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Hokuetsu Corporation
3865.JP
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Hokuetsu Corporation Revises Financial Forecasts for FY 2026

Hokuetsu Corporation has revised its financial forecasts for FY 2026, indicating a decrease in expected net sales and profits. This revision reflects a significant reduction in operating and ordinary profits, potentially impacting financial stability and stakeholder confidence. The current analyst rating for Hokuetsu Corporation (JP:3865) is a Hold, with a price target of Yen1124.00. The company operates in the paper and pulp industry and is listed on the Tokyo Stock Exchange, with a market cap of Yen161.8B.

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Hokuetsu Corporation Revises Financial Forecasts Amid Market Challenges

Hokuetsu Corporation has revised its financial forecasts for the fiscal year ending March 31, 2026, due to lower sales volumes and prices in overseas pulp markets, along with decreased sales of paper and paperboard. The yen's depreciation has also affected profitability, leading to significant reductions in projected net sales, operating profit, and earnings per share. However, the company maintains its dividend forecast. The latest analyst rating for Hokuetsu Corporation (JP:3865) is a Hold with a price target of Yen1124.00.

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

Hokuetsu Corporation (TSE:3865) reported strong earnings, but market response has been muted due to concerns over underlying factors. A JP¥2.8b gain from unusual items has distorted profit figures, raising questions about sustainability. Analysts suggest that without this boost, profits may decline. Despite this, Hokuetsu's earnings per share (EPS) have shown significant growth. Investors are encouraged to consider both statutory earnings and future forecasts when evaluating the company's potential.

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Daio Paper Corporation's (TSE:3880) biggest owners are individual investors who got richer after stock soared 8.4% last week

Daio Paper Corporation (TSE:3880) has significant individual investor ownership, with 39% of shares held by this group, indicating their influence on management decisions. The company's market cap increased by JP¥10b last week, benefiting individual investors the most. Institutional ownership stands at 21%, with Hokuetsu Corporation being the largest shareholder at 25%. Insider ownership is under 1%, and private companies hold 15% of shares. Overall, the top 8 shareholders control over half of the company, highlighting the concentrated ownership structure.

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

Hokuetsu Corporation (TSE:3865) has a net debt of JP¥77.6b, with liabilities exceeding cash and receivables by JP¥49.2b. Despite this, its market value is JP¥185.6b, indicating potential to raise capital if needed. The company's net debt to EBITDA ratio is 2.3, suggesting moderate debt use, while EBIT covers interest expenses significantly. However, Hokuetsu's free cash flow conversion from EBIT is only 29%, raising concerns about its ability to manage debt effectively. Investors should monitor Hokuetsu's debt levels closely.

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