First Juken Co (TSE:8917) Operating Income: 円2,647 Mil (TTM As of Apr. 2026)

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TSE:8917 First Juken Co Ltd TSE:8917
59 GF Score
Price 円1,135.00
GF Value 円1,102.68
Valuation Fairly Valued
! 4 Warning Signs
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What is First Juken Co Operating Income?

First Juken Co TSE:8917 +1.16% 59 Operating Income is 円2,647 Mil as of Apr. 2026. GuruFocus rates TSE:8917 with a GF Score™ of 59/100 and a GF Value™ of 円1,102.68 (Fairly Valued). The stock has 4 warning signs investors should review.

First Juken Co's Operating Income for the six months ended in Apr. 2026 was 円1,295 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was 円2,647 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. First Juken Co's Operating Income for the six months ended in Apr. 2026 was 円1,295 Mil. First Juken Co's Revenue for the six months ended in Apr. 2026 was 円18,706 Mil. Therefore, First Juken Co's Operating Margin % for the quarter that ended in Apr. 2026 was 6.92%.

Warning Sign:

First Juken Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -5.4%.

First Juken Co's 5-Year average Growth Rate for Operating Margin % was -5.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First Juken Co's annualized ROC % for the quarter that ended in Apr. 2026 was 4.33%. First Juken Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 7.89%.


First Juken Co  (TSE:8917) Operating Income Explanation

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

First Juken Co's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=2589.192 * ( 1 - 36.56% )/( (36695.65 + 39124.132)/ 2 )
=1642.5834048/37909.891
=4.33 %

where

Invested Capital(Q: Oct. 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))
=61786.484 - 2782.496 - ( 22308.338 - max(0, 13469.287 - 46469.195+22308.338))
=36695.65

Invested Capital(Q: Apr. 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))
=61678.195 - 2566.722 - ( 19987.341 - max(0, 13150.921 - 44758.827+19987.341))
=39124.132

Note: The Operating Income data used here is two times the semi-annual (Apr. 2026) data.

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

First Juken Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2649.704/( ( (13977.062 + max(18626.781, 0)) + (15417.791 + max(19119.697, 0)) )/ 2 )
=2649.704/( ( 32603.843 + 34537.488 )/ 2 )
=2649.704/33570.6655
=7.89 %

where Working Capital is:

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 22807.347 + 667.655) - (2782.496 + 0 + 2065.725)
=18626.781

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 23248.719 + 550.695) - (2566.722 + 0 + 2112.995)
=19119.697

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Apr. 2026) EBIT data.

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

First Juken Co's Operating Margin % for the quarter that ended in Apr. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2026 )/Revenue (Q: Apr. 2026 )
=1294.596/18706.434
=6.92 %

* 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.


First Juken Co Operating Income Related Terms


First Juken Co Operating Income Historical Data

* Premium members only.

The historical data trend for First Juken 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.

First Juken Co Operating Income Chart

First Juken Co Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,542.82 3,219.80 2,723.28 1,828.10 2,490.23

First Juken Co Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 903.37 924.73 1,137.37 1,352.86 1,294.60
TSE:8917
59GF Score
First Juken Co Ltd TSE:8917
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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First Juken 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 Apr. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円2,647 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2,647 Mil mean?
First Juken Co (TSE:8917) has a Operating Income of 円2,647 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on First Juken Co and its competitors.
Is First Juken Co's Operating Income too high?
First Juken Co's current Operating Income is 円2,647 Mil. Overall, First Juken Co has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Juken Co's Operating Income compare to DHI and PHM?
First Juken Co's Operating Income of 円2,647 Mil can be compared against companies in the Homebuilding & Construction 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 Homebuilding & Construction company?
A good Operating Income depends on the Homebuilding & Construction 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 First Juken Co and its competitors. First Juken Co's current Operating Income is 円2,647 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Juken Co stock overvalued right now?
Based on GuruFocus' analysis, First Juken Co (TSE:8917) is currently considered Fairly Valued. The stock's GF Value™ is 円1,102.68, compared to a current price of 円1,135.00 — trading 2.9% above its estimated fair value. The current Operating Income is 円2,647 Mil. First Juken Co's overall GF Score™ is 59/100 with 4 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 First Juken Co (TSE:8917), the current Operating Income is 円2,647 Mil as of Apr. 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 First Juken Co (TSE:8917) Overvalued in 2026?

Based on GuruFocus' analysis, First Juken Co stock appears to be overvalued. The current stock price of 円1,135.00 is trading 2.9% above its estimated GF Value™ of 円1,102.68. GuruFocus considers First Juken Co to be Fairly Valued.

Key valuation signals for TSE:8917:

  • Operating Income: 円2,647 Mil
  • GF Value™: 円1,102.68 vs. price of 円1,135.00 (2.9% above fair value)
  • GF Score™: 59/100 with 4 warning signs

No single metric tells the full story. See the TSE:8917 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Juken Co Business Description

Address 5-6-9 Higashi-Namba-cho, Amagasaki, JPN, 660-0892
First Juken Co Ltd is a Japanese based company engaged in the development of residential housing and condominium buildings. Its detached housing business offers the wooden house with a traditional conventional construction method. Its residential condominium business offers house on sale and rental. It is also engaged insurance business that offers fire insurance and life insurance. The Group is mainly engaged in the Detached house business, Condominium business and Special construction business.
59GF Score

Get the complete analysis for TSE:8917

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

円1,135.00
Price
円1,102.68
GF Value