Laox Holdings Co (TSE:8202) Operating Margin %: 6.78% (As of Dec. 2025)


TSE:8202 Laox Holdings Co Ltd TSE:8202
44 GF Score
Price 円146.00
GF Value 円212.76
Valuation Possible Value Trap
! 8 Warning Signs
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What is Laox Holdings Co Operating Margin %?

Laox Holdings Co TSE:8202 +1.39% 44 Operating Margin % is 6.78% as of Dec. 2025. GuruFocus rates TSE:8202 with a GF Score™ of 44/100 and a GF Value™ of 円212.76 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,128 Retail - Cyclical companies, Laox Holdings Co ranks worse than 72.61% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Laox Holdings Co's Operating Income for the three months ended in Dec. 2025 was 円1,224 Mil. Laox Holdings Co's Revenue for the three months ended in Dec. 2025 was 円18,065 Mil. Therefore, Laox Holdings Co's Operating Margin % for the quarter that ended in Dec. 2025 was 6.78%.

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

TSE:8202' s Operating Margin % Range Over the Past 10 Years
Min: -4.18   Med: -0.36   Max: 0.47
Current: 0.46


TSE:8202's Operating Margin % is ranked worse than
72.61% of 1128 companies
in the Retail - Cyclical industry
Industry Median: 3.905 vs TSE:8202: 0.46

Laox Holdings Co's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Laox Holdings Co's Operating Income for the three months ended in Dec. 2025 was 円1,224 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was 円261 Mil.


Laox Holdings Co  (TSE:8202) 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.


Laox Holdings Co Operating Margin % Related Terms


Laox Holdings Co Operating Margin % Historical Data

* Premium members only.

The historical data trend for Laox Holdings 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.

Laox Holdings Co Operating Margin % Chart

Laox Holdings Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.18 0.09 0.47 0.23 0.12

Laox Holdings Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 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 -9.13 -0.10 -0.63 6.78 -8.08

TSE:8202 vs CASY, WSM, ULTA: Operating Margin % Comparison

For the Specialty Retail subindustry, Laox Holdings 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.


Laox Holdings Co Operating Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Laox Holdings Co's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Laox Holdings Co's Operating Margin % falls into.


TSE:8202
44GF Score
Laox Holdings Co Ltd TSE:8202
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Laox Holdings 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.

Laox Holdings Co's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=69 / 57535
=0.12 %

Laox Holdings 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 )
=1224 / 18065
=6.78 %

* 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 6.78% mean?
Laox Holdings Co (TSE:8202) has a Operating Margin % of 6.78% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Laox Holdings Co and its competitors. According to the industry distribution chart, Laox Holdings Co ranks #819 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 72.6%.
Is Laox Holdings Co's Operating Margin % too high?
Laox Holdings Co's current Operating Margin % is 6.78%. The Retail - Cyclical industry median Operating Margin % is 3.91. Laox Holdings Co's value of 6.78% is 73.6% above this industry median. Based on the distribution chart, Laox Holdings Co ranks #819 out of 1128 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Laox Holdings Co has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Laox Holdings Co's Operating Margin % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Laox Holdings Co ranks #819 out of 1128 companies for Operating Margin %. This places Laox Holdings Co in the lower half of its industry. The industry median Operating Margin % is 3.91. Laox Holdings Co's value of 6.78% is 73.6% above this benchmark. 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 Retail - Cyclical company?
The median Operating Margin % among Retail - Cyclical companies is 3.91, based on 1,128 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. Laox Holdings Co's current Operating Margin % of 6.78% is 73.6% above 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 Laox Holdings Co and its competitors. For the Retail - Cyclical industry, the median Operating Margin % is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Laox Holdings Co's current Operating Margin % is 6.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Laox Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Laox Holdings Co (TSE:8202) is currently considered Possible Value Trap. The stock's GF Value™ is 円212.76, compared to a current price of 円146.00 — trading 31.4% below its estimated fair value. The current Operating Margin % is 6.78% and 73.6% above the Retail - Cyclical industry median of 3.91. Laox Holdings Co's overall GF Score™ is 44/100 with 8 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 Laox Holdings Co (TSE:8202), the current Operating Margin % is 6.78% 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 Laox Holdings Co (TSE:8202) Overvalued in 2026?

Based on GuruFocus' analysis, Laox Holdings Co stock appears to be undervalued. The current stock price of 円146.00 is trading 31.4% below its estimated GF Value™ of 円212.76. GuruFocus considers Laox Holdings Co to be Possible Value Trap.

Key valuation signals for TSE:8202:

  • Operating Margin %: 6.78%
  • GF Value™: 円212.76 vs. price of 円146.00 (31.4% below fair value)
  • GF Score™: 44/100 with 8 warning signs
  • Industry Position: 73.6% above the Retail - Cyclical median (#819 of 1128)

No single metric tells the full story. See the TSE:8202 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Laox Holdings Co Business Description

Address 4-3-1 Toranomon, 29th Floor, Shiroyama Trust Tower, Minato-ku, Tokyo, JPN, 105-6029
Laox Holdings Co Ltd is a Japan-based Duty-Free store company. It is engaged in the Gift Solutions, Retail, Trading, and Asset Services. The Retail business includes various products which it sells in real stores and through online sales, Gift Solutions business consists Sales of gift items and lifestyle-related products, and others. The Trading business through the import and export of private label products, etc., and Asset Services Business involves the operation and management of mixed-use commercial facilities, real estate sales and brokerage, and rental property management.
44GF Score

Get the complete analysis for TSE:8202

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

円146.00
Price
円212.76
GF Value