Tokai Holdings (TSE:3167) Operating Income: 円18,700 Mil (TTM As of Mar. 2026)

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TSE:3167 Tokai Holdings Corp TSE:3167
78 GF Score
Price 円1,219.00
GF Value 円1,039.97
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Tokai Holdings Operating Income?

Tokai Holdings TSE:3167 +9.43% 78 Operating Income is 円18,700 Mil as of Mar. 2026. GuruFocus rates TSE:3167 with a GF Score™ of 78/100 and a GF Value™ of 円1,039.97 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Tokai Holdings's Operating Income for the three months ended in Mar. 2026 was 円6,368 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円18,700 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tokai Holdings's Operating Income for the three months ended in Mar. 2026 was 円6,368 Mil. Tokai Holdings's Revenue for the three months ended in Mar. 2026 was 円67,456 Mil. Therefore, Tokai Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 9.44%.

Tokai Holdings's 5-Year average Growth Rate for Operating Margin % was -0.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tokai Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 8.65%. Tokai Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.19%.


Tokai Holdings  (TSE:3167) Operating Income Explanation

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

Tokai Holdings'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 )
=25472 * ( 1 - 29.65% )/( (207225 + 206929)/ 2 )
=17919.552/207077
=8.65 %

where

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

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

Tokai Holdings'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 )
=19184/( ( (114469 + max(11176, 0)) + (115897 + max(11057, 0)) )/ 2 )
=19184/( ( 125645 + 126954 )/ 2 )
=19184/126299.5
=15.19 %

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)
=(32155 + 9547 + 8988) - (17216 + 0 + 22298)
=11176

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(32721 + 8236 + 8982) - (18576 + 0 + 20306)
=11057

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 %:

Tokai Holdings'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 )
=6368/67456
=9.44 %

* 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.


Tokai Holdings Operating Income Related Terms


Tokai Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Tokai Holdings'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.

Tokai Holdings Operating Income Chart

Tokai Holdings 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 15,794.00 14,919.00 15,511.00 16,841.00 18,700.00

Tokai Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 7,130.00 3,942.00 2,307.00 6,083.00 6,368.00
TSE:3167
78GF Score
Tokai Holdings Corp TSE:3167
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokai Holdings 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18,700 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18,700 Mil mean?
Tokai Holdings (TSE:3167) has a Operating Income of 円18,700 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tokai Holdings and its competitors.
Is Tokai Holdings' Operating Income too high?
Tokai Holdings' current Operating Income is 円18,700 Mil. Overall, Tokai Holdings has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokai Holdings' Operating Income compare to MMM and HON?
Tokai Holdings' Operating Income of 円18,700 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Operating Income depends on the Conglomerates 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 Tokai Holdings and its competitors. Tokai Holdings's current Operating Income is 円18,700 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokai Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tokai Holdings (TSE:3167) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,039.97, compared to a current price of 円1,219.00 — trading 17.2% above its estimated fair value. The current Operating Income is 円18,700 Mil. Tokai Holdings' overall GF Score™ is 78/100 with 6 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 Tokai Holdings (TSE:3167), the current Operating Income is 円18,700 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 Tokai Holdings (TSE:3167) Overvalued in 2026?

Based on GuruFocus' analysis, Tokai Holdings stock appears to be overvalued. The current stock price of 円1,219.00 is trading 17.2% above its estimated GF Value™ of 円1,039.97. GuruFocus considers Tokai Holdings to be Modestly Overvalued.

Key valuation signals for TSE:3167:

  • Operating Income: 円18,700 Mil
  • GF Value™: 円1,039.97 vs. price of 円1,219.00 (17.2% above fair value)
  • GF Score™: 78/100 with 6 warning signs

No single metric tells the full story. See the TSE:3167 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokai Holdings Business Description

Address 2-6-8, Tokiwa-Cho, Aoi-ku, Shizuoka Prefecture, Shizuoka, JPN, 5008828
Tokai Holdings Corp is engaged in miscellaneous business operations. The scope of its activities includes energy, residential real estate and cable television. The energy business relates to the sale of liquefied petroleum gas, liquefied natural gas, oil products, high-pressure gas such as oxygen and nitrogen. The real estate division is responsible for the construction and design of residential buildings and stores. The communication division is engaged in software development, information processing service, optical fiber leasing, data transmission, and the sale of asymmetric digital subscriber line.
78GF Score

Get the complete analysis for TSE:3167

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

円1,219.00
Price
円1,039.97
GF Value