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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. The Kosei Securities Co's selling, general, & admin. expense for the
three
months ended in Mar. 2026 was 円2 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was 円11 Mil.
The Kosei Securities Co (TSE:8617) 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.
The Kosei Securities Co Selling, General, & Admin. Expense Related Terms
The Kosei Securities Co Selling, General, & Admin. Expense Historical Data
* Premium members only.
The historical data trend for The Kosei Securities Co'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.
The Kosei Securities Co Selling, General, & Admin. Expense Chart
TSE:8617 vs MS, GS, SCHW: Selling, General, & Admin. Expense Comparison
For the Capital Markets subindustry, The Kosei Securities Co'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.
The Kosei Securities Co Selling, General, & Admin. Expense vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, The Kosei Securities Co's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where The Kosei Securities Co's Selling, General, & Admin. Expense falls into.
The Kosei Securities Co 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円11 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11 Mil mean?
The Kosei Securities Co (TSE:8617) has a Selling, General, & Admin. Expense of 円11 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on The Kosei Securities Co and its competitors.
Is The Kosei Securities Co's Selling, General, & Admin. Expense too high?
The Kosei Securities Co's current Selling, General, & Admin. Expense is 円11 Mil. Overall, The Kosei Securities Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Kosei Securities Co's Selling, General, & Admin. Expense compare to MS and GS?
The Kosei Securities Co's Selling, General, & Admin. Expense of 円11 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Selling, General, & Admin. Expense depends on the Capital Markets 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 The Kosei Securities Co and its competitors. The Kosei Securities Co's current Selling, General, & Admin. Expense is 円11 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Kosei Securities Co stock overvalued right now?
Based on GuruFocus' analysis, The Kosei Securities Co (TSE:8617) is currently considered Possible Value Trap. The stock's GF Value™ is 円855.05, compared to a current price of 円591.00 — trading 30.9% below its estimated fair value. The current Selling, General, & Admin. Expense is 円11 Mil. The Kosei Securities Co's overall GF Score™ is 60/100 with 5 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 The Kosei Securities Co (TSE:8617), the current Selling, General, & Admin. Expense is 円11 Mil 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 The Kosei Securities Co (TSE:8617) Overvalued in 2026?
Based on GuruFocus' analysis, The Kosei Securities Co stock appears to be undervalued.
The current stock price of 円591.00 is trading 30.9% below its estimated GF Value™ of 円855.05.
GuruFocus considers The Kosei Securities Co to be Possible Value Trap.
Key valuation signals for TSE:8617:
Selling, General, & Admin. Expense: 円11 Mil
GF Value™: 円855.05 vs. price of 円591.00 (30.9% below fair value)
No single metric tells the full story. See the TSE:8617 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Kosei Securities Co Ltd operates in the capital market industry. The company provides brokerage service, underwriting service, and other services related to securities.
60GF Score
Get the complete analysis for TSE:8617
Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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