Japan Prime Realty Investment (TSE:8955) Operating Income: 円21,811 Mil (TTM As of Dec. 2025)

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TSE:8955 Japan Prime Realty Investment Corp TSE:8955
62 GF Score
Price 円96,200.00
GF Value 円91,093.51
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Japan Prime Realty Investment Operating Income?

Japan Prime Realty Investment TSE:8955 +0.52% 62 Operating Income is 円21,811 Mil as of Dec. 2025. GuruFocus rates TSE:8955 with a GF Score™ of 62/100 and a GF Value™ of 円91,093.51 (Fairly Valued). The stock has 4 warning signs investors should review.

Japan Prime Realty Investment's Operating Income for the six months ended in Dec. 2025 was 円10,557 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was 円21,811 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Japan Prime Realty Investment's Operating Income for the six months ended in Dec. 2025 was 円10,557 Mil. Japan Prime Realty Investment's Revenue for the six months ended in Dec. 2025 was 円20,346 Mil. Therefore, Japan Prime Realty Investment's Operating Margin % for the quarter that ended in Dec. 2025 was 51.89%.

Good Sign:

Japan Prime Realty Investment Corp operating margin is expanding. Margin expansion is usually a good sign.

Japan Prime Realty Investment's 5-Year average Growth Rate for Operating Margin % was 0.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Japan Prime Realty Investment's annualized ROC % for the quarter that ended in Dec. 2025 was 3.90%. Japan Prime Realty Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.19%.


Japan Prime Realty Investment  (TSE:8955) Operating Income Explanation

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

Japan Prime Realty Investment'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: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=21114.74 * ( 1 - 0.01% )/( (541022.211 + 541022.211)/ 2 )
=21112.628526/541022.211
=3.90 %

where

Invested Capital(Q: Jun. 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))
=544024.867 - 4640.501 - ( 23323.054 - max(0, 36632.635 - 34994.79+23323.054))
=541022.211

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))
=544024.867 - 4640.501 - ( 23323.054 - max(0, 36632.635 - 34994.79+23323.054))
=541022.211

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Japan Prime Realty Investment'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: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=20924.514/( ( (495260.877 + max(3939.101, 0)) + (495260.877 + max(3939.101, 0)) )/ 2 )
=20924.514/( ( 499199.978 + 499199.978 )/ 2 )
=20924.514/499199.978
=4.19 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(817.345 + 0 + 10854.391) - (4640.501 + 0 + 3092.134)
=3939.101

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(817.345 + 0 + 10854.391) - (4640.501 + 0 + 3092.134)
=3939.101

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Japan Prime Realty Investment'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 )
=10557.37/20346.208
=51.89 %

* 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.


Japan Prime Realty Investment Operating Income Related Terms


Japan Prime Realty Investment Operating Income Historical Data

* Premium members only.

The historical data trend for Japan Prime Realty Investment'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.

Japan Prime Realty Investment Operating Income Chart

Japan Prime Realty Investment 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 17,416.11 18,616.51 17,011.28 18,070.08 21,811.17

Japan Prime Realty Investment Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 8,151.72 8,354.65 9,715.44 11,253.80 10,557.37
TSE:8955
62GF Score
Japan Prime Realty Investment Corp TSE:8955
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Prime Realty Investment 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 semi-annually data reported by the company within the most recent 12 months, which was 円21,811 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21,811 Mil mean?
Japan Prime Realty Investment (TSE:8955) has a Operating Income of 円21,811 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Japan Prime Realty Investment and its competitors.
Is Japan Prime Realty Investment's Operating Income too high?
Japan Prime Realty Investment's current Operating Income is 円21,811 Mil. Overall, Japan Prime Realty Investment has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Prime Realty Investment's Operating Income compare to VICI and WPC?
Japan Prime Realty Investment's Operating Income of 円21,811 Mil can be compared against companies in the REITs 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 REITs company?
A good Operating Income depends on the REITs 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 Japan Prime Realty Investment and its competitors. Japan Prime Realty Investment's current Operating Income is 円21,811 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Prime Realty Investment stock overvalued right now?
Based on GuruFocus' analysis, Japan Prime Realty Investment (TSE:8955) is currently considered Fairly Valued. The stock's GF Value™ is 円91,093.51, compared to a current price of 円96,200.00 — trading 5.6% above its estimated fair value. The current Operating Income is 円21,811 Mil. Japan Prime Realty Investment's overall GF Score™ is 62/100 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 Japan Prime Realty Investment (TSE:8955), the current Operating Income is 円21,811 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 Japan Prime Realty Investment (TSE:8955) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Prime Realty Investment stock appears to be overvalued. The current stock price of 円96,200.00 is trading 5.6% above its estimated GF Value™ of 円91,093.51. GuruFocus considers Japan Prime Realty Investment to be Fairly Valued.

Key valuation signals for TSE:8955:

  • Operating Income: 円21,811 Mil
  • GF Value™: 円91,093.51 vs. price of 円96,200.00 (5.6% above fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the TSE:8955 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Prime Realty Investment Business Description

Industry Real EstateREITs
Other Exchanges 58JA:Germany
Address 4-16 Yaesu 1-chome, Chuo-ku, Tokyo, JPN, 103-0028
Japan Prime Realty Investment Corporation, or JPR, is a Japanese real estate investment trust involved in the ownership of properties in the Greater Tokyo region. The majority of JPR's real estate portfolio is comprised of office buildings, with retail properties making up the rest of the company's holdings. The vast majority of JPR's assets are in the Tokyo metropolitan area, which are mostly concentrated in Central Tokyo. The company generates nearly all of its revenue through collecting funds from investors, investing that money into real estate properties, and then collecting rental income from those properties. Its collection of tenants is fairly evenly distributed among service, information and communication, manufacturing, finance, retail, and real estate companies.
62GF Score

Get the complete analysis for TSE:8955

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

円96,200.00
Price
円91,093.51
GF Value