Circlace (TSE:5029) Construction In Progress: 円127 Mil (As of Mar. 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:5029 Circlace Inc TSE:5029
64 GF Score
Price 円748.00
GF Value 円1,084.62
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Circlace Construction In Progress?

Circlace TSE:5029 +6.40% 64 Construction In Progress is 円127 Mil as of Mar. 2026. GuruFocus rates TSE:5029 with a GF Score™ of 64/100 and a GF Value™ of 円1,084.62 (Possible Value Trap). The stock has 6 warning signs investors should review.

Circlace's quarterly construction in progress declined from Mar. 2025 (円199 Mil) to Sep. 2025 (円127 Mil) and declined from Sep. 2025 (円127 Mil) to Mar. 2026 (円127 Mil).

Circlace's annual construction in progress increased from Mar. 2024 (円65 Mil) to Mar. 2025 (円199 Mil) but then declined from Mar. 2025 (円199 Mil) to Mar. 2026 (円127 Mil).

Circlace Construction In Progress Historical Data

* Premium members only.

The historical data trend for Circlace'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.

Circlace Construction In Progress Chart

Circlace Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial 4.20 49.66 65.36 199.46 126.78

Circlace Semi-Annual Data
Mar20 Mar21 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 65.36 66.80 199.46 127.37 126.78
TSE:5029
64GF Score
Circlace Inc TSE:5029
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Circlace 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127 Mil mean?
Circlace (TSE:5029) has a Construction In Progress of 円127 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Circlace and its competitors.
Is Circlace's Construction In Progress too high?
Circlace's current Construction In Progress is 円127 Mil. Overall, Circlace has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Circlace's Construction In Progress compare to UBER and SHOP?
Circlace's Construction In Progress of 円127 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 Circlace and its competitors. Circlace's current Construction In Progress is 円127 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Circlace stock overvalued right now?
Based on GuruFocus' analysis, Circlace (TSE:5029) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,084.62, compared to a current price of 円748.00 — trading 31% below its estimated fair value. The current Construction In Progress is 円127 Mil. Circlace's overall GF Score™ is 64/100 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 Circlace (TSE:5029), the current Construction In Progress is 円127 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 Circlace (TSE:5029) Overvalued in 2026?

Based on GuruFocus' analysis, Circlace stock appears to be undervalued. The current stock price of 円748.00 is trading 31% below its estimated GF Value™ of 円1,084.62. GuruFocus considers Circlace to be Possible Value Trap.

Key valuation signals for TSE:5029:

  • Construction In Progress: 円127 Mil
  • GF Value™: 円1,084.62 vs. price of 円748.00 (31% below fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the TSE:5029 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Circlace Business Description

Address 2-1-3 Nihonbashi, 6th Floor, Urbannet Nihonbashi 2-chome Building, Chuo-ku, Tokyo, JPN, 103-0027
Circlace Inc is engaged in multiple businesses that promote corporate digital transformation by utilizing IT technologies, such as Salesforce, Anaplan, ServiceNow, AWS, and Microsoft, and the development of its own SaaS cloud service AGAVE. The company's reportable segments are the Consulting business and the AoraNow business. The majority of its revenue is generated from the Consulting business, which provides comprehensive support to client companies in areas such as business design, system construction, data utilization, organizational reform, and human resource development through the introduction and utilization of cloud technologies such as Salesforce, Anaplan, AGAVE, AWS, and Microsoft. The AoraNow business supports the introduction and operation of ServiceNow.
64GF Score

Get the complete analysis for TSE:5029

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

円748.00
Price
円1,084.62
GF Value