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Forum Engineering, Inc.
(7088)
Forum Engineering, Inc. (7088) vs. iShares MSCI Japan ETF (EWJ)
Forum Engineering, Inc. Business Overview & Revenue Model
Forum Engineering, Inc. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.39B | 34.69B | 31.28B | 28.75B | 26.91B | 27.73B |
| Gross Profit | 10.67B | 10.50B | 9.14B | 8.43B | 7.89B | 8.52B |
| EBITDA | 4.72B | 4.70B | 3.42B | 1.97B | 2.28B | 2.73B |
| Net Income | 2.92B | 2.88B | 2.04B | 1.16B | 1.25B | 1.34B |
Balance Sheet | ||||||
| Total Assets | 18.51B | 18.78B | 17.92B | 17.70B | 20.77B | 20.89B |
| Cash, Cash Equivalents and Short-Term Investments | 10.93B | 11.63B | 11.01B | 10.60B | 13.69B | 14.30B |
| Total Debt | 64.00M | 96.00M | 12.00M | 2.00B | 5.00B | 5.00B |
| Total Liabilities | 6.25B | 5.61B | 4.63B | 5.73B | 8.79B | 8.82B |
| Stockholders Equity | 12.02B | 12.91B | 12.97B | 11.97B | 11.97B | 12.07B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.69B | 3.09B | 1.02B | 841.00M | 2.21B |
| Operating Cash Flow | 0.00 | 3.97B | 3.30B | 1.51B | 1.46B | 2.69B |
| Investing Cash Flow | 0.00 | 110.00M | -1.08B | -594.00M | -838.00M | -373.00M |
| Financing Cash Flow | 0.00 | -2.97B | -2.77B | -4.21B | -1.41B | 2.81B |
Forum Engineering, Inc. Technical Analysis
Forum Engineering, Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥32.79B | 10.17 | ― | 3.82% | 1.22% | -5.35% | |
72 Outperform | ¥52.35B | 17.01 | ― | 3.61% | 8.08% | -19.45% | |
72 Outperform | ¥59.44B | 11.02 | ― | 3.66% | 3.47% | -0.05% | |
70 Outperform | ¥89.03B | 28.17 | ― | 3.53% | 9.97% | 22.68% | |
66 Neutral | ¥49.65B | 6.67 | ― | 3.16% | 15.79% | 113.14% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
Forum Engineering, Inc. Corporate Events
Forum Engineering Inc. announced that the tender offer launched on 11 November 2025 by KJ003 Co., Ltd. for its common shares and certain share options closed successfully on 23 December 2025 after the number of tendered securities exceeded the minimum threshold of 15,613,500 shares. As a result of the transaction, KJ003 Co., Ltd. will hold more than 50% of Forum Engineering’s voting rights from 30 December 2025, making it the company’s new parent, largest and major shareholder, while its own parent KJ003 Group Co., Ltd. and ultimate parent KJ003 HD Co., Ltd. will also be recognized as parent companies, and existing major shareholder La Terre Holdings Co., Ltd., linked to founder Izumi Okubo, will lose its status as largest major shareholder, marking a significant shift in control and governance for Forum Engineering.
The most recent analyst rating on (JP:7088) stock is a Buy with a Yen1881.00 price target. To see the full list of analyst forecasts on Forum Engineering, Inc. stock, see the JP:7088 Stock Forecast page.
Forum Engineering Inc. announced an organizational restructuring effective January 1, 2026, consolidating its East and West Japan New Graduate Recruitment Departments into a unified Cognavi Graduate Department, creating a new Student Support Promotion Department, and shifting the Information Systems and Core Systems Departments from the Administration Section to the System Development Section. In tandem, the company is realigning executive officer responsibilities to reflect the new structure, notably concentrating Cognavi-related, student support, and job referral functions under Managing Executive Officer Masahiro Koizumi, and moving systems and sales-planning roles among senior executives; these changes are aimed at strengthening its recruitment and student support businesses, streamlining system development, and clarifying leadership over key growth areas and regional sales operations.
The most recent analyst rating on (JP:7088) stock is a Buy with a Yen1881.00 price target. To see the full list of analyst forecasts on Forum Engineering, Inc. stock, see the JP:7088 Stock Forecast page.
Forum Engineering Inc. has announced the establishment of a record date for an Extraordinary General Meeting of Shareholders in late February 2026. This meeting is part of a series of transactions by KJ003 Co., Ltd. to acquire all common shares of Forum Engineering, aiming to take the company private. The transactions include tender offers, amendments to the Articles of Incorporation, and capital restructuring, which could significantly impact the company’s shareholder structure and market strategy.
The most recent analyst rating on (JP:7088) stock is a Buy with a Yen1881.00 price target. To see the full list of analyst forecasts on Forum Engineering, Inc. stock, see the JP:7088 Stock Forecast page.
Forum Engineering Inc. announced an amendment to the public notice regarding a tender offer initiated by KJ003 Co., Ltd. for its shares. The amendment follows regulatory feedback and changes in financial commitments, ensuring compliance with the Financial Instruments and Exchange Act. This revision does not alter the purchase conditions but updates the documentation to reflect recent developments.
The most recent analyst rating on (JP:7088) stock is a Buy with a Yen1881.00 price target. To see the full list of analyst forecasts on Forum Engineering, Inc. stock, see the JP:7088 Stock Forecast page.
KJ003 Co., Ltd. has announced a tender offer to acquire all shares and share options of Forum Engineering Inc., a company listed on the Tokyo Stock Exchange Prime Market. This move is part of a strategic transaction to take Forum Engineering private, involving amendments to its Articles of Incorporation, capital restructuring, and a series of financial maneuvers aimed at consolidating control over the company.
The most recent analyst rating on (JP:7088) stock is a Buy with a Yen1375.00 price target. To see the full list of analyst forecasts on Forum Engineering, Inc. stock, see the JP:7088 Stock Forecast page.
Forum Engineering Inc. announced a plan to acquire its own shares through a tender offer, subject to certain conditions, including the effectiveness of a capital reduction. This move is part of a strategic transaction involving KJ003 Co., Ltd., which aims to acquire and manage Forum Engineering’s stock and share options. The transaction is expected to impact the company’s operations and industry positioning, with KKR, a major investment firm, playing a significant role in the process.
The most recent analyst rating on (JP:7088) stock is a Buy with a Yen1375.00 price target. To see the full list of analyst forecasts on Forum Engineering, Inc. stock, see the JP:7088 Stock Forecast page.
Forum Engineering Inc. has announced that its board of directors has expressed support for a tender offer by KJ003 Co., Ltd. to acquire all of the company’s shares and share options, with plans to delist the company. This move is intended to make Forum Engineering a wholly-owned subsidiary of KJ003 Co., Ltd., which could significantly impact the company’s market positioning and shareholder value.
The most recent analyst rating on (JP:7088) stock is a Buy with a Yen1375.00 price target. To see the full list of analyst forecasts on Forum Engineering, Inc. stock, see the JP:7088 Stock Forecast page.
Forum Engineering Inc. reported a significant increase in its financial performance for the first six months of the fiscal year ending March 2026, with net sales rising by 9% and profit attributable to owners of the parent increasing by 20.7% compared to the previous year. Despite the positive financial results, the company announced it will not pay dividends for the fiscal year due to a tender offer by KJ003 Co., Ltd., which will result in the delisting of the company’s shares, indicating a major shift in its market strategy and ownership structure.
The most recent analyst rating on (JP:7088) stock is a Buy with a Yen1375.00 price target. To see the full list of analyst forecasts on Forum Engineering, Inc. stock, see the JP:7088 Stock Forecast page.
Forum Engineering Inc. has decided to terminate its mid-term management plan, ‘cognavi Vision2026,’ five months early due to the need for strategic initiatives to address management challenges. The company plans to proceed with privatization alongside KJ003 Corporation to ensure sustainable growth and enhance corporate value, foregoing the announcement of a new medium-term plan for now.
The most recent analyst rating on (JP:7088) stock is a Buy with a Yen1375.00 price target. To see the full list of analyst forecasts on Forum Engineering, Inc. stock, see the JP:7088 Stock Forecast page.
Forum Engineering Inc. announced a revision to its dividend forecast for the fiscal year ending March 31, 2026, deciding not to pay any interim or year-end dividends. This decision aligns with the planned tender offer by KJ003 Corporation, which aims to acquire all common shares and stock acquisition rights, potentially leading to Forum Engineering becoming a wholly owned subsidiary and its shares being delisted. The company has traditionally prioritized stable and growing dividends, but the tender offer’s terms necessitate this temporary suspension of dividends.
The most recent analyst rating on (JP:7088) stock is a Buy with a Yen1375.00 price target. To see the full list of analyst forecasts on Forum Engineering, Inc. stock, see the JP:7088 Stock Forecast page.