Fuji Pharma Co (FRA:FUP) Operating Income: €39.8 Mil (TTM As of Mar. 2026)

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FRA:FUP Fuji Pharma Co Ltd FRA:FUP
86 GF Score
Price €10.40
GF Value €9.87
! 3 Warning Signs
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What is Fuji Pharma Co Operating Income?

Fuji Pharma Co FRA:FUP +0.97% 86 Operating Income is €39.8 Mil as of Mar. 2026. GuruFocus rates FRA:FUP with a GF Score™ of 86/100 and a GF Value™ of €9.87. The stock has 3 warning signs investors should review.

Fuji Pharma Co's Operating Income for the three months ended in Mar. 2026 was €8.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €39.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fuji Pharma Co's Operating Income for the three months ended in Mar. 2026 was €8.8 Mil. Fuji Pharma Co's Revenue for the three months ended in Mar. 2026 was €75.3 Mil. Therefore, Fuji Pharma Co's Operating Margin % for the quarter that ended in Mar. 2026 was 11.67%.

Warning Sign:

Fuji Pharma Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -1.1%.

Fuji Pharma Co's 5-Year average Growth Rate for Operating Margin % was -1.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fuji Pharma Co's annualized ROC % for the quarter that ended in Mar. 2026 was 6.21%. Fuji Pharma Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.57%.


Fuji Pharma Co  (FRA:FUP) Operating Income Explanation

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

Fuji Pharma 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 )
=35.172 * ( 1 - 20.34% )/( (461.74 + 440.005)/ 2 )
=28.0180152/450.8725
=6.21 %

where

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))
=533.873 - 34.522 - ( 59.346 - max(0, 176.039 - 296.078+59.346))
=440.005

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

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

Fuji Pharma 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 )
=12.908/( ( (114.805 + max(180.018, 0)) + (114.005 + max(156.611, 0)) )/ 2 )
=12.908/( ( 294.823 + 270.616 )/ 2 )
=12.908/282.7195
=4.57 %

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)
=(127.332 + 122.643 + 7.86) - (40.461 + 0 + 37.356)
=180.018

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(94.31 + 133.558 + 7.812) - (34.522 + 0 + 44.547)
=156.611

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 %:

Fuji Pharma 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 )
=8.793/75.329
=11.67 %

* 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.


Fuji Pharma Co Operating Income Related Terms


Fuji Pharma Co Operating Income Historical Data

* Premium members only.

The historical data trend for Fuji Pharma 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.

Fuji Pharma Co Operating Income Chart

Fuji Pharma Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.84 26.65 24.48 24.47 28.78

Fuji Pharma 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 6.53 6.37 9.38 15.26 8.79
FRA:FUP
86GF Score
Fuji Pharma Co Ltd FRA:FUP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Fuji Pharma 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 €39.8 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 €39.8 Mil mean?
Fuji Pharma Co (FRA:FUP) has a Operating Income of €39.8 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fuji Pharma Co and its competitors.
Is Fuji Pharma Co's Operating Income too high?
Fuji Pharma Co's current Operating Income is €39.8 Mil. Overall, Fuji Pharma Co has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Fuji Pharma Co's Operating Income compare to ZTS and UTHR?
Fuji Pharma Co's Operating Income of €39.8 Mil can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Operating Income depends on the Drug Manufacturers 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 Fuji Pharma Co and its competitors. Fuji Pharma Co's current Operating Income is €39.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuji Pharma Co stock overvalued right now?
Fuji Pharma Co (FRA:FUP) has a current Operating Income of €39.8 Mil. The stock's GF Value™ is €9.87, compared to a current price of €10.40 — trading 5.4% above its estimated fair value. The current Operating Income is €39.8 Mil. Fuji Pharma Co's overall GF Score™ is 86/100 with 3 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 Fuji Pharma Co (FRA:FUP), the current Operating Income is €39.8 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 Fuji Pharma Co (FRA:FUP) Overvalued in 2026?

Based on GuruFocus' analysis, Fuji Pharma Co stock appears to be overvalued. The current stock price of €10.40 is trading 5.4% above its estimated GF Value™ of €9.87.

Key valuation signals for FRA:FUP:

  • Operating Income: €39.8 Mil
  • GF Value™: €9.87 vs. price of €10.40 (5.4% above fair value)
  • GF Score™: 86/100 with 3 warning signs

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


Fuji Pharma Co Business Description

Other Exchanges 4554:Japan
Address 5-7 Sanban-cho, Chiyoda-ku, Tokyo, JPN, 102-0075
Fuji Pharma Co Ltd is involved in the development, manufacture, and marketing of pharmaceutical products, such as injection agents, internal drugs, drugs for external use, and diagnostic products. The group consists of a single segment, the pharmaceutical business.
86GF Score

Get the complete analysis for FRA:FUP

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

€10.40
Price
€9.87
GF Value