Miahelsa Holdings (TSE:7129) Operating Income: 円824 Mil (TTM As of Mar. 2026)

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TSE:7129 Miahelsa Holdings Corp TSE:7129
45 GF Score
Price 円1,158.00
GF Value 円1,071.00
Valuation Fairly Valued
! 3 Warning Signs
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What is Miahelsa Holdings Operating Income?

Miahelsa Holdings TSE:7129 +0.70% 45 Operating Income is 円824 Mil as of Mar. 2026. GuruFocus rates TSE:7129 with a GF Score™ of 45/100 and a GF Value™ of 円1,071.00 (Fairly Valued). The stock has 3 warning signs investors should review.

Miahelsa Holdings's Operating Income for the six months ended in Mar. 2026 was 円631 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円824 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Miahelsa Holdings's Operating Income for the six months ended in Mar. 2026 was 円631 Mil. Miahelsa Holdings's Revenue for the six months ended in Mar. 2026 was 円12,862 Mil. Therefore, Miahelsa Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 4.91%.

Miahelsa 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. Miahelsa Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 2.77%. Miahelsa Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.63%.


Miahelsa Holdings  (TSE:7129) Operating Income Explanation

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

Miahelsa 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 )
=1261.92 * ( 1 - 74.32% )/( (10715.319 + 12661.884)/ 2 )
=324.061056/11688.6015
=2.77 %

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))
=12451.191 - 2727.959 - ( 1370.919 - max(0, 5819.705 - 4827.618+1370.919))
=10715.319

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))
=15594.059 - 2976.173 - ( 4523.755 - max(0, 8440.57 - 8396.572+4523.755))
=12661.884

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:

Miahelsa 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 )
=523.962/( ( (5645.83 + max(-939.26, 0)) + (5237.823 + max(-593.298, 0)) )/ 2 )
=523.962/( ( 5645.83 + 5237.823 )/ 2 )
=523.962/5441.8265
=9.63 %

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)
=(2403.417 + 405.27 + 487.744) - (2727.959 + 0 + 1507.732)
=-939.26

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2830.912 + 438.139 + 432.704) - (2976.173 + 0 + 1318.88)
=-593.298

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 %:

Miahelsa 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 )
=630.96/12861.514
=4.91 %

* 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.


Miahelsa Holdings Operating Income Related Terms


Miahelsa Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Miahelsa 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.

Miahelsa Holdings Operating Income Chart

Miahelsa Holdings Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
186.37 191.11 395.23 641.17 824.30

Miahelsa Holdings Semi-Annual Data
Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only 370.28 124.69 516.48 193.34 630.96
TSE:7129
45GF Score
Miahelsa Holdings Corp TSE:7129
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Miahelsa 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824 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824 Mil mean?
Miahelsa Holdings (TSE:7129) has a Operating Income of 円824 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Miahelsa Holdings and its competitors.
Is Miahelsa Holdings' Operating Income too high?
Miahelsa Holdings' current Operating Income is 円824 Mil. Overall, Miahelsa Holdings has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Miahelsa Holdings' Operating Income compare to competitors?
Miahelsa Holdings' Operating Income of 円824 Mil can be compared against companies in the Healthcare Providers & 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 Healthcare Providers & Services company?
A good Operating Income depends on the Healthcare Providers & 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 Miahelsa Holdings and its competitors. Miahelsa Holdings's current Operating Income is 円824 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miahelsa Holdings stock overvalued right now?
Based on GuruFocus' analysis, Miahelsa Holdings (TSE:7129) is currently considered Fairly Valued. The stock's GF Value™ is 円1,071.00, compared to a current price of 円1,158.00 — trading 8.1% above its estimated fair value. The current Operating Income is 円824 Mil. Miahelsa Holdings' overall GF Score™ is 45/100 with 3 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 Miahelsa Holdings (TSE:7129), the current Operating Income is 円824 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 Miahelsa Holdings (TSE:7129) Overvalued in 2026?

Based on GuruFocus' analysis, Miahelsa Holdings stock appears to be overvalued. The current stock price of 円1,158.00 is trading 8.1% above its estimated GF Value™ of 円1,071.00. GuruFocus considers Miahelsa Holdings to be Fairly Valued.

Key valuation signals for TSE:7129:

  • Operating Income: 円824 Mil
  • GF Value™: 円1,071.00 vs. price of 円1,158.00 (8.1% above fair value)
  • GF Score™: 45/100 with 3 warning signs

No single metric tells the full story. See the TSE:7129 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Miahelsa Holdings Business Description

Address Ichigaya Nakano-cho 3-19, Shinjuku-ku, Tokyo, JPN, 162-0064
Miahelsa Holdings Corp, along with its subsidiaries, operates in the following reportable segments: Pharmaceutical Business, Nursing Care Business, and Childcare Business. The majority of its revenue is generated from the Pharmaceuticals Business, which operates pharmaceutical dispensaries in Japan through Nissei Pharmacy and Miahelsa Pharmacy brands, and also offers home care services. The Nursing care business mainly provides housing, medical care, nursing care, prevention, and lifestyle support for elderly people, and the Childcare segment involves the operation of licensed childcare centers. In addition, the group also operates a food business providing food suitable for all ages, from infants to the elderly.
45GF Score

Get the complete analysis for TSE:7129

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

円1,158.00
Price
円1,071.00
GF Value