Starts Proceed Investment (TSE:8979) EBIT: 円3,198 Mil (TTM As of Apr. 2026)

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TSE:8979 Starts Proceed Investment Corp TSE:8979
64 GF Score
Price 円186,400.00
GF Value 円201,943.69
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Starts Proceed Investment EBIT?

Starts Proceed Investment TSE:8979 -0.75% 64 EBIT is 円3,198 Mil as of Apr. 2026. GuruFocus rates TSE:8979 with a GF Score™ of 64/100 and a GF Value™ of 円201,943.69 (Fairly Valued). The stock has 7 warning signs investors should review.

Starts Proceed Investment's earnings before interest and taxes (EBIT) for the six months ended in Apr. 2026 was 円1,617 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2026 was 円3,198 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Starts Proceed Investment's annualized ROC % for the quarter that ended in Apr. 2026 was 2.92%. Starts Proceed Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 3.27%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Starts Proceed Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 3.04%.


Starts Proceed Investment  (TSE:8979) EBIT Explanation

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

Starts Proceed Investment's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=3145.892 * ( 1 - 0.08% )/( (104576.844 + 110434.447)/ 2 )
=3143.3752864/107505.6455
=2.92 %

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))
=101715.374 - 470.831 - ( 1473.132 - max(0, 7407.222 - 4074.921+1473.132))
=104576.844

Invested Capital(Q: Apr. 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))
=104333.546 - 456.736 - ( 1546.722 - max(0, 10634.907 - 4077.27+1546.722))
=110434.447

Note: The Operating Income data used here is two times the semi-annual (Apr. 2026) data.

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

Starts Proceed Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3234.202/( ( (95608.194 + max(2014.567, 0)) + (98226.88 + max(1915.641, 0)) )/ 2 )
=3234.202/( ( 97622.761 + 100142.521 )/ 2 )
=3234.202/98882.641
=3.27 %

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)
=(30.175 + 0 + 2571.614) - (470.831 + 0 + 116.391)
=2014.567

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(40.294 + 0 + 2490.254) - (456.736 + 0 + 158.171)
=1915.641

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Apr. 2026) EBIT data.

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

Starts Proceed Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Apr. 2026 )
=3197.798/105177.434
=3.04 %

* 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.


Starts Proceed Investment EBIT Related Terms


Starts Proceed Investment EBIT Historical Data

* Premium members only.

The historical data trend for Starts Proceed Investment'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.

Starts Proceed Investment EBIT Chart

Starts Proceed Investment Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,686.32 2,870.98 3,099.53 3,324.92 3,293.11

Starts Proceed Investment Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 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 1,663.03 1,661.89 1,712.41 1,580.70 1,617.10

TSE:8979 vs AVB, EQR, ESS: EBIT Comparison

For the REIT - Residential subindustry, Starts Proceed Investment'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.


Starts Proceed Investment EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Starts Proceed Investment's EV-to-EBIT distribution charts can be found below:

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


TSE:8979
64GF Score
Starts Proceed Investment Corp TSE:8979
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Starts Proceed Investment 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 Apr. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円3,198 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3,198 Mil mean?
Starts Proceed Investment (TSE:8979) has a EBIT of 円3,198 Mil as of Apr. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Starts Proceed Investment.
Is Starts Proceed Investment's EBIT too high?
Starts Proceed Investment's current EBIT is 円3,198 Mil. Overall, Starts Proceed Investment has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Starts Proceed Investment's EBIT compare to AVB and EQR?
Starts Proceed Investment's EBIT of 円3,198 Mil can be compared against companies in the REITs 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 REITs company?
A good EBIT depends on the REITs 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 Starts Proceed Investment. Starts Proceed Investment's current EBIT is 円3,198 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starts Proceed Investment stock overvalued right now?
Based on GuruFocus' analysis, Starts Proceed Investment (TSE:8979) is currently considered Fairly Valued. The stock's GF Value™ is 円201,943.69, compared to a current price of 円186,400.00 — trading 7.7% below its estimated fair value. The current EBIT is 円3,198 Mil. Starts Proceed Investment's overall GF Score™ is 64/100 with 7 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 Starts Proceed Investment (TSE:8979), the current EBIT is 円3,198 Mil as of Apr. 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 Starts Proceed Investment (TSE:8979) Overvalued in 2026?

Based on GuruFocus' analysis, Starts Proceed Investment stock appears to be undervalued. The current stock price of 円186,400.00 is trading 7.7% below its estimated GF Value™ of 円201,943.69. GuruFocus considers Starts Proceed Investment to be Fairly Valued.

Key valuation signals for TSE:8979:

  • EBIT: 円3,198 Mil
  • GF Value™: 円201,943.69 vs. price of 円186,400.00 (7.7% below fair value)
  • GF Score™: 64/100 with 7 warning signs

No single metric tells the full story. See the TSE:8979 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Starts Proceed Investment Business Description

Industry Real EstateREITs
Address 3-1-8 Nihonbashi, Chuo-ku, Tokyo, JPN
Starts Proceed Investment Corp operates as a REIT in Japan. The Company invests in lease real estate properties, short-term leasing apartments, and special feature business hotel.
64GF Score

Get the complete analysis for TSE:8979

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

円186,400.00
Price
円201,943.69
GF Value