Nakamichi leasing Co (SSE:8594) Piotroski F-Score: 6 (As of Jul. 22, 2026) — 20% Above Median

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SSE:8594 Nakamichi leasing Co Ltd SSE:8594
65 GF Score
Price 円676.00
GF Value 円675.82
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Nakamichi leasing Co Piotroski F-Score?

Nakamichi leasing Co SSE:8594 -0.44% 65 Piotroski F-Score is 6 as of Jul. 22, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates SSE:8594 with a GF Score™ of 65/100 and a GF Value™ of 円675.82 (Fairly Valued). The stock has 2 warning signs investors should review. Among 534 Credit Services companies, Nakamichi leasing Co ranks better than 80.52% on this metric.

The zones of discrimination were as such:

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

Nakamichi leasing Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

SSE:8594' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Nakamichi leasing Co was 7. The lowest was 2. And the median was 5.

Nakamichi leasing Co  (SSE:8594) 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.


Nakamichi leasing Co Piotroski F-Score Related Terms


Nakamichi leasing Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nakamichi leasing Co'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.

Nakamichi leasing Co Piotroski F-Score Chart

Nakamichi leasing Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 5.00 5.00 7.00 6.00

Nakamichi leasing Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.00 0.00 0.00 6.00 0.00

SSE:8594 vs V, MA, AXP: Piotroski F-Score Comparison

For the Credit Services subindustry, Nakamichi leasing Co'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.


Nakamichi leasing Co Piotroski F-Score vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Nakamichi leasing Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Nakamichi leasing Co's Piotroski F-Score falls into.


SSE:8594
65GF Score
Nakamichi leasing Co Ltd SSE:8594
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 円1,109 Mil.
Cash Flow from Operations was 円3,400 Mil.
Revenue was 円51,234 Mil.
Gross Profit was 円4,655 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (158622.881 + 153398.09) / 2 = 円156010.4855 Mil.
Total Assets at the begining of this year (Dec24) was 円158,623 Mil.
Long-Term Debt & Capital Lease Obligation was 円70,623 Mil.
Total Current Assets was 円125,737 Mil.
Total Current Liabilities was 円50,145 Mil.
Net Income was 円1,234 Mil.

Revenue was 円49,540 Mil.
Gross Profit was 円4,021 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (151446.899 + 158622.881) / 2 = 円155034.89 Mil.
Total Assets at the begining of last year (Dec23) was 円151,447 Mil.
Long-Term Debt & Capital Lease Obligation was 円78,383 Mil.
Total Current Assets was 円130,219 Mil.
Total Current Liabilities was 円47,501 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.

Nakamichi leasing Co's current Net Income (TTM) was 1,109. ==> 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.

Nakamichi leasing Co's current Cash Flow from Operations (TTM) was 3,400. ==> 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 (Dec24)
=1108.99/158622.881
=0.00699136

ROA (Last Year)=Net Income/Total Assets (Dec23)
=1234.492/151446.899
=0.00815132

Nakamichi leasing Co's return on assets of this year was 0.00699136. Nakamichi leasing Co's return on assets of last year was 0.00815132. ==> Last year is higher ==> Score 0.

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.

Nakamichi leasing Co's current Net Income (TTM) was 1,109. Nakamichi leasing Co's current Cash Flow from Operations (TTM) was 3,400. ==> 3,400 > 1,109 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=70623.136/156010.4855
=0.45268198

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=78383.468/155034.89
=0.50558599

Nakamichi leasing Co's gearing of this year was 0.45268198. Nakamichi leasing Co's gearing of last year was 0.50558599. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=125737.415/50145.181
=2.50746757

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=130219.21/47500.64
=2.74142012

Nakamichi leasing Co's current ratio of this year was 2.50746757. Nakamichi leasing Co's current ratio of last year was 2.74142012. ==> 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.

Nakamichi leasing Co's number of shares in issue this year was 7.43. Nakamichi leasing Co's number of shares in issue last year was 7.455. ==> 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
=4654.814/51233.506
=0.09085488

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4020.94/49540.252
=0.08116511

Nakamichi leasing Co's gross margin of this year was 0.09085488. Nakamichi leasing Co's gross margin of last year was 0.08116511. ==> 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 (Dec24)
=51233.506/158622.881
=0.32298938

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=49540.252/151446.899
=0.32711302

Nakamichi leasing Co's asset turnover of this year was 0.32298938. Nakamichi leasing Co's asset turnover of last year was 0.32711302. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

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

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

Nakamichi leasing Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
Nakamichi leasing Co (SSE:8594) has a Piotroski F-Score of 6 as of Jul. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nakamichi leasing Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Nakamichi leasing Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Nakamichi leasing Co ranks #104 out of 534 companies in the Credit Services industry, placing it in the top 19.5%.
Is Nakamichi leasing Co's Piotroski F-Score too high?
Nakamichi leasing Co's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Credit Services industry median Piotroski F-Score is 5.00. Nakamichi leasing Co's value of 6 is 20% above this industry median. Based on the distribution chart, Nakamichi leasing Co ranks #104 out of 534 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Nakamichi leasing Co has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nakamichi leasing Co's Piotroski F-Score compare to V and MA?
According to the Credit Services industry distribution chart, Nakamichi leasing Co ranks #104 out of 534 companies for Piotroski F-Score. This places Nakamichi leasing Co in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Nakamichi leasing Co's value of 6 is 20% above this benchmark. Historically, Nakamichi leasing Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Nakamichi leasing Co 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 Credit Services company?
The median Piotroski F-Score among Credit Services companies is 5.00, based on 534 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. Nakamichi leasing Co's current Piotroski F-Score of 6 is 20% 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 Nakamichi leasing Co and its competitors. For the Credit Services 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. Nakamichi leasing Co's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nakamichi leasing Co stock overvalued right now?
Based on GuruFocus' analysis, Nakamichi leasing Co (SSE:8594) is currently considered Fairly Valued. The stock's GF Value™ is 円675.82, compared to a current price of 円676.00 — trading 0% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Credit Services industry median of 5.00. Nakamichi leasing Co's overall GF Score™ is 65/100 with 2 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 Nakamichi leasing Co (SSE:8594), the current Piotroski F-Score is 6 as of Jul. 22, 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 Nakamichi leasing Co (SSE:8594) Overvalued in 2026?

Based on GuruFocus' analysis, Nakamichi leasing Co stock appears to be overvalued. The current stock price of 円676.00 is trading 0% above its estimated GF Value™ of 円675.82. GuruFocus considers Nakamichi leasing Co to be Fairly Valued.

Key valuation signals for SSE:8594:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: 円675.82 vs. price of 円676.00 (0% above fair value)
  • GF Score™: 65/100 with 2 warning signs
  • Industry Position: 20% above the Credit Services median (#104 of 534)

No single metric tells the full story. See the SSE:8594 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nakamichi leasing Co Business Description

Address 1-3-3 Higashi Kita-Ichijo, Chuo-ku, Sapporo, JPN, 060-8539
Nakamichi leasing Co Ltd is a Japanese firm which provides general leasing services. It offers finance lease, deferred payment sale (installment) transaction, car and automobile leasing, and financing activities. It has a space system which provides rental service and it also provides comprehensive energy conservation service.
65GF Score

Get the complete analysis for SSE:8594

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

円676.00
Price
円675.82
GF Value