Nisso Group Co (TSE:3440) Operating Income: 円484 Mil (TTM As of Feb. 2026)

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TSE:3440 Nisso Group Co Ltd TSE:3440
76 GF Score
Price 円889.00
GF Value 円1,259.80
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Nisso Group Co Operating Income?

Nisso Group Co TSE:3440 -0.22% 76 Operating Income is 円484 Mil as of Feb. 2026. GuruFocus rates TSE:3440 with a GF Score™ of 76/100 and a GF Value™ of 円1,259.80 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Nisso Group Co's Operating Income for the three months ended in Feb. 2026 was 円278 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was 円484 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nisso Group Co's Operating Income for the three months ended in Feb. 2026 was 円278 Mil. Nisso Group Co's Revenue for the three months ended in Feb. 2026 was 円5,076 Mil. Therefore, Nisso Group Co's Operating Margin % for the quarter that ended in Feb. 2026 was 5.48%.

Warning Sign:

Nisso Group Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -5.6%.

Nisso Group Co's 5-Year average Growth Rate for Operating Margin % was -5.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nisso Group Co's annualized ROC % for the quarter that ended in Feb. 2026 was 2.22%. Nisso Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 10.41%.


Nisso Group Co  (TSE:3440) Operating Income Explanation

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

Nisso Group Co'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: Nov. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=1112 * ( 1 - 61.65% )/( (17906 + 20463)/ 2 )
=426.452/19184.5
=2.22 %

where

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

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

Nisso Group Co'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: Nov. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1236/( ( (7266 + max(5094, 0)) + (7332 + max(4065, 0)) )/ 2 )
=1236/( ( 12360 + 11397 )/ 2 )
=1236/11878.5
=10.41 %

where Working Capital is:

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4146 + 2618 + 1529) - (1544 + 0 + 1655)
=5094

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3334 + 2554 + 1414) - (1585 + 0 + 1652)
=4065

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

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

Nisso Group Co'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 )
=278/5076
=5.48 %

* 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.


Nisso Group Co Operating Income Related Terms


Nisso Group Co Operating Income Historical Data

* Premium members only.

The historical data trend for Nisso Group 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.

Nisso Group Co Operating Income Chart

Nisso Group Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 453.74 358.62 312.59 1,280.00 1,388.00

Nisso Group Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 556.00 -30.00 293.00 278.00 -57.00
TSE:3440
76GF Score
Nisso Group Co Ltd TSE:3440
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Nisso Group 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 Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円484 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484 Mil mean?
Nisso Group Co (TSE:3440) has a Operating Income of 円484 Mil as of Feb. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nisso Group Co and its competitors.
Is Nisso Group Co's Operating Income too high?
Nisso Group Co's current Operating Income is 円484 Mil. Overall, Nisso Group Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nisso Group Co's Operating Income compare to MMM and HON?
Nisso Group Co's Operating Income of 円484 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 Nisso Group Co and its competitors. Nisso Group Co's current Operating Income is 円484 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nisso Group Co stock overvalued right now?
Based on GuruFocus' analysis, Nisso Group Co (TSE:3440) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,259.80, compared to a current price of 円889.00 — trading 29.4% below its estimated fair value. The current Operating Income is 円484 Mil. Nisso Group Co's overall GF Score™ is 76/100 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 Nisso Group Co (TSE:3440), the current Operating Income is 円484 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 Nisso Group Co (TSE:3440) Overvalued in 2026?

Based on GuruFocus' analysis, Nisso Group Co stock appears to be undervalued. The current stock price of 円889.00 is trading 29.4% below its estimated GF Value™ of 円1,259.80. GuruFocus considers Nisso Group Co to be Modestly Undervalued.

Key valuation signals for TSE:3440:

  • Operating Income: 円484 Mil
  • GF Value™: 円1,259.80 vs. price of 円889.00 (29.4% below fair value)
  • GF Score™: 76/100 with 6 warning signs

No single metric tells the full story. See the TSE:3440 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nisso Group Co Business Description

Address 2-10-25 Mukai, Minami-ku, Fukuoka Prefecture, Fukuoka City, JPN, 815-0035
Nisso Group Co Ltd is a holding company. Through its subsidiary, the group operates in metal processing, Chemical products, construction, Tile processing, wood processing, and EC site management and system development.
76GF Score

Get the complete analysis for TSE:3440

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

円889.00
Price
円1,259.80
GF Value