Nagawa Co (TSE:9663) Operating Income: 円4,619 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9663 Nagawa Co Ltd TSE:9663
58 GF Score
Price 円5,140.00
GF Value 円7,193.29
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Nagawa Co Operating Income?

Nagawa Co TSE:9663 -1.34% 58 Operating Income is 円4,619 Mil as of Mar. 2026. GuruFocus rates TSE:9663 with a GF Score™ of 58/100 and a GF Value™ of 円7,193.29 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Nagawa Co's Operating Income for the three months ended in Mar. 2026 was 円1,192 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円4,619 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nagawa Co's Operating Income for the three months ended in Mar. 2026 was 円1,192 Mil. Nagawa Co's Revenue for the three months ended in Mar. 2026 was 円9,579 Mil. Therefore, Nagawa Co's Operating Margin % for the quarter that ended in Mar. 2026 was 12.44%.

Warning Sign:

Nagawa Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -3.9%.

Nagawa Co's 5-Year average Growth Rate for Operating Margin % was -3.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nagawa Co's annualized ROC % for the quarter that ended in Mar. 2026 was 5.06%. Nagawa Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.42%.


Nagawa Co  (TSE:9663) Operating Income Explanation

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

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

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=4768 * ( 1 - 33.76% )/( (64929 + 59872)/ 2 )
=3158.3232/62400.5
=5.06 %

where

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

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

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

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4768/( ( (28975 + max(7471, 0)) + (28707 + max(5885, 0)) )/ 2 )
=4768/( ( 36446 + 34592 )/ 2 )
=4768/35519
=13.42 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4505 + 5036 + 2953) - (2547 + 0 + 2476)
=7471

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4751 + 4960 + 2473) - (4582 + 0 + 1717)
=5885

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

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

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1192/9579
=12.44 %

* 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.


Nagawa Co Operating Income Related Terms


Nagawa Co Operating Income Historical Data

* Premium members only.

The historical data trend for Nagawa 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.

Nagawa Co Operating Income Chart

Nagawa Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,440.00 4,315.00 4,260.00 4,300.00 4,381.00

Nagawa Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 745.00 1,086.00 1,358.00 1,192.00 983.00
TSE:9663
58GF Score
Nagawa Co Ltd TSE:9663
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nagawa 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円4,619 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4,619 Mil mean?
Nagawa Co (TSE:9663) has a Operating Income of 円4,619 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nagawa Co and its competitors.
Is Nagawa Co's Operating Income too high?
Nagawa Co's current Operating Income is 円4,619 Mil. Overall, Nagawa Co has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nagawa Co's Operating Income compare to PWR and FIX?
Nagawa Co's Operating Income of 円4,619 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 Nagawa Co and its competitors. Nagawa Co's current Operating Income is 円4,619 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nagawa Co stock overvalued right now?
Based on GuruFocus' analysis, Nagawa Co (TSE:9663) is currently considered Modestly Undervalued. The stock's GF Value™ is 円7,193.29, compared to a current price of 円5,140.00 — trading 28.5% below its estimated fair value. The current Operating Income is 円4,619 Mil. Nagawa Co's overall GF Score™ is 58/100 with 3 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 Nagawa Co (TSE:9663), the current Operating Income is 円4,619 Mil as of Mar. 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 Nagawa Co (TSE:9663) Overvalued in 2026?

Based on GuruFocus' analysis, Nagawa Co stock appears to be undervalued. The current stock price of 円5,140.00 is trading 28.5% below its estimated GF Value™ of 円7,193.29. GuruFocus considers Nagawa Co to be Modestly Undervalued.

Key valuation signals for TSE:9663:

  • Operating Income: 円4,619 Mil
  • GF Value™: 円7,193.29 vs. price of 円5,140.00 (28.5% below fair value)
  • GF Score™: 58/100 with 3 warning signs

No single metric tells the full story. See the TSE:9663 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nagawa Co Business Description

Address 1-4-1, Marunouchi, Marunouchi Eiraku Building 22 Floor, Chiyoda-ku, Tokyo, JPN, 100-0005
Nagawa Co Ltd is engaged in the manufacture, sale, and lease of modular buildings under the Super House brand in Japan. It operates through two business segments. The Prefabricated House segment is engaged in the manufacture, sale, and rental of prefabricated houses, the rental and sale of related office equipment, supplies, and electrical products for prefabricated houses. The Construction Equipment Rental segment is involved in the sale and rental of construction equipment. Also, it is engaged in the sale of gasoline, light diesel oil and others.
58GF Score

Get the complete analysis for TSE:9663

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

円5,140.00
Price
円7,193.29
GF Value