Ichikawa Co (TSE:3513) Scaled Net Operating Assets: 0.60 (As of Mar. 2026)


TSE:3513 Ichikawa Co Ltd TSE:3513
49 GF Score
Price 円3,600.00
GF Value 円1,959.24
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Ichikawa Co Scaled Net Operating Assets?

Ichikawa Co TSE:3513 +3.30% 49 Scaled Net Operating Assets is 0.60 as of Mar. 2026. GuruFocus rates TSE:3513 with a GF Score™ of 49/100 and a GF Value™ of 円1,959.24 (Significantly Overvalued). The stock has 1 warning sign investors should review.

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

Ichikawa Co's operating assets for the quarter that ended in Mar. 2026 was 円25,916 Mil. Ichikawa Co's operating liabilities for the quarter that ended in Mar. 2026 was 円7,127 Mil. Ichikawa Co's Total Assets for the quarter that ended in Dec. 2025 was 円31,214 Mil. Therefore, Ichikawa Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.60.


Ichikawa Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ichikawa 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.

Ichikawa Co Scaled Net Operating Assets Chart

Ichikawa 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 0.61 0.57 0.58 0.57 0.64

Ichikawa Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.56 0.58 0.61 0.60 0.60

Ichikawa Co Scaled Net Operating Assets Competitor Comparison

For the Paper & Paper Products subindustry, Ichikawa 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.


Ichikawa Co Scaled Net Operating Assets vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Ichikawa Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:3513
49GF Score
Ichikawa Co Ltd TSE:3513
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ichikawa 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.

Ichikawa 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 )
=(25916-7127)/29466
=0.64

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=32078 - 6162
=25916

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8009 - 97 - 785
=7127

Ichikawa 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: Dec. 2025 )
=(25916-7127)/31214
=0.60

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=32078 - 6162
=25916

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8009 - 97 - 785
=7127

* 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 0.60 mean?
Ichikawa Co (TSE:3513) has a Scaled Net Operating Assets of 0.60 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 Ichikawa Co and its competitors.
Is Ichikawa Co's Scaled Net Operating Assets too high?
Ichikawa Co's current Scaled Net Operating Assets is 0.60. Overall, Ichikawa Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ichikawa Co's Scaled Net Operating Assets compare to competitors?
Ichikawa Co's Scaled Net Operating Assets of 0.60 can be compared against companies in the Forest Products 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 Forest Products company?
A good Scaled Net Operating Assets depends on the Forest Products 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 Ichikawa Co and its competitors. Ichikawa Co's current Scaled Net Operating Assets is 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichikawa Co stock overvalued right now?
Based on GuruFocus' analysis, Ichikawa Co (TSE:3513) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,959.24, compared to a current price of 円3,600.00 — trading 83.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.60. Ichikawa Co's overall GF Score™ is 49/100 with 1 warning sign 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 Ichikawa Co (TSE:3513), the current Scaled Net Operating Assets is 0.60 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 Ichikawa Co (TSE:3513) Overvalued in 2026?

Based on GuruFocus' analysis, Ichikawa Co stock appears to be overvalued. The current stock price of 円3,600.00 is trading 83.7% above its estimated GF Value™ of 円1,959.24. GuruFocus considers Ichikawa Co to be Significantly Overvalued.

Key valuation signals for TSE:3513:

  • Scaled Net Operating Assets: 0.60
  • GF Value™: 円1,959.24 vs. price of 円3,600.00 (83.7% above fair value)
  • GF Score™: 49/100 with 1 warning sign

No single metric tells the full story. See the TSE:3513 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ichikawa Co Business Description

Address 2-14-15 Hongo, Bunkyo-ku, Hongo 2, Tokyo, JPN, 113-8442
Ichikawa Co Ltd is engaged in the manufacture and distribution of papermaking felts, papermaking belts, felts for slate and industrial felts in Japan. It offers papermaking press felts and belts, and shoe press and transfer belts; industrial products, such as heat-resistant conveyance equipment and cushioning material for use in the manufacture of car bodies, aluminum parts, and others.
49GF Score

Get the complete analysis for TSE:3513

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

円3,600.00
Price
円1,959.24
GF Value