Hard Off Co (TSE:2674) EBIT: 円3,587 Mil (TTM As of Mar. 2026)


TSE:2674 Hard Off Corporation Co Ltd TSE:2674
77 GF Score
Price 円2,615.00
GF Value 円2,348.36
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Hard Off Co EBIT?

Hard Off Co TSE:2674 -1.28% 77 EBIT is 円3,587 Mil as of Mar. 2026. GuruFocus rates TSE:2674 with a GF Score™ of 77/100 and a GF Value™ of 円2,348.36 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Hard Off Co's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円2,161 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円3,587 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hard Off Co's annualized ROC % for the quarter that ended in Mar. 2026 was 12.48%. Hard Off Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 27.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hard Off Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.07%.


Hard Off Co  (TSE:2674) EBIT Explanation

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

Hard Off Co'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 )
=4117.17 * ( 1 - 24.35% )/( (23028.738 + 26898.916)/ 2 )
=3114.639105/24963.827
=12.48 %

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))
=27642.33 - 652.987 - ( 3960.605 - max(0, 8154.432 - 15646.734+3960.605))
=23028.738

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))
=31600.55 - 1393.756 - ( 3307.878 - max(0, 8970.857 - 16990.266+3307.878))
=26898.916

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:

Hard Off Co'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 )
=4322.212/( ( (5062.733 + max(8911.697, 0)) + (7817.918 + max(10213.024, 0)) )/ 2 )
=4322.212/( ( 13974.43 + 18030.942 )/ 2 )
=4322.212/16002.686
=27.01 %

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)
=(1363.759 + 9606.695 + 715.675) - (652.987 + 0 + 2121.445)
=8911.697

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1724.999 + 11201.218 + 756.171) - (1393.756 + 0 + 2075.608)
=10213.024

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:

Hard Off Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=3586.693/39535.850
=9.07 %

* 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.


Hard Off Co EBIT Related Terms


Hard Off Co EBIT Historical Data

* Premium members only.

The historical data trend for Hard Off Co'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.

Hard Off Co EBIT Chart

Hard Off Co 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 1,618.82 2,434.82 2,918.86 3,250.56 3,586.69

Hard Off Co 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 1,728.50 1,583.48 1,667.09 1,425.59 2,161.11

TSE:2674 vs CASY, WSM, ULTA: EBIT Comparison

For the Specialty Retail subindustry, Hard Off Co'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.


Hard Off Co EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hard Off Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hard Off Co's EV-to-EBIT falls into.


TSE:2674
77GF Score
Hard Off Corporation Co Ltd TSE:2674
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hard Off Co 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3,587 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3,587 Mil mean?
Hard Off Co (TSE:2674) has a EBIT of 円3,587 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hard Off Co.
Is Hard Off Co's EBIT too high?
Hard Off Co's current EBIT is 円3,587 Mil. Overall, Hard Off Co has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hard Off Co's EBIT compare to CASY and WSM?
Hard Off Co's EBIT of 円3,587 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 EBIT for a Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical 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 Hard Off Co. Hard Off Co's current EBIT is 円3,587 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hard Off Co stock overvalued right now?
Based on GuruFocus' analysis, Hard Off Co (TSE:2674) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,348.36, compared to a current price of 円2,615.00 — trading 11.4% above its estimated fair value. The current EBIT is 円3,587 Mil. Hard Off Co's overall GF Score™ is 77/100 with 7 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 Hard Off Co (TSE:2674), the current EBIT is 円3,587 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 Hard Off Co (TSE:2674) Overvalued in 2026?

Based on GuruFocus' analysis, Hard Off Co stock appears to be overvalued. The current stock price of 円2,615.00 is trading 11.4% above its estimated GF Value™ of 円2,348.36. GuruFocus considers Hard Off Co to be Modestly Overvalued.

Key valuation signals for TSE:2674:

  • EBIT: 円3,587 Mil
  • GF Value™: 円2,348.36 vs. price of 円2,615.00 (11.4% above fair value)
  • GF Score™: 77/100 with 7 warning signs

No single metric tells the full story. See the TSE:2674 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hard Off Co Business Description

Address 3-1-13 Shin-Eicho, Shibata-shi, Niigata, JPN, 957-0063
Hard Off Corporation Co Ltd is a Japan-based company engaged in the reuse business. Its business activities include the purchase of used and unnecessary items from the customers, carry out repair, maintenance, inspection, and cleaning and sell to the customers. Products offered by the Hard Off Corporation include a personal computer, musical instruments, furniture, clothing for men; women; and children, trading cards, game, plastic model, toy, car supplies, bags and accessories, books, wine, champagne, beer, sake and shochu.
77GF Score

Get the complete analysis for TSE:2674

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

円2,615.00
Price
円2,348.36
GF Value