Toyo Tec Co (TSE:9686) ROA %: 2.35% (As of Mar. 2026) — 17% 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:9686 Toyo Tec Co Ltd TSE:9686
88 GF Score
Price 円1,640.00
GF Value 円1,721.53
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Toyo Tec Co ROA %?

Toyo Tec Co TSE:9686 88 ROA % is 2.35% as of Mar. 2026, which is 17% above its 10-year median of 2.01. GuruFocus rates TSE:9686 with a GF Score™ of 88/100 and a GF Value™ of 円1,721.53 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,096 Business Services companies, Toyo Tec Co ranks better than 59.22% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Toyo Tec Co's annualized Net Income for the quarter that ended in Mar. 2026 was 円947 Mil. Toyo Tec Co's average Total Assets over the quarter that ended in Mar. 2026 was 円40,321 Mil. Therefore, Toyo Tec Co's annualized ROA % for the quarter that ended in Mar. 2026 was 2.35%.

The historical rank and industry rank for Toyo Tec Co's ROA % or its related term are showing as below:

TSE:9686' s ROA % Range Over the Past 10 Years
Min: 1.48   Med: 2.01   Max: 5.03
Current: 4.94

During the past 13 years, Toyo Tec Co's highest ROA % was 5.03%. The lowest was 1.48%. And the median was 2.01%.

TSE:9686's ROA % is ranked better than
59.22% of 1096 companies
in the Business Services industry
Industry Median: 3.465 vs TSE:9686: 4.94

Toyo Tec Co  (TSE:9686) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=946.65/40320.508
=(Net Income / Revenue)*(Revenue / Total Assets)
=(946.65 / 37049.126)*(37049.126 / 40320.508)
=Net Margin %*Asset Turnover
=2.56 %*0.9189
=2.35 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data.

* 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.


Be Aware

Like ROE, ROA % 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. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Toyo Tec Co ROA % Related Terms


Toyo Tec Co ROA % Historical Data

* Premium members only.

The historical data trend for Toyo Tec Co's ROA % 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.

Toyo Tec Co ROA % Chart

Toyo Tec Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.48 2.41 1.86 1.86 5.03

Toyo Tec Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROA % 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 2.37 0.45 3.18 7.47 2.35

TSE:9686 vs ALLE, MSA, ADT: ROA % Comparison

For the Security & Protection Services subindustry, Toyo Tec Co's ROA %, along with its competitors' market caps and ROA % 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.


Toyo Tec Co ROA % vs Business Services Industry

For the Business Services industry and Industrials sector, Toyo Tec Co's ROA % distribution charts can be found below:

* The bar in red indicates where Toyo Tec Co's ROA % falls into.


TSE:9686
88GF Score
Toyo Tec Co Ltd TSE:9686
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toyo Tec Co ROA % Calculation

Toyo Tec Co's annualized ROA % for the fiscal year that ended in Mar. 2026 is calculated as:

ROA %=Net Income (A: Mar. 2026 )/( (Total Assets (A: Mar. 2025 )+Total Assets (A: Mar. 2026 ))/ count )
=1968.261/( (38798.596+39389.881)/ 2 )
=1968.261/39094.2385
=5.03 %

Toyo Tec Co's annualized ROA % for the quarter that ended in Mar. 2026 is calculated as:

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Sep. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=946.65/( (41251.135+39389.881)/ 2 )
=946.65/40320.508
=2.35 %

* 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 ROA %, the net income of the last fiscal year and the average total assets 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. ROA % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 2.35% mean?
Toyo Tec Co (TSE:9686) has a ROA % of 2.35% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Toyo Tec Co and its competitors. This is 17% above median its historical median of 2.01. Over the past decade, Toyo Tec Co's ROA % has ranged from 1.48 to 5.03. According to the industry distribution chart, Toyo Tec Co ranks #447 out of 1096 companies in the Business Services industry, placing it in the top 40.8%.
Is Toyo Tec Co's ROA % too high?
Toyo Tec Co's current ROA % of 2.35% is 17% above median its 10-year median of 2.01. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 5.03. The Business Services industry median ROA % is 3.47. Toyo Tec Co's value of 2.35% is 32.2% below this industry median. Based on the distribution chart, Toyo Tec Co ranks #447 out of 1096 companies in the Business Services industry, which is above the industry midpoint. Overall, Toyo Tec Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toyo Tec Co's ROA % compare to ALLE and MSA?
According to the Business Services industry distribution chart, Toyo Tec Co ranks #447 out of 1096 companies for ROA %. This puts Toyo Tec Co in the upper half of its industry. The industry median ROA % is 3.47. Toyo Tec Co's value of 2.35% is 32.2% below this benchmark. Historically, Toyo Tec Co's own ROA % has ranged from 1.48 to 5.03 over the past decade. While the company's 10-year median is 2.01 vs. the industry median of 3.47, Toyo Tec 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 ROA % for a Business Services company?
The median ROA % among Business Services companies is 3.47, based on 1,096 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Toyo Tec Co's current ROA % of 2.35% is 32.2% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Toyo Tec Co and its competitors. For the Business Services industry, the median ROA % is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyo Tec Co's current ROA % is 2.35%, which is 17% above median its own 10-year median of 2.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Tec Co stock overvalued right now?
Based on GuruFocus' analysis, Toyo Tec Co (TSE:9686) is currently considered Fairly Valued. The stock's GF Value™ is 円1,721.53, compared to a current price of 円1,640.00 — trading 4.7% below its estimated fair value. The current ROA % is 2.35%, which is 17% above median its 10-year median of 2.01 and 32.2% below the Business Services industry median of 3.47. Toyo Tec Co's overall GF Score™ is 88/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Toyo Tec Co (TSE:9686), the current ROA % is 2.35% 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 Toyo Tec Co (TSE:9686) Overvalued in 2026?

Based on GuruFocus' analysis, Toyo Tec Co stock appears to be undervalued. The current stock price of 円1,640.00 is trading 4.7% below its estimated GF Value™ of 円1,721.53. GuruFocus considers Toyo Tec Co to be Fairly Valued.

Key valuation signals for TSE:9686:

  • ROA %: 2.35% (17% above median its 10-year median of 2.01)
  • GF Value™: 円1,721.53 vs. price of 円1,640.00 (4.7% below fair value)
  • GF Score™: 88/100 with 2 warning signs
  • Industry Position: 32.2% below the Business Services median (#447 of 1096)

No single metric tells the full story. See the TSE:9686 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toyo Tec Co Business Description

Address 1-7-18 Sakuragawa, Osaka, JPN
Toyo Tec Co Ltd is engaged in security and protection services. The product line includes, Online security TEC alert system, Image monitoring service, TEC-G premier, Surveillance camera system, Entering and leaving management system, Facility security services, Transport security service, ATM management work, Crowd guard, and Face authentication system.
88GF Score

Get the complete analysis for TSE:9686

ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,640.00
Price
円1,721.53
GF Value