HEIWADO Co (TSE:8276) ROE %: 7.27% (As of Feb. 2026) — 27% Above Median

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TSE:8276 HEIWADO Co Ltd TSE:8276
79 GF Score
Price 円2,558.00
GF Value 円2,758.86
Valuation Fairly Valued
! 2 Warning Signs
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What is HEIWADO Co ROE %?

HEIWADO Co TSE:8276 -1.27% 79 ROE % is 7.27% as of Feb. 2026, which is 27% above its 10-year median of 5.71. GuruFocus rates TSE:8276 with a GF Score™ of 79/100 and a GF Value™ of 円2,758.86 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,099 Retail - Cyclical companies, HEIWADO Co ranks worse than 58.05% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. HEIWADO Co's annualized net income for the quarter that ended in Feb. 2026 was 円14,024 Mil. HEIWADO Co's average Total Stockholders Equity over the quarter that ended in Feb. 2026 was 円192,893 Mil. Therefore, HEIWADO Co's annualized ROE % for the quarter that ended in Feb. 2026 was 7.27%.

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

TSE:8276' s ROE % Range Over the Past 10 Years
Min: 3.7   Med: 5.71   Max: 6.8
Current: 4.38

During the past 13 years, HEIWADO Co's highest ROE % was 6.80%. The lowest was 3.70%. And the median was 5.71%.

TSE:8276's ROE % is ranked worse than
58.05% of 1099 companies
in the Retail - Cyclical industry
Industry Median: 6.49 vs TSE:8276: 4.38

HEIWADO Co  (TSE:8276) 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
=14024/192892.5
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(14024 / 480536)*(480536 / 310447.5)*(310447.5 / 192892.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.92 %*1.5479*1.6094
=ROA %*Equity Multiplier
=4.52 %*1.6094
=7.27 %

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
=14024/192892.5
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (14024 / 15960) * (15960 / 18796) * (18796 / 480536) * (480536 / 310447.5) * (310447.5 / 192892.5)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8787 * 0.8491 * 3.91 % * 1.5479 * 1.6094
=7.27 %

Note: The net income data used here is four times the quarterly (Feb. 2026) net income data. The Revenue data used here is four times the quarterly (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.


HEIWADO Co ROE % Related Terms


HEIWADO Co ROE % Historical Data

* Premium members only.

The historical data trend for HEIWADO 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.

HEIWADO Co ROE % Chart

HEIWADO Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.25 4.23 3.70 5.70 4.88

HEIWADO Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 4.58 5.76 2.10 7.27 2.42

TSE:8276 vs DDS: ROE % Comparison

For the Department Stores subindustry, HEIWADO 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.


HEIWADO Co ROE % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, HEIWADO Co's ROE % distribution charts can be found below:

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


TSE:8276
79GF Score
HEIWADO Co Ltd TSE:8276
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HEIWADO Co ROE % Calculation

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

ROE %=Net Income (A: Feb. 2026 )/( (Total Stockholders Equity (A: Feb. 2025 )+Total Stockholders Equity (A: Feb. 2026 ))/ count )
=9409/( (189909+195792)/ 2 )
=9409/192850.5
=4.88 %

HEIWADO 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: Nov. 2025 )+Total Stockholders Equity (Q: Feb. 2026 ))/ count )
=14024/( (189993+195792)/ 2 )
=14024/192892.5
=7.27 %

* 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 (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 7.27% mean?
HEIWADO Co (TSE:8276) has a ROE % of 7.27% 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 HEIWADO Co and its competitors. This is 27% above median its historical median of 5.71. Over the past decade, HEIWADO Co's ROE % has ranged from 3.70 to 6.80. According to the industry distribution chart, HEIWADO Co ranks #638 out of 1099 companies in the Retail - Cyclical industry, placing it in the top 58.1%.
Is HEIWADO Co's ROE % too high?
HEIWADO Co's current ROE % of 7.27% is 27% above median its 10-year median of 5.71. Over the past 10 years, this metric has ranged from a low of 3.70 to a high of 6.80. The Retail - Cyclical industry median ROE % is 6.49. HEIWADO Co's value of 7.27% is 12% above this industry median. Based on the distribution chart, HEIWADO Co ranks #638 out of 1099 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, HEIWADO Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HEIWADO Co's ROE % compare to DDS?
According to the Retail - Cyclical industry distribution chart, HEIWADO Co ranks #638 out of 1099 companies for ROE %. This places HEIWADO Co in the lower half of its industry. The industry median ROE % is 6.49. HEIWADO Co's value of 7.27% is 12% above this benchmark. Historically, HEIWADO Co's own ROE % has ranged from 3.70 to 6.80 over the past decade. While the company's 10-year median is 5.71 vs. the industry median of 6.49, HEIWADO 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 Retail - Cyclical company?
The median ROE % among Retail - Cyclical companies is 6.49, based on 1,099 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. HEIWADO Co's current ROE % of 7.27% is 12% 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 HEIWADO Co and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HEIWADO Co's current ROE % is 7.27%, which is 27% above median its own 10-year median of 5.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HEIWADO Co stock overvalued right now?
Based on GuruFocus' analysis, HEIWADO Co (TSE:8276) is currently considered Fairly Valued. The stock's GF Value™ is 円2,758.86, compared to a current price of 円2,558.00 — trading 7.3% below its estimated fair value. The current ROE % is 7.27%, which is 27% above median its 10-year median of 5.71 and 12% above the Retail - Cyclical industry median of 6.49. HEIWADO Co's overall GF Score™ is 79/100 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 HEIWADO Co (TSE:8276), the current ROE % is 7.27% 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 HEIWADO Co (TSE:8276) Overvalued in 2026?

Based on GuruFocus' analysis, HEIWADO Co stock appears to be undervalued. The current stock price of 円2,558.00 is trading 7.3% below its estimated GF Value™ of 円2,758.86. GuruFocus considers HEIWADO Co to be Fairly Valued.

Key valuation signals for TSE:8276:

  • ROE %: 7.27% (27% above median its 10-year median of 5.71)
  • GF Value™: 円2,758.86 vs. price of 円2,558.00 (7.3% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 12% above the Retail - Cyclical median (#638 of 1099)

No single metric tells the full story. See the TSE:8276 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HEIWADO Co Business Description

Address 31, Koizumi-cho, Hikone-shi, Shiga-ken, JPN, 522-8511
HEIWADO Co Ltd is a Japan-based company that is mainly engaged in the retail business. The company's stores offer a broad range of merchandise, including foods, apparel, housing-related goods, etc. The company also operates restaurant businesses, sales of books, CDs and DVDs, rental shops of CDs and DVDs, and others. The majority of the company's stores are located in Japan, with around half of them being located in the Shiga Prefecture, and the rest in other areas of Japan. The company also operates several department stores in Hunan province, China.
79GF Score

Get the complete analysis for TSE:8276

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

円2,558.00
Price
円2,758.86
GF Value