Lion Office Products (TSE:423A) EBIT: 円1,624 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:423A Lion Office Products Corp TSE:423A
16 GF Score
Price 円303.00
! 2 Warning Signs
View Full Analysis

What is Lion Office Products EBIT?

Lion Office Products TSE:423A -1.30% 16 EBIT is 円1,624 Mil as of Mar. 2026. GuruFocus rates TSE:423A with a GF Score™ of 16/100. The stock has 2 warning signs investors should review.

Lion Office Products's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was 円1,329 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,624 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lion Office Products's annualized ROC % for the quarter that ended in Mar. 2026 was 30.19%. Lion Office Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 57.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lion Office Products's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 33.31%.

Lion Office Products  (TSE:423A) EBIT Explanation

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

Lion Office Products'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 )
=5212 * ( 1 - 30.64% )/( (11392 + 12560)/ 2 )
=3615.0432/11976
=30.19 %

where

Invested Capital(Q: Dec. 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))
=24542 - 7679 - ( 5471 - max(0, 9451 - 17908+5471))
=11392

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))
=26967 - 7796 - ( 6611 - max(0, 9712 - 19228+6611))
=12560

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

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

Lion Office Products'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 )
=5316/( ( (5347 + max(3909, 0)) + (5314 + max(3806, 0)) )/ 2 )
=5316/( ( 9256 + 9120 )/ 2 )
=5316/9188
=57.86 %

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)
=(5585 + 6595 + 257) - (7679 + 0 + 849)
=3909

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8998 + 3510 + 109) - (7796 + 0 + 1015)
=3806

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:

Lion Office Products's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1624/4874.954
=33.31 %

* 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.

Lion Office Products EBIT Related Terms

Lion Office Products EBIT Historical Data

* Premium members only.

The historical data trend for Lion Office Products'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.

Lion Office Products EBIT Chart

Lion Office Products Annual Data
Trend Sep23 Sep24 Sep25
EBIT
1,118.00 1,141.00 1,283.00

Lion Office Products Quarterly Data
Sep23 Sep24 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial 0.00 -88.00 267.00 116.00 1,329.00

Lion Office Products EBIT Competitor Comparison

For the Business Equipment & Supplies subindustry, Lion Office Products'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.

Lion Office Products EV-to-EBIT vs Industrial Products Industry

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

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


TSE:423A
16GF Score
Lion Office Products Corp TSE:423A
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lion Office Products 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1,624 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1,624 Mil mean?
Lion Office Products (TSE:423A) has a EBIT of 円1,624 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Lion Office Products.
Is Lion Office Products' EBIT too high?
Lion Office Products' current EBIT is 円1,624 Mil. Overall, Lion Office Products has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Lion Office Products' EBIT compare to competitors?
Lion Office Products' EBIT of 円1,624 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 Lion Office Products. Lion Office Products's current EBIT is 円1,624 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lion Office Products stock overvalued right now?
Lion Office Products (TSE:423A) has a current EBIT of 円1,624 Mil. The current EBIT is 円1,624 Mil. Lion Office Products' overall GF Score™ is 16/100 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 Lion Office Products (TSE:423A), the current EBIT is 円1,624 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.

Lion Office Products Business Description

Address 2-6-11 Higashinakano, Nakano-ku, Tokyo, JPN, 164-0003
Lion Office Products Corp is engaged in Manufacture and sales of stationery, office supplies and office furniture/Office space design, construction, interior finishing work/Sales of ICT devices in the education market/E-commerce.
16GF Score

Get the complete analysis for TSE:423A

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

円303.00
Price