
Hokuetsu Corporation
3865.TJPXBasic MaterialsPaper, Lumber & Forest Products
Latest quote
¥900
−¥5.00 · -0.55%
3865.T company overview
Regular session · JST · Market data may be delayed.
Company profile
Company websiteHokuetsu 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.
- Industry
- Paper, Lumber & Forest Products
- Sector
- Basic Materials
- Headquarters
- JP
- CEO
- Sekio Kishimoto
- Listed since
- Jan 4, 2000
- Employees
- 3,728
Market position
Day range
Current ¥900
52-week range
Current ¥900
- Open
- ¥909
- Previous close
- ¥905
- Volume
- 124.3K
- 0.43× average
- Average volume
- 291.68K
- Average daily volume
- Market cap
- 142.92B JPY
- Beta
- 0.25
- Market reference 1
- 50-day average
- ¥906.28
- -0.69% below average
- 200-day average
- ¥911.28
- -1.24% below average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 220.28B JPY
- P/E (TTM)
- 22.02×
- P/B (TTM)
- 0.57×
- P/S (TTM)
- 0.5×
- EV / EBITDA
- 8.35×
- Earnings yield
- 4.77%
- Free cash flow yield
- -5.27%
- Dividend yield
- 2.89%
Profitability & efficiency
- Gross margin
- 18.66%
- Operating margin
- 1.73%
- Net margin
- 2.34%
- Return on equity
- 2.90%
- Return on assets
- 1.74%
- Return on invested capital
- 1.26%
Financial health
- Debt / equity
- 0.42×
- Current ratio
- 2.13×
- Altman Z-score
- 2
- Piotroski F-score
- 3 of 9
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (JPY) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 287.74B JPY | 305.72B JPY | 297.06B JPY | 301.2B JPY | 261.62B JPY |
| Cost of goods sold | 231.28B JPY | 236.92B JPY | 236.91B JPY | 237.19B JPY | 200.49B JPY |
| Gross profit | 56.46B JPY | 68.8B JPY | 60.15B JPY | 64.02B JPY | 61.13B JPY |
| Research and development | — | 805M JPY | 745M JPY | 702M JPY | 614M JPY |
| Selling, general, and administrative | 48.92B JPY | 48.27B JPY | 44.14B JPY | 46.03B JPY | 40.3B JPY |
| Operating expenses | 49.33B JPY | 49.07B JPY | 44.88B JPY | 46.73B JPY | 40.92B JPY |
| Interest income | 435M JPY | 826M JPY | 788M JPY | 128M JPY | 27M JPY |
| Interest expense | 865M JPY | 766M JPY | 841M JPY | 796M JPY | 393M JPY |
| Depreciation and amortization | 14.01B JPY | 13.31B JPY | 13.02B JPY | 12B JPY | 13.35B JPY |
| Operating income | 7.13B JPY | 19.73B JPY | 15.27B JPY | 17.29B JPY | 20.21B JPY |
| Net income | 7.3B JPY | 15.53B JPY | 8.39B JPY | 8.33B JPY | 21.21B JPY |
Company facts updated Aug 24, 2026.
3865.T peers
ETFs holding 3865.T
Funds reporting this stock among their holdings, ordered by reported position size.
iShares Core TOPIX ETF1475.T257.74M0.01%2.89T JPY0.05%¥417.9-0.02%
Vanguard Total International Stock ETFVXUS8.09M0.00%646.2B USD0.05%$87.71+0.78%
iShares Core MSCI EAFE ETFIEFA5.64M0.00%195.14B USD0.07%$100.85+0.86%
Vanguard FTSE Developed Markets ETFVEA5.31M0.00%315B USD0.03%$73.42+0.80%
WisdomTree Japan Hedged Equity FundDXJ2.37M0.04%7.11B USD0.48%$177.54+1.10%
Vanguard FTSE All-World ex-US Small-Cap ETFVSS2M0.01%13.6B USD0.06%$160.06+0.43%
iShares MSCI EAFE Small-Cap ETFSCZ1.96M0.01%13.28B USD0.40%$86.60+0.70%
iShares Core MSCI International Developed Markets ETFIDEV1.17M0.00%32.6B USD0.04%$93.31+0.82%
iShares Core TOPIX ETF1475.T- Market value
- 257.74M
- Weight
- 0.01%
- AUM
- 2.89T JPY
- Expense ratio
- 0.05%
- Price / 1D
- ¥417.9-0.02%
Vanguard Total International Stock ETFVXUS- Market value
- 8.09M
- Weight
- 0.00%
- AUM
- 646.2B USD
- Expense ratio
- 0.05%
- Price / 1D
- $87.71+0.78%
iShares Core MSCI EAFE ETFIEFA- Market value
- 5.64M
- Weight
- 0.00%
- AUM
- 195.14B USD
- Expense ratio
- 0.07%
- Price / 1D
- $100.85+0.86%
Vanguard FTSE Developed Markets ETFVEA- Market value
- 5.31M
- Weight
- 0.00%
- AUM
- 315B USD
- Expense ratio
- 0.03%
- Price / 1D
- $73.42+0.80%
WisdomTree Japan Hedged Equity FundDXJ- Market value
- 2.37M
- Weight
- 0.04%
- AUM
- 7.11B USD
- Expense ratio
- 0.48%
- Price / 1D
- $177.54+1.10%
Vanguard FTSE All-World ex-US Small-Cap ETFVSS- Market value
- 2M
- Weight
- 0.01%
- AUM
- 13.6B USD
- Expense ratio
- 0.06%
- Price / 1D
- $160.06+0.43%
iShares MSCI EAFE Small-Cap ETFSCZ- Market value
- 1.96M
- Weight
- 0.01%
- AUM
- 13.28B USD
- Expense ratio
- 0.40%
- Price / 1D
- $86.60+0.70%
iShares Core MSCI International Developed Markets ETFIDEV- Market value
- 1.17M
- Weight
- 0.00%
- AUM
- 32.6B USD
- Expense ratio
- 0.04%
- Price / 1D
- $93.31+0.82%
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