CRI Middleware Co (TSE:3698) Days Payable: 9.40 (As of Mar. 2026) — 45% Below Median


TSE:3698 CRI Middleware Co Ltd TSE:3698
88 GF Score
Price 円1,202.00
GF Value 円1,145.47
Valuation Fairly Valued
! 1 Warning Sign
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What is CRI Middleware Co Days Payable?

CRI Middleware Co TSE:3698 +1.01% 88 Days Payable is 9.40 as of Mar. 2026, which is 45% below its 10-year median of 17.23. GuruFocus rates TSE:3698 with a GF Score™ of 88/100 and a GF Value™ of 円1,145.47 (Fairly Valued). The stock has 1 warning sign investors should review. Among 429 Interactive Media companies, CRI Middleware Co ranks worse than 92.07% on this metric.

CRI Middleware Co's average Accounts Payable for the six months ended in Mar. 2026 was 円34 Mil. CRI Middleware Co's Cost of Goods Sold for the six months ended in Mar. 2026 was 円668 Mil. Hence, CRI Middleware Co's Days Payable for the six months ended in Mar. 2026 was 9.40.

The historical rank and industry rank for CRI Middleware Co's Days Payable or its related term are showing as below:

TSE:3698' s Days Payable Range Over the Past 10 Years
Min: 5.93   Med: 17.23   Max: 28.26
Current: 10.27

During the past 13 years, CRI Middleware Co's highest Days Payable was 28.26. The lowest was 5.93. And the median was 17.23.

TSE:3698's Days Payable is ranked worse than
92.07% of 429 companies
in the Interactive Media industry
Industry Median: 65.69 vs TSE:3698: 10.27

CRI Middleware Co's Days Payable declined from Mar. 2025 (14.84) to Mar. 2026 (9.40). It may suggest that CRI Middleware Co accelerated paying its suppliers.


CRI Middleware Co Days Payable Historical Data

* Premium members only.

The historical data trend for CRI Middleware Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CRI Middleware Co Days Payable Chart

CRI Middleware Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.89 20.56 28.26 20.15 15.57

CRI Middleware Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.06 18.12 14.84 12.01 9.40

TSE:3698 vs NTES, EA, TTWO: Days Payable Comparison

For the Electronic Gaming & Multimedia subindustry, CRI Middleware Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CRI Middleware Co Days Payable vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CRI Middleware Co's Days Payable distribution charts can be found below:

* The bar in red indicates where CRI Middleware Co's Days Payable falls into.


TSE:3698
88GF Score
CRI Middleware Co Ltd TSE:3698
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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CRI Middleware Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

CRI Middleware Co's Days Payable for the fiscal year that ended in Sep. 2025 is calculated as

Days Payable (A: Sep. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2024 ) + Accounts Payable (A: Sep. 2025 )) / count ) / Cost of Goods Sold (A: Sep. 2025 )*Days in Period
=( (73.817 + 43.517) / 2 ) / 1375.02*365
=58.667 / 1375.02*365
=15.57

CRI Middleware Co's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (43.517 + 25.282) / 2 ) / 667.573*365 / 2
=34.3995 / 667.573*365 / 2
=9.40

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 9.40 mean?
CRI Middleware Co (TSE:3698) has a Days Payable of 9.40 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on CRI Middleware Co and its competitors. This is 45% below median its historical median of 17.23. Over the past decade, CRI Middleware Co's Days Payable has ranged from 5.93 to 28.26. According to the industry distribution chart, CRI Middleware Co ranks #395 out of 429 companies in the Interactive Media industry, placing it in the top 92.1%.
Is CRI Middleware Co's Days Payable too high?
CRI Middleware Co's current Days Payable of 9.40 is 45% below median its 10-year median of 17.23. Over the past 10 years, this metric has ranged from a low of 5.93 to a high of 28.26. The Interactive Media industry median Days Payable is 65.69. CRI Middleware Co's value of 9.40 is 85.7% below this industry median. Based on the distribution chart, CRI Middleware Co ranks #395 out of 429 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, CRI Middleware Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CRI Middleware Co's Days Payable compare to NTES and EA?
According to the Interactive Media industry distribution chart, CRI Middleware Co ranks #395 out of 429 companies for Days Payable. This places CRI Middleware Co in the lower half of its industry. The industry median Days Payable is 65.69. CRI Middleware Co's value of 9.40 is 85.7% below this benchmark. Historically, CRI Middleware Co's own Days Payable has ranged from 5.93 to 28.26 over the past decade. While the company's 10-year median is 17.23 vs. the industry median of 65.69, CRI Middleware Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Interactive Media company?
The median Days Payable among Interactive Media companies is 65.69, based on 429 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CRI Middleware Co's current Days Payable of 9.40 is 85.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on CRI Middleware Co and its competitors. For the Interactive Media industry, the median Days Payable is 65.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRI Middleware Co's current Days Payable is 9.40, which is 45% below median its own 10-year median of 17.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CRI Middleware Co stock overvalued right now?
Based on GuruFocus' analysis, CRI Middleware Co (TSE:3698) is currently considered Fairly Valued. The stock's GF Value™ is 円1,145.47, compared to a current price of 円1,202.00 — trading 4.9% above its estimated fair value. The current Days Payable is 9.40, which is 45% below median its 10-year median of 17.23 and 85.7% below the Interactive Media industry median of 65.69. CRI Middleware Co's overall GF Score™ is 88/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For CRI Middleware Co (TSE:3698), the current Days Payable is 9.40 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CRI Middleware Co (TSE:3698) Overvalued in 2026?

Based on GuruFocus' analysis, CRI Middleware Co stock appears to be overvalued. The current stock price of 円1,202.00 is trading 4.9% above its estimated GF Value™ of 円1,145.47. GuruFocus considers CRI Middleware Co to be Fairly Valued.

Key valuation signals for TSE:3698:

  • Days Payable: 9.40 (45% below median its 10-year median of 17.23)
  • GF Value™: 円1,145.47 vs. price of 円1,202.00 (4.9% above fair value)
  • GF Score™: 88/100 with 1 warning sign
  • Industry Position: 85.7% below the Interactive Media median (#395 of 429)

No single metric tells the full story. See the TSE:3698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CRI Middleware Co Business Description

Address 20-1 Sakuragaoka-cho, 11th Floor, Shibuya Info Tower, Shibuya-ku, Tokyo, JPN, 150-0031
CRI Middleware Co Ltd is a provider of audio and video solutions for the gaming industry. It is engaged in the research and development of voice, video and file systems. Further, it also provides sales and support of middleware products. Geographically, the activities are carried out through the region of Japan.
88GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,202.00
Price
円1,145.47
GF Value