Daiwa House Industry Co (TSE:1925) Operating Income: 円614,884 Mil (TTM As of Mar. 2026)


TSE:1925 Daiwa House Industry Co Ltd TSE:1925
76 GF Score
Price 円4,506.00
GF Value 円5,172.28
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Daiwa House Industry Co Operating Income?

Daiwa House Industry Co TSE:1925 -0.31% 76 Operating Income is 円614,884 Mil as of Mar. 2026. GuruFocus rates TSE:1925 with a GF Score™ of 76/100 and a GF Value™ of 円5,172.28 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Daiwa House Industry Co's Operating Income for the three months ended in Mar. 2026 was 円251,295 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円614,884 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Daiwa House Industry Co's Operating Income for the three months ended in Mar. 2026 was 円251,295 Mil. Daiwa House Industry Co's Revenue for the three months ended in Mar. 2026 was 円1,546,569 Mil. Therefore, Daiwa House Industry Co's Operating Margin % for the quarter that ended in Mar. 2026 was 16.25%.

Good Sign:

Daiwa House Industry Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Daiwa House Industry Co's 5-Year average Growth Rate for Operating Margin % was 4.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Daiwa House Industry Co's annualized ROC % for the quarter that ended in Mar. 2026 was 8.69%. Daiwa House Industry Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.60%.

Daiwa House Industry Co  (TSE:1925) Operating Income Explanation

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

Daiwa House Industry 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 )
=1005180 * ( 1 - 37.14% )/( (7140881 + 7400041)/ 2 )
=631856.148/7270461
=8.69 %

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))
=7878242 - 346740 - ( 390621 - max(0, 2413649 - 4367261+390621))
=7140881

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))
=8412419 - 577812 - ( 434566 - max(0, 2662133 - 4702696+434566))
=7400041

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

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

Daiwa House Industry 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 )
=888104/( ( (2583113 + max(2780965, 0)) + (2600101 + max(2736737, 0)) )/ 2 )
=888104/( ( 5364078 + 5336838 )/ 2 )
=888104/5350458
=16.60 %

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)
=(535069 + 2939507 + 469018) - (346740 + 0 + 815889)
=2780965

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(552672 + 3179639 + 496076) - (577812 + 0 + 913838)
=2736737

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 %:

Daiwa House Industry 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 )
=251295/1546569
=16.25 %

* 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.

Daiwa House Industry Co Operating Income Related Terms

Daiwa House Industry Co Operating Income Historical Data

* Premium members only.

The historical data trend for Daiwa House Industry 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.

Daiwa House Industry Co Operating Income Chart

Daiwa House Industry 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 383,262.00 465,374.00 440,217.00 546,286.00 614,884.00

Daiwa House Industry Co 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 189,062.00 118,116.00 103,284.00 142,189.00 251,295.00
TSE:1925
76GF Score
Daiwa House Industry Co Ltd TSE:1925
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daiwa House Industry 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 円614,884 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614,884 Mil mean?
Daiwa House Industry Co (TSE:1925) has a Operating Income of 円614,884 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Daiwa House Industry Co and its competitors.
Is Daiwa House Industry Co's Operating Income too high?
Daiwa House Industry Co's current Operating Income is 円614,884 Mil. Overall, Daiwa House Industry Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Daiwa House Industry Co's Operating Income compare to competitors?
Daiwa House Industry Co's Operating Income of 円614,884 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Operating Income depends on the Real Estate 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 Daiwa House Industry Co and its competitors. Daiwa House Industry Co's current Operating Income is 円614,884 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa House Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Daiwa House Industry Co (TSE:1925) is currently considered Modestly Undervalued. The stock's GF Value™ is 円5,172.28, compared to a current price of 円4,506.00 — trading 12.9% below its estimated fair value. The current Operating Income is 円614,884 Mil. Daiwa House Industry Co's overall GF Score™ is 76/100 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 Daiwa House Industry Co (TSE:1925), the current Operating Income is 円614,884 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.

Is Daiwa House Industry Co (TSE:1925) Overvalued in 2026?

Based on GuruFocus' analysis, Daiwa House Industry Co stock appears to be undervalued. The current stock price of 円4,506.00 is trading 12.9% below its estimated GF Value™ of 円5,172.28. GuruFocus considers Daiwa House Industry Co to be Modestly Undervalued.

Key valuation signals for TSE:1925:

  • Operating Income: 円614,884 Mil
  • GF Value™: 円5,172.28 vs. price of 円4,506.00 (12.9% below fair value)
  • GF Score™: 76/100 with 4 warning signs

No single metric tells the full story. See the TSE:1925 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Daiwa House Industry Co Business Description

Address 3-3-5 Umeda, Kita-ku, Osaka, JPN, 530-8241
Daiwa House Industry Co Ltd is engaged in the business of housing, commercial facilities, and urban development. The company operates through seven segments. The Apartment segment develops, sells, and manages condominiums, while the Business Facilities segment handles logistics, manufacturing, medical, and nursing care facilities. The Commercial Facility segment focuses on the development, construction, and management of retail spaces. The Detached Houses segment contracts and sells individual homes. The Environment Energy segment develops renewable power plants and electricity retail. The Rental Housing segment covers development, operation, and brokerage of rental housing, while Others include the resort hotel business.
76GF Score

Get the complete analysis for TSE:1925

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

円4,506.00
Price
円5,172.28
GF Value