Cypress Holdings Co (TSE:428A) Beneish M-Score: -2.65 (As of Jul. 15, 2026)

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TSE:428A Cypress Holdings Co Ltd TSE:428A
5 GF Score
Price 円1,247.00
! 6 Warning Signs
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What is Cypress Holdings Co Beneish M-Score?

Cypress Holdings Co TSE:428A +1.46% 5 Beneish M-Score is -2.65 as of Jul. 15, 2026. GuruFocus rates TSE:428A with a GF Score™ of 5/100. The stock has 6 warning signs investors should review. Among 355 Restaurants companies, Cypress Holdings Co ranks worse than 61.69% 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 -2.65 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:428A' s Beneish M-Score Range Over the Past 10 Years
Min: -2.65   Med: -2.62   Max: -2.59
Current: -2.65

During the past 4 years, the highest Beneish M-Score of Cypress Holdings Co was -2.59. The lowest was -2.65. And the median was -2.62.

Cypress Holdings Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Cypress Holdings 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.

Cypress Holdings Co Beneish M-Score Chart

Cypress Holdings Co Annual Data
Trend Aug22 Aug23 Aug24 Aug25
Beneish M-Score
0.00 0.00 -2.59 -2.65

Cypress Holdings Co Semi-Annual Data
Aug22 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Beneish M-Score Get a 7-Day Free Trial 0.00 -2.59 0.00 -2.65 0.00

TSE:428A vs MCD, SBUX, YUM: Beneish M-Score Comparison

For the Restaurants subindustry, Cypress Holdings 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.

Cypress Holdings Co Beneish M-Score vs Restaurants Industry

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

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


TSE:428A
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Cypress Holdings Co Ltd TSE:428A
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Cypress Holdings 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 Cypress Holdings 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 * 1.0982+0.528 * 1.0186+0.404 * 0.9405+0.892 * 1.1006+0.115 * 1.0873
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9718+4.679 * -0.075843-0.327 * 0.9756
=-2.65

* 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 (Aug25) TTM:Last Year (Aug24) TTM:
Total Receivables was 円977 Mil.
Revenue was 円11,288 Mil.
Gross Profit was 円7,395 Mil.
Total Current Assets was 円2,003 Mil.
Total Assets was 円11,515 Mil.
Property, Plant and Equipment(Net PPE) was 円3,212 Mil.
Depreciation, Depletion and Amortization(DDA) was 円952 Mil.
Selling, General, & Admin. Expense(SGA) was 円6,584 Mil.
Total Current Liabilities was 円3,238 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,214 Mil.
Net Income was 円437 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円1,310 Mil.
 Total Receivables was 円809 Mil.
Revenue was 円10,257 Mil.
Gross Profit was 円6,844 Mil.
Total Current Assets was 円1,496 Mil.
Total Assets was 円10,779 Mil.
Property, Plant and Equipment(Net PPE) was 円3,012 Mil.
Depreciation, Depletion and Amortization(DDA) was 円997 Mil.
Selling, General, & Admin. Expense(SGA) was 円6,156 Mil.
Total Current Liabilities was 円5,963 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,146 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)
=(977.272 / 11288.362) / (808.594 / 10256.796)
=0.086573 / 0.078835
=1.0982

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)
=(6844.272 / 10256.796) / (7395.351 / 11288.362)
=0.667291 / 0.655131
=1.0186

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 - (2002.743 + 3212.148) / 11514.869) / (1 - (1495.865 + 3012.421) / 10778.543)
=0.547117 / 0.581735
=0.9405

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
=11288.362 / 10256.796
=1.1006

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))
=(996.611 / (996.611 + 3012.421)) / (952.088 / (952.088 + 3212.148))
=0.248591 / 0.228634
=1.0873

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)
=(6584.334 / 11288.362) / (6156.422 / 10256.796)
=0.583285 / 0.600229
=0.9718

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)
=((5214.179 + 3238.008) / 11514.869) / ((2146.269 + 5963.327) / 10778.543)
=0.734024 / 0.752383
=0.9756

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
=(436.732 - 0 - 1310.05) / 11514.869
=-0.075843

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.

Cypress Holdings Co has a M-score of -2.65 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 -2.65 mean?
Cypress Holdings Co (TSE:428A) has a Beneish M-Score of -2.65 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Cypress Holdings Co and its competitors. According to the industry distribution chart, Cypress Holdings Co ranks #219 out of 355 companies in the Restaurants industry, placing it in the top 61.7%.
Is Cypress Holdings Co's Beneish M-Score too high?
Cypress Holdings Co's current Beneish M-Score is -2.65. Based on the distribution chart, Cypress Holdings Co ranks #219 out of 355 companies in the Restaurants industry, which is below the industry midpoint. Overall, Cypress Holdings Co has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Cypress Holdings Co's Beneish M-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Cypress Holdings Co ranks #219 out of 355 companies for Beneish M-Score. This places Cypress Holdings Co 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 Cypress Holdings Co and its competitors. Cypress Holdings Co's current Beneish M-Score is -2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cypress Holdings Co stock overvalued right now?
Cypress Holdings Co (TSE:428A) has a current Beneish M-Score of -2.65. The current Beneish M-Score is -2.65. Cypress Holdings Co's overall GF Score™ is 5/100 with 6 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 Cypress Holdings Co (TSE:428A), the current Beneish M-Score is -2.65 as of Jul. 15, 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.

Cypress Holdings Co Business Description

Address 1-9-10 Roppongi, 40th Floor, Ark Hills Sengokuyama Mori Tower, Minato-ku, Tokyo, JPN, 106-0032
Cypress Holdings Co Ltd is engaged in Management and administration of the Group companies engaged in restaurant operations, and as well as all associated and related these businesses.
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