¥2,850.00 ($18.03)

+26.00 (+0.92%)

Weekly Expected Move ±0.6%

¥2791 ¥2807 ¥2824 ¥2841 ¥2857

JPX · Industrials · Marine Shipping · Tech Score Neutral · Power 51 · ¥6.2B mcap · 1M float · 0.131% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B-

Oct 05, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. 9173.T receives an overall rating of B-. Strongest factors: ROA (4/5). Areas of concern: DCF (1/5), D/E (1/5), P/E (2/5).

Rating Change History

Date	From	To
2026-10-01	C+	B-
2026-09-24	None	ADDED
2026-09-23	EXISTED	None
2026-08-17	B-	C+
2026-05-07	None	ADDED
2026-05-06	EXISTED	None
2026-04-30	B	B-
2026-04-24	B-	B
2026-04-01	C+	B-
2026-02-18	C	C+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 18 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. 9173.T scores highest in Earnings Quality (49/100) and lowest in Profitability (0/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

0.91

Distress Zone

Piotroski F-Score

4/9

✗ ✓ ✗ ✓ ✓ ✗ ✓ ✗ ✗

Beneish M-Score

-3.84

Unlikely Manipulator

Ohlson O-Score

-6.32

Bankruptcy prob: 0.2%

Low Risk

Credit Rating

B-

Score: 23.5/100

Trend: Deteriorating

Earnings Quality

—

OCF/NI: -1.76x

Accruals: -10.5%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. 9173.T scores 0.91, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. 9173.T scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. 9173.T's score of -3.84 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. 9173.T's implied 0.2% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. 9173.T receives an estimated rating of B- (score: 23.5/100), with a deteriorating trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

22.01x

PEG

-2.91x

P/S

0.44x

P/B

1.35x

P/FCF

7.24x

P/OCF

4.45x

EV/EBITDA

-55.45x

EV/Revenue

0.87x

EV/EBIT

-8.28x

EV/FCF

13.02x

Earnings Yield

-12.78%

FCF Yield

13.82%

Shareholder Yield

0.21%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 22.0x earnings, 9173.T commands a growth premium.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.578

NI / EBT

Interest Burden

1.017

EBT / EBIT

EBIT Margin

-0.105

EBIT / Rev

Asset Turnover

0.619

Rev / Assets

Equity Multiplier

4.607

Assets / Equity

ROE

-17.5%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. 9173.T's ROE of -17.5% is driven by financial leverage (equity multiplier: 4.61x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 0.58 suggests the company retains less than 60% of pre-tax earnings after taxes.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

—

Price/Value

—

Margin of Safety

—

Premium

—

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$2824.00

Median 1Y

$2875.68

5th Pctile

$2360.39

95th Pctile

$3503.16

Ann. Volatility

11.5%

25th–75th percentile 5th–95th percentile Median path Historical

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
ROE	17.8%	12.0%	8.7%	-1.0%	-13.6%	-12.5%	-12.0%	-8.2%	1.0%	6.4%	8.2%	7.3%	-8.6%	-17.5%	-17.54%
ROA	3.7%	2.5%	1.8%	-0.2%	-2.8%	-2.5%	-2.3%	-1.5%	0.2%	1.3%	1.6%	1.4%	-2.0%	-3.8%	-3.81%
ROIC	8.1%	6.2%	5.3%	0.7%	-4.0%	-3.9%	-3.7%	-2.6%	1.8%	3.7%	4.5%	3.8%	-4.8%	-11.6%	-11.62%
ROCE	7.4%	6.0%	5.0%	2.4%	-3.1%	-2.9%	-2.6%	-2.2%	2.2%	4.2%	4.9%	4.3%	-3.8%	-9.8%	-9.77%
Gross Margin	35.8%	6.4%	5.7%	-9.3%	19.5%	2.8%	7.4%	-2.6%	32.6%	10.0%	10.8%	-6.4%	10.5%	-11.5%	-11.48%
Operating Margin	28.3%	-7.5%	-6.6%	-20.1%	10.9%	-8.1%	-4.9%	-12.6%	24.9%	-0.5%	-1.0%	-17.0%	-1.8%	-22.4%	-22.40%
Net Margin	18.8%	-11.1%	-5.8%	-14.7%	7.5%	-8.4%	-4.3%	-7.5%	14.5%	-0.2%	-1.8%	-9.3%	-1.4%	-11.7%	-11.70%
EBITDA Margin	35.4%	0.8%	-6.1%	-15.8%	19.3%	2.4%	6.1%	-2.6%	31.9%	11.5%	8.3%	-7.0%	6.9%	-13.5%	-13.55%
FCF Margin	5.2%	7.9%	9.2%	9.8%	11.4%	8.6%	5.7%	2.8%	0.1%	2.5%	4.8%	7.3%	8.7%	6.7%	6.66%
OCF Margin	7.7%	11.4%	13.1%	14.0%	16.2%	12.9%	9.5%	6.1%	2.7%	5.8%	8.9%	12.1%	13.9%	10.8%	10.83%
ROE 3Y Avg	snapshot only														-8.26%
ROA 3Y Avg	snapshot only														-1.74%
ROIC 3Y Avg	snapshot only														-4.84%
ROIC Economic	snapshot only														-8.15%
Cash ROA	snapshot only														6.94%
Cash ROIC	snapshot only														14.79%
CROIC	snapshot only														9.09%
NOPAT Margin	snapshot only														-8.51%
Pretax Margin	snapshot only														-10.65%
R&D / Revenue	snapshot only														0.00%
SGA / Revenue	snapshot only														11.40%
SBC / Revenue	snapshot only														0.00%

Valuation

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
P/E Ratio	5.57	8.89	12.86	-120.90	-8.19	-9.40	-10.10	-16.50	125.84	20.93	17.35	20.92	-15.57	-7.83	22.007
P/S Ratio	1.05	0.65	0.48	0.38	0.41	0.41	0.41	0.41	0.41	0.42	0.43	0.44	0.50	0.48	0.436
P/B Ratio	0.99	1.07	1.12	1.25	1.18	1.24	1.27	1.38	1.23	1.29	1.36	1.46	1.29	1.39	1.348
P/FCF	19.99	8.20	5.22	3.87	3.63	4.82	7.21	14.72	739.01	17.05	8.95	6.09	5.72	7.24	7.238
P/OCF	13.63	5.70	3.65	2.71	2.56	3.21	4.33	6.82	15.02	7.25	4.88	3.67	3.59	4.45	4.449
EV/EBITDA	7.37	7.85	8.83	12.27	99.01	76.81	24.84	13.98	7.48	6.48	6.49	6.79	19.85	-55.45	-55.455
EV/Revenue	2.61	1.73	1.27	0.95	0.99	1.06	1.04	0.98	0.88	0.89	0.91	0.89	0.96	0.87	0.867
EV/EBIT	9.12	12.72	15.40	32.10	-24.24	-28.22	-31.46	-37.16	34.01	18.87	17.05	19.86	-21.89	-8.28	-8.277
EV/FCF	49.81	21.89	13.86	9.69	8.67	12.29	18.20	34.95	1602.69	35.84	18.87	12.28	11.02	13.02	13.021
Earnings Yield	18.0%	11.2%	7.8%	-0.8%	-12.2%	-10.6%	-9.9%	-6.1%	0.8%	4.8%	5.8%	4.8%	-6.4%	-12.8%	-12.78%
FCF Yield	5.0%	12.2%	19.1%	25.8%	27.5%	20.7%	13.9%	6.8%	0.1%	5.9%	11.2%	16.4%	17.5%	13.8%	13.82%
Price/Tangible Book	snapshot only														1.411
EV/OCF	snapshot only														8.004
EV/Gross Profit	snapshot only														138.894
Shareholder Yield	snapshot only														0.21%

Leverage & Solvency

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Current Ratio	1.45	1.41	1.34	1.23	1.30	1.29	1.20	1.12	1.29	1.27	1.24	1.12	1.29	1.14	1.136
Quick Ratio	1.33	1.27	1.19	1.09	1.15	1.13	1.06	0.99	1.14	1.12	1.08	0.97	1.10	0.97	0.966
Debt/Equity	2.63	2.78	2.78	2.98	2.70	2.92	3.02	3.12	2.56	2.49	2.50	2.42	1.93	2.06	2.063
Net Debt/Equity	1.48	1.78	1.85	1.88	1.64	1.93	1.93	1.90	1.43	1.42	1.50	1.48	1.19	1.11	1.108
Debt/Assets	0.55	0.57	0.56	0.55	0.54	0.57	0.57	0.56	0.53	0.53	0.53	0.50	0.48	0.46	0.459
Debt/EBITDA	7.87	7.66	8.28	11.66	94.89	70.73	23.45	13.30	7.19	5.96	5.67	5.59	15.48	-45.86	-45.856
Net Debt/EBITDA	4.41	4.91	5.50	7.37	57.52	46.68	15.00	8.09	4.03	3.40	3.41	3.42	9.54	-24.63	-24.627
Interest Coverage	44.07	17.07	9.47	3.35	-4.41	-4.08	-3.59	-2.87	2.91	5.22	6.03	4.98	-4.26	-10.24	-10.239
Equity Multiplier	4.75	4.86	4.93	5.37	5.00	5.12	5.30	5.60	4.81	4.72	4.68	4.87	4.01	4.50	4.495
Cash Ratio	snapshot only														0.677
Debt Service Coverage	snapshot only														-1.528
Cash to Debt	snapshot only														0.463
FCF to Debt	snapshot only														0.093
Defensive Interval	snapshot only														1456.3 days

Efficiency & Turnover

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Asset Turnover	0.20	0.34	0.47	0.61	0.55	0.57	0.58	0.59	0.62	0.65	0.66	0.66	0.61	0.62	0.619
Inventory Turnover	4.47	7.88	11.05	15.55	15.68	15.13	14.82	15.17	14.00	13.98	13.63	13.97	12.74	13.06	13.056
Receivables Turnover	3.40	4.54	6.73	10.34	9.07	7.72	8.22	9.48	9.63	9.21	9.23	9.44	7.83	8.46	8.464
Payables Turnover	2.42	6.47	9.00	8.72	8.76	12.78	12.61	8.87	9.53	11.46	13.01	7.79	11.70	8.67	8.673
DSO	107	80	54	35	40	47	44	38	38	40	40	39	47	43	43.1 days
DIO	82	46	33	23	23	24	25	24	26	26	27	26	29	28	28.0 days
DPO	151	56	41	42	42	29	29	41	38	32	28	47	31	42	42.1 days
Cash Conversion Cycle	38	70	47	17	22	43	40	21	26	34	38	18	44	29	29.0 days
Fixed Asset Turnover	snapshot only														1.135
Operating Cycle	snapshot only														71.1 days
Cash Velocity	snapshot only														3.014
Capital Intensity	snapshot only														1.561

Growth (YoY)

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Revenue	—	—	—	—	1.7%	64.5%	20.9%	-3.4%	8.6%	10.8%	10.8%	7.8%	-7.6%	-7.8%	-7.81%
Net Income	—	—	—	—	-1.7%	-2.0%	-2.3%	-6.7%	1.1%	1.5%	1.7%	1.9%	-10.2%	-3.8%	-3.82%
EPS	—	—	—	—	-1.7%	-2.0%	-2.3%	-6.7%	1.1%	1.5%	1.7%	1.9%	-10.2%	-3.8%	-3.82%
FCF	—	—	—	—	4.8%	78.3%	-25.1%	-72.4%	-99.5%	-68.1%	-5.7%	1.8%	145.8%	1.5%	1.48%
EBITDA	—	—	—	—	-92.4%	-89.8%	-65.0%	-12.8%	11.8%	10.0%	2.7%	1.0%	-62.0%	-1.1%	-1.11%
Op. Income	—	—	—	—	-1.4%	-1.5%	-1.6%	-2.2%	1.6%	1.9%	2.2%	2.4%	-2.9%	-3.5%	-3.49%
OCF Growth	snapshot only														71.73%
Asset Growth	snapshot only														-6.60%
Equity Growth	snapshot only														-2.00%
Debt Growth	snapshot only														-18.85%
Shares Change	snapshot only														-0.00%
Dividend Growth	snapshot only														204.01%

Growth (CAGR)

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Revenue 3Y	—	—	—	—	—	—	—	—	—	—	—	—	39.0%	18.9%	18.90%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-28.3%	—	—
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-22.6%	-65.0%	-65.01%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	64.9%	12.2%	12.18%
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	69.5%	16.9%	16.90%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-5.9%	-3.9%	-3.93%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-0.4%	-1.4%	-1.40%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-0.4%	-1.4%	-1.40%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	3.3%	4.9%	4.90%

Growth Quality

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Revenue Stability	—	—	—	—	—	—	—	—	0.84	0.90	0.98	0.30	0.60	0.61	0.613
Earnings Stability	—	—	—	—	—	—	—	—	0.30	0.06	0.00	0.30	0.38	0.41	0.410
Margin Stability	—	—	—	—	—	—	—	—	0.15	0.36	0.50	0.70	0.08	0.07	0.067
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.00	1.00	1.00	1.00	0.50	0.00	0.00	0.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	—	—	—	—	—	—	—	—	0.20	0.20	0.20	0.20	0.20	0.20	0.200
Earnings Smoothness	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE Trend	—	—	—	—	—	—	—	—	-0.01	0.07	0.10	0.12	-0.02	-0.14	-0.142
Gross Margin Trend	—	—	—	—	—	—	—	—	-0.09	-0.01	0.02	0.03	-0.03	-0.09	-0.092
FCF Margin Trend	—	—	—	—	—	—	—	—	-0.08	-0.06	-0.03	0.01	0.03	0.01	0.011
Sustainable Growth Rate	17.8%	12.0%	8.7%	—	—	—	—	—	1.0%	6.4%	8.2%	7.3%	—	—	—
Internal Growth Rate	3.9%	2.5%	1.8%	—	—	—	—	—	0.2%	1.3%	1.7%	1.4%	—	—	—

Cash Flow Quality

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
OCF/Net Income	0.41	1.56	3.52	-44.59	-3.20	-2.93	-2.33	-2.42	8.38	2.89	3.55	5.70	-4.33	-1.76	-1.759
FCF/OCF	0.68	0.70	0.70	0.70	0.71	0.67	0.60	0.46	0.02	0.43	0.55	0.60	0.63	0.61	0.615
FCF/Net Income	snapshot only														-1.081
CapEx/Revenue	2.4%	3.5%	4.0%	4.2%	4.8%	4.3%	3.8%	3.2%	2.7%	3.3%	4.0%	4.8%	5.2%	4.2%	4.17%
CapEx/Depreciation	snapshot only														0.468
Accruals Ratio	0.02	-0.01	-0.04	-0.09	-0.12	-0.10	-0.08	-0.05	-0.01	-0.02	-0.04	-0.07	-0.10	-0.11	-0.105
Sloan Accruals	snapshot only														-0.091
Cash Flow Adequacy	snapshot only														2.548

Dividends & Buybacks

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.2%	0.35%
Dividend/Share	$0.02	$0.04	$0.06	$0.07	$0.06	$0.06	$0.05	$0.04	$0.03	$0.02	$0.02	$0.01	$2.40	$4.79	$10.00
Payout Ratio	0.0%	0.0%	0.0%	—	—	—	—	—	0.1%	0.0%	0.0%	0.0%	—	—	—
FCF Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.8%	0.0%	0.0%	0.0%	0.5%	1.2%	1.17%
Total Payout Ratio	0.0%	0.0%	0.1%	—	—	—	—	—	0.1%	0.5%	0.8%	1.5%	—	—	—
Div. Increase Streak	0	0	0	0	1	1	0	0	0	0	0	0	0	0	0
Chowder Number	—	—	—	—	1.65	0.38	-0.17	-0.48	-0.55	-0.58	-0.63	-0.69	81.18	204.01	204.006
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%	0.0%	0.05%
Net Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%	0.0%	0.05%
Total Shareholder Return	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%	0.2%	0.21%

DuPont Factors

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.67	0.57	0.50	-0.15	1.01	0.95	0.97	0.70	0.19	0.53	0.56	0.59	0.65	0.58	0.578
Interest Burden (EBT/EBIT)	0.98	0.94	0.89	0.70	1.23	1.25	1.28	1.35	0.65	0.81	0.83	0.80	1.12	1.02	1.017
EBIT Margin	0.29	0.14	0.08	0.03	-0.04	-0.04	-0.03	-0.03	0.03	0.05	0.05	0.04	-0.04	-0.10	-0.105
Asset Turnover	0.20	0.34	0.47	0.61	0.55	0.57	0.58	0.59	0.62	0.65	0.66	0.66	0.61	0.62	0.619
Equity Multiplier	4.75	4.86	4.93	5.37	4.87	4.98	5.11	5.48	4.91	4.91	4.97	5.22	4.40	4.61	4.607

Per Share

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$422.35	$266.64	$187.09	$-20.24	$-304.23	$-264.56	$-246.34	$-155.46	$21.12	$133.96	$167.97	$141.49	$-193.96	$-377.67	$-377.67
Book Value/Share	$2378.63	$2222.92	$2150.48	$1954.29	$2109.07	$2000.50	$1960.76	$1859.79	$2168.40	$2174.32	$2147.94	$2032.00	$2348.47	$2130.93	$2849.04
Tangible Book/Share	$2330.33	$2185.86	$2114.22	$1920.14	$2074.28	$1967.70	$1924.79	$1820.61	$2131.49	$2139.23	$2085.97	$1985.87	$2307.46	$2095.50	$2095.50
Revenue/Share	$2246.79	$3649.93	$5016.50	$6428.63	$6021.86	$6003.67	$6065.68	$6211.12	$6537.21	$6654.63	$6718.74	$6694.42	$6040.56	$6135.16	$6593.81
FCF/Share	$117.69	$289.26	$460.86	$632.41	$686.29	$515.62	$344.95	$174.27	$3.60	$164.51	$325.42	$486.33	$527.81	$408.38	$0.00
OCF/Share	$172.66	$415.90	$659.17	$902.36	$972.93	$773.94	$574.96	$375.95	$176.96	$386.87	$596.78	$806.70	$840.49	$664.37	$0.00
Cash/Share	$2746.98	$2214.00	$2007.87	$2140.66	$2245.27	$1984.46	$2137.84	$2268.35	$2437.23	$2325.57	$2136.55	$1906.11	$1740.62	$2035.56	$2035.56
EBITDA/Share	$795.16	$806.47	$723.36	$499.65	$60.08	$82.52	$252.85	$435.69	$770.50	$909.35	$946.57	$879.56	$293.02	$-95.89	$-95.89
Debt/Share	$6255.83	$6173.96	$5987.34	$5824.47	$5701.33	$5836.09	$5930.28	$5794.70	$5543.33	$5418.13	$5363.93	$4915.85	$4537.01	$4397.07	$4397.07
Net Debt/Share	$3508.85	$3959.95	$3979.47	$3683.82	$3456.05	$3851.63	$3792.44	$3526.35	$3106.11	$3092.56	$3227.38	$3009.74	$2796.39	$2361.51	$2361.51

Academic Models

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.908
Altman Z-Prime	snapshot only														0.696
Piotroski F-Score	3	4	4	3	5	5	4	4	8	8	9	7	5	4	4
Beneish M-Score	—	—	—	—	-2.55	-2.20	-2.91	-1.15	-2.63	-3.00	-2.80	-3.01	-1.51	-3.84	-3.837
Ohlson O-Score	snapshot only														-6.318
ROIC (Greenblatt)	snapshot only														-11.05%
Net-Net WC	snapshot only														$-3315.32
EVA	snapshot only														$-2131673980.00

Credit

Metric	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only														B-
Credit Score	42.16	39.43	37.14	31.82	18.74	17.27	15.47	12.35	26.25	38.76	41.06	35.10	19.71	23.50	23.500
Credit Grade	snapshot only														16
Credit Trend	snapshot only														-15.259
Implied Spread (bps)	snapshot only														900.000
Industry Credit Rank	snapshot only														8
Sector Credit Rank	snapshot only														12

9173.T JPX

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

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