Kuwazawa Holdings (SSE:8104) Piotroski F-Score: 8 (As of Jun. 30, 2026) — 14% Above Median


SSE:8104 Kuwazawa Holdings Corp SSE:8104
71 GF Score
Price 円610.00
GF Value 円562.88
! 3 Warning Signs
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What is Kuwazawa Holdings Piotroski F-Score?

Kuwazawa Holdings SSE:8104 71 Piotroski F-Score is 8 as of Jun. 30, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates SSE:8104 with a GF Score™ of 71/100 and a GF Value™ of 円562.88. The stock has 3 warning signs investors should review. Among 392 Building Materials companies, Kuwazawa Holdings ranks better than 97.19% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Kuwazawa Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Kuwazawa Holdings's Piotroski F-Score or its related term are showing as below:

SSE:8104' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Kuwazawa Holdings was 8. The lowest was 4. And the median was 7.

Kuwazawa Holdings  (SSE:8104) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Kuwazawa Holdings Piotroski F-Score Related Terms


Kuwazawa Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kuwazawa Holdings's Piotroski F-Score 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.

Kuwazawa Holdings Piotroski F-Score Chart

Kuwazawa Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 7.00 4.00 6.00 8.00

Kuwazawa Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score 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 4.00 0.00 6.00 0.00 8.00

SSE:8104 vs CRH, VMC, MLM: Piotroski F-Score Comparison

For the Building Materials subindustry, Kuwazawa Holdings's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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.


Kuwazawa Holdings Piotroski F-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Kuwazawa Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Kuwazawa Holdings's Piotroski F-Score falls into.


SSE:8104
71GF Score
Kuwazawa Holdings Corp SSE:8104
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 円1,078 Mil.
Cash Flow from Operations was 円2,545 Mil.
Revenue was 円64,802 Mil.
Gross Profit was 円9,721 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (41243 + 44296) / 2 = 円42769.5 Mil.
Total Assets at the begining of this year (Mar25) was 円41,243 Mil.
Long-Term Debt & Capital Lease Obligation was 円322 Mil.
Total Current Assets was 円34,805 Mil.
Total Current Liabilities was 円25,443 Mil.
Net Income was 円747 Mil.

Revenue was 円65,406 Mil.
Gross Profit was 円9,156 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (41748 + 41243) / 2 = 円41495.5 Mil.
Total Assets at the begining of last year (Mar24) was 円41,748 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,694 Mil.
Total Current Assets was 円32,188 Mil.
Total Current Liabilities was 円22,288 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Kuwazawa Holdings's current Net Income (TTM) was 1,078. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Kuwazawa Holdings's current Cash Flow from Operations (TTM) was 2,545. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=1078/41243
=0.02613777

ROA (Last Year)=Net Income/Total Assets (Mar24)
=747/41748
=0.01789307

Kuwazawa Holdings's return on assets of this year was 0.02613777. Kuwazawa Holdings's return on assets of last year was 0.01789307. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Kuwazawa Holdings's current Net Income (TTM) was 1,078. Kuwazawa Holdings's current Cash Flow from Operations (TTM) was 2,545. ==> 2,545 > 1,078 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=322/42769.5
=0.00752873

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1694/41495.5
=0.0408237

Kuwazawa Holdings's gearing of this year was 0.00752873. Kuwazawa Holdings's gearing of last year was 0.0408237. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=34805/25443
=1.36795975

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=32188/22288
=1.44418521

Kuwazawa Holdings's current ratio of this year was 1.36795975. Kuwazawa Holdings's current ratio of last year was 1.44418521. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Kuwazawa Holdings's number of shares in issue this year was 14.944. Kuwazawa Holdings's number of shares in issue last year was 15.04. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=9721/64802
=0.1500108

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9156/65406
=0.13998716

Kuwazawa Holdings's gross margin of this year was 0.1500108. Kuwazawa Holdings's gross margin of last year was 0.13998716. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=64802/41243
=1.57122421

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=65406/41748
=1.56668583

Kuwazawa Holdings's asset turnover of this year was 1.57122421. Kuwazawa Holdings's asset turnover of last year was 1.56668583. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+0+1+1+1
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Kuwazawa Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Kuwazawa Holdings (SSE:8104) has a Piotroski F-Score of 8 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kuwazawa Holdings and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Kuwazawa Holdings' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Kuwazawa Holdings ranks #11 out of 392 companies in the Building Materials industry, placing it in the top 2.8%.
Is Kuwazawa Holdings' Piotroski F-Score too high?
Kuwazawa Holdings' current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Building Materials industry median Piotroski F-Score is 5.00. Kuwazawa Holdings' value of 8 is 60% above this industry median. Based on the distribution chart, Kuwazawa Holdings ranks #11 out of 392 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Kuwazawa Holdings has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Kuwazawa Holdings' Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Kuwazawa Holdings ranks #11 out of 392 companies for Piotroski F-Score. This places Kuwazawa Holdings in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Kuwazawa Holdings' value of 8 is 60% above this benchmark. Historically, Kuwazawa Holdings' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Kuwazawa Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 392 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kuwazawa Holdings's current Piotroski F-Score of 8 is 60% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kuwazawa Holdings and its competitors. For the Building Materials industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kuwazawa Holdings's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuwazawa Holdings stock overvalued right now?
Kuwazawa Holdings (SSE:8104) has a current Piotroski F-Score of 8. The stock's GF Value™ is 円562.88, compared to a current price of 円610.00 — trading 8.4% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Building Materials industry median of 5.00. Kuwazawa Holdings' overall GF Score™ is 71/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Kuwazawa Holdings (SSE:8104), the current Piotroski F-Score is 8 as of Jun. 30, 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 Kuwazawa Holdings (SSE:8104) Overvalued in 2026?

Based on GuruFocus' analysis, Kuwazawa Holdings stock appears to be overvalued. The current stock price of 円610.00 is trading 8.4% above its estimated GF Value™ of 円562.88.

Key valuation signals for SSE:8104:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: 円562.88 vs. price of 円610.00 (8.4% above fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 60% above the Building Materials median (#11 of 392)

No single metric tells the full story. See the SSE:8104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kuwazawa Holdings Business Description

Other Exchanges 8104:Japan
Address 7-1-1, Chuo 2-7, Shiroishi-ku, Hokkaido Kuwazawa Group Headquarters Building, Sapporo, JPN, 003-8560
Kuwazawa Holdings Corp operates in the construction industry. The company is engaged in the sale of construction materials, such as cement, concrete, pile, concrete products, concrete admixture, shelf, water materials, general steel products, and others. It also has a leasing business.
71GF Score

Get the complete analysis for SSE:8104

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円610.00
Price
円562.88
GF Value