Terilogy Holdings (TSE:5133) Operating Income: 円549 Mil (TTM As of Mar. 2026)

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TSE:5133 Terilogy Holdings Corp TSE:5133
42 GF Score
Price 円320.00
GF Value 円478.73
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Terilogy Holdings Operating Income?

Terilogy Holdings TSE:5133 +0.95% 42 Operating Income is 円549 Mil as of Mar. 2026. GuruFocus rates TSE:5133 with a GF Score™ of 42/100 and a GF Value™ of 円478.73 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Terilogy Holdings's Operating Income for the six months ended in Mar. 2026 was 円367 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円549 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Terilogy Holdings's Operating Income for the six months ended in Mar. 2026 was 円367 Mil. Terilogy Holdings's Revenue for the six months ended in Mar. 2026 was 円6,052 Mil. Therefore, Terilogy Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 6.07%.

Terilogy Holdings'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. Terilogy Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 5.99%. Terilogy Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 151.55%.


Terilogy Holdings  (TSE:5133) Operating Income Explanation

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

Terilogy Holdings'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 )
=734.402 * ( 1 - 40.99% )/( (6667.125 + 7804.542)/ 2 )
=433.3706202/7235.8335
=5.99 %

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))
=8899.14 - 611.931 - ( 2935.182 - max(0, 5621.193 - 7241.277+2935.182))
=6667.125

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))
=10261.396 - 1149.52 - ( 3269.251 - max(0, 6511.809 - 7819.143+3269.251))
=7804.542

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:

Terilogy Holdings'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 )
=889.856/( ( (348.929 + max(-1224.944, 0)) + (825.402 + max(-1476.073, 0)) )/ 2 )
=889.856/( ( 348.929 + 825.402 )/ 2 )
=889.856/587.1655
=151.55 %

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)
=(775.802 + 259.537 + 3270.756) - (611.931 + 0 + 4919.108)
=-1224.944

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1436.335 + 207.082 + 2906.475) - (1149.52 + 0 + 4876.445)
=-1476.073

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 %:

Terilogy Holdings'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 )
=367.201/6052.465
=6.07 %

* 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.


Terilogy Holdings Operating Income Related Terms


Terilogy Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Terilogy Holdings'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.

Terilogy Holdings Operating Income Chart

Terilogy Holdings Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Operating Income
115.45 272.47 273.19 549.02

Terilogy Holdings Semi-Annual Data
Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Operating Income Get a 7-Day Free Trial 247.83 -21.04 294.23 181.82 367.20
TSE:5133
42GF Score
Terilogy Holdings Corp TSE:5133
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Terilogy Holdings 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549 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549 Mil mean?
Terilogy Holdings (TSE:5133) has a Operating Income of 円549 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Terilogy Holdings and its competitors.
Is Terilogy Holdings' Operating Income too high?
Terilogy Holdings' current Operating Income is 円549 Mil. Overall, Terilogy Holdings has a GF Score™ of 42/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Terilogy Holdings' Operating Income compare to IBM and ACN?
Terilogy Holdings' Operating Income of 円549 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 Terilogy Holdings and its competitors. Terilogy Holdings's current Operating Income is 円549 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Terilogy Holdings stock overvalued right now?
Based on GuruFocus' analysis, Terilogy Holdings (TSE:5133) is currently considered Significantly Undervalued. The stock's GF Value™ is 円478.73, compared to a current price of 円320.00 — trading 33.2% below its estimated fair value. The current Operating Income is 円549 Mil. Terilogy Holdings' overall GF Score™ is 42/100 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 Terilogy Holdings (TSE:5133), the current Operating Income is 円549 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 Terilogy Holdings (TSE:5133) Overvalued in 2026?

Based on GuruFocus' analysis, Terilogy Holdings stock appears to be undervalued. The current stock price of 円320.00 is trading 33.2% below its estimated GF Value™ of 円478.73. GuruFocus considers Terilogy Holdings to be Significantly Undervalued.

Key valuation signals for TSE:5133:

  • Operating Income: 円549 Mil
  • GF Value™: 円478.73 vs. price of 円320.00 (33.2% below fair value)
  • GF Score™: 42/100 with 2 warning signs

No single metric tells the full story. See the TSE:5133 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Terilogy Holdings Business Description

Address 1-13-5 Kudankita, 4th Floor, Hulic Kudan Building, Chiyoda-ku, Tokyo, JPN, 102-0073
Terilogy Holdings Corp is engaged in the import and sale of overseas hardware and software products, system-related consulting services, system building and training for end users, network building and related construction/installation work, maintenance services for network-related products, and development of application software. The group operates in a single segment of IT solution services.
42GF Score

Get the complete analysis for TSE:5133

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

円320.00
Price
円478.73
GF Value