SLD Entertainment (TSE:3223) Operating Income: 円126 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:3223 SLD Entertainment Inc TSE:3223
59 GF Score
Price 円916.00
GF Value 円1,024.98
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is SLD Entertainment Operating Income?

SLD Entertainment TSE:3223 +0.55% 59 Operating Income is 円126 Mil as of Feb. 2026. GuruFocus rates TSE:3223 with a GF Score™ of 59/100 and a GF Value™ of 円1,024.98 (Modestly Undervalued). The stock has 2 warning signs investors should review.

SLD Entertainment's Operating Income for the six months ended in Feb. 2026 was 円37 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was 円126 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. SLD Entertainment's Operating Income for the six months ended in Feb. 2026 was 円37 Mil. SLD Entertainment's Revenue for the six months ended in Feb. 2026 was 円1,794 Mil. Therefore, SLD Entertainment's Operating Margin % for the quarter that ended in Feb. 2026 was 2.04%.

SLD Entertainment's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SLD Entertainment's annualized ROC % for the quarter that ended in Feb. 2026 was 2.52%. SLD Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 53.95%.


SLD Entertainment  (TSE:3223) Operating Income Explanation

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

SLD Entertainment'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: Aug. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=73.132 * ( 1 - 77.75% )/( (691.101 + 601.941)/ 2 )
=16.27187/646.521
=2.52 %

where

Invested Capital(Q: Aug. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1198.929 - 252.676 - ( 328.955 - max(0, 563.326 - 818.478+328.955))
=691.101

Invested Capital(Q: Feb. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1007.252 - 180.918 - ( 224.393 - max(0, 368.093 - 646.27+224.393))
=601.941

Note: The Operating Income data used here is two times the semi-annual (Feb. 2026) data.

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

SLD Entertainment'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: Aug. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=46.576/( ( (74.561 + max(-71.833, 0)) + (68.396 + max(29.691, 0)) )/ 2 )
=46.576/( ( 74.561 + 98.087 )/ 2 )
=46.576/86.324
=53.95 %

where Working Capital is:

Working Capital(Q: Aug. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(347.361 + 17.087 + 77.045) - (252.676 + 0 + 260.65)
=-71.833

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(296.207 + 24.231 + 77.346) - (180.918 + 0 + 187.175)
=29.691

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2026) EBIT data.

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

SLD Entertainment'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 )
=36.566/1794.464
=2.04 %

* 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.


SLD Entertainment Operating Income Related Terms


SLD Entertainment Operating Income Historical Data

* Premium members only.

The historical data trend for SLD Entertainment'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.

SLD Entertainment Operating Income Chart

SLD Entertainment Annual Data
Trend Mar17 Mar18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -685.86 -259.61 133.57 144.44 126.07

SLD Entertainment Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 49.80 98.68 45.76 89.51 36.57
TSE:3223
59GF Score
SLD Entertainment Inc TSE:3223
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SLD Entertainment 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 semi-annually data reported by the company within the most recent 12 months, which was 円126 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126 Mil mean?
SLD Entertainment (TSE:3223) has a Operating Income of 円126 Mil as of Feb. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on SLD Entertainment and its competitors.
Is SLD Entertainment's Operating Income too high?
SLD Entertainment's current Operating Income is 円126 Mil. Overall, SLD Entertainment has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SLD Entertainment's Operating Income compare to MCD and SBUX?
SLD Entertainment's Operating Income of 円126 Mil can be compared against companies in the Restaurants 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 Restaurants company?
A good Operating Income depends on the Restaurants 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 SLD Entertainment and its competitors. SLD Entertainment's current Operating Income is 円126 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SLD Entertainment stock overvalued right now?
Based on GuruFocus' analysis, SLD Entertainment (TSE:3223) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,024.98, compared to a current price of 円916.00 — trading 10.6% below its estimated fair value. The current Operating Income is 円126 Mil. SLD Entertainment's overall GF Score™ is 59/100 with 2 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 SLD Entertainment (TSE:3223), the current Operating Income is 円126 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 SLD Entertainment (TSE:3223) Overvalued in 2026?

Based on GuruFocus' analysis, SLD Entertainment stock appears to be undervalued. The current stock price of 円916.00 is trading 10.6% below its estimated GF Value™ of 円1,024.98. GuruFocus considers SLD Entertainment to be Modestly Undervalued.

Key valuation signals for TSE:3223:

  • Operating Income: 円126 Mil
  • GF Value™: 円1,024.98 vs. price of 円916.00 (10.6% below fair value)
  • GF Score™: 59/100 with 2 warning signs

No single metric tells the full story. See the TSE:3223 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SLD Entertainment Business Description

Address 4-1-23 Shiba, 18th Floor, Mita NN Building, Minato-ku, Tokyo, JPN, 108-0014
SLD Entertainment Inc operates a chain of restaurants. It operates a dining cafe under the Kawara CAFE & DINING brand name and food and beverage outlets under the LOOP brand name. Geographically, the activities are carried out in the region of Japan.
59GF Score

Get the complete analysis for TSE:3223

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

円916.00
Price
円1,024.98
GF Value