Nippon Denko Co (TSE:5563) Scaled Net Operating Assets: 0.84 (As of Dec. 2025)

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:5563 Nippon Denko Co Ltd TSE:5563
73 GF Score
Price 円422.00
GF Value 円308.34
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Nippon Denko Co Scaled Net Operating Assets?

Nippon Denko Co TSE:5563 -1.17% 73 Scaled Net Operating Assets is 0.84 as of Dec. 2025. GuruFocus rates TSE:5563 with a GF Score™ of 73/100 and a GF Value™ of 円308.34 (Significantly Overvalued). The stock has 4 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.

Nippon Denko Co's operating assets for the quarter that ended in Dec. 2025 was 円87,390 Mil. Nippon Denko Co's operating liabilities for the quarter that ended in Dec. 2025 was 円8,565 Mil. Nippon Denko Co's Total Assets for the quarter that ended in Sep. 2025 was 円94,102 Mil. Therefore, Nippon Denko Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.84.


Nippon Denko Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Nippon Denko 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.

Nippon Denko Co Scaled Net Operating Assets Chart

Nippon Denko Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.85 0.78 0.84 0.77

Nippon Denko Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.83 0.82 0.82 0.84 0.87

TSE:5563 vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Nippon Denko 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.


Nippon Denko Co Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Nippon Denko Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:5563
73GF Score
Nippon Denko Co Ltd TSE:5563
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Denko 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.

Nippon Denko Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(87390-8565)/102200
=0.77

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=93414 - 6024
=87390

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22390 - 8041 - 5784
=8565

Nippon Denko Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Sep. 2025 )
=(87390-8565)/94102
=0.84

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=93414 - 6024
=87390

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22390 - 8041 - 5784
=8565

* 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 0.84 mean?
Nippon Denko Co (TSE:5563) has a Scaled Net Operating Assets of 0.84 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nippon Denko Co and its competitors.
Is Nippon Denko Co's Scaled Net Operating Assets too high?
Nippon Denko Co's current Scaled Net Operating Assets is 0.84. Overall, Nippon Denko Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Denko Co's Scaled Net Operating Assets compare to NUE and STLD?
Nippon Denko Co's Scaled Net Operating Assets of 0.84 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 Nippon Denko Co and its competitors. Nippon Denko Co's current Scaled Net Operating Assets is 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Denko Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Denko Co (TSE:5563) is currently considered Significantly Overvalued. The stock's GF Value™ is 円308.34, compared to a current price of 円422.00 — trading 36.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.84. Nippon Denko Co's overall GF Score™ is 73/100 with 4 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 Nippon Denko Co (TSE:5563), the current Scaled Net Operating Assets is 0.84 as of Dec. 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.

Is Nippon Denko Co (TSE:5563) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Denko Co stock appears to be overvalued. The current stock price of 円422.00 is trading 36.9% above its estimated GF Value™ of 円308.34. GuruFocus considers Nippon Denko Co to be Significantly Overvalued.

Key valuation signals for TSE:5563:

  • Scaled Net Operating Assets: 0.84
  • GF Value™: 円308.34 vs. price of 円422.00 (36.9% above fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the TSE:5563 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Denko Co Business Description

Other Exchanges NJ5:Germany
Address 4-16,1-chome, Yaesu, 4th Floor, Tokyo Tatemono Yaesu Building, Chuo-ku, Tokyo, JPN, 103-8282
Nippon Denko Co Ltd is mainly engaged in the manufacturing and distribution of ferroalloys. In addition, it is also involved in the electric power generation. The company's core business activities are categorized into four segments: Ferroalloys, Functional Materials, Environment, and Other. The company serves a diverse range of markets including power companies, agricultural cooperatives, local governments and companies discharging industrial waste.
73GF Score

Get the complete analysis for TSE:5563

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

円422.00
Price
円308.34
GF Value