Kusuri No Aoki Holdings (TSE:3549) ROE %: 13.36% (As of Nov. 2025) — 28% Below Median


TSE:3549 Kusuri No Aoki Holdings TSE:3549
92 GF Score
Price 円3,533.00
GF Value 円4,067.87
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Kusuri No Aoki Holdings ROE %?

Kusuri No Aoki Holdings TSE:3549 -0.79% 92 ROE % is 13.36% as of Nov. 2025, which is 28% below its 10-year median of 18.68. GuruFocus rates TSE:3549 with a GF Score™ of 92/100 and a GF Value™ of 円4,067.87 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 625 Healthcare Providers & Services companies, Kusuri No Aoki Holdings ranks better than 72.96% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Kusuri No Aoki Holdings's annualized net income for the quarter that ended in Nov. 2025 was 円18,424 Mil. Kusuri No Aoki Holdings's average Total Stockholders Equity over the quarter that ended in Nov. 2025 was 円137,898 Mil. Therefore, Kusuri No Aoki Holdings's annualized ROE % for the quarter that ended in Nov. 2025 was 13.36%.

The historical rank and industry rank for Kusuri No Aoki Holdings's ROE % or its related term are showing as below:

TSE:3549' s ROE % Range Over the Past 10 Years
Min: 11.4   Med: 18.68   Max: 25.93
Current: 13.59

During the past 13 years, Kusuri No Aoki Holdings's highest ROE % was 25.93%. The lowest was 11.40%. And the median was 18.68%.

TSE:3549's ROE % is ranked better than
72.96% of 625 companies
in the Healthcare Providers & Services industry
Industry Median: 5.84 vs TSE:3549: 13.59

Kusuri No Aoki Holdings  (TSE:3549) 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: Nov. 2025 )
=Net Income/Total Stockholders Equity
=18424/137897.5
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(18424 / 560292)*(560292 / 388124.5)*(388124.5 / 137897.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.29 %*1.4436*2.8146
=ROA %*Equity Multiplier
=4.75 %*2.8146
=13.36 %

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: Nov. 2025 )
=Net Income/Total Stockholders Equity
=18424/137897.5
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (18424 / 25100) * (25100 / 24924) * (24924 / 560292) * (560292 / 388124.5) * (388124.5 / 137897.5)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.734 * 1.0071 * 4.45 % * 1.4436 * 2.8146
=13.36 %

Note: The net income data used here is four times the quarterly (Nov. 2025) net income data. The Revenue data used here is four times the quarterly (Nov. 2025) 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.


Kusuri No Aoki Holdings ROE % Related Terms


Kusuri No Aoki Holdings ROE % Historical Data

* Premium members only.

The historical data trend for Kusuri No Aoki Holdings'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.

Kusuri No Aoki Holdings ROE % Chart

Kusuri No Aoki Holdings Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.77 11.96 13.29 11.40 13.52

Kusuri No Aoki Holdings Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 14.39 10.53 13.96 13.36 16.88

Kusuri No Aoki Holdings ROE % Competitor Comparison

For the Pharmaceutical Retailers subindustry, Kusuri No Aoki Holdings'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.


Kusuri No Aoki Holdings ROE % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Kusuri No Aoki Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Kusuri No Aoki Holdings's ROE % falls into.


TSE:3549
92GF Score
Kusuri No Aoki Holdings TSE:3549
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Kusuri No Aoki Holdings ROE % Calculation

Kusuri No Aoki Holdings's annualized ROE % for the fiscal year that ended in May. 2025 is calculated as

ROE %=Net Income (A: May. 2025 )/( (Total Stockholders Equity (A: May. 2024 )+Total Stockholders Equity (A: May. 2025 ))/ count )
=17786/( (117418+145757)/ 2 )
=17786/131587.5
=13.52 %

Kusuri No Aoki Holdings's annualized ROE % for the quarter that ended in Nov. 2025 is calculated as

ROE %=Net Income (Q: Nov. 2025 )/( (Total Stockholders Equity (Q: Aug. 2025 )+Total Stockholders Equity (Q: Nov. 2025 ))/ count )
=18424/( (142594+133201)/ 2 )
=18424/137897.5
=13.36 %

* 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 four times the quarterly (Nov. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 13.36% mean?
Kusuri No Aoki Holdings (TSE:3549) has a ROE % of 13.36% as of Nov. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Kusuri No Aoki Holdings and its competitors. This is 28% below median its historical median of 18.68. Over the past decade, Kusuri No Aoki Holdings' ROE % has ranged from 11.40 to 25.93. According to the industry distribution chart, Kusuri No Aoki Holdings ranks #169 out of 625 companies in the Healthcare Providers & Services industry, placing it in the top 27%.
Is Kusuri No Aoki Holdings' ROE % too high?
Kusuri No Aoki Holdings' current ROE % of 13.36% is 28% below median its 10-year median of 18.68. Over the past 10 years, this metric has ranged from a low of 11.40 to a high of 25.93. The Healthcare Providers & Services industry median ROE % is 5.84. Kusuri No Aoki Holdings' value of 13.36% is 128.8% above this industry median. Based on the distribution chart, Kusuri No Aoki Holdings ranks #169 out of 625 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Kusuri No Aoki Holdings has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kusuri No Aoki Holdings' ROE % compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Kusuri No Aoki Holdings ranks #169 out of 625 companies for ROE %. This puts Kusuri No Aoki Holdings in the upper half of its industry. The industry median ROE % is 5.84. Kusuri No Aoki Holdings' value of 13.36% is 128.8% above this benchmark. Historically, Kusuri No Aoki Holdings' own ROE % has ranged from 11.40 to 25.93 over the past decade. While the company's 10-year median is 18.68 vs. the industry median of 5.84, Kusuri No Aoki Holdings 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 Healthcare Providers & Services company?
The median ROE % among Healthcare Providers & Services companies is 5.84, based on 625 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. Kusuri No Aoki Holdings's current ROE % of 13.36% is 128.8% 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 Kusuri No Aoki Holdings and its competitors. For the Healthcare Providers & Services industry, the median ROE % is 5.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kusuri No Aoki Holdings's current ROE % is 13.36%, which is 28% below median its own 10-year median of 18.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kusuri No Aoki Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kusuri No Aoki Holdings (TSE:3549) is currently considered Modestly Undervalued. The stock's GF Value™ is 円4,067.87, compared to a current price of 円3,533.00 — trading 13.1% below its estimated fair value. The current ROE % is 13.36%, which is 28% below median its 10-year median of 18.68 and 128.8% above the Healthcare Providers & Services industry median of 5.84. Kusuri No Aoki Holdings' overall GF Score™ is 92/100 with 4 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 Kusuri No Aoki Holdings (TSE:3549), the current ROE % is 13.36% as of Nov. 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.

Is Kusuri No Aoki Holdings (TSE:3549) Overvalued in 2026?

Based on GuruFocus' analysis, Kusuri No Aoki Holdings stock appears to be undervalued. The current stock price of 円3,533.00 is trading 13.1% below its estimated GF Value™ of 円4,067.87. GuruFocus considers Kusuri No Aoki Holdings to be Modestly Undervalued.

Key valuation signals for TSE:3549:

  • ROE %: 13.36% (28% below median its 10-year median of 18.68)
  • GF Value™: 円4,067.87 vs. price of 円3,533.00 (13.1% below fair value)
  • GF Score™: 92/100 with 4 warning signs
  • Industry Position: 128.8% above the Healthcare Providers & Services median (#169 of 625)

No single metric tells the full story. See the TSE:3549 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kusuri No Aoki Holdings Business Description

Address 1st Yokoe-cho 4 Block, Ishikawa Prefecture, Hakusan, JPN, 924-8510
Kusuri No Aoki Holdings is a pharmaceutical retail chain that sells health, beauty, and cleaning supplies. The company operates stores that focus primarily on residential areas in Japan. Kusuri's business includes pharmaceutical drugs, and the company also operates a bone-marrow bank. The company breaks out its sales into four different product lines, including health, beauty, life, and dispensing. The vast majority of the company's revenue is derived from its life product category, followed by beauty products. Most of Kusuri's revenue is derived from the Hokuriku region.
92GF Score

Get the complete analysis for TSE:3549

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

円3,533.00
Price
円4,067.87
GF Value