Ministop Co (TSE:9946) Operating Margin %: -9.92% (As of Feb. 2026)


TSE:9946 Ministop Co Ltd TSE:9946
62 GF Score
Price 円1,778.00
GF Value 円1,890.96
Valuation Fairly Valued
! 4 Warning Signs
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What is Ministop Co Operating Margin %?

Ministop Co TSE:9946 -0.50% 62 Operating Margin % is -9.92% as of Feb. 2026. GuruFocus rates TSE:9946 with a GF Score™ of 62/100 and a GF Value™ of 円1,890.96 (Fairly Valued). The stock has 4 warning signs investors should review. Among 310 Retail - Defensive companies, Ministop Co ranks worse than 89.68% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ministop Co's Operating Income for the three months ended in Feb. 2026 was 円-2,157 Mil. Ministop Co's Revenue for the three months ended in Feb. 2026 was 円21,754 Mil. Therefore, Ministop Co's Operating Margin % for the quarter that ended in Feb. 2026 was -9.92%.

Warning Sign:

Ministop Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -9.8%.

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

TSE:9946' s Operating Margin % Range Over the Past 10 Years
Min: -3.98   Med: -1.42   Max: 0.63
Current: -3.93


TSE:9946's Operating Margin % is ranked worse than
89.68% of 310 companies
in the Retail - Defensive industry
Industry Median: 3.275 vs TSE:9946: -3.93

Ministop Co's 5-Year Average Operating Margin % Growth Rate was -9.80% per year.

Ministop Co's Operating Income for the three months ended in Feb. 2026 was 円-2,157 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was 円-3,604 Mil.


Ministop Co  (TSE:9946) 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.


Ministop Co Operating Margin % Related Terms


Ministop Co Operating Margin % Historical Data

* Premium members only.

The historical data trend for Ministop 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.

Ministop Co Operating Margin % Chart

Ministop Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.71 -1.27 -0.76 -3.98 -3.93

Ministop Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 -6.98 0.00 4.46 -12.03 -9.92

TSE:9946 vs KR: Operating Margin % Comparison

For the Grocery Stores subindustry, Ministop 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.


Ministop Co Operating Margin % vs Retail - Defensive Industry

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

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


TSE:9946
62GF Score
Ministop Co Ltd TSE:9946
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ministop 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.

Ministop Co's Operating Margin % for the fiscal year that ended in Feb. 2026 is calculated as

Operating Margin %=Operating Income (A: Feb. 2026 ) / Revenue (A: Feb. 2026 )
=-3604 / 91788
=-3.93 %

Ministop Co's Operating Margin % for the quarter that ended in Feb. 2026 is calculated as

Operating Margin %=Operating Income (Q: Feb. 2026 ) / Revenue (Q: Feb. 2026 )
=-2157 / 21754
=-9.92 %

* 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 -9.92% mean?
Ministop Co (TSE:9946) has a Operating Margin % of -9.92% as of Feb. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Ministop Co and its competitors. According to the industry distribution chart, Ministop Co ranks #278 out of 310 companies in the Retail - Defensive industry, placing it in the top 89.7%.
Is Ministop Co's Operating Margin % too high?
Ministop Co's current Operating Margin % is -9.92%. Based on the distribution chart, Ministop Co ranks #278 out of 310 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Ministop Co has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ministop Co's Operating Margin % compare to KR?
According to the Retail - Defensive industry distribution chart, Ministop Co ranks #278 out of 310 companies for Operating Margin %. This places Ministop Co in the lower half of its industry. The industry median Operating Margin % is 3.28. 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 - Defensive company?
The median Operating Margin % among Retail - Defensive companies is 3.28, based on 310 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 Ministop Co and its competitors. For the Retail - Defensive industry, the median Operating Margin % is 3.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ministop Co's current Operating Margin % is -9.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ministop Co stock overvalued right now?
Based on GuruFocus' analysis, Ministop Co (TSE:9946) is currently considered Fairly Valued. The stock's GF Value™ is 円1,890.96, compared to a current price of 円1,778.00 — trading 6% below its estimated fair value. The current Operating Margin % is -9.92%. Ministop Co's overall GF Score™ is 62/100 with 4 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 Ministop Co (TSE:9946), the current Operating Margin % is -9.92% as of Feb. 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 Ministop Co (TSE:9946) Overvalued in 2026?

Based on GuruFocus' analysis, Ministop Co stock appears to be undervalued. The current stock price of 円1,778.00 is trading 6% below its estimated GF Value™ of 円1,890.96. GuruFocus considers Ministop Co to be Fairly Valued.

Key valuation signals for TSE:9946:

  • Operating Margin %: -9.92%
  • GF Value™: 円1,890.96 vs. price of 円1,778.00 (6% below fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the TSE:9946 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ministop Co Business Description

Address AEON Tower, 1-5-1 Nakase, Mihama-ku, Chiba-shi, Chiba, JPN, 261-8515
Ministop Co Ltd is a Japan-based company that is principally engaged in operating a convenience store chain. The company offers fresh products, like rice balls, lunch boxes, hot snacks, sandwiches, soft-serve ice cream, as well as beverages, sweets, miscellaneous products, and other items. The company provides seating areas for customers to eat foods and have a rest. Consumers can use Wi-Fi in the stores of the company, and can make tax-free purchases in some stores. The company also provides additional services, like bill payment, photocopying, ATM access, and other services.
62GF Score

Get the complete analysis for TSE:9946

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

円1,778.00
Price
円1,890.96
GF Value