IKK Holdings (TSE:2198) Scaled Net Operating Assets: 0.46 (As of Apr. 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:2198 IKK Holdings Inc TSE:2198
88 GF Score
Price 円747.00
GF Value 円775.76
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is IKK Holdings Scaled Net Operating Assets?

IKK Holdings TSE:2198 +1.22% 88 Scaled Net Operating Assets is 0.46 as of Apr. 2026. GuruFocus rates TSE:2198 with a GF Score™ of 88/100 and a GF Value™ of 円775.76 (Fairly Valued). The stock has 3 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.

IKK Holdings's operating assets for the quarter that ended in Apr. 2026 was 円15,483 Mil. IKK Holdings's operating liabilities for the quarter that ended in Apr. 2026 was 円6,010 Mil. IKK Holdings's Total Assets for the quarter that ended in Oct. 2025 was 円20,802 Mil. Therefore, IKK Holdings's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.46.


IKK Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for IKK 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.

IKK Holdings Scaled Net Operating Assets Chart

IKK Holdings Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.46 0.47 0.37 0.44

IKK Holdings Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 0.39 0.45 0.49 0.46

TSE:2198 vs ROL, SCI, FTDR: Scaled Net Operating Assets Comparison

For the Personal Services subindustry, IKK 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.


IKK Holdings Scaled Net Operating Assets vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, IKK Holdings's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:2198
88GF Score
IKK Holdings Inc TSE:2198
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IKK 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.

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

Scaled Net Operating Assets (SNOA)(A: Oct. 2025 )
=(Operating Assets (A: Oct. 2025 )-Operating Liabilities (A: Oct. 2025 ))/Total Assets (A: Oct. 2024 )
=(15307.988-6204.212)/20698.924
=0.44

where

Operating Assets(A: Oct. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=20802.007 - 5494.019
=15307.988

Operating Liabilities(A: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8599.01 - 1577.471 - 817.327
=6204.212

IKK Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Oct. 2025 )
=(15482.506-6010.097)/20802.007
=0.46

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=20269.888 - 4787.382
=15482.506

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8191.73 - 1485.638 - 695.995
=6010.097

* 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 0.46 mean?
IKK Holdings (TSE:2198) has a Scaled Net Operating Assets of 0.46 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on IKK Holdings and its competitors.
Is IKK Holdings' Scaled Net Operating Assets too high?
IKK Holdings' current Scaled Net Operating Assets is 0.46. Overall, IKK Holdings has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IKK Holdings' Scaled Net Operating Assets compare to ROL and SCI?
IKK Holdings' Scaled Net Operating Assets of 0.46 can be compared against companies in the Personal Services 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 Personal Services company?
A good Scaled Net Operating Assets depends on the Personal Services 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 IKK Holdings and its competitors. IKK Holdings's current Scaled Net Operating Assets is 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IKK Holdings stock overvalued right now?
Based on GuruFocus' analysis, IKK Holdings (TSE:2198) is currently considered Fairly Valued. The stock's GF Value™ is 円775.76, compared to a current price of 円747.00 — trading 3.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.46. IKK Holdings' overall GF Score™ is 88/100 with 3 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 IKK Holdings (TSE:2198), the current Scaled Net Operating Assets is 0.46 as of Apr. 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 IKK Holdings (TSE:2198) Overvalued in 2026?

Based on GuruFocus' analysis, IKK Holdings stock appears to be undervalued. The current stock price of 円747.00 is trading 3.7% below its estimated GF Value™ of 円775.76. GuruFocus considers IKK Holdings to be Fairly Valued.

Key valuation signals for TSE:2198:

  • Scaled Net Operating Assets: 0.46
  • GF Value™: 円775.76 vs. price of 円747.00 (3.7% below fair value)
  • GF Score™: 88/100 with 3 warning signs

No single metric tells the full story. See the TSE:2198 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IKK Holdings Business Description

Address 3-6-5 Katamine Kasuyagun Shimemachi, Fukuoka, JPN, 811-2245
IKK Holdings Inc is engaged wedding planning business. The company plans and manages wedding ceremonies and wedding receptions. Company also has the other segments such as Nursing care business, food business and Photo business.
88GF Score

Get the complete analysis for TSE:2198

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

円747.00
Price
円775.76
GF Value