JK Holdings Co (TSE:9896) Scaled Net Operating Assets: 0.23 (As of Mar. 2026)

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TSE:9896 JK Holdings Co Ltd TSE:9896
71 GF Score
Price 円1,460.00
GF Value 円1,148.95
Valuation Modestly Overvalued
! 5 Warning Signs
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What is JK Holdings Co Scaled Net Operating Assets?

JK Holdings Co TSE:9896 -0.21% 71 Scaled Net Operating Assets is 0.23 as of Mar. 2026. GuruFocus rates TSE:9896 with a GF Score™ of 71/100 and a GF Value™ of 円1,148.95 (Modestly Overvalued). The stock has 5 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.

JK Holdings Co's operating assets for the quarter that ended in Mar. 2026 was 円173,337 Mil. JK Holdings Co's operating liabilities for the quarter that ended in Mar. 2026 was 円123,662 Mil. JK Holdings Co's Total Assets for the quarter that ended in Sep. 2025 was 円217,182 Mil. Therefore, JK Holdings Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.23.


JK Holdings Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for JK 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.

JK Holdings Co Scaled Net Operating Assets Chart

JK Holdings 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 0.27 0.25 0.20 0.20 0.22

JK Holdings Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.22 0.21 0.22 0.23

TSE:9896 vs HON, MMM: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, JK 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.


JK Holdings Co Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, JK Holdings Co's Scaled Net Operating Assets distribution charts can be found below:

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


TSE:9896
71GF Score
JK Holdings Co Ltd TSE:9896
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JK Holdings 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.

JK Holdings 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 )
=(173337-123662)/222968
=0.22

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=217677 - 44340
=173337

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=151400 - 11224 - 16514
=123662

JK Holdings 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 )
=(173337-123662)/217182
=0.23

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=217677 - 44340
=173337

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=151400 - 11224 - 16514
=123662

* 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 0.23 mean?
JK Holdings Co (TSE:9896) has a Scaled Net Operating Assets of 0.23 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 JK Holdings Co and its competitors.
Is JK Holdings Co's Scaled Net Operating Assets too high?
JK Holdings Co's current Scaled Net Operating Assets is 0.23. Overall, JK Holdings Co has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JK Holdings Co's Scaled Net Operating Assets compare to HON and MMM?
JK Holdings Co's Scaled Net Operating Assets of 0.23 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates 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 JK Holdings Co and its competitors. JK Holdings Co's current Scaled Net Operating Assets is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JK Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, JK Holdings Co (TSE:9896) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,148.95, compared to a current price of 円1,460.00 — trading 27.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.23. JK Holdings Co's overall GF Score™ is 71/100 with 5 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 JK Holdings Co (TSE:9896), the current Scaled Net Operating Assets is 0.23 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 JK Holdings Co (TSE:9896) Overvalued in 2026?

Based on GuruFocus' analysis, JK Holdings Co stock appears to be overvalued. The current stock price of 円1,460.00 is trading 27.1% above its estimated GF Value™ of 円1,148.95. GuruFocus considers JK Holdings Co to be Modestly Overvalued.

Key valuation signals for TSE:9896:

  • Scaled Net Operating Assets: 0.23
  • GF Value™: 円1,148.95 vs. price of 円1,460.00 (27.1% above fair value)
  • GF Score™: 71/100 with 5 warning signs

No single metric tells the full story. See the TSE:9896 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JK Holdings Co Business Description

Address Wood Land Tower 1-7-22, Shinkiba Koto-ku, Tokyo, JPN, 136-8405
JK Holdings Co Ltd manufacturing and selling plywood, processing and selling lumber, and wholesale and retail sales of plywood, secondary plywood products, building materials, and housing equipment, as well as transporting the group's products and general cargo. Its segments include General building materials wholesale business; Plywood manufacturing and wood processing; General building materials retail business; and Others.
71GF Score

Get the complete analysis for TSE:9896

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

円1,460.00
Price
円1,148.95
GF Value