Nippon Concrete Industries Co (TSE:5269) Operating Income: 円766 Mil (TTM As of Mar. 2026)

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TSE:5269 Nippon Concrete Industries Co Ltd TSE:5269
71 GF Score
Price 円390.00
GF Value 円333.18
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Nippon Concrete Industries Co Operating Income?

Nippon Concrete Industries Co TSE:5269 +3.45% 71 Operating Income is 円766 Mil as of Mar. 2026. GuruFocus rates TSE:5269 with a GF Score™ of 71/100 and a GF Value™ of 円333.18 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Nippon Concrete Industries Co's Operating Income for the three months ended in Mar. 2026 was 円18 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円766 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nippon Concrete Industries Co's Operating Income for the three months ended in Mar. 2026 was 円18 Mil. Nippon Concrete Industries Co's Revenue for the three months ended in Mar. 2026 was 円12,002 Mil. Therefore, Nippon Concrete Industries Co's Operating Margin % for the quarter that ended in Mar. 2026 was 0.15%.

Nippon Concrete Industries 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. Nippon Concrete Industries Co's annualized ROC % for the quarter that ended in Mar. 2026 was 0.10%. Nippon Concrete Industries Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.90%.


Nippon Concrete Industries Co  (TSE:5269) Operating Income Explanation

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

Nippon Concrete Industries Co'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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=70.708 * ( 1 - 0% )/( (69280.634 + 76836.773)/ 2 )
=70.708/73058.7035
=0.10 %

where

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))
=81328.141 - 4726.868 - ( 8286.954 - max(0, 22738.537 - 30059.176+8286.954))
=69280.634

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))
=87692.096 - 4416.412 - ( 7016.163 - max(0, 21522.466 - 27961.377+7016.163))
=76836.773

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

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

Nippon Concrete Industries Co'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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=293.704/( ( (27024.579 + max(5848.501, 0)) + (27370.707 + max(4966.892, 0)) )/ 2 )
=293.704/( ( 32873.08 + 32337.599 )/ 2 )
=293.704/32605.3395
=0.90 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8014.6 + 9026.196 + 4731.426) - (4726.868 + 0 + 11196.853)
=5848.501

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6901.068 + 9408.728 + 3599.545) - (4416.412 + 0 + 10526.037)
=4966.892

When net working capital is negative, 0 is used.

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

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

Nippon Concrete Industries Co'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 )
=17.677/12001.76
=0.15 %

* 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 Concrete Industries Co Operating Income Related Terms


Nippon Concrete Industries Co Operating Income Historical Data

* Premium members only.

The historical data trend for Nippon Concrete Industries 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 Concrete Industries Co Operating Income Chart

Nippon Concrete Industries Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,228.05 -228.65 1,807.58 990.01 322.76

Nippon Concrete Industries Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -129.26 258.85 175.50 17.68 313.69
TSE:5269
71GF Score
Nippon Concrete Industries Co Ltd TSE:5269
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Concrete Industries 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円766 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766 Mil mean?
Nippon Concrete Industries Co (TSE:5269) has a Operating Income of 円766 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nippon Concrete Industries Co and its competitors.
Is Nippon Concrete Industries Co's Operating Income too high?
Nippon Concrete Industries Co's current Operating Income is 円766 Mil. Overall, Nippon Concrete Industries Co has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Concrete Industries Co's Operating Income compare to CRH and VMC?
Nippon Concrete Industries Co's Operating Income of 円766 Mil can be compared against companies in the Building Materials 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 Building Materials company?
A good Operating Income depends on the Building Materials 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 Concrete Industries Co and its competitors. Nippon Concrete Industries Co's current Operating Income is 円766 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Concrete Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Concrete Industries Co (TSE:5269) is currently considered Modestly Overvalued. The stock's GF Value™ is 円333.18, compared to a current price of 円390.00 — trading 17.1% above its estimated fair value. The current Operating Income is 円766 Mil. Nippon Concrete Industries Co's overall GF Score™ is 71/100 with 6 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 Concrete Industries Co (TSE:5269), the current Operating Income is 円766 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 Nippon Concrete Industries Co (TSE:5269) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Concrete Industries Co stock appears to be overvalued. The current stock price of 円390.00 is trading 17.1% above its estimated GF Value™ of 円333.18. GuruFocus considers Nippon Concrete Industries Co to be Modestly Overvalued.

Key valuation signals for TSE:5269:

  • Operating Income: 円766 Mil
  • GF Value™: 円333.18 vs. price of 円390.00 (17.1% above fair value)
  • GF Score™: 71/100 with 6 warning signs

No single metric tells the full story. See the TSE:5269 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Concrete Industries Co Business Description

Address 4-6-14 Shibaura, NC Shibaura Building, Minatoku, Tokyo, JPN, 108-0023
Nippon Concrete Industries Co Ltd is a Japan-based company operating in the basic material sector. It is engaged in the production, sales, and marketing of various construction and building materials. Products offered by the company include concrete poles, foundations, precast concrete wall, civil engineering products, precast building material and sound absorber materials. Nippon has world-wide operations with a presence in Myanmar, Indonesia, China, and Korea.
71GF Score

Get the complete analysis for TSE:5269

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

円390.00
Price
円333.18
GF Value