Fast Accounting Co (TSE:5588) Piotroski F-Score: 6 (As of Jul. 01, 2026) — Near Median


TSE:5588 Fast Accounting Co Ltd TSE:5588
21 GF Score
Price 円709.00
! 2 Warning Signs
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What is Fast Accounting Co Piotroski F-Score?

Fast Accounting Co TSE:5588 -0.70% 21 Piotroski F-Score is 6 as of Jul. 01, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:5588 with a GF Score™ of 21/100. The stock has 2 warning signs investors should review. Among 2,738 Software companies, Fast Accounting Co ranks better than 78.71% 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

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

TSE:5588' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 6   Max: 8
Current: 6

During the past 5 years, the highest Piotroski F-Score of Fast Accounting Co was 8. The lowest was 6. And the median was 6.

Fast Accounting Co  (TSE:5588) 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.


Fast Accounting Co Piotroski F-Score Related Terms


Fast Accounting Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fast Accounting 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.

Fast Accounting Co Piotroski F-Score Chart

Fast Accounting Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 8.00 6.00 6.00

Fast Accounting Co Quarterly Data
Dec21 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 0.00 0.00 6.00 0.00

TSE:5588 vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Fast Accounting 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.


Fast Accounting Co Piotroski F-Score vs Software Industry

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

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


TSE:5588
21GF Score
Fast Accounting Co Ltd TSE:5588
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 円202 Mil.
Cash Flow from Operations was 円349 Mil.
Revenue was 円2,370 Mil.
Gross Profit was 円1,717 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2434.092 + 2899.421) / 2 = 円2666.7565 Mil.
Total Assets at the begining of this year (Dec24) was 円2,434 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円2,130 Mil.
Total Current Liabilities was 円1,145 Mil.
Net Income was 円465 Mil.

Revenue was 円1,707 Mil.
Gross Profit was 円1,200 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1618.832 + 2434.092) / 2 = 円2026.462 Mil.
Total Assets at the begining of last year (Dec23) was 円1,619 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円1,720 Mil.
Total Current Liabilities was 円1,003 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.

Fast Accounting Co's current Net Income (TTM) was 202. ==> 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.

Fast Accounting Co's current Cash Flow from Operations (TTM) was 349. ==> 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)
=202.143/2434.092
=0.08304657

ROA (Last Year)=Net Income/Total Assets (Dec23)
=465.191/1618.832
=0.28736212

Fast Accounting Co's return on assets of this year was 0.08304657. Fast Accounting Co's return on assets of last year was 0.28736212. ==> 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.

Fast Accounting Co's current Net Income (TTM) was 202. Fast Accounting Co's current Cash Flow from Operations (TTM) was 349. ==> 349 > 202 ==> 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
=0/2666.7565
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/2026.462
=0

Fast Accounting Co's gearing of this year was 0. Fast Accounting 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: Dec25)=Total Current Assets/Total Current Liabilities
=2129.822/1145.442
=1.85938878

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1719.726/1003.022
=1.71454465

Fast Accounting Co's current ratio of this year was 1.85938878. Fast Accounting Co's current ratio of last year was 1.71454465. ==> 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.

Fast Accounting Co's number of shares in issue this year was 11.705. Fast Accounting Co's number of shares in issue last year was 11.618. ==> 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
=1716.828/2369.766
=0.72447153

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1200.396/1707.072
=0.70319002

Fast Accounting Co's gross margin of this year was 0.72447153. Fast Accounting Co's gross margin of last year was 0.70319002. ==> 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)
=2369.766/2434.092
=0.9735729

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1707.072/1618.832
=1.05450844

Fast Accounting Co's asset turnover of this year was 0.9735729. Fast Accounting Co's asset turnover of last year was 1.05450844. ==> 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+0+1+0
=6

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

Fast Accounting 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?
Fast Accounting Co (TSE:5588) has a Piotroski F-Score of 6 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fast Accounting Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Fast Accounting Co's Piotroski F-Score has ranged from 6.00 to 8.00. According to the industry distribution chart, Fast Accounting Co ranks #583 out of 2738 companies in the Software industry, placing it in the top 21.3%.
Is Fast Accounting Co's Piotroski F-Score too high?
Fast Accounting Co's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 8.00. The Software industry median Piotroski F-Score is 5.00. Fast Accounting Co's value of 6 is 20% above this industry median. Based on the distribution chart, Fast Accounting Co ranks #583 out of 2738 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Fast Accounting Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Fast Accounting Co's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Fast Accounting Co ranks #583 out of 2738 companies for Piotroski F-Score. This places Fast Accounting Co in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Fast Accounting Co's value of 6 is 20% above this benchmark. Historically, Fast Accounting Co's own Piotroski F-Score has ranged from 6.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Fast Accounting 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 2,738 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. Fast Accounting 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 Fast Accounting 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. Fast Accounting Co's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fast Accounting Co stock overvalued right now?
Fast Accounting Co (TSE:5588) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Software industry median of 5.00. Fast Accounting Co's overall GF Score™ is 21/100 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 Fast Accounting Co (TSE:5588), the current Piotroski F-Score is 6 as of Jul. 01, 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.

Fast Accounting Co Business Description

Address 2-4-1 Shibakoen, Minato-ku, Tokyo, JPN, 105-0013
Fast Accounting Co Ltd is engaged in AI solution business specializing in the field of accounting. Its services include invoice Automation of input/confirmation, Automated invoice matching, Automate receipt input/confirmation, Automated receipt matching and others.
21GF Score

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