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. BayCurrent's retained earnings for the quarter that ended in May. 2026 was 円122,385 Mil.
BayCurrent's quarterly retained earnings
increased
from Nov. 2025 (円107,448 Mil) to Feb. 2026 (円119,245 Mil) and
increased
from Feb. 2026 (円119,245 Mil) to May. 2026 (円122,385 Mil).
BayCurrent's annual retained earnings
increased
from Feb. 2024 (円71,489 Mil) to Feb. 2025 (円94,624 Mil) and
increased
from Feb. 2025 (円94,624 Mil) to Feb. 2026 (円119,245 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.
BayCurrent Retained Earnings Historical Data
* Premium members only.
The historical data trend for BayCurrent'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.
What does a Retained Earnings of 円122,385 Mil mean?
BayCurrent (TSE:6532) has a Retained Earnings of 円122,385 Mil as of May. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on BayCurrent and its competitors.
Is BayCurrent's Retained Earnings too high?
BayCurrent's current Retained Earnings is 円122,385 Mil. Overall, BayCurrent has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BayCurrent's Retained Earnings compare to VRSK and EFX?
BayCurrent's Retained Earnings of 円122,385 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Retained Earnings depends on the Business Services 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 BayCurrent and its competitors. BayCurrent's current Retained Earnings is 円122,385 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BayCurrent stock overvalued right now?
Based on GuruFocus' analysis, BayCurrent (TSE:6532) is currently considered Modestly Undervalued. The stock's GF Value™ is 円8,700.32, compared to a current price of 円7,122.00 — trading 18.1% below its estimated fair value. The current Retained Earnings is 円122,385 Mil. BayCurrent's overall GF Score™ is 97/100. 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 BayCurrent (TSE:6532), the current Retained Earnings is 円122,385 Mil as of May. 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 BayCurrent (TSE:6532) Overvalued in 2026?
Based on GuruFocus' analysis, BayCurrent stock appears to be undervalued.
The current stock price of 円7,122.00 is trading 18.1% below its estimated GF Value™ of 円8,700.32.
GuruFocus considers BayCurrent to be Modestly Undervalued.
Key valuation signals for TSE:6532:
Retained Earnings: 円122,385 Mil
GF Value™: 円8,700.32 vs. price of 円7,122.00 (18.1% below fair value)
No single metric tells the full story. See the TSE:6532 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BayCurrent Consulting is a Japanese IT consulting firm specializing in digital transformation implementation. The company deployed 5,590 consultants at the end of fiscal 2026 to execute IT modernization, data analytics, and artificial intelligence projects for enterprise clients. Unlike traditional strategy firms, BayCurrent focuses on project execution, with consultants embedded in client organizations to deliver outcomes. The firm serves a variety of industries, with financial services and manufacturing each accounting for 20% to 25% of revenue. Its one-pool staffing model enables flexible consultant allocation across industries and helps the company maintain a high utilization rate, thereby achieving a higher profitability than peers.
97GF Score
Get the complete analysis for TSE:6532
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
TSE:6532 has been successfully added to your 
