Harada Industry Co (TSE:6904) EBIT: 円2,045 Mil (TTM As of Mar. 2026)

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TSE:6904 Harada Industry Co Ltd TSE:6904
64 GF Score
Price 円451.00
GF Value 円507.81
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Harada Industry Co EBIT?

Harada Industry Co TSE:6904 +0.45% 64 EBIT is 円2,045 Mil as of Mar. 2026. GuruFocus rates TSE:6904 with a GF Score™ of 64/100 and a GF Value™ of 円507.81 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Harada Industry Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was 円-779 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円2,045 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Harada Industry Co's annualized ROC % for the quarter that ended in Mar. 2026 was -3.22%. Harada Industry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -15.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Harada Industry Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.30%.


Harada Industry Co  (TSE:6904) EBIT Explanation

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

Harada Industry 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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-890.112 * ( 1 - 0% )/( (28224.698 + 27047.935)/ 2 )
=-890.112/27636.3165
=-3.22 %

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))
=36579.705 - 2197.795 - ( 6532.136 - max(0, 21035.962 - 27193.174+6532.136))
=28224.698

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))
=35843.126 - 2808.594 - ( 6982.965 - max(0, 20664.944 - 26651.541+6982.965))
=27047.935

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

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

Harada Industry 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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3115.168/( ( (5594.278 + max(14973.885, 0)) + (5613.859 + max(13070.961, 0)) )/ 2 )
=-3115.168/( ( 20568.163 + 18684.82 )/ 2 )
=-3115.168/19626.4915
=-15.87 %

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)
=(7089.653 + 11629.98 + 1941.405) - (2197.795 + 0 + 3489.358)
=14973.885

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5399.718 + 12046.427 + 2222.431) - (2808.594 + 0 + 3789.021)
=13070.961

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2045.403/16623.885
=12.30 %

* 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.


Harada Industry Co EBIT Related Terms


Harada Industry Co EBIT Historical Data

* Premium members only.

The historical data trend for Harada Industry 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.

Harada Industry Co EBIT Chart

Harada Industry 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 -896.07 -792.79 3,023.20 1,719.13 2,045.40

Harada Industry Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Mar25 Jun25 Sep25 Dec25 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 0.00 996.44 908.75 919.00 -778.79

TSE:6904 vs CSCO, MSI, HPE: EBIT Comparison

For the Communication Equipment subindustry, Harada Industry 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.


Harada Industry Co EV-to-EBIT vs Hardware Industry

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

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


TSE:6904
64GF Score
Harada Industry Co Ltd TSE:6904
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harada Industry 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 quarterly data reported by the company within the most recent 12 months, which was 円2,045 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2,045 Mil mean?
Harada Industry Co (TSE:6904) has a EBIT of 円2,045 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Harada Industry Co.
Is Harada Industry Co's EBIT too high?
Harada Industry Co's current EBIT is 円2,045 Mil. Overall, Harada Industry Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harada Industry Co's EBIT compare to CSCO and MSI?
Harada Industry Co's EBIT of 円2,045 Mil can be compared against companies in the Hardware 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 Hardware company?
A good EBIT depends on the Hardware 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 Harada Industry Co. Harada Industry Co's current EBIT is 円2,045 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harada Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Harada Industry Co (TSE:6904) is currently considered Modestly Undervalued. The stock's GF Value™ is 円507.81, compared to a current price of 円451.00 — trading 11.2% below its estimated fair value. The current EBIT is 円2,045 Mil. Harada Industry Co's overall GF Score™ is 64/100 with 3 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 Harada Industry Co (TSE:6904), the current EBIT is 円2,045 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 Harada Industry Co (TSE:6904) Overvalued in 2026?

Based on GuruFocus' analysis, Harada Industry Co stock appears to be undervalued. The current stock price of 円451.00 is trading 11.2% below its estimated GF Value™ of 円507.81. GuruFocus considers Harada Industry Co to be Modestly Undervalued.

Key valuation signals for TSE:6904:

  • EBIT: 円2,045 Mil
  • GF Value™: 円507.81 vs. price of 円451.00 (11.2% below fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the TSE:6904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harada Industry Co Business Description

Address Omori Bellport B-4F, 26-2 Minami-Ohi 6-Chome, Shinagawa-ku, Tokyo, JPN, 140-0013
Harada Industry Co Ltd manufactures and sells automotive antennas, wireless and data communications antennas, mobile device antennas, actuators, and various automotive parts, electronic devices, and components. It manufactures antennas for radio, GPS, telephone, DSRC, ETC, television. It also provides cables, such as copper clad aluminum, coaxial, and shielded twisted pair cables, as well as connectors.
64GF Score

Get the complete analysis for TSE:6904

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

円451.00
Price
円507.81
GF Value