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Mizuho Medy Co (TSE:4595) Piotroski F-Score : 6 (As of Mar. 28, 2025)


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What is Mizuho Medy 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

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

TSE:4595' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 6

During the past 10 years, the highest Piotroski F-Score of Mizuho Medy Co was 8. The lowest was 3. And the median was 5.


Mizuho Medy Co Piotroski F-Score Historical Data

The historical data trend for Mizuho Medy 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.

Mizuho Medy Co Piotroski F-Score Chart

Mizuho Medy Co 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 5.00 5.00 8.00 6.00 6.00

Mizuho Medy Co 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 - - 6.00 - -

Competitive Comparison of Mizuho Medy Co's Piotroski F-Score

For the Drug Manufacturers - Specialty & Generic subindustry, Mizuho Medy 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.


Mizuho Medy Co's Piotroski F-Score Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Mizuho Medy Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Mizuho Medy 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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was 円3,774 Mil.
Cash Flow from Operations was 円3,992 Mil.
Revenue was 円10,990 Mil.
Gross Profit was 円8,074 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (19102.068 + 18948.138) / 2 = 円19025.103 Mil.
Total Assets at the begining of this year (Dec22) was 円19,102 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円16,290 Mil.
Total Current Liabilities was 円2,279 Mil.
Net Income was 円7,838 Mil.

Revenue was 円17,582 Mil.
Gross Profit was 円14,100 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (12192.96 + 19102.068) / 2 = 円15647.514 Mil.
Total Assets at the begining of last year (Dec21) was 円12,193 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円16,500 Mil.
Total Current Liabilities was 円3,922 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.

Mizuho Medy Co's current Net Income (TTM) was 3,774. ==> 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.

Mizuho Medy Co's current Cash Flow from Operations (TTM) was 3,992. ==> 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 (Dec22)
=3774.239/19102.068
=0.19758274

ROA (Last Year)=Net Income/Total Assets (Dec21)
=7838.094/12192.96
=0.64283767

Mizuho Medy Co's return on assets of this year was 0.19758274. Mizuho Medy Co's return on assets of last year was 0.64283767. ==> 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.

Mizuho Medy Co's current Net Income (TTM) was 3,774. Mizuho Medy Co's current Cash Flow from Operations (TTM) was 3,992. ==> 3,992 > 3,774 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0/19025.103
=0

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=0/15647.514
=0

Mizuho Medy Co's gearing of this year was 0. Mizuho Medy Co's gearing of last year was 0. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=16289.781/2279.427
=7.1464368

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=16500.46/3921.793
=4.20737657

Mizuho Medy Co's current ratio of this year was 7.1464368. Mizuho Medy Co's current ratio of last year was 4.20737657. ==> 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.

Mizuho Medy Co's number of shares in issue this year was 19.049. Mizuho Medy Co's number of shares in issue last year was 19.049. ==> 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
=8074.048/10989.735
=0.73468996

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=14100.072/17581.83
=0.8019684

Mizuho Medy Co's gross margin of this year was 0.73468996. Mizuho Medy Co's gross margin of last year was 0.8019684. ==> Last year's gross margin is higher ==> Score 0.

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 (Dec22)
=10989.735/19102.068
=0.5753165

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=17581.83/12192.96
=1.44196569

Mizuho Medy Co's asset turnover of this year was 0.5753165. Mizuho Medy Co's asset turnover of last year was 1.44196569. ==> 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+1+0+0
=6

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

Mizuho Medy Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Mizuho Medy Co  (TSE:4595) 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.


Mizuho Medy Co Piotroski F-Score Related Terms

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Mizuho Medy Co Business Description

Traded in Other Exchanges
N/A
Address
4 Fujinoki-Machi, Saga Prefecture, Tosu, JPN, 841-0048
Mizuho Medy Co Ltd engages in research and development, manufacture and distribution of in-vitro diagnostic products. The company provides immuno assay test products, such as influenza virus kits; Infectious diseases test kits; fecal occult blood test kits for detection of human hemoglobin and human transferrin in feces; and biochemical liquid stable reagents for professionals. It also offers HCG (midstream test), including digital p-check test for OTC. It also offers fruit tree virus test drugs to agricultural testing places.

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