Grandy House (TSE:8999) Operating Income: 円2,336 Mil (TTM As of Mar. 2026)

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TSE:8999 Grandy House Corp TSE:8999
53 GF Score
Price 円565.00
GF Value 円576.45
Valuation Fairly Valued
! 6 Warning Signs
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What is Grandy House Operating Income?

Grandy House TSE:8999 -1.05% 53 Operating Income is 円2,336 Mil as of Mar. 2026. GuruFocus rates TSE:8999 with a GF Score™ of 53/100 and a GF Value™ of 円576.45 (Fairly Valued). The stock has 6 warning signs investors should review.

Grandy House's Operating Income for the three months ended in Mar. 2026 was 円751 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円2,336 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Grandy House's Operating Income for the three months ended in Mar. 2026 was 円751 Mil. Grandy House's Revenue for the three months ended in Mar. 2026 was 円14,226 Mil. Therefore, Grandy House's Operating Margin % for the quarter that ended in Mar. 2026 was 5.28%.

Warning Sign:

Grandy House Corp operating margin has been in a 5-year decline. The average rate of decline per year is -15.9%.

Grandy House's 5-Year average Growth Rate for Operating Margin % was -15.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grandy House's annualized ROC % for the quarter that ended in Mar. 2026 was 3.66%. Grandy House's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.89%.


Grandy House  (TSE:8999) Operating Income Explanation

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

Grandy House'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 )
=3002.612 * ( 1 - 32.79% )/( (54776.174 + 55368.703)/ 2 )
=2018.0555252/55072.4385
=3.66 %

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))
=68087.96 - 3456.796 - ( 9854.99 - max(0, 21757.883 - 53161.293+9854.99))
=54776.174

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))
=68943.144 - 3637.272 - ( 9937.169 - max(0, 24162.573 - 53049.143+9937.169))
=55368.703

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

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

Grandy House'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 )
=2950.788/( ( (11981.418 + max(38574.409, 0)) + (11939.176 + max(37776.959, 0)) )/ 2 )
=2950.788/( ( 50555.827 + 49716.135 )/ 2 )
=2950.788/50135.981
=5.89 %

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)
=(518.899 + 41699.829 + 1087.575) - (3456.796 + 0 + 1275.098)
=38574.409

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(464.469 + 41743.24 + 904.265) - (3637.272 + 0 + 1697.743)
=37776.959

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 %:

Grandy House'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 )
=750.653/14225.716
=5.28 %

* 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.


Grandy House Operating Income Related Terms


Grandy House Operating Income Historical Data

* Premium members only.

The historical data trend for Grandy House'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.

Grandy House Operating Income Chart

Grandy House 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 4,022.88 3,329.03 1,175.01 1,212.44 1,892.91

Grandy House Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 288.06 429.18 425.02 750.65 731.07
TSE:8999
53GF Score
Grandy House Corp TSE:8999
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Grandy House 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2,336 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2,336 Mil mean?
Grandy House (TSE:8999) has a Operating Income of 円2,336 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Grandy House and its competitors.
Is Grandy House's Operating Income too high?
Grandy House's current Operating Income is 円2,336 Mil. Overall, Grandy House has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grandy House's Operating Income compare to CBRE and BEKE?
Grandy House's Operating Income of 円2,336 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Operating Income depends on the Real Estate 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 Grandy House and its competitors. Grandy House's current Operating Income is 円2,336 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grandy House stock overvalued right now?
Based on GuruFocus' analysis, Grandy House (TSE:8999) is currently considered Fairly Valued. The stock's GF Value™ is 円576.45, compared to a current price of 円565.00 — trading 2% below its estimated fair value. The current Operating Income is 円2,336 Mil. Grandy House's overall GF Score™ is 53/100 with 6 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 Grandy House (TSE:8999), the current Operating Income is 円2,336 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 Grandy House (TSE:8999) Overvalued in 2026?

Based on GuruFocus' analysis, Grandy House stock appears to be undervalued. The current stock price of 円565.00 is trading 2% below its estimated GF Value™ of 円576.45. GuruFocus considers Grandy House to be Fairly Valued.

Key valuation signals for TSE:8999:

  • Operating Income: 円2,336 Mil
  • GF Value™: 円576.45 vs. price of 円565.00 (2% below fair value)
  • GF Score™: 53/100 with 6 warning signs

No single metric tells the full story. See the TSE:8999 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grandy House Business Description

Address 4-3-18, Odori, Tochigi Prefecture, Utsunomiya, JPN, 3320-081
Grandy House Corp is a real estate company based in Japan. The company's three reportable segments are classified as Real Estate Sales, Construction Material Sales, and Real Estate Leasing. The Real Estate Sales business includes sales of new homes including building contract and sale of land and existing homes and home renovation. The Construction Material Sales business comprises of production and sale of pre-cut materials for housing and sale of construction materials and home facilities and equipment. In the Real Estate Leasing business, activities comprise the leasing of office, homes, related properties, and parking facilities.
53GF Score

Get the complete analysis for TSE:8999

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

円565.00
Price
円576.45
GF Value