CRI Middleware Co (TSE:3698) Net Margin %: 12.03% (As of Mar. 2026) — 10% Above Median


TSE:3698 CRI Middleware Co Ltd TSE:3698
88 GF Score
Price 円1,202.00
GF Value 円1,145.47
Valuation Fairly Valued
! 1 Warning Sign
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What is CRI Middleware Co Net Margin %?

CRI Middleware Co TSE:3698 +1.01% 88 Net Margin % is 12.03% as of Mar. 2026, which is 10% above its 10-year median of 10.91. GuruFocus rates TSE:3698 with a GF Score™ of 88/100 and a GF Value™ of 円1,145.47 (Fairly Valued). The stock has 1 warning sign investors should review. Among 552 Interactive Media companies, CRI Middleware Co ranks better than 71.38% on this metric.

Net margin is calculated as Net Income divided by its Revenue. CRI Middleware Co's Net Income for the six months ended in Mar. 2026 was 円222 Mil. CRI Middleware Co's Revenue for the six months ended in Mar. 2026 was 円1,849 Mil. Therefore, CRI Middleware Co's net margin for the quarter that ended in Mar. 2026 was 12.03%.

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

TSE:3698' s Net Margin % Range Over the Past 10 Years
Min: -11.95   Med: 10.91   Max: 17.33
Current: 10.8


TSE:3698's Net Margin % is ranked better than
71.38% of 552 companies
in the Interactive Media industry
Industry Median: 1.575 vs TSE:3698: 10.80

CRI Middleware Co  (TSE:3698) 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.


CRI Middleware Co Net Margin % Related Terms


CRI Middleware Co Net Margin % Historical Data

* Premium members only.

The historical data trend for CRI Middleware Co'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.

CRI Middleware Co Net Margin % Chart

CRI Middleware Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.90 -11.95 7.78 9.61 12.20

CRI Middleware Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Net 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 10.16 9.12 14.63 9.37 12.03

TSE:3698 vs NTES, EA, TTWO: Net Margin % Comparison

For the Electronic Gaming & Multimedia subindustry, CRI Middleware Co'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.


CRI Middleware Co Net Margin % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CRI Middleware Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where CRI Middleware Co's Net Margin % falls into.


TSE:3698
88GF Score
CRI Middleware Co Ltd TSE:3698
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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CRI Middleware Co 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.

CRI Middleware Co's Net Margin for the fiscal year that ended in Sep. 2025 is calculated as

Net Margin=Net Income (A: Sep. 2025 )/Revenue (A: Sep. 2025 )
=420.71/3448.587
=12.20 %

CRI Middleware Co'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 )
=222.398/1849.047
=12.03 %

* 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 12.03% mean?
CRI Middleware Co (TSE:3698) has a Net Margin % of 12.03% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on CRI Middleware Co and its competitors. This is 10% above median its historical median of 10.91. According to the industry distribution chart, CRI Middleware Co ranks #158 out of 552 companies in the Interactive Media industry, placing it in the top 28.6%.
Is CRI Middleware Co's Net Margin % too high?
CRI Middleware Co's current Net Margin % of 12.03% is 10% above median its 10-year median of 10.91. The Interactive Media industry median Net Margin % is 1.58. CRI Middleware Co's value of 12.03% is 663.8% above this industry median. Based on the distribution chart, CRI Middleware Co ranks #158 out of 552 companies in the Interactive Media industry, which is above the industry midpoint. Overall, CRI Middleware Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CRI Middleware Co's Net Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, CRI Middleware Co ranks #158 out of 552 companies for Net Margin %. This puts CRI Middleware Co in the upper half of its industry. The industry median Net Margin % is 1.58. CRI Middleware Co's value of 12.03% is 663.8% above this benchmark. While the company's 10-year median is 10.91 vs. the industry median of 1.58, CRI Middleware Co 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 an Interactive Media company?
The median Net Margin % among Interactive Media companies is 1.58, based on 552 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. CRI Middleware Co's current Net Margin % of 12.03% is 663.8% 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 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 CRI Middleware Co and its competitors. For the Interactive Media industry, the median Net Margin % is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRI Middleware Co's current Net Margin % is 12.03%, which is 10% above median its own 10-year median of 10.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CRI Middleware Co stock overvalued right now?
Based on GuruFocus' analysis, CRI Middleware Co (TSE:3698) is currently considered Fairly Valued. The stock's GF Value™ is 円1,145.47, compared to a current price of 円1,202.00 — trading 4.9% above its estimated fair value. The current Net Margin % is 12.03%, which is 10% above median its 10-year median of 10.91 and 663.8% above the Interactive Media industry median of 1.58. CRI Middleware Co's overall GF Score™ is 88/100 with 1 warning sign to review. 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 CRI Middleware Co (TSE:3698), the current Net Margin % is 12.03% 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 CRI Middleware Co (TSE:3698) Overvalued in 2026?

Based on GuruFocus' analysis, CRI Middleware Co stock appears to be overvalued. The current stock price of 円1,202.00 is trading 4.9% above its estimated GF Value™ of 円1,145.47. GuruFocus considers CRI Middleware Co to be Fairly Valued.

Key valuation signals for TSE:3698:

  • Net Margin %: 12.03% (10% above median its 10-year median of 10.91)
  • GF Value™: 円1,145.47 vs. price of 円1,202.00 (4.9% above fair value)
  • GF Score™: 88/100 with 1 warning sign
  • Industry Position: 663.8% above the Interactive Media median (#158 of 552)

No single metric tells the full story. See the TSE:3698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CRI Middleware Co Business Description

Address 20-1 Sakuragaoka-cho, 11th Floor, Shibuya Info Tower, Shibuya-ku, Tokyo, JPN, 150-0031
CRI Middleware Co Ltd is a provider of audio and video solutions for the gaming industry. It is engaged in the research and development of voice, video and file systems. Further, it also provides sales and support of middleware products. Geographically, the activities are carried out through the region of Japan.
88GF Score

Get the complete analysis for TSE:3698

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

円1,202.00
Price
円1,145.47
GF Value