Jig Jp Co (TSE:5244) Beneish M-Score: -2.50 (As of Jun. 26, 2026)


TSE:5244 Jig Jp Co Ltd TSE:5244
69 GF Score
Price 円167.00
GF Value 円375.17
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Jig Jp Co Beneish M-Score?

Jig Jp Co TSE:5244 +1.83% 69 Beneish M-Score is -2.50 as of Jun. 26, 2026. GuruFocus rates TSE:5244 with a GF Score™ of 69/100 and a GF Value™ of 円375.17 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,634 Software companies, Jig Jp Co ranks worse than 52.62% 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 -2.5 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:5244' s Beneish M-Score Range Over the Past 10 Years
Min: -3.18   Med: -2.7   Max: -2.07
Current: -2.5

During the past 6 years, the highest Beneish M-Score of Jig Jp Co was -2.07. The lowest was -3.18. And the median was -2.70.

Jig Jp Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Jig Jp 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.

Jig Jp Co Beneish M-Score Chart

Jig Jp Co Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial 0.00 -2.07 -3.18 -2.90 -2.50

Jig Jp Co Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.18 0.00 -2.90 0.00 -2.50

TSE:5244 vs CRM, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, Jig Jp 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.

Jig Jp Co Beneish M-Score vs Software Industry

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

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


TSE:5244
69GF Score
Jig Jp Co Ltd TSE:5244
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jig Jp 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 Jig Jp 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 * 0.8622+0.528 * 1.0144+0.404 * 1.0359+0.892 * 1.0605+0.115 * 0.5455
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.007538-0.327 * 0.8489
=-2.50

* 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1,101 Mil.
Revenue was 円14,632 Mil.
Gross Profit was 円13,676 Mil.
Total Current Assets was 円6,302 Mil.
Total Assets was 円7,507 Mil.
Property, Plant and Equipment(Net PPE) was 円812 Mil.
Depreciation, Depletion and Amortization(DDA) was 円52 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円2,239 Mil.
Long-Term Debt & Capital Lease Obligation was 円213 Mil.
Net Income was 円1,156 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円1,099 Mil.
 Total Receivables was 円1,204 Mil.
Revenue was 円13,796 Mil.
Gross Profit was 円13,081 Mil.
Total Current Assets was 円5,661 Mil.
Total Assets was 円6,755 Mil.
Property, Plant and Equipment(Net PPE) was 円752 Mil.
Depreciation, Depletion and Amortization(DDA) was 円26 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円2,379 Mil.
Long-Term Debt & Capital Lease Obligation was 円220 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)
=(1100.641 / 14631.505) / (1203.711 / 13796.28)
=0.075224 / 0.087249
=0.8622

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)
=(13080.61 / 13796.28) / (13675.532 / 14631.505)
=0.948126 / 0.934663
=1.0144

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 - (6302.473 + 811.687) / 7506.847) / (1 - (5661.36 + 752.49) / 6754.946)
=0.052311 / 0.050496
=1.0359

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
=14631.505 / 13796.28
=1.0605

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))
=(25.591 / (25.591 + 752.49)) / (52.084 / (52.084 + 811.687))
=0.03289 / 0.060298
=0.5455

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 / 14631.505) / (0 / 13796.28)
=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)
=((213.032 + 2239.037) / 7506.847) / ((220.136 + 2379.052) / 6754.946)
=0.326644 / 0.384783
=0.8489

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
=(1155.758 - 0 - 1099.173) / 7506.847
=0.007538

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.

Jig Jp Co has a M-score of -2.50 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 -2.50 mean?
Jig Jp Co (TSE:5244) has a Beneish M-Score of -2.50 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jig Jp Co and its competitors. According to the industry distribution chart, Jig Jp Co ranks #1386 out of 2634 companies in the Software industry, placing it in the top 52.6%.
Is Jig Jp Co's Beneish M-Score too high?
Jig Jp Co's current Beneish M-Score is -2.50. Based on the distribution chart, Jig Jp Co ranks #1386 out of 2634 companies in the Software industry, which is below the industry midpoint. Overall, Jig Jp Co has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jig Jp Co's Beneish M-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Jig Jp Co ranks #1386 out of 2634 companies for Beneish M-Score. This places Jig Jp 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 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 Jig Jp Co and its competitors. Jig Jp Co's current Beneish M-Score is -2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jig Jp Co stock overvalued right now?
Based on GuruFocus' analysis, Jig Jp Co (TSE:5244) is currently considered Significantly Undervalued. The stock's GF Value™ is 円375.17, compared to a current price of 円167.00 — trading 55.5% below its estimated fair value. The current Beneish M-Score is -2.50. Jig Jp Co's overall GF Score™ is 69/100 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 Jig Jp Co (TSE:5244), the current Beneish M-Score is -2.50 as of Jun. 26, 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 Jig Jp Co (TSE:5244) Overvalued in 2026?

Based on GuruFocus' analysis, Jig Jp Co stock appears to be undervalued. The current stock price of 円167.00 is trading 55.5% below its estimated GF Value™ of 円375.17. GuruFocus considers Jig Jp Co to be Significantly Undervalued.

Key valuation signals for TSE:5244:

  • Beneish M-Score: -2.50
  • GF Value™: 円375.17 vs. price of 円167.00 (55.5% below fair value)
  • GF Score™: 69/100 with 1 warning sign

No single metric tells the full story. See the TSE:5244 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Jig Jp Co Business Description

Address 10-34-1 Yokogoshicho, Fukui Prefecture, Sabae, JPN, 916-0036
Jig Jp Co Ltd operates businesses related to general consumers, local governments, and business enterprises. In consumer-related businesses, the group offers a live streaming service, Fuwatch; Jig browser, a full browser app for feature phones; services related to VTubers; and Pecotter, a restaurant reservation answering service app. Its local governments and businesses' offerings include children's PCs for programming only, IchigoJam, and an open data platform for local governments. The majority of the group's revenue is generated from its consumer-related businesses.
69GF Score

Get the complete analysis for TSE:5244

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

円167.00
Price
円375.17
GF Value