Senkon Logistics Co (TSE:9051) Beneish M-Score: -2.53 (As of Jun. 27, 2026)


TSE:9051 Senkon Logistics Co Ltd TSE:9051
65 GF Score
Price 円1,330.00
GF Value 円1,049.62
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Senkon Logistics Co Beneish M-Score?

Senkon Logistics Co TSE:9051 +3.50% 65 Beneish M-Score is -2.53 as of Jun. 27, 2026. GuruFocus rates TSE:9051 with a GF Score™ of 65/100 and a GF Value™ of 円1,049.62 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 966 Transportation companies, Senkon Logistics Co ranks worse than 55.38% 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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:9051' s Beneish M-Score Range Over the Past 10 Years
Min: -2.82   Med: -2.66   Max: -2.45
Current: -2.53

During the past 13 years, the highest Beneish M-Score of Senkon Logistics Co was -2.45. The lowest was -2.82. And the median was -2.66.

Senkon Logistics Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Senkon Logistics 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.

Senkon Logistics Co Beneish M-Score Chart

Senkon Logistics 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 -2.67 -2.61 -2.45 -2.82 -2.53

Senkon Logistics 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 -2.45 0.00 -2.82 0.00 -2.53

TSE:9051 vs FDX, UPS, JBHT: Beneish M-Score Comparison

For the Integrated Freight & Logistics subindustry, Senkon Logistics 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.

Senkon Logistics Co Beneish M-Score vs Transportation Industry

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

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


TSE:9051
65GF Score
Senkon Logistics Co Ltd TSE:9051
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Senkon Logistics 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 Senkon Logistics 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 * 0.8597+0.528 * 1.0868+0.404 * 1.0677+0.892 * 1.0581+0.115 * 0.9895
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.012157-0.327 * 0.9661
=-2.53

* 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1,575 Mil.
Revenue was 円19,919 Mil.
Gross Profit was 円3,489 Mil.
Total Current Assets was 円6,049 Mil.
Total Assets was 円18,632 Mil.
Property, Plant and Equipment(Net PPE) was 円10,318 Mil.
Depreciation, Depletion and Amortization(DDA) was 円729 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円7,048 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,527 Mil.
Net Income was 円167 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円394 Mil.
 Total Receivables was 円1,731 Mil.
Revenue was 円18,825 Mil.
Gross Profit was 円3,584 Mil.
Total Current Assets was 円6,394 Mil.
Total Assets was 円18,837 Mil.
Property, Plant and Equipment(Net PPE) was 円10,299 Mil.
Depreciation, Depletion and Amortization(DDA) was 円719 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円7,494 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,619 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)
=(1574.768 / 19919.026) / (1731.113 / 18824.835)
=0.079058 / 0.091959
=0.8597

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)
=(3583.898 / 18824.835) / (3489.208 / 19919.026)
=0.190381 / 0.17517
=1.0868

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 - (6049.192 + 10318.418) / 18631.793) / (1 - (6394.2 + 10298.535) / 18836.671)
=0.121523 / 0.113817
=1.0677

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
=19919.026 / 18824.835
=1.0581

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))
=(719.264 / (719.264 + 10298.535)) / (728.857 / (728.857 + 10318.418))
=0.065282 / 0.065976
=0.9895

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 / 19919.026) / (0 / 18824.835)
=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)
=((4527.188 + 7048.438) / 18631.793) / ((4618.935 + 7494.433) / 18836.671)
=0.621284 / 0.643074
=0.9661

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
=(167.333 - 0 - 393.835) / 18631.793
=-0.012157

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.

Senkon Logistics Co has a M-score of -2.53 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 -2.53 mean?
Senkon Logistics Co (TSE:9051) has a Beneish M-Score of -2.53 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Senkon Logistics Co and its competitors. According to the industry distribution chart, Senkon Logistics Co ranks #535 out of 966 companies in the Transportation industry, placing it in the top 55.4%.
Is Senkon Logistics Co's Beneish M-Score too high?
Senkon Logistics Co's current Beneish M-Score is -2.53. Based on the distribution chart, Senkon Logistics Co ranks #535 out of 966 companies in the Transportation industry, which is below the industry midpoint. Overall, Senkon Logistics Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Senkon Logistics Co's Beneish M-Score compare to FDX and UPS?
According to the Transportation industry distribution chart, Senkon Logistics Co ranks #535 out of 966 companies for Beneish M-Score. This places Senkon Logistics 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Senkon Logistics Co and its competitors. Senkon Logistics Co's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Senkon Logistics Co stock overvalued right now?
Based on GuruFocus' analysis, Senkon Logistics Co (TSE:9051) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,049.62, compared to a current price of 円1,330.00 — trading 26.7% above its estimated fair value. The current Beneish M-Score is -2.53. Senkon Logistics Co's overall GF Score™ is 65/100 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 Senkon Logistics Co (TSE:9051), the current Beneish M-Score is -2.53 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 Senkon Logistics Co (TSE:9051) Overvalued in 2026?

Based on GuruFocus' analysis, Senkon Logistics Co stock appears to be overvalued. The current stock price of 円1,330.00 is trading 26.7% above its estimated GF Value™ of 円1,049.62. GuruFocus considers Senkon Logistics Co to be Modestly Overvalued.

Key valuation signals for TSE:9051:

  • Beneish M-Score: -2.53
  • GF Value™: 円1,049.62 vs. price of 円1,330.00 (26.7% above fair value)
  • GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the TSE:9051 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Senkon Logistics Co Business Description

Address 2-1-2 NMF Sendai Aoba Street, Building 8th floor, Aoba-ku Ichibancho, Miyagi Prefecture, Sendai, JPN
Senkon Logistics Co Ltd is a Japan based company engaged in providing logistics services. It offers transportation services for precision equipment, vehicles, engineering equipment as well as industrial waste collection. The company is also engaged in the collection, sale and purchase of radioactive contaminant removal work and removal equipment. The other businesses in which the company is involved are real estate leasing business, import and export of agricultural and fishery products, Sales and rental of specified maintenance management medical equipment and advanced management medical equipment and others.
65GF Score

Get the complete analysis for TSE:9051

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

円1,330.00
Price
円1,049.62
GF Value