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Nitto Fuji Flour Milling CoTSE:2003 -0.05%72 Return-on-Tangible-Asset is 6.98% as of Mar. 2026, which is 2% above its 10-year median of 6.84. GuruFocus rates TSE:2003 with a GF Score™ of 72/100 and a GF Value™ of 円1,718.00 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,994 Consumer Packaged Goods companies, Nitto Fuji Flour Milling Co ranks better than 60.28% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Nitto Fuji Flour Milling Co's annualizedNet Income for the quarter that ended in Mar. 2026 was 円4,354 Mil. Nitto Fuji Flour Milling Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円62,359 Mil. Therefore, Nitto Fuji Flour Milling Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.98%.
The historical rank and industry rank for Nitto Fuji Flour Milling Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:2003'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4 Med: 6.84 Max: 7.15
Current: 5.32
During the past 13 years, Nitto Fuji Flour Milling Co's highest Return-on-Tangible-Asset was 7.15%. The lowest was 4.00%. And the median was 6.84%.
TSE:2003's Return-on-Tangible-Asset is ranked better than 60.28% of 1994
companies
in the Consumer Packaged Goods industry
Industry Median: 3.47
vs TSE:2003: 5.32
Nitto Fuji Flour Milling Co (TSE:2003) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Nitto Fuji Flour Milling Co Return-on-Tangible-Asset Related Terms
Nitto Fuji Flour Milling Co Return-on-Tangible-Asset Historical Data
* 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.
Nitto Fuji Flour Milling Co Return-on-Tangible-Asset Chart
TSE:2003 vs ADM, BG, TSN: Return-on-Tangible-Asset Comparison
For the Farm Products subindustry, Nitto Fuji Flour Milling Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nitto Fuji Flour Milling Co Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Nitto Fuji Flour Milling Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nitto Fuji Flour Milling Co's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.98% mean?
Nitto Fuji Flour Milling Co (TSE:2003) has a Return-on-Tangible-Asset of 6.98% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nitto Fuji Flour Milling Co and its competitors. This is near median its historical median of 6.84. Over the past decade, Nitto Fuji Flour Milling Co's Return-on-Tangible-Asset has ranged from 4.00 to 7.15. According to the industry distribution chart, Nitto Fuji Flour Milling Co ranks #792 out of 1994 companies in the Consumer Packaged Goods industry, placing it in the top 39.7%.
Is Nitto Fuji Flour Milling Co's Return-on-Tangible-Asset too high?
Nitto Fuji Flour Milling Co's current Return-on-Tangible-Asset of 6.98% is near median its 10-year median of 6.84. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.15. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.47. Nitto Fuji Flour Milling Co's value of 6.98% is 101.2% above this industry median. Based on the distribution chart, Nitto Fuji Flour Milling Co ranks #792 out of 1994 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Nitto Fuji Flour Milling Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nitto Fuji Flour Milling Co's Return-on-Tangible-Asset compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Nitto Fuji Flour Milling Co ranks #792 out of 1994 companies for Return-on-Tangible-Asset. This puts Nitto Fuji Flour Milling Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.47. Nitto Fuji Flour Milling Co's value of 6.98% is 101.2% above this benchmark. Historically, Nitto Fuji Flour Milling Co's own Return-on-Tangible-Asset has ranged from 4.00 to 7.15 over the past decade. While the company's 10-year median is 6.84 vs. the industry median of 3.47, Nitto Fuji Flour Milling Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.47, based on 1,994 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nitto Fuji Flour Milling Co's current Return-on-Tangible-Asset of 6.98% is 101.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nitto Fuji Flour Milling Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitto Fuji Flour Milling Co's current Return-on-Tangible-Asset is 6.98%, which is near median its own 10-year median of 6.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitto Fuji Flour Milling Co stock overvalued right now?
Based on GuruFocus' analysis, Nitto Fuji Flour Milling Co (TSE:2003) is currently considered Fairly Valued. The stock's GF Value™ is 円1,718.00, compared to a current price of 円1,821.00 — trading 6% above its estimated fair value. The current Return-on-Tangible-Asset is 6.98%, which is near median its 10-year median of 6.84 and 101.2% above the Consumer Packaged Goods industry median of 3.47. Nitto Fuji Flour Milling Co's overall GF Score™ is 72/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Nitto Fuji Flour Milling Co (TSE:2003), the current Return-on-Tangible-Asset is 6.98% 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 Nitto Fuji Flour Milling Co (TSE:2003) Overvalued in 2026?
Based on GuruFocus' analysis, Nitto Fuji Flour Milling Co stock appears to be overvalued.
The current stock price of 円1,821.00 is trading 6% above its estimated GF Value™ of 円1,718.00.
GuruFocus considers Nitto Fuji Flour Milling Co to be Fairly Valued.
Key valuation signals for TSE:2003:
Return-on-Tangible-Asset: 6.98% (near median its 10-year median of 6.84)
GF Value™: 円1,718.00 vs. price of 円1,821.00 (6% above fair value)
Industry Position: 101.2% above the Consumer Packaged Goods median (#792 of 1994)
No single metric tells the full story. See the TSE:2003 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitto Fuji Flour Milling Co Ltd is engaged in the manufacture and sale of wheat flour and bran. The company is also involved in warehousing business and designing and installation of machines and equipment.
72GF Score
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