Japan Infrastructure Fund Investment (TSE:9287) Operating Income: 円1,930 Mil (TTM As of Nov. 2025)

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TSE:9287 Japan Infrastructure Fund Investment Corp TSE:9287
34 GF Score
Price 円66,700.00
GF Value 円81,843.87
! 9 Warning Signs
View Full Analysis

What is Japan Infrastructure Fund Investment Operating Income?

Japan Infrastructure Fund Investment TSE:9287 34 Operating Income is 円1,930 Mil as of Nov. 2025. GuruFocus rates TSE:9287 with a GF Score™ of 34/100 and a GF Value™ of 円81,843.87. The stock has 9 warning signs investors should review.

Japan Infrastructure Fund Investment's Operating Income for the six months ended in Nov. 2025 was 円1,211 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Nov. 2025 was 円1,930 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Japan Infrastructure Fund Investment's Operating Income for the six months ended in Nov. 2025 was 円1,211 Mil. Japan Infrastructure Fund Investment's Revenue for the six months ended in Nov. 2025 was 円3,724 Mil. Therefore, Japan Infrastructure Fund Investment's Operating Margin % for the quarter that ended in Nov. 2025 was 32.51%.

Japan Infrastructure Fund Investment'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. Japan Infrastructure Fund Investment's annualized ROC % for the quarter that ended in Nov. 2025 was 2.35%. Japan Infrastructure Fund Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2025 was 3.98%.


Japan Infrastructure Fund Investment  (TSE:9287) Operating Income Explanation

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

Japan Infrastructure Fund Investment's annualized ROC % for the quarter that ended in Nov. 2025 is calculated as:

ROC % (Q: Nov. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: May. 2025 ) + Invested Capital (Q: Nov. 2025 ))/ count )
=2421.356 * ( 1 - 34.51% )/( (68201.929 + 66510.695)/ 2 )
=1585.7460444/67356.312
=2.35 %

where

Invested Capital(Q: May. 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))
=71591.487 - 378.696 - ( 3732.765 - max(0, 3463.786 - 6474.648+3732.765))
=68201.929

Invested Capital(Q: Nov. 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))
=70373.609 - 1093.472 - ( 4338.992 - max(0, 3884.736 - 6654.178+4338.992))
=66510.695

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

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

Japan Infrastructure Fund Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Nov. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: May. 2025  Q: Nov. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2422.364/( ( (59788.325 + max(2360.814, 0)) + (58305.776 + max(1218.399, 0)) )/ 2 )
=2422.364/( ( 62149.139 + 59524.175 )/ 2 )
=2422.364/60836.657
=3.98 %

where Working Capital is:

Working Capital(Q: May. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1458.672 + 0 + 1283.211) - (378.696 + 0 + 2.373)
=2360.814

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1275.889 + 0 + 1039.297) - (1093.472 + 0 + 3.3149999999996)
=1218.399

When net working capital is negative, 0 is used.

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

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

Japan Infrastructure Fund Investment's Operating Margin % for the quarter that ended in Nov. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Nov. 2025 )/Revenue (Q: Nov. 2025 )
=1210.678/3724.025
=32.51 %

* 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.


Japan Infrastructure Fund Investment Operating Income Related Terms


Japan Infrastructure Fund Investment Operating Income Historical Data

* Premium members only.

The historical data trend for Japan Infrastructure Fund 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.

Japan Infrastructure Fund Investment Operating Income Chart

Japan Infrastructure Fund Investment Annual Data
Trend Nov21 Nov22 Nov23 Nov24 Nov25
Operating Income
476.79 846.68 1,410.90 1,710.54 1,930.16

Japan Infrastructure Fund Investment Semi-Annual Data
Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 826.85 610.51 1,100.03 719.48 1,210.68
TSE:9287
34GF Score
Japan Infrastructure Fund Investment Corp TSE:9287
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Infrastructure Fund 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 Nov. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円1,930 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1,930 Mil mean?
Japan Infrastructure Fund Investment (TSE:9287) has a Operating Income of 円1,930 Mil as of Nov. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Japan Infrastructure Fund Investment and its competitors.
Is Japan Infrastructure Fund Investment's Operating Income too high?
Japan Infrastructure Fund Investment's current Operating Income is 円1,930 Mil. Overall, Japan Infrastructure Fund Investment has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Japan Infrastructure Fund Investment's Operating Income compare to competitors?
Japan Infrastructure Fund Investment's Operating Income of 円1,930 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 Japan Infrastructure Fund Investment and its competitors. Japan Infrastructure Fund Investment's current Operating Income is 円1,930 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Infrastructure Fund Investment stock overvalued right now?
Japan Infrastructure Fund Investment (TSE:9287) has a current Operating Income of 円1,930 Mil. The stock's GF Value™ is 円81,843.87, compared to a current price of 円66,700.00 — trading 18.5% below its estimated fair value. The current Operating Income is 円1,930 Mil. Japan Infrastructure Fund Investment's overall GF Score™ is 34/100 with 9 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 Japan Infrastructure Fund Investment (TSE:9287), the current Operating Income is 円1,930 Mil as of Nov. 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 Japan Infrastructure Fund Investment (TSE:9287) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Infrastructure Fund Investment stock appears to be undervalued. The current stock price of 円66,700.00 is trading 18.5% below its estimated GF Value™ of 円81,843.87.

Key valuation signals for TSE:9287:

  • Operating Income: 円1,930 Mil
  • GF Value™: 円81,843.87 vs. price of 円66,700.00 (18.5% below fair value)
  • GF Score™: 34/100 with 9 warning signs

No single metric tells the full story. See the TSE:9287 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Infrastructure Fund Investment Business Description

Address 2-10-5 Nihonbashi Kayabacho, Chuo-ku, Sumitomo Life Kayabacho Building, Tokyo, JPN
Japan Infrastructure Fund Investment Corp engages in the provision of investment management services. It focuses its investments on solar power generation facilities.
34GF Score

Get the complete analysis for TSE:9287

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

円66,700.00
Price
円81,843.87
GF Value