Takizawa Ham Co (TSE:2293) Altman Z-Score: 2.55 (As of Jul. 04, 2026) — Near Median


TSE:2293 Takizawa Ham Co Ltd TSE:2293
54 GF Score
Price 円2,673.00
GF Value 円2,786.84
Valuation Fairly Valued
! 6 Warning Signs
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What is Takizawa Ham Co Altman Z-Score?

Takizawa Ham Co TSE:2293 +0.41% 54 Altman Z-Score is 2.55 as of Jul. 04, 2026, which is 9% below its 10-year median of 2.79. GuruFocus rates TSE:2293 with a GF Score™ of 54/100 and a GF Value™ of 円2,786.84 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,928 Consumer Packaged Goods companies, Takizawa Ham Co ranks worse than 55.29% 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.

Warning Sign:

Altman Z-score of 2.55 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Takizawa Ham Co has a Altman Z-Score of 2.55, indicating it is in Grey Zones. This implies that Takizawa Ham Co is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Takizawa Ham Co's Altman Z-Score or its related term are showing as below:

TSE:2293' s Altman Z-Score Range Over the Past 10 Years
Min: 2.55   Med: 2.79   Max: 3.06
Current: 2.55

During the past 13 years, Takizawa Ham Co's highest Altman Z-Score was 3.06. The lowest was 2.55. And the median was 2.79.


Takizawa Ham Co  (TSE:2293) 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.


Takizawa Ham Co Altman Z-Score Related Terms


Takizawa Ham Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Takizawa Ham 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.

Takizawa Ham Co Altman Z-Score Chart

Takizawa Ham Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.80 2.83 2.66 2.60 2.56

Takizawa Ham 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 2.66 2.23 2.60 0.00 2.56

TSE:2293 vs KHC, GIS: Altman Z-Score Comparison

For the Packaged Foods subindustry, Takizawa Ham 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.


Takizawa Ham Co Altman Z-Score vs Consumer Packaged Goods Industry

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

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


TSE:2293
54GF Score
Takizawa Ham Co Ltd TSE:2293
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Takizawa Ham 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.

Takizawa Ham 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*-0.0652+1.4*0.0654+3.3*-0.0121+0.6*0.629+1.0*2.2018
=2.55

* 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12,065 Mil.
Total Current Assets was 円5,973 Mil.
Total Current Liabilities was 円6,760 Mil.
Retained Earnings was 円789 Mil.
Pre-Tax Income was 円-213 Mil.
Interest Expense was 円-67 Mil.
Revenue was 円26,565 Mil.
Market Cap (Today) was 円5,489 Mil.
Total Liabilities was 円8,727 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
=(5973.476 - 6760.177)/12065.197
=-0.0652

X2=Retained Earnings/Total Assets
=788.53/12065.197
=0.0654

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-213.415 - -67.237)/12065.197
=-0.0121

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=5489.088/8726.892
=0.629

X5=Revenue/Total Assets
=26565.217/12065.197
=2.2018

The zones of discrimination were as such:

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

Takizawa Ham Co has a Altman Z-Score of 2.55 indicating it is in Grey 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 2.55 mean?
Takizawa Ham Co (TSE:2293) has a Altman Z-Score of 2.55 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Takizawa Ham Co and its competitors. This is near median its historical median of 2.79. Over the past decade, Takizawa Ham Co's Altman Z-Score has ranged from 2.55 to 3.06. According to the industry distribution chart, Takizawa Ham Co ranks #1066 out of 1928 companies in the Consumer Packaged Goods industry, placing it in the top 55.3%.
Is Takizawa Ham Co's Altman Z-Score too high?
Takizawa Ham Co's current Altman Z-Score of 2.55 is near median its 10-year median of 2.79. Over the past 10 years, this metric has ranged from a low of 2.55 to a high of 3.06. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. Takizawa Ham Co's value of 2.55 is 9.9% below this industry median. Based on the distribution chart, Takizawa Ham Co ranks #1066 out of 1928 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Takizawa Ham Co has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Takizawa Ham Co's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Takizawa Ham Co ranks #1066 out of 1928 companies for Altman Z-Score. This places Takizawa Ham Co in the lower half of its industry. The industry median Altman Z-Score is 2.83. Takizawa Ham Co's value of 2.55 is 9.9% below this benchmark. Historically, Takizawa Ham Co's own Altman Z-Score has ranged from 2.55 to 3.06 over the past decade. While the company's 10-year median is 2.79 vs. the industry median of 2.83, Takizawa Ham Co has consistently been below 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 2.83, based on 1,928 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. Takizawa Ham Co's current Altman Z-Score of 2.55 is 9.9% below 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 Takizawa Ham Co and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Takizawa Ham Co's current Altman Z-Score is 2.55, which is near median its own 10-year median of 2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Takizawa Ham Co stock overvalued right now?
Based on GuruFocus' analysis, Takizawa Ham Co (TSE:2293) is currently considered Fairly Valued. The stock's GF Value™ is 円2,786.84, compared to a current price of 円2,673.00 — trading 4.1% below its estimated fair value. The current Altman Z-Score is 2.55, which is near median its 10-year median of 2.79 and 9.9% below the Consumer Packaged Goods industry median of 2.83. Takizawa Ham Co's overall GF Score™ is 54/100 with 6 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 Takizawa Ham Co (TSE:2293), the current Altman Z-Score is 2.55 as of Jul. 04, 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 Takizawa Ham Co (TSE:2293) Overvalued in 2026?

Based on GuruFocus' analysis, Takizawa Ham Co stock appears to be undervalued. The current stock price of 円2,673.00 is trading 4.1% below its estimated GF Value™ of 円2,786.84. GuruFocus considers Takizawa Ham Co to be Fairly Valued.

Key valuation signals for TSE:2293:

  • Altman Z-Score: 2.55 (near median its 10-year median of 2.79)
  • GF Value™: 円2,786.84 vs. price of 円2,673.00 (4.1% below fair value)
  • GF Score™: 54/100 with 6 warning signs
  • Industry Position: 9.9% below the Consumer Packaged Goods median (#1066 of 1928)

No single metric tells the full story. See the TSE:2293 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Takizawa Ham Co Business Description

Address 559-1, town Toinokuchi, Tochigi, JPN, 328-8586
Takizawa Ham Co Ltd is engaged in the manufacturing and sale of processed meat products, beef and domestic cattle fattening, beef and pork processing, meat general sales, and development of meat shop.
54GF Score

Get the complete analysis for TSE:2293

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

円2,673.00
Price
円2,786.84
GF Value