Matsumoto (TSE:7901) 3-Year ROIIC % : 48.08% (As of Apr. 2026)

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Director of Data and Quant Analytics at GuruFocus
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TSE:7901 Matsumoto Inc TSE:7901
50 GF Score
Price 円814.00
GF Value 円1,028.70
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Matsumoto 3-Year ROIIC %?

Matsumoto TSE:7901 +1.62% 50 3-Year ROIIC % is 48.08 as of Apr. 2026. GuruFocus rates TSE:7901 with a GF Score™ of 50/100 and a GF Value™ of 円1,028.70 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 268 Forest Products companies, Matsumoto ranks better than 83.58% 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. Matsumoto's 3-Year ROIIC % for the quarter that ended in Apr. 2026 was 48.08%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

TSE:7901's 3-Year ROIIC % is ranked better than
83.58% of 268 companies
in the Forest Products industry
Industry Median: -0.74 vs TSE:7901: 48.08

Matsumoto  (TSE:7901) 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.


Matsumoto 3-Year ROIIC % Related Terms


Matsumoto 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Matsumoto'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.

Matsumoto 3-Year ROIIC % Chart

Matsumoto Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.02 -3.31 -35.53 -21.67 48.08

Matsumoto Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 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 -35.53 0.00 -21.67 0.00 48.08

Matsumoto 3-Year ROIIC % Competitor Comparison

For the Paper & Paper Products subindustry, Matsumoto'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.


Matsumoto 3-Year ROIIC % vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Matsumoto's 3-Year ROIIC % distribution charts can be found below:

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


TSE:7901
50GF Score
Matsumoto Inc TSE:7901
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Matsumoto 3-Year ROIIC % Calculation

Matsumoto's 3-Year ROIIC % for the quarter that ended in Apr. 2026 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( -157.5236388 (Apr. 2026) - 11.224644 (Apr. 2023) )/( 1612.148 (Apr. 2026) - 1963.157 (Apr. 2023) )
=-168.7482828/-351.009
=48.08%***

* 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 48.08 mean?
Matsumoto (TSE:7901) has a 3-Year ROIIC % of 48.08 as of Apr. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Matsumoto and its competitors. According to the industry distribution chart, Matsumoto ranks #44 out of 268 companies in the Forest Products industry, placing it in the top 16.4%.
Is Matsumoto's 3-Year ROIIC % too high?
Matsumoto's current 3-Year ROIIC % is 48.08. Based on the distribution chart, Matsumoto ranks #44 out of 268 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Matsumoto has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Matsumoto's 3-Year ROIIC % compare to competitors?
According to the Forest Products industry distribution chart, Matsumoto ranks #44 out of 268 companies for 3-Year ROIIC %. This places Matsumoto in the top 16% of its industry — outperforming the majority of peers. 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 Forest Products company?
A good 3-Year ROIIC % depends on the Forest Products industry context. 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 Matsumoto and its competitors. Matsumoto's current 3-Year ROIIC % is 48.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matsumoto stock overvalued right now?
Based on GuruFocus' analysis, Matsumoto (TSE:7901) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,028.70, compared to a current price of 円814.00 — trading 20.9% below its estimated fair value. The current 3-Year ROIIC % is 48.08. Matsumoto's overall GF Score™ is 50/100 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 Matsumoto (TSE:7901), the current 3-Year ROIIC % is 48.08 as of Apr. 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 Matsumoto (TSE:7901) Overvalued in 2026?

Based on GuruFocus' analysis, Matsumoto stock appears to be undervalued. The current stock price of 円814.00 is trading 20.9% below its estimated GF Value™ of 円1,028.70. GuruFocus considers Matsumoto to be Modestly Undervalued.

Key valuation signals for TSE:7901:

  • 3-Year ROIIC %: 48.08
  • GF Value™: 円1,028.70 vs. price of 円814.00 (20.9% below fair value)
  • GF Score™: 50/100 with 5 warning signs

No single metric tells the full story. See the TSE:7901 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Matsumoto Business Description

Address 1-2-1 Shanoki Moji Ward, Fukuoka Prefecture, Kitakyushu, JPN, 800-8555
Matsumoto Inc produces and sells graduation albums, as well as commercial printing products, such as posters, catalogs, and pamphlets. The company is also engaged in the digital picture albums and self-publishing business.
50GF Score

Get the complete analysis for TSE:7901

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

円814.00
Price
円1,028.70
GF Value