Ocean System (TSE:3096) EBIT: 円1,659 Mil (TTM As of Mar. 2026)

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TSE:3096 Ocean System Corp TSE:3096
81 GF Score
Price 円1,595.00
GF Value 円1,288.87
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Ocean System EBIT?

Ocean System TSE:3096 +0.82% 81 EBIT is 円1,659 Mil as of Mar. 2026. GuruFocus rates TSE:3096 with a GF Score™ of 81/100 and a GF Value™ of 円1,288.87 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Ocean System's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円589 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,659 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ocean System's annualized ROC % for the quarter that ended in Mar. 2026 was 6.87%. Ocean System's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ocean System's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.42%.


Ocean System  (TSE:3096) EBIT Explanation

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

Ocean System'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 )
=1562.258 * ( 1 - 25.47% )/( (16543.496 + 17362.143)/ 2 )
=1164.3508874/16952.8195
=6.87 %

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))
=23886.083 - 5356.357 - ( 4134.923 - max(0, 8585.369 - 10571.599+4134.923))
=16543.496

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))
=25138.216 - 5644.859 - ( 4719.739 - max(0, 9267.908 - 11399.122+4719.739))
=17362.143

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:

Ocean System'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 )
=1178.25/( ( (9799.369 + max(-1260.735, 0)) + (10063.022 + max(-1642.544, 0)) )/ 2 )
=1178.25/( ( 9799.369 + 10063.022 )/ 2 )
=1178.25/9931.1955
=11.86 %

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)
=(3289.561 + 2557.629 + 589.486) - (5356.357 + 0 + 2341.054)
=-1260.735

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3525.057 + 2669.522 + 484.804) - (5644.859 + 0 + 2677.068)
=-1642.544

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1659.052/13360.465
=12.42 %

* 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.


Ocean System EBIT Related Terms


Ocean System EBIT Historical Data

* Premium members only.

The historical data trend for Ocean System'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.

Ocean System EBIT Chart

Ocean System 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 1,278.32 748.37 1,966.50 1,555.39 1,659.05

Ocean System 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 805.08 1,049.99 505.40 1,069.93 589.13

TSE:3096 vs KR: EBIT Comparison

For the Grocery Stores subindustry, Ocean System'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.


Ocean System EV-to-EBIT vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ocean System's EV-to-EBIT distribution charts can be found below:

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


TSE:3096
81GF Score
Ocean System Corp TSE:3096
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ocean System 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1,659 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1,659 Mil mean?
Ocean System (TSE:3096) has a EBIT of 円1,659 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ocean System.
Is Ocean System's EBIT too high?
Ocean System's current EBIT is 円1,659 Mil. Overall, Ocean System has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ocean System's EBIT compare to KR?
Ocean System's EBIT of 円1,659 Mil can be compared against companies in the Retail - Defensive 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 - Defensive company?
A good EBIT depends on the Retail - Defensive 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 Ocean System. Ocean System's current EBIT is 円1,659 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocean System stock overvalued right now?
Based on GuruFocus' analysis, Ocean System (TSE:3096) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,288.87, compared to a current price of 円1,595.00 — trading 23.8% above its estimated fair value. The current EBIT is 円1,659 Mil. Ocean System's overall GF Score™ is 81/100 with 2 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 Ocean System (TSE:3096), the current EBIT is 円1,659 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 Ocean System (TSE:3096) Overvalued in 2026?

Based on GuruFocus' analysis, Ocean System stock appears to be overvalued. The current stock price of 円1,595.00 is trading 23.8% above its estimated GF Value™ of 円1,288.87. GuruFocus considers Ocean System to be Modestly Overvalued.

Key valuation signals for TSE:3096:

  • EBIT: 円1,659 Mil
  • GF Value™: 円1,288.87 vs. price of 円1,595.00 (23.8% above fair value)
  • GF Score™: 81/100 with 2 warning signs

No single metric tells the full story. See the TSE:3096 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ocean System Business Description

Address 2-26-57 Nishihonjoji, Niigata Prefecture, Sanjo, JPN, 955-0845
Ocean System Corp is a Japan-based company engages in the supermarket, lunch service, foodstuff delivery, and contract management of dining hall and food service businesses. The company's segment includes Supermarket Business, Gyomu Supermarket Business, Lunch box meal business, Food delivery business, and Hotels and other businesses. The company generates key revenue from the Gyomu Supermarket Business.
81GF Score

Get the complete analysis for TSE:3096

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

円1,595.00
Price
円1,288.87
GF Value