Delivery Consulting (TSE:9240) Operating Income: 円191 Mil (TTM As of Jan. 2026)

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TSE:9240 Delivery Consulting Inc TSE:9240
74 GF Score
Price 円432.00
GF Value 円657.72
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Delivery Consulting Operating Income?

Delivery Consulting TSE:9240 -1.82% 74 Operating Income is 円191 Mil as of Jan. 2026. GuruFocus rates TSE:9240 with a GF Score™ of 74/100 and a GF Value™ of 円657.72 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Delivery Consulting's Operating Income for the three months ended in Jan. 2026 was 円82 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was 円191 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Delivery Consulting's Operating Income for the three months ended in Jan. 2026 was 円82 Mil. Delivery Consulting's Revenue for the three months ended in Jan. 2026 was 円749 Mil. Therefore, Delivery Consulting's Operating Margin % for the quarter that ended in Jan. 2026 was 10.99%.

Warning Sign:

Delivery Consulting Inc operating margin has been in a 5-year decline. The average rate of decline per year is -27.5%.

Delivery Consulting's 5-Year average Growth Rate for Operating Margin % was -27.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Delivery Consulting's annualized ROC % for the quarter that ended in Jan. 2026 was 43.94%. Delivery Consulting's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 244.50%.


Delivery Consulting  (TSE:9240) Operating Income Explanation

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

Delivery Consulting's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=329.392 * ( 1 - 30.5% )/( (499.79 + 542.257)/ 2 )
=228.92744/521.0235
=43.94 %

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))
=1511.932 - 69.771 - ( 942.371 - max(0, 330.92 - 1339.453+942.371))
=499.79

Invested Capital(Q: Jan. 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))
=1687.672 - 150.363 - ( 995.052 - max(0, 443.518 - 1492.54+995.052))
=542.257

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

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

Delivery Consulting's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=344.504/( ( (66.533 + max(79.941, 0)) + (68.292 + max(67.034, 0)) )/ 2 )
=344.504/( ( 146.474 + 135.326 )/ 2 )
=344.504/140.9
=244.50 %

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)
=(299.089 + 2.198 + 95.795) - (69.771 + 0 + 247.37)
=79.941

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(378.523 + 3.7 + 115.265) - (150.363 + 0 + 280.091)
=67.034

When net working capital is negative, 0 is used.

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

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

Delivery Consulting's Operating Margin % for the quarter that ended in Jan. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=82.348/749.13
=10.99 %

* 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.


Delivery Consulting Operating Income Related Terms


Delivery Consulting Operating Income Historical Data

* Premium members only.

The historical data trend for Delivery Consulting'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.

Delivery Consulting Operating Income Chart

Delivery Consulting Annual Data
Trend Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Operating Income
Get a 7-Day Free Trial 277.79 352.82 52.34 211.78 51.79

Delivery Consulting Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 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 39.95 23.80 56.25 82.35 28.72
TSE:9240
74GF Score
Delivery Consulting Inc TSE:9240
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Delivery Consulting 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 Jan. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円191 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191 Mil mean?
Delivery Consulting (TSE:9240) has a Operating Income of 円191 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Delivery Consulting and its competitors.
Is Delivery Consulting's Operating Income too high?
Delivery Consulting's current Operating Income is 円191 Mil. Overall, Delivery Consulting has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Delivery Consulting's Operating Income compare to IBM and ACN?
Delivery Consulting's Operating Income of 円191 Mil can be compared against companies in the Software 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 Software company?
A good Operating Income depends on the Software 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 Delivery Consulting and its competitors. Delivery Consulting's current Operating Income is 円191 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delivery Consulting stock overvalued right now?
Based on GuruFocus' analysis, Delivery Consulting (TSE:9240) is currently considered Significantly Undervalued. The stock's GF Value™ is 円657.72, compared to a current price of 円432.00 — trading 34.3% below its estimated fair value. The current Operating Income is 円191 Mil. Delivery Consulting's overall GF Score™ is 74/100 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 Delivery Consulting (TSE:9240), the current Operating Income is 円191 Mil as of Jan. 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 Delivery Consulting (TSE:9240) Overvalued in 2026?

Based on GuruFocus' analysis, Delivery Consulting stock appears to be undervalued. The current stock price of 円432.00 is trading 34.3% below its estimated GF Value™ of 円657.72. GuruFocus considers Delivery Consulting to be Significantly Undervalued.

Key valuation signals for TSE:9240:

  • Operating Income: 円191 Mil
  • GF Value™: 円657.72 vs. price of 円432.00 (34.3% below fair value)
  • GF Score™: 74/100 with 3 warning signs

No single metric tells the full story. See the TSE:9240 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Delivery Consulting Business Description

Address 9-7-1 Akasaka, 23rd Floor, Midtown Tower, Minato-ku, Tokyo, JPN, 107-6223
Delivery Consulting Inc is a technology consulting company offering various IT services in Japan. It is engaged in a digital transformation business that supports client companies' DX (digital transformation) from both IT consulting and IT system development. In the digital transformation business, the company provides three services and solutions: digital migration, data tactics, and intelligent automation. The company operates in a single segment, the digital transformation business.
74GF Score

Get the complete analysis for TSE:9240

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

円432.00
Price
円657.72
GF Value