Change Holdings (TSE:3962) Research & Development: 円0 Mil (TTM As of Mar. 2026)


TSE:3962 Change Holdings Inc TSE:3962
74 GF Score
Price 円915.00
GF Value 円1,861.20
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Change Holdings Research & Development?

Change Holdings TSE:3962 -2.35% 74 Research & Development is 円0 Mil as of Mar. 2026. GuruFocus rates TSE:3962 with a GF Score™ of 74/100 and a GF Value™ of 円1,861.20 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Change Holdings's Research & Development for the three months ended in Mar. 2026 was 円0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was 円0 Mil.

Change Holdings  (TSE:3962) 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.

Change Holdings Research & Development Related Terms

Change Holdings Research & Development Historical Data

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The historical data trend for Change Holdings'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.

Change Holdings Research & Development Chart

Change Holdings Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Mar23 Mar24 Mar25 Mar26
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Change Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 0.00 0.00
TSE:3962
74GF Score
Change Holdings Inc TSE:3962
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Change Holdings Research & Development Calculation

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

Research & Development 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0 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 円0 Mil mean?
Change Holdings (TSE:3962) has a Research & Development of 円0 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Change Holdings and its competitors.
Is Change Holdings' Research & Development too high?
Change Holdings' current Research & Development is 円0 Mil. Overall, Change Holdings has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Change Holdings' Research & Development compare to IBM and ACN?
Change Holdings' Research & Development of 円0 Mil can be compared against companies in the Software 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 a Software company?
A good Research & Development depends on the Software 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 Change Holdings and its competitors. Change Holdings's current Research & Development is 円0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Change Holdings stock overvalued right now?
Based on GuruFocus' analysis, Change Holdings (TSE:3962) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,861.20, compared to a current price of 円915.00 — trading 50.8% below its estimated fair value. The current Research & Development is 円0 Mil. Change Holdings' overall GF Score™ is 74/100 with 5 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 Change Holdings (TSE:3962), the current Research & Development is 円0 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 Change Holdings (TSE:3962) Overvalued in 2026?

Based on GuruFocus' analysis, Change Holdings stock appears to be undervalued. The current stock price of 円915.00 is trading 50.8% below its estimated GF Value™ of 円1,861.20. GuruFocus considers Change Holdings to be Significantly Undervalued.

Key valuation signals for TSE:3962:

  • Research & Development: 円0 Mil
  • GF Value™: 円1,861.20 vs. price of 円915.00 (50.8% below fair value)
  • GF Score™: 74/100 with 5 warning signs

No single metric tells the full story. See the TSE:3962 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Change Holdings Business Description

Address 3-17-1 Toranomon, 6th Floor, TOKYU REIT Toranomon Building, Minato-ku, Tokyo, JPN, 105-0001
Change Holdings Inc provides mobility, IoT (Internet of Things) data, security and IT human resources training services. It segments are: Public Tech and NEW-IT Transformation Business. The Public Tech segment covers local government support projects that aims to realize high value-added resident services by utilizing ICT technology to promote the improvement of local government business productivity. The NEW-IT Transformation Business segment promotes digital transformation through various algorithms such as AI, voice Internet, mobility, IoT, cloud, security, services utilizing basic technology, and training for digital human resources. It also provides digital transformation solutions by combining libraries based on customer needs to realize customer digital transformation.
74GF Score

Get the complete analysis for TSE:3962

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

円915.00
Price
円1,861.20
GF Value