LeTech (TSE:3497) Operating Income: 円1,608 Mil (TTM As of Jan. 2025)

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TSE:3497 LeTech Corp TSE:3497
9 GF Score
Price 円1,496.00
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What is LeTech Operating Income?

LeTech TSE:3497 9 Operating Income is 円1,608 Mil as of Jan. 2025. GuruFocus rates TSE:3497 with a GF Score™ of 9/100.

LeTech's Operating Income for the six months ended in Jan. 2025 was 円1,242 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2025 was 円1,608 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. LeTech's Operating Income for the six months ended in Jan. 2025 was 円1,242 Mil. LeTech's Revenue for the six months ended in Jan. 2025 was 円9,946 Mil. Therefore, LeTech's Operating Margin % for the quarter that ended in Jan. 2025 was 12.49%.

LeTech'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. LeTech's annualized ROC % for the quarter that ended in Jan. 2025 was 10.55%. LeTech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2025 was 11.46%.


LeTech  (TSE:3497) Operating Income Explanation

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

LeTech's annualized ROC % for the quarter that ended in Jan. 2025 is calculated as:

ROC % (Q: Jan. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2024 ) + Invested Capital (Q: Jan. 2025 ))/ count )
=2484.084 * ( 1 - 0% )/( (21696.263 + 25397.535)/ 2 )
=2484.084/23546.899
=10.55 %

where

Invested Capital(Q: Jul. 2024 )
=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))
=24530.303 - 261.825 - ( 2572.215 - max(0, 11903.121 - 23119.938+2572.215))
=21696.263

Invested Capital(Q: Jan. 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))
=27562.906 - 245.026 - ( 1920.345 - max(0, 9695.237 - 25438.735+1920.345))
=25397.535

Note: The Operating Income data used here is two times the semi-annual (Jan. 2025) data.

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

LeTech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2024  Q: Jan. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2319.736/( ( (43.593 + max(17504.242, 0)) + (620.724 + max(22332.577, 0)) )/ 2 )
=2319.736/( ( 17547.835 + 22953.301 )/ 2 )
=2319.736/20250.568
=11.46 %

where Working Capital is:

Working Capital(Q: Jul. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(134.922 + 20027.641 + 385.16) - (261.825 + 0 + 2781.656)
=17504.242

Working Capital(Q: Jan. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.803 + 23272.599 + 226.988) - (245.026 + 0 + 940.787)
=22332.577

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jan. 2025) EBIT data.

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

LeTech's Operating Margin % for the quarter that ended in Jan. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2025 )/Revenue (Q: Jan. 2025 )
=1242.042/9945.728
=12.49 %

* 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.


LeTech Operating Income Related Terms


LeTech Operating Income Historical Data

* Premium members only.

The historical data trend for LeTech'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.

LeTech Operating Income Chart

LeTech Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Operating Income
Get a 7-Day Free Trial Premium Member Only 1,780.46 1,223.06 -3,232.43 1,392.50 1,530.71

LeTech Semi-Annual Data
Jul16 Jul17 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25
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 812.34 580.16 1,164.85 365.86 1,242.04
TSE:3497
9GF Score
LeTech Corp TSE:3497
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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LeTech 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円1,608 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1,608 Mil mean?
LeTech (TSE:3497) has a Operating Income of 円1,608 Mil as of Jan. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on LeTech and its competitors.
Is LeTech's Operating Income too high?
LeTech's current Operating Income is 円1,608 Mil. Overall, LeTech has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does LeTech's Operating Income compare to CBRE and CSGP?
LeTech's Operating Income of 円1,608 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 LeTech and its competitors. LeTech's current Operating Income is 円1,608 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LeTech stock overvalued right now?
LeTech (TSE:3497) has a current Operating Income of 円1,608 Mil. The current Operating Income is 円1,608 Mil. LeTech's overall GF Score™ is 9/100. 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 LeTech (TSE:3497), the current Operating Income is 円1,608 Mil as of Jan. 2025. 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.

LeTech Business Description

Address 3-3 Doyama-cho, 10th Floor, Nippon Life Umeda Building, Kita-ku, Osaka-shi, Osaka, JPN, 530-0027
LeTech Corp is engaged in the real estate solutions business, real estate leasing business, real estate consulting business, facility management business, and others.
9GF Score

Get the complete analysis for TSE:3497

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

円1,496.00
Price