Oji Holdings Corp. (JP:3861)
:3861
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Oji Holdings
(3861)
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Rating:62Neutral
Price Target:
¥923.00
▲(15.68% Upside)
Action:ReiteratedDate:10/30/25
The overall stock score of 62 reflects moderate financial performance with consistent revenue growth but challenges in profitability and cash flow. Technical analysis indicates mixed momentum, while valuation suggests the stock may be overvalued. The absence of earnings call and corporate events data limits further insights.
Positive Factors
Integrated paper & packaging value chain
Oji's vertical integration across pulp, paper, converting and logistics creates durable competitive advantages: it captures more value across the chain, smooths margin volatility from single-product exposure, and supports long-term customer partnerships in packaging markets.
Negative Factors
Falling return on equity
ROE's sharp decline signals weakening effectiveness in converting shareholder capital into profits. If sustained, this trend can reduce investor returns, limit reinvestment capacity, and reflect operational or mix pressures that impair long-term profitability recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated paper & packaging value chain
Oji's vertical integration across pulp, paper, converting and logistics creates durable competitive advantages: it captures more value across the chain, smooths margin volatility from single-product exposure, and supports long-term customer partnerships in packaging markets.
Read all positive factors
Oji Holdings (3861) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥862.98B
Dividend Yield3.51%
Average Volume (3M)4.22M
Price to Earnings (P/E)9.6
Beta (1Y)0.61
Revenue Growth3.91%
EPS Growth-22.16%
CountryJP
Employees38,322
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)21.96
Shares Outstanding1,014,381,840
10 Day Avg. Volume5,020,360
30 Day Avg. Volume4,220,993
Financial Highlights & Ratios
PEG Ratio-1.71
Price to Book (P/B)0.56
Price to Sales (P/S)0.33
P/FCF Ratio-12.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)52.34
Revenue Forecast (FY)¥1.86T
Oji Holdings Business Overview & Revenue Model
Company Description
Oji Holdings Corporation (3861) is a leading Japanese company primarily engaged in the production and sale of paper products and packaging solutions. With a diverse portfolio that spans various sectors, including paper manufacturing, pulp producti...
How the Company Makes Money
Oji Holdings makes money mainly by selling products and services produced by its consolidated subsidiaries across the paper and packaging supply chain. Key revenue streams include: (1) Paper and paperboard sales: revenue from manufacturing and sel...
Oji Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
65
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.87T | 1.85T | 1.70T | 1.71T | 1.47T | 1.36T |
| Gross Profit | 340.97B | 338.85B | 317.90B | 333.92B | 338.33B | 321.09B |
| EBITDA | 153.95B | 161.94B | 154.38B | 158.91B | 186.81B | 148.65B |
| Net Income | 23.35B | 46.17B | 50.81B | 56.48B | 87.51B | 49.64B |
Balance Sheet | ||||||
| Total Assets | 2.59T | 2.64T | 2.44T | 2.30T | 2.05T | 1.98T |
| Cash, Cash Equivalents and Short-Term Investments | 69.10B | 65.86B | 62.86B | 57.07B | 55.82B | 136.25B |
| Total Debt | 948.67B | 927.66B | 759.52B | 809.95B | 670.90B | 666.17B |
| Total Liabilities | 1.53T | 1.50T | 1.35T | 1.33T | 1.18T | 1.12T |
| Stockholders Equity | 1.04T | 1.10T | 1.07T | 937.08B | 851.39B | 751.18B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -49.51B | 87.88B | -75.85B | 44.93B | 32.43B |
| Operating Cash Flow | 0.00 | 94.42B | 202.90B | 18.26B | 143.59B | 127.11B |
| Investing Cash Flow | 0.00 | -154.91B | -118.00B | -123.27B | -92.57B | -91.56B |
| Financing Cash Flow | 0.00 | 60.97B | -84.90B | 101.79B | -136.00B | 19.93B |
Oji Holdings Technical Analysis
Negative
797.90
Price Trends
929.90
Negative
882.66
Negative
822.45
Positive
Market Momentum
-20.78
Positive
37.33
Neutral
26.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3861, the sentiment is Negative. The current price of 797.9 is below the 20-day moving average (MA) of 905.03, below the 50-day MA of 929.90, and below the 200-day MA of 822.45, indicating a neutral trend. The MACD of -20.78 indicates Positive momentum. The RSI at 37.33 is Neutral, neither overbought nor oversold. The STOCH value of 26.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3861.
Oji Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥141.46B | 9.24 | 3.97% | 2.71% | -0.03% | 120.35% | |
62 Neutral | ¥862.98B | 9.64 | 2.55% | 3.51% | 3.91% | -22.16% | |
62 Neutral | ¥147.07B | 4.80 | 3.57% | 1.31% | 1.64% | -10.74% | |
62 Neutral | ¥120.52B | 6.41 | ― | 3.19% | 4.06% | -73.92% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ¥36.45B | -9.37 | -0.13% | 2.31% | -10.04% | 43.13% | |
59 Neutral | ¥173.01B | 8.74 | 1.66% | 1.53% | -2.89% | -15.89% |
* Basic Materials Sector Average
JP:3861
Oji Holdings
871.20
257.51
41.96%
JP:3864
Mitsubishi Paper Mills
820.00
167.00
25.57%
JP:3863
Nippon Paper
1,273.00
268.97
26.79%
JP:3865
Hokuetsu Corporation
894.00
-312.56
-25.91%
JP:3880
Daio Paper Corporation
1,042.00
225.22
27.57%
JP:8032
Japan Pulp and Paper Co. Ltd.
1,049.00
457.56
77.36%
Oji Holdings Corporate Events
Oji Holdings Advances Large-Scale Share Buyback Program in February 2026
Mar 3, 2026
Oji Holdings Corporation has continued its share repurchase program, buying back 6,114,400 shares of its common stock on the Tokyo Stock Exchange in February 2026 at a total cost of approximately JPY 5.87 billion. These purchases were executed via...
Oji Holdings Reshapes Top Management With Board-Level Change
Feb 27, 2026
Oji Holdings has announced a change in its top management structure, with the Board of Directors resolving to alter the role of one of its senior leaders. The move reflects an internal reorganization of governance and leadership responsibilities.E...
Oji Holdings Posts Sharp Profit Decline but Keeps Full-Year Forecast and Dividend Plan
Feb 6, 2026
Oji Holdings reported marginally higher consolidated net sales of ¥1,392.9 billion for the first nine months of the fiscal year ending March 31, 2026, but profitability deteriorated sharply, with operating profit down 53.2%, ordinary profit d...
Oji Holdings Accelerates Share Buyback Under ¥50 Billion Authorization
Feb 2, 2026
Oji Holdings has continued its ongoing share repurchase program authorized by its board in December 2025, buying back 7,979,600 shares of common stock on the Tokyo Stock Exchange between January 1 and January 31, 2026, for a total of approximately...
Oji Holdings Reports Initial Progress on ¥50 Billion Share Buyback Program
Jan 6, 2026
Oji Holdings has disclosed the status of its latest share buyback, executed under a board resolution that authorizes a large-scale repurchase of its common stock. Between December 17 and 31, 2025, the company repurchased 6,210,600 shares of its co...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.