Japan Logistic Systems (TSE:9060) Piotroski F-Score: 7 (As of Jun. 28, 2026) — Near Median


TSE:9060 Japan Logistic Systems Corp TSE:9060
76 GF Score
Price 円4,300.00
GF Value 円4,444.13
Valuation Fairly Valued
! 3 Warning Signs
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What is Japan Logistic Systems Piotroski F-Score?

Japan Logistic Systems TSE:9060 +0.23% 76 Piotroski F-Score is 7 as of Jun. 28, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSE:9060 with a GF Score™ of 76/100 and a GF Value™ of 円4,444.13 (Fairly Valued). The stock has 3 warning signs investors should review. Among 973 Transportation companies, Japan Logistic Systems ranks better than 86.84% 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

Japan Logistic Systems 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 Japan Logistic Systems's Piotroski F-Score or its related term are showing as below:

TSE:9060' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 7

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

Japan Logistic Systems  (TSE:9060) 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.


Japan Logistic Systems Piotroski F-Score Related Terms


Japan Logistic Systems Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Japan Logistic Systems'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.

Japan Logistic Systems Piotroski F-Score Chart

Japan Logistic Systems 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 6.00 6.00 7.00 7.00

Japan Logistic Systems 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 7.00 0.00 7.00

TSE:9060 vs ODFL, XPO, SAIA: Piotroski F-Score Comparison

For the Trucking subindustry, Japan Logistic Systems'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.


Japan Logistic Systems Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Japan Logistic Systems's Piotroski F-Score distribution charts can be found below:

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


TSE:9060
76GF Score
Japan Logistic Systems Corp TSE:9060
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765 Mil.
Cash Flow from Operations was 円5,902 Mil.
Revenue was 円71,317 Mil.
Gross Profit was 円5,092 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (48827.278 + 51312.006) / 2 = 円50069.642 Mil.
Total Assets at the begining of this year (Mar25) was 円48,827 Mil.
Long-Term Debt & Capital Lease Obligation was 円13,308 Mil.
Total Current Assets was 円15,843 Mil.
Total Current Liabilities was 円18,021 Mil.
Net Income was 円461 Mil.

Revenue was 円66,002 Mil.
Gross Profit was 円4,817 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (47868.345 + 48827.278) / 2 = 円48347.8115 Mil.
Total Assets at the begining of last year (Mar24) was 円47,868 Mil.
Long-Term Debt & Capital Lease Obligation was 円11,758 Mil.
Total Current Assets was 円16,042 Mil.
Total Current Liabilities was 円18,371 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.

Japan Logistic Systems's current Net Income (TTM) was 765. ==> 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.

Japan Logistic Systems's current Cash Flow from Operations (TTM) was 5,902. ==> 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)
=765.277/48827.278
=0.01567314

ROA (Last Year)=Net Income/Total Assets (Mar24)
=461.235/47868.345
=0.00963549

Japan Logistic Systems's return on assets of this year was 0.01567314. Japan Logistic Systems's return on assets of last year was 0.00963549. ==> 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.

Japan Logistic Systems's current Net Income (TTM) was 765. Japan Logistic Systems's current Cash Flow from Operations (TTM) was 5,902. ==> 5,902 > 765 ==> 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
=13307.67/50069.642
=0.26578321

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=11758.355/48347.8115
=0.24320346

Japan Logistic Systems's gearing of this year was 0.26578321. Japan Logistic Systems's gearing of last year was 0.24320346. ==> 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
=15842.884/18020.853
=0.87914174

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=16042.119/18371.261
=0.87321817

Japan Logistic Systems's current ratio of this year was 0.87914174. Japan Logistic Systems's current ratio of last year was 0.87321817. ==> 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.

Japan Logistic Systems's number of shares in issue this year was 1.354. Japan Logistic Systems's number of shares in issue last year was 1.354. ==> 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
=5092.215/71317.499
=0.07140204

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4817.065/66001.552
=0.07298412

Japan Logistic Systems's gross margin of this year was 0.07140204. Japan Logistic Systems's gross margin of last year was 0.07298412. ==> 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 (Mar25)
=71317.499/48827.278
=1.46060772

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=66001.552/47868.345
=1.37881416

Japan Logistic Systems's asset turnover of this year was 1.46060772. Japan Logistic Systems's asset turnover of last year was 1.37881416. ==> 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+0+1+1+0+1
=7

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

Japan Logistic Systems 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?
Japan Logistic Systems (TSE:9060) has a Piotroski F-Score of 7 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Japan Logistic Systems and its competitors. This is near median its historical median of 7.00. Over the past decade, Japan Logistic Systems' Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Japan Logistic Systems ranks #128 out of 973 companies in the Transportation industry, placing it in the top 13.2%.
Is Japan Logistic Systems' Piotroski F-Score too high?
Japan Logistic Systems' current Piotroski F-Score of 7 is near 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 Transportation industry median Piotroski F-Score is 6.00. Japan Logistic Systems' value of 7 is 16.7% above this industry median. Based on the distribution chart, Japan Logistic Systems ranks #128 out of 973 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Logistic Systems has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Logistic Systems' Piotroski F-Score compare to ODFL and XPO?
According to the Transportation industry distribution chart, Japan Logistic Systems ranks #128 out of 973 companies for Piotroski F-Score. This places Japan Logistic Systems in the top 13% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Japan Logistic Systems' value of 7 is 16.7% above this benchmark. Historically, Japan Logistic Systems' 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, Japan Logistic Systems 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 973 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. Japan Logistic Systems's current Piotroski F-Score of 7 is 16.7% 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 Japan Logistic Systems and its competitors. For the Transportation 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. Japan Logistic Systems's current Piotroski F-Score is 7, which is near 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 Japan Logistic Systems stock overvalued right now?
Based on GuruFocus' analysis, Japan Logistic Systems (TSE:9060) is currently considered Fairly Valued. The stock's GF Value™ is 円4,444.13, compared to a current price of 円4,300.00 — trading 3.2% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 16.7% above the Transportation industry median of 6.00. Japan Logistic Systems' overall GF Score™ is 76/100 with 3 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 Japan Logistic Systems (TSE:9060), the current Piotroski F-Score is 7 as of Jun. 28, 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 Japan Logistic Systems (TSE:9060) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Logistic Systems stock appears to be undervalued. The current stock price of 円4,300.00 is trading 3.2% below its estimated GF Value™ of 円4,444.13. GuruFocus considers Japan Logistic Systems to be Fairly Valued.

Key valuation signals for TSE:9060:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: 円4,444.13 vs. price of 円4,300.00 (3.2% below fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 16.7% above the Transportation median (#128 of 973)

No single metric tells the full story. See the TSE:9060 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Logistic Systems Business Description

Address 5-11-3, Shinbashi, Shinbashi Sumitomo Building, Minato-ku, Tokyo, JPN, 105-0004
Japan Logistic Systems Corp provides lorry and cargo transportation as well as third-party logistic services. It also offers warehousing, insurance agency, worker dispatching as well as industrial waste collection and transportation services.
76GF Score

Get the complete analysis for TSE:9060

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

円4,300.00
Price
円4,444.13
GF Value