Micreed Co (TSE:7687) Operating Income: 円390 Mil (TTM As of Mar. 2026)

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TSE:7687 Micreed Co Ltd TSE:7687
65 GF Score
Price 円428.00
GF Value 円642.10
Valuation Significantly Undervalued
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What is Micreed Co Operating Income?

Micreed Co TSE:7687 +0.71% 65 Operating Income is 円390 Mil as of Mar. 2026. GuruFocus rates TSE:7687 with a GF Score™ of 65/100 and a GF Value™ of 円642.10 (Significantly Undervalued).

Micreed Co's Operating Income for the three months ended in Mar. 2026 was 円15 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円390 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Micreed Co's Operating Income for the three months ended in Mar. 2026 was 円15 Mil. Micreed Co's Revenue for the three months ended in Mar. 2026 was 円1,880 Mil. Therefore, Micreed Co's Operating Margin % for the quarter that ended in Mar. 2026 was 0.80%.

Micreed 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. Micreed Co's annualized ROC % for the quarter that ended in Mar. 2026 was 10.48%. Micreed Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.86%.


Micreed Co  (TSE:7687) Operating Income Explanation

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

Micreed Co'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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=60 * ( 1 - 0% )/( (583 + 562)/ 2 )
=60/572.5
=10.48 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Micreed Co'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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=60/( ( (110 + max(192, 0)) + (108 + max(139, 0)) )/ 2 )
=60/( ( 302 + 247 )/ 2 )
=60/274.5
=21.86 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1021 + 310 + 8) - (1137 + 0 + 10)
=192

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(953 + 254 + 6) - (1050 + 0 + 24)
=139

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Micreed Co'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 )
=15/1880
=0.80 %

* 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.


Micreed Co Operating Income Related Terms


Micreed Co Operating Income Historical Data

* Premium members only.

The historical data trend for Micreed 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.

Micreed Co Operating Income Chart

Micreed Co Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only -59.00 194.00 322.00 372.00 407.00

Micreed Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 116.00 123.00 153.00 15.00 99.00
TSE:7687
65GF Score
Micreed Co Ltd TSE:7687
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Micreed 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円390 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390 Mil mean?
Micreed Co (TSE:7687) has a Operating Income of 円390 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Micreed Co and its competitors.
Is Micreed Co's Operating Income too high?
Micreed Co's current Operating Income is 円390 Mil. Overall, Micreed Co has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Micreed Co's Operating Income compare to SYY and USFD?
Micreed Co's Operating Income of 円390 Mil can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Operating Income depends on the Retail - Defensive 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 Micreed Co and its competitors. Micreed Co's current Operating Income is 円390 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micreed Co stock overvalued right now?
Based on GuruFocus' analysis, Micreed Co (TSE:7687) is currently considered Significantly Undervalued. The stock's GF Value™ is 円642.10, compared to a current price of 円428.00 — trading 33.3% below its estimated fair value. The current Operating Income is 円390 Mil. Micreed Co's overall GF Score™ is 65/100. 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 Micreed Co (TSE:7687), the current Operating Income is 円390 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 Micreed Co (TSE:7687) Overvalued in 2026?

Based on GuruFocus' analysis, Micreed Co stock appears to be undervalued. The current stock price of 円428.00 is trading 33.3% below its estimated GF Value™ of 円642.10. GuruFocus considers Micreed Co to be Significantly Undervalued.

Key valuation signals for TSE:7687:

  • Operating Income: 円390 Mil
  • GF Value™: 円642.10 vs. price of 円428.00 (33.3% below fair value)
  • GF Score™: 65/100

No single metric tells the full story. See the TSE:7687 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Micreed Co Business Description

Address 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Shinjuku Monolith 28th Floor, Shipping Center: Narashino City, Chiba Prefecture, Order Center Saga City, Saga Prefecture, Tokyo, JPN, 103-0027
Micreed Co Ltd is engaged in the planning and sales of commercial ingredients for restaurants. The company sells products such as meat, fish, vegetables, skewers, fried foods, and desserts, frozen foods. It serves small and medium-sized restaurants, mainly privately owned izakayas. The Company operates a single segment, the mail order business of food ingredients for commercial use.
65GF Score

Get the complete analysis for TSE:7687

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

円428.00
Price
円642.10
GF Value