Nissan Securities Group Co (TSE:8705) Operating Income: 円1,468 Mil (TTM As of Mar. 2026)

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TSE:8705 Nissan Securities Group Co Ltd TSE:8705
68 GF Score
Price 円226.00
GF Value 円241.48
Valuation Fairly Valued
! 3 Warning Signs
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What is Nissan Securities Group Co Operating Income?

Nissan Securities Group Co TSE:8705 +3.20% 68 Operating Income is 円1,468 Mil as of Mar. 2026. GuruFocus rates TSE:8705 with a GF Score™ of 68/100 and a GF Value™ of 円241.48 (Fairly Valued). The stock has 3 warning signs investors should review.

Nissan Securities Group Co's Operating Income for the three months ended in Mar. 2026 was 円444 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,468 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nissan Securities Group Co's Operating Income for the three months ended in Mar. 2026 was 円444 Mil. Nissan Securities Group Co's Revenue for the three months ended in Mar. 2026 was 円2,518 Mil. Therefore, Nissan Securities Group Co's Operating Margin % for the quarter that ended in Mar. 2026 was 17.64%.

Nissan Securities Group 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. Nissan Securities Group Co's annualized ROC % for the quarter that ended in Mar. 2026 was 0.56%. Nissan Securities Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 183.45%.


Nissan Securities Group Co  (TSE:8705) Operating Income Explanation

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

Nissan Securities Group 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 )
=1776.412 * ( 1 - 20.83% )/( (247897.407 + 258583.49)/ 2 )
=1406.3853804/253240.4485
=0.56 %

where

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))
=260815.116 - 824.485 - ( 13114.986 - max(0, 242568.298 - 254661.522+13114.986))
=247897.407

Invested Capital(Q: Mar. 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))
=272032.047 - 794.412 - ( 12942.147 - max(0, 252675.985 - 265330.13+12942.147))
=258583.49

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

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

Nissan Securities Group 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 )
=890.332/( ( (274.722 + max(-7167.328, 0)) + (695.95 + max(-7763.348, 0)) )/ 2 )
=890.332/( ( 274.722 + 695.95 )/ 2 )
=890.332/485.336
=183.45 %

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)
=(52.894 + 12761.609 + 215019.557) - (824.485 + 0 + 234176.903)
=-7167.328

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.638 + 141.166 + 238956.663) - (794.412 + 0 + 246095.403)
=-7763.348

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 %:

Nissan Securities Group 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 )
=444.103/2518.083
=17.64 %

* 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.


Nissan Securities Group Co Operating Income Related Terms


Nissan Securities Group Co Operating Income Historical Data

* Premium members only.

The historical data trend for Nissan Securities Group 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.

Nissan Securities Group Co Operating Income Chart

Nissan Securities Group 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 -163.95 274.72 904.02 712.72 1,467.56

Nissan Securities Group Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 46.58 192.03 267.22 564.22 444.10
TSE:8705
68GF Score
Nissan Securities Group Co Ltd TSE:8705
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Nissan Securities Group 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1,468 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1,468 Mil mean?
Nissan Securities Group Co (TSE:8705) has a Operating Income of 円1,468 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nissan Securities Group Co and its competitors.
Is Nissan Securities Group Co's Operating Income too high?
Nissan Securities Group Co's current Operating Income is 円1,468 Mil. Overall, Nissan Securities Group 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 Nissan Securities Group Co's Operating Income compare to MS and GS?
Nissan Securities Group Co's Operating Income of 円1,468 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Operating Income depends on the Capital Markets 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 Nissan Securities Group Co and its competitors. Nissan Securities Group Co's current Operating Income is 円1,468 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nissan Securities Group Co stock overvalued right now?
Based on GuruFocus' analysis, Nissan Securities Group Co (TSE:8705) is currently considered Fairly Valued. The stock's GF Value™ is 円241.48, compared to a current price of 円226.00 — trading 6.4% below its estimated fair value. The current Operating Income is 円1,468 Mil. Nissan Securities Group Co's overall GF Score™ is 68/100 with 3 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 Nissan Securities Group Co (TSE:8705), the current Operating Income is 円1,468 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 Nissan Securities Group Co (TSE:8705) Overvalued in 2026?

Based on GuruFocus' analysis, Nissan Securities Group Co stock appears to be undervalued. The current stock price of 円226.00 is trading 6.4% below its estimated GF Value™ of 円241.48. GuruFocus considers Nissan Securities Group Co to be Fairly Valued.

Key valuation signals for TSE:8705:

  • Operating Income: 円1,468 Mil
  • GF Value™: 円241.48 vs. price of 円226.00 (6.4% below fair value)
  • GF Score™: 68/100 with 3 warning signs

No single metric tells the full story. See the TSE:8705 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nissan Securities Group Co Business Description

Other Exchanges OH5:Germany
Address 1-38-11 Nihonbashi Kakigaracho, Chuo-ku, Tokyo, JPN
Nissan Securities Group Co Ltd through its subsidiaries provides commodity futures trading and commodity trading brokerage services in Japan.
68GF Score

Get the complete analysis for TSE:8705

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

円226.00
Price
円241.48
GF Value