Kawada Technologies (TSE:3443) Operating Income: 円8,598 Mil (TTM As of Mar. 2026)

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TSE:3443 Kawada Technologies Inc TSE:3443
74 GF Score
Price 円1,297.00
GF Value 円848.49
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Kawada Technologies Operating Income?

Kawada Technologies TSE:3443 +0.23% 74 Operating Income is 円8,598 Mil as of Mar. 2026. GuruFocus rates TSE:3443 with a GF Score™ of 74/100 and a GF Value™ of 円848.49 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Kawada Technologies's Operating Income for the three months ended in Mar. 2026 was 円4,263 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円8,598 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kawada Technologies's Operating Income for the three months ended in Mar. 2026 was 円4,263 Mil. Kawada Technologies's Revenue for the three months ended in Mar. 2026 was 円31,550 Mil. Therefore, Kawada Technologies's Operating Margin % for the quarter that ended in Mar. 2026 was 13.51%.

Good Sign:

Kawada Technologies Inc operating margin is expanding. Margin expansion is usually a good sign.

Kawada Technologies's 5-Year average Growth Rate for Operating Margin % was 9.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kawada Technologies's annualized ROC % for the quarter that ended in Mar. 2026 was 10.59%. Kawada Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 43.14%.


Kawada Technologies  (TSE:3443) Operating Income Explanation

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

Kawada Technologies'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 )
=17052 * ( 1 - 18.13% )/( (131755 + 131869)/ 2 )
=13960.4724/131812
=10.59 %

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:

Kawada Technologies'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 )
=23328/( ( (27420 + max(30156, 0)) + (26797 + max(23788, 0)) )/ 2 )
=23328/( ( 57576 + 50585 )/ 2 )
=23328/54080.5
=43.14 %

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)
=(61937 + 1731 + 4424) - (15135 + 0 + 22801)
=30156

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(57333 + 1390 + 6193) - (13554 + 0 + 27574)
=23788

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 %:

Kawada Technologies'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 )
=4263/31550
=13.51 %

* 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.


Kawada Technologies Operating Income Related Terms


Kawada Technologies Operating Income Historical Data

* Premium members only.

The historical data trend for Kawada Technologies'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.

Kawada Technologies Operating Income Chart

Kawada Technologies 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 6,413.00 5,026.00 8,734.00 9,685.00 8,598.00

Kawada Technologies 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 1,226.00 1,080.00 2,092.00 1,163.00 4,263.00
TSE:3443
74GF Score
Kawada Technologies Inc TSE:3443
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Kawada Technologies 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8,598 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8,598 Mil mean?
Kawada Technologies (TSE:3443) has a Operating Income of 円8,598 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Kawada Technologies and its competitors.
Is Kawada Technologies' Operating Income too high?
Kawada Technologies' current Operating Income is 円8,598 Mil. Overall, Kawada Technologies has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kawada Technologies' Operating Income compare to PWR and FIX?
Kawada Technologies' Operating Income of 円8,598 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 Kawada Technologies and its competitors. Kawada Technologies's current Operating Income is 円8,598 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kawada Technologies stock overvalued right now?
Based on GuruFocus' analysis, Kawada Technologies (TSE:3443) is currently considered Significantly Overvalued. The stock's GF Value™ is 円848.49, compared to a current price of 円1,297.00 — trading 52.9% above its estimated fair value. The current Operating Income is 円8,598 Mil. Kawada Technologies' overall GF Score™ is 74/100 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 Kawada Technologies (TSE:3443), the current Operating Income is 円8,598 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 Kawada Technologies (TSE:3443) Overvalued in 2026?

Based on GuruFocus' analysis, Kawada Technologies stock appears to be overvalued. The current stock price of 円1,297.00 is trading 52.9% above its estimated GF Value™ of 円848.49. GuruFocus considers Kawada Technologies to be Significantly Overvalued.

Key valuation signals for TSE:3443:

  • Operating Income: 円8,598 Mil
  • GF Value™: 円848.49 vs. price of 円1,297.00 (52.9% above fair value)
  • GF Score™: 74/100 with 2 warning signs

No single metric tells the full story. See the TSE:3443 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kawada Technologies Business Description

Address 1-3-11 Takinogawa, Kita-ku, Tokyo, JPN, 114-8563
Kawada Technologies Inc is a construction company. The company is involved in the design, manufacture, erection and installation of construction steel, the general architecture and system architecture, management of the group companies engaged in civil engineering and construction-related software development, such as business planning and management.
74GF Score

Get the complete analysis for TSE:3443

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

円1,297.00
Price
円848.49
GF Value