Ichikura Co (TSE:6186) Piotroski F-Score: 4 (As of Aug. 03, 2026) — 20% Below Median

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TSE:6186 Ichikura Co Ltd TSE:6186
59 GF Score
Price 円384.00
GF Value 円406.54
Valuation Fairly Valued
! 5 Warning Signs
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What is Ichikura Co Piotroski F-Score?

Ichikura Co TSE:6186 -1.03% 59 Piotroski F-Score is 4 as of Aug. 03, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates TSE:6186 with a GF Score™ of 59/100 and a GF Value™ of 円406.54 (Fairly Valued). The stock has 5 warning signs investors should review. Among 92 Personal Services companies, Ichikura Co ranks worse than 66.3% 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

Ichikura Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Ichikura Co's Piotroski F-Score or its related term are showing as below:

TSE:6186' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 4

During the past 12 years, the highest Piotroski F-Score of Ichikura Co was 7. The lowest was 2. And the median was 5.

Ichikura Co  (TSE:6186) 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.


Ichikura Co Piotroski F-Score Related Terms


Ichikura Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ichikura 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.

Ichikura Co Piotroski F-Score Chart

Ichikura 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 7.00 6.00 7.00 4.00 4.00

Ichikura 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 7.00 0.00 4.00 0.00 4.00

TSE:6186 vs ROL, SCI, HRB: Piotroski F-Score Comparison

For the Personal Services subindustry, Ichikura 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.


Ichikura Co Piotroski F-Score vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Ichikura Co's Piotroski F-Score distribution charts can be found below:

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


TSE:6186
59GF Score
Ichikura Co Ltd TSE:6186
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-1,441 Mil.
Cash Flow from Operations was 円1,292 Mil.
Revenue was 円19,446 Mil.
Gross Profit was 円12,285 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (20000.834 + 17593.584) / 2 = 円18797.209 Mil.
Total Assets at the begining of this year (Mar25) was 円20,001 Mil.
Long-Term Debt & Capital Lease Obligation was 円748 Mil.
Total Current Assets was 円10,493 Mil.
Total Current Liabilities was 円12,654 Mil.
Net Income was 円-97 Mil.

Revenue was 円19,933 Mil.
Gross Profit was 円12,619 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (20107.721 + 20000.834) / 2 = 円20054.2775 Mil.
Total Assets at the begining of last year (Mar24) was 円20,108 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,256 Mil.
Total Current Assets was 円10,290 Mil.
Total Current Liabilities was 円12,841 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.

Ichikura Co's current Net Income (TTM) was -1,441. ==> Negative ==> Score 0.

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.

Ichikura Co's current Cash Flow from Operations (TTM) was 1,292. ==> 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)
=-1441.014/20000.834
=-0.0720477

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-96.945/20107.721
=-0.00482128

Ichikura Co's return on assets of this year was -0.0720477. Ichikura Co's return on assets of last year was -0.00482128. ==> 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.

Ichikura Co's current Net Income (TTM) was -1,441. Ichikura Co's current Cash Flow from Operations (TTM) was 1,292. ==> 1,292 > -1,441 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=747.945/18797.209
=0.03979022

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1255.959/20054.2775
=0.06262799

Ichikura Co's gearing of this year was 0.03979022. Ichikura Co's gearing of last year was 0.06262799. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=10493.22/12653.97
=0.82924331

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=10289.794/12840.905
=0.80132935

Ichikura Co's current ratio of this year was 0.82924331. Ichikura Co's current ratio of last year was 0.80132935. ==> 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.

Ichikura Co's number of shares in issue this year was 5.523. Ichikura Co's number of shares in issue last year was 5.515. ==> 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
=12284.845/19446.323
=0.631731

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12619.461/19932.772
=0.63310116

Ichikura Co's gross margin of this year was 0.631731. Ichikura Co's gross margin of last year was 0.63310116. ==> 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 (Mar25)
=19446.323/20000.834
=0.97227561

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=19932.772/20107.721
=0.99129941

Ichikura Co's asset turnover of this year was 0.97227561. Ichikura Co's asset turnover of last year was 0.99129941. ==> 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
=0+1+0+1+1+1+0+0+0
=4

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

Ichikura Co has an F-score of 4 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 4 mean?
Ichikura Co (TSE:6186) has a Piotroski F-Score of 4 as of Aug. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ichikura Co and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Ichikura Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Ichikura Co ranks #61 out of 92 companies in the Personal Services industry, placing it in the top 66.3%.
Is Ichikura Co's Piotroski F-Score too high?
Ichikura Co's current Piotroski F-Score of 4 is 20% below 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 7.00. The Personal Services industry median Piotroski F-Score is 5.00. Ichikura Co's value of 4 is 20% below this industry median. Based on the distribution chart, Ichikura Co ranks #61 out of 92 companies in the Personal Services industry, which is below the industry midpoint. Overall, Ichikura Co has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ichikura Co's Piotroski F-Score compare to ROL and SCI?
According to the Personal Services industry distribution chart, Ichikura Co ranks #61 out of 92 companies for Piotroski F-Score. This places Ichikura Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Ichikura Co's value of 4 is 20% below this benchmark. Historically, Ichikura Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Ichikura Co has consistently been below 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 Personal Services company?
The median Piotroski F-Score among Personal Services companies is 5.00, based on 92 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. Ichikura Co's current Piotroski F-Score of 4 is 20% below 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 Ichikura Co and its competitors. For the Personal 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. Ichikura Co's current Piotroski F-Score is 4, which is 20% below 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 Ichikura Co stock overvalued right now?
Based on GuruFocus' analysis, Ichikura Co (TSE:6186) is currently considered Fairly Valued. The stock's GF Value™ is 円406.54, compared to a current price of 円384.00 — trading 5.5% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Personal Services industry median of 5.00. Ichikura Co's overall GF Score™ is 59/100 with 5 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 Ichikura Co (TSE:6186), the current Piotroski F-Score is 4 as of Aug. 03, 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 Ichikura Co (TSE:6186) Overvalued in 2026?

Based on GuruFocus' analysis, Ichikura Co stock appears to be undervalued. The current stock price of 円384.00 is trading 5.5% below its estimated GF Value™ of 円406.54. GuruFocus considers Ichikura Co to be Fairly Valued.

Key valuation signals for TSE:6186:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: 円406.54 vs. price of 円384.00 (5.5% below fair value)
  • GF Score™: 59/100 with 5 warning signs
  • Industry Position: 20% below the Personal Services median (#61 of 92)

No single metric tells the full story. See the TSE:6186 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ichikura Co Business Description

Address 4-699-1, Onaricho, Kita-ku Saitama-shi, Saitama, JPN, 331-0815
Ichikura Co Ltd is engaged in sales and rental of Japanese Kimono dress and wedding business. It sells and rent general kimono for adult-style pre-taken photography at the owned studio. It also provide make-up and dressing service on adult ceremony day.
59GF Score

Get the complete analysis for TSE:6186

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

円384.00
Price
円406.54
GF Value