Medical Net (TSE:3645) Goodwill: 円400 Mil (As of Nov. 2025)


TSE:3645 Medical Net Inc TSE:3645
64 GF Score
Price 円239.00
GF Value 円577.14
Valuation Possible Value Trap
! 7 Warning Signs
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What is Medical Net Goodwill?

Medical Net TSE:3645 +1.70% 64 Goodwill is 円400 Mil as of Nov. 2025. GuruFocus rates TSE:3645 with a GF Score™ of 64/100 and a GF Value™ of 円577.14 (Possible Value Trap). The stock has 7 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. Medical Net's goodwill for the quarter that ended in Nov. 2025 was 円400 Mil.


Medical Net  (TSE:3645) 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.

Medical Net's Goodwill-to-Asset Ratio for the fiscal year that ended in May. 2025 is calculated as

Goodwill-to-Asset (A: May. 2025 )=Goodwill/Total Assets
=394.187/4080.462
=0.10

Medical Net's Goodwill-to-Asset Ratio for the quarter that ended in Nov. 2025 is calculated as

Goodwill-to-Asset (Q: Nov. 2025 )=Goodwill/Total Assets
=399.655/4560.017
=

* 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.


Medical Net Goodwill Related Terms


Medical Net Goodwill Historical Data

* Premium members only.

The historical data trend for Medical Net'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.

Medical Net Goodwill Chart

Medical Net Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Goodwill
Get a 7-Day Free Trial Premium Member Only Premium Member Only 188.41 457.30 293.64 429.86 394.19

Medical Net Quarterly Data
Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 Feb25 May25 Nov25 Feb26
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 431.15 403.49 394.19 399.66 396.03
TSE:3645
64GF Score
Medical Net Inc TSE:3645
Goodwill is just one metric. See GF Score™, valuation, warning signs, and more.
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Medical Net 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400 Mil mean?
Medical Net (TSE:3645) has a Goodwill of 円400 Mil as of Nov. 2025. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Medical Net and its competitors.
Is Medical Net's Goodwill too high?
Medical Net's current Goodwill is 円400 Mil. Overall, Medical Net 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 Medical Net's Goodwill compare to GOOGL and META?
Medical Net's Goodwill of 円400 Mil can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Goodwill depends on the Interactive Media 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 Medical Net and its competitors. Medical Net's current Goodwill is 円400 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medical Net stock overvalued right now?
Based on GuruFocus' analysis, Medical Net (TSE:3645) is currently considered Possible Value Trap. The stock's GF Value™ is 円577.14, compared to a current price of 円239.00 — trading 58.6% below its estimated fair value. The current Goodwill is 円400 Mil. Medical Net's overall GF Score™ is 64/100 with 7 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 Medical Net (TSE:3645), the current Goodwill is 円400 Mil as of Nov. 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 Medical Net (TSE:3645) Overvalued in 2026?

Based on GuruFocus' analysis, Medical Net stock appears to be undervalued. The current stock price of 円239.00 is trading 58.6% below its estimated GF Value™ of 円577.14. GuruFocus considers Medical Net to be Possible Value Trap.

Key valuation signals for TSE:3645:

  • Goodwill: 円400 Mil
  • GF Value™: 円577.14 vs. price of 円239.00 (58.6% below fair value)
  • GF Score™: 64/100 with 7 warning signs

No single metric tells the full story. See the TSE:3645 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Medical Net Business Description

Address 1-34-14 Hatagaya, 3rd Floor, Takara Building, Shibuya-ku, Tokyo, JPN, 151-0072
Medical Net Inc operates as a service-based holding company engaged in various healthcare-related businesses. It manages four main reporting segments: Media Platform, Medical Institution Management Support, Medical BtoB, and Cloud Integration. The Media Platform segment runs specialized portal websites focused on dentistry, beauty, and health. The Medical Institution Management Support segment offers SEO and listing advertisement services, website production and maintenance, and sales and operational support to dental clinics. The Medical BtoB segment manages member-based dental industry portals and provides research and marketing services. The Cloud Integration segment develops and maintains POS systems for retailers, manufacturers, and hospitals, primarily in Thailand.
64GF Score

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

円239.00
Price
円577.14
GF Value