Hatena Co (TSE:3930) 3-Year ROIIC % : 9.57% (As of Jul. 2025)

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.

TSE:3930 Hatena Co Ltd TSE:3930
73 GF Score
Price 円805.00
GF Value 円778.49
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Hatena Co 3-Year ROIIC %?

Hatena Co TSE:3930 -4.17% 73 3-Year ROIIC % is 9.57 as of Jul. 2025. GuruFocus rates TSE:3930 with a GF Score™ of 73/100 and a GF Value™ of 円778.49 (Fairly Valued). The stock has 5 warning signs investors should review. Among 529 Interactive Media companies, Hatena Co ranks better than 56.14% 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. Hatena Co's 3-Year ROIIC % for the quarter that ended in Jul. 2025 was 9.57%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

TSE:3930's 3-Year ROIIC % is ranked better than
56.14% of 529 companies
in the Interactive Media industry
Industry Median: 3.45 vs TSE:3930: 9.57

Hatena Co  (TSE:3930) 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.


Hatena Co 3-Year ROIIC % Related Terms


Hatena Co 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Hatena Co'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.

Hatena Co 3-Year ROIIC % Chart

Hatena Co Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -34.44 -27.89 -28.72 -40.41 9.57

Hatena Co Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.00 9.57 0.00 0.00 0.00

TSE:3930 vs GOOGL, META, SPOT: 3-Year ROIIC % Comparison

For the Internet Content & Information subindustry, Hatena Co'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.


Hatena Co 3-Year ROIIC % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Hatena Co's 3-Year ROIIC % distribution charts can be found below:

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


TSE:3930
73GF Score
Hatena Co Ltd TSE:3930
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hatena Co 3-Year ROIIC % Calculation

Hatena Co's 3-Year ROIIC % for the quarter that ended in Jul. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 228.8861806 (Jul. 2025) - 237.6074143 (Jul. 2022) )/( 972.332 (Jul. 2025) - 1063.438 (Jul. 2022) )
=-8.7212337/-91.106
=9.57%***

* 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 9.57 mean?
Hatena Co (TSE:3930) has a 3-Year ROIIC % of 9.57 as of Jul. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Hatena Co and its competitors. According to the industry distribution chart, Hatena Co ranks #232 out of 529 companies in the Interactive Media industry, placing it in the top 43.9%.
Is Hatena Co's 3-Year ROIIC % too high?
Hatena Co's current 3-Year ROIIC % is 9.57. The Interactive Media industry median 3-Year ROIIC % is 3.45. Hatena Co's value of 9.57 is 177.4% above this industry median. Based on the distribution chart, Hatena Co ranks #232 out of 529 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Hatena Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hatena Co's 3-Year ROIIC % compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Hatena Co ranks #232 out of 529 companies for 3-Year ROIIC %. This puts Hatena Co in the upper half of its industry. The industry median 3-Year ROIIC % is 3.45. Hatena Co's value of 9.57 is 177.4% 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 3-Year ROIIC % for an Interactive Media company?
The median 3-Year ROIIC % among Interactive Media companies is 3.45, based on 529 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. Hatena Co's current 3-Year ROIIC % of 9.57 is 177.4% 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 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 Hatena Co and its competitors. For the Interactive Media 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. Hatena Co's current 3-Year ROIIC % is 9.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hatena Co stock overvalued right now?
Based on GuruFocus' analysis, Hatena Co (TSE:3930) is currently considered Fairly Valued. The stock's GF Value™ is 円778.49, compared to a current price of 円805.00 — trading 3.4% above its estimated fair value. The current 3-Year ROIIC % is 9.57 and 177.4% above the Interactive Media industry median of 3.45. Hatena Co's overall GF Score™ is 73/100 with 5 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 Hatena Co (TSE:3930), the current 3-Year ROIIC % is 9.57 as of Jul. 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 Hatena Co (TSE:3930) Overvalued in 2026?

Based on GuruFocus' analysis, Hatena Co stock appears to be overvalued. The current stock price of 円805.00 is trading 3.4% above its estimated GF Value™ of 円778.49. GuruFocus considers Hatena Co to be Fairly Valued.

Key valuation signals for TSE:3930:

  • 3-Year ROIIC %: 9.57
  • GF Value™: 円778.49 vs. price of 円805.00 (3.4% above fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 177.4% above the Interactive Media median (#232 of 529)

No single metric tells the full story. See the TSE:3930 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hatena Co Business Description

Address Takamiya-cho 206, Yubinbango, Kyoto Prefecture Oike Aino-cho HigashiIri, Oike building, 9th floor, Nakagyo-ku, Kyoto, JPN, 604-0835
Hatena Co Ltd provides internet content platform services and content marketing services technology solutions. Its content platform services include the blog, bookmark services, and shared dictionary service.
73GF Score

Get the complete analysis for TSE:3930

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

円805.00
Price
円778.49
GF Value