Nadex Co (TSE:7435) Operating Income: 円1,119 Mil (TTM As of Apr. 2026)

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TSE:7435 Nadex Co Ltd TSE:7435
68 GF Score
Price 円1,196.00
GF Value 円1,138.62
Valuation Fairly Valued
! 1 Warning Sign
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What is Nadex Co Operating Income?

Nadex Co TSE:7435 +1.87% 68 Operating Income is 円1,119 Mil as of Apr. 2026. GuruFocus rates TSE:7435 with a GF Score™ of 68/100 and a GF Value™ of 円1,138.62 (Fairly Valued). The stock has 1 warning sign investors should review.

Nadex Co's Operating Income for the six months ended in Apr. 2026 was 円764 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was 円1,119 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nadex Co's Operating Income for the six months ended in Apr. 2026 was 円764 Mil. Nadex Co's Revenue for the six months ended in Apr. 2026 was 円19,989 Mil. Therefore, Nadex Co's Operating Margin % for the quarter that ended in Apr. 2026 was 3.82%.

Nadex Co's 5-Year average Growth Rate for Operating Margin % was -0.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nadex Co's annualized ROC % for the quarter that ended in Apr. 2026 was 4.34%. Nadex Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 16.71%.


Nadex Co  (TSE:7435) Operating Income Explanation

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

Nadex Co's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=1528.29 * ( 1 - 34.83% )/( (22872.837 + 22991.356)/ 2 )
=995.986593/22932.0965
=4.34 %

where

Invested Capital(Q: Oct. 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))
=29935.42 - 3174.036 - ( 3888.547 - max(0, 9615.791 - 19998.22+3888.547))
=22872.837

Invested Capital(Q: Apr. 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))
=32022.092 - 4268.526 - ( 4762.21 - max(0, 10138.451 - 21037.219+4762.21))
=22991.356

Note: The Operating Income data used here is two times the semi-annual (Apr. 2026) data.

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

Nadex Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1801.772/( ( (4561.129 + max(6513.886, 0)) + (4306.153 + max(6182.836, 0)) )/ 2 )
=1801.772/( ( 11075.015 + 10488.989 )/ 2 )
=1801.772/10782.002
=16.71 %

where Working Capital is:

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7669.721 + 4719.198 + 3720.754) - (3174.036 + 0 + 6421.751)
=6513.886

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8210.628 + 4664.256 + 3400.125) - (4268.526 + 0 + 5823.647)
=6182.836

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Apr. 2026) EBIT data.

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

Nadex Co's Operating Margin % for the quarter that ended in Apr. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2026 )/Revenue (Q: Apr. 2026 )
=764.145/19988.818
=3.82 %

* 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.


Nadex Co Operating Income Related Terms


Nadex Co Operating Income Historical Data

* Premium members only.

The historical data trend for Nadex 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.

Nadex Co Operating Income Chart

Nadex Co Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,176.27 1,933.94 961.89 762.77 1,119.20

Nadex Co Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 615.80 -96.63 859.40 355.05 764.15
TSE:7435
68GF Score
Nadex Co Ltd TSE:7435
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Nadex 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 Apr. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円1,119 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1,119 Mil mean?
Nadex Co (TSE:7435) has a Operating Income of 円1,119 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nadex Co and its competitors.
Is Nadex Co's Operating Income too high?
Nadex Co's current Operating Income is 円1,119 Mil. Overall, Nadex Co has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nadex Co's Operating Income compare to GEV and ETN?
Nadex Co's Operating Income of 円1,119 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 Nadex Co and its competitors. Nadex Co's current Operating Income is 円1,119 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nadex Co stock overvalued right now?
Based on GuruFocus' analysis, Nadex Co (TSE:7435) is currently considered Fairly Valued. The stock's GF Value™ is 円1,138.62, compared to a current price of 円1,196.00 — trading 5% above its estimated fair value. The current Operating Income is 円1,119 Mil. Nadex Co's overall GF Score™ is 68/100 with 1 warning sign 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 Nadex Co (TSE:7435), the current Operating Income is 円1,119 Mil as of Apr. 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 Nadex Co (TSE:7435) Overvalued in 2026?

Based on GuruFocus' analysis, Nadex Co stock appears to be overvalued. The current stock price of 円1,196.00 is trading 5% above its estimated GF Value™ of 円1,138.62. GuruFocus considers Nadex Co to be Fairly Valued.

Key valuation signals for TSE:7435:

  • Operating Income: 円1,119 Mil
  • GF Value™: 円1,138.62 vs. price of 円1,196.00 (5% above fair value)
  • GF Score™: 68/100 with 1 warning sign

No single metric tells the full story. See the TSE:7435 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nadex Co Business Description

Address 9-27 Furuwatari-cho, Naka-ku, Nagoya, Aichi, JPN, 460-8338
Nadex Co Ltd is engaged in the manufacturing, sale, and marketing of bonding material and installation work. It develops factory automation systems as well as manufactures, designs, and sells electronic control equipment. its product includes Resistance welding, Arc welding, laser, Plasma welding, Welding rod-welding wire, Industrial robot, NC processing machine, Equipment for hemming.
68GF Score

Get the complete analysis for TSE:7435

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

円1,196.00
Price
円1,138.62
GF Value