Succeed Co (TSE:9256) Piotroski F-Score: 5 (As of Jun. 30, 2026) — Near Median


TSE:9256 Succeed Co Ltd TSE:9256
74 GF Score
Price 円4,635.00
GF Value 円1,067.96
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Succeed Co Piotroski F-Score?

Succeed Co TSE:9256 +5.10% 74 Piotroski F-Score is 5 as of Jun. 30, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:9256 with a GF Score™ of 74/100 and a GF Value™ of 円1,067.96 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 254 Education companies, Succeed Co ranks better than 53.54% on this metric.

The zones of discrimination were as such:

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

Succeed Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

TSE:9256' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 5

During the past 7 years, the highest Piotroski F-Score of Succeed Co was 8. The lowest was 4. And the median was 5.

Succeed Co  (TSE:9256) 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.


Succeed Co Piotroski F-Score Related Terms


Succeed Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Succeed 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.

Succeed Co Piotroski F-Score Chart

Succeed Co Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial 8.00 4.00 4.00 7.00 5.00

Succeed Co Semi-Annual Data
Mar20 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 4.00 0.00 7.00 0.00 5.00

TSE:9256 vs EDU, TAL, LAUR: Piotroski F-Score Comparison

For the Education & Training Services subindustry, Succeed 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.


Succeed Co Piotroski F-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Succeed Co's Piotroski F-Score distribution charts can be found below:

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


TSE:9256
74GF Score
Succeed Co Ltd TSE:9256
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247 Mil.
Cash Flow from Operations was 円122 Mil.
Revenue was 円4,289 Mil.
Gross Profit was 円820 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (3001.613 + 3391.379) / 2 = 円3196.496 Mil.
Total Assets at the begining of this year (Mar25) was 円3,002 Mil.
Long-Term Debt & Capital Lease Obligation was 円2 Mil.
Total Current Assets was 円2,609 Mil.
Total Current Liabilities was 円652 Mil.
Net Income was 円260 Mil.

Revenue was 円3,470 Mil.
Gross Profit was 円638 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (2762.172 + 3001.613) / 2 = 円2881.8925 Mil.
Total Assets at the begining of last year (Mar24) was 円2,762 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円2,611 Mil.
Total Current Liabilities was 円529 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.

Succeed Co's current Net Income (TTM) was 247. ==> 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.

Succeed Co's current Cash Flow from Operations (TTM) was 122. ==> 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)
=246.74/3001.613
=0.08220247

ROA (Last Year)=Net Income/Total Assets (Mar24)
=259.935/2762.172
=0.09410529

Succeed Co's return on assets of this year was 0.08220247. Succeed Co's return on assets of last year was 0.09410529. ==> 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.

Succeed Co's current Net Income (TTM) was 247. Succeed Co's current Cash Flow from Operations (TTM) was 122. ==> 122 <= 247 ==> 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
=2.358/3196.496
=0.00073768

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/2881.8925
=0

Succeed Co's gearing of this year was 0.00073768. Succeed Co's gearing of last year was 0. ==> 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
=2609.046/652.225
=4.00022385

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2611.325/528.843
=4.93780763

Succeed Co's current ratio of this year was 4.00022385. Succeed Co's current ratio of last year was 4.93780763. ==> 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.

Succeed Co's number of shares in issue this year was 3.609. Succeed Co's number of shares in issue last year was 3.61. ==> 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
=819.743/4289.115
=0.19112171

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=638.222/3469.824
=0.18393498

Succeed Co's gross margin of this year was 0.19112171. Succeed Co's gross margin of last year was 0.18393498. ==> 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)
=4289.115/3001.613
=1.42893671

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3469.824/2762.172
=1.25619404

Succeed Co's asset turnover of this year was 1.42893671. Succeed Co's asset turnover of last year was 1.25619404. ==> 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+0+0+0+0+1+1+1
=5

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

Succeed Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Succeed Co (TSE:9256) has a Piotroski F-Score of 5 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Succeed Co and its competitors. This is near median its historical median of 5.00. Over the past decade, Succeed Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Succeed Co ranks #118 out of 254 companies in the Education industry, placing it in the top 46.5%.
Is Succeed Co's Piotroski F-Score too high?
Succeed Co's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Education industry median Piotroski F-Score is 5.00. Succeed Co's value of 5 is 0% at this industry median. Based on the distribution chart, Succeed Co ranks #118 out of 254 companies in the Education industry, which is above the industry midpoint. Overall, Succeed Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Succeed Co's Piotroski F-Score compare to EDU and TAL?
According to the Education industry distribution chart, Succeed Co ranks #118 out of 254 companies for Piotroski F-Score. This puts Succeed Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Succeed Co's value of 5 is 0% at this benchmark. Historically, Succeed Co'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 5.00 vs. the industry median of 5.00, Succeed Co has consistently been at 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 an Education company?
The median Piotroski F-Score among Education companies is 5.00, based on 254 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. Succeed Co's current Piotroski F-Score of 5 is 0% at 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 Succeed Co and its competitors. For the Education 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. Succeed Co's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Succeed Co stock overvalued right now?
Based on GuruFocus' analysis, Succeed Co (TSE:9256) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,067.96, compared to a current price of 円4,635.00 — trading 334% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Education industry median of 5.00. Succeed Co's overall GF Score™ is 74/100 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 Succeed Co (TSE:9256), the current Piotroski F-Score is 5 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 Succeed Co (TSE:9256) Overvalued in 2026?

Based on GuruFocus' analysis, Succeed Co stock appears to be overvalued. The current stock price of 円4,635.00 is trading 334% above its estimated GF Value™ of 円1,067.96. GuruFocus considers Succeed Co to be Significantly Overvalued.

Key valuation signals for TSE:9256:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: 円1,067.96 vs. price of 円4,635.00 (334% above fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 0% at the Education median (#118 of 254)

No single metric tells the full story. See the TSE:9256 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Succeed Co Business Description

Address 1-4-15 Takadanobaba, 8th Floor, Taiki Life Takadanobaba Building, Shinjuku-ku, Tokyo, JPN, 169-0075
Succeed Co Ltd is engaged in providing In-house educational services such as the operation of tutoring classes, the introduction of tutors, and others. The company's reportable segments are: welfare human resource support business, educational human resource support business, individual instruction classroom business, and private tutoring business. Maximum revenue is generated from its individual instruction classroom business, which operates community-based individualized tutoring schools providing lessons to meet various needs, such as school supplementary lessons, exam preparation, and preparation for various tests for students from the first grade of elementary school to university entrance exam candidates.
74GF Score

Get the complete analysis for TSE:9256

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

円4,635.00
Price
円1,067.96
GF Value