Needs Well (TSE:3992) Total Operating Expense: 円1,331 Mil (TTM 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:3992 Needs Well Inc TSE:3992
91 GF Score
Price 円443.00
GF Value 円500.17
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Needs Well Total Operating Expense?

Needs Well TSE:3992 -1.56% 91 Total Operating Expense is 円1,331 Mil as of Mar. 2026. GuruFocus rates TSE:3992 with a GF Score™ of 91/100 and a GF Value™ of 円500.17 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Needs Well's Total Operating Expense for the three months ended in Mar. 2026 was 円431 Mil. Needs Well's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was 円1,331 Mil.


Needs Well Total Operating Expense Related Terms


Needs Well Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Needs Well's Total Operating Expense 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.

Needs Well Total Operating Expense Chart

Needs Well Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 833.78 872.18 983.29 979.51 1,122.79

Needs Well Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 0.00 272.10 386.83 241.00 431.05
TSE:3992
91GF Score
Needs Well Inc TSE:3992
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Needs Well Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円1,331 Mil.

* 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 Total Operating Expense of 円1,331 Mil mean?
Needs Well (TSE:3992) has a Total Operating Expense of 円1,331 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Needs Well and its competitors.
Is Needs Well's Total Operating Expense too high?
Needs Well's current Total Operating Expense is 円1,331 Mil. Overall, Needs Well has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Needs Well's Total Operating Expense compare to MSFT and ORCL?
Needs Well's Total Operating Expense of 円1,331 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Software company?
A good Total Operating Expense depends on the Software industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Needs Well and its competitors. Needs Well's current Total Operating Expense is 円1,331 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Needs Well stock overvalued right now?
Based on GuruFocus' analysis, Needs Well (TSE:3992) is currently considered Modestly Undervalued. The stock's GF Value™ is 円500.17, compared to a current price of 円443.00 — trading 11.4% below its estimated fair value. The current Total Operating Expense is 円1,331 Mil. Needs Well's overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Needs Well (TSE:3992), the current Total Operating Expense is 円1,331 Mil 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 Needs Well (TSE:3992) Overvalued in 2026?

Based on GuruFocus' analysis, Needs Well stock appears to be undervalued. The current stock price of 円443.00 is trading 11.4% below its estimated GF Value™ of 円500.17. GuruFocus considers Needs Well to be Modestly Undervalued.

Key valuation signals for TSE:3992:

  • Total Operating Expense: 円1,331 Mil
  • GF Value™: 円500.17 vs. price of 円443.00 (11.4% below fair value)
  • GF Score™: 91/100 with 2 warning signs

No single metric tells the full story. See the TSE:3992 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Needs Well Business Description

Address 13-15 South Tower, Tomihisa-cho Shinjuku-ku, Tokyo, JPN, 162-0067
Needs Well Inc provides application development, cloud solutions, IT related products and services, system infrastructure service and IT outsourcing services. Its services support to the development of BtoC / BtoB systems, digital marketing related system, business system, and CMS using web technology.
91GF Score

Get the complete analysis for TSE:3992

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

円443.00
Price
円500.17
GF Value