TOSE Co (TSE:4728) ROE %: 7.78% (As of Feb. 2026) — 110% Above Median


TSE:4728 TOSE Co Ltd TSE:4728
60 GF Score
Price 円640.00
GF Value 円861.93
Valuation Modestly Undervalued
! 2 Warning Signs
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What is TOSE Co ROE %?

TOSE Co TSE:4728 -0.47% 60 ROE % is 7.78% as of Feb. 2026, which is 110% above its 10-year median of 3.71. GuruFocus rates TSE:4728 with a GF Score™ of 60/100 and a GF Value™ of 円861.93 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 534 Interactive Media companies, TOSE Co ranks better than 60.86% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. TOSE Co's annualized net income for the quarter that ended in Feb. 2026 was 円485 Mil. TOSE Co's average Total Stockholders Equity over the quarter that ended in Feb. 2026 was 円6,233 Mil. Therefore, TOSE Co's annualized ROE % for the quarter that ended in Feb. 2026 was 7.78%.

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

TSE:4728' s ROE % Range Over the Past 10 Years
Min: -4.15   Med: 3.71   Max: 7.85
Current: 6.46

During the past 13 years, TOSE Co's highest ROE % was 7.85%. The lowest was -4.15%. And the median was 3.71%.

TSE:4728's ROE % is ranked better than
60.86% of 534 companies
in the Interactive Media industry
Industry Median: 2.345 vs TSE:4728: 6.46

TOSE Co  (TSE:4728) 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: Feb. 2026 )
=Net Income/Total Stockholders Equity
=485.054/6232.646
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(485.054 / 6918.022)*(6918.022 / 7797.6675)*(7797.6675 / 6232.646)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.01 %*0.8872*1.2511
=ROA %*Equity Multiplier
=6.22 %*1.2511
=7.78 %

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: Feb. 2026 )
=Net Income/Total Stockholders Equity
=485.054/6232.646
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (485.054 / 727.236) * (727.236 / 663.998) * (663.998 / 6918.022) * (6918.022 / 7797.6675) * (7797.6675 / 6232.646)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.667 * 1.0952 * 9.6 % * 0.8872 * 1.2511
=7.78 %

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


TOSE Co ROE % Related Terms


TOSE Co ROE % Historical Data

* Premium members only.

The historical data trend for TOSE 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.

TOSE Co ROE % Chart

TOSE Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.46 5.08 7.85 -4.15 4.11

TOSE Co Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 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 -9.99 1.81 3.14 5.12 7.78

TSE:4728 vs NTES, EA, TTWO: ROE % Comparison

For the Electronic Gaming & Multimedia subindustry, TOSE 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.


TOSE Co ROE % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, TOSE Co's ROE % distribution charts can be found below:

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


TSE:4728
60GF Score
TOSE Co Ltd TSE:4728
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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TOSE Co ROE % Calculation

TOSE Co's annualized ROE % for the fiscal year that ended in Aug. 2025 is calculated as

ROE %=Net Income (A: Aug. 2025 )/( (Total Stockholders Equity (A: Aug. 2024 )+Total Stockholders Equity (A: Aug. 2025 ))/ count )
=250.235/( (6044.313+6122.695)/ 2 )
=250.235/6083.504
=4.11 %

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

ROE %=Net Income (Q: Feb. 2026 )/( (Total Stockholders Equity (Q: Aug. 2025 )+Total Stockholders Equity (Q: Feb. 2026 ))/ count )
=485.054/( (6122.695+6342.597)/ 2 )
=485.054/6232.646
=7.78 %

* 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 (Feb. 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 7.78% mean?
TOSE Co (TSE:4728) has a ROE % of 7.78% as of Feb. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on TOSE Co and its competitors. This is 110% above median its historical median of 3.71. According to the industry distribution chart, TOSE Co ranks #209 out of 534 companies in the Interactive Media industry, placing it in the top 39.1%.
Is TOSE Co's ROE % too high?
TOSE Co's current ROE % of 7.78% is 110% above median its 10-year median of 3.71. The Interactive Media industry median ROE % is 2.35. TOSE Co's value of 7.78% is 231.8% above this industry median. Based on the distribution chart, TOSE Co ranks #209 out of 534 companies in the Interactive Media industry, which is above the industry midpoint. Overall, TOSE Co has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TOSE Co's ROE % compare to NTES and EA?
According to the Interactive Media industry distribution chart, TOSE Co ranks #209 out of 534 companies for ROE %. This puts TOSE Co in the upper half of its industry. The industry median ROE % is 2.35. TOSE Co's value of 7.78% is 231.8% above this benchmark. While the company's 10-year median is 3.71 vs. the industry median of 2.35, TOSE 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 an Interactive Media company?
The median ROE % among Interactive Media companies is 2.35, based on 534 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. TOSE Co's current ROE % of 7.78% is 231.8% 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 TOSE Co and its competitors. For the Interactive Media industry, the median ROE % is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOSE Co's current ROE % is 7.78%, which is 110% above median its own 10-year median of 3.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOSE Co stock overvalued right now?
Based on GuruFocus' analysis, TOSE Co (TSE:4728) is currently considered Modestly Undervalued. The stock's GF Value™ is 円861.93, compared to a current price of 円640.00 — trading 25.7% below its estimated fair value. The current ROE % is 7.78%, which is 110% above median its 10-year median of 3.71 and 231.8% above the Interactive Media industry median of 2.35. TOSE Co's overall GF Score™ is 60/100 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 TOSE Co (TSE:4728), the current ROE % is 7.78% as of Feb. 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 TOSE Co (TSE:4728) Overvalued in 2026?

Based on GuruFocus' analysis, TOSE Co stock appears to be undervalued. The current stock price of 円640.00 is trading 25.7% below its estimated GF Value™ of 円861.93. GuruFocus considers TOSE Co to be Modestly Undervalued.

Key valuation signals for TSE:4728:

  • ROE %: 7.78% (110% above median its 10-year median of 3.71)
  • GF Value™: 円861.93 vs. price of 円640.00 (25.7% below fair value)
  • GF Score™: 60/100 with 2 warning signs
  • Industry Position: 231.8% above the Interactive Media median (#209 of 534)

No single metric tells the full story. See the TSE:4728 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TOSE Co Business Description

Address Higasinotoindori Shijo Sagaru, Shimogyo-ku, Kyoto, JPN, 600-8091
TOSE Co Ltd is engaged in the planning, development and operation of game software and mobile contents. It is well known for the development of Nintendo's Mr. Game and Watch Gallery series, as well as working on several other Nintendo products.
60GF Score

Get the complete analysis for TSE:4728

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

円640.00
Price
円861.93
GF Value