Nousouken (TSE:3541) Gross Margin %: 43.98% (As of Feb. 2026) — 24% Below Median


TSE:3541 Nousouken Corp TSE:3541
45 GF Score
Price 円763.00
GF Value 円474.62
! 6 Warning Signs
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What is Nousouken Gross Margin %?

Nousouken TSE:3541 +0.13% 45 Gross Margin % is 43.98% as of Feb. 2026, which is 24% below its 10-year median of 57.86. GuruFocus rates TSE:3541 with a GF Score™ of 45/100 and a GF Value™ of 円474.62. The stock has 6 warning signs investors should review.

Gross Margin % is calculated as gross profit divided by its revenue. Nousouken's Gross Profit for the six months ended in Feb. 2026 was 円2,043 Mil. Nousouken's Revenue for the six months ended in Feb. 2026 was 円4,645 Mil. Therefore, Nousouken's Gross Margin % for the quarter that ended in Feb. 2026 was 43.98%.

Warning Sign:

Nousouken Corp gross margin has been in long-term decline. The average rate of decline per year is -4.4%.


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

TSE:3541' s Gross Margin % Range Over the Past 10 Years
Min: 45.15   Med: 57.86   Max: 84.45
Current: 45.15


During the past 11 years, the highest Gross Margin % of Nousouken was 84.45%. The lowest was 45.15%. And the median was 57.86%.

TSE:3541's Gross Margin % is not ranked
in the Retail - Defensive industry.
Industry Median: 24.08 vs TSE:3541: 45.15

Nousouken had a gross margin of 43.98% for the quarter that ended in Feb. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Nousouken was -4.40% per year.


Nousouken  (TSE:3541) 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

Nousouken had a gross margin of 43.98% for the quarter that ended in Feb. 2026 => 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.


Nousouken Gross Margin % Related Terms


Nousouken Gross Margin % Historical Data

* Premium members only.

The historical data trend for Nousouken'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.

Nousouken Gross Margin % Chart

Nousouken Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.23 54.41 51.42 46.69 46.20

Nousouken Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 47.28 46.13 45.95 46.45 43.98

TSE:3541 vs SYY, USFD, PFGC: Gross Margin % Comparison

For the Food Distribution subindustry, Nousouken'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.


Nousouken Gross Margin % vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Nousouken's Gross Margin % distribution charts can be found below:

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


TSE:3541
45GF Score
Nousouken Corp TSE:3541
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nousouken Gross Margin % Calculation

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

Nousouken's Gross Margin for the fiscal year that ended in Aug. 2025 is calculated as

Gross Margin % (A: Aug. 2025 )=Gross Profit (A: Aug. 2025 ) / Revenue (A: Aug. 2025 )
=3861.8 / 8358.514
=(Revenue - Cost of Goods Sold) / Revenue
=(8358.514 - 4496.704) / 8358.514
=46.20 %

Nousouken's Gross Margin for the quarter that ended in Feb. 2026 is calculated as


Gross Margin % (Q: Feb. 2026 )=Gross Profit (Q: Feb. 2026 ) / Revenue (Q: Feb. 2026 )
=2042.7 / 4644.905
=(Revenue - Cost of Goods Sold) / Revenue
=(4644.905 - 2602.226) / 4644.905
=43.98 %

* 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 43.98% mean?
Nousouken (TSE:3541) has a Gross Margin % of 43.98% as of Feb. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Nousouken and its competitors. This is 24% below median its historical median of 57.86. Over the past decade, Nousouken's Gross Margin % has ranged from 45.15 to 84.45.
Is Nousouken's Gross Margin % too high?
Nousouken's current Gross Margin % of 43.98% is 24% below median its 10-year median of 57.86. Over the past 10 years, this metric has ranged from a low of 45.15 to a high of 84.45. The Retail - Defensive industry median Gross Margin % is 24.08. Nousouken's value of 43.98% is 82.6% above this industry median. Overall, Nousouken has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Nousouken's Gross Margin % compare to SYY and USFD?
Nousouken's Gross Margin % of 43.98% can be compared against companies in the Retail - Defensive industry. The industry median Gross Margin % is 24.08. Nousouken's value of 43.98% is 82.6% above this benchmark. Historically, Nousouken's own Gross Margin % has ranged from 45.15 to 84.45 over the past decade. While the company's 10-year median is 57.86 vs. the industry median of 24.08, Nousouken 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 Retail - Defensive company?
The median Gross Margin % among Retail - Defensive companies is 24.08, based on 305 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. Nousouken's current Gross Margin % of 43.98% is 82.6% 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 Nousouken and its competitors. For the Retail - Defensive industry, the median Gross Margin % is 24.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nousouken's current Gross Margin % is 43.98%, which is 24% below median its own 10-year median of 57.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nousouken stock overvalued right now?
Nousouken (TSE:3541) has a current Gross Margin % of 43.98%. The stock's GF Value™ is 円474.62, compared to a current price of 円763.00 — trading 60.8% above its estimated fair value. The current Gross Margin % is 43.98%, which is 24% below median its 10-year median of 57.86 and 82.6% above the Retail - Defensive industry median of 24.08. Nousouken's overall GF Score™ is 45/100 with 6 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 Nousouken (TSE:3541), the current Gross Margin % is 43.98% as of Feb. 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 Nousouken (TSE:3541) Overvalued in 2026?

Based on GuruFocus' analysis, Nousouken stock appears to be overvalued. The current stock price of 円763.00 is trading 60.8% above its estimated GF Value™ of 円474.62.

Key valuation signals for TSE:3541:

  • Gross Margin %: 43.98% (24% below median its 10-year median of 57.86)
  • GF Value™: 円474.62 vs. price of 円763.00 (60.8% above fair value)
  • GF Score™: 45/100 with 6 warning signs
  • Industry Position: 82.6% above the Retail - Defensive median

No single metric tells the full story. See the TSE:3541 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nousouken Business Description

Address 99-12 Kuroda, 4th Floor, Teramoto Building II, Wakayama Prefecture, Wakayama, JPN, 640-8341
Nousouken Corp provides an agricultural product distribution platform that directly connects various collection points and logistics centers across Japan. The company's reportable segments are Farmers' Direct Sales and Direct Wholesale. Maximum revenue is generated from the Farmers' Direct sales segment, a distribution platform business that delivers and sells fresh agricultural produce collected at collection centers across the country to in-shops (farmers' direct sales stores) set up in urban supermarkets. The Direct Wholesale segment is a wholesale business in which the company purchases agricultural products directly from producers, brands them, and then wholesale them to supermarkets.
45GF Score

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

円763.00
Price
円474.62
GF Value