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Japan Pulp and Paper Co. Ltd.
(8032)
Japan Pulp and Paper Co. Ltd. (8032) vs. iShares MSCI Japan ETF (EWJ)
Japan Pulp and Paper Co. Ltd. Business Overview & Revenue Model
Japan Pulp and Paper Co. Ltd. Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 564.10B | 554.52B | 534.23B | 545.28B | 444.76B | 462.92B |
| Gross Profit | 93.74B | 91.47B | 87.41B | 86.32B | 72.45B | 63.48B |
| EBITDA | 23.08B | 26.72B | 30.87B | 50.87B | 30.48B | 19.76B |
| Net Income | 5.82B | 7.57B | 10.36B | 25.39B | 11.50B | 3.65B |
Balance Sheet | ||||||
| Total Assets | 384.49B | 392.23B | 372.64B | 385.13B | 338.94B | 321.99B |
| Cash, Cash Equivalents and Short-Term Investments | 15.72B | 19.58B | 17.81B | 31.14B | 13.01B | 11.64B |
| Total Debt | 92.28B | 112.64B | 103.92B | 119.19B | 117.93B | 121.30B |
| Total Liabilities | 240.31B | 246.67B | 234.30B | 256.83B | 238.62B | 232.11B |
| Stockholders Equity | 132.60B | 134.07B | 127.60B | 118.43B | 92.90B | 83.57B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 17.28B | 16.63B | -8.01B | 9.51B | 23.12B |
| Operating Cash Flow | 0.00 | 21.01B | 20.89B | 304.00M | 14.01B | 28.38B |
| Investing Cash Flow | 0.00 | -11.22B | -2.92B | 23.67B | -4.08B | -4.44B |
| Financing Cash Flow | 0.00 | -9.34B | -31.68B | -10.09B | -9.83B | -19.90B |
Japan Pulp and Paper Co. Ltd. Technical Analysis
Japan Pulp and Paper Co. Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥57.98B | 10.12 | ― | 4.48% | -0.37% | -19.68% | |
71 Outperform | ¥61.13B | 8.00 | ― | 2.67% | 6.26% | -11.38% | |
62 Neutral | ¥125.92B | 6.41 | ― | 3.19% | 4.06% | -73.92% | |
62 Neutral | ¥147.07B | 4.80 | 3.57% | 1.31% | 1.64% | -10.74% | |
62 Neutral | ¥26.29B | 47.50 | ― | 3.72% | -2.18% | -77.82% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ¥189.28B | 8.74 | -1.54% | 1.53% | -2.89% | -15.89% |
Japan Pulp and Paper Co. Ltd. Corporate Events
Japan Pulp & Paper reported consolidated revenue of ¥442.9 billion for the nine months to Dec. 31, 2025, up 9.2% year on year, but saw profitability deteriorate as operating profit fell 33.6% to ¥7.6 billion and profit attributable to owners of the parent dropped 27.2% to ¥5.1 billion. Earnings per share declined in tandem, and the equity ratio slipped to 32.6% as net assets eased, underscoring pressure on margins despite top-line growth.
The company maintained its full-year forecast, projecting a sharp year-on-year decline in profit attributable to owners of the parent to ¥4.0 billion and lower operating and ordinary profits, signaling continued headwinds for earnings. Dividend guidance for the year ending March 31, 2026, remains unchanged at a planned total of ¥34 per share post-stock-split basis, indicating a commitment to shareholder returns even as profitability weakens and market conditions stay challenging.
The most recent analyst rating on (JP:8032) stock is a Hold with a Yen1265.00 price target. To see the full list of analyst forecasts on Japan Pulp and Paper Co. Ltd. stock, see the JP:8032 Stock Forecast page.
Japan Pulp & Paper has disclosed the initial progress of a board-approved share buyback program, acquiring 1,046,400 common shares on the Tokyo Stock Exchange between February 10 and February 28, 2026, at a total cost of about JPY 1.16 billion via market purchases under a discretionary trading contract. This represents the early phase of a larger capital policy initiative authorized on February 9, 2026, allowing buybacks of up to 5 million shares, or 4.3% of outstanding stock excluding treasury shares, for as much as JPY 5.5 billion through August 7, 2026, a move likely aimed at enhancing capital efficiency and shareholder returns.
As of February 28, 2026, the company has used only a portion of the approved capacity, leaving substantial room for further repurchases over the coming months. The continued execution of this program could support the share price, adjust the firm’s capital structure and signal management’s confidence in its valuation, with potential implications for existing shareholders and overall market perception.
The most recent analyst rating on (JP:8032) stock is a Hold with a Yen1224.00 price target. To see the full list of analyst forecasts on Japan Pulp and Paper Co. Ltd. stock, see the JP:8032 Stock Forecast page.
Japan Pulp & Paper has approved a new share buyback program under its Articles of Incorporation, authorizing the repurchase of up to 5,000,000 common shares, or about 4.3% of its outstanding stock, for a maximum of ¥5.5 billion. The buyback will be executed via market purchases on the Tokyo Stock Exchange between February 10 and August 7, 2026.
The initiative is aligned with the company’s OVOL Medium-term Business Plan 2026, which prioritizes proactive shareholder returns and improved capital efficiency. By reducing the free float and potentially increasing earnings per share, the move is expected to support shareholder value and signal management’s confidence in the company’s financial position.
The most recent analyst rating on (JP:8032) stock is a Hold with a Yen1070.00 price target. To see the full list of analyst forecasts on Japan Pulp and Paper Co. Ltd. stock, see the JP:8032 Stock Forecast page.
Japan Pulp & Paper has approved a new monetary compensation plan that encourages directors, audit and supervisory board members, and executive officers to acquire company shares, aligning their interests more closely with shareholders. The scheme applies to both internal and outside officers, though outside directors and auditors will receive fixed, non-performance-linked awards.
Under the plan, performance-linked compensation for internal directors and executive officers is tied to achieving consolidated ordinary profit targets and a set of human resource KPIs, including childcare leave uptake, employee engagement, training spend, leave utilization, overtime reduction, and female representation in career-track roles. Eligible officers will channel these payments into an officer or employee shareholding association to purchase company stock, a move aimed at fostering long-term corporate value, strengthening governance, and signaling a stronger commitment to human capital and ESG-aligned management.
The most recent analyst rating on (JP:8032) stock is a Hold with a Yen1070.00 price target. To see the full list of analyst forecasts on Japan Pulp and Paper Co. Ltd. stock, see the JP:8032 Stock Forecast page.
Japan Pulp & Paper Co., Ltd. announced a series of leadership changes, including the reassignment and planned retirement of Director of the Board Tetsuo Izawa, who will step down at the close of the June 2026 shareholders’ meeting. The moves suggest an orderly generational shift in governance as responsibilities for the core paper sales, marketing and logistics operations are transitioned to other senior executives.
The company also promoted several executive officers, notably elevating Nobuyuki Matsuura to Executive Vice President and Business Head for Paper Sales & Marketing and Logistics, while advancing key leaders in international business, finance, purchasing and functional materials. In addition, two new executive officers were appointed to head and support the Newsprint & Publication Paper Sales Division and the Functional Materials Sales Division, signaling a continued focus on strengthening operational management in strategic business lines.
The most recent analyst rating on (JP:8032) stock is a Hold with a Yen1070.00 price target. To see the full list of analyst forecasts on Japan Pulp and Paper Co. Ltd. stock, see the JP:8032 Stock Forecast page.
Japan Pulp & Paper reported consolidated revenue of ¥442.9 billion for the nine months ended December 31, 2025, up 9.2% year on year, but operating profit fell 33.6% to ¥7.6 billion and profit attributable to owners declined 27.2% to ¥5.1 billion, reflecting margin pressure despite top-line growth. The equity-to-asset ratio eased to 32.6% from 34.2%, while earnings per share dropped due to lower profits and a prior stock split, and the company maintained its dividend plan with a forecast total of ¥34 per share and full-year guidance pointing to further profit contraction, signaling a more challenging earnings environment for shareholders.
For the full fiscal year ending March 31, 2026, the company forecasts operating profit of ¥11.5 billion and profit attributable to owners of ¥4.0 billion, representing declines of 23.7% and 47.2% respectively versus the previous year. Share data reflect a ten-for-one stock split executed in October 2024 and changes in treasury share holdings, indicating active capital policy management even as the group navigates weakening profitability and a modestly softer balance sheet.
The most recent analyst rating on (JP:8032) stock is a Hold with a Yen1070.00 price target. To see the full list of analyst forecasts on Japan Pulp and Paper Co. Ltd. stock, see the JP:8032 Stock Forecast page.
Japan Pulp & Paper Co., Ltd. will inject NZD 29 million (approximately JPY 2.7 billion) in equity into its New Zealand subsidiary BJ Ball Limited, an Auckland-based importer and wholesaler of paper and packaging materials fully owned via its Australian and New Zealand holding companies. The move substantially raises BJ Ball’s capital to NZD 31.2 million, strengthening its financial base and elevating it to specified subsidiary status within the group, although the company expects only a minimal impact on consolidated results for the fiscal year ending March 2026, signaling a strategic reinforcement of its Australasian operations rather than a short-term earnings driver.
The most recent analyst rating on (JP:8032) stock is a Hold with a Yen1070.00 price target. To see the full list of analyst forecasts on Japan Pulp and Paper Co. Ltd. stock, see the JP:8032 Stock Forecast page.
Japan Pulp & Paper has sold a portion of its listed stock holdings, booking an extraordinary gain of JPY 2,958 million as part of its ongoing review of cross-shareholdings to comply with Japan’s Corporate Governance Code and improve capital efficiency. As a result, the company has doubled its forecast for profit attributable to owners of the parent for the fiscal year ending March 31, 2026, to JPY 4 billion, while leaving operating and ordinary profit forecasts unchanged, signaling a one-off boost to bottom-line earnings without a revision to its core operating outlook.
The most recent analyst rating on (JP:8032) stock is a Buy with a Yen809.00 price target. To see the full list of analyst forecasts on Japan Pulp and Paper Co. Ltd. stock, see the JP:8032 Stock Forecast page.