Dai-Ichi Cutter Kogyo KK (TSE:1716) Beneish M-Score: -2.44 (As of Jul. 15, 2026)

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Dai-Ichi Cutter Kogyo KK TSE:1716

71 GF Score

Price 円1,410.00

GF Value 円1,333.14

Valuation Fairly Valued

4 Warning Signs

View Full Analysis

What is Dai-Ichi Cutter Kogyo KK Beneish M-Score?

Dai-Ichi Cutter Kogyo KK TSE:1716 71 Beneish M-Score is -2.44 as of Jul. 15, 2026. GuruFocus rates TSE:1716 with a GF Score™ of 71/100 and a GF Value™ of 円1,333.14 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,699 Construction companies, Dai-Ichi Cutter Kogyo KK ranks worse than 53.09% 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 -2.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Dai-Ichi Cutter Kogyo KK's Beneish M-Score or its related term are showing as below:

TSE:1716' s Beneish M-Score Range Over the Past 10 Years
Min: -2.68 Med: -2.54 Max: -2.21
Current: -2.44

During the past 13 years, the highest Beneish M-Score of Dai-Ichi Cutter Kogyo KK was -2.21. The lowest was -2.68. And the median was -2.54.

Dai-Ichi Cutter Kogyo KK Beneish M-Score Related Terms

Dai-Ichi Cutter Kogyo KK Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Dai-Ichi Cutter Kogyo KK'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.

Dai-Ichi Cutter Kogyo KK Beneish M-Score Chart

Dai-Ichi Cutter Kogyo KK Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

Beneish M-Score

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-2.28

-2.58

-2.68

-2.43

-2.44

Dai-Ichi Cutter Kogyo KK 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															0.00	-2.44	0.00	0.00	0.00

TSE:1716 vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, Dai-Ichi Cutter Kogyo KK'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.

Dai-Ichi Cutter Kogyo KK Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Dai-Ichi Cutter Kogyo KK's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Dai-Ichi Cutter Kogyo KK's Beneish M-Score falls into.

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71GF Score

Dai-Ichi Cutter Kogyo KK TSE:1716

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

View Full Analysis

Dai-Ichi Cutter Kogyo KK 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 Dai-Ichi Cutter Kogyo KK 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 * 0.9802

0.528 * 1.1024

0.404 * 1.122

0.892 * 0.967

0.115 * 0.9473

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.016688

0.327 * 0.7973

-2.44

This Year (Jun25) TTM:

Last Year (Jun24) TTM:

Total Receivables was 円4,198 Mil.
Revenue was 円20,229 Mil.
Gross Profit was 円5,830 Mil.
Total Current Assets was 円14,403 Mil.
Total Assets was 円22,248 Mil.
Property, Plant and Equipment(Net PPE) was 円6,000 Mil.
Depreciation, Depletion and Amortization(DDA) was 円849 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円2,204 Mil.
Long-Term Debt & Capital Lease Obligation was 円254 Mil.
Net Income was 円1,328 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円1,699 Mil.

Total Receivables was 円4,429 Mil.
Revenue was 円20,918 Mil.
Gross Profit was 円6,646 Mil.
Total Current Assets was 円14,187 Mil.
Total Assets was 円21,859 Mil.
Property, Plant and Equipment(Net PPE) was 円6,057 Mil.
Depreciation, Depletion and Amortization(DDA) was 円806 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円2,760 Mil.
Long-Term Debt & Capital Lease Obligation was 円270 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)
	=	(4198.34 / 20228.578)	/	(4428.967 / 20918.335)
	=	0.207545	/	0.211727
	=	0.9802

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)
	=	(6646.025 / 20918.335)	/	(5830.036 / 20228.578)
	=	0.317713	/	0.288208
	=	1.1024

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 - (14403.164 + 6000.351) / 22247.636)	/	(1 - (14186.998 + 6056.708) / 21858.626)
	=	0.082891	/	0.07388
	=	1.122

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
	=	20228.578	/	20918.335
	=	0.967

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))
	=	(806.211 / (806.211 + 6056.708))	/	(849.473 / (849.473 + 6000.351))
	=	0.117473	/	0.124014
	=	0.9473

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 / 20228.578)	/	(0 / 20918.335)
	=	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)
	=	((254.322 + 2204.477) / 22247.636)	/	((269.575 + 2760.242) / 21858.626)
	=	0.11052	/	0.13861
	=	0.7973

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
	=	(1327.762 - 0	-	1699.024)	/	22247.636
	=	-0.016688

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.

Dai-Ichi Cutter Kogyo KK has a M-score of -2.44 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 -2.44 mean?

Dai-Ichi Cutter Kogyo KK (TSE:1716) has a Beneish M-Score of -2.44 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dai-Ichi Cutter Kogyo KK and its competitors. According to the industry distribution chart, Dai-Ichi Cutter Kogyo KK ranks #902 out of 1699 companies in the Construction industry, placing it in the top 53.1%.

Is Dai-Ichi Cutter Kogyo KK's Beneish M-Score too high?

Dai-Ichi Cutter Kogyo KK's current Beneish M-Score is -2.44. Based on the distribution chart, Dai-Ichi Cutter Kogyo KK ranks #902 out of 1699 companies in the Construction industry, which is below the industry midpoint. Overall, Dai-Ichi Cutter Kogyo KK has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Dai-Ichi Cutter Kogyo KK's Beneish M-Score compare to PWR and FIX?

According to the Construction industry distribution chart, Dai-Ichi Cutter Kogyo KK ranks #902 out of 1699 companies for Beneish M-Score. This places Dai-Ichi Cutter Kogyo KK 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 Construction company?

A good Beneish M-Score depends on the Construction 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 Dai-Ichi Cutter Kogyo KK and its competitors. Dai-Ichi Cutter Kogyo KK's current Beneish M-Score is -2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Dai-Ichi Cutter Kogyo KK stock overvalued right now?

Based on GuruFocus' analysis, Dai-Ichi Cutter Kogyo KK (TSE:1716) is currently considered Fairly Valued. The stock's GF Value™ is 円1,333.14, compared to a current price of 円1,410.00 — trading 5.8% above its estimated fair value. The current Beneish M-Score is -2.44. Dai-Ichi Cutter Kogyo KK's overall GF Score™ is 71/100 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 Dai-Ichi Cutter Kogyo KK (TSE:1716), the current Beneish M-Score is -2.44 as of Jul. 15, 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 Dai-Ichi Cutter Kogyo KK (TSE:1716) Overvalued in 2026?

Based on GuruFocus' analysis, Dai-Ichi Cutter Kogyo KK stock appears to be overvalued. The current stock price of 円1,410.00 is trading 5.8% above its estimated GF Value™ of 円1,333.14. GuruFocus considers Dai-Ichi Cutter Kogyo KK to be Fairly Valued.

Key valuation signals for TSE:1716:

Beneish M-Score: -2.44
GF Value™: 円1,333.14 vs. price of 円1,410.00 (5.8% above fair value)
GF Score™: 71/100 with 4 warning signs

No single metric tells the full story. See the TSE:1716 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Dai-Ichi Cutter Kogyo KK Business Description

Industry Industrials Construction

Comparable Companies TSE:6540 TSE:1867 NGO:1892 NGO:9170 TSE:5918 TSE:1770 TSE:1436 TSE:9765 TSE:9248 TSE:9612 PWR XPAR:DG FIX NSE:LT XKRX:028260 XAMS:FER XTER:HOT XMAD:ACS EME MTZ

Address 833 Hagisono, Chigasaki-shi, Kanagawa, JPN, 253-0071

Website http://www.daiichi-cutter.co.jp

Dai-Ichi Cutter Kogyo KK operates in the construction industry. It performs cutting, drilling, and surface polishing works for asphalt and concrete infrastructures. It also provides washing works for production facilities. The company's business division includes Cutting and drilling work business, Building maintenance business, and Reuse and recycling business. The company generates the majority of its revenue from Cutting and drilling work business.

71GF Score

Get the complete analysis for TSE:1716

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

円1,410.00

Price

円1,333.14

GF Value

View TSE:1716 Analysis

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