Free Style (TSE:528A) Scaled Net Operating Assets: 0.45 (As of Sep. 2025)

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TSE:528A Free Style Inc TSE:528A
9 GF Score
Price 円1,080.00
! 3 Warning Signs
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What is Free Style Scaled Net Operating Assets?

Free Style TSE:528A 9 Scaled Net Operating Assets is 0.45 as of Sep. 2025. GuruFocus rates TSE:528A with a GF Score™ of 9/100. 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.

Free Style's operating assets for the quarter that ended in Sep. 2025 was 円618.9 Mil. Free Style's operating liabilities for the quarter that ended in Sep. 2025 was 円249.5 Mil. Free Style's Total Assets for the quarter that ended in Mar. 2025 was 円813.8 Mil. Therefore, Free Style's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.45.

Free Style Scaled Net Operating Assets Historical Data

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The historical data trend for Free Style'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.

Free Style Scaled Net Operating Assets Chart

Free Style Annual Data
Trend Mar24 Mar25
Scaled Net Operating Assets
0.24 0.23

Free Style Semi-Annual Data
Mar24 Mar25 Sep25
Scaled Net Operating Assets 0.24 0.23 0.45

TSE:528A vs UBER, CRM, SHOP: Scaled Net Operating Assets Comparison

For the Software - Application subindustry, Free Style'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.

Free Style Scaled Net Operating Assets vs Software Industry

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

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


TSE:528A
9GF Score
Free Style Inc TSE:528A
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Free Style 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.

Free Style's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(409.357-237.627)/764.29
=0.22

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=813.75 - 404.393
=409.357

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=537.11 - 231.929 - 67.554
=237.627

Free Style's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Mar. 2025 )
=(618.939-249.525)/813.75
=0.45

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=802.571 - 183.632
=618.939

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=517.73 - 195.653 - 72.552
=249.525

* 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 0.45 mean?
Free Style (TSE:528A) has a Scaled Net Operating Assets of 0.45 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Free Style and its competitors.
Is Free Style's Scaled Net Operating Assets too high?
Free Style's current Scaled Net Operating Assets is 0.45. Overall, Free Style has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Free Style's Scaled Net Operating Assets compare to UBER and CRM?
Free Style's Scaled Net Operating Assets of 0.45 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 Free Style and its competitors. Free Style's current Scaled Net Operating Assets is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Free Style stock overvalued right now?
Free Style (TSE:528A) has a current Scaled Net Operating Assets of 0.45. The current Scaled Net Operating Assets is 0.45. Free Style's overall GF Score™ is 9/100 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 Free Style (TSE:528A), the current Scaled Net Operating Assets is 0.45 as of Sep. 2025. 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.

Free Style Business Description

Address 1-5-13, Nishiki, 9th floor of ORIX Nagoya Nishiki Building, Aichi Prefecture, Nagoya, JPN, 460-0003
Free Style Inc is engaged in Software Development and Staffing Services. The IT Solutions Division provides a variety of services such as network infrastructure development, operation, maintenance, server and system construction, and program development. The company is also engaged in the Contract Development Business and Game Development Business.
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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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