Image Information (TSE:3803) ROCE %: -34.53% (As of Mar. 2026)

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:3803 Image Information Inc TSE:3803
44 GF Score
Price 円440.00
GF Value 円581.03
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Image Information ROCE %?

Image Information TSE:3803 -6.38% 44 ROCE % is -34.53% as of Mar. 2026. GuruFocus rates TSE:3803 with a GF Score™ of 44/100 and a GF Value™ of 円581.03 (Modestly Undervalued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Image Information's annualized ROCE % for the quarter that ended in Mar. 2026 was -34.53%.

Image Information  (TSE:3803) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Image Information ROCE % Related Terms

Image Information ROCE % Historical Data

* Premium members only.

The historical data trend for Image Information's ROCE % 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.

Image Information ROCE % Chart

Image Information Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.72 9.45 -2.24 -5.72 -39.29

Image Information Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROCE % 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 0.99 16.56 -27.91 -72.83 -34.53
TSE:3803
44GF Score
Image Information Inc TSE:3803
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Image Information ROCE % Calculation

Image Information's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=-269.223/( ( (614.394 - 117.632) + (1001.773 - 127.966) )/ 2 )
=-269.223/( (496.762+873.807)/ 2 )
=-269.223/685.2845
=-39.29 %

Image Information's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=-217.328/( ( (559.073 - 173.989) + (1001.773 - 127.966) )/ 2 )
=-217.328/( ( 385.084 + 873.807 )/ 2 )
=-217.328/629.4455
=-34.53 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -34.53% mean?
Image Information (TSE:3803) has a ROCE % of -34.53% as of Mar. 2026.
Is Image Information's ROCE % too high?
Image Information's current ROCE % is -34.53%. Overall, Image Information has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Image Information's ROCE % compare to IBM and ACN?
Image Information's ROCE % of -34.53% can be compared against companies in the Software industry. The industry median ROCE % is 5.29. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Software company?
The median ROCE % among Software companies is 5.29, based on 2,719 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median ROCE % is 5.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Image Information's current ROCE % is -34.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Image Information stock overvalued right now?
Based on GuruFocus' analysis, Image Information (TSE:3803) is currently considered Modestly Undervalued. The stock's GF Value™ is 円581.03, compared to a current price of 円440.00 — trading 24.3% below its estimated fair value. The current ROCE % is -34.53%. Image Information's overall GF Score™ is 44/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Image Information (TSE:3803), the current ROCE % is -34.53% 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 Image Information (TSE:3803) Overvalued in 2026?

Based on GuruFocus' analysis, Image Information stock appears to be undervalued. The current stock price of 円440.00 is trading 24.3% below its estimated GF Value™ of 円581.03. GuruFocus considers Image Information to be Modestly Undervalued.

Key valuation signals for TSE:3803:

  • ROCE %: -34.53%
  • GF Value™: 円581.03 vs. price of 円440.00 (24.3% below fair value)
  • GF Score™: 44/100 with 3 warning signs

No single metric tells the full story. See the TSE:3803 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Image Information Business Description

Address 2-4-11 Inuzuka Sarugakucho, Inuzuka Building 1st Floor, Tokyo, JPN, 101-0064
Image Information Inc is engaged in delivering high value, low risk document and information management systems to the commercial and government sectors. It also has IT solution business, a nanotechnology business, medical business, sports, and healthcare business. Its product and solutions include Broadom, i-case smart, and easynavi.
44GF Score

Get the complete analysis for TSE:3803

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

円440.00
Price
円581.03
GF Value