Placo Co (TSE:6347) Operating Income: 円138 Mil (TTM As of Mar. 2026)

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TSE:6347 Placo Co Ltd TSE:6347
59 GF Score
Price 円282.00
GF Value 円187.26
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Placo Co Operating Income?

Placo Co TSE:6347 +4.44% 59 Operating Income is 円138 Mil as of Mar. 2026. GuruFocus rates TSE:6347 with a GF Score™ of 59/100 and a GF Value™ of 円187.26 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Placo Co's Operating Income for the three months ended in Mar. 2026 was 円117 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円138 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Placo Co's Operating Income for the three months ended in Mar. 2026 was 円117 Mil. Placo Co's Revenue for the three months ended in Mar. 2026 was 円986 Mil. Therefore, Placo Co's Operating Margin % for the quarter that ended in Mar. 2026 was 11.83%.

Placo 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. Placo Co's annualized ROC % for the quarter that ended in Mar. 2026 was 22.84%. Placo Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 32.34%.


Placo Co  (TSE:6347) Operating Income Explanation

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

Placo 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 )
=466.424 * ( 1 - 3.51% )/( (1959.379 + 1980.766)/ 2 )
=450.0525176/1970.0725
=22.84 %

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))
=2952.207 - 110.601 - ( 882.227 - max(0, 954.709 - 2179.7+882.227))
=1959.379

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))
=3134.806 - 195.74 - ( 958.3 - max(0, 1017.114 - 2359.399+958.3))
=1980.766

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

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

Placo 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 )
=480.636/( ( (540.751 + max(965.256, 0)) + (527.519 + max(938.594, 0)) )/ 2 )
=480.636/( ( 1506.007 + 1466.113 )/ 2 )
=480.636/1486.06
=32.34 %

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)
=(415.546 + 452.242 + 429.685) - (110.601 + 0 + 221.616)
=965.256

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(654.932 + 294.709 + 381.66) - (195.74 + 0 + 196.967)
=938.594

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 %:

Placo 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 )
=116.606/985.929
=11.83 %

* 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.


Placo Co Operating Income Related Terms


Placo Co Operating Income Historical Data

* Premium members only.

The historical data trend for Placo 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.

Placo Co Operating Income Chart

Placo 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 195.75 192.48 -257.71 -139.12 138.43

Placo Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -40.20 14.49 47.54 116.61
TSE:6347
59GF Score
Placo Co Ltd TSE:6347
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Placo 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138 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138 Mil mean?
Placo Co (TSE:6347) has a Operating Income of 円138 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Placo Co and its competitors.
Is Placo Co's Operating Income too high?
Placo Co's current Operating Income is 円138 Mil. Overall, Placo Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Placo Co's Operating Income compare to GEV and ETN?
Placo Co's Operating Income of 円138 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Operating Income depends on the Industrial Products 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 Placo Co and its competitors. Placo Co's current Operating Income is 円138 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Placo Co stock overvalued right now?
Based on GuruFocus' analysis, Placo Co (TSE:6347) is currently considered Significantly Overvalued. The stock's GF Value™ is 円187.26, compared to a current price of 円282.00 — trading 50.6% above its estimated fair value. The current Operating Income is 円138 Mil. Placo Co's overall GF Score™ is 59/100 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 Placo Co (TSE:6347), the current Operating Income is 円138 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 Placo Co (TSE:6347) Overvalued in 2026?

Based on GuruFocus' analysis, Placo Co stock appears to be overvalued. The current stock price of 円282.00 is trading 50.6% above its estimated GF Value™ of 円187.26. GuruFocus considers Placo Co to be Significantly Overvalued.

Key valuation signals for TSE:6347:

  • Operating Income: 円138 Mil
  • GF Value™: 円187.26 vs. price of 円282.00 (50.6% above fair value)
  • GF Score™: 59/100 with 6 warning signs

No single metric tells the full story. See the TSE:6347 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Placo Co Business Description

Address 550 Sasakubo Shinden, Iwatsuki-ku, Saitama prefecture, Saitama, JPN, 339 8558
Placo Co Ltd is a Japanese manufacturer of the plastic processing machine and recycling equipment. The company offers products such as blown film forming machine, blow molding machine, recycling machine, inflation molding equipment, and others.
59GF Score

Get the complete analysis for TSE:6347

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

円282.00
Price
円187.26
GF Value