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Kokuyo Co., Ltd., together with its subsidiaries, manufactures, purchases, and sells office furniture products in Japan and internationally. The company operates in four segments: Furniture Business, Business Supply Distribution Business, Stationery Business, and Interior Retail Business. It offers office and public furniture, office supplies, stationery, and rear and household goods. The company also engages in wholesale, delivery, and assembly of interior and furniture; notebooks, writing instruments, and art supplies, with the Campus brand; procures and sells interior and lifestyle goods, operating instores and e-commerce stores; work style consulting; proposal and support system for stationery and office supplies; development and sale of creative picture book series and tools for creativity; and document digitization services, as well as spatial design and construction for offices, medical and educational institutions, public offices, and agencies. In addition, it is involved in the transportation and storage of products; sale of paper products; provision of outsourcing services for general affairs and other administrative tasks; furniture and building materials installation; procurement and leasing of office equipment; mail order sales of office supplies; and non-life insurance agency business. The company was formerly known as Kuroda Kokkodo Co., Ltd. and changed its name to Kokuyo Co., Ltd. in January 1961. Kokuyo Co., Ltd. was founded in 1905 and is headquartered in Kita, Japan.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Kokuyo Co., Ltd. makes and sells office furniture, stationery and workplace solutions in Japan and parts of Asia for corporate, education and consumer customers. Growth drivers include demand for office refurbishment, a diversified furniture-and-paper product mix and measured overseas expansion that may benefit investors seeking steady exposure to branded office suppliers.
Key risks include sensitivity to corporate capital spending and office occupancy, strong competition from domestic and global suppliers, execution risk in international growth and exposure to currency and commodity cost swings.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 31215.00M | 34130.00M | 27793.00M | 23171.00M | 21800.00M |
| Minority interest | -239.00M | -142.00M | -206.00M | -184.00M | -103.00M |
| Net income | 21473.00M | 21787.00M | 19069.00M | 18237.00M | 13703.00M |
| Gross profit | 144469.00M | 133424.00M | 127392.00M | 116671.00M | 115707.00M |
| Reconciled depreciation | 8638.00M | 8960.00M | 8571.00M | 7102.00M | 6925.00M |
| Operating income | 26247.00M | 22532.00M | 23831.00M | 19128.00M | 20004.00M |
| Interest expense | 155.00M | 219.00M | 194.00M | 183.00M | 174.00M |
| Tax provision | 9502.00M | 12200.00M | 8517.00M | 4750.00M | 7993.00M |
| Interest income | 413.00M | 302.00M | 159.00M | 131.00M | 105.00M |
| Net interest income | 258.00M | 83.00M | -35.00M | -52.00M | -69.00M |
| Total revenue | 359876.00M | 338837.00M | 328753.00M | 300929.00M | 320170.00M |
| Total operating expenses | 333629.00M | 316305.00M | 304921.00M | 281801.00M | 300165.00M |
| Cost of revenue | 215407.00M | 205413.00M | 201360.00M | 184258.00M | 204462.00M |
| Net income from continuing ops | 21713.00M | 21930.00M | 19276.00M | 18421.00M | 13807.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 355048.00M | 362959.00M | 358412.00M | 337538.00M | 324576.00M |
| Intangible assets | 14709.00M | 12490.00M | 11198.00M | 11189.00M | 7174.00M |
| Other current assets | 6682.00M | 6305.00M | 6270.00M | 7536.00M | 4703.00M |
| Total liab | 99593.00M | 98899.00M | 104987.00M | 97922.00M | 94471.00M |
| Total stockholder equity | 251677.00M | 264060.00M | 253425.00M | 239616.00M | 230105.00M |
| Other current liab | 22498.00M | 19962.00M | 19359.00M | 19080.00M | 14028.00M |
| Capital stock | 15847.00M | 15847.00M | 15847.00M | 15847.00M | 15847.00M |
| Retained earnings | 211871.00M | 216230.00M | 210677.00M | 207772.00M | 195747.00M |
| Good will | 373.00M | 471.00M | 5416.00M | 5316.00M | 86.00M |
| Cash | 80787.00M | 102238.00M | 85533.00M | 68467.00M | 70688.00M |
| Total current liabilities | 89112.00M | 87742.00M | 91281.00M | 79494.00M | 77487.00M |
| Short long term debt | 3454.00M | 4075.00M | 9238.00M | 4467.00M | 4201.00M |
| Total current assets | 242888.00M | 252884.00M | 230157.00M | 215001.00M | 203154.00M |
| Short term investments | 29959.00M | 30106.00M | 30086.00M | 29996.00M | 30604.00M |
| Net receivables | 82116.00M | 75383.00M | 68551.00M | 68997.00M | 63913.00M |
| Long term debt | 16.00M | 101.00M | 0.00M | 5000.00M | 5119.00M |
| Inventory | 43344.00M | 38852.00M | 39717.00M | 40005.00M | 33246.00M |
| Accounts payable | 58334.00M | 54357.00M | 55157.00M | 53971.00M | 52475.00M |
| Non currrent assets other | 4827.00M | 4527.00M | 4354.00M | 4216.00M | 3993.00M |
| Non current assets total | 112156.00M | 110071.00M | 128249.00M | 122531.00M | 121418.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 5686.00M | 15045.00M | 4037.00M | -3320.00M | 2563.00M |
| Net borrowings | -806.00M | -5976.00M | -298.00M | -1554.00M | -3714.00M |
| Net income | 21473.00M | 21787.00M | 19069.00M | 15189.00M | 13703.00M |
| Change in cash | -21474.00M | 14269.00M | 16810.00M | -2223.00M | 9997.00M |
| Begin period cash flow | 132080.00M | 115161.00M | 98351.00M | 100575.00M | 90577.00M |
| End period cash flow | 110606.00M | 132080.00M | 115161.00M | 98351.00M | 100575.00M |
| Total cash from operating activities | 14369.00M | 16377.00M | 34739.00M | 9577.00M | 21789.00M |
| Issuance of capital stock | 0.00M | 1685.00M | - | 1042.00M | - |
| Depreciation | 8638.00M | 8960.00M | 8571.00M | 7102.00M | 6925.00M |
| Dividends paid | 9547.00M | 8195.00M | 7078.00M | 6181.00M | 4820.00M |
| Change to inventory | -2219.00M | 2707.00M | 931.00M | -5690.00M | -1280.00M |
| Sale purchase of stock | -20002.00M | -1649.00M | -5043.00M | -1048.00M | -4998.00M |
| Capital expenditures | 11270.00M | 7780.00M | 6349.00M | 5647.00M | 6038.00M |
| Change in working capital | -6628.00M | -4627.00M | 1987.00M | -7239.00M | -1737.00M |
| Other non cash items | -904.00M | -2801.00M | -78.00M | -1525.00M | -2822.00M |
| Free cash flow | 3099.00M | 8597.00M | 28390.00M | 3930.00M | 15751.00M |
Sector: Industrials Industry: Business Equipment & Supplies
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| KUKYF Kokuyo Co., Ltd. |
- -% |
5.59 | 19.96 | - | 0.01 | 1.14 | 0.57 | 4.86 |
| RICOY Ricoh Company Ltd |
-0.10 0.88% |
11.23 | 16.72 | 9.37 | 0.00 | 0.79 | 0.42 | 10.64 |
| RICOF Ricoh Company Ltd |
- -% |
9.54 | 15.07 | 9.17 | 0.00 | 0.71 | 0.43 | 10.87 |
| KNCAY Konica Minolta Inc |
- -% |
8.20 | 9.64 | 12.33 | 0.00 | 0.56 | 0.54 | 5.15 |
| POGHF Pilot Corporation |
- -% |
13.28 | 13.17 | - | 0.01 | 1.32 | 0.01 | 0.03 |
Kokuyo Co., Ltd., together with its subsidiaries, manufactures, purchases, and sells office furniture products in Japan and internationally. The company operates in four segments: Furniture Business, Business Supply Distribution Business, Stationery Business, and Interior Retail Business. It offers office and public furniture, office supplies, stationery, and rear and household goods. The company also engages in wholesale, delivery, and assembly of interior and furniture; notebooks, writing instruments, and art supplies, with the Campus brand; procures and sells interior and lifestyle goods, operating instores and e-commerce stores; work style consulting; proposal and support system for stationery and office supplies; development and sale of creative picture book series and tools for creativity; and document digitization services, as well as spatial design and construction for offices, medical and educational institutions, public offices, and agencies. In addition, it is involved in the transportation and storage of products; sale of paper products; provision of outsourcing services for general affairs and other administrative tasks; furniture and building materials installation; procurement and leasing of office equipment; mail order sales of office supplies; and non-life insurance agency business. The company was formerly known as Kuroda Kokkodo Co., Ltd. and changed its name to Kokuyo Co., Ltd. in January 1961. Kokuyo Co., Ltd. was founded in 1905 and is headquartered in Kita, Japan.
| Name | Title | Year Born |
|---|---|---|
| Mr. Hidekuni Kuroda | President, CEO, Representative Corporate Officer & Director | 1976 |
| Hitoshi Honda | Senior VP, Managing Officer & Head of Finance and Accounting | NA |
| Yasunari Koshikawa | Managing Officer, Senior VP, Head of Human Resources & Culture Division | NA |
| Naotaka Umeda | Managing Officer, Senior VP & Head of Audit Committee Office | NA |
| Masahiro Fukui | Managing Officer & Senior VP, Head of the CSV Division | NA |
| Mr. Toshio Naito | Executive Officer, Head of Corporate Planning Division, CSO & Director | 1961 |
| Kosuke Ono | Managing Officer & Deputy GM of Workplace Business Dvision | NA |
| Koji Morita | Managing Officer & Deputy SVP of Global Workplace Business Division and CSV Division | NA |
| Noritomo Miyazawa | Managing Officer & GM of Business Supply Division | NA |
| Mr. Masaharu Inoue | Managing Officer & Deputy GM of Global Stationery Business Division | 1968 |
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