Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-25
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥294.8bn2025-04-01 → 2026-03-31Cons.Operating revenue1
Revenue¥279.2bn2024-04-01 → 2025-03-31Cons.Operating revenue1
Revenue¥266.8bn2023-04-01 → 2024-03-31vCons.Operating revenue1 (5-year summary)
Revenue¥274.1bn2022-04-01 → 2023-03-31vCons.Operating revenue1 (5-year summary)
Revenue¥261.7bn2021-04-01 → 2022-03-31vCons.Operating revenue1 (5-year summary)
Operating income¥36.5bn2025-04-01 → 2026-03-31Cons.Operating income
Operating income¥33.1bn2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income¥40.7bn2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income¥36.7bn2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥34.2bn2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥35.1bn2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥30.9bn2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥44.4bn2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥38.1bn2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)¥31.3bn2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥26.9bn2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥25.0bn2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥24.6bn2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥20.9bn2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥31.4bn2025-04-01 → 2026-03-31Cons.Profit loss
Net income¥27.0bn2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥538.4bnat 2026-03-31Cons.Assets
Total assets¥491.1bnat 2025-03-31Cons.Assets
Total assets¥483.9bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥456.0bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥434.7bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥140.5bnat 2026-03-31Cons.Liabilities
Total liabilities¥106.6bnat 2025-03-31Cons.Liabilities
Net assets / equity¥397.9bnat 2026-03-31Cons.Net assets
Net assets / equity¥384.5bnat 2025-03-31Cons.Net assets
Net assets / equity¥387.3bnat 2024-03-31vCons.Net assets
Net assets / equity¥373.0bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥367.9bnat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥76.3bnat 2026-03-31Cons.Cash and deposits
Cash and deposits¥75.1bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥69.2bnat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥95.5bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥80.1bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥66.1bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥46.4bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥35.7bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥40.4bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥42.5bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥35.6bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥37.0bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥60.6bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥7.5bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥16.4bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥13.7bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥3.8bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥1.6bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥17.9bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥12.2bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥2.2bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥9.8bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥311.262025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥257.882024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥232.972023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥220.692022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥180.142021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥4,006.48at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥3,780.59at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥3,622.81at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥3,372.81at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥3,193.03at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio73.5%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio78.0%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio79.7%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio81.4%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio84.2%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE8.0%2025-04-01 → 2026-03-31Cons.Rate of return on equity (5-year summary)
ROE7.0%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE6.6%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE6.7%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
ROE5.8%2021-04-01 → 2022-03-31vCons.Rate of return on equity (5-year summary)
Employees4,389at 2026-03-31Cons.Number of employees
Employees4,149at 2025-03-31Cons.Number of employees
Employees4,180at 2024-03-31vCons.Number of employees
Employees4,206at 2023-03-31vCons.Number of employees
Employees4,261at 2022-03-31vCons.Number of employees
Revenue¥262.7bn2025-04-01 → 2026-03-31StandaloneOperating revenue1
Revenue¥250.2bn2024-04-01 → 2025-03-31StandaloneOperating revenue1
Revenue¥238.1bn2023-04-01 → 2024-03-31vStandaloneOperating revenue1 (5-year summary)
Revenue¥245.4bn2022-04-01 → 2023-03-31vStandaloneOperating revenue1 (5-year summary)
Revenue¥237.8bn2021-04-01 → 2022-03-31vStandaloneOperating revenue1 (5-year summary)
Operating income¥34.2bn2025-04-01 → 2026-03-31StandaloneOperating income
Operating income¥31.6bn2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income¥37.9bn2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income¥36.0bn2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥32.9bn2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥33.5bn2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥30.4bn2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥41.7bn2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax¥37.5bn2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income¥29.7bn2025-04-01 → 2026-03-31StandaloneProfit loss
Net income¥27.0bn2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥24.6bn2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income¥23.8bn2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income¥20.9bn2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥511.9bnat 2026-03-31StandaloneAssets
Total assets¥473.4bnat 2025-03-31StandaloneAssets
Total assets¥466.1bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥440.4bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥420.1bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥134.4bnat 2026-03-31StandaloneLiabilities
Total liabilities¥103.6bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥377.4bnat 2026-03-31StandaloneNet assets
Net assets / equity¥369.8bnat 2025-03-31StandaloneNet assets
Net assets / equity¥373.7bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥362.6bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥359.4bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥64.8bnat 2026-03-31StandaloneCash and deposits
Cash and deposits¥65.5bnat 2025-03-31StandaloneCash and deposits
EPS (basic)¥295.552025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥258.752024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥228.842023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥212.92022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥180.92021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥2052025-04-01 → 2026-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥1302024-04-01 → 2025-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥1002023-04-01 → 2024-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥902022-04-01 → 2023-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥732021-04-01 → 2022-03-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥3,823.21at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥3,651.4at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥3,510.44at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥3,294.67at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥3,134.49at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio73.7%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio78.1%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio80.2%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio82.3%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio85.6%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE7.9%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE7.3%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE6.7%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE6.6%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE5.9%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued106,576,000at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued106,576,000at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued112,076,000at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued116,376,000at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued127,496,000at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees3,633at 2026-03-31StandaloneNumber of employees
Employees3,623at 2025-03-31StandaloneNumber of employees
Employees3,643at 2024-03-31vStandaloneNumber of employees
Employees3,674at 2023-03-31vStandaloneNumber of employees
Employees3,719at 2022-03-31vStandaloneNumber of employees

Periods use the dates stated in the filing. d = earlier-year period dated by calendar; v = that date confirmed by the company's own earlier filing.

Segments · 24
SegmentItemPeriodValue
Reconciling Itemsreconcilingrevenue2025-04-01 → 2026-03-31−¥3.8bn
Reconciling Itemsreconcilingrevenue intersegment2025-04-01 → 2026-03-31−¥3.8bn
Reconciling Itemsreconcilingsegment assetsat 2026-03-31¥207.3bn
Reconciling Itemsreconcilingsegment profit2025-04-01 → 2026-03-31¥29m
—segment totalcapex2025-04-01 → 2026-03-31¥14.9bn
—segment totaldepreciation2025-04-01 → 2026-03-31¥13.8bn
—segment totalemployeesat 2026-03-314159 pure
—segment totalrevenue2025-04-01 → 2026-03-31¥298.5bn
—segment totalrevenue external2025-04-01 → 2026-03-31¥294.8bn
—segment totalrevenue intersegment2025-04-01 → 2026-03-31¥3.8bn
—segment totalsegment assetsat 2026-03-31¥331.1bn
—segment totalsegment profit2025-04-01 → 2026-03-31¥36.5bn
Reconciling Itemsreconcilingrevenue2024-04-01 → 2025-03-31−¥3.2bn
Reconciling Itemsreconcilingrevenue intersegment2024-04-01 → 2025-03-31−¥3.2bn
Reconciling Itemsreconcilingsegment assetsat 2025-03-31¥189.3bn
Reconciling Itemsreconcilingsegment profit2024-04-01 → 2025-03-31¥23m
—segment totalcapex2024-04-01 → 2025-03-31¥5.7bn
—segment totaldepreciation2024-04-01 → 2025-03-31¥13.2bn
—segment totalrevenue2024-04-01 → 2025-03-31¥282.3bn
—segment totalrevenue external2024-04-01 → 2025-03-31¥279.2bn
—segment totalrevenue intersegment2024-04-01 → 2025-03-31¥3.2bn
—segment totalsegment assetsat 2025-03-31¥301.8bn
—segment totalsegment profit2024-04-01 → 2025-03-31¥33.1bn
—segment totalemployeesat 2026-03-313516 pure

Segment names come from EDINET member IDs; not yet mapped to a common taxonomy.

All source rows · 1,995
ItemContextValueUnit
Comprehensive income (5-year summary)Prior4YearDuration25089000000JPY
Comprehensive income (5-year summary)Prior3YearDuration27064000000JPY
Comprehensive income (5-year summary)Prior2YearDuration36252000000JPY
Comprehensive income (5-year summary)Prior1YearDuration25372000000JPY
Comprehensive income (5-year summary)CurrentYearDuration43425000000JPY
Net assets (5-year summary)Prior4YearInstant367917000000JPY
Net assets (5-year summary)Prior3YearInstant373005000000JPY
Net assets (5-year summary)Prior2YearInstant387290000000JPY
Net assets (5-year summary)Prior1YearInstant384518000000JPY
Net assets (5-year summary)CurrentYearInstant397859000000JPY
Total assets (5-year summary)Prior4YearInstant434734000000JPY
Total assets (5-year summary)Prior3YearInstant456038000000JPY
Total assets (5-year summary)Prior2YearInstant483921000000JPY
Total assets (5-year summary)Prior1YearInstant491092000000JPY
Total assets (5-year summary)CurrentYearInstant538407000000JPY
Net assets per share (5-year summary)Prior4YearInstant3193.03
Net assets per share (5-year summary)Prior3YearInstant3372.81
Net assets per share (5-year summary)Prior2YearInstant3622.81
Net assets per share (5-year summary)Prior1YearInstant3780.59
Net assets per share (5-year summary)CurrentYearInstant4006.48
Basic earnings loss per share (5-year summary)Prior4YearDuration180.14
Basic earnings loss per share (5-year summary)Prior3YearDuration220.69
Basic earnings loss per share (5-year summary)Prior2YearDuration232.97
Basic earnings loss per share (5-year summary)Prior1YearDuration257.88
Basic earnings loss per share (5-year summary)CurrentYearDuration311.26
Diluted earnings per share (5-year summary)Prior4YearDuration-
Diluted earnings per share (5-year summary)Prior3YearDuration-
Diluted earnings per share (5-year summary)Prior2YearDuration-
Diluted earnings per share (5-year summary)Prior1YearDuration-
Diluted earnings per share (5-year summary)CurrentYearDuration-
Equity to asset ratio (5-year summary)Prior4YearInstant0.842
Equity to asset ratio (5-year summary)Prior3YearInstant0.814
Equity to asset ratio (5-year summary)Prior2YearInstant0.797
Equity to asset ratio (5-year summary)Prior1YearInstant0.780
Equity to asset ratio (5-year summary)CurrentYearInstant0.735
Rate of return on equity (5-year summary)Prior4YearDuration0.058
Rate of return on equity (5-year summary)Prior3YearDuration0.067
Rate of return on equity (5-year summary)Prior2YearDuration0.066
Rate of return on equity (5-year summary)Prior1YearDuration0.070
Rate of return on equity (5-year summary)CurrentYearDuration0.080
Price earnings ratio (5-year summary)Prior4YearDuration12.2
Price earnings ratio (5-year summary)Prior3YearDuration12.6
Price earnings ratio (5-year summary)Prior2YearDuration14.4
Price earnings ratio (5-year summary)Prior1YearDuration13.5
Price earnings ratio (5-year summary)CurrentYearDuration17.5
Net cash provided by used in operating activities (5-year summary)Prior4YearDuration37036000000JPY
Net cash provided by used in operating activities (5-year summary)Prior3YearDuration35564000000JPY
Net cash provided by used in operating activities (5-year summary)Prior2YearDuration42471000000JPY
Net cash provided by used in operating activities (5-year summary)Prior1YearDuration40409000000JPY
Net cash provided by used in operating activities (5-year summary)CurrentYearDuration35717000000JPY

Every row of the EDINET CSV. Item names are the XBRL element names; filed text is kept in its original Japanese. Filed text is available on Plus and Pro.

Data checks · 24 of 24 passed
balance sheet identityconsolidated 2025-03-31pass
balance sheet identityconsolidated 2026-03-31pass rounding
balance sheet identitynon_consolidated 2025-03-31pass
balance sheet identitynon_consolidated 2026-03-31pass
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-03-31pass
statement vs summary · net assetsconsolidated 2025-03-31pass
statement vs summary · net assetsconsolidated 2026-03-31pass
statement vs summary · net assetsnon_consolidated 2024-03-31pass
statement vs summary · net assetsnon_consolidated 2025-03-31pass
statement vs summary · net assetsnon_consolidated 2026-03-31pass
statement vs summary · net income attributable to parentconsolidated 2024-04-01/2025-03-31pass
statement vs summary · net income attributable to parentconsolidated 2025-04-01/2026-03-31pass
statement vs summary · operating cash flowconsolidated 2024-04-01/2025-03-31pass
statement vs summary · operating cash flowconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenueconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenueconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenuenon_consolidated 2024-04-01/2025-03-31pass
statement vs summary · revenuenon_consolidated 2025-04-01/2026-03-31pass
statement vs summary · total assetsconsolidated 2025-03-31pass
statement vs summary · total assetsconsolidated 2026-03-31pass
statement vs summary · total assetsnon_consolidated 2025-03-31pass
statement vs summary · total assetsnon_consolidated 2026-03-31pass