KOKUSAI Co (TSE:7722) Altman Z-Score: 3.11 (As of Jul. 03, 2026) — Near Median


TSE:7722 KOKUSAI Co Ltd TSE:7722
70 GF Score
Price 円775.00
GF Value 円784.50
Valuation Fairly Valued
View Full Analysis

What is KOKUSAI Co Altman Z-Score?

KOKUSAI Co TSE:7722 -0.13% 70 Altman Z-Score is 3.11 as of Jul. 03, 2026, which is 9% above its 10-year median of 2.85. GuruFocus rates TSE:7722 with a GF Score™ of 70/100 and a GF Value™ of 円784.50 (Fairly Valued). Among 3,007 Industrial Products companies, KOKUSAI Co ranks worse than 54.31% 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 3.11 is strong.

KOKUSAI Co has a Altman Z-Score of 3.11, 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 KOKUSAI Co's Altman Z-Score or its related term are showing as below:

TSE:7722' s Altman Z-Score Range Over the Past 10 Years
Min: 2.01   Med: 2.85   Max: 3.62
Current: 3.11

During the past 13 years, KOKUSAI Co's highest Altman Z-Score was 3.62. The lowest was 2.01. And the median was 2.85.


KOKUSAI Co  (TSE:7722) 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.


KOKUSAI Co Altman Z-Score Related Terms


KOKUSAI Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for KOKUSAI 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.

KOKUSAI Co Altman Z-Score Chart

KOKUSAI 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 2.86 2.14 2.01 2.51 3.14

KOKUSAI 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 2.01 1.84 2.51 0.00 3.14

TSE:7722 vs GEV, ETN, PH: Altman Z-Score Comparison

For the Specialty Industrial Machinery subindustry, KOKUSAI 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.


KOKUSAI Co Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, KOKUSAI Co's Altman Z-Score distribution charts can be found below:

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


TSE:7722
70GF Score
KOKUSAI Co Ltd TSE:7722
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KOKUSAI 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.

KOKUSAI 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*0.474+1.4*0.4769+3.3*0.1087+0.6*1.3321+1.0*0.7186
=3.11

* 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20,801 Mil.
Total Current Assets was 円15,995 Mil.
Total Current Liabilities was 円6,135 Mil.
Retained Earnings was 円9,920 Mil.
Pre-Tax Income was 円2,239 Mil.
Interest Expense was 円-22 Mil.
Revenue was 円14,948 Mil.
Market Cap (Today) was 円10,442 Mil.
Total Liabilities was 円7,839 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
=(15994.616 - 6134.832)/20800.821
=0.474

X2=Retained Earnings/Total Assets
=9920.358/20800.821
=0.4769

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2239.253 - -21.82)/20800.821
=0.1087

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=10442.479/7839.186
=1.3321

X5=Revenue/Total Assets
=14948.36/20800.821
=0.7186

The zones of discrimination were as such:

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

KOKUSAI Co has a Altman Z-Score of 3.11 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 3.11 mean?
KOKUSAI Co (TSE:7722) has a Altman Z-Score of 3.11 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on KOKUSAI Co and its competitors. This is near median its historical median of 2.85. Over the past decade, KOKUSAI Co's Altman Z-Score has ranged from 2.01 to 3.62. According to the industry distribution chart, KOKUSAI Co ranks #1633 out of 3007 companies in the Industrial Products industry, placing it in the top 54.3%.
Is KOKUSAI Co's Altman Z-Score too high?
KOKUSAI Co's current Altman Z-Score of 3.11 is near median its 10-year median of 2.85. Over the past 10 years, this metric has ranged from a low of 2.01 to a high of 3.62. The Industrial Products industry median Altman Z-Score is 3.35. KOKUSAI Co's value of 3.11 is 7.2% below this industry median. Based on the distribution chart, KOKUSAI Co ranks #1633 out of 3007 companies in the Industrial Products industry, which is below the industry midpoint. Overall, KOKUSAI Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KOKUSAI Co's Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, KOKUSAI Co ranks #1633 out of 3007 companies for Altman Z-Score. This places KOKUSAI Co in the lower half of its industry. The industry median Altman Z-Score is 3.35. KOKUSAI Co's value of 3.11 is 7.2% below this benchmark. Historically, KOKUSAI Co's own Altman Z-Score has ranged from 2.01 to 3.62 over the past decade. While the company's 10-year median is 2.85 vs. the industry median of 3.35, KOKUSAI 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.35, based on 3,007 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. KOKUSAI Co's current Altman Z-Score of 3.11 is 7.2% 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 KOKUSAI Co and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KOKUSAI Co's current Altman Z-Score is 3.11, which is near median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KOKUSAI Co stock overvalued right now?
Based on GuruFocus' analysis, KOKUSAI Co (TSE:7722) is currently considered Fairly Valued. The stock's GF Value™ is 円784.50, compared to a current price of 円775.00 — trading 1.2% below its estimated fair value. The current Altman Z-Score is 3.11, which is near median its 10-year median of 2.85 and 7.2% below the Industrial Products industry median of 3.35. KOKUSAI Co's overall GF Score™ is 70/100. 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 KOKUSAI Co (TSE:7722), the current Altman Z-Score is 3.11 as of Jul. 03, 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 KOKUSAI Co (TSE:7722) Overvalued in 2026?

Based on GuruFocus' analysis, KOKUSAI Co stock appears to be undervalued. The current stock price of 円775.00 is trading 1.2% below its estimated GF Value™ of 円784.50. GuruFocus considers KOKUSAI Co to be Fairly Valued.

Key valuation signals for TSE:7722:

  • Altman Z-Score: 3.11 (near median its 10-year median of 2.85)
  • GF Value™: 円784.50 vs. price of 円775.00 (1.2% below fair value)
  • GF Score™: 70/100
  • Industry Position: 7.2% below the Industrial Products median (#1633 of 3007)

No single metric tells the full story. See the TSE:7722 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KOKUSAI Co Business Description

Address No. 1, No. 21 6-chome Nagayama Tama-ku, Tokyo, JPN, 206-0025
KOKUSAI Co Ltd is a professional manufacturer of test measurement equipment with vibration measurement technology as base technology. The company serves the automobile industry. The product line includes - Dynamic balancing machine, Tire balancer for production line, Balanced compound testing machine, Tire drum type endurance testing machine, Runout measuring machine, Tire balance weight applier, Winding Tester, Gear Tester, Earthquake measurement system, Electric servo motor type vibration test machine, and Dynamic vibration type vibration test machine.
70GF Score

Get the complete analysis for TSE:7722

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

円775.00
Price
円784.50
GF Value