Nohmi Bosai (TSE:6744) Beneish M-Score: -2.37 (As of Jun. 27, 2026)

What is Nohmi Bosai Beneish M-Score?

Nohmi Bosai TSE:6744 -0.12% 90 Beneish M-Score is -2.37 as of Jun. 27, 2026. GuruFocus rates TSE:6744 with a GF Score™ of 90/100 and a GF Value™ of 円3,434.40 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,020 Business Services companies, Nohmi Bosai ranks worse than 64.51% 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 -2.37 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:6744' s Beneish M-Score Range Over the Past 10 Years
Min: -2.86 Med: -2.4 Max: -1.9
Current: -2.37

During the past 13 years, the highest Beneish M-Score of Nohmi Bosai was -1.90. The lowest was -2.86. And the median was -2.40.

Nohmi Bosai Beneish M-Score Related Terms

Nohmi Bosai Beneish M-Score Historical Data

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The historical data trend for Nohmi Bosai'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.

Nohmi Bosai Beneish M-Score Chart

Nohmi Bosai Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-2.07

-2.43

-2.19

-2.42

-2.37

Nohmi Bosai Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-2.42	0.00	0.00	0.00	-2.37

TSE:6744 vs ALLE, MSA, ADT: Beneish M-Score Comparison

For the Security & Protection Services subindustry, Nohmi Bosai'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.

Nohmi Bosai Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Nohmi Bosai's Beneish M-Score distribution charts can be found below:

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

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90GF Score

Nohmi Bosai Ltd TSE:6744

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Nohmi Bosai 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 Nohmi Bosai for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.0792

0.528 * 0.9275

0.404 * 1.2361

0.892 * 1.0446

0.115 * 1.2029

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.2113

4.679 * -0.004972

0.327 * 1.0691

-2.37

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was 円62,360 Mil.
Revenue was 円139,657 Mil.
Gross Profit was 円52,318 Mil.
Total Current Assets was 円117,172 Mil.
Total Assets was 円181,811 Mil.
Property, Plant and Equipment(Net PPE) was 円29,155 Mil.
Depreciation, Depletion and Amortization(DDA) was 円2,628 Mil.
Selling, General, & Admin. Expense(SGA) was 円3,229 Mil.
Total Current Liabilities was 円34,982 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Net Income was 円13,648 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円14,552 Mil.

Total Receivables was 円55,319 Mil.
Revenue was 円133,696 Mil.
Gross Profit was 円46,453 Mil.
Total Current Assets was 円117,150 Mil.
Total Assets was 円166,877 Mil.
Property, Plant and Equipment(Net PPE) was 円23,378 Mil.
Depreciation, Depletion and Amortization(DDA) was 円2,582 Mil.
Selling, General, & Admin. Expense(SGA) was 円2,552 Mil.
Total Current Liabilities was 円30,032 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)
	=	(62360 / 139657)	/	(55319 / 133696)
	=	0.446523	/	0.413767
	=	1.0792

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)
	=	(46453 / 133696)	/	(52318 / 139657)
	=	0.347452	/	0.374618
	=	0.9275

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 - (117172 + 29155) / 181811)	/	(1 - (117150 + 23378) / 166877)
	=	0.19517	/	0.157895
	=	1.2361

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
	=	139657	/	133696
	=	1.0446

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))
	=	(2582 / (2582 + 23378))	/	(2628 / (2628 + 29155))
	=	0.099461	/	0.082686
	=	1.2029

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)
	=	(3229 / 139657)	/	(2552 / 133696)
	=	0.023121	/	0.019088
	=	1.2113

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 + 34982) / 181811)	/	((0 + 30032) / 166877)
	=	0.192409	/	0.179965
	=	1.0691

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
	=	(13648 - 0	-	14552)	/	181811
	=	-0.004972

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.

Nohmi Bosai has a M-score of -2.37 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 -2.37 mean?

Nohmi Bosai (TSE:6744) has a Beneish M-Score of -2.37 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nohmi Bosai and its competitors. According to the industry distribution chart, Nohmi Bosai ranks #658 out of 1020 companies in the Business Services industry, placing it in the top 64.5%.

Is Nohmi Bosai's Beneish M-Score too high?

Nohmi Bosai's current Beneish M-Score is -2.37. Based on the distribution chart, Nohmi Bosai ranks #658 out of 1020 companies in the Business Services industry, which is below the industry midpoint. Overall, Nohmi Bosai has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Nohmi Bosai's Beneish M-Score compare to ALLE and MSA?

According to the Business Services industry distribution chart, Nohmi Bosai ranks #658 out of 1020 companies for Beneish M-Score. This places Nohmi Bosai 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 Business Services company?

A good Beneish M-Score depends on the Business 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 Nohmi Bosai and its competitors. Nohmi Bosai's current Beneish M-Score is -2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Nohmi Bosai stock overvalued right now?

Based on GuruFocus' analysis, Nohmi Bosai (TSE:6744) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,434.40, compared to a current price of 円4,130.00 — trading 20.3% above its estimated fair value. The current Beneish M-Score is -2.37. Nohmi Bosai's overall GF Score™ is 90/100 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 Nohmi Bosai (TSE:6744), the current Beneish M-Score is -2.37 as of Jun. 27, 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 Nohmi Bosai (TSE:6744) Overvalued in 2026?

Based on GuruFocus' analysis, Nohmi Bosai stock appears to be overvalued. The current stock price of 円4,130.00 is trading 20.3% above its estimated GF Value™ of 円3,434.40. GuruFocus considers Nohmi Bosai to be Modestly Overvalued.

Key valuation signals for TSE:6744:

Beneish M-Score: -2.37
GF Value™: 円3,434.40 vs. price of 円4,130.00 (20.3% above fair value)
GF Score™: 90/100 with 1 warning sign

No single metric tells the full story. See the TSE:6744 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nohmi Bosai Business Description

Industry Industrials Business Services

Comparable Companies TSE:7734 TSE:1909 TSE:6809 TSE:9740 TSE:2331 TSE:9686 TSE:6870 TSE:4264 TSE:4754 TSE:549A OSTO:ASSA B TSE:9735 ALLE OSTO:SECU B XTAE:NXSN SZSE:002236 MSA ADT BCO BRC

Address 4-7-3 Kudan-Minami, Chiyoda-ku, Tokyo, JPN, 102-8277

Website http://www.nohmi.co.jp

Nohmi Bosai Ltd manufactures fire alarm systems. The company offers fire alarm systems and fire extinguishing systems such as automatic fire alarm systems, environmental monitoring systems, fire doors and smoke control systems, sprinkler systems, foam systems, and fire protection equipment. Its products and solutions are used in homes and large commercial and industrial facilities, including office buildings, leisure complexes, industrial plants, factories, and road tunnels. The company also offers maintenance services including inspections and repairs, telephone support, and fire protection consulting services. Nohmi Bosai operates primarily in Japan.

90GF Score

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

円4,130.00

Price

円3,434.40

GF Value

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