Inbound Platform (TSE:5587) Beneish M-Score: -2.46 (As of Jun. 26, 2026)


TSE:5587 Inbound Platform Corp TSE:5587
32 GF Score
Price 円745.00
GF Value 円1,311.35
Valuation Significantly Undervalued
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What is Inbound Platform Beneish M-Score?

Inbound Platform TSE:5587 -0.67% 32 Beneish M-Score is -2.46 as of Jun. 26, 2026. GuruFocus rates TSE:5587 with a GF Score™ of 32/100 and a GF Value™ of 円1,311.35 (Significantly Undervalued). Among 1,020 Business Services companies, Inbound Platform ranks worse than 57.94% 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 -2.46 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:5587' s Beneish M-Score Range Over the Past 10 Years
Min: -2.82   Med: -2.46   Max: 0.13
Current: -2.46

During the past 5 years, the highest Beneish M-Score of Inbound Platform was 0.13. The lowest was -2.82. And the median was -2.46.

Inbound Platform Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Inbound Platform'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.

Inbound Platform Beneish M-Score Chart

Inbound Platform Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Beneish M-Score
0.00 0.00 -2.82 0.13 -2.46

Inbound Platform Semi-Annual Data
Sep21 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.13 0.00 -2.46 0.00

TSE:5587 vs CTAS, CPRT, GPN: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Inbound Platform'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.

Inbound Platform Beneish M-Score vs Business Services Industry

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

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


TSE:5587
32GF Score
Inbound Platform Corp TSE:5587
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Inbound Platform 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 Inbound Platform 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 * 1.73+0.528 * 0.8017+0.404 * 0.8939+0.892 * 1.2885+0.115 * 1.2614
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.152729-0.327 * 1.2388
=-2.46

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was 円317 Mil.
Revenue was 円3,007 Mil.
Gross Profit was 円2,265 Mil.
Total Current Assets was 円1,379 Mil.
Total Assets was 円2,706 Mil.
Property, Plant and Equipment(Net PPE) was 円357 Mil.
Depreciation, Depletion and Amortization(DDA) was 円137 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円1,066 Mil.
Long-Term Debt & Capital Lease Obligation was 円205 Mil.
Net Income was 円203 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円616 Mil.
 Total Receivables was 円142 Mil.
Revenue was 円2,334 Mil.
Gross Profit was 円1,409 Mil.
Total Current Assets was 円846 Mil.
Total Assets was 円1,958 Mil.
Property, Plant and Equipment(Net PPE) was 円327 Mil.
Depreciation, Depletion and Amortization(DDA) was 円175 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円578 Mil.
Long-Term Debt & Capital Lease Obligation was 円165 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)
=(316.53 / 3006.963) / (141.995 / 2333.695)
=0.105266 / 0.060846
=1.73

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)
=(1408.989 / 2333.695) / (2264.628 / 3006.963)
=0.603759 / 0.753128
=0.8017

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 - (1379.102 + 357.056) / 2705.797) / (1 - (845.827 + 326.948) / 1957.515)
=0.358356 / 0.400886
=0.8939

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
=3006.963 / 2333.695
=1.2885

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))
=(175.476 / (175.476 + 326.948)) / (136.721 / (136.721 + 357.056))
=0.349259 / 0.276888
=1.2614

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 / 3006.963) / (0 / 2333.695)
=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)
=((205.178 + 1066.459) / 2705.797) / ((164.938 + 577.664) / 1957.515)
=0.469968 / 0.37936
=1.2388

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
=(202.771 - 0 - 616.024) / 2705.797
=-0.152729

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.

Inbound Platform has a M-score of -2.46 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 -2.46 mean?
Inbound Platform (TSE:5587) has a Beneish M-Score of -2.46 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Inbound Platform and its competitors. According to the industry distribution chart, Inbound Platform ranks #591 out of 1020 companies in the Business Services industry, placing it in the top 57.9%.
Is Inbound Platform's Beneish M-Score too high?
Inbound Platform's current Beneish M-Score is -2.46. Based on the distribution chart, Inbound Platform ranks #591 out of 1020 companies in the Business Services industry, which is below the industry midpoint. Overall, Inbound Platform has a GF Score™ of 32/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Inbound Platform's Beneish M-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Inbound Platform ranks #591 out of 1020 companies for Beneish M-Score. This places Inbound Platform 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 Inbound Platform and its competitors. Inbound Platform's current Beneish M-Score is -2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inbound Platform stock overvalued right now?
Based on GuruFocus' analysis, Inbound Platform (TSE:5587) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,311.35, compared to a current price of 円745.00 — trading 43.2% below its estimated fair value. The current Beneish M-Score is -2.46. Inbound Platform's overall GF Score™ is 32/100. 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 Inbound Platform (TSE:5587), the current Beneish M-Score is -2.46 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 Inbound Platform (TSE:5587) Overvalued in 2026?

Based on GuruFocus' analysis, Inbound Platform stock appears to be undervalued. The current stock price of 円745.00 is trading 43.2% below its estimated GF Value™ of 円1,311.35. GuruFocus considers Inbound Platform to be Significantly Undervalued.

Key valuation signals for TSE:5587:

  • Beneish M-Score: -2.46
  • GF Value™: 円1,311.35 vs. price of 円745.00 (43.2% below fair value)
  • GF Score™: 32/100

No single metric tells the full story. See the TSE:5587 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Inbound Platform Business Description

Address 6-14-5 Shimbashi, 4th floor, SW Shimbashi Building, Minato-ku, Tokyo, JPN, 105-0004
Inbound Platform Corp is engaged in providing Pocket Wi-Fi, RV rental, foreign currency exchange services, and online travel information so foreign visitors can enjoy Japan even more. Its business operations cater to foreign visitors in Japan.
32GF Score

Get the complete analysis for TSE:5587

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

円745.00
Price
円1,311.35
GF Value