SLD Entertainment (TSE:3223) Beneish M-Score: -2.31 (As of Jun. 26, 2026)

What is SLD Entertainment Beneish M-Score?

SLD Entertainment TSE:3223 +1.54% 55 Beneish M-Score is -2.31 as of Jun. 26, 2026. GuruFocus rates TSE:3223 with a GF Score™ of 55/100 and a GF Value™ of 円1,017.05 (Fairly Valued). The stock has 2 warning signs investors should review. Among 357 Restaurants companies, SLD Entertainment ranks worse than 81.79% 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 -2.31 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:3223' s Beneish M-Score Range Over the Past 10 Years
Min: -4.05 Med: -2.35 Max: -1.64
Current: -2.31

During the past 13 years, the highest Beneish M-Score of SLD Entertainment was -1.64. The lowest was -4.05. And the median was -2.35.

SLD Entertainment Beneish M-Score Related Terms

SLD Entertainment Beneish M-Score Historical Data

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The historical data trend for SLD Entertainment'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.

SLD Entertainment Beneish M-Score Chart

SLD Entertainment Annual Data

Trend

Mar17

Mar18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

Beneish M-Score

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-2.23

-2.58

-1.64

-2.31

SLD Entertainment Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25	Aug25	Feb26
Beneish M-Score	Get a 7-Day Free Trial															-1.64	0.00	-2.31	0.00	-2.31

TSE:3223 vs MCD, SBUX, CMG: Beneish M-Score Comparison

For the Restaurants subindustry, SLD Entertainment'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.

SLD Entertainment Beneish M-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, SLD Entertainment's Beneish M-Score distribution charts can be found below:

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

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55GF Score

SLD Entertainment Inc TSE:3223

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

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SLD Entertainment 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 SLD Entertainment 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 * 1.1869

0.528 * 0.9999

0.404 * 0.9623

0.892 * 0.9989

0.115 * 0.6057

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.000102

0.327 * 0.8217

-2.31

This Year (Feb26) TTM:

Last Year (Feb25) TTM:

Total Receivables was 円320 Mil.
Revenue was 円3,657 Mil.
Gross Profit was 円2,946 Mil.
Total Current Assets was 円646 Mil.
Total Assets was 円1,007 Mil.
Property, Plant and Equipment(Net PPE) was 円68 Mil.
Depreciation, Depletion and Amortization(DDA) was 円26 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円368 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Net Income was 円87 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円88 Mil.

Total Receivables was 円270 Mil.
Revenue was 円3,661 Mil.
Gross Profit was 円2,949 Mil.
Total Current Assets was 円671 Mil.
Total Assets was 円1,074 Mil.
Property, Plant and Equipment(Net PPE) was 円80 Mil.
Depreciation, Depletion and Amortization(DDA) was 円16 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円478 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)
	=	(320.3 / 3656.915)	/	(270.168 / 3661.043)
	=	0.087587	/	0.073795
	=	1.1869

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)
	=	(2949.334 / 3661.043)	/	(2946.39 / 3656.915)
	=	0.805599	/	0.805704
	=	0.9999

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 - (646.27 + 68.396) / 1007.252)	/	(1 - (670.587 + 79.537) / 1074.472)
	=	0.290479	/	0.301867
	=	0.9623

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
	=	3656.915	/	3661.043
	=	0.9989

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))
	=	(15.723 / (15.723 + 79.537))	/	(25.619 / (25.619 + 68.396))
	=	0.165054	/	0.272499
	=	0.6057

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 / 3656.915)	/	(0 / 3661.043)
	=	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)
	=	((0 + 368.093) / 1007.252)	/	((0 + 477.889) / 1074.472)
	=	0.365443	/	0.444766
	=	0.8217

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
	=	(87.417 - 0	-	87.52)	/	1007.252
	=	-0.000102

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.

SLD Entertainment has a M-score of -2.31 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 -2.31 mean?

SLD Entertainment (TSE:3223) has a Beneish M-Score of -2.31 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SLD Entertainment and its competitors. According to the industry distribution chart, SLD Entertainment ranks #292 out of 357 companies in the Restaurants industry, placing it in the top 81.8%.

Is SLD Entertainment's Beneish M-Score too high?

SLD Entertainment's current Beneish M-Score is -2.31. Based on the distribution chart, SLD Entertainment ranks #292 out of 357 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, SLD Entertainment has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does SLD Entertainment's Beneish M-Score compare to MCD and SBUX?

According to the Restaurants industry distribution chart, SLD Entertainment ranks #292 out of 357 companies for Beneish M-Score. This places SLD Entertainment 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 Restaurants company?

A good Beneish M-Score depends on the Restaurants 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 SLD Entertainment and its competitors. SLD Entertainment's current Beneish M-Score is -2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is SLD Entertainment stock overvalued right now?

Based on GuruFocus' analysis, SLD Entertainment (TSE:3223) is currently considered Fairly Valued. The stock's GF Value™ is 円1,017.05, compared to a current price of 円925.00 — trading 9.1% below its estimated fair value. The current Beneish M-Score is -2.31. SLD Entertainment's overall GF Score™ is 55/100 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 SLD Entertainment (TSE:3223), the current Beneish M-Score is -2.31 as of Jun. 26, 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 SLD Entertainment (TSE:3223) Overvalued in 2026?

Based on GuruFocus' analysis, SLD Entertainment stock appears to be undervalued. The current stock price of 円925.00 is trading 9.1% below its estimated GF Value™ of 円1,017.05. GuruFocus considers SLD Entertainment to be Fairly Valued.

Key valuation signals for TSE:3223:

Beneish M-Score: -2.31
GF Value™: 円1,017.05 vs. price of 円925.00 (9.1% below fair value)
GF Score™: 55/100 with 2 warning signs

No single metric tells the full story. See the TSE:3223 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SLD Entertainment Business Description

Industry Consumer Cyclical Restaurants

Comparable Companies TSE:7585 TSE:7524 TSE:3370 TSE:8181 TSE:2789 TSE:3557 TSE:560A TSE:138A TSE:3372 TSE:3358 MCD SBUX LSE:CPG CMG YUM TSX:QSR TSX:QSP.UN DRI YUMC TXRH

Address 4-1-23 Shiba, 18th Floor, Mita NN Building, Minato-ku, Tokyo, JPN, 108-0014

Website https://www.sld-inc.com

SLD Entertainment Inc operates a chain of restaurants. It operates a dining cafe under the Kawara CAFE & DINING brand name and food and beverage outlets under the LOOP brand name. Geographically, the activities are carried out in the region of Japan.

55GF Score

Get the complete analysis for TSE:3223

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

円925.00

Price

円1,017.05

GF Value

View TSE:3223 Analysis

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