Aiai Group (TSE:6557) Beneish M-Score: -1.20 (As of Jul. 11, 2026)


TSE:6557 Aiai Group Corp TSE:6557
53 GF Score
Price 円664.00
GF Value 円1,427.42
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Aiai Group Beneish M-Score?

Aiai Group TSE:6557 +2.15% 53 Beneish M-Score is -1.20 as of Jul. 11, 2026. GuruFocus rates TSE:6557 with a GF Score™ of 53/100 and a GF Value™ of 円1,427.42 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 631 Healthcare Providers & Services companies, Aiai Group ranks worse than 90.81% 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.

Warning Sign:

Beneish M-Score -1.2 higher than -1.78, which implies that the company might have manipulated its financial results.

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

TSE:6557' s Beneish M-Score Range Over the Past 10 Years
Min: -3.19   Med: -2.33   Max: -1.04
Current: -1.2

During the past 11 years, the highest Beneish M-Score of Aiai Group was -1.04. The lowest was -3.19. And the median was -2.33.

Aiai Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Aiai Group'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.

Aiai Group Beneish M-Score Chart

Aiai Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.19 -2.93 -3.08 -2.33 -1.20

Aiai Group Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.08 0.00 -2.33 0.00 -1.20

TSE:6557 vs HCA, THC, DVA: Beneish M-Score Comparison

For the Medical Care Facilities subindustry, Aiai Group'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.

Aiai Group Beneish M-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Aiai Group's Beneish M-Score distribution charts can be found below:

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


TSE:6557
53GF Score
Aiai Group Corp TSE:6557
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aiai Group 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 Aiai Group 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 * 1.2908+0.528 * 0.8589+0.404 * 3.5559+0.892 * 1.1195+0.115 * 1.4567
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.010546-0.327 * 1.1635
=-1.20

* 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2,807 Mil.
Revenue was 円14,634 Mil.
Gross Profit was 円2,787 Mil.
Total Current Assets was 円7,648 Mil.
Total Assets was 円26,907 Mil.
Property, Plant and Equipment(Net PPE) was 円9,414 Mil.
Depreciation, Depletion and Amortization(DDA) was 円678 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円9,698 Mil.
Long-Term Debt & Capital Lease Obligation was 円12,831 Mil.
Net Income was 円622 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円905 Mil.
 Total Receivables was 円1,942 Mil.
Revenue was 円13,071 Mil.
Gross Profit was 円2,138 Mil.
Total Current Assets was 円4,651 Mil.
Total Assets was 円12,472 Mil.
Property, Plant and Equipment(Net PPE) was 円6,538 Mil.
Depreciation, Depletion and Amortization(DDA) was 円710 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円3,881 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,094 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)
=(2806.554 / 14633.765) / (1942.075 / 13071.341)
=0.191786 / 0.148575
=1.2908

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)
=(2138.271 / 13071.341) / (2787.025 / 14633.765)
=0.163585 / 0.190452
=0.8589

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 - (7647.766 + 9413.787) / 26907.015) / (1 - (4651.054 + 6537.95) / 12472.447)
=0.365907 / 0.102902
=3.5559

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
=14633.765 / 13071.341
=1.1195

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))
=(709.675 / (709.675 + 6537.95)) / (678.411 / (678.411 + 9413.787))
=0.097918 / 0.067221
=1.4567

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 / 14633.765) / (0 / 13071.341)
=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)
=((12830.526 + 9698.369) / 26907.015) / ((5094.135 + 3881.368) / 12472.447)
=0.837287 / 0.719626
=1.1635

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
=(621.621 - 0 - 905.369) / 26907.015
=-0.010546

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.

Aiai Group has a M-score of -1.20 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.20 mean?
Aiai Group (TSE:6557) has a Beneish M-Score of -1.20 as of Jul. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Aiai Group and its competitors. According to the industry distribution chart, Aiai Group ranks #573 out of 631 companies in the Healthcare Providers & Services industry, placing it in the top 90.8%.
Is Aiai Group's Beneish M-Score too high?
Aiai Group's current Beneish M-Score is -1.20. Based on the distribution chart, Aiai Group ranks #573 out of 631 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Aiai Group has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aiai Group's Beneish M-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Aiai Group ranks #573 out of 631 companies for Beneish M-Score. This places Aiai Group 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 Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & Services 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 Aiai Group and its competitors. Aiai Group's current Beneish M-Score is -1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aiai Group stock overvalued right now?
Based on GuruFocus' analysis, Aiai Group (TSE:6557) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,427.42, compared to a current price of 円664.00 — trading 53.5% below its estimated fair value. The current Beneish M-Score is -1.20. Aiai Group's overall GF Score™ is 53/100 with 6 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 Aiai Group (TSE:6557), the current Beneish M-Score is -1.20 as of Jul. 11, 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 Aiai Group (TSE:6557) Overvalued in 2026?

Based on GuruFocus' analysis, Aiai Group stock appears to be undervalued. The current stock price of 円664.00 is trading 53.5% below its estimated GF Value™ of 円1,427.42. GuruFocus considers Aiai Group to be Possible Value Trap.

Key valuation signals for TSE:6557:

  • Beneish M-Score: -1.20
  • GF Value™: 円1,427.42 vs. price of 円664.00 (53.5% below fair value)
  • GF Score™: 53/100 with 6 warning signs

No single metric tells the full story. See the TSE:6557 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Aiai Group Business Description

Address No. 2 No. 1, Kinshi 1-chome Sumida-ku, Arkentral 16th Floor, Tokyo, JPN, 130-0013
Aiai Group Corp is engaged in solving population problems in Japan as social problems and through welfare projects. The company operates in the nursery business, nursing care business projects, and ICT business as a welfare support business.
53GF Score

Get the complete analysis for TSE:6557

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

円664.00
Price
円1,427.42
GF Value