Hokuetsu Corporation

TSE:3865 Stock Report

Market Cap: JP¥252.9b

Hokuetsu Balance Sheet Health

Financial Health criteria checks 6/6

Hokuetsu has a total shareholder equity of ¥263.9B and total debt of ¥93.1B, which brings its debt-to-equity ratio to 35.3%. Its total assets and total liabilities are ¥417.8B and ¥153.9B respectively. Hokuetsu's EBIT is ¥12.2B making its interest coverage ratio -12.1. It has cash and short-term investments of ¥28.5B.

Key information

35.3%

Debt to equity ratio

JP¥93.07b

Debt

Interest coverage ratio-12.1x
CashJP¥28.48b
EquityJP¥263.91b
Total liabilitiesJP¥153.86b
Total assetsJP¥417.77b

Recent financial health updates

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

Nov 15
Does Hokuetsu (TSE:3865) Have A Healthy Balance Sheet?

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

Aug 13
Does Hokuetsu (TSE:3865) Have A Healthy Balance Sheet?

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

Apr 05
Is Hokuetsu (TSE:3865) Using Too Much Debt?

Recent updates

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

Jan 27
Here's What's Concerning About Hokuetsu's (TSE:3865) Returns On Capital

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

Dec 20
Hokuetsu's (TSE:3865) Dividend Will Be ¥11.00

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

Dec 04
Hokuetsu's (TSE:3865) Dividend Will Be ¥11.00

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

Nov 25
Hokuetsu's (TSE:3865) Soft Earnings Don't Show The Whole Picture

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

Nov 15
Does Hokuetsu (TSE:3865) Have A Healthy Balance Sheet?

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

Oct 11
Calculating The Intrinsic Value Of Hokuetsu Corporation (TSE:3865)

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

Sep 25
Hokuetsu (TSE:3865) Is Increasing Its Dividend To ¥11.00

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

Aug 31
Hokuetsu (TSE:3865) May Have Issues Allocating Its Capital

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

Aug 16
Hokuetsu Corporation (TSE:3865) Stocks Shoot Up 29% But Its P/E Still Looks Reasonable

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

Aug 13
Does Hokuetsu (TSE:3865) Have A Healthy Balance Sheet?

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

Jul 26
Hokuetsu's (TSE:3865) Upcoming Dividend Will Be Larger Than Last Year's

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

Jul 11
Hokuetsu (TSE:3865) Is Increasing Its Dividend To ¥11.00

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

Jun 29
Estimating The Fair Value Of Hokuetsu Corporation (TSE:3865)

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

May 23
Some May Be Optimistic About Hokuetsu's (TSE:3865) Earnings

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

Apr 05
Is Hokuetsu (TSE:3865) Using Too Much Debt?

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

Mar 18
Shareholders Should Be Pleased With Hokuetsu Corporation's (TSE:3865) Price

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

Feb 29
Investors Will Want Hokuetsu's (TSE:3865) Growth In ROCE To Persist

Financial Position Analysis

Short Term Liabilities: 3865's short term assets (¥179.8B) exceed its short term liabilities (¥85.0B).

Long Term Liabilities: 3865's short term assets (¥179.8B) exceed its long term liabilities (¥68.9B).

Debt to Equity History and Analysis

Debt Level: 3865's net debt to equity ratio (24.5%) is considered satisfactory.

Reducing Debt: 3865's debt to equity ratio has reduced from 48.9% to 35.3% over the past 5 years.

Debt Coverage: 3865's debt is well covered by operating cash flow (36.4%).

Interest Coverage: 3865 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/30 21:25
End of Day Share Price 2025/01/30 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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 here.

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 .

Analyst Sources

Hokuetsu Corporation is covered by 11 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