Tokyo Infrastructure Energy Investment (TSE:9285) Operating Income: 円622 Mil (TTM As of Dec. 2025)

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TSE:9285 Tokyo Infrastructure Energy Investment Corp TSE:9285
51 GF Score
Price 円42,250.00
GF Value 円67,613.78
Valuation Possible Value Trap
! 7 Warning Signs
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What is Tokyo Infrastructure Energy Investment Operating Income?

Tokyo Infrastructure Energy Investment TSE:9285 -0.94% 51 Operating Income is 円622 Mil as of Dec. 2025. GuruFocus rates TSE:9285 with a GF Score™ of 51/100 and a GF Value™ of 円67,613.78 (Possible Value Trap). The stock has 7 warning signs investors should review.

Tokyo Infrastructure Energy Investment's Operating Income for the six months ended in Dec. 2025 was 円414 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was 円622 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tokyo Infrastructure Energy Investment's Operating Income for the six months ended in Dec. 2025 was 円414 Mil. Tokyo Infrastructure Energy Investment's Revenue for the six months ended in Dec. 2025 was 円1,272 Mil. Therefore, Tokyo Infrastructure Energy Investment's Operating Margin % for the quarter that ended in Dec. 2025 was 32.57%.

Warning Sign:

Tokyo Infrastructure Energy Investment Corp operating margin has been in a 5-year decline. The average rate of decline per year is -6.8%.

Tokyo Infrastructure Energy Investment's 5-Year average Growth Rate for Operating Margin % was -6.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tokyo Infrastructure Energy Investment's annualized ROC % for the quarter that ended in Dec. 2025 was 3.16%. Tokyo Infrastructure Energy Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3.03%.

Tokyo Infrastructure Energy Investment  (TSE:9285) Operating Income Explanation

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

Tokyo Infrastructure Energy Investment'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: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=828.748 * ( 1 - 0.29% )/( (26361.578 + 25911.93)/ 2 )
=826.3446308/26136.754
=3.16 %

where

Invested Capital(Q: Jun. 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))
=27050.933 - 112.003 - ( 577.352 - max(0, 1277.431 - 2141.856+577.352))
=26361.578

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))
=26662.987 - 116.562 - ( 634.495 - max(0, 1283.041 - 2200.257+634.495))
=25911.93

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Tokyo Infrastructure Energy Investment'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: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=747.292/( ( (23552.21 + max(1396.031, 0)) + (22997.999 + max(1387.017, 0)) )/ 2 )
=747.292/( ( 24948.241 + 24385.016 )/ 2 )
=747.292/24666.6285
=3.03 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(940.394 + 0 + 624.11) - (112.003 + 0 + 56.47)
=1396.031

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(993.879 + 0 + 571.883) - (116.562 + 0 + 62.183)
=1387.017

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Tokyo Infrastructure Energy Investment'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 )
=414.374/1272.372
=32.57 %

* 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.

Tokyo Infrastructure Energy Investment Operating Income Related Terms

Tokyo Infrastructure Energy Investment Operating Income Historical Data

* Premium members only.

The historical data trend for Tokyo Infrastructure Energy Investment'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.

Tokyo Infrastructure Energy Investment Operating Income Chart

Tokyo Infrastructure Energy Investment Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 503.28 671.04 659.03 546.84 622.04

Tokyo Infrastructure Energy Investment Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 261.45 357.07 189.77 207.67 414.37
TSE:9285
51GF Score
Tokyo Infrastructure Energy Investment Corp TSE:9285
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Tokyo Infrastructure Energy Investment 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 semi-annually data reported by the company within the most recent 12 months, which was 円622 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622 Mil mean?
Tokyo Infrastructure Energy Investment (TSE:9285) has a Operating Income of 円622 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tokyo Infrastructure Energy Investment and its competitors.
Is Tokyo Infrastructure Energy Investment's Operating Income too high?
Tokyo Infrastructure Energy Investment's current Operating Income is 円622 Mil. Overall, Tokyo Infrastructure Energy Investment has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tokyo Infrastructure Energy Investment's Operating Income compare to competitors?
Tokyo Infrastructure Energy Investment's Operating Income of 円622 Mil can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good Operating Income depends on the Utilities - Independent Power Producers 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 Tokyo Infrastructure Energy Investment and its competitors. Tokyo Infrastructure Energy Investment's current Operating Income is 円622 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Infrastructure Energy Investment stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Infrastructure Energy Investment (TSE:9285) is currently considered Possible Value Trap. The stock's GF Value™ is 円67,613.78, compared to a current price of 円42,250.00 — trading 37.5% below its estimated fair value. The current Operating Income is 円622 Mil. Tokyo Infrastructure Energy Investment's overall GF Score™ is 51/100 with 7 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 Tokyo Infrastructure Energy Investment (TSE:9285), the current Operating Income is 円622 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 Tokyo Infrastructure Energy Investment (TSE:9285) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Infrastructure Energy Investment stock appears to be undervalued. The current stock price of 円42,250.00 is trading 37.5% below its estimated GF Value™ of 円67,613.78. GuruFocus considers Tokyo Infrastructure Energy Investment to be Possible Value Trap.

Key valuation signals for TSE:9285:

  • Operating Income: 円622 Mil
  • GF Value™: 円67,613.78 vs. price of 円42,250.00 (37.5% below fair value)
  • GF Score™: 51/100 with 7 warning signs

No single metric tells the full story. See the TSE:9285 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tokyo Infrastructure Energy Investment Business Description

Address 2-3 Kojimachi, 8th floor, Kojimachi Place, Chiyoda-ku, Tokyo, JPN
Tokyo Infrastructure Energy Investment Corp is a Japan-based investment corporation. The company mainly invests in renewable energy generation equipment related assets. Its investment objective is to maximize the investor's value by creating high-quality investment opportunities and at the same time achieves the government's goal of promoting renewable energy power generation and revitalizes the local community. Its portfolio consists of TI Ryugasaki Solar Power Station, TI Ushisa Solar Power Station, TI Kanuma Solar Power Station, TI Yabuki Solar Power Station, and TI Kushiro Solar Power Station.
51GF Score

Get the complete analysis for TSE:9285

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

円42,250.00
Price
円67,613.78
GF Value