Hulic proposes JPY 24.8 billion Riso offer: Hulic stock trades at 10.60 times earnings

Published on 10/20/2026 at 20:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hulic's second-quarter revenue rose 32.00 percent to JPY 189.8 billion. Hulic stock costs EUR 9.85 on October 20, 2026 at 8:13 p.m. CEST after the Xetra close, while Tokyo closed at JPY 1,745.00.

Offer and valuation points

Hulic proposed a JPY 24.8 billion Riso Kyoiku tender offer on October 9, 2026.
Second-quarter 2026 revenue reached JPY 189.8 billion, up 32.00 percent year over year.
Hulic stock costs EUR 9.85 at Lang & Schwarz on October 20, 2026 at 8:13 p.m. CEST.
The next dividend ex-date is December 29, 2026.

Hulic, JP3360800001, Illustration mit AI erstellt.

Hulic (ISIN JP3360800001) proposed a JPY 24.8 billion offer for the remaining stake in Riso Kyoiku Group on October 9, 2026, according to Simply Wall St. Hulic stock was trading at EUR 9.85 at Lang & Schwarz on October 20, 2026 at 8:13 p.m. CEST after the Xetra close.

Riso deal adds a capital decision

The proposed transaction would give Hulic full ownership of Riso Kyoiku Group if completed. The offer values the cash consideration at JPY 24.76 billion and JPY 295.00 per share, with the tender period running from October 14, 2026 through November 26, 2026, according to Simply Wall St. The size of the commitment matters because Hulic is combining property development with education-related assets.

Second-quarter growth came with pressure

Hulic generated JPY 189.8 billion of revenue in the second quarter of 2026, up 32.00 percent from JPY 143.4 billion in the second quarter of 2025. Net income increased 15.00 percent to JPY 31.8 billion, while profit margin declined to 17.00 percent from 19.00 percent, according to Simply Wall St. Earnings per share rose to JPY 41.93 from JPY 36.50, even as revenue missed the cited analyst estimate by 2.40 percent.

Valuation and upcoming dates

Hulic's price-to-earnings ratio stood at 10.60 on the latest Simply Wall St update, below the Japanese market multiple of 13.90. A separate Yahoo Finance analysis dated October 15, 2026 placed the multiple at 10.70, compared with 9.60 for the real estate sector and 18.10 for its broader peer group. On the Tokyo Stock Exchange, Hulic closed at JPY 1,745.00 on October 20, 2026 at 3:30 p.m. JST. The next dividend ex-date is December 29, 2026, with a JPY 33.50 first-half dividend, according to Simply Wall St.

Stock position for investors

The figures leave two separate issues for investors to weigh: stronger second-quarter earnings and the funding demands of a larger operating platform. The Riso proposal adds a defined capital commitment, while the 17.00 percent margin shows that revenue growth did not pass fully through to profitability in the latest reported quarter.

Hulic was trading at EUR 9.85 at Lang & Schwarz on October 20, 2026 at 8:13 p.m. CEST. The Tokyo Stock Exchange price was JPY 1,745.00 on October 20, 2026 at 3:30 p.m. JST.