Nisshinbo Holdings (STU:NBO) Operating Income: €137 Mil (TTM As of Dec. 2025)

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STU:NBO Nisshinbo Holdings Inc STU:NBO
65 GF Score
Price €11.90
GF Value €5.67
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Nisshinbo Holdings Operating Income?

Nisshinbo Holdings STU:NBO -1.65% 65 Operating Income is €137 Mil as of Dec. 2025. GuruFocus rates STU:NBO with a GF Score™ of 65/100 and a GF Value™ of €5.67 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Nisshinbo Holdings's Operating Income for the three months ended in Dec. 2025 was €41 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €137 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nisshinbo Holdings's Operating Income for the three months ended in Dec. 2025 was €41 Mil. Nisshinbo Holdings's Revenue for the three months ended in Dec. 2025 was €755 Mil. Therefore, Nisshinbo Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was 5.47%.

Good Sign:

Nisshinbo Holdings Inc operating margin is expanding. Margin expansion is usually a good sign.

Nisshinbo Holdings's 5-Year average Growth Rate for Operating Margin % was 48.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nisshinbo Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 0.21%. Nisshinbo Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.41%.

Nisshinbo Holdings  (STU:NBO) Operating Income Explanation

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

Nisshinbo Holdings's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=165.044 * ( 1 - 95.93% )/( (3133.802 + 3152.698)/ 2 )
=6.7172908/3143.25
=0.21 %

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))
=3644.652 - 249.17 - ( 261.68 - max(0, 933.286 - 1996.007+261.68))
=3133.802

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))
=3657.863 - 255.261 - ( 249.904 - max(0, 995.272 - 2026.957+249.904))
=3152.698

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Nisshinbo Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=131.392/( ( (956.588 + max(1093.168, 0)) + (919.394 + max(1127.27, 0)) )/ 2 )
=131.392/( ( 2049.756 + 2046.664 )/ 2 )
=131.392/2048.21
=6.41 %

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)
=(633.341 + 965.191 + 135.795) - (249.17 + 0 + 391.989)
=1093.168

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(740.614 + 885.823 + 150.616) - (255.261 + 0 + 394.522)
=1127.27

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Nisshinbo Holdings's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=41.261/754.619
=5.47 %

* 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.

Nisshinbo Holdings Operating Income Related Terms

Nisshinbo Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Nisshinbo 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.

Nisshinbo Holdings Operating Income Chart

Nisshinbo Holdings Annual Data
Trend Mar16 Mar17 Mar18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 169.40 108.00 79.31 102.95 144.61

Nisshinbo Holdings 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 132.13 -17.24 2.59 41.26 110.75
STU:NBO
65GF Score
Nisshinbo Holdings Inc STU:NBO
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Nisshinbo 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €137 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 €137 Mil mean?
Nisshinbo Holdings (STU:NBO) has a Operating Income of €137 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nisshinbo Holdings and its competitors.
Is Nisshinbo Holdings' Operating Income too high?
Nisshinbo Holdings' current Operating Income is €137 Mil. Overall, Nisshinbo Holdings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nisshinbo Holdings' Operating Income compare to MMM and HON?
Nisshinbo Holdings' Operating Income of €137 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Operating Income depends on the Conglomerates 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 Nisshinbo Holdings and its competitors. Nisshinbo Holdings's current Operating Income is €137 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nisshinbo Holdings stock overvalued right now?
Based on GuruFocus' analysis, Nisshinbo Holdings (STU:NBO) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.67, compared to a current price of €11.90 — trading 109.9% above its estimated fair value. The current Operating Income is €137 Mil. Nisshinbo Holdings' overall GF Score™ is 65/100 with 7 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 Nisshinbo Holdings (STU:NBO), the current Operating Income is €137 Mil as of Dec. 2025. 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 Nisshinbo Holdings (STU:NBO) Overvalued in 2026?

Based on GuruFocus' analysis, Nisshinbo Holdings stock appears to be overvalued. The current stock price of €11.90 is trading 109.9% above its estimated GF Value™ of €5.67. GuruFocus considers Nisshinbo Holdings to be Significantly Overvalued.

Key valuation signals for STU:NBO:

  • Operating Income: €137 Mil
  • GF Value™: €5.67 vs. price of €11.90 (109.9% above fair value)
  • GF Score™: 65/100 with 7 warning signs

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

Nisshinbo Holdings Business Description

Address 2-31-11, Ningyo-cho, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8650
Nisshinbo Holdings Inc is a Japan-based company that is mainly engaged in electronics, automobile brakes, textiles, paper, and precision instrument businesses. The company's electronics business provides shipping navigation technology, network equipment, microwave-related products, semiconductor devices, and others. The automobile brake business manufactures friction materials and assembly products. The textile business mainly manufactures non-iron shirts, non-woven fabrics, and spandex. The paper business mainly manufactures household paper, specialty paper, and processed paper products. The precision instrument business produces plastic molding parts, precision parts, and others.
65GF Score

Get the complete analysis for STU:NBO

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

€11.90
Price
€5.67
GF Value