Heiwa Paper Co (TSE:9929) Other Operating Expense: 円3,188 Mil (TTM As of Mar. 2026)

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:9929 Heiwa Paper Co Ltd TSE:9929
76 GF Score
Price 円464.00
GF Value 円437.64
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Heiwa Paper Co Other Operating Expense?

Heiwa Paper Co TSE:9929 -1.28% 76 Other Operating Expense is 円3,188 Mil as of Mar. 2026. GuruFocus rates TSE:9929 with a GF Score™ of 76/100 and a GF Value™ of 円437.64 (Fairly Valued). The stock has 4 warning signs investors should review.

Heiwa Paper Co's Other Operating Expense for the three months ended in Mar. 2026 was 円809 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was 円3,188 Mil.

Heiwa Paper Co's quarterly Other Operating Expense increased from Sep. 2025 (円754 Mil) to Dec. 2025 (円820 Mil) but then declined from Dec. 2025 (円820 Mil) to Mar. 2026 (円809 Mil).

Heiwa Paper Co's annual Other Operating Expense increased from Mar. 2024 (円3,130 Mil) to Mar. 2025 (円3,131 Mil) and increased from Mar. 2025 (円3,131 Mil) to Mar. 2026 (円3,188 Mil).

Heiwa Paper Co Other Operating Expense Historical Data

* Premium members only.

The historical data trend for Heiwa Paper Co's Other Operating Expense 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.

Heiwa Paper Co Other Operating Expense Chart

Heiwa Paper Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Other Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,761.14 3,095.80 3,130.46 3,131.24 3,187.77

Heiwa Paper Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26
Other Operating Expense 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 0.00 805.15 753.63 820.42 808.57
TSE:9929
76GF Score
Heiwa Paper Co Ltd TSE:9929
Other Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heiwa Paper Co Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円3,188 Mil.

* 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.

What does a Other Operating Expense of 円3,188 Mil mean?
Heiwa Paper Co (TSE:9929) has a Other Operating Expense of 円3,188 Mil as of Mar. 2026. Other operating expenses that a company records on its income statement. View historical data on Heiwa Paper Co and its competitors.
Is Heiwa Paper Co's Other Operating Expense too high?
Heiwa Paper Co's current Other Operating Expense is 円3,188 Mil. Overall, Heiwa Paper Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Paper Co's Other Operating Expense compare to competitors?
Heiwa Paper Co's Other Operating Expense of 円3,188 Mil can be compared against companies in the Forest Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Other Operating Expense for a Forest Products company?
A good Other Operating Expense depends on the Forest Products industry context. However, Other Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on Heiwa Paper Co and its competitors. Heiwa Paper Co's current Other Operating Expense is 円3,188 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Paper Co stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Paper Co (TSE:9929) is currently considered Fairly Valued. The stock's GF Value™ is 円437.64, compared to a current price of 円464.00 — trading 6% above its estimated fair value. The current Other Operating Expense is 円3,188 Mil. Heiwa Paper Co's overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For Heiwa Paper Co (TSE:9929), the current Other Operating Expense is 円3,188 Mil 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 Heiwa Paper Co (TSE:9929) Overvalued in 2026?

Based on GuruFocus' analysis, Heiwa Paper Co stock appears to be overvalued. The current stock price of 円464.00 is trading 6% above its estimated GF Value™ of 円437.64. GuruFocus considers Heiwa Paper Co to be Fairly Valued.

Key valuation signals for TSE:9929:

  • Other Operating Expense: 円3,188 Mil
  • GF Value™: 円437.64 vs. price of 円464.00 (6% above fair value)
  • GF Score™: 76/100 with 4 warning signs

No single metric tells the full story. See the TSE:9929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Heiwa Paper Co Business Description

Address 1-22-11, Shinkawa Chuo-ku, Tokyo, JPN, 104-0033
Heiwa Paper Co Ltd develops, sells, exports and imports specialty papers, high-grade papers, industrial papers, and other paper materials. It also develops and commercializes new paper products. The company's product profile includes Exo Raxa, TANT, Deep Mat, Gokanshi, Cotton Life S, Satogami, Bunpel, SS-Soft, Mandala, Snow Petal, Kishu Rainbow, and others.
76GF Score

Get the complete analysis for TSE:9929

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

円464.00
Price
円437.64
GF Value