Satoh (TSE:9996) Gross Margin %: 22.00% (As of Mar. 2026) — Near Median


TSE:9996 Satoh & Co Ltd TSE:9996
79 GF Score
Price 円1,957.00
GF Value 円2,021.20
Valuation Fairly Valued
! 1 Warning Sign
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What is Satoh Gross Margin %?

Satoh TSE:9996 +0.36% 79 Gross Margin % is 22.00% as of Mar. 2026, which is 1% below its 10-year median of 22.12. GuruFocus rates TSE:9996 with a GF Score™ of 79/100 and a GF Value™ of 円2,021.20 (Fairly Valued). The stock has 1 warning sign investors should review. Among 303 Retail - Defensive companies, Satoh ranks worse than 58.09% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Satoh's Gross Profit for the six months ended in Mar. 2026 was 円5,719 Mil. Satoh's Revenue for the six months ended in Mar. 2026 was 円25,993 Mil. Therefore, Satoh's Gross Margin % for the quarter that ended in Mar. 2026 was 22.00%.


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

TSE:9996' s Gross Margin % Range Over the Past 10 Years
Min: 18.23   Med: 22.12   Max: 22.55
Current: 22.08


During the past 13 years, the highest Gross Margin % of Satoh was 22.55%. The lowest was 18.23%. And the median was 22.12%.

TSE:9996's Gross Margin % is ranked worse than
58.09% of 303 companies
in the Retail - Defensive industry
Industry Median: 24.08 vs TSE:9996: 22.08

Satoh had a gross margin of 22.00% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Satoh was -0.30% per year.


Satoh  (TSE:9996) 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

Satoh had a gross margin of 22.00% 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.


Satoh Gross Margin % Related Terms


Satoh Gross Margin % Historical Data

* Premium members only.

The historical data trend for Satoh'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.

Satoh Gross Margin % Chart

Satoh Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.55 22.30 22.15 22.32 22.08

Satoh Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 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 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 22.21 22.41 22.24 22.15 22.00

TSE:9996 vs SYY, USFD, PFGC: Gross Margin % Comparison

For the Food Distribution subindustry, Satoh'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.


Satoh Gross Margin % vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Satoh's Gross Margin % distribution charts can be found below:

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


TSE:9996
79GF Score
Satoh & Co Ltd TSE:9996
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Satoh Gross Margin % Calculation

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

Satoh'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 )
=11218.1 / 50813.755
=(Revenue - Cost of Goods Sold) / Revenue
=(50813.755 - 39595.647) / 50813.755
=22.08 %

Satoh'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 )
=5719.3 / 25992.58
=(Revenue - Cost of Goods Sold) / Revenue
=(25992.58 - 20273.261) / 25992.58
=22.00 %

* 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 22.00% mean?
Satoh (TSE:9996) has a Gross Margin % of 22.00% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Satoh and its competitors. This is near median its historical median of 22.12. Over the past decade, Satoh's Gross Margin % has ranged from 18.23 to 22.55. According to the industry distribution chart, Satoh ranks #176 out of 303 companies in the Retail - Defensive industry, placing it in the top 58.1%.
Is Satoh's Gross Margin % too high?
Satoh's current Gross Margin % of 22.00% is near median its 10-year median of 22.12. Over the past 10 years, this metric has ranged from a low of 18.23 to a high of 22.55. The Retail - Defensive industry median Gross Margin % is 24.08. Satoh's value of 22.00% is 8.6% below this industry median. Based on the distribution chart, Satoh ranks #176 out of 303 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Satoh has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Satoh's Gross Margin % compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Satoh ranks #176 out of 303 companies for Gross Margin %. This places Satoh in the lower half of its industry. The industry median Gross Margin % is 24.08. Satoh's value of 22.00% is 8.6% below this benchmark. Historically, Satoh's own Gross Margin % has ranged from 18.23 to 22.55 over the past decade. While the company's 10-year median is 22.12 vs. the industry median of 24.08, Satoh 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 Retail - Defensive company?
The median Gross Margin % among Retail - Defensive companies is 24.08, based on 303 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. Satoh's current Gross Margin % of 22.00% is 8.6% 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 Satoh and its competitors. For the Retail - Defensive industry, the median Gross Margin % is 24.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Satoh's current Gross Margin % is 22.00%, which is near median its own 10-year median of 22.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Satoh stock overvalued right now?
Based on GuruFocus' analysis, Satoh (TSE:9996) is currently considered Fairly Valued. The stock's GF Value™ is 円2,021.20, compared to a current price of 円1,957.00 — trading 3.2% below its estimated fair value. The current Gross Margin % is 22.00%, which is near median its 10-year median of 22.12 and 8.6% below the Retail - Defensive industry median of 24.08. Satoh's overall GF Score™ is 79/100 with 1 warning sign 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 Satoh (TSE:9996), the current Gross Margin % is 22.00% 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 Satoh (TSE:9996) Overvalued in 2026?

Based on GuruFocus' analysis, Satoh stock appears to be undervalued. The current stock price of 円1,957.00 is trading 3.2% below its estimated GF Value™ of 円2,021.20. GuruFocus considers Satoh to be Fairly Valued.

Key valuation signals for TSE:9996:

  • Gross Margin %: 22.00% (near median its 10-year median of 22.12)
  • GF Value™: 円2,021.20 vs. price of 円1,957.00 (3.2% below fair value)
  • GF Score™: 79/100 with 1 warning sign
  • Industry Position: 8.6% below the Retail - Defensive median (#176 of 303)

No single metric tells the full story. See the TSE:9996 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Satoh Business Description

Address 5-6-22 Ohgimachi Miyagino-ku, Miyagi Prefecture, Sendai, JPN, 983-8556
Satoh & Co Ltd is engaged in selling food products. The products of the company include Confectionery and bread making ingredients, School and industrial lunch supplies, Lunch box and catering supplies, Prepared food supplies, and Food service supplies for hotels, restaurants, and others.
79GF Score

Get the complete analysis for TSE:9996

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

円1,957.00
Price
円2,021.20
GF Value