Softtex Co (NGO:550A) Beneish M-Score: -1.85 (As of Aug. 27, 2026)

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NGO:550A Softtex Co Ltd NGO:550A
21 GF Score
Price 円2,038.00
! 1 Warning Sign
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What is Softtex Co Beneish M-Score?

Softtex Co NGO:550A 21 Beneish M-Score is -1.85 as of Aug. 27, 2026. GuruFocus rates NGO:550A with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 2,638 Software companies, Softtex Co ranks worse than 79.38% 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 -1.85 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NGO:550A' s Beneish M-Score Range Over the Past 10 Years
Min: -1.85   Med: -1.85   Max: -1.85
Current: -1.85

During the past 3 years, the highest Beneish M-Score of Softtex Co was -1.85. The lowest was -1.85. And the median was -1.85.

Softtex Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Softtex 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.

Softtex Co Beneish M-Score Chart

Softtex Co Annual Data
Trend Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -1.85

Softtex Co Quarterly Data
Mar24 Mar25 Dec25 Mar26 Jun26
Beneish M-Score 0.00 0.00 0.00 -1.85 0.00

NGO:550A vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, Softtex 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.

Softtex Co Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Softtex Co's Beneish M-Score distribution charts can be found below:

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


NGO:550A
21GF Score
Softtex Co Ltd NGO:550A
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Softtex 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 Softtex 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 * 1.216+0.528 * 0.9965+0.404 * 0.8228+0.892 * 1.0209+0.115 * 0.6373
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9656+4.679 * 0.098475-0.327 * 0.8049
=-1.85

* 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:
Total Receivables was 円839 Mil.
Revenue was 円3,640 Mil.
Gross Profit was 円993 Mil.
Total Current Assets was 円1,807 Mil.
Total Assets was 円2,013 Mil.
Property, Plant and Equipment(Net PPE) was 円70 Mil.
Depreciation, Depletion and Amortization(DDA) was 円25 Mil.
Selling, General, & Admin. Expense(SGA) was 円243 Mil.
Total Current Liabilities was 円482 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Net Income was 円213 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円15 Mil.
 Total Receivables was 円676 Mil.
Revenue was 円3,565 Mil.
Gross Profit was 円970 Mil.
Total Current Assets was 円1,688 Mil.
Total Assets was 円1,934 Mil.
Property, Plant and Equipment(Net PPE) was 円87 Mil.
Depreciation, Depletion and Amortization(DDA) was 円18 Mil.
Selling, General, & Admin. Expense(SGA) was 円246 Mil.
Total Current Liabilities was 円575 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 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)
=(839.068 / 3639.63) / (675.855 / 3565)
=0.230537 / 0.189581
=1.216

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)
=(969.507 / 3565) / (993.296 / 3639.63)
=0.271951 / 0.272911
=0.9965

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 - (1806.66 + 70.219) / 2013.035) / (1 - (1687.726 + 86.837) / 1933.503)
=0.067637 / 0.082203
=0.8228

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
=3639.63 / 3565
=1.0209

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))
=(17.679 / (17.679 + 86.837)) / (25.371 / (25.371 + 70.219))
=0.169151 / 0.265415
=0.6373

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)
=(242.561 / 3639.63) / (246.048 / 3565)
=0.066644 / 0.069018
=0.9656

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)
=((0 + 481.944) / 2013.035) / ((0 + 575.121) / 1933.503)
=0.239412 / 0.29745
=0.8049

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
=(213.463 - 0 - 15.229) / 2013.035
=0.098475

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.

Softtex Co has a M-score of -1.85 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 -1.85 mean?
Softtex Co (NGO:550A) has a Beneish M-Score of -1.85 as of Aug. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Softtex Co and its competitors. According to the industry distribution chart, Softtex Co ranks #2094 out of 2638 companies in the Software industry, placing it in the top 79.4%.
Is Softtex Co's Beneish M-Score too high?
Softtex Co's current Beneish M-Score is -1.85. Based on the distribution chart, Softtex Co ranks #2094 out of 2638 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Softtex Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Softtex Co's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Softtex Co ranks #2094 out of 2638 companies for Beneish M-Score. This places Softtex 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 Software company?
A good Beneish M-Score depends on the Software 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 Softtex Co and its competitors. Softtex Co's current Beneish M-Score is -1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Softtex Co stock overvalued right now?
Softtex Co (NGO:550A) has a current Beneish M-Score of -1.85. The current Beneish M-Score is -1.85. Softtex Co's overall GF Score™ is 21/100 with 1 warning sign 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 Softtex Co (NGO:550A), the current Beneish M-Score is -1.85 as of Aug. 27, 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.

Softtex Co Business Description

Other Exchanges 550A:Japan
Address 5-1-5 Imaike, Chikusa-ku, Nagoya Center Plaza Building 4th Floor, Nagoya, JPN, 464-0850
Softtex Co Ltd provides computer system design, software development, internet-related system services, computer consultation and training, software package development and support, and medical system construction and support.
21GF Score

Get the complete analysis for NGO:550A

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

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