Happiness and D Co (TSE:3174) Total Operating Expense: 円3,843 Mil (TTM As of Feb. 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:3174 Happiness and D Co Ltd TSE:3174
46 GF Score
Price 円406.00
GF Value 円555.04
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Happiness and D Co Total Operating Expense?

Happiness and D Co TSE:3174 -1.22% 46 Total Operating Expense is 円3,843 Mil as of Feb. 2026. GuruFocus rates TSE:3174 with a GF Score™ of 46/100 and a GF Value™ of 円555.04 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Happiness and D Co's Total Operating Expense for the six months ended in Feb. 2026 was 円1,826 Mil. Happiness and D Co's Total Operating Expense for the trailing twelve months (TTM) ended in Feb. 2026 was 円3,843 Mil.


Happiness and D Co Total Operating Expense Related Terms


Happiness and D Co Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Happiness and D Co'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.

Happiness and D Co Total Operating Expense Chart

Happiness and D Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,238.58 4,354.30 4,681.46 4,272.40 3,990.90

Happiness and D Co Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 2,168.92 2,103.48 1,973.62 2,017.28 1,826.11
TSE:3174
46GF Score
Happiness and D Co Ltd TSE:3174
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Happiness and D Co 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 Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円3,843 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 円3,843 Mil mean?
Happiness and D Co (TSE:3174) has a Total Operating Expense of 円3,843 Mil as of Feb. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Happiness and D Co and its competitors.
Is Happiness and D Co's Total Operating Expense too high?
Happiness and D Co's current Total Operating Expense is 円3,843 Mil. Overall, Happiness and D Co has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Happiness and D Co's Total Operating Expense compare to CASY and WSM?
Happiness and D Co's Total Operating Expense of 円3,843 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Total Operating Expense depends on the Retail - Cyclical 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 Happiness and D Co and its competitors. Happiness and D Co's current Total Operating Expense is 円3,843 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happiness and D Co stock overvalued right now?
Based on GuruFocus' analysis, Happiness and D Co (TSE:3174) is currently considered Modestly Undervalued. The stock's GF Value™ is 円555.04, compared to a current price of 円406.00 — trading 26.9% below its estimated fair value. The current Total Operating Expense is 円3,843 Mil. Happiness and D Co's overall GF Score™ is 46/100 with 3 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 Happiness and D Co (TSE:3174), the current Total Operating Expense is 円3,843 Mil as of Feb. 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 Happiness and D Co (TSE:3174) Overvalued in 2026?

Based on GuruFocus' analysis, Happiness and D Co stock appears to be undervalued. The current stock price of 円406.00 is trading 26.9% below its estimated GF Value™ of 円555.04. GuruFocus considers Happiness and D Co to be Modestly Undervalued.

Key valuation signals for TSE:3174:

  • Total Operating Expense: 円3,843 Mil
  • GF Value™: 円555.04 vs. price of 円406.00 (26.9% below fair value)
  • GF Score™: 46/100 with 3 warning signs

No single metric tells the full story. See the TSE:3174 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Happiness and D Co Business Description

Address Toka Building. 4th Floor, 1-16-1 Ginza, Chuo-ku, Tokyo, JPN, 104-0061
Happiness and D Co Ltd manages branded gift stores in Japan. It is engaged in sales of imported brand products, including jewelry, such as imported brand jewelry and diamond jewelry consisting of rings, necklaces, earrings, and bracelets; as well as watches, handbags, and accessories. The company has stores located in Hokkaido, Tohoku, Kanto, Chubu and Chugoku among other locations.
46GF Score

Get the complete analysis for TSE:3174

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

円406.00
Price
円555.04
GF Value