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Okayama Paper Industries (3892) · TargetRestatedLatest Earnings (2026-10-14): "Advanced"

Production in Line with Demand and Maintenance of Appropriate Prices

First written in FY2016. 19 of 39 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-10-14.

39entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2023 – FY20242016: 22017: 420172018: 420182019: 420192020: 420202021: 320212022: 420222023: 420232024: 320242025: 220252026: 52026
Same theme, other companies
Earnings Improvement through Demand-Aligned Production and Sales Price RecoveryA theme 7 companies write about · 2 as a headwind · 5 as a tailwind

1 other company's latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-10-14AdvancedEarnings

    「当第1四半期累計期間における経営成績につきましては、労務費他固定費増加の影響はあるものの、製品価格改定の効果で増収増益となりました。」

    製品価格改定の効果が第1四半期の増収増益に具体的に寄与した。
  2. FY2026RestatedAnnual report

    「Sales volume decreased to 99.0% of the previous fiscal year's level, representing an achievement rate of 98.5% against the annual plan.」

    Although paperboard sales volume decreased from the previous fiscal year, the achievement rate against the annual plan was 98.5%. The policy of maintaining appropriate pricing and production capacity in line with demand continues.
  3. FY2026-H1RestatedAnnual report

    「Although the core fresh produce-related products were somewhat weak due to weather conditions and growth in digital printing machine products also slowed, revenue was ¥741 million, up 0.1% year on year, partly due to the effect of the product price revisions. Segment profit was ¥12 million, compared with a segment loss of ¥12 million in the same period of the previous year.」

    Although we continue to secure appropriate pricing through the effect of the product price revisions, paperboard sales volume decreased 1.5% year on year, with no new improvement shown in production and sales performance relative to demand.
  4. FY2025AdvancedAnnual report

    「Sales volume increased to 100.6% of the previous fiscal year's level, representing an achievement rate of 100.5% against the annual plan.」

    Sales volume of paperboard products reached 100.6% of the previous fiscal year's level, achieving 100.5% of the annual plan. This indicates tangible progress in production and sales performance in line with demand.
  5. FY2025-H1RestatedAnnual report

    「Paperboard sales volume remained broadly in line with the previous year, and revenue increased as product prices were also maintained.」

    Paperboard sales volume increased 0.9% year on year and remained broadly in line with the previous year, while we continued to maintain the revised product prices. This confirms continued efforts to maintain existing appropriate pricing rather than a new price revision.
  6. FY2024AdvancedAnnual report

    「Sales volume decreased to 96.9% of the previous fiscal year's level, representing an achievement rate of 101.0% against the annual plan. Although paperboard sales volume decreased, revenue in the paperboard business increased 6.9% as the price revisions implemented in February and October 2022 took hold, in response to deteriorating earnings prospects from surging prices of recovered paper and LNG, the main fuel, among other factors.」

    Although paperboard sales volume decreased to 96.9% of the previous fiscal year's level, the achievement rate against the annual plan was 101.0%, and the paperboard business recorded 6.9% revenue growth as the price revisions implemented in February and October 2022 took hold.
  7. FY2024-Q3AdvancedAnnual report

    「For the nine-month period ended in the third quarter, demand for paperboard, particularly containerboard, declined due to restrained consumption resulting from rising prices and other factors, and sales volume decreased. However, revenue increased year on year, partly as a result of the product price revisions implemented in the previous fiscal year. Prices of recovered paper and LNG, the main fuel, remained high, but earnings increased substantially as a result of the price revisions and other factors.」

    Despite declines in demand and sales volume, revenue increased 7.1% year on year and operating profit increased 284.6% as a result of the product price revisions implemented in the previous fiscal year and other factors. Measurable progress toward securing appropriate pricing continues.
  8. FY2024-Q2AdvancedAnnual report

    「Demand for paperboard, particularly containerboard, declined due to restrained consumption resulting from rising prices and other factors, and sales volume decreased. However, revenue increased year on year, partly as a result of the product price revisions implemented in the previous fiscal year. Prices of recovered paper and LNG, the main fuel, remained high, but earnings increased substantially as a result of the price revisions and other factors.」

    Despite declining demand and lower sales volume, revenue and earnings increased as a result of the product price revisions implemented in the previous fiscal year. Revenue in the paperboard business increased 9.1% year on year, and segment profit increased 243.8%.
  9. FY2024-Q1AdvancedAnnual report

    「For the three-month period ended in the first quarter, demand for paperboard declined as the economy slowed due to rising prices and other factors, but revenue increased as the price revisions took hold. Prices of recovered paper and LNG, the main fuel, remained high, but earnings increased as a result of the price revisions.」

    Despite declining demand and high raw material and fuel prices, company-wide revenue increased 5.4% year on year and operating profit increased 140.3% as the product price revisions took hold. This indicates measurable progress toward securing appropriate pricing.
  10. FY2023AdvancedAnnual report

    「We will work harder than before to establish production capacity in line with demand and achieve further cost reductions. In sales, we will maintain appropriate pricing, develop new customers and pursue management that responds to changes in the business environment.」

    Paperboard sales volume was 95.5% of the previous fiscal year's level, with an achievement rate of 98.5% against the annual plan. Meanwhile, product prices were revised in February and October 2022 to secure appropriate pricing.
  11. FY2023-Q3RestatedAnnual report

    「Although sales volume decreased 4.0% year on year due to softer paperboard demand and other factors, revenue increased to ¥7,000 million, up 8.4% year on year, as the product price revisions implemented in the previous fiscal year took hold to a certain extent. Despite the increase in revenue, segment profit declined to ¥398 million, down 24.8% year on year, due to surging raw material and fuel prices.」

    Revenue increased as the product price revisions implemented in the previous fiscal year took hold, but sales volume declined and profit decreased because the increase in raw material and fuel prices could not be absorbed. The focus on production in line with demand and securing appropriate pricing remains unchanged.
  12. FY2023-Q2AdvancedAnnual report

    「In this business, sales volume decreased 3.3% year on year due to changes in the customer mix and other factors. However, as the product price revisions implemented in the previous fiscal year took hold to a certain extent, revenue increased to ¥4,691 million, up 7.3% year on year. Despite the increase in revenue, segment profit declined to ¥286 million, down 32.2% year on year, due to surging raw material and fuel prices.」

    As the product price revisions implemented in the previous fiscal year took hold to a certain extent, the paperboard business recorded higher revenue. However, sales volume decreased 3.3%, and profit declined 32.2% as the increase in raw material and fuel prices could not be absorbed.
  13. FY2023-Q1RestatedAnnual report

    「As unit prices for recovered paper, the raw material for paperboard, and LNG, the main fuel, were expected to rise and squeeze profit, we continued working to ensure that the product price revisions implemented in the previous fiscal year took hold, but they were not enough to cover the increase in costs.」

    We continued working to establish the product price revisions implemented in the previous fiscal year, but they were not enough to fully cover the increase in raw material and fuel costs.
  14. FY2022AdvancedAnnual report

    「Regarding sales of paperboard products (fluting paper and paper tube paper) during the fiscal year, sales volume increased to 106.3% of the previous fiscal year's level, recovering to the level before the COVID-19 pandemic. This represented an achievement rate of 101.7% against the annual plan. We also revised the prices of paperboard products and worked to ensure that the revisions took hold in response to deteriorating earnings prospects from surging prices of recovered paper and LNG, the main fuel, among other factors. However, the effect of the price revisions was limited to the fourth quarter of the fiscal year ended May 2022, and the increase in revenue was attributable to higher sales volume.」

    Paperboard sales volume increased to 106.3% of the previous fiscal year's level, with an achievement rate of 101.7% against the annual plan, recovering to the level before the COVID-19 pandemic. Although product prices were revised, the effect on revenue for the fiscal year was limited to the fourth quarter.
  15. FY2022-Q3AdvancedAnnual report

    「In this business, paperboard sales volume remained firm, increasing 8.9% year on year as the economy recovered. Revenue therefore increased to ¥6,459 million, up 8.4% year on year, but profit was squeezed by surging raw material and fuel prices, resulting in segment profit of ¥530 million, down 8.1% year on year.」

    As the economy recovered, paperboard sales volume increased 8.9% year on year, indicating progress in sales performance in line with demand. However, profit declined due to surging raw material and fuel prices.
  16. FY2022-Q2AdvancedAnnual report

    「As the number of new COVID-19 cases declined and various restrictions were eased, overall domestic economic activity recovered, and demand for paperboard, particularly containerboard, also began to recover. Our paperboard sales volume also increased substantially from the previous fiscal year.」

    As domestic demand recovered, paperboard sales volume increased 11.6% year on year. This indicates tangible progress in production and sales performance in line with demand.
  17. FY2022-Q1AdvancedAnnual report

    「As the recovery in overall domestic economic activity remained slow due to the impact of the spread of COVID-19, demand for paperboard, particularly containerboard, also remained sluggish. We therefore increased the volume of paperboard exports and worked to maintain a certain level of production efficiency and secure revenue and earnings.」

    Amid sluggish domestic demand, we increased paperboard exports and sought to maintain production efficiency and secure revenue and earnings. Paperboard sales volume increased 16.0% year on year, and revenue and segment profit also increased.
  18. FY2021RaisedAnnual report

    「We will work harder than before to establish production capacity in line with demand and achieve further cost reductions. In sales, we will maintain appropriate pricing, develop new customers and pursue management that responds to changes in the business environment.」

    The wording has become more ambitious, shifting from maintaining the existing production system to establishing production capacity in line with demand and achieving further cost reductions. In sales, maintaining appropriate pricing and developing new customers were also explicitly stated. Paperboard product sales volume was 99.6% of the previous fiscal year's level, and the achievement rate against the annual plan was 99.2%.
  19. FY2021-Q3RestatedAnnual report

    「There have been no material changes to the management policies, management strategies or other matters established by the Company during the nine-month period of the current fiscal year.」

    There have been no material changes to the existing management policies and strategies, including maintaining production capacity in line with demand and maintaining appropriate pricing.
  20. FY2021-Q1RestatedAnnual report

    「In this business, although product prices were maintained, sales volume decreased 9.7% year on year. Revenue was ¥1,923 million, down 10.1% year on year, and segment profit was ¥176 million, down 41.7%.」

    Product prices continued to be maintained, but paperboard sales volume decreased 9.7% year on year.
  21. FY2020AdvancedAnnual report

    「The market for paperboard, a packaging material, remains challenging as the economy has deteriorated overall due to the COVID-19 pandemic. In the current environment, where prices for recovered paper and fuels, the raw materials and energy sources for paperboard, are influenced by global market conditions, we will continue working to maintain production capacity in line with demand and secure appropriate product prices in line with raw material costs in order to achieve our management objectives.」

    We continued to secure production capacity in line with demand and appropriate pricing. As the revised prices of paperboard products took hold and were maintained, the average unit price across paperboard products increased 5.6% from the previous fiscal year. Sales volume was 95.6% of the previous fiscal year's level, and the achievement rate against the annual plan was 96.8%.
  22. FY2020-Q3RestatedAnnual report

    「In terms of earnings, the product price revisions for paperboard products took hold, limiting the decline in revenue relative to the decrease in sales volume. In addition, prices of recovered paper and LNG, the main fuel, remained stable, resulting in higher earnings than in the same quarter of the previous year.」

    As the paperboard product price revisions took hold, the decline in revenue was limited despite the decrease in sales volume. We classified this as REAFFIRMED because it reflects the continuing effect of existing measures rather than implementation of a new price revision.
  23. FY2020-Q2RestatedAnnual report

    「In terms of earnings, the product price revisions for paperboard products took hold, limiting the decline in revenue relative to the decrease in sales volume. In addition, prices of recovered paper and LNG, the main fuel, remained stable, resulting in higher earnings than in the same quarter of the previous year.」

    Although sales volume decreased, the paperboard product price revisions took hold, and pricing measures to limit the decline in revenue have continued.
  24. FY2020-Q1RestatedAnnual report

    「Although sales volume decreased 3.5% year on year, revenue was ¥2,138 million, up 1.3% year on year, as the product price revisions took hold.」

    Although sales volume of fluting paper decreased, revenue in the paperboard business increased as the product price revisions took hold. We continue to pursue appropriate pricing through the price revisions.
  25. FY2019AdvancedAnnual report

    「Regarding sales of paperboard products (fluting paper and paper tube paper) during the fiscal year, sales volume was 99.9% of the previous fiscal year's level, representing 99.8% of the annual plan and therefore nearly achieving the plan. We also announced product price revisions on 2 occasions, in August 2017, the previous fiscal year, and November 2018, the current fiscal year, and worked to ensure that they took hold.」

    Sales volume in line with demand reached 99.8% of the annual plan, and the 2 product price revisions, including the November 2018 revision, took hold. The average unit price across paperboard products increased 10.8% from the previous fiscal year.
  26. FY2019-Q3AdvancedAnnual report

    「For the nine-month period ended in the third quarter, sales of containerboard (fluting paper), our main product, remained firm amid the spread of e-commerce, including online mail-order sales, and active freight movement supported by favorable economic conditions. Although recovered paper prices were unstable due to the impact of exports to China, revenue and earnings increased, partly because the product price revisions took hold.」

    As the product price revisions continued to take hold, paperboard sales volume increased 1.1% year on year and revenue increased 11.7%. This indicates measurable progress toward achieving appropriate pricing through the price revisions.
  27. FY2019-Q2AdvancedAnnual report

    「For the six-month period ended in the second quarter, sales of containerboard (fluting paper), our main product, remained firm amid the spread of e-commerce, including online mail-order sales, and active freight movement supported by favorable economic conditions. Although recovered paper prices surged due to increased exports to China, revenue and earnings increased, partly because the product price revisions took hold.」

    As the product price revisions took hold, paperboard sales volume increased 2.5% year on year and revenue increased 16.0%. This indicates tangible progress toward achieving sales and pricing in line with demand.
  28. FY2019-Q1AdvancedAnnual report

    「Revenue increased as a result of stronger demand for corrugated products, including for online shopping and beverages, as well as the effect of product price revisions pursued since the previous fiscal year.」

    As the product price revisions pursued since the previous fiscal year took hold, company-wide revenue increased 14.1% year on year.
  29. FY2018RestatedAnnual report

    「We worked to maintain production levels in line with demand and achieve appropriate product pricing. We also revised the prices of paperboard products and worked to ensure that the revisions took hold in order to secure earnings amid unprecedented increases in recovered paper prices.」

    We continue to focus on production in line with demand and appropriate pricing, and have implemented and worked to establish the revised prices of paperboard products.
  30. FY2018-Q3RestatedAnnual report

    「Under these circumstances, while mobilizing all available resources to reduce costs across our operations, we worked to maintain production levels in line with demand and achieve appropriate product prices. In addition, to secure earnings amid unprecedented increases in the price of recovered paper, we revised the prices of our paperboard products and worked to ensure that the revisions were accepted in the market.」

    We continue to pursue production levels in line with demand, appropriate pricing and revisions to paperboard product prices. Revenue increased as a result of the price revisions, but higher costs resulting from surging raw material prices have not been fully absorbed.
  31. FY2018-Q2RestatedAnnual report

    「Against this backdrop, while mobilizing all available resources to reduce costs across the business, we worked to maintain production levels in line with demand and achieve appropriate product pricing. We also revised the prices of paperboard products and worked to ensure that the revisions took hold in order to secure earnings amid unprecedented increases in recovered paper prices. In the paperboard business, revenue increased, particularly from the second quarter onward, partly as a result of the product price revisions. However, the increase was not enough to absorb the impact of higher costs resulting from surging raw material prices, leading to a substantial decline in earnings.」

    We continued to pursue production levels in line with demand and appropriate pricing. Revenue increased as a result of the paperboard product price revisions, but higher costs resulting from surging raw material prices could not be absorbed.
  32. FY2018-Q1AdvancedAnnual report

    「Under these circumstances, while mobilizing all available resources to reduce costs across our operations, we worked to maintain production levels in line with demand and achieve appropriate product prices. In addition, to secure earnings amid unprecedented increases in the price of recovered paper, we revised the prices of our paperboard products and worked to ensure that the revisions were accepted in the market.」

    To achieve appropriate product pricing, we revised the prices of paperboard products. The effect of the price revisions increased revenue, but was not enough to absorb higher costs resulting from surging raw material prices.
  33. FY2017RestatedAnnual report

    「To implement the above policy, including maintaining production capacity in line with demand and appropriate pricing, we will make further efforts as a company-wide initiative to achieve our goals, focusing on the following priority issues.」

    Maintaining production capacity in line with demand and appropriate pricing continues to be identified as a priority issue.
  34. FY2017-Q3RestatedAnnual report

    「Under these circumstances, while mobilizing all available resources to reduce costs across our operations, we worked to maintain production levels in line with demand and achieve appropriate product prices.」

    Cost reduction, maintaining production levels in line with demand and achieving appropriate product prices continue to be stated as objectives.
  35. FY2017-Q2RestatedAnnual report

    「Under these circumstances, while mobilizing all available resources to reduce costs across our operations, we worked to maintain production levels in line with demand and achieve appropriate product prices.」

    Maintaining production levels in line with demand and achieving appropriate product prices continue to be stated as objectives.
  36. FY2017-Q1RestatedAnnual report

    「Under these circumstances, while mobilizing all available resources to reduce costs across our operations, we worked to maintain production levels in line with demand and achieve appropriate product prices.」

    Maintaining production levels in line with demand and achieving appropriate product prices remain ongoing challenges.
  37. FY2016First statedAnnual report

    「We aim to manage the business in response to changes in the operating environment, including maintaining production capacity in line with demand and appropriate pricing, and will make further efforts as a company-wide initiative to achieve our goals, focusing on the following priority issues.」

    Responding to demand and pricing conditions is identified as a management objective.
Moved together

"Declining Domestic Demand and Falling Market Prices" moved the same way as this thread, in the same document, in 10 of its 39 moves.

1099975★123456
  1. ★This thread
  2. 1Declining Domestic Demand and Falling Market Prices10×
  3. 2Rising purchase prices for raw materials and fuel9×
  4. 3Capital investment to improve paperboard product quality9×
  5. 4Diversification of Sales Channels and On-Demand, Small-Lot Order Fulfillment9×
  6. 5Ongoing losses and impairment risk for fixed assets in the decorative corrugated packaging business7×
  7. 6Target of achieving operating profit of ¥500 million and ROE of 5%5×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Okayama Paper Industries yet. It last moved in the Earnings of 2026-10-14: "Advanced".
News
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Production in Line with Demand and Maintenance of Appropriate Prices | Okayama Paper Industries Co.,Ltd. (3892) | Komori