Smartvalue Co (TSE:9417) Operating Income: 円-238 Mil (TTM As of Dec. 2025)

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TSE:9417 Smartvalue Co Ltd TSE:9417
32 GF Score
Price 円329.00
GF Value 円568.59
Valuation Possible Value Trap
! 5 Warning Signs
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What is Smartvalue Co Operating Income?

Smartvalue Co TSE:9417 -3.24% 32 Operating Income is 円-238 Mil as of Dec. 2025. GuruFocus rates TSE:9417 with a GF Score™ of 32/100 and a GF Value™ of 円568.59 (Possible Value Trap). The stock has 5 warning signs investors should review.

Smartvalue Co's Operating Income for the three months ended in Dec. 2025 was 円19 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was 円-238 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Smartvalue Co's Operating Income for the three months ended in Dec. 2025 was 円19 Mil. Smartvalue Co's Revenue for the three months ended in Dec. 2025 was 円1,591 Mil. Therefore, Smartvalue Co's Operating Margin % for the quarter that ended in Dec. 2025 was 1.19%.

Warning Sign:

Smartvalue Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -11.6%.

Smartvalue Co's 5-Year average Growth Rate for Operating Margin % was -11.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Smartvalue Co's annualized ROC % for the quarter that ended in Dec. 2025 was 0.35%. Smartvalue Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -1.05%.


Smartvalue Co  (TSE:9417) Operating Income Explanation

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

Smartvalue Co'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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=75.432 * ( 1 - 0% )/( (21871.573 + 21232.8)/ 2 )
=75.432/21552.1865
=0.35 %

where

Invested Capital(Q: Sep. 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))
=24237.681 - 88.562 - ( 4052.586 - max(0, 2669.668 - 4947.214+4052.586))
=21871.573

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))
=23324.465 - 113.584 - ( 3474.689 - max(0, 2522.869 - 4500.95+3474.689))
=21232.8

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Smartvalue Co'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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-194.088/( ( (18742.102 + max(-1200.261, 0)) + (18400.6 + max(-888.178, 0)) )/ 2 )
=-194.088/( ( 18742.102 + 18400.6 )/ 2 )
=-194.088/18571.351
=-1.05 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(534.18 + 87.148 + 273.3) - (88.562 + 0 + 2006.327)
=-1200.261

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(560.892 + 107.044 + 358.325) - (113.584 + 0 + 1800.855)
=-888.178

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Smartvalue Co'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 )
=18.858/1591.036
=1.19 %

* 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.


Smartvalue Co Operating Income Related Terms


Smartvalue Co Operating Income Historical Data

* Premium members only.

The historical data trend for Smartvalue 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.

Smartvalue Co Operating Income Chart

Smartvalue Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -605.32 -15.08 -74.91 -308.42 -440.68

Smartvalue Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -100.99 -186.89 -68.00 18.86 -2.26
TSE:9417
32GF Score
Smartvalue Co Ltd TSE:9417
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Smartvalue 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-238 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-238 Mil mean?
Smartvalue Co (TSE:9417) has a Operating Income of 円-238 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Smartvalue Co and its competitors.
Is Smartvalue Co's Operating Income too high?
Smartvalue Co's current Operating Income is 円-238 Mil. Overall, Smartvalue Co has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Smartvalue Co's Operating Income compare to MSFT and ORCL?
Smartvalue Co's Operating Income of 円-238 Mil can be compared against companies in the Software 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 Software company?
A good Operating Income depends on the Software 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 Smartvalue Co and its competitors. Smartvalue Co's current Operating Income is 円-238 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smartvalue Co stock overvalued right now?
Based on GuruFocus' analysis, Smartvalue Co (TSE:9417) is currently considered Possible Value Trap. The stock's GF Value™ is 円568.59, compared to a current price of 円329.00 — trading 42.1% below its estimated fair value. The current Operating Income is 円-238 Mil. Smartvalue Co's overall GF Score™ is 32/100 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 Smartvalue Co (TSE:9417), the current Operating Income is 円-238 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 Smartvalue Co (TSE:9417) Overvalued in 2026?

Based on GuruFocus' analysis, Smartvalue Co stock appears to be undervalued. The current stock price of 円329.00 is trading 42.1% below its estimated GF Value™ of 円568.59. GuruFocus considers Smartvalue Co to be Possible Value Trap.

Key valuation signals for TSE:9417:

  • Operating Income: 円-238 Mil
  • GF Value™: 円568.59 vs. price of 円329.00 (42.1% below fair value)
  • GF Score™: 32/100 with 5 warning signs

No single metric tells the full story. See the TSE:9417 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Smartvalue Co Business Description

Address 3-6-1 Doshomachi, 7th Floor, Keihanshin Midosuji Building, Chuo Ward, Osaka, JPN, 541-0045
Smartvalue Co Ltd provides cloud solutions in Japan. The group has three reportable segments: Digital Government, Mobility Services, and Smart Venue. The Digital Government segment offers Gabakura, a cloud suite that supports local governments in digitalizing administration and promoting open governance. The Mobility Services segment provides connected car solutions and platforms such as CIEMS Series and Kuruma Base. The Smart Venue segment focuses on creating new venue concepts in partnership with government initiatives, including the GLION ARENA KOBE project.
32GF Score

Get the complete analysis for TSE:9417

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

円329.00
Price
円568.59
GF Value