| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | JPY 3.33T | +15.9% |
| Gross Profit | — | — |
| EBITDA | JPY 861.04B | +17.7% |
| Net Income | JPY 447.26B | +27.2% |
| Diluted EPS | — | — |
| Free Cash Flow | — | — |
| DPS (FY2026) | JPY 152.52derived |
| Trailing yield | — |
| Payout ratio | 38.2% |
| Growth streak | 2 yrs |
| 5y DPS growth | 14.7% |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20262026-03-31 | JPY 152.52 | +28.8% | derived (paid ÷ diluted shares) |
| FY20252025-03-31 | JPY 118.44 | +37.7% |
| Ratio | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend · 13y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||||||||||
| Gross Margin | — | — | — | 83.15% | 83.14% | 79.12% | 78.78% | — | — | — | — | — | — | — | — | |
| Operating Margin | 14.76% | 11.81% | 12.15% | 12.29% | 11.74% | 13.53% | 11.83% | 11.29% | 11.68% | 12.61% | 12.82% | 11.54% | 13.70% | 88% | 58% | |
| EBITDA Margin | 29.79% | 22.37% | 22.48% | 21.76% | 21.52% | 25.67% | 25.17% | 25.07% | 24.45% | 25.39% | 25.76% | 25.44% | 25.85% | 88% | 54% | |
| NOPAT Margin | 9.68% | 8.75% | 8.41% | 8.12% | 8.67% | 11.18% | 8.79% | 7.73% | 7.40% | 9.55% | 9.23% | 8.45% | 9.08% | 65% | 38% | |
| Net Margin | 13.62% | 10.81% | 10.98% | 10.20% | 10.94% | 13.30% | 13.27% | 8.39% | 12.65% | 10.90% | 12.30% | 12.23% | 13.43% | 88% | 38% | |
| OCF Margin | 34.76% | 11.85% | 21.55% | 21.79% | 19.87% | 24.14% | 45.72% | 48.08% | 43.99% | 34.28% | 44.18% | 45.23% | 41.12% | 58% | 79% | |
| Gross Profitability | — | — | — | 19.83% | 20.83% | 15.82% | 13.75% | — | — | — | — | — | — | — | — | |
| ▸Returns on Capital · 4 ratios | ||||||||||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||||||||||||||
| ▸Earnings quality · 5 ratios | ||||||||||||||||
| ▸Liquidity & coverage · 3 ratios | ||||||||||||||||
| ▸Leverage · 9 ratios | ||||||||||||||||
| ▸Working capital · 2 ratios | ||||||||||||||||
| ▸Capital allocation · 3 ratios | ||||||||||||||||
| ▸Per share · 2 ratios | ||||||||||||||||
The five drivers multiply to 10.3% vs reported ROE 10.4%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2014↗ | 2015↗ | 2016↗ | 2017↗ | 2018↗ | 2019↗ | 2020↗ | 2021↗ | 2022↗ | 2023↗ | 2024↗ | 2025↗ | 2026↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | JPY 1.38T | JPY 2.17T | JPY 2.37T | JPY 2.68T | JPY 2.86T | JPY 2.43T | JPY 2.28T | JPY 2.29T | JPY 2.51T | JPY 2.66T | JPY 2.81T | JPY 2.87T | JPY 3.33T |
| YoY % | +58.1% | +9.0% | +13.1% | +6.9% | -14.9% | -6.3% | +0.5% | +9.4% | +6.2% | +5.7% | +2.1% | +15.9% | |
| Cost of Revenue | — | — | — | JPY 451.28B | JPY 482.80B | JPY 508.32B | JPY 483.91B | — | — | — | — | — | — |
| YoY % | +7.0% | +5.3% | -4.8% | ||||||||||
| SG&A Expense | JPY 316.85B | JPY 427.82B | JPY 422.69B | JPY 418.75B | JPY 431.59B | JPY 437.03B | JPY 460.20B | JPY 456.80B | JPY 522.78B | JPY 559.41B | JPY 627.63B | JPY 646.05B | JPY 711.77B |
| YoY % | +35.0% | -1.2% | -0.9% | +3.1% | +1.3% | +5.3% | -0.7% | +14.4% | +7.0% | +12.2% | +2.9% | +10.2% | |
| Total Operating Expenses | JPY 1.17T | JPY 1.92T | JPY 2.08T | JPY 2.35T | JPY 2.53T | JPY 2.11T | JPY 2.01T | JPY 2.03T | JPY 2.22T | JPY 2.33T | JPY 2.45T | JPY 2.54T | JPY 2.87T |
| YoY % | +63.6% | +8.6% | +12.9% | +7.5% | -16.7% | -4.5% | +1.2% | +8.9% | +5.1% | +5.4% | +3.6% | +13.0% | |
| Operating Income | JPY 203.05B | JPY 256.83B | JPY 287.74B | JPY 329.22B | JPY 336.19B | JPY 329.44B | JPY 269.68B | JPY 258.81B | JPY 292.88B | JPY 335.92B | JPY 360.71B | JPY 331.83B | JPY 456.25B |
| YoY % | +26.5% | +12.0% | +14.4% | +2.1% | -2.0% | -18.1% | -4.0% | +13.2% | +14.7% | +7.4% | -8.0% | +37.5% | |
| Interest Expense | JPY 82.97B | JPY 72.65B | JPY 72.82B | JPY 72.91B | JPY 76.81B | JPY 93.34B | JPY 99.14B | JPY 78.07B | JPY 68.23B | JPY 127.62B | JPY 188.33B | JPY 169.05B | JPY 193.89B |
| YoY % | -12.4% | +0.2% | +0.1% | +5.4% | +21.5% | +6.2% | -21.3% | -12.6% | +87.0% | +47.6% | -10.2% | +14.7% | |
| Interest & Investment Income | JPY 12.39B | JPY 12.39B | JPY 12.71B | JPY 14.03B | JPY 15.76B | JPY 14.74B | JPY 13.66B | JPY 11.87B | JPY 12.74B | JPY 19.91B | JPY 26.33B | JPY 29.14B | JPY 37.81B |
| YoY % | -0.0% | +2.6% | +10.4% | +12.3% | -6.4% | -7.4% | -13.1% | +7.3% | +56.3% | +32.3% | +10.7% | +29.8% | |
| Equity Method Income | JPY 18.37B | JPY 30.53B | JPY 45.69B | JPY 26.52B | JPY 50.10B | JPY 32.98B | JPY 67.92B | JPY 481.0M | JPY 24.57B | JPY 22.08B | JPY 36.77B | JPY 57.18B | JPY 123.87B |
| YoY % | +66.2% | +49.7% | -42.0% | +88.9% | -34.2% | +106.0% | -99.3% | +5007.1% | -10.1% | +66.5% | +55.5% | +116.6% | |
| Pretax Income | JPY 286.34B | JPY 344.02B | JPY 391.30B | JPY 424.96B | JPY 435.50B | JPY 395.73B | JPY 412.56B | JPY 287.56B | JPY 509.45B | JPY 392.18B | JPY 469.98B | JPY 480.46B | JPY 691.43B |
| YoY % | +20.1% | +13.7% | +8.6% | +2.5% | -9.1% | +4.3% | -30.3% | +77.2% | -23.0% | +19.8% | +2.2% | +43.9% | |
| Income Tax | JPY 98.55B | JPY 89.06B | JPY 120.31B | JPY 144.04B | JPY 113.91B | JPY 68.69B | JPY 105.84B | JPY 90.75B | JPY 186.59B | JPY 95.25B | JPY 131.39B | JPY 128.83B | JPY 233.10B |
| YoY % | -9.6% | +35.1% | +19.7% | -20.9% | -39.7% | +54.1% | -14.3% | +105.6% | -49.0% | +37.9% | -1.9% | +80.9% | |
| Income from Continuing Operations | JPY 180.07B | JPY 234.65B | JPY 260.17B | JPY 273.24B | JPY 313.13B | — | — | — | — | — | — | — | — |
| YoY % | +30.3% | +10.9% | +5.0% | +14.6% | |||||||||
| Income from Discontinued Operations | JPY 7.50B | JPY 297.0M | JPY 0 | JPY 0 | — | — | — | — | — | — | — | — | — |
| YoY % | -96.0% | -100.0% | |||||||||||
| Net Income (incl. NCI) | JPY 195.29B | JPY 255.26B | JPY 270.99B | JPY 280.93B | JPY 321.59B | JPY 327.04B | JPY 306.72B | JPY 196.81B | JPY 322.85B | JPY 296.93B | JPY 338.59B | JPY 351.63B | JPY 458.33B |
| YoY % | +30.7% | +6.2% | +3.7% | +14.5% | +1.7% | -6.2% | -35.8% | +64.0% | -8.0% | +14.0% | +3.9% | +30.3% | |
| Minority Interest (P&L) | JPY 3.81B | JPY 15.34B | JPY 10.00B | — | — | — | — | — | — | — | — | — | — |
| YoY % | +302.1% | -34.8% | |||||||||||
| Net Income | JPY 187.36B | JPY 234.95B | JPY 260.17B | JPY 273.24B | JPY 313.13B | JPY 323.75B | JPY 302.70B | JPY 192.38B | JPY 317.38B | JPY 290.34B | JPY 346.13B | JPY 351.63B | JPY 447.26B |
| YoY % | +25.4% | +10.7% | +5.0% | +14.6% | +3.4% | -6.5% | -36.4% | +65.0% | -8.5% | +19.2% | +1.6% | +27.2% | |
| EPS (Basic) | JPY 147.75 | JPY 179.47 | JPY 198.73 | JPY 208.88 | — | — | — | — | — | — | — | — | — |
| YoY % | +21.5% | +10.7% | +5.1% | ||||||||||
| EPS (Diluted) | JPY 143.20 | JPY 179.21 | JPY 198.52 | JPY 208.68 | — | — | — | — | — | — | — | — | — |
| YoY % | +25.1% | +10.8% | +5.1% | ||||||||||
| Weighted Avg Shares (Basic) | 1.27B | 1.31B | 1.31B | 1.31B | 1.28B | 1.28B | 1.28B | 1.24B | 1.20B | 1.18B | 1.16B | 1.14B | 1.12B |
| YoY % | +3.2% | -0.0% | -0.1% | -2.1% | -0.1% | -0.4% | -3.0% | -2.7% | -1.9% | -1.8% | -1.5% | -2.2% | |
| Weighted Avg Shares (Diluted) | 1.31B | 1.31B | 1.31B | 1.31B | 1.28B | 1.28B | 1.28B | 1.24B | 1.20B | 1.18B | 1.16B | 1.14B | 1.12B |
| YoY % | +0.1% | -0.0% | -0.1% | -2.0% | -0.1% | -0.4% | -3.0% | -2.7% | -1.9% | -1.7% | -1.4% | -2.2% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
| derived (paid ÷ diluted shares) |
| FY20242024-03-31 | JPY 86.02 | −4.3% | derived (paid ÷ diluted shares) |
| FY20232023-03-31 | JPY 89.93 | +9.0% | derived (paid ÷ diluted shares) |
| FY20222022-03-31 | JPY 82.50 | +7.3% | derived (paid ÷ diluted shares) |
| FY20212021-03-31 | JPY 76.86 | −5.5% | derived (paid ÷ diluted shares) |
| FY20202020-03-31 | JPY 81.35 | +17.8% | derived (paid ÷ diluted shares) |
| FY20192019-03-31 | JPY 69.03 | +21.7% | derived (paid ÷ diluted shares) |
| FY20182018-03-31 | JPY 56.73 | +21.2% | derived (paid ÷ diluted shares) |
| FY20172017-03-31 | JPY 46.82 | −19.3% | derived (paid ÷ diluted shares) |
