1. Japan Stocks

  2. •

    Basic Materials

  3. •

    Paper, Lumber & Forest Products
Oji Holdings Corporation

Oji Holdings Corporation

OJIPF
Oji Holdings CorporationUS flagOther OTC
5.80
USD
- -
- -
4.93BMarket Cap
Oji Holdings Corporation
OJIPF
(Other OTC)

Recent

price

5.80

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
1,194.34
1,228.26
1,257.54
1,349.09
1,363.01
1,450.48
1,456.53
1,503.21
1,567.29
1,523.06
1,372.41
1,484.27
1,722.18
1,712.89
1,896.09
2,046.45
862.64
Revenue per Share
24.92
22.46
25.93
34.22
17.55
15.44
40.74
36.64
52.52
58.78
50.13
88.35
57
51.31
47.34
61.1
19.48
Basic EPS, GAAP
40.05
69.49
40.17
29.13
21.28
67.89
103.67
59.12
82.23
32.37
32.75
45.36
-76.54
88.74
-50.77
23.01
- -
Free Cash Flow per Basic Share
10.01
10.01
10.01
10.01
10.01
10.01
10.02
10.03
11.01
13.02
14.03
14.02
15.02
16.04
20.23
30.46
- -
Dividend per Share
400.74
413.48
429.45
454.31
464.06
469.17
459.82
487.29
522.33
567.2
603
677.47
717.95
756.56
795.5
884.24
777.7
Book Value per Share
441.65
442.42
560.53
653
778.22
716.25
746.06
797.91
807.21
826.98
861.86
872.2
947.12
1,071.54
1,048.17
1,085.27
1,098.2
Tangible Book Value per Share
988
988
987
988
988
988
989
988
990
990
990
990
991
990
975
910
984
Basic Weighted Avg Shares
1,180,131
1,212,912
1,241,471
1,332,510
1,347,281
1,433,595
1,439,855
1,485,895
1,550,991
1,507,607
1,358,985
1,470,161
1,706,641
1,696,268
1,849,264
1,861,709
849,175
Sales/Revenue/Turnover
8.57
4.43
4.22
4.65
3.47
5.14
4.88
4.76
7.11
7.04
6.24
8.17
4.97
4.28
3.66
1.86
3.98
Operating Margin (%)
80,809
77,292
74,005
76,082
73,812
89,320
85,182
81,998
79,669
73,933
70,815
73,684
81,987
93,302
106,551
109,141
- -
Depreciation Expense
24,619
22,177
25,600
33,801
17,344
15,257
40,270
36,222
51,977
58,181
49,635
87,509
56,483
50,812
46,171
55,582
19,171
Net Income, GAAP
36.31
44.25
22.16
36.65
41.4
40.88
37.3
33.28
27.17
34.28
36.08
28.52
31.29
32.58
43.17
37.87
28.92
Effective Tax Rate (%)
2.09
1.83
2.06
2.54
1.29
1.06
2.8
2.44
3.35
3.86
3.65
5.95
3.31
3
2.5
2.99
2.26
Profit Margin (%)
-38,224
-132,988
-92,628
51,278
-74,546
67,954
51,956
87,825
97,096
107,508
227,057
112,775
101,600
105,104
67,686
53,026
49,028
Working Capital
559,688
448,027
503,103
594,082
512,804
552,556
456,835
452,511
404,402
375,647
517,718
484,062
475,599
480,240
560,161
607,444
493,195
LT Debt
455,998
463,298
579,127
670,354
801,369
730,913
759,195
810,008
815,403
831,654
865,605
875,467
964,561
1,095,594
1,132,789
1,136,879
1,194,601
Total Equity
5.07
2.38
3.05
2.72
1.74
2.73
2.97
3.24
5.5
4.83
3.66
5.59
3.51
2.7
1.97
1.03
1.21
Return on Invested Capital (%)
2.59
2.3
2.43
2.55
1.36
1.43
3.35
2.67
3.35
4.41
3.93
6.46
4.12
3.54
3.06
3.51
1.29
Return on Capital (%)
6.34
5.51
6.15
7.75
3.82
3.31
8.77
7.74
10.41
10.79
8.57
13.8
8.17
6.96
6.05
7.03
2.55
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
256,476
- -
430,693
LT Borrowings
480,240
- -
493,195
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
985
- -
985
Market Capitalization
567,436
599,000
534,856

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
773,287
- -
876,803
Cash, Cash Equivalents & STI
62,860
- -
115,388
Accounts Receivable, Net
369,074
- -
393,719
Inventories
285,443
- -
314,938
Total Current Liabilities
668,183
- -
827,775
Payables & Accruals
- -
- -
- -
ST Debt
256,476
- -
430,693
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.6%
5.73%
0.36%
Free Cash Flow
-75.51%
-148.95%
-142.27%
Net Income, GAAP
23.67%
8.41%
20.38%
Sales/Revenue/Turnover
2.87%
6.67%
0.67%
Total Cash Common Dividend
11.47%
15.71%
40.45%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
420,317
426,776
445,304
403,871
1,696,268
2025
- -
- -
- -
- -
1,849,264
2026
- -
- -
- -
- -
1,861,709

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17.76
- -
- -
- -
51.31
2025
- -
- -
- -
- -
47.34
2026
- -
- -
- -
- -
61.1

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
16.04
2025
- -
- -
- -
- -
20.23
2026
- -
- -
- -
- -
30.46
Similar Companies
Rottneros AB (publ) (RTERF)
Arctic Paper S.A. (ARP.ST)
Genus Paper & Boards Limited (GENUSPAPER.NS)
Biomass Secure Power Inc. (BMSPF)
Le Tree Holdings Limited (E6R.SI)
Suncare Traders Limited (SCTL.BO)
Business
Oji Holdings Corporation engages in the manufacture and sale of pulp, paper, and diversified forest-based products worldwide. Founded on February 12, 1873, and headquartered at 7-5 Ginza 4-chome, Chuo-ku, Tokyo, Japan, the company operates through four main segments: Household and Industrial Materials, which provides containerboards, corrugated containers, boxboards, folding cartons, packaging papers, paper bags, household papers including facial tissues, toilet rolls, kitchen towels, wet wipes, and face masks, disposable diapers, and liquid paper cartons; Functional Materials, offering specialty papers, thermal papers, adhesive products, films, release liners, and non-woven fabrics; Forest Resources and Environment Marketing, supplying pulp, energy, lumber, woodchips, saccharified products, cellulose nanofibers, and afforestation services; and Printing and Communications Media, producing newsprint, printing, publication, and communication papers. It serves industrial, consumer, medical, agricultural, and publishing markets across Japan, China, rest of Asia, North and South America, Europe, and Oceania, with 39,136 employees on a consolidated basis as of March 2025. Recent developments include the April 2024 completion of the acquisition of Walki Group, a European advanced materials converter, to strengthen sustainable packaging capabilities; the September 2025 agreement to acquire Austrocel Hallein, an Austrian biorefinery producing dissolving pulp and bioproducts, pending approvals, to elevate forest biomass as a core business; investments in Brazilian forest plantations, a Uruguayan forest acquisition company, high-density bio-carbon firm Bionow S.A., a Taiwanese molded pulp packaging equipment maker, and an Indian microcrystalline cellulose manufacturer; establishment of a joint venture with Itochu Enex for biomass power generation and a business alliance with Chuetsu Pulp & Paper; consolidation of household paper mills; launch of new liquid packaging carton plant in Vietnam and expansions in corrugated containers in India and Vietnam; and introduction of brands like Renewa for advanced paper recycling and products such as CellArray-Heart cell culture substrates and SILBIO ALBA paper packaging.