Kyoritsu Co (TSE:7795) Beneish M-Score: -2.65 (As of Jul. 09, 2026)


TSE:7795 Kyoritsu Co Ltd TSE:7795
53 GF Score
Price 円205.00
GF Value 円187.82
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Kyoritsu Co Beneish M-Score?

Kyoritsu Co TSE:7795 53 Beneish M-Score is -2.65 as of Jul. 09, 2026. GuruFocus rates TSE:7795 with a GF Score™ of 53/100 and a GF Value™ of 円187.82 (Fairly Valued). The stock has 1 warning sign investors should review. Among 540 Conglomerates companies, Kyoritsu Co ranks better than 65.93% 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 -2.65 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:7795' s Beneish M-Score Range Over the Past 10 Years
Min: -3   Med: -2.65   Max: -2.13
Current: -2.65

During the past 9 years, the highest Beneish M-Score of Kyoritsu Co was -2.13. The lowest was -3.00. And the median was -2.65.

Kyoritsu Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Kyoritsu 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.

Kyoritsu Co Beneish M-Score Chart

Kyoritsu Co Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 -3.00 -2.13 -2.65

Kyoritsu Co Semi-Annual Data
Mar18 Mar19 Mar20 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 Premium Member Only Premium Member Only Premium Member Only -3.00 0.00 -2.13 0.00 -2.65

TSE:7795 vs HON, MMM: Beneish M-Score Comparison

For the Conglomerates subindustry, Kyoritsu 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.

Kyoritsu Co Beneish M-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kyoritsu Co's Beneish M-Score distribution charts can be found below:

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


TSE:7795
53GF Score
Kyoritsu Co Ltd TSE:7795
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kyoritsu 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 Kyoritsu 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 * 0.8805+0.528 * 0.9247+0.404 * 1.0728+0.892 * 1.0636+0.115 * 0.9846
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9435+4.679 * -0.026344-0.327 * 0.9744
=-2.65

* 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6,556 Mil.
Revenue was 円42,920 Mil.
Gross Profit was 円5,193 Mil.
Total Current Assets was 円18,095 Mil.
Total Assets was 円41,044 Mil.
Property, Plant and Equipment(Net PPE) was 円16,623 Mil.
Depreciation, Depletion and Amortization(DDA) was 円1,640 Mil.
Selling, General, & Admin. Expense(SGA) was 円646 Mil.
Total Current Liabilities was 円13,823 Mil.
Long-Term Debt & Capital Lease Obligation was 円8,446 Mil.
Net Income was 円1,174 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円2,255 Mil.
 Total Receivables was 円7,000 Mil.
Revenue was 円40,353 Mil.
Gross Profit was 円4,515 Mil.
Total Current Assets was 円19,330 Mil.
Total Assets was 円42,270 Mil.
Property, Plant and Equipment(Net PPE) was 円16,868 Mil.
Depreciation, Depletion and Amortization(DDA) was 円1,636 Mil.
Selling, General, & Admin. Expense(SGA) was 円644 Mil.
Total Current Liabilities was 円14,561 Mil.
Long-Term Debt & Capital Lease Obligation was 円8,976 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)
=(6555.664 / 42920.314) / (6999.822 / 40353.108)
=0.15274 / 0.173464
=0.8805

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)
=(4514.975 / 40353.108) / (5193.49 / 42920.314)
=0.111887 / 0.121003
=0.9247

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 - (18094.782 + 16623.463) / 41043.921) / (1 - (19329.971 + 16867.831) / 42270.139)
=0.15412 / 0.143655
=1.0728

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
=42920.314 / 40353.108
=1.0636

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))
=(1635.712 / (1635.712 + 16867.831)) / (1639.8 / (1639.8 + 16623.463))
=0.0884 / 0.089787
=0.9846

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)
=(645.896 / 42920.314) / (643.68 / 40353.108)
=0.015049 / 0.015951
=0.9435

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)
=((8446.401 + 13822.7) / 41043.921) / ((8975.837 + 14561.455) / 42270.139)
=0.542568 / 0.55683
=0.9744

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
=(1174.17 - 0 - 2255.418) / 41043.921
=-0.026344

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.

Kyoritsu Co has a M-score of -2.65 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 -2.65 mean?
Kyoritsu Co (TSE:7795) has a Beneish M-Score of -2.65 as of Jul. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kyoritsu Co and its competitors. According to the industry distribution chart, Kyoritsu Co ranks #184 out of 540 companies in the Conglomerates industry, placing it in the top 34.1%.
Is Kyoritsu Co's Beneish M-Score too high?
Kyoritsu Co's current Beneish M-Score is -2.65. Based on the distribution chart, Kyoritsu Co ranks #184 out of 540 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Kyoritsu Co has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kyoritsu Co's Beneish M-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Kyoritsu Co ranks #184 out of 540 companies for Beneish M-Score. This puts Kyoritsu 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 Conglomerates company?
A good Beneish M-Score depends on the Conglomerates 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 Kyoritsu Co and its competitors. Kyoritsu Co's current Beneish M-Score is -2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyoritsu Co stock overvalued right now?
Based on GuruFocus' analysis, Kyoritsu Co (TSE:7795) is currently considered Fairly Valued. The stock's GF Value™ is 円187.82, compared to a current price of 円205.00 — trading 9.1% above its estimated fair value. The current Beneish M-Score is -2.65. Kyoritsu Co's overall GF Score™ is 53/100 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 Kyoritsu Co (TSE:7795), the current Beneish M-Score is -2.65 as of Jul. 09, 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 Kyoritsu Co (TSE:7795) Overvalued in 2026?

Based on GuruFocus' analysis, Kyoritsu Co stock appears to be overvalued. The current stock price of 円205.00 is trading 9.1% above its estimated GF Value™ of 円187.82. GuruFocus considers Kyoritsu Co to be Fairly Valued.

Key valuation signals for TSE:7795:

  • Beneish M-Score: -2.65
  • GF Value™: 円187.82 vs. price of 円205.00 (9.1% above fair value)
  • GF Score™: 53/100 with 1 warning sign

No single metric tells the full story. See the TSE:7795 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Kyoritsu Co Business Description

Address 36-1 Shimizu-cho, Itabashi-ku, Tokyo, JPN, 174-8860
Kyoritsu Co Ltd is a Business formulation and management of group companies engaged in Information and Digital Business, Print media business, environmental business, and BPO business.
53GF Score

Get the complete analysis for TSE:7795

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

円205.00
Price
円187.82
GF Value