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.
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.
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Nichias's retained earnings for the quarter that ended in Mar. 2026 was $1,199 Mil.
Nichias's quarterly retained earnings
declined
from Sep. 2025 ($1,316 Mil) to Dec. 2025 ($1,271 Mil) and
declined
from Dec. 2025 ($1,271 Mil) to Mar. 2026 ($1,199 Mil).
Nichias's annual retained earnings
increased
from Mar. 2024 ($1,068 Mil) to Mar. 2025 ($1,244 Mil) but then
declined
from Mar. 2025 ($1,244 Mil) to Mar. 2026 ($1,199 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Nichias Retained Earnings Historical Data
* Premium members only.
The historical data trend for Nichias's Retained Earnings 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Nichias (NICFF) has a Retained Earnings of $1,199 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Nichias and its competitors.
Is Nichias' Retained Earnings too high?
Nichias' current Retained Earnings is $1,199 Mil. Overall, Nichias has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nichias' Retained Earnings compare to HON and MMM?
Nichias' Retained Earnings of $1,199 Mil can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Conglomerates company?
A good Retained Earnings depends on the Conglomerates industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Nichias and its competitors. Nichias's current Retained Earnings is $1,199 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichias stock overvalued right now?
Based on GuruFocus' analysis, Nichias (NICFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.60, compared to a current price of $22.13 — trading 90.7% above its estimated fair value. The current Retained Earnings is $1,199 Mil. Nichias' overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Nichias (NICFF), the current Retained Earnings is $1,199 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 Nichias (NICFF) Overvalued in 2026?
Based on GuruFocus' analysis, Nichias stock appears to be overvalued.
The current stock price of $22.13 is trading 90.7% above its estimated GF Value™ of $11.60.
GuruFocus considers Nichias to be Significantly Overvalued.
Key valuation signals for NICFF:
Retained Earnings: $1,199 Mil
GF Value™: $11.60 vs. price of $22.13 (90.7% above fair value)
No single metric tells the full story. See the NICFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nichias Corp is engaged in the development, manufacturing, and sale of a wide range of thermal insulation and industrial materials. The company operates through five reportable segments: Construction and Sales for Plants, Industrial Products, High-Performance Products, Automotive Parts, and Construction Materials. Its business activities include providing thermal insulation and disaster prevention works for electric power and petrochemical plants, as well as producing sealing materials, fluoroplastic molding products, and non-combustible building materials for industrial and infrastructure applications. It generates the majority of its revenue from the Construction and Sales for Plants segment.
70GF Score
Get the complete analysis for NICFF
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NICFF has been successfully added to your 
