Sanshin Electronics Co (TSE:8150) Beneish M-Score: -2.32 (As of Jun. 26, 2026)

What is Sanshin Electronics Co Beneish M-Score?

Sanshin Electronics Co TSE:8150 -0.40% 83 Beneish M-Score is -2.32 as of Jun. 26, 2026. GuruFocus rates TSE:8150 with a GF Score™ of 83/100 and a GF Value™ of 円2,534.59 (Fairly Valued). Among 987 Semiconductors companies, Sanshin Electronics Co ranks worse than 56.43% 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 -2.32 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:8150' s Beneish M-Score Range Over the Past 10 Years
Min: -3.53 Med: -2.42 Max: -2.03
Current: -2.32

During the past 13 years, the highest Beneish M-Score of Sanshin Electronics Co was -2.03. The lowest was -3.53. And the median was -2.42.

Sanshin Electronics Co Beneish M-Score Related Terms

Sanshin Electronics Co Beneish M-Score Historical Data

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The historical data trend for Sanshin Electronics 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.

Sanshin Electronics Co Beneish M-Score Chart

Sanshin Electronics Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-2.50

-2.17

-2.68

-2.28

-2.32

Sanshin Electronics Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-2.28	0.00	0.00	0.00	-2.32

TSE:8150 vs NVDA, AVGO, MU: Beneish M-Score Comparison

For the Semiconductors subindustry, Sanshin Electronics 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.

Sanshin Electronics Co Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Sanshin Electronics Co's Beneish M-Score distribution charts can be found below:

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

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83GF Score

Sanshin Electronics Co Ltd TSE:8150

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Sanshin Electronics 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 Sanshin Electronics Co for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.0028

0.528 * 0.9832

0.404 * 1.2564

0.892 * 1.0955

0.115 * 0.996

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.008271

0.327 * 0.9521

-2.32

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was 円42,454 Mil.
Revenue was 円172,366 Mil.
Gross Profit was 円18,435 Mil.
Total Current Assets was 円80,619 Mil.
Total Assets was 円91,037 Mil.
Property, Plant and Equipment(Net PPE) was 円6,194 Mil.
Depreciation, Depletion and Amortization(DDA) was 円324 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円43,864 Mil.
Long-Term Debt & Capital Lease Obligation was 円316 Mil.
Net Income was 円4,952 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円5,705 Mil.

Total Receivables was 円38,645 Mil.
Revenue was 円157,342 Mil.
Gross Profit was 円16,546 Mil.
Total Current Assets was 円74,878 Mil.
Total Assets was 円84,049 Mil.
Property, Plant and Equipment(Net PPE) was 円6,067 Mil.
Depreciation, Depletion and Amortization(DDA) was 円316 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円42,768 Mil.
Long-Term Debt & Capital Lease Obligation was 円72 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)
	=	(42454 / 172366)	/	(38645 / 157342)
	=	0.246301	/	0.245611
	=	1.0028

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)
	=	(16546 / 157342)	/	(18435 / 172366)
	=	0.105159	/	0.106953
	=	0.9832

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 - (80619 + 6194) / 91037)	/	(1 - (74878 + 6067) / 84049)
	=	0.046399	/	0.036931
	=	1.2564

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
	=	172366	/	157342
	=	1.0955

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))
	=	(316 / (316 + 6067))	/	(324 / (324 + 6194))
	=	0.049507	/	0.049708
	=	0.996

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)
	=	(0 / 172366)	/	(0 / 157342)
	=	0	/	0
	=	1

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)
	=	((316 + 43864) / 91037)	/	((72 + 42768) / 84049)
	=	0.485297	/	0.509703
	=	0.9521

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
	=	(4952 - 0	-	5705)	/	91037
	=	-0.008271

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.

Sanshin Electronics Co has a M-score of -2.32 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 -2.32 mean?

Sanshin Electronics Co (TSE:8150) has a Beneish M-Score of -2.32 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sanshin Electronics Co and its competitors. According to the industry distribution chart, Sanshin Electronics Co ranks #557 out of 987 companies in the Semiconductors industry, placing it in the top 56.4%.

Is Sanshin Electronics Co's Beneish M-Score too high?

Sanshin Electronics Co's current Beneish M-Score is -2.32. Based on the distribution chart, Sanshin Electronics Co ranks #557 out of 987 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Sanshin Electronics Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Sanshin Electronics Co's Beneish M-Score compare to NVDA and AVGO?

According to the Semiconductors industry distribution chart, Sanshin Electronics Co ranks #557 out of 987 companies for Beneish M-Score. This places Sanshin Electronics 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 Semiconductors company?

A good Beneish M-Score depends on the Semiconductors 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 Sanshin Electronics Co and its competitors. Sanshin Electronics Co's current Beneish M-Score is -2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Sanshin Electronics Co stock overvalued right now?

Based on GuruFocus' analysis, Sanshin Electronics Co (TSE:8150) is currently considered Fairly Valued. The stock's GF Value™ is 円2,534.59, compared to a current price of 円2,719.00 — trading 7.3% above its estimated fair value. The current Beneish M-Score is -2.32. Sanshin Electronics Co's overall GF Score™ is 83/100. 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 Sanshin Electronics Co (TSE:8150), the current Beneish M-Score is -2.32 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 Sanshin Electronics Co (TSE:8150) Overvalued in 2026?

Based on GuruFocus' analysis, Sanshin Electronics Co stock appears to be overvalued. The current stock price of 円2,719.00 is trading 7.3% above its estimated GF Value™ of 円2,534.59. GuruFocus considers Sanshin Electronics Co to be Fairly Valued.

Key valuation signals for TSE:8150:

Beneish M-Score: -2.32
GF Value™: 円2,534.59 vs. price of 円2,719.00 (7.3% above fair value)
GF Score™: 83/100

No single metric tells the full story. See the TSE:8150 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sanshin Electronics Co Business Description

Industry Technology Semiconductors

Comparable Companies TSE:6625 TSE:6832 TSE:6616 TSE:6769 TSE:6730 TSE:3640 TSE:6338 TSE:7087 TSE:6614 TSE:8084 NVDA AVGO TPE:2330 XKRX:000660 MU AMD INTC TXN QCOM TSE:285A

Address 4-4-12 Shiba, Minato-ku, Tokyo, JPN, 108-8404

Website http://www.sanshin.co.jp

Sanshin Electronics Co Ltd is a Japanese based electronics trading company. It operates in two business divisions including device business and solution business. Its device business is engaged in the sales of semiconductors and electronic components for automobile, information and communications, toys and games, and social infrastructure and manufacturing industries. In solution business, it offers IT (information technology) infrastructure solution, application services, video solutions, support, and services. The company has a nationwide network in Japan, Thailand, Malaysia, Singapore, Taiwan, Hong Kong, Irvine, and Shenzhen.

83GF Score

Get the complete analysis for TSE:8150

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

円2,719.00

Price

円2,534.59

GF Value

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