Miyoshi Oil & Fat Co (TSE:4404) 3-Year ROIIC % : 11.96% (As of Dec. 2025) — 28% Above Median

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Director of Data and Quant Analytics at GuruFocus
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TSE:4404 Miyoshi Oil & Fat Co Ltd TSE:4404
70 GF Score
Price 円1,933.00
GF Value 円1,574.64
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Miyoshi Oil & Fat Co 3-Year ROIIC %?

Miyoshi Oil & Fat Co TSE:4404 +0.26% 70 3-Year ROIIC % is 11.96 as of Dec. 2025, which is 28% above its 10-year median of 9.34. GuruFocus rates TSE:4404 with a GF Score™ of 70/100 and a GF Value™ of 円1,574.64 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,831 Consumer Packaged Goods companies, Miyoshi Oil & Fat Co ranks better than 64.39% 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. Miyoshi Oil & Fat Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 11.96%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

TSE:4404's 3-Year ROIIC % is ranked better than
64.39% of 1831 companies
in the Consumer Packaged Goods industry
Industry Median: 2.62 vs TSE:4404: 11.96

Miyoshi Oil & Fat Co  (TSE:4404) 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.


Miyoshi Oil & Fat Co 3-Year ROIIC % Related Terms


Miyoshi Oil & Fat Co 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Miyoshi Oil & Fat 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.

Miyoshi Oil & Fat Co 3-Year ROIIC % Chart

Miyoshi Oil & Fat Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 -153.51 12.31 10.16 11.96

Miyoshi Oil & Fat Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 12.31 0.00 10.16 0.00 11.96

TSE:4404 vs KHC, GIS: 3-Year ROIIC % Comparison

For the Packaged Foods subindustry, Miyoshi Oil & Fat 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.


Miyoshi Oil & Fat Co 3-Year ROIIC % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Miyoshi Oil & Fat Co's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Miyoshi Oil & Fat Co's 3-Year ROIIC % falls into.


TSE:4404
70GF Score
Miyoshi Oil & Fat Co Ltd TSE:4404
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Miyoshi Oil & Fat Co 3-Year ROIIC % Calculation

Miyoshi Oil & Fat 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**
=( 1359.3652 (Dec. 2025) - -1063.9332 (Dec. 2022) )/( 59373 (Dec. 2025) - 39105 (Dec. 2022) )
=2423.2984/20268
=11.96%***

* 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 11.96 mean?
Miyoshi Oil & Fat Co (TSE:4404) has a 3-Year ROIIC % of 11.96 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 Miyoshi Oil & Fat Co and its competitors. This is 28% above median its historical median of 9.34. According to the industry distribution chart, Miyoshi Oil & Fat Co ranks #652 out of 1831 companies in the Consumer Packaged Goods industry, placing it in the top 35.6%.
Is Miyoshi Oil & Fat Co's 3-Year ROIIC % too high?
Miyoshi Oil & Fat Co's current 3-Year ROIIC % of 11.96 is 28% above median its 10-year median of 9.34. The Consumer Packaged Goods industry median 3-Year ROIIC % is 2.62. Miyoshi Oil & Fat Co's value of 11.96 is 356.5% above this industry median. Based on the distribution chart, Miyoshi Oil & Fat Co ranks #652 out of 1831 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Miyoshi Oil & Fat Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Miyoshi Oil & Fat Co's 3-Year ROIIC % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Miyoshi Oil & Fat Co ranks #652 out of 1831 companies for 3-Year ROIIC %. This puts Miyoshi Oil & Fat Co in the upper half of its industry. The industry median 3-Year ROIIC % is 2.62. Miyoshi Oil & Fat Co's value of 11.96 is 356.5% above this benchmark. While the company's 10-year median is 9.34 vs. the industry median of 2.62, Miyoshi Oil & Fat 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 3-Year ROIIC % for a Consumer Packaged Goods company?
The median 3-Year ROIIC % among Consumer Packaged Goods companies is 2.62, based on 1,831 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. Miyoshi Oil & Fat Co's current 3-Year ROIIC % of 11.96 is 356.5% 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 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 Miyoshi Oil & Fat Co and its competitors. For the Consumer Packaged Goods industry, the median 3-Year ROIIC % is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miyoshi Oil & Fat Co's current 3-Year ROIIC % is 11.96, which is 28% above median its own 10-year median of 9.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miyoshi Oil & Fat Co stock overvalued right now?
Based on GuruFocus' analysis, Miyoshi Oil & Fat Co (TSE:4404) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,574.64, compared to a current price of 円1,933.00 — trading 22.8% above its estimated fair value. The current 3-Year ROIIC % is 11.96, which is 28% above median its 10-year median of 9.34 and 356.5% above the Consumer Packaged Goods industry median of 2.62. Miyoshi Oil & Fat Co's overall GF Score™ is 70/100 with 2 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 Miyoshi Oil & Fat Co (TSE:4404), the current 3-Year ROIIC % is 11.96 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 Miyoshi Oil & Fat Co (TSE:4404) Overvalued in 2026?

Based on GuruFocus' analysis, Miyoshi Oil & Fat Co stock appears to be overvalued. The current stock price of 円1,933.00 is trading 22.8% above its estimated GF Value™ of 円1,574.64. GuruFocus considers Miyoshi Oil & Fat Co to be Modestly Overvalued.

Key valuation signals for TSE:4404:

  • 3-Year ROIIC %: 11.96 (28% above median its 10-year median of 9.34)
  • GF Value™: 円1,574.64 vs. price of 円1,933.00 (22.8% above fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 356.5% above the Consumer Packaged Goods median (#652 of 1831)

No single metric tells the full story. See the TSE:4404 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Miyoshi Oil & Fat Co Business Description

Address 66-1 Horikiri 4-chome, Katsushika-ku, Tokyo, JPN
Miyoshi Oil & Fat Co Ltd is engaged in the manufacture and sale of margarine, shortenings, lard, whipped cream, and powdered and other edible processed fats and oils. The company has two reportable segments: Food Business and Oil and Chemical Business. Food Business includes margarine, shortening, lard, powdered oils and fats, whipped cream, and other edible processed oils and fats. The oil and chemical business includes fatty acids, glycerin, industrial soap, other industrial oils and fats, textile treatment agents, defoamers, cosmetic raw materials, Heavy metal collectors, heavy metal fixers, and other various surfactants.
70GF Score

Get the complete analysis for TSE:4404

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

円1,933.00
Price
円1,574.64
GF Value