Techno Horizon Co (TSE:6629) Scaled Net Operating Assets: 0.61 (As of Mar. 2026)


TSE:6629 Techno Horizon Co Ltd TSE:6629
59 GF Score
Price 円1,008.00
GF Value 円527.39
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Techno Horizon Co Scaled Net Operating Assets?

Techno Horizon Co TSE:6629 -1.47% 59 Scaled Net Operating Assets is 0.61 as of Mar. 2026. GuruFocus rates TSE:6629 with a GF Score™ of 59/100 and a GF Value™ of 円527.39 (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.

Techno Horizon Co's operating assets for the quarter that ended in Mar. 2026 was 円34,818 Mil. Techno Horizon Co's operating liabilities for the quarter that ended in Mar. 2026 was 円13,533 Mil. Techno Horizon Co's Total Assets for the quarter that ended in Dec. 2025 was 円34,958 Mil. Therefore, Techno Horizon Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.61.


Techno Horizon Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Techno Horizon 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.

Techno Horizon Co Scaled Net Operating Assets Chart

Techno Horizon Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 0.67 0.60 0.64 0.57

Techno Horizon Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 0.59 0.64 0.54 0.59 0.61

TSE:6629 vs APH, GLW: Scaled Net Operating Assets Comparison

For the Electronic Components subindustry, Techno Horizon 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.


Techno Horizon Co Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, Techno Horizon Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:6629
59GF Score
Techno Horizon Co Ltd TSE:6629
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Techno Horizon 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.

Techno Horizon Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(34817.645-13532.781)/37397.01
=0.57

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=39412.036 - 4594.391
=34817.645

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=27134.302 - 3218.294 - 10383.227
=13532.781

Techno Horizon Co'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: Dec. 2025 )
=(34817.645-13532.781)/34957.759
=0.61

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=39412.036 - 4594.391
=34817.645

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=27134.302 - 3218.294 - 10383.227
=13532.781

* 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 0.61 mean?
Techno Horizon Co (TSE:6629) has a Scaled Net Operating Assets of 0.61 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 Techno Horizon Co and its competitors.
Is Techno Horizon Co's Scaled Net Operating Assets too high?
Techno Horizon Co's current Scaled Net Operating Assets is 0.61. Overall, Techno Horizon Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Techno Horizon Co's Scaled Net Operating Assets compare to APH and GLW?
Techno Horizon Co's Scaled Net Operating Assets of 0.61 can be compared against companies in the Hardware 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 Hardware company?
A good Scaled Net Operating Assets depends on the Hardware 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 Techno Horizon Co and its competitors. Techno Horizon Co's current Scaled Net Operating Assets is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Horizon Co stock overvalued right now?
Based on GuruFocus' analysis, Techno Horizon Co (TSE:6629) is currently considered Significantly Overvalued. The stock's GF Value™ is 円527.39, compared to a current price of 円1,008.00 — trading 91.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.61. Techno Horizon Co's overall GF Score™ is 59/100 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 Techno Horizon Co (TSE:6629), the current Scaled Net Operating Assets is 0.61 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 Techno Horizon Co (TSE:6629) Overvalued in 2026?

Based on GuruFocus' analysis, Techno Horizon Co stock appears to be overvalued. The current stock price of 円1,008.00 is trading 91.1% above its estimated GF Value™ of 円527.39. GuruFocus considers Techno Horizon Co to be Significantly Overvalued.

Key valuation signals for TSE:6629:

  • Scaled Net Operating Assets: 0.61
  • GF Value™: 円527.39 vs. price of 円1,008.00 (91.1% above fair value)
  • GF Score™: 59/100 with 4 warning signs

No single metric tells the full story. See the TSE:6629 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Techno Horizon Co Business Description

Other Exchanges X5X:Germany
Address 2-13-1 Chikama-tori, Minami-ku, Nagoya, Aichi, JPN, 457-0071
Techno Horizon Co Ltd is a Japan-based company engaged in optical business and electronic business. The company manufactures and sells optical, electrical, medical, and precision equipment; develops, manufactures, and sells information and communication equipment, FA related equipment, and other electronic devices; and produces and sells various optical lenses and plastic moulded products, as well as provides system integration services.
59GF Score

Get the complete analysis for TSE:6629

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

円1,008.00
Price
円527.39
GF Value