Hokushin Co (TSE:7897) Debt-to-Equity: 0.78 (As of Mar. 2026) — 12% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:7897 Hokushin Co Ltd TSE:7897
52 GF Score
Price 円106.00
GF Value 円104.42
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Hokushin Co Debt-to-Equity?

Hokushin Co TSE:7897 +0.95% 52 Debt-to-Equity is 0.78 as of Mar. 2026, which is 12% below its 10-year median of 0.89. GuruFocus rates TSE:7897 with a GF Score™ of 52/100 and a GF Value™ of 円104.42 (Fairly Valued). The stock has 7 warning signs investors should review. Among 257 Forest Products companies, Hokushin Co ranks worse than 67.7% on this metric.

Hokushin Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円2,637 Mil. Hokushin Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円1,935 Mil. Hokushin Co's Total Stockholders Equity for the quarter that ended in Mar. 2026 was 円5,891 Mil. Hokushin Co's debt to equity for the quarter that ended in Mar. 2026 was 0.78.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Hokushin Co's Debt-to-Equity or its related term are showing as below:

TSE:7897' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.78   Med: 0.89   Max: 0.99
Current: 0.75

During the past 13 years, the highest Debt-to-Equity Ratio of Hokushin Co was 0.99. The lowest was 0.78. And the median was 0.89.

TSE:7897's Debt-to-Equity is ranked worse than
67.7% of 257 companies
in the Forest Products industry
Industry Median: 0.49 vs TSE:7897: 0.75

Hokushin Co  (TSE:7897) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Hokushin Co Debt-to-Equity Related Terms


Hokushin Co Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Hokushin Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hokushin Co Debt-to-Equity Chart

Hokushin Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.92 0.88 0.85 0.86 0.78

Hokushin Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 0.87 0.88 0.78 0.75

TSE:7897 vs SSD, UFPI, BCC: Debt-to-Equity Comparison

For the Lumber & Wood Production subindustry, Hokushin Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hokushin Co Debt-to-Equity vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Hokushin Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Hokushin Co's Debt-to-Equity falls into.


TSE:7897
52GF Score
Hokushin Co Ltd TSE:7897
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hokushin Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hokushin Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Hokushin Co's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.78 mean?
Hokushin Co (TSE:7897) has a Debt-to-Equity of 0.78 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Hokushin Co and its competitors. This is 12% below median its historical median of 0.89. Over the past decade, Hokushin Co's Debt-to-Equity has ranged from 0.78 to 0.99. According to the industry distribution chart, Hokushin Co ranks #174 out of 257 companies in the Forest Products industry, placing it in the top 67.7%.
Is Hokushin Co's Debt-to-Equity too high?
Hokushin Co's current Debt-to-Equity of 0.78 is 12% below median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 0.99. The Forest Products industry median Debt-to-Equity is 0.49. Hokushin Co's value of 0.78 is 59.2% above this industry median. Based on the distribution chart, Hokushin Co ranks #174 out of 257 companies in the Forest Products industry, which is below the industry midpoint. Overall, Hokushin Co has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hokushin Co's Debt-to-Equity compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Hokushin Co ranks #174 out of 257 companies for Debt-to-Equity. This places Hokushin Co in the lower half of its industry. The industry median Debt-to-Equity is 0.49. Hokushin Co's value of 0.78 is 59.2% above this benchmark. Historically, Hokushin Co's own Debt-to-Equity has ranged from 0.78 to 0.99 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 0.49, Hokushin Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Forest Products company?
The median Debt-to-Equity among Forest Products companies is 0.49, based on 257 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hokushin Co's current Debt-to-Equity of 0.78 is 59.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Hokushin Co and its competitors. For the Forest Products industry, the median Debt-to-Equity is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokushin Co's current Debt-to-Equity is 0.78, which is 12% below median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokushin Co stock overvalued right now?
Based on GuruFocus' analysis, Hokushin Co (TSE:7897) is currently considered Fairly Valued. The stock's GF Value™ is 円104.42, compared to a current price of 円106.00 — trading 1.5% above its estimated fair value. The current Debt-to-Equity is 0.78, which is 12% below median its 10-year median of 0.89 and 59.2% above the Forest Products industry median of 0.49. Hokushin Co's overall GF Score™ is 52/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Hokushin Co (TSE:7897), the current Debt-to-Equity is 0.78 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hokushin Co (TSE:7897) Overvalued in 2026?

Based on GuruFocus' analysis, Hokushin Co stock appears to be overvalued. The current stock price of 円106.00 is trading 1.5% above its estimated GF Value™ of 円104.42. GuruFocus considers Hokushin Co to be Fairly Valued.

Key valuation signals for TSE:7897:

  • Debt-to-Equity: 0.78 (12% below median its 10-year median of 0.89)
  • GF Value™: 円104.42 vs. price of 円106.00 (1.5% above fair value)
  • GF Score™: 52/100 with 7 warning signs
  • Industry Position: 59.2% above the Forest Products median (#174 of 257)

No single metric tells the full story. See the TSE:7897 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hokushin Co Business Description

Address 7-5-8 Asakusa, Hayashi Building 1st Floor, Taito-ku, Tokyo, JPN, +81 368211899
Hokushin Co Ltd is engaged in the manufacturing and sale of wood products. It offers medium-density fiberboard products under the brand Starwood.
52GF Score

Get the complete analysis for TSE:7897

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円106.00
Price
円104.42
GF Value