Ichikawa Co (TSE:3513) EBIT: 円1,636 Mil (TTM As of Mar. 2026)


TSE:3513 Ichikawa Co Ltd TSE:3513
56 GF Score
Price 円3,110.00
GF Value 円1,956.07
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Ichikawa Co EBIT?

Ichikawa Co TSE:3513 +1.30% 56 EBIT is 円1,636 Mil as of Mar. 2026. GuruFocus rates TSE:3513 with a GF Score™ of 56/100 and a GF Value™ of 円1,956.07 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Ichikawa Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was 円209 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,636 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ichikawa Co's annualized ROC % for the quarter that ended in Mar. 2026 was 3.08%. Ichikawa Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ichikawa Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.95%.


Ichikawa Co  (TSE:3513) EBIT Explanation

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

Ichikawa 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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1276 * ( 1 - 40.78% )/( (24312 + 24779)/ 2 )
=755.6472/24545.5
=3.08 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Ichikawa 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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=836/( ( (8975 + max(6084, 0)) + (8820 + max(6094, 0)) )/ 2 )
=836/( ( 15059 + 14914 )/ 2 )
=836/14986.5
=5.58 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4949 + 3664 + 274) - (929 + 0 + 1874)
=6084

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5188 + 3690 + 317) - (1137 + 0 + 1964)
=6094

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1636/7810.148
=20.95 %

* 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.


Ichikawa Co EBIT Related Terms


Ichikawa Co EBIT Historical Data

* Premium members only.

The historical data trend for Ichikawa 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.

Ichikawa Co EBIT Chart

Ichikawa 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 744.00 1,052.00 1,161.00 1,212.00 1,636.00

Ichikawa Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 12.00 381.00 560.00 486.00 209.00

Ichikawa Co EBIT Competitor Comparison

For the Paper & Paper Products subindustry, Ichikawa 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.


Ichikawa Co EV-to-EBIT vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Ichikawa Co's EV-to-EBIT distribution charts can be found below:

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


TSE:3513
56GF Score
Ichikawa Co Ltd TSE:3513
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Ichikawa 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 quarterly data reported by the company within the most recent 12 months, which was 円1,636 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1,636 Mil mean?
Ichikawa Co (TSE:3513) has a EBIT of 円1,636 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ichikawa Co.
Is Ichikawa Co's EBIT too high?
Ichikawa Co's current EBIT is 円1,636 Mil. Overall, Ichikawa Co has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ichikawa Co's EBIT compare to competitors?
Ichikawa Co's EBIT of 円1,636 Mil can be compared against companies in the Forest 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 a Forest Products company?
A good EBIT depends on the Forest 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 Ichikawa Co. Ichikawa Co's current EBIT is 円1,636 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichikawa Co stock overvalued right now?
Based on GuruFocus' analysis, Ichikawa Co (TSE:3513) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,956.07, compared to a current price of 円3,110.00 — trading 59% above its estimated fair value. The current EBIT is 円1,636 Mil. Ichikawa Co's overall GF Score™ is 56/100 with 1 warning sign 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 Ichikawa Co (TSE:3513), the current EBIT is 円1,636 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 Ichikawa Co (TSE:3513) Overvalued in 2026?

Based on GuruFocus' analysis, Ichikawa Co stock appears to be overvalued. The current stock price of 円3,110.00 is trading 59% above its estimated GF Value™ of 円1,956.07. GuruFocus considers Ichikawa Co to be Significantly Overvalued.

Key valuation signals for TSE:3513:

  • EBIT: 円1,636 Mil
  • GF Value™: 円1,956.07 vs. price of 円3,110.00 (59% above fair value)
  • GF Score™: 56/100 with 1 warning sign

No single metric tells the full story. See the TSE:3513 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ichikawa Co Business Description

Address 2-14-15 Hongo, Bunkyo-ku, Hongo 2, Tokyo, JPN, 113-8442
Ichikawa Co Ltd is engaged in the manufacture and distribution of papermaking felts, papermaking belts, felts for slate and industrial felts in Japan. It offers papermaking press felts and belts, and shoe press and transfer belts; industrial products, such as heat-resistant conveyance equipment and cushioning material for use in the manufacture of car bodies, aluminum parts, and others.
56GF Score

Get the complete analysis for TSE:3513

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

円3,110.00
Price
円1,956.07
GF Value