FURUBAYASHI SHIKO CO.,LTD.

3944・Standard Market・Pulp & Paper

Official website

FURUBAYASHI SHIKO CO.,LTD.

3944・Standard Market・Pulp & Paper

Official website

FURUBAYASHI SHIKO CO.,LTD.3944

Reference Indicators

Market Cap

43¥100M

P/E (Forecast)

10.7x

P/B

0.3x

Dividend Yield (Forecast)

2.07%

ROE

3.3%

EV/EBITDA

5.0x

Financial Summary

Unit: ¥M

Item	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Net Sales	16,147	17,058	17,911	18,101	17,865
Cost of Sales	13,734	14,375	14,954	15,440	14,904
Gross Profit	2,412	2,683	2,956	2,661	2,960
SG&A Expenses	2,242	2,214	2,366	2,471	2,528
Operating Income	169	468	590	189	432
Non-operating Income	145	150	223	317	185
Non-operating Expenses	130	128	116	120	146
Ordinary Income	185	489	697	385	470
Extraordinary Income	—	—	—	108	—
Extraordinary Losses	—	—	—	63	12
Pre-tax Income	185	489	697	430	458
Income Taxes	73	153	203	137	161
Net Income	135	330	439	248	315
EBITDA	610	920	1,037	832	1,127
Gross Margin	14.9%	15.7%	16.5%	14.7%	16.6%
Operating Margin	1.1%	2.7%	3.3%	1.0%	2.4%
ROA	0.8%	1.9%	2.3%	1.2%	1.5%
ROE	1.7%	4.2%	5.3%	2.8%	3.3%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
日本	15,399	625	4.1%
中国	2,465	-36	-1.5%