Landnet (TSE:2991) Operating Income: 円4,230 Mil (TTM As of Jan. 2026)

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TSE:2991 Landnet Inc TSE:2991
76 GF Score
Price 円561.00
GF Value 円589.31
Valuation Fairly Valued
! 4 Warning Signs
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What is Landnet Operating Income?

Landnet TSE:2991 -0.53% 76 Operating Income is 円4,230 Mil as of Jan. 2026. GuruFocus rates TSE:2991 with a GF Score™ of 76/100 and a GF Value™ of 円589.31 (Fairly Valued). The stock has 4 warning signs investors should review.

Landnet's Operating Income for the three months ended in Jan. 2026 was 円892 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was 円4,230 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Landnet's Operating Income for the three months ended in Jan. 2026 was 円892 Mil. Landnet's Revenue for the three months ended in Jan. 2026 was 円25,737 Mil. Therefore, Landnet's Operating Margin % for the quarter that ended in Jan. 2026 was 3.47%.

Good Sign:

Landnet Inc operating margin is expanding. Margin expansion is usually a good sign.

Landnet's 5-Year average Growth Rate for Operating Margin % was 8.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Landnet's annualized ROC % for the quarter that ended in Jan. 2026 was 7.06%. Landnet's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 14.56%.


Landnet  (TSE:2991) Operating Income Explanation

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

Landnet'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 )
=3568 * ( 1 - 38.02% )/( (30159 + 32525)/ 2 )
=2211.4464/31342
=7.06 %

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:

Landnet'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 )
=3844/( ( (4742 + max(20602, 0)) + (4638 + max(22838, 0)) )/ 2 )
=3844/( ( 25344 + 27476 )/ 2 )
=3844/26410
=14.56 %

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)
=(90 + 23698 + 1454) - (1767 + 0 + 2873)
=20602

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(72 + 26779 + 1201) - (2129 + 0 + 3085)
=22838

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 %:

Landnet'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 )
=892/25737
=3.47 %

* 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.


Landnet Operating Income Related Terms


Landnet Operating Income Historical Data

* Premium members only.

The historical data trend for Landnet'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.

Landnet Operating Income Chart

Landnet Annual Data
Trend Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Operating Income
Get a 7-Day Free Trial 1,220.97 1,505.39 1,520.72 2,785.76 3,744.08

Landnet Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 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 445.96 1,271.12 916.00 892.00 1,151.00
TSE:2991
76GF Score
Landnet Inc TSE:2991
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Landnet 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4,230 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4,230 Mil mean?
Landnet (TSE:2991) has a Operating Income of 円4,230 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Landnet and its competitors.
Is Landnet's Operating Income too high?
Landnet's current Operating Income is 円4,230 Mil. Overall, Landnet has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Landnet's Operating Income compare to CBRE and BEKE?
Landnet's Operating Income of 円4,230 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Operating Income depends on the Real Estate 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 Landnet and its competitors. Landnet's current Operating Income is 円4,230 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Landnet stock overvalued right now?
Based on GuruFocus' analysis, Landnet (TSE:2991) is currently considered Fairly Valued. The stock's GF Value™ is 円589.31, compared to a current price of 円561.00 — trading 4.8% below its estimated fair value. The current Operating Income is 円4,230 Mil. Landnet's overall GF Score™ is 76/100 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 Landnet (TSE:2991), the current Operating Income is 円4,230 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 Landnet (TSE:2991) Overvalued in 2026?

Based on GuruFocus' analysis, Landnet stock appears to be undervalued. The current stock price of 円561.00 is trading 4.8% below its estimated GF Value™ of 円589.31. GuruFocus considers Landnet to be Fairly Valued.

Key valuation signals for TSE:2991:

  • Operating Income: 円4,230 Mil
  • GF Value™: 円589.31 vs. price of 円561.00 (4.8% below fair value)
  • GF Score™: 76/100 with 4 warning signs

No single metric tells the full story. See the TSE:2991 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Landnet Business Description

Address 1-16-15 Minami-Ikebukuro, 7th Floor, Diamond Gate Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0022
Landnet Inc is involved in buying and selling used real estate, remodeling and renovating properties after purchase, brokerage, and managing rental properties. Its reportable segments are the real estate buying and selling business and the real estate rental management business. The majority of its revenue comes from the real estate trading business, which includes purchasing and selling properties, real estate brokerage, and remodeling and renovation activities.
76GF Score

Get the complete analysis for TSE:2991

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

円561.00
Price
円589.31
GF Value