Aoyama Zaisan Networks Co (TSE:8929) Gross Margin %: 21.47% (As of Dec. 2025) — 15% Above Median


TSE:8929 Aoyama Zaisan Networks Co Ltd TSE:8929
88 GF Score
Price 円1,272.00
GF Value 円1,434.92
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Aoyama Zaisan Networks Co Gross Margin %?

Aoyama Zaisan Networks Co TSE:8929 -0.47% 88 Gross Margin % is 21.47% as of Dec. 2025, which is 15% above its 10-year median of 18.65. GuruFocus rates TSE:8929 with a GF Score™ of 88/100 and a GF Value™ of 円1,434.92 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,642 Real Estate companies, Aoyama Zaisan Networks Co ranks worse than 70.65% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Aoyama Zaisan Networks Co's Gross Profit for the three months ended in Dec. 2025 was 円1,646 Mil. Aoyama Zaisan Networks Co's Revenue for the three months ended in Dec. 2025 was 円7,666 Mil. Therefore, Aoyama Zaisan Networks Co's Gross Margin % for the quarter that ended in Dec. 2025 was 21.47%.


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

TSE:8929' s Gross Margin % Range Over the Past 10 Years
Min: 15.28   Med: 18.65   Max: 22.8
Current: 22.8


During the past 13 years, the highest Gross Margin % of Aoyama Zaisan Networks Co was 22.80%. The lowest was 15.28%. And the median was 18.65%.

TSE:8929's Gross Margin % is ranked worse than
70.65% of 1642 companies
in the Real Estate industry
Industry Median: 37 vs TSE:8929: 22.80

Aoyama Zaisan Networks Co had a gross margin of 21.47% for the quarter that ended in Dec. 2025 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Aoyama Zaisan Networks Co was -0.10% per year.


Aoyama Zaisan Networks Co  (TSE:8929) 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

Aoyama Zaisan Networks Co had a gross margin of 21.47% for the quarter that ended in Dec. 2025 => 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.


Aoyama Zaisan Networks Co Gross Margin % Related Terms


Aoyama Zaisan Networks Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Aoyama Zaisan Networks 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.

Aoyama Zaisan Networks Co Gross Margin % Chart

Aoyama Zaisan Networks Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.88 15.85 17.61 15.28 20.34

Aoyama Zaisan Networks Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 15.83 22.90 21.69 21.47 25.73

TSE:8929 vs CBRE, BEKE, JLL: Gross Margin % Comparison

For the Real Estate Services subindustry, Aoyama Zaisan Networks 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.


Aoyama Zaisan Networks Co Gross Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Aoyama Zaisan Networks Co's Gross Margin % distribution charts can be found below:

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


TSE:8929
88GF Score
Aoyama Zaisan Networks Co Ltd TSE:8929
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Aoyama Zaisan Networks Co Gross Margin % Calculation

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

Aoyama Zaisan Networks Co's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=8501 / 41785
=(Revenue - Cost of Goods Sold) / Revenue
=(41785 - 33284) / 41785
=20.34 %

Aoyama Zaisan Networks Co's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=1646 / 7666
=(Revenue - Cost of Goods Sold) / Revenue
=(7666 - 6020) / 7666
=21.47 %

* 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 21.47% mean?
Aoyama Zaisan Networks Co (TSE:8929) has a Gross Margin % of 21.47% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Aoyama Zaisan Networks Co and its competitors. This is 15% above median its historical median of 18.65. Over the past decade, Aoyama Zaisan Networks Co's Gross Margin % has ranged from 15.28 to 22.80. According to the industry distribution chart, Aoyama Zaisan Networks Co ranks #1160 out of 1642 companies in the Real Estate industry, placing it in the top 70.6%.
Is Aoyama Zaisan Networks Co's Gross Margin % too high?
Aoyama Zaisan Networks Co's current Gross Margin % of 21.47% is 15% above median its 10-year median of 18.65. Over the past 10 years, this metric has ranged from a low of 15.28 to a high of 22.80. The Real Estate industry median Gross Margin % is 37.00. Aoyama Zaisan Networks Co's value of 21.47% is 42% below this industry median. Based on the distribution chart, Aoyama Zaisan Networks Co ranks #1160 out of 1642 companies in the Real Estate industry, which is below the industry midpoint. Overall, Aoyama Zaisan Networks Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aoyama Zaisan Networks Co's Gross Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Aoyama Zaisan Networks Co ranks #1160 out of 1642 companies for Gross Margin %. This places Aoyama Zaisan Networks Co in the lower half of its industry. The industry median Gross Margin % is 37.00. Aoyama Zaisan Networks Co's value of 21.47% is 42% below this benchmark. Historically, Aoyama Zaisan Networks Co's own Gross Margin % has ranged from 15.28 to 22.80 over the past decade. While the company's 10-year median is 18.65 vs. the industry median of 37.00, Aoyama Zaisan Networks 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 a Real Estate company?
The median Gross Margin % among Real Estate companies is 37.00, based on 1,642 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. Aoyama Zaisan Networks Co's current Gross Margin % of 21.47% is 42% 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 Aoyama Zaisan Networks Co and its competitors. For the Real Estate industry, the median Gross Margin % is 37.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aoyama Zaisan Networks Co's current Gross Margin % is 21.47%, which is 15% above median its own 10-year median of 18.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aoyama Zaisan Networks Co stock overvalued right now?
Based on GuruFocus' analysis, Aoyama Zaisan Networks Co (TSE:8929) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,434.92, compared to a current price of 円1,272.00 — trading 11.4% below its estimated fair value. The current Gross Margin % is 21.47%, which is 15% above median its 10-year median of 18.65 and 42% below the Real Estate industry median of 37.00. Aoyama Zaisan Networks Co's overall GF Score™ is 88/100 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 Aoyama Zaisan Networks Co (TSE:8929), the current Gross Margin % is 21.47% as of Dec. 2025. 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 Aoyama Zaisan Networks Co (TSE:8929) Overvalued in 2026?

Based on GuruFocus' analysis, Aoyama Zaisan Networks Co stock appears to be undervalued. The current stock price of 円1,272.00 is trading 11.4% below its estimated GF Value™ of 円1,434.92. GuruFocus considers Aoyama Zaisan Networks Co to be Modestly Undervalued.

Key valuation signals for TSE:8929:

  • Gross Margin %: 21.47% (15% above median its 10-year median of 18.65)
  • GF Value™: 円1,434.92 vs. price of 円1,272.00 (11.4% below fair value)
  • GF Score™: 88/100 with 2 warning signs
  • Industry Position: 42% below the Real Estate median (#1160 of 1642)

No single metric tells the full story. See the TSE:8929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aoyama Zaisan Networks Co Business Description

Address 8-4-14 Akasaka, Aoyama Tower Place, 3rd floor, Minato-ku, Tokyo, JPN, 107 0052
Aoyama Zaisan Networks Co Ltd is engaged in the provision of consulting services of asset transferring, maintenance and operation, among others. It is also engaged in corporate finance consulting and real estate solutions consulting in Japan.
88GF Score

Get the complete analysis for TSE:8929

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

円1,272.00
Price
円1,434.92
GF Value