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Sougou Shouken Co (TSE:7850) Piotroski F-Score : 9 (As of Apr. 03, 2025)


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What is Sougou Shouken Co Piotroski F-Score?

Good Sign:

Piotroski F-Score is 9, 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

Sougou Shouken Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:7850' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Sougou Shouken Co was 9. The lowest was 2. And the median was 5.


Sougou Shouken Co Piotroski F-Score Historical Data

The historical data trend for Sougou Shouken 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.

* Premium members only.

Sougou Shouken Co Piotroski F-Score Chart

Sougou Shouken Co Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 8.00 5.00 8.00 9.00

Sougou Shouken Co Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25
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 - - - 9.00 -

Competitive Comparison of Sougou Shouken Co's Piotroski F-Score

For the Specialty Business Services subindustry, Sougou Shouken 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.


Sougou Shouken Co's Piotroski F-Score Distribution in the Business Services Industry

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

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


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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 (Jul24) TTM:Last Year (Jul23) TTM:
Net Income was 円275 Mil.
Cash Flow from Operations was 円864 Mil.
Revenue was 円15,796 Mil.
Gross Profit was 円4,737 Mil.
Average Total Assets from the begining of this year (Jul23)
to the end of this year (Jul24) was (8346.811 + 7671.453) / 2 = 円8009.132 Mil.
Total Assets at the begining of this year (Jul23) was 円8,347 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,419 Mil.
Total Current Assets was 円3,137 Mil.
Total Current Liabilities was 円2,251 Mil.
Net Income was 円207 Mil.

Revenue was 円15,863 Mil.
Gross Profit was 円4,493 Mil.
Average Total Assets from the begining of last year (Jul22)
to the end of last year (Jul23) was (8948.649 + 8346.811) / 2 = 円8647.73 Mil.
Total Assets at the begining of last year (Jul22) was 円8,949 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,885 Mil.
Total Current Assets was 円3,410 Mil.
Total Current Liabilities was 円2,749 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.

Sougou Shouken Co's current Net Income (TTM) was 275. ==> 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.

Sougou Shouken Co's current Cash Flow from Operations (TTM) was 864. ==> 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 (Jul23)
=274.5/8346.811
=0.03288681

ROA (Last Year)=Net Income/Total Assets (Jul22)
=207.481/8948.649
=0.02318573

Sougou Shouken Co's return on assets of this year was 0.03288681. Sougou Shouken Co's return on assets of last year was 0.02318573. ==> 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.

Sougou Shouken Co's current Net Income (TTM) was 275. Sougou Shouken Co's current Cash Flow from Operations (TTM) was 864. ==> 864 > 275 ==> 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: Jul24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul23 to Jul24
=2418.793/8009.132
=0.30200439

Gearing (Last Year: Jul23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul22 to Jul23
=2884.656/8647.73
=0.33357378

Sougou Shouken Co's gearing of this year was 0.30200439. Sougou Shouken Co's gearing of last year was 0.33357378. ==> 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: Jul24)=Total Current Assets/Total Current Liabilities
=3137.02/2250.708
=1.39379253

Current Ratio (Last Year: Jul23)=Total Current Assets/Total Current Liabilities
=3409.789/2748.519
=1.24059139

Sougou Shouken Co's current ratio of this year was 1.39379253. Sougou Shouken Co's current ratio of last year was 1.24059139. ==> 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.

Sougou Shouken Co's number of shares in issue this year was 2.999. Sougou Shouken Co's number of shares in issue last year was 2.999. ==> 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
=4737.185/15796.169
=0.29989455

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4493.101/15863.479
=0.28323554

Sougou Shouken Co's gross margin of this year was 0.29989455. Sougou Shouken Co's gross margin of last year was 0.28323554. ==> 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 (Jul23)
=15796.169/8346.811
=1.89247953

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jul22)
=15863.479/8948.649
=1.77272335

Sougou Shouken Co's asset turnover of this year was 1.89247953. Sougou Shouken Co's asset turnover of last year was 1.77272335. ==> 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+1+1+1+1
=9

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

Sougou Shouken Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Sougou Shouken Co  (TSE:7850) 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.


Sougou Shouken Co Piotroski F-Score Related Terms

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Sougou Shouken Co Business Description

Traded in Other Exchanges
N/A
Address
3-4-48 Higashi-Naebo2jo, Higashi-ku, Hokkaido, Sapporo, JPN, 007-0802
Sougou Shouken Co Ltd provides commercial printing services in Japan. It is engaged in planning, design, printing, and processing of leaflets, catalogs, posters, DMs, POPs, and publications. Its services include advertising inserts and flyers, POP advertising, Postures, and brochures, among others. It is also involved in printing new year cards and the production of the exhibition, seminar, and various promotional materials for event planning and sales promotion.

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