NeoJapan (TSE:3921) EBIT: 円2,667 Mil (TTM As of Jan. 2026)

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TSE:3921 NeoJapan Inc TSE:3921
88 GF Score
Price 円1,640.00
GF Value 円1,977.27
Valuation Modestly Undervalued
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What is NeoJapan EBIT?

NeoJapan TSE:3921 -3.81% 88 EBIT is 円2,667 Mil as of Jan. 2026. GuruFocus rates TSE:3921 with a GF Score™ of 88/100 and a GF Value™ of 円1,977.27 (Modestly Undervalued).

NeoJapan's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2026 was 円643 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2026 was 円2,667 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NeoJapan's annualized ROC % for the quarter that ended in Jan. 2026 was 35.30%. NeoJapan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 1,502.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NeoJapan's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 16.27%.


NeoJapan  (TSE:3921) EBIT Explanation

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

NeoJapan's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=2449.352 * ( 1 - 28.89% )/( (4845.528 + 5023.919)/ 2 )
=1741.7342072/4934.7235
=35.30 %

where

Invested Capital(Q: Oct. 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))
=9867.624 - 436.085 - ( 5896.129 - max(0, 2397.429 - 6983.44+5896.129))
=4845.528

Invested Capital(Q: Jan. 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))
=10693.537 - 699.952 - ( 6607.178 - max(0, 2777.539 - 7747.205+6607.178))
=5023.919

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

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

NeoJapan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2570.692/( ( (157.576 + max(-1310.118, 0)) + (184.61 + max(-1634.266, 0)) )/ 2 )
=2570.692/( ( 157.576 + 184.61 )/ 2 )
=2570.692/171.093
=1,502.51 %

where Working Capital is:

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(943.274 + 1.167 + 142.87) - (436.085 + 0 + 1961.344)
=-1310.118

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(994.526 + 1.043 + 144.458) - (699.952 + 0 + 2074.341)
=-1634.266

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2026 )
=2667.453/16392.662
=16.27 %

* 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.


NeoJapan EBIT Related Terms


NeoJapan EBIT Historical Data

* Premium members only.

The historical data trend for NeoJapan'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.

NeoJapan EBIT Chart

NeoJapan Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,259.67 1,332.29 1,398.30 2,050.69 2,608.71

NeoJapan Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 654.60 640.37 671.08 642.67 713.34

TSE:3921 vs QH, SHOP, UBER: EBIT Comparison

For the Software - Application subindustry, NeoJapan'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.


NeoJapan EV-to-EBIT vs Software Industry

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

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


TSE:3921
88GF Score
NeoJapan Inc TSE:3921
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NeoJapan 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 Jan. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円2,667 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2,667 Mil mean?
NeoJapan (TSE:3921) has a EBIT of 円2,667 Mil as of Jan. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NeoJapan.
Is NeoJapan's EBIT too high?
NeoJapan's current EBIT is 円2,667 Mil. Overall, NeoJapan has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NeoJapan's EBIT compare to QH and SHOP?
NeoJapan's EBIT of 円2,667 Mil can be compared against companies in the Software 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 Software company?
A good EBIT depends on the Software 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 NeoJapan. NeoJapan's current EBIT is 円2,667 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NeoJapan stock overvalued right now?
Based on GuruFocus' analysis, NeoJapan (TSE:3921) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,977.27, compared to a current price of 円1,640.00 — trading 17.1% below its estimated fair value. The current EBIT is 円2,667 Mil. NeoJapan's overall GF Score™ is 88/100. 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 NeoJapan (TSE:3921), the current EBIT is 円2,667 Mil as of Jan. 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 NeoJapan (TSE:3921) Overvalued in 2026?

Based on GuruFocus' analysis, NeoJapan stock appears to be undervalued. The current stock price of 円1,640.00 is trading 17.1% below its estimated GF Value™ of 円1,977.27. GuruFocus considers NeoJapan to be Modestly Undervalued.

Key valuation signals for TSE:3921:

  • EBIT: 円2,667 Mil
  • GF Value™: 円1,977.27 vs. price of 円1,640.00 (17.1% below fair value)
  • GF Score™: 88/100

No single metric tells the full story. See the TSE:3921 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NeoJapan Business Description

Other Exchanges NEOJF:USA
Address 2-2-1 Minatomirai, Nishi-ku, 10th Floor, Yokohama Landmark Tower, Kanagawa-ken, Yokohama, JPN, 220-8110
NeoJapan Inc develops and provides Internet application software, which includes a web-based groupware for information sharing within a firm. The firm mainly provides package software, application service and system integration. It offers desknet's NEO, a groupware software; AppSuite, a tool to create custom business applications; ChatLuck, a chat-based business communication tool; and desknet's DB, an online database system, which enables sharing of information. It also provides Denbun, a Web-based email system for corporate clients that manages, sends, and receives emails through a Web browser; desknet's DAX, a file transfer system; desknet's SSS, a Web-based sales management system; desknet's CAMS, a Web-based customer relationship management system; and desknet's Blog, a blog system.
88GF Score

Get the complete analysis for TSE:3921

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

円1,640.00
Price
円1,977.27
GF Value