7897
HOKUSHIN CO.,LTD.
ホクシン株式会社
Other Products
Hokushin Co., Ltd. manufactures and sells medium density fiberboards in Japan. The company was incorporated in 1950 and is based in Kishiwada, Japan.
← Companies
⚠ TSE Capital Mandate
P / Book
0.50×
Financials
| Metric |
FY 2025
TDnet
|
FY 2024
EDINET ↗
|
FY 2023
EDINET ↗
|
FY 2022
EDINET ↗
|
FY 2021
EDINET ↗
|
| Net Sales |
¥10.3B
|
¥10.2B
|
¥11.0B
|
¥12.9B
|
¥10.8B
|
| Cost of Sales |
¥8.9B
|
¥8.9B
|
¥9.4B
|
¥10.9B
|
¥9.0B
|
| Gross Profit |
¥1.4B
|
¥1.4B
|
¥1.6B
|
¥2.0B
|
¥1.8B
|
| SG&A |
¥1.4B
|
¥1.4B
|
¥1.4B
|
¥1.5B
|
¥1.3B
|
| Operating Income |
¥-37M
|
¥-68M
|
¥127M
|
¥489M
|
¥437M
|
| Non-Operating Income |
¥56M
|
¥55M
|
¥102M
|
¥33M
|
¥44M
|
| Dividend Income |
—
|
¥20M
|
¥20M
|
¥18M
|
¥15M
|
| Interest Income |
—
|
¥0M
|
¥0M
|
¥0M
|
¥0M
|
| Non-Operating Expenses |
—
|
¥51M
|
¥38M
|
¥33M
|
¥33M
|
| Interest Expense |
—
|
¥31M
|
¥22M
|
¥20M
|
¥19M
|
| Ordinary Income |
¥-37M
|
¥-65M
|
¥191M
|
¥490M
|
¥448M
|
| Pre-tax Income |
¥-37M
|
¥40M
|
¥225M
|
¥436M
|
¥503M
|
| Income Taxes |
¥-9M
|
¥20M
|
¥66M
|
¥104M
|
¥126M
|
| Current Tax |
—
|
¥4M
|
¥28M
|
¥118M
|
¥143M
|
| Deferred Tax |
—
|
¥15M
|
¥39M
|
¥-15M
|
¥-17M
|
| Net Income (owners) |
¥-28M
|
¥20M
|
¥159M
|
¥332M
|
¥377M
|
| EBITDA |
¥287M
|
¥240M
|
¥430M
|
¥802M
|
¥764M
|
| EPS |
¥-0.97
|
¥0.72
|
¥5.60
|
¥11.72
|
¥13.31
|
| Shares Outstanding |
—
|
28.4M
|
28.4M
|
28.4M
|
28.4M
|
| Shares Issued (total) |
—
|
28.4M
|
28.4M
|
28.4M
|
28.4M
|
| Metric |
FY 2025
TDnet
|
FY 2024
EDINET ↗
|
FY 2023
EDINET ↗
|
FY 2022
EDINET ↗
|
FY 2021
EDINET ↗
|
| Total Assets |
¥13.1B
|
¥13.7B
|
¥14.3B
|
¥14.4B
|
¥13.6B
|
| Current Assets |
¥6.7B
|
¥7.6B
|
¥8.1B
|
¥8.2B
|
¥7.4B
|
| Cash & Deposits |
¥1.7B
|
¥1.7B
|
¥1.7B
|
¥1.7B
|
¥1.7B
|
| Trade Receivables |
—
|
¥1.4B
|
¥1.5B
|
¥1.9B
|
¥1.9B
|
| Non-Current Assets |
¥6.4B
|
¥6.1B
|
¥6.2B
|
¥6.2B
|
¥6.2B
|
| PP&E |
¥5.5B
|
¥5.5B
|
¥5.5B
|
¥5.6B
|
¥5.6B
|
| Intangible Assets |
—
|
¥18M
|
¥19M
|
¥15M
|
¥12M
|
| Investment Securities |
¥499M
|
¥407M
|
¥467M
|
¥453M
|
¥456M
|
| Total Liabilities |
¥7.2B
|
¥7.9B
|
¥8.4B
|
¥8.6B
|
¥8.1B
|
| Current Liabilities |
¥5.0B
|
¥5.7B
|
¥6.2B
|
¥6.3B
|
¥5.4B
|
| ST Debt |
¥2.6B
|
¥3.0B
|
¥3.1B
|
¥2.9B
|
¥2.6B
|
| Taxes Payable |
—
|
¥9M
|
—
|
¥57M
|
¥134M
|
| Non-Current Liabilities |
¥2.2B
|
¥2.2B
|
¥2.2B
|
¥2.3B
|
¥2.7B
|
| Total LT Borrowings |
¥1.9B
|
¥2.0B
|
¥2.0B
|
¥2.1B
|
¥2.5B
|
| Deferred Tax Liab. |
—
|
¥168M
|
¥175M
|
¥98M
|
¥97M
|
| Total Equity |
¥5.9B
|
¥5.8B
|
¥5.9B
|
¥5.8B
|
¥5.5B
|
| Capital Stock |
—
|
¥2.3B
|
¥2.3B
|
¥2.3B
|
¥2.3B
|
| Retained Earnings |
¥3.3B
|
¥3.4B
|
¥3.4B
|
¥3.3B
|
¥3.1B
|
| Treasury Stock |
—
|
¥-4M
|
¥-4M
|
¥-4M
|
¥-4M
|
| AOCI |
—
|
¥133M
|
¥218M
|
¥109M
|
¥73M
|
| Equity (owners) |
¥5.6B
|
¥5.7B
|
¥5.7B
|
¥5.7B
|
¥5.5B
|
|
| Total Interest-Bearing Debt ⓘ |
¥4.6B
|
¥5.0B
|
¥5.1B
|
¥5.1B
|
¥5.1B
|
| Net Cash ⓘ |
¥-2.9B
|
¥-3.3B
|
¥-3.3B
|
¥-3.4B
|
¥-3.4B
|
| NCAV ⓘ |
¥-499M
|
¥-303M
|
¥-289M
|
¥-401M
|
¥-629M
|
| NCAV/Share |
—
|
¥-11
|
¥-10
|
¥-14
|
¥-22
|
| BV/Share |
—
|
¥201
|
¥202
|
¥200
|
¥193
|
| Metric |
FY 2025
TDnet
|
FY 2024
EDINET ↗
|
FY 2023
EDINET ↗
|
FY 2022
EDINET ↗
|
FY 2021
EDINET ↗
|
| Operating CF |
¥923M
|
¥269M
|
¥260M
|
¥464M
|
¥176M
|
| Interest Paid |
—
|
¥-30M
|
¥-21M
|
¥-20M
|
¥-21M
|
| Interest Received |
—
|
¥20M
|
¥20M
|
¥18M
|
¥15M
|
| D&A |
¥324M
|
¥308M
|
¥303M
|
¥312M
|
¥328M
|
| Investing CF |
¥-436M
|
¥-200M
|
¥-81M
|
¥-330M
|
¥-244M
|
| CapEx |
¥417M
|
¥329M
|
¥132M
|
¥320M
|
¥236M
|
| Proceeds from Invest. |
—
|
¥65M
|
¥68M
|
—
|
—
|
| Financing CF |
¥-500M
|
¥-93M
|
¥-145M
|
¥-134M
|
¥-72M
|
| Dividends Paid |
—
|
¥-57M
|
¥-113M
|
¥-113M
|
¥-43M
|
| LT Debt Repaid |
—
|
¥-1.4B
|
¥-1.9B
|
¥-1.8B
|
¥-1.6B
|
| Free Cash Flow |
¥506M
|
¥-60M
|
¥127M
|
¥143M
|
¥-60M
|
| Net Change in Cash |
—
|
¥-25M
|
¥34M
|
¥-0M
|
¥-139M
|
| Metric |
FY 2025
TDnet
|
FY 2024
EDINET ↗
|
FY 2023
EDINET ↗
|
FY 2022
EDINET ↗
|
FY 2021
EDINET ↗
|
| ROE |
-0.5%
|
0.3%
|
2.7%
|
5.9%
|
7.0%
|
| ROA |
-0.2%
|
0.1%
|
1.1%
|
2.4%
|
2.8%
|
| EPS |
¥-0.97
|
¥0.72
|
¥5.60
|
¥11.72
|
¥13.31
|
| DPS |
¥0.00
|
¥2.00
|
¥2.00
|
¥4.00
|
¥4.00
|
| BPS |
¥207.77
|
¥205.40
|
¥209.67
|
¥204.24
|
¥195.24
|
| FCF/Share |
—
|
¥-2
|
¥4
|
¥5
|
¥-2
|
| NCAV/Share |
—
|
¥-11
|
¥-10
|
¥-14
|
¥-22
|
| Payout Ratio |
—
|
277.8%
|
35.7%
|
34.1%
|
30.1%
|
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 1
| Date | Activist | Stake | Event | Flag | Demands | Source |
| 2025-11-21 |
DAIKEN CORPORATION |
14.9%
|
change |
Passive
|
—
|
|
| # |
Shareholder |
Shares (thou.) |
% of Total |
| 1 |
兼松㈱
|
7,522
|
26.53%
|
| 2 |
大建工業㈱
|
4,227
|
14.91%
|
| 3 |
永大産業㈱
|
1,000
|
3.53%
|
| 4 |
ホクシン取引先持株会
|
941
|
3.32%
|
| 5 |
酒井佐知子
|
728
|
2.57%
|
| 6 |
國分節子
|
710
|
2.51%
|
| 7 |
中島和信
|
674
|
2.38%
|
| 8 |
㈱池田泉州銀行
|
430
|
1.52%
|
| 9 |
米島清生
|
387
|
1.37%
|
| 10 |
日本証券金融㈱
|
342
|
1.21%
|
Domestic Nominees
0.0%
-1.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
59.9%
+1.4% vs 2024
Named entities with disclosed investment intent
| Shareholder |
Trend |
2023
|
2024
|
2025
|
|
兼松
|
|
26.53%
|
26.53%
|
26.53%
|
|
大建工業
|
|
14.91%
|
14.91%
|
14.91%
|
|
永大産業
|
|
3.53%
|
3.53%
|
3.53%
|
|
ホクシン取引先持株会
|
|
3.32%
|
3.56%
|
3.32%
-0.24%
|
|
酒井佐知子
|
|
2.57%
|
2.57%
|
2.57%
|
|
國分節子
|
|
2.51%
|
2.51%
|
2.51%
|
|
中島和信
|
|
—
|
1.91%
|
2.38%
+0.47%
|
|
㈱池田泉州銀行
|
|
1.52%
|
1.52%
|
1.52%
|
|
米島清生
|
|
1.37%
|
1.37%
|
1.37%
|
|
日本証券金融
NEW ENTRY
|
—
|
—
|
—
|
1.21%
NEW
|
|
日本マスタートラスト信託銀行
last seen 2024
|
Exited Top 10
|
3.52%
|
1.53%
|
—
|
|
ホクシン従業員持株会
last seen 2023
|
Exited Top 10
|
1.35%
|
—
|
—
|
|
Concentration (HHI)
ⓘ
|
|
981
|
974
|
974
|
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥180M
-20% since 2023
Holdings
5
2 exited
Trend
Stable
vs 2023
| Held Company |
FY2025
¥180M total
|
FY2023
¥225M total
|
|
|
Book Val ¥M |
Shares |
Book Val ¥M |
Shares |
|
|
Eidai Co.,Ltd.
永大産業㈱
|
73 |
349,000
|
78 |
349,000
|
M
|
|
Senshu Ikeda Holdings,Inc.
㈱池田泉州ホールディングス
|
58 |
132,592
|
31 |
132,592
|
M
|
|
The Kiyo Bank, Ltd.
㈱紀陽銀行
|
41 |
17,837
|
26 |
17,837
|
M
|
|
Mitsui Chemicals, Inc.
三井化学㈱
|
5 |
1,400
|
5 |
1,400
|
M
|
|
THE KEIHIN CO., LTD.
ケイヒン㈱
|
4 |
1,500
|
2 |
1,500
|
M
|
|
譬ｪ蠑丈ｼ夂､ｾ�ｼ｢�ｼ｣�ｼｪ�ｼ搾ｼ呻ｼ�
㈱日新
|
— |
−100%
Exit
—
|
31 |
14,600
|
M
|
|
大建工業㈱
|
— |
−100%
Exit
—
|
52 |
22,600
|
M
|
| Portfolio total |
180 |
|
225 |
|
|
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding