Yutori (TSE:5892) Beneish M-Score: -2.18 (As of Jun. 26, 2026)


TSE:5892 Yutori Inc TSE:5892
16 GF Score
Price 円1,978.00
! 1 Warning Sign
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What is Yutori Beneish M-Score?

Yutori TSE:5892 -1.44% 16 Beneish M-Score is -2.18 as of Jun. 26, 2026. GuruFocus rates TSE:5892 with a GF Score™ of 16/100. The stock has 1 warning sign investors should review. Among 1,001 Manufacturing - Apparel & Accessories companies, Yutori ranks worse than 70.83% 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 -2.18 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:5892' s Beneish M-Score Range Over the Past 10 Years
Min: -2.82   Med: -2.18   Max: -0.24
Current: -2.18

During the past 5 years, the highest Beneish M-Score of Yutori was -0.24. The lowest was -2.82. And the median was -2.18.

Yutori Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Yutori'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.

Yutori Beneish M-Score Chart

Yutori Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -2.82 -0.24 -2.18

Yutori Semi-Annual Data
Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial -2.82 0.00 -0.24 0.00 -2.18

TSE:5892 vs RL, LEVI, VFC: Beneish M-Score Comparison

For the Apparel Manufacturing subindustry, Yutori'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.

Yutori Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Yutori's Beneish M-Score distribution charts can be found below:

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


TSE:5892
16GF Score
Yutori Inc TSE:5892
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Yutori 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 Yutori 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 * 0.8758+0.528 * 0.9749+0.404 * 0.6386+0.892 * 1.7138+0.115 * 0.9442
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.017133-0.327 * 0.943
=-2.18

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was 円721 Mil.
Revenue was 円14,235 Mil.
Gross Profit was 円8,987 Mil.
Total Current Assets was 円6,987 Mil.
Total Assets was 円10,021 Mil.
Property, Plant and Equipment(Net PPE) was 円1,007 Mil.
Depreciation, Depletion and Amortization(DDA) was 円409 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円4,385 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,609 Mil.
Net Income was 円310 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円482 Mil.
 Total Receivables was 円480 Mil.
Revenue was 円8,306 Mil.
Gross Profit was 円5,112 Mil.
Total Current Assets was 円3,873 Mil.
Total Assets was 円6,566 Mil.
Property, Plant and Equipment(Net PPE) was 円613 Mil.
Depreciation, Depletion and Amortization(DDA) was 円230 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円2,507 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,658 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)
=(720.888 / 14234.678) / (480.312 / 8306.109)
=0.050643 / 0.057826
=0.8758

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)
=(5112.27 / 8306.109) / (8987.194 / 14234.678)
=0.615483 / 0.631359
=0.9749

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 - (6987.273 + 1007.023) / 10020.75) / (1 - (3873.137 + 613.437) / 6565.547)
=0.202226 / 0.316649
=0.6386

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
=14234.678 / 8306.109
=1.7138

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))
=(229.899 / (229.899 + 613.437)) / (408.745 / (408.745 + 1007.023))
=0.272607 / 0.288709
=0.9442

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 / 14234.678) / (0 / 8306.109)
=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)
=((1609.37 + 4385.391) / 10020.75) / ((1657.595 + 2507.449) / 6565.547)
=0.598235 / 0.634379
=0.943

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
=(310.308 - 0 - 481.995) / 10020.75
=-0.017133

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.

Yutori has a M-score of -2.18 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 -2.18 mean?
Yutori (TSE:5892) has a Beneish M-Score of -2.18 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yutori and its competitors. According to the industry distribution chart, Yutori ranks #709 out of 1001 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 70.8%.
Is Yutori's Beneish M-Score too high?
Yutori's current Beneish M-Score is -2.18. Based on the distribution chart, Yutori ranks #709 out of 1001 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Yutori has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Yutori's Beneish M-Score compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Yutori ranks #709 out of 1001 companies for Beneish M-Score. This places Yutori 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Yutori and its competitors. Yutori's current Beneish M-Score is -2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yutori stock overvalued right now?
Yutori (TSE:5892) has a current Beneish M-Score of -2.18. The current Beneish M-Score is -2.18. Yutori's 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 Yutori (TSE:5892), the current Beneish M-Score is -2.18 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.

Yutori Business Description

Address 2-5-2, Kitazawa, Shimokitazawa Big Ben 4th floor, Setagatya-ku, Tokyo, JPN, 155-0031
Yutori Inc is a Tokyo-based street company aiming to expand Asia-wide. It is engaged in the retail and wholesale of apparel goods and creating brands reflecting diversity in digital culture through media and individual stories.
16GF Score

Get the complete analysis for TSE:5892

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

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