Hito To Hito Holdings Co (TSE:549A) Beneish M-Score: -2.37 (As of Aug. 08, 2026)

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TSE:549A Hito To Hito Holdings Co Ltd TSE:549A
8 GF Score
Price 円482.00
! 2 Warning Signs
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What is Hito To Hito Holdings Co Beneish M-Score?

Hito To Hito Holdings Co TSE:549A 8 Beneish M-Score is -2.37 as of Aug. 08, 2026. GuruFocus rates TSE:549A with a GF Score™ of 8/100. The stock has 2 warning signs investors should review. Among 1,024 Business Services companies, Hito To Hito Holdings Co ranks worse than 64.94% 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 -2.37 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:549A' s Beneish M-Score Range Over the Past 10 Years
Min: -2.37   Med: -2.37   Max: -2.37
Current: -2.37

During the past 3 years, the highest Beneish M-Score of Hito To Hito Holdings Co was -2.37. The lowest was -2.37. And the median was -2.37.

Hito To Hito Holdings Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Hito To Hito 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.

Hito To Hito Holdings Co Beneish M-Score Chart

Hito To Hito Holdings Co Annual Data
Trend Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 -2.37

Hito To Hito Holdings Co Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25
Beneish M-Score 0.00 0.00 0.00 -2.37 0.00

TSE:549A vs ALLE, MSA, ADT: Beneish M-Score Comparison

For the Security & Protection Services subindustry, Hito To Hito 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.

Hito To Hito Holdings Co Beneish M-Score vs Business Services Industry

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

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


TSE:549A
8GF Score
Hito To Hito Holdings Co Ltd TSE:549A
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Hito To Hito 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 Hito To Hito 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 * 0.9561+0.528 * 1.0523+0.404 * 1.0292+0.892 * 1.0767+0.115 * 1.0685
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8882+4.679 * 0.000537-0.327 * 0.9513
=-2.37

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was 円1,783 Mil.
Revenue was 円16,803 Mil.
Gross Profit was 円2,738 Mil.
Total Current Assets was 円3,439 Mil.
Total Assets was 円11,180 Mil.
Property, Plant and Equipment(Net PPE) was 円1,132 Mil.
Depreciation, Depletion and Amortization(DDA) was 円378 Mil.
Selling, General, & Admin. Expense(SGA) was 円2,060 Mil.
Total Current Liabilities was 円3,592 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,155 Mil.
Net Income was 円342 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円336 Mil.
 Total Receivables was 円1,732 Mil.
Revenue was 円15,606 Mil.
Gross Profit was 円2,676 Mil.
Total Current Assets was 円3,843 Mil.
Total Assets was 円11,712 Mil.
Property, Plant and Equipment(Net PPE) was 円1,142 Mil.
Depreciation, Depletion and Amortization(DDA) was 円417 Mil.
Selling, General, & Admin. Expense(SGA) was 円2,154 Mil.
Total Current Liabilities was 円3,915 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,717 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)
=(1783 / 16803) / (1732 / 15606)
=0.106112 / 0.110983
=0.9561

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)
=(2676 / 15606) / (2738 / 16803)
=0.171473 / 0.162947
=1.0523

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 - (3439 + 1132) / 11180) / (1 - (3843 + 1142) / 11712)
=0.591145 / 0.574368
=1.0292

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
=16803 / 15606
=1.0767

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))
=(417 / (417 + 1142)) / (378 / (378 + 1132))
=0.267479 / 0.250331
=1.0685

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)
=(2060 / 16803) / (2154 / 15606)
=0.122597 / 0.138024
=0.8882

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)
=((5155 + 3592) / 11180) / ((5717 + 3915) / 11712)
=0.782379 / 0.822404
=0.9513

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
=(342 - 0 - 336) / 11180
=0.000537

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.

Hito To Hito Holdings Co has a M-score of -2.37 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 -2.37 mean?
Hito To Hito Holdings Co (TSE:549A) has a Beneish M-Score of -2.37 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hito To Hito Holdings Co and its competitors. According to the industry distribution chart, Hito To Hito Holdings Co ranks #665 out of 1024 companies in the Business Services industry, placing it in the top 64.9%.
Is Hito To Hito Holdings Co's Beneish M-Score too high?
Hito To Hito Holdings Co's current Beneish M-Score is -2.37. Based on the distribution chart, Hito To Hito Holdings Co ranks #665 out of 1024 companies in the Business Services industry, which is below the industry midpoint. Overall, Hito To Hito Holdings Co has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Hito To Hito Holdings Co's Beneish M-Score compare to ALLE and MSA?
According to the Business Services industry distribution chart, Hito To Hito Holdings Co ranks #665 out of 1024 companies for Beneish M-Score. This places Hito To Hito 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 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 Hito To Hito Holdings Co and its competitors. Hito To Hito Holdings Co's current Beneish M-Score is -2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hito To Hito Holdings Co stock overvalued right now?
Hito To Hito Holdings Co (TSE:549A) has a current Beneish M-Score of -2.37. The current Beneish M-Score is -2.37. Hito To Hito Holdings Co's overall GF Score™ is 8/100 with 2 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 Hito To Hito Holdings Co (TSE:549A), the current Beneish M-Score is -2.37 as of Aug. 08, 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.

Hito To Hito Holdings Co Business Description

Address 2-21-9 Jingumae, Shibuya-ku, Tokyo, JPN, 150-0001
Hito To Hito Holdings Co Ltd, along with its subsidiaries, is engaged in operating sporting events, providing security and cleaning services for commercial facilities, offering staffing solutions, and supporting product and service sales, along with related ancillary activities.
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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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