Needs Well (TSE:3992) Scaled Net Operating Assets: 0.34 (As of Mar. 2026)


TSE:3992 Needs Well Inc TSE:3992
91 GF Score
Price 円452.00
GF Value 円498.93
Valuation Fairly Valued
! 2 Warning Signs
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What is Needs Well Scaled Net Operating Assets?

Needs Well TSE:3992 +0.67% 91 Scaled Net Operating Assets is 0.34 as of Mar. 2026. GuruFocus rates TSE:3992 with a GF Score™ of 91/100 and a GF Value™ of 円498.93 (Fairly Valued). 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.

Needs Well's operating assets for the quarter that ended in Mar. 2026 was 円3,756 Mil. Needs Well's operating liabilities for the quarter that ended in Mar. 2026 was 円1,674 Mil. Needs Well's Total Assets for the quarter that ended in Dec. 2025 was 円6,038 Mil. Therefore, Needs Well's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.34.


Needs Well Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Needs Well'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.

Needs Well Scaled Net Operating Assets Chart

Needs Well Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.22 0.27 0.37 0.36

Needs Well Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.41 0.34 0.34 0.40 0.35

TSE:3992 vs MSFT, ORCL, PLTR: Scaled Net Operating Assets Comparison

For the Software - Infrastructure subindustry, Needs Well'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.


Needs Well Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Needs Well's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:3992
91GF Score
Needs Well Inc TSE:3992
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Needs Well 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.

Needs Well's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(3752.817-1710.005)/5653.434
=0.36

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6513.361 - 2760.544
=3752.817

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1740.309 - 23.578 - 6.726
=1710.005

Needs Well'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 )
=(3755.811-1673.684)/6037.758
=0.34

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6455.666 - 2699.855
=3755.811

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1700.118 - 20.722 - 5.712
=1673.684

* 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 0.34 mean?
Needs Well (TSE:3992) has a Scaled Net Operating Assets of 0.34 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 Needs Well and its competitors.
Is Needs Well's Scaled Net Operating Assets too high?
Needs Well's current Scaled Net Operating Assets is 0.34. Overall, Needs Well has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Needs Well's Scaled Net Operating Assets compare to MSFT and ORCL?
Needs Well's Scaled Net Operating Assets of 0.34 can be compared against companies in the Software 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 Software company?
A good Scaled Net Operating Assets depends on the Software 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 Needs Well and its competitors. Needs Well's current Scaled Net Operating Assets is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Needs Well stock overvalued right now?
Based on GuruFocus' analysis, Needs Well (TSE:3992) is currently considered Fairly Valued. The stock's GF Value™ is 円498.93, compared to a current price of 円452.00 — trading 9.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.34. Needs Well's overall GF Score™ is 91/100 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 Needs Well (TSE:3992), the current Scaled Net Operating Assets is 0.34 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 Needs Well (TSE:3992) Overvalued in 2026?

Based on GuruFocus' analysis, Needs Well stock appears to be undervalued. The current stock price of 円452.00 is trading 9.4% below its estimated GF Value™ of 円498.93. GuruFocus considers Needs Well to be Fairly Valued.

Key valuation signals for TSE:3992:

  • Scaled Net Operating Assets: 0.34
  • GF Value™: 円498.93 vs. price of 円452.00 (9.4% below fair value)
  • GF Score™: 91/100 with 2 warning signs

No single metric tells the full story. See the TSE:3992 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Needs Well Business Description

Address 13-15 South Tower, Tomihisa-cho Shinjuku-ku, Tokyo, JPN, 162-0067
Needs Well Inc provides application development, cloud solutions, IT related products and services, system infrastructure service and IT outsourcing services. Its services support to the development of BtoC / BtoB systems, digital marketing related system, business system, and CMS using web technology.
91GF Score

Get the complete analysis for TSE:3992

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

円452.00
Price
円498.93
GF Value