KOKUSAI Co (TSE:7722) Net-Net Working Capital: 円330.35 (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.

TSE:7722 KOKUSAI Co Ltd TSE:7722
78 GF Score
Price 円789.00
GF Value 円790.50
Valuation Fairly Valued
View Full Analysis

What is KOKUSAI Co Net-Net Working Capital?

KOKUSAI Co TSE:7722 +0.13% 78 Net-Net Working Capital is 円330.35 as of Mar. 2026. GuruFocus rates TSE:7722 with a GF Score™ of 78/100 and a GF Value™ of 円790.50 (Fairly Valued). Among 1,320 Industrial Products companies, KOKUSAI Co ranks better than 84.24% 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.

KOKUSAI Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円330.35.

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

TSE:7722's Price-to-Net-Net-Working-Capital is ranked better than
84.24% of 1320 companies
in the Industrial Products industry
Industry Median: 8.355 vs TSE:7722: 2.70

KOKUSAI Co  (TSE:7722) 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.


KOKUSAI Co Net-Net Working Capital Related Terms


KOKUSAI Co Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for KOKUSAI 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.

KOKUSAI Co Net-Net Working Capital Chart

KOKUSAI 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 231.61 202.06 214.80 184.94 330.35

KOKUSAI 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 229.41 246.37 265.27 330.35 292.06

TSE:7722 vs GEV, ETN, PH: Net-Net Working Capital Comparison

For the Specialty Industrial Machinery subindustry, KOKUSAI 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.


KOKUSAI Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, KOKUSAI Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


TSE:7722
78GF Score
KOKUSAI Co Ltd TSE:7722
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KOKUSAI Co Net-Net Working Capital Calculation

KOKUSAI 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)
=(8537.39+0.75 * 2931.047+0.5 * 4048.353-7839.186
-0-469.485)/13.474
=330.35

KOKUSAI 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)
=(8537.39+0.75 * 2931.047+0.5 * 4048.353-7839.186
-0-469.485)/13.474
=330.35

* 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 円330.35 mean?
KOKUSAI Co (TSE:7722) has a Net-Net Working Capital of 円330.35 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 KOKUSAI Co According to the industry distribution chart, KOKUSAI Co ranks #208 out of 1320 companies in the Industrial Products industry, placing it in the top 15.8%.
Is KOKUSAI Co's Net-Net Working Capital too high?
KOKUSAI Co's current Net-Net Working Capital is 円330.35. Based on the distribution chart, KOKUSAI Co ranks #208 out of 1320 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, KOKUSAI Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KOKUSAI Co's Net-Net Working Capital compare to GEV and ETN?
According to the Industrial Products industry distribution chart, KOKUSAI Co ranks #208 out of 1320 companies for Net-Net Working Capital. This places KOKUSAI Co in the top 16% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.36. 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 an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.36, based on 1,320 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 KOKUSAI Co For the Industrial Products industry, the median Net-Net Working Capital is 8.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KOKUSAI Co's current Net-Net Working Capital is 円330.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KOKUSAI Co stock overvalued right now?
Based on GuruFocus' analysis, KOKUSAI Co (TSE:7722) is currently considered Fairly Valued. The stock's GF Value™ is 円790.50, compared to a current price of 円789.00 — trading 0.2% below its estimated fair value. The current Net-Net Working Capital is 円330.35. KOKUSAI Co's overall GF Score™ is 78/100. 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 KOKUSAI Co (TSE:7722), the current Net-Net Working Capital is 円330.35 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 KOKUSAI Co (TSE:7722) Overvalued in 2026?

Based on GuruFocus' analysis, KOKUSAI Co stock appears to be undervalued. The current stock price of 円789.00 is trading 0.2% below its estimated GF Value™ of 円790.50. GuruFocus considers KOKUSAI Co to be Fairly Valued.

Key valuation signals for TSE:7722:

  • Net-Net Working Capital: 円330.35
  • GF Value™: 円790.50 vs. price of 円789.00 (0.2% below fair value)
  • GF Score™: 78/100

No single metric tells the full story. See the TSE:7722 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KOKUSAI Co Business Description

Address No. 1, No. 21 6-chome Nagayama Tama-ku, Tokyo, JPN, 206-0025
KOKUSAI Co Ltd is a professional manufacturer of test measurement equipment with vibration measurement technology as base technology. The company serves the automobile industry. The product line includes - Dynamic balancing machine, Tire balancer for production line, Balanced compound testing machine, Tire drum type endurance testing machine, Runout measuring machine, Tire balance weight applier, Winding Tester, Gear Tester, Earthquake measurement system, Electric servo motor type vibration test machine, and Dynamic vibration type vibration test machine.
78GF Score

Get the complete analysis for TSE:7722

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

円789.00
Price
円790.50
GF Value