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Forval RealStraight Inc. logo

Forval RealStraight Inc.

9423.T

JPXReal EstateReal Estate - Services

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Latest quote

¥105

+¥1.00 · +0.96%

Aug 24, 11:30 AM JST

9423.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Forval RealStraight Inc., headquartered in Tokyo, Japan, specializes in real estate brokerage and provides comprehensive support services for office relocations across the country. Additionally, the company is involved in the sale of office automation and communication technology equipment. Established in 1995, it was originally named Fread Co., Ltd. until its transformation to Forval RealStraight Inc. in July 2009. The firm operates as a subsidiary of Forval Co., Ltd.

Industry
Real Estate - Services
Sector
Real Estate
Headquarters
JP
CEO
Naoki Haga
Listed since
Nov 30, 2005
Employees
114

Market position

52-week range

Current ¥105

Open
¥105
Previous close
¥104
Volume
46K
0.38× average
Average volume
119.88K
Average daily volume
Market cap
2.55B JPY
Beta
0.22
Market reference 1
50-day average
¥102.86
+2.08% above average
200-day average
¥106.29
-1.21% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.55B JPY
P/E (TTM)
12.65×
P/B (TTM)
3.68×
P/S (TTM)
0.54×
EV / EBITDA
10.41×
Earnings yield
6.70%
Free cash flow yield
7.44%
Dividend yield
2.67%

Profitability & efficiency

Gross margin
36.26%
Operating margin
4.37%
Net margin
4.28%
Return on equity
22.68%
Return on assets
9.03%
Return on invested capital
13.96%

Financial health

Debt / equity
0×
Current ratio
1.58×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends44%29%14%-1%Gross margin, FY2021: 40.50%Gross margin, FY2022: 38.54%Gross margin, FY2023: 40.38%Gross margin, FY2024: 39.57%Gross margin, FY2025: 35.92%Operating margin, FY2021: 2.43%Operating margin, FY2022: 5.26%Operating margin, FY2023: 5.51%Operating margin, FY2024: 4.03%Operating margin, FY2025: 3.05%Net margin, FY2021: 2.34%Net margin, FY2022: 3.77%Net margin, FY2023: 4.24%Net margin, FY2024: 2.75%Net margin, FY2025: 3.71%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 40.50%. Gross margin FY2022 38.54%. Gross margin FY2023 40.38%. Gross margin FY2024 39.57%. Gross margin FY2025 35.92%. Operating margin FY2021 2.43%. Operating margin FY2022 5.26%. Operating margin FY2023 5.51%. Operating margin FY2024 4.03%. Operating margin FY2025 3.05%. Net margin FY2021 2.34%. Net margin FY2022 3.77%. Net margin FY2023 4.24%. Net margin FY2024 2.75%. Net margin FY2025 3.71%.

Income trends

Revenue

4.56B JPY+45.35%

Operating income

139.15M JPY+10.07%

Net income

169.16M JPY+95.91%
Income trends across reported periods5.02B JPY3.21B JPY1.4B JPY−400.92M JPYRevenue, FY2021: 2.15B JPYRevenue, FY2022: 2.98B JPYRevenue, FY2023: 3.07B JPYRevenue, FY2024: 3.14B JPYRevenue, FY2025: 4.56B JPYOperating income, FY2021: 52.3M JPYOperating income, FY2022: 156.5M JPYOperating income, FY2023: 169M JPYOperating income, FY2024: 126.41M JPYOperating income, FY2025: 139.15M JPYNet income, FY2021: 50.41M JPYNet income, FY2022: 112.23M JPYNet income, FY2023: 130.16M JPYNet income, FY2024: 86.35M JPYNet income, FY2025: 169.16M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.15B JPY. Revenue FY2022 2.98B JPY. Revenue FY2023 3.07B JPY. Revenue FY2024 3.14B JPY. Revenue FY2025 4.56B JPY. Operating income FY2021 52.3M JPY. Operating income FY2022 156.5M JPY. Operating income FY2023 169M JPY. Operating income FY2024 126.41M JPY. Operating income FY2025 139.15M JPY. Net income FY2021 50.41M JPY. Net income FY2022 112.23M JPY. Net income FY2023 130.16M JPY. Net income FY2024 86.35M JPY. Net income FY2025 169.16M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue4.56B JPY3.14B JPY3.07B JPY2.98B JPY2.15B JPY
Cost of goods sold2.92B JPY1.9B JPY1.83B JPY1.83B JPY1.28B JPY
Gross profit1.64B JPY1.24B JPY1.24B JPY1.15B JPY872.34M JPY
Selling, general, and administrative1.5B JPY1.12B JPY1.06B JPY986.4M JPY815.74M JPY
Operating expenses1.5B JPY1.12B JPY1.07B JPY990.2M JPY815.74M JPY
Interest income840K JPY409K JPY5K JPY5K JPY4K JPY
Depreciation and amortization9.8M JPY6.98M JPY5.44M JPY3.67M JPY4.31M JPY
Operating income139.15M JPY126.41M JPY169M JPY156.5M JPY52.3M JPY
Net income169.16M JPY86.35M JPY130.16M JPY112.23M JPY50.41M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.54

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates4.242.450.65-1.14Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 14, 2024: actual 0.5, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 0.61, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 14, 2025: actual 0.72, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual -0.77, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 2.02, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual 1.86, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 3.87, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 0.54, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates1.26B1.05B842.53M634.6MQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 14, 2024: actual 811M JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 683M JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 14, 2025: actual 697M JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 1.03B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 1.19B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual 1.14B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 1.21B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 1.16B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥2.60

2025 complete year+45.6% since 2021

2026 partial: ¥2.80

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Mar 30, 2027

¥3.00

Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥2.80

Annual

Record Mar 31, 2026 · Payment Jun 15, 2026

Dividend

Ex-dividend Mar 28, 2025

¥2.60

Annual

Record Mar 31, 2025 · Payment Jun 10, 2025

Dividend

Ex-dividend Mar 28, 2024

¥2.40

Annual

Record Mar 31, 2024 · Payment Jun 12, 2024

Dividend

Ex-dividend Mar 30, 2023

¥2.20

Annual

Record Mar 31, 2023 · Payment Jun 30, 2023

Dividend

Ex-dividend Mar 30, 2022

¥2.00

Annual

Record Mar 31, 2022 · Payment Jun 23, 2022

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