Trust Holdings (FSE:3286) Operating Income: 円230 Mil (TTM As of Dec. 2025)

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FSE:3286 Trust Holdings Inc FSE:3286
52 GF Score
Price 円630.00
GF Value 円361.41
! 6 Warning Signs
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What is Trust Holdings Operating Income?

Trust Holdings FSE:3286 52 Operating Income is 円230 Mil as of Dec. 2025. GuruFocus rates FSE:3286 with a GF Score™ of 52/100 and a GF Value™ of 円361.41. The stock has 6 warning signs investors should review.

Trust Holdings's Operating Income for the three months ended in Dec. 2025 was 円0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was 円230 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Trust Holdings's Operating Income for the three months ended in Dec. 2025 was 円0 Mil. Trust Holdings's Revenue for the three months ended in Dec. 2025 was 円0 Mil. Therefore, Trust Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was %.

Trust Holdings's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Trust Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 0.00%. Trust Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.00%.


Trust Holdings  (FSE:3286) Operating Income Explanation

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

Trust Holdings's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=0 * ( 1 - 0% )/( (8387.836 + 9004.522)/ 2 )
=0/8696.179
=0.00 %

where

Invested Capital(Q: Sep. 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))
=9472.99 - 238.559 - ( 1434.594 - max(0, 5412.472 - 6259.067+1434.594))
=8387.836

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))
=10232.491 - 763.636 - ( 1677.775 - max(0, 6470.29 - 6934.623+1677.775))
=9004.522

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Trust Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (2383.044 + max(2923.052, 0)) + (2462.042 + max(2800.512, 0)) )/ 2 )
=0/( ( 5306.096 + 5262.554 )/ 2 )
=0/5284.325
=0.00 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(266.927 + 3281.801 + 343.673) - (238.559 + 0 + 730.79)
=2923.052

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(278.974 + 3706.436 + 280.241) - (763.636 + 0 + 701.503)
=2800.512

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Trust Holdings's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=0/0
= %

* 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.


Trust Holdings Operating Income Related Terms


Trust Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Trust Holdings'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.

Trust Holdings Operating Income Chart

Trust Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.45 397.80 569.18 675.67 529.98

Trust Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 -61.08 313.86 -24.50 0.00 -59.77
FSE:3286
52GF Score
Trust Holdings Inc FSE:3286
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Trust Holdings 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円230 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 円230 Mil mean?
Trust Holdings (FSE:3286) has a Operating Income of 円230 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Trust Holdings and its competitors.
Is Trust Holdings' Operating Income too high?
Trust Holdings' current Operating Income is 円230 Mil. Overall, Trust Holdings has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Trust Holdings' Operating Income compare to CTAS and CPRT?
Trust Holdings' Operating Income of 円230 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Operating Income depends on the Business Services 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 Trust Holdings and its competitors. Trust Holdings's current Operating Income is 円230 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trust Holdings stock overvalued right now?
Trust Holdings (FSE:3286) has a current Operating Income of 円230 Mil. The stock's GF Value™ is 円361.41, compared to a current price of 円630.00 — trading 74.3% above its estimated fair value. The current Operating Income is 円230 Mil. Trust Holdings' overall GF Score™ is 52/100 with 6 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 Trust Holdings (FSE:3286), the current Operating Income is 円230 Mil as of Dec. 2025. 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 Trust Holdings (FSE:3286) Overvalued in 2026?

Based on GuruFocus' analysis, Trust Holdings stock appears to be overvalued. The current stock price of 円630.00 is trading 74.3% above its estimated GF Value™ of 円361.41.

Key valuation signals for FSE:3286:

  • Operating Income: 円230 Mil
  • GF Value™: 円361.41 vs. price of 円630.00 (74.3% above fair value)
  • GF Score™: 52/100 with 6 warning signs

No single metric tells the full story. See the FSE:3286 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Trust Holdings Business Description

Other Exchanges 3286:Japan
Address 5-15-18 Hakataekiminami, Hakata-ku, Fukuoka, JPN, 812-0016
Trust Holdings Inc provides consultation, research, operation management and education services in commercial parking businsess. The company operates in two business segments. The parking lot business segment is engaged in the operation of parking lots that were built from idle lands. The real estate business segment is engaged in the planning and development.
52GF Score

Get the complete analysis for FSE:3286

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

円630.00
Price
円361.41
GF Value