Nichiryo Baking Co (SSE:2218) Scaled Net Operating Assets: 0.44 (As of Mar. 2026)


SSE:2218 Nichiryo Baking Co Ltd SSE:2218
58 GF Score
Price 円2,163.00
GF Value 円2,346.57
Valuation Fairly Valued
! 4 Warning Signs
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What is Nichiryo Baking Co Scaled Net Operating Assets?

Nichiryo Baking Co SSE:2218 -0.09% 58 Scaled Net Operating Assets is 0.44 as of Mar. 2026. GuruFocus rates SSE:2218 with a GF Score™ of 58/100 and a GF Value™ of 円2,346.57 (Fairly Valued). The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nichiryo Baking Co's operating assets for the quarter that ended in Mar. 2026 was 円12,735 Mil. Nichiryo Baking Co's operating liabilities for the quarter that ended in Mar. 2026 was 円6,272 Mil. Nichiryo Baking Co's Total Assets for the quarter that ended in Sep. 2025 was 円14,552 Mil. Therefore, Nichiryo Baking Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.44.


Nichiryo Baking Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Nichiryo Baking Co's Scaled Net Operating Assets 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.

Nichiryo Baking Co Scaled Net Operating Assets Chart

Nichiryo Baking Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.40 0.44 0.43 0.46

Nichiryo Baking Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Scaled Net Operating Assets 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 0.44 0.41 0.43 0.45 0.44

SSE:2218 vs KHC, GIS: Scaled Net Operating Assets Comparison

For the Packaged Foods subindustry, Nichiryo Baking Co's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


Nichiryo Baking Co Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nichiryo Baking Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Nichiryo Baking Co's Scaled Net Operating Assets falls into.


SSE:2218
58GF Score
Nichiryo Baking Co Ltd SSE:2218
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nichiryo Baking Co Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nichiryo Baking Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(12735.259-6272.391)/14023.348
=0.46

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=14421.984 - 1686.725
=12735.259

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8892.891 - 1360.5 - 1260
=6272.391

Nichiryo Baking Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(12735.259-6272.391)/14552.087
=0.44

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=14421.984 - 1686.725
=12735.259

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8892.891 - 1360.5 - 1260
=6272.391

* 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.

What does a Scaled Net Operating Assets of 0.44 mean?
Nichiryo Baking Co (SSE:2218) has a Scaled Net Operating Assets of 0.44 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nichiryo Baking Co and its competitors.
Is Nichiryo Baking Co's Scaled Net Operating Assets too high?
Nichiryo Baking Co's current Scaled Net Operating Assets is 0.44. Overall, Nichiryo Baking Co has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nichiryo Baking Co's Scaled Net Operating Assets compare to KHC and GIS?
Nichiryo Baking Co's Scaled Net Operating Assets of 0.44 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nichiryo Baking Co and its competitors. Nichiryo Baking Co's current Scaled Net Operating Assets is 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichiryo Baking Co stock overvalued right now?
Based on GuruFocus' analysis, Nichiryo Baking Co (SSE:2218) is currently considered Fairly Valued. The stock's GF Value™ is 円2,346.57, compared to a current price of 円2,163.00 — trading 7.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.44. Nichiryo Baking 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Nichiryo Baking Co (SSE:2218), the current Scaled Net Operating Assets is 0.44 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 Nichiryo Baking Co (SSE:2218) Overvalued in 2026?

Based on GuruFocus' analysis, Nichiryo Baking Co stock appears to be undervalued. The current stock price of 円2,163.00 is trading 7.8% below its estimated GF Value™ of 円2,346.57. GuruFocus considers Nichiryo Baking Co to be Fairly Valued.

Key valuation signals for SSE:2218:

  • Scaled Net Operating Assets: 0.44
  • GF Value™: 円2,346.57 vs. price of 円2,163.00 (7.8% below fair value)
  • GF Score™: 58/100 with 4 warning signs

No single metric tells the full story. See the SSE:2218 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nichiryo Baking Co Business Description

Address Toyohira-ku Tsukisa Higashi, Sapporo, JPN, 1118-551
Nichiryo Baking Co Ltd engages in the manufacturing and sale of food products in Japan. The company's products include bread, bakery, pastry, candy products, plain bread, meal bread, sweet bread, Japanese confectionery, northern country bakery, boiled rice, cooked bread. It also sales seasonal items.
58GF Score

Get the complete analysis for SSE:2218

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

円2,163.00
Price
円2,346.57
GF Value