Fushiki Kairiku Unso Co (TSE:9361) Piotroski F-Score: 8 (As of Jul. 26, 2026) — 60% Above Median

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TSE:9361 Fushiki Kairiku Unso Co Ltd TSE:9361
65 GF Score
Price 円2,070.00
GF Value 円1,319.49
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Fushiki Kairiku Unso Co Piotroski F-Score?

Fushiki Kairiku Unso Co TSE:9361 +0.24% 65 Piotroski F-Score is 8 as of Jul. 26, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates TSE:9361 with a GF Score™ of 65/100 and a GF Value™ of 円1,319.49 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 976 Transportation companies, Fushiki Kairiku Unso Co ranks better than 97.13% 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

Fushiki Kairiku Unso 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 Fushiki Kairiku Unso Co's Piotroski F-Score or its related term are showing as below:

TSE:9361' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Fushiki Kairiku Unso Co was 9. The lowest was 2. And the median was 5.

Fushiki Kairiku Unso Co  (TSE:9361) 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.


Fushiki Kairiku Unso Co Piotroski F-Score Related Terms


Fushiki Kairiku Unso Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fushiki Kairiku Unso 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.

Fushiki Kairiku Unso Co Piotroski F-Score Chart

Fushiki Kairiku Unso Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 7.00 9.00 5.00 8.00

Fushiki Kairiku Unso Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.00 8.00 0.00 0.00 0.00

Fushiki Kairiku Unso Co Piotroski F-Score Competitor Comparison

For the Marine Shipping subindustry, Fushiki Kairiku Unso 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.


Fushiki Kairiku Unso Co Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Fushiki Kairiku Unso Co's Piotroski F-Score distribution charts can be found below:

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


TSE:9361
65GF Score
Fushiki Kairiku Unso Co Ltd TSE:9361
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was 円683 Mil.
Cash Flow from Operations was 円2,108 Mil.
Revenue was 円13,453 Mil.
Gross Profit was 円2,371 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (23045.773 + 23517.136) / 2 = 円23281.4545 Mil.
Total Assets at the begining of this year (Jun24) was 円23,046 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,466 Mil.
Total Current Assets was 円5,880 Mil.
Total Current Liabilities was 円4,364 Mil.
Net Income was 円468 Mil.

Revenue was 円12,936 Mil.
Gross Profit was 円1,920 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (22378.415 + 23045.773) / 2 = 円22712.094 Mil.
Total Assets at the begining of last year (Jun23) was 円22,378 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,488 Mil.
Total Current Assets was 円5,344 Mil.
Total Current Liabilities was 円3,587 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.

Fushiki Kairiku Unso Co's current Net Income (TTM) was 683. ==> 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.

Fushiki Kairiku Unso Co's current Cash Flow from Operations (TTM) was 2,108. ==> 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 (Jun24)
=682.973/23045.773
=0.0296355

ROA (Last Year)=Net Income/Total Assets (Jun23)
=468.221/22378.415
=0.02092288

Fushiki Kairiku Unso Co's return on assets of this year was 0.0296355. Fushiki Kairiku Unso Co's return on assets of last year was 0.02092288. ==> 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.

Fushiki Kairiku Unso Co's current Net Income (TTM) was 683. Fushiki Kairiku Unso Co's current Cash Flow from Operations (TTM) was 2,108. ==> 2,108 > 683 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=3465.693/23281.4545
=0.14886067

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=4487.588/22712.094
=0.19758583

Fushiki Kairiku Unso Co's gearing of this year was 0.14886067. Fushiki Kairiku Unso Co's gearing of last year was 0.19758583. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=5879.587/4363.97
=1.34730234

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=5344.329/3587.114
=1.48986874

Fushiki Kairiku Unso Co's current ratio of this year was 1.34730234. Fushiki Kairiku Unso Co's current ratio of last year was 1.48986874. ==> 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.

Fushiki Kairiku Unso Co's number of shares in issue this year was 2.589. Fushiki Kairiku Unso Co's number of shares in issue last year was 2.589. ==> 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
=2370.75/13453.48
=0.17621835

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1920.181/12935.582
=0.14844179

Fushiki Kairiku Unso Co's gross margin of this year was 0.17621835. Fushiki Kairiku Unso Co's gross margin of last year was 0.14844179. ==> 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 (Jun24)
=13453.48/23045.773
=0.58377213

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=12935.582/22378.415
=0.57803835

Fushiki Kairiku Unso Co's asset turnover of this year was 0.58377213. Fushiki Kairiku Unso Co's asset turnover of last year was 0.57803835. ==> 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+0+1+1+1
=8

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

Fushiki Kairiku Unso 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?
Fushiki Kairiku Unso Co (TSE:9361) has a Piotroski F-Score of 8 as of Jul. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fushiki Kairiku Unso Co and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Fushiki Kairiku Unso Co's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Fushiki Kairiku Unso Co ranks #28 out of 976 companies in the Transportation industry, placing it in the top 2.9%.
Is Fushiki Kairiku Unso Co's Piotroski F-Score too high?
Fushiki Kairiku Unso Co's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Transportation industry median Piotroski F-Score is 6.00. Fushiki Kairiku Unso Co's value of 8 is 33.3% above this industry median. Based on the distribution chart, Fushiki Kairiku Unso Co ranks #28 out of 976 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Fushiki Kairiku Unso Co has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fushiki Kairiku Unso Co's Piotroski F-Score compare to competitors?
According to the Transportation industry distribution chart, Fushiki Kairiku Unso Co ranks #28 out of 976 companies for Piotroski F-Score. This places Fushiki Kairiku Unso Co in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Fushiki Kairiku Unso Co's value of 8 is 33.3% above this benchmark. Historically, Fushiki Kairiku Unso Co's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Fushiki Kairiku Unso 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 976 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. Fushiki Kairiku Unso 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 Fushiki Kairiku Unso Co 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. Fushiki Kairiku Unso Co's current Piotroski F-Score is 8, which is 60% above 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 Fushiki Kairiku Unso Co stock overvalued right now?
Based on GuruFocus' analysis, Fushiki Kairiku Unso Co (TSE:9361) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,319.49, compared to a current price of 円2,070.00 — trading 56.9% above its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 33.3% above the Transportation industry median of 6.00. Fushiki Kairiku Unso Co's overall GF Score™ is 65/100 with 1 warning sign 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 Fushiki Kairiku Unso Co (TSE:9361), the current Piotroski F-Score is 8 as of Jul. 26, 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 Fushiki Kairiku Unso Co (TSE:9361) Overvalued in 2026?

Based on GuruFocus' analysis, Fushiki Kairiku Unso Co stock appears to be overvalued. The current stock price of 円2,070.00 is trading 56.9% above its estimated GF Value™ of 円1,319.49. GuruFocus considers Fushiki Kairiku Unso Co to be Significantly Overvalued.

Key valuation signals for TSE:9361:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: 円1,319.49 vs. price of 円2,070.00 (56.9% above fair value)
  • GF Score™: 65/100 with 1 warning sign
  • Industry Position: 33.3% above the Transportation median (#28 of 976)

No single metric tells the full story. See the TSE:9361 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fushiki Kairiku Unso Co Business Description

Address No. 1, No. 5 town Fushikiminato, Toyama Prefecture, Takaoka, JPN, 933-0104
Fushiki Kairiku Unso Co Ltd is engaged in the port transportation business in Japan. The principal business activities of the company include warehousing, maritime transportation, occasional route business, shipping agency, customs clearance, packing, industrial waste collection and transportation, air transport agency, and measurement certification businesses, as well as business related to contracting and guarantee of the security.
65GF Score

Get the complete analysis for TSE:9361

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

円2,070.00
Price
円1,319.49
GF Value