Pharma Foods International Co (TSE:2929) Operating Income: 円-1,404 Mil (TTM As of Jan. 2026)

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TSE:2929 Pharma Foods International Co Ltd TSE:2929
60 GF Score
Price 円577.00
GF Value 円1,063.97
Valuation Possible Value Trap
! 5 Warning Signs
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What is Pharma Foods International Co Operating Income?

Pharma Foods International Co TSE:2929 +0.52% 60 Operating Income is 円-1,404 Mil as of Jan. 2026. GuruFocus rates TSE:2929 with a GF Score™ of 60/100 and a GF Value™ of 円1,063.97 (Possible Value Trap). The stock has 5 warning signs investors should review.

Pharma Foods International Co's Operating Income for the three months ended in Jan. 2026 was 円161 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was 円-1,404 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Pharma Foods International Co's Operating Income for the three months ended in Jan. 2026 was 円161 Mil. Pharma Foods International Co's Revenue for the three months ended in Jan. 2026 was 円16,729 Mil. Therefore, Pharma Foods International Co's Operating Margin % for the quarter that ended in Jan. 2026 was 0.96%.

Warning Sign:

Pharma Foods International Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -4.6%.

Pharma Foods International Co's 5-Year average Growth Rate for Operating Margin % was -4.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pharma Foods International Co's annualized ROC % for the quarter that ended in Jan. 2026 was 1.91%. Pharma Foods International Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 4.20%.


Pharma Foods International Co  (TSE:2929) Operating Income Explanation

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

Pharma Foods International Co's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=644 * ( 1 - 25.84% )/( (24938 + 24953)/ 2 )
=477.5904/24945.5
=1.91 %

where

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

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

Pharma Foods International Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=492/( ( (4785 + max(6348, 0)) + (4837 + max(7453, 0)) )/ 2 )
=492/( ( 11133 + 12290 )/ 2 )
=492/11711.5
=4.20 %

where Working Capital is:

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4323 + 8377 + 1485) - (7065 + 0 + 772)
=6348

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4328 + 9237 + 1094) - (6623 + 0 + 583)
=7453

When net working capital is negative, 0 is used.

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

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

Pharma Foods International Co's Operating Margin % for the quarter that ended in Jan. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=161/16729
=0.96 %

* 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.


Pharma Foods International Co Operating Income Related Terms


Pharma Foods International Co Operating Income Historical Data

* Premium members only.

The historical data trend for Pharma Foods International 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.

Pharma Foods International Co Operating Income Chart

Pharma Foods International Co Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,718.00 1,133.00 3,684.00 5,215.00 2,423.00

Pharma Foods International Co Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Jul25 Oct25 Jan26 Apr26
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 -244.00 0.00 -2,503.00 161.00 938.00
TSE:2929
60GF Score
Pharma Foods International Co Ltd TSE:2929
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Pharma Foods International 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 Jan. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-1,404 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-1,404 Mil mean?
Pharma Foods International Co (TSE:2929) has a Operating Income of 円-1,404 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Pharma Foods International Co and its competitors.
Is Pharma Foods International Co's Operating Income too high?
Pharma Foods International Co's current Operating Income is 円-1,404 Mil. Overall, Pharma Foods International Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pharma Foods International Co's Operating Income compare to ZTS?
Pharma Foods International Co's Operating Income of 円-1,404 Mil can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Operating Income depends on the Drug Manufacturers 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 Pharma Foods International Co and its competitors. Pharma Foods International Co's current Operating Income is 円-1,404 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pharma Foods International Co stock overvalued right now?
Based on GuruFocus' analysis, Pharma Foods International Co (TSE:2929) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,063.97, compared to a current price of 円577.00 — trading 45.8% below its estimated fair value. The current Operating Income is 円-1,404 Mil. Pharma Foods International Co's overall GF Score™ is 60/100 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 Pharma Foods International Co (TSE:2929), the current Operating Income is 円-1,404 Mil as of Jan. 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 Pharma Foods International Co (TSE:2929) Overvalued in 2026?

Based on GuruFocus' analysis, Pharma Foods International Co stock appears to be undervalued. The current stock price of 円577.00 is trading 45.8% below its estimated GF Value™ of 円1,063.97. GuruFocus considers Pharma Foods International Co to be Possible Value Trap.

Key valuation signals for TSE:2929:

  • Operating Income: 円-1,404 Mil
  • GF Value™: 円1,063.97 vs. price of 円577.00 (45.8% below fair value)
  • GF Score™: 60/100 with 5 warning signs

No single metric tells the full story. See the TSE:2929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pharma Foods International Co Business Description

Address 1-49 Ohara Kyoto imperial tomb Saikyo-ku, Kyoto, JPN, 615-8245
Pharma Foods International Co Ltd is engaged in the development and sales of functional food materials.
60GF Score

Get the complete analysis for TSE:2929

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

円577.00
Price
円1,063.97
GF Value