Inbound Platform (TSE:5587) Net-Net Working Capital: 円-1.38 (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:5587 Inbound Platform Corp TSE:5587
52 GF Score
Price 円815.00
GF Value 円1,531.66
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Inbound Platform Net-Net Working Capital?

Inbound Platform TSE:5587 -3.55% 52 Net-Net Working Capital is 円-1.38 as of Mar. 2026. GuruFocus rates TSE:5587 with a GF Score™ of 52/100 and a GF Value™ of 円1,531.66 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 438 Business Services companies, Inbound Platform ranks worse than 92.01% 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.

Inbound Platform's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円-1.38.

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

TSE:5587's Price-to-Net-Net-Working-Capital is ranked worse than
92.01% of 438 companies
in the Business Services industry
Industry Median: 5.665 vs TSE:5587: 42.05

Inbound Platform  (TSE:5587) 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.


Inbound Platform Net-Net Working Capital Related Terms


Inbound Platform Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Inbound Platform'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.

Inbound Platform Net-Net Working Capital Chart

Inbound Platform Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Net-Net Working Capital
-14.76 -3.54 138.95 -7.10 -29.82

Inbound Platform Quarterly Data
Sep21 Sep22 Mar23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -18.00 -29.82 -11.22 -1.38 19.38

TSE:5587 vs CTAS, CPRT, GPN: Net-Net Working Capital Comparison

For the Specialty Business Services subindustry, Inbound Platform'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.


Inbound Platform Price-to-Net-Net-Working-Capital vs Business Services Industry

For the Business Services industry and Industrials sector, Inbound Platform's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


TSE:5587
52GF Score
Inbound Platform Corp TSE:5587
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Inbound Platform Net-Net Working Capital Calculation

Inbound Platform's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2025 is calculated as

Net-Net Working Capital(A: Sep. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(920.874+0.75 * 296.53+0.5 * 80.079-1281.909
-0-4.277)/3.450
=-29.82

Inbound Platform'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)
=(1713.706+0.75 * 421.273+0.5 * 64.555-2065.361
-0-1.337)/3.450
=-1.38

* 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 円-1.38 mean?
Inbound Platform (TSE:5587) has a Net-Net Working Capital of 円-1.38 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 Inbound Platform According to the industry distribution chart, Inbound Platform ranks #403 out of 438 companies in the Business Services industry, placing it in the top 92%.
Is Inbound Platform's Net-Net Working Capital too high?
Inbound Platform's current Net-Net Working Capital is 円-1.38. Based on the distribution chart, Inbound Platform ranks #403 out of 438 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Inbound Platform has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Inbound Platform's Net-Net Working Capital compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Inbound Platform ranks #403 out of 438 companies for Net-Net Working Capital. This places Inbound Platform in the lower half of its industry. The industry median Net-Net Working Capital is 5.67. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.67, based on 438 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. 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 Inbound Platform For the Business Services industry, the median Net-Net Working Capital is 5.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inbound Platform's current Net-Net Working Capital is 円-1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inbound Platform stock overvalued right now?
Based on GuruFocus' analysis, Inbound Platform (TSE:5587) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,531.66, compared to a current price of 円815.00 — trading 46.8% below its estimated fair value. The current Net-Net Working Capital is 円-1.38. Inbound Platform's overall GF Score™ is 52/100 with 2 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 Inbound Platform (TSE:5587), the current Net-Net Working Capital is 円-1.38 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 Inbound Platform (TSE:5587) Overvalued in 2026?

Based on GuruFocus' analysis, Inbound Platform stock appears to be undervalued. The current stock price of 円815.00 is trading 46.8% below its estimated GF Value™ of 円1,531.66. GuruFocus considers Inbound Platform to be Significantly Undervalued.

Key valuation signals for TSE:5587:

  • Net-Net Working Capital: 円-1.38
  • GF Value™: 円1,531.66 vs. price of 円815.00 (46.8% below fair value)
  • GF Score™: 52/100 with 2 warning signs

No single metric tells the full story. See the TSE:5587 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Inbound Platform Business Description

Address 6-14-5 Shimbashi, 4th floor, SW Shimbashi Building, Minato-ku, Tokyo, JPN, 105-0004
Inbound Platform Corp is engaged in providing Pocket Wi-Fi, RV rental, foreign currency exchange services, and online travel information so foreign visitors can enjoy Japan even more. Its business operations cater to foreign visitors in Japan.
52GF Score

Get the complete analysis for TSE:5587

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

円815.00
Price
円1,531.66
GF Value