Kaori Heat Treatment Co (TPE:8996) Research & Development: NT$218 Mil (TTM As of Dec. 2025)


TPE:8996 Kaori Heat Treatment Co Ltd TPE:8996
81 GF Score
Price NT$1,230.00
GF Value NT$559.57
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Kaori Heat Treatment Co Research & Development?

Kaori Heat Treatment Co TPE:8996 81 Research & Development is NT$218 Mil as of Dec. 2025. GuruFocus rates TPE:8996 with a GF Score™ of 81/100 and a GF Value™ of NT$559.57 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Kaori Heat Treatment Co's Research & Development for the three months ended in Dec. 2025 was NT$87 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$218 Mil.

Kaori Heat Treatment Co  (TPE:8996) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Kaori Heat Treatment Co Research & Development Related Terms

Kaori Heat Treatment Co Research & Development Historical Data

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The historical data trend for Kaori Heat Treatment Co's Research & Development 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.

Kaori Heat Treatment Co Research & Development Chart

Kaori Heat Treatment Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.48 80.51 83.81 113.10 218.29

Kaori Heat Treatment Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Research & Development 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 39.23 37.85 43.60 49.94 86.91
TPE:8996
81GF Score
Kaori Heat Treatment Co Ltd TPE:8996
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Kaori Heat Treatment Co Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$218 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.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of NT$218 Mil mean?
Kaori Heat Treatment Co (TPE:8996) has a Research & Development of NT$218 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Kaori Heat Treatment Co and its competitors.
Is Kaori Heat Treatment Co's Research & Development too high?
Kaori Heat Treatment Co's current Research & Development is NT$218 Mil. Overall, Kaori Heat Treatment Co has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kaori Heat Treatment Co's Research & Development compare to GEV and ETN?
Kaori Heat Treatment Co's Research & Development of NT$218 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for an Industrial Products company?
A good Research & Development depends on the Industrial Products industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Kaori Heat Treatment Co and its competitors. Kaori Heat Treatment Co's current Research & Development is NT$218 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaori Heat Treatment Co stock overvalued right now?
Based on GuruFocus' analysis, Kaori Heat Treatment Co (TPE:8996) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$559.57, compared to a current price of NT$1,230.00 — trading 119.8% above its estimated fair value. The current Research & Development is NT$218 Mil. Kaori Heat Treatment Co's overall GF Score™ is 81/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Kaori Heat Treatment Co (TPE:8996), the current Research & Development is NT$218 Mil 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 Kaori Heat Treatment Co (TPE:8996) Overvalued in 2026?

Based on GuruFocus' analysis, Kaori Heat Treatment Co stock appears to be overvalued. The current stock price of NT$1,230.00 is trading 119.8% above its estimated GF Value™ of NT$559.57. GuruFocus considers Kaori Heat Treatment Co to be Significantly Overvalued.

Key valuation signals for TPE:8996:

  • Research & Development: NT$218 Mil
  • GF Value™: NT$559.57 vs. price of NT$1,230.00 (119.8% above fair value)
  • GF Score™: 81/100 with 2 warning signs

No single metric tells the full story. See the TPE:8996 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Kaori Heat Treatment Co Business Description

Address No. 5-2, Jilin North Road, Zhongli District, Taoyuan City, TWN, 320030
Kaori Heat Treatment Co Ltd specializes in producing mechanical hardware, processing fabricated metals, and manufacturing and developing heat exchange products or thermal products. The Group's factories are established in Zhongli, Kaohsiung, etc. Its operating activities include heat treatment processing of various mechanical hardware and fabricated metals, plate heat exchangers, thermal products, and manufacturing activities. The Group operates in a single operating segment of plate heat exchangers, power generation, and thermal energy products. It operates in Asia, America, Europe, and others. The Group generates maximum revenue from America.
81GF Score

Get the complete analysis for TPE:8996

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$1,230.00
Price
NT$559.57
GF Value