Financials

Yamada Holdings: FYE Mar 2026 and ten years of results (50 metrics)

FYE Mar 2026 · Revenue¥1.69tnYoY +3.9%

FYE Mar 2026 · Operating profit¥16bnYoY −62.2%

FYE Mar 2026 · Net profit¥15bnYoY −45.1%

FYE Mar 2026 · Equity ratio48.8%YoY +0.5pp

FYE Mar 2026 · Group employees26,747YoY +1,071

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥1.56tn	n/a	¥58bn	n/a	3.7%	¥35bn	Yamada Noboru	<strong>Mitsumasa Kuwano</strong>, an outsider, made president
FYE Mar 2018Consolidated	¥1.57tn	+0.7%	¥39bn	−33.0%	2.5%	¥30bn	Kuwano Mitsumasa	—
FYE Mar 2019Consolidated	¥1.60tn	+1.7%	¥28bn	−28.1%	1.7%	¥15bn	Kuwano Mitsumasa	—
FYE Mar 2020Consolidated	¥1.61tn	+0.7%	¥38bn	+37.5%	2.4%	¥25bn	Mishima Tsuneo	Takes over Otsuka Kagu (furniture)
FYE Mar 2021Consolidated	¥1.75tn	+8.7%	¥92bn	+140.2%	5.3%	¥52bn	Mishima Tsuneo	Becomes Yamada Holdings; 11-company group; Hinokiya acquired
FYE Mar 2022Consolidated	¥1.62tn	−7.6%	¥66bn	−28.6%	4.1%	¥51bn	Mishima Tsuneo	NEOBANK launched; the “everything for living” group takes shape
FYE Mar 2023Consolidated	¥1.60tn	−1.2%	¥44bn	−32.9%	2.8%	¥32bn	Yamada Noboru	Moves to the TSE Prime Market
FYE Mar 2024Consolidated	¥1.59tn	−0.5%	¥41bn	−5.8%	2.6%	¥24bn	Yamada Noboru	—
FYE Mar 2025Consolidated	¥1.63tn	+2.3%	¥43bn	+3.2%	2.6%	¥27bn	Yamada Noboru	Completes a <span class="en-history_money" data-yen="87200000000" data-year="2024">$575.6M (¥87bn)</span> share buyback
FYE Mar 2026Consolidated	¥1.69tn	+3.9%	¥16bn	−62.2%	1.0%	¥15bn	Yamada Noboru	<strong>Yoshinori Ueno</strong> becomes third holding-company president

How it compares

Yamada Holdings¥1.69tnFY2025Operating margin 1.0%

Nojima¥983bnFY2025Operating margin 5.9%Bic Camera¥974bnFY2025Operating margin 3.1%Edion¥794bnFY2025Operating margin 3.2%

K'S HOLDINGS CORPORATION¥760bnFY2025Operating margin 3.5%

DAI-ICHI KATEI DENKI Co.,Ltd.Delisted 2002

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 ¥1.69tn

CAGR · 10 yrs +0.9%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	1,563	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,574	+0.7%	Cons. · Japanese GAAP
FYE Mar 2019	1,601	+1.7%	Cons. · Japanese GAAP
FYE Mar 2020	1,612	+0.7%	Cons. · Japanese GAAP
FYE Mar 2021	1,753	+8.7%	Cons. · Japanese GAAP
FYE Mar 2022	1,619	−7.6%	Cons. · Japanese GAAP
FYE Mar 2023	1,601	−1.2%	Cons. · Japanese GAAP
FYE Mar 2024	1,592	−0.5%	Cons. · Japanese GAAP
FYE Mar 2025	1,629	+2.3%	Cons. · Japanese GAAP
FYE Mar 2026	1,692	+3.9%	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 ¥1.25tn

CAGR · 10 yrs +1.4%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	1,108	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,136	+2.5%	Cons. · Japanese GAAP
FYE Mar 2019	1,160	+2.1%	Cons. · Japanese GAAP
FYE Mar 2020	1,151	−0.8%	Cons. · Japanese GAAP
FYE Mar 2021	1,231	+7.0%	Cons. · Japanese GAAP
FYE Mar 2022	1,154	−6.3%	Cons. · Japanese GAAP
FYE Mar 2023	1,152	−0.2%	Cons. · Japanese GAAP
FYE Mar 2024	1,138	−1.2%	Cons. · Japanese GAAP
FYE Mar 2025	1,172	+3.0%	Cons. · Japanese GAAP
FYE Mar 2026	1,250	+6.7%	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 ¥442bn

CAGR · 10 yrs −0.3%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	455	n/a	Cons. · Japanese GAAP
FYE Mar 2018	438	−3.8%	Cons. · Japanese GAAP
FYE Mar 2019	441	+0.7%	Cons. · Japanese GAAP
FYE Mar 2020	461	+4.5%	Cons. · Japanese GAAP
FYE Mar 2021	521	+13.1%	Cons. · Japanese GAAP
FYE Mar 2022	465	−10.8%	Cons. · Japanese GAAP
FYE Mar 2023	449	−3.5%	Cons. · Japanese GAAP
FYE Mar 2024	454	+1.2%	Cons. · Japanese GAAP
FYE Mar 2025	457	+0.7%	Cons. · Japanese GAAP
FYE Mar 2026	442	−3.4%	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 Mar 2026 ¥425bn

CAGR · 10 yrs +0.8%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	397	n/a	Cons. · Japanese GAAP
FYE Mar 2018	399	+0.5%	Cons. · Japanese GAAP
FYE Mar 2019	413	+3.4%	Cons. · Japanese GAAP
FYE Mar 2020	422	+2.2%	Cons. · Japanese GAAP
FYE Mar 2021	429	+1.6%	Cons. · Japanese GAAP
FYE Mar 2022	399	−6.9%	Cons. · Japanese GAAP
FYE Mar 2023	405	+1.4%	Cons. · Japanese GAAP
FYE Mar 2024	413	+2.0%	Cons. · Japanese GAAP
FYE Mar 2025	415	+0.4%	Cons. · Japanese GAAP
FYE Mar 2026	425	+2.6%	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 ¥16bn

CAGR · 10 yrs −13.2%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	57.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	38.8	−33.0%	Cons. · Japanese GAAP
FYE Mar 2019	27.9	−28.1%	Cons. · Japanese GAAP
FYE Mar 2020	38.3	+37.5%	Cons. · Japanese GAAP
FYE Mar 2021	92.1	+140.2%	Cons. · Japanese GAAP
FYE Mar 2022	65.7	−28.6%	Cons. · Japanese GAAP
FYE Mar 2023	44.1	−32.9%	Cons. · Japanese GAAP
FYE Mar 2024	41.5	−5.8%	Cons. · Japanese GAAP
FYE Mar 2025	42.8	+3.2%	Cons. · Japanese GAAP
FYE Mar 2026	16.2	−62.2%	Cons. · Japanese GAAP

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

Non-operating income

FYE Mar 2026 ¥9.8bn

CAGR · 10 yrs −6.4%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	17.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	15.6	−11.9%	Cons. · Japanese GAAP
FYE Mar 2019	15.9	+1.3%	Cons. · Japanese GAAP
FYE Mar 2020	15.2	−3.8%	Cons. · Japanese GAAP
FYE Mar 2021	13.5	−11.4%	Cons. · Japanese GAAP
FYE Mar 2022	11.6	−13.7%	Cons. · Japanese GAAP
FYE Mar 2023	10.2	−12.5%	Cons. · Japanese GAAP
FYE Mar 2024	9.9	−3.2%	Cons. · Japanese GAAP
FYE Mar 2025	10.3	+4.9%	Cons. · Japanese GAAP
FYE Mar 2026	9.8	−5.1%	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 ¥6.0bn

CAGR · 10 yrs −5.2%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	9.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	7.1	−26.4%	Cons. · Japanese GAAP
FYE Mar 2019	6.8	−3.5%	Cons. · Japanese GAAP
FYE Mar 2020	7.5	+9.8%	Cons. · Japanese GAAP
FYE Mar 2021	6.7	−10.6%	Cons. · Japanese GAAP
FYE Mar 2022	3.2	−52.1%	Cons. · Japanese GAAP
FYE Mar 2023	4.2	+30.3%	Cons. · Japanese GAAP
FYE Mar 2024	4.3	+2.9%	Cons. · Japanese GAAP
FYE Mar 2025	5.1	+18.6%	Cons. · Japanese GAAP
FYE Mar 2026	6.0	+16.8%	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 ¥20bn

CAGR · 10 yrs −12.4%

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Mar 2017	66.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	47.3	−28.3%	Cons. · Japanese GAAP
FYE Mar 2019	36.9	−22.1%	Cons. · Japanese GAAP
FYE Mar 2020	46.1	+24.9%	Cons. · Japanese GAAP
FYE Mar 2021	98.9	+114.6%	Cons. · Japanese GAAP
FYE Mar 2022	74.1	−25.0%	Cons. · Japanese GAAP
FYE Mar 2023	50.1	−32.5%	Cons. · Japanese GAAP
FYE Mar 2024	47.0	−6.0%	Cons. · Japanese GAAP
FYE Mar 2025	48.0	+2.1%	Cons. · Japanese GAAP
FYE Mar 2026	20.0	−58.4%	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 ¥12bn

CAGR · 9 yrs +74.0%

Fiscal year	Extraordinary income ¥ bn	YoY	Basis
FYE Mar 2017	0.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	n/a	n/a	Cons. · Japanese GAAP
FYE Mar 2019	1.1	n/a	Cons. · Japanese GAAP
FYE Mar 2020	5.2	+365.7%	Cons. · Japanese GAAP
FYE Mar 2021	2.4	−53.4%	Cons. · Japanese GAAP
FYE Mar 2022	3.6	+47.1%	Cons. · Japanese GAAP
FYE Mar 2023	1.3	−64.1%	Cons. · Japanese GAAP
FYE Mar 2024	3.3	+154.5%	Cons. · Japanese GAAP
FYE Mar 2025	3.2	−2.2%	Cons. · Japanese GAAP
FYE Mar 2026	11.7	+264.3%	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 ¥15bn

CAGR · 10 yrs −9.0%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	34.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.8	−13.8%	Cons. · Japanese GAAP
FYE Mar 2019	14.7	−50.7%	Cons. · Japanese GAAP
FYE Mar 2020	24.6	+67.5%	Cons. · Japanese GAAP
FYE Mar 2021	51.8	+110.5%	Cons. · Japanese GAAP
FYE Mar 2022	50.6	−2.4%	Cons. · Japanese GAAP
FYE Mar 2023	31.8	−37.1%	Cons. · Japanese GAAP
FYE Mar 2024	24.1	−24.4%	Cons. · Japanese GAAP
FYE Mar 2025	26.9	+11.9%	Cons. · Japanese GAAP
FYE Mar 2026	14.8	−45.1%	Cons. · Japanese GAAP

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

Gross margin

FYE Mar 2026 26.1%

Average · 10 yrs 28.2%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	29.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	27.8	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	27.6	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	28.6	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	29.7	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	28.7	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	28.0	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	28.5	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	28.1	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	26.1	−2.0pp	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 1.0%

Average · 10 yrs 2.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	3.7	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.5	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	1.7	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	2.4	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	5.3	+2.9pp	Cons. · Japanese GAAP
FYE Mar 2022	4.1	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2023	2.8	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2024	2.6	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2025	2.6	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	1.0	−1.7pp	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 1.2%

Average · 10 yrs 3.3%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Mar 2017	4.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.0	−1.2pp	Cons. · Japanese GAAP
FYE Mar 2019	2.3	−0.7pp	Cons. · Japanese GAAP
FYE Mar 2020	2.9	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	5.6	+2.8pp	Cons. · Japanese GAAP
FYE Mar 2022	4.6	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2023	3.1	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2024	3.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2025	2.9	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2026	1.2	−1.8pp	Cons. · Japanese GAAP

Definition: The share of revenue left at the ordinary-profit line
Formula: Ordinary profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Mar 2026 0.9%

Average · 10 yrs 1.9%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	2.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.9	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2019	0.9	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2020	1.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2021	3.0	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2022	3.1	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	2.0	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2024	1.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	1.7	+0.1pp	Cons. · Japanese GAAP
FYE Mar 2026	0.9	−0.8pp	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 73.9%

Average · 10 yrs 71.8%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	70.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	72.2	+1.3pp	Cons. · Japanese GAAP
FYE Mar 2019	72.4	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2020	71.4	−1.0pp	Cons. · Japanese GAAP
FYE Mar 2021	70.3	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2022	71.3	+1.0pp	Cons. · Japanese GAAP
FYE Mar 2023	72.0	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2024	71.5	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2025	71.9	+0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	73.9	+2.0pp	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 25.1%

Average · 10 yrs 25.4%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	25.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	25.4	−0.0pp	Cons. · Japanese GAAP
FYE Mar 2019	25.8	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2020	26.2	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	24.5	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2022	24.7	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	25.3	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2024	25.9	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	25.4	−0.5pp	Cons. · Japanese GAAP
FYE Mar 2026	25.1	−0.3pp	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 ¥1.30tn

CAGR · 10 yrs +1.3%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	1,159	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1,176	+1.4%	Cons. · Japanese GAAP
FYE Mar 2019	1,184	+0.7%	Cons. · Japanese GAAP
FYE Mar 2020	1,163	−1.7%	Cons. · Japanese GAAP
FYE Mar 2021	1,253	+7.7%	Cons. · Japanese GAAP
FYE Mar 2022	1,272	+1.5%	Cons. · Japanese GAAP
FYE Mar 2023	1,271	−0.0%	Cons. · Japanese GAAP
FYE Mar 2024	1,289	+1.4%	Cons. · Japanese GAAP
FYE Mar 2025	1,325	+2.8%	Cons. · Japanese GAAP
FYE Mar 2026	1,304	−1.6%	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 Mar 2026 ¥636bn

CAGR · 10 yrs +1.4%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	562	n/a	Cons. · Japanese GAAP
FYE Mar 2018	587	+4.4%	Cons. · Japanese GAAP
FYE Mar 2019	590	+0.6%	Cons. · Japanese GAAP
FYE Mar 2020	637	+8.0%	Cons. · Japanese GAAP
FYE Mar 2021	651	+2.2%	Cons. · Japanese GAAP
FYE Mar 2022	658	+1.1%	Cons. · Japanese GAAP
FYE Mar 2023	607	−7.9%	Cons. · Japanese GAAP
FYE Mar 2024	619	+2.0%	Cons. · Japanese GAAP
FYE Mar 2025	639	+3.3%	Cons. · Japanese GAAP
FYE Mar 2026	636	−0.5%	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 ¥243bn

CAGR · 10 yrs +4.6%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	163	n/a	Cons. · Japanese GAAP
FYE Mar 2018	173	+6.4%	Cons. · Japanese GAAP
FYE Mar 2019	162	−6.2%	Cons. · Japanese GAAP
FYE Mar 2020	178	+9.4%	Cons. · Japanese GAAP
FYE Mar 2021	168	−5.7%	Cons. · Japanese GAAP
FYE Mar 2022	172	+2.5%	Cons. · Japanese GAAP
FYE Mar 2023	247	+44.0%	Cons. · Japanese GAAP
FYE Mar 2024	240	−3.1%	Cons. · Japanese GAAP
FYE Mar 2025	260	+8.6%	Cons. · Japanese GAAP
FYE Mar 2026	243	−6.5%	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 ¥149bn

CAGR · 10 yrs +7.6%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	77.2	n/a	Cons. · Japanese GAAP
FYE Mar 2018	84.6	+9.6%	Cons. · Japanese GAAP
FYE Mar 2019	95.9	+13.4%	Cons. · Japanese GAAP
FYE Mar 2020	53.7	−44.0%	Cons. · Japanese GAAP
FYE Mar 2021	44.2	−17.7%	Cons. · Japanese GAAP
FYE Mar 2022	60.8	+37.5%	Cons. · Japanese GAAP
FYE Mar 2023	123	+102.0%	Cons. · Japanese GAAP
FYE Mar 2024	132	+7.2%	Cons. · Japanese GAAP
FYE Mar 2025	150	+14.1%	Cons. · Japanese GAAP
FYE Mar 2026	149	−1.0%	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 ¥95bn

CAGR · 10 yrs +1.2%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	85.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	88.6	+3.5%	Cons. · Japanese GAAP
FYE Mar 2019	66.4	−25.0%	Cons. · Japanese GAAP
FYE Mar 2020	124	+86.6%	Cons. · Japanese GAAP
FYE Mar 2021	123	−0.4%	Cons. · Japanese GAAP
FYE Mar 2022	111	−10.0%	Cons. · Japanese GAAP
FYE Mar 2023	125	+12.3%	Cons. · Japanese GAAP
FYE Mar 2024	108	−13.3%	Cons. · Japanese GAAP
FYE Mar 2025	110	+2.0%	Cons. · Japanese GAAP
FYE Mar 2026	94.9	−14.0%	Cons. · Japanese GAAP

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

Intangible assets

FYE Mar 2026 ¥39bn

CAGR · 10 yrs +1.8%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	33.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	40.3	+20.2%	Cons. · Japanese GAAP
FYE Mar 2019	34.9	−13.4%	Cons. · Japanese GAAP
FYE Mar 2020	33.7	−3.4%	Cons. · Japanese GAAP
FYE Mar 2021	42.8	+26.9%	Cons. · Japanese GAAP
FYE Mar 2022	41.0	−4.3%	Cons. · Japanese GAAP
FYE Mar 2023	42.3	+3.3%	Cons. · Japanese GAAP
FYE Mar 2024	40.6	−3.9%	Cons. · Japanese GAAP
FYE Mar 2025	39.1	−3.7%	Cons. · Japanese GAAP
FYE Mar 2026	39.5	+0.8%	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 ¥2.6bn

CAGR · 6 yrs −4.5%

Fiscal year	Goodwill ¥ 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	3.3	n/a	Cons. · Japanese GAAP
FYE Mar 2022	2.4	−27.5%	Cons. · Japanese GAAP
FYE Mar 2023	3.2	+37.6%	Cons. · Japanese GAAP
FYE Mar 2024	2.7	−16.1%	Cons. · Japanese GAAP
FYE Mar 2025	2.0	−27.8%	Cons. · Japanese GAAP
FYE Mar 2026	2.6	+31.7%	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 Mar 2026 48.8%

Average · 10 yrs 49.9%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	48.5	n/a	Cons. · Japanese GAAP
FYE Mar 2018	49.9	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2019	49.8	−0.1pp	Cons. · Japanese GAAP
FYE Mar 2020	54.7	+4.9pp	Cons. · Japanese GAAP
FYE Mar 2021	52.0	−2.8pp	Cons. · Japanese GAAP
FYE Mar 2022	51.8	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	47.7	−4.1pp	Cons. · Japanese GAAP
FYE Mar 2024	48.0	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2025	48.3	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	48.8	+0.5pp	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 38.3%

Average · 10 yrs 32.4%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	28.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	29.5	+0.6pp	Cons. · Japanese GAAP
FYE Mar 2019	27.5	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2020	27.9	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2021	25.7	−2.1pp	Cons. · Japanese GAAP
FYE Mar 2022	26.1	+0.4pp	Cons. · Japanese GAAP
FYE Mar 2023	40.8	+14.7pp	Cons. · Japanese GAAP
FYE Mar 2024	38.8	−2.0pp	Cons. · Japanese GAAP
FYE Mar 2025	40.7	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2026	38.3	−2.5pp	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 2.3%

Average · 10 yrs 4.9%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	6.1	n/a	Cons. · Japanese GAAP
FYE Mar 2018	5.1	−1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	2.5	−2.6pp	Cons. · Japanese GAAP
FYE Mar 2020	3.9	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2021	8.0	+4.1pp	Cons. · Japanese GAAP
FYE Mar 2022	7.7	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2023	5.2	−2.4pp	Cons. · Japanese GAAP
FYE Mar 2024	3.9	−1.4pp	Cons. · Japanese GAAP
FYE Mar 2025	4.2	+0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	2.3	−1.9pp	Cons. · Japanese GAAP

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

ROA return on assets

FYE Mar 2026 1.1%

Average · 10 yrs 2.5%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	3.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	2.5	−0.4pp	Cons. · Japanese GAAP
FYE Mar 2019	1.2	−1.3pp	Cons. · Japanese GAAP
FYE Mar 2020	2.1	+0.9pp	Cons. · Japanese GAAP
FYE Mar 2021	4.1	+2.0pp	Cons. · Japanese GAAP
FYE Mar 2022	4.0	−0.2pp	Cons. · Japanese GAAP
FYE Mar 2023	2.5	−1.5pp	Cons. · Japanese GAAP
FYE Mar 2024	1.9	−0.6pp	Cons. · Japanese GAAP
FYE Mar 2025	2.0	+0.2pp	Cons. · Japanese GAAP
FYE Mar 2026	1.1	−0.9pp	Cons. · Japanese GAAP

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

Asset turnover

FYE Mar 2026 1.30×

CAGR · 10 yrs −0.4%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	1.35	n/a	Cons. · Japanese GAAP
FYE Mar 2018	1.34	−0.7%	Cons. · Japanese GAAP
FYE Mar 2019	1.35	+1.0%	Cons. · Japanese GAAP
FYE Mar 2020	1.39	+2.5%	Cons. · Japanese GAAP
FYE Mar 2021	1.40	+1.0%	Cons. · Japanese GAAP
FYE Mar 2022	1.27	−9.0%	Cons. · Japanese GAAP
FYE Mar 2023	1.26	−1.1%	Cons. · Japanese GAAP
FYE Mar 2024	1.24	−1.9%	Cons. · Japanese GAAP
FYE Mar 2025	1.23	−0.5%	Cons. · Japanese GAAP
FYE Mar 2026	1.30	+5.5%	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 ¥50bn

CAGR · 10 yrs +1.4%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	43.9	n/a	Cons. · Japanese GAAP
FYE Mar 2018	61.7	+40.7%	Cons. · Japanese GAAP
FYE Mar 2019	36.0	−41.6%	Cons. · Japanese GAAP
FYE Mar 2020	62.4	+73.3%	Cons. · Japanese GAAP
FYE Mar 2021	122	+95.9%	Cons. · Japanese GAAP
FYE Mar 2022	21.1	−82.8%	Cons. · Japanese GAAP
FYE Mar 2023	43.7	+107.5%	Cons. · Japanese GAAP
FYE Mar 2024	54.6	+24.7%	Cons. · Japanese GAAP
FYE Mar 2025	51.6	−5.5%	Cons. · Japanese GAAP
FYE Mar 2026	49.8	−3.4%	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 -¥33bn

Average · 10 yrs -¥20bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-15.3	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-12.7	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-8.5	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-8.2	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-14.8	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-22.3	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-25.2	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-21.9	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-35.1	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-32.9	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 Mar 2026 -¥48bn

Average · 10 yrs -¥35bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-24.4	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-32.9	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-27.5	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-58.1	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-82.8	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-16.6	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-29.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-25.6	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-4.1	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-48.2	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 ¥37bn

CAGR · 10 yrs +0.7%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	35.0	n/a	Cons. · Japanese GAAP
FYE Mar 2018	51.3	+46.7%	Cons. · Japanese GAAP
FYE Mar 2019	51.2	−0.3%	Cons. · Japanese GAAP
FYE Mar 2020	48.4	−5.4%	Cons. · Japanese GAAP
FYE Mar 2021	73.8	+52.4%	Cons. · Japanese GAAP
FYE Mar 2022	56.5	−23.4%	Cons. · Japanese GAAP
FYE Mar 2023	46.5	−17.7%	Cons. · Japanese GAAP
FYE Mar 2024	54.4	+16.9%	Cons. · Japanese GAAP
FYE Mar 2025	67.6	+24.3%	Cons. · Japanese GAAP
FYE Mar 2026	37.3	−44.8%	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 ¥17bn

CAGR · 10 yrs −5.7%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	28.6	n/a	Cons. · Japanese GAAP
FYE Mar 2018	49.0	+71.5%	Cons. · Japanese GAAP
FYE Mar 2019	27.6	−43.8%	Cons. · Japanese GAAP
FYE Mar 2020	54.2	+96.7%	Cons. · Japanese GAAP
FYE Mar 2021	108	+98.4%	Cons. · Japanese GAAP
FYE Mar 2022	-1.2	−101.1%	Cons. · Japanese GAAP
FYE Mar 2023	18.5	n/a	Cons. · Japanese GAAP
FYE Mar 2024	32.6	+76.2%	Cons. · Japanese GAAP
FYE Mar 2025	16.4	−49.7%	Cons. · Japanese GAAP
FYE Mar 2026	16.9	+3.1%	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 2.9%

Average · 10 yrs 3.3%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	2.8	n/a	Cons. · Japanese GAAP
FYE Mar 2018	3.9	+1.1pp	Cons. · Japanese GAAP
FYE Mar 2019	2.3	−1.7pp	Cons. · Japanese GAAP
FYE Mar 2020	3.9	+1.6pp	Cons. · Japanese GAAP
FYE Mar 2021	7.0	+3.1pp	Cons. · Japanese GAAP
FYE Mar 2022	1.3	−5.7pp	Cons. · Japanese GAAP
FYE Mar 2023	2.7	+1.4pp	Cons. · Japanese GAAP
FYE Mar 2024	3.4	+0.7pp	Cons. · Japanese GAAP
FYE Mar 2025	3.2	−0.3pp	Cons. · Japanese GAAP
FYE Mar 2026	2.9	−0.2pp	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 -¥206bn

Average · 10 yrs -¥148bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-128	n/a	Cons. · Japanese GAAP
FYE Mar 2018	-122	n/a	Cons. · Japanese GAAP
FYE Mar 2019	-111	n/a	Cons. · Japanese GAAP
FYE Mar 2020	-129	n/a	Cons. · Japanese GAAP
FYE Mar 2021	-93.9	n/a	Cons. · Japanese GAAP
FYE Mar 2022	-115	n/a	Cons. · Japanese GAAP
FYE Mar 2023	-201	n/a	Cons. · Japanese GAAP
FYE Mar 2024	-185	n/a	Cons. · Japanese GAAP
FYE Mar 2025	-193	n/a	Cons. · Japanese GAAP
FYE Mar 2026	-206	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 ¥507bn

Change · 10 yrs −¥30bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	537	n/a
FYE Mar 2018	617	n/a
FYE Mar 2019	527	n/a
FYE Mar 2020	417	n/a
FYE Mar 2021	577	n/a
FYE Mar 2022	367	n/a
FYE Mar 2023	441	n/a
FYE Mar 2024	426	n/a
FYE Mar 2025	416	n/a
FYE Mar 2026	507	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 524¥

Change · 10 yrs −31¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	555	n/a
FYE Mar 2018	638	n/a
FYE Mar 2019	546	n/a
FYE Mar 2020	431	n/a
FYE Mar 2021	597	n/a
FYE Mar 2022	380	n/a
FYE Mar 2023	456	n/a
FYE Mar 2024	441	n/a
FYE Mar 2025	431	n/a
FYE Mar 2026	524	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 966,863,000shares

Change · 10 yrs +374,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	966,489,000	Parent
FYE Mar 2018	966,489,000	Parent
FYE Mar 2019	966,489,000	Parent
FYE Mar 2020	966,489,000	Parent
FYE Mar 2021	966,560,000	Parent
FYE Mar 2022	966,647,000	Parent
FYE Mar 2023	966,748,000	Parent
FYE Mar 2024	966,863,000	Parent
FYE Mar 2025	966,863,000	Parent
FYE Mar 2026	966,863,000	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 21.95¥

Change · 10 yrs −21.05¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	43.00	Cons.
FYE Mar 2018	36.77	Cons.
FYE Mar 2019	18.18	Cons.
FYE Mar 2020	28.38	Cons.
FYE Mar 2021	62.82	Cons.
FYE Mar 2022	60.96	Cons.
FYE Mar 2023	40.25	Cons.
FYE Mar 2024	34.78	Cons.
FYE Mar 2025	38.90	Cons.
FYE Mar 2026	21.95	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 657.70¥

Change · 10 yrs +76.04¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	581.66	Cons. · Japanese GAAP
FYE Mar 2018	607.01	Cons. · Japanese GAAP
FYE Mar 2019	610.43	Cons. · Japanese GAAP
FYE Mar 2020	659.10	Cons. · Japanese GAAP
FYE Mar 2021	673.52	Cons. · Japanese GAAP
FYE Mar 2022	681.15	Cons. · Japanese GAAP
FYE Mar 2023	627.45	Cons. · Japanese GAAP
FYE Mar 2024	639.84	Cons. · Japanese GAAP
FYE Mar 2025	661.23	Cons. · Japanese GAAP
FYE Mar 2026	657.70	Cons. · Japanese GAAP

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

PER price-to-earnings ratio

FYE Mar 2026 23.87×

Average · 10 yrs 15.02×

Fiscal year	PER ×	Basis
FYE Mar 2017	12.91	Cons.
FYE Mar 2018	17.35	Cons.
FYE Mar 2019	30.02	Cons.
FYE Mar 2020	15.19	Cons.
FYE Mar 2021	9.50	Cons.
FYE Mar 2022	6.23	Cons.
FYE Mar 2023	11.33	Cons.
FYE Mar 2024	12.68	Cons.
FYE Mar 2025	11.07	Cons.
FYE Mar 2026	23.87	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 0.55×

Average · 10 yrs 0.63×

Fiscal year	PBR ×	Basis
FYE Mar 2017	0.80	Cons.
FYE Mar 2018	0.87	Cons.
FYE Mar 2019	0.75	Cons.
FYE Mar 2020	0.60	Cons.
FYE Mar 2021	0.75	Cons.
FYE Mar 2022	0.48	Cons.
FYE Mar 2023	0.53	Cons.
FYE Mar 2024	0.49	Cons.
FYE Mar 2025	0.47	Cons.
FYE Mar 2026	0.55	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 Mar 2026 26,747people

Change · 10 yrs +7,509 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	19,238	n/a	Cons.
FYE Mar 2018	19,752	+2.7%	Cons.
FYE Mar 2019	18,853	−4.6%	Cons.
FYE Mar 2020	19,985	+6.0%	Cons.
FYE Mar 2021	24,300	+21.6%	Cons.
FYE Mar 2022	22,951	−5.6%	Cons.
FYE Mar 2023	25,284	+10.2%	Cons.
FYE Mar 2024	25,526	+1.0%	Cons.
FYE Mar 2025	25,676	+0.6%	Cons.
FYE Mar 2026	26,747	+4.2%	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 561people

Change · 10 yrs −10,007 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	10,568	n/a	Parent
FYE Mar 2018	10,161	−3.9%	Parent
FYE Mar 2019	10,432	+2.7%	Parent
FYE Mar 2020	10,539	+1.0%	Parent
FYE Mar 2021	761	−92.8%	Parent
FYE Mar 2022	892	+17.2%	Parent
FYE Mar 2023	600	−32.7%	Parent
FYE Mar 2024	608	+1.3%	Parent
FYE Mar 2025	573	−5.8%	Parent
FYE Mar 2026	561	−2.1%	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 ¥5.6m

Change · 8 yrs +¥1.2m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	4.4	n/a	Parent
FYE Mar 2020	4.5	+0.4%	Parent
FYE Mar 2021	5.4	+21.7%	Parent
FYE Mar 2022	5.4	−1.0%	Parent
FYE Mar 2023	5.3	−2.1%	Parent
FYE Mar 2024	5.3	+0.2%	Parent
FYE Mar 2025	5.2	−1.3%	Parent
FYE Mar 2026	5.6	+7.9%	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 46.9years

Change · 8 yrs +8.2 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	38.7	n/a	Parent
FYE Mar 2020	39.6	+2.3%	Parent
FYE Mar 2021	44.2	+11.6%	Parent
FYE Mar 2022	44.5	+0.7%	Parent
FYE Mar 2023	44.5	−0.0%	Parent
FYE Mar 2024	45.1	+1.3%	Parent
FYE Mar 2025	45.7	+1.3%	Parent
FYE Mar 2026	46.9	+2.6%	Parent

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

Average length of service

FYE Mar 2026 14.1years

Change · 8 yrs +2.0 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	12.1	n/a	Parent
FYE Mar 2020	12.7	+5.0%	Parent
FYE Mar 2021	10.4	−18.1%	Parent
FYE Mar 2022	12.8	+23.1%	Parent
FYE Mar 2023	11.4	−10.9%	Parent
FYE Mar 2024	12.1	+6.1%	Parent
FYE Mar 2025	12.9	+6.6%	Parent
FYE Mar 2026	14.1	+9.3%	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 6,025people

Change · 10 yrs −3,645 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	9,670	n/a	n/a
FYE Mar 2018	9,577	−1.0%	n/a
FYE Mar 2019	9,520	−0.6%	n/a
FYE Mar 2020	9,496	−0.3%	n/a
FYE Mar 2021	9,258	−2.5%	n/a
FYE Mar 2022	8,441	−8.8%	n/a
FYE Mar 2023	6,148	−27.2%	n/a
FYE Mar 2024	6,262	+1.9%	n/a
FYE Mar 2025	5,895	−5.9%	n/a
FYE Mar 2026	6,025	+2.2%	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 ¥63.3m

Change · 10 yrs −¥18.0m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	81.2	n/a	Cons.
FYE Mar 2018	79.7	−1.9%	Cons.
FYE Mar 2019	84.9	+6.5%	Cons.
FYE Mar 2020	80.6	−5.0%	Cons.
FYE Mar 2021	72.1	−10.6%	Cons.
FYE Mar 2022	70.6	−2.2%	Cons.
FYE Mar 2023	63.3	−10.3%	Cons.
FYE Mar 2024	62.4	−1.5%	Cons.
FYE Mar 2025	63.4	+1.7%	Cons.
FYE Mar 2026	63.3	−0.3%	Cons.

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

Operating profit per employee

FYE Mar 2026 ¥0.6m

Change · 10 yrs −¥2.4m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	3.0	n/a	Cons.
FYE Mar 2018	2.0	−34.8%	Cons.
FYE Mar 2019	1.5	−24.7%	Cons.
FYE Mar 2020	1.9	+29.8%	Cons.
FYE Mar 2021	3.8	+97.6%	Cons.
FYE Mar 2022	2.9	−24.5%	Cons.
FYE Mar 2023	1.7	−39.1%	Cons.
FYE Mar 2024	1.6	−6.7%	Cons.
FYE Mar 2025	1.7	+2.6%	Cons.
FYE Mar 2026	0.6	−63.8%	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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