Nihon Seimitsu Co (TSE:7771) Altman Z-Score: 2.38 (As of Jul. 07, 2026) — 131% Above Median


TSE:7771 Nihon Seimitsu Co Ltd TSE:7771
45 GF Score
Price 円311.00
GF Value 円93.81
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Nihon Seimitsu Co Altman Z-Score?

Nihon Seimitsu Co TSE:7771 +0.65% 45 Altman Z-Score is 2.38 as of Jul. 07, 2026, which is 131% above its 10-year median of 1.03. GuruFocus rates TSE:7771 with a GF Score™ of 45/100 and a GF Value™ of 円93.81 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,113 Retail - Cyclical companies, Nihon Seimitsu Co ranks worse than 58.13% 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 2.38 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.

Nihon Seimitsu Co has a Altman Z-Score of 2.38, indicating it is in Grey Zones. This implies that Nihon Seimitsu Co 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 Nihon Seimitsu Co's Altman Z-Score or its related term are showing as below:

TSE:7771' s Altman Z-Score Range Over the Past 10 Years
Min: 0.08   Med: 1.03   Max: 2.71
Current: 2.38

During the past 13 years, Nihon Seimitsu Co's highest Altman Z-Score was 2.71. The lowest was 0.08. And the median was 1.03.


Nihon Seimitsu Co  (TSE:7771) 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.


Nihon Seimitsu Co Altman Z-Score Related Terms


Nihon Seimitsu Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Nihon Seimitsu 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.

Nihon Seimitsu Co Altman Z-Score Chart

Nihon Seimitsu 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 0.41 0.95 1.06 1.00 2.71

Nihon Seimitsu 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 1.06 0.74 1.00 0.00 2.71

TSE:7771 vs TPR: Altman Z-Score Comparison

For the Luxury Goods subindustry, Nihon Seimitsu 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.


Nihon Seimitsu Co Altman Z-Score vs Retail - Cyclical Industry

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

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


TSE:7771
45GF Score
Nihon Seimitsu Co Ltd TSE:7771
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nihon Seimitsu 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.

Nihon Seimitsu 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*0.0289+1.4*-0.2978+3.3*0.1002+0.6*1.8728+1.0*1.3118
=2.38

* 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6,019 Mil.
Total Current Assets was 円3,562 Mil.
Total Current Liabilities was 円3,388 Mil.
Retained Earnings was 円-1,792 Mil.
Pre-Tax Income was 円535 Mil.
Interest Expense was 円-69 Mil.
Revenue was 円7,896 Mil.
Market Cap (Today) was 円7,455 Mil.
Total Liabilities was 円3,981 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
=(3561.77 - 3387.89)/6018.971
=0.0289

X2=Retained Earnings/Total Assets
=-1792.209/6018.971
=-0.2978

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(534.575 - -68.672)/6018.971
=0.1002

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=7454.749/3980.533
=1.8728

X5=Revenue/Total Assets
=7895.825/6018.971
=1.3118

The zones of discrimination were as such:

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

Nihon Seimitsu Co has a Altman Z-Score of 2.38 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 2.38 mean?
Nihon Seimitsu Co (TSE:7771) has a Altman Z-Score of 2.38 as of Jul. 07, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Nihon Seimitsu Co and its competitors. This is 131% above median its historical median of 1.03. Over the past decade, Nihon Seimitsu Co's Altman Z-Score has ranged from 0.08 to 2.71. According to the industry distribution chart, Nihon Seimitsu Co ranks #647 out of 1113 companies in the Retail - Cyclical industry, placing it in the top 58.1%.
Is Nihon Seimitsu Co's Altman Z-Score too high?
Nihon Seimitsu Co's current Altman Z-Score of 2.38 is 131% above median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 2.71. The Retail - Cyclical industry median Altman Z-Score is 2.74. Nihon Seimitsu Co's value of 2.38 is 13.1% below this industry median. Based on the distribution chart, Nihon Seimitsu Co ranks #647 out of 1113 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Nihon Seimitsu Co has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Seimitsu Co's Altman Z-Score compare to TPR?
According to the Retail - Cyclical industry distribution chart, Nihon Seimitsu Co ranks #647 out of 1113 companies for Altman Z-Score. This places Nihon Seimitsu Co in the lower half of its industry. The industry median Altman Z-Score is 2.74. Nihon Seimitsu Co's value of 2.38 is 13.1% below this benchmark. Historically, Nihon Seimitsu Co's own Altman Z-Score has ranged from 0.08 to 2.71 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 2.74, Nihon Seimitsu 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 a Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.74, based on 1,113 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. Nihon Seimitsu Co's current Altman Z-Score of 2.38 is 13.1% 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 Nihon Seimitsu Co and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Seimitsu Co's current Altman Z-Score is 2.38, which is 131% above median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Seimitsu Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Seimitsu Co (TSE:7771) is currently considered Significantly Overvalued. The stock's GF Value™ is 円93.81, compared to a current price of 円311.00 — trading 231.5% above its estimated fair value. The current Altman Z-Score is 2.38, which is 131% above median its 10-year median of 1.03 and 13.1% below the Retail - Cyclical industry median of 2.74. Nihon Seimitsu Co's overall GF Score™ is 45/100 with 3 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 Nihon Seimitsu Co (TSE:7771), the current Altman Z-Score is 2.38 as of Jul. 07, 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 Nihon Seimitsu Co (TSE:7771) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon Seimitsu Co stock appears to be overvalued. The current stock price of 円311.00 is trading 231.5% above its estimated GF Value™ of 円93.81. GuruFocus considers Nihon Seimitsu Co to be Significantly Overvalued.

Key valuation signals for TSE:7771:

  • Altman Z-Score: 2.38 (131% above median its 10-year median of 1.03)
  • GF Value™: 円93.81 vs. price of 円311.00 (231.5% above fair value)
  • GF Score™: 45/100 with 3 warning signs
  • Industry Position: 13.1% below the Retail - Cyclical median (#647 of 1113)

No single metric tells the full story. See the TSE:7771 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nihon Seimitsu Co Business Description

Address 1-8 Honmachi 4-Chome, Saitama Prefecture, Kawaguchi, JPN, 332-0012
Nihon Seimitsu Co Ltd manufactures watch bands, fishing gear and static eliminator. The Company is engaged in three main business segments namely, fishing equipment related business, eyeglass frame business, and fishing tackle and applied products business.
45GF Score

Get the complete analysis for TSE:7771

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

円311.00
Price
円93.81
GF Value