Rikei (TSE:8226) Piotroski F-Score: 7 (As of Jun. 30, 2026) — 17% Above Median


TSE:8226 Rikei Corp TSE:8226
85 GF Score
Price 円370.00
GF Value 円455.67
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Rikei Piotroski F-Score?

Rikei TSE:8226 +0.54% 85 Piotroski F-Score is 7 as of Jun. 30, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:8226 with a GF Score™ of 85/100 and a GF Value™ of 円455.67 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,743 Software companies, Rikei ranks better than 91.8% 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

Rikei 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 Rikei's Piotroski F-Score or its related term are showing as below:

TSE:8226' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Rikei was 8. The lowest was 4. And the median was 6.

Rikei  (TSE:8226) 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.


Rikei Piotroski F-Score Related Terms


Rikei Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Rikei'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.

Rikei Piotroski F-Score Chart

Rikei 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 5.00 4.00 6.00 6.00 7.00

Rikei 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 6.00 0.00 7.00

TSE:8226 vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, Rikei'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.


Rikei Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Rikei's Piotroski F-Score distribution charts can be found below:

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


TSE:8226
85GF Score
Rikei Corp TSE:8226
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746 Mil.
Cash Flow from Operations was 円1,068 Mil.
Revenue was 円19,536 Mil.
Gross Profit was 円3,727 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (11084.348 + 12944.006) / 2 = 円12014.177 Mil.
Total Assets at the begining of this year (Mar25) was 円11,084 Mil.
Long-Term Debt & Capital Lease Obligation was 円487 Mil.
Total Current Assets was 円12,153 Mil.
Total Current Liabilities was 円6,175 Mil.
Net Income was 円661 Mil.

Revenue was 円18,726 Mil.
Gross Profit was 円3,532 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (10305.205 + 11084.348) / 2 = 円10694.7765 Mil.
Total Assets at the begining of last year (Mar24) was 円10,305 Mil.
Long-Term Debt & Capital Lease Obligation was 円48 Mil.
Total Current Assets was 円10,292 Mil.
Total Current Liabilities was 円5,389 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.

Rikei's current Net Income (TTM) was 746. ==> 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.

Rikei's current Cash Flow from Operations (TTM) was 1,068. ==> 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)
=746.49/11084.348
=0.06734632

ROA (Last Year)=Net Income/Total Assets (Mar24)
=661.261/10305.205
=0.06416767

Rikei's return on assets of this year was 0.06734632. Rikei's return on assets of last year was 0.06416767. ==> 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.

Rikei's current Net Income (TTM) was 746. Rikei's current Cash Flow from Operations (TTM) was 1,068. ==> 1,068 > 746 ==> 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
=487.412/12014.177
=0.04056974

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=47.9/10694.7765
=0.00447882

Rikei's gearing of this year was 0.04056974. Rikei's gearing of last year was 0.00447882. ==> 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
=12153.288/6174.881
=1.96818174

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=10292.445/5388.891
=1.9099375

Rikei's current ratio of this year was 1.96818174. Rikei's current ratio of last year was 1.9099375. ==> 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.

Rikei's number of shares in issue this year was 15.119. Rikei's number of shares in issue last year was 15.119. ==> 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
=3726.819/19535.97
=0.19076703

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3532.063/18725.797
=0.18862017

Rikei's gross margin of this year was 0.19076703. Rikei's gross margin of last year was 0.18862017. ==> 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)
=19535.97/11084.348
=1.76248256

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=18725.797/10305.205
=1.81712028

Rikei's asset turnover of this year was 1.76248256. Rikei's asset turnover of last year was 1.81712028. ==> 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+1+0+1+1+1+0
=7

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

Rikei 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?
Rikei (TSE:8226) has a Piotroski F-Score of 7 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Rikei and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Rikei's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Rikei ranks #225 out of 2743 companies in the Software industry, placing it in the top 8.2%.
Is Rikei's Piotroski F-Score too high?
Rikei'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 4.00 to a high of 8.00. The Software industry median Piotroski F-Score is 5.00. Rikei's value of 7 is 40% above this industry median. Based on the distribution chart, Rikei ranks #225 out of 2743 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Rikei has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rikei's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Rikei ranks #225 out of 2743 companies for Piotroski F-Score. This places Rikei in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Rikei's value of 7 is 40% above this benchmark. Historically, Rikei's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Rikei 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,743 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. Rikei'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 Rikei and its competitors. For the Software 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. Rikei'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 Rikei stock overvalued right now?
Based on GuruFocus' analysis, Rikei (TSE:8226) is currently considered Modestly Undervalued. The stock's GF Value™ is 円455.67, compared to a current price of 円370.00 — trading 18.8% below 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 Software industry median of 5.00. Rikei's overall GF Score™ is 85/100 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 Rikei (TSE:8226), the current Piotroski F-Score is 7 as of Jun. 30, 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 Rikei (TSE:8226) Overvalued in 2026?

Based on GuruFocus' analysis, Rikei stock appears to be undervalued. The current stock price of 円370.00 is trading 18.8% below its estimated GF Value™ of 円455.67. GuruFocus considers Rikei to be Modestly Undervalued.

Key valuation signals for TSE:8226:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: 円455.67 vs. price of 円370.00 (18.8% below fair value)
  • GF Score™: 85/100 with 5 warning signs
  • Industry Position: 40% above the Software median (#225 of 2743)

No single metric tells the full story. See the TSE:8226 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rikei Business Description

Address Shinjuku Nomura Building, 1-26-2 Nishi Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-0535
Rikei Corp is a solution provider for the IT and electronics industries. Rikei offers a wide variety of solutions and advanced products in the fields of system solutions such as IT infrastructure, office systems, digital marketing, business administration strategy, IoT, VR and information security. It also provides network solutions such as satellite communication, data transfer systems, digital video transfer systems, network systems for telecommunication operators and other private companies. In addition to solutions, it provides electronic components and devices, such as high-frequency components, adhesives for industrial use, testers for automotive audio and navigation equipment, power grid analysis systems, and defence-related machinery.
85GF Score

Get the complete analysis for TSE:8226

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

円370.00
Price
円455.67
GF Value