Kinjiro Co (TSE:4013) Piotroski F-Score: 7 (As of Jul. 16, 2026) — Near Median

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TSE:4013 Kinjiro Co Ltd TSE:4013
84 GF Score
Price 円701.00
GF Value 円869.30
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Kinjiro Co Piotroski F-Score?

Kinjiro Co TSE:4013 +0.14% 84 Piotroski F-Score is 7 as of Jul. 16, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSE:4013 with a GF Score™ of 84/100 and a GF Value™ of 円869.30 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,737 Software companies, Kinjiro Co ranks better than 91.82% 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

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

TSE:4013' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 7
Current: 7

During the past 8 years, the highest Piotroski F-Score of Kinjiro Co was 7. The lowest was 4. And the median was 7.

Kinjiro Co  (TSE:4013) 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.


Kinjiro Co Piotroski F-Score Related Terms


Kinjiro Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kinjiro 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.

Kinjiro Co Piotroski F-Score Chart

Kinjiro Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 4.00 7.00 5.00 7.00 7.00

Kinjiro Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 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 0.00 0.00 0.00 7.00 0.00

TSE:4013 vs UBER, SHOP, CRM: Piotroski F-Score Comparison

For the Software - Application subindustry, Kinjiro 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.


Kinjiro Co Piotroski F-Score vs Software Industry

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

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


TSE:4013
84GF Score
Kinjiro Co Ltd TSE:4013
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1,013 Mil.
Cash Flow from Operations was 円2,201 Mil.
Revenue was 円5,370 Mil.
Gross Profit was 円3,655 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (12814.312 + 13733.419) / 2 = 円13273.8655 Mil.
Total Assets at the begining of this year (Dec24) was 円12,814 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,624 Mil.
Total Current Assets was 円6,030 Mil.
Total Current Liabilities was 円1,525 Mil.
Net Income was 円462 Mil.

Revenue was 円4,377 Mil.
Gross Profit was 円2,651 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (12787.232 + 12814.312) / 2 = 円12800.772 Mil.
Total Assets at the begining of last year (Dec23) was 円12,787 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,915 Mil.
Total Current Assets was 円5,226 Mil.
Total Current Liabilities was 円1,200 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.

Kinjiro Co's current Net Income (TTM) was 1,013. ==> 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.

Kinjiro Co's current Cash Flow from Operations (TTM) was 2,201. ==> 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 (Dec24)
=1013.085/12814.312
=0.07905887

ROA (Last Year)=Net Income/Total Assets (Dec23)
=461.849/12787.232
=0.03611798

Kinjiro Co's return on assets of this year was 0.07905887. Kinjiro Co's return on assets of last year was 0.03611798. ==> 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.

Kinjiro Co's current Net Income (TTM) was 1,013. Kinjiro Co's current Cash Flow from Operations (TTM) was 2,201. ==> 2,201 > 1,013 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=1623.606/13273.8655
=0.12231599

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1915.342/12800.772
=0.14962707

Kinjiro Co's gearing of this year was 0.12231599. Kinjiro Co's gearing of last year was 0.14962707. ==> 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
=6030.355/1525.349
=3.9534264

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=5226.459/1200.116
=4.35496152

Kinjiro Co's current ratio of this year was 3.9534264. Kinjiro Co's current ratio of last year was 4.35496152. ==> 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.

Kinjiro Co's number of shares in issue this year was 19.663. Kinjiro Co's number of shares in issue last year was 19.573. ==> 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
=3655.365/5370.47
=0.68064155

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2651.079/4376.654
=0.60573191

Kinjiro Co's gross margin of this year was 0.68064155. Kinjiro Co's gross margin of last year was 0.60573191. ==> 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)
=5370.47/12814.312
=0.41909936

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=4376.654/12787.232
=0.34226751

Kinjiro Co's asset turnover of this year was 0.41909936. Kinjiro Co's asset turnover of last year was 0.34226751. ==> 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+1+1+0+0+1+1
=7

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

Kinjiro 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?
Kinjiro Co (TSE:4013) has a Piotroski F-Score of 7 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kinjiro Co and its competitors. This is near median its historical median of 7.00. Over the past decade, Kinjiro Co's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Kinjiro Co ranks #224 out of 2737 companies in the Software industry, placing it in the top 8.2%.
Is Kinjiro Co's Piotroski F-Score too high?
Kinjiro 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 4.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. Kinjiro Co's value of 7 is 40% above this industry median. Based on the distribution chart, Kinjiro Co ranks #224 out of 2737 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Kinjiro Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kinjiro Co's Piotroski F-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Kinjiro Co ranks #224 out of 2737 companies for Piotroski F-Score. This places Kinjiro Co in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Kinjiro Co's value of 7 is 40% above this benchmark. Historically, Kinjiro Co's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Kinjiro 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 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. Kinjiro 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 Kinjiro Co 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. Kinjiro 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 Kinjiro Co stock overvalued right now?
Based on GuruFocus' analysis, Kinjiro Co (TSE:4013) is currently considered Modestly Undervalued. The stock's GF Value™ is 円869.30, compared to a current price of 円701.00 — trading 19.4% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Software industry median of 5.00. Kinjiro Co's overall GF Score™ is 84/100 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 Kinjiro Co (TSE:4013), the current Piotroski F-Score is 7 as of Jul. 16, 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 Kinjiro Co (TSE:4013) Overvalued in 2026?

Based on GuruFocus' analysis, Kinjiro Co stock appears to be undervalued. The current stock price of 円701.00 is trading 19.4% below its estimated GF Value™ of 円869.30. GuruFocus considers Kinjiro Co to be Modestly Undervalued.

Key valuation signals for TSE:4013:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: 円869.30 vs. price of 円701.00 (19.4% below fair value)
  • GF Score™: 84/100 with 2 warning signs
  • Industry Position: 40% above the Software median (#224 of 2737)

No single metric tells the full story. See the TSE:4013 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kinjiro Co Business Description

Address 4-14-1 Sotokanda, Tokyo Akihabara UDX Building South, 18th floor, Chiyoda-ku, Tokyo, JPN, 101-0021
Kinjiro Co Ltd is engaged in Human Resource Management where company develops and sells ERP packages, working time clock-in terminals, health management systems, labor cost management systems, and also provides Consulting and system construction/maintenance services. It provide a consistent solution service that includes the development, sales, and support of integrated HRM solutions.
84GF Score

Get the complete analysis for TSE:4013

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

円701.00
Price
円869.30
GF Value