Fuji Co (TSE:8278) Piotroski F-Score: 8 (As of Jul. 29, 2026) — 14% Above Median

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TSE:8278 Fuji Co Ltd TSE:8278
62 GF Score
Price 円2,052.00
! 4 Warning Signs
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What is Fuji Co Piotroski F-Score?

Fuji Co TSE:8278 +2.60% 62 Piotroski F-Score is 8 as of Jul. 29, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TSE:8278 with a GF Score™ of 62/100. The stock has 4 warning signs investors should review. Among 1,098 Retail - Cyclical companies, Fuji Co ranks better than 98.54% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Fuji Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:8278' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Fuji Co was 9. The lowest was 5. And the median was 7.

Fuji Co  (TSE:8278) 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.


Fuji Co Piotroski F-Score Related Terms


Fuji Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fuji 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.

Fuji Co Piotroski F-Score Chart

Fuji Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 7.00 7.00 8.00

Fuji Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.00 0.00 0.00 8.00 0.00

TSE:8278 vs DDS: Piotroski F-Score Comparison

For the Department Stores subindustry, Fuji 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.


Fuji Co Piotroski F-Score vs Retail - Cyclical Industry

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

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


TSE:8278
62GF Score
Fuji Co Ltd TSE:8278
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 円8,176 Mil.
Cash Flow from Operations was 円37,740 Mil.
Revenue was 円814,258 Mil.
Gross Profit was 円249,760 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was (411808 + 415212) / 2 = 円413510 Mil.
Total Assets at the begining of this year (Feb25) was 円411,808 Mil.
Long-Term Debt & Capital Lease Obligation was 円25,080 Mil.
Total Current Assets was 円99,218 Mil.
Total Current Liabilities was 円133,777 Mil.
Net Income was 円3,818 Mil.

Revenue was 円808,926 Mil.
Gross Profit was 円249,507 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was (427702 + 411808) / 2 = 円419755 Mil.
Total Assets at the begining of last year (Feb24) was 円427,702 Mil.
Long-Term Debt & Capital Lease Obligation was 円44,077 Mil.
Total Current Assets was 円78,744 Mil.
Total Current Liabilities was 円121,331 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.

Fuji Co's current Net Income (TTM) was 8,176. ==> 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.

Fuji Co's current Cash Flow from Operations (TTM) was 37,740. ==> 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 (Feb25)
=8176/411808
=0.01985391

ROA (Last Year)=Net Income/Total Assets (Feb24)
=3818/427702
=0.00892678

Fuji Co's return on assets of this year was 0.01985391. Fuji Co's return on assets of last year was 0.00892678. ==> 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.

Fuji Co's current Net Income (TTM) was 8,176. Fuji Co's current Cash Flow from Operations (TTM) was 37,740. ==> 37,740 > 8,176 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=25080/413510
=0.0606515

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=44077/419755
=0.10500649

Fuji Co's gearing of this year was 0.0606515. Fuji Co's gearing of last year was 0.10500649. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=99218/133777
=0.7416671

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=78744/121331
=0.64900149

Fuji Co's current ratio of this year was 0.7416671. Fuji Co's current ratio of last year was 0.64900149. ==> 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.

Fuji Co's number of shares in issue this year was 0.087. Fuji Co's number of shares in issue last year was 0.087. ==> 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
=249760/814258
=0.30673325

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=249507/808926
=0.3084423

Fuji Co's gross margin of this year was 0.30673325. Fuji Co's gross margin of last year was 0.3084423. ==> 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 (Feb25)
=814258/411808
=1.97727582

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=808926/427702
=1.89133088

Fuji Co's asset turnover of this year was 1.97727582. Fuji Co's asset turnover of last year was 1.89133088. ==> 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+0+1
=8

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

Fuji Co has an F-score of 8. 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 8 mean?
Fuji Co (TSE:8278) has a Piotroski F-Score of 8 as of Jul. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fuji Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Fuji Co's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Fuji Co ranks #16 out of 1098 companies in the Retail - Cyclical industry, placing it in the top 1.5%.
Is Fuji Co's Piotroski F-Score too high?
Fuji Co's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Retail - Cyclical industry median Piotroski F-Score is 6.00. Fuji Co's value of 8 is 33.3% above this industry median. Based on the distribution chart, Fuji Co ranks #16 out of 1098 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Fuji Co has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Fuji Co's Piotroski F-Score compare to DDS?
According to the Retail - Cyclical industry distribution chart, Fuji Co ranks #16 out of 1098 companies for Piotroski F-Score. This places Fuji Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Fuji Co's value of 8 is 33.3% above this benchmark. Historically, Fuji Co's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Fuji Co 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 6.00, based on 1,098 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. Fuji Co's current Piotroski F-Score of 8 is 33.3% 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 Fuji Co and its competitors. For the Retail - Cyclical industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fuji Co's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuji Co stock overvalued right now?
Fuji Co (TSE:8278) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 33.3% above the Retail - Cyclical industry median of 6.00. Fuji Co's overall GF Score™ is 62/100 with 4 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 Fuji Co (TSE:8278), the current Piotroski F-Score is 8 as of Jul. 29, 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.

Fuji Co Business Description

Address No. 1-2-1 Miyanishi, Ehime Prefecture, Matsuyama, JPN, 790-8567
Fuji Co Ltd is a Japan-based company mainly engaged in retail and retail-related business. It provides a wide range of merchandise, including foods, vegetables, apparel, cosmetics, groceries, and daily goods, as well as sale and rental of books, DVDs, and CDs. The retail-related business includes the manufacturing, processing, and sale of food products. The company also operates a real estate leasing business, a general travel business, and others. It is headquartered in Matsuyama, Japan.
62GF Score

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

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