ItoKuro (TSE:6049) Altman Z2-Score: 21.80 (As of Jul. 09, 2026) — Near Median


TSE:6049 ItoKuro Inc TSE:6049
66 GF Score
Price 円249.00
GF Value 円246.30
Valuation Fairly Valued
! 1 Warning Sign
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What is ItoKuro Altman Z2-Score?

ItoKuro TSE:6049 66 Altman Z2-Score is 21.80 as of Jul. 09, 2026, which is 3% above its 10-year median of 21.20. GuruFocus rates TSE:6049 with a GF Score™ of 66/100 and a GF Value™ of 円246.30 (Fairly Valued). The stock has 1 warning sign investors should review. Among 566 Interactive Media companies, ItoKuro ranks better than 96.11% on this metric.

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:

ItoKuro has a Altman Z2-Score of 21.80, 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 ItoKuro's Altman Z2-Score or its related term are showing as below:

TSE:6049' s Altman Z2-Score Range Over the Past 10 Years
Min: 11.61   Med: 21.2   Max: 29.64
Current: 21.8

During the past 12 years, ItoKuro's highest Altman Z2-Score was 29.64. The lowest was 11.61. And the median was 21.20.


ItoKuro  (TSE:6049) 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.

X4_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


ItoKuro Altman Z2-Score Related Terms


ItoKuro Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for ItoKuro's Altman Z2-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.

ItoKuro Altman Z2-Score Chart

ItoKuro Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.37 28.96 21.31 29.64 21.80

ItoKuro Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.94 29.64 21.20 21.80 0.00

TSE:6049 vs GOOGL, META, SPOT: Altman Z2-Score Comparison

For the Internet Content & Information subindustry, ItoKuro'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.


ItoKuro Altman Z2-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, ItoKuro's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where ItoKuro's Altman Z2-Score falls into.


TSE:6049
66GF Score
ItoKuro Inc TSE:6049
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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ItoKuro 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.

ItoKuro's Altman Z2-Score for today is calculated with this formula:

Z=6.56*X1+3.26*X2+6.72*X3+1.05*X4_2
=6.56*0.7178+3.26*0.6761+6.72*0.0367+1.05*13.9421
=21.80

* 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.

Trailing Twelve Months (TTM) ended in Oct. 2025:
Total Assets was 円9,877 Mil.
Total Current Assets was 円7,701 Mil.
Total Current Liabilities was 円612 Mil.
Retained Earnings was 円6,678 Mil.
Pre-Tax Income was 円362 Mil.
Interest Expense was 円-0 Mil.
Total Liabilities was 円661 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(7701.37 - 611.59)/9876.599
=0.7178

X2=Retained Earnings/Total Assets
=6677.787/9876.599
=0.6761

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(361.949 - -0.083)/9876.599
=0.0367

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(9215.607 - 0)/660.992
=13.9421

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

ItoKuro has a Altman Z2-Score of 21.80 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 21.80 mean?
ItoKuro (TSE:6049) has a Altman Z2-Score of 21.80 as of Jul. 09, 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 ItoKuro and its competitors. This is near median its historical median of 21.20. Over the past decade, ItoKuro's Altman Z2-Score has ranged from 11.61 to 29.64. According to the industry distribution chart, ItoKuro ranks #22 out of 566 companies in the Interactive Media industry, placing it in the top 3.9%.
Is ItoKuro's Altman Z2-Score too high?
ItoKuro's current Altman Z2-Score of 21.80 is near median its 10-year median of 21.20. Over the past 10 years, this metric has ranged from a low of 11.61 to a high of 29.64. The Interactive Media industry median Altman Z2-Score is 4.09. ItoKuro's value of 21.80 is 433% above this industry median. Based on the distribution chart, ItoKuro ranks #22 out of 566 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, ItoKuro has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ItoKuro's Altman Z2-Score compare to GOOGL and META?
According to the Interactive Media industry distribution chart, ItoKuro ranks #22 out of 566 companies for Altman Z2-Score. This places ItoKuro in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 4.09. ItoKuro's value of 21.80 is 433% above this benchmark. Historically, ItoKuro's own Altman Z2-Score has ranged from 11.61 to 29.64 over the past decade. While the company's 10-year median is 21.20 vs. the industry median of 4.09, ItoKuro 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 an Interactive Media company?
The median Altman Z2-Score among Interactive Media companies is 4.09, based on 566 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. ItoKuro's current Altman Z2-Score of 21.80 is 433% 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 ItoKuro and its competitors. For the Interactive Media industry, the median Altman Z2-Score is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ItoKuro's current Altman Z2-Score is 21.80, which is near median its own 10-year median of 21.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ItoKuro stock overvalued right now?
Based on GuruFocus' analysis, ItoKuro (TSE:6049) is currently considered Fairly Valued. The stock's GF Value™ is 円246.30, compared to a current price of 円249.00 — trading 1.1% above its estimated fair value. The current Altman Z2-Score is 21.80, which is near median its 10-year median of 21.20 and 433% above the Interactive Media industry median of 4.09. ItoKuro's overall GF Score™ is 66/100 with 1 warning sign 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 ItoKuro (TSE:6049), the current Altman Z2-Score is 21.80 as of Jul. 09, 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 ItoKuro (TSE:6049) Overvalued in 2026?

Based on GuruFocus' analysis, ItoKuro stock appears to be overvalued. The current stock price of 円249.00 is trading 1.1% above its estimated GF Value™ of 円246.30. GuruFocus considers ItoKuro to be Fairly Valued.

Key valuation signals for TSE:6049:

  • Altman Z2-Score: 21.80 (near median its 10-year median of 21.20)
  • GF Value™: 円246.30 vs. price of 円249.00 (1.1% above fair value)
  • GF Score™: 66/100 with 1 warning sign
  • Industry Position: 433% above the Interactive Media median (#22 of 566)

No single metric tells the full story. See the TSE:6049 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ItoKuro Business Description

Address 2-9-11 ORIX Akasaka 2-chome Building, 6th Floor, Akasaka, Minato-ku, Tokyo, JPN, 107-0052
ItoKuro Inc provides media and consulting services. It operates School Navi, a domain-specific portal site for infants, elementary school students, and junior school students. The company also offers tutor comparison net, medical school preparatory manual, and medical examination manual site. The company consulting services is engaged in supporting the marketing activities of client companies in the education industry and the financial industry.
66GF Score

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Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円249.00
Price
円246.30
GF Value