Medical Data Vision Co (TSE:3902) Operating Income: 円349 Mil (TTM As of Dec. 2025)

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TSE:3902 Medical Data Vision Co Ltd TSE:3902
56 GF Score
Price 円1,684.00
GF Value 円657.61
! 7 Warning Signs
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What is Medical Data Vision Co Operating Income?

Medical Data Vision Co TSE:3902 56 Operating Income is 円349 Mil as of Dec. 2025. GuruFocus rates TSE:3902 with a GF Score™ of 56/100 and a GF Value™ of 円657.61. The stock has 7 warning signs investors should review.

Medical Data Vision Co's Operating Income for the six months ended in Dec. 2025 was 円355 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was 円349 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Medical Data Vision Co's Operating Income for the six months ended in Dec. 2025 was 円355 Mil. Medical Data Vision Co's Revenue for the six months ended in Dec. 2025 was 円3,505 Mil. Therefore, Medical Data Vision Co's Operating Margin % for the quarter that ended in Dec. 2025 was 10.12%.

Warning Sign:

Medical Data Vision Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -52.7%.

Medical Data Vision Co's 5-Year average Growth Rate for Operating Margin % was -52.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Medical Data Vision Co's annualized ROC % for the quarter that ended in Dec. 2025 was 25.92%. Medical Data Vision Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 278.04%.


Medical Data Vision Co  (TSE:3902) Operating Income Explanation

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

Medical Data Vision Co's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=709.004 * ( 1 - 0% )/( (3005.15 + 2465.306)/ 2 )
=709.004/2735.228
=25.92 %

where

Invested Capital(Q: Jun. 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))
=4628.573 - 163.523 - ( 1832.619 - max(0, 1640.125 - 3100.025+1832.619))
=3005.15

Invested Capital(Q: Dec. 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))
=4778.436 - 599.914 - ( 1713.216 - max(0, 1510.544 - 3356.368+1713.216))
=2465.306

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

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

Medical Data Vision Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=709.004/( ( (218.791 + max(-372.719, 0)) + (243.856 + max(47.348, 0)) )/ 2 )
=709.004/( ( 218.791 + 291.204 )/ 2 )
=709.004/254.9975
=278.04 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(721.57 + 22.65 + 523.186) - (163.523 + 0 + 1476.602)
=-372.719

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1049.896 + 20.496 + 487.5) - (599.914 + 0 + 910.63)
=47.348

When net working capital is negative, 0 is used.

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

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

Medical Data Vision Co's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=354.502/3504.549
=10.12 %

* 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.


Medical Data Vision Co Operating Income Related Terms


Medical Data Vision Co Operating Income Historical Data

* Premium members only.

The historical data trend for Medical Data Vision 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.

Medical Data Vision Co Operating Income Chart

Medical Data Vision Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,594.22 1,758.05 1,770.92 3.77 349.46

Medical Data Vision Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1,051.35 26.94 -23.17 -5.04 354.50
TSE:3902
56GF Score
Medical Data Vision Co Ltd TSE:3902
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Medical Data Vision 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円349 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349 Mil mean?
Medical Data Vision Co (TSE:3902) has a Operating Income of 円349 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Medical Data Vision Co and its competitors.
Is Medical Data Vision Co's Operating Income too high?
Medical Data Vision Co's current Operating Income is 円349 Mil. Overall, Medical Data Vision Co has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Medical Data Vision Co's Operating Income compare to VEEV and TEM?
Medical Data Vision Co's Operating Income of 円349 Mil can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Operating Income depends on the Healthcare Providers & Services 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 Medical Data Vision Co and its competitors. Medical Data Vision Co's current Operating Income is 円349 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medical Data Vision Co stock overvalued right now?
Medical Data Vision Co (TSE:3902) has a current Operating Income of 円349 Mil. The stock's GF Value™ is 円657.61, compared to a current price of 円1,684.00 — trading 156.1% above its estimated fair value. The current Operating Income is 円349 Mil. Medical Data Vision Co's overall GF Score™ is 56/100 with 7 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 Medical Data Vision Co (TSE:3902), the current Operating Income is 円349 Mil as of Dec. 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.

Is Medical Data Vision Co (TSE:3902) Overvalued in 2026?

Based on GuruFocus' analysis, Medical Data Vision Co stock appears to be overvalued. The current stock price of 円1,684.00 is trading 156.1% above its estimated GF Value™ of 円657.61.

Key valuation signals for TSE:3902:

  • Operating Income: 円349 Mil
  • GF Value™: 円657.61 vs. price of 円1,684.00 (156.1% above fair value)
  • GF Score™: 56/100 with 7 warning signs

No single metric tells the full story. See the TSE:3902 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Medical Data Vision Co Business Description

Address 7, Kandamitoshirocho, Chiyoda-ku, Tokyo, JPN, 101-0053
Medical Data Vision Co Ltd provides health information services. The company is engaged in Development, production, sales, Maintenance work of medical information integration system, Analysis, survey and consulting of various medical data, Planning, design, development, and operation of the portal site. Its products include Calteco that allows patients to store and view a part of clinical information themselves and CADA payment service such as medical expenses postpay service that patients can freely set payment terms. Medical Code is a system that utilizes standard format data such as hospitalized outpatient EF and electronic reception data in DPC format to support solving various management problems and other related products.
56GF Score

Get the complete analysis for TSE:3902

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

円1,684.00
Price
円657.61
GF Value