Daito Chemix (TSE:4366) Operating Income: 円873 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:4366 Daito Chemix Corp TSE:4366
58 GF Score
Price 円443.00
GF Value 円258.71
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Daito Chemix Operating Income?

Daito Chemix TSE:4366 -4.11% 58 Operating Income is 円873 Mil as of Mar. 2026. GuruFocus rates TSE:4366 with a GF Score™ of 58/100 and a GF Value™ of 円258.71 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Daito Chemix's Operating Income for the six months ended in Mar. 2026 was 円439 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円873 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Daito Chemix's Operating Income for the six months ended in Mar. 2026 was 円439 Mil. Daito Chemix's Revenue for the six months ended in Mar. 2026 was 円9,914 Mil. Therefore, Daito Chemix's Operating Margin % for the quarter that ended in Mar. 2026 was 4.43%.

Warning Sign:

Daito Chemix Corp operating margin has been in a 5-year decline. The average rate of decline per year is -18.7%.

Daito Chemix's 5-Year average Growth Rate for Operating Margin % was -18.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Daito Chemix's annualized ROC % for the quarter that ended in Mar. 2026 was 4.49%. Daito Chemix's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.18%.


Daito Chemix  (TSE:4366) Operating Income Explanation

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

Daito Chemix'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 )
=878 * ( 1 - 0% )/( (19470 + 19620)/ 2 )
=878/19545
=4.49 %

where

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:

Daito Chemix'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 )
=1090/( ( (8267 + max(7430, 0)) + (9031 + max(5637, 0)) )/ 2 )
=1090/( ( 15697 + 14668 )/ 2 )
=1090/15182.5
=7.18 %

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)
=(4729 + 6125 + 80) - (2899 + 0 + 605)
=7430

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4038 + 6498 + 76) - (4323 + 0 + 652)
=5637

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 %:

Daito Chemix'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 )
=439/9914
=4.43 %

* 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.


Daito Chemix Operating Income Related Terms


Daito Chemix Operating Income Historical Data

* Premium members only.

The historical data trend for Daito Chemix'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.

Daito Chemix Operating Income Chart

Daito Chemix 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 1,764.00 1,284.00 776.00 848.00 873.00

Daito Chemix 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 529.00 381.00 467.00 434.00 439.00
TSE:4366
58GF Score
Daito Chemix Corp TSE:4366
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daito Chemix 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873 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873 Mil mean?
Daito Chemix (TSE:4366) has a Operating Income of 円873 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Daito Chemix and its competitors.
Is Daito Chemix's Operating Income too high?
Daito Chemix's current Operating Income is 円873 Mil. Overall, Daito Chemix has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daito Chemix's Operating Income compare to DOW?
Daito Chemix's Operating Income of 円873 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good Operating Income depends on the Chemicals 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 Daito Chemix and its competitors. Daito Chemix's current Operating Income is 円873 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daito Chemix stock overvalued right now?
Based on GuruFocus' analysis, Daito Chemix (TSE:4366) is currently considered Significantly Overvalued. The stock's GF Value™ is 円258.71, compared to a current price of 円443.00 — trading 71.2% above its estimated fair value. The current Operating Income is 円873 Mil. Daito Chemix's overall GF Score™ is 58/100 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 Daito Chemix (TSE:4366), the current Operating Income is 円873 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 Daito Chemix (TSE:4366) Overvalued in 2026?

Based on GuruFocus' analysis, Daito Chemix stock appears to be overvalued. The current stock price of 円443.00 is trading 71.2% above its estimated GF Value™ of 円258.71. GuruFocus considers Daito Chemix to be Significantly Overvalued.

Key valuation signals for TSE:4366:

  • Operating Income: 円873 Mil
  • GF Value™: 円258.71 vs. price of 円443.00 (71.2% above fair value)
  • GF Score™: 58/100 with 6 warning signs

No single metric tells the full story. See the TSE:4366 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daito Chemix Business Description

Address 3-1-7 Matsuta-Omiya, Tsurumi-ku, Osaka, JPN
Daito Chemix Corporation is engaged in the manufacture and sale of photosensitive materials, printing materials, photography materials, recording materials, and pharmaceutical intermediates, as well as other chemical products in Japan.
58GF Score

Get the complete analysis for TSE:4366

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

円443.00
Price
円258.71
GF Value