Gourmet Kineya Co (TSE:9850) Beneish M-Score: -2.66 (As of Jul. 10, 2026)

What is Gourmet Kineya Co Beneish M-Score?

Gourmet Kineya Co TSE:9850 +0.10% 59 Beneish M-Score is -2.66 as of Jul. 10, 2026. GuruFocus rates TSE:9850 with a GF Score™ of 59/100 and a GF Value™ of 円1,248.09 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 354 Restaurants companies, Gourmet Kineya Co ranks worse than 60.73% 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 -2.66 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:9850' s Beneish M-Score Range Over the Past 10 Years
Min: -3.06 Med: -2.5 Max: -0.79
Current: -2.66

During the past 13 years, the highest Beneish M-Score of Gourmet Kineya Co was -0.79. The lowest was -3.06. And the median was -2.50.

Gourmet Kineya Co Beneish M-Score Related Terms

Gourmet Kineya Co Beneish M-Score Historical Data

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The historical data trend for Gourmet Kineya 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.

Gourmet Kineya Co Beneish M-Score Chart

Gourmet Kineya Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-2.83

-2.85

-2.21

-2.36

-2.66

Gourmet Kineya 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															-2.21	0.00	-2.36	0.00	-2.66

TSE:9850 vs MCD, SBUX, YUM: Beneish M-Score Comparison

For the Restaurants subindustry, Gourmet Kineya 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.

Gourmet Kineya Co Beneish M-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Gourmet Kineya Co's Beneish M-Score distribution charts can be found below:

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

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59GF Score

Gourmet Kineya Co Ltd TSE:9850

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

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Gourmet Kineya 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 Gourmet Kineya 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 * 0.935

0.528 * 1.0453

0.404 * 0.9876

0.892 * 1.0479

0.115 * 1.1269

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.044229

0.327 * 0.9732

-2.66

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was 円2,752 Mil.
Revenue was 円44,090 Mil.
Gross Profit was 円15,099 Mil.
Total Current Assets was 円9,025 Mil.
Total Assets was 円30,947 Mil.
Property, Plant and Equipment(Net PPE) was 円15,951 Mil.
Depreciation, Depletion and Amortization(DDA) was 円1,092 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円8,752 Mil.
Long-Term Debt & Capital Lease Obligation was 円8,936 Mil.
Net Income was 円225 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円1,594 Mil.

Total Receivables was 円2,809 Mil.
Revenue was 円42,073 Mil.
Gross Profit was 円15,061 Mil.
Total Current Assets was 円9,437 Mil.
Total Assets was 円31,458 Mil.
Property, Plant and Equipment(Net PPE) was 円15,875 Mil.
Depreciation, Depletion and Amortization(DDA) was 円1,235 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円7,991 Mil.
Long-Term Debt & Capital Lease Obligation was 円10,483 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)
	=	(2752.159 / 44089.511)	/	(2808.684 / 42072.804)
	=	0.062422	/	0.066758
	=	0.935

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)
	=	(15060.831 / 42072.804)	/	(15099.044 / 44089.511)
	=	0.357971	/	0.342463
	=	1.0453

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 - (9024.895 + 15950.767) / 30946.95)	/	(1 - (9436.877 + 15875.266) / 31457.928)
	=	0.192952	/	0.195365
	=	0.9876

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
	=	44089.511	/	42072.804
	=	1.0479

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))
	=	(1235.267 / (1235.267 + 15875.266))	/	(1091.776 / (1091.776 + 15950.767))
	=	0.072193	/	0.064062
	=	1.1269

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 / 44089.511)	/	(0 / 42072.804)
	=	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)
	=	((8935.755 + 8751.946) / 30946.95)	/	((10483.197 + 7990.76) / 31457.928)
	=	0.571549	/	0.587259
	=	0.9732

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
	=	(225.186 - 0	-	1593.941)	/	30946.95
	=	-0.044229

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.

Gourmet Kineya Co has a M-score of -2.66 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 -2.66 mean?

Gourmet Kineya Co (TSE:9850) has a Beneish M-Score of -2.66 as of Jul. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Gourmet Kineya Co and its competitors. According to the industry distribution chart, Gourmet Kineya Co ranks #215 out of 354 companies in the Restaurants industry, placing it in the top 60.7%.

Is Gourmet Kineya Co's Beneish M-Score too high?

Gourmet Kineya Co's current Beneish M-Score is -2.66. Based on the distribution chart, Gourmet Kineya Co ranks #215 out of 354 companies in the Restaurants industry, which is below the industry midpoint. Overall, Gourmet Kineya Co has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Gourmet Kineya Co's Beneish M-Score compare to MCD and SBUX?

According to the Restaurants industry distribution chart, Gourmet Kineya Co ranks #215 out of 354 companies for Beneish M-Score. This places Gourmet Kineya 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 Restaurants company?

A good Beneish M-Score depends on the Restaurants 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 Gourmet Kineya Co and its competitors. Gourmet Kineya Co's current Beneish M-Score is -2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Gourmet Kineya Co stock overvalued right now?

Based on GuruFocus' analysis, Gourmet Kineya Co (TSE:9850) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,248.09, compared to a current price of 円964.00 — trading 22.8% below its estimated fair value. The current Beneish M-Score is -2.66. Gourmet Kineya Co's overall GF Score™ is 59/100 with 6 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 Gourmet Kineya Co (TSE:9850), the current Beneish M-Score is -2.66 as of Jul. 10, 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 Gourmet Kineya Co (TSE:9850) Overvalued in 2026?

Based on GuruFocus' analysis, Gourmet Kineya Co stock appears to be undervalued. The current stock price of 円964.00 is trading 22.8% below its estimated GF Value™ of 円1,248.09. GuruFocus considers Gourmet Kineya Co to be Modestly Undervalued.

Key valuation signals for TSE:9850:

Beneish M-Score: -2.66
GF Value™: 円1,248.09 vs. price of 円964.00 (22.8% below fair value)
GF Score™: 59/100 with 6 warning signs

No single metric tells the full story. See the TSE:9850 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Gourmet Kineya Co Business Description

Industry Consumer Cyclical Restaurants

Comparable Companies TSE:7554 TSE:9979 TSE:3075 TSE:3178 TSE:2882 TSE:7621 TSE:3068 TSE:7562 TSE:3329 TSE:2694 MCD SBUX LSE:CPG YUM CMG TSX:QSR DRI TSX:QSP.UN YUMC TXRH

Address 3-4-7 Kitakagaya, Suminoe-ku, Osaka, JPN

Website https://www.gourmet-kineya.co.jp

Gourmet Kineya Co Ltd engages in the management of restaurants. The firm operates a chain of stores serving udon, soba, sushi, and western-style cuisine and ethnic-themed restaurants. It is also engaged in offering in-flight catering and food services. In addition, the company is involved in the production, processing, and sale of frozen food; general property leasing services; railway and passenger transportation services; the sale of Japanese rice and seafood products; and customs clearance and bonded storage business.

59GF Score

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

円964.00

Price

円1,248.09

GF Value

View TSE:9850 Analysis

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