Japan Process Development Co (TSE:9651) ROE %: 10.58% (As of Feb. 2026) — 84% Above Median

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TSE:9651 Japan Process Development Co Ltd TSE:9651
82 GF Score
Price 円1,934.00
GF Value 円1,283.15
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Japan Process Development Co ROE %?

Japan Process Development Co TSE:9651 -1.43% 82 ROE % is 10.58% as of Feb. 2026, which is 84% above its 10-year median of 5.75. GuruFocus rates TSE:9651 with a GF Score™ of 82/100 and a GF Value™ of 円1,283.15 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,688 Software companies, Japan Process Development Co ranks better than 63.28% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Japan Process Development Co's annualized net income for the quarter that ended in Feb. 2026 was 円1,200 Mil. Japan Process Development Co's average Total Stockholders Equity over the quarter that ended in Feb. 2026 was 円11,343 Mil. Therefore, Japan Process Development Co's annualized ROE % for the quarter that ended in Feb. 2026 was 10.58%.

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

TSE:9651' s ROE % Range Over the Past 10 Years
Min: 3.73   Med: 5.75   Max: 13.72
Current: 10.09

During the past 13 years, Japan Process Development Co's highest ROE % was 13.72%. The lowest was 3.73%. And the median was 5.75%.

TSE:9651's ROE % is ranked better than
63.28% of 2688 companies
in the Software industry
Industry Median: 4.74 vs TSE:9651: 10.09

Japan Process Development Co  (TSE:9651) 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
=1200.14/11343.3705
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1200.14 / 12342.656)*(12342.656 / 13568.651)*(13568.651 / 11343.3705)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.72 %*0.9096*1.1962
=ROA %*Equity Multiplier
=8.84 %*1.1962
=10.58 %

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
=1200.14/11343.3705
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1200.14 / 1629.664) * (1629.664 / 1617.004) * (1617.004 / 12342.656) * (12342.656 / 13568.651) * (13568.651 / 11343.3705)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7364 * 1.0078 * 13.1 % * 0.9096 * 1.1962
=10.58 %

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.


Japan Process Development Co ROE % Related Terms


Japan Process Development Co ROE % Historical Data

* Premium members only.

The historical data trend for Japan Process Development 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.

Japan Process Development Co ROE % Chart

Japan Process Development Co Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.51 6.91 7.12 13.72 10.02

Japan Process Development Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 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 0.00 9.50 10.59 10.58 9.76

TSE:9651 vs UBER, SHOP, CRM: ROE % Comparison

For the Software - Application subindustry, Japan Process Development 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.


Japan Process Development Co ROE % vs Software Industry

For the Software industry and Technology sector, Japan Process Development Co's ROE % distribution charts can be found below:

* The bar in red indicates where Japan Process Development Co's ROE % falls into.


TSE:9651
82GF Score
Japan Process Development Co Ltd TSE:9651
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Process Development Co ROE % Calculation

Japan Process Development Co'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 )
=1478.151/( (10456.532+11088.904)/ 2 )
=1478.151/10772.718
=13.72 %

Japan Process Development 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 )
=1200.14/( (11336.947+11349.794)/ 2 )
=1200.14/11343.3705
=10.58 %

* 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 10.58% mean?
Japan Process Development Co (TSE:9651) has a ROE % of 10.58% 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 Japan Process Development Co and its competitors. This is 84% above median its historical median of 5.75. Over the past decade, Japan Process Development Co's ROE % has ranged from 3.73 to 13.72. According to the industry distribution chart, Japan Process Development Co ranks #987 out of 2688 companies in the Software industry, placing it in the top 36.7%.
Is Japan Process Development Co's ROE % too high?
Japan Process Development Co's current ROE % of 10.58% is 84% above median its 10-year median of 5.75. Over the past 10 years, this metric has ranged from a low of 3.73 to a high of 13.72. The Software industry median ROE % is 4.74. Japan Process Development Co's value of 10.58% is 123.2% above this industry median. Based on the distribution chart, Japan Process Development Co ranks #987 out of 2688 companies in the Software industry, which is above the industry midpoint. Overall, Japan Process Development Co has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Process Development Co's ROE % compare to UBER and SHOP?
According to the Software industry distribution chart, Japan Process Development Co ranks #987 out of 2688 companies for ROE %. This puts Japan Process Development Co in the upper half of its industry. The industry median ROE % is 4.74. Japan Process Development Co's value of 10.58% is 123.2% above this benchmark. Historically, Japan Process Development Co's own ROE % has ranged from 3.73 to 13.72 over the past decade. While the company's 10-year median is 5.75 vs. the industry median of 4.74, Japan Process Development 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 Software company?
The median ROE % among Software companies is 4.74, based on 2,688 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. Japan Process Development Co's current ROE % of 10.58% is 123.2% 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 Japan Process Development Co 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. Japan Process Development Co's current ROE % is 10.58%, which is 84% above median its own 10-year median of 5.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Process Development Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Process Development Co (TSE:9651) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,283.15, compared to a current price of 円1,934.00 — trading 50.7% above its estimated fair value. The current ROE % is 10.58%, which is 84% above median its 10-year median of 5.75 and 123.2% above the Software industry median of 4.74. Japan Process Development Co's overall GF Score™ is 82/100 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 Japan Process Development Co (TSE:9651), the current ROE % is 10.58% 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 Japan Process Development Co (TSE:9651) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Process Development Co stock appears to be overvalued. The current stock price of 円1,934.00 is trading 50.7% above its estimated GF Value™ of 円1,283.15. GuruFocus considers Japan Process Development Co to be Significantly Overvalued.

Key valuation signals for TSE:9651:

  • ROE %: 10.58% (84% above median its 10-year median of 5.75)
  • GF Value™: 円1,283.15 vs. price of 円1,934.00 (50.7% above fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 123.2% above the Software median (#987 of 2688)

No single metric tells the full story. See the TSE:9651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Process Development Co Business Description

Address 2-4-1 Hamamatsu-cho, World Trade Center Building, 26th Floor, Minato-ku, Tokyo, JPN, 105-6126
Japan Process Development Co Ltd is a Japan based system integration and software development company. It is involved in the control system business, automotive system business, specific information system business, embedded systems business, IT service business and others.
82GF Score

Get the complete analysis for TSE:9651

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

円1,934.00
Price
円1,283.15
GF Value