Forval RealStraight Inc.

9423 株式会社フォーバル・リアルストレート

Real Estate Services · Standard

PRICE: ¥101 · MKT CAP: ¥2.5B · P/E: 14.5x · P/B: 3.28x · DIV YIELD: 2.6%

PRICE — 5Y

Characteristics & Business Summary

Forval RealStraight Inc. provides real estate brokerage and office relocation support services in Japan. It also engages in the sale of office equipment. The company was formerly known as Fread Co., Ltd. and changed its name to Forval RealStraight Inc. in...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Net Sales	1,901	2,154	2,975	3,066	3,140	4,564	4,800
Operating Profit	86	52	157	169	126	139	200
Ordinary Profit	87	52	157	170	127	142	—
Net Profit	103	50	112	130	86	169	125
EPS	¥4	¥2	¥5	¥5	¥4	¥7	¥5
DPS	¥2	¥2	¥2	¥2	¥3	¥0	¥3

Balance Sheet & Valuation Highlights

Total Assets ¥2B

Net Assets (Equity) ¥1B

Equity Ratio 39.8%

ROE (Return on Equity) 22.7%

Cash & Equivalents ¥1B

Interest-Bearing Debt —

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥0B

Major Shareholders

1. 株式会社フォーバル 50.9%
2. ＦＲＳ従業員持株会 1.6%
3. 西本誠治 1.3%
4. 飯島功市郎 1.0%
5. 吉田浩司 1.0%
6. 石原勝 0.9%
7. JPMorgan Securities Japan Co., Ltd. 0.5%
8. 里村歩 0.3%
9. 杉野宗広 0.3%
10. MSCO CUSTOMER SECURITIES(常任代理人モルガン・スタンレーＭＵＦＧ証券株式会社) 0.3%

Activist Activity

FORVAL CORPORATION 54.91%

2026-04-03 · change

FORVAL CORPORATION 54.91%

2025-04-04 · change

SBI SECURITIES Co.,Ltd. 4.3%

2023-09-22 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues per share	¥80	¥90	¥124	¥127	¥129	¥188	—
FCF/Share	¥8	¥-1	¥12	¥4	¥3	¥8	—
EPS	¥4	¥2	¥5	¥5	¥4	¥7	¥5
DPS	¥2	¥2	¥2	¥2	¥3	¥0	¥3
Capital Spending per share	¥0	¥0	¥0	¥0	¥0	¥0	—
Book Value per share	¥17	¥18	¥21	¥25	¥26	¥31	—
Common Shares Outstanding	24M	24M	24M	24M	24M	—	—

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues (Net Sales)	¥2B	¥2B	¥3B	¥3B	¥3B	¥5B	¥5B
Operating Margin (%)	4.5%	2.4%	5.3%	5.5%	4.0%	3.0%	4.2%
Net Profit (owners)	¥0B	¥0B	¥0B	¥0B	¥0B	¥0B	¥0B
Net Profit Margin (%)	5.4%	2.3%	3.8%	4.2%	2.8%	3.7%	2.6%
Working Capital	¥0B	¥0B	¥0B	¥1B	¥1B	¥1B	—
Total Debt (Interest-bearing)	¥0B	¥0B	¥0B	¥0B	¥0B	—	—
Net Worth (Common Equity)	¥0B	¥0B	¥1B	¥1B	¥1B	¥1B	—
Return on Total Assets (ROA)	11.3%	6.3%	9.4%	10.0%	6.5%	9.0%	—
Return on Common Equity (ROE)	25.9%	11.9%	22.0%	21.8%	13.5%	22.7%	—

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.