Nyle (TSE:5618) Beneish M-Score: -2.16 (As of Jul. 13, 2026)


TSE:5618 Nyle Inc TSE:5618
3 GF Score
Price 円295.00
! 3 Warning Signs
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What is Nyle Beneish M-Score?

Nyle TSE:5618 +1.72% 3 Beneish M-Score is -2.16 as of Jul. 13, 2026. GuruFocus rates TSE:5618 with a GF Score™ of 3/100. The stock has 3 warning signs investors should review. Among 976 Media - Diversified companies, Nyle ranks worse than 73.46% 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 -2.16 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:5618' s Beneish M-Score Range Over the Past 10 Years
Min: -2.24   Med: -2.16   Max: -0.76
Current: -2.16

During the past 5 years, the highest Beneish M-Score of Nyle was -0.76. The lowest was -2.24. And the median was -2.16.

Nyle Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Nyle'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.

Nyle Beneish M-Score Chart

Nyle Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.24 -0.76 -2.16

Nyle Quarterly Data
Dec21 Dec22 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -2.16 0.00

TSE:5618 vs APP, OMC, TTD: Beneish M-Score Comparison

For the Advertising Agencies subindustry, Nyle'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.

Nyle Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Nyle's Beneish M-Score distribution charts can be found below:

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


TSE:5618
3GF Score
Nyle Inc TSE:5618
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Nyle 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 Nyle 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 * 1.067+0.528 * 1.0869+0.404 * 0.8291+0.892 * 1.2315+0.115 * 0.4965
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.033525-0.327 * 1.0778
=-2.16

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was 円503 Mil.
Revenue was 円6,730 Mil.
Gross Profit was 円2,446 Mil.
Total Current Assets was 円2,612 Mil.
Total Assets was 円3,142 Mil.
Property, Plant and Equipment(Net PPE) was 円121 Mil.
Depreciation, Depletion and Amortization(DDA) was 円21 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円1,563 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,127 Mil.
Net Income was 円-153 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-258 Mil.
 Total Receivables was 円383 Mil.
Revenue was 円5,465 Mil.
Gross Profit was 円2,159 Mil.
Total Current Assets was 円2,341 Mil.
Total Assets was 円2,913 Mil.
Property, Plant and Equipment(Net PPE) was 円115 Mil.
Depreciation, Depletion and Amortization(DDA) was 円9 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円1,233 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,081 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)
=(502.65 / 6730.288) / (382.541 / 5465.135)
=0.074685 / 0.069997
=1.067

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)
=(2158.539 / 5465.135) / (2445.638 / 6730.288)
=0.394965 / 0.363378
=1.0869

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 - (2612.211 + 121.215) / 3142.268) / (1 - (2340.582 + 114.987) / 2912.635)
=0.13011 / 0.156925
=0.8291

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
=6730.288 / 5465.135
=1.2315

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))
=(8.934 / (8.934 + 114.987)) / (20.589 / (20.589 + 121.215))
=0.072094 / 0.145193
=0.4965

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 / 6730.288) / (0 / 5465.135)
=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)
=((1126.991 + 1563.138) / 3142.268) / ((1080.584 + 1232.862) / 2912.635)
=0.856111 / 0.794279
=1.0778

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
=(-152.532 - 0 - -257.877) / 3142.268
=0.033525

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.

Nyle has a M-score of -2.16 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 -2.16 mean?
Nyle (TSE:5618) has a Beneish M-Score of -2.16 as of Jul. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nyle and its competitors. According to the industry distribution chart, Nyle ranks #717 out of 976 companies in the Media - Diversified industry, placing it in the top 73.5%.
Is Nyle's Beneish M-Score too high?
Nyle's current Beneish M-Score is -2.16. Based on the distribution chart, Nyle ranks #717 out of 976 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Nyle has a GF Score™ of 3/100, reflecting its overall financial health beyond just this single metric.
How does Nyle's Beneish M-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Nyle ranks #717 out of 976 companies for Beneish M-Score. This places Nyle 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Nyle and its competitors. Nyle's current Beneish M-Score is -2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nyle stock overvalued right now?
Nyle (TSE:5618) has a current Beneish M-Score of -2.16. The current Beneish M-Score is -2.16. Nyle's overall GF Score™ is 3/100 with 3 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 Nyle (TSE:5618), the current Beneish M-Score is -2.16 as of Jul. 13, 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.

Nyle Business Description

Address 1-24-2 Higashigotanda, Higashi - Gotanda 1-chome Building 7th Floor, Shinagawa-ku, Tokyo, JPN, 141-0022
Nyle Inc is engaged in the Automotive Industry DX Division (Providing Online-based Car Subscription-related Services) and Horizontal DX Division (Offering Consulting Services in DX and Marketing). The company develops various business growth solutions using the Internet and supports companies in promoting DX and marketing across all industries.
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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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