Solize Holdings (TSE:5871) Beneish M-Score: -2.05 (As of Jun. 26, 2026)


TSE:5871 Solize Holdings Corp TSE:5871
16 GF Score
Price 円1,292.00
! 1 Warning Sign
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What is Solize Holdings Beneish M-Score?

Solize Holdings TSE:5871 -0.77% 16 Beneish M-Score is -2.05 as of Jun. 26, 2026. GuruFocus rates TSE:5871 with a GF Score™ of 16/100. The stock has 1 warning sign investors should review. Among 2,404 Hardware companies, Solize Holdings ranks worse than 76.96% 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 -2.05 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:5871' s Beneish M-Score Range Over the Past 10 Years
Min: -2.34   Med: -2.34   Max: -2.05
Current: -2.05

During the past 5 years, the highest Beneish M-Score of Solize Holdings was -2.05. The lowest was -2.34. And the median was -2.34.

Solize Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Solize Holdings'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.

Solize Holdings Beneish M-Score Chart

Solize Holdings Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.34 -2.34 -2.05

Solize Holdings Quarterly Data
Dec21 Dec22 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -2.34 0.00 0.00 -2.05 0.00

TSE:5871 vs DELL, SNDK, ANET: Beneish M-Score Comparison

For the Computer Hardware subindustry, Solize Holdings'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.

Solize Holdings Beneish M-Score vs Hardware Industry

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

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


TSE:5871
16GF Score
Solize Holdings Corp TSE:5871
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Solize Holdings 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 Solize Holdings 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 * 0.987+0.528 * 1.0063+0.404 * 1.7987+0.892 * 1.135+0.115 * 0.7708
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.010956-0.327 * 1.0771
=-2.05

* 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4,827 Mil.
Revenue was 円25,779 Mil.
Gross Profit was 円7,274 Mil.
Total Current Assets was 円11,008 Mil.
Total Assets was 円15,699 Mil.
Property, Plant and Equipment(Net PPE) was 円909 Mil.
Depreciation, Depletion and Amortization(DDA) was 円363 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円4,118 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Net Income was 円-36 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-208 Mil.
 Total Receivables was 円4,309 Mil.
Revenue was 円22,713 Mil.
Gross Profit was 円6,449 Mil.
Total Current Assets was 円12,567 Mil.
Total Assets was 円15,448 Mil.
Property, Plant and Equipment(Net PPE) was 円812 Mil.
Depreciation, Depletion and Amortization(DDA) was 円229 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円3,762 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 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)
=(4827 / 25779) / (4309 / 22713)
=0.187245 / 0.189715
=0.987

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)
=(6449 / 22713) / (7274 / 25779)
=0.283934 / 0.282168
=1.0063

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 - (11008 + 909) / 15699) / (1 - (12567 + 812) / 15448)
=0.240907 / 0.133933
=1.7987

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
=25779 / 22713
=1.135

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))
=(229 / (229 + 812)) / (363 / (363 + 909))
=0.219981 / 0.285377
=0.7708

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 / 25779) / (0 / 22713)
=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)
=((0 + 4118) / 15699) / ((0 + 3762) / 15448)
=0.26231 / 0.243527
=1.0771

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
=(-36 - 0 - -208) / 15699
=0.010956

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.

Solize Holdings has a M-score of -2.05 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 -2.05 mean?
Solize Holdings (TSE:5871) has a Beneish M-Score of -2.05 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Solize Holdings and its competitors. According to the industry distribution chart, Solize Holdings ranks #1850 out of 2404 companies in the Hardware industry, placing it in the top 77%.
Is Solize Holdings' Beneish M-Score too high?
Solize Holdings' current Beneish M-Score is -2.05. Based on the distribution chart, Solize Holdings ranks #1850 out of 2404 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Solize Holdings has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Solize Holdings' Beneish M-Score compare to DELL and SNDK?
According to the Hardware industry distribution chart, Solize Holdings ranks #1850 out of 2404 companies for Beneish M-Score. This places Solize Holdings 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Solize Holdings and its competitors. Solize Holdings's current Beneish M-Score is -2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solize Holdings stock overvalued right now?
Solize Holdings (TSE:5871) has a current Beneish M-Score of -2.05. The current Beneish M-Score is -2.05. Solize Holdings' overall GF Score™ is 16/100 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 Solize Holdings (TSE:5871), the current Beneish M-Score is -2.05 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.

Solize Holdings Business Description

Address 6-3, Sanban-cho, Sanban-cho UF Building 3rd Floor, Chiyoda-ku, Chiyoda-ku, JPN, 102-0075
Solize Holdings Corp provides 3D CAD Engineering Services, CAE Engineering Services, MBD Engineering Services and 3D Printing Engineering Services. The company provides consistent support from specification review to data creation, manufacturing, secondary processing, and inspection. In addition to 3D printing, It also handles cutting, sheet metal processing, casting, casting, injection molding, and more, providing a wide range of services tailored to delivery dates and budgets.
16GF 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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