Nissou Co (TSE:1444) Altman Z-Score: 3.89 (As of Jul. 05, 2026) — 43% Below Median


TSE:1444 Nissou Co Ltd TSE:1444
81 GF Score
Price 円2,851.00
GF Value 円3,164.96
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Nissou Co Altman Z-Score?

Nissou Co TSE:1444 +0.14% 81 Altman Z-Score is 3.89 as of Jul. 05, 2026, which is 43% below its 10-year median of 6.77. GuruFocus rates TSE:1444 with a GF Score™ of 81/100 and a GF Value™ of 円3,164.96 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 89 Homebuilding & Construction companies, Nissou Co ranks better than 77.53% 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 3.89 is strong.

Nissou Co has a Altman Z-Score of 3.89, 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 Nissou Co's Altman Z-Score or its related term are showing as below:

TSE:1444' s Altman Z-Score Range Over the Past 10 Years
Min: 2.96   Med: 6.77   Max: 10.4
Current: 3.89

During the past 10 years, Nissou Co's highest Altman Z-Score was 10.40. The lowest was 2.96. And the median was 6.77.


Nissou Co  (TSE:1444) 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.


Nissou Co Altman Z-Score Related Terms


Nissou Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Nissou 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.

Nissou Co Altman Z-Score Chart

Nissou Co Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.88 7.11 4.34 4.04 3.80

Nissou Co Semi-Annual Data
Jul16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 4.75 4.04 2.96 3.80 0.00

TSE:1444 vs DHI, PHM, LEN: Altman Z-Score Comparison

For the Residential Construction subindustry, Nissou 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.


Nissou Co Altman Z-Score vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Nissou Co's Altman Z-Score distribution charts can be found below:

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


TSE:1444
81GF Score
Nissou Co Ltd TSE:1444
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nissou 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.

Nissou 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*0.4296+1.4*0.3214+3.3*0.1024+0.6*1.7687+1.0*1.5272
=3.89

* 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 Jul. 2025:
Total Assets was 円3,457 Mil.
Total Current Assets was 円2,921 Mil.
Total Current Liabilities was 円1,435 Mil.
Retained Earnings was 円1,111 Mil.
Pre-Tax Income was 円343 Mil.
Interest Expense was 円-11 Mil.
Revenue was 円5,280 Mil.
Market Cap (Today) was 円3,102 Mil.
Total Liabilities was 円1,754 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
=(2920.513 - 1435.235)/3457.32
=0.4296

X2=Retained Earnings/Total Assets
=1111.051/3457.32
=0.3214

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(342.881 - -11.174)/3457.32
=0.1024

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=3101.537/1753.589
=1.7687

X5=Revenue/Total Assets
=5279.959/3457.32
=1.5272

The zones of discrimination were as such:

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

Nissou Co has a Altman Z-Score of 3.89 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 3.89 mean?
Nissou Co (TSE:1444) has a Altman Z-Score of 3.89 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Nissou Co and its competitors. This is 43% below median its historical median of 6.77. Over the past decade, Nissou Co's Altman Z-Score has ranged from 2.96 to 10.40. According to the industry distribution chart, Nissou Co ranks #20 out of 89 companies in the Homebuilding & Construction industry, placing it in the top 22.5%.
Is Nissou Co's Altman Z-Score too high?
Nissou Co's current Altman Z-Score of 3.89 is 43% below median its 10-year median of 6.77. Over the past 10 years, this metric has ranged from a low of 2.96 to a high of 10.40. The Homebuilding & Construction industry median Altman Z-Score is 2.23. Nissou Co's value of 3.89 is 74.4% above this industry median. Based on the distribution chart, Nissou Co ranks #20 out of 89 companies in the Homebuilding & Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Nissou Co has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nissou Co's Altman Z-Score compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Nissou Co ranks #20 out of 89 companies for Altman Z-Score. This places Nissou Co in the top 23% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.23. Nissou Co's value of 3.89 is 74.4% above this benchmark. Historically, Nissou Co's own Altman Z-Score has ranged from 2.96 to 10.40 over the past decade. While the company's 10-year median is 6.77 vs. the industry median of 2.23, Nissou 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 Homebuilding & Construction company?
The median Altman Z-Score among Homebuilding & Construction companies is 2.23, based on 89 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. Nissou Co's current Altman Z-Score of 3.89 is 74.4% 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 Nissou Co and its competitors. For the Homebuilding & Construction industry, the median Altman Z-Score is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nissou Co's current Altman Z-Score is 3.89, which is 43% below median its own 10-year median of 6.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nissou Co stock overvalued right now?
Based on GuruFocus' analysis, Nissou Co (TSE:1444) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,164.96, compared to a current price of 円2,851.00 — trading 9.9% below its estimated fair value. The current Altman Z-Score is 3.89, which is 43% below median its 10-year median of 6.77 and 74.4% above the Homebuilding & Construction industry median of 2.23. Nissou Co's overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Nissou Co (TSE:1444), the current Altman Z-Score is 3.89 as of Jul. 05, 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 Nissou Co (TSE:1444) Overvalued in 2026?

Based on GuruFocus' analysis, Nissou Co stock appears to be undervalued. The current stock price of 円2,851.00 is trading 9.9% below its estimated GF Value™ of 円3,164.96. GuruFocus considers Nissou Co to be Modestly Undervalued.

Key valuation signals for TSE:1444:

  • Altman Z-Score: 3.89 (43% below median its 10-year median of 6.77)
  • GF Value™: 円3,164.96 vs. price of 円2,851.00 (9.9% below fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 74.4% above the Homebuilding & Construction median (#20 of 89)

No single metric tells the full story. See the TSE:1444 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nissou Co Business Description

Address 1-8-17 Kyodo Setagaya-ku, Tokyo, JPN, 156-0052
Nissou Co Ltd is engaged in the provision of renovation works contracting services. The company offers its services under three categories. Construction restoration work services are mainly done in the interior work that occurs when the lessee is replaced. Its vacancy countermeasure renovation services allow the lessee to take advantage of renovation to the owner who suffers from vacancies. The company's renovation work service is a construction that drives to vacancy and rent-up countermeasures. In addition, it also renders indoor cleaning services after leaving the lessee.
81GF Score

Get the complete analysis for TSE:1444

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

円2,851.00
Price
円3,164.96
GF Value