Sakai Holdings Co (TSE:9446) Return-on-Tangible-Equity: 13.78% (As of Mar. 2026) — 49% 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:9446 Sakai Holdings Co Ltd TSE:9446
68 GF Score
Price 円686.00
GF Value 円800.34
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Sakai Holdings Co Return-on-Tangible-Equity?

Sakai Holdings Co TSE:9446 -0.72% 68 Return-on-Tangible-Equity is 13.78% as of Mar. 2026, which is 49% below its 10-year median of 27.22. GuruFocus rates TSE:9446 with a GF Score™ of 68/100 and a GF Value™ of 円800.34 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 326 Telecommunication Services companies, Sakai Holdings Co ranks better than 60.74% 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. Sakai Holdings Co's annualized net income for the quarter that ended in Mar. 2026 was 円498 Mil. Sakai Holdings Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was 円3,612 Mil. Therefore, Sakai Holdings Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.78%.

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

TSE:9446' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.09   Med: 27.22   Max: 44.5
Current: 25.4

During the past 13 years, Sakai Holdings Co's highest Return-on-Tangible-Equity was 44.50%. The lowest was 9.09%. And the median was 27.22%.

TSE:9446's Return-on-Tangible-Equity is ranked better than
60.74% of 326 companies
in the Telecommunication Services industry
Industry Median: 14.255 vs TSE:9446: 25.40

Sakai Holdings Co  (TSE:9446) 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.


Sakai Holdings Co Return-on-Tangible-Equity Related Terms


Sakai Holdings Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Sakai Holdings 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.

Sakai Holdings Co Return-on-Tangible-Equity Chart

Sakai Holdings Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.51 25.72 32.59 41.99 28.71

Sakai Holdings Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Return-on-Tangible-Equity 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 21.99 60.30 16.95 37.75 13.78

TSE:9446 vs TMUS, VZ, T: Return-on-Tangible-Equity Comparison

For the Telecom Services subindustry, Sakai Holdings 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.


Sakai Holdings Co Return-on-Tangible-Equity vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Sakai Holdings Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Sakai Holdings Co's Return-on-Tangible-Equity falls into.


TSE:9446
68GF Score
Sakai Holdings Co Ltd TSE:9446
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sakai Holdings Co Return-on-Tangible-Equity Calculation

Sakai Holdings Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=987.09/( (3419.707+3455.973 )/ 2 )
=987.09/3437.84
=28.71 %

Sakai Holdings Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=497.84/( (3455.973+3768.317)/ 2 )
=497.84/3612.145
=13.78 %

* 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 13.78% mean?
Sakai Holdings Co (TSE:9446) has a Return-on-Tangible-Equity of 13.78% 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 Sakai Holdings Co and its competitors. This is 49% below median its historical median of 27.22. Over the past decade, Sakai Holdings Co's Return-on-Tangible-Equity has ranged from 9.09 to 44.50. According to the industry distribution chart, Sakai Holdings Co ranks #128 out of 326 companies in the Telecommunication Services industry, placing it in the top 39.3%.
Is Sakai Holdings Co's Return-on-Tangible-Equity too high?
Sakai Holdings Co's current Return-on-Tangible-Equity of 13.78% is 49% below median its 10-year median of 27.22. Over the past 10 years, this metric has ranged from a low of 9.09 to a high of 44.50. The Telecommunication Services industry median Return-on-Tangible-Equity is 14.26. Sakai Holdings Co's value of 13.78% is 3.3% below this industry median. Based on the distribution chart, Sakai Holdings Co ranks #128 out of 326 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Sakai Holdings Co has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sakai Holdings Co's Return-on-Tangible-Equity compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Sakai Holdings Co ranks #128 out of 326 companies for Return-on-Tangible-Equity. This puts Sakai Holdings Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 14.26. Sakai Holdings Co's value of 13.78% is 3.3% below this benchmark. Historically, Sakai Holdings Co's own Return-on-Tangible-Equity has ranged from 9.09 to 44.50 over the past decade. While the company's 10-year median is 27.22 vs. the industry median of 14.26, Sakai Holdings 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 Telecommunication Services company?
The median Return-on-Tangible-Equity among Telecommunication Services companies is 14.26, based on 326 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. Sakai Holdings Co's current Return-on-Tangible-Equity of 13.78% is 3.3% 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 Sakai Holdings Co and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Equity is 14.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sakai Holdings Co's current Return-on-Tangible-Equity is 13.78%, which is 49% below median its own 10-year median of 27.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sakai Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Sakai Holdings Co (TSE:9446) is currently considered Modestly Undervalued. The stock's GF Value™ is 円800.34, compared to a current price of 円686.00 — trading 14.3% below its estimated fair value. The current Return-on-Tangible-Equity is 13.78%, which is 49% below median its 10-year median of 27.22 and 3.3% below the Telecommunication Services industry median of 14.26. Sakai Holdings Co's overall GF Score™ is 68/100 with 7 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 Sakai Holdings Co (TSE:9446), the current Return-on-Tangible-Equity is 13.78% 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 Sakai Holdings Co (TSE:9446) Overvalued in 2026?

Based on GuruFocus' analysis, Sakai Holdings Co stock appears to be undervalued. The current stock price of 円686.00 is trading 14.3% below its estimated GF Value™ of 円800.34. GuruFocus considers Sakai Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:9446:

  • Return-on-Tangible-Equity: 13.78% (49% below median its 10-year median of 27.22)
  • GF Value™: 円800.34 vs. price of 円686.00 (14.3% below fair value)
  • GF Score™: 68/100 with 7 warning signs
  • Industry Position: 3.3% below the Telecommunication Services median (#128 of 326)

No single metric tells the full story. See the TSE:9446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sakai Holdings Co Business Description

Address 5-21-20 Chiyoda, Nagoya, JPN
Sakai Holdings Co Ltd operates in the telecommunications industry. The company sells mobile phones and provides incidental services.
68GF Score

Get the complete analysis for TSE:9446

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

円686.00
Price
円800.34
GF Value