F&F (TSE:357A) Gross Margin %: 23.14% (As of Mar. 2026) — Near Median

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TSE:357A F&F Inc TSE:357A
20 GF Score
Price 円6,240.00
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What is F&F Gross Margin %?

F&F TSE:357A 20 Gross Margin % is 23.14% as of Mar. 2026, which is 1% above its 10-year median of 22.88. GuruFocus rates TSE:357A with a GF Score™ of 20/100.

Gross Margin % is calculated as gross profit divided by its revenue. F&F's Gross Profit for the six months ended in Mar. 2026 was 円754 Mil. F&F's Revenue for the six months ended in Mar. 2026 was 円3,259 Mil. Therefore, F&F's Gross Margin % for the quarter that ended in Mar. 2026 was 23.14%.


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

TSE:357A' s Gross Margin % Range Over the Past 10 Years
Min: 22.29   Med: 22.88   Max: 23.6
Current: 22.88


During the past 3 years, the highest Gross Margin % of F&F was 23.60%. The lowest was 22.29%. And the median was 22.88%.

TSE:357A's Gross Margin % is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 40.075 vs TSE:357A: 22.88

F&F had a gross margin of 23.14% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for F&F was 0.00% per year.


F&F  (TSE:357A) 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

F&F had a gross margin of 23.14% 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.


F&F Gross Margin % Related Terms


F&F Gross Margin % Historical Data

* Premium members only.

The historical data trend for F&F'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.

F&F Gross Margin % Chart

F&F Annual Data
Trend Mar24 Mar25 Mar26
Gross Margin %
22.29 23.60 22.88

F&F Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Gross Margin % Get a 7-Day Free Trial 0.00 21.98 25.11 22.60 23.14

TSE:357A vs : Gross Margin % Comparison

For the Medical Care Facilities subindustry, F&F'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.


F&F Gross Margin % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, F&F's Gross Margin % distribution charts can be found below:

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


TSE:357A
20GF Score
F&F Inc TSE:357A
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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F&F Gross Margin % Calculation

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

F&F'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 )
=1437.7 / 6283.754
=(Revenue - Cost of Goods Sold) / Revenue
=(6283.754 - 4846.029) / 6283.754
=22.88 %

F&F'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 )
=754.1 / 3258.968
=(Revenue - Cost of Goods Sold) / Revenue
=(3258.968 - 2504.88) / 3258.968
=23.14 %

* 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 23.14% mean?
F&F (TSE:357A) has a Gross Margin % of 23.14% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on F&F and its competitors. This is near median its historical median of 22.88. Over the past decade, F&F's Gross Margin % has ranged from 22.29 to 23.60.
Is F&F's Gross Margin % too high?
F&F's current Gross Margin % of 23.14% is near median its 10-year median of 22.88. Over the past 10 years, this metric has ranged from a low of 22.29 to a high of 23.60. The Healthcare Providers & Services industry median Gross Margin % is 40.08. F&F's value of 23.14% is 42.3% below this industry median. Overall, F&F has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does F&F's Gross Margin % compare to ?
F&F's Gross Margin % of 23.14% can be compared against companies in the Healthcare Providers & Services industry. The industry median Gross Margin % is 40.08. F&F's value of 23.14% is 42.3% below this benchmark. Historically, F&F's own Gross Margin % has ranged from 22.29 to 23.60 over the past decade. While the company's 10-year median is 22.88 vs. the industry median of 40.08, F&F 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 Gross Margin % for a Healthcare Providers & Services company?
The median Gross Margin % among Healthcare Providers & Services companies is 40.08, based on 628 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. F&F's current Gross Margin % of 23.14% is 42.3% 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 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 F&F and its competitors. For the Healthcare Providers & Services industry, the median Gross Margin % is 40.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. F&F's current Gross Margin % is 23.14%, which is near median its own 10-year median of 22.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is F&F stock overvalued right now?
F&F (TSE:357A) has a current Gross Margin % of 23.14%. The current Gross Margin % is 23.14%, which is near median its 10-year median of 22.88 and 42.3% below the Healthcare Providers & Services industry median of 40.08. F&F's overall GF Score™ is 20/100. 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 F&F (TSE:357A), the current Gross Margin % is 23.14% 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.

F&F Business Description

Comparable Companies
Address 1479-4 Uekamicho, Tochigi Prefecture, Sano, JPN, 327-0832
F&F Inc is a company that creates pharmacies of the future through its insurance pharmacy business and healthcare system development. The services offered by the company are Health Check System, Insurance Pharmacy, Family pharmacist, Medical Mall, Home medical care, Business start-up support, and Nutritional and dietary advice.
20GF Score

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

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