Townnews-Sha Co (TSE:2481) Operating Income: 円629 Mil (TTM As of Mar. 2026)

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TSE:2481 Townnews-Sha Co Ltd TSE:2481
71 GF Score
Price 円664.00
GF Value 円767.32
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Townnews-Sha Co Operating Income?

Townnews-Sha Co TSE:2481 -0.75% 71 Operating Income is 円629 Mil as of Mar. 2026. GuruFocus rates TSE:2481 with a GF Score™ of 71/100 and a GF Value™ of 円767.32 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Townnews-Sha Co's Operating Income for the three months ended in Mar. 2026 was 円393 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円629 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Townnews-Sha Co's Operating Income for the three months ended in Mar. 2026 was 円393 Mil. Townnews-Sha Co's Revenue for the three months ended in Mar. 2026 was 円1,308 Mil. Therefore, Townnews-Sha Co's Operating Margin % for the quarter that ended in Mar. 2026 was 30.05%.

Good Sign:

Townnews-Sha Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Townnews-Sha Co's 5-Year average Growth Rate for Operating Margin % was 10.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Townnews-Sha Co's annualized ROC % for the quarter that ended in Mar. 2026 was 26.97%. Townnews-Sha Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 170.85%.


Townnews-Sha Co  (TSE:2481) Operating Income Explanation

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

Townnews-Sha 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 )
=1571.476 * ( 1 - 35.81% )/( (3738.616 + 3742.266)/ 2 )
=1008.7304444/3740.441
=26.97 %

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))
=5966.544 - 173.695 - ( 2183.831 - max(0, 516.14 - 2570.373+2183.831))
=3738.616

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))
=6329.47 - 257.6 - ( 2427.124 - max(0, 605.423 - 2935.027+2427.124))
=3742.266

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

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

Townnews-Sha 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 )
=1571.476/( ( (923.496 + max(-129.598, 0)) + (916.08 + max(-97.52, 0)) )/ 2 )
=1571.476/( ( 923.496 + 916.08 )/ 2 )
=1571.476/919.788
=170.85 %

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)
=(247.33 + 63.997 + 75.215) - (173.695 + 0 + 342.445)
=-129.598

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(452.674 + 6.578 + 48.651) - (257.6 + 0 + 347.823)
=-97.52

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 %:

Townnews-Sha 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 )
=392.869/1307.562
=30.05 %

* 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.


Townnews-Sha Co Operating Income Related Terms


Townnews-Sha Co Operating Income Historical Data

* Premium members only.

The historical data trend for Townnews-Sha 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.

Townnews-Sha Co Operating Income Chart

Townnews-Sha Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 378.57 569.58 576.74 462.35 628.75

Townnews-Sha Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 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 0.00 101.22 113.97 392.87 20.69
TSE:2481
71GF Score
Townnews-Sha Co Ltd TSE:2481
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Townnews-Sha 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629 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629 Mil mean?
Townnews-Sha Co (TSE:2481) has a Operating Income of 円629 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Townnews-Sha Co and its competitors.
Is Townnews-Sha Co's Operating Income too high?
Townnews-Sha Co's current Operating Income is 円629 Mil. Overall, Townnews-Sha Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Townnews-Sha Co's Operating Income compare to NYT and WLY?
Townnews-Sha Co's Operating Income of 円629 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 Townnews-Sha Co and its competitors. Townnews-Sha Co's current Operating Income is 円629 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Townnews-Sha Co stock overvalued right now?
Based on GuruFocus' analysis, Townnews-Sha Co (TSE:2481) is currently considered Modestly Undervalued. The stock's GF Value™ is 円767.32, compared to a current price of 円664.00 — trading 13.5% below its estimated fair value. The current Operating Income is 円629 Mil. Townnews-Sha Co's overall GF Score™ is 71/100 with 1 warning sign 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 Townnews-Sha Co (TSE:2481), the current Operating Income is 円629 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 Townnews-Sha Co (TSE:2481) Overvalued in 2026?

Based on GuruFocus' analysis, Townnews-Sha Co stock appears to be undervalued. The current stock price of 円664.00 is trading 13.5% below its estimated GF Value™ of 円767.32. GuruFocus considers Townnews-Sha Co to be Modestly Undervalued.

Key valuation signals for TSE:2481:

  • Operating Income: 円629 Mil
  • GF Value™: 円767.32 vs. price of 円664.00 (13.5% below fair value)
  • GF Score™: 71/100 with 1 warning sign

No single metric tells the full story. See the TSE:2481 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Townnews-Sha Co Business Description

Address Edanishi 2-1-3, Aoba-ku, Yokohama, Kanagawa, JPN
Townnews-Sha Co Ltd is engaged in the planning, production, printing of various printed materials, and creation and management of websites. It also provides a local information newspaper which contains familiar information about politics, economics, society, culture, and sports, as well as the sale of advertising spaces in the paper.
71GF Score

Get the complete analysis for TSE:2481

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

円664.00
Price
円767.32
GF Value