Belluna Co (TSE:9997) EBIT: 円18,088 Mil (TTM As of Mar. 2026)


TSE:9997 Belluna Co Ltd TSE:9997
65 GF Score
Price 円946.00
GF Value 円805.77
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Belluna Co EBIT?

Belluna Co TSE:9997 +0.32% 65 EBIT is 円18,088 Mil as of Mar. 2026. GuruFocus rates TSE:9997 with a GF Score™ of 65/100 and a GF Value™ of 円805.77 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Belluna Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was 円5,582 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円18,088 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Belluna Co's annualized ROC % for the quarter that ended in Mar. 2026 was 5.64%. Belluna Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Belluna Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.77%.

Belluna Co  (TSE:9997) EBIT Explanation

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

Belluna 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 )
=22436 * ( 1 - 26.27% )/( (293191 + 293305)/ 2 )
=16542.0628/293248
=5.64 %

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))
=344273 - 14796 - ( 36286 - max(0, 61242 - 141064+36286))
=293191

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))
=340137 - 11879 - ( 34953 - max(0, 53332 - 131458+34953))
=293305

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

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

Belluna 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 )
=22328/( ( (167795 + max(27185, 0)) + (172843 + max(24612, 0)) )/ 2 )
=22328/( ( 194980 + 197455 )/ 2 )
=22328/196217.5
=11.38 %

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)
=(15576 + 36656 + 15794) - (14796 + 0 + 26045)
=27185

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11510 + 33895 + 13345) - (11879 + 0 + 22259)
=24612

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=18088/206175.172
=8.77 %

* 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.

Belluna Co EBIT Related Terms

Belluna Co EBIT Historical Data

* Premium members only.

The historical data trend for Belluna 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.

Belluna Co EBIT Chart

Belluna Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15,559.00 12,296.00 10,253.00 13,994.00 18,088.00

Belluna Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 5,062.00 1,544.00 4,252.00 6,710.00 5,582.00

TSE:9997 vs CASY, WSM, ULTA: EBIT Comparison

For the Specialty Retail subindustry, Belluna 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.

Belluna Co EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Belluna Co's EV-to-EBIT distribution charts can be found below:

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


TSE:9997
65GF Score
Belluna Co Ltd TSE:9997
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Belluna 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18,088 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18,088 Mil mean?
Belluna Co (TSE:9997) has a EBIT of 円18,088 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Belluna Co.
Is Belluna Co's EBIT too high?
Belluna Co's current EBIT is 円18,088 Mil. Overall, Belluna Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Belluna Co's EBIT compare to CASY and WSM?
Belluna Co's EBIT of 円18,088 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical 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 Belluna Co. Belluna Co's current EBIT is 円18,088 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belluna Co stock overvalued right now?
Based on GuruFocus' analysis, Belluna Co (TSE:9997) is currently considered Modestly Overvalued. The stock's GF Value™ is 円805.77, compared to a current price of 円946.00 — trading 17.4% above its estimated fair value. The current EBIT is 円18,088 Mil. Belluna Co's overall GF Score™ is 65/100 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 Belluna Co (TSE:9997), the current EBIT is 円18,088 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 Belluna Co (TSE:9997) Overvalued in 2026?

Based on GuruFocus' analysis, Belluna Co stock appears to be overvalued. The current stock price of 円946.00 is trading 17.4% above its estimated GF Value™ of 円805.77. GuruFocus considers Belluna Co to be Modestly Overvalued.

Key valuation signals for TSE:9997:

  • EBIT: 円18,088 Mil
  • GF Value™: 円805.77 vs. price of 円946.00 (17.4% above fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the TSE:9997 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Belluna Co Business Description

Other Exchanges 73L:Germany
Address 4-2 Miyamoto-cho, Ageo City, Saitama, JPN, 362-8688
Belluna Co Ltd is primarily a mail-order retailer that sells a wide range of products, including apparel, home furnishings, food, wine, cosmetics, health food, and nursing supplies through catalogs and e-commerce sites. More than 80% of the company's sales come from its mail-order business. Remaining revenue comes from its apparel retail stores; its solution business, which offers outsourced services for Belluna's corporate clients; its finance business, which offers financing services that target mail-order customers; and its property business, which leases office and commercial space and engages in property development. Nearly all the company's sales are in Japan.
65GF Score

Get the complete analysis for TSE:9997

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

円946.00
Price
円805.77
GF Value