Nakanishi Mfg Co (TSE:5941) Piotroski F-Score: 6 (As of Aug. 05, 2026) — Near Median

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TSE:5941 Nakanishi Mfg Co Ltd TSE:5941
76 GF Score
Price 円2,791.00
GF Value 円2,644.27
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Nakanishi Mfg Co Piotroski F-Score?

Nakanishi Mfg Co TSE:5941 -2.85% 76 Piotroski F-Score is 6 as of Aug. 05, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:5941 with a GF Score™ of 76/100 and a GF Value™ of 円2,644.27 (Fairly Valued). The stock has 3 warning signs investors should review. Among 426 Furnishings, Fixtures & Appliances companies, Nakanishi Mfg Co ranks better than 77.93% 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

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

TSE:5941' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Nakanishi Mfg Co was 9. The lowest was 4. And the median was 6.

Nakanishi Mfg Co  (TSE:5941) 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.


Nakanishi Mfg Co Piotroski F-Score Related Terms


Nakanishi Mfg Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nakanishi Mfg 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.

Nakanishi Mfg Co Piotroski F-Score Chart

Nakanishi Mfg Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.00 4.00 6.00 5.00 6.00

Nakanishi Mfg Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 6.00 0.00 5.00 0.00 6.00

TSE:5941 vs SN, SGI, MHK: Piotroski F-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Nakanishi Mfg 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.


Nakanishi Mfg Co Piotroski F-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nakanishi Mfg Co's Piotroski F-Score distribution charts can be found below:

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


TSE:5941
76GF Score
Nakanishi Mfg Co Ltd TSE:5941
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 円2,210 Mil.
Cash Flow from Operations was 円560 Mil.
Revenue was 円41,009 Mil.
Gross Profit was 円10,787 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (30466.51 + 33899.523) / 2 = 円32183.0165 Mil.
Total Assets at the begining of this year (Mar25) was 円30,467 Mil.
Long-Term Debt & Capital Lease Obligation was 円933 Mil.
Total Current Assets was 円17,841 Mil.
Total Current Liabilities was 円9,299 Mil.
Net Income was 円1,807 Mil.

Revenue was 円39,932 Mil.
Gross Profit was 円9,878 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (29097.061 + 30466.51) / 2 = 円29781.7855 Mil.
Total Assets at the begining of last year (Mar24) was 円29,097 Mil.
Long-Term Debt & Capital Lease Obligation was 円44 Mil.
Total Current Assets was 円15,632 Mil.
Total Current Liabilities was 円8,740 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.

Nakanishi Mfg Co's current Net Income (TTM) was 2,210. ==> 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.

Nakanishi Mfg Co's current Cash Flow from Operations (TTM) was 560. ==> 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 (Mar25)
=2210.093/30466.51
=0.07254172

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1807.39/29097.061
=0.0621159

Nakanishi Mfg Co's return on assets of this year was 0.07254172. Nakanishi Mfg Co's return on assets of last year was 0.0621159. ==> This year is higher. ==> Score 1.

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.

Nakanishi Mfg Co's current Net Income (TTM) was 2,210. Nakanishi Mfg Co's current Cash Flow from Operations (TTM) was 560. ==> 560 <= 2,210 ==> CFROA <= ROA ==> Score 0.

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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=932.966/32183.0165
=0.02898939

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=43.749/29781.7855
=0.00146899

Nakanishi Mfg Co's gearing of this year was 0.02898939. Nakanishi Mfg Co's gearing of last year was 0.00146899. ==> Last year is lower than this year ==> Score 0.

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: Mar26)=Total Current Assets/Total Current Liabilities
=17841.232/9298.514
=1.91871863

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=15631.859/8739.98
=1.78854631

Nakanishi Mfg Co's current ratio of this year was 1.91871863. Nakanishi Mfg Co's current ratio of last year was 1.78854631. ==> 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.

Nakanishi Mfg Co's number of shares in issue this year was 6.195. Nakanishi Mfg Co's number of shares in issue last year was 6.28. ==> 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
=10787.433/41008.791
=0.26305172

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9878.094/39931.992
=0.24737293

Nakanishi Mfg Co's gross margin of this year was 0.26305172. Nakanishi Mfg Co's gross margin of last year was 0.24737293. ==> 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 (Mar25)
=41008.791/30466.51
=1.34602851

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=39931.992/29097.061
=1.37237201

Nakanishi Mfg Co's asset turnover of this year was 1.34602851. Nakanishi Mfg Co's asset turnover of last year was 1.37237201. ==> 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+1+0+0+1+1+1+0
=6

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

Nakanishi Mfg 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?
Nakanishi Mfg Co (TSE:5941) has a Piotroski F-Score of 6 as of Aug. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nakanishi Mfg Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Nakanishi Mfg Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Nakanishi Mfg Co ranks #94 out of 426 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 22.1%.
Is Nakanishi Mfg Co's Piotroski F-Score too high?
Nakanishi Mfg 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 4.00 to a high of 9.00. The Furnishings, Fixtures & Appliances industry median Piotroski F-Score is 5.00. Nakanishi Mfg Co's value of 6 is 20% above this industry median. Based on the distribution chart, Nakanishi Mfg Co ranks #94 out of 426 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Nakanishi Mfg Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nakanishi Mfg Co's Piotroski F-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Nakanishi Mfg Co ranks #94 out of 426 companies for Piotroski F-Score. This places Nakanishi Mfg Co in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Nakanishi Mfg Co's value of 6 is 20% above this benchmark. Historically, Nakanishi Mfg Co's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Nakanishi Mfg 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 Furnishings, Fixtures & Appliances company?
The median Piotroski F-Score among Furnishings, Fixtures & Appliances companies is 5.00, based on 426 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. Nakanishi Mfg 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 Nakanishi Mfg Co and its competitors. For the Furnishings, Fixtures & Appliances 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. Nakanishi Mfg 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 Nakanishi Mfg Co stock overvalued right now?
Based on GuruFocus' analysis, Nakanishi Mfg Co (TSE:5941) is currently considered Fairly Valued. The stock's GF Value™ is 円2,644.27, compared to a current price of 円2,791.00 — trading 5.5% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Furnishings, Fixtures & Appliances industry median of 5.00. Nakanishi Mfg Co's overall GF Score™ is 76/100 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 Nakanishi Mfg Co (TSE:5941), the current Piotroski F-Score is 6 as of Aug. 05, 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 Nakanishi Mfg Co (TSE:5941) Overvalued in 2026?

Based on GuruFocus' analysis, Nakanishi Mfg Co stock appears to be overvalued. The current stock price of 円2,791.00 is trading 5.5% above its estimated GF Value™ of 円2,644.27. GuruFocus considers Nakanishi Mfg Co to be Fairly Valued.

Key valuation signals for TSE:5941:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円2,644.27 vs. price of 円2,791.00 (5.5% above fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 20% above the Furnishings, Fixtures & Appliances median (#94 of 426)

No single metric tells the full story. See the TSE:5941 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nakanishi Mfg Co Business Description

Address 5-4-14 Tatsumi Minami, Ikuno-ku, Osaka, JPN
Nakanishi Mfg Co Ltd is a Japan-based company engaged in the manufacture and sale of kitchen equipment. It is involved in the manufacture and sale of kitchen instruments for business purposes, such as utensils washing machines, rice-cooking systems and utensils disinfection and storage machines, among others. The company provides its products to schools, hospitals, business institutions and restaurants. The company has two main business segments, namely: commercial kitchen equipment manufacturing and sales business and the real estate rental business. The company generates the majority of its revenue from commercial kitchen equipment manufacturing and sales business.
76GF Score

Get the complete analysis for TSE:5941

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

円2,791.00
Price
円2,644.27
GF Value