Artner Co (TSE:2163) Operating Income: 円1,936 Mil (TTM As of Jan. 2026)

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TSE:2163 Artner Co Ltd TSE:2163
90 GF Score
Price 円969.00
GF Value 円1,132.27
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Artner Co Operating Income?

Artner Co TSE:2163 +1.68% 90 Operating Income is 円1,936 Mil as of Jan. 2026. GuruFocus rates TSE:2163 with a GF Score™ of 90/100 and a GF Value™ of 円1,132.27 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Artner Co's Operating Income for the three months ended in Jan. 2026 was 円342 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was 円1,936 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Artner Co's Operating Income for the three months ended in Jan. 2026 was 円342 Mil. Artner Co's Revenue for the three months ended in Jan. 2026 was 円3,146 Mil. Therefore, Artner Co's Operating Margin % for the quarter that ended in Jan. 2026 was 10.86%.

Good Sign:

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

Artner Co's 5-Year average Growth Rate for Operating Margin % was 5.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Artner Co's annualized ROC % for the quarter that ended in Jan. 2026 was 30.95%. Artner Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 367.98%.


Artner Co  (TSE:2163) Operating Income Explanation

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

Artner 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 )
=1367.18 * ( 1 - 30.13% )/( (2933.104 + 3240.154)/ 2 )
=955.248666/3086.629
=30.95 %

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))
=7196.138 - 0 - ( 4263.034 - max(0, 1585.91 - 6133.762+4263.034))
=2933.104

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))
=9058.062 - 1089.02 - ( 4728.888 - max(0, 1873.59 - 6654.604+4728.888))
=3240.154

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

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

Artner 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 )
=1368.74/( ( (84.198 + max(293.476, 0)) + (205.372 + max(160.868, 0)) )/ 2 )
=1368.74/( ( 377.674 + 366.24 )/ 2 )
=1368.74/371.957
=367.98 %

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)
=(1775.81 + 15.777 + 79.141000000001) - (0 + 0 + 1577.252)
=293.476

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1789.787 + 13.88 + 122.049) - (1089.02 + 0 + 675.828)
=160.868

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 %:

Artner 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 )
=341.795/3146.116
=10.86 %

* 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.


Artner Co Operating Income Related Terms


Artner Co Operating Income Historical Data

* Premium members only.

The historical data trend for Artner 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.

Artner Co Operating Income Chart

Artner Co Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,010.41 1,194.11 1,522.85 1,810.14 1,821.72

Artner 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 518.36 581.44 380.13 341.80 632.54
TSE:2163
90GF Score
Artner Co Ltd TSE:2163
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Artner 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1,936 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1,936 Mil mean?
Artner Co (TSE:2163) has a Operating Income of 円1,936 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Artner Co and its competitors.
Is Artner Co's Operating Income too high?
Artner Co's current Operating Income is 円1,936 Mil. Overall, Artner Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Artner Co's Operating Income compare to KFY and RHI?
Artner Co's Operating Income of 円1,936 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Operating Income depends on the Business Services 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 Artner Co and its competitors. Artner Co's current Operating Income is 円1,936 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artner Co stock overvalued right now?
Based on GuruFocus' analysis, Artner Co (TSE:2163) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,132.27, compared to a current price of 円969.00 — trading 14.4% below its estimated fair value. The current Operating Income is 円1,936 Mil. Artner Co's overall GF Score™ is 90/100 with 2 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 Artner Co (TSE:2163), the current Operating Income is 円1,936 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 Artner Co (TSE:2163) Overvalued in 2026?

Based on GuruFocus' analysis, Artner Co stock appears to be undervalued. The current stock price of 円969.00 is trading 14.4% below its estimated GF Value™ of 円1,132.27. GuruFocus considers Artner Co to be Modestly Undervalued.

Key valuation signals for TSE:2163:

  • Operating Income: 円1,936 Mil
  • GF Value™: 円1,132.27 vs. price of 円969.00 (14.4% below fair value)
  • GF Score™: 90/100 with 2 warning signs

No single metric tells the full story. See the TSE:2163 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Artner Co Business Description

Address 2-18 Nakanoshima 3-chome, Sumitomo Nakanoshima Building, 2nd Floor, Kita-ku, Tokyo, JPN, 530-0005
Artner Co Ltd provides technical outsourcing services. It is engaged in the engineer dispatch business, which involves providing specialized skills through design engineers in areas such as software (development of software to be incorporated into IoT devices and application software for network systems), electricity and electronics (design of circuit boards, which are the heart of devices and equipment, and reliability assessment), and machinery (design of mechanisms that make machines work using 2D CAD and 3D CAD), thereby supporting the design and development departments of client companies. Additionally, the company also takes part in contract and outsourcing business, accepting design and development work from client companies.
90GF Score

Get the complete analysis for TSE:2163

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

円969.00
Price
円1,132.27
GF Value