Vega Co (TSE:3542) Operating Income: 円1,353 Mil (TTM As of Mar. 2026)

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TSE:3542 Vega Corp Co Ltd TSE:3542
60 GF Score
Price 円1,397.00
GF Value 円898.41
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Vega Co Operating Income?

Vega Co TSE:3542 -3.05% 60 Operating Income is 円1,353 Mil as of Mar. 2026. GuruFocus rates TSE:3542 with a GF Score™ of 60/100 and a GF Value™ of 円898.41 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Vega Co's Operating Income for the six months ended in Mar. 2026 was 円910 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,353 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Vega Co's Operating Income for the six months ended in Mar. 2026 was 円910 Mil. Vega Co's Revenue for the six months ended in Mar. 2026 was 円9,840 Mil. Therefore, Vega Co's Operating Margin % for the quarter that ended in Mar. 2026 was 9.25%.

Good Sign:

Vega Corp Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Vega Co's 5-Year average Growth Rate for Operating Margin % was 3.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vega Co's annualized ROC % for the quarter that ended in Mar. 2026 was 22.08%. Vega Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 47.38%.


Vega Co  (TSE:3542) Operating Income Explanation

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

Vega Co'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1820.2 * ( 1 - 31.83% )/( (5413.858 + 5824.66)/ 2 )
=1240.83034/5619.259
=22.08 %

where

Invested Capital(Q: Sep. 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))
=8324.666 - 1212.703 - ( 1698.105 - max(0, 1582.705 - 6394.292+1698.105))
=5413.858

Invested Capital(Q: Mar. 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))
=9392.758 - 1666.488 - ( 1901.61 - max(0, 1986.789 - 7180.678+1901.61))
=5824.66

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

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

Vega Co'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1820.2/( ( (563.488 + max(3113.482, 0)) + (714.824 + max(3292.279, 0)) )/ 2 )
=1820.2/( ( 3676.97 + 4007.103 )/ 2 )
=1820.2/3842.0365
=47.38 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1279.207 + 2944.646 + 472.334) - (1212.703 + 0 + 370.002)
=3113.482

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2197.504 + 2522.151 + 559.413) - (1666.488 + 0 + 320.301)
=3292.279

When net working capital is negative, 0 is used.

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

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

Vega Co'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 )
=910.1/9840.039
=9.25 %

* 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.


Vega Co Operating Income Related Terms


Vega Co Operating Income Historical Data

* Premium members only.

The historical data trend for Vega 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.

Vega Co Operating Income Chart

Vega Co 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 596.06 338.30 771.79 926.60 1,353.20

Vega Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 743.93 294.94 631.66 443.10 910.10
TSE:3542
60GF Score
Vega Corp Co Ltd TSE:3542
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vega 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 Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円1,353 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1,353 Mil mean?
Vega Co (TSE:3542) has a Operating Income of 円1,353 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Vega Co and its competitors.
Is Vega Co's Operating Income too high?
Vega Co's current Operating Income is 円1,353 Mil. Overall, Vega Co has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vega Co's Operating Income compare to AMZN and BABA?
Vega Co's Operating Income of 円1,353 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical 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 Vega Co and its competitors. Vega Co's current Operating Income is 円1,353 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vega Co stock overvalued right now?
Based on GuruFocus' analysis, Vega Co (TSE:3542) is currently considered Significantly Overvalued. The stock's GF Value™ is 円898.41, compared to a current price of 円1,397.00 — trading 55.5% above its estimated fair value. The current Operating Income is 円1,353 Mil. Vega Co's overall GF Score™ is 60/100 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 Vega Co (TSE:3542), the current Operating Income is 円1,353 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 Vega Co (TSE:3542) Overvalued in 2026?

Based on GuruFocus' analysis, Vega Co stock appears to be overvalued. The current stock price of 円1,397.00 is trading 55.5% above its estimated GF Value™ of 円898.41. GuruFocus considers Vega Co to be Significantly Overvalued.

Key valuation signals for TSE:3542:

  • Operating Income: 円1,353 Mil
  • GF Value™: 円898.41 vs. price of 円1,397.00 (55.5% above fair value)
  • GF Score™: 60/100 with 2 warning signs

No single metric tells the full story. See the TSE:3542 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vega Co Business Description

Address 7-20 Gionmachi, 4th Floor, Hakata Gion Center Place, Hakata-ku, Fukuoka, JPN, 812-0038
Vega Corp Co Ltd operates EC platform focused on lifestyle furniture, interior products, and sundries. The company sells furniture and interior products. It is engaged in the provision of Internet mail-order businesses of furniture and interior, and operation of a international e-commerce (EC) site targeted for cross-border market. The E-commerce platform is engaged in purchasing and sale of sofas, chairs and beds.
60GF Score

Get the complete analysis for TSE:3542

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

円1,397.00
Price
円898.41
GF Value