4536.T4536.TJPX
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R&D Expenses Over TimeStable
Percentile Rank64
3Y CAGR-3.0%
5Y CAGR+0.6%
Year-over-Year Change

Research and development spending

3Y CAGR
-3.0%/yr
vs +2.0%/yr prior
5Y CAGR
+0.6%/yr
Recent deceleration
Acceleration
-4.9pp
Decelerating
Percentile
P64
Within normal range
vs 5Y Ago
1x
Modest growth
Streak
2 yr
Consecutive declineStable
PeriodValueYoY Change
2025$24.10B-2.4%
2024$24.70B-12.7%
2023$28.30B+7.3%
2022$26.38B+9.4%
2021$24.11B+3.3%
2020$23.34B-1.8%
2019$23.76B-2.6%
2018$24.40B+7.1%
2017$22.79B+14.0%
2016$19.99B-