<p>HASEKO（東京證券交易所代碼：1808）在股市上表現出色，過去三個月股價上漲了顯著的 20%。然而，我們想知道公司的財務不穩定是否會對當前的股價動能產生不利影響。在本文中，我們決定關注 HASEKO 的股本回報率（ROE）。</p>
<p>股本回報率（ROE）是評估公司如何有效地利用股東投資產生回報的有用工具。簡單來説，它用於評估公司相對於其股本的盈利能力。</p>
<p>這項技術可能會取代計算機：發現 20 只正在努力使量子計算成為現實的股票。</p>
<h2>如何計算股本回報率？</h2>
<p><strong>股本回報率可以通過以下公式計算：</strong></p>
<p>股本回報率 = 淨利潤（來自持續經營）÷ 股東權益</p>
<p>因此，根據上述公式，HASEKO 的 ROE 為：</p>
<p>7.5% = JP¥39b ÷ JP¥527b（基於截至 2025 年 9 月的過去十二個月）。</p>
<p>“回報” 指的是公司在過去一年中的收益。換句話説，對於每 1 日元的股本，公司能夠賺取 0.07 日元的利潤。</p>
<p>查看我們對 HASEKO 的最新分析</p>
<h2>為什麼 ROE 對盈利增長很重要？</h2>
<p>到目前為止，我們瞭解到 ROE 衡量的是公司產生利潤的效率。我們現在需要評估公司再投資或 “保留” 的利潤多少，以便為未來的增長提供依據，這樣可以讓我們瞭解公司的增長潛力。假設其他條件相同，具有更高股本回報率和更高利潤保留的公司通常比沒有這些特徵的公司具有更高的增長率。</p>
<h2>HASEKO 的盈利增長和 7.5% 的 ROE</h2>
<p>乍一看，HASEKO 的 ROE 似乎並不太樂觀。然而，考慮到公司的 ROE 與行業平均 ROE 8.2% 相似，我們可以稍作思考。但 HASEKO 在過去五年中淨收入下降了 5.1%。請記住，公司的 ROE 本身就有點低。因此，這在一定程度上解釋了盈利的萎縮。</p>
<p>因此，作為下一步，我們將 HASEKO 的表現與行業進行了比較，令人失望的是，儘管公司盈利在萎縮，但行業在過去幾年中盈利增長率為 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 過去的盈利增長 2025 年 12 月 11 日</p>
<p>盈利增長是股票估值的一個重要因素。投資者應嘗試確定預期的盈利增長或下降，無論是哪種情況，是否已被定價。通過這樣做，他們將瞭解股票是朝着清澈的水域前進，還是面臨泥濘的水域。如果你想了解 HASEKO 的估值，請查看其市盈率與行業的比較。</p>
<h2>HASEKO 是否有效地再投資其利潤？</h2>
<p>儘管 HASEKO 的三年中位派息比率為 46%（即保留 54% 的利潤），但如上所述，HASEKO 的盈利卻出現了下降。因此，可能還有其他因素在起作用，可能會阻礙增長。例如，業務面臨了一些逆風。</p>
<p>此外，HASEKO 在至少十年的時間裏支付了股息，這意味着公司的管理層決心支付股息，即使這意味着幾乎沒有盈利增長。</p>
<h2>結論</h2>
<p>總的來説，我們對 HASEKO 的表現有些模稜兩可。儘管公司有較高的再投資率，但低 ROE 意味着所有的再投資對投資者沒有帶來任何好處，而且對盈利增長產生了負面影響。儘管如此，最新的行業分析師預測顯示，分析師預計公司的盈利增長率將有顯著改善。要了解更多關於公司未來盈利增長預測的信息，請查看這份 <strong>免費的</strong> 分析師預測報告。</p>

1808

<p>HASEKO Corporation 的股票在三個月內上漲了 20%，但其財務狀況，特別是 7.5% 的低股本回報率，引發了對持續這種勢頭的擔憂。儘管再投資率較高，但盈利卻在下降，與行業增長形成對比。分析師預計未來盈利會改善，但目前的再投資並未惠及投資者。儘管盈利增長乏力，公司仍維持分紅</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（東京證券交易所代碼：1808）在股市上表現出色，過去三個月股價上漲了顯著的 20%。然而，我們想知道公司的財務不穩定是否會對當前的股價動能產生不利影響。在本文中，我們決定關注 HASEKO 的股本回報率（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>股本回報率（ROE）是評估公司如何有效地利用股東投資產生回報的有用工具。簡單來説，它用於評估公司相對於其股本的盈利能力。</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>這項技術可能會取代計算機：發現 20 只正在努力使量子計算成為現實的股票。</p>
</div><h2>How Do You Calculate Return On Equity?</h2>
<div class="lb-trans"><h2>如何計算股本回報率？</h2>
</div><p><strong>Return on equity can be calculated by using the formula:</strong></p>
<div class="lb-trans"><p><strong>股本回報率可以通過以下公式計算：</strong></p>
</div><p>Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity</p>
<div class="lb-trans"><p>股本回報率 = 淨利潤（來自持續經營）÷ 股東權益</p>
</div><p>So, based on the above formula, the ROE for HASEKO is:</p>
<div class="lb-trans"><p>因此，根據上述公式，HASEKO 的 ROE 為：</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（基於截至 2025 年 9 月的過去十二個月）。</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>“回報” 指的是公司在過去一年中的收益。換句話説，對於每 1 日元的股本，公司能夠賺取 0.07 日元的利潤。</p>
</div><p>Check out our latest analysis for HASEKO</p>
<div class="lb-trans"><p>查看我們對 HASEKO 的最新分析</p>
</div><h2>Why Is ROE Important For Earnings Growth?</h2>
<div class="lb-trans"><h2>為什麼 ROE 對盈利增長很重要？</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>到目前為止，我們瞭解到 ROE 衡量的是公司產生利潤的效率。我們現在需要評估公司再投資或 “保留” 的利潤多少，以便為未來的增長提供依據，這樣可以讓我們瞭解公司的增長潛力。假設其他條件相同，具有更高股本回報率和更高利潤保留的公司通常比沒有這些特徵的公司具有更高的增長率。</p>
</div><h2>HASEKO's Earnings Growth And 7.5% ROE</h2>
<div class="lb-trans"><h2>HASEKO 的盈利增長和 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 似乎並不太樂觀。然而，考慮到公司的 ROE 與行業平均 ROE 8.2% 相似，我們可以稍作思考。但 HASEKO 在過去五年中淨收入下降了 5.1%。請記住，公司的 ROE 本身就有點低。因此，這在一定程度上解釋了盈利的萎縮。</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，作為下一步，我們將 HASEKO 的表現與行業進行了比較，令人失望的是，儘管公司盈利在萎縮，但行業在過去幾年中盈利增長率為 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 過去的盈利增長 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>盈利增長是股票估值的一個重要因素。投資者應嘗試確定預期的盈利增長或下降，無論是哪種情況，是否已被定價。通過這樣做，他們將瞭解股票是朝着清澈的水域前進，還是面臨泥濘的水域。如果你想了解 HASEKO 的估值，請查看其市盈率與行業的比較。</p>
</div><h2>Is HASEKO Efficiently Re-investing Its Profits?</h2>
<div class="lb-trans"><h2>HASEKO 是否有效地再投資其利潤？</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>儘管 HASEKO 的三年中位派息比率為 46%（即保留 54% 的利潤），但如上所述，HASEKO 的盈利卻出現了下降。因此，可能還有其他因素在起作用，可能會阻礙增長。例如，業務面臨了一些逆風。</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 在至少十年的時間裏支付了股息，這意味着公司的管理層決心支付股息，即使這意味着幾乎沒有盈利增長。</p>
</div><h2>Conclusion</h2>
<div class="lb-trans"><h2>結論</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>總的來説，我們對 HASEKO 的表現有些模稜兩可。儘管公司有較高的再投資率，但低 ROE 意味着所有的再投資對投資者沒有帶來任何好處，而且對盈利增長產生了負面影響。儘管如此，最新的行業分析師預測顯示，分析師預計公司的盈利增長率將有顯著改善。要了解更多關於公司未來盈利增長預測的信息，請查看這份 <strong>免費的</strong> 分析師預測報告。</p>
</div>

長谷工株式會社（TSE:1808）的財務狀況過於模糊，難以與當前股價的走勢聯繫起來：該股票未來會如何發展？