Glocal Marketing Co (TSE:266A) Beneish M-Score: -1.52 (As of Jun. 27, 2026)


TSE:266A Glocal Marketing Co Ltd TSE:266A
8 GF Score
Price 円1,350.00
! 2 Warning Signs
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What is Glocal Marketing Co Beneish M-Score?

Glocal Marketing Co TSE:266A 8 Beneish M-Score is -1.52 as of Jun. 27, 2026. GuruFocus rates TSE:266A with a GF Score™ of 8/100. The stock has 2 warning signs investors should review.

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.

Warning Sign:

Beneish M-Score -1.52 higher than -1.78, which implies that the company might have manipulated its financial results.

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

TSE:266A' s Beneish M-Score Range Over the Past 10 Years
Min: -1.94   Med: -1.73   Max: -1.52
Current: -1.52

During the past 4 years, the highest Beneish M-Score of Glocal Marketing Co was -1.52. The lowest was -1.94. And the median was -1.73.

Glocal Marketing Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Glocal Marketing 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.

Glocal Marketing Co Beneish M-Score Chart

Glocal Marketing Co Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -1.94 -1.52

Glocal Marketing Co Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -1.94 0.00 -1.52

TSE:266A vs CTAS, CPRT, GPN: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Glocal Marketing 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.

Glocal Marketing Co Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Glocal Marketing Co's Beneish M-Score distribution charts can be found below:

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


TSE:266A
8GF Score
Glocal Marketing Co Ltd TSE:266A
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Glocal Marketing 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 Glocal Marketing 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 * 1.2329+0.528 * 1.0014+0.404 * 1.4211+0.892 * 1.0649+0.115 * 0.9688
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.108884-0.327 * 0.9512
=-1.52

* 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88.0 Mil.
Revenue was 円388.0 Mil.
Gross Profit was 円199.6 Mil.
Total Current Assets was 円142.1 Mil.
Total Assets was 円177.5 Mil.
Property, Plant and Equipment(Net PPE) was 円8.4 Mil.
Depreciation, Depletion and Amortization(DDA) was 円6.1 Mil.
Selling, General, & Admin. Expense(SGA) was 円0.0 Mil.
Total Current Liabilities was 円77.7 Mil.
Long-Term Debt & Capital Lease Obligation was 円47.0 Mil.
Net Income was 円11.6 Mil.
Gross Profit was 円0.0 Mil.
Cash Flow from Operations was 円-7.8 Mil.
 Total Receivables was 円67.1 Mil.
Revenue was 円364.3 Mil.
Gross Profit was 円187.7 Mil.
Total Current Assets was 円133.2 Mil.
Total Assets was 円155.6 Mil.
Property, Plant and Equipment(Net PPE) was 円5.7 Mil.
Depreciation, Depletion and Amortization(DDA) was 円3.9 Mil.
Selling, General, & Admin. Expense(SGA) was 円0.0 Mil.
Total Current Liabilities was 円74.9 Mil.
Long-Term Debt & Capital Lease Obligation was 円40.0 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)
=(88.045 / 387.972) / (67.061 / 364.327)
=0.226936 / 0.184068
=1.2329

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)
=(187.7 / 364.327) / (199.612 / 387.972)
=0.515197 / 0.514501
=1.0014

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 - (142.075 + 8.388) / 177.492) / (1 - (133.197 + 5.692) / 155.558)
=0.152283 / 0.107156
=1.4211

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
=387.972 / 364.327
=1.0649

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))
=(3.945 / (3.945 + 5.692)) / (6.138 / (6.138 + 8.388))
=0.40936 / 0.422553
=0.9688

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 / 387.972) / (0 / 364.327)
=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)
=((46.958 + 77.743) / 177.492) / ((40 + 74.896) / 155.558)
=0.702573 / 0.738606
=0.9512

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
=(11.568 - 0 - -7.758) / 177.492
=0.108884

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.

Glocal Marketing Co has a M-score of -1.52 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.52 mean?
Glocal Marketing Co (TSE:266A) has a Beneish M-Score of -1.52 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Glocal Marketing Co and its competitors.
Is Glocal Marketing Co's Beneish M-Score too high?
Glocal Marketing Co's current Beneish M-Score is -1.52. Overall, Glocal Marketing Co has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Glocal Marketing Co's Beneish M-Score compare to CTAS and CPRT?
Glocal Marketing Co's Beneish M-Score of -1.52 can be compared against companies in the Business Services 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Glocal Marketing Co and its competitors. Glocal Marketing Co's current Beneish M-Score is -1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glocal Marketing Co stock overvalued right now?
Glocal Marketing Co (TSE:266A) has a current Beneish M-Score of -1.52. The current Beneish M-Score is -1.52. Glocal Marketing Co's overall GF Score™ is 8/100 with 2 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 Glocal Marketing Co (TSE:266A), the current Beneish M-Score is -1.52 as of Jun. 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.

Glocal Marketing Co Business Description

Address 3rd Floor, Yamaka Building, 3-2-1, Jonai-cho, Nagaoka, Niigata, JPN, 940-0061
Glocal Marketing Co Ltd is engaged in management consulting for SMEs. & Membership services of parenting families.
8GF Score

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

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