Fuluhashi Epo (TSE:9221) EBIT: 円1,316 Mil (TTM As of Mar. 2026)


TSE:9221 Fuluhashi Epo Corp TSE:9221
68 GF Score
Price 円1,170.00
GF Value 円1,147.89
Valuation Fairly Valued
! 3 Warning Signs
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What is Fuluhashi Epo EBIT?

Fuluhashi Epo TSE:9221 +0.09% 68 EBIT is 円1,316 Mil as of Mar. 2026. GuruFocus rates TSE:9221 with a GF Score™ of 68/100 and a GF Value™ of 円1,147.89 (Fairly Valued). The stock has 3 warning signs investors should review.

Fuluhashi Epo's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円715 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,316 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fuluhashi Epo's annualized ROC % for the quarter that ended in Mar. 2026 was 7.03%. Fuluhashi Epo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fuluhashi Epo's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.58%.

Fuluhashi Epo  (TSE:9221) EBIT Explanation

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

Fuluhashi Epo'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 )
=1340.376 * ( 1 - 23.12% )/( (13638.873 + 15689.275)/ 2 )
=1030.4810688/14664.074
=7.03 %

where

Invested Capital(Q: Sep. 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))
=12559.407 - 382.15 - ( 955.376 - max(0, 3723.646 - 2262.03+955.376))
=13638.873

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))
=13869.268 - 333.187 - ( 1122.972 - max(0, 4767.372 - 2614.178+1122.972))
=15689.275

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:

Fuluhashi Epo'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 )
=1429.338/( ( (9173.663 + max(35.281, 0)) + (10070.685 + max(99.462999999999, 0)) )/ 2 )
=1429.338/( ( 9208.944 + 10170.148 )/ 2 )
=1429.338/9689.546
=14.75 %

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)
=(1001.371 + 166.816 + 138.467) - (382.15 + 0 + 889.223)
=35.281

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1146.981 + 189.053 + 155.172) - (333.187 + 0 + 1058.556)
=99.462999999999

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1316.077/17371.120
=7.58 %

* 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.

Fuluhashi Epo EBIT Related Terms

Fuluhashi Epo EBIT Historical Data

* Premium members only.

The historical data trend for Fuluhashi Epo'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.

Fuluhashi Epo EBIT Chart

Fuluhashi Epo Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial 869.99 1,144.43 703.05 1,500.03 1,316.08

Fuluhashi Epo Semi-Annual Data
Mar20 Mar21 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 -19.05 685.86 814.18 601.41 714.67

TSE:9221 vs WM, RSG, WCN: EBIT Comparison

For the Waste Management subindustry, Fuluhashi Epo'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.

Fuluhashi Epo EV-to-EBIT vs Waste Management Industry

For the Waste Management industry and Industrials sector, Fuluhashi Epo's EV-to-EBIT distribution charts can be found below:

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


TSE:9221
68GF Score
Fuluhashi Epo Corp TSE:9221
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Fuluhashi Epo 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1,316 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1,316 Mil mean?
Fuluhashi Epo (TSE:9221) has a EBIT of 円1,316 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Fuluhashi Epo.
Is Fuluhashi Epo's EBIT too high?
Fuluhashi Epo's current EBIT is 円1,316 Mil. Overall, Fuluhashi Epo has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fuluhashi Epo's EBIT compare to WM and RSG?
Fuluhashi Epo's EBIT of 円1,316 Mil can be compared against companies in the Waste 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 a Waste Management company?
A good EBIT depends on the Waste 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 Fuluhashi Epo. Fuluhashi Epo's current EBIT is 円1,316 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuluhashi Epo stock overvalued right now?
Based on GuruFocus' analysis, Fuluhashi Epo (TSE:9221) is currently considered Fairly Valued. The stock's GF Value™ is 円1,147.89, compared to a current price of 円1,170.00 — trading 1.9% above its estimated fair value. The current EBIT is 円1,316 Mil. Fuluhashi Epo's overall GF Score™ is 68/100 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 Fuluhashi Epo (TSE:9221), the current EBIT is 円1,316 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 Fuluhashi Epo (TSE:9221) Overvalued in 2026?

Based on GuruFocus' analysis, Fuluhashi Epo stock appears to be overvalued. The current stock price of 円1,170.00 is trading 1.9% above its estimated GF Value™ of 円1,147.89. GuruFocus considers Fuluhashi Epo to be Fairly Valued.

Key valuation signals for TSE:9221:

  • EBIT: 円1,316 Mil
  • GF Value™: 円1,147.89 vs. price of 円1,170.00 (1.9% above fair value)
  • GF Score™: 68/100 with 3 warning signs

No single metric tells the full story. See the TSE:9221 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fuluhashi Epo Business Description

Address 1-13-13 Kanayama, Kanayama Place, Naka-ku, Nagoya, JPN, 460-0022
Fuluhashi Epo Corp provides environmental solutions, such as recycling wood waste, selling recycled wood chips as fuel or raw material products, and recycling construction by-products generated at construction sites. In addition, it is involved in manufacturing and selling logistics equipment that takes into consideration the entire process from collection to recycling, and purchasing and selling used logistics equipment. The group's reportable segments are the biomaterials business and the resource recycling business. The majority of its revenue is generated from the biomaterials business, which is engaged in the contract processing of wood waste materials and the manufacture and sale of wood resource chips (raw material chips and fuel chips).
68GF Score

Get the complete analysis for TSE:9221

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

円1,170.00
Price
円1,147.89
GF Value