FJ Next Holdings Co (TSE:8935) ROE %: 16.14% (As of Mar. 2026) — 36% Above Median


TSE:8935 FJ Next Holdings Co Ltd TSE:8935
94 GF Score
Price 円1,749.00
GF Value 円1,811.27
Valuation Fairly Valued
! 3 Warning Signs
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What is FJ Next Holdings Co ROE %?

FJ Next Holdings Co TSE:8935 +1.63% 94 ROE % is 16.14% as of Mar. 2026, which is 36% above its 10-year median of 11.86. GuruFocus rates TSE:8935 with a GF Score™ of 94/100 and a GF Value™ of 円1,811.27 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,732 Real Estate companies, FJ Next Holdings Co ranks better than 81.93% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. FJ Next Holdings Co's annualized net income for the quarter that ended in Mar. 2026 was 円12,654 Mil. FJ Next Holdings Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was 円78,388 Mil. Therefore, FJ Next Holdings Co's annualized ROE % for the quarter that ended in Mar. 2026 was 16.14%.

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

TSE:8935' s ROE % Range Over the Past 10 Years
Min: 9.2   Med: 11.86   Max: 16.29
Current: 13.07

During the past 13 years, FJ Next Holdings Co's highest ROE % was 16.29%. The lowest was 9.20%. And the median was 11.86%.

TSE:8935's ROE % is ranked better than
81.93% of 1732 companies
in the Real Estate industry
Industry Median: 3.97 vs TSE:8935: 13.07

FJ Next Holdings Co  (TSE:8935) 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
=12654/78387.5
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(12654 / 157940)*(157940 / 111306.5)*(111306.5 / 78387.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.01 %*1.419*1.42
=ROA %*Equity Multiplier
=11.37 %*1.42
=16.14 %

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
=12654/78387.5
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (12654 / 17926) * (17926 / 17966) * (17966 / 157940) * (157940 / 111306.5) * (111306.5 / 78387.5)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7059 * 0.9978 * 11.38 % * 1.419 * 1.42
=16.14 %

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.


FJ Next Holdings Co ROE % Related Terms


FJ Next Holdings Co ROE % Historical Data

* Premium members only.

The historical data trend for FJ Next Holdings 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.

FJ Next Holdings Co ROE % Chart

FJ Next Holdings 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 11.24 9.22 9.85 9.20 13.00

FJ Next Holdings 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 9.66 8.11 10.32 9.92 16.14

FJ Next Holdings Co ROE % Competitor Comparison

For the Real Estate - Diversified subindustry, FJ Next Holdings 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.


FJ Next Holdings Co ROE % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, FJ Next Holdings Co's ROE % distribution charts can be found below:

* The bar in red indicates where FJ Next Holdings Co's ROE % falls into.


TSE:8935
94GF Score
FJ Next Holdings Co Ltd TSE:8935
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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FJ Next Holdings Co ROE % Calculation

FJ Next Holdings 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 )
=10010/( (72920+81125)/ 2 )
=10010/77022.5
=13.00 %

FJ Next Holdings 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 )
=12654/( (75650+81125)/ 2 )
=12654/78387.5
=16.14 %

* 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 16.14% mean?
FJ Next Holdings Co (TSE:8935) has a ROE % of 16.14% 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 FJ Next Holdings Co and its competitors. This is 36% above median its historical median of 11.86. Over the past decade, FJ Next Holdings Co's ROE % has ranged from 9.20 to 16.29. According to the industry distribution chart, FJ Next Holdings Co ranks #313 out of 1732 companies in the Real Estate industry, placing it in the top 18.1%.
Is FJ Next Holdings Co's ROE % too high?
FJ Next Holdings Co's current ROE % of 16.14% is 36% above median its 10-year median of 11.86. Over the past 10 years, this metric has ranged from a low of 9.20 to a high of 16.29. The Real Estate industry median ROE % is 3.97. FJ Next Holdings Co's value of 16.14% is 306.5% above this industry median. Based on the distribution chart, FJ Next Holdings Co ranks #313 out of 1732 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, FJ Next Holdings Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FJ Next Holdings Co's ROE % compare to competitors?
According to the Real Estate industry distribution chart, FJ Next Holdings Co ranks #313 out of 1732 companies for ROE %. This places FJ Next Holdings Co in the top 18% of its industry — outperforming the majority of peers. The industry median ROE % is 3.97. FJ Next Holdings Co's value of 16.14% is 306.5% above this benchmark. Historically, FJ Next Holdings Co's own ROE % has ranged from 9.20 to 16.29 over the past decade. While the company's 10-year median is 11.86 vs. the industry median of 3.97, FJ Next Holdings 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 Real Estate company?
The median ROE % among Real Estate companies is 3.97, based on 1,732 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. FJ Next Holdings Co's current ROE % of 16.14% is 306.5% 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 FJ Next Holdings Co and its competitors. For the Real Estate industry, the median ROE % is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FJ Next Holdings Co's current ROE % is 16.14%, which is 36% above median its own 10-year median of 11.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FJ Next Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, FJ Next Holdings Co (TSE:8935) is currently considered Fairly Valued. The stock's GF Value™ is 円1,811.27, compared to a current price of 円1,749.00 — trading 3.4% below its estimated fair value. The current ROE % is 16.14%, which is 36% above median its 10-year median of 11.86 and 306.5% above the Real Estate industry median of 3.97. FJ Next Holdings Co's overall GF Score™ is 94/100 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 FJ Next Holdings Co (TSE:8935), the current ROE % is 16.14% 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 FJ Next Holdings Co (TSE:8935) Overvalued in 2026?

Based on GuruFocus' analysis, FJ Next Holdings Co stock appears to be undervalued. The current stock price of 円1,749.00 is trading 3.4% below its estimated GF Value™ of 円1,811.27. GuruFocus considers FJ Next Holdings Co to be Fairly Valued.

Key valuation signals for TSE:8935:

  • ROE %: 16.14% (36% above median its 10-year median of 11.86)
  • GF Value™: 円1,811.27 vs. price of 円1,749.00 (3.4% below fair value)
  • GF Score™: 94/100 with 3 warning signs
  • Industry Position: 306.5% above the Real Estate median (#313 of 1732)

No single metric tells the full story. See the TSE:8935 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FJ Next Holdings Co Business Description

Address 5-1 Nishi-Shinjuku 6-chome, 10th Floor, Shinjuku Island Tower, Shinjuku-ku, Tokyo, JPN, 163-1310
FJ Next Holdings Co Ltd operates in the real estate sector in Japan. Along with its subsidiaries, the company operates in the following reportable segments: Real Estate Development, Real Estate Management, Construction, Hotel, and others. The majority of its revenue is generated from the Real Estate Development business, which is engaged in the development, sales, and marketing of studio apartments, resort properties, and family apartments (Gala Mansion Series and Gala Residencies) mainly in the Tokyo metropolitan area. In addition, this segment also offers rental recruitment and real estate brokerage services.
94GF Score

Get the complete analysis for TSE:8935

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

円1,749.00
Price
円1,811.27
GF Value