GIMIC Co (TSE:475A) Beneish M-Score: -2.58 (As of Jun. 27, 2026)


TSE:475A GIMIC Co Ltd TSE:475A
21 GF Score
Price 円630.00
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What is GIMIC Co Beneish M-Score?

GIMIC Co TSE:475A -1.56% 21 Beneish M-Score is -2.58 as of Jun. 27, 2026. GuruFocus rates TSE:475A with a GF Score™ of 21/100. Among 633 Healthcare Providers & Services companies, GIMIC Co ranks worse than 50.39% 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 -2.58 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:475A' s Beneish M-Score Range Over the Past 10 Years
Min: -2.58   Med: -2.58   Max: -2.58
Current: -2.58

During the past 3 years, the highest Beneish M-Score of GIMIC Co was -2.58. The lowest was -2.58. And the median was -2.58.

GIMIC Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for GIMIC 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.

GIMIC Co Beneish M-Score Chart

GIMIC Co Annual Data
Trend Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -2.58

GIMIC Co Semi-Annual Data
Mar24 Mar25 Sep25 Mar26
Beneish M-Score 0.00 0.00 0.00 -2.58

TSE:475A vs VEEV, BTSG, TEM: Beneish M-Score Comparison

For the Health Information Services subindustry, GIMIC 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.

GIMIC Co Beneish M-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, GIMIC Co's Beneish M-Score distribution charts can be found below:

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


TSE:475A
21GF Score
GIMIC Co Ltd TSE:475A
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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GIMIC 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 GIMIC 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 * 1.0291+0.528 * 0.9902+0.404 * 0.4341+0.892 * 1.0818+0.115 * 1.0139
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.028927-0.327 * 0.4726
=-2.58

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was 円841 Mil.
Revenue was 円3,843 Mil.
Gross Profit was 円3,147 Mil.
Total Current Assets was 円2,948 Mil.
Total Assets was 円3,303 Mil.
Property, Plant and Equipment(Net PPE) was 円74 Mil.
Depreciation, Depletion and Amortization(DDA) was 円79 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円792 Mil.
Long-Term Debt & Capital Lease Obligation was 円43 Mil.
Net Income was 円307 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円403 Mil.
 Total Receivables was 円756 Mil.
Revenue was 円3,552 Mil.
Gross Profit was 円2,880 Mil.
Total Current Assets was 円1,231 Mil.
Total Assets was 円1,631 Mil.
Property, Plant and Equipment(Net PPE) was 円80 Mil.
Depreciation, Depletion and Amortization(DDA) was 円88 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円767 Mil.
Long-Term Debt & Capital Lease Obligation was 円105 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)
=(841.125 / 3842.867) / (755.509 / 3552.165)
=0.21888 / 0.21269
=1.0291

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)
=(2880.171 / 3552.165) / (3146.813 / 3842.867)
=0.810821 / 0.818871
=0.9902

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 - (2947.866 + 73.948) / 3302.593) / (1 - (1231.391 + 79.869) / 1630.601)
=0.085018 / 0.195843
=0.4341

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
=3842.867 / 3552.165
=1.0818

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))
=(87.539 / (87.539 + 79.869)) / (78.751 / (78.751 + 73.948))
=0.522908 / 0.515727
=1.0139

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 / 3842.867) / (0 / 3552.165)
=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)
=((43.211 + 791.775) / 3302.593) / ((104.95 + 767.402) / 1630.601)
=0.252827 / 0.534988
=0.4726

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
=(307.1 - 0 - 402.634) / 3302.593
=-0.028927

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.

GIMIC Co has a M-score of -2.58 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 -2.58 mean?
GIMIC Co (TSE:475A) has a Beneish M-Score of -2.58 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on GIMIC Co and its competitors. According to the industry distribution chart, GIMIC Co ranks #319 out of 633 companies in the Healthcare Providers & Services industry, placing it in the top 50.4%.
Is GIMIC Co's Beneish M-Score too high?
GIMIC Co's current Beneish M-Score is -2.58. Based on the distribution chart, GIMIC Co ranks #319 out of 633 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, GIMIC Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does GIMIC Co's Beneish M-Score compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, GIMIC Co ranks #319 out of 633 companies for Beneish M-Score. This places GIMIC 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 Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & 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 GIMIC Co and its competitors. GIMIC Co's current Beneish M-Score is -2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GIMIC Co stock overvalued right now?
GIMIC Co (TSE:475A) has a current Beneish M-Score of -2.58. The current Beneish M-Score is -2.58. GIMIC Co's overall GF Score™ is 21/100. 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 GIMIC Co (TSE:475A), the current Beneish M-Score is -2.58 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.

GIMIC Co Business Description

Address 2-17 Nanpeidaicho, Shibuya-ku, A-PLACE Shibuya Minamidaidai 3rd,5th and 7th floor, Tokyo, JPN, 150-0036
GIMIC Co Ltd operates a healthcare-focused digital platform centered on 'Doctors File', which comprehensively compiles information to enable patients to identify and choose the most appropriate physicians. The company has various platforms that increase the connectivity between patients, doctors, clinics and hospitals.
21GF Score

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

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