Harima Chemicals Group (TSE:4410) EBIT: 円4,273 Mil (TTM As of Mar. 2026)

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TSE:4410 Harima Chemicals Group Inc TSE:4410
70 GF Score
Price 円1,034.00
GF Value 円953.12
Valuation Fairly Valued
! 8 Warning Signs
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What is Harima Chemicals Group EBIT?

Harima Chemicals Group TSE:4410 +2.78% 70 EBIT is 円4,273 Mil as of Mar. 2026. GuruFocus rates TSE:4410 with a GF Score™ of 70/100 and a GF Value™ of 円953.12 (Fairly Valued). The stock has 8 warning signs investors should review.

Harima Chemicals Group's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円2,363 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円4,273 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Harima Chemicals Group's annualized ROC % for the quarter that ended in Mar. 2026 was 3.19%. Harima Chemicals Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Harima Chemicals Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.12%.


Harima Chemicals Group  (TSE:4410) EBIT Explanation

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

Harima Chemicals Group'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 )
=3306 * ( 1 - 16.49% )/( (86095 + 86863)/ 2 )
=2760.8406/86479
=3.19 %

where

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:

Harima Chemicals Group'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 )
=4726/( ( (31916 + max(30257, 0)) + (33783 + max(28451, 0)) )/ 2 )
=4726/( ( 62173 + 62234 )/ 2 )
=4726/62203.5
=7.60 %

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)
=(22057 + 24256 + 2104) - (10081 + 0 + 8079)
=30257

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20668 + 24051 + 2388) - (9759 + 0 + 8897)
=28451

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:

Harima Chemicals Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=4273/60003.695
=7.12 %

* 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.


Harima Chemicals Group EBIT Related Terms


Harima Chemicals Group EBIT Historical Data

* Premium members only.

The historical data trend for Harima Chemicals Group'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.

Harima Chemicals Group EBIT Chart

Harima Chemicals Group 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 3,267.77 2,747.00 328.00 2,805.00 4,273.00

Harima Chemicals Group 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 334.00 1,542.00 1,263.00 1,910.00 2,363.00

TSE:4410 vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, Harima Chemicals Group'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.


Harima Chemicals Group EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Harima Chemicals Group's EV-to-EBIT distribution charts can be found below:

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


TSE:4410
70GF Score
Harima Chemicals Group Inc TSE:4410
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Harima Chemicals Group 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4,273 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4,273 Mil mean?
Harima Chemicals Group (TSE:4410) has a EBIT of 円4,273 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Harima Chemicals Group.
Is Harima Chemicals Group's EBIT too high?
Harima Chemicals Group's current EBIT is 円4,273 Mil. Overall, Harima Chemicals Group has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harima Chemicals Group's EBIT compare to LIN and SHW?
Harima Chemicals Group's EBIT of 円4,273 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good EBIT depends on the Chemicals 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 Harima Chemicals Group. Harima Chemicals Group's current EBIT is 円4,273 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harima Chemicals Group stock overvalued right now?
Based on GuruFocus' analysis, Harima Chemicals Group (TSE:4410) is currently considered Fairly Valued. The stock's GF Value™ is 円953.12, compared to a current price of 円1,034.00 — trading 8.5% above its estimated fair value. The current EBIT is 円4,273 Mil. Harima Chemicals Group's overall GF Score™ is 70/100 with 8 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 Harima Chemicals Group (TSE:4410), the current EBIT is 円4,273 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 Harima Chemicals Group (TSE:4410) Overvalued in 2026?

Based on GuruFocus' analysis, Harima Chemicals Group stock appears to be overvalued. The current stock price of 円1,034.00 is trading 8.5% above its estimated GF Value™ of 円953.12. GuruFocus considers Harima Chemicals Group to be Fairly Valued.

Key valuation signals for TSE:4410:

  • EBIT: 円4,273 Mil
  • GF Value™: 円953.12 vs. price of 円1,034.00 (8.5% above fair value)
  • GF Score™: 70/100 with 8 warning signs

No single metric tells the full story. See the TSE:4410 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harima Chemicals Group Business Description

Address 3 - chome Nihonbashi 3 - chome Chuo - ku, Tokyo, JPN, 103-0027
Harima Chemicals Group Inc is a Japan-based chemical manufacturer. The company is mainly engaged in chemical products business, papermaking chemical business, and electronic materials business. Products offered by the company include resins for printing ink, paint, resin for adhesive and adhesive, emulsifier for synthetic rubber, sizing agent, paper strength enhancer, and coating agent. Electronic materials business develops, manufacture and sell conductive paste, brazing material for aluminum and printed wiring board related materials. Harima has a world-wide network with presence in Europe, Asia, Oceania, North America, and South America.
70GF Score

Get the complete analysis for TSE:4410

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

円1,034.00
Price
円953.12
GF Value