Japan Excellent (TSE:8987) EBIT: 円10,110 Mil (TTM As of Dec. 2025)


TSE:8987 Japan Excellent Inc TSE:8987
68 GF Score
Price 円140,300.00
GF Value 円128,665.08
Valuation Fairly Valued
! 6 Warning Signs
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What is Japan Excellent EBIT?

Japan Excellent TSE:8987 +1.01% 68 EBIT is 円10,110 Mil as of Dec. 2025. GuruFocus rates TSE:8987 with a GF Score™ of 68/100 and a GF Value™ of 円128,665.08 (Fairly Valued). The stock has 6 warning signs investors should review.

Japan Excellent's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was 円5,032 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was 円10,110 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Japan Excellent's annualized ROC % for the quarter that ended in Dec. 2025 was 3.42%. Japan Excellent's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Japan Excellent's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3.32%.


Japan Excellent  (TSE:8987) EBIT Explanation

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

Japan Excellent's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=10352.814 * ( 1 - 0.02% )/( (308090.345 + 297011.844)/ 2 )
=10350.7434372/302551.0945
=3.42 %

where

Invested Capital(Q: Jun. 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))
=295765.165 - 1582.212 - ( 4332.151 - max(0, 31316.596 - 17409.204+4332.151))
=308090.345

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))
=291192.16 - 2673.319 - ( 3783.487 - max(0, 24395.34 - 15902.337+3783.487))
=297011.844

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Japan Excellent's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=10064.788/( ( (271339.048 + max(11220.457, 0)) + (269166.584 + max(9173.51, 0)) )/ 2 )
=10064.788/( ( 282559.505 + 278340.094 )/ 2 )
=10064.788/280449.7995
=3.59 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(417.131 + 0 + 12659.922) - (1582.212 + 0 + 274.384)
=11220.457

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(448.903 + 0 + 11669.947) - (2673.319 + 0 + 272.021)
=9173.51

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=10110.004/304871.839
=3.32 %

* 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.


Japan Excellent EBIT Related Terms


Japan Excellent EBIT Historical Data

* Premium members only.

The historical data trend for Japan Excellent'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.

Japan Excellent EBIT Chart

Japan Excellent Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8,770.03 8,519.10 8,811.11 8,984.67 10,110.00

Japan Excellent Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 4,484.21 4,667.80 4,316.87 5,077.61 5,032.39

TSE:8987 vs BXP, ARE, VNO: EBIT Comparison

For the REIT - Office subindustry, Japan Excellent'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.


Japan Excellent EV-to-EBIT vs REITs Industry

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

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


TSE:8987
68GF Score
Japan Excellent Inc TSE:8987
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Excellent 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円10,110 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10,110 Mil mean?
Japan Excellent (TSE:8987) has a EBIT of 円10,110 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Japan Excellent.
Is Japan Excellent's EBIT too high?
Japan Excellent's current EBIT is 円10,110 Mil. Overall, Japan Excellent has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Excellent's EBIT compare to BXP and ARE?
Japan Excellent's EBIT of 円10,110 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 Japan Excellent. Japan Excellent's current EBIT is 円10,110 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Excellent stock overvalued right now?
Based on GuruFocus' analysis, Japan Excellent (TSE:8987) is currently considered Fairly Valued. The stock's GF Value™ is 円128,665.08, compared to a current price of 円140,300.00 — trading 9% above its estimated fair value. The current EBIT is 円10,110 Mil. Japan Excellent's overall GF Score™ is 68/100 with 6 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 Japan Excellent (TSE:8987), the current EBIT is 円10,110 Mil as of Dec. 2025. 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 Japan Excellent (TSE:8987) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Excellent stock appears to be overvalued. The current stock price of 円140,300.00 is trading 9% above its estimated GF Value™ of 円128,665.08. GuruFocus considers Japan Excellent to be Fairly Valued.

Key valuation signals for TSE:8987:

  • EBIT: 円10,110 Mil
  • GF Value™: 円128,665.08 vs. price of 円140,300.00 (9% above fair value)
  • GF Score™: 68/100 with 6 warning signs

No single metric tells the full story. See the TSE:8987 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Excellent Business Description

Industry Real EstateREITs
Address 1-9-20 Akasaka, Minato-ku, Tokyo, JPN, 107-0052
Japan Excellent Inc is a real estate investment trust. It mainly invests in office buildings located in major metropolitan areas and pursues to create a portfolio that produces stable growth of income by acquiring properties. The company's portfolio of assets is managed by Japan Excellent Asset Management Co., Ltd.
68GF Score

Get the complete analysis for TSE:8987

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

円140,300.00
Price
円128,665.08
GF Value