Furubayashi Shiko Co (TSE:3944) 3-Year ROIIC % : -1.39% (As of Dec. 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:3944 Furubayashi Shiko Co Ltd TSE:3944
67 GF Score
Price 円2,601.00
GF Value 円2,084.99
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Furubayashi Shiko Co 3-Year ROIIC %?

Furubayashi Shiko Co TSE:3944 +3.01% 67 3-Year ROIIC % is -1.39 as of Dec. 2025. GuruFocus rates TSE:3944 with a GF Score™ of 67/100 and a GF Value™ of 円2,084.99 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 385 Packaging & Containers companies, Furubayashi Shiko Co ranks worse than 54.81% 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. Furubayashi Shiko Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -1.39%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

TSE:3944's 3-Year ROIIC % is ranked worse than
54.81% of 385 companies
in the Packaging & Containers industry
Industry Median: 1.35 vs TSE:3944: -1.39

Furubayashi Shiko Co  (TSE:3944) 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.


Furubayashi Shiko Co 3-Year ROIIC % Related Terms


Furubayashi Shiko Co 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Furubayashi Shiko 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.

Furubayashi Shiko Co 3-Year ROIIC % Chart

Furubayashi Shiko Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.35 4.90 0.00 1.39 -1.39

Furubayashi Shiko Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.00 0.00 0.00 -1.39 0.00

TSE:3944 vs SW, PKG, IP: 3-Year ROIIC % Comparison

For the Packaging & Containers subindustry, Furubayashi Shiko 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.


Furubayashi Shiko Co 3-Year ROIIC % vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Furubayashi Shiko Co's 3-Year ROIIC % distribution charts can be found below:

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


TSE:3944
67GF Score
Furubayashi Shiko Co Ltd TSE:3944
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Furubayashi Shiko Co 3-Year ROIIC % Calculation

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

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 280.0323368 (Dec. 2025) - 321.790113 (Dec. 2022) )/( 13693.256 (Dec. 2025) - 10685.776 (Dec. 2022) )
=-41.7577762/3007.48
=-1.39%***

* 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 -1.39 mean?
Furubayashi Shiko Co (TSE:3944) has a 3-Year ROIIC % of -1.39 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Furubayashi Shiko Co and its competitors. According to the industry distribution chart, Furubayashi Shiko Co ranks #211 out of 385 companies in the Packaging & Containers industry, placing it in the top 54.8%.
Is Furubayashi Shiko Co's 3-Year ROIIC % too high?
Furubayashi Shiko Co's current 3-Year ROIIC % is -1.39. Based on the distribution chart, Furubayashi Shiko Co ranks #211 out of 385 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Furubayashi Shiko Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Furubayashi Shiko Co's 3-Year ROIIC % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Furubayashi Shiko Co ranks #211 out of 385 companies for 3-Year ROIIC %. This places Furubayashi Shiko Co in the lower half of its industry. The industry median 3-Year ROIIC % is 1.35. 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 a Packaging & Containers company?
The median 3-Year ROIIC % among Packaging & Containers companies is 1.35, based on 385 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 Furubayashi Shiko Co and its competitors. For the Packaging & Containers industry, the median 3-Year ROIIC % is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Furubayashi Shiko Co's current 3-Year ROIIC % is -1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Furubayashi Shiko Co stock overvalued right now?
Based on GuruFocus' analysis, Furubayashi Shiko Co (TSE:3944) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,084.99, compared to a current price of 円2,601.00 — trading 24.7% above its estimated fair value. The current 3-Year ROIIC % is -1.39. Furubayashi Shiko Co's overall GF Score™ is 67/100 with 6 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 Furubayashi Shiko Co (TSE:3944), the current 3-Year ROIIC % is -1.39 as of Dec. 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 Furubayashi Shiko Co (TSE:3944) Overvalued in 2026?

Based on GuruFocus' analysis, Furubayashi Shiko Co stock appears to be overvalued. The current stock price of 円2,601.00 is trading 24.7% above its estimated GF Value™ of 円2,084.99. GuruFocus considers Furubayashi Shiko Co to be Modestly Overvalued.

Key valuation signals for TSE:3944:

  • 3-Year ROIIC %: -1.39
  • GF Value™: 円2,084.99 vs. price of 円2,601.00 (24.7% above fair value)
  • GF Score™: 67/100 with 6 warning signs

No single metric tells the full story. See the TSE:3944 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Furubayashi Shiko Co Business Description

Address Otedori 3-1-12, Yubinbango, Chuo-ku, Osaka, JPN, 5400021
Furubayashi Shiko Co Ltd is a Japan based manufacturer of printed paper products such as printed paperboard containers for packaging food, liquors, and detergents. The products offered by the company are paper cartons, containers, roll-up packaging materials, labels and other packaging materials, packaging systems, contracts, and others.
67GF Score

Get the complete analysis for TSE:3944

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

円2,601.00
Price
円2,084.99
GF Value