1. Japan Stocks

  2. •

    Basic Materials

  3. •

    Paper, Lumber & Forest Products
Nippon Paper Industries Co., Ltd.

Nippon Paper Industries Co., Ltd.

NIJPF
Nippon Paper Industries Co., Ltd.US flagOther OTC
7.10
USD
- -
- -
818.69MMarket Cap
Nippon Paper Industries Co., Ltd.
NIJPF
(Other OTC)

Recent

price

7.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
9,497.58
7,192.13
7,417.08
9,339.09
9,091.63
8,700.4
8,574.42
9,042.33
9,234.73
9,025.94
8,720.94
9,046.34
9,976.25
10,114.12
10,245.65
- -
5,056.96
Revenue per Share
-208.74
-386.58
38.43
196.67
200.26
20.94
72.57
67.8
-304.34
122.88
27.67
17.23
-436.27
197.09
39.33
- -
278.41
Basic EPS, GAAP
614.1
144.16
438.12
654.37
707
452.85
752.42
388.34
516.39
579.61
728.93
626.51
569.7
782.25
630.72
- -
- -
Free Cash Flow per Basic Share
80.03
- -
- -
40.27
50.08
60.07
59.97
59.96
30.07
40.07
40.01
40.09
30.15
- -
10.03
- -
- -
Dividend per Share
1,301.76
1,265.41
1,050.15
1,579.44
1,745.31
1,616.27
1,540.93
1,541.29
1,210.94
1,294.52
1,277.36
1,239.88
771.24
970.2
1,008.77
- -
862.76
Book Value per Share
3,368.98
2,234.27
2,753.07
3,496.11
4,066.39
3,536.78
3,623.26
3,711.36
3,319.94
3,264.66
3,463.04
3,595.07
3,398.5
4,098.7
4,308.39
- -
4,172.37
Tangible Book Value per Share
116
116
116
116
116
116
116
116
116
116
116
116
116
115
115
115
115
Basic Weighted Avg Shares
1,099,817
836,120
862,272
1,081,277
1,052,491
1,007,097
992,428
1,046,499
1,068,703
1,043,912
1,007,339
1,045,086
1,152,645
1,167,314
1,182,431
- -
583,372
Sales/Revenue/Turnover
3.24
3.17
2.13
2.64
2.25
2.25
2.39
1.68
1.84
3.36
1.91
1.16
-2.33
1.48
1.67
- -
2.13
Operating Margin (%)
80,052
56,458
54,493
65,465
63,726
59,743
57,112
59,941
62,458
60,545
65,695
67,565
67,328
65,259
67,794
- -
- -
Depreciation Expense
-24,172
-44,942
4,468
22,770
23,183
2,424
8,399
7,847
-35,220
14,212
3,196
1,990
-50,406
22,747
4,539
- -
32,117
Net Income, GAAP
- -
- -
52.87
26.72
37.03
54.95
65.99
62.93
- -
20.93
42.27
58.29
- -
13.34
43.61
- -
44.4
Effective Tax Rate (%)
-2.2
-5.38
0.52
2.11
2.2
0.24
0.85
0.75
-3.3
1.36
0.32
0.19
-4.37
1.95
0.38
- -
5.51
Profit Margin (%)
-34,893
162,174
48,214
-3,817
8,666
53,000
-8,288
-39,238
37,541
62,662
107,077
148,799
123,120
143,844
159,113
- -
161,690
Working Capital
529,923
603,848
579,976
480,719
464,799
445,725
404,353
403,334
451,474
479,677
609,846
647,259
674,809
660,734
633,592
- -
667,225
LT Debt
408,762
267,063
327,714
426,583
489,737
424,684
434,909
443,396
395,342
386,576
424,719
438,602
415,199
495,647
510,433
- -
503,819
Total Equity
- -
- -
0.76
1.76
1.23
0.87
0.72
0.58
- -
2.56
0.96
0.39
- -
1.1
0.8
- -
- -
Return on Invested Capital (%)
- -
- -
1.04
3.27
3.12
0.79
1.38
1.36
- -
1.94
0.5
0.38
- -
2.67
0.69
- -
-0.85
Return on Capital (%)
-14.43
-30.18
3.32
14.93
12.05
1.25
4.6
4.4
-22.11
9.81
2.15
1.37
-43.39
22.62
3.97
- -
35.81
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
222,176
- -
216,387
LT Borrowings
642,083
- -
667,225
LT Finance Leases
18,651
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
115
- -
115
Market Capitalization
139,182
147,821
131,992

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
638,613
- -
632,991
Cash, Cash Equivalents & STI
164,858
- -
166,410
Accounts Receivable, Net
204,990
- -
195,675
Inventories
224,810
- -
229,757
Total Current Liabilities
494,769
- -
471,301
Payables & Accruals
- -
- -
- -
ST Debt
222,176
- -
216,387
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
287,424
296,518
290,574
292,798
1,167,314
2025
- -
- -
- -
- -
1,182,431
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-45.62
- -
- -
- -
197.09
2025
- -
- -
- -
- -
39.33
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
10.03
2026
- -
- -
- -
- -
- -
Similar Companies
West Coast Paper Mills Limited (WSTCSTPAPR.BO)
Klabin S.A. (KLBN11.SA)
Le Tree Holdings Limited (E6R.SI)
Companhia Melhoramentos de São Paulo (MSPA3.SA)
Tarkett S.A. (TKFTF)
Biomass Secure Power Inc. (BMSPF)
Business
Nippon Paper Industries Co., Ltd. manufactures and sells paper and pulp products including newsprint; printing and writing paper; business communication paper; wrapping paper; functional specialty paper; linerboard and corrugated medium; paperboard; paper packs; household paper products such as Kleenex and SCOTTIE brand facial tissue and toilet paper; professional products; healthcare items including Poise light incontinence products; converting paper; barrier materials; paper straws; kitchen products; pulp; chemicals; cellulose nanofiber; agriculture products; energy; concrete admixtures; logs and lumber; and building materials. The company operates through segments encompassing Paper and Paperboard; Daily-Life Products including packaging such as liquid paper containers and corrugated cardboard, household paper and healthcare, and chemicals and biomass materials; Energy; Wood Products and Construction Related; and Others including beverages, logistics, and leisure; with activities spanning Japan, Oceania via subsidiary Opal, Asia, North America through Nippon Dynawave Packaging, and other international markets. Founded August 1, 1949 and headquartered at 4-6 Kandasurugadai, Chiyoda-ku, Tokyo, Japan, the company (Tokyo Stock Exchange ticker 3863, OTC: NIJPF) employs 4,983 people (15,145 consolidated as of March 31, 2025) and generated net sales of 1,045,086 million yen in the latest fiscal year. Recent developments include ongoing production system reorganization with shutdowns at Shiraoi Mill No. 8 paper machine and Yatsushiro Mill N2 paper machine and No. 9 boiler by November 2025 to consolidate graphic paper bases to about three sites; new household paper facilities at Nippon Paper Crecia Miyagi Mill (2024) and planned at Yatsushiro Mill (FY2028/3); Opal Wodonga Mill operational launch (2023); revised FY2026/3 net sales forecast to 1,200.0 billion yen and operating income to 30.0 billion yen reflecting Australian economic stagnation and export challenges; profitability improvements at subsidiaries Opal through Maryvale Mill cost reductions and Nippon Dynawave Packaging post-maintenance; and strategic focus on expanding Daily-Life Products to over 50% of net sales, pursuing M&A in South Asia and Sub-Saharan Africa, advancing green strategies for domestic forestry and overseas plantations, and introducing capital efficiency management with ROIC and ROA metrics from FY2026/3.