4478.T4478.TJPX
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R&D Expenses Over TimeContracting
Percentile Rank43
3Y CAGR-24.5%
5Y CAGR+2.3%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
-24.5%/yr
vs +43.4%/yr prior
5Y CAGR
+2.3%/yr
Recent deceleration
Acceleration
-67.9pp
Decelerating
Percentile
P43
Within normal range
vs 5Y Ago
1.1x
Modest growth
Streak
2 yr
Consecutive declineContracting
PeriodValueYoY Change
TTM$2.95B-37.8%
2025$4.74B-43.2%
2024$8.35B+21.6%
2023$6.86B+89.7%
2022$3.62B+37.6%
2021$2.63B+34.3%
2020$1.96B+20.6%
2019$1.62B-