IC Co (TSE:4769) Retained Earnings: 円4,690 Mil (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:4769 IC Co Ltd TSE:4769
87 GF Score
Price 円1,120.00
GF Value 円1,131.87
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is IC Co Retained Earnings?

IC Co TSE:4769 -0.88% 87 Retained Earnings is 円4,690 Mil as of Mar. 2026. GuruFocus rates TSE:4769 with a GF Score™ of 87/100 and a GF Value™ of 円1,131.87 (Fairly Valued). The stock has 6 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. IC Co's retained earnings for the quarter that ended in Mar. 2026 was 円4,690 Mil.

IC Co's quarterly retained earnings declined from Sep. 2025 (円4,630 Mil) to Dec. 2025 (円4,539 Mil) but then increased from Dec. 2025 (円4,539 Mil) to Mar. 2026 (円4,690 Mil).

IC Co's annual retained earnings increased from Sep. 2023 (円4,278 Mil) to Sep. 2024 (円4,404 Mil) and increased from Sep. 2024 (円4,404 Mil) to Sep. 2025 (円4,630 Mil).


IC Co  (TSE:4769) Retained Earnings Explanation

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.


IC Co Retained Earnings Historical Data

* Premium members only.

The historical data trend for IC Co'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.

IC Co Retained Earnings Chart

IC Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,824.54 4,141.33 4,277.98 4,404.16 4,629.53

IC Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Retained Earnings 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 4,591.74 4,657.13 4,629.53 4,538.52 4,689.95
TSE:4769
87GF Score
IC Co Ltd TSE:4769
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IC Co Retained Earnings Calculation

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.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of 円4,690 Mil mean?
IC Co (TSE:4769) has a Retained Earnings of 円4,690 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on IC Co and its competitors.
Is IC Co's Retained Earnings too high?
IC Co's current Retained Earnings is 円4,690 Mil. Overall, IC Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IC Co's Retained Earnings compare to IBM and ACN?
IC Co's Retained Earnings of 円4,690 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 Retained Earnings for a Software company?
A good Retained Earnings depends on the Software 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 IC Co and its competitors. IC Co's current Retained Earnings is 円4,690 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IC Co stock overvalued right now?
Based on GuruFocus' analysis, IC Co (TSE:4769) is currently considered Fairly Valued. The stock's GF Value™ is 円1,131.87, compared to a current price of 円1,120.00 — trading 1% below its estimated fair value. The current Retained Earnings is 円4,690 Mil. IC Co's overall GF Score™ is 87/100 with 6 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 IC Co (TSE:4769), the current Retained Earnings is 円4,690 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 IC Co (TSE:4769) Overvalued in 2026?

Based on GuruFocus' analysis, IC Co stock appears to be undervalued. The current stock price of 円1,120.00 is trading 1% below its estimated GF Value™ of 円1,131.87. GuruFocus considers IC Co to be Fairly Valued.

Key valuation signals for TSE:4769:

  • Retained Earnings: 円4,690 Mil
  • GF Value™: 円1,131.87 vs. price of 円1,120.00 (1% below fair value)
  • GF Score™: 87/100 with 6 warning signs

No single metric tells the full story. See the TSE:4769 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IC Co Business Description

Address 2-15-3 Konan, 7F Shinagawa Intercity Building C, Minato-ku, Tokyo, JPN, 108-6207
IC Co Ltd is engaged in providing information technology services. The business of the company includes software development, infrastructure design construction, system operation support, and package development and introduction support.
87GF Score

Get the complete analysis for TSE:4769

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

円1,120.00
Price
円1,131.87
GF Value