Kuriyama Holdings (TSE:3355) Altman Z-Score: 2.12 (As of Jul. 14, 2026) — 23% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3355 Kuriyama Holdings Corp TSE:3355
71 GF Score
Price 円1,617.00
GF Value 円823.61
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Kuriyama Holdings Altman Z-Score?

Kuriyama Holdings TSE:3355 +1.00% 71 Altman Z-Score is 2.12 as of Jul. 14, 2026, which is 23% below its 10-year median of 2.75. GuruFocus rates TSE:3355 with a GF Score™ of 71/100 and a GF Value™ of 円823.61 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 155 Industrial Distribution companies, Kuriyama Holdings ranks worse than 74.84% 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 2.11 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.

Kuriyama Holdings has a Altman Z-Score of 2.12, indicating it is in Grey Zones. This implies that Kuriyama Holdings 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 Kuriyama Holdings's Altman Z-Score or its related term are showing as below:

TSE:3355' s Altman Z-Score Range Over the Past 10 Years
Min: 2.1   Med: 2.75   Max: 3.15
Current: 2.11

During the past 13 years, Kuriyama Holdings's highest Altman Z-Score was 3.15. The lowest was 2.10. And the median was 2.75.


Kuriyama Holdings  (TSE:3355) 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.


Kuriyama Holdings Altman Z-Score Related Terms


Kuriyama Holdings Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Kuriyama 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.

Kuriyama Holdings Altman Z-Score Chart

Kuriyama Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.15 2.80 3.02 2.80 2.10

Kuriyama Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 2.49 2.45 2.15 2.10 2.19

TSE:3355 vs GWW, FAST, FERG: Altman Z-Score Comparison

For the Industrial Distribution subindustry, Kuriyama 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.


Kuriyama Holdings Altman Z-Score vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Kuriyama Holdings's Altman Z-Score distribution charts can be found below:

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


TSE:3355
71GF Score
Kuriyama Holdings Corp TSE:3355
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kuriyama 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.

Kuriyama 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*0.3458+1.4*0.4227+3.3*0.0386+0.6*0.7616+1.0*0.5249
=2.12

* 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91,988 Mil.
Total Current Assets was 円54,136 Mil.
Total Current Liabilities was 円22,324 Mil.
Retained Earnings was 円38,882 Mil.
Pre-Tax Income was 1419.084 + 0 + 0 + 1967.369 = 円3,386 Mil.
Interest Expense was -100.125 + 0 + 0 + -60.508 = 円-161 Mil.
Revenue was 25643.331 + 0 + 0 + 22645.507 = 円48,289 Mil.
Market Cap (Today) was 円31,887 Mil.
Total Liabilities was 円41,867 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
=(54135.927 - 22323.765)/91987.833
=0.3458

X2=Retained Earnings/Total Assets
=38882.331/91987.833
=0.4227

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(3386.453 - -160.633)/91987.833
=0.0386

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=31887.106/41866.999
=0.7616

X5=Revenue/Total Assets
=48288.838/91987.833
=0.5249

The zones of discrimination were as such:

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

Kuriyama Holdings has a Altman Z-Score of 2.12 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 2.12 mean?
Kuriyama Holdings (TSE:3355) has a Altman Z-Score of 2.12 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kuriyama Holdings and its competitors. This is 23% below median its historical median of 2.75. Over the past decade, Kuriyama Holdings' Altman Z-Score has ranged from 2.10 to 3.15. According to the industry distribution chart, Kuriyama Holdings ranks #116 out of 155 companies in the Industrial Distribution industry, placing it in the top 74.8%.
Is Kuriyama Holdings' Altman Z-Score too high?
Kuriyama Holdings' current Altman Z-Score of 2.12 is 23% below median its 10-year median of 2.75. Over the past 10 years, this metric has ranged from a low of 2.10 to a high of 3.15. The Industrial Distribution industry median Altman Z-Score is 3.24. Kuriyama Holdings' value of 2.12 is 34.6% below this industry median. Based on the distribution chart, Kuriyama Holdings ranks #116 out of 155 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Kuriyama Holdings has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kuriyama Holdings' Altman Z-Score compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Kuriyama Holdings ranks #116 out of 155 companies for Altman Z-Score. This places Kuriyama Holdings in the lower half of its industry. The industry median Altman Z-Score is 3.24. Kuriyama Holdings' value of 2.12 is 34.6% below this benchmark. Historically, Kuriyama Holdings' own Altman Z-Score has ranged from 2.10 to 3.15 over the past decade. While the company's 10-year median is 2.75 vs. the industry median of 3.24, Kuriyama Holdings 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 an Industrial Distribution company?
The median Altman Z-Score among Industrial Distribution companies is 3.24, based on 155 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. Kuriyama Holdings's current Altman Z-Score of 2.12 is 34.6% 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 Kuriyama Holdings and its competitors. For the Industrial Distribution industry, the median Altman Z-Score is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kuriyama Holdings's current Altman Z-Score is 2.12, which is 23% below median its own 10-year median of 2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuriyama Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kuriyama Holdings (TSE:3355) is currently considered Significantly Overvalued. The stock's GF Value™ is 円823.61, compared to a current price of 円1,617.00 — trading 96.3% above its estimated fair value. The current Altman Z-Score is 2.12, which is 23% below median its 10-year median of 2.75 and 34.6% below the Industrial Distribution industry median of 3.24. Kuriyama Holdings' overall GF Score™ is 71/100 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 Kuriyama Holdings (TSE:3355), the current Altman Z-Score is 2.12 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 Kuriyama Holdings (TSE:3355) Overvalued in 2026?

Based on GuruFocus' analysis, Kuriyama Holdings stock appears to be overvalued. The current stock price of 円1,617.00 is trading 96.3% above its estimated GF Value™ of 円823.61. GuruFocus considers Kuriyama Holdings to be Significantly Overvalued.

Key valuation signals for TSE:3355:

  • Altman Z-Score: 2.12 (23% below median its 10-year median of 2.75)
  • GF Value™: 円823.61 vs. price of 円1,617.00 (96.3% above fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 34.6% below the Industrial Distribution median (#116 of 155)

No single metric tells the full story. See the TSE:3355 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kuriyama Holdings Business Description

Address 1-3-7 Shiromi, Chuo-ku, Matsushita IMP Building 25th Floor, Cyuo-Ku, Osaka, JPN, 540-6325
Kuriyama Holdings Corp specializes mainly in the sale and application of rubber and plastic components for corporate customers not only in Japan but also overseas. It is engaged in the manufacture, sale, and construction of materials for industrial, construction, and sports facilities, mainly made of rubber and synthetic resin products. The segments of the company are: North American, Business Industrial Materials Business, Sports and construction materials business, European, South American, and Oceania operations; and Other businesses.
71GF Score

Get the complete analysis for TSE:3355

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

円1,617.00
Price
円823.61
GF Value