Foodison (TSE:7114) Beneish M-Score: -2.23 (As of Jun. 27, 2026)


TSE:7114 Foodison Inc TSE:7114
71 GF Score
Price 円698.00
GF Value 円1,524.52
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Foodison Beneish M-Score?

Foodison TSE:7114 +0.29% 71 Beneish M-Score is -2.23 as of Jun. 27, 2026. GuruFocus rates TSE:7114 with a GF Score™ of 71/100 and a GF Value™ of 円1,524.52 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 293 Retail - Defensive companies, Foodison ranks worse than 76.79% 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 -2.23 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:7114' s Beneish M-Score Range Over the Past 10 Years
Min: -2.58   Med: -2.22   Max: -2.06
Current: -2.23

During the past 6 years, the highest Beneish M-Score of Foodison was -2.06. The lowest was -2.58. And the median was -2.22.

Foodison Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Foodison'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.

Foodison Beneish M-Score Chart

Foodison Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial 0.00 -2.58 -2.06 -2.21 -2.23

Foodison Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.06 0.00 -2.21 0.00 -2.23

TSE:7114 vs SYY, USFD, PFGC: Beneish M-Score Comparison

For the Food Distribution subindustry, Foodison'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.

Foodison Beneish M-Score vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Foodison's Beneish M-Score distribution charts can be found below:

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


TSE:7114
71GF Score
Foodison Inc TSE:7114
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Foodison 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 Foodison 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 * 1.0065+0.528 * 1.0445+0.404 * 1.1421+0.892 * 1.1389+0.115 * 0.8284
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.013198-0.327 * 1.0025
=-2.23

* 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720 Mil.
Revenue was 円7,820 Mil.
Gross Profit was 円2,675 Mil.
Total Current Assets was 円2,992 Mil.
Total Assets was 円3,311 Mil.
Property, Plant and Equipment(Net PPE) was 円200 Mil.
Depreciation, Depletion and Amortization(DDA) was 円29 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円690 Mil.
Long-Term Debt & Capital Lease Obligation was 円118 Mil.
Net Income was 円147 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円103 Mil.
 Total Receivables was 円628 Mil.
Revenue was 円6,866 Mil.
Gross Profit was 円2,453 Mil.
Total Current Assets was 円2,893 Mil.
Total Assets was 円3,218 Mil.
Property, Plant and Equipment(Net PPE) was 円223 Mil.
Depreciation, Depletion and Amortization(DDA) was 円27 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円623 Mil.
Long-Term Debt & Capital Lease Obligation was 円160 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)
=(719.874 / 7820.013) / (628.025 / 6866.324)
=0.092055 / 0.091465
=1.0065

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)
=(2452.789 / 6866.324) / (2674.561 / 7820.013)
=0.35722 / 0.342015
=1.0445

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 - (2992.073 + 200.002) / 3311.364) / (1 - (2893.11 + 223.021) / 3217.623)
=0.036024 / 0.031543
=1.1421

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
=7820.013 / 6866.324
=1.1389

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))
=(26.511 / (26.511 + 223.021)) / (29.424 / (29.424 + 200.002))
=0.106243 / 0.128251
=0.8284

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 / 7820.013) / (0 / 6866.324)
=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)
=((118.335 + 689.579) / 3311.364) / ((160.248 + 622.838) / 3217.623)
=0.243982 / 0.243374
=1.0025

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
=(146.78 - 0 - 103.076) / 3311.364
=0.013198

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.

Foodison has a M-score of -2.23 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 -2.23 mean?
Foodison (TSE:7114) has a Beneish M-Score of -2.23 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Foodison and its competitors. According to the industry distribution chart, Foodison ranks #225 out of 293 companies in the Retail - Defensive industry, placing it in the top 76.8%.
Is Foodison's Beneish M-Score too high?
Foodison's current Beneish M-Score is -2.23. Based on the distribution chart, Foodison ranks #225 out of 293 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Foodison has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Foodison's Beneish M-Score compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Foodison ranks #225 out of 293 companies for Beneish M-Score. This places Foodison 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 Retail - Defensive company?
A good Beneish M-Score depends on the Retail - Defensive 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 Foodison and its competitors. Foodison's current Beneish M-Score is -2.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Foodison stock overvalued right now?
Based on GuruFocus' analysis, Foodison (TSE:7114) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,524.52, compared to a current price of 円698.00 — trading 54.2% below its estimated fair value. The current Beneish M-Score is -2.23. Foodison's overall GF Score™ is 71/100 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 Foodison (TSE:7114), the current Beneish M-Score is -2.23 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 Foodison (TSE:7114) Overvalued in 2026?

Based on GuruFocus' analysis, Foodison stock appears to be undervalued. The current stock price of 円698.00 is trading 54.2% below its estimated GF Value™ of 円1,524.52. GuruFocus considers Foodison to be Significantly Undervalued.

Key valuation signals for TSE:7114:

  • Beneish M-Score: -2.23
  • GF Value™: 円1,524.52 vs. price of 円698.00 (54.2% below fair value)
  • GF Score™: 71/100 with 2 warning signs

No single metric tells the full story. See the TSE:7114 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Foodison Business Description

Address 3-3-7 Kachidoki, 5th Floor, Kenmedia Building, Chuo-ku, Tokyo, JPN, 104-0054
Foodison Inc is engaged in the operation of UoPochi, an e-commerce food service for restaurants, management of Sakana Bacca, a fresh fish select shop for individuals. and management of the Food Human Resources Bank, a recruitment service for food businesses. The group operates in a single segment, the fresh food distribution platform business.
71GF Score

Get the complete analysis for TSE:7114

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

円698.00
Price
円1,524.52
GF Value