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10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Happiness and D Co's 10-Year ROIIC % for the quarter that ended in Aug. 2025 was 47.16%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Happiness and D Co's 10-Year ROIIC % or its related term are showing as below:
TSE:3174's 10-Year ROIIC % is ranked better than 90.11% of 920
companies
in the Retail - Cyclical industry
Industry Median: 3.505
vs TSE:3174: 47.16
Happiness and D Co (TSE:3174) 10-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Happiness and D Co 10-Year ROIIC % Related Terms
Happiness and D Co 10-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Happiness and D Co's 10-Year ROIIC % 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.
TSE:3174 vs CASY, WSM, ULTA: 10-Year ROIIC % Comparison
For the Specialty Retail subindustry, Happiness and D Co's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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.
Happiness and D Co 10-Year ROIIC % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Happiness and D Co's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Happiness and D Co's 10-Year ROIIC % falls into.
Happiness and D Co's 10-Year ROIIC % for the quarter that ended in Aug. 2025 is calculated as:
10-Year ROIIC %
=
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
10-Year Incremental Invested Capital**
=
( -404.212 (Aug. 2025) - 84.42645 (Aug. 2015) )
/
( 4664.914 (Aug. 2025) - 5701.04 (Aug. 2015) )
=
-488.63845
/
-1036.126
=
47.16%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Happiness and D Co (TSE:3174) has a 10-Year ROIIC % of 47.16 as of Aug. 2025. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Happiness and D Co and its competitors. According to the industry distribution chart, Happiness and D Co ranks #91 out of 920 companies in the Retail - Cyclical industry, placing it in the top 9.9%.
Is Happiness and D Co's 10-Year ROIIC % too high?
Happiness and D Co's current 10-Year ROIIC % is 47.16. The Retail - Cyclical industry median 10-Year ROIIC % is 3.51. Happiness and D Co's value of 47.16 is 1245.5% above this industry median. Based on the distribution chart, Happiness and D Co ranks #91 out of 920 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Happiness and D Co has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Happiness and D Co's 10-Year ROIIC % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Happiness and D Co ranks #91 out of 920 companies for 10-Year ROIIC %. This places Happiness and D Co in the top 10% of its industry — outperforming the majority of peers. The industry median 10-Year ROIIC % is 3.51. Happiness and D Co's value of 47.16 is 1245.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for a Retail - Cyclical company?
The median 10-Year ROIIC % among Retail - Cyclical companies is 3.51, based on 920 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Happiness and D Co's current 10-Year ROIIC % of 47.16 is 1245.5% 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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Happiness and D Co and its competitors. For the Retail - Cyclical industry, the median 10-Year ROIIC % is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happiness and D Co's current 10-Year ROIIC % is 47.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happiness and D Co stock overvalued right now?
Based on GuruFocus' analysis, Happiness and D Co (TSE:3174) is currently considered Modestly Undervalued. The stock's GF Value™ is 円550.30, compared to a current price of 円399.00 — trading 27.5% below its estimated fair value. The current 10-Year ROIIC % is 47.16 and 1245.5% above the Retail - Cyclical industry median of 3.51. Happiness and D Co's overall GF Score™ is 47/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Happiness and D Co (TSE:3174), the current 10-Year ROIIC % is 47.16 as of Aug. 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.
Is Happiness and D Co (TSE:3174) Overvalued in 2026?
Based on GuruFocus' analysis, Happiness and D Co stock appears to be undervalued.
The current stock price of 円399.00 is trading 27.5% below its estimated GF Value™ of 円550.30.
GuruFocus considers Happiness and D Co to be Modestly Undervalued.
Key valuation signals for TSE:3174:
10-Year ROIIC %: 47.16
GF Value™: 円550.30 vs. price of 円399.00 (27.5% below fair value)
Industry Position: 1245.5% above the Retail - Cyclical median (#91 of 920)
No single metric tells the full story. See the TSE:3174 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Happiness and D Co Ltd manages branded gift stores in Japan. It is engaged in sales of imported brand products, including jewelry, such as imported brand jewelry and diamond jewelry consisting of rings, necklaces, earrings, and bracelets; as well as watches, handbags, and accessories. The company has stores located in Hokkaido, Tohoku, Kanto, Chubu and Chugoku among other locations.
47GF Score
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