Hatch Work Co (TSE:148A) Piotroski F-Score: 6 (As of Jul. 04, 2026) — Near Median


TSE:148A Hatch Work Co Ltd TSE:148A
11 GF Score
Price 円1,666.00
! 2 Warning Signs
View Full Analysis

What is Hatch Work Co Piotroski F-Score?

Hatch Work Co TSE:148A -2.00% 11 Piotroski F-Score is 6 as of Jul. 04, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:148A with a GF Score™ of 11/100. The stock has 2 warning signs investors should review. Among 1,064 Business Services companies, Hatch Work Co ranks better than 72.18% 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

Hatch Work 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 Hatch Work Co's Piotroski F-Score or its related term are showing as below:

TSE:148A' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 6   Max: 7
Current: 6

During the past 5 years, the highest Piotroski F-Score of Hatch Work Co was 7. The lowest was 6. And the median was 6.

Hatch Work Co  (TSE:148A) 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.


Hatch Work Co Piotroski F-Score Related Terms


Hatch Work Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Hatch Work 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.

Hatch Work Co Piotroski F-Score Chart

Hatch Work Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 6.00 7.00 6.00

Hatch Work Co Quarterly Data
Dec21 Dec22 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 7.00 0.00 0.00 6.00 0.00

TSE:148A vs CTAS, CPRT, ULS: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, Hatch Work 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.


Hatch Work Co Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Hatch Work Co's Piotroski F-Score distribution charts can be found below:

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


TSE:148A
11GF Score
Hatch Work Co Ltd TSE:148A
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247 Mil.
Cash Flow from Operations was 円295 Mil.
Revenue was 円2,759 Mil.
Gross Profit was 円1,631 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2430.572 + 2884.716) / 2 = 円2657.644 Mil.
Total Assets at the begining of this year (Dec24) was 円2,431 Mil.
Long-Term Debt & Capital Lease Obligation was 円116 Mil.
Total Current Assets was 円2,425 Mil.
Total Current Liabilities was 円1,712 Mil.
Net Income was 円131 Mil.

Revenue was 円2,368 Mil.
Gross Profit was 円1,378 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1838.204 + 2430.572) / 2 = 円2134.388 Mil.
Total Assets at the begining of last year (Dec23) was 円1,838 Mil.
Long-Term Debt & Capital Lease Obligation was 円214 Mil.
Total Current Assets was 円2,103 Mil.
Total Current Liabilities was 円1,420 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.

Hatch Work Co's current Net Income (TTM) was 247. ==> 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.

Hatch Work Co's current Cash Flow from Operations (TTM) was 295. ==> 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)
=246.937/2430.572
=0.10159625

ROA (Last Year)=Net Income/Total Assets (Dec23)
=130.952/1838.204
=0.0712391

Hatch Work Co's return on assets of this year was 0.10159625. Hatch Work Co's return on assets of last year was 0.0712391. ==> 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.

Hatch Work Co's current Net Income (TTM) was 247. Hatch Work Co's current Cash Flow from Operations (TTM) was 295. ==> 295 > 247 ==> 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
=116.435/2657.644
=0.04381136

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=214.146/2134.388
=0.10033134

Hatch Work Co's gearing of this year was 0.04381136. Hatch Work Co's gearing of last year was 0.10033134. ==> 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
=2425.412/1712.489
=1.41630808

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2102.846/1420.487
=1.48036976

Hatch Work Co's current ratio of this year was 1.41630808. Hatch Work Co's current ratio of last year was 1.48036976. ==> 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.

Hatch Work Co's number of shares in issue this year was 1.995. Hatch Work Co's number of shares in issue last year was 1.89. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=1630.945/2759.255
=0.59108165

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1377.761/2367.523
=0.58194197

Hatch Work Co's gross margin of this year was 0.59108165. Hatch Work Co's gross margin of last year was 0.58194197. ==> 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)
=2759.255/2430.572
=1.13522866

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2367.523/1838.204
=1.28795444

Hatch Work Co's asset turnover of this year was 1.13522866. Hatch Work Co's asset turnover of last year was 1.28795444. ==> 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+1+1+1+0+0+1+0
=6

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

Hatch Work 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?
Hatch Work Co (TSE:148A) has a Piotroski F-Score of 6 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hatch Work Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Hatch Work Co's Piotroski F-Score has ranged from 6.00 to 7.00. According to the industry distribution chart, Hatch Work Co ranks #296 out of 1064 companies in the Business Services industry, placing it in the top 27.8%.
Is Hatch Work Co's Piotroski F-Score too high?
Hatch Work Co's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 7.00. The Business Services industry median Piotroski F-Score is 5.00. Hatch Work Co's value of 6 is 20% above this industry median. Based on the distribution chart, Hatch Work Co ranks #296 out of 1064 companies in the Business Services industry, which is above the industry midpoint. Overall, Hatch Work Co has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Hatch Work Co's Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Hatch Work Co ranks #296 out of 1064 companies for Piotroski F-Score. This puts Hatch Work Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Hatch Work Co's value of 6 is 20% above this benchmark. Historically, Hatch Work Co's own Piotroski F-Score has ranged from 6.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Hatch Work 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,064 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. Hatch Work 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 Hatch Work Co and its competitors. For the Business 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. Hatch Work Co's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hatch Work Co stock overvalued right now?
Hatch Work Co (TSE:148A) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Business Services industry median of 5.00. Hatch Work Co's overall GF Score™ is 11/100 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 Hatch Work Co (TSE:148A), the current Piotroski F-Score is 6 as of Jul. 04, 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.

Hatch Work Co Business Description

Address 1-1-1- Minami-Aoyama, Shin-Aoyama Building West Wing, 5th Floor, Minato-ku, Tokyo, JPN, 107-0062
Hatch Work Co Ltd is a Japan-based company operating digital platforms and management services for real estate and parking facilities. The company operates in two segments- Monthly Innovation Business which operates the At Parking Cloud online management system, a monthly parking lot search portal, intermediary services, and parking space-sharing solutions and Building innovation business providing commercial leasing, community office operations, and building maintenance and property management for office spaces.
11GF Score

Get the complete analysis for TSE:148A

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

円1,666.00
Price