# OBAYASHI  CORPORATION: 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122期(2025/04/01－2026/03/31) (S100YITC)
> Page: https://vizora.meequs.com/en/company/obayashi
> Retrieved: 2026-09-30T18:50:51.480Z

## Company

Obayashi, founded in 1936, is a company in Real Estate Development & Leasing listed on TSE Prime. It has 18,031 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | OBAYASHI CORPORATION |
| Ticker | 1802 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/1802.T) |
| Listing | TSE Prime |
| Head office | 東京都港区港南2丁目15番2号 |
| Representative (per filing) | 代表取締役社長 兼 CEO 佐藤 俊美 |
| Founded | Dec 1936 |
| Share capital | ¥57.8B |
| Employees (consolidated) | 18,031 |
| Average salary (parent only) | ¥12.4M |
| Fiscal year end | March |
| Website | www.obayashi.co.jp (https://www.obayashi.co.jp/) |
| Corporate number | 7010401088742 |
| EDINET | E00055 |
| Industries (Vizora) | Real Estate Development & Leasing, General Contractors |

> Profile source: annual securities report (S100YITC, filed 2026-06-24). As of filing

## Five-axis industry profile

Primary industry: General Contractors (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 75.6 | 84 |
| Profitability | 58.2 | 92 |
| Cash conversion | 70.9 | 91 |
| Efficiency | 31 | 92 |
| Financial strength | 76.7 | 15 |

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 44% of Obayashi's sales come from Domestic building construction, with Overseas building construction and Domestic civil engineering making up much of the rest.
- Out of every ¥100 of sales, about ¥7 is left as operating profit.
- Revenue changed -0.2% from the prior year, operating profit +36.6%.

## Company structure

- Segment revenue mix: Domestic building construction 44.0%、Overseas building construction 19.6%、Domestic civil engineering 16.5%、Overseas civil engineering 13.0%、Real estate 4.1%
- Revenue → net income: ¥2586258000000 → ¥177761000000
- Net income → operating cash flow: ¥177761000000 → ¥252920000000（difference ¥75159000000）
- Main uses of operating cash flow: CapEx ¥125630000000 / dividends ¥57788000000 / buybacks ¥58061000000
- Change in cash: ¥35859000000
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 | ¥2.59T |  |
| Operating income | ¥194.7B | Margin 7.5% |
| Net income | ¥173.8B | Margin 6.7% |
| Free cash flow | ¥127.3B |  |
| Largest business | Domestic building construction | of segment revenue 44.0% |
| Employees (consolidated) | 18,031 |  |
| EPS | ¥233.75 |  |
| Book value per share | ¥1270.24 |  |
| Equity ratio | 40.0% |  |
| Shares outstanding | 691,811,000 |  |
| Treasury shares | 3,575,700 |  |
| Shareholders | 75,018 |  |
| Average salary (parent only) | ¥12.4M | Filing company only |
| Cash ratio | 13.2% | Net cash ¥136.5B · Cash ÷ revenue 16.1% |
| Vs. industry median margin | +0.7 pp | General Contractors |
| ROE | 18.0% | Derived from disclosed figures |
| ROA | 5.6% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 1.0× dividends
- FY2026, parent-company salary changed +21% over five years

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1766893000000 | ¥2586258000000 | +46.4% |
| Operating income | ¥123161000000 | ¥194678000000 | +58.1% |
| Operating margin | 7.0% | 7.5% | +0.6 pp |
| Employees | 15,267 people | 18,031 people | +18.1% |
| Cash and equivalents | ¥236474000000 | ¥416028000000 | +75.9% |

### 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 |
| --- | ---: |
| 国内建築 → 国内建築 | 44.0% |
| 国内建築 → 事業再編・廃止 | 10.6% |
| 海外建築 → 海外建築 | 17.2% |
| 国内土木 → 国内土木 | 16.5% |
| 国内土木 → 事業再編・廃止 | 2.9% |
| 海外土木 → 海外土木 | 4.1% |
| 不動産 → 不動産 | 2.4% |
| その他 → その他 | 2.3% |
| 新設・再編 → 海外建築 | 2.4% |
| 新設・再編 → 海外土木 | 8.9% |
| 新設・再編 → 不動産 | 1.7% |
| 新設・再編 → その他 | 0.4% |

Segment revenue source references: 12 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Domestic building construction | 5 years | +3.4% | ¥1138762000000 | 9.1% | 2 |
| Overseas building construction | 5 years | +10.8% | ¥507992000000 | 2.2% | 2 |
| Domestic civil engineering | 5 years | +4.5% | ¥426623000000 | 9.5% | 2 |
| Overseas civil engineering | 5 years | +36.1% | ¥336000000000 | 4.5% | 2 |
| Real estate | 5 years | +20.3% | ¥106798000000 | 18.7% | 2 |
| Other | 5 years | +11.2% | ¥70082000000 | 4.1% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 2,586,258 | 100.0% | S100YITC |
| Cost of revenue | 2,221,567 | 85.9% | S100YITC |
| Gross profit | 364,691 | 14.1% | S100YITC |
| SG&A | 170,012 | 6.6% | S100YITC |
| Operating income | 194,678 | 7.5% | S100YITC |
| Ordinary income | 204,195 | 7.9% | S100YITC |
| Pretax income | 249,410 | 9.6% | S100YITC |
| Income tax | 71,648 | 2.8% | S100YITC |
| Net income | 177,761 | 6.9% | S100YITC |
| Net income attributable to owners | 173,759 | 6.7% | S100YITC |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 86 |
| SG&A | 7 |
| Operating income | 7 |
| (Ref.) Net income | 7 |

### Margin funnel

Gross margin 14.1% → Operating margin 7.5% → Net margin 6.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue down, profit up
Revenue growth: -0.2%; Core profit growth: +36.6%
Operating leverage (core profit growth ÷ revenue growth): -210.65×
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 | 2,590,765 | 2,586,258 | -4,507 | -0.2% |
| Gross profit | 295,386 | 364,691 | 69,305 | +23.5% |
| Operating income | 142,469 | 194,678 | 52,209 | +36.6% |
| Net income attributable to owners | 145,355 | 173,759 | 28,404 | +19.5% |
| Operating cash flow | 84,161 | 252,920 | 168,759 | +200.5% |
| Free cash flow | 34,219 | 127,290 | 93,071 | +272.0% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 2,073,043 | 152,871 | 7.4% | 113,093 | 237,628 | 190,157 | S100LWQ7 |
| FY ending Mar 2021 | 1,766,893 | 123,161 | 7.0% | 98,780 | 24,803 | -32,628 | S100OE64 |
| FY ending Mar 2022 | 1,922,884 | 41,051 | 2.1% | 39,127 | 69,697 | 11,667 | S100R95O |
| FY ending Mar 2023 | 1,983,888 | 93,800 | 4.7% | 77,671 | 228,456 | 131,867 | S100TXH2 |
| FY ending Mar 2024 | 2,325,162 | 79,381 | 3.4% | 75,059 | 50,399 | -27,992 | S100W0FJ |
| FY ending Mar 2025 | 2,590,765 | 142,469 | 5.5% | 145,355 | 84,161 | 34,219 | S100YITC |
| FY ending Mar 2026 | 2,586,258 | 194,678 | 7.5% | 173,759 | 252,920 | 127,290 | S100YITC |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥143.4M |
| Operating income per employee (consolidated) | ¥10.8M |
| Net income per employee (consolidated) | ¥9.6M |

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) | 15,470 | 15,876 | 16,986 | 17,305 | 18,031 |
| Average salary (parent company) | ¥10.2M | ¥10.3M | ¥10.7M | ¥11.4M | ¥12.4M |
| Average age (parent company) | 42.6 years | 42.7 years | 42.6 years | 42.4 years | 42.0 years |
| Average tenure (parent company) | 17.0 years | 17.0 years | 16.7 years | 16.4 years | 15.9 years |

Year over year: Employees (consolidated) +4.2% · Revenue (consolidated) -0.2%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Domestic building construction | 1,138,762 | 44.0% | 103,615 | 9.1% |
| Overseas building construction | 507,992 | 19.6% | 11,415 | 2.2% |
| Domestic civil engineering | 426,623 | 16.5% | 40,649 | 9.5% |
| Overseas civil engineering | 336,000 | 13.0% | 15,238 | 4.5% |
| Real estate | 106,798 | 4.1% | 19,924 | 18.7% |
| Other | 70,082 | 2.7% | 2,844 | 4.1% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Domestic building construction | 44.0% | 53.5% | 9.5 | 9.1% |
| Overseas building construction | 19.6% | 5.9% | -13.7 | 2.2% |
| Domestic civil engineering | 16.5% | 21.0% | 4.5 | 9.5% |
| Overseas civil engineering | 13.0% | 7.9% | -5.1 | 4.5% |
| Real estate | 4.1% | 10.3% | 6.2 | 18.7% |
| Other | 2.7% | 1.5% | -1.2 | 4.1% |

Segment → industry: Real estate → Real Estate Development & Leasing / Overseas civil engineering → General Contractors / Domestic civil engineering → General Contractors / Overseas building construction → General Contractors / Domestic building construction → General Contractors

## 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 | 252,920 | 9.8% | S100YITC |
| Capital expenditure | 125,630 | 4.9% | S100YITC |
| Free cash flow | 127,290 | 4.9% | 算出 |
| Investing cash flow | -84,363 | -3.3% | S100YITC |
| Financing cash flow | -141,449 | -5.5% | S100YITC |
| Dividends paid | 57,788 | 2.2% | S100YITC |
| Share buyback | 58,061 | 2.2% | S100YITC |
| Change in cash | 35,859 | 1.4% | S100YITC |
| Cash and equivalents | 416,028 | 16.1% | S100YITC |

## 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 | 249,317 | 405,633 | 326,688 | 380,169 | 416,028 | S100TXH2, S100W0FJ, S100YITC |
| Total assets | 2,422,085 | 2,609,929 | 3,019,118 | 3,042,778 | 3,143,449 | S100R95O, S100TXH2, S100W0FJ, S100YITC |
| Net assets | 988,913 | 1,035,881 | 1,195,244 | 1,210,201 | 1,316,466 | S100TXH2, S100W0FJ, S100YITC |
| Share capital | 57,752 | 57,752 | 57,752 | 57,752 | 57,752 | S100R95O, S100TXH2, S100W0FJ, S100YITC |
| Property, plant and equipment | 623,306 | 692,545 | 735,914 | 737,577 | 792,967 | S100R95O, S100TXH2, S100W0FJ, S100YITC |
| Intangible assets excluding goodwill | 8,648 | 17,932 | 38,537 | 37,116 | 63,111 | S100R95O, S100TXH2, S100W0FJ, S100YITC |
| Goodwill | 1,237 | 5,036 | 15,896 | 13,007 | 23,003 | S100R95O, S100TXH2, S100W0FJ, S100YITC |
| Investment securities | 337,976 | 306,570 | 422,583 | 311,557 | 339,322 | S100R95O, S100TXH2, S100W0FJ, S100YITC |
| Current assets | 1,395,517 | 1,505,551 | 1,689,137 | 1,809,460 | 1,778,543 | S100R95O, S100TXH2, S100W0FJ, S100YITC |
| Current liabilities | 1,128,602 | 1,226,434 | 1,433,517 | 1,453,358 | 1,429,526 | S100R95O, S100TXH2, S100W0FJ, S100YITC |
| Short-term borrowings | 62,785 | 67,170 | 68,142 | 97,532 | 75,203 | S100R95O, S100TXH2, S100W0FJ, S100YITC |
| Long-term borrowings | 94,590 | 124,051 | 131,507 | 127,589 | 144,299 | S100R95O, S100TXH2, S100W0FJ, S100YITC |
| Bonds | 40,000 | 50,000 | 40,107 | 60,091 | 60,009 | S100R95O, S100TXH2, S100W0FJ, S100YITC |
| Interest-bearing debt | 197,375 | 241,221 | 239,756 | 285,212 | 279,511 | 算出 |
| Total liabilities | 1,433,171 | 1,574,048 | 1,823,874 | 1,832,577 | 1,826,983 | S100R95O, S100TXH2, S100W0FJ, S100YITC |
| Non-controlling interests | 33,222 | 38,772 | 43,614 | 51,956 | 58,041 | S100R95O, S100TXH2, S100W0FJ, S100YITC |
| Equity attributable to owners of parent | 775,144 | 825,047 | 870,884 | 936,681 | 994,986 | S100R95O, S100TXH2, S100W0FJ, S100YITC |
| Retained earnings | 677,559 | 728,087 | 773,841 | 852,429 | 905,459 | S100R95O, S100TXH2, S100W0FJ, S100YITC |
| Treasury stock | -2,808 | -2,754 | -2,711 | -14,828 | -9,514 | S100R95O, S100TXH2, S100W0FJ, S100YITC |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 13% | S100YITC |
| Property, plant and equipment | 25% | S100YITC |
| Intangibles and goodwill | 3% | S100YITC |
| Investment securities | 11% | S100YITC |
| Other assets | 48% | S100YITC |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Interest-bearing debt | 9% | 算出 |
| Other liabilities | 49% | S100YITC |
| Equity | 42% | S100YITC |

### 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 | 2,422,085 | 2,609,929 | 3,019,118 | 3,042,778 | 3,143,449 |
| Equity | 988,913 | 1,035,881 | 1,195,244 | 1,210,201 | 1,316,466 |
| Interest-bearing debt | 197,375 | 241,221 | 239,756 | 285,212 | 279,511 |
| Cash | 249,317 | 405,633 | 326,688 | 380,169 | 416,028 |

## 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) | 30.7% | S100YITC |
| Fixed assets ÷ total assets | 25.2% | S100YITC |
| Goodwill ÷ parent equity | 2.3% | S100YITC |

Goodwill over 4 years: 1,237 → 23,003 JPY; total investing cash flow: -310,233 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) | 13.2% |
| Cash ÷ revenue | 16.1% |
| Net cash (cash − interest-bearing debt) | ¥136.5B |
| Net debt ÷ operating cash flow | -0.54× |
| Cash conversion (operating CF ÷ operating income) | 129.9% |
| Cash vs. profit gap | 79,161 JPY mn (of net income 45.6%) |
| Shareholder returns / net income | 66.7% |
| Shareholder returns / FCF | 91.0% |
| Shareholder payments — dividends / net income | 33.3% |
| Shareholder payments — dividends / FCF | 45.4% |
| CapEx intensity (capex ÷ revenue) | 4.9% |
| Investing CF relative to operating CF | 33.4% |

## 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 | 2.0% | 0.79× | 1.6% | 3.12× | 5.0% | S100R95O |
| 2023 | 3.9% | 0.79× | 3.1% | 3.14× | 9.7% | S100TXH2 |
| 2024 | 3.2% | 0.83× | 2.7% | 3.32× | 8.9% | S100W0FJ |
| 2025 | 5.6% | 0.85× | 4.8% | 3.35× | 16.1% | S100YITC |
| 2026 | 6.7% | 0.84× | 5.6% | 3.20× | 18.0% | S100YITC |

## 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 | 15.5% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 7.3% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505001（常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 3.7% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505103（常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 2.6% | 2026-03-31 |
| 大林 剛郎 | Major shareholder | 2.5% | 2026-03-31 |
| 日本生命保険相互会社 | Major shareholder | 2.1% | 2026-03-31 |
| 大林グループ従業員持株会 | Major shareholder | 1.8% | 2026-03-31 |
| JP MORGAN CHASE BANK 385781（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 |
| THE BANK OF NEW YORK MELLON 140042（常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.3% | 2026-03-31 |
| ゴールドマン・サックス証券株式会社 BNYM | 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 ¥2.59T, essentially flat at -0.2%.
- Profits grew anyway: operating income reached ¥194.7B (+36.6%) and net income attributable to owners ¥173.8B (+19.5%).
- Cash generation jumped too. Operating cash flow was ¥252.9B (+200.5%) and free cash flow ¥127.3B (+272.0%).

### Drivers

- Domestic building revenue fell after large projects wound down the year before, but profit rose thanks to extra and change-order work and a larger share of higher-margin jobs.
- Overseas civil engineering had a bigger backlog that progressed smoothly, and the real estate business sold development properties.
- Operating cash flow rose because the domestic construction business stayed on solid footing.

### Risks

- Instability in the Middle East could push up building material prices, make sourcing harder, and lead customers to hold back on capital spending.
- Rising labor rates and a shortage of skilled workers could raise construction costs and squeeze margins.
- If goodwill from acquisitions or the value of its real estate falls, the company may have to book impairment losses.

Cited: Annual Securities Report, 122nd term (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, 122nd term (Apr 2025 – Mar 2026) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第122期(2025/04/01－2026/03/31) | S100YITC | 2026-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YITC,, |
| 有価証券報告書－第121期(2024/04/01－2025/03/31) | S100W0FJ | 2025-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W0FJ,, |
| 有価証券報告書－第120期(2023/04/01－2024/03/31) | S100TXH2 | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TXH2,, |
| 有価証券報告書－第119期(2022/04/01－2023/03/31) | S100R95O | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R95O,, |
| 有価証券報告書－第118期(令和3年4月1日－令和4年3月31日) | S100OE64 | 2022-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OE64,, |
| 訂正有価証券報告書－第117期(令和2年4月1日－令和3年3月31日) | S100LWQ7 | 2021-07-05 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LWQ7,, |

## 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).