Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
FJ Next Holdings Co's operating assets for the quarter that ended in Mar. 2026 was 円88,129 Mil. FJ Next Holdings Co's operating liabilities for the quarter that ended in Mar. 2026 was 円17,994 Mil. FJ Next Holdings Co's Total Assets for the quarter that ended in Sep. 2025 was 円108,744 Mil. Therefore, FJ Next Holdings Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.64.
FJ Next Holdings Co Scaled Net Operating Assets Related Terms
FJ Next Holdings Co Scaled Net Operating Assets Historical Data
* Premium members only.
The historical data trend for FJ Next 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.
FJ Next Holdings Co Scaled Net Operating Assets Chart
FJ Next Holdings Co Scaled Net Operating Assets Competitor Comparison
For the Real Estate - Diversified subindustry, FJ Next 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.
FJ Next Holdings Co Scaled Net Operating Assets vs Real Estate Industry
For the Real Estate industry and Real Estate sector, FJ Next Holdings Co's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where FJ Next Holdings Co's Scaled Net Operating Assets falls into.
* 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 0.64 mean?
FJ Next Holdings Co (TSE:8935) has a Scaled Net Operating Assets of 0.64 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 FJ Next Holdings Co and its competitors.
Is FJ Next Holdings Co's Scaled Net Operating Assets too high?
FJ Next Holdings Co's current Scaled Net Operating Assets is 0.64. Overall, FJ Next Holdings Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FJ Next Holdings Co's Scaled Net Operating Assets compare to competitors?
FJ Next Holdings Co's Scaled Net Operating Assets of 0.64 can be compared against companies in the Real Estate 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 Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate 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 FJ Next Holdings Co and its competitors. FJ Next Holdings Co's current Scaled Net Operating Assets is 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FJ Next Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, FJ Next Holdings Co (TSE:8935) is currently considered Fairly Valued. The stock's GF Value™ is 円1,817.52, compared to a current price of 円1,788.00 — trading 1.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.64. FJ Next Holdings Co's overall GF Score™ is 93/100 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 FJ Next Holdings Co (TSE:8935), the current Scaled Net Operating Assets is 0.64 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 FJ Next Holdings Co (TSE:8935) Overvalued in 2026?
Based on GuruFocus' analysis, FJ Next Holdings Co stock appears to be undervalued.
The current stock price of 円1,788.00 is trading 1.6% below its estimated GF Value™ of 円1,817.52.
GuruFocus considers FJ Next Holdings Co to be Fairly Valued.
Key valuation signals for TSE:8935:
Scaled Net Operating Assets: 0.64
GF Value™: 円1,817.52 vs. price of 円1,788.00 (1.6% below fair value)
No single metric tells the full story. See the TSE:8935 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FJ Next Holdings Co Ltd operates in the real estate sector in Japan. Along with its subsidiaries, the company operates in the following reportable segments: Real Estate Development, Real Estate Management, Construction, Hotel, and others. The majority of its revenue is generated from the Real Estate Development business, which is engaged in the development, sales, and marketing of studio apartments, resort properties, and family apartments (Gala Mansion Series and Gala Residencies) mainly in the Tokyo metropolitan area. In addition, this segment also offers rental recruitment and real estate brokerage services.
93GF Score
Get the complete analysis for TSE:8935
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:8935 has been successfully added to your 
