Nihon Kagakungyo Co (TSE:4094) Scaled Net Operating Assets: 0.53 (As of Mar. 2026)


TSE:4094 Nihon Kagaku Sangyo Co Ltd TSE:4094
63 GF Score
Price 円2,089.00
GF Value 円1,857.32
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Nihon Kagakungyo Co Scaled Net Operating Assets?

Nihon Kagakungyo Co TSE:4094 -0.57% 63 Scaled Net Operating Assets is 0.53 as of Mar. 2026. GuruFocus rates TSE:4094 with a GF Score™ of 63/100 and a GF Value™ of 円1,857.32 (Modestly Overvalued). 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.

Nihon Kagakungyo Co's operating assets for the quarter that ended in Mar. 2026 was 円40,914 Mil. Nihon Kagakungyo Co's operating liabilities for the quarter that ended in Mar. 2026 was 円10,869 Mil. Nihon Kagakungyo Co's Total Assets for the quarter that ended in Sep. 2025 was 円56,560 Mil. Therefore, Nihon Kagakungyo Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.53.


Nihon Kagakungyo Co Scaled Net Operating Assets Historical Data

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The historical data trend for Nihon Kagakungyo 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.

Nihon Kagakungyo Co Scaled Net Operating Assets Chart

Nihon Kagakungyo 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 0.55 0.50 0.53 0.59 0.55

Nihon Kagakungyo Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.52 0.59 0.59 0.52 0.53

TSE:4094 vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, Nihon Kagakungyo 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.


Nihon Kagakungyo Co Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nihon Kagakungyo Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:4094
63GF Score
Nihon Kagaku Sangyo Co Ltd TSE:4094
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nihon Kagakungyo 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.

Nihon Kagakungyo 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 )
=(40913.68-10868.778)/54303.916
=0.55

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=61693.613 - 20779.933
=40913.68

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10868.778 - 0 - 0
=10868.778

Nihon Kagakungyo 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: Sep. 2025 )
=(40913.68-10868.778)/56559.733
=0.53

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=61693.613 - 20779.933
=40913.68

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10868.778 - 0 - 0
=10868.778

* 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 0.53 mean?
Nihon Kagakungyo Co (TSE:4094) has a Scaled Net Operating Assets of 0.53 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 Nihon Kagakungyo Co and its competitors.
Is Nihon Kagakungyo Co's Scaled Net Operating Assets too high?
Nihon Kagakungyo Co's current Scaled Net Operating Assets is 0.53. Overall, Nihon Kagakungyo Co has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Kagakungyo Co's Scaled Net Operating Assets compare to LIN and SHW?
Nihon Kagakungyo Co's Scaled Net Operating Assets of 0.53 can be compared against companies in the Chemicals 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 Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals 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 Nihon Kagakungyo Co and its competitors. Nihon Kagakungyo Co's current Scaled Net Operating Assets is 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Kagakungyo Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Kagakungyo Co (TSE:4094) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,857.32, compared to a current price of 円2,089.00 — trading 12.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.53. Nihon Kagakungyo Co's overall GF Score™ is 63/100 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 Nihon Kagakungyo Co (TSE:4094), the current Scaled Net Operating Assets is 0.53 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 Nihon Kagakungyo Co (TSE:4094) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon Kagakungyo Co stock appears to be overvalued. The current stock price of 円2,089.00 is trading 12.5% above its estimated GF Value™ of 円1,857.32. GuruFocus considers Nihon Kagakungyo Co to be Modestly Overvalued.

Key valuation signals for TSE:4094:

  • Scaled Net Operating Assets: 0.53
  • GF Value™: 円1,857.32 vs. price of 円2,089.00 (12.5% above fair value)
  • GF Score™: 63/100 with 2 warning signs

No single metric tells the full story. See the TSE:4094 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nihon Kagakungyo Co Business Description

Address 4-8-1 Higashi Ueno, Tixtower Ueno (Reception 5th Floor, Taito-ku, Tokyo, JPN, 110-0015
Nihon Kagaku Sangyo Co Ltd is a Japan-based chemical manufacturer. Its business activities are divided into two divisions including Chemical business which is engaged in production and sales of organic and inorganic industrial chemicals. And Building Materials business which offers metal products. Its chemical product offerings include copper compounds, tin compounds, nickel compounds, cobalt compounds, metallic soaps, among others. The building materials division offers products including plancier air vent, nent roof, finish hardware, mail post, approach stainless steel, handrails, heat exchanger, metal eaves fascia and cold rolling forming hardware.
63GF Score

Get the complete analysis for TSE:4094

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

円2,089.00
Price
円1,857.32
GF Value