Nihon Decoluxe Co (NGO:7950) Operating Income: 円652 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NGO:7950 Nihon Decoluxe Co Ltd NGO:7950
73 GF Score
Price 円9,260.00
GF Value 円8,407.94
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Nihon Decoluxe Co Operating Income?

Nihon Decoluxe Co NGO:7950 +2.32% 73 Operating Income is 円652 Mil as of Mar. 2026. GuruFocus rates NGO:7950 with a GF Score™ of 73/100 and a GF Value™ of 円8,407.94 (Fairly Valued). The stock has 6 warning signs investors should review.

Nihon Decoluxe Co's Operating Income for the six months ended in Mar. 2026 was 円349 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円652 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nihon Decoluxe Co's Operating Income for the six months ended in Mar. 2026 was 円349 Mil. Nihon Decoluxe Co's Revenue for the six months ended in Mar. 2026 was 円3,216 Mil. Therefore, Nihon Decoluxe Co's Operating Margin % for the quarter that ended in Mar. 2026 was 10.84%.

Good Sign:

Nihon Decoluxe Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Nihon Decoluxe Co's 5-Year average Growth Rate for Operating Margin % was 4.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nihon Decoluxe Co's annualized ROC % for the quarter that ended in Mar. 2026 was 3.36%. Nihon Decoluxe Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.22%.


Nihon Decoluxe Co  (NGO:7950) Operating Income Explanation

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

Nihon Decoluxe 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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=697.016 * ( 1 - 29.5% )/( (14498.009 + 14785.887)/ 2 )
=491.39628/14641.948
=3.36 %

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))
=18363.61 - 402.116 - ( 3463.485 - max(0, 1553.545 - 6404.302+3463.485))
=14498.009

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))
=18724.753 - 447.449 - ( 3491.417 - max(0, 1456.701 - 6192.547+3491.417))
=14785.887

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

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

Nihon Decoluxe 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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=762.092/( ( (7936.334 + max(1387.272, 0)) + (7938.378 + max(1290.434, 0)) )/ 2 )
=762.092/( ( 9323.606 + 9228.812 )/ 2 )
=762.092/9276.209
=8.22 %

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)
=(857.887 + 913.463 + 1169.467) - (402.116 + 0 + 1151.429)
=1387.272

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(757.06 + 916.104 + 1012.185) - (447.449 + 0 + 947.466)
=1290.434

When net working capital is negative, 0 is used.

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

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

Nihon Decoluxe 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 )
=348.508/3216.303
=10.84 %

* 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.


Nihon Decoluxe Co Operating Income Related Terms


Nihon Decoluxe Co Operating Income Historical Data

* Premium members only.

The historical data trend for Nihon Decoluxe 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.

Nihon Decoluxe Co Operating Income Chart

Nihon Decoluxe Co 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 341.19 419.16 690.75 555.68 652.15

Nihon Decoluxe Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 348.68 318.93 236.75 303.64 348.51
NGO:7950
73GF Score
Nihon Decoluxe Co Ltd NGO:7950
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nihon Decoluxe 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 semi-annually data reported by the company within the most recent 12 months, which was 円652 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652 Mil mean?
Nihon Decoluxe Co (NGO:7950) has a Operating Income of 円652 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nihon Decoluxe Co and its competitors.
Is Nihon Decoluxe Co's Operating Income too high?
Nihon Decoluxe Co's current Operating Income is 円652 Mil. Overall, Nihon Decoluxe Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nihon Decoluxe Co's Operating Income compare to SN and SGI?
Nihon Decoluxe Co's Operating Income of 円652 Mil can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Operating Income depends on the Furnishings, Fixtures & Appliances 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 Nihon Decoluxe Co and its competitors. Nihon Decoluxe Co's current Operating Income is 円652 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Decoluxe Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Decoluxe Co (NGO:7950) is currently considered Fairly Valued. The stock's GF Value™ is 円8,407.94, compared to a current price of 円9,260.00 — trading 10.1% above its estimated fair value. The current Operating Income is 円652 Mil. Nihon Decoluxe Co's overall GF Score™ is 73/100 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 Nihon Decoluxe Co (NGO:7950), the current Operating Income is 円652 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 Nihon Decoluxe Co (NGO:7950) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon Decoluxe Co stock appears to be overvalued. The current stock price of 円9,260.00 is trading 10.1% above its estimated GF Value™ of 円8,407.94. GuruFocus considers Nihon Decoluxe Co to be Fairly Valued.

Key valuation signals for NGO:7950:

  • Operating Income: 円652 Mil
  • GF Value™: 円8,407.94 vs. price of 円9,260.00 (10.1% above fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the NGO:7950 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nihon Decoluxe Co Business Description

Address 10 Maeyashiki Kashiwamori, Aichi Prefecture, Niwa-gun, Fuso, JPN, 480-0103
Nihon Decoluxe Co Ltd is engaged in offering decorative boards. It operates Decorative board business unit which covers melamine decorative boards, Living environment business unit, Electronic materials business unit, and a Chemical anchor business unit. The company has two reportable segments: Construction Materials Business and Real Estate Business. The Construction Materials Business manufactures and sells decorative panel products, products for the electronic parts industry, and chemical anchor products. Real Estate Business owns office buildings for lease and engages in real estate leasing.
73GF Score

Get the complete analysis for NGO:7950

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

円9,260.00
Price
円8,407.94
GF Value