Nissou Co (TSE:1444) Operating Income: 円-8 Mil (TTM As of Jan. 2026)

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TSE:1444 Nissou Co Ltd TSE:1444
83 GF Score
Price 円2,653.00
GF Value 円3,265.82
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Nissou Co Operating Income?

Nissou Co TSE:1444 -0.60% 83 Operating Income is 円-8 Mil as of Jan. 2026. GuruFocus rates TSE:1444 with a GF Score™ of 83/100 and a GF Value™ of 円3,265.82 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Nissou Co's Operating Income for the three months ended in Jan. 2026 was 円-40 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was 円-8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nissou Co's Operating Income for the three months ended in Jan. 2026 was 円-40 Mil. Nissou Co's Revenue for the three months ended in Jan. 2026 was 円1,385 Mil. Therefore, Nissou Co's Operating Margin % for the quarter that ended in Jan. 2026 was -2.89%.

Warning Sign:

Nissou Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -32%.

Nissou Co's 5-Year average Growth Rate for Operating Margin % was -32.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nissou Co's annualized ROC % for the quarter that ended in Jan. 2026 was -10.60%. Nissou Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was -39.14%.


Nissou Co  (TSE:1444) Operating Income Explanation

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

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

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=-159.896 * ( 1 - 0% )/( (1503.672 + 1511.854)/ 2 )
=-159.896/1507.763
=-10.60 %

where

Invested Capital(Q: Oct. 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))
=3307.196 - 277.816 - ( 1704.911 - max(0, 1249.991 - 2775.699+1704.911))
=1503.672

Invested Capital(Q: Jan. 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))
=3263.099 - 319.001 - ( 1686.793 - max(0, 1299.472 - 2731.716+1686.793))
=1511.854

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

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

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

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-240.516/( ( (279.057 + max(365, 0)) + (276.454 + max(308.621, 0)) )/ 2 )
=-240.516/( ( 644.057 + 585.075 )/ 2 )
=-240.516/614.566
=-39.14 %

where Working Capital is:

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(425.09 + 405.942 + 53.684) - (277.816 + 0 + 241.9)
=365

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(405.538 + 379.033 + 49.046) - (319.001 + 0 + 205.995)
=308.621

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2026) EBIT data.

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

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

Operating Margin %=Operating Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=-39.974/1385.432
=-2.89 %

* 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.


Nissou Co Operating Income Related Terms


Nissou Co Operating Income Historical Data

* Premium members only.

The historical data trend for Nissou 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.

Nissou Co Operating Income Chart

Nissou Co Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 158.02 220.19 148.24 56.39 72.70

Nissou Co Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 54.60 13.26 -2.64 -39.97 21.55
TSE:1444
83GF Score
Nissou Co Ltd TSE:1444
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Nissou 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 Jan. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-8 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-8 Mil mean?
Nissou Co (TSE:1444) has a Operating Income of 円-8 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nissou Co and its competitors.
Is Nissou Co's Operating Income too high?
Nissou Co's current Operating Income is 円-8 Mil. Overall, Nissou Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nissou Co's Operating Income compare to DHI and PHM?
Nissou Co's Operating Income of 円-8 Mil can be compared against companies in the Homebuilding & Construction 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 Homebuilding & Construction company?
A good Operating Income depends on the Homebuilding & Construction 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 Nissou Co and its competitors. Nissou Co's current Operating Income is 円-8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nissou Co stock overvalued right now?
Based on GuruFocus' analysis, Nissou Co (TSE:1444) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,265.82, compared to a current price of 円2,653.00 — trading 18.8% below its estimated fair value. The current Operating Income is 円-8 Mil. Nissou Co's overall GF Score™ is 83/100 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 Nissou Co (TSE:1444), the current Operating Income is 円-8 Mil as of Jan. 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 Nissou Co (TSE:1444) Overvalued in 2026?

Based on GuruFocus' analysis, Nissou Co stock appears to be undervalued. The current stock price of 円2,653.00 is trading 18.8% below its estimated GF Value™ of 円3,265.82. GuruFocus considers Nissou Co to be Modestly Undervalued.

Key valuation signals for TSE:1444:

  • Operating Income: 円-8 Mil
  • GF Value™: 円3,265.82 vs. price of 円2,653.00 (18.8% below fair value)
  • GF Score™: 83/100 with 4 warning signs

No single metric tells the full story. See the TSE:1444 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nissou Co Business Description

Address 1-8-17 Kyodo Setagaya-ku, Tokyo, JPN, 156-0052
Nissou Co Ltd is engaged in the provision of renovation works contracting services. The company offers its services under three categories. Construction restoration work services are mainly done in the interior work that occurs when the lessee is replaced. Its vacancy countermeasure renovation services allow the lessee to take advantage of renovation to the owner who suffers from vacancies. The company's renovation work service is a construction that drives to vacancy and rent-up countermeasures. In addition, it also renders indoor cleaning services after leaving the lessee.
83GF Score

Get the complete analysis for TSE:1444

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

円2,653.00
Price
円3,265.82
GF Value