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Mitsui-Soko Holdings Co (TSE:9302) Piotroski F-Score : 5 (As of Mar. 05, 2025)


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What is Mitsui-Soko Holdings Co Piotroski F-Score?

The zones of discrimination were as such:

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

Mitsui-Soko Holdings 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 Mitsui-Soko Holdings Co's Piotroski F-Score or its related term are showing as below:

TSE:9302' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Mitsui-Soko Holdings Co was 9. The lowest was 4. And the median was 7.


Mitsui-Soko Holdings Co Piotroski F-Score Historical Data

The historical data trend for Mitsui-Soko Holdings 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.

Mitsui-Soko Holdings Co Piotroski F-Score Chart

Mitsui-Soko Holdings Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 9.00 9.00 6.00 5.00

Mitsui-Soko Holdings Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 5.00 4.00 5.00 5.00

Competitive Comparison of Mitsui-Soko Holdings Co's Piotroski F-Score

For the Integrated Freight & Logistics subindustry, Mitsui-Soko Holdings 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.


Mitsui-Soko Holdings Co's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Mitsui-Soko Holdings Co's Piotroski F-Score distribution charts can be found below:

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


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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 2132 + 2975 + 2872 + 3114 = 円11,093 Mil.
Cash Flow from Operations was 4873 + 8964 + 8871 + 6778 = 円29,486 Mil.
Revenue was 63128 + 65618 + 73052 + 73330 = 円275,128 Mil.
Gross Profit was 8803 + 9093 + 11138 + 11131 = 円40,165 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(257872 + 263543 + 0 + 279007 + 285298) / 5 = 円271430 Mil.
Total Assets at the begining of this year (Dec23) was 円257,872 Mil.
Long-Term Debt & Capital Lease Obligation was 円58,528 Mil.
Total Current Assets was 円91,320 Mil.
Total Current Liabilities was 円70,794 Mil.
Net Income was 2426 + 3780 + 3402 + 2793 = 円12,401 Mil.

Revenue was 66519 + 65986 + 65873 + 65604 = 円263,982 Mil.
Gross Profit was 9669 + 10932 + 10541 + 10051 = 円41,193 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(259912 + 258679 + 261048 + 264799 + 257872) / 5 = 円260462 Mil.
Total Assets at the begining of last year (Dec22) was 円259,912 Mil.
Long-Term Debt & Capital Lease Obligation was 円72,081 Mil.
Total Current Assets was 円77,145 Mil.
Total Current Liabilities was 円51,006 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.

Mitsui-Soko Holdings Co's current Net Income (TTM) was 11,093. ==> 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.

Mitsui-Soko Holdings Co's current Cash Flow from Operations (TTM) was 29,486. ==> 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 (Dec23)
=11093/257872
=0.04301747

ROA (Last Year)=Net Income/Total Assets (Dec22)
=12401/259912
=0.0477123

Mitsui-Soko Holdings Co's return on assets of this year was 0.04301747. Mitsui-Soko Holdings Co's return on assets of last year was 0.0477123. ==> 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.

Mitsui-Soko Holdings Co's current Net Income (TTM) was 11,093. Mitsui-Soko Holdings Co's current Cash Flow from Operations (TTM) was 29,486. ==> 29,486 > 11,093 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=58528/271430
=0.21562834

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=72081/260462
=0.27674286

Mitsui-Soko Holdings Co's gearing of this year was 0.21562834. Mitsui-Soko Holdings Co's gearing of last year was 0.27674286. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=91320/70794
=1.28993983

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=77145/51006
=1.51246912

Mitsui-Soko Holdings Co's current ratio of this year was 1.28993983. Mitsui-Soko Holdings Co's current ratio of last year was 1.51246912. ==> 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.

Mitsui-Soko Holdings Co's number of shares in issue this year was 24.937. Mitsui-Soko Holdings Co's number of shares in issue last year was 24.911. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=40165/275128
=0.1459866

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=41193/263982
=0.15604473

Mitsui-Soko Holdings Co's gross margin of this year was 0.1459866. Mitsui-Soko Holdings Co's gross margin of last year was 0.15604473. ==> 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 (Dec23)
=275128/257872
=1.06691692

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=263982/259912
=1.01565915

Mitsui-Soko Holdings Co's asset turnover of this year was 1.06691692. Mitsui-Soko Holdings Co's asset turnover of last year was 1.01565915. ==> 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+1+1+0+0+0+1
=5

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

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

Mitsui-Soko Holdings Co  (TSE:9302) 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.


Mitsui-Soko Holdings Co Piotroski F-Score Related Terms

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Mitsui-Soko Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
3-22-23, Kaigan, Minato-ku, Tokyo, JPN, 108-0022
Mitsui-Soko Holdings Co Ltd is a Japan-based company engaged in the logistics business. The company operates through two segments namely Logistics and Real estate. Its Logistics segments provide services such as warehousing, port-related work, and operations to shipping companies, multimodal transportation provided by overseas group companies, airfreight transportation, third-party logistics, outsourcing services, supply chain management support services, and land transportation. The Real estate segment renders services centered on building lease.

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