Hotman Co (TSE:3190) ROE %: 13.34% (As of Mar. 2026) — 200% Above Median


TSE:3190 Hotman Co Ltd TSE:3190
61 GF Score
Price 円571.00
GF Value 円621.85
Valuation Fairly Valued
! 2 Warning Signs
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What is Hotman Co ROE %?

Hotman Co TSE:3190 -0.70% 61 ROE % is 13.34% as of Mar. 2026, which is 200% above its 10-year median of 4.44. GuruFocus rates TSE:3190 with a GF Score™ of 61/100 and a GF Value™ of 円621.85 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,020 Manufacturing - Apparel & Accessories companies, Hotman Co ranks better than 53.33% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Hotman Co's annualized net income for the quarter that ended in Mar. 2026 was 円1,000 Mil. Hotman Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円7,497 Mil. Therefore, Hotman Co's annualized ROE % for the quarter that ended in Mar. 2026 was 13.34%.

The historical rank and industry rank for Hotman Co's ROE % or its related term are showing as below:

TSE:3190' s ROE % Range Over the Past 10 Years
Min: 1.42   Med: 4.44   Max: 6.06
Current: 4.79

During the past 13 years, Hotman Co's highest ROE % was 6.06%. The lowest was 1.42%. And the median was 4.44%.

TSE:3190's ROE % is ranked better than
53.33% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.04 vs TSE:3190: 4.79

Hotman Co  (TSE:3190) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1000.248/7496.542
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1000.248 / 25856.444)*(25856.444 / 16434.279)*(16434.279 / 7496.542)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.87 %*1.5733*2.1922
=ROA %*Equity Multiplier
=6.09 %*2.1922
=13.34 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1000.248/7496.542
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1000.248 / 1483.154) * (1483.154 / 1700.5) * (1700.5 / 25856.444) * (25856.444 / 16434.279) * (16434.279 / 7496.542)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6744 * 0.8722 * 6.58 % * 1.5733 * 2.1922
=13.34 %

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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Hotman Co ROE % Related Terms


Hotman Co ROE % Historical Data

* Premium members only.

The historical data trend for Hotman Co's ROE % 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.

Hotman Co ROE % Chart

Hotman Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.85 2.69 2.90 4.61 4.72

Hotman Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROE % 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 10.22 -2.95 12.24 -3.91 13.34

Hotman Co ROE % Competitor Comparison

For the Textile Manufacturing subindustry, Hotman Co's ROE %, along with its competitors' market caps and ROE % 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.


Hotman Co ROE % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hotman Co's ROE % distribution charts can be found below:

* The bar in red indicates where Hotman Co's ROE % falls into.


TSE:3190
61GF Score
Hotman Co Ltd TSE:3190
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hotman Co ROE % Calculation

Hotman Co's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=356.956/( (7386.506+7733.405)/ 2 )
=356.956/7559.9555
=4.72 %

Hotman Co's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Sep. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=1000.248/( (7259.679+7733.405)/ 2 )
=1000.248/7496.542
=13.34 %

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

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 13.34% mean?
Hotman Co (TSE:3190) has a ROE % of 13.34% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Hotman Co and its competitors. This is 200% above median its historical median of 4.44. Over the past decade, Hotman Co's ROE % has ranged from 1.42 to 6.06. According to the industry distribution chart, Hotman Co ranks #476 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 46.7%.
Is Hotman Co's ROE % too high?
Hotman Co's current ROE % of 13.34% is 200% above median its 10-year median of 4.44. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 6.06. The Manufacturing - Apparel & Accessories industry median ROE % is 4.04. Hotman Co's value of 13.34% is 230.2% above this industry median. Based on the distribution chart, Hotman Co ranks #476 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Hotman Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hotman Co's ROE % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Hotman Co ranks #476 out of 1020 companies for ROE %. This puts Hotman Co in the upper half of its industry. The industry median ROE % is 4.04. Hotman Co's value of 13.34% is 230.2% above this benchmark. Historically, Hotman Co's own ROE % has ranged from 1.42 to 6.06 over the past decade. While the company's 10-year median is 4.44 vs. the industry median of 4.04, Hotman Co has consistently been above 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 ROE % for a Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.04, based on 1,020 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hotman Co's current ROE % of 13.34% is 230.2% above 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Hotman Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hotman Co's current ROE % is 13.34%, which is 200% above median its own 10-year median of 4.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hotman Co stock overvalued right now?
Based on GuruFocus' analysis, Hotman Co (TSE:3190) is currently considered Fairly Valued. The stock's GF Value™ is 円621.85, compared to a current price of 円571.00 — trading 8.2% below its estimated fair value. The current ROE % is 13.34%, which is 200% above median its 10-year median of 4.44 and 230.2% above the Manufacturing - Apparel & Accessories industry median of 4.04. Hotman Co's overall GF Score™ is 61/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Hotman Co (TSE:3190), the current ROE % is 13.34% 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 Hotman Co (TSE:3190) Overvalued in 2026?

Based on GuruFocus' analysis, Hotman Co stock appears to be undervalued. The current stock price of 円571.00 is trading 8.2% below its estimated GF Value™ of 円621.85. GuruFocus considers Hotman Co to be Fairly Valued.

Key valuation signals for TSE:3190:

  • ROE %: 13.34% (200% above median its 10-year median of 4.44)
  • GF Value™: 円621.85 vs. price of 円571.00 (8.2% below fair value)
  • GF Score™: 61/100 with 2 warning signs
  • Industry Position: 230.2% above the Manufacturing - Apparel & Accessories median (#476 of 1020)

No single metric tells the full story. See the TSE:3190 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hotman Co Business Description

Address 4-4-17 Nishitaga, Taihaku-ku, Miyagi-ken, Sendai, JPN, 982?0034
Hotman Co Ltd is a Japan-based company engaged in the automotive supplies and automotive-related business. Its operating segments include: the Yellow Hat Business, which sells, installs, and maintains car accessories; the TSUTAYA Business, which offers books, stationery, and DVD rentals; and the Up Garage Business, focused on buying and selling used car-related products. It generates the majority of its revenue from the Yellow Hat Business.
61GF Score

Get the complete analysis for TSE:3190

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

円571.00
Price
円621.85
GF Value