Chuetsu Pulp & Paper Profit Slumps in 3Q, Keeps Forecast and Hikes Dividend

An update from Chuetsu Pulp & Paper Co., Ltd. ( (JP:3877) ) is now available.

Chuetsu Pulp & Paper reported nine-month consolidated results to December 31, 2025, showing net sales down 2.5% year on year to ¥81.1 billion and a sharp deterioration in profitability, with operating profit falling 61.7% to ¥1.3 billion and profit attributable to owners of parent dropping 56.5% to ¥1.1 billion. Despite the earnings slump, total assets edged up and the equity ratio improved to 47.8%, while the company maintained its full-year forecast of ¥110 billion in net sales and plans to raise annual dividends from ¥70 to ¥90 per share, signaling confidence in its balance sheet and shareholder-return policy.

For the full fiscal year ending March 31, 2026, Chuetsu is forecasting flat revenue and lower operating and ordinary profits versus the prior year, but a 53.3% increase in profit attributable to owners of parent to ¥2.7 billion, implying expectations of a profit recovery in the fourth quarter. The unchanged outlook and higher dividend guidance suggest management is prioritizing stable returns to shareholders even as near-term margins remain under pressure, a stance that may reassure investors focused on income but highlights ongoing operational challenges in a tough paper market.

The most recent analyst rating on (JP:3877) stock is a Hold with a Yen2129.00 price target. To see the full list of analyst forecasts on Chuetsu Pulp & Paper Co., Ltd. stock, see the JP:3877 Stock Forecast page.

More about Chuetsu Pulp & Paper Co., Ltd.

Chuetsu Pulp & Paper Co., Ltd. is a Japan-based manufacturer in the pulp and paper industry, listed on the Tokyo Stock Exchange. The company produces paper and related products for a range of commercial and industrial uses, and its performance is closely tied to trends in paper demand, input costs, and domestic economic conditions.

Average Trading Volume: 52,501

Technical Sentiment Signal: Buy

Current Market Cap: Yen26.9B

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