Remixpoint (TSE:3825) Beneish M-Score: -1.12 (As of Jun. 27, 2026)

What is Remixpoint Beneish M-Score?

Remixpoint TSE:3825 -4.71% 56 Beneish M-Score is -1.12 as of Jun. 27, 2026. GuruFocus rates TSE:3825 with a GF Score™ of 56/100 and a GF Value™ of 円144.88 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 486 Utilities - Regulated companies, Remixpoint ranks worse than 97.12% 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.

Warning Sign:

Beneish M-Score -1.12 higher than -1.78, which implies that the company might have manipulated its financial results.

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

TSE:3825' s Beneish M-Score Range Over the Past 10 Years
Min: -2.77 Med: -0.71 Max: 5.57
Current: -1.12

During the past 13 years, the highest Beneish M-Score of Remixpoint was 5.57. The lowest was -2.77. And the median was -0.71.

Remixpoint Beneish M-Score Related Terms

Remixpoint Beneish M-Score Historical Data

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The historical data trend for Remixpoint'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.

Remixpoint Beneish M-Score Chart

Remixpoint Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-1.90

5.57

-2.21

0.21

-1.12

Remixpoint Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															0.21	0.00	0.00	0.00	-1.12

TSE:3825 vs NEE, SO, DUK: Beneish M-Score Comparison

For the Utilities - Regulated Electric subindustry, Remixpoint'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.

Remixpoint Beneish M-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Remixpoint's Beneish M-Score distribution charts can be found below:

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

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56GF Score

Remixpoint Inc TSE:3825

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

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Remixpoint 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 Remixpoint 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 * 1.2301

0.528 * -0.7111

0.404 * 3.3667

0.892 * 0.8401

0.115 * 1.1184

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * 0.265755

0.327 * 1.0516

-1.12

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was 円3,892 Mil.
Revenue was 円17,751 Mil.
Gross Profit was 円-2,285 Mil.
Total Current Assets was 円23,374 Mil.
Total Assets was 円27,721 Mil.
Property, Plant and Equipment(Net PPE) was 円2,239 Mil.
Depreciation, Depletion and Amortization(DDA) was 円105 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円3,732 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Net Income was 円-4,740 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-12,107 Mil.

Total Receivables was 円3,766 Mil.
Revenue was 円21,129 Mil.
Gross Profit was 円1,934 Mil.
Total Current Assets was 円18,657 Mil.
Total Assets was 円20,543 Mil.
Property, Plant and Equipment(Net PPE) was 円1,422 Mil.
Depreciation, Depletion and Amortization(DDA) was 円75 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円2,519 Mil.
Long-Term Debt & Capital Lease Obligation was 円111 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)
	=	(3892 / 17751)	/	(3766 / 21129)
	=	0.219255	/	0.178238
	=	1.2301

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)
	=	(1934 / 21129)	/	(-2285 / 17751)
	=	0.091533	/	-0.128725
	=	-0.7111

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 - (23374 + 2239) / 27721)	/	(1 - (18657 + 1422) / 20543)
	=	0.076043	/	0.022587
	=	3.3667

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
	=	17751	/	21129
	=	0.8401

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))
	=	(75 / (75 + 1422))	/	(105 / (105 + 2239))
	=	0.0501	/	0.044795
	=	1.1184

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 / 17751)	/	(0 / 21129)
	=	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 + 3732) / 27721)	/	((111 + 2519) / 20543)
	=	0.134627	/	0.128024
	=	1.0516

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
	=	(-4740 - 0	-	-12107)	/	27721
	=	0.265755

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.

Remixpoint has a M-score of -1.12 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 -1.12 mean?

Remixpoint (TSE:3825) has a Beneish M-Score of -1.12 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Remixpoint and its competitors. According to the industry distribution chart, Remixpoint ranks #472 out of 486 companies in the Utilities - Regulated industry, placing it in the top 97.1%.

Is Remixpoint's Beneish M-Score too high?

Remixpoint's current Beneish M-Score is -1.12. Based on the distribution chart, Remixpoint ranks #472 out of 486 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Remixpoint has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Remixpoint's Beneish M-Score compare to NEE and SO?

According to the Utilities - Regulated industry distribution chart, Remixpoint ranks #472 out of 486 companies for Beneish M-Score. This places Remixpoint 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 an Utilities - Regulated company?

A good Beneish M-Score depends on the Utilities - Regulated 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 Remixpoint and its competitors. Remixpoint's current Beneish M-Score is -1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Remixpoint stock overvalued right now?

Based on GuruFocus' analysis, Remixpoint (TSE:3825) is currently considered Modestly Overvalued. The stock's GF Value™ is 円144.88, compared to a current price of 円182.00 — trading 25.6% above its estimated fair value. The current Beneish M-Score is -1.12. Remixpoint's overall GF Score™ is 56/100 with 5 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 Remixpoint (TSE:3825), the current Beneish M-Score is -1.12 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.

Is Remixpoint (TSE:3825) Overvalued in 2026?

Based on GuruFocus' analysis, Remixpoint stock appears to be overvalued. The current stock price of 円182.00 is trading 25.6% above its estimated GF Value™ of 円144.88. GuruFocus considers Remixpoint to be Modestly Overvalued.

Key valuation signals for TSE:3825:

Beneish M-Score: -1.12
GF Value™: 円144.88 vs. price of 円182.00 (25.6% above fair value)
GF Score™: 56/100 with 5 warning signs

No single metric tells the full story. See the TSE:3825 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Remixpoint Business Description

Industry Utilities Utilities - Regulated

Comparable Companies TSE:3150 NEE SO DUK LSE:NG.AEP D ETR XEL EXC XMAD:ELE BOM:532555 PEG ED WEC PCG XPRA:CEZ AEE DTE BOM:532898

Address Roppongi 3 - chome Minato - ku, Sumitomo Real Estate Roppongi Grand Tower, 36th Floor, Tokyo, JPN, 106 - 6236

Website http://www.remixpoint.co.jp

Remixpoint Inc is a Japan based company engaged in the electric power business. It is also involved in energy management support service business, energy conservation related business, subsidy support business, and automotive related business. Electric power business involves the supply of electricity mainly for customers with high pressure and special high pressure. In energy conservation related business, the company offers solutions in the field of energy saving and cost reduction. The entity provides energy management system which manages energy use equipment like factories and business sites, controls equipment in conjunction with visualization of energy, and optimizes and reduces energy consumption.

56GF Score

Get the complete analysis for TSE:3825

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

円182.00

Price

円144.88

GF Value

View TSE:3825 Analysis

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