Makuake (TSE:4479) EBIT: 円754 Mil (TTM As of Mar. 2026)

What is Makuake EBIT?

Makuake TSE:4479 +1.49% 74 EBIT is 円754 Mil as of Mar. 2026. GuruFocus rates TSE:4479 with a GF Score™ of 74/100 and a GF Value™ of 円993.74 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Makuake's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was 円234 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円754 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Makuake's annualized ROC % for the quarter that ended in Mar. 2026 was 29.06%. Makuake's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7,374.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Makuake's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.51%.

Makuake (TSE:4479) EBIT Explanation

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

Makuake'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 )
=	937.072 * ( 1 - 9.36% )	/	( (2910.704	+	2935.003)	/ 2 )
=	849.3620608	/	2922.8535
=	29.06 %

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	))
=	7916.203	-	41.212	-	( 6400.876	-	max(0, 2147.932	-	7112.219	+	6400.876	))
=	2910.704

	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	))
=	8226.956	-	88.789	-	( 6754.838	-	max(0, 2261.039	-	7464.203	+	6754.838	))
=	2935.003

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

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

Makuake'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 )
=	937.072	/	( ( (13.007 + max(-1436.589, 0))	+	(12.407 + max(-1551.674, 0)) )	/	2 )
=	937.072	/	( ( 13.007	+	12.407 )	/	2 )
=	937.072	/	12.707
=	7,374.46 %

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)
=	(575.663	+	0	+	135.68)	-	(41.212	+	0	+	2106.72)
=	-1436.589

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(594.078	+	0	+	115.287)	-	(88.789	+	0	+	2172.25)
=	-1551.674

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	753.927	/	4565.806
	=	16.51 %

* 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.

Makuake EBIT Related Terms

Makuake EBIT Historical Data

* Premium members only.

The historical data trend for Makuake's EBIT can be seen below:

Makuake EBIT Chart

Makuake Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

EBIT

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329.10

-324.08

-489.03

-62.64

447.26

Makuake Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Mar25	Jun25	Sep25	Dec25	Mar26
EBIT	Get a 7-Day Free Trial															0.00	158.37	27.17	334.13	234.27

TSE:4479 vs BLK, BX, KKR: EBIT Comparison

For the Asset Management subindustry, Makuake'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.

Makuake EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Makuake's EV-to-EBIT distribution charts can be found below:

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

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74GF Score

Makuake Inc TSE:4479

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Makuake 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754 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of 円754 Mil mean?

Makuake (TSE:4479) has a EBIT of 円754 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Makuake.

Is Makuake's EBIT too high?

Makuake's current EBIT is 円754 Mil. Overall, Makuake has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Makuake's EBIT compare to BLK and BX?

Makuake's EBIT of 円754 Mil can be compared against companies in the Asset Management 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 Asset Management company?

A good EBIT depends on the Asset Management 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 Makuake. Makuake's current EBIT is 円754 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Makuake stock overvalued right now?

Based on GuruFocus' analysis, Makuake (TSE:4479) is currently considered Modestly Undervalued. The stock's GF Value™ is 円993.74, compared to a current price of 円888.00 — trading 10.6% below its estimated fair value. The current EBIT is 円754 Mil. Makuake's overall GF Score™ is 74/100 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 Makuake (TSE:4479), the current EBIT is 円754 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 Makuake (TSE:4479) Overvalued in 2026?

Based on GuruFocus' analysis, Makuake stock appears to be undervalued. The current stock price of 円888.00 is trading 10.6% below its estimated GF Value™ of 円993.74. GuruFocus considers Makuake to be Modestly Undervalued.

Key valuation signals for TSE:4479:

EBIT: 円754 Mil
GF Value™: 円993.74 vs. price of 円888.00 (10.6% below fair value)
GF Score™: 74/100 with 1 warning sign

No single metric tells the full story. See the TSE:4479 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Makuake Business Description

Industry Financial Services Asset Management

Comparable Companies TSE:254A TSE:3113 TSE:7347 TSE:2134 TSE:3121 TSE:3454 TSE:7162 TSE:8783 TSE:8518 TSE:2998 BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT AMP LSE:III

Address 2-16-1 Shibuya, Shibuya-ku, Daiwa Shibuya Miyamasuzaka Building 10th Floor, Tokyo, JPN, 150-0002

Website https://www.makuake.co.jp

Makuake Inc is engaged in providing support services to the crowdfunding platform Makuake. Its services include Makuake, Makuake Government, Makuake Incubation Studio, Makuake SHOP, and Makuake Store.

74GF Score

Get the complete analysis for TSE:4479

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

円888.00

Price

円993.74

GF Value

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