Fan Communications (TSE:2461) Operating Income: 円1,390 Mil (TTM As of Jun. 2026)

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TSE:2461 Fan Communications Inc TSE:2461
67 GF Score
Price 円398.00
GF Value 円400.00
Valuation Fairly Valued
! 2 Warning Signs
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What is Fan Communications Operating Income?

Fan Communications TSE:2461 -0.25% 67 Operating Income is 円1,390 Mil as of Jun. 2026. GuruFocus rates TSE:2461 with a GF Score™ of 67/100 and a GF Value™ of 円400.00 (Fairly Valued). The stock has 2 warning signs investors should review.

Fan Communications's Operating Income for the three months ended in Jun. 2026 was 円216 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was 円1,390 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fan Communications's Operating Income for the three months ended in Jun. 2026 was 円216 Mil. Fan Communications's Revenue for the three months ended in Jun. 2026 was 円1,701 Mil. Therefore, Fan Communications's Operating Margin % for the quarter that ended in Jun. 2026 was 12.68%.

Good Sign:

Fan Communications Inc operating margin is expanding. Margin expansion is usually a good sign.

Fan Communications's 5-Year average Growth Rate for Operating Margin % was 25.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fan Communications's annualized ROC % for the quarter that ended in Jun. 2026 was 6.58%. Fan Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 1,313.56%.


Fan Communications  (TSE:2461) Operating Income Explanation

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

Fan Communications'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 )
=862.756 * ( 1 - 50.53% )/( (6228.441 + 6753.922)/ 2 )
=426.8053932/6491.1815
=6.58 %

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))
=21382.932 - 4003.68 - ( 13125.655 - max(0, 5033.23 - 16184.041+13125.655))
=6228.441

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))
=21235.755 - 4083.026 - ( 12623.014 - max(0, 4862.717 - 15261.524+12623.014))
=6753.922

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

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

Fan Communications'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 )
=862.756/( ( (65.721 + max(-1974.844, 0)) + (65.64 + max(-2224.207, 0)) )/ 2 )
=862.756/( ( 65.721 + 65.64 )/ 2 )
=862.756/65.6805
=1,313.56 %

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)
=(2637.981 + 0 + 420.405) - (4003.68 + 0 + 1029.55)
=-1974.844

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2440.755 + 0 + 197.755) - (4083.026 + 0 + 779.691)
=-2224.207

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 %:

Fan Communications'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 )
=215.689/1700.567
=12.68 %

* 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.


Fan Communications Operating Income Related Terms


Fan Communications Operating Income Historical Data

* Premium members only.

The historical data trend for Fan Communications'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.

Fan Communications Operating Income Chart

Fan Communications 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 2,318.80 2,407.19 2,068.05 1,595.82 1,965.02

Fan Communications 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 470.38 429.93 470.58 273.74 215.69
TSE:2461
67GF Score
Fan Communications Inc TSE:2461
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Fan Communications 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1,390 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1,390 Mil mean?
Fan Communications (TSE:2461) has a Operating Income of 円1,390 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fan Communications and its competitors.
Is Fan Communications' Operating Income too high?
Fan Communications' current Operating Income is 円1,390 Mil. Overall, Fan Communications has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fan Communications' Operating Income compare to APP and OMC?
Fan Communications' Operating Income of 円1,390 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Operating Income depends on the Media - Diversified 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 Fan Communications and its competitors. Fan Communications's current Operating Income is 円1,390 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fan Communications stock overvalued right now?
Based on GuruFocus' analysis, Fan Communications (TSE:2461) is currently considered Fairly Valued. The stock's GF Value™ is 円400.00, compared to a current price of 円398.00 — trading 0.5% below its estimated fair value. The current Operating Income is 円1,390 Mil. Fan Communications' overall GF Score™ is 67/100 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 Fan Communications (TSE:2461), the current Operating Income is 円1,390 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 Fan Communications (TSE:2461) Overvalued in 2026?

Based on GuruFocus' analysis, Fan Communications stock appears to be undervalued. The current stock price of 円398.00 is trading 0.5% below its estimated GF Value™ of 円400.00. GuruFocus considers Fan Communications to be Fairly Valued.

Key valuation signals for TSE:2461:

  • Operating Income: 円1,390 Mil
  • GF Value™: 円400.00 vs. price of 円398.00 (0.5% below fair value)
  • GF Score™: 67/100 with 2 warning signs

No single metric tells the full story. See the TSE:2461 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fan Communications Business Description

Address 1-1-8 Shibuya, Aoyama Diamond Building (Reception: 2nd Floor), Shibuya-ku, Tokyo, JPN, 150-0002
Fan Communications Inc is a Japanese Internet marketing company. The company is developing Internet advertising-related businesses. It has its own media operation and advertising agency and is mainly involved in Internet-based performance marketing ad network services. Its product and services are divided into cost per action ad network business (affiliate advertising, smartphone app install advertising) and cost per click/targeting ad network business (smartphone and network, behavioral targeting supply-side platforms). The company provides advertising through A8.net affiliate advertising service platform and A8app a smartphone application to install for promotions.
67GF Score

Get the complete analysis for TSE:2461

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

円398.00
Price
円400.00
GF Value