Joyful Honda Co (TSE:3191) Operating Income: 円9,786 Mil (TTM As of Dec. 2025)

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TSE:3191 Joyful Honda Co Ltd TSE:3191
71 GF Score
Price 円2,493.00
GF Value 円2,131.20
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Joyful Honda Co Operating Income?

Joyful Honda Co TSE:3191 -0.72% 71 Operating Income is 円9,786 Mil as of Dec. 2025. GuruFocus rates TSE:3191 with a GF Score™ of 71/100 and a GF Value™ of 円2,131.20 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Joyful Honda Co's Operating Income for the three months ended in Dec. 2025 was 円2,557 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was 円9,786 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Joyful Honda Co's Operating Income for the three months ended in Dec. 2025 was 円2,557 Mil. Joyful Honda Co's Revenue for the three months ended in Dec. 2025 was 円33,763 Mil. Therefore, Joyful Honda Co's Operating Margin % for the quarter that ended in Dec. 2025 was 7.57%.

Good Sign:

Joyful Honda Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Joyful Honda Co's 5-Year average Growth Rate for Operating Margin % was 1.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Joyful Honda Co's annualized ROC % for the quarter that ended in Dec. 2025 was 6.40%. Joyful Honda Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 17.83%.


Joyful Honda Co  (TSE:3191) Operating Income Explanation

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

Joyful Honda Co's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=10228 * ( 1 - 19.93% )/( (125546 + 130419)/ 2 )
=8189.5596/127982.5
=6.40 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Joyful Honda Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=19476/( ( (95167 + max(12638, 0)) + (96852 + max(13820, 0)) )/ 2 )
=19476/( ( 107805 + 110672 )/ 2 )
=19476/109238.5
=17.83 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4386 + 21388 + 3046) - (8468 + 0 + 7714)
=12638

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5342 + 24350 + 3436) - (11617 + 0 + 7691)
=13820

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Joyful Honda Co's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=2557/33763
=7.57 %

* 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.


Joyful Honda Co Operating Income Related Terms


Joyful Honda Co Operating Income Historical Data

* Premium members only.

The historical data trend for Joyful Honda 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.

Joyful Honda Co Operating Income Chart

Joyful Honda Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11,506.00 12,239.00 11,096.00 10,568.00 10,748.00

Joyful Honda Co 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 2,474.00 2,385.00 2,709.00 2,557.00 2,135.00
TSE:3191
71GF Score
Joyful Honda Co Ltd TSE:3191
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Joyful Honda 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円9,786 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9,786 Mil mean?
Joyful Honda Co (TSE:3191) has a Operating Income of 円9,786 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Joyful Honda Co and its competitors.
Is Joyful Honda Co's Operating Income too high?
Joyful Honda Co's current Operating Income is 円9,786 Mil. Overall, Joyful Honda Co has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Joyful Honda Co's Operating Income compare to HD and LOW?
Joyful Honda Co's Operating Income of 円9,786 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 Joyful Honda Co and its competitors. Joyful Honda Co's current Operating Income is 円9,786 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joyful Honda Co stock overvalued right now?
Based on GuruFocus' analysis, Joyful Honda Co (TSE:3191) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,131.20, compared to a current price of 円2,493.00 — trading 17% above its estimated fair value. The current Operating Income is 円9,786 Mil. Joyful Honda Co's overall GF Score™ is 71/100 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 Joyful Honda Co (TSE:3191), the current Operating Income is 円9,786 Mil as of Dec. 2025. 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 Joyful Honda Co (TSE:3191) Overvalued in 2026?

Based on GuruFocus' analysis, Joyful Honda Co stock appears to be overvalued. The current stock price of 円2,493.00 is trading 17% above its estimated GF Value™ of 円2,131.20. GuruFocus considers Joyful Honda Co to be Modestly Overvalued.

Key valuation signals for TSE:3191:

  • Operating Income: 円9,786 Mil
  • GF Value™: 円2,131.20 vs. price of 円2,493.00 (17% above fair value)
  • GF Score™: 71/100 with 4 warning signs

No single metric tells the full story. See the TSE:3191 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Joyful Honda Co Business Description

Address 1-16-2 Fujisaki, Ibaraki Prefecture, Tsuchiura, JPN, 300-0813
Joyful Honda Co Ltd is engaged in the home center retail business. Its business operations are grouped into four divisions: Home Center, Garden Center, Pet Center and Exterior Center. Home Centers supplies timber, building materials, paint, tools, hardware, worker essentials, electrical fittings and other materials for home renovation projects. Garden Centers provides an extensive range of flower seedlings, vegetable seedlings, plants, mulch and other soil for horticulture, fertilizers, plant pots and other gardening supplies. Pet Center offers pet-related products, including pet food, cages, and toys. Exterior Centers provide services from sales to construction.
71GF Score

Get the complete analysis for TSE:3191

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

円2,493.00
Price
円2,131.20
GF Value