Fushiki Kairiku Unso Co (TSE:9361) Altman Z-Score: 1.50 (As of Jul. 26, 2026) — 16% Above Median

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TSE:9361 Fushiki Kairiku Unso Co Ltd TSE:9361
65 GF Score
Price 円2,070.00
GF Value 円1,319.49
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Fushiki Kairiku Unso Co Altman Z-Score?

Fushiki Kairiku Unso Co TSE:9361 +0.24% 65 Altman Z-Score is 1.50 as of Jul. 26, 2026, which is 16% above its 10-year median of 1.29. GuruFocus rates TSE:9361 with a GF Score™ of 65/100 and a GF Value™ of 円1,319.49 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 996 Transportation companies, Fushiki Kairiku Unso Co ranks worse than 70.28% 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 1.43 is in distress zone. This implies bankruptcy possibility in the next two years.

Fushiki Kairiku Unso Co has a Altman Z-Score of 1.50, 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 Fushiki Kairiku Unso Co's Altman Z-Score or its related term are showing as below:

TSE:9361' s Altman Z-Score Range Over the Past 10 Years
Min: 1.08   Med: 1.29   Max: 1.56
Current: 1.43

During the past 13 years, Fushiki Kairiku Unso Co's highest Altman Z-Score was 1.56. The lowest was 1.08. And the median was 1.29.


Fushiki Kairiku Unso Co  (TSE:9361) 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.


Fushiki Kairiku Unso Co Altman Z-Score Related Terms


Fushiki Kairiku Unso Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Fushiki Kairiku Unso 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.

Fushiki Kairiku Unso Co Altman Z-Score Chart

Fushiki Kairiku Unso Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 1.33 1.51 1.45 1.31

Fushiki Kairiku Unso Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 1.31 1.31 1.40 1.44 0.00

Fushiki Kairiku Unso Co Altman Z-Score Competitor Comparison

For the Marine Shipping subindustry, Fushiki Kairiku Unso 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.


Fushiki Kairiku Unso Co Altman Z-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Fushiki Kairiku Unso Co's Altman Z-Score distribution charts can be found below:

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


TSE:9361
65GF Score
Fushiki Kairiku Unso Co Ltd TSE:9361
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fushiki Kairiku Unso 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.

Fushiki Kairiku Unso 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*0.0976+1.4*0.3459+3.3*0.0471+0.6*0.5248+1.0*0.4331
=1.50

* 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 Dec. 2025:
Total Assets was 円24,440 Mil.
Total Current Assets was 円6,211 Mil.
Total Current Liabilities was 円3,826 Mil.
Retained Earnings was 円8,454 Mil.
Pre-Tax Income was 476.649 + 0 + 410.529 + 220.522 = 円1,108 Mil.
Interest Expense was -15.499 + 0 + -12.492 + -16.049 = 円-44 Mil.
Revenue was 3479.754 + 0 + 3544.692 + 3560.243 = 円10,585 Mil.
Market Cap (Today) was 円5,359 Mil.
Total Liabilities was 円10,211 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
=(6211.199 - 3826.472)/24440.178
=0.0976

X2=Retained Earnings/Total Assets
=8454.275/24440.178
=0.3459

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1107.7 - -44.04)/24440.178
=0.0471

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=5359.017/10211.233
=0.5248

X5=Revenue/Total Assets
=10584.689/24440.178
=0.4331

The zones of discrimination were as such:

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

Fushiki Kairiku Unso Co has a Altman Z-Score of 1.50 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 1.50 mean?
Fushiki Kairiku Unso Co (TSE:9361) has a Altman Z-Score of 1.50 as of Jul. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Fushiki Kairiku Unso Co and its competitors. This is 16% above median its historical median of 1.29. Over the past decade, Fushiki Kairiku Unso Co's Altman Z-Score has ranged from 1.08 to 1.56. According to the industry distribution chart, Fushiki Kairiku Unso Co ranks #700 out of 996 companies in the Transportation industry, placing it in the top 70.3%.
Is Fushiki Kairiku Unso Co's Altman Z-Score too high?
Fushiki Kairiku Unso Co's current Altman Z-Score of 1.50 is 16% above median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 1.56. The Transportation industry median Altman Z-Score is 2.26. Fushiki Kairiku Unso Co's value of 1.50 is 33.6% below this industry median. Based on the distribution chart, Fushiki Kairiku Unso Co ranks #700 out of 996 companies in the Transportation industry, which is below the industry midpoint. Overall, Fushiki Kairiku Unso Co has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fushiki Kairiku Unso Co's Altman Z-Score compare to competitors?
According to the Transportation industry distribution chart, Fushiki Kairiku Unso Co ranks #700 out of 996 companies for Altman Z-Score. This places Fushiki Kairiku Unso Co in the lower half of its industry. The industry median Altman Z-Score is 2.26. Fushiki Kairiku Unso Co's value of 1.50 is 33.6% below this benchmark. Historically, Fushiki Kairiku Unso Co's own Altman Z-Score has ranged from 1.08 to 1.56 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 2.26, Fushiki Kairiku Unso 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.26, based on 996 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. Fushiki Kairiku Unso Co's current Altman Z-Score of 1.50 is 33.6% 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 Fushiki Kairiku Unso Co and its competitors. For the Transportation industry, the median Altman Z-Score is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fushiki Kairiku Unso Co's current Altman Z-Score is 1.50, which is 16% above median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fushiki Kairiku Unso Co stock overvalued right now?
Based on GuruFocus' analysis, Fushiki Kairiku Unso Co (TSE:9361) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,319.49, compared to a current price of 円2,070.00 — trading 56.9% above its estimated fair value. The current Altman Z-Score is 1.50, which is 16% above median its 10-year median of 1.29 and 33.6% below the Transportation industry median of 2.26. Fushiki Kairiku Unso Co's overall GF Score™ is 65/100 with 1 warning sign 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 Fushiki Kairiku Unso Co (TSE:9361), the current Altman Z-Score is 1.50 as of Jul. 26, 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 Fushiki Kairiku Unso Co (TSE:9361) Overvalued in 2026?

Based on GuruFocus' analysis, Fushiki Kairiku Unso Co stock appears to be overvalued. The current stock price of 円2,070.00 is trading 56.9% above its estimated GF Value™ of 円1,319.49. GuruFocus considers Fushiki Kairiku Unso Co to be Significantly Overvalued.

Key valuation signals for TSE:9361:

  • Altman Z-Score: 1.50 (16% above median its 10-year median of 1.29)
  • GF Value™: 円1,319.49 vs. price of 円2,070.00 (56.9% above fair value)
  • GF Score™: 65/100 with 1 warning sign
  • Industry Position: 33.6% below the Transportation median (#700 of 996)

No single metric tells the full story. See the TSE:9361 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fushiki Kairiku Unso Co Business Description

Address No. 1, No. 5 town Fushikiminato, Toyama Prefecture, Takaoka, JPN, 933-0104
Fushiki Kairiku Unso Co Ltd is engaged in the port transportation business in Japan. The principal business activities of the company include warehousing, maritime transportation, occasional route business, shipping agency, customs clearance, packing, industrial waste collection and transportation, air transport agency, and measurement certification businesses, as well as business related to contracting and guarantee of the security.
65GF Score

Get the complete analysis for TSE:9361

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

円2,070.00
Price
円1,319.49
GF Value