IWKCF (Astena Holdings Co) Operating Income: $19.6 Mil (TTM As of May. 2026)

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IWKCF Astena Holdings Co Ltd IWKCF
63 GF Score
Price $2.25
GF Value $2.56
! 5 Warning Signs
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What is Astena Holdings Co Operating Income?

Astena Holdings Co IWKCF 63 Operating Income is $19.6 Mil as of May. 2026. GuruFocus rates IWKCF with a GF Score™ of 63/100 and a GF Value™ of $2.56. The stock has 5 warning signs investors should review.

Astena Holdings Co's Operating Income for the six months ended in May. 2026 was $14.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in May. 2026 was $19.6 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Astena Holdings Co's Operating Income for the six months ended in May. 2026 was $14.5 Mil. Astena Holdings Co's Revenue for the six months ended in May. 2026 was $218.6 Mil. Therefore, Astena Holdings Co's Operating Margin % for the quarter that ended in May. 2026 was 6.64%.

Good Sign:

Astena Holdings Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Astena Holdings Co's 5-Year average Growth Rate for Operating Margin % was 11.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Astena Holdings Co's annualized ROC % for the quarter that ended in May. 2026 was 5.39%. Astena Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 15.50%.


Astena Holdings Co  (OTCPK:IWKCF) Operating Income Explanation

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

Astena Holdings Co's annualized ROC % for the quarter that ended in May. 2026 is calculated as:

ROC % (Q: May. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2025 ) + Invested Capital (Q: May. 2026 ))/ count )
=29.01 * ( 1 - 33.87% )/( (359.491 + 351.874)/ 2 )
=19.184313/355.6825
=5.39 %

where

Invested Capital(Q: Nov. 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))
=486.273 - 67.062 - ( 65.682 - max(0, 245.415 - 305.135+65.682))
=359.491

Invested Capital(Q: May. 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))
=473.364 - 66.847 - ( 54.643 - max(0, 193.433 - 292.147+54.643))
=351.874

Note: The Operating Income data used here is two times the semi-annual (May. 2026) data.

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

Astena Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2025  Q: May. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=28.922/( ( (85.67 + max(98.427, 0)) + (86.979 + max(102.192, 0)) )/ 2 )
=28.922/( ( 184.097 + 189.171 )/ 2 )
=28.922/186.634
=15.50 %

where Working Capital is:

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(121.554 + 78.67 + 39.229) - (67.062 + 0 + 73.964)
=98.427

Working Capital(Q: May. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(113.238 + 86.612 + 37.654) - (66.847 + 0 + 68.465)
=102.192

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (May. 2026) EBIT data.

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

Astena Holdings Co's Operating Margin % for the quarter that ended in May. 2026 is calculated as:

Operating Margin %=Operating Income (Q: May. 2026 )/Revenue (Q: May. 2026 )
=14.505/218.561
=6.64 %

* 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.


Astena Holdings Co Operating Income Related Terms


Astena Holdings Co Operating Income Historical Data

* Premium members only.

The historical data trend for Astena Holdings 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.

Astena Holdings Co Operating Income Chart

Astena Holdings Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.59 5.76 7.54 18.32 19.45

Astena Holdings Co Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
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 8.64 9.56 15.34 5.12 14.51
IWKCF
63GF Score
Astena Holdings Co Ltd IWKCF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Astena Holdings 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 May. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $19.6 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 $19.6 Mil mean?
Astena Holdings Co (IWKCF) has a Operating Income of $19.6 Mil as of May. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Astena Holdings Co and its competitors.
Is Astena Holdings Co's Operating Income too high?
Astena Holdings Co's current Operating Income is $19.6 Mil. Overall, Astena Holdings Co has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Astena Holdings Co's Operating Income compare to HON and MMM?
Astena Holdings Co's Operating Income of $19.6 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Operating Income depends on the Conglomerates 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 Astena Holdings Co and its competitors. Astena Holdings Co's current Operating Income is $19.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astena Holdings Co stock overvalued right now?
Astena Holdings Co (IWKCF) has a current Operating Income of $19.6 Mil. The stock's GF Value™ is $2.56, compared to a current price of $2.25 — trading 12.3% below its estimated fair value. The current Operating Income is $19.6 Mil. Astena Holdings Co's overall GF Score™ is 63/100 with 5 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 Astena Holdings Co (IWKCF), the current Operating Income is $19.6 Mil as of May. 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 Astena Holdings Co (IWKCF) Overvalued in 2026?

Based on GuruFocus' analysis, Astena Holdings Co stock appears to be undervalued. The current stock price of $2.25 is trading 12.3% below its estimated GF Value™ of $2.56.

Key valuation signals for IWKCF:

  • Operating Income: $19.6 Mil
  • GF Value™: $2.56 vs. price of $2.25 (12.3% below fair value)
  • GF Score™: 63/100 with 5 warning signs

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


Astena Holdings Co Business Description

Other Exchanges 8095:Japan
Address 8-2 Nihonbashi Honcho 4-Chome, Chuo-ku, Tokyo, JPN, 103-8403
Astena Holdings Co Ltd formerly Iwaki & Co Ltd is engaged in sale of pharmaceuticals, quasi-medicines, veterinary drugs, and medical equipment. It is also engaged in the sale of raw materials for medicines and cosmetics, health foods, chemicals and synthetic resins.
63GF Score

Get the complete analysis for IWKCF

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

$2.25
Price
$2.56
GF Value