Revised forecast
Fiscal year ending March 2027 · Full yearThe bar length represents the relative magnitude of change, based on the item that changed the most in this document.
For the fiscal year ended March 2026, results were affected by declining demand for paper, the delayed recovery of the German subsidiary in the overseas wholesale business, lower selling prices, foreign exchange losses, higher manufacturing-related costs and impairment losses. For the fiscal year ending March 2027, the company expects higher profit from a recovery in sales volumes at the German subsidiary, a review of unprofitable transactions, the effects of business structure reform, expanded sales of high-value-added products, improved productivity and cost reductions.
Business structure improvement costs: ¥2,464 million; impairment losses: ¥1,776 million, including ¥1,437 million in goodwill at the German subsidiary; litigation settlement payments: ¥505 million; loss on disposal of fixed assets: ¥181 million; and valuation loss on shares of an affiliate: ¥74 million, among others. Total extraordinary losses: ¥5,002 million.
| Item | Details |
|---|---|
| Operating profit | Not disclosed → ¥15,500 million（42.9% (year on year)） |
| Ordinary income | Not disclosed → ¥15,000 million（37.8% (year on year)） |
| Profit attributable to owners of the parent | Not disclosed → ¥8,000 million（69.5% (year on year)） |
| Net income per share | Not disclosed → 72.7 yen and sen |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Full year |
| Previous-period results | Revenue: ¥606,779 million; operating profit: ¥10,848 million; ordinary profit: ¥10,887 million; net income attributable to owners of the parent: ¥4,720 million; earnings per share: ¥39.50 (fiscal year ended March 2026) |
| Reason for the revision | For the fiscal year ended March 2026, results were affected by declining demand for paper, the delayed recovery of the German subsidiary in the overseas wholesale business, lower selling prices, foreign exchange losses, higher manufacturing-related costs and impairment losses. For the fiscal year ending March 2027, the company expects higher profit from a recovery in sales volumes at the German subsidiary, a review of unprofitable transactions, the effects of business structure reform, expanded sales of high-value-added products, improved productivity and cost reductions. |
| Details and amount of extraordinary loss | Business structure improvement costs: ¥2,464 million; impairment losses: ¥1,776 million, including ¥1,437 million in goodwill at the German subsidiary; litigation settlement payments: ¥505 million; loss on disposal of fixed assets: ¥181 million; and valuation loss on shares of an affiliate: ¥74 million, among others. Total extraordinary losses: ¥5,002 million. |
| Dividend forecast revision | For the fiscal year ending March 2027, annual dividends of ¥36 are planned, including an interim dividend of ¥18, an increase of ¥2 from the fiscal year ended March 2026. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (2)
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.For the fiscal year ended March 2026, results were affected by declining domestic demand for paper, the delayed recovery of the German subsidiary in the overseas wholesale business, lower selling prices in the UK and Oceania, foreign exchange losses, increases in fuel, electricity, auxiliary materials and labor costs, and impairment losses on fixed assets at an equity-method affiliate. For the fiscal year ending March 2027, the company expects higher profit from a recovery in sales volumes at the German subsidiary, a review of unprofitable transactions, the effects of business structure reform, expanded sales of high-value-added products, improved productivity and cost reductions.