Ichishin Holdings Co (TSE:4645) Scaled Net Operating Assets: 0.28 (As of Feb. 2026)

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TSE:4645 Ichishin Holdings Co Ltd TSE:4645
64 GF Score
Price 円435.00
GF Value 円642.37
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Ichishin Holdings Co Scaled Net Operating Assets?

Ichishin Holdings Co TSE:4645 64 Scaled Net Operating Assets is 0.28 as of Feb. 2026. GuruFocus rates TSE:4645 with a GF Score™ of 64/100 and a GF Value™ of 円642.37 (Significantly Undervalued). The stock has 1 warning sign investors should review.

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

Ichishin Holdings Co's operating assets for the quarter that ended in Feb. 2026 was 円8,260 Mil. Ichishin Holdings Co's operating liabilities for the quarter that ended in Feb. 2026 was 円4,431 Mil. Ichishin Holdings Co's Total Assets for the quarter that ended in Nov. 2025 was 円13,478 Mil. Therefore, Ichishin Holdings Co's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.28.


Ichishin Holdings Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Ichishin Holdings 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.

Ichishin Holdings Co Scaled Net Operating Assets Chart

Ichishin Holdings Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.33 0.38 0.38 0.28

Ichishin Holdings Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 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 0.37 0.36 0.30 0.28 0.30

TSE:4645 vs EDU, TAL, LAUR: Scaled Net Operating Assets Comparison

For the Education & Training Services subindustry, Ichishin Holdings 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.


Ichishin Holdings Co Scaled Net Operating Assets vs Education Industry

For the Education industry and Consumer Defensive sector, Ichishin Holdings Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:4645
64GF Score
Ichishin Holdings Co Ltd TSE:4645
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ichishin Holdings 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.

Ichishin Holdings Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2026 )
=(Operating Assets (A: Feb. 2026 )-Operating Liabilities (A: Feb. 2026 ))/Total Assets (A: Feb. 2025 )
=(8260.157-4430.527)/13647.568
=0.28

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13402.839 - 5142.682
=8260.157

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10881.229 - 4918.808 - 1531.894
=4430.527

Ichishin Holdings Co'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 )
=(8260.157-4430.527)/13478.273
=0.28

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13402.839 - 5142.682
=8260.157

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10881.229 - 4918.808 - 1531.894
=4430.527

* 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 0.28 mean?
Ichishin Holdings Co (TSE:4645) has a Scaled Net Operating Assets of 0.28 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 Ichishin Holdings Co and its competitors.
Is Ichishin Holdings Co's Scaled Net Operating Assets too high?
Ichishin Holdings Co's current Scaled Net Operating Assets is 0.28. Overall, Ichishin Holdings Co has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ichishin Holdings Co's Scaled Net Operating Assets compare to EDU and TAL?
Ichishin Holdings Co's Scaled Net Operating Assets of 0.28 can be compared against companies in the Education 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 an Education company?
A good Scaled Net Operating Assets depends on the Education 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 Ichishin Holdings Co and its competitors. Ichishin Holdings Co's current Scaled Net Operating Assets is 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichishin Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Ichishin Holdings Co (TSE:4645) is currently considered Significantly Undervalued. The stock's GF Value™ is 円642.37, compared to a current price of 円435.00 — trading 32.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.28. Ichishin Holdings Co's overall GF Score™ is 64/100 with 1 warning sign 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 Ichishin Holdings Co (TSE:4645), the current Scaled Net Operating Assets is 0.28 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 Ichishin Holdings Co (TSE:4645) Overvalued in 2026?

Based on GuruFocus' analysis, Ichishin Holdings Co stock appears to be undervalued. The current stock price of 円435.00 is trading 32.3% below its estimated GF Value™ of 円642.37. GuruFocus considers Ichishin Holdings Co to be Significantly Undervalued.

Key valuation signals for TSE:4645:

  • Scaled Net Operating Assets: 0.28
  • GF Value™: 円642.37 vs. price of 円435.00 (32.3% below fair value)
  • GF Score™: 64/100 with 1 warning sign

No single metric tells the full story. See the TSE:4645 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ichishin Holdings Co Business Description

Address 2-3-11 Yawata, Chiba, Ichikawa, JPN
Ichishin Holdings Co Ltd is engaged in the education business. It provides curriculum, instruction, and examination materials for elementary and secondary schools. It is also involved in the provision of group tutorial, individual tutorial, and video tutorial services.
64GF Score

Get the complete analysis for TSE:4645

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

円435.00
Price
円642.37
GF Value