# YAMADA 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49期(2025/04/01－2026/03/31) (S100YJWD)
> Page: https://vizora.meequs.com/en/company/yamada-holdings
> Retrieved: 2026-09-30T23:08:34.918Z

## Company

Yamada Holdings, founded in 1978, is a company in Credit Cards & Consumer Credit listed on TSE Prime. It has 26,747 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | YAMADA HOLDINGS CO., LTD. |
| Ticker | 9831 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/9831.T) |
| Listing | TSE Prime |
| Head office | 群馬県高崎市栄町1番1号 |
| Representative (per filing) | 代表取締役会長兼CEO 山田 昇 |
| Founded | Jun 1978 |
| Share capital | ¥71.1B |
| Employees (consolidated) | 26,747 |
| Average salary (parent only) | ¥5.6M |
| Fiscal year end | March |
| Website | www.yamada-holdings.jp (https://www.yamada-holdings.jp/) |
| Corporate number | 4070001011201 |
| EDINET | E03139 |
| Industries (Vizora) | Credit Cards & Consumer Credit, Homebuilders, Housing Equipment & Building Materials, Electronics Retailers, Waste Management & Recycling |

> Profile source: annual securities report (S100YJWD, filed 2026-06-25). As of filing

## Five-axis industry profile

Primary industry: Electronics Retailers (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 26.9 | 13 |
| Profitability | 3.6 | 14 |
| Cash conversion | 96.4 | 14 |
| Efficiency | 17.9 | 14 |

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 78% of Yamada Holdings's sales come from Electrical Business, with Housing Business and Environmental Business making up much of the rest.
- Out of every ¥100 of sales, about ¥1 is left as operating profit.
- Revenue changed +3.9% from the prior year, operating profit -62.2%.

## Company structure

- Segment revenue mix: Electrical Business 78.1%、Housing Business 19.6%、Environmental Business 1.5%、Other 0.6%、Financial Business 0.2%
- Revenue → net income: ¥1691808000000 → ¥15578000000
- Net income → operating cash flow: ¥15578000000 → ¥49791000000（difference ¥34213000000）
- Main uses of operating cash flow: CapEx ¥44756000000 / dividends ¥9012000000 / buybacks ¥15431000000
- Change in cash: ¥-31278000000
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 | ¥1.69T |  |
| Operating income | ¥16.2B | Margin 1.0% |
| Net income | ¥14.8B | Margin 0.9% |
| Free cash flow | ¥5.04B |  |
| Largest business | Electrical Business | of segment revenue 78.1% |
| Employees (consolidated) | 26,747 |  |
| EPS | ¥47.02 |  |
| Diluted EPS | ¥46.65 |  |
| Book value per share | ¥367.17 |  |
| Equity ratio | 48.6% |  |
| Shares outstanding | 966,863,000 |  |
| Treasury shares | 302,422,800 |  |
| Shareholders | 395,102 |  |
| Average salary (parent only) | ¥5.6M | Filing company only |
| Cash ratio | 2.9% | Net cash -¥206.2B · Cash ÷ revenue 2.2% |
| Vs. industry median margin | -2.4 pp | Electronics Retailers |
| ROE | 2.4% | Derived from disclosed figures |
| ROA | 1.1% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 3.4× net income
- FY2026, buybacks were 1.7× dividends
- FY2026, one segment accounts for 64% of positive segment profit

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1752506000000 | ¥1691808000000 | -3.5% |
| Operating income | ¥92078000000 | ¥16166000000 | -82.4% |
| Operating margin | 5.3% | 1.0% | -4.3 pp |
| Employees | 24,300 people | 26,747 people | +10.1% |
| Cash and equivalents | ¥73760000000 | ¥37293000000 | -49.4% |

### 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 |
| --- | ---: |
| デンキセグメント → デンキセグメント | 78.1% |
| デンキセグメント → 事業再編・廃止 | 7.7% |
| 住建セグメント → 住建セグメント | 10.0% |
| 金融セグメント → 金融セグメント | 0.1% |
| 環境セグメント → 環境セグメント | 0.8% |
| その他 → その他 | 0.6% |
| その他 → 事業再編・廃止 | 2.7% |
| 新設・再編 → 住建セグメント | 9.5% |
| 新設・再編 → 金融セグメント | 0.1% |
| 新設・再編 → 環境セグメント | 0.7% |

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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Electrical Business | 5 years | -2.5% | ¥1321135000000 | 0.2% | 2 |
| Housing Business | 5 years | +13.5% | ¥330849000000 | 3.1% | 2 |
| Environmental Business | 5 years | +13.1% | ¥25794000000 | 7.3% | 2 |
| Other | 5 years | -29.5% | ¥10101000000 | 1.8% | 2 |
| Financial Business | 5 years | +21.7% | ¥3926000000 | 32.0% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 1,691,808 | 100.0% | S100YJWD |
| Cost of revenue | 1,250,160 | 73.9% | S100YJWD |
| Gross profit | 441,647 | 26.1% | S100YJWD |
| SG&A | 425,481 | 25.1% | S100YJWD |
| Operating income | 16,166 | 1.0% | S100YJWD |
| Ordinary income | 20,002 | 1.2% | S100YJWD |
| Pretax income | 24,269 | 1.4% | S100YJWD |
| Income tax | 8,691 | 0.5% | S100YJWD |
| Net income | 15,578 | 0.9% | S100YJWD |
| Net income attributable to owners | 14,778 | 0.9% | S100YJWD |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 74 |
| SG&A | 25 |
| Operating income | 1 |
| (Ref.) Net income | 1 |

### Margin funnel

Gross margin 26.1% → Operating margin 1.0% → Net margin 0.9%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +3.9%; Core profit growth: -62.2%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -16.16×
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 | 1,629,069 | 1,691,808 | 62,739 | +3.9% |
| Gross profit | 457,360 | 441,647 | -15,713 | -3.4% |
| Operating income | 42,821 | 16,166 | -26,655 | -62.2% |
| Net income attributable to owners | 26,912 | 14,778 | -12,134 | -45.1% |
| Operating cash flow | 51,566 | 49,791 | -1,775 | -3.4% |
| Free cash flow | 10,321 | 5,035 | -5,286 | -51.2% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 1,611,538 | 38,326 | 2.4% | 24,605 | 62,433 | 42,615 | S100LU4W |
| FY ending Mar 2021 | 1,752,506 | 92,078 | 5.3% | 51,798 | 122,281 | 98,990 | S100OKQC |
| FY ending Mar 2022 | 1,619,379 | 65,703 | 4.1% | 50,555 | 21,084 | -8,469 | S100R87T |
| FY ending Mar 2023 | 1,600,586 | 44,066 | 2.8% | 31,824 | 43,740 | 22,205 | S100TVEP |
| FY ending Mar 2024 | 1,592,009 | 41,489 | 2.6% | 24,055 | 54,559 | 28,217 | S100W6TF |
| FY ending Mar 2025 | 1,629,069 | 42,821 | 2.6% | 26,912 | 51,566 | 10,321 | S100YJWD |
| FY ending Mar 2026 | 1,691,808 | 16,166 | 1.0% | 14,778 | 49,791 | 5,035 | S100YJWD |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥63.3M |
| Operating income per employee (consolidated) | ¥604.4K |
| Net income per employee (consolidated) | ¥552.5K |

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) | 22,951 | 25,284 | 25,526 | 25,676 | 26,747 |
| Average salary (parent company) | ¥5.4M | ¥5.3M | ¥5.3M | ¥5.2M | ¥5.6M |
| Average age (parent company) | 44.5 years | 44.5 years | 45.1 years | 45.7 years | 46.9 years |
| Average tenure (parent company) | 12.8 years | 11.4 years | 12.1 years | 12.9 years | 14.1 years |

Year over year: Employees (consolidated) +4.2% · Revenue (consolidated) +3.9%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Electrical Business | 1,321,135 | 78.1% | 2,492 | 0.2% |
| Housing Business | 330,849 | 19.6% | 10,254 | 3.1% |
| Financial Business | 3,926 | 0.2% | 1,258 | 32.0% |
| Environmental Business | 25,794 | 1.5% | 1,871 | 7.3% |
| Other | 10,101 | 0.6% | 177 | 1.8% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Electrical Business | 78.1% | 15.5% | -62.6 | 0.2% |
| Housing Business | 19.6% | 63.9% | 44.3 | 3.1% |
| Financial Business | 0.2% | 7.8% | 7.6 | 32.0% |
| Environmental Business | 1.5% | 11.7% | 10.1 | 7.3% |
| Other | 0.6% | 1.1% | 0.5 | 1.8% |

Segment → industry: Financial Business → Credit Cards & Consumer Credit / Housing Business → Homebuilders / Housing Business → Housing Equipment & Building Materials / Electrical Business → Electronics Retailers / Environmental Business → Waste Management & Recycling

## 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 | 49,791 | 2.9% | S100YJWD |
| Capital expenditure | 44,756 | 2.6% | S100YJWD |
| Free cash flow | 5,035 | 0.3% | 算出 |
| Investing cash flow | -32,866 | -1.9% | S100YJWD |
| Financing cash flow | -48,211 | -2.8% | S100YJWD |
| Dividends paid | 9,012 | 0.5% | S100YJWD |
| Share buyback | 15,431 | 0.9% | S100YJWD |
| Change in cash | -31,278 | -1.8% | S100YJWD |
| Cash and equivalents | 37,293 | 2.2% | S100YJWD |

## 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 | 56,470 | 46,486 | 54,350 | 67,553 | 37,293 | S100TVEP, S100W6TF, S100YJWD |
| Total assets | 1,271,668 | 1,271,181 | 1,288,994 | 1,324,980 | 1,303,905 | S100R87T, S100TVEP, S100W6TF, S100YJWD |
| Net assets | 676,277 | 611,775 | 624,174 | 645,275 | 642,558 | S100TVEP, S100W6TF, S100YJWD |
| Share capital | 71,100 | 71,124 | 71,149 | 71,149 | 71,149 | S100R87T, S100TVEP, S100W6TF, S100YJWD |
| Property, plant and equipment | 437,490 | 439,569 | 438,876 | 454,713 | 469,848 | S100R87T, S100TVEP, S100W6TF, S100YJWD |
| Intangible assets excluding goodwill | 40,955 | 42,303 | 40,633 | 39,144 | 39,457 | S100R87T, S100TVEP, S100W6TF, S100YJWD |
| Goodwill | 2,359 | 3,246 | 2,723 | 1,966 | 2,589 | S100R87T, S100TVEP, S100W6TF, S100YJWD |
| Investment securities | 10,384 | 14,362 | 15,474 | 15,423 | 19,263 | S100R87T, S100TVEP, S100W6TF, S100YJWD |
| Current assets | 621,279 | 613,773 | 637,431 | 655,250 | 613,743 | S100R87T, S100TVEP, S100W6TF, S100YJWD |
| Current liabilities | 391,688 | 438,932 | 461,646 | 469,402 | 466,160 | S100R87T, S100TVEP, S100W6TF, S100YJWD |
| Trade payables | 94,564 | 90,632 | 99,024 | 84,529 | 87,345 | S100R87T, S100TVEP, S100W6TF, S100YJWD |
| Short-term borrowings | 60,755 | 122,725 | 131,566 | 150,093 | 148,560 | S100R87T, S100TVEP, S100W6TF, S100YJWD |
| Long-term borrowings | 111,111 | 124,739 | 108,197 | 110,321 | 94,865 | S100R87T, S100TVEP, S100W6TF, S100YJWD |
| Bonds | — | — | — | — | 30 | S100YJWD |
| Interest-bearing debt | — | — | — | — | 243,455 | 算出 |
| Total liabilities | 595,390 | 659,405 | 664,819 | 679,704 | 661,346 | S100R87T, S100TVEP, S100W6TF, S100YJWD |
| Non-controlling interests | 17,849 | 5,191 | 5,536 | 5,952 | 6,649 | S100R87T, S100TVEP, S100W6TF, S100YJWD |
| Equity attributable to owners of parent | 655,720 | 605,535 | 613,036 | 631,785 | 625,870 | S100R87T, S100TVEP, S100W6TF, S100YJWD |
| Retained earnings | 564,882 | 581,540 | 597,151 | 614,979 | 621,924 | S100R87T, S100TVEP, S100W6TF, S100YJWD |
| Treasury stock | -61,251 | -121,784 | -129,934 | -129,118 | -142,031 | S100R87T, S100TVEP, S100W6TF, S100YJWD |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 3% | S100YJWD |
| Property, plant and equipment | 36% | S100YJWD |
| Intangibles and goodwill | 3% | S100YJWD |
| Investment securities | 2% | S100YJWD |
| Other assets | 56% | S100YJWD |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 7% | S100YJWD |
| Interest-bearing debt | 19% | 算出 |
| Other liabilities | 25% | S100YJWD |
| Equity | 49% | S100YJWD |
| Other liabilities | 0% | S100YJWD |

### 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 | 1,271,668 | 1,271,181 | 1,288,994 | 1,324,980 | 1,303,905 |
| Equity | 676,277 | 611,775 | 624,174 | 645,275 | 642,558 |
| Interest-bearing debt | — | — | — | — | 243,455 |
| Cash | 56,470 | 46,486 | 54,350 | 67,553 | 37,293 |

## 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) | 27.8% | S100YJWD |
| Fixed assets ÷ total assets | 36.0% | S100YJWD |
| Goodwill ÷ parent equity | 0.4% | S100YJWD |

Goodwill over 4 years: 2,359 → 2,589 JPY; total investing cash flow: -137,394 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) | 2.9% |
| Cash ÷ revenue | 2.2% |
| Net cash (cash − interest-bearing debt) | -¥206.2B |
| Net debt ÷ operating cash flow | 4.14× |
| Cash conversion (operating CF ÷ operating income) | 308.0% |
| Cash vs. profit gap | 35,013 JPY mn (of net income 236.9%) |
| Shareholder returns / net income | 165.4% |
| Shareholder returns / FCF | 485.5% |
| Shareholder payments — dividends / net income | 61.0% |
| Shareholder payments — dividends / FCF | 179.0% |
| CapEx intensity (capex ÷ revenue) | 2.6% |
| Investing CF relative to operating CF | 66.0% |

## 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 | 3.1% | 1.27× | 4.0% | 1.94× | 7.7% | S100R87T |
| 2023 | 2.0% | 1.26× | 2.5% | 2.02× | 5.0% | S100TVEP |
| 2024 | 1.5% | 1.24× | 1.9% | 2.10× | 3.9% | S100W6TF |
| 2025 | 1.7% | 1.25× | 2.1% | 2.10× | 4.3% | S100YJWD |
| 2026 | 0.9% | 1.29× | 1.1% | 2.09× | 2.4% | S100YJWD |

## 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 | 11.3% | 2026-03-31 |
| 株式会社テックプランニング | Major shareholder | 9.8% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 4.9% | 2026-03-31 |
| ソフトバンク株式会社 | Major shareholder | 3.6% | 2026-03-31 |
| 山田 昇 | Major shareholder | 3.1% | 2026-03-31 |
| 公益財団法人山田昇記念財団 | Major shareholder | 2.4% | 2026-03-31 |
| 野村 絢 | Major shareholder | 2.2% | 2026-03-31 |
| 株式会社群馬銀行 | 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 株式会社みずほ銀行決済営業部） | Major shareholder | 1.7% | 2026-03-31 |
| ヤマダホールディングス従業員持株会 | 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 ¥1.69T, up +3.9% from ¥1.63T.
- Profit went the other way: gross profit slipped -3.4% to ¥441.6B, and operating income dropped -62.2% from ¥42.8B to ¥16.2B.
- Net income attributable to owners fell -45.1% to ¥14.8B, and free cash flow fell -51.2% to ¥5.04B.

### Drivers

- PCs and mobile phones sold strongly, and air conditioners did well on demand for energy-saving models and early replacements. In housing, delays in building and handing over homes caused by revised building laws were largely made up by year-end.
- The company cleared out inventory at discounted prices near year-end, which cut gross profit.
- In the Electrical Business, the cost of a stronger points program and lost sales from closing large stores weighed on profit. Rent, depreciation and staff costs for new large stores also pushed up SG&A.

### Risks

- Competition in electronics retail is fierce; if rivals cut prices, Yamada may have to follow.
- Seasonal goods such as air conditioners and heaters depend on the weather, so a cool summer or mild winter can hurt sales.
- The housing business is sensitive to interest rates, land prices and housing policy, and orders could fall sharply.

Cited: Annual Securities Report, 49th fiscal period (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, 49th fiscal period (Apr 2025 – Mar 2026) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第49期(2025/04/01－2026/03/31) | S100YJWD | 2026-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YJWD,, |
| 有価証券報告書－第48期(2024/04/01－2025/03/31) | S100W6TF | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W6TF,, |
| 有価証券報告書－第47期(2023/04/01－2024/03/31) | S100TVEP | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TVEP,, |
| 有価証券報告書－第46期(2022/04/01－2023/03/31) | S100R87T | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R87T,, |
| 有価証券報告書－第45期(令和3年4月1日－令和4年3月31日) | S100OKQC | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OKQC,, |
| 有価証券報告書－第44期(令和2年4月1日－令和3年3月31日) | S100LU4W | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LU4W,, |

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

| Partner | Type | Description | Source |
| --- | ---: | ---: | ---: |
| エディオン | Alliance | 対等統合を基本方針とする経営統合の協議・検討に関する基本合意書を締結 | S100YJWD |

## 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).