Shinko Shoji Co (TSE:8141) Operating Income: 円1,272 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:8141 Shinko Shoji Co Ltd TSE:8141
61 GF Score
Price 円1,565.00
GF Value 円721.64
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Shinko Shoji Co Operating Income?

Shinko Shoji Co TSE:8141 -0.06% 61 Operating Income is 円1,272 Mil as of Mar. 2026. GuruFocus rates TSE:8141 with a GF Score™ of 61/100 and a GF Value™ of 円721.64 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Shinko Shoji Co's Operating Income for the three months ended in Mar. 2026 was 円422 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,272 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Shinko Shoji Co's Operating Income for the three months ended in Mar. 2026 was 円422 Mil. Shinko Shoji Co's Revenue for the three months ended in Mar. 2026 was 円28,685 Mil. Therefore, Shinko Shoji Co's Operating Margin % for the quarter that ended in Mar. 2026 was 1.47%.

Warning Sign:

Shinko Shoji Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -17.2%.

Shinko Shoji Co's 5-Year average Growth Rate for Operating Margin % was -17.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shinko Shoji Co's annualized ROC % for the quarter that ended in Mar. 2026 was 2.48%. Shinko Shoji Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.19%.


Shinko Shoji Co  (TSE:8141) Operating Income Explanation

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

Shinko Shoji 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 )
=1688 * ( 1 - 44.6% )/( (39016 + 36429)/ 2 )
=935.152/37722.5
=2.48 %

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:

Shinko Shoji 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 )
=2300/( ( (1214 + max(15083, 0)) + (1207 + max(14903, 0)) )/ 2 )
=2300/( ( 16297 + 16110 )/ 2 )
=2300/16203.5
=14.19 %

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)
=(18331 + 13029 + 1526) - (13692 + 0 + 4111)
=15083

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19335 + 12514 + 1352) - (14034 + 0 + 4264)
=14903

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 %:

Shinko Shoji 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 )
=422/28685
=1.47 %

* 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.


Shinko Shoji Co Operating Income Related Terms


Shinko Shoji Co Operating Income Historical Data

* Premium members only.

The historical data trend for Shinko Shoji 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.

Shinko Shoji Co Operating Income Chart

Shinko Shoji Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,163.00 7,129.00 4,879.00 637.00 1,202.00

Shinko Shoji Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 213.00 304.00 263.00 422.00 283.00
TSE:8141
61GF Score
Shinko Shoji Co Ltd TSE:8141
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shinko Shoji 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1,272 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1,272 Mil mean?
Shinko Shoji Co (TSE:8141) has a Operating Income of 円1,272 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Shinko Shoji Co and its competitors.
Is Shinko Shoji Co's Operating Income too high?
Shinko Shoji Co's current Operating Income is 円1,272 Mil. Overall, Shinko Shoji Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinko Shoji Co's Operating Income compare to SNX and ARW?
Shinko Shoji Co's Operating Income of 円1,272 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Operating Income depends on the Hardware 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 Shinko Shoji Co and its competitors. Shinko Shoji Co's current Operating Income is 円1,272 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinko Shoji Co stock overvalued right now?
Based on GuruFocus' analysis, Shinko Shoji Co (TSE:8141) is currently considered Significantly Overvalued. The stock's GF Value™ is 円721.64, compared to a current price of 円1,565.00 — trading 116.9% above its estimated fair value. The current Operating Income is 円1,272 Mil. Shinko Shoji Co's overall GF Score™ is 61/100 with 8 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 Shinko Shoji Co (TSE:8141), the current Operating Income is 円1,272 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 Shinko Shoji Co (TSE:8141) Overvalued in 2026?

Based on GuruFocus' analysis, Shinko Shoji Co stock appears to be overvalued. The current stock price of 円1,565.00 is trading 116.9% above its estimated GF Value™ of 円721.64. GuruFocus considers Shinko Shoji Co to be Significantly Overvalued.

Key valuation signals for TSE:8141:

  • Operating Income: 円1,272 Mil
  • GF Value™: 円721.64 vs. price of 円1,565.00 (116.9% above fair value)
  • GF Score™: 61/100 with 8 warning signs

No single metric tells the full story. See the TSE:8141 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shinko Shoji Co Business Description

Other Exchanges SKSJF:USA
Address Art Village Osaki Central Tower13F, 1-2-2 Osaki, Shinagawa-ku, Tokyo, JPN, 141-8540
Shinko Shoji Co Ltd is engaged in the sale, import and export of electronic components & assembly products which includes memory products, microcomputers, system large scale integrations, semiconductors, capacitors, ferrite cores & color liquid crystals.
61GF Score

Get the complete analysis for TSE:8141

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

円1,565.00
Price
円721.64
GF Value