# Fujikura Ltd.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第178期(2025/04/01－2026/03/31) (S100YGP3)
> Page: https://vizora.meequs.com/en/company/fujikura
> Retrieved: 2026-09-30T19:54:00.549Z

## Company

Fujikura, founded in 1910, is a company in Auto Parts listed on TSE Prime. It has 50,586 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Fujikura Ltd. |
| Ticker | 5803 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/5803.T) |
| Listing | TSE Prime |
| Head office | 東京都江東区木場一丁目5番1号 |
| Representative (per filing) | 代表取締役社長CEO 岡田 直樹 |
| Founded | Mar 1910 |
| Share capital | ¥53.1B |
| Employees (consolidated) | 50,586 |
| Average salary (parent only) | ¥9.3M |
| Fiscal year end | March |
| Website | www.fujikura.co.jp (https://www.fujikura.co.jp/) |
| Corporate number | 2010601007861 |
| EDINET | E01334 |
| Industries (Vizora) | Auto Parts, Non-ferrous Metals & Wires, Electronic Components, Real Estate Development & Leasing |

> Profile source: annual securities report (S100YGP3, filed 2026-06-23). As of filing

## Five-axis industry profile

Primary industry: Non-ferrous Metals & Wires (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 58 | 25 |
| Profitability | 94.2 | 26 |
| Cash conversion | 46 | 25 |
| Efficiency | 75.9 | 27 |
| Financial strength | 91.7 | 6 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- About 55% of Fujikura's sales come from Telecommunication Systems, with Automotive Products and Electronics Business making up much of the rest.
- Out of every ¥100 of sales, about ¥16 is left as operating profit.
- Revenue changed +20.7% from the prior year, operating profit +39.2%.

## Company structure

- Segment revenue mix: Telecommunication Systems 55.2%、Automotive Products 15.2%、Electronics Business 14.6%、Power Systems 13.3%、Real Estate Business Unit 0.9%
- Revenue → net income: ¥1182358000000 → ¥162048000000
- Net income → operating cash flow: ¥162048000000 → ¥132905000000（difference ¥-29143000000）
- Main uses of operating cash flow: CapEx ¥39055000000 / dividends ¥44639000000 / buybacks —
- Change in cash: ¥-5337000000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥1.18T |  |
| Operating income | ¥188.7B | Margin 16.0% |
| Net income | ¥157.2B | Margin 13.3% |
| Free cash flow | ¥93.8B |  |
| Largest business | Telecommunication Systems | of segment revenue 55.2% |
| Employees (consolidated) | 50,586 |  |
| EPS | ¥56.76 |  |
| Book value per share | ¥122.37 |  |
| Equity ratio | 57.8% |  |
| Shares outstanding | 295,863,000 |  |
| Treasury shares | 19,463,200 |  |
| Shareholders | 69,246 |  |
| Average salary (parent only) | ¥9.3M | Filing company only |
| Cash ratio | 18.5% | Net cash ¥103.9B · Cash ÷ revenue 15.1% |
| Vs. industry median margin | +10.4 pp | Non-ferrous Metals & Wires |
| ROE | 39.7% | Derived from disclosed figures |
| ROA | 17.5% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 80% of positive segment profit
- FY2026, employees -1% while operating income rose 39%
- FY2026, parent-company salary changed +29% over five years

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥643736000000 | ¥1182358000000 | +83.7% |
| Operating income | ¥24422000000 | ¥188707000000 | +672.7% |
| Operating margin | 3.8% | 16.0% | +12.2 pp |
| Employees | 53,717 people | 50,586 people | -5.8% |
| Cash and equivalents | ¥74164000000 | ¥178906000000 | +141.2% |

### Change in segment revenue mix

Span: FY ending Mar 2021 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| エネルギー・情報通信事業部門 → 事業再編・廃止 | 47.5% |
| エレクトロニクス事業部門 → 事業再編・廃止 | 31.0% |
| 自動車事業部門 → 事業再編・廃止 | 18.9% |
| 不動産事業部門 → 事業再編・廃止 | 1.7% |
| その他 → その他 | 0.8% |
| 新設・再編 → 情報通信事業部門 | 55.2% |
| 新設・再編 → エレクトロニクス事業部門 | 14.6% |
| 新設・再編 → 自動車事業部門 | 15.2% |
| 新設・再編 → エネルギー事業部門 | 13.3% |
| 新設・再編 → 不動産事業部門 | 0.9% |
| 新設・再編 → その他 | 0.0% |

Segment revenue source references: 11 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Telecommunication Systems | 3 years | +30.9% | ¥652977000000 | 23.4% | 2 |
| Automotive Products | 3 years | +4.8% | ¥179370000000 | 3.8% | 2 |
| Electronics Business | 3 years | -4.4% | ¥172305000000 | 4.4% | 2 |
| Power Systems | 3 years | +4.3% | ¥156983000000 | 12.1% | 2 |
| Real Estate Business Unit | 3 years | +0.8% | ¥11032000000 | 44.9% | 2 |
| Other | 5 years | +13.4% | ¥9691000000 | -24.7% | 2 |

## Income statement（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 1,182,358 | 100.0% | S100YGP3 |
| Cost of revenue | 850,075 | 71.9% | S100YGP3 |
| Gross profit | 332,283 | 28.1% | S100YGP3 |
| SG&A | 143,576 | 12.1% | S100YGP3 |
| Operating income | 188,707 | 16.0% | S100YGP3 |
| Ordinary income | 199,481 | 16.9% | S100YGP3 |
| Pretax income | 204,613 | 17.3% | S100YGP3 |
| Income tax | 42,565 | 3.6% | S100YGP3 |
| Net income | 162,048 | 13.7% | S100YGP3 |
| Net income attributable to owners | 157,163 | 13.3% | S100YGP3 |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 72 |
| SG&A | 12 |
| Operating income | 16 |
| (Ref.) Net income | 13 |

### Margin funnel

Gross margin 28.1% → Operating margin 16.0% → Net margin 13.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +20.7%; Core profit growth: +39.2%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.89×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 979,375 | 1,182,358 | 202,983 | +20.7% |
| Gross profit | 260,444 | 332,283 | 71,839 | +27.6% |
| Operating income | 135,519 | 188,707 | 53,188 | +39.2% |
| Net income attributable to owners | 91,123 | 157,163 | 66,040 | +72.5% |
| Operating cash flow | 115,908 | 132,905 | 16,997 | +14.7% |
| Free cash flow | 86,810 | 93,850 | 7,040 | +8.1% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 672,314 | 3,346 | 0.5% | -38,510 | 46,416 | 13,812 | S100LV4N |
| FY ending Mar 2021 | 643,736 | 24,422 | 3.8% | -5,369 | 62,587 | 43,938 | S100OL6D |
| FY ending Mar 2022 | 670,350 | 38,288 | 5.7% | 39,101 | 40,388 | 24,621 | S100RHOT |
| FY ending Mar 2023 | 806,453 | 70,163 | 8.7% | 40,891 | 58,140 | 42,712 | S100TU5R |
| FY ending Mar 2024 | 799,760 | 69,483 | 8.7% | 51,011 | 94,442 | 73,615 | S100W6LJ |
| FY ending Mar 2025 | 979,375 | 135,519 | 13.8% | 91,123 | 115,908 | 86,810 | S100YGP3 |
| FY ending Mar 2026 | 1,182,358 | 188,707 | 16.0% | 157,163 | 132,905 | 93,850 | S100YGP3 |

## People and productivity（FY ending Mar 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥23.4M |
| Operating income per employee (consolidated) | ¥3.7M |
| Net income per employee (consolidated) | ¥3.1M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 52,434 | 54,762 | 50,254 | 51,262 | 50,586 |
| Average salary (parent company) | ¥7.2M | ¥7.7M | ¥8.5M | ¥8.7M | ¥9.3M |
| Average age (parent company) | 42.4 years | 43.0 years | 43.9 years | 43.1 years | 43.4 years |
| Average tenure (parent company) | 17.0 years | 16.0 years | 17.2 years | 16.1 years | 15.4 years |

Year over year: Employees (consolidated) -1.3% · Revenue (consolidated) +20.7%

## Segments（FY ending Mar 2026, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Telecommunication Systems | 652,977 | 55.2% | 152,729 | 23.4% |
| Electronics Business | 172,305 | 14.6% | 7,666 | 4.4% |
| Automotive Products | 179,370 | 15.2% | 6,809 | 3.8% |
| Power Systems | 156,983 | 13.3% | 18,941 | 12.1% |
| Real Estate Business Unit | 11,032 | 0.9% | 4,956 | 44.9% |
| Other | 9,691 | 0.8% | -2,395 | -24.7% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Telecommunication Systems | 55.2% | 79.9% | 24.7 | 23.4% |
| Electronics Business | 14.6% | 4.0% | -10.6 | 4.4% |
| Automotive Products | 15.2% | 3.6% | -11.6 | 3.8% |
| Power Systems | 13.3% | 9.9% | -3.4 | 12.1% |
| Real Estate Business Unit | 0.9% | 2.6% | 1.7 | 44.9% |
| Other | 0.8% | — | — | -24.7% |

Loss-making segment (excluded from profit shares): Other -2,395 JPY mn

Segment → industry: Automotive Products → Auto Parts / Power Systems → Non-ferrous Metals & Wires / Telecommunication Systems → Non-ferrous Metals & Wires / Electronics Business → Electronic Components / Real Estate Business Unit → Real Estate Development & Leasing

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 132,905 | 11.2% | S100YGP3 |
| Capital expenditure | 39,055 | 3.3% | S100YGP3 |
| Free cash flow | 93,850 | 7.9% | 算出 |
| Investing cash flow | -36,201 | -3.1% | S100YGP3 |
| Financing cash flow | -111,325 | -9.4% | S100YGP3 |
| Dividends paid | 44,639 | 3.8% | S100YGP3 |
| Change in cash | -5,337 | -0.5% | S100YGP3 |
| Cash and equivalents | 178,906 | 15.1% | S100YGP3 |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 90,428 | 106,560 | 147,003 | 184,244 | 178,906 | S100TU5R, S100W6LJ, S100YGP3 |
| Total assets | 611,526 | 656,785 | 723,867 | 830,307 | 969,454 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Net assets | 243,657 | 294,384 | 366,582 | 435,329 | 593,193 | S100TU5R, S100W6LJ, S100YGP3 |
| Share capital | 53,076 | 53,076 | 53,076 | 53,076 | 53,076 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Property, plant and equipment | 174,130 | 163,156 | 165,696 | 171,364 | 196,863 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Intangible assets excluding goodwill | 15,413 | 15,090 | 20,412 | 18,274 | 18,067 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Goodwill | 6,878 | 6,335 | 10,095 | 8,534 | 7,491 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Investment securities | 29,100 | 30,372 | 35,207 | 34,348 | 48,265 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Current assets | 369,141 | 418,427 | 467,297 | 561,343 | 657,579 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Current liabilities | 198,418 | 182,019 | 200,283 | 281,102 | 277,923 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Trade payables | 71,841 | 74,650 | 78,019 | 104,866 | 126,750 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Short-term borrowings | 71,014 | 41,376 | 49,558 | 76,886 | 24,727 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Long-term borrowings | 110,477 | 121,531 | 108,008 | 50,250 | 40,250 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Bonds | 30,000 | 20,000 | 10,000 | 20,000 | 10,000 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Interest-bearing debt | 211,491 | 182,907 | 167,566 | 147,136 | 74,977 | 算出 |
| Total liabilities | 367,869 | 362,401 | 357,285 | 394,978 | 376,261 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Non-controlling interests | 23,165 | 23,847 | 25,490 | 27,836 | 32,828 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Equity attributable to owners of parent | 197,085 | 230,842 | 270,528 | 339,755 | 452,489 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Retained earnings | 126,530 | 161,721 | 201,814 | 272,764 | 385,288 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |
| Treasury stock | -10,575 | -10,470 | -10,472 | -10,375 | -10,377 | S100RHOT, S100TU5R, S100W6LJ, S100YGP3 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 18% | S100YGP3 |
| Property, plant and equipment | 20% | S100YGP3 |
| Intangibles and goodwill | 3% | S100YGP3 |
| Investment securities | 5% | S100YGP3 |
| Other assets | 54% | S100YGP3 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 13% | S100YGP3 |
| Interest-bearing debt | 8% | 算出 |
| Other liabilities | 18% | S100YGP3 |
| Equity | 61% | S100YGP3 |

### Balance sheet history

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 611,526 | 656,785 | 723,867 | 830,307 | 969,454 |
| Equity | 243,657 | 294,384 | 366,582 | 435,329 | 593,193 |
| Interest-bearing debt | 211,491 | 182,907 | 167,566 | 147,136 | 74,977 |
| Cash | 90,428 | 106,560 | 147,003 | 184,244 | 178,906 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 16.7% | S100YGP3 |
| Fixed assets ÷ total assets | 20.3% | S100YGP3 |
| Goodwill ÷ parent equity | 1.7% | S100YGP3 |

Goodwill over 4 years: 6,878 → 7,491 JPY; total investing cash flow: -80,494 JPY. This does not imply causation.

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 18.5% |
| Cash ÷ revenue | 15.1% |
| Net cash (cash − interest-bearing debt) | ¥103.9B |
| Net debt ÷ operating cash flow | -0.78× |
| Cash conversion (operating CF ÷ operating income) | 70.4% |
| Cash vs. profit gap | -24,258 JPY mn (of net income -15.4%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 28.4% |
| Shareholder payments — dividends / FCF | 47.6% |
| CapEx intensity (capex ÷ revenue) | 3.3% |
| Investing CF relative to operating CF | 27.2% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 5.8% | 1.10× | 6.4% | 3.10× | 19.8% | S100RHOT |
| 2023 | 5.1% | 1.27× | 6.4% | 2.96× | 19.1% | S100TU5R |
| 2024 | 6.4% | 1.16× | 7.4% | 2.75× | 20.3% | S100W6LJ |
| 2025 | 9.3% | 1.26× | 11.7% | 2.55× | 29.9% | S100YGP3 |
| 2026 | 13.3% | 1.31× | 17.5% | 2.27× | 39.7% | S100YGP3 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 19.1% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 7.5% | 2026-03-31 |
| 大樹生命保険株式会社 | Major shareholder | 2.6% | 2026-03-31 |
| 株式会社三井住友銀行 | Major shareholder | 2.5% | 2026-03-31 |
| 株式会社日本カストディ銀行（三井住友信託銀行退職給付信託口） | Major shareholder | 2.0% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行) | Major shareholder | 1.8% | 2026-03-31 |
| 株式会社静岡銀行 | Major shareholder | 1.7% | 2026-03-31 |
| JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行) | Major shareholder | 1.5% | 2026-03-31 |
| HSBC HONG KONG-TREASURY SERVICES A/C ASIAN EQUITIES DERIVATIVES (常任代理人 香港上海銀行) | Major shareholder | 1.4% | 2026-03-31 |
| GOVERNMENT OF NORWAY (常任代理人 シティバンク) | Major shareholder | 1.3% | 2026-03-31 |

## AI commentary（text by AI; the tables above are authoritative、claude-code）

- Revenue for FY ending Mar 2026 was ¥1.18T, up +20.7% from ¥979.4B.
- Profit grew faster than sales: operating income rose +39.2% to ¥188.7B, and net income attributable to owners climbed +72.5% to ¥157.2B.
- Operating cash flow also increased, up +14.7% to ¥132.9B.

### Drivers

- Demand from data centers kept growing as generative AI spread, lifting sales and profit in Telecommunication Systems.
- Power Systems earned more thanks to higher shipments of profitable products, better pricing and valuation gains on copper-linked derivatives.
- Electronics went the other way, hurt by supply chain problems at customers, tougher competition and higher costs from a strong Thai baht.

### Risks

- Copper is a key material, and price swings are not always passed on to customers right away.
- A sharp short-term drop in demand, for example in a downturn, could hit results.
- With much of its production and sales overseas, currency moves can affect reported earnings.

Cited: Annual Securities Report, 178th fiscal term (経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析); Annual Securities Report, 178th fiscal term (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第178期(2025/04/01－2026/03/31) | S100YGP3 | 2026-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YGP3,, |
| 有価証券報告書－第177期(2024/04/01－2025/03/31) | S100W6LJ | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W6LJ,, |
| 有価証券報告書－第176期(2023/04/01－2024/03/31) | S100TU5R | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TU5R,, |
| 有価証券報告書－第175期(2022/04/01－2023/03/31) | S100RHOT | 2023-07-31 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RHOT,, |
| 有価証券報告書－第174期(令和3年4月1日－令和4年3月31日) | S100OL6D | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OL6D,, |
| 有価証券報告書－第173期(令和2年4月1日－令和3年3月31日) | S100LV4N | 2021-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LV4N,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).