Kitoku Shinryo Co (TSE:2700) Piotroski F-Score: 6 (As of Jul. 03, 2026) — Near Median


TSE:2700 Kitoku Shinryo Co Ltd TSE:2700
64 GF Score
Price 円1,798.00
GF Value 円1,793.39
Valuation Fairly Valued
! 3 Warning Signs
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What is Kitoku Shinryo Co Piotroski F-Score?

Kitoku Shinryo Co TSE:2700 +0.78% 64 Piotroski F-Score is 6 as of Jul. 03, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:2700 with a GF Score™ of 64/100 and a GF Value™ of 円1,793.39 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Kitoku Shinryo Co ranks better than 73.34% 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

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

TSE:2700' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Kitoku Shinryo Co was 8. The lowest was 4. And the median was 6.

Kitoku Shinryo Co  (TSE:2700) 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.


Kitoku Shinryo Co Piotroski F-Score Related Terms


Kitoku Shinryo Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kitoku Shinryo 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.

Kitoku Shinryo Co Piotroski F-Score Chart

Kitoku Shinryo 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 8.00 7.00 8.00 4.00 6.00

Kitoku Shinryo Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 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 0.00 6.00 0.00

TSE:2700 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Kitoku Shinryo 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.


Kitoku Shinryo Co Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kitoku Shinryo Co's Piotroski F-Score distribution charts can be found below:

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


TSE:2700
64GF Score
Kitoku Shinryo Co Ltd TSE:2700
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5,521 Mil.
Cash Flow from Operations was 円-1,166 Mil.
Revenue was 円176,191 Mil.
Gross Profit was 円15,741 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (40169.834 + 56612.879) / 2 = 円48391.3565 Mil.
Total Assets at the begining of this year (Dec24) was 円40,170 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,589 Mil.
Total Current Assets was 円46,305 Mil.
Total Current Liabilities was 円32,725 Mil.
Net Income was 円1,724 Mil.

Revenue was 円118,999 Mil.
Gross Profit was 円9,030 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (32106.141 + 40169.834) / 2 = 円36137.9875 Mil.
Total Assets at the begining of last year (Dec23) was 円32,106 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,047 Mil.
Total Current Assets was 円30,230 Mil.
Total Current Liabilities was 円21,994 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.

Kitoku Shinryo Co's current Net Income (TTM) was 5,521. ==> 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.

Kitoku Shinryo Co's current Cash Flow from Operations (TTM) was -1,166. ==> Negative ==> Score 0.

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)
=5520.514/40169.834
=0.13742935

ROA (Last Year)=Net Income/Total Assets (Dec23)
=1723.905/32106.141
=0.05369393

Kitoku Shinryo Co's return on assets of this year was 0.13742935. Kitoku Shinryo Co's return on assets of last year was 0.05369393. ==> 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.

Kitoku Shinryo Co's current Net Income (TTM) was 5,521. Kitoku Shinryo Co's current Cash Flow from Operations (TTM) was -1,166. ==> -1,166 <= 5,521 ==> CFROA <= ROA ==> Score 0.

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
=2588.913/48391.3565
=0.05349949

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2047.376/36137.9875
=0.0566544

Kitoku Shinryo Co's gearing of this year was 0.05349949. Kitoku Shinryo Co's gearing of last year was 0.0566544. ==> 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
=46305.137/32725.116
=1.41497243

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=30229.571/21993.611
=1.37447057

Kitoku Shinryo Co's current ratio of this year was 1.41497243. Kitoku Shinryo Co's current ratio of last year was 1.37447057. ==> This year's current ratio is higher. ==> Score 1.

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.

Kitoku Shinryo Co's number of shares in issue this year was 8.174. Kitoku Shinryo Co's number of shares in issue last year was 8.126. ==> 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
=15741.135/176191.339
=0.08934114

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9030.167/118998.507
=0.07588471

Kitoku Shinryo Co's gross margin of this year was 0.08934114. Kitoku Shinryo Co's gross margin of last year was 0.07588471. ==> 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)
=176191.339/40169.834
=4.3861605

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=118998.507/32106.141
=3.70640953

Kitoku Shinryo Co's asset turnover of this year was 4.3861605. Kitoku Shinryo Co's asset turnover of last year was 3.70640953. ==> 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+0+1+0+1+1+0+1+1
=6

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

Kitoku Shinryo 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?
Kitoku Shinryo Co (TSE:2700) has a Piotroski F-Score of 6 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kitoku Shinryo Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Kitoku Shinryo Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Kitoku Shinryo Co ranks #509 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 26.7%.
Is Kitoku Shinryo Co's Piotroski F-Score too high?
Kitoku Shinryo 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 4.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Kitoku Shinryo Co's value of 6 is 20% above this industry median. Based on the distribution chart, Kitoku Shinryo Co ranks #509 out of 1909 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Kitoku Shinryo Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kitoku Shinryo Co's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Kitoku Shinryo Co ranks #509 out of 1909 companies for Piotroski F-Score. This puts Kitoku Shinryo Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Kitoku Shinryo Co's value of 6 is 20% above this benchmark. Historically, Kitoku Shinryo Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Kitoku Shinryo 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,909 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. Kitoku Shinryo 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 Kitoku Shinryo Co and its competitors. For the Consumer Packaged Goods 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. Kitoku Shinryo 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 Kitoku Shinryo Co stock overvalued right now?
Based on GuruFocus' analysis, Kitoku Shinryo Co (TSE:2700) is currently considered Fairly Valued. The stock's GF Value™ is 円1,793.39, compared to a current price of 円1,798.00 — trading 0.3% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Kitoku Shinryo Co's overall GF Score™ is 64/100 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 Kitoku Shinryo Co (TSE:2700), the current Piotroski F-Score is 6 as of Jul. 03, 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 Kitoku Shinryo Co (TSE:2700) Overvalued in 2026?

Based on GuruFocus' analysis, Kitoku Shinryo Co stock appears to be overvalued. The current stock price of 円1,798.00 is trading 0.3% above its estimated GF Value™ of 円1,793.39. GuruFocus considers Kitoku Shinryo Co to be Fairly Valued.

Key valuation signals for TSE:2700:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円1,793.39 vs. price of 円1,798.00 (0.3% above fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#509 of 1909)

No single metric tells the full story. See the TSE:2700 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kitoku Shinryo Co Business Description

Address 2-8 Kanda Ogawacho, Kitokushinryo Ogawamachi Building, Chiyoda-ku, Tokyo, JPN, 101-0052
Kitoku Shinryo Co Ltd is engaged in business of processing rice, feed, rice products , and overseas operations. The company has four reportable segments: Rice business, Feed business, Egg business, and Food business. It derives maximum revenue from Rice Business.
64GF Score

Get the complete analysis for TSE:2700

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

円1,798.00
Price
円1,793.39
GF Value