Hikari Business Form Co (TSE:3948) Construction In Progress: 円97 Mil (As of Dec. 2025)


TSE:3948 Hikari Business Form Co Ltd TSE:3948
55 GF Score
Price 円1,131.00
GF Value 円673.57
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Hikari Business Form Co Construction In Progress?

Hikari Business Form Co TSE:3948 -0.79% 55 Construction In Progress is 円97 Mil as of Dec. 2025. GuruFocus rates TSE:3948 with a GF Score™ of 55/100 and a GF Value™ of 円673.57 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Hikari Business Form Co's quarterly construction in progress stayed the same from Dec. 2024 (円0 Mil) to Jun. 2025 (円0 Mil) but then increased from Jun. 2025 (円0 Mil) to Dec. 2025 (円97 Mil).

Hikari Business Form Co's annual construction in progress declined from Dec. 2023 (円1 Mil) to Dec. 2024 (円0 Mil) but then increased from Dec. 2024 (円0 Mil) to Dec. 2025 (円97 Mil).

Hikari Business Form Co Construction In Progress Historical Data

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The historical data trend for Hikari Business Form Co's Construction In Progress 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.

Hikari Business Form Co Construction In Progress Chart

Hikari Business Form Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.98 0.54 0.97 0.00 97.35

Hikari Business Form Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Construction In Progress 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 0.97 0.00 0.00 0.00 97.35
TSE:3948
55GF Score
Hikari Business Form Co Ltd TSE:3948
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Hikari Business Form Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of 円97 Mil mean?
Hikari Business Form Co (TSE:3948) has a Construction In Progress of 円97 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Hikari Business Form Co and its competitors.
Is Hikari Business Form Co's Construction In Progress too high?
Hikari Business Form Co's current Construction In Progress is 円97 Mil. Overall, Hikari Business Form Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hikari Business Form Co's Construction In Progress compare to CTAS and CPRT?
Hikari Business Form Co's Construction In Progress of 円97 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Business Services company?
A good Construction In Progress depends on the Business Services industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Hikari Business Form Co and its competitors. Hikari Business Form Co's current Construction In Progress is 円97 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hikari Business Form Co stock overvalued right now?
Based on GuruFocus' analysis, Hikari Business Form Co (TSE:3948) is currently considered Significantly Overvalued. The stock's GF Value™ is 円673.57, compared to a current price of 円1,131.00 — trading 67.9% above its estimated fair value. The current Construction In Progress is 円97 Mil. Hikari Business Form Co's overall GF Score™ is 55/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Hikari Business Form Co (TSE:3948), the current Construction In Progress is 円97 Mil 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 Hikari Business Form Co (TSE:3948) Overvalued in 2026?

Based on GuruFocus' analysis, Hikari Business Form Co stock appears to be overvalued. The current stock price of 円1,131.00 is trading 67.9% above its estimated GF Value™ of 円673.57. GuruFocus considers Hikari Business Form Co to be Significantly Overvalued.

Key valuation signals for TSE:3948:

  • Construction In Progress: 円97 Mil
  • GF Value™: 円673.57 vs. price of 円1,131.00 (67.9% above fair value)
  • GF Score™: 55/100 with 6 warning signs

No single metric tells the full story. See the TSE:3948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hikari Business Form Co Business Description

Address 553, Higashiasakawa town, Hachioji, Tokyo, JPN, 193-0834
Hikari Business Form Co Ltd is engaged in providing printing services. The services offered by the company are commercial printing, business process outsourcing, post process, web solution, DPP, and others.
55GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,131.00
Price
円673.57
GF Value