Softfront Holdings (TSE:2321) EBIT: 円-117.9 Mil (TTM As of Mar. 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:2321 Softfront Holdings TSE:2321
47 GF Score
Price 円126.00
GF Value 円68.32
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Softfront Holdings EBIT?

Softfront Holdings TSE:2321 +5.00% 47 EBIT is 円-117.9 Mil as of Mar. 2026. GuruFocus rates TSE:2321 with a GF Score™ of 47/100 and a GF Value™ of 円68.32 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Softfront Holdings's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円-92.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円-117.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Softfront Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was -48.31%. Softfront Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -164.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Softfront Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -2.27%.


Softfront Holdings  (TSE:2321) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Softfront Holdings's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-174.002 * ( 1 - 1.37% )/( (278.72 + 431.801)/ 2 )
=-171.6181726/355.2605
=-48.31 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2242.204 - 28.196 - ( 1935.288 - max(0, 137.688 - 2079.391+1935.288))
=278.72

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2213.558 - 77.326 - ( 1704.431 - max(0, 150.502 - 2039.935+1704.431))
=431.801

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Softfront Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-184.71/( ( (0 + max(6.4150000000003, 0)) + (78.477 + max(140.235, 0)) )/ 2 )
=-184.71/( ( 6.4150000000003 + 218.712 )/ 2 )
=-184.71/112.5635
=-164.09 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(118.336 + 0 + 25.767) - (28.196 + 0 + 109.492)
=6.4150000000003

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(243.099 + 0 + 47.638) - (77.326 + 0 + 73.176)
=140.235

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Softfront Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-117.888/5184.948
=-2.27 %

* 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.


Softfront Holdings EBIT Related Terms


Softfront Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Softfront Holdings's EBIT 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.

Softfront Holdings EBIT Chart

Softfront Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -27.62 -51.58 -334.54 -55.13 -117.89

Softfront Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
EBIT 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 -262.51 -14.47 -40.66 -25.53 -92.36

TSE:2321 vs QH, SHOP, UBER: EBIT Comparison

For the Software - Application subindustry, Softfront Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Softfront Holdings EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, Softfront Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Softfront Holdings's EV-to-EBIT falls into.


TSE:2321
47GF Score
Softfront Holdings TSE:2321
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Softfront Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円-117.9 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of 円-117.9 Mil mean?
Softfront Holdings (TSE:2321) has a EBIT of 円-117.9 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Softfront Holdings.
Is Softfront Holdings' EBIT too high?
Softfront Holdings' current EBIT is 円-117.9 Mil. Overall, Softfront Holdings has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Softfront Holdings' EBIT compare to QH and SHOP?
Softfront Holdings' EBIT of 円-117.9 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Software company?
A good EBIT depends on the Software industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Softfront Holdings. Softfront Holdings's current EBIT is 円-117.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Softfront Holdings stock overvalued right now?
Based on GuruFocus' analysis, Softfront Holdings (TSE:2321) is currently considered Significantly Overvalued. The stock's GF Value™ is 円68.32, compared to a current price of 円126.00 — trading 84.4% above its estimated fair value. The current EBIT is 円-117.9 Mil. Softfront Holdings' overall GF Score™ is 47/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Softfront Holdings (TSE:2321), the current EBIT is 円-117.9 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 Softfront Holdings (TSE:2321) Overvalued in 2026?

Based on GuruFocus' analysis, Softfront Holdings stock appears to be overvalued. The current stock price of 円126.00 is trading 84.4% above its estimated GF Value™ of 円68.32. GuruFocus considers Softfront Holdings to be Significantly Overvalued.

Key valuation signals for TSE:2321:

  • EBIT: 円-117.9 Mil
  • GF Value™: 円68.32 vs. price of 円126.00 (84.4% above fair value)
  • GF Score™: 47/100 with 4 warning signs

No single metric tells the full story. See the TSE:2321 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Softfront Holdings Business Description

Address 4-5 Kudanminami, 6F Izumi Kudan Building, Chiyoda-ku, Tokyo, JPN, 102-0074
Softfront Holdings is engaged in contract development consultation in Japan. It also provides technical assistance for the software development environment that provides the core technology and SIP / VoIP. Its core activity includes communications technology. The group operates in a single segment, the communications platform-related business.
47GF Score

Get the complete analysis for TSE:2321

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

円126.00
Price
円68.32
GF Value