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Kuriyama Holdings (TSE:3355) Piotroski F-Score : 7 (As of Mar. 03, 2025)


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What is Kuriyama Holdings Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, 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

Kuriyama Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:3355' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Kuriyama Holdings was 8. The lowest was 3. And the median was 6.


Kuriyama Holdings Piotroski F-Score Historical Data

The historical data trend for Kuriyama 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.

* Premium members only.

Kuriyama Holdings Piotroski F-Score Chart

Kuriyama Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 5.00 7.00 3.00 6.00

Kuriyama Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 5.00 6.00 6.00 7.00

Competitive Comparison of Kuriyama Holdings's Piotroski F-Score

For the Industrial Distribution subindustry, Kuriyama 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.


Kuriyama Holdings's Piotroski F-Score Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Kuriyama Holdings's Piotroski F-Score distribution charts can be found below:

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


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 (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was 923.006 + 1075.009 + 994.299 + 1115.037 = 円4,107 Mil.
Cash Flow from Operations was 896.611 + 1099.07 + 1099.856 + 3533.196 = 円6,629 Mil.
Revenue was 18457.041 + 16517.408 + 20009.846 + 20316.487 = 円75,301 Mil.
Gross Profit was 5590.702 + 4899.062 + 6318.159 + 6498.968 = 円23,307 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(66915.648 + 67715.218 + 64537.807 + 71150.016 + 73480.871) / 5 = 円68759.912 Mil.
Total Assets at the begining of this year (Jun23) was 円66,916 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,505 Mil.
Total Current Assets was 円46,625 Mil.
Total Current Liabilities was 円18,845 Mil.
Net Income was 747.148 + 961.686 + 1069.156 + 726.304 = 円3,504 Mil.

Revenue was 18808.125 + 17725.067 + 18434.803 + 18263.738 = 円73,232 Mil.
Gross Profit was 4956.751 + 5346.474 + 5441.859 + 5269.082 = 円21,014 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(60616.831 + 63762.918 + 62909.126 + 64387.389 + 66915.648) / 5 = 円63718.3824 Mil.
Total Assets at the begining of last year (Jun22) was 円60,617 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,191 Mil.
Total Current Assets was 円44,245 Mil.
Total Current Liabilities was 円21,946 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.

Kuriyama Holdings's current Net Income (TTM) was 4,107. ==> 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.

Kuriyama Holdings's current Cash Flow from Operations (TTM) was 6,629. ==> 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 (Jun23)
=4107.351/66915.648
=0.06138102

ROA (Last Year)=Net Income/Total Assets (Jun22)
=3504.294/60616.831
=0.05781058

Kuriyama Holdings's return on assets of this year was 0.06138102. Kuriyama Holdings's return on assets of last year was 0.05781058. ==> 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.

Kuriyama Holdings's current Net Income (TTM) was 4,107. Kuriyama Holdings's current Cash Flow from Operations (TTM) was 6,629. ==> 6,629 > 4,107 ==> 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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=2505.277/68759.912
=0.03643514

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=3190.93/63718.3824
=0.05007864

Kuriyama Holdings's gearing of this year was 0.03643514. Kuriyama Holdings's gearing of last year was 0.05007864. ==> 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: Jun24)=Total Current Assets/Total Current Liabilities
=46624.975/18844.903
=2.47414248

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=44244.504/21945.616
=2.01609761

Kuriyama Holdings's current ratio of this year was 2.47414248. Kuriyama Holdings's current ratio of last year was 2.01609761. ==> 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.

Kuriyama Holdings's number of shares in issue this year was 19.596. Kuriyama Holdings's number of shares in issue last year was 19.589. ==> 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
=23306.891/75300.782
=0.30951725

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=21014.166/73231.733
=0.28695437

Kuriyama Holdings's gross margin of this year was 0.30951725. Kuriyama Holdings's gross margin of last year was 0.28695437. ==> 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 (Jun23)
=75300.782/66915.648
=1.12530902

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=73231.733/60616.831
=1.2081089

Kuriyama Holdings's asset turnover of this year was 1.12530902. Kuriyama Holdings's asset turnover of last year was 1.2081089. ==> 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+1+0+1+0
=7

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

Kuriyama Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Kuriyama Holdings  (TSE:3355) 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.


Kuriyama Holdings Piotroski F-Score Related Terms

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Kuriyama Holdings Business Description

Traded in Other Exchanges
N/A
Address
25th Floor Matsushita, IMP Building, 3-7, Shiromi 1-Chome, Cyuo-Ku, Osaka, JPN, 540-6325
Kuriyama Holdings Corp specializes mainly in the sale and application of rubber and plastic components for corporate customers not only in Japan but also overseas. It is engaged in the manufacture, sale and construction of materials for industrial, construction, sports facilities mainly made of rubber and synthetic resin products.

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