Fushiki Kairiku Unso Co (TSE:9361) Return-on-Tangible-Asset: 4.20% (As of Mar. 2026) — 103% 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:9361 Fushiki Kairiku Unso Co Ltd TSE:9361
73 GF Score
Price 円2,025.00
GF Value 円1,798.29
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Fushiki Kairiku Unso Co Return-on-Tangible-Asset?

Fushiki Kairiku Unso Co TSE:9361 73 Return-on-Tangible-Asset is 4.20% as of Mar. 2026, which is 103% above its 10-year median of 2.07. GuruFocus rates TSE:9361 with a GF Score™ of 73/100 and a GF Value™ of 円1,798.29 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,017 Transportation companies, Fushiki Kairiku Unso Co ranks worse than 53.98% 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. Fushiki Kairiku Unso Co's annualized Net Income for the quarter that ended in Mar. 2026 was 円1,018 Mil. Fushiki Kairiku Unso Co's average total tangible assets for the quarter that ended in Mar. 2026 was 円24,232 Mil. Therefore, Fushiki Kairiku Unso Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.20%.

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

TSE:9361' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.69   Med: 2.07   Max: 3.45
Current: 3.44

During the past 13 years, Fushiki Kairiku Unso Co's highest Return-on-Tangible-Asset was 3.45%. The lowest was 1.69%. And the median was 2.07%.

TSE:9361's Return-on-Tangible-Asset is ranked worse than
53.98% of 1017 companies
in the Transportation industry
Industry Median: 3.83 vs TSE:9361: 3.44

Fushiki Kairiku Unso Co  (TSE:9361) 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.


Fushiki Kairiku Unso Co Return-on-Tangible-Asset Related Terms


Fushiki Kairiku Unso Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Fushiki Kairiku Unso 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.

Fushiki Kairiku Unso Co Return-on-Tangible-Asset Chart

Fushiki Kairiku Unso Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.85 3.10 2.07 2.94 3.45

Fushiki Kairiku Unso Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.80 4.44 4.42 4.20 0.76

Fushiki Kairiku Unso Co Return-on-Tangible-Asset Competitor Comparison

For the Marine Shipping subindustry, Fushiki Kairiku Unso 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.


Fushiki Kairiku Unso Co Return-on-Tangible-Asset vs Transportation Industry

For the Transportation industry and Industrials sector, Fushiki Kairiku Unso Co's Return-on-Tangible-Asset distribution charts can be found below:

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


TSE:9361
73GF Score
Fushiki Kairiku Unso Co Ltd TSE:9361
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fushiki Kairiku Unso Co Return-on-Tangible-Asset Calculation

Fushiki Kairiku Unso Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2026 )  (A: Jun. 2025 )(A: Jun. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2026 )  (A: Jun. 2025 )(A: Jun. 2026 )
=823.554/( (23444.322+24233.401)/ 2 )
=823.554/23838.8615
=3.45 %

Fushiki Kairiku Unso 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 )
=1018.388/( (24146.416+24316.964)/ 2 )
=1018.388/24231.69
=4.20 %

* 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 4.20% mean?
Fushiki Kairiku Unso Co (TSE:9361) has a Return-on-Tangible-Asset of 4.20% 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 Fushiki Kairiku Unso Co and its competitors. This is 103% above median its historical median of 2.07. Over the past decade, Fushiki Kairiku Unso Co's Return-on-Tangible-Asset has ranged from 1.69 to 3.45. According to the industry distribution chart, Fushiki Kairiku Unso Co ranks #549 out of 1017 companies in the Transportation industry, placing it in the top 54%.
Is Fushiki Kairiku Unso Co's Return-on-Tangible-Asset too high?
Fushiki Kairiku Unso Co's current Return-on-Tangible-Asset of 4.20% is 103% above median its 10-year median of 2.07. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 3.45. The Transportation industry median Return-on-Tangible-Asset is 3.83. Fushiki Kairiku Unso Co's value of 4.20% is 9.7% above this industry median. Based on the distribution chart, Fushiki Kairiku Unso Co ranks #549 out of 1017 companies in the Transportation industry, which is below the industry midpoint. Overall, Fushiki Kairiku Unso Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fushiki Kairiku Unso Co's Return-on-Tangible-Asset compare to competitors?
According to the Transportation industry distribution chart, Fushiki Kairiku Unso Co ranks #549 out of 1017 companies for Return-on-Tangible-Asset. This places Fushiki Kairiku Unso Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.83. Fushiki Kairiku Unso Co's value of 4.20% is 9.7% above this benchmark. Historically, Fushiki Kairiku Unso Co's own Return-on-Tangible-Asset has ranged from 1.69 to 3.45 over the past decade. While the company's 10-year median is 2.07 vs. the industry median of 3.83, Fushiki Kairiku Unso 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.83, based on 1,017 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. Fushiki Kairiku Unso Co's current Return-on-Tangible-Asset of 4.20% is 9.7% 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 Fushiki Kairiku Unso Co and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fushiki Kairiku Unso Co's current Return-on-Tangible-Asset is 4.20%, which is 103% above median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fushiki Kairiku Unso Co stock overvalued right now?
Based on GuruFocus' analysis, Fushiki Kairiku Unso Co (TSE:9361) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,798.29, compared to a current price of 円2,025.00 — trading 12.6% above its estimated fair value. The current Return-on-Tangible-Asset is 4.20%, which is 103% above median its 10-year median of 2.07 and 9.7% above the Transportation industry median of 3.83. Fushiki Kairiku Unso Co's overall GF Score™ is 73/100 with 1 warning sign 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 Fushiki Kairiku Unso Co (TSE:9361), the current Return-on-Tangible-Asset is 4.20% 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 Fushiki Kairiku Unso Co (TSE:9361) Overvalued in 2026?

Based on GuruFocus' analysis, Fushiki Kairiku Unso Co stock appears to be overvalued. The current stock price of 円2,025.00 is trading 12.6% above its estimated GF Value™ of 円1,798.29. GuruFocus considers Fushiki Kairiku Unso Co to be Modestly Overvalued.

Key valuation signals for TSE:9361:

  • Return-on-Tangible-Asset: 4.20% (103% above median its 10-year median of 2.07)
  • GF Value™: 円1,798.29 vs. price of 円2,025.00 (12.6% above fair value)
  • GF Score™: 73/100 with 1 warning sign
  • Industry Position: 9.7% above the Transportation median (#549 of 1017)

No single metric tells the full story. See the TSE:9361 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fushiki Kairiku Unso Co Business Description

Address No. 1, No. 5 town Fushikiminato, Toyama Prefecture, Takaoka, JPN, 933-0104
Fushiki Kairiku Unso Co Ltd is engaged in the port transportation business in Japan. The principal business activities of the company include warehousing, maritime transportation, occasional route business, shipping agency, customs clearance, packing, industrial waste collection and transportation, air transport agency, and measurement certification businesses, as well as business related to contracting and guarantee of the security.
73GF Score

Get the complete analysis for TSE:9361

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

円2,025.00
Price
円1,798.29
GF Value