Kyoshin Co (TSE:4735) Operating Income: 円135 Mil (TTM As of Feb. 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:4735 Kyoshin Co Ltd TSE:4735
59 GF Score
Price 円303.00
GF Value 円288.04
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Kyoshin Co Operating Income?

Kyoshin Co TSE:4735 +0.66% 59 Operating Income is 円135 Mil as of Feb. 2026. GuruFocus rates TSE:4735 with a GF Score™ of 59/100 and a GF Value™ of 円288.04 (Fairly Valued). The stock has 5 warning signs investors should review.

Kyoshin Co's Operating Income for the three months ended in Feb. 2026 was 円262 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was 円135 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kyoshin Co's Operating Income for the three months ended in Feb. 2026 was 円262 Mil. Kyoshin Co's Revenue for the three months ended in Feb. 2026 was 円7,177 Mil. Therefore, Kyoshin Co's Operating Margin % for the quarter that ended in Feb. 2026 was 3.66%.

Kyoshin Co's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kyoshin Co's annualized ROC % for the quarter that ended in Feb. 2026 was 3.02%. Kyoshin Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 5.44%.


Kyoshin Co  (TSE:4735) Operating Income Explanation

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

Kyoshin Co's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=1049.512 * ( 1 - 34.33% )/( (23090.348 + 22589.435)/ 2 )
=689.2145304/22839.8915
=3.02 %

where

Invested Capital(Q: Nov. 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))
=22405.411 - 1534.376 - ( 5042.964 - max(0, 9147.095 - 6927.782+5042.964))
=23090.348

Invested Capital(Q: Feb. 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))
=22020.395 - 1610.855 - ( 4683.202 - max(0, 9052.431 - 6872.536+4683.202))
=22589.435

Note: The Operating Income data used here is four times the quarterly (Feb. 2026) data.

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

Kyoshin Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=576.92/( ( (10748.916 + max(-2639.365, 0)) + (10444.031 + max(-1862.057, 0)) )/ 2 )
=576.92/( ( 10748.916 + 10444.031 )/ 2 )
=576.92/10596.4735
=5.44 %

where Working Capital is:

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1015.112 + 83.455 + 786.251) - (1534.376 + 0 + 2989.807)
=-2639.365

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1082.903 + 120.237 + 986.194) - (1610.855 + 0 + 2440.536)
=-1862.057

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

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

Kyoshin Co's Operating Margin % for the quarter that ended in Feb. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=262.378/7177.296
=3.66 %

* 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.


Kyoshin Co Operating Income Related Terms


Kyoshin Co Operating Income Historical Data

* Premium members only.

The historical data trend for Kyoshin 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.

Kyoshin Co Operating Income Chart

Kyoshin Co Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 77.29 380.47 470.79 873.03 508.40

Kyoshin Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26 May26
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 0.00 208.68 10.14 262.38 -346.67
TSE:4735
59GF Score
Kyoshin Co Ltd TSE:4735
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kyoshin 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 Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円135 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135 Mil mean?
Kyoshin Co (TSE:4735) has a Operating Income of 円135 Mil as of Feb. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Kyoshin Co and its competitors.
Is Kyoshin Co's Operating Income too high?
Kyoshin Co's current Operating Income is 円135 Mil. Overall, Kyoshin Co has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kyoshin Co's Operating Income compare to EDU and TAL?
Kyoshin Co's Operating Income of 円135 Mil can be compared against companies in the Education 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 an Education company?
A good Operating Income depends on the Education 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 Kyoshin Co and its competitors. Kyoshin Co's current Operating Income is 円135 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyoshin Co stock overvalued right now?
Based on GuruFocus' analysis, Kyoshin Co (TSE:4735) is currently considered Fairly Valued. The stock's GF Value™ is 円288.04, compared to a current price of 円303.00 — trading 5.2% above its estimated fair value. The current Operating Income is 円135 Mil. Kyoshin Co's overall GF Score™ is 59/100 with 5 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 Kyoshin Co (TSE:4735), the current Operating Income is 円135 Mil as of Feb. 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 Kyoshin Co (TSE:4735) Overvalued in 2026?

Based on GuruFocus' analysis, Kyoshin Co stock appears to be overvalued. The current stock price of 円303.00 is trading 5.2% above its estimated GF Value™ of 円288.04. GuruFocus considers Kyoshin Co to be Fairly Valued.

Key valuation signals for TSE:4735:

  • Operating Income: 円135 Mil
  • GF Value™: 円288.04 vs. price of 円303.00 (5.2% above fair value)
  • GF Score™: 59/100 with 5 warning signs

No single metric tells the full story. See the TSE:4735 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kyoshin Co Business Description

Address Shimogyo-ku Karasuma Street Gojo 382-1, Kyoto Prefecture, Osaka-cho, down Kyoto, Yubinbango, Kyoto, JPN, 600-8177
Kyoshin Co Ltd operates cram schools and offers guidance services for students appearing for elementary, junior, & high school entrance examinations. It also operates specialty schools for Japanese students abroad & offers tutorial & related services. It has franchise classes for individual guidance and English conversation classes for children from elementary school to infants. The company operates in three segments, which include cram school business, Language-related businesses, and the childcare and elderly care business segment.
59GF Score

Get the complete analysis for TSE:4735

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

円303.00
Price
円288.04
GF Value