Minato Holdings (TSE:6862) Interest Coverage: 46.76 (As of Mar. 2026) — 276% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:6862 Minato Holdings Inc TSE:6862
85 GF Score
Price 円2,009.00
GF Value 円1,652.07
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Minato Holdings Interest Coverage?

Minato Holdings TSE:6862 +1.67% 85 Interest Coverage is 46.76 as of Mar. 2026, which is 276% above its 10-year median of 12.42. GuruFocus rates TSE:6862 with a GF Score™ of 85/100 and a GF Value™ of 円1,652.07 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,678 Hardware companies, Minato Holdings ranks better than 66.87% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Minato Holdings's Operating Income for the six months ended in Mar. 2026 was 円3,533 Mil. Minato Holdings's Interest Expense for the six months ended in Mar. 2026 was 円-76 Mil. Minato Holdings's interest coverage for the quarter that ended in Mar. 2026 was 46.76. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Minato Holdings's Interest Coverage or its related term are showing as below:

TSE:6862' s Interest Coverage Range Over the Past 10 Years
Min: 3.56   Med: 12.42   Max: 41.48
Current: 34.43


TSE:6862's Interest Coverage is ranked better than
66.87% of 1678 companies
in the Hardware industry
Industry Median: 13.645 vs TSE:6862: 34.43

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Minato Holdings  (TSE:6862) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Minato Holdings Interest Coverage Related Terms


Minato Holdings Interest Coverage Historical Data

* Premium members only.

The historical data trend for Minato Holdings's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Minato Holdings Interest Coverage Chart

Minato Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.58 23.69 41.48 12.00 34.43

Minato Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Interest Coverage 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 21.23 18.26 7.85 14.78 46.76

TSE:6862 vs SNDK, DELL, STX: Interest Coverage Comparison

For the Computer Hardware subindustry, Minato Holdings's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.


Minato Holdings Interest Coverage vs Hardware Industry

For the Hardware industry and Technology sector, Minato Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Minato Holdings's Interest Coverage falls into.


TSE:6862
85GF Score
Minato Holdings Inc TSE:6862
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Minato Holdings Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Minato Holdings's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Minato Holdings's Interest Expense was 円-123 Mil. Its Operating Income was 円4,233 Mil. And its Long-Term Debt & Capital Lease Obligation was 円2,724 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*4232.814/-122.939
=34.43

Minato Holdings's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Minato Holdings's Interest Expense was 円-76 Mil. Its Operating Income was 円3,533 Mil. And its Long-Term Debt & Capital Lease Obligation was 円2,724 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*3532.601/-75.549
=46.76

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 46.76 mean?
Minato Holdings (TSE:6862) has a Interest Coverage of 46.76 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Minato Holdings and its competitors. This is 276% above median its historical median of 12.42. Over the past decade, Minato Holdings' Interest Coverage has ranged from 3.56 to 41.48. According to the industry distribution chart, Minato Holdings ranks #556 out of 1678 companies in the Hardware industry, placing it in the top 33.1%.
Is Minato Holdings' Interest Coverage too high?
Minato Holdings' current Interest Coverage of 46.76 is 276% above median its 10-year median of 12.42. Over the past 10 years, this metric has ranged from a low of 3.56 to a high of 41.48. The Hardware industry median Interest Coverage is 13.65. Minato Holdings' value of 46.76 is 242.7% above this industry median. Based on the distribution chart, Minato Holdings ranks #556 out of 1678 companies in the Hardware industry, which is above the industry midpoint. Overall, Minato Holdings has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Minato Holdings' Interest Coverage compare to SNDK and DELL?
According to the Hardware industry distribution chart, Minato Holdings ranks #556 out of 1678 companies for Interest Coverage. This puts Minato Holdings in the upper half of its industry. The industry median Interest Coverage is 13.65. Minato Holdings' value of 46.76 is 242.7% above this benchmark. Historically, Minato Holdings' own Interest Coverage has ranged from 3.56 to 41.48 over the past decade. While the company's 10-year median is 12.42 vs. the industry median of 13.65, Minato Holdings 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 Interest Coverage for a Hardware company?
The median Interest Coverage among Hardware companies is 13.65, based on 1,678 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Minato Holdings's current Interest Coverage of 46.76 is 242.7% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Minato Holdings and its competitors. For the Hardware industry, the median Interest Coverage is 13.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Minato Holdings's current Interest Coverage is 46.76, which is 276% above median its own 10-year median of 12.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minato Holdings stock overvalued right now?
Based on GuruFocus' analysis, Minato Holdings (TSE:6862) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,652.07, compared to a current price of 円2,009.00 — trading 21.6% above its estimated fair value. The current Interest Coverage is 46.76, which is 276% above median its 10-year median of 12.42 and 242.7% above the Hardware industry median of 13.65. Minato Holdings' overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Minato Holdings (TSE:6862), the current Interest Coverage is 46.76 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 Minato Holdings (TSE:6862) Overvalued in 2026?

Based on GuruFocus' analysis, Minato Holdings stock appears to be overvalued. The current stock price of 円2,009.00 is trading 21.6% above its estimated GF Value™ of 円1,652.07. GuruFocus considers Minato Holdings to be Modestly Overvalued.

Key valuation signals for TSE:6862:

  • Interest Coverage: 46.76 (276% above median its 10-year median of 12.42)
  • GF Value™: 円1,652.07 vs. price of 円2,009.00 (21.6% above fair value)
  • GF Score™: 85/100 with 6 warning signs
  • Industry Position: 242.7% above the Hardware median (#556 of 1678)

No single metric tells the full story. See the TSE:6862 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Minato Holdings Business Description

Address 4-21-3 Shimbashi, 6th Flooe, Shimbashi Tokyu Building, Minato-ku, Kanagawa, JPN, 105-0004
Minato Holdings Inc is a Japan-based company engaged in four core business segments: Digital Devices, Digital Engineering, ICT Products, and Others. The Digital Devices segment includes the manufacturing and sale of industrial-use memory modules like DIMMs, as well as eMMC, eMCP, and mobile accessories. The Digital Engineering segment covers device programming, digital signage systems, and software and hardware development, including OEM and ODM services. The ICT Products segment handles the sale and maintenance of digital AV equipment and PCs. The Others segment includes investments in domestic ventures and solar power projects.
85GF Score

Get the complete analysis for TSE:6862

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

円2,009.00
Price
円1,652.07
GF Value