Bitcoin Japan (TSE:8105) Operating Margin %: -17.81% (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:8105 Bitcoin Japan Corp TSE:8105
51 GF Score
Price 円137.00
GF Value 円37.00
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Bitcoin Japan Operating Margin %?

Bitcoin Japan TSE:8105 -4.20% 51 Operating Margin % is -17.81% as of Mar. 2026. GuruFocus rates TSE:8105 with a GF Score™ of 51/100 and a GF Value™ of 円37.00 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,037 Manufacturing - Apparel & Accessories companies, Bitcoin Japan ranks worse than 90.74% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bitcoin Japan's Operating Income for the six months ended in Mar. 2026 was 円-268 Mil. Bitcoin Japan's Revenue for the six months ended in Mar. 2026 was 円1,506 Mil. Therefore, Bitcoin Japan's Operating Margin % for the quarter that ended in Mar. 2026 was -17.81%.

Warning Sign:

Bitcoin Japan Corp operating margin has been in a 5-year decline. The average rate of decline per year is -11.1%.

The historical rank and industry rank for Bitcoin Japan's Operating Margin % or its related term are showing as below:

TSE:8105' s Operating Margin % Range Over the Past 10 Years
Min: -15.61   Med: -4.93   Max: 1.15
Current: -15.61


TSE:8105's Operating Margin % is ranked worse than
90.74% of 1037 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.09 vs TSE:8105: -15.61

Bitcoin Japan's 5-Year Average Operating Margin % Growth Rate was -11.10% per year.

Bitcoin Japan's Operating Income for the six months ended in Mar. 2026 was 円-268 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円-462 Mil.


Bitcoin Japan  (TSE:8105) 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.


Bitcoin Japan Operating Margin % Related Terms


Bitcoin Japan Operating Margin % Historical Data

* Premium members only.

The historical data trend for Bitcoin Japan'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.

Bitcoin Japan Operating Margin % Chart

Bitcoin Japan 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 -4.70 -3.00 -5.16 -11.46 -15.61

Bitcoin Japan 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 -4.63 -12.21 -10.73 -13.33 -17.81

TSE:8105 vs RL, LEVI, VFC: Operating Margin % Comparison

For the Apparel Manufacturing subindustry, Bitcoin Japan'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.


Bitcoin Japan Operating Margin % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bitcoin Japan's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Bitcoin Japan's Operating Margin % falls into.


TSE:8105
51GF Score
Bitcoin Japan Corp TSE:8105
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bitcoin Japan 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.

Bitcoin Japan'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 )
=-462.011 / 2959.059
=-15.61 %

Bitcoin Japan'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 )
=-268.305 / 1506.253
=-17.81 %

* 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 -17.81% mean?
Bitcoin Japan (TSE:8105) has a Operating Margin % of -17.81% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Bitcoin Japan and its competitors. According to the industry distribution chart, Bitcoin Japan ranks #941 out of 1037 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 90.7%.
Is Bitcoin Japan's Operating Margin % too high?
Bitcoin Japan's current Operating Margin % is -17.81%. Based on the distribution chart, Bitcoin Japan ranks #941 out of 1037 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Bitcoin Japan has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bitcoin Japan's Operating Margin % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Bitcoin Japan ranks #941 out of 1037 companies for Operating Margin %. This places Bitcoin Japan in the lower half of its industry. The industry median Operating Margin % is 4.09. 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 Manufacturing - Apparel & Accessories company?
The median Operating Margin % among Manufacturing - Apparel & Accessories companies is 4.09, based on 1,037 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. 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 Bitcoin Japan and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Operating Margin % is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bitcoin Japan's current Operating Margin % is -17.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bitcoin Japan stock overvalued right now?
Based on GuruFocus' analysis, Bitcoin Japan (TSE:8105) is currently considered Significantly Overvalued. The stock's GF Value™ is 円37.00, compared to a current price of 円137.00 — trading 270.3% above its estimated fair value. The current Operating Margin % is -17.81%. Bitcoin Japan's overall GF Score™ is 51/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Bitcoin Japan (TSE:8105), the current Operating Margin % is -17.81% 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 Bitcoin Japan (TSE:8105) Overvalued in 2026?

Based on GuruFocus' analysis, Bitcoin Japan stock appears to be overvalued. The current stock price of 円137.00 is trading 270.3% above its estimated GF Value™ of 円37.00. GuruFocus considers Bitcoin Japan to be Significantly Overvalued.

Key valuation signals for TSE:8105:

  • Operating Margin %: -17.81%
  • GF Value™: 円37.00 vs. price of 円137.00 (270.3% above fair value)
  • GF Score™: 51/100 with 3 warning signs

No single metric tells the full story. See the TSE:8105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bitcoin Japan Business Description

Address 1-10-5 Yokoami, Kokugikan Front Building 3rd floor, Sumida-ku, Tokyo, JPN
Bitcoin Japan Corp operates at the intersection of Bitcoin-related financial services and artificial intelligence. The company is developing infrastructure intended to support Japan's participation in the emerging intelligence-focused economy, combining AI-related investments with a balance sheet that includes Bitcoin holdings.
51GF Score

Get the complete analysis for TSE:8105

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

円137.00
Price
円37.00
GF Value