Shinnihonseiyaku Co (TSE:4931) Altman Z-Score: 8.26 (As of Jul. 16, 2026) — 11% Above Median

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TSE:4931 Shinnihonseiyaku Co Ltd TSE:4931
86 GF Score
Price 円2,033.00
GF Value 円2,040.30
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Shinnihonseiyaku Co Altman Z-Score?

Shinnihonseiyaku Co TSE:4931 +0.25% 86 Altman Z-Score is 8.26 as of Jul. 16, 2026, which is 11% above its 10-year median of 7.44. GuruFocus rates TSE:4931 with a GF Score™ of 86/100 and a GF Value™ of 円2,040.30 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,114 Retail - Cyclical companies, Shinnihonseiyaku Co ranks better than 89.86% 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 8.22 is strong.

Shinnihonseiyaku Co has a Altman Z-Score of 8.26, 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 Shinnihonseiyaku Co's Altman Z-Score or its related term are showing as below:

TSE:4931' s Altman Z-Score Range Over the Past 10 Years
Min: 5.78   Med: 7.44   Max: 9.64
Current: 8.22

During the past 9 years, Shinnihonseiyaku Co's highest Altman Z-Score was 9.64. The lowest was 5.78. And the median was 7.44.


Shinnihonseiyaku Co  (TSE:4931) 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.


Shinnihonseiyaku Co Altman Z-Score Related Terms


Shinnihonseiyaku Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Shinnihonseiyaku 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.

Shinnihonseiyaku Co Altman Z-Score Chart

Shinnihonseiyaku Co Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only 6.60 6.62 6.72 7.57 8.86

Shinnihonseiyaku Co Semi-Annual Data
Sep17 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 7.66 7.57 8.52 8.86 0.00

TSE:4931 vs CASY, WSM, DKS: Altman Z-Score Comparison

For the Specialty Retail subindustry, Shinnihonseiyaku 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.


Shinnihonseiyaku Co Altman Z-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shinnihonseiyaku Co's Altman Z-Score distribution charts can be found below:

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


TSE:4931
86GF Score
Shinnihonseiyaku Co Ltd TSE:4931
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shinnihonseiyaku 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.

Shinnihonseiyaku 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*0.6782+1.4*0.5506+3.3*0.1458+0.6*7.8921+1.0*1.4562
=8.26

* 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 Sep. 2025:
Total Assets was 円28,251 Mil.
Total Current Assets was 円24,020 Mil.
Total Current Liabilities was 円4,860 Mil.
Retained Earnings was 円15,554 Mil.
Pre-Tax Income was 円4,118 Mil.
Interest Expense was 円-1 Mil.
Revenue was 円41,140 Mil.
Market Cap (Today) was 円42,964 Mil.
Total Liabilities was 円5,444 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
=(24020 - 4860)/28251
=0.6782

X2=Retained Earnings/Total Assets
=15554/28251
=0.5506

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(4118 - -1)/28251
=0.1458

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=42964.336/5444
=7.8921

X5=Revenue/Total Assets
=41140/28251
=1.4562

The zones of discrimination were as such:

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

Shinnihonseiyaku Co has a Altman Z-Score of 8.26 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 8.26 mean?
Shinnihonseiyaku Co (TSE:4931) has a Altman Z-Score of 8.26 as of Jul. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Shinnihonseiyaku Co and its competitors. This is 11% above median its historical median of 7.44. Over the past decade, Shinnihonseiyaku Co's Altman Z-Score has ranged from 5.78 to 9.64. According to the industry distribution chart, Shinnihonseiyaku Co ranks #113 out of 1114 companies in the Retail - Cyclical industry, placing it in the top 10.1%.
Is Shinnihonseiyaku Co's Altman Z-Score too high?
Shinnihonseiyaku Co's current Altman Z-Score of 8.26 is 11% above median its 10-year median of 7.44. Over the past 10 years, this metric has ranged from a low of 5.78 to a high of 9.64. The Retail - Cyclical industry median Altman Z-Score is 2.75. Shinnihonseiyaku Co's value of 8.26 is 200.4% above this industry median. Based on the distribution chart, Shinnihonseiyaku Co ranks #113 out of 1114 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Shinnihonseiyaku Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shinnihonseiyaku Co's Altman Z-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Shinnihonseiyaku Co ranks #113 out of 1114 companies for Altman Z-Score. This places Shinnihonseiyaku Co in the top 10% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.75. Shinnihonseiyaku Co's value of 8.26 is 200.4% above this benchmark. Historically, Shinnihonseiyaku Co's own Altman Z-Score has ranged from 5.78 to 9.64 over the past decade. While the company's 10-year median is 7.44 vs. the industry median of 2.75, Shinnihonseiyaku 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 Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.75, based on 1,114 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. Shinnihonseiyaku Co's current Altman Z-Score of 8.26 is 200.4% 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 Shinnihonseiyaku Co and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinnihonseiyaku Co's current Altman Z-Score is 8.26, which is 11% above median its own 10-year median of 7.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinnihonseiyaku Co stock overvalued right now?
Based on GuruFocus' analysis, Shinnihonseiyaku Co (TSE:4931) is currently considered Fairly Valued. The stock's GF Value™ is 円2,040.30, compared to a current price of 円2,033.00 — trading 0.4% below its estimated fair value. The current Altman Z-Score is 8.26, which is 11% above median its 10-year median of 7.44 and 200.4% above the Retail - Cyclical industry median of 2.75. Shinnihonseiyaku Co's overall GF Score™ is 86/100 with 1 warning sign 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 Shinnihonseiyaku Co (TSE:4931), the current Altman Z-Score is 8.26 as of Jul. 16, 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 Shinnihonseiyaku Co (TSE:4931) Overvalued in 2026?

Based on GuruFocus' analysis, Shinnihonseiyaku Co stock appears to be undervalued. The current stock price of 円2,033.00 is trading 0.4% below its estimated GF Value™ of 円2,040.30. GuruFocus considers Shinnihonseiyaku Co to be Fairly Valued.

Key valuation signals for TSE:4931:

  • Altman Z-Score: 8.26 (11% above median its 10-year median of 7.44)
  • GF Value™: 円2,040.30 vs. price of 円2,033.00 (0.4% below fair value)
  • GF Score™: 86/100 with 1 warning sign
  • Industry Position: 200.4% above the Retail - Cyclical median (#113 of 1114)

No single metric tells the full story. See the TSE:4931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shinnihonseiyaku Co Business Description

Address Chuo-ku Otemon 1-Chome 4-7, Fukuoka City, JPN, 810-0074
Shinnihonseiyaku Co Ltd is a Japanese based company involved in the business of cosmetics, medicines and health foods. It operates under one brand name such as Perfect One under Cosmetics business, It offers medicines for warts and rough skin also curing sudden muscle spasms.
86GF Score

Get the complete analysis for TSE:4931

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

円2,033.00
Price
円2,040.30
GF Value