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Process Industries

Hokuetsu Corp.

Business Summary

Hokuetsu Corp. engages in the manufacture and sale of paper and pulp products. It operates through the following segments: Paper and Pulp, Packaging and Paper Processing, and Others. The Paper and Pulp segment provides printing paper, white paperboard, and specialty paper. The Packaging and Paper Processing segment offers paper containers, liquid package cartons, laminated paper, functional materials, business forms, and data processing services. The Others segment includes wood products, construction, transportation, warehousing, and machinery manufacturing, sales, and maintenance. The company was founded on April 27, 1907 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2022 JPYUSD
Revenue261,616M2,328.11M
Gross Profit61,126M543.95M
Operating income20,205M179.80M
Income before tax27,358M243.45M
Net income21,206M188.71M
EBITDA33,551M298.56M
Diluted EPS126.091.12
Dividends Per Share240.21
Total Assets376,956M3,105.71M
Total liabilities159,976M1,318.03M
Total equity216,330M1,782.32M
Operating cash flow20,186M179.63M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 269,099M 275,807M 264,618M 222,454M 261,616M
Gross Profit 52,253M 51,139M 51,475M 38,476M 61,126M
Operating income 11,414M 10,131M 11,209M 1,168M 20,205M
Income before tax 13,521M 12,703M 12,711M 13,331M 27,358M
Net income 10,327M 9,155M 8,073M 14,172M 21,206M
EBITDA 30,609M 28,654M 29,784M 15,774M 33,551M
Diluted EPS 53.42 47.73 40.94 83.00 126.09
Dividends Per Share 12 12 12 14 24
Total Assets 366,447M 368,082M 344,731M 363,075M 376,956M
Total liabilities 174,465M 175,216M 163,864M 167,652M 159,976M
Total equity 191,276M 192,210M 180,265M 194,805M 216,330M
Operating cash flow 19,741M 21,626M 43,974M 23,760M 20,186M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 2,427.98M 2,487.10M 2,433.81M 2,097.48M 2,328.11M
Gross Profit 471.45M 461.14M 473.43M 362.78M 543.95M
Operating income 102.98M 91.35M 103.09M 11.01M 179.80M
Income before tax 121.99M 114.55M 116.90M 125.69M 243.45M
Net income 93.17M 82.55M 74.25M 133.62M 188.71M
EBITDA 276.17M 258.38M 273.93M 148.73M 298.56M
Diluted EPS 0.48 0.43 0.37 0.78 1.12
Dividends Per Share 0.10 0.10 0.11 0.13 0.21
Total Assets 3,445.66M 3,325.49M 3,193.28M 3,285.74M 3,105.71M
Total liabilities 1,640.47M 1,583.01M 1,517.89M 1,517.21M 1,318.03M
Total equity 1,798.55M 1,736.54M 1,669.81M 1,762.94M 1,782.32M
Operating cash flow 178.11M 195.01M 404.44M 224.02M 179.63M

Valuation Measures

Mar 2022
PER5.50
ROA5.73%
ROE10.31%
Operating margin7.72%
Profit margin8.10%

Key executives

  • President, CEO & Representative Director: Sekio Kishimoto
  • Chief Risk Management Officer & Head-Legal: Makoto Yanagisawa
  • Executive Officer: Masayuki Kuribayashi
  • Manager-Business Administration: Tomonari Maruyama
  • Managing Director: Mitsushige Yamamoto

Shareholders

  • Hokuetsu Corp. (10.3%)
  • Oasis Management Co. Ltd. (9.1%)
  • Daio Kaiun Co. Ltd. (4.6%)
  • Daishi Hokuetsu Financial Group, Inc. (4.5%)
  • Hokuetsu Kishu Paper Employee Stock Ownership Plan (3.5%)
  • Mizuho Financial Group, Inc. (3.2%)
  • Sumitomo Realty & Development Co., Ltd. (3.2%)
  • Nomura Asset Management Co., Ltd. (2.9%)
  • Dimensional Fund Advisors LP (2.6%)
  • Sompo Holdings, Inc. (2.3%)

Contact Details

Related Companies

  • Hokuetsu Material Co., Ltd.
  • Kishu Kohatsu Co., Ltd.
  • Hokuetsu Palette Co., Ltd.
  • Hokuetsu Logistics Co., Ltd.
  • Hokuetsu Paper Tech Katsuta Co., Ltd.
  • Hokuetsu Paper Tech Kishu Co., Ltd.
  • Hokuetsu Paper Tec Niigata Co., Ltd.
  • Kishu Kami Seisen Co., Ltd.
  • Bf & Package Co. Ltd.
  • New Zealand Plantation Forest Co. Ltd.
  • Freewheel Trade & Invest 7 (Pty) Ltd.
  • Shanghai Toh Tech Co., Ltd.
  • Totaku Shanghai Electric Materials Co., Ltd.
  • Jiangmen Xinghui Paper Mill Co., Ltd.
  • Xing Hui Investment Holdings Co., Ltd.
  • Alpac Forest Products, Inc.
  • Alpac Pulp Sales, Inc.
  • Hokuetsu Kishu Paper Employee Stock Ownership Plan
  • Hokuetsu Corp Pension Fund
  • Hokuetsu Kishu Sales Co., Ltd.
  • Tamura Yoshiten KK /Retail Shop Business/
  • Hokuetsu Forest Co. Ltd.
  • Hokuetsu Package Co., Ltd.
  • Hokuetsu Butsuryu KK
  • Hokuetsu Engineering KK
  • Hokuetsu Kami Seisen KK
  • Kishu Zorin Co. Ltd.
  • Hokuetsu Trading Corp.
  • Techno-Hokuetsu Ltd.
  • Hokuetsu Suiun Co., Ltd.

Competitors

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