Visual Processing Japan Co (TSE:334A) Beneish M-Score: -2.56 (As of Jul. 14, 2026)

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TSE:334A Visual Processing Japan Co Ltd TSE:334A
21 GF Score
Price 円919.00
! 1 Warning Sign
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What is Visual Processing Japan Co Beneish M-Score?

Visual Processing Japan Co TSE:334A -2.03% 21 Beneish M-Score is -2.56 as of Jul. 14, 2026. GuruFocus rates TSE:334A with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 2,631 Software companies, Visual Processing Japan Co ranks better than 51.01% 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 -2.56 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:334A' s Beneish M-Score Range Over the Past 10 Years
Min: -2.56   Med: -2.45   Max: -2.34
Current: -2.56

During the past 4 years, the highest Beneish M-Score of Visual Processing Japan Co was -2.34. The lowest was -2.56. And the median was -2.45.

Visual Processing Japan Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Visual Processing Japan 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.

Visual Processing Japan Co Beneish M-Score Chart

Visual Processing Japan Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.34 -2.56

Visual Processing Japan Co Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -2.34 0.00 -2.56

TSE:334A vs UBER, SHOP, CRM: Beneish M-Score Comparison

For the Software - Application subindustry, Visual Processing Japan 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.

Visual Processing Japan Co Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Visual Processing Japan Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Visual Processing Japan Co's Beneish M-Score falls into.


TSE:334A
21GF Score
Visual Processing Japan Co Ltd TSE:334A
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Visual Processing Japan 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 Visual Processing Japan 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 * 1.1427+0.528 * 0.9511+0.404 * 0.7723+0.892 * 1.1375+0.115 * 1.0453
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.059104-0.327 * 0.8433
=-2.56

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was 円155 Mil.
Revenue was 円1,374 Mil.
Gross Profit was 円852 Mil.
Total Current Assets was 円1,442 Mil.
Total Assets was 円1,708 Mil.
Property, Plant and Equipment(Net PPE) was 円41 Mil.
Depreciation, Depletion and Amortization(DDA) was 円39 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円423 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Net Income was 円177 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円278 Mil.
 Total Receivables was 円119 Mil.
Revenue was 円1,208 Mil.
Gross Profit was 円712 Mil.
Total Current Assets was 円880 Mil.
Total Assets was 円1,108 Mil.
Property, Plant and Equipment(Net PPE) was 円39 Mil.
Depreciation, Depletion and Amortization(DDA) was 円41 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円325 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)
=(154.749 / 1374.194) / (119.051 / 1208.065)
=0.112611 / 0.098547
=1.1427

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)
=(712.127 / 1208.065) / (851.661 / 1374.194)
=0.589477 / 0.619753
=0.9511

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 - (1442.409 + 40.674) / 1708.287) / (1 - (879.835 + 38.749) / 1107.663)
=0.13183 / 0.170701
=0.7723

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
=1374.194 / 1208.065
=1.1375

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))
=(40.715 / (40.715 + 38.749)) / (39.104 / (39.104 + 40.674))
=0.51237 / 0.49016
=1.0453

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 / 1374.194) / (0 / 1208.065)
=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 + 422.745) / 1708.287) / ((0 + 325.029) / 1107.663)
=0.247467 / 0.293437
=0.8433

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
=(176.706 - 0 - 277.672) / 1708.287
=-0.059104

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.

Visual Processing Japan Co has a M-score of -2.56 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 -2.56 mean?
Visual Processing Japan Co (TSE:334A) has a Beneish M-Score of -2.56 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Visual Processing Japan Co and its competitors. According to the industry distribution chart, Visual Processing Japan Co ranks #1289 out of 2631 companies in the Software industry, placing it in the top 49%.
Is Visual Processing Japan Co's Beneish M-Score too high?
Visual Processing Japan Co's current Beneish M-Score is -2.56. Based on the distribution chart, Visual Processing Japan Co ranks #1289 out of 2631 companies in the Software industry, which is above the industry midpoint. Overall, Visual Processing Japan Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Visual Processing Japan Co's Beneish M-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Visual Processing Japan Co ranks #1289 out of 2631 companies for Beneish M-Score. This puts Visual Processing Japan Co 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 Software company?
A good Beneish M-Score depends on the Software 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 Visual Processing Japan Co and its competitors. Visual Processing Japan Co's current Beneish M-Score is -2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Visual Processing Japan Co stock overvalued right now?
Visual Processing Japan Co (TSE:334A) has a current Beneish M-Score of -2.56. The current Beneish M-Score is -2.56. Visual Processing Japan Co's overall GF Score™ is 21/100 with 1 warning sign 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 Visual Processing Japan Co (TSE:334A), the current Beneish M-Score is -2.56 as of Jul. 14, 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.

Visual Processing Japan Co Business Description

Address 4-20-7 Ebisu, Center Plaza B1, Yebisu Garden Place, Shibuya-ku, Tokyo, JPN, 150-6090
Visual Processing Japan Co Ltd is a solutions provider for content production environments in the media industry. It is engaged in DX solution business that supports the production, management, and distribution of promotional media content (Web, EC, SNS, catalogs, videos, publications) based on DAM (Digital Asset Management). With CIERTO at the core, the company offers digital transformation solutions that support the production, management, and distribution environment of diversifying media and content.
21GF Score

Get the complete analysis for TSE:334A

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

円919.00
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