# TOKYO GAS 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226期(2025/04/01－2026/03/31) (S100YH8W)
> Page: https://vizora.meequs.com/en/company/tokyo-gas
> Retrieved: 2026-09-30T21:40:27.182Z

## Company

Tokyo GAS, founded in 1885, is a company in Oil, Gas & Mining listed on TSE Prime. It has 16,001 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | TOKYO GAS CO.,LTD. |
| Ticker | 9531 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/9531.T) |
| Listing | TSE Prime |
| Head office | 東京都港区海岸一丁目5番20号 |
| Representative (per filing) | 代表執行役社長 笹山 晋一 |
| Founded | Oct 1885 |
| Share capital | ¥141.8B |
| Employees (consolidated) | 16,001 |
| Average salary (parent only) | ¥7.8M |
| Fiscal year end | March |
| Website | tokyo-gas.co.jp (https://tokyo-gas.co.jp/) |
| Corporate number | 6010401020516 |
| EDINET | E04514 |
| Industries (Vizora) | Oil, Gas & Mining, Electric Power & Gas, Real Estate Development & Leasing |

> Profile source: annual securities report (S100YH8W, filed 2026-06-23). As of filing

## Five-axis industry profile

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

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 77.4 | 42 |
| Profitability | 48.9 | 44 |
| Cash conversion | 75 | 42 |
| Efficiency | 51.1 | 44 |
| Financial strength | 55.3 | 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 86% of Tokyo GAS's sales come from Energy solution, with Global Business and Network making up much of the rest.
- Out of every ¥100 of sales, about ¥7 is left as operating profit.
- Revenue changed +7.5% from the prior year, operating profit +48.5%.

## Company structure

- Segment revenue mix: Energy solution 86.2%、Global Business 8.5%、Network 3.6%、Urban development business 1.6%
- Revenue → net income: ¥2834749000000 → ¥229596000000
- Net income → operating cash flow: ¥229596000000 → ¥451837000000（difference ¥222241000000）
- Main uses of operating cash flow: CapEx ¥295647000000 / dividends ¥33887000000 / buybacks ¥200071000000
- Change in cash: ¥-46591000000
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 | ¥2.83T |  |
| Operating income | ¥197.7B | Margin 7.0% |
| Net income | ¥226.9B | Margin 8.0% |
| Free cash flow | ¥156.2B |  |
| Largest business | Energy solution | of segment revenue 86.2% |
| Employees (consolidated) | 16,001 |  |
| EPS | ¥352.48 |  |
| Book value per share | ¥2581.63 |  |
| Equity ratio | 44.1% |  |
| Shares outstanding | 371,091,000 |  |
| Treasury shares | 37,430,400 |  |
| Shareholders | 65,242 |  |
| Average salary (parent only) | ¥7.8M | Filing company only |
| Cash ratio | 4.8% | Net cash -¥958.7B · Cash ÷ revenue 6.6% |
| Vs. industry median margin | 0 pp | Electric Power & Gas |
| ROE | 16.2% | Derived from disclosed figures |
| ROA | 5.9% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 5.9× dividends
- FY2026, one segment accounts for 64% of positive segment profit
- FY2026, segment profit share differs by -22 points

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1765146000000 | ¥2834749000000 | +60.6% |
| Operating income | ¥77675000000 | ¥197677000000 | +154.5% |
| Operating margin | 4.4% | 7.0% | +2.6 pp |
| Employees | 16,858 people | 16,001 people | -5.1% |
| Cash and equivalents | ¥157811000000 | ¥187043000000 | +18.5% |

### 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 |
| --- | ---: |
| ガス → 事業再編・廃止 | 56.9% |
| 電力 → 事業再編・廃止 | 22.4% |
| 海外 → 海外 | 2.4% |
| エネルギー関連 → 事業再編・廃止 | 16.6% |
| 不動産 → 事業再編・廃止 | 1.2% |
| その他 → 事業再編・廃止 | 0.5% |
| 新設・再編 → エネルギー・ソリューション | 86.2% |
| 新設・再編 → ネットワーク | 3.6% |
| 新設・再編 → 海外 | 6.1% |
| 新設・再編 → 都市ビジネス | 1.6% |

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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Energy solution | 3 years | -6.8% | ¥2444496000000 | 6.1% | 2 |
| Global Business | 5 years | +41.6% | ¥241082000000 | 29.3% | 2 |
| Network | 3 years | +2.7% | ¥103127000000 | 4.0% | 2 |
| Urban development business | 3 years | +8.2% | ¥46042000000 | 21.4% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 2,834,749 | 100.0% | S100YH8W |
| Cost of revenue | 2,327,493 | 82.1% | S100YH8W |
| Gross profit | 507,255 | 17.9% | S100YH8W |
| SG&A | 309,578 | 10.9% | S100YH8W |
| Operating income | 197,677 | 7.0% | S100YH8W |
| Ordinary income | 193,701 | 6.8% | S100YH8W |
| Pretax income | 289,109 | 10.2% | S100YH8W |
| Income tax | 59,512 | 2.1% | S100YH8W |
| Net income | 229,596 | 8.1% | S100YH8W |
| Net income attributable to owners | 226,857 | 8.0% | S100YH8W |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 82 |
| SG&A | 11 |
| Operating income | 7 |
| (Ref.) Net income | 8 |

### Margin funnel

Gross margin 17.9% → Operating margin 7.0% → Net margin 8.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +7.5%; Core profit growth: +48.5%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 6.46×
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 | 2,636,809 | 2,834,749 | 197,940 | +7.5% |
| Gross profit | 406,235 | 507,255 | 101,020 | +24.9% |
| Operating income | 133,090 | 197,677 | 64,587 | +48.5% |
| Net income attributable to owners | 74,194 | 226,857 | 152,663 | +205.8% |
| Operating cash flow | 363,120 | 451,837 | 88,717 | +24.4% |
| Free cash flow | 57,051 | 156,190 | 99,139 | +173.8% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 1,925,235 | 101,418 | 5.3% | 43,293 | 306,296 | 86,724 | S100LSTE |
| FY ending Mar 2021 | 1,765,146 | 77,675 | 4.4% | 49,505 | 255,574 | 47,197 | S100OJKI |
| FY ending Mar 2022 | 2,154,860 | 127,525 | 5.9% | 95,702 | 145,227 | -51,747 | S100R87L |
| FY ending Mar 2023 | 3,289,634 | 421,477 | 12.8% | 280,916 | 487,030 | 302,089 | S100TUIH |
| FY ending Mar 2024 | 2,662,420 | 217,143 | 8.2% | 165,481 | 316,323 | 102,179 | S100W10L |
| FY ending Mar 2025 | 2,636,809 | 133,090 | 5.0% | 74,194 | 363,120 | 57,051 | S100YH8W |
| FY ending Mar 2026 | 2,834,749 | 197,677 | 7.0% | 226,857 | 451,837 | 156,190 | S100YH8W |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥177.2M |
| Operating income per employee (consolidated) | ¥12.4M |
| Net income per employee (consolidated) | ¥14.2M |

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) | 16,697 | 15,963 | 15,504 | 15,572 | 16,001 |
| Average salary (parent company) | ¥7M | ¥7.2M | ¥7.4M | ¥7.6M | ¥7.8M |
| Average age (parent company) | 42.6 years | 43.1 years | 43.5 years | 43.3 years | 43.3 years |
| Average tenure (parent company) | 17.4 years | 18.1 years | 18.8 years | 18.8 years | 19.5 years |

Year over year: Employees (consolidated) +2.8% · Revenue (consolidated) +7.5%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Energy solution | 2,444,496 | 86.2% | 149,746 | 6.1% |
| Network | 103,127 | 3.6% | 4,103 | 4.0% |
| Global Business | 241,082 | 8.5% | 70,730 | 29.3% |
| Urban development business | 46,042 | 1.6% | 9,848 | 21.4% |

### 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 solution | 86.2% | 63.9% | -22.4 | 6.1% |
| Network | 3.6% | 1.8% | -1.9 | 4.0% |
| Global Business | 8.5% | 30.2% | 21.7 | 29.3% |
| Urban development business | 1.6% | 4.2% | 2.6 | 21.4% |

Segment → industry: Global Business → Oil, Gas & Mining / Global Business → Electric Power & Gas / Network → Electric Power & Gas / Energy solution → Electric Power & Gas / Urban development business → 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 | 451,837 | 15.9% | S100YH8W |
| Capital expenditure | 295,647 | 10.4% | S100YH8W |
| Free cash flow | 156,190 | 5.5% | 算出 |
| Investing cash flow | -206,934 | -7.3% | S100YH8W |
| Financing cash flow | -296,337 | -10.5% | S100YH8W |
| Dividends paid | 33,887 | 1.2% | S100YH8W |
| Share buyback | 200,071 | 7.1% | S100YH8W |
| Change in cash | -46,591 | -1.6% | S100YH8W |
| Cash and equivalents | 187,043 | 6.6% | S100YH8W |

## 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 | 179,699 | 453,432 | 363,883 | 244,320 | 187,043 | S100TUIH, S100W10L, S100YH8W |
| Total assets | 3,187,627 | 3,581,425 | 3,897,608 | 3,855,093 | 3,892,268 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Net assets | 1,281,150 | 1,589,301 | 1,758,822 | 1,801,470 | 1,796,567 | S100TUIH, S100W10L, S100YH8W |
| Share capital | 141,844 | 141,844 | 141,844 | 141,844 | 141,844 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Property, plant and equipment | 1,569,373 | 1,582,904 | 1,446,098 | 1,453,739 | 1,422,919 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Intangible assets excluding goodwill | 300,315 | 314,533 | 681,166 | 758,985 | 740,292 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Goodwill | 6,018 | 6,410 | 5,524 | 5,896 | 5,163 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Investment securities | 236,303 | 278,497 | 293,526 | 383,571 | 429,702 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Current assets | 899,870 | 1,217,914 | 1,308,913 | 1,047,130 | 1,034,789 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Current liabilities | 551,990 | 606,158 | 669,504 | 610,214 | 703,225 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Trade payables | 76,229 | 79,041 | 101,621 | 102,577 | 105,153 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Short-term borrowings | 6,385 | 6,674 | 9,421 | 11,015 | 10,244 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Long-term borrowings | 568,725 | 607,262 | 629,944 | 577,843 | 494,413 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Bonds | 548,619 | 548,976 | 639,687 | 651,350 | 641,062 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Interest-bearing debt | 1,123,729 | 1,162,912 | 1,279,052 | 1,240,208 | 1,145,719 | 算出 |
| Total liabilities | 1,906,477 | 1,992,124 | 2,138,785 | 2,053,623 | 2,095,700 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Non-controlling interests | 29,368 | 30,896 | 65,344 | 76,024 | 79,095 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Equity attributable to owners of parent | 1,215,350 | 1,449,094 | 1,479,204 | 1,403,947 | 1,396,411 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Retained earnings | 1,076,184 | 1,310,908 | 1,337,696 | 1,343,185 | 1,455,063 | S100R87L, S100TUIH, S100W10L, S100YH8W |
| Treasury stock | -3,524 | -3,658 | -4,459 | -85,205 | -204,626 | S100R87L, S100TUIH, S100W10L, S100YH8W |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 5% | S100YH8W |
| Property, plant and equipment | 37% | S100YH8W |
| Intangibles and goodwill | 19% | S100YH8W |
| Investment securities | 11% | S100YH8W |
| Other assets | 28% | S100YH8W |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 3% | S100YH8W |
| Interest-bearing debt | 29% | 算出 |
| Other liabilities | 22% | S100YH8W |
| Equity | 46% | S100YH8W |
| Other liabilities | 0% | S100YH8W |

### 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 | 3,187,627 | 3,581,425 | 3,897,608 | 3,855,093 | 3,892,268 |
| Equity | 1,281,150 | 1,589,301 | 1,758,822 | 1,801,470 | 1,796,567 |
| Interest-bearing debt | 1,123,729 | 1,162,912 | 1,279,052 | 1,240,208 | 1,145,719 |
| Cash | 179,699 | 453,432 | 363,883 | 244,320 | 187,043 |

## 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) | 50.2% | S100YH8W |
| Fixed assets ÷ total assets | 36.6% | S100YH8W |
| Goodwill ÷ parent equity | 0.4% | S100YH8W |

Goodwill over 4 years: 6,018 → 5,163 JPY; total investing cash flow: -1,260,652 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) | 4.8% |
| Cash ÷ revenue | 6.6% |
| Net cash (cash − interest-bearing debt) | -¥958.7B |
| Net debt ÷ operating cash flow | 2.12× |
| Cash conversion (operating CF ÷ operating income) | 228.6% |
| Cash vs. profit gap | 224,980 JPY mn (of net income 99.2%) |
| Shareholder returns / net income | 103.1% |
| Shareholder returns / FCF | 149.8% |
| Shareholder payments — dividends / net income | 14.9% |
| Shareholder payments — dividends / FCF | 21.7% |
| CapEx intensity (capex ÷ revenue) | 10.4% |
| Investing CF relative to operating CF | 45.8% |

## 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 | 4.4% | 0.68× | 3.0% | 2.62× | 7.9% | S100R87L |
| 2023 | 8.5% | 0.97× | 8.3% | 2.54× | 21.1% | S100TUIH |
| 2024 | 6.2% | 0.71× | 4.4% | 2.55× | 11.3% | S100W10L |
| 2025 | 2.8% | 0.68× | 1.9% | 2.69× | 5.1% | S100YH8W |
| 2026 | 8.0% | 0.73× | 5.9% | 2.77× | 16.2% | S100YH8W |

## 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 | 15.4% | 2026-03-31 |
| 日本生命保険相互会社（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 | 6.6% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 4.7% | 2026-03-31 |
| みずほ信託銀行株式会社 退職給付信託 第一生命保険口再信託受託者 株式会社日本カストディ銀行 | Major shareholder | 2.1% | 2026-03-31 |
| 東京瓦斯グループ従業員持株会 | 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 | 2.0% | 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 | 1.5% | 2026-03-31 |
| JP MORGAN CHASE BANK 385781（常任代理人 株式会社みずほ銀行） | Major shareholder | 1.4% | 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 | 1.4% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505103（常任代理人 株式会社みずほ銀行） | Major shareholder | 1.4% | 2026-03-31 |

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

- Revenue for the FY ending Mar 2026 was ¥2.83T, up +7.5% from ¥2.64T.
- Operating income grew much faster, from ¥133.1B to ¥197.7B (+48.5%).
- Net income rose +205.8%, from ¥74.2B to ¥226.9B, helped by one-off gains on top of the core business.
- Operating cash flow also rose to ¥451.8B (+24.4%), and free cash flow came to ¥156.2B.

### Drivers

- Higher electricity sales volumes and higher selling prices in the North American shale gas business lifted revenue
- Operating costs rose with power procurement and personnel costs, but sales grew faster
- A one-off gain from releasing foreign currency translation adjustments outweighed impairment losses and boosted net income

### Risks

- The expanded US shale gas business makes earnings more sensitive to Henry Hub gas prices and exchange rates
- Most LNG is imported, so trouble at supplier countries, gas fields or shipping could disrupt supply and hurt results
- Unusual weather, such as a warm winter or a hot summer, changes gas and power sales, especially to households

Cited: Annual Securities Report (226th 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 (226th term) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第226期(2025/04/01－2026/03/31) | S100YH8W | 2026-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YH8W,, |
| 有価証券報告書－第225期(2024/04/01－2025/03/31) | S100W10L | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W10L,, |
| 有価証券報告書－第224期(2023/04/01－2024/03/31) | S100TUIH | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TUIH,, |
| 有価証券報告書－第223期(2022/04/01－2023/03/31) | S100R87L | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R87L,, |
| 有価証券報告書－第222期(令和3年4月1日－令和4年3月31日) | S100OJKI | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OJKI,, |
| 有価証券報告書－第221期(令和2年4月1日－令和3年3月31日) | S100LSTE | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LSTE,, |

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

| Partner | Type | Description | Source |
| --- | ---: | ---: | ---: |
| 神戸製鋼所 | Supply/OEM | 子会社コベルコパワー真岡が東京ガスへ電力を供給 | S100YCDA |

## 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).