Linkers (TSE:5131) Operating Income: 円-643 Mil (TTM As of Jan. 2026)

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TSE:5131 Linkers Corp TSE:5131
58 GF Score
Price 円119.00
GF Value 円175.32
Valuation Possible Value Trap
! 3 Warning Signs
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What is Linkers Operating Income?

Linkers TSE:5131 +2.59% 58 Operating Income is 円-643 Mil as of Jan. 2026. GuruFocus rates TSE:5131 with a GF Score™ of 58/100 and a GF Value™ of 円175.32 (Possible Value Trap). The stock has 3 warning signs investors should review.

Linkers's Operating Income for the three months ended in Jan. 2026 was 円-178 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was 円-643 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Linkers's Operating Income for the three months ended in Jan. 2026 was 円-178 Mil. Linkers's Revenue for the three months ended in Jan. 2026 was 円356 Mil. Therefore, Linkers's Operating Margin % for the quarter that ended in Jan. 2026 was -50.05%.

Linkers'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. Linkers's annualized ROC % for the quarter that ended in Jan. 2026 was -82.07%. Linkers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was -580.21%.


Linkers  (TSE:5131) Operating Income Explanation

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

Linkers's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=-712.028 * ( 1 - 0% )/( (749.459 + 985.632)/ 2 )
=-712.028/867.5455
=-82.07 %

where

Invested Capital(Q: Oct. 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))
=1287.395 - 2.272 - ( 634.293 - max(0, 286.316 - 821.98+634.293))
=749.459

Invested Capital(Q: Jan. 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))
=1679.756 - 4.382 - ( 942.321 - max(0, 451.904 - 1141.646+942.321))
=985.632

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

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

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

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-676.332/( ( (89.384 + max(-36.637, 0)) + (143.749 + max(-78.738, 0)) )/ 2 )
=-676.332/( ( 89.384 + 143.749 )/ 2 )
=-676.332/116.5665
=-580.21 %

where Working Capital is:

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(124.88 + 15.6 + 47.207) - (2.272 + 0 + 222.052)
=-36.637

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(112.745 + 20.149 + 66.431) - (4.382 + 0 + 273.681)
=-78.738

When net working capital is negative, 0 is used.

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

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

Linkers's Operating Margin % for the quarter that ended in Jan. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=-178.007/355.63
=-50.05 %

* 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.


Linkers Operating Income Related Terms


Linkers Operating Income Historical Data

* Premium members only.

The historical data trend for Linkers'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.

Linkers Operating Income Chart

Linkers Annual Data
Trend Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Operating Income
Get a 7-Day Free Trial 246.94 65.49 85.75 -223.43 -457.99

Linkers Quarterly Data
Jul20 Jul21 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 -0.41 -178.03 -217.39 -178.01 -69.42
TSE:5131
58GF Score
Linkers Corp TSE:5131
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Linkers 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 Jan. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-643 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-643 Mil mean?
Linkers (TSE:5131) has a Operating Income of 円-643 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Linkers and its competitors.
Is Linkers' Operating Income too high?
Linkers' current Operating Income is 円-643 Mil. Overall, Linkers has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Linkers' Operating Income compare to CTAS and CPRT?
Linkers' Operating Income of 円-643 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Operating Income depends on the Business Services 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 Linkers and its competitors. Linkers's current Operating Income is 円-643 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Linkers stock overvalued right now?
Based on GuruFocus' analysis, Linkers (TSE:5131) is currently considered Possible Value Trap. The stock's GF Value™ is 円175.32, compared to a current price of 円119.00 — trading 32.1% below its estimated fair value. The current Operating Income is 円-643 Mil. Linkers' overall GF Score™ is 58/100 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 Linkers (TSE:5131), the current Operating Income is 円-643 Mil as of Jan. 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 Linkers (TSE:5131) Overvalued in 2026?

Based on GuruFocus' analysis, Linkers stock appears to be undervalued. The current stock price of 円119.00 is trading 32.1% below its estimated GF Value™ of 円175.32. GuruFocus considers Linkers to be Possible Value Trap.

Key valuation signals for TSE:5131:

  • Operating Income: 円-643 Mil
  • GF Value™: 円175.32 vs. price of 円119.00 (32.1% below fair value)
  • GF Score™: 58/100 with 3 warning signs

No single metric tells the full story. See the TSE:5131 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Linkers Business Description

Address 2-3-21 Koraku, 6th Floor, Sumitomo Fudosan Iidabashi Building, Bunkyo-ku, Tokyo, JPN, 112-0004
Linkers Corp is engaged in providing business matchmaking services and research consulting services, especially in the manufacturing sector. The various services offered by the group include Linkers Research, which investigates technology needs and seeds at the research stage and identifies the technical themes and challenges that companies should address; Linkers Sourcing, which provides technology exploration services that handle needs-based matching at the development stage; Linkers Marketing, which introduces clients technology, products, and services to corporate network and provide interview opportunities with interested companies; and Linkers for BANK, a SaaS-based business matching system that helps institutions improve their business matching operations; among others.
58GF Score

Get the complete analysis for TSE:5131

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

円119.00
Price
円175.32
GF Value