Mikikogyo Co (TSE:1718) Operating Income: 円2,456 Mil (TTM As of Jun. 2026)

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TSE:1718 Mikikogyo Co Ltd TSE:1718
66 GF Score
Price 円6,790.00
GF Value 円6,992.67
Valuation Fairly Valued
! 3 Warning Signs
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What is Mikikogyo Co Operating Income?

Mikikogyo Co TSE:1718 +1.04% 66 Operating Income is 円2,456 Mil as of Jun. 2026. GuruFocus rates TSE:1718 with a GF Score™ of 66/100 and a GF Value™ of 円6,992.67 (Fairly Valued). The stock has 3 warning signs investors should review.

Mikikogyo Co's Operating Income for the three months ended in Jun. 2026 was 円112 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was 円2,456 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mikikogyo Co's Operating Income for the three months ended in Jun. 2026 was 円112 Mil. Mikikogyo Co's Revenue for the three months ended in Jun. 2026 was 円7,264 Mil. Therefore, Mikikogyo Co's Operating Margin % for the quarter that ended in Jun. 2026 was 1.54%.

Good Sign:

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

Mikikogyo Co's 5-Year average Growth Rate for Operating Margin % was 5.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mikikogyo Co's annualized ROC % for the quarter that ended in Jun. 2026 was 1.01%. Mikikogyo Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 2.08%.


Mikikogyo Co  (TSE:1718) Operating Income Explanation

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

Mikikogyo 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: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=446.004 * ( 1 - 28.63% )/( (33952.724 + 28797.552)/ 2 )
=318.3130548/31375.138
=1.01 %

where

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))
=40419.798 - 3071.363 - ( 3395.711 - max(0, 15183.042 - 23436.431+3395.711))
=33952.724

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))
=34727.91 - 2153.644 - ( 3776.714 - max(0, 9789.82 - 17910.677+3776.714))
=28797.552

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

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

Mikikogyo 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: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=520.772/( ( (14376.83 + max(13379.809, 0)) + (14307.804 + max(8058.984, 0)) )/ 2 )
=520.772/( ( 27756.639 + 22366.788 )/ 2 )
=520.772/25061.7135
=2.08 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12463.423 + 6554.109 + 1023.188) - (3071.363 + 0 + 3589.548)
=13379.809

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6369.633 + 7020.337 + 743.993) - (2153.644 + 0 + 3921.335)
=8058.984

When net working capital is negative, 0 is used.

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

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

Mikikogyo 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 )
=111.501/7263.661
=1.54 %

* 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.


Mikikogyo Co Operating Income Related Terms


Mikikogyo Co Operating Income Historical Data

* Premium members only.

The historical data trend for Mikikogyo 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.

Mikikogyo Co Operating Income Chart

Mikikogyo 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 1,266.60 1,102.20 1,316.25 1,134.58 2,583.28

Mikikogyo Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 197.10 999.66 511.65 833.05 111.50
TSE:1718
66GF Score
Mikikogyo Co Ltd TSE:1718
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Mikikogyo 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 quarterly data reported by the company within the most recent 12 months, which was 円2,456 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2,456 Mil mean?
Mikikogyo Co (TSE:1718) has a Operating Income of 円2,456 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Mikikogyo Co and its competitors.
Is Mikikogyo Co's Operating Income too high?
Mikikogyo Co's current Operating Income is 円2,456 Mil. Overall, Mikikogyo Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mikikogyo Co's Operating Income compare to PWR and FIX?
Mikikogyo Co's Operating Income of 円2,456 Mil can be compared against companies in the 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 Construction company?
A good Operating Income depends on the 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 Mikikogyo Co and its competitors. Mikikogyo Co's current Operating Income is 円2,456 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mikikogyo Co stock overvalued right now?
Based on GuruFocus' analysis, Mikikogyo Co (TSE:1718) is currently considered Fairly Valued. The stock's GF Value™ is 円6,992.67, compared to a current price of 円6,790.00 — trading 2.9% below its estimated fair value. The current Operating Income is 円2,456 Mil. Mikikogyo Co's overall GF Score™ is 66/100 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 Mikikogyo Co (TSE:1718), the current Operating Income is 円2,456 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 Mikikogyo Co (TSE:1718) Overvalued in 2026?

Based on GuruFocus' analysis, Mikikogyo Co stock appears to be undervalued. The current stock price of 円6,790.00 is trading 2.9% below its estimated GF Value™ of 円6,992.67. GuruFocus considers Mikikogyo Co to be Fairly Valued.

Key valuation signals for TSE:1718:

  • Operating Income: 円2,456 Mil
  • GF Value™: 円6,992.67 vs. price of 円6,790.00 (2.9% below fair value)
  • GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the TSE:1718 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mikikogyo Co Business Description

Address 951-1 Hojo, Himeji, JPN, 670-094
Mikikogyo Co Ltd is engaged in the construction and real estate business. The Construction segment involves building construction, civil engineering, city gas pipe laying and condominiums. The Real Estate Leasing segment manages and leases real estate properties. It also offers public golf course management, non-life insurance agency business, food and beverage business and solar power business.
66GF Score

Get the complete analysis for TSE:1718

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

円6,790.00
Price
円6,992.67
GF Value