Forval Telecom (9445.T) Stock Price

Forval Telecom Price

CLOSED
534.00JPY-4.00 (-0.75 %)
Market closed

Over the last 19 years Forval Telecom grew revenue by 4.6% annually, reaching 25.68 B JPY. Earnings per share have declined at 0.4% per year over the last 19 years. For Forval Telecom, the net margin of 2.9% is broadly stable versus 2.1% a few years ago. At today's price the dividend yield works out to roughly 4.12%. The payout ratio is around 50% of earnings. The stock trades about 5% above its 52-week low.

Forval Telecom stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Forval Telecom over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Forval Telecom stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Forval Telecom's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Forval Telecom Stock Price History
DateForval Telecom Price
7/13/2026534.00 JPY
7/10/2026538.00 JPY
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Access this data via the Eulerpool API

Forval Telecom Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2018
15.68 B JPY
699.14 M JPY
484.94 M JPY
Jan 1, 2019
18.35 B JPY
888.83 M JPY
589.75 M JPY
Jan 1, 2020
21.28 B JPY
1.00 B JPY
-960.91 M JPY
Jan 1, 2021
21.73 B JPY
846.54 M JPY
456.07 M JPY
Jan 1, 2022
21.80 B JPY
1.07 B JPY
868.03 M JPY
Jan 1, 2023
24.75 B JPY
573.61 M JPY
378.38 M JPY
Jan 1, 2024
23.12 B JPY
1.02 B JPY
750.41 M JPY
Jan 1, 2025
25.68 B JPY
1.14 B JPY
732.97 M JPY

Forval Telecom Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 14, 2026, 8:28 AM
 
REVENUEB JPY
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB JPY
NET INCOMEB JPY
NET INCOME GROWTH%
DIV.JPY
DIV. GROWTH%
SHARESM
2010201120122013201420152016201720182019202020212022202320242025
13.9613.5613.4711.9912.1512.3913.8415.0515.6818.3521.2821.7321.8024.7523.1225.68
-7.21-2.84-0.66-10.991.301.9711.768.724.2116.9915.982.110.3313.52-6.6011.11
15.5617.6817.7320.1221.5525.5629.9230.4930.3331.5331.0026.3527.2821.2124.9923.50
2.172.402.392.412.623.174.144.594.765.786.605.735.955.255.786.04
0.200.160.180.270.270.310.440.460.480.59-0.960.460.870.380.750.73
46.62-20.5114.8451.691.1111.7244.594.764.7621.69-262.99-147.5090.35-56.4598.41-2.40
1,500.001,500.001,500.00807.0015.0015.0015.0015.0015.0017.0017.0017.0017.0017.0019.0022.00
-46.20-98.1413.3311.7615.79
17.0017.0017.0017.0017.0016.6916.6916.6916.6916.6916.6916.6916.6916.7416.7616.76
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Forval Telecom generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Forval Telecom retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Forval Telecom's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Forval Telecom has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Forval Telecom's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Forval Telecom stock margins

The Forval Telecom margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Forval Telecom. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Forval Telecom.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2018
30.33 %
4.46 %
3.09 %
Jan 1, 2019
31.53 %
4.84 %
3.21 %
Jan 1, 2020
31.00 %
4.71 %
-4.52 %
Jan 1, 2021
26.35 %
3.90 %
2.10 %
Jan 1, 2022
27.28 %
4.90 %
3.98 %
Jan 1, 2023
21.21 %
2.32 %
1.53 %
Jan 1, 2024
25.00 %
4.43 %
3.25 %
Jan 1, 2025
23.50 %
4.45 %
2.85 %

Forval Telecom Stock Revenue, EBIT, Earnings per Share

The Forval Telecom earnings per share therefore indicates how much revenue Forval Telecom has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2018
939.53 JPY
41.88 JPY
29.05 JPY
Jan 1, 2019
1,099.08 JPY
53.25 JPY
35.33 JPY
Jan 1, 2020
1,274.77 JPY
60.04 JPY
-57.56 JPY
Jan 1, 2021
1,301.72 JPY
50.71 JPY
27.32 JPY
Jan 1, 2022
1,306.03 JPY
64.02 JPY
52.00 JPY
Jan 1, 2023
1,478.19 JPY
34.26 JPY
22.60 JPY
Jan 1, 2024
1,379.47 JPY
61.10 JPY
44.78 JPY
Jan 1, 2025
1,532.88 JPY
68.19 JPY
43.74 JPY

Forval Telecom business model & stock analysis

Forval Telecom Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Forval Telecom historical P/E ratio, EBIT multiple, and P/S ratio

Forval Telecom annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Forval Telecom shares outstanding

The number of shares of Forval Telecom was 16.76 M in 2025. This indicates how many shares Forval Telecom is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2018
16.69 M Stocks
Jan 1, 2019
16.69 M Stocks
Jan 1, 2020
16.69 M Stocks
Jan 1, 2021
16.69 M Stocks
Jan 1, 2022
16.69 M Stocks
Jan 1, 2023
16.74 M Stocks
Jan 1, 2024
16.76 M Stocks
Jan 1, 2025
16.76 M Stocks

Forval Telecom stock splits

In Forval Telecom's history, there have been no stock splits.

Forval Telecom Dividend History

22 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
202613.00JPYYTD
Mar 30, 202613.00JPY 30.0%1/1
202522.00JPY 15.8%
Mar 28, 202512.00JPY 50.0%1/2
Sep 29, 202510.00JPY 16.7%2/2
202419.00JPY 11.8%
202317.00JPY 0.0%
202217.00JPY 0.0%
202117.00JPY 0.0%
202017.00JPY 0.0%
201917.00JPY 13.3%
201815.00JPY 0.0%
201715.00JPY 0.0%

Forval Telecom dividend history and estimates

In 2025, Forval Telecom paid a dividend amounting to 22.00 JPY. Dividend means that Forval Telecom distributes a portion of its profits to its owners.
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Dividend
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2018
15.00 JPY
0.00 JPY
Jan 1, 2019
17.00 JPY
0.00 JPY
Jan 1, 2020
17.00 JPY
0.00 JPY
Jan 1, 2021
17.00 JPY
0.00 JPY
Jan 1, 2022
17.00 JPY
0.00 JPY
Jan 1, 2023
17.00 JPY
0.00 JPY
Jan 1, 2024
19.00 JPY
0.00 JPY
Jan 1, 2025
22.00 JPY
0.00 JPY

Forval Telecom dividend payout ratio

In 2025, Forval Telecom had a payout ratio of 50.29%. The payout ratio indicates the percentage of the company's profits that Forval Telecom distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2018
51.63 %
Jan 1, 2019
48.12 %
Jan 1, 2020
-29.53 %
Jan 1, 2021
62.22 %
Jan 1, 2022
32.69 %
Jan 1, 2023
75.22 %
Jan 1, 2024
42.43 %
Jan 1, 2025
50.29 %
Price targets and forecasts for Forval Telecom are not yet available.

Forval Telecom shareholder structure

% Name
70.14920%
Forval Corp
Forval Corp
7.50060%
Hikari Tsushin KK
Hikari Tsushin KK
0.94712%
Tanii (Tsuyoshi)
Tanii (Tsuyoshi)
0.60695%
UH Partners 2, Inc.
UH Partners 2, Inc.
0.46550%
Sekine (Yoshiki)
Sekine (Yoshiki)
0.44760%
KK Hara Ippei Shokai
KK Hara Ippei Shokai

Forval Telecom Executives and Management Board

TG

Mr. Tatsuya Gyo

(58)

President, Representative Director · since 2013

TY

Mr. Tadayuki Yamamoto

(60)

Chief Director of Business Administration, Director · since 2006

SK

Mr. Seiji Kajino

(62)

Director · since 2013

HK

Mr. Hirotake Kobayashi

(51)

Director · since 2019

NS

Mr. Naoki Sashida

(58)

Director

Forval Telecom Supply Chain

Forval Telecom Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
5 companies
#Name1M3M6M1Y2YTrend
1
-0.64
-0.87
-0.66
-0.68
0.50
#Name1M3M6M1Y2YTrend
1
0.79
0.71
0.46
0.56
-0.41
2
ARTERIA Networks
0.66
0.29
0.36
0.61
-0.35
3
Forval
Supplier
-0.35
-0.04
0.36
0.41
-0.05
4
-0.11
-0.10
0.13
0.40
0.18

Frequently asked questions about Forval Telecom

Converted at the current exchange rate, the Forval Telecom share trades at 2.89 EUR (534.00 JPY).

All fundamentals and in-depth analysis of Forval Telecom

Our stock analysis for Forval Telecom stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Forval Telecom. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.