Furyu (TSE:6238) Piotroski F-Score: 7 (As of Jul. 22, 2026) — 17% Above Median

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TSE:6238 Furyu Corp TSE:6238
85 GF Score
Price 円1,379.00
GF Value 円1,153.01
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Furyu Piotroski F-Score?

Furyu TSE:6238 +2.91% 85 Piotroski F-Score is 7 as of Jul. 22, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:6238 with a GF Score™ of 85/100 and a GF Value™ of 円1,153.01 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 834 Travel & Leisure companies, Furyu ranks better than 88.25% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Furyu has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:6238' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 7

During the past 12 years, the highest Piotroski F-Score of Furyu was 8. The lowest was 5. And the median was 6.

Furyu  (TSE:6238) 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.


Furyu Piotroski F-Score Related Terms


Furyu Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Furyu'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.

Furyu Piotroski F-Score Chart

Furyu 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 5.00 7.00 5.00 7.00

Furyu 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 5.00 0.00 7.00

TSE:6238 vs AS, HAS, LTH: Piotroski F-Score Comparison

For the Leisure subindustry, Furyu'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.


Furyu Piotroski F-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Furyu's Piotroski F-Score distribution charts can be found below:

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


TSE:6238
85GF Score
Furyu Corp TSE:6238
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2,061 Mil.
Cash Flow from Operations was 円5,190 Mil.
Revenue was 円44,767 Mil.
Gross Profit was 円17,613 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (28110.476 + 30335.74) / 2 = 円29223.108 Mil.
Total Assets at the begining of this year (Mar25) was 円28,110 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円25,109 Mil.
Total Current Liabilities was 円6,340 Mil.
Net Income was 円1,627 Mil.

Revenue was 円44,306 Mil.
Gross Profit was 円16,892 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (28346.375 + 28110.476) / 2 = 円28228.4255 Mil.
Total Assets at the begining of last year (Mar24) was 円28,346 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円22,393 Mil.
Total Current Liabilities was 円5,362 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.

Furyu's current Net Income (TTM) was 2,061. ==> 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.

Furyu's current Cash Flow from Operations (TTM) was 5,190. ==> 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)
=2060.727/28110.476
=0.07330815

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1627.341/28346.375
=0.05740914

Furyu's return on assets of this year was 0.07330815. Furyu's return on assets of last year was 0.05740914. ==> 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.

Furyu's current Net Income (TTM) was 2,061. Furyu's current Cash Flow from Operations (TTM) was 5,190. ==> 5,190 > 2,061 ==> 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
=0/29223.108
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/28228.4255
=0

Furyu's gearing of this year was 0. Furyu'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: Mar26)=Total Current Assets/Total Current Liabilities
=25108.665/6340.053
=3.96032415

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=22393.18/5362.082
=4.17620991

Furyu's current ratio of this year was 3.96032415. Furyu's current ratio of last year was 4.17620991. ==> 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.

Furyu's number of shares in issue this year was 26.484. Furyu's number of shares in issue last year was 26.461. ==> 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
=17612.77/44767.484
=0.39342774

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=16892.156/44305.986
=0.38126126

Furyu's gross margin of this year was 0.39342774. Furyu's gross margin of last year was 0.38126126. ==> 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)
=44767.484/28110.476
=1.59255517

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=44305.986/28346.375
=1.56302123

Furyu's asset turnover of this year was 1.59255517. Furyu's asset turnover of last year was 1.56302123. ==> This year's asset turnover is higher. ==> Score 1.

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+1+1+0+0+1+1
=7

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

Furyu has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Furyu (TSE:6238) has a Piotroski F-Score of 7 as of Jul. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Furyu and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Furyu's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Furyu ranks #98 out of 834 companies in the Travel & Leisure industry, placing it in the top 11.8%.
Is Furyu's Piotroski F-Score too high?
Furyu's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. Furyu's value of 7 is 40% above this industry median. Based on the distribution chart, Furyu ranks #98 out of 834 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Furyu has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Furyu's Piotroski F-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Furyu ranks #98 out of 834 companies for Piotroski F-Score. This places Furyu in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Furyu's value of 7 is 40% above this benchmark. Historically, Furyu's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Furyu 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 834 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. Furyu's current Piotroski F-Score of 7 is 40% 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 Furyu and its competitors. For the Travel & Leisure 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. Furyu's current Piotroski F-Score is 7, which is 17% above 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 Furyu stock overvalued right now?
Based on GuruFocus' analysis, Furyu (TSE:6238) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,153.01, compared to a current price of 円1,379.00 — trading 19.6% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Travel & Leisure industry median of 5.00. Furyu's overall GF Score™ is 85/100 with 7 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 Furyu (TSE:6238), the current Piotroski F-Score is 7 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 Furyu (TSE:6238) Overvalued in 2026?

Based on GuruFocus' analysis, Furyu stock appears to be overvalued. The current stock price of 円1,379.00 is trading 19.6% above its estimated GF Value™ of 円1,153.01. GuruFocus considers Furyu to be Modestly Overvalued.

Key valuation signals for TSE:6238:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: 円1,153.01 vs. price of 円1,379.00 (19.6% above fair value)
  • GF Score™: 85/100 with 7 warning signs
  • Industry Position: 40% above the Travel & Leisure median (#98 of 834)

No single metric tells the full story. See the TSE:6238 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Furyu Business Description

Address 2-3 Uguisudani-cho, 2nd Floor, Coms Building, Shibuya-ku, Tokyo, JPN, 150-0032
Furyu Corp is a holding company that mainly plans, develops, manufactures, and markets photo sticker machines. It includes sales, planning and development of photo sticker machines, amusement prizes, mobile services for young women, and video and smart phone games. It also provides ring tunes, decoration mail, mobile games, and other mobile content services.
85GF Score

Get the complete analysis for TSE:6238

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

円1,379.00
Price
円1,153.01
GF Value