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Forval Corporation

8275.T

JPXTechnologyTechnology Distributors

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Latest quote

¥992

−¥3.00 · -0.30%

8275.T company overview

Company profile

Company website

Forval Corporation engages in the provision of information telecommunications consulting services to small-and medium-sized companies in Japan. The company also offers management consulting services, including consulting, overseas expansion, human resources/education, environment, business succession, etc. In addition, it provides information communications consulting services, such as IP integrated system, information security, web construction, etc. Forval Corporation was incorporated in 1980 and is headquartered in Tokyo, Japan.

Industry
Technology Distributors
Sector
Technology
Headquarters
JP
CEO
Masanori Nakajima
Listed since
Nov 2, 2004
Employees
2,530

Market position

Volume
30.6K
2.06× average
Average volume
14.89K
Average daily volume
Market cap
25.9B JPY
Beta
0.55
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
16.92×
P/B (TTM)
1.41×
P/S (TTM)
0.36×
Dividend yield
3.13%

Profitability & efficiency

Gross margin
37.00%
Operating margin
5.11%
Net margin
2.11%

Financial health

Debt / equity
0.12×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends40%26%13%-1%Gross margin, FY2021: 36.96%Gross margin, FY2022: 34.19%Gross margin, FY2023: 35.36%Gross margin, FY2024: 34.77%Gross margin, FY2025: 36.86%Operating margin, FY2021: 5.21%Operating margin, FY2022: 4.10%Operating margin, FY2023: 5.09%Operating margin, FY2024: 5.15%Operating margin, FY2025: 5.13%Net margin, FY2021: 3.56%Net margin, FY2022: 2.82%Net margin, FY2023: 3.17%Net margin, FY2024: 2.99%Net margin, FY2025: 2.07%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 36.96%. Gross margin FY2022 34.19%. Gross margin FY2023 35.36%. Gross margin FY2024 34.77%. Gross margin FY2025 36.86%. Operating margin FY2021 5.21%. Operating margin FY2022 4.10%. Operating margin FY2023 5.09%. Operating margin FY2024 5.15%. Operating margin FY2025 5.13%. Net margin FY2021 3.56%. Net margin FY2022 2.82%. Net margin FY2023 3.17%. Net margin FY2024 2.99%. Net margin FY2025 2.07%.

Income trends

Revenue

71.52B JPY-1.52%

Operating income

3.67B JPY-1.90%

Net income

1.48B JPY-31.85%
Income trends across reported periods79.74B JPY51.28B JPY22.82B JPY−5.64B JPYRevenue, FY2021: 51.54B JPYRevenue, FY2022: 59.54B JPYRevenue, FY2023: 63.53B JPYRevenue, FY2024: 72.63B JPYRevenue, FY2025: 71.52B JPYOperating income, FY2021: 2.69B JPYOperating income, FY2022: 2.44B JPYOperating income, FY2023: 3.24B JPYOperating income, FY2024: 3.74B JPYOperating income, FY2025: 3.67B JPYNet income, FY2021: 1.84B JPYNet income, FY2022: 1.68B JPYNet income, FY2023: 2.01B JPYNet income, FY2024: 2.17B JPYNet income, FY2025: 1.48B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 51.54B JPY. Revenue FY2022 59.54B JPY. Revenue FY2023 63.53B JPY. Revenue FY2024 72.63B JPY. Revenue FY2025 71.52B JPY. Operating income FY2021 2.69B JPY. Operating income FY2022 2.44B JPY. Operating income FY2023 3.24B JPY. Operating income FY2024 3.74B JPY. Operating income FY2025 3.67B JPY. Net income FY2021 1.84B JPY. Net income FY2022 1.68B JPY. Net income FY2023 2.01B JPY. Net income FY2024 2.17B JPY. Net income FY2025 1.48B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue71.52B JPY72.63B JPY63.53B JPY59.54B JPY51.54B JPY
Cost of goods sold45.16B JPY47.38B JPY41.07B JPY39.18B JPY32.49B JPY
Gross profit26.36B JPY25.25B JPY22.46B JPY20.36B JPY19.05B JPY
Research and development——58M JPY82M JPY76M JPY
Selling, general, and administrative22.69B JPY21.51B JPY19.17B JPY17.91B JPY16.42B JPY
Operating expenses22.69B JPY21.51B JPY19.23B JPY17.91B JPY16.36B JPY
Interest income20.92M JPY9.89M JPY5.39M JPY5.35M JPY4.63M JPY
Interest expense33.7M JPY57.26M JPY17.53M JPY18.55M JPY22.6M JPY
Depreciation and amortization2.12B JPY2.11B JPY1.68B JPY1.49B JPY1.36B JPY
Operating income3.67B JPY3.74B JPY3.24B JPY2.44B JPY2.69B JPY
Net income1.48B JPY2.17B JPY2.01B JPY1.68B JPY1.84B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
4.44

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates48.0827.216.33-14.54Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 13, 2024: actual 23.92, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 12, 2025: actual 21.11, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual 30.6, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 2.48, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 12, 2025: actual 20.62, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 10, 2026: actual -10.22, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 43.76, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 10, 2026: actual 4.44, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates21.5B19.39B17.28B15.17BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 13, 2024: actual 18.02B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 12, 2025: actual 18.12B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual 20.67B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 16B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 12, 2025: actual 17.94B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 10, 2026: actual 17.62B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 19.97B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 10, 2026: actual 16.87B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥30.00

2025 complete year+15.4% since 2021

2026 partial: ¥31.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Mar 30, 2027

¥32.00

Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥31.00

Annual

Record Mar 31, 2026 · Payment Jun 5, 2026

Dividend

Ex-dividend Mar 28, 2025

¥30.00

Annual

Record Mar 31, 2025 · Payment Jun 5, 2025

Dividend

Ex-dividend Mar 28, 2024

¥28.00

Annual

Record Mar 31, 2024 · Payment Jun 5, 2024

Dividend

Ex-dividend Mar 30, 2023

¥27.00

Annual

Record Mar 31, 2023 · Payment Jun 5, 2023

Dividend

Ex-dividend Mar 30, 2022

¥26.00

Annual

Record Mar 31, 2022 · Payment Jun 3, 2022

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