Sinko Industries (FRA:37W) Operating Income: €9,445 Mil (TTM As of Mar. 2026)

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FRA:37W Sinko Industries Ltd FRA:37W
71 GF Score
Price €6.20
GF Value €7.51
Valuation Modestly Undervalued
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What is Sinko Industries Operating Income?

Sinko Industries FRA:37W +0.81% 71 Operating Income is €9,445 Mil as of Mar. 2026. GuruFocus rates FRA:37W with a GF Score™ of 71/100 and a GF Value™ of €7.51 (Modestly Undervalued).

Sinko Industries's Operating Income for the six months ended in Mar. 2026 was €3,445 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €9,445 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sinko Industries's Operating Income for the six months ended in Mar. 2026 was €3,445 Mil. Sinko Industries's Revenue for the six months ended in Mar. 2026 was €18,673 Mil. Therefore, Sinko Industries's Operating Margin % for the quarter that ended in Mar. 2026 was 18.45%.

Good Sign:

Sinko Industries Ltd operating margin is expanding. Margin expansion is usually a good sign.

Sinko Industries'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. Sinko Industries's annualized ROC % for the quarter that ended in Mar. 2026 was 3.59%. Sinko Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.52%.


Sinko Industries  (FRA:37W) Operating Income Explanation

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

Sinko Industries'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 )
=3445 * ( 1 - 29.01% )/( (68529 + 67748)/ 2 )
=2445.6055/68138.5
=3.59 %

where

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

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

Sinko Industries'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 )
=3496/( ( (24740 + max(15447, 0)) + (25077 + max(16815, 0)) )/ 2 )
=3496/( ( 40187 + 41892 )/ 2 )
=3496/41039.5
=8.52 %

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)
=(15941 + 4505 + 6905) - (5606 + 0 + 6298)
=15447

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20764 + 3214 + 4910) - (8115 + 0 + 3958)
=16815

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Sinko Industries'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 )
=3445/18673
=18.45 %

* 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.


Sinko Industries Operating Income Related Terms


Sinko Industries Operating Income Historical Data

* Premium members only.

The historical data trend for Sinko Industries'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.

Sinko Industries Operating Income Chart

Sinko Industries 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 5,713.00 5,998.00 8,627.00 9,987.00 9,445.00

Sinko Industries Semi-Annual 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 3,162.00 1,657.00 1,919.00 2,424.00 3,445.00
FRA:37W
71GF Score
Sinko Industries Ltd FRA:37W
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Sinko Industries 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €9,445 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 €9,445 Mil mean?
Sinko Industries (FRA:37W) has a Operating Income of €9,445 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Sinko Industries and its competitors.
Is Sinko Industries' Operating Income too high?
Sinko Industries' current Operating Income is €9,445 Mil. Overall, Sinko Industries has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sinko Industries' Operating Income compare to TT and JCI?
Sinko Industries' Operating Income of €9,445 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 Sinko Industries and its competitors. Sinko Industries's current Operating Income is €9,445 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinko Industries stock overvalued right now?
Based on GuruFocus' analysis, Sinko Industries (FRA:37W) is currently considered Modestly Undervalued. The stock's GF Value™ is €7.51, compared to a current price of €6.20 — trading 17.4% below its estimated fair value. The current Operating Income is €9,445 Mil. Sinko Industries' overall GF Score™ is 71/100. 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 Sinko Industries (FRA:37W), the current Operating Income is €9,445 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 Sinko Industries (FRA:37W) Overvalued in 2026?

Based on GuruFocus' analysis, Sinko Industries stock appears to be undervalued. The current stock price of €6.20 is trading 17.4% below its estimated GF Value™ of €7.51. GuruFocus considers Sinko Industries to be Modestly Undervalued.

Key valuation signals for FRA:37W:

  • Operating Income: €9,445 Mil
  • GF Value™: €7.51 vs. price of €6.20 (17.4% below fair value)
  • GF Score™: 71/100

No single metric tells the full story. See the FRA:37W stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sinko Industries Business Description

Other Exchanges 6458:Japan
Address 1-4-5 Minamimori-machi, Kita-ku, Osaka Prefecture, Osaka, JPN, 5300054
Sinko Industries Ltd manufactures and sells air-conditioning equipment. Its product offerings include heat pump air conditioner, fan coil unit (FCU), unit heater, air terminal unit, air clinic, among others. Sinko goods can be applied in hospitals, offices, factories, warehouses, hotels, data centers, airports, commercial facilities, and government buildings. The company's reportable segments are Japan, which derives maximum revenue, and Asia.
71GF Score

Get the complete analysis for FRA:37W

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

€6.20
Price
€7.51
GF Value