Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
Good Sign:
Matsumoto Yushi-Seiyaku Co has a Altman Z2-Score of 13.45, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for Matsumoto Yushi-Seiyaku Co's Altman Z2-Score or its related term are showing as below:
TSE:4365'
s Altman Z2-Score Range Over the Past 10 Years
Min: 11.93 Med: 12.87 Max: 13.45
Current: 13.45
During the past 13 years, Matsumoto Yushi-Seiyaku Co's highest Altman Z2-Score was 13.45. The lowest was 11.93. And the median was 12.87.
Matsumoto Yushi-Seiyaku Co (TSE:4365) Altman Z2-Score Explanation
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
* 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:4365 vs LIN, SHW, ECL: Altman Z2-Score Comparison
For the Specialty Chemicals subindustry, Matsumoto Yushi-Seiyaku Co's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.
Matsumoto Yushi-Seiyaku Co Altman Z2-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Matsumoto Yushi-Seiyaku Co's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Matsumoto Yushi-Seiyaku Co's Altman Z2-Score falls into.
Matsumoto Yushi-Seiyaku Co Altman Z2-Score Calculation
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
* 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. GuruFocus does not calculate Altman Z2-Score when X4_2 value is 0.
Matsumoto Yushi-Seiyaku Co (TSE:4365) has a Altman Z2-Score of 13.45 as of Jul. 08, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Matsumoto Yushi-Seiyaku Co and its competitors. This is near median its historical median of 12.87. Over the past decade, Matsumoto Yushi-Seiyaku Co's Altman Z2-Score has ranged from 11.93 to 13.45. According to the industry distribution chart, Matsumoto Yushi-Seiyaku Co ranks #118 out of 1588 companies in the Chemicals industry, placing it in the top 7.4%.
Is Matsumoto Yushi-Seiyaku Co's Altman Z2-Score too high?
Matsumoto Yushi-Seiyaku Co's current Altman Z2-Score of 13.45 is near median its 10-year median of 12.87. Over the past 10 years, this metric has ranged from a low of 11.93 to a high of 13.45. The Chemicals industry median Altman Z2-Score is 3.95. Matsumoto Yushi-Seiyaku Co's value of 13.45 is 240.5% above this industry median. Based on the distribution chart, Matsumoto Yushi-Seiyaku Co ranks #118 out of 1588 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Matsumoto Yushi-Seiyaku Co has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Matsumoto Yushi-Seiyaku Co's Altman Z2-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Matsumoto Yushi-Seiyaku Co ranks #118 out of 1588 companies for Altman Z2-Score. This places Matsumoto Yushi-Seiyaku Co in the top 7% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.95. Matsumoto Yushi-Seiyaku Co's value of 13.45 is 240.5% above this benchmark. Historically, Matsumoto Yushi-Seiyaku Co's own Altman Z2-Score has ranged from 11.93 to 13.45 over the past decade. While the company's 10-year median is 12.87 vs. the industry median of 3.95, Matsumoto Yushi-Seiyaku Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z2-Score for a Chemicals company?
The median Altman Z2-Score among Chemicals companies is 3.95, based on 1,588 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Matsumoto Yushi-Seiyaku Co's current Altman Z2-Score of 13.45 is 240.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Matsumoto Yushi-Seiyaku Co and its competitors. For the Chemicals industry, the median Altman Z2-Score is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matsumoto Yushi-Seiyaku Co's current Altman Z2-Score is 13.45, which is near median its own 10-year median of 12.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matsumoto Yushi-Seiyaku Co stock overvalued right now?
Based on GuruFocus' analysis, Matsumoto Yushi-Seiyaku Co (TSE:4365) is currently considered Modestly Overvalued. The stock's GF Value™ is 円17,988.51, compared to a current price of 円20,050.00 — trading 11.5% above its estimated fair value. The current Altman Z2-Score is 13.45, which is near median its 10-year median of 12.87 and 240.5% above the Chemicals industry median of 3.95. Matsumoto Yushi-Seiyaku Co's overall GF Score™ is 82/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Matsumoto Yushi-Seiyaku Co (TSE:4365), the current Altman Z2-Score is 13.45 as of Jul. 08, 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 Matsumoto Yushi-Seiyaku Co (TSE:4365) Overvalued in 2026?
Based on GuruFocus' analysis, Matsumoto Yushi-Seiyaku Co stock appears to be overvalued.
The current stock price of 円20,050.00 is trading 11.5% above its estimated GF Value™ of 円17,988.51.
GuruFocus considers Matsumoto Yushi-Seiyaku Co to be Modestly Overvalued.
Key valuation signals for TSE:4365:
Altman Z2-Score: 13.45 (near median its 10-year median of 12.87)
GF Value™: 円17,988.51 vs. price of 円20,050.00 (11.5% above fair value)
Industry Position: 240.5% above the Chemicals median (#118 of 1588)
No single metric tells the full story. See the TSE:4365 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Matsumoto Yushi-Seiyaku Co Ltd is engaged in production and supply of surface active agents and polymers. The company's products include sizing chemicals for weaving, spin finishes for extrusion spinning, textile spinning and functional surface treatment of fibers, knitting and weaving lubricants, and others. Geographically, it operates in two segments: Japan and Asia, of which it generates maximum revenue from Japan.
82GF Score
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