Free Style (TSE:528A) ROCE %: 5.16% (As of Sep. 2025)

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:528A Free Style Inc TSE:528A
9 GF Score
Price 円1,080.00
! 3 Warning Signs
View Full Analysis

What is Free Style ROCE %?

Free Style TSE:528A 9 ROCE % is 5.16% as of Sep. 2025. GuruFocus rates TSE:528A with a GF Score™ of 9/100. 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. Free Style's annualized ROCE % for the quarter that ended in Sep. 2025 was 5.16%.

Free Style  (TSE:528A) 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.

Free Style ROCE % Related Terms

Free Style ROCE % Historical Data

* Premium members only.

The historical data trend for Free Style'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.

Free Style ROCE % Chart

Free Style Annual Data
Trend Mar24 Mar25
ROCE %
8.31 10.89

Free Style Semi-Annual Data
Mar24 Mar25 Sep25
ROCE % 0.00 0.00 5.16
TSE:528A
9GF Score
Free Style Inc TSE:528A
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Free Style ROCE % Calculation

Free Style's annualized ROCE % for the fiscal year that ended in Mar. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=54.872/( ( (764.29 - 270.364) + (813.75 - 299.959) )/ 2 )
=54.872/( (493.926+513.791)/ 2 )
=54.872/503.8585
=10.89 %

Free Style's ROCE % of for the quarter that ended in Sep. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2025 )  (Q: Mar. 2025 )(Q: Sep. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2025 )  (Q: Mar. 2025 )(Q: Sep. 2025 )
=25.808/( ( (813.75 - 299.959) + (802.571 - 316.074) )/ 2 )
=25.808/( ( 513.791 + 486.497 )/ 2 )
=25.808/500.144
=5.16 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2025) 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 5.16% mean?
Free Style (TSE:528A) has a ROCE % of 5.16% as of Sep. 2025.
Is Free Style's ROCE % too high?
Free Style's current ROCE % is 5.16%. The Software industry median ROCE % is 5.29. Free Style's value of 5.16% is 2.5% below this industry median. Overall, Free Style has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Free Style's ROCE % compare to UBER and CRM?
Free Style's ROCE % of 5.16% can be compared against companies in the Software industry. The industry median ROCE % is 5.29. Free Style's value of 5.16% is 2.5% below this benchmark. 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. Free Style's current ROCE % of 5.16% is 2.5% 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 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. Free Style's current ROCE % is 5.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Free Style stock overvalued right now?
Free Style (TSE:528A) has a current ROCE % of 5.16%. The current ROCE % is 5.16% and 2.5% below the Software industry median of 5.29. Free Style's overall GF Score™ is 9/100 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 Free Style (TSE:528A), the current ROCE % is 5.16% as of Sep. 2025. 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.

Free Style Business Description

Address 1-5-13, Nishiki, 9th floor of ORIX Nagoya Nishiki Building, Aichi Prefecture, Nagoya, JPN, 460-0003
Free Style Inc is engaged in Software Development and Staffing Services. The IT Solutions Division provides a variety of services such as network infrastructure development, operation, maintenance, server and system construction, and program development. The company is also engaged in the Contract Development Business and Game Development Business.
9GF Score

Get the complete analysis for TSE:528A

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

円1,080.00
Price