FORVAL CORPORATION (8275) Income statement

Market cap

¥31.4B

P/E ratio

21.1x

Forval provides technology consulting, telecommunications services, and environmental solutions to businesses across Japan and Asia through five specialized divisions.

Summary Financials Dividends History Ownership Workforce

Income statement Balance sheet Cash flow Other

	2012/03	2013/03	2014/03	2015/03	2016/03	2017/03	2018/03	2019/03	2020/03	2021/03	2022/03	2023/03	2024/03	2025/03
Revenue	34,695	35,193	39,443	45,075	50,408	50,263	51,352	57,520	49,732	49,789	51,535	59,539	63,528	72,629
Revenue growth (%)	-
Cost of revenue	-	-	-	32,482	35,795	34,276	34,587	38,740	30,911	31,929	32,488	39,183	41,065	47,379
Gross profit	-	-	-	12,593	14,613	15,987	16,765	18,780	18,820	17,860	19,048	20,356	22,463	25,251
Gross margin (%)	-	-	-
Operating margin (%)	-	-	-
Operating expenses	-	-	-	10,671	12,234	13,441	13,910	15,558	15,591	15,243	16,362	17,912	19,228	21,510
Operating income	-	-	-	1,922	2,380	2,546	2,854	3,221	3,229	2,617	2,686	2,443	3,235	3,740
Income before tax	871	1,232	1,486	1,818	2,331	2,616	2,961	3,308	3,325	2,484	2,855	2,717	3,459	3,976
Pretax margin (%)	2.5	3.5	3.8	4	4.6	5.2	5.8	5.8	6.7	5	5.5	4.6	5.4	5.5
Provision for income taxes	-	-	-	521	974	819	1,006	1,028	524	966	1,213	1,101	1,464	1,633
Effective tax rate (%)	-	-	-
Net income	586	658	870	1,341	1,571	1,792	1,954	2,260	1,068	1,504	2,067	1,839	2,271	2,423
Net income margin (%)
Earnings per share	47.87	58.58	83.71	46.81	53	62.32	68.67	82.3	42.48	53.34	71.71	65.41	78.2	83.06
Diluted EPS	-	-	-	46.8	52.96	62.32	68.67	82.3	-	53.32	71.71	65.41	78.2	-
Dividend payout ratio (%)	-	-	-	-	-	-	-	-	-					-
Dividend per share	-	-	-	-	-	-	-	-	26	26	26	27	28	30
EBITDA	-	-	-
EBITDA margin (%)	-	-	-