Forval Corporation operates within the Office equipment sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Forval with three other
companies in this sector in JAPAN :
Musashi Co., Ltd.
(2021
sales of 30.26 billion Japanese Yen [US$265.09 million]
of which 60%
was Information, Printing and Industrial Sys),
Startia Holdings Inc
(13.32 billion Japanese Yen [US$116.72 million]
of which 80%
was IT Infrastructure-related Business), and
No.1 Co Ltd
(11.84 billion Japanese Yen [US$103.71 million]
of which 100%
was Office consultation business).
Sales Analysis.
During the first
fiscal
quarter of 2022, sales at Forval totalled
¥11.32 billion.
This is
an increase of 3.0%
from the ¥11.00 billion in sales at the company during the first quarter of 2021.
There appears to be at least some degree of seasonality in the sales at Forval: during 8 of the previous 9
fiscal
years, sales were highest during the fourth quarter.
The exception to this was during 2020, when the
second quarter was the best quarter, accounting for
26% of sales (during that same year, the
fourth quarter accounted for 26% of sales).
During the year ended March of 2021, sales at
Forval were ¥49.79 billion (US$436.15 million).
This
is
a very small
increase of 0.1%
versus 2020, when the company's sales were ¥49.73 billion.
Despite this increase, sales are still
well
below the level achieved in 2019, when Forval
reported sales of ¥57.52 billion.
The sales level in 2021 was fairly close to the level five years ago: in 2016, Forval had sales
of ¥50.41 billion.
Sales of Other saw an increase
that was more than double the company's growth rate: sales were up
17.3% in 2021, from
¥1.29 billion to ¥1.52 billion.
Forval also saw significant increases in sales in
Four Baru Business Group (up 3.2% to ¥22.95 billion)
and
Four Baru Telecom Business Group (up 2.6% to ¥21.27 billion)
.
Not all segments of Forval experienced an increase in sales in 2021:
sales of Comprehen. Environment.Consult. Bus. Gro fell 25.9% to ¥4.05 billion.