGR · 10 yrs +4.9%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Feb 2017	234	n/a	Cons. · Japanese GAAP
FYE Feb 2018	243	+3.9%	Cons. · Japanese GAAP
FYE Feb 2019	246	+1.5%	Cons. · Japanese GAAP
FYE Feb 2020	263	+6.7%	Cons. · Japanese GAAP
FYE Feb 2021	192	−27.0%	Cons. · Japanese GAAP
FYE Feb 2022	228	+19.0%	Cons. · Japanese GAAP
FYE Feb 2023	244	+7.0%	Cons. · Japanese GAAP
FYE Feb 2024	283	+16.0%	Cons. · Japanese GAAP
FYE Feb 2025	313	+10.5%	Cons. · Japanese GAAP
FYE Feb 2026	361	+15.2%	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 Feb 2026 ¥201bn

CAGR · 10 yrs +5.2%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Feb 2017	128	n/a	Cons. · Japanese GAAP
FYE Feb 2018	136	+6.3%	Cons. · Japanese GAAP
FYE Feb 2019	142	+4.4%	Cons. · Japanese GAAP
FYE Feb 2020	149	+5.3%	Cons. · Japanese GAAP
FYE Feb 2021	123	−17.3%	Cons. · Japanese GAAP
FYE Feb 2022	134	+8.1%	Cons. · Japanese GAAP
FYE Feb 2023	136	+1.6%	Cons. · Japanese GAAP
FYE Feb 2024	153	+12.6%	Cons. · Japanese GAAP
FYE Feb 2025	169	+10.4%	Cons. · Japanese GAAP
FYE Feb 2026	201	+19.3%	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 Feb 2026 ¥160bn

CAGR · 10 yrs +4.7%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Feb 2017	106	n/a	Cons. · Japanese GAAP
FYE Feb 2018	107	+1.0%	Cons. · Japanese GAAP
FYE Feb 2019	104	−2.2%	Cons. · Japanese GAAP
FYE Feb 2020	113	+8.6%	Cons. · Japanese GAAP
FYE Feb 2021	68.5	−39.6%	Cons. · Japanese GAAP
FYE Feb 2022	94.8	+38.5%	Cons. · Japanese GAAP
FYE Feb 2023	109	+14.5%	Cons. · Japanese GAAP
FYE Feb 2024	131	+20.2%	Cons. · Japanese GAAP
FYE Feb 2025	145	+10.7%	Cons. · Japanese GAAP
FYE Feb 2026	160	+10.4%	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 Feb 2026 ¥92bn

CAGR · 10 yrs +5.7%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Feb 2017	55.6	n/a	Cons. · Japanese GAAP
FYE Feb 2018	59.3	+6.7%	Cons. · Japanese GAAP
FYE Feb 2019	59.5	+0.4%	Cons. · Japanese GAAP
FYE Feb 2020	60.6	+1.8%	Cons. · Japanese GAAP
FYE Feb 2021	46.0	−24.0%	Cons. · Japanese GAAP
FYE Feb 2022	54.9	+19.3%	Cons. · Japanese GAAP
FYE Feb 2023	63.7	+16.1%	Cons. · Japanese GAAP
FYE Feb 2024	71.3	+11.9%	Cons. · Japanese GAAP
FYE Feb 2025	79.9	+12.0%	Cons. · Japanese GAAP
FYE Feb 2026	91.7	+14.8%	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 Feb 2026 ¥68bn

CAGR · 10 yrs +3.4%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Feb 2017	50.2	n/a	Cons. · Japanese GAAP
FYE Feb 2018	47.6	−5.3%	Cons. · Japanese GAAP
FYE Feb 2019	45.0	−5.5%	Cons. · Japanese GAAP
FYE Feb 2020	52.9	+17.5%	Cons. · Japanese GAAP
FYE Feb 2021	22.4	−57.5%	Cons. · Japanese GAAP
FYE Feb 2022	39.9	+78.0%	Cons. · Japanese GAAP
FYE Feb 2023	44.9	+12.3%	Cons. · Japanese GAAP
FYE Feb 2024	59.3	+32.0%	Cons. · Japanese GAAP
FYE Feb 2025	64.7	+9.2%	Cons. · Japanese GAAP
FYE Feb 2026	67.9	+5.0%	Cons. · Japanese GAAP

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

Non-operating income

FYE Feb 2026 ¥4.5bn

CAGR · 10 yrs +13.1%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Feb 2017	1.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	1.6	+4.5%	Cons. · Japanese GAAP
FYE Feb 2019	1.9	+20.0%	Cons. · Japanese GAAP
FYE Feb 2020	2.3	+23.2%	Cons. · Japanese GAAP
FYE Feb 2021	2.0	−13.2%	Cons. · Japanese GAAP
FYE Feb 2022	2.9	+45.0%	Cons. · Japanese GAAP
FYE Feb 2023	3.0	+1.6%	Cons. · Japanese GAAP
FYE Feb 2024	3.9	+30.5%	Cons. · Japanese GAAP
FYE Feb 2025	4.1	+5.9%	Cons. · Japanese GAAP
FYE Feb 2026	4.5	+10.8%	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 Feb 2026 ¥2.3bn

CAGR · 10 yrs +34.6%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Feb 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Feb 2018	0.5	+221.7%	Cons. · Japanese GAAP
FYE Feb 2019	0.3	−42.4%	Cons. · Japanese GAAP
FYE Feb 2020	0.1	−65.3%	Cons. · Japanese GAAP
FYE Feb 2021	0.3	+157.4%	Cons. · Japanese GAAP
FYE Feb 2022	0.1	−73.5%	Cons. · Japanese GAAP
FYE Feb 2023	0.0	−68.1%	Cons. · Japanese GAAP
FYE Feb 2024	0.1	+290.9%	Cons. · Japanese GAAP
FYE Feb 2025	4.3	+4919.8%	Cons. · Japanese GAAP
FYE Feb 2026	2.3	−47.3%	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 Feb 2026 ¥70bn

CAGR · 10 yrs +3.5%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Feb 2017	51.6	n/a	Cons. · Japanese GAAP
FYE Feb 2018	48.6	−5.7%	Cons. · Japanese GAAP
FYE Feb 2019	46.6	−4.3%	Cons. · Japanese GAAP
FYE Feb 2020	55.1	+18.3%	Cons. · Japanese GAAP
FYE Feb 2021	24.2	−56.1%	Cons. · Japanese GAAP
FYE Feb 2022	42.8	+76.9%	Cons. · Japanese GAAP
FYE Feb 2023	47.8	+11.7%	Cons. · Japanese GAAP
FYE Feb 2024	63.0	+31.8%	Cons. · Japanese GAAP
FYE Feb 2025	64.5	+2.3%	Cons. · Japanese GAAP
FYE Feb 2026	70.1	+8.8%	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 Feb 2026 ¥9.1bn

CAGR · 10 yrs +52.2%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Feb 2017	0.2	n/a	Cons. · Japanese GAAP
FYE Feb 2018	1.5	+607.2%	Cons. · Japanese GAAP
FYE Feb 2019	0.3	−79.7%	Cons. · Japanese GAAP
FYE Feb 2020	0.8	+174.9%	Cons. · Japanese GAAP
FYE Feb 2021	2.6	+221.5%	Cons. · Japanese GAAP
FYE Feb 2022	3.9	+46.6%	Cons. · Japanese GAAP
FYE Feb 2023	5.0	+29.0%	Cons. · Japanese GAAP
FYE Feb 2024	4.4	−12.0%	Cons. · Japanese GAAP
FYE Feb 2025	3.5	−21.0%	Cons. · Japanese GAAP
FYE Feb 2026	9.1	+162.2%	Cons. · Japanese GAAP

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

Net profit profit attributable to owners of the parent

FYE Feb 2026 ¥52bn

CAGR · 10 yrs +5.0%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Feb 2017	33.3	n/a	Cons. · Japanese GAAP
FYE Feb 2018	33.6	+0.9%	Cons. · Japanese GAAP
FYE Feb 2019	30.2	−10.0%	Cons. · Japanese GAAP
FYE Feb 2020	36.6	+21.2%	Cons. · Japanese GAAP
FYE Feb 2021	14.7	−59.9%	Cons. · Japanese GAAP
FYE Feb 2022	29.6	+101.3%	Cons. · Japanese GAAP
FYE Feb 2023	33.4	+13.1%	Cons. · Japanese GAAP
FYE Feb 2024	45.3	+35.5%	Cons. · Japanese GAAP
FYE Feb 2025	43.4	−4.3%	Cons. · Japanese GAAP
FYE Feb 2026	51.8	+19.4%	Cons. · Japanese GAAP

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

Gross margin

FYE Feb 2026 44.2%

Average · 10 yrs 43.3%

Fiscal year	Gross margin %	YoY	Basis
FYE Feb 2017	45.3	n/a	Cons. · Japanese GAAP
FYE Feb 2018	44.0	−1.3pp	Cons. · Japanese GAAP
FYE Feb 2019	42.4	−1.6pp	Cons. · Japanese GAAP
FYE Feb 2020	43.2	+0.7pp	Cons. · Japanese GAAP
FYE Feb 2021	35.7	−7.5pp	Cons. · Japanese GAAP
FYE Feb 2022	41.5	+5.9pp	Cons. · Japanese GAAP
FYE Feb 2023	44.5	+2.9pp	Cons. · Japanese GAAP
FYE Feb 2024	46.1	+1.6pp	Cons. · Japanese GAAP
FYE Feb 2025	46.2	+0.1pp	Cons. · Japanese GAAP
FYE Feb 2026	44.2	−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 Feb 2026 18.8%

Average · 10 yrs 18.7%

Fiscal year	Operating margin %	YoY	Basis
FYE Feb 2017	21.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	19.6	−1.9pp	Cons. · Japanese GAAP
FYE Feb 2019	18.3	−1.3pp	Cons. · Japanese GAAP
FYE Feb 2020	20.1	+1.9pp	Cons. · Japanese GAAP
FYE Feb 2021	11.7	−8.4pp	Cons. · Japanese GAAP
FYE Feb 2022	17.5	+5.8pp	Cons. · Japanese GAAP
FYE Feb 2023	18.4	+0.9pp	Cons. · Japanese GAAP
FYE Feb 2024	20.9	+2.5pp	Cons. · Japanese GAAP
FYE Feb 2025	20.7	−0.3pp	Cons. · Japanese GAAP
FYE Feb 2026	18.8	−1.8pp	Cons. · Japanese GAAP

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

Ordinary margin

FYE Feb 2026 19.4%

Average · 10 yrs 19.5%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Feb 2017	22.1	n/a	Cons. · Japanese GAAP
FYE Feb 2018	20.0	−2.0pp	Cons. · Japanese GAAP
FYE Feb 2019	18.9	−1.1pp	Cons. · Japanese GAAP
FYE Feb 2020	21.0	+2.0pp	Cons. · Japanese GAAP
FYE Feb 2021	12.6	−8.4pp	Cons. · Japanese GAAP
FYE Feb 2022	18.7	+6.1pp	Cons. · Japanese GAAP
FYE Feb 2023	19.6	+0.8pp	Cons. · Japanese GAAP
FYE Feb 2024	22.2	+2.7pp	Cons. · Japanese GAAP
FYE Feb 2025	20.6	−1.7pp	Cons. · Japanese GAAP
FYE Feb 2026	19.4	−1.1pp	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 Feb 2026 14.4%

Average · 10 yrs 13.3%

Fiscal year	Net margin %	YoY	Basis
FYE Feb 2017	14.2	n/a	Cons. · Japanese GAAP
FYE Feb 2018	13.8	−0.4pp	Cons. · Japanese GAAP
FYE Feb 2019	12.3	−1.6pp	Cons. · Japanese GAAP
FYE Feb 2020	13.9	+1.7pp	Cons. · Japanese GAAP
FYE Feb 2021	7.7	−6.3pp	Cons. · Japanese GAAP
FYE Feb 2022	12.9	+5.3pp	Cons. · Japanese GAAP
FYE Feb 2023	13.7	+0.7pp	Cons. · Japanese GAAP
FYE Feb 2024	16.0	+2.3pp	Cons. · Japanese GAAP
FYE Feb 2025	13.8	−2.1pp	Cons. · Japanese GAAP
FYE Feb 2026	14.4	+0.5pp	Cons. · Japanese GAAP

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

Cost-of-sales ratio

FYE Feb 2026 55.7%

Average · 10 yrs 56.7%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Feb 2017	54.7	n/a	Cons. · Japanese GAAP
FYE Feb 2018	56.0	+1.3pp	Cons. · Japanese GAAP
FYE Feb 2019	57.6	+1.6pp	Cons. · Japanese GAAP
FYE Feb 2020	56.8	−0.7pp	Cons. · Japanese GAAP
FYE Feb 2021	64.3	+7.5pp	Cons. · Japanese GAAP
FYE Feb 2022	58.5	−5.9pp	Cons. · Japanese GAAP
FYE Feb 2023	55.5	−2.9pp	Cons. · Japanese GAAP
FYE Feb 2024	53.9	−1.6pp	Cons. · Japanese GAAP
FYE Feb 2025	53.8	−0.1pp	Cons. · Japanese GAAP
FYE Feb 2026	55.7	+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 Feb 2026 25.4%

Average · 10 yrs 24.6%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Feb 2017	23.8	n/a	Cons. · Japanese GAAP
FYE Feb 2018	24.4	+0.6pp	Cons. · Japanese GAAP
FYE Feb 2019	24.2	−0.3pp	Cons. · Japanese GAAP
FYE Feb 2020	23.1	−1.1pp	Cons. · Japanese GAAP
FYE Feb 2021	24.0	+0.9pp	Cons. · Japanese GAAP
FYE Feb 2022	24.0	+0.1pp	Cons. · Japanese GAAP
FYE Feb 2023	26.1	+2.1pp	Cons. · Japanese GAAP
FYE Feb 2024	25.2	−0.9pp	Cons. · Japanese GAAP
FYE Feb 2025	25.5	+0.3pp	Cons. · Japanese GAAP
FYE Feb 2026	25.4	−0.1pp	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 Feb 2026 ¥703bn

CAGR · 10 yrs +6.0%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Feb 2017	418	n/a	Cons. · Japanese GAAP
FYE Feb 2018	446	+6.8%	Cons. · Japanese GAAP
FYE Feb 2019	460	+3.1%	Cons. · Japanese GAAP
FYE Feb 2020	490	+6.7%	Cons. · Japanese GAAP
FYE Feb 2021	474	−3.4%	Cons. · Japanese GAAP
FYE Feb 2022	503	+6.1%	Cons. · Japanese GAAP
FYE Feb 2023	534	+6.3%	Cons. · Japanese GAAP
FYE Feb 2024	616	+15.3%	Cons. · Japanese GAAP
FYE Feb 2025	653	+6.0%	Cons. · Japanese GAAP
FYE Feb 2026	703	+7.6%	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 Feb 2026 ¥515bn

CAGR · 10 yrs +5.8%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Feb 2017	311	n/a	Cons. · Japanese GAAP
FYE Feb 2018	339	+9.2%	Cons. · Japanese GAAP
FYE Feb 2019	355	+4.6%	Cons. · Japanese GAAP
FYE Feb 2020	376	+5.9%	Cons. · Japanese GAAP
FYE Feb 2021	376	−0.0%	Cons. · Japanese GAAP
FYE Feb 2022	396	+5.3%	Cons. · Japanese GAAP
FYE Feb 2023	409	+3.4%	Cons. · Japanese GAAP
FYE Feb 2024	459	+12.1%	Cons. · Japanese GAAP
FYE Feb 2025	478	+4.2%	Cons. · Japanese GAAP
FYE Feb 2026	515	+7.7%	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 Feb 2026 ¥1.3bn

CAGR · 10 yrs +18.3%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Feb 2017	0.3	n/a	Cons. · Japanese GAAP
FYE Feb 2018	0.3	−9.7%	Cons. · Japanese GAAP
FYE Feb 2019	0.3	+5.7%	Cons. · Japanese GAAP
FYE Feb 2020	0.2	−17.7%	Cons. · Japanese GAAP
FYE Feb 2021	0.1	−49.1%	Cons. · Japanese GAAP
FYE Feb 2022	0.1	−48.3%	Cons. · Japanese GAAP
FYE Feb 2023	0.4	+531.7%	Cons. · Japanese GAAP
FYE Feb 2024	2.2	+488.4%	Cons. · Japanese GAAP
FYE Feb 2025	1.6	−28.4%	Cons. · Japanese GAAP
FYE Feb 2026	1.3	−17.3%	Cons. · Japanese GAAP

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

Short-term borrowings

FYE Feb 2026 ¥45.0m

CAGR · 10 yrs −16.6%

Fiscal year	Short-term borrowings ¥ m	YoY	Basis
FYE Feb 2017	230	n/a	Cons. · Japanese GAAP
FYE Feb 2018	237	+3.0%	Cons. · Japanese GAAP
FYE Feb 2019	212	−10.5%	Cons. · Japanese GAAP
FYE Feb 2020	168	−20.8%	Cons. · Japanese GAAP
FYE Feb 2021	116	−31.0%	Cons. · Japanese GAAP
FYE Feb 2022	60.0	−48.3%	Cons. · Japanese GAAP
FYE Feb 2023	53.0	−11.7%	Cons. · Japanese GAAP
FYE Feb 2024	41.0	−22.6%	Cons. · Japanese GAAP
FYE Feb 2025	22.0	−46.3%	Cons. · Japanese GAAP
FYE Feb 2026	45.0	+104.5%	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 Feb 2026 ¥1.3bn

CAGR · 9 yrs +42.5%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Feb 2017	0.1	n/a	Cons. · Japanese GAAP
FYE Feb 2018	0.1	−0.0%	Cons. · Japanese GAAP
FYE Feb 2019	0.1	−0.0%	Cons. · Japanese GAAP
FYE Feb 2020	0.1	−0.0%	Cons. · Japanese GAAP
FYE Feb 2021	0.1	−21.3%	Cons. · Japanese GAAP
FYE Feb 2022	n/a	n/a	Cons. · Japanese GAAP
FYE Feb 2023	0.4	n/a	Cons. · Japanese GAAP
FYE Feb 2024	3.3	+760.5%	Cons. · Japanese GAAP
FYE Feb 2025	1.9	−43.1%	Cons. · Japanese GAAP
FYE Feb 2026	1.3	−32.4%	Cons. · Japanese GAAP

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

Intangible assets

FYE Feb 2026 ¥31bn

CAGR · 10 yrs +15.9%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Feb 2017	8.2	n/a	Cons. · Japanese GAAP
FYE Feb 2018	8.1	−1.1%	Cons. · Japanese GAAP
FYE Feb 2019	7.6	−5.5%	Cons. · Japanese GAAP
FYE Feb 2020	6.8	−11.4%	Cons. · Japanese GAAP
FYE Feb 2021	6.1	−10.3%	Cons. · Japanese GAAP
FYE Feb 2022	5.4	−11.2%	Cons. · Japanese GAAP
FYE Feb 2023	5.0	−8.0%	Cons. · Japanese GAAP
FYE Feb 2024	7.0	+41.7%	Cons. · Japanese GAAP
FYE Feb 2025	30.8	+338.2%	Cons. · Japanese GAAP
FYE Feb 2026	30.7	−0.0%	Cons. · Japanese GAAP

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

Goodwill

FYE Feb 2026 ¥17bn

CAGR · 10 yrs +13.2%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Feb 2017	5.5	n/a	Cons. · Japanese GAAP
FYE Feb 2018	5.6	+1.1%	Cons. · Japanese GAAP
FYE Feb 2019	4.9	−12.7%	Cons. · Japanese GAAP
FYE Feb 2020	4.2	−14.6%	Cons. · Japanese GAAP
FYE Feb 2021	3.5	−17.1%	Cons. · Japanese GAAP
FYE Feb 2022	2.7	−20.6%	Cons. · Japanese GAAP
FYE Feb 2023	2.0	−26.0%	Cons. · Japanese GAAP
FYE Feb 2024	1.9	−5.2%	Cons. · Japanese GAAP
FYE Feb 2025	18.0	+836.5%	Cons. · Japanese GAAP
FYE Feb 2026	16.8	−6.7%	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 Feb 2026 73.3%

Average · 10 yrs 76.0%

Fiscal year	Equity ratio %	YoY	Basis
FYE Feb 2017	74.4	n/a	Cons. · Japanese GAAP
FYE Feb 2018	76.1	+1.7pp	Cons. · Japanese GAAP
FYE Feb 2019	77.2	+1.1pp	Cons. · Japanese GAAP
FYE Feb 2020	76.7	−0.5pp	Cons. · Japanese GAAP
FYE Feb 2021	79.3	+2.7pp	Cons. · Japanese GAAP
FYE Feb 2022	78.7	−0.6pp	Cons. · Japanese GAAP
FYE Feb 2023	76.6	−2.1pp	Cons. · Japanese GAAP
FYE Feb 2024	74.5	−2.1pp	Cons. · Japanese GAAP
FYE Feb 2025	73.3	−1.3pp	Cons. · Japanese GAAP
FYE Feb 2026	73.3	+0.1pp	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 Feb 2026 0.3%

Average · 10 yrs 0.2%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Feb 2017	0.1	n/a	Cons. · Japanese GAAP
FYE Feb 2018	0.1	−0.0pp	Cons. · Japanese GAAP
FYE Feb 2019	0.1	−0.0pp	Cons. · Japanese GAAP
FYE Feb 2020	0.1	−0.0pp	Cons. · Japanese GAAP
FYE Feb 2021	0.0	−0.0pp	Cons. · Japanese GAAP
FYE Feb 2022	0.0	−0.0pp	Cons. · Japanese GAAP
FYE Feb 2023	0.1	+0.1pp	Cons. · Japanese GAAP
FYE Feb 2024	0.5	+0.4pp	Cons. · Japanese GAAP
FYE Feb 2025	0.3	−0.2pp	Cons. · Japanese GAAP
FYE Feb 2026	0.3	−0.1pp	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 Feb 2026 10.0%

Average · 10 yrs 8.7%

Fiscal year	ROE %	YoY	Basis
FYE Feb 2017	10.7	n/a	Cons. · Japanese GAAP
FYE Feb 2018	9.9	−0.8pp	Cons. · Japanese GAAP
FYE Feb 2019	8.5	−1.4pp	Cons. · Japanese GAAP
FYE Feb 2020	9.7	+1.2pp	Cons. · Japanese GAAP
FYE Feb 2021	3.9	−5.8pp	Cons. · Japanese GAAP
FYE Feb 2022	7.5	+3.6pp	Cons. · Japanese GAAP
FYE Feb 2023	8.2	+0.7pp	Cons. · Japanese GAAP
FYE Feb 2024	9.9	+1.7pp	Cons. · Japanese GAAP
FYE Feb 2025	9.1	−0.8pp	Cons. · Japanese GAAP
FYE Feb 2026	10.0	+1.0pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Feb 2026 7.4%

Average · 10 yrs 6.6%

Fiscal year	ROA %	YoY	Basis
FYE Feb 2017	8.0	n/a	Cons. · Japanese GAAP
FYE Feb 2018	7.5	−0.4pp	Cons. · Japanese GAAP
FYE Feb 2019	6.6	−1.0pp	Cons. · Japanese GAAP
FYE Feb 2020	7.5	+0.9pp	Cons. · Japanese GAAP
FYE Feb 2021	3.1	−4.4pp	Cons. · Japanese GAAP
FYE Feb 2022	5.9	+2.8pp	Cons. · Japanese GAAP
FYE Feb 2023	6.3	+0.4pp	Cons. · Japanese GAAP
FYE Feb 2024	7.4	+1.1pp	Cons. · Japanese GAAP
FYE Feb 2025	6.6	−0.7pp	Cons. · Japanese GAAP
FYE Feb 2026	7.4	+0.7pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Feb 2026 0.51×

CAGR · 10 yrs −1.0%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Feb 2017	0.56	n/a	Cons. · Japanese GAAP
FYE Feb 2018	0.54	−2.7%	Cons. · Japanese GAAP
FYE Feb 2019	0.54	−1.6%	Cons. · Japanese GAAP
FYE Feb 2020	0.54	−0.0%	Cons. · Japanese GAAP
FYE Feb 2021	0.41	−24.4%	Cons. · Japanese GAAP
FYE Feb 2022	0.45	+12.2%	Cons. · Japanese GAAP
FYE Feb 2023	0.46	+0.7%	Cons. · Japanese GAAP
FYE Feb 2024	0.46	+0.6%	Cons. · Japanese GAAP
FYE Feb 2025	0.48	+4.2%	Cons. · Japanese GAAP
FYE Feb 2026	0.51	+7.0%	Cons. · Japanese GAAP

Definition: How much revenue each yen of assets produces
Formula: Revenue ÷ total assets
Source: Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Feb 2026 ¥65bn

CAGR · 10 yrs +5.1%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Feb 2017	41.8	n/a	Cons. · Japanese GAAP
FYE Feb 2018	43.4	+3.9%	Cons. · Japanese GAAP
FYE Feb 2019	37.6	−13.4%	Cons. · Japanese GAAP
FYE Feb 2020	55.9	+48.6%	Cons. · Japanese GAAP
FYE Feb 2021	12.5	−77.6%	Cons. · Japanese GAAP
FYE Feb 2022	53.5	+327.3%	Cons. · Japanese GAAP
FYE Feb 2023	45.4	−15.1%	Cons. · Japanese GAAP
FYE Feb 2024	43.4	−4.5%	Cons. · Japanese GAAP
FYE Feb 2025	51.6	+19.1%	Cons. · Japanese GAAP
FYE Feb 2026	65.3	+26.6%	Cons. · Japanese GAAP

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

Investing cash flow

FYE Feb 2026 -¥25bn

Average · 10 yrs -¥27bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Feb 2017	-17.2	n/a	Cons. · Japanese GAAP
FYE Feb 2018	-57.1	n/a	Cons. · Japanese GAAP
FYE Feb 2019	-11.3	n/a	Cons. · Japanese GAAP
FYE Feb 2020	-7.4	n/a	Cons. · Japanese GAAP
FYE Feb 2021	-27.2	n/a	Cons. · Japanese GAAP
FYE Feb 2022	-36.0	n/a	Cons. · Japanese GAAP
FYE Feb 2023	-9.2	n/a	Cons. · Japanese GAAP
FYE Feb 2024	-62.7	n/a	Cons. · Japanese GAAP
FYE Feb 2025	-18.5	n/a	Cons. · Japanese GAAP
FYE Feb 2026	-24.9	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 Feb 2026 -¥31bn

Average · 10 yrs -¥18bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Feb 2017	-14.2	n/a	Cons. · Japanese GAAP
FYE Feb 2018	-11.9	n/a	Cons. · Japanese GAAP
FYE Feb 2019	-10.3	n/a	Cons. · Japanese GAAP
FYE Feb 2020	-8.4	n/a	Cons. · Japanese GAAP
FYE Feb 2021	-17.2	n/a	Cons. · Japanese GAAP
FYE Feb 2022	-12.5	n/a	Cons. · Japanese GAAP
FYE Feb 2023	-19.1	n/a	Cons. · Japanese GAAP
FYE Feb 2024	-11.6	n/a	Cons. · Japanese GAAP
FYE Feb 2025	-39.3	n/a	Cons. · Japanese GAAP
FYE Feb 2026	-31.3	n/a	Cons. · Japanese GAAP

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

Cash and equivalents

FYE Feb 2026 ¥87bn

CAGR · 10 yrs −0.2%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Feb 2017	88.0	n/a	Cons. · Japanese GAAP
FYE Feb 2018	62.5	−29.0%	Cons. · Japanese GAAP
FYE Feb 2019	78.5	+25.7%	Cons. · Japanese GAAP
FYE Feb 2020	118	+50.9%	Cons. · Japanese GAAP
FYE Feb 2021	85.8	−27.5%	Cons. · Japanese GAAP
FYE Feb 2022	92.3	+7.6%	Cons. · Japanese GAAP
FYE Feb 2023	112	+21.4%	Cons. · Japanese GAAP
FYE Feb 2024	82.4	−26.5%	Cons. · Japanese GAAP
FYE Feb 2025	76.6	−7.1%	Cons. · Japanese GAAP
FYE Feb 2026	86.7	+13.2%	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 Feb 2026 ¥40bn

CAGR · 10 yrs +5.7%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Feb 2017	24.6	n/a	Cons. · Japanese GAAP
FYE Feb 2018	-13.6	−155.5%	Cons. · Japanese GAAP
FYE Feb 2019	26.3	n/a	Cons. · Japanese GAAP
FYE Feb 2020	48.5	+84.9%	Cons. · Japanese GAAP
FYE Feb 2021	-14.7	−130.3%	Cons. · Japanese GAAP
FYE Feb 2022	17.4	n/a	Cons. · Japanese GAAP
FYE Feb 2023	36.2	+107.9%	Cons. · Japanese GAAP
FYE Feb 2024	-19.4	−153.4%	Cons. · Japanese GAAP
FYE Feb 2025	33.2	n/a	Cons. · Japanese GAAP
FYE Feb 2026	40.4	+22.0%	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 Feb 2026 18.1%

Average · 10 yrs 17.1%

Fiscal year	OCF margin %	YoY	Basis
FYE Feb 2017	17.9	n/a	Cons. · Japanese GAAP
FYE Feb 2018	17.9	−0.0pp	Cons. · Japanese GAAP
FYE Feb 2019	15.3	−2.6pp	Cons. · Japanese GAAP
FYE Feb 2020	21.3	+6.0pp	Cons. · Japanese GAAP
FYE Feb 2021	6.5	−14.8pp	Cons. · Japanese GAAP
FYE Feb 2022	23.4	+16.9pp	Cons. · Japanese GAAP
FYE Feb 2023	18.6	−4.8pp	Cons. · Japanese GAAP
FYE Feb 2024	15.3	−3.3pp	Cons. · Japanese GAAP
FYE Feb 2025	16.5	+1.2pp	Cons. · Japanese GAAP
FYE Feb 2026	18.1	+1.6pp	Cons. · Japanese GAAP

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

Net cash

FYE Feb 2026 ¥85bn

CAGR · 10 yrs −0.3%

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Feb 2017	87.7	n/a	Cons. · Japanese GAAP
FYE Feb 2018	62.2	−29.1%	Cons. · Japanese GAAP
FYE Feb 2019	78.2	+25.7%	Cons. · Japanese GAAP
FYE Feb 2020	118	+51.1%	Cons. · Japanese GAAP
FYE Feb 2021	85.7	−27.5%	Cons. · Japanese GAAP
FYE Feb 2022	92.3	+7.7%	Cons. · Japanese GAAP
FYE Feb 2023	112	+21.1%	Cons. · Japanese GAAP
FYE Feb 2024	80.2	−28.2%	Cons. · Japanese GAAP
FYE Feb 2025	75.0	−6.5%	Cons. · Japanese GAAP
FYE Feb 2026	85.4	+13.8%	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 Feb 2026 ¥1.38tn

Change · 10 yrs +¥778bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Feb 2017	601	n/a
FYE Feb 2018	657	n/a
FYE Feb 2019	752	n/a
FYE Feb 2020	619	n/a
FYE Feb 2021	747	n/a
FYE Feb 2022	892	n/a
FYE Feb 2023	884	n/a
FYE Feb 2024	905	n/a
FYE Feb 2025	1,321	n/a
FYE Feb 2026	1,379	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 Feb 2026 7,834¥

Change · 10 yrs +4,654¥

Fiscal year	Share price ¥	Basis
FYE Feb 2017	3,179	n/a
FYE Feb 2018	3,477	n/a
FYE Feb 2019	3,980	n/a
FYE Feb 2020	3,321	n/a
FYE Feb 2021	4,003	n/a
FYE Feb 2022	4,783	n/a
FYE Feb 2023	4,740	n/a
FYE Feb 2024	4,854	n/a
FYE Feb 2025	7,082	n/a
FYE Feb 2026	7,834	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 Feb 2026 176,000,000shares

Change · 10 yrs −12,990,633 shares

Fiscal year	Shares outstanding shares	Basis
FYE Feb 2017	188,990,633	Parent
FYE Feb 2018	188,990,633	Parent
FYE Feb 2019	188,990,633	Parent
FYE Feb 2020	186,490,633	Parent
FYE Feb 2021	186,490,633	Parent
FYE Feb 2022	186,490,633	Parent
FYE Feb 2023	186,490,633	Parent
FYE Feb 2024	186,490,633	Parent
FYE Feb 2025	186,490,633	Parent
FYE Feb 2026	176,000,000	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 Feb 2026 61.20¥

Change · 10 yrs −121.52¥

Fiscal year	EPS ¥	Basis
FYE Feb 2017	182.72	Cons.
FYE Feb 2018	185.95	Cons.
FYE Feb 2019	167.92	Cons.
FYE Feb 2020	203.77	Cons.
FYE Feb 2021	82.54	Cons.
FYE Feb 2022	33.45	Cons.
FYE Feb 2023	38.07	Cons.
FYE Feb 2024	51.91	Cons.
FYE Feb 2025	50.95	Cons.
FYE Feb 2026	61.20	Cons.

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

BPS book value per share

FYE Feb 2026 2,928.23¥

Change · 10 yrs +1,285.25¥

Fiscal year	BPS ¥	Basis
FYE Feb 2017	1,642.98	Cons. · Japanese GAAP
FYE Feb 2018	1,794.24	Cons. · Japanese GAAP
FYE Feb 2019	1,877.36	Cons. · Japanese GAAP
FYE Feb 2020	2,015.34	Cons. · Japanese GAAP
FYE Feb 2021	2,015.22	Cons. · Japanese GAAP
FYE Feb 2022	2,121.95	Cons. · Japanese GAAP
FYE Feb 2023	2,194.79	Cons. · Japanese GAAP
FYE Feb 2024	2,460.66	Cons. · Japanese GAAP
FYE Feb 2025	2,565.22	Cons. · Japanese GAAP
FYE Feb 2026	2,928.23	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Feb 2026 25.60×

Average · 10 yrs 25.02×

Fiscal year	PER ×	Basis
FYE Feb 2017	17.40	Cons.
FYE Feb 2018	18.70	Cons.
FYE Feb 2019	23.70	Cons.
FYE Feb 2020	16.30	Cons.
FYE Feb 2021	48.50	Cons.
FYE Feb 2022	28.60	Cons.
FYE Feb 2023	24.90	Cons.
FYE Feb 2024	18.70	Cons.
FYE Feb 2025	27.80	Cons.
FYE Feb 2026	25.60	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 Feb 2026 2.55×

Average · 10 yrs 2.02×

Fiscal year	PBR ×	Basis
FYE Feb 2017	1.85	Cons.
FYE Feb 2018	1.84	Cons.
FYE Feb 2019	2.02	Cons.
FYE Feb 2020	1.59	Cons.
FYE Feb 2021	1.89	Cons.
FYE Feb 2022	2.13	Cons.
FYE Feb 2023	2.02	Cons.
FYE Feb 2024	1.84	Cons.
FYE Feb 2025	2.51	Cons.
FYE Feb 2026	2.55	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 Feb 2026 4,088people

Change · 10 yrs +1,014 people

Fiscal year	Group employees people	YoY	Basis
FYE Feb 2017	3,074	n/a	Cons.
FYE Feb 2018	3,207	+4.3%	Cons.
FYE Feb 2019	3,179	−0.9%	Cons.
FYE Feb 2020	3,257	+2.5%	Cons.
FYE Feb 2021	3,305	+1.5%	Cons.
FYE Feb 2022	3,239	−2.0%	Cons.
FYE Feb 2023	3,297	+1.8%	Cons.
FYE Feb 2024	3,617	+9.7%	Cons.
FYE Feb 2025	3,873	+7.1%	Cons.
FYE Feb 2026	4,088	+5.6%	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 Feb 2026 529people

Change · 10 yrs +176 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Feb 2017	353	n/a	Parent
FYE Feb 2018	385	+9.1%	Parent
FYE Feb 2019	389	+1.0%	Parent
FYE Feb 2020	369	−5.1%	Parent
FYE Feb 2021	357	−3.3%	Parent
FYE Feb 2022	352	−1.4%	Parent
FYE Feb 2023	357	+1.4%	Parent
FYE Feb 2024	401	+12.3%	Parent
FYE Feb 2025	447	+11.5%	Parent
FYE Feb 2026	529	+18.3%	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 Feb 2026 ¥9.5m

Change · 10 yrs +¥0.5m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Feb 2017	9.0	n/a	Parent
FYE Feb 2018	8.7	−2.9%	Parent
FYE Feb 2019	8.8	+1.0%	Parent
FYE Feb 2020	8.7	−1.1%	Parent
FYE Feb 2021	8.5	−2.7%	Parent
FYE Feb 2022	8.8	+3.6%	Parent
FYE Feb 2023	9.0	+2.0%	Parent
FYE Feb 2024	10.3	+14.8%	Parent
FYE Feb 2025	10.8	+5.2%	Parent
FYE Feb 2026	9.5	−12.2%	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 Feb 2026 37.9years

Change · 7 yrs −4.2 years

Fiscal year	Average age years	YoY	Basis
FYE Feb 2017	n/a	n/a	Parent
FYE Feb 2018	n/a	n/a	Parent
FYE Feb 2019	n/a	n/a	Parent
FYE Feb 2020	42.1	n/a	Parent
FYE Feb 2021	39.2	−6.9%	Parent
FYE Feb 2022	39.5	+0.8%	Parent
FYE Feb 2023	39.3	−0.5%	Parent
FYE Feb 2024	39.1	−0.5%	Parent
FYE Feb 2025	38.7	−1.0%	Parent
FYE Feb 2026	37.9	−2.1%	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 Feb 2026 9.2years

Change · 10 yrs −6.8 years

Fiscal year	Average length of service years	YoY	Basis
FYE Feb 2017	16.0	n/a	Parent
FYE Feb 2018	15.8	−1.2%	Parent
FYE Feb 2019	15.0	−5.1%	Parent
FYE Feb 2020	16.6	+10.7%	Parent
FYE Feb 2021	15.4	−7.2%	Parent
FYE Feb 2022	15.6	+1.3%	Parent
FYE Feb 2023	14.3	−8.3%	Parent
FYE Feb 2024	12.8	−10.5%	Parent
FYE Feb 2025	11.0	−14.1%	Parent
FYE Feb 2026	9.2	−16.4%	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 Feb 2026 3,559people

Change · 10 yrs +313 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Feb 2017	3,246	n/a	n/a
FYE Feb 2018	3,301	+1.7%	n/a
FYE Feb 2019	3,363	+1.9%	n/a
FYE Feb 2020	3,349	−0.4%	n/a
FYE Feb 2021	2,648	−20.9%	n/a
FYE Feb 2022	2,644	−0.2%	n/a
FYE Feb 2023	2,866	+8.4%	n/a
FYE Feb 2024	3,476	+21.3%	n/a
FYE Feb 2025	3,334	−4.1%	n/a
FYE Feb 2026	3,559	+6.7%	n/a

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

Revenue per employee

FYE Feb 2026 ¥88.2m

Change · 10 yrs +¥12.2m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Feb 2017	76.0	n/a	Cons.
FYE Feb 2018	75.7	−0.4%	Cons.
FYE Feb 2019	77.5	+2.4%	Cons.
FYE Feb 2020	80.7	+4.1%	Cons.
FYE Feb 2021	58.1	−28.0%	Cons.
FYE Feb 2022	70.5	+21.4%	Cons.
FYE Feb 2023	74.1	+5.1%	Cons.
FYE Feb 2024	78.3	+5.7%	Cons.
FYE Feb 2025	80.9	+3.2%	Cons.
FYE Feb 2026	88.2	+9.1%	Cons.

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

Operating profit per employee

FYE Feb 2026 ¥16.6m

Change · 10 yrs +¥0.3m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Feb 2017	16.3	n/a	Cons.
FYE Feb 2018	14.8	−9.2%	Cons.
FYE Feb 2019	14.1	−4.6%	Cons.
FYE Feb 2020	16.2	+14.7%	Cons.
FYE Feb 2021	6.8	−58.1%	Cons.
FYE Feb 2022	12.3	+81.6%	Cons.
FYE Feb 2023	13.6	+10.4%	Cons.
FYE Feb 2024	16.4	+20.3%	Cons.
FYE Feb 2025	16.7	+2.0%	Cons.
FYE Feb 2026	16.6	−0.6%	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 →

Data API

Toho’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/9602/company.json ·/api/9602/history.json ·/api/9602/ceo.json ·/api/9602/financials.json ·/api/9602/financials/segment.json ·/api/9602/financials/pl.json ·/api/9602/financials/cf.json ·/api/9602/financials/bs.json ·/api/9602/financials/employee.json ·/api/9602/financials/stock.json ·/api/9602/financials.csv ·/api/9602/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json