Worth reading
43Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
5.8
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedJapanese GAAPNet Sales50,134¥ millionYear on year +5.8%Progress 47.3%
Operating profit2,974¥ millionYear on year +3.9%Progress 39.7%
Ordinary income3,076¥ millionYear on year +1.2%Progress 39.9%
Net income attributable to owners of the parent2,038¥ millionYear on year -16.1%Progress 38.5%
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¥36.70
Financial position at period-end
Total assets98,524¥ million
of which net assets 77,507 ¥ millionEquity ratio 78.6%vs. prior year-end +4.7pt
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+3,649
Investment-4,653
Financials-3,243
Net change-4,247
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¥19,494 million
Segment revenuePaper Products Business ¥36,767 million (YoY +5.4%), Chemical Products Business ¥6,364 million (YoY +0.4%), Other ¥7,002 million (YoY +13.6%)
Segment profitPaper Products Business ¥2,782 million (YoY +11.8%), Chemical Products Business ¥333 million (YoY +16.4%), Other ¥529 million (YoY +35.9%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥106,000 million (YoY +2.8%)
Operating profit¥7,500 million (YoY +4.1%)
Ordinary income¥7,700 million (YoY +2.2%)
Net income¥5,300 million (YoY -12.0%)
Annual Dividend Forecast¥41.33 (actual dividend for the fiscal year ended December 2025, adjusted for the stock split) → ¥42.00（Approximately 1.6%）
Factors Behind Changes in Business Performance
Sales of paper bags increased in both domestic and overseas markets. Sales of paper products remained firm in the souvenir market and for food containers and e-commerce applications, while corrugated packaging performed well for food containers and e-commerce delivery packaging. Among other products, soft bags for events performed well. Interim net income attributable to owners of the parent declined due to the反動 from the gain on the sale of cross-shareholdings having been significantly higher in the same period of the previous year.
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 consolidationNo significant changes (the number and names of newly consolidated or excluded companies are Not disclosed)
Breakdown of extraordinary income (loss)Category Extraordinary gains / Item Gain on sale of investment securities / Amount ¥0 million, Category Extraordinary losses / Item Loss on sale of fixed assets / Amount ¥0 million, Category Extraordinary losses / Item Loss on Disposal of Fixed Assets / Amount ¥5 million, Category Extraordinary losses / Item Impairment loss on investment securities / Amount ¥22 million, Category Extraordinary losses / Item Losses from natural disasters / Amount ¥40 million
Depreciation and amortization¥1,404 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and securities analysts)
Issued Shares at Period-End59,700,000
Treasury Shares at Period-End4,449,354
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 June 2026 |
| Net Sales | ¥50,134 million (YoY +5.8%) |
| Operating profit | ¥2,974 million (YoY +3.9%) |
| Ordinary income | ¥3,076 million (YoY +1.2%) |
| Profit attributable to owners of the parent | ¥2,038 million (YoY -16.1%) |
| Net income per share | ¥36.70 |
| Equity ratio | End of the current fiscal period 78.6 / End of previous period 73.9 |
| Total assets | ¥98,524 million |
| Net assets | ¥77,507 million |
| Cash flows from operating activities | ¥3,649 million |
| Cash flows from investing activities | ¥-4,653 million |
| Cash flows from financing activities | ¥-3,243 million |
| Cash and cash equivalents at end of period | ¥19,494 million |
| Full-year earnings forecast | Net Sales ¥106,000 million (YoY +2.8%) / Operating profit ¥7,500 million (YoY +4.1%) / Ordinary income ¥7,700 million (YoY +2.2%) / Net income ¥5,300 million (YoY -12.0%) |
| Annual Dividend Forecast | ¥41.33 (actual dividend for the fiscal year ended December 2025, adjusted for the stock split) → ¥42.00（Approximately 1.6%） |
| Segment revenue | Paper Products Business ¥36,767 million (YoY +5.4%), Chemical Products Business ¥6,364 million (YoY +0.4%), Other ¥7,002 million (YoY +13.6%) |
| Segment profit | Paper Products Business ¥2,782 million (YoY +11.8%), Chemical Products Business ¥333 million (YoY +16.4%), Other ¥529 million (YoY +35.9%) |
| Depreciation and amortization | ¥1,404 million |
| Breakdown of extraordinary income (loss) | Category Extraordinary gains / Item Gain on sale of investment securities / Amount ¥0 million, Category Extraordinary losses / Item Loss on sale of fixed assets / Amount ¥0 million, Category Extraordinary losses / Item Loss on Disposal of Fixed Assets / Amount ¥5 million, Category Extraordinary losses / Item Impairment loss on investment securities / Amount ¥22 million, Category Extraordinary losses / Item Losses from natural disasters / Amount ¥40 million |
| 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 | No significant changes (the number and names of newly consolidated or excluded companies are Not disclosed) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and securities analysts) |
| Issued Shares at Period-End | 59,700,000 |
| Treasury Shares at Period-End | 4,449,354 |
| Factors Behind Changes in Business Performance | Sales of paper bags increased in both domestic and overseas markets. Sales of paper products remained firm in the souvenir market and for food containers and e-commerce applications, while corrugated packaging performed well for food containers and e-commerce delivery packaging. Among other products, soft bags for events performed well. Interim net income attributable to owners of the parent declined due to the反動 from the gain on the sale of cross-shareholdings having been significantly higher in the same period of the previous year. |
Items this document does not state (8)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossMaterial subsequent events
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.Sales of paper bags, paper products, corrugated packaging and soft bags for events increased, while interim net income declined due to the反動 from the gain on the sale of cross-shareholdings having been significantly higher in the same period of the previous year.
How to read this page
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