Hokuetsu Corporation

3865.T
Paper & Paper Products
2026/10/09 12:26 Updated
Market Cap: $868.8M (¥137.3B)
Stock Price: $5.47 (¥864)
Exchange Rate: 1 USD = ¥157.98

Stock Price Chart

2026/10/09 12:26 Updated
19.90
PER (Price Earnings Ratio)
vs Industry Avg: +10.4
0.55
PBR (Price to Book Ratio)
vs Industry Avg: -0.7
3.05%
Dividend Yield
vs Industry Avg: +0.10%

Price Trend

2026/10/09 12:26 Updated
Short-term
5-Day MA
+0.21%
Near-term
25-Day MA
-2.41%
Mid-term
75-Day MA
-2.78%
Long-term
200-Day MA
-4.00%

Price & Trading Details

2026/10/09 12:26 Updated

PRICE

Previous Close ¥849
Open ¥851
High ¥864
Low ¥851
Close ¥864

TRADING

Volume 66,400
Average Volume 225,693
Turnover ¥57,369,600
Min. Purchase ¥86,400

Analyst Recommendations 1 analysts

Updated 2026/10/01
Strong Buy
0
Buy
0
Hold
1
1
Sell
0
Strong Sell
0
Target Price (Mean)
¥830
None
¥830
High
¥830
Median
¥830
Low
-7% vs Current Price
This information is based on market data from third-party data providers and is for reference only. Investment decisions are your own responsibility.

Earnings Calendar

Updated 2026/10/01
NOV
13
2026
Next Earnings Release
Q4 FY2026
34days

Recent Earnings

Date EPS Est. EPS Actual Surprise
2022/05/12 ¥18.30 ¥-8.18 -144.7%
2022/02/09 ¥11.90 ¥38.44 +223.0%
2021/11/11 ¥20.80 ¥51.31 +146.7%
2021/02/09 ¥11.90 ¥32.89 +176.4%

Shareholder Composition

Updated 2026/10/01
40.4%
Insider Holdings
33.4%
Institutional
26.3%
Public Float
67
Institutional Holders
Insider Holdings 40.4%
Institutional 33.4%
Public Float 26.3%

Top Mutual Funds / ETFs

Updated 2026/10/01

Major Holders

Updated 2026/10/01
Fund Name Ownership Shares Change
DFA INVESTMENT DIMENSIONS GROUP INC-DFA Intl Small Cap Value PORT.
1.28%
2.4M 0.00%
VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund
0.83%
1.6M 0.00%
iShares Trust-iShares Core MSCI EAFE ETF
0.52%
974.3K +0.34%
VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund
0.49%
928.3K -10.39%
DFA INVESTMENT TRUST CO-The Japanese Small Company Series
0.36%
669.7K 0.00%
DFA INVESTMENT DIMENSIONS GROUP INC-Intl Core Eqy. 2 PORT.
0.26%
487.5K -0.89%

Dividend History 3Years Growth

Updated 2026/10/04
-%
Dividend Yield
¥26
Annual Dividend
+8.3%
YoY Growth
59.7%
Payout Ratio
Year Dividend Change
2026 ¥26 +8.3%
2025 ¥24 +20.0%
2024 ¥20 +11.1%
2023 ¥18 -30.8%
2022 ¥26 -

Financial Performance

2026/10/04 Updated

Revenue & Profit

Margins

Cash Flow

Financial Health

2022 2023 2024 2025
Income Statement
Revenue ¥261,616M ¥301,204M ¥297,056M ¥305,718M
Gross Profit ¥61,125M ¥64,018M ¥60,148M ¥68,798M
Operating Income ¥20,455M ¥17,289M ¥15,268M ¥19,728M
Pretax Income ¥27,751M ¥14,553M ¥6,701M ¥22,304M
Net Income ¥21,206M ¥8,325M ¥8,387M ¥15,529M
EPS ¥126.09 ¥49.48 ¥49.90 ¥92.26
Operating Margin 7.82% 5.74% 5.14% 6.45%
Balance Sheet
Total Assets ¥376,956M ¥388,444M ¥415,692M ¥418,882M
Total Equity ¥216,327M ¥225,299M ¥251,785M ¥265,127M
Total Liabilities ¥160,629M ¥163,145M ¥163,907M ¥153,755M
Cash ¥30,275M ¥18,063M ¥22,140M ¥27,644M
Interest-bearing Debt ¥100,411M ¥105,130M ¥106,160M ¥90,630M
Equity Ratio 57.39% 58.00% 60.57% 63.29%
D/E Ratio 0.46 0.47 0.42 0.34
Cash Flow
Operating CF ¥20,186M ¥1,746M ¥22,320M ¥40,932M
Investing CF -¥1,648M -¥12,753M -¥15,494M -¥18,816M
Financing CF -¥19,187M -¥2,099M -¥3,801M -¥19,121M
Free CF ¥6,491M -¥11,484M ¥7,769M ¥22,099M
Efficiency
ROE 9.80% 3.70% 3.33% 5.86%
ROA 5.63% 2.14% 2.02% 3.71%

Latest IR Information

Company Information

English Name Hokuetsu Corporation
Japanese Name 北越コーポレーション(株)
Stock Code 3865.T (JPX)
Sector / Industry Basic Materials / Paper & Paper Products
Employees 3,728

About

Hokuetsu Corporation manufactures and sells paper products in Japan, the rest of Asia, North America, and internationally. It operates through Pulp and Paper Business, Packaging and Paper Processing Business, and Other segments. The company is also involved in the manufacture and sale of paper containers and liquid containers, as well as manufacture, processing, and sale of processed paper products; and wood material, construction, logistics, and used paper wholesale businesses. In addition, it acts as sales and distribution agent; manufacturing and sale of vulcanized fiber products and paper, glass fiber sheets, liquid package cartons and packaging, laminated paper and related materials; cutting, selecting, packing and loading/unloading of the company's products; industrial wastewater purification processing and waste disposal; and supply of steam and electric power, and computer-related components. Further, the company engages in mailing business; processing and sale of carrier tape for precision electronic parts; manufacturing and sale of industrial machinery and electric instrumentation construction; design and construction of civil engineering and buildings; provision of transportation and warehousing services; and import and sales of vulcanized fiber and AGM battery separator. The company was formerly known as Hokuetsu Kishu Paper Co., Ltd. and changed its name to Hokuetsu Corporation in July 2018. Hokuetsu Corporation was incorporated in 1907 and is headquartered in Tokyo, Japan.

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