4554.T4554.TJPX
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R&D Expenses Over TimeStrong
Percentile Rank93
3Y CAGR+10.4%
5Y CAGR+1.8%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
+10.4%/yr
vs +9.0%/yr prior
5Y CAGR
+1.8%/yr
Recent acceleration
Acceleration
+1.4pp
Accelerating
Percentile
P93
Near historical high
vs 5Y Ago
1.1x
Modest growth
Streak
1 yr
Consecutive declineStrong
PeriodValueYoY Change
2025$3.34B-1.7%
2024$3.40B+6.8%
2023$3.18B+28.1%
2022$2.48B+1.6%
2021$2.45B-20.1%
2020$3.06B+49.1%
2019$2.05B+16.6%
2018$1.76B-3.6%
2017$1.82B-0.8%
2016$1.84B-