Mental Health Technologies Co (TSE:9218) Operating Income: 円578 Mil (TTM As of Dec. 2025)

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TSE:9218 Mental Health Technologies Co Ltd TSE:9218
73 GF Score
Price 円753.00
GF Value 円1,692.17
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Mental Health Technologies Co Operating Income?

Mental Health Technologies Co TSE:9218 +0.13% 73 Operating Income is 円578 Mil as of Dec. 2025. GuruFocus rates TSE:9218 with a GF Score™ of 73/100 and a GF Value™ of 円1,692.17 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Mental Health Technologies Co's Operating Income for the three months ended in Dec. 2025 was 円163 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was 円578 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mental Health Technologies Co's Operating Income for the three months ended in Dec. 2025 was 円163 Mil. Mental Health Technologies Co's Revenue for the three months ended in Dec. 2025 was 円1,758 Mil. Therefore, Mental Health Technologies Co's Operating Margin % for the quarter that ended in Dec. 2025 was 9.30%.

Mental Health Technologies 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. Mental Health Technologies Co's annualized ROC % for the quarter that ended in Dec. 2025 was 4.77%. Mental Health Technologies Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 64.00%.


Mental Health Technologies Co  (TSE:9218) Operating Income Explanation

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

Mental Health Technologies Co'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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=653.52 * ( 1 - 74.11% )/( (3462.617 + 3638.692)/ 2 )
=169.196328/3550.6545
=4.77 %

where

Invested Capital(Q: Sep. 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))
=5151.698 - 681.443 - ( 1354.986 - max(0, 1198.186 - 2205.824+1354.986))
=3462.617

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))
=5368.233 - 828.39 - ( 1492.051 - max(0, 1500.728 - 2401.879+1492.051))
=3638.692

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Mental Health Technologies Co'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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=123.82/( ( (133.652 + max(137.267, 0)) + (115.994 + max(-82.989, 0)) )/ 2 )
=123.82/( ( 270.919 + 115.994 )/ 2 )
=123.82/193.4565
=64.00 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(781.181 + 3.975 + 63.285) - (681.443 + 0 + 29.731)
=137.267

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(851.781 + 3.791 + 54.032) - (828.39 + 0 + 164.203)
=-82.989

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Mental Health Technologies Co'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 )
=163.38/1757.506
=9.30 %

* 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.


Mental Health Technologies Co Operating Income Related Terms


Mental Health Technologies Co Operating Income Historical Data

* Premium members only.

The historical data trend for Mental Health Technologies 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.

Mental Health Technologies Co Operating Income Chart

Mental Health Technologies Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 138.28 369.92 501.09 109.75 598.78

Mental Health Technologies Co Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 128.90 149.30 157.19 163.38 107.67
TSE:9218
73GF Score
Mental Health Technologies Co Ltd TSE:9218
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Mental Health Technologies 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円578 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578 Mil mean?
Mental Health Technologies Co (TSE:9218) has a Operating Income of 円578 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Mental Health Technologies Co and its competitors.
Is Mental Health Technologies Co's Operating Income too high?
Mental Health Technologies Co's current Operating Income is 円578 Mil. Overall, Mental Health Technologies Co has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mental Health Technologies Co's Operating Income compare to HCA and THC?
Mental Health Technologies Co's Operating Income of 円578 Mil can be compared against companies in the Healthcare Providers & 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 Healthcare Providers & Services company?
A good Operating Income depends on the Healthcare Providers & 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 Mental Health Technologies Co and its competitors. Mental Health Technologies Co's current Operating Income is 円578 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mental Health Technologies Co stock overvalued right now?
Based on GuruFocus' analysis, Mental Health Technologies Co (TSE:9218) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,692.17, compared to a current price of 円753.00 — trading 55.5% below its estimated fair value. The current Operating Income is 円578 Mil. Mental Health Technologies Co's overall GF Score™ is 73/100 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 Mental Health Technologies Co (TSE:9218), the current Operating Income is 円578 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 Mental Health Technologies Co (TSE:9218) Overvalued in 2026?

Based on GuruFocus' analysis, Mental Health Technologies Co stock appears to be undervalued. The current stock price of 円753.00 is trading 55.5% below its estimated GF Value™ of 円1,692.17. GuruFocus considers Mental Health Technologies Co to be Significantly Undervalued.

Key valuation signals for TSE:9218:

  • Operating Income: 円578 Mil
  • GF Value™: 円1,692.17 vs. price of 円753.00 (55.5% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the TSE:9218 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mental Health Technologies Co Business Description

Address 3-16-11 Akasaka, 4th Floor, Tokai Akasaka Building, Minato-ku, Tokyo, JPN, 107-0052
Mental Health Technologies Co Ltd is mainly engaged in providing mental health solutions. Along with its subsidiaries, the company operates in the following reportable segments: Mental Health Solutions Business, Medical Work Shift Business, Medical Career Support Business, and the Digital Marketing Business. The majority of its revenue is generated from the Mental Health Solutions Business, which provides services by industrial physicians and public health nurses, and manages the mental and physical health of workers. It has packaged the various mental health care services under ELPIS, a cloud service, and offers it to its clients under the name Occupational Physician Cloud.
73GF Score

Get the complete analysis for TSE:9218

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

円753.00
Price
円1,692.17
GF Value