T Hasegawa Co (TSE:4958) Piotroski F-Score: 6 (As of Jul. 22, 2026) — 20% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:4958 T Hasegawa Co Ltd TSE:4958
93 GF Score
Price 円3,275.00
GF Value 円3,474.79
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is T Hasegawa Co Piotroski F-Score?

T Hasegawa Co TSE:4958 93 Piotroski F-Score is 6 as of Jul. 22, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TSE:4958 with a GF Score™ of 93/100 and a GF Value™ of 円3,474.79 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,561 Chemicals companies, T Hasegawa Co ranks better than 76.23% 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

T Hasegawa 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 T Hasegawa Co's Piotroski F-Score or its related term are showing as below:

TSE:4958' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of T Hasegawa Co was 9. The lowest was 2. And the median was 5.

T Hasegawa Co  (TSE:4958) 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.


T Hasegawa Co Piotroski F-Score Related Terms


T Hasegawa Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for T Hasegawa 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.

T Hasegawa Co Piotroski F-Score Chart

T Hasegawa Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 8.00 5.00 7.00 6.00

T Hasegawa Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 6.00 0.00 0.00

TSE:4958 vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, T Hasegawa 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.


T Hasegawa Co Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, T Hasegawa Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where T Hasegawa Co's Piotroski F-Score falls into.


TSE:4958
93GF Score
T Hasegawa Co Ltd TSE:4958
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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was 円6,921 Mil.
Cash Flow from Operations was 円11,247 Mil.
Revenue was 円73,495 Mil.
Gross Profit was 円30,347 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (144504 + 147151) / 2 = 円145827.5 Mil.
Total Assets at the begining of this year (Sep24) was 円144,504 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円74,997 Mil.
Total Current Liabilities was 円14,611 Mil.
Net Income was 円7,201 Mil.

Revenue was 円71,645 Mil.
Gross Profit was 円29,643 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (139125 + 144504) / 2 = 円141814.5 Mil.
Total Assets at the begining of last year (Sep23) was 円139,125 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円72,241 Mil.
Total Current Liabilities was 円14,771 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.

T Hasegawa Co's current Net Income (TTM) was 6,921. ==> 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.

T Hasegawa Co's current Cash Flow from Operations (TTM) was 11,247. ==> 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)
=6921/144504
=0.04789487

ROA (Last Year)=Net Income/Total Assets (Sep23)
=7201/139125
=0.05175921

T Hasegawa Co's return on assets of this year was 0.04789487. T Hasegawa Co's return on assets of last year was 0.05175921. ==> 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.

T Hasegawa Co's current Net Income (TTM) was 6,921. T Hasegawa Co's current Cash Flow from Operations (TTM) was 11,247. ==> 11,247 > 6,921 ==> 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
=0/145827.5
=0

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=0/141814.5
=0

T Hasegawa Co's gearing of this year was 0. T Hasegawa 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: Sep25)=Total Current Assets/Total Current Liabilities
=74997/14611
=5.13291356

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=72241/14771
=4.89073184

T Hasegawa Co's current ratio of this year was 5.13291356. T Hasegawa Co's current ratio of last year was 4.89073184. ==> 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.

T Hasegawa Co's number of shares in issue this year was 41.043. T Hasegawa Co's number of shares in issue last year was 41.321. ==> 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
=30347/73495
=0.41291244

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=29643/71645
=0.41374834

T Hasegawa Co's gross margin of this year was 0.41291244. T Hasegawa Co's gross margin of last year was 0.41374834. ==> 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 (Sep24)
=73495/144504
=0.50860184

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=71645/139125
=0.51496855

T Hasegawa Co's asset turnover of this year was 0.50860184. T Hasegawa Co's asset turnover of last year was 0.51496855. ==> 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

T Hasegawa Co 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?
T Hasegawa Co (TSE:4958) has a Piotroski F-Score of 6 as of Jul. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on T Hasegawa Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, T Hasegawa Co's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, T Hasegawa Co ranks #371 out of 1561 companies in the Chemicals industry, placing it in the top 23.8%.
Is T Hasegawa Co's Piotroski F-Score too high?
T Hasegawa Co's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Chemicals industry median Piotroski F-Score is 5.00. T Hasegawa Co's value of 6 is 20% above this industry median. Based on the distribution chart, T Hasegawa Co ranks #371 out of 1561 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, T Hasegawa Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does T Hasegawa Co's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, T Hasegawa Co ranks #371 out of 1561 companies for Piotroski F-Score. This places T Hasegawa Co in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. T Hasegawa Co's value of 6 is 20% above this benchmark. Historically, T Hasegawa Co's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, T Hasegawa 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,561 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. T Hasegawa Co'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 T Hasegawa Co and its competitors. For the Chemicals 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. T Hasegawa Co's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T Hasegawa Co stock overvalued right now?
Based on GuruFocus' analysis, T Hasegawa Co (TSE:4958) is currently considered Fairly Valued. The stock's GF Value™ is 円3,474.79, compared to a current price of 円3,275.00 — trading 5.7% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Chemicals industry median of 5.00. T Hasegawa Co's overall GF Score™ is 93/100 with 3 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 T Hasegawa Co (TSE:4958), the current Piotroski F-Score is 6 as of Jul. 22, 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 T Hasegawa Co (TSE:4958) Overvalued in 2026?

Based on GuruFocus' analysis, T Hasegawa Co stock appears to be undervalued. The current stock price of 円3,275.00 is trading 5.7% below its estimated GF Value™ of 円3,474.79. GuruFocus considers T Hasegawa Co to be Fairly Valued.

Key valuation signals for TSE:4958:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: 円3,474.79 vs. price of 円3,275.00 (5.7% below fair value)
  • GF Score™: 93/100 with 3 warning signs
  • Industry Position: 20% above the Chemicals median (#371 of 1561)

No single metric tells the full story. See the TSE:4958 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


T Hasegawa Co Business Description

Address 4-14, Nihonbashi Honcho 4-chome, Chuo-ku, Tokyo, JPN, 103-8431
T Hasegawa Co Ltd manufactures and sells flavors and fragrances in two segments based on product type. The flavors segment, which generates the majority of revenue, sells flavors used in beverages, desserts, confectioneries, chewing gum, dental cleaning products, and animal feed. The fragrances segment sells fragrances used in perfumes, skin-care and hair-care products, bath additives, detergents, fabric softeners, and air fresheners. The majority of revenue comes from Japan.
93GF Score

Get the complete analysis for TSE:4958

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

円3,275.00
Price
円3,474.79
GF Value