Nitcho (TSE:2961) EBIT: 円881 Mil (TTM As of Mar. 2026)

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TSE:2961 Nitcho Corp TSE:2961
64 GF Score
Price 円6,400.00
GF Value 円3,641.13
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Nitcho EBIT?

Nitcho TSE:2961 64 EBIT is 円881 Mil as of Mar. 2026. GuruFocus rates TSE:2961 with a GF Score™ of 64/100 and a GF Value™ of 円3,641.13 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Nitcho's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円511 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円881 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nitcho's annualized ROC % for the quarter that ended in Mar. 2026 was 7.98%. Nitcho's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nitcho's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.79%.


Nitcho  (TSE:2961) EBIT Explanation

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

Nitcho'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 )
=1005.96 * ( 1 - 35% )/( (8333.275 + 8055.397)/ 2 )
=653.874/8194.336
=7.98 %

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))
=13269.685 - 1450.836 - ( 3485.574 - max(0, 4641.558 - 10051.408+3485.574))
=8333.275

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))
=12610.905 - 1989.518 - ( 2565.99 - max(0, 3859.415 - 9559.715+2565.99))
=8055.397

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:

Nitcho'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 )
=1022.348/( ( (2510.501 + max(2204.167, 0)) + (2431.307 + max(3254.31, 0)) )/ 2 )
=1022.348/( ( 4714.668 + 5685.617 )/ 2 )
=1022.348/5200.1425
=19.66 %

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)
=(3515.688 + 2385.525 + 664.621) - (1450.836 + 0 + 2910.831)
=2204.167

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4135.606 + 2536.032 + 322.087) - (1989.518 + 0 + 1749.897)
=3254.31

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=881.264/4690.400
=18.79 %

* 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.


Nitcho EBIT Related Terms


Nitcho EBIT Historical Data

* Premium members only.

The historical data trend for Nitcho'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.

Nitcho EBIT Chart

Nitcho Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial 673.36 330.25 541.25 1,070.06 910.26

Nitcho Semi-Annual Data
Sep19 Sep20 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 618.68 451.38 540.17 370.09 511.17

TSE:2961 vs GEV, ETN, PH: EBIT Comparison

For the Specialty Industrial Machinery subindustry, Nitcho'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.


Nitcho EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nitcho's EV-to-EBIT distribution charts can be found below:

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


TSE:2961
64GF Score
Nitcho Corp TSE:2961
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nitcho 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881 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881 Mil mean?
Nitcho (TSE:2961) has a EBIT of 円881 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Nitcho.
Is Nitcho's EBIT too high?
Nitcho's current EBIT is 円881 Mil. Overall, Nitcho has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitcho's EBIT compare to GEV and ETN?
Nitcho's EBIT of 円881 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good EBIT depends on the Industrial Products 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 Nitcho. Nitcho's current EBIT is 円881 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitcho stock overvalued right now?
Based on GuruFocus' analysis, Nitcho (TSE:2961) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,641.13, compared to a current price of 円6,400.00 — trading 75.8% above its estimated fair value. The current EBIT is 円881 Mil. Nitcho's overall GF Score™ is 64/100 with 6 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 Nitcho (TSE:2961), the current EBIT is 円881 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 Nitcho (TSE:2961) Overvalued in 2026?

Based on GuruFocus' analysis, Nitcho stock appears to be overvalued. The current stock price of 円6,400.00 is trading 75.8% above its estimated GF Value™ of 円3,641.13. GuruFocus considers Nitcho to be Significantly Overvalued.

Key valuation signals for TSE:2961:

  • EBIT: 円881 Mil
  • GF Value™: 円3,641.13 vs. price of 円6,400.00 (75.8% above fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the TSE:2961 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nitcho Business Description

Address 3-15-8 Higashirokugo, Ota-ku, Tokyo, JPN, 144-8513
Nitcho Corp develops, manufactures, sells, and repairs kitchen equipment for mass food service facilities that provide meals to a large number of people continuously. Its product portfolio comprises dishwashers, disinfection and storage machines, rotary kettles, rice cookers, steam convection ovens, etc. In addition to providing kitchen equipment, it is also involved in designing, constructing, and providing after-sales services for kitchen systems. The company caters to school lunches, employee and student cafeterias, medical and welfare facilities, and cafeterias.
64GF Score

Get the complete analysis for TSE:2961

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

円6,400.00
Price
円3,641.13
GF Value