Happinet (TSE:7552) Altman Z-Score: 5.27 (As of Jul. 16, 2026) — Near Median

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TSE:7552 Happinet Corp TSE:7552
87 GF Score
Price 円3,100.00
GF Value 円2,673.34
Valuation Modestly Overvalued
View Full Analysis

What is Happinet Altman Z-Score?

Happinet TSE:7552 -0.80% 87 Altman Z-Score is 5.27 as of Jul. 16, 2026, which is 7% above its 10-year median of 4.94. GuruFocus rates TSE:7552 with a GF Score™ of 87/100 and a GF Value™ of 円2,673.34 (Modestly Overvalued). Among 1,114 Retail - Cyclical companies, Happinet ranks better than 79.8% 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 5.27 is strong.

Happinet has a Altman Z-Score of 5.27, 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 Happinet's Altman Z-Score or its related term are showing as below:

TSE:7552' s Altman Z-Score Range Over the Past 10 Years
Min: 4.36   Med: 4.94   Max: 5.27
Current: 5.27

During the past 13 years, Happinet's highest Altman Z-Score was 5.27. The lowest was 4.36. And the median was 4.94.


Happinet  (TSE:7552) 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.


Happinet Altman Z-Score Related Terms


Happinet Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Happinet'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.

Happinet Altman Z-Score Chart

Happinet 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 5.02 4.98 4.93 5.24 5.14

Happinet 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 5.24 5.12 5.44 4.53 5.14

TSE:7552 vs CASY, WSM, DKS: Altman Z-Score Comparison

For the Specialty Retail subindustry, Happinet'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.


Happinet Altman Z-Score vs Retail - Cyclical Industry

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

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


TSE:7552
87GF Score
Happinet Corp TSE:7552
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Happinet 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.

Happinet'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*0.3099+1.4*0.3769+3.3*0.1087+0.6*1.6038+1.0*3.0489
=5.27

* 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144,003 Mil.
Total Current Assets was 円120,888 Mil.
Total Current Liabilities was 円76,261 Mil.
Retained Earnings was 円54,275 Mil.
Pre-Tax Income was 2137 + 4593 + 4858 + 4067 = 円15,655 Mil.
Interest Expense was 0 + 0 + 0 + 0 = 円0 Mil.
Revenue was 99552 + 143065 + 100508 + 95927 = 円439,052 Mil.
Market Cap (Today) was 円134,269 Mil.
Total Liabilities was 円83,719 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
=(120888 - 76261)/144003
=0.3099

X2=Retained Earnings/Total Assets
=54275/144003
=0.3769

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(15655 - 0)/144003
=0.1087

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=134269.026/83719
=1.6038

X5=Revenue/Total Assets
=439052/144003
=3.0489

The zones of discrimination were as such:

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

Happinet has a Altman Z-Score of 5.27 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 5.27 mean?
Happinet (TSE:7552) has a Altman Z-Score of 5.27 as of Jul. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Happinet and its competitors. This is near median its historical median of 4.94. Over the past decade, Happinet's Altman Z-Score has ranged from 4.36 to 5.27. According to the industry distribution chart, Happinet ranks #225 out of 1114 companies in the Retail - Cyclical industry, placing it in the top 20.2%.
Is Happinet's Altman Z-Score too high?
Happinet's current Altman Z-Score of 5.27 is near median its 10-year median of 4.94. Over the past 10 years, this metric has ranged from a low of 4.36 to a high of 5.27. The Retail - Cyclical industry median Altman Z-Score is 2.75. Happinet's value of 5.27 is 91.6% above this industry median. Based on the distribution chart, Happinet ranks #225 out of 1114 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Happinet has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Happinet's Altman Z-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Happinet ranks #225 out of 1114 companies for Altman Z-Score. This places Happinet in the top 20% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.75. Happinet's value of 5.27 is 91.6% above this benchmark. Historically, Happinet's own Altman Z-Score has ranged from 4.36 to 5.27 over the past decade. While the company's 10-year median is 4.94 vs. the industry median of 2.75, Happinet 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. Happinet's current Altman Z-Score of 5.27 is 91.6% 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 Happinet 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. Happinet's current Altman Z-Score is 5.27, which is near median its own 10-year median of 4.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happinet stock overvalued right now?
Based on GuruFocus' analysis, Happinet (TSE:7552) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,673.34, compared to a current price of 円3,100.00 — trading 16% above its estimated fair value. The current Altman Z-Score is 5.27, which is near median its 10-year median of 4.94 and 91.6% above the Retail - Cyclical industry median of 2.75. Happinet's overall GF Score™ is 87/100. 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 Happinet (TSE:7552), the current Altman Z-Score is 5.27 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 Happinet (TSE:7552) Overvalued in 2026?

Based on GuruFocus' analysis, Happinet stock appears to be overvalued. The current stock price of 円3,100.00 is trading 16% above its estimated GF Value™ of 円2,673.34. GuruFocus considers Happinet to be Modestly Overvalued.

Key valuation signals for TSE:7552:

  • Altman Z-Score: 5.27 (near median its 10-year median of 4.94)
  • GF Value™: 円2,673.34 vs. price of 円3,100.00 (16% above fair value)
  • GF Score™: 87/100
  • Industry Position: 91.6% above the Retail - Cyclical median (#225 of 1114)

No single metric tells the full story. See the TSE:7552 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Happinet Business Description

Address 2-4-5, Komagata, Komagata CA Building, Taito-ku, Tokyo, JPN, 111-0043
Happinet Corp is engaged in the distribution of toys in the Japanese market. It operates through five business segments namely Toy, Visual and Music, Video Game, Amusement and Logistics Function. In addition, it plans, manufactures, and sells toys; and plans develops, and sells audio-visual software and video game hardware and software. Business activity is of the group is primarily functioned through Japan and it derives the majority its revenue through Toy segment.
87GF Score

Get the complete analysis for TSE:7552

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

円3,100.00
Price
円2,673.34
GF Value