Tsukuruba (TSE:2978) Total Operating Expense: 円2,739 Mil (TTM As of Jan. 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:2978 Tsukuruba Inc TSE:2978
58 GF Score
Price 円345.00
GF Value 円1,336.14
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Tsukuruba Total Operating Expense?

Tsukuruba TSE:2978 +0.88% 58 Total Operating Expense is 円2,739 Mil as of Jan. 2026. GuruFocus rates TSE:2978 with a GF Score™ of 58/100 and a GF Value™ of 円1,336.14 (Possible Value Trap). The stock has 7 warning signs investors should review.

Tsukuruba's Total Operating Expense for the three months ended in Jan. 2026 was 円0 Mil. Tsukuruba's Total Operating Expense for the trailing twelve months (TTM) ended in Jan. 2026 was 円2,739 Mil.


Tsukuruba Total Operating Expense Related Terms


Tsukuruba Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Tsukuruba's Total Operating Expense 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.

Tsukuruba Total Operating Expense Chart

Tsukuruba Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only 1,623.27 2,618.33 2,654.80 2,668.92 3,268.89

Tsukuruba Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Total Operating Expense 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 837.32 846.15 895.05 0.00 997.85
TSE:2978
58GF Score
Tsukuruba Inc TSE:2978
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tsukuruba Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Jan. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円2,739 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.

What does a Total Operating Expense of 円2,739 Mil mean?
Tsukuruba (TSE:2978) has a Total Operating Expense of 円2,739 Mil as of Jan. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Tsukuruba and its competitors.
Is Tsukuruba's Total Operating Expense too high?
Tsukuruba's current Total Operating Expense is 円2,739 Mil. Overall, Tsukuruba has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tsukuruba's Total Operating Expense compare to CBRE and BEKE?
Tsukuruba's Total Operating Expense of 円2,739 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Real Estate company?
A good Total Operating Expense depends on the Real Estate industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Tsukuruba and its competitors. Tsukuruba's current Total Operating Expense is 円2,739 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsukuruba stock overvalued right now?
Based on GuruFocus' analysis, Tsukuruba (TSE:2978) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,336.14, compared to a current price of 円345.00 — trading 74.2% below its estimated fair value. The current Total Operating Expense is 円2,739 Mil. Tsukuruba's overall GF Score™ is 58/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Tsukuruba (TSE:2978), the current Total Operating Expense is 円2,739 Mil as of Jan. 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 Tsukuruba (TSE:2978) Overvalued in 2026?

Based on GuruFocus' analysis, Tsukuruba stock appears to be undervalued. The current stock price of 円345.00 is trading 74.2% below its estimated GF Value™ of 円1,336.14. GuruFocus considers Tsukuruba to be Possible Value Trap.

Key valuation signals for TSE:2978:

  • Total Operating Expense: 円2,739 Mil
  • GF Value™: 円1,336.14 vs. price of 円345.00 (74.2% below fair value)
  • GF Score™: 58/100 with 7 warning signs

No single metric tells the full story. See the TSE:2978 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tsukuruba Business Description

Address 1-1-5 Kamimeguro, 2nd Ikura Building, 2nd Floor, Meguro-ku, Tokyo, JPN, 153-0051
Tsukuruba Inc operates as a distribution platform "cowcamo" for renovation housing utilizing information technology.
58GF Score

Get the complete analysis for TSE:2978

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

円345.00
Price
円1,336.14
GF Value