uSonar Co (TSE:431A) Beneish M-Score: -2.73 (As of Jul. 17, 2026)

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TSE:431A uSonar Co Ltd TSE:431A
20 GF Score
Price 円1,957.00
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What is uSonar Co Beneish M-Score?

uSonar Co TSE:431A -1.71% 20 Beneish M-Score is -2.73 as of Jul. 17, 2026. GuruFocus rates TSE:431A with a GF Score™ of 20/100. Among 2,628 Software companies, uSonar Co ranks better than 63.43% 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 -2.73 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:431A' s Beneish M-Score Range Over the Past 10 Years
Min: -2.73   Med: -2.73   Max: -2.73
Current: -2.73

During the past 3 years, the highest Beneish M-Score of uSonar Co was -2.73. The lowest was -2.73. And the median was -2.73.

uSonar Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for uSonar 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.

uSonar Co Beneish M-Score Chart

uSonar Co Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.73

uSonar Co Semi-Annual Data
Dec23 Dec24 Jun25 Dec25
Beneish M-Score 0.00 0.00 0.00 -2.73

TSE:431A vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, uSonar 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.

uSonar Co Beneish M-Score vs Software Industry

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

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


TSE:431A
20GF Score
uSonar Co Ltd TSE:431A
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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uSonar 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 uSonar 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 * 0.9316+0.528 * 0.9975+0.404 * 1.3134+0.892 * 1.1838+0.115 * 1.1446
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.112224-0.327 * 0.8915
=-2.73

* 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418 Mil.
Revenue was 円7,192 Mil.
Gross Profit was 円4,461 Mil.
Total Current Assets was 円5,383 Mil.
Total Assets was 円7,330 Mil.
Property, Plant and Equipment(Net PPE) was 円929 Mil.
Depreciation, Depletion and Amortization(DDA) was 円323 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円2,643 Mil.
Long-Term Debt & Capital Lease Obligation was 円70 Mil.
Net Income was 円889 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円1,712 Mil.
 Total Receivables was 円379 Mil.
Revenue was 円6,075 Mil.
Gross Profit was 円3,759 Mil.
Total Current Assets was 円3,871 Mil.
Total Assets was 円4,942 Mil.
Property, Plant and Equipment(Net PPE) was 円548 Mil.
Depreciation, Depletion and Amortization(DDA) was 円229 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円1,990 Mil.
Long-Term Debt & Capital Lease Obligation was 円62 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)
=(417.932 / 7191.612) / (378.968 / 6074.883)
=0.058114 / 0.062383
=0.9316

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)
=(3758.5 / 6074.883) / (4460.567 / 7191.612)
=0.618695 / 0.620246
=0.9975

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 - (5382.63 + 929.252) / 7330.415) / (1 - (3870.963 + 548.076) / 4941.866)
=0.138946 / 0.105795
=1.3134

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
=7191.612 / 6074.883
=1.1838

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))
=(229.423 / (229.423 + 548.076)) / (322.78 / (322.78 + 929.252))
=0.295078 / 0.257805
=1.1446

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 / 7191.612) / (0 / 6074.883)
=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)
=((70 + 2642.639) / 7330.415) / ((61.701 + 1989.508) / 4941.866)
=0.370053 / 0.415068
=0.8915

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
=(888.998 - 0 - 1711.649) / 7330.415
=-0.112224

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.

uSonar Co has a M-score of -2.73 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 -2.73 mean?
uSonar Co (TSE:431A) has a Beneish M-Score of -2.73 as of Jul. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on uSonar Co and its competitors. According to the industry distribution chart, uSonar Co ranks #961 out of 2628 companies in the Software industry, placing it in the top 36.6%.
Is uSonar Co's Beneish M-Score too high?
uSonar Co's current Beneish M-Score is -2.73. Based on the distribution chart, uSonar Co ranks #961 out of 2628 companies in the Software industry, which is above the industry midpoint. Overall, uSonar Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does uSonar Co's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, uSonar Co ranks #961 out of 2628 companies for Beneish M-Score. This puts uSonar 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 uSonar Co and its competitors. uSonar Co's current Beneish M-Score is -2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is uSonar Co stock overvalued right now?
uSonar Co (TSE:431A) has a current Beneish M-Score of -2.73. The current Beneish M-Score is -2.73. uSonar Co's overall GF Score™ is 20/100. 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 uSonar Co (TSE:431A), the current Beneish M-Score is -2.73 as of Jul. 17, 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.

uSonar Co Business Description

Address 3-20-2 Nishishinjuku, Tokyo Opera City, 15th Floor, Shinjuku-ku, Tokyo, JPN, 163-1415
uSonar Co Ltd is engaged in providing Database & Marketing Support Services. The company utilizes integrated data from the beginning of sales activities to closing.
20GF Score

Get the complete analysis for TSE:431A

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

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