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KPP GROUP HOLDINGS CO.,LTD.
(9274)
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Rating:66Neutral
Price Target:
¥1,049.00
▲(27.31% Upside)
Action:Downgraded
Date:05/16/26
The score is driven primarily by mixed financial performance—better cash generation and improved gross margin versus earlier years, but weakening profitability/returns and meaningful leverage. Technicals add support with an uptrend and positive momentum, while valuation is attractive with a low P/E and solid dividend yield.
Positive Factors
Improving Gross Margin
Gross margin expansion to ~20% versus ~12% in 2021 indicates lasting improvement in procurement, pricing or product mix. Higher gross margins give the low-margin distribution model more buffer to cover fixed costs and support sustainable operating profit under normal industry cycles.
Negative Factors
Thin and weakening profitability
Net margins near 1% and a sharp ROE decline reduce the firm's internal capacity to reinvest and absorb shocks. For a distributor with limited pricing power, low bottom-line profitability makes returns sensitive to cost inflation and undermines long-term capital accumulation.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Gross Margin
Gross margin expansion to ~20% versus ~12% in 2021 indicates lasting improvement in procurement, pricing or product mix. Higher gross margins give the low-margin distribution model more buffer to cover fixed costs and support sustainable operating profit under normal industry cycles.
Read all positive factors
KPP GROUP HOLDINGS CO.,LTD. (9274) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥65.34B
Dividend Yield4.48%
Average Volume (3M)139.02K
Price to Earnings (P/E)11.7
Beta (1Y)0.92
Revenue Growth-2.94%
EPS Growth-25.74%
CountryJP
Employees5,624
SectorBasic Materials
Sector Strength58
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)114.13
Shares Outstanding67,244,286
10 Day Avg. Volume121,370
30 Day Avg. Volume139,023
Financial Highlights & Ratios
PEG Ratio-0.39
Price to Book (P/B)0.63
Price to Sales (P/S)0.09
P/FCF Ratio3.46
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
KPP GROUP HOLDINGS CO.,LTD. Business Overview & Revenue Model
Company Description
Kpp Group Holdings Co., Ltd., formerly Kokusai Pulp&Paper Co.,Ltd., is a prominent paper trading enterprise founded in Tokyo, Japan, in 1924. The company's primary business involves the worldwide acquisition, distribution, importation, and exporta...
How the Company Makes Money
The company primarily makes money through its operating subsidiaries by selling paper and paper-related products to business customers. Its revenue model is largely based on trading/distribution margins: it procures paper products (e.g., printing ...
KPP GROUP HOLDINGS CO.,LTD. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
56
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 666.91B | 650.37B | 670.04B | 644.43B | 659.66B | 563.41B |
| Gross Profit | 128.77B | 130.04B | 129.12B | 119.90B | 120.58B | 92.95B |
| EBITDA | 25.62B | 24.41B | 26.91B | 26.03B | 29.88B | 18.70B |
| Net Income | 7.63B | 5.62B | 7.99B | 10.61B | 15.72B | 7.50B |
Balance Sheet | ||||||
| Total Assets | 354.65B | 374.71B | 352.04B | 344.56B | 330.66B | 290.71B |
| Cash, Cash Equivalents and Short-Term Investments | 13.51B | 12.63B | 11.32B | 26.29B | 30.73B | 22.63B |
| Total Debt | 89.36B | 137.46B | 119.03B | 108.26B | 112.25B | 96.84B |
| Total Liabilities | 271.23B | 285.25B | 265.81B | 262.66B | 262.85B | 234.33B |
| Stockholders Equity | 83.32B | 89.44B | 86.12B | 81.81B | 67.73B | 56.29B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 16.27B | 6.40B | 15.67B | 4.35B | 1.64B |
| Operating Cash Flow | 0.00 | 19.81B | 11.17B | 19.82B | 10.31B | 4.82B |
| Investing Cash Flow | 0.00 | -11.11B | -16.64B | -5.51B | -8.53B | -2.68B |
| Financing Cash Flow | 0.00 | -8.12B | -11.19B | -22.38B | 4.21B | -11.80B |
KPP GROUP HOLDINGS CO.,LTD. Technical Analysis
Positive
824.00
Price Trends
985.22
Positive
939.48
Positive
859.16
Positive
Market Momentum
14.66
Negative
62.17
Neutral
48.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9274, the sentiment is Positive. The current price of 824 is below the 20-day moving average (MA) of 987.45, below the 50-day MA of 985.22, and below the 200-day MA of 859.16, indicating a bullish trend. The MACD of 14.66 indicates Negative momentum. The RSI at 62.17 is Neutral, neither overbought nor oversold. The STOCH value of 48.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9274.
KPP GROUP HOLDINGS CO.,LTD. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥44.95B | 9.31 | ― | 3.87% | 1.79% | -12.61% | |
74 Outperform | ¥77.40B | 15.35 | ― | 3.17% | 4.65% | 5.17% | |
73 Outperform | ¥53.17B | 10.24 | ― | 3.00% | 5.40% | 8.39% | |
68 Neutral | ¥101.04B | 13.46 | ― | 3.38% | 15.74% | -3.66% | |
66 Neutral | ¥65.34B | 11.69 | ― | 4.48% | -2.94% | -25.74% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ¥154.17B | 9.61 | ― | 2.42% | 8.46% | -3.62% |
* Basic Materials Sector Average
JP:9274
KPP GROUP HOLDINGS CO.,LTD.
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43.06%
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KPP GROUP HOLDINGS CO.,LTD. Corporate Events
KPP Group Holdings Posts Lower FY2026 Profit but Lifts Dividend and Expands Group
May 14, 2026
KPP Group Holdings reported consolidated net sales of ¥650.4 billion for the year ended March 31, 2026, down 2.9% year on year, with operating profit falling 25.6% to ¥10.1 billion and profit attributable to owners of parent declining 29...
KPP Group Holdings Completes ¥2.4 Billion Share Buyback Program
Mar 26, 2026
KPP GROUP HOLDINGS has completed a share repurchase program authorized by its board in May 2025, aimed at acquiring up to 3 million common shares, or about 4.5% of its outstanding stock excluding treasury shares, through market purchases on the To...
KPP Group Unit Spicers to Acquire Australia’s Spandex Visual Communication Business
Mar 19, 2026
KPP GROUP HOLDINGS’ Australian subsidiary Spicers Limited has agreed to acquire all shares of Spandex Australia Holding Pty Ltd, a Sydney-based distributor of visual communication products with operations in major Australian cities. Spandex ...
KPP Group Nears Completion of Share Buyback Program on TSE
Mar 2, 2026
KPP GROUP HOLDINGS CO., LTD., a Prime Market-listed player in the paper and packaging-related sector, continues to refine its capital structure as part of broader financial management. The company focuses on trading and distribution of paper and r...
KPP Group Profit Slumps as Portfolio Reshuffle Reshapes Global Footprint
Feb 25, 2026
KPP Group reported consolidated net sales of ¥482.3 billion for the nine months ended December 31, 2025, down 3.7% year on year, with operating profit dropping 29.8% to ¥6.1 billion and profit attributable to owners of the parent falling...
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.