K-uno Co (NGO:259A) Beneish M-Score: -2.33 (As of Jun. 26, 2026)


NGO:259A K-uno Co Ltd NGO:259A
9 GF Score
Price 円1,631.00
! 6 Warning Signs
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What is K-uno Co Beneish M-Score?

K-uno Co NGO:259A +0.99% 9 Beneish M-Score is -2.33 as of Jun. 26, 2026. GuruFocus rates NGO:259A with a GF Score™ of 9/100. The stock has 6 warning signs investors should review. Among 1,087 Retail - Cyclical companies, K-uno Co ranks worse than 67.25% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -2.33 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for K-uno Co's Beneish M-Score or its related term are showing as below:

NGO:259A' s Beneish M-Score Range Over the Past 10 Years
Min: -2.62   Med: -2.48   Max: -2.33
Current: -2.33

During the past 4 years, the highest Beneish M-Score of K-uno Co was -2.33. The lowest was -2.62. And the median was -2.48.

K-uno Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for K-uno Co's Beneish M-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.

K-uno Co Beneish M-Score Chart

K-uno Co Annual Data
Trend Sep22 Sep23 Sep24 Sep25
Beneish M-Score
0.00 0.00 -2.62 -2.33

K-uno Co Semi-Annual Data
Sep22 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial 0.00 -2.62 0.00 -2.33 0.00

NGO:259A vs TPR: Beneish M-Score Comparison

For the Luxury Goods subindustry, K-uno Co's Beneish M-Score, along with its competitors' market caps and Beneish M-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.

K-uno Co Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, K-uno Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where K-uno Co's Beneish M-Score falls into.


NGO:259A
9GF Score
K-uno Co Ltd NGO:259A
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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K-uno Co Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of K-uno Co for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 1.0277+0.528 * 1.0109+0.404 * 0.9767+0.892 * 1.0522+0.115 * 0.9301
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.01472-0.327 * 0.9355
=-2.33

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was 円439 Mil.
Revenue was 円7,004 Mil.
Gross Profit was 円4,059 Mil.
Total Current Assets was 円3,403 Mil.
Total Assets was 円4,542 Mil.
Property, Plant and Equipment(Net PPE) was 円531 Mil.
Depreciation, Depletion and Amortization(DDA) was 円89 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円2,300 Mil.
Long-Term Debt & Capital Lease Obligation was 円690 Mil.
Net Income was 円23 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-44 Mil.
 Total Receivables was 円406 Mil.
Revenue was 円6,657 Mil.
Gross Profit was 円3,899 Mil.
Total Current Assets was 円3,267 Mil.
Total Assets was 円4,404 Mil.
Property, Plant and Equipment(Net PPE) was 円533 Mil.
Depreciation, Depletion and Amortization(DDA) was 円82 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円2,370 Mil.
Long-Term Debt & Capital Lease Obligation was 円728 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(438.958 / 7004.176) / (405.922 / 6656.533)
=0.062671 / 0.060981
=1.0277

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(3899.112 / 6656.533) / (4058.565 / 7004.176)
=0.585757 / 0.579449
=1.0109

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (3402.875 + 530.707) / 4542.097) / (1 - (3267.412 + 532.655) / 4404.187)
=0.133972 / 0.137169
=0.9767

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=7004.176 / 6656.533
=1.0522

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(81.891 / (81.891 + 532.655)) / (88.749 / (88.749 + 530.707))
=0.133254 / 0.143269
=0.9301

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(0 / 7004.176) / (0 / 6656.533)
=0 / 0
=1

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((689.842 + 2299.577) / 4542.097) / ((728.45 + 2369.932) / 4404.187)
=0.658158 / 0.703508
=0.9355

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(22.803 - 0 - -44.055) / 4542.097
=0.01472

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

K-uno Co has a M-score of -2.33 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.33 mean?
K-uno Co (NGO:259A) has a Beneish M-Score of -2.33 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on K-uno Co and its competitors. According to the industry distribution chart, K-uno Co ranks #731 out of 1087 companies in the Retail - Cyclical industry, placing it in the top 67.2%.
Is K-uno Co's Beneish M-Score too high?
K-uno Co's current Beneish M-Score is -2.33. Based on the distribution chart, K-uno Co ranks #731 out of 1087 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, K-uno Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does K-uno Co's Beneish M-Score compare to TPR?
According to the Retail - Cyclical industry distribution chart, K-uno Co ranks #731 out of 1087 companies for Beneish M-Score. This places K-uno Co in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on K-uno Co and its competitors. K-uno Co's current Beneish M-Score is -2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is K-uno Co stock overvalued right now?
K-uno Co (NGO:259A) has a current Beneish M-Score of -2.33. The current Beneish M-Score is -2.33. K-uno Co's overall GF Score™ is 9/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For K-uno Co (NGO:259A), the current Beneish M-Score is -2.33 as of Jun. 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.

K-uno Co Business Description

Address 3-9 Nekohoridori, Chikusa-ku, Aichi Prefecture, Nagoya, JPN, 464-0032
K-uno Co Ltd is engaged in the Manufacturing and sales of jewelry and watches, custom-made products, remodeling, and repairs.
9GF Score

Get the complete analysis for NGO:259A

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

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