NPEHF (Nippon Express Holdings) Operating Income: $375 Mil (TTM As of Mar. 2026)

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NPEHF Nippon Express Holdings Inc NPEHF
47 GF Score
Price $32.96
GF Value $11.21
! 8 Warning Signs
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What is Nippon Express Holdings Operating Income?

Nippon Express Holdings NPEHF 47 Operating Income is $375 Mil as of Mar. 2026. GuruFocus rates NPEHF with a GF Score™ of 47/100 and a GF Value™ of $11.21. The stock has 8 warning signs investors should review.

Nippon Express Holdings's Operating Income for the three months ended in Mar. 2026 was $104 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $375 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nippon Express Holdings's Operating Income for the three months ended in Mar. 2026 was $104 Mil. Nippon Express Holdings's Revenue for the three months ended in Mar. 2026 was $4,111 Mil. Therefore, Nippon Express Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 2.53%.

Nippon Express 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. Nippon Express Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 1.46%. Nippon Express Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.19%.


Nippon Express Holdings  (OTCPK:NPEHF) Operating Income Explanation

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

Nippon Express Holdings'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 )
=416.052 * ( 1 - 59.54% )/( (11633.596 + 11436.666)/ 2 )
=168.3346392/11535.131
=1.46 %

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))
=15489.113 - 2099.394 - ( 2643.767 - max(0, 4871.366 - 6627.489+2643.767))
=11633.596

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))
=14697.544 - 1706.645 - ( 2201.456 - max(0, 4484.585 - 6038.818+2201.456))
=11436.666

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

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

Nippon Express Holdings'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 )
=410.528/( ( (6183.074 + max(348.401, 0)) + (6037.066 + max(688.657, 0)) )/ 2 )
=410.528/( ( 6531.475 + 6725.723 )/ 2 )
=410.528/6628.599
=6.19 %

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)
=(3582.587 + 82.84 + 318.295) - (2099.394 + 0 + 1535.927)
=348.401

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3391.416 + 87.073 + 358.873) - (1706.645 + 0 + 1442.06)
=688.657

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 %:

Nippon Express Holdings'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 )
=104.013/4110.952
=2.53 %

* 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.


Nippon Express Holdings Operating Income Related Terms


Nippon Express Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Nippon Express 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.

Nippon Express Holdings Operating Income Chart

Nippon Express Holdings Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Operating Income
1,149.80 405.00 305.44 335.75

Nippon Express Holdings Quarterly Data
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 80.57 121.32 62.56 86.98 104.01
NPEHF
47GF Score
Nippon Express Holdings Inc NPEHF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Express 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $375 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 $375 Mil mean?
Nippon Express Holdings (NPEHF) has a Operating Income of $375 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nippon Express Holdings and its competitors.
Is Nippon Express Holdings' Operating Income too high?
Nippon Express Holdings' current Operating Income is $375 Mil. Overall, Nippon Express Holdings has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Express Holdings' Operating Income compare to UPS and FDX?
Nippon Express Holdings' Operating Income of $375 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 Nippon Express Holdings and its competitors. Nippon Express Holdings's current Operating Income is $375 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Express Holdings stock overvalued right now?
Nippon Express Holdings (NPEHF) has a current Operating Income of $375 Mil. The stock's GF Value™ is $11.21, compared to a current price of $32.96 — trading 194% above its estimated fair value. The current Operating Income is $375 Mil. Nippon Express Holdings' overall GF Score™ is 47/100 with 8 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 Nippon Express Holdings (NPEHF), the current Operating Income is $375 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 Nippon Express Holdings (NPEHF) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Express Holdings stock appears to be overvalued. The current stock price of $32.96 is trading 194% above its estimated GF Value™ of $11.21.

Key valuation signals for NPEHF:

  • Operating Income: $375 Mil
  • GF Value™: $11.21 vs. price of $32.96 (194% above fair value)
  • GF Score™: 47/100 with 8 warning signs

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


Nippon Express Holdings Business Description

Other Exchanges 9147:JapanL3W:Germany
Address Kanda-Izumicho 2, Chiyoda-ku, Tokyo, JPN, 101-0024
Nippon Express Holdings Inc is engaged in the logistics business through five reportable segments: Japan, Americas, Europe, East Asia, and South Asia/Oceania. The company provides a wide range of logistics services, including railway, air, marine, and truck transportation, as well as warehousing, distribution, processing, and moving services. In addition to its core logistics operations, the group is also involved in security transport, heavy haulage and construction, and logistics support businesses, which include real estate, oil sales, and related services.
47GF Score

Get the complete analysis for NPEHF

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

$32.96
Price
$11.21
GF Value