Japan Ecosystem Co (TSE:9249) Altman Z-Score: 2.54 (As of Jul. 14, 2026) — Near Median

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TSE:9249 Japan Ecosystem Co Ltd TSE:9249
77 GF Score
Price 円1,645.00
GF Value 円1,999.64
Valuation Modestly Undervalued
! 10 Warning Signs
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What is Japan Ecosystem Co Altman Z-Score?

Japan Ecosystem Co TSE:9249 +0.12% 77 Altman Z-Score is 2.54 as of Jul. 14, 2026, which is 8% below its 10-year median of 2.75. GuruFocus rates TSE:9249 with a GF Score™ of 77/100 and a GF Value™ of 円1,999.64 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 1,009 Media - Diversified companies, Japan Ecosystem Co ranks better than 59.86% 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.

Warning Sign:

Altman Z-score of 2.54 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.

Japan Ecosystem Co has a Altman Z-Score of 2.54, indicating it is in Grey Zones. This implies that Japan Ecosystem 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 Japan Ecosystem Co's Altman Z-Score or its related term are showing as below:

TSE:9249' s Altman Z-Score Range Over the Past 10 Years
Min: 1.79   Med: 2.75   Max: 3.89
Current: 2.54

During the past 7 years, Japan Ecosystem Co's highest Altman Z-Score was 3.89. The lowest was 1.79. And the median was 2.75.


Japan Ecosystem Co  (TSE:9249) 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 Ecosystem Co Altman Z-Score Related Terms


Japan Ecosystem Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Japan Ecosystem 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.

Japan Ecosystem Co Altman Z-Score Chart

Japan Ecosystem Co Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Altman Z-Score
Get a 7-Day Free Trial 0.00 3.18 2.87 3.89 2.48

Japan Ecosystem Co Semi-Annual Data
Sep19 Sep20 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 3.37 3.89 1.79 2.48 0.00

TSE:9249 vs NFLX, DIS, WBD: Altman Z-Score Comparison

For the Entertainment subindustry, Japan Ecosystem 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.


Japan Ecosystem Co Altman Z-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Japan Ecosystem Co's Altman Z-Score distribution charts can be found below:

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


TSE:9249
77GF Score
Japan Ecosystem Co Ltd TSE:9249
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Ecosystem 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.

Japan Ecosystem 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*0.113+1.4*0.2607+3.3*0.0571+0.6*1.7383+1.0*0.8089
=2.54

* 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13,922 Mil.
Total Current Assets was 円4,218 Mil.
Total Current Liabilities was 円2,645 Mil.
Retained Earnings was 円3,629 Mil.
Pre-Tax Income was 円762 Mil.
Interest Expense was 円-33 Mil.
Revenue was 円11,261 Mil.
Market Cap (Today) was 円14,333 Mil.
Total Liabilities was 円8,245 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
=(4218.398 - 2644.665)/13921.683
=0.113

X2=Retained Earnings/Total Assets
=3629.046/13921.683
=0.2607

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(761.916 - -32.562)/13921.683
=0.0571

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=14332.617/8245.154
=1.7383

X5=Revenue/Total Assets
=11261.332/13921.683
=0.8089

The zones of discrimination were as such:

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

Japan Ecosystem Co has a Altman Z-Score of 2.54 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 2.54 mean?
Japan Ecosystem Co (TSE:9249) has a Altman Z-Score of 2.54 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Japan Ecosystem Co and its competitors. This is near median its historical median of 2.75. Over the past decade, Japan Ecosystem Co's Altman Z-Score has ranged from 1.79 to 3.89. According to the industry distribution chart, Japan Ecosystem Co ranks #405 out of 1009 companies in the Media - Diversified industry, placing it in the top 40.1%.
Is Japan Ecosystem Co's Altman Z-Score too high?
Japan Ecosystem Co's current Altman Z-Score of 2.54 is near median its 10-year median of 2.75. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 3.89. The Media - Diversified industry median Altman Z-Score is 1.99. Japan Ecosystem Co's value of 2.54 is 27.6% above this industry median. Based on the distribution chart, Japan Ecosystem Co ranks #405 out of 1009 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Japan Ecosystem Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Japan Ecosystem Co's Altman Z-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Japan Ecosystem Co ranks #405 out of 1009 companies for Altman Z-Score. This puts Japan Ecosystem Co in the upper half of its industry. The industry median Altman Z-Score is 1.99. Japan Ecosystem Co's value of 2.54 is 27.6% above this benchmark. Historically, Japan Ecosystem Co's own Altman Z-Score has ranged from 1.79 to 3.89 over the past decade. While the company's 10-year median is 2.75 vs. the industry median of 1.99, Japan Ecosystem 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 Media - Diversified company?
The median Altman Z-Score among Media - Diversified companies is 1.99, based on 1,009 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 Ecosystem Co's current Altman Z-Score of 2.54 is 27.6% 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 Japan Ecosystem Co and its competitors. For the Media - Diversified industry, the median Altman Z-Score is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Ecosystem Co's current Altman Z-Score is 2.54, which is near median its own 10-year median of 2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Ecosystem Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Ecosystem Co (TSE:9249) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,999.64, compared to a current price of 円1,645.00 — trading 17.7% below its estimated fair value. The current Altman Z-Score is 2.54, which is near median its 10-year median of 2.75 and 27.6% above the Media - Diversified industry median of 1.99. Japan Ecosystem Co's overall GF Score™ is 77/100 with 10 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 Ecosystem Co (TSE:9249), the current Altman Z-Score is 2.54 as of Jul. 14, 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 Ecosystem Co (TSE:9249) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Ecosystem Co stock appears to be undervalued. The current stock price of 円1,645.00 is trading 17.7% below its estimated GF Value™ of 円1,999.64. GuruFocus considers Japan Ecosystem Co to be Modestly Undervalued.

Key valuation signals for TSE:9249:

  • Altman Z-Score: 2.54 (near median its 10-year median of 2.75)
  • GF Value™: 円1,999.64 vs. price of 円1,645.00 (17.7% below fair value)
  • GF Score™: 77/100 with 10 warning signs
  • Industry Position: 27.6% above the Media - Diversified median (#405 of 1009)

No single metric tells the full story. See the TSE:9249 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Ecosystem Co Business Description

Address 2-2-11 Honmachi, 11th Floor, JES Ichinomiya Building, Ichinomiya-shi, Aichi Prefecture, Ichinomiya, JPN, 491-0859
Japan Ecosystem Co Ltd is engaged in the Environmental Business, Public Service Business, Transportation Infrastructure Business, and other businesses. Under the Environmental Business the company enhances the efficiency of wastewater purification; Public service business includes designs, production, sale, installation and maintenance of totalizator system in public competition stadiums; the Transportation Infrastructure Business focuses on engineering of highway such as structure inspection, maintenance of telecommunication facilities and traffic control; and other business includes the system maintenance business, business related to the provision of ICT solutions utilizing AI technology, and real estate brokerage, sales, leasing, and other real estate related businesses.
77GF Score

Get the complete analysis for TSE:9249

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

円1,645.00
Price
円1,999.64
GF Value