Innovation (TSE:3970) Construction In Progress: 円0 Mil (As of Mar. 2026)

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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.
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TSE:3970 Innovation Inc TSE:3970
62 GF Score
Price 円774.00
GF Value 円1,647.57
Valuation Possible Value Trap
! 5 Warning Signs
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What is Innovation Construction In Progress?

Innovation TSE:3970 +0.13% 62 Construction In Progress is 円0 Mil as of Mar. 2026. GuruFocus rates TSE:3970 with a GF Score™ of 62/100 and a GF Value™ of 円1,647.57 (Possible Value Trap). The stock has 5 warning signs investors should review.

Innovation Construction In Progress Historical Data

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The historical data trend for Innovation'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.

Innovation Construction In Progress Chart

Innovation Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
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Innovation Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.00 0.00 0.00 0.00 0.00
TSE:3970
62GF Score
Innovation Inc TSE:3970
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Innovation 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0 Mil mean?
Innovation (TSE:3970) has a Construction In Progress of 円0 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Innovation and its competitors.
Is Innovation's Construction In Progress too high?
Innovation's current Construction In Progress is 円0 Mil. Overall, Innovation has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Innovation's Construction In Progress compare to IBM and ACN?
Innovation's Construction In Progress of 円0 Mil can be compared against companies in the Software 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 Software company?
A good Construction In Progress depends on the Software 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 Innovation and its competitors. Innovation's current Construction In Progress is 円0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovation stock overvalued right now?
Based on GuruFocus' analysis, Innovation (TSE:3970) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,647.57, compared to a current price of 円774.00 — trading 53% below its estimated fair value. The current Construction In Progress is 円0 Mil. Innovation's overall GF Score™ is 62/100 with 5 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 Innovation (TSE:3970), the current Construction In Progress is 円0 Mil 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 Innovation (TSE:3970) Overvalued in 2026?

Based on GuruFocus' analysis, Innovation stock appears to be undervalued. The current stock price of 円774.00 is trading 53% below its estimated GF Value™ of 円1,647.57. GuruFocus considers Innovation to be Possible Value Trap.

Key valuation signals for TSE:3970:

  • Construction In Progress: 円0 Mil
  • GF Value™: 円1,647.57 vs. price of 円774.00 (53% below fair value)
  • GF Score™: 62/100 with 5 warning signs

No single metric tells the full story. See the TSE:3970 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Innovation Business Description

Address 3-10-13 Shibuya, Shibuya R Building, 3rd floor Shibuya-ku, Tokyo, JPN, 150-0002
Innovation Inc provides information technology services. Its services divided into three categories; online media services, marketing automation services, online negotiation service. Its products include online media services and cloud services.
62GF Score

Get the complete analysis for TSE:3970

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

円774.00
Price
円1,647.57
GF Value