Company profile

Hokuetsu Corporation

EDINET
E00645
Securities
3865
Industry
Pulp & Paper
Latest annual securities report
2026-06-25 Annual Securities Report PDF HTML
Latest financial report
—
Latest filing
2026-07-17 Shelf Registration Supplement PDF HTML
Compare this company

Industry position

Pulp & Paper

View details
Profitability Weak Current Bottom 23% 5-year trend Deteriorating
Financial strength Strong Based on Equity ratio Current Top 30% 5-year trend Improving
Growth Weak Current Bottom 11% 5-year trend Deteriorating
Cash generation Below average Current Bottom 43% 5-year trend Deteriorating

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2026

Consolidated Japanese GAAP

Revenue reached ¥287.74 billion, down 5.9% year over year. Operating income was ¥7.54 billion, down 61.8% year over year. Operating margin was 2.6%. Net income was ¥7.3 billion, down 53.0% year over year. ROE was 2.9%; equity ratio was 59.9%; free cash flow was ¥6.91 billion.

Revenue ¥287.74B down 5.9% year over year
Operating income ¥7.54B down 61.8% year over year
Net income ¥7.3B down 53.0% year over year
Total assets¥420.57B
Total equity—
Operating cash flow¥10.19B
Free cash flow¥6.91B

Industry position details

Pulp & Paper

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Weak

Operating margin Bottom 75% / ROE Bottom 90%

Financial strength Strong
Based on Equity ratio

Equity ratio Top 35%

Growth Weak

Revenue growth Bottom 95% / 3-year revenue CAGR Bottom 95%

Cash generation Below average

Operating cash flow margin Bottom 85% / Free cash flow margin Top 40%

Profitability Industry position history Deteriorating
2026 Bottom 23% 2025 Top 23% 2024 Bottom 46% 2023 Top 50% 2022 Top 15%
Financial strength Industry position history Improving
2026 Top 30% 2025 Top 34% 2024 Top 34% 2023 Top 42% 2022 Top 42%
Growth Industry position history Deteriorating
2026 Bottom 11% 2025 Top 40% 2024 Top 34% 2023 Top 19% 2022 Top 36%
Cash generation Industry position history Deteriorating
2026 Bottom 43% 2025 Top 5% 2024 Bottom 42% 2023 Bottom 17% 2022 Top 44%
Profitability Operating margin 2.6% Industry median 3.6% Bottom 75% Comparison sample 20
Profitability ROE 2.9% Industry median 4.8% Bottom 90% Comparison sample 20
Financial strength Equity ratio 59.9% Industry median 50.9% Top 35% Comparison sample 20
Growth Revenue growth -5.9% Industry median +0.9% Bottom 95% Comparison sample 19
Growth 3-year revenue CAGR -1.5% Industry median +1.9% Bottom 95% Comparison sample 19
Cash generation Operating cash flow margin 3.5% Industry median 7.5% Bottom 85% Comparison sample 20
Cash generation Free cash flow margin 2.4% Industry median 1.9% Top 40% Comparison sample 20

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2026 Consolidated Japanese GAAP 287736000000 7539000000 11271000000 7299000000 7299000000 17530000000 420574000000 167827000000 252747000000 206939000000 252747000000 10192000000 -3279000000 -6254000000 6913000000 26421000000 43.59 20.97 914.0823 149043965467.2822 1585.72 163053114 0.6009572632 0.599 0.0288786811 0.0173548531 0.026201101 0.0391713237 0.0253670031 0.0354213585 0.0240254956 -0.0588189115 -0.6178334263 -0.3991683992 -0.5299761736 0.0040393237 -0.0493587091 -0.7510016613 0.8257334184 0.6729250562 -0.6874208718 0.0506203277 -0.5279402209 -0.1329411647 0.0045809755 3728
FY2025 Consolidated Japanese GAAP 305718000000 19727000000 18759000000 15529000000 15529000000 17676000000 418882000000 153012000000 265870000000 229228000000 265870000000 40932000000 -18816000000 -19121000000 22116000000 25148000000 92.34 13.23 1221.6582 229736628753.6348 1575.9 188053114 0.634713356 0.633 0.0584082446 0.037072493 0.0645267861 0.0613604695 0.0507951773 0.1338880929 0.0723411772 0.0291594851 0.2921333595 0.0558932793 0.8495712244 0.0078266916 0.053363497 0.8338709677 -0.2144055764 -4.0305182847 2.2399648403 0.135862692 0.8490188226 0.0 -0.0101360363 3711
FY2024 Consolidated Japanese GAAP 297056000000 15267000000 17766000000 8396000000 8396000000 30283000000 415629000000 163228000000 252401000000 217798000000 252401000000 22320000000 -15494000000 -3801000000 6826000000 22140000000 49.94 38.52 1923.6888 361755669206.9232 1496.55 188053114 0.6072747571 0.605 0.0332645275 0.0202007078 0.0513943499 0.0598069051 0.028264031 0.0751373478 0.0229788323 -0.0137713975 -0.1169018973 0.5487751722 0.0085285285 0.0699843478 0.1170657225 11.7835051546 -0.2149298204 -0.8108623154 1.6201508131 0.2257100149 0.0080742834 0.0 -0.0994475138 3749
FY2023 Consolidated Japanese GAAP 301204000000 17288000000 11471000000 8325000000 8325000000 13488000000 388444000000 162494000000 225950000000 213226000000 225950000000 1746000000 -12753000000 -2099000000 -11007000000 18063000000 49.54 17.91 887.2614 166852269201.9996 1339.89 188053114 0.5816797273 0.58 0.0368444346 0.0214316607 0.0573963161 0.0380838236 0.0276390752 0.0057967358 -0.0365433394 0.1513210201 -0.1548276705 -0.6113369926 -0.6074224276 0.0304757054 0.041369012 -0.913504409 -6.7384708738 0.8906030125 -1.5937533715 -0.4033691164 -0.6075106956 0.0 -0.025058548 4163
FY2022 Consolidated Japanese GAAP 261616000000 20455000000 29514000000 21206000000 21206000000 24088000000 376956000000 159981000000 216974000000 209338000000 216974000000 20186000000 -1648000000 -19187000000 18538000000 30275000000 126.22 5.51 695.4722 130785712910.4308 1286.82 188053114 0.5755950297 0.574 0.0977352125 0.0562559025 0.0781871139 0.112814201 0.0810577335 0.0771588894 0.0708595805 0.1760453847 11.0252792475 2.0252152522 0.4963307931 0.0382317703 0.1103014548 -0.1504208754 0.9158109834 -5.4027076641 3.4296296296 0.0143737854 0.4954976303 0.0 -0.0605060506 4270
FY2021 Consolidated Japanese GAAP 222454000000 1701000000 9756000000 14172000000 14172000000 16776000000 363075000000 167656000000 195419000000 190550000000 195419000000 23760000000 -19575000000 4358000000 4185000000 29846000000 84.4 6.14 518.216 97452132524.624 1159.49 188053114 0.5382331474 0.536 0.0725210957 0.0390332576 0.0076465247 0.0438562579 0.063707553 0.1068085986 0.0188128782 -0.1593391228 -0.8482334047 -0.3766930744 0.7556987116 0.0532125048 0.0804927541 -0.4596807204 0.0308926184 1.2524766815 -0.8239747634 0.3957816957 0.9424626007 0.0 -0.030503413 4545
FY2020 Consolidated Japanese GAAP 264618000000 11208000000 15652000000 8072000000 8072000000 677000000 344731000000 163869000000 180861000000 178533000000 180861000000 43974000000 -20199000000 -17261000000 23775000000 21383000000 43.45 9.3 404.085 75989442570.690 1073.08 188053114 0.5246438527 0.523 0.0446309597 0.0234153586 0.0423553953 0.0591494154 0.0305043497 0.1661791715 0.0898464957 -0.0405682234 0.1064165844 0.2026123703 -0.1182960131 -0.0634396683 -0.0622209778 1.0333857394 -0.0479921137 -17.4807280514 9.1084183673 0.406591238 -0.103014038 -0.1013586611 -0.0055154858 4688
FY2019 Consolidated Japanese GAAP 275807000000 10130000000 13015000000 9155000000 9155000000 3210000000 368082000000 175220000000 192861000000 183034000000 192861000000 21626000000 -19274000000 -934000000 2352000000 15202000000 48.44 13.36 647.1584 135426835046.1376 1016.16 209263814 0.5239620519 0.522 0.047469421 0.0248721752 0.0367285819 0.0471887951 0.0331935013 0.0784099026 0.0085277023 0.0249276289 -0.1124934291 -0.064140361 -0.1134889126 0.0022818617 0.0046047183 0.0954865508 -0.3613504732 0.9122510334 -0.5787211177 0.0644912821 -0.1141185077 -0.0136011718 4714
FY2018 Consolidated Japanese GAAP 269099000000 11414000000 13907000000 10327000000 10327000000 13008000000 367244000000 175266000000 191977000000 176383000000 191977000000 19741000000 -14158000000 -10644000000 5583000000 14281000000 54.68 12.55 686.2340 1011.58 0.5227505419 0.521 0.0537929023 0.0281202688 0.0424156166 0.051679865 0.038376211 0.0733596186 0.0207470113 0.0255375422 -0.1151937984 -0.0105300605 -0.005105973 0.0139120112 0.0604472088 -0.3173455979 -0.0373681125 0.2631870414 -0.6343811395 -0.259437876 -0.007442367 0.0020968757 4779
FY2017 Consolidated Japanese GAAP 262398000000 12900000000 14055000000 10380000000 10380000000 13840000000 362205000000 181170000000 181034000000 168010000000 181034000000 28918000000 -13648000000 -14446000000 15270000000 19284000000 55.09 14.09 776.2181 956.63 0.4998108806 0.498 0.0573372958 0.0286578043 0.0491619601 0.0535636705 0.0395582283 0.1102066327 0.0581940411 0.062989925 0.3967085318 0.32757155 0.3884430177 -0.0039955123 0.0678644952 0.3807954925 -2.7618522602 -0.174376067 -0.1181056887 0.0208575966 0.3880070547 -0.0066652781 4769

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp