Kyodo Printing Co (TSE:7914) Beneish M-Score: -2.60 (As of Jul. 14, 2026)

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TSE:7914 Kyodo Printing Co Ltd TSE:7914
79 GF Score
Price 円1,635.00
GF Value 円1,054.28
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Kyodo Printing Co Beneish M-Score?

Kyodo Printing Co TSE:7914 +0.43% 79 Beneish M-Score is -2.60 as of Jul. 14, 2026. GuruFocus rates TSE:7914 with a GF Score™ of 79/100 and a GF Value™ of 円1,054.28 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,020 Business Services companies, Kyodo Printing Co ranks better than 54.71% 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 -2.6 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:7914' s Beneish M-Score Range Over the Past 10 Years
Min: -3.32   Med: -2.61   Max: -2.35
Current: -2.6

During the past 13 years, the highest Beneish M-Score of Kyodo Printing Co was -2.35. The lowest was -3.32. And the median was -2.61.


Kyodo Printing Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Kyodo Printing 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.

Kyodo Printing Co Beneish M-Score Chart

Kyodo Printing Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.66 -3.32 -2.35 -2.68 -2.60

Kyodo Printing Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.35 0.00 -2.68 0.00 -2.60

TSE:7914 vs CTAS, CPRT, ULS: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Kyodo Printing 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.


Kyodo Printing Co Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Kyodo Printing Co's Beneish M-Score distribution charts can be found below:

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


TSE:7914
79GF Score
Kyodo Printing Co Ltd TSE:7914
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kyodo Printing 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 Kyodo Printing 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 * 0.9694+0.528 * 0.9465+0.404 * 1.0532+0.892 * 0.9823+0.115 * 0.9989
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0534+4.679 * -0.021236-0.327 * 0.8906
=-2.60

* 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25,641 Mil.
Revenue was 円98,205 Mil.
Gross Profit was 円20,894 Mil.
Total Current Assets was 円47,113 Mil.
Total Assets was 円123,801 Mil.
Property, Plant and Equipment(Net PPE) was 円53,518 Mil.
Depreciation, Depletion and Amortization(DDA) was 円5,795 Mil.
Selling, General, & Admin. Expense(SGA) was 円3,632 Mil.
Total Current Liabilities was 円29,672 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,080 Mil.
Net Income was 円3,960 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円6,589 Mil.
Total Receivables was 円26,927 Mil.
Revenue was 円99,977 Mil.
Gross Profit was 円20,132 Mil.
Total Current Assets was 円47,780 Mil.
Total Assets was 円126,168 Mil.
Property, Plant and Equipment(Net PPE) was 円55,968 Mil.
Depreciation, Depletion and Amortization(DDA) was 円6,053 Mil.
Selling, General, & Admin. Expense(SGA) was 円3,510 Mil.
Total Current Liabilities was 円26,262 Mil.
Long-Term Debt & Capital Lease Obligation was 円10,074 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)
=(25641 / 98205) / (26927 / 99977)
=0.261097 / 0.269332
=0.9694

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)
=(20132 / 99977) / (20894 / 98205)
=0.201366 / 0.212759
=0.9465

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 - (47113 + 53518) / 123801) / (1 - (47780 + 55968) / 126168)
=0.187155 / 0.1777
=1.0532

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
=98205 / 99977
=0.9823

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))
=(6053 / (6053 + 55968)) / (5795 / (5795 + 53518))
=0.097596 / 0.097702
=0.9989

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)
=(3632 / 98205) / (3510 / 99977)
=0.036984 / 0.035108
=1.0534

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)
=((2080 + 29672) / 123801) / ((10074 + 26262) / 126168)
=0.256476 / 0.287997
=0.8906

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
=(3960 - 0 - 6589) / 123801
=-0.021236

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.

Kyodo Printing Co has a M-score of -2.60 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 -2.60 mean?
Kyodo Printing Co (TSE:7914) has a Beneish M-Score of -2.60 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kyodo Printing Co and its competitors. According to the industry distribution chart, Kyodo Printing Co ranks #462 out of 1020 companies in the Business Services industry, placing it in the top 45.3%.
Is Kyodo Printing Co's Beneish M-Score too high?
Kyodo Printing Co's current Beneish M-Score is -2.60. Based on the distribution chart, Kyodo Printing Co ranks #462 out of 1020 companies in the Business Services industry, which is above the industry midpoint. Overall, Kyodo Printing Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kyodo Printing Co's Beneish M-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Kyodo Printing Co ranks #462 out of 1020 companies for Beneish M-Score. This puts Kyodo Printing 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Kyodo Printing Co and its competitors. Kyodo Printing Co's current Beneish M-Score is -2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyodo Printing Co stock overvalued right now?
Based on GuruFocus' analysis, Kyodo Printing Co (TSE:7914) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,054.28, compared to a current price of 円1,635.00 — trading 55.1% above its estimated fair value. The current Beneish M-Score is -2.60. Kyodo Printing Co's overall GF Score™ is 79/100 with 6 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 Kyodo Printing Co (TSE:7914), the current Beneish M-Score is -2.60 as of Jul. 14, 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 Kyodo Printing Co (TSE:7914) Overvalued in 2026?

Based on GuruFocus' analysis, Kyodo Printing Co stock appears to be overvalued. The current stock price of 円1,635.00 is trading 55.1% above its estimated GF Value™ of 円1,054.28. GuruFocus considers Kyodo Printing Co to be Significantly Overvalued.

Key valuation signals for TSE:7914:

  • Beneish M-Score: -2.60
  • GF Value™: 円1,054.28 vs. price of 円1,635.00 (55.1% above fair value)
  • GF Score™: 79/100 with 6 warning signs

No single metric tells the full story. See the TSE:7914 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kyodo Printing Co Business Description

Address 4-14-12 Koishikawa, Bunkyo-ku, Tokyo, JPN, 112-8501
Kyodo Printing Co Ltd is engaged in the business of printing-media-related services. The company is involved in editing and planning, processing, bookbinding, and logistics as well as paper media and multi-media publications. It offers various products which consist of posters, pamphlets, brochures, catalogs, information magazines, direct mail, calendars, public relation magazines, digital signage system, novelties, and other advertising materials. Additionally, the company also manufactures and sells tubes, active films and other pharmaceutical and industrial and construction materials.
79GF Score

Get the complete analysis for TSE:7914

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

円1,635.00
Price
円1,054.28
GF Value