Succeed Co (TSE:9256) Return-on-Tangible-Asset: 2.87% (As of Mar. 2026) — 75% Below 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:9256 Succeed Co Ltd TSE:9256
86 GF Score
Price 円1,153.00
GF Value 円1,108.18
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

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

Succeed Co TSE:9256 -3.92% 86 Return-on-Tangible-Asset is 2.87% as of Mar. 2026, which is 75% below its 10-year median of 11.57. GuruFocus rates TSE:9256 with a GF Score™ of 86/100 and a GF Value™ of 円1,108.18 (Fairly Valued). The stock has 4 warning signs investors should review. Among 265 Education companies, Succeed Co ranks better than 64.53% 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. Succeed Co's annualized Net Income for the quarter that ended in Mar. 2026 was 円86 Mil. Succeed Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円3,008 Mil. Therefore, Succeed Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.87%.

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

TSE:9256' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.09   Med: 11.57   Max: 16.25
Current: 8.09

During the past 7 years, Succeed Co's highest Return-on-Tangible-Asset was 16.25%. The lowest was 8.09%. And the median was 11.57%.

TSE:9256's Return-on-Tangible-Asset is ranked better than
64.53% of 265 companies
in the Education industry
Industry Median: 4.49 vs TSE:9256: 8.09

Succeed Co  (TSE:9256) 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.


Succeed Co Return-on-Tangible-Asset Related Terms


Succeed Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Succeed 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.

Succeed Co Return-on-Tangible-Asset Chart

Succeed Co Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Asset
Get a 7-Day Free Trial 16.25 11.57 8.56 9.02 8.23

Succeed Co Quarterly Data
Mar20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 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 Premium Member Only 0.00 14.42 6.29 8.63 2.87

TSE:9256 vs EDU, TAL, LAUR: Return-on-Tangible-Asset Comparison

For the Education & Training Services subindustry, Succeed 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.


Succeed Co Return-on-Tangible-Asset vs Education Industry

For the Education industry and Consumer Defensive sector, Succeed Co's Return-on-Tangible-Asset distribution charts can be found below:

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


TSE:9256
86GF Score
Succeed Co Ltd TSE:9256
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Succeed Co Return-on-Tangible-Asset Calculation

Succeed 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 )
=246.74/( (2999.843+2996.12)/ 2 )
=246.74/2997.9815
=8.23 %

Succeed 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: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=86.404/( (3018.968+2996.12)/ 2 )
=86.404/3007.544
=2.87 %

* 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 four times the quarterly (Mar. 2026) net income data.

What does a Return-on-Tangible-Asset of 2.87% mean?
Succeed Co (TSE:9256) has a Return-on-Tangible-Asset of 2.87% 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 Succeed Co and its competitors. This is 75% below median its historical median of 11.57. Over the past decade, Succeed Co's Return-on-Tangible-Asset has ranged from 8.09 to 16.25. According to the industry distribution chart, Succeed Co ranks #94 out of 265 companies in the Education industry, placing it in the top 35.5%.
Is Succeed Co's Return-on-Tangible-Asset too high?
Succeed Co's current Return-on-Tangible-Asset of 2.87% is 75% below median its 10-year median of 11.57. Over the past 10 years, this metric has ranged from a low of 8.09 to a high of 16.25. The Education industry median Return-on-Tangible-Asset is 4.49. Succeed Co's value of 2.87% is 36.1% below this industry median. Based on the distribution chart, Succeed Co ranks #94 out of 265 companies in the Education industry, which is above the industry midpoint. Overall, Succeed Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Succeed Co's Return-on-Tangible-Asset compare to EDU and TAL?
According to the Education industry distribution chart, Succeed Co ranks #94 out of 265 companies for Return-on-Tangible-Asset. This puts Succeed Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.49. Succeed Co's value of 2.87% is 36.1% below this benchmark. Historically, Succeed Co's own Return-on-Tangible-Asset has ranged from 8.09 to 16.25 over the past decade. While the company's 10-year median is 11.57 vs. the industry median of 4.49, Succeed Co has consistently been below 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 an Education company?
The median Return-on-Tangible-Asset among Education companies is 4.49, based on 265 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. Succeed Co's current Return-on-Tangible-Asset of 2.87% is 36.1% below 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 Succeed Co and its competitors. For the Education industry, the median Return-on-Tangible-Asset is 4.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Succeed Co's current Return-on-Tangible-Asset is 2.87%, which is 75% below median its own 10-year median of 11.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Succeed Co stock overvalued right now?
Based on GuruFocus' analysis, Succeed Co (TSE:9256) is currently considered Fairly Valued. The stock's GF Value™ is 円1,108.18, compared to a current price of 円1,153.00 — trading 4% above its estimated fair value. The current Return-on-Tangible-Asset is 2.87%, which is 75% below median its 10-year median of 11.57 and 36.1% below the Education industry median of 4.49. Succeed Co's overall GF Score™ is 86/100 with 4 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 Succeed Co (TSE:9256), the current Return-on-Tangible-Asset is 2.87% 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 Succeed Co (TSE:9256) Overvalued in 2026?

Based on GuruFocus' analysis, Succeed Co stock appears to be overvalued. The current stock price of 円1,153.00 is trading 4% above its estimated GF Value™ of 円1,108.18. GuruFocus considers Succeed Co to be Fairly Valued.

Key valuation signals for TSE:9256:

  • Return-on-Tangible-Asset: 2.87% (75% below median its 10-year median of 11.57)
  • GF Value™: 円1,108.18 vs. price of 円1,153.00 (4% above fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 36.1% below the Education median (#94 of 265)

No single metric tells the full story. See the TSE:9256 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Succeed Co Business Description

Address 1-4-15 Takadanobaba, 8th Floor, Taiki Life Takadanobaba Building, Shinjuku-ku, Tokyo, JPN, 169-0075
Succeed Co Ltd is engaged in providing In-house educational services such as the operation of tutoring classes, the introduction of tutors, and others. The company's reportable segments are: welfare human resource support business, educational human resource support business, individual instruction classroom business, and private tutoring business. Maximum revenue is generated from its individual instruction classroom business, which operates community-based individualized tutoring schools providing lessons to meet various needs, such as school supplementary lessons, exam preparation, and preparation for various tests for students from the first grade of elementary school to university entrance exam candidates.
86GF Score

Get the complete analysis for TSE:9256

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

円1,153.00
Price
円1,108.18
GF Value