Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Hatena CoTSE:3930 -0.88%70 Gross Margin % is 86.76% as of Apr. 2026, which is 3% below its 10-year median of 89.53. GuruFocus rates TSE:3930 with a GF Score™ of 70/100 and a GF Value™ of 円775.66 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 497 Interactive Media companies, Hatena Co ranks better than 74.85% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Hatena Co's Gross Profit for the
three
months ended in Apr. 2026 was 円797 Mil. Hatena Co's Revenue for the
three
months ended in Apr. 2026 was 円919 Mil. Therefore, Hatena Co's Gross Margin % for the quarter that ended in Apr. 2026 was 86.76%.
Warning Sign:
Hatena Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.5%.
The historical rank and industry rank for Hatena Co's Gross Margin % or its related term are showing as below:
TSE:3930'
s Gross Margin % Range Over the Past 10 Years
Min: 81.98 Med: 89.53 Max: 92.63
Current: 86.07
During the past 11 years, the highestGross Margin % of Hatena Co was 92.63%. The lowest was 81.98%. And the median was 89.53%.
TSE:3930's Gross Margin % is ranked better than 74.85% of 497
companies
in the Interactive Media industry
Industry Median: 62.58
vs TSE:3930: 86.07
Hatena Co had a gross margin of 86.76% for the quarter that ended in Apr. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Hatena Co was -1.50% per year.
Hatena Co (TSE:3930) 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
Hatena Co had a gross margin of 86.76% for the quarter that ended in Apr. 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.
Hatena Co Gross Margin % Related Terms
Hatena Co Gross Margin % Historical Data
* Premium members only.
The historical data trend for Hatena 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.
TSE:3930 vs GOOGL, META, SPOT: Gross Margin % Comparison
For the Internet Content & Information subindustry, Hatena 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.
Hatena Co Gross Margin % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Hatena Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Hatena Co'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.
Hatena Co (TSE:3930) has a Gross Margin % of 86.76% as of Apr. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Hatena Co and its competitors. This is near median its historical median of 89.53. Over the past decade, Hatena Co's Gross Margin % has ranged from 81.98 to 92.63. According to the industry distribution chart, Hatena Co ranks #125 out of 497 companies in the Interactive Media industry, placing it in the top 25.2%.
Is Hatena Co's Gross Margin % too high?
Hatena Co's current Gross Margin % of 86.76% is near median its 10-year median of 89.53. Over the past 10 years, this metric has ranged from a low of 81.98 to a high of 92.63. The Interactive Media industry median Gross Margin % is 62.58. Hatena Co's value of 86.76% is 38.6% above this industry median. Based on the distribution chart, Hatena Co ranks #125 out of 497 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Hatena Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hatena Co's Gross Margin % compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Hatena Co ranks #125 out of 497 companies for Gross Margin %. This puts Hatena Co in the upper half of its industry. The industry median Gross Margin % is 62.58. Hatena Co's value of 86.76% is 38.6% above this benchmark. Historically, Hatena Co's own Gross Margin % has ranged from 81.98 to 92.63 over the past decade. While the company's 10-year median is 89.53 vs. the industry median of 62.58, Hatena 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 an Interactive Media company?
The median Gross Margin % among Interactive Media companies is 62.58, based on 497 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. Hatena Co's current Gross Margin % of 86.76% is 38.6% 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 Hatena Co and its competitors. For the Interactive Media industry, the median Gross Margin % is 62.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hatena Co's current Gross Margin % is 86.76%, which is near median its own 10-year median of 89.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hatena Co stock overvalued right now?
Based on GuruFocus' analysis, Hatena Co (TSE:3930) is currently considered Significantly Overvalued. The stock's GF Value™ is 円775.66, compared to a current price of 円1,130.00 — trading 45.7% above its estimated fair value. The current Gross Margin % is 86.76%, which is near median its 10-year median of 89.53 and 38.6% above the Interactive Media industry median of 62.58. Hatena Co's overall GF Score™ is 70/100 with 5 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 Hatena Co (TSE:3930), the current Gross Margin % is 86.76% as of Apr. 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 Hatena Co (TSE:3930) Overvalued in 2026?
Based on GuruFocus' analysis, Hatena Co stock appears to be overvalued.
The current stock price of 円1,130.00 is trading 45.7% above its estimated GF Value™ of 円775.66.
GuruFocus considers Hatena Co to be Significantly Overvalued.
Key valuation signals for TSE:3930:
Gross Margin %: 86.76% (near median its 10-year median of 89.53)
GF Value™: 円775.66 vs. price of 円1,130.00 (45.7% above fair value)
Industry Position: 38.6% above the Interactive Media median (#125 of 497)
No single metric tells the full story. See the TSE:3930 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hatena Co Ltd provides internet content platform services and content marketing services technology solutions. Its content platform services include the blog, bookmark services, and shared dictionary service.
70GF Score
Get the complete analysis for TSE:3930
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3930 has been successfully added to your 
