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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 -2.28 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Japan Cash Machine Co's Beneish M-Score or its related term are showing as below:
TSE:6418'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.23 Med: -2.57 Max: -1.52
Current: -2.28
During the past 13 years, the highest Beneish M-Score of Japan Cash Machine Co was -1.52. The lowest was -4.23. And the median was -2.57.
Japan Cash Machine Co Beneish M-Score Related Terms
Japan Cash Machine Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Japan Cash Machine Co'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.
Japan Cash Machine Co Beneish M-Score Competitor Comparison
For the Business Equipment & Supplies subindustry, Japan Cash Machine Co'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.
Japan Cash Machine Co Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Japan Cash Machine Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Japan Cash Machine Co's Beneish M-Score falls into.
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 Japan Cash Machine Co 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 * 1.2628
+
0.528 * 0.9945
+
0.404 * 1.5463
+
0.892 * 0.8345
+
0.115 * 0.5871
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.022674
-
0.327 * 0.8627
=
-2.28
* 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.
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.
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))
=
(523.276 / (523.276 + 4080.651))
/
(630.825 / (630.825 + 2627.58))
=
0.113659
/
0.193599
=
0.5871
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
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
=
(4692.309 - 0
-
5876.384)
/
52222.636
=
-0.022674
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.
Japan Cash Machine Co has a M-score of -2.28 suggests that the company is unlikely to be a manipulator.
Japan Cash Machine Co (TSE:6418) has a Beneish M-Score of -2.28 as of Jul. 23, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Japan Cash Machine Co and its competitors. According to the industry distribution chart, Japan Cash Machine Co ranks #1875 out of 2911 companies in the Industrial Products industry, placing it in the top 64.4%.
Is Japan Cash Machine Co's Beneish M-Score too high?
Japan Cash Machine Co's current Beneish M-Score is -2.28. Based on the distribution chart, Japan Cash Machine Co ranks #1875 out of 2911 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Japan Cash Machine Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Cash Machine Co's Beneish M-Score compare to competitors?
According to the Industrial Products industry distribution chart, Japan Cash Machine Co ranks #1875 out of 2911 companies for Beneish M-Score. This places Japan Cash Machine Co 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Japan Cash Machine Co and its competitors. Japan Cash Machine Co's current Beneish M-Score is -2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Cash Machine Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Cash Machine Co (TSE:6418) is currently considered Fairly Valued. The stock's GF Value™ is 円1,065.56, compared to a current price of 円1,081.00 — trading 1.4% above its estimated fair value. The current Beneish M-Score is -2.28. Japan Cash Machine Co's overall GF Score™ is 78/100 with 2 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 Japan Cash Machine Co (TSE:6418), the current Beneish M-Score is -2.28 as of Jul. 23, 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 Japan Cash Machine Co (TSE:6418) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Cash Machine Co stock appears to be overvalued.
The current stock price of 円1,081.00 is trading 1.4% above its estimated GF Value™ of 円1,065.56.
GuruFocus considers Japan Cash Machine Co to be Fairly Valued.
Key valuation signals for TSE:6418:
Beneish M-Score: -2.28
GF Value™: 円1,065.56 vs. price of 円1,081.00 (1.4% above fair value)
No single metric tells the full story. See the TSE:6418 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Cash Machine Co Ltd is engaged in the manufacture and sale of money-handling and amusement center machines. The company operates through four segments. Its Global gaming segment includes the trade of bill validators, recyclers, and printers for casinos and original equipment manufacturer customers. The Overseas commercial segment consists of the sale of machines to overseas financial, distribution and transportation markets. Its Domestic commercial segment comprises of marketing of bill recycler units coin dispensers and foreign currency exchange machines for domestic markets. The company's Equipment for amusement industry segment is involved in the provision of ball and medal lending machines for slot machines.
78GF Score
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