# Sekisui Chemical 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104期(2025/04/01－2026/03/31) (S100YBAY)
> Page: https://vizora.meequs.com/en/company/sekisui-chemical
> Retrieved: 2026-09-30T19:12:45.809Z

## Company

Sekisui Chemical, founded in 2008, is a company in Medical Devices listed on TSE Prime. It has 26,752 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Sekisui Chemical Co., Ltd. |
| Ticker | 4204 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4204.T) |
| Listing | TSE Prime |
| Head office | 大阪市北区西天満二丁目4番4号 |
| Representative (per filing) | 代表取締役社長 社長執行役員 清水 郁輔 |
| Founded | Oct 2008 |
| Share capital | ¥100B |
| Employees (consolidated) | 26,752 |
| Average salary (parent only) | ¥9.5M |
| Fiscal year end | March |
| Website | sekisui.co.jp (https://sekisui.co.jp/) |
| Corporate number | 1120001059650 |
| EDINET | E00820 |
| Industries (Vizora) | Medical Devices, Chemicals, Homebuilders, Housing Equipment & Building Materials |

> Profile source: annual securities report (S100YBAY, filed 2026-06-12). As of filing

## Five-axis industry profile

Primary industry: Homebuilders (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 41.3 | 23 |
| Profitability | 75 | 26 |
| Cash conversion | 72.9 | 24 |
| Efficiency | 32.7 | 26 |
| Financial strength | 90 | 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 41% of Sekisui Chemical's sales come from Housing, with High performance plastics and Urban infrastructure and environmental products making up much of the rest.
- Out of every ¥100 of sales, about ¥8 is left as operating profit.
- Revenue changed +0.9% from the prior year, operating profit -1.4%.

## Company structure

- Segment revenue mix: Housing 40.9%、High performance plastics 34.5%、Urban infrastructure and environmental products 17.2%、Medical 7.2%、Other 0.2%
- Revenue → net income: ¥1309281000000 → ¥77351000000
- Net income → operating cash flow: ¥77351000000 → ¥78301000000（difference ¥950000000）
- Main uses of operating cash flow: CapEx ¥113587000000 / dividends ¥34159000000 / buybacks ¥36413000000
- Change in cash: ¥-29190000000
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 | ¥1.31T |  |
| Operating income | ¥106.5B | Margin 8.1% |
| Net income | ¥75.2B | Margin 5.7% |
| Free cash flow | -¥35.3B |  |
| Largest business | Housing | of segment revenue 40.9% |
| Employees (consolidated) | 26,752 |  |
| EPS | ¥146.23 |  |
| Book value per share | ¥915.59 |  |
| Equity ratio | 59.6% |  |
| Shares outstanding | 430,507,000 |  |
| Treasury shares | 25,426,500 |  |
| Shareholders | 155,940 |  |
| Average salary (parent only) | ¥9.5M | Filing company only |
| Cash ratio | 6.5% | Net cash -¥18.7B · Cash ÷ revenue 7.1% |
| Vs. industry median margin | +2.7 pp | Homebuilders |
| ROE | 10.7% | Derived from disclosed figures |
| ROA | 5.4% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 1.1× dividends

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1056560000000 | ¥1309281000000 | +23.9% |
| Operating income | ¥67300000000 | ¥106477000000 | +58.2% |
| Operating margin | 6.4% | 8.1% | +1.8 pp |
| Employees | 26,577 people | 26,752 people | +0.7% |
| Cash and equivalents | ¥76649000000 | ¥92444000000 | +20.6% |

### 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 |
| --- | ---: |
| 住宅 → 住宅 | 40.9% |
| 住宅 → 事業再編・廃止 | 5.0% |
| 環境・ライフライン → 環境・ライフライン | 17.2% |
| 環境・ライフライン → 事業再編・廃止 | 1.0% |
| 高機能プラスチックス → 高機能プラスチックス | 28.7% |
| メディカル → メディカル | 6.8% |
| その他 → その他 | 0.2% |
| その他 → 事業再編・廃止 | 0.1% |
| 新設・再編 → 高機能プラスチックス | 5.8% |
| 新設・再編 → メディカル | 0.3% |

Segment revenue source references: 10 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Housing | 5 years | +2.0% | ¥535944000000 | 6.9% | 2 |
| High performance plastics | 5 years | +8.3% | ¥451722000000 | 13.1% | 2 |
| Urban infrastructure and environmental products | 5 years | +3.2% | ¥225061000000 | 10.3% | 2 |
| Medical | 5 years | +5.3% | ¥93721000000 | 11.9% | 2 |
| Other | 5 years | -4.0% | ¥2831000000 | -449.0% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 1,309,281 | 100.0% | S100YBAY |
| Cost of revenue | 885,102 | 67.6% | S100YBAY |
| Gross profit | 424,178 | 32.4% | S100YBAY |
| SG&A | 317,701 | 24.3% | S100YBAY |
| Operating income | 106,477 | 8.1% | S100YBAY |
| Ordinary income | 117,215 | 9.0% | S100YBAY |
| Pretax income | 105,023 | 8.0% | S100YBAY |
| Income tax | 27,671 | 2.1% | S100YBAY |
| Net income | 77,351 | 5.9% | S100YBAY |
| Net income attributable to owners | 75,174 | 5.7% | S100YBAY |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 68 |
| SG&A | 24 |
| Operating income | 8 |
| (Ref.) Net income | 6 |

### Margin funnel

Gross margin 32.4% → Operating margin 8.1% → Net margin 5.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +0.9%; Core profit growth: -1.4%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -1.54×
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 | 1,297,754 | 1,309,281 | 11,527 | +0.9% |
| Gross profit | 420,606 | 424,178 | 3,572 | +0.8% |
| Operating income | 107,951 | 106,477 | -1,474 | -1.4% |
| Net income attributable to owners | 81,925 | 75,174 | -6,751 | -8.2% |
| Operating cash flow | 119,231 | 78,301 | -40,930 | -34.3% |
| Free cash flow | 48,914 | -35,286 | -84,200 | -172.1% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 1,129,254 | 87,974 | 7.8% | 59,181 | 92,647 | 35,420 | S100LMCU |
| FY ending Mar 2021 | 1,056,560 | 67,300 | 6.4% | 41,544 | 75,271 | 13,204 | S100OBGN |
| FY ending Mar 2022 | 1,157,945 | 88,879 | 7.7% | 37,067 | 105,023 | 60,409 | S100R1O0 |
| FY ending Mar 2023 | 1,242,521 | 91,666 | 7.4% | 69,263 | 71,543 | 15,136 | S100TNOW |
| FY ending Mar 2024 | 1,256,538 | 94,399 | 7.5% | 77,930 | 106,632 | 46,177 | S100VXYE |
| FY ending Mar 2025 | 1,297,754 | 107,951 | 8.3% | 81,925 | 119,231 | 48,914 | S100YBAY |
| FY ending Mar 2026 | 1,309,281 | 106,477 | 8.1% | 75,174 | 78,301 | -35,286 | S100YBAY |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥48.9M |
| Operating income per employee (consolidated) | ¥4M |
| Net income per employee (consolidated) | ¥2.8M |

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) | 26,419 | 26,838 | 26,929 | 26,918 | 26,752 |
| Average salary (parent company) | ¥9M | ¥9.1M | ¥9.1M | ¥9.3M | ¥9.5M |
| Average age (parent company) | 43.6 years | 43.9 years | 43.9 years | 43.9 years | 44.2 years |
| Average tenure (parent company) | 15.7 years | 16.2 years | 16.1 years | 15.9 years | 15.9 years |

Year over year: Employees (consolidated) -0.6% · Revenue (consolidated) +0.9%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Housing | 535,944 | 40.9% | 37,150 | 6.9% |
| Urban infrastructure and environmental products | 225,061 | 17.2% | 23,247 | 10.3% |
| High performance plastics | 451,722 | 34.5% | 59,325 | 13.1% |
| Medical | 93,721 | 7.2% | 11,130 | 11.9% |
| Other | 2,831 | 0.2% | -12,710 | -449.0% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Housing | 40.9% | 28.4% | -12.5 | 6.9% |
| Urban infrastructure and environmental products | 17.2% | 17.8% | 0.6 | 10.3% |
| High performance plastics | 34.5% | 45.3% | 10.8 | 13.1% |
| Medical | 7.2% | 8.5% | 1.3 | 11.9% |
| Other | 0.2% | — | — | -449.0% |

Loss-making segment (excluded from profit shares): Other -12,710 JPY mn

Segment → industry: Medical → Medical Devices / High performance plastics → Chemicals / Urban infrastructure and environmental products → Chemicals / Housing → Homebuilders / Urban infrastructure and environmental products → Housing Equipment & Building Materials

## 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 | 78,301 | 6.0% | S100YBAY |
| Capital expenditure | 113,587 | 8.7% | S100YBAY |
| Free cash flow | -35,286 | -2.7% | 算出 |
| Investing cash flow | -69,103 | -5.3% | S100YBAY |
| Financing cash flow | -46,546 | -3.6% | S100YBAY |
| Dividends paid | 34,159 | 2.6% | S100YBAY |
| Share buyback | 36,413 | 2.8% | S100YBAY |
| Change in cash | -29,190 | -2.2% | S100YBAY |
| Cash and equivalents | 92,444 | 7.1% | S100YBAY |

## 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 | 133,739 | 85,207 | 126,367 | 120,895 | 92,444 | S100TNOW, S100VXYE, S100YBAY |
| Total assets | 1,198,921 | 1,228,131 | 1,323,243 | 1,330,786 | 1,427,933 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |
| Net assets | 702,753 | 732,525 | 820,925 | 835,366 | 881,125 | S100TNOW, S100VXYE, S100YBAY |
| Share capital | 100,002 | 100,002 | 100,002 | 100,002 | 100,002 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |
| Property, plant and equipment | 365,254 | 377,381 | 392,485 | 403,870 | 462,551 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |
| Intangible assets excluding goodwill | 46,733 | 51,003 | 59,097 | 59,131 | 57,567 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |
| Goodwill | 10,736 | 11,028 | 8,636 | 6,874 | 7,253 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |
| Investment securities | 130,688 | 137,314 | 127,421 | 105,102 | 101,597 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |
| Current assets | 609,395 | 621,650 | 685,564 | 703,104 | 721,698 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |
| Current liabilities | 329,694 | 327,978 | 344,597 | 340,002 | 388,584 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |
| Short-term borrowings | 4,293 | 3,569 | 11,569 | 2,340 | 20,001 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |
| Long-term borrowings | 58,093 | 56,187 | 46,270 | 46,042 | 41,179 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |
| Bonds | 40,000 | 40,030 | 40,000 | 40,000 | 50,000 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |
| Interest-bearing debt | 102,386 | 99,786 | 97,839 | 88,382 | 111,180 | 算出 |
| Total liabilities | 496,168 | 495,606 | 502,318 | 495,420 | 546,807 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |
| Non-controlling interests | 28,116 | 27,498 | 28,595 | 28,018 | 29,935 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |
| Equity attributable to owners of parent | 612,409 | 630,041 | 661,889 | 699,787 | 704,779 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |
| Retained earnings | 447,958 | 468,094 | 501,945 | 544,799 | 558,200 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |
| Treasury stock | -44,592 | -46,637 | -48,679 | -50,082 | -58,681 | S100R1O0, S100TNOW, S100VXYE, S100YBAY |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 6% | S100YBAY |
| Property, plant and equipment | 32% | S100YBAY |
| Intangibles and goodwill | 5% | S100YBAY |
| Investment securities | 7% | S100YBAY |
| Other assets | 50% | S100YBAY |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Interest-bearing debt | 8% | 算出 |
| Other liabilities | 30% | S100YBAY |
| Equity | 62% | S100YBAY |
| Other liabilities | 0% | S100YBAY |

### 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 | 1,198,921 | 1,228,131 | 1,323,243 | 1,330,786 | 1,427,933 |
| Equity | 702,753 | 732,525 | 820,925 | 835,366 | 881,125 |
| Interest-bearing debt | 102,386 | 99,786 | 97,839 | 88,382 | 111,180 |
| Cash | 133,739 | 85,207 | 126,367 | 120,895 | 92,444 |

## 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) | 35.3% | S100YBAY |
| Fixed assets ÷ total assets | 32.4% | S100YBAY |
| Goodwill ÷ parent equity | 1.0% | S100YBAY |

Goodwill over 4 years: 10,736 → 7,253 JPY; total investing cash flow: -205,862 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) | 6.5% |
| Cash ÷ revenue | 7.1% |
| Net cash (cash − interest-bearing debt) | -¥18.7B |
| Net debt ÷ operating cash flow | 0.24× |
| Cash conversion (operating CF ÷ operating income) | 73.5% |
| Cash vs. profit gap | 3,127 JPY mn (of net income 4.2%) |
| Shareholder returns / net income | 93.9% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 45.4% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 8.7% |
| Investing CF relative to operating CF | 88.3% |

## 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 | 3.2% | 0.97× | 3.1% | 1.96× | 6.1% | S100R1O0 |
| 2023 | 5.6% | 1.02× | 5.7% | 1.95× | 11.1% | S100TNOW |
| 2024 | 6.2% | 0.98× | 6.1% | 1.97× | 12.1% | S100VXYE |
| 2025 | 6.3% | 0.98× | 6.2% | 1.95× | 12.0% | S100YBAY |
| 2026 | 5.7% | 0.95× | 5.4% | 1.96× | 10.7% | S100YBAY |

## 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 | 14.8% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 5.3% | 2026-03-31 |
| 積水化学グループ従業員持株会 | Major shareholder | 3.0% | 2026-03-31 |
| 第一生命保険株式会社 （常任代理人 株式会社日本カストディ銀行） | Major shareholder | 3.0% | 2026-03-31 |
| 積水ハウス株式会社 | Major shareholder | 2.0% | 2026-03-31 |
| 全国共済農業協同組合連合会 （常任代理人 日本マスタートラスト信託銀行株式会社） | Major shareholder | 1.8% | 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 | 1.7% | 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 |
| 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 | 1.1% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505223 （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.0% | 2026-03-31 |

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

- Revenue for the FY ending Mar 2026 reached ¥1.31T, up +0.9% from the prior year.
- Operating income slipped -1.4% to ¥106.5B, and net income fell -8.2% to ¥75.2B.
- Operating cash flow dropped -34.3% to ¥78.3B while capital expenditure was ¥113.6B, so free cash flow turned negative at -¥35.3B.

### Drivers

- Solid demand in semiconductors and aircraft pushed revenue to a record high
- Slower EV market growth and weaker US demand for infectious disease test kits weighed on operating income
- Impairment losses cut net income, and higher inventories reduced operating cash flow

### Risks

- Tighter supply and higher prices for raw materials if the Middle East situation worsens
- Shifts in housing demand driven by mortgage rates and housing policy in Japan
- Delays in factory setup or development, or weak demand, for its film-type perovskite solar cells

Cited: Annual securities report: management analysis (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: business risks (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第104期(2025/04/01－2026/03/31) | S100YBAY | 2026-06-12 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YBAY,, |
| 有価証券報告書－第103期(2024/04/01－2025/03/31) | S100VXYE | 2025-06-16 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VXYE,, |
| 有価証券報告書－第102期(2023/04/01－2024/03/31) | S100TNOW | 2024-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TNOW,, |
| 有価証券報告書－第101期(2022/04/01－2023/03/31) | S100R1O0 | 2023-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R1O0,, |
| 有価証券報告書－第100期(令和3年4月1日－令和4年3月31日) | S100OBGN | 2022-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OBGN,, |
| 有価証券報告書－第99期(令和2年4月1日－令和3年3月31日) | S100LMCU | 2021-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LMCU,, |

## Key alliances (from the filing's material contracts)

| Partner | Type | Description | Source |
| --- | ---: | ---: | ---: |
| ペプチドリーム | Joint venture | 合弁会社ペプチスター（特殊ペプチド原薬） | S100XRP4 |
| 積水ハウス | Alliance | 積水化学工業から標章（商標を含む）の使用許諾を受ける契約 | S100XZ22 |

## 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).