TOSE Co (TSE:4728) Gross Margin %: 26.38% (As of Feb. 2026) — Near Median


TSE:4728 TOSE Co Ltd TSE:4728
62 GF Score
Price 円645.00
GF Value 円862.55
Valuation Modestly Undervalued
! 2 Warning Signs
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What is TOSE Co Gross Margin %?

TOSE Co TSE:4728 +0.47% 62 Gross Margin % is 26.38% as of Feb. 2026, which is 9% above its 10-year median of 24.19. GuruFocus rates TSE:4728 with a GF Score™ of 62/100 and a GF Value™ of 円862.55 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 497 Interactive Media companies, TOSE Co ranks worse than 86.52% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. TOSE Co's Gross Profit for the six months ended in Feb. 2026 was 円912 Mil. TOSE Co's Revenue for the six months ended in Feb. 2026 was 円3,459 Mil. Therefore, TOSE Co's Gross Margin % for the quarter that ended in Feb. 2026 was 26.38%.

Warning Sign:

TOSE Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.4%.


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

TSE:4728' s Gross Margin % Range Over the Past 10 Years
Min: 11.22   Med: 24.19   Max: 27.01
Current: 26.37


During the past 13 years, the highest Gross Margin % of TOSE Co was 27.01%. The lowest was 11.22%. And the median was 24.19%.

TSE:4728's Gross Margin % is ranked worse than
86.52% of 497 companies
in the Interactive Media industry
Industry Median: 62.58 vs TSE:4728: 26.37

TOSE Co had a gross margin of 26.38% for the quarter that ended in Feb. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for TOSE Co was -2.40% per year.


TOSE Co  (TSE:4728) 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

TOSE Co had a gross margin of 26.38% for the quarter that ended in Feb. 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.


TOSE Co Gross Margin % Related Terms


TOSE Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for TOSE 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.

TOSE Co Gross Margin % Chart

TOSE Co 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 19.75 24.77 26.93 11.22 27.01

TOSE Co 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 3.36 17.30 27.72 26.36 26.38

TSE:4728 vs NTES, EA, TTWO: Gross Margin % Comparison

For the Electronic Gaming & Multimedia subindustry, TOSE 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.


TOSE Co Gross Margin % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, TOSE Co's Gross Margin % distribution charts can be found below:

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


TSE:4728
62GF Score
TOSE Co Ltd TSE:4728
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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TOSE Co Gross Margin % Calculation

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

TOSE Co'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 )
=1792.4 / 6636.289
=(Revenue - Cost of Goods Sold) / Revenue
=(6636.289 - 4843.889) / 6636.289
=27.01 %

TOSE Co'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 )
=912.3 / 3459.011
=(Revenue - Cost of Goods Sold) / Revenue
=(3459.011 - 2546.674) / 3459.011
=26.38 %

* 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 26.38% mean?
TOSE Co (TSE:4728) has a Gross Margin % of 26.38% as of Feb. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on TOSE Co and its competitors. This is near median its historical median of 24.19. Over the past decade, TOSE Co's Gross Margin % has ranged from 11.22 to 27.01. According to the industry distribution chart, TOSE Co ranks #430 out of 497 companies in the Interactive Media industry, placing it in the top 86.5%.
Is TOSE Co's Gross Margin % too high?
TOSE Co's current Gross Margin % of 26.38% is near median its 10-year median of 24.19. Over the past 10 years, this metric has ranged from a low of 11.22 to a high of 27.01. The Interactive Media industry median Gross Margin % is 62.58. TOSE Co's value of 26.38% is 57.8% below this industry median. Based on the distribution chart, TOSE Co ranks #430 out of 497 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, TOSE Co has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TOSE Co's Gross Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, TOSE Co ranks #430 out of 497 companies for Gross Margin %. This places TOSE Co in the lower half of its industry. The industry median Gross Margin % is 62.58. TOSE Co's value of 26.38% is 57.8% below this benchmark. Historically, TOSE Co's own Gross Margin % has ranged from 11.22 to 27.01 over the past decade. While the company's 10-year median is 24.19 vs. the industry median of 62.58, TOSE Co 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 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. TOSE Co's current Gross Margin % of 26.38% is 57.8% 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 TOSE 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. TOSE Co's current Gross Margin % is 26.38%, which is near median its own 10-year median of 24.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOSE Co stock overvalued right now?
Based on GuruFocus' analysis, TOSE Co (TSE:4728) is currently considered Modestly Undervalued. The stock's GF Value™ is 円862.55, compared to a current price of 円645.00 — trading 25.2% below its estimated fair value. The current Gross Margin % is 26.38%, which is near median its 10-year median of 24.19 and 57.8% below the Interactive Media industry median of 62.58. TOSE Co's overall GF Score™ is 62/100 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 TOSE Co (TSE:4728), the current Gross Margin % is 26.38% 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 TOSE Co (TSE:4728) Overvalued in 2026?

Based on GuruFocus' analysis, TOSE Co stock appears to be undervalued. The current stock price of 円645.00 is trading 25.2% below its estimated GF Value™ of 円862.55. GuruFocus considers TOSE Co to be Modestly Undervalued.

Key valuation signals for TSE:4728:

  • Gross Margin %: 26.38% (near median its 10-year median of 24.19)
  • GF Value™: 円862.55 vs. price of 円645.00 (25.2% below fair value)
  • GF Score™: 62/100 with 2 warning signs
  • Industry Position: 57.8% below the Interactive Media median (#430 of 497)

No single metric tells the full story. See the TSE:4728 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TOSE Co Business Description

Address Higasinotoindori Shijo Sagaru, Shimogyo-ku, Kyoto, JPN, 600-8091
TOSE Co Ltd is engaged in the planning, development and operation of game software and mobile contents. It is well known for the development of Nintendo's Mr. Game and Watch Gallery series, as well as working on several other Nintendo products.
62GF Score

Get the complete analysis for TSE:4728

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

円645.00
Price
円862.55
GF Value