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D&ITSE:320A 18 Gross Margin % is 64.69% as of Dec. 2025, which is 4% below its 10-year median of 67.63. GuruFocus rates TSE:320A with a GF Score™ of 18/100. The stock has 2 warning signs investors should review.
Gross Margin % is calculated as gross profit divided by its revenue. D&I's Gross Profit for the
six
months ended in Dec. 2025 was 円251.0 Mil. D&I's Revenue for the
six
months ended in Dec. 2025 was 円388.1 Mil. Therefore, D&I's Gross Margin % for the quarter that ended in Dec. 2025 was 64.69%.
The historical rank and industry rank for D&I's Gross Margin % or its related term are showing as below:
TSE:320A'
s Gross Margin % Range Over the Past 10 Years
Min: 64.44 Med: 67.63 Max: 68.42
Current: 65.12
During the past 3 years, the highestGross Margin % of D&I was 68.42%. The lowest was 64.44%. And the median was 67.63%.
TSE:320A's Gross Margin % is not ranked
in the Conglomerates industry.
Industry Median: 25.98
vs TSE:320A: 65.12
D&I had a gross margin of 64.69% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for D&I was 0.00% per year.
D&I (TSE:320A) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
D&I had a gross margin of 64.69% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
D&I Gross Margin % Related Terms
D&I Gross Margin % Historical Data
* Premium members only.
The historical data trend for D&I's Gross Margin % 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.
D&I Gross Margin % Chart
D&I Annual Data
Trend
Jun23
Jun24
Jun25
Gross Margin %
68.42
67.63
64.44
D&I Semi-Annual Data
Jun23
Jun24
Dec24
Jun25
Dec25
Gross Margin %
0.00
0.00
63.27
65.57
64.69
TSE:320A vs HON, MMM: Gross Margin % Comparison
For the Conglomerates subindustry, D&I's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.
D&I Gross Margin % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, D&I's Gross Margin % distribution charts can be found below:
* The bar in red indicates where D&I's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
D&I (TSE:320A) has a Gross Margin % of 64.69% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on D&I and its competitors. This is near median its historical median of 67.63. Over the past decade, D&I's Gross Margin % has ranged from 64.44 to 68.42.
Is D&I's Gross Margin % too high?
D&I's current Gross Margin % of 64.69% is near median its 10-year median of 67.63. Over the past 10 years, this metric has ranged from a low of 64.44 to a high of 68.42. The Conglomerates industry median Gross Margin % is 25.98. D&I's value of 64.69% is 149% above this industry median. Overall, D&I has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does D&I's Gross Margin % compare to HON and MMM?
D&I's Gross Margin % of 64.69% can be compared against companies in the Conglomerates industry. The industry median Gross Margin % is 25.98. D&I's value of 64.69% is 149% above this benchmark. Historically, D&I's own Gross Margin % has ranged from 64.44 to 68.42 over the past decade. While the company's 10-year median is 67.63 vs. the industry median of 25.98, D&I has consistently been above 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 Gross Margin % for a Conglomerates company?
The median Gross Margin % among Conglomerates companies is 25.98, based on 515 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. D&I's current Gross Margin % of 64.69% is 149% above 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on D&I and its competitors. For the Conglomerates industry, the median Gross Margin % is 25.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D&I's current Gross Margin % is 64.69%, which is near median its own 10-year median of 67.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D&I stock overvalued right now?
D&I (TSE:320A) has a current Gross Margin % of 64.69%. The current Gross Margin % is 64.69%, which is near median its 10-year median of 67.63 and 149% above the Conglomerates industry median of 25.98. D&I's overall GF Score™ is 18/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For D&I (TSE:320A), the current Gross Margin % is 64.69% as of Dec. 2025. 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.
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