Kyowa Co (TSE:6570) Return-on-Tangible-Asset: 7.45% (As of Mar. 2026) — 107% Above Median

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:6570 Kyowa Corp Co Ltd TSE:6570
76 GF Score
Price 円2,130.00
GF Value 円1,345.55
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Kyowa Co Return-on-Tangible-Asset?

Kyowa Co TSE:6570 +1.38% 76 Return-on-Tangible-Asset is 7.45% as of Mar. 2026, which is 107% above its 10-year median of 3.60. GuruFocus rates TSE:6570 with a GF Score™ of 76/100 and a GF Value™ of 円1,345.55 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 859 Travel & Leisure companies, Kyowa Co ranks better than 73.22% 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. Kyowa Co's annualized Net Income for the quarter that ended in Mar. 2026 was 円1,296 Mil. Kyowa Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円17,399 Mil. Therefore, Kyowa Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.45%.

The historical rank and industry rank for Kyowa Co's Return-on-Tangible-Asset or its related term are showing as below:

TSE:6570' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.22   Med: 3.6   Max: 7.16
Current: 6.71

During the past 11 years, Kyowa Co's highest Return-on-Tangible-Asset was 7.16%. The lowest was -1.22%. And the median was 3.60%.

TSE:6570's Return-on-Tangible-Asset is ranked better than
73.22% of 859 companies
in the Travel & Leisure industry
Industry Median: 2.8 vs TSE:6570: 6.71

Kyowa Co  (TSE:6570) 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 company’s 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 company’s 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.


Kyowa Co Return-on-Tangible-Asset Related Terms


Kyowa Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Kyowa Co's Return-on-Tangible-Asset 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.

Kyowa Co Return-on-Tangible-Asset Chart

Kyowa Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.12 3.42 4.72 6.21 6.65

Kyowa Co Semi-Annual Data
Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Return-on-Tangible-Asset 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 4.52 5.28 7.39 5.98 7.45

TSE:6570 vs AS, HAS, LTH: Return-on-Tangible-Asset Comparison

For the Leisure subindustry, Kyowa 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.


Kyowa Co Return-on-Tangible-Asset vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kyowa Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Kyowa Co's Return-on-Tangible-Asset falls into.


TSE:6570
76GF Score
Kyowa Corp Co Ltd TSE:6570
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kyowa Co Return-on-Tangible-Asset Calculation

Kyowa Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=1122.536/( (15354.098+18425.77)/ 2 )
=1122.536/16889.934
=6.65 %

Kyowa Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=1295.738/( (16371.477+18425.77)/ 2 )
=1295.738/17398.6235
=7.45 %

* 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 7.45% mean?
Kyowa Co (TSE:6570) has a Return-on-Tangible-Asset of 7.45% 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 Kyowa Co and its competitors. This is 107% above median its historical median of 3.60. According to the industry distribution chart, Kyowa Co ranks #230 out of 859 companies in the Travel & Leisure industry, placing it in the top 26.8%.
Is Kyowa Co's Return-on-Tangible-Asset too high?
Kyowa Co's current Return-on-Tangible-Asset of 7.45% is 107% above median its 10-year median of 3.60. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.80. Kyowa Co's value of 7.45% is 166.1% above this industry median. Based on the distribution chart, Kyowa Co ranks #230 out of 859 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Kyowa Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kyowa Co's Return-on-Tangible-Asset compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Kyowa Co ranks #230 out of 859 companies for Return-on-Tangible-Asset. This puts Kyowa Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.80. Kyowa Co's value of 7.45% is 166.1% above this benchmark. While the company's 10-year median is 3.60 vs. the industry median of 2.80, Kyowa 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.80, based on 859 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. Kyowa Co's current Return-on-Tangible-Asset of 7.45% is 166.1% 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 Kyowa Co and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kyowa Co's current Return-on-Tangible-Asset is 7.45%, which is 107% above median its own 10-year median of 3.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyowa Co stock overvalued right now?
Based on GuruFocus' analysis, Kyowa Co (TSE:6570) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,345.55, compared to a current price of 円2,130.00 — trading 58.3% above its estimated fair value. The current Return-on-Tangible-Asset is 7.45%, which is 107% above median its 10-year median of 3.60 and 166.1% above the Travel & Leisure industry median of 2.80. Kyowa Co's overall GF Score™ is 76/100 with 7 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 Kyowa Co (TSE:6570), the current Return-on-Tangible-Asset is 7.45% 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 Kyowa Co (TSE:6570) Overvalued in 2026?

Based on GuruFocus' analysis, Kyowa Co stock appears to be overvalued. The current stock price of 円2,130.00 is trading 58.3% above its estimated GF Value™ of 円1,345.55. GuruFocus considers Kyowa Co to be Significantly Overvalued.

Key valuation signals for TSE:6570:

  • Return-on-Tangible-Asset: 7.45% (107% above median its 10-year median of 3.60)
  • GF Value™: 円1,345.55 vs. price of 円2,130.00 (58.3% above fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 166.1% above the Travel & Leisure median (#230 of 859)

No single metric tells the full story. See the TSE:6570 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kyowa Co Business Description

Address 3-10-28 Wakasato, Nanagano, JPN, 380-0928
Kyowa Corp Co Ltd is engaged in developing the amusement business in the Chubu and Kanto areas.
76GF Score

Get the complete analysis for TSE:6570

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,130.00
Price
円1,345.55
GF Value