Mitsui Fudosan Logistics Park (TSE:3471) Operating Income: 円9,732 Mil (TTM As of Jan. 2026)

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TSE:3471 Mitsui Fudosan Logistics Park Inc TSE:3471
55 GF Score
Price 円106,200.00
GF Value 円114,324.17
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Mitsui Fudosan Logistics Park Operating Income?

Mitsui Fudosan Logistics Park TSE:3471 -0.47% 55 Operating Income is 円9,732 Mil as of Jan. 2026. GuruFocus rates TSE:3471 with a GF Score™ of 55/100 and a GF Value™ of 円114,324.17 (Fairly Valued). The stock has 6 warning signs investors should review.

Mitsui Fudosan Logistics Park's Operating Income for the six months ended in Jan. 2026 was 円9,732 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was 円9,732 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mitsui Fudosan Logistics Park's Operating Income for the six months ended in Jan. 2026 was 円9,732 Mil. Mitsui Fudosan Logistics Park's Revenue for the six months ended in Jan. 2026 was 円19,738 Mil. Therefore, Mitsui Fudosan Logistics Park's Operating Margin % for the quarter that ended in Jan. 2026 was 49.30%.

Mitsui Fudosan Logistics Park'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. Mitsui Fudosan Logistics Park's annualized ROC % for the quarter that ended in Jan. 2026 was 3.58%. Mitsui Fudosan Logistics Park's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 3.68%.


Mitsui Fudosan Logistics Park  (TSE:3471) Operating Income Explanation

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

Mitsui Fudosan Logistics Park's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=19463.438 * ( 1 - 0.01% )/( (560555.526 + 526825.312)/ 2 )
=19461.4916562/543690.419
=3.58 %

where

Invested Capital(Q: Jul. 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))
=565163.908 - 3866.026 - ( 13705.411 - max(0, 25076.646 - 25819.002+13705.411))
=560555.526

Invested Capital(Q: Jan. 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))
=551703.362 - 4821.579 - ( 25844.703 - max(0, 18963.303 - 39019.774+25844.703))
=526825.312

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

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

Mitsui Fudosan Logistics Park's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=19491.738/( ( (536764.391 + max(5536.945, 0)) + (510147.227 + max(5711.768, 0)) )/ 2 )
=19491.738/( ( 542301.336 + 515858.995 )/ 2 )
=19491.738/529080.1655
=3.68 %

where Working Capital is:

Working Capital(Q: Jul. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(491.817 + 0 + 11621.774) - (3866.026 + 0 + 2710.62)
=5536.945

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(908.375 + 0 + 12266.696) - (4821.579 + 0 + 2641.724)
=5711.768

When net working capital is negative, 0 is used.

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

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

Mitsui Fudosan Logistics Park's Operating Margin % for the quarter that ended in Jan. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=9731.719/19737.805
=49.30 %

* 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.


Mitsui Fudosan Logistics Park Operating Income Related Terms


Mitsui Fudosan Logistics Park Operating Income Historical Data

* Premium members only.

The historical data trend for Mitsui Fudosan Logistics Park'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.

Mitsui Fudosan Logistics Park Operating Income Chart

Mitsui Fudosan Logistics Park Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,721.18 8,430.88 9,109.26 9,678.18 0.00

Mitsui Fudosan Logistics Park Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jul25 Jan26
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 4,604.32 4,738.84 4,939.34 0.00 9,731.72
TSE:3471
55GF Score
Mitsui Fudosan Logistics Park Inc TSE:3471
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Mitsui Fudosan Logistics Park 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 Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円9,732 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9,732 Mil mean?
Mitsui Fudosan Logistics Park (TSE:3471) has a Operating Income of 円9,732 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Mitsui Fudosan Logistics Park and its competitors.
Is Mitsui Fudosan Logistics Park's Operating Income too high?
Mitsui Fudosan Logistics Park's current Operating Income is 円9,732 Mil. Overall, Mitsui Fudosan Logistics Park has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mitsui Fudosan Logistics Park's Operating Income compare to VICI and WPC?
Mitsui Fudosan Logistics Park's Operating Income of 円9,732 Mil can be compared against companies in the REITs 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 REITs company?
A good Operating Income depends on the REITs 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 Mitsui Fudosan Logistics Park and its competitors. Mitsui Fudosan Logistics Park's current Operating Income is 円9,732 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsui Fudosan Logistics Park stock overvalued right now?
Based on GuruFocus' analysis, Mitsui Fudosan Logistics Park (TSE:3471) is currently considered Fairly Valued. The stock's GF Value™ is 円114,324.17, compared to a current price of 円106,200.00 — trading 7.1% below its estimated fair value. The current Operating Income is 円9,732 Mil. Mitsui Fudosan Logistics Park's overall GF Score™ is 55/100 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 Mitsui Fudosan Logistics Park (TSE:3471), the current Operating Income is 円9,732 Mil as of Jan. 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 Mitsui Fudosan Logistics Park (TSE:3471) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsui Fudosan Logistics Park stock appears to be undervalued. The current stock price of 円106,200.00 is trading 7.1% below its estimated GF Value™ of 円114,324.17. GuruFocus considers Mitsui Fudosan Logistics Park to be Fairly Valued.

Key valuation signals for TSE:3471:

  • Operating Income: 円9,732 Mil
  • GF Value™: 円114,324.17 vs. price of 円106,200.00 (7.1% below fair value)
  • GF Score™: 55/100 with 6 warning signs

No single metric tells the full story. See the TSE:3471 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsui Fudosan Logistics Park Business Description

Industry Real EstateREITs
Address 8-7, Ginza 6-chome, Chuo-ku, Tokyo, JPN, 104-0061
Mitsui Fudosan Logistics Park Inc is a real estate investment trust company. It is involved in the businesses of office buildings, retail properties, housing, hotels and resorts, real estate solutions, logistics facilities and venture co-creation. Its assets and projects are located in Hokkaido, Kanto, Kinki, Tohoku, Tokai, Kyushu, Hokuriku, and Chugoku in Japan.
55GF Score

Get the complete analysis for TSE:3471

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

円106,200.00
Price
円114,324.17
GF Value