Kanpai Co (ROCO:1269) Operating Income: NT$226 Mil (TTM As of Jun. 2026)

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ROCO:1269 Kanpai Co Ltd ROCO:1269
78 GF Score
Price NT$63.70
GF Value NT$81.80
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Kanpai Co Operating Income?

Kanpai Co ROCO:1269 78 Operating Income is NT$226 Mil as of Jun. 2026. GuruFocus rates ROCO:1269 with a GF Score™ of 78/100 and a GF Value™ of NT$81.80 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Kanpai Co's Operating Income for the six months ended in Jun. 2026 was NT$91 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was NT$226 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kanpai Co's Operating Income for the six months ended in Jun. 2026 was NT$91 Mil. Kanpai Co's Revenue for the six months ended in Jun. 2026 was NT$2,370 Mil. Therefore, Kanpai Co's Operating Margin % for the quarter that ended in Jun. 2026 was 3.85%.

Kanpai Co'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. Kanpai Co's annualized ROC % for the quarter that ended in Jun. 2026 was 3.58%. Kanpai Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 7.35%.


Kanpai Co  (ROCO:1269) Operating Income Explanation

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

Kanpai Co's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=182.69 * ( 1 - 70.95% )/( (1569.025 + 1394.829)/ 2 )
=53.071445/1481.927
=3.58 %

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))
=2507.198 - 576.163 - ( 474.364 - max(0, 828.695 - 1190.705+474.364))
=1569.025

Invested Capital(Q: Jun. 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))
=2460.274 - 641.838 - ( 598.345 - max(0, 872.541 - 1296.148+598.345))
=1394.829

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

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

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

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=83.56/( ( (1144.767 + max(100.127, 0)) + (999.928 + max(28.765, 0)) )/ 2 )
=83.56/( ( 1244.894 + 1028.693 )/ 2 )
=83.56/1136.7935
=7.35 %

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)
=(391.652 + 244.723 + 60.292) - (576.163 + 0 + 20.377)
=100.127

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(346.549 + 253.805 + 86.662) - (641.838 + 0 + 16.413)
=28.765

When net working capital is negative, 0 is used.

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

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

Kanpai Co's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=91.345/2369.772
=3.85 %

* 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.


Kanpai Co Operating Income Related Terms


Kanpai Co Operating Income Historical Data

* Premium members only.

The historical data trend for Kanpai 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.

Kanpai Co Operating Income Chart

Kanpai Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 84.60 -45.67 257.24 134.62 166.13

Kanpai Co Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 61.28 73.34 31.58 134.55 91.35
ROCO:1269
78GF Score
Kanpai Co Ltd ROCO:1269
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Kanpai 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 Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$226 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 NT$226 Mil mean?
Kanpai Co (ROCO:1269) has a Operating Income of NT$226 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Kanpai Co and its competitors.
Is Kanpai Co's Operating Income too high?
Kanpai Co's current Operating Income is NT$226 Mil. Overall, Kanpai Co has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kanpai Co's Operating Income compare to MCD and SBUX?
Kanpai Co's Operating Income of NT$226 Mil can be compared against companies in the Restaurants 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 Restaurants company?
A good Operating Income depends on the Restaurants 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 Kanpai Co and its competitors. Kanpai Co's current Operating Income is NT$226 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kanpai Co stock overvalued right now?
Based on GuruFocus' analysis, Kanpai Co (ROCO:1269) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$81.80, compared to a current price of NT$63.70 — trading 22.1% below its estimated fair value. The current Operating Income is NT$226 Mil. Kanpai Co's overall GF Score™ is 78/100 with 3 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 Kanpai Co (ROCO:1269), the current Operating Income is NT$226 Mil as of Jun. 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 Kanpai Co (ROCO:1269) Overvalued in 2026?

Based on GuruFocus' analysis, Kanpai Co stock appears to be undervalued. The current stock price of NT$63.70 is trading 22.1% below its estimated GF Value™ of NT$81.80. GuruFocus considers Kanpai Co to be Modestly Undervalued.

Key valuation signals for ROCO:1269:

  • Operating Income: NT$226 Mil
  • GF Value™: NT$81.80 vs. price of NT$63.70 (22.1% below fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the ROCO:1269 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kanpai Co Business Description

Address No. 88, Section 2, Zhongxiao East Road,, Room 1102, 11th Floor, Zhongzheng District, Taipei, TWN
Kanpai Co Ltd is engaged in operating chain of restaurants. It operates brands serving yakiniku, ramen, shabu shabu, teppanyaki, yakitori, udon, and hamburger. The company serves to individuals, guests, chefs, manufacturers or employees. It also provides rare meats and catering services.
78GF Score

Get the complete analysis for ROCO:1269

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

NT$63.70
Price
NT$81.80
GF Value