Heiwa (FRA:HWC) Total Operating Expense: €239 Mil (TTM As of Mar. 2026)


FRA:HWC Heiwa Corp FRA:HWC
72 GF Score
Price €10.80
GF Value €21.08
! 6 Warning Signs
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What is Heiwa Total Operating Expense?

Heiwa FRA:HWC +0.93% 72 Total Operating Expense is €239 Mil as of Mar. 2026. GuruFocus rates FRA:HWC with a GF Score™ of 72/100 and a GF Value™ of €21.08. The stock has 6 warning signs investors should review.

Heiwa's Total Operating Expense for the three months ended in Mar. 2026 was €64 Mil. Heiwa's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was €239 Mil.

Heiwa Total Operating Expense Related Terms

Heiwa Total Operating Expense Historical Data

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The historical data trend for Heiwa's Total Operating 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.

Heiwa Total Operating Expense Chart

Heiwa Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 177.37 156.58 143.48 153.89 229.23

Heiwa Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating 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 43.03 68.08 57.74 49.01 63.99
FRA:HWC
72GF Score
Heiwa Corp FRA:HWC
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Heiwa Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating 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 €239 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 Total Operating Expense of €239 Mil mean?
Heiwa (FRA:HWC) has a Total Operating Expense of €239 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Heiwa and its competitors.
Is Heiwa's Total Operating Expense too high?
Heiwa's current Total Operating Expense is €239 Mil. Overall, Heiwa has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Heiwa's Total Operating Expense compare to AS and HAS?
Heiwa's Total Operating Expense of €239 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Travel & Leisure company?
A good Total Operating Expense depends on the Travel & Leisure industry context. However, Total Operating 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Heiwa and its competitors. Heiwa's current Total Operating Expense is €239 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa stock overvalued right now?
Heiwa (FRA:HWC) has a current Total Operating Expense of €239 Mil. The stock's GF Value™ is €21.08, compared to a current price of €10.80 — trading 48.8% below its estimated fair value. The current Total Operating Expense is €239 Mil. Heiwa's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Heiwa (FRA:HWC), the current Total Operating Expense is €239 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 Heiwa (FRA:HWC) Overvalued in 2026?

Based on GuruFocus' analysis, Heiwa stock appears to be undervalued. The current stock price of €10.80 is trading 48.8% below its estimated GF Value™ of €21.08.

Key valuation signals for FRA:HWC:

  • Total Operating Expense: €239 Mil
  • GF Value™: €21.08 vs. price of €10.80 (48.8% below fair value)
  • GF Score™: 72/100 with 6 warning signs

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

Heiwa Business Description

Other Exchanges 6412:Japan
Address 1 Chome-16-1 Higashiueno, Taito-ku, Tokyo, JPN, 110-0015
Heiwa Corp is a gambling company involved in the manufacturing and sales of pachinko and pachislot machines. The company operates in two business segments: game machines and golf. The game machine business develops pachinko machines, a gambling device with pinball-like characteristics, which are sold to pachinko parlors throughout Japan. Pachinko parlors allow users to purchase small steel balls, which are utilized in pachinko machines under the objective of winning more balls, which can then be exchanged for prizes. Pachislot machines, which are a similar gambling device with characteristics of pachinko and slot machines, are developed in a similar manner. The company's golf segment operates a number of golf courses. Heiwa generates the vast majority of its revenue in Japan.
72GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€10.80
Price
€21.08
GF Value