FORVAL TELECOM,INC.

9445・Standard Market・Information & Communication

Official website

FORVAL TELECOM,INC.

9445・Standard Market・Information & Communication

Official website

FORVAL TELECOM,INC.9445

Reference Indicators

Market Cap

90¥100M

P/E (Forecast)

10.0x

P/B

2.3x

Dividend Yield (Forecast)

4.66%

ROE

27.1%

EV/EBITDA

4.7x

Financial Summary

Unit: ¥M

Item	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Net Sales	21,801	24,748	23,115	25,684	23,973
Cost of Sales	15,853	19,498	17,337	19,648	18,433
Gross Profit	5,947	5,249	5,777	6,036	5,539
SG&A Expenses	4,879	4,676	4,753	4,893	4,301
Operating Income	1,068	573	1,023	1,142	1,238
Non-operating Income	19	86	19	21	26
Non-operating Expenses	86	18	35	11	4
Ordinary Income	1,001	641	1,008	1,153	1,260
Extraordinary Income	354	—	160	0	58
Extraordinary Losses	1	0	2	0	2
Pre-tax Income	1,355	641	1,166	1,153	1,316
Income Taxes	480	263	416	421	331
Net Income	868	378	750	732	985
EBITDA	1,351	891	1,470	1,566	1,655
Gross Margin	27.3%	21.2%	25.0%	23.5%	23.1%
Operating Margin	4.9%	2.3%	4.4%	4.4%	5.2%
ROA	7.9%	3.4%	7.3%	7.1%	9.2%
ROE	42.7%	15.9%	28.1%	23.5%	27.1%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
IP ＆ Mobileソリューション・ビジネス	9,377	1,077	11.5%
ユーティリティ・ビジネス	10,851	1,179	10.9%
コンサルティング・ビジネス	3,743	277	7.4%