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TOKAITSE:9729 +0.08%88 3-Year ROIIC % is 4.60 as of Mar. 2026, which is 13% above its 10-year median of 4.06. GuruFocus rates TSE:9729 with a GF Score™ of 88/100 and a GF Value™ of 円2,591.88 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,011 Business Services companies, TOKAI ranks worse than 51.14% 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.
TOKAI's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 4.60%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for TOKAI's 3-Year ROIIC % or its related term are showing as below:
TSE:9729's 3-Year ROIIC % is ranked worse than 51.14% of 1011
companies
in the Business Services industry
Industry Median: 5.08
vs TSE:9729: 4.60
TOKAI (TSE:9729) 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.
TOKAI 3-Year ROIIC % Related Terms
TOKAI 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for TOKAI'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:9729 vs URI, SUNB, AER: 3-Year ROIIC % Comparison
For the Rental & Leasing Services subindustry, TOKAI'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.
TOKAI 3-Year ROIIC % vs Business Services Industry
For the Business Services industry and Industrials sector, TOKAI's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where TOKAI's 3-Year ROIIC % falls into.
TOKAI'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**
=
( 6105.5181 (Mar. 2026) - 5412.095 (Mar. 2023) )
/
( 70496 (Mar. 2026) - 55414 (Mar. 2023) )
=
693.4231
/
15082
=
4.60%***
* 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.
TOKAI (TSE:9729) has a 3-Year ROIIC % of 4.60 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 TOKAI and its competitors. This is 13% above median its historical median of 4.06. According to the industry distribution chart, TOKAI ranks #517 out of 1011 companies in the Business Services industry, placing it in the top 51.1%.
Is TOKAI's 3-Year ROIIC % too high?
TOKAI's current 3-Year ROIIC % of 4.60 is 13% above median its 10-year median of 4.06. The Business Services industry median 3-Year ROIIC % is 5.08. TOKAI's value of 4.60 is 9.4% below this industry median. Based on the distribution chart, TOKAI ranks #517 out of 1011 companies in the Business Services industry, which is below the industry midpoint. Overall, TOKAI has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TOKAI's 3-Year ROIIC % compare to URI and SUNB?
According to the Business Services industry distribution chart, TOKAI ranks #517 out of 1011 companies for 3-Year ROIIC %. This places TOKAI in the lower half of its industry. The industry median 3-Year ROIIC % is 5.08. TOKAI's value of 4.60 is 9.4% below this benchmark. While the company's 10-year median is 4.06 vs. the industry median of 5.08, TOKAI has consistently been below 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 Business Services company?
The median 3-Year ROIIC % among Business Services companies is 5.08, based on 1,011 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. TOKAI's current 3-Year ROIIC % of 4.60 is 9.4% below 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 TOKAI and its competitors. For the Business Services industry, the median 3-Year ROIIC % is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOKAI's current 3-Year ROIIC % is 4.60, which is 13% above median its own 10-year median of 4.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOKAI stock overvalued right now?
Based on GuruFocus' analysis, TOKAI (TSE:9729) is currently considered Fairly Valued. The stock's GF Value™ is 円2,591.88, compared to a current price of 円2,431.00 — trading 6.2% below its estimated fair value. The current 3-Year ROIIC % is 4.60, which is 13% above median its 10-year median of 4.06 and 9.4% below the Business Services industry median of 5.08. TOKAI's overall GF Score™ is 88/100 with 1 warning sign 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 TOKAI (TSE:9729), the current 3-Year ROIIC % is 4.60 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 TOKAI (TSE:9729) Overvalued in 2026?
Based on GuruFocus' analysis, TOKAI stock appears to be undervalued.
The current stock price of 円2,431.00 is trading 6.2% below its estimated GF Value™ of 円2,591.88.
GuruFocus considers TOKAI to be Fairly Valued.
Key valuation signals for TSE:9729:
3-Year ROIIC %: 4.60 (13% above median its 10-year median of 4.06)
GF Value™: 円2,591.88 vs. price of 円2,431.00 (6.2% below fair value)
Industry Position: 9.4% below the Business Services median (#517 of 1011)
No single metric tells the full story. See the TSE:9729 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOKAI Corp is a Japan-based company which is involved in rental and leasing business. The firm is primarily engaged in supplying beddings for hospitals, clinics, and care facilities, as well as hotels and resort facilities, on a rental or contract basis. Its have business segments include The Healthy Life Services segment rents beddings and nursing care products, provides food service, and manufactures and sells cleaning machinery, The Dispensing Services segment operates pharmacies for dispensing service in front of general hospitals, The Environmental Services segment is engaged in the rental and sale of environmental products, and The Building Cleaning and Management services mainly for medical institutions and nursing care facilities.
88GF Score
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