Yoshimura Food Holdings KK (TSE:2884) Beneish M-Score : -2.55 (As of Mar. 30, 2025)

View and export this data going back to 2016. Start your Free Trial

What is Yoshimura Food Holdings KK Beneish M-Score?

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 -2.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Yoshimura Food Holdings KK's Beneish M-Score or its related term are showing as below:

TSE:2884' s Beneish M-Score Range Over the Past 10 Years
Min: -3.03 Med: -2.23 Max: -1.89
Current: -2.55

During the past 10 years, the highest Beneish M-Score of Yoshimura Food Holdings KK was -1.89. The lowest was -3.03. And the median was -2.23.

Yoshimura Food Holdings KK Beneish M-Score Historical Data

The historical data trend for Yoshimura Food Holdings 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.

* Premium members only.

Yoshimura Food Holdings KK Beneish M-Score Chart

Yoshimura Food Holdings KK Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Beneish M-Score

Get a 7-Day Free Trial

-1.99

-3.03

-2.59

-2.16

-2.55

Yoshimura Food Holdings KK Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Beneish M-Score	Get a 7-Day Free Trial															-	-	-2.55	-	-

Competitive Comparison of Yoshimura Food Holdings KK's Beneish M-Score

For the Packaged Foods subindustry, Yoshimura Food Holdings 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.

Yoshimura Food Holdings KK's Beneish M-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Yoshimura Food Holdings KK's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Yoshimura Food Holdings KK's Beneish M-Score falls into.

Save Embed

;

Save Embed

;

Yoshimura Food Holdings 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 Yoshimura Food Holdings 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 * 0.9111

0.528 * 0.9645

0.404 * 1.1918

0.892 * 1.4249

0.115 * 0.9478

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.7647

4.679 * -0.090732

0.327 * 1.1075

-2.55

This Year (Feb24) TTM:

Last Year (Feb23) TTM:

Total Receivables was 円7,131 Mil.
Revenue was 円49,782 Mil.
Gross Profit was 円10,288 Mil.
Total Current Assets was 円28,338 Mil.
Total Assets was 円52,191 Mil.
Property, Plant and Equipment(Net PPE) was 円10,843 Mil.
Depreciation, Depletion and Amortization(DDA) was 円1,690 Mil.
Selling, General, & Admin. Expense(SGA) was 円1,712 Mil.
Total Current Liabilities was 円24,989 Mil.
Long-Term Debt & Capital Lease Obligation was 円13,126 Mil.
Net Income was 円1,029 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円5,764 Mil.

Total Receivables was 円5,493 Mil.
Revenue was 円34,938 Mil.
Gross Profit was 円6,964 Mil.
Total Current Assets was 円18,381 Mil.
Total Assets was 円31,990 Mil.
Property, Plant and Equipment(Net PPE) was 円6,917 Mil.
Depreciation, Depletion and Amortization(DDA) was 円1,014 Mil.
Selling, General, & Admin. Expense(SGA) was 円1,571 Mil.
Total Current Liabilities was 円11,177 Mil.
Long-Term Debt & Capital Lease Obligation was 円9,918 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)
	=	(7131.415 / 49781.836)	/	(5493.126 / 34937.944)
	=	0.143253	/	0.157225
	=	0.9111

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)
	=	(6964.043 / 34937.944)	/	(10288.12 / 49781.836)
	=	0.199326	/	0.206664
	=	0.9645

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 - (28337.632 + 10842.881) / 52190.785)	/	(1 - (18381.487 + 6917.132) / 31989.877)
	=	0.249283	/	0.209168
	=	1.1918

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
	=	49781.836	/	34937.944
	=	1.4249

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))
	=	(1013.795 / (1013.795 + 6917.132))	/	(1690.318 / (1690.318 + 10842.881))
	=	0.127828	/	0.134867
	=	0.9478

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)
	=	(1711.502 / 49781.836)	/	(1570.688 / 34937.944)
	=	0.03438	/	0.044957
	=	0.7647

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)
	=	((13126.128 + 24988.783) / 52190.785)	/	((9918.368 + 11176.702) / 31989.877)
	=	0.7303	/	0.65943
	=	1.1075

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
	=	(1028.739 - 0	-	5764.112)	/	52190.785
	=	-0.090732

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.

Yoshimura Food Holdings KK has a M-score of -2.55 suggests that the company is unlikely to be a manipulator.

Yoshimura Food Holdings KK Beneish M-Score Related Terms

Thank you for viewing the detailed overview of Yoshimura Food Holdings KK's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Yoshimura Food Holdings KK Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yoshimura Food Holdings KK (TSE:2884) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2 No. 2, Uchisaiwa-cho, 18th Floor, Fukoku Life Building, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.y-food-h.com

Yoshimura Food Holdings KK operates as a holding company which engages in the food business. The company is mainly engaged in planning, execution and management of business strategies of group companies, as well as supporting and overseeing of sales, manufacturing, product development, quality management, business management and other functions of subsidiaries. The company offers commercial food materials; Chinese dishes; dried noodles, buckwheat flour, wheat flour, etc.; meat and processed food products; sake products; and frozen foods, including frozen seafood, fried fowl pork cutlets, scissors cutlets, and fly with crab claw products.

Yoshimura Food Holdings KK Headlines

No Headlines