ASJ (NGO:2351) Goodwill: 円13 Mil (As of Mar. 2026)


NGO:2351 ASJ Inc NGO:2351
51 GF Score
Price 円307.00
GF Value 円375.75
Valuation Modestly Undervalued
! 4 Warning Signs
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What is ASJ Goodwill?

ASJ NGO:2351 51 Goodwill is 円13 Mil as of Mar. 2026. GuruFocus rates NGO:2351 with a GF Score™ of 51/100 and a GF Value™ of 円375.75 (Modestly Undervalued). The stock has 4 warning signs investors should review.

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. ASJ's goodwill for the quarter that ended in Mar. 2026 was 円13 Mil.


ASJ  (NGO:2351) Goodwill Explanation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

ASJ's Goodwill-to-Asset Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Goodwill-to-Asset (A: Mar. 2026 )=Goodwill/Total Assets
=13.134/4828.525
=0.00

ASJ's Goodwill-to-Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

Goodwill-to-Asset (Q: Mar. 2026 )=Goodwill/Total Assets
=13.134/4828.525
=0.00

* 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.

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


ASJ Goodwill Related Terms


ASJ Goodwill Historical Data

* Premium members only.

The historical data trend for ASJ's Goodwill 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.

ASJ Goodwill Chart

ASJ Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Goodwill
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.13 13.13 13.13 13.13 13.13

ASJ Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Goodwill 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 13.13 13.13 13.13 13.13 13.13
NGO:2351
51GF Score
ASJ Inc NGO:2351
Goodwill is just one metric. See GF Score™, valuation, warning signs, and more.
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ASJ Goodwill Calculation

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.

Frequently Asked Questions Learn more about Goodwill →
What does a Goodwill of 円13 Mil mean?
ASJ (NGO:2351) has a Goodwill of 円13 Mil as of Mar. 2026. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on ASJ and its competitors.
Is ASJ's Goodwill too high?
ASJ's current Goodwill is 円13 Mil. Overall, ASJ has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ASJ's Goodwill compare to MSFT and ORCL?
ASJ's Goodwill of 円13 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 Goodwill for a Software company?
A good Goodwill depends on the Software industry context. However, Goodwill 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 Goodwill mean?
A high Goodwill can signal that a stock is expensive relative to its fundamentals. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on ASJ and its competitors. ASJ's current Goodwill is 円13 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASJ stock overvalued right now?
Based on GuruFocus' analysis, ASJ (NGO:2351) is currently considered Modestly Undervalued. The stock's GF Value™ is 円375.75, compared to a current price of 円307.00 — trading 18.3% below its estimated fair value. The current Goodwill is 円13 Mil. ASJ's overall GF Score™ is 51/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Goodwill calculated?
Goodwill is calculated from a company's financial statements. For ASJ (NGO:2351), the current Goodwill is 円13 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 ASJ (NGO:2351) Overvalued in 2026?

Based on GuruFocus' analysis, ASJ stock appears to be undervalued. The current stock price of 円307.00 is trading 18.3% below its estimated GF Value™ of 円375.75. GuruFocus considers ASJ to be Modestly Undervalued.

Key valuation signals for NGO:2351:

  • Goodwill: 円13 Mil
  • GF Value™: 円375.75 vs. price of 円307.00 (18.3% below fair value)
  • GF Score™: 51/100 with 4 warning signs

No single metric tells the full story. See the NGO:2351 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASJ Business Description

Other Exchanges 2351:Japan
Address 3-2-16 Sakaemachi, Saitama Prefecture, Kawaguchi, JPN, 332-0017
ASJ Inc is a core services provider company. It is engaged in Internet-related services such as hosting service and provision of groupware and domain service. Its business activities include cloud services, payment service, consulting on the Internet and development of computer software and smartphone applications.
51GF Score

Get the complete analysis for NGO:2351

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

円307.00
Price
円375.75
GF Value