# Mitsuuroko Group Holdings 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117期(2025/04/01－2026/03/31) (S100YAZQ)
> Page: https://vizora.meequs.com/en/company/mitsuuroko-group-holdings
> Retrieved: 2026-09-30T20:33:56.300Z

## Company

Mitsuuroko Group Holdings, founded in 1926, is a company in Electric Power & Gas listed on TSE Standard. It has 1,759 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Mitsuuroko Group Holdings Co.,Ltd. |
| Ticker | 8131 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8131.T) |
| Listing | TSE Standard |
| Head office | 東京都中央区京橋三丁目1番1号 |
| Representative (per filing) | 代表取締役社長CEO 田島 晃平 |
| Founded | May 1926 |
| Share capital | ¥7.08B |
| Employees (consolidated) | 1,759 |
| Average salary (parent only) | ¥10.4M |
| Fiscal year end | March |
| Website | www.mitsuuroko.com (https://www.mitsuuroko.com/) |
| Corporate number | 4010001034942 |
| EDINET | E01074 |
| Industries (Vizora) | Electric Power & Gas, Oil Refining & Fuels, Beverages & Dairy, Real Estate Development & Leasing |

> Profile source: annual securities report (S100YAZQ, filed 2026-06-12). As of filing

## Five-axis industry profile

Primary industry: Electric Power & Gas (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 70.2 | 42 |
| Profitability | 14.8 | 44 |
| Cash conversion | 22.6 | 42 |
| Efficiency | 92 | 44 |
| Financial strength | 92.1 | 19 |

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 49% of Mitsuuroko Group Holdings's sales come from Power industry, with Energy enterprise and Foods making up much of the rest.
- Out of every ¥100 of sales, about ¥4 is left as operating profit.
- Revenue changed -0.0% from the prior year, operating profit +41.0%.

## Company structure

- Segment revenue mix: Power industry 49.5%、Energy enterprise 42.3%、Foods 5.9%、Overseas Business Segment 0.9%、Other 0.8%
- Revenue → net income: ¥339498000000 → ¥9192000000
- Net income → operating cash flow: ¥9192000000 → ¥10354000000（difference ¥1162000000）
- Main uses of operating cash flow: CapEx ¥7595000000 / dividends ¥3181000000 / buybacks ¥3970000000
- Change in cash: ¥3231000000
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 | ¥339.5B |  |
| Operating income | ¥12.4B | Margin 3.6% |
| Net income | ¥9.2B | Margin 2.7% |
| Free cash flow | ¥2.76B |  |
| Largest business | Power industry | of segment revenue 49.5% |
| Employees (consolidated) | 1,759 |  |
| EPS | ¥39.84 |  |
| Book value per share | ¥1138.13 |  |
| Equity ratio | 51.1% |  |
| Shares outstanding | 57,061,223 |  |
| Treasury shares | 2,116,700 |  |
| Shareholders | 3,693 |  |
| Average salary (parent only) | ¥10.4M | Filing company only |
| Cash ratio | 21.2% | Net cash ¥15.1B · Cash ÷ revenue 12.9% |
| Vs. industry median margin | -3.3 pp | Electric Power & Gas |
| ROE | 10.0% | Derived from disclosed figures |
| ROA | 4.7% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 1.2× dividends
- FY2026, one segment accounts for 81% of positive segment profit
- FY2026, employees -1% while operating income rose 41%

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥226462000000 | ¥339498000000 | +49.9% |
| Operating income | ¥5232000000 | ¥12368000000 | +136.4% |
| Operating margin | 2.3% | 3.6% | +1.3 pp |
| Employees | 1,534 people | 1,759 people | +14.7% |
| Cash and equivalents | ¥25297000000 | ¥43720000000 | +72.8% |

### 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 |
| --- | ---: |
| エネルギー事業 → エネルギー事業 | 42.3% |
| エネルギー事業 → 事業再編・廃止 | 6.8% |
| 電力事業 → 電力事業 | 43.9% |
| フーズ事業 → フーズ事業 | 5.0% |
| リビング＆ウェルネス事業 → リビング＆ウェルネス事業 | 0.6% |
| リビング＆ウェルネス事業 → 事業再編・廃止 | 0.4% |
| その他 → その他 | 0.8% |
| その他 → 事業再編・廃止 | 0.2% |
| 新設・再編 → 電力事業 | 5.6% |
| 新設・再編 → フーズ事業 | 0.9% |
| 新設・再編 → 海外事業 | 0.9% |

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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Power industry | 5 years | +11.1% | ¥167929000000 | 6.9% | 2 |
| Energy enterprise | 5 years | +5.3% | ¥143636000000 | 1.3% | 2 |
| Foods | 5 years | +12.0% | ¥20028000000 | 1.7% | 2 |
| Overseas Business Segment | 4 years | +56.6% | ¥3054000000 | 8.3% | 2 |
| Other | 5 years | +3.6% | ¥2806000000 | 5.4% | 2 |
| Living and wellness | 5 years | -1.4% | ¥2042000000 | -5.8% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 339,498 | 100.0% | S100YAZQ |
| Cost of revenue | 292,320 | 86.1% | S100YAZQ |
| Gross profit | 47,178 | 13.9% | S100YAZQ |
| SG&A | 34,809 | 10.3% | S100YAZQ |
| Operating income | 12,368 | 3.6% | S100YAZQ |
| Ordinary income | 13,676 | 4.0% | S100YAZQ |
| Pretax income | 12,931 | 3.8% | S100YAZQ |
| Income tax | 3,739 | 1.1% | S100YAZQ |
| Net income | 9,192 | 2.7% | S100YAZQ |
| Net income attributable to owners | 9,197 | 2.7% | S100YAZQ |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 86 |
| SG&A | 10 |
| Operating income | 4 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 13.9% → Operating margin 3.6% → Net margin 2.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue down, profit up
Revenue growth: -0.0%; Core profit growth: +41.0%
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 | 339,656 | 339,498 | -158 | -0.0% |
| Gross profit | 42,503 | 47,178 | 4,675 | +11.0% |
| Operating income | 8,769 | 12,368 | 3,599 | +41.0% |
| Net income attributable to owners | 10,515 | 9,197 | -1,318 | -12.5% |
| Operating cash flow | 17,968 | 10,354 | -7,614 | -42.4% |
| Free cash flow | 12,962 | 2,759 | -10,203 | -78.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 240,127 | 7,214 | 3.0% | 3,546 | 9,976 | 8,415 | S100LK54 |
| FY ending Mar 2021 | 226,462 | 5,232 | 2.3% | 3,369 | 5,340 | 3,327 | S100O9XT |
| FY ending Mar 2022 | 250,033 | 819 | 0.3% | 1,907 | 5,013 | 1,308 | S100QYIH |
| FY ending Mar 2023 | 323,700 | 12,317 | 3.8% | 7,789 | 12,462 | 5,648 | S100TN0Z |
| FY ending Mar 2024 | 309,085 | 12,334 | 4.0% | 9,107 | 10,535 | 2,245 | S100VXKD |
| FY ending Mar 2025 | 339,656 | 8,769 | 2.6% | 10,515 | 17,968 | 12,962 | S100YAZQ |
| FY ending Mar 2026 | 339,498 | 12,368 | 3.6% | 9,197 | 10,354 | 2,759 | S100YAZQ |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥193M |
| Operating income per employee (consolidated) | ¥7M |
| Net income per employee (consolidated) | ¥5.2M |

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) | 1,771 | 1,744 | 1,753 | 1,776 | 1,759 |
| Average salary (parent company) | ¥8.5M | ¥10.8M | ¥11.7M | ¥13.1M | ¥10.4M |
| Average age (parent company) | 40.7 years | 42.7 years | 43.1 years | 43.8 years | 41.0 years |
| Average tenure (parent company) | 6.6 years | 6.0 years | 7.0 years | 7.8 years | 8.1 years |

Year over year: Employees (consolidated) -1.0% · Revenue (consolidated) -0.0%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Energy enterprise | 143,636 | 42.3% | 1,932 | 1.3% |
| Power industry | 167,929 | 49.5% | 11,537 | 6.9% |
| Foods | 20,028 | 5.9% | 334 | 1.7% |
| Living and wellness | 2,042 | 0.6% | -118 | -5.8% |
| Overseas Business Segment | 3,054 | 0.9% | 254 | 8.3% |
| Other | 2,806 | 0.8% | 152 | 5.4% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Energy enterprise | 42.3% | 13.6% | -28.7 | 1.3% |
| Power industry | 49.5% | 81.2% | 31.7 | 6.9% |
| Foods | 5.9% | 2.4% | -3.5 | 1.7% |
| Living and wellness | 0.6% | — | — | -5.8% |
| Overseas Business Segment | 0.9% | 1.8% | 0.9 | 8.3% |
| Other | 0.8% | 1.1% | 0.2 | 5.4% |

Loss-making segment (excluded from profit shares): Living and wellness -118 JPY mn

Segment → industry: Power industry → Electric Power & Gas / Energy enterprise → Electric Power & Gas / Energy enterprise → Oil Refining & Fuels / Foods → Beverages & Dairy / Living and wellness → 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 | 10,354 | 3.0% | S100YAZQ |
| Capital expenditure | 7,595 | 2.2% | S100YAZQ |
| Free cash flow | 2,759 | 0.8% | 算出 |
| Investing cash flow | -8,887 | -2.6% | S100YAZQ |
| Financing cash flow | 1,607 | 0.5% | S100YAZQ |
| Dividends paid | 3,181 | 0.9% | S100YAZQ |
| Share buyback | 3,970 | 1.2% | S100YAZQ |
| Change in cash | 3,231 | 1.0% | S100YAZQ |
| Cash and equivalents | 43,720 | 12.9% | S100YAZQ |

## 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 | 21,267 | 31,450 | 30,824 | 40,489 | 43,720 | S100TN0Z, S100VXKD, S100YAZQ |
| Total assets | 155,170 | 173,999 | 180,866 | 185,725 | 206,000 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |
| Net assets | 87,687 | 92,884 | 99,898 | 98,689 | 105,357 | S100TN0Z, S100VXKD, S100YAZQ |
| Share capital | 7,077 | 7,077 | 7,077 | 7,077 | 7,077 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |
| Property, plant and equipment | 38,817 | 42,150 | 42,931 | 43,877 | 48,431 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |
| Intangible assets excluding goodwill | 5,012 | 5,441 | 9,555 | 9,185 | 10,055 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |
| Goodwill | 1,167 | 1,341 | 1,611 | 1,580 | 1,647 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |
| Investment securities | 35,193 | 33,727 | 33,723 | 25,008 | 32,923 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |
| Current assets | 63,687 | 80,141 | 81,730 | 94,208 | 100,054 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |
| Current liabilities | 40,751 | 45,054 | 41,261 | 51,368 | 53,039 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |
| Trade payables | 25,003 | 24,573 | 24,312 | 30,186 | 28,647 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |
| Short-term borrowings | 2,420 | 2,440 | 2,440 | 2,020 | 1,033 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |
| Long-term borrowings | 7,852 | 11,331 | 13,688 | 13,308 | 23,599 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |
| Bonds | — | 4,698 | 6,007 | 5,006 | 4,004 | S100TN0Z, S100VXKD, S100YAZQ |
| Interest-bearing debt | — | 18,469 | 22,135 | 20,334 | 28,636 | 算出 |
| Total liabilities | 67,483 | 81,115 | 80,967 | 87,035 | 100,643 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |
| Non-controlling interests | 413 | 15 | 37 | 109 | 103 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |
| Equity attributable to owners of parent | 74,948 | 80,645 | 86,792 | 90,976 | 93,075 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |
| Retained earnings | 68,083 | 73,793 | 80,999 | 84,100 | 90,102 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |
| Treasury stock | -533 | -533 | -1,621 | -509 | -4,447 | S100QYIH, S100TN0Z, S100VXKD, S100YAZQ |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 21% | S100YAZQ |
| Property, plant and equipment | 23% | S100YAZQ |
| Intangibles and goodwill | 6% | S100YAZQ |
| Investment securities | 16% | S100YAZQ |
| Other assets | 34% | S100YAZQ |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 14% | S100YAZQ |
| Interest-bearing debt | 14% | 算出 |
| Other liabilities | 21% | S100YAZQ |
| Equity | 51% | S100YAZQ |

### 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 | 155,170 | 173,999 | 180,866 | 185,725 | 206,000 |
| Equity | 87,687 | 92,884 | 99,898 | 98,689 | 105,357 |
| Interest-bearing debt | — | 18,469 | 22,135 | 20,334 | 28,636 |
| Cash | 21,267 | 31,450 | 30,824 | 40,489 | 43,720 |

## 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) | 14.3% | S100YAZQ |
| Fixed assets ÷ total assets | 23.5% | S100YAZQ |
| Goodwill ÷ parent equity | 1.8% | S100YAZQ |

Goodwill over 4 years: 1,167 → 1,647 JPY; total investing cash flow: -34,065 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) | 21.2% |
| Cash ÷ revenue | 12.9% |
| Net cash (cash − interest-bearing debt) | ¥15.1B |
| Net debt ÷ operating cash flow | -1.46× |
| Cash conversion (operating CF ÷ operating income) | 83.7% |
| Cash vs. profit gap | 1,157 JPY mn (of net income 12.6%) |
| Shareholder returns / net income | 77.8% |
| Shareholder returns / FCF | 259.2% |
| Shareholder payments — dividends / net income | 34.6% |
| Shareholder payments — dividends / FCF | 115.3% |
| CapEx intensity (capex ÷ revenue) | 2.2% |
| Investing CF relative to operating CF | 85.8% |

## 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 | 0.8% | 1.61× | 1.2% | 2.07× | 2.5% | S100QYIH |
| 2023 | 2.4% | 1.97× | 4.7% | 2.12× | 10.0% | S100TN0Z |
| 2024 | 2.9% | 1.74× | 5.1% | 2.12× | 10.9% | S100VXKD |
| 2025 | 3.1% | 1.85× | 5.7% | 2.06× | 11.8% | S100YAZQ |
| 2026 | 2.7% | 1.73× | 4.7% | 2.13× | 10.0% | S100YAZQ |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 明治安田生命保険相互会社 | Major shareholder | 9.0% | 2026-03-31 |
| 田島株式会社 | Major shareholder | 7.8% | 2026-03-31 |
| 日本マスタートラスト信託銀行 株式会社（信託口） | Major shareholder | 5.7% | 2026-03-31 |
| 損害保険ジャパン株式会社 | Major shareholder | 5.6% | 2026-03-31 |
| みずほ信託銀行株式会社 | Major shareholder | 5.1% | 2026-03-31 |
| リンナイ株式会社 | Major shareholder | 4.9% | 2026-03-31 |
| ENEOSホールディングス株式会社 | Major shareholder | 4.2% | 2026-03-31 |
| 橋本産業株式会社 | Major shareholder | 3.5% | 2026-03-31 |
| 株式会社パロマ | Major shareholder | 3.0% | 2026-03-31 |
| 全国ミツウロコ会持株会 | Major shareholder | 3.0% | 2026-03-31 |

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

- Revenue for FY ending Mar 2026 was ¥339.5B, essentially unchanged from ¥339.7B a year earlier.
- Profit moved much more: gross profit rose +11.0% to ¥47.2B and operating income jumped +41.0% to ¥12.4B.
- Net income attributable to owners still fell -12.5% to ¥9.2B, and operating cash flow dropped -42.4% to ¥10.4B.

### Drivers

- The power business sold more electricity after winning new customers and paid less in capacity contributions (a levy that funds backup generating capacity), which drove the group's profit growth.
- Profit in the energy business fell because of lower oil sales volumes, a thinner margin on wholesale LP gas, and higher staff costs.
- Lower oil sales volumes were the main reason revenue did not grow.

### Risks

- Kerosene and LP gas sell more in cold weather, so sales swing with the weather.
- Purchase costs move with crude oil and LP gas prices, exchange rates and wholesale power prices; the report notes wholesale power prices spiked from March as tensions in the Middle East worsened.
- Deregulation of power and gas has sharpened competition for customers, which could mean losing customers or cutting prices.

Cited: Annual Securities Report, 117th fiscal year (Apr 2025 – Mar 2026) (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, 117th fiscal year (Apr 2025 – Mar 2026) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第117期(2025/04/01－2026/03/31) | S100YAZQ | 2026-06-12 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YAZQ,, |
| 有価証券報告書－第116期(2024/04/01－2025/03/31) | S100VXKD | 2025-06-13 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VXKD,, |
| 有価証券報告書－第115期(2023/04/01－2024/03/31) | S100TN0Z | 2024-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TN0Z,, |
| 有価証券報告書－第114期(2022/04/01－2023/03/31) | S100QYIH | 2023-06-16 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QYIH,, |
| 有価証券報告書－第113期(令和3年4月1日－令和4年3月31日) | S100O9XT | 2022-06-17 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O9XT,, |
| 有価証券報告書－第112期(令和2年4月1日－令和3年3月31日) | S100LK54 | 2021-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LK54,, |

## 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).