Slogan (TSE:9253) Beneish M-Score: -2.83 (As of Jun. 27, 2026)


TSE:9253 Slogan Inc TSE:9253
82 GF Score
Price 円740.00
GF Value 円783.95
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Slogan Beneish M-Score?

Slogan TSE:9253 -1.20% 82 Beneish M-Score is -2.83 as of Jun. 27, 2026. GuruFocus rates TSE:9253 with a GF Score™ of 82/100 and a GF Value™ of 円783.95 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,020 Business Services companies, Slogan ranks better than 71.86% 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 -2.83 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:9253' s Beneish M-Score Range Over the Past 10 Years
Min: -3.61   Med: -2.7   Max: -0.93
Current: -2.83

During the past 7 years, the highest Beneish M-Score of Slogan was -0.93. The lowest was -3.61. And the median was -2.70.

Slogan Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Slogan'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.

Slogan Beneish M-Score Chart

Slogan Annual Data
Trend Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Beneish M-Score
Get a 7-Day Free Trial -3.61 -0.93 -2.36 -2.70 -2.83

Slogan Semi-Annual Data
Feb20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.36 0.00 -2.70 0.00 -2.83

TSE:9253 vs KFY, RHI, TNET: Beneish M-Score Comparison

For the Staffing & Employment Services subindustry, Slogan'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.

Slogan Beneish M-Score vs Business Services Industry

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

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


TSE:9253
82GF Score
Slogan Inc TSE:9253
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Slogan 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 Slogan 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 * 0.8808+0.528 * 0.9952+0.404 * 0.8698+0.892 * 1.1775+0.115 * 0.6068
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.059789-0.327 * 1.0572
=-2.83

* 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 (Feb26) TTM:Last Year (Feb25) TTM:
Total Receivables was 円88 Mil.
Revenue was 円1,590 Mil.
Gross Profit was 円1,561 Mil.
Total Current Assets was 円2,156 Mil.
Total Assets was 円2,326 Mil.
Property, Plant and Equipment(Net PPE) was 円0 Mil.
Depreciation, Depletion and Amortization(DDA) was 円5 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円692 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Net Income was 円190 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円329 Mil.
 Total Receivables was 円85 Mil.
Revenue was 円1,350 Mil.
Gross Profit was 円1,319 Mil.
Total Current Assets was 円1,919 Mil.
Total Assets was 円2,095 Mil.
Property, Plant and Equipment(Net PPE) was 円0 Mil.
Depreciation, Depletion and Amortization(DDA) was 円1 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円590 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 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)
=(87.817 / 1589.911) / (84.667 / 1350.205)
=0.055234 / 0.062707
=0.8808

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)
=(1319.434 / 1350.205) / (1561.239 / 1589.911)
=0.97721 / 0.981966
=0.9952

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 - (2155.977 + 0.289) / 2325.822) / (1 - (1918.952 + 0.432) / 2094.976)
=0.072902 / 0.083816
=0.8698

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
=1589.911 / 1350.205
=1.1775

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))
=(0.578 / (0.578 + 0.432)) / (4.789 / (4.789 + 0.289))
=0.572277 / 0.943088
=0.6068

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 / 1589.911) / (0 / 1350.205)
=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)
=((0 + 692.106) / 2325.822) / ((0 + 589.664) / 2094.976)
=0.297575 / 0.281466
=1.0572

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
=(189.575 - 0 - 328.634) / 2325.822
=-0.059789

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.

Slogan has a M-score of -2.83 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 -2.83 mean?
Slogan (TSE:9253) has a Beneish M-Score of -2.83 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Slogan and its competitors. According to the industry distribution chart, Slogan ranks #287 out of 1020 companies in the Business Services industry, placing it in the top 28.1%.
Is Slogan's Beneish M-Score too high?
Slogan's current Beneish M-Score is -2.83. Based on the distribution chart, Slogan ranks #287 out of 1020 companies in the Business Services industry, which is above the industry midpoint. Overall, Slogan has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Slogan's Beneish M-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Slogan ranks #287 out of 1020 companies for Beneish M-Score. This puts Slogan 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 Slogan and its competitors. Slogan's current Beneish M-Score is -2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Slogan stock overvalued right now?
Based on GuruFocus' analysis, Slogan (TSE:9253) is currently considered Fairly Valued. The stock's GF Value™ is 円783.95, compared to a current price of 円740.00 — trading 5.6% below its estimated fair value. The current Beneish M-Score is -2.83. Slogan's overall GF Score™ is 82/100 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 Slogan (TSE:9253), the current Beneish M-Score is -2.83 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 Slogan (TSE:9253) Overvalued in 2026?

Based on GuruFocus' analysis, Slogan stock appears to be undervalued. The current stock price of 円740.00 is trading 5.6% below its estimated GF Value™ of 円783.95. GuruFocus considers Slogan to be Fairly Valued.

Key valuation signals for TSE:9253:

  • Beneish M-Score: -2.83
  • GF Value™: 円783.95 vs. price of 円740.00 (5.6% below fair value)
  • GF Score™: 82/100 with 1 warning sign

No single metric tells the full story. See the TSE:9253 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Slogan Business Description

Address 2-11-7 Minamiaoyama, 3rd Floor, Daiichi Hoki Head Office Building, Minato-ku, Tokyo, JPN, 107?0062
Slogan Inc offers a recruitment support service through a recruiting platform for new industries. The company offers the following services: Goodfind, a consulting job hunting service, FactLogic, and Intern Street and a long-term internship introduction service for students. For working adults, it offers Goodfind Career, an agency specializing in venture and startup recruitment, and G3, a career support service for high-potential personnel in their first three years of working life. In addition, the group offers FastGrow, a business media for young personnel that creates the information infrastructure necessary for new industrial fields, TeamUp, a SaaS-based HR service that approaches organizational issues after joining the company, and Metanobi, a learning platform.
82GF Score

Get the complete analysis for TSE:9253

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

円740.00
Price
円783.95
GF Value