TKKIF (Tsukishima Holdings Co) Operating Income: $63.16 Mil (TTM As of Mar. 2026)

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What is Tsukishima Holdings Co Operating Income?

Tsukishima Holdings Co TKKIF 88 Operating Income is $63.16 Mil as of Mar. 2026. GuruFocus rates TKKIF with a GF Score™ of 88/100. The stock has 4 warning signs investors should review.

Tsukishima Holdings Co's Operating Income for the three months ended in Mar. 2026 was $33.34 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $63.16 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tsukishima Holdings Co's Operating Income for the three months ended in Mar. 2026 was $33.34 Mil. Tsukishima Holdings Co's Revenue for the three months ended in Mar. 2026 was $341.99 Mil. Therefore, Tsukishima Holdings Co's Operating Margin % for the quarter that ended in Mar. 2026 was 9.75%.

Good Sign:

Tsukishima Holdings Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Tsukishima Holdings Co's 5-Year average Growth Rate for Operating Margin % was 1.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tsukishima Holdings Co's annualized ROC % for the quarter that ended in Mar. 2026 was 13.37%. Tsukishima Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 42.01%.

Tsukishima Holdings Co  (OTCPK:TKKIF) Operating Income Explanation

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

Tsukishima Holdings 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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=133.348 * ( 1 - 15.52% )/( (824.065 + 860.491)/ 2 )
=112.6523904/842.278
=13.37 %

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))
=1206.183 - 134.926 - ( 247.192 - max(0, 304.583 - 765.603+247.192))
=824.065

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))
=1279.415 - 165.929 - ( 252.995 - max(0, 352.893 - 829+252.995))
=860.491

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

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

Tsukishima Holdings 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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=134.684/( ( (211.949 + max(225.713, 0)) + (203.059 + max(0.52900000000008, 0)) )/ 2 )
=134.684/( ( 437.662 + 203.588 )/ 2 )
=134.684/320.625
=42.01 %

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)
=(403.348 + 60.302 + 54.761) - (134.926 + 0 + 157.772)
=225.713

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(267.408 + 26.31 + 46.609) - (165.929 + 0 + 173.869)
=0.52900000000008

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 %:

Tsukishima Holdings 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 )
=33.337/341.991
=9.75 %

* 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.

Tsukishima Holdings Co Operating Income Related Terms

Tsukishima Holdings Co Operating Income Historical Data

* Premium members only.

The historical data trend for Tsukishima Holdings 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.

Tsukishima Holdings Co Operating Income Chart

Tsukishima Holdings 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 48.05 37.47 45.19 59.85 62.05

Tsukishima Holdings Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 0.00 1.16 10.02 18.64 33.34

Tsukishima Holdings 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 quarterly data reported by the company within the most recent 12 months, which was $63.16 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 $63.16 Mil mean?
Tsukishima Holdings Co (TKKIF) has a Operating Income of $63.16 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tsukishima Holdings Co and its competitors.
Is Tsukishima Holdings Co's Operating Income too high?
Tsukishima Holdings Co's current Operating Income is $63.16 Mil. Overall, Tsukishima Holdings Co has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Tsukishima Holdings Co's Operating Income compare to VLTO and ZWS?
Tsukishima Holdings Co's Operating Income of $63.16 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Operating Income depends on the Industrial Products 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 Tsukishima Holdings Co and its competitors. Tsukishima Holdings Co's current Operating Income is $63.16 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsukishima Holdings Co stock overvalued right now?
Tsukishima Holdings Co (TKKIF) has a current Operating Income of $63.16 Mil. The current Operating Income is $63.16 Mil. Tsukishima Holdings Co's overall GF Score™ is 88/100 with 4 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 Tsukishima Holdings Co (TKKIF), the current Operating Income is $63.16 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.

Tsukishima Holdings Co Business Description

Other Exchanges 6332:Japan
Address 3-5-1, Harumi, Chuo-ku, Tokyo, JPN
Tsukishima Holdings Co Ltd is involved in environmental-related businesses operating in three segments Water Environment, Industrial, and Others. The Water Environment segment designs and constructs sludge disposal treatment plants for water filter and sewage treatment plants; singular machineries, as well as the operates, maintains, manages and repair water filters and sewage treatment plants. The Industrial segment is engaged in the design and construction of plants for chemicals, steel, foods, liquid waste disposal and solid waste disposal; the design, manufacture, and sale of crystallizers, filters, dryers, separators and gas holders, and the design and manufacture of vacuum technology applied devices, among others.