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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. Harada Industry Co's annualized net income for the quarter that ended in Mar. 2026 was 円-6,259 Mil. Harada Industry Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円13,861 Mil. Therefore, Harada Industry Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -45.15%.
The historical rank and industry rank for Harada Industry Co's Return-on-Tangible-Equity or its related term are showing as below:
TSE:6904'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -13.88 Med: 2.36 Max: 7.76
Current: 3.24
During the past 13 years, Harada Industry Co's highest Return-on-Tangible-Equity was 7.76%. The lowest was -13.88%. And the median was 2.36%.
TSE:6904's Return-on-Tangible-Equity is ranked worse than 58.48% of 2382
companies
in the Hardware industry
Industry Median: 5.43
vs TSE:6904: 3.24
Harada Industry Co (TSE:6904) 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.
Harada Industry Co Return-on-Tangible-Equity Related Terms
Harada Industry Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Harada Industry 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.
Harada Industry Co Return-on-Tangible-Equity Chart
TSE:6904 vs CSCO, MSI, HPE: Return-on-Tangible-Equity Comparison
For the Communication Equipment subindustry, Harada Industry 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.
Harada Industry Co Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Harada Industry Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Harada Industry 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 four times the quarterly (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 -45.15% mean?
Harada Industry Co (TSE:6904) has a Return-on-Tangible-Equity of -45.15% 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 Harada Industry Co and its competitors. According to the industry distribution chart, Harada Industry Co ranks #1393 out of 2382 companies in the Hardware industry, placing it in the top 58.5%.
Is Harada Industry Co's Return-on-Tangible-Equity too high?
Harada Industry Co's current Return-on-Tangible-Equity is -45.15%. Based on the distribution chart, Harada Industry Co ranks #1393 out of 2382 companies in the Hardware industry, which is below the industry midpoint. Overall, Harada Industry Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harada Industry Co's Return-on-Tangible-Equity compare to CSCO and MSI?
According to the Hardware industry distribution chart, Harada Industry Co ranks #1393 out of 2382 companies for Return-on-Tangible-Equity. This places Harada Industry Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.43. 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.43, based on 2,382 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. 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 Harada Industry Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harada Industry Co's current Return-on-Tangible-Equity is -45.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harada Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Harada Industry Co (TSE:6904) is currently considered Modestly Undervalued. The stock's GF Value™ is 円507.81, compared to a current price of 円451.00 — trading 11.2% below its estimated fair value. The current Return-on-Tangible-Equity is -45.15%. Harada Industry Co's overall GF Score™ is 64/100 with 3 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 Harada Industry Co (TSE:6904), the current Return-on-Tangible-Equity is -45.15% 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 Harada Industry Co (TSE:6904) Overvalued in 2026?
Based on GuruFocus' analysis, Harada Industry Co stock appears to be undervalued.
The current stock price of 円451.00 is trading 11.2% below its estimated GF Value™ of 円507.81.
GuruFocus considers Harada Industry Co to be Modestly Undervalued.
Key valuation signals for TSE:6904:
Return-on-Tangible-Equity: -45.15%
GF Value™: 円507.81 vs. price of 円451.00 (11.2% below fair value)
No single metric tells the full story. See the TSE:6904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harada Industry Co Ltd manufactures and sells automotive antennas, wireless and data communications antennas, mobile device antennas, actuators, and various automotive parts, electronic devices, and components. It manufactures antennas for radio, GPS, telephone, DSRC, ETC, television. It also provides cables, such as copper clad aluminum, coaxial, and shielded twisted pair cables, as well as connectors.
64GF Score
Get the complete analysis for TSE:6904
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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