Industries›7 companies · latest full-year results
The industry focuses on wood resource management, pulp production, and processing paper, cardboard, and sanitary products. Key trends include developing sustainable materials as plastic alternatives.
The 7 pulp & paper companies we cover had combined revenue of ¥6.0T (+0.0% year over year) and operating profit of ¥163.7B, an industry-wide operating margin of 2.7%.
Oji Holdings leads on revenue (¥1.9T, a 31.1% share), and the top three hold 68% of industry sales. 2 grew both revenue and operating profit; 2 saw both fall.
LINTEC has the highest operating margin (7.9%); average pay across the industry is ¥7.25M, highest at Oji Holdings (¥8.45M).
Industry total
Pulp & Paper · 7 companies
YoY compares companies with prior-year figures
StockShares are +24.7% over a year, ahead of the all-industry average (+14.9%) — #10 of 53 industries.Details
GuidanceCompany plans for FY2027 (6 companies combined): revenue +5.7%, operating profit +23.8%. Planned profit growth is above the all-industry plan (+13.0%).Details
Latest resultsYear to date through Q1, 6 companies combined: revenue +4.9%, operating profit +20.3% year over year. 1 are ahead of an even pace toward their full-year plan, 3 behind.Details
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Earnings dates7 companies report within 30 days, starting with Rengo on Nov 5 and Oji Holdings on Nov 6.Details
| Company | Op. profit (last FY) | This year's plan | Plan change | Revision | Progress (Q1 cumulative) |
|---|---|---|---|---|---|
| ¥34.6B | ¥60.0B | +73.5% | Unchanged | 6% |
| ¥37.1B | ¥46.0B | +24.0% | Unchanged | 39% |
| ¥24.0B | ¥24.0B | −0.1% | Unchanged | 6% |
| ¥10.1B | ¥11.0B | +9.2% | Unchanged | 14% |
| ¥25.2B | ¥27.5B | +9.3% | Unchanged | 25% |
| ¥7.5B | ¥3.0B | −60.2% | Unchanged | 23% |
Plans are each company's forecast for the current year from its earnings release. Plan change compares with last year's results; revisions compare the latest forecast with the first one given for the year. Progress is cumulative operating profit ÷ the full-year plan, against an even pace of 25% after Q1, 50% after Q2 and 75% after Q3 (a rough guide for seasonal businesses).
| Change | 1M | 3M | 1Y |
|---|---|---|---|
| Pulp & Paper | −2.7% | −5.0% | +24.7% |
| All industries | −2.7% | −0.9% | +14.9% |
| vs. market | −0.1pt | −4.1pt | +9.7pt |
Rank among industries:3M #36/531Y #10/53
Industry returns are an equal-weighted (geometric) average of member companies. Prices are split-adjusted closes for reference, not real-time.
Average salary is the reporting entity's figure (often a holding company) from its annual securities report. Holding companies with fewer than 50 staff are excluded.
| Company | Revenue | YoY | Operating profit | Margin | Share | Average salary | Average age | Employees |
|---|---|---|---|---|---|---|---|---|
| 1 | ¥1.9T | +0.7% | ¥34.6B | 1.9% | 31.1% | ¥8.45M | 45.1 | 423 |
| 2 | ¥1.2T | +0.9% | ¥25.2B | 2.1% | 19.9% | ¥6.92M | 43.8 | 5,028 |
| 3 | ¥1.0T | +1.5% | ¥37.1B | 3.7% | 16.8% | ¥8.18M | 42.1 | 4,426 |
| 4 | ¥666.8B | −0.3% | ¥24.0B | 3.6% | 11.1% | ¥6.37M | 44.2 | 2,356 |
| 5 | ¥650.4B | −2.9% | ¥10.1B | 1.5% | 10.9% | - | 46.5 | 36 |
| 6 | ¥319.4B | +1.1% | ¥25.2B | 7.9% | 5.3% | ¥7.24M | 42.8 | 2,549 |
| 7 | ¥287.7B | −5.9% | ¥7.5B | 2.6% | 4.8% | ¥6.33M | 45.6 | 1,479 |
| Industry total / average | ¥6.0T | +0.0% | ¥163.7B | 2.7% | 100% | ¥7.25M | 44.3 | 16,297 |
Revenue and operating profit are from each company's latest full-year results. Green margins are at or above the industry margin. Financial institutions may not report operating profit.
