Bookoff Group Holdings (TSE:9278) Operating Income: 円4,408 Mil (TTM As of May. 2026)

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TSE:9278 Bookoff Group Holdings Ltd TSE:9278
65 GF Score
Price 円2,966.00
GF Value 円1,856.64
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Bookoff Group Holdings Operating Income?

Bookoff Group Holdings TSE:9278 +0.92% 65 Operating Income is 円4,408 Mil as of May. 2026. GuruFocus rates TSE:9278 with a GF Score™ of 65/100 and a GF Value™ of 円1,856.64 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Bookoff Group Holdings's Operating Income for the three months ended in May. 2026 was 円768 Mil. Its Operating Income for the trailing twelve months (TTM) ended in May. 2026 was 円4,408 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bookoff Group Holdings's Operating Income for the three months ended in May. 2026 was 円768 Mil. Bookoff Group Holdings's Revenue for the three months ended in May. 2026 was 円34,341 Mil. Therefore, Bookoff Group Holdings's Operating Margin % for the quarter that ended in May. 2026 was 2.24%.

Good Sign:

Bookoff Group Holdings Ltd operating margin is expanding. Margin expansion is usually a good sign.

Bookoff Group Holdings's 5-Year average Growth Rate for Operating Margin % was 11.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bookoff Group Holdings's annualized ROC % for the quarter that ended in May. 2026 was 4.00%. Bookoff Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 9.98%.


Bookoff Group Holdings  (TSE:9278) Operating Income Explanation

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

Bookoff Group Holdings's annualized ROC % for the quarter that ended in May. 2026 is calculated as:

ROC % (Q: May. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2026 ) + Invested Capital (Q: May. 2026 ))/ count )
=3072 * ( 1 - 35.48% )/( (50282 + 48910)/ 2 )
=1982.0544/49596
=4.00 %

where

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

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

Bookoff Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2026  Q: May. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3100/( ( (12696 + max(18148, 0)) + (12847 + max(18462, 0)) )/ 2 )
=3100/( ( 30844 + 31309 )/ 2 )
=3100/31076.5
=9.98 %

where Working Capital is:

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3823 + 19964 + 3444) - (1547 + 0 + 7536)
=18148

Working Capital(Q: May. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4541 + 21084 + 3786) - (5568 + 0 + 5381)
=18462

When net working capital is negative, 0 is used.

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

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

Bookoff Group Holdings's Operating Margin % for the quarter that ended in May. 2026 is calculated as:

Operating Margin %=Operating Income (Q: May. 2026 )/Revenue (Q: May. 2026 )
=768/34341
=2.24 %

* 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.


Bookoff Group Holdings Operating Income Related Terms


Bookoff Group Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Bookoff Group Holdings'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.

Bookoff Group Holdings Operating Income Chart

Bookoff Group Holdings Annual Data
Trend Mar19 Mar20 Mar21 May22 May23 May24 May25 May26
Operating Income
Get a 7-Day Free Trial 1,768.00 2,581.00 3,055.00 3,452.00 4,408.00

Bookoff Group Holdings Quarterly Data
Dec20 Mar21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26 May26
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 0.00 482.00 783.00 2,375.00 768.00
TSE:9278
65GF Score
Bookoff Group Holdings Ltd TSE:9278
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Bookoff Group Holdings 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 May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円4,408 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4,408 Mil mean?
Bookoff Group Holdings (TSE:9278) has a Operating Income of 円4,408 Mil as of May. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Bookoff Group Holdings and its competitors.
Is Bookoff Group Holdings' Operating Income too high?
Bookoff Group Holdings' current Operating Income is 円4,408 Mil. Overall, Bookoff Group Holdings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bookoff Group Holdings' Operating Income compare to CASY and WSM?
Bookoff Group Holdings' Operating Income of 円4,408 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical 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 Bookoff Group Holdings and its competitors. Bookoff Group Holdings's current Operating Income is 円4,408 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bookoff Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Bookoff Group Holdings (TSE:9278) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,856.64, compared to a current price of 円2,966.00 — trading 59.8% above its estimated fair value. The current Operating Income is 円4,408 Mil. Bookoff Group Holdings' overall GF Score™ is 65/100 with 5 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 Bookoff Group Holdings (TSE:9278), the current Operating Income is 円4,408 Mil as of May. 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 Bookoff Group Holdings (TSE:9278) Overvalued in 2026?

Based on GuruFocus' analysis, Bookoff Group Holdings stock appears to be overvalued. The current stock price of 円2,966.00 is trading 59.8% above its estimated GF Value™ of 円1,856.64. GuruFocus considers Bookoff Group Holdings to be Significantly Overvalued.

Key valuation signals for TSE:9278:

  • Operating Income: 円4,408 Mil
  • GF Value™: 円1,856.64 vs. price of 円2,966.00 (59.8% above fair value)
  • GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the TSE:9278 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bookoff Group Holdings Business Description

Address 2-14-20 Kobuchi, Minami-ku, Kanagawa-Prefecture, Sagamihara, JPN, 252-0344
Bookoff Group Holdings Ltd purchases and sells books, software, apparel, sporting goods, baby goods, watches, luxury-brand bags, precious metals, kitchenware, and household goods through its stores, which include BOOKOFF SUPER BAZAAR stores and BOOKOFF PLUS stores. The company's business segments are Reuse Store Business, BOOKOFF Online Business, HUGALL Business, and Packaged Media Business.
65GF Score

Get the complete analysis for TSE:9278

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

円2,966.00
Price
円1,856.64
GF Value