Nippon Kanryu Industry Co (FSE:1771) Altman Z-Score: 4.05 (As of Jul. 07, 2026) — 47% Above Median


FSE:1771 Nippon Kanryu Industry Co Ltd FSE:1771
60 GF Score
Price 円956.00
GF Value 円917.08
Valuation Fairly Valued
! 3 Warning Signs
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What is Nippon Kanryu Industry Co Altman Z-Score?

Nippon Kanryu Industry Co FSE:1771 -0.52% 60 Altman Z-Score is 4.05 as of Jul. 07, 2026, which is 47% above its 10-year median of 2.76. GuruFocus rates FSE:1771 with a GF Score™ of 60/100 and a GF Value™ of 円917.08 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,754 Construction companies, Nippon Kanryu Industry Co ranks better than 78.51% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Good Sign:

Altman Z-score of 4.06 is strong.

Nippon Kanryu Industry Co has a Altman Z-Score of 4.05, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Nippon Kanryu Industry Co's Altman Z-Score or its related term are showing as below:

FSE:1771' s Altman Z-Score Range Over the Past 10 Years
Min: 2.36   Med: 2.76   Max: 4.06
Current: 4.06

During the past 13 years, Nippon Kanryu Industry Co's highest Altman Z-Score was 4.06. The lowest was 2.36. And the median was 2.76.


Nippon Kanryu Industry Co  (FSE:1771) Altman Z-Score Explanation

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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Nippon Kanryu Industry Co Altman Z-Score Related Terms


Nippon Kanryu Industry Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Nippon Kanryu Industry Co's Altman Z-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.

Nippon Kanryu Industry Co Altman Z-Score Chart

Nippon Kanryu Industry Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.33 2.89 3.27 3.34 3.37

Nippon Kanryu Industry Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Altman Z-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 2.71 3.34 2.57 3.37 0.00

FSE:1771 vs PWR, FIX, EME: Altman Z-Score Comparison

For the Engineering & Construction subindustry, Nippon Kanryu Industry Co's Altman Z-Score, along with its competitors' market caps and Altman Z-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.


Nippon Kanryu Industry Co Altman Z-Score vs Construction Industry

For the Construction industry and Industrials sector, Nippon Kanryu Industry Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Nippon Kanryu Industry Co's Altman Z-Score falls into.


FSE:1771
60GF Score
Nippon Kanryu Industry Co Ltd FSE:1771
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Nippon Kanryu Industry Co Altman Z-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.

Nippon Kanryu Industry Co's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.4356+1.4*0.5745+3.3*0.0626+0.6*2.1541+1.0*1.2281
=4.05

* 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 Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Sep. 2025:
Total Assets was 円14,326 Mil.
Total Current Assets was 円10,602 Mil.
Total Current Liabilities was 円4,361 Mil.
Retained Earnings was 円8,230 Mil.
Pre-Tax Income was 円892 Mil.
Interest Expense was 円-5 Mil.
Revenue was 円17,594 Mil.
Market Cap (Today) was 円10,353 Mil.
Total Liabilities was 円4,806 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
=(10601.633 - 4360.761)/14326.367
=0.4356

X2=Retained Earnings/Total Assets
=8229.981/14326.367
=0.5745

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(891.859 - -4.978)/14326.367
=0.0626

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=10352.950/4806.12
=2.1541

X5=Revenue/Total Assets
=17594.434/14326.367
=1.2281

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Nippon Kanryu Industry Co has a Altman Z-Score of 4.05 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 4.05 mean?
Nippon Kanryu Industry Co (FSE:1771) has a Altman Z-Score of 4.05 as of Jul. 07, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Nippon Kanryu Industry Co and its competitors. This is 47% above median its historical median of 2.76. Over the past decade, Nippon Kanryu Industry Co's Altman Z-Score has ranged from 2.36 to 4.06. According to the industry distribution chart, Nippon Kanryu Industry Co ranks #377 out of 1754 companies in the Construction industry, placing it in the top 21.5%.
Is Nippon Kanryu Industry Co's Altman Z-Score too high?
Nippon Kanryu Industry Co's current Altman Z-Score of 4.05 is 47% above median its 10-year median of 2.76. Over the past 10 years, this metric has ranged from a low of 2.36 to a high of 4.06. The Construction industry median Altman Z-Score is 2.34. Nippon Kanryu Industry Co's value of 4.05 is 73.1% above this industry median. Based on the distribution chart, Nippon Kanryu Industry Co ranks #377 out of 1754 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Kanryu Industry Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nippon Kanryu Industry Co's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Nippon Kanryu Industry Co ranks #377 out of 1754 companies for Altman Z-Score. This places Nippon Kanryu Industry Co in the top 22% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.34. Nippon Kanryu Industry Co's value of 4.05 is 73.1% above this benchmark. Historically, Nippon Kanryu Industry Co's own Altman Z-Score has ranged from 2.36 to 4.06 over the past decade. While the company's 10-year median is 2.76 vs. the industry median of 2.34, Nippon Kanryu Industry 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 Z-Score for a Construction company?
The median Altman Z-Score among Construction companies is 2.34, based on 1,754 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nippon Kanryu Industry Co's current Altman Z-Score of 4.05 is 73.1% 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Nippon Kanryu Industry Co and its competitors. For the Construction industry, the median Altman Z-Score is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Kanryu Industry Co's current Altman Z-Score is 4.05, which is 47% above median its own 10-year median of 2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Kanryu Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Kanryu Industry Co (FSE:1771) is currently considered Fairly Valued. The stock's GF Value™ is 円917.08, compared to a current price of 円956.00 — trading 4.2% above its estimated fair value. The current Altman Z-Score is 4.05, which is 47% above median its 10-year median of 2.76 and 73.1% above the Construction industry median of 2.34. Nippon Kanryu Industry Co's overall GF Score™ is 60/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Nippon Kanryu Industry Co (FSE:1771), the current Altman Z-Score is 4.05 as of Jul. 07, 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 Nippon Kanryu Industry Co (FSE:1771) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Kanryu Industry Co stock appears to be overvalued. The current stock price of 円956.00 is trading 4.2% above its estimated GF Value™ of 円917.08. GuruFocus considers Nippon Kanryu Industry Co to be Fairly Valued.

Key valuation signals for FSE:1771:

  • Altman Z-Score: 4.05 (47% above median its 10-year median of 2.76)
  • GF Value™: 円917.08 vs. price of 円956.00 (4.2% above fair value)
  • GF Score™: 60/100 with 3 warning signs
  • Industry Position: 73.1% above the Construction median (#377 of 1754)

No single metric tells the full story. See the FSE:1771 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Kanryu Industry Co Business Description

Address Umade 1-11-11, Higashi Ward, Fukuoka, JPN, 812-0054
Nippon Kanryu Industry Co Ltd is engaged in the construction business which includes traffic safety facilities construction, legal construction, landscape construction, and other construction works. It has disaster prevention safety business which sales disaster prevention goods, industrial safety and health related products. It also has chemicals business consist production of insoluble sulfur, manufacture of environmental type natural soil herbs. The company has two reportable segments: Construction Business; and Disaster Prevention and Safety Business.
60GF Score

Get the complete analysis for FSE:1771

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

円956.00
Price
円917.08
GF Value