MILGF (Mitsubishi Logistics) Operating Income: $105 Mil (TTM As of Mar. 2026)


MILGF Mitsubishi Logistics Corp MILGF
83 GF Score
Price $8.63
GF Value $6.45
! 9 Warning Signs
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What is Mitsubishi Logistics Operating Income?

Mitsubishi Logistics MILGF 83 Operating Income is $105 Mil as of Mar. 2026. GuruFocus rates MILGF with a GF Score™ of 83/100 and a GF Value™ of $6.45. The stock has 9 warning signs investors should review.

Mitsubishi Logistics's Operating Income for the three months ended in Mar. 2026 was $24 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $105 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mitsubishi Logistics's Operating Income for the three months ended in Mar. 2026 was $24 Mil. Mitsubishi Logistics's Revenue for the three months ended in Mar. 2026 was $431 Mil. Therefore, Mitsubishi Logistics's Operating Margin % for the quarter that ended in Mar. 2026 was 5.61%.

Good Sign:

Mitsubishi Logistics Corp operating margin is expanding. Margin expansion is usually a good sign.

Mitsubishi Logistics's 5-Year average Growth Rate for Operating Margin % was 0.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mitsubishi Logistics's annualized ROC % for the quarter that ended in Mar. 2026 was 1.63%. Mitsubishi Logistics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 28.10%.

Mitsubishi Logistics  (OTCPK:MILGF) Operating Income Explanation

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

Mitsubishi Logistics'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 )
=96.596 * ( 1 - 38.95% )/( (3685.733 + 3559.178)/ 2 )
=58.971858/3622.4555
=1.63 %

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))
=4019.184 - 192.951 - ( 391.694 - max(0, 685.649 - 826.149+391.694))
=3685.733

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))
=4031.857 - 260.463 - ( 456.212 - max(0, 669.651 - 881.867+456.212))
=3559.178

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

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

Mitsubishi Logistics'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 )
=524.088/( ( (1828.503 + max(81.936, 0)) + (1813.752 + max(6.145, 0)) )/ 2 )
=524.088/( ( 1910.439 + 1819.897 )/ 2 )
=524.088/1865.168
=28.10 %

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)
=(284.097 + 84.841 + 65.517) - (192.951 + 0 + 159.568)
=81.936

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(278.713 + 84.622 + 62.32) - (260.463 + 0 + 159.047)
=6.145

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 %:

Mitsubishi Logistics'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 )
=24.149/430.778
=5.61 %

* 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.

Mitsubishi Logistics Operating Income Related Terms

Mitsubishi Logistics Operating Income Historical Data

* Premium members only.

The historical data trend for Mitsubishi Logistics'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.

Mitsubishi Logistics Operating Income Chart

Mitsubishi Logistics 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 153.02 172.28 126.43 136.26 100.38

Mitsubishi Logistics 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 27.85 27.43 24.21 29.21 24.15
MILGF
83GF Score
Mitsubishi Logistics Corp MILGF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Mitsubishi Logistics 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 $105 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 $105 Mil mean?
Mitsubishi Logistics (MILGF) has a Operating Income of $105 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Mitsubishi Logistics and its competitors.
Is Mitsubishi Logistics' Operating Income too high?
Mitsubishi Logistics' current Operating Income is $105 Mil. Overall, Mitsubishi Logistics has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Logistics' Operating Income compare to UPS and FDX?
Mitsubishi Logistics' Operating Income of $105 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Operating Income depends on the Transportation 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 Mitsubishi Logistics and its competitors. Mitsubishi Logistics's current Operating Income is $105 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Logistics stock overvalued right now?
Mitsubishi Logistics (MILGF) has a current Operating Income of $105 Mil. The stock's GF Value™ is $6.45, compared to a current price of $8.63 — trading 33.7% above its estimated fair value. The current Operating Income is $105 Mil. Mitsubishi Logistics' overall GF Score™ is 83/100 with 9 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 Mitsubishi Logistics (MILGF), the current Operating Income is $105 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 Mitsubishi Logistics (MILGF) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Logistics stock appears to be overvalued. The current stock price of $8.63 is trading 33.7% above its estimated GF Value™ of $6.45.

Key valuation signals for MILGF:

  • Operating Income: $105 Mil
  • GF Value™: $6.45 vs. price of $8.63 (33.7% above fair value)
  • GF Score™: 83/100 with 9 warning signs

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

Mitsubishi Logistics Business Description

Other Exchanges 9301:JapanMIB:Germany
Address 1-19-1 Nihonbashi, Nihonbashi Diamond Building, Chuo-ku, Tokyo, JPN, 103-0027
Mitsubishi Logistics Corp is a Japan-based logistics and real estate investment company. The company organizes itself into two segments: logistics and real estate. Logistics, which contributes the majority of revenue, includes warehousing; air, ocean, and rail transportation; port-terminal operations; and international freight forwarding. The real estate segment buys, sells, and leases office buildings and other commercial real estate. The company derives the vast majority of revenue domestically.
83GF Score

Get the complete analysis for MILGF

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

$8.63
Price
$6.45
GF Value