Maruhachi Warehouse Co (TSE:9313) Operating Income: 円540 Mil (TTM As of May. 2026)

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TSE:9313 Maruhachi Warehouse Co Ltd TSE:9313
66 GF Score
Price 円1,062.00
GF Value 円838.01
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Maruhachi Warehouse Co Operating Income?

Maruhachi Warehouse Co TSE:9313 66 Operating Income is 円540 Mil as of May. 2026. GuruFocus rates TSE:9313 with a GF Score™ of 66/100 and a GF Value™ of 円838.01 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Maruhachi Warehouse Co's Operating Income for the three months ended in May. 2026 was 円173 Mil. Its Operating Income for the trailing twelve months (TTM) ended in May. 2026 was 円540 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Maruhachi Warehouse Co's Operating Income for the three months ended in May. 2026 was 円173 Mil. Maruhachi Warehouse Co's Revenue for the three months ended in May. 2026 was 円1,277 Mil. Therefore, Maruhachi Warehouse Co's Operating Margin % for the quarter that ended in May. 2026 was 13.54%.

Warning Sign:

Maruhachi Warehouse Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -8%.

Maruhachi Warehouse Co's 5-Year average Growth Rate for Operating Margin % was -8.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Maruhachi Warehouse Co's annualized ROC % for the quarter that ended in May. 2026 was 2.06%. Maruhachi Warehouse Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 7.20%.


Maruhachi Warehouse Co  (TSE:9313) Operating Income Explanation

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

Maruhachi Warehouse Co'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 )
=691.848 * ( 1 - 37.81% )/( (21244.343 + 20536.69)/ 2 )
=430.2602712/20890.5165
=2.06 %

where

Invested Capital(Q: Feb. 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))
=21030.734 - 230.706 - ( 852.069 - max(0, 1811.654 - 1367.339+852.069))
=21244.343

Invested Capital(Q: May. 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))
=20667.782 - 379.05 - ( 1128.935 - max(0, 1782.136 - 1534.178+1128.935))
=20536.69

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

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

Maruhachi Warehouse Co'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 )
=1118.776/( ( (15578.159 + max(7.1799999999998, 0)) + (15493.674 + max(-295.609, 0)) )/ 2 )
=1118.776/( ( 15585.339 + 15493.674 )/ 2 )
=1118.776/15539.5065
=7.20 %

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)
=(314.36 + 0 + 200.91) - (230.706 + 0 + 277.384)
=7.1799999999998

Working Capital(Q: May. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(303.815 + 0 + 101.428) - (379.05 + 0 + 321.802)
=-295.609

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 %:

Maruhachi Warehouse Co'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 )
=172.962/1277.037
=13.54 %

* 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.


Maruhachi Warehouse Co Operating Income Related Terms


Maruhachi Warehouse Co Operating Income Historical Data

* Premium members only.

The historical data trend for Maruhachi Warehouse 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.

Maruhachi Warehouse Co Operating Income Chart

Maruhachi Warehouse Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 741.39 572.30 574.46 619.41 497.30

Maruhachi Warehouse Co Quarterly Data
Feb21 May21 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 0.00 160.11 59.97 147.21 172.96
TSE:9313
66GF Score
Maruhachi Warehouse Co Ltd TSE:9313
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Maruhachi Warehouse 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 May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円540 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540 Mil mean?
Maruhachi Warehouse Co (TSE:9313) has a Operating Income of 円540 Mil as of May. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Maruhachi Warehouse Co and its competitors.
Is Maruhachi Warehouse Co's Operating Income too high?
Maruhachi Warehouse Co's current Operating Income is 円540 Mil. Overall, Maruhachi Warehouse Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Maruhachi Warehouse Co's Operating Income compare to CTAS and CPRT?
Maruhachi Warehouse Co's Operating Income of 円540 Mil can be compared against companies in the Business 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 Business Services company?
A good Operating Income depends on the Business 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 Maruhachi Warehouse Co and its competitors. Maruhachi Warehouse Co's current Operating Income is 円540 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maruhachi Warehouse Co stock overvalued right now?
Based on GuruFocus' analysis, Maruhachi Warehouse Co (TSE:9313) is currently considered Modestly Overvalued. The stock's GF Value™ is 円838.01, compared to a current price of 円1,062.00 — trading 26.7% above its estimated fair value. The current Operating Income is 円540 Mil. Maruhachi Warehouse Co's overall GF Score™ is 66/100 with 6 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 Maruhachi Warehouse Co (TSE:9313), the current Operating Income is 円540 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 Maruhachi Warehouse Co (TSE:9313) Overvalued in 2026?

Based on GuruFocus' analysis, Maruhachi Warehouse Co stock appears to be overvalued. The current stock price of 円1,062.00 is trading 26.7% above its estimated GF Value™ of 円838.01. GuruFocus considers Maruhachi Warehouse Co to be Modestly Overvalued.

Key valuation signals for TSE:9313:

  • Operating Income: 円540 Mil
  • GF Value™: 円838.01 vs. price of 円1,062.00 (26.7% above fair value)
  • GF Score™: 66/100 with 6 warning signs

No single metric tells the full story. See the TSE:9313 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maruhachi Warehouse Co Business Description

Address 2-1-9 Tomioka, Koto Ward, Tokyo HF Monzennakacho Building, 4th Floor, Tokyo, JPN, 135-0047
Maruhachi Warehouse Co Ltd operates warehouses and distribution centers. It reports its activities as two business segments - Logistics Business and Real Estate Business. The majority of its revenue is derived from the Logistics business segment. Its services include warehousing, warehousing leasing, cargo disposal of goods, freight transportation, real estate, and brokerage.
66GF Score

Get the complete analysis for TSE:9313

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

円1,062.00
Price
円838.01
GF Value