AsiaQuest Co (TSE:4261) Operating Income: 円439 Mil (TTM As of Dec. 2025)

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TSE:4261 AsiaQuest Co Ltd TSE:4261
80 GF Score
Price 円3,155.00
GF Value 円3,659.09
Valuation Modestly Undervalued
! 1 Warning Sign
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What is AsiaQuest Co Operating Income?

AsiaQuest Co TSE:4261 -0.63% 80 Operating Income is 円439 Mil as of Dec. 2025. GuruFocus rates TSE:4261 with a GF Score™ of 80/100 and a GF Value™ of 円3,659.09 (Modestly Undervalued). The stock has 1 warning sign investors should review.

AsiaQuest Co's Operating Income for the six months ended in Dec. 2025 was 円225 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was 円439 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. AsiaQuest Co's Operating Income for the six months ended in Dec. 2025 was 円225 Mil. AsiaQuest Co's Revenue for the six months ended in Dec. 2025 was 円2,506 Mil. Therefore, AsiaQuest Co's Operating Margin % for the quarter that ended in Dec. 2025 was 8.98%.

Good Sign:

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

AsiaQuest Co's 5-Year average Growth Rate for Operating Margin % was 4.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AsiaQuest Co's annualized ROC % for the quarter that ended in Dec. 2025 was 27.37%. AsiaQuest Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 94.74%.


AsiaQuest Co  (TSE:4261) Operating Income Explanation

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

AsiaQuest 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 )
=450.034 * ( 1 - 35.54% )/( (1004.036 + 1116.038)/ 2 )
=290.0919164/1060.037
=27.37 %

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))
=2775.536 - 393.211 - ( 1378.289 - max(0, 804.058 - 2252.304+1378.289))
=1004.036

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))
=2927.49 - 349.424 - ( 1462.028 - max(0, 838.794 - 2429.017+1462.028))
=1116.038

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:

AsiaQuest 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 )
=476.126/( ( (296.139 + max(96.627, 0)) + (440.948 + max(171.37, 0)) )/ 2 )
=476.126/( ( 392.766 + 612.318 )/ 2 )
=476.126/502.542
=94.74 %

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)
=(781.436 + 1.558 + 91.021) - (393.211 + 0 + 384.177)
=96.627

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(844.01 + 1.467 + 121.512) - (349.424 + 0 + 446.195)
=171.37

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 %:

AsiaQuest 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 )
=225.017/2506.497
=8.98 %

* 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.


AsiaQuest Co Operating Income Related Terms


AsiaQuest Co Operating Income Historical Data

* Premium members only.

The historical data trend for AsiaQuest 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.

AsiaQuest Co Operating Income Chart

AsiaQuest Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 293.87 367.07 310.48 458.78 439.41

AsiaQuest Co Semi-Annual Data
Dec19 Dec20 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 170.99 211.09 247.69 214.40 225.02
TSE:4261
80GF Score
AsiaQuest Co Ltd TSE:4261
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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AsiaQuest 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439 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439 Mil mean?
AsiaQuest Co (TSE:4261) has a Operating Income of 円439 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on AsiaQuest Co and its competitors.
Is AsiaQuest Co's Operating Income too high?
AsiaQuest Co's current Operating Income is 円439 Mil. Overall, AsiaQuest Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AsiaQuest Co's Operating Income compare to IBM and ACN?
AsiaQuest Co's Operating Income of 円439 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 AsiaQuest Co and its competitors. AsiaQuest Co's current Operating Income is 円439 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AsiaQuest Co stock overvalued right now?
Based on GuruFocus' analysis, AsiaQuest Co (TSE:4261) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,659.09, compared to a current price of 円3,155.00 — trading 13.8% below its estimated fair value. The current Operating Income is 円439 Mil. AsiaQuest Co's overall GF Score™ is 80/100 with 1 warning sign 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 AsiaQuest Co (TSE:4261), the current Operating Income is 円439 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 AsiaQuest Co (TSE:4261) Overvalued in 2026?

Based on GuruFocus' analysis, AsiaQuest Co stock appears to be undervalued. The current stock price of 円3,155.00 is trading 13.8% below its estimated GF Value™ of 円3,659.09. GuruFocus considers AsiaQuest Co to be Modestly Undervalued.

Key valuation signals for TSE:4261:

  • Operating Income: 円439 Mil
  • GF Value™: 円3,659.09 vs. price of 円3,155.00 (13.8% below fair value)
  • GF Score™: 80/100 with 1 warning sign

No single metric tells the full story. See the TSE:4261 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AsiaQuest Co Business Description

Address 2-6-1 Koraku, Bunkyo-ku, Tokyo, JPN, 102-0072
AsiaQuest Co Ltd is involved in the Digital Transformation Business. It provides services that support clients' digital transformation, combined with consultation, system, application, and product development. The various services offered by the company include IoT and AI solutions, web systems and mobile application development, cloud and infrastructure construction and operation, etc.
80GF Score

Get the complete analysis for TSE:4261

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

円3,155.00
Price
円3,659.09
GF Value