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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.
Harima Chemicals Group's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 13.14%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Harima Chemicals Group's 3-Year ROIIC % or its related term are showing as below:
TSE:4410's 3-Year ROIIC % is ranked better than 71.14% of 1528
companies
in the Chemicals industry
Industry Median: 0.07
vs TSE:4410: 13.14
Harima Chemicals Group (TSE:4410) 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.
Harima Chemicals Group 3-Year ROIIC % Related Terms
Harima Chemicals Group 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Harima Chemicals Group'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.
TSE:4410 vs LIN, SHW, ECL: 3-Year ROIIC % Comparison
For the Specialty Chemicals subindustry, Harima Chemicals Group'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.
Harima Chemicals Group 3-Year ROIIC % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Harima Chemicals Group's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Harima Chemicals Group's 3-Year ROIIC % falls into.
Harima Chemicals Group'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**
=
( 2426.4634 (Mar. 2026) - 945.4188 (Mar. 2023) )
/
( 86863 (Mar. 2026) - 75592 (Mar. 2023) )
=
1481.0446
/
11271
=
13.14%***
* 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.
Harima Chemicals Group (TSE:4410) has a 3-Year ROIIC % of 13.14 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 Harima Chemicals Group and its competitors. According to the industry distribution chart, Harima Chemicals Group ranks #441 out of 1528 companies in the Chemicals industry, placing it in the top 28.9%.
Is Harima Chemicals Group's 3-Year ROIIC % too high?
Harima Chemicals Group's current 3-Year ROIIC % is 13.14. The Chemicals industry median 3-Year ROIIC % is 0.07. Harima Chemicals Group's value of 13.14 is 18671.4% above this industry median. Based on the distribution chart, Harima Chemicals Group ranks #441 out of 1528 companies in the Chemicals industry, which is above the industry midpoint. Overall, Harima Chemicals Group has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harima Chemicals Group's 3-Year ROIIC % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Harima Chemicals Group ranks #441 out of 1528 companies for 3-Year ROIIC %. This puts Harima Chemicals Group in the upper half of its industry. The industry median 3-Year ROIIC % is 0.07. Harima Chemicals Group's value of 13.14 is 18671.4% 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 a Chemicals company?
The median 3-Year ROIIC % among Chemicals companies is 0.07, based on 1,528 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. Harima Chemicals Group's current 3-Year ROIIC % of 13.14 is 18671.4% 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 Harima Chemicals Group and its competitors. For the Chemicals industry, the median 3-Year ROIIC % is 0.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harima Chemicals Group's current 3-Year ROIIC % is 13.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harima Chemicals Group stock overvalued right now?
Based on GuruFocus' analysis, Harima Chemicals Group (TSE:4410) is currently considered Modestly Overvalued. The stock's GF Value™ is 円973.37, compared to a current price of 円1,130.00 — trading 16.1% above its estimated fair value. The current 3-Year ROIIC % is 13.14 and 18671.4% above the Chemicals industry median of 0.07. Harima Chemicals Group's overall GF Score™ is 67/100 with 8 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 Harima Chemicals Group (TSE:4410), the current 3-Year ROIIC % is 13.14 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 Harima Chemicals Group (TSE:4410) Overvalued in 2026?
Based on GuruFocus' analysis, Harima Chemicals Group stock appears to be overvalued.
The current stock price of 円1,130.00 is trading 16.1% above its estimated GF Value™ of 円973.37.
GuruFocus considers Harima Chemicals Group to be Modestly Overvalued.
Key valuation signals for TSE:4410:
3-Year ROIIC %: 13.14
GF Value™: 円973.37 vs. price of 円1,130.00 (16.1% above fair value)
Industry Position: 18671.4% above the Chemicals median (#441 of 1528)
No single metric tells the full story. See the TSE:4410 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harima Chemicals Group Inc is a Japan-based chemical manufacturer. The company is mainly engaged in chemical products business, papermaking chemical business, and electronic materials business. Products offered by the company include resins for printing ink, paint, resin for adhesive and adhesive, emulsifier for synthetic rubber, sizing agent, paper strength enhancer, and coating agent. Electronic materials business develops, manufacture and sell conductive paste, brazing material for aluminum and printed wiring board related materials. Harima has a world-wide network with presence in Europe, Asia, Oceania, North America, and South America.
67GF Score
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