Hokuetsu Corporation (3865.T)
Tokyo, JP
Hokuetsu Corporation, founded in Tokyo, Japan, in 1907, is a global producer and supplier of an extensive range of paper and paperboard products. The company's reach extends across Japan, the United States, China, the wider Asian region, and other international markets. Its operations are bifurcated into two primary divisions: the Paper and Pulp Business and the Packaging and Paper Processing Business. Within its Paper and Pulp segment, Hokuetsu offers a broad portfolio. This includes printing and communication papers suitable for books, magazines, catalogs, and brochures, alongside uncoated and colored wood-free paper varieties. The company also furnishes specialized paperboards such as white paperboard, coated duplex board, and cast-coated paper, which are utilized for diverse applications including packaging, catalogs, point-of-purchase advertising, postcards, and publication covers. Further products from this division encompass premium and fancy printing papers, industrial papers, unique processed items, specialty fiber boards, decorative and functional papers, timber products, and glass fiber sheets. The Packaging and Paper Processing division focuses on various packaging solutions. These include cartons for food, beverages, and other liquids, in addition to confectionery boxes. They also supply processed paper tailored for cosmetics and over-the-counter pharmaceutical packaging, and produce milk and drink cartons under their "Tohei Pak" brand. Other offerings in this segment comprise adhesive postcard papers, abrasive-coated base papers, chip carrier tape base paper, mark sheet paper, business forms, and communication media products. Beyond its core manufacturing, Hokuetsu Corporation engages in several ancillary activities, such as waste paper wholesale, construction, transportation, warehousing, investment, and data processing services. The company rebranded to Hokuetsu Corporation in July 2018, having previously been known as Hokuetsu Kishu Paper Co., Ltd.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +2.17% | -6.08% | -5.46% | -9.68% | +2.41% | -7.21% | -20.28% | -8.71% | +34.12% | +21.11% | +37.60% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 0 | 0 |
| Hold | 1 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Paper, Lumber & Forest Products: +0.4%-5.9% Q1'26: -1.5% (vs Q1'25)
-
EPS growth Paper, Lumber & Forest Products: -12.0%-52.8% Q1'26: -78.2% (vs Q1'25)
-
FCF margin FCF growth · Paper, Lumber & Forest Products: +37.3%-1.8% Q1'26: +0.0% (vs Q1'25)
-
EBIT margin Paper, Lumber & Forest Products: +5.4%+2.5% Q1'26: +2.9% (vs Q1'25)
-
ROIC Paper, Lumber & Forest Products: +2.9%+1.4% Q1'26: +1.6% (vs Q1'25)
-
Share dilution Paper, Lumber & Forest Products: +0.0%-0.4% ★ Q1'26: -3.7% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Paper, Lumber & Forest Products: 0.66×4.61× Q1'26: 4.18× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Mar 2015 actual |
Mar 2016 actual |
Mar 2017 actual |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 1 Rev. Ana. 1 EPS Ana. |
Mar 2027 1 Rev. Ana. 1 EPS Ana. |
Mar 2028 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
228.40B
est: 229.57B (-0.5%)
|
246.85B
est: 243.43B (+1.4%)
|
262.40B
est: 263.60B (-0.5%)
|
269.10B
est: 271.10B (-0.7%)
|
275.81B
est: 277.95B (-0.8%)
|
264.62B
est: 265.51B (-0.3%)
|
222.45B
est: 215.20B (+3.4%)
|
261.62B
est: 261.62B (+0.0%)
|
301.20B
est: 294.30B (+2.3%)
|
297.06B
est: 296.03B (+0.3%)
|
305.72B
est: 300.00B (+1.9%)
|
291.60B
291.60B – 291.60B
-2.8% YoY
|
301.50B
301.50B – 301.50B
+3.4% YoY
|
301.10B
301.10B – 301.10B
-0.1% YoY
|
| EBITDA |
25.31B
est: 25.51B (-0.8%)
|
28.95B
est: 27.05B (+7.0%)
|
32.13B
est: 29.29B (+9.7%)
|
30.61B
est: 30.13B (+1.6%)
|
28.65B
est: 30.89B (-7.2%)
|
29.78B
est: 29.51B (+0.9%)
|
15.77B
est: 23.92B (-34.0%)
|
33.55B
est: 29.07B (+15.4%)
|
29.28B
est: 32.71B (-10.5%)
|
28.29B
est: 29.73B (-4.9%)
|
33.04B
est: 30.13B (+9.6%)
|
29.29B
29.29B – 29.29B
-2.8% YoY
|
30.28B
30.28B – 30.28B
+3.4% YoY
|
30.24B
30.24B – 30.24B
-0.1% YoY
|
| EBIT |
6.14B
est: 14.32B (-57.1%)
|
9.24B
est: 15.18B (-39.2%)
|
12.90B
est: 16.44B (-21.5%)
|
11.41B
est: 16.91B (-32.5%)
|
10.13B
est: 17.33B (-41.6%)
|
11.21B
est: 16.56B (-32.3%)
|
1.17B
est: 13.42B (-91.3%)
|
20.21B
est: 16.31B (+23.8%)
|
17.29B
est: 18.35B (-5.8%)
|
15.27B
est: 16.30B (-6.3%)
|
19.73B
est: 16.52B (+19.4%)
|
16.06B
16.06B – 16.06B
-2.8% YoY
|
16.60B
16.60B – 16.60B
+3.4% YoY
|
16.58B
16.58B – 16.58B
-0.1% YoY
|
| Net Income |
8.36B
est: 5.69B (+46.9%)
|
7.48B
est: 5.92B (+26.3%)
|
10.38B
est: 7.18B (+44.6%)
|
10.33B
est: 9.05B (+14.1%)
|
9.16B
est: 6.87B (+33.3%)
|
8.07B
est: 7.32B (+10.3%)
|
14.17B
est: 7.57B (+87.3%)
|
21.21B
est: 21.24B (-0.2%)
|
8.33B
est: 5.91B (+40.9%)
|
8.39B
est: 4.42B (+89.7%)
|
15.53B
est: 16.74B (-7.2%)
|
6.67B
6.67B – 6.67B
-60.2% YoY
|
13.16B
13.16B – 13.16B
+97.2% YoY
|
13.74B
13.74B – 13.74B
+4.5% YoY
|
| SGA |
30.71B
est: 36.20B (-15.2%)
|
33.87B
est: 38.38B (-11.8%)
|
39.09B
est: 41.57B (-6.0%)
|
40.13B
est: 42.75B (-6.1%)
|
40.23B
est: 43.83B (-8.2%)
|
39.59B
est: 41.87B (-5.4%)
|
36.11B
est: 33.93B (+6.4%)
|
40.30B
est: 41.25B (-2.3%)
|
46.03B
est: 46.41B (-0.8%)
|
44.14B
est: 46.38B (-4.8%)
|
48.27B
est: 47.00B (+2.7%)
|
45.68B
45.68B – 45.68B
-2.8% YoY
|
47.23B
47.23B – 47.23B
+3.4% YoY
|
47.17B
47.17B – 47.17B
-0.1% YoY
|
| EPS |
44.39
est: 33.81 (+31.3%)
|
39.69
est: 35.17 (+12.9%)
|
55.08
est: 42.63 (+29.2%)
|
54.68
est: 53.75 (+1.7%)
|
48.44
est: 40.80 (+18.7%)
|
43.44
est: 43.48 (-0.1%)
|
84.40
est: 44.95 (+87.8%)
|
126.21
est: 126.20 (+0.0%)
|
49.53
est: 35.10 (+41.1%)
|
49.89
est: 26.38 (+89.1%)
|
92.34
est: 99.90 (-7.6%)
|
39.80
39.80 – 39.80
-60.2% YoY
|
78.50
78.50 – 78.50
+97.2% YoY
|
82.00
82.00 – 82.00
+4.5% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-18 | B | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 5/5 |
| 2026-05-15 | A | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-05-14 | A | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-05-13 | A | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-05-12 | A | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-05-11 | A | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-05-08 | A | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-05-07 | A | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 5/5 |
| 2026-05-01 | A | 4/5 | 5/5 | 3/5 | 5/5 | 1/5 | 3/5 | 5/5 |
| 2026-04-30 | A | 4/5 | 5/5 | 3/5 | 5/5 | 1/5 | 3/5 | 5/5 |
| 2026-04-28 | A- | 4/5 | 5/5 | 3/5 | 5/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-27 | A- | 4/5 | 5/5 | 3/5 | 5/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-24 | A- | 4/5 | 5/5 | 3/5 | 5/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-23 | A- | 4/5 | 5/5 | 3/5 | 5/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-22 | A- | 4/5 | 5/5 | 3/5 | 5/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-21 | A- | 4/5 | 5/5 | 3/5 | 5/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-20 | A- | 4/5 | 5/5 | 3/5 | 5/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-17 | A- | 4/5 | 5/5 | 3/5 | 5/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-16 | A- | 4/5 | 5/5 | 3/5 | 5/5 | 1/5 | 2/5 | 4/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | WisdomTree Japan SmallCap Dividend Fund DFJ | 0.11% | 429.9K | 0.58% |
| 2 | iShares International Developed Small Cap Value Factor ETF ISVL | 0.08% | 265.6K | 0.31% |
| 3 | State Street SPDR S&P International Small Cap ETF GWX | 0.04% | 324.9K | 0.40% |
| 4 | WisdomTree Japan Hedged Equity Fund DXJ | 0.04% | 2.53M | 0.48% |
| 5 | iShares MSCI Japan Small-Cap ETF SCJ | 0.04% | 90.2K | 0.50% |
| 6 | iShares MSCI Japan Small Cap UCITS ETF IDJP.L | 0.03% | 174.1K | 0.58% |
| 7 | Schwab Fundamental International Small Company Index ETF FNDC | 0.03% | 864.7K | 0.39% |
| 8 | WisdomTree International SmallCap Dividend Fund DLS | 0.03% | 277.1K | 0.58% |
| 9 | WisdomTree Dynamic International SmallCap Equity ETF DDLS | 0.03% | 112.3K | 0.48% |
| 10 | WisdomTree Japan Equity UCITS ETF DXJ.L | 0.03% | 207.2K | 0.48% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Hisashi Abe | COO, White Paperboard Sales Division Profit Management Office & Corporate Officer | — | — |
| Katsuhide Nishikata | GM of Administration Dept., Corporate Officer & Nagaoka Mill Manager | — | — |
| Kazuhiro Takasumi | Corporate Officer & Kishu Mill Manager | — | — |
| Kiyoshi Iizuka | Osaka Branch Manager & Corporate Officer | — | — |
| Kunihiro Ando | Corporate Officer, Kanto Mill Manager & GM of Ichikawa Product Department | — | — |
| Makoto Yanagisawa | Chief Financial Officer, Legal & Public Relations Officer, Head of Profit Management Department and Director | — | male |
| Maou Sugimoto | Corporate Officer, Chief Operating Officer & CDO, Sustainability Promotion Division GM | — | male |
| Satoshi Okamoto | Corporate Officer & COO of Performance Materials Sales Division and Domestic Paper Sales Division | — | — |
| Sekio Kishimoto | Chairman & Group CEO | — | male |
| Shigeharu Tachibana | Senior MD, COO of Paper Sales Division & Profit Management Office & Director | — | male |
| Shigeru Wakamoto | President, COO, COO of Production Technology Division & Director | — | male |
| Takashi Kasahara | Corporate Officer & Executives' Secretariat (GM) GM, CEO Office Profit Management Office | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for 3865.T
Short-term intention
Target Price Distribution
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