FJIOF (Fujicco Co) Net-Net Working Capital: $3.35 (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.

FJIOF Fujicco Co Ltd FJIOF
69 GF Score
Price $12.61
GF Value $13.59
! 5 Warning Signs
View Full Analysis

What is Fujicco Co Net-Net Working Capital?

Fujicco Co FJIOF 69 Net-Net Working Capital is $3.35 as of Mar. 2026. GuruFocus rates FJIOF with a GF Score™ of 69/100 and a GF Value™ of $13.59. The stock has 5 warning signs investors should review. Among 663 Consumer Packaged Goods companies, Fujicco Co ranks better than 76.92% on this metric.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Fujicco Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $3.35.

The industry rank for Fujicco Co's Net-Net Working Capital or its related term are showing as below:

FJIOF's Price-to-Net-Net-Working-Capital is ranked better than
76.92% of 663 companies
in the Consumer Packaged Goods industry
Industry Median: 6.53 vs FJIOF: 2.94

Fujicco Co  (OTCPK:FJIOF) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Fujicco Co Net-Net Working Capital Related Terms


Fujicco Co Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Fujicco Co's Net-Net Working Capital 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.

Fujicco Co Net-Net Working Capital Chart

Fujicco Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.02 3.94 3.21 3.42 3.35

Fujicco Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net-Net Working Capital 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 3.42 3.43 3.58 3.24 3.35

FJIOF vs KHC, GIS: Net-Net Working Capital Comparison

For the Packaged Foods subindustry, Fujicco Co's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.


Fujicco Co Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fujicco Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Fujicco Co's Price-to-Net-Net-Working-Capital falls into.


FJIOF
69GF Score
Fujicco Co Ltd FJIOF
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fujicco Co Net-Net Working Capital Calculation

Fujicco Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2026 is calculated as

Net-Net Working Capital(A: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(64.588+0.75 * 64.109+0.5 * 97.282-65.565
-0-0.41)/28.473
=3.35

Fujicco Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(64.588+0.75 * 64.109+0.5 * 97.282-65.565
-0-0.41)/28.473
=3.35

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

What does a Net-Net Working Capital of $3.35 mean?
Fujicco Co (FJIOF) has a Net-Net Working Capital of $3.35 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Fujicco Co According to the industry distribution chart, Fujicco Co ranks #153 out of 663 companies in the Consumer Packaged Goods industry, placing it in the top 23.1%.
Is Fujicco Co's Net-Net Working Capital too high?
Fujicco Co's current Net-Net Working Capital is $3.35. The Consumer Packaged Goods industry median Net-Net Working Capital is 6.53. Fujicco Co's value of $3.35 is 48.7% below this industry median. Based on the distribution chart, Fujicco Co ranks #153 out of 663 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Fujicco Co has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Fujicco Co's Net-Net Working Capital compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Fujicco Co ranks #153 out of 663 companies for Net-Net Working Capital. This places Fujicco Co in the top 23% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.53. Fujicco Co's value of $3.35 is 48.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Consumer Packaged Goods company?
The median Net-Net Working Capital among Consumer Packaged Goods companies is 6.53, based on 663 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fujicco Co's current Net-Net Working Capital of $3.35 is 48.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Fujicco Co For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujicco Co's current Net-Net Working Capital is $3.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujicco Co stock overvalued right now?
Fujicco Co (FJIOF) has a current Net-Net Working Capital of $3.35. The stock's GF Value™ is $13.59, compared to a current price of $12.61 — trading 7.2% below its estimated fair value. The current Net-Net Working Capital is $3.35 and 48.7% below the Consumer Packaged Goods industry median of 6.53. Fujicco Co's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Fujicco Co (FJIOF), the current Net-Net Working Capital is $3.35 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 Fujicco Co (FJIOF) Overvalued in 2026?

Based on GuruFocus' analysis, Fujicco Co stock appears to be undervalued. The current stock price of $12.61 is trading 7.2% below its estimated GF Value™ of $13.59.

Key valuation signals for FJIOF:

  • Net-Net Working Capital: $3.35
  • GF Value™: $13.59 vs. price of $12.61 (7.2% below fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 48.7% below the Consumer Packaged Goods median (#153 of 663)

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


Fujicco Co Business Description

Other Exchanges 2908:Japan
Address 4 13 6-chome, Chuo-ku, Minatojimanaka town, Kobe, JPN, 650-8558
Fujicco Co Ltd is in the business of manufacturing and selling food. Its business is divided into Prepared foods, Kombu products, Bean Products, Yogurt, Desserts, Health foods, Health food material, and Liquor. The firm's products include Fujicconi, Fujicco, Juntoro, Dashi kombu and Kombumaki etc. The company derives a majority of its revenue from Prepared products division.
69GF Score

Get the complete analysis for FJIOF

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

$12.61
Price
$13.59
GF Value