Atsugi Co (TSE:3529) Gross Margin %: 29.34% (As of Mar. 2026) — Near Median


TSE:3529 Atsugi Co Ltd TSE:3529
49 GF Score
Price 円1,118.00
GF Value 円949.18
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Atsugi Co Gross Margin %?

Atsugi Co TSE:3529 -3.29% 49 Gross Margin % is 29.34% as of Mar. 2026, which is 5% below its 10-year median of 30.85. GuruFocus rates TSE:3529 with a GF Score™ of 49/100 and a GF Value™ of 円949.18 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,020 Manufacturing - Apparel & Accessories companies, Atsugi Co ranks better than 54.31% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Atsugi Co's Gross Profit for the six months ended in Mar. 2026 was 円3,314 Mil. Atsugi Co's Revenue for the six months ended in Mar. 2026 was 円11,296 Mil. Therefore, Atsugi Co's Gross Margin % for the quarter that ended in Mar. 2026 was 29.34%.


The historical rank and industry rank for Atsugi Co's Gross Margin % or its related term are showing as below:

TSE:3529' s Gross Margin % Range Over the Past 10 Years
Min: 22.76   Med: 30.85   Max: 32.77
Current: 31.07


During the past 13 years, the highest Gross Margin % of Atsugi Co was 32.77%. The lowest was 22.76%. And the median was 30.85%.

TSE:3529's Gross Margin % is ranked better than
54.31% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.51 vs TSE:3529: 31.07

Atsugi Co had a gross margin of 29.34% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Atsugi Co was 7.80% per year.


Atsugi Co  (TSE:3529) 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

Atsugi Co had a gross margin of 29.34% for the quarter that ended in Mar. 2026 => Competition eroding margins


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.


Atsugi Co Gross Margin % Related Terms


Atsugi Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Atsugi Co'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.

Atsugi Co Gross Margin % Chart

Atsugi Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.87 26.23 32.29 31.73 31.07

Atsugi Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Gross Margin % 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 32.79 31.93 31.54 32.99 29.34

TSE:3529 vs RL, LEVI, VFC: Gross Margin % Comparison

For the Apparel Manufacturing subindustry, Atsugi Co'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.


Atsugi Co Gross Margin % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Atsugi Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Atsugi Co's Gross Margin % falls into.


TSE:3529
49GF Score
Atsugi Co Ltd TSE:3529
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Atsugi Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Atsugi Co's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=6670 / 21469
=(Revenue - Cost of Goods Sold) / Revenue
=(21469 - 14799) / 21469
=31.07 %

Atsugi Co's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=3314 / 11296
=(Revenue - Cost of Goods Sold) / Revenue
=(11296 - 7982) / 11296
=29.34 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 29.34% mean?
Atsugi Co (TSE:3529) has a Gross Margin % of 29.34% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Atsugi Co and its competitors. This is near median its historical median of 30.85. Over the past decade, Atsugi Co's Gross Margin % has ranged from 22.76 to 32.77. According to the industry distribution chart, Atsugi Co ranks #466 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 45.7%.
Is Atsugi Co's Gross Margin % too high?
Atsugi Co's current Gross Margin % of 29.34% is near median its 10-year median of 30.85. Over the past 10 years, this metric has ranged from a low of 22.76 to a high of 32.77. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.51. Atsugi Co's value of 29.34% is 2.9% above this industry median. Based on the distribution chart, Atsugi Co ranks #466 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Atsugi Co has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atsugi Co's Gross Margin % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Atsugi Co ranks #466 out of 1020 companies for Gross Margin %. This puts Atsugi Co in the upper half of its industry. The industry median Gross Margin % is 28.51. Atsugi Co's value of 29.34% is 2.9% above this benchmark. Historically, Atsugi Co's own Gross Margin % has ranged from 22.76 to 32.77 over the past decade. While the company's 10-year median is 30.85 vs. the industry median of 28.51, Atsugi Co 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 Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.51, based on 1,020 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. Atsugi Co's current Gross Margin % of 29.34% is 2.9% 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 Atsugi Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atsugi Co's current Gross Margin % is 29.34%, which is near median its own 10-year median of 30.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atsugi Co stock overvalued right now?
Based on GuruFocus' analysis, Atsugi Co (TSE:3529) is currently considered Modestly Overvalued. The stock's GF Value™ is 円949.18, compared to a current price of 円1,118.00 — trading 17.8% above its estimated fair value. The current Gross Margin % is 29.34%, which is near median its 10-year median of 30.85 and 2.9% above the Manufacturing - Apparel & Accessories industry median of 28.51. Atsugi Co's overall GF Score™ is 49/100 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 Atsugi Co (TSE:3529), the current Gross Margin % is 29.34% 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 Atsugi Co (TSE:3529) Overvalued in 2026?

Based on GuruFocus' analysis, Atsugi Co stock appears to be overvalued. The current stock price of 円1,118.00 is trading 17.8% above its estimated GF Value™ of 円949.18. GuruFocus considers Atsugi Co to be Modestly Overvalued.

Key valuation signals for TSE:3529:

  • Gross Margin %: 29.34% (near median its 10-year median of 30.85)
  • GF Value™: 円949.18 vs. price of 円1,118.00 (17.8% above fair value)
  • GF Score™: 49/100 with 2 warning signs
  • Industry Position: 2.9% above the Manufacturing - Apparel & Accessories median (#466 of 1020)

No single metric tells the full story. See the TSE:3529 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Atsugi Co Business Description

Address 3-2 Otanikita 1-chome, Kanagawa Prefecture, Ebina City, JPN, 243-0493
Atsugi Co Ltd manufactures pantyhose, socks and lingerie products for women in Japan. The company also manufactures socks for elderly people.
49GF Score

Get the complete analysis for TSE:3529

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

円1,118.00
Price
円949.18
GF Value