Lassic Co (TSE:574A) Piotroski F-Score: 6 (As of Aug. 09, 2026) — Near Median

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TSE:574A Lassic Co Ltd TSE:574A
19 GF Score
Price 円887.00
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What is Lassic Co Piotroski F-Score?

Lassic Co TSE:574A 19 Piotroski F-Score is 6 as of Aug. 09, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:574A with a GF Score™ of 19/100. Among 1,058 Business Services companies, Lassic Co ranks better than 71.93% 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

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

TSE:574A' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 6   Max: 6
Current: 6

During the past 3 years, the highest Piotroski F-Score of Lassic Co was 6. The lowest was 6. And the median was 6.

Lassic Co  (TSE:574A) 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.


Lassic Co Piotroski F-Score Related Terms


Lassic Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Lassic 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.

Lassic Co Piotroski F-Score Chart

Lassic Co Annual Data
Trend Apr24 Apr25 Apr26
Piotroski F-Score
N/A N/A 6.00

Lassic Co Semi-Annual Data
Apr24 Apr25 Oct25 Apr26
Piotroski F-Score N/A N/A 0.00 6.00

TSE:574A vs KFY, RHI, TNET: Piotroski F-Score Comparison

For the Staffing & Employment Services subindustry, Lassic 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.


Lassic Co Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Lassic Co's Piotroski F-Score distribution charts can be found below:

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


TSE:574A
19GF Score
Lassic Co Ltd TSE:574A
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 (Apr26) TTM:Last Year (Apr25) TTM:
Net Income was 円119 Mil.
Cash Flow from Operations was 円172 Mil.
Revenue was 円4,988 Mil.
Gross Profit was 円1,531 Mil.
Average Total Assets from the begining of this year (Apr25)
to the end of this year (Apr26) was (1767.03 + 1832.973) / 2 = 円1800.0015 Mil.
Total Assets at the begining of this year (Apr25) was 円1,767 Mil.
Long-Term Debt & Capital Lease Obligation was 円163 Mil.
Total Current Assets was 円1,580 Mil.
Total Current Liabilities was 円601 Mil.
Net Income was 円147 Mil.

Revenue was 円4,789 Mil.
Gross Profit was 円1,402 Mil.
Average Total Assets from the begining of last year (Apr24)
to the end of last year (Apr25) was (1650.893 + 1767.03) / 2 = 円1708.9615 Mil.
Total Assets at the begining of last year (Apr24) was 円1,651 Mil.
Long-Term Debt & Capital Lease Obligation was 円230 Mil.
Total Current Assets was 円1,601 Mil.
Total Current Liabilities was 円588 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.

Lassic Co's current Net Income (TTM) was 119. ==> 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.

Lassic Co's current Cash Flow from Operations (TTM) was 172. ==> 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 (Apr25)
=118.938/1767.03
=0.06730955

ROA (Last Year)=Net Income/Total Assets (Apr24)
=146.924/1650.893
=0.08899668

Lassic Co's return on assets of this year was 0.06730955. Lassic Co's return on assets of last year was 0.08899668. ==> 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.

Lassic Co's current Net Income (TTM) was 119. Lassic Co's current Cash Flow from Operations (TTM) was 172. ==> 172 > 119 ==> 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: Apr26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr25 to Apr26
=163.444/1800.0015
=0.09080215

Gearing (Last Year: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=229.534/1708.9615
=0.13431198

Lassic Co's gearing of this year was 0.09080215. Lassic Co's gearing of last year was 0.13431198. ==> 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: Apr26)=Total Current Assets/Total Current Liabilities
=1579.61/601.372
=2.626677

Current Ratio (Last Year: Apr25)=Total Current Assets/Total Current Liabilities
=1601.17/588.317
=2.72161097

Lassic Co's current ratio of this year was 2.626677. Lassic Co's current ratio of last year was 2.72161097. ==> 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.

Lassic Co's number of shares in issue this year was 3.18. Lassic Co's number of shares in issue last year was 3.18. ==> 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
=1531.331/4987.649
=0.30702461

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1401.86/4788.882
=0.29273221

Lassic Co's gross margin of this year was 0.30702461. Lassic Co's gross margin of last year was 0.29273221. ==> 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 (Apr25)
=4987.649/1767.03
=2.82261705

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr24)
=4788.882/1650.893
=2.90078279

Lassic Co's asset turnover of this year was 2.82261705. Lassic Co's asset turnover of last year was 2.90078279. ==> 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+0+1+1+0
=6

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

Lassic 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?
Lassic Co (TSE:574A) has a Piotroski F-Score of 6 as of Aug. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lassic Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Lassic Co's Piotroski F-Score has ranged from 6.00 to 6.00. According to the industry distribution chart, Lassic Co ranks #297 out of 1058 companies in the Business Services industry, placing it in the top 28.1%.
Is Lassic Co's Piotroski F-Score too high?
Lassic 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 6.00. The Business Services industry median Piotroski F-Score is 5.00. Lassic Co's value of 6 is 20% above this industry median. Based on the distribution chart, Lassic Co ranks #297 out of 1058 companies in the Business Services industry, which is above the industry midpoint. Overall, Lassic Co has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Lassic Co's Piotroski F-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Lassic Co ranks #297 out of 1058 companies for Piotroski F-Score. This puts Lassic Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Lassic Co's value of 6 is 20% above this benchmark. Historically, Lassic Co's own Piotroski F-Score has ranged from 6.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Lassic 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,058 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. Lassic 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 Lassic Co and its competitors. For the Business Services 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. Lassic 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 Lassic Co stock overvalued right now?
Lassic Co (TSE:574A) 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 Business Services industry median of 5.00. Lassic Co's overall GF Score™ is 19/100. 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 Lassic Co (TSE:574A), the current Piotroski F-Score is 6 as of Aug. 09, 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.

Lassic Co Business Description

Address 3-201-3 Minamiyoshikata, Tottori Prefecture, Tottori, JPN, 680-0843
Lassic Co Ltd provides recruitment services and system development support using IT professional freelancers. The company's business platforms include: i) Remogu: Human resources service specializing in remote work. It develops borderless matching services that transcend boundaries such as work styles, places of work (overseas and regions), age, and occupation. ii) IT Solutions: In the field of system operation and maintenance, which is troubled by business continuity due to a shortage of human resources, Prime (primary contracting) system integration services that use borderless, DX, and capabilities as weapons.
19GF Score

Get the complete analysis for TSE:574A

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

円887.00
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