TOKYO PRINTING INK MFG Co (TSE:4635) Operating Margin %: 4.38% (As of Mar. 2026) — 96% Above Median

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:4635 TOKYO PRINTING INK MFG Co Ltd TSE:4635
66 GF Score
Price 円1,370.00
GF Value 円791.53
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is TOKYO PRINTING INK MFG Co Operating Margin %?

TOKYO PRINTING INK MFG Co TSE:4635 +0.22% 66 Operating Margin % is 4.38% as of Mar. 2026, which is 96% above its 10-year median of 2.23. GuruFocus rates TSE:4635 with a GF Score™ of 66/100 and a GF Value™ of 円791.53 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,577 Chemicals companies, TOKYO PRINTING INK MFG Co ranks worse than 58.47% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. TOKYO PRINTING INK MFG Co's Operating Income for the six months ended in Mar. 2026 was 円1,122 Mil. TOKYO PRINTING INK MFG Co's Revenue for the six months ended in Mar. 2026 was 円25,590 Mil. Therefore, TOKYO PRINTING INK MFG Co's Operating Margin % for the quarter that ended in Mar. 2026 was 4.38%.

The historical rank and industry rank for TOKYO PRINTING INK MFG Co's Operating Margin % or its related term are showing as below:

TSE:4635' s Operating Margin % Range Over the Past 10 Years
Min: -0.04   Med: 2.23   Max: 4.45
Current: 4.45


TSE:4635's Operating Margin % is ranked worse than
58.47% of 1577 companies
in the Chemicals industry
Industry Median: 6.03 vs TSE:4635: 4.45

TOKYO PRINTING INK MFG Co's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

TOKYO PRINTING INK MFG Co's Operating Income for the six months ended in Mar. 2026 was 円1,122 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円2,222 Mil.


TOKYO PRINTING INK MFG Co  (TSE:4635) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

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 (Diluted) 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.


TOKYO PRINTING INK MFG Co Operating Margin % Related Terms


TOKYO PRINTING INK MFG Co Operating Margin % Historical Data

* Premium members only.

The historical data trend for TOKYO PRINTING INK MFG Co's Operating Margin % 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.

TOKYO PRINTING INK MFG Co Operating Margin % Chart

TOKYO PRINTING INK MFG Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.64 -0.04 1.76 2.80 4.45

TOKYO PRINTING INK MFG Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Operating Margin % 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 2.29 1.22 4.24 4.52 4.38

TSE:4635 vs LIN, SHW, ECL: Operating Margin % Comparison

For the Specialty Chemicals subindustry, TOKYO PRINTING INK MFG Co's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TOKYO PRINTING INK MFG Co Operating Margin % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, TOKYO PRINTING INK MFG Co's Operating Margin % distribution charts can be found below:

* The bar in red indicates where TOKYO PRINTING INK MFG Co's Operating Margin % falls into.


TSE:4635
66GF Score
TOKYO PRINTING INK MFG Co Ltd TSE:4635
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TOKYO PRINTING INK MFG Co Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

TOKYO PRINTING INK MFG Co's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=2222 / 49926
=4.45 %

TOKYO PRINTING INK MFG 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 )
=1122 / 25590
=4.38 %

* 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 Margin % →
What does a Operating Margin % of 4.38% mean?
TOKYO PRINTING INK MFG Co (TSE:4635) has a Operating Margin % of 4.38% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on TOKYO PRINTING INK MFG Co and its competitors. This is 96% above median its historical median of 2.23. According to the industry distribution chart, TOKYO PRINTING INK MFG Co ranks #922 out of 1577 companies in the Chemicals industry, placing it in the top 58.5%.
Is TOKYO PRINTING INK MFG Co's Operating Margin % too high?
TOKYO PRINTING INK MFG Co's current Operating Margin % of 4.38% is 96% above median its 10-year median of 2.23. The Chemicals industry median Operating Margin % is 6.03. TOKYO PRINTING INK MFG Co's value of 4.38% is 27.4% below this industry median. Based on the distribution chart, TOKYO PRINTING INK MFG Co ranks #922 out of 1577 companies in the Chemicals industry, which is below the industry midpoint. Overall, TOKYO PRINTING INK MFG Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOKYO PRINTING INK MFG Co's Operating Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, TOKYO PRINTING INK MFG Co ranks #922 out of 1577 companies for Operating Margin %. This places TOKYO PRINTING INK MFG Co in the lower half of its industry. The industry median Operating Margin % is 6.03. TOKYO PRINTING INK MFG Co's value of 4.38% is 27.4% below this benchmark. While the company's 10-year median is 2.23 vs. the industry median of 6.03, TOKYO PRINTING INK MFG Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Chemicals company?
The median Operating Margin % among Chemicals companies is 6.03, based on 1,577 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TOKYO PRINTING INK MFG Co's current Operating Margin % of 4.38% is 27.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on TOKYO PRINTING INK MFG Co and its competitors. For the Chemicals industry, the median Operating Margin % is 6.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOKYO PRINTING INK MFG Co's current Operating Margin % is 4.38%, which is 96% above median its own 10-year median of 2.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOKYO PRINTING INK MFG Co stock overvalued right now?
Based on GuruFocus' analysis, TOKYO PRINTING INK MFG Co (TSE:4635) is currently considered Significantly Overvalued. The stock's GF Value™ is 円791.53, compared to a current price of 円1,370.00 — trading 73.1% above its estimated fair value. The current Operating Margin % is 4.38%, which is 96% above median its 10-year median of 2.23 and 27.4% below the Chemicals industry median of 6.03. TOKYO PRINTING INK MFG Co's overall GF Score™ is 66/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For TOKYO PRINTING INK MFG Co (TSE:4635), the current Operating Margin % is 4.38% 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 TOKYO PRINTING INK MFG Co (TSE:4635) Overvalued in 2026?

Based on GuruFocus' analysis, TOKYO PRINTING INK MFG Co stock appears to be overvalued. The current stock price of 円1,370.00 is trading 73.1% above its estimated GF Value™ of 円791.53. GuruFocus considers TOKYO PRINTING INK MFG Co to be Significantly Overvalued.

Key valuation signals for TSE:4635:

  • Operating Margin %: 4.38% (96% above median its 10-year median of 2.23)
  • GF Value™: 円791.53 vs. price of 円1,370.00 (73.1% above fair value)
  • GF Score™: 66/100 with 1 warning sign
  • Industry Position: 27.4% below the Chemicals median (#922 of 1577)

No single metric tells the full story. See the TSE:4635 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TOKYO PRINTING INK MFG Co Business Description

Address 1-12-4 Oji, Kita-ku, Tokyo, JPN
TOKYO PRINTING INK MFG Co Ltd is the speciality chemicals manufacturing company. The core business segments of the company comprise of the followings - Ink business, Chemical Products, and Processed Products business. Ink business offers offset printing, gravure ink, inkjet ink, high performance, and high-quality printer ink. Chemical Products includes colorant for plastics, functional additives for plastics, and other functional products. The Processed Products business supply packaging materials, civil engineering materials and agricultural materials for various industrial applications.
66GF Score

Get the complete analysis for TSE:4635

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

円1,370.00
Price
円791.53
GF Value