Japan Business Systems (TSE:5036) Scaled Net Operating Assets: 0.60 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:5036 Japan Business Systems Inc TSE:5036
77 GF Score
Price 円1,600.00
GF Value 円2,018.53
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Japan Business Systems Scaled Net Operating Assets?

Japan Business Systems TSE:5036 +0.06% 77 Scaled Net Operating Assets is 0.60 as of Mar. 2026. GuruFocus rates TSE:5036 with a GF Score™ of 77/100 and a GF Value™ of 円2,018.53 (Modestly Undervalued). The stock has 3 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.

Japan Business Systems's operating assets for the quarter that ended in Mar. 2026 was 円84,981 Mil. Japan Business Systems's operating liabilities for the quarter that ended in Mar. 2026 was 円40,139 Mil. Japan Business Systems's Total Assets for the quarter that ended in Sep. 2025 was 円74,467 Mil. Therefore, Japan Business Systems's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.60.


Japan Business Systems Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Japan Business Systems'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.

Japan Business Systems Scaled Net Operating Assets Chart

Japan Business Systems Annual Data
Trend Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.50 0.62 0.75 0.78 0.79

Japan Business Systems Semi-Annual Data
Sep20 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 0.61 0.73 0.70 0.69 0.60

TSE:5036 vs MSFT, ORCL, PLTR: Scaled Net Operating Assets Comparison

For the Software - Infrastructure subindustry, Japan Business Systems'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.


Japan Business Systems Scaled Net Operating Assets vs Software Industry

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

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


TSE:5036
77GF Score
Japan Business Systems Inc TSE:5036
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Business Systems 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.

Japan Business Systems'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 )
=(71425-23500)/60949
=0.79

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=74467 - 3042
=71425

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=47225 - 12553 - 11172
=23500

Japan Business Systems'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 )
=(84981-40139)/74467
=0.60

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=89976 - 4995
=84981

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=61348 - 12392 - 8817
=40139

* 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 0.60 mean?
Japan Business Systems (TSE:5036) has a Scaled Net Operating Assets of 0.60 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 Japan Business Systems and its competitors.
Is Japan Business Systems' Scaled Net Operating Assets too high?
Japan Business Systems' current Scaled Net Operating Assets is 0.60. Overall, Japan Business Systems has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Japan Business Systems' Scaled Net Operating Assets compare to MSFT and ORCL?
Japan Business Systems' Scaled Net Operating Assets of 0.60 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 Japan Business Systems and its competitors. Japan Business Systems's current Scaled Net Operating Assets is 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Business Systems stock overvalued right now?
Based on GuruFocus' analysis, Japan Business Systems (TSE:5036) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,018.53, compared to a current price of 円1,600.00 — trading 20.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.60. Japan Business Systems' overall GF Score™ is 77/100 with 3 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 Japan Business Systems (TSE:5036), the current Scaled Net Operating Assets is 0.60 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 Japan Business Systems (TSE:5036) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Business Systems stock appears to be undervalued. The current stock price of 円1,600.00 is trading 20.7% below its estimated GF Value™ of 円2,018.53. GuruFocus considers Japan Business Systems to be Modestly Undervalued.

Key valuation signals for TSE:5036:

  • Scaled Net Operating Assets: 0.60
  • GF Value™: 円2,018.53 vs. price of 円1,600.00 (20.7% below fair value)
  • GF Score™: 77/100 with 3 warning signs

No single metric tells the full story. See the TSE:5036 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Business Systems Business Description

Address 2-6-1 Toranomon, 20th Floor, Toranomon Hills Station Tower, Minato-ku, Tokyo, JPN, 105-5520
Japan Business Systems Inc operates in the information technology sector. The company works with cloud companies, various hardware and software manufacturers, research institutes and universities, etc., to provide cloud services to its clients. It is a cloud services integrator that provides consulting and IT services that can maximize customer performance by utilizing cloud services centered on Microsoft. The various services offered by the company include digital transformation, cloud infrastructure solutions, SAP system solutions, Microsoft 365 and Power platform-related solutions, and others. Its reportable segments are; Cloud Integration, which derives key revenue, and Cloud Services. Geographically, the company operates in Japan.
77GF Score

Get the complete analysis for TSE:5036

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

円1,600.00
Price
円2,018.53
GF Value