HORAI Co., Ltd. (TYO:9679)

HORAI Statistics

Total Valuation

HORAI has a market cap or net worth of JPY 8.44 billion.

Market Cap	8.44B
Enterprise Value	n/a

Important Dates

The last earnings date was Thursday, January 29, 2026.

Earnings Date	Jan 29, 2026
Ex-Dividend Date	Sep 29, 2025

Share Statistics

HORAI has 4.19 million shares outstanding.

Current Share Class	4.19M
Shares Outstanding	4.19M
Shares Change (YoY)	n/a
Shares Change (QoQ)	-0.01%
Owned by Insiders (%)	17.90%
Owned by Institutions (%)	9.70%
Float	1.87M

Valuation Ratios

The trailing PE ratio is 19.00.

PE Ratio	19.00
Forward PE	n/a
PS Ratio	1.52
PB Ratio	1.21
P/TBV Ratio	1.22
P/FCF Ratio	26.68
P/OCF Ratio	13.72
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 4.25, with a Debt / Equity ratio of 0.26.

Current Ratio	4.25
Quick Ratio	3.77
Debt / Equity	0.26
Debt / EBITDA	2.02
Debt / FCF	5.85
Interest Coverage	17.27

Financial Efficiency

Return on equity (ROE) is 6.55% and return on invested capital (ROIC) is 4.56%.

Return on Equity (ROE)	6.55%
Return on Assets (ROA)	1.14%
Return on Invested Capital (ROIC)	4.56%
Return on Capital Employed (ROCE)	1.89%
Weighted Average Cost of Capital (WACC)	5.01%
Revenue Per Employee	35.50M
Profits Per Employee	2.85M
Employee Count	156
Asset Turnover	0.23
Inventory Turnover	24.51

Taxes

In the past 12 months, HORAI has paid 270.05 million in taxes.

Income Tax	270.05M
Effective Tax Rate	37.76%

Stock Price Statistics

The stock price has increased by +25.42% in the last 52 weeks. The beta is 0.30, so HORAI's price volatility has been lower than the market average.

Beta (5Y)	0.30
52-Week Price Change	+25.42%
50-Day Moving Average	1,926.00
200-Day Moving Average	1,825.12
Relative Strength Index (RSI)	57.91
Average Volume (20 Days)	660

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, HORAI had revenue of JPY 5.54 billion and earned 445.07 million in profits. Earnings per share was 106.04.

Revenue	5.54B
Gross Profit	974.34M
Operating Income	441.42M
Pretax Income	715.12M
Net Income	445.07M
EBITDA	916.87M
EBIT	441.42M
Earnings Per Share (EPS)	106.04

Balance Sheet

The company has 2.83 billion in cash and 1.85 billion in debt, with a net cash position of 981.34 million or 234.30 per share.

Cash & Cash Equivalents	2.83B
Total Debt	1.85B
Net Cash	981.34M
Net Cash Per Share	234.30
Equity (Book Value)	7.00B
Book Value Per Share	1,666.89
Working Capital	2.72B

Cash Flow

In the last 12 months, operating cash flow was 615.22 million and capital expenditures -298.90 million, giving a free cash flow of 316.32 million.

Operating Cash Flow	615.22M
Capital Expenditures	-298.90M
Free Cash Flow	316.32M
FCF Per Share	75.52

Margins

Gross margin is 17.59%, with operating and profit margins of 7.97% and 8.04%.

Gross Margin	17.59%
Operating Margin	7.97%
Pretax Margin	12.91%
Profit Margin	8.04%
EBITDA Margin	16.56%
EBIT Margin	7.97%
FCF Margin	5.71%

Dividends & Yields

This stock pays an annual dividend of 24.00, which amounts to a dividend yield of 1.18%.

Dividend Per Share	24.00
Dividend Yield	1.18%
Dividend Growth (YoY)	9.09%
Years of Dividend Growth	4
Payout Ratio	15.72%
Buyback Yield	0.02%
Shareholder Yield	1.20%
Earnings Yield	5.27%
FCF Yield	3.75%

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

The last stock split was on March 28, 2025. It was a forward split with a ratio of 3.

Last Split Date	Mar 28, 2025
Split Type	Forward
Split Ratio	3

Scores

HORAI has an Altman Z-Score of 0.63 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	0.63
Piotroski F-Score	6