Northsand (TSE:446A) Scaled Net Operating Assets: 0.26 (As of Jan. 2026)

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TSE:446A Northsand Inc TSE:446A
18 GF Score
Price 円1,598.00
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What is Northsand Scaled Net Operating Assets?

Northsand TSE:446A +10.66% 18 Scaled Net Operating Assets is 0.26 as of Jan. 2026. GuruFocus rates TSE:446A with a GF Score™ of 18/100.

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

Northsand's operating assets for the quarter that ended in Jan. 2026 was 円7,259 Mil. Northsand's operating liabilities for the quarter that ended in Jan. 2026 was 円4,673 Mil. Northsand's Total Assets for the quarter that ended in Oct. 2025 was 円9,925 Mil. Therefore, Northsand's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.26.

Northsand Scaled Net Operating Assets Historical Data

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The historical data trend for Northsand'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.

Northsand Scaled Net Operating Assets Chart

Northsand Annual Data
Trend Jan24 Jan25 Jan26
Scaled Net Operating Assets
0.08 0.21 0.37

Northsand Quarterly Data
Jan24 Jan25 Jul25 Oct25 Jan26 Apr26
Scaled Net Operating Assets Get a 7-Day Free Trial 0.21 0.18 0.15 0.26 0.24

TSE:446A vs VRSK, EFX, BAH: Scaled Net Operating Assets Comparison

For the Consulting Services subindustry, Northsand'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.

Northsand Scaled Net Operating Assets vs Business Services Industry

For the Business Services industry and Industrials sector, Northsand's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:446A
18GF Score
Northsand Inc TSE:446A
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Northsand 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.

Northsand's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jan. 2026 )
=(Operating Assets (A: Jan. 2026 )-Operating Liabilities (A: Jan. 2026 ))/Total Assets (A: Jan. 2025 )
=(7259-4673)/7003
=0.37

where

Operating Assets(A: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=21861 - 14602
=7259

Operating Liabilities(A: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5406 - 450 - 283
=4673

Northsand's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Oct. 2025 )
=(7259-4673)/9925
=0.26

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=21861 - 14602
=7259

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5406 - 450 - 283
=4673

* 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 0.26 mean?
Northsand (TSE:446A) has a Scaled Net Operating Assets of 0.26 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Northsand and its competitors.
Is Northsand's Scaled Net Operating Assets too high?
Northsand's current Scaled Net Operating Assets is 0.26. Overall, Northsand has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Northsand's Scaled Net Operating Assets compare to VRSK and EFX?
Northsand's Scaled Net Operating Assets of 0.26 can be compared against companies in the Business 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 Business Services company?
A good Scaled Net Operating Assets depends on the Business 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 Northsand and its competitors. Northsand's current Scaled Net Operating Assets is 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northsand stock overvalued right now?
Northsand (TSE:446A) has a current Scaled Net Operating Assets of 0.26. The current Scaled Net Operating Assets is 0.26. Northsand's overall GF Score™ is 18/100. 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 Northsand (TSE:446A), the current Scaled Net Operating Assets is 0.26 as of Jan. 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.

Northsand Business Description

Address 4-12-15, Ginza, 7 th Floor, Kabukiza Tower, Chuo-ku, Tokyo, JPN, 104-0061
Northsand Inc is engaged in Comprehensive consulting business.
18GF Score

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

円1,598.00
Price