Kikukawa Enterprise (NGO:6346) 3-Year ROIIC % : -3.45% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NGO:6346 Kikukawa Enterprise Inc NGO:6346
69 GF Score
Price 円5,960.00
GF Value 円4,108.85
! 4 Warning Signs
View Full Analysis

What is Kikukawa Enterprise 3-Year ROIIC %?

Kikukawa Enterprise NGO:6346 69 3-Year ROIIC % is -3.45 as of Mar. 2026. GuruFocus rates NGO:6346 with a GF Score™ of 69/100 and a GF Value™ of 円4,108.85. The stock has 4 warning signs investors should review. Among 2,934 Industrial Products companies, Kikukawa Enterprise ranks worse than 62.27% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. Kikukawa Enterprise's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -3.45%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Kikukawa Enterprise's 3-Year ROIIC % or its related term are showing as below:

NGO:6346's 3-Year ROIIC % is ranked worse than
62.27% of 2934 companies
in the Industrial Products industry
Industry Median: 3.45 vs NGO:6346: -3.45

Kikukawa Enterprise  (NGO:6346) 3-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.


Kikukawa Enterprise 3-Year ROIIC % Related Terms


Kikukawa Enterprise 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Kikukawa Enterprise's 3-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.

Kikukawa Enterprise 3-Year ROIIC % Chart

Kikukawa Enterprise Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 308.35 -104.19 11.81 23.07 -3.45

Kikukawa Enterprise Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
3-Year ROIIC % 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 11.81 0.00 23.07 0.00 -3.45

NGO:6346 vs GEV, ETN, PH: 3-Year ROIIC % Comparison

For the Specialty Industrial Machinery subindustry, Kikukawa Enterprise's 3-Year ROIIC %, along with its competitors' market caps and 3-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.


Kikukawa Enterprise 3-Year ROIIC % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kikukawa Enterprise's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Kikukawa Enterprise's 3-Year ROIIC % falls into.


NGO:6346
69GF Score
Kikukawa Enterprise Inc NGO:6346
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kikukawa Enterprise 3-Year ROIIC % Calculation

Kikukawa Enterprise's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 261.6847425 (Mar. 2026) - 319.7484744 (Mar. 2023) )/( 6010.781 (Mar. 2026) - 4326.057 (Mar. 2023) )
=-58.0637319/1684.724
=-3.45%***

* 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 3-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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of -3.45 mean?
Kikukawa Enterprise (NGO:6346) has a 3-Year ROIIC % of -3.45 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Kikukawa Enterprise and its competitors. According to the industry distribution chart, Kikukawa Enterprise ranks #1827 out of 2934 companies in the Industrial Products industry, placing it in the top 62.3%.
Is Kikukawa Enterprise's 3-Year ROIIC % too high?
Kikukawa Enterprise's current 3-Year ROIIC % is -3.45. Based on the distribution chart, Kikukawa Enterprise ranks #1827 out of 2934 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Kikukawa Enterprise has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Kikukawa Enterprise's 3-Year ROIIC % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kikukawa Enterprise ranks #1827 out of 2934 companies for 3-Year ROIIC %. This places Kikukawa Enterprise in the lower half of its industry. The industry median 3-Year ROIIC % is 3.45. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for an Industrial Products company?
The median 3-Year ROIIC % among Industrial Products companies is 3.45, based on 2,934 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Kikukawa Enterprise and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kikukawa Enterprise's current 3-Year ROIIC % is -3.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kikukawa Enterprise stock overvalued right now?
Kikukawa Enterprise (NGO:6346) has a current 3-Year ROIIC % of -3.45. The stock's GF Value™ is 円4,108.85, compared to a current price of 円5,960.00 — trading 45.1% above its estimated fair value. The current 3-Year ROIIC % is -3.45. Kikukawa Enterprise's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Kikukawa Enterprise (NGO:6346), the current 3-Year ROIIC % is -3.45 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 Kikukawa Enterprise (NGO:6346) Overvalued in 2026?

Based on GuruFocus' analysis, Kikukawa Enterprise stock appears to be overvalued. The current stock price of 円5,960.00 is trading 45.1% above its estimated GF Value™ of 円4,108.85.

Key valuation signals for NGO:6346:

  • 3-Year ROIIC %: -3.45
  • GF Value™: 円4,108.85 vs. price of 円5,960.00 (45.1% above fair value)
  • GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the NGO:6346 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kikukawa Enterprise Business Description

Other Exchanges 6346:Japan
Address 3477-36 Asama-cho, Mie Prefecture, Ise, JPN
Kikukawa Enterprise Inc is a Japan-based company engages in the manufacture and sale of woodworking equipment and machine tools. Its products include sawmilling machinery, machine tools for processing iron and non-ferrous metals, and machines for fabricating synthetic resin products.
69GF Score

Get the complete analysis for NGO:6346

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

円5,960.00
Price
円4,108.85
GF Value