DAIYF (Dai Nippon Toryo Co) Operating Income: $25.4 Mil (TTM As of Mar. 2026)

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DAIYF Dai Nippon Toryo Co Ltd DAIYF
57 GF Score
Price $8.20
GF Value $8.63
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Dai Nippon Toryo Co Operating Income?

Dai Nippon Toryo Co DAIYF 57 Operating Income is $25.4 Mil as of Mar. 2026. GuruFocus rates DAIYF with a GF Score™ of 57/100 and a GF Value™ of $8.63 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Dai Nippon Toryo Co's Operating Income for the three months ended in Mar. 2026 was $5.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $25.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Dai Nippon Toryo Co's Operating Income for the three months ended in Mar. 2026 was $5.5 Mil. Dai Nippon Toryo Co's Revenue for the three months ended in Mar. 2026 was $148.2 Mil. Therefore, Dai Nippon Toryo Co's Operating Margin % for the quarter that ended in Mar. 2026 was 3.69%.

Good Sign:

Dai Nippon Toryo Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Dai Nippon Toryo Co's 5-Year average Growth Rate for Operating Margin % was 2.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dai Nippon Toryo Co's annualized ROC % for the quarter that ended in Mar. 2026 was 3.21%. Dai Nippon Toryo Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.65%.


Dai Nippon Toryo Co  (OTCPK:DAIYF) Operating Income Explanation

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

Dai Nippon Toryo 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 )
=21.856 * ( 1 - 0% )/( (668.851 + 692.356)/ 2 )
=21.856/680.6035
=3.21 %

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))
=885.476 - 144.874 - ( 71.751 - max(0, 254.466 - 346.792+71.751))
=668.851

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))
=866.446 - 102.677 - ( 71.413 - max(0, 236.308 - 323.022+71.413))
=692.356

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

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

Dai Nippon Toryo 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 )
=-6.328/( ( (312.369 + max(80.441, 0)) + (304.192 + max(70.72, 0)) )/ 2 )
=-6.328/( ( 392.81 + 374.912 )/ 2 )
=-6.328/383.861
=-1.65 %

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)
=(95.392 + 99.657 + 79.992) - (144.874 + 0 + 49.726)
=80.441

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(90.193 + 94.282 + 67.134) - (102.677 + 0 + 78.212)
=70.72

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. Operating Income is also linked to Operating Margin %:

Dai Nippon Toryo Co's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=5.464/148.176
=3.69 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Dai Nippon Toryo Co Operating Income Related Terms


Dai Nippon Toryo Co Operating Income Historical Data

* Premium members only.

The historical data trend for Dai Nippon Toryo Co's Operating Income 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.

Dai Nippon Toryo Co Operating Income Chart

Dai Nippon Toryo Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.85 29.52 32.72 31.64 24.29

Dai Nippon Toryo Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income 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 5.09 4.88 7.53 7.50 5.46
DAIYF
57GF Score
Dai Nippon Toryo Co Ltd DAIYF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Dai Nippon Toryo Co Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income 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 $25.4 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 Operating Income →
What does a Operating Income of $25.4 Mil mean?
Dai Nippon Toryo Co (DAIYF) has a Operating Income of $25.4 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Dai Nippon Toryo Co and its competitors.
Is Dai Nippon Toryo Co's Operating Income too high?
Dai Nippon Toryo Co's current Operating Income is $25.4 Mil. Overall, Dai Nippon Toryo Co has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dai Nippon Toryo Co's Operating Income compare to LIN and SHW?
Dai Nippon Toryo Co's Operating Income of $25.4 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Chemicals company?
A good Operating Income depends on the Chemicals industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Dai Nippon Toryo Co and its competitors. Dai Nippon Toryo Co's current Operating Income is $25.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dai Nippon Toryo Co stock overvalued right now?
Based on GuruFocus' analysis, Dai Nippon Toryo Co (DAIYF) is currently considered Modestly Undervalued. The stock's GF Value™ is $8.63, compared to a current price of $8.20 — trading 5% below its estimated fair value. The current Operating Income is $25.4 Mil. Dai Nippon Toryo Co's overall GF Score™ is 57/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Dai Nippon Toryo Co (DAIYF), the current Operating Income is $25.4 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 Dai Nippon Toryo Co (DAIYF) Overvalued in 2026?

Based on GuruFocus' analysis, Dai Nippon Toryo Co stock appears to be undervalued. The current stock price of $8.20 is trading 5% below its estimated GF Value™ of $8.63. GuruFocus considers Dai Nippon Toryo Co to be Modestly Undervalued.

Key valuation signals for DAIYF:

  • Operating Income: $25.4 Mil
  • GF Value™: $8.63 vs. price of $8.20 (5% below fair value)
  • GF Score™: 57/100 with 7 warning signs

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


Dai Nippon Toryo Co Business Description

Other Exchanges 4611:Japan
Address 1-124, Nishikujo 6-chome, Konohana-ku, Osaka, JPN, 554-0012
Dai Nippon Toryo Co Ltd is a Japan-based company engaged in the production and sales of coatings and jet inks. Its product lines include protective, decorative, automobile, and industrial. Products offered by the company include anticorrosive coatings, water-based coatings, and coatings for industrial use. Protective coatings are used in the steel frames of buildings, bridges, industrial plants, and concrete structures. Decorative coatings are used for the interiors, exteriors, and roofs of residential buildings. Automobile coatings are used in automotive components, such as bumpers, door mirrors, and other interior and exterior components. Industrial coatings are designed for applications, such as curtain walls, aluminum sashes, steel furniture, agricultural and construction machinery.
57GF Score

Get the complete analysis for DAIYF

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

$8.20
Price
$8.63
GF Value