Tosho Co (TSE:8920) Selling, General, & Admin. Expense: 円491 Mil (TTM As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:8920 Tosho Co Ltd TSE:8920
84 GF Score
Price 円712.00
GF Value 円650.07
Valuation Fairly Valued
! 3 Warning Signs
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What is Tosho Co Selling, General, & Admin. Expense?

Tosho Co TSE:8920 84 Selling, General, & Admin. Expense is 円491 Mil as of Mar. 2026. GuruFocus rates TSE:8920 with a GF Score™ of 84/100 and a GF Value™ of 円650.07 (Fairly Valued). The stock has 3 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. Tosho Co's selling, general, & admin. expense for the three months ended in Mar. 2026 was 円189 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was 円491 Mil.


Tosho Co  (TSE:8920) 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.


Tosho Co Selling, General, & Admin. Expense Related Terms


Tosho Co Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Tosho 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.

Tosho Co Selling, General, & Admin. Expense Chart

Tosho Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 295.81 321.36 639.08 705.26 512.00

Tosho Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 124.77 96.03 101.71 189.50 103.43

TSE:8920 vs MMM, HON: Selling, General, & Admin. Expense Comparison

For the Conglomerates subindustry, Tosho 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.


Tosho Co Selling, General, & Admin. Expense vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tosho Co's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Tosho Co's Selling, General, & Admin. Expense falls into.


TSE:8920
84GF Score
Tosho Co Ltd TSE:8920
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tosho 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491 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491 Mil mean?
Tosho Co (TSE:8920) has a Selling, General, & Admin. Expense of 円491 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 Tosho Co and its competitors.
Is Tosho Co's Selling, General, & Admin. Expense too high?
Tosho Co's current Selling, General, & Admin. Expense is 円491 Mil. Overall, Tosho Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tosho Co's Selling, General, & Admin. Expense compare to MMM and HON?
Tosho Co's Selling, General, & Admin. Expense of 円491 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Selling, General, & Admin. Expense depends on the Conglomerates 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 Tosho Co and its competitors. Tosho Co's current Selling, General, & Admin. Expense is 円491 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosho Co stock overvalued right now?
Based on GuruFocus' analysis, Tosho Co (TSE:8920) is currently considered Fairly Valued. The stock's GF Value™ is 円650.07, compared to a current price of 円712.00 — trading 9.5% above its estimated fair value. The current Selling, General, & Admin. Expense is 円491 Mil. Tosho Co's overall GF Score™ is 84/100 with 3 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 Tosho Co (TSE:8920), the current Selling, General, & Admin. Expense is 円491 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 Tosho Co (TSE:8920) Overvalued in 2026?

Based on GuruFocus' analysis, Tosho Co stock appears to be overvalued. The current stock price of 円712.00 is trading 9.5% above its estimated GF Value™ of 円650.07. GuruFocus considers Tosho Co to be Fairly Valued.

Key valuation signals for TSE:8920:

  • Selling, General, & Admin. Expense: 円491 Mil
  • GF Value™: 円650.07 vs. price of 円712.00 (9.5% above fair value)
  • GF Score™: 84/100 with 3 warning signs

No single metric tells the full story. See the TSE:8920 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tosho Co Business Description

Address 1-16-5, Mikawaanjocho, Anjo-Shi, Aichi, JPN, 446-0056
Tosho Co Ltd is mainly engaged in the operation of sports clubs in Japan. It mainly operates membership sports clubs under the name Holiday Sports Club and golf practice ranges under the name Holiday Golf Garden. The company's business segment includes Sports club business; Hotel business and Real estate business. It generates maximum revenue from the Sports club business segment.
84GF Score

Get the complete analysis for TSE:8920

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

円712.00
Price
円650.07
GF Value