Star Asia Investment (TSE:3468) Selling, General, & Admin. Expense: 円1,325 Mil (TTM As of Jan. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:3468 Star Asia Investment Corp TSE:3468
51 GF Score
Price 円53,400.00
GF Value 円62,921.12
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Star Asia Investment Selling, General, & Admin. Expense?

Star Asia Investment TSE:3468 -0.56% 51 Selling, General, & Admin. Expense is 円1,325 Mil as of Jan. 2026. GuruFocus rates TSE:3468 with a GF Score™ of 51/100 and a GF Value™ of 円62,921.12 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Star Asia Investment's selling, general, & admin. expense for the six months ended in Jan. 2026 was 円686 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jan. 2026 was 円1,325 Mil.


Star Asia Investment  (TSE:3468) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Star Asia Investment Selling, General, & Admin. Expense Related Terms


Star Asia Investment Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Star Asia Investment's Selling, General, & Admin. Expense 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.

Star Asia Investment Selling, General, & Admin. Expense Chart

Star Asia Investment Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 785.33 785.08 842.90 1,055.15 1,280.36

Star Asia Investment Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Selling, General, & Admin. Expense 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 512.73 542.42 641.41 638.96 685.78

TSE:3468 vs VICI, WPC: Selling, General, & Admin. Expense Comparison

For the REIT - Diversified subindustry, Star Asia Investment's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.


Star Asia Investment Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, Star Asia Investment's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Star Asia Investment's Selling, General, & Admin. Expense falls into.


TSE:3468
51GF Score
Star Asia Investment Corp TSE:3468
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Star Asia Investment Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円1,325 Mil.

* 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.

What does a Selling, General, & Admin. Expense of 円1,325 Mil mean?
Star Asia Investment (TSE:3468) has a Selling, General, & Admin. Expense of 円1,325 Mil as of Jan. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Star Asia Investment and its competitors.
Is Star Asia Investment's Selling, General, & Admin. Expense too high?
Star Asia Investment's current Selling, General, & Admin. Expense is 円1,325 Mil. Overall, Star Asia Investment has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Star Asia Investment's Selling, General, & Admin. Expense compare to VICI and WPC?
Star Asia Investment's Selling, General, & Admin. Expense of 円1,325 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Star Asia Investment and its competitors. Star Asia Investment's current Selling, General, & Admin. Expense is 円1,325 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Star Asia Investment stock overvalued right now?
Based on GuruFocus' analysis, Star Asia Investment (TSE:3468) is currently considered Modestly Undervalued. The stock's GF Value™ is 円62,921.12, compared to a current price of 円53,400.00 — trading 15.1% below its estimated fair value. The current Selling, General, & Admin. Expense is 円1,325 Mil. Star Asia Investment's overall GF Score™ is 51/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Star Asia Investment (TSE:3468), the current Selling, General, & Admin. Expense is 円1,325 Mil as of Jan. 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 Star Asia Investment (TSE:3468) Overvalued in 2026?

Based on GuruFocus' analysis, Star Asia Investment stock appears to be undervalued. The current stock price of 円53,400.00 is trading 15.1% below its estimated GF Value™ of 円62,921.12. GuruFocus considers Star Asia Investment to be Modestly Undervalued.

Key valuation signals for TSE:3468:

  • Selling, General, & Admin. Expense: 円1,325 Mil
  • GF Value™: 円62,921.12 vs. price of 円53,400.00 (15.1% below fair value)
  • GF Score™: 51/100 with 4 warning signs

No single metric tells the full story. See the TSE:3468 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Star Asia Investment Business Description

Industry Real EstateREITs
Address 2-5-1, Atago, 18th Floor, Atago Green Hills MORI Tower, Minato-ku, Tokyo, JPN, 105-0002
Star Asia Investment Corp is a real estate investment trust (REIT). The company mainly invests in real estate properties such as business offices, logistics facilities, residential buildings and hotels. It aims to achieve internal and external growth in asset and maximize investors' profit from mid-term to long-term perspectives.
51GF Score

Get the complete analysis for TSE:3468

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円53,400.00
Price
円62,921.12
GF Value