# Mitsui Fudosan Co., 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114期(2025/04/01－2026/03/31) (S100YHUO)
> Page: https://vizora.meequs.com/en/company/mitsui-fudosan
> Retrieved: 2026-09-30T19:54:09.518Z

## Company

Mitsui Fudosan, founded in 1941, is a company in Theme Parks & Leisure Facilities listed on TSE Prime. It has 27,704 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Mitsui Fudosan Co., Ltd. |
| Ticker | 8801 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8801.T) |
| Listing | TSE Prime |
| Head office | 東京都中央区日本橋室町二丁目1番1号 |
| Representative (per filing) | 代表取締役社長 植田 俊 |
| Founded | Jul 1941 |
| Share capital | ¥341.8B |
| Employees (consolidated) | 27,704 |
| Average salary (parent only) | ¥18.6M |
| Fiscal year end | March |
| Website | www.mitsuifudosan.co.jp (https://www.mitsuifudosan.co.jp/) |
| Corporate number | 6010001034957 |
| EDINET | E03855 |
| Industries (Vizora) | Theme Parks & Leisure Facilities, Real Estate Development & Leasing, Real Estate Brokerage & Management, Hotels & Inns, Condominium Developers |

> Profile source: annual securities report (S100YHUO, filed 2026-06-24). As of filing

## Five-axis industry profile

Primary industry: Real Estate Development & Leasing (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 27.3 | 75 |
| Profitability | 68 | 86 |
| Cash conversion | 47 | 82 |
| Efficiency | 20.3 | 86 |
| Financial strength | 36.5 | 37 |

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 35% of Mitsui Fudosan's sales come from Leasing, with Property Sales and Management making up much of the rest.
- Out of every ¥100 of sales, about ¥15 is left as operating profit.
- Revenue changed +3.2% from the prior year, operating profit +6.7%.

## Company structure

- Segment revenue mix: Leasing 34.6%、Property Sales 26.9%、Management 18.9%、Other 10.6%、Facility Operations 9.0%
- Revenue → net income: ¥2709747000000 → ¥271851000000
- Net income → operating cash flow: ¥271851000000 → ¥145270000000（difference ¥-126581000000）
- Main uses of operating cash flow: CapEx ¥236411000000 / dividends ¥91467000000 / buybacks —
- Change in cash: ¥-80955000000
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 | ¥2.71T |  |
| Operating income | ¥397.8B | Margin 14.7% |
| Net income | ¥278.7B | Margin 10.3% |
| Free cash flow | -¥91.1B |  |
| Largest business | Leasing | of segment revenue 34.6% |
| Employees (consolidated) | 27,704 |  |
| EPS | ¥75.9 |  |
| Diluted EPS | ¥75.88 |  |
| Book value per share | ¥912.06 |  |
| Equity ratio | 32.4% |  |
| Shares outstanding | 2,755,914,000 |  |
| Treasury shares | 38,378,400 |  |
| Shareholders | 123,949 |  |
| Average salary (parent only) | ¥18.6M | Filing company only |
| Cash ratio | 0.8% | Net cash -¥4.06T · Cash ÷ revenue 3.0% |
| Vs. industry median margin | +4.1 pp | Real Estate Development & Leasing |
| ROE | 11.3% | Derived from disclosed figures |
| ROA | 2.8% | Derived from disclosed figures |

## Notable figures

- FY2026, parent-company salary changed +46% over five years
- FY2026, cash is 1% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥2007554000000 | ¥2709747000000 | +35.0% |
| Operating income | ¥203770000000 | ¥397788000000 | +95.2% |
| Operating margin | 10.2% | 14.7% | +4.5 pp |
| Employees | 23,992 people | 27,704 people | +15.5% |
| Cash and equivalents | ¥187723000000 | ¥82317000000 | -56.1% |

### 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 |
| --- | ---: |
| 賃貸 → 賃貸 | 31.0% |
| 分譲 → 分譲 | 26.9% |
| 分譲 → 事業再編・廃止 | 8.7% |
| マネジメント → マネジメント | 18.9% |
| マネジメント → 事業再編・廃止 | 1.2% |
| その他 → その他 | 10.6% |
| その他 → 事業再編・廃止 | 2.7% |
| 新設・再編 → 賃貸 | 3.5% |
| 新設・再編 → 施設営業 | 9.0% |

Segment revenue source references: 9 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Leasing | 5 years | +8.5% | ¥936601000000 | 19.4% | 2 |
| Property Sales | 5 years | +0.4% | ¥729271000000 | 19.7% | 2 |
| Management | 5 years | +4.9% | ¥511470000000 | 15.8% | 2 |
| Other | 5 years | +1.6% | ¥288257000000 | 2.8% | 2 |
| Facility Operations | 3 years | +19.1% | ¥244146000000 | 19.0% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 2,709,747 | 100.0% | S100YHUO |
| SG&A | 276,996 | 10.2% | S100YHUO |
| Operating income | 397,788 | 14.7% | S100YHUO |
| Ordinary income | 313,319 | 11.6% | S100YHUO |
| Pretax income | 397,014 | 14.7% | S100YHUO |
| Income tax | 125,163 | 4.6% | S100YHUO |
| Net income | 271,851 | 10.0% | S100YHUO |
| Net income attributable to owners | 278,684 | 10.3% | S100YHUO |

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

| Part | JPY |
| --- | ---: |
| Operating expenses | 85 |
| Operating income | 15 |
| (Ref.) Net income | 10 |

### Margin funnel

Operating margin 14.7% → Net margin 10.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +3.2%; Core profit growth: +6.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.09×
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 | 2,625,363 | 2,709,747 | 84,384 | +3.2% |
| Operating income | 372,732 | 397,788 | 25,056 | +6.7% |
| Net income attributable to owners | 248,799 | 278,684 | 29,885 | +12.0% |
| Operating cash flow | 599,252 | 145,270 | -453,982 | -75.8% |
| Free cash flow | 327,772 | -91,141 | -418,913 | -127.8% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 1,905,642 | 280,617 | 14.7% | 183,972 | 87,094 | -386,724 | S100LOUC |
| FY ending Mar 2021 | 2,007,554 | 203,770 | 10.2% | 129,576 | 187,862 | -88,475 | S100OIF1 |
| FY ending Mar 2022 | 2,100,870 | 244,978 | 11.7% | 176,986 | 271,469 | 29,902 | S100R9SS |
| FY ending Mar 2023 | 2,269,103 | 305,405 | 13.5% | 196,998 | 297,708 | -65,036 | S100TRIW |
| FY ending Mar 2024 | 2,383,289 | 339,690 | 14.3% | 224,647 | 241,697 | 20,865 | S100VWQS |
| FY ending Mar 2025 | 2,625,363 | 372,732 | 14.2% | 248,799 | 599,252 | 327,772 | S100YHUO |
| FY ending Mar 2026 | 2,709,747 | 397,788 | 14.7% | 278,684 | 145,270 | -91,141 | S100YHUO |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥97.8M |
| Operating income per employee (consolidated) | ¥14.4M |
| Net income per employee (consolidated) | ¥10.1M |

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) | 24,408 | 24,706 | 25,593 | 26,630 | 27,704 |
| Average salary (parent company) | ¥12.7M | ¥12.7M | ¥12.9M | ¥17.6M | ¥18.6M |
| Average age (parent company) | 40.4 years | 40.2 years | 40.3 years | 42.4 years | 42.1 years |
| Average tenure (parent company) | 11.1 years | 10.6 years | 10.6 years | 16.4 years | 16.0 years |

Year over year: Employees (consolidated) +4.0% · Revenue (consolidated) +3.2%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Leasing | 936,601 | 34.6% | 181,565 | 19.4% |
| Property Sales | 729,271 | 26.9% | 143,501 | 19.7% |
| Management | 511,470 | 18.9% | 80,891 | 15.8% |
| Facility Operations | 244,146 | 9.0% | 46,345 | 19.0% |
| Other | 288,257 | 10.6% | 7,973 | 2.8% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Leasing | 34.6% | 39.4% | 4.9 | 19.4% |
| Property Sales | 26.9% | 31.2% | 4.3 | 19.7% |
| Management | 18.9% | 17.6% | -1.3 | 15.8% |
| Facility Operations | 9.0% | 10.1% | 1.1 | 19.0% |
| Other | 10.6% | 1.7% | -8.9 | 2.8% |

Segment → industry: Facility Operations → Theme Parks & Leisure Facilities / Property Sales → Real Estate Development & Leasing / Leasing → Real Estate Development & Leasing / Management → Real Estate Brokerage & Management / Facility Operations → Hotels & Inns / Property Sales → Condominium Developers

## 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 | 145,270 | 5.4% | S100YHUO |
| Capital expenditure | 236,411 | 8.7% | S100YHUO |
| Free cash flow | -91,141 | -3.4% | 算出 |
| Investing cash flow | -179,014 | -6.6% | S100YHUO |
| Financing cash flow | -59,118 | -2.2% | S100YHUO |
| Dividends paid | 91,467 | 3.4% | S100YHUO |
| Change in cash | -80,955 | -3.0% | S100YHUO |
| Cash and equivalents | 82,317 | 3.0% | S100YHUO |

## 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 | 142,682 | 132,310 | 179,249 | 163,272 | 82,317 | S100TRIW, S100VWQS, S100YHUO |
| Total assets | 8,208,012 | 8,841,396 | 9,489,527 | 9,859,856 | 10,103,474 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Net assets | 2,913,752 | 3,031,220 | 3,234,656 | 3,270,723 | 3,384,844 | S100TRIW, S100VWQS, S100YHUO |
| Share capital | 340,162 | 340,552 | 341,000 | 341,800 | 341,800 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Inventories | 10,419 | 10,737 | 8,184 | 7,723 | 8,895 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Property, plant and equipment | 3,841,825 | 4,206,453 | 4,300,499 | 4,584,366 | 4,551,721 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Intangible assets excluding goodwill | 72,310 | 86,676 | 105,026 | 123,052 | 127,389 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Investment securities | 1,217,008 | 1,258,125 | 1,469,467 | 1,334,510 | 1,480,844 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Current assets | 2,567,870 | 2,747,508 | 3,039,235 | 3,168,436 | 3,245,095 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Current liabilities | 1,277,080 | 1,501,842 | 1,440,014 | 1,849,551 | 1,847,702 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Trade payables | 135,097 | 147,985 | 131,202 | 197,043 | 185,403 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Short-term borrowings | 299,018 | 389,750 | 540,185 | 573,164 | 792,271 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Long-term borrowings | 2,043,198 | 2,159,109 | 2,505,677 | 2,419,751 | 2,357,874 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Bonds | 652,559 | 644,819 | 824,492 | 822,428 | 996,935 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Interest-bearing debt | 2,994,775 | 3,193,678 | 3,870,354 | 3,815,343 | 4,147,080 | 算出 |
| Total liabilities | 5,294,259 | 5,810,176 | 6,254,870 | 6,589,133 | 6,718,630 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Non-controlling interests | 115,938 | 129,202 | 123,688 | 123,234 | 106,750 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Equity attributable to owners of parent | 2,081,563 | 2,168,374 | 2,303,994 | 2,425,606 | 2,508,639 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Retained earnings | 1,390,511 | 1,499,572 | 1,658,821 | 1,782,181 | 1,922,741 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |
| Treasury stock | -21,582 | -38,354 | -7,256 | -12,210 | -67,463 | S100R9SS, S100TRIW, S100VWQS, S100YHUO |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 1% | S100YHUO |
| Inventories | 0% | S100YHUO |
| Property, plant and equipment | 45% | S100YHUO |
| Intangibles and goodwill | 1% | S100YHUO |
| Investment securities | 15% | S100YHUO |
| Other assets | 38% | S100YHUO |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 2% | S100YHUO |
| Interest-bearing debt | 41% | 算出 |
| Other liabilities | 24% | S100YHUO |
| Equity | 33% | S100YHUO |

### 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 | 8,208,012 | 8,841,396 | 9,489,527 | 9,859,856 | 10,103,474 |
| Equity | 2,913,752 | 3,031,220 | 3,234,656 | 3,270,723 | 3,384,844 |
| Interest-bearing debt | 2,994,775 | 3,193,678 | 3,870,354 | 3,815,343 | 4,147,080 |
| Cash | 142,682 | 132,310 | 179,249 | 163,272 | 82,317 |

## 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) | 168.0% | S100YHUO |
| Fixed assets ÷ total assets | 45.1% | S100YHUO |
| Goodwill ÷ parent equity | — | —, S100YHUO |

### 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) | 0.8% |
| Cash ÷ revenue | 3.0% |
| Net cash (cash − interest-bearing debt) | -¥4.06T |
| Net debt ÷ operating cash flow | 27.98× |
| Cash conversion (operating CF ÷ operating income) | 36.5% |
| Cash vs. profit gap | -133,414 JPY mn (of net income -47.9%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 32.8% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 8.7% |
| Investing CF relative to operating CF | 123.2% |

## 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 | 8.4% | 0.26× | 2.2% | 3.94× | 8.5% | S100R9SS |
| 2023 | 8.7% | 0.27× | 2.3% | 4.01× | 9.3% | S100TRIW |
| 2024 | 9.4% | 0.26× | 2.5% | 4.10× | 10.0% | S100VWQS |
| 2025 | 9.5% | 0.27× | 2.6% | 4.09× | 10.5% | S100YHUO |
| 2026 | 10.3% | 0.27× | 2.8% | 4.05× | 11.3% | S100YHUO |

## 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 | 18.0% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 6.7% | 2026-03-31 |
| ステート ストリート バンク アンド トラスト カンパニー 505001 （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 3.6% | 2026-03-31 |
| ジェーピー モルガン チェース バンク 385642 （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.8% | 2026-03-31 |
| GOVERNMENT OF NORWAY （常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 1.7% | 2026-03-31 |
| ジェーピー モルガン チェース バンク 385781 （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.7% | 2026-03-31 |
| JPモルガン証券株式会社 | Major shareholder | 1.7% | 2026-03-31 |
| 鹿島建設株式会社 | Major shareholder | 1.5% | 2026-03-31 |
| ザ チェース マンハッタン バンク エヌエイ ロンドン エス エル オムニバス アカウント （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.4% | 2026-03-31 |
| ステート ストリート バンク アンド トラスト カンパニー 505103 （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.2% | 2026-03-31 |

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

- Revenue for the FY ending Mar 2026 was ¥2.71T, up +3.2% from ¥2.63T.
- Profits grew faster than sales: operating income reached ¥397.8B (+6.7%) and net income ¥278.7B (+12.0%).
- Cash moved the other way. Operating cash flow dropped from ¥599.3B to ¥145.3B, and free cash flow turned negative at -¥91.1B.

### Drivers

- In Property Sales, handovers of condos such as Mita Garden Hills progressed and sales to investors picked up, so profit rose even though revenue fell.
- Hotels charged higher room rates at higher occupancy, and Tokyo Dome raised its usage fees.
- Operating cash flow fell because the company spent more buying property for sale than it collected from selling it, and because of income tax payments.

### Risks

- Higher interest rates would raise borrowing costs, cool demand from homebuyers, and could lower the value of the properties it owns.
- If rising construction and labor costs cannot be passed on through prices and rents, margins will shrink.
- The company says geopolitical tension and swings in resource prices have made the outlook less certain.

Cited: Annual Securities Report (114th fiscal period) (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 (114th fiscal period) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第114期(2025/04/01－2026/03/31) | S100YHUO | 2026-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YHUO,, |
| 有価証券報告書－第113期(2024/04/01－2025/03/31) | S100VWQS | 2025-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VWQS,, |
| 有価証券報告書－第112期(2023/04/01－2024/03/31) | S100TRIW | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TRIW,, |
| 有価証券報告書－第111期(2022/04/01－2023/03/31) | S100R9SS | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R9SS,, |
| 有価証券報告書－第110期(令和3年4月1日－令和4年3月31日) | S100OIF1 | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OIF1,, |
| 有価証券報告書－第109期(令和2年4月1日－令和3年3月31日) | S100LOUC | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LOUC,, |

## 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).