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.
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.
Iwatsuka Confectionery CoTSE:2221 +0.49%67 Return-on-Tangible-Equity is 1.51% as of Mar. 2026, which is 50% below its 10-year median of 3.04. GuruFocus rates TSE:2221 with a GF Score™ of 67/100 and a GF Value™ of 円3,282.27 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,880 Consumer Packaged Goods companies, Iwatsuka Confectionery Co ranks worse than 67.98% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Iwatsuka Confectionery Co's annualized net income for the quarter that ended in Mar. 2026 was 円1,067 Mil. Iwatsuka Confectionery Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円70,796 Mil. Therefore, Iwatsuka Confectionery Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 1.51%.
The historical rank and industry rank for Iwatsuka Confectionery Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:2221'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.32 Med: 3.04 Max: 6.04
Current: 2.91
During the past 13 years, Iwatsuka Confectionery Co's highest Return-on-Tangible-Equity was 6.04%. The lowest was 1.32%. And the median was 3.04%.
TSE:2221's Return-on-Tangible-Equity is ranked worse than 67.98% of 1880
companies
in the Consumer Packaged Goods industry
Industry Median: 7.845
vs TSE:2221: 2.91
Iwatsuka Confectionery Co (TSE:2221) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Iwatsuka Confectionery Co Return-on-Tangible-Equity Related Terms
Iwatsuka Confectionery Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Iwatsuka Confectionery Co's Return-on-Tangible-Equity 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.
Iwatsuka Confectionery Co Return-on-Tangible-Equity Chart
TSE:2221 vs MDLZ, HSY, TR: Return-on-Tangible-Equity Comparison
For the Confectioners subindustry, Iwatsuka Confectionery Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Iwatsuka Confectionery Co Return-on-Tangible-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Iwatsuka Confectionery Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Iwatsuka Confectionery Co's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 1.51% mean?
Iwatsuka Confectionery Co (TSE:2221) has a Return-on-Tangible-Equity of 1.51% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Iwatsuka Confectionery Co and its competitors. This is 50% below median its historical median of 3.04. Over the past decade, Iwatsuka Confectionery Co's Return-on-Tangible-Equity has ranged from 1.32 to 6.04. According to the industry distribution chart, Iwatsuka Confectionery Co ranks #1278 out of 1880 companies in the Consumer Packaged Goods industry, placing it in the top 68%.
Is Iwatsuka Confectionery Co's Return-on-Tangible-Equity too high?
Iwatsuka Confectionery Co's current Return-on-Tangible-Equity of 1.51% is 50% below median its 10-year median of 3.04. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 6.04. The Consumer Packaged Goods industry median Return-on-Tangible-Equity is 7.85. Iwatsuka Confectionery Co's value of 1.51% is 80.8% below this industry median. Based on the distribution chart, Iwatsuka Confectionery Co ranks #1278 out of 1880 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Iwatsuka Confectionery Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Iwatsuka Confectionery Co's Return-on-Tangible-Equity compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Iwatsuka Confectionery Co ranks #1278 out of 1880 companies for Return-on-Tangible-Equity. This places Iwatsuka Confectionery Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.85. Iwatsuka Confectionery Co's value of 1.51% is 80.8% below this benchmark. Historically, Iwatsuka Confectionery Co's own Return-on-Tangible-Equity has ranged from 1.32 to 6.04 over the past decade. While the company's 10-year median is 3.04 vs. the industry median of 7.85, Iwatsuka Confectionery 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-Equity for a Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.85, based on 1,880 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Iwatsuka Confectionery Co's current Return-on-Tangible-Equity of 1.51% is 80.8% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Iwatsuka Confectionery Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iwatsuka Confectionery Co's current Return-on-Tangible-Equity is 1.51%, which is 50% below median its own 10-year median of 3.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iwatsuka Confectionery Co stock overvalued right now?
Based on GuruFocus' analysis, Iwatsuka Confectionery Co (TSE:2221) is currently considered Fairly Valued. The stock's GF Value™ is 円3,282.27, compared to a current price of 円3,070.00 — trading 6.5% below its estimated fair value. The current Return-on-Tangible-Equity is 1.51%, which is 50% below median its 10-year median of 3.04 and 80.8% below the Consumer Packaged Goods industry median of 7.85. Iwatsuka Confectionery Co's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Iwatsuka Confectionery Co (TSE:2221), the current Return-on-Tangible-Equity is 1.51% 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 Iwatsuka Confectionery Co (TSE:2221) Overvalued in 2026?
Based on GuruFocus' analysis, Iwatsuka Confectionery Co stock appears to be undervalued.
The current stock price of 円3,070.00 is trading 6.5% below its estimated GF Value™ of 円3,282.27.
GuruFocus considers Iwatsuka Confectionery Co to be Fairly Valued.
Key valuation signals for TSE:2221:
Return-on-Tangible-Equity: 1.51% (50% below median its 10-year median of 3.04)
GF Value™: 円3,282.27 vs. price of 円3,070.00 (6.5% below fair value)
Industry Position: 80.8% below the Consumer Packaged Goods median (#1278 of 1880)
No single metric tells the full story. See the TSE:2221 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Iwatsuka Confectionery Co Ltd manufactures and sells rice crackers. It a Japanese firm. Its products include black bean rice crackers, pinch black pepper shrimp, cake flour, wet rice crackers and rice crackers for babies.
67GF Score
Get the complete analysis for TSE:2221
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:2221 has been successfully added to your 
