On The Page (TSE:9160) Operating Income: 円2,492 Mil (TTM As of Jun. 2026)

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TSE:9160 On The Page Inc TSE:9160
68 GF Score
Price 円328.00
GF Value 円474.65
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is On The Page Operating Income?

On The Page TSE:9160 68 Operating Income is 円2,492 Mil as of Jun. 2026. GuruFocus rates TSE:9160 with a GF Score™ of 68/100 and a GF Value™ of 円474.65 (Possible Value Trap). The stock has 8 warning signs investors should review.

On The Page's Operating Income for the three months ended in Jun. 2026 was 円771 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was 円2,492 Mil.

Warning Sign:

On The Page Inc has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. On The Page's Operating Income for the three months ended in Jun. 2026 was 円771 Mil. On The Page's Revenue for the three months ended in Jun. 2026 was 円12,068 Mil. Therefore, On The Page's Operating Margin % for the quarter that ended in Jun. 2026 was 6.39%.

Warning Sign:

On The Page Inc operating margin has been in a 5-year decline. The average rate of decline per year is -4.2%.

On The Page's 5-Year average Growth Rate for Operating Margin % was -4.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. On The Page's annualized ROC % for the quarter that ended in Jun. 2026 was 4.36%. On The Page's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 10.90%.


On The Page  (TSE:9160) Operating Income Explanation

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

On The Page's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=3082.736 * ( 1 - 14.74% )/( (40828.086 + 79799.983)/ 2 )
=2628.3407136/60314.0345
=4.36 %

where

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))
=36463.906 - 2077.029 - ( 2258.769 - max(0, 9712.252 - 3271.043+2258.769))
=40828.086

Invested Capital(Q: Jun. 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))
=71685.358 - 3761.953 - ( 5785.569 - max(0, 20839.929 - 8963.351+5785.569))
=79799.983

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

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

On The Page's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3028.672/( ( (18327.255 + max(-4818.953, 0)) + (37263.211 + max(-11131.297, 0)) )/ 2 )
=3028.672/( ( 18327.255 + 37263.211 )/ 2 )
=3028.672/27795.233
=10.90 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(513.831 + 302.863 + 195.58) - (2077.029 + 0 + 3754.198)
=-4818.953

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(890.371 + 1230.719 + 402.972) - (3761.953 + 0 + 9893.406)
=-11131.297

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

On The Page's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=770.684/12068.188
=6.39 %

* 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.


On The Page Operating Income Related Terms


On The Page Operating Income Historical Data

* Premium members only.

The historical data trend for On The Page'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.

On The Page Operating Income Chart

On The Page Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,691.91 2,775.73 1,539.56 1,337.55 2,247.95

On The Page Quarterly Data
Dec15 Mar16 Jun16 Sep16 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 646.02 -82.51 1,839.52 -35.60 770.68
TSE:9160
68GF Score
On The Page Inc TSE:9160
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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On The Page 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円2,492 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2,492 Mil mean?
On The Page (TSE:9160) has a Operating Income of 円2,492 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on On The Page and its competitors.
Is On The Page's Operating Income too high?
On The Page's current Operating Income is 円2,492 Mil. Overall, On The Page has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does On The Page's Operating Income compare to ROL and SCI?
On The Page's Operating Income of 円2,492 Mil can be compared against companies in the Personal Services 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 Personal Services company?
A good Operating Income depends on the Personal Services 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 On The Page and its competitors. On The Page's current Operating Income is 円2,492 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is On The Page stock overvalued right now?
Based on GuruFocus' analysis, On The Page (TSE:9160) is currently considered Possible Value Trap. The stock's GF Value™ is 円474.65, compared to a current price of 円328.00 — trading 30.9% below its estimated fair value. The current Operating Income is 円2,492 Mil. On The Page's overall GF Score™ is 68/100 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 On The Page (TSE:9160), the current Operating Income is 円2,492 Mil as of Jun. 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 On The Page (TSE:9160) Overvalued in 2026?

Based on GuruFocus' analysis, On The Page stock appears to be undervalued. The current stock price of 円328.00 is trading 30.9% below its estimated GF Value™ of 円474.65. GuruFocus considers On The Page to be Possible Value Trap.

Key valuation signals for TSE:9160:

  • Operating Income: 円2,492 Mil
  • GF Value™: 円474.65 vs. price of 円328.00 (30.9% below fair value)
  • GF Score™: 68/100 with 8 warning signs

No single metric tells the full story. See the TSE:9160 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


On The Page Business Description

Address 1-8-14 Ginza, Chuo-ku, Ginza YOMIKO Building, 4th Floor, Tokyo, JPN, 104-0061
On The Page Inc offers 'Guest House' wedding services. The Company provides rental services for wedding clothing and accessories and operates restaurant business including wedding-food catering services. The services of the company include wedding planning, wedding costume business, restaurant business, hotel business, banquet business, hair and makeup business, photography, video production, floral arrangement, and other related services.
68GF Score

Get the complete analysis for TSE:9160

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

円328.00
Price
円474.65
GF Value