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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. NIPPON CONCEPT's annualizedNet Income for the quarter that ended in Jun. 2025 was 円1,181 Mil. NIPPON CONCEPT's average total tangible assets for the quarter that ended in Jun. 2025 was 円27,111 Mil. Therefore, NIPPON CONCEPT's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2025 was 4.36%.
The historical rank and industry rank for NIPPON CONCEPT's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9386'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.44 Med: 8.24 Max: 13.54
Current: 5.44
During the past 13 years, NIPPON CONCEPT's highest Return-on-Tangible-Asset was 13.54%. The lowest was 5.44%. And the median was 8.24%.
TSE:9386's Return-on-Tangible-Asset is not ranked
in the Oil & Gas industry.
Industry Median: 2.735
vs TSE:9386: 5.44
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.
NIPPON CONCEPT Return-on-Tangible-Asset Related Terms
NIPPON CONCEPT Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NIPPON CONCEPT'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.
TSE:9386 vs WMB, EPD, KMI: Return-on-Tangible-Asset Comparison
For the Oil & Gas Midstream subindustry, NIPPON CONCEPT'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.
NIPPON CONCEPT Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NIPPON CONCEPT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NIPPON CONCEPT'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 (Jun. 2025) net income data.
What does a Return-on-Tangible-Asset of 4.36% mean?
NIPPON CONCEPT (TSE:9386) has a Return-on-Tangible-Asset of 4.36% as of Jun. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NIPPON CONCEPT and its competitors. This is 47% below median its historical median of 8.24. Over the past decade, NIPPON CONCEPT's Return-on-Tangible-Asset has ranged from 5.44 to 13.54.
Is NIPPON CONCEPT's Return-on-Tangible-Asset too high?
NIPPON CONCEPT's current Return-on-Tangible-Asset of 4.36% is 47% below median its 10-year median of 8.24. Over the past 10 years, this metric has ranged from a low of 5.44 to a high of 13.54. The Oil & Gas industry median Return-on-Tangible-Asset is 2.74. NIPPON CONCEPT's value of 4.36% is 59.4% above this industry median. Overall, NIPPON CONCEPT has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does NIPPON CONCEPT's Return-on-Tangible-Asset compare to WMB and EPD?
NIPPON CONCEPT's Return-on-Tangible-Asset of 4.36% can be compared against companies in the Oil & Gas industry. The industry median Return-on-Tangible-Asset is 2.74. NIPPON CONCEPT's value of 4.36% is 59.4% above this benchmark. Historically, NIPPON CONCEPT's own Return-on-Tangible-Asset has ranged from 5.44 to 13.54 over the past decade. While the company's 10-year median is 8.24 vs. the industry median of 2.74, NIPPON CONCEPT 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 an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.74, based on 1,032 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. NIPPON CONCEPT's current Return-on-Tangible-Asset of 4.36% is 59.4% 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 NIPPON CONCEPT and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIPPON CONCEPT's current Return-on-Tangible-Asset is 4.36%, which is 47% below median its own 10-year median of 8.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIPPON CONCEPT stock overvalued right now?
NIPPON CONCEPT (TSE:9386) has a current Return-on-Tangible-Asset of 4.36%. The stock's GF Value™ is 円1,801.56, compared to a current price of 円3,045.00 — trading 69% above its estimated fair value. The current Return-on-Tangible-Asset is 4.36%, which is 47% below median its 10-year median of 8.24 and 59.4% above the Oil & Gas industry median of 2.74. NIPPON CONCEPT's overall GF Score™ is 68/100 with 5 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 NIPPON CONCEPT (TSE:9386), the current Return-on-Tangible-Asset is 4.36% as of Jun. 2025. 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 NIPPON CONCEPT (TSE:9386) Overvalued in 2026?
Based on GuruFocus' analysis, NIPPON CONCEPT stock appears to be overvalued.
The current stock price of 円3,045.00 is trading 69% above its estimated GF Value™ of 円1,801.56.
Key valuation signals for TSE:9386:
Return-on-Tangible-Asset: 4.36% (47% below median its 10-year median of 8.24)
GF Value™: 円1,801.56 vs. price of 円3,045.00 (69% above fair value)
Industry Position: 59.4% above the Oil & Gas median
No single metric tells the full story. See the TSE:9386 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NIPPON CONCEPT Corp is engaged in the business of transportation of chemicals and various gases. The company is also involved in the storage of liquid cargo, recovery and destruction of freon gas, cleaning and maintenance of chemical tank containers, and storage and inspection of gas tank containers.
68GF Score
Get the complete analysis for TSE:9386
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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