istyle (TSE:3660) Scaled Net Operating Assets: 0.48 (As of Dec. 2025)

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TSE:3660 istyle Inc TSE:3660
79 GF Score
Price 円413.00
GF Value 円455.14
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is istyle Scaled Net Operating Assets?

istyle TSE:3660 +1.72% 79 Scaled Net Operating Assets is 0.48 as of Dec. 2025. GuruFocus rates TSE:3660 with a GF Score™ of 79/100 and a GF Value™ of 円455.14 (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.

istyle's operating assets for the quarter that ended in Dec. 2025 was 円30,450 Mil. istyle's operating liabilities for the quarter that ended in Dec. 2025 was 円12,348 Mil. istyle's Total Assets for the quarter that ended in Sep. 2025 was 円37,919 Mil. Therefore, istyle's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.48.


istyle Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for istyle'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.

istyle Scaled Net Operating Assets Chart

istyle Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 0.52 0.51 0.58 0.62

istyle 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 0.47 0.54 0.51 0.48 0.45

TSE:3660 vs CASY, WSM, DKS: Scaled Net Operating Assets Comparison

For the Specialty Retail subindustry, istyle'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.


istyle Scaled Net Operating Assets vs Retail - Cyclical Industry

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

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


TSE:3660
79GF Score
istyle Inc TSE:3660
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

istyle 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.

istyle'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 )
=(26413-8855)/28141
=0.62

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=34601 - 8188
=26413

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17594 - 4771 - 3968
=8855

istyle'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 )
=(30450-12348)/37919
=0.48

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=40648 - 10198
=30450

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18875 - 4028 - 2499
=12348

* 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 0.48 mean?
istyle (TSE:3660) has a Scaled Net Operating Assets of 0.48 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 istyle and its competitors.
Is istyle's Scaled Net Operating Assets too high?
istyle's current Scaled Net Operating Assets is 0.48. Overall, istyle has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does istyle's Scaled Net Operating Assets compare to CASY and WSM?
istyle's Scaled Net Operating Assets of 0.48 can be compared against companies in the Retail - Cyclical 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 - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 istyle and its competitors. istyle's current Scaled Net Operating Assets is 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is istyle stock overvalued right now?
Based on GuruFocus' analysis, istyle (TSE:3660) is currently considered Modestly Undervalued. The stock's GF Value™ is 円455.14, compared to a current price of 円413.00 — trading 9.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.48. istyle's overall GF Score™ is 79/100 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 istyle (TSE:3660), the current Scaled Net Operating Assets is 0.48 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.

Is istyle (TSE:3660) Overvalued in 2026?

Based on GuruFocus' analysis, istyle stock appears to be undervalued. The current stock price of 円413.00 is trading 9.3% below its estimated GF Value™ of 円455.14. GuruFocus considers istyle to be Modestly Undervalued.

Key valuation signals for TSE:3660:

  • Scaled Net Operating Assets: 0.48
  • GF Value™: 円455.14 vs. price of 円413.00 (9.3% below fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the TSE:3660 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


istyle Business Description

Other Exchanges IY5:Germany
Address 34F ARK Mori Building, 1-12-32, Akasaka, Minato-ku, Tokyo, JPN, 107-6034
istyle Inc is engaged in the operation of cosmetics portal Website under the name @cosme. The company operates its business through Media, Electronic Commerce and Store segment. The Media segment involves in the provision of various services including Internet advertising services, such as response advertisings, branding advertisings and affiliate advertisings. The Electronic Commerce segment is engaged in the purchase and sale of cosmetics, quasi drugs, health foods through operating cosmetics online shopping site and the Store segment is involves in the plan and development of cosmetics retail business categories, and the operation of cosmetics retail stores.
79GF Score

Get the complete analysis for TSE:3660

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

円413.00
Price
円455.14
GF Value