Hibino (TSE:2469) Operating Income: 円5,066 Mil (TTM As of Mar. 2026)

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TSE:2469 Hibino Corp TSE:2469
82 GF Score
Price 円2,678.00
GF Value 円3,182.79
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Hibino Operating Income?

Hibino TSE:2469 +1.09% 82 Operating Income is 円5,066 Mil as of Mar. 2026. GuruFocus rates TSE:2469 with a GF Score™ of 82/100 and a GF Value™ of 円3,182.79 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Hibino's Operating Income for the six months ended in Mar. 2026 was 円2,685 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円5,066 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Hibino's Operating Income for the six months ended in Mar. 2026 was 円2,685 Mil. Hibino's Revenue for the six months ended in Mar. 2026 was 円36,287 Mil. Therefore, Hibino's Operating Margin % for the quarter that ended in Mar. 2026 was 7.40%.

Hibino's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hibino's annualized ROC % for the quarter that ended in Mar. 2026 was 10.50%. Hibino's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.89%.


Hibino  (TSE:2469) Operating Income Explanation

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

Hibino'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 )
=5370 * ( 1 - 29.86% )/( (35934 + 35796)/ 2 )
=3766.518/35865
=10.50 %

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:

Hibino'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 )
=5346/( ( (10780 + max(12158, 0)) + (9745 + max(8613, 0)) )/ 2 )
=5346/( ( 22938 + 18358 )/ 2 )
=5346/20648
=25.89 %

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)
=(13526 + 8296 + 1341) - (5321 + 0 + 5684)
=12158

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10146 + 8201 + 1969) - (5240 + 0 + 6463)
=8613

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 %:

Hibino'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 )
=2685/36287
=7.40 %

* 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.


Hibino Operating Income Related Terms


Hibino Operating Income Historical Data

* Premium members only.

The historical data trend for Hibino'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.

Hibino Operating Income Chart

Hibino 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 1,339.96 1,229.60 2,814.00 4,171.00 5,066.00

Hibino 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 2,196.00 1,464.00 2,707.00 2,381.00 2,685.00
TSE:2469
82GF Score
Hibino Corp TSE:2469
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Hibino 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5,066 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5,066 Mil mean?
Hibino (TSE:2469) has a Operating Income of 円5,066 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Hibino and its competitors.
Is Hibino's Operating Income too high?
Hibino's current Operating Income is 円5,066 Mil. Overall, Hibino has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hibino's Operating Income compare to AAPL?
Hibino's Operating Income of 円5,066 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Operating Income depends on the Hardware 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 Hibino and its competitors. Hibino's current Operating Income is 円5,066 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hibino stock overvalued right now?
Based on GuruFocus' analysis, Hibino (TSE:2469) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,182.79, compared to a current price of 円2,678.00 — trading 15.9% below its estimated fair value. The current Operating Income is 円5,066 Mil. Hibino's overall GF Score™ is 82/100 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 Hibino (TSE:2469), the current Operating Income is 円5,066 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 Hibino (TSE:2469) Overvalued in 2026?

Based on GuruFocus' analysis, Hibino stock appears to be undervalued. The current stock price of 円2,678.00 is trading 15.9% below its estimated GF Value™ of 円3,182.79. GuruFocus considers Hibino to be Modestly Undervalued.

Key valuation signals for TSE:2469:

  • Operating Income: 円5,066 Mil
  • GF Value™: 円3,182.79 vs. price of 円2,678.00 (15.9% below fair value)
  • GF Score™: 82/100 with 2 warning signs

No single metric tells the full story. See the TSE:2469 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hibino Business Description

Address 3-5-14, Konan, Minato-ku, Tokyo, JPN, 108-0075
Hibino Corp is engaged in the sale and installation of audio-visual equipment. It offers products and services in the Audio-Visual field. Its business activities are divided into Hibino visual division is engaged in the planning of large screens and video systems used for concerts and events, equipment rental, and operation. Hibino sound division offers a sound system for the concert, equipment rental, recording of concerts and events, studio recording, track down, and mastering. The segments include: Sales and construction business; Building sound construction business; and Concerts and events service business. It derives maximum revenue from Concerts and events service business.
82GF Score

Get the complete analysis for TSE:2469

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

円2,678.00
Price
円3,182.79
GF Value