IACE Travel (TSE:343A) Net Margin %: 16.48% (As of Mar. 2026) — 14% 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:343A IACE Travel Corp TSE:343A
20 GF Score
Price 円1,414.00
View Full Analysis

What is IACE Travel Net Margin %?

IACE Travel TSE:343A +0.93% 20 Net Margin % is 16.48% as of Mar. 2026, which is 14% above its 10-year median of 14.45. GuruFocus rates TSE:343A with a GF Score™ of 20/100. Among 843 Travel & Leisure companies, IACE Travel ranks better than 83.87% on this metric.

Net margin is calculated as Net Income divided by its Revenue. IACE Travel's Net Income for the six months ended in Mar. 2026 was 円249 Mil. IACE Travel's Revenue for the six months ended in Mar. 2026 was 円1,509 Mil. Therefore, IACE Travel's net margin for the quarter that ended in Mar. 2026 was 16.48%.

The historical rank and industry rank for IACE Travel's Net Margin % or its related term are showing as below:

TSE:343A' s Net Margin % Range Over the Past 10 Years
Min: 13.39   Med: 14.45   Max: 17.57
Current: 17.57


TSE:343A's Net Margin % is ranked better than
83.87% of 843 companies
in the Travel & Leisure industry
Industry Median: 4.71 vs TSE:343A: 17.57

IACE Travel  (TSE:343A) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


IACE Travel Net Margin % Related Terms


IACE Travel Net Margin % Historical Data

* Premium members only.

The historical data trend for IACE Travel's Net 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.

IACE Travel Net Margin % Chart

IACE Travel Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Net Margin %
13.39 14.24 14.65 17.57

IACE Travel Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Net Margin % Get a 7-Day Free Trial 0.00 14.98 14.36 18.65 16.48

TSE:343A vs BKNG, ABNB, RCL: Net Margin % Comparison

For the Travel Services subindustry, IACE Travel's Net Margin %, along with its competitors' market caps and Net 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.


IACE Travel Net Margin % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, IACE Travel's Net Margin % distribution charts can be found below:

* The bar in red indicates where IACE Travel's Net Margin % falls into.


TSE:343A
20GF Score
IACE Travel Corp TSE:343A
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IACE Travel Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

IACE Travel's Net Margin for the fiscal year that ended in Mar. 2026 is calculated as

Net Margin=Net Income (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=529.739/3015.28
=17.57 %

IACE Travel's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=248.682/1508.609
=16.48 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 16.48% mean?
IACE Travel (TSE:343A) has a Net Margin % of 16.48% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on IACE Travel and its competitors. This is 14% above median its historical median of 14.45. Over the past decade, IACE Travel's Net Margin % has ranged from 13.39 to 17.57. According to the industry distribution chart, IACE Travel ranks #136 out of 843 companies in the Travel & Leisure industry, placing it in the top 16.1%.
Is IACE Travel's Net Margin % too high?
IACE Travel's current Net Margin % of 16.48% is 14% above median its 10-year median of 14.45. Over the past 10 years, this metric has ranged from a low of 13.39 to a high of 17.57. The Travel & Leisure industry median Net Margin % is 4.71. IACE Travel's value of 16.48% is 249.9% above this industry median. Based on the distribution chart, IACE Travel ranks #136 out of 843 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, IACE Travel has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does IACE Travel's Net Margin % compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, IACE Travel ranks #136 out of 843 companies for Net Margin %. This places IACE Travel in the top 16% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.71. IACE Travel's value of 16.48% is 249.9% above this benchmark. Historically, IACE Travel's own Net Margin % has ranged from 13.39 to 17.57 over the past decade. While the company's 10-year median is 14.45 vs. the industry median of 4.71, IACE Travel 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 Net Margin % for a Travel & Leisure company?
The median Net Margin % among Travel & Leisure companies is 4.71, based on 843 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IACE Travel's current Net Margin % of 16.48% is 249.9% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on IACE Travel and its competitors. For the Travel & Leisure industry, the median Net Margin % is 4.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IACE Travel's current Net Margin % is 16.48%, which is 14% above median its own 10-year median of 14.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IACE Travel stock overvalued right now?
IACE Travel (TSE:343A) has a current Net Margin % of 16.48%. The current Net Margin % is 16.48%, which is 14% above median its 10-year median of 14.45 and 249.9% above the Travel & Leisure industry median of 4.71. IACE Travel's overall GF Score™ is 20/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For IACE Travel (TSE:343A), the current Net Margin % is 16.48% 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.

IACE Travel Business Description

Address 1-14-5 Nihombashi-Bakuro-cho, Chuo-ku, Tokyo, JPN, 103-0002
IACE Travel Corp is engaged in travel business that operates the cloud-based booking system Smart BTM and provides business travel management services.
20GF Score

Get the complete analysis for TSE:343A

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

円1,414.00
Price