Top 20 Japanese stocks by Gross profitability — as of 2026-09-03
We screened 126 Japanese stocks by Gross profitability and publish the top 20. As of 2026-09-03, market median 24.8%. Formula and limitations included.
- Universe
- 126
- Market median
- 24.8%
- Top decile cutoff
- 69.8%
| Rank | Stock | Gross profitability |
|---|---|---|
| 1 | 大戸屋ホールディングス2705.T | 173.1% |
| 2 | 魚喜2683.T | 142.1% |
| 3 | ユナイテッド＆コレクティブ3557.T | 123.1% |
| 4 | ジンジブ142A.T | 100.7% |
| 5 | インバウンドプラットフォーム5587.T | 83.7% |
| 6 | サイゼリヤ7581.T | 83.1% |
| 7 | セリア2782.T | 82.9% |
| 8 | コナカ7494.T | 78.8% |
| 9 | うかい7621.T | 75.4% |
| 10 | 全保連5845.T | 73.2% |
| 11 | ライドオンエクスプレスホールディングス6082.T | 73.2% |
| 12 | リスキル291A.T | 72.1% |
| 13 | いい生活3796.T | 70.6% |
| 14 | ビープラッツ4381.T | 68.9% |
| 15 | Ｐｈｏｔｏｓｙｎｔｈ4379.T | 65.7% |
| 16 | アイ・ケイ・ケイホールディングス2198.T | 65.2% |
| 17 | ＰｏｓｔＰｒｉｍｅ198A.T | 62.8% |
| 18 | Ｎｏ．１3562.T | 62.7% |
| 19 | ＰＬＡＮＴ7646.T | 60.3% |
| 20 | 資生堂4911.T | 58.6% |
As of 2026-09-03
What this metric measures
Gross profitability measures how much gross profit a company produces per unit of assets. Robert Novy-Marx introduced it in a 2013 paper, arguing that gross profit is the line on the income statement least affected by accounting discretion and therefore harder to manage than net income. The paper reported predictive power comparable to book-to-market.
How we calculate it
Gross profit (revenue minus cost of goods sold) divided by total assets. Because it sits above depreciation, SG&A, interest and tax, companies investing heavily for growth are not penalised.
Limitations of this list
Results split structurally by industry. Software and pharmaceuticals score high because their cost of goods is low, while retail and construction score low. Ranking across sectors lets a few industries dominate the top.
Frequently asked questions
Why use gross profitability instead of net margin?
Gross profit precedes discretionary choices around depreciation method, SG&A allocation and one-off items. Novy-Marx (2013) showed this cleaner profitability measure explains future returns better than net-income-based ratios.
Can this metric alone identify quality companies?
No. High gross profitability with excessive debt or weak cash conversion is still risky. This list shows each company's F-Score and ROIC alongside so a single metric does not drive the read.
How do I compare within a sector?
The individual stock page shows the metric alongside sector context. This ranking covers the whole market, so sector concentration is expected.
Other screens
Cite or embed this data
Top 20 Japanese stocks by Gross profitability — as of 2026-09-03 — Market median 24.8%, Universe 126. Margin Call, https://margincall.online/screener/quality-jp
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This list is the output of a financial-metric calculation, not investment advice. No single metric supports a buy or sell decision, and past financial data does not guarantee future returns.
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