Demae-Can Co (TSE:2484) Operating Income: 円-8,219 Mil (TTM As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:2484 Demae-Can Co Ltd TSE:2484
53 GF Score
Price 円143.00
GF Value 円210.51
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Demae-Can Co Operating Income?

Demae-Can Co TSE:2484 -2.72% 53 Operating Income is 円-8,219 Mil as of Feb. 2026. GuruFocus rates TSE:2484 with a GF Score™ of 53/100 and a GF Value™ of 円210.51 (Possible Value Trap). The stock has 4 warning signs investors should review.

Demae-Can Co's Operating Income for the three months ended in Feb. 2026 was 円-1,519 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was 円-8,219 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Demae-Can Co's Operating Income for the three months ended in Feb. 2026 was 円-1,519 Mil. Demae-Can Co's Revenue for the three months ended in Feb. 2026 was 円8,990 Mil. Therefore, Demae-Can Co's Operating Margin % for the quarter that ended in Feb. 2026 was -16.90%.

Good Sign:

Demae-Can Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Demae-Can Co's 5-Year average Growth Rate for Operating Margin % was 24.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Demae-Can Co's annualized ROC % for the quarter that ended in Feb. 2026 was -686.17%. Demae-Can Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was %.


Demae-Can Co  (TSE:2484) Operating Income Explanation

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

Demae-Can Co's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=-6076 * ( 1 - 0% )/( (871 + 900)/ 2 )
=-6076/885.5
=-686.17 %

where

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

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

Demae-Can Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-6076/( ( (0 + max(-8695, 0)) + (0 + max(-7603, 0)) )/ 2 )
=-6076/( ( 0 + 0 )/ 2 )
=-6076/0
= %

where Working Capital is:

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(133 + 0 + 526) - (9085 + 0 + 269)
=-8695

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(154 + 0 + 638) - (8171 + 0 + 224)
=-7603

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Demae-Can Co's Operating Margin % for the quarter that ended in Feb. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=-1519/8990
=-16.90 %

* 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.


Demae-Can Co Operating Income Related Terms


Demae-Can Co Operating Income Historical Data

* Premium members only.

The historical data trend for Demae-Can 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.

Demae-Can Co Operating Income Chart

Demae-Can Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -19,157.25 -36,441.00 -12,260.00 -5,992.00 -4,923.00

Demae-Can Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 -1,789.00 -1,848.00 -1,681.00 -1,519.00 -3,171.00
TSE:2484
53GF Score
Demae-Can Co Ltd TSE:2484
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Demae-Can 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 Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-8,219 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-8,219 Mil mean?
Demae-Can Co (TSE:2484) has a Operating Income of 円-8,219 Mil as of Feb. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Demae-Can Co and its competitors.
Is Demae-Can Co's Operating Income too high?
Demae-Can Co's current Operating Income is 円-8,219 Mil. Overall, Demae-Can Co has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Demae-Can Co's Operating Income compare to AMZN and BABA?
Demae-Can Co's Operating Income of 円-8,219 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical 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 Demae-Can Co and its competitors. Demae-Can Co's current Operating Income is 円-8,219 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Demae-Can Co stock overvalued right now?
Based on GuruFocus' analysis, Demae-Can Co (TSE:2484) is currently considered Possible Value Trap. The stock's GF Value™ is 円210.51, compared to a current price of 円143.00 — trading 32.1% below its estimated fair value. The current Operating Income is 円-8,219 Mil. Demae-Can Co's overall GF Score™ is 53/100 with 4 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 Demae-Can Co (TSE:2484), the current Operating Income is 円-8,219 Mil as of Feb. 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 Demae-Can Co (TSE:2484) Overvalued in 2026?

Based on GuruFocus' analysis, Demae-Can Co stock appears to be undervalued. The current stock price of 円143.00 is trading 32.1% below its estimated GF Value™ of 円210.51. GuruFocus considers Demae-Can Co to be Possible Value Trap.

Key valuation signals for TSE:2484:

  • Operating Income: 円-8,219 Mil
  • GF Value™: 円210.51 vs. price of 円143.00 (32.1% below fair value)
  • GF Score™: 53/100 with 4 warning signs

No single metric tells the full story. See the TSE:2484 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Demae-Can Co Business Description

Other Exchanges 1H7:Germany
Address 5-27-5 Sendagaya, ink Square Shinjuku, General Reception, 11th Floor, Shibuya-ku, Tokyo, JPN, 151-0051
Demae-Can Co Ltd Ltd operates an Internet store in Japan. The company operates through two business segments including Demae-can Business and Mail Order Business. The Demae-can segment operates a website for the door-to-door delivery service, and the mail order sales segment sells, Shochu to restaurants on the phone.
53GF Score

Get the complete analysis for TSE:2484

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

円143.00
Price
円210.51
GF Value