WDB Holdings Co (TSE:2475) Operating Income: 円4,325 Mil (TTM As of Mar. 2026)

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TSE:2475 WDB Holdings Co Ltd TSE:2475
81 GF Score
Price 円1,839.00
GF Value 円1,799.46
Valuation Fairly Valued
! 5 Warning Signs
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What is WDB Holdings Co Operating Income?

WDB Holdings Co TSE:2475 -0.22% 81 Operating Income is 円4,325 Mil as of Mar. 2026. GuruFocus rates TSE:2475 with a GF Score™ of 81/100 and a GF Value™ of 円1,799.46 (Fairly Valued). The stock has 5 warning signs investors should review.

WDB Holdings Co's Operating Income for the three months ended in Mar. 2026 was 円910 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円4,325 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. WDB Holdings Co's Operating Income for the three months ended in Mar. 2026 was 円910 Mil. WDB Holdings Co's Revenue for the three months ended in Mar. 2026 was 円12,182 Mil. Therefore, WDB Holdings Co's Operating Margin % for the quarter that ended in Mar. 2026 was 7.47%.

Warning Sign:

WDB Holdings Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -6.4%.

WDB Holdings Co's 5-Year average Growth Rate for Operating Margin % was -6.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. WDB Holdings Co's annualized ROC % for the quarter that ended in Mar. 2026 was 10.93%. WDB Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.39%.


WDB Holdings Co  (TSE:2475) Operating Income Explanation

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

WDB Holdings 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 )
=3641.576 * ( 1 - 37.99% )/( (20604.809 + 20707.887)/ 2 )
=2258.1412776/20656.348
=10.93 %

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))
=41584.576 - 4287.605 - ( 16692.162 - max(0, 6458.959 - 24553.031+16692.162))
=20604.809

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))
=42424.691 - 4290.491 - ( 17426.313 - max(0, 6616.345 - 24900.673+17426.313))
=20707.887

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

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

WDB Holdings 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 )
=3641.576/( ( (15773.209 + max(1401.91, 0)) + (16011.274 + max(858.015, 0)) )/ 2 )
=3641.576/( ( 17175.119 + 16869.289 )/ 2 )
=3641.576/17022.204
=21.39 %

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)
=(6317.657 + 9.014 + 1534.198) - (4287.605 + 0 + 2171.354)
=1401.91

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6349.894 + 2.024 + 1122.442) - (4290.491 + 0 + 2325.854)
=858.015

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 %:

WDB Holdings 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 )
=910.394/12182.351
=7.47 %

* 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.


WDB Holdings Co Operating Income Related Terms


WDB Holdings Co Operating Income Historical Data

* Premium members only.

The historical data trend for WDB Holdings 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.

WDB Holdings Co Operating Income Chart

WDB Holdings 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 6,314.24 5,508.05 5,468.27 5,068.34 4,464.43

WDB Holdings Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1,320.67 1,012.85 1,220.52 910.39 1,181.11
TSE:2475
81GF Score
WDB Holdings Co Ltd TSE:2475
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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WDB Holdings 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4,325 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4,325 Mil mean?
WDB Holdings Co (TSE:2475) has a Operating Income of 円4,325 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on WDB Holdings Co and its competitors.
Is WDB Holdings Co's Operating Income too high?
WDB Holdings Co's current Operating Income is 円4,325 Mil. Overall, WDB Holdings Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does WDB Holdings Co's Operating Income compare to KFY and RHI?
WDB Holdings Co's Operating Income of 円4,325 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 WDB Holdings Co and its competitors. WDB Holdings Co's current Operating Income is 円4,325 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WDB Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, WDB Holdings Co (TSE:2475) is currently considered Fairly Valued. The stock's GF Value™ is 円1,799.46, compared to a current price of 円1,839.00 — trading 2.2% above its estimated fair value. The current Operating Income is 円4,325 Mil. WDB Holdings Co's overall GF Score™ is 81/100 with 5 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 WDB Holdings Co (TSE:2475), the current Operating Income is 円4,325 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 WDB Holdings Co (TSE:2475) Overvalued in 2026?

Based on GuruFocus' analysis, WDB Holdings Co stock appears to be overvalued. The current stock price of 円1,839.00 is trading 2.2% above its estimated GF Value™ of 円1,799.46. GuruFocus considers WDB Holdings Co to be Fairly Valued.

Key valuation signals for TSE:2475:

  • Operating Income: 円4,325 Mil
  • GF Value™: 円1,799.46 vs. price of 円1,839.00 (2.2% above fair value)
  • GF Score™: 81/100 with 5 warning signs

No single metric tells the full story. See the TSE:2475 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


WDB Holdings Co Business Description

Address 79 Toyosawa-cho, Hyogo, Himeji, JPN, 670-0964
WDB Holdings Co Ltd is a Japan based holding company engaged in providing human resource services. It specializes in temporary staffing and permanent employee introductions in fields such as biotechnology and chemistry research and development. The company operates in the businesses of Human resource services, CRO business, Contract research business, and Interaction business. In Human resource services, the company provides temporary staffing and recruiting services. In the CRO business, it offers support from basic research to clinical trials in the pharmaceutical, medical and other industries. The company operates contract research business in the fields of new materials, marine organism and industrial machinery.
81GF Score

Get the complete analysis for TSE:2475

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

円1,839.00
Price
円1,799.46
GF Value