Akita Bank (TSE:8343) Beneish M-Score: -2.50 (As of Jun. 27, 2026)


TSE:8343 Akita Bank Ltd TSE:8343
49 GF Score
Price 円6,800.00
GF Value 円2,815.58
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Akita Bank Beneish M-Score?

Akita Bank TSE:8343 +3.50% 49 Beneish M-Score is -2.50 as of Jun. 27, 2026. GuruFocus rates TSE:8343 with a GF Score™ of 49/100 and a GF Value™ of 円2,815.58 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,397 Banks companies, Akita Bank ranks better than 69.94% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.5 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:8343' s Beneish M-Score Range Over the Past 10 Years
Min: -3.35   Med: -2.52   Max: -1.86
Current: -2.5

During the past 13 years, the highest Beneish M-Score of Akita Bank was -1.86. The lowest was -3.35. And the median was -2.52.

TSE:8343
49GF Score
Akita Bank Ltd TSE:8343
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Akita Bank 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 Akita Bank 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+0.528 * 1+0.404 * 1.0003+0.892 * 1.0751+0.115 * 1.0234
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9671+4.679 * 0.019875-0.327 * 1.5746
=-2.50

* 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0 Mil.
Revenue was 円50,605 Mil.
Gross Profit was 円50,605 Mil.
Total Current Assets was 円0 Mil.
Total Assets was 円3,576,817 Mil.
Property, Plant and Equipment(Net PPE) was 円17,325 Mil.
Depreciation, Depletion and Amortization(DDA) was 円1,227 Mil.
Selling, General, & Admin. Expense(SGA) was 円21,900 Mil.
Total Current Liabilities was 円0 Mil.
Long-Term Debt & Capital Lease Obligation was 円142,234 Mil.
Net Income was 円7,692 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-63,397 Mil.
 Total Receivables was 円0 Mil.
Revenue was 円47,068 Mil.
Gross Profit was 円47,068 Mil.
Total Current Assets was 円0 Mil.
Total Assets was 円3,460,341 Mil.
Property, Plant and Equipment(Net PPE) was 円17,865 Mil.
Depreciation, Depletion and Amortization(DDA) was 円1,297 Mil.
Selling, General, & Admin. Expense(SGA) was 円21,062 Mil.
Total Current Liabilities was 円0 Mil.
Long-Term Debt & Capital Lease Obligation was 円87,388 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)
=(0 / 50605) / (0 / 47068)
=0 / 0
=1

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)
=(47068 / 47068) / (50605 / 50605)
=1 / 1
=1

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 - (0 + 17325) / 3576817) / (1 - (0 + 17865) / 3460341)
=0.995156 / 0.994837
=1.0003

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
=50605 / 47068
=1.0751

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))
=(1297 / (1297 + 17865)) / (1227 / (1227 + 17325))
=0.067686 / 0.066138
=1.0234

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)
=(21900 / 50605) / (21062 / 47068)
=0.432764 / 0.44748
=0.9671

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)
=((142234 + 0) / 3576817) / ((87388 + 0) / 3460341)
=0.039766 / 0.025254
=1.5746

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
=(7692 - 0 - -63397) / 3576817
=0.019875

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.

Akita Bank has a M-score of -2.50 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 -2.50 mean?
Akita Bank (TSE:8343) has a Beneish M-Score of -2.50 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Akita Bank and its competitors. According to the industry distribution chart, Akita Bank ranks #420 out of 1397 companies in the Banks industry, placing it in the top 30.1%.
Is Akita Bank's Beneish M-Score too high?
Akita Bank's current Beneish M-Score is -2.50. Based on the distribution chart, Akita Bank ranks #420 out of 1397 companies in the Banks industry, which is above the industry midpoint. Overall, Akita Bank has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Akita Bank's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, Akita Bank ranks #420 out of 1397 companies for Beneish M-Score. This puts Akita Bank 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Akita Bank and its competitors. Akita Bank's current Beneish M-Score is -2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Akita Bank stock overvalued right now?
Based on GuruFocus' analysis, Akita Bank (TSE:8343) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,815.58, compared to a current price of 円6,800.00 — trading 141.5% above its estimated fair value. The current Beneish M-Score is -2.50. Akita Bank's overall GF Score™ is 49/100 with 5 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 Akita Bank (TSE:8343), the current Beneish M-Score is -2.50 as of Jun. 27, 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 Akita Bank (TSE:8343) Overvalued in 2026?

Based on GuruFocus' analysis, Akita Bank stock appears to be overvalued. The current stock price of 円6,800.00 is trading 141.5% above its estimated GF Value™ of 円2,815.58. GuruFocus considers Akita Bank to be Significantly Overvalued.

Key valuation signals for TSE:8343:

  • Beneish M-Score: -2.50
  • GF Value™: 円2,815.58 vs. price of 円6,800.00 (141.5% above fair value)
  • GF Score™: 49/100 with 5 warning signs

No single metric tells the full story. See the TSE:8343 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Akita Bank Business Description

Address 2-1 Sanno 3-Chome, Akita, JPN, 010-8655
Akita Bank Ltd is the banking subsidiary of the Akita Bank Group, which is composed of a Japanese regional bank and five consolidated subsidiaries operating primarily in the Akita Prefecture. The bank's strategy emphasizes regional market penetration to drive profitability. The group offers various financial services, principally banking. In addition, it offers leasing, consulting, guarantee services, and credit card services. Just over half of its earning assets are in loans and bills discounted, followed in size by securities. Most of the group's income is generated through net interest income, followed by fees and commissions.
49GF Score

Get the complete analysis for TSE:8343

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

円6,800.00
Price
円2,815.58
GF Value