i Cubed Systems (TSE:4495) Operating Income: 円1,222 Mil (TTM As of Dec. 2025)

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TSE:4495 i Cubed Systems Inc TSE:4495
89 GF Score
Price 円2,000.00
GF Value 円2,607.03
Valuation Modestly Undervalued
! 3 Warning Signs
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What is i Cubed Systems Operating Income?

i Cubed Systems TSE:4495 +3.79% 89 Operating Income is 円1,222 Mil as of Dec. 2025. GuruFocus rates TSE:4495 with a GF Score™ of 89/100 and a GF Value™ of 円2,607.03 (Modestly Undervalued). The stock has 3 warning signs investors should review.

i Cubed Systems's Operating Income for the three months ended in Dec. 2025 was 円343 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was 円1,222 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. i Cubed Systems's Operating Income for the three months ended in Dec. 2025 was 円343 Mil. i Cubed Systems's Revenue for the three months ended in Dec. 2025 was 円1,071 Mil. Therefore, i Cubed Systems's Operating Margin % for the quarter that ended in Dec. 2025 was 32.01%.

Warning Sign:

i Cubed Systems Inc operating margin has been in a 5-year decline. The average rate of decline per year is -3.1%.

i Cubed Systems's 5-Year average Growth Rate for Operating Margin % was -3.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. i Cubed Systems's annualized ROC % for the quarter that ended in Dec. 2025 was 35.52%. i Cubed Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3,968.93%.


i Cubed Systems  (TSE:4495) Operating Income Explanation

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

i Cubed Systems'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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=1370.948 * ( 1 - 34.16% )/( (2549.747 + 2532.145)/ 2 )
=902.6321632/2540.946
=35.52 %

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))
=4320.937 - 188.868 - ( 2335.419 - max(0, 1306.652 - 2888.974+2335.419))
=2549.747

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))
=4646.798 - 304.195 - ( 2664.641 - max(0, 1412.489 - 3222.947+2664.641))
=2532.145

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

i Cubed Systems'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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1370.948/( ( (35.126 + max(-753.097, 0)) + (33.958 + max(-854.183, 0)) )/ 2 )
=1370.948/( ( 35.126 + 33.958 )/ 2 )
=1370.948/34.542
=3,968.93 %

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)
=(434.199 + 0 + 119.356) - (188.868 + 0 + 1117.784)
=-753.097

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(448.83 + 0 + 109.476) - (304.195 + 0 + 1108.294)
=-854.183

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

i Cubed Systems'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 )
=342.737/1070.879
=32.01 %

* 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.


i Cubed Systems Operating Income Related Terms


i Cubed Systems Operating Income Historical Data

* Premium members only.

The historical data trend for i Cubed Systems'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.

i Cubed Systems Operating Income Chart

i Cubed Systems Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial 569.60 826.71 618.69 692.16 905.08

i Cubed Systems Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 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 277.93 203.19 341.97 342.74 333.81
TSE:4495
89GF Score
i Cubed Systems Inc TSE:4495
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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i Cubed Systems 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 quarterly data reported by the company within the most recent 12 months, which was 円1,222 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1,222 Mil mean?
i Cubed Systems (TSE:4495) has a Operating Income of 円1,222 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on i Cubed Systems and its competitors.
Is i Cubed Systems' Operating Income too high?
i Cubed Systems' current Operating Income is 円1,222 Mil. Overall, i Cubed Systems has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does i Cubed Systems' Operating Income compare to QH and SHOP?
i Cubed Systems' Operating Income of 円1,222 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 i Cubed Systems and its competitors. i Cubed Systems's current Operating Income is 円1,222 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is i Cubed Systems stock overvalued right now?
Based on GuruFocus' analysis, i Cubed Systems (TSE:4495) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,607.03, compared to a current price of 円2,000.00 — trading 23.3% below its estimated fair value. The current Operating Income is 円1,222 Mil. i Cubed Systems' overall GF Score™ is 89/100 with 3 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 i Cubed Systems (TSE:4495), the current Operating Income is 円1,222 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 i Cubed Systems (TSE:4495) Overvalued in 2026?

Based on GuruFocus' analysis, i Cubed Systems stock appears to be undervalued. The current stock price of 円2,000.00 is trading 23.3% below its estimated GF Value™ of 円2,607.03. GuruFocus considers i Cubed Systems to be Modestly Undervalued.

Key valuation signals for TSE:4495:

  • Operating Income: 円1,222 Mil
  • GF Value™: 円2,607.03 vs. price of 円2,000.00 (23.3% below fair value)
  • GF Score™: 89/100 with 3 warning signs

No single metric tells the full story. See the TSE:4495 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


i Cubed Systems Business Description

Address 4-1-37 Tenjin, Chuo-ku, 4th Floor, Daiichi Myojo Building, Fukuoka Prefecture, Fukuoka, Tokyo, JPN, 810-0001
i Cubed Systems Inc is engaged in the provision of mobile device management services for corporations. The company provides CLOMO's business application series that includes Clomo browser, Clomo Mailer, Clomo Calendar, Clomo Address book, and Clomo File sharing. The Group has two reportable segments: CLOMO Business and Investment Business.
89GF Score

Get the complete analysis for TSE:4495

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

円2,000.00
Price
円2,607.03
GF Value