CCI Group (TSE:7381) Beneish M-Score: -1.41 (As of Jun. 26, 2026)


TSE:7381 CCI Group Inc TSE:7381
46 GF Score
Price 円978.00
GF Value 円1,087.89
Valuation Modestly Undervalued
! 5 Warning Signs
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What is CCI Group Beneish M-Score?

CCI Group TSE:7381 +2.95% 46 Beneish M-Score is -1.41 as of Jun. 26, 2026. GuruFocus rates TSE:7381 with a GF Score™ of 46/100 and a GF Value™ of 円1,087.89 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,397 Banks companies, CCI Group ranks worse than 96.49% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -1.41 higher than -1.78, which implies that the company might have manipulated its financial results.

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

TSE:7381' s Beneish M-Score Range Over the Past 10 Years
Min: -2.94   Med: -2.5   Max: -1.41
Current: -1.41

During the past 5 years, the highest Beneish M-Score of CCI Group was -1.41. The lowest was -2.94. And the median was -2.50.

TSE:7381
46GF Score
CCI Group Inc TSE:7381
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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CCI 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 CCI 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+0.528 * 1+0.404 * 0.9994+0.892 * 1.9109+0.115 * 0.7949
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6227+4.679 * 0.041065-0.327 * 0.9205
=-1.41

* 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0 Mil.
Revenue was 円144,869 Mil.
Gross Profit was 円144,869 Mil.
Total Current Assets was 円0 Mil.
Total Assets was 円6,536,786 Mil.
Property, Plant and Equipment(Net PPE) was 円49,794 Mil.
Depreciation, Depletion and Amortization(DDA) was 円6,448 Mil.
Selling, General, & Admin. Expense(SGA) was 円40,781 Mil.
Total Current Liabilities was 円0 Mil.
Long-Term Debt & Capital Lease Obligation was 円551,537 Mil.
Net Income was 円12,632 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-255,798 Mil.
 Total Receivables was 円0 Mil.
Revenue was 円75,813 Mil.
Gross Profit was 円75,813 Mil.
Total Current Assets was 円0 Mil.
Total Assets was 円6,393,070 Mil.
Property, Plant and Equipment(Net PPE) was 円45,089 Mil.
Depreciation, Depletion and Amortization(DDA) was 円4,521 Mil.
Selling, General, & Admin. Expense(SGA) was 円34,274 Mil.
Total Current Liabilities was 円0 Mil.
Long-Term Debt & Capital Lease Obligation was 円585,990 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)
=(0 / 144869) / (0 / 75813)
=0 / 0
=1

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)
=(75813 / 75813) / (144869 / 144869)
=1 / 1
=1

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 - (0 + 49794) / 6536786) / (1 - (0 + 45089) / 6393070)
=0.992382 / 0.992947
=0.9994

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
=144869 / 75813
=1.9109

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))
=(4521 / (4521 + 45089)) / (6448 / (6448 + 49794))
=0.091131 / 0.114647
=0.7949

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)
=(40781 / 144869) / (34274 / 75813)
=0.281503 / 0.452086
=0.6227

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)
=((551537 + 0) / 6536786) / ((585990 + 0) / 6393070)
=0.084374 / 0.09166
=0.9205

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
=(12632 - 0 - -255798) / 6536786
=0.041065

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.

CCI Group has a M-score of -1.41 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 -1.41 mean?
CCI Group (TSE:7381) has a Beneish M-Score of -1.41 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CCI Group and its competitors. According to the industry distribution chart, CCI Group ranks #1348 out of 1397 companies in the Banks industry, placing it in the top 96.5%.
Is CCI Group's Beneish M-Score too high?
CCI Group's current Beneish M-Score is -1.41. Based on the distribution chart, CCI Group ranks #1348 out of 1397 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, CCI Group has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CCI Group's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, CCI Group ranks #1348 out of 1397 companies for Beneish M-Score. This places CCI 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 Banks company?
A good Beneish M-Score depends on the Banks 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 CCI Group and its competitors. CCI Group's current Beneish M-Score is -1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CCI Group stock overvalued right now?
Based on GuruFocus' analysis, CCI Group (TSE:7381) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,087.89, compared to a current price of 円978.00 — trading 10.1% below its estimated fair value. The current Beneish M-Score is -1.41. CCI Group's overall GF Score™ is 46/100 with 5 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 CCI Group (TSE:7381), the current Beneish M-Score is -1.41 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.

Is CCI Group (TSE:7381) Overvalued in 2026?

Based on GuruFocus' analysis, CCI Group stock appears to be undervalued. The current stock price of 円978.00 is trading 10.1% below its estimated GF Value™ of 円1,087.89. GuruFocus considers CCI Group to be Modestly Undervalued.

Key valuation signals for TSE:7381:

  • Beneish M-Score: -1.41
  • GF Value™: 円1,087.89 vs. price of 円978.00 (10.1% below fair value)
  • GF Score™: 46/100 with 5 warning signs

No single metric tells the full story. See the TSE:7381 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CCI Group Business Description

Address 2-12-6 Hirooka, Ishikawa Prefecture, Kanazawa, JPN, 920-8670
CCI Group Inc is engaged in the business management of banks and other companies.
46GF Score

Get the complete analysis for TSE:7381

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

円978.00
Price
円1,087.89
GF Value