Hokuryo Co (TSE:1384) Altman Z-Score: 4.71 (As of Jul. 15, 2026) — 54% Above Median

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TSE:1384 Hokuryo Co Ltd TSE:1384
70 GF Score
Price 円2,036.00
GF Value 円1,469.92
Valuation Significantly Overvalued
View Full Analysis

What is Hokuryo Co Altman Z-Score?

Hokuryo Co TSE:1384 -0.20% 70 Altman Z-Score is 4.71 as of Jul. 15, 2026, which is 54% above its 10-year median of 3.06. GuruFocus rates TSE:1384 with a GF Score™ of 70/100 and a GF Value™ of 円1,469.92 (Significantly Overvalued). Among 1,930 Consumer Packaged Goods companies, Hokuryo Co ranks better than 73.32% 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 4.72 is strong.

Hokuryo Co has a Altman Z-Score of 4.71, 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 Hokuryo Co's Altman Z-Score or its related term are showing as below:

TSE:1384' s Altman Z-Score Range Over the Past 10 Years
Min: 2.17   Med: 3.06   Max: 5.37
Current: 4.72

During the past 12 years, Hokuryo Co's highest Altman Z-Score was 5.37. The lowest was 2.17. And the median was 3.06.


Hokuryo Co  (TSE:1384) 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.


Hokuryo Co Altman Z-Score Related Terms


Hokuryo Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Hokuryo 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.

Hokuryo Co Altman Z-Score Chart

Hokuryo Co Annual Data
Trend Aug16 Aug17 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.70 2.83 3.49 4.02 5.37

Hokuryo Co Semi-Annual Data
Feb16 Aug16 Feb17 Aug17 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 3.49 2.99 4.02 0.00 5.37

TSE:1384 vs ADM, BG, TSN: Altman Z-Score Comparison

For the Farm Products subindustry, Hokuryo 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.


Hokuryo Co Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hokuryo Co's Altman Z-Score distribution charts can be found below:

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


TSE:1384
70GF Score
Hokuryo Co Ltd TSE:1384
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hokuryo 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.

Hokuryo 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*0.2349+1.4*0.6593+3.3*0.2311+0.6*2.927+1.0*0.9874
=4.71

* 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 Mar. 2026:
Total Assets was 円23,402 Mil.
Total Current Assets was 円10,139 Mil.
Total Current Liabilities was 円4,642 Mil.
Retained Earnings was 円15,428 Mil.
Pre-Tax Income was 円5,406 Mil.
Interest Expense was 円-2 Mil.
Revenue was 円23,107 Mil.
Market Cap (Today) was 円17,222 Mil.
Total Liabilities was 円5,884 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
=(10139 - 4642)/23402
=0.2349

X2=Retained Earnings/Total Assets
=15428/23402
=0.6593

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(5406 - -2)/23402
=0.2311

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=17222.194/5884
=2.927

X5=Revenue/Total Assets
=23107/23402
=0.9874

The zones of discrimination were as such:

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

Hokuryo Co has a Altman Z-Score of 4.71 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 4.71 mean?
Hokuryo Co (TSE:1384) has a Altman Z-Score of 4.71 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hokuryo Co and its competitors. This is 54% above median its historical median of 3.06. Over the past decade, Hokuryo Co's Altman Z-Score has ranged from 2.17 to 5.37. According to the industry distribution chart, Hokuryo Co ranks #515 out of 1930 companies in the Consumer Packaged Goods industry, placing it in the top 26.7%.
Is Hokuryo Co's Altman Z-Score too high?
Hokuryo Co's current Altman Z-Score of 4.71 is 54% above median its 10-year median of 3.06. Over the past 10 years, this metric has ranged from a low of 2.17 to a high of 5.37. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. Hokuryo Co's value of 4.71 is 65.3% above this industry median. Based on the distribution chart, Hokuryo Co ranks #515 out of 1930 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Hokuryo Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokuryo Co's Altman Z-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Hokuryo Co ranks #515 out of 1930 companies for Altman Z-Score. This puts Hokuryo Co in the upper half of its industry. The industry median Altman Z-Score is 2.85. Hokuryo Co's value of 4.71 is 65.3% above this benchmark. Historically, Hokuryo Co's own Altman Z-Score has ranged from 2.17 to 5.37 over the past decade. While the company's 10-year median is 3.06 vs. the industry median of 2.85, Hokuryo 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.85, based on 1,930 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. Hokuryo Co's current Altman Z-Score of 4.71 is 65.3% 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 Hokuryo Co and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokuryo Co's current Altman Z-Score is 4.71, which is 54% above median its own 10-year median of 3.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokuryo Co stock overvalued right now?
Based on GuruFocus' analysis, Hokuryo Co (TSE:1384) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,469.92, compared to a current price of 円2,036.00 — trading 38.5% above its estimated fair value. The current Altman Z-Score is 4.71, which is 54% above median its 10-year median of 3.06 and 65.3% above the Consumer Packaged Goods industry median of 2.85. Hokuryo Co's overall GF Score™ is 70/100. 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 Hokuryo Co (TSE:1384), the current Altman Z-Score is 4.71 as of Jul. 15, 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 Hokuryo Co (TSE:1384) Overvalued in 2026?

Based on GuruFocus' analysis, Hokuryo Co stock appears to be overvalued. The current stock price of 円2,036.00 is trading 38.5% above its estimated GF Value™ of 円1,469.92. GuruFocus considers Hokuryo Co to be Significantly Overvalued.

Key valuation signals for TSE:1384:

  • Altman Z-Score: 4.71 (54% above median its 10-year median of 3.06)
  • GF Value™: 円1,469.92 vs. price of 円2,036.00 (38.5% above fair value)
  • GF Score™: 70/100
  • Industry Position: 65.3% above the Consumer Packaged Goods median (#515 of 1930)

No single metric tells the full story. See the TSE:1384 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hokuryo Co Business Description

Address 6-15 Chuo 2-jo 3-chome, Shiroishi-ku, Sapporo, JPN, 003-0012
Hokuryo Co Ltd is a livestock company engaged in the production and sale of eggs, processed eggs, and meat products in Japan. It offers broiler, pork, beef, and ham sausage products. It produces and sells eggs for household, hotel, restaurant, bread, and cake consumption.
70GF Score

Get the complete analysis for TSE:1384

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

円2,036.00
Price
円1,469.92
GF Value