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Kokuyo Co
(7984)
Kokuyo Co (7984) vs. iShares MSCI Japan ETF (EWJ)
Kokuyo Co Business Overview & Revenue Model
Kokuyo Co Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 359.88B | 338.23B | 328.75B | 300.93B | 320.17B |
| Gross Profit | 144.47B | 132.92B | 127.39B | 116.67B | 115.71B |
| EBITDA | 34.43B | 43.31B | 36.08B | 30.45B | 28.90B |
| Net Income | 21.47B | 21.79B | 19.07B | 18.24B | 13.70B |
Balance Sheet | |||||
| Total Assets | 355.05B | 362.96B | 358.41B | 337.17B | 324.58B |
| Cash, Cash Equivalents and Short-Term Investments | 110.75B | 132.34B | 115.62B | 98.46B | 101.29B |
| Total Debt | 3.47B | 4.18B | 9.24B | 9.47B | 9.32B |
| Total Liabilities | 99.59B | 98.90B | 104.99B | 97.42B | 94.47B |
| Stockholders Equity | 251.68B | 260.55B | 251.84B | 237.87B | 228.47B |
Cash Flow | |||||
| Free Cash Flow | 7.91B | 8.60B | 28.39B | 3.93B | 15.75B |
| Operating Cash Flow | 14.37B | 16.38B | 34.74B | 9.58B | 21.79B |
| Investing Cash Flow | -4.61B | 12.25B | -3.80B | -3.32B | 2.56B |
| Financing Cash Flow | -31.65B | -15.62B | -14.44B | -8.99B | -15.06B |
Kokuyo Co Technical Analysis
Kokuyo Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥270.67B | 10.64 | ― | 3.99% | 6.02% | 18.88% | |
71 Outperform | ¥188.05B | 15.39 | ― | 2.56% | -0.26% | 3.35% | |
71 Outperform | ¥127.02B | 21.46 | ― | 2.09% | 6.39% | -34.84% | |
70 Neutral | ¥4.21B | 20.15 | ― | 2.03% | 3.24% | ― | |
67 Neutral | ¥395.12B | 19.07 | 8.83% | 2.33% | 6.29% | 8.74% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | ¥23.49B | 43.98 | ― | 1.69% | -2.71% | ― |
Kokuyo Co Corporate Events
Kokuyo Co., Ltd. has disclosed that Oasis Management Company Ltd., an asset management firm based in the Cayman Islands, has become its largest major shareholder. According to large-volume shareholding change reports filed with the Kanto Local Finance Bureau, Oasis increased its holding from 27,943,956 shares to 43,682,051 shares, representing 10.28% of Kokuyo’s voting rights as of February 6, 2026.
The company noted that these figures are based on regulatory filings and that it has not independently confirmed the exact number of shares held by Oasis, especially following a 4-for-1 stock split implemented on July 1, 2025. Kokuyo stated that the change in major shareholder status does not currently alter its announced outlook, suggesting no immediate impact on operations, though the larger stake may signal heightened investor influence over future governance or strategic decisions.
The most recent analyst rating on (JP:7984) stock is a Buy with a Yen1063.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.
Kokuyo Co., Ltd. has set May 1, 2026 as the official date to relocate its head office to the 14th floor of Park Tower in the Grand Green Osaka complex in Kita-ku, Osaka. This move advances a previously announced plan to modernize the company’s headquarters footprint and aligns its corporate base with a newly developed urban business hub.
The company expects no significant impact on consolidated results for the year ending December 31, 2026 from the relocation, framing the associated investment and expenses as value-enhancing over the medium to long term. Kokuyo is also considering selling the land and building of its current head office after the move to improve asset efficiency and effective capital use, a step that could reshape its balance sheet and asset portfolio.
The most recent analyst rating on (JP:7984) stock is a Buy with a Yen1063.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.
Kokuyo Co., Ltd. has approved the introduction of a performance-linked stock compensation plan for its corporate and managing officers, aligning executive pay more closely with the company’s medium-term strategy and financial targets. The scheme is built around the firm’s fourth medium-term plan, which prioritizes EBITDA and other value-creation metrics as key measures of progress.
The new compensation structure consists of two plans: one tied to consolidated ROE and consolidated EBITDA, and another linked to relative total shareholder return, with defined multi-year evaluation periods starting in 2026. Awards will be delivered as a mix of cash and restricted stock, subject to continued eligibility, and include a clawback clause, reinforcing corporate governance and further aligning management incentives with shareholder interests.
The most recent analyst rating on (JP:7984) stock is a Buy with a Yen1063.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.
Kokuyo Co., Ltd. has announced that its board will propose an increase in the year-end dividend for the fiscal year ended December 2025, raising the payout to 13 yen per share from the previously forecast 11.5 yen, with total year-end dividends of 5,599 million yen. This follows a 4-for-1 stock split in July 2025 and compares with a year-end dividend of 9.75 yen for 2024 on a post-split basis.
As a result, Kokuyo’s total annual dividend for 2025 will rise to 24.5 yen per share, up from 19.25 yen a year earlier, corresponding to a payout ratio of 50.7%. The move underscores the company’s progressive dividend policy, under which it aims to keep dividends at least at the prior year’s level while targeting a 50% consolidated payout ratio, signaling continued commitment to shareholder returns alongside ongoing business growth efforts.
The most recent analyst rating on (JP:7984) stock is a Buy with a Yen1063.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.
Kokuyo Co., Ltd., a leading Japanese office furniture and stationery maker, reported consolidated net sales of ¥359.9 billion for the fiscal year ended December 31, 2025, up 6.2% year on year, with operating income rising 16.5% to ¥26.2 billion and ordinary income climbing 11.5% to ¥27.2 billion. Profit attributable to owners of the parent edged down 1.4% to ¥21.5 billion, as the company absorbed a change in accounting presentation of real estate-related income and expenses, while maintaining a solid equity ratio of 70.9% despite a slight decline in total assets.
Operating cash flow decreased to ¥14.4 billion and cash and cash equivalents at year-end fell to ¥110.6 billion, reflecting higher financing outflows of ¥31.6 billion, even as investing activities turned to a net outflow. Kokuyo implemented a 4-for-1 stock split on July 1, 2025, raised total annual dividends to ¥10.7 billion with a payout ratio of 50.7%, and signaled continued shareholder returns with a forecast payout ratio of 51.2% for 2026, underscoring a commitment to balancing growth investment with distributions.
The most recent analyst rating on (JP:7984) stock is a Buy with a Yen1063.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.
Kokuyo Co., Ltd. has canceled 22 million of its own common shares, representing 4.75% of its issued shares before the transaction, with the cancellation completed on December 25, 2025 under Article 178 of the Companies Act. Following this move, the company now has 440,969,852 issued shares outstanding and reaffirmed its capital policy under its fourth medium-term plan to keep treasury shares below 2% of total issued shares and to cancel any excess on an ongoing basis, signaling continued emphasis on shareholder-oriented capital efficiency and disciplined balance sheet management.
The most recent analyst rating on (JP:7984) stock is a Buy with a Yen1063.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.
KOKUYO Co., Ltd. has completed a share repurchase program authorized by its board on February 14, 2025, conducting open-market buybacks of its common stock on the Tokyo Stock Exchange. In the latest tranche, between December 1 and December 19, 2025, the company acquired 2,063,300 shares for approximately ¥1.92 billion, bringing total repurchases under the program to 23,089,300 shares at a cost of about ¥20 billion, with figures presented on a post–four-for-one stock split basis. The completion of this sizable buyback, close to the approved monetary ceiling, underscores KOKUYO’s ongoing efforts to enhance shareholder returns and optimize its capital structure, which may support earnings per share and signal confidence in the company’s long-term prospects.
The most recent analyst rating on (JP:7984) stock is a Buy with a Yen1063.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.
Kokuyo Co., Ltd. has announced its plan to acquire Thien Long Group Corporation, a prominent Vietnamese stationery manufacturer, through a stock purchase and tender offer. This acquisition aligns with Kokuyo’s strategy to expand its global presence and leverage TLG’s strong business infrastructure in the ASEAN region, contributing to sustained growth and long-term value creation for both companies.
The most recent analyst rating on (JP:7984) stock is a Buy with a Yen948.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.
Kokuyo Co., Ltd. has announced a share buyback program, acquiring 1,974,400 shares valued at approximately ¥1.78 billion between November 1 and November 30, 2025. This move follows a previous buyback initiative approved in February 2025, which included a four-for-one stock split in July 2025, and reflects Kokuyo’s ongoing efforts to optimize capital structure and enhance shareholder returns.
The most recent analyst rating on (JP:7984) stock is a Buy with a Yen948.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.
Kokuyo Co., Ltd. has announced its plan to acquire six Japan-based sales companies, currently equity-method affiliates, to make them wholly owned subsidiaries and integrate them into Kokuyo Marketing Co. Ltd. This strategic move aims to consolidate resources, enhance competitive advantage, and strengthen Kokuyo’s sales network in Japan, thereby improving resilience and unlocking further growth in its B2B operations. The reorganization is expected to improve knowledge-sharing and coordination, enabling Kokuyo to deliver greater value to customers and gain a competitive edge in a changing market.
The most recent analyst rating on (JP:7984) stock is a Buy with a Yen948.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.
Kokuyo Co., Ltd. announced the cancellation of 22 million treasury shares, which represents 4.75% of its total issued shares, as part of its financial strategy to maintain treasury shares below 2% of total shares. This move is aligned with the company’s fourth medium-term plan, aiming to optimize capital structure and enhance shareholder value.
The most recent analyst rating on (JP:7984) stock is a Buy with a Yen948.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.