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Hokuetsu CorporationTSE:3865 Stock Report

Market Cap JP¥140.2b
Share Price
JP¥892.00
JP¥900
0.9% undervalued intrinsic discount
1Y-14.9%
7D1.5%
Portfolio Value
View

Hokuetsu Corporation

TSE:3865 Stock Report

Market Cap: JP¥140.2b

Hokuetsu (3865) Stock Overview

Manufactures and sells paper products in Japan, the rest of Asia, North America, and internationally. More details

3865 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance1/6
Financial Health6/6
Dividends4/6

3865 Community Fair Values

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See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Hokuetsu Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hokuetsu
Historical stock prices
Current Share PriceJP¥936.00
52 Week HighJP¥1,113.00
52 Week LowJP¥809.00
Beta0.25
1 Month Change3.77%
3 Month Change-0.11%
1 Year Change-14.91%
3 Year Change1.52%
5 Year Change52.94%
Change since IPO8.58%

Recent News & Updates

Recent updates

Analysis Article Dec 24

Hokuetsu (TSE:3865) Will Pay A Dividend Of ¥13.00

Hokuetsu Corporation ( TSE:3865 ) will pay a dividend of ¥13.00 on the 30th of June. This will take the annual payment...
Analysis Article Dec 03

Hokuetsu (TSE:3865) Is Due To Pay A Dividend Of ¥13.00

Hokuetsu Corporation's ( TSE:3865 ) investors are due to receive a payment of ¥13.00 per share on 30th of June. This...
Analysis Article Nov 25

Hokuetsu's (TSE:3865) Profits Appear To Have Quality Issues

Hokuetsu Corporation's ( TSE:3865 ) healthy profit numbers didn't contain any surprises for investors. However the...
Analysis Article Sep 18

Hokuetsu's (TSE:3865) Shareholders Will Receive A Bigger Dividend Than Last Year

Hokuetsu Corporation ( TSE:3865 ) has announced that it will be increasing its dividend from last year's comparable...
Analysis Article Sep 09

Hokuetsu (TSE:3865) Has A Pretty Healthy Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Jul 23

Hokuetsu (TSE:3865) Has Announced That It Will Be Increasing Its Dividend To ¥13.00

The board of Hokuetsu Corporation ( TSE:3865 ) has announced that it will be paying its dividend of ¥13.00 on the 3rd...
Analysis Article Jul 09

Hokuetsu (TSE:3865) Is Increasing Its Dividend To ¥13.00

Hokuetsu Corporation ( TSE:3865 ) will increase its dividend from last year's comparable payment on the 3rd of December...
Analysis Article Jun 20

A Look At The Intrinsic Value Of Hokuetsu Corporation (TSE:3865)

Key Insights The projected fair value for Hokuetsu is JP¥1,048 based on 2 Stage Free Cash Flow to Equity Current share...
Analysis Article May 26

Hokuetsu's (TSE:3865) Earnings Are Of Questionable Quality

Despite posting some strong earnings, the market for Hokuetsu Corporation's ( TSE:3865 ) stock hasn't moved much. Our...
Analysis Article Apr 15

Here's Why Hokuetsu (TSE:3865) Can Manage Its Debt Responsibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Mar 20

Hokuetsu (TSE:3865) Is Due To Pay A Dividend Of ¥11.00

Hokuetsu Corporation ( TSE:3865 ) will pay a dividend of ¥11.00 on the 30th of June. Although the dividend is now...
Analysis Article Feb 14

Why We're Not Concerned About Hokuetsu Corporation's (TSE:3865) Share Price

Hokuetsu Corporation's ( TSE:3865 ) price-to-earnings (or "P/E") ratio of 45.3x might make it look like a strong sell...
Analysis Article Jan 27

Here's What's Concerning About Hokuetsu's (TSE:3865) Returns On Capital

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Analysis Article Dec 20

Hokuetsu's (TSE:3865) Dividend Will Be ¥11.00

The board of Hokuetsu Corporation ( TSE:3865 ) has announced that it will pay a dividend of ¥11.00 per share on the...
Analysis Article Dec 04

Hokuetsu's (TSE:3865) Dividend Will Be ¥11.00

Hokuetsu Corporation's ( TSE:3865 ) investors are due to receive a payment of ¥11.00 per share on 30th of June. Despite...
Analysis Article Nov 25

Hokuetsu's (TSE:3865) Soft Earnings Don't Show The Whole Picture

Hokuetsu Corporation's ( TSE:3865 ) recent soft profit numbers didn't appear to worry shareholders, as the stock price...
Analysis Article Nov 15

Does Hokuetsu (TSE:3865) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Oct 11

Calculating The Intrinsic Value Of Hokuetsu Corporation (TSE:3865)

Key Insights The projected fair value for Hokuetsu is JP¥1,497 based on 2 Stage Free Cash Flow to Equity With JP¥1,600...
Analysis Article Sep 25

Hokuetsu (TSE:3865) Is Increasing Its Dividend To ¥11.00

Hokuetsu Corporation ( TSE:3865 ) has announced that it will be increasing its dividend from last year's comparable...
Analysis Article Aug 31

Hokuetsu (TSE:3865) May Have Issues Allocating Its Capital

When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
Analysis Article Aug 16

Hokuetsu Corporation (TSE:3865) Stocks Shoot Up 29% But Its P/E Still Looks Reasonable

Hokuetsu Corporation ( TSE:3865 ) shareholders would be excited to see that the share price has had a great month...
Analysis Article Aug 13

Does Hokuetsu (TSE:3865) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jul 26

Hokuetsu's (TSE:3865) Upcoming Dividend Will Be Larger Than Last Year's

Hokuetsu Corporation ( TSE:3865 ) will increase its dividend from last year's comparable payment on the 4th of December...
Analysis Article Jul 11

Hokuetsu (TSE:3865) Is Increasing Its Dividend To ¥11.00

Hokuetsu Corporation's ( TSE:3865 ) dividend will be increasing from last year's payment of the same period to ¥11.00...
Analysis Article Jun 29

Estimating The Fair Value Of Hokuetsu Corporation (TSE:3865)

Key Insights Hokuetsu's estimated fair value is JP¥1,203 based on 2 Stage Free Cash Flow to Equity Current share price...
Analysis Article May 23

Some May Be Optimistic About Hokuetsu's (TSE:3865) Earnings

Hokuetsu Corporation's ( TSE:3865 ) earnings announcement last week didn't impress shareholders. However, our analysis...
Analysis Article Apr 05

Is Hokuetsu (TSE:3865) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Mar 18

Shareholders Should Be Pleased With Hokuetsu Corporation's (TSE:3865) Price

When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 14x, you may consider...
Analysis Article Feb 29

Investors Will Want Hokuetsu's (TSE:3865) Growth In ROCE To Persist

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...

Shareholder Returns

3865JP ForestryJP Market
7D1.5%1.8%0.8%
1Y-14.9%23.3%40.9%

Return vs Industry: 3865 underperformed the JP Forestry industry which returned 23.3% over the past year.

Return vs Market: 3865 underperformed the JP Market which returned 40.9% over the past year.

Price Volatility

Is 3865's price volatile compared to industry and market?
3865 volatility
3865 Average Weekly Movement5.1%
Forestry Industry Average Movement4.8%
Market Average Movement4.9%
10% most volatile stocks in JP Market9.6%
10% least volatile stocks in JP Market2.4%

Stable Share Price: 3865 has not had significant price volatility in the past 3 months compared to the JP market.

Volatility Over Time: 3865's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19073,711Sekio Kishimotowww.hokuetsucorp.com

Hokuetsu Corporation manufactures and sells paper products in Japan, the rest of Asia, North America, and internationally. It operates through Pulp and Paper Business, Packaging and Paper Processing Business, and Other segments. The company is also involved in the manufacture and sale of paper containers and liquid containers, as well as manufacture, processing, and sale of processed paper products; and wood material, construction, logistics, and used paper wholesale businesses.

Hokuetsu Corporation Fundamentals Summary

How do Hokuetsu's earnings and revenue compare to its market cap?
3865 fundamental statistics
Market capJP¥140.23b
Earnings (TTM)JP¥10.50b
Revenue (TTM)JP¥288.91b
13.2x
P/E Ratio
0.5x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3865 income statement (TTM)
RevenueJP¥288.91b
Cost of RevenueJP¥231.06b
Gross ProfitJP¥57.86b
Other ExpensesJP¥47.36b
EarningsJP¥10.50b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)70.83
Gross Margin20.03%
Net Profit Margin3.63%
Debt/Equity Ratio37.5%

How did 3865 perform over the long term?

See historical performance and comparison

Dividends

2.8%
Current Dividend Yield
38%
Payout Ratio

Does 3865 pay a reliable dividends?

See 3865 dividend history and benchmarks
When do you need to buy 3865 by to receive an upcoming dividend?
Hokuetsu dividend dates
Ex Dividend DateMar 30 2026
Dividend Pay DateJun 30 2026
Days until Ex dividend47 days
Days until Dividend pay date45 days

Does 3865 pay a reliable dividends?

See 3865 dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/15 13:37
End of Day Share Price 2026/05/15 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hokuetsu Corporation is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Akiko KuwaharaBofA Global Research
Masahiro ShibanoCitigroup Inc
Jeremie CapronCLSA