Caster Co (TSE:9331) Operating Income: 円-85 Mil (TTM As of Feb. 2026)

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TSE:9331 Caster Co Ltd TSE:9331
28 GF Score
Price 円744.00
GF Value 円1,053.85
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Caster Co Operating Income?

Caster Co TSE:9331 +0.54% 28 Operating Income is 円-85 Mil as of Feb. 2026. GuruFocus rates TSE:9331 with a GF Score™ of 28/100 and a GF Value™ of 円1,053.85 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Caster Co's Operating Income for the six months ended in Feb. 2026 was 円24 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was 円-85 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Caster Co's Operating Income for the six months ended in Feb. 2026 was 円24 Mil. Caster Co's Revenue for the six months ended in Feb. 2026 was 円2,250 Mil. Therefore, Caster Co's Operating Margin % for the quarter that ended in Feb. 2026 was 1.08%.

Caster Co'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. Caster Co's annualized ROC % for the quarter that ended in Feb. 2026 was 0.00%. Caster Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 330.83%.

Caster Co  (TSE:9331) Operating Income Explanation

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

Caster Co's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=48.7 * ( 1 - 100% )/( (1246.075 + 1336.09)/ 2 )
=0/1291.0825
=0.00 %

where

Invested Capital(Q: Aug. 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))
=1872.251 - 131.377 - ( 1184.046 - max(0, 1031.093 - 1525.892+1184.046))
=1246.075

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))
=1880.668 - 107.082 - ( 1179.908 - max(0, 1078.762 - 1516.258+1179.908))
=1336.09

Note: The Operating Income data used here is two times the semi-annual (Feb. 2026) data.

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

Caster Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=49.074/( ( (15.036 + max(-351.322, 0)) + (14.631 + max(-388.487, 0)) )/ 2 )
=49.074/( ( 15.036 + 14.631 )/ 2 )
=49.074/14.8335
=330.83 %

where Working Capital is:

Working Capital(Q: Aug. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(295.576 + 0 + 46.27) - (131.377 + 0 + 561.791)
=-351.322

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(282.103 + 0 + 54.247) - (107.082 + 0 + 617.755)
=-388.487

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2026) EBIT data.

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

Caster Co's Operating Margin % for the quarter that ended in Feb. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=24.35/2249.644
=1.08 %

* 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.

Caster Co Operating Income Related Terms

Caster Co Operating Income Historical Data

* Premium members only.

The historical data trend for Caster 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.

Caster Co Operating Income Chart

Caster Co Annual Data
Trend Aug21 Aug22 Aug23 Aug24 Aug25
Operating Income
-362.13 -162.76 2.93 -151.26 -382.98

Caster Co Semi-Annual Data
Aug21 Aug22 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Operating Income Get a 7-Day Free Trial -8.49 -142.77 -273.90 -109.08 24.35
TSE:9331
28GF Score
Caster Co Ltd TSE:9331
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Caster 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 Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円-85 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-85 Mil mean?
Caster Co (TSE:9331) has a Operating Income of 円-85 Mil as of Feb. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Caster Co and its competitors.
Is Caster Co's Operating Income too high?
Caster Co's current Operating Income is 円-85 Mil. Overall, Caster Co has a GF Score™ of 28/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Caster Co's Operating Income compare to KFY and RHI?
Caster Co's Operating Income of 円-85 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 Caster Co and its competitors. Caster Co's current Operating Income is 円-85 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caster Co stock overvalued right now?
Based on GuruFocus' analysis, Caster Co (TSE:9331) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,053.85, compared to a current price of 円744.00 — trading 29.4% below its estimated fair value. The current Operating Income is 円-85 Mil. Caster Co's overall GF Score™ is 28/100 with 2 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 Caster Co (TSE:9331), the current Operating Income is 円-85 Mil as of Feb. 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 Caster Co (TSE:9331) Overvalued in 2026?

Based on GuruFocus' analysis, Caster Co stock appears to be undervalued. The current stock price of 円744.00 is trading 29.4% below its estimated GF Value™ of 円1,053.85. GuruFocus considers Caster Co to be Modestly Undervalued.

Key valuation signals for TSE:9331:

  • Operating Income: 円-85 Mil
  • GF Value™: 円1,053.85 vs. price of 円744.00 (29.4% below fair value)
  • GF Score™: 28/100 with 2 warning signs

No single metric tells the full story. See the TSE:9331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Caster Co Business Description

Address 1-5-1 Otemachi, Otemachi First Square West Tower 1st & 2nd Floor, Caster Square Tokyo, Chiyoda-ku, LIFORK Otemachi, Tokyo, JPN
Caster Co Ltd is engaged in business operations and operates two businesses: the BPaaS Business, which utilizes the resources of remote workers to act on behalf of and support companies' back-office operations, and the Other Business, which provides staffing and placement services, develops and provides business efficiency tools for e-commerce companies, and develops and operates products and services using generative AI.
28GF Score

Get the complete analysis for TSE:9331

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

円744.00
Price
円1,053.85
GF Value