Kyowanissei Co (TSE:1981) Scaled Net Operating Assets: 0.44 (As of Mar. 2026)


TSE:1981 Kyowanissei Co Ltd TSE:1981
62 GF Score
Price 円1,310.00
GF Value 円1,645.78
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Kyowanissei Co Scaled Net Operating Assets?

Kyowanissei Co TSE:1981 +0.08% 62 Scaled Net Operating Assets is 0.44 as of Mar. 2026. GuruFocus rates TSE:1981 with a GF Score™ of 62/100 and a GF Value™ of 円1,645.78 (Modestly Undervalued). The stock has 2 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.

Kyowanissei Co's operating assets for the quarter that ended in Mar. 2026 was 円22,211 Mil. Kyowanissei Co's operating liabilities for the quarter that ended in Mar. 2026 was 円9,885 Mil. Kyowanissei Co's Total Assets for the quarter that ended in Sep. 2025 was 円27,797 Mil. Therefore, Kyowanissei Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.44.


Kyowanissei Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Kyowanissei 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.

Kyowanissei Co Scaled Net Operating Assets Chart

Kyowanissei 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 0.37 0.38 0.41 0.42 0.44

Kyowanissei 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 0.41 0.40 0.44 0.45 0.44

TSE:1981 vs TT, JCI, CARR: Scaled Net Operating Assets Comparison

For the Building Products & Equipment subindustry, Kyowanissei 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.


Kyowanissei Co Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, Kyowanissei Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:1981
62GF Score
Kyowanissei Co Ltd TSE:1981
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Kyowanissei 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.

Kyowanissei 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 )
=(22210.908-9885.236)/28357.669
=0.43

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=29691.852 - 7480.944
=22210.908

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9911.919 - 13.448 - 13.235
=9885.236

Kyowanissei 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 )
=(22210.908-9885.236)/27797.124
=0.44

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=29691.852 - 7480.944
=22210.908

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9911.919 - 13.448 - 13.235
=9885.236

* 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?
Kyowanissei Co (TSE:1981) 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 Kyowanissei Co and its competitors.
Is Kyowanissei Co's Scaled Net Operating Assets too high?
Kyowanissei Co's current Scaled Net Operating Assets is 0.44. Overall, Kyowanissei Co has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kyowanissei Co's Scaled Net Operating Assets compare to TT and JCI?
Kyowanissei Co's Scaled Net Operating Assets of 0.44 can be compared against companies in the Construction 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 Construction company?
A good Scaled Net Operating Assets depends on the Construction 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 Kyowanissei Co and its competitors. Kyowanissei 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 Kyowanissei Co stock overvalued right now?
Based on GuruFocus' analysis, Kyowanissei Co (TSE:1981) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,645.78, compared to a current price of 円1,310.00 — trading 20.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.44. Kyowanissei Co's overall GF Score™ is 62/100 with 2 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 Kyowanissei Co (TSE:1981), 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 Kyowanissei Co (TSE:1981) Overvalued in 2026?

Based on GuruFocus' analysis, Kyowanissei Co stock appears to be undervalued. The current stock price of 円1,310.00 is trading 20.4% below its estimated GF Value™ of 円1,645.78. GuruFocus considers Kyowanissei Co to be Modestly Undervalued.

Key valuation signals for TSE:1981:

  • Scaled Net Operating Assets: 0.44
  • GF Value™: 円1,645.78 vs. price of 円1,310.00 (20.4% below fair value)
  • GF Score™: 62/100 with 2 warning signs

No single metric tells the full story. See the TSE:1981 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kyowanissei Co Business Description

Address 3-8-5, Irifune Chuo-Ku, Tokyo, JPN, 104-0042
Kyowanissei Co Ltd is engaged in the construction business in Japan. It constructs gas facilities & apartment buildings & plant facilities It also provides maintenance, repair & installation services for sanitary equipment & air conditioning equipment. Its gasworks includes interior and underground piping work; construction and facility work include construction work, water supply, and drainage work, the air-conditioning system work and interior finishing work; electrical facility and civil engineering work include underground burial of electric cables work, engineering work, as well as water and sewerage work. Its segments include: Construction facilities business; Gas equipment business; Gas pipeline business; and Electrical installation/civil engineering business.
62GF Score

Get the complete analysis for TSE:1981

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

円1,310.00
Price
円1,645.78
GF Value