Kyokuyo Co (TSE:1301) Beneish M-Score: -2.14 (As of Jul. 11, 2026)

What is Kyokuyo Co Beneish M-Score?

Kyokuyo Co TSE:1301 -0.22% 67 Beneish M-Score is -2.14 as of Jul. 11, 2026. GuruFocus rates TSE:1301 with a GF Score™ of 67/100 and a GF Value™ of 円4,736.70 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,848 Consumer Packaged Goods companies, Kyokuyo Co ranks worse than 73.86% 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 -2.14 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:1301' s Beneish M-Score Range Over the Past 10 Years
Min: -2.84 Med: -2.27 Max: -2.01
Current: -2.14

During the past 13 years, the highest Beneish M-Score of Kyokuyo Co was -2.01. The lowest was -2.84. And the median was -2.27.

Kyokuyo Co Beneish M-Score Related Terms

Kyokuyo Co Beneish M-Score Historical Data

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The historical data trend for Kyokuyo 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.

Kyokuyo Co Beneish M-Score Chart

Kyokuyo Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-2.51

-2.01

-2.26

-2.30

-2.14

Kyokuyo Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-2.30	0.00	0.00	0.00	-2.14

TSE:1301 vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, Kyokuyo 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.

Kyokuyo Co Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kyokuyo Co's Beneish M-Score distribution charts can be found below:

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

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67GF Score

Kyokuyo Co Ltd TSE:1301

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Kyokuyo 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 Kyokuyo Co for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.9603

0.528 * 1.0379

0.404 * 1.2563

0.892 * 1.1055

0.115 * 0.8827

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9983

4.679 * 0.035429

0.327 * 0.9933

-2.14

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was 円39,212 Mil.
Revenue was 円334,612 Mil.
Gross Profit was 円41,346 Mil.
Total Current Assets was 円156,704 Mil.
Total Assets was 円214,119 Mil.
Property, Plant and Equipment(Net PPE) was 円28,946 Mil.
Depreciation, Depletion and Amortization(DDA) was 円3,138 Mil.
Selling, General, & Admin. Expense(SGA) was 円30,614 Mil.
Total Current Liabilities was 円98,822 Mil.
Long-Term Debt & Capital Lease Obligation was 円30,739 Mil.
Net Income was 円6,841 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-745 Mil.

Total Receivables was 円36,935 Mil.
Revenue was 円302,681 Mil.
Gross Profit was 円38,819 Mil.
Total Current Assets was 円134,258 Mil.
Total Assets was 円182,117 Mil.
Property, Plant and Equipment(Net PPE) was 円28,585 Mil.
Depreciation, Depletion and Amortization(DDA) was 円2,701 Mil.
Selling, General, & Admin. Expense(SGA) was 円27,739 Mil.
Total Current Liabilities was 円74,995 Mil.
Long-Term Debt & Capital Lease Obligation was 円35,943 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)
	=	(39212 / 334612)	/	(36935 / 302681)
	=	0.117186	/	0.122026
	=	0.9603

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)
	=	(38819 / 302681)	/	(41346 / 334612)
	=	0.128251	/	0.123564
	=	1.0379

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 - (156704 + 28946) / 214119)	/	(1 - (134258 + 28585) / 182117)
	=	0.132959	/	0.105833
	=	1.2563

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
	=	334612	/	302681
	=	1.1055

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))
	=	(2701 / (2701 + 28585))	/	(3138 / (3138 + 28946))
	=	0.086333	/	0.097806
	=	0.8827

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)
	=	(30614 / 334612)	/	(27739 / 302681)
	=	0.091491	/	0.091644
	=	0.9983

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)
	=	((30739 + 98822) / 214119)	/	((35943 + 74995) / 182117)
	=	0.605089	/	0.609158
	=	0.9933

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
	=	(6841 - 0	-	-745)	/	214119
	=	0.035429

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.

Kyokuyo Co has a M-score of -2.14 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 -2.14 mean?

Kyokuyo Co (TSE:1301) has a Beneish M-Score of -2.14 as of Jul. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kyokuyo Co and its competitors. According to the industry distribution chart, Kyokuyo Co ranks #1365 out of 1848 companies in the Consumer Packaged Goods industry, placing it in the top 73.9%.

Is Kyokuyo Co's Beneish M-Score too high?

Kyokuyo Co's current Beneish M-Score is -2.14. Based on the distribution chart, Kyokuyo Co ranks #1365 out of 1848 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Kyokuyo Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Kyokuyo Co's Beneish M-Score compare to KHC and GIS?

According to the Consumer Packaged Goods industry distribution chart, Kyokuyo Co ranks #1365 out of 1848 companies for Beneish M-Score. This places Kyokuyo 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 Consumer Packaged Goods company?

A good Beneish M-Score depends on the Consumer Packaged Goods 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 Kyokuyo Co and its competitors. Kyokuyo Co's current Beneish M-Score is -2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Kyokuyo Co stock overvalued right now?

Based on GuruFocus' analysis, Kyokuyo Co (TSE:1301) is currently considered Fairly Valued. The stock's GF Value™ is 円4,736.70, compared to a current price of 円4,505.00 — trading 4.9% below its estimated fair value. The current Beneish M-Score is -2.14. Kyokuyo Co's overall GF Score™ is 67/100 with 4 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 Kyokuyo Co (TSE:1301), the current Beneish M-Score is -2.14 as of Jul. 11, 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 Kyokuyo Co (TSE:1301) Overvalued in 2026?

Based on GuruFocus' analysis, Kyokuyo Co stock appears to be undervalued. The current stock price of 円4,505.00 is trading 4.9% below its estimated GF Value™ of 円4,736.70. GuruFocus considers Kyokuyo Co to be Fairly Valued.

Key valuation signals for TSE:1301:

Beneish M-Score: -2.14
GF Value™: 円4,736.70 vs. price of 円4,505.00 (4.9% below fair value)
GF Score™: 67/100 with 4 warning signs

No single metric tells the full story. See the TSE:1301 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Kyokuyo Co Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies TSE:2053 TSE:2288 TSE:2226 TSE:2612 TSE:2060 TSE:2918 TSE:1375 TSE:2908 TSE:2594 TSE:2923 XSWX:NESN XPAR:BN BOG:NUTRESA TSE:2802 NSE:NESTLEIND SHSE:603288 KHC SHSE:600887 GIS SZSE:300999

Other Exchanges KYK:Germany

Address Kokusai Sanno Building, 3-5, 3-chome, Akasaka, Minato-ku, Tokyo, JPN, 107-0052

Website http://www.kyokuyo.co.jp

Kyokuyo Co Ltd is a Japan-based food company focusing on marine products. The firm is mainly engaged in procurement, processing and sales of marine food products. Its business activities are divided into five business segments including fisheries trading business, bonito business, frozen food business, room temperature food business and logistics service business. It sells its products to domestic sushi rolls, restaurants, pubs, supermarkets for fish farms and prepared foods, convenience stores, business establishments meals and elderly facilities.

67GF Score

Get the complete analysis for TSE:1301

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

円4,505.00

Price

円4,736.70

GF Value

View TSE:1301 Analysis

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