SCAT (TSE:3974) Operating Income: 円199 Mil (TTM As of Apr. 2026)

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TSE:3974 SCAT Inc TSE:3974
86 GF Score
Price 円672.00
GF Value 円472.92
Valuation Significantly Overvalued
! 6 Warning Signs
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What is SCAT Operating Income?

SCAT TSE:3974 +0.90% 86 Operating Income is 円199 Mil as of Apr. 2026. GuruFocus rates TSE:3974 with a GF Score™ of 86/100 and a GF Value™ of 円472.92 (Significantly Overvalued). The stock has 6 warning signs investors should review.

SCAT's Operating Income for the six months ended in Apr. 2026 was 円99 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was 円199 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. SCAT's Operating Income for the six months ended in Apr. 2026 was 円99 Mil. SCAT's Revenue for the six months ended in Apr. 2026 was 円1,322 Mil. Therefore, SCAT's Operating Margin % for the quarter that ended in Apr. 2026 was 7.50%.

Good Sign:

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

SCAT's 5-Year average Growth Rate for Operating Margin % was 2.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SCAT's annualized ROC % for the quarter that ended in Apr. 2026 was 7.13%. SCAT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 23.13%.


SCAT  (TSE:3974) Operating Income Explanation

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

SCAT's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=198.328 * ( 1 - 36.8% )/( (1780.596 + 1736.14)/ 2 )
=125.343296/1758.368
=7.13 %

where

Invested Capital(Q: Oct. 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))
=3035.878 - 122.138 - ( 1240.234 - max(0, 482.803 - 1615.947+1240.234))
=1780.596

Invested Capital(Q: Apr. 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))
=3016.263 - 92.019 - ( 1240.506 - max(0, 419.17 - 1607.274+1240.506))
=1736.14

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

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

SCAT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=210.05/( ( (911.121 + max(-45.41, 0)) + (895.736 + max(9.2779999999997, 0)) )/ 2 )
=210.05/( ( 911.121 + 905.014 )/ 2 )
=210.05/908.0675
=23.13 %

where Working Capital is:

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(259.27 + 59.269 + 57.174) - (122.138 + 0 + 298.985)
=-45.41

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(243.287 + 26.938 + 96.543) - (92.019 + 0 + 265.471)
=9.2779999999997

When net working capital is negative, 0 is used.

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

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

SCAT's Operating Margin % for the quarter that ended in Apr. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2026 )/Revenue (Q: Apr. 2026 )
=99.164/1321.622
=7.50 %

* 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.


SCAT Operating Income Related Terms


SCAT Operating Income Historical Data

* Premium members only.

The historical data trend for SCAT'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.

SCAT Operating Income Chart

SCAT Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 180.89 224.16 227.87 147.81 193.04

SCAT Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 123.46 24.35 93.09 99.96 99.16
TSE:3974
86GF Score
SCAT Inc TSE:3974
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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SCAT 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 Apr. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円199 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199 Mil mean?
SCAT (TSE:3974) has a Operating Income of 円199 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on SCAT and its competitors.
Is SCAT's Operating Income too high?
SCAT's current Operating Income is 円199 Mil. Overall, SCAT has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SCAT's Operating Income compare to IBM and ACN?
SCAT's Operating Income of 円199 Mil can be compared against companies in the Software 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 Software company?
A good Operating Income depends on the Software 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 SCAT and its competitors. SCAT's current Operating Income is 円199 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SCAT stock overvalued right now?
Based on GuruFocus' analysis, SCAT (TSE:3974) is currently considered Significantly Overvalued. The stock's GF Value™ is 円472.92, compared to a current price of 円672.00 — trading 42.1% above its estimated fair value. The current Operating Income is 円199 Mil. SCAT's overall GF Score™ is 86/100 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 SCAT (TSE:3974), the current Operating Income is 円199 Mil as of Apr. 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 SCAT (TSE:3974) Overvalued in 2026?

Based on GuruFocus' analysis, SCAT stock appears to be overvalued. The current stock price of 円672.00 is trading 42.1% above its estimated GF Value™ of 円472.92. GuruFocus considers SCAT to be Significantly Overvalued.

Key valuation signals for TSE:3974:

  • Operating Income: 円199 Mil
  • GF Value™: 円472.92 vs. price of 円672.00 (42.1% above fair value)
  • GF Score™: 86/100 with 6 warning signs

No single metric tells the full story. See the TSE:3974 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SCAT Business Description

Address 1-2-1 Shibaura, Minato-ku, 2nd Floor, Tokyo, JPN
SCAT Inc provides IT services and solutions for beauty salons. It provides business service for SME. It is also involved in the planning and operation of pay nursing home with nursing care.
86GF Score

Get the complete analysis for TSE:3974

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

円672.00
Price
円472.92
GF Value