HIRAYAMA Holdings Co (TSE:7781) Operating Income: 円1,775 Mil (TTM As of Dec. 2025)

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TSE:7781 HIRAYAMA Holdings Co Ltd TSE:7781
82 GF Score
Price 円882.00
GF Value 円568.15
Valuation Significantly Overvalued
! 2 Warning Signs
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What is HIRAYAMA Holdings Co Operating Income?

HIRAYAMA Holdings Co TSE:7781 +6.27% 82 Operating Income is 円1,775 Mil as of Dec. 2025. GuruFocus rates TSE:7781 with a GF Score™ of 82/100 and a GF Value™ of 円568.15 (Significantly Overvalued). The stock has 2 warning signs investors should review.

HIRAYAMA Holdings Co's Operating Income for the three months ended in Dec. 2025 was 円571 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was 円1,775 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. HIRAYAMA Holdings Co's Operating Income for the three months ended in Dec. 2025 was 円571 Mil. HIRAYAMA Holdings Co's Revenue for the three months ended in Dec. 2025 was 円9,523 Mil. Therefore, HIRAYAMA Holdings Co's Operating Margin % for the quarter that ended in Dec. 2025 was 6.00%.

Good Sign:

HIRAYAMA Holdings Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

HIRAYAMA Holdings Co's 5-Year average Growth Rate for Operating Margin % was 14.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HIRAYAMA Holdings Co's annualized ROC % for the quarter that ended in Dec. 2025 was 40.79%. HIRAYAMA Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 392.57%.


HIRAYAMA Holdings Co  (TSE:7781) Operating Income Explanation

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

HIRAYAMA Holdings Co'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 )
=2285.472 * ( 1 - 35.22% )/( (3756.364 + 3503.499)/ 2 )
=1480.5287616/3629.9315
=40.79 %

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))
=12526.994 - 2932.889 - ( 6163.745 - max(0, 4857.226 - 10694.967+6163.745))
=3756.364

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))
=13086.321 - 3335.568 - ( 6762.816 - max(0, 5110.205 - 11357.459+6762.816))
=3503.499

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

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

HIRAYAMA Holdings Co'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 )
=2269.668/( ( (539.276 + max(97.696, 0)) + (519.343 + max(-150.562, 0)) )/ 2 )
=2269.668/( ( 636.972 + 519.343 )/ 2 )
=2269.668/578.1575
=392.57 %

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)
=(3907.793 + 0 + 623.429) - (2932.889 + 0 + 1500.637)
=97.696

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3919.394 + 0 + 675.249) - (3335.568 + 0 + 1409.637)
=-150.562

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 %:

HIRAYAMA Holdings Co'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 )
=571.368/9522.948
=6.00 %

* 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.


HIRAYAMA Holdings Co Operating Income Related Terms


HIRAYAMA Holdings Co Operating Income Historical Data

* Premium members only.

The historical data trend for HIRAYAMA Holdings 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.

HIRAYAMA Holdings Co Operating Income Chart

HIRAYAMA Holdings Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 532.24 692.08 893.41 1,119.02 1,270.46

HIRAYAMA Holdings Co 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 254.81 268.05 490.08 571.37 445.92
TSE:7781
82GF Score
HIRAYAMA Holdings Co Ltd TSE:7781
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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HIRAYAMA Holdings 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円1,775 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1,775 Mil mean?
HIRAYAMA Holdings Co (TSE:7781) has a Operating Income of 円1,775 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on HIRAYAMA Holdings Co and its competitors.
Is HIRAYAMA Holdings Co's Operating Income too high?
HIRAYAMA Holdings Co's current Operating Income is 円1,775 Mil. Overall, HIRAYAMA Holdings Co has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HIRAYAMA Holdings Co's Operating Income compare to KFY and RHI?
HIRAYAMA Holdings Co's Operating Income of 円1,775 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 HIRAYAMA Holdings Co and its competitors. HIRAYAMA Holdings Co's current Operating Income is 円1,775 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HIRAYAMA Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, HIRAYAMA Holdings Co (TSE:7781) is currently considered Significantly Overvalued. The stock's GF Value™ is 円568.15, compared to a current price of 円882.00 — trading 55.2% above its estimated fair value. The current Operating Income is 円1,775 Mil. HIRAYAMA Holdings Co's overall GF Score™ is 82/100 with 2 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 HIRAYAMA Holdings Co (TSE:7781), the current Operating Income is 円1,775 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 HIRAYAMA Holdings Co (TSE:7781) Overvalued in 2026?

Based on GuruFocus' analysis, HIRAYAMA Holdings Co stock appears to be overvalued. The current stock price of 円882.00 is trading 55.2% above its estimated GF Value™ of 円568.15. GuruFocus considers HIRAYAMA Holdings Co to be Significantly Overvalued.

Key valuation signals for TSE:7781:

  • Operating Income: 円1,775 Mil
  • GF Value™: 円568.15 vs. price of 円882.00 (55.2% above fair value)
  • GF Score™: 82/100 with 2 warning signs

No single metric tells the full story. See the TSE:7781 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HIRAYAMA Holdings Co Business Description

Address 1-8-40 Konan, 6th Floor, A-Place Shinagawa, Minato-ku, Tokyo, JPN, 108-0075
HIRAYAMA Holdings Co Ltd is engaged in the staffing business. The company's services include manufacturing consulting service, Factory outsourcing service, Temp staffing service, and Fee-charging job placement service. It also provides in-sourcing/dispatch projects and engineer dispatch/contract development projects.
82GF Score

Get the complete analysis for TSE:7781

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

円882.00
Price
円568.15
GF Value