Worth reading
57In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
61.8
% (year-on-year decrease in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales287,736¥ millionYear on year -5.9%Progress 94.3%
Operating profit7,539¥ millionYear on year -61.8%Progress 251.3%
Ordinary income11,271¥ millionYear on year -39.9%Progress 281.8%
Net income attributable to owners of the parent7,299¥ millionYear on year -53.0%Progress 146.0%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥43.59
Operating MarginCurrent fiscal year 2.6% / Previous period 6.5%
Financial position at period-end
Total assets420,574¥ million
of which net assets 252,747 ¥ millionEquity ratio 59.9%vs. prior year-end -3.4pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+10,192
Investment-3,279
Financials-6,254
Net change+659
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥26,421 million
Segment revenuePulp and Paper Business Current fiscal year ¥261,384 million / Previous period ¥280,243 million / Difference ¥-18,858 million / Year on year against the same period last year Not disclosed / Packaging and paper processing business Current fiscal year ¥17,437 million / Previous period ¥16,655 million / Difference ¥781 million / Year on year against the same period last year Not disclosed
Segment profitPulp and Paper Business Current fiscal year ¥5,963 million / Previous period ¥18,251 million / Difference ¥-12,287 million / Year on year against the same period last year Not disclosed / Packaging and paper processing business Current fiscal year ¥558 million / Previous period ¥228 million / Difference ¥329 million / Year on year against the same period last year Not disclosed
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥305,000 million (YoY +6.0%)
Operating profit¥3,000 million (YoY -60.2%)
Ordinary income¥4,000 million (YoY -64.5%)
Net income¥5,000 million (YoY -31.5%)
Annual Dividend Forecast¥22 → ¥26
Payout ratio59.6% (fiscal year ended March 2026), 82.6% (forecast for the fiscal year ending March 2027)
Factors Behind Changes in Business Performance
Weaker global pulp market conditions, continued weakness in domestic demand for paper products, and softer export market conditions, resulting in lower sales volumes, among other factors.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name Daio Paper Corporation
Material subsequent eventsNot applicable.
Impairment loss¥202 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥50 million / Gain on sale of investment securities ¥4,173 million / Insurance proceeds received ¥229 million / Total ¥4,453 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥1,760 million / Impairment loss ¥202 million / Losses from natural disasters ¥539 million / Loss on reduction of fixed assets ¥1 million / Loss on sale of shares of subsidiaries and affiliates ¥1,695 million / Total ¥4,200 million
Depreciation and amortization¥13,833 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End163,053,114
Treasury Shares at Period-End4,251,151
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥287,736 million (YoY -5.9%) |
| Operating profit | ¥7,539 million (YoY -61.8%) |
| Ordinary income | ¥11,271 million (YoY -39.9%) |
| Profit attributable to owners of the parent | ¥7,299 million (YoY -53.0%) |
| Net income per share | ¥43.59 |
| Operating Margin | Current fiscal year 2.6% / Previous period 6.5% |
| Equity ratio | End of the current fiscal period 59.9% / End of previous period 63.3% |
| Total assets | ¥420,574 million |
| Net assets | ¥252,747 million |
| Cash flows from operating activities | ¥10,192 million |
| Cash flows from investing activities | ¥-3,279 million |
| Cash flows from financing activities | ¥-6,254 million |
| Cash and cash equivalents at end of period | ¥26,421 million |
| Full-year earnings forecast | Net Sales ¥305,000 million (YoY +6.0%) / Operating profit ¥3,000 million (YoY -60.2%) / Ordinary income ¥4,000 million (YoY -64.5%) / Net income ¥5,000 million (YoY -31.5%) |
| Annual Dividend Forecast | ¥22 → ¥26 |
| Payout ratio | 59.6% (fiscal year ended March 2026), 82.6% (forecast for the fiscal year ending March 2027) |
| Segment revenue | Pulp and Paper Business Current fiscal year ¥261,384 million / Previous period ¥280,243 million / Difference ¥-18,858 million / Year on year against the same period last year Not disclosed / Packaging and paper processing business Current fiscal year ¥17,437 million / Previous period ¥16,655 million / Difference ¥781 million / Year on year against the same period last year Not disclosed |
| Segment profit | Pulp and Paper Business Current fiscal year ¥5,963 million / Previous period ¥18,251 million / Difference ¥-12,287 million / Year on year against the same period last year Not disclosed / Packaging and paper processing business Current fiscal year ¥558 million / Previous period ¥228 million / Difference ¥329 million / Year on year against the same period last year Not disclosed |
| Depreciation and amortization | ¥13,833 million |
| Impairment loss | ¥202 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥50 million / Gain on sale of investment securities ¥4,173 million / Insurance proceeds received ¥229 million / Total ¥4,453 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥1,760 million / Impairment loss ¥202 million / Losses from natural disasters ¥539 million / Loss on reduction of fixed assets ¥1 million / Loss on sale of shares of subsidiaries and affiliates ¥1,695 million / Total ¥4,200 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name Daio Paper Corporation |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 163,053,114 |
| Treasury Shares at Period-End | 4,251,151 |
| Factors Behind Changes in Business Performance | Weaker global pulp market conditions, continued weakness in domestic demand for paper products, and softer export market conditions, resulting in lower sales volumes, among other factors. |
Items this document does not state (4)
Revision to Earnings ForecastShareholder Return PolicyRegional salesOrders received and order backlog
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Revenue and earnings declined due to lower sales volumes resulting from weaker global pulp market conditions, continued weakness in domestic demand for paper products, and softer export market conditions, among other factors.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.