Fuji Nihon (TSE:2114) Operating Income: 円3,554 Mil (TTM As of Mar. 2026)

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TSE:2114 Fuji Nihon Corp TSE:2114
65 GF Score
Price 円626.00
GF Value 円608.16
Valuation Fairly Valued
! 4 Warning Signs
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What is Fuji Nihon Operating Income?

Fuji Nihon TSE:2114 -0.48% 65 Operating Income is 円3,554 Mil as of Mar. 2026. GuruFocus rates TSE:2114 with a GF Score™ of 65/100 and a GF Value™ of 円608.16 (Fairly Valued). The stock has 4 warning signs investors should review.

Fuji Nihon's Operating Income for the six months ended in Mar. 2026 was 円1,706 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円3,554 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fuji Nihon's Operating Income for the six months ended in Mar. 2026 was 円1,706 Mil. Fuji Nihon's Revenue for the six months ended in Mar. 2026 was 円14,263 Mil. Therefore, Fuji Nihon's Operating Margin % for the quarter that ended in Mar. 2026 was 11.96%.

Good Sign:

Fuji Nihon Corp operating margin is expanding. Margin expansion is usually a good sign.

Fuji Nihon's 5-Year average Growth Rate for Operating Margin % was 11.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fuji Nihon's annualized ROC % for the quarter that ended in Mar. 2026 was 10.29%. Fuji Nihon's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 45.43%.


Fuji Nihon  (TSE:2114) Operating Income Explanation

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

Fuji Nihon'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=3412 * ( 1 - 21.42% )/( (25151 + 26959)/ 2 )
=2681.1496/26055
=10.29 %

where

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Fuji Nihon'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4404/( ( (2695 + max(6658, 0)) + (3424 + max(6613, 0)) )/ 2 )
=4404/( ( 9353 + 10037 )/ 2 )
=4404/9695
=45.43 %

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)
=(3866 + 4678 + 1226) - (2285 + 0 + 827)
=6658

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3947 + 4989 + 1200) - (2592 + 0 + 931)
=6613

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

Fuji Nihon'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 )
=1706/14263
=11.96 %

* 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.


Fuji Nihon Operating Income Related Terms


Fuji Nihon Operating Income Historical Data

* Premium members only.

The historical data trend for Fuji Nihon'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.

Fuji Nihon Operating Income Chart

Fuji Nihon 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 1,604.60 1,814.08 2,173.39 3,233.00 3,554.00

Fuji Nihon Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 1,110.91 1,618.00 1,615.00 1,848.00 1,706.00
TSE:2114
65GF Score
Fuji Nihon Corp TSE:2114
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Fuji Nihon 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 semi-annually data reported by the company within the most recent 12 months, which was 円3,554 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3,554 Mil mean?
Fuji Nihon (TSE:2114) has a Operating Income of 円3,554 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fuji Nihon and its competitors.
Is Fuji Nihon's Operating Income too high?
Fuji Nihon's current Operating Income is 円3,554 Mil. Overall, Fuji Nihon has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fuji Nihon's Operating Income compare to MDLZ and HSY?
Fuji Nihon's Operating Income of 円3,554 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 Fuji Nihon and its competitors. Fuji Nihon's current Operating Income is 円3,554 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuji Nihon stock overvalued right now?
Based on GuruFocus' analysis, Fuji Nihon (TSE:2114) is currently considered Fairly Valued. The stock's GF Value™ is 円608.16, compared to a current price of 円626.00 — trading 2.9% above its estimated fair value. The current Operating Income is 円3,554 Mil. Fuji Nihon's overall GF Score™ is 65/100 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 Fuji Nihon (TSE:2114), the current Operating Income is 円3,554 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 Fuji Nihon (TSE:2114) Overvalued in 2026?

Based on GuruFocus' analysis, Fuji Nihon stock appears to be overvalued. The current stock price of 円626.00 is trading 2.9% above its estimated GF Value™ of 円608.16. GuruFocus considers Fuji Nihon to be Fairly Valued.

Key valuation signals for TSE:2114:

  • Operating Income: 円3,554 Mil
  • GF Value™: 円608.16 vs. price of 円626.00 (2.9% above fair value)
  • GF Score™: 65/100 with 4 warning signs

No single metric tells the full story. See the TSE:2114 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fuji Nihon Business Description

Address No.7, 6-7 Kabutocho, 7th Floor, Kabutocho Heiwa Building, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-0026
Fuji Nihon Corp is engaged in the manufacture and sale of sugar and sugar-related products. The company is also engaged in the business of functional materials, cut flower active agents and food additives.
65GF Score

Get the complete analysis for TSE:2114

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

円626.00
Price
円608.16
GF Value