Nippon Antenna Co (TSE:6930) Operating Income: 円2,413 Mil (TTM As of Sep. 2025)

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TSE:6930 Nippon Antenna Co Ltd TSE:6930
36 GF Score
Price 円823.00
GF Value 円435.28
! 6 Warning Signs
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What is Nippon Antenna Co Operating Income?

Nippon Antenna Co TSE:6930 +0.24% 36 Operating Income is 円2,413 Mil as of Sep. 2025. GuruFocus rates TSE:6930 with a GF Score™ of 36/100 and a GF Value™ of 円435.28. The stock has 6 warning signs investors should review.

Nippon Antenna Co's Operating Income for the six months ended in Sep. 2025 was 円1,481 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was 円2,413 Mil.

Warning Sign:

Nippon Antenna Co Ltd had lost money in 67% of the time over the past 3quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nippon Antenna Co's Operating Income for the six months ended in Sep. 2025 was 円1,481 Mil. Nippon Antenna Co's Revenue for the six months ended in Sep. 2025 was 円6,193 Mil. Therefore, Nippon Antenna Co's Operating Margin % for the quarter that ended in Sep. 2025 was 23.91%.

Nippon Antenna 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 Antenna Co's annualized ROC % for the quarter that ended in Sep. 2025 was 38.38%. Nippon Antenna Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 52.21%.


Nippon Antenna Co  (TSE:6930) Operating Income Explanation

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

Nippon Antenna Co's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=2962 * ( 1 - 0% )/( (7339 + 8096)/ 2 )
=2962/7717.5
=38.38 %

where

Note: The Operating Income data used here is two times the semi-annual (Sep. 2025) data.

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

Nippon Antenna Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2962/( ( (1392 + max(4150, 0)) + (1373 + max(4432, 0)) )/ 2 )
=2962/( ( 5542 + 5805 )/ 2 )
=2962/5673.5
=52.21 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3171 + 1871 + 1154) - (1059 + 0 + 987)
=4150

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3535 + 1772 + 1330) - (966 + 0 + 1239)
=4432

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2025) EBIT data.

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

Nippon Antenna Co's Operating Margin % for the quarter that ended in Sep. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=1481/6193
=23.91 %

* 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 Antenna Co Operating Income Related Terms


Nippon Antenna Co Operating Income Historical Data

* Premium members only.

The historical data trend for Nippon Antenna 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 Antenna Co Operating Income Chart

Nippon Antenna Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 290.00 -1,293.00 -1,925.00 -2,075.00 495.00

Nippon Antenna Co Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 -1,379.00 -696.00 -437.00 932.00 1,481.00
TSE:6930
36GF Score
Nippon Antenna Co Ltd TSE:6930
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Antenna 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 Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円2,413 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2,413 Mil mean?
Nippon Antenna Co (TSE:6930) has a Operating Income of 円2,413 Mil as of Sep. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nippon Antenna Co and its competitors.
Is Nippon Antenna Co's Operating Income too high?
Nippon Antenna Co's current Operating Income is 円2,413 Mil. Overall, Nippon Antenna Co has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Antenna Co's Operating Income compare to CSCO and MSI?
Nippon Antenna Co's Operating Income of 円2,413 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Operating Income depends on the Hardware 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 Antenna Co and its competitors. Nippon Antenna Co's current Operating Income is 円2,413 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Antenna Co stock overvalued right now?
Nippon Antenna Co (TSE:6930) has a current Operating Income of 円2,413 Mil. The stock's GF Value™ is 円435.28, compared to a current price of 円823.00 — trading 89.1% above its estimated fair value. The current Operating Income is 円2,413 Mil. Nippon Antenna Co's overall GF Score™ is 36/100 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 Antenna Co (TSE:6930), the current Operating Income is 円2,413 Mil as of Sep. 2025. 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 Antenna Co (TSE:6930) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Antenna Co stock appears to be overvalued. The current stock price of 円823.00 is trading 89.1% above its estimated GF Value™ of 円435.28.

Key valuation signals for TSE:6930:

  • Operating Income: 円2,413 Mil
  • GF Value™: 円435.28 vs. price of 円823.00 (89.1% above fair value)
  • GF Score™: 36/100 with 6 warning signs

No single metric tells the full story. See the TSE:6930 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Antenna Co Business Description

Address 7-49-8 Nishi Ogu, Arakawa-ku, Tokyo, JPN
Nippon Antenna Co Ltd manufactures and sale of antennas for telecommunications, automobiles, and electronic equipment. The its products include satellite, mobile phones, television reception antennas, and satellite broadcasting, cable television (CATV), CATV Internet, satellite reception and radio wave interference counter measures.
36GF Score

Get the complete analysis for TSE:6930

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

円823.00
Price
円435.28
GF Value