Technosmile (TSE:333A) Beneish M-Score: -2.85 (As of Jul. 18, 2026)

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TSE:333A Technosmile Inc TSE:333A
13 GF Score
Price 円6,240.00
! 3 Warning Signs
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What is Technosmile Beneish M-Score?

Technosmile TSE:333A 13 Beneish M-Score is -2.85 as of Jul. 18, 2026. GuruFocus rates TSE:333A with a GF Score™ of 13/100. The stock has 3 warning signs investors should review. Among 1,022 Business Services companies, Technosmile ranks better than 72.8% 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 -2.85 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:333A' s Beneish M-Score Range Over the Past 10 Years
Min: -2.85   Med: -2.71   Max: -2.56
Current: -2.85

During the past 4 years, the highest Beneish M-Score of Technosmile was -2.56. The lowest was -2.85. And the median was -2.71.

Technosmile Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Technosmile'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.

Technosmile Beneish M-Score Chart

Technosmile Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -2.56 -2.85

Technosmile Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -2.56 0.00 -2.85

TSE:333A vs KFY, RHI, TNET: Beneish M-Score Comparison

For the Staffing & Employment Services subindustry, Technosmile'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.

Technosmile Beneish M-Score vs Business Services Industry

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

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


TSE:333A
13GF Score
Technosmile Inc TSE:333A
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Technosmile 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 Technosmile 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 * 0.8832+0.528 * 1.0004+0.404 * 0.8281+0.892 * 1.297+0.115 * 0.8597
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.099454-0.327 * 0.9394
=-2.85

* 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1,870 Mil.
Revenue was 円14,647 Mil.
Gross Profit was 円3,376 Mil.
Total Current Assets was 円3,543 Mil.
Total Assets was 円5,639 Mil.
Property, Plant and Equipment(Net PPE) was 円1,565 Mil.
Depreciation, Depletion and Amortization(DDA) was 円190 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円3,452 Mil.
Long-Term Debt & Capital Lease Obligation was 円792 Mil.
Net Income was 円393 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円954 Mil.
 Total Receivables was 円1,632 Mil.
Revenue was 円11,293 Mil.
Gross Profit was 円2,604 Mil.
Total Current Assets was 円3,350 Mil.
Total Assets was 円5,479 Mil.
Property, Plant and Equipment(Net PPE) was 円1,506 Mil.
Depreciation, Depletion and Amortization(DDA) was 円155 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円3,186 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,203 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)
=(1869.533 / 14647.182) / (1631.998 / 11293.125)
=0.127638 / 0.144513
=0.8832

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)
=(2604.357 / 11293.125) / (3376.423 / 14647.182)
=0.230614 / 0.230517
=1.0004

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 - (3543.317 + 1564.721) / 5638.52) / (1 - (3349.955 + 1506.149) / 5478.524)
=0.094082 / 0.113611
=0.8281

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
=14647.182 / 11293.125
=1.297

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))
=(154.898 / (154.898 + 1506.149)) / (190.384 / (190.384 + 1564.721))
=0.093253 / 0.108474
=0.8597

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 / 14647.182) / (0 / 11293.125)
=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)
=((791.986 + 3451.545) / 5638.52) / ((1202.683 + 3186.246) / 5478.524)
=0.752597 / 0.801115
=0.9394

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
=(393.154 - 0 - 953.926) / 5638.52
=-0.099454

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.

Technosmile has a M-score of -2.85 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 -2.85 mean?
Technosmile (TSE:333A) has a Beneish M-Score of -2.85 as of Jul. 18, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Technosmile and its competitors. According to the industry distribution chart, Technosmile ranks #278 out of 1022 companies in the Business Services industry, placing it in the top 27.2%.
Is Technosmile's Beneish M-Score too high?
Technosmile's current Beneish M-Score is -2.85. Based on the distribution chart, Technosmile ranks #278 out of 1022 companies in the Business Services industry, which is above the industry midpoint. Overall, Technosmile has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Technosmile's Beneish M-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Technosmile ranks #278 out of 1022 companies for Beneish M-Score. This puts Technosmile in the upper 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 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 Technosmile and its competitors. Technosmile's current Beneish M-Score is -2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technosmile stock overvalued right now?
Technosmile (TSE:333A) has a current Beneish M-Score of -2.85. The current Beneish M-Score is -2.85. Technosmile's overall GF Score™ is 13/100 with 3 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 Technosmile (TSE:333A), the current Beneish M-Score is -2.85 as of Jul. 18, 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.

Technosmile Business Description

Address 2-5-28 Hakata Station East, Hakata Kaisei Building, Hakata Ward, Fukuoka Prefecture, Fukuoka, JPN, 812-0013
Technosmile Inc offers temporary staffing and business contracting for various manufacturing industries, engineer dispatch, and overseas personnel with Japanese language skills.
13GF Score

Get the complete analysis for TSE:333A

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

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