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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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Nishimatsuya Chain Co's Beneish M-Score or its related term are showing as below:
TSE:7545'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.94 Med: -2.43 Max: -1.87
Current: -2.53
During the past 13 years, the highest Beneish M-Score of Nishimatsuya Chain Co was -1.87. The lowest was -2.94. And the median was -2.43.
Nishimatsuya Chain Co Beneish M-Score Related Terms
Nishimatsuya Chain Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Nishimatsuya Chain 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.
TSE:7545 vs CASY, WSM, DKS: Beneish M-Score Comparison
For the Specialty Retail subindustry, Nishimatsuya Chain 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.
Nishimatsuya Chain Co Beneish M-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Nishimatsuya Chain Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Nishimatsuya Chain 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 Nishimatsuya Chain 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 * 0.9669
+
0.528 * 1.0286
+
0.404 * 1.0884
+
0.892 * 1.0397
+
0.115 * 0.9357
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.023207
-
0.327 * 0.9809
=
-2.53
* 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))
=
(1491 / (1491 + 22509))
/
(1715 / (1715 + 24116))
=
0.062125
/
0.066393
=
0.9357
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
=
(6847 - 0
-
10566)
/
160251
=
-0.023207
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.
Nishimatsuya Chain Co has a M-score of -2.53 suggests that the company is unlikely to be a manipulator.
Nishimatsuya Chain Co (TSE:7545) has a Beneish M-Score of -2.53 as of Jul. 18, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nishimatsuya Chain Co and its competitors. According to the industry distribution chart, Nishimatsuya Chain Co ranks #588 out of 1083 companies in the Retail - Cyclical industry, placing it in the top 54.3%.
Is Nishimatsuya Chain Co's Beneish M-Score too high?
Nishimatsuya Chain Co's current Beneish M-Score is -2.53. Based on the distribution chart, Nishimatsuya Chain Co ranks #588 out of 1083 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Nishimatsuya Chain Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nishimatsuya Chain Co's Beneish M-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Nishimatsuya Chain Co ranks #588 out of 1083 companies for Beneish M-Score. This places Nishimatsuya Chain 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 a Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Nishimatsuya Chain Co and its competitors. Nishimatsuya Chain Co's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nishimatsuya Chain Co stock overvalued right now?
Based on GuruFocus' analysis, Nishimatsuya Chain Co (TSE:7545) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,328.72, compared to a current price of 円2,019.00 — trading 13.3% below its estimated fair value. The current Beneish M-Score is -2.53. Nishimatsuya Chain Co's overall GF Score™ is 71/100 with 4 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 Nishimatsuya Chain Co (TSE:7545), the current Beneish M-Score is -2.53 as of Jul. 18, 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 Nishimatsuya Chain Co (TSE:7545) Overvalued in 2026?
Based on GuruFocus' analysis, Nishimatsuya Chain Co stock appears to be undervalued.
The current stock price of 円2,019.00 is trading 13.3% below its estimated GF Value™ of 円2,328.72.
GuruFocus considers Nishimatsuya Chain Co to be Modestly Undervalued.
Key valuation signals for TSE:7545:
Beneish M-Score: -2.53
GF Value™: 円2,328.72 vs. price of 円2,019.00 (13.3% below fair value)
No single metric tells the full story. See the TSE:7545 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nishimatsuya Chain Co Ltd is a Japanese retailer that sells clothing and other goods for children and babies. The company also manufactures items for its private-label brand. Apparel includes outerwear, underwear, pajamas, hats, shoes, and maternity clothing. Other products include hygiene products, toys, strollers, high chairs, and bedroom items. Nishimatsuya has nearly 1,000 stores throughout Japan, in Kanto, Chubu, Kinki, Tohoku, Kyushu, Hokkaido, Hokuriku, and Chugoku. The company also has a substantial e-commerce business.
71GF Score
Get the complete analysis for TSE:7545
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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