Shinyei Kaisha (TSE:3004) Piotroski F-Score: 6 (As of Jul. 01, 2026) — 20% Above Median


TSE:3004 Shinyei Kaisha TSE:3004
62 GF Score
Price 円2,175.00
GF Value 円1,964.07
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Shinyei Kaisha Piotroski F-Score?

Shinyei Kaisha TSE:3004 -1.32% 62 Piotroski F-Score is 6 as of Jul. 01, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TSE:3004 with a GF Score™ of 62/100 and a GF Value™ of 円1,964.07 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 555 Conglomerates companies, Shinyei Kaisha ranks better than 72.07% 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

Shinyei Kaisha 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 Shinyei Kaisha's Piotroski F-Score or its related term are showing as below:

TSE:3004' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Shinyei Kaisha was 9. The lowest was 2. And the median was 5.

Shinyei Kaisha  (TSE:3004) 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.


Shinyei Kaisha Piotroski F-Score Related Terms


Shinyei Kaisha Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Shinyei Kaisha'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.

Shinyei Kaisha Piotroski F-Score Chart

Shinyei Kaisha 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 4.00 6.00 6.00 5.00 6.00

Shinyei Kaisha 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 6.00 0.00 5.00 0.00 6.00

TSE:3004 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, Shinyei Kaisha'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.


Shinyei Kaisha Piotroski F-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Shinyei Kaisha's Piotroski F-Score distribution charts can be found below:

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


TSE:3004
62GF Score
Shinyei Kaisha TSE:3004
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1,346 Mil.
Cash Flow from Operations was 円1,223 Mil.
Revenue was 円43,267 Mil.
Gross Profit was 円8,932 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (27562 + 29434) / 2 = 円28498 Mil.
Total Assets at the begining of this year (Mar25) was 円27,562 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,962 Mil.
Total Current Assets was 円18,333 Mil.
Total Current Liabilities was 円13,078 Mil.
Net Income was 円1,321 Mil.

Revenue was 円40,158 Mil.
Gross Profit was 円8,403 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (26574 + 27562) / 2 = 円27068 Mil.
Total Assets at the begining of last year (Mar24) was 円26,574 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,424 Mil.
Total Current Assets was 円17,502 Mil.
Total Current Liabilities was 円13,439 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.

Shinyei Kaisha's current Net Income (TTM) was 1,346. ==> 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.

Shinyei Kaisha's current Cash Flow from Operations (TTM) was 1,223. ==> 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)
=1346/27562
=0.04883535

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1321/26574
=0.04971024

Shinyei Kaisha's return on assets of this year was 0.04883535. Shinyei Kaisha's return on assets of last year was 0.04971024. ==> 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.

Shinyei Kaisha's current Net Income (TTM) was 1,346. Shinyei Kaisha's current Cash Flow from Operations (TTM) was 1,223. ==> 1,223 <= 1,346 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=3962/28498
=0.1390273

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4424/27068
=0.16344022

Shinyei Kaisha's gearing of this year was 0.1390273. Shinyei Kaisha's gearing of last year was 0.16344022. ==> 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
=18333/13078
=1.40181985

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=17502/13439
=1.30232904

Shinyei Kaisha's current ratio of this year was 1.40181985. Shinyei Kaisha's current ratio of last year was 1.30232904. ==> 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.

Shinyei Kaisha's number of shares in issue this year was 3.915. Shinyei Kaisha's number of shares in issue last year was 4.067. ==> 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
=8932/43267
=0.20643909

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8403/40158
=0.20924847

Shinyei Kaisha's gross margin of this year was 0.20643909. Shinyei Kaisha's gross margin of last year was 0.20924847. ==> Last year's gross margin is higher ==> Score 0.

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)
=43267/27562
=1.56980625

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=40158/26574
=1.51117634

Shinyei Kaisha's asset turnover of this year was 1.56980625. Shinyei Kaisha's asset turnover of last year was 1.51117634. ==> 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+0+0+1+1+1+0+1
=6

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

Shinyei Kaisha 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?
Shinyei Kaisha (TSE:3004) has a Piotroski F-Score of 6 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shinyei Kaisha and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Shinyei Kaisha's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Shinyei Kaisha ranks #155 out of 555 companies in the Conglomerates industry, placing it in the top 27.9%.
Is Shinyei Kaisha's Piotroski F-Score too high?
Shinyei Kaisha'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 9.00. The Conglomerates industry median Piotroski F-Score is 5.00. Shinyei Kaisha's value of 6 is 20% above this industry median. Based on the distribution chart, Shinyei Kaisha ranks #155 out of 555 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Shinyei Kaisha has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinyei Kaisha's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Shinyei Kaisha ranks #155 out of 555 companies for Piotroski F-Score. This puts Shinyei Kaisha in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Shinyei Kaisha's value of 6 is 20% above this benchmark. Historically, Shinyei Kaisha's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Shinyei Kaisha 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 555 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. Shinyei Kaisha'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 Shinyei Kaisha and its competitors. For the Conglomerates 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. Shinyei Kaisha'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 Shinyei Kaisha stock overvalued right now?
Based on GuruFocus' analysis, Shinyei Kaisha (TSE:3004) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,964.07, compared to a current price of 円2,175.00 — trading 10.7% 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 Conglomerates industry median of 5.00. Shinyei Kaisha's overall GF Score™ is 62/100 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 Shinyei Kaisha (TSE:3004), the current Piotroski F-Score is 6 as of Jul. 01, 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 Shinyei Kaisha (TSE:3004) Overvalued in 2026?

Based on GuruFocus' analysis, Shinyei Kaisha stock appears to be overvalued. The current stock price of 円2,175.00 is trading 10.7% above its estimated GF Value™ of 円1,964.07. GuruFocus considers Shinyei Kaisha to be Modestly Overvalued.

Key valuation signals for TSE:3004:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: 円1,964.07 vs. price of 円2,175.00 (10.7% above fair value)
  • GF Score™: 62/100 with 2 warning signs
  • Industry Position: 20% above the Conglomerates median (#155 of 555)

No single metric tells the full story. See the TSE:3004 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shinyei Kaisha Business Description

Address 77-1 Kyomachi, Chuo-ku, Kobe, JPN, 651-0178
Shinyei Kaisha is engaged in the wholesale and retail of textiles, electronics, foodstuffs, and industrial materials in Japan. The company is involved in the retail sale of apparel and fashion accessories. In addition, it procures, processes, and exports frozen and fresh vegetables, frozen processed foods, and frozen marine products; and peanuts and nuts, spices, and additives.
62GF Score

Get the complete analysis for TSE:3004

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

円2,175.00
Price
円1,964.07
GF Value