Pulp & Paper · Fiscal year end Dec 31

FURUBAYASHI SHIKO CO.,LTD.

3944

古林紙工株式会社

FIGI BBG000BK1Y973944.T3944 JPCorp. no. 6120001088901

Latest half-year results

First half · fiscal year to 2026-12 · filed 2026-08-07

For the first half of the fiscal year to 2026-12: Revenue ¥9.2 billion (+6.5% YoY), Ordinary income ¥0.3 billion (-7.0% YoY), Net income ¥0.2 billion (-11.1% YoY).

	This period	Year on year
Revenue	¥9.2bn	+6.5%
Ordinary profit	¥305m	-7.0%
Net profit to owners	¥200m	-11.1%

From the securities report on EDINET, which states no forecast. History via /v1/companies/3944/earnings-releases.

Financials

Japan GAAP · consolidated · fiscal year to 2025-12-31

Revenue: ¥17.9bn
Net income: ¥315m
ROE: 3.3%
Equity ratio: 49.1%
Dividend / share: ¥50
Employees: 527

Revenue · ¥bn

Net income · ¥m

Fiscal year	Revenue	Net income	Total assets	Net assets	ROE	EPS	Operating CF
2025-12-31	¥17.9bn	¥0.3bn	¥20.4bn	¥10.8bn	3.3%	¥285.05	¥1.1bn
2024-12-31	¥18.1bn	¥0.2bn	¥20.7bn	¥10.2bn	2.8%	¥222.81	¥0.4bn
2023-12-31	¥17.9bn	¥0.4bn	¥19.0bn	¥9.4bn	5.3%	¥396.95	¥0.7bn
2022-12-31	¥17.1bn	¥0.3bn	¥17.0bn	¥8.6bn	4.2%	¥299.69	¥1.5bn
2021-12-31	¥16.1bn	¥0.1bn	¥17.0bn	¥8.4bn	1.7%	¥123.25	¥0.3bn

Indicators

Computed by us from filings · fiscal year to 2025-12-31

Metric	Value	Percentile among listed companies
ROE, %	3.3	16
Ordinary margin	0.0264	21.4
Equity ratio, %	49.1	40.1
Revenue growth	-0.0131	20.3
Net income growth	0.2701	62.4
Operating cash flow / assets	0.052	41.8

Policy-uncertainty measure0.00 Share of the report's text discussing policy-related uncertainty, by policy area. Proprietary text method.

Ownership activity 1 filer(s) stated they may make proposals in 365 days; 1 new 5% holder(s) in 180 days; net stake change +0.95pt in 90 days; 6.3% held by other listed companies.

Results wording balance: -0.20. Proprietary text method; it describes the wording only and does not interpret context.

Interest example: if all ¥3.1bn of reported debt repriced by 50 basis points, a year's interest would rise by ¥15m, 1.4% of operating cash flow. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.

Via /v1/companies/3944/indicators. Descriptive figures, not a rating and not investment advice.

From other filings

As the company states them

Internal control, 2026-03-19: see filing 上記の評価の結果、当事業年度末日時点において、当社の財務報告に係る内部統制は有効であると判断しました。 Filing

Segments, votes and tender offers

Stated in EDINET filings

Segments: Japan, China. /v1/companies/3944/segments

Latest voting result: 2026-03-27 · 剰余金処分の件 · passed. /v1/companies/3944/voting

Ownership changes

All companies →

2026-09-03

Amendment+5.12pt

individual filer filed a correction to a 5% report on FURUBAYASHI SHIKO CO.,LTD. (3944).

S100YZPWOriginal filing (PDF, Japanese)
2026-08-31

Amendment+5.12pt

individual filer filed a correction to a 5% report on FURUBAYASHI SHIKO CO.,LTD. (3944).

S100YZH4Original filing (PDF, Japanese)
2026-08-28

Stated it may make proposals+5.12pt

individual filer states it may make proposals to the management of FURUBAYASHI SHIKO CO.,LTD. (3944) (first filing).

S100YYPAOriginal filing (PDF, Japanese)
2026-08-28

New 5% stake+5.12pt

individual filer disclosed a 5.12% stake in FURUBAYASHI SHIKO CO.,LTD. (3944), crossing the 5% reporting threshold.

S100YYPAOriginal filing (PDF, Japanese)
2026-08-18

Amendment+1.08pt

Adachi Medical Rental Lease Co., Ltd. filed a correction to a 5% report on FURUBAYASHI SHIKO CO.,LTD. (3944).

S100YXFNFiler profile Original filing (PDF, Japanese)
2026-08-10

Increase+0.95pt

Adachi Medical Rental Lease Co., Ltd. raised holdings in FURUBAYASHI SHIKO CO.,LTD. (3944) to 7.06% from 6.11%.

S100YVNAFiler profile Original filing (PDF, Japanese)
2026-02-24

Amendment+1.06pt

Adachi Medical Rental Lease Co., Ltd. filed a correction to a 5% report on FURUBAYASHI SHIKO CO.,LTD. (3944).

S100XMSJFiler profile Original filing (PDF, Japanese)
2026-02-09

Increase+1.06pt

Adachi Medical Rental Lease Co., Ltd. raised holdings in FURUBAYASHI SHIKO CO.,LTD. (3944) to 6.11% from 5.05%.

S100XJVPFiler profile Original filing (PDF, Japanese)
2025-04-21

Amendment0.00pt

Adachi Medical Rental Lease CO., LTD. filed a correction to a 5% report on FURUBAYASHI SHIKO CO.,LTD. (3944).

S100VND0Filer profile Original filing (PDF, Japanese)
2025-04-03

New 5% stake

Adachi Medical Rental Lease CO., LTD. disclosed a 5.05% stake in FURUBAYASHI SHIKO CO.,LTD. (3944), crossing the 5% reporting threshold.

S100VK2TFiler profile Original filing (PDF, Japanese)

Trades by 5% holders

From the 60-day trade tables in 5% reports

Bought SoldHover a dot for the trade

Holder	Period	Net shares	Net % of shares	Avg. filed price	Range
individual filer	2026-07-08 – 2026-08-20	+26,300	+1.51pt	—	—
株式会社アダチメディカルレンタルリース	2025-04-01 – 2026-08-04	+33,700	+1.93pt	¥2,105.97	¥2,100–2,119
individual filer	2026-06-19 – 2026-07-22	+1,900	+0.10pt	—	—
光通信株式会社	2023-06-27 – 2023-08-23	-5,100	−0.32pt	—	—

Net shares and the average are our calculations. Prices are filed prices as stated by the filer, mostly for off-market trades; they are not market prices. Stock lending, custody transfers and option exercises are excluded from net shares. Every row via /v1/companies/3944/trades.

5% filings

Large shareholding reports on 3944

Filed	Filer	Stake	Change	Stated purpose
2026-09-03	individual filer	5.12%	+5.12pt	may make proposals pure investment
2026-08-31	individual filer	5.12%	+5.12pt	may make proposals pure investment
2026-08-28	individual filer	5.12%	+5.12pt	may make proposals pure investment
2026-08-18	Adachi Medical Rental Lease Co., Ltd.	7.19%	+1.08pt	pure investment
2026-08-10	Adachi Medical Rental Lease Co., Ltd.	7.06%	+0.95pt	pure investment
2026-02-24	Adachi Medical Rental Lease Co., Ltd.	6.11%	+1.06pt	pure investment
2026-02-09	Adachi Medical Rental Lease Co., Ltd.	6.11%	+1.06pt	pure investment
2025-04-21	Adachi Medical Rental Lease CO., LTD.	5.05%	—	pure investment
2025-04-03	Adachi Medical Rental Lease CO., LTD.	5.05%	—	pure investment
2023-08-30	Hikari Tsushin K.K.	4.36%	−0.64pt	pure investment

Cross-shareholdings

From the annual report's status of shareholdings

Listed strategic holdings: 20 issues
Book value: ¥5.0bn
Sold in the year: — — issues
Bought in the year: ¥3m 3 issues
Mutual, both reports: 4
Held by listed cos.: 8

Holds	Book value	Shares vs. prior year	Mutual
Kao Corporation 4452	¥3,074m	0.0%	no
Meiji Holdings Co., Ltd. 2269	¥553m	0.0%	no
Mizuho Financial Group, Inc. 8411	¥523m	0.0%	no
Mitsubishi UFJ Financial Group, Inc. 8306	¥381m	0.0%	no
Kao Corporation 4452	¥225m	0.0%	no
SUMITOMO CORPORATION 8053	¥146m	0.0%	no
EZAKI GLICO CO.,LTD. 2206	¥86m	+1.9%	no
HISAKA WORKS,LTD. 6247	¥77m	0.0%	both reports
Showa Chemical Industry Co.,Ltd. 4990	¥35m	0.0%	both reports
Resona Holdings, Inc. 8308	¥34m	0.0%	no

Held by: Rengo Co., Ltd. 3941, HISAKA WORKS,LTD. 6247, artience Co., Ltd. 4634, Showa Chemical Industry Co.,Ltd. 4990, Marusan Securities Co.,Ltd. 8613, SANKYOKASEI CORPORATION 8138, SAKATA INX CORPORATION 4633, KOMORI CORPORATION 6349

Purposes, all holdings and mutual flags via /v1/companies/3944/cross-holdings. Share changes include stock splits.

Major shareholders

As of fiscal year end 2025-12-31

Shareholder	Shares	Ratio
株式会社アダチメディカルレンタルリース	90,000	8.09%
individual holder	79,000	7.13%
明治安田生命保険相互会社	60,000	5.41%
individual holder	53,000	4.75%
レンゴー株式会社	42,000	3.79%
individual holder	38,000	3.43%
individual holder	30,000	2.74%
individual holder	25,000	2.26%
individual holder	25,000	2.22%
古林紙工社員持株会	23,000	2.05%

Get this as JSON

GET /v1/companies/3944
GET /v1/companies/3944/financials
GET /v1/companies/3944/details
GET /v1/companies/3944/segments
GET /v1/companies/3944/voting
GET /v1/companies/3944/tender-offers
GET /v1/companies/3944/indicators
GET /v1/companies/3944/earnings-releases
GET /v1/events?ticker=3944
GET /v1/companies/3944/trades         
GET /v1/companies/3944/cross-holdings 
GET /v1/companies/3944/brief

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