Succeed Co (TSE:9256) Scaled Net Operating Assets: 0.18 (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:9256 Succeed Co Ltd TSE:9256
85 GF Score
Price 円1,393.00
GF Value 円1,083.65
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Succeed Co Scaled Net Operating Assets?

Succeed Co TSE:9256 +7.07% 85 Scaled Net Operating Assets is 0.18 as of Mar. 2026. GuruFocus rates TSE:9256 with a GF Score™ of 85/100 and a GF Value™ of 円1,083.65 (Modestly 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.

Succeed Co's operating assets for the quarter that ended in Mar. 2026 was 円1,355 Mil. Succeed Co's operating liabilities for the quarter that ended in Mar. 2026 was 円763 Mil. Succeed Co's Total Assets for the quarter that ended in Sep. 2025 was 円3,213 Mil. Therefore, Succeed Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.18.


Succeed Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Succeed 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.

Succeed Co Scaled Net Operating Assets Chart

Succeed Co Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial -0.11 -0.04 -0.04 0.02 0.20

Succeed Co Semi-Annual Data
Mar20 Mar21 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 Premium Member Only -0.03 -0.02 0.02 0.03 0.18

TSE:9256 vs EDU, TAL, LAUR: Scaled Net Operating Assets Comparison

For the Education & Training Services subindustry, Succeed 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.


Succeed Co Scaled Net Operating Assets vs Education Industry

For the Education industry and Consumer Defensive sector, Succeed Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:9256
85GF Score
Succeed Co Ltd TSE:9256
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Succeed 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.

Succeed 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 )
=(1355.036-762.887)/3001.613
=0.20

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3391.379 - 2036.343
=1355.036

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=766.817 - 2.358 - 1.572
=762.887

Succeed 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: Sep. 2025 )
=(1355.036-762.887)/3213.158
=0.18

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3391.379 - 2036.343
=1355.036

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=766.817 - 2.358 - 1.572
=762.887

* 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 0.18 mean?
Succeed Co (TSE:9256) has a Scaled Net Operating Assets of 0.18 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 Succeed Co and its competitors.
Is Succeed Co's Scaled Net Operating Assets too high?
Succeed Co's current Scaled Net Operating Assets is 0.18. Overall, Succeed Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Succeed Co's Scaled Net Operating Assets compare to EDU and TAL?
Succeed Co's Scaled Net Operating Assets of 0.18 can be compared against companies in the Education 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 an Education company?
A good Scaled Net Operating Assets depends on the Education 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 Succeed Co and its competitors. Succeed Co's current Scaled Net Operating Assets is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Succeed Co stock overvalued right now?
Based on GuruFocus' analysis, Succeed Co (TSE:9256) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,083.65, compared to a current price of 円1,393.00 — trading 28.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.18. Succeed Co's overall GF Score™ is 85/100 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 Succeed Co (TSE:9256), the current Scaled Net Operating Assets is 0.18 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 Succeed Co (TSE:9256) Overvalued in 2026?

Based on GuruFocus' analysis, Succeed Co stock appears to be overvalued. The current stock price of 円1,393.00 is trading 28.5% above its estimated GF Value™ of 円1,083.65. GuruFocus considers Succeed Co to be Modestly Overvalued.

Key valuation signals for TSE:9256:

  • Scaled Net Operating Assets: 0.18
  • GF Value™: 円1,083.65 vs. price of 円1,393.00 (28.5% above fair value)
  • GF Score™: 85/100 with 4 warning signs

No single metric tells the full story. See the TSE:9256 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Succeed Co Business Description

Address 1-4-15 Takadanobaba, 8th Floor, Taiki Life Takadanobaba Building, Shinjuku-ku, Tokyo, JPN, 169-0075
Succeed Co Ltd is engaged in providing In-house educational services such as the operation of tutoring classes, the introduction of tutors, and others. The company's reportable segments are: welfare human resource support business, educational human resource support business, individual instruction classroom business, and private tutoring business. Maximum revenue is generated from its individual instruction classroom business, which operates community-based individualized tutoring schools providing lessons to meet various needs, such as school supplementary lessons, exam preparation, and preparation for various tests for students from the first grade of elementary school to university entrance exam candidates.
85GF Score

Get the complete analysis for TSE:9256

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

円1,393.00
Price
円1,083.65
GF Value