Brass (NGO:2424) Operating Income: 円592 Mil (TTM As of Jan. 2026)

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NGO:2424 Brass Corp NGO:2424
60 GF Score
Price 円477.00
GF Value 円454.60
! 2 Warning Signs
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What is Brass Operating Income?

Brass NGO:2424 60 Operating Income is 円592 Mil as of Jan. 2026. GuruFocus rates NGO:2424 with a GF Score™ of 60/100 and a GF Value™ of 円454.60. The stock has 2 warning signs investors should review.

Brass's Operating Income for the three months ended in Jan. 2026 was 円422 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was 円592 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Brass's Operating Income for the three months ended in Jan. 2026 was 円422 Mil. Brass's Revenue for the three months ended in Jan. 2026 was 円3,738 Mil. Therefore, Brass's Operating Margin % for the quarter that ended in Jan. 2026 was 11.28%.

Brass'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. Brass's annualized ROC % for the quarter that ended in Jan. 2026 was 9.00%. Brass's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 23.29%.


Brass  (NGO:2424) Operating Income Explanation

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

Brass's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=1687.2 * ( 1 - 34.37% )/( (12076.624 + 12538.958)/ 2 )
=1107.30936/12307.791
=9.00 %

where

Invested Capital(Q: Oct. 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))
=12170.799 - 1054.029 - ( 2426.285 - max(0, 3894.849 - 2934.995+2426.285))
=12076.624

Invested Capital(Q: Jan. 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))
=12227.769 - 849.425 - ( 2298.6 - max(0, 4016.67 - 2856.056+2298.6))
=12538.958

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

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

Brass's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1706.2/( ( (7233.707 + max(-2074.462, 0)) + (7416.395 + max(-1582.87, 0)) )/ 2 )
=1706.2/( ( 7233.707 + 7416.395 )/ 2 )
=1706.2/7325.051
=23.29 %

where Working Capital is:

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(43.568 + 227.419 + 237.723) - (1054.029 + 0 + 1529.143)
=-2074.462

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(64.195 + 208.631 + 284.63) - (849.425 + 0 + 1290.901)
=-1582.87

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2026) EBIT data.

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

Brass's Operating Margin % for the quarter that ended in Jan. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=421.8/3737.876
=11.28 %

* 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.


Brass Operating Income Related Terms


Brass Operating Income Historical Data

* Premium members only.

The historical data trend for Brass'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.

Brass Operating Income Chart

Brass Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 327.80 874.60 1,173.48 454.32 751.98

Brass Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 232.78 172.97 -163.72 421.80 161.04
NGO:2424
60GF Score
Brass Corp NGO:2424
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Brass 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 Jan. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円592 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592 Mil mean?
Brass (NGO:2424) has a Operating Income of 円592 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Brass and its competitors.
Is Brass' Operating Income too high?
Brass' current Operating Income is 円592 Mil. Overall, Brass has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does Brass' Operating Income compare to ROL and SCI?
Brass' Operating Income of 円592 Mil can be compared against companies in the Personal 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 Personal Services company?
A good Operating Income depends on the Personal 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 Brass and its competitors. Brass's current Operating Income is 円592 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brass stock overvalued right now?
Brass (NGO:2424) has a current Operating Income of 円592 Mil. The stock's GF Value™ is 円454.60, compared to a current price of 円477.00 — trading 4.9% above its estimated fair value. The current Operating Income is 円592 Mil. Brass' overall GF Score™ is 60/100 with 2 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 Brass (NGO:2424), the current Operating Income is 円592 Mil as of Jan. 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 Brass (NGO:2424) Overvalued in 2026?

Based on GuruFocus' analysis, Brass stock appears to be overvalued. The current stock price of 円477.00 is trading 4.9% above its estimated GF Value™ of 円454.60.

Key valuation signals for NGO:2424:

  • Operating Income: 円592 Mil
  • GF Value™: 円454.60 vs. price of 円477.00 (4.9% above fair value)
  • GF Score™: 60/100 with 2 warning signs

No single metric tells the full story. See the NGO:2424 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Brass Business Description

Other Exchanges 2424:Japan
Address 2-34-1 Meieki, Yubinbango 451, Ecole Plaza Meieki Building, 4th floor, Nishi-ku, Aichi Prefecture, Nagoya, JPN, 451-0045
Brass Corp is engaged in house wedding business. It is focused on planning and management of wedding reception accompanying house wedding business, sales and rental of wedding costume. It also has a restaurant business.
60GF Score

Get the complete analysis for NGO:2424

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

円477.00
Price
円454.60
GF Value