Computer Management Co (TSE:4491) Operating Income: 円629 Mil (TTM As of Mar. 2026)

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TSE:4491 Computer Management Co Ltd TSE:4491
78 GF Score
Price 円3,145.00
GF Value 円1,913.70
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Computer Management Co Operating Income?

Computer Management Co TSE:4491 -0.32% 78 Operating Income is 円629 Mil as of Mar. 2026. GuruFocus rates TSE:4491 with a GF Score™ of 78/100 and a GF Value™ of 円1,913.70 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Computer Management Co's Operating Income for the six months ended in Mar. 2026 was 円392 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円629 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Computer Management Co's Operating Income for the six months ended in Mar. 2026 was 円392 Mil. Computer Management Co's Revenue for the six months ended in Mar. 2026 was 円4,286 Mil. Therefore, Computer Management Co's Operating Margin % for the quarter that ended in Mar. 2026 was 9.14%.

Good Sign:

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

Computer Management Co's 5-Year average Growth Rate for Operating Margin % was 1.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Computer Management Co's annualized ROC % for the quarter that ended in Mar. 2026 was 38.75%. Computer Management Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 416.87%.


Computer Management Co  (TSE:4491) Operating Income Explanation

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

Computer Management 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 )
=783.706 * ( 1 - 11.81% )/( (1764.429 + 1803.148)/ 2 )
=691.1503214/1783.7885
=38.75 %

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))
=5386.976 - 311.459 - ( 3311.088 - max(0, 951.094 - 4424.696+3311.088))
=1764.429

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))
=5727.702 - 381.806 - ( 3542.748 - max(0, 1189.205 - 4790.278+3542.748))
=1803.148

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:

Computer Management 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 )
=783.706/( ( (69.739 + max(162.514, 0)) + (85.415 + max(58.325000000001, 0)) )/ 2 )
=783.706/( ( 232.253 + 143.74 )/ 2 )
=783.706/187.9965
=416.87 %

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)
=(936.02 + 78.039 + 99.549) - (311.459 + 0 + 639.635)
=162.514

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1055.851 + 103.676 + 88.003000000001) - (381.806 + 0 + 807.399)
=58.325000000001

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 %:

Computer Management 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 )
=391.853/4285.501
=9.14 %

* 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.


Computer Management Co Operating Income Related Terms


Computer Management Co Operating Income Historical Data

* Premium members only.

The historical data trend for Computer Management 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.

Computer Management Co Operating Income Chart

Computer Management Co Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only 493.85 472.66 427.08 514.12 628.97

Computer Management Co Semi-Annual Data
Mar18 Mar19 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 213.79 206.55 307.57 237.11 391.85
TSE:4491
78GF Score
Computer Management Co Ltd TSE:4491
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Computer Management 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629 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629 Mil mean?
Computer Management Co (TSE:4491) has a Operating Income of 円629 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Computer Management Co and its competitors.
Is Computer Management Co's Operating Income too high?
Computer Management Co's current Operating Income is 円629 Mil. Overall, Computer Management Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Computer Management Co's Operating Income compare to QH and SHOP?
Computer Management Co's Operating Income of 円629 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 Computer Management Co and its competitors. Computer Management Co's current Operating Income is 円629 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Computer Management Co stock overvalued right now?
Based on GuruFocus' analysis, Computer Management Co (TSE:4491) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,913.70, compared to a current price of 円3,145.00 — trading 64.3% above its estimated fair value. The current Operating Income is 円629 Mil. Computer Management Co's overall GF Score™ is 78/100 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 Computer Management Co (TSE:4491), the current Operating Income is 円629 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 Computer Management Co (TSE:4491) Overvalued in 2026?

Based on GuruFocus' analysis, Computer Management Co stock appears to be overvalued. The current stock price of 円3,145.00 is trading 64.3% above its estimated GF Value™ of 円1,913.70. GuruFocus considers Computer Management Co to be Significantly Overvalued.

Key valuation signals for TSE:4491:

  • Operating Income: 円629 Mil
  • GF Value™: 円1,913.70 vs. price of 円3,145.00 (64.3% above fair value)
  • GF Score™: 78/100 with 2 warning signs

No single metric tells the full story. See the TSE:4491 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Computer Management Co Business Description

Address 1-13-1 Umeda, Kita-ku, 19th floor, Osaka Umeda Twin Towers South, Osaka Prefecture, Osaka, JPN, 530-0001
Computer Management Co Ltd is a provider of system solutions, including general solution services, infrastructure solution services, and enterprise resource planning solution services. The Group operates in a single segment, system solution services.
78GF Score

Get the complete analysis for TSE:4491

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

円3,145.00
Price
円1,913.70
GF Value