ASNOVA Co (TSE:9223) EBIT: 円18 Mil (TTM As of Mar. 2026)


TSE:9223 ASNOVA Co Ltd TSE:9223
30 GF Score
Price 円395.00
! 7 Warning Signs
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What is ASNOVA Co EBIT?

ASNOVA Co TSE:9223 +2.07% 30 EBIT is 円18 Mil as of Mar. 2026. GuruFocus rates TSE:9223 with a GF Score™ of 30/100. The stock has 7 warning signs investors should review.

ASNOVA Co's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was 円130 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円18 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ASNOVA Co's annualized ROC % for the quarter that ended in Mar. 2026 was 0.26%. ASNOVA Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ASNOVA Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.16%.

ASNOVA Co  (TSE:9223) EBIT Explanation

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

ASNOVA 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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=197.266 * ( 1 - 82.21% )/( (13847.122 + 12859.458)/ 2 )
=35.0936214/13353.29
=0.26 %

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))
=12733.603 - 169.864 - ( 1444.281 - max(0, 4025.089 - 2741.706+1444.281))
=13847.122

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))
=11429.798 - 139.06 - ( 881.997 - max(0, 3795.634 - 2226.914+881.997))
=12859.458

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:

ASNOVA 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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=260.932/( ( (8490.957 + max(486.746, 0)) + (7642.722 + max(634.425, 0)) )/ 2 )
=260.932/( ( 8977.703 + 8277.147 )/ 2 )
=260.932/8627.425
=3.02 %

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)
=(841.134 + 199.601 + 256.69) - (169.864 + 0 + 640.815)
=486.746

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(833.325 + 209.391 + 275.381) - (139.06 + 0 + 544.612)
=634.425

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=18.313/11731.921
=0.16 %

* 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.

ASNOVA Co EBIT Related Terms

ASNOVA Co EBIT Historical Data

* Premium members only.

The historical data trend for ASNOVA 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.

ASNOVA Co EBIT Chart

ASNOVA Co Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial 333.55 225.90 343.39 117.60 18.31

ASNOVA Co 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 255.22 11.65 105.95 -112.15 130.47

TSE:9223 vs URI, SUNB, AER: EBIT Comparison

For the Rental & Leasing Services subindustry, ASNOVA 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.

ASNOVA Co EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, ASNOVA Co's EV-to-EBIT distribution charts can be found below:

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


TSE:9223
30GF Score
ASNOVA Co Ltd TSE:9223
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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ASNOVA 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 semi-annually data reported by the company within the most recent 12 months, which was 円18 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18 Mil mean?
ASNOVA Co (TSE:9223) has a EBIT of 円18 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on ASNOVA Co.
Is ASNOVA Co's EBIT too high?
ASNOVA Co's current EBIT is 円18 Mil. Overall, ASNOVA Co has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does ASNOVA Co's EBIT compare to URI and SUNB?
ASNOVA Co's EBIT of 円18 Mil can be compared against companies in the Business Services 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 Business Services company?
A good EBIT depends on the Business Services 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 ASNOVA Co. ASNOVA Co's current EBIT is 円18 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASNOVA Co stock overvalued right now?
ASNOVA Co (TSE:9223) has a current EBIT of 円18 Mil. The current EBIT is 円18 Mil. ASNOVA Co's overall GF Score™ is 30/100 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 ASNOVA Co (TSE:9223), the current EBIT is 円18 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.

ASNOVA Co Business Description

Other Exchanges 9223:Japan
Address 4-60-12 Hiraike-cho, 26th Floor, Global Gate, Nakamura-ku, Aichi Prefecture, Nagoya, JPN, 453-6126
ASNOVA Co Ltd is engaged in the temporary equipment rental business, mainly focused on wedge-type scaffolding, which is used for low- to mid-rise buildings, mainly detached houses, and its main features are its high construction efficiency, transportation efficiency, and storage efficiency.
30GF Score

Get the complete analysis for TSE:9223

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

円395.00
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