Note (TSE:5243) Pretax Margin %: 11.23% (As of Nov. 2025)


TSE:5243 Note Inc TSE:5243
60 GF Score
Price 円1,920.00
GF Value 円998.38
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Note Pretax Margin %?

Note TSE:5243 60 Pretax Margin % is 11.23% as of Nov. 2025. GuruFocus rates TSE:5243 with a GF Score™ of 60/100 and a GF Value™ of 円998.38 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,823 Software companies, Note ranks better than 71.84% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Note's Pre-Tax Income for the three months ended in Nov. 2025 was 円123 Mil. Note's Revenue for the three months ended in Nov. 2025 was 円1,095 Mil. Therefore, Note's pretax margin for the quarter that ended in Nov. 2025 was 11.23%.

The historical rank and industry rank for Note's Pretax Margin % or its related term are showing as below:

TSE:5243' s Pretax Margin % Range Over the Past 10 Years
Min: -32.53   Med: -18.91   Max: 11.11
Current: 11.11


TSE:5243's Pretax Margin % is ranked better than
71.84% of 2823 companies
in the Software industry
Industry Median: 3.51 vs TSE:5243: 11.11

Note  (TSE:5243) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Note Pretax Margin % Related Terms


Note Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Note's Pretax 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.

Note Pretax Margin % Chart

Note Annual Data
Trend Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Pretax Margin %
Get a 7-Day Free Trial -23.01 -32.53 -14.85 2.30 6.35

Note Quarterly Data
Nov20 Nov21 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Pretax 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 0.63 2.93 9.69 11.23 19.03

TSE:5243 vs UBER, SHOP, CRM: Pretax Margin % Comparison

For the Software - Application subindustry, Note's Pretax Margin %, along with its competitors' market caps and Pretax 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.


Note Pretax Margin % vs Software Industry

For the Software industry and Technology sector, Note's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Note's Pretax Margin % falls into.


TSE:5243
60GF Score
Note Inc TSE:5243
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Note Pretax Margin % Calculation

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

Note's Pretax Margin for the fiscal year that ended in Nov. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Nov. 2025 )/Revenue (A: Nov. 2025 )
=262.957/4141.28
=6.35 %

Note's Pretax Margin for the quarter that ended in Nov. 2025 is calculated as

Pretax Margin=Pre-Tax Income (Q: Nov. 2025 )/Revenue (Q: Nov. 2025 )
=122.959/1094.685
=11.23 %

* 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 Pretax Margin % →
What does a Pretax Margin % of 11.23% mean?
Note (TSE:5243) has a Pretax Margin % of 11.23% as of Nov. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Note and its competitors. According to the industry distribution chart, Note ranks #795 out of 2823 companies in the Software industry, placing it in the top 28.2%.
Is Note's Pretax Margin % too high?
Note's current Pretax Margin % is 11.23%. The Software industry median Pretax Margin % is 3.51. Note's value of 11.23% is 219.9% above this industry median. Based on the distribution chart, Note ranks #795 out of 2823 companies in the Software industry, which is above the industry midpoint. Overall, Note has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Note's Pretax Margin % compare to UBER and SHOP?
According to the Software industry distribution chart, Note ranks #795 out of 2823 companies for Pretax Margin %. This puts Note in the upper half of its industry. The industry median Pretax Margin % is 3.51. Note's value of 11.23% is 219.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Software company?
The median Pretax Margin % among Software companies is 3.51, based on 2,823 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Note's current Pretax Margin % of 11.23% is 219.9% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Note and its competitors. For the Software industry, the median Pretax Margin % is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Note's current Pretax Margin % is 11.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Note stock overvalued right now?
Based on GuruFocus' analysis, Note (TSE:5243) is currently considered Significantly Overvalued. The stock's GF Value™ is 円998.38, compared to a current price of 円1,920.00 — trading 92.3% above its estimated fair value. The current Pretax Margin % is 11.23% and 219.9% above the Software industry median of 3.51. Note's overall GF Score™ is 60/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Note (TSE:5243), the current Pretax Margin % is 11.23% as of Nov. 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 Note (TSE:5243) Overvalued in 2026?

Based on GuruFocus' analysis, Note stock appears to be overvalued. The current stock price of 円1,920.00 is trading 92.3% above its estimated GF Value™ of 円998.38. GuruFocus considers Note to be Significantly Overvalued.

Key valuation signals for TSE:5243:

  • Pretax Margin %: 11.23%
  • GF Value™: 円998.38 vs. price of 円1,920.00 (92.3% above fair value)
  • GF Score™: 60/100 with 3 warning signs
  • Industry Position: 219.9% above the Software median (#795 of 2823)

No single metric tells the full story. See the TSE:5243 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Note Business Description

Address 3-1-2 Kitaaoyama, Minato-ku, Tokyo, JPN, 107-0061
Website https://note.jp
Note Inc is engaged in the operation of C2C content platform.
60GF Score

Get the complete analysis for TSE:5243

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

円1,920.00
Price
円998.38
GF Value