Izawa Towel Co (TSE:365A) Piotroski F-Score: 7 (As of Jul. 23, 2026) — Near Median

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TSE:365A Izawa Towel Co Ltd TSE:365A
15 GF Score
Price 円798.00
! 1 Warning Sign
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What is Izawa Towel Co Piotroski F-Score?

Izawa Towel Co TSE:365A +2.18% 15 Piotroski F-Score is 7 as of Jul. 23, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSE:365A with a GF Score™ of 15/100. The stock has 1 warning sign investors should review. Among 1,050 Manufacturing - Apparel & Accessories companies, Izawa Towel Co ranks better than 90.95% on this metric.

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

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

TSE:365A' s Piotroski F-Score Range Over the Past 10 Years
Min: 7   Med: 7   Max: 7
Current: 7

During the past 3 years, the highest Piotroski F-Score of Izawa Towel Co was 7. The lowest was 7. And the median was 7.

Izawa Towel Co  (TSE:365A) 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.


Izawa Towel Co Piotroski F-Score Related Terms


Izawa Towel Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Izawa Towel 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.

Izawa Towel Co Piotroski F-Score Chart

Izawa Towel Co Annual Data
Trend Feb24 Feb25 Feb26
Piotroski F-Score
N/A N/A 7.00

Izawa Towel Co Semi-Annual Data
Feb24 Feb25 Aug25 Feb26
Piotroski F-Score N/A N/A 0.00 7.00

Izawa Towel Co Piotroski F-Score Competitor Comparison

For the Textile Manufacturing subindustry, Izawa Towel 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.


Izawa Towel Co Piotroski F-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Izawa Towel Co's Piotroski F-Score distribution charts can be found below:

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


TSE:365A
15GF Score
Izawa Towel Co Ltd TSE:365A
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 円726 Mil.
Cash Flow from Operations was 円318 Mil.
Revenue was 円10,283 Mil.
Gross Profit was 円2,249 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was (8380.076 + 8476.887) / 2 = 円8428.4815 Mil.
Total Assets at the begining of this year (Feb25) was 円8,380 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,835 Mil.
Total Current Assets was 円4,279 Mil.
Total Current Liabilities was 円1,505 Mil.
Net Income was 円579 Mil.

Revenue was 円9,825 Mil.
Gross Profit was 円2,034 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was (9089.23 + 8380.076) / 2 = 円8734.653 Mil.
Total Assets at the begining of last year (Feb24) was 円9,089 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,065 Mil.
Total Current Assets was 円4,195 Mil.
Total Current Liabilities was 円1,433 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.

Izawa Towel Co's current Net Income (TTM) was 726. ==> 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.

Izawa Towel Co's current Cash Flow from Operations (TTM) was 318. ==> 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 (Feb25)
=726.067/8380.076
=0.08664205

ROA (Last Year)=Net Income/Total Assets (Feb24)
=578.533/9089.23
=0.06365039

Izawa Towel Co's return on assets of this year was 0.08664205. Izawa Towel Co's return on assets of last year was 0.06365039. ==> 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.

Izawa Towel Co's current Net Income (TTM) was 726. Izawa Towel Co's current Cash Flow from Operations (TTM) was 318. ==> 318 <= 726 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=2835/8428.4815
=0.33635952

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=3065/8734.653
=0.35090117

Izawa Towel Co's gearing of this year was 0.33635952. Izawa Towel Co's gearing of last year was 0.35090117. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=4279.267/1505.25
=2.84289454

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=4194.779/1432.805
=2.92766915

Izawa Towel Co's current ratio of this year was 2.84289454. Izawa Towel Co's current ratio of last year was 2.92766915. ==> 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.

Izawa Towel Co's number of shares in issue this year was 9.994. Izawa Towel Co's number of shares in issue last year was 10. ==> 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
=2249.009/10283.187
=0.21870739

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2034.312/9825.36
=0.20704707

Izawa Towel Co's gross margin of this year was 0.21870739. Izawa Towel Co's gross margin of last year was 0.20704707. ==> 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 (Feb25)
=10283.187/8380.076
=1.22709949

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=9825.36/9089.23
=1.08098926

Izawa Towel Co's asset turnover of this year was 1.22709949. Izawa Towel Co's asset turnover of last year was 1.08098926. ==> 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+1+0+1+0+1+1+1
=7

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

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

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Izawa Towel Co (TSE:365A) has a Piotroski F-Score of 7 as of Jul. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Izawa Towel Co and its competitors. This is near median its historical median of 7.00. Over the past decade, Izawa Towel Co's Piotroski F-Score has ranged from 7.00 to 7.00. According to the industry distribution chart, Izawa Towel Co ranks #95 out of 1050 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 9%.
Is Izawa Towel Co's Piotroski F-Score too high?
Izawa Towel Co's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 7.00 to a high of 7.00. The Manufacturing - Apparel & Accessories industry median Piotroski F-Score is 5.00. Izawa Towel Co's value of 7 is 40% above this industry median. Based on the distribution chart, Izawa Towel Co ranks #95 out of 1050 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Izawa Towel Co has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Izawa Towel Co's Piotroski F-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Izawa Towel Co ranks #95 out of 1050 companies for Piotroski F-Score. This places Izawa Towel Co in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Izawa Towel Co's value of 7 is 40% above this benchmark. Historically, Izawa Towel Co's own Piotroski F-Score has ranged from 7.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Izawa Towel 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 Manufacturing - Apparel & Accessories company?
The median Piotroski F-Score among Manufacturing - Apparel & Accessories companies is 5.00, based on 1,050 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. Izawa Towel Co's current Piotroski F-Score of 7 is 40% 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 Izawa Towel Co and its competitors. For the Manufacturing - Apparel & Accessories 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. Izawa Towel Co's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Izawa Towel Co stock overvalued right now?
Izawa Towel Co (TSE:365A) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Manufacturing - Apparel & Accessories industry median of 5.00. Izawa Towel Co's overall GF Score™ is 15/100 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 Izawa Towel Co (TSE:365A), the current Piotroski F-Score is 7 as of Jul. 23, 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.

Izawa Towel Co Business Description

Address 1-26-6 Ebisunishi, Shibuya-ku, Tokyo, JPN, 150-0021
Izawa Towel Co Ltd manufacturer and distributor of towel products. The company products such as face towels, bath towels, oshibori (wet hand towels), towel blankets, and towel sheets.
15GF Score

Get the complete analysis for TSE:365A

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

円798.00
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