Horai Co (TSE:9679) EBIT: 円873 Mil (TTM As of Mar. 2026)


TSE:9679 Horai Co Ltd TSE:9679
75 GF Score
Price 円2,300.00
GF Value 円1,956.31
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Horai Co EBIT?

Horai Co TSE:9679 +1.63% 75 EBIT is 円873 Mil as of Mar. 2026. GuruFocus rates TSE:9679 with a GF Score™ of 75/100 and a GF Value™ of 円1,956.31 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Horai Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was 円58 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円873 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Horai Co's annualized ROC % for the quarter that ended in Mar. 2026 was 0.87%. Horai Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Horai Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.02%.

Horai Co  (TSE:9679) EBIT Explanation

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

Horai 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 )
=231.6 * ( 1 - 32.25% )/( (18075.298 + 18123.889)/ 2 )
=156.909/18099.5935
=0.87 %

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))
=19491.768 - 197.89 - ( 1687.595 - max(0, 1207.21 - 2425.79+1687.595))
=18075.298

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))
=19507.242 - 239.772 - ( 1663.699 - max(0, 1328.543 - 2472.124+1663.699))
=18123.889

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

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

Horai 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 )
=231.596/( ( (15899.326 + max(-348.215, 0)) + (15902.736 + max(-399.318, 0)) )/ 2 )
=231.596/( ( 15899.326 + 15902.736 )/ 2 )
=231.596/15901.031
=1.46 %

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)
=(314.052 + 251.093 + 173.05) - (197.89 + 0 + 888.52)
=-348.215

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(402.444 + 245.749 + 160.232) - (239.772 + 0 + 967.971)
=-399.318

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=873.499/10897.041
=8.02 %

* 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.

Horai Co EBIT Related Terms

Horai Co EBIT Historical Data

* Premium members only.

The historical data trend for Horai 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.

Horai Co EBIT Chart

Horai Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 306.11 705.89 737.92 556.13 706.89

Horai Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.00 284.10 243.07 288.43 57.90

TSE:9679 vs BRK.A, AIG, HIG: EBIT Comparison

For the Insurance - Diversified subindustry, Horai 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.

Horai Co EV-to-EBIT vs Insurance Industry

For the Insurance industry and Financial Services sector, Horai Co's EV-to-EBIT distribution charts can be found below:

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


TSE:9679
75GF Score
Horai Co Ltd TSE:9679
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Horai 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873 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873 Mil mean?
Horai Co (TSE:9679) has a EBIT of 円873 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Horai Co.
Is Horai Co's EBIT too high?
Horai Co's current EBIT is 円873 Mil. Overall, Horai Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horai Co's EBIT compare to BRK.A and AIG?
Horai Co's EBIT of 円873 Mil can be compared against companies in the Insurance 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 an Insurance company?
A good EBIT depends on the Insurance 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 Horai Co. Horai Co's current EBIT is 円873 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horai Co stock overvalued right now?
Based on GuruFocus' analysis, Horai Co (TSE:9679) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,956.31, compared to a current price of 円2,300.00 — trading 17.6% above its estimated fair value. The current EBIT is 円873 Mil. Horai Co's overall GF Score™ is 75/100 with 5 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 Horai Co (TSE:9679), the current EBIT is 円873 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 Horai Co (TSE:9679) Overvalued in 2026?

Based on GuruFocus' analysis, Horai Co stock appears to be overvalued. The current stock price of 円2,300.00 is trading 17.6% above its estimated GF Value™ of 円1,956.31. GuruFocus considers Horai Co to be Modestly Overvalued.

Key valuation signals for TSE:9679:

  • EBIT: 円873 Mil
  • GF Value™: 円1,956.31 vs. price of 円2,300.00 (17.6% above fair value)
  • GF Score™: 75/100 with 5 warning signs

No single metric tells the full story. See the TSE:9679 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Horai Co Business Description

Address 1-8-12, Nihonbashi-Horidome-cho, Chuo-ku, Tokyo, JPN, 103-0012
Horai Co Ltd is engaged in the insurance agency business, rental property operation and management, real estate buying and selling and brokerage, feed production, dairy cow breeding, production and sales of milk and dairy products, operation of restaurants and tourist facilities, and operation of golf courses. The company is mainly engaged in Insurance business.
75GF Score

Get the complete analysis for TSE:9679

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

円2,300.00
Price
円1,956.31
GF Value