AWA PAPER & TECHNOLOGICAL COMPANY, Inc. (JP:3896)
:3896
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AWA PAPER & TECHNOLOGICAL COMPANY, Inc.
(3896)
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Rating:42Neutral
Price Target:
¥391.00
▲(18.84% Upside)
Action:Reiterated
Date:05/16/26
The score is held down primarily by weak financial quality—rising leverage and multi-year negative free cash flow—despite improving revenue and a 2026 earnings rebound. Technicals also point to weak momentum (below key moving averages with negative MACD), while valuation is difficult to assess due to the negative P/E and no dividend yield data.
Positive Factors
Resumed Revenue Growth
The company returned to top-line growth in 2025 and again in 2026, showing renewed demand for its specialty products. Sustained revenue growth supports scale economics, gives management scope to invest in product development, and underpins medium-term profitability if maintained.
Negative Factors
Materially Higher Leverage
Debt increased sharply over a few years, moving leverage to multiple turns of equity. Higher leverage reduces financial flexibility, raises interest and refinancing risk, and limits the company’s capacity to absorb demand shocks or fund strategic investments without external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Resumed Revenue Growth
The company returned to top-line growth in 2025 and again in 2026, showing renewed demand for its specialty products. Sustained revenue growth supports scale economics, gives management scope to invest in product development, and underpins medium-term profitability if maintained.
Read all positive factors
AWA PAPER & TECHNOLOGICAL COMPANY, Inc. (3896) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥4.27B
Dividend YieldN/A
Average Volume (3M)20.86K
Price to Earnings (P/E)0.8
Beta (1Y)1.07
Revenue Growth8.00%
EPS Growth1997.59%
CountryJP
Employees640
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)-7.59
Shares Outstanding10,172,676
10 Day Avg. Volume27,680
30 Day Avg. Volume20,860
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.61
Price to Sales (P/S)0.21
P/FCF Ratio-11.78
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)N/A
Revenue Forecast (FY)N/A
AWA PAPER & TECHNOLOGICAL COMPANY, Inc. Business Overview & Revenue Model
Company Description
Awa Paper & Technological Company, Inc. manufactures and sells papers worldwide. It provides air filter media, polyolefin sheets, base papers, cabin filter media, heat radiation sheets and fins, carbon fiber reinforced plastics, ceramic sheets, an...
How the Company Makes Money
AWA PAPER & TECHNOLOGICAL COMPANY, Inc. primarily makes money by selling specialty paper products and functional material products to business customers. Revenue is generated through product sales (manufactured in-house and sold directly or via di...
AWA PAPER & TECHNOLOGICAL COMPANY, Inc. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
42
Neutral
Cash Flow
33
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.74B | 18.49B | 17.12B | 16.12B | 17.31B | 15.02B |
| Gross Profit | 2.66B | 2.52B | 2.74B | 2.57B | 2.73B | 2.61B |
| EBITDA | 1.16B | 1.33B | 1.09B | 1.15B | 1.22B | 1.04B |
| Net Income | -75.78M | 753.82M | 35.87M | 52.45M | 242.67M | 282.82M |
Balance Sheet | ||||||
| Total Assets | 26.70B | 29.00B | 27.20B | 21.25B | 16.27B | 15.53B |
| Cash, Cash Equivalents and Short-Term Investments | 842.64M | 1.85B | 988.73M | 1.11B | 539.97M | 555.89M |
| Total Debt | 14.04B | 14.07B | 12.60B | 7.75B | 4.12B | 4.41B |
| Total Liabilities | 19.65B | 20.10B | 19.62B | 14.37B | 9.81B | 9.16B |
| Stockholders Equity | 4.99B | 6.40B | 5.38B | 5.13B | 4.95B | 4.54B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -332.54M | -4.92B | -2.95B | 89.07M | 1.29B |
| Operating Cash Flow | 0.00 | 2.21B | 160.87M | 792.17M | 762.45M | 1.52B |
| Investing Cash Flow | 0.00 | -2.84B | -5.18B | -3.77B | -360.68M | -316.05M |
| Financing Cash Flow | 0.00 | 1.38B | 4.82B | 3.51B | -459.53M | -1.29B |
AWA PAPER & TECHNOLOGICAL COMPANY, Inc. Technical Analysis
Positive
329.00
Price Trends
425.82
Positive
418.56
Positive
394.68
Positive
Market Momentum
-4.40
Positive
48.63
Neutral
32.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3896, the sentiment is Positive. The current price of 329 is below the 20-day moving average (MA) of 436.15, below the 50-day MA of 425.82, and below the 200-day MA of 394.68, indicating a neutral trend. The MACD of -4.40 indicates Positive momentum. The RSI at 48.63 is Neutral, neither overbought nor oversold. The STOCH value of 32.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3896.
AWA PAPER & TECHNOLOGICAL COMPANY, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥64.65B | 12.82 | ― | 2.67% | 0.65% | 22.48% | |
66 Neutral | ¥8.74B | 8.02 | ― | 1.90% | 3.25% | 32.39% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ¥769.77B | 7.76 | 2.55% | 3.51% | 0.67% | 31.73% | |
55 Neutral | ¥48.68B | 19.03 | -0.13% | 2.31% | -10.51% | -56.26% | |
49 Neutral | ¥159.06B | 19.04 | 1.66% | 1.53% | -1.57% | ― | |
42 Neutral | ¥4.27B | 0.76 | ― | ― | 8.00% | 1997.59% |
* Basic Materials Sector Average
JP:3896
AWA PAPER & TECHNOLOGICAL COMPANY, Inc.
428.00
39.00
10.03%
JP:3864
Mitsubishi Paper Mills
1,095.00
488.30
80.49%
JP:3861
Oji Holdings
777.10
125.78
19.31%
JP:3880
Daio Paper Corporation
958.00
123.05
14.74%
JP:3708
Tokushu Tokai Paper Co., Ltd.
1,725.00
563.49
48.51%
JP:3878
Tomoegawa Corporation
864.00
222.99
34.79%
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.