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TOP

TOP Financial Group Limited
CIK 0001848275 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
13.8
composite ยท 3 signals ยท CLEAN

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Ask follow-up questions about the latest 10-K, with citations verified against the actual text. No account needed.

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Signals

P-05 ยท FY 2024-03-31 ยท ELEVATED100.0

Tax arbitrage

[FY2024 data, stale โ€” no more recent pretax-income figure in XBRL] ETR -6.4% vs 21% statutory โ€” gap persistent across 2 of 2 years
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2025-08-13) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2024-03-31": -0.0645,
    "2023-03-31": 0.0092
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2024-03-31": 0.2745,
    "2023-03-31": 0.2008
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2026-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1848275/000121390025075728/0001213900-25-075728-index.htm",
    "form": "20-F",
    "filed": "2025-08-13"
  }
}
P-01 ยท FY 2026-03-31 ยท CLEAN12.0

Earnings quality

Beneish M-Score -3.08 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-07-07) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -3.079,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.673,
    "GMI": 1,
    "AQI": 0.996,
    "SGI": 1.419,
    "DEPI": 2.357,
    "SGAI": 1,
    "LVGI": 1,
    "TATA": -0.177
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI",
    "LVGI"
  ],
  "sloan_accruals": -0.2287,
  "inputs": {
    "revenue_t": 4723765,
    "revenue_t1": 3329256,
    "total_assets_t": 86056943,
    "net_income_t": -1170823,
    "cfo_t": 14021796
  },
  "stale": false,
  "latest_filing_period": "2026-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1848275/000121390026075954/0001213900-26-075954-index.htm",
    "form": "10-K",
    "filed": "2026-07-07"
  }
}
P-12 ยท FY 2026-03-31 ยท CLEAN14.3

Restatement predictor

F-Score 0.43 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-07-07) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.428,
  "probability": 0.00158,
  "components": {
    "rsst": -0.2287,
    "drec": -0.0083,
    "dinv": null,
    "soft": 0.8361,
    "dcs": 0.5854,
    "droa": 0.1139,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2026-03-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1848275/000121390026075954/0001213900-26-075954-index.htm",
    "form": "10-K",
    "filed": "2026-07-07"
  }
}