Kusuri No Aoki Holdings (TSE:3549) Scaled Net Operating Assets: 0.59 (As of Feb. 2026)


TSE:3549 Kusuri No Aoki Holdings TSE:3549
89 GF Score
Price 円3,738.00
GF Value 円4,242.70
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Kusuri No Aoki Holdings Scaled Net Operating Assets?

Kusuri No Aoki Holdings TSE:3549 +1.30% 89 Scaled Net Operating Assets is 0.59 as of Feb. 2026. GuruFocus rates TSE:3549 with a GF Score™ of 89/100 and a GF Value™ of 円4,242.70 (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.

Kusuri No Aoki Holdings's operating assets for the quarter that ended in Feb. 2026 was 円337,000 Mil. Kusuri No Aoki Holdings's operating liabilities for the quarter that ended in Feb. 2026 was 円110,019 Mil. Kusuri No Aoki Holdings's Total Assets for the quarter that ended in Nov. 2025 was 円385,792 Mil. Therefore, Kusuri No Aoki Holdings's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.59.


Kusuri No Aoki Holdings Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Kusuri No Aoki 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.

Kusuri No Aoki Holdings Scaled Net Operating Assets Chart

Kusuri No Aoki Holdings Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.61 0.60 0.65 0.66

Kusuri No Aoki Holdings Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.57 0.57 0.55 0.59 0.60

Kusuri No Aoki Holdings Scaled Net Operating Assets Competitor Comparison

For the Pharmaceutical Retailers subindustry, Kusuri No Aoki 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.


Kusuri No Aoki Holdings Scaled Net Operating Assets vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Kusuri No Aoki Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Kusuri No Aoki Holdings's Scaled Net Operating Assets falls into.


TSE:3549
89GF Score
Kusuri No Aoki Holdings TSE:3549
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Kusuri No Aoki 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.

Kusuri No Aoki Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2026 )
=(Operating Assets (A: May. 2026 )-Operating Liabilities (A: May. 2026 ))/Total Assets (A: May. 2025 )
=(352006-120127)/352464
=0.66

where

Operating Assets(A: May. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=410937 - 58931
=352006

Operating Liabilities(A: May. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=269901 - 127736 - 22038
=120127

Kusuri No Aoki Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Nov. 2025 )
=(337000-110019)/385792
=0.59

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=388578 - 51578
=337000

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=249838 - 119320 - 20499
=110019

* 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 0.59 mean?
Kusuri No Aoki Holdings (TSE:3549) has a Scaled Net Operating Assets of 0.59 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Kusuri No Aoki Holdings and its competitors.
Is Kusuri No Aoki Holdings' Scaled Net Operating Assets too high?
Kusuri No Aoki Holdings' current Scaled Net Operating Assets is 0.59. Overall, Kusuri No Aoki Holdings has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kusuri No Aoki Holdings' Scaled Net Operating Assets compare to competitors?
Kusuri No Aoki Holdings' Scaled Net Operating Assets of 0.59 can be compared against companies in the Healthcare Providers & 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 Healthcare Providers & Services company?
A good Scaled Net Operating Assets depends on the Healthcare Providers & 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 Kusuri No Aoki Holdings and its competitors. Kusuri No Aoki Holdings's current Scaled Net Operating Assets is 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kusuri No Aoki Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kusuri No Aoki Holdings (TSE:3549) is currently considered Modestly Undervalued. The stock's GF Value™ is 円4,242.70, compared to a current price of 円3,738.00 — trading 11.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.59. Kusuri No Aoki Holdings' overall GF Score™ is 89/100 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 Kusuri No Aoki Holdings (TSE:3549), the current Scaled Net Operating Assets is 0.59 as of Feb. 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 Kusuri No Aoki Holdings (TSE:3549) Overvalued in 2026?

Based on GuruFocus' analysis, Kusuri No Aoki Holdings stock appears to be undervalued. The current stock price of 円3,738.00 is trading 11.9% below its estimated GF Value™ of 円4,242.70. GuruFocus considers Kusuri No Aoki Holdings to be Modestly Undervalued.

Key valuation signals for TSE:3549:

  • Scaled Net Operating Assets: 0.59
  • GF Value™: 円4,242.70 vs. price of 円3,738.00 (11.9% below fair value)
  • GF Score™: 89/100 with 2 warning signs

No single metric tells the full story. See the TSE:3549 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kusuri No Aoki Holdings Business Description

Address 1st Yokoe-cho 4 Block, Ishikawa Prefecture, Hakusan, JPN, 924-8510
Kusuri No Aoki Holdings is a pharmaceutical retail chain that sells health, beauty, and cleaning supplies. The company operates stores that focus primarily on residential areas in Japan. Kusuri's business includes pharmaceutical drugs, and the company also operates a bone-marrow bank. The company breaks out its sales into four different product lines, including health, beauty, life, and dispensing. The vast majority of the company's revenue is derived from its life product category, followed by beauty products. Most of Kusuri's revenue is derived from the Hokuriku region.
89GF Score

Get the complete analysis for TSE:3549

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

円3,738.00
Price
円4,242.70
GF Value