Japan Pulp and Paper Co. Ltd. (JP:8032)
:8032
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Japan Pulp and Paper Co. Ltd.
(8032)
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Rating:65Neutral
Price Target:
¥1,177.00
▲(33.60% Upside)
Action:Reiterated
Date:05/15/26
The score is driven by strong technical momentum and trend support, tempered by moderate financial performance where cash flow and improving leverage are offset by a sharp decline in margins and returns. Valuation is a secondary headwind due to the higher P/E despite a mid-level dividend yield.
Positive Factors
Consistent Free Cash Flow
Sustained positive free cash flow (~¥17–19B in 2024–2026) indicates the company generates real cash after investment. This provides durable funding for working capital, capex, dividends or debt paydown and cushions the business against cyclical revenue swings over the next several quarters.
Negative Factors
Material Margin Compression
A sharp drop in net margin and ROE signals weakening earnings power and poorer returns on invested capital. Margin erosion undermines the benefits of stable gross margins and suggests structural cost pressures or inefficiencies that could persist absent operating improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Free Cash Flow
Sustained positive free cash flow (~¥17–19B in 2024–2026) indicates the company generates real cash after investment. This provides durable funding for working capital, capex, dividends or debt paydown and cushions the business against cyclical revenue swings over the next several quarters.
Read all positive factors
Japan Pulp and Paper Co. Ltd. (8032) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥127.42B
Dividend Yield3.19%
Average Volume (3M)212.03K
Price to Earnings (P/E)36.3
Beta (1Y)0.81
Revenue Growth9.42%
EPS Growth-35.70%
CountryJP
Employees4,157
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)47.16
Shares Outstanding120,215,510
10 Day Avg. Volume153,100
30 Day Avg. Volume212,026
Financial Highlights & Ratios
PEG Ratio-0.73
Price to Book (P/B)0.96
Price to Sales (P/S)0.20
P/FCF Ratio6.54
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)78.72
Revenue Forecast (FY)¥510.20B
Japan Pulp and Paper Co. Ltd. Business Overview & Revenue Model
Company Description
Japan Pulp and Paper Company Limited, established in Tokyo, Japan in 1845, is a globally engaged enterprise specializing in the comprehensive lifecycle of paper, pulp, and related products. The company's extensive activities include the manufactur...
How the Company Makes Money
Japan Pulp and Paper primarily makes money by acting as an intermediary and distributor in the paper and packaging supply chain. Its core revenue comes from the sale and distribution of paper and paper-related products that it procures from manufa...
Japan Pulp and Paper Co. Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
60
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 564.10B | 606.78B | 554.52B | 534.23B | 545.28B | 444.76B |
| Gross Profit | 93.74B | 105.44B | 91.47B | 87.41B | 86.32B | 72.45B |
| EBITDA | 23.08B | 22.29B | 26.72B | 30.87B | 50.87B | 30.48B |
| Net Income | 5.82B | 4.72B | 7.57B | 10.36B | 25.39B | 11.50B |
Balance Sheet | ||||||
| Total Assets | 384.49B | 394.70B | 392.23B | 372.64B | 385.13B | 338.94B |
| Cash, Cash Equivalents and Short-Term Investments | 15.72B | 25.82B | 19.58B | 17.81B | 31.14B | 13.01B |
| Total Debt | 92.28B | 114.58B | 112.64B | 103.92B | 119.19B | 117.93B |
| Total Liabilities | 240.31B | 253.80B | 246.67B | 234.30B | 256.83B | 238.62B |
| Stockholders Equity | 132.60B | 128.93B | 134.07B | 127.60B | 118.43B | 92.91B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 18.90B | 17.28B | 17.22B | -7.77B | 9.75B |
| Operating Cash Flow | 0.00 | 24.55B | 21.01B | 20.89B | 304.00M | 14.01B |
| Investing Cash Flow | 0.00 | -1.18B | -11.22B | -2.92B | 23.67B | -4.08B |
| Financing Cash Flow | 0.00 | -16.79B | -9.34B | -31.68B | -10.09B | -9.83B |
Japan Pulp and Paper Co. Ltd. Technical Analysis
Positive
881.00
Price Trends
1117.44
Negative
1072.62
Positive
905.97
Positive
Market Momentum
-9.70
Positive
48.66
Neutral
62.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8032, the sentiment is Positive. The current price of 881 is below the 20-day moving average (MA) of 1124.10, below the 50-day MA of 1117.44, and below the 200-day MA of 905.97, indicating a neutral trend. The MACD of -9.70 indicates Positive momentum. The RSI at 48.66 is Neutral, neither overbought nor oversold. The STOCH value of 62.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8032.
Japan Pulp and Paper Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ¥127.42B | 36.30 | ― | 3.19% | 9.42% | -35.70% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ¥677.10B | 12.87 | 2.55% | 3.51% | 0.67% | 31.73% | |
57 Neutral | ¥150.48B | 21.29 | 3.97% | 2.71% | -5.88% | -52.79% | |
55 Neutral | ¥49.08B | 24.78 | -0.13% | 2.31% | -10.51% | -56.26% | |
52 Neutral | ¥142.68B | 12.10 | 3.57% | 1.31% | 0.86% | 158.75% | |
49 Neutral | ¥156.90B | 17.61 | 1.66% | 1.53% | -0.32% | ― |
* Basic Materials Sector Average
JP:8032
Japan Pulp and Paper Co. Ltd.
1,099.00
515.96
88.49%
JP:3864
Mitsubishi Paper Mills
1,074.00
477.12
79.94%
JP:3863
Nippon Paper
1,231.00
220.03
21.76%
JP:3861
Oji Holdings
793.90
129.26
19.45%
JP:3865
Hokuetsu Corporation
960.00
-25.66
-2.60%
JP:3880
Daio Paper Corporation
946.00
162.31
20.71%
Japan Pulp and Paper Co. Ltd. Corporate Events
Japan Pulp & Paper Posts Higher Revenue but Profit Slump, Raises Dividend and Signals Earnings Rebound
Jun 5, 2026
Japan Pulp Paper reported a 9.4% rise in revenue to ¥606.8 billion for the fiscal year ended March 31, 2026, but operating profit fell 28% and profit attributable to owners of the parent dropped 37.6%, as margins weakened and profitability i...
Japan Pulp & Paper Completes Near‑Full ¥5.5 Billion Share Buyback
Jun 2, 2026
Japan Pulp Paper has completed a board-authorized share repurchase program under Japan’s Companies Act, buying back 18,100 common shares on June 1 via market purchases on the Tokyo Stock Exchange. The transaction, executed through a discret...
Japan Pulp & Paper Nears Completion of Aggressive Share Buyback Program
Jun 1, 2026
Japan Pulp Paper Co., Ltd. has been actively repurchasing its own common shares on the Tokyo Stock Exchange under a Board-approved buyback program aimed at managing capital structure and enhancing shareholder value. Between May 1 and May 31, 2026...
Japan Pulp & Paper books extraordinary losses tied to European restructuring
May 13, 2026
Japan Pulp Paper said it has booked substantial extraordinary losses for the fiscal year ended March 31, 2026, mainly linked to overseas and domestic subsidiaries whose share values have fallen. The company recognized impairment losses totaling J...
Japan Pulp & Paper Lifts Dividend Despite Profit Slump, Signals FY2027 Rebound
May 13, 2026
Japan Pulp Paper reported revenue of ¥606.8 billion for the year to March 31, 2026, up 9.4% year on year, but operating profit fell 28.0% to ¥10.8 billion and profit attributable to owners of parent dropped 37.6% to ¥4.7 billion. P...
Japan Pulp & Paper Advances Share Buyback, Repurchasing 3.45 Million Shares
May 1, 2026
Japan Pulp Paper Co., Ltd. has reported progress on its ongoing share buyback program authorized by the board on February 9, 2026, under which it may repurchase up to 5,000,000 common shares for a maximum of JPY 5.5 billion between February 10 an...
Japan Pulp & Paper Advances Share Buyback Under Board-Approved Program
Apr 1, 2026
Japan Pulp Paper Co., Ltd. has been actively repurchasing its own common shares under a board-approved program authorized in February 2026, using market purchases on the Tokyo Stock Exchange via a discretionary trading contract. The initiative fo...
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.