Trial Holdings (TSE:141A) Scaled Net Operating Assets: 0.54 (As of Dec. 2025)


TSE:141A Trial Holdings Inc TSE:141A
9 GF Score
Price 円3,040.00
! 5 Warning Signs
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What is Trial Holdings Scaled Net Operating Assets?

Trial Holdings TSE:141A -1.94% 9 Scaled Net Operating Assets is 0.54 as of Dec. 2025. GuruFocus rates TSE:141A with a GF Score™ of 9/100. The stock has 5 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.

Trial Holdings's operating assets for the quarter that ended in Dec. 2025 was 円734,063 Mil. Trial Holdings's operating liabilities for the quarter that ended in Dec. 2025 was 円329,767 Mil. Trial Holdings's Total Assets for the quarter that ended in Sep. 2025 was 円752,494 Mil. Therefore, Trial Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.54.


Trial Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Trial Holdings'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.

Trial Holdings Scaled Net Operating Assets Chart

Trial Holdings Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
0.34 0.33 0.34 0.21 0.34

Trial Holdings Quarterly Data
Jun21 Jun22 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.29 0.35 1.62 0.54 0.55

TSE:141A vs WMT, COST, TGT: Scaled Net Operating Assets Comparison

For the Discount Stores subindustry, Trial Holdings'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.


Trial Holdings Scaled Net Operating Assets vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Trial Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Trial Holdings's Scaled Net Operating Assets falls into.


TSE:141A
9GF Score
Trial Holdings Inc TSE:141A
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Trial Holdings 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.

Trial Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(227958-132699)/283627
=0.34

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=300283 - 72325
=227958

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=171257 - 9031 - 29527
=132699

Trial Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Sep. 2025 )
=(734063-329767)/752494
=0.54

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=850466 - 116403
=734063

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=718746 - 18747 - 370232
=329767

* 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 0.54 mean?
Trial Holdings (TSE:141A) has a Scaled Net Operating Assets of 0.54 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Trial Holdings and its competitors.
Is Trial Holdings' Scaled Net Operating Assets too high?
Trial Holdings' current Scaled Net Operating Assets is 0.54. Overall, Trial Holdings has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Trial Holdings' Scaled Net Operating Assets compare to WMT and COST?
Trial Holdings' Scaled Net Operating Assets of 0.54 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Scaled Net Operating Assets depends on the Retail - Defensive 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 Trial Holdings and its competitors. Trial Holdings's current Scaled Net Operating Assets is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trial Holdings stock overvalued right now?
Trial Holdings (TSE:141A) has a current Scaled Net Operating Assets of 0.54. The current Scaled Net Operating Assets is 0.54. Trial Holdings' overall GF Score™ is 9/100 with 5 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 Trial Holdings (TSE:141A), the current Scaled Net Operating Assets is 0.54 as of Dec. 2025. 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.

Trial Holdings Business Description

Address 1-12-2 Tanotsu, Higashi-ku, Fukuoka Prefecture, Fukuoka, JPN, 813-0034
Trial Holdings Inc is a holding company. Along with its subsidiaries, it operates in the following reportable segments: Retail Distribution Business and Retail AI Business. The majority of its revenue is generated from the Retail Distribution Business, which operates discount stores across Japan, ranging from small to large, along with medium-sized supercenters. The product lineup of the stores focuses on food (especially fresh foods), and non-food items include daily necessities and hard goods. The Retail AI Business segment is mainly involved in research and development aimed at transforming stores into smart stores, as well as the sale of products and the outsourcing of services related to smart stores. In addition, the group is involved in real estate and resort-related businesses.
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