Fuluhashi Epo (TSE:9221) Gross Margin %: 44.80% (As of Mar. 2026) — Near Median


TSE:9221 Fuluhashi Epo Corp TSE:9221
68 GF Score
Price 円1,170.00
GF Value 円1,147.89
Valuation Fairly Valued
! 3 Warning Signs
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What is Fuluhashi Epo Gross Margin %?

Fuluhashi Epo TSE:9221 +0.09% 68 Gross Margin % is 44.80% as of Mar. 2026, which is 1% above its 10-year median of 44.24. GuruFocus rates TSE:9221 with a GF Score™ of 68/100 and a GF Value™ of 円1,147.89 (Fairly Valued). The stock has 3 warning signs investors should review. Among 234 Waste Management companies, Fuluhashi Epo ranks better than 76.5% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Fuluhashi Epo's Gross Profit for the six months ended in Mar. 2026 was 円2,300 Mil. Fuluhashi Epo's Revenue for the six months ended in Mar. 2026 was 円5,134 Mil. Therefore, Fuluhashi Epo's Gross Margin % for the quarter that ended in Mar. 2026 was 44.80%.


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

TSE:9221' s Gross Margin % Range Over the Past 10 Years
Min: 41.13   Med: 44.24   Max: 46
Current: 44.27


During the past 7 years, the highest Gross Margin % of Fuluhashi Epo was 46.00%. The lowest was 41.13%. And the median was 44.24%.

TSE:9221's Gross Margin % is ranked better than
76.5% of 234 companies
in the Waste Management industry
Industry Median: 27.35 vs TSE:9221: 44.27

Fuluhashi Epo had a gross margin of 44.80% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Fuluhashi Epo was 1.50% per year.


Fuluhashi Epo  (TSE:9221) 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

Fuluhashi Epo had a gross margin of 44.80% for the quarter that ended in Mar. 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.


Fuluhashi Epo Gross Margin % Related Terms


Fuluhashi Epo Gross Margin % Historical Data

* Premium members only.

The historical data trend for Fuluhashi Epo'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.

Fuluhashi Epo Gross Margin % Chart

Fuluhashi Epo Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial 43.94 44.24 46.00 45.77 44.27

Fuluhashi Epo Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 45.41 44.63 46.82 43.72 44.80

TSE:9221 vs WM, RSG, WCN: Gross Margin % Comparison

For the Waste Management subindustry, Fuluhashi Epo'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.


Fuluhashi Epo Gross Margin % vs Waste Management Industry

For the Waste Management industry and Industrials sector, Fuluhashi Epo's Gross Margin % distribution charts can be found below:

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


TSE:9221
68GF Score
Fuluhashi Epo Corp TSE:9221
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Fuluhashi Epo Gross Margin % Calculation

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

Fuluhashi Epo'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 )
=4430.7 / 10007.983
=(Revenue - Cost of Goods Sold) / Revenue
=(10007.983 - 5577.247) / 10007.983
=44.27 %

Fuluhashi Epo'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 )
=2299.8 / 5134.113
=(Revenue - Cost of Goods Sold) / Revenue
=(5134.113 - 2834.281) / 5134.113
=44.80 %

* 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 44.80% mean?
Fuluhashi Epo (TSE:9221) has a Gross Margin % of 44.80% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Fuluhashi Epo and its competitors. This is near median its historical median of 44.24. Over the past decade, Fuluhashi Epo's Gross Margin % has ranged from 41.13 to 46.00. According to the industry distribution chart, Fuluhashi Epo ranks #55 out of 234 companies in the Waste Management industry, placing it in the top 23.5%.
Is Fuluhashi Epo's Gross Margin % too high?
Fuluhashi Epo's current Gross Margin % of 44.80% is near median its 10-year median of 44.24. Over the past 10 years, this metric has ranged from a low of 41.13 to a high of 46.00. The Waste Management industry median Gross Margin % is 27.35. Fuluhashi Epo's value of 44.80% is 63.8% above this industry median. Based on the distribution chart, Fuluhashi Epo ranks #55 out of 234 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Fuluhashi Epo has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fuluhashi Epo's Gross Margin % compare to WM and RSG?
According to the Waste Management industry distribution chart, Fuluhashi Epo ranks #55 out of 234 companies for Gross Margin %. This places Fuluhashi Epo in the top 24% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 27.35. Fuluhashi Epo's value of 44.80% is 63.8% above this benchmark. Historically, Fuluhashi Epo's own Gross Margin % has ranged from 41.13 to 46.00 over the past decade. While the company's 10-year median is 44.24 vs. the industry median of 27.35, Fuluhashi Epo 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 Waste Management company?
The median Gross Margin % among Waste Management companies is 27.35, based on 234 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. Fuluhashi Epo's current Gross Margin % of 44.80% is 63.8% 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 Fuluhashi Epo and its competitors. For the Waste Management industry, the median Gross Margin % is 27.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fuluhashi Epo's current Gross Margin % is 44.80%, which is near median its own 10-year median of 44.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuluhashi Epo stock overvalued right now?
Based on GuruFocus' analysis, Fuluhashi Epo (TSE:9221) is currently considered Fairly Valued. The stock's GF Value™ is 円1,147.89, compared to a current price of 円1,170.00 — trading 1.9% above its estimated fair value. The current Gross Margin % is 44.80%, which is near median its 10-year median of 44.24 and 63.8% above the Waste Management industry median of 27.35. Fuluhashi Epo's overall GF Score™ is 68/100 with 3 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 Fuluhashi Epo (TSE:9221), the current Gross Margin % is 44.80% 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.

Is Fuluhashi Epo (TSE:9221) Overvalued in 2026?

Based on GuruFocus' analysis, Fuluhashi Epo stock appears to be overvalued. The current stock price of 円1,170.00 is trading 1.9% above its estimated GF Value™ of 円1,147.89. GuruFocus considers Fuluhashi Epo to be Fairly Valued.

Key valuation signals for TSE:9221:

  • Gross Margin %: 44.80% (near median its 10-year median of 44.24)
  • GF Value™: 円1,147.89 vs. price of 円1,170.00 (1.9% above fair value)
  • GF Score™: 68/100 with 3 warning signs
  • Industry Position: 63.8% above the Waste Management median (#55 of 234)

No single metric tells the full story. See the TSE:9221 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fuluhashi Epo Business Description

Address 1-13-13 Kanayama, Kanayama Place, Naka-ku, Nagoya, JPN, 460-0022
Fuluhashi Epo Corp provides environmental solutions, such as recycling wood waste, selling recycled wood chips as fuel or raw material products, and recycling construction by-products generated at construction sites. In addition, it is involved in manufacturing and selling logistics equipment that takes into consideration the entire process from collection to recycling, and purchasing and selling used logistics equipment. The group's reportable segments are the biomaterials business and the resource recycling business. The majority of its revenue is generated from the biomaterials business, which is engaged in the contract processing of wood waste materials and the manufacture and sale of wood resource chips (raw material chips and fuel chips).
68GF Score

Get the complete analysis for TSE:9221

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

円1,170.00
Price
円1,147.89
GF Value