Meiho Holdings (TSE:7369) Operating Income: 円301 Mil (TTM As of Dec. 2025)

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TSE:7369 Meiho Holdings Inc TSE:7369
67 GF Score
Price 円354.00
GF Value 円961.90
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Meiho Holdings Operating Income?

Meiho Holdings TSE:7369 +0.57% 67 Operating Income is 円301 Mil as of Dec. 2025. GuruFocus rates TSE:7369 with a GF Score™ of 67/100 and a GF Value™ of 円961.90 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Meiho Holdings's Operating Income for the three months ended in Dec. 2025 was 円9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was 円301 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Meiho Holdings's Operating Income for the three months ended in Dec. 2025 was 円9 Mil. Meiho Holdings's Revenue for the three months ended in Dec. 2025 was 円3,295 Mil. Therefore, Meiho Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was 0.28%.

Warning Sign:

Meiho Holdings Inc operating margin has been in a 5-year decline. The average rate of decline per year is -17.8%.

Meiho Holdings's 5-Year average Growth Rate for Operating Margin % was -17.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Meiho Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 0.10%. Meiho Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 15.05%.


Meiho Holdings  (TSE:7369) Operating Income Explanation

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

Meiho Holdings's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=36.388 * ( 1 - 82.36% )/( (6204.897 + 6907.066)/ 2 )
=6.4188432/6555.9815
=0.10 %

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))
=6408.211 - 297.417 - ( 456.146 - max(0, 2785.775 - 2691.672+456.146))
=6204.897

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))
=7330.47 - 607.014 - ( 292.721 - max(0, 3857.535 - 3673.925+292.721))
=6907.066

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Meiho Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=220.164/( ( (1459.999 + max(-712.941, 0)) + (1465.372 + max(-640.767, 0)) )/ 2 )
=220.164/( ( 1459.999 + 1465.372 )/ 2 )
=220.164/1462.6855
=15.05 %

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)
=(829.692 + 31.484 + 211.649) - (297.417 + 0 + 1488.349)
=-712.941

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(925.003 + 35.899 + 360.1) - (607.014 + 0 + 1354.755)
=-640.767

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Meiho Holdings's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=9.097/3294.613
=0.28 %

* 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.


Meiho Holdings Operating Income Related Terms


Meiho Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Meiho 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.

Meiho Holdings Operating Income Chart

Meiho Holdings Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial 383.82 342.81 462.36 146.67 472.17

Meiho Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 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 530.41 -158.54 -124.77 9.10 575.28
TSE:7369
67GF Score
Meiho Holdings Inc TSE:7369
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Meiho 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円301 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301 Mil mean?
Meiho Holdings (TSE:7369) has a Operating Income of 円301 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Meiho Holdings and its competitors.
Is Meiho Holdings' Operating Income too high?
Meiho Holdings' current Operating Income is 円301 Mil. Overall, Meiho Holdings has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Meiho Holdings' Operating Income compare to CTAS and CPRT?
Meiho Holdings' Operating Income of 円301 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 Meiho Holdings and its competitors. Meiho Holdings's current Operating Income is 円301 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiho Holdings stock overvalued right now?
Based on GuruFocus' analysis, Meiho Holdings (TSE:7369) is currently considered Significantly Undervalued. The stock's GF Value™ is 円961.90, compared to a current price of 円354.00 — trading 63.2% below its estimated fair value. The current Operating Income is 円301 Mil. Meiho Holdings' overall GF Score™ is 67/100 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 Meiho Holdings (TSE:7369), the current Operating Income is 円301 Mil as of Dec. 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 Meiho Holdings (TSE:7369) Overvalued in 2026?

Based on GuruFocus' analysis, Meiho Holdings stock appears to be undervalued. The current stock price of 円354.00 is trading 63.2% below its estimated GF Value™ of 円961.90. GuruFocus considers Meiho Holdings to be Significantly Undervalued.

Key valuation signals for TSE:7369:

  • Operating Income: 円301 Mil
  • GF Value™: 円961.90 vs. price of 円354.00 (63.2% below fair value)
  • GF Score™: 67/100 with 5 warning signs

No single metric tells the full story. See the TSE:7369 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meiho Holdings Business Description

Address 6-21 Fukiagecho, Gifu, JPN, 500-8326
Meiho Holdings Inc is engaged in the Group Corporate Planning which has corporate planning, overall management of general affairs, accounting, human resources, and legal affairs, promotion of digital transformation, support for the growth of individual companies, and internal audits. Construction-related services business provides construction consulting services for public works projects such as roads, rivers, and bridges to the main clients, including national and local governments using the latest technologies. Human Resources Related Services Business is businesses are human resources for construction engineers and manufacturing staff, overseas outsourcing, and security services, and is the main business. Nursing care business includes nursing for people.
67GF Score

Get the complete analysis for TSE:7369

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

円354.00
Price
円961.90
GF Value