Japan Logistic Systems (TSE:9060) Altman Z-Score: 1.76 (As of Jul. 02, 2026) — Near Median


TSE:9060 Japan Logistic Systems Corp TSE:9060
71 GF Score
Price 円4,345.00
GF Value 円4,447.66
Valuation Fairly Valued
! 3 Warning Signs
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What is Japan Logistic Systems Altman Z-Score?

Japan Logistic Systems TSE:9060 +1.05% 71 Altman Z-Score is 1.76 as of Jul. 02, 2026, which is 8% above its 10-year median of 1.63. GuruFocus rates TSE:9060 with a GF Score™ of 71/100 and a GF Value™ of 円4,447.66 (Fairly Valued). The stock has 3 warning signs investors should review. Among 994 Transportation companies, Japan Logistic Systems ranks worse than 62.07% 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 1.75 is in distress zone. This implies bankruptcy possibility in the next two years.

Japan Logistic Systems has a Altman Z-Score of 1.76, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Japan Logistic Systems's Altman Z-Score or its related term are showing as below:

TSE:9060' s Altman Z-Score Range Over the Past 10 Years
Min: 1.48   Med: 1.63   Max: 1.75
Current: 1.75

During the past 13 years, Japan Logistic Systems's highest Altman Z-Score was 1.75. The lowest was 1.48. And the median was 1.63.


Japan Logistic Systems  (TSE:9060) 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.


Japan Logistic Systems Altman Z-Score Related Terms


Japan Logistic Systems Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Japan Logistic Systems'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.

Japan Logistic Systems Altman Z-Score Chart

Japan Logistic Systems 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 1.62 1.65 1.64 1.66 1.75

Japan Logistic Systems 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 1.64 1.28 1.66 0.00 1.75

TSE:9060 vs ODFL, XPO, KNX: Altman Z-Score Comparison

For the Trucking subindustry, Japan Logistic Systems'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.


Japan Logistic Systems Altman Z-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Japan Logistic Systems's Altman Z-Score distribution charts can be found below:

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


TSE:9060
71GF Score
Japan Logistic Systems Corp TSE:9060
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Logistic Systems 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.

Japan Logistic Systems'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*-0.0424+1.4*0.1541+3.3*0.0301+0.6*0.17+1.0*1.3899
=1.76

* 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51,312 Mil.
Total Current Assets was 円15,843 Mil.
Total Current Liabilities was 円18,021 Mil.
Retained Earnings was 円7,906 Mil.
Pre-Tax Income was 円1,281 Mil.
Interest Expense was 円-263 Mil.
Revenue was 円71,317 Mil.
Market Cap (Today) was 円5,884 Mil.
Total Liabilities was 円34,615 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
=(15842.884 - 18020.853)/51312.006
=-0.0424

X2=Retained Earnings/Total Assets
=7905.952/51312.006
=0.1541

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1281.286 - -263.144)/51312.006
=0.0301

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=5883.695/34614.859
=0.17

X5=Revenue/Total Assets
=71317.499/51312.006
=1.3899

The zones of discrimination were as such:

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

Japan Logistic Systems has a Altman Z-Score of 1.76 indicating it is in Distress 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 1.76 mean?
Japan Logistic Systems (TSE:9060) has a Altman Z-Score of 1.76 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Japan Logistic Systems and its competitors. This is near median its historical median of 1.63. Over the past decade, Japan Logistic Systems' Altman Z-Score has ranged from 1.48 to 1.75. According to the industry distribution chart, Japan Logistic Systems ranks #617 out of 994 companies in the Transportation industry, placing it in the top 62.1%.
Is Japan Logistic Systems' Altman Z-Score too high?
Japan Logistic Systems' current Altman Z-Score of 1.76 is near median its 10-year median of 1.63. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 1.75. The Transportation industry median Altman Z-Score is 2.27. Japan Logistic Systems' value of 1.76 is 22.5% below this industry median. Based on the distribution chart, Japan Logistic Systems ranks #617 out of 994 companies in the Transportation industry, which is below the industry midpoint. Overall, Japan Logistic Systems has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Logistic Systems' Altman Z-Score compare to ODFL and XPO?
According to the Transportation industry distribution chart, Japan Logistic Systems ranks #617 out of 994 companies for Altman Z-Score. This places Japan Logistic Systems in the lower half of its industry. The industry median Altman Z-Score is 2.27. Japan Logistic Systems' value of 1.76 is 22.5% below this benchmark. Historically, Japan Logistic Systems' own Altman Z-Score has ranged from 1.48 to 1.75 over the past decade. While the company's 10-year median is 1.63 vs. the industry median of 2.27, Japan Logistic Systems 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.27, based on 994 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. Japan Logistic Systems's current Altman Z-Score of 1.76 is 22.5% 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 Japan Logistic Systems and its competitors. For the Transportation industry, the median Altman Z-Score is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Logistic Systems's current Altman Z-Score is 1.76, which is near median its own 10-year median of 1.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Logistic Systems stock overvalued right now?
Based on GuruFocus' analysis, Japan Logistic Systems (TSE:9060) is currently considered Fairly Valued. The stock's GF Value™ is 円4,447.66, compared to a current price of 円4,345.00 — trading 2.3% below its estimated fair value. The current Altman Z-Score is 1.76, which is near median its 10-year median of 1.63 and 22.5% below the Transportation industry median of 2.27. Japan Logistic Systems' overall GF Score™ is 71/100 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 Japan Logistic Systems (TSE:9060), the current Altman Z-Score is 1.76 as of Jul. 02, 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 Japan Logistic Systems (TSE:9060) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Logistic Systems stock appears to be undervalued. The current stock price of 円4,345.00 is trading 2.3% below its estimated GF Value™ of 円4,447.66. GuruFocus considers Japan Logistic Systems to be Fairly Valued.

Key valuation signals for TSE:9060:

  • Altman Z-Score: 1.76 (near median its 10-year median of 1.63)
  • GF Value™: 円4,447.66 vs. price of 円4,345.00 (2.3% below fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 22.5% below the Transportation median (#617 of 994)

No single metric tells the full story. See the TSE:9060 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Logistic Systems Business Description

Address 5-11-3, Shinbashi, Shinbashi Sumitomo Building, Minato-ku, Tokyo, JPN, 105-0004
Japan Logistic Systems Corp provides lorry and cargo transportation as well as third-party logistic services. It also offers warehousing, insurance agency, worker dispatching as well as industrial waste collection and transportation services.
71GF Score

Get the complete analysis for TSE:9060

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

円4,345.00
Price
円4,447.66
GF Value