Itoham Yonekyu Holdings (TSE:2296) Altman Z-Score: 3.67 (As of Jul. 14, 2026) — Near Median

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TSE:2296 Itoham Yonekyu Holdings Inc TSE:2296
69 GF Score
Price 円4,855.00
GF Value 円4,660.11
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Itoham Yonekyu Holdings Altman Z-Score?

Itoham Yonekyu Holdings TSE:2296 +0.41% 69 Altman Z-Score is 3.67 as of Jul. 14, 2026, which is 4% below its 10-year median of 3.82. GuruFocus rates TSE:2296 with a GF Score™ of 69/100 and a GF Value™ of 円4,660.11 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,932 Consumer Packaged Goods companies, Itoham Yonekyu Holdings ranks better than 63.51% 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 3.66 is strong.

Itoham Yonekyu Holdings has a Altman Z-Score of 3.67, 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 Itoham Yonekyu Holdings's Altman Z-Score or its related term are showing as below:

TSE:2296' s Altman Z-Score Range Over the Past 10 Years
Min: 3.64   Med: 3.82   Max: 4.16
Current: 3.66

During the past 10 years, Itoham Yonekyu Holdings's highest Altman Z-Score was 4.16. The lowest was 3.64. And the median was 3.82.


Itoham Yonekyu Holdings  (TSE:2296) 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.


Itoham Yonekyu Holdings Altman Z-Score Related Terms


Itoham Yonekyu Holdings Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Itoham Yonekyu Holdings'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.

Itoham Yonekyu Holdings Altman Z-Score Chart

Itoham Yonekyu Holdings 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 3.83 3.75 3.75 3.85 3.80

Itoham Yonekyu Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 3.85 3.96 4.18 3.52 3.80

TSE:2296 vs KHC, GIS: Altman Z-Score Comparison

For the Packaged Foods subindustry, Itoham Yonekyu Holdings'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.


Itoham Yonekyu Holdings Altman Z-Score vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Itoham Yonekyu Holdings's Altman Z-Score falls into.


TSE:2296
69GF Score
Itoham Yonekyu Holdings Inc TSE:2296
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Itoham Yonekyu Holdings 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.

Itoham Yonekyu Holdings'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*0.2478+1.4*0.2914+3.3*0.0609+0.6*1.1971+1.0*2.0418
=3.67

* 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524,726 Mil.
Total Current Assets was 円311,427 Mil.
Total Current Liabilities was 円181,418 Mil.
Retained Earnings was 円152,889 Mil.
Pre-Tax Income was 6233 + 9576 + 4606 + 9143 = 円29,558 Mil.
Interest Expense was -531 + -450 + -452 + -981 = 円-2,414 Mil.
Revenue was 251365 + 277654 + 245252 + 297110 = 円1,071,381 Mil.
Market Cap (Today) was 円274,389 Mil.
Total Liabilities was 円229,217 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
=(311427 - 181418)/524726
=0.2478

X2=Retained Earnings/Total Assets
=152889/524726
=0.2914

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(29558 - -2414)/524726
=0.0609

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=274389.016/229217
=1.1971

X5=Revenue/Total Assets
=1071381/524726
=2.0418

The zones of discrimination were as such:

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

Itoham Yonekyu Holdings has a Altman Z-Score of 3.67 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 3.67 mean?
Itoham Yonekyu Holdings (TSE:2296) has a Altman Z-Score of 3.67 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Itoham Yonekyu Holdings and its competitors. This is near median its historical median of 3.82. Over the past decade, Itoham Yonekyu Holdings' Altman Z-Score has ranged from 3.64 to 4.16. According to the industry distribution chart, Itoham Yonekyu Holdings ranks #705 out of 1932 companies in the Consumer Packaged Goods industry, placing it in the top 36.5%.
Is Itoham Yonekyu Holdings' Altman Z-Score too high?
Itoham Yonekyu Holdings' current Altman Z-Score of 3.67 is near median its 10-year median of 3.82. Over the past 10 years, this metric has ranged from a low of 3.64 to a high of 4.16. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. Itoham Yonekyu Holdings' value of 3.67 is 28.8% above this industry median. Based on the distribution chart, Itoham Yonekyu Holdings ranks #705 out of 1932 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Itoham Yonekyu Holdings has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Itoham Yonekyu Holdings' Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Itoham Yonekyu Holdings ranks #705 out of 1932 companies for Altman Z-Score. This puts Itoham Yonekyu Holdings in the upper half of its industry. The industry median Altman Z-Score is 2.85. Itoham Yonekyu Holdings' value of 3.67 is 28.8% above this benchmark. Historically, Itoham Yonekyu Holdings' own Altman Z-Score has ranged from 3.64 to 4.16 over the past decade. While the company's 10-year median is 3.82 vs. the industry median of 2.85, Itoham Yonekyu Holdings 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 1,932 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. Itoham Yonekyu Holdings's current Altman Z-Score of 3.67 is 28.8% 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 Itoham Yonekyu Holdings 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. Itoham Yonekyu Holdings's current Altman Z-Score is 3.67, which is near median its own 10-year median of 3.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itoham Yonekyu Holdings stock overvalued right now?
Based on GuruFocus' analysis, Itoham Yonekyu Holdings (TSE:2296) is currently considered Fairly Valued. The stock's GF Value™ is 円4,660.11, compared to a current price of 円4,855.00 — trading 4.2% above its estimated fair value. The current Altman Z-Score is 3.67, which is near median its 10-year median of 3.82 and 28.8% above the Consumer Packaged Goods industry median of 2.85. Itoham Yonekyu Holdings' overall GF Score™ is 69/100 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 Itoham Yonekyu Holdings (TSE:2296), the current Altman Z-Score is 3.67 as of Jul. 14, 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 Itoham Yonekyu Holdings (TSE:2296) Overvalued in 2026?

Based on GuruFocus' analysis, Itoham Yonekyu Holdings stock appears to be overvalued. The current stock price of 円4,855.00 is trading 4.2% above its estimated GF Value™ of 円4,660.11. GuruFocus considers Itoham Yonekyu Holdings to be Fairly Valued.

Key valuation signals for TSE:2296:

  • Altman Z-Score: 3.67 (near median its 10-year median of 3.82)
  • GF Value™: 円4,660.11 vs. price of 円4,855.00 (4.2% above fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 28.8% above the Consumer Packaged Goods median (#705 of 1932)

No single metric tells the full story. See the TSE:2296 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Itoham Yonekyu Holdings Business Description

Address 1-6-21 Mita, Meguro-ku, Tokyo, JPN
Itoham Yonekyu Holdings Inc is a holding company operating in the food industry. The company through its subsidiaries engages in the manufacture and sale of processed meat products, processing, and sale of meat products and manufacture and sale of processed/precooked food products. Its meat products include ham, sausages, meatballs, and other processed meat products.
69GF Score

Get the complete analysis for TSE:2296

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

円4,855.00
Price
円4,660.11
GF Value