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Okada Aiyon Corp TSE:6294
Okada Aiyon TSE:6294 +0.50% 85 Piotroski F-Score is 2 as of Jul. 11, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates TSE:6294 with a GF Score™ of 85/100 and a GF Value™ of 円2,286.93 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 208 Farm & Heavy Construction Machinery companies, Okada Aiyon ranks worse than 95.67% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Okada Aiyon has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Okada Aiyon's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of Okada Aiyon was 7. The lowest was 2. And the median was 5.
Okada Aiyon (TSE:6294) 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.
The historical data trend for Okada Aiyon'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.
| Okada Aiyon Annual Data | |||||||||||||||||||||
| Trend | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | Mar24 | Mar25 | Mar26 | |||||||||||
| Piotroski F-Score | Get a 7-Day Free Trial |
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5.00 | 4.00 | 6.00 | 3.00 | 2.00 | |||||||||||||
| Okada Aiyon 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 |
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6.00 | 0.00 | 3.00 | 0.00 | 2.00 | ||
For the Farm & Heavy Construction Machinery subindustry, Okada Aiyon'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.
For the Farm & Heavy Construction Machinery industry and Industrials sector, Okada Aiyon's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Okada Aiyon's Piotroski F-Score falls into.
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: |
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Net Income was 円1,492 Mil. Cash Flow from Operations was 円-191 Mil. Revenue was 円26,991 Mil. Gross Profit was 円7,993 Mil. Average Total Assets from the begining of this year (Mar25) to the end of this year (Mar26) was (35994.704 + 39984.449) / 2 = 円37989.5765 Mil. Total Assets at the begining of this year (Mar25) was 円35,995 Mil. Long-Term Debt & Capital Lease Obligation was 円4,002 Mil. Total Current Assets was 円25,382 Mil. Total Current Liabilities was 円17,116 Mil. |
Net Income was 円1,475 Mil. Revenue was 円26,583 Mil. Gross Profit was 円7,859 Mil. Average Total Assets from the begining of last year (Mar24) to the end of last year (Mar25) was (34008.285 + 35994.704) / 2 = 円35001.4945 Mil. Total Assets at the begining of last year (Mar24) was 円34,008 Mil. Long-Term Debt & Capital Lease Obligation was 円2,332 Mil. Total Current Assets was 円24,504 Mil. Total Current Liabilities was 円15,682 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.
Okada Aiyon's current Net Income (TTM) was 1,492.
==> 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.
Okada Aiyon's current Cash Flow from Operations (TTM) was -191.
==> Negative ==> Score 0.
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) |
| = | 1491.882 | / | 35994.704 | |
| = | 0.04144726 |
| ROA (Last Year) | = | Net Income | / | Total Assets (Mar24) |
| = | 1475.214 | / | 34008.285 | |
| = | 0.04337808 |
Okada Aiyon's return on assets of this year was 0.04144726. Okada Aiyon's return on assets of last year was 0.04337808.
==> 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.
Okada Aiyon's current Net Income (TTM) was 1,492. Okada Aiyon's current Cash Flow from Operations (TTM) was -191.
==> -191 <= 1,492 ==> 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 |
| = | 4001.767 | / | 37989.5765 | |
| = | 0.10533855 |
| Gearing (Last Year: Mar25) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Mar24 to Mar25 |
| = | 2332.154 | / | 35001.4945 | |
| = | 0.06663013 |
Okada Aiyon's gearing of this year was 0.10533855. Okada Aiyon's gearing of last year was 0.06663013.
==> 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 |
| = | 25382.388 | / | 17116.229 | |
| = | 1.48294277 |
| Current Ratio (Last Year: Mar25) | = | Total Current Assets | / | Total Current Liabilities |
| = | 24503.714 | / | 15682.261 | |
| = | 1.56251155 |
Okada Aiyon's current ratio of this year was 1.48294277. Okada Aiyon's current ratio of last year was 1.56251155.
==> 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.
Okada Aiyon's number of shares in issue this year was 8.052. Okada Aiyon's number of shares in issue last year was 8.041.
==> 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 |
| = | 7992.676 | / | 26991.439 | |
| = | 0.29611893 |
| Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
| = | 7858.678 | / | 26582.659 | |
| = | 0.29563175 |
Okada Aiyon's gross margin of this year was 0.29611893. Okada Aiyon's gross margin of last year was 0.29563175.
==> 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) |
| = | 26991.439 | / | 35994.704 | |
| = | 0.74987251 |
| Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Mar24) |
| = | 26582.659 | / | 34008.285 | |
| = | 0.78165244 |
Okada Aiyon's asset turnover of this year was 0.74987251. Okada Aiyon's asset turnover of last year was 0.78165244.
==> 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 | + | 0 | + | 0 | + | 0 | + | 0 | + | 0 | + | 0 | + | 1 | + | 0 | |
| = | 2 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Okada Aiyon has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Based on GuruFocus' analysis, Okada Aiyon stock appears to be undervalued. The current stock price of 円2,000.00 is trading 12.5% below its estimated GF Value™ of 円2,286.93. GuruFocus considers Okada Aiyon to be Modestly Undervalued.
Key valuation signals for TSE:6294:
No single metric tells the full story. See the TSE:6294 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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