Worth reading
50Recurring
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
-78.9
% (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales72,557Millions of yenYear on year +0.3%Progress 23.8%
Operating profit687Millions of yenYear on year -78.9%Progress 22.9%
Ordinary income1,695Millions of yenYear on year -52.9%Progress 42.4%
Net income attributable to owners of the parent1,634Millions of yenYear on year -25.3%Progress 32.7%
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¥10.29
Financial position at period-end
Total assets415,924Millions of yen
of which net assets 250,747 Millions of yenEquity ratio 60.1%vs. prior year-end +0.2pt
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.
Segment revenuePulp and Paper Business 65,558 Millions of yen (YoY -0.3%), Packaging and paper processing business 4,452 Millions of yen (YoY +3.5%), Timber Business 1,325 Millions of yen (YoY +4.4%), Other 1,221 Millions of yen (YoY +22.5%)
Segment profitPulp and Paper Business 449 Millions of yen (YoY -84.6%), Packaging and paper processing business 37 Millions of yen (YoY -36.5%), Timber Business 88 Millions of yen (YoY +0.9%), Other 96 Millions of yen (YoY -28.9%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales305,000 Millions of yen (YoY +6.0%)
Operating profit3,000 Millions of yen (YoY -60.2%)
Ordinary income4,000 Millions of yen (YoY -64.5%)
Net income5,000 Millions of yen (YoY -31.5%)
Annual Dividend Forecast¥26 → ¥26（0.0%）
Factors Behind Changes in Business Performance
Net sales increased mainly due to higher sales volumes of processed paper. Profit declined due to higher raw material and fuel costs amid escalating tensions in the Middle East, lower pulp prices at overseas subsidiaries, higher logistics costs, and increased costs in the transportation and warehousing businesses.
Disclosure regarding the going concern assumption
No applicable matters
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 0 / Excluded 0 / Company name Not disclosed
Material subsequent eventsOn 24 July 2026, the company issued ¥25,000 million in unsecured corporate bonds, Series 31. The redemption date is 24 July 2029, and the proceeds will be used to redeem bonds.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 3 Millions of yen, Gain on waiver of lease obligations 1,133 Millions of yen / Extraordinary loss Loss on disposal and sale of non-current assets 328 Millions of yen, Impairment loss on investment securities 721 Millions of yen
Depreciation and amortization3,599 Millions of yen
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo (no target participants specified)
Issued Shares at Period-End163,053,114 Shares
Treasury Shares at Period-End4,191,569 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | 72,557 Millions of yen (YoY +0.3%) |
| Operating profit | 687 Millions of yen (YoY -78.9%) |
| Ordinary income | 1,695 Millions of yen (YoY -52.9%) |
| Profit attributable to owners of the parent | 1,634 Millions of yen (YoY -25.3%) |
| Net income per share | ¥10.29 |
| Equity ratio | End of the current fiscal period 60.1 / End of previous period 59.9 |
| Total assets | 415,924 Millions of yen |
| Net assets | 250,747 Millions of yen |
| Full-year earnings forecast | Net Sales 305,000 Millions of yen (YoY +6.0%) / Operating profit 3,000 Millions of yen (YoY -60.2%) / Ordinary income 4,000 Millions of yen (YoY -64.5%) / Net income 5,000 Millions of yen (YoY -31.5%) |
| Annual Dividend Forecast | ¥26 → ¥26（0.0%） |
| Segment revenue | Pulp and Paper Business 65,558 Millions of yen (YoY -0.3%), Packaging and paper processing business 4,452 Millions of yen (YoY +3.5%), Timber Business 1,325 Millions of yen (YoY +4.4%), Other 1,221 Millions of yen (YoY +22.5%) |
| Segment profit | Pulp and Paper Business 449 Millions of yen (YoY -84.6%), Packaging and paper processing business 37 Millions of yen (YoY -36.5%), Timber Business 88 Millions of yen (YoY +0.9%), Other 96 Millions of yen (YoY -28.9%) |
| Depreciation and amortization | 3,599 Millions of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 3 Millions of yen, Gain on waiver of lease obligations 1,133 Millions of yen / Extraordinary loss Loss on disposal and sale of non-current assets 328 Millions of yen, Impairment loss on investment securities 721 Millions of yen |
| Disclosure regarding the going concern assumption | No applicable matters |
| 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 0 / Excluded 0 / Company name Not disclosed |
| Material subsequent events | On 24 July 2026, the company issued ¥25,000 million in unsecured corporate bonds, Series 31. The redemption date is 24 July 2029, and the proceeds will be used to redeem bonds. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No (no target participants specified) |
| Issued Shares at Period-End | 163,053,114 Shares |
| Treasury Shares at Period-End | 4,191,569 Shares |
| Factors Behind Changes in Business Performance | Net sales increased mainly due to higher sales volumes of processed paper. Profit declined due to higher raw material and fuel costs amid escalating tensions in the Middle East, lower pulp prices at overseas subsidiaries, higher logistics costs, and increased costs in the transportation and warehousing businesses. |
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment loss
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.Net sales increased, mainly due to higher sales volumes of processed paper in the Packaging and Paper Processing segment, while operating profit declined due to higher raw material and fuel costs amid escalating tensions in the Middle East, as well as lower pulp prices at overseas subsidiaries.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.