Emimen Co (TSE:9237) Beneish M-Score: -1.26 (As of Jul. 05, 2026)


TSE:9237 Emimen Co Ltd TSE:9237
16 GF Score
Price 円788.00
! 1 Warning Sign
View Full Analysis

What is Emimen Co Beneish M-Score?

Emimen Co TSE:9237 +4.51% 16 Beneish M-Score is -1.26 as of Jul. 05, 2026. GuruFocus rates TSE:9237 with a GF Score™ of 16/100. The stock has 1 warning sign investors should review. Among 1,022 Business Services companies, Emimen Co ranks worse than 89.63% 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.

Warning Sign:

Beneish M-Score -1.26 higher than -1.78, which implies that the company might have manipulated its financial results.

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

TSE:9237' s Beneish M-Score Range Over the Past 10 Years
Min: -1.93   Med: -1.38   Max: -1.26
Current: -1.26

During the past 5 years, the highest Beneish M-Score of Emimen Co was -1.26. The lowest was -1.93. And the median was -1.38.

Emimen Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Emimen 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.

Emimen Co Beneish M-Score Chart

Emimen Co Annual Data
Trend Oct21 Oct22 Oct23 Oct24 Oct25
Beneish M-Score
0.00 0.00 -1.93 -1.38 -1.26

Emimen Co Quarterly Data
Oct21 Oct22 Jul23 Oct23 Jan24 Apr24 Oct24 Apr25 Jul25 Oct25 Apr26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -1.38 0.00 0.00 -1.26 0.00

TSE:9237 vs VRSK, EFX, BAH: Beneish M-Score Comparison

For the Consulting Services subindustry, Emimen 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.

Emimen Co Beneish M-Score vs Business Services Industry

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

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


TSE:9237
16GF Score
Emimen Co Ltd TSE:9237
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emimen 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 Emimen 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 * 0.8888+0.528 * 1+0.404 * 2.5213+0.892 * 1.4389+0.115 * 2.1436
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.009366-0.327 * 1.0945
=-1.26

* 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 (Oct25) TTM:Last Year (Oct24) TTM:
Total Receivables was 円290 Mil.
Revenue was 円1,873 Mil.
Gross Profit was 円1,873 Mil.
Total Current Assets was 円1,006 Mil.
Total Assets was 円1,378 Mil.
Property, Plant and Equipment(Net PPE) was 円73 Mil.
Depreciation, Depletion and Amortization(DDA) was 円9 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円430 Mil.
Long-Term Debt & Capital Lease Obligation was 円97 Mil.
Net Income was 円90 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円77 Mil.
 Total Receivables was 円227 Mil.
Revenue was 円1,302 Mil.
Gross Profit was 円1,302 Mil.
Total Current Assets was 円1,013 Mil.
Total Assets was 円1,129 Mil.
Property, Plant and Equipment(Net PPE) was 円18 Mil.
Depreciation, Depletion and Amortization(DDA) was 円5 Mil.
Selling, General, & Admin. Expense(SGA) was 円88 Mil.
Total Current Liabilities was 円304 Mil.
Long-Term Debt & Capital Lease Obligation was 円91 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)
=(289.899 / 1872.987) / (226.661 / 1301.645)
=0.154779 / 0.174134
=0.8888

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)
=(1301.645 / 1301.645) / (1872.987 / 1872.987)
=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 - (1006.461 + 72.856) / 1377.811) / (1 - (1013.228 + 18.392) / 1128.595)
=0.216644 / 0.085925
=2.5213

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
=1872.987 / 1301.645
=1.4389

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))
=(5.362 / (5.362 + 18.392)) / (8.575 / (8.575 + 72.856))
=0.22573 / 0.105304
=2.1436

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 / 1872.987) / (88.276 / 1301.645)
=0 / 0.067819
=0

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)
=((97.347 + 429.91) / 1377.811) / ((90.947 + 303.651) / 1128.595)
=0.382677 / 0.349636
=1.0945

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
=(89.67 - 0 - 76.765) / 1377.811
=0.009366

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.

Emimen Co has a M-score of -1.26 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.26 mean?
Emimen Co (TSE:9237) has a Beneish M-Score of -1.26 as of Jul. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Emimen Co and its competitors. According to the industry distribution chart, Emimen Co ranks #916 out of 1022 companies in the Business Services industry, placing it in the top 89.6%.
Is Emimen Co's Beneish M-Score too high?
Emimen Co's current Beneish M-Score is -1.26. Based on the distribution chart, Emimen Co ranks #916 out of 1022 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Emimen Co has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Emimen Co's Beneish M-Score compare to VRSK and EFX?
According to the Business Services industry distribution chart, Emimen Co ranks #916 out of 1022 companies for Beneish M-Score. This places Emimen 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 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 Emimen Co and its competitors. Emimen Co's current Beneish M-Score is -1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emimen Co stock overvalued right now?
Emimen Co (TSE:9237) has a current Beneish M-Score of -1.26. The current Beneish M-Score is -1.26. Emimen Co's overall GF Score™ is 16/100 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 Emimen Co (TSE:9237), the current Beneish M-Score is -1.26 as of Jul. 05, 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.

Emimen Co Business Description

Address 1-8-33 Kyomachibori, Osaka Prefecture, Nishi-ku, Osaka, JPN, 550-0003
Emimen Co Ltd is engaged in the business of senior home introduction services and senior home management consulting. It is a professional in selecting senior homes, providing paid nursing homes with nursing care, residential-type paid nursing homes, and elderly care homes with services, depending on the thoughts and circumstances of the caregiving family. It helps to find a suitable place to live from among a wide variety of options, including residential housing and group homes.
16GF Score

Get the complete analysis for TSE:9237

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

円788.00
Price