# TORAY INDUSTRIES,INC.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, IFRS
> Unit: JPY millions
> Sources: 有価証券報告書－第145期(2025/04/01－2026/03/31) (S100YFG9)
> Page: https://vizora.meequs.com/en/company/toray-industries
> Retrieved: 2026-09-30T19:50:13.563Z

## Company

Toray Industries, founded in 1926, is a company in Textiles & Fibers listed on TSE Prime. It has 46,294 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | TORAY INDUSTRIES, INC. |
| Ticker | 3402 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3402.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 大矢 光雄 |
| Founded | Jan 1926 |
| Share capital | ¥147.9B |
| Employees (consolidated) | 46,294 |
| Average salary (parent only) | ¥8.4M |
| Fiscal year end | March |
| Corporate number | 5010001034867 |
| EDINET | E00873 |
| Industries (Vizora) | Textiles & Fibers, Medical Devices, Chemicals, Pharmaceuticals, Waste Management & Recycling |

> Profile source: annual securities report (S100YFG9, filed 2026-06-22). As of filing

## Five-axis industry profile

Primary industry: Textiles & Fibers (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 75 | 14 |
| Profitability | 59.4 | 16 |
| Cash conversion | 79.2 | 12 |
| Efficiency | 65.6 | 16 |

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 Toray Industries's sales come from Fibers and textiles, with Performance Chemicals and Carbon fiber composite materials making up much of the rest.
- Out of every ¥100 of sales, about ¥4 is left as operating profit.
- Revenue changed +0.9% from the prior year, operating profit -23.7%.

## Company structure

- Segment revenue mix: Fibers and textiles 40.7%、Performance Chemicals 34.6%、Carbon fiber composite materials 11.6%、Environment and engineering 10.3%、Life science 2.0%
- Revenue → net income: ¥2585077000000 → ¥89436000000
- Net income → operating cash flow: ¥89436000000 → ¥211763000000（difference ¥122327000000）
- Main uses of operating cash flow: CapEx ¥146501000000 / dividends ¥29127000000 / buybacks ¥111697000000
- Change in cash: ¥28000000000
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 | ¥97.2B | Margin 3.8% |
| Net income | ¥79.5B | Margin 3.1% |
| Free cash flow | ¥65.3B |  |
| Largest business | Fibers and textiles | of segment revenue 40.7% |
| Employees (consolidated) | 46,294 |  |
| EPS | ¥52.96 |  |
| Diluted EPS | ¥52.87 |  |
| Book value per share | ¥553.39 |  |
| Equity ratio | 51.8% | Derived from disclosed figures |
| Shares outstanding | 1,504,481,000 |  |
| Treasury shares | 47,522,800 |  |
| Shareholders | 163,002 |  |
| Average salary (parent only) | ¥8.4M | Filing company only |
| Cash ratio | 7.6% | Cash ÷ revenue 10.3% |
| Vs. industry median margin | +0.4 pp | Textiles & Fibers |
| ROE | 4.5% | Derived from disclosed figures |
| ROA | 2.3% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 3.8× dividends
- FY2026, operating cash flow is 2.7× net income

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1883600000000 | ¥2585077000000 | +37.2% |
| Operating income | ¥55879000000 | ¥97221000000 | +74.0% |
| Operating margin | 3.0% | 3.8% | +0.8 pp |
| Employees | 46,267 people | 46,294 people | +0.1% |
| Cash and equivalents | ¥236354000000 | ¥265295000000 | +12.2% |

### 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 |
| --- | ---: |
| 繊維事業 → 繊維事業 | 38.2% |
| 機能化成品事業 → 機能化成品事業 | 34.6% |
| 機能化成品事業 → 事業再編・廃止 | 3.6% |
| 炭素繊維複合材料事業 → 炭素繊維複合材料事業 | 9.7% |
| 環境・エンジニアリング事業 → 環境・エンジニアリング事業 | 10.3% |
| ライフサイエンス事業 → ライフサイエンス事業 | 2.0% |
| ライフサイエンス事業 → 事業再編・廃止 | 0.8% |
| その他 → その他 | 0.8% |
| 新設・再編 → 繊維事業 | 2.5% |
| 新設・再編 → 炭素繊維複合材料事業 | 1.9% |
| 新設・再編 → 環境・エンジニアリング事業 | 0.1% |
| 新設・再編 → その他 | 0.0% |

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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Fibers and textiles | 5 years | +7.9% | ¥1051102000000 | 6.5% | 2 |
| Performance Chemicals | 5 years | +4.4% | ¥894423000000 | 6.3% | 2 |
| Carbon fiber composite materials | 5 years | +10.4% | ¥300071000000 | 5.9% | 2 |
| Environment and engineering | 5 years | +6.6% | ¥266898000000 | 10.8% | 2 |
| Life science | 5 years | -0.2% | ¥52424000000 | -0.2% | 2 |
| Other | 5 years | +6.7% | ¥20159000000 | 12.2% | 2 |

## Income statement（FY ending Mar 2026, consolidated, IFRS）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 2,585,077 | 100.0% | S100YFG9 |
| Cost of revenue | 2,065,029 | 79.9% | S100YFG9 |
| Gross profit | 520,048 | 20.1% | S100YFG9 |
| SG&A | 381,361 | 14.8% | S100YFG9 |
| Operating income | 97,221 | 3.8% | S100YFG9 |
| Pretax income | 107,599 | 4.2% | S100YFG9 |
| Income tax | 18,163 | 0.7% | S100YFG9 |
| Net income | 89,436 | 3.5% | S100YFG9 |
| Net income attributable to owners | 79,521 | 3.1% | S100YFG9 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 80 |
| SG&A | 15 |
| Other operating | 1 |
| Operating income | 4 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 20.1% → Operating margin 3.8% → Net margin 3.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +0.9%; Core profit growth: -23.7%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -27.89×
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 | 2,563,280 | 2,585,077 | 21,797 | +0.9% |
| Gross profit | 505,895 | 520,048 | 14,153 | +2.8% |
| Operating income | 127,453 | 97,221 | -30,232 | -23.7% |
| Net income attributable to owners | 77,911 | 79,521 | 1,610 | +2.1% |
| Operating cash flow | 255,033 | 211,763 | -43,270 | -17.0% |
| Free cash flow | 75,785 | 65,262 | -10,523 | -13.9% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 2,091,166 | 114,700 | 5.5% | 84,230 | 238,262 | 97,524 | S100LLB7 |
| FY ending Mar 2021 | 1,883,600 | 55,879 | 3.0% | 45,794 | 211,591 | 89,108 | S100OCUC |
| FY ending Mar 2022 | 2,228,523 | 100,565 | 4.5% | 84,235 | 138,286 | 46,091 | S100R32F |
| FY ending Mar 2023 | 2,489,330 | 109,001 | 4.4% | 72,823 | 145,213 | 42,997 | S100TPXK |
| FY ending Mar 2024 | 2,464,596 | 57,651 | 2.3% | 21,897 | 185,680 | 51,550 | S100W2HQ |
| FY ending Mar 2025 | 2,563,280 | 127,453 | 5.0% | 77,911 | 255,033 | 75,785 | S100YFG9 |
| FY ending Mar 2026 | 2,585,077 | 97,221 | 3.8% | 79,521 | 211,763 | 65,262 | S100YFG9 |

## People and productivity（FY ending Mar 2026, consolidated, IFRS）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥55.8M |
| Operating income per employee (consolidated) | ¥2.1M |
| Net income per employee (consolidated) | ¥1.7M |

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) | 48,842 | 48,682 | 48,140 | 47,914 | 46,294 |
| Average salary (parent company) | ¥7.3M | ¥7.6M | ¥7.7M | ¥8.2M | ¥8.4M |
| Average age (parent company) | 39.7 years | 40.3 years | 40.7 years | 40.8 years | 40.8 years |
| Average tenure (parent company) | 16.6 years | 17.2 years | 17.4 years | 17.4 years | 17.4 years |

Year over year: Employees (consolidated) -3.4% · Revenue (consolidated) +0.9%

## Segments（FY ending Mar 2026, consolidated, IFRS、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Fibers and textiles | 1,051,102 | 40.7% | 68,041 | 6.5% |
| Performance Chemicals | 894,423 | 34.6% | 56,285 | 6.3% |
| Carbon fiber composite materials | 300,071 | 11.6% | 17,640 | 5.9% |
| Environment and engineering | 266,898 | 10.3% | 28,824 | 10.8% |
| Life science | 52,424 | 2.0% | -114 | -0.2% |
| Other | 20,159 | 0.8% | 2,466 | 12.2% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Fibers and textiles | 40.7% | 39.3% | -1.4 | 6.5% |
| Performance Chemicals | 34.6% | 32.5% | -2.1 | 6.3% |
| Carbon fiber composite materials | 11.6% | 10.2% | -1.4 | 5.9% |
| Environment and engineering | 10.3% | 16.6% | 6.3 | 10.8% |
| Life science | 2.0% | — | — | -0.2% |
| Other | 0.8% | 1.4% | 0.6 | 12.2% |

Loss-making segment (excluded from profit shares): Life science -114 JPY mn

Segment → industry: Carbon fiber composite materials → Textiles & Fibers / Fibers and textiles → Textiles & Fibers / Life science → Medical Devices / Performance Chemicals → Chemicals / Life science → Pharmaceuticals / Environment and engineering → Waste Management & Recycling

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, IFRS）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 211,763 | 8.2% | S100YFG9 |
| Capital expenditure | 146,501 | 5.7% | S100YFG9 |
| Free cash flow | 65,262 | 2.5% | 算出 |
| Investing cash flow | -66,935 | -2.6% | S100YFG9 |
| Financing cash flow | -128,996 | -5.0% | S100YFG9 |
| Dividends paid | 29,127 | 1.1% | S100YFG9 |
| Share buyback | 111,697 | 4.3% | S100YFG9 |
| Change in cash | 28,000 | 1.1% | S100YFG9 |
| Cash and equivalents | 265,295 | 10.3% | S100YFG9 |

## 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 | 229,301 | 223,995 | 235,887 | 237,295 | 265,295 | S100R32F, S100W2HQ, S100YFG9 |
| Total assets | 3,043,881 | 3,194,041 | 3,466,518 | 3,292,597 | 3,476,976 | S100R32F, S100TPXK, S100W2HQ, S100YFG9 |
| Net assets | 1,499,649 | 1,635,810 | 1,846,362 | 1,820,572 | 1,927,836 | S100TPXK, S100W2HQ, S100YFG9 |
| Share capital | 147,873 | 147,873 | 147,873 | 147,873 | 147,873 | S100R32F, S100TPXK, S100W2HQ, S100YFG9 |
| Property, plant and equipment | 990,733 | 1,007,843 | 1,081,115 | 1,109,588 | 1,175,896 | S100R32F, S100TPXK, S100W2HQ, S100YFG9 |
| Goodwill | 88,122 | 95,451 | 95,996 | 94,643 | 100,809 | S100R32F, S100TPXK, S100W2HQ, S100YFG9 |
| Current assets | 1,373,236 | 1,429,279 | 1,522,640 | 1,461,988 | 1,528,959 | S100R32F, S100TPXK, S100W2HQ, S100YFG9 |
| Total liabilities | 1,544,232 | 1,558,231 | 1,620,156 | 1,472,025 | 1,549,140 | S100R32F, S100TPXK, S100W2HQ, S100YFG9 |
| Equity attributable to owners of parent | 1,405,591 | 1,535,028 | 1,736,034 | 1,708,984 | 1,800,058 | S100R32F, S100TPXK, S100W2HQ, S100YFG9 |
| Retained earnings | 978,980 | 1,037,120 | 1,068,364 | 1,170,508 | 1,161,871 | S100R32F, S100TPXK, S100W2HQ, S100YFG9 |
| Treasury stock | -19,813 | -19,617 | -19,220 | -57,240 | -52,485 | S100R32F, S100TPXK, S100W2HQ, S100YFG9 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 7% | S100YFG9 |
| Property, plant and equipment | 34% | S100YFG9 |
| Intangibles and goodwill | 3% | — |
| Other assets | 56% | S100YFG9 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 45% | S100YFG9 |
| Equity | 55% | S100YFG9 |

### 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 | 3,043,881 | 3,194,041 | 3,466,518 | 3,292,597 | 3,476,976 |
| Equity | 1,499,649 | 1,635,810 | 1,846,362 | 1,820,572 | 1,927,836 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 229,301 | 223,995 | 235,887 | 237,295 | 265,295 |

## 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) | 45.5% | S100YFG9 |
| Fixed assets ÷ total assets | 33.8% | S100YFG9 |
| Goodwill ÷ parent equity | 5.6% | S100YFG9 |

Goodwill over 4 years: 88,122 → 100,809 JPY; total investing cash flow: -411,022 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) | 7.6% |
| Cash ÷ revenue | 10.3% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 217.8% |
| Cash vs. profit gap | 132,242 JPY mn (of net income 166.3%) |
| Shareholder returns / net income | 177.1% |
| Shareholder returns / FCF | 215.8% |
| Shareholder payments — dividends / net income | 36.6% |
| Shareholder payments — dividends / FCF | 44.6% |
| CapEx intensity (capex ÷ revenue) | 5.7% |
| Investing CF relative to operating CF | 31.6% |

## 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 | 3.8% | 0.73× | 2.8% | 2.17× | 6.0% | S100R32F |
| 2023 | 2.9% | 0.80× | 2.3% | 2.12× | 5.0% | S100TPXK |
| 2024 | 0.9% | 0.74× | 0.7% | 2.04× | 1.3% | S100W2HQ |
| 2025 | 3.0% | 0.76× | 2.3% | 1.96× | 4.5% | S100YFG9 |
| 2026 | 3.1% | 0.76× | 2.3% | 1.93× | 4.5% | S100YFG9 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行㈱(信託口) | Major shareholder | 14.8% | 2026-03-31 |
| ㈱日本カストディ銀行(信託口) | Major shareholder | 7.3% | 2026-03-31 |
| 日本生命保険(相) | Major shareholder | 4.9% | 2026-03-31 |
| 大樹生命保険㈱ | Major shareholder | 2.5% | 2026-03-31 |
| 全国共済農業協同組合連合会 | Major shareholder | 1.8% | 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 ㈱みずほ銀行決済営業部) | Major shareholder | 1.7% | 2026-03-31 |
| ㈱三井住友銀行 | Major shareholder | 1.7% | 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 505025 (常任代理人 ㈱みずほ銀行決済営業部) | Major shareholder | 1.6% | 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 505301 (常任代理人 ㈱みずほ銀行決済営業部) | Major shareholder | 1.5% | 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 ㈱みずほ銀行決済営業部) | 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 ¥2.59T, almost unchanged at +0.9%.
- Operating income dropped 23.7%, from ¥127.5B to ¥97.2B.
- Net income attributable to owners still rose 2.1% to ¥79.5B.
- Operating cash flow fell 17.0% to ¥211.8B.

### Drivers

- The main reason for the fall in operating income was an impairment loss on the battery separator film business of a Korean subsidiary.
- Sales volumes grew for carbon fiber used in aerospace and for reverse osmosis membranes sold to the Middle East.
- Carbon fiber profit fell as price competition intensified and industrial uses such as pressure vessels and wind turbine blades were slow to recover.
- Performance Chemicals had lower sales and profit, hit by weak demand for automotive plastics and a slump in display panel demand in China.

### Risks

- Economic and market swings can sharply change demand from certain customers or uses and push prices down.
- Export and import controls, higher tariffs and unstable supply chains could make it harder to secure materials or sell products.
- Currency moves change the yen value of overseas subsidiaries' results.

Cited: Annual Securities Report (145th fiscal 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 (145th fiscal term) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第145期(2025/04/01－2026/03/31) | S100YFG9 | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YFG9,, |
| 有価証券報告書－第144期(2024/04/01－2025/03/31) | S100W2HQ | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W2HQ,, |
| 有価証券報告書－第143期(2023/04/01－2024/03/31) | S100TPXK | 2024-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TPXK,, |
| 有価証券報告書－第142期(2022/04/01－2023/03/31) | S100R32F | 2023-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R32F,, |
| 有価証券報告書－第141期(令和3年4月1日－令和4年3月31日) | S100OCUC | 2022-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OCUC,, |
| 有価証券報告書－第140期(令和2年4月1日－令和3年3月31日) | S100LLB7 | 2021-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LLB7,, |

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

| Partner | Type | Description | Source |
| --- | ---: | ---: | ---: |
| Dow Silicones Corp. | Joint venture | シリコーン製品を製造・販売する合弁会社（ダウ・東レ）の運営 | S100YFG9 |
| メタウォーター | Joint venture | 水処理設備を製造・販売する合弁会社（水道機工）の運営 | S100YFG9 |
| Boeing Co. | Supply/OEM | 東レ側（Toray Composite Materials America）が Boeing に炭素繊維複合材料を供給 | S100YFG9 |
| 塩野義製薬 | Co-development | 経口そう痒症改善剤レミッチの共同開発及び販売権に関する契約 | S100YFG9 |
| 鳥居薬品㈱ | Co-development | レミッチの共同開発及び販売権に関する契約の相手先（塩野義製薬と並ぶ） | S100YFG9 |

## 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).