Zenhoren Co (TSE:5845) Operating Income: 円3,174 Mil (TTM As of Mar. 2026)

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TSE:5845 Zenhoren Co Ltd TSE:5845
38 GF Score
Price 円1,208.00
GF Value 円886.02
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Zenhoren Co Operating Income?

Zenhoren Co TSE:5845 -0.17% 38 Operating Income is 円3,174 Mil as of Mar. 2026. GuruFocus rates TSE:5845 with a GF Score™ of 38/100 and a GF Value™ of 円886.02 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Zenhoren Co's Operating Income for the three months ended in Mar. 2026 was 円656 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円3,174 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Zenhoren Co's Operating Income for the three months ended in Mar. 2026 was 円656 Mil. Zenhoren Co's Revenue for the three months ended in Mar. 2026 was 円6,597 Mil. Therefore, Zenhoren Co's Operating Margin % for the quarter that ended in Mar. 2026 was 9.94%.

Zenhoren 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. Zenhoren Co's annualized ROC % for the quarter that ended in Mar. 2026 was 8.80%. Zenhoren Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 841.44%.


Zenhoren Co  (TSE:5845) Operating Income Explanation

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

Zenhoren 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 )
=2624 * ( 1 - 32.38% )/( (19586 + 20727)/ 2 )
=1774.3488/20156.5
=8.80 %

where

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

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

Zenhoren 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 )
=2680/( ( (322 + max(-16162, 0)) + (315 + max(-15217, 0)) )/ 2 )
=2680/( ( 322 + 315 )/ 2 )
=2680/318.5
=841.44 %

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)
=(0 + 23 + -1977) - (257 + 0 + 13951)
=-16162

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 25 + 643) - (1619 + 0 + 14266)
=-15217

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 %:

Zenhoren 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 )
=656/6597
=9.94 %

* 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.


Zenhoren Co Operating Income Related Terms


Zenhoren Co Operating Income Historical Data

* Premium members only.

The historical data trend for Zenhoren 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.

Zenhoren Co Operating Income Chart

Zenhoren Co Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
1,700.00 1,904.00 2,225.00 2,549.00 3,174.00

Zenhoren Co Quarterly Data
Mar22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 937.00 640.00 941.00 656.00
TSE:5845
38GF Score
Zenhoren Co Ltd TSE:5845
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Zenhoren 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3,174 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3,174 Mil mean?
Zenhoren Co (TSE:5845) has a Operating Income of 円3,174 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Zenhoren Co and its competitors.
Is Zenhoren Co's Operating Income too high?
Zenhoren Co's current Operating Income is 円3,174 Mil. Overall, Zenhoren Co has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zenhoren Co's Operating Income compare to CTAS and CPRT?
Zenhoren Co's Operating Income of 円3,174 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 Zenhoren Co and its competitors. Zenhoren Co's current Operating Income is 円3,174 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zenhoren Co stock overvalued right now?
Based on GuruFocus' analysis, Zenhoren Co (TSE:5845) is currently considered Significantly Overvalued. The stock's GF Value™ is 円886.02, compared to a current price of 円1,208.00 — trading 36.3% above its estimated fair value. The current Operating Income is 円3,174 Mil. Zenhoren Co's overall GF Score™ is 38/100 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 Zenhoren Co (TSE:5845), the current Operating Income is 円3,174 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 Zenhoren Co (TSE:5845) Overvalued in 2026?

Based on GuruFocus' analysis, Zenhoren Co stock appears to be overvalued. The current stock price of 円1,208.00 is trading 36.3% above its estimated GF Value™ of 円886.02. GuruFocus considers Zenhoren Co to be Significantly Overvalued.

Key valuation signals for TSE:5845:

  • Operating Income: 円3,174 Mil
  • GF Value™: 円886.02 vs. price of 円1,208.00 (36.3% above fair value)
  • GF Score™: 38/100 with 5 warning signs

No single metric tells the full story. See the TSE:5845 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zenhoren Co Business Description

Address 905 Ameku, Okinawa Prefecture, Naha, JPN, 900-8608
Zenhoren Co Ltd is engaged in the rent liability guarantee business, providing rent guarantee services for residential properties with coverage of up to 24 months rent, including monthly rent, moving-out settlement fees, and tenant accident expense insurance. For business use, the Z-Business NEO service covers stores and offices with guarantees up to 24 months rent. The company also offers guarantees for parking lots and trunk rooms, the Z-value service for combined rent guarantee and fire insurance via smartphone, and Z-WEB/Z-WEB2.0 for centralized management by real estate companies. In addition, Zenhoren provides Z-College Support (tuition guarantee), enabling vocational schools and students to pay tuition fees in installments.
38GF Score

Get the complete analysis for TSE:5845

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

円1,208.00
Price
円886.02
GF Value