Quick Co (TSE:4318) Beneish M-Score: -1.92 (As of Jul. 15, 2026)

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Quick Co Ltd TSE:4318

87 GF Score

Price 円770.00

GF Value 円856.06

Valuation Modestly Undervalued

1 Warning Sign

View Full Analysis

What is Quick Co Beneish M-Score?

Quick Co TSE:4318 +1.05% 87 Beneish M-Score is -1.92 as of Jul. 15, 2026. GuruFocus rates TSE:4318 with a GF Score™ of 87/100 and a GF Value™ of 円856.06 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,020 Business Services companies, Quick Co ranks worse than 81.57% 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 -1.92 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:4318' s Beneish M-Score Range Over the Past 10 Years
Min: -2.88 Med: -2.47 Max: -1.92
Current: -1.92

During the past 13 years, the highest Beneish M-Score of Quick Co was -1.92. The lowest was -2.88. And the median was -2.47.

Quick Co Beneish M-Score Related Terms

Quick Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Quick 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.

Quick Co Beneish M-Score Chart

Quick Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-2.88

-2.50

-2.15

-2.42

-1.92

Quick Co Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-2.15	0.00	-2.42	0.00	-1.92

TSE:4318 vs KFY, RHI, TNET: Beneish M-Score Comparison

For the Staffing & Employment Services subindustry, Quick 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.

Quick Co Beneish M-Score vs Business Services Industry

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

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

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87GF Score

Quick Co Ltd TSE:4318

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

View Full Analysis

Quick 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 Quick Co 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 * 0.9534

0.528 * 0.9882

0.404 * 1.6945

0.892 * 1.0438

0.115 * 0.9229

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * 0.055178

0.327 * 0.8627

-1.92

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was 円3,875 Mil.
Revenue was 円33,925 Mil.
Gross Profit was 円22,588 Mil.
Total Current Assets was 円17,683 Mil.
Total Assets was 円25,946 Mil.
Property, Plant and Equipment(Net PPE) was 円2,157 Mil.
Depreciation, Depletion and Amortization(DDA) was 円613 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円6,209 Mil.
Long-Term Debt & Capital Lease Obligation was 円35 Mil.
Net Income was 円4,159 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円2,727 Mil.

Total Receivables was 円3,894 Mil.
Revenue was 円32,501 Mil.
Gross Profit was 円21,385 Mil.
Total Current Assets was 円19,406 Mil.
Total Assets was 円25,131 Mil.
Property, Plant and Equipment(Net PPE) was 円2,234 Mil.
Depreciation, Depletion and Amortization(DDA) was 円574 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円7,010 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)
	=	(3874.981 / 33924.75)	/	(3894.008 / 32501.017)
	=	0.114223	/	0.119812
	=	0.9534

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)
	=	(21384.651 / 32501.017)	/	(22587.525 / 33924.75)
	=	0.657969	/	0.665813
	=	0.9882

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 - (17682.584 + 2157.36) / 25946.494)	/	(1 - (19406.416 + 2233.748) / 25130.673)
	=	0.235352	/	0.138894
	=	1.6945

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
	=	33924.75	/	32501.017
	=	1.0438

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))
	=	(573.596 / (573.596 + 2233.748))	/	(613.409 / (613.409 + 2157.36))
	=	0.20432	/	0.221386
	=	0.9229

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 / 33924.75)	/	(0 / 32501.017)
	=	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)
	=	((35.317 + 6208.972) / 25946.494)	/	((0 + 7010.182) / 25130.673)
	=	0.24066	/	0.278949
	=	0.8627

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
	=	(4158.976 - 0	-	2727.31)	/	25946.494
	=	0.055178

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.

Quick Co has a M-score of -1.92 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 -1.92 mean?

Quick Co (TSE:4318) has a Beneish M-Score of -1.92 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Quick Co and its competitors. According to the industry distribution chart, Quick Co ranks #832 out of 1020 companies in the Business Services industry, placing it in the top 81.6%.

Is Quick Co's Beneish M-Score too high?

Quick Co's current Beneish M-Score is -1.92. Based on the distribution chart, Quick Co ranks #832 out of 1020 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Quick Co has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Quick Co's Beneish M-Score compare to KFY and RHI?

According to the Business Services industry distribution chart, Quick Co ranks #832 out of 1020 companies for Beneish M-Score. This places Quick 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 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 Quick Co and its competitors. Quick Co's current Beneish M-Score is -1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Quick Co stock overvalued right now?

Based on GuruFocus' analysis, Quick Co (TSE:4318) is currently considered Modestly Undervalued. The stock's GF Value™ is 円856.06, compared to a current price of 円770.00 — trading 10.1% below its estimated fair value. The current Beneish M-Score is -1.92. Quick Co's overall GF Score™ is 87/100 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 Quick Co (TSE:4318), the current Beneish M-Score is -1.92 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.

Is Quick Co (TSE:4318) Overvalued in 2026?

Based on GuruFocus' analysis, Quick Co stock appears to be undervalued. The current stock price of 円770.00 is trading 10.1% below its estimated GF Value™ of 円856.06. GuruFocus considers Quick Co to be Modestly Undervalued.

Key valuation signals for TSE:4318:

Beneish M-Score: -1.92
GF Value™: 円856.06 vs. price of 円770.00 (10.1% below fair value)
GF Score™: 87/100 with 1 warning sign

No single metric tells the full story. See the TSE:4318 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Quick Co Business Description

Industry Industrials Business Services

Comparable Companies TSE:4849 TSE:2429 TSE:4641 TSE:2475 TSE:4377 TSE:7059 TSE:2168 TSE:421A TSE:4848 TSE:6070 XAMS:RAND KFY TSE:2181 RHI XSWX:ADEN HKSE:02225 TNET MAN NSP TSE:9744

Address Osaka Fukoku Seimei Building 2-4, Komatsubara, Kita-ku, Osaka, JPN, 530-0018

Website http://www.919.jp

Quick Co Ltd provides human resource solutions and information services. The company operates in four business divisions namely Recruiting Division, Staffing Services Division, Information Publishing Division, and Others.

87GF Score

Get the complete analysis for TSE:4318

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

円770.00

Price

円856.06

GF Value

View TSE:4318 Analysis

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