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Minkabu The Infonoid Co (TSE:4436) Piotroski F-Score : 5 (As of Mar. 27, 2025)


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What is Minkabu The Infonoid Co Piotroski F-Score?

The zones of discrimination were as such:

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

Minkabu The Infonoid Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

TSE:4436' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 5

During the past 8 years, the highest Piotroski F-Score of Minkabu The Infonoid Co was 8. The lowest was 3. And the median was 5.


Minkabu The Infonoid Co Piotroski F-Score Historical Data

The historical data trend for Minkabu The Infonoid 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.

* Premium members only.

Minkabu The Infonoid Co Piotroski F-Score Chart

Minkabu The Infonoid Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial 5.00 4.00 7.00 3.00 5.00

Minkabu The Infonoid Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 - - - 5.00 -

Competitive Comparison of Minkabu The Infonoid Co's Piotroski F-Score

For the Internet Content & Information subindustry, Minkabu The Infonoid 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.


Minkabu The Infonoid Co's Piotroski F-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Minkabu The Infonoid Co's Piotroski F-Score distribution charts can be found below:

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


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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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 円-1,181 Mil.
Cash Flow from Operations was 円91 Mil.
Revenue was 円9,920 Mil.
Gross Profit was 円4,204 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (16534.886 + 14838.864) / 2 = 円15686.875 Mil.
Total Assets at the begining of this year (Mar23) was 円16,535 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,640 Mil.
Total Current Assets was 円4,132 Mil.
Total Current Liabilities was 円2,734 Mil.
Net Income was 円726 Mil.

Revenue was 円6,836 Mil.
Gross Profit was 円2,632 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (9757.836 + 16534.886) / 2 = 円13146.361 Mil.
Total Assets at the begining of last year (Mar22) was 円9,758 Mil.
Long-Term Debt & Capital Lease Obligation was 円6,753 Mil.
Total Current Assets was 円6,568 Mil.
Total Current Liabilities was 円1,926 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.

Minkabu The Infonoid Co's current Net Income (TTM) was -1,181. ==> Negative ==> Score 0.

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.

Minkabu The Infonoid Co's current Cash Flow from Operations (TTM) was 91. ==> 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 (Mar23)
=-1180.874/16534.886
=-0.07141712

ROA (Last Year)=Net Income/Total Assets (Mar22)
=726.38/9757.836
=0.07444069

Minkabu The Infonoid Co's return on assets of this year was -0.07141712. Minkabu The Infonoid Co's return on assets of last year was 0.07444069. ==> 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.

Minkabu The Infonoid Co's current Net Income (TTM) was -1,181. Minkabu The Infonoid Co's current Cash Flow from Operations (TTM) was 91. ==> 91 > -1,181 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=5640/15686.875
=0.35953624

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=6752.5/13146.361
=0.51364024

Minkabu The Infonoid Co's gearing of this year was 0.35953624. Minkabu The Infonoid Co's gearing of last year was 0.51364024. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=4132.034/2734.164
=1.51126048

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=6567.672/1926.474
=3.40916721

Minkabu The Infonoid Co's current ratio of this year was 1.51126048. Minkabu The Infonoid Co's current ratio of last year was 3.40916721. ==> 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.

Minkabu The Infonoid Co's number of shares in issue this year was 14.979. Minkabu The Infonoid Co's number of shares in issue last year was 15.165. ==> 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
=4204.371/9920.106
=0.42382319

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2632.003/6836.274
=0.38500549

Minkabu The Infonoid Co's gross margin of this year was 0.42382319. Minkabu The Infonoid Co's gross margin of last year was 0.38500549. ==> 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 (Mar23)
=9920.106/16534.886
=0.59995007

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=6836.274/9757.836
=0.70059325

Minkabu The Infonoid Co's asset turnover of this year was 0.59995007. Minkabu The Infonoid Co's asset turnover of last year was 0.70059325. ==> 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
=0+1+0+1+1+0+1+1+0
=5

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

Minkabu The Infonoid Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Minkabu The Infonoid Co  (TSE:4436) 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.


Minkabu The Infonoid Co Piotroski F-Score Related Terms

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Minkabu The Infonoid Co Business Description

Traded in Other Exchanges
N/A
Address
3-29-1 Kanda Jimbo-cho, Chiyoda-ku, Tokyo, JPN, 101-0051
Minkabu The Infonoid Co Ltd is engaged in providing financial information to individuals and corporations through the Internet. The company provides information tools for trading screens for corporations, mainly corporations, in multiple languages.

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