Densan Co (TSE:3640) EBIT: 円6,327 Mil (TTM As of Mar. 2026)

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TSE:3640 Densan Co Ltd TSE:3640
69 GF Score
Price 円2,414.00
GF Value 円2,525.98
Valuation Fairly Valued
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What is Densan Co EBIT?

Densan Co TSE:3640 +2.29% 69 EBIT is 円6,327 Mil as of Mar. 2026. GuruFocus rates TSE:3640 with a GF Score™ of 69/100 and a GF Value™ of 円2,525.98 (Fairly Valued).

Densan Co's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円4,631 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円6,327 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Densan Co's annualized ROC % for the quarter that ended in Mar. 2026 was 40.80%. Densan Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 88.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Densan Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 61.72%.


Densan Co  (TSE:3640) EBIT Explanation

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

Densan 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 )
=9219.06 * ( 1 - 28.2% )/( (15453.875 + 16990.385)/ 2 )
=6619.28508/16222.13
=40.80 %

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))
=21212.997 - 2403.161 - ( 3355.961 - max(0, 6185.802 - 11942.548+3355.961))
=15453.875

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))
=25645.634 - 3596.255 - ( 5058.994 - max(0, 7824.322 - 16866.36+5058.994))
=16990.385

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:

Densan 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 )
=9262.538/( ( (6066.159 + max(4092.785, 0)) + (5959.028 + max(4849.491, 0)) )/ 2 )
=9262.538/( ( 10158.944 + 10808.519 )/ 2 )
=9262.538/10483.7315
=88.35 %

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)
=(6078.183 + 1665.238 + 843.166) - (2403.161 + 0 + 2090.641)
=4092.785

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10047.711 + 123.04 + 829.625) - (3596.255 + 0 + 2554.63)
=4849.491

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=6326.877/10251.466
=61.72 %

* 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.


Densan Co EBIT Related Terms


Densan Co EBIT Historical Data

* Premium members only.

The historical data trend for Densan 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.

Densan Co EBIT Chart

Densan 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 1,259.91 2,229.63 1,246.94 2,541.06 6,326.88

Densan 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 1,139.37 302.96 2,238.10 1,695.61 4,631.27

TSE:3640 vs NVDA, AVGO, MU: EBIT Comparison

For the Semiconductors subindustry, Densan 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.


Densan Co EV-to-EBIT vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Densan Co's EV-to-EBIT distribution charts can be found below:

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


TSE:3640
69GF Score
Densan Co Ltd TSE:3640
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Densan 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6,327 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6,327 Mil mean?
Densan Co (TSE:3640) has a EBIT of 円6,327 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Densan Co.
Is Densan Co's EBIT too high?
Densan Co's current EBIT is 円6,327 Mil. Overall, Densan Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Densan Co's EBIT compare to NVDA and AVGO?
Densan Co's EBIT of 円6,327 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good EBIT depends on the Semiconductors 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 Densan Co. Densan Co's current EBIT is 円6,327 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Densan Co stock overvalued right now?
Based on GuruFocus' analysis, Densan Co (TSE:3640) is currently considered Fairly Valued. The stock's GF Value™ is 円2,525.98, compared to a current price of 円2,414.00 — trading 4.4% below its estimated fair value. The current EBIT is 円6,327 Mil. Densan Co's overall GF Score™ is 69/100. 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 Densan Co (TSE:3640), the current EBIT is 円6,327 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 Densan Co (TSE:3640) Overvalued in 2026?

Based on GuruFocus' analysis, Densan Co stock appears to be undervalued. The current stock price of 円2,414.00 is trading 4.4% below its estimated GF Value™ of 円2,525.98. GuruFocus considers Densan Co to be Fairly Valued.

Key valuation signals for TSE:3640:

  • EBIT: 円6,327 Mil
  • GF Value™: 円2,525.98 vs. price of 円2,414.00 (4.4% below fair value)
  • GF Score™: 69/100

No single metric tells the full story. See the TSE:3640 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Densan Co Business Description

Address 276-6 Tsuruga Nanase Nakamachi, Nagano Prefecture, Nagano, JPN, 380-0904
Densan Co Ltd is engaged in the development and provision of information systems and related services. Its reporting segments include the Public Sector and the Industrial Sector. In the Public Sector, it serves local governments and related organizations by developing, selling, and supporting package systems, as well as offering equipment sales and information processing services. The Industrial Sector focuses on private enterprises and medical and welfare institutions, offering software development, equipment sales, and various information services. It also includes internet connectivity services for general consumers. It generates the majority of its revenue from the Public Sector segment.
69GF Score

Get the complete analysis for TSE:3640

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

円2,414.00
Price
円2,525.98
GF Value