Mirairo (TSE:335A) Piotroski F-Score: 6 (As of Jul. 17, 2026) — Near Median

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TSE:335A Mirairo Inc TSE:335A
20 GF Score
Price 円337.00
! 1 Warning Sign
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What is Mirairo Piotroski F-Score?

Mirairo TSE:335A -1.17% 20 Piotroski F-Score is 6 as of Jul. 17, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:335A with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 2,737 Software companies, Mirairo ranks better than 78.59% 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

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

TSE:335A' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 6   Max: 6
Current: 6

During the past 3 years, the highest Piotroski F-Score of Mirairo was 6. The lowest was 6. And the median was 6.

Mirairo  (TSE:335A) 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.


Mirairo Piotroski F-Score Related Terms


Mirairo Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mirairo'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.

Mirairo Piotroski F-Score Chart

Mirairo Annual Data
Trend Sep23 Sep24 Sep25
Piotroski F-Score
N/A N/A 6.00

Mirairo Quarterly Data
Sep23 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 0.00 0.00 6.00 0.00 0.00

TSE:335A vs UBER, SHOP, CRM: Piotroski F-Score Comparison

For the Software - Application subindustry, Mirairo'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.


Mirairo Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Mirairo's Piotroski F-Score distribution charts can be found below:

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


TSE:335A
20GF Score
Mirairo Inc TSE:335A
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was 円81.5 Mil.
Cash Flow from Operations was 円179.1 Mil.
Revenue was 円832.3 Mil.
Gross Profit was 円557.2 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (700.818 + 1171.979) / 2 = 円936.3985 Mil.
Total Assets at the begining of this year (Sep24) was 円700.8 Mil.
Long-Term Debt & Capital Lease Obligation was 円51.3 Mil.
Total Current Assets was 円1,025.5 Mil.
Total Current Liabilities was 円238.0 Mil.
Net Income was 円178.9 Mil.

Revenue was 円709.6 Mil.
Gross Profit was 円460.2 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (539.556 + 700.818) / 2 = 円620.187 Mil.
Total Assets at the begining of last year (Sep23) was 円539.6 Mil.
Long-Term Debt & Capital Lease Obligation was 円130.4 Mil.
Total Current Assets was 円538.9 Mil.
Total Current Liabilities was 円232.6 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.

Mirairo's current Net Income (TTM) was 81.5. ==> 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.

Mirairo's current Cash Flow from Operations (TTM) was 179.1. ==> 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 (Sep24)
=81.472/700.818
=0.11625272

ROA (Last Year)=Net Income/Total Assets (Sep23)
=178.857/539.556
=0.33148922

Mirairo's return on assets of this year was 0.11625272. Mirairo's return on assets of last year was 0.33148922. ==> 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.

Mirairo's current Net Income (TTM) was 81.5. Mirairo's current Cash Flow from Operations (TTM) was 179.1. ==> 179.1 > 81.5 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=51.278/936.3985
=0.05476087

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=130.446/620.187
=0.21033333

Mirairo's gearing of this year was 0.05476087. Mirairo's gearing of last year was 0.21033333. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=1025.478/237.992
=4.30887593

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=538.854/232.559
=2.31706363

Mirairo's current ratio of this year was 4.30887593. Mirairo's current ratio of last year was 2.31706363. ==> 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.

Mirairo's number of shares in issue this year was 10.379. Mirairo's number of shares in issue last year was 5.225. ==> 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
=557.16/832.291
=0.66942932

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=460.162/709.561
=0.64851648

Mirairo's gross margin of this year was 0.66942932. Mirairo's gross margin of last year was 0.64851648. ==> 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 (Sep24)
=832.291/700.818
=1.18759935

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=709.561/539.556
=1.31508314

Mirairo's asset turnover of this year was 1.18759935. Mirairo's asset turnover of last year was 1.31508314. ==> 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+1+0+1+0
=6

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

Mirairo 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?
Mirairo (TSE:335A) has a Piotroski F-Score of 6 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mirairo and its competitors. This is near median its historical median of 6.00. Over the past decade, Mirairo's Piotroski F-Score has ranged from 6.00 to 6.00. According to the industry distribution chart, Mirairo ranks #586 out of 2737 companies in the Software industry, placing it in the top 21.4%.
Is Mirairo's Piotroski F-Score too high?
Mirairo'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 6.00. The Software industry median Piotroski F-Score is 5.00. Mirairo's value of 6 is 20% above this industry median. Based on the distribution chart, Mirairo ranks #586 out of 2737 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Mirairo has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Mirairo's Piotroski F-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Mirairo ranks #586 out of 2737 companies for Piotroski F-Score. This places Mirairo in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Mirairo's value of 6 is 20% above this benchmark. Historically, Mirairo's own Piotroski F-Score has ranged from 6.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Mirairo 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,737 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. Mirairo'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 Mirairo and its competitors. For the Software 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. Mirairo'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 Mirairo stock overvalued right now?
Mirairo (TSE:335A) 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 Software industry median of 5.00. Mirairo's overall GF Score™ is 20/100 with 1 warning sign 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 Mirairo (TSE:335A), the current Piotroski F-Score is 6 as of Jul. 17, 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.

Mirairo Business Description

Address 3-8-15 Nishi Nakajima, EPO SHINOSAKA BUILDING 8th Floor, Yodogawa Ward, Osaka, JPN, 532-0011
Mirairo Inc is engaged in the following services:- (1) Planning, design, development, and provision of a digital disability identification app Mirairo ID (2) Training, research and consulting services related to universal design (3) Provision of sign language courses and information access services, including the dispatch of sign language interpreters and remote interpretation.
20GF Score

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

円337.00
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