Hikari Business Form Co., Ltd. (TYO:3948)

Hikari Business Form Statistics

Total Valuation

TYO:3948 has a market cap or net worth of JPY 7.05 billion.

Market Cap	7.05B
Enterprise Value	n/a

Important Dates

The next estimated earnings date is Tuesday, February 10, 2026.

Earnings Date	Feb 10, 2026
Ex-Dividend Date	Dec 29, 2025

Share Statistics

TYO:3948 has 5.53 million shares outstanding.

Current Share Class	5.53M
Shares Outstanding	5.53M
Shares Change (YoY)	n/a
Shares Change (QoQ)	n/a
Owned by Insiders (%)	14.71%
Owned by Institutions (%)	16.72%
Float	2.94M

Valuation Ratios

The trailing PE ratio is 73.80.

PE Ratio	73.80
Forward PE	n/a
PS Ratio	1.03
PB Ratio	1.14
P/TBV Ratio	1.17
P/FCF Ratio	18.39
P/OCF Ratio	16.30
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	n/a
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 0.97, with a Debt / Equity ratio of 0.20.

Current Ratio	0.97
Quick Ratio	0.66
Debt / Equity	0.20
Debt / EBITDA	1.75
Debt / FCF	3.27
Interest Coverage	18.42

Financial Efficiency

Return on equity (ROE) is 1.61% and return on invested capital (ROIC) is 1.33%.

Return on Equity (ROE)	1.61%
Return on Assets (ROA)	2.70%
Return on Invested Capital (ROIC)	1.33%
Return on Capital Employed (ROCE)	5.63%
Revenue Per Employee	20.10M
Profits Per Employee	294,624
Employee Count	340
Asset Turnover	0.78
Inventory Turnover	17.23

Taxes

In the past 12 months, TYO:3948 has paid 309.75 million in taxes.

Income Tax	309.75M
Effective Tax Rate	75.56%

Stock Price Statistics

The stock price has increased by +79.92% in the last 52 weeks. The beta is -0.58, so TYO:3948's price volatility has been lower than the market average.

Beta (5Y)	-0.58
52-Week Price Change	+79.92%
50-Day Moving Average	1,288.00
200-Day Moving Average	1,183.66
Relative Strength Index (RSI)	48.18
Average Volume (20 Days)	2,970

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, TYO:3948 had revenue of JPY 6.83 billion and earned 100.17 million in profits. Earnings per share was 17.29.

Revenue	6.83B
Gross Profit	1.58B
Operating Income	380.53M
Pretax Income	409.92M
Net Income	100.17M
EBITDA	714.92M
EBIT	380.53M
Earnings Per Share (EPS)	17.29

Balance Sheet

The company has 319.85 million in cash and 1.25 billion in debt, with a net cash position of -933.40 million or -168.94 per share.

Cash & Cash Equivalents	319.85M
Total Debt	1.25B
Net Cash	-933.40M
Net Cash Per Share	-168.94
Equity (Book Value)	6.20B
Book Value Per Share	1,069.86
Working Capital	-51.42M

Cash Flow

In the last 12 months, operating cash flow was 432.62 million and capital expenditures -49.20 million, giving a free cash flow of 383.42 million.

Operating Cash Flow	432.62M
Capital Expenditures	-49.20M
Free Cash Flow	383.42M
FCF Per Share	69.40

Margins

Gross margin is 23.19%, with operating and profit margins of 5.57% and 1.47%.

Gross Margin	23.19%
Operating Margin	5.57%
Pretax Margin	6.00%
Profit Margin	1.47%
EBITDA Margin	10.46%
EBIT Margin	5.57%
FCF Margin	5.61%

Dividends & Yields

This stock pays an annual dividend of 40.00, which amounts to a dividend yield of 3.12%.

Dividend Per Share	40.00
Dividend Yield	3.12%
Dividend Growth (YoY)	18.42%
Years of Dividend Growth	2
Payout Ratio	173.55%
Buyback Yield	0.05%
Shareholder Yield	3.21%
Earnings Yield	1.42%
FCF Yield	5.44%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

TYO:3948 has an Altman Z-Score of 2.45 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	2.45
Piotroski F-Score	6