Refinverse Group (TSE:7375) Operating Income: 円161 Mil (TTM As of Dec. 2025)

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TSE:7375 Refinverse Group Inc TSE:7375
42 GF Score
Price 円1,138.00
GF Value 円661.13
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Refinverse Group Operating Income?

Refinverse Group TSE:7375 +3.64% 42 Operating Income is 円161 Mil as of Dec. 2025. GuruFocus rates TSE:7375 with a GF Score™ of 42/100 and a GF Value™ of 円661.13 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Refinverse Group's Operating Income for the three months ended in Dec. 2025 was 円0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was 円161 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Refinverse Group's Operating Income for the three months ended in Dec. 2025 was 円0 Mil. Refinverse Group's Revenue for the three months ended in Dec. 2025 was 円0 Mil. Therefore, Refinverse Group's Operating Margin % for the quarter that ended in Dec. 2025 was %.

Refinverse Group'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. Refinverse Group's annualized ROC % for the quarter that ended in Dec. 2025 was 0.00%. Refinverse Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.00%.


Refinverse Group  (TSE:7375) Operating Income Explanation

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

Refinverse Group'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 )
=0 * ( 1 - 0% )/( (2805.9 + 2782.082)/ 2 )
=0/2793.991
=0.00 %

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))
=3337.726 - 316.008 - ( 510.863 - max(0, 1073.16 - 1288.978+510.863))
=2805.9

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))
=3495.954 - 373.398 - ( 574.403 - max(0, 1127.312 - 1467.786+574.403))
=2782.082

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

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

Refinverse Group'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 )
=0/( ( (1935.385 + max(342.248, 0)) + (1914.131 + max(419.901, 0)) )/ 2 )
=0/( ( 2277.633 + 2334.032 )/ 2 )
=0/2305.8325
=0.00 %

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)
=(476.922 + 250.495 + 50.698) - (316.008 + 0 + 119.859)
=342.248

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(550.733 + 285.173 + 57.477) - (373.398 + 0 + 100.084)
=419.901

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 %:

Refinverse Group'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 )
=0/0
= %

* 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.


Refinverse Group Operating Income Related Terms


Refinverse Group Operating Income Historical Data

* Premium members only.

The historical data trend for Refinverse Group'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.

Refinverse Group Operating Income Chart

Refinverse Group Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Operating Income
263.04 211.33 32.68 182.22

Refinverse Group Quarterly Data
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 29.86 22.51 15.59 0.00 122.78
TSE:7375
42GF Score
Refinverse Group Inc TSE:7375
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Refinverse Group 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161 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161 Mil mean?
Refinverse Group (TSE:7375) has a Operating Income of 円161 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Refinverse Group and its competitors.
Is Refinverse Group's Operating Income too high?
Refinverse Group's current Operating Income is 円161 Mil. Overall, Refinverse Group has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Refinverse Group's Operating Income compare to DOW?
Refinverse Group's Operating Income of 円161 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good Operating Income depends on the Chemicals 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 Refinverse Group and its competitors. Refinverse Group's current Operating Income is 円161 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refinverse Group stock overvalued right now?
Based on GuruFocus' analysis, Refinverse Group (TSE:7375) is currently considered Significantly Overvalued. The stock's GF Value™ is 円661.13, compared to a current price of 円1,138.00 — trading 72.1% above its estimated fair value. The current Operating Income is 円161 Mil. Refinverse Group's overall GF Score™ is 42/100 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 Refinverse Group (TSE:7375), the current Operating Income is 円161 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 Refinverse Group (TSE:7375) Overvalued in 2026?

Based on GuruFocus' analysis, Refinverse Group stock appears to be overvalued. The current stock price of 円1,138.00 is trading 72.1% above its estimated GF Value™ of 円661.13. GuruFocus considers Refinverse Group to be Significantly Overvalued.

Key valuation signals for TSE:7375:

  • Operating Income: 円161 Mil
  • GF Value™: 円661.13 vs. price of 円1,138.00 (72.1% above fair value)
  • GF Score™: 42/100 with 3 warning signs

No single metric tells the full story. See the TSE:7375 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Refinverse Group Business Description

Address 2-2-1 Yurakucho, Chiyoda-ku, Tokyo, JPN, 103-0013
Refinverse Group Inc is a material recycling company engaged in Recycled resin recycling and manufacturing. It operates in two reportable segments Materials Business accepts the disposal of used carpet tiles, which are used as raw materials for products, mainly in the Tokyo metropolitan area. Recycled resin produced by cutting or crushing used carpet tiles, used in automobile airbags Recycled resins are produced by cutting, cleaning, thermoplasticizing, and extruding scraps and used fishing nets from the manufacturing process; and Resource business is centered around the Tokyo metropolitan area and includes intermediate processing and recycling of industrial waste, as well as collection and transportation of industrial waste.
42GF Score

Get the complete analysis for TSE:7375

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

円1,138.00
Price
円661.13
GF Value