Nippon Pallet Pool Co (TSE:4690) Operating Income: 円362 Mil (TTM As of Sep. 2025)

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TSE:4690 Nippon Pallet Pool Co Ltd TSE:4690
42 GF Score
Price 円2,501.00
GF Value 円2,001.43
! 8 Warning Signs
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What is Nippon Pallet Pool Co Operating Income?

Nippon Pallet Pool Co TSE:4690 42 Operating Income is 円362 Mil as of Sep. 2025. GuruFocus rates TSE:4690 with a GF Score™ of 42/100 and a GF Value™ of 円2,001.43. The stock has 8 warning signs investors should review.

Nippon Pallet Pool Co's Operating Income for the six months ended in Sep. 2025 was 円200 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was 円362 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nippon Pallet Pool Co's Operating Income for the six months ended in Sep. 2025 was 円200 Mil. Nippon Pallet Pool Co's Revenue for the six months ended in Sep. 2025 was 円3,494 Mil. Therefore, Nippon Pallet Pool Co's Operating Margin % for the quarter that ended in Sep. 2025 was 5.71%.

Nippon Pallet Pool Co's 5-Year average Growth Rate for Operating Margin % was -0.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nippon Pallet Pool Co's annualized ROC % for the quarter that ended in Sep. 2025 was 2.63%. Nippon Pallet Pool Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 6.66%.


Nippon Pallet Pool Co  (TSE:4690) Operating Income Explanation

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

Nippon Pallet Pool Co's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=399.032 * ( 1 - 34.8% )/( (9628.857 + 10118.631)/ 2 )
=260.168864/9873.744
=2.63 %

where

Invested Capital(Q: Mar. 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))
=10156.013 - 965.459 - ( 1295.569 - max(0, 2681.903 - 2243.6+1295.569))
=9628.857

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))
=10075.105 - 776.292 - ( 993.031 - max(0, 2747.825 - 1928.007+993.031))
=10118.631

Note: The Operating Income data used here is two times the semi-annual (Sep. 2025) data.

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

Nippon Pallet Pool Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=497.812/( ( (7368.795 + max(-181.214, 0)) + (7570.318 + max(-272.807, 0)) )/ 2 )
=497.812/( ( 7368.795 + 7570.318 )/ 2 )
=497.812/7469.5565
=6.66 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(852.658 + 10.882 + 83.777) - (965.459 + 0 + 163.072)
=-181.214

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(868.483 + 0 + 66.493) - (776.292 + 0 + 431.491)
=-272.807

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2025) EBIT data.

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

Nippon Pallet Pool Co's Operating Margin % for the quarter that ended in Sep. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=199.516/3493.771
=5.71 %

* 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.


Nippon Pallet Pool Co Operating Income Related Terms


Nippon Pallet Pool Co Operating Income Historical Data

* Premium members only.

The historical data trend for Nippon Pallet Pool 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.

Nippon Pallet Pool Co Operating Income Chart

Nippon Pallet Pool Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 586.92 459.81 984.12 778.82 368.87

Nippon Pallet Pool Co Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 424.70 354.12 206.47 162.40 199.52
TSE:4690
42GF Score
Nippon Pallet Pool Co Ltd TSE:4690
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Pallet Pool 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 Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円362 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362 Mil mean?
Nippon Pallet Pool Co (TSE:4690) has a Operating Income of 円362 Mil as of Sep. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nippon Pallet Pool Co and its competitors.
Is Nippon Pallet Pool Co's Operating Income too high?
Nippon Pallet Pool Co's current Operating Income is 円362 Mil. Overall, Nippon Pallet Pool Co has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Pallet Pool Co's Operating Income compare to SW and PKG?
Nippon Pallet Pool Co's Operating Income of 円362 Mil can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good Operating Income depends on the Packaging & Containers 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 Nippon Pallet Pool Co and its competitors. Nippon Pallet Pool Co's current Operating Income is 円362 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Pallet Pool Co stock overvalued right now?
Nippon Pallet Pool Co (TSE:4690) has a current Operating Income of 円362 Mil. The stock's GF Value™ is 円2,001.43, compared to a current price of 円2,501.00 — trading 25% above its estimated fair value. The current Operating Income is 円362 Mil. Nippon Pallet Pool Co's overall GF Score™ is 42/100 with 8 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 Nippon Pallet Pool Co (TSE:4690), the current Operating Income is 円362 Mil as of Sep. 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 Nippon Pallet Pool Co (TSE:4690) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Pallet Pool Co stock appears to be overvalued. The current stock price of 円2,501.00 is trading 25% above its estimated GF Value™ of 円2,001.43.

Key valuation signals for TSE:4690:

  • Operating Income: 円362 Mil
  • GF Value™: 円2,001.43 vs. price of 円2,501.00 (25% above fair value)
  • GF Score™: 42/100 with 8 warning signs

No single metric tells the full story. See the TSE:4690 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Pallet Pool Co Business Description

Address 2-8-11 Shibata, Kyoei Building, Kita-ku, Osaka, JPN, 530 0012
Nippon Pallet Pool Co Ltd is a Japan based company engaged in the business of providing a pallet pool system that enables corporate activities and supports physical distribution. The products of the company include palette, Nestainer, Oricon Cart, Boards and Boxes, and others. The company also provides Plastic pallets, Wooden pallets, Fold Deck, Assist Suit, and other products on rental basis.
42GF Score

Get the complete analysis for TSE:4690

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

円2,501.00
Price
円2,001.43
GF Value