Net margin is calculated as Net Income divided by its Revenue. Japan Excellent's Net Income for the
six
months ended in Dec. 2025 was 円4,351 Mil. Japan Excellent's Revenue for the
six
months ended in Dec. 2025 was 円11,673 Mil. Therefore, Japan Excellent's net margin for the quarter that ended in Dec. 2025 was 37.28%.
The historical rank and industry rank for Japan Excellent's Net Margin % or its related term are showing as below:
TSE:8987'
s Net Margin % Range Over the Past 10 Years
Min: 27.54 Med: 32.88 Max: 41.76
Current: 38.07
TSE:8987's Net Margin % is ranked worse than 57.76% of 928
companies
in the REITs industry
Industry Median: 44.95
vs TSE:8987: 38.07
Japan Excellent (TSE:8987) 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.
Japan Excellent Net Margin % Related Terms
Japan Excellent Net Margin % Historical Data
* Premium members only.
The historical data trend for Japan Excellent'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.
TSE:8987 vs BXP, ARE, VNO: Net Margin % Comparison
For the REIT - Office subindustry, Japan Excellent'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.
Japan Excellent Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Japan Excellent's Net Margin % distribution charts can be found below:
* The bar in red indicates where Japan Excellent's Net Margin % falls into.
* 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.
Japan Excellent (TSE:8987) has a Net Margin % of 37.28% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Japan Excellent and its competitors. This is 13% above median its historical median of 32.88. Over the past decade, Japan Excellent's Net Margin % has ranged from 27.54 to 41.76. According to the industry distribution chart, Japan Excellent ranks #536 out of 928 companies in the REITs industry, placing it in the top 57.8%.
Is Japan Excellent's Net Margin % too high?
Japan Excellent's current Net Margin % of 37.28% is 13% above median its 10-year median of 32.88. Over the past 10 years, this metric has ranged from a low of 27.54 to a high of 41.76. The REITs industry median Net Margin % is 44.95. Japan Excellent's value of 37.28% is 17.1% below this industry median. Based on the distribution chart, Japan Excellent ranks #536 out of 928 companies in the REITs industry, which is below the industry midpoint. Overall, Japan Excellent has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Excellent's Net Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Japan Excellent ranks #536 out of 928 companies for Net Margin %. This places Japan Excellent in the lower half of its industry. The industry median Net Margin % is 44.95. Japan Excellent's value of 37.28% is 17.1% below this benchmark. Historically, Japan Excellent's own Net Margin % has ranged from 27.54 to 41.76 over the past decade. While the company's 10-year median is 32.88 vs. the industry median of 44.95, Japan Excellent 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 Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 44.95, based on 928 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. Japan Excellent's current Net Margin % of 37.28% is 17.1% 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 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 Japan Excellent and its competitors. For the REITs industry, the median Net Margin % is 44.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Excellent's current Net Margin % is 37.28%, which is 13% above median its own 10-year median of 32.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Excellent stock overvalued right now?
Based on GuruFocus' analysis, Japan Excellent (TSE:8987) is currently considered Fairly Valued. The stock's GF Value™ is 円128,665.08, compared to a current price of 円140,300.00 — trading 9% above its estimated fair value. The current Net Margin % is 37.28%, which is 13% above median its 10-year median of 32.88 and 17.1% below the REITs industry median of 44.95. Japan Excellent's overall GF Score™ is 68/100 with 6 warning signs 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 Japan Excellent (TSE:8987), the current Net Margin % is 37.28% as of Dec. 2025. 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 Japan Excellent (TSE:8987) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Excellent stock appears to be overvalued.
The current stock price of 円140,300.00 is trading 9% above its estimated GF Value™ of 円128,665.08.
GuruFocus considers Japan Excellent to be Fairly Valued.
Key valuation signals for TSE:8987:
Net Margin %: 37.28% (13% above median its 10-year median of 32.88)
GF Value™: 円128,665.08 vs. price of 円140,300.00 (9% above fair value)
Industry Position: 17.1% below the REITs median (#536 of 928)
No single metric tells the full story. See the TSE:8987 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Excellent Inc is a real estate investment trust. It mainly invests in office buildings located in major metropolitan areas and pursues to create a portfolio that produces stable growth of income by acquiring properties. The company's portfolio of assets is managed by Japan Excellent Asset Management Co., Ltd.
68GF Score
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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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