Fujishoji Co (TSE:6257) Net-Net Working Capital: 円775.52 (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:6257 Fujishoji Co Ltd TSE:6257
58 GF Score
Price 円1,018.00
GF Value 円725.33
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Fujishoji Co Net-Net Working Capital?

Fujishoji Co TSE:6257 -0.49% 58 Net-Net Working Capital is 円775.52 as of Mar. 2026. GuruFocus rates TSE:6257 with a GF Score™ of 58/100 and a GF Value™ of 円725.33 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 205 Travel & Leisure companies, Fujishoji Co ranks better than 88.29% 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.

Fujishoji Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円775.52.

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

TSE:6257's Price-to-Net-Net-Working-Capital is ranked better than
88.29% of 205 companies
in the Travel & Leisure industry
Industry Median: 6.14 vs TSE:6257: 1.34

Fujishoji Co  (TSE:6257) 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.


Fujishoji Co Net-Net Working Capital Related Terms


Fujishoji Co Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Fujishoji 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.

Fujishoji Co Net-Net Working Capital Chart

Fujishoji 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 707.02 776.61 826.00 928.28 775.52

Fujishoji Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 778.58 711.39 729.56 775.52 757.50

TSE:6257 vs FLUT, DKNG, SGHC: Net-Net Working Capital Comparison

For the Gambling subindustry, Fujishoji 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.


Fujishoji Co Price-to-Net-Net-Working-Capital vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Fujishoji Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


TSE:6257
58GF Score
Fujishoji Co Ltd TSE:6257
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fujishoji Co Net-Net Working Capital Calculation

Fujishoji 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)
=(16214+0.75 * 1381+0.5 * 7472-4758
-0-0)/20.925
=775.52

Fujishoji 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)
=(16214+0.75 * 1381+0.5 * 7472-4758
-0-0)/20.925
=775.52

* 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775.52 mean?
Fujishoji Co (TSE:6257) has a Net-Net Working Capital of 円775.52 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 Fujishoji Co According to the industry distribution chart, Fujishoji Co ranks #24 out of 205 companies in the Travel & Leisure industry, placing it in the top 11.7%.
Is Fujishoji Co's Net-Net Working Capital too high?
Fujishoji Co's current Net-Net Working Capital is 円775.52. Based on the distribution chart, Fujishoji Co ranks #24 out of 205 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Fujishoji Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fujishoji Co's Net-Net Working Capital compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Fujishoji Co ranks #24 out of 205 companies for Net-Net Working Capital. This places Fujishoji Co in the top 12% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.14. 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 Travel & Leisure company?
The median Net-Net Working Capital among Travel & Leisure companies is 6.14, based on 205 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 Fujishoji Co For the Travel & Leisure industry, the median Net-Net Working Capital is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujishoji Co's current Net-Net Working Capital is 円775.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujishoji Co stock overvalued right now?
Based on GuruFocus' analysis, Fujishoji Co (TSE:6257) is currently considered Significantly Overvalued. The stock's GF Value™ is 円725.33, compared to a current price of 円1,018.00 — trading 40.3% above its estimated fair value. The current Net-Net Working Capital is 円775.52. Fujishoji Co's overall GF Score™ is 58/100 with 4 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 Fujishoji Co (TSE:6257), the current Net-Net Working Capital is 円775.52 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 Fujishoji Co (TSE:6257) Overvalued in 2026?

Based on GuruFocus' analysis, Fujishoji Co stock appears to be overvalued. The current stock price of 円1,018.00 is trading 40.3% above its estimated GF Value™ of 円725.33. GuruFocus considers Fujishoji Co to be Significantly Overvalued.

Key valuation signals for TSE:6257:

  • Net-Net Working Capital: 円775.52
  • GF Value™: 円725.33 vs. price of 円1,018.00 (40.3% above fair value)
  • GF Score™: 58/100 with 4 warning signs

No single metric tells the full story. See the TSE:6257 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fujishoji Co Business Description

Address 1-1-4 Honmachi, Chuo-ku, Osaka, JPN, 540-0026
Fujishoji Co Ltd is engaged in the development, manufacturing and sale of Japanese-style pinball machines and slot machines in Japan. Its machines are primarily sold to sales agencies and pachinko parlors. The company is also engaged in planning, development, sales and distribution of digital contents. The Group consists of a single segment, the pachinko and pachislot machine business.
58GF Score

Get the complete analysis for TSE:6257

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

円1,018.00
Price
円725.33
GF Value