Poplar Co (TSE:7601) Beneish M-Score: -2.89 (As of Jul. 05, 2026)


TSE:7601 Poplar Co Ltd TSE:7601
55 GF Score
Price 円165.00
GF Value 円193.85
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Poplar Co Beneish M-Score?

Poplar Co TSE:7601 +0.61% 55 Beneish M-Score is -2.89 as of Jul. 05, 2026. GuruFocus rates TSE:7601 with a GF Score™ of 55/100 and a GF Value™ of 円193.85 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,082 Retail - Cyclical companies, Poplar Co ranks better than 72.46% 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 -2.89 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:7601' s Beneish M-Score Range Over the Past 10 Years
Min: -4   Med: -2.51   Max: -1.15
Current: -2.89

During the past 13 years, the highest Beneish M-Score of Poplar Co was -1.15. The lowest was -4.00. And the median was -2.51.


Poplar Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Poplar 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.

Poplar Co Beneish M-Score Chart

Poplar Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.15 -1.73 -1.68 -2.61 -2.89

Poplar Co Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 -1.68 0.00 -2.61 0.00 -2.89

TSE:7601 vs DDS, M: Beneish M-Score Comparison

For the Department Stores subindustry, Poplar 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.


Poplar Co Beneish M-Score vs Retail - Cyclical Industry

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

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


TSE:7601
55GF Score
Poplar Co Ltd TSE:7601
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Poplar Co 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 Poplar 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 * 1.1081+0.528 * 0.9841+0.404 * 0.9249+0.892 * 0.9689+0.115 * 0.9315
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0614+4.679 * -0.089323-0.327 * 1.0183
=-2.89

* 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 (Feb26) TTM:Last Year (Feb25) TTM:
Total Receivables was 円480 Mil.
Revenue was 円11,654 Mil.
Gross Profit was 円5,359 Mil.
Total Current Assets was 円1,805 Mil.
Total Assets was 円3,954 Mil.
Property, Plant and Equipment(Net PPE) was 円1,982 Mil.
Depreciation, Depletion and Amortization(DDA) was 円64 Mil.
Selling, General, & Admin. Expense(SGA) was 円1,637 Mil.
Total Current Liabilities was 円1,728 Mil.
Long-Term Debt & Capital Lease Obligation was 円231 Mil.
Net Income was 円135 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円488 Mil.
Total Receivables was 円447 Mil.
Revenue was 円12,028 Mil.
Gross Profit was 円5,443 Mil.
Total Current Assets was 円1,741 Mil.
Total Assets was 円3,780 Mil.
Property, Plant and Equipment(Net PPE) was 円1,866 Mil.
Depreciation, Depletion and Amortization(DDA) was 円56 Mil.
Selling, General, & Admin. Expense(SGA) was 円1,592 Mil.
Total Current Liabilities was 円1,624 Mil.
Long-Term Debt & Capital Lease Obligation was 円215 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)
=(479.892 / 11654.046) / (446.969 / 12028.05)
=0.041178 / 0.037161
=1.1081

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)
=(5443.241 / 12028.05) / (5359.192 / 11654.046)
=0.452546 / 0.459857
=0.9841

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 - (1804.608 + 1982.157) / 3953.928) / (1 - (1741.232 + 1866.218) / 3780.248)
=0.042278 / 0.045711
=0.9249

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
=11654.046 / 12028.05
=0.9689

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))
=(55.883 / (55.883 + 1866.218)) / (63.863 / (63.863 + 1982.157))
=0.029074 / 0.031213
=0.9315

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)
=(1637.306 / 11654.046) / (1592.163 / 12028.05)
=0.140492 / 0.132371
=1.0614

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)
=((231.052 + 1727.943) / 3953.928) / ((215.013 + 1624.304) / 3780.248)
=0.495455 / 0.48656
=1.0183

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
=(134.666 - 0 - 487.843) / 3953.928
=-0.089323

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.

Poplar Co has a M-score of -2.89 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 -2.89 mean?
Poplar Co (TSE:7601) has a Beneish M-Score of -2.89 as of Jul. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Poplar Co and its competitors. According to the industry distribution chart, Poplar Co ranks #298 out of 1082 companies in the Retail - Cyclical industry, placing it in the top 27.5%.
Is Poplar Co's Beneish M-Score too high?
Poplar Co's current Beneish M-Score is -2.89. Based on the distribution chart, Poplar Co ranks #298 out of 1082 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Poplar Co has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Poplar Co's Beneish M-Score compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Poplar Co ranks #298 out of 1082 companies for Beneish M-Score. This puts Poplar Co in the upper 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 Poplar Co and its competitors. Poplar Co's current Beneish M-Score is -2.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Poplar Co stock overvalued right now?
Based on GuruFocus' analysis, Poplar Co (TSE:7601) is currently considered Modestly Undervalued. The stock's GF Value™ is 円193.85, compared to a current price of 円165.00 — trading 14.9% below its estimated fair value. The current Beneish M-Score is -2.89. Poplar Co's overall GF Score™ is 55/100 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 Poplar Co (TSE:7601), the current Beneish M-Score is -2.89 as of Jul. 05, 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 Poplar Co (TSE:7601) Overvalued in 2026?

Based on GuruFocus' analysis, Poplar Co stock appears to be undervalued. The current stock price of 円165.00 is trading 14.9% below its estimated GF Value™ of 円193.85. GuruFocus considers Poplar Co to be Modestly Undervalued.

Key valuation signals for TSE:7601:

  • Beneish M-Score: -2.89
  • GF Value™: 円193.85 vs. price of 円165.00 (14.9% below fair value)
  • GF Score™: 55/100 with 2 warning signs

No single metric tells the full story. See the TSE:7601 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Poplar Co Business Description

Address 665-1 Kuji Asa-cho Asa-Kitaku, Hiroshima, JPN, 731-3395
Poplar Co Ltd is a Japna based company operating convenience stores. Through the Convenience Store segment it operates market-based and community-based convenience stores under the names POPLAR, SEIKATSU SAIKA, Kurashi House and Three Eight, which sell fast food, processed food, perishable food, and others. The Company is also involved in food manufacture and wholesale business, the drug store operation business, the insurance agency business, as well as real estate management business.
55GF Score

Get the complete analysis for TSE:7601

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

円165.00
Price
円193.85
GF Value