Early Age Co (TSE:3248) Operating Income: 円475 Mil (TTM As of Apr. 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:3248 Early Age Co Ltd TSE:3248
59 GF Score
Price 円881.00
GF Value 円727.57
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Early Age Co Operating Income?

Early Age Co TSE:3248 -0.79% 59 Operating Income is 円475 Mil as of Apr. 2026. GuruFocus rates TSE:3248 with a GF Score™ of 59/100 and a GF Value™ of 円727.57 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Early Age Co's Operating Income for the six months ended in Apr. 2026 was 円316 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was 円475 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Early Age Co's Operating Income for the six months ended in Apr. 2026 was 円316 Mil. Early Age Co's Revenue for the six months ended in Apr. 2026 was 円1,667 Mil. Therefore, Early Age Co's Operating Margin % for the quarter that ended in Apr. 2026 was 18.93%.

Good Sign:

Early Age Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Early Age Co's 5-Year average Growth Rate for Operating Margin % was 3.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Early Age Co's annualized ROC % for the quarter that ended in Apr. 2026 was 2.85%. Early Age Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 4.91%.


Early Age Co  (TSE:3248) Operating Income Explanation

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

Early Age Co's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=631.176 * ( 1 - 33.4% )/( (14627.401 + 14897.024)/ 2 )
=420.363216/14762.2125
=2.85 %

where

Invested Capital(Q: Oct. 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))
=15186.478 - 97.993 - ( 1313.321 - max(0, 1557.255 - 2018.339+1313.321))
=14627.401

Invested Capital(Q: Apr. 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))
=15623.467 - 125.706 - ( 1328.663 - max(0, 1188.949 - 1789.686+1328.663))
=14897.024

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

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

Early Age Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=646.646/( ( (12681.957 + max(325.992, 0)) + (13255.805 + max(58.03, 0)) )/ 2 )
=646.646/( ( 13007.949 + 13313.835 )/ 2 )
=646.646/13160.892
=4.91 %

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)
=(30.386 + 561.025 + 113.607) - (97.993 + 0 + 281.033)
=325.992

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(26.079 + 362.77 + 72.174) - (125.706 + 0 + 277.287)
=58.03

When net working capital is negative, 0 is used.

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

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

Early Age Co's Operating Margin % for the quarter that ended in Apr. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2026 )/Revenue (Q: Apr. 2026 )
=315.588/1666.906
=18.93 %

* 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.


Early Age Co Operating Income Related Terms


Early Age Co Operating Income Historical Data

* Premium members only.

The historical data trend for Early Age 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.

Early Age Co Operating Income Chart

Early Age Co Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 451.30 628.54 548.45 890.59 506.54

Early Age Co Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 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 748.17 142.43 346.85 159.69 315.59
TSE:3248
59GF Score
Early Age Co Ltd TSE:3248
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Early Age 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 Apr. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円475 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475 Mil mean?
Early Age Co (TSE:3248) has a Operating Income of 円475 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Early Age Co and its competitors.
Is Early Age Co's Operating Income too high?
Early Age Co's current Operating Income is 円475 Mil. Overall, Early Age Co has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Early Age Co's Operating Income compare to competitors?
Early Age Co's Operating Income of 円475 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 Early Age Co and its competitors. Early Age Co's current Operating Income is 円475 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Early Age Co stock overvalued right now?
Based on GuruFocus' analysis, Early Age Co (TSE:3248) is currently considered Modestly Overvalued. The stock's GF Value™ is 円727.57, compared to a current price of 円881.00 — trading 21.1% above its estimated fair value. The current Operating Income is 円475 Mil. Early Age Co's overall GF Score™ is 59/100 with 8 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 Early Age Co (TSE:3248), the current Operating Income is 円475 Mil as of Apr. 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 Early Age Co (TSE:3248) Overvalued in 2026?

Based on GuruFocus' analysis, Early Age Co stock appears to be overvalued. The current stock price of 円881.00 is trading 21.1% above its estimated GF Value™ of 円727.57. GuruFocus considers Early Age Co to be Modestly Overvalued.

Key valuation signals for TSE:3248:

  • Operating Income: 円475 Mil
  • GF Value™: 円727.57 vs. price of 円881.00 (21.1% above fair value)
  • GF Score™: 59/100 with 8 warning signs

No single metric tells the full story. See the TSE:3248 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Early Age Co Business Description

Address 2-11-7 Akasaka, Akasaka 5th floor twin towers new building, Minato-ku, Tokyo, JPN, 107-0052
Early Age Co Ltd is engaged in real estate business. The business of the company includes planning and developing condominiums, and leasing intermediary services for residential real estate, shops, and offices.
59GF Score

Get the complete analysis for TSE:3248

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

円881.00
Price
円727.57
GF Value