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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Free Style's annualized net income for the quarter that ended in Sep. 2025 was 円14.2 Mil. Free Style's average Total Stockholders Equity over the quarter that ended in Sep. 2025 was 円280.7 Mil. Therefore, Free Style's annualized ROE % for the quarter that ended in Sep. 2025 was 5.06%.
The historical rank and industry rank for Free Style's ROE % or its related term are showing as below:
TSE:528A'
s ROE % Range Over the Past 10 Years
Min: 2.53 Med: 13.99 Max: 14.38
Current: 2.53
During the past 2 years, Free Style's highest ROE % was 14.38%. The lowest was 2.53%. And the median was 13.99%.
TSE:528A's ROE % is not ranked
in the Software industry.
Industry Median: 4.74
vs TSE:528A: 2.53
Free Style (TSE:528A) 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:
Note:
The net income data used here is two times the semi-annual (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 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.
Free Style ROE % Related Terms
Free Style ROE % Historical Data
* Premium members only.
The historical data trend for Free Style'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.
Free Style ROE % Chart
Free Style Annual Data
Trend
Mar24
Mar25
ROE %
13.59
14.38
Free Style Semi-Annual Data
Mar24
Mar25
Sep25
ROE %
0.00
0.00
5.06
TSE:528A vs UBER, CRM, SHOP: ROE % Comparison
For the Software - Application subindustry, Free Style'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.
Free Style ROE % vs Software Industry
For the Software industry and Technology sector, Free Style's ROE % distribution charts can be found below:
* The bar in red indicates where Free Style's ROE % falls into.
* 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 (Sep. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Free Style (TSE:528A) has a ROE % of 5.06% as of Sep. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Free Style and its competitors. This is 64% below median its historical median of 13.99. Over the past decade, Free Style's ROE % has ranged from 2.53 to 14.38.
Is Free Style's ROE % too high?
Free Style's current ROE % of 5.06% is 64% below median its 10-year median of 13.99. Over the past 10 years, this metric has ranged from a low of 2.53 to a high of 14.38. The Software industry median ROE % is 4.74. Free Style's value of 5.06% is 6.8% above 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 ROE % compare to UBER and CRM?
Free Style's ROE % of 5.06% can be compared against companies in the Software industry. The industry median ROE % is 4.74. Free Style's value of 5.06% is 6.8% above this benchmark. Historically, Free Style's own ROE % has ranged from 2.53 to 14.38 over the past decade. While the company's 10-year median is 13.99 vs. the industry median of 4.74, Free Style 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 Software company?
The median ROE % among Software companies is 4.74, based on 2,683 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. Free Style's current ROE % of 5.06% is 6.8% 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 Free Style and its competitors. For the Software industry, the median ROE % is 4.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Free Style's current ROE % is 5.06%, which is 64% below median its own 10-year median of 13.99. 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 ROE % of 5.06%. The current ROE % is 5.06%, which is 64% below median its 10-year median of 13.99 and 6.8% above the Software industry median of 4.74. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Free Style (TSE:528A), the current ROE % is 5.06% 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 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
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