Balance Sheet StrengthVery low leverage and a sizeable equity base provide durable financial flexibility and downside protection. This conservatism supports capital allocation choices, preserves investment capacity through cyclical weakness, and reduces refinancing risk over the next several quarters.

Stable Gross MarginsConsistent gross margins indicate that core product economics and cost structure for printing and forms remain intact. That stability supports operating leverage recovery if volumes stabilize, and implies pricing or input-cost control that can aid profit recovery over a multi-quarter horizon.

Positive Cash GenerationOngoing positive operating cash flow, even after a downshift, means the company still generates internal liquidity to fund operations, modest capex, and shareholder returns. This reduces near-term solvency risk and gives management time to execute structural fixes.

Bears Say

Sustained Revenue DeclineMulti-year top-line contraction erodes scale and pricing power in a business that relies on volume for fixed-cost absorption. Continued revenue loss pressures long-term growth prospects and makes margin recovery harder without structural changes to products or distribution.

Compressed Net MarginsA sharp drop in net margin signals weakened profitability and reduced capacity to fund reinvestment or dividends from earnings. Persistently low net margins constrain return on equity and increase vulnerability to cost inflation or further volume declines over coming quarters.

Declining Free Cash FlowA marked reduction in free cash flow limits the company's ability to invest, pursue growth initiatives, or sustain distributions. If the FCF downshift persists, capital allocation flexibility will tighten and the company becomes more sensitive to external shocks.

3948 FAQ

What was Hikari Business Form Co., Ltd.’s price range in the past 12 months?

Hikari Business Form Co., Ltd. lowest stock price was ¥740.00 and its highest was ¥1400.00 in the past 12 months.

What is Hikari Business Form Co., Ltd.’s market cap?

Hikari Business Form Co., Ltd.’s market cap is ¥7.37B.

When is Hikari Business Form Co., Ltd.’s upcoming earnings report date?

Hikari Business Form Co., Ltd.’s upcoming earnings report date is May 13, 2026 which is in 83 days.

How were Hikari Business Form Co., Ltd.’s earnings last quarter?

Hikari Business Form Co., Ltd. released its earnings results on Feb 10, 2026. The company reported ¥12.18 earnings per share for the quarter, beating the consensus estimate of N/A by ¥12.18.

Is Hikari Business Form Co., Ltd. overvalued?

According to Wall Street analysts Hikari Business Form Co., Ltd.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Hikari Business Form Co., Ltd. pay dividends?

Hikari Business Form Co., Ltd. pays a Semiannually dividend of ¥25 which represents an annual dividend yield of 2.94%. See more information on Hikari Business Form Co., Ltd. dividends here

What is Hikari Business Form Co., Ltd.’s EPS estimate?

Hikari Business Form Co., Ltd.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Hikari Business Form Co., Ltd. have?

Hikari Business Form Co., Ltd. has 5,815,294 shares outstanding.

What happened to Hikari Business Form Co., Ltd.’s price movement after its last earnings report?

Hikari Business Form Co., Ltd. reported an EPS of ¥12.18 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 2.285%.

Which hedge fund is a major shareholder of Hikari Business Form Co., Ltd.?

Currently, no hedge funds are holding shares in JP:3948

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Hikari Business Form Co., Ltd.

Hikari Business Form Co., Ltd. (3948) is a leading company in the manufacturing of business forms and printing solutions, primarily serving the Japanese market. The company specializes in producing a wide range of printed materials, including invoices, shipping labels, and custom forms tailored to various industries. Hikari Business Form is committed to providing high-quality products that enhance operational efficiency for businesses, leveraging advanced printing technology and innovative design.