WiLLDo (TSE:5617) Beneish M-Score: -2.39 (As of Jun. 27, 2026)


TSE:5617 WiLLDo Inc TSE:5617
26 GF Score
Price 円1,437.00
! 1 Warning Sign
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What is WiLLDo Beneish M-Score?

WiLLDo TSE:5617 26 Beneish M-Score is -2.39 as of Jun. 27, 2026. GuruFocus rates TSE:5617 with a GF Score™ of 26/100. The stock has 1 warning sign investors should review.

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 -2.39 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:5617' s Beneish M-Score Range Over the Past 10 Years
Min: -2.45   Med: -2.39   Max: -1.17
Current: -2.39

During the past 5 years, the highest Beneish M-Score of WiLLDo was -1.17. The lowest was -2.45. And the median was -2.39.

WiLLDo Beneish M-Score Historical Data

* Premium members only.

The historical data trend for WiLLDo'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.

WiLLDo Beneish M-Score Chart

WiLLDo Annual Data
Trend Feb22 Feb23 Feb24 Feb25 Feb26
Beneish M-Score
0.00 0.00 -1.17 -2.45 -2.39

WiLLDo Semi-Annual Data
Feb22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Beneish M-Score Get a 7-Day Free Trial -1.17 0.00 -2.45 0.00 -2.39

TSE:5617 vs : Beneish M-Score Comparison

For the Software - Application subindustry, WiLLDo'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.

WiLLDo Beneish M-Score vs Software Industry

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

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


TSE:5617
26GF Score
WiLLDo Inc TSE:5617
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WiLLDo 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 WiLLDo 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 * 1.0912+0.528 * 0.9856+0.404 * 0.9599+0.892 * 1.1652+0.115 * 0.8892
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8399+4.679 * -0.04036-0.327 * 0.8422
=-2.39

* 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 (Feb26) TTM:Last Year (Feb25) TTM:
Total Receivables was 円51.2 Mil.
Revenue was 円757.6 Mil.
Gross Profit was 円679.3 Mil.
Total Current Assets was 円449.5 Mil.
Total Assets was 円705.7 Mil.
Property, Plant and Equipment(Net PPE) was 円108.3 Mil.
Depreciation, Depletion and Amortization(DDA) was 円12.5 Mil.
Selling, General, & Admin. Expense(SGA) was 円480.7 Mil.
Total Current Liabilities was 円216.3 Mil.
Long-Term Debt & Capital Lease Obligation was 円68.1 Mil.
Net Income was 円138.1 Mil.
Gross Profit was 円0.0 Mil.
Cash Flow from Operations was 円166.6 Mil.
 Total Receivables was 円40.3 Mil.
Revenue was 円650.2 Mil.
Gross Profit was 円574.6 Mil.
Total Current Assets was 円311.5 Mil.
Total Assets was 円543.1 Mil.
Property, Plant and Equipment(Net PPE) was 円113.0 Mil.
Depreciation, Depletion and Amortization(DDA) was 円11.4 Mil.
Selling, General, & Admin. Expense(SGA) was 円491.2 Mil.
Total Current Liabilities was 円181.7 Mil.
Long-Term Debt & Capital Lease Obligation was 円78.2 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)
=(51.211 / 757.637) / (40.275 / 650.215)
=0.067593 / 0.061941
=1.0912

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)
=(574.613 / 650.215) / (679.326 / 757.637)
=0.883728 / 0.896638
=0.9856

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 - (449.514 + 108.342) / 705.715) / (1 - (311.527 + 113.004) / 543.059)
=0.209517 / 0.21826
=0.9599

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
=757.637 / 650.215
=1.1652

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))
=(11.449 / (11.449 + 113.004)) / (12.503 / (12.503 + 108.342))
=0.091995 / 0.103463
=0.8892

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)
=(480.697 / 757.637) / (491.17 / 650.215)
=0.634469 / 0.755396
=0.8399

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)
=((68.08 + 216.268) / 705.715) / ((78.16 + 181.65) / 543.059)
=0.402922 / 0.478419
=0.8422

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
=(138.117 - 0 - 166.6) / 705.715
=-0.04036

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.

WiLLDo has a M-score of -2.39 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 -2.39 mean?
WiLLDo (TSE:5617) has a Beneish M-Score of -2.39 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on WiLLDo and its competitors.
Is WiLLDo's Beneish M-Score too high?
WiLLDo's current Beneish M-Score is -2.39. Overall, WiLLDo has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does WiLLDo's Beneish M-Score compare to ?
WiLLDo's Beneish M-Score of -2.39 can be compared against companies in the Software 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 WiLLDo and its competitors. WiLLDo's current Beneish M-Score is -2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WiLLDo stock overvalued right now?
WiLLDo (TSE:5617) has a current Beneish M-Score of -2.39. The current Beneish M-Score is -2.39. WiLLDo's overall GF Score™ is 26/100 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 WiLLDo (TSE:5617), the current Beneish M-Score is -2.39 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.

WiLLDo Business Description

Comparable Companies
Address 791-3 Yuda, Omata-cho, Mie Prefecture, Ise, JPN, 519-0506
WiLLDo Inc focuses on system development, application development, packaged software sales, and support services. It offers Software as a service business for beauty salon.
26GF 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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