Sincere Co (TSE:7782) Operating Income: 円515 Mil (TTM As of Dec. 2025)

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TSE:7782 Sincere Co Ltd TSE:7782
82 GF Score
Price 円473.00
GF Value 円687.63
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Sincere Co Operating Income?

Sincere Co TSE:7782 +1.07% 82 Operating Income is 円515 Mil as of Dec. 2025. GuruFocus rates TSE:7782 with a GF Score™ of 82/100 and a GF Value™ of 円687.63 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Sincere Co's Operating Income for the three months ended in Dec. 2025 was 円130 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was 円515 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sincere Co's Operating Income for the three months ended in Dec. 2025 was 円130 Mil. Sincere Co's Revenue for the three months ended in Dec. 2025 was 円2,037 Mil. Therefore, Sincere Co's Operating Margin % for the quarter that ended in Dec. 2025 was 6.36%.

Good Sign:

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

Sincere Co's 5-Year average Growth Rate for Operating Margin % was 18.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sincere Co's annualized ROC % for the quarter that ended in Dec. 2025 was 3.74%. Sincere Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 13.23%.


Sincere Co  (TSE:7782) Operating Income Explanation

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

Sincere 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 )
=518.004 * ( 1 - 75.36% )/( (3286.636 + 3529.741)/ 2 )
=127.6361856/3408.1885
=3.74 %

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))
=5664.046 - 494.775 - ( 1882.635 - max(0, 2279.695 - 4898.74+1882.635))
=3286.636

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))
=5383.494 - 194.873 - ( 1658.88 - max(0, 2021.644 - 4653.709+1658.88))
=3529.741

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

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

Sincere 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 )
=302.064/( ( (62.055 + max(2104.362, 0)) + (60.013 + max(2341.097, 0)) )/ 2 )
=302.064/( ( 2166.417 + 2401.11 )/ 2 )
=302.064/2283.7635
=13.23 %

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)
=(1052.44 + 1329.162 + 634.503) - (494.775 + 0 + 416.968)
=2104.362

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1130.124 + 1183.057 + 681.648) - (194.873 + 0 + 458.859)
=2341.097

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 %:

Sincere 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 )
=129.501/2036.771
=6.36 %

* 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.


Sincere Co Operating Income Related Terms


Sincere Co Operating Income Historical Data

* Premium members only.

The historical data trend for Sincere 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.

Sincere Co Operating Income Chart

Sincere Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 105.20 150.52 377.02 484.85 524.52

Sincere 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 153.02 122.95 119.05 129.50 143.27
TSE:7782
82GF Score
Sincere Co Ltd TSE:7782
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sincere 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515 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515 Mil mean?
Sincere Co (TSE:7782) has a Operating Income of 円515 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Sincere Co and its competitors.
Is Sincere Co's Operating Income too high?
Sincere Co's current Operating Income is 円515 Mil. Overall, Sincere Co has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sincere Co's Operating Income compare to ISRG and BDX?
Sincere Co's Operating Income of 円515 Mil can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Operating Income depends on the Medical Devices & Instruments 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 Sincere Co and its competitors. Sincere Co's current Operating Income is 円515 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sincere Co stock overvalued right now?
Based on GuruFocus' analysis, Sincere Co (TSE:7782) is currently considered Significantly Undervalued. The stock's GF Value™ is 円687.63, compared to a current price of 円473.00 — trading 31.2% below its estimated fair value. The current Operating Income is 円515 Mil. Sincere 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 Sincere Co (TSE:7782), the current Operating Income is 円515 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 Sincere Co (TSE:7782) Overvalued in 2026?

Based on GuruFocus' analysis, Sincere Co stock appears to be undervalued. The current stock price of 円473.00 is trading 31.2% below its estimated GF Value™ of 円687.63. GuruFocus considers Sincere Co to be Significantly Undervalued.

Key valuation signals for TSE:7782:

  • Operating Income: 円515 Mil
  • GF Value™: 円687.63 vs. price of 円473.00 (31.2% below fair value)
  • GF Score™: 82/100 with 2 warning signs

No single metric tells the full story. See the TSE:7782 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sincere Co Business Description

Address 1-28-34 Hongo, Bunkyo-ku, 6th Floor, Hongo MK Building, Tokyo, JPN, 113-0033
Sincere Co Ltd is a Japanese firm engaged in the manufacturing and sale of contact lens.As a company that manufactures and sells contact lenses, which are high-regulated medical devices, it place the highest priority on product safety and quality control, while working closely with company's customers to develop a variety-of-products and sell them at affordable prices to please as many customers as possible. The company opperates domestically as well as internationally.
82GF Score

Get the complete analysis for TSE:7782

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

円473.00
Price
円687.63
GF Value