Note (TSE:5243) EPS without NRI: 円41.96 (TTM As of May. 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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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:5243 Note Inc TSE:5243
63 GF Score
Price 円2,195.00
GF Value 円866.95
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Note EPS without NRI?

Note TSE:5243 +2.38% 63 EPS without NRI is 円41.96 as of May. 2026. GuruFocus rates TSE:5243 with a GF Score™ of 63/100 and a GF Value™ of 円866.95 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,073 Software companies, Note ranks worse than 48239.22% on this metric.

Note's earnings per share without non-recurring items for the three months ended in May. 2026 was 円0.00. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in May. 2026 was 円41.96.

During the past 12 months, Note's average earnings per share (NRI) Growth Rate was 284.00% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 0.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for Note's EPS without NRI or its related term are showing as below:

During the past 6 years, Note's highest 3-Year average Earnings Per Share (NRI) Growth Rate was -11.20% per year. The lowest was -11.20% per year. And the median was -11.20% per year.

TSE:5243's 3-Year EPS without NRI Growth Rate is not ranked *
in the Software industry.
Industry Median: 12.5
* Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.

Note's EPS (Diluted) for the three months ended in May. 2026 was 円0.00. Its EPS (Diluted) for the trailing twelve months (TTM) ended in May. 2026 was 円41.97.

Note's EPS (Basic) for the three months ended in May. 2026 was 円0.00. Its EPS (Basic) for the trailing twelve months (TTM) ended in May. 2026 was 円42.49.


Note  (TSE:5243) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Note EPS without NRI Related Terms


Note EPS without NRI Historical Data

* Premium members only.

The historical data trend for Note's EPS without NRI 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.

Note EPS without NRI Chart

Note Annual Data
Trend Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
EPS without NRI
Get a 7-Day Free Trial -31.96 -52.50 -27.55 6.39 26.82

Note Quarterly Data
Nov20 Nov21 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
EPS without NRI 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 4.09 8.10 14.33 15.44 0.00

TSE:5243 vs UBER, SHOP, CRM: EPS without NRI Comparison

For the Software - Application subindustry, Note's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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.


Note PE Ratio without NRI vs Software Industry

For the Software industry and Technology sector, Note's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Note's PE Ratio without NRI falls into.


TSE:5243
63GF Score
Note Inc TSE:5243
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Note EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円41.96

* 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 EPS without NRI →
What does a EPS without NRI of 円41.96 mean?
Note (TSE:5243) has a EPS without NRI of 円41.96 as of May. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Note and its competitors. According to the industry distribution chart, Note ranks #999999 out of 2073 companies in the Software industry.
Is Note's EPS without NRI too high?
Note's current EPS without NRI is 円41.96. Based on the distribution chart, Note ranks #999999 out of 2073 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Note has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Note's EPS without NRI compare to UBER and SHOP?
According to the Software industry distribution chart, Note ranks #999999 out of 2073 companies for EPS without NRI. This places Note in the lower half of its industry. The industry median EPS without NRI is 12.50. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Software company?
The median EPS without NRI among Software companies is 12.50, based on 2,073 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Note and its competitors. For the Software industry, the median EPS without NRI is 12.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Note's current EPS without NRI is 円41.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Note stock overvalued right now?
Based on GuruFocus' analysis, Note (TSE:5243) is currently considered Significantly Overvalued. The stock's GF Value™ is 円866.95, compared to a current price of 円2,195.00 — trading 153.2% above its estimated fair value. The current EPS without NRI is 円41.96. Note's overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Note (TSE:5243), the current EPS without NRI is 円41.96 as of May. 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 Note (TSE:5243) Overvalued in 2026?

Based on GuruFocus' analysis, Note stock appears to be overvalued. The current stock price of 円2,195.00 is trading 153.2% above its estimated GF Value™ of 円866.95. GuruFocus considers Note to be Significantly Overvalued.

Key valuation signals for TSE:5243:

  • EPS without NRI: 円41.96
  • GF Value™: 円866.95 vs. price of 円2,195.00 (153.2% above fair value)
  • GF Score™: 63/100 with 6 warning signs

No single metric tells the full story. See the TSE:5243 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Note Business Description

Address 3-1-2 Kitaaoyama, Minato-ku, Tokyo, JPN, 107-0061
Website https://note.jp
Note Inc is engaged in the operation of C2C content platform.
63GF Score

Get the complete analysis for TSE:5243

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,195.00
Price
円866.95
GF Value