<p>HASEKO（东京证券交易所代码：1808）在股市上表现出色，过去三个月股价上涨了显著的 20%。然而，我们想知道公司的财务不稳定是否会对当前的股价动能产生不利影响。在本文中，我们决定关注 HASEKO 的股本回报率（ROE）。</p>
<p>股本回报率（ROE）是评估公司如何有效地利用股东投资产生回报的有用工具。简单来说，它用于评估公司相对于其股本的盈利能力。</p>
<p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
<h2>如何计算股本回报率？</h2>
<p><strong>股本回报率可以通过以下公式计算：</strong></p>
<p>股本回报率 = 净利润（来自持续经营）÷ 股东权益</p>
<p>因此，根据上述公式，HASEKO 的 ROE 为：</p>
<p>7.5% = JP¥39b ÷ JP¥527b（基于截至 2025 年 9 月的过去十二个月）。</p>
<p>“回报” 指的是公司在过去一年中的收益。换句话说，对于每 1 日元的股本，公司能够赚取 0.07 日元的利润。</p>
<p>查看我们对 HASEKO 的最新分析</p>
<h2>为什么 ROE 对盈利增长很重要？</h2>
<p>到目前为止，我们了解到 ROE 衡量的是公司产生利润的效率。我们现在需要评估公司再投资或 “保留” 的利润多少，以便为未来的增长提供依据，这样可以让我们了解公司的增长潜力。假设其他条件相同，具有更高股本回报率和更高利润保留的公司通常比没有这些特征的公司具有更高的增长率。</p>
<h2>HASEKO 的盈利增长和 7.5% 的 ROE</h2>
<p>乍一看，HASEKO 的 ROE 似乎并不太乐观。然而，考虑到公司的 ROE 与行业平均 ROE 8.2% 相似，我们可以稍作思考。但 HASEKO 在过去五年中净收入下降了 5.1%。请记住，公司的 ROE 本身就有点低。因此，这在一定程度上解释了盈利的萎缩。</p>
<p>因此，作为下一步，我们将 HASEKO 的表现与行业进行了比较，令人失望的是，尽管公司盈利在萎缩，但行业在过去几年中盈利增长率为 4.8%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/874112-past-earnings-growth-1-dark-2/1765411945155?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/874112-past-earnings-growth-1-dark-2/1765411945155"/></p>
<p>TSE:1808 过去的盈利增长 2025 年 12 月 11 日</p>
<p>盈利增长是股票估值的一个重要因素。投资者应尝试确定预期的盈利增长或下降，无论是哪种情况，是否已被定价。通过这样做，他们将了解股票是朝着清澈的水域前进，还是面临泥泞的水域。如果你想了解 HASEKO 的估值，请查看其市盈率与行业的比较。</p>
<h2>HASEKO 是否有效地再投资其利润？</h2>
<p>尽管 HASEKO 的三年中位派息比率为 46%（即保留 54% 的利润），但如上所述，HASEKO 的盈利却出现了下降。因此，可能还有其他因素在起作用，可能会阻碍增长。例如，业务面临了一些逆风。</p>
<p>此外，HASEKO 在至少十年的时间里支付了股息，这意味着公司的管理层决心支付股息，即使这意味着几乎没有盈利增长。</p>
<h2>结论</h2>
<p>总的来说，我们对 HASEKO 的表现有些模棱两可。尽管公司有较高的再投资率，但低 ROE 意味着所有的再投资对投资者没有带来任何好处，而且对盈利增长产生了负面影响。尽管如此，最新的行业分析师预测显示，分析师预计公司的盈利增长率将有显著改善。要了解更多关于公司未来盈利增长预测的信息，请查看这份 <strong>免费的</strong> 分析师预测报告。</p>

1808

<p>HASEKO Corporation 的股票在三个月内上涨了 20%，但其财务状况，特别是 7.5% 的低股本回报率，引发了对持续这种势头的担忧。尽管再投资率较高，但盈利却在下降，与行业增长形成对比。分析师预计未来盈利会改善，但目前的再投资并未惠及投资者。尽管盈利增长乏力，公司仍维持分红</p>

<p>HASEKO (TSE:1808) has had a great run on the share market with its stock up by a significant 20% over the last three months. However, we wonder if the company's inconsistent financials would have any adverse impact on the current share price momentum. In this article, we decided to focus on HASEKO's ROE.</p>
<div class="lb-trans"><p>HASEKO（东京证券交易所代码：1808）在股市上表现出色，过去三个月股价上涨了显著的 20%。然而，我们想知道公司的财务不稳定是否会对当前的股价动能产生不利影响。在本文中，我们决定关注 HASEKO 的股本回报率（ROE）。</p>
</div><p>ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital.</p>
<div class="lb-trans"><p>股本回报率（ROE）是评估公司如何有效地利用股东投资产生回报的有用工具。简单来说，它用于评估公司相对于其股本的盈利能力。</p>
</div><p>This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.</p>
<div class="lb-trans"><p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
</div><h2>How Do You Calculate Return On Equity?</h2>
<div class="lb-trans"><h2>如何计算股本回报率？</h2>
</div><p><strong>Return on equity can be calculated by using the formula:</strong></p>
<div class="lb-trans"><p><strong>股本回报率可以通过以下公式计算：</strong></p>
</div><p>Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity</p>
<div class="lb-trans"><p>股本回报率 = 净利润（来自持续经营）÷ 股东权益</p>
</div><p>So, based on the above formula, the ROE for HASEKO is:</p>
<div class="lb-trans"><p>因此，根据上述公式，HASEKO 的 ROE 为：</p>
</div><p>7.5% = JP¥39b ÷ JP¥527b (Based on the trailing twelve months to September 2025).</p>
<div class="lb-trans"><p>7.5% = JP¥39b ÷ JP¥527b（基于截至 2025 年 9 月的过去十二个月）。</p>
</div><p>The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every ¥1 worth of equity, the company was able to earn ¥0.07 in profit.</p>
<div class="lb-trans"><p>“回报” 指的是公司在过去一年中的收益。换句话说，对于每 1 日元的股本，公司能够赚取 0.07 日元的利润。</p>
</div><p>Check out our latest analysis for HASEKO</p>
<div class="lb-trans"><p>查看我们对 HASEKO 的最新分析</p>
</div><h2>Why Is ROE Important For Earnings Growth?</h2>
<div class="lb-trans"><h2>为什么 ROE 对盈利增长很重要？</h2>
</div><p>Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or &#34;retains&#34; for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.</p>
<div class="lb-trans"><p>到目前为止，我们了解到 ROE 衡量的是公司产生利润的效率。我们现在需要评估公司再投资或 “保留” 的利润多少，以便为未来的增长提供依据，这样可以让我们了解公司的增长潜力。假设其他条件相同，具有更高股本回报率和更高利润保留的公司通常比没有这些特征的公司具有更高的增长率。</p>
</div><h2>HASEKO's Earnings Growth And 7.5% ROE</h2>
<div class="lb-trans"><h2>HASEKO 的盈利增长和 7.5% 的 ROE</h2>
</div><p>At first glance, HASEKO's ROE doesn't look very promising. However, given that the company's ROE is similar to the average industry ROE of 8.2%, we may spare it some thought. But HASEKO saw a five year net income decline of 5.1% over the past five years. Remember, the company's ROE is a bit low to begin with. Hence, this goes some way in explaining the shrinking earnings.</p>
<div class="lb-trans"><p>乍一看，HASEKO 的 ROE 似乎并不太乐观。然而，考虑到公司的 ROE 与行业平均 ROE 8.2% 相似，我们可以稍作思考。但 HASEKO 在过去五年中净收入下降了 5.1%。请记住，公司的 ROE 本身就有点低。因此，这在一定程度上解释了盈利的萎缩。</p>
</div><p>So, as a next step, we compared HASEKO's performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 4.8% over the last few years.</p>
<div class="lb-trans"><p>因此，作为下一步，我们将 HASEKO 的表现与行业进行了比较，令人失望的是，尽管公司盈利在萎缩，但行业在过去几年中盈利增长率为 4.8%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/874112-past-earnings-growth-1-dark-2/1765411945155" alt="" original-src="https://images.simplywall.st/asset/chart/874112-past-earnings-growth-1-dark-2/1765411945155"/></p>
<p>TSE:1808 Past Earnings Growth December 11th 2025</p>
<div class="lb-trans"><p>TSE:1808 过去的盈利增长 2025 年 12 月 11 日</p>
</div><p>Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about HASEKO's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.</p>
<div class="lb-trans"><p>盈利增长是股票估值的一个重要因素。投资者应尝试确定预期的盈利增长或下降，无论是哪种情况，是否已被定价。通过这样做，他们将了解股票是朝着清澈的水域前进，还是面临泥泞的水域。如果你想了解 HASEKO 的估值，请查看其市盈率与行业的比较。</p>
</div><h2>Is HASEKO Efficiently Re-investing Its Profits?</h2>
<div class="lb-trans"><h2>HASEKO 是否有效地再投资其利润？</h2>
</div><p>Despite having a normal three-year median payout ratio of 46% (where it is retaining 54% of its profits), HASEKO has seen a decline in earnings as we saw above. So there might be other factors at play here which could potentially be hampering growth. For example, the business has faced some headwinds.</p>
<div class="lb-trans"><p>尽管 HASEKO 的三年中位派息比率为 46%（即保留 54% 的利润），但如上所述，HASEKO 的盈利却出现了下降。因此，可能还有其他因素在起作用，可能会阻碍增长。例如，业务面临了一些逆风。</p>
</div><p>Additionally, HASEKO has paid dividends over a period of at least ten years, which means that the company's management is determined to pay dividends even if it means little to no earnings growth.</p>
<div class="lb-trans"><p>此外，HASEKO 在至少十年的时间里支付了股息，这意味着公司的管理层决心支付股息，即使这意味着几乎没有盈利增长。</p>
</div><h2>Conclusion</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p>In total, we're a bit ambivalent about HASEKO's performance. While the company does have a high rate of reinvestment, the low ROE means that all that reinvestment is not reaping any benefit to its investors, and moreover, its having a negative impact on the earnings growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. To know more about the company's future earnings growth forecasts take a look at this <strong>free</strong> report on analyst forecasts for the company to find out more.</p>
<div class="lb-trans"><p>总的来说，我们对 HASEKO 的表现有些模棱两可。尽管公司有较高的再投资率，但低 ROE 意味着所有的再投资对投资者没有带来任何好处，而且对盈利增长产生了负面影响。尽管如此，最新的行业分析师预测显示，分析师预计公司的盈利增长率将有显著改善。要了解更多关于公司未来盈利增长预测的信息，请查看这份 <strong>免费的</strong> 分析师预测报告。</p>
</div>

长谷工株式会社（TSE:1808）的财务状况过于模糊，难以与当前股价的走势联系起来：该股票未来会如何发展？