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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
As of Mar. 2026, Nitto Fuji Flour Milling Co has a Sloan Ratio of -0.70%, indicating the company is in the safe zone and there is no funny business with accruals.
Nitto Fuji Flour Milling Co (TSE:2003) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, Nitto Fuji Flour Milling Co has a Sloan Ratio of -0.70%, indicating the company is in the safe zone and there is no funny business with accruals.
Nitto Fuji Flour Milling Co Sloan Ratio % Related Terms
Nitto Fuji Flour Milling Co Sloan Ratio % Historical Data
* 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.
TSE:2003 vs ADM, BG, TSN: Sloan Ratio % Comparison
For the Farm Products subindustry, Nitto Fuji Flour Milling Co's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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.
Nitto Fuji Flour Milling Co Sloan Ratio % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Nitto Fuji Flour Milling Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Nitto Fuji Flour Milling Co's Sloan Ratio % falls into.
Nitto Fuji Flour Milling Co Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Nitto Fuji Flour Milling Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 1142 (Sep. 2025 ) + 2177 (Mar. 2026 ) = 円3,319 Mil.
Nitto Fuji Flour Milling Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 2044 (Sep. 2025 ) + 2623 (Mar. 2026 ) = 円4,667 Mil.
Nitto Fuji Flour Milling Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -818 (Sep. 2025 ) + -85 (Mar. 2026 ) = 円-903 Mil.
* 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.
Nitto Fuji Flour Milling Co (TSE:2003) has a Sloan Ratio % of -0.70% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Nitto Fuji Flour Milling Co and its competitors.
Is Nitto Fuji Flour Milling Co's Sloan Ratio % too high?
Nitto Fuji Flour Milling Co's current Sloan Ratio % is -0.70%. Overall, Nitto Fuji Flour Milling Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nitto Fuji Flour Milling Co's Sloan Ratio % compare to ADM and BG?
Nitto Fuji Flour Milling Co's Sloan Ratio % of -0.70% can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Consumer Packaged Goods company?
A good Sloan Ratio % depends on the Consumer Packaged Goods industry context. However, Sloan Ratio % 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 Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Nitto Fuji Flour Milling Co and its competitors. Nitto Fuji Flour Milling Co's current Sloan Ratio % is -0.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitto Fuji Flour Milling Co stock overvalued right now?
Based on GuruFocus' analysis, Nitto Fuji Flour Milling Co (TSE:2003) is currently considered Fairly Valued. The stock's GF Value™ is 円1,718.91, compared to a current price of 円1,728.00 — trading 0.5% above its estimated fair value. The current Sloan Ratio % is -0.70%. Nitto Fuji Flour Milling Co's overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Nitto Fuji Flour Milling Co (TSE:2003), the current Sloan Ratio % is -0.70% as of Mar. 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 Nitto Fuji Flour Milling Co (TSE:2003) Overvalued in 2026?
Based on GuruFocus' analysis, Nitto Fuji Flour Milling Co stock appears to be overvalued.
The current stock price of 円1,728.00 is trading 0.5% above its estimated GF Value™ of 円1,718.91.
GuruFocus considers Nitto Fuji Flour Milling Co to be Fairly Valued.
Key valuation signals for TSE:2003:
Sloan Ratio %: -0.70%
GF Value™: 円1,718.91 vs. price of 円1,728.00 (0.5% above fair value)
No single metric tells the full story. See the TSE:2003 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitto Fuji Flour Milling Co Ltd is engaged in the manufacture and sale of wheat flour and bran. The company is also involved in warehousing business and designing and installation of machines and equipment.
75GF Score
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