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.
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.
FJ Next Holdings CoTSE:8935 +0.76%93 3-Year ROIIC % is 16.45 as of Mar. 2026, which is 1042% above its 10-year median of 1.44. GuruFocus rates TSE:8935 with a GF Score™ of 93/100 and a GF Value™ of 円1,835.38 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,661 Real Estate companies, FJ Next Holdings Co ranks better than 80.98% 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.
FJ Next Holdings Co's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 16.45%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for FJ Next Holdings Co's 3-Year ROIIC % or its related term are showing as below:
TSE:8935's 3-Year ROIIC % is ranked better than 80.98% of 1661
companies
in the Real Estate industry
Industry Median: 2.41
vs TSE:8935: 16.45
FJ Next Holdings Co (TSE:8935) 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.
FJ Next Holdings Co 3-Year ROIIC % Related Terms
FJ Next Holdings Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for FJ Next Holdings 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.
FJ Next Holdings Co 3-Year ROIIC % Competitor Comparison
For the Real Estate - Diversified subindustry, FJ Next Holdings 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.
FJ Next Holdings Co 3-Year ROIIC % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, FJ Next Holdings Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where FJ Next Holdings Co's 3-Year ROIIC % falls into.
* 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.
FJ Next Holdings Co (TSE:8935) has a 3-Year ROIIC % of 16.45 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 FJ Next Holdings Co and its competitors. This is 1042% above median its historical median of 1.44. According to the industry distribution chart, FJ Next Holdings Co ranks #316 out of 1661 companies in the Real Estate industry, placing it in the top 19%.
Is FJ Next Holdings Co's 3-Year ROIIC % too high?
FJ Next Holdings Co's current 3-Year ROIIC % of 16.45 is 1042% above median its 10-year median of 1.44. The Real Estate industry median 3-Year ROIIC % is 2.41. FJ Next Holdings Co's value of 16.45 is 582.6% above this industry median. Based on the distribution chart, FJ Next Holdings Co ranks #316 out of 1661 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, FJ Next Holdings Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FJ Next Holdings Co's 3-Year ROIIC % compare to competitors?
According to the Real Estate industry distribution chart, FJ Next Holdings Co ranks #316 out of 1661 companies for 3-Year ROIIC %. This places FJ Next Holdings Co in the top 19% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.41. FJ Next Holdings Co's value of 16.45 is 582.6% above this benchmark. While the company's 10-year median is 1.44 vs. the industry median of 2.41, FJ Next Holdings 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 Real Estate company?
The median 3-Year ROIIC % among Real Estate companies is 2.41, based on 1,661 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. FJ Next Holdings Co's current 3-Year ROIIC % of 16.45 is 582.6% 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 FJ Next Holdings Co and its competitors. For the Real Estate industry, the median 3-Year ROIIC % is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FJ Next Holdings Co's current 3-Year ROIIC % is 16.45, which is 1042% above median its own 10-year median of 1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FJ Next Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, FJ Next Holdings Co (TSE:8935) is currently considered Fairly Valued. The stock's GF Value™ is 円1,835.38, compared to a current price of 円1,847.00 — trading 0.6% above its estimated fair value. The current 3-Year ROIIC % is 16.45, which is 1042% above median its 10-year median of 1.44 and 582.6% above the Real Estate industry median of 2.41. FJ Next Holdings Co's overall GF Score™ is 93/100 with 4 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 FJ Next Holdings Co (TSE:8935), the current 3-Year ROIIC % is 16.45 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 FJ Next Holdings Co (TSE:8935) Overvalued in 2026?
Based on GuruFocus' analysis, FJ Next Holdings Co stock appears to be overvalued.
The current stock price of 円1,847.00 is trading 0.6% above its estimated GF Value™ of 円1,835.38.
GuruFocus considers FJ Next Holdings Co to be Fairly Valued.
Key valuation signals for TSE:8935:
3-Year ROIIC %: 16.45 (1042% above median its 10-year median of 1.44)
GF Value™: 円1,835.38 vs. price of 円1,847.00 (0.6% above fair value)
Industry Position: 582.6% above the Real Estate median (#316 of 1661)
No single metric tells the full story. See the TSE:8935 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FJ Next Holdings Co Ltd operates in the real estate sector in Japan. Along with its subsidiaries, the company operates in the following reportable segments: Real Estate Development, Real Estate Management, Construction, Hotel, and others. The majority of its revenue is generated from the Real Estate Development business, which is engaged in the development, sales, and marketing of studio apartments, resort properties, and family apartments (Gala Mansion Series and Gala Residencies) mainly in the Tokyo metropolitan area. In addition, this segment also offers rental recruitment and real estate brokerage services.
93GF Score
Get the complete analysis for TSE:8935
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:8935 has been successfully added to your 
