Hokuetsu Corporation
Financial history
- Revenue · FYE Mar 2026
- ¥288bn
- Operating profit · FYE Mar 2026
- ¥7.5bn
- Net profit · FYE Mar 2026
- ¥7.3bn
- Total assets
- ¥421bn
- Equity ratio
- 59.9%
- Long-term series
- 1954–2026
Hokuetsu Corporation: long-term performance & turning pointsSales (revenue) and profit-margin ratio
Sales (¥ bn)Net margin (%)| Fiscal year | Unit | 1954 *1 FYE Apr | 1955 *1 FYE Apr | 1956 *1 FYE Apr | 1957 *1 FYE Apr | 1958 *1 FYE Apr | 1959 *1 FYE Apr | 1960 *1 FYE Apr | 1961 *1 FYE Apr | 1962 *1 FYE Apr | 1963 *1 FYE Apr | 1964 *1 FYE Apr | 1965 *1 FYE Apr | 1966 *1 FYE Apr | 1967 *1 FYE Apr | 1968 *1 FYE Apr | 1969 *1 FYE Apr | 1970 *1 FYE Apr | 1971 *1 FYE Apr | 1972 *1 FYE Apr | 1973 *1 FYE Apr | 1974 *1 FYE Apr | 1975 *1 FYE Apr | 1976 *2 FYE Apr | 1977 *2 FYE Apr | 1978 *2 FYE Apr | 1979 *2 FYE Apr | 1980 *2 FYE Apr | 1981 *2 FYE Apr | 1982 *2 FYE Apr | 1983 *2 FYE Apr | 1984 *2 FYE Apr | 1992 *2 FYE Mar | 1993 *2 FYE Mar | 1994 *2 FYE Mar | 1995 *2 FYE Mar | 1996 *2 FYE Mar | 1997 *2 FYE Mar | 1998 *2 FYE Mar | 1999 *2 FYE Mar | 2000 *3 FYE Mar | 2001 *3 FYE Mar | 2002 *3 FYE Mar | 2003 *3 FYE Mar | 2004 *3 FYE Mar | 2005 *3 FYE Mar | 2006 *3 FYE Mar | 2007 *3 FYE Mar | 2008 *3 FYE Mar | 2009 *3 FYE Mar | 2010 *3 FYE Mar | 2011 *3 FYE Mar | 2012 *3 FYE Mar | 2013 *3 FYE Mar | 2014 *3 FYE Mar | 2015 *3 FYE Mar | 2016 *3 FYE Mar | 2017 *3 FYE Mar | 2018 *3 FYE Mar | 2019 *3 FYE Mar | 2020 *3 FYE Mar | 2021 *3 FYE Mar | 2022 *3 FYE Mar | 2023 *3 FYE Mar | 2024 *3 FYE Mar | 2025 *3 FYE Mar | 2026 *3 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | JPY | ¥5.3bn | ¥5.2bn | ¥5.6bn | ¥6.3bn | ¥5.9bn | ¥6.4bn | ¥7.5bn | ¥8.0bn | ¥8.2bn | ¥8.7bn | ¥11bn | ¥9.9bn | ¥11bn | ¥14bn | ¥16bn | ¥18bn | ¥22bn | ¥26bn | ¥28bn | ¥32bn | ¥47bn | ¥48bn | ¥53bn | ¥61bn | ¥61bn | ¥59bn | ¥73bn | ¥74bn | ¥78bn | ¥82bn | ¥85bn | ¥120bn | ¥115bn | ¥107bn | ¥111bn | ¥124bn | ¥128bn | ¥129bn | ¥123bn | ¥133bn | ¥145bn | ¥136bn | ¥142bn | ¥148bn | ¥151bn | ¥154bn | ¥159bn | ¥173bn | ¥183bn | ¥194bn | ¥217bn | ¥231bn | ¥208bn | ¥224bn | ¥228bn | ¥247bn | ¥262bn | ¥269bn | ¥276bn | ¥265bn | ¥222bn | ¥262bn | ¥301bn | ¥297bn | ¥306bn | ¥288bn |
| YoY | % | — | -2.1% | +7.5% | +13.1% | -6.6% | +8.5% | +17.3% | +6.7% | +2.2% | +6.1% | +23.0% | -7.2% | +5.9% | +35.9% | +15.4% | +8.7% | +20.0% | +19.1% | +7.8% | +17.4% | +44.1% | +3.4% | +9.5% | +14.6% | +0.7% | -3.8% | +24.5% | +1.1% | +5.0% | +5.0% | +4.3% | — | -4.3% | -6.5% | +3.5% | +12.1% | +2.8% | +1.3% | -4.9% | +8.0% | +9.6% | -6.4% | +4.4% | +3.8% | +2.5% | +1.6% | +3.5% | +8.7% | +5.8% | +6.1% | +11.9% | +6.2% | -9.7% | +7.5% | +2.1% | +8.1% | +6.3% | +2.6% | +2.5% | -4.1% | -15.9% | +17.6% | +15.1% | -1.4% | +2.9% | -5.9% |
| Operating profit | JPY | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ¥13bn | ¥6.9bn | ¥9.0bn | ¥8.3bn | ¥8.1bn | ¥9.9bn | ¥8.7bn | ¥11bn | ¥3.7bn | ¥3.3bn | ¥6.1bn | ¥9.2bn | ¥13bn | ¥11bn | ¥10bn | ¥11bn | ¥1.7bn | ¥21bn | ¥17bn | ¥15bn | ¥20bn | ¥7.5bn |
| YoY | % | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -46.5% | +30.4% | -7.8% | -2.4% | +22.2% | -12.1% | +24.1% | -65.7% | -10.8% | +84.8% | +50.8% | +40.2% | -11.6% | -11.4% | +10.9% | -84.8% | +1105.9% | -15.6% | -11.6% | +28.8% | -61.9% |
| Ordinary profit | JPY | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ¥0.4bn | ¥0.5bn | ¥0.5bn | ¥0.6bn | ¥0.5bn | ¥0.4bn | -¥0.6bn | ¥1.9bn | ¥4.9bn | — | — | — | — | — | — | — | — | — | — | ¥9.3bn | ¥10bn | ¥13bn | ¥13bn | ¥7.2bn | ¥9.2bn | ¥7.9bn | ¥6.8bn | ¥9.6bn | ¥10bn | ¥14bn | ¥11bn | ¥8.5bn | ¥12bn | ¥11bn | ¥14bn | ¥14bn | ¥13bn | ¥16bn | ¥9.8bn | ¥30bn | ¥12bn | ¥18bn | ¥19bn | ¥11bn |
| Net profit | JPY | ¥0.4bn | -¥0.2bn | ¥0.2bn | ¥0.2bn | -¥0.3bn | -¥0.5bn | ¥0.1bn | ¥0.2bn | ¥0.2bn | ¥0.1bn | ¥0.2bn | -¥0.9bn | -¥0.1bn | ¥0.5bn | ¥0.5bn | ¥0.4bn | ¥0.3bn | ¥0.8bn | ¥0.3bn | ¥0.5bn | ¥1.3bn | ¥0.9bn | ¥0.2bn | ¥0.4bn | ¥0.4bn | ¥0.4bn | ¥0.4bn | ¥0.2bn | -¥0.1bn | ¥0.6bn | ¥1.5bn | ¥1.5bn | ¥1.6bn | ¥1.8bn | ¥1.9bn | ¥4.7bn | ¥4.6bn | ¥3.4bn | ¥1.1bn | ¥2.1bn | ¥6.8bn | ¥2.7bn | ¥2.9bn | ¥6.4bn | ¥6.9bn | ¥3.2bn | ¥4.3bn | ¥4.0bn | ¥1.9bn | ¥7.2bn | ¥5.4bn | ¥13bn | ¥8.1bn | ¥6.1bn | ¥8.3bn | ¥7.4bn | ¥10bn | ¥10bn | ¥9.1bn | ¥8.0bn | ¥14bn | ¥21bn | ¥8.3bn | ¥8.3bn | ¥16bn | ¥7.3bn |
| YoY | % | — | -151.3% | — | -21.1% | -320.0% | — | — | +50.0% | +6.7% | -50.0% | +175.0% | -527.3% | — | — | -3.9% | -26.5% | -5.6% | +129.4% | -66.7% | +80.8% | +185.1% | -33.6% | -73.0% | +66.7% | +2.5% | -4.9% | -2.6% | -60.5% | -146.7% | — | +139.1% | — | +6.7% | +12.5% | +5.6% | +147.4% | -2.1% | -26.1% | -67.6% | +90.9% | +223.8% | -60.3% | +7.4% | +120.7% | +7.8% | -53.6% | +34.4% | -7.0% | -52.5% | +278.9% | -25.0% | +133.3% | -35.7% | -24.7% | +36.1% | -10.8% | +39.2% | 0.0% | -11.7% | -12.1% | +76.3% | +50.4% | -60.8% | 0.0% | +86.7% | -52.9% |
| Operating margin | % | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 8.5% | 4.5% | 5.7% | 4.8% | 4.4% | 5.1% | 4.0% | 4.7% | 1.8% | 1.5% | 2.7% | 3.7% | 4.9% | 4.2% | 3.7% | 4.2% | 0.8% | 7.8% | 5.7% | 5.2% | 6.4% | 2.6% |
| Net margin | % | 7.3% | -3.8% | 3.4% | 2.4% | -5.6% | -7.3% | 1.3% | 1.9% | 2.0% | 0.9% | 2.1% | -9.5% | -1.0% | 3.6% | 3.0% | 2.0% | 1.6% | 3.0% | 0.9% | 1.5% | 2.9% | 1.8% | 0.5% | 0.7% | 0.7% | 0.7% | 0.5% | 0.2% | -0.1% | 0.8% | 1.8% | 1.3% | 1.4% | 1.7% | 1.7% | 3.8% | 3.6% | 2.6% | 0.9% | 1.6% | 4.7% | 2.0% | 2.0% | 4.3% | 4.6% | 2.1% | 2.7% | 2.3% | 1.0% | 3.7% | 2.5% | 5.5% | 3.9% | 2.7% | 3.6% | 3.0% | 3.9% | 3.8% | 3.3% | 3.0% | 6.3% | 8.1% | 2.8% | 2.8% | 5.1% | 2.5% |
- *1 北越製紙70年史 (corporate history, in Japanese)
- *2 Kaisha Nenkan (Company Yearbook)
- *3 Securities report
Cost structure Cost of sales SG&A Operating profit Operating margin
Where each yen of revenue goes — cost of sales, SG&A and what is left as operating profit (¥ bn, stacked)
| Fiscal year | Unit | 2005 *1 FYE Mar | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2016 *1 FYE Mar | 2017 *1 FYE Mar | 2018 *1 FYE Mar | 2019 *1 FYE Mar | 2020 *1 FYE Mar | 2021 *1 FYE Mar | 2022 *1 FYE Mar | 2023 *1 FYE Mar | 2024 *1 FYE Mar | 2025 *1 FYE Mar | 2026 *1 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | JPY | ¥151bn | ¥154bn | ¥159bn | ¥173bn | ¥183bn | ¥194bn | ¥217bn | ¥231bn | ¥208bn | ¥224bn | ¥228bn | ¥247bn | ¥262bn | ¥269bn | ¥276bn | ¥265bn | ¥222bn | ¥262bn | ¥301bn | ¥297bn | ¥306bn | ¥288bn |
| YoY | % | — | +1.6% | +3.4% | +8.6% | +5.9% | +6.1% | +11.9% | +6.2% | -9.7% | +7.5% | +2.0% | +8.1% | +6.3% | +2.6% | +2.5% | -4.1% | -15.9% | +17.6% | +15.1% | -1.4% | +2.9% | -5.9% |
| Cost of sales | JPY | ¥117bn | ¥125bn | ¥128bn | ¥141bn | ¥152bn | ¥157bn | ¥178bn | ¥188bn | ¥174bn | ¥190bn | ¥191bn | ¥203bn | ¥210bn | ¥217bn | ¥225bn | ¥213bn | ¥184bn | ¥200bn | ¥237bn | ¥237bn | ¥237bn | ¥231bn |
| SG&A | JPY | ¥22bn | ¥22bn | ¥22bn | ¥23bn | ¥23bn | ¥27bn | ¥31bn | ¥32bn | ¥31bn | ¥31bn | ¥31bn | ¥35bn | ¥40bn | ¥41bn | ¥41bn | ¥40bn | ¥37bn | ¥41bn | ¥47bn | ¥45bn | ¥49bn | ¥49bn |
| Operating profit | JPY | ¥13bn | ¥6.9bn | ¥9.1bn | ¥8.3bn | ¥8.1bn | ¥9.9bn | ¥8.7bn | ¥11bn | ¥3.7bn | ¥3.3bn | ¥6.1bn | ¥9.2bn | ¥13bn | ¥11bn | ¥10bn | ¥11bn | ¥1.7bn | ¥20bn | ¥17bn | ¥15bn | ¥20bn | ¥7.5bn |
| YoY | % | — | -46.3% | +30.6% | -8.0% | -2.5% | +21.7% | -11.6% | +23.8% | -66.1% | -9.2% | +84.4% | +50.4% | +39.7% | -11.5% | -11.2% | +10.6% | -84.8% | +1102.5% | -15.5% | -11.7% | +29.2% | -61.8% |
| Operating margin | % | 8.5% | 4.5% | 5.7% | 4.8% | 4.4% | 5.1% | 4.0% | 4.7% | 1.8% | 1.5% | 2.7% | 3.7% | 4.9% | 4.2% | 3.7% | 4.2% | 0.8% | 7.8% | 5.7% | 5.1% | 6.5% | 2.6% |
| Change | pp | — | -4.0pp | +1.2pp | -0.9pp | -0.4pp | +0.7pp | -1.1pp | +0.7pp | -2.9pp | -0.3pp | +1.2pp | +1.0pp | +1.2pp | -0.7pp | -0.5pp | +0.5pp | -3.4pp | +7.0pp | -2.1pp | -0.6pp | +1.4pp | -3.9pp |
- *1 Securities report (yuka shoken hokokusho), as filed
Balance sheet Total assets Equity Interest-bearing debt Equity ratio
Total assets, equity and interest-bearing debt (¥ bn), with the equity ratio (%)
| Fiscal year | Unit | 2002 *1 FYE Mar | 2003 *1 FYE Mar | 2004 *1 FYE Mar | 2005 *1 FYE Mar | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2016 *1 FYE Mar | 2017 *1 FYE Mar | 2018 *1 FYE Mar | 2019 *1 FYE Mar | 2020 *1 FYE Mar | 2021 *1 FYE Mar | 2022 *1 FYE Mar | 2023 *1 FYE Mar | 2024 *1 FYE Mar | 2025 *1 FYE Mar | 2026 *1 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | JPY | ¥221bn | ¥213bn | ¥225bn | ¥221bn | ¥232bn | ¥269bn | ¥293bn | ¥314bn | ¥341bn | ¥322bn | ¥333bn | ¥343bn | ¥351bn | ¥351bn | ¥364bn | ¥362bn | ¥366bn | ¥368bn | ¥345bn | ¥363bn | ¥377bn | ¥388bn | ¥416bn | ¥419bn | ¥421bn |
| YoY | % | — | -3.4% | +5.5% | -1.6% | +5.0% | +15.8% | +8.8% | +7.2% | +8.7% | -5.5% | +3.3% | +3.0% | +2.2% | +0.1% | +3.6% | -0.4% | +1.2% | +0.4% | -6.3% | +5.3% | +3.8% | +3.0% | +7.0% | +0.8% | +0.4% |
| Equity | JPY | ¥93bn | ¥94bn | ¥102bn | ¥107bn | ¥113bn | ¥143bn | ¥140bn | ¥137bn | ¥140bn | ¥140bn | ¥151bn | ¥159bn | ¥159bn | ¥167bn | ¥169bn | ¥180bn | ¥191bn | ¥192bn | ¥180bn | ¥195bn | ¥216bn | ¥225bn | ¥252bn | ¥265bn | ¥252bn |
| YoY | % | — | +1.4% | +8.3% | +5.3% | +5.2% | +27.2% | -2.3% | -2.5% | +2.4% | -0.1% | +7.7% | +5.4% | 0.0% | +5.4% | +0.8% | +7.0% | +6.0% | +0.5% | -6.2% | +8.1% | +11.0% | +4.1% | +11.8% | +5.3% | -5.0% |
| Interest-bearing debt | JPY | — | — | — | ¥71bn | ¥71bn | ¥77bn | ¥100bn | ¥135bn | ¥131bn | ¥116bn | ¥113bn | ¥125bn | ¥132bn | ¥83bn | ¥89bn | ¥75bn | ¥67bn | ¥69bn | ¥68bn | ¥82bn | ¥74bn | ¥72bn | ¥71bn | ¥62bn | ¥56bn |
| Equity ratio | % | 42.0% | 44.1% | 45.3% | 48.4% | 48.5% | 53.3% | 47.9% | 43.6% | 41.1% | 43.4% | 45.2% | 46.3% | 45.3% | 47.7% | 46.4% | 49.8% | 52.2% | 52.2% | 52.3% | 53.7% | 57.4% | 58.0% | 60.6% | 63.3% | 59.9% |
| Change | pp | — | +2.1pp | +1.2pp | +3.1pp | +0.1pp | +4.8pp | -5.4pp | -4.3pp | -2.5pp | +2.3pp | +1.8pp | +1.1pp | -1.0pp | +2.4pp | -1.3pp | +3.4pp | +2.4pp | 0.0pp | +0.1pp | +1.4pp | +3.7pp | +0.6pp | +2.6pp | +2.7pp | -3.4pp |
- *1 Securities report (yuka shoken hokokusho), as filed
Cash flow Operating CF Investing CF Financing CF
Cash generated by operations, spent on investment and raised or repaid in financing (¥ bn)
| Fiscal year | Unit | 2002 *1 FYE Mar | 2003 *1 FYE Mar | 2004 *1 FYE Mar | 2005 *1 FYE Mar | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2016 *1 FYE Mar | 2017 *1 FYE Mar | 2018 *1 FYE Mar | 2019 *1 FYE Mar | 2020 *1 FYE Mar | 2021 *1 FYE Mar | 2022 *1 FYE Mar | 2023 *1 FYE Mar | 2024 *1 FYE Mar | 2025 *1 FYE Mar | 2026 *1 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | JPY | ¥15bn | ¥26bn | ¥19bn | ¥19bn | ¥16bn | ¥15bn | ¥13bn | ¥10bn | ¥37bn | ¥26bn | ¥29bn | ¥21bn | ¥19bn | ¥28bn | ¥21bn | ¥29bn | ¥20bn | ¥22bn | ¥44bn | ¥24bn | ¥20bn | ¥1.7bn | ¥22bn | ¥41bn | ¥10bn |
| YoY | % | — | +78.9% | -26.0% | -1.8% | -16.0% | -7.2% | -12.8% | -23.0% | +269.4% | -30.0% | +12.0% | -26.8% | -11.9% | +49.2% | -24.8% | +38.1% | -31.7% | +9.5% | +103.3% | -46.0% | -15.0% | -91.4% | +1178.4% | +83.4% | -75.1% |
| Investing CF | JPY | -¥13bn | -¥16bn | -¥15bn | -¥10bn | -¥16bn | -¥44bn | -¥35bn | -¥35bn | -¥11bn | -¥6.2bn | -¥9.6bn | -¥25bn | -¥23bn | -¥16bn | -¥3.6bn | -¥14bn | -¥14bn | -¥19bn | -¥20bn | -¥20bn | -¥1.6bn | -¥13bn | -¥15bn | -¥19bn | -¥3.3bn |
| Financing CF | JPY | -¥3.7bn | -¥7.8bn | -¥1.4bn | -¥11bn | -¥0.6bn | ¥32bn | ¥21bn | ¥32bn | -¥31bn | -¥20bn | -¥9.2bn | ¥9.3bn | -¥7.5bn | -¥17bn | -¥12bn | -¥14bn | -¥11bn | -¥0.9bn | -¥17bn | ¥4.4bn | -¥19bn | -¥2.1bn | -¥3.8bn | -¥19bn | -¥6.3bn |
| Cash & equivalents | JPY | ¥4.4bn | ¥6.8bn | ¥9.5bn | ¥7.6bn | ¥7.3bn | ¥10bn | ¥8.4bn | ¥15bn | ¥12bn | ¥11bn | ¥23bn | ¥29bn | ¥20bn | ¥15bn | ¥19bn | ¥19bn | ¥14bn | ¥15bn | ¥21bn | ¥30bn | ¥30bn | ¥18bn | ¥22bn | ¥25bn | ¥26bn |
| YoY | % | — | +53.9% | +40.9% | -20.0% | -4.2% | +38.5% | -17.5% | +81.8% | -23.3% | -4.1% | +106.9% | +25.2% | -31.4% | -23.1% | +23.5% | +2.1% | -25.9% | +6.4% | +40.7% | +39.6% | +1.4% | -40.3% | +22.6% | +13.6% | +5.1% |
- *1 Securities report (yuka shoken hokokusho), as filed
Key ratios Operating margin Net margin ROE Equity ratio
Profitability and balance-sheet strength (%). ROE uses year-end equity.
| Fiscal year | Unit | 2002 *1 FYE Mar | 2003 *1 FYE Mar | 2004 *1 FYE Mar | 2005 *1 FYE Mar | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2016 *1 FYE Mar | 2017 *1 FYE Mar | 2018 *1 FYE Mar | 2019 *1 FYE Mar | 2020 *1 FYE Mar | 2021 *1 FYE Mar | 2022 *1 FYE Mar | 2023 *1 FYE Mar | 2024 *1 FYE Mar | 2025 *1 FYE Mar | 2026 *1 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | % | — | — | — | 8.5% | 4.5% | 5.7% | 4.8% | 4.4% | 5.1% | 4.0% | 4.7% | 1.8% | 1.5% | 2.7% | 3.7% | 4.9% | 4.2% | 3.7% | 4.2% | 0.8% | 7.8% | 5.7% | 5.1% | 6.5% | 2.6% |
| Change | pp | — | — | — | — | -4.0pp | +1.2pp | -0.9pp | -0.4pp | +0.7pp | -1.1pp | +0.7pp | -2.9pp | -0.3pp | +1.2pp | +1.0pp | +1.2pp | -0.7pp | -0.5pp | +0.5pp | -3.4pp | +7.0pp | -2.1pp | -0.6pp | +1.4pp | -3.9pp |
| Net margin | % | 2.0% | 2.1% | 4.4% | 4.6% | 2.1% | 2.8% | 2.4% | 1.0% | 3.7% | 2.5% | 5.5% | 3.9% | 2.7% | 3.7% | 3.0% | 4.0% | 3.8% | 3.3% | 3.1% | 6.4% | 8.1% | 2.8% | 2.8% | 5.1% | 2.5% |
| Change | pp | — | +0.1pp | +2.3pp | +0.2pp | -2.5pp | +0.7pp | -0.4pp | -1.4pp | +2.7pp | -1.2pp | +3.0pp | -1.6pp | -1.2pp | +1.0pp | -0.7pp | +1.0pp | -0.2pp | -0.5pp | -0.2pp | +3.3pp | +1.7pp | -5.3pp | 0.0pp | +2.3pp | -2.6pp |
| ROE | % | 3.0% | 3.2% | 6.3% | 6.5% | 2.9% | 3.1% | 2.9% | 1.4% | 5.2% | 3.9% | 8.4% | 5.1% | 3.8% | 5.0% | 4.4% | 5.8% | 5.4% | 4.8% | 4.5% | 7.3% | 9.8% | 3.7% | 3.3% | 5.9% | 2.9% |
| Change | pp | — | +0.2pp | +3.1pp | +0.2pp | -3.6pp | +0.2pp | -0.2pp | -1.5pp | +3.8pp | -1.3pp | +4.5pp | -3.3pp | -1.3pp | +1.2pp | -0.6pp | +1.4pp | -0.4pp | -0.6pp | -0.3pp | +2.8pp | +2.5pp | -6.1pp | -0.4pp | +2.6pp | -3.0pp |
| Equity ratio | % | 42.0% | 44.1% | 45.3% | 48.4% | 48.5% | 53.3% | 47.9% | 43.6% | 41.1% | 43.4% | 45.2% | 46.3% | 45.3% | 47.7% | 46.4% | 49.8% | 52.2% | 52.2% | 52.3% | 53.7% | 57.4% | 58.0% | 60.6% | 63.3% | 59.9% |
| Change | pp | — | +2.1pp | +1.2pp | +3.1pp | +0.1pp | +4.8pp | -5.4pp | -4.3pp | -2.5pp | +2.3pp | +1.8pp | +1.1pp | -1.0pp | +2.4pp | -1.3pp | +3.4pp | +2.4pp | 0.0pp | +0.1pp | +1.4pp | +3.7pp | +0.6pp | +2.6pp | +2.7pp | -3.4pp |
- *1 Securities report (yuka shoken hokokusho), as filed
Reporting basis
Which accounting standard each fiscal year was filed under. Figures are not strictly comparable across a change of standard.
| Fiscal year | Unit | 2001 *1 FYE Mar | 2002 *1 FYE Mar | 2003 *1 FYE Mar | 2004 *1 FYE Mar | 2005 *1 FYE Mar | 2006 *1 FYE Mar | 2007 *1 FYE Mar | 2008 *1 FYE Mar | 2009 *1 FYE Mar | 2010 *1 FYE Mar | 2011 *1 FYE Mar | 2012 *1 FYE Mar | 2013 *1 FYE Mar | 2014 *1 FYE Mar | 2015 *1 FYE Mar | 2016 *1 FYE Mar | 2017 *1 FYE Mar | 2018 *1 FYE Mar | 2019 *1 FYE Mar | 2020 *1 FYE Mar | 2021 *1 FYE Mar | 2022 *1 FYE Mar | 2023 *1 FYE Mar | 2024 *1 FYE Mar | 2025 *1 FYE Mar | 2026 *1 FYE Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Standard | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | JGAAP | |
| Basis | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
- *1 Securities report (yuka shoken hokokusho), as filed
Yen–dollar exchange rate ¥ per US$1
Annual average, yen per one US dollar. Every figure above is in yen as filed — convert one using the rate of its own year, never today's. A higher line is a weaker yen.
| Fiscal year | Unit | 1949 *1 Cal. year | 1950 *1 Cal. year | 1951 *1 Cal. year | 1952 *1 Cal. year | 1953 *1 Cal. year | 1954 *1 Cal. year | 1955 *1 Cal. year | 1956 *1 Cal. year | 1957 *1 Cal. year | 1958 *1 Cal. year | 1959 *1 Cal. year | 1960 *1 Cal. year | 1961 *1 Cal. year | 1962 *1 Cal. year | 1963 *1 Cal. year | 1964 *1 Cal. year | 1965 *1 Cal. year | 1966 *1 Cal. year | 1967 *1 Cal. year | 1968 *1 Cal. year | 1969 *1 Cal. year | 1970 *1 Cal. year | 1971 *1 Cal. year | 1972 *2 Cal. year | 1973 *3 Cal. year | 1974 *3 Cal. year | 1975 *3 Cal. year | 1976 *3 Cal. year | 1977 *3 Cal. year | 1978 *3 Cal. year | 1979 *3 Cal. year | 1980 *4 Cal. year | 1981 *4 Cal. year | 1982 *4 Cal. year | 1983 *4 Cal. year | 1984 *4 Cal. year | 1985 *4 Cal. year | 1986 *4 Cal. year | 1987 *4 Cal. year | 1988 *4 Cal. year | 1989 *4 Cal. year | 1990 *4 Cal. year | 1991 *4 Cal. year | 1992 *4 Cal. year | 1993 *4 Cal. year | 1994 *4 Cal. year | 1995 *4 Cal. year | 1996 *4 Cal. year | 1997 *4 Cal. year | 1998 *4 Cal. year | 1999 *4 Cal. year | 2000 *4 Cal. year | 2001 *4 Cal. year | 2002 *4 Cal. year | 2003 *4 Cal. year | 2004 *4 Cal. year | 2005 *4 Cal. year | 2006 *4 Cal. year | 2007 *4 Cal. year | 2008 *4 Cal. year | 2009 *4 Cal. year | 2010 *4 Cal. year | 2011 *4 Cal. year | 2012 *4 Cal. year | 2013 *4 Cal. year | 2014 *4 Cal. year | 2015 *4 Cal. year | 2016 *4 Cal. year | 2017 *4 Cal. year | 2018 *4 Cal. year | 2019 *4 Cal. year | 2020 *4 Cal. year | 2021 *4 Cal. year | 2022 *4 Cal. year | 2023 *4 Cal. year | 2024 *4 Cal. year | 2025 *4 Cal. year | 2026 *4,5 Cal. year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rate | ¥/US$ | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥360.00 | ¥308.00 | ¥274.00 | ¥293.00 | ¥299.00 | ¥292.00 | ¥257.00 | ¥201.00 | ¥230.00 | ¥226.69 | ¥220.55 | ¥249.06 | ¥237.48 | ¥237.53 | ¥238.53 | ¥168.52 | ¥144.60 | ¥128.13 | ¥137.98 | ¥144.81 | ¥134.51 | ¥126.67 | ¥111.18 | ¥102.22 | ¥94.05 | ¥108.77 | ¥121.02 | ¥130.89 | ¥113.84 | ¥107.74 | ¥121.52 | ¥125.28 | ¥115.92 | ¥108.16 | ¥110.15 | ¥116.28 | ¥117.77 | ¥103.33 | ¥93.53 | ¥87.77 | ¥79.78 | ¥79.79 | ¥97.60 | ¥105.84 | ¥121.02 | ¥108.84 | ¥112.16 | ¥110.40 | ¥109.01 | ¥106.78 | ¥109.78 | ¥131.37 | ¥140.51 | ¥151.50 | ¥149.65 | ¥158.16 |
| YoY | % | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -14.4% | -11.0% | +6.9% | +2.0% | -2.3% | -12.0% | -21.8% | +14.4% | -1.4% | -2.7% | +12.9% | -4.6% | 0.0% | +0.4% | -29.4% | -14.2% | -11.4% | +7.7% | +4.9% | -7.1% | -5.8% | -12.2% | -8.1% | -8.0% | +15.7% | +11.3% | +8.2% | -13.0% | -5.4% | +12.8% | +3.1% | -7.5% | -6.7% | +1.8% | +5.6% | +1.3% | -12.3% | -9.5% | -6.2% | -9.1% | 0.0% | +22.3% | +8.4% | +14.3% | -10.1% | +3.1% | -1.6% | -1.3% | -2.0% | +2.8% | +19.7% | +7.0% | +7.8% | -1.2% | +5.7% |
- *1 1949-1971: Fixed Bretton Woods peg ¥360/$ (Dodge Line 1949; Smithsonian ¥308 from Dec 1971).
- *2 1972: Smithsonian peg ¥308/$ (held until Feb 1973 float).
- *3 1973-1979: JIL (Japan Institute for Labour Policy and Training) g0001.xlsx — fiscal-year (Apr–Mar) basis, integer-rounded. PROVISIONAL; upgrade to BOJ FXERM07 calendar-year later.
- *4 1980-2026: Bank of Japan stat-search FM08'FXERM07 (Tokyo market, USD/JPY spot, 17:00 fixing, monthly average) — calendar-year average of monthly averages.
- *5 Provisional — part-year average, not a full calendar year.
All figures are in Japanese yen as filed. Where a foreign-currency comparison is needed elsewhere on this site, yen amounts are converted at the average rate of each figure's own year — not today's rate. Exchange rates & sources →
Read the company history → 日本語版（詳細）— full financial data in Japanese →
Disclaimer
- This page is provided for general information only and is not investment advice, nor a recommendation to buy or sell any security.
- Figures are compiled independently and include our own estimates, approximations and machine-processed data; we make no warranty as to their accuracy or completeness.
- Sources are primarily each company's securities reports and other public filings, but errors and omissions may remain.
- Any use of this information is at the reader's own risk. Past performance does not indicate future results.
- Company names, logos and other marks belong to their respective owners.
Data API
Hokuetsu Corporation’s history, financials, executives and
shareholders are published as static JSON — no key, plain GET.
| Method | Endpoint | Returns |
|---|---|---|
| GET | /api/companies.json | All companies |
| GET | /api/3865/manifest.json | Resource index |
| GET | /api/3865/history.json | History overview |
| GET | /api/3865/timeline.json | Chronology |
| GET | /api/decisions.json | All management decisions (index) |
| GET | /api/3865/decisions.json | Management decisions (index) |
| GET | /api/3865/decisions/{slug}.json | One decision (full dossier) |
| GET | /api/3865/executives.json | Executives |
| GET | /api/3865/shareholders.json | Major shareholders |
| GET | /api/3865/financials.json | Financial statements |
| GET | /api/3865/financials-longterm.json | Long-term results |
| GET | /api/3865/segments.json | Business segments |
| GET | /api/3865/regions.json | Sales by region |
| GET | /api/3865/workforce.json | Workforce |